Consolidated Schedule of Investments In and Advances To Affiliates

12 Months Ended

Dec. 31, 2025

Investments in and Advances to Affiliates [Abstract]

Consolidated Schedule of Investments In and Advances To Affiliates

Consolidated Schedule of Investments In and Advances To Affiliates

		Year Ended December 31, 2025
Name of Portfolio Company	Investment Type(1)	Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ (Depreciation)		Interest		Dividends		Fees		Total Income(2)		December 31, 2024, Fair Value(5)		Gross Additions(3)		Gross Reductions(4)		December 31, 2025, Fair Value(5)
Affiliate Investments
Contract Datascan Holdings, Inc.	Preferred Equity(7)	$	—	$	(3,896)	$	—	$	1,207	$	—	$	1,207	$	11,890	$	1,207	$	(3,896)	$	9,201
	Preferred Equity(7)	—		(6)		—		140		—		140		—		2,890		(6)		2,884
	Common Equity(6)	—		(441)		—		—		—		—		441		—		(441)		—
	Warrants(6)	—		—		—		—		—		—		—		—		—		—
	Warrants(6)	—		—		—		—		—		—		—		—		—		—
		—		(4,343)		—		1,347		—		1,347		12,331		4,097		(4,343)		12,085
DRS Imaging Services, LLC	Common Equity(6)	—		1,481		—		—		—		—		1,190		1,481		—		2,671
Pfanstiehl Holdings, Inc.	Common Equity	—		(9,877)		—		273		—		273		89,298		—		(9,877)		79,421
SSJA Bariatric Management LLC(8)	First Lien Debt	—		1		5		—		—		5		—		236		(1)		235
	First Lien Debt	—		2,939		60		—		—		60		—		13,367		(9,563)		3,804
	First Lien Debt(6)	—		317		—		—		—		—		—		1,033		(1,033)		—
	First Lien Debt(6)	—		797		—		—		—		—		—		2,600		(2,600)		—
	First Lien Debt(6)	—		81		—		—		—		—		—		266		(266)		—
	Common Equity(6)	—		—		—		—		—		—		—		—		—		—
	Common Equity(6)	—		(7,928)		—		—		—		—		—		9,657		(7,928)		1,729
		—		(3,793)		65		—		—		65		—		27,159		(21,391)		5,768

		Year Ended December 31, 2025
Name of Portfolio Company	Investment Type(1)	Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ (Depreciation)		Interest		Dividends		Fees		Total Income(2)		December 31, 2024, Fair Value(5)		Gross Additions(3)		Gross Reductions(4)		December 31, 2025, Fair Value(5)
TalentSmart Holdings, LLC(9)	Common Equity(6)	$	—	$	17	$	—	$	—	$	—	$	—	$	1,604	$	—	$	(1,604)	$	—
Total Affiliate Investments		$	—	$	(16,515)	$	65	$	1,620	$	—	$	1,685	$	104,423	$	32,737	$	(37,215)	$	99,945

(1)Principal balance of debt investments and ownership detail for equity investments are shown in the consolidated schedule of investments. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.

(2)Represents the total amount of interest, fees or dividends included in 2025 income for the portion of the year ended December 31, 2025, that an investment was included in Control or Affiliate Investment categories, respectively.

(3)Gross additions include increases in cost basis resulting from a new portfolio investment, PIK interest, fees and dividends, accretion of OID, and net increases in unrealized net appreciation or decreases in net unrealized depreciation. Gross additions also include transfers of portfolio companies, at fair value, out of the non-affiliate/non-control classification to the affiliate classification during the period.

(4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments and sales, exchange of securities related to restructurings, and net decreases in net unrealized appreciation or net increases in net unrealized depreciation. Gross reductions also include transfers of portfolio companies, at fair value, out of the affiliate classification to the non-affiliate/non-control classification during the period.

(5)Fair value was determined using significant unobservable inputs. See Note 5 for further details.

(6)Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.

(7)Dividends credited to income include dividends contractually earned but not declared (i.e., PIK dividends).

(8)During the year ended December 31, 2025, the Company restructured its investments in the portfolio company which resulted in the portfolio company transferring to an affiliate classification as of December 31, 2025.

(9)As of December 31, 2025, the portfolio company is no longer classified as an affiliate investment due to the Company’s partial sale of its common equity investment during the year ended December 31, 2025.

		Year Ended December 31, 2024
Name of Portfolio Company	Investment Type(1)	Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ (Depreciation)		Interest		Dividends		Fees		Total Income(2)		December 31, 2023, Fair Value(5)		Gross Additions(3)		Gross Reductions(4)		December 31, 2024, Fair Value(5)
Affiliate Investments
Contract Datascan Holdings, Inc.	Preferred Equity(7)	$	—	$	480	$	—	$	1,098	$	—	$	1,098	$	10,312	$	1,578	$	—	$	11,890
	Common Equity(6)	—		170		—		—		—		—		271		170		—		441
		—		650		—		1,098		—		1,098		10,583		1,748		—		12,331
DRS Imaging Services, LLC	Common Equity	—		797		—		—		—		—		393		797		—		1,190
Master Cutlery, LLC	Subordinated Debt(6)	(4,352)		4,680		—		—		—		—		—		4,680		(4,680)		—
	Preferred Equity(6)	(3,483)		3,483		—		—		—		—		—		3,483		(3,483)		—
	Common Equity(6)	—		—		—		—		—		—		—		—		—		—
		(7,835)		8,163		—		—		—		—		—		8,163		(8,163)		—
Pfanstiehl Holdings, Inc.	Common Equity	—		18,371		—		1,093		—		1,093		70,927		18,371		—		89,298
TalentSmart Holdings, LLC	Common Equity(6)	—		468		—		—		—		—		1,136		468		—		1,604
TRS Services, LLC	Preferred Equity(7)	572		(2,410)		—		1,891		—		1,891		2,507		—		(2,507)		—
	Common Equity(6)	757		(713)		—		—		—		—		1,285		—		(1,285)		—
		1,329		(3,123)		—		1,891		—		1,891		3,792		—		(3,792)		—
Total Affiliate Investments		$	(6,506)	$	25,326	$	—	$	4,082	$	—	$	4,082	$	86,831	$	29,547	$	(11,955)	$	104,423

(1)Principal balance of debt investments and ownership detail for equity investments are shown in the consolidated schedule of investments. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.

(2)Represents the total amount of interest, fees or dividends included in 2024 income for the portion of the year ended December 31, 2024, that an investment was included in Control or Affiliate Investment categories, respectively.

(3)Gross additions include increases in cost basis resulting from a new portfolio investment, PIK interest, fees and dividends, accretion of OID, and net increases in unrealized net appreciation or decreases in net unrealized depreciation.

(4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments and sales, and net decreases in net unrealized appreciation or net increases in net unrealized depreciation.

(5)Fair value was determined using significant unobservable inputs. See Note 5 for further details.

(6)Non-income producing.

(7)Dividends credited to income include (or portion thereof) dividends contractually earned but not declared (i.e, PIK dividends).