----

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |
| ý                                                  |   | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the fiscal year ended December 31, 2018             |
| OR                                                      |
| o                                                       |   | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
| For the transition period from _____ to _____ |
| Commission File No. 814-00663                      |

|                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------|
|                                                                                                                     |  |  |
| Maryland                                                                                                            |   | 33-1089684 |
| (State or other jurisdiction ofincorporation or organization)                                                       |   | (I.R.S. EmployerIdentification No.) |
| 245 Park Avenue, 44th Floor, New York, New York 10167 (Address of principal executive offices) (Zip Code) |
| (212) 750-7300 (Registrant’s telephone number, including area code)                                 |

|                                          |
|------------------------------------------|
|                                          |  |  |
| Title of each class                 |   | Name of each exchange on which registered  |
| Common Stock, par value $0.001 per share |   | The NASDAQ Global Select Market |
| 6.875% Senior Notes due 2047             |   | The New York Stock Exchange |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |
| Large accelerated filer ý |   | Accelerated filer o |   | Non-accelerated filer o |   | Smaller reporting company o |   | Emerging Growth Company o |

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|                                                                                                                           |
|---------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                           |  |
| Part I.                                                                                                                   |   |
| Item 1. Business                                                                                                          | 3 |
| Item 1A. Risk Factors                                                                                                     | 27 |
| Item 1B. Unresolved Staff Comments                                                                                        | 49 |
| Item 2. Properties                                                                                                        | 50 |
| Item 3. Legal Proceedings                                                                                                 | 50 |
| Item 4. Mine Safety Disclosures                                                                                           | 50 |
| Part II.                                                                                                                  |   |
| Item 5. Market or Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 51 |
| Item 6. Selected Financial Data                                                                                           | 53 |
| Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations                       | 56 |
| Item 7A. Quantitative and Qualitative Disclosures about Market Risk                                                       | 84 |
| Item 8. Financial Statements and Supplementary Data                                                                       | 85 |
| Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure                              | 85 |
| Item 9A. Controls and Procedures                                                                                          | 85 |
| Item 9B. Other Information                                                                                                | 86 |
| Part III.                                                                                                                 |   |
| Item 10. Directors, Executive Officers and Corporate Governance                                                           | 87 |
| Item 11. Executive Compensation                                                                                           | 87 |
| Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters                   | 87 |
| Item 13. Certain Relationships and Related Transactions, and Director Independence                                        | 87 |
| Item 14. Principal Accountant Fees and Services                                                                           | 87 |
| Part IV                                                                                                                   |   |
| Item 15. Exhibits and Financial Statement Schedules                                                                       | 88 |
| Form 10-K Summary                                                                                                         | 92 |
| Signatures                                                                                                                |   |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe that many commercial and investment banks have, in recent years, de-emphasized their service and product offerings to middle-market businesses in favor of lending to large corporate clients and managing capital markets transactions. In addition, these lenders may be constrained in their ability to underwrite and hold bank loans and high yield securities for middle-market issuers as they seek to meet existing and future regulatory capital requirements. These factors may result in opportunities for alternative funding sources to middle-market companies and therefore more new-issue market opportunities for us. |

|         |                                                                                                                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe disruption and volatility that occurs periodically in the credit markets, reduces capital available to certain capital providers, causing a reduction in competition. When these volatile market conditions occur, they often create opportunities to achieve attractive risk-adjusted returns. |

|         |                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe that there is a lack of market participants that are willing to hold meaningful amounts of certain middle-market loans. As a result, we believe our ability to minimize syndication risk for a company seeking financing by being able to hold our loans without having to syndicate or sell them is a competitive advantage. |

|         |                                                                                                                                                                                                                                                                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe that middle-market companies have faced difficulty in raising debt through the capital markets. This approach to financing may become more difficult to the extent institutional investors seek to invest in larger, more liquid offerings, leaving less competition and fewer financing alternatives for middle-market companies.     |

|         |                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe there is a large pool of un-invested private equity capital for middle-market businesses. We expect private equity firms will seek to leverage their investments by combining equity capital with senior secured loans and mezzanine debt from other sources such as us. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | We believe the middle-market represents a significant portion of the overall economy, and the demand for capital by middle-market companies reflects generally stronger growth trends and financial performance. In addition, due to the fragmented nature of the middle-market and the lack of publicly available information, we believe lenders have an opportunity to originate and underwrite investments with more favorable terms, including stronger covenant and reporting packages, as well as better call protection and change of control provisions as compared to the large, broadly syndicated loan market. |

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|         |                                                                           |
|---------|---------------------------------------------------------------------------|
| • | businesses with strong franchises and sustainable competitive advantages; |

|         |                                              |
|---------|----------------------------------------------|
| • | industries with positive long-term dynamics; |

|         |                                                                                |
|---------|--------------------------------------------------------------------------------|
| • | businesses and industries with cash flows that are dependable and predictable; |

|         |                                                                                       |
|---------|---------------------------------------------------------------------------------------|
| • | management teams with demonstrated track records and appropriate economic incentives; |

----

|         |                                                        |
|---------|--------------------------------------------------------|
| • | rates of return commensurate with the perceived risks; |

|         |                                                                                         |
|---------|-----------------------------------------------------------------------------------------|
| • | securities or investments that are structured with appropriate terms and covenants; and |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | businesses backed by experienced private equity sponsors. |

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|         |                       |
|---------|-----------------------|
| • | Aerospace and Defense |

----

|         |                     |
|---------|---------------------|
| • | Automotive Services |

|         |                   |
|---------|-------------------|
| • | Business Services |

|         |                   |
|---------|-------------------|
| • | Consumer Products |

|         |                          |
|---------|--------------------------|
| • | Containers and Packaging |

|         |           |
|---------|-----------|
| • | Education |

|         |                    |
|---------|--------------------|
| • | Financial Services |

|         |                   |
|---------|-------------------|
| • | Food and Beverage |

|         |                     |
|---------|---------------------|
| • | Healthcare Services |

|         |                               |
|---------|-------------------------------|
| • | Investment Funds and Vehicles |

|         |               |
|---------|---------------|
| • | Manufacturing |

|         |             |
|---------|-------------|
| • | Oil and Gas |

|         |                |
|---------|----------------|
| • | Other Services |

|         |                  |
|---------|------------------|
| • | Power Generation |

|         |                              |
|---------|------------------------------|
| • | Restaurant and Food Services |

|         |                    |
|---------|--------------------|
| • | Telecommunications |

|         |                         |
|---------|-------------------------|
| • | Wholesale Distributions |

----

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |
|                             | As of December 31, |
|                             | 2018 |  | 2017 |
| Industry                         |   |   |   |
| Healthcare Services              | 21.7 | % |   | 22.5 | % |
| Business Services                | 17.9 |  |   | 19.2 |  |
| Consumer Products                | 8.3 |  |   | 6.8 |  |
| Financial Services               | 6.6 |  |   | 4.3 |  |
| Investment Funds and Vehicles(1) | 6.2 |  |   | 5.8 |  |
| Manufacturing                    | 6.1 |  |   | 6.0 |  |
| Other Services                   | 5.7 |  |   | 6.2 |  |
| Power Generation                 | 4.8 |  |   | 3.6 |  |
| Restaurants and Food Services    | 3.8 |  |   | 3.3 |  |
| Oil and Gas                      | 3.0 |  |   | 2.5 |  |
| Food and Beverage                | 2.9 |  |   | 4.3 |  |
| Automotive Services              | 2.8 |  |   | 3.0 |  |
| Wholesale Distribution           | 2.3 |  |   | 2.5 |  |
| Education                        | 2.2 |  |   | 3.0 |  |
| Containers and Packaging         | 1.5 |  |   | 2.1 |  |
| Other                            | 4.2 |  |   | 4.9 |  |
| Total                            | 100.0 | % |   | 100.0 | % |

|     |                                                                                                                                                                                                                                                                           |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes our investment in the SDLP, which had made first lien senior secured loans to 21 and 19 different borrowers as of December 31, 2018 and 2017, respectively. The portfolio companies in the SDLP are in industries similar to the companies in our portfolio. |

|                   |
|-------------------|
|                   |  |  |  |  |  |
|              | As of December 31, |
|              | 2018 |   | 2017 |
| Geographic Region |   |  |   |   |  |
| Midwest           | 31.4 | % |   | 25.3 | % |
| West(1)           | 24.0 |  |   | 23.9 |  |
| Southeast         | 18.8 |  |   | 28.5 |  |
| Mid Atlantic      | 18.2 |  |   | 15.0 |  |
| Northeast         | 5.4 |  |   | 3.9 |  |
| International     | 2.2 |  |   | 3.4 |  |
| Total             | 100.0 | % |   | 100.0 | % |

|     |                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes our investment in the SDLP, which represented 5.3% and 4.1% of the total investment portfolio at fair value as of December 31, 2018 and 2017, respectively. |

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|         |                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------|
| • | an assessment of the overall macroeconomic environment and financial markets and how such assessment may impact industry and asset selection; |

|         |                                             |
|---------|---------------------------------------------|
| • | company-specific research and analysis; and |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | with respect to each individual company, an emphasis on capital preservation, low volatility and minimization of downside risk. |

|         |                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------|
| • | a comprehensive analysis of issuer creditworthiness, including a quantitative and qualitative assessment of the issuer’s business; |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | an evaluation of management and its economic incentives; |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | an analysis of business strategy and industry trends; and |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | an in-depth examination of capital structure, financial results and projections. |

|         |                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | meeting with the target company’s management team to get a detailed review of the business, and to probe for potential weaknesses in business prospects; |

----

|         |                                                         |
|---------|---------------------------------------------------------|
| • | checking management’s backgrounds and references; |

|         |                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | performing a detailed review of historical financial performance, including performance through various economic cycles, and the quality of earnings; |

|         |                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------|
| • | reviewing both short and long term projections of the business, and sensitizing them for both upside and downside risk; |

|         |                                                                                                |
|---------|------------------------------------------------------------------------------------------------|
| • | visiting headquarters and company operations and meeting with top and middle-level executives; |

|         |                                                                                            |
|---------|--------------------------------------------------------------------------------------------|
| • | contacting customers and vendors to assess both business prospects and standard practices; |

|         |                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| • | conducting a competitive analysis, and comparing the issuer to its main competitors on an operating, financial, market share and valuation basis; |

|         |                                                                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | researching the industry for historic growth trends and future prospects as well as to identify future exit alternatives (including available Wall Street research, industry association literature and general news); |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | assessing asset value and the ability of physical infrastructure and information systems to handle anticipated growth; and |

|         |                                                                 |
|---------|-----------------------------------------------------------------|
| • | investigating legal risks and financial and accounting systems. |

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|         |                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------|
| • | targeting a total return on our investments (including both interest and potential equity appreciation) that compensates us for credit risk; |

|         |                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------|
| • | incorporating “put” rights, call protection and LIBOR floors for floating rate loans, into the investment structure; and |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | negotiating covenants in connection with our investments that afford our portfolio companies as much flexibility in managing their businesses as possible, consistent with preservation of our capital. Such restrictions may include affirmative and negative covenants, default penalties, lien protection, change of control provisions and board rights, including either observation or participation rights. |

|         |                         |
|---------|-------------------------|
| • | asset portfolios;  |

|         |                                                                                                          |
|---------|----------------------------------------------------------------------------------------------------------|
| • | other private and public finance companies, business development companies and asset managers; and  |

|         |                                   |
|---------|-----------------------------------|
| • | selected secondary market assets. |

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|         |                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| • | determines the composition of our portfolio, the nature and timing of the changes to our portfolio and the manner of implementing such changes; |

|         |                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | identifies, evaluates and negotiates the structure of the investments we make (including performing due diligence on our prospective portfolio companies); |

|         |                                              |
|---------|----------------------------------------------|
| • | closes and monitors the investments we make; |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | determines the investments and other assets that we purchase, retain or sell; and |

|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | provides us with such other investment advisory and research and related services as we may from time to time reasonably require. |

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|         |                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------|
| • | No income based fee in any calendar quarter in which our pre-incentive fee net investment income does not exceed the hurdle rate; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 100% of our pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.1875% in any calendar quarter. We refer to this portion of our pre-incentive fee net investment income (which exceeds the hurdle rate but is less than 2.1875%) as the “catch-up” provision. The “catch-up” is meant to provide our investment adviser with 20% of the pre-incentive fee net investment income as if a hurdle rate did not apply if this net investment income exceeded 2.1875% in any calendar quarter; and |

|         |                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------|
| • | 20% of the amount of our pre-incentive fee net investment income, if any, that exceeds 2.1875% in any calendar quarter. |

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|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
| (i) | the nature, extent and quality of the services provided to the Company by our investment adviser; |

|      |                                                                                                                                                                                                                                   |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (ii) | the advisory fees paid by the Company as compared to the advisory fees paid by other funds and accounts managed by our investment adviser with similar investment strategies as well as the fees and expenses of comparable BDCs; |

|       |                                                                                            |
|-------|--------------------------------------------------------------------------------------------|
| (iii) | the long- and short-term investment performance of the Company and our investment adviser; |

|      |                                                                                                                                                                                                                                                                                                                                                                |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (iv) | the costs of the services provided by our investment adviser (including the base management fee, the income based fee (including the Fee Waiver) and the capital gains incentive fee (including the applicable hurdle rates and conditions for the deferral of fee payments) and expense ratios) and comparative data based on publicly available information; |

|     |                                                                                                                                                                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (v) | the potential for, and sharing of, economies of scale in investment management given the directly originated nature of the Company’s investment portfolio and resources dedicated by our investment adviser thereto, including in light of the American Capital Acquisition; |

|      |                                                                                                                                                                |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (vi) | our investment adviser’s pro forma profitability with respect to managing the Company based on financial information provided by our investment adviser; |

|       |                                                                                                                                                     |
|-------|-----------------------------------------------------------------------------------------------------------------------------------------------------|
| (vii) | any additional benefits to be derived by our investment adviser and its affiliates as a result of our relationship with our investment adviser; and |

|        |                                                                                  |
|--------|----------------------------------------------------------------------------------|
| (viii) | various other matters, including the alignment of interests of our stockholders. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Nature, Extent and Quality of Services. Our board of directors considered the nature, extent and quality of the investment selection process employed by our investment adviser, including the flow of transaction opportunities resulting from Ares Capital Management’s investment professionals’ significant capital markets, trading and research expertise, the employment of Ares Capital Management’s investment philosophy, diligence procedures, credit recommendation process, investment structuring, and ongoing relationships with and monitoring of portfolio companies, in light of the investment objective of the Company. Our board of directors also considered our investment adviser’s personnel and their prior experience in connection with the types of investments made by us, including such personnel’s network of relationships with intermediaries focused on U.S. middle-market |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Investment Performance. Our board of directors reviewed the long-term and short-term investment performance of the Company and our investment adviser, as well as comparative data based on publicly available information with respect to the long-term and short-term investment performance of other externally managed BDCs and their investment advisers. Our board of directors noted the longevity and consistency of the Company’s investment performance and determined that our investment adviser was delivering results consistent with the investment objective of the Company and that the Company’s investment performance was generally above average when compared to comparable BDCs, including based on one, three and five year time periods. Our board of directors further determined that in light of the performance history of the Company, our investment adviser’s extensive experience with our particular investment objective and policies and our investment adviser’s commitment to the Company, the investment performance of the Company was likely to remain consistent with the approval of the continuation of the investment advisory and management agreement. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Costs of the Services Provided to the Company. Our board of directors considered (i) comparative data based on publicly available information with respect to services rendered and the advisory fees (including the base management fee, income based fee and capital gains incentive fee or similar fees (including applicable hurdle rates, other payment conditions and/or fee waivers)) of other BDCs with similar investment objectives, our operating expenses and expense ratios compared to other BDCs of similar size and with similar investment objectives and (ii) the administrative services that our administrator will provide to us at cost. Our board of directors further noted that, in connection with the American Capital Acquisition, our investment adviser agreed to the Fee Waiver, in which our investment adviser agreed to waive, for each of the first ten calendar quarters beginning with the second calendar quarter of 2017 and ending with the third quarter of 2019, the lesser of (1) $10 million of the income based fees and (2) the amount of income based fees for such quarter, in each case, to the extent payable by the Company in such quarter pursuant to and as calculated under the investment advisory and management agreement. Further, our board of directors considered comparative information with respect to the advisory fees paid by the Company as compared to the advisory fees paid by other funds and accounts managed by our investment adviser with similar investment strategies, and considered the rationale for the differences in fees, including, but not limited to, differences in investment objectives and investment strategies as well as the regulated nature of the Company. |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Economies of Scale. Our board of directors considered information about the potential for our stockholders to experience economies of scale as we grow in size. In this regard, our board of directors considered information from our investment adviser that our investment adviser had not experienced any economies of scale in its management of our investment portfolio as a result of our larger capital base following the completion of the American Capital Acquisition given the directly originated nature of the Company’s investment portfolio and resources dedicated by our investment adviser thereto. |

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|         |                                                                                                                                                                                             |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | information we receive from recordholders, whether we receive it orally, in writing or electronically. This includes recordholders’ communications to us concerning their investment; |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | information about recordholders’ transactions and history with us; and |

|         |                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------|
| • | other general information that we may obtain about recordholders, such as demographic and contact information such as address. |

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|         |                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------|
| • | to our affiliates (such as our investment adviser and administrator) and their employees for everyday business purposes; |

|         |                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | to our service providers (such as our accountants, attorneys, custodians, transfer agent, underwriters and proxy solicitors) and their employees, as is necessary to service recordholder accounts or otherwise provide the applicable service; |

|         |                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------|
| • | to comply with court orders, subpoenas, lawful discovery requests or other legal or regulatory requirements; or |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | as allowed or required by applicable law or regulation. |

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|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Assumed Return on Portfolio (Net of Expenses)(1) | -15.00 |  % |   | -10.00 |  % |   | -5.00 |  % |   | — |  % |   | 5.00 | % |   | 10.00 | % |   | 15.00 | % |
| Corresponding Return to Common Stockholders(2)   | -29.53 |  % |   | -20.69 |  % |   | -11.85 |  % |   | -3.00 |  % |   | 5.84 | % |   | 14.69 | % |   | 23.53 | % |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The assumed portfolio return is required by SEC regulations and is not a prediction of, and does not represent, our projected or actual performance. Actual returns may be greater or less than those appearing in the table. Pursuant to SEC regulations, this table is calculated as of December 31, 2018. As a result, it has not been updated to take into account any changes in assets or leverage since December 31, 2018. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | In order to compute the “Corresponding Return to Common Stockholders,” the “Assumed Return on Portfolio” is multiplied by the total value of our assets at December 31, 2018 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 4.1% by the approximately $5.3 billion of principal debt outstanding) is subtracted to determine the return available to stockholders. The return available to stockholders is then divided by the total value of our net assets as of December 31, 2018 to determine the “Corresponding Return to Common Stockholders.” |

|         |                                                                                                                  |
|---------|------------------------------------------------------------------------------------------------------------------|
| • | restrictions on the level of indebtedness that we are permitted to incur in relation to the value of our assets; |

|         |                                                 |
|---------|-------------------------------------------------|
| • | restrictions on our ability to incur liens; and |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | maintenance of a minimum level of stockholders’ equity. |

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|         |                                                  |
|---------|--------------------------------------------------|
| • | sudden electrical or telecommunications outages; |

|         |                                                                  |
|---------|------------------------------------------------------------------|
| • | natural disasters such as earthquakes, tornadoes and hurricanes; |

----

|         |                    |
|---------|--------------------|
| • | disease pandemics; |

|         |                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------|
| • | events arising from local or larger scale political or social matters, including terrorist acts; and |

|         |                |
|---------|----------------|
| • | cyber-attacks. |

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|         |                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | these companies may have limited financial resources and may be unable to meet their obligations, which may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of us realizing our investment; |

|         |                                                                                                                                                                                                                                                                 |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | they typically have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns; |

|         |                                                                                                                                                                                                                                                                           |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | they typically depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse effect on such portfolio company and, in turn, on us; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | there is generally little public information about these companies. These companies and their financial information are generally not subject to the Exchange Act (as defined below) and other regulations that govern public companies, and we may be unable to uncover all material information about these companies, which may prevent us from making a fully informed investment decision and cause us to lose money on our investments; |

|         |                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | they generally have less predictable operating results and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position; |

|         |                                                                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | we, our executive officers, directors and our investment adviser may, in the ordinary course of business, be named as defendants in litigation arising from our investments in our portfolio companies and may, as a result, incur significant costs and expenses in connection with such litigation; |

|         |                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | changes in laws and regulations (including the Tax Cuts and Jobs Act), as well as their interpretations, may adversely affect their business, financial structure or prospects; and |

|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | they may have difficulty accessing the capital markets to meet future capital needs. |

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|         |                                                                                                                                                                                                                                                                                                                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | any equity investment we make in a portfolio company could be subject to further dilution as a result of the issuance of additional equity interests and to serious risks as a junior security that will be subordinate to all indebtedness (including trade creditors) or senior securities in the event that the issuer is unable to meet its obligations or becomes subject to a bankruptcy process; |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | to the extent that the portfolio company requires additional capital and is unable to obtain it, we may not recover our investment; and |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | in some cases, equity securities in which we invest will not pay current dividends, and our ability to realize a return on our investment, as well as to recover our investment, will be dependent on the success of the portfolio company. Even if the portfolio company is successful, our ability to realize the value of our investment may be dependent on the occurrence of a liquidity event, such as a public offering or the sale of the portfolio company. It is likely to take a significant amount of time before a liquidity event occurs or we can otherwise sell our investment. In addition, the equity securities we receive or invest in may be subject to restrictions on resale during periods in which it could be advantageous to sell them. |

|         |                                                                                                                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | preferred securities may include provisions that permit the issuer, at its discretion, to defer distributions for a stated period without any adverse consequences to the issuer. If we own a preferred security that is deferring its distributions, we may be required to report income for tax purposes before we receive such distributions; |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | preferred securities are subordinated to debt in terms of priority to income and liquidation payments, and therefore will be subject to greater credit risk than debt; |

|         |                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
| • | preferred securities may be substantially less liquid than many other securities, such as common stock or U.S. government securities; and |

|         |                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------|
| • | generally, preferred security holders have no voting rights with respect to the issuing company, subject to limited exceptions. |

----

----

----

----

|         |                                                                                                                                                                                                                                |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | significant volatility in the market price and trading volume of securities of publicly traded RICs, BDCs or other companies in our sector, which are not necessarily related to the operating performance of these companies; |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | price and volume fluctuations in the overall stock market from time to time; |

|         |                                                                      |
|---------|----------------------------------------------------------------------|
| • | the inclusion or exclusion of our common stock from certain indices; |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | changes in law, regulatory policies or tax guidelines, or interpretations thereof, particularly with respect to RICs or BDCs; |

|         |                         |
|---------|-------------------------|
| • | loss of our RIC status; |

|         |                                                          |
|---------|----------------------------------------------------------|
| • | our ability to manage our capital resources effectively; |

|         |                                                                 |
|---------|-----------------------------------------------------------------|
| • | changes in our earnings or variations in our operating results; |

|         |                                                       |
|---------|-------------------------------------------------------|
| • | changes in the value of our portfolio of investments; |

----

|         |                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------|
| • | any shortfall in investment income or net investment income or any increase in losses from levels expected by investors or securities analysts; |

|         |                                         |
|---------|-----------------------------------------|
| • | departure of Ares’ key personnel; |

|         |                                                      |
|---------|------------------------------------------------------|
| • | operating performance of companies comparable to us; |

|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | short-selling pressure with respect to shares of our common stock or BDCs generally; |

|         |                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | future sales of our securities convertible into or exchangeable or exercisable for our common stock or the conversion of such securities, including the Convertible Unsecured Notes; |

|         |                                                           |
|---------|-----------------------------------------------------------|
| • | uncertainty surrounding the strength of the U.S. economy; |

|         |                                             |
|---------|---------------------------------------------|
| • | concerns regarding European sovereign debt; |

|         |                                                                                 |
|---------|---------------------------------------------------------------------------------|
| • | concerns regarding volatility in the Chinese stock market and Chinese currency; |

|         |                                                                                                         |
|---------|---------------------------------------------------------------------------------------------------------|
| • | uncertainty between the U.S. and other countries with respect to trade policies, treaties, and tariffs; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | general economic trends and other external factors; and |

|         |                                 |
|---------|---------------------------------|
| • | loss of a major funding source. |

----

----

|         |                                                              |
|---------|--------------------------------------------------------------|
| • | the time remaining to the maturity of these debt securities; |

|         |                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------|
| • | the outstanding principal amount of debt securities with terms identical to these debt securities; |

|         |                                                                |
|---------|----------------------------------------------------------------|
| • | the ratings assigned by national statistical ratings agencies; |

|         |                                   |
|---------|-----------------------------------|
| • | the general economic environment; |

|         |                                                                             |
|---------|-----------------------------------------------------------------------------|
| • | the supply of such debt securities trading in the secondary market, if any; |

|         |                                                                         |
|---------|-------------------------------------------------------------------------|
| • | the redemption or repayment features, if any, of these debt securities; |

|         |                                                                             |
|---------|-----------------------------------------------------------------------------|
| • | the level, direction and volatility of market interest rates generally; and |

|         |                                                                                   |
|---------|-----------------------------------------------------------------------------------|
| • | market rates of interest higher or lower than rates borne by the debt securities. |

----

----

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (dollars in millions, except per share data) Period |   | Total Number of Shares Purchased |   | Average Price Paid Per Share |   | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs |   | Maximum (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs |
| January 1, 2018 through January 31, 2018            |   | 468,352 |  |   | $ | 15.84 |  |   | — |  |   | $ | — |  |
| February 1, 2018 through February 28, 2018          |   | — |  |   | — |  |   | — |  |   | — |  |
| March 1, 2018 through March 31, 2018                |   | — |  |   | — |  |   | — |  |   | — |  |
| April 1, 2018 through April 30, 2018                |   | 482,998 |  |   | 15.90 |  |   | — |  |   | — |  |
| May 1, 2018 through May 31, 2018                    |   | — |  |   | — |  |   | — |  |   | — |  |
| June 1, 2018 through June 30, 2018                  |   | — |  |   | — |  |   | — |  |   | — |  |
| July 1, 2018 through July 31, 2018                  |   | 407,763 |  |   | 16.43 |  |   | — |  |   | — |  |
| August 1, 2018 through August 31, 2018              |   | — |  |   | — |  |   | — |  |   | — |  |
| September 1, 2018 through September 30, 2018        |   | — |  |   | — |  |   | — |  |   | — |  |
| October 1, 2018 through October 31, 2018            |   | 438,063 |  |   | 17.27 |  |   | — |  |   | — |  |
| November 1, 2018 through November 30, 2018          |   | — |  |   | — |  |   | — |  |   | — |  |
| December 1, 2018 through December 31, 2018          |   | — |  |   | — |  |   | — |  |   | — |  |
| Total                                               |   | 1,797,176 |  |   | $ | 16.34 |  |   | — |  |   | $ | — |  |

----

|         |                                    |
|---------|------------------------------------|
| SOURCE: | S&P Global Market Intelligence |

|        |                                                                                                                                                                                                                                              |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| NOTES: | Assumes $100 invested on December 31, 2013 in Ares Capital, the S&P 500 Index and the SNL US Investment Company Index. Assumes all dividends are reinvested on the respective dividend payment dates without commissions. |

|                                 |
|---------------------------------|
|                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                            | Dec13 |   | Dec14 |   | Dec15 |   | Dec16 |   | Dec17 |   | Dec18 |
| Ares Capital                    | 100.00 |  |   | 96.33 |  |   | 97.20 |  |   | 124.14 |  |   | 129.67 |  |   | 141.13 |  |
| S&P 500 Index          | 100.00 |  |   | 113.69 |  |   | 115.26 |  |   | 129.05 |  |   | 157.22 |  |   | 150.33 |  |
| SNL US Investment Company Index | 100.00 |  |   | 106.95 |  |   | 97.71 |  |   | 120.86 |  |   | 134.00 |  |   | 128.53 |  |

----

|                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                            | As of and For the Years Ended December 31, |
|                                                                                                                            | 2018 |   | 2017 |   | 2016 |   | 2015 |   | 2014 |
| Total Investment Income                                                                                                         | $ | 1,337 |  |   | $ | 1,160 |  |   | $ | 1,012 |  |   | $ | 1,025 |  |   | $ | 989 |  |
| Total Expenses, Net of Waiver of Income Based Fees                                                                              | 624 |  |   | 630 |  |   | 497 |  |   | 499 |  |   | 533 |  |
| Net Investment Income Before Income Taxes                                                                                       | 713 |  |   | 530 |  |   | 515 |  |   | 526 |  |   | 456 |  |
| Income Tax Expense, Including Excise Tax                                                                                        | 19 |  |   | 19 |  |   | 21 |  |   | 18 |  |   | 18 |  |
| Net Investment Income                                                                                                           | 694 |  |   | 511 |  |   | 494 |  |   | 508 |  |   | 438 |  |
| Net Realized and Unrealized Gains (Losses) on Investments, Foreign Currencies and Other Transactions and Extinguishment of Debt | 164 |  |   | 156 |  |   | (20 | ) |   | (129 | ) |   | 153 |  |
| Net Increase in Stockholders’ Equity Resulting from Operations                                                            | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |   | $ | 379 |  |   | $ | 591 |  |
| Per Share Data:                                                                                                                 |   |   |   |   |   |   |   |  |   |   |  |
| Net Increase in Stockholders’ Equity Resulting from Operations:                                                           |   |   |   |   |   |   |   |  |   |   |  |
| Basic                                                                                                                           | $ | 2.01 |  |   | $ | 1.57 |  |   | $ | 1.51 |  |   | $ | 1.20 |  |   | $ | 1.94 |  |
| Diluted                                                                                                                         | $ | 2.01 |  |   | $ | 1.57 |  |   | $ | 1.51 |  |   | $ | 1.20 |  |   | $ | 1.94 |  |
| Cash Dividends Declared and Payable(1)                                                                                          | $ | 1.54 |  |   | $ | 1.52 |  |   | $ | 1.52 |  |   | $ | 1.57 |  |   | $ | 1.57 |  |
| Net Asset Value                                                                                                                 | $ | 17.12 |  |   | $ | 16.65 |  |   | $ | 16.45 |  |   | $ | 16.46 |  |   | $ | 16.82 |  |
| Total Assets(2)                                                                                                                 | $ | 12,895 |  |   | $ | 12,347 |  |   | $ | 9,245 |  |   | $ | 9,507 |  |   | $ | 9,454 |  |
| Total Debt (Carrying Value)(2)                                                                                                  | $ | 5,214 |  |   | $ | 4,854 |  |   | $ | 3,874 |  |   | $ | 4,114 |  |   | $ | 3,881 |  |
| Total Debt (Principal Amount)                                                                                                   | $ | 5,297 |  |   | $ | 4,943 |  |   | $ | 3,951 |  |   | $ | 4,197 |  |   | $ | 3,999 |  |
| Total Stockholders’ Equity                                                                                                | $ | 7,300 |  |   | $ | 7,098 |  |   | $ | 5,165 |  |   | $ | 5,173 |  |   | $ | 5,284 |  |
| Other Data:                                                                                                                     |   |   |   |   |   |   |   |   |   |  |
| Number of Portfolio Companies at Period End(3)                                                                                  | 344 |  |   | 314 |  |   | 218 |  |   | 218 |  |   | 205 |  |
| Principal Amount of Investments Purchased(4)                                                                                    | $ | 7,176 |  |   | $ | 7,263 |  |   | $ | 3,490 |  |   | $ | 3,905 |  |   | $ | 4,534 |  |
| Principal Amount of Investments Acquired as part of the American Capital Acquisition on the Acquisition Date                    | $ | — |  |   | $ | 2,543 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Principal Amount of Investments Sold and Repayments                                                                             | $ | 6,440 |  |   | $ | 7,107 |  |   | $ | 3,655 |  |   | $ | 3,651 |  |   | $ | 3,213 |  |
| Total Return Based on Market Value(5)                                                                                           | 8.9 | % |   | 4.5 | % |   | 26.4 | % |   | 1.3 | % |   | (3.3 | )% |
| Total Return Based on Net Asset Value(6)                                                                                        | 12.1 | % |   | 10.5 | % |   | 9.2 | % |   | 7.2 | % |   | 11.8 |  % |
| Weighted Average Yield of Debt and Other Income Producing Securities at Fair Value(7)                                           | 10.3 | % |   | 9.8 | % |   | 9.4 | % |   | 10.3 | % |   | 10.1 |  % |
| Weighted Average Yield of Debt and Other Income Producing Securities at Amortized Cost(7)                                       | 10.2 | % |   | 9.7 | % |   | 9.3 | % |   | 10.1 | % |   | 10.1 |  % |
| Weighted Average Yield of Total Investments at Fair Value(8)                                                                    | 9.3 | % |   | 8.7 | % |   | 8.5 | % |   | 9.2 | % |   | 9.1 |  % |
| Weighted Average Yield of Total Investments at Amortized Cost(8)                                                                | 9.0 | % |   | 8.7 | % |   | 8.3 | % |   | 9.1 | % |   | 9.3 |  % |

|     |                                                                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes an additional dividend of $0.05 per share paid in the year ended December 31, 2015 and an additional dividend of $0.05 per share paid in the year ended December 31, 2014. |

|     |                                                                                                                                                                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Certain prior year amounts have been reclassified to conform to the 2018 presentation. In particular, unamortized debt issuance costs were previously included in other assets and were reclassified to long‐term debt as a result of the |

----

|     |                                                                                 |
|-----|---------------------------------------------------------------------------------|
| (3) | Includes commitments to portfolio companies for which funding had yet to occur. |

|     |                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------|
| (4) | Excludes $2.5 billion of investments acquired as part of the American Capital Acquisition on the Acquisition Date. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | For the year ended December 31, 2018, the total return based on market value equaled the decrease of the ending market value at December 31, 2018 of $15.58 per share from the ending market value at December 31, 2017 of $15.72 per share plus the declared and payable dividends of $1.54 per share for the year ended December 31, 2018, divided by the market value at December 31, 2017. For the year ended December 31, 2017, the total return based on market value equaled the decrease of the ending market value at December 31, 2017 of $15.72 per share from the ending market value at December 31, 2016 of $16.49 per share plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2017, divided by the market value at December 31, 2016. For the year ended December 31, 2016, the total return based on market value equaled the increase of the ending market value at December 31, 2016 of $16.49 per share from the ending market value at December 31, 2015 of $14.25 per share plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2016, divided by the market value at December 31, 2015. For the year ended December 31, 2015, the total return based on market value equaled the decrease of the ending market value at December 31, 2015 of $14.25 per share from the ending market value at December 31, 2014 of $15.61 per share plus the declared and payable dividends of $1.57 per share for the year ended December 31, 2015, divided by the market value at December 31, 2014. For the year ended December 31, 2014, the total return based on market value equaled the decrease of the ending market value at December 31, 2014 of $15.61 per share from the ending market value at December 31, 2013 of $17.77 per share plus the declared and payable dividends of $1.57 per share for the year ended December 31, 2014, divided by the market value at December 31, 2013. The Company’s shares fluctuate in value. The Company’s performance changes over time and currently may be different than that shown. Past performance is no guarantee of future results. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | For the year ended December 31, 2018, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.54 per share for the year ended December 31, 2018, divided by the beginning net asset value for the period. For the year ended December 31, 2017, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2017, divided by the beginning net asset value for the period. For the year ended December 31, 2016, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2016, divided by the beginning net asset value for the period. For the year ended December 31, 2015, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.57 per share for the year ended December 31, 2015, divided by the beginning net asset value for the period. For the year ended December 31, 2014, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.57 per share for the year ended December 31, 2014 divided by the beginning net asset value for the period. These calculations are adjusted for shares issued in connection with the dividend reinvestment plan and the issuance of common stock in connection with any equity offerings and the equity components of any convertible notes issued during the period. The Company’s performance changes over time and currently may be different than that shown. Past performance is no guarantee of future results. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | “Weighted average yield of debt and other income producing securities” is computed as (a) the annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount or premium earned on accruing debt and other income producing securities, divided by (b) the total accruing debt and other income producing securities at amortized cost or at fair value, as applicable. |

|     |                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | “Weighted average yield on total investments” is computed as (a) the annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount or premium earned on accruing debt and other income producing securities, divided by (b) the total investments at amortized cost or at fair value, as applicable. |

----

|         |                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------|
| • | our, or our portfolio companies’, future business, operations, operating results or prospects; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | the return or impact of current and future investments; |

|         |                                                                                        |
|---------|----------------------------------------------------------------------------------------|
| • | the impact of a protracted decline in the liquidity of credit markets on our business; |

|         |                                                               |
|---------|---------------------------------------------------------------|
| • | the impact of fluctuations in interest rates on our business; |

|         |                                                                                                                                                                                                                                                                                      |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | the impact of changes in laws or regulations (including the interpretation thereof), including the Tax Cuts and Jobs Act and the Small Business Credit Availability Act, governing our operations or the operations of our portfolio companies or the operations of our competitors; |

|         |                                                                                                              |
|---------|--------------------------------------------------------------------------------------------------------------|
| • | the valuation of our investments in portfolio companies, particularly those having no liquid trading market; |

|         |                                           |
|---------|-------------------------------------------|
| • | our ability to recover unrealized losses; |

|         |                                                                                                                                                                          |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | market conditions and our ability to access alternative debt markets and additional debt and equity capital and our ability to manage our capital resources effectively; |

|         |                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------|
| • | our contractual arrangements and relationships with third parties, including parties to our co-investment program; |

|         |                                                                          |
|---------|--------------------------------------------------------------------------|
| • | the general economy and its impact on the industries in which we invest; |

|         |                                                                                         |
|---------|-----------------------------------------------------------------------------------------|
| • | uncertainty surrounding the financial stability of the United States, Europe and China; |

|         |                                                                              |
|---------|------------------------------------------------------------------------------|
| • | the social, geopolitical, financial, trade and legal implications of Brexit; |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | Middle East turmoil and the potential for volatility in energy prices and its impact on the industries in which we invest; |

|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | the financial condition of and ability of our current and prospective portfolio companies to achieve their objectives; |

|         |                                          |
|---------|------------------------------------------|
| • | our expected financings and investments; |

|         |                                                                            |
|---------|----------------------------------------------------------------------------|
| • | our ability to successfully complete and integrate any other acquisitions; |

|         |                                           |
|---------|-------------------------------------------|
| • | the outcome and impact of any litigation; |

|         |                                                         |
|---------|---------------------------------------------------------|
| • | the adequacy of our cash resources and working capital; |

|         |                                                            |
|---------|------------------------------------------------------------|
| • | the timing, form and amount of any dividend distributions; |

|         |                                                                                       |
|---------|---------------------------------------------------------------------------------------|
| • | the timing of cash flows, if any, from the operations of our portfolio companies; and |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | the ability of our investment adviser to locate suitable investments for us and to monitor and administer our investments. |

----

----

----

|                                                                                                               |
|---------------------------------------------------------------------------------------------------------------|
|                                                                                                               |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                          | For the Years Ended December 31, |
| (dollar amounts in millions)                                                                                  | 2018 |  | 2017 |  | 2016 |
| New investment commitments(1)(5)(10):                                                                         |   |  |   |   |  |   |   |  |
| New portfolio companies                                                                                       | $ | 3,754 |  |   | $ | 2,155 |  |   | $ | 2,107 |  |
| Existing portfolio companies                                                                                  | 4,291 |  |   | 3,734 |  |   | 1,596 |  |
| Total new investment commitments(2)                                                                           | 8,045 |  |   | 5,889 |  |   | 3,703 |  |
| Less:                                                                                                         |   |  |   |   |   |   |
| Investment commitments exited(3)                                                                              | 6,476 |  |   | 5,593 |  |   | 3,844 |  |
| Net investment commitments                                                                                    | $ | 1,569 |  |   | $ | 296 |  |   | $ | (141 | ) |
| Principal amount of investments funded(5)(10):                                                                |   |  |   |   |   |   |
| First lien senior secured loans                                                                               | $ | 4,465 |  |   | $ | 3,442 |  |   | $ | 1,965 |  |
| Second lien senior secured loans                                                                              | 1,607 |  |   | 1,491 |  |   | 987 |  |
| Subordinated certificates of the SDLP(4)                                                                      | 252 |  |   | 222 |  |   | 272 |  |
| Subordinated certificates of the SSLP                                                                         | — |  |   | — |  |   | 3 |  |
| Senior subordinated loans                                                                                     | 376 |  |   | 273 |  |   | 173 |  |
| Preferred equity securities                                                                                   | 130 |  |   | 120 |  |   | 37 |  |
| Other equity securities                                                                                       | 346 |  |   | 116 |  |   | 53 |  |
| Total                                                                                                         | $ | 7,176 |  |   | $ | 5,664 |  |   | $ | 3,490 |  |
| Principal amount of investments sold or repaid(6):                                                            |   |  |   |   |  |   |   |  |
| First lien senior secured loans                                                                               | $ | 3,762 |  |   | $ | 2,394 |  |   | $ | 2,522 |  |
| Second lien senior secured loans                                                                              | 1,657 |  |   | 1,536 |  |   | 903 |  |
| Subordinated certificates of the SDLP(4)                                                                      | 88 |  |   | 4 |  |   | 2 |  |
| Subordinated certificates of the SSLP(5)                                                                      | — |  |   | 474 |  |   | — |  |
| Senior subordinated loans                                                                                     | 718 |  |   | 269 |  |   | 189 |  |
| Collateralized loan obligations                                                                               | 71 |  |   | 150 |  |   | — |  |
| Preferred equity securities                                                                                   | 80 |  |   | 275 |  |   | 4 |  |
| Other equity securities                                                                                       | 64 |  |   | 476 |  |   | 35 |  |
| Total                                                                                                         | $ | 6,440 |  |   | $ | 5,578 |  |   | $ | 3,655 |  |
| Principal amount of investments acquired as part of the American Capital Acquisition on the Acquisition Date: |   |   |   |   |   |
| First lien senior secured loans                                                                               |   |   | $ | 550 |  |   |  |  |
| Second lien senior secured loans                                                                              |   |   | 855 |  |   |   |
| Senior subordinated loans                                                                                     |   |   | 244 |  |   |   |
| Collateralized loan obligations                                                                               |   |   | 265 |  |   |   |
| Preferred equity securities                                                                                   |   |   | 109 |  |   |   |
| Other equity securities                                                                                       |   |   | 520 |  |   |   |
| Total                                                                                                         |   |   | $ | 2,543 |  |   |   |
| Number of new investment commitments(5)(7)(10)                                                                | 172 |  |   | 155 |  |   | 82 |  |
| Average new investment commitment amount(5)(10)                                                               | $ | 47 |  |   | $ | 38 |  |   | $ | 45 |  |
| Weighted average term for new investment commitments (in months)(5)(8)(10)                                    | 76 |  |   | 75 |  |   | 80 |  |
| Percentage of new investment commitments at floating rates(5)(10)                                             | 94 | % |   | 94 | % |   | 91 | % |
| Percentage of new investment commitments at fixed rates(5)(10)                                                | 2 | % |   | 4 | % |   | 6 | % |
| Weighted average yield of debt and other income producing securities(5)(8)(10):                               |   |  |   |   |   |   |

----

|                                                                                                                                                    |
|----------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |
| Funded during the period at amortized cost                                                                                                         | 9.0 | % |   | 9.0 | % |   | 9.3 | % |
| Funded during the period at fair value(9)                                                                                                          | 9.1 | % |   | 9.0 | % |   | 9.2 | % |
| Exited or repaid during the period at amortized cost                                                                                               | 9.2 | % |   | 8.9 | % |   | 8.5 | % |
| Exited or repaid during the period at fair value(9)                                                                                                | 9.2 | % |   | 8.9 | % |   | 8.4 | % |
| Weighted average yield of debt and other income producing securities acquired as part of the American Capital Acquisition on the Acquisition Date: |   |   |   |   |   |
| Funded during the period at amortized cost                                                                                                         | — |  |   | 10.0 | % |   | — |  |
| Funded during the period at fair value(9)                                                                                                          | — |  |   | 10.0 | % |   | — |  |

|     |                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | New investment commitments include new agreements to fund revolving loans or delayed draw loans. See “Off Balance Sheet Arrangements” as well as Note 7 to our consolidated financial statements for the year ended December 31, 2018, for more information on our commitments to fund revolving loans or delayed draw loans. |

|     |                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes both funded and unfunded commitments. Of these new investment commitments, we funded $6.6 billion, $5.1 billion and $3.3 billion for the years ended December 31, 2018, 2017 and 2016, respectively. |

|     |                                                                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Includes both funded and unfunded commitments. For the years ended December 31, 2018, 2017 and 2016, investment commitments exited included exits of unfunded commitments of $385 million, $301 million and $341 million, respectively. |

|     |                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | See “Senior Direct Lending Program” below and Note 4 to our consolidated financial statements for the year ended December 31, 2018 for more information on the SDLP (as defined below). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | In July 2017, in connection with the effective termination of Senior Secured Loan Fund LLC (d/b/a the “Senior Secured Loan Program” or the “SSLP”), we purchased $1.6 billion in aggregate principal amount of first lien senior secured loans outstanding at par plus accrued and unpaid interest and fees from the SSLP (the “SSLP Loan Sale”) and assumed the SSLP’s remaining unfunded loan commitments totaling $50 million. The loans purchased from the SSLP included loans to 10 different borrowers with a weighted average yield at amortized cost and fair value of 7.1% and 7.1%, respectively. Upon completion of the SSLP Loan Sale, the SSLP made a liquidation distribution to the holders of the subordinated certificates of the SSLP (the “SSLP Certificates”), of which Ares Capital received $1.5 billion. The impact of these transactions is excluded from the information presented in the table. See “Senior Secured Loan Program” below and Note 4 to our consolidated financial statements for the year ended December 31, 2018 for more information on the SSLP. |

|     |                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | For the years ended December 31, 2018 and 2017, the principal amount of investments sold or repaid included $0.9 billion and $1.1 billion, respectively, of investments acquired as part of the American Capital Acquisition. |

|     |                                                                                                                                                                                                                                  |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Number of new investment commitments represents each commitment to a particular portfolio company or a commitment to multiple companies as part of an individual transaction (e.g., the purchase of a portfolio of investments). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | “Weighted average yield of debt and other income producing securities” is computed as (a) the annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount or premium earned on accruing debt and other income producing securities, divided by (b) the total accruing debt and other income producing securities at amortized cost or at fair value, as applicable. |

|     |                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------|
| (9) | Represents fair value for investments in the portfolio as of the most recent prior quarter end, if applicable. |

|      |                                                                                                                                                                                                                                                                                   |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (10) | Excludes investments acquired as part of the American Capital Acquisition on the Acquisition Date. See Note 16 to our consolidated financial statements for the year ended December 31, 2018 for additional information regarding the American Capital Acquisition. |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                     | As of December 31, |
|                                     | 2018 |   | 2017 |
| (in millions)                            | Amortized Cost |   | Fair Value |   | Amortized Cost |   | Fair Value |
| First lien senior secured loans          | $ | 5,976 |  |   | $ | 5,836 |  |   | $ | 5,337 |  |   | $ | 5,197 |  |
| Second lien senior secured loans         | 3,878 |  |   | 3,657 |  |   | 3,885 |  |   | 3,744 |  |
| Subordinated certificates of the SDLP(1) | 652 |  |   | 652 |  |   | 487 |  |   | 487 |  |
| Senior subordinated loans                | 717 |  |   | 727 |  |   | 978 |  |   | 995 |  |
| Collateralized loan obligations          | 44 |  |   | 45 |  |   | 115 |  |   | 114 |  |
| Preferred equity securities              | 576 |  |   | 444 |  |   | 485 |  |   | 532 |  |
| Other equity securities                  | 911 |  |   | 1,056 |  |   | 618 |  |   | 772 |  |
| Total                                    | $ | 12,754 |  |   | $ | 12,417 |  |   | $ | 11,905 |  |   | $ | 11,841 |  |

|     |                                                                                                                                                                                                                                                                        |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The proceeds from these certificates were applied to co-investments with Varagon Capital Partners (“Varagon”) and its clients to fund first lien senior secured loans to 21 and 19 different borrowers as of December 31, 2018 and 2017, respectively. |

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |
|                                          | As of December 31, |
|                                          | 2018 |   | 2017 |
|                                          | Amortized Cost |   | Fair Value |   | Amortized Cost |   | Fair Value |
| Debt and other income producing securities(1) | 10.2 | % |   | 10.3 | % |   | 9.7 | % |   | 9.8 | % |
| Total portfolio(2)                            | 9.0 | % |   | 9.3 | % |   | 8.7 | % |   | 8.7 | % |
| First lien senior secured loans(2)            | 8.4 | % |   | 8.7 | % |   | 7.9 | % |   | 8.1 | % |
| Second lien senior secured loans(2)           | 10.4 | % |   | 11.1 | % |   | 9.7 | % |   | 10.0 | % |
| Subordinated certificates of the SDLP(2)(3)   | 15.0 | % |   | 15.0 | % |   | 14.5 | % |   | 14.5 | % |
| Senior subordinated loans(2)                  | 12.7 | % |   | 12.5 | % |   | 13.0 | % |   | 12.8 | % |
| Collateralized loan obligations               | 22.7 | % |   | 22.2 | % |   | 9.7 | % |   | 9.7 | % |
| Income producing equity securities(2)         | 13.5 | % |   | 13.4 | % |   | 13.0 | % |   | 13.0 | % |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | “Weighted average yield of debt and other income producing securities” is computed as (a) the annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount or premium earned on accruing debt and other income producing securities, divided by (b) the total accruing debt and other income producing securities at amortized cost or at fair value as applicable. |

|           |                                                                                                                                                                                                                                                                                                                                                                                             |
|-----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  |  “Weighted average yields” are computed as (a) the annual stated interest rate or yield earned plus the net annual amortization of original issue discount and market discount or premium earned on the relevant accruing debt and other income producing securities, divided by (b) the total relevant investments at amortized cost or at fair value as applicable. |

|     |                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | The proceeds from these certificates were applied to co-investments with Varagon and its clients to fund first lien senior secured loans. |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                         | As of December 31, |
|                         | 2018 |   | 2017 |
| (dollar amounts in millions) | Fair Value |   | % |   | Number ofCompanies |   | % |   | Fair Value |   | % |   | Number ofCompanies |   | % |
| Grade 1                      | $ | 107 |  |   | 0.9 | % |   | 18 |  |   | 5.2 | % |   | $ | 72 |  |   | 0.6 | % |   | 16 |  |   | 5.1 | % |
| Grade 2                      | 455 |  |   | 3.7 | % |   | 12 |  |   | 3.5 | % |   | 343 |  |   | 2.9 | % |   | 14 |  |   | 4.5 | % |
| Grade 3                      | 10,680 |  |   | 85.9 | % |   | 300 |  |   | 87.2 | % |   | 10,099 |  |   | 85.3 | % |   | 268 |  |   | 85.3 | % |
| Grade 4                      | 1,175 |  |   | 9.5 | % |   | 14 |  |   | 4.1 | % |   | 1,327 |  |   | 11.2 | % |   | 16 |  |   | 5.1 | % |
| Total                        | $ | 12,417 |  |   | 100.0 | % |   | 344 |  |   | 100.0 | % |   | $ | 11,841 |  |   | 100.0 | % |   | 314 |  |   | 100.0 | % |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |
|                                                             | As of December 31, |
| (in millions)                                                    | 2018 |   | 2017 |
| Total capital funded to the SDLP(1)                              | $ | 3,104 |  |   | $ | 2,319 |  |
| Total capital funded to the SDLP by the Company(1)               | $ | 652 |  |   | $ | 487 |  |
| Total unfunded capital commitments to the SDLP(2)                | $ | 187 |  |   | $ | 92 |  |
| Total unfunded capital commitments to the SDLP by the Company(2) | $ | 39 |  |   | $ | 19 |  |

|     |                      |
|-----|----------------------|
| (1) | At principal amount. |

|     |                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These commitments have been approved by the investment committee of the SDLP and will be funded as the transactions are completed. |

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |
|                                                         | As of December 31, |
| (dollar amounts in millions)                                 | 2018 |   | 2017 |
| Total first lien senior secured loans(1)                     | $ | 3,086 |  |   | $ | 2,316 |  |
| Weighted average yield on first lien senior secured loans(2) | 8.4 | % |   | 7.6 | % |
| Largest loan to a single borrower(1)                         | $ | 249 |  |   | $ | 200 |  |
| Total of five largest loans to borrowers(1)                  | $ | 1,132 |  |   | $ | 947 |  |
| Number of borrowers in the SDLP                              | 21 |  |   | 19 |  |
| Commitments to fund delayed draw loans(3)                    | $ | 187 |  |   | $ | 92 |  |

|                                                                                                                                                                             |                                                                                                                                                                                        |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)                             |  Computed as (a) the annual stated interest rate on accruing first lien senior secured loans, divided by (b) total first lien senior secured loans at principal amount. |

----

|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
| (3) | As discussed above, these commitments have been approved by the investment committee of the SDLP. |

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |
|                                                             | As of December 31, |
| (in millions)                                                    | 2018 |   | 2017 |
| Selected Balance Sheet Information:                              |   |  |   |   |  |
| Investments at fair value (amortized cost of $3,086 and $2,316)  | $ | 3,043 |  |   | $ | 2,295 |  |
| Other assets                                                     | 92 |  |   | 57 |  |
| Total assets                                                     | $ | 3,135 |  |   | $ | 2,352 |  |
|                                                             |   |   |   |
| Senior notes                                                     | $ | 2,189 |  |   | $ | 1,624 |  |
| Intermediate funding notes                                       | 171 |  |   | 139 |  |
| Other liabilities                                                | 54 |  |   | 35 |  |
| Total liabilities                                                | 2,414 |  |   | 1,798 |  |
| Subordinated certificates and members’ capital             | 721 |  |   | 554 |  |
| Total liabilities and members’ capital                     | $ | 3,135 |  |   | $ | 2,352 |  |
|                                                             |   |   |   |
|                                                             | For the Years Ended December 31, |
| (in millions)                                                    | 2018 |   | 2017 |
| Selected Statement of Operations Information:                    |   |   |   |  |
| Total interest and other income                                  | $ | 232 |  |   | $ | 135 |  |
| Interest expense                                                 | 116 |  |   | 63 |  |
| Other expenses                                                   | 12 |  |   | 8 |  |
| Total expenses                                                   | 128 |  |   | 71 |  |
| Net investment income                                            | 104 |  |   | 64 |  |
| Net realized and unrealized losses on investments                | (21 | ) |   | (11 | ) |
| Net increase in members’ capital resulting from operations | $ | 83 |  |   | $ | 53 |  |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (dollar amounts in millions) Portfolio Company       |   | Business Description |   | Maturity Date |   | Stated Interest Rate(1) |   | Principal Amount |   | FairValue(2) |
| 42 North Dental, LLC (fka Gentle Communications, LLC (3)) |   | Dental services provider |   | 5/2022 |   | 8.4 | % |   | 126.8 |  |   | $ | 126.8 |  |
| ADCS Billings Intermediate Holdings, LLC (3)              |   | Dermatology practice |   | 5/2022 |   | 8.3 | % |   | 78.6 |  |   | 76.3 |  |
| AEP Holdings, Inc. (3)(4)                                 |   | Distributor of non-discretionary, mission-critical aftermarket replacement parts |   | 8/2021 |   | 8.5 | % |   | 160.0 |  |   | 156.8 |  |
| BakeMark Holdings, Inc. (3)                               |   | Manufacturer and distributor of specialty bakery ingredients |   | 8/2023 |   | 7.8 | % |   | 247.8 |  |   | 247.7 |  |
| Center for Autism and Related Disorders, LLC (3)          |   | Autism treatment and services provider specializing in applied behavior analysis therapy |   | 12/2022 |   | 6.5 | % |   | 119.0 |  |   | 117.8 |  |
| Chariot Acquisition, LLC (3)                              |   | Aftermarket golf cart parts and accessories |   | 9/2021 |   | 9.3 | % |   | 102.5 |  |   | 101.5 |  |
| Chesapeake Research Review, LLC (3)                       |   | Provider of central institutional review boards over clinical trials |   | 11/2023 |   | 8.6 | % |   | 198.4 |  |   | 198.4 |  |
| D4C Dental Brands, Inc. (3)                               |   | Dental services provider |   | 12/2022 |   | 9.0 | % |   | 161.1 |  |   | 161.1 |  |
| Emergency Communications Network, LLC (3)                 |   | Provider of mission critical emergency mass notification solutions |   | 6/2023 |   | 8.8 | % |   | 221.2 |  |   | 214.7 |  |
| EN Engineering, LLC (3)                                   |   | National utility services firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets |   | 6/2021 |   | 7.0 | % |   | 86.4 |  |   | 86.4 |  |
| Excelligence Holdings Corporation (3)                     |   | Developer, manufacturer and retailer of educational products |   | 4/2023 |   | 8.5 | % |   | 147.6 |  |   | 127.2 |  |
| Infogix, Inc. (3)(4)                                      |   | Enterprise data analytics and integrity software solutions provider |   | 4/2024 |   | 8.8 | % |   | 126.8 |  |   | 126.8 |  |
| ISS Compressors Industries, Inc.                          |   | Provider of repairs, refurbishments and services to the broader industrial end user markets |   | 6/2020 |   | 9.4 | % |   | 76.4 |  |   | 76.4 |  |
| KeyImpact Holdings, Inc. (4)                              |   | Foodservice sales and marketing agency |   | 11/2021 |   | 8.7 | % |   | 74.8 |  |   | 74.8 |  |
| Nordco Inc. (3)                                           |   | Railroad maintenance-of-way machinery |   | 8/2020 |   | 8.9 | % |   | 110.1 |  |   | 105.7 |  |
| Pegasus Intermediate Holdings, LLC (3)                    |   | Provider of plant maintenance and scheduling software |   | 11/2022 |   | 8.5 | % |   | 176.2 |  |   | 176.2 |  |
| Penn Detroit Diesel Allison LLC                           |   | Distributor of aftermarket parts to the heavy-duty truck industry |   | 12/2021 |   | 8.8 | % |   | 78.4 |  |   | 78.4 |  |
| SM Wellness Holdings, Inc. and SM Holdco, Inc. (3)(4)     |   | Breast cancer screening provider |   | 8/2024 |   | 8.0 | % |   | 213.0 |  |   | 211.9 |  |
| TDG Group Holding Company (3)(4)                          |   | Operator of multiple franchise concepts primarily related to home maintenance or repairs |   | 5/2024 |   | 8.3 | % |   | 248.8 |  |   | 246.3 |  |
| Towne Holdings, Inc.                                      |   | Parking management and hospitality services provider |   | 5/2022 |   | 7.8 | % |   | 131.3 |  |   | 131.3 |  |
| Woodstream Corporation (3)                                |   | Pet products manufacturer |   | 5/2022 |   | 8.9 | % |   | 201.0 |  |   | 200.9 |  |
|                                                      |   |   |   |   |   |   |   | $ | 3,086.2 |  |   | $ | 3,043.4 |  |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (1) | Represents the weighted average annual stated interest rate as of December 31, 2018. All interest rates are payable in cash. |

|     |                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents the fair value in accordance with Accounting Standards Codification 820-10. The determination of such fair value is not included in our board of directors valuation process described elsewhere herein. |

|     |                                                                                |
|-----|--------------------------------------------------------------------------------|
| (3) | We also hold a portion of this company’s first lien senior secured loan. |

|     |                                               |
|-----|-----------------------------------------------|
| (4) | We hold an equity investment in this company. |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (dollar amounts in millions) Portfolio Company |   | Business Description |   | Maturity Date |   | Stated Interest Rate(1) |   | Principal Amount |   | FairValue(2) |
| ADCS Billings Intermediate Holdings, LLC (3)        |   | Dermatology practice |   | 5/2022 |   | 7.4 | % |   | $ | 79.4 |  |   | $ | 77.8 |  |
| AEP Holdings, Inc. (3)(4)                           |   | Distributor of non-discretionary, mission-critical aftermarket replacement parts |   | 8/2021 |   | 7.2 | % |   | 136.6 |  |   | 136.6 |  |
| AMCP Clean Acquisition Company, LLC                 |   | Outsourced linen and laundry services provider |   | 7/2020 |   | 8.8 | % |   | 100.7 |  |   | 100.7 |  |
| BakeMark Holdings, Inc. (3)                         |   | Manufacturer and distributor of specialty bakery ingredients |   | 8/2023 |   | 6.9 | % |   | 200.0 |  |   | 200.0 |  |
| Chariot Acquisition, LLC (3)                        |   | Aftermarket golf cart parts and accessories |   | 9/2021 |   | 7.9 | % |   | 103.6 |  |   | 101.5 |  |
| Chesapeake Research Review, LLC (3)                 |   | Provider of central institutional review boards over clinical trials |   | 11/2023 |   | 7.1 | % |   | 200.0 |  |   | 198.0 |  |
| D4C Dental Brands, Inc. (3)(4)                      |   | Dental services provider |   | 12/2022 |   | 7.9 | % |   | 115.6 |  |   | 115.6 |  |
| Emergency Communications Network, LLC (3)           |   | Provider of mission critical emergency mass notification solutions |   | 6/2023 |   | 7.8 | % |   | 199.0 |  |   | 197.0 |  |
| EN Engineering, LLC (3)                             |   | National utility services firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets |   | 6/2021 |   | 7.7 | % |   | 77.2 |  |   | 77.2 |  |
| Excelligence Learning Corporation (3)               |   | Developer, manufacturer and retailer of educational products |   | 4/2023 |   | 7.6 | % |   | 149.3 |  |   | 143.3 |  |
| Gentle Communications, LLC (3)                      |   | Dental services provider |   | 5/2022 |   | 7.9 | % |   | 113.6 |  |   | 113.6 |  |
| ISS Compressors Industries, Inc.                    |   | Provider of repairs, refurbishments and services to the broader industrial end user markets |   | 6/2018 |   | 7.8 | % |   | 77.3 |  |   | 77.3 |  |
| KeyImpact Holdings, Inc. (4)                        |   | Foodservice sales and marketing agency |   | 11/2021 |   | 7.7 | % |   | 75.5 |  |   | 75.5 |  |
| Nordco Inc. (3)                                     |   | Railroad maintenance-of-way machinery |   | 8/2020 |   | 7.6 | % |   | 111.1 |  |   | 103.4 |  |
| Pegasus Intermediate Holdings, LLC (3)              |   | Provider of plant maintenance and scheduling software |   | 11/2022 |   | 7.6 | % |   | 90.5 |  |   | 90.5 |  |
| Penn Detroit Diesel Allison LLC                     |   | Distributor of aftermarket parts to the heavy-duty truck industry |   | 12/2021 |   | 7.8 | % |   | 79.2 |  |   | 79.2 |  |
| Towne Holdings, Inc. (3)                            |   | Parking management and hospitality services provider |   | 5/2022 |   | 7.1 | % |   | 111.0 |  |   | 111.0 |  |
| TWH Water Treatment Industries, Inc.                |   | Wastewater infrastructure repair, treatment and filtration holding company |   | 11/2019 |   | 8.4 | % |   | 97.5 |  |   | 97.5 |  |
| Woodstream Corporation (3)                          |   | Pet products manufacturer |   | 5/2022 |   | 7.8 | % |   | 199.0 |  |   | 199.0 |  |
|                                                |   |   |   |   |   |   |   | $ | 2,316.1 |  |   | $ | 2,294.7 |  |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (1) | Represents the weighted average annual stated interest rate as of December 31, 2017. All interest rates are payable in cash. |

|     |                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents the fair value in accordance with Accounting Standards Codification 820-10. The determination of such fair value is not included in our board of directors valuation process described elsewhere herein. |

|     |                                                                                |
|-----|--------------------------------------------------------------------------------|
| (3) | We also hold a portion of this company’s first lien senior secured loan. |

|     |                                               |
|-----|-----------------------------------------------|
| (4) | We hold an equity investment in this company. |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                  | For the Years Ended December 31, |
| (in millions)                                                                         | 2018 |  | 2017 |  | 2016 |
| Total investment income                                                               | $ | 1,337 |  |   | $ | 1,160 |  |   | $ | 1,012 |  |
| Total expenses, net of waiver of income based fees                                    | 624 |  |   | 630 |  |   | 497 |  |
| Net investment income before income taxes                                             | 713 |  |   | 530 |  |   | 515 |  |
| Income tax expense, including excise tax                                              | 19 |  |   | 19 |  |   | 21 |  |
| Net investment income                                                                 | 694 |  |   | 511 |  |   | 494 |  |
| Net realized gains on investments and foreign currency transactions                   | 419 |  |   | 24 |  |   | 110 |  |
| Net unrealized gains (losses) on investments, foreign currency and other transactions | (255 | ) |   | 136 |  |   | (130 | ) |
| Realized losses on extinguishment of debt                                             | — |  |   | (4 | ) |   | — |  |
| Net increase in stockholders’ equity resulting from operations                  | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |  |  |  |  |  |  |
|                             | For the Years Ended December 31, |
| (in millions)                    | 2018 |   | 2017 |   | 2016 |
| Interest income from investments | $ | 1,041 |  |   | $ | 951 |  |   | $ | 806 |  |
| Capital structuring service fees | 143 |  |   | 105 |  |   | 99 |  |
| Dividend income                  | 97 |  |   | 76 |  |   | 75 |  |
| Other income                     | 56 |  |   | 28 |  |   | 32 |  |
| Total investment income          | $ | 1,337 |  |   | $ | 1,160 |  |   | $ | 1,012 |  |

----

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |  |  |  |  |  |
|                                                                          | For the Years Ended December 31, |
| (in millions)                                                                 | 2018 |   | 2017 |   | 2016 |
| Interest and credit facility fees                                             | $ | 240 |  |   | $ | 225 |  |   | $ | 186 |  |
| Base management fees                                                          | 180 |  |   | 171 |  |   | 137 |  |
| Income based fees                                                             | 169 |  |   | 134 |  |   | 123 |  |
| Capital gains incentive fees                                                  | 33 |  |   | 41 |  |   | (5 | ) |
| Administrative fees                                                           | 13 |  |   | 12 |  |   | 14 |  |
| Professional fees and other costs related to the American Capital Acquisition | 3 |  |   | 45 |  |   | 15 |  |
| Other general and administrative                                              | 26 |  |   | 32 |  |   | 27 |  |
| Total operating expenses                                                      | 664 |  |   | 660 |  |   | 497 |  |
| Waiver of income based fees                                                   | (40 | ) |   | (30 | ) |   | — |  |
| Total expenses, net of waiver of income based fees                            | $ | 624 |  |   | $ | 630 |  |   | $ | 497 |  |

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |  |  |  |  |  |  |  |
|                                       | For the Years Ended December 31, |
| (in millions)                              | 2018 |   | 2017 |   | 2016 |
| Stated interest expense                    | $ | 200 |  |   | $ | 189 |  |   | $ | 161 |  |
| Facility fees                              | 17 |  |   | 12 |  |   | 5 |  |
| Amortization of debt issuance costs        | 18 |  |   | 18 |  |   | 14 |  |
| Net accretion of discount on notes payable | 5 |  |   | 6 |  |   | 6 |  |
| Total interest and credit facility fees    | $ | 240 |  |   | $ | 225 |  |   | $ | 186 |  |

----

----

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |  |  |  |  |
|                                         | For the Years Ended December 31, |   |
| (in millions)                                | 2018 |   | 2017 |   | 2016 |   |
| Sales, repayments or exits of investments(1) | $ | 6,780 |  |   | $ | 7,037 |  | (2) | $ | 3,749 |  | (3) |
| Net realized gains on investments:           |   |   |   |   |   |   |
| Gross realized gains                         | $ | 465 |  |   | $ | 281 |  |   | $ | 121 |  |   |
| Gross realized losses                        | (59 | ) |   | (237 | ) |   | (11 | ) |   |
| Total net realized gains on investments      | $ | 406 |  | (4) | $ | 44 |  | (4) | $ | 110 |  |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes $472 million, $134 million and $472 million of investments sold to IHAM and certain vehicles managed by IHAM during the years ended December 31, 2018, 2017 and 2016, respectively. A net realized loss of $0 million was recorded on these transactions with IHAM during the year ended December 31, 2018. A net realized loss of $0 million was recorded on these transactions with IHAM during the year ended December 31, 2017. A net realized gain of $1 million was recorded on these transactions with IHAM for the year ended December 31, 2016. See Note 4 to our consolidated financial statements for the year ended December 31, 2018 for more detail on IHAM and its managed vehicles. |

|     |                                                                                               |
|-----|-----------------------------------------------------------------------------------------------|
| (2) | Includes the $1.5 billion of proceeds from the SSLP Liquidation Distribution discussed above. |

|     |                                                                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Includes $474 million of investments sold to the SDLP in conjunction with the initial funding of the SDLP. No realized gains or losses were recorded on these transactions with the SDLP. |

|     |                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Includes approximately $342 million and $85 million of net realized gains on investments acquired as part of the American Capital Acquisition during the years ended December 31, 2018 and 2017, respectively. |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |
| (in millions)Portfolio Company             |   | Net Realized Gains (Losses) |
| Alcami Holdings, LLC                       |   | $ | 324 |  |
| Accruent, LLC                              |   | 27 |  |
| Varsity Brands Holding Co., Inc.           |   | 14 |  |
| Imperial Capital Private Opportunities, LP |   | 12 |  |
| Acrisure, LLC                              |   | 8 |  |
| EcoMotors, Inc.                            |   | (9 | ) |
| Things Remembered, Inc.                    |   | (16 | ) |
| Other, net                                 |   | 46 |  |
| Total, net                                 |   | $ | 406 |  |

|                                    |
|------------------------------------|
|                                    |  |  |  |  |
| (in millions)Portfolio Company     |   | Net Realized Gains (Losses) |
| Bellotto Holdings Limited          |   | $ | 58 |  |
| 10th Street, LLC                   |   | 34 |  |
| Community Education Centers, Inc.  |   | 24 |  |
| Tectum Holdings, Inc.              |   | 17 |  |
| American Broadband Holding Company |   | 15 |  |
| NECCO Realty Investments LLC       |   | 13 |  |
| GHX Ultimate Parent Corporation    |   | 11 |  |
| Wilcon Holdings LLC                |   | 10 |  |
| La Paloma Generating Company, LLC  |   | (9 | ) |
| Pegasus Community Energy, LLC      |   | (9 | ) |
| The Greeley Company, Inc.          |   | (12 | ) |
| Senior Secured Loan Fund LLC       |   | (18 | ) |
| Competitor Group, Inc.             |   | (21 | ) |
| Infilaw Holding, LLC               |   | (140 | ) |
| Other, net                         |   | 71 |  |
| Total, net                         |   | $ | 44 |  |

----

|                                         |
|-----------------------------------------|
|                                         |  |  |  |  |
| (in millions)Portfolio Company          |   | Net RealizedGains (Losses) |
| The Step2 Company, LLC                  |   | $ | 18 |  |
| Napa Management Services Corporation    |   | 16 |  |
| UL Holding Co., LLC                     |   | 13 |  |
| Physiotherapy Associates Holdings, Inc. |   | 8 |  |
| Q9 Holdings Inc.                        |   | (9 | ) |
| Other, net                              |   | 64 |  |
| Total, net                              |   | $ | 110 |  |

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | For the Years Ended December 31, |
| (in millions)                                                                                  | 2018 |   | 2017 |   | 2016 |
| Unrealized appreciation                                                                        | $ | 137 |  |   | $ | 331 |  |   | $ | 168 |  |
| Unrealized depreciation                                                                        | (275 | ) |   | (301 | ) |   | (306 | ) |
| Net unrealized (appreciation) depreciation reversed related to net realized gains or losses(1) | (133 | ) |   | 113 |  |   | 13 |  |
| Total net unrealized gains (losses)                                                            | $ | (271 | ) |   | $ | 143 |  |   | $ | (125 | ) |

|     |                                                                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The net unrealized (appreciation) depreciation reversed related to net realized gains or losses represents the unrealized appreciation or depreciation recorded on the related asset at the end of the prior period. |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |
| (in millions)Portfolio Company |   | Net Unrealized Appreciation (Depreciation) |
| OTG Management, LLC                 |   | $ | 25 |  |
| PERC Holdings 1 LLC                 |   | 11 |  |
| Absolute Dental Management LLC      |   | (9 | ) |
| SCM Insurance Services Inc.         |   | (10 | ) |
| ADF Capital, Inc.                   |   | (11 | ) |
| Teasdale Foods, Inc.                |   | (11 | ) |
| R3 Education Inc.                   |   | (12 | ) |
| Eckler Industries, Inc.             |   | (13 | ) |
| Indra Holdings Corp.                |   | (15 | ) |
| Singer Sewing Company               |   | (15 | ) |
| New Trident Holdcorp, Inc.          |   | (49 | ) |
| Other, net                          |   | (29 | ) |
| Total, net                          |   | $ | (138 | ) |

----

|                                            |
|--------------------------------------------|
|                                            |  |  |  |  |
| (in millions)Portfolio Company        |   | Net Unrealized Appreciation (Depreciation) |
| Alcami Holdings, LLC                       |   | $ | 167 |  |
| Ivy Hill Asset Management, L.P.            |   | 13 |  |
| Columbo MidCo Limited                      |   | 13 |  |
| CCS Intermediate Holdings, LLC             |   | 12 |  |
| Imperial Capital Private Opportunities, LP |   | 11 |  |
| Ciena Capital LLC                          |   | 11 |  |
| Singer Sewing Company                      |   | (9 | ) |
| Shock Doctor, Inc.                         |   | (9 | ) |
| Indra Holdings Corp.                       |   | (15 | ) |
| ADF Capital, Inc.                          |   | (16 | ) |
| Instituto de Banca y Comercio, Inc.        |   | (23 | ) |
| New Trident Holdcorp, Inc.                 |   | (45 | ) |
| Other, net                                 |   | (80 | ) |
| Total, net                                 |   | $ | 30 |  |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |
| (in millions)Portfolio Company      |   | Net UnrealizedAppreciation(Depreciation) |
| Senior Secured Loan Fund LLC        |   | $ | 26 |  |
| UL Holding Co., LLC                 |   | 20 |  |
| Community Education Centers, Inc.   |   | 19 |  |
| ADF Capital, Inc.                   |   | (9 | ) |
| 10th Street, LLC                    |   | (9 | ) |
| Indra Holdings Corp.                |   | (11 | ) |
| CCS Intermediate Holdings, LLC      |   | (22 | ) |
| Instituto de Banca y Comercio, Inc. |   | (52 | ) |
| Infilaw Holdings, LLC               |   | (127 | ) |
| Other, net                          |   | 27 |  |
| Total, net                          |   | $ | (138 | ) |

----

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                       | As of December 31, |   |
|                       | 2018 |   | 2017 |   |
| (in millions)              | TotalAggregatePrincipalAmountAvailable/Outstanding(1) |   | Principal Amount Outstanding |   | CarryingValue |   | TotalAggregatePrincipalAmountAvailable/Outstanding(1) |   | Principal Amount Outstanding |   | CarryingValue |   |
| Revolving Credit Facility  | $ | 2,133 |  | (2) | $ | 1,064 |  |   | $ | 1,064 |  |   | $ | 2,108 |  |   | $ | 395 |  |   | $ | 395 |  |   |
| Revolving Funding Facility | 1,000 |  |   | 520 |  |   | 520 |  |   | 1,000 |  |   | 600 |  |   | 600 |  |   |
| SMBC Funding Facility      | 400 |  |   | 245 |  |   | 245 |  |   | 400 |  |   | 60 |  |   | 60 |  |   |
| SBA Debentures             | — |  |   | — |  |   | — |  |   | 50 |  |   | — |  |   | — |  |   |
| 2018 Convertible Notes     | — |  |   | — |  |   | — |  |   | 270 |  |   | 270 |  |   | 270 |  | (3) |
| 2019 Convertible Notes     | 300 |  |   | 300 |  |   | 300 |  | (3) | 300 |  |   | 300 |  |   | 298 |  | (3) |
| 2022 Convertible Notes     | 388 |  |   | 388 |  |   | 372 |  | (3) | 388 |  |   | 388 |  |   | 368 |  | (3) |
| 2018 Notes                 | — |  |   | — |  |   | — |  |   | 750 |  |   | 750 |  |   | 748 |  | (4) |
| 2020 Notes                 | 600 |  |   | 600 |  |   | 598 |  | (5) | 600 |  |   | 600 |  |   | 597 |  | (5) |
| 2022 Notes                 | 600 |  |   | 600 |  |   | 595 |  | (6) | 600 |  |   | 600 |  |   | 593 |  | (6) |
| 2023 Notes                 | 750 |  |   | 750 |  |   | 744 |  | (7) | 750 |  |   | 750 |  |   | 743 |  | (7) |
| 2025 Notes                 | 600 |  |   | 600 |  |   | 593 |  | (8) | — |  |   | — |  |   | — |  |   |
| 2047 Notes                 | 230 |  |   | 230 |  |   | 183 |  | (9) | 230 |  |   | 230 |  |   | 182 |  | (9) |
| Total                      | $ | 7,001 |  |   | $ | 5,297 |  |   | $ | 5,214 |  |   | $ | 7,446 |  |   | $ | 4,943 |  |   | $ | 4,854 |  |   |

|     |                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Subject to borrowing base, leverage and other restrictions. Represents the total aggregate amount committed or outstanding, as applicable, under such instrument. |

|           |                                                                                                                                                                                |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2)  | Provides for a feature that allows us, under certain circumstances, to increase the size of the Revolving Credit Facility (as defined below) to a maximum of $3.1 billion. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Represents the aggregate principal amount outstanding of the Convertible Unsecured Notes (as defined below). As of December 31, 2018, the total unamortized debt issuance costs and the unaccreted discount for the 2019 Convertible Notes and the 2022 Convertible Notes (each as defined below) were $0 million and $16 million, respectively. As of December 31, 2017, the total unamortized debt issuance costs and the unaccreted discount for the 2018 Convertible Notes, the 2019 Convertible Notes and the 2022 Convertible Notes were $0 million, $2 million and $20 million, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Represents the aggregate principal amount outstanding of the 2018 Notes (as defined below) less unamortized debt issuance costs and plus the net unamortized premium that was recorded upon the issuances of the 2018 Notes. As of December 31, 2017, the total unamortized debt issuance costs less the net unamortized premium was $2 million. |

|     |                                                                                                                                                                                                                                                                                                                                                                             |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Represents the aggregate principal amount outstanding of the 2020 Notes (as defined below) less unamortized debt issuance costs and the net unaccreted discount recorded upon the issuances of the 2020 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the net unaccreted discount was $2 million and $3 million, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Represents the aggregate principal amount outstanding of the 2022 Notes (as defined below), less unamortized debt issuance costs and the net unaccreted discount recorded upon the issuances of the 2022 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the net unaccreted discount were $5 million and $7 million, respectively. |

----

|     |                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Represents the aggregate principal amount outstanding of the 2023 Notes (as defined below), less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2023 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the unaccreted discount was $6 million and $7 million, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | Represents the aggregate principal amount outstanding of the 2025 Notes (as defined below), less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2025 Notes. As of December 31, 2018, the total unamortized debt issuance costs and the unaccreted discount was $7 million. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | Represents the aggregate principal amount outstanding of the 2047 Notes (as defined below) less the unaccreted purchased discount recorded as a part of the acquisition of Allied Capital in April 2010 (“the Allied Acquisition”). As of December 31, 2018 and 2017, the total unaccreted purchased discount was $47 million and $48 million, respectively. The carrying value represents the outstanding principal amount of the 2047 Notes less the unaccreted purchased discount recorded as a part of the Allied Acquisition. |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |
|                                                                 | 2019 Convertible Notes |   | 2022 Convertible Notes |   |
| Conversion premium                                                   | 15.0 |  | % | 15.0 |  | % |
| Closing stock price at issuance                                      | $ | 17.53 |  |   | $ | 16.86 |  |   |
| Closing stock price date                                             | July 15, 2013 |  |   | January 23, 2017 |  |   |
| Conversion price(1)                                                  | $ | 19.96 |  |   | $ | 19.37 |  |   |
| Conversion rate (shares per one thousand dollar principal amount)(1) | 50.0897 |  |   | 51.6380 |  |   |
| Conversion dates                                                     | July 15, 2018 |  |   | August 1, 2021 |  |   |

|           |                                                                                                                                                                                            |
|-----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1)  | Represents conversion price and conversion rate, as applicable, as of December 31, 2018, taking into account certain de minimis adjustments that will be made on the conversion date. |

----

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | Payments Due by Period |   |
| (in millions)                  | Total |   | Less than1 year |   | 1-3 years |   | 3-5 years |   | After5 years |   |
| Revolving Credit Facility      | $ | 1,064 |  |   | $ | — |  |   | $ | 17 |  |   | $ | 1,047 |  | (1) | $ | — |  |   |
| Revolving Funding Facility     | 520 |  |   | — |  |   | — |  |   | — |  | (2) | 520 |  |   |
| SMBC Funding Facility          | 245 |  |   | — |  |   | — |  |   | — |  |   | 245 |  | (3) |
| 2019 Convertible Notes         | 300 |  |   | 300 |  |   | — |  |   | — |  |   | — |  |   |
| 2022 Convertible Notes         | 388 |  |   | — |  |   | — |  |   | 388 |  |   | — |  |   |
| 2020 Notes                     | 600 |  |   | — |  |   | 600 |  |   | — |  |   | — |  |   |
| 2022 Notes                     | 600 |  |   | — |  |   | — |  |   | 600 |  |   | — |  |   |
| 2023 Notes                     | 750 |  |   | — |  |   | — |  |   | 750 |  |   | — |  |   |
| 2025 Notes                     | 600 |  |   | — |  |   | — |  |   | — |  |   | 600 |  |   |
| 2047 Notes                     | 230 |  |   | — |  |   | — |  |   | — |  |   | 230 |  |   |
| Operating lease obligations(4) | 159 |  |   | 25 |  |   | 48 |  |   | 49 |  |   | 37 |  |   |
|                           | $ | 5,456 |  |   | $ | 325 |  |   | $ | 665 |  |   | $ | 2,834 |  |   | $ | 1,632 |  |   |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The Revolving Credit Facility consists of a $414 million term loan tranche with a stated maturity date of March 30, 2023 and a $1,719 million revolving tranche. For $1,624 million of the revolving tranche, the end of the revolving period and the stated maturity date are March 30, 2022 and March 30, 2023, respectively. For $50 million of the revolving tranche, the end of the revolving period and the stated maturity date are January 4, 2021 and January 4, 2022, respectively. For the remaining $45 million of the revolving tranche, the end of the revolving period and the stated maturity date are May 4, 2019 and May 4, 2020, respectively. We are required to repay any outstanding principal amounts under such revolving tranche on a monthly basis equal to 1/12th of the outstanding principal amount at the end of the revolving period. |

|     |                                                                                                                                                                                                                                                                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | As of December 31, 2018, the end of the reinvestment period for the Revolving Funding Facility was January 3, 2022. Subsequent to the end of this reinvestment period and prior to the stated maturity date of January 3, 2024, any principal proceeds from sales and repayments of loan assets held by Ares Capital CP will be used to repay the aggregate principal amount outstanding. |

|     |                                                                                                                                                                                                                                                                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | As of December 31, 2018, the end of the reinvestment period for the SMBC Funding Facility was September 14, 2019. Subsequent to the end of this reinvestment period and prior to the stated maturity date of September 14, 2024, any principal proceeds from sales and repayments of loan assets held by ACJB will be used to repay the aggregate principal amount outstanding. |

|     |                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | We are obligated under a number of operating leases and subleases to pay for office spaces with terms ranging from less than one year to more than 5 years. See Note 7 to our consolidated financial statements for the year ended December 31, 2018 for more information on our lease obligations. |

----

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |  |  |  |  |  |
|                                                                               | As of December 31, |
| (in millions)                                                                      | 2018 |   | 2017 |
| Total revolving and delayed draw loan commitments                                  | $ | 1,915 |  |   | $ | 881 |  |
| Less: drawn commitments                                                            | (377 | ) |   | (201 | ) |
| Total undrawn commitments                                                          | 1,538 |  |   | 680 |  |
| Less: commitments substantially at our discretion                                  | (6 | ) |   | (11 | ) |
| Less: unavailable commitments due to borrowing base or other covenant restrictions | — |  |   | — |  |
| Total net adjusted undrawn revolving and delayed draw loan commitments             | $ | 1,532 |  |   | $ | 669 |  |

|                                                               |
|---------------------------------------------------------------|
|                                                               |  |  |  |  |  |  |  |
|                                                          | As of December 31, |
| (in millions)                                                 | 2018 |   | 2017 |
| Total private equity commitments                              | $ | 114 |  |   | $ | 111 |  |
| Less: funded private equity commitments                       | (73 | ) |   | (62 | ) |
| Total unfunded private equity commitments                     | 41 |  |   | 49 |  |
| Less: private equity commitments substantially our discretion | (41 | ) |   | (48 | ) |
| Total net adjusted unfunded private equity commitments        | $ | — |  |   | $ | 1 |  |

----

----

|         |                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our quarterly valuation process begins with each portfolio company or investment being initially valued by the investment professionals responsible for the portfolio investment in conjunction with our portfolio management team. |

|         |                                                                                                                                                                                                            |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Preliminary valuations are reviewed and discussed with our investment adviser’s management and investment professionals, and then valuation recommendations are presented to our board of directors. |

|         |                                                                                                                                                                                                                                                       |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The audit committee of our board of directors reviews these valuations, as well as the input of third parties, including independent third‐party valuation firms who have reviewed a portion of the investments in our portfolio at fair value. |

|         |                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Our board of directors discusses valuations and ultimately determines the fair value of each investment in our portfolio without a readily available market quotation in good faith based on, among other things, the input of our investment adviser, audit committee and, where applicable, independent third‐party valuation firms. |

----

|         |                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1 - Valuations based on quoted prices in active markets for identical assets or liabilities that we have the ability to access. |

|         |                                                                                                                                                                    |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2 - Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |

|         |                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------|
| • | Level 3 - Valuations based on inputs that are unobservable and significant to the overall fair value measurement. |

----

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Basis Point Change |   | InterestIncome |   | InterestExpense(1) |   | NetIncome(2) |
| Up 300 basis points                       |   | $ | 316 |  |   | $ | 43 |  |   | $ | 273 |  |
| Up 200 basis points                       |   | $ | 214 |  |   | $ | 29 |  |   | $ | 185 |  |
| Up 100 basis points                       |   | $ | 107 |  |   | $ | 14 |  |   | $ | 93 |  |
| Down 100 basis points                     |   | $ | (107 | ) |   | $ | (14 | ) |   | $ | (93 | ) |
| Down 200 basis points                     |   | $ | (188 | ) |   | $ | (29 | ) |   | $ | (159 | ) |
| Down 300 basis points                     |   | $ | (173 | ) |   | $ | (36 | ) |   | $ | (137 | ) |

|     |                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------|
| (1) | Includes the impact of the interest rate swap (discussed above) as a result of changes in interest rates. |

|     |                                                                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Excludes the impact of income based fees. See Note 3 to our consolidated financial statements for the year ended December 31, 2018 for more information on the income based fees. |

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Basis Point Change |   | InterestIncome |   | InterestExpense (1) |   | NetIncome(2) |
| Up 300 basis points                       |   | $ | 289 |  |   | $ | 20 |  |   | $ | 269 |  |
| Up 200 basis points                       |   | $ | 192 |  |   | $ | 13 |  |   | $ | 179 |  |
| Up 100 basis points                       |   | $ | 96 |  |   | $ | 7 |  |   | $ | 89 |  |
| Down 100 basis points                     |   | $ | (44 | ) |   | $ | (7 | ) |   | $ | (37 | ) |
| Down 200 basis points                     |   | $ | (37 | ) |   | $ | (10 | ) |   | $ | (27 | ) |
| Down 300 basis points                     |   | $ | (38 | ) |   | $ | (10 | ) |   | $ | (28 | ) |

|     |                                                                                                                                                                                           |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Excludes the impact of income based fees. See Note 3 to our consolidated financial statements for the year ended December 31, 2018 for more information on the income based fees. |

----

----

----

|    |                                                                                                 |
|----|-------------------------------------------------------------------------------------------------|
| 1. | Financial Statements—See the Index to Consolidated Financial Statements on Page F-1. |

|    |                                                                                                                                                                                                                                                     |
|----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| 2. | Financial Statement Schedules—None. We have omitted financial statement schedules because they are not required or are not applicable, or the required information is shown in the financial statements or notes to the financial statements. |

|    |           |
|----|-----------|
| 3. | Exhibits. |

|        |
|--------|
|        |  |
| Number | Document |
| 3.1    | Articles of Amendment and Restatement, as amended(1) |
| 3.2    | Third Amended and Restated Bylaws, as amended* |
| 4.1    | Form of Stock Certificate(2) |
| 4.2    | Form of Subscription Certificate(3) |
| 4.3    | Indenture, dated June 16, 2006, between Allied Capital Corporation and The Bank of New York, as trustee(4) |
| 4.4    | Form of Note under the Indenture, dated June 16, 2006, between Allied Capital Corporation and The Bank of New York, as trustee(5) |
| 4.5    | Third Supplemental Indenture, dated as of March 28, 2007, between Allied Capital Corporation and The Bank of New York, as trustee(5) |
| 4.6    | Form of 6.875% Notes due 2047(5) |
| 4.7    | Fourth Supplemental Indenture, dated as of April 1, 2010, among Ares Capital Corporation, Allied Capital Corporation and The Bank of New York Mellon, as trustee(6) |
| 4.8    | Indenture, dated as of October 21, 2010, between Ares Capital Corporation and U.S. Bank National Association, as trustee(7) |
| 4.9    | Fourth Supplemental Indenture, dated as of November 19, 2013, relating to the 4.875% Senior Notes due 2018, between Ares Capital Corporation and U.S. Bank National Association, as trustee(8) |
| 4.10   | Form of 4.875% Senior Notes due 2018(8) |
| 4.11   | Fifth Supplemental Indenture, dated as of November 21, 2014, relating to the 3.875% Notes due 2020, between Ares Capital Corporation and U.S. Bank National Association, as trustee(9) |
| 4.12   | Form of 3.875% Notes due 2020(9) |
| 4.13   | Sixth Supplemental Indenture, dated as of September 19, 2016, relating to the 3.625% Notes due 2022, between Ares Capital Corporation and U.S. Bank National Association, as trustee(10) |
| 4.14   | Form of 3.625% Notes due 2022(10) |
| 4.15   | Seventh Supplemental Indenture, dated as of August 10, 2017, relating to the 3.500% Notes due 2023, between Ares Capital Corporation and U.S. Bank National Association, as trustee(11) |
| 4.16   | Form of 3.500% Notes due 2023(11) |
| 4.17   | Eighth Supplemental Indenture, dated as of January 11, 2018, relating to the 4.250% Notes due 2025, between Ares Capital Corporation and U.S. Bank National Association, as trustee(12) |
| 4.18   | Form of 4.250% Notes due 2025(12) |
| 4.19   | Indenture, dated as of October 10, 2012, between Ares Capital Corporation and U.S. Bank National Association, as trustee(13) |
| 4.20   | Form of 4.75% Convertible Senior Notes due 2018(13) |
| 4.21   | Indenture, dated as of July 19, 2013, between Ares Capital Corporation and U.S. Bank National Association, as trustee(14) |
| 4.22   | Form of 4.375% Convertible Senior Notes due 2019(14) |
| 4.23   | Indenture, dated as of January 27, 2017, between Ares Capital Corporation and U.S. Bank National Association, as trustee(15) |
| 4.24   | Form of 3.75% Convertible Senior Notes due 2022(15) |

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|        |
|--------|
|        |  |
| Number | Document |
| 10.1   | Dividend Reinvestment Plan of Ares Capital Corporation* |
| 10.2   | Restated Investment Advisory and Management Agreement, dated as of June 6, 2011, between Ares Capital Corporation and Ares Capital Management LLC(16) |
| 10.3   | Transaction Support and Fee Waiver Agreement, dated as of May 23, 2016, between Ares Capital Corporation and Ares Capital Management LLC(17) |
| 10.4   | Amended and Restated Administration Agreement, dated as of June 1, 2007, between Ares Capital Corporation and Ares Operations LLC(18) |
| 10.5   | Amended and Restated Custodian Agreement, dated as of May 15, 2009, between Ares Capital Corporation and U.S. Bank National Association(19) |
| 10.6   | Amendment No. 1, dated as of December 19, 2014, to the Amended and Restated Custodian Agreement dated as ofMay 15, 2009, by and among Ares Capital Corporation and U.S. Bank National Association(20) |
| 10.7   | Trademark License Agreement between Ares Capital Corporation and Ares Management LLC(21) |
| 10.8   | Form of Indemnification Agreement between Ares Capital Corporation and directors and certain officers(22) |
| 10.9   | Form of Indemnification Agreement between Ares Capital Corporation and members of Ares Capital Management LLC investment committee(22) |
| 10.10  | Amended and Restated Purchase and Sale Agreement, dated as of January 22, 2010, among Ares Capital Corporation, as seller, and Ares Capital CP Funding Holdings LLC, as purchaser(23) |
| 10.11  | Amendment No. 1 to Amended and Restated Purchase and Sale Agreement, dated as of June 7, 2012, among Ares Capital Corporation, as seller, and Ares Capital CP Funding Holdings LLC, as purchaser(24) |
| 10.12  | Second Tier Purchase and Sale Agreement, dated as of January 22, 2010, among Ares Capital CP Funding Holdings LLC, as seller, and Ares Capital CP Funding LLC, as purchaser(23) |
| 10.13  | Amendment No. 1 to Second Tier Purchase and Sale Agreement, dated as of June 7, 2012, among Ares Capital CP Funding Holdings LLC, as seller, and Ares Capital CP Funding LLC, as purchaser(24) |
| 10.14  | Amended and Restated Sale and Servicing Agreement, dated as of January 22, 2010, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer, Wachovia Bank, National Association, as note purchaser, U.S. Bank National Association, as trustee and collateral custodian, and Wells Fargo Securities, LLC, as agent(23) |
| 10.15  | Amendment No. 1 to the Amended and Restated Sale and Servicing Agreement, dated as of May 6, 2010, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer, Wells Fargo Bank, National Association, as successor by merger to Wachovia Bank as note purchaser, U.S. Bank, National Association, as trustee and collateral custodian, and Wells Fargo Securities LLC, as agent(25) |
| 10.16  | Amendment No. 2 to the Amended and Restated Sale and Servicing Agreement, dated as of January 18, 2011, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer, Wells Fargo Bank, National Association, as successor by merger to Wachovia Bank as note purchaser, U.S. Bank National Association, as trustee and collateral custodian, and Wells Fargo Securities, LLC, as agent(26) |
| 10.17  | Amendment No. 3 to the Amended and Restated Sale and Servicing Agreement, dated as of October 13, 2011, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer and as transferor, Wells Fargo Bank, National Association (as successor by merger to Wachovia Bank, National Association), as note purchaser, U.S. Bank National Association, as trustee, collateral custodian and bank and Wells Fargo Securities, LLC, as agent(27) |
| 10.18  | Amendment No. 4 to the Amended and Restated Sale and Servicing Agreement, dated as of January 18, 2012, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Wells Fargo Bank, National Association (as successor by merger to Wachovia Bank, National Association), as note purchaser, Wells Fargo Securities, LLC, as agent, and U.S. Bank National Association, as collateral custodian, trustee and bank(28) |
| 10.19  | Amendment No. 5 to the Amended and Restated Sale and Servicing Agreement, dated as of June 7, 2012, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Wells Fargo Bank, National Association (as successor by merger to Wachovia Bank, National Association), as note purchaser, Wells Fargo Securities, LLC, as agent, and U.S. Bank National Association, as collateral custodian, trustee and bank(24) |
| 10.20  | Amendment No. 6 to Loan and Servicing Agreement, dated as of January 25, 2013, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Wells Fargo Securities, LLC, as agent, Wells Fargo Bank, National Association, as swingline lender, and the other lenders party thereto (29) |
| 10.21  | Omnibus Amendment, dated as of May 14, 2014, among Ares Capital CP Funding LLC, Ares Capital CP Funding Holdings LLC, Ares Capital Corporation, Wells Fargo Bank, National Association, as swingline lender and as a lender, Wells Fargo Securities, LLC, as agent, and U.S. Bank National Association, as trustee, bank and collateral custodian (amending the Loan and Servicing Agreement, dated as of January 22, 2010, the Amended and Restated Purchase and Sale Agreement, dated as of January 22, 2010, and the Second Tier Purchase and Sale Agreement, dated as of January 22, 2010)(30) |

----

|        |
|--------|
|        |  |
| Number | Document |
| 10.22  | Amendment No. 8 to the Loan and Servicing Agreement, dated as of January 3, 2017, among Ares Capital CP Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Wells Fargo Securities, LLC, as agent, and Wells Fargo Bank, National Association, as swingline lender, and the other lenders party thereto(31) |
| 10.23  | Amendment No. 10 to Loan and Servicing Agreement, dated as of October 2, 2018, among Ares Capital CP Funding LLC, Ares Capital Corporation, Wells Fargo Bank National Association, as the agent and Wells Fargo Bank, National Association, as a lender and Bank of America, N.A.(32) |
| 10.24  | Amendment No. 11 to Loan and Servicing Agreement, dated as of December 14, 2018, among Ares Capital CP Funding LLC, Ares Capital Corporation, Wells Fargo Bank National Association, as the agent and Wells Fargo Bank, National Association, as a lender and Bank of America, N.A.(33) |
| 10.25  | Ninth Amended and Restated Senior Secured Revolving Credit Agreement, dated as of October 2, 2018, among Ares Capital Corporation, the lenders party thereto, and JPMorgan Chase Bank, N.A., as administrative agent(32) |
| 10.26  | Loan and Servicing Agreement, dated as of January 20, 2012, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, collateral agent and lender, and U.S. Bank National Association, as collateral custodian and bank(34) |
| 10.27  | Purchase and Sale Agreement, dated as of January 20, 2012, between Ares Capital JB Funding LLC, as purchaser, and Ares Capital Corporation, as seller(34) |
| 10.28  | Omnibus Amendment No. 1, dated as of September 14, 2012, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, lender and collateral agent, and U.S. Bank National Association, as collateral custodian and bank (amending the Loan and Servicing Agreement, dated as of January 20, 2012, and the Purchase and Sale Agreement, dated as of January 20, 2012)(35) |
| 10.29  | Omnibus Amendment No. 2, dated as of December 20, 2013, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, lender and collateral agent, and U.S. Bank National Association, as collateral custodian and bank (amending the Loan and Servicing Agreement, dated as of January 20, 2012, and the Purchase and Sale Agreement, dated as of January 20, 2012)(36) |
| 10.30  | Omnibus Amendment No. 3, dated as of June 30, 2015, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, lender and collateral agent, and U.S. Bank National Association, as collateral custodian and bank (amending the Loan and Servicing Agreement, dated as of January 20, 2012, and the Purchase and Sale Agreement, dated as of January 20, 2012)(37) |
| 10.31  | Omnibus Amendment No. 4, dated as of August 24, 2017, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, lender and collateral agent, and U.S. Bank National Association, as collateral custodian and bank (amending the Loan and Servicing Agreement, dated as of January 20, 2012)(38) |
| 10.32  | Omnibus Amendment No. 5, dated as of September 12, 2018, among Ares Capital JB Funding LLC, as borrower, Ares Capital Corporation, as servicer and transferor, Sumitomo Mitsui Banking Corporation, as administrative agent, lender and collateral agent, and U.S. Bank National Association, as collateral custodian and bank (amending the Loan and Servicing Agreement, dated as of January 20, 2012)(39) |
| 10.33  | Form of Underwriting Agreement for Equity Securities(40) |
| 10.34  | Form of Underwriting Agreement for Debt Securities(40) |
| 10.35  | Form of Equity Distribution Agreement(40) |
| 11.1   | Statement of Computation of Per Share Earnings(41) |
| 14.1   | Code of Ethics(42) |
| 21.1   | Subsidiaries of Ares Capital Corporation* |
| 31.1   | Certification by Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 31.2   | Certification by Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002* |
| 32.1   | Certification by Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002* |

|     |
|-----|
|     |  |
| *   | Filed herewith |
| (1) | Incorporated by reference to Exhibit 3.1 to the Company’s Form 10-K (File No. 814-00663), for the year ended December 31, 2016, filed on February 22, 2017. |

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|      |
|------|
|      |  |
| (2)  | Incorporated by reference to Exhibit (d) to the Company’s pre‐effective Amendment No. 2 to the Registration Statement under the Securities Act of 1933, as amended, on Form N‐2 (File No. 333‐114656), filed on September 28, 2004. |
| (3)  | Incorporated by reference to Exhibit (d)(4) to the Company’s pre effective Amendment No. 2 to the Registration Statement under the Securities Act of 1933, as amended, on Form N-2 (File No. 333-149139), filed on April 9, 2008. |
| (4)  | Incorporated by reference to Exhibit d.2 to Allied Capital’s Registration Statement under the Securities Act of 1933, as amended, on Form N‐2/A (File No. 333‐133755), filed on June 21, 2006. |
| (5)  | Incorporated by reference to Exhibits d.8 and d.9, as applicable, to Allied Capital’s post‐effective Amendment No. 3 to the Registration Statement under the Securities Act of 1933, as amended, on Form N‐2/A (File No. 333‐133755), filed on March 28, 2007. |
| (6)  | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on April 7, 2010. |
| (7)  | Incorporated by reference to Exhibit 4.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on October 22, 2010. |
| (8)  | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on November 19, 2013. |
| (9)  | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on November 21, 2014. |
| (10) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8-K (File No. 814-00663), filed on September 19, 2016. |
| (11) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Registrant’s Form 8-K (File No. 814-00663), filed on August 10, 2017. |
| (12) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Registrant’s Form 8-K (File No. 814-00663), filed on January 11, 2018. |
| (13) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on October 10, 2012. |
| (14) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on July 19, 2013. |
| (15) | Incorporated by reference to Exhibits 4.1 and 4.2, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on January 27, 2017. |
| (16) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on June 8, 2011. |
| (17) | Incorporated by reference to Exhibit 99.1 to the Company’s Form 8-K (File No. 814-00663), filed May 26, 2016. |
| (18) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 10‐Q (File No. 814‐00663) for the quarter ended June 30, 2007, filed on August 9, 2007. |
| (19) | Incorporated by reference to Exhibit (j) to the Company’s pre‐effective Amendment No. 1 to the Registration Statement under the Securities Act of 1933, as amended, on Form N‐2 (File No. 333‐158211), filed on May 28, 2009. |
| (20) | Incorporated by reference to Exhibit 10.5 to the Company’s Form 10‐K (File No. 814‐00663) for the year ended December 31, 2014, filed on February 26, 2015. |
| (21) | Incorporated by reference to Exhibit 99(K)(3) to the Company’s pre-effective Amendment No. 1 to the Registration Statement under the Securities Act of 1933, as amended, on Form N-2 (File No. 333-114656), filed on September 17, 2004. |
| (22) | Incorporated by reference to Exhibits (k)(3) and (k)(4), as applicable, to the Company’s Registration Statement under the Securities Act of 1933, as amended, on Form N‐2 (File No. 333‐188175), filed on April 26, 2013. |
| (23) | Incorporated by reference to Exhibits 10.2 through 10.4, as applicable, to the Company’s Form 8‐K (File No. 814‐00663), filed on January 25, 2010. |
| (24) | Incorporated by reference to Exhibits 10.1 through 10.3, as applicable, to the Company’s Form 8‐K (File No. 814‐0663), filed on June 8, 2012. |
| (25) | Incorporated by reference to Exhibit 10.5 to the Company’s Form 10‐Q (File No. 814‐00663) for the quarter ended March 30, 2010, filed on May 10, 2010. |
| (26) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on January 19, 2011. |
| (27) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on October 14, 2011. |
| (28) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on January 19, 2012. |
| (29) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on January 28, 2013. |

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|      |
|------|
|      |  |
| (30) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on May 15, 2014. |
| (31) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on January 4, 2017. |
| (32) | Incorporated by reference to Exhibits 10.1 and 10.2, as applicable, to the Company’s Form 8-K (File No. 814-00663), filed on October 3, 2018. |
| (33) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8‐K (File No. 814‐00663), filed on December 17, 2018. |
| (34) | Incorporated by reference to Exhibits 10.1 and 10.2, as applicable, to the Company’s Form 8-K (File No. 814-00663), filed on January 24, 2012. |
| (35) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on September 17, 2012. |
| (36) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on December 23, 2013. |
| (37) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on July 1, 2015. |
| (38) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on August 28, 2017. |
| (39) | Incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K (File No. 814-00663), filed on September 13, 2018. |
| (40) | Incorporated by reference to Exhibits (h)(1), (h)(2) and (h)(3), as applicable, to the Company’s pre-effective Amendment No. 2 to the Registration Statement under the Securities Act of 1933, as amended, on Form N-2 (File No. 333-212142), filed on July 31, 2017. |
| (41) | Included in Note 10 to the Company’s Notes to Consolidated Financial Statements filed herewith. |
| (42) | Incorporated by reference to Exhibit (r) to the Registrant’s pre-effective Amendment No. 1 to the Registration Statement under the Securities Act of 1933, as amended, on Form N-2 (File No. 333-212142), filed on June 14, 2017. |

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|                                                                                                                |
|----------------------------------------------------------------------------------------------------------------|
|                                                                                                                |  |
| Reports of Independent Registered Public Accounting Firm                                                       | F-2 |
| Consolidated Balance Sheet as of December 31, 2018 and 2017                                               | F-4 |
| Consolidated Statement of Operations for the years ended December 31, 2018, 2017 and 2016                 | F-5 |
| Consolidated Schedules of Investments as of December 31, 2018 and 2017                                    | F-6 |
| Consolidated Statement of Stockholders’ Equity for the years ended December 31, 2018, 2017 and 2016 | F-88 |
| Consolidated Statement of Cash Flows for the years ended December 31, 2018, 2017 and 2016                 | F-89 |
| Notes to Consolidated Financial Statements                                                                     | F-90 |

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|                                                                                                                                        |
|----------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                        |  |  |  |  |  |  |  |
|                                                                                                                                   | As of December 31, |
|                                                                                                                                   | 2018 |   | 2017 |
| ASSETS                                                                                                                                 |   |   |   |
| Investments at fair value                                                                                                              |   |  |   |   |  |
| Non-controlled/non-affiliate company investments                                                                                       | $ | 10,478 |  |   | $ | 10,010 |  |
| Non-controlled affiliate company investments                                                                                           | 292 |  |   | 216 |  |
| Controlled affiliate company investments                                                                                               | 1,647 |  |   | 1,615 |  |
| Total investments at fair value (amortized cost of $12,754 and $11,905, respectively)                                                  | 12,417 |  |   | 11,841 |  |
| Cash and cash equivalents                                                                                                              | 296 |  |   | 316 |  |
| Interest receivable                                                                                                                    | 91 |  |   | 93 |  |
| Receivable for open trades                                                                                                             | 12 |  |   | 1 |  |
| Other assets                                                                                                                           | 79 |  |   | 96 |  |
| Total assets                                                                                                                           | $ | 12,895 |  |   | $ | 12,347 |  |
| LIABILITIES                                                                                                                            |   |   |   |  |
| Debt                                                                                                                                   | $ | 5,214 |  |   | $ | 4,854 |  |
| Base management fees payable                                                                                                           | 45 |  |   | 44 |  |
| Income based fees payable                                                                                                              | 36 |  |   | 27 |  |
| Capital gains incentive fees payable                                                                                                   | 112 |  |   | 79 |  |
| Accounts payable and other liabilities                                                                                                 | 99 |  |   | 181 |  |
| Interest and facility fees payable                                                                                                     | 64 |  |   | 64 |  |
| Payable for open trades                                                                                                                | 25 |  |   | — |  |
| Total liabilities                                                                                                                      | 5,595 |  |   | 5,249 |  |
| Commitments and contingencies (Note 7)                                                                                            |   |   |   |
| STOCKHOLDERS’ EQUITY                                                                                                             |   |   |   |  |
| Common stock, par value $0.001 per share, 600 common shares authorized; 426 and 426 common shares issued and outstanding, respectively | — |  |   | — |  |
| Capital in excess of par value                                                                                                         | 7,173 |  |   | 7,192 |  |
| Accumulated undistributed (overdistributed) earnings                                                                                   | 127 |  |   | (94 | ) |
| Total stockholders’ equity                                                                                                       | 7,300 |  |   | 7,098 |  |
| Total liabilities and stockholders’ equity                                                                                       | $ | 12,895 |  |   | $ | 12,347 |  |
| NET ASSETS PER SHARE                                                                                                                   | $ | 17.12 |  |   | $ | 16.65 |  |

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|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                               | For the Years Ended December 31, |
|                                                                                               | 2018 |   | 2017 |   | 2016 |
| INVESTMENT INCOME:                                                                                 |   |  |   |   |  |   |   |  |
| From non-controlled/non-affiliate company investments:                                             |   |  |   |   |  |   |   |  |
| Interest income from investments (excluding payment-in-kind (“PIK”) interest)          | $ | 834 |  |   | $ | 711 |  |   | $ | 515 |  |
| PIK interest income from investments                                                               | 42 |  |   | 42 |  |   | 34 |  |
| Capital structuring service fees                                                                   | 130 |  |   | 95 |  |   | 90 |  |
| Dividend income                                                                                    | 35 |  |   | 26 |  |   | 35 |  |
| Other income                                                                                       | 38 |  |   | 19 |  |   | 14 |  |
| Total investment income from non-controlled/non-affiliate company investments                      | 1,079 |  |   | 893 |  |   | 688 |  |
| From non-controlled affiliate company investments:                                                 |   |  |   |   |   |   |  |
| Interest income from investments (excluding PIK interest)                                          | 16 |  |   | 13 |  |   | 12 |  |
| PIK interest income from investments                                                               | 4 |  |   | 4 |  |   | 4 |  |
| Capital structuring service fees                                                                   | — |  |   | — |  |   | 1 |  |
| Dividend income                                                                                    | 4 |  |   | 1 |  |   | — |  |
| Total investment income from non-controlled affiliate company investments                          | 24 |  |   | 18 |  |   | 17 |  |
| From controlled affiliate company investments:                                                     |   |  |   |   |   |   |  |
| Interest income from investments (excluding PIK interest)                                          | 123 |  |   | 162 |  |   | 238 |  |
| PIK interest income from investments                                                               | 22 |  |   | 19 |  |   | 3 |  |
| Capital structuring service fees                                                                   | 13 |  |   | 10 |  |   | 8 |  |
| Dividend income                                                                                    | 58 |  |   | 49 |  |   | 40 |  |
| Other income                                                                                       | 18 |  |   | 9 |  |   | 18 |  |
| Total investment income from controlled affiliate company investments                              | 234 |  |   | 249 |  |   | 307 |  |
| Total investment income                                                                            | 1,337 |  |   | 1,160 |  |   | 1,012 |  |
| EXPENSES:                                                                                          |   |  |   |   |   |   |  |
| Interest and credit facility fees                                                                  | 240 |  |   | 225 |  |   | 186 |  |
| Base management fees                                                                               | 180 |  |   | 171 |  |   | 137 |  |
| Income based fees                                                                                  | 169 |  |   | 134 |  |   | 123 |  |
| Capital gains incentive fees                                                                       | 33 |  |   | 41 |  |   | (5 | ) |
| Administrative fees                                                                                | 13 |  |   | 12 |  |   | 14 |  |
| Professional fees and other costs related to the American Capital Acquisition                      | 3 |  |   | 45 |  |   | 15 |  |
| Other general and administrative                                                                   | 26 |  |   | 32 |  |   | 27 |  |
| Total expenses                                                                                     | 664 |  |   | 660 |  |   | 497 |  |
| Waiver of income based fees                                                                        | (40 | ) |   | (30 | ) |   | — |  |
| Total expenses, net of waiver of income based fees                                                 | 624 |  |   | 630 |  |   | 497 |  |
| NET INVESTMENT INCOME BEFORE INCOME TAXES                                                          | 713 |  |   | 530 |  |   | 515 |  |
| Income tax expense, including excise tax                                                           | 19 |  |   | 19 |  |   | 21 |  |
| NET INVESTMENT INCOME                                                                              | 694 |  |   | 511 |  |   | 494 |  |
| REALIZED AND UNREALIZED GAINS (LOSSES) ON INVESTMENTS, FOREIGN CURRENCY AND OTHER TRANSACTIONS:    |   |  |   |   |   |   |  |
| Net realized gains (losses):                                                                       |   |  |   |   |   |   |  |
| Non-controlled/non-affiliate company investments                                                   | 90 |  |   | (56 | ) |   | 66 |  |
| Non-controlled affiliate company investments                                                       | — |  |   | — |  |   | 14 |  |
| Controlled affiliate company investments                                                           | 316 |  |   | 100 |  |   | 30 |  |
| Foreign currency and other transactions                                                            | 13 |  |   | (20 | ) |   | — |  |
| Net realized gains                                                                                 | 419 |  |   | 24 |  |   | 110 |  |
| Net unrealized gains (losses):                                                                     |   |  |   |   |   |   |  |
| Non-controlled/non-affiliate company investments                                                   | (85 | ) |   | (42 | ) |   | (179 | ) |
| Non-controlled affiliate company investments                                                       | 4 |  |   | (2 | ) |   | 14 |  |
| Controlled affiliate company investments                                                           | (190 | ) |   | 187 |  |   | 40 |  |
| Foreign currency and other transactions                                                            | 16 |  |   | (7 | ) |   | (5 | ) |
| Net unrealized gains (losses)                                                                      | (255 | ) |   | 136 |  |   | (130 | ) |
| Net realized and unrealized gains (losses) on investments, foreign currency and other transactions | 164 |  |   | 160 |  |   | (20 | ) |
| REALIZED LOSSES ON EXTINGUISHMENT OF DEBT                                                          | — |  |   | (4 | ) |   | — |  |
| NET INCREASE IN STOCKHOLDERS’ EQUITY RESULTING FROM OPERATIONS                               | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |
| BASIC AND DILUTED EARNINGS PER COMMON SHARE (see Note 10)                                     | $ | 2.01 |  |   | $ | 1.57 |  |   | $ | 1.51 |  |
| WEIGHTED AVERAGE SHARES OF COMMON STOCK OUTSTANDING (see Note 10)                             | 426 |  |   | 425 |  |   | 314 |  |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                   |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Healthcare Services                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Absolute Dental Management LLC and ADM Equity, LLC           |   | Dental services provider |   | First lien senior secured loan ($19.1 par due 1/2022) |   |   |   | 1/5/2016 |   | $ | 19.1 |  |   | $ | 11.8 |  | (2)(14) |   |
|                                                         |   |   |   | First lien senior secured loan ($5.1 par due 1/2022) |   |   |   | 1/5/2016 |   | 5.1 |  |   | 3.1 |  | (4)(14) |   |
|                                                         |   |   |   | Class A preferred units (4,000,000 units) |   |   |   | 1/5/2016 |   | 4.0 |  |   | — |  | (2) |   |
|                                                         |   |   |   | Class A common units (4,000,000 units) |   |   |   | 1/5/2016 |   | — |  |   | — |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 28.2 |  |   | 14.9 |  |   |   |
| Acessa Health Inc. (fka HALT Medical, Inc.)                  |   | Medical supply provider |   | Common stock (569,823 shares) |   |   |   | 6/22/2017 |   | 0.1 |  |   | — |  |   |   |
| ADCS Billings Intermediate Holdings, LLC (19)                |   | Dermatology practice |   | First lien senior secured revolving loan ($1.3 par due 5/2022) |   | 10.25% (Base Rate + 4.75%/Q) |   | 5/18/2016 |   | 1.3 |  |   | 1.2 |  | (2)(15) |   |
| ADG, LLC and RC IV GEDC Investor LLC (19)                    |   | Dental services provider |   | First lien senior secured revolving loan ($3.1 par due 9/2022) |   | 7.27% (Libor + 4.75%/M) |   | 9/28/2016 |   | 3.1 |  |   | 3.0 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured revolving loan ($8.1 par due 9/2022) |   | 9.25% (Base Rate + 3.75%/M) |   | 9/28/2016 |   | 8.1 |  |   | 7.8 |  | (2)(15) |   |
|                                                         |   |   |   | Second lien senior secured loan ($87.5 par due 3/2024) |   | 11.88% (Libor + 9.00%/Q) |   | 9/28/2016 |   | 87.5 |  |   | 77.0 |  | (2)(15) |   |
|                                                         |   |   |   | Membership units (3,000,000 units) |   |   |   | 9/28/2016 |   | 3.0 |  |   | 1.0 |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 101.7 |  |   | 88.8 |  |   |   |
| Air Medical Group Holdings, Inc. and Air Medical Buyer Corp. |   | Emergency air medical services provider |   | Senior subordinated loan ($182.7 par due 3/2026) |   | 10.38% (Libor + 7.88%/M) |   | 3/14/2018 |   | 182.7 |  |   | 182.7 |  | (2)(15) |   |
|                                                         |   |   |   | Warrant to purchase up to 115,733 units of common stock (expires 3/2028) |   |   |   | 3/14/2018 |   | 0.9 |  |   | 1.6 |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 183.6 |  |   | 184.3 |  |   |   |
| Alcami Corporation and ACM Holdings I, LLC (19)              |   | Outsourced drug development services provider |   | First lien senior secured revolving loan ($1.8 par due 7/2023) |   | 6.26% (Libor + 3.75%/M) |   | 7/12/2018 |   | 1.8 |  |   | 1.8 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured revolving loan ($1.7 par due 7/2023) |   | 6.21% (Libor + 3.75%/M) |   | 7/12/2018 |   | 1.7 |  |   | 1.7 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($30.1 par due 7/2025) |   | 6.71% (Libor + 4.25%/M) |   | 7/12/2018 |   | 30.0 |  |   | 29.8 |  | (3)(15) |   |
|                                                         |   |   |   | Second lien senior secured loan ($77.5 par due 7/2026) |   | 10.51% (Libor + 8.00%/M) |   | 7/12/2018 |   | 76.8 |  |   | 76.0 |  | (2)(15) |   |
|                                                         |   |   |   | Common units (3,269,900 units) |   |   |   | 7/12/2018 |   | 32.7 |  |   | 26.1 |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 143.0 |  |   | 135.4 |  |   |   |
| Alteon Health, LLC                                           |   | Provider of physician management services |   | First lien senior secured loan ($3.0 par due 9/2022) |   | 9.02% (Libor + 6.50%/M) |   | 5/15/2017 |   | 3.0 |  |   | 2.5 |  | (2)(15) |   |
| American Academy Holdings, LLC (19)                          |   | Provider of education, training, certification, networking, and consulting services to medical coders and other healthcare professionals |   | First lien senior secured revolving loan ($0.9 par due 12/2022) |   | 9.05% (Libor + 6.25%/Q) |   | 12/15/2017 |   | 0.9 |  |   | 0.9 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($85.8 par due 12/2022) |   | 9.05% (Libor + 6.25%/Q) |   | 12/15/2017 |   | 85.8 |  |   | 85.8 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($92.4 par due 12/2022) |   | 9.05% (Libor + 6.25%/Q) |   | 12/15/2017 |   | 92.4 |  |   | 92.4 |  | (3)(15) |   |
|                                                         |   |   |   | Senior subordinated loan ($79.9 par due 6/2023) |   | 16.33% (Libor + 8.00% Cash, 6.00% PIK/Q) |   | 12/15/2017 |   | 79.9 |  |   | 79.9 |  | (2)(15) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 259.0 |  |   | 259.0 |  |   |   |
| Bambino CI Inc. (19)                                         |   | Manufacturer and provider of single-use obstetrics products |   | First lien senior secured revolving loan ($0.3 par due 12/2023) |   | 7.93% (Libor + 5.50%/M) |   | 10/17/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($2.5 par due 12/2024) |   | 8.02% (Libor + 5.50%/M) |   | 10/17/2017 |   | 2.5 |  |   | 2.5 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($30.9 par due 12/2024) |   | 8.02% (Libor + 5.50%/M) |   | 10/17/2017 |   | 30.9 |  |   | 30.9 |  | (3)(15) |   |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                     |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                           |   |   |   |   |   |   |   |   |   | 33.7 |  |   | 33.7 |  |   |   |
| Care Hospice, Inc (19)                                                         |   | Provider of hospice services |   | First lien senior secured revolving loan ($0.3 par due 4/2022) |   | 7.22% (Libor + 4.75%/M) |   | 2/8/2018 |   | 0.3 |  |   | 0.3 |  | (2)(15)(18) |   |
| CCS-CMGC Holdings, Inc. (19)                                                   |   | Correctional facility healthcare operator |   | First lien senior secured revolving loan ($1.9 par due 10/2023) |   | 8.02% (Libor + 5.50%/M) |   | 10/1/2018 |   | 1.9 |  |   | 1.8 |  | (2)(15)(18) |   |
|                                                                           |   |   |   | First lien senior secured loan ($35.0 par due 10/2025) |   | 8.02% (Libor + 5.50%/M) |   | 9/25/2018 |   | 34.7 |  |   | 34.8 |  | (3)(15) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 36.6 |  |   | 36.6 |  |   |   |
| Center for Autism and Related Disorders, LLC (19)                              |   | Autism treatment and services provider specializing in applied behavior analysis therapy |   | First lien senior secured revolving loan |   | — |   | 11/21/2018 |   | — |  |   | — |  | (17) |   |
| Comprehensive EyeCare Partners, LLC (19)                                       |   | Vision care practice management company |   | First lien senior secured revolving loan ($0.2 par due 2/2024) |   | 9.00% (Base Rate + 3.50%/Q) |   | 2/14/2018 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                                           |   |   |   | First lien senior secured loan ($2.4 par due 2/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 2/14/2018 |   | 2.4 |  |   | 2.4 |  | (2)(15) |   |
|                                                                           |   |   |   | First lien senior secured loan ($5.4 par due 2/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 2/14/2018 |   | 5.4 |  |   | 5.4 |  | (2)(15) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 8.0 |  |   | 8.0 |  |   |   |
| CSHM LLC (7)                                                                   |   | Dental services provider |   | Class A membership units (1,979 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| D4C Dental Brands HoldCo, Inc. and Bambino Group Holdings, LLC (19)            |   | Dental services provider |   | First lien senior secured revolving loan ($3.3 par due 12/2022) |   | 10.75% (Base Rate + 5.25%/Q) |   | 12/21/2016 |   | 3.3 |  |   | 3.3 |  | (2)(15) |   |
|                                                                           |   |   |   | Class A preferred units (1,000,000 units) |   |   |   | 12/21/2016 |   | 1.0 |  |   | 1.3 |  | (2) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 4.3 |  |   | 4.6 |  |   |   |
| Datix Bidco Limited (8)                                                        |   | Global healthcare software company that provides software solutions for patient safety and risk management |   | First lien senior secured loan ($5.8 par due 4/2025) |   | 7.28% (Libor + 4.50%/S) |   | 4/27/2018 |   | 5.7 |  |   | 5.8 |  | (2)(15) |   |
| DCA Investment Holding, LLC (19)                                               |   | Multi-branded dental practice management |   | First lien senior secured revolving loan ($0.4 par due 7/2021) |   | 9.75% (Base Rate + 4.25%/Q) |   | 7/2/2015 |   | 0.4 |  |   | 0.4 |  | (2)(15)(18) |   |
|                                                                           |   |   |   | First lien senior secured loan ($18.5 par due 7/2021) |   | 8.05% (Libor + 5.25%/Q) |   | 7/2/2015 |   | 18.5 |  |   | 18.5 |  | (4)(15) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 18.9 |  |   | 18.9 |  |   |   |
| Emerus Holdings, Inc. (19)                                                     |   | Freestanding 24-hour emergency care micro-hospitals operator |   | First lien senior secured revolving loan ($3.0 par due 9/2020) |   | 7.31% (Libor + 4.50%/Q) |   | 3/14/2017 |   | 3.0 |  |   | 2.9 |  | (2)(15) |   |
|                                                                           |   |   |   | First lien senior secured loan ($3.2 par due 9/2021) |   | 7.31% (Libor + 4.50%/Q) |   | 3/14/2017 |   | 2.9 |  |   | 3.1 |  | (2)(15) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 5.9 |  |   | 6.0 |  |   |   |
| GHX Ultimate Parent Corporation, Commerce Parent, Inc. and Commerce Topco, LLC |   | On-demand supply chain automation solutions provider to the healthcare industry |   | Second lien senior secured loan ($34.5 par due 6/2025) |   | 10.81% (Libor + 8.00%/Q) |   | 6/30/2017 |   | 34.2 |  |   | 34.5 |  | (2)(15) |   |
|                                                                           |   |   |   | Series A preferred stock (110,425 shares) |   | 13.55% PIK (Libor + 10.75%/Q) |   | 6/30/2017 |   | 133.5 |  |   | 133.5 |  | (2)(15) |   |
|                                                                           |   |   |   | Class A units (14,013,303 units) |   |   |   | 6/30/2017 |   | 14.0 |  |   | 16.9 |  | (2) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 181.7 |  |   | 184.9 |  |   |   |
| Greenphire, Inc. and RMCF III CIV XXIX, L.P                                    |   | Software provider for clinical trial management |   | Limited partnership interest (99.90% interest) |   |   |   | 12/19/2014 |   | 1.0 |  |   | 3.0 |  | (2) |   |
| Hygiena Borrower LLC (19)                                                      |   | Adenosine triphosphate testing technology provider |   | First lien senior secured revolving loan |   | — |   | 8/26/2016 |   | — |  |   | — |  | (17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($9.5 par due 8/2022) |   | 6.80% (Libor + 4.00%/Q) |   | 6/29/2018 |   | 9.5 |  |   | 9.4 |  | (2)(15) |   |
|                                                                           |   |   |   | Second lien senior secured loan ($11.1 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 6/29/2018 |   | 11.1 |  |   | 11.0 |  | (2)(15) |   |

----

|                                                       |
|-------------------------------------------------------|
|                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                            |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                  |   |   |   | Second lien senior secured loan ($0.6 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 6/29/2018 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                  |   |   |   | Second lien senior secured loan ($10.0 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 8/26/2016 |   | 10.0 |  |   | 9.9 |  | (2)(15) |   |
|                                                  |   |   |   | Second lien senior secured loan ($10.7 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 2/27/2017 |   | 10.7 |  |   | 10.6 |  | (2)(15) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 41.9 |  |   | 41.5 |  |   |   |
| JDC Healthcare Management, LLC (19)                   |   | Dental services provider |   | First lien senior secured revolving loan ($0.8 par due 4/2022) |   | 12.25% (Base Rate + 6.75%/Q) |   | 4/10/2017 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($4.1 par due 4/2023) |   | 10.01% (Libor + 7.75%/A) |   | 4/10/2017 |   | 4.1 |  |   | 4.1 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($9.9 par due 4/2023) |   | 10.27% (Libor + 7.75%/M) |   | 4/10/2017 |   | 9.9 |  |   | 9.7 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($19.7 par due 4/2023) |   | 10.27% (Libor + 7.75%/M) |   | 4/10/2017 |   | 19.7 |  |   | 19.3 |  | (4)(15) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 34.5 |  |   | 33.9 |  |   |   |
| KBHS Acquisition, LLC (d/b/a Alita Care, LLC) (19)    |   | Provider of behavioral health services |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 7.38% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($0.3 par due 3/2022) |   | 7.42% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($0.8 par due 3/2022) |   | 7.46% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($0.6 par due 3/2022) |   | 7.47% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($0.3 par due 3/2022) |   | 7.50% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($0.3 par due 3/2022) |   | 7.43% (Libor + 5.00%/M) |   | 3/17/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured revolving loan ($2.1 par due 3/2022) |   | 7.52% (Libor + 5.00%/M) |   | 3/17/2017 |   | 2.1 |  |   | 2.0 |  | (2)(15) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 4.6 |  |   | 4.5 |  |   |   |
| Key Surgical LLC (19)                                 |   | Provider of sterile processing, operating room and instrument care supplies for hospitals |   | First lien senior secured loan ($17.0 par due 6/2023) |   | 5.75% (EURIBOR + 4.75%/Q) |   | 6/1/2017 |   | 16.6 |  |   | 17.0 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($9.3 par due 6/2023) |   | 7.28% (Libor + 4.75%/Q) |   | 10/31/2018 |   | 9.3 |  |   | 9.3 |  | (2)(15) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 25.9 |  |   | 26.3 |  |   |   |
| MB2 Dental Solutions, LLC (19)                        |   | Dental services provider |   | First lien senior secured revolving loan ($2.7 par due 9/2023) |   | 9.25% (Base Rate + 3.75%/Q) |   | 9/29/2017 |   | 2.7 |  |   | 2.7 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($5.8 par due 9/2023) |   | 7.57% (Libor + 4.75%/Q) |   | 9/29/2017 |   | 5.8 |  |   | 5.8 |  | (2)(15) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 8.5 |  |   | 8.5 |  |   |   |
| MCH Holdings, Inc. and MC Acquisition Holdings I, LLC |   | Healthcare professional provider |   | First lien senior secured loan ($25.7 par due 1/2020) |   | 7.96% (Libor + 5.50%/M) |   | 7/26/2017 |   | 25.7 |  |   | 25.7 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($26.2 par due 1/2020) |   | 8.02% (Libor + 5.50%/M) |   | 7/26/2017 |   | 26.2 |  |   | 26.2 |  | (2)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($39.6 par due 1/2020) |   | 7.96% (Libor + 5.50%/M) |   | 7/26/2017 |   | 39.6 |  |   | 39.6 |  | (3)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($40.5 par due 1/2020) |   | 8.02% (Libor + 5.50%/M) |   | 7/26/2017 |   | 40.5 |  |   | 40.5 |  | (3)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($9.0 par due 1/2020) |   | 7.96% (Libor + 5.50%/M) |   | 7/26/2017 |   | 9.0 |  |   | 9.0 |  | (4)(15) |   |
|                                                  |   |   |   | First lien senior secured loan ($9.2 par due 1/2020) |   | 8.02% (Libor + 5.50%/M) |   | 7/26/2017 |   | 9.2 |  |   | 9.2 |  | (4)(15) |   |
|                                                  |   |   |   | Class A units (1,438,643 shares) |   |   |   | 1/17/2014 |   | 1.5 |  |   | 1.2 |  | (2) |   |
|                                                  |   |   |   |   |   |   |   |   |   | 151.7 |  |   | 151.4 |  |   |   |

----

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|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                            |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| MW Dental Holding Corp. (19)                                          |   | Dental services provider |   | First lien senior secured revolving loan ($7.0 par due 4/2021) |   | 9.27% (Libor + 6.75%/Q) |   | 4/12/2011 |   | 7.0 |  |   | 7.0 |  | (2)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($16.9 par due 4/2021) |   | 9.27% (Libor + 6.75%/Q) |   | 3/19/2018 |   | 16.9 |  |   | 16.9 |  | (2)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($104.5 par due 4/2021) |   | 9.27% (Libor + 6.75%/Q) |   | 4/12/2011 |   | 104.5 |  |   | 104.5 |  | (3)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($19.1 par due 4/2021) |   | 9.27% (Libor + 6.75%/Q) |   | 4/12/2011 |   | 19.1 |  |   | 19.1 |  | (4)(15) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 147.5 |  |   | 147.5 |  |   |   |
| My Health Direct, Inc.                                                |   | Healthcare scheduling exchange software solution provider |   | Warrant to purchase up to 4,548 shares of Series D preferred stock (expires 9/2024) |   |   |   | 9/18/2014 |   | — |  |   | — |  | (2) |   |
| New Trident Holdcorp, Inc. and Trident Holding Company, LLC           |   | Outsourced mobile diagnostic healthcare service provider |   | Second lien senior secured loan ($24.9 par due 7/2022) |   |   |   | 8/1/2013 |   | 19.4 |  |   | 5.0 |  | (2)(14) |   |
|                                                                  |   |   |   | Second lien senior secured loan ($78.4 par due 7/2020) |   |   |   | 8/1/2013 |   | 67.8 |  |   | — |  | (2)(14) |   |
|                                                                  |   |   |   | Senior subordinated loan ($9.1 par due 7/2020) |   |   |   | 11/29/2017 |   | 8.8 |  |   | — |  | (2)(14) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 96.0 |  |   | 5.0 |  |   |   |
| NMC Skincare Intermediate Holdings II, LLC (19)                       |   | Developer, manufacturer and marketer of skincare products |   | First lien senior secured loan ($24.9 par due 10/2024) |   | 7.27% (Libor + 4.75%/M) |   | 10/31/2018 |   | 24.9 |  |   | 24.6 |  | (3)(15) |   |
| NMN Holdings III Corp. and NMN Holdings LP (19)                       |   | Provider of complex rehab technology solutions for patients with mobility loss |   | Partnership units (30,000 units) |   |   |   | 11/13/2018 |   | 3.0 |  |   | 2.9 |  | (2) |   |
| NMSC Holdings, Inc. and ASP NAPA Holdings, LLC                        |   | Anesthesia management services provider |   | Second lien senior secured loan ($72.8 par due 10/2023) |   | 12.59% (Libor + 10.00%/Q) |   | 4/19/2016 |   | 72.8 |  |   | 71.3 |  | (2)(15) |   |
|                                                                  |   |   |   | Class A units (25,277 units) |   |   |   | 4/19/2016 |   | 2.5 |  |   | 1.2 |  | (2) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 75.3 |  |   | 72.5 |  |   |   |
| Nodality, Inc.                                                        |   | Biotechnology company |   | First lien senior secured loan ($3.1 par due 8/2016) |   |   |   | 11/12/2015 |   | 2.1 |  |   | — |  | (2)(14) |   |
|                                                                  |   |   |   | First lien senior secured loan ($14.7 par due 8/2016) |   |   |   | 4/25/2014 |   | 9.7 |  |   | — |  | (2)(14) |   |
|                                                                  |   |   |   | Warrant to purchase up to 3,736,255 shares of common stock (expires 3/2026) |   |   |   | 5/1/2016 |   | — |  |   | — |  | (2) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 11.8 |  |   | — |  |   |   |
| NSM Sub Holdings Corp. (19)                                           |   | Provider of customized mobility, rehab and adaptive seating systems |   | First lien senior secured loan ($0.2 par due 10/2022) |   | 6.66% (Libor + 4.25%/Q) |   | 6/1/2018 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($0.4 par due 10/2022) |   | 6.73% (Libor + 4.25%/Q) |   | 6/1/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($4.9 par due 10/2022) |   | 7.05% (Libor + 4.25%/Q) |   | 6/1/2018 |   | 4.9 |  |   | 4.9 |  | (2)(15) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 5.5 |  |   | 5.5 |  |   |   |
| nThrive, Inc. (fka Precyse Acquisition Corp.)                         |   | Provider of healthcare information management technology and services |   | Second lien senior secured loan ($10.0 par due 4/2023) |   | 12.27% (Libor + 9.75%/M) |   | 4/20/2016 |   | 9.8 |  |   | 9.8 |  | (2)(15) |   |
| NueHealth Performance, LLC (19)                                       |   | Developer, builder and manager of specialty surgical hospitals and ambulatory surgery centers |   | First lien senior secured loan ($1.5 par due 9/2023) |   | 9.02% (Libor + 6.50%/M) |   | 9/27/2018 |   | 1.5 |  |   | 1.5 |  | (2)(15) |   |
|                                                                  |   |   |   | First lien senior secured loan ($10.0 par due 9/2023) |   | 9.02% (Libor + 6.50%/M) |   | 9/27/2018 |   | 10.0 |  |   | 10.0 |  | (2)(15) |   |
|                                                                  |   |   |   |   |   |   |   |   |   | 11.5 |  |   | 11.5 |  |   |   |
| OmniSYS Acquisition Corporation, OmniSYS, LLC, and OSYS Holdings, LLC |   | Provider of technology-enabled solutions to pharmacies |   | Limited liability company membership interest (1.57%) |   |   |   | 11/21/2013 |   | 1.0 |  |   | 0.8 |  | (2) |   |

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|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                 |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Pathway Vet Alliance LLC (19)                                              |   | Operator of freestanding veterinary hospitals |   | First lien senior secured loan ($264.5 par due 12/2024) |   | 6.98% (Libor + 4.50%/M) |   | 12/21/2018 |   | 261.8 |  |   | 261.8 |  | (2)(15) |   |
|                                                                       |   |   |   | Second lien senior secured loan ($175.1 par due 12/2025) |   | 10.98% (Libor + 8.50%/Q) |   | 12/21/2018 |   | 175.1 |  |   | 173.4 |  | (2)(15) |   |
|                                                                       |   |   |   | Preferred subscription units (1,507,384 units) |   |   |   | 12/21/2018 |   | 4.9 |  |   | 4.9 |  |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 441.8 |  |   | 440.1 |  |   |   |
| Patterson Medical Supply, Inc.                                             |   | Distributor of rehabilitation supplies and equipment |   | Second lien senior secured loan ($78.0 par due 8/2023) |   | 11.03% (Libor + 8.50%/Q) |   | 9/2/2015 |   | 76.7 |  |   | 67.9 |  | (2)(15) |   |
| PhyMED Management LLC                                                      |   | Provider of anesthesia services |   | Second lien senior secured loan ($47.2 par due 5/2021) |   | 11.46% (Libor + 8.75%/Q) |   | 12/18/2015 |   | 46.9 |  |   | 47.2 |  | (2)(15) |   |
| Practice Insight, LLC (19)                                                 |   | Revenue cycle management provider to the emergency healthcare industry |   | First lien senior secured loan ($12.4 par due 8/2022) |   | 7.52% (Libor + 5.00%/M) |   | 8/23/2017 |   | 12.4 |  |   | 12.4 |  | (4)(15) |   |
| Premise Health Holding Corp. and OMERS Bluejay Investment Holdings LP (19) |   | Provider of employer-sponsored onsite health and wellness clinics and pharmacies |   | First lien senior secured revolving loan ($6.0 par due 7/2023) |   | 6.09% (Libor + 3.50%/S) |   | 7/10/2018 |   | 6.0 |  |   | 5.9 |  | (2)(15) |   |
|                                                                       |   |   |   | First lien senior secured loan ($0.8 par due 7/2025) |   | 6.55% (Libor + 3.75%/Q) |   | 7/10/2018 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                                       |   |   |   | First lien senior secured loan ($20.0 par due 7/2025) |   | 6.55% (Libor + 3.75%/Q) |   | 7/10/2018 |   | 19.9 |  |   | 19.8 |  | (4)(15) |   |
|                                                                       |   |   |   | Second lien senior secured loan ($67.1 par due 7/2026) |   | 10.30% (Libor + 7.50%/Q) |   | 7/10/2018 |   | 66.5 |  |   | 66.1 |  | (2)(15) |   |
|                                                                       |   |   |   | Class A units (9,775 units) |   |   |   | 7/10/2018 |   | 9.8 |  |   | 9.8 |  | (2) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 103.0 |  |   | 102.4 |  |   |   |
| ProVation Medical, Inc.                                                    |   | Provider of documentation and coding software for GI physicians |   | First lien senior secured loan ($13.0 par due 3/2024) |   | 9.42% (Libor + 7.00%/Q) |   | 3/9/2018 |   | 12.8 |  |   | 13.0 |  | (2)(15) |   |
| RecoveryDirect Acquisition, L.L.C. (19)                                    |   | Outpatient physical therapy provider |   | First lien senior secured loan ($6.9 par due 1/2024) |   | 6.77% (Libor + 4.25%/M) |   | 1/3/2018 |   | 6.9 |  |   | 6.9 |  | (2)(15) |   |
|                                                                       |   |   |   | First lien senior secured loan ($14.8 par due 1/2024) |   | 6.77% (Libor + 4.25%/M) |   | 1/3/2018 |   | 14.8 |  |   | 14.8 |  | (2)(15) |   |
|                                                                       |   |   |   | First lien senior secured loan ($19.8 par due 1/2024) |   | 6.77% (Libor + 4.25%/M) |   | 1/3/2018 |   | 19.8 |  |   | 19.8 |  | (4)(15) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 41.5 |  |   | 41.5 |  |   |   |
| Respicardia, Inc.                                                          |   | Developer of implantable therapies to improve cardiovascular health |   | Warrant to purchase up to 99,094 shares of Series C preferred stock (expires 6/2022) |   |   |   | 6/28/2012 |   | — |  |   | — |  | (2) |   |
| Salter Labs (19)                                                           |   | Developer, manufacturer and supplier of consumable products for medical device customers |   | First lien senior secured revolving loan ($0.6 par due 3/2020) |   | 6.76% (Libor + 4.25%/Q) |   | 2/8/2018 |   | 0.6 |  |   | 0.6 |  | (2)(15)(18) |   |
|                                                                       |   |   |   | First lien senior secured revolving loan ($0.4 par due 3/2020) |   | 7.05% (Libor + 4.25%/Q) |   | 2/8/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15)(18) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 1.0 |  |   | 1.0 |  |   |   |
| SCSG EA Acquisition Company, Inc. (19)                                     |   | Provider of outsourced clinical services to hospitals and health systems |   | First lien senior secured revolving loan |   | — |   | 9/1/2017 |   | — |  |   | — |  | (17) |   |
| SiroMed Physician Services, Inc. and SiroMed Equity Holdings, LLC (19)     |   | Outsourced anesthesia provider |   | First lien senior secured loan ($17.4 par due 3/2024) |   | 7.55% (Libor + 4.75%/Q) |   | 3/26/2018 |   | 17.4 |  |   | 17.1 |  | (3)(15) |   |
|                                                                       |   |   |   | Common units (171,784 units) |   |   |   | 3/26/2018 |   | 4.6 |  |   | 3.2 |  | (2) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 22.0 |  |   | 20.3 |  |   |   |
| SM Wellness Holdings, Inc. and SM Holdco, Inc. (19)                        |   | Breast cancer screening provider |   | First lien senior secured loan ($0.7 par due 8/2024) |   | 8.02% (Libor + 5.50%/M) |   | 8/1/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                       |   |   |   | First lien senior secured loan ($7.1 par due 8/2024) |   | 8.02% (Libor + 5.50%/M) |   | 8/1/2018 |   | 7.1 |  |   | 7.1 |  | (2)(15) |   |
|                                                                       |   |   |   | Series A preferred stock (44,975 shares) |   | 13.05% (Libor + 10.25%/Q) |   | 8/1/2018 |   | 47.4 |  |   | 47.4 |  | (2)(15) |   |
|                                                                       |   |   |   | Series A units (7,475 units) |   |   |   | 8/1/2018 |   | 7.5 |  |   | 0.1 |  | (2) |   |

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|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                               |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                     |   |   |   | Series B units (747,500 units) |   |   |   | 8/1/2018 |   | — |  |   | 7.4 |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 62.7 |  |   | 62.7 |  |   |   |
| Synergy HomeCare Franchising, LLC and NP/Synergy Holdings, LLC (19)      |   | Franchisor of private-pay home care for the elderly |   | First lien senior secured loan ($16.0 par due 4/2024) |   | 8.55% (Libor + 5.75%/Q) |   | 4/2/2018 |   | 16.0 |  |   | 16.0 |  | (2)(15) |   |
|                                                                     |   |   |   | Common units (550 units) |   |   |   | 4/2/2018 |   | 0.6 |  |   | 0.7 |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 16.6 |  |   | 16.7 |  |   |   |
| Teligent, Inc. (19)                                                      |   | Pharmaceutical company that develops, manufactures and markets injectable pharmaceutical products |   | Second lien senior secured loan ($18.3 par due 6/2024) |   | 13.25% (Base Rate + 7.75%/Q) |   | 12/13/2018 |   | 18.3 |  |   | 18.1 |  | (2)(15) |   |
|                                                                     |   |   |   | Second lien senior secured loan ($45.5 par due 6/2024) |   | 11.53% (Libor + 8.75%/Q) |   | 12/13/2018 |   | 45.5 |  |   | 45.0 |  | (2)(15) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 63.8 |  |   | 63.1 |  |   |   |
| TerSera Therapeutics LLC                                                 |   | Acquirer and developer of specialty therapeutic pharmaceutical products |   | First lien senior secured loan ($2.2 par due 3/2024) |   | 8.06% (Libor + 5.25%/Q) |   | 7/12/2018 |   | 2.2 |  |   | 2.2 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($2.2 par due 3/2024) |   | 8.05% (Libor + 5.25%/Q) |   | 7/12/2018 |   | 2.2 |  |   | 2.2 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($2.1 par due 3/2023) |   | 8.05% (Libor + 5.25%/Q) |   | 9/27/2018 |   | 2.1 |  |   | 2.1 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($5.2 par due 3/2023) |   | 8.05% (Libor + 5.25%/Q) |   | 5/3/2017 |   | 5.2 |  |   | 5.2 |  | (4)(15) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 11.7 |  |   | 11.7 |  |   |   |
| U.S. Anesthesia Partners, Inc.                                           |   | Anesthesiology service provider |   | Second lien senior secured loan ($71.8 par due 6/2025) |   | 9.77% (Libor + 7.25%/M) |   | 6/16/2017 |   | 70.9 |  |   | 70.4 |  | (2)(15) |   |
| United Digestive MSO Parent, LLC (19)                                    |   | Gastroenterology physician group |   | First lien senior secured loan ($12.6 par due 12/2024) |   | 7.02% (Libor + 4.50%/M) |   | 12/14/2018 |   | 12.6 |  |   | 12.5 |  | (2)(15) |   |
| Urgent Cares of America Holdings I, LLC and FastMed Holdings I, LLC (19) |   | Operator of urgent care clinics |   | Preferred units (7,696,613 units) |   |   |   | 6/11/2015 |   | 7.7 |  |   | 5.4 |  |   |   |
|                                                                     |   |   |   | Series A common units (2,000,000 units) |   |   |   | 6/11/2015 |   | 2.0 |  |   | — |  |   |   |
|                                                                     |   |   |   | Series C common units (5,288,427 units) |   |   |   | 6/11/2015 |   | — |  |   | — |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 9.7 |  |   | 5.4 |  |   |   |
| Urology Management Associates, LLC and JWC/UMA Holdings, L.P.            |   | Urology private practice |   | First lien senior secured loan ($9.8 par due 8/2024) |   | 7.52% (Libor + 5.00%/M) |   | 8/31/2018 |   | 9.7 |  |   | 9.8 |  | (2)(15) |   |
|                                                                     |   |   |   | Limited partnership interests (3.64% interest) |   |   |   | 8/31/2018 |   | 4.8 |  |   | 4.8 |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 14.5 |  |   | 14.6 |  |   |   |
| Verscend Holding Corp. (19)                                              |   | Healthcare analytics solutions provider |   | First lien senior secured loan ($99.8 par due 8/2025) |   | 7.02% (Libor + 4.50%/M) |   | 8/27/2018 |   | 99.0 |  |   | 97.8 |  | (2)(15) |   |
| VistaPharm, Inc. and Vertice Pharma UK Parent Limited                    |   | Manufacturer and distributor of generic pharmaceutical products |   | Preferred shares (40,662 shares) |   |   |   | 12/21/2015 |   | 0.3 |  |   | 0.6 |  | (8) |   |
| West Dermatology, LLC (19)                                               |   | Dermatology practice platform |   | First lien senior secured revolving loan ($0.7 par due 4/2022) |   | 7.93% (Libor + 5.50%/Q) |   | 2/8/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured revolving loan ($0.6 par due 4/2022) |   | 8.21% (Libor + 5.50%/Q) |   | 2/8/2018 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured revolving loan ($3.7 par due 4/2022) |   | 8.31% (Libor + 5.50%/Q) |   | 2/8/2018 |   | 3.7 |  |   | 3.7 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($1.4 par due 4/2023) |   | 7.90% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 1.4 |  |   | 1.4 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.3 par due 4/2023) |   | 7.91% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.9 par due 4/2023) |   | 7.94% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 0.9 |  |   | 0.9 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.1 par due 4/2023) |   | 8.11% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |

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|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                          |   |   |   | First lien senior secured loan ($1.3 par due 4/2023) |   | 8.21% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 1.3 |  |   | 1.3 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($0.8 par due 4/2023) |   | 8.26% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($4.1 par due 4/2023) |   | 8.31% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 4.1 |  |   | 4.1 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($1.3 par due 4/2023) |   | 8.21% (Libor + 5.50%/Q) |   | 9/5/2018 |   | 1.3 |  |   | 1.3 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($7.7 par due 4/2023) |   | 8.31% (Libor + 5.50%/Q) |   | 4/2/2018 |   | 7.7 |  |   | 7.7 |  | (2)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 22.9 |  |   | 22.9 |  |   |   |
| WIRB - Copernicus Group, Inc. (19)                                                            |   | Provider of regulatory, ethical, and safety review services for clinical research involving human subjects |   | First lien senior secured revolving loan |   | — |   | 2/8/2018 |   | — |  |   | — |  | (17) |   |
| WSHP FC Acquisition LLC (19)                                                                  |   | Provider of biospecimen products |   | First lien senior secured revolving loan ($2.5 par due 3/2024) |   | 9.30% (Libor + 6.50%/Q) |   | 3/30/2018 |   | 2.5 |  |   | 2.5 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured revolving loan ($0.8 par due 3/2024) |   | 9.32% (Libor + 6.50%/Q) |   | 3/30/2018 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($6.0 par due 3/2024) |   | 9.32% (Libor + 6.50%/Q) |   | 3/30/2018 |   | 6.0 |  |   | 6.0 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($28.5 par due 3/2024) |   | 9.30% (Libor + 6.50%/Q) |   | 3/30/2018 |   | 28.5 |  |   | 28.5 |  | (3)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 37.8 |  |   | 37.8 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 2,850.0 |  |   | 2,696.1 |  |   | 36.95 | % |
| Business Services                                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accommodations Plus Technologies LLC and Accommodations Plus Technologies Holdings LLC (19)   |   | Provider of outsourced crew accommodations and logistics management solutions to the airline industry |   | First lien senior secured loan ($12.5 par due 5/2024) |   | 7.62% (Libor + 5.00%/S) |   | 5/11/2018 |   | 12.5 |  |   | 12.5 |  | (2)(15) |   |
|                                                                                          |   |   |   | Class A common units (236,358 units) |   |   |   | 5/11/2018 |   | 4.5 |  |   | 6.4 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 17.0 |  |   | 18.9 |  |   |   |
| Achilles Acquisition LLC (19)                                                                 |   | Benefits broker and outsourced workflow automation platform provider for brokers |   | First lien senior secured loan ($16.7 par due 10/2025) |   | 6.56% (Libor + 4.00%/M) |   | 10/11/2018 |   | 16.7 |  |   | 16.7 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($21.4 par due 10/2025) |   | 6.56% (Libor + 4.00%/M) |   | 10/11/2018 |   | 21.4 |  |   | 21.3 |  | (2)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 38.1 |  |   | 38.0 |  |   |   |
| Blue Campaigns Intermediate Holding Corp. and Elevate Parent, Inc. (dba EveryAction) (19)     |   | Provider of fundraising and organizing efforts and digital services to non-profits and political campaigns |   | First lien senior secured loan ($27.5 par due 8/2023) |   | 9.40% (Libor + 6.75%/Q) |   | 8/20/2018 |   | 27.5 |  |   | 27.4 |  | (2)(15) |   |
|                                                                                          |   |   |   | Series A preferred stock (150,000 shares) |   |   |   | 9/26/2018 |   | 1.5 |  |   | 1.5 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 29.0 |  |   | 28.9 |  |   |   |
| CallMiner, Inc.                                                                               |   | Provider of cloud-based conversational analytics solutions |   | Warrant to purchase up to 2,350,636 shares of Series 1 preferred stock (expires 7/2024) |   |   |   | 7/23/2014 |   | — |  |   | — |  | (2) |   |
| Chesapeake Research Review, LLC and Schulman Associates Institutional Review Board, Inc. (19) |   | Provider of central institutional review boards over clinical trials |   | First lien senior secured loan ($15.8 par due 11/2023) |   | 8.55% (Libor + 5.75%/Q) |   | 11/7/2017 |   | 15.8 |  |   | 15.8 |  | (2)(15) |   |
| CMW Parent LLC (fka Black Arrow, Inc.)                                                        |   | Multiplatform media firm |   | Series A units (32 units) |   |   |   | 9/11/2015 |   | — |  |   | — |  | (2) |   |
| Command Alkon Incorporated (19)                                                               |   | Software solutions provider to the ready-mix concrete industry |   | First lien senior secured revolving loan ($2.9 par due 9/2022) |   | 9.50% (Base Rate + 4.00%/M) |   | 9/1/2017 |   | 2.9 |  |   | 2.9 |  | (2)(15)(18) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($20.4 par due 9/2023) |   | 7.35% (Libor + 5.00%/M) |   | 9/1/2017 |   | 20.4 |  |   | 20.2 |  | (2)(15) |   |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                       |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                             |   |   |   | Second lien senior secured loan ($33.8 par due 3/2024) |   | 11.35% (Libor + 9.00%/M) |   | 9/1/2017 |   | 33.8 |  |   | 33.1 |  | (2)(15) |   |
|                                             |   |   |   |   |   |   |   |   |   | 57.1 |  |   | 56.2 |  |   |   |
| Compusearch Software Systems, Inc.               |   | Provider of enterprise software and services for organizations in the public sector |   | Second lien senior secured loan ($51.0 par due 11/2021) |   | 11.36% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 51.0 |  |   | 51.0 |  | (3)(15) |   |
| Compuware Parent, LLC                            |   | Web and mobile cloud performance testing and monitoring services provider |   | Class A-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 2.3 |  |   | 2.6 |  | (2) |   |
|                                             |   |   |   | Class B-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 0.5 |  |   | 0.5 |  | (2) |   |
|                                             |   |   |   | Class C-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 0.3 |  |   | 0.3 |  | (2) |   |
|                                             |   |   |   | Class A-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   | Class B-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   | Class C-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 3.1 |  |   | 3.4 |  |   |   |
| Directworks, Inc. and Co-Exprise Holdings, Inc.  |   | Provider of cloud-based software solutions for direct materials sourcing and supplier management for manufacturers |   | First lien senior secured loan ($1.8 par due 4/2018) |   |   |   | 12/19/2014 |   | 1.3 |  |   | 0.2 |  | (2)(14) |   |
|                                             |   |   |   | Warrant to purchase up to 1,875,000 shares of Series 1 preferred stock (expires 12/2024) |   |   |   | 12/19/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 1.3 |  |   | 0.2 |  |   |   |
| Doxim Inc. (8)(19)                               |   | Enterprise content management provider |   | First lien senior secured loan ($3.6 par due 2/2024) |   | 8.79% (Libor + 6.00%/Q) |   | 2/28/2018 |   | 3.6 |  |   | 3.6 |  | (2)(12)(15) |   |
|                                             |   |   |   | First lien senior secured loan ($10.2 par due 2/2024) |   | 8.80% (Libor + 6.00%/Q) |   | 2/28/2018 |   | 10.0 |  |   | 10.2 |  | (2)(12)(15) |   |
|                                             |   |   |   |   |   |   |   |   |   | 13.6 |  |   | 13.8 |  |   |   |
| DRB Holdings, LLC (19)                           |   | Provider of integrated technology solutions to car wash operators |   | First lien senior secured revolving loan ($3.3 par due 10/2023) |   | 8.78% (Libor + 6.00%/Q) |   | 10/6/2017 |   | 3.3 |  |   | 3.3 |  | (2)(15) |   |
|                                             |   |   |   | First lien senior secured loan ($23.7 par due 10/2023) |   | 8.80% (Libor + 6.00%/Q) |   | 10/6/2017 |   | 23.7 |  |   | 23.7 |  | (3)(15) |   |
|                                             |   |   |   |   |   |   |   |   |   | 27.0 |  |   | 27.0 |  |   |   |
| DTI Holdco, Inc. and OPE DTI Holdings, Inc. (19) |   | Provider of legal process outsourcing and managed services |   | First lien senior secured revolving loan ($0.9 par due 9/2021) |   | 6.93% (Libor + 4.50%/M) |   | 9/23/2016 |   | 0.9 |  |   | 0.9 |  | (2)(15) |   |
|                                             |   |   |   | First lien senior secured revolving loan ($1.3 par due 9/2021) |   | 6.97% (Libor + 4.50%/M) |   | 9/23/2016 |   | 1.3 |  |   | 1.3 |  | (2)(15) |   |
|                                             |   |   |   | Class A common stock (7,500 shares) |   |   |   | 8/19/2014 |   | 7.5 |  |   | 7.4 |  | (2) |   |
|                                             |   |   |   | Class B common stock (7,500 shares) |   |   |   | 8/19/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 9.7 |  |   | 9.6 |  |   |   |
| Emergency Communications Network, LLC (19)       |   | Provider of mission critical emergency mass notification solutions |   | First lien senior secured loan ($25.1 par due 6/2023) |   | 8.77% (Libor + 6.25%/M) |   | 6/1/2017 |   | 25.0 |  |   | 24.4 |  | (2)(15) |   |
|                                             |   |   |   | First lien senior secured loan ($19.7 par due 6/2023) |   | 8.77% (Libor + 6.25%/M) |   | 6/1/2017 |   | 19.6 |  |   | 19.2 |  | (4)(15) |   |
|                                             |   |   |   |   |   |   |   |   |   | 44.6 |  |   | 43.6 |  |   |   |
| EN Engineering, L.L.C. (19)                      |   | National utility services firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets |   | First lien senior secured loan ($0.3 par due 6/2021) |   | 7.02% (Libor + 4.50%/M) |   | 6/30/2015 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                              |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                    |   |   |   | First lien senior secured loan ($6.8 par due 6/2021) |   | 7.02% (Libor + 4.50%/M) |   | 6/30/2015 |   | 6.8 |  |   | 6.8 |  | (2)(15) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 7.1 |  |   | 7.1 |  |   |   |
| Entertainment Partners, LLC and Entertainment Partners Canada Inc. (19) |   | Provider of entertainment workforce and production management solutions |   | First lien senior secured loan ($1.4 par due 5/2022) |   | 7.77% (CIBOR + 5.50%/M) |   | 5/8/2017 |   | 1.4 |  |   | 1.4 |  | (2)(8)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($2.6 par due 5/2022) |   | 7.71% (Libor + 5.50%/M) |   | 5/8/2017 |   | 2.6 |  |   | 2.6 |  | (2)(8)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($2.6 par due 5/2022) |   | 7.85% (Libor + 5.50%/M) |   | 5/8/2017 |   | 2.6 |  |   | 2.6 |  | (2)(8)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($0.3 par due 5/2023) |   | 8.34% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($26.4 par due 5/2023) |   | 8.34% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 26.4 |  |   | 26.4 |  | (3)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($0.3 par due 5/2023) |   | 8.55% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($22.0 par due 5/2023) |   | 8.55% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 22.0 |  |   | 22.0 |  | (3)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($0.3 par due 5/2023) |   | 8.59% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($26.4 par due 5/2023) |   | 8.59% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 26.4 |  |   | 26.4 |  | (3)(15) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 82.3 |  |   | 82.3 |  |   |   |
| Episerver Inc. and Goldcup 17308 AB (8)(19)                             |   | Provider of web content management and digital commerce solutions |   | First lien senior secured loan ($27.7 par due 10/2024) |   | 8.27% (Libor + 5.75%/M) |   | 10/9/2018 |   | 27.7 |  |   | 27.4 |  | (2)(15) |   |
| First Insight, Inc.                                                     |   | Software company providing merchandising and pricing solutions to companies worldwide |   | Warrant to purchase up to 122,827 units of Series C preferred stock (expires 3/2024) |   |   |   | 3/20/2014 |   | — |  |   | — |  | (2) |   |
| Foundation Risk Partners, Corp. (19)                                    |   | Full service independent insurance agency |   | First lien senior secured loan ($7.8 par due 11/2023) |   | 7.10% (Libor + 4.75%/M) |   | 11/10/2017 |   | 7.8 |  |   | 7.8 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($1.0 par due 11/2023) |   | 7.17% (Libor + 4.75%/Q) |   | 8/9/2018 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($3.4 par due 11/2023) |   | 7.34% (Libor + 4.75%/Q) |   | 8/9/2018 |   | 3.4 |  |   | 3.4 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($5.2 par due 11/2023) |   | 7.21% (Libor + 4.75%/Q) |   | 8/9/2018 |   | 5.2 |  |   | 5.2 |  | (2)(15) |   |
|                                                                    |   |   |   | First lien senior secured loan ($22.3 par due 11/2023) |   | 7.10% (Libor + 4.75%/M) |   | 11/10/2017 |   | 22.3 |  |   | 22.3 |  | (3)(15) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($3.0 par due 11/2024) |   | 10.92% (Libor + 8.50%/Q) |   | 8/9/2018 |   | 3.0 |  |   | 3.0 |  | (2)(15) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($12.4 par due 11/2024) |   | 11.09% (Libor + 8.50%/Q) |   | 8/9/2018 |   | 12.4 |  |   | 12.4 |  | (2)(15) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($19.1 par due 11/2024) |   | 10.96% (Libor + 8.50%/Q) |   | 8/9/2018 |   | 19.1 |  |   | 19.1 |  | (2)(15) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($27.5 par due 11/2024) |   | 10.85% (Libor + 8.50%/M) |   | 11/10/2017 |   | 27.5 |  |   | 27.5 |  | (2)(15) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 101.7 |  |   | 101.7 |  |   |   |
| Genesis Acquisition Co. and Genesis Holding Co. (19)                    |   | Child care management software and services provider |   | First lien senior secured loan ($5.5 par due 7/2024) |   | 6.52% (Libor + 4.00%/M) |   | 7/31/2018 |   | 5.5 |  |   | 5.4 |  | (2)(15) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($25.8 par due 7/2025) |   | 10.02% (Libor + 7.50%/M) |   | 7/31/2018 |   | 25.8 |  |   | 25.4 |  | (2)(15) |   |
|                                                                    |   |   |   | Class A common stock (8 shares) |   |   |   | 7/31/2018 |   | 0.8 |  |   | 0.8 |  | (2) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 32.1 |  |   | 31.6 |  |   |   |
| GTCR-Ultra Holdings III, LLC and GTCR-Ultra Holdings LLC (19)           |   | Provider of payment processing and merchant acquiring solutions |   | First lien senior secured loan ($6.5 par due 8/2024) |   | 7.77% (Libor + 5.25%/M) |   | 12/31/2018 |   | 6.5 |  |   | 6.5 |  | (2)(15) |   |
|                                                                    |   |   |   | Class A-2 units (911 units) |   |   |   | 8/1/2017 |   | 0.9 |  |   | 1.3 |  | (2) |   |
|                                                                    |   |   |   | Class B units (2,878,372 units) |   |   |   | 8/1/2017 |   | — |  |   | — |  | (2) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 7.4 |  |   | 7.8 |  |   |   |

----

|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| HAI Acquisition Corporation and Aloha Topco, LLC (19)                                         |   | Professional employer organization offering human resources, compliance and risk management services |   | First lien senior secured loan ($66.2 par due 11/2024) |   | 8.59% (Libor + 6.00%/Q) |   | 11/1/2017 |   | 66.2 |  |   | 65.6 |  | (3)(15) |   |
|                                                                                          |   |   |   | Class A units (16,980 units) |   |   |   | 11/1/2017 |   | 1.7 |  |   | 1.8 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 67.9 |  |   | 67.4 |  |   |   |
| Help/Systems Holdings, Inc. (19)                                                              |   | Provider of IT operations management and cybersecurity software |   | First lien senior secured revolving loan ($1.0 par due 3/2023) |   | 6.27% (Libor + 3.75%/M) |   | 3/29/2018 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
| IfByPhone Inc.                                                                                |   | Voice-based marketing automation software provider |   | Warrant to purchase up to 124,300 shares of Series C preferred stock (expires 10/2022) |   |   |   | 10/15/2012 |   | 0.1 |  |   | 0.1 |  | (2) |   |
| Implementation Management Assistance, LLC (19)                                                |   | Revenue cycle consulting firm to the healthcare industry |   | First lien senior secured revolving loan ($5.5 par due 12/2023) |   | 9.00% (Base Rate + 3.50%/Q) |   | 12/13/2017 |   | 5.5 |  |   | 5.5 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($17.0 par due 12/2023) |   | 7.30% (Libor + 4.50%/Q) |   | 12/13/2017 |   | 17.0 |  |   | 16.8 |  | (2)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 22.5 |  |   | 22.3 |  |   |   |
| Infinite Electronics, Inc. (19)                                                               |   | Manufacturer and distributor of radio frequency and microwave electronic components |   | First lien senior secured revolving loan |   | — |   | 7/2/2018 |   | — |  |   | — |  | (17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($10.3 par due 7/2025) |   | 6.52% (Libor + 4.00%/M) |   | 7/2/2018 |   | 10.3 |  |   | 10.2 |  | (2)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 10.3 |  |   | 10.2 |  |   |   |
| Infogix, Inc. and Infogix Parent Corporation (19)                                             |   | Enterprise data analytics and integrity software solutions provider |   | Series A preferred stock (2,475 shares) |   |   |   | 1/3/2017 |   | 2.5 |  |   | 2.5 |  |   |   |
|                                                                                          |   |   |   | Common stock (1,297,768 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 2.5 |  |   | 2.5 |  |   |   |
| Inmar, Inc.                                                                                   |   | Technology-driven solutions provider for retailers, wholesalers and manufacturers |   | Second lien senior secured loan ($28.3 par due 5/2025) |   | 10.52% (Libor + 8.00%/M) |   | 4/25/2017 |   | 27.9 |  |   | 28.3 |  | (2)(15) |   |
| InterVision Systems, LLC and InterVision Holdings, LLC                                        |   | Provider of cloud based IT solutions, infrastructure and services |   | First lien senior secured loan ($16.4 par due 5/2022) |   | 10.55% (Libor + 8.08%/M) |   | 5/31/2017 |   | 16.4 |  |   | 15.9 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($24.7 par due 5/2022) |   | 10.24% (Libor + 7.72%/M) |   | 5/31/2017 |   | 24.7 |  |   | 24.0 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($10.0 par due 5/2022) |   | 10.24% (Libor + 7.72%/M) |   | 5/31/2017 |   | 10.0 |  |   | 9.7 |  | (4)(15) |   |
|                                                                                          |   |   |   | Class A membership units (1,000 units) |   |   |   | 5/31/2017 |   | 1.0 |  |   | 0.6 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 52.1 |  |   | 50.2 |  |   |   |
| iParadigms Holdings, LLC                                                                      |   | Anti-plagiarism software provider to the education market |   | Second lien senior secured loan ($32.5 par due 7/2022) |   | 10.05% (Libor + 7.25%/Q) |   | 1/3/2017 |   | 32.0 |  |   | 32.5 |  | (2)(15) |   |
| iPipeline, Inc., Internet Pipeline, Inc., iPipeline Limited and iPipeline Holdings, Inc. (19) |   | Provider of SaaS-based software solutions to the insurance and financial services industry |   | First lien senior secured loan ($11.2 par due 8/2022) |   | 7.28% (Libor + 4.75%/M) |   | 12/18/2017 |   | 11.8 |  |   | 11.2 |  | (2)(8)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($7.4 par due 8/2022) |   | 7.28% (Libor + 4.75%/M) |   | 6/15/2017 |   | 7.4 |  |   | 7.4 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($9.0 par due 8/2022) |   | 7.28% (Libor + 4.75%/M) |   | 9/15/2017 |   | 9.0 |  |   | 9.0 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($16.2 par due 8/2022) |   | 7.28% (Libor + 4.75%/M) |   | 8/4/2015 |   | 16.2 |  |   | 16.2 |  | (3)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($14.5 par due 8/2022) |   | 7.28% (Libor + 4.75%/M) |   | 8/4/2015 |   | 14.5 |  |   | 14.5 |  | (4)(15) |   |
|                                                                                          |   |   |   | Preferred stock (1,100 shares) |   |   |   | 8/4/2015 |   | 1.1 |  |   | 4.3 |  | (2) |   |

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|                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                  |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                        |   |   |   | Common stock (668,781 shares) |   |   |   | 8/4/2015 |   | — |  |   | — |  | (2) |   |
|                                                                        |   |   |   |   |   |   |   |   |   | 60.0 |  |   | 62.6 |  |   |   |
| IQMS                                                                        |   | Provider of enterprise resource planning and manufacturing execution software for small and midsized manufacturers |   | First lien senior secured loan ($22.5 par due 3/2022) |   | 12.75% (Base Rate + 7.25%/Q) |   | 3/28/2017 |   | 22.5 |  |   | 22.5 |  | (3)(15) |   |
|                                                                        |   |   |   | First lien senior secured loan ($14.9 par due 3/2022) |   | 12.75% (Base Rate + 7.25%/Q) |   | 3/28/2017 |   | 14.9 |  |   | 14.9 |  | (4)(15) |   |
|                                                                        |   |   |   |   |   |   |   |   |   | 37.4 |  |   | 37.4 |  |   |   |
| IRI Holdings, Inc., IRI Group Holdings, Inc. and IRI Parent, L.P.           |   | Market research company focused on the consumer packaged goods industry |   | First lien senior secured loan ($79.0 par due 11/2025) |   | 7.02% (Libor + 4.50%/M) |   | 11/30/2018 |   | 78.2 |  |   | 77.4 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($86.8 par due 11/2026) |   | 10.52% (Libor + 8.00%/M) |   | 11/30/2018 |   | 85.3 |  |   | 85.1 |  | (2)(15) |   |
|                                                                        |   |   |   | Series A-1 preferred shares (46,900 shares) |   | 13.39% PIK (Libor + 10.50%/S) |   | 11/30/2018 |   | 46.2 |  |   | 46.9 |  | (2)(15) |   |
|                                                                        |   |   |   | Class A-1 common units (90,500 units) |   |   |   | 11/30/2018 |   | 9.1 |  |   | 9.1 |  | (2) |   |
|                                                                        |   |   |   |   |   |   |   |   |   | 218.8 |  |   | 218.5 |  |   |   |
| Kaufman, Hall & Associates, LLC (19)                                    |   | Provider of specialty advisory services and software solutions to the healthcare market |   | First lien senior secured loan ($25.0 par due 5/2025) |   | 7.64% (Libor + 5.25%/M) |   | 11/9/2018 |   | 25.0 |  |   | 24.8 |  | (2)(15) |   |
| Labstat International Inc. (8)(19)                                          |   | Lab testing services for nicotine containing products |   | First lien senior secured loan ($5.0 par due 6/2024) |   | 8.55% (CIBOR + 6.25%/Q) |   | 10/19/2018 |   | 5.2 |  |   | 5.0 |  | (2)(15) |   |
|                                                                        |   |   |   | First lien senior secured loan ($19.2 par due 6/2024) |   | 8.55% (CIBOR + 6.25%/Q) |   | 6/25/2018 |   | 19.8 |  |   | 19.2 |  | (2)(15) |   |
|                                                                        |   |   |   |   |   |   |   |   |   | 25.0 |  |   | 24.2 |  |   |   |
| LLSC Holdings Corporation (dba Lawrence Merchandising Services) (7)         |   | Marketing services provider |   | Series A preferred stock (9,000 shares) |   |   |   | 1/3/2017 |   | 1.8 |  |   | 0.4 |  |   |   |
|                                                                        |   |   |   | Common stock (1,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                        |   |   |   |   |   |   |   |   |   | 1.8 |  |   | 0.4 |  |   |   |
| Masergy Holdings, Inc. (19)                                                 |   | Provider of software-defined solutions for enterprise global networks, cyber security, and cloud communications |   | First lien senior secured revolving loan ($0.2 par due 12/2021) |   | 6.02% (Libor + 3.50%/M) |   | 2/8/2018 |   | 0.2 |  |   | 0.1 |  | (2)(15)(18) |   |
| Ministry Brands, LLC and MB Parent HoldCo, L.P. (dba Community Brands) (19) |   | Software and payment services provider to faith-based institutions |   | First lien senior secured loan ($4.9 par due 12/2022) |   | 6.52% (Libor + 4.00%/M) |   | 8/22/2017 |   | 4.9 |  |   | 4.9 |  | (2)(15) |   |
|                                                                        |   |   |   | First lien senior secured loan ($10.5 par due 12/2022) |   | 6.52% (Libor + 4.00%/M) |   | 4/6/2017 |   | 10.5 |  |   | 10.5 |  | (2)(15) |   |
|                                                                        |   |   |   | First lien senior secured loan ($14.5 par due 12/2022) |   | 6.52% (Libor + 4.00%/M) |   | 4/6/2017 |   | 14.4 |  |   | 14.5 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($16.6 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 12/2/2016 |   | 16.6 |  |   | 16.6 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($17.9 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 8/22/2017 |   | 17.9 |  |   | 17.9 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($4.7 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 4/6/2017 |   | 4.7 |  |   | 4.7 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($7.0 par due 6/2023) |   | 10.52% (Libor + 8.00%/M) |   | 4/18/2018 |   | 7.0 |  |   | 7.0 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($9.2 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 4/6/2017 |   | 9.2 |  |   | 9.2 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($38.6 par due 6/2023) |   | 10.52% (Libor + 8.00%/M) |   | 4/18/2018 |   | 38.6 |  |   | 38.6 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($75.0 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 12/2/2016 |   | 74.5 |  |   | 75.0 |  | (2)(15) |   |
|                                                                        |   |   |   | Second lien senior secured loan ($15.0 par due 6/2023) |   | 11.77% (Libor + 9.25%/M) |   | 12/2/2016 |   | 14.9 |  |   | 15.0 |  | (3)(15) |   |

----

|                                                                                        |
|----------------------------------------------------------------------------------------|
|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                             |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                   |   |   |   | Class A units (500,000 units) |   |   |   | 12/2/2016 |   | 5.0 |  |   | 6.8 |  | (2) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 218.2 |  |   | 220.7 |  |   |   |
| MVL Group, Inc. (7)                                                                    |   | Marketing research provider |   | Common stock (560,716 shares) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
| NAS, LLC, Nationwide Marketing Group, LLC and Nationwide Administrative Services, Inc. |   | Buying and marketing services organization for appliance, furniture and consumer electronics dealers |   | Second lien senior secured loan ($24.1 par due 12/2021) |   | 11.15% (Libor + 8.75%/Q) |   | 6/1/2015 |   | 24.1 |  |   | 24.1 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($7.0 par due 12/2021) |   | 11.14% (Libor + 8.75%/Q) |   | 6/1/2015 |   | 7.0 |  |   | 7.0 |  | (2)(15) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 31.1 |  |   | 31.1 |  |   |   |
| Novetta Solutions, LLC                                                                 |   | Provider of advanced analytics solutions for the government, defense and commercial industries |   | First lien senior secured loan ($8.6 par due 10/2022) |   | 7.53% (Libor + 5.00%/M) |   | 1/3/2017 |   | 8.4 |  |   | 8.4 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($31.0 par due 10/2023) |   | 11.03% (Libor + 8.50%/M) |   | 1/3/2017 |   | 28.8 |  |   | 28.5 |  | (2)(15) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 37.2 |  |   | 36.9 |  |   |   |
| NSM Insurance Group, LLC                                                               |   | Insurance program administrator |   | First lien senior secured loan ($6.7 par due 5/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 5/11/2018 |   | 6.7 |  |   | 6.7 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($10.2 par due 5/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 12/3/2018 |   | 10.2 |  |   | 10.2 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($13.1 par due 5/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 5/11/2018 |   | 13.1 |  |   | 13.1 |  | (3)(15) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 30.0 |  |   | 30.0 |  |   |   |
| PayNearMe, Inc.                                                                        |   | Electronic cash payment system provider |   | Warrant to purchase up to 195,726 shares of Series E preferred stock (expires 3/2023) |   |   |   | 3/11/2016 |   | 0.2 |  |   | — |  | (2) |   |
| PDI TA Holdings, Inc. (19)                                                             |   | Provider of enterprise management software for the convenience retail and petroleum wholesale markets |   | First lien senior secured loan ($5.0 par due 10/2024) |   | 6.90% (Libor + 4.50%/Q) |   | 4/11/2018 |   | 5.0 |  |   | 5.0 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($0.4 par due 10/2024) |   | 7.21% (Libor + 4.50%/Q) |   | 4/11/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($5.1 par due 10/2024) |   | 6.92% (Libor + 4.50%/Q) |   | 8/25/2017 |   | 5.1 |  |   | 5.1 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($2.7 par due 10/2024) |   | 7.04% (Libor + 4.50%/Q) |   | 8/25/2017 |   | 2.7 |  |   | 2.7 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($23.4 par due 10/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 8/25/2017 |   | 23.4 |  |   | 23.4 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($4.3 par due 10/2024) |   | 6.11% (Libor + 4.50%/Q) |   | 10/24/2018 |   | 4.3 |  |   | 4.3 |  | (2)(15) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($45.0 par due 10/2024) |   | 7.23% (Libor + 4.75%/Q) |   | 10/24/2018 |   | 45.0 |  |   | 45.0 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($8.2 par due 10/2025) |   | 11.04% (Libor + 8.50%/Q) |   | 8/25/2017 |   | 8.2 |  |   | 8.2 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($6.5 par due 10/2025) |   | 10.91% (Libor + 8.50%/Q) |   | 8/25/2017 |   | 6.5 |  |   | 6.5 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($1.9 par due 10/2025) |   | 10.98% (Libor + 8.50%/Q) |   | 8/25/2017 |   | 1.9 |  |   | 1.9 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($23.2 par due 10/2025) |   | 11.00% (Libor + 8.50%/Q) |   | 8/25/2017 |   | 23.2 |  |   | 23.2 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($6.4 par due 10/2025) |   | 11.11% (Libor + 8.50%/Q) |   | 10/24/2018 |   | 6.4 |  |   | 6.4 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($52.9 par due 10/2025) |   | 10.99% (Libor + 8.50%/Q) |   | 10/24/2018 |   | 52.9 |  |   | 52.9 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($16.7 par due 10/2025) |   | 11.17% (Libor + 8.75%/Q) |   | 4/11/2018 |   | 16.7 |  |   | 16.7 |  | (2)(15) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($66.8 par due 10/2025) |   | 11.21% (Libor + 8.50%/Q) |   | 8/25/2017 |   | 66.8 |  |   | 66.8 |  | (2)(15) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 268.5 |  |   | 268.5 |  |   |   |
| PHL Investors, Inc., and PHL Holding Co. (7)                                           |   | Mortgage services |   | Class A common stock (576 shares) |   |   |   | 7/31/2012 |   | 3.8 |  |   | — |  | (2) |   |

----

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                 |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| PHNTM Holdings, Inc. and Planview Parent, Inc.                                             |   | Provider of project and portfolio management software |   | First lien senior secured loan ($1.4 par due 1/2023) |   | 7.77% (Libor + 5.25%/M) |   | 1/27/2017 |   | 1.4 |  |   | 1.4 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($62.0 par due 7/2023) |   | 12.27% (Libor + 9.75%/M) |   | 1/27/2017 |   | 61.3 |  |   | 62.0 |  | (2)(15) |   |
|                                                                                       |   |   |   | Class A common shares (990 shares) |   |   |   | 1/27/2017 |   | 1.0 |  |   | 1.1 |  | (2) |   |
|                                                                                       |   |   |   | Class B common shares (168,329 shares) |   |   |   | 1/27/2017 |   | — |  |   | 0.2 |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 63.7 |  |   | 64.7 |  |   |   |
| Poplicus Incorporated                                                                      |   | Business intelligence and market analytics platform for companies that sell to the public sector |   | Warrant to purchase up to 2,402,991 shares of Series C preferred stock (expires 6/2025) |   |   |   | 6/25/2015 |   | 0.1 |  |   | — |  | (2) |   |
| Production Resource Group, L.L.C.                                                          |   | Provider of rental equipment, labor, production management, scenery, and other products to various entertainment end-markets |   | First lien senior secured loan ($21.0 par due 8/2024) |   | 9.65% (Libor + 7.00%/Q) |   | 8/21/2018 |   | 21.0 |  |   | 20.6 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($80.0 par due 8/2024) |   | 9.65% (Libor + 7.00%/Q) |   | 8/21/2018 |   | 80.0 |  |   | 78.4 |  | (3)(15) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 101.0 |  |   | 99.0 |  |   |   |
| Project Alpha Intermediate Holding, Inc. and Qlik Parent, Inc.                             |   | Provider of data visualization software for data analytics |   | Class A common shares (7,445 shares) |   |   |   | 8/22/2016 |   | 7.4 |  |   | 9.6 |  | (2) |   |
|                                                                                       |   |   |   | Class B common shares (1,841,609 shares) |   |   |   | 8/22/2016 |   | 0.1 |  |   | 0.1 |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 7.5 |  |   | 9.7 |  |   |   |
| R2 Acquisition Corp.                                                                       |   | Marketing services |   | Common stock (250,000 shares) |   |   |   | 5/29/2007 |   | 0.3 |  |   | 0.2 |  | (2) |   |
| SCM Insurance Services Inc. (8)(19)                                                        |   | Provider of claims management, claims investigation & support and risk management solutions for the Canadian property and casualty insurance industry |   | First lien senior secured revolving loan ($2.4 par due 8/2022) |   | 7.95% (Base Rate + 4.00%/Q) |   | 8/29/2017 |   | 2.5 |  |   | 2.4 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($19.5 par due 8/2024) |   | 7.28% (CIBOR + 5.00%/M) |   | 8/29/2017 |   | 21.3 |  |   | 18.9 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($55.6 par due 3/2025) |   | 11.28% (CIBOR + 9.00%/M) |   | 8/29/2017 |   | 60.5 |  |   | 52.3 |  | (2)(15) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 84.3 |  |   | 73.6 |  |   |   |
| SpareFoot, LLC (19)                                                                        |   | PMS solutions and web services for the self-storage industry. |   | First lien senior secured revolving loan ($0.3 par due 4/2023) |   | 6.77% (Libor + 4.25%/M) |   | 4/13/2018 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($1.2 par due 4/2024) |   | 6.77% (Libor + 4.25%/M) |   | 8/31/2018 |   | 1.1 |  |   | 1.2 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($4.7 par due 4/2024) |   | 6.77% (Libor + 4.25%/M) |   | 4/13/2018 |   | 4.6 |  |   | 4.7 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($4.2 par due 4/2025) |   | 10.77% (Libor + 8.25%/M) |   | 8/31/2018 |   | 4.1 |  |   | 4.2 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($6.1 par due 4/2025) |   | 10.77% (Libor + 8.25%/M) |   | 4/13/2018 |   | 6.0 |  |   | 6.1 |  | (2)(15) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 16.1 |  |   | 16.5 |  |   |   |
| Sparta Systems, Inc., Project Silverback Holdings Corp. and Silverback Holdings, Inc. (19) |   | Quality management software provider |   | Second lien senior secured loan ($20.0 par due 8/2025) |   | 10.76% (Libor + 8.25%/M) |   | 8/21/2017 |   | 19.7 |  |   | 17.4 |  | (2)(15) |   |
|                                                                                       |   |   |   | Series B preferred shares (10,084 shares) |   |   |   | 8/21/2017 |   | 1.1 |  |   | 0.5 |  |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 20.8 |  |   | 17.9 |  |   |   |
| Syntax USA Acquisition Corporation (8)(19)                                                 |   | Provider of cloud ERP hosting and consulting services for Oracle users |   | First lien senior secured revolving loan ($1.8 par due 4/2021) |   | 6.67% (Libor + 4.25%/S) |   | 2/8/2018 |   | 1.8 |  |   | 1.7 |  | (2)(15) |   |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                           |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Telestream Holdings Corporation (19) |   | Provider of digital video tools and workflow solutions to the media and entertainment industries |   | First lien senior secured revolving loan ($0.5 par due 3/2022) |   | 10.95% (Base Rate + 5.45%/Q) |   | 2/8/2018 |   | 0.5 |  |   | 0.5 |  | (2)(15)(18) |   |
| TU BidCo, Inc. (19)                  |   | Provider of outsourced customer service management solutions and back-office support services to e-commerce, software and tech-enabled services industries |   | First lien senior secured loan ($18.1 par due 10/2023) |   | 6.80% (Libor + 4.00%/Q) |   | 10/1/2018 |   | 18.1 |  |   | 18.0 |  | (3)(15) |   |
| UL Holding Co., LLC (6)              |   | Provider of collection and landfill avoidance solutions for food waste and unsold food products |   | Senior subordinated loan ($3.2 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 1.1 |  |   | 3.2 |  | (2) |   |
|                                 |   |   |   | Senior subordinated loan ($0.4 par due 5/2020) |   |   |   | 4/30/2012 |   | 0.2 |  |   | 0.4 |  | (2) |   |
|                                 |   |   |   | Senior subordinated loan ($6.8 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 2.5 |  |   | 6.8 |  | (2) |   |
|                                 |   |   |   | Senior subordinated loan ($0.5 par due 5/2020) |   |   |   | 4/30/2012 |   | 0.2 |  |   | 0.5 |  | (2) |   |
|                                 |   |   |   | Senior subordinated loan ($27.1 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 9.9 |  |   | 27.1 |  | (2) |   |
|                                 |   |   |   | Senior subordinated loan ($3.8 par due 5/2020) |   |   |   | 4/30/2012 |   | 1.4 |  |   | 3.8 |  | (2) |   |
|                                 |   |   |   | Class A common units (533,351 units) |   |   |   | 6/17/2011 |   | 5.0 |  |   | 0.3 |  | (2) |   |
|                                 |   |   |   | Class B-5 common units (272,834 units) |   |   |   | 6/17/2011 |   | 2.5 |  |   | 0.2 |  | (2) |   |
|                                 |   |   |   | Class C common units (758,546 units) |   |   |   | 4/25/2008 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 719,044 shares of Class A units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 28,663 shares of Class B-1 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 57,325 shares of Class B-2 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 29,645 shares of Class B-3 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 80,371 shares of Class B-5 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 59,655 shares of Class B-6 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   | Warrant to purchase up to 1,046,713 shares of Class C units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                                 |   |   |   |   |   |   |   |   |   | 22.8 |  |   | 42.3 |  |   |   |
| Velocity Holdings Corp.              |   | Hosted enterprise resource planning application management services provider |   | Common units (1,713,546 units) |   |   |   | 12/13/2013 |   | 4.5 |  |   | 3.6 |  |   |   |
| Visual Edge Technology, Inc. (19)    |   | Provider of outsourced office solutions with a focus on printer and copier equipment and other parts and supplies |   | First lien senior secured loan ($15.7 par due 8/2022) |   | 8.27% (Libor + 5.75%/M) |   | 8/31/2017 |   | 15.6 |  |   | 15.7 |  | (2)(15) |   |
|                                 |   |   |   | First lien senior secured loan ($16.7 par due 8/2022) |   | 8.27% (Libor + 5.75%/M) |   | 8/31/2017 |   | 16.7 |  |   | 16.7 |  | (2)(15) |   |
|                                 |   |   |   | Senior subordinated loan ($56.0 par due 9/2024) |   | 12.50% PIK |   | 8/31/2017 |   | 52.7 |  |   | 56.0 |  | (2) |   |

----

|                                                         |
|---------------------------------------------------------|
|                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                              |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                    |   |   |   | Warrant to purchase up to 1,816,089 shares of common stock (expires 8/2027) |   |   |   | 8/31/2017 |   | — |  |   | 0.8 |  | (2) |   |
|                                                    |   |   |   | Warrant to purchase up to 2,070,511 shares of preferred stock (expires 8/2027) |   |   |   | 8/31/2017 |   | 3.9 |  |   | 3.9 |  | (2) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 88.9 |  |   | 93.1 |  |   |   |
| VRC Companies, LLC (19)                                 |   | Provider of records and information management services |   | First lien senior secured revolving loan ($0.6 par due 3/2022) |   | 9.02% (Libor + 6.50%/M) |   | 4/17/2017 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 11.00% (Base Rate + 5.50%/M) |   | 4/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured loan ($2.3 par due 3/2023) |   | 9.02% (Libor + 6.50%/M) |   | 3/31/2017 |   | 2.3 |  |   | 2.3 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured loan ($0.2 par due 3/2023) |   | 9.11% (Libor + 6.50%/S) |   | 9/28/2018 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured loan ($5.0 par due 3/2023) |   | 9.02% (Libor + 6.50%/S) |   | 9/28/2018 |   | 5.0 |  |   | 5.0 |  | (2)(15) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 8.3 |  |   | 8.3 |  |   |   |
| WorldPay Group PLC (8)                                  |   | Payment processing company |   | C2 shares (73,974 shares) |   |   |   | 10/21/2015 |   | — |  |   | — |  | (22) |   |
| Worldwide Facilities, LLC (19)                          |   | Specialty insurance wholesale broker |   | First lien senior secured revolving loan ($0.4 par due 4/2024) |   | 6.77% (Libor + 4.25%/M) |   | 5/3/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured loan ($1.3 par due 4/2024) |   | 7.05% (Libor + 4.25%/Q) |   | 5/3/2018 |   | 1.3 |  |   | 1.2 |  | (2)(15) |   |
|                                                    |   |   |   | First lien senior secured loan ($1.6 par due 4/2024) |   | 7.05% (Libor + 4.25%/Q) |   | 5/3/2018 |   | 1.6 |  |   | 1.6 |  | (2)(15) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 3.3 |  |   | 3.2 |  |   |   |
| XIFIN, Inc. (19)                                        |   | Revenue cycle management provider to labs |   | First lien senior secured revolving loan |   | — |   | 2/8/2018 |   | — |  |   | — |  | (17) |   |
| Zywave, Inc. (19)                                       |   | Provider of software and technology-enabled content and analytical solutions to insurance brokers |   | First lien senior secured revolving loan ($6.3 par due 11/2022) |   | 7.52% (Libor + 5.00%/M) |   | 11/17/2016 |   | 6.3 |  |   | 6.2 |  | (2)(15) |   |
|                                                    |   |   |   | Second lien senior secured loan ($27.0 par due 11/2023) |   | 11.65% (Libor + 9.00%/Q) |   | 11/17/2016 |   | 27.0 |  |   | 26.5 |  | (2)(15) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 33.3 |  |   | 32.7 |  |   |   |
|                                                    |   |   |   |   |   |   |   |   |   | 2,214.4 |  |   | 2,219.0 |  |   | 30.41 | % |
| Consumer Products                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Badger Sportswear Acquisition, Inc.                     |   | Provider of team uniforms and athletic wear |   | Second lien senior secured loan ($56.8 par due 3/2024) |   | 11.51% (Libor + 9.00%/M) |   | 9/6/2016 |   | 56.7 |  |   | 56.8 |  | (2)(15) |   |
| BRG Sports, Inc.                                        |   | Designer, manufacturer and licensor of branded sporting goods |   | Preferred stock (2,009 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                    |   |   |   | Common stock (6,566,655 shares) |   |   |   | 1/3/2017 |   | — |  |   | 0.2 |  |   |   |
|                                                    |   |   |   |   |   |   |   |   |   | — |  |   | 0.2 |  |   |   |
| Centric Brands Inc. (fka Differential Brands Group (19) |   | Designer, marketer and distributor of licensed and owned apparel |   | First lien senior secured loan ($58.8 par due 10/2023) |   | 8.51% (Libor + 6.00%/Q) |   | 10/29/2018 |   | 58.8 |  |   | 58.2 |  | (3)(15) |   |
|                                                    |   |   |   | Common stock (3,077,875 shares) |   |   |   | 10/29/2018 |   | 24.6 |  |   | 24.6 |  | (2) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 83.4 |  |   | 82.8 |  |   |   |
| CB Trestles OpCo, LLC (19)                              |   | Apparel retailer |   | First lien senior secured loan ($26.5 par due 10/2024) |   | 8.51% (Libor + 5.75%/S) |   | 10/26/2018 |   | 26.5 |  |   | 26.3 |  | (3)(15) |   |
| Consumer Health Parent LLC                              |   | Developer and marketer of over-the-counter cold remedy products |   | Preferred units (1,072 units) |   |   |   | 12/15/2017 |   | 1.1 |  |   | 0.9 |  | (2) |   |
|                                                    |   |   |   | Series A units (1,072 units) |   |   |   | 12/15/2017 |   | — |  |   | — |  | (2) |   |
|                                                    |   |   |   |   |   |   |   |   |   | 1.1 |  |   | 0.9 |  |   |   |

----

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                         |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Feradyne Outdoors, LLC and Bowhunter Holdings, LLC                                 |   | Provider of branded archery and bowhunting accessories |   | Common units (421 units) |   |   |   | 4/24/2014 |   | 4.2 |  |   | 0.2 |  | (2) |   |
| Implus Footcare, LLC                                                               |   | Provider of footwear and other accessories |   | First lien senior secured loan ($14.2 par due 4/2021) |   | 9.55% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 14.2 |  |   | 14.2 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($5.0 par due 4/2021) |   | 9.55% (Libor + 6.75%/Q) |   | 7/17/2018 |   | 5.0 |  |   | 5.0 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($76.4 par due 4/2021) |   | 9.55% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 76.4 |  |   | 76.4 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($19.3 par due 4/2021) |   | 9.55% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 19.3 |  |   | 19.3 |  | (4)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($0.2 par due 4/2021) |   | 9.55% (Libor + 6.75%/Q) |   | 6/30/2016 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 115.1 |  |   | 115.1 |  |   |   |
| Indra Holdings Corp.                                                               |   | Designer, marketer, and distributor of rain and cold weather products |   | First lien senior secured loan ($10.0 par due 5/2021) |   | 6.77% (Libor + 4.25%/M) |   | 1/22/2018 |   | 6.8 |  |   | 6.2 |  | (2)(15) |   |
|                                                                               |   |   |   | Second lien senior secured loan ($80.0 par due 11/2021) |   |   |   | 5/1/2014 |   | 68.1 |  |   | 19.9 |  | (2)(15) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 74.9 |  |   | 26.1 |  |   |   |
| Plantation Products, LLC, Seed Holdings, Inc. and Flora Parent, Inc.               |   | Provider of branded lawn and garden products |   | Second lien senior secured loan ($56.0 par due 6/2021) |   | 9.92% (Libor + 7.39%/Q) |   | 12/23/2014 |   | 55.9 |  |   | 56.0 |  | (3)(15) |   |
|                                                                               |   |   |   | Second lien senior secured loan ($10.0 par due 6/2021) |   | 9.92% (Libor + 7.39%/Q) |   | 12/23/2014 |   | 10.0 |  |   | 10.0 |  | (4)(15) |   |
|                                                                               |   |   |   | Common stock (30,000 shares) |   |   |   | 12/23/2014 |   | 3.0 |  |   | 6.2 |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 68.9 |  |   | 72.2 |  |   |   |
| Rug Doctor, LLC and RD Holdco Inc. (7)                                             |   | Manufacturer and marketer of carpet cleaning machines |   | Second lien senior secured loan ($16.9 par due 10/2019) |   | 12.33% (Libor + 9.75%/Q) |   | 1/3/2017 |   | 16.9 |  |   | 16.9 |  | (2)(15) |   |
|                                                                               |   |   |   | Common stock (458,596 shares) |   |   |   | 1/3/2017 |   | 14.0 |  |   | 11.1 |  |   |   |
|                                                                               |   |   |   | Warrant to purchase up to 56,372 shares of common stock (expires 12/2023) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 30.9 |  |   | 28.0 |  |   |   |
| S Toys Holdings LLC (fka The Step2 Company, LLC) (7)                               |   | Toy manufacturer |   | Common units (1,116,879 units) |   |   |   | 4/1/2011 |   | — |  |   | 0.4 |  |   |   |
|                                                                               |   |   |   | Class B common units (126,278,000 units) |   |   |   | 10/30/2014 |   | — |  |   | — |  | (2) |   |
|                                                                               |   |   |   | Warrant to purchase up to 3,157,895 units |   |   |   | 4/1/2010 |   | — |  |   | — |  |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   | — |  |   | 0.4 |  |   |   |
| SHO Holding I Corporation                                                          |   | Manufacturer and distributor of slip resistant footwear |   | Second lien senior secured loan ($100.0 par due 4/2023) |   | 11.03% (Libor + 8.50%/Q) |   | 10/27/2015 |   | 98.5 |  |   | 91.0 |  | (2)(15) |   |
| Shock Doctor, Inc. and Shock Doctor Holdings, LLC (6)                              |   | Developer, marketer and distributor of sports protection equipment and accessories |   | Second lien senior secured loan ($89.4 par due 10/2021) |   | 13.49% (Libor + 11.00%/Q) |   | 4/22/2015 |   | 89.4 |  |   | 79.6 |  | (2)(15) |   |
|                                                                               |   |   |   | Class A preferred units (50,000 units) |   |   |   | 3/14/2014 |   | 5.0 |  |   | 1.0 |  | (2) |   |
|                                                                               |   |   |   | Class C preferred units (50,000 units) |   |   |   | 4/22/2015 |   | 5.0 |  |   | 1.0 |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 99.4 |  |   | 81.6 |  |   |   |
| Singer Sewing Company, SVP-Singer Holdings, LLC and SVP-Singer Holdings LP (7)(19) |   | Manufacturer of consumer sewing machines |   | First lien senior secured revolving loan ($72.6 par due 3/2023) |   | 11.39% (Libor + 9.00%/Q) |   | 7/26/2017 |   | 72.6 |  |   | 72.6 |  | (2)(15)(18) |   |
|                                                                               |   |   |   | First lien senior secured revolving loan ($4.0 par due 3/2023) |   | 11.38% (Libor + 9.00%/Q) |   | 7/26/2017 |   | 4.0 |  |   | 4.0 |  | (2)(15)(18) |   |
|                                                                               |   |   |   | First lien senior secured loan ($180.9 par due 3/2023) |   | 5.00% (Libor + 2.61%/Q) |   | 7/26/2017 |   | 174.6 |  |   | 159.1 |  | (2)(15) |   |
|                                                                               |   |   |   | Class A common units (6,500,000 units) |   |   |   | 7/26/2017 |   | — |  |   | — |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 251.2 |  |   | 235.7 |  |   |   |

----

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                 |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Touchstone Acquisition, Inc. and Touchstone Holding, L.P. (19)                             |   | Manufacturer of consumable products in the dental, medical, cosmetic and CPG/industrial end-markets |   | First lien senior secured loan ($53.7 par due 11/2025) |   | 7.27% (Libor + 4.75%/M) |   | 11/15/2018 |   | 53.7 |  |   | 53.2 |  | (2)(15) |   |
|                                                                                       |   |   |   | Class A preferred units (2,149 units) |   |   |   | 11/15/2018 |   | 2.1 |  |   | 2.1 |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 55.8 |  |   | 55.3 |  |   |   |
| Varsity Brands Holding Co., Inc. and BCPE Hercules Holdings, LP                            |   | Leading manufacturer and distributor of textiles, apparel & luxury goods |   | Second lien senior secured loan ($21.1 par due 12/2025) |   | 10.77% (Libor + 8.25%/M) |   | 7/30/2018 |   | 21.1 |  |   | 21.1 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($47.7 par due 12/2025) |   | 10.77% (Libor + 8.25%/M) |   | 12/15/2017 |   | 47.7 |  |   | 47.7 |  | (2)(15) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($75.0 par due 12/2025) |   | 10.77% (Libor + 8.25%/M) |   | 12/15/2017 |   | 75.0 |  |   | 75.0 |  | (3)(15) |   |
|                                                                                       |   |   |   | Class A units (1,400 units) |   |   |   | 7/30/2018 |   | 1.4 |  |   | 1.5 |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 145.2 |  |   | 145.3 |  |   |   |
| Woodstream Group, Inc. and Woodstream Corporation (19)                                     |   | Pet products manufacturer |   | First lien senior secured loan ($1.5 par due 5/2022) |   | 8.72% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 1.5 |  |   | 1.5 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($0.9 par due 5/2022) |   | 8.90% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 0.9 |  |   | 0.9 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($1.5 par due 5/2022) |   | 9.04% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 1.5 |  |   | 1.5 |  | (2)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($3.1 par due 5/2022) |   | 8.72% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 3.1 |  |   | 3.1 |  | (4)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($1.8 par due 5/2022) |   | 8.90% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 1.8 |  |   | 1.8 |  | (4)(15) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($3.1 par due 5/2022) |   | 9.04% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 3.1 |  |   | 3.1 |  | (4)(15) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 11.9 |  |   | 11.9 |  |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 1,123.7 |  |   | 1,029.8 |  |   | 14.11 | % |
| Financial Services                                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Amynta Agency Borrower Inc. and Amynta Warranty Borrower Inc.                              |   | Insurance service provider |   | First lien senior secured loan ($27.2 par due 2/2025) |   | 6.52% (Libor + 4.00%/M) |   | 12/21/2018 |   | 27.2 |  |   | 26.9 |  | (2)(15) |   |
| Commercial Credit Group, Inc.                                                              |   | Commercial equipment finance and leasing company |   | Senior subordinated loan ($28.0 par due 8/2022) |   | 12.10% (Libor + 9.75%/M) |   | 5/10/2012 |   | 28.0 |  |   | 28.0 |  | (2)(15) |   |
| DFC Global Facility Borrower II LLC (19)                                                   |   | Non-bank provider of alternative financial services |   | First lien senior secured revolving loan ($94.6 par due 9/2022) |   | 13.10% (Libor + 10.75%/M) |   | 9/27/2017 |   | 94.6 |  |   | 94.6 |  | (2)(15) |   |
| Financial Asset Management Systems, Inc. and FAMS Holdings, Inc. (6)                       |   | Debt collection services provider |   | Common stock (180 shares) |   |   |   | 1/11/2017 |   | — |  |   | — |  | (2) |   |
| Gordian Group, LLC                                                                         |   | Provider of products, services and software to organizations pursuing efficient and effective procurement and information solutions |   | Common stock (526 shares) |   |   |   | 11/30/2012 |   | — |  |   | — |  | (2) |   |
| Ivy Hill Asset Management, L.P. (7)(9)                                                     |   | Asset management services |   | Member interest (100.00% interest) |   |   |   | 6/15/2009 |   | 444.0 |  |   | 517.9 |  |   |   |
| Javlin Three LLC, Javlin Four LLC, and Javlin Five LLC (9)                                 |   | Asset-backed financial services company |   | First lien senior secured loan ($16.0 par due 6/2017) |   |   |   | 6/24/2014 |   | 14.7 |  |   | 10.1 |  | (2)(14) |   |
| Joyce Lane Capital LLC and Joyce Lane Financing SPV LLC (fka Ciena Capital LLC) (7)(9)(19) |   | Specialty finance company |   | First lien senior secured revolving loan ($0.8 par due 12/2022) |   | 6.81% (Libor + 4.00%/Q) |   | 12/27/2018 |   | 0.8 |  |   | 0.8 |  | (2) |   |
|                                                                                       |   |   |   | Equity interests |   |   |   | 11/29/2010 |   | 12.7 |  |   | 3.1 |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 13.5 |  |   | 3.9 |  |   |   |
| LS DE LLC and LM LSQ Investors LLC (9)                                                     |   | Asset based lender |   | Senior subordinated loan ($3.0 par due 6/2021) |   | 10.50% |   | 6/15/2017 |   | 3.0 |  |   | 3.0 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($37.0 par due 3/2024) |   | 10.50% |   | 6/25/2015 |   | 37.0 |  |   | 37.0 |  | (2) |   |
|                                                                                       |   |   |   | Membership units (3,275,000 units) |   |   |   | 6/25/2015 |   | 3.3 |  |   | 4.0 |  |   |   |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                               |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                     |   |   |   |   |   |   |   |   |   | 43.3 |  |   | 44.0 |  |   |   |
| NM GRC HOLDCO, LLC (19)                                  |   | Regulatory compliance services provider to financial institutions |   | First lien senior secured loan ($19.3 par due 2/2024) |   | 8.80% (Libor + 6.00%/Q) |   | 2/9/2018 |   | 19.3 |  |   | 19.3 |  | (2)(15) |   |
|                                                     |   |   |   | First lien senior secured loan ($60.6 par due 2/2024) |   | 8.80% (Libor + 6.00%/Q) |   | 2/9/2018 |   | 60.1 |  |   | 60.6 |  | (2)(15) |   |
|                                                     |   |   |   |   |   |   |   |   |   | 79.4 |  |   | 79.9 |  |   |   |
| Payment Alliance International, Inc. (19)                |   | Reseller of ATM process services through 3rd party processing networks |   | First lien senior secured revolving loan ($1.3 par due 9/2021) |   | 8.49% (Libor + 6.05%/M) |   | 2/8/2018 |   | 1.3 |  |   | 1.3 |  | (2)(15) |   |
|                                                     |   |   |   | First lien senior secured revolving loan ($2.1 par due 9/2021) |   | 10.30% (Base Rate + 5.05%/M) |   | 2/8/2018 |   | 2.1 |  |   | 2.1 |  | (2)(15) |   |
|                                                     |   |   |   |   |   |   |   |   |   | 3.4 |  |   | 3.4 |  |   |   |
| Rialto Management Group, LLC (9)(19)                     |   | Investment and asset management platform focused on real estate |   | First lien senior secured loan ($1.0 par due 12/2024) |   | 7.02% (Libor + 4.50%/M) |   | 11/30/2018 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
| Vela Trading Technologies, LLC (19)                      |   | Provider of market data software and content to global financial services clients |   | First lien senior secured revolving loan ($0.5 par due 6/2022) |   | 7.65% (Libor + 5.00%/Q) |   | 2/8/2018 |   | 0.5 |  |   | 0.5 |  | (2)(15) |   |
|                                                     |   |   |   | First lien senior secured loan ($4.9 par due 6/2022) |   | 7.45% (Libor + 5.00%/Q) |   | 4/17/2018 |   | 4.9 |  |   | 4.8 |  | (2)(15) |   |
|                                                     |   |   |   |   |   |   |   |   |   | 5.4 |  |   | 5.3 |  |   |   |
|                                                     |   |   |   |   |   |   |   |   |   | 754.5 |  |   | 815.0 |  |   | 11.16 | % |
| Investment Funds and Vehicles                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACAS Equity Holdings Corporation (7)(9)                  |   | Investment company |   | Common stock (589 shares) |   |   |   | 1/3/2017 |   | 0.4 |  |   | 0.4 |  |   |   |
| Ares IIIR/IVR CLO Ltd. (7)(8)(9)                         |   | Investment vehicle |   | Subordinated notes ($20.0 par due 4/2021) |   |   |   | 1/3/2017 |   | — |  |   | 0.1 |  |   |   |
| Blue Wolf Capital Fund II, L.P. (6)(8)(9)                |   | Investment partnership |   | Limited partnership interest (8.50% interest) |   |   |   | 1/3/2017 |   | 1.6 |  |   | 2.5 |  | (22) |   |
| Carlyle Global Market Strategies CLO 2015-3 (8)(9)       |   | Investment vehicle |   | Subordinated notes ($24.6 par due 7/2028) |   | 13.70% |   | 1/3/2017 |   | 14.7 |  |   | 17.1 |  |   |   |
| Centurion CDO 8 Limited (8)(9)                           |   | Investment vehicle |   | Subordinated notes ($5.0 par due 3/2019) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CoLTs 2005-1 Ltd. (7)(8)(9)                              |   | Investment vehicle |   | Preferred shares (360 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CoLTs 2005-2 Ltd. (7)(8)(9)                              |   | Investment vehicle |   | Preferred shares (34,170,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CREST Exeter Street Solar 2004-1 (8)(9)                  |   | Investment vehicle |   | Preferred shares (3,500,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Eaton Vance CDO X plc (8)(9)                             |   | Investment vehicle |   | Subordinated notes ($9.2 par due 2/2027) |   |   |   | 1/3/2017 |   | — |  |   | 0.1 |  |   |   |
| European Capital UK SME Debt LP (6)(8)(9)(20)            |   | Investment partnership |   | Limited partnership interest (45% interest) |   |   |   | 1/3/2017 |   | 38.6 |  |   | 39.5 |  |   |   |
| HCI Equity, LLC (7)(8)(9)                                |   | Investment company |   | Member interest (100.00% interest) |   |   |   | 4/1/2010 |   | — |  |   | 0.1 |  | (22) |   |
| Herbert Park B.V. (8)(9)                                 |   | Investment vehicle |   | Subordinated notes ($6.1 par due 10/2026) |   |   |   | 1/3/2017 |   | 0.9 |  |   | — |  |   |   |
| Montgomery Lane, LLC and Montgomery Lane, Ltd. (7)(8)(9) |   | Investment company |   | Common stock (100 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                     |   |   |   | Common stock (50,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                     |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| OHA Credit Partners XI (8)(9)                            |   | Investment vehicle |   | Subordinated notes ($17.8 par due 1/2032) |   | 13.50% |   | 1/3/2017 |   | 13.5 |  |   | 13.6 |  |   |   |
| Partnership Capital Growth Fund I, L.P. (6)(9)           |   | Investment partnership |   | Limited partnership interest (25.00% interest) |   |   |   | 6/16/2006 |   | — |  |   | 0.1 |  | (2)(22) |   |
| Partnership Capital Growth Investors III, L.P. (9)(20)   |   | Investment partnership |   | Limited partnership interest (2.50% interest) |   |   |   | 10/5/2011 |   | 2.5 |  |   | 4.2 |  | (2)(22) |   |
| PCG-Ares Sidecar Investment II, L.P. (6)(9)(20)          |   | Investment partnership |   | Limited partnership interest (100.00% interest) |   |   |   | 10/31/2014 |   | 6.7 |  |   | 17.4 |  | (2) |   |
| PCG-Ares Sidecar Investment, L.P. (6)(9)(20)             |   | Investment partnership |   | Limited partnership interest (100.00% interest) |   |   |   | 5/22/2014 |   | 4.5 |  |   | 4.4 |  | (2) |   |

----

|                                                     |
|-----------------------------------------------------|
|                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                          |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Piper Jaffray Merchant Banking Fund I, L.P. (9)(20) |   | Investment partnership |   | Limited partnership interest (2.00% interest) |   |   |   | 8/16/2012 |   | 1.4 |  |   | 1.4 |  | (22) |   |
| Senior Direct Lending Program, LLC (7)(9)(21)       |   | Co-investment vehicle |   | Subordinated certificates ($651.7 par due 12/2036) |   | 10.81% (Libor + 8.00%/Q)(16) |   | 7/27/2016 |   | 651.7 |  |   | 651.7 |  | (15) |   |
|                                                |   |   |   | Member interest (87.50% interest) |   |   |   | 7/27/2016 |   | — |  |   | — |  | (15) |   |
|                                                |   |   |   |   |   |   |   |   |   | 651.7 |  |   | 651.7 |  |   |   |
| Vitesse CLO, Ltd. (8)(9)                            |   | Investment vehicle |   | Preferred shares (20,000,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Voya CLO 2014-4 Ltd. (8)(9)                         |   | Investment vehicle |   | Subordinated notes ($26.7 par due 7/2031) |   | 15.60% |   | 1/3/2017 |   | 14.6 |  |   | 13.8 |  |   |   |
| VSC Investors LLC (9)                               |   | Investment company |   | Membership interest (1.95% interest) |   |   |   | 1/24/2008 |   | 0.3 |  |   | 1.1 |  | (2)(22) |   |
|                                                |   |   |   |   |   |   |   |   |   | 751.4 |  |   | 767.5 |  |   | 10.51 | % |
| Manufacturing                                       |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chariot Acquisition, LLC (19)                       |   | Aftermarket golf cart parts and accessories |   | First lien senior secured loan ($18.2 par due 9/2021) |   | 9.30% (Libor + 6.50%/Q) |   | 1/3/2017 |   | 18.1 |  |   | 18.0 |  | (3)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($9.3 par due 9/2021) |   | 9.30% (Libor + 6.50%/Q) |   | 1/3/2017 |   | 9.2 |  |   | 9.2 |  | (4)(15) |   |
|                                                |   |   |   |   |   |   |   |   |   | 27.3 |  |   | 27.2 |  |   |   |
| Dorner Holding Corp. (19)                           |   | Manufacturer of precision unit conveyors |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 10.25% (Base Rate + 4.75%/Q) |   | 3/15/2017 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
| ECI Purchaser Company, LLC                          |   | Manufacturer of equipment to safely control pressurized gases |   | First lien senior secured loan ($21.8 par due 12/2019) |   | 9.13% (Libor + 6.25%/Q) |   | 7/26/2017 |   | 21.8 |  |   | 21.5 |  | (2)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($88.7 par due 12/2019) |   | 8.15% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 88.7 |  |   | 87.8 |  | (2)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($74.8 par due 12/2019) |   | 8.15% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 74.8 |  |   | 74.0 |  | (3)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($0.3 par due 12/2019) |   | 9.13% (Libor + 6.25%/Q) |   | 7/26/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($0.2 par due 12/2019) |   | 9.13% (Libor + 6.25%/Q) |   | 7/26/2017 |   | 0.2 |  |   | 0.2 |  | (3)(15) |   |
|                                                |   |   |   |   |   |   |   |   |   | 185.8 |  |   | 183.8 |  |   |   |
| ETG Holdings, Inc. (7)                              |   | Industrial woven products |   | Common stock (3,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Harvey Tool Company, LLC (19)                       |   | Cutting tool provider to the metalworking industry |   | First lien senior secured revolving loan ($0.7 par due 10/2023) |   | 7.01% (Libor + 4.50%/M) |   | 10/12/2017 |   | 0.7 |  |   | 0.7 |  | (2)(15)(18) |   |
|                                                |   |   |   | First lien senior secured loan ($20.5 par due 10/2024) |   | 7.55% (Libor + 4.75%/Q) |   | 10/12/2017 |   | 20.5 |  |   | 20.5 |  | (2)(15) |   |
|                                                |   |   |   | First lien senior secured loan ($19.8 par due 10/2024) |   | 7.55% (Libor + 4.75%/Q) |   | 10/12/2017 |   | 19.8 |  |   | 19.8 |  | (4)(15) |   |
|                                                |   |   |   | Second lien senior secured loan ($43.7 par due 10/2025) |   | 10.93% (Libor + 8.50%/Q) |   | 10/12/2017 |   | 43.7 |  |   | 43.7 |  | (2)(15) |   |
|                                                |   |   |   |   |   |   |   |   |   | 84.7 |  |   | 84.7 |  |   |   |
| Ioxus, Inc. (6)                                     |   | Energy storage devices |   | First lien senior secured loan ($1.3 par due 12/2019) |   |   |   | 4/29/2014 |   | 1.3 |  |   | 1.3 |  | (2) |   |
|                                                |   |   |   | First lien senior secured loan ($5.7 par due 12/2019) |   | 7.00% Cash, 5.00% PIK |   | 4/29/2014 |   | 5.6 |  |   | 5.7 |  | (2) |   |
|                                                |   |   |   | Series CC preferred stock (1,683,265 shares) |   |   |   | 9/7/2017 |   | 0.7 |  |   | — |  | (2) |   |
|                                                |   |   |   | Warrant to purchase up to 75,968 shares of common stock (expires 1/2026) |   |   |   | 1/28/2016 |   | — |  |   | — |  | (2) |   |
|                                                |   |   |   | Warrant to purchase up to 30,256 shares of Series BB preferred stock (expires 8/2026) |   |   |   | 8/24/2016 |   | — |  |   | — |  | (2) |   |
|                                                |   |   |   | Warrant to purchase up to 8,416,326 shares of Series CC preferred stock (expires 1/2027) |   |   |   | 1/27/2017 |   | — |  |   | — |  | (2) |   |
|                                                |   |   |   |   |   |   |   |   |   | 7.6 |  |   | 7.0 |  |   |   |
| KPS Global LLC and Cool Group LLC                   |   | Walk-in cooler and freezer systems |   | First lien senior secured loan ($1.6 par due 4/2022) |   | 5.09% (Libor + 2.63%/M) |   | 4/5/2017 |   | 1.6 |  |   | 1.6 |  | (2)(15) |   |

----

|                                                                                                                                    |
|------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                         |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                                                               |   |   |   | First lien senior secured loan ($4.4 par due 4/2022) |   | 9.65% (Libor + 7.19%/M) |   | 11/16/2018 |   | 4.4 |  |   | 4.4 |  | (2)(15) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($10.5 par due 4/2022) |   | 9.61% (Libor + 7.14%/M) |   | 4/5/2017 |   | 10.5 |  |   | 10.5 |  | (2)(15) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($5.2 par due 4/2022) |   | 9.61% (Libor + 7.14%/M) |   | 4/5/2017 |   | 5.2 |  |   | 5.2 |  | (4)(15) |   |
|                                                                                                                               |   |   |   | Class A units (13,292 units) |   |   |   | 9/21/2018 |   | 1.1 |  |   | 1.4 |  |   |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 22.8 |  |   | 23.1 |  |   |   |
| Mac Lean-Fogg Company and MacLean-Fogg Holdings, L.L.C. (19)                                                                       |   | Manufacturer and supplier for the power utility and automotive markets worldwide |   | First lien senior secured loan ($206.0 par due 12/2025) |   | 7.55% (Libor + 4.75%/Q) |   | 12/21/2018 |   | 205.0 |  |   | 204.0 |  | (2)(15) |   |
|                                                                                                                               |   |   |   | Preferred units (70,183 units) |   | 4.50% Cash, 9.25% PIK |   | 10/9/2015 |   | 79.2 |  |   | 79.2 |  |   |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 284.2 |  |   | 283.2 |  |   |   |
| Nordco Inc. (19)                                                                                                                   |   | Railroad maintenance-of-way machinery |   | First lien senior secured revolving loan ($1.3 par due 8/2020) |   | 11.00% (Base Rate + 5.50%/M) |   | 8/26/2015 |   | 1.3 |  |   | 1.2 |  | (2)(15)(18) |   |
| Pelican Products, Inc.                                                                                                             |   | Flashlights |   | Second lien senior secured loan ($27.3 par due 5/2026) |   | 10.13% (Libor + 7.75%/M) |   | 5/4/2018 |   | 27.1 |  |   | 27.1 |  | (2)(15) |   |
| Sanders Industries Holdings, Inc. and SI Holdings, Inc. (19)                                                                       |   | Elastomeric parts, mid-sized composite structures, and composite tooling |   | First lien senior secured loan ($50.2 par due 5/2020) |   | 8.90% (Libor + 6.50%/Q) |   | 7/21/2017 |   | 50.2 |  |   | 50.2 |  | (2)(15) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($13.1 par due 5/2020) |   | 8.90% (Libor + 6.50%/Q) |   | 7/21/2017 |   | 13.1 |  |   | 13.1 |  | (4)(15) |   |
|                                                                                                                               |   |   |   | Common stock (1,500 shares) |   |   |   | 5/30/2014 |   | 1.5 |  |   | 1.8 |  | (2) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 64.8 |  |   | 65.1 |  |   |   |
| Saw Mill PCG Partners LLC                                                                                                          |   | Metal precision engineered components |   | Common units (1,000 units) |   |   |   | 1/30/2007 |   | 1.0 |  |   | — |  | (2) |   |
| Sonny's Enterprises, LLC (19)                                                                                                      |   | Manufacturer and supplier of car wash equipment, parts and supplies to the conveyorized car wash market |   | First lien senior secured revolving loan ($0.2 par due 12/2022) |   | 6.77% (Libor + 4.25%/M) |   | 11/30/2017 |   | 0.2 |  |   | 0.2 |  | (2)(15) |   |
| Sunk Rock Foundry Partners LP, Hatteras Electrical Manufacturing Holding Company and Sigma Electric Manufacturing Corporation (19) |   | Manufacturer of metal castings, precision machined components and sub-assemblies in the electrical products, power transmission and distribution and general industrial markets |   | First lien senior secured revolving loan ($2.4 par due 10/2022) |   | 7.55% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 2.4 |  |   | 2.4 |  | (2)(15)(18) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($11.3 par due 10/2023) |   | 7.55% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 11.3 |  |   | 11.3 |  | (2)(15) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($12.4 par due 10/2023) |   | 7.55% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 12.4 |  |   | 12.4 |  | (2)(15) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 26.1 |  |   | 26.1 |  |   |   |
| TPTM Merger Corp. (19)                                                                                                             |   | Time temperature indicator products |   | First lien senior secured loan ($13.3 par due 9/2020) |   | 9.02% (Libor + 6.50%/Q) |   | 12/11/2014 |   | 13.3 |  |   | 13.3 |  | (3)(15) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($9.9 par due 9/2020) |   | 9.02% (Libor + 6.50%/Q) |   | 12/11/2014 |   | 9.9 |  |   | 9.9 |  | (4)(15) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 23.2 |  |   | 23.2 |  |   |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 756.3 |  |   | 752.1 |  |   | 10.31 | % |
| Other Services                                                                                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| 1A Smart Start, LLC (19)                                                                                                           |   | Provider of ignition interlock devices |   | First lien senior secured revolving loan |   | — |   | 2/8/2018 |   | — |  |   | — |  | (17) |   |
| AMCP Clean Intermediate, LLC (19)                                                                                                  |   | Provider of janitorial and facilities management services |   | First lien senior secured revolving loan |   | — |   | 10/1/2018 |   | — |  |   | — |  | (17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($7.6 par due 10/2024) |   | 8.30% (Libor + 5.50%/Q) |   | 10/1/2018 |   | 7.6 |  |   | 7.5 |  | (2)(15) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 7.6 |  |   | 7.5 |  |   |   |
| American Residential Services L.L.C.                                                                                               |   | Heating, ventilation and air conditioning services provider |   | Second lien senior secured loan ($67.0 par due 12/2022) |   | 10.52% (Libor + 8.00%/M) |   | 6/30/2014 |   | 66.8 |  |   | 66.3 |  | (2)(15) |   |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                      |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                            |   |   |   | Second lien senior secured loan ($3.8 par due 12/2022) |   | 10.47% (Libor + 8.00%/M) |   | 6/30/2014 |   | 3.7 |  |   | 3.7 |  | (2)(15) |   |
|                                                                            |   |   |   |   |   |   |   |   |   | 70.5 |  |   | 70.0 |  |   |   |
| Capstone Logistics Acquisition, Inc. (19)                                       |   | Outsourced supply chain solutions provider to operators of distribution centers |   | First lien senior secured revolving loan ($0.2 par due 4/2021) |   | 9.00% (Base Rate + 3.50%/Q) |   | 2/8/2018 |   | 0.2 |  |   | 0.2 |  | (2)(15)(18) |   |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC (6)(19) |   | Provider of outsourced healthcare linen management solutions |   | First lien senior secured revolving loan |   | — |   | 3/13/2014 |   | — |  |   | — |  | (17) |   |
|                                                                            |   |   |   | First lien senior secured loan ($11.9 par due 12/2021) |   | 9.27% (Libor + 6.75%/M) |   | 4/6/2017 |   | 11.9 |  |   | 11.9 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($12.0 par due 12/2021) |   | 9.27% (Libor + 6.75%/M) |   | 6/12/2018 |   | 12.0 |  |   | 12.0 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($10.1 par due 12/2021) |   | 9.27% (Libor + 6.75%/M) |   | 3/13/2014 |   | 10.1 |  |   | 10.1 |  | (3)(15) |   |
|                                                                            |   |   |   | Class A preferred units (3,393,973 units) |   |   |   | 3/13/2014 |   | 4.0 |  |   | 2.9 |  | (2) |   |
|                                                                            |   |   |   | Class B common units (377,108 units) |   |   |   | 3/13/2014 |   | 0.4 |  |   | 2.2 |  | (2) |   |
|                                                                            |   |   |   |   |   |   |   |   |   | 38.4 |  |   | 39.1 |  |   |   |
| IMIA Holdings, Inc. (19)                                                        |   | Marine preservation maintenance company |   | First lien senior secured revolving loan |   | — |   | 10/26/2018 |   | — |  |   | — |  | (17) |   |
|                                                                            |   |   |   | First lien senior secured loan ($2.8 par due 10/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 10/26/2018 |   | 2.8 |  |   | 2.8 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($18.0 par due 10/2024) |   | 7.30% (Libor + 4.50%/Q) |   | 10/26/2018 |   | 17.9 |  |   | 17.9 |  | (3)(15) |   |
|                                                                            |   |   |   |   |   |   |   |   |   | 20.7 |  |   | 20.7 |  |   |   |
| Magento, Inc. (19)                                                              |   | eCommerce platform provider for the retail industry |   | First lien senior secured revolving loan |   | — |   | 2/8/2018 |   | — |  |   | — |  | (17) |   |
| Massage Envy, LLC and ME Equity LLC (19)                                        |   | Franchisor in the massage industry |   | First lien senior secured loan ($1.0 par due 12/2024) |   | 9.40% (Libor + 6.75%/M) |   | 1/24/2018 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.5 par due 12/2024) |   | 9.49% (Libor + 6.75%/M) |   | 1/24/2018 |   | 0.5 |  |   | 0.5 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.3 par due 12/2024) |   | 9.52% (Libor + 6.75%/Q) |   | 1/24/2018 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($1.7 par due 12/2024) |   | 9.53% (Libor + 6.75%/Q) |   | 1/24/2018 |   | 1.7 |  |   | 1.7 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.4 par due 12/2024) |   | 9.46% (Libor + 6.75%/Q) |   | 1/24/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.7 par due 12/2024) |   | 9.44% (Libor + 6.75%/Q) |   | 1/24/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.7 par due 12/2024) |   | 9.55% (Libor + 6.75%/Q) |   | 1/24/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.4 par due 7/2020) |   | 9.53% (Libor + 6.75%/Q) |   | 7/20/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.6 par due 9/2020) |   | 9.49% (Libor + 6.75%/Q) |   | 7/27/2017 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.5 par due 9/2020) |   | 9.49% (Libor + 6.75%/Q) |   | 7/27/2017 |   | 0.5 |  |   | 0.5 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.3 par due 9/2020) |   | 9.44% (Libor + 6.75%/Q) |   | 7/27/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.3 par due 9/2020) |   | 9.49% (Libor + 6.75%/Q) |   | 4/12/2017 |   | 0.3 |  |   | 0.3 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($0.1 par due 9/2020) |   | 9.55% (Libor + 6.75%/Q) |   | 4/12/2017 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($1.0 par due 9/2020) |   | 9.50% (Libor + 6.75%/Q) |   | 4/12/2017 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($38.1 par due 9/2020) |   | 9.46% (Libor + 6.75%/Q) |   | 9/27/2012 |   | 38.1 |  |   | 38.1 |  | (3)(15) |   |
|                                                                            |   |   |   | First lien senior secured loan ($18.5 par due 9/2020) |   | 9.46% (Libor + 6.75%/Q) |   | 9/27/2012 |   | 18.5 |  |   | 18.5 |  | (4)(15) |   |
|                                                                            |   |   |   | Common stock (3,000,000 shares) |   |   |   | 9/27/2012 |   | 3.0 |  |   | 6.2 |  | (2) |   |
|                                                                            |   |   |   |   |   |   |   |   |   | 68.1 |  |   | 71.3 |  |   |   |

----

|                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                                                                      |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Mckenzie Sports Products, LLC (19)                                                                                                                                              |   | Designer, manufacturer and distributor of hunting-related supplies |   | First lien senior secured revolving loan ($2.2 par due 9/2020) |   | 6.27% (Libor + 3.75%/M) |   | 9/18/2014 |   | 2.2 |  |   | 2.2 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured revolving loan ($0.7 par due 9/2020) |   | 8.25% (Base Rate + 2.75%/M) |   | 9/18/2014 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($5.5 par due 9/2020) |   | 8.27% (Libor + 5.75%/M) |   | 9/18/2014 |   | 5.5 |  |   | 5.5 |  | (3)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($84.5 par due 9/2020) |   | 9.61% (Libor + 7.09%/M) |   | 9/18/2014 |   | 84.5 |  |   | 84.5 |  | (3)(11)(15) |   |
|                                                                                                                                                                            |   |   |   |   |   |   |   |   |   | 92.9 |  |   | 92.9 |  |   |   |
| MSHC, Inc. (19)                                                                                                                                                                 |   | Heating, ventilation and air conditioning services provider |   | First lien senior secured revolving loan ($1.6 par due 7/2022) |   | 8.75% (Base Rate + 3.25%/Q) |   | 7/31/2017 |   | 1.6 |  |   | 1.6 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($1.0 par due 7/2023) |   | 6.89% (Libor + 4.25%/Q) |   | 7/31/2017 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($7.9 par due 7/2024) |   | 10.78% (Libor + 8.25%/Q) |   | 6/27/2018 |   | 7.9 |  |   | 7.9 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($9.8 par due 7/2024) |   | 10.96% (Libor + 8.25%/Q) |   | 6/27/2018 |   | 9.8 |  |   | 9.8 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($4.8 par due 7/2024) |   | 11.05% (Libor + 8.25%/Q) |   | 7/31/2017 |   | 4.8 |  |   | 4.8 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($46.0 par due 7/2024) |   | 11.05% (Libor + 8.25%/Q) |   | 7/31/2017 |   | 46.0 |  |   | 46.0 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   |   |   |   |   |   |   | 71.1 |  |   | 71.1 |  |   |   |
| Osmose Utilities Services, Inc. (19)                                                                                                                                            |   | Provider of structural integrity management services to transmission and distribution infrastructure |   | First lien senior secured revolving loan ($1.5 par due 8/2020) |   | 10.50% (Base Rate + 5.00%/Q) |   | 1/3/2017 |   | 1.5 |  |   | 1.5 |  | (2)(15)(18) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($51.4 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 9/3/2015 |   | 50.7 |  |   | 51.4 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | Second lien senior secured loan ($34.0 par due 8/2023) |   | 10.55% (Libor + 7.75%/Q) |   | 1/3/2017 |   | 33.5 |  |   | 34.0 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   |   |   |   |   |   |   | 85.7 |  |   | 86.9 |  |   |   |
| SecurAmerica, LLC, ERMC LLC, ERMC Of America, LLC, SecurAmerica Corporation, ERMC Aviation LLC, American Security Programs, Inc., USI LLC and Argenbright Holdings IV, LLC (19) |   | Provider of outsourced manned security guard services, outsourced facilities management and outsourced aviation services |   | First lien senior secured loan ($26.1 par due 12/2023) |   | 9.23% (Libor + 6.75%/M) |   | 12/21/2018 |   | 26.1 |  |   | 25.8 |  | (2)(15) |   |
| Siteworx Holdings, LLC & Siteworx LLC (19)                                                                                                                                  |   | Provider of design, web content management, eCommerce solutions and system integration |   | First lien senior secured revolving loan ($1.5 par due 1/2020) |   | 6.75% (Base Rate + 1.25%/Q) |   | 2/16/2018 |   | 1.5 |  |   | 1.5 |  | (13)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($2.4 par due 1/2020) |   | 8.31% (Libor + 5.50%/Q) |   | 2/16/2018 |   | 2.4 |  |   | 2.4 |  | (13)(15) |   |
|                                                                                                                                                                            |   |   |   |   |   |   |   |   |   | 3.9 |  |   | 3.9 |  |   |   |
| SocialFlow, Inc.                                                                                                                                                                |   | Social media optimization platform provider |   | Warrant to purchase up to 215,331 shares of Series C preferred stock (expires 1/2026) |   |   |   | 1/13/2016 |   | — |  |   | — |  | (2) |   |
| SoundCloud Limited (8)                                                                                                                                                          |   | Platform for receiving, sending, and distributing music |   | Common stock (73,422 shares) |   |   |   | 8/15/2017 |   | 0.4 |  |   | 0.7 |  | (2) |   |
| Spin HoldCo Inc.                                                                                                                                                                |   | Laundry service and equipment provider |   | Second lien senior secured loan ($154.2 par due 5/2023) |   | 10.19% (Libor + 7.50%/Q) |   | 5/14/2013 |   | 154.2 |  |   | 152.6 |  | (2)(15) |   |
| TDG Group Holding Company and TDG Co-Invest, LP (19)                                                                                                                            |   | Operator of multiple franchise concepts primarily related to home maintenance or repairs |   | First lien senior secured revolving loan ($0.0 par due 5/2024) |   | 8.02% (Libor + 5.50%/M) |   | 5/31/2018 |   | — |  |   | — |  | (2)(15)(18) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($3.2 par due 5/2024) |   | 8.30% (Libor + 5.50%/Q) |   | 5/31/2018 |   | 3.2 |  |   | 3.2 |  | (2)(15) |   |
|                                                                                                                                                                            |   |   |   | First lien senior secured loan ($9.3 par due 5/2024) |   | 8.30% (Libor + 5.50%/Q) |   | 5/31/2018 |   | 9.3 |  |   | 9.2 |  | (3)(15) |   |
|                                                                                                                                                                            |   |   |   | Preferred units (2,871,000 units) |   |   |   | 5/31/2018 |   | 2.9 |  |   | 2.9 |  | (2) |   |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                            |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                  |   |   |   | Common units (29,000 units) |   |   |   | 5/31/2018 |   | — |  |   | — |  | (2) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 15.4 |  |   | 15.3 |  |   |   |
| Tyden Group Holding Corp. (8)                                                         |   | Producer and marketer of global cargo security, product identification and traceability products and utility meter products |   | Preferred stock (46,276 shares) |   |   |   | 1/3/2017 |   | 0.4 |  |   | 0.4 |  |   |   |
|                                                                                  |   |   |   | Common stock (5,521,203 shares) |   |   |   | 1/3/2017 |   | 2.0 |  |   | 5.6 |  |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 2.4 |  |   | 6.0 |  |   |   |
| VLS Recovery Services, LLC (19)                                                       |   | Provider of commercial and industrial waste processing and disposal services |   | First lien senior secured revolving loan ($0.5 par due 10/2023) |   | 8.46% (Libor + 6.00%/M) |   | 10/17/2017 |   | 0.5 |  |   | 0.5 |  | (2)(15)(18) |   |
|                                                                                  |   |   |   | First lien senior secured revolving loan ($1.1 par due 10/2023) |   | 8.47% (Libor + 6.00%/M) |   | 10/17/2017 |   | 1.1 |  |   | 1.1 |  | (2)(15)(18) |   |
|                                                                                  |   |   |   | First lien senior secured revolving loan ($1.1 par due 10/2023) |   | 8.38% (Libor + 6.00%/M) |   | 10/17/2017 |   | 1.1 |  |   | 1.1 |  | (2)(15)(18) |   |
|                                                                                  |   |   |   | First lien senior secured revolving loan ($0.5 par due 10/2023) |   | 8.40% (Libor + 6.00%/M) |   | 10/17/2017 |   | 0.5 |  |   | 0.5 |  | (2)(15)(18) |   |
|                                                                                  |   |   |   | First lien senior secured loan ($5.1 par due 10/2023) |   | 8.47% (Libor + 6.00%/M) |   | 10/17/2017 |   | 5.1 |  |   | 5.1 |  | (2)(15) |   |
|                                                                                  |   |   |   | First lien senior secured loan ($6.8 par due 10/2023) |   | 8.46% (Libor + 6.00%/M) |   | 10/17/2017 |   | 6.8 |  |   | 6.8 |  | (2)(15) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 15.1 |  |   | 15.1 |  |   |   |
| WASH Multifamily Acquisition Inc. and Coinamatic Canada Inc.                          |   | Laundry service and equipment provider |   | Second lien senior secured loan ($3.7 par due 5/2023) |   | 9.52% (Libor + 7.00%/M) |   | 5/14/2015 |   | 3.7 |  |   | 3.6 |  | (2)(15) |   |
|                                                                                  |   |   |   | Second lien senior secured loan ($21.3 par due 5/2023) |   | 9.52% (Libor + 7.00%/M) |   | 5/14/2015 |   | 21.0 |  |   | 20.6 |  | (2)(15) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 24.7 |  |   | 24.2 |  |   |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 697.4 |  |   | 703.3 |  |   | 9.64 | % |
| Power Generation                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Alphabet Energy, Inc.                                                                 |   | Technology developer to convert waste-heat into electricity |   | First lien senior secured loan ($3.5 par due 8/2017) |   |   |   | 12/16/2013 |   | 2.9 |  |   | — |  | (2)(14) |   |
|                                                                                  |   |   |   | Series 1B preferred stock (12,976 shares) |   |   |   | 6/21/2016 |   | 0.2 |  |   | — |  | (2) |   |
|                                                                                  |   |   |   | Warrant to purchase up to 125,000 shares of Series 2 preferred stock (expires 12/2023) |   |   |   | 6/30/2016 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 3.2 |  |   | — |  |   |   |
| Apex Clean Energy Holdings, LLC (19)                                                  |   | Developer, builder and owner of utility-scale wind and solar power facilities |   | First lien senior secured revolving loan |   | — |   | 12/12/2018 |   | — |  |   | — |  | (17) |   |
|                                                                                  |   |   |   | First lien senior secured loan ($95.4 par due 9/2022) |   | 9.55% (Libor + 6.75%/Q) |   | 9/24/2018 |   | 95.4 |  |   | 94.5 |  | (2)(15) |   |
|                                                                                  |   |   |   |   |   |   |   |   |   | 95.4 |  |   | 94.5 |  |   |   |
| CPV Maryland Holding Company II, LLC                                                  |   | Gas turbine power generation facilities operator |   | Senior subordinated loan ($51.4 par due 12/2020) |   | 6.00% Cash, 5.00% PIK |   | 8/8/2014 |   | 51.4 |  |   | 46.8 |  | (2) |   |
| DGH Borrower LLC (19)                                                                 |   | Developer, owner and operator of quick start, small-scale natural gas-fired power generation projects |   | First lien senior secured loan ($47.2 par due 6/2023) |   | 9.30% (Libor + 6.50%/Q) |   | 6/8/2018 |   | 47.2 |  |   | 47.2 |  | (2)(15) |   |
| Green Energy Partners, Stonewall LLC and Panda Stonewall Intermediate Holdings II LLC |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($24.7 par due 11/2021) |   | 8.30% (Libor + 5.50%/Q) |   | 11/13/2014 |   | 24.6 |  |   | 24.2 |  | (2)(15) |   |
|                                                                                  |   |   |   | Senior subordinated loan ($21.2 par due 12/2021) |   | 8.00% Cash, 5.25% PIK |   | 11/13/2014 |   | 21.2 |  |   | 20.4 |  | (2) |   |

----

|                                                                                         |
|-----------------------------------------------------------------------------------------|
|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                              |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                    |   |   |   | Senior subordinated loan ($99.0 par due 12/2021) |   | 8.00% Cash, 5.25% PIK |   | 11/13/2014 |   | 99.0 |  |   | 95.3 |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 144.8 |  |   | 139.9 |  |   |   |
| Joule Unlimited Technologies, Inc. and Stichting Joule Global Foundation                |   | Renewable fuel and chemical production developer |   | First lien senior secured loan ($7.8 par due 10/2018) |   |   |   | 3/31/2015 |   | 5.8 |  |   | — |  | (2)(14) |   |
|                                                                                    |   |   |   | Warrant to purchase up to 32,051 shares of Series C-2 preferred stock (expires 7/2023) |   |   |   | 7/25/2013 |   | — |  |   | — |  | (2)(8) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 5.8 |  |   | — |  |   |   |
| Moxie Patriot LLC                                                                       |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($32.5 par due 12/2020) |   | 8.55% (Libor + 5.75%/Q) |   | 12/19/2013 |   | 32.4 |  |   | 31.9 |  | (2)(15) |   |
| Navisun LLC and Navisun Holdings LLC (7)(19)                                            |   | Owner and operater of commercial and industrial solar projects |   | First lien senior secured loan ($25.0 par due 11/2023) |   | 8.00% PIK |   | 11/15/2017 |   | 25.0 |  |   | 25.0 |  | (2) |   |
|                                                                                    |   |   |   | Series A preferred units |   | 10.50% PIK |   | 11/15/2017 |   | 2.9 |  |   | 2.9 |  | (2) |   |
|                                                                                    |   |   |   | Class A units (550 units) |   |   |   | 11/15/2017 |   | — |  |   | — |  |   |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 27.9 |  |   | 27.9 |  |   |   |
| Panda Liberty LLC (fka Moxie Liberty LLC)                                               |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($49.6 par due 8/2020) |   | 9.30% (Libor + 6.50%/Q) |   | 4/6/2018 |   | 47.0 |  |   | 44.7 |  | (2)(15) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($34.0 par due 8/2020) |   | 9.30% (Libor + 6.50%/Q) |   | 8/21/2013 |   | 33.9 |  |   | 30.6 |  | (2)(15) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 80.9 |  |   | 75.3 |  |   |   |
| Panda Temple Power, LLC and T1 Power Holdings LLC (6)                                   |   | Gas turbine power generation facilities operator |   | Second lien senior secured loan ($9.0 par due 2/2023) |   | 10.46% (Libor + 8.00%/M) |   | 3/6/2015 |   | 9.0 |  |   | 9.0 |  | (2)(15) |   |
|                                                                                    |   |   |   | Class A Common units (616,122 shares) |   |   |   | 3/6/2015 |   | 15.0 |  |   | 13.0 |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 24.0 |  |   | 22.0 |  |   |   |
| PERC Holdings 1 LLC                                                                     |   | Operator of recycled energy, combined heat and power, and energy efficiency facilities |   | Class B common units (21,653,543 units) |   |   |   | 10/20/2014 |   | 21.7 |  |   | 34.7 |  | (2) |   |
| Riverview Power LLC                                                                     |   | Operator of natural gas and oil fired power generation facilities |   | First lien senior secured loan ($81.2 par due 12/2022) |   | 10.80% (Libor + 8.00%/Q) |   | 12/29/2016 |   | 79.7 |  |   | 81.2 |  | (2)(15) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 614.4 |  |   | 601.4 |  |   | 8.24 | % |
| Restaurants and Food Services                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. (7)(19) |   | Restaurant owner and operator |   | First lien senior secured loan ($4.3 par due 12/2018) |   | 20.32% PIK (Libor + 18.00%/Q) |   | 12/22/2016 |   | 4.3 |  |   | 4.3 |  | (2)(15) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($56.6 par due 12/2018) |   |   |   | 11/27/2006 |   | 39.9 |  |   | 1.2 |  | (2)(14) |   |
|                                                                                    |   |   |   | Promissory note ($31.8 par due 12/2023) |   |   |   | 11/27/2006 |   | 13.8 |  |   | — |  | (2) |   |
|                                                                                    |   |   |   | Warrant to purchase up to 0.95 units of Series D common stock (expires 12/2023) |   |   |   | 12/18/2013 |   | — |  |   | — |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 58.0 |  |   | 5.5 |  |   |   |
| Cipriani USA, Inc.                                                                      |   | Manager and operator of banquet facilities, restaurants, hotels and other leisure properties |   | First lien senior secured loan ($3.0 par due 5/2023) |   | 10.34% (Libor + 8.00%/M) |   | 8/20/2018 |   | 3.0 |  |   | 3.0 |  | (2)(15) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($12.0 par due 5/2023) |   | 10.35% (Libor + 8.00%/M) |   | 11/5/2018 |   | 12.0 |  |   | 11.9 |  | (2)(15) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($3.0 par due 5/2023) |   | 10.38% (Libor + 8.00%/M) |   | 11/5/2018 |   | 3.0 |  |   | 3.0 |  | (2)(15) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($67.8 par due 5/2023) |   | 10.34% (Libor + 8.00%/M) |   | 5/30/2018 |   | 67.8 |  |   | 67.1 |  | (2)(15) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 85.8 |  |   | 85.0 |  |   |   |

----

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                  |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Cozzini Bros., Inc. and BH-Sharp Holdings LP (19)           |   | Provider of commercial knife sharpening and cutlery services in the restaurant industry |   | First lien senior secured revolving loan ($1.5 par due 3/2023) |   | 8.02% (Libor + 5.50%/M) |   | 3/10/2017 |   | 1.5 |  |   | 1.5 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($6.6 par due 3/2023) |   | 8.02% (Libor + 5.50%/M) |   | 3/10/2017 |   | 6.6 |  |   | 6.6 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($11.6 par due 3/2023) |   | 8.02% (Libor + 5.50%/M) |   | 3/10/2017 |   | 11.6 |  |   | 11.6 |  | (4)(15) |   |
|                                                        |   |   |   | Common units (2,950,000 units) |   |   |   | 3/10/2017 |   | 3.0 |  |   | 3.4 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 22.7 |  |   | 23.1 |  |   |   |
| FWR Holding Corporation (19)                                |   | Restaurant owner, operator, and franchisor |   | First lien senior secured revolving loan ($0.8 par due 8/2023) |   | 10.25% (Base Rate + 4.75%/Q) |   | 8/21/2017 |   | 0.8 |  |   | 0.8 |  | (2)(15)(18) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.5 par due 8/2023) |   | 8.26% (Libor + 5.75%/M) |   | 8/21/2017 |   | 0.5 |  |   | 0.5 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.8 par due 8/2023) |   | 8.26% (Libor + 5.75%/M) |   | 8/21/2017 |   | 0.8 |  |   | 0.8 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.0 par due 8/2023) |   | 8.26% (Libor + 5.75%/M) |   | 8/21/2017 |   | 4.0 |  |   | 4.0 |  | (2)(15) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 6.1 |  |   | 6.1 |  |   |   |
| Garden Fresh Restaurant Corp. and GFRC Holdings LLC (19)    |   | Restaurant owner and operator |   | First lien senior secured revolving loan |   | — |   | 2/1/2017 |   | — |  |   | — |  | (17) |   |
|                                                        |   |   |   | First lien senior secured loan ($23.9 par due 2/2022) |   | 10.39% (Libor + 8.00%/S) |   | 10/3/2013 |   | 23.9 |  |   | 23.9 |  | (2)(15) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 23.9 |  |   | 23.9 |  |   |   |
| Heritage Food Service Group, Inc. and WCI-HFG Holdings, LLC |   | Distributor of repair and replacement parts for commercial kitchen equipment |   | Second lien senior secured loan ($31.6 par due 10/2022) |   | 11.00% (Libor + 8.50%/S) |   | 10/20/2015 |   | 31.6 |  |   | 31.6 |  | (2)(15) |   |
|                                                        |   |   |   | Preferred units (3,000,000 units) |   |   |   | 10/20/2015 |   | 3.0 |  |   | 4.5 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 34.6 |  |   | 36.1 |  |   |   |
| Jim N Nicks Management, LLC (19)                            |   | Restaurant owner and operator |   | First lien senior secured revolving loan ($2.8 par due 7/2023) |   | 8.05% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 2.8 |  |   | 2.7 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($1.2 par due 7/2023) |   | 8.05% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 1.2 |  |   | 1.1 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($14.0 par due 7/2023) |   | 8.05% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 14.0 |  |   | 13.5 |  | (4)(15) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 18.0 |  |   | 17.3 |  |   |   |
| Orion Foods, LLC (7)                                        |   | Convenience food service retailer |   | First lien senior secured loan ($1.2 par due 9/2015) |   |   |   | 4/1/2010 |   | 1.2 |  |   | 0.5 |  | (2)(14) |   |
|                                                        |   |   |   | Second lien senior secured loan ($19.4 par due 9/2015) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2)(14) |   |
|                                                        |   |   |   | Preferred units (10,000 units) |   |   |   | 10/28/2010 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   | Class A common units (25,001 units) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   | Class B common units (1,122,452 units) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 1.2 |  |   | 0.5 |  |   |   |
| OTG Management, LLC (19)                                    |   | Airport restaurant operator |   | First lien senior secured revolving loan ($1.6 par due 8/2021) |   | 9.65% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 1.6 |  |   | 1.6 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured revolving loan ($8.4 par due 8/2021) |   | 9.41% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 8.4 |  |   | 8.4 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.7 par due 8/2021) |   | 9.61% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 4.7 |  |   | 4.7 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($2.2 par due 8/2021) |   | 9.60% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 2.2 |  |   | 2.2 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($2.2 par due 8/2021) |   | 9.71% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 2.2 |  |   | 2.2 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($6.1 par due 8/2021) |   | 9.51% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 6.1 |  |   | 6.1 |  | (2)(15) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.9 par due 8/2021) |   | 9.54% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 4.9 |  |   | 4.9 |  | (2)(15) |   |

----

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|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                     |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                           |   |   |   | First lien senior secured loan ($0.7 par due 8/2021) |   | 9.41% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($1.8 par due 8/2021) |   | 9.78% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 1.8 |  |   | 1.8 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($1.0 par due 8/2021) |   | 9.43% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($1.9 par due 8/2021) |   | 9.41% (Libor + 7.00%/Q) |   | 10/10/2018 |   | 1.9 |  |   | 1.9 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($0.7 par due 8/2021) |   | 9.61% (Libor + 7.00%/Q) |   | 10/10/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($0.7 par due 8/2021) |   | 9.78% (Libor + 7.00%/Q) |   | 10/10/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($48.9 par due 8/2021) |   | 9.40% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 48.9 |  |   | 48.9 |  | (3)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($48.9 par due 8/2021) |   | 9.54% (Libor + 7.00%/Q) |   | 8/26/2016 |   | 48.9 |  |   | 48.9 |  | (3)(15) |   |
|                                                           |   |   |   | Senior subordinated loan ($30.1 par due 2/2022) |   | 13.00% PIK |   | 8/26/2016 |   | 30.0 |  |   | 30.1 |  | (2) |   |
|                                                           |   |   |   | Class A preferred units (3,000,000 units) |   |   |   | 8/26/2016 |   | 30.0 |  |   | 39.5 |  | (2) |   |
|                                                           |   |   |   | Common units (3,000,000 units) |   |   |   | 1/5/2011 |   | 3.0 |  |   | 9.2 |  | (2) |   |
|                                                           |   |   |   | Warrant to purchase up to 7.73% of common units |   |   |   | 6/19/2008 |   | 0.1 |  |   | 20.3 |  | (2) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 197.8 |  |   | 233.8 |  |   |   |
| SFE Intermediate Holdco LLC (19)                               |   | Provider of outsourced foodservice to K-12 school districts |   | First lien senior secured loan ($10.8 par due 7/2024) |   | 7.50% (Libor + 4.75%/Q) |   | 9/5/2018 |   | 10.8 |  |   | 10.8 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($6.7 par due 7/2024) |   | 7.28% (Libor + 4.75%/Q) |   | 7/31/2017 |   | 6.7 |  |   | 6.7 |  | (4)(15) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 17.5 |  |   | 17.5 |  |   |   |
| Spectra Finance, LLC (19)                                      |   | Venue management and food and beverage provider |   | First lien senior secured revolving loan ($5.4 par due 4/2023) |   | 6.39% (Libor + 4.00%/M) |   | 4/2/2018 |   | 5.4 |  |   | 5.4 |  | (2)(15)(18) |   |
|                                                           |   |   |   | First lien senior secured loan ($19.0 par due 4/2024) |   | 7.05% (Libor + 4.25%/Q) |   | 4/2/2018 |   | 19.0 |  |   | 19.0 |  | (2)(15) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 24.4 |  |   | 24.4 |  |   |   |
|                                                           |   |   |   |   |   |   |   |   |   | 490.0 |  |   | 473.2 |  |   | 6.49 | % |
| Oil and Gas                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Murchison Oil and Gas, LLC and Murchison Holdings, LLC (19)    |   | Exploration and production company |   | First lien senior secured loan ($5.0 par due 10/2023) |   | 10.80% (Libor + 8.00%/Q) |   | 10/26/2018 |   | 5.0 |  |   | 5.0 |  | (2)(15) |   |
|                                                           |   |   |   | First lien senior secured loan ($21.7 par due 10/2023) |   | 10.80% (Libor + 8.00%/Q) |   | 10/26/2018 |   | 21.1 |  |   | 21.5 |  | (2)(15) |   |
|                                                           |   |   |   | Preferred units (21,667 units) |   |   |   | 10/26/2018 |   | 21.7 |  |   | 21.7 |  |   |   |
|                                                           |   |   |   |   |   |   |   |   |   | 47.8 |  |   | 48.2 |  |   |   |
| Penn Virginia Holding Corp.                                    |   | Exploration and production company |   | Second lien senior secured loan ($90.1 par due 9/2022) |   | 9.53% (Libor + 7.00%/M) |   | 9/28/2017 |   | 90.1 |  |   | 90.1 |  | (2)(15) |   |
| Petroflow Energy Corporation and TexOak Petro Holdings LLC (6) |   | Oil and gas exploration and production company |   | First lien senior secured loan ($10.3 par due 6/2019) |   |   |   | 6/29/2016 |   | 8.5 |  |   | 8.3 |  | (2)(14) |   |
|                                                           |   |   |   | Second lien senior secured loan ($26.6 par due 12/2019) |   |   |   | 6/29/2016 |   | 21.9 |  |   | — |  | (2)(14) |   |
|                                                           |   |   |   | Common units (202,000 units) |   |   |   | 6/29/2016 |   | 11.1 |  |   | — |  |   |   |
|                                                           |   |   |   |   |   |   |   |   |   | 41.5 |  |   | 8.3 |  |   |   |
| Sundance Energy, Inc.                                          |   | Oil and gas producer |   | Second lien senior secured loan ($60.7 par due 4/2023) |   | 10.81% (Libor + 8.00%/Q) |   | 4/23/2018 |   | 59.7 |  |   | 60.7 |  | (2)(15) |   |
| Utility Pipeline, Ltd. (19)                                    |   | Natural gas distribution management company |   | First lien senior secured revolving loan ($0.1 par due 4/2022) |   | 6.69% (Libor + 4.00%/Q) |   | 2/8/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
| VPROP Operating, LLC and Vista Proppants and Logistics, LLC    |   | Sand-based proppant producer and distributor to the oil and natural gas industry |   | First lien senior secured loan ($28.5 par due 8/2021) |   | 12.24% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 8/1/2017 |   | 28.4 |  |   | 28.5 |  | (2)(15) |   |

----

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|--------------------------------------------------------------------------|
|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                               |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                     |   |   |   | First lien senior secured loan ($35.6 par due 8/2021) |   | 12.24% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 11/9/2017 |   | 35.6 |  |   | 35.6 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($15.3 par due 8/2021) |   | 12.24% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 3/1/2017 |   | 15.3 |  |   | 15.3 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($76.3 par due 8/2021) |   | 12.24% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 3/1/2017 |   | 76.3 |  |   | 76.3 |  | (3)(15) |   |
|                                                                     |   |   |   | Common units (997,864 units) |   |   |   | 11/9/2017 |   | 9.7 |  |   | 9.6 |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 165.3 |  |   | 165.3 |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 404.5 |  |   | 372.7 |  |   | 5.11 | % |
| Food and Beverage                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| American Seafoods Group LLC and American Seafoods Partners LLC           |   | Harvester and processor of seafood |   | Class A units (77,922 units) |   |   |   | 8/19/2015 |   | 0.1 |  |   | 0.2 |  | (2) |   |
|                                                                     |   |   |   | Warrant to purchase up to 7,422,078 Class A units (expires 8/2035) |   |   |   | 8/19/2015 |   | 7.4 |  |   | 15.6 |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 7.5 |  |   | 15.8 |  |   |   |
| CHG PPC Parent LLC                                                       |   | Diversified food products manufacturer |   | Second lien senior secured loan ($60.5 par due 3/2026) |   | 10.02% (Libor + 7.50%/M) |   | 3/30/2018 |   | 60.5 |  |   | 59.9 |  | (2)(15) |   |
| Edward Don & Company, LLC and VCP-EDC Co-Invest, LLC                 |   | Distributor of foodservice equipment and supplies |   | Membership units (2,970,000 units) |   |   |   | 6/9/2017 |   | 3.0 |  |   | 4.2 |  |   |   |
| Ferraro Fine Foods Corp. and Italian Fine Foods Holdings L.P. (19)       |   | Specialty Italian food distributor |   | First lien senior secured revolving loan ($1.3 par due 5/2023) |   | 6.85% (Libor + 4.25%/Q) |   | 5/9/2018 |   | 1.3 |  |   | 1.3 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.7 par due 5/2024) |   | 7.02% (Libor + 4.25%/Q) |   | 12/7/2018 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                     |   |   |   | First lien senior secured loan ($9.4 par due 5/2024) |   | 6.85% (Libor + 4.25%/Q) |   | 5/9/2018 |   | 9.4 |  |   | 9.4 |  | (2)(15) |   |
|                                                                     |   |   |   | Class A common units (2,724,000 units) |   |   |   | 5/9/2018 |   | 2.7 |  |   | 3.1 |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 14.1 |  |   | 14.5 |  |   |   |
| Gehl Foods, LLC and GF Parent LLC                                        |   | Producer of low-acid, aseptic food and beverage products |   | Class A preferred units |   |   |   | 5/13/2015 |   | 2.9 |  |   | — |  | (2) |   |
|                                                                     |   |   |   | Class A common units (60,000 units) |   |   |   | 5/13/2015 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                     |   |   |   | Class B common units (0.26 units) |   |   |   | 5/13/2015 |   | — |  |   | — |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 3.0 |  |   | — |  |   |   |
| H-Food Holdings, LLC and Matterhorn Parent, LLC                          |   | Food contract manufacturer |   | First lien senior secured loan ($30.9 par due 5/2025) |   | 6.52% (Libor + 4.00%/M) |   | 11/25/2018 |   | 30.6 |  |   | 30.0 |  | (2)(15) |   |
|                                                                     |   |   |   | Second lien senior secured loan ($73.0 par due 3/2026) |   | 9.51% (Libor + 7.00%/M) |   | 11/25/2018 |   | 73.0 |  |   | 71.6 |  | (2)(15) |   |
|                                                                     |   |   |   | Common units (5,827 units) |   |   |   | 11/25/2018 |   | 5.8 |  |   | 5.8 |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 109.4 |  |   | 107.4 |  |   |   |
| Hometown Food Company (19)                                               |   | Food distributor |   | First lien senior secured loan ($9.3 par due 8/2023) |   | 7.78% (Libor + 5.25%/M) |   | 8/31/2018 |   | 9.1 |  |   | 9.2 |  | (2)(15) |   |
| JWC/KI Holdings, LLC                                                     |   | Foodservice sales and marketing agency |   | Membership units (5,000 units) |   |   |   | 11/16/2015 |   | 5.0 |  |   | 5.3 |  | (2) |   |
| KC Culinarte Intermediate, LLC                                           |   | Manufacturer of fresh refrigerated and frozen food products |   | Second lien senior secured loan ($35.7 par due 8/2026) |   | 10.26% (Libor + 7.75%/M) |   | 8/24/2018 |   | 35.7 |  |   | 35.1 |  | (2)(15) |   |
| NECCO Holdings, Inc. and New England Confectionery Company, Inc. (7)(19) |   | Producer and supplier of candy |   | First lien senior secured revolving loan ($19.9 par due 1/2018) |   | — |   | 1/3/2017 |   | 7.9 |  |   | 2.9 |  | (14) |   |
|                                                                     |   |   |   | First lien senior secured loan ($2.2 par due 8/2018) |   |   |   | 11/20/2017 |   | 2.1 |  |   | — |  | (14) |   |
|                                                                     |   |   |   | First lien senior secured loan ($11.6 par due 1/2018) |   |   |   | 1/3/2017 |   | 0.9 |  |   | 1.6 |  | (14) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.7 par due 11/2018) |   |   |   | 11/20/2017 |   | 0.7 |  |   | 0.1 |  | (14) |   |
|                                                                     |   |   |   | Common stock (860,189 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 11.6 |  |   | 4.6 |  |   |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                           |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| PCM Bmark, Inc. and BakeMark Holdings, Inc.                          |   | Manufacturer and distributor of specialty bakery ingredients |   | First lien senior secured loan ($0.6 par due 8/2023) |   | 7.77% (Libor + 5.25%/M) |   | 5/9/2018 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
| RF HP SCF Investor, LLC (9)                                          |   | Branded specialty food company |   | Membership interest (10.08% interest) |   |   |   | 12/22/2016 |   | 12.5 |  |   | 16.2 |  | (2) |   |
| Sovos Brands Intermediate, Inc. (19)                                 |   | Food and beverage platform |   | First lien senior secured loan ($16.9 par due 11/2025) |   | 7.64% (Libor + 5.00%/S) |   | 11/20/2018 |   | 16.7 |  |   | 16.7 |  | (2)(15) |   |
| Teasdale Foods, Inc. (19)                                            |   | Provider of beans, sauces and hominy to the retail, foodservice and wholesale channels |   | First lien senior secured revolving loan ($0.6 par due 10/2020) |   | 7.72% (Libor + 5.25%/M) |   | 6/30/2017 |   | 0.6 |  |   | 0.5 |  | (2)(15) |   |
|                                                                 |   |   |   | First lien senior secured revolving loan ($0.1 par due 10/2020) |   | 9.75% (Base Rate + 4.25%/M) |   | 6/30/2017 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                                 |   |   |   | First lien senior secured loan ($0.6 par due 10/2020) |   | 7.65% (Libor + 5.25%/Q) |   | 6/26/2018 |   | 0.6 |  |   | 0.6 |  | (2)(15) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($33.6 par due 10/2021) |   | 11.28% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 33.6 |  |   | 28.9 |  | (2)(15) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($31.5 par due 10/2021) |   | 11.28% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 31.5 |  |   | 27.1 |  | (2)(15) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($21.3 par due 10/2021) |   | 11.24% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 21.3 |  |   | 18.3 |  | (2)(15) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 87.7 |  |   | 75.5 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 376.4 |  |   | 365.0 |  |   | 5.00 | % |
| Automotive Services                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| A.U.L. Corp. (19)                                                    |   | Provider of vehicle service contracts and limited warranties for passenger vehicles |   | First lien senior secured loan ($7.0 par due 6/2023) |   | 7.06% (Libor + 4.50%/M) |   | 6/7/2017 |   | 7.0 |  |   | 7.0 |  | (2)(15) |   |
| AEP Holdings, Inc. and Arrowhead Holdco Company                      |   | Distributor of non-discretionary, mission-critical aftermarket replacement parts |   | First lien senior secured loan ($0.1 par due 8/2021) |   | 8.35% (Libor + 6.00%/S) |   | 6/28/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                                 |   |   |   | First lien senior secured loan ($27.4 par due 8/2021) |   | 8.51% (Libor + 6.00%/S) |   | 6/28/2018 |   | 27.3 |  |   | 26.8 |  | (2)(15) |   |
|                                                                 |   |   |   | Common stock (3,467 shares) |   |   |   | 8/31/2015 |   | 3.5 |  |   | 2.7 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 30.9 |  |   | 29.6 |  |   |   |
| ChargePoint, Inc.                                                    |   | Developer and operator of electric vehicle charging stations |   | Warrant to purchase up to 809,126 shares of Series E preferred stock (expires 12/2024) |   |   |   | 12/30/2014 |   | 0.3 |  |   | 2.8 |  | (2) |   |
| Dent Wizard International Corporation and DWH Equity Investors, L.P. |   | Automotive reconditioning services |   | Second lien senior secured loan ($50.0 par due 10/2020) |   | 10.51% (Libor + 8.00%/M) |   | 4/7/2015 |   | 50.0 |  |   | 50.0 |  | (2)(15) |   |
|                                                                 |   |   |   | Class A common stock (10,000 shares) |   |   |   | 4/7/2015 |   | 0.2 |  |   | 0.6 |  | (2) |   |
|                                                                 |   |   |   | Class B common stock (20,000 shares) |   |   |   | 4/7/2015 |   | 0.4 |  |   | 1.3 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 50.6 |  |   | 51.9 |  |   |   |
| Eckler Industries, Inc. and Eckler Purchaser LLC (7)(19)             |   | Restoration parts and accessories provider for classic automobiles |   | First lien senior secured revolving loan ($1.3 par due 5/2022) |   | 12.00% |   | 7/12/2012 |   | 1.3 |  |   | 1.3 |  | (2) |   |
|                                                                 |   |   |   | First lien senior secured loan ($18.3 par due 5/2022) |   | 12.00% |   | 7/12/2012 |   | 18.1 |  |   | 18.3 |  | (2) |   |
|                                                                 |   |   |   | Class A preferred units (67,972 units) |   |   |   | 7/12/2012 |   | 15.9 |  |   | 3.2 |  | (2) |   |
|                                                                 |   |   |   | Class A common units (67,972 units) |   |   |   | 7/12/2012 |   | 0.5 |  |   | — |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 35.8 |  |   | 22.8 |  |   |   |
| ESCP PPG Holdings, LLC (6)                                           |   | Distributor of new equipment and aftermarket parts to the heavy-duty truck industry |   | Class A units (3,500,000 units) |   |   |   | 12/14/2016 |   | 3.5 |  |   | 2.4 |  | (2) |   |
| GB Auto Service Holdings, LLC (19)                                   |   | Automotive parts and repair services retailer |   | First lien senior secured loan ($22.4 par due 10/2024) |   | 8.47% (Libor + 6.00%/M) |   | 10/19/2018 |   | 22.4 |  |   | 22.2 |  | (3)(15) |   |

----

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                         |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                               |   |   |   | Common units (3,700,000 units) |   |   |   | 10/19/2018 |   | 4.6 |  |   | 4.6 |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 27.0 |  |   | 26.8 |  |   |   |
| Mavis Tire Express Services Corp. and Mavis Tire Express Services TopCo, L.P. (19) |   | Auto parts retailer |   | Second lien senior secured loan ($1.4 par due 3/2026) |   | 9.97% (Libor + 7.50%/M) |   | 3/20/2018 |   | 1.4 |  |   | 1.4 |  | (2)(15) |   |
|                                                                               |   |   |   | Second lien senior secured loan ($153.9 par due 3/2026) |   | 9.97% (Libor + 7.50%/M) |   | 3/20/2018 |   | 151.7 |  |   | 152.4 |  | (2)(15) |   |
|                                                                               |   |   |   | Class A units (12,400,000 units) |   |   |   | 3/20/2018 |   | 12.4 |  |   | 13.0 |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 165.5 |  |   | 166.8 |  |   |   |
| Simpson Performance Products, Inc.                                                 |   | Provider of motorsports safety equipment |   | First lien senior secured loan ($28.3 par due 2/2020) |   | 10.28% (Libor + 7.48%/Q) |   | 2/20/2015 |   | 28.3 |  |   | 28.3 |  | (3)(15) |   |
| SK SPV IV, LLC                                                                     |   | Collision repair site operator |   | Series A common stock (12,500 units) |   |   |   | 8/18/2014 |   | 0.6 |  |   | 2.5 |  | (2) |   |
|                                                                               |   |   |   | Series B common stock (12,500 units) |   |   |   | 8/18/2014 |   | 0.6 |  |   | 2.5 |  | (2) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 1.2 |  |   | 5.0 |  |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 350.1 |  |   | 343.4 |  |   | 4.71 | % |
| Wholesale Distribution                                                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DFS Holding Company, Inc.                                                          |   | Distributor of maintenance, repair, and operations parts, supplies, and equipment to the foodservice industry |   | First lien senior secured loan ($4.6 par due 2/2022) |   | 8.27% (Libor + 5.75%/M) |   | 3/1/2017 |   | 4.6 |  |   | 4.5 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($85.8 par due 2/2022) |   | 8.27% (Libor + 5.75%/M) |   | 7/26/2017 |   | 85.8 |  |   | 83.2 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($93.5 par due 2/2022) |   | 8.27% (Libor + 5.75%/M) |   | 7/26/2017 |   | 93.5 |  |   | 90.7 |  | (3)(15) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 183.9 |  |   | 178.4 |  |   |   |
| Flow Control Solutions, Inc. (19)                                                  |   | Distributor and manufacturer of flow control systems components |   | First lien senior secured revolving loan ($0.4 par due 11/2024) |   | 8.05% (Libor + 5.25%/Q) |   | 11/21/2018 |   | 0.4 |  |   | 0.4 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($13.7 par due 11/2024) |   | 8.05% (Libor + 5.25%/Q) |   | 11/21/2018 |   | 13.7 |  |   | 13.6 |  | (3)(15) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 14.1 |  |   | 14.0 |  |   |   |
| KHC Holdings, Inc. and Kele Holdco, Inc. (19)                                      |   | Catalog-based distribution services provider for building automation systems |   | First lien senior secured revolving loan ($0.7 par due 10/2020) |   | 6.76% (Libor + 4.25%/M) |   | 1/3/2017 |   | 0.7 |  |   | 0.7 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($66.0 par due 10/2022) |   | 8.80% (Libor + 6.00%/Q) |   | 1/3/2017 |   | 66.0 |  |   | 66.0 |  | (3)(15) |   |
|                                                                               |   |   |   | Common stock (30,000 shares) |   |   |   | 1/3/2017 |   | 3.1 |  |   | 3.3 |  |   |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 69.8 |  |   | 70.0 |  |   |   |
| PetIQ, LLC                                                                         |   | Distributor and manufacturer of pet prescription medications and health products |   | First lien senior secured revolving loan ($17.9 par due 1/2023) |   | 7.60% (Libor + 5.25%/M) |   | 1/17/2018 |   | 17.9 |  |   | 17.9 |  | (2)(15) |   |
|                                                                               |   |   |   |   |   |   |   |   |   | 285.7 |  |   | 280.3 |  |   | 3.84 | % |
| Education                                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Excelligence Holdings Corp.                                                        |   | Developer, manufacturer and retailer of educational products |   | First lien senior secured loan ($9.3 par due 4/2023) |   | 8.52% (Libor + 6.00%/M) |   | 4/17/2017 |   | 9.3 |  |   | 8.0 |  | (4)(15) |   |
| Flinn Scientific, Inc. and WCI-Quantum Holdings, Inc. (19)                         |   | Distributor of instructional products, services and resources |   | First lien senior secured loan ($20.9 par due 8/2023) |   | 7.55% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 20.9 |  |   | 20.9 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($25.4 par due 8/2023) |   | 7.53% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 25.4 |  |   | 25.4 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($0.1 par due 8/2023) |   | 9.25% (Base Rate + 3.75%/Q) |   | 7/26/2017 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                                               |   |   |   | First lien senior secured loan ($11.2 par due 8/2023) |   | 7.58% (Libor + 4.75%/Q) |   | 8/31/2018 |   | 11.2 |  |   | 11.2 |  | (2)(15) |   |

----

|                                                                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                                                             |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                                                                                                   |   |   |   | Series A preferred stock (1,272 shares) |   |   |   | 10/24/2014 |   | 0.7 |  |   | 1.0 |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 58.3 |  |   | 58.6 |  |   |   |
| Frontline Technologies Group Holding LLC, Frontline Technologies Blocker Buyer, Inc., Frontline Technologies Holdings, LLC and Frontline Technologies Parent, LLC (19) |   | Provider of human capital management (“HCM”) and SaaS-based software solutions to employees and administrators of K-12 school organizations |   | First lien senior secured loan ($19.4 par due 9/2023) |   | 9.02% (Libor + 6.50%/M) |   | 9/19/2017 |   | 19.1 |  |   | 19.4 |  | (2)(15) |   |
|                                                                                                                                                                   |   |   |   | Class A preferred units (4,574 units) |   |   |   | 9/18/2017 |   | 4.6 |  |   | 5.6 |  |   |   |
|                                                                                                                                                                   |   |   |   | Class B common units |   |   |   | 9/18/2017 |   | — |  |   | 0.8 |  |   |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 23.7 |  |   | 25.8 |  |   |   |
| Infilaw Holding, LLC (19)                                                                                                                                              |   | Operator of for-profit law schools |   | First lien senior secured revolving loan ($5.0 par due 9/2022) |   |   |   | 8/25/2011 |   | 4.2 |  |   | — |  | (2)(14)(18) |   |
| Instituto de Banca y Comercio, Inc. & Leeds IV Advisors, Inc.                                                                                                      |   | Private school operator |   | First lien senior secured loan ($12.3 par due 10/2020) |   |   |   | 10/31/2015 |   | 12.3 |  |   | 12.3 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Senior preferred series A-1 shares (163,902 shares) |   |   |   | 10/31/2015 |   | 119.4 |  |   | 18.2 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series B preferred stock (1,401,385 shares) |   |   |   | 8/5/2010 |   | 4.0 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series B preferred stock (348,615 shares) |   |   |   | 8/5/2010 |   | 1.0 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series C preferred stock (1,994,644 shares) |   |   |   | 6/7/2010 |   | 0.5 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series C preferred stock (517,942 shares) |   |   |   | 6/7/2010 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Common stock (16 shares) |   |   |   | 6/7/2010 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Common stock (4 shares) |   |   |   | 6/7/2010 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 137.3 |  |   | 30.5 |  |   |   |
| Liaison Acquisition, LLC (19)                                                                                                                                          |   | Provider of centralized applications services to educational associations |   | Second lien senior secured loan ($5.3 par due 8/2023) |   | 11.72% (Libor + 9.25%/M) |   | 2/9/2017 |   | 5.2 |  |   | 5.3 |  | (2)(15) |   |
| PIH Corporation and Primrose Holding Corporation (6)(19)                                                                                                               |   | Franchisor of education-based early childhood centers |   | First lien senior secured revolving loan ($1.0 par due 12/2020) |   | 7.88% (Libor + 5.50%/M) |   | 12/13/2013 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                                                                                                                                   |   |   |   | First lien senior secured loan ($1.6 par due 12/2020) |   | 7.85% (Libor + 5.50%/M) |   | 12/15/2017 |   | 1.6 |  |   | 1.6 |  | (2)(15) |   |
|                                                                                                                                                                   |   |   |   | Common stock (7,227 shares) |   |   |   | 1/3/2017 |   | 10.7 |  |   | 23.0 |  |   |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 13.3 |  |   | 25.6 |  |   |   |
| R3 Education Inc., Equinox EIC Partners LLC and Sierra Education Finance Corp.                                                                                         |   | Medical school operator |   | Common membership interest (15.76% interest) |   |   |   | 9/21/2007 |   | 15.8 |  |   | 15.8 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Warrant to purchase up to 27,890 shares (expires 11/2019) |   |   |   | 12/8/2009 |   | — |  |   | 7.5 |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 15.8 |  |   | 23.3 |  |   |   |
| Raptor Technologies, LLC and Rocket Parent, LLC (19)                                                                                                                   |   | Provider of SaaS-based safety and security software to the K-12 school market |   | First lien senior secured loan ($16.1 par due 12/2024) |   | 8.46% (Libor + 6.00%/M) |   | 12/17/2018 |   | 16.1 |  |   | 15.9 |  | (2)(15) |   |
|                                                                                                                                                                   |   |   |   | Class A common units (2,294,000 units) |   |   |   | 12/17/2018 |   | 2.3 |  |   | 2.3 |  |   |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 18.4 |  |   | 18.2 |  |   |   |
| Regent Education, Inc.                                                                                                                                                 |   | Provider of software solutions designed to optimize the financial aid and enrollment processes |   | Warrant to purchase up to 987 shares of common stock (expires 12/2026) |   |   |   | 12/23/2016 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Warrant to purchase up to 5,393,194 shares of common stock (expires 12/2026) |   |   |   | 12/23/2016 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |

----

|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| RuffaloCODY, LLC (19)                                                                         |   | Provider of student fundraising and enrollment management services |   | First lien senior secured revolving loan |   | — |   | 5/29/2013 |   | — |  |   | — |  | (2)(17) |   |
| Severin Acquisition, LLC (19)                                                                 |   | Provider of student information system software solutions to the K-12 education market |   | Second lien senior secured loan ($80.0 par due 8/2026) |   | 9.13% (Libor + 6.75%/M) |   | 6/12/2018 |   | 79.2 |  |   | 77.6 |  | (2)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 364.7 |  |   | 272.9 |  |   | 3.74 | % |
| Containers and Packaging                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GS Pretium Holdings, Inc.                                                                     |   | Manufacturer and supplier of high performance plastic containers |   | Common stock (500,000 shares) |   |   |   | 6/2/2014 |   | 0.5 |  |   | 1.0 |  | (2) |   |
| LBP Intermediate Holdings LLC (19)                                                            |   | Manufacturer of paper and corrugated foodservice packaging |   | First lien senior secured revolving loan |   | — |   | 7/10/2015 |   | — |  |   | — |  | (17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($11.5 par due 7/2020) |   | 8.12% (Libor + 5.50%/Q) |   | 11/13/2018 |   | 11.4 |  |   | 11.3 |  | (2)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($11.8 par due 7/2020) |   | 8.30% (Libor + 5.50%/Q) |   | 7/10/2015 |   | 11.7 |  |   | 11.7 |  | (3)(15) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($5.0 par due 7/2020) |   | 8.30% (Libor + 5.50%/Q) |   | 7/10/2015 |   | 5.0 |  |   | 4.9 |  | (4)(15) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 28.1 |  |   | 27.9 |  |   |   |
| Microstar Logistics LLC, Microstar Global Asset Management LLC, and MStar Holding Corporation |   | Keg management solutions provider |   | Second lien senior secured loan ($57.5 par due 8/2021) |   | 10.02% (Libor + 7.50%/M) |   | 12/14/2012 |   | 57.5 |  |   | 57.5 |  | (2)(15) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($75.0 par due 8/2021) |   | 10.02% (Libor + 7.50%/M) |   | 12/14/2012 |   | 75.0 |  |   | 75.0 |  | (3)(15) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($10.0 par due 8/2021) |   | 10.02% (Libor + 7.50%/M) |   | 12/14/2012 |   | 10.0 |  |   | 10.0 |  | (4)(15) |   |
|                                                                                          |   |   |   | Common stock (54,710 shares) |   |   |   | 12/14/2012 |   | 4.9 |  |   | 8.2 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 147.4 |  |   | 150.7 |  |   |   |
| NSI Holdings, Inc. (6)                                                                        |   | Manufacturer of plastic containers for the wholesale nursery industry |   | Series A preferred stock (2,192 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Ranpak Corp.                                                                                  |   | Manufacturer and marketer of paper-based protective packaging systems and materials |   | Second lien senior secured loan ($8.0 par due 10/2022) |   | 9.71% (Libor + 7.25%/M) |   | 1/3/2017 |   | 7.8 |  |   | 8.0 |  | (2)(15) |   |
| SCI PH Parent, Inc.                                                                           |   | Industrial container manufacturer, reconditioner and servicer |   | Series B shares (11.4764 shares) |   |   |   | 8/24/2018 |   | 1.1 |  |   | 1.8 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 184.9 |  |   | 189.4 |  |   | 2.60 | % |
| Environmental Services                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| MPH Energy Holdings, LP                                                                       |   | Operator of municipal recycling facilities |   | Limited partnership interest (3.13% interest) |   |   |   | 1/8/2014 |   | — |  |   | — |  | (2) |   |
| RE Community Holdings GP, LLC and RE Community Holdings, LP                                   |   | Operator of municipal recycling facilities |   | Limited partnership interest (2.86% interest) |   |   |   | 3/1/2011 |   | — |  |   | — |  | (2) |   |
|                                                                                          |   |   |   | Limited partnership interest (2.49% interest) |   |   |   | 3/1/2011 |   | — |  |   | — |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| Soil Safe, Inc. and Soil Safe Acquisition Corp. (7)(19)                                       |   | Provider of soil treatment, recycling and placement services |   | First lien senior secured revolving loan |   | — |   | 1/3/2017 |   | — |  |   | — |  | (17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($18.0 par due 1/2020) |   | 8.77% (Libor + 6.25%/M) |   | 1/3/2017 |   | 18.0 |  |   | 18.0 |  | (2)(15) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($12.7 par due 6/2020) |   | 10.75% (Libor + 7.75%/M) |   | 1/3/2017 |   | 12.7 |  |   | 12.7 |  | (2)(15) |   |
|                                                                                          |   |   |   | Senior subordinated loan ($43.4 par due 12/2020) |   | 16.50% PIK |   | 1/3/2017 |   | 43.4 |  |   | 43.4 |  | (2) |   |
|                                                                                          |   |   |   | Senior subordinated loan ($36.5 par due 12/2020) |   | 14.50% PIK |   | 1/3/2017 |   | 36.5 |  |   | 36.5 |  | (2) |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                             |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                   |   |   |   | Senior subordinated loan ($36.4 par due 12/2020) |   |   |   | 1/3/2017 |   | 11.5 |  |   | 10.2 |  | (2)(14) |   |
|                                                                   |   |   |   | Common stock (810 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 122.1 |  |   | 120.8 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 122.1 |  |   | 120.8 |  |   | 1.66 | % |
| Aerospace and Defense                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cadence Aerospace, LLC (19)                                            |   | Aerospace precision components manufacturer |   | First lien senior secured revolving loan |   | — |   | 11/14/2017 |   | — |  |   | — |  | (17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($32.2 par due 11/2023) |   | 9.11% (Libor + 6.50%/Q) |   | 11/14/2017 |   | 31.9 |  |   | 32.2 |  | (3)(15) |   |
|                                                                   |   |   |   | First lien senior secured loan ($10.0 par due 11/2023) |   | 8.91% (Libor + 6.50%/Q) |   | 7/5/2018 |   | 10.0 |  |   | 10.0 |  | (2)(15) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 41.9 |  |   | 42.2 |  |   |   |
| MB Aerospace Holdings II Corp.                                         |   | Aerospace engine components manufacturer |   | Second lien senior secured loan ($68.4 par due 1/2026) |   | 11.30% (Libor + 8.50%/Q) |   | 1/22/2018 |   | 68.4 |  |   | 68.4 |  | (2)(15) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 110.3 |  |   | 110.6 |  |   | 1.52 | % |
| Chemicals                                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| AMZ Holding Corp. (19)                                                 |   | Specialty chemicals manufacturer |   | First lien senior secured loan ($12.0 par due 6/2022) |   | 7.52% (Libor + 5.00%/M) |   | 6/27/2017 |   | 12.0 |  |   | 12.0 |  | (4)(15) |   |
| Genomatica, Inc.                                                       |   | Developer of a biotechnology platform for the production of chemical products |   | Warrant to purchase 322,422 shares of Series D preferred stock (expires 3/2023) |   |   |   | 3/28/2013 |   | — |  |   | — |  | (2) |   |
| Plaskolite PPC Intermediate II LLC and Plaskolite PPC Blocker LLC      |   | Manufacturer of specialized acrylic and polycarbonate sheets |   | First lien senior secured loan ($25.0 par due 12/2025) |   | 6.69% (Libor + 4.25%/Q) |   | 12/14/2018 |   | 24.5 |  |   | 24.5 |  | (2)(15) |   |
|                                                                   |   |   |   | Second lien senior secured loan ($55.7 par due 12/2026) |   | 10.19% (Libor + 7.75%/M) |   | 12/14/2018 |   | 55.7 |  |   | 54.6 |  | (2)(15) |   |
|                                                                   |   |   |   | Co-Invest units (5,969 units) |   |   |   | 12/14/2018 |   | 0.6 |  |   | 0.6 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 80.8 |  |   | 79.7 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 92.8 |  |   | 91.7 |  |   | 1.26 | % |
| Printing, Publishing and Media                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Connoisseur Media, LLC                                                 |   | Owner and operator of radio stations |   | First lien senior secured loan ($13.5 par due 6/2019) |   | 8.80% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 13.5 |  |   | 13.5 |  | (2)(15) |   |
|                                                                   |   |   |   | First lien senior secured loan ($23.6 par due 6/2019) |   | 8.90% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 23.6 |  |   | 23.6 |  | (2)(15) |   |
|                                                                   |   |   |   | First lien senior secured loan ($10.1 par due 6/2019) |   | 8.90% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 10.1 |  |   | 10.1 |  | (4)(15) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 47.2 |  |   | 47.2 |  |   |   |
| Roark-Money Mailer LLC                                                 |   | Marketer, advertiser and distributor of coupons in the mail industry |   | Membership units (35,000 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| The Teaching Company Holdings, Inc.                                    |   | Education publications provider |   | Preferred stock (10,663 shares) |   |   |   | 9/29/2006 |   | 1.1 |  |   | — |  | (2) |   |
|                                                                   |   |   |   | Common stock (15,393 shares) |   |   |   | 9/29/2006 |   | — |  |   | — |  | (2) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 1.1 |  |   | — |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 48.3 |  |   | 47.2 |  |   | 0.65 | % |
| Computers and Electronics                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Everspin Technologies, Inc.                                            |   | Designer and manufacturer of computer memory solutions |   | Warrant to purchase up to 18,461 shares of common stock (expires 10/2026) |   |   |   | 10/7/2016 |   | 0.4 |  |   | — |  | (2)(22) |   |
| Imaging Business Machines, L.L.C. and Scanner Holdings Corporation (7) |   | Provider of high-speed intelligent document scanning hardware and software |   | Senior subordinated loan ($8.3 par due 6/2022) |   | 14.00% |   | 1/3/2017 |   | 8.1 |  |   | 8.3 |  | (2) |   |
|                                                                   |   |   |   | Senior subordinated loan ($8.3 par due 6/2022) |   | 14.00% |   | 1/3/2017 |   | 8.1 |  |   | 8.3 |  | (2) |   |
|                                                                   |   |   |   | Series A preferred stock (66,424,135 shares) |   |   |   | 1/3/2017 |   | — |  |   | 8.0 |  |   |   |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                       |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                             |   |   |   | Class A common stock (33,173 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                             |   |   |   | Class B common stock (134,214 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   | 16.2 |  |   | 24.6 |  |   |   |
| Zemax Software Holdings, LLC (19)                                |   | Provider of optical illumination design software to design engineers |   | First lien senior secured loan ($17.0 par due 6/2024) |   | 8.55% (Libor + 5.75%/Q) |   | 6/25/2018 |   | 17.0 |  |   | 16.9 |  | (3)(15) |   |
|                                                             |   |   |   |   |   |   |   |   |   | 33.6 |  |   | 41.5 |  |   | 0.57 | % |
| Farming and Agriculture                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| QC Supply, LLC (19)                                              |   | Specialty distributor and solutions provider to the swine and poultry markets |   | First lien senior secured revolving loan ($9.0 par due 12/2021) |   | 8.52% (Libor + 6.00%/M) |   | 12/29/2016 |   | 9.0 |  |   | 8.5 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($8.7 par due 12/2022) |   | 8.52% (Libor + 6.00%/M) |   | 12/29/2016 |   | 8.7 |  |   | 8.2 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($11.1 par due 12/2022) |   | 8.52% (Libor + 6.00%/M) |   | 12/29/2016 |   | 11.1 |  |   | 10.5 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($14.7 par due 12/2022) |   | 8.52% (Libor + 6.00%/M) |   | 12/29/2016 |   | 14.7 |  |   | 13.9 |  | (4)(15) |   |
|                                                             |   |   |   |   |   |   |   |   |   | 43.5 |  |   | 41.1 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   | 43.5 |  |   | 41.1 |  |   | 0.56 | % |
| Retail                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Paper Source, Inc. and Pine Holdings, Inc. (19)                  |   | Retailer of fine and artisanal paper products |   | First lien senior secured revolving loan ($1.9 par due 9/2019) |   | 10.50% (Base Rate + 5.00%/Q) |   | 9/23/2013 |   | 1.9 |  |   | 1.9 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($9.3 par due 9/2019) |   | 9.05% (Libor + 6.25%/Q) |   | 9/23/2013 |   | 9.3 |  |   | 9.2 |  | (4)(15) |   |
|                                                             |   |   |   | Class A common stock (36,364 shares) |   |   |   | 9/23/2013 |   | 6.0 |  |   | 2.2 |  | (2) |   |
|                                                             |   |   |   |   |   |   |   |   |   | 17.2 |  |   | 13.3 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   | 17.2 |  |   | 13.3 |  |   | 0.18 | % |
| Health Clubs                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Athletic Club Holdings, Inc.                                     |   | Premier health club operator |   | First lien senior secured loan ($3.2 par due 10/2020) |   | 10.84% (Libor + 8.50%/Q) |   | 10/11/2007 |   | 3.2 |  |   | 3.2 |  | (3)(15) |   |
| CFW Co-Invest, L.P. and NCP Curves, L.P.                         |   | Health club franchisor |   | Limited partnership interest (4,152,165 shares) |   |   |   | 7/31/2012 |   | 4.2 |  |   | 10.7 |  | (2) |   |
|                                                             |   |   |   | Limited partnership interest (2,218,235 shares) |   |   |   | 7/31/2012 |   | — |  |   | — |  | (2)(8) |   |
|                                                             |   |   |   |   |   |   |   |   |   | 4.2 |  |   | 10.7 |  |   |   |
| Movati Athletic (Group) Inc. (8)(19)                             |   | Premier health club operator |   | First lien senior secured loan ($0.5 par due 10/2022) |   | 6.50% (CIBOR + 4.50%/Q) |   | 10/5/2017 |   | 0.6 |  |   | 0.5 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($2.8 par due 10/2022) |   | 6.50% (CIBOR + 4.50%/Q) |   | 10/5/2017 |   | 3.0 |  |   | 2.8 |  | (2)(15) |   |
|                                                             |   |   |   |   |   |   |   |   |   | 3.6 |  |   | 3.3 |  |   |   |
| Sunshine Sub, LLC (19)                                           |   | Premier health club operator |   | First lien senior secured loan ($9.8 par due 5/2024) |   | 7.27% (Libor + 4.75%/M) |   | 5/25/2018 |   | 9.8 |  |   | 9.7 |  | (2)(15) |   |
| Taymax Group Acquisition, LLC and TCP Fit Parent, L.P. (19)      |   | Planet Fitness franchisee |   | First lien senior secured revolving loan ($0.1 par due 7/2024) |   | 7.10% (Libor + 4.75%/M) |   | 7/31/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured revolving loan ($0.1 par due 7/2024) |   | 6.89% (Libor + 4.75%/M) |   | 7/31/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15) |   |
|                                                             |   |   |   | First lien senior secured loan ($4.3 par due 7/2025) |   | 7.55% (Libor + 4.75%/Q) |   | 7/31/2018 |   | 4.3 |  |   | 4.2 |  | (2)(15) |   |
|                                                             |   |   |   | Class A units (30,000 units) |   |   |   | 7/31/2018 |   | 3.0 |  |   | 3.3 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   | 7.5 |  |   | 7.7 |  |   |   |
|                                                             |   |   |   |   |   |   |   |   |   | 28.3 |  |   | 34.6 |  |   | 0.47 | % |
| Hotel Services                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pyramid Management Advisors, LLC and Pyramid Investors, LLC (19) |   | Hotel Operator |   | First lien senior secured revolving loan ($1.7 par due 7/2021) |   | 9.21% (Libor + 6.75%/M) |   | 4/12/2018 |   | 1.7 |  |   | 1.7 |  | (2)(15)(18) |   |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                |   | Business Description |   | Investment |   | Interest(5)(10) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                      |   |   |   | First lien senior secured revolving loan ($0.1 par due 7/2021) |   | 9.27% (Libor + 6.75%/M) |   | 4/12/2018 |   | 0.1 |  |   | 0.1 |  | (2)(15)(18) |   |
|                                      |   |   |   | First lien senior secured loan ($1.5 par due 7/2021) |   | 9.27% (Libor + 6.75%/M) |   | 4/12/2018 |   | 1.5 |  |   | 1.5 |  | (2)(15) |   |
|                                      |   |   |   | First lien senior secured loan ($17.0 par due 7/2021) |   | 9.27% (Libor + 6.75%/M) |   | 4/12/2018 |   | 17.0 |  |   | 17.0 |  | (2)(15) |   |
|                                      |   |   |   | Preferred membership units (996,833 units) |   |   |   | 7/15/2016 |   | 1.0 |  |   | — |  | (2) |   |
|                                      |   |   |   |   |   |   |   |   |   | 21.3 |  |   | 20.3 |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 21.3 |  |   | 20.3 |  |   | 0.28 | % |
| Telecommunications                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| CHL, LTD.                                 |   | Repair and service solutions provider for cable, satellite and telecommunications based service providers |   | Warrant to purchase up to 120,000 shares of Series A common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   | Warrant to purchase up to 280,000 shares of Series B common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   | Warrant to purchase up to 80,000 shares of Series C common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| Extenet Systems, Inc. (19)                |   | Provider of antenna networks for use by wireless service providers, government agencies, healthcare organizations and other commercial enterprises |   | First lien senior secured revolving loan |   | — |   | 2/8/2018 |   | — |  |   | — |  | (17) |   |
| LTG Acquisition, Inc.                     |   | Designer and manufacturer of display, lighting and passenger communication systems for mass transportation markets |   | Class A membership units (5,000 units) |   |   |   | 1/3/2017 |   | 5.1 |  |   | 4.1 |  |   |   |
| Startec Equity, LLC (7)                   |   | Communication services |   | Member interest |   |   |   | 4/1/2010 |   | — |  |   | — |  |   |   |
| TowerCo IV Finance LLC (19)               |   | Owner and operator of cellular telecommunications towers |   | First lien senior secured revolving loan ($7.2 par due 10/2021) |   | 6.01% (Libor + 3.50%/M) |   | 2/8/2018 |   | 7.2 |  |   | 7.2 |  | (2)(15) |   |
|                                      |   |   |   | First lien senior secured revolving loan ($1.2 par due 10/2021) |   | 5.85% (Libor + 3.50%/M) |   | 2/8/2018 |   | 1.2 |  |   | 1.2 |  | (2)(15) |   |
|                                      |   |   |   |   |   |   |   |   |   | 8.4 |  |   | 8.4 |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 13.5 |  |   | 12.5 |  |   | 0.17 | % |
| Commercial Real Estate Financial          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACAS Real Estate Holdings Corporation (7) |   | Real estate holding company |   | Common stock (1,000 shares) |   |   |   | 1/3/2017 |   | 2.6 |  |   | 2.0 |  |   |   |
| NECCO Realty Investments LLC (7)          |   | Real estate holding company |   | Membership units (7,450 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 2.6 |  |   | 2.0 |  |   | 0.03 | % |
| Housing and Building Materials            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Halex Holdings, Inc. (7)(19)              |   | Manufacturer of flooring installation products |   | First lien senior secured revolving loan ($1.9 par due 12/2018) |   | — |   | 1/24/2017 |   | 1.9 |  |   | — |  |   |   |
|                                      |   |   |   | Common stock (51,853 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 1.9 |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 1.9 |  |   | — |  |   | 0.00 | % |
| Total Investments                         |   |   |   |   |   |   |   |   |   | $ | 12,753.8 |  |   | $ | 12,416.7 |  |   | 170.17 | % |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |
| Description                       | Notional Amount to be Purchased | Notional Amount to be sold | Counterparty | Settlement Date | Unrealized Appreciation / (Depreciation) |
| Foreign currency forward contract | $ | 4 |  | CAD | 5 |  | Bank of Montreal | 1/4/2019 | $ | — |  |
| Foreign currency forward contract | $ | 7 |  | CAD | 9 |  | Bank of Montreal | 1/14/2019 | — |  |
| Foreign currency forward contract | $ | 78 |  | CAD | 103 |  | Bank of Montreal | 2/15/2019 | 2 |  |
| Foreign currency forward contract | $ | 25 |  | CAD | 33 |  | Bank of Montreal | 3/22/2019 | — |  |
| Foreign currency forward contract | $ | 17 |  | € | 15 |  | Bank of Montreal | 1/14/2019 | — |  |
| Foreign currency forward contract | $ | 1 |  | € | 1 |  | Bank of Montreal | 2/15/2019 | — |  |
| Foreign currency forward contract | $ | 27 |  | € | 24 |  | Bank of Montreal | 3/6/2019 | — |  |
| Foreign currency forward contract | $ | 94 |  | £ | 72 |  | Bank of Montreal | 2/15/2019 | 2 |  |
| Total                             |   |   |   |   |   |   | $ | 4 |  |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Description        | Payment Terms | Counterparty | Maturity Date | Notional Amount | Value | Upfront Payments/Receipts | Unrealized Appreciation / (Depreciation) |
| Interest rate swap | Pay fixed 2.0642% | Receive Floating One-Month LIBOR of 2.44% | Bank of Montreal | January 4, 2021 | $ | 395 |  | $ | 4 |  | $ | — |  | $ | 4 |  |
| Total              |   |   |   |   |   |   |   | $ | 4 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Other than the Company’s investments listed in footnote 7 below (subject to the limitations set forth therein), the Company does not “Control” any of its portfolio companies, for the purposes of the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”). In general, under the Investment Company Act, the Company would “Control” a portfolio company if the Company owned more than 25% of its outstanding voting securities (i.e., securities with the right to elect directors) and/or had the power to exercise control over the management or policies of such portfolio company. All of the Company’s portfolio company investments, which as of December 31, 2018 represented 170% of the Company’s net assets or 96% of the Company’s total assets, are subject to legal restrictions on sales. |

|     |                                                                                                                                                                                                                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These assets are pledged as collateral for the Revolving Credit Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than the Company’s obligations under the Revolving Credit Facility (see Note 5 to the consolidated financial statements). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | These assets are owned by the Company’s consolidated subsidiary Ares Capital CP Funding LLC (“Ares Capital CP”), are pledged as collateral for the Revolving Funding Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than Ares Capital CP’s obligations under the Revolving Funding Facility (see Note 5 to the consolidated financial statements). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | These assets are owned by the Company’s consolidated subsidiary Ares Capital JB Funding LLC (“ACJB”), are pledged as collateral for the SMBC Funding Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than ACJB’s obligations under the SMBC Funding Facility (see Note 5 to the consolidated financial statements). |

|     |                                                               |
|-----|---------------------------------------------------------------|
| (5) | Investments without an interest rate are non-income producing |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | As defined in the Investment Company Act, the Company is deemed to be an “Affiliated Person” because it owns 5% or more of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2018 in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to Control) are as follows: |

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Year Ended December 31, 2018                                    |   | As of December 31, 2018 |
| (in millions)Company                                                    |   | Purchases (cost) |   | Redemptions (cost) |   | Sales (cost) |   | Interest income |   | Capitalstructuring service fees |   | Dividend income |   | Other income |   | Net realized gains (losses) |   | Net unrealized gains (losses) |   | Fair Value |
| Blue Wolf Capital Fund II, L.P.                                         |   | $ | — |  |   | $ | 1.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.3 |  |   | $ | 2.5 |  |
| Campus Management Acquisition Corp.                                     |   | $ | — |  |   | $ | — |  |   | $ | 10.5 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 3.2 |  |   | $ | (0.5 | ) |   | $ | 0.1 |  |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC |   | $ | 18.8 |  |   | $ | 7.3 |  |   | $ | — |  |   | $ | 2.4 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | (1.0 | ) |   | $ | 39.0 |  |
| ESCP PPG Holdings, LLC                                                  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.4 | ) |   | $ | 2.4 |  |
| European Capital UK SME Debt LP                                         |   | $ | 7.2 |  |   | $ | 9.7 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.0 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.3 |  |   | $ | 39.5 |  |
| Financial Asset Management Systems, Inc. and FAMS Holdings, Inc.        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Imperial Capital Private Opportunities, LP                              |   | $ | 0.1 |  |   | $ | 1.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.1 |  |   | $ | — |  |   | $ | 12.0 |  |   | $ | (13.9 | ) |   | $ | — |  |
| Ioxus, Inc                                                              |   | $ | — |  |   | $ | 4.4 |  |   | $ | — |  |   | $ | 1.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | (0.1 | ) |   | $ | 7.0 |  |
| NSI Holdings, Inc.                                                      |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Panda Temple Power, LLC and T1 Power Holdings LLC                       |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | 0.7 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 3.2 |  |   | $ | 21.9 |  |
| Partnership Capital Growth Fund I, L.P.                                 |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |
| PCG-Ares Sidecar Investment, L.P.                                       |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.9 | ) |   | $ | 4.4 |  |
| PCG-Ares Sidecar Investment II, L.P.                                    |   | $ | — |  |   | $ | 0.9 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 6.7 |  |   | $ | 17.4 |  |
| Petroflow Energy Corporation and TexOak Petro Holdings LLC              |   | $ | — |  |   | $ | 3.1 |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | (1.0 | ) |   | $ | 8.3 |  |
| PIH Corporation and Primrose Holding Corporation                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 5.2 |  |   | $ | 25.6 |  |
| Qualium Investissement                                                  |   | $ | — |  |   | $ | 0.7 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.9 |  |   | $ | (0.7 | ) |   | $ | — |  |
| Shock Doctor, Inc. and Shock Doctor Holdings, LLC                       |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 12.0 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.3 |  |   | $ | — |  |   | $ | (4.6 | ) |   | $ | 81.5 |  |
| Things Remembered, Inc. and TRM Holdco Corp.                            |   | $ | 3.0 |  |   | $ | 1.6 |  |   | $ | 17.8 |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (15.9 | ) |   | $ | 15.1 |  |   | $ | — |  |
| UL Holding Co., LLC                                                     |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 3.5 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (3.7 | ) |   | $ | 42.2 |  |
|                                                                    |   | $ | 29.2 |  |   | $ | 30.6 |  |   | $ | 28.3 |  |   | $ | 20.0 |  |   | $ | — |  |   | $ | 4.1 |  |   | $ | 0.5 |  |   | $ | 0.5 |  |   | $ | 4.0 |  |   | $ | 291.9 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | As defined in the Investment Company Act, the Company is deemed to be both an “Affiliated Person” and “Control” this portfolio company because it owns more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2018 in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control are as follows: |

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Year Ended December 31, 2018                                            |   | As of December 31, 2018 |
| (in millions)Company                                                            |   | Purchases (cost) |   | Redemptions (cost) |   | Sales (cost) |   | Interest income |   | Capitalstructuring service fees |   | Dividend income |   | Other income |   | Net realized gains (losses) |   | Net unrealized gains (losses) |   | Fair Value |
| ACAS Equity Holdings Corporation                                                |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | 0.4 |  |
| ACAS Real Estate Holdings Corporation                                           |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.2 | ) |   | $ | 2.0 |  |
| ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (11.2 | ) |   | $ | 5.5 |  |
| Alcami Holdings, LLC                                                            |   | $ | 4.4 |  |   | $ | 125.1 |  |   | $ | 166.1 |  |   | $ | 19.5 |  |   | $ | — |  |   | $ | — |  |   | $ | 8.0 |  |   | $ | 323.9 |  |   | $ | (166.8 | ) |   | $ | — |  |
| Ares IIIR/IVR CLO Ltd.                                                          |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Callidus Capital Corporation                                                    |   | $ | — |  |   | $ | — |  |   | $ | 3.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.8 | ) |   | $ | 1.3 |  |   | $ | — |  |
| Champion Parent Corporation and Calera XVI, LLC                                 |   | $ | — |  |   | $ | 0.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.7 | ) |   | $ | 0.6 |  |   | $ | — |  |

----

|                                                                            |
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|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| For the Year Ended December 31, 2018                                       |   | As of December 31, 2018 |
| (in millions)Company                                                       |   | Purchases (cost) |   | Redemptions (cost) |   | Sales (cost) |   | Interest income |   | Capitalstructuring service fees |   | Dividend income |   | Other income |   | Net realized gains (losses) |   | Net unrealized gains (losses) |   | Fair Value |
| CoLTS 2005-1                                                               |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| CoLTS 2005-2                                                               |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Columbo Midco Limited, Columbo Bidco Limited and Columbo Topco Limited     |   | $ | — |  |   | $ | — |  |   | $ | 27.9 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 6.2 |  |   | $ | (12.7 | ) |   | $ | — |  |
| CSHM LLC                                                                   |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Eckler Industries, Inc. and Eckler Purchaser LLC                           |   | $ | 1.3 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (2.0 | ) |   | $ | 5.4 |  |   | $ | 22.7 |  |
| ETG Holdings, Inc.                                                         |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Fashion Holding Luxembourg SCA (Modacin/Camaeiu)                           |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| FPI Holding Corporation                                                    |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.4 | ) |   | $ | 1.0 |  |   | $ | — |  |
| Halex Holdings, Inc.                                                       |   | $ | 0.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| HCI Equity, LLC                                                            |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |
| Imaging Business Machines, L.L.C. and Scanner Holdings Corporation         |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.4 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.6 |  |   | $ | — |  |   | $ | 3.4 |  |   | $ | 24.6 |  |
| Ivy Hill Asset Management, L.P.                                            |   | $ | 263.0 |  |   | $ | 63.0 |  |   | $ | — |  |   | $ | 1.0 |  |   | $ | — |  |   | $ | 58.0 |  |   | $ | — |  |   | $ | — |  |   | $ | 2.8 |  |   | $ | 517.9 |  |
| Joyce Lane Capital LLC                                                     |   | $ | 0.8 |  |   | $ | 26.2 |  |   | $ | — |  |   | $ | 0.6 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (5.9 | ) |   | $ | (3.0 | ) |   | $ | 3.9 |  |
| LLSC Holdings Corporation (dba Lawrence Merchandising Services)            |   | $ | — |  |   | $ | 17.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.3 | ) |   | $ | 0.4 |  |
| Miles 33 (Finance) Limited                                                 |   | $ | — |  |   | $ | 15.0 |  |   | $ | — |  |   | $ | 1.6 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (4.3 | ) |   | $ | (3.9 | ) |   | $ | — |  |
| Montgomery Lane, LLC and Montgomery Lane, Ltd.                             |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.6 | ) |   | $ | — |  |
| MVL Group, Inc.                                                            |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Navisun LLC and Navisun Holdings LLC                                       |   | $ | 23.5 |  |   | $ | — |  |   | $ | — |  |   | $ | 1.3 |  |   | $ | 0.3 |  |   | $ | 0.2 |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | — |  |   | $ | 27.9 |  |
| NECCO Holdings, Inc. and New England Confectionery Company, Inc.           |   | $ | 14.4 |  |   | $ | 14.7 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (5.7 | ) |   | $ | 4.6 |  |
| NECCO Realty Investments LLC                                               |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Orion Foods, LLC                                                           |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.4 |  |
| PHL Investors, Inc., and PHL Holding Co.                                   |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Rug Doctor, LLC and RD Holdco Inc.                                         |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.3 |  |   | $ | 28.1 |  |
| S Toys Holdings LLC (fka The Step2 Company, LLC)                           |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.1 | ) |   | $ | 0.4 |  |
| Senior Direct Lending Program, LLC                                         |   | $ | 252.2 |  |   | $ | 87.6 |  |   | $ | — |  |   | $ | 86.9 |  |   | $ | 11.6 |  |   | $ | — |  |   | $ | 4.2 |  |   | $ | — |  |   | $ | — |  |   | $ | 651.7 |  |
| Singer Sewing Company, SVP-Singer Holdings, LLC and SVP-Singer Holdings LP |   | $ | 98.0 |  |   | $ | 21.5 |  |   | $ | — |  |   | $ | 13.6 |  |   | $ | 1.3 |  |   | $ | — |  |   | $ | 4.6 |  |   | $ | — |  |   | $ | (6.8 | ) |   | $ | 235.6 |  |
| Soil Safe, Inc. and Soil Safe Acquisition Corp.                            |   | $ | — |  |   | $ | 4.0 |  |   | $ | — |  |   | $ | 14.8 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | 6.2 |  |   | $ | 120.7 |  |
| Startec Equity, LLC                                                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| The Greeley Company, Inc. and HCP Acquisition Holdings, LLC                |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
|                                                                       |   | $ | 658.4 |  |   | $ | 375.8 |  |   | $ | 197.0 |  |   | $ | 144.8 |  |   | $ | 13.2 |  |   | $ | 58.2 |  |   | $ | 18.0 |  |   | $ | 316.0 |  |   | $ | (190.2 | ) |   | $ | 1,646.9 |  |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|---|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| * | Together with Varagon Capital Partners (“Varagon”) and its clients, the Company has co-invested through the Senior Direct Lending Program LLC (d/b/a the “Senior Direct Lending Program” or the “SDLP”). The SDLP has been capitalized as transactions are completed and all portfolio decisions and generally all other decisions in respect of the SDLP must be approved by an investment committee of the SDLP consisting of representatives of the Company and Varagon (with approval from a representative of each required); therefore, although the Company owns more than 25% of the voting securities of the SDLP, the Company does not believe that it has control over the SDLP (for purposes of the Investment Company Act or otherwise) because, among other things, these “voting securities” do not |

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|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) | Non-U.S. company or principal place of business outside the U.S. and as a result is not a qualifying asset under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. Pursuant to Section 55(a) of the Investment Company Act, 14% of the Company’s total assets are represented by investments at fair value and other assets that are considered “non-qualifying assets” as of December 31, 2018. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | Exception from the definition of investment company under Section 3(c) of the Investment Company Act and as a result is not a qualifying asset under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (10) | Variable rate loans to the Company’s portfolio companies bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate or the Prime Rate), at the borrower’s option, which reset annually (A), semi-annually (S), quarterly (Q), bi-monthly (B), monthly (M) or daily (D). For each such loan, the Company has provided the interest rate in effect on the date presented. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (11) | In addition to the interest earned based on the stated interest rate of this security, the Company is entitled to receive an additional interest amount of 2.00% on $69.5 in aggregate principal amount of a “first out” tranche of the portfolio company’s senior term debt previously syndicated by the Company into “first out” and “last out” tranches, whereby the “first out” tranche will have priority as to the “last out” tranche with respect to payments of principal, interest and any other amounts due thereunder. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (12) | In addition to the interest earned based on the stated interest rate of this security, the Company is entitled to receive an additional interest amount of 2.00% on $38.7 in aggregate principal amount of a “first out” tranche of the portfolio company’s first lien senior secured loans, whereby the “first out” tranche will have priority as to the “last out” tranche with respect to payments of principal, interest and any other amounts due thereunder. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (13) | The Company sold a participating interest of approximately $2.0 in aggregate principal amount of the portfolio company’s first lien senior secured term loan.  As the transaction did not qualify as a “true sale” in accordance with U.S. generally accepted accounting principles, the Company recorded a corresponding $2.0 secured borrowing included in “accounts payable and other liabilities” in the accompanying consolidated balance sheet. |

|      |                                                              |
|------|--------------------------------------------------------------|
| (14) | Loan was on non-accrual status as of December 31, 2018. |

|      |                                            |
|------|--------------------------------------------|
| (15) | Loan includes interest rate floor feature. |

|      |                                                                                                                                                                                                                                                                                                                                                   |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (16) | In addition to the interest earned based on the stated contractual interest rate of this security, the certificates entitle the holders thereof to receive a portion of the excess cash flow from the SDLP’s loan portfolio, after expenses, which may result in a return to the Company greater than the contractual stated interest rate. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                      |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (17) | As of December 31, 2018, no amounts were funded by the Company under this first lien senior secured revolving loan; however, there were letters of credit issued and outstanding through a financial intermediary under the loan. See Note 7 to the consolidated financial statements for further information on letters of credit commitments related to certain portfolio companies. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                             |
|------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (18) | As of December 31, 2018, in addition to the amounts funded by the Company under this first lien senior secured revolving loan, there were also letters of credit issued and outstanding through a financial intermediary under the loan. See Note 7 to the consolidated financial statements for further information on letters of credit commitments related to certain portfolio companies. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (19) | As of December 31, 2018, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that |

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|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                                          | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| 1A Smart Start, LLC                                                     | $ | 3.5 |  | $ | (0.1 | ) | $ | 3.4 |  | $ | — |  | $ | — |  | $ | 3.4 |  |
| 42 North Dental, LLC (fka Gentle Communications, LLC)                   | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| A.U.L. Corp.                                                            | 1.2 |  | — |  | 1.2 |  | — |  | — |  | 1.2 |  |
| Accommodations Plus Technologies LLC                                    | 4.1 |  | — |  | 4.1 |  | — |  | — |  | 4.1 |  |
| Achilles Acquisition LLC                                                | 12.4 |  | — |  | 12.4 |  | — |  | — |  | 12.4 |  |
| ADCS Billings Intermediate Holdings, LLC                                | 5.0 |  | (1.3 | ) | 3.7 |  | — |  | — |  | 3.7 |  |
| ADF Capital, Inc.                                                       | 1.3 |  | — |  | 1.3 |  | — |  | — |  | 1.3 |  |
| ADG, LLC                                                                | 13.7 |  | (11.2 | ) | 2.5 |  | — |  | — |  | 2.5 |  |
| Alcami Corporation                                                      | 29.0 |  | (3.5 | ) | 25.5 |  | — |  | — |  | 25.5 |  |
| AMCP Clean Intermediate, LLC                                            | 4.7 |  | (1.2 | ) | 3.5 |  | — |  | — |  | 3.5 |  |
| American Academy Holdings, LLC                                          | 7.0 |  | (0.9 | ) | 6.1 |  | — |  | — |  | 6.1 |  |
| AMZ Holding Corp.                                                       | 3.4 |  | — |  | 3.4 |  | — |  | — |  | 3.4 |  |
| Apex Clean Energy Holdings, LLC                                         | 5.0 |  | (5.0 | ) | — |  | — |  | — |  | — |  |
| Avetta, LLC                                                             | 7.0 |  | — |  | 7.0 |  | — |  | — |  | 7.0 |  |
| Bambino CI Inc.                                                         | 9.6 |  | (0.3 | ) | 9.3 |  | — |  | — |  | 9.3 |  |
| Blue Campaigns Intermediate Holding Corp.                               | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Cadence Aerospace, LLC                                                  | 14.3 |  | (0.5 | ) | 13.8 |  | — |  | — |  | 13.8 |  |
| Capstone Logistics Acquisition, Inc.                                    | 2.0 |  | (0.9 | ) | 1.1 |  | — |  | — |  | 1.1 |  |
| Care Hospice, Inc                                                       | 2.3 |  | (0.3 | ) | 2.0 |  | — |  | — |  | 2.0 |  |
| CB Trestles OpCo, LLC                                                   | 32.2 |  | — |  | 32.2 |  | — |  | — |  | 32.2 |  |
| CCS-CMGC Holdings, Inc.                                                 | 12.0 |  | (7.9 | ) | 4.1 |  | — |  | — |  | 4.1 |  |
| Center for Autism and Related Disorders, LLC                            | 8.5 |  | (0.4 | ) | 8.1 |  | — |  | — |  | 8.1 |  |
| Centric Brands Inc.                                                     | — |  | — |  | — |  | — |  | — |  | — |  |
| Chariot Acquisition, LLC                                                | 1.0 |  | — |  | 1.0 |  | — |  | — |  | 1.0 |  |
| Chesapeake Research Review, LLC                                         | 5.8 |  | — |  | 5.8 |  | — |  | — |  | 5.8 |  |
| Clearwater Analytics, LLC                                               | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| Command Alkon Incorporated                                              | 6.3 |  | (3.0 | ) | 3.3 |  | — |  | — |  | 3.3 |  |
| Comprehensive EyeCare Partners, LLC                                     | 3.7 |  | (0.2 | ) | 3.5 |  | — |  | — |  | 3.5 |  |
| Corepoint Health, LLC                                                   | 4.3 |  | — |  | 4.3 |  | — |  | — |  | 4.3 |  |
| Cozzini Bros., Inc. and BH-Sharp Holdings LP                            | 24.2 |  | (1.5 | ) | 22.7 |  | — |  | — |  | 22.7 |  |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC | 7.5 |  | (0.9 | ) | 6.6 |  | — |  | — |  | 6.6 |  |
| CST Buyer Company                                                       | 4.2 |  | — |  | 4.2 |  | — |  | — |  | 4.2 |  |
| D4C Dental Brands, Inc.                                                 | 5.0 |  | (3.3 | ) | 1.7 |  | — |  | — |  | 1.7 |  |
| DCA Investment Holding, LLC                                             | 5.8 |  | (0.4 | ) | 5.4 |  | — |  | — |  | 5.4 |  |
| DecoPac, Inc.                                                           | 8.1 |  | — |  | 8.1 |  | — |  | — |  | 8.1 |  |
| DFC Global Facility Borrower II LLC                                     | 115.0 |  | (94.6 | ) | 20.4 |  | — |  | — |  | 20.4 |  |
| DGH Borrower LLC                                                        | 22.5 |  | — |  | 22.5 |  | — |  | — |  | 22.5 |  |
| Dorner Holding Corp.                                                    | 3.3 |  | (0.2 | ) | 3.1 |  | — |  | — |  | 3.1 |  |
| Doxim Inc.                                                              | 2.4 |  | — |  | 2.4 |  | — |  | — |  | 2.4 |  |
| DRB Holdings, LLC                                                       | 9.9 |  | (3.3 | ) | 6.6 |  | — |  | — |  | 6.6 |  |
| DTI Holdco, Inc. and OPE DTI Holdings, Inc.                             | 8.8 |  | (2.2 | ) | 6.6 |  | — |  | — |  | 6.6 |  |
| Eckler Industries, Inc.                                                 | 2.0 |  | (1.3 | ) | 0.7 |  | (0.8 | ) | — |  | (0.1 | ) |
| Emergency Communications Network, LLC                                   | 6.5 |  | — |  | 6.5 |  | — |  | — |  | 6.5 |  |
| Emerus Holdings, Inc.                                                   | 4.5 |  | (3.0 | ) | 1.5 |  | — |  | — |  | 1.5 |  |
| EN Engineering, LLC                                                     | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| Entertainment Partners, LLC and Entertainment Partners Canada Inc.      | 28.0 |  | — |  | 28.0 |  | — |  | — |  | 28.0 |  |
| Episerver, Inc.                                                         | 10.3 |  | — |  | 10.3 |  | — |  | — |  | 10.3 |  |
| ExteNet Systems, Inc.                                                   | 2.0 |  | — |  | 2.0 |  | — |  | — |  | 2.0 |  |
| Ferraro Fine Foods Corp.                                                | 9.8 |  | (1.3 | ) | 8.5 |  | — |  | — |  | 8.5 |  |
| Flinn Scientific, Inc.                                                  | 10.0 |  | — |  | 10.0 |  | — |  | — |  | 10.0 |  |

----

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                                                  | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| Flow Control Solutions, Inc.                                                    | 14.4 |  | (0.4 | ) | 14.0 |  | — |  | — |  | 14.0 |  |
| FM:Systems Group, LLC                                                           | 1.4 |  | — |  | 1.4 |  | — |  | — |  | 1.4 |  |
| Foundation Risk Partners, Corp.                                                 | 25.0 |  | — |  | 25.0 |  | — |  | — |  | 25.0 |  |
| Frontline Technologies Group Holding LLC                                        | 8.4 |  | — |  | 8.4 |  | — |  | — |  | 8.4 |  |
| FWR Holding Corporation                                                         | 2.1 |  | (0.8 | ) | 1.3 |  | — |  | — |  | 1.3 |  |
| Garden Fresh Restaurant Corp.                                                   | 7.5 |  | (3.5 | ) | 4.0 |  | — |  | — |  | 4.0 |  |
| GB Auto Service, Inc.                                                           | 34.4 |  | — |  | 34.4 |  | — |  | — |  | 34.4 |  |
| Genesis Acquisition Co.                                                         | 9.4 |  | — |  | 9.4 |  | — |  | — |  | 9.4 |  |
| GraphPAD Software, LLC                                                          | 1.1 |  | — |  | 1.1 |  | — |  | — |  | 1.1 |  |
| GTCR-Ultra Acquisition, Inc. and GTCR-Ultra Holdings, LLC                       | 2.0 |  | — |  | 2.0 |  | — |  | — |  | 2.0 |  |
| HAI Acquisition Corporation                                                     | 19.0 |  | — |  | 19.0 |  | — |  | — |  | 19.0 |  |
| Halex Holdings, Inc.                                                            | 2.0 |  | (1.9 | ) | 0.1 |  | — |  | — |  | 0.1 |  |
| Harvey Tool Company, LLC                                                        | 38.7 |  | (0.7 | ) | 38.0 |  | — |  | — |  | 38.0 |  |
| Help/Systems Holdings, Inc.                                                     | 5.0 |  | (1.0 | ) | 4.0 |  | — |  | — |  | 4.0 |  |
| Hometown Food Company                                                           | 3.9 |  | — |  | 3.9 |  | — |  | — |  | 3.9 |  |
| Hygiena Borrower LLC                                                            | 12.4 |  | (0.2 | ) | 12.2 |  | — |  | — |  | 12.2 |  |
| IMIA Holdings, Inc.                                                             | 9.9 |  | (0.4 | ) | 9.5 |  | — |  | — |  | 9.5 |  |
| Implementation Management Assistance, LLC                                       | 16.6 |  | (5.5 | ) | 11.1 |  | — |  | — |  | 11.1 |  |
| Infilaw Holding, LLC                                                            | 6.2 |  | (6.2 | ) | — |  | — |  | — |  | — |  |
| Infinite Electronics International, Inc.                                        | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Infogix, Inc.                                                                   | 5.3 |  | — |  | 5.3 |  | — |  | — |  | 5.3 |  |
| iPipeline, Inc.                                                                 | 4.0 |  | — |  | 4.0 |  | — |  | — |  | 4.0 |  |
| JDC Healthcare Management, LLC                                                  | 9.8 |  | (0.8 | ) | 9.0 |  | — |  | — |  | 9.0 |  |
| Jim N Nicks Management, LLC                                                     | 9.7 |  | (2.8 | ) | 6.9 |  | — |  | — |  | 6.9 |  |
| Joyce Lane Capital LLC and Joyce Lane Financing SPV LLC (fka Ciena Capital LLC) | 1.3 |  | — |  | 1.3 |  | — |  | — |  | 1.3 |  |
| Kaufman, Hall & Associates, LLC                                             | 8.0 |  | — |  | 8.0 |  | — |  | — |  | 8.0 |  |
| KBHS Acquisition, LLC (d/b/a Alita Care, LLC)                                   | 5.0 |  | (4.6 | ) | 0.4 |  | — |  | — |  | 0.4 |  |
| Key Surgical LLC                                                                | 2.8 |  | — |  | 2.8 |  | — |  | — |  | 2.8 |  |
| KHC Holdings, Inc.                                                              | 6.9 |  | (0.7 | ) | 6.2 |  | — |  | — |  | 6.2 |  |
| Labstat International Inc.                                                      | 3.8 |  | — |  | 3.8 |  | — |  | — |  | 3.8 |  |
| LBP Intermediate Holdings LLC                                                   | 0.9 |  | (0.1 | ) | 0.8 |  | — |  | — |  | 0.8 |  |
| Liaison Acquisition, LLC                                                        | 3.9 |  | — |  | 3.9 |  | — |  | — |  | 3.9 |  |
| Lone Wolf Real Estate Technologies Inc.                                         | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Mac Lean-Fogg Company                                                           | 24.2 |  | — |  | 24.2 |  | — |  | — |  | 24.2 |  |
| Magento, Inc.                                                                   | 7.5 |  | (0.2 | ) | 7.3 |  | — |  | — |  | 7.3 |  |
| Masergy Holdings, Inc.                                                          | 2.5 |  | (0.2 | ) | 2.3 |  | — |  | — |  | 2.3 |  |
| Massage Envy, LLC                                                               | 11.2 |  | — |  | 11.2 |  | — |  | — |  | 11.2 |  |
| Mavis Tire Express Services Corp.                                               | 23.3 |  | — |  | 23.3 |  | — |  | — |  | 23.3 |  |
| MB2 Dental Solutions, LLC                                                       | 3.5 |  | (2.7 | ) | 0.8 |  | — |  | — |  | 0.8 |  |
| McKenzie Sports Products, LLC                                                   | 4.5 |  | (2.9 | ) | 1.6 |  | — |  | — |  | 1.6 |  |
| Ministry Brands, LLC                                                            | 28.6 |  | — |  | 28.6 |  | — |  | — |  | 28.6 |  |
| Movati Athletic (Group) Inc.                                                    | 2.3 |  | — |  | 2.3 |  | — |  | — |  | 2.3 |  |
| MSHC, Inc.                                                                      | 18.9 |  | (1.6 | ) | 17.3 |  | — |  | — |  | 17.3 |  |
| Murchison Oil and Gas, LLC                                                      | 20.0 |  | — |  | 20.0 |  | — |  | — |  | 20.0 |  |
| MW Dental Holding Corp.                                                         | 17.1 |  | (7.0 | ) | 10.1 |  | — |  | — |  | 10.1 |  |
| National Intergovernmental Purchasing Alliance Company                          | 9.0 |  | — |  | 9.0 |  | — |  | — |  | 9.0 |  |
| Navisun LLC                                                                     | 20.8 |  | — |  | 20.8 |  | — |  | — |  | 20.8 |  |
| NECCO Holdings, Inc.                                                            | 25.0 |  | (19.9 | ) | 5.1 |  | (5.1 | ) | — |  | — |  |
| NM GRC HOLDCO, LLC                                                              | 1.4 |  | — |  | 1.4 |  | — |  | — |  | 1.4 |  |
| NMC Skincare Intermediate Holdings II, LLC                                      | 17.4 |  | — |  | 17.4 |  | — |  | — |  | 17.4 |  |
| NMN Holdings III Corp                                                           | 12.5 |  | — |  | 12.5 |  | — |  | — |  | 12.5 |  |
| Nordco Inc.                                                                     | 12.5 |  | (1.3 | ) | 11.2 |  | — |  | — |  | 11.2 |  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                   | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| NSM Sub Holdings Corp.                           | 6.6 |  | — |  | 6.6 |  | — |  | — |  | 6.6 |  |
| NueHealth Performance, LLC                       | 7.0 |  | — |  | 7.0 |  | — |  | — |  | 7.0 |  |
| Osmose Utilities Services, Inc.                  | 6.0 |  | (2.5 | ) | 3.5 |  | — |  | — |  | 3.5 |  |
| OTG Management, LLC                              | 16.3 |  | (10.0 | ) | 6.3 |  | — |  | — |  | 6.3 |  |
| Paper Source, Inc.                               | 2.5 |  | (1.9 | ) | 0.6 |  | — |  | — |  | 0.6 |  |
| Park Place Technologies, LLC                     | 5.4 |  | — |  | 5.4 |  | — |  | — |  | 5.4 |  |
| Pathway Vet Alliance LLC                         | 163.8 |  | — |  | 163.8 |  | — |  | — |  | 163.8 |  |
| Payment Alliance International, Inc.             | 4.2 |  | (3.4 | ) | 0.8 |  | — |  | — |  | 0.8 |  |
| PDI TA Holdings, Inc.                            | 21.4 |  | — |  | 21.4 |  | — |  | — |  | 21.4 |  |
| Pegasus Intermediate Holdings, LLC               | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| PIH Corporation and Primrose Holding Corporation | 3.3 |  | (1.0 | ) | 2.3 |  | — |  | — |  | 2.3 |  |
| Practice Insight, LLC                            | 2.9 |  | — |  | 2.9 |  | — |  | — |  | 2.9 |  |
| Premise Health Holding Corp.                     | 40.0 |  | (6.0 | ) | 34.0 |  | — |  | — |  | 34.0 |  |
| Pyramid Management Advisors, LLC                 | 5.5 |  | (1.9 | ) | 3.6 |  | — |  | — |  | 3.6 |  |
| QC Supply, LLC                                   | 17.9 |  | (9.0 | ) | 8.9 |  | — |  | — |  | 8.9 |  |
| R1 RCM Inc.                                      | 10.0 |  | — |  | 10.0 |  | — |  | — |  | 10.0 |  |
| Raptor Technologies, LLC                         | 10.1 |  | — |  | 10.1 |  | — |  | — |  | 10.1 |  |
| RecoveryDirect Acquisition, L.L.C.               | 8.0 |  | — |  | 8.0 |  | — |  | — |  | 8.0 |  |
| Retriever Medical/Dental Payments LLC            | 3.5 |  | — |  | 3.5 |  | — |  | — |  | 3.5 |  |
| Rialto Management Group, LLC                     | 1.0 |  | — |  | 1.0 |  | — |  | — |  | 1.0 |  |
| RMP Group, Inc.                                  | 1.8 |  | — |  | 1.8 |  | — |  | — |  | 1.8 |  |
| RuffaloCODY, LLC                                 | 7.7 |  | (0.2 | ) | 7.5 |  | — |  | — |  | 7.5 |  |
| Salter Labs                                      | 1.7 |  | (1.0 | ) | 0.7 |  | — |  | — |  | 0.7 |  |
| Sanders Industries Holdings, Inc.                | 10.0 |  | — |  | 10.0 |  | — |  | — |  | 10.0 |  |
| SCM Insurance Services Inc.                      | 4.0 |  | (2.4 | ) | 1.6 |  | — |  | — |  | 1.6 |  |
| SCSG EA Acquisition Company, Inc.                | 4.0 |  | (0.2 | ) | 3.8 |  | — |  | — |  | 3.8 |  |
| SecurAmerica, LLC                                | 20.8 |  | — |  | 20.8 |  | — |  | — |  | 20.8 |  |
| Securelink, Inc                                  | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Severin Acquisition, LLC                         | 9.0 |  | — |  | 9.0 |  | — |  | — |  | 9.0 |  |
| SFE Intermediate Holdco LLC                      | 10.2 |  | — |  | 10.2 |  | — |  | — |  | 10.2 |  |
| Shift PPC LLC                                    | 4.4 |  | — |  | 4.4 |  | — |  | — |  | 4.4 |  |
| Singer Sewing Company                            | 90.0 |  | (77.9 | ) | 12.1 |  | — |  | — |  | 12.1 |  |
| SiroMed Physician Services, Inc.                 | 7.1 |  | — |  | 7.1 |  | — |  | — |  | 7.1 |  |
| Siteworx Holdings, LLC                           | 1.5 |  | (1.5 | ) | — |  | — |  | — |  | — |  |
| SM Wellness Holdings, Inc.                       | 10.5 |  | — |  | 10.5 |  | — |  | — |  | 10.5 |  |
| Soil Safe, Inc. and Soil Safe Acquisition Corp.  | 10.5 |  | (3.6 | ) | 6.9 |  | — |  | — |  | 6.9 |  |
| Sonny's Enterprises, LLC                         | 3.6 |  | (0.2 | ) | 3.4 |  | — |  | — |  | 3.4 |  |
| Sovos Brands Intermediate, Inc.                  | 4.3 |  | — |  | 4.3 |  | — |  | — |  | 4.3 |  |
| SpareFoot, LLC                                   | 1.4 |  | (0.3 | ) | 1.1 |  | — |  | — |  | 1.1 |  |
| Sparta Systems, Inc.                             | 6.5 |  | — |  | 6.5 |  | — |  | — |  | 6.5 |  |
| Spectra Finance, LLC                             | 24.1 |  | (5.5 | ) | 18.6 |  | — |  | — |  | 18.6 |  |
| St. Croix Acquisition Corp.                      | 2.0 |  | — |  | 2.0 |  | — |  | — |  | 2.0 |  |
| Storm UK Holdco Limited and Storm US Holdco Inc. | 1.1 |  | — |  | 1.1 |  | — |  | — |  | 1.1 |  |
| Sunk Rock Foundry Partners LP                    | 10.0 |  | (2.6 | ) | 7.4 |  | — |  | — |  | 7.4 |  |
| Sunshine Sub, LLC                                | 7.7 |  | — |  | 7.7 |  | — |  | — |  | 7.7 |  |
| Symmetry Surgical Inc.                           | 3.1 |  | — |  | 3.1 |  | — |  | — |  | 3.1 |  |
| Synergy HomeCare Franchising, LLC                | 4.2 |  | — |  | 4.2 |  | — |  | — |  | 4.2 |  |
| Syntax USA Acquisition Corporation               | 3.3 |  | (1.8 | ) | 1.5 |  | — |  | — |  | 1.5 |  |
| Taymax Group Holdings, LLC                       | 3.2 |  | (0.2 | ) | 3.0 |  | — |  | — |  | 3.0 |  |
| TDG Group Holding Company                        | 20.7 |  | (0.1 | ) | 20.6 |  | — |  | — |  | 20.6 |  |
| Teasdale Foods, Inc.                             | 0.8 |  | (0.7 | ) | 0.1 |  | — |  | — |  | 0.1 |  |
| Telestream Holdings Corporation                  | 2.3 |  | (0.6 | ) | 1.7 |  | — |  | — |  | 1.7 |  |
| Teligent, Inc.                                   | 22.8 |  | — |  | 22.8 |  | — |  | — |  | 22.8 |  |
| Tidi Products, LLC                               | 2.3 |  | — |  | 2.3 |  | — |  | — |  | 2.3 |  |

----

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                    | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| Total Community Options, Inc.                     | 4.2 |  | — |  | 4.2 |  | — |  | — |  | 4.2 |  |
| Touchstone Acquisition, Inc.                      | 11.2 |  | — |  | 11.2 |  | — |  | — |  | 11.2 |  |
| Towerco IV Finance, LLC                           | 17.0 |  | (8.4 | ) | 8.6 |  | — |  | — |  | 8.6 |  |
| TPTM Merger Corp.                                 | 4.3 |  | — |  | 4.3 |  | — |  | — |  | 4.3 |  |
| TU BidCo, Inc.                                    | 18.5 |  | — |  | 18.5 |  | — |  | — |  | 18.5 |  |
| U.S. Acute Care Solutions, LLC                    | 1.7 |  | — |  | 1.7 |  | — |  | — |  | 1.7 |  |
| United Digestive MSO Parent, LLC                  | 17.2 |  | — |  | 17.2 |  | — |  | — |  | 17.2 |  |
| Urgent Cares of America Holdings I, LLC           | 10.0 |  | — |  | 10.0 |  | — |  | — |  | 10.0 |  |
| Utility Pipeline, LTD.                            | 3.0 |  | (0.1 | ) | 2.9 |  | — |  | — |  | 2.9 |  |
| Vela Trading Technologies, LLC                    | 3.5 |  | (0.5 | ) | 3.0 |  | — |  | — |  | 3.0 |  |
| Verscend Holding Corp.                            | 22.5 |  | — |  | 22.5 |  | — |  | — |  | 22.5 |  |
| Veson Nautical LLC                                | 2.5 |  | — |  | 2.5 |  | — |  | — |  | 2.5 |  |
| Visual Edge Technology, Inc.                      | 0.8 |  | — |  | 0.8 |  | — |  | — |  | 0.8 |  |
| VLS Recovery Services, LLC                        | 20.6 |  | (3.5 | ) | 17.1 |  | — |  | — |  | 17.1 |  |
| VRC Companies, LLC                                | 3.1 |  | (0.8 | ) | 2.3 |  | — |  | — |  | 2.3 |  |
| WatchFire Enterprises, Inc.                       | 2.0 |  | — |  | 2.0 |  | — |  | — |  | 2.0 |  |
| West Dermatology, LLC                             | 18.3 |  | (5.0 | ) | 13.3 |  | — |  | — |  | 13.3 |  |
| WIRB - Copernicus Group, Inc                      | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Woodstream Group, Inc. and Woodstream Corporation | 4.7 |  | — |  | 4.7 |  | — |  | — |  | 4.7 |  |
| Worldwide Facilities LLC                          | 2.3 |  | (0.4 | ) | 1.9 |  | — |  | — |  | 1.9 |  |
| Wrench Group LLC                                  | 2.8 |  | — |  | 2.8 |  | — |  | — |  | 2.8 |  |
| WSHP FC Acquisition LLC                           | 5.8 |  | (3.3 | ) | 2.5 |  | — |  | — |  | 2.5 |  |
| XIFIN, Inc.                                       | 4.6 |  | — |  | 4.6 |  | — |  | — |  | 4.6 |  |
| Zemax Software Holdings, LLC                      | 4.1 |  | — |  | 4.1 |  | — |  | — |  | 4.1 |  |
| Zywave, Inc.                                      | 11.5 |  | (6.3 | ) | 5.2 |  | — |  | — |  | 5.2 |  |
|                                              | $ | 1,915.3 |  | $ | (376.9 | ) | $ | 1,538.4 |  | $ | (5.9 | ) | $ | — |  | $ | 1,532.5 |  |

|      |                                                                                                                                                                 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (20) | As of December 31, 2018, the Company was party to subscription agreements to fund equity investments in private equity investment partnerships as follows: |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Company                                                       | Total private equity commitments | Less: funded private equity commitments | Total unfunded private equity commitments | Less: private equity commitments substantially at the discretion of the Company | Total net adjusted unfunded private equity commitments |
| Partnership Capital Growth Investors III, L.P.                             | $ | 5.0 |  | $ | (4.9 | ) | $ | 0.1 |  | $ | — |  | $ | 0.1 |  |
| PCG-Ares Sidecar Investment, L.P. and PCG-Ares Sidecar Investment II, L.P. | 50.0 |  | (12.4 | ) | 37.6 |  | (37.6 | ) | — |  |
| Piper Jaffray Merchant Banking Fund I, L.P.                                | 2.0 |  | (2.0 | ) | — |  | — |  | — |  |
| European Capital UK SME Debt LP                                            | 57.4 |  | (53.9 | ) | 3.5 |  | (3.5 | ) | — |  |
|                                                                       | $ | 114.4 |  | $ | (73.2 | ) | $ | 41.2 |  | $ | (41.1 | ) | $ | 0.1 |  |

|      |                                                                                                                                                                                                                                                                      |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (21) | As of December 31, 2018, the Company had commitments to co-invest in the SDLP for its portion of the SDLP’s commitment to fund delayed draw loans of up to $39. See Note 4 to the consolidated financial statements for more information on the SDLP. |

|      |                                                                                                                                                                                                                                                                                                                                                    |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (22) | Other than the investments noted by this footnote, the fair value of the Company’s investments is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 8 to the consolidated financial statements for more information regarding the fair value of the Company’s investments. |

|      |                                                                                                                                                                                                                                                                                                                                                                                        |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (23) | As of December 31, 2018, the net estimated unrealized loss for federal tax purposes was $0.6 billion based on a tax cost basis of $13.0 billion. As of December 31, 2018, the estimated aggregate gross unrealized loss for federal income tax purposes was $0.9 billion and the estimated aggregate gross unrealized gain for federal income tax purposes was $0.3 billion. |

----

|                                                    |
|----------------------------------------------------|
|                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                         |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Healthcare Services                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Absolute Dental Management LLC and ADM Equity, LLC |   | Dental services provider |   | First lien senior secured loan ($18.8 par due 1/2022) |   | 11.08% (Libor + 9.39%/Q) |   | 1/5/2016 |   | $ | 18.8 |  |   | $ | 17.6 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured loan ($5.0 par due 1/2022) |   | 11.08% (Libor + 9.39%/Q) |   | 1/5/2016 |   | 5.0 |  |   | 4.7 |  | (4)(17) |   |
|                                               |   |   |   | Class A preferred units (4,000,000 units) |   |   |   | 1/5/2016 |   | 4.0 |  |   | 0.9 |  | (2) |   |
|                                               |   |   |   | Class A common units (4,000,000 units) |   |   |   | 1/5/2016 |   | — |  |   | — |  | (2) |   |
|                                               |   |   |   |   |   |   |   |   |   | 27.8 |  |   | 23.2 |  |   |   |
| Acessa Health Inc. (fka HALT Medical, Inc.)        |   | Medical supply provider |   | Common stock (569,823 shares) |   |   |   | 6/22/2017 |   | 0.1 |  |   | — |  |   |   |
| ADCS Billings Intermediate Holdings, LLC (21)      |   | Dermatology practice |   | First lien senior secured revolving loan |   | — |   | 5/18/2016 |   | — |  |   | — |  | (19) |   |
| ADG, LLC and RC IV GEDC Investor LLC (21)          |   | Dental services provider |   | First lien senior secured revolving loan ($1.0 par due 9/2022) |   | 6.14% (Libor + 4.75%/Q) |   | 9/28/2016 |   | 1.0 |  |   | 1.0 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured revolving loan ($1.4 par due 9/2022) |   | 6.24% (Libor + 4.75%/Q) |   | 9/28/2016 |   | 1.4 |  |   | 1.3 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured revolving loan ($8.5 par due 9/2022) |   | 6.32% (Libor + 4.75%/Q) |   | 9/28/2016 |   | 8.5 |  |   | 8.3 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured revolving loan ($0.6 par due 9/2022) |   | 8.25% (Base Rate + 3.75%/Q) |   | 9/28/2016 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                               |   |   |   | Second lien senior secured loan ($87.5 par due 3/2024) |   | 10.57% (Libor + 9.00%/Q) |   | 9/28/2016 |   | 87.5 |  |   | 81.4 |  | (2)(17) |   |
|                                               |   |   |   | Membership units (3,000,000 units) |   |   |   | 9/28/2016 |   | 3.0 |  |   | 1.9 |  | (2) |   |
|                                               |   |   |   |   |   |   |   |   |   | 102.0 |  |   | 94.5 |  |   |   |
| Alcami Holdings, LLC (8)(21)                       |   | Outsourced drug development services provider |   | First lien senior secured revolving loan ($2.0 par due 10/2019) |   | 6.89% (Libor + 5.50%/Q) |   | 1/3/2017 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured revolving loan ($15.9 par due 10/2019) |   | 6.96% (Libor + 5.50%/Q) |   | 1/3/2017 |   | 15.9 |  |   | 15.9 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured revolving loan ($7.7 par due 10/2019) |   | 7.06% (Libor + 5.50%/Q) |   | 1/3/2017 |   | 7.7 |  |   | 7.7 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured loan ($10.0 par due 10/2020) |   | 7.07% (Libor + 5.50%/Q) |   | 1/3/2017 |   | 10.0 |  |   | 10.0 |  | (2)(17) |   |
|                                               |   |   |   | First lien senior secured loan ($95.7 par due 10/2020) |   | 7.07% (Libor + 5.50%/Q) |   | 1/3/2017 |   | 95.7 |  |   | 95.7 |  | (3)(17) |   |
|                                               |   |   |   | First lien senior secured loan ($0.2 par due 10/2020) |   | 11.00% (Base Rate + 6.50%/Q) |   | 1/3/2017 |   | 0.2 |  |   | 0.2 |  | (3)(17) |   |
|                                               |   |   |   | Senior subordinated loan ($30.0 par due 10/2020) |   | 11.75% |   | 1/3/2017 |   | 30.0 |  |   | 30.0 |  | (2) |   |
|                                               |   |   |   | Senior subordinated loan ($30.0 par due 10/2020) |   | 12.00% |   | 1/3/2017 |   | 30.0 |  |   | 30.0 |  | (2) |   |
|                                               |   |   |   | Senior subordinated loan ($25.0 par due 10/2020) |   | 12.25% |   | 1/3/2017 |   | 25.0 |  |   | 25.0 |  | (2) |   |
|                                               |   |   |   | Senior subordinated loan ($36.1 par due 10/2020) |   | 14.75% PIK |   | 1/3/2017 |   | 36.1 |  |   | 36.1 |  | (2) |   |
|                                               |   |   |   | Senior subordinated loan ($36.6 par due 10/2020) |   | 15.25% PIK |   | 1/3/2017 |   | 22.8 |  |   | 36.6 |  | (2) |   |
|                                               |   |   |   | Series R preferred membership units (30,000 units) |   |   |   | 1/3/2017 |   | — |  |   | 54.1 |  |   |   |
|                                               |   |   |   | Series R-2 preferred membership units (54,936 units) |   |   |   | 1/3/2017 |   | — |  |   | 99.0 |  |   |   |
|                                               |   |   |   |   |   |   |   |   |   | 275.4 |  |   | 442.3 |  |   |   |
| Alegeus Technologies Holdings Corp.                |   | Benefits administration and transaction processing provider |   | Preferred stock (2,997 shares) |   |   |   | 12/13/2013 |   | 3.1 |  |   | 2.8 |  |   |   |
|                                               |   |   |   | Common stock (3 shares) |   |   |   | 12/13/2013 |   | — |  |   | — |  |   |   |
|                                               |   |   |   |   |   |   |   |   |   | 3.1 |  |   | 2.8 |  |   |   |

----

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                          |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Alteon Health, LLC                                                  |   | Provider of physician management services |   | First lien senior secured loan ($3.5 par due 9/2022) |   | 7.00% (Libor + 5.50%/Q) |   | 5/15/2017 |   | 3.5 |  |   | 3.3 |  | (2)(17) |   |
| American Academy Holdings, LLC (21)                                 |   | Provider of education, training, certification, networking, and consulting services to medical coders and other healthcare professionals |   | First lien senior secured revolving loan ($0.9 par due 12/2022) |   | 9.75% (Base Rate + 5.25%/Q) |   | 12/15/2017 |   | 0.9 |  |   | 0.9 |  | (2)(17) |   |
|                                                                |   |   |   | First lien senior secured loan ($0.5 par due 12/2022) |   | 7.84% (Libor + 6.25%/Q) |   | 12/15/2017 |   | 0.5 |  |   | 0.5 |  | (2)(17) |   |
|                                                                |   |   |   | First lien senior secured loan ($199.8 par due 12/2022) |   | 8.01% (Libor + 6.25%/Q) |   | 12/15/2017 |   | 199.8 |  |   | 197.8 |  | (2)(17) |   |
|                                                                |   |   |   | Senior subordinated loan ($75.0 par due 6/2023) |   | 15.76% (Libor + 14.00%/Q) |   | 12/15/2017 |   | 75.0 |  |   | 73.5 |  | (2)(17) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 276.2 |  |   | 272.7 |  |   |   |
| Argon Medical Devices, Inc.                                         |   | Manufacturer and marketer of single-use specialty medical devices |   | Second lien senior secured loan ($9.0 par due 6/2022) |   | 11.07% (Libor + 9.50%/Q) |   | 12/23/2015 |   | 8.8 |  |   | 9.0 |  | (2)(17) |   |
| AwarePoint Corporation                                              |   | Healthcare technology platform developer |   | First lien senior secured loan ($8.1 par due 12/2019) |   | 13.98% (Libor + 12.50%/M) |   | 9/5/2014 |   | 8.0 |  |   | 6.5 |  | (2)(15)(17) |   |
|                                                                |   |   |   | Warrant to purchase up to 3,213,367 shares of Series 1 preferred stock (expires 9/2024) |   |   |   | 11/14/2014 |   | — |  |   | 0.4 |  | (2) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 8.0 |  |   | 6.9 |  |   |   |
| Bambino CI Inc. (21)                                                |   | Manufacturer and provider of single-use obstetrics products |   | First lien senior secured revolving loan ($1.1 par due 10/2022) |   | 7.49% (Libor + 6.00%/Q) |   | 10/17/2017 |   | 1.1 |  |   | 1.1 |  | (2)(17) |   |
|                                                                |   |   |   | First lien senior secured loan ($43.7 par due 10/2023) |   | 7.49% (Libor + 6.00%/Q) |   | 10/17/2017 |   | 43.7 |  |   | 43.3 |  | (2)(17) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 44.8 |  |   | 44.4 |  |   |   |
| CCS Intermediate Holdings, LLC and CCS Group Holdings, LLC (21)     |   | Correctional facility healthcare operator |   | First lien senior secured revolving loan ($4.5 par due 7/2019) |   | 5.69% (Libor + 4.00%/Q) |   | 7/23/2014 |   | 4.5 |  |   | 4.1 |  | (2)(17)(20) |   |
|                                                                |   |   |   | First lien senior secured loan ($6.5 par due 7/2021) |   | 5.69% (Libor + 4.00%/Q) |   | 7/23/2014 |   | 6.5 |  |   | 5.9 |  | (2)(17) |   |
|                                                                |   |   |   | Second lien senior secured loan ($135.0 par due 7/2022) |   | 9.86% (Libor + 8.38%/Q) |   | 7/23/2014 |   | 134.2 |  |   | 112.0 |  | (2)(17) |   |
|                                                                |   |   |   | Class A units (1,000,000 units) |   |   |   | 8/19/2010 |   | — |  |   | 0.9 |  | (2) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 145.2 |  |   | 122.9 |  |   |   |
| Correctional Medical Group Companies, Inc.                          |   | Correctional facility healthcare operator |   | First lien senior secured loan ($48.8 par due 9/2021) |   | 9.62% (Libor + 8.62%/Q) |   | 9/29/2015 |   | 48.8 |  |   | 48.8 |  | (3)(17) |   |
|                                                                |   |   |   | First lien senior secured loan ($3.1 par due 9/2021) |   | 9.62% (Libor + 8.62%/Q) |   | 9/29/2015 |   | 3.1 |  |   | 3.1 |  | (2)(17) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 51.9 |  |   | 51.9 |  |   |   |
| CSHM LLC (8)                                                        |   | Dental services provider |   | Class A membership units (1,979 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| D4C Dental Brands HoldCo, Inc. and Bambino Group Holdings, LLC (21) |   | Dental services provider |   | Class A preferred units (1,000,000 units) |   |   |   | 12/21/2016 |   | 1.0 |  |   | 1.1 |  | (2) |   |
| DCA Investment Holding, LLC (21)                                    |   | Multi-branded dental practice management |   | First lien senior secured revolving loan |   | — |   | 7/2/2015 |   | — |  |   | — |  | (19) |   |
|                                                                |   |   |   | First lien senior secured loan ($18.7 par due 7/2021) |   | 6.94% (Libor + 5.25%/Q) |   | 7/2/2015 |   | 18.6 |  |   | 18.4 |  | (4)(17) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 18.6 |  |   | 18.4 |  |   |   |
| Drayer Physical Therapy Institute LLC                               |   | Outpatient physical therapy provider |   | First lien senior secured loan ($12.3 par due 7/2018) |   | 10.50% (Base Rate + 6.00%/Q) |   | 7/26/2017 |   | 12.3 |  |   | 12.3 |  | (2)(17) |   |
|                                                                |   |   |   | First lien senior secured loan ($114.6 par due 7/2018) |   | 10.50% (Base Rate + 6.00%/Q) |   | 7/26/2017 |   | 114.6 |  |   | 114.6 |  | (2)(17) |   |
|                                                                |   |   |   |   |   |   |   |   |   | 126.9 |  |   | 126.9 |  |   |   |
| Emerus Holdings, Inc. (21)                                          |   | Freestanding 24-hour emergency care micro-hospitals operator |   | First lien senior secured revolving loan ($0.3 par due 9/2020) |   | 8.00% (Base Rate + 3.50%/Q) |   | 3/14/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                     |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                           |   |   |   | First lien senior secured loan ($2.3 par due 9/2021) |   | 6.07% (Libor + 4.50%/Q) |   | 3/14/2017 |   | 2.0 |  |   | 2.1 |  | (2)(17) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 2.3 |  |   | 2.4 |  |   |   |
| GHX Ultimate Parent Corporation, Commerce Parent, Inc. and Commerce Topco, LLC |   | On-demand supply chain automation solutions provider to the healthcare industry |   | Second lien senior secured loan ($103.7 par due 6/2025) |   | 9.69% (Libor + 8.00%/Q) |   | 6/30/2017 |   | 102.8 |  |   | 103.7 |  | (2)(17) |   |
|                                                                           |   |   |   | Series A perpetual preferred stock (110,425 shares) |   | 12.44% PIK (Libor + 10.75%/Q) |   | 6/30/2017 |   | 117.4 |  |   | 117.4 |  | (2)(17) |   |
|                                                                           |   |   |   | Class A units (14,013,303 units) |   |   |   | 6/30/2017 |   | 14.0 |  |   | 16.9 |  | (2) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 234.2 |  |   | 238.0 |  |   |   |
| Greenphire, Inc. and RMCF III CIV XXIX, L.P                                    |   | Software provider for clinical trial management |   | Limited partnership interest (99.90% interest) |   |   |   | 12/19/2014 |   | 1.0 |  |   | 2.4 |  | (2) |   |
| Heartland Dental, LLC                                                          |   | Detanl services provider |   | Second lien senior secured loan ($27.8 par due 7/2024) |   | 9.75% (Libor + 8.50%/Q) |   | 7/31/2017 |   | 27.4 |  |   | 27.8 |  | (2)(17) |   |
| Hygiena Borrower LLC (21)                                                      |   | Adenosine triphosphate testing technology provider |   | Second lien senior secured loan ($10.0 par due 8/2023) |   | 10.69% (Libor + 9.00%/Q) |   | 8/26/2016 |   | 10.0 |  |   | 10.0 |  | (2)(17) |   |
|                                                                           |   |   |   | Second lien senior secured loan ($10.7 par due 8/2023) |   | 10.69% (Libor + 9.00%/Q) |   | 2/27/2017 |   | 10.7 |  |   | 10.7 |  | (2)(17) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 20.7 |  |   | 20.7 |  |   |   |
| Intermedix Corporation                                                         |   | Revenue cycle management provider to the emergency healthcare industry |   | First lien senior secured loan ($72.3 par due 12/2019) |   | 6.16% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 72.3 |  |   | 70.8 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($35.2 par due 12/2019) |   | 6.16% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 35.2 |  |   | 34.5 |  | (3)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($9.3 par due 12/2019) |   | 6.16% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 9.3 |  |   | 9.1 |  | (4)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($80.8 par due 12/2019) |   | 6.35% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 80.8 |  |   | 79.2 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($39.3 par due 12/2019) |   | 6.35% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 39.3 |  |   | 38.5 |  | (3)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($10.4 par due 12/2019) |   | 6.35% (Libor + 4.75%/Q) |   | 7/26/2017 |   | 10.4 |  |   | 10.2 |  | (4)(17) |   |
|                                                                           |   |   |   | Second lien senior secured loan ($112.0 par due 6/2020) |   | 9.94% (Libor + 8.25%/Q) |   | 12/27/2012 |   | 112.0 |  |   | 107.5 |  | (2)(17) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 359.3 |  |   | 349.8 |  |   |   |
| JDC Healthcare Management, LLC (21)                                            |   | Dental services provider |   | First lien senior secured revolving loan ($1.5 par due 4/2022) |   | 7.82% (Libor + 6.25%/Q) |   | 4/10/2017 |   | 1.5 |  |   | 1.5 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($9.9 par due 4/2023) |   | 7.82% (Libor + 6.25%/Q) |   | 4/10/2017 |   | 9.9 |  |   | 9.7 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured loan ($19.9 par due 4/2023) |   | 7.82% (Libor + 6.25%/Q) |   | 4/10/2017 |   | 19.9 |  |   | 19.5 |  | (4)(17) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 31.3 |  |   | 30.7 |  |   |   |
| KBHS Acquisition, LLC (d/b/a Alita Care, LLC) (21)                             |   | Provider of behavioral health services |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 6.43% (Libor + 5.00%/Q) |   | 3/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured revolving loan ($0.1 par due 3/2022) |   | 6.46% (Libor + 5.00%/Q) |   | 3/17/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 6.50% (Libor + 5.00%/Q) |   | 3/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured revolving loan ($0.2 par due 3/2022) |   | 6.56% (Libor + 5.00%/Q) |   | 3/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured revolving loan ($0.8 par due 3/2022) |   | 6.57% (Libor + 5.00%/Q) |   | 3/17/2017 |   | 0.8 |  |   | 0.8 |  | (2)(17) |   |
|                                                                           |   |   |   | First lien senior secured revolving loan ($0.3 par due 3/2022) |   | 8.50% (Base Rate + 4.00%/Q) |   | 3/17/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                                           |   |   |   |   |   |   |   |   |   | 1.8 |  |   | 1.8 |  |   |   |

----

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                  |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Key Surgical LLC (21)                                       |   | Provider of sterile processing, operating room and instrument care supplies for hospitals |   | First lien senior secured revolving loan ($0.9 par due 6/2022) |   | 6.35% (Libor + 4.75%/Q) |   | 6/1/2017 |   | 0.9 |  |   | 0.9 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($18.0 par due 6/2023) |   | 5.75% (EURIBOR + 4.75%/Q) |   | 6/1/2017 |   | 16.9 |  |   | 18.0 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.4 par due 6/2023) |   | 6.23% (Libor + 4.75%/Q) |   | 6/1/2017 |   | 4.3 |  |   | 4.4 |  | (4)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 22.1 |  |   | 23.3 |  |   |   |
| MB2 Dental Solutions, LLC (21)                              |   | Dental services provider |   | First lien senior secured revolving loan ($1.3 par due 9/2023) |   | 8.25% (Base Rate + 3.75%/Q) |   | 9/29/2017 |   | 1.3 |  |   | 1.3 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.7 par due 9/2023) |   | 6.44% (Libor + 4.75%/Q) |   | 9/29/2017 |   | 4.7 |  |   | 4.7 |  | (2)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 6.0 |  |   | 6.0 |  |   |   |
| MCH Holdings, Inc. and MC Acquisition Holdings I, LLC       |   | Healthcare professional provider |   | First lien senior secured loan ($65.3 par due 1/2020) |   | 6.96% (Libor + 5.50%/Q) |   | 7/26/2017 |   | 65.3 |  |   | 64.6 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($79.0 par due 1/2020) |   | 7.07% (Libor + 5.50%/Q) |   | 7/26/2017 |   | 79.0 |  |   | 78.3 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($9.0 par due 1/2020) |   | 6.96% (Libor + 5.50%/Q) |   | 7/26/2017 |   | 9.0 |  |   | 9.0 |  | (4)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($11.0 par due 1/2020) |   | 7.07% (Libor + 5.50%/Q) |   | 7/26/2017 |   | 11.0 |  |   | 10.8 |  | (4)(17) |   |
|                                                        |   |   |   | Class A units (1,438,643 shares) |   |   |   | 1/17/2014 |   | 1.5 |  |   | 1.0 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 165.8 |  |   | 163.7 |  |   |   |
| MW Dental Holding Corp. (21)                                |   | Dental services provider |   | First lien senior secured revolving loan ($9.7 par due 4/2018) |   | 9.19% (Libor + 7.50%/Q) |   | 4/12/2011 |   | 9.7 |  |   | 9.7 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($44.4 par due 4/2018) |   | 9.19% (Libor + 7.50%/Q) |   | 4/12/2011 |   | 44.4 |  |   | 44.4 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($46.8 par due 4/2018) |   | 9.19% (Libor + 7.50%/Q) |   | 4/12/2011 |   | 46.8 |  |   | 46.8 |  | (3)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($19.3 par due 4/2018) |   | 9.19% (Libor + 7.50%/Q) |   | 4/12/2011 |   | 19.3 |  |   | 19.3 |  | (4)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 120.2 |  |   | 120.2 |  |   |   |
| My Health Direct, Inc.                                      |   | Healthcare scheduling exchange software solution provider |   | Warrant to purchase up to 4,548 shares of Series D preferred stock (expires 9/2024) |   |   |   | 9/18/2014 |   | — |  |   | — |  | (2) |   |
| New Trident Holdcorp, Inc. and Trident Holding Company, LLC |   | Outsourced mobile diagnostic healthcare service provider |   | First lien senior secured loan ($19.9 par due 7/2019) |   | 7.44% (Libor + 5.75%/Q) |   | 8/1/2013 |   | 15.9 |  |   | 16.0 |  | (2)(17) |   |
|                                                        |   |   |   | Second lien senior secured loan ($80.0 par due 7/2020) |   | — |   | 8/1/2013 |   | 79.3 |  |   | 44.2 |  | (2)(14)(16) |   |
|                                                        |   |   |   | Senior subordinated loan ($8.9 par due 7/2020) |   | — |   | 11/29/2017 |   | 8.8 |  |   | — |  | (2)(16) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 104.0 |  |   | 60.2 |  |   |   |
| NMSC Holdings, Inc. and ASP NAPA Holdings, LLC              |   | Anesthesia management services provider |   | Second lien senior secured loan ($72.8 par due 10/2023) |   | 11.69% (Libor + 10.00%/Q) |   | 4/19/2016 |   | 72.8 |  |   | 67.0 |  | (2)(17) |   |
|                                                        |   |   |   | Class A units (25,277 units) |   |   |   | 4/19/2016 |   | 2.5 |  |   | 1.3 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 75.3 |  |   | 68.3 |  |   |   |
| Nodality, Inc.                                              |   | Biotechnology company |   | First lien senior secured loan ($2.3 par due 8/2016) |   | — |   | 11/12/2015 |   | 2.1 |  |   | — |  | (2)(16) |   |
|                                                        |   |   |   | First lien senior secured loan ($10.9 par due 8/2016) |   | — |   | 4/25/2014 |   | 9.7 |  |   | — |  | (2)(16) |   |
|                                                        |   |   |   | Warrant to purchase up to 3,736,255 shares of common stock (expires 3/2026) |   |   |   | 5/1/2016 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 11.8 |  |   | — |  |   |   |
| nThrive, Inc. (fka Precyse Acquisition Corp.)               |   | Provider of healthcare information management technology and services |   | Second lien senior secured loan ($10.0 par due 4/2023) |   | 11.32% (Libor + 9.75%/Q) |   | 4/20/2016 |   | 9.7 |  |   | 10.0 |  | (2)(17) |   |

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|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                 |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| OmniSYS Acquisition Corporation, OmniSYS, LLC, and OSYS Holdings, LLC (21) |   | Provider of technology-enabled solutions to pharmacies |   | First lien senior secured loan ($5.9 par due 11/2018) |   | 9.19% (Libor + 7.50%/Q) |   | 11/21/2013 |   | 5.9 |  |   | 5.9 |  | (4)(17) |   |
|                                                                       |   |   |   | Limited liability company membership interest (1.57%) |   |   |   | 11/21/2013 |   | 1.0 |  |   | 0.8 |  | (2) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 6.9 |  |   | 6.7 |  |   |   |
| Pathway Partners Vet Management Company LLC (21)                           |   | Owner and operator of veterinary hospitals |   | First lien senior secured loan ($0.3 par due 10/2024) |   | 6.07% (Libor + 4.50%/Q) |   | 10/4/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                                       |   |   |   | First lien senior secured loan ($6.0 par due 10/2024) |   | 6.07% (Libor + 4.50%/Q) |   | 10/4/2017 |   | 6.0 |  |   | 6.0 |  | (2)(17) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 6.3 |  |   | 6.3 |  |   |   |
| Patterson Medical Supply, Inc.                                             |   | Distributor of rehabilitation supplies and equipment |   | Second lien senior secured loan ($78.0 par due 8/2023) |   | 9.98% (Libor + 8.50%/Q) |   | 9/2/2015 |   | 76.4 |  |   | 72.5 |  | (2)(17) |   |
| PhyMED Management LLC                                                      |   | Provider of anesthesia services |   | Second lien senior secured loan ($47.2 par due 5/2021) |   | 10.21% (Libor + 8.75%/Q) |   | 12/18/2015 |   | 46.8 |  |   | 45.3 |  | (2)(17) |   |
| Practice Insight, LLC (21)                                                 |   | Revenue cycle management provider to the emergency healthcare industry |   | First lien senior secured revolving loan ($0.6 par due 8/2022) |   | 8.50% (Base Rate + 4.00%/Q) |   | 8/23/2017 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                                       |   |   |   | First lien senior secured loan ($12.7 par due 8/2022) |   | 6.48% (Libor + 5.00%/Q) |   | 8/23/2017 |   | 12.7 |  |   | 12.7 |  | (2)(17) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 13.3 |  |   | 13.3 |  |   |   |
| Respicardia, Inc.                                                          |   | Developer of implantable therapies to improve cardiovascular health |   | Warrant to purchase up to 99,094 shares of Series C preferred stock (expires 6/2022) |   |   |   | 6/28/2012 |   | — |  |   | — |  | (2) |   |
| Sarnova HC, LLC, Tri-Anim Health Services, Inc., and BEMS Holdings, LLC    |   | Distributor of emergency medical service and respiratory products |   | Second lien senior secured loan ($54.0 par due 7/2022) |   | 11.07% (Libor + 9.50%/Q) |   | 1/29/2016 |   | 54.0 |  |   | 54.0 |  | (2)(17) |   |
| TerSera Therapeutics LLC                                                   |   | Acquirer and developer of specialty therapeutic pharmaceutical products |   | First lien senior secured loan ($5.3 par due 3/2023) |   | 6.94% (Libor + 5.25%/Q) |   | 5/3/2017 |   | 5.2 |  |   | 5.3 |  | (4)(17) |   |
| Transaction Data Systems, Inc.                                             |   | Pharmacy management software provider |   | Second lien senior secured loan ($35.3 par due 6/2022) |   | 10.35% (Libor + 9.00%/Q) |   | 6/15/2015 |   | 35.3 |  |   | 35.3 |  | (2)(17) |   |
|                                                                       |   |   |   | Second lien senior secured loan ($3.8 par due 6/2022) |   | 10.35% (Libor + 9.00%/Q) |   | 12/19/2017 |   | 3.8 |  |   | 3.8 |  | (2)(17) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 39.1 |  |   | 39.1 |  |   |   |
| U.S. Anesthesia Partners, Inc.                                             |   | Anesthesiology service provider |   | Second lien senior secured loan ($71.8 par due 6/2025) |   | 8.82% (Libor + 7.25%/Q) |   | 6/16/2017 |   | 70.8 |  |   | 71.8 |  | (2)(17) |   |
| Urgent Cares of America Holdings I, LLC and FastMed Holdings I, LLC (21)   |   | Operator of urgent care clinics |   | Preferred units (7,696,613 units) |   |   |   | 6/11/2015 |   | 7.7 |  |   | 0.5 |  |   |   |
|                                                                       |   |   |   | Series A common units (2,000,000 units) |   |   |   | 6/11/2015 |   | 2.0 |  |   | — |  |   |   |
|                                                                       |   |   |   | Series C common units (5,288,427 units) |   |   |   | 6/11/2015 |   | — |  |   | — |  |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 9.7 |  |   | 0.5 |  |   |   |
| VistaPharm, Inc. and Vertice Pharma UK Parent Limited (21)                 |   | Manufacturer and distributor of generic pharmaceutical products |   | First lien senior secured loan ($7.8 par due 12/2021) |   | 7.86% (Libor + 6.00%/Q) |   | 11/6/2017 |   | 7.8 |  |   | 7.7 |  | (2)(17) |   |
|                                                                       |   |   |   | Preferred shares (40,662 shares) |   |   |   | 12/21/2015 |   | 0.3 |  |   | 0.5 |  | (9) |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 8.1 |  |   | 8.2 |  |   |   |
|                                                                       |   |   |   |   |   |   |   |   |   | 2,622.8 |  |   | 2,668.6 |  |   | 37.60 | % |
| Business Services                                                          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Accruent, LLC, Accruent Holding, LLC and Athena Parent, Inc. (21)          |   | Real estate and facilities management software provider |   | First lien senior secured revolving loan ($0.7 par due 7/2023) |   | 6.36% (Libor + 4.75%/Q) |   | 7/28/2017 |   | 0.7 |  |   | 0.7 |  | (2)(17) |   |
|                                                                       |   |   |   | Second lien senior secured loan ($13.2 par due 7/2024) |   | 10.13% (Libor + 8.75%/Q) |   | 7/28/2017 |   | 13.2 |  |   | 13.2 |  | (2)(17) |   |
|                                                                       |   |   |   | Second lien senior secured loan ($0.5 par due 7/2024) |   | 10.36% (Libor + 8.75%/Q) |   | 7/28/2017 |   | 0.5 |  |   | 0.5 |  | (2)(17) |   |

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|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                          |   |   |   | Second lien senior secured loan ($2.6 par due 7/2024) |   | 10.16% (Libor + 8.75%/Q) |   | 7/28/2017 |   | 2.6 |  |   | 2.6 |  | (2)(17) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($58.4 par due 7/2024) |   | 10.13% (Libor + 8.75%/Q) |   | 7/28/2017 |   | 58.4 |  |   | 58.4 |  | (2)(17) |   |
|                                                                                          |   |   |   | Senior subordinated loan ($21.2 par due 7/2025) |   | 11.50% PIK |   | 7/28/2017 |   | 21.2 |  |   | 20.4 |  | (2) |   |
|                                                                                          |   |   |   | Senior subordinated loan ($75.7 par due 7/2025) |   | 11.50% PIK |   | 7/28/2017 |   | 75.7 |  |   | 72.8 |  | (2) |   |
|                                                                                          |   |   |   | Common stock (3,464 shares) |   |   |   | 5/16/2016 |   | 3.6 |  |   | 2.7 |  | (2) |   |
|                                                                                          |   |   |   | Warrant to purchase up to 11,380 shares of common stock (expires 7/2037) |   |   |   | 7/28/2017 |   | — |  |   | 3.3 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 175.9 |  |   | 174.6 |  |   |   |
| Achilles Acquisition LLC (21)                                                                 |   | Benefits broker and outsourced workflow automation platform provider for brokers |   | First lien senior secured loan ($3.0 par due 6/2023) |   | 7.69% (Libor + 6.00%/Q) |   | 6/6/2017 |   | 3.0 |  |   | 3.0 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($10.2 par due 6/2023) |   | 7.69% (Libor + 6.00%/Q) |   | 6/6/2017 |   | 10.2 |  |   | 10.2 |  | (4)(17) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 13.2 |  |   | 13.2 |  |   |   |
| Acrisure, LLC, Acrisure Investors FO, LLC and Acrisure Investors SO, LLC                      |   | Retail insurance advisor and brokerage |   | Membership interests (10,793,504 units) |   |   |   | 11/18/2016 |   | 10.8 |  |   | 10.8 |  | (2) |   |
|                                                                                          |   |   |   | Membership interests (2,698,376 units) |   |   |   | 11/18/2016 |   | 2.7 |  |   | 2.7 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 13.5 |  |   | 13.5 |  |   |   |
| BeyondTrust Software, Inc.                                                                    |   | Management software solutions provider |   | First lien senior secured loan ($46.2 par due 11/2023) |   | 7.89% (Libor + 6.25%/Q) |   | 11/21/2017 |   | 45.5 |  |   | 45.7 |  | (3)(17) |   |
| Brandtone Holdings Limited (9)                                                                |   | Mobile communications and marketing services provider |   | First lien senior secured loan ($4.7 par due 11/2018) |   | — |   | 5/11/2015 |   | 4.5 |  |   | — |  | (2)(16) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($3.1 par due 2/2019) |   | — |   | 5/11/2015 |   | 2.9 |  |   | — |  | (2)(16) |   |
|                                                                                          |   |   |   | Warrant to purchase up to 184,003 units of convertible preferred shares (expires 8/2026) |   |   |   | 5/11/2015 |   | — |  |   | — |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 7.4 |  |   | — |  |   |   |
| CallMiner, Inc.                                                                               |   | Provider of cloud-based conversational analytics solutions |   | Warrant to purchase up to 2,350,636 shares of Series 1 preferred stock (expires 7/2024) |   |   |   | 7/23/2014 |   | — |  |   | — |  | (2) |   |
| Chesapeake Research Review, LLC and Schulman Associates Institutional Review Board, Inc. (21) |   | Provider of central institutional review boards over clinical trials |   | First lien senior secured revolving loan ($0.6 par due 11/2023) |   | 7.14% (Libor + 5.75%/Q) |   | 11/7/2017 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($30.8 par due 11/2023) |   | 7.14% (Libor + 5.75%/Q) |   | 11/7/2017 |   | 30.8 |  |   | 30.5 |  | (2)(17) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 31.4 |  |   | 31.1 |  |   |   |
| Clearwater Analytics, LLC (21)                                                                |   | Provider of integrated cloud-based investment portfolio management, accounting, reporting and analytics software |   | First lien senior secured revolving loan ($0.4 par due 9/2022) |   | 9.00% (Libor + 7.50%/Q) |   | 9/1/2016 |   | 0.4 |  |   | 0.4 |  | (2)(17) |   |
| CMW Parent LLC (fka Black Arrow, Inc.)                                                        |   | Multiplatform media firm |   | Series A units (32 units) |   |   |   | 9/11/2015 |   | — |  |   | — |  | (2) |   |
| Columbo Midco Limited, Columbo Bidco Limited and Columbo Topco Limited (8)(9)                 |   | Compliance, accounting and tax consulting services provider |   | Preferred stock (34,028,135 shares) |   |   |   | 1/3/2017 |   | 2.3 |  |   | 9.9 |  |   |   |
|                                                                                          |   |   |   | Preferred stock (17,653,253 shares) |   |   |   | 1/3/2017 |   | 21.6 |  |   | 26.0 |  |   |   |
|                                                                                          |   |   |   | Preferred stock (3,232,666 shares) |   |   |   | 1/3/2017 |   | 4.0 |  |   | 4.7 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 27.9 |  |   | 40.6 |  |   |   |
| Command Alkon Incorporated (21)                                                               |   | Software solutions provider to the ready-mix concrete industry |   | First lien senior secured revolving loan ($1.5 par due 9/2022) |   | 8.50% (Base Rate + 4.00%/Q) |   | 9/1/2017 |   | 1.5 |  |   | 1.5 |  | (2)(17)(20) |   |

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|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                       |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                             |   |   |   | First lien senior secured loan ($25.6 par due 9/2023) |   | 6.48% (Libor + 5.00%/Q) |   | 9/1/2017 |   | 25.6 |  |   | 25.3 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($33.8 par due 3/2024) |   | 10.48% (Libor + 9.00%/Q) |   | 9/1/2017 |   | 33.8 |  |   | 33.4 |  | (2)(17) |   |
|                                             |   |   |   |   |   |   |   |   |   | 60.9 |  |   | 60.2 |  |   |   |
| Compusearch Software Systems, Inc.               |   | Provider of enterprise software and services for organizations in the public sector |   | Second lien senior secured loan ($51.0 par due 11/2021) |   | 10.16% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 51.0 |  |   | 51.0 |  | (2)(17) |   |
| Compuware Parent, LLC                            |   | Web and mobile cloud performance testing and monitoring services provider |   | Class A-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 2.2 |  |   | 2.2 |  | (2) |   |
|                                             |   |   |   | Class B-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 0.4 |  |   | 0.4 |  | (2) |   |
|                                             |   |   |   | Class C-1 common stock (4,132 units) |   |   |   | 12/15/2014 |   | 0.3 |  |   | 0.3 |  | (2) |   |
|                                             |   |   |   | Class A-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   | Class B-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   | Class C-2 common stock (4,132 units) |   |   |   | 12/15/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 2.9 |  |   | 2.9 |  |   |   |
| Convergint Technologies LLC                      |   | Integrated services provider for security, fire and life safety |   | Second lien senior secured loan ($25.0 par due 12/2020) |   | 10.27% (Libor + 8.50%/Q) |   | 12/18/2017 |   | 25.0 |  |   | 25.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($3.0 par due 12/2020) |   | 10.12% (Libor + 8.50%/Q) |   | 1/3/2017 |   | 3.0 |  |   | 3.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($6.0 par due 12/2020) |   | 9.98% (Libor + 8.50%/Q) |   | 1/3/2017 |   | 6.0 |  |   | 6.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($14.0 par due 12/2020) |   | 10.00% (Libor + 8.50%/Q) |   | 1/3/2017 |   | 14.0 |  |   | 14.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($8.0 par due 12/2020) |   | 10.27% (Libor + 8.50%/Q) |   | 1/3/2017 |   | 8.0 |  |   | 8.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($8.0 par due 12/2020) |   | 9.45% (Libor + 8.00%/Q) |   | 1/3/2017 |   | 8.0 |  |   | 8.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($11.0 par due 12/2020) |   | 9.50% (Libor + 8.00%/Q) |   | 1/3/2017 |   | 11.0 |  |   | 11.0 |  | (2)(17) |   |
|                                             |   |   |   | Second lien senior secured loan ($75.0 par due 12/2020) |   | 9.61% (Libor + 8.00%/Q) |   | 1/3/2017 |   | 75.0 |  |   | 75.0 |  | (2)(17) |   |
|                                             |   |   |   |   |   |   |   |   |   | 150.0 |  |   | 150.0 |  |   |   |
| Directworks, Inc. and Co-Exprise Holdings, Inc.  |   | Provider of cloud-based software solutions for direct materials sourcing and supplier management for manufacturers |   | First lien senior secured loan ($1.8 par due 4/2018) |   | — |   | 12/19/2014 |   | 1.3 |  |   | 0.2 |  | (2)(16) |   |
|                                             |   |   |   | Warrant to purchase up to 1,875,000 shares of Series 1 preferred stock (expires 12/2024) |   |   |   | 12/19/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 1.3 |  |   | 0.2 |  |   |   |
| DRB Holdings, LLC (21)                           |   | Provider of integrated technology solutions to car wash operators |   | First lien senior secured loan ($36.7 par due 10/2023) |   | 7.10% (Libor + 5.75%/Q) |   | 10/6/2017 |   | 36.7 |  |   | 36.3 |  | (2)(17) |   |
| DTI Holdco, Inc. and OPE DTI Holdings, Inc. (21) |   | Provider of legal process outsourcing and managed services |   | First lien senior secured loan ($4.1 par due 10/2023) |   | 6.63% (Libor + 5.25%/Q) |   | 9/23/2016 |   | 4.1 |  |   | 4.1 |  | (4)(17) |   |
|                                             |   |   |   | Class A common stock (7,500 shares) |   |   |   | 8/19/2014 |   | 7.5 |  |   | 6.9 |  | (2) |   |
|                                             |   |   |   | Class B common stock (7,500 shares) |   |   |   | 8/19/2014 |   | — |  |   | — |  | (2) |   |
|                                             |   |   |   |   |   |   |   |   |   | 11.6 |  |   | 11.0 |  |   |   |
| Emergency Communications Network, LLC (21)       |   | Provider of mission critical emergency mass notification solutions |   | First lien senior secured loan ($37.9 par due 6/2023) |   | 7.82% (Libor + 6.25%/Q) |   | 6/1/2017 |   | 37.7 |  |   | 37.5 |  | (2)(17) |   |
|                                             |   |   |   | First lien senior secured loan ($19.9 par due 6/2023) |   | 7.82% (Libor + 6.25%/Q) |   | 6/1/2017 |   | 19.8 |  |   | 19.8 |  | (4)(17) |   |

----

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|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                              |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                    |   |   |   |   |   |   |   |   |   | 57.5 |  |   | 57.3 |  |   |   |
| EN Engineering, L.L.C. (21)                                             |   | National utility services firm providing engineering and consulting services to natural gas, electric power and other energy and industrial end markets |   | First lien senior secured revolving loan |   | — |   | 6/30/2015 |   | — |  |   | — |  | (19) |   |
| Entertainment Partners, LLC and Entertainment Partners Canada Inc. (21) |   | Provider of entertainment workforce and production management solutions |   | First lien senior secured loan ($7.9 par due 5/2022) |   | 6.85% (Libor + 5.50%/Q) |   | 5/8/2017 |   | 7.3 |  |   | 7.9 |  | (2)(9)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($4.2 par due 5/2023) |   | 7.15% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 4.2 |  |   | 4.1 |  | (2)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($26.1 par due 5/2023) |   | 7.15% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 26.1 |  |   | 25.8 |  | (3)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($3.6 par due 5/2023) |   | 7.44% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 3.6 |  |   | 3.6 |  | (2)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($22.5 par due 5/2023) |   | 7.44% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 22.5 |  |   | 22.2 |  | (3)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($4.2 par due 5/2023) |   | 7.34% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 4.2 |  |   | 4.1 |  | (2)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($26.1 par due 5/2023) |   | 7.34% (Libor + 5.75%/Q) |   | 5/8/2017 |   | 26.1 |  |   | 25.8 |  | (3)(17) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 94.0 |  |   | 93.5 |  |   |   |
| First Insight, Inc.                                                     |   | Software company providing merchandising and pricing solutions to companies worldwide |   | Warrant to purchase up to 122,827 units of Series C preferred stock (expires 3/2024) |   |   |   | 3/20/2014 |   | — |  |   | — |  | (2) |   |
| Flexera Software LLC                                                    |   | Provider of software and software applications that manages application usage, compliance and security risk |   | Second lien senior secured loan ($5.0 par due 4/2021) |   | 8.57% (Libor + 7.00%/Q) |   | 1/3/2017 |   | 4.8 |  |   | 5.0 |  | (2)(17) |   |
| Foundation Risk Partners, Corp. (21)                                    |   | Full service independent insurance agency |   | First lien senior secured loan ($23.5 par due 11/2023) |   | 6.16% (Libor + 4.75%/Q) |   | 11/10/2017 |   | 23.5 |  |   | 23.3 |  | (3)(17) |   |
|                                                                    |   |   |   | Second lien senior secured loan ($27.5 par due 11/2024) |   | 9.91% (Libor + 8.50%/Q) |   | 11/10/2017 |   | 27.5 |  |   | 27.2 |  | (2)(17) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 51.0 |  |   | 50.5 |  |   |   |
| Graphpad Software, LLC (21)                                             |   | Provider of data analysis, statistics, and visualization software solutions for scientific research applications |   | First lien senior secured revolving loan ($0.6 par due 12/2023) |   | 7.66% (Libor + 6.00%/Q) |   | 12/21/2017 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($8.8 par due 12/2023) |   | 7.66% (Libor + 6.00%/Q) |   | 12/21/2017 |   | 8.8 |  |   | 8.7 |  | (2)(17) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 9.4 |  |   | 9.3 |  |   |   |
| GTCR-Ultra Acquisition, Inc. and GTCR-Ultra Holdings, LLC (21)          |   | Provider of payment processing and merchant acquiring solutions |   | First lien senior secured loan ($8.9 par due 8/2024) |   | 7.37% (Libor + 6.00%/Q) |   | 8/1/2017 |   | 8.9 |  |   | 8.9 |  | (4)(17) |   |
|                                                                    |   |   |   | Class A-2 units (911 units) |   |   |   | 8/1/2017 |   | 0.9 |  |   | 1.0 |  | (2) |   |
|                                                                    |   |   |   | Class B units (2,878,372 units) |   |   |   | 8/1/2017 |   | — |  |   | — |  | (2) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 9.8 |  |   | 9.9 |  |   |   |
| HAI Acquisition Corporation and Aloha Topco, LLC (21)                   |   | Professional employer organization provider of human resources, compliance and risk management services |   | First lien senior secured revolving loan ($4.7 par due 11/2023) |   | 7.38% (Libor + 6.00%/Q) |   | 11/1/2017 |   | 4.7 |  |   | 4.7 |  | (2)(17) |   |
|                                                                    |   |   |   | First lien senior secured loan ($81.4 par due 11/2024) |   | 9.50% (Base Rate + 5.00%/Q) |   | 11/1/2017 |   | 81.4 |  |   | 80.6 |  | (2)(17) |   |
|                                                                    |   |   |   | Class A units (16,980 units) |   |   |   | 11/1/2017 |   | 1.7 |  |   | 1.7 |  | (2) |   |
|                                                                    |   |   |   |   |   |   |   |   |   | 87.8 |  |   | 87.0 |  |   |   |

----

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|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| IfByPhone Inc.                                                                                |   | Voice-based marketing automation software provider |   | Warrant to purchase up to 124,300 shares of Series C preferred stock (expires 10/2022) |   |   |   | 10/15/2012 |   | 0.1 |  |   | 0.1 |  | (2) |   |
| Implementation Management Assistance, LLC (21)                                                |   | Revenue cycle consulting firm to the healthcare industry |   | First lien senior secured loan ($8.0 par due 12/2023) |   | 5.46% (Libor + 4.00%/Q) |   | 12/13/2017 |   | 8.0 |  |   | 7.9 |  | (2)(17) |   |
| Infogix, Inc. and Infogix Parent Corporation                                                  |   | Enterprise data analytics and integrity software solutions provider |   | First lien senior secured loan ($51.6 par due 12/2021) |   | 8.44% (Libor + 6.75%/Q) |   | 1/3/2017 |   | 51.6 |  |   | 51.6 |  | (2)(12)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($34.9 par due 12/2021) |   | 8.44% (Libor + 6.75%/Q) |   | 1/3/2017 |   | 34.9 |  |   | 34.9 |  | (3)(12)(17) |   |
|                                                                                          |   |   |   | Series A preferred stock (2,475 shares) |   |   |   | 1/3/2017 |   | 2.5 |  |   | 2.9 |  |   |   |
|                                                                                          |   |   |   | Common stock (1,297,768 shares) |   |   |   | 1/3/2017 |   | — |  |   | 0.3 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 89.0 |  |   | 89.7 |  |   |   |
| Inmar, Inc.                                                                                   |   | Technology-driven solutions provider for retailers, wholesalers and manufacturers |   | Second lien senior secured loan ($28.3 par due 5/2025) |   | 9.42% (Libor + 8.00%/Q) |   | 4/25/2017 |   | 27.9 |  |   | 28.3 |  | (2)(17) |   |
| InterVision Systems, LLC and InterVision Holdings, LLC                                        |   | Provider of cloud based IT solutions, infrastructure and services |   | First lien senior secured loan ($24.7 par due 5/2022) |   | 9.79% (Libor + 7.95%/Q) |   | 5/31/2017 |   | 24.7 |  |   | 24.7 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($10.0 par due 5/2022) |   | 9.79% (Libor + 7.95%/Q) |   | 5/31/2017 |   | 10.0 |  |   | 10.0 |  | (4)(17) |   |
|                                                                                          |   |   |   | Class A membership units (1,000 units) |   |   |   | 5/31/2017 |   | 1.0 |  |   | 1.4 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 35.7 |  |   | 36.1 |  |   |   |
| iParadigms Holdings, LLC                                                                      |   | Anti-plagiarism software provider to the education market |   | Second lien senior secured loan ($37.5 par due 7/2022) |   | 8.94% (Libor + 7.25%/Q) |   | 1/3/2017 |   | 36.8 |  |   | 36.7 |  | (2)(17) |   |
| iPipeline, Inc., Internet Pipeline, Inc., iPipeline Limited and iPipeline Holdings, Inc. (21) |   | Provider of SaaS-based software solutions to the insurance and financial services industry |   | First lien senior secured loan ($7.5 par due 8/2022) |   | 7.74% (Libor + 6.25%/Q) |   | 6/15/2017 |   | 7.4 |  |   | 7.5 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($9.1 par due 8/2022) |   | 7.74% (Libor + 6.25%/Q) |   | 9/15/2017 |   | 9.1 |  |   | 9.1 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($46.4 par due 8/2022) |   | 8.60% (Libor + 7.25%/Q) |   | 8/4/2015 |   | 46.4 |  |   | 46.4 |  | (3)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($14.7 par due 8/2022) |   | 8.60% (Libor + 7.25%/Q) |   | 8/4/2015 |   | 14.7 |  |   | 14.7 |  | (4)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($12.2 par due 8/2022) |   | 8.07% (Libor + 6.50%/Q) |   | 12/18/2017 |   | 12.0 |  |   | 12.2 |  | (2)(9)(17) |   |
|                                                                                          |   |   |   | Preferred stock (1,100 shares) |   |   |   | 8/4/2015 |   | 1.1 |  |   | 3.5 |  | (2) |   |
|                                                                                          |   |   |   | Common stock (668,781 shares) |   |   |   | 8/4/2015 |   | — |  |   | — |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 90.7 |  |   | 93.4 |  |   |   |
| IQMS                                                                                          |   | Provider of enterprise resource planning and manufacturing execution software for small and midsized manufacturers |   | First lien senior secured loan ($4.0 par due 3/2022) |   | 9.82% (Libor + 8.25%/Q) |   | 3/28/2017 |   | 4.0 |  |   | 4.0 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($18.8 par due 3/2022) |   | 9.82% (Libor + 8.25%/Q) |   | 3/28/2017 |   | 18.8 |  |   | 18.8 |  | (3)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($15.0 par due 3/2022) |   | 9.82% (Libor + 8.25%/Q) |   | 3/28/2017 |   | 15.0 |  |   | 15.0 |  | (4)(17) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 37.8 |  |   | 37.8 |  |   |   |
| Iron Bow Technologies, LLC                                                                    |   | Provider and value added reseller of information technology products and solutions |   | Second lien senior secured loan ($10.0 par due 2/2021) |   | 13.11% (Libor + 10.00% Cash, 1.75% PIK/Q) |   | 1/3/2017 |   | 10.0 |  |   | 10.0 |  | (2)(17) |   |
| IronPlanet, Inc.                                                                              |   | Online auction platform provider for used heavy equipment |   | Warrant to purchase to up to 133,333 shares of Series C preferred stock (expires 9/2023) |   |   |   | 9/23/2013 |   | 0.2 |  |   | 0.4 |  | (2) |   |

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|                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                             |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| LLSC Holdings Corporation (dba Lawrence Merchandising Services) (8)                    |   | Marketing services provider |   | Series A preferred stock (9,000 shares) |   |   |   | 1/3/2017 |   | 19.2 |  |   | 18.2 |  |   |   |
|                                                                                   |   |   |   | Common stock (1,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 19.2 |  |   | 18.2 |  |   |   |
| Miles 33 (Finance) Limited (8)(9)                                                      |   | Software provider to the regional media industry and magazines |   | First lien senior secured loan ($0.4 par due 9/2018) |   | 7.00% (EURIBOR + 3.50% Cash, 3.00% PIK/Q) |   | 1/3/2017 |   | 0.3 |  |   | 0.4 |  |   |   |
|                                                                                   |   |   |   | First lien senior secured loan ($4.1 par due 9/2018) |   | 7.00% (EURIBOR + 3.50% Cash, 3.00% PIK/Q) |   | 1/3/2017 |   | 3.7 |  |   | 4.1 |  |   |   |
|                                                                                   |   |   |   | Senior subordinated loan ($17.4 par due 9/2021) |   | 5.00% (EURIBOR + 4.50%/Q) |   | 1/3/2017 |   | 9.9 |  |   | 13.4 |  |   |   |
|                                                                                   |   |   |   | Preferred stock (19,500,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                                   |   |   |   | Preferred stock (900,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                                   |   |   |   | Common stock (600,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 13.9 |  |   | 17.9 |  |   |   |
| Ministry Brands, LLC and MB Parent HoldCo, L.P. (21)                                   |   | Software and payment services provider to faith-based institutions |   | First lien senior secured revolving loan ($10.9 par due 12/2022) |   | 6.57% (Libor + 5.00%/Q) |   | 12/2/2016 |   | 10.9 |  |   | 10.9 |  | (2)(17) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($1.7 par due 12/2022) |   | 6.57% (Libor + 5.00%/Q) |   | 8/22/2017 |   | 1.7 |  |   | 1.7 |  | (2)(17) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($1.4 par due 12/2022) |   | 6.38% (Libor + 5.00%/Q) |   | 8/22/2017 |   | 1.4 |  |   | 1.4 |  | (2)(17) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($10.6 par due 12/2022) |   | 6.38% (Libor + 5.00%/Q) |   | 4/6/2017 |   | 10.6 |  |   | 10.6 |  | (2)(17) |   |
|                                                                                   |   |   |   | First lien senior secured loan ($16.7 par due 12/2022) |   | 6.38% (Libor + 5.00%/Q) |   | 4/6/2017 |   | 16.5 |  |   | 16.7 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($4.6 par due 6/2023) |   | 10.82% (Libor + 9.25%/Q) |   | 8/22/2017 |   | 4.6 |  |   | 4.6 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($1.6 par due 6/2023) |   | 10.60% (Libor + 9.25%/Q) |   | 8/22/2017 |   | 1.6 |  |   | 1.6 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($5.1 par due 6/2023) |   | 10.63% (Libor + 9.25%/Q) |   | 8/22/2017 |   | 5.1 |  |   | 5.1 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($16.6 par due 6/2023) |   | 10.63% (Libor + 9.25%/Q) |   | 12/2/2016 |   | 16.6 |  |   | 16.6 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($4.7 par due 6/2023) |   | 10.63% (Libor + 9.25%/Q) |   | 4/6/2017 |   | 4.7 |  |   | 4.7 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($9.2 par due 6/2023) |   | 10.63% (Libor + 9.25%/Q) |   | 4/6/2017 |   | 9.2 |  |   | 9.2 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($90.0 par due 6/2023) |   | 10.63% (Libor + 9.25%/Q) |   | 12/2/2016 |   | 89.3 |  |   | 90.0 |  | (2)(17) |   |
|                                                                                   |   |   |   | Class A units (500,000 units) |   |   |   | 12/2/2016 |   | 5.0 |  |   | 6.8 |  | (2) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 177.2 |  |   | 179.9 |  |   |   |
| MVL Group, Inc. (8)                                                                    |   | Marketing research provider |   | Common stock (560,716 shares) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
| NAS, LLC, Nationwide Marketing Group, LLC and Nationwide Administrative Services, Inc. |   | Buying and marketing services organization for appliance, furniture and consumer electronics dealers |   | Second lien senior secured loan ($24.1 par due 12/2021) |   | 10.32% (Libor + 9.00%/Q) |   | 6/1/2015 |   | 24.1 |  |   | 24.1 |  | (2)(17) |   |
| Novetta Solutions, LLC                                                                 |   | Provider of advanced analytics solutions for the government, defense and commercial industries |   | First lien senior secured loan ($12.7 par due 10/2022) |   | 6.70% (Libor + 5.00%/Q) |   | 1/3/2017 |   | 12.3 |  |   | 12.1 |  | (2)(17) |   |
|                                                                                   |   |   |   | Second lien senior secured loan ($31.0 par due 10/2023) |   | 10.20% (Libor + 8.50%/Q) |   | 1/3/2017 |   | 28.4 |  |   | 27.9 |  | (2)(17) |   |
|                                                                                   |   |   |   |   |   |   |   |   |   | 40.7 |  |   | 40.0 |  |   |   |

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|                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                     |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Palermo Finance Corporation (21)                               |   | Provider of mission-critical integrated public safety software and services to local, state and federal agencies |   | First lien senior secured revolving loan |   | — |   | 4/17/2017 |   | — |  |   | — |  | (19) |   |
|                                                           |   |   |   | First lien senior secured loan ($11.0 par due 4/2023) |   | 5.85% (Libor + 4.50%/Q) |   | 4/17/2017 |   | 10.9 |  |   | 11.0 |  | (4)(17) |   |
|                                                           |   |   |   | Second lien senior secured loan ($54.3 par due 10/2023) |   | 9.85% (Libor + 8.50%/Q) |   | 4/17/2017 |   | 54.3 |  |   | 54.3 |  | (2)(17) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 65.2 |  |   | 65.3 |  |   |   |
| Park Place Technologies, LLC                                   |   | Provider of third party hardware maintenance and support services for IT data centers |   | Second lien senior secured loan ($41.5 par due 12/2022) |   | 10.54% (Libor + 9.00%/Q) |   | 1/3/2017 |   | 41.5 |  |   | 41.5 |  | (2)(17) |   |
| PayNearMe, Inc.                                                |   | Electronic cash payment system provider |   | Warrant to purchase up to 195,726 shares of Series E preferred stock (expires 3/2023) |   |   |   | 3/11/2016 |   | 0.2 |  |   | — |  | (5) |   |
| PDI TA Holdings, Inc. (21)                                     |   | Provider of enterprise management software for the convenience retail and petroleum wholesale markets |   | First lien senior secured revolving loan ($0.9 par due 8/2023) |   | 8.25% (Base Rate + 3.75%/Q) |   | 8/25/2017 |   | 0.9 |  |   | 0.9 |  | (2)(17) |   |
|                                                           |   |   |   | First lien senior secured loan ($3.7 par due 8/2023) |   | 6.32% (Libor + 4.75%/Q) |   | 8/25/2017 |   | 3.7 |  |   | 3.7 |  | (2)(17) |   |
|                                                           |   |   |   | First lien senior secured loan ($26.4 par due 8/2023) |   | 6.21% (Libor + 4.75%/Q) |   | 8/25/2017 |   | 26.4 |  |   | 26.1 |  | (2)(17) |   |
|                                                           |   |   |   | Second lien senior secured loan ($8.2 par due 8/2024) |   | 10.32% (Libor + 8.75%/Q) |   | 8/25/2017 |   | 8.2 |  |   | 8.1 |  | (2)(17) |   |
|                                                           |   |   |   | Second lien senior secured loan ($66.8 par due 8/2024) |   | 10.21% (Libor + 8.75%/Q) |   | 8/25/2017 |   | 66.8 |  |   | 66.1 |  | (2)(17) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 106.0 |  |   | 104.9 |  |   |   |
| PHL Investors, Inc., and PHL Holding Co. (8)                   |   | Mortgage services |   | Class A common stock (576 shares) |   |   |   | 7/31/2012 |   | 3.8 |  |   | — |  | (2) |   |
| PHNTM Holdings, Inc. and Planview Parent, Inc.                 |   | Provider of project and portfolio management software |   | First lien senior secured loan ($5.1 par due 1/2023) |   | 6.82% (Libor + 5.25%/Q) |   | 12/7/2017 |   | 5.1 |  |   | 5.1 |  | (2)(17) |   |
|                                                           |   |   |   | First lien senior secured loan ($31.6 par due 1/2023) |   | 6.82% (Libor + 5.25%/Q) |   | 1/27/2017 |   | 31.1 |  |   | 31.6 |  | (2)(17) |   |
|                                                           |   |   |   | First lien senior secured loan ($5.0 par due 1/2023) |   | 6.82% (Libor + 5.25%/Q) |   | 1/27/2017 |   | 4.9 |  |   | 5.0 |  | (4)(17) |   |
|                                                           |   |   |   | Second lien senior secured loan ($62.0 par due 7/2023) |   | 11.32% (Libor + 9.75%/Q) |   | 1/27/2017 |   | 61.2 |  |   | 62.0 |  | (2)(17) |   |
|                                                           |   |   |   | Class A common shares (990 shares) |   |   |   | 1/27/2017 |   | 1.0 |  |   | 1.1 |  | (2) |   |
|                                                           |   |   |   | Class B common shares (168,329 shares) |   |   |   | 1/27/2017 |   | — |  |   | 0.2 |  | (2) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 103.3 |  |   | 105.0 |  |   |   |
| Poplicus Incorporated                                          |   | Business intelligence and market analytics platform for companies that sell to the public sector |   | Warrant to purchase up to 2,402,991 shares of Series C preferred stock (expires 6/2025) |   |   |   | 6/25/2015 |   | 0.1 |  |   | — |  | (5) |   |
| PowerPlan, Inc. and Project Torque Ultimate Parent Corporation |   | Fixed asset financial management software provider |   | Second lien senior secured loan ($30.0 par due 2/2023) |   | 10.57% (Libor + 9.00%/Q) |   | 2/23/2015 |   | 29.8 |  |   | 30.0 |  | (2)(17) |   |
|                                                           |   |   |   | Second lien senior secured loan ($50.0 par due 2/2023) |   | 10.57% (Libor + 9.00%/Q) |   | 2/23/2015 |   | 49.7 |  |   | 50.0 |  | (3)(17) |   |
|                                                           |   |   |   | Class A common stock (1,697 shares) |   |   |   | 2/23/2015 |   | 1.7 |  |   | 3.3 |  | (2) |   |
|                                                           |   |   |   | Class B common stock (989,011 shares) |   |   |   | 2/23/2015 |   | — |  |   | — |  | (2) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 81.2 |  |   | 83.3 |  |   |   |
| Project Alpha Intermediate Holding, Inc. and Qlik Parent, Inc. |   | Provider of data visualization software for data analytics |   | Class A common shares (7,444 shares) |   |   |   | 8/22/2016 |   | 7.4 |  |   | 7.6 |  | (2) |   |
|                                                           |   |   |   | Class B common shares (1,841,608.69 shares) |   |   |   | 8/22/2016 |   | 0.1 |  |   | — |  | (2) |   |
|                                                           |   |   |   |   |   |   |   |   |   | 7.5 |  |   | 7.6 |  |   |   |

----

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                 |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| R2 Acquisition Corp.                                                                       |   | Marketing services |   | Common stock (250,000 shares) |   |   |   | 5/29/2007 |   | 0.2 |  |   | 0.3 |  | (2) |   |
| SCM Insurance Services Inc. (9)(21)                                                        |   | Provider of claims management, claims investigation & support and risk management solutions for the Canadian property and casualty insurance industry |   | First lien senior secured loan ($21.5 par due 8/2024) |   | 6.35% (Libor + 5.00%/Q) |   | 8/29/2017 |   | 21.5 |  |   | 21.2 |  | (2)(17) |   |
|                                                                                       |   |   |   | Second lien senior secured loan ($60.5 par due 3/2025) |   | 10.35% (Libor + 9.00%/Q) |   | 8/29/2017 |   | 60.5 |  |   | 59.9 |  | (2)(17) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 82.0 |  |   | 81.1 |  |   |   |
| Shift PPC LLC (21)                                                                         |   | Digital solutions provider |   | First lien senior secured loan ($1.7 par due 12/2021) |   | 7.57% (Libor + 6.00%/Q) |   | 12/22/2016 |   | 1.7 |  |   | 1.7 |  | (4)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($3.3 par due 12/2021) |   | 7.69% (Libor + 6.00%/Q) |   | 12/22/2016 |   | 3.3 |  |   | 3.3 |  | (4)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($5.0 par due 12/2021) |   | 7.84% (Libor + 6.00%/Q) |   | 12/22/2016 |   | 5.0 |  |   | 5.0 |  | (4)(17) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 10.0 |  |   | 10.0 |  |   |   |
| Sparta Systems, Inc., Project Silverback Holdings Corp. and Silverback Holdings, Inc. (21) |   | Quality management software provider |   | Second lien senior secured loan ($20.0 par due 8/2025) |   | 9.69% (Libor + 8.25%/Q) |   | 8/21/2017 |   | 19.6 |  |   | 19.8 |  | (2)(17) |   |
|                                                                                       |   |   |   | Series B preferred shares (10,084 shares) |   |   |   | 8/21/2017 |   | 1.1 |  |   | 1.1 |  |   |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 20.7 |  |   | 20.9 |  |   |   |
| Talari Networks, Inc.                                                                      |   | Networking equipment provider |   | First lien senior secured loan ($6.0 par due 10/2019) |   | 10.88% (Libor + 9.50%/M) |   | 8/3/2015 |   | 6.0 |  |   | 5.7 |  | (5)(17) |   |
|                                                                                       |   |   |   | Warrant to purchase up to 421,052 shares of Series D-1 preferred stock (expires 8/2022) |   |   |   | 8/3/2015 |   | 0.1 |  |   | 0.1 |  | (5) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 6.1 |  |   | 5.8 |  |   |   |
| The Gordian Group, Inc. (21)                                                               |   | Construction software and service provider |   | First lien senior secured loan ($8.4 par due 7/2019) |   | 6.14% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 8.3 |  |   | 8.4 |  | (3)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($3.2 par due 7/2019) |   | 6.14% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 3.1 |  |   | 3.2 |  | (4)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($8.9 par due 7/2019) |   | 5.86% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 8.8 |  |   | 8.9 |  | (3)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($3.4 par due 7/2019) |   | 5.86% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 3.3 |  |   | 3.4 |  | (4)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($7.8 par due 7/2019) |   | 5.95% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 7.6 |  |   | 7.8 |  | (3)(17) |   |
|                                                                                       |   |   |   | First lien senior secured loan ($2.9 par due 7/2019) |   | 5.95% (Libor + 4.50%/Q) |   | 1/3/2017 |   | 2.9 |  |   | 2.9 |  | (4)(17) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | 34.0 |  |   | 34.6 |  |   |   |
| The Greeley Company, Inc. and HCP Acquisition Holdings, LLC (8)                            |   | Healthcare compliance advisory services |   | Senior subordinated loan ($10.5 par due 3/2017) |   |   |   | 3/5/2013 |   | — |  |   | — |  | (2)(16) |   |
|                                                                                       |   |   |   | Class A units (14,293,110 units) |   |   |   | 6/26/2008 |   | — |  |   | — |  | (2) |   |
|                                                                                       |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| UL Holding Co., LLC (7)                                                                    |   | Provider of collection and landfill avoidance solutions for food waste and unsold food products |   | Senior subordinated loan ($2.8 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 0.9 |  |   | 2.8 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($0.4 par due 5/2020) |   |   |   | 4/30/2012 |   | 0.1 |  |   | 0.4 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($6.2 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 1.9 |  |   | 6.2 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($0.5 par due 5/2020) |   |   |   | 4/30/2012 |   | 0.2 |  |   | 0.5 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($24.5 par due 5/2020) |   | 10.00% PIK |   | 4/30/2012 |   | 7.6 |  |   | 24.5 |  | (2) |   |
|                                                                                       |   |   |   | Senior subordinated loan ($3.8 par due 5/2020) |   |   |   | 4/30/2012 |   | 1.2 |  |   | 3.8 |  | (2) |   |
|                                                                                       |   |   |   | Class A common units (533,351 units) |   |   |   | 6/17/2011 |   | 5.0 |  |   | 2.8 |  | (2) |   |

----

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                   |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                         |   |   |   | Class B-5 common units (272,834 units) |   |   |   | 6/17/2011 |   | 2.5 |  |   | 1.4 |  | (2) |   |
|                         |   |   |   | Class C common units (758,546 units) |   |   |   | 4/25/2008 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 719,044 shares of Class A units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 28,663 shares of Class B-1 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 57,325 shares of Class B-2 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 29,645 shares of Class B-3 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 80,371 shares of Class B-5 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 59,655 shares of Class B-6 units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 1,046,713 shares of Class C units |   |   |   | 5/2/2014 |   | — |  |   | — |  | (2) |   |
|                         |   |   |   |   |   |   |   |   |   | 19.4 |  |   | 42.4 |  |   |   |
| Velocity Holdings Corp.      |   | Hosted enterprise resource planning application management services provider |   | Common units (1,713,546 units) |   |   |   | 12/13/2013 |   | 4.5 |  |   | 3.4 |  |   |   |
| Visual Edge Technology, Inc. |   | Provider of outsourced office solutions with a focus on printer and copier equipment and other parts and supplies |   | First lien senior secured loan ($1.2 par due 8/2022) |   | 7.32% (Libor + 5.75%/Q) |   | 8/31/2017 |   | 1.2 |  |   | 1.2 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($3.8 par due 8/2022) |   | 7.13% (Libor + 5.75%/Q) |   | 8/31/2017 |   | 3.8 |  |   | 3.8 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($10.0 par due 8/2022) |   | 7.23% (Libor + 5.75%/Q) |   | 8/31/2017 |   | 10.0 |  |   | 10.0 |  | (2)(17) |   |
|                         |   |   |   | Senior subordinated loan ($41.5 par due 9/2024) |   | 12.50% PIK |   | 8/31/2017 |   | 37.6 |  |   | 39.0 |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 1,816,089 shares of common stock (expires 8/2027) |   |   |   | 8/31/2017 |   | — |  |   | 0.9 |  | (2) |   |
|                         |   |   |   | Warrant to purchase up to 2,070,511 shares of preferred stock (expires 8/2027) |   |   |   | 8/31/2017 |   | 4.1 |  |   | 4.4 |  | (2) |   |
|                         |   |   |   |   |   |   |   |   |   | 56.7 |  |   | 59.3 |  |   |   |
| VRC Companies, LLC (21)      |   | Provider of records and information management services |   | First lien senior secured revolving loan ($0.8 par due 3/2022) |   | 10.00% (Base Rate + 5.50%/Q) |   | 4/17/2017 |   | 0.8 |  |   | 0.8 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($1.4 par due 3/2023) |   | 7.82% (Libor + 6.50%/Q) |   | 4/17/2017 |   | 1.4 |  |   | 1.4 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($0.2 par due 3/2023) |   | 8.03% (Libor + 6.50%/Q) |   | 4/17/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($0.4 par due 3/2023) |   | 7.93% (Libor + 6.50%/Q) |   | 10/3/2017 |   | 0.4 |  |   | 0.4 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($0.3 par due 3/2023) |   | 7.98% (Libor + 6.50%/Q) |   | 10/3/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($0.3 par due 3/2023) |   | 8.03% (Libor + 6.50%/Q) |   | 10/3/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                         |   |   |   | First lien senior secured loan ($5.5 par due 3/2023) |   | 8.12% (Libor + 6.50%/Q) |   | 4/17/2017 |   | 5.5 |  |   | 5.5 |  | (2)(17) |   |
|                         |   |   |   |   |   |   |   |   |   | 8.9 |  |   | 8.9 |  |   |   |
| WorldPay Group PLC (9)       |   | Payment processing company |   | C2 shares (73,974 shares) |   |   |   | 10/21/2015 |   | — |  |   | — |  | (24) |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                           |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Zywave, Inc. (21)                                                    |   | Provider of software and technology-enabled content and analytical solutions to insurance brokers |   | First lien senior secured revolving loan ($1.3 par due 11/2022) |   | 6.57% (Libor + 5.00%/Q) |   | 11/17/2016 |   | 1.3 |  |   | 1.3 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured revolving loan ($1.0 par due 11/2022) |   | 8.50% (Base Rate + 4.00%/Q) |   | 11/17/2016 |   | 1.0 |  |   | 1.0 |  | (2)(17) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($27.0 par due 11/2023) |   | 10.42% (Libor + 9.00%/Q) |   | 11/17/2016 |   | 27.0 |  |   | 27.0 |  | (2)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 29.3 |  |   | 29.3 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 2,235.8 |  |   | 2,267.3 |  |   | 31.94 | % |
| Consumer Products                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Badger Sportswear Acquisition, Inc.                                  |   | Provider of team uniforms and athletic wear |   | Second lien senior secured loan ($56.8 par due 3/2024) |   | 10.46% (Libor + 9.00%/Q) |   | 9/6/2016 |   | 56.7 |  |   | 56.8 |  | (2)(17) |   |
| BRG Sports, Inc.                                                     |   | Designer, manufacturer and licensor of branded sporting goods |   | Preferred stock (2,009 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                 |   |   |   | Common stock (6,566,655 shares) |   |   |   | 1/3/2017 |   | — |  |   | 0.3 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | — |  |   | 0.3 |  |   |   |
| Consumer Health Parent LLC                                           |   | Developer and marketer of over-the-counter cold remedy products |   | Preferred units (1,072 units) |   |   |   | 12/15/2017 |   | 1.1 |  |   | 1.1 |  | (2) |   |
|                                                                 |   |   |   | Series A units (1,072 units) |   |   |   | 12/15/2017 |   | — |  |   | — |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 1.1 |  |   | 1.1 |  |   |   |
| Feradyne Outdoors, LLC and Bowhunter Holdings, LLC                   |   | Provider of branded archery and bowhunting accessories |   | Common units (421 units) |   |   |   | 4/24/2014 |   | 4.2 |  |   | 1.0 |  | (2) |   |
| Implus Footcare, LLC                                                 |   | Provider of footwear and other accessories |   | First lien senior secured loan ($14.6 par due 4/2021) |   | 8.44% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 14.6 |  |   | 14.6 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($77.5 par due 4/2021) |   | 8.44% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 77.5 |  |   | 77.5 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($19.9 par due 4/2021) |   | 8.44% (Libor + 6.75%/Q) |   | 6/1/2017 |   | 19.9 |  |   | 19.9 |  | (4)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 112.0 |  |   | 112.0 |  |   |   |
| Indra Holdings Corp.                                                 |   | Designer, marketer, and distributor of rain and cold weather products |   | Second lien senior secured loan ($80.0 par due 11/2021) |   | — |   | 5/1/2014 |   | 76.9 |  |   | 43.6 |  | (2)(16) |   |
| Plantation Products, LLC, Seed Holdings, Inc. and Flora Parent, Inc. |   | Provider of branded lawn and garden products |   | Second lien senior secured loan ($2.0 par due 6/2021) |   | 9.41% (Libor + 7.99%/Q) |   | 12/23/2014 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($54.0 par due 6/2021) |   | 9.41% (Libor + 7.99%/Q) |   | 12/23/2014 |   | 53.8 |  |   | 54.0 |  | (3)(17) |   |
|                                                                 |   |   |   | Second lien senior secured loan ($10.0 par due 6/2021) |   | 9.41% (Libor + 7.99%/Q) |   | 12/23/2014 |   | 10.0 |  |   | 10.0 |  | (4)(17) |   |
|                                                                 |   |   |   | Common stock (30,000 shares) |   |   |   | 12/23/2014 |   | 3.0 |  |   | 6.0 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 68.8 |  |   | 72.0 |  |   |   |
| Rug Doctor, LLC and RD Holdco Inc. (8)                               |   | Manufacturer and marketer of carpet cleaning machines |   | Second lien senior secured loan ($16.9 par due 12/2018) |   | 11.42% (Libor + 9.75%/Q) |   | 1/3/2017 |   | 16.9 |  |   | 16.9 |  | (2)(17) |   |
|                                                                 |   |   |   | Common stock (458,596 shares) |   |   |   | 1/3/2017 |   | 14.0 |  |   | 10.8 |  |   |   |
|                                                                 |   |   |   | Warrant to purchase up to 56,372 shares of common stock (expires 12/2023) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 30.9 |  |   | 27.7 |  |   |   |
| S Toys Holdings LLC (fka The Step2 Company, LLC) (8)                 |   | Toy manufacturer |   | Class B common units (126,278,000 units) |   |   |   | 10/30/2014 |   | — |  |   | 0.5 |  | (2) |   |
|                                                                 |   |   |   | Common units (1,116,879 units) |   |   |   | 4/1/2011 |   | — |  |   | — |  |   |   |
|                                                                 |   |   |   | Warrant to purchase up to 3,157,895 units |   |   |   | 4/1/2010 |   | — |  |   | — |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | — |  |   | 0.5 |  |   |   |

----

|                                                                                                                                  |
|----------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                       |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| SHO Holding I Corporation                                                                                                        |   | Manufacturer and distributor of slip resistant footwear |   | Second lien senior secured loan ($100.0 par due 4/2023) |   | 9.92% (Libor + 8.50%/Q) |   | 10/27/2015 |   | 98.2 |  |   | 92.0 |  | (2)(17) |   |
| Shock Doctor, Inc. and Shock Doctor Holdings, LLC (7)                                                                            |   | Developer, marketer and distributor of sports protection equipment and accessories |   | Second lien senior secured loan ($89.4 par due 10/2021) |   | 11.86% (Libor + 10.50%/Q) |   | 4/22/2015 |   | 89.4 |  |   | 82.3 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | Class A preferred units (50,000 units) |   |   |   | 3/14/2014 |   | 5.0 |  |   | 1.9 |  | (2) |   |
|                                                                                                                             |   |   |   | Class C preferred units (50,000 units) |   |   |   | 4/22/2015 |   | 5.0 |  |   | 1.9 |  | (2) |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 99.4 |  |   | 86.1 |  |   |   |
| Singer Sewing Company                                                                                                            |   | Manufacturer of consumer sewing machines |   | First lien senior secured loan ($174.5 par due 12/2017) |   | 9.19% (Libor + 7.00% Cash, 0.50% PIK/Q) |   | 7/26/2017 |   | 174.5 |  |   | 165.7 |  | (2)(17) |   |
| Varsity Brands Holding Co., Inc., Hercules Achievement, Inc., Hercules Achievement Holdings, Inc. and Hercules VB Holdings, Inc. |   | Leading manufacturer and distributor of textiles, apparel & luxury goods |   | Second lien senior secured loan ($122.7 par due 12/2025) |   | 9.82% (Libor + 8.25%/Q) |   | 12/15/2017 |   | 122.7 |  |   | 122.7 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | Common stock (3,548,841 shares) |   |   |   | 12/11/2014 |   | 3.8 |  |   | 6.1 |  | (2) |   |
|                                                                                                                             |   |   |   | Common stock (3,548,841 shares) |   |   |   | 12/11/2014 |   | 4.3 |  |   | 6.1 |  | (2) |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 130.8 |  |   | 134.9 |  |   |   |
| Woodstream Group, Inc. and Woodstream Corporation (21)                                                                           |   | Pet products manufacturer |   | First lien senior secured loan ($1.0 par due 5/2022) |   | 7.69% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 1.0 |  |   | 1.0 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($2.0 par due 5/2022) |   | 7.69% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 2.0 |  |   | 2.0 |  | (4)(17) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($3.1 par due 5/2022) |   | 7.89% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 3.1 |  |   | 3.1 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($6.2 par due 5/2022) |   | 7.89% (Libor + 6.25%/Q) |   | 6/21/2017 |   | 6.2 |  |   | 6.2 |  | (4)(17) |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 12.3 |  |   | 12.3 |  |   |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 865.8 |  |   | 806.0 |  |   | 11.36 | % |
| Other Services                                                                                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| American Residential Services L.L.C.                                                                                             |   | Heating, ventilation and air conditioning services provider |   | Second lien senior secured loan ($67.0 par due 12/2022) |   | 9.57% (Libor + 8.00%/Q) |   | 6/30/2014 |   | 66.7 |  |   | 66.3 |  | (2)(17) |   |
| Associated Asphalt Partners, LLC                                                                                                 |   | Provider of asphalt terminalling, storage and distribution |   | First lien senior secured loan ($4.2 par due 4/2024) |   | 6.82% (Libor + 5.25%/Q) |   | 3/30/2017 |   | 4.2 |  |   | 3.8 |  | (2)(17) |   |
| Champion Parent Corporation and Calera XVI, LLC (8)                                                                              |   | Endurance sports media and event operator |   | First lien senior secured revolving loan ($0.7 par due 11/2018) |   | — |   | 11/30/2012 |   | — |  |   | — |  | (2)(16) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($5.9 par due 11/2018) |   | — |   | 11/30/2012 |   | 0.9 |  |   | 0.2 |  | (2)(16) |   |
|                                                                                                                             |   |   |   | Preferred shares (18,875 shares) |   |   |   | 3/25/2016 |   | — |  |   | — |  | (2) |   |
|                                                                                                                             |   |   |   | Membership units (2,522,512 units) |   |   |   | 11/30/2012 |   | — |  |   | — |  | (2) |   |
|                                                                                                                             |   |   |   | Common shares (114,000 shares) |   |   |   | 3/25/2016 |   | — |  |   | — |  | (2) |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 0.9 |  |   | 0.2 |  |   |   |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC (7)(21)                                                  |   | Provider of outsourced healthcare linen management solutions |   | First lien senior secured revolving loan ($2.0 par due 12/2021) |   | 7.82% (Libor + 6.25%/Q) |   | 3/13/2014 |   | 2.0 |  |   | 2.0 |  | (2)(17)(20) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($12.0 par due 12/2021) |   | 7.82% (Libor + 6.25%/Q) |   | 4/6/2017 |   | 12.0 |  |   | 12.0 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($5.0 par due 12/2021) |   | 7.82% (Libor + 6.25%/Q) |   | 3/13/2014 |   | 5.0 |  |   | 5.0 |  | (2)(17) |   |
|                                                                                                                             |   |   |   | First lien senior secured loan ($5.2 par due 12/2021) |   | 7.82% (Libor + 6.25%/Q) |   | 3/13/2014 |   | 5.2 |  |   | 5.2 |  | (3)(17) |   |
|                                                                                                                             |   |   |   | Class A preferred units (2,475,000 units) |   |   |   | 3/13/2014 |   | 2.5 |  |   | 3.9 |  | (2) |   |
|                                                                                                                             |   |   |   | Class B common units (275,000 units) |   |   |   | 3/13/2014 |   | 0.3 |  |   | 0.4 |  | (2) |   |
|                                                                                                                             |   |   |   |   |   |   |   |   |   | 27.0 |  |   | 28.5 |  |   |   |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                   |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| CST Buyer Company (d/b/a Intoxalock) (21)                    |   | Provider of ignition interlock devices |   | First lien senior secured loan ($11.3 par due 3/2023) |   | 7.75% (Libor + 6.25%/Q) |   | 3/1/2017 |   | 11.0 |  |   | 11.3 |  | (2)(17) |   |
| Dwyer Acquisition Parent, Inc. and TDG Group Holding Company |   | Operator of multiple franchise concepts primarily related to home maintenance or repairs |   | Senior subordinated loan ($52.7 par due 2/2020) |   | 11.00% |   | 8/15/2014 |   | 52.7 |  |   | 52.7 |  | (2) |   |
|                                                         |   |   |   | Senior subordinated loan ($23.5 par due 2/2020) |   | 11.00% |   | 5/1/2017 |   | 23.5 |  |   | 23.5 |  | (2) |   |
|                                                         |   |   |   | Senior subordinated loan ($31.5 par due 2/2020) |   | 11.00% |   | 6/12/2015 |   | 31.5 |  |   | 31.5 |  | (2) |   |
|                                                         |   |   |   | Common stock (32,843 shares) |   |   |   | 8/15/2014 |   | 2.2 |  |   | 5.1 |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 109.9 |  |   | 112.8 |  |   |   |
| Massage Envy, LLC and ME Equity LLC (21)                     |   | Franchisor in the massage industry |   | First lien senior secured revolving loan ($0.5 par due 9/2020) |   | 8.44% (Libor + 6.75%/Q) |   | 6/28/2017 |   | 0.5 |  |   | 0.5 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.3 par due 9/2020) |   | 8.23% (Libor + 6.75%/Q) |   | 4/12/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($1.0 par due 9/2020) |   | 8.24% (Libor + 6.75%/Q) |   | 4/12/2017 |   | 1.0 |  |   | 1.0 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.1 par due 9/2020) |   | 10.00% (Base Rate + 5.50%/Q) |   | 4/12/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.3 par due 9/2020) |   | 8.11% (Libor + 6.75%/Q) |   | 7/27/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.5 par due 9/2020) |   | 8.23% (Libor + 6.75%/Q) |   | 7/27/2017 |   | 0.5 |  |   | 0.5 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($38.5 par due 9/2020) |   | 8.37% (Libor + 6.75%/Q) |   | 9/27/2012 |   | 38.5 |  |   | 38.5 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($18.7 par due 9/2020) |   | 8.37% (Libor + 6.75%/Q) |   | 9/27/2012 |   | 18.7 |  |   | 18.7 |  | (4)(17) |   |
|                                                         |   |   |   | Common stock (3,000,000 shares) |   |   |   | 9/27/2012 |   | 3.0 |  |   | 4.2 |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 62.9 |  |   | 64.1 |  |   |   |
| McKenzie Sports Products, LLC (21)                           |   | Designer, manufacturer and distributor of hunting-related supplies |   | First lien senior secured revolving loan ($0.9 par due 9/2020) |   | 7.25% (Base Rate + 2.75%/Q) |   | 9/18/2014 |   | 0.9 |  |   | 0.9 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.8 par due 9/2020) |   | 7.44% (Libor + 5.75%/Q) |   | 9/18/2014 |   | 0.8 |  |   | 0.8 |  | (3)(13)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($2.5 par due 9/2020) |   | 5.32% (Libor + 3.75%/Q) |   | 9/18/2014 |   | 2.5 |  |   | 2.5 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($2.2 par due 9/2020) |   | 5.44% (Libor + 3.75%/Q) |   | 9/18/2014 |   | 2.2 |  |   | 2.2 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($84.5 par due 9/2020) |   | 7.44% (Libor + 5.75%/Q) |   | 9/18/2014 |   | 84.5 |  |   | 84.5 |  | (3)(13)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 90.9 |  |   | 90.9 |  |   |   |
| MSHC, Inc. (21)                                              |   | Heating, ventilation and air conditioning services provider |   | First lien senior secured revolving loan ($0.1 par due 7/2022) |   | 7.75% (Base Rate + 3.25%/Q) |   | 7/31/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($1.1 par due 7/2023) |   | 5.92% (Libor + 4.25%/Q) |   | 7/31/2017 |   | 1.1 |  |   | 1.1 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($3.2 par due 7/2023) |   | 5.94% (Libor + 4.25%/Q) |   | 7/31/2017 |   | 3.1 |  |   | 3.2 |  | (2)(17) |   |
|                                                         |   |   |   | Second lien senior secured loan ($46.0 par due 7/2024) |   | 9.94% (Libor + 8.25%/Q) |   | 7/31/2017 |   | 46.0 |  |   | 46.0 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 50.3 |  |   | 50.4 |  |   |   |
| OpenSky Project, Inc. and OSP Holdings, Inc.                 |   | Social commerce platform operator |   | Warrant to purchase up to 159,496 shares of Series D preferred stock (expires 4/2025) |   |   |   | 6/29/2015 |   | — |  |   | — |  | (2) |   |
| Osmose Utilities Services, Inc. (21)                         |   | Provider of structural integrity management services to transmission and distribution infrastructure |   | First lien senior secured revolving loan |   | — |   | 1/3/2017 |   | — |  |   | — |  | (19) |   |
|                                                         |   |   |   | Second lien senior secured loan ($25.0 par due 8/2023) |   | 9.44% (Libor + 7.75%/Q) |   | 9/3/2015 |   | 24.6 |  |   | 25.0 |  | (2)(17) |   |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                   |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                         |   |   |   | Second lien senior secured loan ($34.0 par due 8/2023) |   | 9.44% (Libor + 7.75%/Q) |   | 1/3/2017 |   | 33.4 |  |   | 34.0 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 58.0 |  |   | 59.0 |  |   |   |
| SocialFlow, Inc.                                             |   | Social media optimization platform provider |   | Warrant to purchase up to 215,331 shares of Series C preferred stock (expires 1/2026) |   |   |   | 1/13/2016 |   | — |  |   | — |  | (5) |   |
| SoundCloud Limited (9)                                       |   | Platform for receiving, sending, and distributing music |   | Common stock (73,422 shares) |   |   |   | 8/15/2017 |   | 0.4 |  |   | 0.7 |  | (2) |   |
| Spin HoldCo Inc.                                             |   | Laundry service and equipment provider |   | Second lien senior secured loan ($175.0 par due 5/2023) |   | 9.21% (Libor + 7.75%/Q) |   | 6/23/2017 |   | 175.0 |  |   | 175.0 |  | (2)(17) |   |
| Tyden Cayman Holdings Corp. (9)                              |   | Producer and marketer of global cargo security, product identification and traceability products and utility meter products |   | Preferred stock (46,276 shares) |   |   |   | 1/3/2017 |   | 0.4 |  |   | 0.4 |  |   |   |
|                                                         |   |   |   | Common stock (5,521,203 shares) |   |   |   | 1/3/2017 |   | 2.0 |  |   | 2.9 |  |   |   |
|                                                         |   |   |   |   |   |   |   |   |   | 2.4 |  |   | 3.3 |  |   |   |
| VLS Recovery Services, LLC (21)                              |   | Provider of commercial and industrial waste processing and disposal services |   | First lien senior secured revolving loan ($1.6 par due 10/2023) |   | 7.53% (Libor + 6.00%/Q) |   | 10/17/2017 |   | 1.6 |  |   | 1.6 |  | (2)(17)(20) |   |
|                                                         |   |   |   | First lien senior secured loan ($23.9 par due 10/2023) |   | 7.53% (Libor + 6.00%/Q) |   | 10/17/2017 |   | 23.9 |  |   | 23.7 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($7.4 par due 10/2023) |   | 7.35% (Libor + 6.00%/Q) |   | 10/17/2017 |   | 7.4 |  |   | 7.4 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.1 par due 10/2023) |   | 9.50% (Base Rate + 5.00%/Q) |   | 10/17/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 33.0 |  |   | 32.8 |  |   |   |
| WASH Multifamily Acquisition Inc. and Coinamatic Canada Inc. |   | Laundry service and equipment provider |   | Second lien senior secured loan ($3.7 par due 5/2023) |   | 8.57% (Libor + 7.00%/Q) |   | 5/14/2015 |   | 3.7 |  |   | 3.7 |  | (2)(17) |   |
|                                                         |   |   |   | Second lien senior secured loan ($21.3 par due 5/2023) |   | 8.57% (Libor + 7.00%/Q) |   | 5/14/2015 |   | 21.0 |  |   | 21.1 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 24.7 |  |   | 24.8 |  |   |   |
| Wrench Group LLC (21)                                        |   | Provider of essential home services to residential customers |   | First lien senior secured loan ($4.0 par due 3/2022) |   | 6.19% (Libor + 4.50%/Q) |   | 1/31/2017 |   | 4.0 |  |   | 4.0 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($4.3 par due 3/2022) |   | 5.85% (Libor + 4.50%/Q) |   | 12/15/2017 |   | 4.3 |  |   | 4.3 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 8.3 |  |   | 8.3 |  |   |   |
|                                                         |   |   |   |   |   |   |   |   |   | 725.6 |  |   | 732.2 |  |   | 10.32 | % |
| Manufacturing                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Chariot Acquisition, LLC (21)                                |   | Aftermarket golf cart parts and accessories |   | First lien senior secured loan ($18.4 par due 9/2021) |   | 7.91% (Libor + 6.25%/Q) |   | 1/3/2017 |   | 18.2 |  |   | 18.0 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($9.4 par due 9/2021) |   | 7.91% (Libor + 6.25%/Q) |   | 1/3/2017 |   | 9.3 |  |   | 9.2 |  | (4)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 27.5 |  |   | 27.2 |  |   |   |
| Component Hardware Group, Inc. (21)                          |   | Commercial equipment |   | First lien senior secured revolving loan ($1.9 par due 7/2019) |   | 6.19% (Libor + 4.50%/Q) |   | 7/1/2013 |   | 1.9 |  |   | 1.9 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($7.9 par due 7/2019) |   | 6.19% (Libor + 4.50%/Q) |   | 7/1/2013 |   | 7.9 |  |   | 7.9 |  | (4)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 9.8 |  |   | 9.8 |  |   |   |
| Dorner Holding Corp. (21)                                    |   | Manufacturer of precision unit conveyors |   | First lien senior secured revolving loan ($1.3 par due 3/2022) |   | 7.32% (Libor + 5.75%/Q) |   | 3/15/2017 |   | 1.3 |  |   | 1.3 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($4.4 par due 3/2023) |   | 7.32% (Libor + 5.75%/Q) |   | 3/15/2017 |   | 4.4 |  |   | 4.4 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 5.7 |  |   | 5.7 |  |   |   |
| ECI Purchaser Company, LLC                                   |   | Manufacturer of equipment to safely control pressurized gases |   | First lien senior secured loan ($21.8 par due 12/2018) |   | 7.09% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 21.8 |  |   | 21.5 |  | (2)(17) |   |

----

|                                                              |
|--------------------------------------------------------------|
|                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                   |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                         |   |   |   | First lien senior secured loan ($88.7 par due 12/2018) |   | 6.92% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 88.7 |  |   | 87.8 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($74.8 par due 12/2018) |   | 6.92% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 74.8 |  |   | 74.0 |  | (3)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.3 par due 12/2018) |   | 7.09% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.2 par due 12/2018) |   | 7.09% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 0.2 |  |   | 0.2 |  | (3)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 185.8 |  |   | 183.8 |  |   |   |
| ETG Holdings, Inc. (8)                                       |   | Industrial woven products |   | Common stock (3,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Harvey Tool Company, LLC (21)                                |   | Cutting tool provider to the metalworking industry |   | First lien senior secured revolving loan ($1.8 par due 10/2023) |   | 5.96% (Libor + 4.50%/Q) |   | 10/12/2017 |   | 1.8 |  |   | 1.7 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($40.8 par due 10/2024) |   | 6.11% (Libor + 4.75%/Q) |   | 10/12/2017 |   | 40.8 |  |   | 40.4 |  | (2)(17) |   |
|                                                         |   |   |   | Second lien senior secured loan ($43.7 par due 10/2025) |   | 10.02% (Libor + 8.50%/Q) |   | 10/12/2017 |   | 43.7 |  |   | 43.2 |  | (2)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 86.3 |  |   | 85.3 |  |   |   |
| Ioxus, Inc (7)                                               |   | Energy storage devices |   | First lien senior secured loan ($10.2 par due 12/2019) |   | 12.00% PIK |   | 4/29/2014 |   | 10.0 |  |   | 10.2 |  | (2)(15) |   |
|                                                         |   |   |   | First lien senior secured loan ($1.0 par due 12/2019) |   | — |   | 4/29/2014 |   | 1.0 |  |   | 1.0 |  | (2)(15) |   |
|                                                         |   |   |   | Series CC preferred stock (67,330,609 shares) |   |   |   | 1/27/2017 |   | 0.7 |  |   | — |  | (2) |   |
|                                                         |   |   |   | Warrant to purchase up to 3,038,730 shares of common stock (expires 1/2026) |   |   |   | 1/28/2016 |   | — |  |   | — |  | (2) |   |
|                                                         |   |   |   | Warrant to purchase up to 1,210,235 shares of Series BB preferred stock (expires 8/2026) |   |   |   | 1/28/2016 |   | — |  |   | — |  | (2) |   |
|                                                         |   |   |   | Warrant to purchase up to 336,653,045 shares of Series CC preferred stock (expires 1/2027) |   |   |   | 1/27/2017 |   | — |  |   | — |  | (2) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 11.7 |  |   | 11.2 |  |   |   |
| KPS Global LLC                                               |   | Walk-in cooler and freezer systems |   | First lien senior secured loan ($1.7 par due 4/2022) |   | 3.93% (Libor + 2.50%/Q) |   | 4/5/2017 |   | 1.7 |  |   | 1.7 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($11.2 par due 4/2022) |   | 7.18% (Libor + 5.75%/Q) |   | 4/5/2017 |   | 11.2 |  |   | 11.0 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($5.6 par due 4/2022) |   | 7.18% (Libor + 5.75%/Q) |   | 4/5/2017 |   | 5.6 |  |   | 5.5 |  | (4)(17) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 18.5 |  |   | 18.2 |  |   |   |
| MacLean-Fogg Company and MacLean-Fogg Holdings, L.L.C.       |   | Manufacturer and supplier for the power utility and automotive markets worldwide |   | Senior subordinated loan ($103.0 par due 10/2025) |   | 10.50% Cash, 3.00% PIK |   | 10/31/2013 |   | 103.0 |  |   | 103.0 |  | (2) |   |
|                                                         |   |   |   | Preferred units (70,183 units) |   | 4.50% Cash, 9.25% PIK |   | 10/9/2015 |   | 76.3 |  |   | 76.3 |  |   |   |
|                                                         |   |   |   |   |   |   |   |   |   | 179.3 |  |   | 179.3 |  |   |   |
| Niagara Fiber Intermediate Corp. (21)                        |   | Insoluble fiber filler products |   | First lien senior secured revolving loan ($0.9 par due 5/2018) |   | — |   | 5/8/2014 |   | — |  |   | — |  | (2)(16) |   |
|                                                         |   |   |   | First lien senior secured loan ($5.9 par due 5/2018) |   | — |   | 5/8/2014 |   | 0.2 |  |   | — |  | (2)(16) |   |
|                                                         |   |   |   | First lien senior secured loan ($0.6 par due 5/2018) |   | — |   | 5/8/2014 |   | — |  |   | — |  | (2)(16) |   |
|                                                         |   |   |   |   |   |   |   |   |   | 0.2 |  |   | — |  |   |   |
| Nordco Inc. (21)                                             |   | Railroad maintenance-of-way machinery |   | First lien senior secured revolving loan |   | — |   | 8/26/2015 |   | — |  |   | — |  | (19) |   |
| Pelican Products, Inc.                                       |   | Flashlights |   | Second lien senior secured loan ($40.0 par due 4/2021) |   | 9.94% (Libor + 8.25%/Q) |   | 4/11/2014 |   | 40.0 |  |   | 39.6 |  | (2)(17) |   |
| Sanders Industries Holdings, Inc. and SI Holdings, Inc. (21) |   | Elastomeric parts, mid-sized composite structures, and composite tooling |   | First lien senior secured loan ($56.5 par due 5/2020) |   | 7.38% (Libor + 6.00%/Q) |   | 7/21/2017 |   | 56.5 |  |   | 55.4 |  | (2)(17) |   |
|                                                         |   |   |   | First lien senior secured loan ($14.8 par due 5/2020) |   | 7.38% (Libor + 6.00%/Q) |   | 7/21/2017 |   | 14.8 |  |   | 14.5 |  | (4)(17) |   |

----

|                                                                                                                                    |
|------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                         |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                                                                               |   |   |   | Common stock (1,500 shares) |   |   |   | 5/30/2014 |   | 1.5 |  |   | 0.8 |  | (2) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 72.8 |  |   | 70.7 |  |   |   |
| Saw Mill PCG Partners LLC                                                                                                          |   | Metal precision engineered components |   | Common units (1,000 units) |   |   |   | 1/30/2007 |   | 1.0 |  |   | — |  | (2) |   |
| Sonny's Enterprises, LLC (21)                                                                                                      |   | Manufacturer and supplier of car wash equipment, parts and supplies to the conveyorized car wash market |   | First lien senior secured revolving loan ($1.0 par due 12/2022) |   | 6.30% (Libor + 4.75%/Q) |   | 11/30/2017 |   | 1.0 |  |   | 1.0 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($0.9 par due 12/2022) |   | 6.44% (Libor + 4.75%/Q) |   | 12/5/2017 |   | 0.9 |  |   | 0.9 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($0.4 par due 12/2022) |   | 6.44% (Libor + 4.75%/Q) |   | 6/1/2017 |   | 0.4 |  |   | 0.4 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($0.2 par due 12/2022) |   | 6.44% (Libor + 4.75%/Q) |   | 5/3/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($0.2 par due 12/2022) |   | 6.44% (Libor + 4.75%/Q) |   | 9/28/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 2.7 |  |   | 2.7 |  |   |   |
| Sunk Rock Foundry Partners LP, Hatteras Electrical Manufacturing Holding Company and Sigma Electric Manufacturing Corporation (21) |   | Manufacturer of metal castings, precision machined components and sub-assemblies in the electrical products, power transmission and distribution and general industrial markets |   | First lien senior secured revolving loan ($1.5 par due 10/2022) |   | 6.16% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 1.5 |  |   | 1.5 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($16.4 par due 10/2023) |   | 6.13% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 16.4 |  |   | 16.2 |  | (2)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($9.3 par due 10/2023) |   | 6.13% (Libor + 4.75%/Q) |   | 10/31/2017 |   | 9.3 |  |   | 9.2 |  | (2)(17) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 27.2 |  |   | 26.9 |  |   |   |
| TPTM Merger Corp. (21)                                                                                                             |   | Time temperature indicator products |   | First lien senior secured loan ($10.5 par due 9/2018) |   | 9.98% (Libor + 8.42%/Q) |   | 9/12/2013 |   | 10.5 |  |   | 10.5 |  | (3)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($6.2 par due 9/2018) |   | 9.98% (Libor + 8.42%/Q) |   | 9/12/2013 |   | 6.2 |  |   | 6.2 |  | (4)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($6.5 par due 9/2018) |   | 10.11% (Libor + 8.42%/Q) |   | 9/12/2013 |   | 6.5 |  |   | 6.5 |  | (3)(17) |   |
|                                                                                                                               |   |   |   | First lien senior secured loan ($3.8 par due 9/2018) |   | 10.11% (Libor + 8.42%/Q) |   | 9/12/2013 |   | 3.8 |  |   | 3.8 |  | (4)(17) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 27.0 |  |   | 27.0 |  |   |   |
| WP CPP Holdings, LLC                                                                                                               |   | Precision engineered castings |   | Second lien senior secured loan ($19.7 par due 4/2021) |   | 9.13% (Libor + 7.75%/Q) |   | 1/3/2017 |   | 18.8 |  |   | 19.3 |  | (2)(17) |   |
|                                                                                                                               |   |   |   |   |   |   |   |   |   | 714.3 |  |   | 706.7 |  |   | 9.96 | % |
| Investment Funds and Vehicles                                                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACAS Equity Holdings Corporation (8)(10)                                                                                           |   | Investment company |   | Common stock (589 shares) |   |   |   | 1/3/2017 |   | 0.5 |  |   | 0.4 |  |   |   |
| Ares IIIR/IVR CLO Ltd. (8)(9)(10)                                                                                                  |   | Investment vehicle |   | Subordinated notes ($20.0 par due 4/2021) |   |   |   | 1/3/2017 |   | — |  |   | 0.1 |  |   |   |
| Blue Wolf Capital Fund II, L.P. (9)(10)                                                                                            |   | Investment partnership |   | Limited partnership interest (8.50% interest) |   |   |   | 1/3/2017 |   | 3.0 |  |   | 3.5 |  | (24) |   |
| Carlyle Global Market Strategies CLO 2013-3 (9)(10)                                                                                |   | Investment vehicle |   | Subordinated notes ($5.0 par due 10/2030) |   | 15.00% |   | 1/3/2017 |   | 2.6 |  |   | 3.2 |  |   |   |
| Cent CLO 2014-22 Limited (9)(10)                                                                                                   |   | Investment vehicle |   | Subordinated notes ($45.4 par due 11/2026) |   | 11.75% |   | 1/3/2017 |   | 23.6 |  |   | 22.7 |  |   |   |
| Centurion CDO 8 Limited (9)(10)                                                                                                    |   | Investment vehicle |   | Subordinated notes ($5.0 par due 3/2019) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CGMS 2015-3A (9)(10)                                                                                                               |   | Investment vehicle |   | Subordinated notes ($24.6 par due 7/2028) |   | 10.00% |   | 1/3/2017 |   | 19.2 |  |   | 18.9 |  |   |   |
| CoLTs 2005-1 Ltd. (8)(9)(10)                                                                                                       |   | Investment vehicle |   | Preferred shares (360 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CoLTs 2005-2 Ltd. (8)(9)(10)                                                                                                       |   | Investment vehicle |   | Preferred shares (34,170,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| CREST Exeter Street Solar 2004-1 (9)(10)                                                                                           |   | Investment vehicle |   | Preferred shares (3,500,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Eaton Vance CDO X plc (9)(10)                                                                                                      |   | Investment vehicle |   | Subordinated notes ($15.0 par due 2/2027) |   | 3.00% |   | 1/3/2017 |   | 4.1 |  |   | 6.4 |  |   |   |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| European Capital UK SME Debt LP (8)(9)(10)(22)            |   | Investment partnership |   | Limited partnership interest (45% interest) |   |   |   | 1/3/2017 |   | 41.1 |  |   | 41.7 |  |   |   |
| Flagship CLO V (9)(10)                                    |   | Investment vehicle |   | Subordinated notes ($0.0 par due 9/2019) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Goldentree Loan Opportunities VII, Limited (9)(10)        |   | Investment vehicle |   | Subordinated notes ($35.3 par due 4/2025) |   | 4.25% |   | 1/3/2017 |   | 18.7 |  |   | 19.1 |  |   |   |
| Halcyon Loan Advisors Funding 2015-2 Ltd. (9)(10)         |   | Investment vehicle |   | Subordinated notes ($21.7 par due 7/2027) |   | 16.35% |   | 1/3/2017 |   | 14.0 |  |   | 11.3 |  |   |   |
| HCI Equity, LLC (8)(9)(10)                                |   | Investment company |   | Member interest (100.00% interest) |   |   |   | 4/1/2010 |   | — |  |   | 0.1 |  | (24) |   |
| Herbert Park B.V. (9)(10)                                 |   | Investment vehicle |   | Subordinated notes ($5.4 par due 10/2026) |   |   |   | 1/3/2017 |   | 0.9 |  |   | 0.5 |  |   |   |
| Imperial Capital Private Opportunities, LP (10)           |   | Investment partnership |   | Limited partnership interest (80.00% interest) |   |   |   | 5/10/2007 |   | 1.0 |  |   | 15.1 |  | (2) |   |
| LightPoint CLO VII, Ltd. (9)(10)                          |   | Investment vehicle |   | Subordinated notes ($9.0 par due 5/2021) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Montgomery Lane, LLC and Montgomery Lane, Ltd. (8)(9)(10) |   | Investment company |   | Common stock (100 shares) |   |   |   | 1/3/2017 |   | — |  |   | 0.6 |  |   |   |
|                                                      |   |   |   | Common stock (50,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                      |   |   |   |   |   |   |   |   |   | — |  |   | 0.6 |  |   |   |
| OAKC 2015-11 (9)(10)                                      |   | Investment vehicle |   | Subordinated notes ($17.8 par due 10/2028) |   | 9.50% |   | 1/3/2017 |   | 14.3 |  |   | 13.0 |  |   |   |
| Partnership Capital Growth Fund I, L.P. (10)              |   | Investment partnership |   | Limited partnership interest (25.00% interest) |   |   |   | 6/16/2006 |   | — |  |   | 0.1 |  | (2)(24) |   |
| Partnership Capital Growth Investors III, L.P. (10)(22)   |   | Investment partnership |   | Limited partnership interest (2.50% interest) |   |   |   | 10/5/2011 |   | 2.5 |  |   | 3.5 |  | (2)(24) |   |
| PCG-Ares Sidecar Investment II, L.P. (10)(22)             |   | Investment partnership |   | Limited partnership interest (100.00% interest) |   |   |   | 10/31/2014 |   | 7.5 |  |   | 11.7 |  | (2) |   |
| PCG-Ares Sidecar Investment, L.P. (10)(22)                |   | Investment partnership |   | Limited partnership interest (100.00% interest) |   |   |   | 5/22/2014 |   | 4.4 |  |   | 5.1 |  | (2) |   |
| Piper Jaffray Merchant Banking Fund I, L.P. (10)(22)      |   | Investment partnership |   | Limited partnership interest (2.00% interest) |   |   |   | 8/16/2012 |   | 1.5 |  |   | 1.6 |  | (24) |   |
| Qualium Investissement (9)(10)                            |   | Investment partnership |   | Class A common stock (9,900,000 shares) |   |   |   | 1/3/2017 |   | 5.9 |  |   | 6.5 |  | (24) |   |
|                                                      |   |   |   | Class B common stock (100,000 shares) |   |   |   | 1/3/2017 |   | 0.1 |  |   | 0.1 |  | (24) |   |
|                                                      |   |   |   | Class C common stock (48,939 shares) |   |   |   | 1/3/2017 |   | 0.1 |  |   | 0.1 |  | (24) |   |
|                                                      |   |   |   |   |   |   |   |   |   | 6.1 |  |   | 6.7 |  |   |   |
| Senior Direct Lending Program, LLC (8)(10)(23)            |   | Co-investment vehicle |   | Subordinated certificates ($487.1 par due 12/2036) |   | 9.34% (Libor + 8.00%/Q)(18) |   | 7/27/2016 |   | 487.1 |  |   | 487.1 |  |   |   |
|                                                      |   |   |   | Member interest (87.50% interest) |   |   |   | 7/27/2016 |   | — |  |   | — |  |   |   |
|                                                      |   |   |   |   |   |   |   |   |   | 487.1 |  |   | 487.1 |  |   |   |
| Vitesse CLO, Ltd. (9)(10)                                 |   | Investment vehicle |   | Preferred shares (20,000,000 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Voya CLO 2014-4 Ltd. (9)(10)                              |   | Investment vehicle |   | Subordinated notes ($26.7 par due 10/2026) |   | 10.50% |   | 1/3/2017 |   | 17.0 |  |   | 18.6 |  |   |   |
| VSC Investors LLC (10)                                    |   | Investment company |   | Membership interest (1.95% interest) |   |   |   | 1/24/2008 |   | 0.3 |  |   | 1.3 |  | (2)(24) |   |
|                                                      |   |   |   |   |   |   |   |   |   | 669.4 |  |   | 692.3 |  |   | 9.75 | % |
| Financial Services                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Callidus Capital Corporation (8)                          |   | Asset management services |   | Common stock (100 shares) |   |   |   | 4/1/2010 |   | 3.0 |  |   | 1.7 |  |   |   |
| Ciena Capital LLC (8)(21)                                 |   | Real estate and small business loan servicer |   | First lien senior secured revolving loan ($14.0 par due 12/2017) |   | 6.00% |   | 11/29/2010 |   | 14.0 |  |   | 14.0 |  | (2) |   |
|                                                      |   |   |   | Equity interests |   |   |   | 11/29/2010 |   | 25.0 |  |   | 18.3 |  | (2) |   |
|                                                      |   |   |   |   |   |   |   |   |   | 39.0 |  |   | 32.3 |  |   |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                           |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Commercial Credit Group, Inc.                                        |   | Commercial equipment finance and leasing company |   | Senior subordinated loan ($28.0 par due 8/2022) |   | 11.11% (Libor + 9.75%/Q) |   | 5/10/2012 |   | 28.0 |  |   | 28.0 |  | (2)(17) |   |
| DFC Global Facility Borrower II LLC (21)                             |   | Non-bank provider of alternative financial services |   | First lien senior secured revolving loan ($75.0 par due 9/2022) |   | 12.11% (Libor + 10.75%/Q) |   | 9/27/2017 |   | 75.0 |  |   | 75.0 |  | (2)(17) |   |
| Financial Asset Management Systems, Inc. and FAMS Holdings, Inc. (7) |   | Debt collection services provider |   | Common stock (180 shares) |   |   |   | 1/11/2017 |   | — |  |   | — |  | (2) |   |
| Gordian Group, LLC                                                   |   | Provider of products, services and software to organizations pursuing efficient and effective procurement and information solutions |   | Common stock (526 shares) |   |   |   | 11/30/2012 |   | — |  |   | — |  | (2) |   |
| Imperial Capital Group LLC                                           |   | Investment services |   | Class A common units (24,945 units) |   |   |   | 5/10/2007 |   | 6.1 |  |   | 10.2 |  | (2) |   |
|                                                                 |   |   |   | 2006 Class B common units (8,173 units) |   |   |   | 5/10/2007 |   | — |  |   | — |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 6.1 |  |   | 10.2 |  |   |   |
| Ivy Hill Asset Management, L.P. (8)(10)                              |   | Asset management services |   | Member interest (100.00% interest) |   |   |   | 6/15/2009 |   | 244.0 |  |   | 315.1 |  |   |   |
| Javlin Three LLC, Javlin Four LLC, and Javlin Five LLC (10)          |   | Asset-backed financial services company |   | First lien senior secured loan ($18.6 par due 6/2017) |   | 11.36% (Libor + 10.00%/Q) |   | 6/24/2014 |   | 18.6 |  |   | 16.8 |  | (2)(17) |   |
| LS DE LLC and LM LSQ Investors LLC (10)                              |   | Asset based lender |   | Senior subordinated loan ($3.0 par due 6/2021) |   | 10.50% |   | 6/15/2017 |   | 3.0 |  |   | 3.0 |  | (2) |   |
|                                                                 |   |   |   | Senior subordinated loan ($27.0 par due 6/2021) |   | 10.50% |   | 6/25/2015 |   | 27.0 |  |   | 27.0 |  | (2) |   |
|                                                                 |   |   |   | Membership units (3,275,000 units) |   |   |   | 6/25/2015 |   | 3.3 |  |   | 3.9 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 33.3 |  |   | 33.9 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 447.0 |  |   | 513.0 |  |   | 7.23 | % |
| Food and Beverage                                                    |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| American Seafoods Group LLC and American Seafoods Partners LLC       |   | Harvester and processor of seafood |   | Second lien senior secured loan ($87.0 par due 2/2024) |   | 9.57% (Libor + 8.13%/Q) |   | 8/21/2017 |   | 86.8 |  |   | 87.0 |  | (2)(17) |   |
|                                                                 |   |   |   | Class A units (77,922 units) |   |   |   | 8/19/2015 |   | 0.1 |  |   | 0.1 |  | (2) |   |
|                                                                 |   |   |   | Warrant to purchase up to 7,422,078 Class A units (expires 8/2035) |   |   |   | 8/19/2015 |   | 7.4 |  |   | 10.1 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 94.3 |  |   | 97.2 |  |   |   |
| Bakemark Holdings, Inc.                                              |   | Manufacturer and distributor of specialty bakery ingredients |   | First lien senior secured loan ($1.7 par due 8/2023) |   | 6.94% (Libor + 5.25%/Q) |   | 8/14/2017 |   | 1.7 |  |   | 1.7 |  | (2)(17) |   |
| DecoPac, Inc. (21)                                                   |   | Supplier of cake decorating solutions and products to in-store bakeries |   | First lien senior secured revolving loan ($2.3 par due 9/2023) |   | 5.94% (Libor + 4.25%/Q) |   | 9/29/2017 |   | 2.3 |  |   | 2.2 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured revolving loan ($0.3 par due 9/2023) |   | 5.89% (Libor + 4.25%/Q) |   | 9/29/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($8.4 par due 9/2024) |   | 5.94% (Libor + 4.25%/Q) |   | 9/29/2017 |   | 8.4 |  |   | 8.3 |  | (2)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 11.0 |  |   | 10.8 |  |   |   |
| Eagle Family Foods Group LLC                                         |   | Manufacturer and producer of milk products |   | First lien senior secured loan ($0.2 par due 12/2021) |   | 5.69% (Libor + 4.00%/Q) |   | 8/29/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($7.9 par due 12/2021) |   | 10.74% (Libor + 9.05%/Q) |   | 9/11/2017 |   | 7.8 |  |   | 7.5 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($1.4 par due 12/2021) |   | 10.74% (Libor + 9.05%/Q) |   | 8/22/2016 |   | 1.4 |  |   | 1.3 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($20.2 par due 12/2021) |   | 10.74% (Libor + 9.05%/Q) |   | 8/22/2016 |   | 20.2 |  |   | 19.2 |  | (3)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($54.8 par due 12/2021) |   | 10.74% (Libor + 9.05%/Q) |   | 12/31/2015 |   | 54.5 |  |   | 52.0 |  | (3)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 84.1 |  |   | 80.2 |  |   |   |
| Edward Don & Company, LLC and VCP-EDC Co-Invest, LLC             |   | Distributor of foodservice equipment and supplies |   | First lien senior secured loan ($47.6 par due 9/2022) |   | 10.00% (Libor + 8.50%/Q) |   | 3/31/2017 |   | 47.6 |  |   | 47.6 |  | (2)(17) |   |

----

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|                                                                          |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                               |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                     |   |   |   | Membership units (2,970,000 units) |   |   |   | 6/9/2017 |   | 3.0 |  |   | 3.4 |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 50.6 |  |   | 51.0 |  |   |   |
| FPI Holding Corporation (8)(21)                                          |   | Distributor of fruits |   | First lien senior secured loan ($0.7 par due 6/2018) |   | — |   | 1/3/2017 |   | 0.4 |  |   | 0.4 |  | (16) |   |
| Gehl Foods, LLC and GF Parent LLC                                        |   | Producer of low-acid, aseptic food and beverage products |   | First lien senior secured loan ($120.7 par due 6/2019) |   | 7.88% (Libor + 6.50%/Q) |   | 7/26/2017 |   | 120.7 |  |   | 120.7 |  | (2)(17) |   |
|                                                                     |   |   |   | Class A preferred units (2,940 units) |   |   |   | 5/13/2015 |   | 2.9 |  |   | 1.9 |  | (2) |   |
|                                                                     |   |   |   | Class A common units (60,000 units) |   |   |   | 5/13/2015 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                     |   |   |   | Class B common units (0.26 units) |   |   |   | 5/13/2015 |   | — |  |   | — |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 123.7 |  |   | 122.6 |  |   |   |
| JWC/KI Holdings, LLC                                                     |   | Foodservice sales and marketing agency |   | Membership units (5,000 units) |   |   |   | 11/16/2015 |   | 5.0 |  |   | 5.3 |  | (2) |   |
| Kettle Cuisine, LLC                                                      |   | Manufacturer of fresh refrigerated and frozen food products |   | Second lien senior secured loan ($28.5 par due 2/2022) |   | 11.21% (Libor + 9.75%/Q) |   | 8/21/2015 |   | 28.5 |  |   | 28.5 |  | (2)(17) |   |
| NECCO Holdings, Inc. and New England Confectionery Company, Inc. (8)(21) |   | Producer and supplier of candy |   | First lien senior secured revolving loan ($21.7 par due 1/2018) |   | — |   | 1/3/2017 |   | 9.7 |  |   | 9.2 |  | (16) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.6 par due 8/2018) |   | — |   | 11/20/2017 |   | 0.6 |  |   | — |  | (16) |   |
|                                                                     |   |   |   | First lien senior secured loan ($10.9 par due 1/2018) |   | — |   | 1/3/2017 |   | 0.9 |  |   | 1.3 |  | (16) |   |
|                                                                     |   |   |   | First lien senior secured loan ($0.7 par due 1/2018) |   | — |   | 11/20/2017 |   | 0.7 |  |   | 0.1 |  | (16) |   |
|                                                                     |   |   |   | Common stock (860,189 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 11.9 |  |   | 10.6 |  |   |   |
| RF HP SCF Investor, LLC (10)                                             |   | Branded specialty food company |   | Membership interest (10.08% interest) |   |   |   | 12/22/2016 |   | 12.5 |  |   | 14.4 |  | (2) |   |
| Teasdale Foods, Inc. (21)                                                |   | Provider of beans, sauces and hominy to the retail, foodservice and wholesale channels |   | First lien senior secured revolving loan ($0.2 par due 10/2020) |   | 6.18% (Libor + 4.75%/Q) |   | 6/30/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                     |   |   |   | First lien senior secured revolving loan ($0.2 par due 10/2020) |   | 8.25% (Base Rate + 3.75%/Q) |   | 6/30/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                                     |   |   |   | Second lien senior secured loan ($33.6 par due 10/2021) |   | 10.44% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 33.6 |  |   | 33.3 |  | (2)(17) |   |
|                                                                     |   |   |   | Second lien senior secured loan ($21.3 par due 10/2021) |   | 10.11% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 21.3 |  |   | 21.1 |  | (2)(17) |   |
|                                                                     |   |   |   | Second lien senior secured loan ($31.5 par due 10/2021) |   | 10.13% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 31.5 |  |   | 31.2 |  | (2)(17) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 86.8 |  |   | 86.0 |  |   |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 510.5 |  |   | 508.7 |  |   | 7.17 | % |
| Power Generation                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Alphabet Energy, Inc.                                                    |   | Technology developer to convert waste-heat into electricity |   | First lien senior secured loan ($3.4 par due 8/2017) |   |   |   | 12/16/2013 |   | 3.3 |  |   | 0.4 |  | (2)(16) |   |
|                                                                     |   |   |   | Series 1B preferred stock (12,976 shares) |   |   |   | 6/21/2016 |   | 0.2 |  |   | — |  | (2) |   |
|                                                                     |   |   |   | Warrant to purchase up to 125,000 shares of Series 2 preferred stock (expires 12/2023) |   |   |   | 6/30/2016 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 3.6 |  |   | 0.4 |  |   |   |
| CPV Maryland Holding Company II, LLC                                     |   | Gas turbine power generation facilities operator |   | Senior subordinated loan ($46.1 par due 12/2020) |   | 5.00% Cash, 5.00% PIK |   | 8/8/2014 |   | 46.1 |  |   | 42.4 |  | (2) |   |
|                                                                     |   |   |   | Warrant to purchase up to 4 units of common stock (expires 8/2018) |   |   |   | 8/8/2014 |   | — |  |   | — |  | (2) |   |
|                                                                     |   |   |   |   |   |   |   |   |   | 46.1 |  |   | 42.4 |  |   |   |

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|                                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                              |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| DESRI VI Management Holdings, LLC                                                       |   | Wind power generation facility operator |   | Senior subordinated loan ($13.9 par due 12/2021) |   | 10.00% |   | 12/24/2014 |   | 13.9 |  |   | 13.9 |  | (2) |   |
| Green Energy Partners, Stonewall LLC and Panda Stonewall Intermediate Holdings II LLC   |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($24.9 par due 11/2021) |   | 7.19% (Libor + 5.50%/Q) |   | 11/13/2014 |   | 24.8 |  |   | 24.4 |  | (2)(17) |   |
|                                                                                    |   |   |   | Senior subordinated loan ($20.2 par due 12/2021) |   | 8.00% Cash, 5.25% PIK |   | 11/13/2014 |   | 20.2 |  |   | 19.5 |  | (2) |   |
|                                                                                    |   |   |   | Senior subordinated loan ($94.6 par due 12/2021) |   | 8.00% Cash, 5.25% PIK |   | 11/13/2014 |   | 94.6 |  |   | 91.3 |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 139.6 |  |   | 135.2 |  |   |   |
| Joule Unlimited Technologies, Inc. and Stichting Joule Global Foundation                |   | Renewable fuel and chemical production developer |   | First lien senior secured loan ($8.3 par due 10/2018) |   | — |   | 3/31/2015 |   | 7.9 |  |   | 0.4 |  | (2)(16) |   |
|                                                                                    |   |   |   | Warrant to purchase up to 32,051 shares of Series C-2 preferred stock (expires 7/2023) |   |   |   | 7/25/2013 |   | — |  |   | — |  | (2)(9) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 7.9 |  |   | 0.4 |  |   |   |
| Moxie Patriot LLC                                                                       |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($33.9 par due 12/2020) |   | 7.44% (Libor + 5.75%/Q) |   | 12/19/2013 |   | 33.8 |  |   | 33.4 |  | (2)(17) |   |
| Navisun LLC and Navisun Holdings LLC (8)(21)                                            |   | Owner and operater of commercial and industrial solar projects |   | First lien senior secured loan ($2.6 par due 11/2023) |   | 8.00% PIK |   | 11/15/2017 |   | 2.6 |  |   | 2.6 |  | (2) |   |
|                                                                                    |   |   |   | Series A Preferred units (1,000 units) |   | 10.50% PIK |   | 11/15/2017 |   | 0.3 |  |   | 0.3 |  | (2) |   |
|                                                                                    |   |   |   | Class A units (550 units) |   |   |   | 11/15/2017 |   | — |  |   | — |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 2.9 |  |   | 2.9 |  |   |   |
| Panda Liberty LLC (fka Moxie Liberty LLC)                                               |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($5.0 par due 8/2020) |   | 8.19% (Libor + 6.50%/Q) |   | 5/8/2017 |   | 4.6 |  |   | 4.6 |  | (2)(17) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($34.4 par due 8/2020) |   | 8.19% (Libor + 6.50%/Q) |   | 8/21/2013 |   | 34.2 |  |   | 31.6 |  | (2)(17) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 38.8 |  |   | 36.2 |  |   |   |
| Panda Temple Power II, LLC                                                              |   | Gas turbine power generation facilities operator |   | First lien senior secured loan ($19.6 par due 4/2019) |   | 7.69% (Libor + 6.00%/Q) |   | 4/3/2013 |   | 19.6 |  |   | 17.4 |  | (2)(17) |   |
| Panda Temple Power, LLC                                                                 |   | Gas turbine power generation facilities operator |   | First lien senior secured revolving loan ($2.3 par due 4/2018) |   | 10.35% (Libor + 9.00%/Q) |   | 4/28/2017 |   | 2.3 |  |   | 2.3 |  | (2)(17) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($24.8 par due 3/2022) |   | — |   | 3/6/2015 |   | 23.6 |  |   | 18.4 |  | (2)(16) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 25.9 |  |   | 20.7 |  |   |   |
| PERC Holdings 1 LLC                                                                     |   | Operator of recycled energy, combined heat and power, and energy efficiency facilities |   | Class B common units (21,653,543 units) |   |   |   | 10/20/2014 |   | 21.7 |  |   | 24.0 |  | (2) |   |
| Riverview Power LLC                                                                     |   | Operator of natural gas and oil fired power generation facilities |   | First lien senior secured loan ($98.1 par due 12/2022) |   | 9.69% (Libor + 8.00%/Q) |   | 12/29/2016 |   | 95.9 |  |   | 98.2 |  | (2)(17) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 449.7 |  |   | 425.1 |  |   | 5.99 | % |
| Restaurants and Food Services                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. (8)(21) |   | Restaurant owner and operator |   | First lien senior secured loan ($3.7 par due 12/2018) |   | 19.67% PIK (Libor + 18.00%/Q) |   | 12/22/2016 |   | 3.7 |  |   | 3.7 |  | (2)(17) |   |
|                                                                                    |   |   |   | First lien senior secured loan ($49.3 par due 12/2018) |   | — |   | 11/27/2006 |   | 39.9 |  |   | 12.3 |  | (2)(16) |   |
|                                                                                    |   |   |   | Promissory note ($29.2 par due 12/2023) |   |   |   | 11/27/2006 |   | 13.8 |  |   | — |  | (2) |   |
|                                                                                    |   |   |   | Warrant to purchase up to 0.95 units of Series D common stock (expires 12/2023) |   |   |   | 12/18/2013 |   | — |  |   | — |  | (2) |   |
|                                                                                    |   |   |   |   |   |   |   |   |   | 57.4 |  |   | 16.0 |  |   |   |

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|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                  |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Benihana, Inc. (21)                                         |   | Restaurant owner and operator |   | First lien senior secured revolving loan ($0.5 par due 7/2018) |   | 8.57% (Libor + 7.00%/Q) |   | 8/21/2012 |   | 0.5 |  |   | 0.5 |  | (2)(17)(20) |   |
|                                                        |   |   |   | First lien senior secured revolving loan ($1.1 par due 7/2018) |   | 8.69% (Libor + 7.00%/Q) |   | 8/21/2012 |   | 1.1 |  |   | 1.1 |  | (2)(17)(20) |   |
|                                                        |   |   |   | First lien senior secured revolving loan ($1.0 par due 7/2018) |   | 10.25% (Base Rate + 5.75%/Q) |   | 8/21/2012 |   | 1.0 |  |   | 0.9 |  | (2)(17)(20) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.3 par due 1/2019) |   | 8.59% (Libor + 7.00%/Q) |   | 12/28/2016 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($4.7 par due 1/2019) |   | 8.59% (Libor + 7.00%/Q) |   | 8/21/2012 |   | 4.7 |  |   | 4.5 |  | (4)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 7.6 |  |   | 7.3 |  |   |   |
| Cozzini Bros., Inc. and BH-Sharp Holdings LP (21)           |   | Provider of commercial knife sharpening and cutlery services in the restaurant industry |   | First lien senior secured loan ($1.9 par due 3/2023) |   | 7.07% (Libor + 5.50%/Q) |   | 3/10/2017 |   | 1.9 |  |   | 1.9 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($1.2 par due 3/2023) |   | 6.92% (Libor + 5.50%/Q) |   | 3/10/2017 |   | 1.2 |  |   | 1.2 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($19.3 par due 3/2023) |   | 6.92% (Libor + 5.50%/Q) |   | 3/10/2017 |   | 19.3 |  |   | 19.3 |  | (4)(17) |   |
|                                                        |   |   |   | Common units (2,950,000 units) |   |   |   | 3/10/2017 |   | 3.0 |  |   | 2.8 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 25.4 |  |   | 25.2 |  |   |   |
| FWR Holding Corporation (21)                                |   | Restaurant owner, operator, and franchisor |   | First lien senior secured revolving loan ($0.3 par due 8/2023) |   | 7.57% (Libor + 6.00%/Q) |   | 8/21/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.2 par due 8/2023) |   | 7.60% (Libor + 6.00%/Q) |   | 8/21/2017 |   | 0.2 |  |   | 0.2 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($2.0 par due 8/2023) |   | 7.32% (Libor + 6.00%/Q) |   | 8/21/2017 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($2.0 par due 8/2023) |   | 7.48% (Libor + 6.00%/Q) |   | 8/21/2017 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 4.5 |  |   | 4.5 |  |   |   |
| Garden Fresh Restaurant Corp. and GFRC Holdings LLC (8)(21) |   | Restaurant owner and operator |   | First lien senior secured revolving loan ($0.1 par due 2/2022) |   | 9.50% (Libor + 8.00%/Q) |   | 2/1/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17)(20) |   |
|                                                        |   |   |   | First lien senior secured loan ($24.9 par due 2/2022) |   | 9.50% (Libor + 8.00%/Q) |   | 10/3/2013 |   | 24.9 |  |   | 24.9 |  | (2)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 25.0 |  |   | 25.0 |  |   |   |
| Global Franchise Group, LLC (21)                            |   | Worldwide franchisor of quick service restaurants |   | First lien senior secured loan ($8.7 par due 12/2019) |   | 7.44% (Libor + 5.75%/Q) |   | 9/15/2017 |   | 8.7 |  |   | 8.6 |  | (2)(17) |   |
| Heritage Food Service Group, Inc. and WCI-HFG Holdings, LLC |   | Distributor of repair and replacement parts for commercial kitchen equipment |   | Second lien senior secured loan ($31.6 par due 10/2022) |   | 9.92% (Libor + 8.50%/Q) |   | 10/20/2015 |   | 31.6 |  |   | 31.6 |  | (2)(17) |   |
|                                                        |   |   |   | Preferred units (3,000,000 units) |   |   |   | 10/20/2015 |   | 3.0 |  |   | 3.6 |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 34.6 |  |   | 35.2 |  |   |   |
| Hojeij Branded Foods, LLC (21)                              |   | Leading operator of airport concessions across the U.S. |   | First lien senior secured loan ($0.3 par due 7/2022) |   | 7.29% (Libor + 6.00%/Q) |   | 7/20/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($6.3 par due 7/2022) |   | 7.57% (Libor + 6.00%/Q) |   | 7/20/2017 |   | 6.2 |  |   | 6.3 |  | (4)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 6.5 |  |   | 6.6 |  |   |   |
| Jim N Nicks Management, LLC (21)                            |   | Restaurant owner and operator |   | First lien senior secured revolving loan ($1.2 par due 7/2023) |   | 6.71% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 1.2 |  |   | 1.2 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured revolving loan ($0.5 par due 7/2023) |   | 6.64% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 0.5 |  |   | 0.5 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.6 par due 7/2023) |   | 6.63% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.6 par due 7/2023) |   | 6.94% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($14.1 par due 7/2023) |   | 6.94% (Libor + 5.25%/Q) |   | 7/10/2017 |   | 14.1 |  |   | 13.8 |  | (4)(17) |   |

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|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                      |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                            |   |   |   |   |   |   |   |   |   | 17.0 |  |   | 16.7 |  |   |   |
| Orion Foods, LLC (8)                            |   | Convenience food service retailer |   | First lien senior secured loan ($1.2 par due 9/2015) |   | — |   | 4/1/2010 |   | 1.2 |  |   | 0.5 |  | (2)(16) |   |
|                                            |   |   |   | Second lien senior secured loan ($19.4 par due 9/2015) |   | — |   | 4/1/2010 |   | — |  |   | — |  | (2)(16) |   |
|                                            |   |   |   | Preferred units (10,000 units) |   |   |   | 10/28/2010 |   | — |  |   | — |  | (2) |   |
|                                            |   |   |   | Class A common units (25,001 units) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
|                                            |   |   |   | Class B common units (1,122,452 units) |   |   |   | 4/1/2010 |   | — |  |   | — |  | (2) |   |
|                                            |   |   |   |   |   |   |   |   |   | 1.2 |  |   | 0.5 |  |   |   |
| OTG Management, LLC (21)                        |   | Airport restaurant operator |   | First lien senior secured revolving loan ($8.4 par due 8/2021) |   | 9.85% (Libor + 8.50%/Q) |   | 8/26/2016 |   | 8.4 |  |   | 8.4 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($4.9 par due 8/2021) |   | 9.88% (Libor + 8.50%/Q) |   | 8/26/2016 |   | 4.9 |  |   | 4.9 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($1.6 par due 8/2021) |   | 9.91% (Libor + 8.50%/Q) |   | 8/26/2016 |   | 1.6 |  |   | 1.6 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($2.2 par due 8/2021) |   | 9.98% (Libor + 8.50%/Q) |   | 8/26/2016 |   | 2.2 |  |   | 2.2 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($97.8 par due 8/2021) |   | 9.88% (Libor + 8.50%/Q) |   | 8/26/2016 |   | 97.8 |  |   | 97.8 |  | (3)(17) |   |
|                                            |   |   |   | Senior subordinated loan ($25.3 par due 2/2022) |   | 17.50% PIK |   | 8/26/2016 |   | 25.1 |  |   | 25.3 |  | (2) |   |
|                                            |   |   |   | Class A preferred units (3,000,000 units) |   |   |   | 8/26/2016 |   | 30.0 |  |   | 34.7 |  | (2) |   |
|                                            |   |   |   | Common units (3,000,000 units) |   |   |   | 1/5/2011 |   | 3.0 |  |   | 9.1 |  | (2) |   |
|                                            |   |   |   | Warrant to purchase up to 7.73% of common units (expires 6/2018) |   |   |   | 6/19/2008 |   | 0.1 |  |   | — |  | (2) |   |
|                                            |   |   |   | Warrant to purchase 0.60% of the common units deemed outstanding (expires 12/2018) |   |   |   | 8/29/2016 |   | — |  |   | 19.9 |  | (2) |   |
|                                            |   |   |   |   |   |   |   |   |   | 173.1 |  |   | 203.9 |  |   |   |
| Restaurant Holding Company, LLC                 |   | Fast food restaurant operator |   | First lien senior secured loan ($31.7 par due 2/2019) |   | 9.32% (Libor + 7.75%/Q) |   | 3/13/2014 |   | 31.6 |  |   | 30.7 |  | (3)(17) |   |
| Restaurant Technologies, Inc. (21)              |   | Provider of bulk cooking oil management services to the restaurant and fast food service industries |   | First lien senior secured revolving loan ($0.2 par due 11/2021) |   | 6.32% (Libor + 4.75%/Q) |   | 11/23/2016 |   | 0.2 |  |   | 0.2 |  | (2)(17)(20) |   |
|                                            |   |   |   | First lien senior secured revolving loan ($0.4 par due 11/2021) |   | 6.30% (Libor + 4.75%/Q) |   | 11/23/2016 |   | 0.4 |  |   | 0.4 |  | (2)(17)(20) |   |
|                                            |   |   |   |   |   |   |   |   |   | 0.6 |  |   | 0.6 |  |   |   |
| SFE Intermediate Holdco LLC (21)                |   | Provider of outsourced foodservice to K-12 school districts |   | First lien senior secured revolving loan ($0.8 par due 7/2022) |   | 6.50% (Libor + 5.00%/Q) |   | 7/31/2017 |   | 0.8 |  |   | 0.8 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($6.8 par due 7/2023) |   | 6.38% (Libor + 5.00%/Q) |   | 7/31/2017 |   | 6.7 |  |   | 6.8 |  | (4)(17) |   |
|                                            |   |   |   |   |   |   |   |   |   | 7.5 |  |   | 7.6 |  |   |   |
|                                            |   |   |   |   |   |   |   |   |   | 400.7 |  |   | 388.4 |  |   | 5.47 | % |
| Automotive Services                             |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| A.U.L. Corp. (21)                               |   | Provider of vehicle service contracts (“VSCs”) and limited warranties for passenger vehicles |   | First lien senior secured revolving loan ($0.4 par due 6/2023) |   | 9.00% (Base Rate + 4.50%/Q) |   | 6/7/2017 |   | 0.4 |  |   | 0.4 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($7.8 par due 6/2023) |   | 6.75% (Libor + 5.00%/Q) |   | 6/7/2017 |   | 7.8 |  |   | 7.8 |  | (2)(17) |   |
|                                            |   |   |   |   |   |   |   |   |   | 8.2 |  |   | 8.2 |  |   |   |
| AEP Holdings, Inc. and Arrowhead Holdco Company |   | Distributor of non-discretionary, mission-critical aftermarket replacement parts |   | First lien senior secured loan ($0.1 par due 8/2021) |   | 7.09% (Libor + 5.75%/Q) |   | 7/21/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                            |   |   |   | First lien senior secured loan ($3.0 par due 8/2021) |   | 7.13% (Libor + 5.75%/Q) |   | 7/21/2017 |   | 3.0 |  |   | 3.0 |  | (2)(17) |   |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                           |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                                                 |   |   |   | First lien senior secured loan ($1.5 par due 8/2021) |   | 7.23% (Libor + 5.75%/Q) |   | 7/21/2017 |   | 1.5 |  |   | 1.5 |  | (2)(17) |   |
|                                                                 |   |   |   | Common stock (3,467 shares) |   |   |   | 8/31/2015 |   | 3.5 |  |   | 4.3 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 8.1 |  |   | 8.9 |  |   |   |
| ChargePoint, Inc.                                                    |   | Developer and operator of electric vehicle charging stations |   | Warrant to purchase up to 809,126 shares of Series E preferred stock (expires 12/2024) |   |   |   | 12/30/2014 |   | 0.3 |  |   | 2.1 |  | (2) |   |
| Dent Wizard International Corporation and DWH Equity Investors, L.P. |   | Automotive reconditioning services |   | Second lien senior secured loan ($50.0 par due 10/2020) |   | 10.24% (Libor + 8.75%/Q) |   | 4/7/2015 |   | 50.0 |  |   | 50.0 |  | (2)(17) |   |
|                                                                 |   |   |   | Class A common stock (10,000 shares) |   |   |   | 4/7/2015 |   | 0.2 |  |   | 0.5 |  | (2) |   |
|                                                                 |   |   |   | Class B common stock (20,000 shares) |   |   |   | 4/7/2015 |   | 0.4 |  |   | 1.0 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 50.6 |  |   | 51.5 |  |   |   |
| Eckler Industries, Inc. (21)                                         |   | Restoration parts and accessories provider for classic automobiles |   | First lien senior secured revolving loan ($2.0 par due 12/2017) |   | — |   | 7/12/2012 |   | 2.0 |  |   | 1.5 |  | (2)(16) |   |
|                                                                 |   |   |   | First lien senior secured loan ($6.6 par due 12/2017) |   | — |   | 7/12/2012 |   | 6.6 |  |   | 4.9 |  | (2)(16) |   |
|                                                                 |   |   |   | First lien senior secured loan ($24.3 par due 12/2017) |   | — |   | 7/12/2012 |   | 24.3 |  |   | 18.0 |  | (2)(16) |   |
|                                                                 |   |   |   | Series A preferred stock (1,800 shares) |   |   |   | 7/12/2012 |   | 1.8 |  |   | — |  | (2) |   |
|                                                                 |   |   |   | Common stock (20,000 shares) |   |   |   | 7/12/2012 |   | 0.2 |  |   | — |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 34.9 |  |   | 24.4 |  |   |   |
| EcoMotors, Inc.                                                      |   | Engine developer |   | First lien senior secured loan ($9.4 par due 3/2018) |   | — |   | 9/1/2015 |   | 9.1 |  |   | 0.1 |  | (2)(16) |   |
|                                                                 |   |   |   | Warrant to purchase up to 321,888 shares of Series C preferred stock (expires 12/2022) |   |   |   | 12/28/2012 |   | — |  |   | — |  | (2) |   |
|                                                                 |   |   |   | Warrant to purchase up to 70,000 shares of Series C preferred stock (expires 2/2025) |   |   |   | 2/24/2015 |   | — |  |   | — |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 9.1 |  |   | 0.1 |  |   |   |
| ESCP PPG Holdings, LLC (7)                                           |   | Distributor of new equipment and aftermarket parts to the heavy-duty truck industry |   | Class A units (3,500,000 units) |   |   |   | 12/14/2016 |   | 3.5 |  |   | 2.8 |  | (2) |   |
| Mavis Tire Supply LLC                                                |   | Auto parts retailer |   | First lien senior secured loan ($38.5 par due 10/2020) |   | 6.67% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 38.5 |  |   | 38.5 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($2.0 par due 10/2020) |   | 6.67% (Libor + 5.25%/Q) |   | 10/18/2017 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($179.0 par due 10/2020) |   | 6.67% (Libor + 5.25%/Q) |   | 7/26/2017 |   | 179.0 |  |   | 179.0 |  | (2)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 219.5 |  |   | 219.5 |  |   |   |
| Simpson Performance Products, Inc.                                   |   | Provider of motorsports safety equipment |   | First lien senior secured loan ($10.0 par due 2/2020) |   | 9.25% (Libor + 7.59%/Q) |   | 2/20/2015 |   | 10.0 |  |   | 10.0 |  | (2)(17) |   |
|                                                                 |   |   |   | First lien senior secured loan ($18.3 par due 2/2020) |   | 9.25% (Libor + 7.59%/Q) |   | 2/20/2015 |   | 18.3 |  |   | 18.3 |  | (3)(17) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 28.3 |  |   | 28.3 |  |   |   |
| SK SPV IV, LLC                                                       |   | Collision repair site operators |   | Series A common stock (12,500 units) |   |   |   | 8/18/2014 |   | 0.6 |  |   | 3.2 |  | (2) |   |
|                                                                 |   |   |   | Series B common stock (12,500 units) |   |   |   | 8/18/2014 |   | 0.6 |  |   | 3.2 |  | (2) |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 1.2 |  |   | 6.4 |  |   |   |
|                                                                 |   |   |   |   |   |   |   |   |   | 363.7 |  |   | 352.2 |  |   | 4.96 | % |
| Education                                                            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Campus Management Acquisition Corp. (7)                              |   | Education software developer |   | Preferred stock (485,159 shares) |   |   |   | 2/8/2008 |   | 10.5 |  |   | 11.0 |  | (2) |   |

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|                                                                                                                                                                        |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                                                                                             |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Excelligence Holdings Corp.                                                                                                                                            |   | Developer, manufacturer and retailer of educational products |   | First lien senior secured loan ($10.0 par due 4/2023) |   | 7.35% (Libor + 6.00%/Q) |   | 4/17/2017 |   | 10.0 |  |   | 9.6 |  | (4)(17) |   |
| Flinn Scientific, Inc. and WCI-Quantum Holdings, Inc.                                                                                                                  |   | Distributor of instructional products, services and resources |   | First lien senior secured loan ($32.0 par due 10/2020) |   | 6.50% (Libor + 5.00%/Q) |   | 7/26/2017 |   | 32.0 |  |   | 32.0 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | First lien senior secured loan ($38.7 par due 10/2020) |   | 6.37% (Libor + 5.00%/Q) |   | 7/26/2017 |   | 38.7 |  |   | 38.7 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | Series A preferred stock (1,272 shares) |   |   |   | 10/24/2014 |   | 1.0 |  |   | 1.2 |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 71.7 |  |   | 71.9 |  |   |   |
| Frontline Technologies Group Holding LLC, Frontline Technologies Blocker Buyer, Inc., Frontline Technologies Holdings, LLC and Frontline Technologies Parent, LLC (21) |   | Provider of human capital management (“HCM”) and SaaS-based software solutions to employees and administrators of K-12 school organizations |   | First lien senior secured loan ($39.6 par due 9/2023) |   | 8.09% (Libor + 6.50%/Q) |   | 9/19/2017 |   | 39.1 |  |   | 39.0 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | Class A preferred units (4,574 units) |   |   |   | 9/18/2017 |   | 4.6 |  |   | 4.8 |  |   |   |
|                                                                                                                                                                   |   |   |   | Class B units (499,050 units) |   |   |   | 9/18/2017 |   | — |  |   | — |  |   |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 43.7 |  |   | 43.8 |  |   |   |
| Infilaw Holding, LLC (21)                                                                                                                                              |   | Operator of for-profit law schools |   | First lien senior secured revolving loan ($4.5 par due 2/2018) |   | — |   | 8/25/2011 |   | 3.5 |  |   | — |  | (2)(16)(20) |   |
| Instituto de Banca y Comercio, Inc. & Leeds IV Advisors, Inc. (21)                                                                                                 |   | Private school operator |   | First lien senior secured revolving loan ($11.8 par due 12/2018) |   | 12.50% (Base Rate + 8.00%/Q) |   | 5/18/2017 |   | 11.8 |  |   | 11.8 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | First lien senior secured loan ($3.2 par due 12/2018) |   | 10.50% (Libor + 9.00%/Q) |   | 10/31/2015 |   | 3.2 |  |   | 3.2 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | Senior preferred series A-1 shares (163,902 shares) |   |   |   | 10/31/2015 |   | 119.4 |  |   | 25.2 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series B preferred stock (1,401,385 shares) |   |   |   | 8/5/2010 |   | 4.0 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series C preferred stock (1,994,644 shares) |   |   |   | 6/7/2010 |   | 0.5 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series B preferred stock (348,615 shares) |   |   |   | 8/5/2010 |   | 1.0 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Series C preferred stock (517,942 shares) |   |   |   | 6/7/2010 |   | 0.1 |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Common stock (16 shares) |   |   |   | 6/7/2010 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Common stock (4 shares) |   |   |   | 6/7/2010 |   | — |  |   | — |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 140.0 |  |   | 40.2 |  |   |   |
| Liaison Acquisition, LLC (21)                                                                                                                                          |   | Provider of centralized applications services to educational associations |   | Second lien senior secured loan ($15.0 par due 8/2023) |   | 10.81% (Libor + 9.25%/Q) |   | 2/9/2017 |   | 14.7 |  |   | 15.0 |  | (2)(17) |   |
| PIH Corporation and Primrose Holding Corporation (7)(21)                                                                                                               |   | Franchisor of education-based early childhood centers |   | First lien senior secured revolving loan ($0.6 par due 12/2018) |   | 6.63% (Libor + 5.25%/Q) |   | 12/13/2013 |   | 0.6 |  |   | 0.6 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | First lien senior secured revolving loan ($0.4 par due 12/2018) |   | 8.75% (Base Rate + 4.25%/Q) |   | 12/13/2013 |   | 0.4 |  |   | 0.4 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | First lien senior secured loan ($1.6 par due 12/2018) |   | 7.07% (Libor + 5.50%/Q) |   | 12/15/2017 |   | 1.6 |  |   | 1.6 |  | (2)(17) |   |
|                                                                                                                                                                   |   |   |   | Common stock (7,227 shares) |   |   |   | 1/3/2017 |   | 10.7 |  |   | 17.8 |  |   |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 13.3 |  |   | 20.4 |  |   |   |
| R3 Education Inc., Equinox EIC Partners LLC and Sierra Education Finance Corp.                                                                                         |   | Medical school operator |   | Preferred stock (1,977 shares) |   |   |   | 7/30/2008 |   | 0.5 |  |   | 0.5 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Common membership interest (15.76% interest) |   |   |   | 9/21/2007 |   | 15.8 |  |   | 26.2 |  | (2) |   |
|                                                                                                                                                                   |   |   |   | Warrant to purchase up to 27,890 shares (expires 11/2019) |   |   |   | 12/8/2009 |   | — |  |   | 9.1 |  | (2) |   |
|                                                                                                                                                                   |   |   |   |   |   |   |   |   |   | 16.3 |  |   | 35.8 |  |   |   |

----

|                                               |
|-----------------------------------------------|
|                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                    |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Regent Education, Inc.                        |   | Provider of software solutions designed to optimize the financial aid and enrollment processes |   | Warrant to purchase up to 987 shares of common stock (expires 12/2026) |   |   |   | 12/23/2016 |   | — |  |   | — |  | (2) |   |
|                                          |   |   |   | Warrant to purchase up to 5,393,194 shares of common stock (expires 12/2026) |   |   |   | 12/23/2016 |   | — |  |   | — |  | (2) |   |
|                                          |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| RuffaloCODY, LLC (21)                         |   | Provider of student fundraising and enrollment management services |   | First lien senior secured revolving loan |   | — |   | 5/29/2013 |   | — |  |   | — |  | (19) |   |
| Severin Acquisition, LLC (21)                 |   | Provider of student information system software solutions to the K-12 education market |   | Second lien senior secured loan ($38.7 par due 7/2022) |   | 10.32% (Libor + 8.75%/Q) |   | 2/1/2017 |   | 37.9 |  |   | 38.7 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($3.1 par due 7/2022) |   | 10.57% (Libor + 9.00%/Q) |   | 10/14/2016 |   | 3.1 |  |   | 3.1 |  | (17) |   |
|                                          |   |   |   | Second lien senior secured loan ($4.2 par due 7/2022) |   | 10.32% (Libor + 8.75%/Q) |   | 10/28/2015 |   | 4.1 |  |   | 4.2 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($15.0 par due 7/2022) |   | 10.32% (Libor + 8.75%/Q) |   | 7/31/2015 |   | 14.8 |  |   | 15.0 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($3.3 par due 7/2022) |   | 10.82% (Libor + 9.25%/Q) |   | 2/1/2016 |   | 3.2 |  |   | 3.3 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($2.8 par due 7/2022) |   | 10.82% (Libor + 9.25%/Q) |   | 8/8/2016 |   | 2.8 |  |   | 2.8 |  | (17) |   |
|                                          |   |   |   | Second lien senior secured loan ($3.1 par due 7/2022) |   | 10.57% (Libor + 9.00%/Q) |   | 1/3/2017 |   | 3.1 |  |   | 3.1 |  | (17) |   |
|                                          |   |   |   | Second lien senior secured loan ($5.5 par due 7/2022) |   | 10.32% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 5.5 |  |   | 5.5 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($20.0 par due 7/2022) |   | 10.32% (Libor + 8.75%/Q) |   | 1/3/2017 |   | 20.0 |  |   | 20.0 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($4.4 par due 7/2022) |   | 10.82% (Libor + 9.25%/Q) |   | 1/3/2017 |   | 4.4 |  |   | 4.4 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($2.8 par due 7/2022) |   | 10.82% (Libor + 9.25%/Q) |   | 1/3/2017 |   | 2.8 |  |   | 2.8 |  | (17) |   |
|                                          |   |   |   |   |   |   |   |   |   | 101.7 |  |   | 102.9 |  |   |   |
|                                          |   |   |   |   |   |   |   |   |   | 425.4 |  |   | 350.6 |  |   | 4.94 | % |
| Wholesale Distribution                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| DFS Holding Company, Inc.                     |   | Distributor of maintenance, repair, and operations parts, supplies, and equipment to the foodservice industry |   | First lien senior secured loan ($4.7 par due 2/2022) |   | 6.69% (Libor + 5.00%/Q) |   | 3/1/2017 |   | 4.7 |  |   | 4.6 |  | (2)(17) |   |
|                                          |   |   |   | First lien senior secured loan ($188.7 par due 2/2022) |   | 7.19% (Libor + 5.50%/Q) |   | 7/26/2017 |   | 188.7 |  |   | 186.8 |  | (2)(17) |   |
|                                          |   |   |   |   |   |   |   |   |   | 193.4 |  |   | 191.4 |  |   |   |
| Flow Solutions Holdings, Inc.                 |   | Distributor of high value fluid handling, filtration and flow control products |   | Second lien senior secured loan ($6.0 par due 10/2018) |   | 10.57% (Libor + 9.00%/Q) |   | 12/16/2014 |   | 6.0 |  |   | 6.0 |  | (2)(17) |   |
|                                          |   |   |   | Second lien senior secured loan ($29.5 par due 10/2018) |   | 10.57% (Libor + 9.00%/Q) |   | 12/16/2014 |   | 29.5 |  |   | 29.5 |  | (2)(17) |   |
|                                          |   |   |   |   |   |   |   |   |   | 35.5 |  |   | 35.5 |  |   |   |
| KHC Holdings, Inc. and Kele Holdco, Inc. (21) |   | Catalog-based distribution services provider for building automation systems |   | First lien senior secured revolving loan ($0.7 par due 10/2020) |   | 5.80% (Libor + 4.25%/Q) |   | 1/3/2017 |   | 0.7 |  |   | 0.7 |  | (2)(17) |   |
|                                          |   |   |   | First lien senior secured loan ($66.2 par due 10/2022) |   | 7.69% (Libor + 6.00%/Q) |   | 1/3/2017 |   | 66.2 |  |   | 66.2 |  | (3)(17) |   |
|                                          |   |   |   | Common stock (30,000 shares) |   |   |   | 1/3/2017 |   | 3.1 |  |   | 3.1 |  |   |   |
|                                          |   |   |   |   |   |   |   |   |   | 70.0 |  |   | 70.0 |  |   |   |
|                                          |   |   |   |   |   |   |   |   |   | 298.9 |  |   | 296.9 |  |   | 4.18 | % |
| Oil and Gas                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Moss Creek Resources, LLC                     |   | Exploration and production company |   | Senior subordinated loan ($30.0 par due 4/2022) |   | 9.50% (Libor + 8.00%/Q) |   | 5/5/2017 |   | 29.7 |  |   | 30.0 |  | (2)(17) |   |

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|                                                                                               |
|-----------------------------------------------------------------------------------------------|
|                                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                                    |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Penn Virginia Holding Corp.                                                                   |   | Exploration and production company |   | Second lien senior secured loan ($90.1 par due 9/2022) |   | 8.57% (Libor + 7.00%/Q) |   | 9/28/2017 |   | 90.1 |  |   | 88.3 |  | (2)(17) |   |
| Petroflow Energy Corporation and TexOak Petro Holdings LLC (7)                                |   | Oil and gas exploration and production company |   | First lien senior secured loan ($12.8 par due 6/2019) |   | 3.36% (Libor + 2.00%/Q) |   | 6/29/2016 |   | 11.7 |  |   | 12.4 |  | (2)(17) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($24.7 par due 12/2019) |   | — |   | 6/29/2016 |   | 21.9 |  |   | — |  | (2)(16) |   |
|                                                                                          |   |   |   | Common units (202,000 units) |   |   |   | 6/29/2016 |   | 11.1 |  |   | — |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 44.7 |  |   | 12.4 |  |   |   |
| VPROP Operating, LLC and Vista Proppants and Logistics, LLC                                   |   | Sand based proppant producer and distributor to the oil and natural gas industry |   | First lien senior secured loan ($28.2 par due 8/2021) |   | 10.98% (Libor + 9.50%/Q) |   | 8/1/2017 |   | 28.1 |  |   | 28.2 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($35.3 par due 8/2021) |   | 10.74% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 11/9/2017 |   | 35.3 |  |   | 35.3 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($15.2 par due 3/2021) |   | 10.98% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 3/1/2017 |   | 15.2 |  |   | 15.2 |  | (2)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($75.5 par due 3/2021) |   | 10.98% (Libor + 8.50% Cash, 1.00% PIK/Q) |   | 3/1/2017 |   | 75.5 |  |   | 75.5 |  | (3)(17) |   |
|                                                                                          |   |   |   | Common units (997,864 units) |   |   |   | 11/9/2017 |   | 9.7 |  |   | 9.7 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 163.8 |  |   | 163.9 |  |   |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 328.3 |  |   | 294.6 |  |   | 4.15 | % |
| Containers and Packaging                                                                      |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| GS Pretium Holdings, Inc.                                                                     |   | Manufacturer and supplier of high performance plastic containers |   | Common stock (500,000 shares) |   |   |   | 6/2/2014 |   | 0.5 |  |   | 0.8 |  | (2) |   |
| ICSH Parent, Inc. and Vulcan Container Services Holdings, Inc.                                |   | Industrial container manufacturer, reconditioner and servicer |   | Second lien senior secured loan ($63.6 par due 4/2025) |   | 9.38% (Libor + 8.00%/Q) |   | 4/28/2017 |   | 62.9 |  |   | 63.6 |  | (2)(17) |   |
|                                                                                          |   |   |   | Series A common stock (24,900 shares) |   |   |   | 4/28/2017 |   | 2.5 |  |   | 3.3 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 65.4 |  |   | 66.9 |  |   |   |
| LBP Intermediate Holdings LLC (21)                                                            |   | Manufacturer of paper and corrugated foodservice packaging |   | First lien senior secured revolving loan |   | — |   | 7/10/2015 |   | — |  |   | — |  | (19) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($11.8 par due 7/2020) |   | 7.19% (Libor + 5.50%/Q) |   | 7/10/2015 |   | 11.8 |  |   | 11.8 |  | (3)(17) |   |
|                                                                                          |   |   |   | First lien senior secured loan ($5.0 par due 7/2020) |   | 7.19% (Libor + 5.50%/Q) |   | 7/10/2015 |   | 5.0 |  |   | 5.0 |  | (4)(17) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 16.8 |  |   | 16.8 |  |   |   |
| Microstar Logistics LLC, Microstar Global Asset Management LLC, and MStar Holding Corporation |   | Keg management solutions provider |   | Second lien senior secured loan ($78.5 par due 12/2018) |   | 9.05% (Libor + 7.50%/Q) |   | 12/14/2012 |   | 78.5 |  |   | 78.5 |  | (2)(17) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($54.0 par due 12/2018) |   | 9.05% (Libor + 7.50%/Q) |   | 12/14/2012 |   | 54.0 |  |   | 54.0 |  | (3)(17) |   |
|                                                                                          |   |   |   | Second lien senior secured loan ($10.0 par due 12/2018) |   | 9.05% (Libor + 7.50%/Q) |   | 12/14/2012 |   | 10.0 |  |   | 10.0 |  | (4)(17) |   |
|                                                                                          |   |   |   | Common stock (50,000 shares) |   |   |   | 12/14/2012 |   | 4.0 |  |   | 6.8 |  | (2) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 146.5 |  |   | 149.3 |  |   |   |
| NSI Holdings, Inc. (7)                                                                        |   | Manufacturer of plastic containers for the wholesale nursery industry |   | Series A preferred stock (2,192 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Ranpak Corp.                                                                                  |   | Manufacturer and marketer of paper-based protective packaging systems and materials |   | Second lien senior secured loan ($13.3 par due 10/2022) |   | 8.75% (Libor + 7.25%/Q) |   | 1/3/2017 |   | 12.8 |  |   | 13.3 |  | (2)(17) |   |
|                                                                                          |   |   |   |   |   |   |   |   |   | 242.0 |  |   | 247.1 |  |   | 3.48 | % |
| Environmental Services                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| MPH Energy Holdings, LP                                                                       |   | Operator of municipal recycling facilities |   | Limited partnership interest (3.13% interest) |   |   |   | 1/8/2014 |   | — |  |   | — |  | (2) |   |

----

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                  |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| RE Community Holdings GP, LLC and RE Community Holdings, LP |   | Operator of municipal recycling facilities |   | Limited partnership interest (2.86% interest) |   |   |   | 3/1/2011 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   | Limited partnership interest (2.49% interest) |   |   |   | 3/1/2011 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| Soil Safe, Inc. and Soil Safe Acquisition Corp. (8)(21)     |   | Provider of soil treatment, recycling and placement services |   | First lien senior secured revolving loan |   | — |   | 1/3/2017 |   | — |  |   | — |  | (19) |   |
|                                                        |   |   |   | First lien senior secured loan ($22.0 par due 1/2020) |   | 8.00% (Libor + 6.25%/Q) |   | 1/3/2017 |   | 22.0 |  |   | 22.0 |  | (2)(17) |   |
|                                                        |   |   |   | Second lien senior secured loan ($12.7 par due 6/2020) |   | 10.75% (Libor + 7.75%/Q) |   | 1/3/2017 |   | 12.7 |  |   | 12.7 |  | (2)(17) |   |
|                                                        |   |   |   | Senior subordinated loan ($36.7 par due 12/2020) |   | 16.50% PIK |   | 1/3/2017 |   | 36.7 |  |   | 36.7 |  | (2) |   |
|                                                        |   |   |   | Senior subordinated loan ($31.5 par due 12/2020) |   | 14.50% PIK |   | 1/3/2017 |   | 31.5 |  |   | 31.5 |  | (2) |   |
|                                                        |   |   |   | Senior subordinated loan ($30.5 par due 12/2020) |   | — |   | 1/3/2017 |   | 11.5 |  |   | 4.0 |  | (16) |   |
|                                                        |   |   |   | Common stock (810 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                        |   |   |   |   |   |   |   |   |   | 114.4 |  |   | 106.9 |  |   |   |
| Storm UK Holdco Limited and Storm US Holdco Inc. (9)(21)    |   | Provider of water infrastructure software solutions for municipalities / utilities and engineering consulting firms |   | First lien senior secured revolving loan ($0.1 par due 5/2022) |   | 9.00% (Base Rate + 4.50%/Q) |   | 5/5/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($1.6 par due 5/2023) |   | 6.89% (Libor + 5.50%/Q) |   | 5/5/2017 |   | 1.6 |  |   | 1.5 |  | (2)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 1.7 |  |   | 1.6 |  |   |   |
| Waste Pro USA, Inc                                          |   | Waste management services |   | Second lien senior secured loan ($75.2 par due 10/2020) |   | 9.05% (Libor + 7.50%/Q) |   | 10/15/2014 |   | 75.2 |  |   | 75.2 |  | (3)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 191.3 |  |   | 183.7 |  |   | 2.59 | % |
| Printing, Publishing and Media                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Connoisseur Media, LLC                                      |   | Owner and operator of radio stations |   | First lien senior secured loan ($21.0 par due 6/2019) |   | 7.74% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 21.0 |  |   | 20.8 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.1 par due 6/2019) |   | 9.88% (Base Rate + 5.38%/Q) |   | 7/26/2017 |   | 0.1 |  |   | 0.1 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.7 par due 6/2019) |   | 8.07% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 0.7 |  |   | 0.6 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($0.3 par due 6/2019) |   | 8.07% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 0.3 |  |   | 0.3 |  | (4)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($41.4 par due 6/2019) |   | 7.76% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 41.4 |  |   | 41.0 |  | (2)(17) |   |
|                                                        |   |   |   | First lien senior secured loan ($17.8 par due 6/2019) |   | 7.76% (Libor + 6.38%/Q) |   | 7/26/2017 |   | 17.8 |  |   | 17.6 |  | (4)(17) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 81.3 |  |   | 80.4 |  |   |   |
| Earthcolor Group, LLC                                       |   | Printing management services |   | Limited liability company interests (9.30%) |   |   |   | 5/18/2012 |   | — |  |   | — |  |   |   |
| EDS Group (8)(9)                                            |   | Provider of print and digital services |   | Common stock (2,432,750 shares) |   |   |   | 1/3/2017 |   | — |  |   | 2.7 |  |   |   |
| Roark-Money Mailer LLC                                      |   | Marketer, advertiser and distributor of coupons in the mail industry |   | Membership units (35,000 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| The Teaching Company Holdings, Inc.                         |   | Education publications provider |   | Preferred stock (10,663 shares) |   |   |   | 9/29/2006 |   | 1.1 |  |   | 2.4 |  | (2) |   |
|                                                        |   |   |   | Common stock (15,393 shares) |   |   |   | 9/29/2006 |   | — |  |   | — |  | (2) |   |
|                                                        |   |   |   |   |   |   |   |   |   | 1.1 |  |   | 2.4 |  |   |   |
|                                                        |   |   |   |   |   |   |   |   |   | 82.4 |  |   | 85.5 |  |   | 1.20 | % |
| Chemicals                                                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| AMZ Holding Corp. (21)                                      |   | Specialty chemicals manufacturer |   | First lien senior secured loan ($12.2 par due 6/2022) |   | 6.57% (Libor + 5.00%/Q) |   | 6/27/2017 |   | 12.2 |  |   | 12.2 |  | (4)(17) |   |

----

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                                    |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Genomatica, Inc.                                                              |   | Developer of a biotechnology platform for the production of chemical products |   | Warrant to purchase 322,422 shares of Series D preferred stock (expires 3/2023) |   |   |   | 3/28/2013 |   | — |  |   | — |  | (2) |   |
| K2 Pure Solutions Nocal, L.P. (21)                                            |   | Chemical producer |   | First lien senior secured revolving loan ($1.5 par due 2/2021) |   | 8.70% (Libor + 7.13%/Q) |   | 8/19/2013 |   | 1.5 |  |   | 1.5 |  | (2)(17) |   |
|                                                                          |   |   |   | First lien senior secured loan ($40.0 par due 2/2021) |   | 7.57% (Libor + 6.00%/Q) |   | 8/19/2013 |   | 40.0 |  |   | 40.0 |  | (3)(17) |   |
|                                                                          |   |   |   | First lien senior secured loan ($13.0 par due 2/2021) |   | 7.57% (Libor + 6.00%/Q) |   | 8/19/2013 |   | 13.0 |  |   | 13.0 |  | (4)(17) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 54.5 |  |   | 54.5 |  |   |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 66.7 |  |   | 66.7 |  |   | 0.94 | % |
| Retail                                                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fashion Holding Luxembourg SCA (Modacin/Camaeiu) (8)(9)                       |   | Retailer of women's clothing |   | Preferred stock (241,776,675 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
| Galls, LLC                                                                    |   | Distributor of public safety, private security and defense products in the United States |   | Second lien senior secured loan ($2.0 par due 8/2021) |   | 9.71% (Libor + 8.25%/Q) |   | 8/25/2017 |   | 2.0 |  |   | 2.0 |  | (2)(17) |   |
|                                                                          |   |   |   | Second lien senior secured loan ($7.1 par due 8/2021) |   | 9.85% (Libor + 8.25%/Q) |   | 8/25/2017 |   | 7.1 |  |   | 7.1 |  | (2)(17) |   |
|                                                                          |   |   |   | Second lien senior secured loan ($1.9 par due 8/2021) |   | 9.94% (Libor + 8.25%/Q) |   | 8/25/2017 |   | 1.9 |  |   | 1.9 |  | (2)(17) |   |
|                                                                          |   |   |   | Second lien senior secured loan ($14.3 par due 8/2021) |   | 9.94% (Libor + 8.25%/Q) |   | 1/3/2017 |   | 14.3 |  |   | 14.3 |  | (2)(17) |   |
|                                                                          |   |   |   | Second lien senior secured loan ($26.0 par due 8/2021) |   | 9.94% (Libor + 8.25%/Q) |   | 1/3/2017 |   | 26.0 |  |   | 26.0 |  | (2)(17) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 51.3 |  |   | 51.3 |  |   |   |
| Paper Source, Inc. and Pine Holdings, Inc. (21)                               |   | Retailer of fine and artisanal paper products |   | First lien senior secured loan ($9.6 par due 9/2019) |   | 7.94% (Libor + 6.25%/Q) |   | 9/23/2013 |   | 9.6 |  |   | 9.4 |  | (4)(17) |   |
|                                                                          |   |   |   | Class A common stock (36,364 shares) |   |   |   | 9/23/2013 |   | 6.0 |  |   | 3.1 |  | (2) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 15.6 |  |   | 12.5 |  |   |   |
| Things Remembered, Inc. and TRM Holdco Corp. (7)(21)                          |   | Personalized gifts retailer |   | First lien senior secured loan ($12.3 par due 3/2020) |   | — |   | 8/30/2016 |   | 10.5 |  |   | 1.5 |  | (2)(16) |   |
|                                                                          |   |   |   | Common stock (10,631,940 shares) |   |   |   | 8/30/2016 |   | 6.1 |  |   | — |  | (2) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 16.6 |  |   | 1.5 |  |   |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 83.5 |  |   | 65.3 |  |   | 0.92 | % |
| Aerospace and Defense                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Cadence Aerospace, LLC (21)                                                   |   | Aerospace precision components manufacturer |   | First lien senior secured revolving loan ($0.7 par due 11/2022) |   | 7.91% (Libor + 6.50%/Q) |   | 11/14/2017 |   | 0.7 |  |   | 0.7 |  | (2)(17)(20) |   |
|                                                                          |   |   |   | First lien senior secured loan ($32.5 par due 11/2023) |   | 7.91% (Libor + 6.50%/Q) |   | 11/14/2017 |   | 32.2 |  |   | 32.2 |  | (2)(17) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 32.9 |  |   | 32.9 |  |   |   |
| Jazz Acquisition, Inc.                                                        |   | Designer and distributor of aftermarket replacement components to the commercial airlines industry |   | Second lien senior secured loan ($25.0 par due 6/2022) |   | 8.44% (Libor + 6.75%/Q) |   | 1/3/2017 |   | 19.8 |  |   | 22.5 |  | (2)(17) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 52.7 |  |   | 55.4 |  |   | 0.78 | % |
| Health Clubs                                                                  |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Athletic Club Holdings, Inc.                                                  |   | Premier health club operator |   | First lien senior secured loan ($35.0 par due 10/2020) |   | 10.07% (Libor + 8.50%/Q) |   | 10/11/2007 |   | 35.0 |  |   | 35.0 |  | (3)(17) |   |
| CFW Co-Invest, L.P., NCP Curves, L.P. and Curves International Holdings, Inc. |   | Health club franchisor |   | Limited partnership interest (4,152,165 shares) |   |   |   | 7/31/2012 |   | 4.2 |  |   | 4.4 |  | (2) |   |
|                                                                          |   |   |   | Limited partnership interest (2,218,235 shares) |   |   |   | 7/31/2012 |   | 2.2 |  |   | 9.7 |  | (2)(9) |   |
|                                                                          |   |   |   | Common stock (1,680 shares) |   |   |   | 11/12/2014 |   | — |  |   | — |  | (2)(9) |   |
|                                                                          |   |   |   |   |   |   |   |   |   | 6.4 |  |   | 14.1 |  |   |   |

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                                             |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
| Movati Athletic (Group) Inc. (9)(21)                                   |   | Premier health club operator |   | First lien senior secured loan ($0.3 par due 10/2022) |   | 5.90% (Libor + 4.50%/Q) |   | 10/5/2017 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($3.1 par due 10/2022) |   | 5.91% (Libor + 4.50%/Q) |   | 10/5/2017 |   | 3.0 |  |   | 3.0 |  | (2)(17) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 3.3 |  |   | 3.3 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 44.7 |  |   | 52.4 |  |   | 0.74 | % |
| Farming and Agriculture                                                |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| QC Supply, LLC (21)                                                    |   | Specialty distributor and solutions provider to the swine and poultry markets |   | First lien senior secured revolving loan ($4.0 par due 12/2021) |   | 7.57% (Libor + 6.00%/Q) |   | 12/29/2016 |   | 4.0 |  |   | 3.9 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($2.5 par due 12/2022) |   | 7.57% (Libor + 6.00%/Q) |   | 12/29/2016 |   | 2.5 |  |   | 2.4 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($11.2 par due 12/2022) |   | 7.57% (Libor + 6.00%/Q) |   | 12/29/2016 |   | 11.2 |  |   | 11.0 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($14.9 par due 12/2022) |   | 7.57% (Libor + 6.00%/Q) |   | 12/29/2016 |   | 14.9 |  |   | 14.6 |  | (4)(17) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 32.6 |  |   | 31.9 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 32.6 |  |   | 31.9 |  |   | 0.45 | % |
| Hotel Services                                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Pyramid Management Advisors, LLC and Pyramid Investors, LLC            |   | Hotel Operator |   | First lien senior secured loan ($3.0 par due 7/2021) |   | 8.69% (Libor + 7.00%/Q) |   | 7/15/2016 |   | 3.0 |  |   | 3.0 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($19.5 par due 7/2021) |   | 11.37% (Libor + 10.06%/Q) |   | 7/15/2016 |   | 19.5 |  |   | 19.5 |  | (3)(17) |   |
|                                                                   |   |   |   | Membership units (996,833 units) |   |   |   | 7/15/2016 |   | 1.0 |  |   | 0.8 |  | (2) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 23.5 |  |   | 23.3 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 23.5 |  |   | 23.3 |  |   | 0.33 | % |
| Computers and Electronics                                              |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Everspin Technologies, Inc.                                            |   | Designer and manufacturer of computer memory solutions |   | Warrant to purchase up to 18,461 shares of common stock (expires 10/2026) |   |   |   | 6/5/2015 |   | 0.4 |  |   | — |  | (5)(24) |   |
| Imaging Business Machines, L.L.C. and Scanner Holdings Corporation (8) |   | Provider of high-speed intelligent document scanning hardware and software |   | Senior subordinated loan ($8.3 par due 6/2022) |   | 14.00% |   | 1/3/2017 |   | 8.1 |  |   | 8.3 |  | (2) |   |
|                                                                   |   |   |   | Senior subordinated loan ($8.3 par due 6/2022) |   | 14.00% |   | 1/3/2017 |   | 8.1 |  |   | 8.3 |  | (2) |   |
|                                                                   |   |   |   | Series A preferred stock (66,424,135 shares) |   |   |   | 1/3/2017 |   | — |  |   | 4.5 |  |   |   |
|                                                                   |   |   |   | Class A common stock (33,173 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                   |   |   |   | Class B common stock (134,214 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 16.2 |  |   | 21.1 |  |   |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 16.6 |  |   | 21.1 |  |   | 0.30 | % |
| Telecommunications                                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Adaptive Mobile Security Limited (9)                                   |   | Developer of security software for mobile communications networks |   | First lien senior secured loan ($0.9 par due 10/2018) |   | 12.00% (EURIBOR + 8.00% Cash, 2.00% PIK/M) |   | 10/17/2016 |   | 0.8 |  |   | 0.8 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($0.8 par due 7/2018) |   | 12.00% (EURIBOR + 8.00% Cash, 2.00% PIK/M) |   | 1/16/2015 |   | 0.7 |  |   | 0.7 |  | (2)(17) |   |
|                                                                   |   |   |   | First lien senior secured loan ($0.3 par due 10/2018) |   | 12.00% (EURIBOR + 8.00% Cash, 2.00% PIK/M) |   | 1/16/2015 |   | 0.3 |  |   | 0.3 |  | (2)(17) |   |
|                                                                   |   |   |   |   |   |   |   |   |   | 1.8 |  |   | 1.8 |  |   |   |
| CHL, LTD.                                                              |   | Repair and service solutions provider for cable, satellite and telecommunications based service providers |   | Warrant to purchase up to 120,000 shares of Series A common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Company(1)                                |   | Business Description |   | Investment |   | Interest(6)(12) |   | AcquisitionDate |   | AmortizedCost |   | Fair Value |   | Percentageof NetAssets |
|                                      |   |   |   | Warrant to purchase up to 280,000 shares of Series B common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   | Warrant to purchase up to 80,000 shares of Series C common stock (expires 5/2020) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | — |  |   | — |  |   |   |
| LTG Acquisition, Inc.                     |   | Designer and manufacturer of display, lighting and passenger communication systems for mass transportation markets |   | Class A membership units (5,000 units) |   |   |   | 1/3/2017 |   | 5.1 |  |   | 1.7 |  |   |   |
| Startec Equity, LLC (8)                   |   | Communication services |   | Member interest |   |   |   | 4/1/2010 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 6.9 |  |   | 3.5 |  |   | 0.05 | % |
| Commercial Real Estate Financial          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| ACAS Real Estate Holdings Corporation (8) |   | Real estate holding company |   | Common stock (1,000 shares) |   |   |   | 1/3/2017 |   | 2.6 |  |   | 2.1 |  |   |   |
| NECCO Realty Investments LLC (8)          |   | Real estate holding company |   | Membership units (7,450 units) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 2.6 |  |   | 2.1 |  |   | 0.03 | % |
| Housing and Building Materials            |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Halex Holdings, Inc. (8)(21)              |   | Manufacturer of flooring installation products |   | First lien senior secured revolving loan ($1.1 par due 12/2018) |   |   |   | 1/24/2017 |   | 1.1 |  |   | — |  |   |   |
|                                      |   |   |   | Common stock (51,853 shares) |   |   |   | 1/3/2017 |   | — |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 1.1 |  |   | — |  |   |   |
|                                      |   |   |   |   |   |   |   |   |   | 1.1 |  |   | — |  |   | — | % |
| Total Investments                         |   |   |   |   |   |   |   |   |   | $ | 11,904.5 |  |   | $ | 11,840.6 |  |   | 166.83 | % |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |
| Description                       | Notional Amount to be Purchased | Notional Amount to be Sold | Counterparty | Settlement Date | Unrealized Appreciation / (Depreciation) |
| Foreign currency forward contract | $ | 3 |  | CAD | 4 |  | Bank of Montreal | January 4, 2018 | $ | — |  |
| Foreign currency forward contract | $ | 8 |  | CAD | 10 |  | Bank of Montreal | January 16, 2018 | — |  |
| Foreign currency forward contract | $ | 81 |  | CAD | 103 |  | Bank of Montreal | February 16, 2018 | (1 | ) |
| Foreign currency forward contract | $ | 18 |  | € | 15 |  | Bank of Montreal | January 16, 2018 | — |  |
| Foreign currency forward contract | $ | 9 |  | € | 8 |  | Bank of Montreal | February 15, 2018 | — |  |
| Foreign currency forward contract | $ | 2 |  | € | 2 |  | Bank of Montreal | March 15, 2018 | — |  |
| Foreign currency forward contract | $ | 90 |  | ₤ | 68 |  | Bank of Montreal | February 15, 2018 | (2 | ) |
| Foreign currency forward contract | $ | 12 |  | ₤ | 9 |  | Bank of Montreal | February 16, 2018 | — |  |
| Total                             |   |   |   |   |   |   | $ | (3 | ) |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Description        | Payment Terms | Counterparty | Maturity Date | Notional Amount | Value | Upfront Payments/Receipts | Unrealized Appreciation / (Depreciation) |
| Interest rate swap | Pay Fixed 2.0642% | Receive Floating One-Month LIBOR of 1.50% | Bank of Montreal | January 4, 2021 | $ | 395 |  | $ | (1 | ) | $ | — |  | $ | (1 | ) |
| Total              |   |   |   |   |   |   |   | $ | (1 | ) |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Other than the Company’s investments listed in footnote 8 below (subject to the limitations set forth therein), the Company does not “Control” any of its portfolio companies, for the purposes of the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”). In general, under the Investment Company Act, the Company would “Control” a portfolio company if the Company owned more than 25% of its outstanding voting securities (i.e., securities with the right to elect directors) and/or had the power to exercise control over the management or policies of such portfolio company. All of the Company’s portfolio company investments, which as of December 31, 2017 represented 167% of the Company’s net assets or 96% of the Company’s total assets, are subject to legal restrictions on sales. |

|     |                                                                                                                                                                                                                                                                                                                                                               |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These assets are pledged as collateral for the Revolving Credit Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than the Company’s obligations under the Revolving Credit Facility (see Note 5 to the consolidated financial statements). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | These assets are owned by the Company’s consolidated subsidiary Ares Capital CP Funding LLC (“Ares Capital CP”), are pledged as collateral for the Revolving Funding Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than Ares Capital CP’s obligations under the Revolving Funding Facility (see Note 5 to the consolidated financial statements). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | These assets are owned by the Company’s consolidated subsidiary Ares Capital JB Funding LLC (“ACJB”), are pledged as collateral for the SMBC Funding Facility (as defined below) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than ACJB’s obligations under the SMBC Funding Facility (see Note 5 to the consolidated financial statements). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | These assets are owned by the Company’s consolidated subsidiary Ares Venture Finance, L.P. (“AVF LP”), are pledged as collateral for the SBA-guaranteed debentures (the “SBA Debentures”) and, as a result, are not directly available to the creditors of the Company to satisfy any obligations of the Company other than AVF LP’s obligations (see Note 5 to the consolidated financial statements). AVF LP operates as a Small Business Investment Company (“SBIC”) under the provisions of Section 301(c) of the Small Business Investment Act of 1958, as amended. |

|     |                                                                |
|-----|----------------------------------------------------------------|
| (6) | Investments without an interest rate are non-income producing. |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | As defined in the Investment Company Act, the Company is deemed to be an “Affiliated Person” because it owns 5% or more of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions as of and during the year ended December 31, 2017 in which the issuer was an Affiliated Person (but not a portfolio company that the Company is deemed to Control) are as follows: |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                    |   | For the year ended December 31, 2017 |   | As of December 31, 2017 |
| (in millions)Company                                                    |   | Purchases (cost) |   | Redemptions (cost) |   | Sales (cost) |   | Interest income |   | Capitalstructuring service fees |   | Dividend income |   | Other income |   | Net realized gains (losses) |   | Net unrealized gains (losses) |   | Fair Value |
| Campus Management Acquisition Corp.                                     |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.7 |  |   | $ | 11.0 |  |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC |   | $ | 14.0 |  |   | $ | 0.8 |  |   | $ | — |  |   | $ | 1.1 |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | 1.0 |  |   | $ | 28.5 |  |
| ESCP PPG Holdings, LLC                                                  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.9 | ) |   | $ | 2.8 |  |
| Financial Asset Management Systems, Inc. and FAMS Holdings, Inc.        |   | $ | 3.0 |  |   | $ | 3.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Ioxus, Inc                                                              |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.3 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.1 | ) |   | $ | 11.2 |  |
| Multi-Ad Services, Inc.                                                 |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |
| NSI Holdings, Inc.                                                      |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Petroflow Energy Corporation and TexOak Petro Holdings LLC              |   | $ | — |  |   | $ | 2.6 |  |   | $ | 1.8 |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | (4.8 | ) |   | $ | 12.4 |  |
| PIH Corporation and Primrose Holding Corporation                        |   | $ | 17.0 |  |   | $ | 6.2 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.4 |  |   | $ | — |  |   | $ | — |  |   | $ | 7.0 |  |   | $ | 20.4 |  |
| Shock Doctor, Inc. and Shock Doctor Holdings, LLC                       |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 10.7 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | (9.1 | ) |   | $ | 86.1 |  |
| Things Remembered, Inc. and TRM Holdco Corp.                            |   | $ | 5.1 |  |   | $ | 5.0 |  |   | $ | 0.3 |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | (1.9 | ) |   | $ | 1.5 |  |
| UL Holding Co., LLC                                                     |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 3.3 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 6.3 |  |   | $ | 42.4 |  |
|                                                                    |   | $ | 39.1 |  |   | $ | 17.6 |  |   | $ | 2.1 |  |   | $ | 16.9 |  |   | $ | 0.1 |  |   | $ | 1.4 |  |   | $ | 0.4 |  |   | $ | 0.3 |  |   | $ | (1.8 | ) |   | $ | 216.3 |  |

|                                                                                 |
|---------------------------------------------------------------------------------|
|                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                            |   | For the year ended December 31, 2017 |   | As of December 31, 2017 |
| (in millions)Company                                                            |   | Purchases (cost) |   | Redemptions (cost) |   | Sales (cost) |   | Interest income |   | Capitalstructuring service fees |   | Dividend income |   | Other income |   | Net realized gains (losses) |   | Net unrealized gains (losses) |   | Fair Value |
| 10th Street, LLC and New 10th Street, LLC                                       |   | $ | — |  |   | $ | 53.3 |  |   | $ | 0.6 |  |   | $ | 2.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 34.5 |  |   | $ | (34.7 | ) |   | $ | — |  |
| ACAS 2007-1 CLO                                                                 |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| ACAS Equity Holdings Corporation                                                |   | $ | 0.5 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.1 | ) |   | $ | 0.4 |  |
| ACAS Real Estate Holdings Corporation                                           |   | $ | 2.6 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (0.5 | ) |   | $ | 2.1 |  |
| ADF Capital, Inc., ADF Restaurant Group, LLC, and ARG Restaurant Holdings, Inc. |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.6 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | (15.9 | ) |   | $ | 16.0 |  |
| Alcami Holdings, LLC                                                            |   | $ | 273.1 |  |   | $ | 5.5 |  |   | $ | 0.3 |  |   | $ | 29.8 |  |   | $ | — |  |   | $ | — |  |   | $ | 2.1 |  |   | $ | — |  |   | $ | 166.8 |  |   | $ | 442.3 |  |
| AllBridge Financial, LLC                                                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | (0.4 | ) |   | $ | — |  |
| Ares IIIR/IVR CLO Ltd.                                                          |   | $ | — |  |   | $ | 5.2 |  |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.5 |  |   | $ | 0.1 |  |   | $ | 0.1 |  |
| Bellotto Holdings Limited                                                       |   | $ | 193.6 |  |   | $ | 193.6 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 58.1 |  |   | $ | — |  |   | $ | — |  |
| Callidus Capital Corporation                                                    |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.7 |  |
| Ciena Capital LLC                                                               |   | $ | — |  |   | $ | — |  |   | $ | 10.0 |  |   | $ | 0.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 10.6 |  |   | $ | 32.3 |  |
| CoLTS 2005-1                                                                    |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| CoLTS 2005-2                                                                    |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |

----

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Columbo Midco Limited, Columbo Bidco Limited and Columbo Topco Limited  |   | $ | 27.9 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 12.7 |  |   | $ | 40.6 |  |
| Community Education Centers, Inc. and CEC Parent Holdings LLC           |   | $ | — |  |   | $ | 36.2 |  |   | $ | 38.1 |  |   | $ | 1.2 |  |   | $ | — |  |   | $ | 8.4 |  |   | $ | 0.1 |  |   | $ | 24.3 |  |   | $ | (10.9 | ) |   | $ | — |  |
| Competitor Group, Inc., Calera XVI, LLC and Champion Parent Corporation |   | $ | 0.5 |  |   | $ | 18.6 |  |   | $ | 42.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (20.1 | ) |   | $ | 17.3 |  |   | $ | 0.2 |  |
| CSHM LLC                                                                |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| EDS Group                                                               |   | $ | 11.8 |  |   | $ | 12.1 |  |   | $ | — |  |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 3.3 |  |   | $ | 2.7 |  |   | $ | 2.7 |  |
| ETG Holdings, Inc.                                                      |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| European Capital Private Debt LP                                        |   | $ | 97.9 |  |   | $ | 0.3 |  |   | $ | 97.7 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.1 |  |   | $ | — |  |   | $ | — |  |
| European Capital UK SME Debt LP                                         |   | $ | 46.8 |  |   | $ | 4.8 |  |   | $ | 0.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | 0.6 |  |   | $ | 41.7 |  |
| Fashion Holding Luxembourg SCA (Modacin/Camaeiu)                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| FPI Holding Corporation                                                 |   | $ | 0.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (1.0 | ) |   | $ | 0.4 |  |
| Garden Fresh Restaurant Corp. and GFRC Holdings LLC                     |   | $ | 14.6 |  |   | $ | 12.3 |  |   | $ | 18.9 |  |   | $ | 3.6 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | 2.0 |  |   | $ | 25.0 |  |
| Halex Holdings, Inc.                                                    |   | $ | 1.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.4 |  |   | $ | (2.0 | ) |   | $ | — |  |
| HALT Medical, Inc.                                                      |   | $ | 0.7 |  |   | $ | — |  |   | $ | 0.6 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Hard 8 Games, LLC                                                       |   | $ | 9.4 |  |   | $ | — |  |   | $ | 9.4 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 4.6 |  |   | $ | — |  |   | $ | — |  |
| HCI Equity, LLC                                                         |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |
| Imaging Business Machines, L.L.C. and Scanner Holdings Corporation      |   | $ | 16.1 |  |   | $ | — |  |   | $ | — |  |   | $ | 2.4 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.6 |  |   | $ | — |  |   | $ | 5.0 |  |   | $ | 21.1 |  |
| Ivy Hill Asset Management, L.P.                                         |   | $ | 228.6 |  |   | $ | 155.5 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 40.0 |  |   | $ | — |  |   | $ | — |  |   | $ | 12.8 |  |   | $ | 315.1 |  |
| LLSC Holdings Corporation (dba Lawrence Merchandising Services)         |   | $ | 19.2 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | (1.0 | ) |   | $ | 18.2 |  |
| Miles 33 (Finance) Limited                                              |   | $ | 15.2 |  |   | $ | 1.5 |  |   | $ | 0.6 |  |   | $ | 2.0 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.2 |  |   | $ | 3.9 |  |   | $ | 17.9 |  |
| Montgomery Lane, LLC and Montgomery Lane, Ltd.                          |   | $ | 2.2 |  |   | $ | 2.3 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 1.1 |  |   | $ | 0.6 |  |   | $ | 0.6 |  |
| MVL Group, Inc.                                                         |   | $ | — |  |   | $ | 0.2 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | — |  |
| Navisun LLC and Navisun Holdings LLC                                    |   | $ | 2.9 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 2.9 |  |
| NECCO Holdings, Inc.                                                    |   | $ | 60.4 |  |   | $ | 41.9 |  |   | $ | 7.1 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (1.3 | ) |   | $ | 10.6 |  |
| NECCO Realty Investments LLC                                            |   | $ | 32.7 |  |   | $ | 27.4 |  |   | $ | 6.4 |  |   | $ | 1.2 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 13.0 |  |   | $ | — |  |   | $ | — |  |
| Orion Foods, LLC                                                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 0.5 |  |
| Pillar Processing LLC and PHL Investors, Inc.                           |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| Rug Doctor, LLC and RD Holdco Inc.                                      |   | $ | 30.9 |  |   | $ | — |  |   | $ | — |  |   | $ | 1.9 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (3.2 | ) |   | $ | 27.7 |  |
| S Toys Holdings LLC (fka The Step2 Company, LLC)                        |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | 6.8 |  |   | $ | (5.7 | ) |   | $ | 0.5 |  |
| Senior Direct Lending Program, LLC                                      |   | $ | 221.4 |  |   | $ | 2.0 |  |   | $ | 2.1 |  |   | $ | 52.3 |  |   | $ | 9.1 |  |   | $ | — |  |   | $ | 1.5 |  |   | $ | — |  |   | $ | — |  |   | $ | 487.1 |  |
| Senior Secured Loan Fund LLC                                            |   | $ | — |  |   | $ | 1,938.4 |  |   | $ | — |  |   | $ | 69.3 |  |   | $ | 0.9 |  |   | $ | — |  |   | $ | 4.5 |  |   | $ | (17.5 | ) |   | $ | 24.2 |  |   | $ | — |  |
| Soil Safe, Inc. and Soil Safe Acquisition Corp.                         |   | $ | 110.6 |  |   | $ | 4.2 |  |   | $ | 1.0 |  |   | $ | 13.0 |  |   | $ | — |  |   | $ | — |  |   | $ | 0.1 |  |   | $ | — |  |   | $ | (7.6 | ) |   | $ | 106.9 |  |
| Startec Equity, LLC                                                     |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |
| The Greeley Company, Inc. and HCP Acquisition Holdings, LLC             |   | $ | — |  |   | $ | — |  |   | $ | 12.8 |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | — |  |   | $ | (12.3 | ) |   | $ | 12.4 |  |   | $ | — |  |
|                                                                    |   | $ | 1,421.1 |  |   | $ | 2,515.3 |  |   | $ | 249.2 |  |   | $ | 180.9 |  |   | $ | 10.0 |  |   | $ | 48.8 |  |   | $ | 9.4 |  |   | $ | 100.2 |  |   | $ | 187.4 |  |   | $ | 1,614.7 |  |

|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| * | Together with Varagon Capital Partners (“Varagon”) and its clients, the Company has co-invested through the Senior Direct Lending Program LLC (d/b/a the “Senior Direct Lending Program” or the “SDLP”). The SDLP has been capitalized as transactions are completed and all portfolio decisions and generally all other decisions in respect of the SDLP must be approved by an investment committee of the SDLP consisting of representatives of the Company and Varagon (with approval from a representative of each required); therefore, although the Company owns more than 25% of the voting securities of the SDLP, the Company does not believe that it has control over the SDLP (for purposes of the Investment Company Act or otherwise) because, among other things, these “voting securities” do |

----

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (9) | Non-U.S. company or principal place of business outside the U.S. and as a result is not a qualifying asset under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. Pursuant to Section 55(a) of the Investment Company Act, 12% of the Company’s total assets are represented by investments at fair value and other assets that are considered “non-qualifying assets” as of December 31, 2017. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (10) | Exception from the definition of investment company under Section 3(c) of the Investment Company Act and as a result is not a qualifying asset under Section 55(a) of the Investment Company Act. Under the Investment Company Act, the Company may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (11) | Variable rate loans to the Company’s portfolio companies bear interest at a rate that may be determined by reference to either the London Interbank Offered Rate (“LIBOR”) or an alternate base rate (commonly based on the Federal Funds Rate or the Prime Rate), at the borrower’s option, which reset annually (A), semi-annually (S), quarterly (Q), bi-monthly (B), monthly (M) or daily (D). For each such loan, the Company has provided the interest rate in effect on the date presented. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (12) | In addition to the interest earned based on the stated interest rate of this security, the Company is entitled to receive an additional interest amount of 1.75% on $63 in aggregate principal amount of a “first out” tranche of the portfolio company’s senior term debt previously syndicated by the Company into “first out” and “last out” tranches, whereby the “first out” tranche will have priority as to the “last out” tranche with respect to payments of principal, interest and any other amounts due thereunder. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (13) | In addition to the interest earned based on the stated interest rate of this security, the Company is entitled to receive an additional interest amount of 2.00% on $73 in aggregate principal amount of a “first out” tranche of the portfolio company’s first lien senior secured loans, whereby the “first out” tranche will have priority as to the “last out” tranche with respect to payments of principal, interest and any other amounts due thereunder. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (14) | The Company sold a participating interest of approximately $9 in aggregate principal amount of the portfolio company’s second lien senior secured term loan as a “first out” tranche.  As the transaction did not qualify as a “true sale” in accordance with U.S. generally accepted accounting principles, the Company recorded a corresponding $9 secured borrowing included in “accounts payable and other liabilities” in the accompanying consolidated balance sheet.” |

|      |                                                                                                                                                                                                                                                                                  |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (15) | The Company is entitled to receive a fixed fee upon the occurrence of certain events as defined in the credit agreement governing the Company’s debt investment in the portfolio company. The fair value of such fee is included in the fair value of the debt investment. |

|      |                                                              |
|------|--------------------------------------------------------------|
| (16) | Loan was on non-accrual status as of December 31, 2017. |

|      |                                            |
|------|--------------------------------------------|
| (17) | Loan includes interest rate floor feature. |

|      |                                                                                                                                                                                                                                                                                                                                                   |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (18) | In addition to the interest earned based on the stated contractual interest rate of this security, the certificates entitle the holders thereof to receive a portion of the excess cash flow from the SDLP’s loan portfolio, after expenses, which may result in a return to the Company greater than the contractual stated interest rate. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                  |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (19) | As of December 31, 2017, no amounts were funded by the Company under this first lien senior secured revolving loan; however, there were letters of credit issued and outstanding through a financial intermediary under the loan. See Note 7 to the consolidated financial statements for further information on letters of credit commitments related to certain portfolio companies. |

|      |                                                                                                                                                                                                                                         |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (20) | As of December 31, 2017, in addition to the amounts funded by the Company under this first lien senior secured revolving loan, there were also letters of credit issued and outstanding through a financial intermediary under the |

----

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (21) | As of December 31, 2017, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 7 to the consolidated financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies. |

|                                                                         |
|-------------------------------------------------------------------------|
|                                                                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                                          | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| A.U.L. Corp.                                                            | $ | 1.3 |  | $ | (0.4 | ) | $ | 0.9 |  | $ | — |  | $ | — |  | $ | 0.9 |  |
| Accruent, LLC, Accruent Holding, LLC and Athena Parent, Inc.            | 9.9 |  | (0.7 | ) | 9.2 |  | — |  | — |  | 9.2 |  |
| Achilles Acquisition LLC                                                | 1.1 |  | — |  | 1.1 |  | — |  | — |  | 1.1 |  |
| ADCS Billings Intermediate Holdings, LLC                                | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| ADF Pizza I LLC                                                         | 1.3 |  | — |  | 1.3 |  | — |  | — |  | 1.3 |  |
| ADG, LLC                                                                | 13.7 |  | (11.5 | ) | 2.2 |  | — |  | — |  | 2.2 |  |
| Alcami Holdings, LLC                                                    | 30.0 |  | (25.6 | ) | 4.4 |  | — |  | — |  | 4.4 |  |
| American Academy Holdings, LLC                                          | 7.0 |  | (0.9 | ) | 6.1 |  | — |  | — |  | 6.1 |  |
| AMZ Holding Corp.                                                       | 3.4 |  | — |  | 3.4 |  | — |  | — |  | 3.4 |  |
| Bambino CI Inc.                                                         | 9.6 |  | (1.1 | ) | 8.5 |  | — |  | — |  | 8.5 |  |
| Benihana, Inc.                                                          | 3.2 |  | (3.1 | ) | 0.1 |  | — |  | — |  | 0.1 |  |
| Cadence Aerospace, LLC                                                  | 14.3 |  | (1.5 | ) | 12.8 |  | — |  | — |  | 12.8 |  |
| CCS Intermediate Holdings, LLC and CCS Group Holdings, LLC              | 7.5 |  | (6.4 | ) | 1.1 |  | — |  | — |  | 1.1 |  |
| Chariot Acquisition, LLC                                                | 1.0 |  | — |  | 1.0 |  | — |  | — |  | 1.0 |  |
| Chesapeake Research Review, LLC                                         | 5.8 |  | (0.6 | ) | 5.2 |  | — |  | — |  | 5.2 |  |
| Ciena Capital LLC                                                       | 20.0 |  | (14.0 | ) | 6.0 |  | (6.0 | ) | — |  | — |  |
| Clearwater Analytics, LLC                                               | 5.0 |  | (0.5 | ) | 4.5 |  | — |  | — |  | 4.5 |  |
| Command Alkon Incorporated                                              | 3.3 |  | (1.6 | ) | 1.7 |  | — |  | — |  | 1.7 |  |
| Component Hardware Group, Inc                                           | 3.7 |  | (1.9 | ) | 1.8 |  | — |  | — |  | 1.8 |  |
| Cozzini Bros., Inc. and BH-Sharp Holdings LP                            | 16.0 |  | — |  | 16.0 |  | — |  | — |  | 16.0 |  |
| Crown Health Care Laundry Services, LLC and Crown Laundry Holdings, LLC | 5.0 |  | (2.6 | ) | 2.4 |  | — |  | — |  | 2.4 |  |
| CST Buyer Company                                                       | 4.2 |  | — |  | 4.2 |  | — |  | — |  | 4.2 |  |
| D4C Dental Brands, Inc.                                                 | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| DCA Investment Holding, LLC                                             | 5.8 |  | (0.1 | ) | 5.7 |  | — |  | — |  | 5.7 |  |
| DecoPac, Inc.                                                           | 8.1 |  | (2.6 | ) | 5.5 |  | — |  | — |  | 5.5 |  |
| DFC Global Facility Borrower II LLC                                     | 40.0 |  | — |  | 40.0 |  | — |  | — |  | 40.0 |  |
| Dorner Holding Corp.                                                    | 3.3 |  | (1.3 | ) | 2.0 |  | — |  | — |  | 2.0 |  |
| DRB Holdings, LLC                                                       | 9.9 |  | — |  | 9.9 |  | — |  | — |  | 9.9 |  |
| DTI Holdco, Inc. and OPE DTI Holdings, Inc.                             | 8.8 |  | — |  | 8.8 |  | — |  | — |  | 8.8 |  |
| Eckler Industries, Inc.                                                 | 4.0 |  | (2.0 | ) | 2.0 |  | (2.0 | ) | — |  | — |  |
| Emergency Communications Network, LLC                                   | 6.5 |  | — |  | 6.5 |  | — |  | — |  | 6.5 |  |
| Emerus Holdings, Inc.                                                   | 2.0 |  | (0.3 | ) | 1.7 |  | — |  | — |  | 1.7 |  |
| EN Engineering, LLC                                                     | 5.0 |  | (1.2 | ) | 3.8 |  | — |  | — |  | 3.8 |  |
| Entertainment Partners, LLC and Entertainment Partners Canada Inc.      | 28.0 |  | — |  | 28.0 |  | — |  | — |  | 28.0 |  |
| Foundation Risk Partners, Corp.                                         | 19.9 |  | — |  | 19.9 |  | — |  | — |  | 19.9 |  |
| FPI Holding Corporation                                                 | 2.6 |  | — |  | 2.6 |  | — |  | — |  | 2.6 |  |
| Frontline Technologies Group Holding LLC                                | 8.4 |  | — |  | 8.4 |  | — |  | — |  | 8.4 |  |
| FWR Holding Corporation                                                 | 3.3 |  | (0.3 | ) | 3.0 |  | — |  | — |  | 3.0 |  |
| Garden Fresh Restaurant Corp.                                           | 7.5 |  | (2.9 | ) | 4.6 |  | — |  | — |  | 4.6 |  |
| Gentle Communications, LLC                                              | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |

----

|                                                                       |
|-----------------------------------------------------------------------|
|                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                                        | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| Global Franchise Group, LLC                                           | 1.2 |  | — |  | 1.2 |  | — |  | — |  | 1.2 |  |
| GraphPAD Software, LLC                                                | 1.1 |  | (0.6 | ) | 0.5 |  | — |  | — |  | 0.5 |  |
| GTCR-Ultra Acquisition, Inc. and GTCR-Ultra Holdings, LLC             | 2.0 |  | — |  | 2.0 |  | — |  | — |  | 2.0 |  |
| HAI Acquisition Corporation                                           | 19.0 |  | (4.7 | ) | 14.3 |  | — |  | — |  | 14.3 |  |
| Halex Holdings, Inc.                                                  | 2.0 |  | (1.1 | ) | 0.9 |  | — |  | — |  | 0.9 |  |
| Harvey Tool Company, LLC                                              | 35.5 |  | (1.8 | ) | 33.7 |  | — |  | — |  | 33.7 |  |
| Hojeij Branded Foods, LLC                                             | 2.9 |  | — |  | 2.9 |  | — |  | — |  | 2.9 |  |
| Hygiena Borrower LLC                                                  | 5.3 |  | — |  | 5.3 |  | — |  | — |  | 5.3 |  |
| Implementation Management Assistance, LLC                             | 24.1 |  | — |  | 24.1 |  | — |  | — |  | 24.1 |  |
| Infilaw Holdings, LLC                                                 | 11.5 |  | (11.5 | ) | — |  | — |  | — |  | — |  |
| Instituto de Banca y Comercio, Inc.                                   | 11.8 |  | (11.8 | ) | — |  | — |  | — |  | — |  |
| iPipeline, Inc.                                                       | 4.0 |  | — |  | 4.0 |  | — |  | — |  | 4.0 |  |
| JDC Healthcare Management, LLC                                        | 13.9 |  | (1.5 | ) | 12.4 |  | — |  | — |  | 12.4 |  |
| Jim N Nicks Management, LLC                                           | 9.7 |  | (1.7 | ) | 8.0 |  | — |  | — |  | 8.0 |  |
| K2 Pure Solutions Nocal, L.P.                                         | 5.0 |  | (1.5 | ) | 3.5 |  | — |  | — |  | 3.5 |  |
| KBHS Acquisition, LLC (d/b/a Alita Care, LLC)                         | 5.0 |  | (1.8 | ) | 3.2 |  | — |  | — |  | 3.2 |  |
| Key Surgical LLC                                                      | 2.8 |  | (0.9 | ) | 1.9 |  | — |  | — |  | 1.9 |  |
| KHC Holdings, Inc.                                                    | 6.9 |  | (0.7 | ) | 6.2 |  | — |  | — |  | 6.2 |  |
| Lakeland Tours, LLC                                                   | 1.9 |  | (1.9 | ) | — |  | — |  | — |  | — |  |
| LBP Intermediate Holdings LLC                                         | 0.9 |  | (0.1 | ) | 0.8 |  | — |  | — |  | 0.8 |  |
| Liaison Acquisition, LLC                                              | 3.9 |  | — |  | 3.9 |  | — |  | — |  | 3.9 |  |
| Massage Envy, LLC                                                     | 5.0 |  | (0.5 | ) | 4.5 |  | — |  | — |  | 4.5 |  |
| Massage Envy, LLC and ME Equity LLC                                   | 0.6 |  | — |  | 0.6 |  | — |  | — |  | 0.6 |  |
| MB2 Dental Solutions, LLC                                             | 3.5 |  | (1.3 | ) | 2.2 |  | — |  | — |  | 2.2 |  |
| McKenzie Sports Products, LLC                                         | 4.5 |  | (0.9 | ) | 3.6 |  | — |  | — |  | 3.6 |  |
| Ministry Brands, LLC                                                  | 19.5 |  | (10.9 | ) | 8.6 |  | — |  | — |  | 8.6 |  |
| Movati Athletic (Group) Inc.                                          | 2.8 |  | — |  | 2.8 |  | — |  | — |  | 2.8 |  |
| MSHC, Inc.                                                            | 9.8 |  | (0.1 | ) | 9.7 |  | — |  | — |  | 9.7 |  |
| MW Dental Holding Corp.                                               | 10.0 |  | (9.7 | ) | 0.3 |  | — |  | — |  | 0.3 |  |
| Navisun LLC                                                           | 42.4 |  | — |  | 42.4 |  | — |  | — |  | 42.4 |  |
| NECCO Holdings, Inc.                                                  | 25.0 |  | (21.7 | ) | 3.3 |  | (3.3 | ) | — |  | — |  |
| Niagara Fiber Intermediate Corp.                                      | 1.2 |  | (0.9 | ) | 0.3 |  | — |  | — |  | 0.3 |  |
| Nordco Inc.                                                           | 12.5 |  | — |  | 12.5 |  | — |  | — |  | 12.5 |  |
| NSM Sub Holdings Corp.                                                | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| OmniSYS Acquisition Corporation, OmniSYS, LLC, and OSYS Holdings, LLC | 2.5 |  | — |  | 2.5 |  | — |  | — |  | 2.5 |  |
| Osmose Utilities Services, Inc.                                       | 6.0 |  | (1.0 | ) | 5.0 |  | — |  | — |  | 5.0 |  |
| OTG Management, LLC                                                   | 13.6 |  | (8.4 | ) | 5.2 |  | — |  | — |  | 5.2 |  |
| Palermo Finance Corporation                                           | 1.1 |  | (0.2 | ) | 0.9 |  | — |  | — |  | 0.9 |  |
| Paper Source, Inc.                                                    | 3.3 |  | — |  | 3.3 |  | — |  | — |  | 3.3 |  |
| Pathway Partners Vet Management Company LLC                           | 2.4 |  | — |  | 2.4 |  | — |  | — |  | 2.4 |  |
| PDI TA Holdings, Inc.                                                 | 12.5 |  | (0.9 | ) | 11.6 |  | — |  | — |  | 11.6 |  |
| Pegasus Intermediate Holdings, LLC                                    | 5.0 |  | — |  | 5.0 |  | — |  | — |  | 5.0 |  |
| PIH Corporation and Primrose Holding Corporation                      | 3.3 |  | (1.0 | ) | 2.3 |  | — |  | — |  | 2.3 |  |
| Practice Insight, LLC                                                 | 2.9 |  | (0.6 | ) | 2.3 |  | — |  | — |  | 2.3 |  |
| QC Supply, LLC                                                        | 24.2 |  | (4.0 | ) | 20.2 |  | — |  | — |  | 20.2 |  |
| Restaurant Technologies, Inc.                                         | 5.4 |  | (1.1 | ) | 4.3 |  | — |  | — |  | 4.3 |  |
| Retriever Medical/Dental Payments LLC                                 | 3.5 |  | — |  | 3.5 |  | — |  | — |  | 3.5 |  |
| RuffaloCODY, LLC                                                      | 7.7 |  | (0.2 | ) | 7.5 |  | — |  | — |  | 7.5 |  |
| Sanders Industries Holdings, Inc.                                     | 15.0 |  | — |  | 15.0 |  | — |  | — |  | 15.0 |  |
| SCM Insurance Services Inc.                                           | 4.3 |  | — |  | 4.3 |  | — |  | — |  | 4.3 |  |
| SCSG EA Acquisition Company, Inc.                                     | 4.0 |  | — |  | 4.0 |  | — |  | — |  | 4.0 |  |
| Severin Acquisition, LLC                                              | 2.9 |  | — |  | 2.9 |  | — |  | — |  | 2.9 |  |

----

|                                                   |
|---------------------------------------------------|
|                                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Portfolio Company                    | Total revolving and delayed draw loan commitments | Less: drawn commitments | Total undrawn commitments | Less: commitments substantially at discretion of the Company | Less: unavailable commitments due to borrowing base or other covenant restrictions | Total net adjusted undrawn revolving and delayed draw commitments |
| SFE Intermediate Holdco LLC                       | 3.8 |  | (0.8 | ) | 3.0 |  | — |  | — |  | 3.0 |  |
| Shift PPC LLC                                     | 3.6 |  | — |  | 3.6 |  | — |  | — |  | 3.6 |  |
| Sigma Electric Manufacturing Corporation          | 10.0 |  | (1.5 | ) | 8.5 |  | — |  | — |  | 8.5 |  |
| Soil Safe, Inc. and Soil Safe Acquisition Corp.   | 10.5 |  | (4.6 | ) | 5.9 |  | — |  | — |  | 5.9 |  |
| Sonny's Enterprises, LLC                          | 1.8 |  | (1.0 | ) | 0.8 |  | — |  | — |  | 0.8 |  |
| Sparta Systems, Inc.                              | 6.5 |  | — |  | 6.5 |  | — |  | — |  | 6.5 |  |
| Storm UK Holdco Limited and Storm US Holdco Inc.  | 1.1 |  | (0.1 | ) | 1.0 |  | — |  | — |  | 1.0 |  |
| Teasdale Foods, Inc.                              | 0.8 |  | (0.4 | ) | 0.4 |  | — |  | — |  | 0.4 |  |
| The Gordian Group, Inc.                           | 1.1 |  | — |  | 1.1 |  | — |  | — |  | 1.1 |  |
| Things Remembered, Inc.                           | 2.4 |  | — |  | 2.4 |  | — |  | — |  | 2.4 |  |
| Towne Holdings, Inc.                              | 1.0 |  | — |  | 1.0 |  | — |  | — |  | 1.0 |  |
| TPTM Merger Corp.                                 | 2.5 |  | — |  | 2.5 |  | — |  | — |  | 2.5 |  |
| Urgent Cares of America Holdings I, LLC           | 10.0 |  | — |  | 10.0 |  | — |  | — |  | 10.0 |  |
| VistaPharm, Inc.                                  | 2.5 |  | — |  | 2.5 |  | — |  | — |  | 2.5 |  |
| VLS Recovery Services, LLC                        | 22.1 |  | (1.8 | ) | 20.3 |  | — |  | — |  | 20.3 |  |
| VRC Companies, LLC                                | 1.9 |  | (0.8 | ) | 1.1 |  | — |  | — |  | 1.1 |  |
| Woodstream Group, Inc. and Woodstream Corporation | 4.7 |  | — |  | 4.7 |  | — |  | — |  | 4.7 |  |
| Wrench Group LLC                                  | 4.6 |  | — |  | 4.6 |  | — |  | — |  | 4.6 |  |
| Zemax, LLC                                        | 3.0 |  | — |  | 3.0 |  | — |  | — |  | 3.0 |  |
| Zywave, Inc.                                      | 11.4 |  | (2.4 | ) | 9.0 |  | — |  | — |  | 9.0 |  |
|                                              | $ | 881.5 |  | $ | (201.5 | ) | $ | 680.0 |  | $ | (11.3 | ) | $ | — |  | $ | 668.7 |  |

|      |                                                                                                                                                                 |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (22) | As of December 31, 2017, the Company was party to subscription agreements to fund equity investments in private equity investment partnerships as follows: |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| (in millions)Company                                                       | Total private equity commitments | Less: funded private equity commitments | Total unfunded private equity commitments | Less: private equity commitments substantially at the discretion of the Company | Total net adjusted unfunded private equity commitments |
| Partnership Capital Growth Investors III, L.P.                             | $ | 5.0 |  | $ | (4.5 | ) | $ | 0.5 |  | $ | — |  | $ | 0.5 |  |
| PCG-Ares Sidecar Investment, L.P. and PCG-Ares Sidecar Investment II, L.P. | 50.0 |  | (12.1 | ) | 37.9 |  | (37.9 | ) | — |  |
| Piper Jaffray Merchant Banking Fund I, L.P.                                | 2.0 |  | (1.8 | ) | 0.2 |  | — |  | 0.2 |  |
| European Capital UK SME Debt LP                                            | 54.0 |  | (44.0 | ) | 10.0 |  | (10.0 | ) | — |  |
|                                                                       | $ | 111.0 |  | $ | (62.4 | ) | $ | 48.6 |  | $ | (47.9 | ) | $ | 0.7 |  |

|      |                                                                                                                                                                                                                                                                  |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (23) | As of December 31, 2017, the Company had commitments to co-invest in the SDLP for its portion of the SDLP’s commitment to fund delayed draw loans of up to $19. See Note 4 to the consolidated financial statements for more information on the SDLP. |

|      |                                                                                                                                                                                                                                                                                                                                                |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (24) | Other than the investments noted by this footnote, the fair value of the Company’s investments is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 8 to the consolidated financial statements for more information regarding the fair value of the Company’s investments. |

|      |                                                                                                                                                                                                                                                                                                                                                                                        |
|------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (25) | As of December 31, 2017, the net estimated unrealized loss for federal tax purposes was $0.8 billion based on a tax cost basis of $12.7 billion. As of December 31, 2017, the estimated aggregate gross unrealized loss for federal income tax purposes was $1.3 billion and the estimated aggregate gross unrealized gain for federal income tax purposes was $0.5 billion. |

----

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                      | Common Stock |   | Capital inExcess ofPar Value |   | Accumulated Undistributed (Overdistributed) Earnings |   | TotalStockholders’Equity |
|                                                                                                      | Shares |   | Amount |   |   |   |
| Balance at December 31, 2015                                                                              | 314 |  |   | $ | — |  |   | $ | 5,318 |  |   | $ | (145 | ) |   | $ | 5,173 |  |
| Repurchases of common stock                                                                               | — |  |   | — |  |   | (5 | ) |   | — |  |   | (5 | ) |
| Net investment income                                                                                     | — |  |   | — |  |   | — |  |   | 494 |  |   | 494 |  |
| Net realized gains on investments, foreign currency transactions, extinguishment of debt and other assets | — |  |   | — |  |   | — |  |   | 110 |  |   | 110 |  |
| Net unrealized losses on investments and foreign currency transactions                                    | — |  |   | — |  |   | — |  |   | (130 | ) |   | (130 | ) |
| Dividends declared and payable ($1.52 per share)                                                          | — |  |   | — |  |   | — |  |   | (477 | ) |   | (477 | ) |
| Tax reclassification of stockholders’ equity in accordance with GAAP                                | — |  |   | — |  |   | (21 | ) |   | 21 |  |   | — |  |
| Balance at December 31, 2016                                                                              | 314 |  |   | $ | — |  |   | $ | 5,292 |  |   | $ | (127 | ) |   | $ | 5,165 |  |
| Issuance of common stock in connection with the American Capital Acquisition                              | 112 |  |   | — |  |   | 1,839 |  |   | — |  |   | 1,839 |  |
| Deemed contributions from Ares Capital Management (See Note 16)                                           | — |  |   | — |  |   | 54 |  |   | — |  |   | 54 |  |
| Shares issued in connection with dividend reinvestment plan                                               | — |  |   | — |  |   | 6 |  |   | — |  |   | 6 |  |
| Issuance of Convertible Unsecured Notes (See Note 5)                                                      | — |  |   | — |  |   | 15 |  |   | — |  |   | 15 |  |
| Net investment income                                                                                     | — |  |   | — |  |   | — |  |   | 511 |  |   | 511 |  |
| Net realized gains on investments, foreign currency transactions, extinguishment of debt and other assets | — |  |   | — |  |   | — |  |   | 20 |  |   | 20 |  |
| Net unrealized gains on investments, foreign currency and other transactions                              | — |  |   | — |  |   | — |  |   | 136 |  |   | 136 |  |
| Dividends declared and payable ($1.52 per share)                                                          | — |  |   | — |  |   | — |  |   | (648 | ) |   | (648 | ) |
| Tax reclassification of stockholders’ equity in accordance with GAAP                                | — |  |   | — |  |   | (14 | ) |   | 14 |  |   | — |  |
| Balance at December 31, 2017                                                                              | 426 |  |   | $ | — |  |   | $ | 7,192 |  |   | $ | (94 | ) |   | $ | 7,098 |  |
| Net investment income                                                                                     | — |  |   | — |  |   | — |  |   | 694 |  |   | 694 |  |
| Net realized gains on investments, foreign currency transactions, extinguishment of debt and other assets | — |  |   | — |  |   | — |  |   | 419 |  |   | 419 |  |
| Net unrealized losses on investments, foreign currency and other transactions                             | — |  |   | — |  |   | — |  |   | (255 | ) |   | (255 | ) |
| Dividends declared and payable ($1.54 per share)                                                          | — |  |   | — |  |   | — |  |   | (656 | ) |   | (656 | ) |
| Tax reclassification of stockholders’ equity in accordance with GAAP                                | — |  |   | — |  |   | (19 | ) |   | 19 |  |   | — |  |
| Balance at December 31, 2018                                                                              | 426 |  |   | $ | — |  |   | $ | 7,173 |  |   | $ | 127 |  |   | $ | 7,300 |  |

----

|                                                                                                |
|------------------------------------------------------------------------------------------------|
|                                                                                                |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                           | For the Years Ended December 31, |
|                                                                                           | 2018 |   | 2017 |   | 2016 |
| OPERATING ACTIVITIES:                                                                          |   |  |   |   |   |   |  |
| Net increase in stockholders’ equity resulting from operations                           | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |
| Adjustments to reconcile net increase in stockholders’ equity resulting from operations: |   |   |   |  |   |   |  |
| Net realized gains on investments and foreign currency transactions                            | (419 | ) |   | (24 | ) |   | (110 | ) |
| Net unrealized losses (gains) on investments, foreign currency and other transactions          | 255 |  |   | (136 | ) |   | 130 |  |
| Realized losses on extinguishment of debt                                                      | — |  |   | 4 |  |   | — |  |
| Net accretion of discount on investments                                                       | (12 | ) |   | (10 | ) |   | (6 | ) |
| Payment-in-kind interest and dividends                                                         | (94 | ) |   | (79 | ) |   | (48 | ) |
| Collections of payment-in-kind interest and dividends                                          | 39 |  |   | 65 |  |   | 12 |  |
| Amortization of debt issuance costs                                                            | 18 |  |   | 18 |  |   | 14 |  |
| Net accretion of discount on notes payable                                                     | 5 |  |   | 6 |  |   | 6 |  |
| Acquisition of American Capital, net of cash acquired                                          | — |  |   | (2,381 | ) |   | — |  |
| Proceeds from sales and repayments of investments                                              | 6,747 |  |   | 7,047 |  |   | 3,711 |  |
| Purchases of investments                                                                       | (7,109 | ) |   | (7,229 | ) |   | (3,475 | ) |
| Changes in operating assets and liabilities:                                                   |   |   |   |   |   |
| Interest receivable                                                                            | 2 |  |   | 28 |  |   | 26 |  |
| Other assets                                                                                   | 37 |  |   | 32 |  |   | (11 | ) |
| Base management fees payable                                                                   | 1 |  |   | 10 |  |   | — |  |
| Income based fees payable                                                                      | 9 |  |   | (5 | ) |   | 1 |  |
| Capital gains incentive fees payable                                                           | 33 |  |   | 41 |  |   | (4 | ) |
| Accounts payable and other liabilities                                                         | (66 | ) |   | (122 | ) |   | (6 | ) |
| Interest and facility fees payable                                                             | — |  |   | 20 |  |   | (7 | ) |
| Net cash provided by (used in) operating activities                                            | 304 |  |   | (2,048 | ) |   | 707 |  |
| FINANCING ACTIVITIES:                                                                          |   |   |   |  |   |   |  |
| Net proceeds from issuance of common stock                                                     | — |  |   | 1,839 |  |   | — |  |
| Borrowings on debt                                                                             | 6,592 |  |   | 12,209 |  |   | 9,855 |  |
| Repayments and repurchases of debt                                                             | (6,241 | ) |   | (11,228 | ) |   | (10,104 | ) |
| Debt issuance costs                                                                            | (19 | ) |   | (37 | ) |   | (10 | ) |
| Dividends paid                                                                                 | (656 | ) |   | (642 | ) |   | (477 | ) |
| Repurchases of common stock                                                                    | — |  |   | — |  |   | (5 | ) |
| Net cash provided by (used in) financing activities                                            | (324 | ) |   | 2,141 |  |   | (741 | ) |
| CHANGE IN CASH AND CASH EQUIVALENTS                                                            | (20 | ) |   | 93 |  |   | (34 | ) |
| CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD                                                 | 316 |  |   | 223 |  |   | 257 |  |
| CASH AND CASH EQUIVALENTS, END OF PERIOD                                                       | $ | 296 |  |   | $ | 316 |  |   | $ | 223 |  |
| Supplemental Information:                                                                      |   |   |   |  |   |   |  |
| Interest paid during the period                                                                | $ | 201 |  |   | $ | 171 |  |   | $ | 168 |  |
| Taxes, including excise tax, paid during the period                                            | $ | 20 |  |   | $ | 24 |  |   | $ | 18 |  |
| Dividends declared and payable during the period                                               | $ | 656 |  |   | $ | 648 |  |   | $ | 477 |  |
| Deemed contribution from Ares Capital Management (see Note 16)                                 |   |   | $ | 54 |  |   |   |

----

----

|         |                                                                                                                                                                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company’s quarterly valuation process begins with each portfolio company or investment being initially valued by the investment professionals responsible for the portfolio investment in conjunction with the Company’s portfolio management team. |

|         |                                                                                                                                                                                                                                            |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Preliminary valuations are reviewed and discussed with the Company’s investment adviser’s management and investment professionals, and then valuation recommendations are presented to the Company’s board of directors. |

|         |                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The audit committee of the Company’s board of directors reviews these valuations, as well as the input of third parties, including independent third-party valuation firms who have reviewed a portion of the investments in the Company’s portfolio at fair value. |

|         |                                                                                                                                                                                                                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The Company’s board of directors discusses valuations and ultimately determines the fair value of each investment in the Company’s portfolio without a readily available market quotation in good faith based on, among other things, the input of the Company’s investment adviser, audit committee and, where applicable, independent third-party valuation firms. |

----

|                 |                                                                                                                                    |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------|
| (1)   | Fair value of investment securities, other assets and liabilities—at the exchange rates prevailing at the end of the period. |

|     |                                                                                                                                                                            |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Purchases and sales of investment securities, income and expenses—at the exchange rates prevailing on the respective dates of such transactions, income or expenses. |

----

----

----

|         |                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | No income based fee in any calendar quarter in which the Company’s pre- incentive fee net investment income does not exceed the hurdle rate; |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | 100% of the Company’s pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.1875% in any calendar quarter. The Company refers to this portion of its pre-incentive fee net investment income (which exceeds the hurdle rate but is less than 2.1875%) as the “catch-up” provision. The “catch-up” is meant to provide the Company’s investment adviser with 20% of the pre-incentive fee net investment income as if a hurdle rate did not apply if this net investment income exceeded 2.1875% in any calendar quarter; and |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | 20% of the amount of the Company’s pre-incentive fee net investment income, if any, that exceeds 2.1875% in any calendar quarter. |

----

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |
|                                 | For the years ended December 31, |
|                                 | 2018 |   | 2017 |   | 2016 |
| Base management fees                 | $ | 180 |  |   | $ | 171 |  |   | $ | 137 |  |
|                                 |   |   |   |   |   |
| Income based fees                    | $ | 169 |  |   | $ | 134 |  |   | $ | 123 |  |
| Waiver of income based fees          | (40 | ) |   | (30 | ) |   | — |  |
| Income based fees, net of Fee Waiver | $ | 129 |  |   | $ | 104 |  |   | $ | 123 |  |
|                                 |   |   |   |   |   |
| Capital gains incentive fees(1)      | $ | 33 |  |   | $ | 41 |  | (2) | $ | (5 | ) |

|     |                                                        |
|-----|--------------------------------------------------------|
| (1) | Calculated in accordance with GAAP as discussed below. |

|     |                                                                                                                                                                                                                                                                                                                                 |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Includes $11 of capital gains incentive fees recorded in connection with the American Capital Acquisition as a result of the fair value of the net assets acquired exceeding the fair value of the merger consideration paid by the Company. See Note 16 for additional information regarding the American Capital Acquisition. |

----

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                      | As of December 31, |
|                                      | 2018 |   | 2017 |
|                                      | Amortized Cost(1) |   | Fair Value |   | Amortized Cost(1) |   | Fair Value |
| First lien senior secured loans           | $ | 5,976 |  |   | $ | 5,836 |  |   | $ | 5,337 |  |   | $ | 5,197 |  |
| Second lien senior secured loans          | 3,878 |  |   | 3,657 |  |   | 3,885 |  |   | 3,744 |  |
| Subordinated certificates of the SDLP (2) | 652 |  |   | 652 |  |   | 487 |  |   | 487 |  |
| Senior subordinated loans                 | 717 |  |   | 727 |  |   | 978 |  |   | 995 |  |
| Collateralized loan obligations           | 44 |  |   | 45 |  |   | 115 |  |   | 114 |  |
| Preferred equity securities               | 576 |  |   | 444 |  |   | 485 |  |   | 532 |  |
| Other equity securities                   | 911 |  |   | 1,056 |  |   | 618 |  |   | 772 |  |
| Total                                     | $ | 12,754 |  |   | $ | 12,417 |  |   | $ | 11,905 |  |   | $ | 11,841 |  |

|     |                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------|
| (1) | The amortized cost represents the original cost adjusted for the accretion of discounts and amortization of premiums, if any. |

|     |                                                                                                                                                                                                                               |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | The proceeds from these certificates were applied to co-investments with Varagon and its clients to fund first lien senior secured loans to 21 and 19 different borrowers as of December 31, 2018 and 2017, respectively. |

----

|                                  |
|----------------------------------|
|                                  |  |  |  |  |  |
|                             | As of December 31, |
|                             | 2018 |   | 2017 |
| Industry                         |   |   |   |
| Healthcare Services              | 21.7 | % |   | 22.5 | % |
| Business Services                | 17.9 |  |   | 19.2 |  |
| Consumer Products                | 8.3 |  |   | 6.8 |  |
| Financial Services               | 6.6 |  |   | 4.3 |  |
| Investment Funds and Vehicles(1) | 6.2 |  |   | 5.8 |  |
| Manufacturing                    | 6.1 |  |   | 6.0 |  |
| Other Services                   | 5.7 |  |   | 6.2 |  |
| Power Generation                 | 4.8 |  |   | 3.6 |  |
| Restaurants and Food Services    | 3.8 |  |   | 3.3 |  |
| Oil and Gas                      | 3.0 |  |   | 2.5 |  |
| Food and Beverage                | 2.9 |  |   | 4.3 |  |
| Automotive Services              | 2.8 |  |   | 3.0 |  |
| Wholesale Distribution           | 2.3 |  |   | 2.5 |  |
| Education                        | 2.2 |  |   | 3.0 |  |
| Containers and Packaging         | 1.5 |  |   | 2.1 |  |
| Other                            | 4.2 |  |   | 4.9 |  |
| Total                            | 100.0 | % |   | 100.0 | % |

|     |                                                                                                                                                                                                                                                                                                           |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes the Company’s investment in the SDLP, which had made first lien senior secured loans to 21 and 19 different borrowers as of December 31, 2018 and 2017, respectively. The portfolio companies in the SDLP are in industries similar to the companies in the Company’s portfolio. |

|                   |
|-------------------|
|                   |  |  |  |  |  |
|              | As of December 31, |
|              | 2018 |   | 2017 |
| Geographic Region |   |   |   |
| Midwest           | 31.4 | % |   | 25.3 | % |
| West(1)           | 24.0 |  |   | 23.9 |  |
| Southeast         | 18.8 |  |   | 28.5 |  |
| Mid Atlantic      | 18.2 |  |   | 15.0 |  |
| Northeast         | 5.4 |  |   | 3.9 |  |
| International     | 2.2 |  |   | 3.4 |  |
| Total             | 100.0 | % |   | 100.0 | % |

|     |                                                                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Includes the Company’s investment in the SDLP, which represented 5.3% and 4.1% of the total investment portfolio at fair value as of December 31, 2018 and 2017, respectively. |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |  |
|                                                             | As of December 31, |
|                                                             | 2018 |   | 2017 |
| Total capital funded to the SDLP(1)                              | $ | 3,104 |  |   | $ | 2,319 |  |
| Total capital funded to the SDLP by the Company(1)               | $ | 652 |  |   | $ | 487 |  |
| Total unfunded capital commitments to the SDLP(2)                | $ | 187 |  |   | $ | 92 |  |
| Total unfunded capital commitments to the SDLP by the Company(2) | $ | 39 |  |   | $ | 19 |  |

|     |                                                                                                                                    |
|-----|------------------------------------------------------------------------------------------------------------------------------------|
| (2) | These commitments have been approved by the investment committee of the SDLP and will be funded as the transactions are completed. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |
|                                        | As of December 31, |
|                                        | 2018 |   | 2017 |
| Total first lien senior secured loans(1)    | $ | 3,086 |  |   | $ | 2,316 |  |
| Largest loan to a single borrower(1)        | $ | 249 |  |   | $ | 200 |  |
| Total of five largest loans to borrowers(1) | $ | 1,132 |  |   | $ | 947 |  |
| Number of borrowers in the SDLP             | 21 |  |   | 19 |  |
| Commitments to fund delayed draw loans(2)   | $ | 187 |  |   | $ | 92 |  |

|     |                                                                                                   |
|-----|---------------------------------------------------------------------------------------------------|
| (2) | As discussed above, these commitments have been approved by the investment committee of the SDLP. |

----

----

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                       | As of December 31, |   |
|                       | 2018 |   | 2017 |   |
|                       | Total Aggregate Principal Amount Committed/ Outstanding (1) |   | Principal Amount Outstanding |   | Carrying Value |   | Total Aggregate Principal Amount Committed/ Outstanding (1) |   | Principal Amount Outstanding |   | Carrying Value |   |
| Revolving Credit Facility  | $ | 2,133 |  | (2) | $ | 1,064 |  |   | $ | 1,064 |  |   | $ | 2,108 |  |   | $ | 395 |  |   | $ | 395 |  |   |
| Revolving Funding Facility | 1,000 |  |   | 520 |  |   | 520 |  |   | 1,000 |  |   | 600 |  |   | 600 |  |   |
| SMBC Funding Facility      | 400 |  |   | 245 |  |   | 245 |  |   | 400 |  |   | 60 |  |   | 60 |  |   |
| SBA Debentures             | — |  |   | — |  |   | — |  | (3) | 50 |  |   | — |  |   | — |  |   |
| 2018 Convertible Notes     | — |  |   | — |  |   | — |  |   | 270 |  |   | 270 |  |   | 270 |  | (4) |
| 2019 Convertible Notes     | 300 |  |   | 300 |  |   | 300 |  | (4) | 300 |  |   | 300 |  |   | 298 |  | (4) |
| 2022 Convertible Notes     | 388 |  |   | 388 |  |   | 372 |  | (4) | 388 |  |   | 388 |  |   | 368 |  | (4) |
| 2018 Notes                 | — |  |   | — |  |   | — |  |   | 750 |  |   | 750 |  |   | 748 |  | (5) |
| 2020 Notes                 | 600 |  |   | 600 |  |   | 598 |  | (6) | 600 |  |   | 600 |  |   | 597 |  | (6) |
| 2022 Notes                 | 600 |  |   | 600 |  |   | 595 |  | (7) | 600 |  |   | 600 |  |   | 593 |  | (7) |
| 2023 Notes                 | 750 |  |   | 750 |  |   | 744 |  | (8) | 750 |  |   | 750 |  |   | 743 |  | (8) |
| 2025 Notes                 | 600 |  |   | 600 |  |   | 593 |  | (9) | — |  |   | — |  |   | — |  |   |
| 2047 Notes                 | 230 |  |   | 230 |  |   | 183 |  | (10) | 230 |  |   | 230 |  |   | 182 |  | (10) |
| Total                      | $ | 7,001 |  |   | $ | 5,297 |  |   | $ | 5,214 |  |   | $ | 7,446 |  |   | $ | 4,943 |  |   | $ | 4,854 |  |   |

|     |                                                                                                                                                                   |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Subject to borrowing base, leverage and other restrictions. Represents the total aggregate amount committed or outstanding, as applicable, under such instrument. |

|                 |                                                                                                                                                                               |
|-----------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|  (2)  | Provides for a feature that allows the Company, under certain circumstances, to increase the size of the Revolving Credit Facility (as defined below) to a maximum of $3,133. |

|     |                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------|
| (3) | See below for more information on the termination of the undrawn SBA Debenture (as defined below) commitments. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Represents the aggregate principal amount outstanding of the Convertible Unsecured Notes (as defined below). As of December 31, 2018, the total unamortized debt issuance costs and the unaccreted discount for the 2019 Convertible Notes and the 2022 Convertible Notes (each as defined below) were $0 and $16, respectively. As of December 31, 2017, the total unamortized debt issuance costs and the unaccreted discount for the 2018 Convertible Notes, the 2019 Convertible Notes and the 2022 Convertible Notes were $0, $2 and $20, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Represents the aggregate principal amount outstanding of the 2018 Notes (as defined below) less unamortized debt issuance costs and plus the net unamortized premium that was recorded upon the issuances of the 2018 Notes. As of December 31, 2017, the total unamortized debt issuance costs less the net unamortized premium was $2. |

|     |                                                                                                                                                                                                                                                                                                                                                             |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Represents the aggregate principal amount outstanding of the 2020 Notes (as defined below) less unamortized debt issuance costs and the net unaccreted discount recorded upon the issuances of the 2020 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the net unaccreted discount was $2 and $3, respectively. |

|     |                                                                                                                                                                                                                                                                                                                                                     |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Represents the aggregate principal amount outstanding of the 2022 Notes (as defined below), less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2022 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the unaccreted discount was $5 and $7, respectively. |

----

|     |                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (8) |  Represents the aggregate principal amount outstanding of the 2023 Notes (as defined below), less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2023 Notes. As of December 31, 2018 and 2017, the total unamortized debt issuance costs and the unaccreted discount was $6 and $7, respectively. |

|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (10) | Represents the aggregate principal amount outstanding of the 2047 Notes (as defined below) less the unaccreted purchased discount recorded as a part of the Allied Acquisition (as defined below). As of December 31, 2018 and 2017, the total unaccreted purchased discount was $47 and $48, respectively. The carrying value represents the outstanding principal amount of the 2047 Notes less the unaccreted purchased discount recorded as a part of the Allied Acquisition. |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |
|                                            | For the Years Ended December 31, |
|                                            | 2018 |  | 2017 |  | 2016 |
| Stated interest expense                         | $ | 17 |  |   | $ | 15 |  |   | $ | 18 |  |
| Facility fees                                   | 7 |  |   | 7 |  |   | 2 |  |
| Amortization of debt issuance costs             | 4 |  |   | 4 |  |   | 3 |  |
| Total interest and credit facility fees expense | $ | 28 |  |   | $ | 26 |  |   | $ | 23 |  |
| Cash paid for interest expense                  | $ | 16 |  |   | $ | 15 |  |   | $ | 18 |  |
| Average stated interest rate                    | 3.93 | % |   | 2.90 | % |   | 2.29 | % |
| Average outstanding balance                     | $ | 443 |  |   | $ | 514 |  |   | $ | 799 |  |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |
|                                            | For the Years Ended December 31, |
|                                            | 2018 |   | 2017 |   | 2016 |
| Stated interest expense                         | $ | 8 |  |   | $ | 17 |  |   | $ | 4 |  |
| Facility fees                                   | 8 |  |   | 4 |  |   | 2 |  |
| Amortization of debt issuance costs             | 3 |  |   | 3 |  |   | 2 |  |
| Total interest and credit facility fees expense | $ | 19 |  |   | $ | 24 |  |   | $ | 8 |  |
| Cash paid for interest expense                  | $ | 10 |  |   | $ | 14 |  |   | $ | 3 |  |
| Average stated interest rate                    | 4.16 | % |   | 3.41 | % |   | 2.80 | % |
| Average outstanding balance                     | $ | 204 |  |   | $ | 512 |  |   | $ | 142 |  |

----

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |  |  |  |  |
|                                            |   | For the Years Ended December 31, |
|                                            |   | 2018 |   | 2017 |   | 2016 |
| Stated interest expense                         |   | $ | 1 |  |   | $ | 2 |  |  | $ | 3 |  |
| Facility fees                                   |   | 2 |  |   | 1 |  |  | 1 |  |
| Amortization of debt issuance costs             |   | 2 |  |   | 1 |  |  | 1 |  |
| Total interest and credit facility fees expense |   | $ | 5 |  |   | $ | 4 |  |  | $ | 5 |  |
| Cash paid for interest expense                  |   | $ | 1 |  |   | $ | 2 |  |  | $ | 3 |  |
| Average stated interest rate                    |   | 4.11 | % |   | 2.87 | % |  | 2.29 | % |
| Average outstanding balance                     |   | $ | 29 |  |   | $ | 76 |  |  | $ | 112 |  |

|                                                 |
|-------------------------------------------------|
|                                                 |  |  |  |  |  |  |  |  |
|                                            |   | For the Years Ended December 31, |
|                                            |   | 2017 |   | 2016 |
| Stated interest expense                         |   | $ | 1 |  |   | $ | 1 |  |
| Amortization of debt issuance costs             |   | — |  |   | — |  |
| Total interest and credit facility fees expense |   | $ | 1 |  |   | $ | 1 |  |
| Cash paid for interest expense                  |   | $ | 1 |  |   | $ | 1 |  |
| Average stated interest rate                    |   | 3.48 | % |   | 3.41 | % |
| Average outstanding balance                     |   | $ | 17 |  |   | $ | 25 |  |

----

|                                                                      |
|----------------------------------------------------------------------|
|                                                                      |  |  |  |  |  |  |  |  |
|                                                                 | 2019 Convertible Notes |   | 2022 Convertible Notes |   |
| Conversion premium                                                   | 15.0 |  | % | 15.0 |  | % |
| Closing stock price at issuance                                      | $ | 17.53 |  |   | $ | 16.86 |  |   |
| Closing stock price date                                             | July 15, 2013 |  |   | January 23, 2017 |  |   |
| Conversion price (1)                                                 | $ | 19.96 |  |   | $ | 19.37 |  |   |
| Conversion rate (shares per one thousand dollar principal amount)(1) | 50.0897 |  |   | 51.6380 |  |   |
| Conversion dates                                                     | July 15, 2018 |  |   | August 1, 2021 |  |   |

|     |                                                                                                                                                                                       |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Represents conversion price and conversion rate, as applicable, as of December 31, 2018, taking into account certain de minimis adjustments that will be made on the conversion date. |

|                                                        |
|--------------------------------------------------------|
|                                                        |  |  |  |  |  |  |  |  |
|                                                   |   | 2019Convertible Notes |   | 2022 Convertible Notes |
| Debt and equity component percentages, respectively(1) |   | 99.8% and 0.2% |  |   | 96.0% and 4.0% |  |
| Debt issuance costs(1)                                 |   | $ | 4 |  |   | $ | 9 |  |
| Equity issuance costs(1)                               |   | $ | — |  |   | $ | — |  |
| Equity component, net of issuance costs(2)             |   | $ | 1 |  |   | $ | 15 |  |

|     |                      |
|-----|----------------------|
| (1) | At time of issuance. |

|     |                                                  |
|-----|--------------------------------------------------|
| (2) | At time of issuance and as of December 31, 2018. |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |  |  |
|                                      |   | 2019 Convertible Notes |   | 2022 Convertible Notes |
| Principal amount of debt                  |   | $ | 300 |  |   | $ | 388 |  |
| Original issue discount, net of accretion |   | — |  |   | (10 | ) |
| Debt issuance costs                       |   | — |  |   | (6 | ) |
| Carrying value of debt                    |   | $ | 300 |  |   | $ | 372 |  |
| Stated interest rate                      |   | 4.375 | % |   | 3.750 | % |
| Effective interest rate(1)                |   | 4.7 | % |   | 4.5 | % |

|     |                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The effective interest rate of the debt component of the Convertible Unsecured Notes is equal to the stated interest rate plus the accretion of original issue discount. |

|                                      |
|--------------------------------------|
|                                      |  |  |  |  |  |  |  |  |  |  |  |
|                                 | For the Years Ended December 31, |
|                                 | 2018 |   | 2017 |   | 2016 |
| Stated interest expense              | $ | 28 |  |   | $ | 41 |  |   | $ | 42 |  |
| Amortization of debt issuance costs  | 3 |  |   | 4 |  |   | 4 |  |
| Accretion of original issue discount | 3 |  |   | 5 |  |   | 6 |  |
| Total interest expense               | $ | 34 |  |   | $ | 50 |  |   | $ | 52 |  |
| Cash paid for interest expense       | $ | 34 |  |   | $ | 37 |  |   | $ | 56 |  |

----

|                                          |
|------------------------------------------|
|                                          |  |  |  |  |  |  |  |  |  |  |  |
|                                     | For the Years Ended December 31, |
|                                     | 2018 |   | 2017 |   | 2016 |
| Stated interest expense                  | $ | 146 |  |   | $ | 113 |  |   | $ | 93 |  |
| Amortization of debt issuance costs      | 6 |  |   | 6 |  |   | 4 |  |
| Net accretion of original issue discount | 1 |  |   | 1 |  |   | — |  |
| Accretion of purchase discount           | 1 |  |   | — |  |   | — |  |
| Total interest expense                   | $ | 154 |  |   | $ | 120 |  |   | $ | 97 |  |
| Cash paid for interest expense           | $ | 140 |  |   | $ | 102 |  |   | $ | 87 |  |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              |   | As of December 31, 2018 |
| Description                       |   | Notional Amount |   | Maturity Date |   | Gross Amount of Recognized Assets |   | Gross Amount of Recognized Liabilities |   | Balance Sheet Location of Net Amounts |
| Foreign currency forward contract |   | CAD | 5 |  |   | 1/4/2019 |   | — |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | CAD | 9 |  |   | 1/14/2019 |   | — |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | CAD | 103 |  |   | 2/15/2019 |   | 2 |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | CAD | 33 |  |   | 3/22/2019 |   | — |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | € | 15 |  |   | 1/14/2019 |   | — |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | € | 1 |  |   | 2/15/2019 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | € | 24 |  |   | 3/6/2019 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | £ | 72 |  |   | 2/15/2019 |   | 2 |  |   | — |  |   | Other Assets |
| Total                             |   |   |   |   |   |   | $ | 4 |  |   | $ | — |  |   |   |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                              |   | As of December 31, 2017 |
| Description                       |   | Notional Amount |   | Maturity Date |   | Gross Amount of Recognized Assets |   | Gross Amount of Recognized Liabilities |   | Balance Sheet Location of Net Amounts |
| Foreign currency forward contract |   | CAD | 4 |  |   | 1/4/2018 |   | $ | — |  |   | $ | — |  |   | Other Assets |
| Foreign currency forward contract |   | CAD | 10 |  |   | 1/16/2018 |   | — |  |   | — |  |   | Other Assets |
| Foreign currency forward contract |   | CAD | 103 |  |   | 2/16/2018 |   | — |  |   | (1 | ) |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | € | 15 |  |   | 1/16/2018 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | € | 8 |  |   | 2/15/2018 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | € | 2 |  |   | 3/15/2018 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | £ | 68 |  |   | 2/15/2018 |   | — |  |   | (2 | ) |   | Accounts payable and other liabilities |
| Foreign currency forward contract |   | £ | 9 |  |   | 2/16/2018 |   | — |  |   | — |  |   | Accounts payable and other liabilities |
| Total                             |   |   |   |   |   |   | $ | — |  |   | $ | (3 | ) |   |   |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | As of December 31, 2018 |
| Description        |   | Payment Terms |   | Notional Amount |   | Maturity Date |   | Gross Amount of Recognized Assets |   | Gross Amount of Recognized Liabilities |   | Balance Sheet Location of Net Amounts |
| Interest rate swap |   | Pay fixed 2.0642% | Receive Floating One-Month LIBOR of 2.44% |   | $ | 395 |  |   | 1/4/2021 |   | $ | 4 |  |   | $ | — |  |   | Other assets |
| Total              |   |   |   |   |   |   |   |   |   | $ | 4 |  |   | $ | — |  |   |   |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               |   | As of December 31, 2017 |
| Description        |   | Payment Terms |   | Notional Amount |   | Maturity Date |   | Gross Amount of Recognized Assets |   | Gross Amount of Recognized Liabilities |   | Balance Sheet Location of Net Amounts |
| Interest rate swap |   | Pay Fixed 2.0642% | Receive Floating One-Month LIBOR of 1.50% |   | $ | 395 |  |   | 1/4/2021 |   | $ | — |  |   | $ | (1 | ) |   | Accounts payable and other liabilities |
| Total              |   |   |   |   |   |   |   |   |   | $ | — |  |   | $ | (1 | ) |   |   |

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |  |  |  |  |  |
|                                                                               | As of December 31, |
|                                                                               | 2018 |   | 2017 |
| Total revolving and delayed draw loan commitments                                  | $ | 1,915 |  |   | $ | 881 |  |
| Less: drawn commitments                                                            | (377 | ) |   | (201 | ) |
| Total undrawn commitments                                                          | 1,538 |  |   | 680 |  |
| Less: commitments substantially at discretion of the Company                       | (6 | ) |   | (11 | ) |
| Less: unavailable commitments due to borrowing base or other covenant restrictions | — |  |   | — |  |
| Total net adjusted undrawn revolving and delayed draw loan commitments             | $ | 1,532 |  |   | $ | 669 |  |

----

|                                                                             |
|-----------------------------------------------------------------------------|
|                                                                             |  |  |  |  |  |  |  |
|                                                                        | As of December 31, |
|                                                                        | 2018 |   | 2017 |
| Total private equity commitments                                            | $ | 114 |  |   | $ | 111 |  |
| Less: funded private equity commitments                                     | (73 | ) |   | (62 | ) |
| Total unfunded private equity commitments                                   | 41 |  |   | 49 |  |
| Less: private equity commitments substantially at discretion of the Company | (41 | ) |   | (48 | ) |
| Total net adjusted unfunded private equity commitments                      | $ | — |  |   | $ | 1 |  |

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |
| For the Years Ending December 31, |   | Amount |
| 2019                              |   | $ | 25 |  |
| 2020                              |   | 24 |  |
| 2021                              |   | 24 |  |
| 2022                              |   | 24 |  |
| 2023                              |   | 25 |  |
| Thereafter                        |   | 37 |  |
| Total                             |   | $ | 159 |  |

----

|                                   |
|-----------------------------------|
|                                   |  |  |  |  |
| For the Years Ending December 31, |   | Amount |
| 2019                              |   | $ | 19 |  |
| 2020                              |   | 18 |  |
| 2021                              |   | 18 |  |
| 2022                              |   | 17 |  |
| 2023                              |   | 17 |  |
| Thereafter                        |   | 31 |  |
| Total                             |   | $ | 120 |  |

|         |                                                                                                                                                        |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 1—Valuations based on quoted prices in active markets for identical assets or liabilities that the Company has the ability to access. |

|         |                                                                                                                                                                        |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Level 2—Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | Level 3—Valuations based on inputs that are unobservable and significant to the overall fair value measurement. |

----

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                  |   | As of December 31, 2018 |   |
|                                  |   |   |   |   |   | Unobservable Input |   |
| Asset Category                   |   | Fair Value |   | Primary Valuation Techniques |   | Input |   | Estimated Range |   | Weighted Average |   |
| First lien senior secured loans       |   | $ | 5,836 |  |   | Yield analysis |   | Market yield |   | 5.4% - 17.1% |   | 9.2% |   |
| Second lien senior secured loans      |   | 3,657 |  |   | Yield analysis |   | Market yield |   | 9.8% - 20.2% |   | 11.9% |   |
| Subordinated certificates of the SDLP |   | 652 |  |   | Discounted cash flow analysis |   | Discount rate |   | 12.5% - 13.5% |   | 13.0% |   |
| Senior subordinated loans             |   | 727 |  |   | Yield analysis |   | Market yield |   | 10.0% - 16.8% |   | 13.0% |   |
| Collateralized loan obligations       |   | 45 |  |   | Discounted cash flow analysis |   | Discount rate |   | 10.0% - 15.6% |   | 14.1% |   |
|                                  |   |   |   |   |   | Constant prepayment rate |   | 10.0% - 30.0% |   | 20.0% |   |
|                                  |   |   |   |   |   | Constant default rate |   | 1.0% - 2.5% |   | 2.0% |   |
| Preferred equity securities           |   | 444 |  |   | EV market multiple analysis |   | EBITDA multiple |   | 4.2x - 20.0x |   | 12.9x |   |
| Other equity securities and other     |   | 1,046 |  |   | EV market multiple analysis |   | EBITDA multiple |   | 5.0x - 22.9x |   | 10.8x |   |
| Total investments                     |   | $ | 12,407 |  |   |   |   |   |   |   |   |   |   |

----

|                                       |
|---------------------------------------|
|                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                  |   | As of December 31, 2017 |   |
|                                  |   |   |   |   |   | Unobservable Input |   |
| Asset Category                   |   | Fair Value |   | Primary Valuation Techniques |   | Input |   | Estimated Range |   | Weighted Average |   |
| First lien senior secured loans       |   | $ | 5,197 |  |   | Yield analysis |   | Market yield |   | 4.2% - 19.8% |   | 8.7 | % |   |
| Second lien senior secured loans      |   | 3,744 |  |   | Yield analysis |   | Market yield |   | 8.7% - 17.5% |   | 10.9 | % |   |
| Subordinated certificates of the SDLP |   | 487 |  |   | Discounted cash flow analysis |   | Discount rate |   | 11.5% - 12.5% |   | 12.0 | % |   |
| Senior subordinated loans             |   | 995 |  |   | Yield analysis |   | Market yield |   | 9.7% - 17.5% |   | 13.2 | % |   |
| Collateralized loan obligations       |   | 114 |  |   | Discounted cash flow analysis |   | Discount rate |   | 4.3% - 16.4% |   | 10.2 | % |   |
|                                  |   |   |   |   |   | Constant prepayment rate |   | 18.7% - 27.1% |   | 21.8 | % |   |
|                                  |   |   |   |   |   | Constant default rate |   | 1.8% - 2.6% |   | 2.3 | % |   |
| Preferred equity securities           |   | 532 |  |   | EV market multiple analysis |   | EBITDA multiple |   | 3.0x - 19.0x |   | 11.2x |  |   |
| Other equity securities and other     |   | 755 |  |   | EV market multiple analysis |   | EBITDA multiple |   | 3.5x - 19.0x |   | 10.4x |  |   |
| Total investments                     |   | $ | 11,824 |  |   |   |   |   |   |   |   |   |   |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Fair Value Measurements Using |
|                                        | Total |   | Level 1 |   | Level 2 |   | Level 3 |
| Cash and cash equivalents                   | $ | 296 |  |   | $ | 296 |  |   | $ | — |  |   | $ | — |  |
| Investments not measured at net asset value | $ | 12,407 |  |   | $ | — |  |   | $ | — |  |   | $ | 12,407 |  |
| Investments measured at net asset value (1) | 10 |  |   |   |   |   |   |   |
|  Total investments                     | $ | 12,417 |  |   |   |   |   |   |   |
| Derivatives                                 | $ | 8 |  |   | $ | — |  |   | $ | 8 |  |   | $ | — |  |

|     |                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. |

----

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                        | Fair Value Measurements Using |
|                                        | Total |   | Level 1 |   | Level 2 |   | Level 3 |
| Cash and cash equivalents                   | $ | 316 |  |   | $ | 316 |  |   | $ | — |  |   | $ | — |  |
| Investments not measured at net asset value | $ | 11,824 |  |   | $ | — |  |   | $ | — |  |   | $ | 11,824 |  |
| Investments measured at net asset value (1) | 17 |  |   |   |   |   |   |   |
|   Total investments               | $ | 11,841 |  |   |   |   |   |   |   |
| Derivatives                                 | $ | (4 | ) |   | $ | — |  |   | $ | (4 | ) |   | $ | — |  |

|     |                                                                                                                                                                                                                                                                                                                                                                     |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the consolidated balance sheet. |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |
|                                        | As of and For the Year Ended December 31, 2018 |
| Balance as of December 31, 2017             | $ | 11,824 |  |
| Net realized gains                          | 406 |  |
| Net unrealized losses                       | (271 | ) |
| Purchases                                   | 7,135 |  |
| Sales                                       | (2,614 | ) |
| Redemptions                                 | (4,179 | ) |
| Payment-in-kind interest and dividends      | 94 |  |
| Net accretion of discount on securities     | 12 |  |
| Net transfers in and/or out of Level 3 | — |  |
| Balance as of December 31, 2018             | $ | 12,407 |  |

----

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |
|                                                             | As of and For theYear EndedDecember 31, 2017 |
| Balance as of December 31, 2016                                  | $ | 8,813 |  |
| Net realized gains                                               | 43 |  |
| Net unrealized gains                                             | 141 |  |
| Investments acquired as part of the American Capital Acquisition | 2,527 |  |
| Purchases                                                        | 7,228 |  |
| Sales                                                            | (1,838 | ) |
| Redemptions                                                      | (5,179 | ) |
| Payment-in-kind interest and dividends                           | 79 |  |
| Net accretion of discount on securities                          | 10 |  |
| Net transfers in and/or out of Level 3                      | — |  |
| Balance as of December 31, 2017                                  | $ | 11,824 |  |

|                                                                                    |
|------------------------------------------------------------------------------------|
|                                                                                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                               | As of December 31, |
|                                                                               | 2018 |   | 2017 |
|                                                                               | Carrying value(1) |   | Fair value |   | Carrying value(1) |   | Fair value |
| Revolving Credit Facility                                                          | $ | 1,064 |  |   | $ | 1,064 |  |   | $ | 395 |  |   | $ | 395 |  |
| Revolving Funding Facility                                                         | 520 |  |   | 520 |  |   | 600 |  |   | 600 |  |
| SMBC Funding Facility                                                              | 245 |  |   | 245 |  |   | 60 |  |   | 60 |  |
| 2018 Convertible Notes (principal amount outstanding of $0 and $270, respectively) | — |  | (2) | — |  |   | 270 |  | (2) | 270 |  |
| 2019 Convertible Notes (principal amount outstanding of $300)                      | 300 |  | (2) | 300 |  |   | 298 |  | (2) | 307 |  |
| 2022 Convertible Notes (principal amount outstanding of $388)                      | 372 |  | (2) | $ | 388 |  |   | 368 |  | (2) | 398 |  |
| 2018 Notes (principal amount outstanding of $0 and $750, respectively)             | — |  |   | — |  |   | 748 |  | (3) | 767 |  |
| 2020 Notes (principal amount outstanding of $600)                                  | 598 |  | (4) | 602 |  |   | 597 |  | (4) | 611 |  |
| 2022 Notes (principal amount outstanding of $600)                                  | 595 |  | (5) | 584 |  |   | 593 |  | (5) | 603 |  |
| 2023 Notes (principal amount outstanding of $750)                                  | 744 |  | (6) | 711 |  |   | 743 |  | (6) | 740 |  |
| 2025 Notes (principal amount outstanding of $600 and $0, respectively)             | 593 |  | (7) | 570 |  |   | — |  |   | — |  |
| 2047 Notes (principal amount outstanding of $230)                                  | 183 |  | (8) | 224 |  |   | 182 |  | (8) | 231 |  |
|                                                                               | $ | 5,214 |  | (9) | $ | 5,208 |  |   | $ | 4,854 |  | (9) | $ | 4,982 |  |

|     |                                                                                                                                                                |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The Revolving Credit Facility, the Revolving Funding Facility and the SMBC Funding Facility carrying values are the same as the principal amounts outstanding. |

----

|     |                                                                                                                                                                                                      |
|-----|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Represents the aggregate principal amount outstanding of the Convertible Unsecured Notes less unamortized debt issuance costs and the unaccreted discount recorded upon the issuances of such notes. |

|     |                                                                                                                                                                                              |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (3) | Represents the aggregate principal amount outstanding of the 2018 Notes less unamortized debt issuance costs plus the net unamortized premium recorded upon the issuances of the 2018 Notes. |

|     |                                                                                                                                                                                             |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | Represents the aggregate principal amount outstanding of the 2020 Notes less unamortized debt issuance costs and the net unaccreted discount recorded upon the issuances of the 2020 Notes. |

|     |                                                                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | Represents the aggregate principal amount outstanding of the 2022 Notes less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2022 Notes. |

|     |                                                                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (6) | Represents the aggregate principal amount outstanding of the 2023 Notes less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2023 Notes. |

|     |                                                                                                                                                                                        |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | Represents the aggregate principal amount outstanding of the 2025 Notes less unamortized debt issuance costs and the unaccreted discount recorded upon the issuance of the 2025 Notes. |

|     |                                                                                                                 |
|-----|-----------------------------------------------------------------------------------------------------------------|
| (8) | Represents the aggregate principal amount outstanding of the 2047 Notes less the unaccreted purchased discount. |

|     |                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------|
| (9) | Total principal amount of debt outstanding totaled $5,297 and $4,943 as of December 31, 2018 and 2017, respectively. |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |  |  |
|                                         |   | As of December 31, |
| Fair Value Measurements Using |   | 2018 |   | 2017 |
| Level 1                                      |   | $ | 224 |  |   | $ | 231 |  |
| Level 2                                      |   | 4,984 |  |   | 4,751 |  |
| Total                                        |   | $ | 5,208 |  |   | $ | 4,982 |  |

----

|                                                                                                       |
|-------------------------------------------------------------------------------------------------------|
|                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                  | For the Years Ended December 31, |
|                                                                                                  | 2018 |   | 2017 |   | 2016 |
| Net increase in stockholders’ equity resulting from operations available to common stockholders | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |
| Weighted average shares of common stock outstanding—basic and diluted                           | 426 |  |   | 425 |  |   | 314 |  |
| Basic and diluted net increase in stockholders’ equity resulting from operations per share      | $ | 2.01 |  |   | $ | 1.57 |  |   | $ | 1.51 |  |

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |
|               | For the Years Ended December 31, |
|               | 2018 |   | 2017 |   | 2016 |
| Ordinary income(1) | $ | 1.54 |  |   | $ | 1.45 |  |   | $ | 1.26 |  |
| Capital gains      | — |  |   | 0.07 |  |   | 0.26 |  |
| Total(2)           | $ | 1.54 |  |   | $ | 1.52 |  |   | $ | 1.52 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | For the year ended December 31, 2018, ordinary income did not include dividend income that qualified to be taxed at the maximum capital gains rate or, in case of certain eligible corporate shareholders, dividends eligible for the dividends received deduction. For the years ended December 31, 2017 and 2016, ordinary income included dividend income of approximately $0.0296 and $0.0892, per share, respectively, that qualified to be taxed at the maximum capital gains rate and, in the case of certain eligible corporate shareholders, dividends that were eligible for the dividends received deduction. |

|     |                                                                                                                                                                                         |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | For the years ended December 31, 2018, 2017 and 2016, the percentage of total dividends paid that constituted interest-related dividends were 85.4%, 86.8% and 81.4%, respectively. |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                  | For the Years Ended December 31, |
|                                                                                  | 2018 |   | 2017 |   | 2016 |
|                                                                                  | (Estimated)(1) |   |   |   |   |
| Net increase in stockholders’ equity resulting from operations                  | $ | 858 |  |   | $ | 667 |  |   | $ | 474 |  |
| Adjustments:                                                                          |   |   |   |   |   |
| Net unrealized losses (gains) on investments, foreign currency and other transactions | 255 |  |   | (136 | ) |   | 130 |  |
| Income not currently taxable                                                          | (96 | ) |   | (114 | ) |   | (59 | ) |
| Income for tax but not book                                                           | 62 |  |   | 224 |  |   | 57 |  |
| Expenses not currently deductible                                                     | 52 |  |   | 96 |  |   | 37 |  |
| Expenses for tax but not book                                                         | (78 | ) |   | (24 | ) |   | (6 | ) |
| Realized gain/loss differences(2)                                                     | (433 | ) |   | (47 | ) |   | (78 | ) |
| Taxable income                                                                        | $ | 620 |  |   | $ | 666 |  |   | $ | 555 |  |

|     |                                                                                                                                                                                                                                                                                                                                                                                               |
|-----|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (1) | The calculation of estimated 2018 U.S. federal taxable income is based on certain estimated amounts, including information received from third parties and, as a result, actual 2018 U.S. federal taxable income will not be finally determined until the Company’s 2018 U.S. federal tax return is filed in 2019 (and, therefore, such estimate is subject to change). |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (2) | Certain realized gain/loss differences are the result of the realization of certain tax only capital losses on the investments acquired in the Allied Acquisition. Because the Allied Acquisition was a “tax-free” reorganization under the Code, realized losses for tax purposes can differ from GAAP. Note that unlike the Allied Acquisition, the American Capital Acquisition was treated as a taxable purchase of the American Capital assets for purposes of the Company’s taxable income calculations; therefore, realized gains or losses for tax purposes are generally consistent with realized gains or losses under GAAP. |

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |
| Date declared                                                   |   | Record date |   | Payment date |   | Per shareamount |   | Total amount |
| October 31, 2018                                                |   | December 14, 2018 |   | December 28, 2018 |   | $ | 0.39 |  |   | $ | 166 |  |
| August 1, 2018                                                  |   | September 14, 2018 |   | September 28, 2018 |   | $ | 0.39 |  |   | $ | 166 |  |
| May 2, 2018                                                     |   | June 15, 2018 |   | June 29, 2018 |   | $ | 0.38 |  |   | $ | 162 |  |
| February 13, 2018                                               |   | March 15, 2018 |   | March 30, 2018 |   | $ | 0.38 |  |   | $ | 162 |  |
| Total declared and payable for the year ended December 31, 2018 |   |   |   |   |   | $ | 1.54 |  |   | $ | 656 |  |
| November 2, 2017                                                |  | December 15, 2017 |  | December 29, 2017 |  | $ | 0.38 |  |   | $ | 162 |  |
| August 2, 2017                                                  |  | September 15, 2017 |  | September 29, 2017 |  | $ | 0.38 |  |   | $ | 162 |  |
| May 3, 2017                                                     |  | June 15, 2017 |  | June 30, 2017 |  | $ | 0.38 |  |   | $ | 162 |  |
| February 22, 2017                                               |  | March 15, 2017 |  | March 31, 2017 |  | $ | 0.38 |  |   | $ | 162 |  |
| Total declared and payable for the year ended December 31, 2017 |  |  |  |  |  | $ | 1.52 |  |   | $ | 648 |  |
| November 2, 2016                                                |  | December 15, 2016 |  | December 30, 2016 |  | $ | 0.38 |  |   | $ | 119 |  |
| August 3, 2016                                                  |  | September 15, 2016 |  | September 30, 2016 |  | $ | 0.38 |  |   | $ | 119 |  |
| May 4, 2016                                                     |  | June 15, 2016 |  | June 30, 2016 |  | $ | 0.38 |  |   | $ | 119 |  |
| February 26, 2016                                               |  | March 15, 2016 |  | March 31, 2016 |  | $ | 0.38 |  |   | $ | 120 |  |
| Total declared and payable for the year ended December 31 2016  |  |  |  |  |  | $ | 1.52 |  |   | $ | 477 |  |

----

|                                                                                                             |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                        | For the Years Ended December 31, |   |
|                                                                                                        | 2018 |   | 2017 |   | 2016 |   |
| Shares issued                                                                                               | — |  |   | 0.4 |  |   | — |  |   |
| Average issue price per share                                                                               | $ | — |  |   | $ | 17.38 |  |   | $ | — |  |   |
| Shares purchased by plan agent to satisfy dividends declared and payable during the period for stockholders | 1.8 |  | (1) | 1.5 |  | (2) | 1.3 |  | (3) |
| Average purchase price per share                                                                            | $ | 16.30 |  |   | $ | 16.28 |  |   | $ | 15.14 |  |   |

----

|                                                                |
|----------------------------------------------------------------|
|                                                                |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                           | As of and For the Years Ended December 31, |   |
| Per Share Data:                                                | 2018 |   | 2017 |   | 2016 |   |
| Net asset value, beginning of period(1)                        | $ | 16.65 |  |   | $ | 16.45 |  |   | $ | 16.46 |  |   |
| Issuances of common stock                                      | — |  |   | (0.01 | ) |   | — |  |   |
| Repurchases of common stock                                    | — |  |   | — |  |   | — |  |   |
| Deemed contribution from Ares Capital Management (See Note 16) | — |  |   | 0.13 |  |   | — |  |   |
| Issuances of convertible notes                                 | — |  |   | 0.04 |  |   | — |  |   |
| Net investment income for period(2)                            | 1.63 |  |   | 1.20 |  |   | 1.57 |  |   |
| Net realized and unrealized gains (losses) for period(2)       | 0.38 |  |   | 0.36 |  |   | (0.06 | ) |   |
| Net increase in stockholders’ equity                     | 2.01 |  |   | 1.72 |  |   | 1.51 |  |   |
| Total distributions to stockholders(3)                         | (1.54 | ) |   | (1.52 | ) |   | (1.52 | ) |   |
| Net asset value at end of period(1)                            | $ | 17.12 |  |   | $ | 16.65 |  |   | $ | 16.45 |  |   |
| Per share market value at end of period                        | $ | 15.58 |  |   | $ | 15.72 |  |   | $ | 16.49 |  |   |
| Total return based on market value(4)                          | 8.91 |  | % | 4.55 |  | % | 26.39 |  | % |
| Total return based on net asset value(5)                       | 12.10 |  | % | 10.53 |  | % | 9.15 |  | % |
| Shares outstanding at end of period                            | 426 |  |   | 426 |  |   | 314 |  |   |
| Ratio/Supplemental Data:                                       |   |  |   |   |   |   |   |
| Net assets at end of period                                    | $ | 7,300 |  |   | $ | 7,098 |  |   | $ | 5,165 |  |   |
| Ratio of operating expenses to average net assets(6)(7)        | 8.63 |  | % | 9.45 |  | % | 9.59 |  | % |
| Ratio of net investment income to average net assets(6)(8)     | 9.60 |  | % | 7.65 |  | % | 9.58 |  | % |
| Portfolio turnover rate(6)                                     | 54 |  | % | 51 |  | % | 39 |  | % |

|     |                                                                                                    |
|-----|----------------------------------------------------------------------------------------------------|
| (1) | The net assets used equals the total stockholders’ equity on the consolidated balance sheet. |

|     |                                        |
|-----|----------------------------------------|
| (2) | Weighted average basic per share data. |

|     |                                                                                               |
|-----|-----------------------------------------------------------------------------------------------|
| (3) | Includes an additional dividend of $0.05 per share for the three months ended March 31, 2015. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (4) | For the year ended December 31, 2018, the total return based on market value equaled the decrease of the ending market value at December 31, 2018 of $15.58 per share from the ending market value at December 31, 2017 of $15.72 per share plus the declared and payable dividends of $1.54 per share for the year ended December 31, 2018, divided by the market value at December 31, 2017. For the year ended December 31, 2017, the total return based on market value equaled the decrease of the ending market value at December 31, 2017 of $15.72 per share from the ending market value at December 31, 2016 of $16.49 per share plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2017, divided by the market value at December 31, 2016. For the year ended December 31, 2016, the total return based on market value equaled the increase of the ending market value at December 31, 2016 of $16.49 per share from the ending market value at December 31, 2015 of $14.25 per share plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2016, divided by the market value at December 31, 2015. The Company’s shares fluctuate in value. The Company’s performance changes over time and currently may be different than that shown. Past performance is no guarantee of future results. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (5) | For the year ended December 31, 2018, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.54 per share for the year ended December 31, 2018, divided by the beginning net asset value for the period. For the year ended December 31, 2017, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2017, divided by the beginning net asset value for the period. For the year ended December 31, 2016, the total return based on net asset value equaled the change in net asset value during the period plus the declared and payable dividends of $1.52 per share for the year ended December 31, 2016, divided |

----

|     |                                          |
|-----|------------------------------------------|
| (6) | The ratios reflect an annualized amount. |

|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| (7) | For the year ended December 31, 2018, the ratio of operating expenses to average net assets consisted of 2.49% of base management fees, 2.24% of income based fees and capital gains incentive fees, net of the Fee Waiver (2.79% of income based fees and capital gains incentive fees excluding the Fee Waiver), 3.33% of the cost of borrowing and 0.57% of other operating expenses. For the year ended December 31, 2017, the ratio of operating expenses to average net assets consisted of 2.57% of base management fees, 2.18% of income based fees and capital gains incentive fees, net of the Fee Waiver (2.32% of income based fees and capital gains incentive fees excluding the Fee Waiver, 3.37% of the cost of borrowing and 1.33% of other operating expenses. For the year ended December 31, 2016, the ratio of operating expenses to average net assets consisted of 2.64% of base management fees, 2.29% of income based fees and capital gains incentive fees, 3.58% of the cost of borrowing and 1.08% of other operating expenses. |

|     |                                                                                                                      |
|-----|----------------------------------------------------------------------------------------------------------------------|
| (8) | The ratio of net investment income to average net assets excludes income taxes related to realized gains and losses. |

|                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                            | 2018 |
|                                                                                                                                                                            | Q4 |   | Q3 |   | Q2 |   | Q1 |
| Total investment income                                                                                                                                                         | $ | 345 |  |   | $ | 342 |  |   | $ | 333 |  |   | $ | 317 |  |
| Net investment income before net realized and unrealized gains (losses) and income based fees and capital gains incentive fees, net of waiver of income based fees (See Note 3) | $ | 229 |  |   | $ | 225 |  |   | $ | 210 |  |   | $ | 192 |  |
| Income based fees and capital gains incentive fees, net of waiver of income based fees (See Note 3)                                                                             | $ | 26 |  |   | $ | 40 |  |   | $ | 48 |  |   | $ | 48 |  |
| Net investment income before net realized and unrealized gains (losses)                                                                                                         | $ | 203 |  |   | $ | 185 |  |   | $ | 162 |  |   | $ | 144 |  |
| Net realized and unrealized gains (losses)                                                                                                                                      | $ | (50 | ) |   | $ | 24 |  |   | $ | 92 |  |   | $ | 98 |  |
| Net increase in stockholders’ equity resulting from operations                                                                                                            | $ | 153 |  |   | $ | 209 |  |   | $ | 254 |  |   | $ | 242 |  |
| Basic and diluted earnings per common share                                                                                                                                     | $ | 0.36 |  |   | $ | 0.49 |  |   | $ | 0.60 |  |   | $ | 0.57 |  |
| Net asset value per share as of the end of the quarter                                                                                                                          | $ | 17.12 |  |   | $ | 17.16 |  |   | $ | 17.05 |  |   | $ | 16.84 |  |

|                                                                                                                                                                                 |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                            | 2017 |
|                                                                                                                                                                            | Q4 |   | Q3 |   | Q2 |   | Q1 |
| Total investment income                                                                                                                                                         | $ | 307 |  |   | $ | 294 |  |   | $ | 284 |  |   | $ | 275 |  |
| Net investment income before net realized and unrealized gains (losses) and income based fees and capital gains incentive fees, net of waiver of income based fees (See Note 3) | $ | 185 |  |   | $ | 175 |  |   | $ | 154 |  |   | $ | 142 |  |
| Income based fees and capital gains incentive fees, net of waiver of income based fees (See Note 3)                                                                             | $ | 45 |  |   | $ | 22 |  |   | $ | 30 |  |   | $ | 48 |  |
| Net investment income before net realized and unrealized gains                                                                                                                  | $ | 140 |  |   | $ | 153 |  |   | $ | 124 |  |   | $ | 94 |  |
| Net realized and unrealized gains (losses)                                                                                                                                      | $ | 92 |  |   | $ | (14 | ) |   | $ | 54 |  |   | $ | 24 |  |
| Net increase in stockholders’ equity resulting from operations                                                                                                            | $ | 232 |  |   | $ | 139 |  |   | $ | 178 |  |   | $ | 118 |  |
| Basic and diluted earnings per common share                                                                                                                                     | $ | 0.54 |  |   | $ | 0.33 |  |   | $ | 0.42 |  |   | $ | 0.28 |  |
| Net asset value per share as of the end of the quarter                                                                                                                          | $ | 16.65 |  |   | $ | 16.49 |  |   | $ | 16.54 |  |   | $ | 16.50 |  |

----

|                                                                                                                       |
|-----------------------------------------------------------------------------------------------------------------------|
|                                                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                  | 2016 |
|                                                                                                                  | Q4 |   | Q3 |   | Q2 |   | Q1 |
| Total investment income                                                                                               | $ | 261 |  |   | $ | 258 |  |   | $ | 245 |  |   | $ | 248 |  |
| Net investment income before net realized and unrealized gains and income based fees and capital gains incentive fees | $ | 157 |  |   | $ | 164 |  |   | $ | 144 |  |   | $ | 147 |  |
| Income based fees and capital gains incentive fees                                                                    | $ | 19 |  |   | $ | 27 |  |   | $ | 39 |  |   | $ | 33 |  |
| Net investment income before net realized and unrealized gains                                                        | $ | 138 |  |   | $ | 137 |  |   | $ | 105 |  |   | $ | 114 |  |
| Net realized and unrealized gains (losses)                                                                            | $ | (63 | ) |   | $ | (28 | ) |   | $ | 53 |  |   | $ | 18 |  |
| Net increase in stockholders’ equity resulting from operations                                                  | $ | 75 |  |   | $ | 109 |  |   | $ | 158 |  |   | $ | 132 |  |
| Basic and diluted earnings per common share                                                                           | $ | 0.24 |  |   | $ | 0.35 |  |   | $ | 0.50 |  |   | $ | 0.42 |  |
| Net asset value per share as of the end of the quarter                                                                | $ | 16.45 |  |   | $ | 16.59 |  |   | $ | 16.62 |  |   | $ | 16.50 |  |

----

|                                                  |
|--------------------------------------------------|
|                                                  |  |  |  |
| Common stock issued by the Company               | $ | 1,839 |  |
| Cash consideration paid by the Company           | 1,502 |  |
| Deemed contribution from Ares Capital Management | 54 |  |
| Total purchase price                             | $ | 3,395 |  |
| Assets acquired:                                 |   |
| Investments(1)                                   | $ | 2,543 |  |
| Cash and cash equivalents                        | 961 |  |
| Other assets(2)                                  | 117 |  |
|   Total assets acquired                | 3,621 |  |
| Liabilities assumed(3)                           | (226 | ) |
|   Net assets acquired                  | $ | 3,395 |  |

|                            |
|----------------------------|
|                            |  |  |  |
| Receivable for open trades | $ | 45 |  |
| Escrows receivable         | 41 |  |
| Interest receivable        | 9 |  |
| Other assets               | 22 |  |
| Total                      | $ | 117 |  |

|                                        |
|----------------------------------------|
|                                        |  |  |  |
| Severance and other payroll related    | $ | 95 |  |
| Lease abandonments                     | 55 |  |
| Long term incentive plan (see Note 13) | 31 |  |
| Escrows payable                        | 25 |  |
| Other liabilities                      | 20 |  |
| Total                                  | $ | 226 |  |

----

----

|        |
|--------|
|        |  |  |
|   | ARES CAPITAL CORPORATION |
|   |   |   |
|   | By: | /s/ R. KIPP DEVEER |
|   |   | R. Kipp deVeerChief Executive Officer and Director |
|   |   | Date: February 12, 2019 |

|        |
|--------|
|        |  |  |
| By:    | /s/ R. KIPP DEVEER |   |
|   | R. Kipp deVeerChief Executive Officer (principal executive officer) andDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ PENNI F. ROLL |   |
|   | Penni F. RollChief Financial Officer (principal financial officer) |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ SCOTT C. LEM |   |
|   | Scott C. LemChief Accounting Officer (principal accounting officer) |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ MICHAEL J AROUGHETI |   |
|   | Michael J AroughetiDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ STEVE BARTLETT |   |
|   | Steve BartlettDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ ANN TORRE BATES |   |
|   | Ann Torre BatesDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ STEVEN B. MCKEEVER |   |
|   | Steven B. McKeeverDirector |   |
|   | Date: February 12, 2019 |   |

----

|        |
|--------|
|        |  |  |
| By:    | /s/ DANIEL KELLY, JR. |   |
|   | Daniel Kelly, Jr.Director |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ ROBERT L. ROSEN |   |
|   | Robert L. RosenDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ BENNETT ROSENTHAL |   |
|   | Bennett Rosenthal Director |   |
|   | Date: February 12, 2019 |   |
|   |   |   |
| By:    | /s/ ERIC B. SIEGEL |   |
|   | Eric B. SiegelDirector |   |
|   | Date: February 12, 2019 |   |
|   |   |   |