10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended June 30, 2023

OR

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from to

Commission File Number 001-36364

Sixth Street Specialty Lending, Inc.

(Exact name of registrant as specified in its charter)

Delaware	27-3380000
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
2100 McKinney Avenue, Suite 1500, Dallas, TX	75201
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (469) 621-3001

Not applicable

Former name, former address and former fiscal year, if changed since last report.

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01 per share	TSLX	The New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☐ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☒	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of shares of the registrant’s common stock, $.01 par value per share, outstanding at August 3, 2023 was 87,241,231.

1

SIXTH STREET SPECIALTY LENDING, INC.

	INDEX	PAGE NO.
PART I.	FINANCIAL INFORMATION	4
Item 1.	Financial Statements	4
	Consolidated Balance Sheets as of June 30, 2023 (Unaudited) and December 31, 2022	4
	Consolidated Statements of Operations for the three and six months ended June 30, 2023 and 2022 (Unaudited)	5
	Consolidated Schedules of Investments as of June 30, 2023 (Unaudited) and December 31, 2022	6
	Consolidated Statements of Changes in Net Assets for the three and six months ended June 30, 2023 and 2022 (Unaudited)	21
	Consolidated Statements of Cash Flows for the six months ended June 30, 2023 and 2022 (Unaudited)	22
	Notes to Consolidated Financial Statements (Unaudited)	23
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	46
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	65
Item 4.	Controls and Procedures	66
PART II.	OTHER INFORMATION	67
Item 1.	Legal Proceedings	67
Item 1A.	Risk Factors	67
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	70
Item 3.	Defaults Upon Senior Securities	70
Item 4.	Mine Safety Disclosures	70
Item 5.	Other Information	70
Item 6.	Exhibits	71
SIGNATURES		72

2

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This report contains forward-looking statements that involve substantial risks and uncertainties. These forward-looking statements are not historical facts, but rather are based on current expectations, estimates and projections about us, our current and prospective portfolio investments, our industry, our beliefs, and our assumptions. Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “would,” “should,” “targets,” “projects,” and variations of these words and similar expressions are intended to identify forward-looking statements. These statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict, that could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements.

In addition to factors previously identified elsewhere in the reports and other documents Sixth Street Specialty Lending, Inc. has filed with the Securities and Exchange Commission, or SEC, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance:

•an economic downturn, including the current and future economic effects of the COVID-19 pandemic, could impair our portfolio companies’ abilities to continue to operate, which could lead to the loss of some or all of our investments in those portfolio companies;

•such an economic downturn could disproportionately impact the companies in which we have invested and others that we intend to target for investment, potentially causing us to experience a decrease in investment opportunities and diminished demand for capital from these companies;

•such an economic downturn could also impact availability and pricing of our financing;

•an inability to access the capital markets could impair our ability to raise capital and our investment activities;

•inflation could negatively impact our business, including our ability to access the debt markets on favorable terms, or could negatively impact our portfolio companies; and

•the risks, uncertainties and other factors we identify in the section entitled “Risk Factors” in this report, in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 16, 2023, and elsewhere in our filings with the SEC.

Although we believe that the assumptions on which these forward-looking statements are based are reasonable, some of those assumptions are based on the work of third parties and any of those assumptions could prove to be inaccurate; as a result, forward-looking statements based on those assumptions also could prove to be inaccurate. In light of these and other uncertainties, the inclusion of a projection or forward-looking statement in this report should not be regarded as a representation by us that our plans and objectives will be achieved. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this report. We do not undertake any obligation to update or revise any forward-looking statements or any other information contained herein, except as required by applicable law.

The “TSLX” and “TAO” marks are marks of Sixth Street.

3

PART I. FINANCIAL INFORMATION

Item 1. Financial Statements

Sixth Street Specialty Lending, Inc.

Consolidated Balance Sheets

(Amounts in thousands, except share and per share amounts)

(Unaudited)

	June 30,			December 31,
	2023			2022
Assets
Investments at fair value
Non-controlled, non-affiliated investments (amortized cost of $2,993,190 and $2,707,442, respectively)	$	3,022,333		$	2,717,170
Controlled, affiliated investments (amortized cost of $72,169 and $67,284, respectively)		66,654			70,755
Total investments at fair value (amortized cost of $3,065,359 and $2,774,726, respectively)		3,088,987			2,787,925
Cash and cash equivalents (restricted cash of $15,115 and $15,437, respectively)		25,855			25,647
Interest receivable		23,239			18,846
Prepaid expenses and other assets		3,088			4,529
Total Assets	$	3,141,169		$	2,836,947
Liabilities
Debt (net of deferred financing costs of $20,531 and $17,760, respectively)	$	1,623,301		$	1,441,796
Management fees payable to affiliate		11,110			10,526
Incentive fees on net investment income payable to affiliate		10,507			10,918
Incentive fees on net capital gains accrued to affiliate		8,570			6,064
Other payables to affiliate		3,546			3,265
Other liabilities		23,606			22,809
Total Liabilities		1,680,640			1,495,378
Commitments and contingencies (Note 8)
Net Assets
Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares    issued and outstanding		—			—
Common stock, $0.01 par value; 400,000,000 shares authorized, 87,905,481    and 82,053,537 shares issued, respectively; and 87,241,231 and 81,389,287    shares outstanding, respectively		879			821
Additional paid-in capital		1,395,409			1,294,751
Treasury stock at cost; 664,250 and 664,250 shares held, respectively		(10,459	)		(10,459	)
Distributable earnings		74,700			56,456
Total Net Assets		1,460,529			1,341,569
Total Liabilities and Net Assets	$	3,141,169		$	2,836,947
Net Asset Value Per Share	$	16.74		$	16.48

The accompanying notes are an integral part of these consolidated financial statements.

4

Sixth Street Specialty Lending, Inc.

Consolidated Statements of Operations

(Amounts in thousands, except share and per share amounts)

(Unaudited)

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Income
Investment income from non-controlled, non-affiliated investments:
Interest from investments	$	96,221		$	56,747		$	184,655		$	117,907
Paid-in-kind interest income		4,644			3,298			7,647			6,371
Dividend income		797			1,123			1,405			1,358
Other income		4,075			1,589			6,832			3,350
Total investment income from non-controlled, non-affiliated investments		105,737			62,757			200,539			128,986
Investment income from non-controlled, affiliated investments:
Interest from investments		—			—			—			133
Total investment income from non-controlled, affiliated investments		—			—			—			133
Investment income from controlled, affiliated investments:
Interest from investments		1,867			1,130			3,570			2,195
Other income		1			1			2			2
Total investment income from controlled, affiliated investments		1,868			1,131			3,572			2,197
Total Investment Income		107,605			63,888			204,111			131,316
Expenses
Interest		32,442			11,963			60,928			21,565
Management fees		11,410			9,488			22,143			18,818
Incentive fees on net investment income		10,507			6,724			19,988			14,601
Incentive fees on net capital gains		749			(9,122	)		2,506			(7,699	)
Professional fees		1,749			1,815			3,505			3,298
Directors’ fees		174			174			357			366
Other general and administrative		1,188			1,286			2,203			2,745
Total expenses		58,219			22,328			111,630			53,694
Management fees waived (Note 3)		(300	)		(12	)		(556	)		(12	)
Net Expenses		57,919			22,316			111,074			53,682
Net Investment Income Before Income Taxes		49,686			41,572			93,037			77,634
Income taxes, including excise taxes		902			750			1,316			1,100
Net Investment Income		48,784			40,822			91,721			76,534
Unrealized and Realized Gains (Losses)
Net change in unrealized gains (losses):
Non-controlled, non-affiliated investments		7,662			(56,727	)		19,416			(62,348	)
Non-controlled, affiliated investments		—			—			—			(14,350	)
Controlled, affiliated investments		(2,783	)		(4,045	)		(8,987	)		12,174
Translation of other assets and liabilities in foreign currencies		(2,000	)		7,671			(3,004	)		5,872
Interest rate swaps		(57	)		(1,650	)		174			(4,594	)
Total net change in unrealized gains (losses)		2,822			(54,751	)		7,599			(63,246	)
Realized gains (losses):
Non-controlled, non-affiliated investments		1,623			423			6,436			431
Non-controlled, affiliated investments		—			—			—			13,673
Foreign currency transactions		(139	)		(19	)		286			(32	)
Total net realized gains (losses)		1,484			404			6,722			14,072
Total Net Unrealized and Realized Gains (Losses)		4,306			(54,347	)		14,321			(49,174	)
Increase (Decrease) in Net Assets Resulting from Operations	$	53,090		$	(13,525	)	$	106,042		$	27,360
Earnings (Loss) per common share—basic	$	0.63		$	(0.18	)	$	1.28		$	0.36
Weighted average shares of common stock outstanding—basic		84,223,032			76,265,661			82,819,734			76,119,681
Earnings per common share—diluted	$	0.63		$	(0.15	)	$	1.28		$	0.36
Weighted average shares of common stock outstanding—diluted		84,223,032			81,846,634			82,819,734			81,700,654

The accompanying notes are an integral part of these consolidated financial statements.

5

Sixth Street Specialty Lending, Inc.

Consolidated Schedule of Investments as of June 30, 2023

(Amounts in thousands, except share amounts)

(Unaudited)

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate		Amortized Cost (2)(8)		Fair Value (9)	Percentage of Net Assets
Debt Investments
Automotive
Bestpass, Inc. (3)(5)	First-lien loan ($40,000 par, due 5/2029)	5/26/2023	SOFR + 5.75%	10.85%	$	38,859	$	39,000	2.7%
Carlstar Group, LLC (3)	First-lien loan ($32,725 par, due 7/2027)	7/8/2022	SOFR + 6.60%	11.69%		31,966		32,622	2.2%
						70,825		71,622	4.9%
Business Services
Acceo Solutions, Inc. (3)(4)(5)	First-lien loan (CAD 57,353 par, due 10/2025)	7/6/2018	C + 4.75%	10.02%		43,306		43,559 (CAD 57,640)	2.9%
Alpha Midco, Inc. (3)(5)	First-lien loan ($68,802 par, due 8/2025)	8/15/2019	SOFR + 7.65%	12.99%		68,053		69,671	4.8%
BCTO Ignition Purchaser, Inc. (3)	First-lien holdco loan ($30,000 par, due 10/2030)	4/18/2023	SOFR + 9.00%	13.98% PIK		29,124		29,325	2.0%
Dye & Durham Corp. (3)(4)	First-lien loan (CAD 37,343 par, due 12/2027)	12/3/2021	C + 5.75%	11.15%		28,447		28,523 (CAD 37,743)	2.0%
	First-lien revolving loan (CAD 1,992 par, due 12/2026)	12/3/2021	C + 5.75%	11.09%		1,418		1,505 (CAD 1,992)	0.1%
ExtraHop Networks, Inc. (3)(5)	First-lien loan ($62,163 par, due 7/2027)	7/22/2021	SOFR + 7.60%	12.70%		61,107		61,231	4.2%
ForeScout Technologies, Inc. (3)	First-lien loan ($2,726 par, due 8/2026)	7/1/2022	L + 9.00%	14.54% (incl. 9.00% PIK)		2,668		2,726	0.2%
	First-lien loan ($6,818 par, due 8/2026)	8/17/2020	L + 9.50%	15.04% (incl. 9.50% PIK)		6,738		6,869	0.4%
Galileo Parent, Inc. (3)	First-lien loan ($64,904 par, due 5/2030)	5/3/2023	SOFR + 7.25%	12.34%		62,985		63,768	4.3%
	First-lien revolving loan ($4,471 par, due 5/2029)	5/3/2023	SOFR + 7.25%	12.34%		4,176		4,294	0.3%
Hornetsecurity Holding GmbH (3)(4)	First-lien loan (EUR 3,437 par, due 11/2029)	11/14/2022	E + 6.50%	9.82%		3,147		3,409 (EUR 3,125)	0.2%
Information Clearinghouse, LLC and MS Market Service, LLC (3)(5)	First-lien loan ($17,730 par, due 12/2026)	12/20/2021	SOFR + 6.65%	11.86%		17,385		17,597	1.2%
Mitnick Corporate Purchaser, Inc. (3)(9)	First-lien loan ($331 par, due 5/2029)	5/2/2022	SOFR + 4.85%	9.90%		331		320	0.0%
Netwrix Corp. (3)	First-lien loan ($36,425 par, due 6/2029)	6/9/2022	SOFR + 5.00%	10.30%		35,903		36,190	2.5%
	First-lien revolving loan ($718 par, due 6/2029)	6/9/2022	SOFR + 5.00%	10.24%		681		703	0.0%
OutSystems Luxco SARL(3)(4)(5)	First-lien loan (EUR 3,277 par, due 12/2028)	12/8/2022	E + 5.75%	9.35%		3,075		3,263 (EUR 2,991)	0.2%
ReliaQuest Holdings, LLC (3)(5)	First-lien loan ($72,258 par, due 10/2026)	10/8/2020	SOFR + 7.25%	12.10%		71,241		72,800	5.0%
TIBCO Software Inc. (9)	First-lien note ($12,645 par, due 3/2029)	9/20/2022	6.50%	6.50%		10,746		11,259	0.8%
	First-lien loan ($12,000 par, due 3/2029) (3)	9/20/2022	SOFR + 4.60%	9.84%		10,980		11,182	0.8%
						461,511		468,194	31.9%
Chemicals
Erling Lux Bidco SARL(3)(4)	First-lien loan (EUR 7,239 par, due 9/2028)	9/6/2022	E + 6.75%	10.12%		6,910		7,762 (EUR 7,114)	0.5%
	First-lien loan (GBP 10,217 par, due 9/2028)	9/6/2022	S + 6.75%	11.68%		11,265		12,860 (GBP 10,115)	0.9%
						18,175		20,622	1.4%
Communications
Banyan Software Holdings, LLC (3)(4)	First-lien loan ($19,900 par, due 10/2026)	1/27/2023	SOFR + 7.35%	12.45%		18,795		19,302	1.3%
Celtra Technologies, Inc. (3)(5)	First-lien loan ($34,475 par, due 11/2026)	11/19/2021	SOFR + 7.10%	12.20%		33,687		33,786	2.3%
IntelePeer Holdings, Inc.	First-lien loan ($34,204 par, due 12/2024) (3)	12/2/2019	SOFR + 8.40%	13.64%		34,172		33,691	2.3%
	Convertible note ($4,536 par, due 5/2028)	5/12/2021	6.50%	6.50% PIK		4,506		4,604	0.3%
						91,160		91,383	6.2%
Education
Astra Acquisition Corp. (3)	Second-lien loan ($43,479 par, due 10/2029)	10/25/2021	SOFR + 8.99%	14.09%		42,778		34,566	2.4%
Destiny Solutions Parent Holding Company (3)(5)	First-lien loan ($59,850 par, due 6/2026)	6/8/2021	SOFR + 5.85%	10.95%		59,024		58,803	4.0%
EMS Linq, Inc. (3)	First-lien loan ($56,216 par, due 12/2027)	12/22/2021	SOFR + 6.35%	11.45%		55,324		54,529	3.7%
	First-lien revolving loan ($5,270 par, due 12/2027)	12/22/2021	SOFR + 6.35%	11.45%		5,139		5,007	0.3%
						162,265		152,905	10.4%
Financial Services
Alaska Bidco Oy (3)(4)	First-lien loan (EUR 727 par, due 5/2030)	5/30/2023	E + 6.25%	9.89%		754		766 (EUR 702)	0.1%
BTRS Holdings, Inc.(3)	First-lien loan ($46,098 par, due 12/2028)	12/16/2022	SOFR + 8.00%	13.22%		44,865		45,407	3.1%
	First-lien revolving loan ($1,687 par, due 12/2028)	12/16/2022	SOFR + 7.25%	12.36%		1,555		1,614	0.1%
Bear OpCo, LLC (3)(5)	First-lien loan ($20,774 par, due 10/2024)	10/10/2019	SOFR + 7.65%	12.75%		20,616		21,034	1.4%
BlueSnap, Inc. (3)(5)	First-lien loan ($42,000 par, due 10/2024)	10/25/2019	SOFR + 7.15%	12.39%		41,738		42,222	2.9%
Ibis Intermediate Co. (3)(5)	First-lien loan ($1,518 par, due 5/2027)	5/28/2021	L + 4.50%	9.98%		1,357		1,558	0.1%
Ibis US Blocker Co. (3)	First-lien loan ($14,897 par, due 5/2028)	5/28/2021	L + 8.25%	13.73% PIK		14,666		14,748	1.0%

6

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
Jonas Collections and Recovery, Inc. (3)(5)	First-lien loan ($19,000 par, due 6/2026)	6/21/2021	SOFR + 5.40%	10.64%	18,745	19,000	1.3%
Kyriba Corp.(3)	First-lien loan ($19,928 par, due 4/2025)	4/9/2019	L + 9.00%	14.21% (incl. 9.00% PIK)	19,783	20,078	1.4%
	First-lien loan (EUR 10,381 par, due 4/2025)	4/9/2019	E + 9.00%	12.29% (incl. 9.00% PIK)	11,522	11,411 (EUR 10,459)	0.8%
	First-lien revolving loan ($1,411 par, due 4/2025)	4/9/2019	L + 7.25%	12.46%	1,398	1,421	0.1%
	First-lien revolving loan (EUR 336 par, due 4/2025)	4/9/2019	E + 7.25%	10.54%	373	366 (EUR 336)	0.0%
Passport Labs, Inc.	First-lien loan ($24,098 par, due 4/2026) (3)	4/28/2021	SOFR + 8.40%	13.64%	23,907	23,739	1.6%
	Convertible Promissory Note A ($694 par, due 9/2024)	3/2/2023	8.00%	8.00%	695	851	0.1%
Ping Identity Holding Corp. (3)	First-lien loan ($22,727 par, due 10/2029)	10/17/2022	SOFR + 7.00%	12.08%	22,149	22,415	1.5%
PrimeRevenue, Inc. (3)	First-lien loan ($16,507 par, due 12/2023)	12/31/2018	SOFR + 7.10%	12.20%	16,480	16,621	1.1%
TradingScreen, Inc. (3)(5)	First-lien loan ($44,438 par, due 4/2027)	4/30/2021	L + 6.25%	11.52%	43,531	43,882	3.0%
	Delayed draw term loan ($3,000 par, due 4/2027)	4/30/2021	SOFR + 6.35%	11.44%	2,953	2,962	0.2%
					287,087	290,095	19.8%
Healthcare
BCTO Ace Purchaser, Inc. (3)	First-lien loan ($67,408 par, due 11/2027) (5)	11/23/2020	SOFR + 8.45%	13.71%	66,389	67,408	4.6%
	Second-lien loan ($5,194 par, due 1/2030)	1/23/2023	SOFR + 10.70%	15.77% PIK	5,053	5,142	0.3%
Caris Life Sciences, Inc.	Convertible note ($2,602 par, due 9/2023)	9/21/2018	8.00%	8.00%	2,602	5,386	0.4%
Edge Bidco B.V (3)(4)(5)	First-lien loan (EUR 3,471 par, due 2/2029)	2/24/2023	E + 7.00%	10.60% (incl. 3.25% PIK)	3,532	3,697 (EUR 3,389)	0.3%
Homecare Software Solutions, LLC (3)(5)	First-lien loan ($65,000 par, due 10/2026)	10/6/2021	SOFR + 5.70%	10.79%	63,870	64,187	4.4%
Integrated Practice Solutions, Inc. (3)(5)	First-lien loan ($44,868 par, due 10/2024)	6/30/2017	SOFR + 7.00%	12.20%	44,345	44,868	3.1%
Merative L.P. (3)(5)	First-lien loan ($70,103 par, due 6/2028)	6/30/2022	SOFR + 7.25%	12.50%	68,052	68,701	4.7%
Raptor US Buyer II Corp. (3)	First-lien loan ($15,648 par, due 3/2029)	3/24/2023	SOFR + 6.75%	11.97%	15,097	15,296	1.0%
					268,940	274,685	18.8%
Hotel, Gaming and Leisure
ASG II, LLC (3)(5)	First-lien loan ($59,811 par, due 5/2028)	5/25/2022	SOFR + 6.40%	11.45%	58,479	58,999	4.0%
IRGSE Holding Corp. (3)(6)	First-lien loan ($30,261 par, due 6/2024)	9/29/2015	SOFR + 9.65%	14.89%	28,594	30,034	2.1%
	First-lien revolving loan ($21,632 par, due 6/2024)	9/29/2015	SOFR + 9.65%	14.92%	21,632	21,456	1.4%
					108,705	110,489	7.5%
Human Resource Support Services
Axonify, Inc. (3)(4)(5)	First-lien loan ($49,129 par, due 5/2026)	5/5/2021	SOFR + 7.65%	12.71%	48,325	48,729	3.3%
bswift, LLC (3)(5)	First-lien loan ($44,582 par, due 11/2028)	11/7/2022	SOFR + 6.63%	11.76%	43,337	44,137	3.0%
Elysian Finco Ltd. (3)(4)(5)	First-lien loan ($18,399 par, due 1/2028)	1/31/2022	SOFR + 6.65%	11.76%	17,953	18,634	1.3%
Employment Hero Holdings Pty Ltd. (3)(4)	First-lien loan (AUD 33,282 par, due 12/2026)	12/6/2021	B + 6.50%	10.86%	34,749	32,968 (AUD 49,528)	2.3%
HireVue, Inc.(3)	First-lien loan ($54,113 par, due 5/2029)	5/3/2023	SOFR + 7.25%	12.34%	52,368	52,893	3.6%
PageUp People, Ltd. (3)(4)(5)	First-lien loan (AUD 14,433 par, due 12/2025)	1/11/2018	B + 5.50%	9.66%	10,884	9,559 (AUD 14,360)	0.7%
	First-lien loan (GBP 3,742 par, due 12/2025)	10/28/2021	S + 5.53%	9.96%	5,153	4,734 (GBP 3,723)	0.3%
	First-lien loan ($11,946 par, due 12/2025)	10/28/2021	SOFR + 5.60%	10.70%	11,935	11,886	0.8%
PayScale Holdings, Inc. (3)(5)	First-lien loan ($68,425 par, due 5/2024)	5/3/2019	SOFR + 6.60%	11.70%	68,058	67,570	4.6%
PrimePay Intermediate, LLC (3)(5)	First-lien loan ($34,550 par, due 12/2026)	12/17/2021	SOFR + 7.15%	12.39%	33,723	34,290	2.3%
Workwell Acquisition Co. (3)(5)	First-lien loan ($23,494 par, due 10/2025)	10/19/2020	SOFR + 7.40%	12.66%	23,191	23,317	1.5%
					349,676	348,717	23.7%
Insurance
Disco Parent, Inc. (3)	First-lien loan ($4,545 par, due 3/2029)	3/30/2023	SOFR + 7.50%	12.76%	4,426	4,458	0.3%
Internet Services
Arrow Buyer, Inc. (3)	First-lien loan ($33,125 par, due 7/2030)	6/30/2023	SOFR + 6.50%	11.74%	32,202	32,310	2.2%
Bayshore Intermediate #2, L.P. (3)	First-lien loan ($34,339 par, due 10/2028)	10/1/2021	SOFR + 7.60%	12.82% PIK	33,807	33,910	2.3%
	First-lien revolving loan ($468 par, due 10/2027)	10/1/2021	SOFR + 6.60%	11.77%	429	438	0.0%
Coupa Holdings, LLC (3)	First-lien loan ($43,191 par, due 2/2030)	2/27/2023	SOFR + 7.50%	12.60%	42,048	42,691	2.9%
CrunchTime Information, Systems, Inc. (3)(5)	First-lien loan ($59,801 par, due 6/2028)	6/17/2022	SOFR + 6.00%	11.09%	58,682	59,202	4.1%
EDB Parent, LLC (3)(5)	First-lien loan ($60,234 par, due 7/2028)	7/7/2022	SOFR + 6.75%	11.99%	58,950	59,481	4.1%
Higher Logic, LLC (3)(5)	First-lien loan ($54,379 par, due 1/2025)	6/18/2018	SOFR + 6.75%	11.99%	54,145	54,515	3.7%
LeanTaaS Holdings, Inc. (3)(5)	First-lien loan ($33,924 par, due 7/2028)	7/12/2022	SOFR + 7.50%	12.74%	33,079	33,361	2.3%
Lithium Technologies, LLC (3)	First-lien loan ($54,700 par, due 1/2024)	10/3/2017	SOFR + 8.00%	13.08%	54,675	53,469	3.7%
	First-lien revolving loan ($2,309 par, due 1/2024)	10/3/2017	SOFR + 8.00%	13.01%	2,312	2,235	0.2%

7

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
Lucidworks, Inc. (3)(5)	First-lien loan ($8,619 par, due 2/2027)	2/11/2022	SOFR + 7.50%	12.60% (incl. 3.50% PIK)	8,619	8,548	0.6%
Piano Software, Inc. (3)(5)	First-lien loan ($51,218 par, due 2/2026)	2/25/2021	SOFR + 7.10%	12.20%	50,483	50,450	3.4%
SMA Technologies Holdings, LLC(3)(5)	First-lien loan ($36,833 par, due 10/2028)	10/31/2022	SOFR + 6.75%	11.85%	35,356	36,189	2.5%
					464,787	466,799	32.0%
Manufacturing
Avalara, Inc (3)	First-lien loan ($38,636 par, due 10/2028)	10/19/2022	SOFR + 7.25%	12.49%	37,667	37,999	2.6%
Office Products
USR Parent, Inc. (3)(5)	ABL FILO term loan ($18,000 par, due 4/2027)	4/25/2022	SOFR + 6.50%	11.66%	17,667	17,775	1.2%
Oil, Gas and Consumable Fuels
Laramie Energy, LLC (3)	First-lien loan ($27,317 par, due 2/2027)	2/21/2023	SOFR + 7.10%	12.18%	26,679	26,967	1.8%
Murchison Oil and Gas, LLC (3)	First-lien loan ($33,388 par, due 6/2026)	6/30/2022	SOFR + 8.65%	13.90%	32,802	33,754	2.3%
TRP Assets, LLC (3)	First-lien loan ($61,333 par, due 12/2025)	12/3/2021	SOFR + 7.76%	13.00%	60,583	62,633	4.3%
					120,064	123,354	8.4%
Other
Omnigo Software, LLC (3)(5)	First-lien loan ($40,148 par, due 3/2026)	3/31/2021	SOFR + 6.60%	11.70%	39,545	39,746	2.7%
Retail and Consumer Products
99 Cents Only Stores LLC (3)	ABL FILO term loan ($25,000 par, due 5/2025)	9/6/2017	SOFR + 8.65%	13.89%	24,824	25,000	1.7%
American Achievement, Corp. (3)(14)	First-lien loan ($27,130 par, due 9/2026)	9/30/2015	L + 6.25%	11.42% (incl. 10.93% PIK)	26,300	19,195	1.3%
	First-lien loan ($1,357 par, due 9/2026)	6/10/2021	L + 14.00%	19.18% (incl. 18.68% PIK)	1,357	71	0.0%
	Subordinated note ($4,740 par, due 9/2026)	3/16/2021	L + 1.00%	6.54% PIK	545	71	0.0%
Bed Bath and Beyond Inc. (3)(15)	ABL FILO term loan ($25,818 par, due 8/2027)	9/2/2022	SOFR + 9.90%	15.16%	25,254	25,237	1.7%
	Roll Up DIP term loan ($28,343 par, due 8/2023)	4/24/2023	SOFR + 7.90%	12.99% (incl. 12.99% PIK)	28,010	27,706	1.9%
	Super-Priority DIP term loan ($5,592 par, due 8/2023)	4/24/2023	SOFR + 7.90%	12.99%	5,567	5,467	0.4%
Cordance Operations, LLC (3)	First-lien loan ($42,717 par, due 7/2028)	7/25/2022	SOFR + 9.25%	14.16%	41,829	42,382	2.9%
Neuintel, LLC (3)(5)	First-lien loan ($57,701 par, due 12/2026)	12/20/2021	SOFR + 7.65%	12.70%	56,817	57,846	4.0%
Project P Intermediate 2, LLC (3)	ABL FILO term loan ($72,188 par, due 5/2026)	11/8/2021	SOFR + 8.10%	13.20%	71,195	73,270	5.0%
Tango Management Consulting, LLC (3)(5)	First-lien loan ($51,233 par, due 12/2027)	12/1/2021	SOFR + 6.85%	12.02%	50,464	50,336	3.4%
	First-lien revolving loan ($12 par, due 12/2027)	12/1/2021	P + 6.85%	15.00%	(57)	(53)	0.0%
					332,105	326,528	22.3%
Transportation
Project44, Inc. (3)(5)	First-lien loan ($35,139 par, due 11/2027)	11/12/2021	SOFR + 6.40%	11.49%	34,153	34,726	2.4%
Total Debt Investments					2,868,758	2,880,097	196.5%
Equity and Other Investments
Business Services
Dye & Durham, Ltd. (4)(10)	Common Shares (126,968 shares)	12/3/2021			3,909	1,738 (CAD 2,299)	0.1%
Mitnick TA Aggregator, LP (11)(13)	Membership Interest (0.43% ownership)	5/2/2022			5,243	5,243	0.4%
ReliaQuest, LLC (11)(13)	Class A-1 Units (567,683 units)	11/23/2021			1,120	1,512	0.1%
	Class A-2 Units (2,580 units)	6/21/2022			6	9	0.0%
Sprinklr, Inc. (10)(11)	Common Shares (343,382 shares)	6/24/2021			2,961	4,749	0.3%
					13,239	13,251	0.9%
Communications
Celtra Technologies, Inc. (11)	Class A Units (1,250,000 units)	11/19/2021			1,250	1,250	0.1%
IntelePeer Holdings, Inc. (11)	Series C Preferred Shares (1,816,295 shares)	4/8/2021			1,816	2,021	0.1%
	Series D Preferred Shares (1,598,874 shares)	4/8/2021			2,925	2,165	0.1%
	280,000 Warrants	2/28/2020			183	—	0.0%
	106,592 Warrants	4/8/2021			—	—	0.0%
					6,174	5,436	0.3%
Education
Astra 2L Holdings II LLC (11)	Membership Interest (10.17% ownership)	1/13/2022			3,255	610	0.0%
EMS Linq, Inc. (11)	Class B Units (5,522,526 units)	12/22/2021			5,523	4,763	0.3%
RMCF IV CIV XXXV,    LP. (11)	Partnership Interest (11.94% ownership)	6/8/2021			1,000	1,330	0.1%
					9,778	6,703	0.4%
Financial Services
AvidXchange, Inc. (10)(11)	Common Shares (150,541 shares)	10/15/2021			767	1,563	0.1%
Newport Parent Holdings, LP (11)	Class A-2 Units (131,569 units)	12/10/2020			4,177	6,600	0.4%

8

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
Oxford Square Capital Corp. (4)(10)	Common Shares (1,620 shares)	8/5/2015			6	4	0.0%
Passport Labs, Inc. (11)	17,534 Warrants	4/28/2021			192	8	0.0%
TradingScreen, Inc. (11)(13)	Class A Units (600,000 units)	5/14/2021			600	600	0.0%
					5,742	8,775	0.5%
Healthcare
Caris Life Sciences, Inc. (11)	Series C Preferred Shares (362,319 shares)	10/13/2020			1,000	1,242	0.1%
	Series D Preferred Shares (1,240,740 shares)	5/11/2021			10,050	9,221	0.6%
	633,376 Warrants	9/21/2018			192	1,150	0.1%
	569,991 Warrants	4/2/2020			250	852	0.1%
Merative L.P. (11)(13)	989,691 Class A-1 Units	6/30/2022			9,897	9,897	0.7%
Raptor US Buyer II Corp. (11)(12)	2,027 Ordinary Shares	3/24/2023			203	203	0.0%
	2,027 Class A	3/24/2023			203	203	0.0%
	2,027 Class B	3/24/2023			203	203	0.0%
	2,027 Class C	3/24/2023			203	203	0.0%
	2,027 Class D	3/24/2023			203	203	0.0%
	2,027 Class E	3/24/2023			203	203	0.0%
	2,027 Class F	3/24/2023			203	203	0.0%
	2,027 Class G	3/24/2023			203	203	0.0%
	2,027 Class H	3/24/2023			203	203	0.0%
	2,027 Class I	3/24/2023			203	203	0.0%
					23,419	24,392	1.6%
Hotel, Gaming and Leisure
IRGSE Holding Corp. (7)(11)	Class A Units (33,790,171 units)	12/21/2018			21,842	15,121	1.0%
	Class C-1 Units (8,800,000 units)	12/21/2018			100	43	0.0%
					21,942	15,164	1.0%
Human Resource Support Services
Axonify, Inc. (4)(11)(13)	Class A-1 Units (3,780,000 units)	5/5/2021			3,780	3,837	0.3%
bswift, LLC (11)(12)	Class A-1 Units (2,393,509 units)	11/7/2022			2,394	2,394	0.2%
ClearCompany, LLC (11)(13)	Series A Preferred Units (1,429,228 units)	8/24/2018			2,014	4,985	0.3%
DaySmart Holdings, LLC (11)(13)	Class A Units (166,811 units)	10/1/2019			1,347	1,953	0.1%
Employment Hero Holdings Pty Ltd. (4)(11)	Series E Preferred Shares (113,250 shares)	3/1/2022			2,134	2,316 (AUD 3,480)	0.2%
					11,669	15,485	1.1%
Internet Services
Bayshore Intermediate #2, L.P. (11)(13)	Common Units (12,330,709 units)	10/1/2021			12,331	11,375	0.8%
Lucidworks, Inc. (11)	Series F Preferred Shares (199,054 shares)	8/2/2019			800	800	0.1%
Piano Software, Inc. (11)	Series C-1 Preferred Shares (418,527 shares)	12/22/2021			3,000	3,000	0.2%
	Series C-2 Preferred Shares (27,588 shares)(12)	11/18/2022			198	198	0.0%
SMA Technologies Holdings, LLC (11)(12)	Class A Units (1,300 shares)	11/21/2022			1,300	1,300	0.1%
	Class B Units (923,250 shares)	11/21/2022			—	—	0.0%
					17,629	16,673	1.2%
Marketing Services
Validity, Inc. (11)	Series A Preferred Shares (3,840,000 shares)	5/31/2018			3,840	10,944	0.7%
Oil, Gas and Consumable Fuels
Murchison Oil and Gas, LLC (13)	13,355 Preferred Units	6/30/2022			13,355	13,856	0.9%
TRP Assets, LLC (11)(12)(13)	Partnership Interest (1.89% ownership)	8/25/2022			8,094	10,501	0.7%
					21,449	24,357	1.6%
Pharmaceuticals
TherapeuticsMD, Inc. (4)(11)	14,256 Warrants	8/5/2020			1,029	—	0.0%
Retail and Consumer Products
American Achievement, Corp. (11)	Class A Units (687 units)	3/16/2021			—	50	0.0%
Copper Bidco, LLC (9)	Trust Certificates (132,928 Certificates)	12/7/2020			—	271	0.0%
	Trust Certificates (996,958 Certificates)	1/30/2021			2,735	10,468	0.7%
Neuintel, LLC (11)(13)	Class A Units (1,176,494 units)	12/21/2021			3,000	2,738	0.2%
					5,735	13,527	0.9%
Structured Credit
Allegro CLO Ltd, Series 2018-1A, (3)(4)(9)	Structured Product ($1,000 par, due 6/2031)	5/26/2022	L + 2.85%	8.11%	959	900	0.1%
American Money Management Corp CLO Ltd, Series 2016-18A (3)(4)(9)	Structured Product ($1,500 par, due 5/2031)	6/22/2022	L + 3.05%	8.47%	1,353	1,351	0.1%
Ares CLO Ltd, Series 2021-59A (3)(4)(9)	Structured Product ($1,000 par, due 4/2034)	6/23/2022	L + 6.25%	11.51%	896	890	0.1%
Ares Loan Funding I Ltd, Series 2021-ALFA, Class E (3)(4)(9)	Structured Product ($1,000 par, due 10/2034)	6/24/2022	L + 6.70%	11.96%	931	915	0.1%
Bain Capital Credit CLO Ltd, Series 2018-1A (3)(4)(9)	Structured Product ($500 par, due 4/2031)	10/15/2020	L + 5.35%	10.62%	426	398	0.0%

9

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
Battalion CLO Ltd, Series 2021-21A (3)(4)(9)	Structured Product ($1,300 par, due 7/2034)	7/13/2022	L + 3.30%	8.56%	1,162	1,145	0.1%
Benefit Street Partners CLO Ltd, Series 2015-BR (3)(4)(9)	Structured Product ($2,500 par, due 7/2024)	7/13/2022	L + 3.85%	9.10%	2,187	2,328	0.2%
Benefit Street Partners CLO Ltd, Series 2015-8A (3)(4)(9)	Structured Product ($1,425 par, due 1/2031)	9/13/2022	L + 2.75%	8.00%	1,277	1,275	0.1%
Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA (3)(4)(9)	Structured Product ($1,000 par, due 7/2030)	5/26/2022	L + 2.90%	8.16%	904	865	0.1%
Carlyle Global Market Strategies CLO Ltd, Series 2016-1, Ltd (3)(4)(9)	Structured Product ($1,600 par, due 4/2034)	2/15/2023	L + 6.60%	11.85%	1,424	1,407	0.1%
Carlyle Global Market Strategies CLO Ltd, Series 2018-1A (3)(4)(9)	Structured Product ($1,550 par, due 4/2031)	8/11/2020	L + 5.75%	11.00%	1,255	1,265	0.1%
CarVal CLO III Ltd, Series 2019-2A (3)(4)(9)	Structured Product ($1,000 par, due 7/2032)	6/30/2022	L + 6.44%	11.69%	900	910	0.1%
Cedar Funding CLO Ltd, Series 2018-7A (3)(4)(9)	Structured Product ($1,000 par, due 1/2031)	7/21/2022	L + 4.55%	9.80%	869	868	0.1%
CIFC CLO Ltd, Series 2018-3A (3)(4)(9)	Structured Product ($1,000 par, due 7/2031)	6/16/2022	L + 5.50%	10.76%	900	881	0.1%
CIFC CLO Ltd, Series 2021-4A (3)(4)(9)	Structured Product ($1,000 par, due 7/2033)	7/14/2022	L + 6.00%	11.26%	890	924	0.1%
Crown Point CLO Ltd, Series 2021-10A (3)(4)(9)	Structured Product ($1,000 par, due 7/2034)	6/14/2022	L + 6.85%	12.10%	902	903	0.1%
Dryden Senior Loan Fund, Series 2018-55A (3)(4)(9)	Structured Product ($1,000 par, due 4/2031)	7/25/2022	L + 2.85%	8.11%	916	886	0.1%
Dryden Senior Loan Fund, Series 2020-86A (3)(4)(9)	Structured Product ($1,500 par, due 7/2034)	8/17/2022	L + 6.50%	11.76%	1,439	1,316	0.1%
Eaton CLO Ltd, Series 2015-1A (3)(4)(9)	Structured Product ($2,500 par, due 1/2030)	6/23/2022	L + 2.50%	7.75%	2,245	2,188	0.1%
Eaton CLO Ltd, Series 2020-1A (3)(4)(9)	Structured Product ($1,000 par, due 10/2034)	8/11/2022	L + 6.25%	11.51%	934	921	0.1%
GoldenTree CLO Ltd, Series 2020-7A (3)(4)(9)	Structured Product ($1,000 par, due 4/2034)	6/17/2022	L + 6.50%	11.75%	920	947	0.1%
Gulf Stream Meridian, Series 2021-4A (3)(4)(9)	Structured Product ($1,015 par, due 7/2034)	6/3/2022	L + 6.35%	11.61%	934	908	0.1%
Gulf Stream Meridian, Series 2021-6A (3)(4)(9)	Structured Product ($2,000 par, due 1/2037)	9/12/2022	L + 6.36%	11.62%	1,832	1,750	0.1%
Jefferson Mill CLO Ltd, Series 2015-1A (3)(4)(9)	Structured Product ($1,000 par, due 10/2031)	5/23/2022	L + 3.55%	8.80%	904	877	0.1%
KKR CLO Ltd, 49A (3)(4)(9)	Structured Product ($1,000 par, due 7/2035)	6/2/2022	L + 8.00%	13.05%	972	954	0.1%
Madison Park CLO, Series 2018-28A (3)(4)(9)	Structured Product ($1,000 par, due 7/2030)	6/28/2022	L + 5.25%	10.51%	894	922	0.1%
Magnetite CLO Ltd, Series 2021-30A (3)(4)(9)	Structured Product ($1,000 par, due 10/2034)	6/13/2022	L + 6.20%	11.46%	918	944	0.1%
MidOcean Credit CLO Ltd, Series 2016-6A (3)(4)(9)	Structured Product ($3,500 par, due 4/2033)	5/23/2022	L + 3.52%	8.77%	3,159	3,037	0.2%
MidOcean Credit CLO Ltd, Series 2018-9A (3)(4)(9)	Structured Product ($1,100 par, due 7/2031)	6/1/2022	L + 6.05%	11.30%	963	892	0.1%
Octagon 57 LLC, Series 2021-1A (3)(4)(9)	Structured Product ($1,000 par, due 10/2034)	5/24/2022	L + 6.60%	11.86%	940	896	0.1%
Octagon Investment Partners 18 Ltd, Series 2018-18A (3)(4)(9)	Structured Product ($1,000 par, due 4/2031)	7/26/2022	L + 2.70%	7.96%	902	878	0.1%
Octagon Investment Partners 38 Ltd, Series 2018-1A (3)(4)(9)	Structured Product ($2,800 par, due 7/2030)	9/20/2022	L + 2.95%	8.20%	2,484	2,545	0.2%
Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A (3)(4)(9)	Structured Product ($1,000 par, due 10/2031)	9/23/2022	L + 3.33%	8.58%	866	867	0.1%
Pikes Peak CLO, Series 2021-9A (3)(4)(9)	Structured Product ($2,000 par, due 10/2034)	8/31/2022	L + 6.58%	11.87%	1,782	1,780	0.1%
RR Ltd, Series 2020-8A (3)(4)(9)	Structured Product ($1,000 par, due 4/2033)	8/22/2022	L + 6.40%	11.66%	945	934	0.1%
Shackelton CLO Ltd, Series 2015-7RA (3)(4)(9)	Structured Product ($1,000 par, due 7/2031)	5/23/2022	L + 3.33%	8.59%	895	893	0.1%
Signal Peak CLO LLC, Series 2018-5A (3)(4)(9)	Structured Product ($1,000 par, due 4/2031)	8/9/2022	L + 5.65%	10.91%	900	853	0.1%
Southwick Park CLO Ltd, Series 2019-4A (3)(4)(9)	Structured Product ($1,000 par, due 7/2032)	5/25/2022	L + 6.25%	11.50%	930	877	0.1%
Stewart Park CLO Ltd, Series 2015-1A (3)(4)(9)	Structured Product ($1,000 par, due 1/2030)	7/25/2022	L + 2.60%	7.86%	916	889	0.1%
Voya CLO Ltd, Series 2018-3A (3)(4)(9)	Structured Product ($2,750 par, due 10/2031)	6/22/2022	L + 5.75%	11.01%	2,406	2,221	0.2%
Whitebox CLO I Ltd, Series 2020-2A (3)(4)(9)	Structured Product ($1,125 par, due 10/2034)	7/12/2022	L + 3.35%	8.62%	1,010	1,077	0.1%
Wind River CLO Ltd, Series 2014-2A (3)(4)(9)	Structured Product ($1,500 par, due 1/2031)	6/23/2022	L + 2.90%	8.16%	1,385	1,295	0.1%
Wind River CLO Ltd, Series 2017-1A (3)(4)(9)	Structured Product ($3,000 par, due 4/2036)	7/14/2022	L + 3.72%	8.98%	2,626	2,732	0.2%

10

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate		Amortized Cost (2)(8)		Fair Value (9)	Percentage of Net Assets
Wind River CLO Ltd, Series 2018-3A (3)(4)(9)	Structured Product ($2,000 par, due 1/2031)	12/12/2022	L + 5.65%	10.90%		1,704		1,679	0.1%
						54,956		54,183	4.8%
Total Equity and Other Investments						196,601		208,890	15.0%
Total Investments					$	3,065,359	$	3,088,987	211.5%

	Interest Rate Swaps as of June 30, 2023
	Company Receives	Company Pays	Maturity Date	Notional Amount		Fair Market Value			Upfront (Payments) / Receipts			Change in Unrealized Gains / (Losses)
Interest rate swap (a)(d)(e)	L + 2.28%	3.875%	9/25/2023	$	2,500	$	—		$	128		$	—
Interest rate swap	SOFR + 2.54%	3.875%	11/1/2024		—		—			(57	)		(57	)
Total Non Hedge Accounting Swaps					2,500		—			71			(57	)
Interest rate swap (a)(b)(c)(e)	3.875%	L + 2.25%	9/25/2023		300,000		(2,946	)		—			13,547
Interest rate swap	3.875%	SOFR + 2.51%	11/1/2024		—		(12,022	)		—			—
Interest rate swap (a)(b)(c)(e)	3.875%	L + 2.46%	9/25/2023		50,000		(517	)		—			2,408
Interest rate swap	3.875%	SOFR + 2.72%	11/1/2024		—		(2,114	)		—			—
Interest rate swap (a)(b)(e)	2.50%	L + 1.91%	9/25/2023		300,000		(3,748	)		—			31,917
Interest rate swap	2.50%	SOFR + 2.17%	8/1/2026		—		(31,302	)		—			—
Total Hedge Accounting Swaps					650,000		(52,649	)		—			47,872
Cash collateral					—		54,799			—			—
Total derivatives				$	652,500	$	2,150		$	71		$	47,815

(a)Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

(b)Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

(c)$2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

(d)The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

(e)On March 5, 2021, the U.K. Financial Conduct Authority, announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the “Index Cessation Event”). As part of the Index Cessation Event, each instrument bearing interest at a rate determined by reference to LIBOR (each, a “Legacy LIBOR Instrument”) referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023.

(1)Certain portfolio company investments are subject to contractual restrictions on sales.

(2)The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

11

(3)Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at June 30, 2023.

(4)This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 10.0% of total assets as of June 30, 2023.

12

(5)In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

(6)Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the six months ended June 30, 2023 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

Controlled, Affiliated Investments during the six months ended June 30, 2023

Company	Fair Value at December 31, 2022		Gross Additions (a)		Gross Reductions (b)		Net Change In Unrealized Gain/(Loss)			Realized Gain/(Loss)		Transfers		Fair Value at June 30, 2023		Other Income		Interest Income
IRGSE Holding Corp.	$	70,755	$	4,886	$	—	$	(8,987	)	$	—	$	—	$	66,654	$	2	$	3,570
Total	$	70,755	$	4,886	$	—	$	(8,987	)	$	—	$	—	$	66,654	$	2	$	3,570

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable. When an investment is placed on non-accrual status, any cash flows received by the Company may be applied to the outstanding principal balance.

(7)As of June 30, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $3,079,332, resulting in estimated gross unrealized gains and losses of $124,352 and $114,625, respectively.

(8)In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

(9)This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

(10)This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

(11)This investment is non-income producing.

(12)All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2023, the aggregate fair value of these securities is $16,423, or 1.1% of the Company’s net assets.

(13)Ownership of equity investments may occur through a holding company or partnership.

(14)Investment is on non-accrual status as of June 30, 2023.

(15)In addition to the principal amount outstanding and accrued interest owed on this investment, the Company is entitled to a separate Make-Whole Amount (the “Make-Whole”) of $10.9 million. The Make-Whole is a contractual obligation of the borrower and accrues interest on the balance outstanding. The Make-Whole is included on the Company’s consolidated balance sheet within other assets, net of any valuation allowance. Given uncertainty relating to collectability of the Make-Whole, the Company has applied a full valuation allowance against the amount of the Make-Whole balance outstanding.

The accompanying notes are an integral part of these consolidated financial statements.

13

Sixth Street Specialty Lending, Inc.

Consolidated Schedule of Investments as of December 31, 2022

(Amounts in thousands, except share amounts)

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate		Amortized Cost (2)(8)		Fair Value (9)	Percentage of Net Assets
Debt Investments
Automotive
Carlstar Group, LLC (3)	First-lien loan ($33,575 par, due 7/2027)	7/8/2022	SOFR + 6.60%	10.92%	$	32,739	$	33,049	2.5%
Business services
Acceo Solutions, Inc. (3)(4)(5)	First-lien loan (CAD 57,353 par, due 10/2025)	7/6/2018	C + 4.75%	9.49%		43,241		42,540  (CAD 57,640)	3.2%
Alpha Midco, Inc. (3)(5)	First-lien loan ($68,720 par, due 8/2025)	8/15/2019	SOFR + 7.63%	12.21%		67,831		69,242	5.2%
Dye & Durham Corp. (3)(4)	First-lien loan (CAD 34,220 par, due 12/2027)	12/3/2021	C + 5.75%	10.69%		25,076		24,113 (CAD 32,672)	1.8%
	First-lien revolving loan (CAD 1,448 par, due 12/2026)	12/3/2021	P + 6.75%	11.20%		1,095		1,069 (CAD 1,448)	0.1%
ExtraHop Networks, Inc. (3)(5)	First-lien loan ($57,950 par, due 7/2027)	7/22/2021	L + 7.50%	12.23%		56,812		56,791	4.2%
ForeScout Technologies, Inc. (3)	First-lien loan ($2,606 par, due 8/2026)	7/1/2022	L + 9.00%	13.72% (incl. 9.00% PIK)		2,533		2,489	0.2%
	First-lien loan ($6,502 par, due 8/2026)	8/17/2020	L + 9.50%	14.23% (incl. 9.50% PIK)		6,412		6,421	0.5%
Hornetsecurity Holding GmbH (3)(4)	First-lien loan (EUR 3,150 par, due 11/2029)	11/14/2022	E + 6.50%	8.26%		3,140		3,213 (EUR 3,011)	0.2%
Information Clearinghouse, LLC and MS Market Service, LLC (3)(5)	First-lien loan ($17,820 par, due 12/2026)	12/20/2021	SOFR + 6.65%	11.16%		17,433		17,375	1.3%
Mitnick Corporate Purchaser, Inc. (3)(10)	First-lien loan ($333 par, due 5/2029)	5/2/2022	SOFR + 4.85%	8.94%		333		311	0.0%
Netwrix Corp. (3)	First-lien loan ($36,119 par, due 6/2029)	6/9/2022	SOFR + 5.00%	9.70%		35,515		35,119	2.6%
OutSystems Luxco SARL(3)(4)(5)	First-lien loan (EUR 3,004 par, due 12/2028)	12/8/2022	E + 5.75%	7.74%		3,060		3,112 (EUR 2,916)	0.2%
ReliaQuest Holdings, LLC (3)(5)	First-lien loan ($63,477 par, due 10/2026)	10/8/2020	SOFR + 7.25%	11.83%		62,411		63,477	4.7%
TIBCO Software Inc. (10)	First-lien note ($13,000 par, due 3/2029)	9/20/2022	6.50%	6.50%		10,924		10,944	0.8%
	First-lien loan ($12,000 par, due 3/2029) (3)	9/20/2022	SOFR + 4.60%	9.19%		10,947		10,680	0.8%
WideOrbit, Inc. (3)	First-lien loan ($35,548 par, due 7/2025)	7/8/2020	L + 8.50%	12.88%		35,213		36,347	2.7%
						381,976		383,243	28.5%
Chemicals
Erling Lux Bidco SARL(3)(4)	First-lien loan (EUR 7,239 par, due 9/2028)	9/6/2022	E + 6.75%	8.73%		6,908		7,326 (EUR 6,864)	0.5%
	First-lien loan (GBP 10,217 par, due 9/2028)	9/6/2022	S + 6.75%	10.20%		11,245		11,922 (GBP 9,911)	0.9%
						18,153		19,248	1.4%
Communications
Celtra Technologies, Inc. (3)(5)	First-lien loan ($34,650 par, due 11/2026)	11/19/2021	L + 7.00%	11.38%		33,764		33,264	2.5%
IntelePeer Holdings, Inc.	First-lien loan ($34,677 par, due 12/2024) (3)	12/2/2019	L + 8.25%	12.63%		34,633		33,983	2.5%
	Convertible note ($4,382 par, due 5/2028)	5/12/2021	6.50%	6.50% PIK		4,350		4,240	0.3%
						72,747		71,487	5.3%
Education
Astra Acquisition Corp. (3)	Second-lien loan ($43,479 par, due 10/2029)	10/25/2021	L + 8.88%	13.26%		42,743		40,762	3.0%
Destiny Solutions Parent Holding Company (3)(5)	First-lien loan ($60,000 par, due 6/2026)	6/8/2021	L + 5.75%	10.13%		59,046		58,350	4.3%
EMS Linq, Inc. (3)	First-lien loan ($56,216 par, due 12/2027)	12/22/2021	L + 6.25%	10.63%		55,103		53,291	4.0%
						156,892		152,403	11.3%
Financial Services
BTRS Holdings, Inc.(3)	First-lien loan ($45,180 par, due 12/2028)	12/16/2022	SOFR + 8.00%	12.50%		43,688		43,465	3.2%
Bear OpCo, LLC (3)(5)	First-lien loan ($20,169 par, due 10/2024)	10/10/2019	SOFR + 7.65%	11.97%		19,953		20,169	1.5%
BlueSnap, Inc. (3)(5)	First-lien loan ($42,000 par, due 10/2024)	10/25/2019	L + 6.75%	11.48%		41,646		41,889	3.1%
G Treasury SS, LLC (3)(5)	First-lien loan ($65,859 par, due 4/2024)	4/9/2018	SOFR + 8.40%	12.94%		65,709		65,859	4.9%
Ibis Intermediate Co. (3)(5)	First-lien loan ($1,526 par, due 5/2027)	5/28/2021	L + 5.00%	9.73%		1,416		1,565	0.1%
Ibis US Blocker Co. (3)	First-lien loan ($13,957 par, due 5/2028)	5/28/2021	L + 8.25%	12.98% PIK		13,713		13,643	1.0%
Jonas Collections and Recovery, Inc. (3)(5)	First-lien loan ($19,125 par, due 6/2026)	6/21/2021	L + 5.25%	10.40%		18,832		18,790	1.4%
Kyriba Corp.(3)	First-lien loan ($19,051 par, due 4/2025)	4/9/2019	L + 9.00%	13.73% (incl. 9.00% PIK)		18,870		19,147	1.4%
	First-lien loan (EUR 9,924 par, due 4/2025)	4/9/2019	E + 9.00%	11.20% (incl. 9.00% PIK)		11,004		10,645 (EUR 9,974)	0.8%
	First-lien revolving loan ($1,411 par, due 4/2025)	4/9/2019	L + 7.25%	11.98%		1,394		1,418	0.1%
	First-lien revolving loan (EUR 336 par, due 4/2025)	4/9/2019	E + 7.25%	9.45%		372		358 (EUR 336)	0.0%
Passport Labs, Inc. (3)	First-lien loan ($23,390 par, due 4/2026)	4/28/2021	L + 8.25%	12.58% (incl. 4.125% PIK)		23,169		22,783	1.7%
Ping Identity Holding Corp. (3)	First-lien loan ($22,727 par, due 10/2029)	10/17/2022	SOFR + 7.00%	11.32%		22,116		21,977	1.6%
PrimeRevenue, Inc. (3)	First-lien loan ($22,507 par, due 12/2023)	12/31/2018	L + 7.00%	11.38%		22,434		22,507	1.7%
TradingScreen, Inc. (3)(5)	First-lien loan ($44,663 par, due 4/2027)	4/30/2021	L + 6.25%	10.66%		43,648		43,769	3.3%
						347,964		347,984	25.8%

14

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
Healthcare
BCTO Ace Purchaser, Inc. (3)(5)	First-lien loan ($63,565 par, due 11/2026)	11/23/2020	SOFR + 7.70%	12.10%	62,440	62,930	4.7%
Caris Life Sciences, Inc.	First-lien loan ($5,000 par, due 9/2023)	9/21/2018	11.30%	11.30%	4,967	5,100	0.4%
	First-lien loan ($3,750 par, due 4/2025)	4/2/2020	11.30%	11.30%	3,601	3,900	0.3%
	Convertible note ($2,602 par, due 9/2023)	9/21/2018	8.00%	8.00%	2,602	5,848	0.4%
Homecare Software Solutions, LLC (3)(5)	First-lien loan ($65,000 par, due 10/2026)	10/6/2021	SOFR + 5.70%	10.02%	63,733	63,213	4.7%
Integrated Practice Solutions, Inc. (3)(5)	First-lien loan ($46,312 par, due 10/2024)	6/30/2017	L + 7.50%	11.89%	45,590	46,312	3.5%
Merative L.P. (3)(5)	First-lien loan ($70,103 par, due 6/2028)	6/30/2022	SOFR + 7.25%	11.84%	67,906	67,299	5.0%
					250,839	254,602	19.0%
Hotel, Gaming and Leisure
ASG II, LLC (3)(5)	First-lien loan ($58,048 par, due 5/2028)	5/25/2022	SOFR + 6.35%	10.67%	56,609	56,260	4.2%
IRGSE Holding Corp. (3)(7)	First-lien loan ($30,261 par, due 6/2023)	9/29/2015	L + 9.50%	14.19%	28,595	29,807	2.2%
	First-lien revolving loan ($16,747 par, due 6/2023)	9/29/2015	L + 9.50%	14.23%	16,747	16,492	1.2%
					101,951	102,559	7.6%
Human Resource Support Services
Axonify, Inc. (3)(4)(5)	First-lien loan ($47,122 par, due 5/2026)	5/5/2021	SOFR + 7.65%	11.83%	46,204	46,190	3.4%
bswift, LLC (3)(5)	First-lien loan ($44,806 par, due 11/2028)	11/7/2022	SOFR + 6.63%	10.81%	43,430	43,574	3.2%
Elysian Finco Ltd. (3)(4)(5)	First-lien loan ($17,314 par, due 1/2028)	1/31/2022	SOFR + 6.65%	10.99%	16,831	17,107	1.3%
Employment Hero Holdings Pty Ltd. (3)(4)	First-lien loan (AUD 50,000 par, due 12/2026)	12/6/2021	B + 6.50%	9.77%	34,664	32,839 (AUD 51,076)	2.4%
PageUp People, Ltd. (3)(4)(5)	First-lien loan (AUD 14,520 par, due 12/2025)	1/11/2018	B + 5.50%	9.28%	10,899	9.534 (AUD 14,059)	0.7%
	First-lien loan (GBP 3,766 par, due 12/2025)	10/28/2021	S + 5.62%	8.55%	5,184	4,439 (GBP 3,690)	0.3%
	First-lien loan ($12,011 par, due 12/2025)	10/28/2021	L + 5.50%	10.65%	11,997	11,771	0.9%
PayScale Holdings, Inc. (3)(5)	First-lien loan ($68,775 par, due 5/2024)	5/3/2019	L + 5.75%	10.48%	68,199	67,572	5.0%
PrimePay Intermediate, LLC (3)(5)	First-lien loan ($32,242 par, due 12/2026)	12/17/2021	SOFR + 7.15%	11.73%	31,297	31,355	2.3%
Modern Hire, Inc. (3)(5)	First-lien loan ($28,878 par, due 5/2024)	5/15/2019	L + 7.00%	11.38%	28,624	28,950	2.2%
Workwell Acquisition Co. (3)(5)	First-lien loan ($23,798 par, due 10/2025)	10/19/2020	SOFR + 7.40%	11.80%	23,433	23,441	1.7%
					320,762	316,772	23.4%
Internet Services
Bayshore Intermediate #2, L.P. (3)	First-lien loan ($32,194 par, due 10/2028)	10/1/2021	L + 7.75%	12.04% PIK	31,631	31,308	2.3%
	First-lien revolving loan ($780 par, due 10/2027)	10/1/2021	L + 6.75%	10.89%	737	714	0.1%
CrunchTime Information, Systems, Inc. (3)(5)	First-lien loan ($53,121 par, due 6/2028)	6/17/2022	SOFR + 6.00%	10.32%	51,969	51,766	3.9%
EDB Parent, LLC (3)(5)	First-lien loan ($56,963 par, due 7/2028)	7/7/2022	SOFR + 7.00%	11.58%	55,607	55,539	4.1%
Higher Logic, LLC (3)(5)	First-lien loan ($55,820 par, due 1/2025)	6/18/2018	SOFR + 7.25%	11.83%	55,506	55,541	4.1%
LeanTaaS Holdings, Inc. (3)(5)	First-lien loan ($27,782 par, due 7/2028)	7/12/2022	SOFR + 7.50%	12.08%	26,906	26,709	2.0%
Lithium Technologies, LLC (3)	First-lien loan ($54,700 par, due 1/2024)	10/3/2017	SOFR + 8.00%	12.06%	54,651	53,469	4.0%
	First-lien revolving loan ($1,320 par, due 1/2024)	10/3/2017	SOFR + 8.00%	12.06%	1,323	1,245	0.1%
Lucidworks, Inc. (3)(5)	First-lien loan ($8,330 par, due 2/2027)	2/11/2022	SOFR + 7.50%	11.82% (incl. 3.50% PIK)	8,330	8,170	0.6%
Piano Software, Inc. (3)(5)	First-lien loan ($51,312 par, due 2/2026)	2/25/2021	SOFR + 7.10%	11.42%	50,454	50,029	3.7%
SMA Technologies Holdings, LLC(3)(5)	First-lien loan ($36,833 par, due 10/2028)	10/31/2022	SOFR + 6.75%	11.07%	35,258	35,268	2.6%
					372,372	369,758	27.5%
Manufacturing
Avalara, Inc (3)	First-lien loan ($38,636 par, due 10/2028)	10/19/2022	SOFR + 7.25%	11.83%	37,601	37,255	2.8%
Office Products
USR Parent, Inc. (3)(5)	ABL FILO term loan ($19,000 par, due 4/2027)	4/25/2022	SOFR + 6.50%	10.62%	18,634	18,478	1.4%
Oil, Gas and Consumable Fuels
Murchison Oil and Gas, LLC (3)	First-lien loan ($26,873 par, due 6/2026)	6/30/2022	SOFR + 8.65%	13.23%	26,345	26,781	2.0%
TRP Assets, LLC (3)	First-lien loan ($57,818 par, due 12/2025)	12/3/2021	SOFR + 7.76%	12.34%	56,927	58,468	4.4%
					83,272	85,249	6.4%
Other
Omnigo Software, LLC (3)(5)	First-lien loan ($40,353 par, due 3/2026)	3/31/2021	SOFR + 6.60%	10.92%	39,655	39,445	2.9%
Retail and Consumer Products
99 Cents Only Stores LLC (3)	ABL FILO term loan ($25,000 par, due 5/2025)	9/6/2017	L + 8.50%	13.23%	24,782	25,063	1.9%
American Achievement, Corp. (3)	First-lien loan ($27,171 par, due 9/2026)	9/30/2015	L + 6.25%	10.38% (incl. 9.88% PIK)	26,339	20,922	1.6%
	First-lien loan ($1,363 par, due 9/2026) (15)	6/10/2021	L + 14.00%	18.13% (incl. 17.63% PIK)	1,362	78	0.0%

15

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
	Subordinated note ($4,740 par, due 9/2026) (15)	3/16/2021	L + 1.00%	4.75% PIK	545	71	0.0%
Bed Bath and Beyond Inc. (3)	ABL FILO term loan ($55,000 par, due 8/2027)	9/2/2022	SOFR + 7.90%	12.30%	53,696	53,900	4.0%
Cordance Operations, LLC (3)	First-lien loan ($32,907 par, due 7/2028)	7/25/2022	SOFR + 8.75%	13.27%	32,091	32,135	2.4%
Neuintel, LLC (3)(5)	First-lien loan ($56,400 par, due 12/2026)	12/20/2021	L + 6.25%	10.76%	55,414	55,272	4.1%
Project P Intermediate 2, LLC (3)	ABL FILO term loan ($73,125 par, due 5/2026)	11/8/2021	L + 8.00%	12.41%	71,976	72,943	5.4%
Tango Management Consulting, LLC (3)(5)	First-lien loan ($44,674 par, due 12/2027)	12/1/2021	L + 6.75%	10.49%	43,752	42,997	3.2%
					309,957	303,381	22.6%
Transportation
Project44, Inc. (3)(5)	First-lien loan ($35,139 par, due 11/2027)	11/12/2021	L + 6.25%	11.41%	34,043	33,901	2.5%
Total Debt Investments					2,579,557	2,568,814	188.1%
Equity and Other Investments
Business Services
Dye & Durham, Ltd. (4)(11)	Common Shares (126,968 shares)	12/3/2021			3,909	1,538 (CAD 2,284)	0.1%
Mitnick TA Aggregator, LP (12)(13)(14)	Membership Interest (0.43% ownership)	5/2/2022			5,243	5,243	0.4%
ReliaQuest, LLC (12)(14)	Class A-1 Units (567,683 units)	11/23/2021			1,120	1,512	0.1%
	Class A-2 Units (2,580 units)(13)	6/21/2022			6	9	0.0%
Sprinklr, Inc. (11)(12)	Common Shares (484,700 shares)	6/24/2021			4,180	3,960	0.3%
WideOrbit, Inc. (12)	1,567,807 Warrants	7/8/2020			327	4,869	0.4%
					14,785	17,131	1.3%
Communications
Celtra Technologies, Inc. (12)	Class A Units (1,250,000 units)	11/19/2021			1,250	1,250	0.1%
IntelePeer Holdings, Inc. (12)	Series C Preferred Shares (1,816,295 shares)	4/8/2021			1,816	1,794	0.1%
	Series D Preferred Shares (1,598,874 shares)	4/8/2021			2,925	1,923	0.1%
	280,000 Warrants	2/28/2020			183	—	0.0%
	106,592 Warrants	4/8/2021			—	—	0.0%
					6,174	4,967	0.3%
Education
Astra 2L Holdings II LLC (12)(13)	Membership Interest (10.17% ownership)	1/13/2022			3,255	2,555	0.2%
EMS Linq, Inc. (12)	Class B Units (5,522,526 units)	12/22/2021			5,523	4,763	0.4%
RMCF IV CIV XXXV,    LP. (12)	Partnership Interest (11.94% ownership)	6/8/2021			1,000	1,190	0.1%
					9,778	8,508	0.7%
Financial Services
AvidXchange, Inc. (11)(12)	Common Shares (200,721 shares)	10/15/2021			1,022	1,995	0.1%
Newport Parent Holdings, LP (12)	Class A-2 Units (131,569 units)	12/10/2020			4,177	4,845	0.4%
Oxford Square Capital Corp. (4)(11)	Common Shares (1,620 shares)	8/5/2015			6	5	0.0%
Passport Labs, Inc. (12)	17,534 Warrants	4/28/2021			192	71	0.0%
TradingScreen, Inc. (12)(14)	Class A Units (600,000 units)	5/14/2021			600	600	0.0%
					5,997	7,516	0.5%
Healthcare
Caris Life Sciences, Inc. (12)	Series C Preferred Shares (362,319 shares)	10/13/2020			1,000	1,310	0.1%
	Series D Preferred Shares (1,240,740 shares)	5/11/2021			10,050	8,668	0.6%
	633,376 Warrants	9/21/2018			192	1,270	0.1%
	569,991 Warrants	4/2/2020			250	959	0.1%
Merative L.P. (12)(13)(14)	989,691 Class A-1 Units	6/30/2022			9,897	9,897	0.7%
					21,389	22,104	1.6%
Hotel, Gaming and Leisure
IRGSE Holding Corp. (7)(12)	Class A Units (33,790,171 units)	12/21/2018			21,842	24,413	1.8%
	Class C-1 Units (8,800,000 units)	12/21/2018			100	43	0.0%
					21,942	24,456	1.8%
Human Resource Support Services
Axonify, Inc. (4)(12)(14)	Class A-1 Units (3,780,000 units)	5/5/2021			3,780	4,262	0.3%
bswift, LLC (12)(13)	Class A-1 Units (2,393,509 units)	11/7/2022			2,394	2,394	0.2%
ClearCompany, LLC (12)(14)	Series A Preferred Units (1,429,228 units)	8/24/2018			2,014	4,869	0.4%
DaySmart Holdings, LLC (12)(14)	Class A Units (166,811 units)	10/1/2019			1,347	1,798	0.1%
Employment Hero Holdings Pty Ltd. (4)(12)(13)	Series E Preferred Shares (113,250 shares)	3/1/2022			2,134	2,034 (AUD 3,164)	0.2%
					11,669	15,357	1.2%
Internet Services
Bayshore Intermediate #2, L.P. (12)(14)	Common Units (12,330,709 units)	10/1/2021			12,331	11,375	0.8%
Lucidworks, Inc. (12)	Series F Preferred Shares (199,054 shares)	8/2/2019			800	800	0.1%
Piano Software, Inc. (12)	Series C-1 Preferred Shares (418,527 shares)	12/22/2021			3,000	3,000	0.2%
	Series C-2 Preferred Shares (27,588 shares)(13)	11/18/2022			198	198	0.0%

16

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate	Amortized Cost (2)(8)	Fair Value (9)	Percentage of Net Assets
SMA Technologies Holdings, LLC (12)(13)	Class A Units (1,300 shares)	11/21/2022			1,300	1,300	0.1%
	Class B Units (923,250 shares)	11/21/2022			—	—	0.0%
					17,629	16,673	1.2%
Marketing Services
Validity, Inc. (12)	Series A Preferred Shares (3,840,000 shares)	5/31/2018			3,840	11,520	0.9%
Oil, Gas and Consumable Fuels
Murchison Oil and Gas, LLC (13)(14)	13,355 Preferred Units	6/30/2022			13,355	13,088	1.0%
TRP Assets, LLC (12)(13)(14)	Partnership Interest (1.89% ownership)	8/25/2022			8,067	10,205	0.8%
					21,422	23,293	1.8%
Pharmaceuticals
TherapeuticsMD, Inc. (4)(12)	14,256 Warrants	8/5/2020			1,028	—	0.0%
	65,250 Warrants (13)	7/29/2022			409	365	0.0%
					1,437	365	—
Retail and Consumer Products
American Achievement, Corp. (12)	Class A Units (687 units)	3/16/2021			—	50	0.0%
Copper Bidco, LLC (10)	Trust Certificates (132,928 Certificates)	12/7/2020			—	665	0.0%
	Trust Certificates (996,958 Certificates)	1/30/2021			3,041	12,462	0.9%
Neuintel, LLC (12)(14)	Class A Units (1,176,494 units)	12/21/2021			3,000	2,618	0.2%
					6,041	15,795	1.1%
Structured Credit
Allegro CLO Ltd, Series 2018-1A, (3)(4)(10)	Structured Product ($1,000 par, due 6/2031)	5/26/2022	L + 2.85%	5.36%	924	848	0.1%
American Money Management Corp CLO Ltd, Series 2016-18A (3)(4)(10)	Structured Product ($1,500 par, due 5/2031)	6/22/2022	L + 3.05%	6.06%	1,347	1,309	0.1%
Ares CLO Ltd, Series 2021-59A (3)(4)(10)	Structured Product ($1,000 par, due 4/2034)	6/23/2022	L + 6.25%	9.03%	894	875	0.1%
Ares Loan Funding I Ltd, Series 2021-ALFA, Class E (3)(4)(10)	Structured Product ($1,000 par, due 10/2034)	6/24/2022	L + 6.70%	9.21%	918	881	0.1%
Bain Capital Credit CLO Ltd, Series 2018-1A (3)(4)(10)	Structured Product ($500 par, due 4/2031)	10/15/2020	L + 5.35%	8.13%	424	383	0.0%
Battalion CLO Ltd, Series 2021-21A (3)(4)(10)	Structured Product ($1,300 par, due 7/2034)	7/13/2022	L + 3.30%	5.81%	1,158	1,158	0.1%
Benefit Street Partners CLO Ltd, Series 2015-BR (3)(4)(10)	Structured Product ($2,500 par, due 7/2034)	7/13/2022	L + 3.85%	6.56%	2,179	2,285	0.2%
Benefit Street Partners CLO Ltd, Series 2015-8A (3)(4)(10)	Structured Product ($1,425 par, due 1/2031)	9/13/2022	L + 2.75%	5.46%	1,265	1,214	0.1%
Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA (3)(4)(10)	Structured Product ($1,000 par, due 7/2030)	5/26/2022	L + 2.90%	5.41%	892	844	0.1%
Carlyle Global Market Strategies CLO Ltd, Series 2018-1A (3)(4)(10)	Structured Product ($1,550 par, due 4/2031)	8/11/2020	L + 5.75%	8.46%	1,246	1,241	0.1%
CarVal CLO III Ltd, Series 2019-2A (3)(4)(10)	Structured Product ($1,000 par, due 7/2032)	6/30/2022	L + 6.44%	9.15%	897	887	0.1%
Cedar Funding CLO Ltd, Series 2018-7A (3)(4)(10)	Structured Product ($1,000 par, due 1/2031)	7/21/2022	L + 4.55%	7.26%	861	847	0.1%
CIFC CLO Ltd, Series 2018-3A (3)(4)(10)	Structured Product ($1,000 par, due 7/2031)	6/16/2022	L + 5.50%	8.24%	897	850	0.1%
CIFC CLO Ltd, Series 2021-4A (3)(4)(10)	Structured Product ($1,000 par, due 7/2033)	7/14/2022	L + 6.00%	8.51%	879	909	0.1%
Crown Point CLO Ltd, Series 2021-10A (3)(4)(10)	Structured Product ($1,000 par, due 7/2034)	6/14/2022	L + 6.85%	9.56%	900	871	0.1%
Dryden Senior Loan Fund, Series 2018-55A (3)(4)(10)	Structured Product ($1,000 par, due 4/2031)	7/25/2022	L + 2.85%	5.36%	900	883	0.1%
Dryden Senior Loan Fund, Series 2020-86A (3)(4)(10)	Structured Product ($1,500 par, due 7/2034)	8/17/2022	L + 6.50%	9.24%	1,417	1,307	0.1%
Eaton CLO Ltd, Series 2015-1A (3)(4)(10)	Structured Product ($2,500 par, due 1/2030)	6/23/2022	L + 2.50%	5.21%	2,227	2,183	0.2%
Eaton CLO Ltd, Series 2020-1A (3)(4)(10)	Structured Product ($1,000 par, due 10/2034)	8/11/2022	L + 6.25%	8.76%	931	888	0.1%
GoldenTree CLO Ltd, Series 2020-7A (3)(4)(10)	Structured Product ($1,000 par, due 4/2034)	6/17/2022	L + 6.50%	9.21%	918	914	0.1%
Gulf Stream Meridian, Series 2021-4A (3)(4)(10)	Structured Product ($1,015 par, due 7/2034)	6/3/2022	L + 6.35%	8.86%	932	872	0.1%
Gulf Stream Meridian, Series 2021-6A (3)(4)(10)	Structured Product ($2,000 par, due 1/2037)	9/12/2022	L + 6.36%	8.87%	1,799	1,718	0.1%
Jefferson Mill CLO Ltd, Series 2015-1A (3)(4)(10)	Structured Product ($1,000 par, due 10/2031)	5/23/2022	L + 3.55%	6.26%	901	870	0.1%
KKR CLO Ltd, 49A (3)(4)(10)	Structured Product ($1,000 par, due 7/2035)	6/2/2022	L + 8.00%	10.17%	966	909	0.1%
Madison Park CLO, Series 2018-28A (3)(4)(10)	Structured Product ($1,000 par, due 7/2030)	6/28/2022	L + 5.25%	7.76%	881	877	0.1%

17

Company (1)(6)	Investment	Initial Acquisition Date	Reference Rate and Spread	Interest Rate		Amortized Cost (2)(8)		Fair Value (9)	Percentage of Net Assets
Magnetite CLO Ltd, Series 2021-30A (3)(4)(10)	Structured Product ($1,000 par, due 10/2034)	6/13/2022	L + 6.20%	8.98%		917		909	0.1%
MidOcean Credit CLO Ltd, Series 2016-6A (3)(4)(10)	Structured Product ($3,500 par, due 4/2033)	5/23/2022	L + 3.52%	6.23%		3,151		2,971	0.2%
MidOcean Credit CLO Ltd, Series 2018-9A (3)(4)(10)	Structured Product ($1,100 par, due 7/2031)	6/1/2022	L + 6.05%	8.76%		959		828	0.1%
Octagon 57 LLC, Series 2021-1A (3)(4)(10)	Structured Product ($1,000 par, due 10/2034)	5/24/2022	L + 6.60%	9.11%		924		872	0.1%
Octagon Investment Partners 18 Ltd, Series 2018-18A (3)(4)(10)	Structured Product ($1,000 par, due 4/2031)	7/26/2022	L + 2.70%	5.44%		890		855	0.1%
Octagon Investment Partners 38 Ltd, Series 2018-1A (3)(4)(10)	Structured Product ($2,800 par, due 7/2030)	9/20/2022	L + 2.95%	5.66%		2,456		2,436	0.2%
Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A (3)(4)(10)	Structured Product ($1,000 par, due 10/2031)	9/23/2022	L + 3.33%	6.04%		863		870	0.1%
Pikes Peak CLO, Series 2021-9A (3)(4)(10)	Structured Product ($2,000 par, due 10/2034)	8/31/2022	L + 6.58%	9.35%		1,782		1,721	0.1%
RR Ltd, Series 2020-8A (3)(4)(10)	Structured Product ($1,000 par, due 4/2033)	8/22/2022	L + 6.40%	8.91%		929		909	0.1%
Shackelton CLO Ltd, Series 2015-7RA (3)(4)(10)	Structured Product ($1,000 par, due 7/2031)	5/23/2022	L + 3.33%	5.84%		890		855	0.1%
Signal Peak CLO LLC, Series 2018-5A (3)(4)(10)	Structured Product ($1,000 par, due 4/2031)	8/9/2022	L + 5.65%	8.43%		896		824	0.1%
Southwick Park CLO Ltd, Series 2019-4A (3)(4)(10)	Structured Product ($1,000 par, due 7/2032)	5/25/2022	L + 6.25%	8.96%		928		867	0.1%
Stewart Park CLO Ltd, Series 2015-1A (3)(4)(10)	Structured Product ($1,000 par, due 1/2030)	7/25/2022	L + 2.60%	5.11%		897		888	0.1%
Voya CLO Ltd, Series 2018-3A (3)(4)(10)	Structured Product ($2,750 par, due 10/2031)	6/22/2022	L + 5.75%	8.26%		2,382		2,166	0.1%
Whitebox CLO I Ltd, Series 2020-2A (3)(4)(10)	Structured Product ($1,125 par, due 10/2034)	7/12/2022	L + 3.35%	6.13%		1,005		1,056	0.0%
Wind River CLO Ltd, Series 2014-2A (3)(4)(10)	Structured Product ($1,500 par, due 1/2031)	6/23/2022	L + 2.90%	5.41%		1,347		1,293	0.0%
Wind River CLO Ltd, Series 2017-1A (3)(4)(10)	Structured Product ($3,000 par, due 4/2036)	7/14/2022	L + 3.72%	6.46%		2,617		2,624	0.1%
Wind River CLO Ltd, Series 2018-3A (3)(4)(10)	Structured Product ($2,000 par, due 1/2031)	12/12/2022	L + 5.65%	6.46%		1,680		1,659	0.1%
						53,066		51,426	4.4%
Total Equity and Other Investments						195,169		219,111	16.8%
Total Investments					$	2,774,726	$	2,787,925	204.9%

	Interest Rate Swaps as of December 31, 2022
	Company Receives	Company Pays	Maturity Date	Notional Amount		Fair Market Value			Upfront (Payments) / Receipts		Change in Unrealized Gains / (Losses)
Interest rate swap (a)	4.50%	L + 1.99%	1/22/2023	$	150,000	$	(231	)	$	—	$	(3,292	)
Interest rate swap (a)(e)	L + 2.28%	3.875%	11/1/2024		2,500		—			128		—
Interest rate swap (a)(b)	4.50%	L + 2.37%	8/1/2022		—		—			—		(1,192	)
Interest rate swap (a)(b)	4.50%	L + 1.59%	8/1/2022		—		—			—		(751	)
Interest rate swap (a)(b)	4.50%	L + 1.60%	8/1/2022		—		—			—		(112	)
Interest rate swap (a)(b)	L + 2.11%	4.50%	8/1/2022		—		—			1,252		(924	)
Interest rate swap (a)(b)	L + 2.11%	4.50%	8/1/2022		—		—			96		(70	)
Interest rate swap (a)(b)	L + 2.11%	4.50%	8/1/2022		—		—			904		(394	)
Interest rate swap (a)(b)	L	0.16%	7/30/2022		—		—			—		(13	)
Total Non Hedge Accounting Swaps					152,500		(231	)		2,380		(6,748	)
Interest rate swap (a)(c)(d)	3.875%	L + 2.25%	11/1/2024		300,000		(16,493	)		—		(20,489	)
Interest rate swap (a)(c)(d)	3.875%	L + 2.46%	11/1/2024		50,000		(2,925	)		—		(3,302	)
Interest rate swap (a)(c)	2.50%	L + 1.91%	8/1/2026		300,000		(35,665	)		—		(25,426	)
Total Hedge Accounting Swaps					650,000		(55,083	)		—		(49,217	)
Cash collateral					—		57,786			—		—
Total				$	802,500	$	2,472		$	2,380	$	(55,965	)

a)Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

b)Interest rate swap was terminated or matured during the period.

18

c)Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

d)$2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

e)The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

(1)Certain portfolio company investments are subject to contractual restrictions on sales.

(2)The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

(3)Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate, the Canadian Prime rate, or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at December 31, 2022.

(4)This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 9.7% of total assets as of December 31, 2022.

(5)In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

(6)Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:

Non-controlled, Affiliated Investments during the year ended December 31, 2022

Company	Fair Value at December 31, 2021		Gross Additions (a)		Gross Reductions (b)			Net Change In Unrealized Gain/(Loss)			Realized Gain/(Loss)		Transfers		Fair Value at December 31, 2022		Other Income		Interest Income
MD America Energy,    LLC (c)	$	27,017	$	—	$	(12,667	)	$	(14,350	)	$	13,608	$	—	$	—	$	—	$	133
Total	$	27,017	$	—	$	(12,667	)	$	(14,350	)	$	13,608	$	—	$	—	$	—	$	133

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable. When an investment is placed on non-accrual status, any cash flows received by the Company are applied to the outstanding principal balance.

(c)Includes investment in SMPA Holdings, LLC of 15,000 common equity units.

(7)Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

19

Controlled, Affiliated Investments during the year ended December 31, 2022

Company	Fair Value at December 31, 2021		Gross Additions (a)		Gross Reductions (b)			Net Change In Unrealized Gain/(Loss)		Realized Gain/(Losses)		Transfers		Fair Value at December 31, 2022		Other Income		Interest Income
IRGSE Holding Corp.	$	59,779	$	4,420	$	—		$	6,556	$	—	$	—	$	70,755	$	5	$	5,064
Mississippi Resources,    LLC	—		—			(1,553	)		1,498		55	—		—		—		—
Total	$	59,779	$	4,420	$	(1,553	)	$	8,054	$	55	$	—	$	70,755	$	5	$	5,064

(a)Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

(b)Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable. When an investment is placed on non-accrual status, any cash flows received by the Company are applied to the outstanding principal balance.

(8)As of December 31, 2022, the estimated cost basis of investments for U.S. federal tax purposes was $2,787,005 resulting in estimated gross unrealized gains and losses of $109,609 and $105,786, respectively.

(9)In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

(10)This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

(11)This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

(12)This investment is non-income producing.

(13)All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $47,288, or 3.5% of the Company’s net assets.

(14)Ownership of equity investments may occur through a holding company or partnership.

(15)Investment is on non-accrual status as of December 31, 2022.

20

Sixth Street Specialty Lending, Inc.

Consolidated Statements of Changes in Net Assets

(Amounts in thousands, except share amounts)

(Unaudited)

	Common Stock				Treasury Stock
	Shares		Par Amount		Shares		Cost			Paid in Capital in Excess of Par			Distributable Earnings			Total Net Assets
Balance at December 31, 2022		81,389,287	$	821		664,250	$	(10,459	)	$	1,294,751		$	56,456		$	1,341,569
Net increase (decrease) in net assets resulting from operations:
Net investment income		—		—		—		—			—			42,937			42,937
Net change in unrealized gains (losses) on investments and    foreign currency translation		—		—		—		—			—			4,777			4,777
Net realized gains (losses) on investments and foreign    currency transactions		—		—		—		—			—			5,238			5,238
Dividends to stockholders:
Stock issued in connection with dividend reinvestment plan		362,578		3		—		—			6,245			—			6,248
Dividends declared from distributable earnings		—		—		—		—			—			(44,764	)		(44,764	)
Tax reclassification of stockholders' equity in accordance with    GAAP (1)		—		—		—		—			(403	)		403			—
Balance at March 31, 2023		81,751,865	$	824		664,250	$	(10,459	)	$	1,300,593		$	65,047		$	1,356,005
Net increase (decrease) in net assets resulting from operations:
Net investment income		—		—		—		—			—			48,784			48,784
Net change in unrealized gains (losses) on investments and    foreign currency translation		—		—		—		—			—			2,822			2,822
Net realized gains (losses) on investments and foreign    currency transactions		—		—		—		—			—			1,484			1,484
Increase (decrease) in Net Assets Resulting from Capital Share    Transactions:
Issuance of common stock, net of offering and    underwriting costs		5,175,000		52		—		—			89,238			—			89,290
Dividends to stockholders:
Stock issued in connection with dividend reinvestment plan		314,366		3		—		—			5,578			—			5,581
Dividends declared from distributable earnings		—		—		—		—			—			(43,437	)		(43,437	)
Balance at June 30, 2023		87,241,231	$	879		664,250	$	(10,459	)	$	1,395,409		$	74,700		$	1,460,529

	Common Stock				Treasury Stock
	Shares		Par Amount		Shares		Cost			Paid in Capital in Excess of Par			Distributable Earnings			Total Net Assets
Balance at December 31, 2021		75,771,542	$	761		296,044	$	(4,291	)	$	1,189,275		$	90,103		$	1,275,848
Net increase (decrease) in net assets resulting from operations:
Net investment income		—		—		—		—			—			35,712			35,712
Net change in unrealized gains (losses) on investments and    foreign currency translation		—		—		—		—			—			(8,495	)		(8,495	)
Net realized gains (losses) on investments and foreign    currency transactions		—		—		—		—			—			13,668			13,668
Dividends to stockholders:
Stock issued in connection with dividend reinvestment plan		299,138		3		—		—			6,771			—			6,774
Dividends declared from distributable earnings		—		—		—		—			—			(39,522	)		(39,522	)
Tax reclassification of stockholders' equity in accordance with    GAAP (1)		—		—		—		—			(351	)		351			—
Balance at March 31, 2022		76,070,680	$	764		296,044	$	(4,291	)	$	1,195,695		$	91,817		$	1,283,985
Net increase (decrease) in net assets resulting from operations:
Net investment income		—		—		—		—			—			40,822			40,822
Net change in unrealized gains (losses) on investments and    foreign currency translation		—		—		—		—			—			(54,751	)		(54,751	)
Net realized gains (losses) on investments and foreign    currency transactions		—		—		—		—			—			404			404
Dividends to stockholders:
Stock issued in connection with dividend reinvestment plan		268,835		2		—		—			5,836			—			5,838
Dividends declared from distributable earnings		—		—		—		—			—			(34,339	)		(34,339	)
Balance at June 30, 2022		76,339,515	$	766		296,044	$	(4,291	)	$	1,201,531		$	43,953		$	1,241,959

(1)The Company’s tax year end is March 31st.

The accompanying notes are an integral part of these consolidated financial statements.

21

Sixth Street Specialty Lending, Inc.

Consolidated Statements of Cash Flows

(Amounts in thousands)

(Unaudited)

	Six Months Ended			Six Months Ended
	June 30, 2023			June 30, 2022
Cash Flows from Operating Activities
Increase (decrease) in net assets resulting from operations	$	106,042		$	27,360
Adjustments to reconcile increase (decrease) in net assets resulting from operations    to net cash provided by (used in) operating activities:
Net change in unrealized (gains) losses on investments		(10,429	)		64,524
Net change in unrealized (gains) losses on foreign currency transactions		3,004			(5,872	)
Net change in unrealized (gains) losses on interest rate swaps		(174	)		4,594
Net realized (gains) losses on investments		(6,436	)		(14,104	)
Net realized (gains) losses on foreign currency transactions		(476	)		(57	)
Net amortization of discount on investments		(7,674	)		(9,421	)
Amortization of deferred financing costs		2,312			2,882
Amortization of discount on debt		387			378
Purchases and originations of investments, net		(455,596	)		(438,388	)
Proceeds from investments, net		9,049			19,381
Repayments on investments		176,630			370,086
Paid-in-kind interest		(6,634	)		(6,762	)
Changes in operating assets and liabilities:
Interest receivable		(3,380	)		(1,479	)
Interest receivable paid-in-kind		(1,013	)		391
Prepaid expenses and other assets		1,441			(1,413	)
Management fees payable to affiliate		584			96
Incentive fees on net investment income payable to affiliate		(411	)		(3,065	)
Incentive fees on net capital gains accrued to affiliate		2,506			(7,699	)
Payable to affiliate		281			860
Other liabilities		3,406			(37,018	)
Net Cash Provided by (Used in) Operating Activities		(186,581	)		(34,726	)
Cash Flows from Financing Activities
Borrowings on debt		750,079			498,755
Repayments on debt		(571,126	)		(387,635	)
Deferred financing costs		(5,083	)		(4,296	)
Equity offering expenses		(394	)		—
Public offering		89,684			—
Dividends paid to stockholders		(76,371	)		(60,888	)
Net Cash Provided by (Used in) Financing Activities		186,789			45,936
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash		208			11,210
Cash, cash equivalents, and restricted cash, beginning of period		25,647			15,967
Cash, Cash Equivalents, and Restricted Cash, End of Period	$	25,855		$	27,177
Supplemental Information:
Interest paid during the period	$	56,464		$	17,833
Excise and other taxes paid during the period	$	2,416		$	1,600
Dividends declared during the period	$	88,201		$	73,861
Non-Cash Financing Activities:
Reinvestment of dividends during the period	$	11,829		$	12,613

The accompanying notes are an integral part of these consolidated financial statements.

22

Sixth Street Specialty Lending, Inc.

Notes to Consolidated Financial Statements

(Unaudited)

(Amounts in thousands, unless otherwise indicated)

1. Organization and Basis of Presentation

Organization

Sixth Street Specialty Lending, Inc. (the “Company”) is a Delaware corporation formed on July 21, 2010. The Company was formed primarily to lend to, and selectively invest in, middle-market companies in the United States. The Company has elected to be regulated as a business development company (“BDC”) under the 1940 Act. In addition, for tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is managed by Sixth Street Specialty Lending Advisers, LLC (the “Adviser”). On June 1, 2011, the Company formed a wholly-owned subsidiary, TC Lending, LLC, a Delaware limited liability company. On March 22, 2012, the Company formed a wholly-owned subsidiary, Sixth Street SL SPV, LLC, a Delaware limited liability company. On May 19, 2014, the Company formed a wholly-owned subsidiary, Sixth Street SL Holding, LLC, a Delaware limited liability company. On December 9, 2020, the Company formed a wholly-owned subsidiary, Sixth Street Specialty Lending Sub, LLC, a Cayman Islands limited liability company.

On March 21, 2014, the Company completed its initial public offering (“IPO”) and the Company’s shares began trading on the New York Stock Exchange (“NYSE”) under the symbol “TSLX.”

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements for the periods presented have been included. The results of operations for interim periods are not indicative of results to be expected for the full year. All intercompany balances and transactions have been eliminated in consolidation.

Certain financial information that is normally included in annual financial statements, including certain financial statement footnotes, prepared in accordance with U.S. GAAP, is not required for interim reporting purposes and has been condensed or omitted herein. These consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes related thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission (“SEC”), on February 16, 2023.

The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies.

Fiscal Year End

The Company’s fiscal year ends on December 31.

2. Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash and Cash Equivalents

Cash and cash equivalents may consist of demand deposits, highly liquid investments (e.g., money market funds, U.S. Treasury notes, and similar type instruments) with original maturities of three months or less, and restricted cash pledged as collateral for certain centrally cleared derivative instruments. Cash and cash equivalents denominated in U.S. dollars are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with highly-rated banking corporations and, at times, cash deposits may exceed the insured limits under applicable law.

23

Investments at Fair Value

Loan originations are recorded on the date of the binding commitment, which is generally the funding date. Investment transactions purchased through the secondary markets are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values and also includes the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period.

Investments for which market quotations are readily available are typically valued at those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of our investments, are valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”), based on, among other things, the input of the Adviser, the Company’s Audit Committee and independent third-party valuation firms engaged at the direction of the Board.

As part of the valuation process, the Board takes into account relevant factors in determining the fair value of its investments, including and in combination of: the estimated enterprise value of a portfolio company (that is, the total value of the portfolio company’s net debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, the Board considers whether the pricing indicated by the external event corroborates its valuation.

The Board undertakes a multi-step valuation process, which includes, among other procedures, the following:

•The valuation process begins with each investment being initially valued by the investment professionals responsible for the portfolio investment in conjunction with the portfolio management team.

•The Adviser’s management reviews the preliminary valuations with the investment professionals. Agreed upon valuation recommendations are presented to the Audit Committee.

•The Audit Committee reviews the valuations presented and recommends values for each investment to the Board.

•The Board reviews the recommended valuations and determines the fair value of each investment; valuations that are not based on readily available market quotations are valued in good faith based on, among other things, the input of the Adviser, Audit Committee and, where applicable, other third parties including independent third-party valuation firms engaged at the direction of the Board.

The Company conducts this valuation process on a quarterly basis.

The Board has engaged independent third-party valuation firms to perform certain limited procedures that the Board has identified and requested them to perform in connection with the valuation process of investments for which no market quotations are readily available. At June 30, 2023, the independent third-party valuation firms performed their procedures over substantially all of the Company’s investments. Upon completion of such limited procedures, the third-party valuation firms concluded that the fair value, as determined by the Board, of those investments subjected to their limited procedures, appeared reasonable.

The Company applies Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurement (“ASC Topic 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC Topic 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC Topic 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC Topic 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC Topic 820, these levels are summarized below:

•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.

24

Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC Topic 820. Consistent with the valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When a security is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), the Company subjects those prices to various additional criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Company reviews pricing provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs. Some additional factors considered include the number of prices obtained as well as an assessment as to their quality, such as the depth of the relevant market relative to the size of the Company’s position.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment including the impact of changes in broader market indices and credit spreads and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

The Company recognizes all derivative instruments as assets or liabilities at fair value in its consolidated financial statements, pursuant to ASC Topic 815 Derivatives and Hedging, further clarified by the FASB’s issuance of the Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging, which was adopted in 2019 by the Company. For all derivative instruments designated in a hedge accounting relationship, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company uses certain interest rate swaps as derivative instruments to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. For derivative contracts entered into by the Company that are not designated in a hedge accounting relationship, the Company presents changes in the fair value through current period earnings.

In the normal course of business, the Company has commitments and risks resulting from its investment transactions, which may include those involving derivative instruments. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. While the notional amount gives some indication of the Company’s derivative activity, it generally is not exchanged, but is only used as the basis on which interest and other payments are exchanged. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process.

Derivatives, including the Company’s interest rate swaps, for which broker quotes are available are typically valued at those broker quotes.

Offsetting Assets and Liabilities

Foreign currency forward contract and interest rate swap receivables or payables pending settlement are offset, and the net amount is included with receivable or payable for foreign currency forward contracts or interest rate swaps in the consolidated balance sheets when, and only when, they are with the same counterparty, the Company has the legal right to offset the recognized amounts, and it intends to either settle on a net basis or realize the asset and settle the liability simultaneously.

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash and cash equivalents, market value of investments, outstanding debt on revolving credit facilities, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

25

Although net assets and fair values are presented based on the applicable foreign exchange rates described above, the Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in fair values of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Equity Offering Expenses

The Company records expenses related to equity offerings as a reduction of capital upon completion of an offering of registered securities. The costs associated with renewals of the Company’s shelf registration statement are expensed as incurred.

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as deferred financing costs, which are presented as a direct deduction from the carrying value of the related debt liability. These expenses are deferred and amortized using the effective interest method, or straight-line method, over the stated maturity of the debt obligation.

Interest and Dividend Income Recognition

Interest income is recorded on an accrual basis and includes the amortization of discounts and premiums. Discounts and premiums to par value on securities purchased or originated are amortized into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of discounts and premiums, if any.

Unless providing services in connection with an investment, such as syndication, structuring or diligence, all or a portion of any loan fees received by the Company will be deferred and amortized over the investment’s life using the effective interest method.

Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when management has reasonable doubt that the borrower will pay principal or interest in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest has been paid and, in management’s judgment, the borrower is likely to make principal and interest payments in the future. Management may determine to not place a loan on non-accrual status if, notwithstanding any failure to pay, the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income

From time to time, the Company may receive fees for services provided to portfolio companies by the Adviser. The services that the Adviser provides vary by investment, but may include syndication, structuring, diligence fees, or other service-based fees and fees for providing managerial assistance to our portfolio companies and are recognized as revenue when earned.

Earnings per share

The Company's earnings per share (“EPS”) amounts have been computed based on the weighted-average number of shares of common stock outstanding for the period. Basic EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock assuming all potential shares had been issued and the additional shares of common stock were dilutive. Diluted EPS reflects the potential dilution, using the if-converted method for convertible debt, which could occur if all potentially dilutive securities were exercised.

26

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are expected to be reimbursed by third parties, are typically deferred until the transaction is consummated and are recorded in Prepaid expenses and other assets on the date incurred. The transaction-related costs of pursuing investments not otherwise reimbursed are borne by the Company and for successfully completed investments included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as Cash and cash equivalents with an offset to Other liabilities or Other payables to affiliates. Other liabilities or Other payables to affiliates are relieved as reimbursable expenses are incurred.

Income Taxes, Including Excise Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and the Company intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must, among other things, distribute to its stockholders in each taxable year generally at least 90% of its investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain its RIC status, the Company, among other things, has made and intends to continue to make the requisite distributions to its stockholders, which generally relieves the Company from corporate-level U.S. federal income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that the estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company accrues excise tax on estimated excess taxable income.

For the three and six months ended June 30, 2023, the Company recorded a net expense of $0.9 million and $1.3 million, respectively, for U.S. federal excise tax and other taxes. For the three and six months ended June 30, 2022, the Company recorded a net expense of $0.8 million and $1.1 million, respectively, for U.S. federal excise tax and other taxes.

Dividends to Common Stockholders

Dividends to common stockholders are recorded on the record date. The amount to be paid out as a dividend is determined by the Board and is generally based upon the earnings estimated by the Adviser. Net realized long-term capital gains, if any, would generally be distributed at least annually, although the Company may decide to retain such capital gains.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any dividends declared in cash on behalf of stockholders, unless a stockholder elects to receive cash. As a result, if the Board authorizes, and it declares, a cash dividend, then the stockholders who have not “opted out” of the dividend reinvestment plan will have their cash dividends automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash dividend. The Company expects to use newly issued shares to satisfy the dividend reinvestment plan.

Recent Accounting Standards and Regulatory Updates

In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update 2022-06 (“ASU 2022-06”) “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848.” Topic 848 provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU 2022-06 is effective for all entities in scope upon issuance of ASU 2022-06. The adoption of this guidance did not have a material impact on the Company’s financial position, result of operations or cash flows.

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3. Agreements and Related Party Transactions

Administration Agreement

On March 15, 2011, the Company entered into the Administration Agreement with the Adviser. Under the terms of the Administration Agreement, the Adviser provides administrative services to the Company. These services include providing office space, equipment and office services, maintaining financial records, preparing reports to stockholders and reports filed with the SEC, and managing the payment of expenses and the oversight of the performance of administrative and professional services rendered by others. Certain of these services are reimbursable to the Adviser under the terms of the Administration Agreement. In addition, the Adviser is permitted to delegate its duties under the Administration Agreement to affiliates or third parties and the Company pays or reimburses the Adviser for certain expenses incurred by any such affiliates or third parties for work done on its behalf.

In February 2017, the Board of Directors of the Company and the Adviser entered into an amended and restated administration agreement (the “Administration Agreement”) reflecting certain clarifications to the agreement to provide greater detail regarding the scope of the reimbursable costs and expenses of the Administrator’s services.

In November 2022, the Board renewed the Administration Agreement. Unless earlier terminated as described below, the Administration Agreement will remain in effect until November 2023, and may be extended subject to required approvals. The Administration Agreement may be terminated by either party without penalty on 60 days’ written notice to the other party.

No person who is an officer, director or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for the allocable portion of the costs of compensation, benefits, and related administrative expenses of the Company’s officers who provide operational and administrative services to the Company pursuant to the Administration Agreement, their respective staffs and other professionals who provide services to the Company (including, in each case, employees of the Adviser or an affiliate). Such reimbursable amounts include the allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s Chief Financial Officer, Chief Compliance Officer, and other professionals who provide operational and administrative services to the Company pursuant to the Administration Agreement, including individuals who provide “back office” or “middle office” financial, operational, legal and/or compliance services to the Company. The Company reimburses the Adviser (or its affiliates) for the allocable portion of the compensation paid by the Adviser (or its affiliates) to such individuals based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company and in acting on behalf of the Company. The Company may also reimburse the Adviser or its affiliates for the allocable portion of overhead expenses (including rent, office equipment and utilities) attributable thereto. Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

For the three and six months ended June 30, 2023 the Company incurred expenses of $0.6 million and $1.2 million, respectively, for administrative services payable to the Adviser under the terms of the Administration Agreement, which is included in other general and administrative expenses in the Consolidated Statements of Operations. For the three and six months ended June 30, 2022, the Company incurred expenses of $0.8 million and $1.4 million, respectively, for administrative services payable to the Adviser under the terms of the Administration Agreement.

Investment Advisory Agreement

On April 15, 2011, the Company entered into the Investment Advisory Agreement with the Adviser. The Investment Advisory Agreement was subsequently amended on December 12, 2011. Under the terms of the Investment Advisory Agreement, the Adviser provides investment advisory services to the Company. The Adviser’s services under the Investment Advisory Agreement are not exclusive, and the Adviser is free to furnish similar or other services to others so long as its services to the Company are not impaired. Under the terms of the Investment Advisory Agreement, the Company will pay the Adviser the Management Fee and may also pay certain Incentive Fees.

The Management Fee is calculated at an annual rate of 1.5% based on the average value of the Company’s gross assets calculated using the values at the end of the two most recently completed calendar quarters, adjusted for any share issuances or repurchases during the period. The Management Fee is payable quarterly in arrears.

For the three and six months ended June 30, 2023 Management Fees (gross of waivers) were $11.4 million and $22.1 million, respectively. For the three and six months ended June 30, 2022, Management Fees (gross of waivers) were $9.5 million and $18.8 million, respectively.

Any waived Management Fees are not subject to recoupment by the Adviser.

The Adviser intends to waive a portion of the Management Fee payable under the Investment Advisory Agreement by reducing the Management Fee on assets financed using leverage over 200% asset coverage (in other words, over 1.0x debt to equity) (the

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“Leverage Waiver”). Pursuant to the Leverage Waiver, the Adviser intends to waive the portion of the Management Fee in excess of an annual rate of 1.0% (0.250% per quarter) on the average value of the Company's gross assets as of the end of the two most recently completed calendar quarters that exceeds the product of (i) 200% and (ii) the average value of our net asset value at the end of the two most recently completed calendar quarters. The Adviser waived Management Fees of $0.3 million and $0.6 million, respectively, for the three and six months ended June 30, 2023 pursuant to the Leverage Waiver. For the three and six months ended June 30, 2022, Management Fees of less than $0.1 million have been waived pursuant to the Leverage Waiver.

The Incentive Fee consists of two parts, as follows:

1.The first component, payable at the end of each quarter in arrears, equals 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate,” the calculation of which is further explained below, until the Adviser has received 17.5% of the total pre-Incentive Fee net investment income for that quarter and, for pre-Incentive Fee net investment income in excess of 1.82% quarterly, 17.5% of all remaining pre-Incentive Fee net investment income for that quarter. The 100% “catch-up” provision for pre-Incentive Fee net investment income in excess of the 1.5% “hurdle rate” is intended to provide the Adviser with an Incentive Fee of 17.5% on all pre-Incentive Fee net investment income when that amount equals 1.82% in a quarter (7.28% annualized), which is the rate at which catch-up is achieved. Once the “hurdle rate” is reached and catch-up is achieved, 17.5% of any pre-Incentive Fee net investment income in excess of 1.82% in any quarter is payable to the Adviser.

Pre-Incentive Fee net investment income means dividends, interest and fee income accrued by the Company during the calendar quarter, minus the Company’s operating expenses for the quarter (including the Management Fee, expenses payable under the Administration Agreement to the Administrator, and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee net investment income includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with pay-in-kind interest and zero coupon securities), accrued income that the Company may not have received in cash. Pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses.

2.The second component, payable at the end of each fiscal year in arrears, equaled 15% through March 31, 2014 and, beginning April 1, 2014, equals a weighted percentage of cumulative realized capital gains from the Company’s inception to the end of that fiscal year, less cumulative realized capital losses and unrealized capital losses. This component of the Incentive Fee is referred to as the Capital Gains Fee. Each year, the fee paid for this component of the Incentive Fee is net of the aggregate amount of any previously paid Capital Gains Fee for prior periods. For capital gains that accrue following March 31, 2014, the Incentive Fee rate is 17.5%. The Company accrues, but does not pay, a capital gains Incentive Fee with respect to unrealized capital gains because a capital gains Incentive Fee would be owed to the Adviser if the Company were to sell the relevant investment and realize a capital gain. The weighted percentage is intended to ensure that for each fiscal year following the completion of the IPO, the portion of the Company’s realized capital gains that accrued prior to March 31, 2014, is subject to an Incentive Fee rate of 15% and the portion of the Company’s realized capital gains that accrued beginning April 1, 2014 is subject to an Incentive Fee rate of 17.5%. As of March 31, 2020, there were no remaining investments that were made prior to April 1, 2014, and as a result, the Incentive Fee rate of 17.5% is applicable to any future realized capital gains.

For purposes of determining whether pre-Incentive Fee net investment income exceeds the hurdle rate, pre-Incentive Fee net investment income is expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding calendar quarter.

Section 205(b)(3) of the Investment Advisers Act of 1940, as amended, or the Advisers Act, prohibits the Adviser from receiving the payment of fees on unrealized gains until those gains are realized, if ever. There can be no assurance that such unrealized gains will be realized in the future.

For three and six months ended June 30, 2023, Incentive Fees were $11.3 million and $22.5 million, respectively, of which $10.5 million and $20.0 million, respectively, were realized and payable to the Adviser. For the three and six months ended June 30, 2022, Incentive Fees were ($2.4) million and $6.9 million, respectively, of which $6.7 million and $14.6 million, respectively, were realized and payable to the Adviser. For the three and six months ended June 30, 2023, $0.7 million and $2.5 million, respectively of Incentive Fees was accrued related to the reversal of Capital Gains Fees. For the three and six months ended June 30, 2022, ($9.1) million and ($7.7) million, respectively of Incentive Fees was accrued related to the reversal of Capital Gains Fees. As of June 30, 2023, the Capital Gains Fees accrued are not contractually payable to the Adviser.

Any waived Incentive Fees are not subject to recoupment by the Adviser.

Since the Company’s IPO, with the exception of its waiver of Management Fees and certain Incentive Fees attributable to the Company’s ownership of certain investments and the Leverage Waiver, the Adviser has not waived its right to receive any Management Fees or Incentive Fees payable pursuant to the Investment Advisory Agreement.

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In November 2022, the Board renewed the Investment Advisory Agreement. Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect until November 2023, and may be extended subject to required approvals. The Investment Advisory Agreement will automatically terminate in the event of an assignment and may be terminated by either party without penalty on 60 days’ written notice to the other party.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

4. Investments at Fair Value

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company’s outstanding voting securities as investments in “affiliated” companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “controlled” companies. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled, affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedules of investments. The information in the tables below is presented on an aggregate portfolio basis, without regard to whether they are non-controlled, non-affiliated; non-controlled, affiliated; or controlled, affiliated investments.

Investments at fair value consisted of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,783,455	$	2,800,152	$	16,697
Second-lien debt investments		47,831		39,708		(8,123	)
Mezzanine debt investments		37,472		40,237		2,765
Equity and other investments		141,646		154,707		13,061
Structured credit investments		54,955		54,183		(772	)
Total Investments	$	3,065,359	$	3,088,987	$	23,628

	December 31, 2022
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,529,317	$	2,517,894	$	(11,423	)
Second-lien debt investments		42,743		40,762		(1,981	)
Mezzanine debt investments		7,497		10,158		2,661
Equity and other investments		142,103		167,685		25,582
Structured credit investments		53,066		51,426		(1,640	)
Total Investments	$	2,774,726	$	2,787,925	$	13,199

(1)The amortized cost represents the original cost adjusted for the amortization of discounts or premiums, as applicable, on debt investments using the effective interest method.

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The industry composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
Automotive		2.3	%		1.2	%
Business Services		15.6	%		14.4	%
Chemicals		0.7	%		0.7	%
Communications		3.1	%		2.7	%
Education		5.2	%		5.8	%
Financial Services		9.7	%		12.8	%
Healthcare		9.7	%		9.9	%
Hotel, Gaming and Leisure		4.1	%		4.5	%
Human Resource Support Services		11.8	%		11.9	%
Insurance		0.1	%		—
Internet Services		15.7	%		13.9	%
Manufacturing		1.2	%		1.3	%
Marketing Services		0.3	%		0.4	%
Office Products		0.6	%		0.7	%
Oil, Gas and Consumable Fuels		4.8	%		3.9	%
Other		3.0	%		3.3	%
Retail and Consumer Products		11.0	%		11.4	%
Transportation		1.1	%		1.2	%
Total		100.0	%		100.0	%

The geographic composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
United States
Midwest		10.1	%		11.6	%
Northeast		25.4	%		25.4	%
South		22.4	%		24.3	%
West		33.7	%		30.7	%
Australia		2.0	%		2.2	%
Canada		4.8	%		4.3	%
Finland (1)		0.0	%		—
Germany		0.1	%		0.1	%
Luxembourg		0.1	%		0.1	%
Netherlands		0.1	%		—
Norway		0.7	%		0.7	%
United Kingdom		0.6	%		0.6	%
Total		100.0	%		100.0	%

(1)Value sums to less than 0.1%.

5. Derivatives

Interest Rate Swaps

The Company enters into interest rate swap transactions from time to time to hedge fixed rate debt obligations and certain fixed rate debt investments. The Company’s interest rate swaps are all with one counterparty and are centrally cleared through a registered commodities exchange. Refer to the consolidated schedule of investments for additional disclosure regarding these interest rate swaps.

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The following tables present the amounts paid and received on the Company’s interest rate swap transactions, excluding upfront fees, for the three and six months ended June 30, 2023 and 2022:

				For the Three Months Ended June 30, 2023								For the Six Months Ended June 30, 2023
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap (1)	1/22/2023	$	—	$	—		$	—	$	—		$	(663	)	$	431		(232	)
Interest rate swap	11/1/2024		300,000		(5,601	)		2,906		(2,695	)		(10,833	)		5,813		(5,020	)
Interest rate swap	11/1/2024		50,000		(960	)		484		(476	)		(1,848	)		969		(879	)
Interest rate swap	11/1/2024		2,500		(24	)		47		23			(48	)		90		42
Interest rate swap	8/1/2026		300,000		(5,341	)		1,854		(3,487	)		(10,262	)		3,708		(6,554	)
Total		$	652,500	$	(11,926	)	$	5,291	$	(6,635	)	$	(23,654	)	$	11,011	$	(12,643	)

(1)As of June 30, 2023, these interest rate swaps had either matured or been terminated due to repayment of the underlying investment or security.

				For the Three Months Ended June 30, 2022								For the Six Months Ended June 30, 2022
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap	8/1/2022	$	115,000	$	(986	)	$	1,294	$	308		$	(1,731	)	$	2,587	$	856
Interest rate swap	8/1/2022		50,000		(329	)		563		234			(556	)		1,125		569
Interest rate swap	8/1/2022		7,500		(50	)		84		34			(84	)		169		85
Interest rate swap	8/1/2022		27,531		(306	)		214		(92	)		(613	)		373		(240	)
Interest rate swap	8/1/2022		2,160		(24	)		17		(7	)		(48	)		29		(19	)
Interest rate swap	8/1/2022		42,819		(481	)		339		(142	)		(963	)		588		(375	)
Interest rate swap	1/22/2023		150,000		(1,141	)		1,687		546			(1,971	)		3,375		1,404
Interest rate swap	11/1/2024		300,000		(2,521	)		2,906		385			(4,334	)		5,813		1,479
Interest rate swap	11/1/2024		50,000		(447	)		484		37			(767	)		969		202
Interest rate swap	11/1/2024		2,500		(25	)		21		(4	)		(48	)		36		(12	)
Interest rate swap	8/1/2026		300,000		(2,253	)		1,917		(336	)		(3,779	)		3,708		(71	)
Total		$	1,047,510	$	(8,563	)	$	9,526	$	963		$	(14,894	)	$	18,772	$	3,878

For the three and six months ended June 30, 2023, the Company recognized $0.1 million in net unrealized losses and $0.2 million in net unrealized gains, respectively, on interest rate swaps not designated as hedging instruments in the Consolidated Statements of Operations related to the swap transactions. For the three and six months ended June 30, 2023, the Company recognized $4.8 million in net unrealized losses and $2.4 million in net unrealized gains, respectively, on interest rate swaps designated as hedging instruments in the Consolidated Statements of Operations. For the three and six months ended June 30, 2023, this amount is offset by a decrease of $1.3 million and an increase of $1.8 million, respectively, for a change in the carrying value of the 2024 Notes and a decrease of $3.5 million and a decrease of $0.6 million, respectively, for a change in carrying value of the 2026 Notes.

For the three and six months ended June 30, 2022, the Company recognized $1.7 million and $4.6 million, respectively, in net change in unrealized losses, on interest rate swaps not designated as hedging instruments in the Consolidated Statement of Operations related to the swap transactions. For the three and six months ended June 30, 2022, the Company recognized $8.1 million and $35.3 million in net change in unrealized losses, respectively, on interest rate swaps designated as hedging instruments as a component of interest expense in the Consolidated Statement of Operations. For the three and six months ended June 30, 2022, this amount is offset by a decrease of $3.7 million and $16.9 million, respectively, for a change in the carrying value of the 2024 Notes and a decrease of $4.4 million and $18.4 million, respectively, for a change in carrying value of the 2026 Notes.

As of June 30, 2023, the swap transactions had a fair value of $(52.7) million which is netted against cash collateral on the Company’s consolidated balance sheet. As of December 31, 2022, the swap transactions had a fair value of $(55.3) million which is netted against cash collateral on the Company’s consolidated balance sheet.

The Company is required under the terms of its derivatives agreements to pledge assets as collateral to secure its obligations underlying the derivatives. The amount of collateral required varies over time based on the mark-to-market value, notional amount and remaining term of the derivatives, and may exceed the amount owed by the Company on a mark-to-market basis. Any failure by the Company to fulfill any collateral requirement (e.g., a so-called “margin call”) may result in a default. In the event of a default by a counterparty, the Company would be an unsecured creditor to the extent of any such overcollateralization.

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As of June 30, 2023, $15.1 million of cash was pledged as collateral under the Company’s derivative agreements and is included in restricted cash as a component of cash and cash equivalents on the Company’s consolidated balance sheet. As of December 31, 2022, $15.4 million of cash was pledged as collateral under the Company’s derivative agreements and is included in restricted cash as a component of cash and cash equivalents on the Company’s consolidated balance sheet.

The Company may enter into other derivative instruments and incur other exposures with the same or other counterparties in the future.

6. Fair Value of Financial Instruments

Investments

The following tables present fair value measurements of investments as of June 30, 2023 and December 31, 2022:

	Fair Value Hierarchy at June 30, 2023
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	22,762		$	2,777,390	$	2,800,152
Second-lien debt investments		—		—			39,708		39,708
Mezzanine debt investments		—		—			40,237		40,237
Equity and other investments		8,053		10,468			136,186		154,707
Structured credit investments		—		54,183			—		54,183
Total investments at fair value	$	8,053	$	87,413		$	2,993,521	$	3,088,987
Interest rate swaps		—		(52,649	)		—		(52,649	)
Total	$	8,053	$	34,764		$	2,993,521	$	3,036,338

	Fair Value Hierarchy at December 31, 2022
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	21,935		$	2,495,959	$	2,517,894
Second-lien debt investments		—		—			40,762		40,762
Mezzanine debt investments		—		—			10,158		10,158
Equity and other investments		7,498		13,128			147,059		167,685
Structured credit investments		—		51,426			—		51,426
Total investments at fair value	$	7,498	$	86,489		$	2,693,938	$	2,787,925
Interest rate swaps		—		(55,314	)		—		(55,314	)
Total	$	7,498	$	31,175		$	2,693,938	$	2,732,611

Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur.

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2023:

	As of and for the Three Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,628,849		$	44,805		$	11,093		$	136,769		$	2,821,516
Purchases or originations		249,417			—			29,111			693			279,221
Repayments / redemptions		(119,056	)		—			—			—			(119,056	)
Sales Proceeds		—			—			—			(554	)		(554	)
Paid-in-kind interest		3,081			194			60			—			3,335
Net change in unrealized gains (losses)		11,366			(5,315	)		(53	)		(1,827	)		4,171
Net realized gains (losses)		(25	)		—			—			374			349
Net amortization of discount on securities		3,758			24			26			—			3,808
Transfers into (out of) Level 3		—			—			—			731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237		$	136,186		$	2,993,521

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	As of and for the Six Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments		Equity and other investments			Total
Balance, beginning of period	$	2,495,959		$	40,762		$	10,158	$	147,059		$	2,693,938
Purchases or originations		417,459			4,850			29,806		2,060			454,175
Repayments / redemptions		—			—			—		(5,809	)		(5,809	)
Sales Proceeds		(176,394	)		—			—		—			(176,394	)
Paid-in-kind interest		6,297			194			143		—			6,634
Net change in unrealized gains (losses)		27,147			(6,142	)		103		(12,928	)		8,180
Net realized gains (losses)		(25	)		—			—		5,073			5,048
Net amortization of discount on securities		6,947			44			27		—			7,018
Transfers into (out of) Level 3		—			—			—		731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237	$	136,186		$	2,993,521

Copper Bidco, LLC was transferred into Level 3 from Level 2 for fair value measurement purposes during the three months ended June 30, 2023, as a result of changes in observability of inputs into the security valuation for this portfolio company.

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2022:

	As of and for the Three Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,239,027		$	42,511		$	14,139		$	123,019		$	2,418,696
Purchases or originations		298,675			54			—			28,501			327,230
Repayments / redemptions		(215,774	)		(10	)		—			—			(215,784	)
Sales Proceeds		—			—			—			(758	)		(758	)
Paid-in-kind interest		3,605			—			61			—			3,666
Net change in unrealized gains (losses)		(35,068	)		(1,048	)		(3,804	)		(13,536	)		(53,456	)
Net realized gains (losses)		2			—			—			355			357
Net amortization of discount on securities		4,590			16			1			—			4,607
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

	As of and for the Six Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,298,856		$	—		$	18,549		$	117,233		$	2,434,638
Purchases or originations		378,622			54			—			32,776			411,452
Repayments / redemptions		(361,869	)		(10	)		—			—			(361,879	)
Sale Proceeds		—			—			—			(18,315	)		(18,315	)
Paid-in-kind interest		6,637			—			125			—			6,762
Net change in unrealized gains (losses)		(36,614	)		(1,285	)		(6,145	)		(10,269	)		(54,313	)
Net realized gains		113			—			—			14,022			14,135
Net amortization of discount on securities		9,312			35			2			—			9,349
Transfers within Level 3		—			—			(2,134	)		2,134			—
Transfers into (out of) Level 3		—			42,729			—			—			42,729
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

34

Astra Acquisition Corp. was transferred into Level 3 from Level 2 for fair value measurement purposes during the six months ended June 30, 2022, as a result of changes in the observability of inputs into the security valuation for this portfolio company.

The following table presents information with respect to the net change in unrealized gains or losses on investments for which Level 3 inputs were used in determining fair value that are still held by the Company at June 30, 2023 and 2022:

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Three Months Ended			for the Three Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	11,843		$	(32,820	)
Second-lien debt investments		(5,315	)		(1,049	)
Mezzanine debt investments		(53	)		(3,804	)
Equity and other investments		(1,869	)		(13,134	)
Total	$	4,606		$	(50,807	)

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Six Months Ended			for the Six Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	29,123		$	(30,834	)
Second-lien debt investments		(6,142	)		(1,285	)
Mezzanine debt investments		103			(6,145	)
Equity and other investments		(8,430	)		4,344
Total	$	14,654		$	(33,920	)

The following tables present the fair value of Level 3 Investments at fair value and the significant unobservable inputs used in the valuations as of June 30, 2023 and December 31, 2022. The tables are not intended to be all-inclusive, but instead capture the significant unobservable inputs relevant to the Company’s determination of fair values.

	June 30, 2023
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,777,390	Income approach (1)	Discount rate	9.7% — 20.4% (14.8%)	Decrease
Second-lien debt investments		39,708	Income approach (2)	Discount rate	15.5% — 15.5% (15.5%)	Decrease
Mezzanine debt investments		40,237	Income approach	Discount rate	14.3% — 22.5% (15.5%)	Decrease
Equity and other investments		136,186	Market Multiple (3)	Comparable multiple	2.0x — 25.0x (7.1x)	Increase
Total	$	2,993,521

(1)Includes $77.7 million of debt investments which were valued using an asset valuation waterfall.

(2)Includes $34.6 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $19.7 million of equity investments which were valued using an asset valuation waterfall, $2.0 million of equity investments using a Black-Scholes model, and $13.9 million using discounted cash flow analysis.

	December 31, 2022
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,495,959	Income approach (1)	Discount rate	9.3% — 18.5% (15.1%)	Decrease
Second-lien debt investments		40,762	Income approach	Discount rate	19.6% — 19.6% (19.6%)	Decrease
Mezzanine debt investments		10,158	Income approach (2)	Discount rate	14.5% — 18.0% (16.0%)	Decrease
Equity and other investments		147,059	Market Multiple (3)	Comparable multiple	2.0x — 26.6x (7.9x)	Increase
Total	$	2,693,938

(1)Includes $21.0 million of first-lien debt investments which were valued using an asset valuation waterfall.

(2)Includes $0.1 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $38.4 million of equity investments which were valued using an asset valuation waterfall, $7.5 million of equity investments using a Black-Scholes model, and $13.1 million using a discounted cash flow analysis.

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The Company typically determines the fair value of its performing Level 3 debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to the total enterprise value of the company, and the rights and remedies of our investment within each portfolio company’s capital structure.

Significant unobservable quantitative inputs typically considered in the fair value measurement of the Company’s Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. If debt investments are credit impaired, an enterprise value analysis may be used to value such debt investments; however, in addition to the methods outlined above, other methods such as a liquidation or wind-down analysis may be utilized to estimate enterprise value. For the Company’s Level 3 equity investments, multiples of similar companies’ revenues, earnings before income taxes, depreciation and amortization (“EBITDA”) or some combination thereof and comparable market transactions are typically used.

Financial Instruments Not Carried at Fair Value

Debt

The fair value of the Company’s Revolving Credit Facility, which is categorized as Level 3 within the fair value hierarchy, as of June 30, 2023 and December 31, 2022, approximates its carrying value as the outstanding balance is callable at carrying value.

The following table presents the fair value of the Company’s 2023 Notes, 2024 Notes and 2026 Notes, as of June 30, 2023 and December 31, 2022.

	June 30, 2023				December 31, 2022
	Outstanding Principal		Fair Value (1)		Outstanding Principal		Fair Value (1)
2023 Notes	$	—	$	—	$	150,000	$	149,640
2024 Notes		347,500		335,251		347,500		332,853
2026 Notes		300,000		262,530		300,000		261,750
Total	$	647,500	$	597,781	$	797,500	$	744,243

(1)The fair value is based on broker quotes received by the Company and is categorized as Level 2 within the fair value hierarchy.

Other Financial Assets and Liabilities

The carrying amounts of the Company’s assets and liabilities, other than investments at fair value and the 2023 Notes, 2024 Notes and 2026 Notes, approximate fair value due to their short maturities or their close proximity of the originations to the measurement date. Under the fair value hierarchy, cash and cash equivalents are classified as Level 1 while the Company’s other assets and liabilities, other than investments at fair value and Revolving Credit Facility, are classified as Level 2.

7. Debt

Revolving Credit Facility

On August 23, 2012, the Company entered into a senior secured revolving credit agreement with Truist Bank (as a successor by merger to SunTrust Bank), as administrative agent, and J.P. Morgan Chase Bank, N.A., as syndication agent, and certain other lenders (as amended and restated, the “Revolving Credit Facility”).

As of March 31, 2023, aggregate commitments under the facility were $1.585 billion. Pursuant to an amendment to the Revolving Credit Facility dated as of June 12, 2023 (the “Fourteenth Amendment”), the aggregate commitments under the facility were increased to $1.710 billion. The facility includes an uncommitted accordion feature that allows the Company, under certain circumstances, to increase the size of the facility to up to $2.0 billion.

Pursuant to the Fourteenth Amendment, with respect to $1.465 billion in commitments, the revolving period, during which period the Company, subject to certain conditions, may make borrowings under the facility, was extended to June 11, 2027 and the stated maturity date was extended to June 12, 2028. For the remaining $245.0 million of commitments, (A) with respect to $25.0 million of commitments, the revolving period ends January 31, 2024 and the stated maturity is January 31, 2025, (B) with respect to $50.0 million of commitments, the revolving period ends on February 4, 2025 and the stated maturity is February 4, 2026 and (C) with respect to $170.0 million of commitments, the revolving period ends April 24, 2026 and the stated maturity is April 23, 2027.

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The Company may borrow amounts in U.S. dollars or certain other permitted currencies. As of June 30, 2023, the Company had outstanding debt denominated in Australian dollars (AUD) of 67.5 million, British pounds (GBP) of 14.0 million, Canadian dollars (CAD) of 101.7 million, and Euro (EUR) of 28.0 million on its Revolving Credit Facility, included in the Outstanding Principal amount in the table above.

The Revolving Credit Facility also provides for the issuance of letters of credit up to an aggregate amount of $75 million. As of June 30, 2023 and December 31, 2022 the Company had $0.2 million and less than $0.1 million, respectively, of letters of credit issued through the Revolving Credit Facility. The amount available for borrowing under the Revolving Credit Facility is reduced by any letters of credit issued through the Revolving Credit Facility.

Amounts drawn under the Revolving Credit Facility, including amounts drawn in respect of letters of credit, bear interest at either the applicable reference rate plus an applicable credit spread adjustment, plus a margin of either 1.75% or 1.875%, or the base rate plus a margin of either 0.75% or 0.875%, in each case, based on the total amount of the borrowing base relative to the sum of the total commitments (or, if greater, the total exposure) under the Revolving Credit Facility plus certain other designated secured debt. The Company may elect either the applicable reference rate or base rate at the time of drawdown, and loans may be converted from one rate to another at any time, subject to certain conditions. The Company also pays a fee of 0.375% on undrawn amounts and, in respect of each undrawn letter of credit, a fee and interest rate equal to the then applicable margin while the letter of credit is outstanding.

The Revolving Credit Facility is guaranteed by Sixth Street SL SPV, LLC, TC Lending, LLC and Sixth Street SL Holding, LLC. The Revolving Credit Facility is secured by a perfected first-priority security interest in substantially all the portfolio investments held by the Company and each guarantor. Proceeds from borrowings may be used for general corporate purposes, including the funding of portfolio investments.

The Revolving Credit Facility includes customary events of default, as well as customary covenants, including restrictions on certain distributions and financial covenants. In accordance with the terms of the Thirteenth Amendment, the financial covenants require:

•an asset coverage ratio of no less than 1.5 to 1 on the last day of any fiscal quarter;

•stockholders’ equity of at least $500 million plus 25% of the net proceeds of the sale of equity interests after January 31, 2020; and

•a minimum asset coverage ratio of no less than 2 to 1 with respect to (i) the consolidated assets of the Company and the subsidiary guarantors (including certain limitations on the contribution of equity in financing subsidiaries) to (ii) the secured debt of the Company and its subsidiary guarantors plus unsecured senior securities of the Company and its subsidiary guarantors that mature within 90 days of the date of determination (the “Obligor Asset Coverage Ratio”).

The Revolving Credit Facility also contains certain additional concentration limits in connection with the calculation of the borrowing base, based on the Obligor Asset Coverage Ratio.

As of June 30, 2023 and December 31, 2022, the Company was in compliance with the terms of the Revolving Credit Facility.

2022 Convertible Notes

In February 2017, the Company issued in a private offering $115.0 million aggregate principal amount convertible notes due August 2022 (the “2022 Convertible Notes”). The 2022 Convertible Notes were issued in a private placement only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The 2022 Convertible Notes were unsecured, and bore interest at a rate of 4.50% per year, payable semiannually. In June 2018, the Company issued an additional $57.5 million aggregate principal amount of 2022 Convertible Notes. The additional 2022 Convertible Notes were issued with identical terms, and were fungible with and were part of a single series with the previously outstanding $115.0 million aggregate principal amount of the Company’s 2022 Convertible Notes issued in February 2017. In connection with the offering of 2022 Convertible Notes in February 2017 and the reopening in June 2018, the Company entered into interest rate swaps to align the interest rates of its liabilities with its investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swaps matched the amount of principal outstanding, and matured on August 1, 2022, matching the maturity date of the 2022 Convertible Notes.

On August 1, 2022, the 2022 Convertible Notes matured in accordance with the governing indenture. Holders of $79.2 million aggregate principal amount of notes provided valid notice of conversion and were subject to the combination settlement method previously elected by the Company, with a specified cash amount (as defined in the indenture governing the 2022 Convertible Notes) of $20.00 per $1,000 principal amount of the 2022 Convertible Notes and any additional amounts in stock based on the applicable conversion rate as described in the indenture. In accordance with the settlement method, the Company issued a total of 4,360,125

37

shares of common stock, or $77.6 million at the adjusted conversion price per share of $17.92. The remaining balance of the notes that were not converted into newly issued shares of common stock were settled with existing cash resources, including through utilization of the Company’s Revolving Credit Facility. The interest rate swaps associated with the principal amount of the notes outstanding were terminated on the date of maturity of the 2022 Convertible Notes.

2023 Notes

In January 2018, the Company issued $150.0 million aggregate principal amount of unsecured notes that matured on January 22, 2023 (the “2023 Notes”). The principal amount of the 2023 Notes was payable at maturity. The 2023 Notes bore interest at a rate of 4.50% per year, payable semi-annually commencing on July 22, 2018, and were redeemable in whole or in part at the Company’s option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2023 Notes, net of underwriting discounts and offering costs, were $146.9 million. The Company used the net proceeds of the 2023 Notes to repay outstanding indebtedness under the Revolving Credit Facility. The 2023 Notes matured on January 22, 2023 and were fully repaid in cash. The swap transaction associated with the issuance of the 2023 Notes also matured on January 22, 2023.

2024 Notes

In November 2019, the Company issued $300.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024 (the “2024 Notes”). The principal amount of the 2024 Notes is payable at maturity. The 2024 Notes bear interest at a rate of 3.875% per year, payable semi-annually commencing on May 1, 2020, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2024 Notes, net of underwriting discounts, offering costs and original issue discount were $292.9 million. The Company used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

On February 5, 2020, the Company issued an additional $50.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024. The additional 2024 Notes are a further issuance of, fungible with, rank equally in right of payment with and have the same terms (other than the issue date and the public offering price) as the initial issuance of 2024 Notes. Total proceeds from the issuance of the additional 2024 Notes, net of underwriting discounts, offering costs and original issue premium were $50.1 million. The Company used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the 2024 Notes offering and the reopening of the 2024 Notes, the Company entered into interest rate swaps to align the interest rates of its liabilities with the Company’s investment portfolio, which consists of predominately floating rate loans. The notional amount of the two interest rates swaps is $300.0 million and $50.0 million, respectively, each of which matures on November 1, 2024, matching the maturity date of the 2024 Notes. As a result of the swaps, the Company’s effective interest rate on the 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). The interest expense related to the 2024 Notes is offset by proceeds received from the interest rate swaps designated as a hedge. The swap adjusted interest expense is included as a component of interest expense on the Company’s Consolidated Statements of Operations. As of June 30, 2023, and December 31, 2022, the effective hedge interest rate swaps had a fair value of $(17.6) million and $(19.4) million, respectively, which is offset within interest expense by an equal, but opposite, fair value change for the hedged risk on the 2024 Notes.

During the year ended December 31, 2020, the Company repurchased on the open market and extinguished $2.5 million in aggregate principal amount of the 2024 Notes for $2.4 million. In connection with the repurchase of the 2024 Notes, the Company entered into a floating-to-fixed interest rate swap with a notional amount equal to the amount of 2024 Notes repurchased, which had the effect of reducing the notional exposure of the fixed-to-floating interest rate swaps, which were entered into in connection with the issuance of the 2024 Notes, to match the remaining principal amount of the 2024 Notes outstanding. As a result of the swap, the Company’s effective interest rate on the outstanding 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, the Company's effective interest rate will be three-month SOFR plus 2.54% (on a weighted average basis).

2026 Notes

On February 3, 2021, the Company issued $300.0 million aggregate principal amount of unsecured notes that mature on August 1, 2026 (the “2026 Notes”). The principal amount of the 2026 Notes is payable at maturity. The 2026 Notes bear interest at a rate of 2.50% per year, payable semi-annually commencing on August 1, 2021, and may be redeemed in whole or in part at the Company’s option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2026 Notes, net of underwriting discounts, offering costs and original issue discount, were $293.7 million. The Company used the net proceeds of the 2026 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

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In connection with the issuance of the 2026 Notes, the Company entered into an interest rate swap to align the interest rates of its liabilities with the Company’s investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swap is $300.0 million, which matures on August 1, 2026, matching the maturity date of the 2026 Notes. As a result of the swap, the Company’s effective interest rate on the 2026 Notes is three-month LIBOR plus 1.91%. The interest expense related to the 2026 Notes is offset by proceeds received from the interest rate swaps designated as a hedge. The swap adjusted interest expense is included as a component of interest expense on the Company’s Consolidated Statements of Operations. As of June 30, 2023 and December 31, 2022 the effective hedge interest rate swaps had a fair value of $(35.1) million and $(35.7) million, respectively, which is offset within interest expense by an equal, but opposite, fair value change for the hedged risk on the 2026 Notes. Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, the Company's effective interest rate will be three-month SOFR plus 2.17%.

For the three and six months ended June 30, 2023 and 2022, the components of interest expense related to the 2023 Notes, 2024 Notes and 2026 Notes were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest expense	$	5,241	$	6,929	$	10,877	$	13,858
Accretion of original issue discount		195		191		387		378
Amortization of deferred financing costs		440		600		913		1,194
Total Interest Expense	$	5,876	$	7,720	$	12,177	$	15,430

Total interest expense in the table above does not include the effect of the interest rate swaps related to the 2023 Notes, 2024 Notes and 2026 Notes. During the three and six months ended June 30, 2023, the Company received $5.3 million and $11.0 million, respectively, and paid $11.9 million and $23.7 million, respectively, related to the settlements of its interest rate swaps, excluding upfront fees, related to the 2023, 2024 and 2026 Notes. During the three and six months ended June 30, 2022, the Company received $7.0 million and $13.9 million, respectively, and paid $6.4 million and $10.9 million, respectively, related to the settlements of its interest rate swaps, excluding upfront fees, related to the 2023, 2024 and 2026 Notes. These net amounts are reflected in interest expense in the Company’s Consolidated Statements of Operations. See Note 5 for further information about the Company’s interest rate swaps.

As June 30, 2023 and December 31, 2022, the components of the carrying value of the 2023 Notes, 2024 Notes and 2026 Notes and the stated interest rate were as follows:

	June 30, 2023						December 31, 2022
	2024 Notes			2026 Notes			2023 Notes			2024 Notes			2026 Notes
Principal amount of debt	$	347,500		$	300,000		$	150,000		$	347,500		$	300,000
Original issue discount, net of accretion		(531	)		(1,272	)		(1	)		(721	)		(1,468	)
Deferred financing costs		(1,363	)		(2,310	)		(39	)		(1,869	)		(2,679	)
Fair value of an effective hedge		(17,599	)		(35,050	)	—				(19,418	)		(35,665	)
Carrying value of debt	$	328,007		$	261,368		$	149,960		$	325,492		$	260,188
Stated interest rate		3.875	%		2.50	%		4.50	%		3.875	%		2.50	%

The stated interest rate in the table above does not include the effect of the interest rate swaps. As of June 30, 2023, the Company’s swap-adjusted interest rate on the 2024 Notes and 2026 Notes was three month LIBOR plus 2.28% (on a weighted average basis), and 1.91%, respectively. On September 25, 2023, the Company’s swap-adjusted interest rate on the 2024 Notes and 2026 Notes will transition to three-month SOFR plus 2.54% (on a weighted average basis), and three-month SOFR plus 2.17%, respectively. As of December 31, 2022, the Company's swap-adjusted interest rate on the 2023 Notes, 2024 Notes and 2026 Notes was three month LIBOR plus 1.99%, 2.28% (on a weighted average basis), and 1.91%, respectively.

As of June 30, 2023, the Company was in compliance with the terms of the indentures governing the 2024 Notes and 2026 Notes. As of December 31, 2022, the Company was in compliance with the terms of the indentures governing the 2023 Notes, 2024 Notes and 2026 Notes.

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. As of June 30, 2023 and December 31, 2022, the Company’s asset coverage was 186.1% and 188.6%, respectively.

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Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,710,000	$	1,050,784	$	659,216	$	1,033,926
2024 Notes		347,500		347,500		—		328,007
2026 Notes		300,000		300,000		—		261,368
Total Debt	$	2,357,500	$	1,698,284	$	659,216	$	1,623,301

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

	December 31, 2022
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,585,000	$	719,328	$	865,672	$	706,156
2023 Notes		150,000		150,000		—		149,960
2024 Notes		347,500		347,500		—		325,492
2026 Notes		300,000		300,000		—		260,188
Total Debt	$	2,382,500	$	1,516,828	$	865,672	$	1,441,796

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

For the three and six months ended June 30, 2023 and 2022, the components of interest expense were as follows:

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Interest expense	$	23,915		$	10,045		$	44,320		$	19,807
Commitment fees		612			1,251			1,266			2,376
Amortization of deferred financing costs		1,085			1,439			2,312			2,882
Accretion of original issue discount		195			191			387			378
Swap settlement		6,635			(963	)		12,643			(3,878	)
Total Interest Expense	$	32,442		$	11,963		$	60,928		$	21,565
Average debt outstanding (in millions)	$	1,713.0		$	1,156.5		$	1,642.0		$	1,183.6
Weighted average interest rate		7.1	%		3.1	%		6.9	%		2.7	%

8. Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments; such commitments are incorporated into the Company’s assessment of its liquidity position. The Company’s senior secured revolving loan commitments are generally available on a borrower’s demand and may remain outstanding until the maturity date of the applicable loan. The Company’s senior secured delayed draw term loan commitments are generally available on a borrower’s demand and, once drawn, generally have the same

40

remaining term as the associated loan agreement. Undrawn senior secured delayed draw term loan commitments generally have a shorter availability period than the term of the associated loan agreement.

As of June 30, 2023 and December 31, 2022, the Company had the following commitments to fund investments in current portfolio companies:

	June 30, 2023		December 31, 2022
Alaska Bidco Oy - Delayed Draw & Revolver	$	298	$	—
Alpha Midco, Inc. - Delayed Draw		690		910
American Achievement, Corp. - Revolver		2,403		2,403
Arrow Buyer, Inc. - Delayed Draw		7,645	—
ASG II, LLC - Delayed Draw		5,189		6,952
Avalara, Inc. - Revolver		3,864		3,864
Axonify, Inc. - Delayed Draw		4,106		6,113
Banyan Software Holdings, LLC - Delayed Draw		20,000	—
Bayshore Intermediate #2, L.P. - Revolver		1,930		1,618
BCTO Ace Purchaser, Inc. - Delayed Draw		3,608		6,556
Bear OpCo, LLC - Delayed Draw		1,901		2,606
BlueSnap, Inc. - Delayed Draw & Revolver		2,500		2,500
BTRS Holdings, Inc. - Delayed Draw & Revolver		6,032		8,638
Carlstar Group, LLC - Revolver		8,500		8,500
Cordance Operations, LLC - Delayed Draw & Revolver		5,783		12,093
Coupa Holdings, LLC - Delayed Draw & Revolver		6,809	—
CrunchTime Information Systems, Inc. - Delayed Draw		154		7,101
Disco Parent, Inc. - Revolver		455	—
Dye & Durham Corp. - Delayed Draw & Revolver		2,566		6,280
EDB Parent, LLC - Delayed Draw		14,766		18,037
Edge Bidco B.V. - Delayed Draw & Revolver		1,352	—
Elysian Finco Ltd. - Delayed Draw & Revolver		5,818		6,792
Employment Hero Holdings Pty Ltd. - Delayed Draw & Revolver		8,653		8,816
EMS Linq, Inc. - Revolver		3,514		8,784
Erling Lux Bidco SARL - Delayed Draw & Revolver		5,743		5,618
ExtraHop Networks, Inc. - Delayed Draw		13,837		17,050
ForeScout Technologies, Inc. - Delayed Draw & Revolver		3,425		3,425
G Treasury SS, LLC - Delayed Draw	—			3,400
Galileo Parent, Inc. - Revolver		5,625	—
Hirevue, Inc. - Revolver		6,887	—
Hornetsecurity Holding GmbH - Delayed Draw & Revolver		2,087		2,041
Ibis Intermediate Co. - Delayed Draw		6,338		6,338
IRGSE Holding Corp. - Revolver		1,868		253
Kyriba Corp. - Delayed Draw & Revolver		45		45
Laramie Energy, LLC - Delayed Draw		7,683	—
LeanTaaS Holdings, Inc. - Delayed Draw		41,076		47,218
Lithium Technologies, LLC - Revolver		990		1,979
Lucidworks, Inc. - Delayed Draw		833		833
Murchison Oil and Gas, LLC - Delayed Draw		3,257		9,772
Netwrix Corp. - Delayed Draw & Revolver		12,690		13,881
Neuintel, LLC - Delayed Draw	—			4,200
OutSystems Luxco SARL - Delayed Draw		2,185		2,137
PageUp People, Ltd. - Delayed Draw & Revolver	—			5,764
Passport Labs, Inc. - Delayed Draw & Revolver		2,778		2,778
Ping Identity Holding Corp. - Revolver		2,273		2,273
PrimePay Intermediate, LLC - Delayed Draw	—			2,474
PrimeRevenue, Inc. - Delayed Draw & Revolver		6,250		6,250
Project44, Inc. - Delayed Draw		19,861		19,861
ReliaQuest Holdings, LLC - Delayed Draw		13,971		22,752
Tango Management Consulting, LLC - Delayed Draw & Revolver		16,804		26,576
TRP Assets, LLC - Delayed Draw & Membership Interest		4,264		7,806
WideOrbit, Inc. - Revolver	—			4,756
Total Portfolio Company Commitments (1)(2)	$	299,306	$	338,043

(1)Represents the full amount of the Company’s commitments to fund investments on such date. Commitments may be subject to limitations on borrowings set forth in the agreements between the Company and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

(2)The Company’s estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.

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Other Commitments and Contingencies

As of June 30, 2023 and December 31, 2022, the Company did not have any unfunded commitments to fund investments to new borrowers that were not current portfolio companies as of such date.

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2023 and December 31, 2022, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.

9. Net Assets

On February 23, 2021, the Company issued a total of 4,000,000 shares of common stock at $21.30 per share. Net of underwriting fees and offering costs, the Company received total cash proceeds of $84.9 million. Subsequent to the offering the Company issued an additional 49,689 shares on March 24, 2021 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, total cash proceeds of $1.0 million.

During the three months ended December 31, 2021, the Company issued a total of 2,324,820 shares of common stock as settlement for the conversion of $42.8 million principal amount of the 2022 Convertible Notes.

On August 1, 2022, the Company issued a total of 4,360,125 shares of common stock, or $77.6 million as settlement for the conversion of $79.2 million principal amount of the 2022 Convertible Notes.

On May 15, 2023, the Company issued a total of 4,500,000 shares of common stock at $17.33 per share. Net of underwriting fees and offering costs, the Company received total cash proceeds of $77.6 million. Subsequent to the offering, the Company issued an additional 675,000 shares on June 12, 2023 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, additional total cash proceeds of $11.7 million.

The Company has a dividend reinvestment plan, whereby the Company may buy shares of its common stock in the open market or issue new shares in order to satisfy dividend reinvestment requests. The number of shares to be issued to a stockholder is determined by dividing the total dollar amount of the cash dividend or distribution payable to a stockholder by the market price per share of the Company’s common stock at the close of regular trading on the NYSE on the payment date of a distribution, or if no sale is reported for such day, the average of the reported bid and ask prices. However, if the market price per share on the payment date of a cash dividend or distribution exceeds the most recently computed net asset value per share, the Company will issue shares at the greater of (i) the most recently computed net asset value per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeded the most recently computed net asset value per share). Shares purchased in open market transactions by the plan administrator will be allocated to a stockholder based on the average purchase price, excluding any brokerage charges or other charges, of all shares of common stock purchased in the open market.

Pursuant to the Company’s dividend reinvestment plan, the following tables summarize the shares issued to stockholders who have not opted out of the Company’s dividend reinvestment plan during the six months ended June 30, 2023 and 2022. All shares issued to stockholders in the tables below are newly issued shares.

	Six Months Ended
	June 30, 2023
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023		61,590
February 16, 2023	Base	March 15, 2023	March 31, 2023		300,988
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		23,686
May 8, 2023	Base	June 15, 2023	June 30, 2023		290,680
Total Shares Issued					676,944

	Six Months Ended
	June 30, 2022
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
November 2, 2021	Base	December 15, 2021	January 14, 2022		233,542
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022		65,596
February 17, 2022	Base	March 15, 2022	April 18, 2022		239,376
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		29,459
Total Shares Issued					567,973

(1)See Note 11 for further information on base, supplemental and special dividends.

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On August 4, 2015, the Company's Board authorized the Company to acquire up to $50 million in aggregate of the Company’s common stock from time to time over an initial six month period, and has continued to authorize the refreshment of the $50 million amount authorized under and extension of the stock repurchase program prior to its expiration since that time, most recently as of May 8, 2023. The amount and timing of stock repurchases under the program may vary depending on market conditions, and no assurance can be given that any particular amount of common stock will be repurchased.

No shares were repurchased during the six months ended June 30, 2023 and 2022.

10. Earnings per share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended					Six Months Ended
	June 30, 2023		June 30, 2022			June 30, 2023		June 30, 2022
Earnings per common share—basic
Numerator for basic earnings per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Earnings per common share—basic	$	0.63	$	(0.18	)	$	1.28	$	0.36
Earnings per common share—diluted
Numerator for increase in net assets per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Adjustment for interest expense and    deferred financing costs on 2022 Convertible    Notes, incentive fee and excise tax, net		—		999			—		1,997
Numerator for diluted earnings per share	$	53,090	$	(12,526	)	$	106,042	$	29,357
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Adjustment for dilutive effect of 2022    Convertible Notes		—		5,580,973			—		5,580,973
Denominator for diluted weighted average shares		84,223,032		81,846,634			82,819,734		81,700,654
Earnings per common share—diluted	$	0.63	$	(0.15	)	$	1.28	$	0.36

The 2022 Convertible Notes were convertible into a combination of cash and shares of the Company’s common stock, which could have been dilutive to common stockholders. Diluted earnings (losses) per share is the amount of earnings (losses) available to each share of common stock outstanding during the reporting period including any additional shares of common stock that would be issued if all potentially dilutive securities were exercised. Upon adoption of ASU 2020-06 during the period ended March 31, 2021, the Company was required to disclose diluted EPS using the if-converted method. The if-converted method is a method of computing EPS that assumes conversion of convertible securities at the beginning of the reporting period and is intended to show the maximum dilution effect to common stockholders regardless of how the conversion can occur.

For the purpose of calculating diluted earnings per common share, the average closing price of the Company’s common stock for the three and six months ended June 30, 2022 was greater than the estimated adjusted conversion price for the 2022 Convertible Notes outstanding as of June 30, 2022. Therefore, for this period presented in the consolidated financial statements the Company applied the if-converted method for purposes of calculating diluted earnings per common share.

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11. Dividends

The Company has historically paid a dividend to stockholders on a quarterly basis. The Company has a dividend framework that provides for a quarterly base dividend and a variable supplemental dividend, subject to satisfaction of certain measurement tests and the approval of the Board.

The following tables summarize dividends declared during the six months ended June 30, 2023 and 2022:

	Six Months Ended
	June 30, 2023
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023	$	0.09
February 16, 2023	Base	March 15, 2023	March 31, 2023		0.46
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		0.04
May 8, 2023	Base	June 15, 2023	June 30, 2023		0.46
Total Dividends Declared				$	1.05

	Six Months Ended
	June 30, 2022
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022	$	0.11
February 17, 2022	Base	March 15, 2022	April 18, 2022		0.41
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		0.04
May 3, 2022	Base	June 15, 2022	July 15, 2022		0.41
Total Dividends Declared				$	0.97

The dividends declared during the six months ended June 30, 2023 and 2022 were derived from net investment income, determined on a tax basis.

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12. Financial Highlights

The following per share data and ratios have been derived from information provided in the consolidated financial statements. The following are the financial highlights for one share of common stock outstanding during the six months ended June 30, 2023 and 2022.

	Six Months Ended			Six Months Ended
	June 30, 2023			June 30, 2022
Per Share Data (8)
Net asset value, beginning of period	$	16.48		$	16.84
Net investment income (1)		1.11			1.01
Net realized and unrealized    gain (loss) (1)		0.17			(0.65	)
Total from operations		1.28			0.36
Issuance of common stock, net of    offering costs (2)		0.02			0.04
Dividends declared from net    investment income (2)		(1.05	)		(0.97	)
Total increase (decrease) in net assets		0.25			(0.57	)
Net Asset Value, End of Period	$	16.74		$	16.27
Per share market value at end of    period	$	18.69		$	18.50
Total return based on market value    with reinvestment of dividends (3)		11.43	%	(17.06)%
Total return based on market value (4)		10.90	%	(16.76)%
Total return based on net asset    value (5)		7.95	%		2.38	%
Shares Outstanding, End of Period		87,241,231			76,339,515
Ratios / Supplemental Data (6)
Ratio of net expenses to average    net assets (7)		16.22	%		8.65	%
Ratio of net investment income      to average net assets		13.24	%		12.08	%
Portfolio turnover		12.65	%		31.11	%
Net assets, end of period	$	1,460,529		$	1,241,959

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The per share data was derived by using the actual shares outstanding at the date of the relevant transactions.

(3)Total return based on market value with dividends reinvested is calculated as the change in market value per share during the period plus declared dividends per share, assuming reinvestment of dividends, divided by the beginning market value per share.

(4)Total return based on market value is calculated as the change in market value per share during the period plus declared dividends per share, divided by the beginning market value per share.

(5)Total return based on net asset value is calculated as the change in net asset value per share during the period plus declared dividends per share, divided by the beginning net asset value per share.

(6)The ratios reflect an annualized amount.

(7)The ratio of net expenses to average net assets in the table above reflects the Adviser’s waivers of its right to receive a portion of the Management Fee pursuant to the Leverage Waiver for the six months ended June 30, 2023 and 2022. Excluding the effects of the waivers, the ratio of net expenses to average net assets would have been 16.30% and 8.65%, respectively, for the six months ended June 30, 2023 and 2022.

(8)Table may not sum due to rounding.

13. Subsequent Events

The Company’s management has evaluated subsequent events through the date of issuance of the consolidated financial statements included herein. There have been no subsequent events, except as already disclosed, that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of and for the three and six months ended June 30, 2023.

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ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The information contained in this section should be read in conjunction with the consolidated financial statements and notes thereto appearing elsewhere in this report. This discussion also should be read in conjunction with the “Cautionary Statement Regarding Forward-Looking Statements” set forth on page 3 of this Quarterly Report on Form 10-Q.

Overview

Sixth Street Specialty Lending, Inc. is a Delaware corporation formed on July 21, 2010. The Adviser is our external manager. We have four wholly owned subsidiaries, TC Lending, LLC, a Delaware limited liability company, which holds a California finance lender and broker license, Sixth Street SL SPV, LLC, a Delaware limited liability company, in which we hold assets that were previously used to support our asset-backed credit facility, Sixth Street SL Holding, LLC, a Delaware limited liability company, in which we hold certain investments, and Sixth Street Specialty Lending Sub, LLC, a Cayman Islands limited liability company, in which we plan to hold certain investments.

We have elected to be regulated as a BDC under the 1940 Act and as a RIC under the Code. We made our BDC election on April 15, 2011. As a result, we are required to comply with various statutory and regulatory requirements, such as:

•the requirement to invest at least 70% of our assets in “qualifying assets”;

•source of income limitations;

•asset diversification requirements; and

•the requirement to distribute (or be treated as distributing) in each taxable year at least 90% of our investment company taxable income and tax-exempt interest for that taxable year.

Our shares are listed on the NYSE under the symbol “TSLX.”

Our Investment Framework

We are a specialty finance company focused on lending to middle-market companies. Since we began our investment activities in July 2011, through June 30, 2023, we have originated more than $27.6 billion aggregate principal amount of investments and retained approximately $9.6 billion aggregate principal amount of these investments on our balance sheet prior to any subsequent exits and repayments. We seek to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds, equity securities, and other instruments.

By “middle-market companies,” we mean companies that have annual EBITDA, which we believe is a useful proxy for cash flow, of $10 million to $250 million, although we may invest in larger or smaller companies on occasion. As of June 30, 2023, our core portfolio companies, which exclude certain investments that fall outside of our typical borrower profile and represent 91.3% of our total investments based on fair value, had weighted average annual revenue of $205.3 million and weighted average annual EBITDA of $67.3 million.

We invest in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Our first-lien debt may include stand-alone first-lien loans; “last out” first-lien loans, which are loans that have a secondary priority behind super-senior “first out” first-lien loans; “unitranche” loans, which are loans that combine features of first-lien, second-lien and mezzanine debt, generally in a first-lien position; and secured corporate bonds with similar features to these categories of first-lien loans. Our second-lien debt may include secured loans, and, to a lesser extent, secured corporate bonds, with a secondary priority behind first-lien debt.

The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3 as defined by Standard & Poor’s and Moody’s Investors Services, respectively), which is often referred to as “junk.”

The companies in which we invest use our capital to support organic growth, acquisitions, market or product expansion and recapitalizations (including restructurings). As of June 30, 2023, the largest single investment based on fair value represented 2.5% of our total investment portfolio.

As of June 30, 2023, the average investment size in each of our portfolio companies was approximately $23.8 million based on fair value. Portfolio companies includes investments in structured credit investments, which include each series of collateralized loan obligation as a portfolio company investment. When excluding investments in structured credit investments the average investment in our remaining portfolio companies was approximately $35.3 million as of June 30, 2023.

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Through our Adviser, we consider potential investments utilizing a four-tiered investment framework and against our existing portfolio as a whole:

Business and sector selection. We focus on companies with enterprise value between $50 million and $1 billion. When reviewing potential investments, we seek to invest in businesses with high marginal cash flow, recurring revenue streams and where we believe credit quality will improve over time. We look for portfolio companies that we think have a sustainable competitive advantage in growing industries or distressed situations. We also seek companies where our investment will have a low loan-to-value ratio.

We currently do not limit our focus to any specific industry and we may invest in larger or smaller companies on occasion. We classify the industries of our portfolio companies by end-market (such as healthcare, and business services) and not by the products or services (such as software) directed to those end-markets.

As of June 30, 2023, the largest industry represented 15.7% of our total investment portfolio based on fair value.

Investment Structuring. We focus on investing at the top of the capital structure and protecting that position. As of June 30, 2023, approximately 91.9% of our portfolio was invested in secured debt, including 90.6% in first-lien debt investments. We carefully perform diligence and structure investments to include strong investor covenants. As a result, we structure investments with a view to creating opportunities for early intervention in the event of non-performance or stress. In addition, we seek to retain effective voting control in investments over the loans or particular class of securities in which we invest through maintaining affirmative voting positions or negotiating consent rights that allow us to retain a blocking position. We also aim for our loans to mature on a medium term, between two to six years after origination. For the six months ended June 30, 2023, the weighted average term on new investment commitments in new portfolio companies was 6.7 years.

Deal Dynamics. We focus on, among other deal dynamics, direct origination of investments, where we identify and lead the investment transaction. A substantial majority of our portfolio investments are sourced through our direct or proprietary relationships.

Risk Mitigation. We seek to mitigate non-credit-related risk on our returns in several ways, including call protection provisions to protect future interest income. As of June 30, 2023, we had call protection on 76.6% of our debt investments based on fair value, with weighted average call prices of 107.0% for the first year, 103.6% for the second year and 101.2% for the third year, in each case from the date of the initial investment. As of June 30, 2023, 99.2% of our debt investments based on fair value bore interest at floating rates, with 100.0% of these subject to interest rate floors, which we believe helps act as a portfolio-wide hedge against inflation.

Relationship with our Adviser and Sixth Street

Our Adviser is a Delaware limited liability company. Our Adviser acts as our investment adviser and administrator and is a registered investment adviser with the SEC under the Advisers Act. Our Adviser sources and manages our portfolio through a dedicated team of investment professionals predominately focused on direct lending, which we refer to as our Investment Team. Our Investment Team is led by our Chairman and Chief Executive Officer and our Adviser’s Co-Chief Investment Officer Joshua Easterly and our Adviser’s Co-Chief Investment Officer Alan Waxman, both of whom have substantial experience in credit origination, underwriting and asset management. Our investment decisions are made by our Investment Review Committee, which includes senior personnel of our Adviser and affiliates of Sixth Street Partners, LLC, or “Sixth Street.”

Sixth Street is a global investment business with over $65 billion of assets under management as of June 30, 2023. Sixth Street’s core platforms include Sixth Street Specialty Lending, Sixth Street Lending Partners, which is aimed at U.S. upper middle-market loan originations, Sixth Street Specialty Lending Europe, which is aimed at European middle-market loan originations, Sixth Street TAO, which has the flexibility to invest across all of Sixth Street’s private credit market investments, Sixth Street Opportunities, which focuses on actively managed opportunistic investments across the credit cycle, Sixth Street Credit Market Strategies, which is the firm’s “public-side” credit investment platform focused on investment opportunities in broadly syndicated leveraged loan markets, Sixth Street Growth, which provides financing solutions to growing companies, Sixth Street Fundamental Strategies, which primarily invests in secondary credit, and Sixth Street Agriculture, which invests in niche agricultural opportunities. Sixth Street has a long-term oriented, highly flexible capital base that allows it to invest across industries, geographies, capital structures and asset classes. Sixth Street has extensive experience with highly complex, global public and private investments executed through primary originations, secondary market purchases and restructurings, and has a team of over 520 investment and operating professionals. As of June 30, 2023, forty-nine (49) of these personnel are dedicated to direct lending, including thirty-seven (37) investment professionals.

Our Adviser consults with Sixth Street in connection with a substantial number of our investments. The Sixth Street platform provides us with a breadth of large and scalable investment resources. We believe we benefit from Sixth Street’s market expertise, insights into industry, sector and macroeconomic trends and intensive due diligence capabilities, which help us discern market conditions that vary across industries and credit cycles, identify favorable investment opportunities and manage our portfolio of

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investments. Sixth Street and its affiliates will refer all middle-market loan origination activities for companies domiciled in the United States to us and conduct those activities through us. The Adviser will determine whether it would be permissible, advisable or otherwise appropriate for us to pursue a particular investment opportunity allocated to us.

On December 16, 2014, we were granted an exemptive order from the SEC that allows us to co-invest, subject to certain conditions and to the extent the size of an investment opportunity exceeds the amount our Adviser has independently determined is appropriate to invest, with certain of our affiliates (including affiliates of Sixth Street) in middle-market loan origination activities for companies domiciled in the United States and certain “follow-on” investments in companies in which we have already co-invested pursuant to the order and remain invested. On January 16, 2020, we filed a further application for co-investment exemptive relief with the SEC to better align our existing co-investment relief with more recent SEC exemptive orders. Subsequent further applications were also made, most recently as June 29, 2022. On August 3, 2022, the SEC granted the new order in response to our application.

We believe our ability to co-invest with Sixth Street affiliates is particularly useful where we identify larger capital commitments than otherwise would be appropriate for us. We expect that with the ability to co-invest with Sixth Street affiliates we will continue to be able to provide “one-stop” financing to a potential portfolio company in these circumstances, which may allow us to capture opportunities where we alone could not commit the full amount of required capital or would have to spend additional time to locate unaffiliated co-investors.

Under the terms of the Investment Advisory Agreement and Administration Agreement, the Adviser’s services are not exclusive, and the Adviser is free to furnish similar or other services to others, so long as its services to us are not impaired. Under the terms of the Investment Advisory Agreement, we will pay the Adviser the base management fee, or the Management Fee, and may also pay certain incentive fees, or the Incentive Fees.

Under the terms of the Administration Agreement, the Adviser also provides administrative services to us. These services include providing office space, equipment and office services, maintaining financial records, preparing reports to stockholders and reports filed with the SEC, and managing the payment of expenses and the oversight of the performance of administrative and professional services rendered by others. Certain of these services are reimbursable to the Adviser under the terms of the Administration Agreement.

Key Components of Our Results of Operations

Investments

We focus primarily on the direct origination of loans to middle-market companies domiciled in the United States.

Our level of investment activity (both the number of investments and the size of each investment) can and does vary substantially from period to period depending on many factors, including the amount of debt and equity capital generally available to middle-market companies, the level of merger and acquisition activity for such companies, the general economic environment and the competitive environment for the types of investments we make.

In addition, as part of our risk strategy on investments, we may reduce certain levels of investments through partial sales or syndication to additional investors.

Revenues

We generate revenues primarily in the form of interest income from the investments we hold. In addition, we may generate income from dividends on direct equity investments, capital gains on the sale of investments and various loan origination and other fees. Our debt investments typically have a term of two to six years, and, as of June 30, 2023, 99.2% of these investments based on fair value bore interest at a floating rate, with 100.0% of these subject to interest rate floors. Interest on debt investments is generally payable monthly or quarterly. Some of our investments provide for deferred interest payments or PIK interest. For the three and six months ended June 30, 2023, 4.3% and 3.7%, respectively, of our total investment income was comprised of PIK interest.

Changes in our net investment income are primarily driven by the spread between the payments we receive from our investments in our portfolio companies against our cost of funding, rather than by changes in interest rates. Our investment portfolio primarily consists of floating rate loans, and our credit facilities, 2024 Notes and 2026 Notes, after taking into account the effect of the interest rate swaps we have entered into in connection with these securities, all bear interest at floating rates. Macro trends in base interest rates like SOFR or other reference rates may affect our net investment income over the long term. However, because we generally originate loans to a limited number of portfolio companies each quarter, and those investments also vary in size, our results in any given period—including the interest rate on investments that were sold or repaid in a period compared to the interest rate of new

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investments made during that period—often are idiosyncratic, and reflect the characteristics of the particular portfolio companies that we invested in or exited during the period and not necessarily any trends in our business.

In addition to interest income, our net investment income is also driven by prepayment and other fees, which also can vary significantly from quarter to quarter. The level of prepayment fees is generally correlated to the movement in credit spreads and risk premiums, but also will vary based on corporate events that may take place at an individual portfolio company in a given period—e.g., merger and acquisition activity, initial public offerings and restructurings. As noted above, generally a small but varied number of portfolio companies may make prepayments in any quarter, meaning that changes in the amount of prepayment fees received can vary significantly between periods and can vary without regard to underlying credit trends.

Loan origination fees, original issue discount and market discount or premium are capitalized, and we accrete or amortize such amounts as interest income using the effective interest method for term instruments and the straight-line method for revolving or delayed draw instruments. Repayments of our debt investments can reduce interest income from period to period. We record prepayment premiums on loans as interest income when earned. We also may generate revenue in the form of commitment, amendment, structuring, syndication or due diligence fees, fees for providing managerial assistance and consulting fees. The frequency or volume of these items of revenue may fluctuate significantly.

Dividend income on common equity investments is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies.

Our portfolio activity also reflects the proceeds of sales of investments. We recognize realized gains or losses on investments based on the difference between the net proceeds from the disposition and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized. We record current period changes in fair value of investments that are measured at fair value as a component of the net change in unrealized gains (losses) on investments in the Consolidated Statements of Operations.

Expenses

Our primary operating expenses include the payment of fees to our Adviser under the Investment Advisory Agreement, expenses reimbursable under the Administration Agreement and other operating costs described below. Additionally, we pay interest expense on our outstanding debt. We bear all other costs and expenses of our operations, administration and transactions, including those relating to:

•calculating individual asset values and our net asset value (including the cost and expenses of any independent valuation firms);

•expenses, including travel expenses, incurred by the Adviser, or members of our Investment Team, or payable to third parties, in respect of due diligence on prospective portfolio companies and, if necessary, in respect of enforcing our rights with respect to investments in existing portfolio companies;

•the costs of any public offerings of our common stock and other securities, including registration and listing fees;

•the Management Fee and any Incentive Fee;

•certain costs and expenses relating to distributions paid on our shares;

•administration fees payable under our Administration Agreement;

•costs of preparing financial statements and maintaining books and records and filing reports or other documents with the SEC (or other regulatory bodies) and other reporting and compliance costs, and the compensation of professionals responsible for the preparation of the foregoing, including the allocable portion of the compensation of our Chief Financial Officer, Chief Compliance Officer and other professionals who spend time on those related activities (based on the percentage of time those individuals devote, on an estimated basis, to our business and affairs);

•debt service and other costs of borrowings or other financing arrangements;

•the Adviser’s allocable share of costs incurred in providing significant managerial assistance to those portfolio companies that request it;

•amounts payable to third parties relating to, or associated with, making or holding investments;

•transfer agent and custodial fees;

•costs of hedging;

•commissions and other compensation payable to brokers or dealers;

•taxes;

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•Independent Director fees and expenses;

•the costs of any reports, proxy statements or other notices to our stockholders (including printing and mailing costs), the costs of any stockholders’ meetings and the compensation of investor relations personnel responsible for the preparation of the foregoing and related matters;

•our fidelity bond;

•directors and officers/errors and omissions liability insurance, and any other insurance premiums;

•indemnification payments;

•direct costs and expenses of administration, including audit, accounting, consulting and legal costs; and

•all other expenses reasonably incurred by us in connection with making investments and administering our business.

We expect that during periods of asset growth, our general and administrative expenses will be relatively stable or will decline as a percentage of total assets, and will increase as a percentage of total assets during periods of asset declines.

Leverage

While as a BDC the amount of leverage that we are permitted to use is limited in significant respects, we use leverage to increase our ability to make investments. The amount of leverage we use in any period depends on a variety of factors, including cash available for investing, the cost of financing and general economic and market conditions, however, under the 1940 Act, our total borrowings are limited so that our asset coverage ratio cannot fall below 150% immediately after any borrowing, as defined in the 1940 Act. In any period, our interest expense will depend largely on the extent of our borrowing and we expect interest expense will increase as we increase leverage over time within the limits of the 1940 Act. In addition, we may dedicate assets as collateral to financing facilities from time to time.

Market Trends

We believe trends in the middle-market lending environment, including the limited availability of capital from traditional regulated financial institutions, strong demand for debt capital and specialized lending requirements, are likely to continue to create favorable opportunities for us to invest at attractive risk-adjusted rates.

Subsequent to the global financial crisis, the implementation of regulatory changes such as Basel III requirements, Leverage Lending Guidance, and the Volcker Rule, tightened risk appetites and reduced the capacity of traditional lenders to serve middle-market companies. We believe that these dynamics create a significant opportunity for us to directly originate investments. We also believe that the large amount of uninvested capital held by private equity firms will continue to drive deal activity, which may in turn create additional demand for debt capital.

This market dynamic is further exacerbated by the specialized due diligence and underwriting capabilities, as well as extensive ongoing monitoring, required for middle-market lending. We believe middle-market lending is generally more labor-intensive than lending to larger companies due to smaller investment sizes and the lack of publicly available information on these companies. As a result, the opportunities for dedicated private lenders such as us has continued to expand.

An imbalance between the supply of, and demand for, middle-market debt capital creates attractive pricing dynamics for investors such as BDCs. The negotiated nature of middle-market financings also generally provides for more favorable terms to the lenders, including stronger covenant and reporting packages, better call protection and lender-protective change of control provisions. We believe that BDCs have flexibility to develop loans that reflect each borrower’s distinct situation, provide long-term relationships and a potential source for future capital, which renders BDCs, including us, attractive lenders.

Portfolio and Investment Activity

As of June 30, 2023, our portfolio based on fair value consisted of 90.6% first-lien debt investments, 1.3% second-lien investments, 1.3% mezzanine debt investments, 5.0% equity and other investments and 1.8% structured credit investments. As of December 31, 2022, our portfolio based on fair value consisted of 90.3% first-lien debt investments, 1.5% second-lien debt investments, 0.4% mezzanine investments, 6.0% equity and other investments and 1.8% structured credit investments.

As of June 30, 2023 and December 31, 2022, our weighted average total yield of debt and income producing securities at fair value (which includes interest income and amortization of fees and discounts) was 14.0% and 13.5%, respectively, and our weighted

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average total yield of debt and income-producing securities at amortized cost (which includes interest income and amortization of fees and discounts) was 14.1% and 13.4%, respectively.

As of June 30, 2023 and December 31, 2022, we had investments in 130 portfolio companies (including 44 structured credit investments, which include each series of collateralized loan obligation as a separate portfolio company investment) and 121 portfolio companies (including 43 structured credit investments, which include each series of collateralized loan obligation as a separate portfolio company investment), respectively, with an aggregate fair value of $3,089.0 million and $2,787.9 million, respectively.

For the three months ended June 30, 2023, the principal amount of new investments funded was $240.0 million in six new portfolio companies and four existing portfolio companies. For this period, we had $114.0 million aggregate principal amount in exits and repayments.

For the three months ended June 30, 2022, the principal amount of new investments funded was $324.8 million in 30 new portfolio companies and two existing portfolio companies. For this period, we had $212.0 million aggregate principal amount in exits and repayments.

Our investment activity for the six months ended June 30, 2023 and 2022 is presented below (information presented herein is at par value unless otherwise indicated).

	Three Months Ended
($ in millions)	June 30, 2023			June 30, 2022
New investment commitments:
Gross originations (1)	$	1,522.9		$	1,569.3
Less: Syndications/sell downs (1)		1,262.5			1,190.4
Total new investment commitments	$	260.4		$	378.9
Principal amount of investments funded:
First-lien	$	209.3		$	267.5
Second-lien		30.0			—
Mezzanine		—			—
Equity and other		0.7			57.3
Structured Credit		—			—
Total	$	240.0		$	324.8
Principal amount of investments sold or repaid:
First-lien	$	112.3		$	211.6
Second-lien		—			—
Mezzanine		—			—
Equity and other		1.7			0.4
Structured Credit		—			—
Total	$	114.0		$	212.0
Number of new investment commitments in    new portfolio companies		6			30
Average new investment commitment amount in    new portfolio companies	$	41.3		$	12.0
Weighted average term for new investment    commitments in new portfolio companies    (in years)		6.7			5.7
Percentage of new debt investment commitments    at floating rates		100.0	%		100.0	%
Weighted average interest rate of new    investment commitments		12.6	%		9.2	%
Weighted average spread over reference rate of new    floating rate investment commitments		7.3	%		7.3	%
Weighted average interest rate on investments    fully sold or paid down		15.6	%		9.1	%

(1)Includes affiliates of Sixth Street

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As of June 30, 2023 and December 31, 2022, our investments consisted of the following:

	June 30, 2023				December 31, 2022
($ in millions)	Fair Value		Amortized Cost		Fair Value		Amortized Cost
First-lien debt investments	$	2,800.2	$	2,783.5	$	2,517.9	$	2,529.3
Second-lien debt investments		39.7		47.8		40.8		42.7
Mezzanine debt investments		40.2		37.5		10.1		7.5
Equity and other investments		154.7		141.6		167.7		142.1
Structured credit investments		54.2		55.0		51.4		53.1
Total	$	3,089.0	$	3,065.4	$	2,787.9	$	2,774.7

The following tables show the fair value and amortized cost of our performing and non-accrual investments as of June 30, 2023 and December 31, 2022:

	June 30, 2023					December 31, 2022
($ in millions)	Fair Value		Percentage			Fair Value		Percentage
Performing	$	3,069.6		99.4	%	$	2,787.7		100.0	%
Non-accrual (1)		19.4		0.6			0.2		0.0
Total	$	3,089.0		100.0	%	$	2,787.9		100.0	%

	June 30, 2023					December 31, 2022
($ in millions)	Amortized Cost		Percentage			Amortized Cost		Percentage
Performing	$	3,037.2		99.1	%	$	2,772.8		99.9	%
Non-accrual (1)		28.2		0.9			1.9		0.1
Total	$	3,065.4		100.0	%	$	2,774.7		100.0	%

(1)Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when management has reasonable doubt that the borrower will pay principal or interest in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Non-accrual loans are restored to accrual status when past due principal and interest has been paid and, in management’s judgment, the borrower is likely to make principal and interest payments in the future. Management may determine to not place a loan on non-accrual status if, notwithstanding any failure to pay, the loan has sufficient collateral value and is in the process of collection. See “–Critical Accounting Policies – Interest and Dividend Income Recognition.”

The weighted average yields and interest rates of our performing debt investments at fair value as of June 30, 2023 and December 31, 2022 were as follows:

	June 30, 2023			December 31, 2022
Weighted average total yield of debt and income    producing securities (1)		14.0	%		13.5	%
Weighted average interest rate of debt and income    producing securities		13.8	%		13.1	%
Weighted average spread over reference rate of all floating    rate investments		8.3	%		8.7	%

(1)Weighted average total portfolio yield at fair value was 13.3% at June 30, 2023 and 12.8% at December 31, 2022.

The Adviser monitors our portfolio companies on an ongoing basis. The Adviser monitors the financial trends of each portfolio company to determine if it is meeting its business plans and to assess the appropriate course of action for each company. The Adviser has a number of methods of evaluating and monitoring the performance of our investments, which may include the following:

•assessment of success of the portfolio company in adhering to its business plan and compliance with covenants;

•periodic and regular contact with portfolio company management and, if appropriate, the financial or strategic sponsor, to discuss financial position, requirements and accomplishments;

•comparisons to other companies in the industry;

•attendance at, and participation in, board meetings; and

•review of monthly and quarterly financial statements and financial projections for portfolio companies.

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As part of the monitoring process, the Adviser regularly assesses the risk profile of each of our investments and, on a quarterly basis, grades each investment on a risk scale of 1 to 5. Risk assessment is not standardized in our industry and our risk assessment may not be comparable to ones used by our competitors. Our assessment is based on the following categories:

•An investment is rated 1 if, in the opinion of the Adviser, it is performing as agreed and there are no concerns about the portfolio company’s performance or ability to meet covenant requirements. For these investments, the Adviser generally prepares monthly reports on investment performance and intensive quarterly asset reviews.

•An investment is rated 2 if it is performing as agreed, but, in the opinion of the Adviser, there may be concerns about the company’s operating performance or trends in the industry. For these investments, in addition to monthly reports and quarterly asset reviews, the Adviser also researches any areas of concern with the objective of early intervention with the portfolio company.

•An investment will be assigned a rating of 3 if it is paying its obligations to us as agreed but a material covenant violation is expected. For these investments, in addition to monthly reports and quarterly asset reviews, the Adviser also adds the investment to its “watch list” and researches any areas of concern with the objective of early intervention with the portfolio company.

•An investment will be assigned a rating of 4 if a material covenant has been violated, but the company is making its scheduled payments on its obligations to us. For these investments, the Adviser generally prepares a bi-monthly asset review email and generally has monthly meetings with the portfolio company’s senior management. For investments where there have been material defaults, including bankruptcy filings, failures to achieve financial performance requirements or failure to maintain liquidity or loan-to-value requirements, the Adviser often will take immediate action to protect its position. These remedies may include negotiating for additional collateral, modifying investment terms or structure, or payment of amendment and waiver fees.

•A rating of 5 indicates an investment is in default on its interest and/or principal payments. For these investments, our Adviser reviews the investments on a bi-monthly basis and, where possible, pursues workouts that achieve an early resolution to avoid further deterioration of our investment. The Adviser retains legal counsel and takes actions to preserve our rights, which may include working with the portfolio company to have the default cured, to have the investment restructured or to have the investment repaid through a consensual workout.

The following table shows the distribution of our investments on the 1 to 5 investment performance rating scale at fair value as of June 30, 2023 and December 31, 2022. Investment performance ratings are accurate only as of those dates and may change due to subsequent developments relating to a portfolio company’s business or financial condition, market conditions or developments, and other factors.

		June 30, 2023					December 31, 2022
Investment		Investments at					Investments at
Performance		Fair Value		Percentage of			Fair Value		Percentage of
Rating		($ in millions)		Total Portfolio			($ in millions)		Total Portfolio
	1	$	2,718.5		88.0	%	$	2,472.8		88.7	%
	2		295.4		9.6			293.6		10.5
	3		55.7		1.8			21.3		0.8
	4		—		—			—		—
	5		19.4		0.6			0.2		0.0
Total		$	3,089.0		100.0	%	$	2,787.9		100.0	%

Results of Operations

Operating results for the three and six months ended June 30, 2023 and 2022 were as follows:

	Three Months Ended					Six Months Ended
($ in millions)	June 30, 2023		June 30, 2022			June 30, 2023		June 30, 2022
Total investment income	$	107.6	$	63.9		$	204.1	$	131.3
Less: Net expenses		57.9		22.3			111.1		53.7
Net investment income before income taxes		49.7		41.6			93.0		77.6
Less: Income taxes, including excise taxes		0.9		0.8			1.3		1.1
Net investment income		48.8		40.8			91.7		76.5
Net realized gains (losses) (1)		1.5		0.4			6.7		14.1
Net change in unrealized gains (losses) (1)		2.8		(54.7	)		7.6		(63.2	)
Net increase (decrease) in net assets resulting from operations	$	53.1	$	(13.5	)	$	106.0	$	27.4

(1)Includes foreign exchange hedging activity.

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Investment Income

	Three Months Ended				Six Months Ended
($ in millions)	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest from investments	$	102.7	$	61.2	$	195.9	$	126.6
Dividend income		0.8		1.1		1.4		1.4
Other income		4.1		1.6		6.8		3.3
Total investment income	$	107.6	$	63.9	$	204.1	$	131.3

Interest from investments, which includes amortization of upfront fees and prepayment fees, increased from $61.2 million for the three months ended June 30, 2022 to $102.7 million for the three months ended June 30, 2023. The increase in interest from investments was primarily the result of an increase in interest earned due to an increase in reference rates for the period ended June 30, 2023 compared to the same period in 2022 and an increase in amendment fees. Accelerated amortization of upfront fees, which were primarily from unscheduled paydowns, decreased from $1.7 million for the three months ended June 30, 2022 to $0.7 million for the three months ended June 30, 2023. Prepayment fees decreased from $1.5 million for the three months ended June 30, 2022 to $0.3 million for the three months ended June 30, 2023. Accelerated amortization of upfront fees and prepayment fees primarily resulted from full paydowns on three portfolio investments, a partial paydown on three portfolio investment, realizations on one portfolio investments, and earning prepayment fees on one portfolio investments during the three months ended June 30, 2022 and from full paydowns on two portfolio investments, partial paydowns on two portfolio investments, a partial realization of two portfolio investments and earning prepayment fees on one portfolio investment during the three months ended June 30, 2023. Other income increased from $1.6 million for the three months ended June 30, 2022 to $4.1 million for the three months ended June 30, 2023, primarily due to increased amendment fees during the three months ended June 30, 2023 compared to the same period in 2022.

Interest from investments, which includes amortization of upfront fees and prepayment fees, increased from $126.6 million for the six months ended June 30, 2022 to $195.9 million for the six months ended June 30, 2023. The increase in interest from investments was primarily the result of an increase in interest earned due to an increase in reference rates for the period ended June 30, 2023 compared to the same period in 2022 and an increase in amendment fees. Accelerated amortization of upfront fees from unscheduled paydowns decreased from $3.4 million for the six months ended June 30, 2022 to $1.6 million for the six months ended June 30, 2022. Prepayment fees decreased from $6.6 million for the six months ended June 30, 2022 to $0.3 million for the six months ended June 30, 2023. Accelerated amortization of upfront fees and prepayment fees primarily resulted from full paydowns on seven portfolio investments, partial paydowns on seven portfolio investments, a partial realization of one portfolio investment, a realization of one portfolio investments and earning prepayment fees on eight portfolio investments during the six months ended June 30, 2022 and full paydowns on four portfolio investments, partial paydowns on four portfolio investments, a partial realization of three portfolio investments and earning prepayment fees on two portfolio investments during the six months ended June 30, 2023. Other income increased from $3.3 million for the six months ended June 30, 2022 to $6.8 million for the six months ended June 30, 2023, primarily due to increased miscellaneous fees earned during the six months ended June 30, 2023 compared to the same period in 2022.

Expenses

Operating expenses for the three and six months ended June 30, 2023 and 2022 were as follows:

	Three Months Ended					Six Months Ended
($ in millions)	June 30, 2023		June 30, 2022			June 30, 2023		June 30, 2022
Interest	$	32.4	$	11.9		$	60.9	$	21.6
Management fees (net of waivers)		11.1		9.5			21.6		18.8
Incentive fees related to pre-incentive fee net investment    income (net of waivers)		10.5		6.7			20.0		14.6
Incentive fees related to realized/unrealized capital gains		0.7		(9.1	)		2.5		(7.7	)
Professional fees		1.8		1.8			3.5		3.3
Directors fees		0.2		0.2			0.4		0.4
Other general and administrative		1.2		1.3			2.2		2.7
Net Expenses	$	57.9	$	22.3		$	111.1	$	53.7

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Interest

Interest expense, including other debt financing expenses, increased from $11.9 million for the three months ended June 30, 2022 to $32.4 million for the three months ended June 30, 2023. This increase was primarily due to an increase in the average interest rate on our debt outstanding and an increase in the average debt outstanding from $1,156.4 million for the three months ended June 30, 2022 to $1,713.0 million for the three months ended June 30, 2023. The average interest rate on our debt outstanding increased from 3.1% for the three months ended June 30, 2022 to 7.1% for the three months ended June 30, 2023.

Interest expense, including other debt financing expenses, increased from $21.6 million for the six months ended June 30, 2022 to $60.9 million for the six months ended June 30, 2023. This increase was primarily due to an increase in the average interest rate on our debt outstanding and an increase in the average debt outstanding from $1,183.6 million for the six months ended June 30, 2022 to $1,641.8 million for the six months ended June 30, 2023. The average interest rate on our debt outstanding increased from 2.7% for the six months ended June 30, 2022 to 6.9% for the six months ended June 30, 2023.

Management Fees

Management Fees (gross of waivers) increased from $9.5 million for the three months ended June 30, 2022 to $11.4 million for the three months ended June 30, 2023 due to an increase in average assets for the three months ended June 30, 2023 compared to the same period in 2022. Management Fees (net of waivers) increased from $9.5 million for the three months ended June 30, 2022 to $11.1 million for the three months ended June 30, 2023. The Adviser waived Management Fees of $0.3 million for the three months ended June 30, 2023 pursuant to the Leverage Waiver. The Adviser waived Management Fees of less than $0.1 million, respectively, for the six months ended June 30, 2022 pursuant to the Leverage Waiver.

Management Fees (gross of waivers) increased from $18.8 million for the six months ended June 30, 2022 to $11.4 million for the six months ended June 30, 2023 due to an increase in average assets for the six months ended June 30, 2023 compared to the same period in 2022. Management Fees (net of waivers) increased from $18.8 million for the six months ended June 30, 2022 to $22.1 million for the six months ended June 30, 2023. The Adviser waived Management Fees of $0.6 million for the six months ended June 30, 2023 pursuant to the Leverage Waiver. The Adviser waived Management Fees of less than $0.1 million, respectively, for the six months ended June 30, 2022 pursuant to the Leverage Waiver.

Any waived Management Fees are not subject to recoupment by the Adviser.

Incentive Fees

Incentive Fees related to pre-Incentive Fee net investment income increased from $6.7 million for the three months ended June 30, 2022 to $10.5 million for the three months ended June 30, 2023. This increase resulted from an increase in reference rates for the three months ended June 30, 2023. The Adviser did not waive any Incentive Fees related to pre-Incentive Fee net investment income for the three months ended June 30, 2023 or 2022. For the three months ended June 30, 2023 and 2022, $0.7 million and $(9.1) million, respectively, of Incentive Fees were accrued related to Capital Gains Fees. As of June 30, 2023, these accrued Incentive Fees are not contractually payable to the Adviser.

Incentive Fees related to pre-Incentive Fee net investment income increased from $7.9 million for the six months ended June 30, 2022 to $29.0 million for the six months ended June 30, 2023. This increase resulted from an increase in reference rates for the six months ended June 30, 2023. The Adviser did not waive any Incentive Fees related to pre-Incentive Fee net investment income for the six months ended June 30, 2023 or 2022. For the six months ended June 30, 2023 and 2022, $2.5 million and $(7.7) million, respectively, of Incentive Fees were accrued related to Capital Gains Fees. As of June 30, 2023, these accrued Incentive Fees are not contractually payable to the Adviser.

Professional Fees and Other General and Administrative Expenses

Professional fees remained constant from $1.8 million for the three months ended June 30, 2022 to $1.8 million for the three months ended June 30, 2023. Other general and administrative expenses decreased from $1.3 million for the three months ended June 30, 2022 to $1.2 million for the three months ended June 30, 2023.

Professional fees increased from $3.3 million for the six months ended June 30, 2022 to $3.5 million for the six months ended June 30, 2023. Other general and administrative expenses decreased from $2.7 million for the six months ended June 30, 2022 to $2.2 million for the six months ended June 30, 2023.

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Income Taxes, Including Excise Taxes

We have elected to be treated as a RIC under Subchapter M of the Code, and we intend to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify as a RIC, we must, among other things, distribute to our stockholders in each taxable year generally at least 90% of our investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain our RIC status, we, among other things, have made and intend to continue to make the requisite distributions to our stockholders, which generally relieve us from corporate-level U.S. federal income taxes.

Depending on the level of taxable income earned in a tax year, we can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, we accrue excise tax on estimated excess taxable income.

For the three and six months ended June 30, 2023, we recorded a net expense of $0.9 million and $1.3 million, respectively, for U.S. federal excise tax and other taxes. For the three and six months ended June 30, 2022, we recorded a net expense of $0.8 million and $1.1 million, respectively, for U.S. federal excise tax and other taxes.

Net Realized and Unrealized Gains and Losses

The following table summarizes our net realized and unrealized gains (losses) for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended						Six Months Ended
($ in millions)	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Net realized gains (losses) on investments	$	1.6		$	0.4		$	6.4		$	14.1
Net realized gains (losses) on foreign currency transactions		(0.1	)		(0.0	)		0.1			(0.0	)
Net realized gains (losses) on foreign currency investments		(0.0	)		0.0			(0.0	)		0.1
Net realized gains (losses) on foreign currency borrowings		(0.0	)		0.0			0.2			(0.1	)
Net Realized Gains (Losses)	$	1.5		$	0.4		$	6.7		$	14.1
Change in unrealized gains on investments	$	18.0		$	5.8		$	40.0		$	22.5
Change in unrealized (losses) on investments		(13.1	)		(66.6	)		(29.6	)		(87.0	)
Net Change in Unrealized Gains (Losses) on    Investments	$	4.9		$	(60.8	)	$	10.4		$	(64.5	)
Unrealized gains (losses) on foreign currency borrowings		(2.0	)		7.7			(2.7	)		5.9
Unrealized gains (losses) on foreign currency cash		0.0			(0.0	)		(0.3	)		(0.0	)
Unrealized gains (losses) on interest rate swaps		(0.1	)		(1.6	)		0.2			(4.6	)
Net Change in Unrealized Gains (Losses) on Foreign    Currency Transactions and Interest Rate Swaps	$	(2.1	)	$	6.1		$	(2.8	)	$	1.3
Net Change in Unrealized Gains (Losses)	$	2.8		$	(54.7	)	$	7.6		$	(63.2	)

For the three and six months ended June 30, 2023, we had net realized gains on investments of $1.6 million and $6.4 million, respectively, primarily driven by one investment and one investment, respectively. For the three and six months ended June 30, 2023, we had net realized losses of $(0.1) million and net realized gains of $0.1 million, respectively on foreign currency transactions, primarily as a result of translating foreign currency related to our non-USD denominated investments. For the three and six months ended June 30, 2023, we had net realized losses of less than $(0.1) million, respectively, on foreign currency investments. For the three and six months ended June 30, 2023, we had net realized losses of less than $(0.1) million and net realized gains of $0.2 million on foreign currency borrowings. The net realized gains and losses on foreign currency borrowings were a result of payments on our revolving credit facility.

For the three months ended June 30, 2023, we had $18.0 million in unrealized gains on 102 portfolio company investments, which was offset by $(13.1) million in unrealized losses on 30 portfolio company investments. Unrealized gains resulted from an increase in fair value, primarily due to positive portfolio company specific developments. Unrealized losses primarily resulted from widening credit spreads, and also lesser impacts from the reversal of prior period unrealized gains due to realizations and negative portfolio company specific developments. For the six months ended June 30, 2023, we had $40.0 million in unrealized gains on 108 portfolio company investments, which was offset by $(29.6) million in unrealized losses on 26 portfolio company investments. Unrealized

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gains resulted from an increase in fair value, primarily due to positive portfolio company specific developments. Unrealized losses primarily resulted from widening credit spreads, and also lesser impacts from the reversal of prior period unrealized gains due to realizations and negative portfolio company specific developments.

For the three and six months ended June 30, 2023, we had unrealized losses on foreign currency borrowings of $(2.0) million and $(2.7) million, respectively, on foreign currency borrowings, as a result of fluctuations in the AUD, CAD, EUR and GBP exchange rates. For the three and six months ended June 30, 2023, we had unrealized gains on foreign currency cash of less than $0.1 million and unrealized losses of $(0.3) million, respectively. For the three and six months ended June 30, 2023, we had unrealized losses on interest rate swaps of $(0.1) million and unrealized gains of $0.2 million, respectively, due to fluctuations in interest rates and the periodic settlement of interest rate swaps.

For the three and six months ended June 30, 2022, we had net realized gains on investments of $0.4 million and $14.1 million, respectively, primarily driven by one investment and one investment, respectively. For the three and six months ended June 30, 2022, we had net realized losses of less than $(0.1) million on foreign currency transactions, primarily as a result of translating foreign currency related to our non-USD denominated investments. For the three and six months ended June 30, 2022, we had net realized gains of less than $0.1 million and $0.1 million, respectively, on foreign currency investments. For the three months ended June 30, 2022, we had net realized gains of less than $0.1 million on foreign currency borrowings and for the six months ended June 30, 2022 we had net realized losses of $(0.1) million on foreign currency borrowings. The net realized gains and losses on foreign currency borrowings were a result of payments on our revolving credit facility.

For the three months ended June 30, 2022, we had $5.8 million in unrealized gains on 6 portfolio company investments, which was offset by $(66.6) million in unrealized losses on 90 portfolio company investments. Unrealized gains resulted from an increase in fair value, primarily due to positive portfolio company specific developments. Unrealized losses primarily resulted from widening credit spreads, and also lesser impacts from the reversal of prior period unrealized gains due to realizations and negative portfolio company specific developments. For the six months ended June 30, 2022, we had $22.5 million in unrealized gains on 9 portfolio company investments, which was offset by $(87.0) million in unrealized losses on 91 portfolio company investments. Unrealized gains resulted from an increase in fair value, primarily due to positive portfolio company specific developments. Unrealized losses primarily resulted from widening credit spreads, and also lesser impacts from the reversal of prior period unrealized gains due to realizations and negative portfolio company specific developments.

For the three and six months ended June 30, 2022, we had unrealized gains on foreign currency borrowings of $7.7 million and $5.9 million, respectively, on foreign currency borrowings, as a result of fluctuations in the AUD, CAD, EUR and GBP exchange rates. For the three and six months ended June 30, 2022, we had unrealized losses on foreign currency cash of less than $(0.1) million. For the three and six months ended June 30, 2022, we had unrealized losses on interest rate swaps of $(1.6) million and $(4.6) million, respectively, due to fluctuations in interest rates and the periodic settlement of interest rate swaps.

Realized Gross Internal Rate of Return

Since we began investing in 2011 through June 30, 2023, weighted by capital invested, our exited investments have generated an average realized gross internal rate of return to us of 17.5% (based on total capital invested of $6.8 billion and total proceeds from these exited investments of $8.5 billion). Ninety percent of these exited investments resulted in a realized gross internal rate of return to us of 10% or greater.

Gross IRR, with respect to an investment, is calculated based on the dates that we invested capital and dates we received distributions, regardless of when we made distributions to our stockholders. Initial investments are assumed to occur at time zero, and all cash flows are deemed to occur on the fifteenth of each month in which they occur.

Gross IRR reflects historical results relating to our past performance and is not necessarily indicative of our future results. In addition, gross IRR does not reflect the effect of Management Fees, expenses, Incentive Fees or taxes borne, or to be borne, by us or our stockholders, and would be lower if it did.

Average gross IRR is the average of the gross IRR for each of our exited investments (each calculated as described above), weighted by the total capital invested for each of those investments.

Average gross IRR on our exited investments reflects only invested and realized cash amounts as described above, and does not reflect any unrealized gains or losses in our portfolio.

Internal rate of return, or IRR, is a measure of our discounted cash flows (inflows and outflows). Specifically, IRR is the discount rate at which the net present value of all cash flows is equal to zero. That is, IRR is the discount rate at which the present value of total

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capital invested in each of our investments is equal to the present value of all realized returns from that investment. Our IRR calculations are unaudited.

Capital invested, with respect to an investment, represents the aggregate cost basis allocable to the realized or unrealized portion of the investment, net of any upfront fees paid at closing for the term loan portion of the investment. Capital invested also includes realized losses on hedging activity, with respect to an investment, which represents any inception-to-date realized losses on foreign currency forward contracts allocable to the investment, if any.

Realized returns, with respect to an investment, represents the total cash received with respect to each investment, including all amortization payments, interest, dividends, prepayment fees, upfront fees, administrative fees, agent fees, amendment fees, accrued interest, and other fees and proceeds. Realized returns also include realized gains on hedging activity, with respect to an investment, which represents any inception-to-date realized gains on foreign currency forward contracts allocable to the investment, if any.

Interest Rate and Foreign Currency Hedging

We use interest rate swaps to hedge our fixed rate debt and certain fixed rate investments. We have designated certain interest rate swaps to be in a hedge accounting relationship. See Note 2 for additional disclosure regarding our accounting for derivative instruments designated in a hedge accounting relationship. See Note 5 for additional disclosure regarding these derivative instruments and the interest payments paid and received. See Note 7 for additional disclosure regarding the carrying value of our debt.

Our current approach to hedging the foreign currency exposure in our non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under our Revolving Credit Facility to fund these investments. For the six months ended June 30, 2023 and 2022, we had $(2.7) million of unrealized losses and $5.9 million of unrealized gains, respectively, on the translation of our non-U.S. dollar denominated debt into U.S. dollars; such amounts approximate the corresponding unrealized gains and losses on the translation of our non-U.S. dollar denominated investments into U.S. dollars for the six months ended June 30, 2023 and 2022. See Note 2 for additional disclosure regarding our accounting for foreign currency. See Note 7 for additional disclosure regarding the amounts of outstanding debt denominated in each foreign currency at June 30, 2023. See our consolidated schedule of investments for additional disclosure regarding the foreign currency amounts (in both par and fair value) of our non-U.S. dollar denominated investments.

Financial Condition, Liquidity and Capital Resources

Our liquidity and capital resources are derived primarily from proceeds from equity issuances, advances from our credit facilities, and cash flows from operations. The primary uses of our cash and cash equivalents are:

•investments in portfolio companies and other investments and to comply with certain portfolio diversification requirements;

•the cost of operations (including paying our Adviser);

•debt service, repayment, and other financing costs; and

•cash dividends to the holders of our shares.

We intend to continue to generate cash primarily from cash flows from operations, future borrowings and future offerings of securities. We may from time to time enter into additional debt facilities, increase the size of existing facilities or issue debt securities. Any such incurrence or issuance would be subject to prevailing market conditions, our liquidity requirements, contractual and regulatory restrictions and other factors. In accordance with the 1940 Act, with certain limited exceptions, we are only allowed to incur borrowings, issue debt securities or issue preferred stock if immediately after the borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%. For more information, see “Key Components of Our Results of Operations — Leverage” above. As of June 30, 2023 and December 31, 2022, our asset coverage ratio was 186.1% and 188.6%, respectively. We carefully consider our unfunded commitments for the purpose of planning our capital resources and ongoing liquidity, including our financial leverage. Further, we maintain sufficient borrowing capacity within the 150% asset coverage limitation under the 1940 Act and the asset coverage limitation under our credit facilities to cover any outstanding unfunded commitments we are required to fund.

Cash and cash equivalents as of June 30, 2023, taken together with cash available under our credit facilities, is expected to be sufficient for our investing activities and to conduct our operations in the near term. As of June 30, 2023, we had approximately $0.5 billion of availability on our Revolving Credit Facility, subject to asset coverage limitations.

As of June 30, 2023, we had $25.9 million in cash and cash equivalents, including $15.1 million of restricted cash, an increase of $0.2 million from December 31, 2022. During the six months ended June 30, 2023, cash used in operating activities was $(186.6)

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million, primarily attributable to funding portfolio investments of $455.6 million, which was offset by repayments and proceeds from investments of $176.6 million and an increase in net assets resulting from operations of $106.0 million. Cash provided by financing activities was $186.8 million during the period due to borrowings of $750.1 million, which was offset by paydowns on our Revolving Credit Facility of $571.1 million and change in dividends payable of $76.4 million.

Equity

On February 23, 2021, we issued a total of 4,000,000 shares of common stock at $21.30 per share. Net of underwriting fees and offering costs, we received total cash proceeds of $84.9 million. Subsequent to the offering we issued an additional 49,689 shares on March 24, 2021 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, total cash proceeds of $1.0 million.

During the three months ended December 2021, we issued a total of 2,324,820 shares of common stock, or $42.3 million, as settlement for the conversion of $42.8 million principal amount of the 2022 Convertible Notes.

On August 1, 2022, we issued a total of 4,360,125 share of common stock, or $78.1 million, as settlement for the conversion of $79.2 million principal amount of the 2022 Convertible Notes.

On May 15, 2023, we issued a total of 4,500,000 shares of common stock at $17.60 per share. Net of underwriting fees and offering costs, we received total cash proceeds of $77.6 million. Subsequent to the offering we issued an additional 675,000 shares on June 12, 2023 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, total cash proceeds of $11.7 million.

During the six months ended June 30, 2023 and 2022, we also issued 676,944 and 567,973 shares of our common stock, respectively, to investors who have not opted out of our dividend reinvestment plan for proceeds of $5.6 million and $12.6 million, respectively.

On August 4, 2015, our Board authorized us to acquire up to $50 million in aggregate of our common stock from time to time over an initial six month period, and has continued to authorize the refreshment of the $50 million amount authorized under and extension of the stock repurchase program prior to its expiration since that time, most recently as of May 8, 2023. The amount and timing of stock repurchases under the program may vary depending on market conditions, and no assurance can be given that any particular amount of common stock will be repurchased.

No shares were repurchased for the three months ended June 30, 2023 and 2022.

Debt

Revolving Credit Facility

On August 23, 2012, we entered into a senior secured revolving credit agreement with Truist Bank (as a successor by merger to SunTrust Bank), as administrative agent, and J.P. Morgan Chase Bank, N.A., as syndication agent, and certain other lenders (as amended and restated, the “Revolving Credit Facility”).

As of March 31, 2023, aggregate commitments under the facility were $1.585 billion. Pursuant to an amendment to the Revolving Credit Facility dated as of June 12, 2023 (the “Fourteenth Amendment”), the aggregate commitments under the facility were increased to $1.710 billion. The facility includes an uncommitted accordion feature that allows the Company, under certain circumstances, to increase the size of the facility to up to $2.0 billion.

Pursuant to the Fourteenth Amendment, with respect to $1.465 billion in commitments, the revolving period, during which period the Company, subject to certain conditions, may make borrowings under the facility, was extended to June 11, 2027 and the stated maturity date was extended to June 12, 2028. For the remaining $245.0 million of commitments, (A) with respect to $25.0 million of commitments, the revolving period ends January 31, 2024 and the stated maturity is January 31, 2025, (B) with respect to $50.0 million of commitments, the revolving period ends on February 4, 2025 and the stated maturity is February 4, 2026 and (C) with respect to $170.0 million of commitments, the revolving period ends April 24, 2026 and the stated maturity is April 23, 2027.

We may borrow amounts in U.S. dollars or certain other permitted currencies. As of June 30, 2023, we had outstanding debt denominated in Australian Dollars (AUD) of 67.5 million, British pounds (GBP) of 14.0 million, Canadian Dollars (CAD) of 101.7 million, and Euro (EUR) of 28.0 million on our Revolving Credit Facility, included in the outstanding principal amount in the table above.

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The Revolving Credit Facility also provides for the issuance of letters of credit up to an aggregate amount of $75.0 million. As of June 30, 2023 and December 31, 2022 the Company had $0.2 million and less than $0.1 million letters of credit issued through the Revolving Credit Facility. The amount available for borrowing under the Revolving Credit Facility is reduced by any letters of credit issued through the Revolving Credit Facility.

Amounts drawn under the Revolving Credit Facility, including amounts drawn in respect of letters of credit, bear interest at either the applicable reference rate plus an applicable credit spread adjustment, plus a margin of either 1.75% or 1.875%, or the base rate plus a margin of either 0.75% or 0.875%, in each case, based on the total amount of the borrowing base relative to the sum of the total commitments (or, if greater, the total exposure) under the Revolving Credit Facility plus certain other designated secured debt. We may elect either the applicable reference rate or base rate at the time of drawdown, and loans may be converted from one rate to another at any time, subject to certain conditions. We also pay a fee of 0.375% on undrawn amounts and, in respect of each undrawn letter of credit, a fee and interest rate equal to the then applicable margin while the letter of credit is outstanding.

The Revolving Credit Facility is guaranteed by Sixth Street SL SPV, LLC, TC Lending, LLC and Sixth Street SL Holding, LLC. The Revolving Credit Facility is secured by a perfected first-priority security interest in substantially all the portfolio investments held by us and each guarantor. Proceeds from borrowings may be used for general corporate purposes, including the funding of portfolio investments.

The Revolving Credit Facility includes customary events of default, as well as customary covenants, including restrictions on certain distributions and financial covenants. In accordance with the terms of the Fourteenth Amendment, the financial covenants require:

•an asset coverage ratio of no less than 1.5 to 1 on the last day of any fiscal quarter;

•stockholders’ equity of at least $500 million plus 25% of the net proceeds of the sale of equity interests after January 31, 2020; and

•minimum asset coverage ratio of no less than 2 to 1 with respect to (i) the consolidated assets of the Company and the subsidiary guarantors (including certain limitations on the contribution of equity in financing subsidiaries) to (ii) the secured debt of the Company and its subsidiary guarantors plus unsecured senior securities of the Company and its subsidiary guarantors that mature within 90 days of the date of determination (the “Obligor Asset Coverage Ratio”).

The Revolving Credit Facility also contains certain additional concentration limits in connection with the calculation of the borrowing base, based on the Obligor Asset Coverage Ratio.

2022 Convertible Notes

In February 2017, we issued in a private offering $115.0 million aggregate principal amount convertible notes due August 2022 (the “2022 Convertible Notes”). The 2022 Convertible Notes were issued in a private placement only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The 2022 Convertible Notes were unsecured, and bore interest at a rate of 4.50% per year, payable semiannually. In June 2018, we issued an additional $57.5 million aggregate principal amount of 2022 Convertible Notes. The additional 2022 Convertible Notes were issued with identical terms, and were fungible with and were part of a single series with the previously outstanding $115.0 million aggregate principal amount of our 2022 Convertible Notes issued in February 2017. In connection with the offering of 2022 Convertible Notes in February 2017 and the reopening in June 2018, we entered into interest rate swaps to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swaps matched the amount of principal outstanding, and matured on August 1, 2022, matching the maturity date of the 2022 Convertible Notes.

On August 1, 2022, the 2022 Convertible Notes matured in accordance with the governing indenture. Holders of $79.2 million aggregate principal amount of notes provided valid notice of conversion and were subject to the combination settlement method previously elected by us, with a specified cash amount (as defined in the indenture governing the 2022 Convertible Notes) of $20.00 per $1,000 principal amount of the 2022 Convertible Notes and any additional amounts in stock based on the applicable conversion rate as described in the indenture. In accordance with the settlement method, we issued a total of 4,360,125 shares of common stock, or $77.6 million at the adjusted conversion price per share of $17.92. The remaining balance of the notes that were not converted into newly issued shares of common stock were settled with existing cash resources, including through utilization of our Revolving Credit Facility. The interest rate swaps associated with the principal amount of the notes outstanding were terminated on the date of maturity of the 2022 Convertible Notes.

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2023 Notes

In January 2018, we issued $150.0 million aggregate principal amount of unsecured notes that matured on January 22, 2023 (the “2023 Notes”). The principal amount of the 2023 Notes was payable at maturity. The 2023 Notes bore interest at a rate of 4.50% per year, payable semi-annually commencing on July 22, 2018, and were redeemable in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2023 Notes, net of underwriting discounts and offering costs, were $146.9 million. We used the net proceeds of the 2023 Notes to repay outstanding indebtedness under the Revolving Credit Facility. The 2023 Notes matured on January 22, 2023 and were fully repaid in cash. The swap transaction associated with the issuance of the 2023 Notes also matured on January 22, 2023.

2024 Notes

In November 2019, we issued $300.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024 (the “2024 Notes”). The principal amount of the 2024 Notes is payable at maturity. The 2024 Notes bear interest at a rate of 3.875% per year, payable semi-annually commencing on May 1, 2020, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2024 Notes, net of underwriting discounts, offering costs and original issue discount were $292.9 million. We used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

On February 5, 2020, we issued an additional $50.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024. The additional 2024 Notes are a further issuance of, fungible with, rank equally in right of payment with and have the same terms (other than the issue date and the public offering price) as the initial issuance of 2024 Notes. Total proceeds from the issuance of the additional 2024 Notes, net of underwriting discounts, offering costs and original issue premium were $50.1 million. We used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the 2024 Notes offering and reopening of the 2024 Notes, we entered into interest rate swaps to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the two interest rates swaps is $300.0 million and $50.0 million, respectively, each of which matures on November 1, 2024, matching the maturity date of the 2024 Notes. As a result of the swaps, our effective interest rate on the 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis).

During the year ended December 31, 2020, we repurchased on the open market and extinguished $2.5 million in aggregate principal amount of the 2024 Notes for $2.4 million. These repurchases resulted in a gain on extinguishment of debt of less than $0.1 million. This gain is included in the extinguishment of debt in the accompanying Consolidated Statements of Operations. In connection with the repurchase of the 2024 Notes, we entered into a floating-to-fixed interest rate swap with a notional amount equal to the amount of 2024 Notes repurchased, which had the effect of reducing the notional exposure of the fixed-to-floating interest rate swaps, which were entered into in connection with the issuance of the 2024 Notes, to match the remaining principal amount of the 2024 Notes outstanding. As a result of the swap, our effective interest rate on the outstanding 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, our effective interest rate will be three-month SOFR plus 2.54% (on a weighted average basis).

2026 Notes

On February 3, 2021, we issued $300.0 million aggregate principal amount of unsecured notes that mature on August 1, 2026 (the “2026 Notes”). The principal amount of the 2026 Notes is payable at maturity. The 2026 Notes bear interest at a rate of 2.50% per year, payable semi-annually commencing on August 1, 2021, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2026 Notes, net of underwriting discounts, offering costs and original issue discount, were $293.7 million. We used the net proceeds of the 2026 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the issuance of the 2026 Notes, we entered into an interest rate swap to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swap is $300.0 million, which matures on August 1, 2026, matching the maturity date of the 2026 Notes. As a result of the swap, our effective interest rate on the 2026 Notes is three-month LIBOR plus 1.91%. Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, our effective interest rate will be three-month SOFR plus 2.17%.

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Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023
	Aggregate Principal		Outstanding		Amount		Carrying
($ in millions)	Amount Committed		Principal		Available (1)		Value (2)(3)
Revolving Credit Facility	$	1,710.0	$	1,050.8	$	659.2	$	1,033.9
2024 Notes		347.5		347.5	—			328.0
2026 Notes		300.0		300.0	—			261.4
Total Debt	$	2,357.5	$	1,698.3	$	659.2	$	1,623.3

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

	December 31, 2022
	Aggregate Principal		Outstanding		Amount		Carrying
($ in millions)	Amount Committed		Principal		Available (1)		Value (2)(3)
Revolving Credit Facility	$	1,585.0	$	719.3	$	865.7	$	706.2
2023 Notes		150.0		150.0	—			149.9
2024 Notes		347.5		347.5	—			325.5
2026 Notes		300.0		300.0	—			260.2
Total Debt	$	2,382.5	$	1,516.8	$	865.7	$	1,441.8

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

As of June 30, 2023 and December 31, 2022, we were in compliance with the terms of our debt arrangements. We intend to continue to utilize our credit facilities to fund investments and for other general corporate purposes.

Off-Balance Sheet Arrangements

Portfolio Company Commitments

From time to time, we may enter into commitments to fund investments. We incorporate these commitments into our assessment of our liquidity position. Our senior secured revolving loan commitments are generally available on a borrower’s demand and may remain outstanding until the maturity date of the applicable loan. Our senior secured delayed draw term loan commitments are generally available on a borrower’s demand and, once drawn, generally have the same remaining term as the associated loan agreement. Undrawn senior secured delayed draw term loan commitments generally have a shorter availability period than the term of

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the associated loan agreement. As of June 30, 2023 and December 31, 2022, we had the following commitments to fund investments in current portfolio companies:

($ in millions)	June 30, 2023		December 31, 2022
Alaska Bidco Oy - Delayed Draw & Revolver	$	0.3	$	—
Alpha Midco, Inc. - Delayed Draw		0.7		0.9
American Achievement, Corp. - Revolver		2.4		2.4
Arrow Buyer, Inc. - Delayed Draw		7.6	—
ASG II, LLC - Delayed Draw		5.2		7.0
Avalara, Inc. - Revolver		3.9		3.9
Axonify, Inc. - Delayed Draw		4.1		6.1
Banyan Software Holdings, LLC - Delayed Draw		20.0	—
Bayshore Intermediate #2, L.P. - Revolver		1.9		1.6
BCTO Ace Purchaser, Inc. - Delayed Draw		3.6		6.6
Bear OpCo, LLC - Delayed Draw		1.9		2.6
BlueSnap, Inc. - Delayed Draw & Revolver		2.5		2.5
BTRS Holdings, Inc. - Delayed Draw & Revolver		6.0		8.6
Carlstar Group, LLC - Revolver		8.5		8.5
Cordance Operations, LLC - Delayed Draw & Revolver		5.7		12.0
Coupa Holdings, LLC - Delayed Draw & Revolver		6.8	—
CrunchTime Information Systems, Inc. - Delayed Draw		0.2		7.1
Disco Parent, Inc. - Revolver		0.5	—
Dye & Durham Corp. - Delayed Draw & Revolver		2.6		6.3
EDB Parent, LLC - Delayed Draw		14.8		18.0
Edge Bidco B.V. - Delayed Draw & Revolver		1.4	—
Elysian Finco Ltd. - Delayed Draw & Revolver		5.7		6.8
Employment Hero Holdings Pty Ltd. - Delayed Draw & Revolver		5.8		8.8
EMS Linq, Inc. - Revolver		8.7		8.8
Erling Lux Bidco SARL - Delayed Draw & Revolver		3.5		5.6
ExtraHop Networks, Inc. - Delayed Draw		13.8		17.1
ForeScout Technologies, Inc. - Delayed Draw & Revolver		3.4		3.4
G Treasury SS, LLC - Delayed Draw	—			3.3
Galileo Parent, Inc. - Revolver		5.6	—
Hirevue, Inc. - Revolver		6.9	—
Hornetsecurity Holding GmbH - Delayed Draw & Revolver		2.1		2.0
Ibis Intermediate Co. - Delayed Draw		6.3		6.3
IRGSE Holding Corp. - Revolver		1.9		0.3
Kyriba Corp. - Delayed Draw & Revolver	—		—
Laramie Energy, LLC - Delayed Draw		7.7	—
LeanTaaS Holdings, Inc. - Delayed Draw		41.1		47.2
Lithium Technologies, LLC - Revolver		1.0		2.0
Lucidworks, Inc. - Delayed Draw		0.8		0.8
Murchison Oil and Gas, LLC - Delayed Draw		3.3		9.8
Netwrix Corp. - Delayed Draw & Revolver		12.7		13.9
Neuintel, LLC - Delayed Draw	—			4.2
OutSystems Luxco SARL - Delayed Draw		2.2		2.1
PageUp People, Ltd. - Delayed Draw & Revolver	—			5.8
Passport Labs, Inc. - Delayed Draw & Revolver		2.8		2.8
Ping Identity Holding Corp. - Revolver		2.3		2.3
PrimePay Intermediate, LLC - Delayed Draw	—			2.5
PrimeRevenue, Inc. - Delayed Draw & Revolver		6.2		6.3
Project44, Inc. - Delayed Draw		19.9		19.9
ReliaQuest Holdings, LLC - Delayed Draw		13.9		22.7
Tango Management Consulting, LLC - Delayed Draw & Revolver		16.8		26.6
TRP Assets, LLC - Delayed Draw & Membership Interest		4.3		7.8
WideOrbit, Inc. - Revolver	—			4.8
Total Portfolio Company Commitments (1)(2)	$	299.3	$	338.0

(1)Represents the full amount of our commitments to fund investments on such date. Commitments may be subject to limitations on borrowings set forth in the agreements between us and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

(2)Our estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.

Other Commitments and Contingencies

As of June 30, 2023 and December 31, 2022, we did not have any unfunded commitments to fund new investments to new borrowers that were not current portfolio companies as of such date.

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From time to time, we may become a party to certain legal proceedings incidental to the normal course of our business. As of June 30, 2023, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.

We have certain contracts under which we have material future commitments. Under the Investment Advisory Agreement, our Adviser provides us with investment advisory and management services. For these services, we pay the Management Fee and the Incentive Fee.

Under the Administration Agreement, our Adviser furnishes us with office facilities and equipment, provides us clerical, bookkeeping and record keeping services at such facilities and provides us with other administrative services necessary to conduct our day-to-day operations. We reimburse our Adviser for the allocable portion (subject to the review and approval of our Board) of expenses incurred by it in performing its obligations under the Administration Agreement, the fees and expenses associated with performing compliance functions and our allocable portion of the compensation of our Chief Compliance Officer, Chief Financial Officer and other professionals who spend time on those related activities (based on a percentage of time those individuals devote, on an estimated basis, to our business and affairs). Our Adviser also offers on our behalf significant managerial assistance to those portfolio companies to which we are required to offer to provide such assistance.

Contractual Obligations

A summary of our contractual payment obligations as of June 30, 2023 is as follows:

	Payments Due by Period
			Less than
($ in millions)	Total		1 year		1-3 years		3-5 years		After 5 years
Revolving Credit Facility	$	1,050.8	$	—	$	—	$	1,050.8	$	—
2024 Notes		347.5		347.5		—		—		—
2026 Notes		300.0		—		300.0		—		—
Total Contractual Obligations	$	1,698.3	$	347.5	$	300.0	$	1,050.8	$	—

In addition to the contractual payment obligations in the tables above, we also have commitments to fund investments and to pledge assets as collateral under the terms of our derivatives agreements.

Distributions

We have elected and qualified to be treated for U.S. federal income tax purposes as a RIC under subchapter M of the Code. To maintain our RIC status, we must distribute (or be treated as distributing) in each taxable year dividends for tax purposes equal to at least 90 percent of the sum of our:

•investment company taxable income (which is generally our ordinary income plus the excess of realized net short-term capital gains over realized net long-term capital losses), determined without regard to the deduction for dividends paid, for such taxable year; and

•net tax-exempt interest income (which is the excess of our gross tax exempt interest income over certain disallowed deductions) for such taxable year.

As a RIC, we (but not our stockholders) generally will not be subject to U.S. federal income tax on investment company taxable income and net capital gains that we distribute to our stockholders.

We intend to distribute annually all or substantially all of such income. To the extent that we retain our net capital gains or any investment company taxable income, we generally will be subject to corporate-level U.S. federal income tax. We may choose to retain our net capital gains or any investment company taxable income, and pay the U.S. federal excise tax described below.

Amounts not distributed on a timely basis in accordance with a calendar year distribution requirement are subject to a nondeductible 4% U.S. federal excise tax payable by us. To avoid this tax, we must distribute (or be treated as distributing) during each calendar year an amount at least equal to the sum of:

•98% of our net ordinary income excluding certain ordinary gains or losses for that calendar year;

•98.2% of our capital gain net income, adjusted for certain ordinary gains and losses, recognized for the twelve-month period ending on October 31 of that calendar year; and

•100% of any income or gains recognized, but not distributed, in preceding years.

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While we intend to distribute any income and capital gains in the manner necessary to minimize imposition of the 4% U.S. federal excise tax, sufficient amounts of our taxable income and capital gains may not be distributed to avoid entirely the imposition of this tax. In that event, we will be liable for this tax only on the amount by which we do not meet the foregoing distribution requirement.

We intend to pay quarterly dividends to our stockholders out of assets legally available for distribution. All dividends will be paid at the discretion of our Board and will depend on our earnings, financial condition, maintenance of our RIC status, compliance with applicable BDC regulations and such other factors as our Board may deem relevant from time to time.

To the extent our current taxable earnings for a year fall below the total amount of our distributions for that year, a portion of those distributions may be deemed a return of capital to our stockholders for U.S. federal income tax purposes. Thus, the source of a distribution to our stockholders may be the original capital invested by the stockholder rather than our income or gains. Stockholders should read any written disclosure carefully and should not assume that the source of any distribution is our ordinary income or gains.

We have adopted an “opt out” dividend reinvestment plan for our common stockholders. As a result, if we declare a cash dividend or other distribution, each stockholder that has not “opted out” of our dividend reinvestment plan will have their dividends or distributions automatically reinvested in additional shares of our common stock rather than receiving cash dividends. Stockholders who receive distributions in the form of shares of common stock will be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions.

Related-Party Transactions

We have entered into a number of business relationships with affiliated or related parties, including the following:

•the Investment Advisory Agreement;

•the Administration Agreement; and

•an ongoing agreement with an affiliate of TPG Global, LLC governing, inter alia, the parties’ respective ownership of and rights to use the “Sixth Street” and “TPG” trademarks and certain variations thereof.

Critical Accounting Policies

The preparation of our consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues, and expenses. Changes in the economic environment, financial markets, and any other parameters used in determining such estimates could cause actual results to differ. Our critical accounting policies, including those relating to the valuation of our investment portfolio, are described in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 16, 2023, and elsewhere in our filings with the SEC.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are subject to financial market risks, including valuation risk, interest rate risk and currency risk.

Valuation Risk

We have invested, and plan to continue to invest, primarily in illiquid debt and equity securities of private companies. Most of our investments will not have a readily available market price, and we value these investments at fair value as determined in good faith by our Board in accordance with our valuation policy. There is no single standard for determining fair value. As a result, determining fair value requires that judgment be applied to the specific facts and circumstances of each portfolio investment while employing a consistently applied valuation process for the types of investments we make. If we were required to liquidate a portfolio investment in a forced or liquidation sale, we may realize amounts that are different from the amounts presented and such differences could be material.

Interest Rate Risk

Interest rate sensitivity refers to the change in earnings that may result from changes in the level of interest rates. We also fund portions of our investments with borrowings. Our net investment income is affected by the difference between the rate at which we invest and the rate at which we borrow. Accordingly, we cannot assure you that a significant change in market interest rates will not have a material adverse effect on our net investment income.

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We regularly measure our exposure to interest rate risk. We assess interest rate risk and manage our interest rate exposure on an ongoing basis by comparing our interest rate-sensitive assets to our interest rate-sensitive liabilities. Based on that review, we determine whether or not any hedging transactions are necessary to mitigate exposure to changes in interest rates.

As of June 30, 2023, 99.2% of our debt investments based on fair value in our portfolio bore interest at floating rates, with 100.0% of these subject to interest rate floors. Our credit facilities also bear interest at floating rates, and in connection with our 2024 Notes and 2026 Notes, which bear interest at fixed rates, we entered into fixed-to-floating interest rate swaps in order to align the interest rates of our liabilities with our investment portfolio.

Assuming that our consolidated balance sheet as of June 30, 2023 were to remain constant and that we took no actions to alter our existing interest rate sensitivity, the following table shows the annualized impact of hypothetical base rate changes in interest rates (considering interest rate floors for floating rate instruments):

($ in millions)
Basis Point Change	Interest Income			Interest Expense			Net Interest Income
Up 300 basis points	$	88.4		$	50.9		$	37.5
Up 200 basis points	$	58.9		$	34.0		$	24.9
Up 100 basis points	$	29.5		$	17.0		$	12.5
Down 25 basis points	$	(7.4	)	$	(4.2	)	$	(3.2	)
Down 50 basis points	$	(14.7	)	$	(8.5	)	$	(6.2	)

Although we believe that this analysis is indicative of our existing sensitivity to interest rate changes, it does not adjust for changes in the credit market, credit quality, the size and composition of the assets in our portfolio and other business developments that could affect our net income. Accordingly, we cannot assure you that actual results would not differ materially from the analysis above.

We may in the future hedge against interest rate fluctuations by using hedging instruments such as additional interest rate swaps, futures, options and forward contracts. While hedging activities may mitigate our exposure to adverse fluctuations in interest rates, certain hedging transactions that we may enter into in the future, such as interest rate swap agreements, may also limit our ability to participate in the benefits of changes in interest rates with respect to our portfolio investments.

Currency Risk

From time to time, we may make investments that are denominated in a foreign currency. These investments are translated into U.S. dollars at each balance sheet date, exposing us to movements in foreign exchange rates. We may employ hedging techniques to minimize these risks, but we cannot assure you that such strategies will be effective or without risk to us. We may seek to utilize instruments such as, but not limited to, forward contracts to seek to hedge against fluctuations in the relative values of our portfolio positions from changes in currency exchange rates. We also have the ability to borrow in certain foreign currencies under our Revolving Credit Facility. Instead of entering into a foreign exchange forward contract in connection with loans or other investments we have made that are denominated in a foreign currency, we may borrow in that currency to establish a natural hedge against our loan or investment. To the extent the loan or investment is based on a floating rate other than a rate under which we can borrow under our Revolving Credit Facility, we may seek to utilize interest rate derivatives to hedge our exposure to changes in the associated rate.

ITEM 4. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures. As of the end of the period covered by this report, we carried out an evaluation, under the supervision and with the participation of our management, including our Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Rule 13a-15 under the Exchange Act). Based on that evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that our current disclosure controls and procedures are effective in timely alerting them to material information relating to us that is required to be disclosed by us in the reports we file or submit under the Exchange Act.

Changes in Internal Control over Financial Reporting. There have been no changes in our internal control over financial reporting that occurred during our most recently completed fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

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PART II – OTHER INFORMATION

ITEM 1. Legal Proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not currently subject to any material legal proceedings, nor, to our knowledge, is any material legal proceeding threatened against us.

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and the risk factors set forth below, which could materially affect our business, financial condition and/or operating results. These risks are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

Pursuant to Section 61(a)(2)(C)(ii) of the 1940 Act, the principal risk factors associated with our senior securities are set forth below. However, since we already use leverage in optimizing our investment portfolio, the principal risk factors associated with our senior securities do not represent material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022.

Legislation allows us to incur additional leverage.

Under the 1940 Act, a BDC generally is not permitted to incur borrowings, issue debt securities or issue preferred stock unless immediately after the borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock is at least 200%. However, under the SBCAA, which became law in March 2018, BDCs have the ability to elect to become subject to a lower asset coverage requirement of 150%, subject to the receipt of the requisite board or stockholder approvals under the SBCAA and satisfaction of certain other conditions.

On October 8, 2018, our stockholders approved the application of the minimum asset coverage ratio of 150% to us, as set forth in Section 61(a)(2) of the 1940 Act, as amended by the SBCAA. As a result and subject to certain additional disclosure requirements, as of October 9, 2018, our minimum asset coverage ratio was reduced from 200% to 150%. In other words, pursuant to Section 61(a) of the 1940 Act, as amended by the SBCAA, we are permitted to potentially increase our maximum debt-to-equity ratio from an effective level of one-to-one to two-to-one.

As a result, you may face increased investment risk. We may not be able to implement our strategy to utilize additional leverage successfully. Any impact on returns or equity or our business associated with additional leverage may not outweigh the additional risk. See “—We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.”

Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.

The 1940 Act imposes numerous constraints on the operations of BDCs. See “ITEM 1. BUSINESS—Regulation as a Business Development Company” in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 16, 2023, for a discussion of BDC limitations. For example, BDCs are required to invest at least 70% of their total assets in securities of nonpublic or thinly traded U.S. companies, cash, cash equivalents, U.S. government securities and other high-quality debt investments that mature in one year or less. These constraints may hinder the Adviser’s ability to take advantage of attractive investment opportunities and to achieve our investment objective.

We may need to periodically access the debt and equity capital markets to raise cash to fund new investments in excess of our repayments, and we may also need to access the capital markets to refinance existing debt obligations to the extent such maturing obligations are not repaid with availability under our revolving credit facilities or cash flows from operations.

Regulations governing our operation as a BDC affect our ability to raise additional capital, and the ways in which we can do so. Raising additional capital may expose us to risks, including the typical risks associated with leverage, and may result in dilution to our current stockholders. The 1940 Act limits our ability to incur borrowings and issue debt securities and preferred stock, which we refer to as senior securities, requiring that after any borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%.

We may need to continue to borrow from financial institutions and issue additional securities to fund our growth. Unfavorable economic or capital market conditions may increase our funding costs, limit our access to the capital markets or could result in a decision by lenders not to extend credit to us. An inability to successfully access the capital markets may limit our ability to refinance

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our existing debt obligations as they come due and/or to fully execute our business strategy and could limit our ability to grow or cause us to have to shrink the size of our business, which could decrease our earnings, if any. Consequently, if the value of our assets declines or we are unable to access the capital markets we may be required to sell a portion of our investments and, depending on the nature of our leverage, repay a portion of our indebtedness at a time when this may be disadvantageous. Also, any amounts that we use to service our indebtedness would not be available for distributions to our common stockholders. If we borrow money or issue senior securities, we will be exposed to typical risks associated with leverage, including an increased risk of loss.

If we issue preferred stock, the preferred stock would rank senior to common stock in our capital structure. Preferred stockholders would have separate voting rights on certain matters and may have other rights, preferences or privileges more favorable than those of our common stockholders. The issuance of preferred stock could have the effect of delaying, deferring or preventing a transaction or a change of control that might involve a premium price for holders of our common stock or otherwise be in your best interest. Holders of our common stock will directly or indirectly bear all of the costs associated with offering and servicing any preferred stock that we issue. In addition, any interests of preferred stockholders may not necessarily align with the interests of holders of our common stock and the rights of holders of shares of preferred stock to receive dividends would be senior to those of holders of shares of our common stock.

Our Board may decide to issue additional common stock to finance our operations rather than issuing debt or other senior securities. However, we generally are not able to issue and sell our common stock at a price below net asset value per share. We may, however, elect to issue and sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current net asset value of our common stock if our Board determines that the sale is in our best interests and the best interests of our stockholders, and our stockholders have approved our policy and practice of making these sales within the preceding 12 months. Pursuant to approval granted at a special meeting of stockholders held on May 25, 2023, we are currently permitted to sell or otherwise issue shares of our common stock at a price below our then-current net asset value per share, subject to the approval of our Board and certain other conditions. Such stockholder approval expires on May 25, 2024. We may in the future seek such approval again; however, there is no assurance such approval will be obtained. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board, closely approximates the market value of those securities (less any distribution commission or discount). In the event we sell shares of our common stock at a price below net asset value per share, existing stockholders will experience net asset value dilution. This dilution would occur as a result of the sale of shares at a price below the then current net asset value per share of our common stock and would cause a proportionately greater decrease in the stockholders’ interest in our earnings and assets and their voting interest in us than the increase in our assets resulting from such issuance. As a result of any such dilution, our market price per share may decline. Because the number of shares of common stock that could be so issued and the timing of any issuance is not currently known, the actual dilutive effect cannot be predicted.

In addition to issuing securities to raise capital as described above, we could securitize our investments to generate cash for funding new investments. To securitize our investments, we likely would create a wholly owned subsidiary, contribute a pool of loans to the subsidiary and have the subsidiary issue primarily investment grade debt securities to purchasers who we would expect would be willing to accept a substantially lower interest rate than the loans earn. We would retain all or a portion of the equity in the securitized pool of loans. Our retained equity would be exposed to any losses on the portfolio of investments before any of the debt securities would be exposed to the losses. An inability to successfully securitize our investment portfolio could limit our ability to grow or fully execute our business and could adversely affect our earnings, if any. The successful securitization of our investment could expose us to losses because the portions of the securitized investments that we would typically retain tend to be those that are riskier and more apt to generate losses. The 1940 Act also may impose restrictions on the structure of any securitization. In connection with any future securitization of investments, we may incur greater set-up and administration fees relating to such vehicles than we have in connection with financing of our investments in the past.

We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.

As part of our business strategy, we borrow from and may in the future issue additional senior debt securities to banks, insurance companies and other lenders. Holders of these loans or senior securities would have fixed-dollar claims on our assets that have priority over the claims of our stockholders. If the value of our assets decreases, leverage will cause our net asset value to decline more sharply than it otherwise would have without leverage. Similarly, any decrease in our income would cause our net income to decline more sharply than it would have if we had not borrowed. This decline could negatively affect our ability to make dividend payments on our common stock. Our ability to service our borrowings depends largely on our financial performance and is subject to prevailing economic conditions and competitive pressures. In addition, the Management Fee is payable based on our gross assets, including cash and assets acquired through the use of leverage, which may give our Adviser an incentive to use leverage to make additional investments. The amount of leverage that we employ will depend on our Adviser’s and our Board’s assessment of market and other factors at the time of any proposed borrowing. We cannot assure you that we will be able to obtain credit at all or on terms acceptable to us.

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Our credit facilities and indentures governing our indebtedness also impose financial and operating covenants that restrict our business activities, remedies on default and similar matters. As of June 30, 2023, we are in compliance with the covenants of our credit facilities and indentures. However, our continued compliance with these covenants depends on many factors, some of which are beyond our control. Accordingly, although we believe we will continue to be in compliance, we cannot assure you that we will continue to comply with the covenants in our credit facilities and indentures. Failure to comply with these covenants could result in a default. If we were unable to obtain a waiver of a default from the lenders or holders of that indebtedness, as applicable, those lenders or holders could accelerate repayment under that indebtedness. An acceleration could have a material adverse impact on our business, financial condition and results of operations. Lastly, we may be unable to obtain additional leverage, which would, in turn, affect our return on capital.

As of June 30, 2023, we had $1,698.3 million of outstanding indebtedness, which had an annualized interest cost of 7.13% under the terms of our debt, excluding fees (such as fees on undrawn amounts and amortization of upfront fees) and giving effect to the swap-adjusted interest rates on our 2024 Notes and 2026 Notes. As of June 30, 2023, as adjusted to give effect to the interest rate swaps, the interest rate on the 2024 Notes was three-month LIBOR plus 2.28% (on a weighted-average basis), and the interest rate on the 2026 Notes was three-month LIBOR plus 1.91%. On September 25, 2023, the swap-adjusted interest rate on the 2024 Notes and 2026 Notes will transition to three-month SOFR plus 2.54% (on a weighted average basis), and three-month SOFR plus 2.17%, respectively.

For us to cover these annualized interest payments on indebtedness, we must achieve annual returns on our investments of at least 3.9%. Since we generally pay interest at a floating rate on our debt, an increase in interest rates will generally increase our borrowing costs. We expect that our annualized interest cost and returns required to cover interest will increase if we issue additional debt securities.

In order to assist investors in understanding the effects of leverage, the following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. Leverage generally magnifies the return of stockholders when the portfolio return is positive and magnifies their losses when the portfolio return is negative. Actual returns may be greater or less than those appearing in the table. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing below.

Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of June 30, 2023

	Assumed Return on Our Portfolio (net of expenses) (1)
	-10%			-5%			0%			5%			10%
Corresponding return to stockholder (2)		-29.8	%		-19.0	%		-8.3	%		2.5	%		13.2	%

(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 June 30, 2023. As a result, it has not been updated to take into account any changes in assets or leverage since June 30, 2023.

(2)In order to compute the “Corresponding return to stockholder,” the “Assumed Return on Our Portfolio” is multiplied by the total value of our assets at June 30, 2023 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 7.13% by the approximately $1,698.3 million 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 at June 30, 2023 to determine the “Corresponding return to stockholder.”

Our indebtedness could adversely affect our business, financial conditions or results of operations.

We cannot assure you that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under our credit facilities or otherwise in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs. We may need to refinance all or a portion of our indebtedness on or before it matures. We cannot assure you that we will be able to refinance any of our indebtedness on commercially reasonable terms or at all. If we cannot service our indebtedness, we may have to take actions such as selling assets or seeking additional equity. We cannot assure you that any such actions, if necessary, could be effected on commercially reasonable terms or at all, or on terms that would not be disadvantageous to our stockholders or on terms that would not require us to breach the terms and conditions of our existing or future debt agreements.

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Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.

Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser. The Management Fee is calculated as a percentage of the value of our gross assets at a specific time, which would include any borrowings for investment purposes, and may give our Adviser an incentive to use leverage to make additional investments. In addition, the Management Fee is payable regardless of whether the value of our gross assets or your investment have decreased. The use of increased leverage may increase the likelihood of default, which would disfavor holders of our common stock. Given the subjective nature of the investment decisions that our Adviser will make on our behalf, we may not be able to monitor this potential conflict of interest.

The Incentive Fee is calculated as a percentage of pre-Incentive Fee net investment income. Since pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses, it is possible that we may pay an Incentive Fee in a quarter in which we incur a loss. For example, if we receive pre-Incentive Fee net investment income in excess of the quarterly minimum hurdle rate, we will pay the applicable Incentive Fee even if we have incurred a loss in that quarter due to realized and unrealized capital losses. In addition, because the quarterly minimum hurdle rate is calculated based on our net assets, decreases in our net assets due to realized or unrealized capital losses in any given quarter may increase the likelihood that the hurdle rate is reached in that quarter and, as a result, that an Incentive Fee is paid for that quarter. Our net investment income used to calculate this component of the Incentive Fee is also included in the amount of our gross assets used to calculate the Management Fee.

Also, one component of the Incentive Fee is calculated annually based upon our realized capital gains, computed net of realized capital losses and unrealized capital losses on a cumulative basis. As a result, we may owe the Adviser an Incentive Fee during one year as a result of realized capital gains on certain investments, and then incur significant realized capital losses and unrealized capital losses on the remaining investments in our portfolio during subsequent years. Incentive Fees earned in prior years cannot be clawed back even if we later incur losses.

In addition, the Incentive Fee payable by us to the Adviser may create an incentive for the Adviser to make investments on our behalf that are risky or more speculative than would be the case in the absence of such a compensation arrangement. The Adviser receives the Incentive Fee based, in part, upon capital gains realized on our investments. Unlike the portion of the Incentive Fee that is based on income, there is no hurdle rate applicable to the portion of the Incentive Fee based on capital gains. As a result, the Adviser may have an incentive to invest more in companies whose securities are likely to yield capital gains, as compared to income-producing investments. Such a practice could result in our making more speculative investments than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults Upon Senior Securities.

Not applicable.

Item 4. Mine Safety Disclosures.

Not applicable.

Item 5. Other Information.

Rule 10b5-1 Trading Plans

During the three months ended June 30, 2023, none of our directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K.

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Item 6. Exhibits.

(a)Exhibits.

3.1	Second Amended and Restated Bylaws dated July 10, 2023 (incorporated by reference to Exhibit 3.1 to the Company’s Current Report on Form 8-K/A filed on July 17, 2023)
10.1	Fourteenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 12, 2023, among Sixth Street Specialty Lending, Inc. as Borrower, the Lenders party thereto and Truist Bank (as successor by merger to SunTrust Bank), as Administrative Agent
31.1	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	Certification of Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32	Certification of CEO and CFO Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because XBRL tags are embedded within the Inline XBRL document.
101.SCH	Inline XBRL Taxonomy Extension Schema Document
101.CAL	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	SIXTH STREET SPECIALTY LENDING, INC.
Date: August 3, 2023	By:	/s/ Joshua Easterly
		Joshua Easterly
		Chief Executive Officer
Date: August 3, 2023	By:	/s/ Ian Simmonds
		Ian Simmonds
		Chief Financial Officer

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EX-10.1

Exhibit 10.1

EXECUTION COPY

FOURTEENTH AMENDMENT

TO SECOND AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT

THIS FOURTEENTH AMENDMENT TO SECOND AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT, dated as of June 12, 2023 (this “Amendment”), to the Existing Credit Agreement (capitalized terms used herein and not otherwise defined shall have the meanings given to such terms in Article I) is among SIXTH STREET SPECIALTY LENDING, INC., a Delaware corporation (the “Borrower”), the LENDERS and ISSUING BANKS party hereto and TRUIST BANK, as Administrative Agent (the “Administrative Agent”).

W I T N E S S E T H:

WHEREAS, the Borrower, the Lenders party hereto and the Administrative Agent are parties to the Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 27, 2014 (as amended by the First Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 3, 2014, the Second Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of June 27, 2014, the Third Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of October 17, 2014, the Fourth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of October 2, 2015, the Fifth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of December 22, 2016, the Sixth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 20, 2018, the Seventh Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of November 5, 2018, the Eighth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 14, 2019, the Ninth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of January 31, 2020, the Tenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of February 5, 2021, the Eleventh Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of December 14, 2021, the Twelfth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of April 25, 2022, and the Thirteenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement, dated as of May 19, 2022 (the “Existing Credit Agreement”), and by this Amendment and as the same may be further amended, supplemented, amended and restated or otherwise modified from time to time, the “Credit Agreement”); and

WHEREAS, the Borrower has requested that the Lenders agree to amend the Existing Credit Agreement, and the Lenders party hereto are willing, on the terms and subject to the conditions hereinafter set forth, to agree to the amendment set forth below and the other terms hereof;

NOW, THEREFORE, the parties hereto hereby covenant and agree as follows:

ARTICLE I

DEFINITIONS

SECTION 1.1. Certain Definitions. The following terms when used in this Amendment shall have the following meanings (such meanings to be equally applicable to the singular and plural forms thereof):

“Amendment” is defined in the preamble.

“Borrower” is defined in the preamble.

“Credit Agreement” is defined in the first recital.

“Existing Credit Agreement” is defined in the first recital.

“Fourteenth Amendment Effective Date” is defined in Article IV.

SECTION 1.2. Other Definitions. Capitalized terms for which meanings are provided in the Existing Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used in this Amendment with such meanings.

ARTICLE II

JOINDER OF NEW LENDERS

SECTION 2.1. New Lenders. Subject to the occurrence of the Second Amendment Effective Date (as hereinafter defined), each of the parties hereto hereby agrees that each of the Lenders listed on Schedule I hereto (each, a “New Lender” and, collectively, the “New Lenders”) will (and does hereby) become a “Lender” under and for all purposes of the Credit Agreement with Commitments as set forth on Schedule I hereto and hereby agrees to be bound by and comply with all of the terms and provisions of the Credit Agreement applicable to it as a “Lender” thereunder and that it will perform all of the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. Each New Lender represents and warrants that it has full power and authority, and has taken all action necessary, to execute this Amendment and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement.

ARTICLE III

AMENDMENTS TO EXISTING CREDIT AGREEMENT

SECTION 3.1. The parties hereto hereby agree that the Existing Credit Agreement (including the Exhibits thereto but excluding the Schedules thereto) is amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages attached as Exhibit A hereto.

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SECTION 3.2. The parties hereto hereby agree that Schedule 1.01(b) of the Existing Credit Agreement is amended in its entirety in the form of Exhibit B attached hereto.

SECTION 3.3. The parties hereto hereby agree that the Existing Credit Agreement is hereby amended to add a new Schedule 2.04 in the form of Exhibit C attached hereto.

ARTICLE IV

CONDITIONS TO EFFECTIVENESS

SECTION 4.1. Effective Date. This Amendment shall become effective on the date (the “Fourteenth Amendment Effective Date”) when the Administrative Agent shall have received (a) counterparts of this Amendment duly executed and delivered on behalf of the Borrower and each of the Lenders party hereto, (b) a favorable written opinion (addressed to the Administrative Agent and the Lenders party hereto and dated as of the date hereof) of (i) Cleary Gottlieb Steen & Hamilton LLP, New York counsel for the Borrower, and (ii) Young Conaway Stargatt & Taylor, LLP, Delaware counsel for the Borrower, in each case, in form and substance reasonably acceptable to the Administrative Agent (and the Borrower hereby instructs such counsel to deliver such opinions to the Lenders party hereto and the Administrative Agent), (c) such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of this Amendment and any other legal matters relating to the Borrower, this Amendment, all in form and substance satisfactory to the Administrative Agent and its counsel and (d) for the benefit of Administrative Agent and each of the Lenders party hereto, as applicable, fees and expenses owing by the Borrower in connection with this Amendment as of the date hereof.

ARTICLE V

MISCELLANEOUS

SECTION 5.1. Representations. The Borrower hereby represents and warrants that (i) this Amendment constitutes a legal, valid and binding obligation of it, enforceable against it in accordance with its terms, (ii) upon the effectiveness of this Amendment, no Default or Event of Default shall exist and (iii) its representations and warranties as set forth in the Loan Documents, as applicable, are true and correct in all material respects (except those representations and warranties qualified by materiality or by reference to a material adverse effect, which are true and correct in all respects) on and as of the date hereof as though made on and as of the date hereof (unless such representations and warranties specifically refer to a previous day, in which case, they shall be complete and correct in all material respects (or, with respect to such representations or warranties qualified by materiality or by reference to a material adverse effect, complete and correct in all respects) on and as of such previous day).

SECTION 5.2. Cross-References. References in this Amendment to any Article or Section are, unless otherwise specified, to such Article or Section of this Amendment.

SECTION 5.3. Loan Document Pursuant to Existing Credit Agreement. This Amendment is a Loan Document executed pursuant to the Existing Credit Agreement and shall

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(unless otherwise expressly indicated therein) be construed, administered and applied in accordance with all of the terms and provisions of the Existing Credit Agreement, as amended hereby, including Article IX thereof.

SECTION 5.4. Successors and Assigns. The provisions of this Amendment shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

SECTION 5.5. Counterparts. This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. Delivery of an executed counterpart of a signature page of this Amendment by telecopy or electronically (e.g. pdf) shall be effective as delivery of a manually executed counterpart of this Amendment.

SECTION 5.6. Governing Law. This Amendment shall be governed by and construed in accordance with the laws of the State of New York.

SECTION 5.7. Full Force and Effect; Limited Amendment. Except as expressly amended hereby, all of the representations, warranties, terms, covenants, conditions and other provisions of the Existing Credit Agreement and the other Loan Documents shall remain unchanged and shall continue to be, and shall remain, in full force and effect in accordance with their respective terms. This Amendment does not constitute a novation or termination of the Credit Agreement Obligations (as defined in the Guarantee and Security Agreement) under the Credit Agreement as in effect immediately prior to the effectiveness of this Amendment and which remain outstanding. The amendment set forth herein shall be limited precisely as provided for herein to the provisions expressly amended herein and shall not be deemed to be an amendment to, waiver of, consent to or modification of any other terms or provisions of the Existing Credit Agreement or any other Loan Document or of any transaction or further or future action on the part of the Borrower. Upon and after the execution of this Amendment by each of the parties hereto, each reference in the Credit Agreement to “this Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in the other Loan Documents to “the Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as modified hereby.

SECTION 5.8. Reaffirmation. Each of Sixth Street SL Holding, LLC, TC Lending, LLC and Sixth Street SL SPV, LLC hereby consents to the terms of this Amendment, confirms that its Guarantee under the Guarantee and Security Agreement remains unaltered and in full force and effect and hereby reaffirms, ratifies and confirms the terms and conditions of the Guarantee and Security Agreement.

SECTION 5.9. Assignment and Reallocation of Existing Commitments and Existing Loans.

(a) On the Fourteenth Amendment Effective Date, the Borrower shall (A) prepay the outstanding Loans and (B) simultaneously borrow new Loans in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Lender shall be effected by book entry to the extent that any portion of the

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amount prepaid to such Lender will be subsequently borrowed from such Lender, (y) the Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans of each Class are held ratably by the Lenders of such Class in accordance with each Lender’s Applicable Percentage of Commitments and portion of Loans, which, for the purposes of the Credit Agreement and each other Loan Document, will be as set forth opposite such Person’s name on Schedule 1.01(b) to the Credit Agreement and (z) each Lender party hereto hereby agrees that no amounts shall be required to be paid to such Lender under Section 2.15 of the Credit Agreement in connection with the reallocation described in this Section 5.9(a). Concurrently therewith, the Lenders of each Class shall be deemed to have adjusted their participation interests in any outstanding Letters of Credit of such Class so that such interests are held ratably in accordance with their Applicable Percentage of Commitments of such Class.

(b) Each of the Lenders hereby acknowledges and agrees that (i) no Lender nor the Administrative Agent has made any representations or warranties or assumed any responsibility with respect to (A) any statements, warranties or representations made by any Obligor in or in connection with this Amendment, the Credit Agreement or any other Loan Document or, with respect to any Obligor, the execution, legality, validity, enforceability, genuineness or sufficiency of this Amendment, the Credit Agreement or any other Loan Document or (B) the financial condition of any Obligor or the performance by any Obligor of its obligations hereunder or under the Credit Agreement or any other Loan Document; (ii) it has received such information as it has deemed appropriate to make its own credit analysis and decision to enter into this Amendment; and (iii) it has made and continues to make its own credit decisions in taking or not taking action under the Loan Documents, independently and without reliance upon the Administrative Agent or any other Lender.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

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IN WITNESS WHEREOF, the parties hereto have executed and delivered this Amendment as of the date first above written.

BORROWER: SIXTH STREET SPECIALTY LENDING, INC.

By: /s/ Ian Simmonds
Name: Ian SimmondsTitle: Chief Financial Officer

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

LENDERS: TRUIST BANK,as Administrative Agent, Swingline Lender, Issuing Bank and as a Lender

By: /s/ Hays Wood
Name: Hays WoodTitle: Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

JPMORGAN CHASE BANK, N.A.,
as Issuing Bank and as a Lender

By: /s/ Alevtina Dudyreva
Name: Alevtina DudyrevaTitle: Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

MUFG BANK, LTD., as a Lender

By: /s/ Jorge Campos
Name: Jorge CamposTitle: Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

STATE STREET BANK AND TRUST COMPANY, as a Lender

By: /s/ John Doherty
Name: John DohertyTitle: Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

SUMITOMO MITSUI BANKING CORPORATION, as a Lender

By: /s/ Shane Klein
Name: Shane KleinTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

BANK OF AMERICA, N.A., as a Lender

By: /s/ Sidhima Daruka
Name: Sidhima DarukaTitle: Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH,as a Lender

By: /s/ Huacheng Lin
Name: Huacheng LinTitle: AVP

By: /s/ Charles Inkeles
Name: Charles InkelesTitle: Executive Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

MIZUHO BANK, LTD., as a Lender

By: /s/ Donna DeMagistris
Name: Donna DeMagistrisTitle: Executive Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

WELLS FARGO BANK, NATIONAL ASSOCIATION, as a Lender

By: /s/ Michael Kusner
Name: Michael KusnerTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

HSBC BANK USA, N.A., as a Lender

By: /s/ Johann Matthai
Name: Johann MatthaiTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

CITIBANK, N.A., as a Lender

By: /s/ Patrick Marsh
Name: Patrick MarshTitle: Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

CIT FINANCE LLC, as a Lender

By: /s/ Robert L. Klein
Name: Robert L. KleinTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

GOLDMAN SACHS BANK USA, as a Lender

By: /s/ William E. Briggs IV
Name: William E. Briggs IVTitle: Authorized Signatory

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

MORGAN STANLEY BANK, N.A., as a Lender

By: /s/ Michael King
Name: Michael KingTitle: Authorized Signatory

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

APPLE BANK FOR SAVINGS, as a Lender

By: /s/ Burt Feinberg
Name: Burt FeinbergTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

ROYAL BANK OF CANADA, as a Lender

By: /s/ Alex Figueroa
Name: Alex FigueroaTitle: Authorized Signatory

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

COMERICA BANK, as a Lender

By: /s/ Robert Wilson
Name: Robert WilsonTitle: Senior Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

STIFEL BANK & TRUST, as a Lender

By: /s/ Joseph L. Sooter, Jr.
Name: Joseph L. Sooter, Jr.Title: Senior Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

SANTANDER BANK, N.A., as a Lender

By: /s/ Vikas Jhaveri
Name: Vikas JhaveriTitle: Senior Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

INVESTORS BANK, as a Lender

By: /s/ John F. Carlin
Name: John F. CarlinTitle: Managing Director

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

BANKUNITED, N.A., as a Lender

By: /s/ Craig Kincade
Name: Craig KincadeTitle: Senior Vice President

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

Agreed and acknowledged solely with respect to Section 5.8.

TC LENDING, LLC

By: /s/ Ian Simmonds
Name: Ian SimmondsTitle: Chief Financial Officer

SIXTH STREET SL HOLDING, LLC

By: /s/ Ian Simmonds
Name: Ian SimmondsTitle: Chief Financial Officer

SIXTH STREET SL SPV, LLC

By: /s/ Ian Simmonds
Name: Ian SimmondsTitle: Chief Financial Officer

SIGNATURE PAGE TO FOURTEENTH AMENDMENT

Exhibit A

[Attached.]

Exhibit B

[Attached.]

Exhibit A to Fourteenth Amendment, dated as of June 12, 2023

Exhibit C

[Attached.]

SECOND AMENDED AND RESTATED
SENIOR SECURED
REVOLVING CREDIT AGREEMENT

dated as of

February 27, 2014

as amended by the First Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of June 3, 2014, the Second Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of June 27, 2014, the Third Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of October 17, 2014, the Fourth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of October 2, 2015, the Fifth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of December 22, 2016, the Sixth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of February 20, 2018, the Seventh Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of November 5, 2018, the Eighth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of February 14, 2019, the Ninth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of January 31, 2020, the Tenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of February 5, 2021, the Eleventh Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of December 14, 2021, the Twelfth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of April 25, 2022, the Thirteenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of May 19, 2022, and the

753176866 11299570

Fourteenth Amendment to Second Amended and Restated Senior Secured Revolving Credit Agreement dated as of June 12, 2023

among

SIXTH STREET SPECIALTY LENDING, INC.

as Borrower

The LENDERS Party Hereto

and

TRUIST BANK
as Administrative Agent

JPMORGAN CHASE BANK, N.A.
as Syndication Agent

$1,710,000,000
__________________

TRUIST SECURITIES, INC.

JPMorgan Chase Bank, N.A.
as Joint Lead Arrangers and Joint Book Runners

MUFG BANK, LTD.

SUMITOMO MITSUI BANKING CORPORATION

STATE STREET BANK AND TRUST COMPANY

as Joint Lead Arrangers

753176866 11299570

Table of Contents

Page

ARTICLE I DEFINITIONS

SECTION 1.01. Defined Terms 2

SECTION 1.02. Classification of Loans and Borrowings 48

SECTION 1.03. Terms Generally 48

SECTION 1.04. Accounting Terms; GAAP 49

SECTION 1.05. Currencies; Currency Equivalents. 49

SECTION 1.06. Rates 50

ARTICLE II THE CREDITS

SECTION 2.01. The Commitments 51

SECTION 2.02. Loans and Borrowings. 51

SECTION 2.03. Requests for Syndicated Borrowings. 52

SECTION 2.04. Swingline Loans. 54

SECTION 2.05. Letters of Credit. 56

SECTION 2.06. Funding of Borrowings. 61

SECTION 2.07. Interest Elections. 61

SECTION 2.08. Termination, Reduction or Increase of the Commitments. 63

SECTION 2.09. Repayment of Loans; Evidence of Debt. 66

SECTION 2.10. Prepayment of Loans. 68

SECTION 2.11. Fees. 71

SECTION 2.12. Interest. 73

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Table of Contents

(continued)

Page

SECTION 2.13. Inability to Determine Interest Rates. 74

SECTION 2.14. Increased Costs. 75

SECTION 2.15. Break Funding Payments 77

SECTION 2.16. Taxes. 77

SECTION 2.17. Payments Generally; Pro Rata Treatment: Sharing of Set-offs. 81

SECTION 2.18. Mitigation Obligations; Replacement of Lenders. 83

SECTION 2.19. Defaulting Lenders. 84

SECTION 2.20. Reallocation Following a Non-Extended Commitment Termination Date 88

SECTION 2.21. Effect of Benchmark Transition Event 89

ARTICLE III REPRESENTATIONS AND WARRANTIES

SECTION 3.01. Organization; Powers 92

SECTION 3.02. Authorization; Enforceability 92

SECTION 3.03. Governmental Approvals; No Conflicts 92

SECTION 3.04. Financial Condition; No Material Adverse Change. 93

SECTION 3.05. Litigation 93

SECTION 3.06. Compliance with Laws and Agreements 93

SECTION 3.07. Taxes 93

SECTION 3.08. ERISA 94

SECTION 3.09. Disclosure 94

SECTION 3.10. Investment Company Act; Margin Regulations. 94

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Table of Contents

(continued)

Page

SECTION 3.11. Material Agreements and Liens. 94

SECTION 3.12. Subsidiaries and Investments. 95

SECTION 3.13. Properties. 95

SECTION 3.14. Affiliate Agreements 95

SECTION 3.15. Sanctions 95

SECTION 3.16. Patriot Act 96

SECTION 3.17. Collateral Documents 96

SECTION 3.18. EEA Financial Institutions 96

ARTICLE IV CONDITIONS

SECTION 4.01. Effective Date 97

SECTION 4.02. Each Credit Event 97

ARTICLE V AFFIRMATIVE COVENANTS

SECTION 5.01. Financial Statements and Other Information 98

SECTION 5.02. Notices of Material Events 100

SECTION 5.03. Existence: Conduct of Business 101

SECTION 5.04. Payment of Obligations 101

SECTION 5.05. Maintenance of Properties; Insurance 101

SECTION 5.06. Books and Records; Inspection and Audit Rights 101

SECTION 5.07. Compliance with Laws 101

SECTION 5.08. Certain Obligations Respecting Subsidiaries; Further Assurances. 102

SECTION 5.09. Use of Proceeds 103

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Table of Contents

(continued)

Page

SECTION 5.10. Status of RIC and BDC 103

SECTION 5.11. Investment Policies 103

SECTION 5.12. Portfolio Valuation and Diversification Etc. 103

SECTION 5.13. Calculation of Borrowing Base. 107

ARTICLE VI NEGATIVE COVENANTS

SECTION 6.01. Indebtedness 112

SECTION 6.02. Liens 113

SECTION 6.03. Fundamental Changes 114

SECTION 6.04. Investments 116

SECTION 6.05. Restricted Payments 116

SECTION 6.06. Certain Restrictions on Subsidiaries 117

SECTION 6.07. Certain Financial Covenants 118

SECTION 6.08. Transactions with Affiliates 118

SECTION 6.09. Lines of Business 118

SECTION 6.10. No Further Negative Pledge 118

SECTION 6.11. Modifications of Longer-Term Indebtedness Documents 119

SECTION 6.12. Payments of Longer-Term Indebtedness, the 2024 Notes and the 2026 Notes 119

SECTION 6.13. Accounting Changes 120

SECTION 6.14. SBIC Guarantee 120

ARTICLE VII EVENTS OF DEFAULT

ARTICLE VIII THE ADMINISTRATIVE AGENT

SECTION 8.01. Appointment of the Administrative Agent 124

SECTION 8.02. Capacity as Lender 125

SECTION 8.03. Limitation of Duties; Exculpation 125

SECTION 8.04. Reliance 125

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Table of Contents

(continued)

Page

SECTION 8.05. Sub-Agents 125

SECTION 8.06. Resignation; Successor Administrative Agent 126

SECTION 8.07. Reliance by Lenders 126

SECTION 8.08. Modifications to Loan Documents 127

SECTION 8.09. Erroneous Payments. 127

ARTICLE IX MISCELLANEOUS

SECTION 9.01. Notices; Electronic Communications. 130

SECTION 9.02. Waivers; Amendments. 133

SECTION 9.03. Expenses; Indemnity; Damage Waiver. 135

SECTION 9.04. Successors and Assigns. 137

SECTION 9.05. Survival 142

SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution. 142

SECTION 9.07. Severability 143

SECTION 9.08. Right of Setoff 143

SECTION 9.09. Governing Law; Jurisdiction; Etc. 143

SECTION 9.10. WAIVER OF JURY TRIAL 144

SECTION 9.11. Judgment Currency 144

SECTION 9.12. Headings 145

SECTION 9.13. Treatment of Certain Information; No Fiduciary Duty; Confidentiality. 145

SECTION 9.14. USA PATRIOT Act 147

SECTION 9.15. Effect of Amendment and Restatement of the Existing Credit Agreement 147

SECTION 9.16. [Reserved] 147

SECTION 9.17. Acknowledgement and Consent to Bail-In of Affected Financial Institutions 147

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Table of Contents

(continued)

Page

SECTION 9.18. Certain ERISA Matters 148

SECTION 9.19. Acknowledgement Regarding Any Supported QFCs 149

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SCHEDULE 1.01(a) - Approved Dealers and Approved Pricing Services

SCHEDULE 1.01(b) - Commitments

SCHEDULE 1.01(c) - Industry Classification Group List

SCHEDULE 2.04 - Swingline Lender Swingline Sublimit

SCHEDULE 2.05 - Issuing Bank LC Exposure

SCHEDULE 3.11 - Material Agreements and Liens

SCHEDULE 3.12(a) - Subsidiaries

SCHEDULE 3.12(b) - Investments

SCHEDULE 6.08 - Transactions with Affiliates

EXHIBIT A - Form of Assignment and Assumption

EXHIBIT B - Form of Borrowing Base Certificate

EXHIBIT C - Form of Borrowing Request

753176866 11299570

SECOND AMENDED AND RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT dated as of February 27, 2014, as amended as of June 3, 2014, as of June 27, 2014, as of October 17, 2014, as of October 2, 2015, as of December 22, 2016, as of February 20, 2018, as of November 5, 2018, as of February 14, 2019, as of January 31, 2020, February 5, 2021, December 14, 2021, April 25, 2022, May 19, 2022, and June 12, 2023 (this “Agreement”), among SIXTH STREET SPECIALTY LENDING, INC. (F/K/A TPG Specialty Lending, Inc.), a Delaware corporation (the “Borrower”), the LENDERS party hereto, and TRUIST BANK, as Administrative Agent.

The original Senior Secured Revolving Credit Agreement was dated as of August 23, 2012 and was amended and restated pursuant to the Amended and Restated Senior Secured Revolving Credit Agreement dated as of July 2, 2013 (as amended, supplemented or otherwise modified prior to the Effective Date, the “Existing Credit Agreement”), among the Borrower, the lenders party thereto (collectively, the “Existing Lenders”) and the Administrative Agent, the Existing Lenders agreed to make extensions of credit to the Borrower on the terms and conditions set forth therein, including making loans (the “Existing Loans”) to the Borrower.

The Borrower has requested that the Existing Credit Agreement be amended and restated in its entirety to become effective and binding on the Borrower pursuant to the terms of this Agreement, and the Lenders (including certain of the Existing Lenders) have agreed (subject to the terms of this Agreement) to amend and restate the Existing Credit Agreement in its entirety to read as set forth in this Agreement, and it has been agreed by the parties to the Existing Credit Agreement that (a) the commitments which the Existing Lenders have agreed to extend to the Borrower under the Existing Credit Agreement shall be extended or advanced upon the amended and restated terms and conditions contained in this Agreement; and (b) the Existing Loans and other obligations outstanding under the Existing Credit Agreement shall be governed by and deemed to be outstanding under the amended and restated terms and conditions contained in this Agreement on and after the date hereof, with the intent that the terms of this Agreement shall supersede the terms of the Existing Credit Agreement (each of which shall hereafter have no further effect upon the parties thereto, other than for accrued and unpaid fees and expenses, and indemnification provisions accrued and owing, under the terms of the Existing Credit Agreement on or prior to the Effective Date or arising (in the case of indemnification) under the terms of the Existing Credit Agreement).

The parties hereto hereby agree to amend and restate the Existing Credit Agreement, and the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

ARTICLE IDEFINITIONS

SECTION 1.01.Defined Terms. As used in this Agreement, the following terms have the meanings specified below:

“2024 Notes” means the Borrower’s $350,000,000 aggregate principal amount notes due November 2024.

“2026 Notes” means the Borrower’s $300,000,000 aggregate principal amount notes due August 2026.

“ABR”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, denominated in Dollars and bearing interest at a rate determined by reference to the Alternate Base Rate.

“Adjusted Covered Debt Balance” means, on any date, the aggregate Covered Debt Amount on such date minus the aggregate amount of Cash and Cash Equivalents included in the Portfolio Investments held by the Obligors (provided that Cash Collateral for outstanding Letters of Credit shall not be treated as a portion of the Portfolio Investments).

“Adjusted Term Benchmark Rate” means an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the Term Benchmark Rate for such Interest Period for such Currency.

“Administrative Agent” means Truist, in its capacity as administrative agent for the Lenders hereunder.

“Administrative Agent’s Account” means, for each Currency, an account in respect of such Currency designated by the Administrative Agent in a notice to the Borrower and the Lenders.

“Administrative Agent Appraisal Testing Period” has the meaning assigned to such term in Section 5.12(b)(ii)(E)(y).

“Administrative Questionnaire” means an administrative questionnaire in a form supplied by the Administrative Agent.

“Advance Rate” has the meaning assigned to such term in Section 5.13.

“Affected Currency” has the meaning assigned to such term in Section 2.13.

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.

“Affiliate” means, with respect to a specified Person at any time, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified at such time. Anything herein to the contrary notwithstanding, the term “Affiliate” shall not include any Person that constitutes an Investment held by any Obligor or Financing Subsidiary in the ordinary course of business; provided that the term “Affiliate” shall include any Financing Subsidiary.

“Affiliate Agreements” means collectively, (a) the Administration Agreement dated as of March 15, 2011 between the Borrower and the External Manager, (b) the Amended and Restated Investment Advisory and Management Agreement dated as of December 12, 2011 between the Borrower and the External Manager and (c) the License Agreement dated as of March 14, 2011 between the Borrower and Tarrant Capital IP, LLC.

“Agreed Foreign Currency” means, at any time, (i) any of Canadian Dollars, Sterling, Euros, Japanese Yen, Australian Dollars, Swiss Francs, Swedish Krona and New Zealand Dollars, and (ii) with the agreement of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such specified Foreign Currency or other Foreign Currency, at such time (a) such Foreign Currency is freely transferable and convertible into Dollars in the relevant local market, and (b) no central bank or other governmental authorization in the country of issue of such Foreign Currency (including, in the case of the Euro, any authorization by the European Central Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization has been obtained and is in full force and effect.

“Agreement” has the meaning assigned to such term in the preamble to this Agreement.

“Alternate Base Rate” means, for any day, a rate per annum equal to the greater of (a) zero and (b) the highest of (i) the Prime Rate in effect on such day, (ii) the Federal Funds Effective Rate for such day plus 1/2 of 1% and (iii) the rate per annum equal to 1% plus Term SOFR for an interest period of one (1) month for such day. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR (or successor therefor) as set forth above shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or Term SOFR (or successor thereof), respectively.

“Applicable Dollar Percentage” means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments represented by such Dollar Lender’s Dollar Commitment. If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentages shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any assignments; provided that, for the avoidance of doubt, on and after the Non-Extended Commitment Termination Date for any Non-Extending Lender, the Applicable Dollar Percentage of such Non-Extending Lender that is a Dollar Lender shall be 0%.

“Applicable Financial Statements” means, as at any date, the most-recent audited financial statements of the Borrower delivered to the Lenders; provided that if immediately prior to the delivery to the Lenders of new audited financial statements of the Borrower a Material Adverse Change (the “Pre-existing MAC”) shall exist (regardless of when it occurred), then the “Applicable Financial Statements” as at said date means the Applicable Financial Statements in effect immediately prior to such delivery until such time as the Pre-existing MAC shall no longer exist.

“Applicable Multicurrency Percentage” means, with respect to any Multicurrency Lender, the percentage of the total Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment. If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentages shall be determined based upon the Multicurrency Commitments most recently in effect, giving effect to any assignments; provided that, for the avoidance of doubt, on and after the Non-Extended Commitment

Termination Date for any Non-Extending Lender, the Applicable Multicurrency Percentage of such Non-Extending Lender that is a Multicurrency Lender shall be 0%.

“Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such Lender’s Commitment. If the Commitments have terminated or expired, the Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments; provided that, for the avoidance of doubt, on and after the Non-Extended Commitment Termination Date for any Non-Extending Lender, the Applicable Percentage of such Non-Extending Lender shall be 0%.

“Approved Dealer” means (a) in the case of any Portfolio Investment that is not a U.S. Government Security, a bank or a broker-dealer registered under the Securities Exchange Act of 1934, as amended, of nationally recognized standing or an Affiliate thereof, (b) in the case of a U.S. Government Security, any primary dealer in U.S. Government Securities, and (c) in the case of any foreign Portfolio Investment, any foreign bank or broker-dealer of internationally recognized standing or an Affiliate thereof, in the case of each of clauses (a), (b) and (c) above, as set forth on Schedule 1.01(a) or any other bank or broker-dealer or Affiliate thereof acceptable to the Administrative Agent in its reasonable determination.

“Approved Pricing Service” means a pricing or quotation service as set forth in Schedule 1.01(a) or any other pricing or quotation service approved by the Board of Directors of the Borrower and designated in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such pricing or quotation service has been approved by the Borrower).

“Approved Third-Party Appraiser” means any Independent nationally recognized third-party appraisal firm (a) designated by the Borrower in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Borrower that such firm has been approved by the Borrower for purposes of assisting the Board of Directors of the Borrower in making valuations of portfolio assets to determine the Borrower’s compliance with the applicable provisions of the Investment Company Act) and (b) acceptable to the Administrative Agent. It is understood and agreed that Houlihan Lokey Howard & Zukin Capital, Inc., Duff & Phelps LLC, Murray, Devine and Company, Lincoln International LLC (formerly known as Lincoln Partners LLC) and Valuation Research Corporation are acceptable to the Administrative Agent. As used in Section 5.12 hereof, an “Approved Third-Party Appraiser selected by the Administrative Agent” shall mean any of the firms identified in the preceding sentence and any other Independent nationally recognized third-party appraisal firm identified by the Administrative Agent and consented to by the Borrower (such consent not to be unreasonably withheld).

“Assignment and Assumption” means an Assignment and Assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04), and accepted by the Administrative Agent, in the form of Exhibit A (with adjustments thereto to reflect the Classes of Commitments and/or Loans being assigned or outstanding at the time of the respective assignment) or any other form approved by the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower.

“Assuming Lender” has the meaning assigned to such term in Section 2.08(e)(i).

“ASU” has the meaning assigned to such term in Section 1.04.

“Australian Dollars” means the lawful currency of The Commonwealth of Australia.

“Availability Period” means (a) in the case of any Extending Lender (with respect to such Extending Lender’s Extended Loans), the Extended Availability Period or (b) in the case of any Non-Extending Lender (with respect to such Non-Extending Lender’s Non-Extended Loans), the Non-Extended Availability Period for such Non-Extending Lender, as applicable.

“Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark for any Currency, as applicable, (x) if such Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an interest period pursuant to this Agreement or (y) otherwise, any payment period for interest calculated with reference to such Benchmark (or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to such Benchmark pursuant to this Agreement, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.21(d).

“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of an Affected Financial Institution.

“Bail-In Legislation” means (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law, regulation, rule or requirement for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings).

“Base Rate Term SOFR Determination Day” has the meaning set forth in the definition of “Term SOFR”.

“Benchmark” means, initially, with respect to any Loans denominated in (a) Dollars, the Term SOFR Reference Rate, (b) Sterling or Swiss Francs, the Daily Simple RFR for such Currency, and (c) any other Agreed Foreign Currency, the Adjusted Term Benchmark Rate for such Currency; provided that if a Benchmark Transition Event or an Other Benchmark Rate Election and its related Benchmark Replacement Date have occurred with respect to the Term SOFR Reference Rate, the Daily Simple RFR or the Adjusted Term Benchmark Rate for such Currency or the then current Benchmark, as applicable, then “Benchmark” shall mean the applicable Benchmark Replacement for such Currency to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (a) of Section 2.21.

“Benchmark Replacement” means, with respect to any Benchmark Transition Event for any then-current Benchmark or Other Benchmark Rate Election, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, other than in the case of the replacement of the Term SOFR Reference Rate, but including in connection with any Other Benchmark Rate Election, such alternative shall be the alternative set forth in clause (2) below:

(1) the sum of (i) Daily Simple SOFR and (ii) 0.10%; and

(2) the sum of: (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Currency giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated credit facilities denominated in the applicable Currency and (b) the related Benchmark Replacement Adjustment.

If the Benchmark Replacement as determined pursuant to clause (1) or (2) of this definition would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark for a Currency with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any such setting of such Unadjusted Benchmark Replacement (excluding, for the avoidance of doubt, Daily Simple SOFR), the spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower for such Currency giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Currency in the U.S. syndicated loan market at such time.

“Benchmark Replacement Date” means a date and time determined by the Administrative Agent, which date shall be no later than the earliest to occur of the following events with respect to the then-current Benchmark:

(1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of

(a) the date of the public statement or publication of information referenced therein; and

(b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof);

(2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by or on behalf of the administrator of such Benchmark (or such component thereof) or the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be non-representative; provided that such non-representativeness will be determined by reference to the most recent statement or publication referenced in such clause (3) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date; or

(3) in the case of an Other Benchmark Rate Election, the fifth (5th) Business Day after the date notice of such Other Benchmark Rate Election is provided to the Lenders, so long as the Administrative Agent has not received, by such time, written notice of objection to such Other Benchmark Rate Election, as applicable, from Lenders comprising the Required Lenders.

For the avoidance of doubt, the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) of this definition with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).

“Benchmark Transition Event” means, with respect to any then-current Benchmark, the occurrence of one or more of the following events with respect to such Benchmark:

(1) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the Board or the Federal Reserve Bank of New York, as applicable, the central bank for the Currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component thereof), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component thereof) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component thereof), which states that the administrator of such Benchmark (or such component thereof) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

(3) a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) or the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are not, or as of a specified future date will not be, representative.

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).

“Benchmark Unavailability Period” means, with respect to any then-current Benchmark, the period (if any) (x) beginning at the time that a Benchmark Replacement Date has occurred with respect to such Benchmark if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 2.21 and (y) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 2.21.

“Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

“Board” means the Board of Governors of the Federal Reserve System of the United States of America (or any successor thereof).

“Borrower” has the meaning assigned to such term in the preamble to this Agreement.

“Borrower Asset Coverage Ratio” means the ratio, determined for the Obligors, without duplication, of (a) (i) Total Assets minus (ii) Total Assets Concentration Limitation to (b) Total Secured Debt.

“Borrowing” means (a) all Syndicated ABR Loans of the same Class made, converted or continued on the same date, (b) all Term Benchmark Loans of the same Class denominated in the same Currency that have the same Interest Period, (c) all RFR Loans of the same Class and Type denominated in the same Currency that have the same Interest Period or (d) a Swingline Loan.

“Borrowing Base” has the meaning assigned to such term in Section 5.13.

“Borrowing Base Certificate” means a certificate of a Financial Officer of the Borrower, substantially in the form of Exhibit B (or such other form as shall be reasonably satisfactory to the Administrative Agent) and appropriately completed.

“Borrowing Base Deficiency” means, at any date on which the same is determined, the amount, if any, that (a) the aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

“Borrowing Request” means a request by the Borrower for a Syndicated Borrowing in accordance with Section 2.03, which, if in writing, shall be substantially in the form of Exhibit C.

“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed, provided that (a) when used in relation to Term Benchmark Loans or any interest rate settings, fundings, disbursements, settlements or payments of any such Term Benchmark Loan, or any other dealings in the applicable Currency of such Term Benchmark Loan, the term “Business Day” shall also exclude any day that is not a Term Benchmark Banking Day for such Currency and (b) when used in relation to RFR Loans or any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings in the applicable Currency of such RFR Loan, the term “Business Day” shall also exclude any day that is not a RFR Business Day for such Currency.

“Calculation Amount” shall mean, as of the end of any Testing Period, an amount equal to the greater of: (a) (i) 125% of the Adjusted Covered Debt Balance (as of the end of such Testing Period) minus (ii) the aggregate Value of all Quoted Investments included in the Borrowing Base (as of the end of such Testing Period) and (b) 10% of the aggregate Value of all Unquoted Investments included in the Borrowing Base (as of the end of such Testing Period); provided that in no event shall more than 25% (or, if clause (b) applies, 10%, or as near thereto as reasonably practicable) of the aggregate Value of the Unquoted Investments in the Borrowing Base be tested in respect of any applicable Testing Period.

“CAM Exchange” means the exchange of the Lenders’ interests provided for in Article VII.

“CAM Exchange Date” means the date on which any Event of Default referred to in clause (j) of Article VII shall occur or the date on which the Borrower receives written notice from the Administrative Agent that any Event of Default referred to in clause (i) of Article VII has occurred.

“CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

“Canadian Dollars” means the single currency of Canada.

“Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and

accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP.

“Cash” means any immediately available funds in Dollars or in any currency other than Dollars (measured in terms of the Dollar Equivalent thereof) which is a freely convertible currency.

“Cash Collateralize” means, in respect of a Letter of Credit or any obligation hereunder, to provide and pledge cash collateral pursuant to Section 2.05(k), at a location and pursuant to documentation in form and substance reasonably satisfactory to Administrative Agent and each Issuing Bank. “Cash Collateral”, “Cash Collateralized” and “Cash Collateralization” shall have meanings correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

“Cash Equivalents” means investments (other than Cash) that are one or more of the following obligations:

(a) U.S. Government Securities, in each case maturing within one year from the date of acquisition thereof;

(b) investments in commercial paper or other short-term corporate obligations maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, a credit rating of at least A‑1 from S&P and at least P‑1 from Moody’s (or if only one of S&P or Moody’s provides such rating, such investment shall also have an equivalent credit rating from any other rating agency);

(c) investments in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof (i) issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof or under the laws of the jurisdiction or any constituent jurisdiction thereof of any Agreed Foreign Currency; provided that such certificates of deposit, banker’s acceptances and time deposits are held in a securities account (as defined in the Uniform Commercial Code) through which the Collateral Agent can perfect a security interest therein and (ii) having, at such date of acquisition, a credit rating of at least A‑1 from S&P and at least P‑1 from Moody’s (or if only one of S&P or Moody’s provides such rating, such investment shall also have an equivalent credit rating from any other rating agency);

(d) fully collateralized repurchase agreements with a term of not more than 30 days from the date of acquisition thereof for U.S. Government Securities and entered into with (i) a financial institution satisfying the criteria described in clause (c) of this definition or (ii) an Approved Dealer having (or being a member of a consolidated group having) at such date of acquisition, a credit rating of at least A‑1 from S&P and at least P‑1 from Moody’s (or if only one of S&P or Moody’s provides such rating, such investment shall also have an equivalent credit rating from any other rating agency);

(e) investments in money market funds that invest solely, and which are restricted by their respective charters to invest solely, in investments of the type described in the immediately preceding clauses (a) through (d) above (including as to credit quality and maturity);

(f) money market funds that have, at all times, credit ratings of “Aaa” and “MR1+” by Moody’s and “AAAm” or “Aam-G” by S&P, respectively; and

(g) any of the following offered by State Street Bank and Trust Company (or any successor custodian or other entity acting in a similar capacity with respect to the Borrower) (I) money market deposit accounts, (II) eurodollar time deposits, (III) commercial eurodollar sweep services or (IV) open commercial paper services, in each case having, at such date of acquisition, a credit rating at least A-1 from S&P and at least P-1 from Moody’s and maturing not later than 270 days from the date of acquisition thereof;

provided that (i) in no event shall Cash Equivalents include any obligation that provides for the payment of interest alone (for example, interest-only securities or “IOs”); (ii) if any of Moody’s or S&P changes its rating system, then any ratings included in this definition shall be deemed to be an equivalent rating in a successor rating category of Moody’s or S&P, as the case may be; (iii) Cash Equivalents (other than U.S. Government Securities, repurchase agreements or the money market funds described in clause (e) of this definition of Cash Equivalents) shall not include any such investment of more than 10% of total assets of the Borrower and its Subsidiaries in any single issuer; and (iv) in no event shall Cash Equivalents include any obligation that is not denominated in Dollars or an Agreed Foreign Currency.

“Change in Control” means (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning of the Securities Exchange Act of 1934 and the rules of the Securities and Exchange Commission thereunder as in effect on the date hereof) other than TSSP Management Holdings, L.P or any of its Affiliates that are in the business of managing and advising clients, of shares representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding capital stock of the Borrower; (b) occupation of a majority of the seats (other than vacant seats) on the board of directors of the Borrower by Persons who were neither (i) nominated by the requisite members of the board of directors of the Borrower nor (ii) appointed by a majority of the directors so nominated; (c) the acquisition of direct or indirect Control of the Borrower by any Person or group other than TSSP Management Holdings, L.P or any of its Affiliates that are in the business of managing and advising clients; or (d) the External Manager ceases to be Controlled by TSSP Management Holdings, L.P. (or any of its Affiliates).

“Change in Law” means the occurrence, after the date of this Agreement (or with respect to a Person becoming a Lender by assignment or joinder after the date of this Agreement, the effective date thereof), of (a) the adoption of any law, treaty or governmental rule or regulation or any change in any law, treaty or governmental rule or regulation or in the interpretation, administration or application thereof (regardless of whether the underlying law, treaty or governmental rule or regulation was issued or enacted prior to the date hereof (or with respect to a Person becoming a Lender by assignment or joinder after the date of this Agreement, the effective date thereof)), but excluding proposals thereof, or any determination of a court or Governmental

Authority, (b) any guideline, request or directive by any Governmental Authority (whether or not having the force of law) or any implementation rules or interpretations of previously issued guidelines, requests or directives, in each case that is issued or made after the date hereof (or with respect to a Person becoming a Lender by assignment or joinder after the date of this Agreement, the effective date thereof) or (c) compliance by any Lender (or its applicable lending office) or any company controlling such Lender with any guideline, request or directive regarding capital adequacy or liquidity (whether or not having the force of law) of any such Governmental Authority, in each case adopted after the date hereof (or with respect to a Person becoming a Lender by assignment or joinder after the date of this Agreement, the effective date thereof). For the avoidance of doubt, all requests, rules, guidelines or directives concerning liquidity and capital adequacy issued (i) by any United States regulatory authority under or in connection with the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and (ii) by any Governmental Authority in connection with the implementation of the recommendations of the Bank for International Settlements or the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority), in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law”, regardless of the date adopted, issued, promulgated or implemented.

“Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, Syndicated Dollar Loans, Syndicated Multicurrency Loans or Swingline Loans; when used in reference to any Lender’s (i) Class of Commitment, refers to whether such Lender is a Dollar Lender or a Multicurrency Lender and (ii) Class of Final Maturity Date, refers to whether such Lender is an Extending Lender or a Non-Extending Lender; and, when used in reference to any Commitment, refers to whether such Commitment is a Dollar Commitment or a Multicurrency Commitment. The “Class” of a Letter of Credit refers to whether such Letter of Credit is a Dollar Letter of Credit or a Multicurrency Letter of Credit.

“Code” means the Internal Revenue Code of 1986, as amended from time to time.

“Collateral” has the meaning assigned to such term in the Guarantee and Security Agreement.

“Collateral Agent” means Truist in its capacity as Collateral Agent under the Guarantee and Security Agreement, and includes any successor Collateral Agent thereunder.

“Collateral Pool” means, at any time, each Portfolio Investment that has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent and is subject to the Lien of the Guarantee and Security Agreement, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein and in which the Collateral Agent has a first-priority perfected Lien as security for the Secured Obligations (as such term is defined in the Guarantee and Security Agreement) (subject to any Lien permitted by Section 6.02 hereof); provided that in the case of any Portfolio Investment in which the Collateral Agent has a first-priority perfected security interest pursuant to a valid Uniform Commercial Code filing (and for which no other method of perfection with a higher priority is possible), such Portfolio Investment may be included in the Borrowing Base so long as all remaining actions to complete “Delivery” are satisfied in full within seven (7) days of such inclusion.

“Combined Debt Amount” means, as of any date, (i) the aggregate amount of Commitments as of such date (or, if greater, the Revolving Credit Exposures of all Lenders as of such date) plus (ii) the aggregate amount of outstanding Designated Indebtedness (as such term is defined in the Guarantee and Security Agreement) and, without duplication, the aggregate amount of unused commitments under any Designated Indebtedness (as such term is defined in the Guarantee and Security Agreement).

“Commitment Increase” has the meaning assigned to such term in Section 2.08(e)(i).

“Commitment Increase Date” has the meaning assigned to such term in Section 2.08(e)(i).

“Commitment Termination Date” means the Extended Commitment Termination Date or the relevant Non-Extended Commitment Termination Date, as applicable.

“Commitments” means, collectively, the Dollar Commitments and the Multicurrency Commitments.

“Conforming Changes” means with respect to either the use or administration of Term SOFR or the use, administration, adoption or implementation of any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Term Benchmark Rate”, the definition of “Alternate Base Rate”, the definition of “Business Day”, the definition of “Term Benchmark Banking Day”, the definition of “U.S. Government Securities Business Day”, the definition of “Daily Simple RFR”, the definition of “RFR”, the definition of “RFR Business Day”, the definition of “RFR Interest Day”, the definition of “RFR Reference Day”, the definition of “Interest Period” or any similar or analogous definition, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of Section 2.15 and other technical, administrative or operational matters) that the Administrative Agent, after consultation with the Borrower, decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of any such rate or to permit the use and administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of any such rate exists, in such other manner of administration as the Administrative Agent (after consultation with the Borrower) decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

“Consolidated Asset Coverage Ratio” means the ratio, determined on a consolidated basis for Borrower and its Subsidiaries, without duplication, of (a) the value of total assets of the Borrower and its Subsidiaries, less all liabilities and indebtedness not represented by senior securities to (b) the aggregate amount of senior securities representing indebtedness of Borrower and its Subsidiaries (including this Agreement), in each case as determined pursuant to the Investment Company Act and any orders of the Securities and Exchange Commission issued

to or with respect to Borrower thereunder, including any exemptive relief granted by the Securities and Exchange Commission with respect to the indebtedness of any SBIC Subsidiary.

“Consolidated Group” has the meaning assigned to such term in Section 5.13(a).

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlled” has a meaning correlative thereto; provided, however, “Control” shall not include “negative” control or “blocking” rights whereby action cannot be taken without the vote or consent of any Person.

“Covered Debt Amount” means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such date plus (y) the aggregate amount of Other Covered Indebtedness, the 2024 Notes, the 2026 Notes, Special Unsecured Indebtedness and Unsecured Longer-Term Indebtedness on such date minus (z) the LC Exposures fully Cash Collateralized on such date pursuant to Section 2.05(k) and the last paragraph of Section 2.09(a); provided that the 2024 Notes, the 2026 Notes, Special Unsecured Indebtedness and Unsecured Longer-Term Indebtedness shall be excluded from the calculation of the Covered Debt Amount, in each case, until the date that is nine (9) months prior to the scheduled maturity date of the 2024 Notes, the 2026 Notes, Special Unsecured Indebtedness or such Unsecured Longer-Term Indebtedness, as applicable (provided that, to the extent, but only to the extent, any portion of the 2024 Notes, the 2026 Notes, Special Unsecured Indebtedness or Unsecured Longer-Term Indebtedness is subject to a contractually scheduled amortization payment or other principal payment or mandatory redemption earlier than six (6) months after the Final Maturity Date (in the case of the 2024 Notes, the 2026 Notes and Unsecured Longer-Term Indebtedness) or earlier than the original final maturity date of such Indebtedness (in the case of Special Unsecured Indebtedness), such portion of such Indebtedness, to the extent then outstanding, shall be included in the calculation of the Covered Debt Amount beginning upon the date that is the later of (i) nine (9) months prior to such scheduled amortization payment or other principal payment or mandatory redemption and (ii) the date the Borrower becomes aware that such Indebtedness is required to be paid or redeemed).

“Currency” means Dollars or any Foreign Currency.

“Daily Simple RFR” means, for any day (an “RFR Interest Day”), an interest rate per annum equal to (a) for any RFR Loan denominated in Sterling, the greater of (i) SONIA for the day (the “RFR Reference Day”) that is five (5) RFR Business Days prior to (A) if such RFR Interest Day is an RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs and (ii) 0.00%; and (b) for any RFR Loan denominated in Swiss Francs, the greater of (i) SARON for the RFR Reference Day that is five (5) Business Days prior to (A) if such RFR Interest Day is an RFR Business Day, such RFR Interest Day or (B) if such RFR Interest Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Interest Day, in each case, plus the applicable RFR Applicable Credit Adjustment Spread for the Interest Period in which such RFR Interest Day occurs and (ii) 0.00%. If by 5:00 pm (local time for the applicable RFR), on the second RFR Business Day immediately following any RFR Reference Day, the applicable RFR Rate in respect of such RFR Reference Day has not

been published on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has not occurred, then the RFR Rate for such RFR Reference Day will be the RFR Rate as published in respect of the first preceding RFR Business Day for which such RFR Rate was published on the RFR Administrator’s Website; provided that any RFR Rate as determined pursuant to this sentence shall be utilized for purposes of calculating the Daily Simple RFR for no more than three (3) consecutive RFR Interest Days. Any change in Daily Simple RFR due to a change in the applicable RFR Rate shall be effective from and including the effective date of such change in such RFR Rate without notice to the Borrower.

“Daily Simple SOFR” means, for any day (a “Daily Simple SOFR Interest Day”) the greater of (i) SOFR for the day that is five (5) Business Days prior to (A) if such Daily Simple SOFR Interest Day is a Business Day, such Daily Simple SOFR Interest Day, (B) if such Daily Simple SOFR Interest Day is not a Business Day, the Business Day immediately preceding such Daily Simple SOFR Interest Day and (ii) 0.00%.

“Default” means any event or condition which constitutes an Event of Default or which upon notice, lapse of time or both would, unless cured or waived, become an Event of Default.

“Defaulting Lender” means, subject to Section 2.19(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans or participations in Letters of Credit or Swingline Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s reasonable determination that one or more conditions precedent to funding (each of which conditions precedent, together with the applicable default, if any, shall be specifically identified in detail in such writing) has not been satisfied or has not otherwise been waived in accordance with the terms of this Agreement, or (ii) pay to the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Bank or any Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s reasonable determination that a condition precedent to funding (which condition precedent, together with the applicable default, if any, shall be specifically identified in detail in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by Administrative Agent and Borrower), or (d) Administrative Agent has received notification that such Lender has become, or has a direct or indirect parent company that is, (i) insolvent, or is generally unable to pay its debts as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the benefit of its creditors, (ii) other than via an Undisclosed Administration, the subject of a bankruptcy, insolvency, reorganization, liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or

the like has been appointed for such Lender or its direct or indirect parent company, or such Lender or its direct or indirect parent company has taken any action in furtherance of or indicating its consent to or acquiescence in any such proceeding or appointment or (iii) the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority or instrumentality so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.19(b)) upon such determination (and the Administrative Agent shall deliver written notice of such determination to the Borrower, each Issuing Bank and each Lender and each Swingline Lender).

“Designated Obligations” means all obligations of the Borrower with respect to (a) principal of and interest on the Loans and (b) accrued and unpaid fees under the Loan Documents.

“Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith; provided that the term “Disposition” or “Dispose” shall not include the disposition of Investments originated by the Borrower and immediately transferred to a Financing Subsidiary pursuant to a transaction not prohibited hereunder.

“Dollar Commitment” means, with respect to each Dollar Lender during such Dollar Lender’s Availability Period, the commitment of such Dollar Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Dollar Commitment is, as of the Fourteenth Amendment Effective Date, set forth on Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable. The aggregate amount of the Lenders’ Dollar Commitments as of the Fourteenth Amendment Effective Date is $560,000,000.

“Dollar Equivalent” means, on any date of determination, with respect to an amount denominated in any Foreign Currency, the amount of Dollars that would be required to purchase such amount of such Foreign Currency on the date two (2) Business Days prior to such date, based upon the spot selling rate at which the Administrative Agent offers to sell such Foreign Currency for Dollars in the Principal Financial Center for such Foreign Currency at approximately 11:00 a.m., local time in such Principal Financial Center, for delivery two (2) Business Days later.

“Dollar LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Dollar Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Dollar LC Exposure of any Lender at any time shall be its Applicable Dollar Percentage of the total Dollar LC Exposure at such time.

“Dollar Lender” means the Persons listed on Schedule 1.01(b) as having Dollar Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Dollar Commitment or to acquire Revolving Dollar Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

“Dollar Letters of Credit” means Letters of Credit that utilize the Dollar Commitments.

“Dollar Loan” means a Loan denominated in Dollars.

“Dollars” or “$” refers to lawful money of the United States of America.

“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.

“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway.

“EEA Resolution Authority” means any public administrative authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.

“Effective Date” means the date on which the conditions specified in Section 4.01 are satisfied (or waived in accordance with Section 9.02), which date is February 27, 2014.

“Equity Interests” means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests or equivalents (however designated, including any instrument treated as equity for U.S. federal income tax purposes) in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time.

“ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code,

or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the Code.

“ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30-day notice period is waived); (b) any failure by any Plan to satisfy the minimum funding standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Borrower or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Borrower or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within the meaning of Title IV of ERISA.

“Erroneous Payment” has the meaning assigned to it in Section 8.09(a).

“Erroneous Payment Deficiency Assignment” has the meaning assigned to it in Section 8.09(d).

“Erroneous Payment Impacted Class” has the meaning assigned to it in Section 8.09(d).

“Erroneous Payment Return Deficiency” has the meaning assigned to it in Section 8.09(d).

“Erroneous Payment Subrogation Rights” has the meaning assigned to it in Section 8.09(d).

“EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor person), as in effect from time to time.

“EURIBOR Screen Rate” has the meaning set forth in the definition of “Term Benchmark Rate”.

“Euro” means a single currency of the Participating Member States.

“Event of Default” has the meaning assigned to such term in Article VII.

“Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of the Borrower hereunder, (a) Taxes imposed on (or measured by) its net income

(however denominated), net profits, franchise Taxes and branch profits or any similar Taxes, in each case, (i) imposed by the United States of America (or any state or political subdivision thereof), or by the jurisdiction (or any political subdivision thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located or (ii) any Taxes imposed by any jurisdiction by reason of the recipient having any present or former connection with such jurisdiction (other than a connection arising solely from entering into, receiving any payment under or enforcing its rights under this Agreement or any other Loan Document or selling or assigning an interest in any Loan or Loan Document), (b) in the case of a Lender, any Taxes that are U.S. withholding taxes imposed on amounts payable to such Lender (i) at the time such Lender (other than an assignee pursuant to a request by the Borrower under Section 2.18(b)) becomes a party to this Agreement or designates a new lending office, except to the extent that such Lender’s assignor or such Lender was entitled to receive additional amounts from the Borrower with respect to such withholding tax pursuant to Section 2.16, at the time of such assignment or designation (other than to the extent such withholding is as a result of a CAM Exchange), or (ii) that is attributable to such Lender’s failure or inability to comply with Section 2.16(f), (c) any U.S. federal, state or local backup withholding Taxes imposed on payments made under any Loan Document, and (d) any Taxes that are imposed under FATCA.

“Existing Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement.

“Existing Lenders” has the meaning assigned to such term in the recitals to this Agreement.

“Existing Loans” has the meaning assigned to such term in the recitals to this Agreement.

“Extended Applicable Margin” means, with respect to any Extending Lender: (a) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.60 times the Combined Debt Amount, (i) with respect to any ABR Loan, 0.75% per annum; (ii) with respect to any Term Benchmark Loan, 1.75% per annum; and (iii) with respect to any RFR Loan 1.75% per annum; and (b) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.60 times the Combined Debt Amount (i) with respect to any ABR Loan, 0.875% per annum; (ii) with respect to any Term Benchmark Loan, 1.875% per annum; and (iii) with respect to any RFR Loan 1.875% per annum. Any change in the Extended Applicable Margin due to a change in the ratio of the Borrowing Base to the Combined Debt Amount as set forth in any Borrowing Base Certificate shall be effective from and including the day immediately succeeding the date of delivery of such Borrowing Base Certificate; provided that if any Borrowing Base Certificate has not been delivered in accordance with Section 5.01(d), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Extended Applicable Margin shall be the Extended Applicable Margin set forth in clause (b) above to and including the date on which the required Borrowing Base Certificate is delivered.

“Extended Availability Period” means, with respect to any Extending Lender, the period from and including the Effective Date to but excluding the earlier of the Extended Commitment Termination Date and the date of termination of the Commitments.

“Extended Commitment Termination Date” means, with respect to each Extending Lender, June 11, 2027.

“Extended Final Maturity Date” means, with respect to each Extending Lender, June 12, 2028.

“Extended Loans” means Loans or Borrowings of any Extending Lender maturing on the Extended Final Maturity Date.

“Extending Lender” means each Lender designated as an “Extending Lender” on Schedule 1.01(b).

“External Manager” means Sixth Street Specialty Lending Advisers, LLC.

“Extraordinary Receipts” means any cash received by or paid to any Obligor on account of any foreign, United States, state or local tax refunds, pension plan reversions, judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, condemnation awards (and payments in lieu thereof), indemnity payments received not in the ordinary course of business and any purchase price adjustment received not in the ordinary course of business in connection with any purchase agreement and proceeds of insurance (excluding, however, for the avoidance of doubt, proceeds of any issuance of Equity Interests and issuances of Indebtedness by any Obligor); provided that Extraordinary Receipts shall not include any (x) amounts that the Borrower receives from the Administrative Agent or any Lender pursuant to Section 2.16(f), or (y) cash receipts to the extent received from proceeds of insurance, condemnation awards (or payments in lieu thereof), indemnity payments or payments in respect of judgments or settlements of claims, litigation or proceedings to the extent that such proceeds, awards or payments are received by any Person in respect of any unaffiliated third party claim against or loss by such Person and promptly applied to pay (or to reimburse such Person for its prior payment of) such claim or loss and the costs and expenses of such Person with respect thereto.

“FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with) and any regulations promulgated thereunder and official interpretations thereof and any foreign legislation implemented to give effect to any intergovernmental agreements entered into thereunder and any agreements entered into pursuant to Section 1471(b)(1) of the Code.

“Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three Federal funds brokers of recognized standing selected by it.

“Final Maturity Date” means (i) in the case of any Extending Lender (with respect to such Extending Lender’s Extended Loans), the Extended Final Maturity Date or (ii) in the case of any Non-Extending Lender (with respect to such Non-Extending Lender’s Non-Extended Loans), such Non-Extending Lender’s Non-Extended Final Maturity Date, as applicable.

“Financial Officer” means the chief financial officer, principal accounting officer, treasurer or controller of the Borrower.

“Financing Subsidiary” means an SPE Subsidiary or an SBIC Subsidiary.

“Floor” means a rate of interest equal to zero percent (0.00%).

“Foreign Currency” means at any time any Currency other than Dollars.

“Foreign Currency Equivalent” means, with respect to any amount in Dollars, the amount of any Foreign Currency that could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

“Foreign Lender” means any Lender that is not a “United States person” as defined under Section 7701(a)(30) of the Code.

“Foreign Subsidiary” means any (a) direct or indirect Subsidiary of the Borrower that is organized under the laws of any jurisdiction other than the United States or its territories or possessions and that is treated as a corporation for United States federal income tax purposes, (b) direct or indirect Subsidiary of the Borrower which is a “controlled foreign corporation” within the meaning of the Code or (c) direct or indirect Subsidiary that is disregarded as an entity that is separate from its owner for United States federal income tax purposes and substantially all of its assets consist of the Capital Stock of one or more direct or indirect Foreign Subsidiaries.

“Fourteenth Amendment Effective Date” means June 12, 2023.

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to any Issuing Bank, such Defaulting Lender’s (a) Applicable Dollar Percentage of the outstanding Dollar LC Exposure and (b) Applicable Multicurrency Percentage of the outstanding Multicurrency LC Exposure, in each case with respect to Letters of Credit issued by such Issuing Bank other than Dollar LC Exposure or Multicurrency LC Exposure, as the case may be, as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof.

“GAAP” means generally accepted accounting principles in the United States of America.

“Governmental Authority” means the government of the United States of America, or of any other nation, or any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank, supranational authority or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

“Guarantee” of, or “Guaranteed” by, any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation; provided that the term Guarantee shall not include (i) endorsements for collection or deposit in the ordinary course of business or (ii) customary indemnification agreements entered into in the ordinary course of business, provided that such indemnification obligations are unsecured, such Person has determined that any liability thereunder is remote and such indemnification obligations are not the functional equivalent of the guaranty of a payment obligation of the primary obligor.

“Guarantee and Security Agreement” means that certain Amended and Restated Guarantee and Security Agreement dated as of July 2, 2013 among the Borrower, the Administrative Agent, each Subsidiary of the Borrower from time to time party thereto, each holder (or a representative or trustee therefor) from time to time of any Secured Longer-Term Indebtedness or Secured Shorter-Term Indebtedness, and the Collateral Agent, as the same shall be amended, restated, modified and supplemented and in effect from time to time.

“Guarantee Assumption Agreement” means a Guarantee Assumption Agreement substantially in the form of Exhibit B to the Guarantee and Security Agreement between the Collateral Agent and an entity that pursuant to Section 5.08 is required to become a “Subsidiary Guarantor” under the Guarantee and Security Agreement (with such changes as the Administrative Agent shall request consistent with the requirements of Section 5.08).

“Hedging Agreement” means any interest rate protection agreement, foreign currency exchange protection agreement, commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.

“Immaterial Subsidiaries” means those Subsidiaries of the Borrower that are “designated” as Immaterial Subsidiaries by the Borrower from time to time (it being understood that the Borrower may at any time change any such designation); provided that such designated Immaterial Subsidiaries shall collectively meet all of the following criteria as of the date of the most recent balance sheet required to be delivered pursuant to Section 5.01: (a) the aggregate assets of such Subsidiaries and their Subsidiaries (on a consolidated basis) as of such date do not exceed an amount equal to 3% of the consolidated assets of the Borrower and its Subsidiaries as of such date; and (b) the aggregate revenues of such Subsidiaries and their Subsidiaries (on a consolidated basis) for the fiscal quarter ending on such date do not exceed an amount equal to 3% of the consolidated revenues of the Borrower and its Subsidiaries for such period.

“Increasing Lender” has the meaning assigned to such term in Section 2.08(e)(i).

“Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments representing extensions of credit, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property acquired by such Person (excluding accounts payable and accrued expenses incurred in the ordinary course of business), (d) all obligations of such Person in respect of the deferred purchase price of property or services (excluding accounts payable and accrued expenses incurred in the ordinary course of business), (e) all Indebtedness of others secured by any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed (with the value of such Indebtedness being the lower of the outstanding amount of such Indebtedness and the fair market value of the property subject to such Lien), (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor. Notwithstanding the foregoing, “Indebtedness” shall not include (x) escrows or purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset or Investment to satisfy unperformed obligations of the seller of such asset or Investment or (y) a commitment arising in the ordinary course of business to make a future Portfolio Investment.

“Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower under this Agreement.

“Indemnitee” has the meaning assigned to such term in Section 9.03(b).

“Independent” when used with respect to any specified Person means that such Person (a) does not have any direct financial interest or any material indirect financial interest in the Borrower or any of its Subsidiaries or Affiliates (including its investment advisor or any Affiliate thereof) and (b) is not connected with the Borrower or of its Subsidiaries or Affiliates (including its investment advisor or any Affiliate thereof) as an officer, employee, promoter, underwriter, trustee, partner, director or Person performing similar functions.

“Industry Classification Group” means (a) any of the classification groups set forth in Schedule 1.01(c) hereto, together with any such classification groups that may be subsequently established by Moody’s and provided by the Borrower to the Lenders, and (b) up to three additional industry group classifications established by the Borrower pursuant to Section 5.12.

“Interest Election Request” means a request by the Borrower to convert or continue a Syndicated Borrowing in accordance with Section 2.07.

“Interest Payment Date” means (a) with respect to any Syndicated ABR Loan, each Quarterly Date, (b) with respect to any Term Benchmark Loan or RFR Loan, in each case, in

respect of which the Borrower has selected a one- or three-month Interest Period, the last day of such Interest Period therefor and, in the case of any Term Benchmark Loan with an Interest Period of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at three-month intervals after the first day of such Interest Period and (c) with respect to any Swingline Loan, the day that such Loan is required to be repaid.

“Interest Period” means, for any Term Benchmark Loan or Borrowing or any RFR Loan or Borrowing, the period commencing on the date of such Loan or Borrowing and ending on the numerically corresponding day in the calendar month that is one month, three months or, except with respect to Term Benchmark Loans denominated in Canadian Dollars and RFR Loans, six months thereafter or, with respect to such portion of any Term Benchmark Loan or Borrowing or any RFR Loan or Borrowing denominated in a Foreign Currency that is scheduled to be repaid on the applicable Final Maturity Date, a period of less than one month’s duration commencing on the date of such Loan or Borrowing and ending on the applicable Final Maturity Date, as specified in the applicable Borrowing Request or Interest Election Request; provided that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day, (ii) any Interest Period (other than an Interest Period pertaining to a Term Benchmark Borrowing denominated in a Foreign Currency or RFR Borrowing that ends on the applicable Final Maturity Date that is permitted to be of less than one month’s duration as provided in this definition) that commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period, and (iii) no tenor that has been removed from this definition pursuant to Section 2.21(d) shall be available for specification in such Borrowing Request or notice of conversion or continuation unless or until it is reinstated pursuant to Section 2.21(d). For purposes hereof, the date of a Loan initially shall be the date on which such Loan is made and thereafter shall be the effective date of the most recent conversion or continuation of such Loan, and the date of a Syndicated Borrowing comprising Loans that have been converted or continued shall be the effective date of the most recent conversion or continuation of such Loans.

“Investment” means, for any Person: (a) Equity Interests, bonds, notes, debentures or other securities of any other Person or any agreement to acquire any Equity Interests, bonds, notes, debentures or other securities of any other Person (and any rights or proceeds in respect of (x) any “short sale” of securities or (y) any sale of any securities at a time when such securities are not owned by such Person); (b) deposits, advances, loans or other extensions of credit made to any other Person (including purchases of property from another Person subject to an understanding or agreement, contingent or otherwise, to resell such property to such Person); or (c) Hedging Agreements.

“Investment Company Act” means the Investment Company Act of 1940, as amended from time to time.

“Investment Policies” means the investment objectives, policies, restrictions and limitations set forth in the “BUSINESS” section of its Registration Statement, and as the same may be changed, altered, expanded, amended, modified, terminated or restated from time to time.

“Issuing Bank” means Truist, JPMorgan Chase Bank, N.A. and any other Issuing Bank designated pursuant to Section 2.05(l), in their capacity as the issuers of Letters of Credit hereunder, and their respective successors in such capacity as provided in Section 2.05(j). In the case of any Letter of Credit to be issued in an Agreed Foreign Currency, Truist and JPMorgan Chase Bank, N.A., respectively, may designate any of their respective affiliates as the “Issuing Bank” for purposes of such Letter of Credit.

“Japanese Yen” means the lawful currency of Japan.

“Joint Lead Arrangers” means Truist Securities, Inc., JPMorgan Chase Bank, N.A., MUFG Union Bank, N.A., Sumitomo Mitsui Banking Corporation and State Street Bank and Trust Company.

“LC Disbursement” means a payment made by any Issuing Bank pursuant to a Letter of Credit.

“LC Exposure” means, at any time, the sum of the Dollar LC Exposure and the Multicurrency LC Exposure.

“Lenders” means, collectively, the Dollar Lenders and the Multicurrency Lenders. Unless the context otherwise requires, the term “Lenders” includes each Swingline Lender.

“Letter of Credit” means any letter of credit issued pursuant to this Agreement.

“Letter of Credit Collateral Account” has the meaning assigned to such term in Section 2.05(k).

“Letter of Credit Documents” means, with respect to any Letter of Credit, collectively, any application therefor and any other agreements, instruments, guarantees or other documents (whether general in application or applicable only to such Letter of Credit) governing or providing for (a) the rights and obligations of the parties concerned or at risk with respect to such Letter of Credit or (b) any collateral security for any of such obligations, each as the same may be modified and supplemented and in effect from time to time.

“Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities, except in favor of the issuer thereof (and in the case of Investments that are securities, excluding customary drag-along, tag-along, right of first refusal and other similar rights in favor of the equity holders of the same issuer).

“Loan Documents” means, collectively, this Agreement, the Letter of Credit Documents, the Security Documents and the First Amendment to this Agreement dated as of June 3, 2014, the Second Amendment to this Agreement dated as of June 27, 2014, the Third Amendment to this Agreement dated as of October 17, 2014, the Fourth Amendment to this Agreement dated as of October 2, 2015, the Fifth Amendment to this Agreement dated as of

December 22, 2016, the Sixth Amendment to this Agreement dated as of February 20, 2018, the Seventh Amendment to this Agreement dated as of November 5, 2018, the Eighth Amendment to this Agreement dated as of February 14, 2019, the Ninth Amendment to this Agreement dated as of January 31, 2020, the Tenth Amendment to this Agreement dated as of February 5, 2021, the Eleventh Amendment to this Agreement dated as of December 14, 2021, the Twelfth Amendment to this Agreement dated as of April 25, 2022, the Thirteenth Amendment to this Agreement dated as of May 19, 2022, and the Fourteenth Amendment to this Agreement dated as of June 12, 2023.

“Loans” means the loans made by the Lenders to the Borrower pursuant to this Agreement.

“Margin Stock” means “margin stock” within the meaning of Regulations T, U and X.

“Material Adverse Change” has the meaning assigned to such term in Section 3.04(b).

“Material Adverse Effect” means a material adverse effect on (a) the business, Portfolio Investments and other assets, liabilities and financial condition of the Borrower or the Borrower and its Subsidiaries (other than Financing Subsidiaries) taken as a whole (excluding in any case a decline in the net asset value of the Borrower or a change in general market conditions or values of the Portfolio Investments), or (b) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Collateral Agent, the Administrative Agent and the Lenders thereunder.

“Material Indebtedness” means (a) Indebtedness (other than the Loans, Letters of Credit and Hedging Agreements), of any one or more of the Borrower and its Subsidiaries in an aggregate principal amount exceeding $50,000,000 and (b) obligations in respect of one or more Hedging Agreements under which the maximum aggregate amount (giving effect to any netting agreements) that the Borrower and its Subsidiaries would be required to pay if such Hedging Agreement(s) were terminated at such time would exceed $50,000,000.

“Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of Cash or deposit account balances, an amount equal to 100% of the Fronting Exposure of each Issuing Bank with respect to Letters of Credit issued and outstanding at such time.

“Moody’s” means Moody’s Investors Service, Inc. or any successor thereto.

“Multicurrency Commitment” means, with respect to each Multicurrency Lender during such Multicurrency Lender’s Availability Period, the commitment of such Multicurrency Lender to make Syndicated Loans, and to acquire participations in Letters of Credit and Swingline Loans, denominated in Dollars and in Agreed Foreign Currencies hereunder, during such Multicurrency Lender’s Availability Period, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.08 and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04. The amount of each Lender’s Multicurrency Commitment is, as of the Fourteenth Amendment Effective Date, set forth on Schedule 1.01(b), or in the Assignment and Assumption

pursuant to which such Lender shall have assumed its Multicurrency commitment, as applicable. The aggregate amount of the Lenders’ Multicurrency Commitments as of the Fourteenth Amendment Effective Date is $1,150,000,000.

“Multicurrency LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Multicurrency Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements in respect of such Letters of Credit that have not yet been reimbursed by or on behalf of the Borrower at such time. The Multicurrency LC Exposure of any Lender at any time shall be its Applicable Multicurrency Percentage of the total Multicurrency LC Exposure at such time.

“Multicurrency Lender” means the Persons listed on Schedule 1.01(b) as having Multicurrency Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

“Multicurrency Letters of Credit” means Letters of Credit that utilize the Multicurrency Commitments.

“Multicurrency Loan” means a Loan denominated in Dollars or an Agreed Foreign Currency.

“Multiemployer Plan” means a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

“National Currency” means the currency, other than the Euro, of a Participating Member State.

“Net Cash Proceeds” means:

(a) with respect to any Disposition by the Borrower or any of its Subsidiaries (other than Financing Subsidiaries), or any Extraordinary Receipt received or paid to the account of the Borrower or any of its Subsidiaries (other than Financing Subsidiaries) (in each case, which requires a payment of the Loans under Section 2.10(d)), an amount equal to (a) the sum of cash and Cash Equivalents received in connection with such transaction (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received) minus (b) the sum of (i) the principal amount of any Indebtedness that is secured by the applicable asset and that is required to be repaid in connection with such transaction (other than Indebtedness under the Loan Documents), (ii) the reasonable out-of-pocket fees, costs and expenses incurred by the Borrower or such Subsidiary in connection with such transaction, (iii) the taxes paid or reasonably estimated to be actually payable within two years of the date of the relevant transaction in connection with such transaction; provided that, if the amount of any estimated taxes pursuant to clause (iii) exceeds the amount of taxes actually required to be paid in cash in respect of such Disposition, the aggregate amount of such excess shall constitute Net Cash Proceeds (as of the date the Borrower determines such excess exists) and (iv) any reasonable costs, fees, commissions, premiums and expenses incurred by the Borrower or any of its Subsidiaries in connection with such Disposition; and

(b) with respect to the sale or issuance of any Equity Interest by the Borrower or any of its Subsidiaries (other than any Financing Subsidiary) (including, for the avoidance of doubt, cash received by the Borrower or any of its Subsidiaries (other than any Financing Subsidiaries) for the sale by the Borrower or such Subsidiary of any Equity Interest of a Financing Subsidiary but specifically excluding any sale of any Equity Interest by a Financing Subsidiary or cash received by a Financing Subsidiary in connection with the sale of any Equity Interest), or the incurrence or issuance of any Indebtedness by the Borrower or any of its Subsidiaries (other than Financing Subsidiaries) (in each case, which requires a payment of the Loans under Section 2.10(d)), an amount equal to (i) the sum of the cash and Cash Equivalents received in connection with such transaction minus (ii) the sum of (1) reasonable out-of-pocket fees, costs and expenses, incurred by the Borrower or such Subsidiary in connection therewith plus (2) any reasonable costs, fees, commissions, premiums, expenses, or underwriting discounts or commissions incurred by the Borrower or any of its Subsidiaries in connection with such sale or issuance.

“New Zealand Dollars” means the lawful currency of New Zealand.

“Ninth Amendment Effective Date” means January 31, 2020.

“Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(d).

“Non-Defaulting Lender” means, at any time, a Lender that is not a Defaulting Lender at such time.

“Non-Extended Applicable Margin” means:

(a) with respect to each Non-Extending Lender to which the Non-Extended Final Maturity Date of January 31, 2025 is applicable, (i) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.85 times the Combined Debt Amount, (A) with respect to any ABR Loan, 0.75% per annum; (B) with respect to any Term Benchmark Loan, 1.75% per annum; and (C) with respect to any RFR Loan, 1.75% per annum plus the RFR Applicable Credit Adjustment Spread; and (ii) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.85 times the Combined Debt Amount (A) with respect to any ABR Loan, 0.875% per annum; (B) with respect to any Term Benchmark Loan, 1.875% per annum; and (C) with respect to any RFR Loan, 1.875% per annum plus the RFR Applicable Credit Adjustment Spread;

(b) with respect to each Non-Extending Lender to which the Non-Extended Final Maturity Date of February 4, 2026 is applicable, (i) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.85 times the Combined Debt Amount, (A) with respect to any ABR Loan, 0.75% per annum; (B) with respect to any Term Benchmark Loan, 1.75% per annum; and (C) with respect to any RFR Loan, 1.75% per annum plus the RFR Applicable Credit Adjustment Spread; and (ii) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.85 times the Combined Debt Amount (A) with respect to any ABR Loan, 0.875% per annum; (B) with respect to any Term Benchmark Loan, 1.875% per annum; and (C) with respect to any RFR Loan, 1.875% per annum plus the RFR Applicable Credit Adjustment Spread; and

(c) with respect to each Non-Extending Lender to which the Non-Extended Final Maturity Date of April 23, 2027 is applicable, (i) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.60 times the Combined Debt Amount, (A) with respect to any ABR Loan, 0.75% per annum; (B) with respect to any Term Benchmark Loan, 1.75% per annum; and (C) with respect to any RFR Loan 1.75% per annum; and (ii) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.60 times the Combined Debt Amount (A) with respect to any ABR Loan, 0.875% per annum; (B) with respect to any Term Benchmark Loan, 1.875% per annum; and (C) with respect to any RFR Loan 1.875% per annum.

Any change in the Non-Extended Applicable Margin due to a change in the ratio of the Borrowing Base to the Combined Debt Amount as set forth in any Borrowing Base Certificate shall be effective from and including the day immediately succeeding the date of delivery of such Borrowing Base Certificate; provided that if any Borrowing Base Certificate has not been delivered in accordance with Section 5.01(d), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Non-Extended Applicable Margin shall be the Non-Extended Applicable Margin set forth in clause (a)(ii), clause (b)(ii) or clause (c)(ii) above, as applicable, to and including the date on which the required Borrowing Base Certificate is delivered.

“Non-Extended Availability Period” means, with respect to any Non-Extending Lender, the period from and including the Effective Date to but excluding the earlier of the Non-Extended Commitment Termination Date for such Non-Extending Lender and the date of termination of the Commitments.

“Non-Extended Commitment Termination Date” means, with respect to each Non-Extending Lender, the “Non-Extended Commitment Termination Date” set forth next to such Non-Extending Lender’s name on Schedule 1.01(b).

“Non-Extended Final Maturity Date” means, with respect to each Non-Extending Lender, the “Non-Extended Final Maturity Date” set forth next to such Non-Extending Lender’s name on Schedule 1.01(b).

“Non-Extended Loans” means Loans or Borrowings of any Non-Extending Lender maturing on the Non-Extended Final Maturity Date for such Non-Extending Lender.

“Non-Extending Lender” means each Lender designated as a “Non-Extending Lender” on Schedule 1.01(b).

“Non-Public Information” means material non-public information (within the meaning of United States federal, state or other applicable securities laws) with respect to Borrower or its Affiliates or their Securities.

“Obligor” means, collectively, the Borrower and the Subsidiary Guarantors.

“Original Currency” has the meaning assigned to such term in Section 2.17.

“Original Effective Date” means July 3, 2013.

“Other Benchmark Rate Election” means, with respect to any Loan denominated in Dollars, if a Benchmark Replacement for the Term SOFR Reference Rate has been determined in accordance with clause (1) of the definition of “Benchmark Replacement”, that the Administrative Agent, in its sole discretion, and the Borrower have jointly elected to trigger a fallback from the then-current Benchmark and the Administrative Agent has provided written notice of such election to the Borrower and the Lenders.

“Other Covered Indebtedness” means, collectively, Secured Longer-Term Indebtedness, Secured Shorter-Term Indebtedness and Unsecured Shorter-Term Indebtedness; provided that “Other Covered Indebtedness” shall not include any Indebtedness secured by a Lien on Portfolio Investments permitted under Section 6.02(e).

“Other Permitted Indebtedness” means (a) accrued expenses and current trade accounts payable incurred in the ordinary course of the Borrower’s business which are not overdue for a period of more than 90 days or which are being contested in good faith by appropriate proceedings, (b) Indebtedness (other than Indebtedness for borrowed money) arising in connection with transactions in the ordinary course of the Borrower’s business in connection with its securities transactions, derivatives transactions, reverse repurchase agreements or dollar rolls to the extent such transactions are permitted under the Investment Company Act and the Borrower’s Investment Policies (after giving effect to any Permitted Policy Amendments), provided that such Indebtedness does not arise in connection with the purchase of Portfolio Investments other than Cash Equivalents and U.S. Government Securities and (c) Indebtedness in respect of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII.

“Other Taxes” means any and all present or future stamp or documentary Taxes or any other excise or property Taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document, excluding (i) any such Taxes, charges or similar levies resulting from an assignment by any Lender in accordance with Section 9.04 hereof (unless such assignment is made pursuant to Section 2.18(b)) or (ii) any Taxes imposed by any jurisdiction by reason of the recipient of any payment on or account of this Agreement having any present or former connection with such jurisdiction (other than a connection arising solely from entering into, receiving any payment under or enforcing its rights under this Agreement or any other Loan Document).

“Participant” has the meaning assigned to such term in Section 9.04(f).

“Participant Register” has the meaning assigned to such term in Section 9.04(f).

“Participating Member State” means any member state of the European Community that adopts or has adopted the Euro as its lawful currency in accordance with the legislation of the European Union relating to the European Monetary Union.

“PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

“Periodic Term SOFR Determination Day” has the meaning set forth in the definition of “Term SOFR”.

“Permitted Equity Interests” means common stock of the Borrower that after its issuance is not subject to any agreement between the holder of such common stock and the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such common stock.

“Permitted Liens” means (a) Liens imposed by any Governmental Authority for taxes, assessments or charges not yet due or that are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Borrower in accordance with GAAP; (b) Liens of clearing agencies, broker-dealers and similar Liens incurred in the ordinary course of business, provided that such Liens (i) attach only to the securities (or proceeds) being purchased or sold and (ii) secure only obligations incurred in connection with such purchase or sale, and not any obligation in connection with margin financing; (c) Liens imposed by law, such as materialmen’s, mechanics’, carriers’, workmens’, storage and repairmen’s Liens and other similar Liens arising in the ordinary course of business and securing obligations (other than Indebtedness for borrowed money) not yet due or that are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Borrower in accordance with GAAP; (d) Liens incurred or pledges or deposits made to secure obligations incurred in the ordinary course of business under workers’ compensation laws, unemployment insurance or other similar social security legislation (other than liens in respect of employee benefit plans arising under ERISA) or to secure public or statutory obligations; (e) Liens securing the performance of, or payment in respect of, bids, insurance premiums, deductibles or co-insured amounts, tenders, government or utility contracts (other than for the repayment of borrowed money), surety, stay, customs and appeal bonds and other obligations of a similar nature incurred in the ordinary course of business; (f) Liens arising out of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default under clause (l) of Article VII; (g) customary rights of setoff and liens upon (i) deposits of cash in favor of banks or other depository institutions in which such cash is maintained in the ordinary course of business, (ii) cash and financial assets held in securities accounts in favor of banks and other financial institutions with which such accounts are maintained in the ordinary course of business and (iii) assets held by a custodian in favor of such custodian in the ordinary course of business securing payment of fees, indemnities and other similar obligations; (h) Liens arising solely from precautionary filings of financing statements under the Uniform Commercial Code of the applicable jurisdictions in respect of operating leases entered into by the Borrower or any of its Subsidiaries in the ordinary course of business; (i) deposits of money securing leases to which Borrower is a party as lessee made in the ordinary course of business; (j) easements, rights of way, zoning restrictions and similar encumbrances on real property and minor irregularities in the title thereto that do not (i) secure obligations for the payment of money or (ii) materially impair the value of such property or its use by any Obligor or any of its Subsidiaries in the normal conduct of such Person’s business; and (k) Liens in favor of any escrow agent solely on and in respect of any cash earnest money deposits made by any Obligor in connection with any letter of intent or purchase agreement (to the extent that the acquisition or disposition with respect thereto is otherwise permitted hereunder).

“Permitted Policy Amendment” means any change, alteration, expansion, amendment, modification, termination or restatement of the Investment Policies that is either (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b)

required by applicable law, rule, regulation or Governmental Authority, or (c) not materially adverse to the rights, remedies or interests of the Lenders in the reasonable discretion of the Administrative Agent (for the avoidance of doubt, no change, alteration, expansion, amendment, modification, termination or restatement of the Investment Policies shall be deemed “material” if investment size proportionately increases as the size of the Borrower’s capital base changes).

“Permitted SBIC Guarantee” means a guarantee by the Borrower of Indebtedness of an SBIC Subsidiary on the SBA’s then applicable form, provided that the recourse to the Borrower thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being understood that, as provided in clause (s) of Article VII, it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

“Person” means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental Authority or other entity.

“Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, and in respect of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

“Platform” has the meaning set forth in Section 5.01(i).

“Portfolio Investment” means any Investment held by the Obligors in their asset portfolio (and solely for purposes of determining the Borrowing Base, Cash). Without limiting the generality of the foregoing, the following Investments shall not be considered Portfolio Investments under this Agreement or any other Loan Document: (a) any Investment by an Obligor in any Subsidiary or Affiliate of such Obligor or any Financing Subsidiary (including, for the avoidance of doubt, any Investment by an Obligor in an entity constituting a portfolio investment of such Obligor or an Affiliate of such Obligor); (b) any Investment that provides in favor of the obligor in respect of such Portfolio Investment an express right of rescission, set-off, counterclaim or any other defenses; (c) any Investment, which if debt, is an obligation (other than a revolving loan or delayed draw term loan) pursuant to which any future advances or payments to the Obligor may be required to be made by the Borrower; (d) any Investment which is made to a bankrupt entity (other than a debtor-in-possession financing and current pay obligations); and (e) any Investment, Cash or account in which a Financing Subsidiary has an interest.

“Prime Rate” means the rate which is quoted as the “prime rate” in the print edition of The Wall Street Journal, Money Rates Section.

“Principal Financial Center” means, in the case of any Currency, the principal financial center where such Currency is cleared and settled, as determined by the Administrative Agent.

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

“Public Lender” means Lenders that do not wish to receive Non-Public Information with respect to the Borrower or any of its Subsidiaries or their Securities.

“Quarterly Dates” means the last Business Day of March, June, September and December in each year, commencing on September 30, 2013.

“Quoted Investments” means a Portfolio Investment with a value assigned by the Borrower pursuant to Section 5.12(b)(ii)(A).

“Register” has the meaning set forth in Section 9.04(c).

“Registration Statement” means the Registration Statement filed by the Borrower with the Securities and Exchange Commission on March 14, 2011.

“Regulations D, T, U and X” means, respectively, Regulations D, T, U and X of the Board, as the same may be modified and supplemented and in effect from time to time.

“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective partners, directors, officers, employees, agents and advisors of such Person and such Person’s Affiliates.

“Relevant Governmental Body” means (a) with respect to a Benchmark Replacement in respect of obligations, interest, fees, commissions or other amounts owing hereunder denominated in, or calculated with respect to Dollars, the Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board and/or the Federal Reserve Bank of New York or, in each case, any successor thereto, (b) with respect to a Benchmark Replacement in respect of obligations, interest, fees, commissions or other amounts owing hereunder denominated in, or calculated with respect to, Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (c) with respect to a Benchmark Replacement in respect of obligations, interest, fees, commissions or other amounts owing hereunder denominated in, or calculated with respect to, Euro, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto, and (d) with respect to a Benchmark Replacement in respect of obligations, interest, fees, commissions or other amounts owing hereunder denominated in, or calculated with respect to, any Currency (other than Dollars, Sterling or Euro), (1) the central bank for the Currency in which such obligations, interest, fees, commissions or other amounts are denominated, or calculated with respect thereto, or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group or committee officially endorsed or convened by (A) the central bank for the Currency in which such obligations, interest, fees, commissions or other amounts are denominated, or calculated with respect to, (B) any central bank or other supervisor that is responsible for supervising either (i) such Benchmark Replacement or (ii) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof.

“Required Lenders” means, at any time, Lenders having Revolving Credit Exposures and unused Commitments representing more than 50% of the sum of the total

Revolving Credit Exposures and unused Commitments at such time; provided that the Revolving Credit Exposures and unused Commitments of any Defaulting Lender shall be disregarded in the determination of Required Lenders. The Required Lenders of a Class (which shall include the terms “Required Dollar Lenders” and “Required Multicurrency Lenders”) means Lenders having Revolving Credit Exposures and unused Commitments of such Class representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments of such Class at such time. Notwithstanding the foregoing, the Revolving Credit Exposure and unused Commitments of any Defaulting Lender shall be disregarded in the determination of Required Lenders or Required Lenders of a Class.

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

“Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of an Obligor.

“Restricted Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any shares of any class of capital stock of the Borrower or any of its Subsidiaries, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such shares of capital stock of the Borrower or any option, warrant or other right to acquire any such shares of capital stock of the Borrower (it being understood that none of: (w) the conversion features under convertible notes; (x) the triggering and/or settlement thereof; or (y) any cash payment made by the Borrower in respect thereof, shall constitute a Restricted Payment hereunder).

“Return of Capital” means (a) any net cash amount received by any Obligor in respect of the outstanding principal of any Portfolio Investment (whether at stated maturity, by acceleration or otherwise), (b) without duplication of amounts received under clause (a), any net cash proceeds received by any Obligor from the sale of any property or assets pledged as collateral in respect of any Portfolio Investment to the extent such net cash proceeds are less than or equal to the outstanding principal balance of such Portfolio Investment, (c) any net cash amount received by any Obligor in respect of any Portfolio Investment that is an Equity Interest (x) upon the liquidation or dissolution of the issuer of such Portfolio Investment, (y) as a distribution of capital made on or in respect of such Portfolio Investment, or (z) pursuant to the recapitalization or reclassification of the capital of the issuer of such Portfolio Investment or pursuant to the reorganization of such issuer or (d) any similar return of capital received by any Obligor in cash in respect of any Portfolio Investment (in the case of clauses (a), (b), (c) and (d), net of any fees, costs, expenses and taxes payable with respect thereto).

“Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Dollar Credit Exposure and Revolving Multicurrency Credit Exposure at such time.

“Revolving Dollar Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

“Revolving Multicurrency Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

“Revolving Percentage” means, as of any date of determination, the result, expressed as a percentage, of the Revolving Credit Exposure on such date divided by the aggregate outstanding Covered Debt Amount on such date.

“RFR”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, bearing interest at a rate determined by reference to the Daily Simple RFR for the applicable Currency.

“RFR Administrator” means the SONIA Administrator or the SARON Administrator, as applicable.

“RFR Administrator’s Website” means the SONIA Administrator’s Website or the SARON Administrator’s Website, as applicable.

“RFR Applicable Credit Adjustment Spread” means, (a) with respect to RFR Loans denominated in Sterling, (i) with an Interest Period of three months, 0.1193% and (ii) with an Interest Period of one month, 0.0326%, and (b) with respect to RFR Loans denominated in Swiss Francs (i) with an Interest Period of three months, 0.0031% and (ii) with an Interest Period of one month, -0.0571%.

“RFR Business Day” means, for any Loans, Borrowings, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Sterling, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London, and (b) Swiss Francs, any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for the settlement of payments and foreign exchange transactions in Zurich.

“RFR Interest Day” has the meaning specified in the definition of “Daily Simple RFR”.

“RFR Rate” means, for any Loans, Borrowings, interest, fees, commissions or other amounts denominated in, or calculated with respect to (a) Sterling, SONIA, and (b) Swiss Francs, SARON.

“RFR Reference Day” has the meaning specified in the definition of “Daily Simple RFR”.

“RIC” means a person qualifying for treatment as a “regulated investment company” under the Code.

“S&P” means S&P Global Ratings or any successor thereto.

“Sanctioned Country” means, at any time, a country, territory or region that is the subject or the target of country-wide or territory-wide Sanctions broadly prohibiting dealings with

such country, territory or region (currently, Cuba, Iran, North Korea and Syria, the Crimea Region of Ukraine, the so-called Donetsk People’s Republic, the so-called Luhansk People’s Republic and non-government-controlled areas of the Zaporizhzhia and Kherson Regions of Ukraine).

“Sanctions” has the meaning assigned to such term in Section 3.15(a).

“SARON” means a rate equal to the Swiss Average Rate Overnight as administered by the SARON Administrator.

“SARON Administrator” means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

“SARON Administrator’s Website” means SIX Swiss Exchange AG’s website, currently at https://www.six-group.com, or any successor source for the Swiss Average Rate Overnight identified as such by the SARON Administrator from time to time.

“SBA” means the United States Small Business Administration.

“SBIC Equity Commitment” means a commitment by the Borrower to make one or more capital contributions to an SBIC Subsidiary.

“SBIC Subsidiary” means any direct or indirect Subsidiary (including such Subsidiary’s general partner or managing entity to the extent that the only material asset of such general partner or managing entity is its equity interest in the SBIC Subsidiary) of the Borrower licensed as a small business investment company under the Small Business Investment Act of 1958, as amended, (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) and which is designated by the Borrower (as provided below) as an SBIC Subsidiary, so long as (a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of such Subsidiary: (i) is Guaranteed by any Obligor (other than a Permitted SBIC Guarantee), (ii) is recourse to or obligates any Obligor in any way (other than in respect of any SBIC Equity Commitment or Permitted SBIC Guarantee), or (iii) subjects any property of any Obligor, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than Equity Interests in any SBIC Subsidiary pledged to secure such Indebtedness, and (b) no Obligor has any obligation to maintain or preserve such Subsidiary’s financial condition or cause such entity to achieve certain levels of operating results. Any such designation by the Borrower shall be effected pursuant to a certificate of a Financial Officer delivered to the Administrative Agent, which certificate shall include a statement to the effect that, to the best of such officer’s knowledge, such designation complied with the foregoing conditions.

“Secured Longer-Term Indebtedness” means, as at any date, Indebtedness (other than Indebtedness hereunder) of an Obligor (which may be Guaranteed by Subsidiary Guarantors) that (a) has no scheduled amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum, provided that amortization in excess of 1% per annum shall be permitted so long as the amount of such amortization in excess of 1% is permitted to be incurred pursuant to Section 6.01(i) and 6.01(o)) prior to, and a final maturity date not earlier than, six months after the Extended Final Maturity Date (it being understood that none of: (w) the conversion features under convertible notes; (x) the

triggering and/or settlement thereof; or (y) any cash payment made in respect thereof, shall constitute “amortization” for purposes of this clause (a)), (b) is incurred pursuant to documentation that is substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as determined by the Borrower in its reasonable judgment and (c) is not secured by any assets of any Obligor other than pursuant to this Agreement or the Security Documents and the holders of which (or an authorized agent, representative or trustee of such holders) have either executed (i) a joinder agreement to the Guarantee and Security Agreement or (ii) such other document or agreement, in a form reasonably satisfactory to the Administrative Agent and the Collateral Agent, pursuant to which the holders (or an authorized agent, representative or trustee of such holders) of such Secured Longer-Term Indebtedness shall have become a party to the Guarantee and Security Agreement and assumed the obligations of a Financing Agent or Designated Indebtedness Holder (in each case, as defined in the Guarantee and Security Agreement).

“Secured Shorter-Term Indebtedness” means, collectively, (a) any Indebtedness of an Obligor that is secured by any assets of any Obligor and that does not constitute Secured Longer-Term Indebtedness, (b) any Indebtedness of an Obligor that is not secured by any assets of any Obligor other than pursuant to this Agreement or the Security Documents and the holders of which (or an authorized agent, representative or trustee of such holders) have either executed (i) a joinder agreement to the Guarantee and Security Agreement or (ii) such other document or agreement, in a form reasonably satisfactory to the Administrative Agent and the Collateral Agent, pursuant to which the holders (or an authorized agent, representative or trustee of such holders) of such Secured Shorter-Term Indebtedness shall have become a party to the Guarantee and Security Agreement and assumed the obligations of a Financing Agent or Designated Indebtedness Holder (in each case, as defined in the Guarantee and Security Agreement) and (c) any Indebtedness that is designated as “Secured Shorter-Term Indebtedness” pursuant to Section 6.11(a).

“Security Documents” means, collectively, the Guarantee and Security Agreement, all Uniform Commercial Code financing statements filed with respect to the security interests in personal property created pursuant to the Guarantee and Security Agreement and all other assignments, pledge agreements, security agreements, control agreements and other instruments executed and delivered on or after the date hereof by any of the Obligors pursuant to the Guarantee and Security Agreement or otherwise providing or relating to any collateral security for any of the Secured Obligations under and as defined in the Guarantee and Security Agreement.

“Shareholders’ Equity” means, at any date, the amount determined on a consolidated basis, without duplication, in accordance with GAAP, of shareholders equity for the Borrower and its Subsidiaries at such date.

“SOFR” means a rate per annum equal to the secured overnight financing rate as administered by the SOFR Administrator.

“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

“SONIA” means a rate equal to the Sterling Overnight Index Average as administered by the SONIA Administrator.

“SONIA Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

“SONIA Administrator’s Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.

“SPE Subsidiary” means a direct or indirect Subsidiary of the Borrower to which any Obligor sells, conveys or otherwise transfers (whether directly or indirectly) Portfolio Investments, which engages in no material activities other than in connection with the purchase, holding, disposition or financing of such assets and which is designated by the Borrower (as provided below) as an SPE Subsidiary:

(a) no portion of the Indebtedness or any other obligations (contingent or otherwise) of which (i) is Guaranteed by any Obligor (other than Guarantees in respect of Standard Securitization Undertakings), (ii) is recourse to or obligates any Obligor in any way other than pursuant to Standard Securitization Undertakings or (iii) subjects any property of any Obligor, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings or any Guarantee thereof,

(b) with which no Obligor has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, not materially less favorable to such Obligor than those that might be obtained at the time from Persons that are not Affiliates of any Obligor, other than fees payable in the ordinary course of business in connection with servicing receivables, and

(c) to which no Obligor has any obligation to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results.

Any such designation by the Borrower shall be effected pursuant to a certificate of a Financial Officer delivered to the Administrative Agent, which certificate shall include a statement to the effect that, to the best of such officer’s knowledge, such designation complied with the foregoing conditions. Each Subsidiary of an SPE Subsidiary shall be deemed to be an SPE Subsidiary and shall comply with the foregoing requirements of this definition.

“Special Equity Interest” means any Equity Interest that is subject to a Lien in favor of creditors of the issuer of such Equity Interest provided that (a) such Lien was created to secure Indebtedness owing by such issuer to such creditors, (b) such Indebtedness was (i) in existence at the time the Obligors acquired such Equity Interest, (ii) incurred or assumed by such issuer substantially contemporaneously with such acquisition or (iii) already subject to a Lien granted to such creditors and (c) unless such Equity Interest is not intended to be included in the Collateral, the documentation creating or governing such Lien does not prohibit the inclusion of such Equity Interest in the Collateral.

“Special Unsecured Indebtedness” means Indebtedness of an Obligor issued after the Fourteenth Amendment Effective Date (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such Indebtedness per annum, provided that amortization in

excess of 1% per annum shall be permitted so long as the amount of such amortization in excess of 1% is permitted to be incurred pursuant to Section 6.01(m) and Section 6.01(o)) prior to, and a final maturity date not earlier than, five years from the date such Indebtedness is issued (it being understood that (A) none of: (w) the conversion features under convertible notes; (x) the triggering and/or settlement thereof or (y) any cash payment made in respect thereof, shall constitute “amortization” for purposes of this clause (a); and (B) any mandatory amortization that is contingent upon the happening of an event that is not certain to occur (including a change of control or bankruptcy) shall not in and of itself be deemed to disqualify such Indebtedness under this clause (a)), (b) is incurred pursuant to documentation containing (i) covenants and events of default that are not materially more burdensome on the Borrower than those set forth in the Loan Documents or (ii) terms substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as determined by the Borrower in its reasonable judgment and (c) is not secured by any assets of any Obligor; provided that Special Unsecured Indebtedness shall not include any Indebtedness permitted pursuant to Section 6.01(l).

“Specified Event of Default” means an Event of Default under Section 7.01(a), (b), (i), (j) and (k).

“Standard Securitization Undertakings” means, collectively, (a) customary arms-length servicing obligations (together with any related performance guarantees), (b) obligations (together with any related performance guarantees) to refund the purchase price or grant purchase price credits for dilutive events or misrepresentations (in each case unrelated to the collectibility of the assets sold or the creditworthiness of the associated account debtors) and (c) representations, warranties, covenants and indemnities (together with any related performance guarantees) of a type that are reasonably customary in accounts receivable securitizations.

“Sterling” means the lawful currency of the United Kingdom.

“Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. Anything herein to the contrary notwithstanding, the term “Subsidiary” shall not include any Person that constitutes an Investment held by the Borrower in the ordinary course of business and that is not, under GAAP, consolidated on the financial statements of the Borrower and its Subsidiaries. Unless otherwise specified, “Subsidiary” means a Subsidiary of the Borrower.

“Subsidiary Guarantor” means any Subsidiary that is a Guarantor under the Guarantee and Security Agreement. It is understood and agreed that no Financing Subsidiary, Immaterial Subsidiary, Foreign Subsidiary or a Subsidiary of a Foreign Subsidiary shall be a Subsidiary Guarantor.

“Swedish Krona” means the lawful currency of Sweden.

“Swingline Exposure” means, at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Lender at any time shall be the sum of (a)(i) in the case of any Dollar Lender, its Applicable Dollar Percentage of the total Swingline Exposure at such time incurred under the Dollar Commitments and (ii) in the case of any Multicurrency Lender, its Applicable Multicurrency Percentage of the total Swingline Exposure at such time incurred under the Multicurrency Commitments (excluding, for purpose of this clause (a), in the case of any Lender that is a Swingline Lender, Swingline Loans made by it that are outstanding at such time to the extent that the other Lenders under such Lender’s Class of Commitments shall not have funded their participations in such Swingline Loans), adjusted, in each case, to give effect to any reallocation under Section 2.19 of the Swingline Exposure of Defaulting Lenders in effect at such time, plus (b) in the case of any Lender that is a Swingline Lender, the aggregate principal amount of all Swingline Loans made by such Lender outstanding at such time, less the amount of participations funded by the other Lenders under such Lender’s Class of Commitments in such Swingline Loans.

“Swingline Lender” means any of Truist, JPMorgan Chase Bank, N.A., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation or State Street Bank and Trust Company, in its capacity as lender of Swingline Loans hereunder, and its successors in such capacity as provided in Section 2.04(d).

“Swingline Loan” means a Loan made pursuant to Section 2.04.

“Swiss Franc” means the lawful currency of Switzerland.

“Syndicated”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, made pursuant to Section 2.01.

“TARGET Day” means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer payment system (or any successor settlement system as determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euros.

“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings (including backup withholding), assessments, fees, or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

“Term Benchmark”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans constituting such Borrowing are, bearing interest at a rate determined by reference to the Adjusted Term Benchmark Rate.

“Term Benchmark Banking Day” means for Term Benchmark Loans, Term Benchmark Borrowings, interest, fees, commissions or other amounts denominated in, or calculated with respect to:

(a) Dollars, a U.S. Government Securities Business Day;

(b) Euros, a TARGET Day;

(c) Canadian Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in Toronto, Canada;

(d) Australian Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in Melbourne, Australia;

(e) New Zealand Dollars, any day (other than a Saturday or Sunday) on which banks are open for business in Auckland, New Zealand;

(f) Swedish Krona, any day (other than a Saturday or Sunday) on which banks are open for business in Stockholm, Sweden; or

(g) Japanese Yen, any day (other than a Saturday or Sunday) on which banks are open for business in Tokyo, Japan.

“Term Benchmark Rate” means, for any Interest Period:

(a) in the case of Term Benchmark Borrowings denominated in Dollars, Term SOFR for such Interest Period;

(b) in the case of Term Benchmark Borrowings denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate as administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Bloomberg page (or on any successor or substitute page or service providing such quotations as determined by the Administrative Agent from time to time) at approximately 11:00 a.m. (Brussels time) two (2) Term Benchmark Banking Days for Euros prior to the first day of such Interest Period (the “EURIBOR Screen Rate”);

(c) in the case of Term Benchmark Borrowings denominated in Canadian Dollars, the rate per annum equal to the average of the annual yield rates applicable to Canadian Dollar banker’s acceptances at or about 10:00 a.m. (Toronto, Ontario time) on the first day of such Interest Period (or if such day is not a Term Benchmark Banking Day, then on the immediately preceding Term Benchmark Banking Day) as reported on the “CDOR Page” (or any display substituted therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may be designated by the Administrative Agent from time to time in its reasonable discretion) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period);

(d) in the case of Term Benchmark Borrowings denominated in Australian Dollars, the rate per annum equal to the Bank Bill Swap Reference Bid rate or a successor thereto approved by the Administrative Agent (“BBSY”) as published by Reuters (or such other page or commercially available source providing BBSY (Bid) quotations as may be designated by the Administrative Agent from time to time) at or about 10:30 a.m. (Melbourne, Australia time) on the day that is two (2) Term Benchmark Banking Days for Australian Dollars prior to the first day

of the Interest Period (or if such day is not an Term Benchmark Banking Day for Australian Dollars, then on the immediately preceding Term Benchmark Banking Day for Australian Dollars) with a term equivalent to such Interest Period;

(e) in the case of Term Benchmark Borrowings denominated in New Zealand Dollars, the rate per annum equal to the Bank Bill Reference Bid Rate or a successor thereto approved by the Administrative Agent (“BKBM”) as published by Reuters (or such other page or commercially available source providing BKBM (Bid) quotations as may be designated by the Administrative Agent from time to time) at or about 10:45 a.m. (Auckland, New Zealand time) on the day that is two (2) Term Benchmark Banking Days for New Zealand Dollars prior to the first day of the Interest Period (or if such day is not an Term Benchmark Banking Day for New Zealand Dollars, then on the immediately preceding Term Benchmark Banking Day for New Zealand Dollars) with a term equivalent to such Interest Period;

(f) in the case of Term Benchmark Borrowings denominated in Swedish Krona, the rate per annum equal to the Stockholm Interbank Offered Rate or a successor thereto approved by the Administrative Agent (“STIBOR”) as published by Reuters (or such other page or commercially available source providing STIBOR quotations as may be designated by the Administrative Agent from time to time) at or about 11:00 a.m. (Stockholm, Sweden time) on the day that is two (2) Term Benchmark Banking Days for Swedish Krona prior to the first day of the Interest Period (or if such day is not an Term Benchmark Banking Day for Swedish Krona, then on the immediately preceding Term Benchmark Banking Day for Swedish Krona) with a term equivalent to such Interest Period; and

(g) in the case of Term Benchmark Borrowings denominated in Japanese Yen, the rate per annum equal to the Tokyo Interbank Offered Rate as administered by the Ippan Shadan Hojin JBA TIBOR Administration (or any other Person that takes over the administration of such rate) for a period equal in length to such Interest Period, as displayed on the applicable Bloomberg page (or on any successor or substitute page or service providing such quotations as determined by the Administrative Agent from time to time) at approximately 11:00 a.m. (Tokyo time) two (2) Term Benchmark Banking Days for Japanese Yen prior to the first day of such Interest Period;

provided, in each case, if such rate for any Currency is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

“Term SOFR” means,

(a) for any calculation with respect to a Term Benchmark Loan denominated in Dollars for any Interest Period, the sum of (i) the Term SOFR Credit Adjustment Spread and (ii) the Term SOFR Reference Rate for a tenor comparable to the applicable Interest Period on the day (such day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such Interest Period, as such rate is published by the Term SOFR Administrator; provided, that if as of 5:00 p.m. (New York City time) on any Periodic Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the

first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Periodic Term SOFR Determination Day, and

(b) for any calculation with respect to an ABR Loan on any day, the sum of (i) the Term SOFR Credit Adjustment Spread and (ii) the Term SOFR Reference Rate for a tenor of one month on the day (such day, the “Base Rate Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to such day, as such rate is published by the Term SOFR Administrator; provided that if as of 5:00 p.m. (New York City time) on any Base Rate Term SOFR Determination Day the Term SOFR Reference Rate for the applicable tenor has not been published by the Term SOFR Administrator and a Benchmark Replacement Date with respect to the Term SOFR Reference Rate has not occurred, then Term SOFR will be the Term SOFR Reference Rate for such tenor as published by the Term SOFR Administrator on the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate for such tenor was published by the Term SOFR Administrator so long as such first preceding U.S. Government Securities Business Day is not more than three (3) U.S. Government Securities Business Days prior to such Base Rate Term SOFR Determination Day.

“Term SOFR Administrator” means the CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Administrative Agent in its reasonable discretion).

“Term SOFR Credit Adjustment Spread” means 0.10%.

“Term SOFR Reference Rate” means the forward-looking term rate based on SOFR.

“Termination Date” means the earliest to occur of (i) the Extended Final Maturity Date, (ii) the date of the termination of the Commitments in full pursuant to Section 2.08(c), or (iii) the date on which the Commitments are terminated pursuant to Article VII.

“Testing Period” has the meaning assigned to such term in Section 5.12(b)(ii)(E)(x).

“Testing Quarter” has the meaning assigned to such term in Section 5.12(b)(ii)(B).

“Total Assets” means, as of any date of determination, the value of the total assets of the Obligors, less all liabilities and indebtedness not represented by senior securities, in each case, as of such date of determination.

“Total Assets Concentration Limitation” means, as of any date of determination, the amount by which the aggregate value of Equity Interests in Financing Subsidiaries held by the Obligors as of such date of determination exceeds 15% of the Total Assets as of such date of determination.

“Total Secured Debt” means, as of any date of determination, the aggregate amount of senior securities representing secured indebtedness of the Obligors as of such date of determination.

“Transactions” means the execution, delivery and performance by the Borrower of this Agreement and the other Loan Documents, the borrowing of Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder.

“Truist” means Truist Bank.

“Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans constituting such Borrowing, is determined by reference to the Adjusted Term Benchmark Rate, the Daily Simple RFR or the Alternate Base Rate.

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

“Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.

“Unasserted Contingent Obligations” means all (i) unasserted contingent indemnification obligations not then due and payable and (ii) unasserted expense reimbursement obligations not then due and payable. For the avoidance of doubt, “Unasserted Contingent Obligations” shall not include any reimbursement obligations in respect of any Letter of Credit.

“Undisclosed Administration” means, in relation to a Lender, the appointment of an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed.

“Uniform Commercial Code” means the Uniform Commercial Code as in effect from time to time in the State of New York.

“Unquoted Investments” means a Portfolio Investment with a value assigned by the Borrower pursuant to Section 5.12(b)(ii)(B).

“Unsecured Longer-Term Indebtedness” means any Indebtedness of an Obligor (which may be Guaranteed by Subsidiary Guarantors) that (a) has no amortization (other than for amortization in an amount not greater than 1% of the aggregate initial principal amount of such

Indebtedness per annum, provided that amortization in excess of 1% per annum shall be permitted so long as the amount of such amortization in excess of 1% is permitted to be incurred pursuant to Section 6.01(m) and Section 6.01(o)) prior to, and a final maturity date not earlier than, six months after the Extended Final Maturity Date (it being understood that (A) none of: (w) the conversion features under convertible notes; (x) the triggering and/or settlement thereof or (y) any cash payment made in respect thereof, shall constitute “amortization” for purposes of this clause (a); and (B) any mandatory amortization that is contingent upon the happening of an event that is not certain to occur (including a change of control or bankruptcy) shall not in and of itself be deemed to disqualify such Indebtedness under this clause (a)), (b) is incurred pursuant to documentation that is substantially comparable to market terms for substantially similar debt of other similarly situated borrowers as determined by the Borrower in its reasonable judgment and (c) is not secured by any assets of any Obligor.

“Unsecured Shorter-Term Indebtedness” means, collectively, (a) any Indebtedness of an Obligor that is not secured by any assets of any Obligor and that does not constitute Unsecured Longer-Term Indebtedness and (b) any Indebtedness that is designated as “Unsecured Shorter-Term Indebtedness” pursuant to Section 6.11(a); provided that Unsecured Shorter-Term Indebtedness shall not include any Indebtedness permitted pursuant to Section 6.01(l).

“U.S. Government Securities” means securities that are direct obligations of, and obligations the timely payment of principal and interest on which is fully guaranteed by, the United States or any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States and in the form of conventional bills, bonds, and notes.

“U.S. Government Securities Business Day” means any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.

“Value” has the meaning assigned to such term in Section 5.13.

“Withdrawal Liability” means liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

“Write-Down and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that

any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

SECTION 1.02.Classification of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Syndicated Dollar Loan” or “Syndicated Multicurrency Loan”), by Type (e.g., an “ABR Loan”) or by Class and Type (e.g., a “Syndicated Multicurrency Term Benchmark Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Dollar Borrowing”, “Multicurrency Borrowing” or “Syndicated Borrowing”), by Type (e.g., an “ABR Borrowing”) or by Class and Type (e.g., a “Syndicated ABR Borrowing” or “Syndicated Multicurrency Term Benchmark Borrowing”). Loans and Borrowings may also be identified by Currency.

SECTION 1.03.Terms Generally. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will” shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise (a) any definition of or reference to any agreement, instrument or other document herein shall be construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein), (b) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, and (e) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights. Any reference herein to a merger, amalgamation, consolidation, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were a merger, amalgamation, consolidation or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity).

SECTION 1.04.Accounting Terms; GAAP. Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, (a) if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after the date hereof in GAAP or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such

provision amended in accordance herewith and (b) all leases that are or would have been treated as operating leases for purposes of GAAP prior to the issuance on February 25, 2016 of the Accounting Standards Update (the “ASU”) shall continue to be accounted for as operating leases for purposes of all financial definitions and calculations for purposes of the Loan Documents (whether or not such operating lease obligations were in effect on such date) notwithstanding the fact that such obligations are required in accordance with the ASU (on a prospective or retroactive basis or otherwise) to be treated as capitalized lease obligations in the financial statements to be delivered pursuant to the Loan Documents. The Borrower covenants and agrees with the Lenders that whether or not the Borrower may at any time adopt Financial Accounting Standard No. 159 (or successor standard solely as it relates to fair valuing liabilities) or accounts for liabilities acquired in an acquisition on a fair value basis pursuant to Financial Accounting Standard No. 141(R) (or successor standard solely as it relates to fair valuing liabilities), all determinations of compliance with the terms and conditions of this Agreement shall be made on the basis that the Borrower has not adopted Financial Accounting Standard No. 159 (or such successor standard solely as it relates to fair valuing liabilities) or, in the case of liabilities acquired in an acquisition, Financial Accounting Standard No. 141(R) (or such successor standard solely as it relates to fair valuing liabilities).

SECTION 1.05.Currencies; Currency Equivalents.

(a)Currencies Generally. At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at such time whether or not the name of such Currency is the same as it was on the date hereof. Except as provided in Section 2.10(b) and the last sentence of Section 2.17(a), for purposes of determining (i) whether the amount of any Borrowing or Letter of Credit under the Multicurrency Commitments, together with all other Borrowings and Letters of Credit under the Multicurrency Commitments then outstanding or to be borrowed at the same time as such Borrowing, would exceed the aggregate amount of the Multicurrency Commitments, (ii) the aggregate unutilized amount of the Multicurrency Commitments, (iii) the Revolving Credit Exposure, (iv) the Multicurrency LC Exposure, (v) the Covered Debt Amount and (vi) the Borrowing Base or the Value or the fair market value of any Portfolio Investment, the outstanding principal amount of any Borrowing or Letter of Credit that is denominated in any Foreign Currency or the Value or the fair market value of any Portfolio Investment that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing, Letter of Credit or Portfolio Investment, as the case may be, determined as of the date of such Borrowing or Letter of Credit (determined in accordance with the last sentence of the definition of the term “Interest Period”) or the date of valuation of such Portfolio Investment, as the case may be. Wherever in this Agreement in connection with a Borrowing or Loan an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency). Notwithstanding the foregoing, for purposes of determining compliance with any basket in Sections 6.03(g) or 6.04(f), in no event shall the Borrower or any Obligor be deemed to not be in compliance with any such basket solely as a result of a change in exchange rates.

(b)Special Provisions Relating to Euro. Each obligation hereunder of any party hereto that is denominated in the National Currency of a state that is not a Participating Member State on the

date hereof shall, effective from the date on which such state becomes a Participating Member State, be redenominated in Euro in accordance with the legislation of the European Union applicable to the European Monetary Union; provided that, if and to the extent that any such legislation provides that any such obligation of any such party payable within such Participating Member State by crediting an account of the creditor can be paid by the debtor either in Euros or such National Currency, such party shall be entitled to pay or repay such amount either in Euros or in such National Currency. If the basis of accrual of interest or fees expressed in this Agreement with respect to an Agreed Foreign Currency of any country that becomes a Participating Member State after the date on which such currency becomes an Agreed Foreign Currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing denominated in such currency that is outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor.

Without prejudice to the respective liabilities of the Borrower to the Lenders and the Lenders to the Borrower under or pursuant to this Agreement, each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time, in consultation with the Borrower, reasonably specify to be necessary or appropriate to reflect the introduction or changeover to the Euro in any country that becomes a Participating Member State after the date hereof; provided that the Administrative Agent shall provide the Borrower and the Lenders with prior notice of the proposed change with an explanation of such change in sufficient time to permit the Borrower and the Lenders an opportunity to respond to such proposed change.

SECTION 1.06.Rates. The Administrative Agent does not warrant or accept responsibility for, and shall not have any liability with respect to (a) the continuation of, administration of, submission of, calculation of or any other matter related to the Alternate Base Rate, the Daily Simple RFR, or the Term Benchmark Rate, or any component definition thereof or rates referred to in the definition thereof, or any alternative, successor or replacement rate thereto (including any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement rate (including any Benchmark Replacement) will be similar to, or produce the same value or economic equivalence of, or have the same volume or liquidity as, the Alternate Base Rate, the Daily Simple RFR, the Term Benchmark Rate or any other Benchmark prior to its discontinuance or unavailability, or (b) the effect, implementation or composition of any Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions that affect the calculation of the Alternate Base Rate, the Daily Simple RFR, the Term Benchmark Rate, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain the Alternate Base Rate, the Daily Simple RFR, the Term Benchmark Rate or any other Benchmark, in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation by any such information source or service of any such rate (or component thereof).

ARTICLE IITHE CREDITS

SECTION 2.01.The Commitments. Subject to the terms and conditions set forth herein:

(a)each Dollar Lender severally agrees to make Syndicated Loans in Dollars to the Borrower from time to time during such Dollar Lender’s Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Dollar Credit Exposure exceeding such Lender’s Dollar Commitment, (ii) the aggregate Revolving Dollar Credit Exposure of all of the Dollar Lenders with Dollar Commitments then in effect exceeding the aggregate Dollar Commitments at such time or (iii) the total Covered Debt Amount exceeding the Borrowing Base then in effect; and

(b)each Multicurrency Lender severally agrees to make Syndicated Loans in Dollars and in Agreed Foreign Currencies to the Borrower from time to time during such Multicurrency Lender’s Availability Period in an aggregate principal amount that will not result in (i) such Lender’s Revolving Multicurrency Credit Exposure exceeding such Lender’s Multicurrency Commitment, (ii) the aggregate Revolving Multicurrency Credit Exposure of all of the Multicurrency Lenders with Multicurrency Commitments then in effect exceeding the aggregate Multicurrency Commitments at such time or (iii) the total Covered Debt Amount exceeding the Borrowing Base then in effect.

Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Syndicated Loans.

SECTION 2.02.Loans and Borrowings.

(a)Obligations of Lenders. Each Syndicated Loan shall be made as part of a Borrowing consisting of Loans of the same Class of Commitments (other than with respect to any Syndicated Loan requested pursuant to Section 2.20), Currency and Type made by the applicable Lenders ratably in accordance with their respective Commitments of the applicable Class. The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

(b)Type of Loans. Subject to Section 2.13, each Syndicated Borrowing of a Class shall be constituted entirely of ABR Loans, Term Benchmark Loans or RFR Loans of such Class denominated in a single Currency as the Borrower may request in accordance herewith. Each ABR Loan shall be denominated in Dollars. Each Term Benchmark Loan shall be denominated in Dollars or an Agreed Foreign Currency (other than Sterling and Swiss Francs). Each RFR Loan shall be denominated in Sterling or Swiss Francs. Each Lender at its option may make any Term Benchmark Loan or RFR Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this Agreement.

(c)Minimum Amounts. Each Term Benchmark Borrowing and RFR Borrowing shall be in an aggregate amount of $1,000,000 or a larger multiple of $1,000,000, and each ABR Borrowing (whether a Syndicated Loan or a Swingline Loan) shall be in an aggregate amount of $1,000,000 or a larger multiple of $100,000 (or, in each case, such smaller amounts as may be agreed by the

Administrative Agent); provided that a Syndicated ABR Borrowing of a Class may be in an aggregate amount that is equal to the entire unused balance of the total Commitments of such Class or that is required to finance the reimbursement of an LC Disbursement of such Class as contemplated by Section 2.05(f). Borrowings of more than one Class, Currency and Type may be outstanding at the same time.

(d)Limitations on Interest Periods. Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request (or to elect to convert to or continue as a Term Benchmark Borrowing or RFR Borrowing) any Borrowing if the Interest Period requested therefor would end after the Final Maturity Date with respect to such Borrowing.

(e)Treatment of Classes. Notwithstanding anything to the contrary contained herein, with respect to each Syndicated Loan, Swingline Loan or Letter of Credit designated in Dollars (including any Loan requested pursuant to Section 2.20), the Administrative Agent shall deem the Borrower to have requested that such Syndicated Loan, Swingline Loan or Letter of Credit be applied ratably to each of the Dollar Commitments and the Multicurrency Commitments, based upon the percentage of the aggregate Commitments represented by the Dollar Commitments and the Multicurrency Commitments, respectively; provided that, if the ratable share of such Syndicated Loan, Swingline Loan or Letter of Credit that would be applied to the Multicurrency Commitments pursuant to this clause (e) exceeds the unused Multicurrency Commitments, such excess shall be allocated to the Dollar Commitments (rather than the Multicurrency Commitments) up to an amount not to exceed the unused Dollar Commitments.

SECTION 2.03.Requests for Syndicated Borrowings.

(a)Notice by the Borrower. To request a Syndicated Borrowing, the Borrower shall notify the Administrative Agent of such request by telephone or electronic communication (i) in the case of a Term Benchmark Borrowing denominated in Dollars, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed Borrowing, (ii) in the case of a Term Benchmark Borrowing denominated in a Foreign Currency, not later than 11:00 a.m., New York City time, four (4) Business Days before the date of the proposed Borrowing, (iii) in the case of an RFR Borrowing, not later than 11:00 a.m., New York City time, four (4) Business Days before the date of the proposed Borrowing or (iv) in the case of a Syndicated ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed Borrowing. Each such telephonic Borrowing Request shall be irrevocable and shall be confirmed promptly by hand delivery, electronic communication or telecopy to the Administrative Agent of a written Borrowing Request in a form reasonably approved by the Administrative Agent and signed by the Borrower.

(b)Content of Borrowing Requests. Each telephonic and written Borrowing Request shall specify the following information in compliance with Section 2.02:

(i)whether such Borrowing is to be made under the Dollar Commitments or the Multicurrency Commitments;

(ii)the aggregate amount and Currency of the requested Borrowing;

(iii)the date of such Borrowing, which shall be a Business Day;

(iv)in the case of a Syndicated Borrowing denominated in Dollars, whether such Borrowing is to be an ABR Borrowing or a Term Benchmark Borrowing;

(v)in the case of a Borrowing denominated in an Agreed Foreign Currency, whether such Borrowing is to be a Term Benchmark Borrowing or an RFR Borrowing;

(vi)in the case of a Term Benchmark Borrowing or RFR Borrowing, the Interest Period therefor, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d); and

(vii)the location and number of the Borrower’s account to which funds are to be disbursed.

(c)Notice by the Administrative Agent to the Lenders. Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each applicable Lender of the details thereof and of the amounts of such Lender’s Loan to be made as part of the requested Borrowing.

(d)Failure to Elect. If no election as to the Class of a Syndicated Borrowing is specified, then the requested Syndicated Borrowing shall be deemed to be under the Multicurrency Commitments. If no election as to the Currency of a Syndicated Borrowing is specified, then the requested Syndicated Borrowing shall be denominated in Dollars. If no election as to the Type of a Syndicated Borrowing is specified, then the requested Borrowing shall be a Term Benchmark Borrowing having an Interest Period of one month and, if an Agreed Foreign Currency has been specified, the requested Syndicated Borrowing shall be a Term Benchmark Borrowing or RFR Borrowing, as applicable, denominated in such Agreed Foreign Currency and having an Interest Period of one month. If a Term Benchmark Borrowing or RFR Borrowing is requested but no Interest Period is specified, (i) if the Currency specified for such Borrowing is Dollars (or if no Currency has been specified), the requested Borrowing shall be a Term Benchmark Borrowing denominated in Dollars having an Interest Period of one month’s duration, and (ii) if the Currency specified for such Borrowing is an Agreed Foreign Currency, the Borrower shall be deemed to have selected an Interest Period of one month’s duration.

SECTION 2.04.Swingline Loans.

(a)Agreement to Make Swingline Loans. Subject to the terms and conditions set forth herein, each Swingline Lender severally agrees to make Swingline Loans under each Commitment to the Borrower from time to time during the Extended Availability Period in Dollars, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of outstanding Swingline Loans of both Classes of Commitments exceeding $150,000,000 or the aggregate principal amount of outstanding Swingline Loans of any Swingline Lender exceeding the amount set forth opposite the name of such Swingline Lender on Schedule 2.04, (ii)(A) in the case of any Swingline Lender with a Dollar Commitment, the sum of such Swingline Lender’s outstanding Dollar Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure exceeding its Dollar Commitment and (B) in the case of any Swingline Lender with a Multicurrency Commitment, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline

Exposure exceeding its Multicurrency Commitment, (iii) the total Revolving Dollar Credit Exposures exceeding the aggregate Dollar Commitments at such time, (iv) the total Revolving Multicurrency Credit Exposures exceeding the aggregate Multicurrency Commitments at such time or (v) the total Covered Debt Amount exceeding the Borrowing Base then in effect; provided that no Swingline Lender shall be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans.

(b)Notice of Swingline Loans by the Borrower. To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request by telephone (confirmed by telecopy or electronic communication) not later than 1:00 p.m., New York City time, on the day of such proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the Swingline Lender from which such Swingline Loan shall be made, the requested date (which shall be a Business Day) and the amount of the requested Swingline Loan. The Administrative Agent will promptly advise the applicable Swingline Lender of any such notice received from the Borrower. Each Swingline Lender shall make each applicable Swingline Loan by wire transfer of immediately available funds to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders by 4:00 p.m., New York City time, on the requested date of such Swingline Loan. The Administrative Agent will make such Swingline Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower; provided that Swingline Loans made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

(c)Participations by Lenders in Swingline Loans. Subject to Section 2.20, any Swingline Lender may by written notice given to the Administrative Agent not later than 10:00 a.m., New York City time on any Business Day, require the Lenders of the applicable Class of Commitments to acquire participations on such Business Day in all or a portion of the outstanding Swingline Loans of such Class made by such Swingline Lender. Such notice to the Administrative Agent shall specify the aggregate amount of Swingline Loans in which the applicable Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each applicable Lender, specifying in such notice such Lender’s Applicable Percentage of such Swingline Loan or Loans. Each Lender hereby absolutely and unconditionally agrees, upon receipt of notice as provided above in this paragraph, to pay to the Administrative Agent, for account of the applicable Swingline Lender, such Lender’s Applicable Percentage, as the case may be, of such Swingline Loan or Loans; provided that no Lender shall be required to purchase a participation in a Swingline Loan pursuant to this Section 2.04(c) if (x) the conditions set forth in Section 4.02 would not be satisfied in respect of a Borrowing at the time such Swingline Loan was made and (y) the Required Lenders of the respective Class shall have so notified the applicable Swingline Lender in writing and shall not have subsequently determined that the circumstances giving rise to such conditions not being satisfied no longer exist. Unless a Swingline Lender has received the written notice referred to in the previous sentence prior to the time such Swingline Loan was made, then, subject to the terms and conditions hereof, such Swingline Lender shall be entitled to assume all such conditions are satisfied.

Subject to the foregoing and Section 2.20, each Lender acknowledges and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph (c) is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination of the Commitments of the

respective Class, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatismutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Swingline Lender the amounts so received by it from the Lenders. The Administrative Agent shall notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to the relevant Swingline Lender. Any amounts received by a Swingline Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by such Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Lenders that shall have made their payments pursuant to this paragraph and to the applicable Swingline Lender, as their interests may appear. The purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Borrower of any default in the payment thereof.

(d)Resignation and Replacement of Swingline Lender. Any Swingline Lender may resign and be replaced at any time by written agreement among the Borrower, the Administrative Agent, the replaced Swingline Lender and a successor Swingline Lender. The Administrative Agent shall notify the Lenders of any such replacement of any Swingline Lender. In addition if any Swingline Lender, in its capacity as a Lender, assigns all of its Loans and Commitments in connection with the terms of this Agreement, such Swingline Lender shall be deemed to have automatically resigned as a Swingline Lender hereunder. The Administrative Agent shall notify the Lenders of any such replacement of any Swingline Lender. At the time any such replacement or resignation shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced or resigning Swingline Lender pursuant Section 2.11. From and after the effective date of any such replacement, (i) the successor Swingline Lender shall have all the rights and obligations of the replaced Swingline Lender under this Agreement with respect to Swingline Loans to be made by such successor Swingline Lender thereafter and (ii) references herein to the term “Swingline Lender” and/or “Swingline Lenders” shall be deemed to refer to such successor or successors (and the other current Swingline Lenders, if applicable) or to any previous Swingline Lender, or to such successor or successors (and all current Swingline Lenders) and all previous Swingline Lenders, as the context shall require. After the replacement or resignation of the Swingline Lender hereunder, the replaced or resigning Swingline Lender shall have no obligation to make additional Swingline Loans.

(e)Designation of Additional Swingline Lenders. The Borrower may, at any time and from time to time, with the consent of the Administrative Agent (which consent shall not be unreasonably withheld), designate as additional Swingline Lenders one (1) or more Lenders that agree to serve in such capacity as provided below. The acceptance by a Lender of an appointment as a Swingline Lender hereunder shall be evidenced by an agreement, which shall be in form and substance reasonably satisfactory to the Administrative Agent, executed by the Borrower, the Administrative Agent and such designated Lender and, from and after the effective date of such agreement, (i) such Lender shall have all the rights and obligations of a Swingline Lender under this Agreement and the other Loan Documents and (ii) references herein or therein to the term “Swingline Lender” shall be deemed to include such Lender in its capacity as a maker of Swingline Loans hereunder.

SECTION 2.05.Letters of Credit.

(a)General. Subject to the terms and conditions set forth herein, in addition to the Loans provided for in Section 2.01, the Borrower may request each Issuing Bank to issue, at any time and from time to time during the Extended Availability Period and under either the Dollar Commitments or Multicurrency Commitments, Letters of Credit denominated in Dollars or (in the case of Letters of Credit under the Multicurrency Commitments) in any Agreed Foreign Currency for its own account or the account of its designee (provided that the Obligors shall remain primarily liable to the Lenders hereunder for payment and reimbursement of all amounts payable in respect of the Letters of Credit hereunder) in such form as is acceptable to such Issuing Bank in its reasonable determination. Letters of Credit issued hereunder shall constitute utilization of the Commitments up to the aggregate amount available to be drawn thereunder. Without limiting any rights of an Issuing Bank under this Section 2.05, no Issuing Bank shall be obligated to issue, amend, renew or extend any Letter of Credit denominated in any Foreign Currency if at the time of such issuance, such Issuing Bank, in its capacity as a Lender, would not be required to make Loans in such Foreign Currency hereunder.

(b)Notice of Issuance, Amendment, Renewal or Extension. To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), the Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by such Issuing Bank) to any Issuing Bank and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (d) of this Section), the amount and Currency of such Letter of Credit, whether such Letter of Credit is to be issued under the Dollar Commitments or the Multicurrency Commitments, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit. If requested by the applicable Issuing Bank, the Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit. In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into by the Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.

(c)Limitations on Amounts. A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the aggregate LC Exposure of the applicable Issuing Bank requested to issue such Letter of Credit (determined for these purposes without giving effect to the participations therein of the Lenders pursuant to paragraph (e) of this Section) shall not exceed the amount set forth opposite the name of such Issuing Bank on Schedule 2.05 (or such greater amount as such Issuing Bank may agree in its sole discretion); (ii) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect shall not exceed the aggregate Dollar Commitments at such time; (iii) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect shall not exceed the aggregate Multicurrency Commitments at such time; and (iv)(A) with respect to each Issuing Bank that is a Swingline Lender with a Dollar Commitment, the sum of such Swingline Lender’s outstanding Dollar Loans, its LC

Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Dollar Commitment then in effect and (B) with respect to each Issuing Bank that is a Swingline Lender with a Multicurrency Commitment, the sum of such Swingline Lender’s outstanding Multicurrency Loans, its LC Exposure, its outstanding Swingline Loans and (without duplication) its other Swingline Exposure shall not exceed its Multicurrency Commitment then in effect; and (v) the total Covered Debt Amount shall not exceed the Borrowing Base then in effect.

(d)Expiration Date. Each Letter of Credit shall expire at or prior to the close of business on the date twelve months after the date of the issuance of such Letter of Credit (or, in the case of any renewal or extension thereof, twelve months after the then-current expiration date of such Letter of Credit, so long as such renewal or extension occurs within three months of such then-current expiration date); provided that any Letter of Credit with a one-year term may provide for the renewal thereof for additional one-year periods. No Letter of Credit may be renewed following the earlier to occur of the Extended Commitment Termination Date and the Termination Date, except to the extent that the relevant Letter of Credit is Cash Collateralized no later than five (5) Business Days prior to the Extended Commitment Termination Date or Termination Date, as applicable, or supported by another letter of credit, in each case pursuant to arrangements reasonably satisfactory to the applicable Issuing Bank and the Administrative Agent.

(e)Participations. Subject to Section 2.20, by the issuance of a Letter of Credit of a Class of Commitment (or an amendment to a Letter of Credit increasing the amount thereof) by an Issuing Bank, and without any further action on the part of such Issuing Bank or the Lenders, the Issuing Bank hereby grants to each Lender of such Class, and each Lender of such Class hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Applicable Dollar Percentage or Applicable Multicurrency Percentage, as the case may be, of the aggregate amount available to be drawn under such Letter of Credit. Each Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the applicable Commitments; provided that no Lender shall be required to purchase a participation in a Letter of Credit pursuant to this Section 2.05(e) if (x) the conditions set forth in Section 4.02 would not be satisfied in respect of a Borrowing at the time such Letter of Credit was issued and (y) the Administrative Agent or any Lender shall have so notified such Issuing Bank in writing at least two (2) Business Days prior to the requested date of issuance of such Letter of Credit and shall not have subsequently determined that the circumstances giving rise to such conditions not being satisfied no longer exist. Unless an Issuing Bank has received written notice from any Lender, the Administrative Agent or the Borrower, at least two (2) Business Days prior to the requested date of issuance of the applicable Letter of Credit, that one or more applicable conditions contained in Section 4.02 shall not then be satisfied, then, subject to the terms and conditions hereof, such Issuing Bank shall be entitled to assume all such conditions are satisfied.

Subject to Section 2.20, in consideration and in furtherance of the foregoing, each Lender of a Class of Commitment hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for account of each Issuing Bank, such Lender’s Applicable Dollar Percentage or Applicable Multicurrency Percentage, as the case may be, of each LC Disbursement made by such Issuing Bank in respect of Letters of Credit of such Class promptly upon the request of such Issuing Bank at any time from the time of such LC Disbursement until such LC

Disbursement is reimbursed by the Borrower or at any time after any reimbursement payment is required to be refunded to the Borrower for any reason. Such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each such payment shall be made in the same manner as provided in Section 2.06 with respect to Loans made by such Lender (and Section 2.06 shall apply, mutatismutandis, to the payment obligations of the Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to the next following paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that the Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Lenders and such Issuing Bank as their interests may appear. Any payment made by a Lender pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such LC Disbursement.

(f)Reimbursement. If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such Issuing Bank in respect of such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement not later than 11:00 a.m., New York City time, on (i) the Business Day that the Borrower receives notice of such LC Disbursement, if such notice is received prior to 10:00 a.m., New York City time, or (ii) the Business Day immediately following the day that the Borrower receives such notice, if such notice is not received prior to such time; provided that, if such LC Disbursement is not less than $1,000,000 (or such smaller amount as may be agreed to by the Administrative Agent) and is denominated in Dollars, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.03 or 2.04 that such payment be financed with a Syndicated ABR Borrowing or a Swingline Loan of the respective Class in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Syndicated ABR Borrowing or Swingline Loan.

If the Borrower fails to make such payment when due, the Administrative Agent shall notify each applicable Lender with a Commitment then in effect of the applicable LC Disbursement, the payment then due from the Borrower in respect thereof and such Lender’s Applicable Dollar Percentage or Applicable Multicurrency Percentage, as the case may be, thereof.

(g)Obligations Absolute. The Borrower’s obligation to reimburse LC Disbursements as provided in paragraph (f) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply strictly with the terms of such Letter of Credit, and (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of the Borrower’s obligations hereunder.

Neither the Administrative Agent, the Lenders nor any Issuing Bank, nor any of their Related Parties, shall have any liability or responsibility by reason of or in connection with

the issuance or transfer of any Letter of Credit by such Issuing Bank or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of such Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to special, indirect, consequential or punitive damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by such Issuing Bank’s fraud, gross negligence or willful misconduct when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto expressly agree that:

(i)the Issuing Banks may accept documents that appear on their face to be in substantial compliance with the terms of a Letter of Credit without responsibility for further investigation, regardless of any notice or information to the contrary, and may make payment upon presentation of documents that appear on their face to be in substantial compliance with the terms of such Letter of Credit;

(ii)the Issuing Banks shall have the right, in their sole discretion, to decline to accept such documents and to make such payment if such documents are not in strict compliance with the terms of such Letter of Credit; and

(iii)this sentence shall establish the standard of care to be exercised by the Issuing Banks when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof (and the parties hereto hereby waive, to the extent permitted by applicable law, any standard of care inconsistent with the foregoing).

(h)Disbursement Procedures. Each Issuing Bank shall, within a reasonable time following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit issued by such Issuing Bank. The applicable Issuing Bank shall promptly after such examination notify the Administrative Agent and the Borrower by telephone (confirmed by telecopy or electronic communication) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such Issuing Bank and the applicable Lenders with respect to any such LC Disbursement.

(i)Interim Interest. If any Issuing Bank shall make any LC Disbursement, then, unless the Borrower shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Syndicated ABR Loans; provided that, if the Borrower fails to reimburse such LC Disbursement within two (2) Business Days following the date when due pursuant to paragraph (f) of this Section, then the provisions of Section 2.12(d) shall apply. Interest accrued pursuant to this paragraph shall be for account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Lender pursuant to paragraph (f) of this Section to reimburse such Issuing Bank shall be for account of such Lender to the extent of such payment.

(j)Resignation and/or Replacement of an Issuing Bank. An Issuing Bank may resign and be replaced at any time by written agreement among the Borrower, the Administrative Agent, the resigning Issuing Bank and the successor Issuing Bank. In addition, if any Issuing Bank, in its capacity as a Lender, assigns all of its Loans and Commitments in accordance with the terms of this Agreement, such Issuing Bank may, with the prior written consent of the Borrower (such consent not to be unreasonably withheld or delayed; provided that no consent of the Borrower shall be required if a Specified Event of Default has occurred and is continuing), resign as an Issuing Bank hereunder upon not less than three (3) Business Days prior written notice to the Administrative Agent and the Borrower; provided, further, in determining whether to give any such consent, the Borrower may consider, among other factors, the sufficiency of availability of Letters of Credit hereunder. The Administrative Agent shall notify the Lenders of any such resignation and replacement of an Issuing Bank. Upon the effectiveness of any resignation or replacement of an Issuing Bank, the Borrower shall pay all unpaid fees accrued for account of the resigning or replaced Issuing Bank pursuant to Section 2.11(b). From and after the effective date of the appointment of a successor Issuing Bank, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein to the term “Issuing Bank” and/or “Issuing Banks” shall be deemed to refer to such successor or successors (and other current Issuing Banks, if applicable) or to any previous Issuing Bank, or to such successor or successors (and all other current Issuing Banks) and all previous Issuing Banks, as the context shall require. After the effective replacement or resignation of the Issuing Bank hereunder, the replaced or resigning Issuing Bank, as the case may be, shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with respect to Letters of Credit issued by it prior to such resignation or replacement, but shall not be required to issue additional Letters of Credit.

(k)Cash Collateralization. If the Borrower shall be required to provide Cash Collateral for LC Exposure pursuant to Section 2.05(d), Section 2.09(a), Section 2.10(b) or (c), Section 2.20 or the last paragraph of Article VII, the Borrower shall immediately deposit into a segregated collateral account or accounts (herein, collectively, the “Letter of Credit Collateral Account”) in the name and under the dominion and control of the Administrative Agent Cash denominated in the Currency of the Letter of Credit under which such LC Exposure arises in an amount equal to the amount required under Section 2.09(a), Section 2.10(b) or (c), Section 2.20 or the last paragraph of Article VII, as applicable. Such deposit shall be held by the Administrative Agent as collateral in the first instance for the LC Exposure under this Agreement and thereafter for the payment of the “Secured Obligations” under and as defined in the Guarantee and Security Agreement, and for these purposes the Borrower hereby grants a security interest to the Administrative Agent for the benefit of the Lenders in the Letter of Credit Collateral Account and in any financial assets (as defined in the Uniform Commercial Code) or other property held therein.

(l)Additional Issuing Banks. From time to time, the Borrower may, by notice to the Administrative Agent, designate additional Extending Lenders as Issuing Banks, each of which agrees (in its sole discretion) to act in such capacity and is reasonably satisfactory to the Administrative Agent; provided that each such notice shall include an updated Schedule 2.05; provided, further, that the Borrower shall not update Schedule 2.05 to increase any Issuing Bank’s maximum LC Exposure without such Issuing Bank’s consent. Each such additional Issuing Bank shall execute a counterpart of this Agreement upon the approval of the Administrative Agent (which approval shall not be unreasonably withheld) and shall thereafter be an Issuing Bank hereunder for all purposes.

SECTION 2.06.Funding of Borrowings.

(a)Funding by Lenders. Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by (i) in the case of any Loan (other than a Syndicated ABR Borrowing), 11:00 a.m. New York City time, and (ii) in the case of any Loan that is a Syndicated ABR Borrowing, 1:00 p.m. New York City time, in each case, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders; provided that Swingline Loans shall be made as provided in Section 2.04. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable Borrowing Request; provided that Syndicated ABR Borrowings made to finance the reimbursement of an LC Disbursement as provided in Section 2.05(f) shall be remitted by the Administrative Agent to the applicable Issuing Bank.

(b)Presumption by the Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the Federal Funds Effective Rate or (ii) in the case of the Borrower, the interest rate applicable to ABR Loans. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing. Nothing in this paragraph shall relieve any Lender of its obligation to fulfill its commitments hereunder, and this paragraph shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

SECTION 2.07.Interest Elections.

(a)Elections by the Borrower for Syndicated Borrowings. Subject to Section 2.03(d), the Loans constituting each Syndicated Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Term Benchmark Borrowing or RFR Borrowing, shall have the Interest Period specified in such Borrowing Request. Thereafter, the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in the case of a Term Benchmark Borrowing or RFR Borrowing, may elect the Interest Period therefor, all as provided in this Section; provided, however, that (i) a Syndicated Borrowing of a Class may only be continued or converted into a Syndicated Borrowing of the same Class, (ii) a Syndicated Borrowing denominated in one Currency may not be continued as, or converted to, a Syndicated Borrowing in a different Currency, (iii) prior to the Extended Commitment Termination Date, no Term Benchmark Borrowing denominated in a Foreign Currency or RFR Borrowing may be continued if, after giving effect thereto, the aggregate Revolving Multicurrency Credit Exposures would exceed the aggregate Multicurrency Commitments, and (iv) a Term Benchmark Borrowing denominated in a Foreign Currency or RFR Borrowing may not be converted

to a Borrowing of a different Type. The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders of the respective Class holding the Loans constituting such Borrowing, and the Loans constituting each such portion shall be considered a separate Borrowing. This Section shall not apply to Swingline Loans, which may not be converted or continued.

(b)Notice of Elections. To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone, delivery of a signed interest election request or email by the time that a Borrowing Request would be required under Section 2.03 if the Borrower were requesting a Syndicated Borrowing of the Type resulting from such election to be made on the effective date of such election. Each such telephonic Interest Election Request shall be irrevocable and shall be confirmed promptly (but no later than the close of business on the date of such request) by hand delivery or telecopy or electronic communication to the Administrative Agent of a written Interest Election Request in a form approved by the Administrative Agent and signed by the Borrower.

(c)Content of Interest Election Requests. Each telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

(i)the Borrowing (including the Class of Commitment) to which such Interest Election Request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) of this paragraph shall be specified for each resulting Borrowing);

(ii)the effective date of the election made pursuant to such Interest Election Request, which shall be a Business Day;

(iii)whether, in the case of a Borrowing denominated in Dollars, the resulting Borrowing is to be an ABR Borrowing or a Term Benchmark Borrowing; and

(iv)if the resulting Borrowing is a Term Benchmark Borrowing or RFR Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d).

(d)Notice by the Administrative Agent to the Lenders. Promptly following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof and of such Lender’s portion of each resulting Borrowing.

(e)Failure to Elect; Events of Default. If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Term Benchmark Borrowing or RFR Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein, (i) if such Borrowing is denominated in Dollars, at the end of such Interest Period such Borrowing shall be converted to a Syndicated Term Benchmark Borrowing consistent with the existing Loan of the same Class having an Interest Period of one month, and (ii) if such Borrowing is denominated in a Foreign Currency, the Borrower shall be deemed to have selected an Interest Period of one month’s duration. Notwithstanding any contrary provision hereof (other than the last paragraph of Article VII),

if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower, (i) any Term Benchmark Borrowing denominated in Dollars shall, at the end of the applicable Interest Period for such Term Benchmark Borrowing, be automatically converted to an ABR Borrowing and (ii) any Term Benchmark Borrowing or RFR Borrowing denominated in a Foreign Currency shall not have an Interest Period of more than one month’s duration.

SECTION 2.08.Termination, Reduction or Increase of the Commitments.

(a)Scheduled Termination. Unless previously terminated, the Commitments of each Extending Lender with respect to such Extending Lender’s Extended Loans shall terminate on the Extended Commitment Termination Date and the Commitments of each Non-Extending Lender with respect to such Non-Extending Lender’s Non-Extended Loans shall terminate on the Non-Extended Commitment Termination Date for such Non-Extending Lender.

(b)Voluntary Termination or Reduction. The Borrower may at any time without premium or penalty terminate, or from time to time reduce, the Commitments of either Class of Commitment; provided that (i) each reduction of the Commitments of a Class shall be in an amount that is $10,000,000 (or, if less, the entire amount of the Commitments of such Class) or a larger multiple of $1,000,000 in excess thereof (or, if less, the entire amount of the Commitments of such Class) and (ii) the Borrower shall not terminate or reduce the Commitments of either Class of Commitment if, after giving effect to any concurrent prepayment of the Syndicated Loans of such Class in accordance with Section 2.10, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class. Any such reduction of the Commitments below the principal amount of the Swingline Loans permitted under Section 2.04(a)(i) and the Letters of Credit permitted under Section 2.05(c)(i) shall result in a dollar-for-dollar reduction of such amounts as applicable.

(c)Notice of Voluntary Termination or Reduction. The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments of a Class delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities or events, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

(d)Effect of Termination or Reduction. Any termination or reduction of the Commitments of a Class of Commitments pursuant to clause (b) shall be permanent. Each reduction of the Commitments of a Class of Commitments pursuant to clause (b) shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

(e)Increase of the Commitments.

(i)Requests for Increase by Borrower. The Borrower may, at any time, request that the Commitments hereunder of a Class of Commitments be increased (each such

proposed increase being a “Commitment Increase”) (provided that in no event shall a Class of Non-Extended Loans be increased hereunder), upon notice to the Administrative Agent (who shall promptly notify the Lenders), which notice shall specify each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which shall be a Business Day at least three (3) Business Days (or such shorter period as the Administrative Agent may reasonably agree) after delivery of such notice and at least 30 days prior to the Extended Commitment Termination Date; provided that:

(A)the minimum amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $10,000,000 or a larger multiple of $5,000,000 in excess thereof (or such lesser amount as the Administrative Agent may reasonably agree);

(B)immediately after giving effect to such Commitment Increase (including, if applicable, the substantially concurrent reduction of the Commitments of a Non-Extending Lender in accordance with Section 2.08(f)), the total Commitments of all of the Lenders hereunder shall not exceed $2,000,000,000;

(C)each Assuming Lender shall be consented to by the Administrative Agent and each Issuing Bank (such consent not to be unreasonably withheld or delayed);

(D)no Default shall have occurred and be continuing on such Commitment Increase Date or shall result from the proposed Commitment Increase; and

(E)the representations and warranties contained in this Agreement shall be true and correct in all material respects (or, in the case of any portion of the representations and warranties already subject to a materiality qualifier, true and correct in all respects) on and as of the Commitment Increase Date as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific date).

(ii)Effectiveness of Commitment Increase by Borrower. An Assuming Lender, if any, shall become a Lender hereunder as of such Commitment Increase Date and the Commitment of the respective Class of any Increasing Lender and such Assuming Lender shall be increased as of such Commitment Increase Date; provided that:

(x) the Administrative Agent shall have received on or prior to 11:00 a.m., New York City time, on such Commitment Increase Date (or on or prior to a time on an earlier date specified by the Administrative Agent) a certificate of a duly authorized officer of the Borrower stating that each of the applicable conditions to

such Commitment Increase set forth in the foregoing paragraph (i) has been satisfied; and

(y) each Assuming Lender or Increasing Lender shall have delivered to the Administrative Agent, on or prior to 11:00 a.m., New York City time on such Commitment Increase Date (or on or prior to a time on an earlier date specified by the Administrative Agent), an agreement, in form and substance satisfactory to the Borrower and the Administrative Agent, pursuant to which such Lender shall, effective as of such Commitment Increase Date, undertake a Commitment or an increase of Commitment in each case of the respective Class, duly executed by such Assuming Lender or Increasing Lender, as applicable, and the Borrower and acknowledged by the Administrative Agent.

Promptly following satisfaction of such conditions, the Administrative Agent shall notify the Lenders of such Class (including any Assuming Lenders) thereof and of the occurrence of the Commitment Increase Date by facsimile transmission or electronic messaging system.

(iii)Recordation into Register. Upon its receipt of an agreement referred to in clause (ii)(y) above executed by an Assuming Lender or any Increasing Lender, together with the certificate referred to in clause (ii)(x) above, the Administrative Agent shall, if such agreement has been completed, (x) accept such agreement, (y) record the information contained therein in the Register and (z) give prompt notice thereof to the Borrower.

(iv)Adjustments of Borrowings upon Effectiveness of Increase. On the Commitment Increase Date, the Borrower shall (A) prepay the outstanding Loans (if any) of the affected Class of Commitments in full, (B) simultaneously borrow new Loans of such Class hereunder in an amount equal to such prepayment (which may also include the amount of any fees, expenses or amounts due by the Borrower on or prior to the Commitment Increase Date); provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any existing Lender shall be effected by book entry to the extent that any portion of the amount prepaid to such Lender will be subsequently borrowed from such Lender and (y) the existing Lenders, the Increasing Lenders and the Assuming Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans of such Class are held ratably by the Lenders of such Class in accordance with the respective Commitments of such Class of such Lenders (after giving effect to such Commitment Increase) and (C) pay to the Lenders of such Class the amounts, if any, payable under Section 2.15 as a result of any such prepayment. Concurrently therewith, the Lenders of such Class shall be deemed to have adjusted their participation interests in any outstanding Swingline Loans and Letters of Credit of such Class so that such interests are held ratably in accordance with their commitments of such Class as so increased.

(f)Reduction of Non-Extending Lenders’ Commitment. Notwithstanding anything to the contrary herein (including Section 2.08(d)):

(i)The Borrower may at any time terminate, or from time to time reduce, the Commitment of any Non-Extending Lender without reducing the Commitments of any other Lender of the same Class of Commitments as such Non-Extending Lender; provided that each reduction of the Commitment of a Non-Extending Lender hereunder shall be in an amount that is $10,000,000 or a larger multiple of $5,000,000 in excess thereof (or, in each case, the entire Commitment of such Non-Extending Lender).

(ii)The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitment of any Non-Extending Lender under this clause (f) at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise each Lender of the contents thereof. Each notice delivered by the Borrower pursuant to this clause (f) shall be irrevocable.

(iii)Any termination or reduction of the Commitment of any Non-Extending Lender pursuant to this clause (f) shall be permanent and shall be made concurrently with all required reallocation prepayments and cash collateralizations required under Section 2.20.

SECTION 2.09.Repayment of Loans; Evidence of Debt.

(a)Repayment. The Borrower hereby unconditionally promises to pay the Loans of each Class of Final Maturity Date or Commitments, as applicable, as follows:

(i)to the Administrative Agent for account of the Lenders of such Class of Final Maturity Date the outstanding principal amount of the Syndicated Loans of the Lenders of such Class of Final Maturity Date on the applicable Final Maturity Date; and

(ii)to the applicable Swingline Lender the then unpaid principal amount of each Swingline Loan of each Class of Commitment denominated in Dollars made by such Swingline Lender, on the earlier of the Extended Commitment Termination Date and the first date after such Swingline Loan is made that is the 15th or last day of a calendar month and is at least ten (10) Business Days after such Swingline Loan is made; provided that on each date that a Syndicated Borrowing of such Class of Commitment is made, the Borrower shall repay all Swingline Loans of such Class of Commitment then outstanding.

In addition, on the Extended Commitment Termination Date, the Borrower shall deposit Cash into the Letter of Credit Collateral Account (denominated in the Currency of the Letter of Credit under which such LC Exposure arises) in an amount equal to 100% of the undrawn face amount of all Letters of Credit outstanding on the close of business on the Extended Commitment Termination Date, such deposit to be held by the Administrative Agent as collateral security for the LC Exposure under this Agreement in respect of the undrawn portion of such Letters of Credit.

(b)Manner of Payment. Prior to any repayment or prepayment of any Borrowings to any Lenders of any Class of Commitment hereunder, the Borrower shall select the Borrowing or

Borrowings of such Class to be paid and shall notify the Administrative Agent by telephone (confirmed by telecopy or electronic communication) of such selection not later than the time set forth in Section 2.10(e) prior to the scheduled date of such repayment; provided that each repayment of Borrowings to any Lenders of a Class shall be applied to repay any outstanding ABR Borrowings of such Class before any other Borrowings of such Class. If the Borrower fails to make a timely selection of the Borrowing or Borrowings to be repaid or prepaid, such payment shall be applied, first, to pay any outstanding ABR Borrowings of the applicable Class and, second, to other Borrowings of such Class in the order of the remaining duration of their respective Interest Periods (the Borrowing with the shortest remaining Interest Period to be repaid first). Each payment of a Syndicated Borrowing to Lenders of a Class of Commitments shall be applied ratably to the Loans included in such Borrowing and each payment of a Syndicated Borrowing to Lenders of a Class of Final Maturity Date shall be applied ratably to Non-Extending Lenders or Extending Lenders, as applicable, with Loans included in such Borrowing.

(c)Maintenance of Records by Lenders. Each Lender shall maintain in accordance with its usual practice records evidencing the indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts and Currency of principal and interest payable and paid to such Lender from time to time hereunder.

(d)Maintenance of Records by the Administrative Agent. The Administrative Agent shall maintain records in which it shall record (i) the amount and Currency of each Loan made hereunder, the Class and Type thereof and each Interest Period therefor, (ii) the amount and Currency of any principal or interest due and payable or to become due and payable from the Borrower to each Lender of such Class of Commitment or Final Maturity Date hereunder and (iii) the amount and Currency of any sum received by the Administrative Agent hereunder for account of the Lenders and each Lender’s share thereof.

(e)Effect of Entries. The entries made in the records maintained pursuant to paragraph (c) or (d) of this Section shall be primafacie evidence, absent obvious error, of the existence and amounts of the obligations recorded therein; provided that the failure of any Lender or the Administrative Agent to maintain such records or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.

(f)Promissory Notes. Any Lender may request that Loans of any Class made by it be evidenced by a promissory note; in such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form reasonably approved by the Administrative Agent. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its registered assigns).

SECTION 2.10.Prepayment of Loans.

(a)Optional Prepayments. The Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, without premium or penalty except for payments under Section 2.15, subject to the requirements of this Section. Any prepayment of a Borrowing made in accordance with this clause (a) shall be applied ratably among the Lenders of a

Class of Commitment unless such prepayment is made in connection with the reduction of Commitments in accordance with Section 2.08(b) or (f) in which case such prepayment shall be applied in accordance with Section 2.08(d) or (f), as applicable.

(b)Mandatory Prepayments due to Changes in Exchange Rates.

(i)Determination of Amount Outstanding. On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving Multicurrency Credit Exposure. For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is received. Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the Borrower thereof.

(ii)Prepayment. If on the date of such determination the aggregate Revolving Multicurrency Credit Exposure minus the Multicurrency LC Exposure fully Cash Collateralized on such date exceeds 105% of the aggregate amount of the Multicurrency Commitments as then in effect, the Borrower shall, if requested by the Required Multicurrency Lenders (through the Administrative Agent), prepay the Syndicated Multicurrency Loans and Swingline Loans of the Swingline Lenders with a Multicurrency Commitment (and/or provide Cash Collateral for Multicurrency LC Exposure as specified in Section 2.05(k)) within 15 Business Days following the Borrower’s receipt of such request in such amounts as shall be necessary so that after giving effect thereto the aggregate Revolving Multicurrency Credit Exposure does not exceed the Multicurrency Commitments.

For purposes hereof “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure. The Administrative Agent shall not be required to make more than one valuation determination pursuant to Currency Valuation Notices within any rolling three month period.

Any prepayment pursuant to this paragraph shall be applied, first to Swingline Multicurrency Loans outstanding, second, to Syndicated Multicurrency Loans outstanding and third, as cover for Multicurrency LC Exposure.

(c)Mandatory Prepayments due to Borrowing Base Deficiency. In the event that at any time any Borrowing Base Deficiency shall exist, the Borrower shall, within five (5) Business Days after delivery of the applicable Borrowing Base Certificate, prepay the Loans (or provide Cash Collateral for Letters of Credit as contemplated by Section 2.05(k)) or reduce Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time in

such amounts as shall be necessary so that such Borrowing Base Deficiency is cured; provided that (i) the aggregate amount of such prepayment of Loans (and Cash Collateral for Letters of Credit) shall be at least equal to the Revolving Percentage times the aggregate prepayment of the Covered Debt Amount, and (ii) if, within five (5) Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency, the Borrower shall present the Administrative Agent with a reasonably feasible plan acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five (5) Business Days permitted for delivery of such plan), then such prepayment or reduction shall not be required to be effected immediately but may be effected in accordance with such plan (with such modifications as the Borrower may reasonably determine), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period (or any extended period consented to by the Administrative Agent in its sole discretion).

(d)Mandatory Prepayments During Amortization Period. During the period commencing on the date immediately following the Commitment Termination Date with respect to any Loans of any Lender or Lenders and ending on the Final Maturity Date with respect to the Loans of such Lender or Lenders:

(i)Asset Disposition. If the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) Disposes of any property which results in the receipt by such Person of Net Cash Proceeds in excess of $2,000,000 in the aggregate since the applicable Commitment Termination Date, the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of such Net Cash Proceeds no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

(ii)Equity Issuance. Upon the sale or issuance by the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) of any of its Equity Interests (other than any sales or issuances of Equity Interests to the Borrower or any Subsidiary Guarantor), the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 75% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

(iii)Indebtedness. Upon the incurrence or issuance by the Borrower or any of its Subsidiaries (other than a Financing Subsidiary) of any Indebtedness (other than the making of any Loans or issuance of any Letters of Credit hereunder), the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

(iv)Extraordinary Receipt. Upon any Extraordinary Receipt (which, when taken with all other Extraordinary Receipts received after the applicable Commitment Termination Date, exceeds $5,000,000 in the aggregate) received by or paid to or for the account of the Borrower or any of its Subsidiaries (other than a Financing Subsidiary), and not otherwise included in clauses (i), (ii) or (iii) of this Section 2.10(d), the Borrower

shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 100% of all Net Cash Proceeds received therefrom no later than the fifth Business Day following the receipt of such Net Cash Proceeds (such prepayments to be applied as set forth in Section 2.09(b)).

(v)Return of Capital. If any Obligor shall receive any Return of Capital (other than from any Financing Subsidiary), the Borrower shall prepay an aggregate principal amount of such Loans owed to such Lender or Lenders equal to 90% of such Return of Capital (excluding amounts payable by the Borrower pursuant to Section 2.15) no later than the fifth Business Day following the receipt of such Return of Capital (such prepayments to be applied as set forth in Section 2.09(b)).

Notwithstanding the foregoing, (I) Net Cash Proceeds and Return of Capital required to be applied to the prepayment of the Loans pursuant to this Section 2.10(d) shall (A) (I) from the period commencing on any Non-Extended Commitment Termination Date and ending on the Extended Commitment Termination Date, be applied ratably among the Non-Extending Lenders for which any Non-Extended Commitment Termination Date shall have occurred and (II) from the Extended Commitment Termination Date to the Extended Final Maturity Date, be applied in accordance with the Guarantee and Security Agreement and (B) exclude the amount necessary for the Borrower to make all required distributions (which shall be no less than the amount estimated in good faith by Borrower under Section 6.05(b) herein) to maintain the status of a RIC under the Code and a “business development company” under the Investment Company Act for so long as the Borrower retains such status and to avoid payment by the Borrower of federal excise Taxes imposed by Section 4982 of the Code for so long as the Borrower retains the status of a RIC under the Code and (II) if the Loans to be prepaid pursuant to this Section 2.10(d) are Term Benchmark Loans, the Borrower may defer such prepayment until the last day of the Interest Period applicable to such Loans owed to such Lender or Lenders, so long as the Borrower deposits an amount equal to such Net Cash Proceeds, no later than the fifth Business Day following the receipt of such Net Cash Proceeds, into a segregated collateral account in the name and under the dominion and control of the Administrative Agent, pending application of such amount to the prepayment of the Loans on the last day of such Interest Period; provided, further, that the Administrative Agent may direct the application of such deposits as set forth in Section 2.09(b) at any time and if the Administrative Agent does so, no amounts will be payable by the Borrower pursuant to Section 2.15.

(e)Notices, Etc. The Borrower shall notify the Administrative Agent (and, in the case of prepayment of a Swingline Loan made by a Swingline Lender, such Swingline Lender) by telephone (confirmed by telecopy or electronic communication) of any prepayment hereunder (i) in the case of prepayment of a Term Benchmark Borrowing denominated in Dollars (other than in the case of a prepayment pursuant to Section 2.10(d)), not later than 11:00 a.m., New York City time, three (3) Business Days before the date of prepayment (or such shorter period as may be agreed to by the Administrative Agent), (ii) in the case of prepayment of a Term Benchmark Borrowing denominated in a Foreign Currency (other than in the case of a prepayment pursuant to Section 2.10(d)), not later than 11:00 a.m., London time, four (4) Business Days before the date of prepayment, (iii) in the case of prepayment of a RFR Borrowing (other than in the case of a prepayment pursuant to Section 2.10(d)), not later than 11:00 a.m., London time, four (4) Business Days before the date of prepayment, (iv) in the case of prepayment of a Syndicated ABR Borrowing (other than in the case of a prepayment pursuant to Section 2.10(d)), not later than 11:00 a.m., New York City time on the date of prepayment,

(v) in the case of prepayment of a Swingline Loan, not later than 11:00 a.m., New York City time, on the date of prepayment, and (vi) in the case of any prepayment pursuant to Section 2.10(d), not later than 1:00 p.m., New York City time, on the date of prepayment or, in each case of the notice periods described in this clause (e), such lesser period as the Administrative Agent may reasonably agree. Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that, if (i) a notice of prepayment is given in connection with a conditional notice of reduction or termination of the Commitments of a Class as contemplated by Section 2.08, then such notice of prepayment may be revoked if such notice of reduction or termination is revoked in accordance with Section 2.08 and (ii) any notice given in connection with Section 2.10(d) may be conditioned on the consummation of the applicable transaction contemplated by such Section and the receipt by the Borrower or any such Subsidiary (other than a Financing Subsidiary) of Net Cash Proceeds. Promptly following receipt of any such notice relating to a Syndicated Borrowing, the Administrative Agent shall advise the affected Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would be permitted in the case of a Borrowing of the same Type as provided in Section 2.02 or in the case of a Swingline Loan, as provided in Section 2.04, except as necessary to apply fully the required amount of a mandatory prepayment. Each prepayment of a Syndicated Borrowing of a Class of Commitments or Final Maturity Date shall be applied ratably to the Loans held by the Lenders of such Class included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12 and shall be made in the manner specified in Section 2.09(b) unless such prepayment is made in connection with the reduction of Commitments in accordance with Section 2.08(b) or (f) in which case such prepayment shall be applied in accordance with Section 2.08(d) or (f), as applicable.

SECTION 2.11.Fees.

(a)Commitment Fee. The Borrower agrees to pay to the Administrative Agent for account of each Lender a commitment fee, which shall accrue at a rate per annum equal to 0.375% on the average daily unused amount of the Dollar Commitment and Multicurrency Commitment, as applicable, of such Lender during the period from and including the date hereof to but excluding the earlier of the date such commitment terminates and such Lender’s Commitment Termination Date. Accrued commitment fees shall be payable within one Business Day after each Quarterly Date and on the earlier of the date the Commitments of the respective Class terminate and the Commitment Termination Date of such Class, commencing on the first such date to occur after the date hereof. All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day). For purposes of computing commitment fees, (i) the daily unused amount of the applicable Commitment shall be determined as of the end of each day and (ii) the Commitment of any Class of a Lender shall be deemed to be used to the extent of the outstanding Syndicated Loans and LC Exposure of such Class of such Lender (and the Swingline Exposure of such Class of such Lender shall be disregarded for such purpose).

(b)Letter of Credit Fees. The Borrower agrees to pay (i) to the Administrative Agent for account of each Lender a participation fee with respect to its participations in Letters of Credit of each Class of Commitments, which shall accrue at a rate per annum equal to, in the case of any Extending Lender, the Extended Applicable Margin and, in the case of any Non-Extending Lender, the Non-Extended Applicable Margin, in each case, applicable to interest on Term Benchmark Loans (or,

if such Letter of Credit is denominated in Sterling or Swiss Francs, RFR Loans) on the average daily amount of such Lender’s LC Exposure of such Class (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date on which such Lender’s Commitment of such Class terminates and the date on which such Lender ceases to have any LC Exposure of such Class, and (ii) to each Issuing Bank a fronting fee, which shall accrue at the rate of 0.25% per annum on the average daily amount of such Issuing Bank’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as each Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder. Participation fees and fronting fees accrued through and including each Quarterly Date shall be payable on the third Business Day following such Quarterly Date, commencing on the first such date to occur after the Effective Date; provided that all such fees with respect to the Letters of Credit shall be payable (i) with respect to the Issuing Bank, on the Termination Date and (ii) with respect to any Lender, on the earlier to occur of such Lender’s Final Maturity Date and the Termination Date and the Borrower shall pay any such fees that have accrued and that are unpaid on such date and, in the event any Letters of Credit shall be outstanding that have expiration dates after the Termination Date, the Borrower shall prepay on the Termination Date the full amount of the participation and fronting fees that will accrue on such Letters of Credit subsequent to the Termination Date through but not including the date such outstanding Letters of Credit are scheduled to expire (and, in that connection, the Lenders agree not later than the date two (2) Business Days after the date upon which the last such Letter of Credit shall expire or be terminated to rebate to the Borrower the excess, if any, of the aggregate participation and fronting fees that have been prepaid by the Borrower over the sum of the amount of such fees that ultimately accrue through the date of such expiration or termination and the aggregate amount of all other unpaid obligations hereunder at such time). Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand. All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).

(c)Administrative Agent Fees. The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

(d)Payment of Fees. All fees payable hereunder shall be paid on the dates due, in Dollars (or, at the election of the Borrower with respect to any fees payable to an Issuing Bank on account of Letters of Credit issued by such Issuing Bank in any Foreign Currency, in such Foreign Currency) and immediately available funds, to the Administrative Agent (or to the applicable Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the Lenders entitled thereto. Fees paid shall not be refundable under any circumstances absent obvious error.

SECTION 2.12.Interest.

(a)ABR Loans. The Loans constituting each ABR Borrowing (including each Swingline Loan) that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Extended Applicable Margin. The Loans constituting each ABR

Borrowing (including each Swingline Loan) that are made by the Non-Extending Lenders shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Non-Extended Applicable Margin.

(b)Term Benchmark Loans. The Loans constituting each Term Benchmark Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the Adjusted Term Benchmark Rate for the related Interest Period for such Borrowing plus the Extended Applicable Margin. The Loans constituting each Term Benchmark Borrowing that are made by the Non-Extending Lenders shall bear interest at a rate per annum equal to the Term Benchmark Rate for the related Interest Period for such Borrowing plus the Non-Extended Applicable Margin.

(c)RFR Loans. The Loans constituting each RFR Borrowing that are made by the Extending Lenders shall bear interest at a rate per annum equal to the RFR plus the Extended Applicable Margin. The Loans constituting each RFR Borrowing that are made by the Non-Extending Lenders shall bear interest at a rate per annum equal to the Daily Simple RFR plus the Non-Extended Applicable Margin.

(d)Default Interest. Notwithstanding the foregoing, if any Event of Default has occurred and is continuing and the Required Lenders have elected to increase pricing, the interest rates applicable to Loans and any fee or other amount payable by the Borrower hereunder shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided above, (ii) in the case of any Letter of Credit, 2% plus the fee otherwise applicable to such Letter of Credit as provided in Section 2.11(b)(i), or (iii) in the case of any fee or other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.

(e)Payment of Interest. Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan in the Currency in which such Loan is denominated and, in the case of Syndicated Loans, with respect to any Lender, upon the earlier of such Lender’s Final Maturity Date and the Termination Date; provided that (i) interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of a Syndicated ABR Loan prior to such Lender’s Final Maturity Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Term Benchmark Borrowing denominated in Dollars prior to the end of the Interest Period therefor, accrued interest on such Borrowing shall be payable on the effective date of such conversion.

(f)Computation. All interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed (i) by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate and (ii) on Multicurrency Loans denominated in Sterling or Canadian Dollars shall be computed on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate, Daily Simple RFR or Adjusted Term Benchmark Rate shall be determined by the Administrative Agent and such determination shall be conclusive absent manifest error.

(g)Conforming Changes. In connection with the use or administration of Term SOFR, the Administrative Agent will have the right to make Conforming Changes from time to time and,

notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. The Administrative Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of Term SOFR.

SECTION 2.13.Inability to Determine Interest Rates. Subject to Section 2.21, if, prior to the commencement of any Interest Period for any Term Benchmark Borrowing of a Class or at any time for an RFR Borrowing (the Currency of such Borrowing herein called the “Affected Currency”):

(a)(A) in the case of a Term Benchmark Borrowing, the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) the Adjusted Term Benchmark Rate for the Affected Currency cannot be determined pursuant to the definition thereof or (B) in the case of an RFR Borrowing, the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that the Daily Simple RFR for the Affected Currency cannot be determined pursuant to the definition thereof; or

(b) (A) in the case of a Term Benchmark Borrowing, the Administrative Agent shall have received notice from the Required Lenders of such Class of Commitments that the Adjusted Term Benchmark Rate for the Affected Currency for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their respective Loans included in such Borrowing for such Interest Period or (B) in the case of an RFR Borrowing, the Administrative Agent shall have received notice from the Required Multicurrency Lenders that the Daily Simple RFR for the Affected Currency will not adequately and fairly reflect the cost to such Lenders of making or maintaining the Loans included in such RFR Borrowing;

then the Administrative Agent shall give written notice thereof (or telephonic notice, promptly confirmed in writing) to the Borrower and the affected Lenders as promptly as practicable thereafter. Until the Administrative Agent shall notify the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest Election Request that requests the conversion of any Syndicated Borrowing to, or the continuation of any Syndicated Borrowing as, a Term Benchmark Borrowing or RFR Borrowing denominated in the Affected Currency shall be ineffective and, if the Affected Currency is Dollars, such Syndicated Borrowing (unless prepaid) shall be continued as, or converted to, a Syndicated ABR Borrowing at the end of the applicable Interest Period, (ii) if the Affected Currency is Dollars and any Borrowing Request requests a Term Benchmark Borrowing denominated in Dollars, such Borrowing shall be made as a Syndicated ABR Borrowing, and (iii) if the Affected Currency is a Foreign Currency, (A) any Borrowing Request that requests a Term Benchmark Borrowing or RFR Borrowing denominated in the Affected Currency shall be ineffective, and (B) any outstanding Term Benchmark Borrowing or RFR Borrowing in the Affected Currency, at the Borrower’s election shall either (1) be converted into a Syndicated ABR Borrowing denominated in Dollars (in an amount equal to the Dollar Equivalent of such Affected Currency) immediately in the case of an RFR Borrowing or, in the case of a Term Benchmark Borrowing, at the end of the applicable Interest Period, or (2) be prepaid in full immediately in the case of an RFR Borrowing or, in the case of a Term Benchmark Borrowing, at the end of the applicable Interest Period; provided that if no election is made by the Borrower by the date that is three (3) Business Days after receipt by the Borrower of

such notice or, in the case of a Term Benchmark Borrowing, the last day of the current Interest Period for the applicable Term Benchmark Loan, if earlier, the Borrower shall be deemed to have elected clause (1) above.

SECTION 2.14. Increased Costs.

(a)Increased Costs Generally. If any Change in Law shall:

(i)impose, modify or deem applicable any reserve (including pursuant to regulations issued from time to time by the Board for determining the maximum reserve requirement (including any emergency, special, supplemental or other marginal reserve requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D)), special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for account of, or credit extended by, any Lender or any Issuing Bank; or

(ii)impose on any Lender or any Issuing Bank any other condition, cost or expense (other than Taxes) affecting this Agreement or Term Benchmark Loans or RFR Loans made by such Lender or any Letter of Credit or participation in any such Loan or Letter of Credit;

and the result of any of the foregoing shall be to increase the cost to such Lenders of making, converting to, continuing or maintaining any Term Benchmark Loan or RFR Loan (or of maintaining its obligation to make any such Loan) or to increase the cost to such Lender or such Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by such Lender or such Issuing Bank hereunder (whether of principal, interest or otherwise), then upon the request of such Lender or such Issuing Bank the Borrower will pay to such Lender or such Issuing Bank, as the case may be, in Dollars, such additional amount or amounts as will compensate such Lender or such Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered; provided that no Lender will claim the payment of any of the amounts referred to in this paragraph if not generally claiming similar compensation from its other similar customers in similar circumstances (it being understood that no Lender shall be required to disclose price sensitive information or any other information).

(b)Capital and Liquidity Requirements. If any Lender or any Issuing Bank determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Bank’s capital or on the capital of such Lender’s or such Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Swingline Loans and Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company with respect to capital adequacy and liquidity requirements), by an amount deemed to be material by such Lender or such Issuing Bank, then upon the request of such Lender or such Issuing Bank, the Borrower will pay to such Lender or such Issuing Bank, as the case may be, in Dollars, such additional amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company for any such

reduction suffered; provided that no Lender will claim the payment of any of the amounts referred to in this paragraph if not generally claiming similar compensation from its other similar customers in similar circumstances (it being understood that no Lender shall be required to disclose price sensitive information or any other information).

(c)Certificates from Lenders. A certificate of a Lender or an Issuing Bank (x) setting forth in reasonable detail the basis for and the calculation of the amount or amounts, in Dollars, necessary to compensate such Lender or such Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section, (y) setting forth in reasonable detail the manner of determination of such amount or amounts and (z) certifying that such Lender of such Issuing Bank or its holding company, as the case may be, is generally claiming similar compensation from its other similar customers in similar circumstances, shall be promptly delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender or such Issuing Bank, as the case may be, the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

(d)Delay in Requests. Failure or delay on the part of any Lender or any Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or such Issuing Bank’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than six months prior to the date that such Lender or such Issuing Bank, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include the period of retroactive effect thereof.

SECTION 2.15.Break Funding Payments. In the event of (a) the payment of any principal of any Term Benchmark Loan other than on the last day of an Interest Period therefor (including as a result of the occurrence of any Commitment Increase Date or an Event of Default), (b) the conversion of any Term Benchmark Loan other than on the last day of an Interest Period therefor, (c) the failure to borrow, convert, continue or prepay any Term Benchmark Loan on the date specified in any notice delivered pursuant hereto (including, in connection with any Commitment Increase Date, and regardless of whether such notice is permitted to be revocable under Section 2.10(e) and is revoked in accordance herewith), or (d) the assignment as a result of a request by the Borrower pursuant to Section 2.18(b) of any Term Benchmark Loan other than on the last day of an Interest Period therefor, then, in any such event, the Borrower shall compensate each affected Lender for such Lender’s loss, cost and reasonable expense attributable to such event (excluding loss of anticipated profits). In the case of a Term Benchmark Loan, the loss to any Lender attributable to any such event shall be deemed to include an amount determined by such Lender to be equal to the excess, if any, of:

(i)the amount of interest that such Lender would pay for a deposit equal to the principal amount of such Loan denominated in the Currency of such Loan for the period from the date of such payment, conversion, failure or assignment to the last day of the then-current Interest Period for such Loan (or, in the case of a failure to borrow, convert or continue, the duration of the Interest Period that would have resulted from such

borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the Term Benchmark Rate for such Currency for such Interest Period, over

(ii)the amount of interest that such Lender would earn on such principal amount for such period if such Lender were to invest such principal amount for such period at the interest rate that would be bid by such Lender (or an affiliate of such Lender) for deposits denominated in such Currency from other banks in the market for the applicable Term Benchmark Rate at the commencement of such period.

Payment under this Section shall be made upon written request of a Lender delivered to the Borrower not later than five (5) Business Days following the payment, conversion, or failure to borrow, convert, continue or prepay that gives rise to a claim under this Section accompanied by a written certificate of such Lender setting forth in reasonable detail the basis for and the calculation of the amount or amounts that such Lender is entitled to receive pursuant to this Section, which certificate shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) Business Days after receipt thereof.

SECTION 2.16.Taxes.

(a)Payments Free of Taxes. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document shall be made free and clear of and without deduction for any Taxes, except as required by applicable law; provided that if the Borrower shall be required to deduct any Taxes from such payments, then (i) if such Taxes are Indemnified Taxes, the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, applicable Lender or applicable Issuing Bank (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) the Borrower shall make such deductions and (iii) the Borrower shall pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

(b)Payment of Other Taxes by the Borrower. In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.

(c)Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Lender and each Issuing Bank for and, within ten (10) Business Days after written demand therefor, pay the full amount of any Indemnified Taxes or Other Taxes (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority, except to the extent that any such Indemnified Taxes or Other Taxes arise as the result of the fraud, gross negligence or willful misconduct of the Administrative Agent, such Lender or such Issuing Bank. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error.

(d)Indemnification by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) Business Days after written demand therefor, for (i) any Indemnified Taxes or Other Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(f) relating to the maintenance of a Participant Register, and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (d).

(e)Evidence of Payments. As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

(f)Tax Documentation. (i) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law or reasonably requested by the Borrower, such properly completed and executed documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate. In addition, any Lender, if requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.16(f)(ii) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

(i)Without limiting the generality of the foregoing:

(A)any Lender that is a U.S. Person shall deliver to the Borrower and the Administrative Agent (and such additional copies as shall be reasonably requested by the recipient) on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), duly completed and executed copies of Internal Revenue Service Form W-9 or any successor form certifying that such Lender is exempt from U.S. federal backup withholding tax; and

(B)each Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of the following is applicable:

(w) duly completed and executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E or any successor form claiming eligibility for benefits of an income tax treaty to which the United States is a party,

(x) duly completed copies of Internal Revenue Service Form W-8ECI or any successor form certifying that the income receivable pursuant to this Agreement is effectively connected with the conduct of a trade or business in the United States,

(y) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (1) a certificate to the effect that such Foreign Lender is not (1) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (3) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (2) duly completed and executed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form) certifying that the Foreign Lender is not a U.S. Person, or

(z) any other form including Internal Revenue Service Form W-8IMY as applicable prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax duly completed together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower to determine the withholding or deduction required to be made.

(ii)In addition, each Lender shall deliver such forms promptly upon the obsolescence, expiration or invalidity of any form previously delivered by such Lender; provided it is legally able to do so at the time. Each Lender shall promptly notify the Borrower and the Administrative Agent at any time the chief tax officer of such Lender becomes aware that it no longer satisfies the legal requirements to provide any previously delivered form or certificate to the Borrower (or any other form of certification adopted by the U.S. or other taxing authorities for such purpose).

(g)Documentation Required by FATCA. If a payment made to a Lender under this Agreement would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent, such document prescribed by applicable law

(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their respective obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this Section 2.16(g), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

(h)Treatment of Certain Refunds. If the Administrative Agent, any Lender or an Issuing Bank determines, in its sole discretion, that it has received a refund or credit (in lieu of such refund) of any Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts pursuant to this Section, it shall pay to the Borrower an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section with respect to the Taxes or Other Taxes giving rise to such refund), net of all reasonable out-of-pocket expenses of the Administrative Agent, any Lender or an Issuing Bank, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that the Borrower, upon the request of the Administrative Agent, any Lender or an Issuing Bank, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, any Lender or an Issuing Bank in the event the Administrative Agent, any Lender or an Issuing Bank is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this clause (h), in no event will the Administrative Agent, any Lender or an Issuing Bank be required to pay any amount to Borrower pursuant to this clause (h), the payment of which would place such Person in a less favorable net after-Tax position than such Person would have been in if the indemnification payments or additional amounts giving rise to such refund had never been paid. This subsection shall not be construed to require the Administrative Agent, any Lender or an Issuing Bank to make available its tax returns or its books or records (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.

SECTION 2.17.Payments Generally; Pro Rata Treatment: Sharing of Set-offs.

(a)Payments by the Borrower. The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees or reimbursement of LC Disbursements, or under Section 2.14, 2.15 or 2.16, or otherwise) or under any other Loan Document (except to the extent otherwise provided therein) prior to 12:00 noon, New York City time, on the date when due, in immediately available funds, without set-off or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments shall be made to the Administrative Agent at the Administrative Agent’s Account, except as otherwise expressly provided in the relevant Loan Document and except payments to be made directly to any Issuing Bank or any Swingline Lender as expressly provided herein and payments pursuant to Sections 2.14, 2.15, 2.16 and 9.03, which shall be made directly to the Persons entitled thereto. The Administrative Agent shall distribute any such payments received by it for account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

All amounts owing under this Agreement (including commitment fees, payments required under Section 2.14, and payments required under Section 2.15 relating to any Loan denominated in Dollars, but not including principal of and interest on any Loan denominated in any Foreign Currency or payments relating to any such Loan required under Section 2.15, which are payable in such Foreign Currency) or under any other Loan Document (except to the extent otherwise provided therein) are payable in Dollars. Notwithstanding the foregoing, if the Borrower shall fail to pay any principal of any Loan when due (whether at stated maturity, by acceleration, by mandatory prepayment or otherwise), the unpaid portion of such Loan shall, if such Loan is not denominated in Dollars, automatically be redenominated in Dollars on the due date thereof (or, if such due date is a day other than the last day of the Interest Period therefor, on the last day of such Interest Period) in an amount equal to the Dollar Equivalent thereof on the date of such redenomination and such principal shall be payable on demand; and if the Borrower shall fail to pay any interest on any Loan that is not denominated in Dollars, such interest shall automatically be redenominated in Dollars on the due date therefor (or, if such due date is a day other than the last day of the Interest Period therefor, on the last day of such Interest Period) in an amount equal to the Dollar Equivalent thereof on the date of such redenomination and such interest shall be payable on demand.

Notwithstanding the foregoing provisions of this Section, if, after the making of any Borrowing in any Foreign Currency, currency control or exchange regulations are imposed in the country which issues such currency with the result that the type of currency in which the Borrowing was made (the “Original Currency”) no longer exists or the Borrower is not able to make payment to the Administrative Agent for the account of the Lenders in such Original Currency, then all payments to be made by the Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Equivalent (as of the date of repayment) of such payment due, it being the intention of the parties hereto that the Borrower takes all risks of the imposition of any such currency control or exchange regulations.

(b)Application of Insufficient Payments. If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees of a Class of Commitments or Final Maturity Date then due hereunder, such funds shall be applied (i) first, to pay interest and fees of such Class then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees of such Class then due to such parties, and (ii) second, to pay principal and unreimbursed LC Disbursements of such Class then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements of such Class then due to such parties.

(c)Pro Rata Treatment. Except to the extent otherwise provided herein: (i) other than with respect any Syndicated Borrowing requested pursuant to Section 2.20, each Syndicated Borrowing of a Class shall be made from the Lenders of such Class of Commitments and each Syndicated Borrowing of a Class requested pursuant to Section 2.20 shall be made from each Extending Lender, each payment of commitment fee under Section 2.11 shall be made for account of the Lenders of the applicable Class, and each termination or reduction of the amount of the Commitments of a Class of Commitments or Final Maturity Date under Section 2.08 shall be applied to the respective Commitments of the Lenders of such Class of Commitments or Final Maturity Date, pro rata according to the amounts of their respective Commitments of such Class of Commitments or Final Maturity Date; (ii) each Syndicated Borrowing of a Class of Commitments shall be allocated pro rata among the

Lenders of such Class according to the amounts of their respective Commitments of such Class (in the case of the making of Syndicated Loans) or their respective Loans of such Class that are to be included in such Borrowing (in the case of conversions and continuations of Loans); (iii) each payment or prepayment of principal of Syndicated Loans of a Class of Commitments or Final Maturity Date by the Borrower shall be made for account of the Lenders of such Class of Commitments or Final Maturity Date pro rata in accordance with the respective unpaid principal amounts of the Syndicated Loans of such Class of Commitments or Final Maturity Date held by them; and (iv) each payment of interest on Syndicated Loans of a Class of Commitments or Final Maturity Date by the Borrower shall be made for account of the Lenders of such Class of Commitments or Final Maturity Date pro rata in accordance with the amounts of interest on such Loans of such Class of Commitments or Final Maturity Date then due and payable to the respective Lenders.

(d)Sharing of Payments by Lenders. If any Lender of any Class of Commitment or Final Maturity Date shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of or interest on any of its Syndicated Loans, or participations in LC Disbursements or Swingline Loans, of such Class resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its Syndicated Loans, and participations in LC Disbursements and Swingline Loans, and accrued interest thereon of such Class then due than the proportion received by any other Lender of such Class, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Syndicated Loans, and participations in LC Disbursements and Swingline Loans, of other Lenders of such Class to the extent necessary so that the benefit of all such payments shall be shared by the Lenders of such Class ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Syndicated Loans, and participations in LC Disbursements and Swingline Loans, of such Class; provided that (i) if any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or participations in LC Disbursements to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount of such participation.

(e)Presumptions of Payment. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for account of the Lenders or the Issuing Banks hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the Issuing Banks, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders or the Issuing Banks, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or such Issuing Bank with interest thereon, for each day from and including the date such amount is

distributed to it to but excluding the date of payment to the Administrative Agent at the Federal Funds Effective Rate.

(f)Certain Deductions by the Administrative Agent. If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(c), 2.05(e), 2.06(a) or (b) or 2.17(e), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid.

SECTION 2.18.Mitigation Obligations; Replacement of Lenders.

(a)Designation of a Different Lending Office. If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if in the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.14 or 2.16, as the case may be, in the future and (ii) would not subject such Lender to any cost or expense not required to be reimbursed by the Borrower and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

(b)Replacement of Lenders. If any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any Lender or any Governmental Authority for account of any Lender pursuant to Section 2.16, or if any Lender becomes a Defaulting Lender or is a Non-Consenting Lender (as provided in Section 9.02(d)), then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the prior written consent of the Administrative Agent (and, if a Commitment is being assigned, each Issuing Bank and each Swingline Lender), which consent shall not unreasonably be withheld, conditioned or delayed, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts then due and payable) and (iii) in the case of any such assignment resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section 2.16, such assignment is reasonably expected at the time of such assignment request to result in a reduction in such compensation or payments. A Lender shall not be required to make any such assignment and delegation if prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply.

SECTION 2.19.Defaulting Lenders.

(a)Defaulting Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

(i)Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VII or otherwise) or received by Administrative Agent from a Defaulting Lender pursuant to Section 9.08 shall be applied at such time or times as may be determined by Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any Issuing Bank or any Swingline Lender hereunder; third, to Cash Collateralize each Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender in the manner described in Section 2.09(a); fourth, as Borrower may request (so long as no Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by Administrative Agent; fifth, if so determined by Administrative Agent and Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize each Issuing Bank’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in the manner described in Section 2.09(a); sixth, to the payment of any amounts owing to the Lenders, Issuing Banks or Swingline Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any Issuing Bank or any Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, to the payment of any amounts owing to Borrower as a result of any judgment of a court of competent jurisdiction obtained by Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans or reimbursement obligations in respect of any LC Disbursement for which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied and waived, such payment shall be applied solely to pay the Loans of, and reimbursement obligations in respect of any LC Disbursement that is owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or reimbursement obligations in respect of any LC Disbursement that is owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in Letters of Credit and Swingline Loans are held by the Lenders pro rata in accordance with the applicable Commitments without giving effect to Section 2.19(a)(iii). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.19(a)(i) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

(ii)Certain Fees.

(A)No Defaulting Lender shall be entitled to receive any fee pursuant to Sections 2.11(a) and (b) for any period during which that Lender is a Defaulting Lender (and Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender); provided that such Defaulting Lender shall be entitled to receive fees pursuant to Section 2.11(b) for any period during which that Lender is a Defaulting Lender only to extent allocable to its Applicable Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.19(d).

(B)With respect to any Section 2.11(b) fees not required to be paid to any Defaulting Lender pursuant to clause (A) above, Borrower shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letters of Credit or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iii) below, (y) pay to each Issuing Bank the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Bank’s Fronting Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee.

(iii)Reallocation of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in Letters of Credit and Swingline Loans shall be reallocated (effective no later than one (1) Business Day after the Administrative Agent has actual knowledge that such Lender has become a Defaulting Lender) among the Non-Defaulting Lenders in accordance with their respective Applicable Dollar Percentages and Applicable Multicurrency Percentages, as the case may be (in each case calculated without regard to such Defaulting Lender’s Commitment), but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless Borrower shall have otherwise notified Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Commitment. Subject to Section 9.17, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

(iv)Cash Collateral; Repayment of Swingline Loans. If the reallocation described in clause (iii) above cannot, or can only partially, be effected, the Borrower shall not later than two (2) Business Days after demand by the Administrative Agent (at the direction of any Issuing Bank and/or any Swingline Lender), without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline Loans in an amount equal to the Swingline Lenders’ Swingline Exposure (which exposure shall be deemed equal to the applicable Defaulting Lender’s Applicable Percentage of the total outstanding Swingline Exposure (other than Swingline Exposure as to which such

Defaulting Lender’s participation obligation has been reallocated to other Lenders or Cash Collateralized in accordance with the terms hereof)) and (y) second, Cash Collateralize each Issuing Bank’s Fronting Exposure in accordance with the procedures set forth in Section 2.19(d) or (z) make other arrangements reasonably satisfactory to the Administrative Agent, the Issuing Banks and the Swingline Lenders in their sole discretion to protect them against the risk of non-payment by such Defaulting Lender.

(b)Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lenders and the Issuing Banks agree in writing that a Lender is no longer a Defaulting Lender, Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that such former Defaulting Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in accordance with the applicable Commitments (without giving effect to Section 2.19(a)(iii)), and if Cash Collateral has been posted with respect to such Defaulting Lender, the Administrative Agent will promptly return or release such Cash Collateral to the Borrower, whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender having been a Defaulting Lender.

(c)New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) no Swingline Lender shall be required to fund any Swingline Loans unless it is satisfied that the participations therein will be fully allocated among Non-Defaulting Lenders in a manner consistent with clause (a)(iii) above and the Defaulting Lender shall not participate therein and (ii) no Issuing Bank shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that the participations in any existing Letters of Credit as well as the new, extended, renewed or increased Letter of Credit has been or will be fully allocated among the Non-Defaulting Lenders in a manner consistent with clause (a)(iii) above and such Defaulting Lender shall not participate therein except to the extent such Defaulting Lender’s participation has been or will be fully Cash Collateralized in accordance with Section 2.19(d).

(d)Cash Collateral. At any time that there shall exist a Defaulting Lender, promptly following the written request of Administrative Agent or any Issuing Bank (with a copy to Administrative Agent) Borrower shall Cash Collateralize each Issuing Bank’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.19(a)(iii) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

(i)Grant of Security Interest. Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) Administrative Agent, for the benefit of the Issuing Banks, and agrees to maintain, a first priority security interest in all such Cash Collateral as security for the Defaulting Lenders’ obligation to fund participations in respect of Letters of Credit, to be applied

pursuant to clause (ii) below. If at any time Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than Administrative Agent and the Issuing Banks as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, Borrower will, promptly upon demand by Administrative Agent, pay or provide to Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting Lender). All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Truist. Borrower shall pay on demand therefor from time to time all reasonable and customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral.

(ii)Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under this Section 2.19 in respect of Letters of Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Letters of Credit (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

(iii)Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce Issuing Bank’s Fronting Exposure shall no longer be required to be held as Cash Collateral pursuant to this Section 2.19 following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status of the applicable Lender) or (ii) the determination by Administrative Agent and the Issuing Banks that there exists excess Cash Collateral; provided that, subject to the other provisions of this Section 2.19, the Person providing Cash Collateral and each Issuing Bank may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure; provided, further, that to the extent that such Cash Collateral was provided by Borrower, such Cash Collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

SECTION 2.20.Reallocation Following a Non-Extended Commitment Termination Date.

(a)Reallocation of Participations and Loans.

(i)Notwithstanding anything to the contrary herein, (a) in connection with the reduction or termination of any Non-Extending Lender’s Commitments in accordance with Section 2.08(f) on any date prior to the Non-Extended Commitment Termination Date for such Non-Extending Lender, the Borrower shall be permitted to request a Dollar Loan be made ratably among the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred in accordance with the provisions of Sections 2.02, 2.03 and 2.17(c) in an amount up to the amount by which such Non-Extending Lender’s Revolving Credit Exposure exceeds such Non-Extending Lender’s Commitments after giving effect to such Commitment

reduction and (b) on any date following the Non-Extended Commitment Termination Date for any Non-Extending Lender until the Extended Commitment Termination Date, the Borrower shall be permitted to request a Dollar Loan to be made ratably among the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred in accordance with Sections 2.02, 2.03 and 2.17(c) in an amount up to the Revolving Credit Exposure of each Non-Extending Lender for which the Non-Extended Commitment Termination Date shall have occurred, in each case, so long as (x) the conditions set forth in Section 4.02 are satisfied (and, unless Borrower shall have otherwise notified the Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), (y) such Borrowing does not cause (I) the aggregate Revolving Credit Exposure of any Extending Lender to exceed such Extending Lender’s Commitment, (II) the aggregate Revolving Dollar Credit Exposure of all of the Dollar Lenders with Dollar Commitments then in effect to exceed the aggregate Dollar Commitments at such time or (III) the aggregate Revolving Multicurrency Credit Exposure of all of the Multicurrency Lenders with Multicurrency Commitments then in effect to exceed the aggregate Multicurrency Commitments at such time and (z) the proceeds of any such Loan are applied solely to reduce the Revolving Credit Exposure of the applicable Non-Extending Lender or Non-Extending Lenders, as applicable.

(ii)All or any part of each Non-Extending Lender’s participation in Letters of Credit and Swingline Loans shall be reallocated on (A) any date on which the Commitment of such Non-Extending Lender is reduced or terminated pursuant to Section 2.08(f) and (B) on the Non-Extended Commitment Termination Date for such Non-Extending Lender, in each case, among the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred in accordance with their respective Applicable Dollar Percentages and Applicable Multicurrency Percentages after giving effect to the reduction of the aggregate Commitments, but only to the extent that (x) the conditions set forth in Section 4.02 are satisfied at the time of such reallocation (and, unless Borrower shall have otherwise notified Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time), and (y) such reallocation does not cause (I) the aggregate Revolving Credit Exposure of any Extending Lender or Non-Extending Lender for which the Commitment Termination Date shall not have occurred to exceed such Lender’s Commitment, (II) the total Revolving Dollar Credit Exposures of Dollar Lenders with Dollar Commitments then in effect to exceed the aggregate Dollar Commitments at such time, or (III) the total Revolving Multicurrency Credit Exposures of Multicurrency Lenders with Multicurrency Commitments then in effect to exceed the aggregate Multicurrency Commitments at such time.

(b)Cash Collateral; Repayment of Swingline Loans. If any Loan related to the reduction or termination of a Non-Extending Lender’s Commitment prior to the Non-Extended Commitment Termination Date described in clause (a)(i) above or any reallocation described in clause (a)(ii) above cannot, or can only partially, be effected, the Borrower shall, not later than (i) with respect to any reduction or termination of a Non-Extending Lender’s Commitment pursuant to Section 2.08(f), the date of such Commitment reduction or termination or, (ii) with respect to any reallocation of

participations in Letters of Credit and Swingline Loans on the Non-Extended Commitment Termination Date for any Non-Extending Lender, on the Non-Extended Commitment Termination Date applicable to such Non-Extending Lender, as the case may be, without prejudice to any right or remedy available to it hereunder or under law, (x) prepay Swingline Loans in an amount equal to the amount by which the participation obligations of the Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall have occurred which have not been reallocated to the Extending Lenders and Non-Extending Lenders for which the Non-Extended Commitment Termination Date shall not have occurred pursuant to clause (a)(ii) above, (y) provide Cash Collateral in an amount equal to the amount by which the participation obligations of such Non-Extending Lenders in Letters of Credit have not been reallocated pursuant to clause (a)(ii) above and (z) prepay any other Loans of a Non-Extending Lender for which the Non-Extended Commitment Termination Date shall have occurred in an amount equal to the amount by which the Revolving Credit Exposure of such Non-Extending Lender after giving effect to any prepayment described in clause (a)(i)(z) above exceeds such Non-Extending Lender’s Commitment after giving effect to any reduction in such Non-Extending Lender’s Commitment.

SECTION 2.21.Effect of Benchmark Transition Event.

(a)Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event or an Other Benchmark Rate Election and its related Benchmark Replacement Date have occurred prior to any setting of the then-current Benchmark for a Currency, then (x) if a Benchmark Replacement for the Term SOFR Reference Rate is determined in accordance with clause (1) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for such Currency for all purposes hereunder and under any other Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders (which, in the case of a Benchmark Replacement in connection with an Other Benchmark Rate Election, may be delivered on the same day that notice of such Other Benchmark Rate Election is provided to the Lenders) without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising (x) in the case of a Benchmark Replacement for Dollars, the Required Lenders, and, (y) in the case of a Benchmark Replacement for any Foreign Currency, the Required Multicurrency Lenders. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

(b)Benchmark Replacement Conforming Changes. In connection with the use, administration, adoption or implementation of a Benchmark Replacement, the Administrative Agent (after consulting with the Borrower) will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.

(c)Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of (i) the implementation of any Benchmark Replacement, and (ii) the effectiveness of any Conforming Changes in connection with the use, administration, adoption or implementation of a Benchmark Replacement. The Administrative Agent will promptly notify the Borrower of (x) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (d) below and (y) the commencement of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.21, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.21.

(d)Unavailability of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark for a Currency is a term rate (including the Term SOFR Reference Rate or the applicable Adjusted Term Benchmark Rate) and either (A) any tenor for such Benchmark for such Currency is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark for such Currency is not or will not be representative, then the Administrative Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for any Benchmark settings for such Currency at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark for such Currency (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is not or will not be representative for a Benchmark for such Currency (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for all Benchmark settings for such Currency at or after such time to reinstate such previously removed tenor.

(e)Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any pending request for a Term Benchmark Borrowing or RFR Borrowing of, conversion to or continuation of Term Benchmark Loans or RFR Loans in each affected Currency to be made, converted or continued during any Benchmark Unavailability Period and, failing that, (i) any Interest Election Request that requests the conversion of any Borrowing to, or the continuation of any Borrowing as, a Term Benchmark Borrowing, denominated in the affected Currency shall be ineffective and, if the affected Currency is Dollars, such Borrowing (unless prepaid) shall be continued as, or converted to an ABR Borrowing at the end of the applicable Interest Period, (ii) if the affected Currency is Dollars and any Borrowing Request requests a Term Benchmark Borrowing denominated in Dollars, such Borrowing shall be made as an ABR Borrowing, and (iii) if the affected Currency is a Foreign Currency, (A) any Borrowing Request that requests a Term Benchmark Borrowing or RFR Borrowing denominated in the affected Currency, at the Borrower’s election, shall either (1) be converted into an ABR Borrowing denominated in Dollars (in an amount equal to the Dollar Equivalent of such affected Currency) immediately in the case of an RFR Borrowing or, in the case of a Term Benchmark Borrowing, at the end of the applicable

Interest Period, or (2) be prepaid in full immediately in the case of an RFR Borrowing or, in the case of a Term Benchmark Borrowing, at the end of the applicable Interest Period; provided that, if no election is made by the Borrower by the date that is three (3) Business Days after receipt by the Borrower of such notice or, in the case of a Term Benchmark Borrowing, the last day of the current Interest Period for the applicable Term Benchmark Loan, if earlier, the Borrower shall be deemed to have elected clause (1) above. During a Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Alternate Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Alternate Base Rate.

ARTICLE III

REPRESENTATIONS AND WARRANTIES

The Borrower represents and warrants to the Lenders that:

SECTION 3.01.Organization; Powers. Each of the Borrower and its Subsidiaries is (a) duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization, (b) has all requisite power and authority to carry on its business as now conducted and, (c) is qualified to do business in, and is in good standing in, every jurisdiction where such qualification is required of the Borrower or such Subsidiary, as applicable, except where the failure to comply with this clause (c) would not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.02.Authorization; Enforceability. The Transactions are within the Borrower’s corporate powers and have been duly authorized by all necessary corporate and, if required, by all necessary shareholder action. This Agreement has been duly executed and delivered by the Borrower and constitutes, and each of the other Loan Documents when executed and delivered by each Obligor party thereto will constitute, a legal, valid and binding obligation of such Obligor, enforceable in accordance with its terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

SECTION 3.03.Governmental Approvals; No Conflicts. The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority, except for (i) such as have been or will be obtained or made and are or will be in full force and effect and (ii) filings and recordings in respect of the Liens created pursuant to the Security Documents, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents of the Borrower or any of its Subsidiaries or any order of any Governmental Authority, (c) will not violate or result in a default in any material respect under any indenture, agreement or other instrument binding upon the Borrower or any of its Subsidiaries or assets, or give rise to a right thereunder to require any payment to be made by any such Person, in each case, except as would not reasonably be expected to have a Material Adverse Effect, and (d) except for the Liens created pursuant to this Agreement or the Security Documents, will not result in the creation or imposition of any Lien on any asset of the Borrower or any Obligor.

SECTION 3.04.Financial Condition; No Material Adverse Change.

(a)Financial Statements. The Borrower has heretofore delivered to the Lenders the audited consolidated balance sheet and statement of operations, changes in net assets and cash flows of the Borrower and its Subsidiaries as of and for the year ended December 31, 2012, certified by a Financial Officer of the Borrower. Such financial statements present fairly, in all material respects, the consolidated financial position and results of operations and cash flows of the Borrower and its Subsidiaries as of such date and for such period in accordance with GAAP.

(b)No Material Adverse Change. Since the date of the most recent Applicable Financial Statements, there has not been any event, development or circumstance (herein, a “Material Adverse Change”) that has had or would reasonably be expected to have a material adverse effect on (i) the business, Portfolio Investments and other assets, liabilities or financial condition of the Borrower and its Subsidiaries (other than any Financing Subsidiary) taken as a whole (excluding in any case a decline in the net asset value of the Borrower or a change in general market conditions or values of the Borrower’s Portfolio Investments), or (ii) the validity or enforceability of any of the Loan Documents or the rights or remedies of the Administrative Agent and the Lenders thereunder.

SECTION 3.05.Litigation. There are no actions, suits, investigations or proceedings by or before any arbitrator or Governmental Authority now pending against or, to the knowledge of the Borrower, threatened in writing against or affecting the Borrower or any of its Subsidiaries (i) as to which there is a reasonable possibility of an adverse determination and that, if adversely determined, would reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (ii) that directly involve this Agreement or the Transactions (other than any action brought by the Borrower against a Defaulting Lender).

SECTION 3.06.Compliance with Laws and Agreements. Each of the Borrower and its Subsidiaries is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. Neither the Borrower nor any other Obligor is subject to any contract or other arrangement, the performance of which by the Borrower or such Obligor would reasonably be expected to result in a Material Adverse Effect.

SECTION 3.07.Taxes. Each of the Borrower and its Subsidiaries has timely filed or caused to be filed all material Tax returns and reports required to have been filed and has paid or caused to be paid all material Taxes required to have been paid by it, except (a) Taxes that are being contested in good faith by appropriate proceedings and for which such Person has set aside on its books adequate reserves or (b) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.08.ERISA. No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect.

SECTION 3.09.Disclosure As of the Effective Date, the Borrower has disclosed to the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its

Subsidiaries is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. As of the Effective Date, none of the reports, financial statements, certificates or other written information (other than projected financial information, other forward looking information relating to third parties and information of a general economic or general industry nature) furnished by or on behalf of the Borrower to the Administrative Agent in connection with the negotiation of this Agreement and the other Loan Documents or delivered hereunder or thereunder (as modified or supplemented by other information so furnished) when taken as a whole (and after giving effect to all updates, modifications and supplements) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that with respect to projected financial information, the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

SECTION 3.10.Investment Company Act; Margin Regulations.

(a)Status as Business Development Company. The Borrower has elected to be regulated as a “business development company” within the meaning of the Investment Company Act and qualifies as a RIC.

(b)Compliance with Investment Company Act. The business and other activities of the Borrower and its Subsidiaries, including the making of the Loans hereunder, the application of the proceeds and repayment thereof by the Borrower and the consummation of the Transactions contemplated by the Loan Documents do not result in a violation or breach in any material respect of the provisions of the Investment Company Act or any rules, regulations or orders issued by the Securities and Exchange Commission thereunder, in each case that are applicable to the Borrower and its Subsidiaries.

(c)Investment Policies. The Borrower is in compliance in all respects with the Investment Policies (after giving effect to any Permitted Policy Amendments), except to the extent that the failure to so comply would not reasonably be expected to have a Material Adverse Effect.

(d)Use of Credit. Neither the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock (provided that so long as no violation of Regulation U would result therefrom and the Borrower intends to immediately retire any whole or fractional shares of its common stock purchased, the Borrower may use proceeds of the Loans to purchase its common stock in connection with the redemption (or buyback) of its shares).

SECTION 3.11.Material Agreements and Liens.

(a)Material Agreements. Part A of Schedule 3.11 is a complete and correct list, as of the Original Effective Date, of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or commitment for any extension of credit) to, or guarantee by, the Borrower

or any of its Subsidiaries outstanding as of the Original Effective Date, and the aggregate principal or face amount outstanding or that is, or may become, outstanding under each such arrangement is correctly described in Part A of Schedule 3.11.

(b)Liens. Part B of Schedule 3.11 is a complete and correct list, as of the Original Effective Date, of each Lien securing Indebtedness of any Person outstanding on the Original Effective Date covering any property of the Borrower or any of the Subsidiary Guarantors, and the aggregate Indebtedness secured (or that may be secured) by each such Lien and the property covered by each such Lien is correctly described in Part B of Schedule 3.11.

SECTION 3.12.Subsidiaries and Investments.

(a)Subsidiaries. Set forth on Schedule 3.12(a) is a list of the Borrower’s Subsidiaries as of the Original Effective Date.

(b)Investments. Set forth on Schedule 3.12(b) is a complete and correct list, as of the Original Effective Date, of all Investments (other than Investments of the types referred to in clauses (b), (c) and (d) of Section 6.04) held by the Borrower or any of the Subsidiary Guarantors in any Person on the Original Effective Date and, for each such Investment, (x) the identity of the Person or Persons holding such Investment and (y) the nature of such Investment. Except as disclosed in Schedule 3.12, each of the Borrower and any of the Subsidiary Guarantors owned, free and clear of all Liens (other than Liens created pursuant to this Agreement or the Security Documents and Permitted Liens), all such Investments as of such date.

SECTION 3.13.Properties.

(a)Title Generally. Each of the Borrower and the Subsidiary Guarantors has good title to, or valid leasehold interests in, all its real and personal property material to its business, taken as a whole, except for minor defects in title that do not interfere with its ability to conduct its business, taken as a whole, as currently conducted or to utilize such properties for their intended purposes except where failure to have title or leasehold interests would not reasonably be expected to have a Material Adverse Effect.

(b)Intellectual Property. Each of the Borrower and its Subsidiaries (other than any Financing Subsidiary) owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property material to its business, taken as a whole, and the use thereof by the Borrower and its Subsidiaries (other than any Financing Subsidiary) does not infringe upon the rights of any other Person, except for any such infringements that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

SECTION 3.14.Affiliate Agreements. As of the Original Effective Date, the Borrower has heretofore delivered to the Administrative Agent true and complete copies of each of the Affiliate Agreements (including and schedules and exhibits thereto, and any amendments, supplements or waivers executed and delivered thereunder). As of the Original Effective Date, each of the Affiliate Agreements was in full force and effect.

SECTION 3.15.Sanctions.

(a)None of the Borrower or any of its Subsidiaries, nor, to the knowledge of the Borrower, any of their respective directors, officers or authorized signors (i) is a person on the list of Specially Designated Nationals and Blocked Persons or the subject or target of, the limitations or prohibitions (collectively, “Sanctions”) under (A) any U.S. Department of Treasury’s Office of Foreign Assets Control or U.S. Department of State regulation or executive order or (B) any international economic sanction administered or enforced by the United Nations Security Council, His Majesty’s Treasury or the European Union or (ii) is located, organized or resident in a Sanctioned Country.

(b)The Borrower has implemented and maintains in effect policies and procedures reasonably designed to ensure compliance by the Borrower, its Subsidiaries and their respective directors, officers, employees and investment advisors with Anti-Corruption Laws and applicable Sanctions in all material respects.

SECTION 3.16.Patriot Act. Each of the Borrower and its Subsidiaries is in material compliance with (a) the Trading with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism (USA Patriot Act of 2001). No part of the proceeds of the Loans or Letters of Credit will be used, directly or, to the knowledge of a Responsible Officer of the Borrower, indirectly, for any payments (i) to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, all in violation by the Borrower or its Subsidiaries of the United States Foreign Corrupt Practices Act of 1977, as amended, or the UK Bribery Act or in material violation of US or UK regulations implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (collectively, the “Anti-Corruption Laws”) or (ii) for the purpose of financing the activities in or with any Sanctioned Country, or of any Person, at the time of such financing (A) the subject or target of any Sanctions or (B) located, organized or resident in a Sanctioned Country, in each case as would result in a violation of Sanctions.

SECTION 3.17.Collateral Documents. The provisions of the Security Documents are effective to create in favor of the Collateral Agent a legal, valid and enforceable first priority Lien (subject to Liens permitted by Section 6.02) on all right, title and interest of the Borrower and each Subsidiary Guarantor in the Collateral described therein except for any failure that would not constitute an Event of Default under clause (q) of Article VII. Except for filings completed on or prior to the Effective Date and as contemplated hereby and by the Security Documents and the taking of possession or control by the Collateral Agent of the Collateral with respect to which a security interest may be perfected by possession or control, no filing or other action will be necessary to perfect such Liens, to the extent required thereunder, except for the failure to make any filing or take any other action that would not constitute an Event of Default under clause (q) of Article VII.

SECTION 3.18.EEA Financial Institutions. Neither the Borrower nor any Subsidiary is an EEA Financial Institution.

ARTICLE IVCONDITIONS

SECTION 4.01.Effective Date. The effectiveness of this Agreement and of the obligations of the Lenders to make Loans and of the Issuing Banks to issue Letters of Credit hereunder shall not become effective until completion of each of the following conditions precedent (unless a condition shall have been waived in accordance with Section 9.02):

(a)Documents. Administrative Agent shall have received each of the following documents, each of which shall be satisfactory to the Administrative Agent (and to the extent specified below to each Lender) in form and substance:

(i)Executed Counterparts. From each party hereto either (i) a counterpart of this Agreement signed on behalf of such party or (ii) written evidence satisfactory to the Administrative Agent (which may include telecopy transmission of a signed signature page to this Agreement) that such party has signed a counterpart of this Agreement.

(ii)Opinion of Counsel to the Borrower. A favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of (A) Cleary Gottlieb Steen & Hamilton LLP, New York counsel for the Borrower and the Subsidiary Guarantors and (B) Young Conaway Stargatt & Taylor, LLP, Delaware counsel for the Borrower and the Subsidiary Guarantors, in each case, in form and substance reasonably acceptable to the Administrative Agent (and the Borrower hereby instructs such counsel to deliver such opinion to the Lenders and the Administrative Agent).

(iii)Corporate Documents. Such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Borrower, the authorization of the Transactions and any other legal matters relating to the Borrower, this Agreement or the Transactions, all in form and substance satisfactory to the Administrative Agent and its counsel.

(iv) Officer’s Certificate. A certificate, dated the Effective Date and signed by the President, the Chief Executive Officer, a Vice President or a Financial Officer of the Borrower, confirming compliance with the conditions set forth in the lettered clauses of the first sentence of Section 4.02.

(b)Fees and Expenses. Confirmation of receipt by the Administrative Agent, for the benefit of the Lenders, of the fees required to be paid by the Borrower pursuant to that certain fee letter, dated as of the date hereof, among the Borrower, the Administrative Agent and the other parties thereto.

SECTION 4.02.Each Credit Event. The obligation of each Lender to make any Loan, and of each Issuing Bank to issue, amend, renew or extend any Letter of Credit, is additionally subject to the satisfaction of the following conditions:

(a)the representations and warranties of the Borrower set forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects (or, in the case of any portion of any representations and warranties already subject to a materiality qualifier, true and correct

in all respects) on and as of the date of such Loan or the date of issuance, amendment, renewal or extension of such Letter of Credit, as applicable, or, as to any such representation or warranty that refers to a specific date, as of such specific date;

(b)at the time of and immediately after giving effect to such Loan or the issuance, amendment, renewal or extension of such Letter of Credit, as applicable, no Default shall have occurred and be continuing; and

(c)either (i) the aggregate Covered Debt Amount (after giving effect to such extension of credit) shall not exceed the Borrowing Base reflected on the Borrowing Base Certificate most recently delivered to the Administrative Agent or (ii) the Borrower shall have delivered an updated Borrowing Base Certificate demonstrating that the Covered Debt Amount (after giving effect to such extension of credit) shall not exceed the Borrowing Base after giving effect to such extension of credit as well as any concurrent acquisitions of Portfolio Investments or payment of outstanding Loans or Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time.

Each Borrowing (but, for the avoidance of doubt, not a continuation or conversion thereof) and each issuance, renewal or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified in the preceding sentence.

ARTICLE VAFFIRMATIVE COVENANTS

Until the Commitments have expired or been terminated and the principal of and accrued interest on each Loan and all fees payable hereunder (other than Unasserted Contingent Obligations) shall have been paid in full and all Letters of Credit shall have expired, been terminated, Cash Collateralized or backstopped and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

SECTION 5.01.Financial Statements and Other Information. The Borrower will furnish to the Administrative Agent (for distribution to each Lender):

(a)within 90 days after the end of each fiscal year of the Borrower (or such longer period permitted pursuant to any orders, declarations, laws, regulations or letters issued by the Securities and Exchange Commission or any other government or regulatory authority, not to exceed one hundred twenty (120) days after the end of each fiscal year of the Borrower), the audited consolidated balance sheet and statement of operations, changes in net assets and cash flows of the Borrower and its Subsidiaries as of the end of and for such year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on by KPMG or other independent public accountants of recognized national standing to the effect that such consolidated financial statements present fairly in all material respects the financial condition and results of operations of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP (except as disclosed therein) consistently applied; provided that the requirements set forth in this clause (a) may be fulfilled

by providing to the Administrative Agent the report of the Borrower to the SEC on Form 10-K for the applicable fiscal year;

(b)within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower (or such longer period permitted pursuant to any orders, declarations, laws, regulations or letters issued by the SEC or any other government or regulatory authority, not to exceed seventy-five (75) days after the end of each of the first three (3) fiscal quarters of each fiscal year of the Borrower), the consolidated balance sheet and statement of operations, changes in net assets and cash flows of the Borrower and its Subsidiaries as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year, setting forth in each case in comparative form the figures for (or, in the case of the statements of assets and liabilities, operations, changes in net assets and cash flows, as of the end of) the corresponding period or periods of the previous fiscal year, all certified by a Financial Officer of the Borrower as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP (except as disclosed therein) consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; provided that the requirements set forth in this clause (b) may be fulfilled by providing to the Administrative Agent the report of the Borrower to the SEC on Form 10-Q for the applicable quarterly period;

(c)concurrently with any delivery of financial statements under clause (a) or (b) of this Section, a certificate of a Financial Officer of the Borrower (i) certifying as to whether the Borrower has knowledge that a Default has occurred during the applicable period and, if a Default has occurred and is continuing, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (ii) setting forth reasonably detailed calculations demonstrating compliance with Sections 6.01, 6.02, 6.04 and 6.07 and (iii) stating whether any change in GAAP as applied by (or in the application of GAAP by) the Borrower has occurred since the Effective Date (but only if the Borrower has not previously reported such change to the Administrative Agent and if such change has had a material effect on the financial statements) and, if any such change has occurred, specifying the effect (unless such effect has been previously reported) as determined by the Borrower of such change on the financial statements accompanying such certificate; provided that the requirements set forth in this clause (c)(iii) may be fulfilled by providing to the Administrative Agent the report of the Borrower to the SEC on Form 10-Q for the applicable quarterly period;

(d)as soon as available and in any event not later than 20 days after the end of each monthly accounting period (ending on the last day of each calendar month) of the Borrower and its Subsidiaries, a Borrowing Base Certificate as at the last day of such accounting period which shall include the ratio of the Borrowing Base to the Combined Debt Amount (showing the components of the Combined Debt Amount); provided that if during such monthly accounting period the Borrower had declared or made any Restricted Payment pursuant to Section 6.05(d), such Borrowing Base Certificate shall certify that the condition set forth in Section 6.05(d)(x) was satisfied on the date of each such Restricted Payment;

(e)promptly but no later than five (5) Business Days after any Responsible Officer of the Borrower shall at any time have knowledge that there is a Borrowing Base Deficiency, a Borrowing Base Certificate as at the date such Responsible Officer of the Borrower has knowledge of such Borrowing Base Deficiency indicating the amount of the Borrowing Base Deficiency as at the date such Responsible Officer of the Borrower obtained knowledge of such deficiency and the amount of

the Borrowing Base Deficiency as of the date not earlier than one Business Day prior to the date the Borrowing Base Certificate is delivered pursuant to this paragraph;

(f)promptly upon receipt thereof, copies of all significant written reports submitted to management or the board of directors of the Borrower by the Borrower’s independent public accountants in connection with each annual, interim or special audit or review of any type of the financial statements or related internal control systems of the Borrower or any of its Subsidiaries delivered by such accountants to the management or board of directors of the Borrower (other than the periodic reports that the Borrower’s independent auditors provide, in the ordinary course, to the audit committee of the Borrower’s board of directors);

(g)promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials filed by the Borrower or any of the Subsidiary Guarantors with the Securities and Exchange Commission, or any Governmental Authority succeeding to any or all of the functions of said Commission, or with any national securities exchange, as the case may be; and

(h)promptly following any request therefor, such other information regarding the operations, business affairs and financial condition of the Borrower or any of its Subsidiaries, or compliance with the terms of this Agreement and the other Loan Documents, as the Administrative Agent or any Lender (acting through the Administrative Agent) may reasonably request.

(i)Borrower and each Lender acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant to this Section 5.01 or otherwise are being distributed through IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform (the “Platform”), any document or notice that Borrower has indicated contains Non-Public Information shall not be posted by Administrative Agent on that portion of the Platform designated for such Public Lenders. Borrower agrees to clearly designate all information provided to Administrative Agent by or on behalf of Borrower or any of its Subsidiaries which is suitable to make available to Public Lenders. If Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.01 contains Non-Public Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive material Non-Public Information with respect to Borrower, its Subsidiaries and their Securities (as such term is defined in Section 5.13 of this Agreement).

(j)Notwithstanding anything to the contrary herein, the requirements to deliver documents set forth in Section 5.01(a), (b) and (g) will be fulfilled by filing by the Borrower of the applicable documents for public availability on the SEC’s Electronic Data Gathering and Retrieval system; provided, that the Borrower shall notify the Administrative Agent (by telecopier or electronic mail) of the posting of any such documents.

SECTION 5.02.Notices of Material Events. The Borrower will furnish to the Administrative Agent (for distribution to each Lender) prompt written notice upon any Responsible Officer obtaining knowledge of the following:

(a)the occurrence of any Default;

(b)the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against the Borrower or any of its Subsidiaries that, if adversely determined, would reasonably be expected to result in a Material Adverse Effect;

(c)the occurrence of any ERISA Event that, alone or together with any other ERISA Events that have occurred after the Effective Date, would reasonably be expected to result in liability of the Borrower and its Subsidiaries in an aggregate amount exceeding $50,000,000; and

(d)any other development (excluding matters of a general economic, financial or political nature to the extent that they could not reasonably be expected to have a disproportionate effect on the Borrower) that results in, or would reasonably be expected to result in, a Material Adverse Effect.

Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

SECTION 5.03.Existence: Conduct of Business. The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution not prohibited under Section 6.03.

SECTION 5.04.Payment of Obligations. The Borrower will, and will cause each of its Subsidiaries to, pay its obligations, including income tax and other material tax liabilities and material contractual obligations, that, if not paid, could reasonably be expected to result in a Material Adverse Effect before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.

SECTION 5.05.Maintenance of Properties; Insurance. The Borrower will, and will cause each of its Subsidiaries (other than Immaterial Subsidiaries) to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted except where failure to keep or maintain would not reasonably be expected to result in a Material Adverse Effect; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution not prohibited under Section 6.03, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations.

SECTION 5.06.Books and Records; Inspection and Audit Rights. The Borrower will, and will cause each of its Subsidiaries to, keep books of record and account in accordance with GAAP in all material respects. The Borrower will, and will cause each other Obligor to, permit any representatives designated by the Administrative Agent or any Lender, upon reasonable prior

notice, to visit and inspect its properties during business hours, to examine and make extracts from its books and records (but only to the extent the Borrower is not prohibited from disclosing such information or providing access to such information pursuant to applicable law or an agreement any Obligor entered into with a third party in the ordinary course of its business), and to discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times and as often as reasonably requested, in each case, to the extent such inspection or requests for such information are reasonable and such information can be provided or discussed without violation of law, rule, regulation or contract; provided that (i) the Borrower or such Obligor shall be entitled to have its representatives and advisors present during any inspection of its books and records and (ii) unless an Event of Default shall have occurred and be continuing, the Borrower’s obligation to reimburse any costs and expenses incurred by the Administrative Agent and the Lenders in connection with any such inspection shall be limited to one inspection per calendar year.

SECTION 5.07.Compliance with Laws. The Borrower will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations, including the Investment Company Act, and orders of any Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect. Without limiting the generality of the foregoing, the Borrower will, and will cause its Subsidiaries to, conduct its business and other activities in compliance in all material respects with the provisions of the Investment Company Act and any applicable rules, regulations or orders issued by the Securities and Exchange Commission thereunder.

SECTION 5.08. Certain Obligations Respecting Subsidiaries; Further Assurances.

(a)Subsidiary Guarantors. In the event that the Borrower or any the Subsidiary Guarantors shall form or acquire any new Subsidiary (other than a Financing Subsidiary, a Foreign Subsidiary, an Immaterial Subsidiary or a Subsidiary of a Foreign Subsidiary) the Borrower will cause such new Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under the Guarantee and Security Agreement pursuant to a Guarantee Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel (unless waived by the Administrative Agent) and other documents as is consistent with those delivered by the Borrower pursuant to Section 4.01 upon the Effective Date or as the Administrative Agent shall have reasonably requested.

(b)Ownership of Subsidiaries. The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.

(c)Further Assurances. The Borrower will, and will cause each of the Subsidiary Guarantors to, take such action from time to time as shall reasonably be requested by the Administrative Agent to effectuate the purposes and objectives of this Agreement. Without limiting the generality of the foregoing, the Borrower will, and will cause each of the Subsidiary Guarantors to, take such action from time to time (including filing appropriate Uniform Commercial Code financing statements and executing and delivering such assignments, security agreements and other instruments) as shall be reasonably requested by the Administrative Agent: (i) to create, in favor of the Collateral Agent for the benefit of the Lenders (and any affiliate thereof that is a party to any Hedging Agreement entered into

with the Borrower) and the holders of any Secured Longer-Term Indebtedness or Secured Shorter-Term Indebtedness, perfected security interests and Liens in the Collateral; provided that any such security interest or Lien shall be subject to the relevant requirements of the Security Documents, (ii) in the case of any Portfolio Investment consisting of a Bank Loan (as defined in Section 5.13) that does not constitute all of the credit extended to the underlying borrower under the relevant underlying loan documents and a Financing Subsidiary holds any interest in the loans or other extensions of credit under such loan documents, (x) to cause such Financing Subsidiary to be party to such underlying loan documents as a “lender” having a direct interest (or a participation not acquired from an Obligor) in such underlying loan documents and the extensions of credit thereunder and (y) to ensure that all amounts owing to such Obligor or Financing Subsidiary by the underlying borrower or other obligated party are remitted by such borrower or obligated party directly to separate accounts of such Obligor and such Financing Subsidiary, (iii) in the event that any Obligor is acting as an agent or administrative agent under any loan documents with respect to any Bank Loan that does not constitute all of the credit extended to the underlying borrower under the relevant underlying loan documents, to ensure that all funds held by such Obligor in such capacity as agent or administrative agent is segregated from all other funds of such Obligor and clearly identified as being held in an agency capacity and (iv) if an Event of Default has occurred and is continuing, to cause the closing sets and all executed amendments, consents, forbearances and other modifications and assignment agreements relating to any Portfolio Investment and any other documents relating to any Portfolio Investment requested by the Collateral Agent, in each case, to be held by the Collateral Agent or a custodian pursuant to the terms of a custodian agreement reasonably satisfactory to the Collateral Agent.

SECTION 5.09.Use of Proceeds. The Borrower will use the proceeds of the Loans only for general corporate purposes of the Borrower, including the acquisition and funding (either directly or through one or more wholly-owned Subsidiaries) of leveraged loans, mezzanine loans, high-yield securities, convertible securities, preferred stock, common stock and other Portfolio Investments; provided that neither the Administrative Agent nor any Lender shall have any responsibility as to the use of any of such proceeds. No part of the proceeds of any Loan will be used in violation of (a) applicable law or, directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of buying or carrying any Margin Stock or (b) Section 3.16. Margin Stock shall be purchased by the Obligors only with the proceeds of Indebtedness not directly or indirectly secured by Margin Stock, or with the proceeds of equity capital of the Borrower.

SECTION 5.10.Status of RIC and BDC. The Borrower shall at all times, subject to applicable grace periods set forth in the Code, maintain its status as a RIC under the Code, and as a “business development company” under the Investment Company Act.

SECTION 5.11.Investment Policies. The Borrower shall at all times be in compliance in all material respects with its Investment Policies (after giving effect to any Permitted Policy Amendments).

SECTION 5.12.Portfolio Valuation and Diversification Etc.

(a)Industry Classification Groups. For purposes of this Agreement, the Borrower shall assign each Portfolio Investment to an Industry Classification Group. To the extent that any Portfolio Investment is not correlated with the risks of other Portfolio Investments in an Industry

Classification Group, such Portfolio Investment may be assigned by the Borrower to an Industry Classification Group that is more closely correlated to such Portfolio Investment. In the absence of any correlation, the Borrower shall be permitted, upon prior notice to the Administrative Agent and each Lender, to create up to three additional industry classification groups for purposes of this Agreement.

(b)Portfolio Valuation Etc.

(i)Settlement Date Basis. For purposes of this Agreement, all determinations of whether an investment is to be included as a Portfolio Investment shall be determined on a settlement-date basis (meaning that any investment that has been purchased will not be treated as a Portfolio Investment until such purchase has settled, and any Portfolio Investment which has been sold will not be excluded as a Portfolio Investment until such sale has settled); provided that no such investment shall be included as a Portfolio Investment to the extent it has not been paid for in full.

(ii)Determination of Values. The Borrower will conduct reviews of the value to be assigned to each of its Portfolio Investments as follows:

(A)Quoted Investments - External Review. With respect to Portfolio Investments (including Cash Equivalents) for which market quotations are readily available, the Borrower shall, not less frequently than once each calendar week, determine the market value of such Portfolio Investments which shall, in each case, be determined in accordance with one of the following methodologies (as selected by the Borrower):

(w) in the case of public and 144A securities, the average of the bid prices as determined by two Approved Dealers selected by the Borrower,

(x) in the case of bank loans, the bid price as determined by one Approved Dealer selected by the Borrower,

(y) in the case of any Portfolio Investment traded on an exchange, the closing price for such Portfolio Investment most recently posted on such exchange, and

(z) in the case of any other Portfolio Investment, the fair market value thereof as determined by an Approved Pricing Service selected by the Borrower; and

(B)Unquoted Investments- External Review. With respect to each Portfolio Investment for which market quotations are not readily available, the Borrower shall request an Approved Third-Party Appraiser to assist the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investment, as at the last day of two non-consecutive fiscal quarters each calendar year in each case, and with respect to each calendar year, as selected by the

Borrower in its sole discretion (with respect to such Portfolio Investment) (each, a “Testing Quarter”); provided that:

(x) the Value of any such Portfolio Investment (i.e., a Portfolio Investment for which market quotations are not readily available) acquired shall be deemed to be equal to the cost of such Portfolio Investment until such time as the fair market value of such Portfolio Investment is determined in accordance with the foregoing provisions of this sub-clause (B) as at the last day of the next succeeding Testing Quarter with respect to such Portfolio Investment;

(y) notwithstanding the foregoing, the Board of Directors of the Borrower may, without the assistance of an Approved Third-Party Appraiser, determine the fair market value of such unquoted Portfolio Investment so long as the aggregate Value thereof of all such Portfolio Investments so determined does not at any time exceed 10% of the aggregate Borrowing Base, except that the fair market value of any Portfolio Investment that has been determined without the assistance of an Approved Third-Party Appraiser as at the last day of any Testing Quarter with respect to such Portfolio Investment shall be deemed to be zero as at the last day of the immediately succeeding Testing Quarter with respect to such Portfolio Investment (but effective upon the date upon which the Borrowing Base Certificate for such last day is required to be delivered hereunder) if an Approved Third-Party Appraiser has not assisted the Board of Directors of the Borrower in determining the fair market value of such Portfolio Investments, as at such date; and

(z) no Testing Quarter with respect to any Portfolio Investment for which market quotations are not readily available shall end more than six months following the end of the immediately preceding Testing Quarter for such Portfolio Investment.

(C)Internal Review. The Borrower shall conduct internal reviews of all Portfolio Investments at least once each calendar week which shall take into account any events of which any Responsible Officer of the Borrower has knowledge that adversely affect the value of the Portfolio Investments. If the value of any Portfolio Investment as most recently determined by the Borrower pursuant to this Section 5.12(b)(ii)(C) is lower than the value of such Portfolio Investment as most recently determined pursuant to Section 5.12(b)(ii)(A) and (B), such lower value shall be deemed to be the “Value” of such Portfolio Investment for purposes hereof; provided that the Value of any Portfolio Investment of the Borrower and its Subsidiaries shall be increased by the net unrealized gain as at the date such Value is determined of any Hedging Agreement entered into to hedge risks associated with such Portfolio Investment and reduced by the net unrealized loss as at such date of any such Hedging Agreement (such net unrealized gain or net unrealized loss, on any date, to be equal to the aggregate amount receivable or payable under the related Hedging Agreement if the same were terminated on such date).

(D)Failure to Determine Values. If the Borrower shall fail to determine the value of any Portfolio Investment as at any date pursuant to the requirements of the foregoing sub-clauses (A), (B) or (C), then the “Value” of such Portfolio Investment as at such date shall be deemed to be zero.

(E)Testing of Values.

(x) For the second calendar month immediately following the end of each fiscal quarter (the last such fiscal quarter is referred to herein as, the “Testing Period”), the Administrative Agent shall cause an Approved Third-Party Appraiser selected by the Administrative Agent to value such number of Unquoted Investments (selected by the Administrative Agent) that collectively have an aggregate Value approximately equal to the Calculation Amount. The Administrative Agent agrees to notify the Borrower of the Unquoted Investments selected by the Administrative Agent to be tested in each Testing Period. If there is a difference between the Borrower’s valuation and the Approved Third-Party Appraiser’s valuation of any Unquoted Investment, the Value of such Unquoted Investment for Borrowing Base purposes shall be established as set forth in sub-clause (F) below.

(y) For the avoidance of doubt, the valuation of any Approved Third-Party Appraiser selected by the Administrative Agent would not be as of, or delivered at, the end of any fiscal quarter. Any such valuation would be as of the end of the second month immediately following any fiscal quarter (the “Administrative Agent Appraisal Testing Period”) and would be reflected in the Borrowing Base Certificate for such month (provided that such Approved Third-Party Appraiser delivers such valuation at least seven (7) Business Days before the 20th day after the end of the applicable monthly accounting period and, if such valuation is delivered after such time, it shall be included in the Borrowing Base Certificate for the following monthly period and applied to the then applicable balance of the related Portfolio Investment). For illustrative purposes, if the given fiscal quarter is the fourth quarter ending on December 31, 2012, then (A) the Administrative Agent would initiate the testing of Values using the December 31, 2012 Calculation Values for purposes of determining the scope of the testing under clauses (E)(x) during the month of February with the anticipation of receiving the valuations from the applicable Approved Third-Party Appraiser(s) on or after February 28, 2013 and (B)(xx) if such valuations were received before the 7th Business Day before March 20, 2013, such valuations would be included in the March 20, 2013 Borrowing Base Certificate covering the month of February, or (yy) if such valuations were received after such time, they would be included in the April 20, 2013 Borrowing Base Certificate for the month of March.

For the avoidance of doubt, all calculations of value pursuant to this Section 5.12(b)(ii)(E) shall be determined without application of the Advance Rates.

(F)Valuation Dispute Resolution. Notwithstanding the foregoing, the Administrative Agent shall at any time have the right to request any Unquoted Investment be independently valued by an Approved Third-Party Appraiser selected by the Administrative Agent. There shall be no limit on the number of such appraisals requested by the Administrative Agent and the costs of any such valuation shall be at the expense of the Borrower. If the difference between the Borrower’s valuation pursuant to Section 5.12(b)(ii)(B) and the valuation of any Approved Third-Party Appraiser selected by the Administrative Agent pursuant to Section 5.12(b)(ii)(E) or (F) is (1) less than 5% of the value thereof, then the Borrower’s valuation shall be used, (2) between 5% and 20% of the value thereof, then the valuation of such Portfolio Investment shall be the average of the value determined by the Borrower and the value determined by the Approved Third-Party Appraiser retained by the Administrative Agent and (3) greater than 20% of the value thereof, then the Borrower and the Administrative Agent shall select an additional Approved Third-Party Appraiser and the valuation of such Portfolio Investment shall be the average of the three valuations (with the Administrative Agent’s Approved Third-Party Appraiser’s valuation to be used until the third valuation is obtained).

(c)RIC Diversification Requirements. The Borrower will, and will cause its Subsidiaries (other than Financing Subsidiaries that are exempt from the Investment Company Act) at all times to, subject to applicable grace periods set forth in the Code, comply with the portfolio diversification requirements set forth in the Code applicable to RICs, to the extent applicable.

SECTION 5.13.Calculation of Borrowing Base. For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the Advance Rates of the Value of each Portfolio Investment (excluding any Cash Collateral held by the Administrative Agent pursuant to Section 2.05(k) or the last paragraph of Section 2.09(a)); provided that:

(a)the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in a consolidated group of corporations or other entities (collectively, a “Consolidated Group”), in accordance with GAAP, that exceeds 6% of the aggregate Value of all Portfolio Investments in the Collateral Pool as of the end of the most recent quarter shall be 50% of the Advance Rate otherwise applicable;

(b)the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments of all issuers in a Consolidated Group exceeding 12% of the aggregate Value of all Portfolio Investments in the Collateral Pool as of the end of the most recent quarter shall be 0%;

(c)the Advance Rate applicable to that portion of the aggregate Value of the Portfolio Investments in any single Industry Classification Group that exceeds 25% of the aggregate Value of all Portfolio Investments in the Collateral Pool as of the end of the most recent quarter shall be 0%;

provided that, with respect to the Portfolio Investments in a single Industry Classification Group from time to time designated by the Borrower to the Administrative Agent such 25% figure shall be increased to 30% and, accordingly, only to the extent that the Value for such single Industry Classification Group exceeds 30% of the aggregate Value of all Portfolio Investments in the Collateral Pool as of the end of the most recent quarter shall the Advance Rate applicable to such excess Value be 0%;

(d)no Portfolio Investment may be included in the Borrowing Base unless the Collateral Agent maintains a first priority, perfected Lien (subject to Permitted Liens) on such Portfolio Investment and such Portfolio Investment has been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent, and then only for so long as such Portfolio Investment continues to be Delivered as contemplated therein;

(e)the portion of the Borrowing Base attributable to Performing Non-Cash Pay High Yield Securities, Performing Non-Cash Pay Mezzanine Investments, Equity Interests and Non-Performing Portfolio Investments shall not exceed 20%;

(f)the portion of the Borrowing Base attributable to Equity Interests shall not exceed 10% (it being understood that in no event shall Equity Interests of Financing Subsidiaries be included in the Borrowing Base);

(g)the portion of the Borrowing Base attributable to Non-Performing Portfolio Investments shall not exceed 15% and the portion of the Borrowing Base attributable to Portfolio Investments that were Non-Performing Portfolio Investments at the time such Portfolio Investments were acquired shall not exceed 5%;

(h)the portion of the Borrowing Base attributable to Portfolio Investments invested outside the United States, Canada, the United Kingdom, Australia, Germany, France, Belgium, the Netherlands, Luxembourg, Switzerland, Denmark, Finland, Norway and Sweden shall not exceed 5% without the consent of the Administrative Agent and JPMorgan Chase Bank, N.A.;

(i)at any time the Borrower Asset Coverage Ratio as of the end of the most recent fiscal quarter is greater than or equal to 2.00 to 1.00, but less than 2.25 to 1.00, the portion of the Borrowing Base attributable to Portfolio Investments other than Performing First Lien Bank Loans shall not exceed 62.5%; and

(j)at any time the Borrower Asset Coverage Ratio as of the end of the most recent fiscal quarter is greater than or equal to 2.25 to 1.00, the portion of the Borrowing Base attributable to Portfolio Investments other than Performing First Lien Bank Loans shall not exceed 67.5%.

As used herein, the following terms have the following meanings:

“Advance Rate” means, as to any Portfolio Investment and subject to adjustment as provided in Section 5.13(a), (b) and (c), the following percentages with respect to such Portfolio Investment:

Portfolio Investment	Quoted	Unquoted
Cash, Cash Equivalents and    Short-Term U.S. Government Securities	100%	0%

Long-Term U.S. Government Securities	95%	0%
Performing First Lien Bank Loans	85%	75%
Performing Unitranche Loans	80%	70%
Performing Second Lien Bank Loans	75%	65%
Performing Cash Pay High Yield Securities	70%	60%
Performing Cash Pay Mezzanine Investments	65%	55%
Performing Non-Cash Pay High Yield Securities	60%	50%
Performing Non-Cash Pay Mezzanine Investments	55%	45%
Non-Performing First Lien Bank Loans	45%	45%
Non-Performing Unitranche Loans	40%	40%
Non-Performing Second Lien Bank Loans	40%	30%
Non-Performing High Yield Securities	30%	30%
Non-Performing Cash Pay Mezzanine Investments	30%	25%
Performing Common Equity (and zero cost or    penny warrants with performing debt)	30%	20%
Non-Performing Common Equity	0%	0%
Structured Finance Obligations and Finance Leases	0%	0%

“Bank Loans” means debt obligations (including term loans, notes, revolving loans, debtor-in-possession financings, the funded and unfunded portion of revolving credit lines and letter of credit facilities and other similar loans and investments including interim loans and senior subordinated loans) which are generally under a loan or credit facility (whether or not syndicated) or note purchase agreement.

“Capital Stock” of any Person means any and all shares of corporate stock (however designated) of and any and all other Equity Interests and participations representing ownership interests (including membership interests and limited liability company interests) in, such Person.

“Cash” has the meaning assigned to such term in Section 1.01 of this Agreement.

“Cash Equivalents” has the meaning assigned to such term in Section 1.01 of this Agreement.

“Finance Lease” means any transaction representing the obligation of a lessee to pay rent or other amounts under a lease which is required to be classified and accounted for as a capital lease on the balance sheet of such lessee under GAAP.

“First Lien Bank Loan” means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest (subject to Liens for “ABL” revolvers and customary encumbrances) on a substantial portion of the assets of the respective borrower and guarantors obligated in respect thereof.

“High Yield Securities” means debt Securities and Preferred Stock, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) or other exemption to the Securities Act and (c) that are not Cash Equivalents, Mezzanine Investments or Bank Loans.

“Long-Term U.S. Government Securities” means U.S. Government Securities maturing more than one year from the applicable date of determination.

“Mezzanine Investments” means debt Securities (including convertible debt Securities (other than the “in-the-money” equity component thereof)) and Preferred Stock in each case (a) issued by public or private issuers, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same issuer.

“Non-Performing Common Equity” means Capital Stock (other than Preferred Stock) and warrants of an issuer having any debt outstanding that is non-Performing.

“Non-Performing First Lien Bank Loans” means First Lien Bank Loans other than Performing First Lien Bank Loans.

“Non-Performing High Yield Securities” means High Yield Securities other than Performing High Yield Securities.

“Non-Performing Mezzanine Investments” means Mezzanine Investments other than Performing Mezzanine Investments.

“Non-Performing Portfolio Investment” means Portfolio Investments for which the issuer is in default of any payment obligations of principal or interest in respect thereof after the expiration of any applicable grace period.

“Non-Performing Second Lien Bank Loans” means Second Lien Bank Loans other than Performing Second Lien Bank Loans.

“Non-Performing Unitranche Loans” means Unitranche Loans other than Performing Unitranche Loans.

“Performing” means (a) with respect to any Portfolio Investment that is debt, the issuer of such Portfolio Investment is not in default of any payment obligations in respect thereof after the expiration of any applicable grace period and (b) with respect to any Portfolio Investment that is Preferred Stock, the issuer of such Portfolio Investment has not failed to meet any scheduled redemption obligations or to pay its latest declared cash dividend, after the expiration of any applicable grace period.

“Performing Cash Pay High Yield Securities” means High Yield Securities (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semiannual or annual period (as applicable) is payable in cash and (b) which are Performing.

“Performing Cash Pay Mezzanine Investments” means Mezzanine Investments (a) as to which, at the time of determination, not less than 2/3rds of the interest (including accretions and “pay-in-kind” interest) for the current monthly, quarterly, semi-annual or annual period (as applicable) is payable in cash and (b) which are Performing.

“Performing Common Equity” means Capital Stock (other than Preferred Stock) and warrants of an issuer all of whose outstanding debt is Performing.

“Performing First Lien Bank Loans” means First Lien Bank Loans which are Performing.

“Performing Non-Cash Pay High Yield Securities” means Performing High Yield Securities other than Performing Cash Pay High Yield Securities.

“Performing Non-Cash Pay Mezzanine Investments” means Performing Mezzanine Investments other than Performing Cash Pay Mezzanine Investments.

“Performing Second Lien Bank Loans” means Second Lien Bank Loans which are Performing.

“Preferred Stock,” as applied to the Capital Stock of any Person, means Capital Stock of such Person of any class or classes (however designated) that ranks prior, as to the payment of dividends or as to the distribution of assets upon any voluntary or involuntary liquidation, dissolution or winding up of such Person, to any shares (or other interests) of other Capital Stock of such Person, and shall include, without limitation, cumulative preferred, non-cumulative preferred, participating preferred and convertible preferred Capital Stock.

“Second Lien Bank Loan” means a Bank Loan that is entitled to the benefit of a second lien and second priority perfected security interest (subject to customary encumbrances) on specified assets of the respective Borrower and guarantors obligated in respect thereof.

“Securities” means common and preferred stock, units and participations, member interests in limited liability companies, partnership interests in partnerships, notes, bonds, debentures, trust receipts and other obligations, instruments or evidences of indebtedness, including debt instruments of public and private issuers and tax-exempt securities (including warrants, rights, put and call options and other options relating thereto, representing rights, or any combination thereof) and other property or interests commonly regarded as securities or any form of interest or participation therein, but not including Bank Loans.

“Securities Act” means the United States Securities Act of 1933, as amended.

“Short-Term U.S. Government Securities” means U.S. Government Securities maturing within one year of the applicable date of determination.

“Structured Finance Obligation” means any obligation issued by a special purpose vehicle and secured directly by, referenced to, or representing ownership of, a pool of receivables or other financial assets of any obligor, including collateralized debt obligations and mortgaged-backed securities. For the avoidance of doubt, if an obligation satisfies the definition of “Structured Finance Obligation”, such obligation shall not (a) qualify as any other category of Portfolio Investment and (b) be included in the Borrowing Base.

“U.S. Government Securities” has the meaning assigned to such term in Section 1.01.

“Unitranche Loan” means a Bank Loan that is a First Lien Bank Loan, a portion of which is, in effect, subject to superpriority rights of other lenders following an event of default (such portion, a “second out” portion). The Borrower’s investment in the second out portion shall be treated as a Unitranche Loan for purposes of determining the applicable Advance Rate for such Portfolio Investment under this Agreement.

“Value” means, with respect to any Portfolio Investment, the lower of:

(i) the most recent internal market value as determined pursuant to Section 5.12(b)(ii)(C) and

(ii) the most recent external market value as determined pursuant to Section 5.12(b)(ii)(A) and (B).

ARTICLE VINEGATIVE COVENANTS

Until the Commitments have expired or terminated and the principal of and accrued interest on each Loan and all fees payable hereunder (other than Unasserted Contingent Obligations) have been paid in full and all Letters of Credit have expired, been terminated, Cash Collateralized or backstopped and all LC Disbursements shall have been reimbursed, the Borrower covenants and agrees with the Lenders that:

SECTION 6.01.Indebtedness. Subject to the last sentence of this Section 6.01, the Borrower will not, nor will it permit any of the Subsidiary Guarantors to, create, incur, assume or permit to exist any Indebtedness, except:

(a)Indebtedness created hereunder or under any other Loan Document;

(b)Secured Longer-Term Indebtedness and Unsecured Longer-Term Indebtedness so long as (i) no Default exists at the time of the incurrence thereof, (ii) the aggregate amount of such Secured Longer-Term Indebtedness and Unsecured Longer-Term Indebtedness, taken together with other then-outstanding Indebtedness, does not exceed the amount required to comply with the provisions of Sections 6.07(c) and (d), and (iii) prior to and immediately after giving effect to the incurrence of any Secured Longer-Term Indebtedness, the Covered Debt Amount does not or would not exceed the Borrowing Base then in effect;

(c)Other Permitted Indebtedness;

(d)Guarantees of Indebtedness otherwise permitted hereunder;

(e)Indebtedness of any Obligor owing to any other Obligor or, if such Indebtedness is subject to subordination terms and conditions that are satisfactory to the Administrative Agent, any other Subsidiary of the Borrower;

(f)Indebtedness of Financing Subsidiaries;

(g)repurchase obligations arising in the ordinary course of business with respect to U.S. Government Securities;

(h)obligations payable to clearing agencies, brokers or dealers in connection with the purchase or sale of securities in the ordinary course of business;

(i)Secured Shorter-Term Indebtedness so long as (i) no Default exists at the time of the incurrence thereof, (ii) the aggregate amount (determined at the time of the incurrence of such Indebtedness) of such Indebtedness does not exceed the greater of (A) $20,000,000 and (B) 5% of Shareholders’ Equity, (iii) the aggregate amount of such Indebtedness, taken together with other then-outstanding Indebtedness, does not exceed the amount required to comply with the provisions of Sections 6.07(c) and (d), and (iv) prior to and immediately after giving effect to the incurrence of any such Indebtedness, the Covered Debt Amount does not or would not exceed the Borrowing Base then in effect;

(j)obligations (including Guarantees) in respect of Standard Securitization Undertakings;

(k)Permitted SBIC Guarantees;

(l)Indebtedness incurred pursuant to the 2024 Notes or the 2026 Notes;

(m)Unsecured Shorter-Term Indebtedness (other than Special Unsecured Indebtedness that would otherwise constitute Unsecured Shorter-Term Indebtedness) so long as (i) no Default exists at the time of the incurrence thereof, (ii) the aggregate amount (determined at the time of the incurrence of such Indebtedness) of such Indebtedness does not exceed $500,000,000, (iii) the aggregate amount (determined at the time of the incurrence of such Indebtedness) of such Indebtedness, taken together with then-outstanding Special Unsecured Indebtedness incurred pursuant to Section 6.01(n), does not exceed $1,000,000,000, (iv) the aggregate amount of such Indebtedness, taken together with other then-outstanding Indebtedness, does not exceed the amount required to comply with the provisions of Sections 6.07(c) and (d), and (v) prior to and immediately after giving effect to the incurrence of any such Indebtedness, the Covered Debt Amount does not or would not exceed the Borrowing Base then in effect;

(n)Special Unsecured Indebtedness so long as (i) no Default exists at the time of the incurrence thereof, (ii) the aggregate amount (determined at the time of the incurrence of such Indebtedness) of such Indebtedness does not exceed $1,000,000,000, (iii) the aggregate amount (determined at the time of the incurrence of such Indebtedness) of such Indebtedness, taken together with then-outstanding Unsecured Shorter-Term Indebtedness incurred pursuant to Section 6.01(m), does not exceed $1,000,000,000, (iv) the aggregate amount of such Indebtedness, taken together with other then-outstanding Indebtedness, does not exceed the amount required to comply with the provisions of Sections 6.07(c) and (d), and (v) prior to and immediately after giving effect to the incurrence of any such Indebtedness, the Covered Debt Amount does not or would not exceed the Borrowing Base then in effect; and

(o)other Indebtedness not to exceed the greater of (i) $25,000,000 and (ii) 5% of Shareholders’ Equity at any time outstanding.

SECTION 6.02.Liens. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it, or assign or sell any income or revenues (including accounts receivable) or rights in respect of any thereof except:

(a)any Lien on any property or asset of the Borrower existing on the Original Effective Date and set forth in Part B of Schedule 3.11; provided that (i) no such Lien shall extend to any other property or asset of the Borrower or any of the Subsidiary Guarantors (other than proceeds thereof of accessions thereto), and (ii) any such Lien shall secure only those obligations which it secures on the Original Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof except to the extent not prohibited hereunder;

(b)Liens created pursuant to this Agreement (including Section 2.19) or any of the Security Documents (including Liens in favor of the Designated Indebtedness Holders (as defined in the Guarantee and Security Agreement));

(c)Liens on the assets of a Financing Subsidiary securing obligations of such Financing Subsidiary;

(d)Liens on Special Equity Interests included in the Portfolio Investments of the Borrower but only to the extent securing obligations in the manner provided in the definition of “Special Equity Interests” in Section 1.01;

(e)Liens securing Indebtedness or other obligations in an aggregate principal amount not exceeding the greater of (i) $25,000,000 and (ii) 5% of Shareholders’ Equity at any one time outstanding (which may cover Portfolio Investments, but only to the extent released from, or otherwise not covered by, the Lien in favor of the Collateral Agent pursuant to Section 10.03 of the Guarantee and Security Agreement), so long as at the time of incurrence of such Indebtedness or other obligations, the aggregate outstanding principal amount of Indebtedness permitted under clauses (a), (b), (i), (m) and (n) of Section 6.01, does not exceed the lesser of (i) the Borrowing Base and (ii) the amount required to comply with the provisions of Sections 6.07(c) and (d);

(f)Permitted Liens;

(g)Liens on Equity Interests in any SBIC Subsidiary created in favor of the SBA;

(h)[Reserved];

(i)(x) Liens securing Hedging Agreements permitted under Section 6.04(c) and not otherwise permitted under clause (b) above in an aggregate amount not to exceed $15,000,000 at any time and (y) Liens incurred in connection with any Hedging Agreement either entered into with a Lender (or an Affiliate of a Lender) on an uncleared basis or cleared through a Lender (or Affiliate of a Lender) as futures commission merchant in the ordinary course of business and not for speculative purposes (it being understood that such Lien shall continue to be permitted pursuant to this sub-clause (y) even if such Lender has assigned all of its Loans and other interests in this Agreement and thus has ceased to be a Lender hereunder); provided that in no event shall any Obligor be permitted to create, incur or assume any Lien pursuant to this clause (i) or increase the aggregate amount of collateral securing any Liens previously permitted under this clause (i) unless both before and after giving effect

to the creation, incurrence or assumption of such Lien or such increase in the aggregate amount of collateral securing such Lien the Covered Debt Amount does not exceed the Borrowing Base (after giving effect to the exclusion of all such collateral from the Borrowing Base); and

(j)Liens securing repurchase obligations arising in the ordinary course of business with respect to U.S. Government Securities.

SECTION 6.03.Fundamental Changes. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, enter into any transaction of merger or consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution). The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, acquire any business or property from, or capital stock of, or be a party to any acquisition of, any Person, except for purchases or acquisitions of Portfolio Investments and other assets in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries and not in violation of the terms and conditions of this Agreement or any other Loan Document. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its assets, whether now owned or hereafter acquired, but excluding (x) assets (other than Portfolio Investments) sold or disposed of in the ordinary course of business (including to make expenditures of cash in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries) and (y) subject to the provisions of clauses (d) and (e) below, Portfolio Investments.

Notwithstanding the foregoing provisions of this Section:

(a)any Subsidiary Guarantor of the Borrower may be merged or consolidated with or into the Borrower or any other Subsidiary Guarantor; provided that if any such transaction shall be between a Subsidiary Guarantor and a wholly owned Subsidiary Guarantor, the wholly owned Subsidiary Guarantor shall be the continuing or surviving entity;

(b)any Subsidiary Guarantor of the Borrower may sell, lease, transfer (including a deemed transfer resulting from a division or plan of division) or otherwise dispose of any or all of its assets (upon voluntary liquidation or otherwise) to the Borrower or any wholly owned Subsidiary Guarantor of the Borrower;

(c)the capital stock of any Subsidiary of the Borrower may be sold, transferred (including a deemed transfer resulting from a division or plan of division) or otherwise disposed of to the Borrower or any wholly owned Subsidiary Guarantor of the Borrower;

(d)the Obligors may sell, transfer (including a deemed transfer resulting from a division or plan of division) or otherwise dispose of Portfolio Investments (other than to a Financing Subsidiary) so long as after giving effect to such sale, transfer or other disposition (and any concurrent acquisitions of Portfolio Investments or payment of outstanding Loans or Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time) the Covered Debt Amount does not exceed the Borrowing Base;

(e)the Obligors may sell, transfer (including a deemed transfer resulting from a division or plan of division) or otherwise dispose of Portfolio Investments to a Financing Subsidiary so long as (i) after giving effect to such sale, transfer or other disposition (and any concurrent acquisitions

of Portfolio Investments or payment of outstanding Loans or Other Covered Indebtedness or any other Indebtedness that is included in the Covered Debt Amount at such time) the Covered Debt Amount does not exceed the Borrowing Base and the Borrower delivers to the Administrative Agent a certificate of a Financial Officer to such effect and (ii) either (x) the amount by which the Borrowing Base exceeds the Covered Debt Amount immediately prior to such release is not diminished as a result of such release or (y) the Borrowing Base immediately after giving effect to such release is at least 110% of the Covered Debt Amount;

(f)the Borrower may merge or consolidate with,or acquire all or substantially all of the assets of, any other Person so long as (i) the Borrower is the continuing or surviving entity in such transaction and (ii) at the time thereof and after giving effect thereto, no Default shall have occurred or be continuing; and

(g)the Borrower and each of the Subsidiary Guarantors may sell, lease, transfer (including a deemed transfer resulting from a division or plan of division) or otherwise dispose of equipment or other property or assets that do not consist of Portfolio Investments so long as the aggregate amount of all such sales, leases, transfer and dispositions does not exceed $5,000,000 in any fiscal year.

SECTION 6.04.Investments. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, acquire, make or enter into, or hold, any Investments except:

(a)operating deposit accounts with banks;

(b)Investments by the Borrower and the Subsidiary Guarantors in the Borrower and the Subsidiary Guarantors;

(c)Hedging Agreements entered into in the ordinary course of the Borrower’s financial planning and not for speculative purposes;

(d)Portfolio Investments by the Borrower and its Subsidiaries to the extent such Portfolio Investments are permitted under the Investment Company Act and the Borrower’s Investment Policies as in effect as of the date such Portfolio Investments are acquired;

(e)Investments in Financing Subsidiaries so long as, (i) after giving effect to such Investment, the Covered Debt Amount does not exceed the Borrowing Base and (ii) the sum of (x) all Investments under this clause (e) that occur after the Extended Commitment Termination Date and (y) all Investments under clause (f) below that occur after the Extended Commitment Termination Date, shall not exceed $10,000,000 in the aggregate;

(f)additional Investments up to but not exceeding $15,000,000 in the aggregate; provided that the sum of (x) all Investments under this clause (f) that occur after the Extended Commitment Termination Date and (y) all Investments under clause (e) above that occur after the Extended Commitment Termination Date, shall not exceed $10,000,000 in the aggregate;

(g)Investments in Cash and Cash Equivalents;

(h)Investments described on Schedule 3.12(b);

(i)Investments by a Financing Subsidiary; and

(j)Investments in the form of Guarantees permitted pursuant to Section 6.01.

For purposes of clause (f) of this Section, the aggregate amount of an Investment at any time shall be deemed to be equal to (A) the aggregate amount of cash, together with the aggregate fair market value of property, loaned, advanced, contributed, transferred or otherwise invested that gives rise to such Investment minus (B) the aggregate amount of dividends, distributions or other payments received in cash in respect of such Investment; provided that in no event shall the aggregate amount of such Investment be deemed to be less than zero; the amount of an Investment shall not in any event be reduced by reason of any write-off of such Investment nor increased by any increase in the amount of earnings retained in the Person in which such Investment is made that have not been dividended, distributed or otherwise paid out.

SECTION 6.05.Restricted Payments. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except that the Borrower may declare and pay:

(a)dividends with respect to the capital stock of the Borrower payable solely in additional shares of the Borrower’s common stock;

(b)dividends and distributions in either case in cash or other property (excluding for this purpose the Borrower’s common stock) in any taxable year of the Borrower in amounts not to exceed the amount that is determined in good faith by the Borrower to be required to (i) maintain the status of the Borrower as a RIC, and (ii) avoid federal excise taxes for such taxable year imposed by Section 4982 of the Code;

(c)dividends and distributions in each case in cash or other property (excluding for this purpose the Borrower’s common stock) in addition to the dividends and distributions permitted under the foregoing clauses (a) and (b), so long as on the date of such Restricted Payment and after giving effect thereto:

(i)no Default shall have occurred and be continuing or would result therefrom; and

(ii)the aggregate amount of Restricted Payments made during any taxable year of the Borrower after the date hereof under this clause (c) shall not exceed the difference of (x) an amount equal to 10% of the taxable income of the Borrower for such taxable year determined under section 852(b)(2) of the Code, but without regard to subparagraphs (A), (B) or (D) thereof, minus (y) the amount, if any, by which dividends and distributions made during such taxable year pursuant to the foregoing clause (b) (whether in respect of such taxable year or the previous taxable year) based upon the Borrower’s estimate of taxable income exceeded the actual amounts specified in subclauses (i) and (ii) of such foregoing clause (b) for such taxable year.

(d)other Restricted Payments so long as on the date of such other Restricted Payment and after giving effect thereto (x) the Covered Debt Amount does not exceed 90% of the Borrowing Base and (y) no Default shall have occurred and be continuing or would result therefrom.

Nothing herein shall be deemed to prohibit the payment of Restricted Payments by any Subsidiary of the Borrower to the Borrower or to any other Subsidiary Guarantor.

SECTION 6.06.Certain Restrictions on Subsidiaries. The Borrower will not permit any of its Subsidiaries (other than Financing Subsidiaries) to enter into or suffer to exist any indenture, agreement, instrument or other arrangement (other than the Loan Documents) that prohibits or restrains, in each case in any material respect, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the declaration or payment of dividends, the making of loans, advances, guarantees or Investments or the sale, assignment, transfer or other disposition of property to the Borrower by any Subsidiary; provided that the foregoing shall not apply to (i) indentures, agreements, instruments or other arrangements pertaining to other Indebtedness permitted hereby (provided that such restrictions would not adversely affect the exercise of rights or remedies of the Administrative Agent or the Lenders hereunder or under the Security Documents or restrict any Subsidiary in any manner from performing its obligations under the Loan Documents) and (ii) indentures, agreements, instruments or other arrangements pertaining to any lease, sale or other disposition of any asset permitted by this Agreement or any Lien permitted by this Agreement on such asset so long as the applicable restrictions only apply to the assets subject to such lease, sale, other disposition or Lien.

SECTION 6.07.Certain Financial Covenants.

(a)Minimum Shareholders’ Equity. The Borrower will not permit Shareholders’ Equity at the last day of any fiscal quarter of the Borrower to be less than $500,000,000 plus 25% of the net proceeds of the sale of Equity Interests by the Borrower and its Subsidiaries after the Ninth Amendment Effective Date (other than proceeds of sales of Equity Interests by and among the Borrower and its Subsidiaries).

(b)[Reserved].

(c)Borrower Asset Coverage Ratio. The Borrower will not permit the Borrower Asset Coverage Ratio at the last day of any fiscal quarter of the Borrower to be less than 2.00 to 1 at any time.

(d)Consolidated Asset Coverage Ratio. The Borrower will not permit the Consolidated Asset Coverage Ratio at the last day of any fiscal quarter of the Borrower to be less than 1.50 to 1 at any time.

SECTION 6.08.Transactions with Affiliates. The Borrower will not, and will not permit any of its Subsidiaries to enter into any transactions with any of its Affiliates, even if otherwise permitted under this Agreement, except (a) transactions at prices and on terms and conditions not materially less favorable to the Borrower or such Subsidiary (other than a SBIC Subsidiary) than could be obtained on an arm’s-length basis from unrelated third parties, (b) transactions between or among the Borrower and its Subsidiaries not involving any other Affiliate, (c) Restricted Payments permitted by Section 6.05, (d) the Affiliate Agreements and the transactions provided in the Affiliate Agreements, (e) transactions described on Schedule 6.08, (f) any Investment that results in the creation of an Affiliate or (g) transactions between or among the Obligors and any SBIC Subsidiary or any “downstream affiliate” (as such term is used under the rules promulgated under the Investment Company Act) company of an Obligor at prices and on

terms and conditions, taken as a whole, not materially less favorable to the Obligors than could be obtained at the time on an arm’s-length basis from unrelated third parties.

SECTION 6.09.Lines of Business. The Borrower will not, nor will it permit any of its Subsidiaries (other than Immaterial Subsidiaries) to, engage to any material extent in any business other than in accordance with its Investment Policies. The Borrower will not, nor will it permit any of its Subsidiaries to amend or modify the Investment Policies (other than a Permitted Policy Amendment).

SECTION 6.10.No Further Negative Pledge. The Borrower will not, and will not permit any of the Subsidiary Guarantors to, enter into any agreement, instrument, deed or lease which prohibits or limits in any material respect the ability of any Obligor to create, incur, assume or suffer to exist any Lien upon any of its properties, assets or revenues, whether now owned or hereafter acquired, or which requires the grant of any security for an obligation if security is granted for another obligation, except the following: (a) this Agreement, the other Loan Documents and documents with respect to Indebtedness permitted under Section 6.01(b),(i), (m) or (n); (b) covenants in documents creating Liens permitted by Section 6.02 (including covenants with respect to the Designated Obligations or Designated Indebtedness Holders under (and, in each case, as defined in) the Security Documents) prohibiting further Liens on the assets encumbered thereby; (c) customary restrictions contained in leases not subject to a waiver; (d) any such agreement that imposes restrictions on investments or other interests in Financing Subsidiaries (but no other assets of any Obligor); and (e) any other agreement that does not restrict in any manner (directly or indirectly) Liens created pursuant to the Loan Documents on any Collateral securing the “Secured Obligations” under and as defined in the Guarantee and Security Agreement and does not require the direct or indirect granting of any Lien securing any Indebtedness or other obligation by virtue of the granting of Liens on or pledge of property of any Obligor to secure the Loans or any Hedging Agreement.

SECTION 6.11.Modifications of Longer-Term Indebtedness Documents. The Borrower will not consent to any modification, supplement or waiver of:

(a)any of the provisions of any agreement, instrument or other document evidencing or relating to any Secured Longer-Term Indebtedness or Unsecured Longer-Term Indebtedness that would result in such Indebtedness not meeting the requirements of the definition of “Secured Longer-Term Indebtedness” and “Unsecured Longer-Term Indebtedness”, as applicable, set forth in Section 1.01 of this Agreement, unless (i) in the case of Secured Longer-Term Indebtedness, such Indebtedness would have been permitted to be incurred as Secured Shorter-Term Indebtedness at the time of such modification, supplement or waiver and the Borrower so designates such Indebtedness as “Secured Shorter-Term Indebtedness” (whereupon such Indebtedness shall be deemed to constitute “Secured Shorter-Term Indebtedness” for all purposes of this Agreement) and (ii) in the case of Unsecured Longer-Term Indebtedness, such Indebtedness would have been permitted to be incurred as Unsecured Shorter-Term Indebtedness at the time of such modification, supplement or waiver and the Borrower so designates such Indebtedness as “Unsecured Shorter-Term Indebtedness” (whereupon such Indebtedness shall be deemed to constitute “Unsecured Shorter-Term Indebtedness” for all purposes of this Agreement); or

(b)any of the Affiliate Agreements, unless such modification, supplement or waiver is not materially less favorable to the Borrower than could be obtained on an arm’s-length basis from unrelated third parties, in each case, without the prior consent of the Administrative Agent (with the approval of the Required Lenders).

SECTION 6.12.Payments of Longer-Term Indebtedness, the 2024 Notes and the 2026 Notes. The Borrower will not, nor will it permit any of the Subsidiary Guarantors to, purchase, redeem, retire or otherwise acquire for value, or set apart any money for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of or make any voluntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of, any Secured Longer-Term Indebtedness, Unsecured Longer-Term Indebtedness, Special Unsecured Indebtedness, the 2024 Notes or the 2026 Notes (other than the refinancing of Secured Longer-Term Indebtedness, Unsecured Longer-Term Indebtedness, Special Unsecured Indebtedness, the 2024 Notes or the 2026 Notes with Indebtedness permitted under Section 6.01), except for (a) regularly scheduled payments, prepayments or redemptions of principal and interest in respect thereof required pursuant to the instruments evidencing such Indebtedness (it being understood that: (w) the conversion features into Permitted Equity Interests under convertible notes; (x) the triggering of such conversion and/or settlement thereof solely with Permitted Equity Interests; and (y) any cash payment on account of interest or expenseson such convertible notes made by the Borrower in respect of such triggering and/or settlement thereof shall be permitted under this clause (a)); (b) so long as no Default shall exist or be continuing, any payment that, if treated as a Restricted Payment for purposes of Section 6.05(d), would be permitted to be made pursuant to the provisions set forth in Section 6.05(d); (c) voluntary payments or prepayments of Secured Longer-Term Indebtedness, so long as both before and after giving effect to such voluntary payment or prepayment (i) the Borrower is in pro forma compliance with the financial covenants set forth in Section 6.07 and (ii) no Default shall exist or be continuing; (d) mandatory payments, required prepayments or mandatory redemptions of any other convertible notes constituting Unsecured Longer-Term Indebtedness or Special Unsecured Indebtedness in Cash (including any cash payment elected to be paid in connection with the settlement by the Borrower of any conversion at the option of any holder of convertible notes pursuant to the conversion features thereunder), the 2023 Notes, the 2024 Notes and the 2026 Notes, so long as both before and after giving effect to such payment (i) no Event of Default shall exist or be continuing and (ii) the Covered Debt Amount does not exceed the Borrowing Base; and (e) payments or prepayments of Secured Longer-Term Indebtedness, Unsecured Longer-Term Indebtedness or Special Unsecured Indebtedness solely from the proceeds of any issuance of Equity Interests, so long as both before and after giving effect to such payment (i) no Default shall exist or be continuing and (ii) the Covered Debt Amount does not exceed the Borrowing Base.

SECTION 6.13.Accounting Changes. The Borrower will not, nor will it permit any of its Subsidiaries to, make any change in (a) accounting policies or reporting practices, except as permitted under GAAP or required by law or rule or regulation of any Governmental Authority, or (b) its fiscal year.

SECTION 6.14.SBIC Guarantee. The Borrower will not, nor will it permit any of its Subsidiaries to, cause or permit the occurrence of any event or condition that would result in any recourse to any Obligor under any Permitted SBIC Guarantee.

ARTICLE VIIEVENTS OF DEFAULT

If any of the following events (“Events of Default”) shall occur and be continuing:

(a)the Borrower shall (i) fail to pay any principal of any Loan or any reimbursement obligation in respect of any LC Disbursement when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or otherwise or (ii) fail to deposit any amount into the Letter of Credit Collateral Account as required by Section 2.09(a) on the Extended Commitment Termination Date or as required by Section 2.20(b) on the date so required;

(b)the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or under any other Loan Document, when and as the same shall become due and payable, and such failure shall continue unremedied for a period of five (5) or more Business Days;

(c)any representation, warranty or certification made or deemed made by or on behalf of the Borrower or any of its Subsidiaries in or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, or in any report, certificate, financial statement or other document furnished pursuant to or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, shall prove to have been incorrect when made or deemed made in any material respect and such failure shall continue unremedied for a period of ten (10) or more Business Days after the earlier of the Borrower obtaining actual knowledge thereof or receiving notice thereof from the Administrative Agent (given at the request of any Lender);

(d)the Borrower shall fail to observe or perform any covenant, condition or agreement contained in (i) Section 5.03 (with respect to the Borrower’s existence) or Sections 5.08(a) and (b) or in Article VI or any Obligor shall default in the performance of any of its obligations contained in Sections 3 and 7 of the Guarantee and Security Agreement or (ii) Sections 5.01 (d) and (e) or Section 5.02 and such failure shall continue unremedied for a period of five (5) or more days after notice thereof by the Administrative Agent (given at the request of any Lender) to the Borrower;

(e)a Borrowing Base Deficiency shall occur and continue unremedied for a period of five or more Business Days after delivery of a Borrowing Base Certificate demonstrating such Borrowing Base Deficiency pursuant to Section 5.01(e); provided that it shall not be an Event of Default hereunder if the Borrower shall present the Administrative Agent with a reasonably feasible plan acceptable to the Required Lenders in their sole discretion to enable such Borrowing Base Deficiency to be cured within 30 Business Days (which 30-Business Day period shall include the five (5) Business Days permitted for delivery of such plan), so long as such Borrowing Base Deficiency is cured within such 30-Business Day period;

(f)the Borrower or any Obligor, as applicable, shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in clause (a), (b), (d), (e) or (s) of this Article) or any other Loan Document and such failure shall continue unremedied for a period of 30 or more days after notice thereof from the Administrative Agent (given at the request of any Lender) to the Borrower;

(g)the Borrower or any of its Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable, taking into account any applicable grace period;

(h)any event or condition occurs that results in any Material Indebtedness becoming due prior to its scheduled maturity or shall continue unremedied for any applicable period of time sufficient to enable or permit the holder or holders of any Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity (for the avoidance of doubt, other than as permitted under Section 6.12 and that is not a result of a breach, default or other violation or failure in respect of such Material Indebtedness by the Borrower or any of its Subsidiaries after giving effect to any applicable grace period); provided that this clause (h) shall not apply to (1) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness; or (2) convertible debt that becomes due as a result of a conversion or redemption event, other than as a result of an “event of default” (as defined in the documents governing such convertible Material Indebtedness);

(i)an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) or its debts, or of a substantial part of its assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed and unstayed for a period of 60 or more days or an order or decree approving or ordering any of the foregoing shall be entered;

(j)the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (i) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing;

(k)the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

(l)one or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 shall be rendered against the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) or any combination thereof and the same shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any of its Subsidiaries (other than Immaterial Subsidiaries) to enforce any such judgment;

(m)an ERISA Event shall have occurred that, in the opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, would reasonably be expected to result in a Material Adverse Effect;

(n)a Change in Control shall occur;

(o)the Borrower shall cease to be managed by the External Manager or an Affiliate thereof;

(p)if, prior to the Extended Final Maturity Date, both of the principals of the External Manager (who initially will be Alan Waxman and Joshua Easterly) fail to remain actively involved in the investment activities of the Borrower and the other investment vehicles managed by TSSP Management Holdings, L.P. and its Affiliates; provided that the External Manager is permitted at any time to replace any person designated as a “principal” with a senior professional selected by the External Manager so long as such replacement has either been approved by a majority of the Borrower’s independent directors or by a majority of the Borrower’s shareholders;

(q)the Liens created by the Security Documents shall, at any time with respect to Portfolio Investments having an aggregate Value in excess of 5% of the aggregate Value of all Portfolio Investments, not be valid and perfected (to the extent perfection by filing, registration, recordation, possession or control is required herein or therein) in favor of the Collateral Agent, free and clear of all other Liens (other than Liens permitted under Section 6.02 or under the respective Security Documents) except to the extent that any such loss of perfection results from the failure of the Collateral Agent to maintain possession of the certificates representing the securities pledged under the Loan Documents;

(r)except for expiration in accordance with its terms, any of the Loan Documents shall for whatever reason be terminated or cease to be in full force and effect in any material respect, or the enforceability thereof shall be contested by the Borrower or any other Obligor;

(s)the Obligors shall at any time, without the consent of the Required Lenders fail to comply with the covenant contained in Section 5.11, and such failure shall continue unremedied for a period of 30 or more days after the earlier of notice thereof by the Administrative Agent (given at the request of any Lender) to the Borrower or knowledge thereof by a Financial Officer; or

(t)the Borrower or any of its Subsidiaries shall cause or permit the occurrence of any condition or event that would result in any recourse to any Obligor under any Permitted SBIC Guarantee;

then, and in every such event (other than an event with respect to the Borrower described in clause (i) or (j) of this Article), and at any time thereafter during the continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take either or both of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder and under the other Loan Documents, shall become due and payable immediately, without presentment,

demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in clause (i) or (j) of this Article, the Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder and under the other Loan Documents, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.

In the event that the Loans shall be declared, or shall become, due and payable pursuant to the immediately preceding paragraph then, upon notice from the Administrative Agent or Lenders with LC Exposure representing more than 50% of the total LC Exposure demanding the deposit of Cash Collateral pursuant to this paragraph, the Borrower shall immediately deposit into the Letter of Credit Collateral Account cash in an amount equal to the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the obligation to deposit such cash shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in clause (i) or (j) of this Article.

Notwithstanding anything to the contrary contained herein, on the CAM Exchange Date, to the extent not otherwise prohibited by law, (a) the Lenders shall automatically and without further act be deemed to have exchanged interests in the Designated Obligations such that, in lieu of the interests of each Lender in the Designated Obligations under each Loan in which it shall participate as of such date, such Lender shall own an interest equal to such Lender’s CAM Percentage in the Designated Obligations under each of the Loans and (b) simultaneously with the deemed exchange of interests pursuant to clause (a) above, the interests in the Designated Obligations to be received in such deemed exchange shall, automatically and with no further action required, be converted into the Dollar Equivalent of such amount (as of the Business Day immediately prior to the CAM Exchange Date) and on and after such date all amounts accruing and owed to the Lenders in respect of such Designated Obligations shall accrue and be payable in Dollars at the rate otherwise applicable hereunder. Each Lender, each Person acquiring a participation from any Lender as contemplated by Section 9.04 and the Borrower hereby consents and agrees to the CAM Exchange. The Borrower and the Lenders agree from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against delivery of any promissory notes so executed and delivered; provided that the failure of the Borrower to execute or deliver or of any Lender to accept any such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM Exchange. As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of payment).

ARTICLE VIIITHE ADMINISTRATIVE AGENT

SECTION 8.01.Appointment of the Administrative Agent. Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Administrative Agent as its agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. Each of the Lenders and the Issuing Banks hereby irrevocably appoints the Collateral Agent as its agent hereunder and under the other Loan Documents and authorizes the Collateral Agent to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.

SECTION 8.02.Capacity as Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent, and such Person and its Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if it were not the Administrative Agent hereunder.

SECTION 8.03.Limitation of Duties; Exculpation. The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents. Without limiting the generality of the foregoing, (a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise in writing by the Required Lenders, and (c) except as expressly set forth herein and in the other Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the bank serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders or in the absence of its own fraud, gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrative Agent by the Borrower or a Lender, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any condition set forth in Article IV or elsewhere herein or therein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

SECTION 8.04.Reliance. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed or sent by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to be made by the proper Person, and shall not incur any liability for relying thereon. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

SECTION 8.05.Sub-Agents. The Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers through their respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with fraud, gross negligence or willful misconduct in the selection of such sub-agents.

SECTION 8.06.Resignation; Successor Administrative Agent. The Administrative Agent may resign by providing not less than thirty (30) days advance written notice to the Lenders, the Issuing Banks and the Borrower. Upon any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower not to be unreasonably withheld (or, if an Event of Default has occurred and is continuing in consultation with the Borrower), to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent’s resignation shall nonetheless become effective at the end of such thirty (30) day period (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Bank under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and (2) the Required Lenders shall perform the duties of the Administrative Agent (and all payments and communications provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly) until such time as the Required Lenders appoint a successor agent as provided for above in this paragraph. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as provided above in this paragraph). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the Administrative Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall

continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative Agent.

Any resignation by Truist as Administrative Agent pursuant to this Section shall also constitute its resignation as an Issuing Bank and a Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing Bank and Swingline Lender, (b) the retiring Issuing Bank and Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (c) the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to the retiring Issuing Bank to effectively assume the obligations of the retiring Issuing Bank with respect to such Letters of Credit.

SECTION 8.07.Reliance by Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. The Administrative Agent shall have no duty or responsibility, either initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter, and the Administrative Agent shall have no responsibility with respect to the accuracy of or the completeness of any information provided to Lenders.

Each Lender, by delivering its signature page to this Agreement or any Assignment and Assumption and funding any Loan shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be approved by the Administrative Agent, Required Lenders or Lenders.

SECTION 8.08.Modifications to Loan Documents. Except as otherwise provided in Section 2.21 or Section 9.02(b) or (c) of this Agreement or the Security Documents with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided that, without the prior consent of each Lender, the Administrative Agent shall not (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral security, agree to additional obligations being secured by all or substantially all of such collateral security (except in connection with securing additional obligations equally and ratably with the Loans and other obligations hereunder in accordance with the Guarantee and Security Agreement), or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrative Agent

is hereby authorized, (v) to release any Subsidiary Guarantor (and any property of such Subsidiary Guarantor) from its guarantee obligations to the extent it may be released in accordance with Section 10.03(f) of the Guarantee and Security Agreement, (w) to release any Lien covering property that is the subject of either a Disposition of property (including, without limitation, any property subject to a participation or repurchase transaction) permitted hereunder or a Disposition to which the Required Lenders have consented, (x) for the avoidance of doubt, execute and deliver agreements, instruments and other documents reasonably requested by the Borrower to implement collateral sharing with respect to Secured Longer-Term Indebtedness and Secured Shorter-Term Indebtedness, (y) following the (i) cancellation, expiration or termination of any commitment to extend credit or issue Letters of Credit under this Agreement or any other Loan Document, (ii) final payment in full of all principal of and interest on each Loan, any LC Disbursements, any fees and any other amounts then due and owing under this Agreement or any other Loan Document and (iii) termination of this Agreement, to release all Liens and guarantees by Obligors, and (z) to allocate the Liens created under the Security Documents to any Designated Indebtedness Obligations or Hedging Agreement Obligations (as such terms are defined in the Guarantee and Security agreement) in accordance with the Guarantee and Security Agreement.

SECTION 8.09.Erroneous Payments.

(a)If the Administrative Agent notifies a Lender, an Issuing Bank or an Indemnitee, or any Person who has received funds on behalf of a Lender, an Issuing Bank or an Indemnitee (any such Lender, Issuing Bank, Indemnitee or other recipient, a “Payment Recipient”), that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Issuing Bank, Indemnitee or other Payment Recipient on its behalf) (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated (or earmarked) by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and such Lender, Issuing Bank or Indemnitee shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two (2) Business Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error.

(b)Without limiting immediately preceding clause (a), each Lender, Issuing Bank or Indemnitee, or any Person who has received funds on behalf of a Lender, Issuing Bank or Indemnitee, hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the

Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender, Issuing Bank or Indemnitee, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each case:

(i)(A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

(ii)such Lender, Issuing Bank or Indemnitee shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the Administrative Agent pursuant to this Section 8.09(b).

(c)Each Lender, Issuing Bank and Indemnitee hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender, Issuing Bank or Indemnitee under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender, Issuing Bank or Indemnitee from any source, against any amount due to the Administrative Agent under immediately preceding clause (a) or under the indemnification provisions of this Agreement.

(d)In the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or Issuing Bank that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof) on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender or Issuing Bank at any time, (i) such Lender or Issuing Bank shall be deemed to have assigned its Loans (but not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment Impacted Class, the “Erroneous Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to a Platform as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender or Issuing Bank shall deliver any notes evidencing such Loans to the Borrower or the Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender or Issuing

Bank, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender or assigning Issuing Bank shall cease to be a Lender or Issuing Bank, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender or assigning Issuing Bank and (iv) the Administrative Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. So long as any sale of Loans complies with the terms of Section 9.04(b), the Administrative Agent may, in its discretion, sell any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender or Issuing Bank shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims against such Lender or Issuing Bank (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or Issuing Bank and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees that, except to the extent that the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated to all the rights and interests of the applicable Lender, Issuing Bank or Indemnitee under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”).

(e)The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Revolving Credit Exposure or other obligations owed by the Borrower or any other Obligor; providedthat this Section 8.09(e) shall not be interpreted to increase (or accelerate the due date for), or have the effect of increasing (or accelerating the due date for), the obligations of the Borrower or any other Obligor relative to the amount (and/or timing for payment) of the obligations that would have been payable had such Erroneous Payment not been made by the Administrative Agent; provided, further, that for the avoidance of doubt, immediately preceding clause shall not apply to the extent any such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Obligor for the purpose of making such Erroneous Payment.

(f)To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine.

(g)Each party’s obligations, agreements and waivers under this Section 8.09 shall survive the resignation or replacement of the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank,the termination of the Commitments and/or the repayment, satisfaction or discharge of all obligations (or any portion thereof) under any Loan Document.

ARTICLE IXMISCELLANEOUS

SECTION 9.01.Notices; Electronic Communications.

(a)Notices Generally. Except in the case of notices and other communications expressly permitted to be given by telephone or electronic communication, all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by telecopy, as follows:

(i)if to the Borrower, to it at:

Sixth Street Specialty Lending, Inc.
888 Seventh Avenue, 41st Floor
New York, New York 10019
Attention: Ian Simmonds
Telecopy Number: (212) 430-4639
Telephone: (212) 601-4739

(ii)if to the Administrative Agent or Truist, in its capacity as a Swingline Lender, to it at:

Truist Bank
3333 Peachtree Road, 8th Floor
Atlanta, Georgia 30326
Attention: Hays Wood
Telecopy Number: (404) 836-5879

with a copy to:

Truist Bank
303 Peachtree Street, NE, 25th Floor
Atlanta, GA 30308
Attention: Karen Weich
Email:agency.services@truist.com
Telecopy Number: 801-453-4108

(iii)if to Truist, in its capacity as Issuing Bank, to it at:

Truist Bank
303 Peachtree Street, NE, 25th Floor
Atlanta, GA 30308
Attention: Karen Weich
Email:agency.services@truist.com
Telecopy Number: 801-453-4108

(iv)if to JPMorgan Chase Bank, N.A., in its capacity as a Swingline Lender and an Issuing Bank:

JPMorgan Chase Bank, N.A.

Ground floor, 1st to 6th floors, Platina 3, Kodbis, Floor 03

Bengaluru, 560 103, India

Attention: Sneha Machani

Telecopy Number: (201) 244-3885

(v)if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.

Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt. Notices delivered through electronic communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

(b)Electronic Communications. Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices to any Lender or any Issuing Bank pursuant to Section 2.06 if such Lender or such Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications.

(i) Notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement); provided that if such notice or other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

Each party hereto understands that the distribution of material through an electronic medium is not necessarily secure and that there are confidentiality and other risks associated with

such distribution and agrees and assumes the risks associated with such electronic distribution, except to the extent caused by the fraud, willful misconduct or gross negligence of Administrative Agent, any Lender or their respective Related Parties, as determined by a final, non-appealable judgment of a court of competent jurisdiction. The Platform and any electronic communications media approved by the Administrative Agent as provided herein are provided “as is” and “as available”. None of the Administrative Agent or its Related Parties warrant the accuracy, adequacy, or completeness of such media or the Platform and each expressly disclaims liability for errors or omissions in the Platform and such media. No warranty of any kind, express, implied or statutory, including any warranty of merchantability, fitness for a particular purpose, non-infringement of third party rights or freedom from viruses or other code defects is made by the Administrative Agent and any of its Related Parties in connection with the Platform or the electronic communications media approved by the Administrative Agent as provided for herein.

(c)Private Side Information Contacts. Each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable law, including United States federal and state securities laws, to make reference to information that is not made available through the “Public Side Information” portion of the Platform and that may contain Non-Public Information with respect to the Borrower, its Subsidiaries or their Securities for purposes of United States federal or state securities laws. In the event that any Public Lender has determined for itself to not access any information disclosed through the Platform or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such information and (ii) neither Borrower nor Administrative Agent has any responsibility for such Public Lender’s decision to limit the scope of the information it has obtained in connection with this Agreement and the other Loan Documents.

(d)Documents to be Delivered under Sections 5.01 and 5.12(a). For so long as an Intralinks™ or equivalent website is available to each of the Lenders hereunder, the Borrower may satisfy its obligation to deliver documents to the Administrative Agent or the Lenders under Sections 5.01 and 5.12(a) by delivering one hard copy thereof to the Administrative Agent and either an electronic copy or a notice identifying the website where such information is located for posting by the Administrative Agent on Intralinks™ or such equivalent website; provided that the Administrative Agent shall have no responsibility to maintain access to Intralinks™ or an equivalent website.

SECTION 9.02.Waivers; Amendments.

(a)No Deemed Waivers Remedies Cumulative. No failure or delay by the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender in exercising any right or power hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent, the Issuing Banks, the Swingline Lenders and the Lenders hereunder are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific

instance and for the purpose for which given. Without limiting the generality of the foregoing, the making of a Loan, Swingline Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Swingline Lender, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.

(b)Amendments to this Agreement. Except as provided in Section 2.21, neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall:

(i)increase the Commitment of any Lender without the written consent of such Lender,

(ii)reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender affected thereby,

(iii)postpone the scheduled date of payment of the principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without the written consent of each Lender affected thereby,

(iv)change Section 2.17(b), (c) or (d) in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender affected thereby, or

(v)change any of the provisions of this Section or the definition of the term “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the written consent of each Lender affected thereby;

provided further that (x) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Issuing Banks or the Swingline Lenders hereunder without the prior written consent of the Administrative Agent, the Issuing Banks or the Swingline Lenders, as the case may be and (y) the consent of Lenders holding not less than two-thirds of the Revolving Credit Exposure and unused Commitments will be required (A) for any adverse change affecting the provisions of this Agreement relating to the determination of the Borrowing Base (excluding changes to the provisions of Section 5.12(b)(ii)(E) and (F), but including changes to the provisions of Section 5.12(c)(ii) and the definitions set forth in Section 5.13), and (B) for any release of any material portion of the Collateral other than for fair value or as otherwise permitted hereunder or under the other Loan Documents.

Anything in this Agreement to the contrary notwithstanding, no waiver or modification of any provision of this Agreement or any other Loan Document that could reasonably be expected to adversely affect the Lenders of any Class in a manner that does not

affect all Classes equally shall be effective against the Lenders of such Class unless the Required Lenders of such Class shall have concurred with such waiver or modification. Anything in this Agreement to the contrary notwithstanding, this Agreement may be amended by the Borrower with the consent of the Administrative Agent and any Non-Extending Lender (but without the consent of the Required Lenders) for the sole purpose of extending the Commitments of such Non-Extending Lender so that such Non-Extending Lender becomes an Extending Lender hereunder.

(c)Amendments to Security Documents. No Security Document nor any provision thereof may be waived, amended or modified, nor may the Liens thereof be spread to secure any additional obligations (including any increase in Loans hereunder, but excluding any such increase pursuant to a Commitment Increase under Section 2.08(e) to an amount not greater than $2,000,000,000) except pursuant to an agreement or agreements in writing entered into by the Borrower, and by the Collateral Agent with the consent of the Required Lenders; provided that, (i) without the written consent of each Lender, no such agreement shall release all or substantially all of the Obligors from their respective obligations under the Security Documents and (ii) without the written consent of each Lender, no such agreement shall release all or substantially all of the collateral security or otherwise terminate all or substantially all of the Liens under the Security Documents, alter the relative priorities of the obligations entitled to the Liens created under the Security Documents (except in connection with securing additional obligations equally and ratably with the Loans and other obligations hereunder) with respect to all or substantially all of the collateral security provided thereby, or release all or substantially all of the guarantors under the Guarantee and Security Agreement from their guarantee obligations thereunder, except that no such consent shall be required, and the Administrative Agent is hereby authorized (and so agrees with the Borrower) to direct the Collateral Agent under the Guarantee and Security Agreement, (x) to release any Lien covering property (and to release any such guarantor) that is the subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders have consented, (y) to release any Lien and/or guarantee obligation in accordance with the Guarantee and Security Agreement and (z) to release (and to acknowledge the release of) all Liens and guarantees of Obligors upon the termination of this Agreement (including in connection with a complete refinancing).

(d)Replacement of Non-Consenting Lender. If, in connection with any proposed change, waiver, discharge or termination to any of the provisions of this Agreement as contemplated by this Section 9.02, the consent of the Required Lenders shall have been obtained but the consent of one or more Lenders (each a “Non-Consenting Lender”) whose consent is required for such proposed change, waiver, discharge or termination is not obtained, then (so long as no Event of Default has occurred and is continuing) the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.18(b) so long as at the time of such replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

SECTION 9.03.Expenses; Indemnity; Damage Waiver.

(a)Costs and Expenses. The Borrower shall pay (i) all reasonable and documented out-of-pocket costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates, including the reasonable and documented fees, charges and disbursements of counsel for the Administrative Agent and the Collateral Agent, in connection with the syndication of the credit

facilities provided for herein, the preparation and administration of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment, renewal or extension of any Letter of Credit by such Issuing Bank or any demand for payment thereunder, (iii) all documented out-of-pocket expenses incurred by the Administrative Agent, any Issuing Bank, any Swingline Lender or any Lender, including the reasonable and documented fees, charges and disbursements of one outside counsel for the Administrative Agent, each Issuing Bank and each Swingline Lender as well as one outside counsel for the Lenders and additional counsel should any conflict of interest arise, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents, including its rights under this Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such documented out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iv) and all documented costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to therein.

(b)Indemnification by the Borrower. The Borrower shall indemnify the Administrative Agent, each Joint Lead Arranger, each Issuing Bank, each Swingline Lender and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, actions, judgments, suits, costs, expenses and disbursements of any kind or nature whatsoever (including the reasonable and documented out-of-pocket fees and disbursements of one outside counsel for all Indemnitees (and, if reasonably necessary, of one local counsel in any relevant jurisdiction for all Indemnitees) unless, in the reasonable opinion of an Indemnitee, representation of all Indemnitees by such counsel would be inappropriate due to the existence of an actual or potential conflict of interest) in connection with any investigative, administrative or judicial proceeding or hearing commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any fees or expenses incurred by Indemnitees in enforcing this indemnity, whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations and laws, statutes, rules or regulations relating to environmental, occupational safety and health or land use matters), on common law or equitable cause or on contract or otherwise and related expenses or disbursements of any kind (other than Taxes or Other Taxes which shall only be indemnified by the Borrower to the extent provided in Section 2.16), including the fees, charges and disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee arising out of; in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby, (ii) any Loan, Swingline Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by an Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit) or (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and whether brought by the Borrower or a third party and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by a court of competent jurisdiction by final and nonappealable

judgment to have resulted from the fraud, willful misconduct or gross negligence of such Indemnitee or its Related Parties, (B) result from the settlement of any such claim, investigation, litigation or other proceedings described in clause (iii) above unless the Borrower has consented to such settlement (which consent shall not be unreasonably withheld, delayed or conditioned (provided that nothing in this clause (B) shall restrict the right of any person to settle any claim for which it has waived its right of indemnity by the Borrower)) or (C) result from disputes solely among Indemnitees and not involving any act or omission of an Obligor or any of its Affiliates (other than any dispute against the Administrative Agent in its capacity as such). Notwithstanding the foregoing, it is understood and agreed that indemnification for Taxes is subject to the provisions of Section 2.16.

The Borrower shall not be liable to any Indemnitee for any special, indirect, consequential or punitive damages arising out of, in connection with, or as a result of the Transactions asserted by an Indemnitee against the Borrower or any other Obligor; provided that the foregoing limitation shall not be deemed to impair or affect the obligations of the Borrower under the preceding provisions of this subsection.

(c)Reimbursement by Lenders. To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrative Agent, any Issuing Bank or any Swingline Lender under paragraph (a) or (b) of this Section, each Lender severally agrees to pay to the Administrative Agent, the applicable Issuing Bank or the applicable Swingline Lender, as the case may be, such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent, the applicable Issuing Bank or the applicable Swingline Lender in its capacity as such.

(d)Waiver of Consequential Damages, Etc. To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of; this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby, except to the extent caused by the fraud, willful misconduct or gross negligence of such Indemnitee, as determined by a final, non-appealable judgment of a court of competent jurisdiction.

(e)Payments. All amounts due under this Section shall be payable promptly after written demand therefor.

SECTION 9.04.Successors and Assigns.

(a)Assignments Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations hereunder without

the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit) and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

(b)Assignments by Lenders.

(i)Assignments Generally. Subject to the conditions set forth in clause (ii) below, any Lender may assign to one or more assignees (other than natural persons (or a holding company, investments vehicle, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural Person)or any Defaulting Lender) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans and LC Exposure at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of:

(A)the Borrower; provided that no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, or, if any Event of Default has occurred and is continuing, any other assignee; provided, further, that the Borrower shall be deemed to have consented to any such assignment unless it shall have objected thereto by written notice to the Administrative Agent within ten (10) Business Days after having received notice thereof; and

(B)the Administrative Agent and each Issuing Bank: provided that no consent of the Administrative Agent or the Issuing Banks shall be required for an assignment by a Lender to an Affiliate of such Lender.

(ii)Certain Conditions to Assignments. Assignments shall be subject to the following additional conditions:

(A)except in the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans and LC Exposure of a Class, the amount of the Commitment or Loans and LC Exposure of such Class of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent) shall not be less than U.S. $5,000,000 unless each of the Borrower and the Administrative Agent otherwise consent; provided that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing;

(B)each partial assignment of any Class of Commitments or Loans and LC Exposure shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement in respect of such Class of Commitments, Loans and LC Exposure;

(C)the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption in substantially the form of Exhibit A hereto, together with a processing and recordation fee of U.S. $3,500 (which fee shall not be payable in connection with an assignment to a Lender or to an Affiliate of a Lender), for which the Borrower and the Subsidiary Guarantors shall not be obligated;

(D)the assignee, if it shall not already be a Lender of the applicable Class, shall deliver to the Administrative Agent an Administrative Questionnaire; and

(E)the assignee shall deliver to the Borrower and the Administrative Agent those documents specified in Section 2.16(f).

(iii)Effectiveness of Assignments. Subject to acceptance and recording thereof pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 9.03 with respect to facts and circumstances occurring prior to the effective date of such assignment). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (e) of this Section. Notwithstanding anything to the contrary herein, in connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions set forth in Section 9.04(b)(ii) or otherwise, the parties to the assignment shall make such additional payments to Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of Borrower and Administrative Agent, the Applicable Percentage of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to Administrative Agent, each Issuing Bank, each Swingline Lender and each Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full Applicable Percentage of all Loans and participations in Letters of Credit and Swingline Loans. Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

(c)Maintenance of Registers by Administrative Agent. The Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices in New York City a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount (and stated interest) of the Loans and LC Disbursements owing to, each Lender pursuant to the terms hereof from time to time (the “Registers” and each individually, a “Register”). The entries in the Registers shall be conclusive absent manifest error, and the Borrower, the Administrative Agent, the Issuing Banks and the Lenders may treat each Person whose name is recorded in the Registers pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Registers shall be available for inspection by the Borrower, any Issuing Bank and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

(d)Acceptance of Assignments by Administrative Agent. Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

(e)Special Purposes Vehicles. Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”) owned or administered by such Granting Lender, identified as such in writing from time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make; provided that (i) nothing herein shall constitute a commitment to make any Loan by any SPC, (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such Loan, the Granting Lender shall, subject to the terms of this Agreement, make such Loan pursuant to the terms hereof, (iii) the rights of any such SPC shall be derivative of the rights of the Granting Lender, and such SPC shall be subject to all of the restrictions upon the Granting Lender herein contained, and (iv) no SPC shall be entitled to the benefits of Sections 2.14 (or any other increased costs protection provision), 2.15 or 2.16. Each SPC shall be conclusively presumed to have made arrangements with its Granting Lender for the exercise of voting and other rights hereunder in a manner which is acceptable to the SPC, the Administrative Agent, the Lenders and the Borrower, and each of the Administrative Agent, the Lenders and the Obligors shall be entitled to rely upon and deal solely with the Granting Lender with respect to Loans made by or through its SPC. The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by the Granting Lender.

Each party hereto hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding senior indebtedness of any SPC, it will not institute against, or join any other person in instituting against, such SPC, any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings or similar proceedings under the laws of the United States or any State thereof, in respect of claims arising out of this Agreement; provided that the Granting Lender for

each SPC hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage and expense arising out of their inability to institute any such proceeding against its SPC. In addition, notwithstanding anything to the contrary contained in this Section, any SPC may (i) without the prior written consent of the Borrower and the Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to its Granting Lender or to any financial institutions providing liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans (but nothing contained herein shall be construed in derogation of the obligation of the Granting Lender to make Loans hereunder); provided that neither the consent of the SPC or of any such assignee shall be required for amendments or waivers hereunder except for those amendments or waivers for which the consent of participants is required under paragraph (f) below, and (ii) disclose on a confidential basis (in the same manner described in Section 9.13(b)) any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of a surety, guarantee or credit or liquidity enhancement to such SPC.

(f)Participations. Any Lender may, with the consent of the Borrower (such consent not to be unreasonably withheld or delayed), sell participations to one or more banks or other entities (other than natural persons (or a holding company, investments vehicle, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural Person)) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitments and the Loans and LC Disbursements owing to it); provided that (i) the consent of the Borrower shall not be required if such Participant does not have the right to receive any non-public information that may be provided pursuant to this Agreement (and the Lender selling such participation agrees with the Borrower at the time of the sale of such participation that it will not deliver such non-public information to the Participant), (ii) such Lender’s obligations under this Agreement and the other Loan Documents shall remain unchanged, (iii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iv) the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and the other Loan Documents. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (g) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15 and 2.16 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant shall not be entitled to receive any greater payment under Sections 2.14, 2.15 or 2.16, with respect to any participation, than its participating Lenders would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation; provided, further, that no Participant shall be entitled to the benefits of Section 2.16 unless the Borrower is notified of the participation granted to such Participant and such Participant shall have complied with the requirements of Section 2.16 as if such Participant is a Lender. To the extent permitted

by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender; provided such Participant agrees to be subject to Section 2.17(d) as though it were a Lender hereunder. Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest of each Participant’s interest in the loans or other obligations under the Loan Documents) (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any other information relating to a Participant’s interest in any commitments, loans, letters of credit or is other obligations under any Loan Document) to any person except to the extent that such disclosures are necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

(g)Limitations on Rights of Participants. A Participant shall not be entitled to receive any greater payment under Section 2.14, 2.15 or 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless the Borrower is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Borrower, to comply with paragraphs (e) and (f) of Section 2.16 as though it were a Lender and in the case of a Participant claiming exemption for portfolio interest under Section 871(h) or 881(c) of the Code, the applicable Lender shall provide the Borrower with satisfactory evidence that the participation is in registered form and shall permit the Borrower to review such register as reasonably needed for the Borrower to comply with its obligations under applicable laws and regulations.

(h)Certain Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any such pledge or assignment to a Federal Reserve Bank or any other central bank having jurisdiction over such Lender, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any such assignee for such Lender as a party hereto.

(i)No Assignments to the Borrower or Affiliates. Anything in this Section to the contrary notwithstanding, no Lender may assign or participate any interest in any Loan or LC Exposure held by it hereunder to the Borrower or any of its Affiliates or Subsidiaries without the prior consent of each Lender.

SECTION 9.05.Survival. All covenants, agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties

hereto and shall survive the execution and delivery of this Agreement and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or terminated. The provisions of Sections 2.14, 2.15, 2.16 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination, Cash Collateralization or backstop of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof.

SECTION 9.06.Counterparts; Integration; Effectiveness; Electronic Execution.

(a)Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract between and among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart of a signature page to this Agreement by telecopy electronically (e.g. pdf) shall be effective as delivery of a manually executed counterpart of this Agreement.

(b)Electronic Execution of Assignments. The words “execution,” “signed,” “signature,” and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in electronic form, each of which shall be of the same legal effect validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

SECTION 9.07.Severability. Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

SECTION 9.08.Right of Setoff. If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or

special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to Administrative Agent for further application in accordance with the provisions of Sections 2.17(d) and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of Administrative Agent, the Issuing Banks, and the Lenders, and (y) the Defaulting Lender shall provide promptly to Administrative Agent a statement describing in reasonable detail the amounts owing to such Defaulting Lender hereunder as to which it exercised such right of setoff. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

SECTION 9.09.Governing Law; Jurisdiction; Etc.

(a)Governing Law. This Agreement shall be construed in accordance with and governed by the law of the State of New York.

(b)Submission to Jurisdiction. The Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of the Southern District of New York sitting in New York County, and any appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement and any Loan Document, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that the Administrative Agent, any Issuing Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement against the Borrower or its properties in the courts of any jurisdiction.

(c)Waiver of Venue. The Borrower hereby irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection which it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement in any court referred to in paragraph (b) of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

(d)Service of Process. Each party to this Agreement (i) irrevocably consents to service of process in the manner provided for notices in Section 9.01 and (ii) agrees that service as provided in the manner provided for notices in Section 9.01 is sufficient to confer personal jurisdiction over such party in any proceeding in any court and otherwise constitutes effective and

binding service in every respect. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted by law.

SECTION 9.10.WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS. THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

SECTION 9.11.Judgment Currency. This is an international loan transaction in which the specification of Dollars or any Foreign Currency, as the case may be (the “Specified Currency”), and payment in New York City or the country of the Specified Currency, as the case may be (the “Specified Place”), is of the essence, and the Specified Currency shall be the currency of account in all events relating to Loans denominated in the Specified Currency. The payment obligations of the Borrower under this Agreement shall not be discharged or satisfied by an amount paid in another currency or in another place, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on conversion to the Specified Currency and transfer to the Specified Place under normal banking procedures does not yield the amount of the Specified Currency at the Specified Place due hereunder. If for the purpose of obtaining judgment in any court it is necessary to convert a sum due hereunder in the Specified Currency into another currency (the “Second Currency”), the rate of exchange that shall be applied shall be the rate at which in accordance with normal banking procedures the Administrative Agent could purchase the Specified Currency with the Second Currency on the Business Day next preceding the day on which such judgment is rendered. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under any other Loan Document (in this Section called an “Entitled Person”) shall, notwithstanding the rate of exchange actually applied in rendering such judgment be discharged only to the extent that on the Business Day following receipt by such Entitled Person of any sum adjudged to be due hereunder in the Second Currency such Entitled Person may in accordance with normal banking procedures purchase and transfer to the Specified Place the Specified Currency with the amount of the Second Currency so adjudged to be due; and the Borrower hereby, as a separate obligation and notwithstanding any such judgment, agrees to indemnify such Entitled Person against, and to pay such Entitled Person on demand, in the Specified Currency. the amount (if any) by which the sum originally due to such Entitled Person in the Specified Currency hereunder exceeds the amount of the Specified Currency so purchased and transferred.

SECTION 9.12.Headings. Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

SECTION 9.13.Treatment of Certain Information; No Fiduciary Duty; Confidentiality.

(a)Treatment of Certain Information; No Fiduciary Duty; No Conflicts. The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Subsidiaries (in connection with this Agreement or otherwise) by any Lender or by one or more subsidiaries or affiliates of such Lender and the Borrower hereby authorizes each Lender to share any information delivered to such Lender by the Borrower and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Lender to enter into this Agreement, to any such subsidiary or affiliate, it being understood that any such subsidiary or affiliate receiving such information shall be bound by the provisions of paragraph (b) of this Section as if it were a Lender hereunder. Such authorization shall survive the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any provision hereof. Each Lender shall use all information delivered to such Lender by the Borrower and its Subsidiaries pursuant to this Agreement, or in connection with the decision of such Lender to enter into this Agreement, in connection with providing services to the Borrower. The Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this paragraph, the “Lenders”), may have economic interests that conflict with those of the Borrower or any of its Subsidiaries, their stockholders and/or their affiliates. The Borrower, on behalf of itself and each of its Subsidiaries, agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand, and the Borrower or any of its Subsidiaries, its stockholders or its affiliates, on the other. The Borrower and each of its Subsidiaries each acknowledge and agree that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one hand, and the Borrower and its Subsidiaries, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender has assumed an advisory or fiduciary responsibility in favor of the Borrower or any of its Subsidiaries, any of their stockholders or affiliates with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised, is currently advising or will advise the Borrower or any of its Subsidiaries, their stockholders or their affiliates on other matters) or any other obligation to the Borrower or any of its Subsidiaries except the obligations expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of the Borrower or any of its Subsidiaries, their management, stockholders, creditors or any other Person. The Borrower and each of its Subsidiaries each acknowledge and agree that it has consulted its own legal and financial advisors to the extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to such transactions and the process leading thereto. The Borrower and each of its Subsidiaries each agree that it will not claim that any Lender has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to the Borrower or any of its Subsidiaries, in connection with such transaction or the process leading thereto.

(b)Confidentiality. Each of the Administrative Agent, the Lenders, the Swingline Lenders and the Issuing Banks agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the

confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority), (iii) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to (x) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or (y) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations, (vii) with the consent of the Borrower, (viii) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, any Issuing Bank or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower or (ix) on a confidential basis to (x) any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder or (y) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit facilities provided hereunder. In addition, subject to an agreement containing provisions substantially the same as those of this Section 9.13(b), the Administrative Agent and each Lender may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent or any Lender in connection with the administration or servicing of this Agreement, the other Loan Documents and the Commitments.

For purposes of this Section, “Information” means all information received from the Borrower or any of its Subsidiaries relating to the Borrower or any of its Subsidiaries or any of their respective businesses, other than any such information that is available to the Administrative Agent any Lender or any Issuing Bank on a nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries; provided that, in the case of Information received from the Borrower or any of its Subsidiaries after the date hereof; such Information is clearly identified at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

SECTION 9.14.USA PATRIOT Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107‑56 (signed into law October 26, 2001)), it is required to obtain, verify and record information that identifies the Borrower, each other Obligor and each designee of a Letter of Credit, which information includes the name and address of the Borrower, each other Obligor and each designee of a Letter of Credit and other information that will allow such Lender to identify Borrower, each other Obligor and each designee of a Letter of Credit in accordance with said Act.

SECTION 9.15.Effect of Amendment and Restatement of the Existing Credit Agreement. On the Effective Date, the Existing Credit Agreement shall be amended and restated in its entirety. The parties hereto acknowledge and agree that (a) this Agreement and the other

Loan Documents, whether executed and delivered in connection herewith or otherwise, do not constitute a novation or termination of the obligations for principal, interest or fees of the Borrower under the Existing Credit Agreement as in effect immediately prior to the Effective Date and which remain outstanding; and (b) except for any of the Borrower’s obligations under the Existing Credit Agreement which are expressly contemplated to be repaid on the Effective Date and to the extent are in fact so repaid, the obligations of the Borrower under the Existing Credit Agreement (as amended and restated hereby and which are on and after the date hereof subject to the terms herein) are in all respects continuing, and shall continue to be secured as provided in the Security Documents.

SECTION 9.16.[Reserved]

SECTION 9.17.Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Solely to the extent any Lender that is an Affected Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

(a)the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an Affected Financial Institution; and

(b)the effects of any Bail-In Action on any such liability, including, if applicable:

(i)a reduction in full or in part or cancellation of any such liability;

(ii)a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

(iii)the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

SECTION 9.18.Certain ERISA Matters.

(a)Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, each Joint Lead Arranger, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Obligor, that at least one of the following is and will be true:

(i)such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement,

(ii)the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable and the conditions are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

(iii)(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or

(iv)such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

(b)In addition, unless either (1) clause (i) in the immediately preceding paragraph (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with clause (iv) in the immediately preceding paragraph (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, each Joint Lead Arranger, and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Obligor, that none of the Administrative Agent, the Joint Lead Arrangers, or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).

SECTION 9.19.Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Agreements

or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

(a)In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

(b)As used in this Section 9.19, the following terms have the following meanings:

(i)“BHC Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party.

(ii) “Covered Entity” means any of the following:

(A) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b);

(B) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or

(C) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

(iii) “Default Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

(iv) “QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D).

EX-31.1

Exhibit 31.1

CEO CERTIFICATION

I, Joshua Easterly, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of Sixth Street Specialty Lending, Inc.;

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2023	By:	/s/ Joshua Easterly
		Joshua Easterly
		Chief Executive Officer

EX-31.2

Exhibit 31.2

CFO CERTIFICATION

I, Ian Simmonds, certify that:

(1) I have reviewed this quarterly report on Form 10-Q of Sixth Street Specialty Lending, Inc.;

(2) Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

(3) Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

(4) The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; and

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

(5) The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: August 3, 2023	By:	/s/ Ian Simmonds
		Ian Simmonds
		Chief Financial Officer

EX-32

Exhibit 32

Certification of CEO and CFO Pursuant to

18 U.S.C. Section 1350,

as Adopted Pursuant to

Section 906 of the Sarbanes-Oxley Act of 2002

In connection with the quarterly report on Form 10-Q of Sixth Street Specialty Lending, Inc. (the “Company”) for the quarterly period ended June 30, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), Joshua Easterly as Chief Executive Officer of the Company, and Ian Simmonds, as Chief Financial Officer of the Company, each hereby certifies, pursuant to 18 U.S.C. § 1350, as adopted pursuant to § 906 of the Sarbanes-Oxley Act of 2002, that, to such officer’s knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

/s/ Joshua Easterly
Name:	Joshua Easterly
Title:	Chief Executive Officer
Date:	August 3, 2023

/s/ Ian Simmonds
Name:	Ian Simmonds
Title:	Chief Financial Officer
Date:	August 3, 2023

The foregoing certification is being furnished solely pursuant to 18 U.S.C. §1350 and is not being filed as part of the Report or as a separate disclosure document.

XML

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 03, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Trading Symbol	TSLX
Entity Registrant Name	Sixth Street Specialty Lending, Inc.
Entity Central Index Key	0001508655
Current Fiscal Year End Date	--12-31
Document Quarterly Report	true
Document Transition Report	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Shell Company	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity File Number	001-36364
Entity Tax Identification Number	27-3380000
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	2100 McKinney Avenue
Entity Address, Address Line Two	Suite 1500
Entity Address, City or Town	Dallas
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	75201
City Area Code	469
Local Phone Number	621-3001
Entity Common Stock, Shares Outstanding		87,241,231
Title of 12(b) Security	Common Stock, par value $0.01 per share
Security Exchange Name	NYSE

XML

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023		Dec. 31, 2022
Assets
Total investments at fair value	$ 3,088,987		$ 2,787,925
Cash and cash equivalents (restricted cash of $15,115 and $15,437, respectively)	25,855		25,647
Interest receivable	23,239		18,846
Prepaid expenses and other assets	3,088		4,529
Total Assets	3,141,169		2,836,947
Liabilities
Debt (net of deferred financing costs of $20,531 and $17,760, respectively)	1,623,301	[1],[2]	1,441,796	[3],[4]
Management fees payable to affiliate	11,110		10,526
Incentive fees on net investment income payable to affiliate	10,507		10,918
Incentive fees on net capital gains accrued to affiliate	8,570		6,064
Other payables to affiliate	3,546		3,265
Other liabilities	23,606		22,809
Total Liabilities	1,680,640		1,495,378
Commitments and contingencies (Note 8)
Net Assets
Preferred stock, $0.01 par value; 100,000,000 shares authorized; no shares issued and outstanding
Common stock, $0.01 par value; 400,000,000 shares authorized, 87,905,481 and 82,053,537 shares issued, respectively; and 87,241,231 and 81,389,287 shares outstanding, respectively	879		821
Additional paid-in capital	1,395,409		1,294,751
Treasury stock at cost; 664,250 and 664,250 shares held, respectively	(10,459)		(10,459)
Distributable earnings	74,700		56,456
Total Net Assets	1,460,529		1,341,569
Total Liabilities and Net Assets	$ 3,141,169		$ 2,836,947
Net Asset Value Per Share	$ 16.74		$ 16.48
Non-controlled, Non-affiliated Investments
Assets
Total investments at fair value	$ 3,022,333		$ 2,717,170
Controlled, Affiliated Investments
Assets
Total investments at fair value	$ 66,654		$ 70,755

[1] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[2] The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

[3] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[4] The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

XML

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Investments at amortized cost	$ 3,065,359	$ 2,774,726
Restricted cash	15,115	15,437
Deferred financing costs	$ 20,531	$ 17,760
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common shares, par value	$ 0.01	$ 0.01
Common shares, authorized	400,000,000	400,000,000
Common shares, issued	87,905,481	82,053,537
Common shares, outstanding	87,241,231	81,389,287
Treasury stock, shares	664,250	664,250
Non-controlled, Non-affiliated Investments
Investments at amortized cost	$ 2,993,190	$ 2,707,442
Controlled, Affiliated Investments
Investments at amortized cost	$ 72,169	$ 67,284

XML

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income
Total Investment Income	$ 107,605	$ 63,888	$ 204,111	$ 131,316
Expenses
Interest	32,442	11,963	60,928	21,565
Management fees	11,410	9,488	22,143	18,818
Incentive fees on net investment income	10,507	6,724	19,988	14,601
Incentive fees on net capital gains	749	(9,122)	2,506	(7,699)
Professional fees	1,749	1,815	3,505	3,298
Directors’ fees	174	174	357	366
Other general and administrative	1,188	1,286	2,203	2,745
Total expenses	58,219	22,328	111,630	53,694
Management fees waived (Note 3)	(300)	(12)	(556)	(12)
Net Expenses	57,919	22,316	111,074	53,682
Net Investment Income Before Income Taxes	49,686	41,572	93,037	77,634
Income taxes, including excise taxes	902	750	1,316	1,100
Net Investment Income	48,784	40,822	91,721	76,534
Net change in unrealized gains (losses):
Unrealized gains (losses) on investments			10,429	(64,524)
Translation of other assets and liabilities in foreign currencies	(2,000)	7,671	(3,004)	5,872
Interest rate swaps	(57)	(1,650)	174	(4,594)
Total net change in unrealized gains (losses)	2,822	(54,751)	7,599	(63,246)
Realized gains (losses):
Realized gains (losses) on investments			6,436	14,104
Foreign currency transactions	(139)	(19)	286	(32)
Total net realized gains (losses)	1,484	404	6,722	14,072
Total Net Unrealized and Realized Gains (Losses)	4,306	(54,347)	14,321	(49,174)
Increase (Decrease) in Net Assets Resulting from Operations	$ 53,090	$ (13,525)	$ 106,042	$ 27,360
Earnings (Loss) per common share-basic	$ 0.63	$ (0.18)	$ 1.28	$ 0.36
Weighted average shares of common stock outstanding-basic	84,223,032	76,265,661	82,819,734	76,119,681
Earnings per common share-diluted	$ 0.63	$ (0.15)	$ 1.28	$ 0.36
Weighted average shares of common stock outstanding-diluted	84,223,032	81,846,634	82,819,734	81,700,654
Non-controlled, Non-affiliated Investments
Income
Interest from investments	$ 96,221	$ 56,747	$ 184,655	$ 117,907
Paid-in-kind interest income	4,644	3,298	7,647	6,371
Dividend income	797	1,123	1,405	1,358
Other income	4,075	1,589	6,832	3,350
Total Investment Income	105,737	62,757	200,539	128,986
Net change in unrealized gains (losses):
Unrealized gains (losses) on investments	7,662	(56,727)	19,416	(62,348)
Realized gains (losses):
Realized gains (losses) on investments	1,623	423	6,436	431
Non-controlled, Affiliated Investments
Income
Interest from investments				133
Total Investment Income				133
Net change in unrealized gains (losses):
Unrealized gains (losses) on investments				(14,350)
Realized gains (losses):
Realized gains (losses) on investments				13,673
Controlled, Affiliated Investments
Income
Interest from investments	1,867	1,130	3,570	2,195
Other income	1	1	2	2
Total Investment Income	1,868	1,131	3,572	2,197
Net change in unrealized gains (losses):
Unrealized gains (losses) on investments	$ (2,783)	$ (4,045)	$ (8,987)	$ 12,174

XML

Consolidated Schedule of Investments (Unaudited) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands		6 Months Ended		12 Months Ended
		Jun. 30, 2023 USD ($) shares		Dec. 31, 2022 USD ($) shares		Jun. 30, 2023 CAD ($) shares		Jun. 30, 2023 EUR (€) shares		Jun. 30, 2023 GBP (£) shares		Jun. 30, 2023 AUD ($) shares		Dec. 31, 2022 CAD ($) shares		Dec. 31, 2022 EUR (€) shares		Dec. 31, 2022 GBP (£) shares		Dec. 31, 2022 AUD ($) shares		Dec. 31, 2021 USD ($)
Investment at amortized cost		$ 3,065,359,000		$ 2,774,726,000
Total investments at fair value		3,088,987,000		2,787,925,000
Cash collateral		54,799,000
Investment, Identifier [Axis]: Chemicals
Investment at amortized cost	[1],[2],[3]			18,153,000
Total investments at fair value	[1],[2],[3]			$ 19,248,000
Percentage of Net Assets	[1],[2],[3]			1.40%										1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Communications
Investment at amortized cost	[1],[3]			$ 72,747,000
Total investments at fair value	[1],[3]			$ 71,487,000
Percentage of Net Assets	[1],[3]			5.30%										5.30%		5.30%		5.30%		5.30%
Investment, Identifier [Axis]: Communications Celtra Technologies,Inc First lien loan 34,650 par, due 11/2026 Initial Acquisition Date 11/19/2021 Reference Rate and SpreadL+7.00% Interest Rate11.38%
Investment, par	[1],[3],[4],[5]			$ 34,650,000
Investment, due date	[1],[3],[4],[5]			2026-11
Initial Acquisition Date	[1],[3],[4],[5]			Nov. 19, 2021
Reference Rate	[1],[3],[4],[5]			7.00%										7.00%		7.00%		7.00%		7.00%
Interest Rate	[1],[3],[4],[5]			11.38%										11.38%		11.38%		11.38%		11.38%
Investment at amortized cost	[1],[3],[4],[5]			$ 33,764,000
Total investments at fair value	[1],[3],[4],[5]			$ 33,264,000
Percentage of Net Assets	[1],[3],[4],[5]			2.50%										2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Communications Convertible note (4,382 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Investment, par	[1],[3]			$ 4,382,000
Investment, due date	[1],[3]			2028-05
Initial Acquisition Date	[1],[3]			May 12, 2021
Reference Rate	[1],[3]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[3]			6.50%										6.50%		6.50%		6.50%		6.50%
Investment at amortized cost	[1],[3]			$ 4,350,000
Total investments at fair value	[1],[3]			$ 4,240,000
Percentage of Net Assets	[1],[3]			0.30%										0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Communications IntelPeer Holding Inc First-lien loan ($34,677 par, due 12/2024) Initial Acquisition date 12/2/2019,Reference Rate and Spread l + 8.25% Interest Rate 12.63%
Investment, par	[1],[3]			$ 34,677,000
Investment, due date	[1],[3]			2024-12
Initial Acquisition Date	[1],[3]			Dec. 02, 2019
Reference Rate	[1],[3]			8.25%										8.25%		8.25%		8.25%		8.25%
Interest Rate	[1],[3]			12.63%										12.63%		12.63%		12.63%		12.63%
Investment at amortized cost	[1],[3]			$ 34,633,000
Total investments at fair value	[1],[3]			$ 33,983,000
Percentage of Net Assets	[1],[3]			2.50%										2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Controlled Affiliated Investments
Total investments at fair value		66,654,000		$ 70,755,000
Investment, Identifier [Axis]: Controlled Affiliated Investments IRGSE Holding Corp.
Total investments at fair value		66,654,000		70,755,000																		$ 59,779,000
Investment, Identifier [Axis]: Debt Investments
Investment at amortized cost	[1]	2,868,758,000	[6],[7],[8]	2,579,557,000	[3],[9],[10]
Total investments at fair value	[1]	$ 2,880,097,000	[11],[12]	$ 2,568,814,000	[3],[13]
Percentage of Net Assets		196.50%	[8],[14]	188.10%	[1],[3]	196.50%	[8],[14]	196.50%	[8],[14]	196.50%	[8],[14]	196.50%	[8],[14]	188.10%	[1],[3]	188.10%	[1],[3]	188.10%	[1],[3]	188.10%	[1],[3]
Investment, Identifier [Axis]: Debt Investments Automotive
Investment at amortized cost	[6],[7],[8],[14]	$ 70,825,000
Total investments at fair value	[8],[11],[14]	$ 71,622,000
Percentage of Net Assets	[8],[14]	4.90%				4.90%		4.90%		4.90%		4.90%
Investment, Identifier [Axis]: Debt Investments Automotive Bestpass, Inc. First-lien loan ($40,000 par, due 5/2029) Initial Acquisition Date 5/26/2023 Reference Rate and Spread SOFR + 5.75% Interest Rate 10.85%
Investment, par	[8],[14],[15],[16]	$ 40,000,000
Investment, due date	[8],[14],[15],[16]	2029-05
Initial Acquisition Date	[8],[14],[15],[16]	May 26, 2023
Reference Rate	[8],[14],[15],[16]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[14],[15],[16]	10.85%				10.85%		10.85%		10.85%		10.85%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 38,859,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 39,000,000
Percentage of Net Assets	[8],[14],[15],[16]	2.70%				2.70%		2.70%		2.70%		2.70%
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($32,725 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.69%
Investment, par	[8],[14],[16]	$ 32,725,000
Investment, due date	[8],[14],[16]	2027-07
Initial Acquisition Date	[8],[16],[17]	Jul. 08, 2022
Reference Rate	[8],[16],[17]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[16],[17]	11.69%				11.69%		11.69%		11.69%		11.69%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 31,966,000
Total investments at fair value	[8],[11],[14],[16]	$ 32,622,000
Percentage of Net Assets	[8],[14],[16]	2.20%				2.20%		2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($33,575 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 10.92%
Investment, par	[1],[3],[5]			$ 33,575,000
Investment, due date	[1],[3],[5]			2027-07
Initial Acquisition Date	[1],[3],[5]			Jul. 08, 2022
Reference Rate	[1],[3],[5]			6.60%										6.60%		6.60%		6.60%		6.60%
Interest Rate	[1],[3],[5]			10.92%										10.92%		10.92%		10.92%		10.92%
Investment at amortized cost	[1],[3],[5]			$ 32,739,000
Total investments at fair value	[1],[3],[5]			$ 33,049,000
Percentage of Net Assets	[1],[3],[5]			2.50%										2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Debt Investments Business Services
Investment at amortized cost	[8],[14]	$ 461,511,000	[6],[7]	$ 381,976,000	[1],[3],[16]
Total investments at fair value	[8],[14],[16]	$ 468,194,000		$ 383,243,000	[1],[3]
Percentage of Net Assets	[8],[14]	31.90%		28.50%	[1],[3],[16]	31.90%		31.90%		31.90%		31.90%		28.50%	[1],[3],[16]	28.50%	[1],[3],[16]	28.50%	[1],[3],[16]	28.50%	[1],[3],[16]
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 10.02%
Investment, par	[8],[14],[15],[16],[18]					$ 57,353
Investment, due date	[8],[14],[15],[16],[18]	2025-10
Initial Acquisition Date	[8],[14],[15],[16],[18]	Jul. 06, 2018
Reference Rate	[8],[14],[15],[16],[18]	4.75%				4.75%		4.75%		4.75%		4.75%
Interest Rate	[8],[14],[15],[16],[18]	10.02%				10.02%		10.02%		10.02%		10.02%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 43,306,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 43,559,000				$ 57,640
Percentage of Net Assets	[8],[14],[15],[16],[18]	2.90%				2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 9.49%
Investment, par	[1],[2],[3],[4],[5]													$ 57,353
Investment, due date	[1],[2],[3],[4],[5]			2025-10
Initial Acquisition Date	[1],[2],[3],[4],[5]			Jul. 06, 2018
Reference Rate	[1],[2],[3],[4],[5]			4.75%										4.75%		4.75%		4.75%		4.75%
Interest Rate	[1],[2],[3],[4],[5]			9.49%										9.49%		9.49%		9.49%		9.49%
Investment at amortized cost	[1],[2],[3],[4],[5]			$ 43,241,000
Total investments at fair value	[1],[2],[3],[4],[5]			$ 42,540,000										$ 57,640
Percentage of Net Assets	[1],[2],[3],[4],[5]			3.20%										3.20%		3.20%		3.20%		3.20%
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,720 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.63% Interest Rate 12.21%
Investment, par	[1],[3],[4],[5]			$ 68,720,000
Investment, due date	[1],[3],[4],[5]			2025-08
Initial Acquisition Date	[1],[3],[4],[5]			Aug. 15, 2019
Reference Rate	[1],[3],[4],[5]			7.63%										7.63%		7.63%		7.63%		7.63%
Interest Rate	[1],[3],[4],[5]			12.21%										12.21%		12.21%		12.21%		12.21%
Investment at amortized cost	[1],[3],[4],[5]			$ 67,831,000
Total investments at fair value	[1],[3],[4],[5]			$ 69,242,000
Percentage of Net Assets	[1],[3],[4],[5]			5.20%										5.20%		5.20%		5.20%		5.20%
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,802 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.99%
Investment, par	[8],[14],[15],[16]	$ (68,802,000)
Investment, due date	[8],[14],[15],[16]	2025-08
Initial Acquisition Date	[8],[14],[15],[16]	Aug. 15, 2019
Reference Rate	[8],[14],[15],[16]	7.65%				7.65%		7.65%		7.65%		7.65%
Interest Rate	[8],[14],[15],[16]	12.99%				12.99%		12.99%		12.99%		12.99%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 68,053,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 69,671,000
Percentage of Net Assets	[8],[14],[15],[16]	4.80%				4.80%		4.80%		4.80%		4.80%
Investment, Identifier [Axis]: Debt Investments Business Services BCTO Ignition Purchaser, Inc. First-lien holdco loan ($30,000 par, due 10/2030) Initial Acquisition Date 4/18/2023 Reference Rate and Spread SOFR + 9.00% Interest Rate 13.98% PIK
Investment, par	[8],[14],[16]	$ 30,000,000
Investment, due date	[8],[14],[16]	2030-10
Initial Acquisition Date	[8],[14],[16]	Apr. 18, 2023
Reference Rate	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Interest Rate, PIK	[8],[14],[16]	13.98%				13.98%		13.98%		13.98%		13.98%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 29,124,000
Total investments at fair value	[8],[11],[14],[16]	$ 29,325,000
Percentage of Net Assets	[8],[14],[16]	2.00%				2.00%		2.00%		2.00%		2.00%
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 34,220 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 10.69%
Investment, par	[1],[2],[3],[5]													$ 34,220
Investment, due date	[1],[2],[3],[5]			2027-12
Initial Acquisition Date	[1],[2],[3],[5]			Dec. 03, 2021
Reference Rate	[1],[2],[3],[5]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[1],[2],[3],[5]			10.69%										10.69%		10.69%		10.69%		10.69%
Investment at amortized cost	[1],[2],[3],[5]			$ 25,076,000
Total investments at fair value	[1],[2],[3],[5]			$ 24,113,000										$ 32,672
Percentage of Net Assets	[1],[2],[3],[5]			1.80%										1.80%		1.80%		1.80%		1.80%
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 37,343 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.15%
Investment, par	[8],[14],[16],[18]					$ 37,343
Investment, due date	[8],[14],[16],[18]	2027-12
Initial Acquisition Date	[8],[14],[16],[18]	Dec. 03, 2021
Reference Rate	[8],[14],[16],[18]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[14],[16],[18]	11.15%				11.15%		11.15%		11.15%		11.15%
Investment at amortized cost	[6],[7],[16],[18]	$ 28,447,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 28,523,000				$ 37,743
Percentage of Net Assets	[8],[14],[16],[18]	2.00%				2.00%		2.00%		2.00%		2.00%
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,448 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread P + 6.75% Interest Rate 11.20%
Investment, par	[1],[2],[3],[5]													$ 1,448
Investment, due date	[1],[2],[3],[5]			2026-12
Initial Acquisition Date	[1],[2],[3],[5]			Dec. 03, 2021
Reference Rate	[1],[2],[3],[5]			6.75%										6.75%		6.75%		6.75%		6.75%
Interest Rate	[1],[2],[3],[5]			11.20%										11.20%		11.20%		11.20%		11.20%
Investment at amortized cost	[1],[2],[3],[5]			$ 1,095,000
Total investments at fair value	[1],[2],[3],[5]			$ 1,069,000										$ 1,448
Percentage of Net Assets	[1],[2],[3],[5]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,992 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.09%
Investment, par	[8],[14],[16],[18]					$ 1,992
Investment, due date	[8],[14],[16],[18]	2026-12
Initial Acquisition Date	[8],[14],[16],[18]	Dec. 03, 2021
Reference Rate	[8],[14],[16],[18]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[14],[16],[18]	11.09%				11.09%		11.09%		11.09%		11.09%
Investment at amortized cost	[6],[7],[16],[18]	$ 1,418,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,505,000				$ 1,992
Percentage of Net Assets	[8],[14],[16],[18]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Business Services Erling Lux Bidco SARL. First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 8.73%
Percentage of Net Assets	[1],[2],[3]			0.50%										0.50%		0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Debt Investments Business Services Erling Lux Bidco SARL. GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Percentage of Net Assets	[1],[2],[3]			0.90%										0.90%		0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($57,950 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread L + 7.50% Interest Rate 12.23%
Investment, par	[1],[3],[4],[5]			$ 57,950,000
Investment, due date	[1],[3],[4],[5]			2027-07
Initial Acquisition Date	[1],[3],[4],[5]			Jul. 22, 2021
Reference Rate	[1],[3],[4],[5]			7.50%										7.50%		7.50%		7.50%		7.50%
Interest Rate	[1],[3],[4],[5]			12.23%										12.23%		12.23%		12.23%		12.23%
Investment at amortized cost	[1],[3],[4],[5]			$ 56,812,000
Total investments at fair value	[1],[3],[4],[5]			$ 56,791,000
Percentage of Net Assets	[1],[3],[4],[5]			4.20%										4.20%		4.20%		4.20%		4.20%
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($62,163 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.70%
Investment, par	[8],[14],[15],[16]	$ 62,163,000
Investment, due date	[8],[14],[15],[16]	2027-07
Initial Acquisition Date	[8],[14],[15],[16]	Jul. 22, 2021
Reference Rate	[8],[14],[15],[16]	7.60%				7.60%		7.60%		7.60%		7.60%
Interest Rate	[8],[14],[15],[16]	12.70%				12.70%		12.70%		12.70%		12.70%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 61,107,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 61,231,000
Percentage of Net Assets	[8],[14],[15],[16]	4.20%				4.20%		4.20%		4.20%		4.20%
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,606 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 13.72% (incl. 9.00% PIK)
Investment, par	[1],[3],[5]			$ 2,606,000
Investment, due date	[1],[3],[5]			2026-08
Initial Acquisition Date	[1],[3],[5]			Jul. 01, 2022
Reference Rate	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Interest Rate	[1],[3],[5]			13.72%										13.72%		13.72%		13.72%		13.72%
Interest Rate, PIK	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[1],[3],[5]			$ 2,533,000
Total investments at fair value	[1],[3],[5]			$ 2,489,000
Percentage of Net Assets	[1],[3],[5]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,726 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 14.54% (incl. 9.00% PIK)
Investment, par	[8],[14],[16]	$ 2,726,000
Investment, due date	[8],[14],[16]	2026-08
Initial Acquisition Date	[8],[14],[16]	Jul. 01, 2022
Reference Rate	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Interest Rate	[8],[14],[16]	14.54%				14.54%		14.54%		14.54%		14.54%
Interest Rate, PIK	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 2,668,000
Total investments at fair value	[8],[11],[14],[16]	$ 2,726,000
Percentage of Net Assets	[8],[14],[16]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,502 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 14.23% (incl. 9.50% PIK)
Investment, par	[1],[3],[5]			$ 6,502,000
Investment, due date	[1],[3],[5]			2026-08
Initial Acquisition Date	[1],[3],[5]			Aug. 17, 2020
Reference Rate	[1],[3],[5]			9.50%										9.50%		9.50%		9.50%		9.50%
Interest Rate	[1],[3],[5]			14.23%										14.23%		14.23%		14.23%		14.23%
Interest Rate, PIK	[1],[3],[5]			9.50%										9.50%		9.50%		9.50%		9.50%
Investment at amortized cost	[1],[3],[5]			$ 6,412,000
Total investments at fair value	[1],[3],[5]			$ 6,421,000
Percentage of Net Assets	[1],[3],[5]			0.50%										0.50%		0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,818 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 15.04% (incl. 9.50% PIK)
Investment, par	[8],[14],[16]	$ 6,818,000
Investment, due date	[8],[14],[16]	2026-08
Initial Acquisition Date	[8],[14],[16]	Aug. 17, 2020
Reference Rate	[8],[14],[16]	9.50%				9.50%		9.50%		9.50%		9.50%
Interest Rate	[8],[14],[16]	15.04%				15.04%		15.04%		15.04%		15.04%
Interest Rate, PIK	[8],[14],[16]	9.50%				9.50%		9.50%		9.50%		9.50%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 6,738,000
Total investments at fair value	[8],[11],[14],[16]	$ 6,869,000
Percentage of Net Assets	[8],[14],[16]	0.40%				0.40%		0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien loan ($64,904 par, due 5/2030) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[8],[14],[16]	$ 64,904,000
Investment, due date	[8],[14],[16]	2030-05
Initial Acquisition Date	[8],[14],[16]	May 03, 2023
Reference Rate	[8],[14],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16]	12.34%				12.34%		12.34%		12.34%		12.34%
Investment at amortized cost	[7],[8],[14],[16]	$ 62,985,000
Total investments at fair value	[8],[14],[16],[19]	$ 63,768,000
Percentage of Net Assets	[8],[14],[16]	4.30%				4.30%		4.30%		4.30%		4.30%
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien revolving loan ($4,471 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[8],[14],[16],[17]	$ 4,471,000
Investment, due date	[8],[14],[16],[17]	2029-05
Initial Acquisition Date	[8],[14],[16],[17]	May 03, 2023
Reference Rate	[8],[14],[16],[17]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16],[17]	12.34%				12.34%		12.34%		12.34%		12.34%
Investment at amortized cost	[7],[8],[14],[16],[17]	$ 4,176,000
Total investments at fair value	[8],[14],[16],[17],[19]	$ 4,294,000
Percentage of Net Assets	[8],[14],[16],[17]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,150 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 8.26%
Investment, par | €	[1],[2],[3],[5]															€ 3,150
Investment, due date	[1],[2],[3],[5]			2029-11
Initial Acquisition Date	[1],[2],[3],[5]			Nov. 14, 2022
Reference Rate	[1],[2],[3],[5]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[2],[3],[5]			8.26%										8.26%		8.26%		8.26%		8.26%
Investment at amortized cost	[1],[2],[3],[5]			$ 3,140,000
Total investments at fair value	[1],[2],[3],[5]			$ 3,213,000												€ 3,011
Percentage of Net Assets	[1],[2],[3],[5]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,437 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 9.82%
Investment, par | €	[8],[14],[16],[18]							€ 3,437
Investment, due date	[8],[14],[16],[18]	2029-11
Initial Acquisition Date	[8],[14],[16],[18]	Nov. 14, 2022
Reference Rate	[8],[14],[16],[18]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[16],[18]	9.82%				9.82%		9.82%		9.82%		9.82%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 3,147,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 3,409,000						€ 3,125
Percentage of Net Assets	[8],[14],[16],[18]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,730 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.86%
Investment, par	[8],[14],[15],[16]	$ 17,730,000
Investment, due date	[8],[14],[15],[16]	2026-12
Initial Acquisition Date	[8],[14],[15],[16]	Dec. 20, 2021
Reference Rate	[8],[14],[15],[16]	6.65%				6.65%		6.65%		6.65%		6.65%
Interest Rate	[8],[14],[15],[16]	11.86%				11.86%		11.86%		11.86%		11.86%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 17,385,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 17,597,000
Percentage of Net Assets	[8],[14],[15],[16]	1.20%				1.20%		1.20%		1.20%		1.20%
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,820 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.16%
Investment, par	[1],[3],[4],[5]			$ 17,820,000
Investment, due date	[1],[3],[4],[5]			2026-12
Initial Acquisition Date	[1],[3],[4],[5]			Dec. 20, 2021
Reference Rate	[1],[3],[4],[5]			6.65%										6.65%		6.65%		6.65%		6.65%
Interest Rate	[1],[3],[4],[5]			11.16%										11.16%		11.16%		11.16%		11.16%
Investment at amortized cost	[1],[3],[4],[5]			$ 17,433,000
Total investments at fair value	[1],[3],[4],[5]			$ 17,375,000
Percentage of Net Assets	[1],[3],[4],[5]			1.30%										1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($331 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 9.90%
Investment, par	[8],[11],[14],[16],[17]	$ 331,000
Investment, due date	[8],[11],[14],[16],[17]	2029-05
Initial Acquisition Date	[8],[11],[14],[16],[17]	May 02, 2022
Reference Rate	[8],[11],[14],[16],[17]	4.85%				4.85%		4.85%		4.85%		4.85%
Interest Rate	[8],[11],[14],[16],[17]	9.90%				9.90%		9.90%		9.90%		9.90%
Investment at amortized cost	[6],[7],[8],[11],[14],[16]	$ 331,000
Total investments at fair value	[8],[11],[14],[16]	$ 320,000
Percentage of Net Assets	[8],[11],[14],[16]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($333 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 8.94%
Investment, par	[1],[3],[5],[20]			$ 333,000
Investment, due date	[1],[3],[5],[20]			2029-05
Initial Acquisition Date	[1],[3],[5],[20]			May 02, 2022
Reference Rate	[1],[3],[5],[20]			4.85%										4.85%		4.85%		4.85%		4.85%
Interest Rate	[1],[3],[5],[20]			8.94%										8.94%		8.94%		8.94%		8.94%
Investment at amortized cost	[1],[3],[5],[20]			$ 333,000
Total investments at fair value	[1],[3],[5],[20]			$ 311,000
Percentage of Net Assets	[1],[3],[5],[20]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,119 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 9.70%
Investment, par	[1],[3],[5]			$ 36,119,000
Investment, due date	[1],[3],[5]			2029-06
Initial Acquisition Date	[1],[3],[5]			Jun. 09, 2022
Reference Rate	[1],[3],[5]			5.00%										5.00%		5.00%		5.00%		5.00%
Interest Rate	[1],[3],[5]			9.70%										9.70%		9.70%		9.70%		9.70%
Investment at amortized cost	[1],[3],[5]			$ 35,515,000
Total investments at fair value	[1],[3],[5]			$ 35,119,000
Percentage of Net Assets	[1],[3],[5]			2.60%										2.60%		2.60%		2.60%		2.60%
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,425 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.30%
Investment, par	[8],[14],[16],[17]	$ 36,425,000
Investment, due date	[8],[14],[16],[17]	2029-06
Initial Acquisition Date	[8],[14],[16],[17]	Jun. 09, 2022
Reference Rate	[8],[14],[16],[17]	5.00%				5.00%		5.00%		5.00%		5.00%
Interest Rate	[8],[14],[16],[17]	10.30%				10.30%		10.30%		10.30%		10.30%
Investment at amortized cost	[6],[7],[8],[14],[16],[17]	$ 35,903,000
Total investments at fair value	[8],[11],[14],[16],[17]	$ 36,190,000
Percentage of Net Assets	[8],[14],[16],[17]	2.50%				2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien revolving loan ($718 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.24%
Investment, par	[8],[14],[16]	$ 718,000
Investment, due date	[8],[14],[16]	2029-06
Initial Acquisition Date	[8],[14],[16]	Jun. 09, 2022
Reference Rate	[8],[14],[16]	5.00%				5.00%		5.00%		5.00%		5.00%
Interest Rate	[8],[14],[16]	10.24%				10.24%		10.24%		10.24%		10.24%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 681,000
Total investments at fair value	[8],[11],[14],[16]	$ 703,000
Percentage of Net Assets	[8],[14],[16]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,004 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 7.74%
Investment, par | €	[1],[2],[3],[4],[5]															€ 3,004
Investment, due date	[1],[2],[3],[4],[5]			2028-12
Initial Acquisition Date	[1],[2],[3],[4],[5]			Dec. 08, 2022
Reference Rate	[1],[2],[3],[4],[5]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[1],[2],[3],[4],[5]			7.74%										7.74%		7.74%		7.74%		7.74%
Investment at amortized cost	[1],[2],[3],[4],[5]			$ 3,060,000
Total investments at fair value	[1],[2],[3],[4],[5]			$ 3,112,000												€ 2,916
Percentage of Net Assets	[1],[2],[3],[4],[5]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,277 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 9.35%
Investment, par | €	[8],[14],[15],[16],[18]							€ 3,277
Investment, due date	[8],[14],[15],[16],[18]	2028-12
Initial Acquisition Date	[8],[14],[15],[16],[18]	Dec. 08, 2022
Reference Rate	[8],[14],[15],[16],[18]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[14],[15],[16],[18]	9.35%				9.35%		9.35%		9.35%		9.35%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 3,075,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 3,263,000						€ 2,991
Percentage of Net Assets	[8],[14],[15],[16],[18]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($63,477 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[1],[3],[4],[5]			$ 63,477,000
Investment, due date	[1],[3],[4],[5]			2026-10
Initial Acquisition Date	[1],[3],[4],[5]			Oct. 08, 2020
Reference Rate	[1],[3],[4],[5]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[1],[3],[4],[5]			11.83%										11.83%		11.83%		11.83%		11.83%
Investment at amortized cost	[1],[3],[4],[5]			$ 62,411,000
Total investments at fair value	[1],[3],[4],[5]			$ 63,477,000
Percentage of Net Assets	[1],[3],[4],[5]			4.70%										4.70%		4.70%		4.70%		4.70%
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($72,258 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.10%
Investment, par	[8],[14],[15],[16]	$ 72,258,000
Investment, due date	[8],[14],[15],[16]	2026-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 08, 2020
Reference Rate	[8],[14],[15],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[15],[16]	12.10%				12.10%		12.10%		12.10%		12.10%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 71,241,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 72,800,000
Percentage of Net Assets	[8],[14],[15],[16]	5.00%				5.00%		5.00%		5.00%		5.00%
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.19%
Investment, par	[1],[3],[20]			$ 12,000,000
Investment, due date	[1],[3],[20]			2029-03
Initial Acquisition Date	[1],[3],[20]			Sep. 20, 2022
Reference Rate	[1],[3],[20]			4.60%										4.60%		4.60%		4.60%		4.60%
Interest Rate	[1],[3],[20]			9.19%										9.19%		9.19%		9.19%		9.19%
Investment at amortized cost	[1],[3],[20]			$ 10,947,000
Total investments at fair value	[1],[3],[20]			$ 10,680,000
Percentage of Net Assets	[1],[3],[20]			0.80%										0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.82%
Investment, par	[8],[14],[16],[19],[20]	$ 12,000,000
Investment, due date	[8],[14],[16],[19],[21]	2029-03
Initial Acquisition Date	[8],[14],[16],[19],[20]	Sep. 20, 2022
Reference Rate	[8],[14],[16],[19],[20]	4.60%				4.60%		4.60%		4.60%		4.60%
Interest Rate	[8],[14],[16],[19],[20]	9.84%				9.84%		9.84%		9.84%		9.84%
Investment at amortized cost	[7],[8],[14],[16],[19]	$ 10,980,000
Total investments at fair value	[8],[14],[16],[19]	$ 11,182,000
Percentage of Net Assets	[8],[11],[14]	0.80%				0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($12,645 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Investment, par	[8],[14],[16]	$ 12,645,000
Investment, due date	[8],[14],[16]	2029-03
Initial Acquisition Date	[8],[14],[16]	Sep. 20, 2022
Reference Rate	[8],[14],[16]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[16]	6.50%				6.50%		6.50%		6.50%		6.50%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 10,746,000
Total investments at fair value	[8],[14],[16]	$ 11,259,000
Percentage of Net Assets	[8],[14],[16]	0.80%				0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($13,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Investment, par	[1],[3],[20]			$ 13,000,000
Investment, due date	[1],[3],[20]			2029-03
Initial Acquisition Date	[1],[3],[20]			Sep. 20, 2022
Reference Rate	[1],[3],[20]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[3],[20]			6.50%										6.50%		6.50%		6.50%		6.50%
Investment at amortized cost	[1],[3],[20]			$ 10,924,000
Total investments at fair value	[1],[3],[20]			$ 10,944,000
Percentage of Net Assets	[1],[3],[20]			0.80%										0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Business Services WideOrbit, Inc. First-lien loan ($35,548 par, due 7/2025) Initial Acquisition Date 7/8/2020 Reference Rate and Spread L + 8.50% Interest Rate 12.88%
Investment, par	[1],[3],[5]			$ 35,548,000
Investment, due date	[1],[3],[5]			2025-07
Initial Acquisition Date	[1],[3],[5]			Jul. 08, 2020
Reference Rate	[1],[3],[5]			8.50%										8.50%		8.50%		8.50%		8.50%
Interest Rate	[1],[3],[5]			12.88%										12.88%		12.88%		12.88%		12.88%
Investment at amortized cost	[1],[3],[5]			$ 35,213,000
Total investments at fair value	[1],[3],[5]			$ 36,347,000
Percentage of Net Assets	[1],[3],[5]			2.70%										2.70%		2.70%		2.70%		2.70%
Investment, Identifier [Axis]: Debt Investments Chemicals
Investment at amortized cost	[6],[7],[8],[14]	$ 18,175,000
Total investments at fair value	[8],[11],[14]	$ 20,622,000
Percentage of Net Assets	[8],[14]	1.40%				1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL (First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 8.73%
Initial Acquisition Date	[1],[2],[3]			Sep. 06, 2022
Reference Rate	[1],[2],[3]			6.75%										6.75%		6.75%		6.75%		6.75%
Investment at amortized cost	[1],[2],[3]			$ 6,908,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL (First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Reference Rate	[1],[2],[3]			6.75%										6.75%		6.75%		6.75%		6.75%
Investment at amortized cost	[1],[2],[3]			$ 11,245,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 10.12%
Investment, par | €	[8],[14],[16],[18]							€ 7,239
Investment, due date	[8],[14],[16],[18]	2028-09
Initial Acquisition Date	[8],[14],[16],[18]	Sep. 06, 2022
Reference Rate	[8],[14],[16],[18]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[16],[18]	10.12%				10.12%		10.12%		10.12%		10.12%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 6,910,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 7,762,000						€ 7,114
Percentage of Net Assets	[8],[14],[16],[18]	0.50%				0.50%		0.50%		0.50%		0.50%
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 11.68%
Investment, par | £	[8],[14],[16],[18]									£ 10,217
Investment, due date	[8],[14],[16],[18]	2028-09
Initial Acquisition Date	[8],[14],[16],[18]	Sep. 06, 2022
Reference Rate	[8],[14],[16],[18]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[16],[18]	11.68%				11.68%		11.68%		11.68%		11.68%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 11,265,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 12,860,000								£ 10,115
Percentage of Net Assets	[8],[14],[16],[18]	0.90%				0.90%		0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 8.73%
Investment, par	[1],[2],[3]			$ 7,239,000
Investment, due date	[1],[2],[3]			2028-09
Interest Rate	[1],[2],[3]			8.73%										8.73%		8.73%		8.73%		8.73%
Total investments at fair value	[1],[2],[3]			$ 7,326,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Investment, par	[1],[2],[3]			10,217,000
Total investments at fair value	[1],[2],[3]			$ 11,922,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Investment, due date	[1],[2],[3]			2028-09
Initial Acquisition Date	[1],[2],[3]			Sep. 06, 2022
Interest Rate	[1],[2],[3]			10.20%										10.20%		10.20%		10.20%		10.20%
Investment, Identifier [Axis]: Debt Investments Communications
Investment at amortized cost	[6],[7],[8],[14]	$ 91,160,000
Total investments at fair value	[8],[11],[14]	$ 91,383,000
Percentage of Net Assets	[8],[14]	6.20%				6.20%		6.20%		6.20%		6.20%
Investment, Identifier [Axis]: Debt Investments Communications Banyan Software Holdings, LLC First-lien loan ($19,900 par, due 10/2026) Initial Acquisition Date 1/27/2023 Reference Rate and Spread SOFR + 7.35% Interest Rate 12.45%
Investment, par	[8],[14],[16],[18]	$ 19,900,000
Investment, due date	[8],[14],[16],[18]	2026-10
Initial Acquisition Date	[8],[14],[16],[18]	Jan. 27, 2023
Reference Rate	[8],[14],[16],[18]	7.35%				7.35%		7.35%		7.35%		7.35%
Interest Rate	[8],[14],[16],[18]	12.45%				12.45%		12.45%		12.45%		12.45%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 18,795,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 19,302,000
Percentage of Net Assets	[8],[14],[16],[18]	1.30%				1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Communications Celtra Technologies, Inc. First-lien loan ($34,475 par, due 11/2026) Initial Acquisition Date 11/19/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[8],[14],[15],[16]	$ 34,475,000
Investment, due date	[8],[14],[15],[16]	2026-11
Initial Acquisition Date	[8],[14],[15],[16]	Nov. 19, 2021
Reference Rate	[8],[14],[15],[16]	7.10%				7.10%		7.10%		7.10%		7.10%
Interest Rate	[8],[14],[15],[16]	12.20%				12.20%		12.20%		12.20%		12.20%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 33,687,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 33,786,000
Percentage of Net Assets	[8],[14],[15],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. Convertible note ($4,536 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Investment, par	[8],[14]	$ 4,536,000
Investment, due date	[8],[14]	2028-05
Initial Acquisition Date	[8],[14]	May 12, 2021
Reference Rate	[8],[14]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate, PIK	[8],[14]	6.50%				6.50%		6.50%		6.50%		6.50%
Investment at amortized cost	[6],[7],[8],[14]	$ 4,506,000
Total investments at fair value	[8],[11],[14]	$ 4,604,000
Percentage of Net Assets	[8],[14]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. First-lien loan ($34,204 par, due 12/2024) (3) Initial Acquisition Date 12/2/2019 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Investment, par	[8],[14],[15],[16]	$ 34,204,000
Investment, due date	[8],[14],[15],[16]	2024-12
Reference Rate	[8],[14],[15],[16]	8.40%				8.40%		8.40%		8.40%		8.40%
Interest Rate	[8],[14],[15],[16]	13.64%				13.64%		13.64%		13.64%		13.64%
Investment at amortized cost	[6],[7],[8],[14]	$ 34,172,000
Total investments at fair value	[8],[11],[14]	$ 33,691,000
Percentage of Net Assets	[8],[14],[15],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. First-lien loan ($34,484 par, due 12/2024) (3) Initial Acquisition Date 12/2/2019 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Initial Acquisition Date	[8],[14],[15],[16]	Dec. 02, 2019
Investment, Identifier [Axis]: Debt Investments Education
Investment at amortized cost	[6],[7],[8],[14]	$ 162,265,000
Total investments at fair value	[8],[11],[14]	$ 152,905,000
Percentage of Net Assets	[8],[14]	10.40%				10.40%		10.40%		10.40%		10.40%
Investment, Identifier [Axis]: Debt Investments Education Astra Acquisition Corp. Second-lien loan ($43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread SOFR + 8.99% Interest Rate 14.09%
Investment, par	[8],[14],[16]	$ 43,479,000
Investment, due date	[8],[14],[16]	2029-10
Initial Acquisition Date	[8],[14],[16]	Oct. 25, 2021
Reference Rate	[8],[14],[16]	8.99%				8.99%		8.99%		8.99%		8.99%
Interest Rate	[8],[14],[16]	14.09%				14.09%		14.09%		14.09%		14.09%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 42,778,000
Total investments at fair value	[8],[11],[14],[16]	$ 34,566,000
Percentage of Net Assets	[8],[14],[16]	2.40%				2.40%		2.40%		2.40%		2.40%
Investment, Identifier [Axis]: Debt Investments Education Destiny Solutions Parent Holding Company First-lien loan ($59,850 par, due 6/2026) Initial Acquisition Date 6/8/2021 Reference Rate and Spread SOFR + 5.85% Interest Rate 11.09%
Investment, par	[8],[14],[15],[16]	$ 59,850,000
Investment, due date	[8],[14],[15],[16]	2026-06
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 08, 2021
Reference Rate	[8],[14],[15],[16]	5.85%				5.85%		5.85%		5.85%		5.85%
Interest Rate	[8],[14],[15],[16]	10.95%				10.95%		10.95%		10.95%		10.95%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 59,024,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 58,803,000
Percentage of Net Assets	[8],[14],[15],[16]	4.00%				4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien loan ($56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Investment, par	[8],[14],[16]	$ 56,216,000
Investment, due date	[8],[14],[16]	2027-12
Initial Acquisition Date	[8],[14],[16]	Dec. 22, 2021
Reference Rate	[8],[14],[16]	6.35%				6.35%		6.35%		6.35%		6.35%
Interest Rate	[8],[14],[16]	11.45%				11.45%		11.45%		11.45%		11.45%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 55,324,000
Total investments at fair value	[8],[11],[14],[16]	$ 54,529,000
Percentage of Net Assets	[8],[14],[16]	3.70%				3.70%		3.70%		3.70%		3.70%
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien revolving loan ($5,270 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Investment, par	[8],[14],[16]	$ 5,270,000
Investment, due date	[8],[14],[16]	2027-12
Initial Acquisition Date	[8],[14],[16]	Dec. 22, 2021
Reference Rate	[8],[14],[16]	6.35%				6.35%		6.35%		6.35%		6.35%
Interest Rate	[8],[14],[16]	11.45%				11.45%		11.45%		11.45%		11.45%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 5,139,000
Total investments at fair value	[8],[11],[14],[16]	$ 5,007,000
Percentage of Net Assets	[8],[14],[16]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Financial Services
Investment at amortized cost		$ 287,087,000	[6],[7],[8],[14]	$ 347,964,000	[1],[3],[5],[9],[10]
Total investments at fair value		$ 290,095,000	[8],[11],[14]	$ 347,984,000	[1],[3],[5],[13]
Percentage of Net Assets		19.80%	[8],[14]	25.80%	[1],[3],[5]	19.80%	[8],[14]	19.80%	[8],[14]	19.80%	[8],[14]	19.80%	[8],[14]	25.80%	[1],[3],[5]	25.80%	[1],[3],[5]	25.80%	[1],[3],[5]	25.80%	[1],[3],[5]
Investment, Identifier [Axis]: Debt Investments Financial Services Alaska Bidco Oy First-lien loan (EUR 727 par, due 5/2030) Initial Acquisition Date 5/30/2023 Reference Rate and Spread E + 6.25% Interest Rate 9.89%
Investment, par | €	[8],[14],[16],[18]							€ 727
Investment, due date	[8],[14],[16],[18]	2030-05
Initial Acquisition Date	[8],[14],[15],[16]	May 30, 2023
Reference Rate	[8],[14],[15],[16]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[14],[15],[16]	9.89%				9.89%		9.89%		9.89%		9.89%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 754,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 766,000						€ 702
Percentage of Net Assets	[8],[14],[16],[18]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien loan ($46,098 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.22%
Investment, par	[8],[14],[16]	$ 46,098,000
Investment, due date	[8],[14],[16]	2028-12
Initial Acquisition Date	[8],[14],[16]	Dec. 16, 2022
Reference Rate	[8],[14],[16]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[14],[16]	13.22%				13.22%		13.22%		13.22%		13.22%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 44,865,000
Total investments at fair value	[8],[11],[14],[16]	$ 45,407,000
Percentage of Net Assets	[8],[14],[16]	3.10%				3.10%		3.10%		3.10%		3.10%
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien revolving loan ($1,687 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.36%
Investment, par	[8],[14],[16]	$ 1,687,000
Investment, due date	[8],[14],[16]	2028-12
Initial Acquisition Date	[8],[14],[16]	Dec. 16, 2022
Reference Rate	[8],[14],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16]	12.36%				12.36%		12.36%		12.36%		12.36%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 1,555,000
Total investments at fair value	[8],[11],[14],[16]	$ 1,614,000
Percentage of Net Assets	[8],[14],[16]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Bear OpCo, LLC First-lien loan ($20,774 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.75%
Investment, par	[8],[14],[15],[16]	$ 20,774,000
Investment, due date	[8],[14],[15],[16]	2024-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 10, 2019
Reference Rate	[8],[14],[15],[16]	7.65%				7.65%		7.65%		7.65%		7.65%
Interest Rate	[8],[14],[15],[16]	12.75%				12.75%		12.75%		12.75%		12.75%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 20,616,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 21,034,000
Percentage of Net Assets	[8],[14],[15],[16]	1.40%				1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Financial Services BlueSnap, Inc. First-lien loan ($42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Investment, par	[8],[14],[15],[16]	$ 42,000,000
Investment, due date	[8],[14],[15],[16]	2024-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 25, 2019
Reference Rate	[8],[14],[15],[16]	7.15%				7.15%		7.15%		7.15%		7.15%
Interest Rate	[8],[14],[15],[16]	12.39%				12.39%		12.39%		12.39%		12.39%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 41,738,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 42,222,000
Percentage of Net Assets	[8],[14],[15],[16]	2.90%				2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,518 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L + 4.50% Interest Rate 9.98%
Investment, par	[8],[14],[15],[16]	$ 1,518,000
Investment, due date	[8],[14],[15],[16]	2027-05
Initial Acquisition Date	[8],[14],[15],[16]	May 28, 2021
Reference Rate	[8],[14],[15],[16]	4.50%				4.50%		4.50%		4.50%		4.50%
Interest Rate	[8],[14],[15],[16]	9.98%				9.98%		9.98%		9.98%		9.98%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 1,357,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 1,558,000
Percentage of Net Assets	[8],[14],[15],[16]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,526 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 5.00% Interest Rate 9.73%
Investment, par	[1],[3],[4],[5]			$ 1,526,000
Investment, due date	[1],[3],[4],[5]			2027-05
Initial Acquisition Date	[1],[3],[4],[5]			May 28, 2021
Reference Rate	[1],[3],[4],[5]			5.00%										5.00%		5.00%		5.00%		5.00%
Interest Rate	[1],[3],[4],[5]			9.73%										9.73%		9.73%		9.73%		9.73%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 1,416,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 1,565,000
Percentage of Net Assets	[1],[3],[4],[5]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($13,957 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.98% PIK
Investment, par	[1],[3],[5]			$ 13,957,000
Investment, due date	[1],[3],[5]			2028-05
Initial Acquisition Date	[1],[3],[5]			May 28, 2021
Reference Rate	[1],[3],[5]			8.25%										8.25%		8.25%		8.25%		8.25%
Interest Rate, PIK	[1],[3],[5]			12.98%										12.98%		12.98%		12.98%		12.98%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 13,713,000
Total investments at fair value	[1],[3],[5],[13]			$ 13,643,000
Percentage of Net Assets	[1],[3],[5]			1.00%										1.00%		1.00%		1.00%		1.00%
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($14,897 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L +8.25% Interest Rate 13.73% PIK
Investment, par	[8],[14],[16]	$ 14,897,000
Investment, due date	[8],[14],[16]	2028-05
Initial Acquisition Date	[8],[14],[16]	May 28, 2021
Reference Rate	[8],[14],[16]	8.25%				8.25%		8.25%		8.25%		8.25%
Interest Rate, PIK	[8],[14],[16]	13.73%				13.73%		13.73%		13.73%		13.73%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 14,666,000
Total investments at fair value	[8],[11],[14],[16]	$ 14,748,000
Percentage of Net Assets	[8],[14],[16]	1.00%				1.00%		1.00%		1.00%		1.00%
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,000 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate and Spread SOFR + 5.40% Interest Rate 10.64%
Investment, par	[8],[14],[15],[16]	$ 19,000,000
Investment, due date	[8],[14],[15],[16]	2026-06
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 21, 2021
Reference Rate	[8],[14],[15],[16]	5.40%				5.40%		5.40%		5.40%		5.40%
Interest Rate	[8],[14],[15],[16]	10.64%				10.64%		10.64%		10.64%		10.64%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 18,745,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 19,000,000
Percentage of Net Assets	[8],[14],[15],[16]	1.30%				1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,125 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate Spread L + 5.25% Interest Rate 10.40%
Investment, par	[1],[3],[4],[5]			$ 19,125,000
Investment, due date	[1],[3],[4],[5]			2026-06
Initial Acquisition Date	[1],[3],[4],[5]			Jun. 21, 2021
Reference Rate	[1],[3],[4],[5]			5.25%										5.25%		5.25%		5.25%		5.25%
Interest Rate	[1],[3],[4],[5]			10.40%										10.40%		10.40%		10.40%		10.40%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 18,832,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 18,790,000
Percentage of Net Assets	[1],[3],[4],[5]			1.40%										1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,051 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 9.00% Interest Rate 13.73% (incl. 9.00% PIK)
Investment, par	[1],[3],[5]			$ 19,051,000
Investment, due date	[1],[3],[5]			2025-04
Initial Acquisition Date	[1],[3],[5]			Apr. 09, 2019
Reference Rate	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Interest Rate	[1],[3],[5]			13.73%										13.73%		13.73%		13.73%		13.73%
Interest Rate, PIK	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 18,870,000
Total investments at fair value	[1],[3],[5],[13]			$ 19,147,000
Percentage of Net Assets	[1],[3],[5]			1.40%										1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,928 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 9.00% Interest Rate 14.21% (incl. 9.00% PIK)
Investment, par	[8],[14],[16]	$ 19,928,000
Investment, due date	[8],[14],[16]	2025-04
Initial Acquisition Date	[8],[14],[16]	Apr. 09, 2019
Reference Rate	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Interest Rate	[8],[14],[16]	14.21%				14.21%		14.21%		14.21%		14.21%
Interest Rate, PIK	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 19,783,000
Total investments at fair value	[8],[11],[14],[16]	$ 20,078,000
Percentage of Net Assets	[8],[14],[16]	1.40%				1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 10,381 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 9.00% Interest Rate 12.29% (incl. 9.00% PIK)
Investment, par | €	[8],[14],[16]							€ 10,381
Investment, due date	[8],[14],[16]	2025-04
Initial Acquisition Date	[8],[14],[16]	Apr. 09, 2019
Reference Rate	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Interest Rate	[8],[14],[16]	12.29%				12.29%		12.29%		12.29%		12.29%
Interest Rate, PIK	[8],[14],[16]	9.00%				9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 11,522,000
Total investments at fair value	[8],[11],[14],[16]	$ 11,411,000						€ 10,459
Percentage of Net Assets	[8],[14],[16]	0.80%				0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 9,924 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 9.00% Interest Rate 11.20% (incl. 9.00% PIK)
Investment, par | €	[1],[3],[5]															€ 9,924
Investment, due date	[1],[3],[5]			2025-04
Initial Acquisition Date	[1],[3],[5]			Apr. 09, 2019
Reference Rate	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Interest Rate	[1],[3],[5]			11.20%										11.20%		11.20%		11.20%		11.20%
Interest Rate, PIK	[1],[3],[5]			9.00%										9.00%		9.00%		9.00%		9.00%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 11,004,000
Total investments at fair value	[1],[3],[5],[13]			$ 10,645,000												€ 9,974
Percentage of Net Assets	[1],[3],[5]			0.80%										0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 7.25% Interest Rate 11.98%
Investment, par	[1],[3],[5]			$ 1,411,000
Investment, due date	[1],[3],[5]			2025-04
Initial Acquisition Date	[1],[3],[5]			Apr. 09, 2019
Reference Rate	[1],[3],[5]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[1],[3],[5]			11.98%										11.98%		11.98%		11.98%		11.98%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 1,394,000
Total investments at fair value	[1],[3],[5],[13]			$ 1,418,000
Percentage of Net Assets	[1],[3],[5]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 7.25% Interest Rate 12.46%
Investment, par	[8],[14],[16]	$ 1,411,000
Investment, due date	[8],[14],[16]	2025-04
Initial Acquisition Date	[8],[14],[16]	Apr. 09, 2019
Reference Rate	[8],[14],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16]	12.46%				12.46%		12.46%		12.46%		12.46%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 1,398,000
Total investments at fair value	[8],[11],[14],[16]	$ 1,421,000
Percentage of Net Assets	[8],[14],[16]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 7.25% Interest Rate 9.45%
Investment, par | €	[1],[3],[5]															€ 336
Investment, due date	[1],[3],[5]			2025-04
Initial Acquisition Date	[1],[3],[5]			Apr. 09, 2019
Reference Rate	[1],[3],[5]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[1],[3],[5]			9.45%										9.45%		9.45%		9.45%		9.45%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 372,000
Total investments at fair value	[1],[3],[5],[13]			$ 358,000												€ 336
Percentage of Net Assets	[1],[3],[5]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 7.25% Interest Rate 10.54%
Investment, par | €	[8],[14],[16]							€ 336
Investment, due date	[8],[14],[16]	2025-04
Initial Acquisition Date	[8],[14],[16]	Apr. 09, 2019
Reference Rate	[8],[14],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16]	10.54%				10.54%		10.54%		10.54%		10.54%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 373,000
Total investments at fair value	[8],[11],[14],[16]	$ 366,000						€ 336
Percentage of Net Assets	[8],[14],[16]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. Convertible Promissory Note A ($694 par, due 9/2024) Initial Acquisition Date 3/2/2023 Reference Rate and Spread 8.00% Interest Rate 8.00%
Investment, par	[8],[14]	$ 694,000
Investment, due date	[8],[14]	2024-09
Initial Acquisition Date	[8],[14]	Mar. 02, 2023
Reference Rate	[8],[14]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[14]	8.00%				8.00%		8.00%		8.00%		8.00%
Investment at amortized cost	[6],[7],[8],[14]	$ 695,000
Total investments at fair value	[8],[11],[14]	$ 851,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($23,390 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.58% (incl. 4.125% PIK)
Investment, par	[1],[3],[5]			$ 23,390,000
Investment, due date	[1],[3],[5]			2026-04
Initial Acquisition Date	[1],[3],[5]			Apr. 28, 2021
Reference Rate	[1],[3],[5]			8.25%										8.25%		8.25%		8.25%		8.25%
Interest Rate	[1],[3],[5]			12.58%										12.58%		12.58%		12.58%		12.58%
Interest Rate, PIK	[1],[3],[5]			4.125%										4.125%		4.125%		4.125%		4.125%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 23,169,000
Total investments at fair value	[1],[3],[5],[13]			$ 22,783,000
Percentage of Net Assets	[1],[3],[5]			1.70%										1.70%		1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($24,098 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Investment, par	[8],[14],[16]	$ 24,098,000
Investment, due date	[8],[14],[16]	2026-04
Initial Acquisition Date	[8],[14],[16]	Apr. 28, 2021
Reference Rate	[8],[14],[16]	8.40%				8.40%		8.40%		8.40%		8.40%
Interest Rate	[8],[14],[16]	13.64%				13.64%		13.64%		13.64%		13.64%
Investment at amortized cost	[6],[7],[8],[14]	$ 23,907,000
Total investments at fair value	[8],[11],[14]	$ 23,739,000
Percentage of Net Assets	[8],[14]	1.60%				1.60%		1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.32%
Investment, par	[1],[3],[5]			$ 22,727,000
Investment, due date	[1],[3],[5]			2029-10
Initial Acquisition Date	[1],[3],[5]			Oct. 17, 2022
Reference Rate	[1],[3],[5]			7.00%										7.00%		7.00%		7.00%		7.00%
Interest Rate	[1],[3],[5]			11.32%										11.32%		11.32%		11.32%		11.32%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 22,116,000
Total investments at fair value	[1],[3],[5],[13]			$ 21,977,000
Percentage of Net Assets	[1],[3],[5]			1.60%										1.60%		1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.08%
Investment, par	[8],[14],[16]	$ 22,727,000
Investment, due date	[8],[14],[16]	2029-10
Initial Acquisition Date	[8],[14],[16]	Oct. 17, 2022
Reference Rate	[8],[14],[16]	7.00%				7.00%		7.00%		7.00%		7.00%
Interest Rate	[8],[14],[16]	12.08%				12.08%		12.08%		12.08%		12.08%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 22,149,000
Total investments at fair value	[8],[11],[14],[16]	$ 22,415,000
Percentage of Net Assets	[8],[14],[16]	1.50%				1.50%		1.50%		1.50%		1.50%
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($16,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[8],[14],[16]	$ 16,507,000
Investment, due date	[8],[14],[16]	2023-12
Initial Acquisition Date	[8],[14],[16]	Dec. 31, 2018
Reference Rate	[8],[14],[16]	7.10%				7.10%		7.10%		7.10%		7.10%
Interest Rate	[8],[14],[16]	12.20%				12.20%		12.20%		12.20%		12.20%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 16,480,000
Total investments at fair value	[8],[11],[14],[16]	$ 16,621,000
Percentage of Net Assets	[8],[14],[16]	1.10%				1.10%		1.10%		1.10%		1.10%
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($22,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Investment, par	[1],[3],[5]			$ 22,507,000
Investment, due date	[1],[3],[5]			2023-12
Initial Acquisition Date	[1],[3],[5]			Dec. 31, 2018
Reference Rate	[1],[3],[5]			7.00%										7.00%		7.00%		7.00%		7.00%
Interest Rate	[1],[3],[5]			11.38%										11.38%		11.38%		11.38%		11.38%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 22,434,000
Total investments at fair value	[1],[3],[5],[13]			$ 22,507,000
Percentage of Net Assets	[1],[3],[5]			1.70%										1.70%		1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. Delayed draw term loan ($3,000 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.44%
Investment, par	[8],[14],[18]	$ 3,000,000
Investment, due date	[8],[14],[18]	2027-04
Initial Acquisition Date	[8],[14],[15],[16]	Apr. 30, 2021
Reference Rate	[8],[14],[18]	6.35%				6.35%		6.35%		6.35%		6.35%
Interest Rate	[8],[14],[18]	11.44%				11.44%		11.44%		11.44%		11.44%
Investment at amortized cost	[8],[11],[14],[16],[18]	$ 2,953,000
Total investments at fair value	[8],[14],[18],[21]	$ 2,962,000
Percentage of Net Assets	[8],[14],[15],[16]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,438 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.52%
Investment, par	[8],[14],[15],[16]	$ (44,438,000)
Investment, due date	[8],[14],[15],[16]	2027-04
Initial Acquisition Date	[8],[14],[15],[16]	Apr. 30, 2021
Reference Rate	[8],[14],[15],[16]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[14],[15],[16]	11.52%				11.52%		11.52%		11.52%		11.52%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 43,531,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 43,882,000
Percentage of Net Assets	[8],[14],[15],[16]	3.00%				3.00%		3.00%		3.00%		3.00%
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,663 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate Spread 4/30/2021 Interest Rate 10.66%
Investment, par	[1],[3],[4],[5]			$ 44,663,000
Investment, due date	[1],[3],[4],[5]			2027-04
Initial Acquisition Date	[1],[3],[4],[5]			Apr. 30, 2021
Reference Rate	[1],[3],[4],[5]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[3],[4],[5]			10.66%										10.66%		10.66%		10.66%		10.66%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 43,648,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 43,769,000
Percentage of Net Assets	[1],[3],[4],[5]			3.30%										3.30%		3.30%		3.30%		3.30%
Investment, Identifier [Axis]: Debt Investments Healthcare
Investment at amortized cost		$ 268,940,000	[6],[7],[8],[14]	$ 250,839,000	[1],[3],[4],[5]
Total investments at fair value		$ 274,685,000	[8],[11],[14]	$ 254,602,000	[1],[3],[4],[5]
Percentage of Net Assets		18.80%	[8],[14]	19.00%	[1],[3],[4],[5]	18.80%	[8],[14]	18.80%	[8],[14]	18.80%	[8],[14]	18.80%	[8],[14]	19.00%	[1],[3],[4],[5]	19.00%	[1],[3],[4],[5]	19.00%	[1],[3],[4],[5]	19.00%	[1],[3],[4],[5]
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($63,565 par, due 11/2026) Initial Acquisition Date 11/23/2020 Reference Rate Spread SOFR + 7.70% Interest Rate 12.10%
Investment, par	[1],[3],[4],[5]			$ 63,565,000
Investment, due date	[1],[3],[4],[5]			2026-11
Initial Acquisition Date	[1],[3],[4],[5]			Nov. 23, 2020
Reference Rate	[1],[3],[4],[5]			7.70%										7.70%		7.70%		7.70%		7.70%
Interest Rate	[1],[3],[4],[5]			12.10%										12.10%		12.10%		12.10%		12.10%
Investment at amortized cost	[1],[3],[4],[5]			$ 62,440,000
Total investments at fair value	[1],[3],[4],[5]			$ 62,930,000
Percentage of Net Assets	[1],[3],[4],[5]			4.70%										4.70%		4.70%		4.70%		4.70%
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($67,408 par, due 11/2027) Initial Acquisition Date 11/23/2020 Reference Rate and Spread SOFR + 8.45% Interest Rate 13.71%
Investment, par	[8],[14],[15],[16]	$ 67,408,000
Investment, due date	[8],[14],[15],[16]	2027-11
Initial Acquisition Date	[8],[14],[15],[16]	Nov. 23, 2020
Reference Rate	[8],[14],[15],[16]	8.45%				8.45%		8.45%		8.45%		8.45%
Interest Rate	[8],[14],[15],[16]	13.71%				13.71%		13.71%		13.71%		13.71%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 66,389,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 67,408,000
Percentage of Net Assets	[8],[14],[16]	4.60%				4.60%		4.60%		4.60%		4.60%
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. Second-lien loan ($5,194 par, due 1/2030) Initial Acquisition Date 1/23/2023 Reference Rate and Spread SOFR + 10.70% Interest Rate 15.77% PIK
Investment, par	[8],[14],[16]	$ 5,194,000
Investment, due date	[8],[14],[16]	2030-01
Initial Acquisition Date	[8],[14],[16]	Jan. 23, 2023
Reference Rate	[8],[14],[16]	10.70%				10.70%		10.70%		10.70%		10.70%
Interest Rate, PIK	[8],[14],[16]	15.77%				15.77%		15.77%		15.77%		15.77%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 5,053,000
Total investments at fair value	[8],[11],[14],[16]	$ 5,142,000
Percentage of Net Assets	[8],[14],[16]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 8.00% Interest Rate 8.00%
Investment, par	[1],[3]			$ 2,602,000
Investment, due date	[1],[3]			2023-09
Initial Acquisition Date	[1],[3]			Sep. 21, 2018
Reference Rate	[1],[3]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[1],[3]			8.00%										8.00%		8.00%		8.00%		8.00%
Investment at amortized cost	[1],[3]			$ 2,602,000
Total investments at fair value	[1],[3]			$ 5,848,000
Percentage of Net Assets	[1],[3]			0.40%										0.40%		0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate and Spread 8.00% Interest Rate 8.00%
Investment, par	[8],[14]	$ 2,602,000
Investment, due date	[8],[14]	2023-09
Initial Acquisition Date	[8],[14]	Sep. 21, 2018
Reference Rate	[8],[14]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[14]	8.00%				8.00%		8.00%		8.00%		8.00%
Investment at amortized cost	[6],[7],[8],[14]	$ 2,602,000
Total investments at fair value	[8],[11],[14]	$ 5,386,000
Percentage of Net Assets	[8],[14]	0.40%				0.40%		0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($3,750 par, due 4/2025) Initial Acquisition Date 4/2/2020 Reference Rate Spread 11.30% Interest Rate 11.30%
Investment, par	[1],[3]			$ 3,750,000
Investment, due date	[1],[3]			2025-04
Initial Acquisition Date	[1],[3]			Apr. 02, 2020
Reference Rate	[1],[3]			11.30%										11.30%		11.30%		11.30%		11.30%
Interest Rate	[1],[3]			11.30%										11.30%		11.30%		11.30%		11.30%
Investment at amortized cost	[1],[3]			$ 3,601,000
Total investments at fair value	[1],[3]			$ 3,900,000
Percentage of Net Assets	[1],[3]			0.30%										0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($5,000 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 11.30% Interest Rate 11.30%
Investment, par	[1],[3]			$ 5,000,000
Investment, due date	[1],[3]			2023-09
Initial Acquisition Date	[1],[3]			Sep. 21, 2018
Reference Rate	[1],[3]			11.30%										11.30%		11.30%		11.30%		11.30%
Interest Rate	[1],[3]			11.30%										11.30%		11.30%		11.30%		11.30%
Investment at amortized cost	[1],[3]			$ 4,967,000
Total investments at fair value	[1],[3]			$ 5,100,000
Percentage of Net Assets	[1],[3]			0.40%										0.40%		0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Debt Investments Healthcare Edge Bidco B.V First-lien loan (EUR 3,471 par, due 2/2029) Initial Acquisition Date 2/24/2023 Reference Rate and Spread E + 7.00% Interest Rate 10.60% (incl. 3.25% PIK)
Investment, par | €	[8],[14],[15],[16],[18]							€ 3,471
Investment, due date	[8],[14],[15],[16],[18]	2029-02
Initial Acquisition Date	[8],[14],[15],[16],[18]	Feb. 24, 2023
Reference Rate	[8],[14],[15],[16],[18]	7.00%				7.00%		7.00%		7.00%		7.00%
Interest Rate	[8],[14],[15],[16],[18]	10.60%				10.60%		10.60%		10.60%		10.60%
Interest Rate, PIK	[8],[14],[15],[16],[18]	3.25%				3.25%		3.25%		3.25%		3.25%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 3,532,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 3,697,000						€ 3,389
Percentage of Net Assets	[8],[14],[15],[16],[18]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate Spread SOFR + 5.70% Interest Rate 10.02%
Investment, par	[1],[3],[4],[5]			$ 65,000,000
Investment, due date	[1],[3],[4],[5]			2026-10
Initial Acquisition Date	[1],[3],[4],[5]			Oct. 06, 2021
Reference Rate	[1],[3],[4],[5]			5.70%										5.70%		5.70%		5.70%		5.70%
Interest Rate	[1],[3],[4],[5]			10.02%										10.02%		10.02%		10.02%		10.02%
Investment at amortized cost	[1],[3],[4],[5]			$ 63,733,000
Total investments at fair value	[1],[3],[4],[5]			$ 63,213,000
Percentage of Net Assets	[1],[3],[4],[5]			4.70%										4.70%		4.70%		4.70%		4.70%
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate and Spread SOFR + 5.70% Interest Rate 10.79%
Investment, par	[8],[14],[15],[16]	$ 65,000,000
Investment, due date	[8],[14],[15],[16]	2026-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 06, 2021
Reference Rate	[8],[14],[15],[16]	5.70%				5.70%		5.70%		5.70%		5.70%
Interest Rate	[8],[14],[15],[16]	10.79%				10.79%		10.79%		10.79%		10.79%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 63,870,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 64,187,000
Percentage of Net Assets	[8],[14],[15],[16]	4.40%				4.40%		4.40%		4.40%		4.40%
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($44,868 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.20%
Investment, par	[8],[14],[15],[16]	$ 44,868,000
Investment, due date	[8],[14],[15],[16]	2024-10
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 30, 2017
Reference Rate	[8],[14],[15],[16]	7.00%				7.00%		7.00%		7.00%		7.00%
Interest Rate	[8],[14],[15],[16]	12.20%				12.20%		12.20%		12.20%		12.20%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 44,345,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 44,868,000
Percentage of Net Assets	[8],[14],[15],[16]	3.10%				3.10%		3.10%		3.10%		3.10%
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($46,312 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate Spread L + 7.50% Interest Rate 11.89%
Investment, par	[1],[3],[4],[5]			$ 46,312,000
Investment, due date	[1],[3],[4],[5]			2024-10
Initial Acquisition Date	[1],[3],[4],[5]			Jun. 30, 2017
Reference Rate	[1],[3],[4],[5]			7.50%										7.50%		7.50%		7.50%		7.50%
Interest Rate	[1],[3],[4],[5]			11.89%										11.89%		11.89%		11.89%		11.89%
Investment at amortized cost	[1],[3],[4],[5]			$ 45,590,000
Total investments at fair value	[1],[3],[4],[5]			$ 46,312,000
Percentage of Net Assets	[1],[3],[4],[5]			3.50%										3.50%		3.50%		3.50%		3.50%
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.84%
Investment, par	[1],[3],[4],[5]			$ 70,103,000
Investment, due date	[1],[3],[4],[5]			2028-06
Initial Acquisition Date	[1],[3],[4],[5]			Jun. 30, 2022
Reference Rate	[1],[3],[4],[5]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[1],[3],[4],[5]			11.84%										11.84%		11.84%		11.84%		11.84%
Investment at amortized cost	[1],[3],[4],[5]			$ 67,906,000
Total investments at fair value	[1],[3],[4],[5]			$ 67,299,000
Percentage of Net Assets	[1],[3],[4],[5]			5.00%										5.00%		5.00%		5.00%		5.00%
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.50%
Investment, par	[8],[14],[15],[16]	$ 70,103,000
Investment, due date	[8],[14],[15],[16]	2028-06
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 30, 2022
Reference Rate	[8],[14],[15],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[15],[16]	12.50%				12.50%		12.50%		12.50%		12.50%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 68,052,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 68,701,000
Percentage of Net Assets	[8],[14],[15],[16]	4.70%				4.70%		4.70%		4.70%		4.70%
Investment, Identifier [Axis]: Debt Investments Healthcare Raptor US Buyer II Corp. First-lien loan ($15,648par,due3/2029) Initial Acquisition Date 3/24/2023 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.97%
Investment, par	[8],[14],[16]	$ 15,648,000
Investment, due date	[8],[14],[16]	2029-03
Initial Acquisition Date	[8],[14],[16]	Mar. 24, 2023
Reference Rate	[8],[14],[16]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[16]	11.97%				11.97%		11.97%		11.97%		11.97%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 15,097,000
Total investments at fair value	[8],[11],[14],[16]	$ 15,296,000
Percentage of Net Assets	[8],[14],[16]	1.00%				1.00%		1.00%		1.00%		1.00%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure
Investment at amortized cost		$ 108,705,000	[6],[7],[8],[14]	$ 101,951,000	[1],[3],[4],[5]
Total investments at fair value		$ 110,489,000	[8],[11],[14]	$ 102,559,000	[1],[3],[4],[5]
Percentage of Net Assets		7.50%	[8],[14]	7.60%	[1],[3],[4],[5]	7.50%	[8],[14]	7.50%	[8],[14]	7.50%	[8],[14]	7.50%	[8],[14]	7.60%	[1],[3],[4],[5]	7.60%	[1],[3],[4],[5]	7.60%	[1],[3],[4],[5]	7.60%	[1],[3],[4],[5]
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,048 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate Spread SOFR + 6.35% Interest Rate 10.67%
Investment, par	[1],[3],[4],[5]			$ 58,048,000
Investment, due date	[1],[3],[4],[5]			2028-05
Initial Acquisition Date	[1],[3],[4],[5]			May 25, 2022
Reference Rate	[1],[3],[4],[5]			6.35%										6.35%		6.35%		6.35%		6.35%
Interest Rate	[1],[3],[4],[5]			10.67%										10.67%		10.67%		10.67%		10.67%
Investment at amortized cost	[1],[3],[4],[5]			$ 56,609,000
Total investments at fair value	[1],[3],[4],[5]			$ 56,260,000
Percentage of Net Assets	[1],[3],[4],[5]			4.20%										4.20%		4.20%		4.20%		4.20%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,963 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.08%
Investment, par	[15],[16]	$ 59,811,000
Investment, due date	[15],[16]	2028-05
Initial Acquisition Date	[15],[16]	May 25, 2022
Reference Rate	[15],[16]	6.40%				6.40%		6.40%		6.40%		6.40%
Interest Rate	[15],[16]	11.45%				11.45%		11.45%		11.45%		11.45%
Investment at amortized cost	[6],[7],[15],[16]	$ 58,479,000
Total investments at fair value	[11],[15],[16]	$ 58,999,000
Percentage of Net Assets	[8],[14],[15],[16]	4.00%				4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.19%
Investment, par	[1],[3],[5],[12]			$ 30,261,000
Investment, due date	[1],[3],[5],[12]			2023-06
Initial Acquisition Date	[1],[3],[5],[12]			Sep. 29, 2015
Reference Rate	[1],[3],[5],[12]			9.50%										9.50%		9.50%		9.50%		9.50%
Interest Rate	[1],[3],[5],[12]			14.19%										14.19%		14.19%		14.19%		14.19%
Investment at amortized cost	[1],[3],[5],[12]			$ 28,595,000
Total investments at fair value	[1],[3],[5],[12]			$ 29,807,000
Percentage of Net Assets	[1],[3],[5],[12]			2.20%										2.20%		2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.86%
Investment, par	[8],[14],[16]	$ 30,261,000
Investment, due date	[8],[14],[16]	2024-06
Initial Acquisition Date	[8],[14],[16]	Sep. 29, 2015
Reference Rate	[8],[14],[16]	9.65%				9.65%		9.65%		9.65%		9.65%
Interest Rate	[8],[14],[16]	14.89%				14.89%		14.89%		14.89%		14.89%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 28,594,000
Total investments at fair value	[8],[11],[14],[16]	$ 30,034,000
Percentage of Net Assets	[8],[14],[16]	2.10%				2.10%		2.10%		2.10%		2.10%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($16,747 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.23%
Investment, par	[1],[3],[5],[12]			$ 16,747,000
Investment, due date	[1],[3],[5],[12]			2023-06
Initial Acquisition Date	[1],[3],[5],[12]			Sep. 29, 2015
Reference Rate	[1],[3],[5],[12]			9.50%										9.50%		9.50%		9.50%		9.50%
Interest Rate	[1],[3],[5],[12]			14.23%										14.23%		14.23%		14.23%		14.23%
Investment at amortized cost	[1],[3],[5],[12]			$ 16,747,000
Total investments at fair value	[1],[3],[5],[12]			$ 16,492,000
Percentage of Net Assets	[1],[3],[5],[12]			1.20%										1.20%		1.20%		1.20%		1.20%
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($21,632 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.92%
Investment, par	[8],[14],[16]	$ 21,632,000
Investment, due date	[8],[14],[16]	2024-06
Initial Acquisition Date	[8],[14],[16]	Sep. 29, 2015
Reference Rate	[8],[14],[16]	9.65%				9.65%		9.65%		9.65%		9.65%
Interest Rate	[8],[14],[16]	14.92%				14.92%		14.92%		14.92%		14.92%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 21,632,000
Total investments at fair value	[8],[11],[14],[16]	$ 21,456,000
Percentage of Net Assets	[8],[14],[16]	1.40%				1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services
Investment at amortized cost	[7],[8],[9],[14]			$ 320,762,000
Total investments at fair value	[6],[8],[14]			$ 316,772,000
Percentage of Net Assets	[8],[14]			23.40%										23.40%		23.40%		23.40%		23.40%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Axonify, Inc. First-lien loan ($47,122 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate Spread SOFR + 7.65% Interest Rate SOFR + 7.65%
Investment, par	[8],[14],[15],[16],[18]			$ 47,122,000
Investment, due date	[8],[14],[15],[16],[18]			2026-05
Initial Acquisition Date	[8],[14],[15],[16],[18]			May 05, 2021
Reference Rate	[8],[14],[15],[16],[18]			7.65%										7.65%		7.65%		7.65%		7.65%
Interest Rate	[8],[14],[15],[16],[18]			11.83%										11.83%		11.83%		11.83%		11.83%
Investment at amortized cost	[7],[8],[9],[14],[15],[16],[18]			$ 46,204,000
Total investments at fair value	[6],[8],[14],[15],[16],[18]			$ 46,190,000
Percentage of Net Assets	[8],[14],[15],[16],[18]			3.40%										3.40%		3.40%		3.40%		3.40%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Elysian Finco Ltd. First-lien loan ($17,314 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate Spread SOFR + 6.65% Interest Rate 10.99%
Investment, par	[8],[14],[15],[16],[18]			$ 17,314,000
Investment, due date	[8],[14],[15],[16],[18]			2028-01
Initial Acquisition Date	[8],[14],[15],[16],[18]			Jan. 31, 2022
Reference Rate	[8],[14],[15],[16],[18]			6.65%										6.65%		6.65%		6.65%		6.65%
Interest Rate	[8],[14],[15],[16],[18]			10.99%										10.99%		10.99%		10.99%		10.99%
Investment at amortized cost	[7],[8],[9],[14],[15],[16],[18]			$ 16,831,000
Total investments at fair value	[6],[8],[14],[15],[16],[18]			$ 17,107,000
Percentage of Net Assets	[8],[14],[15],[16],[18]			1.30%										1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Employment Hero Holdings Pty Ltd First-lien loan (AUD 50,000 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate Spread B + 6.50% Interest Rate 9.77%
Investment, par	[8],[14],[16],[18]																			$ 50,000
Investment, due date	[8],[14],[16],[18]			2026-12
Initial Acquisition Date	[8],[14],[16],[18]			Dec. 06, 2021
Reference Rate	[8],[14],[16],[18]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[16],[18]			9.77%										9.77%		9.77%		9.77%		9.77%
Investment at amortized cost	[7],[8],[9],[14],[16],[18]			$ 34,664,000
Total investments at fair value	[6],[8],[14],[16],[18]			$ 32,839,000																$ 51,076
Percentage of Net Assets	[8],[14],[16],[18]			2.40%										2.40%		2.40%		2.40%		2.40%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Modern Hire, Inc. First-lien loan ($28,878 par, due 5/2024) Initial Acquisition Date 5/15/2019 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Investment, par	[8],[14],[15],[16]			$ 28,878,000
Investment, due date	[8],[14],[15],[16]			2024-05
Initial Acquisition Date	[8],[14],[15],[16]			May 15, 2019
Reference Rate	[8],[14],[15],[16]			7.00%										7.00%		7.00%		7.00%		7.00%
Interest Rate	[8],[14],[15],[16]			11.38%										11.38%		11.38%		11.38%		11.38%
Investment at amortized cost	[7],[8],[9],[14],[15],[16]			$ 28,624,000
Total investments at fair value	[6],[8],[14],[15],[16]			$ 28,950,000
Percentage of Net Assets	[8],[14],[15],[16]			2.20%										2.20%		2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan ($12,011 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread L + 5.50% Interest Rate 10.65%
Investment, par	[8],[14],[15],[16],[18]			$ 12,011,000
Investment, due date	[8],[14],[15],[16],[18]			2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]			Oct. 28, 2021
Reference Rate	[8],[14],[15],[16],[18]			5.50%										5.50%		5.50%		5.50%		5.50%
Interest Rate	[8],[14],[15],[16],[18]			10.65%										10.65%		10.65%		10.65%		10.65%
Investment at amortized cost	[7],[8],[9],[14],[15],[16],[18]			$ 11,997,000
Total investments at fair value	[6],[8],[14],[15],[16],[18]			$ 11,771,000
Percentage of Net Assets	[8],[14],[15],[16],[18]			0.90%										0.90%		0.90%		0.90%		0.90%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,520 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate Spread B + 5.50% Interest Rate 9.28%
Investment, par	[8],[14],[15],[16],[18]																			$ 14,520
Investment, due date	[8],[14],[15],[16],[18]			2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]			Jan. 11, 2018
Reference Rate	[8],[14],[15],[16],[18]			5.50%										5.50%		5.50%		5.50%		5.50%
Interest Rate	[8],[14],[15],[16],[18]			9.28%										9.28%		9.28%		9.28%		9.28%
Investment at amortized cost	[7],[8],[9],[14],[15],[16],[18]			$ 10,899,000
Total investments at fair value	[6],[8],[14],[15],[16],[18]			$ 9,534																$ 14,059
Percentage of Net Assets	[8],[14],[15],[16],[18]			0.70%										0.70%		0.70%		0.70%		0.70%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,766 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread S + 5.62% Interest Rate 8.55%
Investment, par | £	[8],[14],[15],[16],[18]																	£ 3,766
Investment, due date	[8],[14],[15],[16],[18]			2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]			Oct. 28, 2021
Reference Rate	[8],[14],[15],[16],[18]			5.62%										5.62%		5.62%		5.62%		5.62%
Interest Rate	[8],[14],[15],[16],[18]			8.55%										8.55%		8.55%		8.55%		8.55%
Investment at amortized cost	[7],[8],[9],[14],[15],[16],[18]			$ 5,184,000
Total investments at fair value	[6],[8],[14],[15],[16],[18]			$ 4,439,000														£ 3,690
Percentage of Net Assets	[8],[14],[15],[16],[18]			0.30%										0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,775 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate Spread L + 5.75% Interest Rate 10.48%
Investment, par	[8],[14],[15],[16]			$ 68,775,000
Investment, due date	[8],[14],[15],[16]			2024-05
Initial Acquisition Date	[8],[14],[15],[16]			May 03, 2019
Reference Rate	[8],[14],[15],[16]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[14],[15],[16]			10.48%										10.48%		10.48%		10.48%		10.48%
Investment at amortized cost	[7],[8],[9],[14],[15],[16]			$ 68,199,000
Total investments at fair value	[6],[8],[14],[15],[16]			$ 67,572,000
Percentage of Net Assets	[8],[14],[15],[16]			5.00%										5.00%		5.00%		5.00%		5.00%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($32,242 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate Spread SOFR + 7.15% Interest Rate 11.73%
Investment, par	[8],[14],[15],[16]			$ 32,242,000
Investment, due date	[8],[14],[15],[16]			2026-12
Initial Acquisition Date	[8],[14],[15],[16]			Dec. 17, 2021
Reference Rate	[8],[14],[15],[16]			7.15%										7.15%		7.15%		7.15%		7.15%
Interest Rate	[8],[14],[15],[16]			11.73%										11.73%		11.73%		11.73%		11.73%
Investment at amortized cost	[7],[8],[9],[14],[15],[16]			$ 31,297,000
Total investments at fair value	[6],[8],[14],[15],[16]			$ 31,355,000
Percentage of Net Assets	[8],[14],[15],[16]			2.30%										2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,798 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate Spread SOFR + 7.40% Interest Rate 11.80%
Investment, par	[8],[14],[15],[16]			$ 23,798,000
Investment, due date	[8],[14],[15],[16]			2025-10
Initial Acquisition Date	[8],[14],[15],[16]			Oct. 19, 2020
Reference Rate	[8],[14],[15],[16]			7.40%										7.40%		7.40%		7.40%		7.40%
Interest Rate	[8],[14],[15],[16]			11.80%										11.80%		11.80%		11.80%		11.80%
Investment at amortized cost	[7],[8],[9],[14],[15],[16]			$ 23,433,000
Total investments at fair value	[6],[8],[14],[15],[16]			$ 23,441,000
Percentage of Net Assets	[8],[14],[15],[16]			1.70%										1.70%		1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services bswift, LLC First-lien loan ($44,806 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate Spread SOFR + 6.63% Interest Rate 10.81%
Investment, par	[8],[14],[15],[16]			$ 44,806,000
Investment, due date	[8],[14],[15],[16]			2028-11
Initial Acquisition Date	[8],[14],[15],[16]			Nov. 07, 2022
Reference Rate	[8],[14],[15],[16]			6.63%										6.63%		6.63%		6.63%		6.63%
Interest Rate	[8],[14],[15],[16]			10.81%										10.81%		10.81%		10.81%		10.81%
Investment at amortized cost	[7],[8],[9],[14],[15],[16]			$ 43,430,000
Total investments at fair value	[6],[8],[14],[15],[16]			$ 43,574,000
Percentage of Net Assets	[8],[14],[15],[16]			3.20%										3.20%		3.20%		3.20%		3.20%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services
Investment at amortized cost	[8],[9],[10],[14]			$ 372,372,000
Total investments at fair value	[8],[13],[14]			$ 369,758,000
Percentage of Net Assets	[8],[14]			27.50%										27.50%		27.50%		27.50%		27.50%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services EDB Parent, LLC First-lien loan ($56,963 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.58%
Investment, par	[4],[5],[8],[14]			$ 56,963,000
Investment, due date	[4],[5],[8],[14]			2028-07
Initial Acquisition Date	[4],[5],[8],[14]			Jul. 07, 2022
Reference Rate	[4],[5],[8],[14]			7.00%										7.00%		7.00%		7.00%		7.00%
Interest Rate	[4],[5],[8],[14]			11.58%										11.58%		11.58%		11.58%		11.58%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 55,607,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 55,539,000
Percentage of Net Assets	[4],[5],[8],[14]			4.10%										4.10%		4.10%		4.10%		4.10%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Higher Logic, LLC First-lien loan ($55,820 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[4],[5],[8],[14]			$ 55,820,000
Investment, due date	[4],[5],[8],[14]			2025-01
Initial Acquisition Date	[4],[5],[8],[14]			Jun. 18, 2018
Reference Rate	[4],[5],[8],[14]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[4],[5],[8],[14]			11.83%										11.83%		11.83%		11.83%		11.83%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 55,506,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 55,541,000
Percentage of Net Assets	[4],[5],[8],[14]			4.10%										4.10%		4.10%		4.10%		4.10%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services LeanTaaS Holdings, Inc. First-lien loan ($27,782 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.83%
Investment, par	[4],[5],[8],[14]			$ 27,782,000
Investment, due date	[4],[5],[8],[14]			2028-07
Initial Acquisition Date	[4],[5],[8],[14]			Jul. 12, 2022
Reference Rate	[4],[5],[8],[14]			7.50%										7.50%		7.50%		7.50%		7.50%
Interest Rate	[4],[5],[8],[14]			12.08%										12.08%		12.08%		12.08%		12.08%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 26,906,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 26,709,000
Percentage of Net Assets	[4],[5],[8],[14]			2.00%										2.00%		2.00%		2.00%		2.00%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Investment, par	[5],[8],[14]			$ 54,700,000
Investment, due date	[5],[8],[14]			2024-01
Initial Acquisition Date	[5],[8],[14]			Oct. 03, 2017
Reference Rate	[5],[8],[14]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[5],[8],[14]			12.06%										12.06%		12.06%		12.06%		12.06%
Investment at amortized cost	[5],[8],[9],[10],[14]			$ 54,651,000
Total investments at fair value	[5],[8],[13],[14]			$ 53,469,000
Percentage of Net Assets	[5],[8],[14]			4.00%										4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien revolving loan ($1,320 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Investment, par	[5],[8],[14]			$ 1,320,000
Investment, due date	[5],[8],[14]			2024-01
Initial Acquisition Date	[5],[8],[14]			Oct. 03, 2017
Reference Rate	[5],[8],[14]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[5],[8],[14]			12.06%										12.06%		12.06%		12.06%		12.06%
Investment at amortized cost	[5],[8],[9],[10],[14]			$ 1,323,000
Total investments at fair value	[5],[8],[13],[14]			$ 1,245,000
Percentage of Net Assets	[5],[8],[14]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lucidworks, Inc. First-lien loan ($8,330 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.82% (incl. 3.50% PIK)
Investment, par	[4],[5],[8],[14]			$ 8,330,000
Investment, due date	[4],[5],[8],[14]			2027-02
Initial Acquisition Date	[4],[5],[8],[14]			Feb. 11, 2022
Reference Rate	[4],[5],[8],[14]			7.50%										7.50%		7.50%		7.50%		7.50%
Interest Rate	[4],[5],[8],[14]			11.82%										11.82%		11.82%		11.82%		11.82%
Interest Rate, PIK	[4],[5],[8],[14]			3.50%										3.50%		3.50%		3.50%		3.50%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 8,330,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 8,170,000
Percentage of Net Assets	[4],[5],[8],[14]			0.60%										0.60%		0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Piano Software, Inc First-lien loan ($51,312 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate Spread SOFR + 7.10% Interest Rate 11.42%
Investment, par	[4],[5],[8],[14]			$ 51,312,000
Investment, due date	[4],[5],[8],[14]			2026-02
Initial Acquisition Date	[4],[5],[8],[14]			Feb. 25, 2021
Reference Rate	[4],[5],[8],[14]			7.10%										7.10%		7.10%		7.10%		7.10%
Interest Rate	[4],[5],[8],[14]			11.42%										11.42%		11.42%		11.42%		11.42%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 50,454,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 50,029,000
Percentage of Net Assets	[4],[5],[8],[14]			3.70%										3.70%		3.70%		3.70%		3.70%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate Spread SOFR + 6.75% Interest Rate 11.07%
Investment, par	[4],[5],[8],[14]			$ 36,833,000
Investment, due date	[4],[5],[8],[14]			2028-10
Initial Acquisition Date	[4],[5],[8],[14]			Oct. 31, 2022
Reference Rate	[4],[5],[8],[14]			6.75%										6.75%		6.75%		6.75%		6.75%
Interest Rate	[4],[5],[8],[14]			11.07%										11.07%		11.07%		11.07%		11.07%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 35,258,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 35,268,000
Percentage of Net Assets	[4],[5],[8],[14]			2.60%										2.60%		2.60%		2.60%		2.60%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien loan ($32,194 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 12.04% PIK
Investment, par	[5],[8],[14]			$ 32,194,000
Investment, due date	[5],[8],[14]			2028-10
Initial Acquisition Date	[5],[8],[14]			Oct. 01, 2021
Reference Rate	[5],[8],[14]			7.75%										7.75%		7.75%		7.75%		7.75%
Interest Rate, PIK	[5],[8],[14]			12.04%										12.04%		12.04%		12.04%		12.04%
Investment at amortized cost	[5],[8],[9],[10],[14]			$ 31,631,000
Total investments at fair value	[5],[8],[13],[14]			$ 31,308,000
Percentage of Net Assets	[5],[8],[14]			2.30%										2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien revolving loan ($780 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 10.89%
Investment, par	[5],[8],[14]			$ 780,000
Investment, due date	[5],[8],[14]			2027-10
Initial Acquisition Date	[5],[8],[14]			Oct. 01, 2021
Reference Rate	[5],[8],[14]			6.75%										6.75%		6.75%		6.75%		6.75%
Interest Rate	[5],[8],[14]			10.89%										10.89%		10.89%		10.89%		10.89%
Investment at amortized cost	[5],[8],[9],[10],[14]			$ 737,000
Total investments at fair value	[5],[8],[13],[14]			$ 714,000
Percentage of Net Assets	[5],[8],[14]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell CrunchTime Information, Systems, Inc First-lien loan ($53,121 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate Spread SOFR + 6.00 Interest Rate 10.32%
Investment, par	[4],[5],[8],[14]			$ 53,121,000
Investment, due date	[4],[5],[8],[14]			2028-06
Initial Acquisition Date	[4],[5],[8],[14]			Jun. 17, 2022
Reference Rate	[4],[5],[8],[14]			6.00%										6.00%		6.00%		6.00%		6.00%
Interest Rate	[4],[5],[8],[14]			10.32%										10.32%		10.32%		10.32%		10.32%
Investment at amortized cost	[4],[5],[8],[9],[10],[14]			$ 51,969,000
Total investments at fair value	[4],[5],[8],[13],[14]			$ 51,766,000
Percentage of Net Assets	[4],[5],[8],[14]			3.90%										3.90%		3.90%		3.90%		3.90%
Investment, Identifier [Axis]: Debt Investments Hotel, Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[1],[3],[5]			$ 38,636,000
Investment, due date	[1],[3],[5]			2028-10
Initial Acquisition Date	[1],[3],[5]			Oct. 19, 2022
Reference Rate	[1],[3],[5]			7.25%										7.25%		7.25%		7.25%		7.25%
Interest Rate	[1],[3],[5]			11.83%										11.83%		11.83%		11.83%		11.83%
Investment at amortized cost	[1],[3],[5],[9]			$ 37,601,000
Total investments at fair value	[1],[3],[5],[13]			$ 37,255,000
Percentage of Net Assets	[1],[3],[5]			2.80%										2.80%		2.80%		2.80%		2.80%
Investment, Identifier [Axis]: Debt Investments Hotel, Office Products USR Parent, Inc. ABL FILO term loan ($19,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate Spread SOFR + 6.50% Interest Rate 10.62%
Investment, par	[1],[3],[4],[5]			$ 19,000,000
Investment, due date	[1],[3],[4],[5]			2027-04
Initial Acquisition Date	[1],[3],[4],[5]			Apr. 25, 2022
Reference Rate	[1],[3],[4],[5]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[3],[4],[5]			10.62%										10.62%		10.62%		10.62%		10.62%
Investment at amortized cost	[1],[3],[4],[5],[9]			$ 18,634,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 18,478,000
Percentage of Net Assets	[1],[3],[4],[5]			1.40%										1.40%		1.40%		1.40%		1.40%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services
Investment at amortized cost	[8],[14]	$ 349,676,000
Total investments at fair value	[8],[14]	$ 348,717,000
Percentage of Net Assets	[8],[14]	23.70%				23.70%		23.70%		23.70%		23.70%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Axonify, Inc. First-lien loan ($49,129 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.71%
Investment, par	[8],[14],[15],[16],[18]	$ 49,129,000
Investment, due date	[8],[14],[15],[16],[18]	2026-05
Initial Acquisition Date	[8],[14],[15],[16],[18]	May 05, 2021
Reference Rate	[8],[14],[15],[16],[18]	7.65%				7.65%		7.65%		7.65%		7.65%
Interest Rate	[8],[14],[15],[16],[18]	12.71%				12.71%		12.71%		12.71%		12.71%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 48,325,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 48,729,000
Percentage of Net Assets	[8],[14],[15],[16],[18]	3.30%				3.30%		3.30%		3.30%		3.30%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Elysian Finco Ltd. First-lien loan ($18,399 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.76%
Investment, par	[8],[14],[15],[16],[18]	$ 18,399,000
Investment, due date	[8],[14],[15],[16],[18]	2028-01
Initial Acquisition Date	[8],[14],[15],[16],[18]	Jan. 31, 2022
Reference Rate	[8],[14],[15],[16],[18]	6.65%				6.65%		6.65%		6.65%		6.65%
Interest Rate	[8],[14],[15],[16],[18]	11.76%				11.76%		11.76%		11.76%		11.76%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 17,953,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 18,634,000
Percentage of Net Assets	[8],[14],[15],[16],[18]	1.30%				1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. First-lien loan (AUD 33,282 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate and Spread B + 6.50% Interest Rate 10.86%
Investment, par	[8],[14],[16],[18]											$ 33,282
Investment, due date	[8],[14],[16],[18]	2026-12
Initial Acquisition Date	[8],[14],[16],[18]	Dec. 06, 2021
Reference Rate	[8],[14],[16],[18]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[16],[18]	10.86%				10.86%		10.86%		10.86%		10.86%
Investment at amortized cost	[6],[7],[8],[14],[16],[18]	$ 34,749,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 32,968,000										$ 49,528
Percentage of Net Assets	[8],[14],[16],[18]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services HireVue, Inc. First-lien loan ($54,113 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[8],[14],[16]	$ 54,113,000
Investment, due date	[8],[14],[16]	2029-05
Initial Acquisition Date	[8],[14],[16]	May 03, 2023
Reference Rate	[8],[14],[16]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[16]	12.34%				12.34%		12.34%		12.34%		12.34%
Investment at amortized cost	[7],[8],[13],[14],[16]	$ 52,368,000
Total investments at fair value	[8],[11],[14],[16]	$ 52,893,000
Percentage of Net Assets	[8],[14],[16]	3.60%				3.60%		3.60%		3.60%		3.60%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan ($11,946 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread SOFR + 5.60% Interest Rate 10.70%
Investment, par	[8],[14],[15],[16],[18]	$ 11,946,000
Investment, due date	[8],[14],[15],[16],[18]	2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]	Oct. 28, 2021
Reference Rate	[8],[14],[15],[16],[18]	5.60%				5.60%		5.60%		5.60%		5.60%
Interest Rate	[8],[14],[15],[16],[18]	10.70%				10.70%		10.70%		10.70%		10.70%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 11,935,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 11,886,000
Percentage of Net Assets	[8],[14],[15],[16],[18]	0.80%				0.80%		0.80%		0.80%		0.80%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,433 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate and Spread B + 5.50% Interest Rate 9.28%
Investment, par	[8],[14],[15],[16],[18]											$ 14,433
Investment, due date	[8],[14],[15],[16],[18]	2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]	Jan. 11, 2018
Reference Rate	[8],[14],[15],[16],[18]	5.50%				5.50%		5.50%		5.50%		5.50%
Interest Rate	[8],[14],[15],[16],[18]	9.66%				9.66%		9.66%		9.66%		9.66%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 10,884,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 9,559,000										$ 14,360
Percentage of Net Assets	[8],[14],[15],[16],[18]	0.70%				0.70%		0.70%		0.70%		0.70%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,742 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread S + 5.53% Interest Rate 9.96%
Investment, par | £	[8],[14],[15],[16],[18]									£ 3,742
Investment, due date	[8],[14],[15],[16],[18]	2025-12
Initial Acquisition Date	[8],[14],[15],[16],[18]	Oct. 28, 2021
Reference Rate	[8],[14],[15],[16],[18]	5.53%				5.53%		5.53%		5.53%		5.53%
Interest Rate	[8],[14],[15],[16],[18]	9.96%				9.96%		9.96%		9.96%		9.96%
Investment at amortized cost	[6],[7],[8],[14],[15],[16],[18]	$ 5,153,000
Total investments at fair value	[8],[11],[14],[15],[16],[18]	$ 4,734,000								£ 3,723
Percentage of Net Assets	[8],[14],[15],[16],[18]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,425 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Investment, par	[8],[14],[15],[16]	$ 68,425,000
Investment, due date	[8],[14],[15],[16]	2024-05
Initial Acquisition Date	[8],[14],[15],[16]	May 03, 2019
Reference Rate	[8],[14],[15],[16]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[14],[15],[16]	11.70%				11.70%		11.70%		11.70%		11.70%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 68,058,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 67,570,000
Percentage of Net Assets	[8],[14],[15],[16]	4.60%				4.60%		4.60%		4.60%		4.60%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($34,550 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Investment, par	[8],[14],[15],[16]	$ 34,550,000
Investment, due date	[8],[14],[15],[16]	2026-12
Initial Acquisition Date	[8],[14],[15],[16]	Dec. 17, 2021
Reference Rate	[8],[14],[15],[16]	7.15%				7.15%		7.15%		7.15%		7.15%
Interest Rate	[8],[14],[15],[16]	12.39%				12.39%		12.39%		12.39%		12.39%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 33,723,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 34,290,000
Percentage of Net Assets	[8],[14],[15],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,494 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate and Spread SOFR + 7.40% Interest Rate 12.66%
Investment, par	[8],[14],[15],[16]	$ 23,494,000
Investment, due date	[8],[14],[15],[16]	2025-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 19, 2020
Reference Rate	[8],[14],[15],[16]	7.40%				7.40%		7.40%		7.40%		7.40%
Interest Rate	[8],[14],[15],[16]	12.66%				12.66%		12.66%		12.66%		12.66%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 23,191,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 23,317,000
Percentage of Net Assets	[8],[14],[15],[16]	1.50%				1.50%		1.50%		1.50%		1.50%
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services bswift, LLC First-lien loan ($44,582 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate and Spread SOFR + 6.63% Interest Rate 11.76%
Investment, par	[8],[14],[15],[16]	$ 44,582,000
Investment, due date	[8],[14],[15],[16]	2028-11
Initial Acquisition Date	[8],[14],[15],[16]	Nov. 07, 2022
Reference Rate	[8],[14],[15],[16]	6.63%				6.63%		6.63%		6.63%		6.63%
Interest Rate	[8],[14],[15],[16]	11.76%				11.76%		11.76%		11.76%		11.76%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 43,337,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 44,137,000
Percentage of Net Assets	[8],[14],[15],[16]	3.00%				3.00%		3.00%		3.00%		3.00%
Investment, Identifier [Axis]: Debt Investments Insurance Disco Parent, Inc. First-lien loan ($4,545 par, due 3/2029) Initial Acquisition Date 3/30/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.76%
Investment, par	[8],[14],[16]	$ 4,545,000
Investment, due date	[8],[14],[16]	2029-03
Initial Acquisition Date	[8],[14],[16]	Mar. 30, 2023
Reference Rate	[8],[14],[16]	7.50%				7.50%		7.50%		7.50%		7.50%
Interest Rate	[8],[14],[16]	12.76%				12.76%		12.76%		12.76%		12.76%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 4,426,000
Total investments at fair value	[8],[11],[14],[16]	$ 4,458,000
Percentage of Net Assets	[8],[14],[16]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, Identifier [Axis]: Debt Investments Internet Services
Investment at amortized cost	[8],[14]	$ 464,787,000
Total investments at fair value	[8],[14]	$ 466,799,000
Percentage of Net Assets	[8],[14]	32.00%				32.00%		32.00%		32.00%		32.00%
Investment, Identifier [Axis]: Debt Investments Internet Services Arrow Buyer, Inc. First-lien loan ($33,125 par, due 7/2030) Initial Acquisition Date 6/30/2023 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.74%
Investment, par	[8],[14],[16]	$ 33,125,000
Investment, due date	[8],[14],[16]	2030-07
Initial Acquisition Date	[8],[14],[16]	Jun. 30, 2023
Reference Rate	[8],[14],[16]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[16]	11.74%				11.74%		11.74%		11.74%		11.74%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 32,202,000
Total investments at fair value	[8],[11],[14],[16]	$ 32,310,000
Percentage of Net Assets	[8],[14],[16]	2.20%				2.20%		2.20%		2.20%		2.20%
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien loan ($34,339 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.82% PIK
Investment, par	[8],[14],[16]	$ 34,339,000
Investment, due date	[8],[14],[16]	2028-10
Initial Acquisition Date	[8],[14],[16]	Oct. 01, 2021
Reference Rate	[8],[14],[16]	7.60%				7.60%		7.60%		7.60%		7.60%
Interest Rate, PIK	[8],[14],[16]	12.82%				12.82%		12.82%		12.82%		12.82%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 33,807,000
Total investments at fair value	[8],[11],[14],[16]	$ 33,910,000
Percentage of Net Assets	[8],[14],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien revolving loan ($468 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.77%
Investment, par	[8],[14],[16]	$ 468,000
Investment, due date	[8],[14],[16]	2027-10
Initial Acquisition Date	[8],[14],[16]	Oct. 01, 2021
Reference Rate	[8],[14],[16]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[14],[16]	11.77%				11.77%		11.77%		11.77%		11.77%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 429,000
Total investments at fair value	[8],[11],[14],[16]	$ 438,000
Percentage of Net Assets	[8],[14],[16]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Internet Services Coupa Holdings, LLC First-lien loan ($43,191 par, due 2/2030) Initial Acquisition Date 2/27/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60%
Investment, par	[8],[14],[16]	$ 43,191,000
Investment, due date	[8],[14],[16]	2030-02
Initial Acquisition Date	[8],[14],[16]	Feb. 27, 2023
Reference Rate	[8],[14],[16]	7.50%				7.50%		7.50%		7.50%		7.50%
Interest Rate	[8],[14],[16]	12.60%				12.60%		12.60%		12.60%		12.60%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 42,048,000
Total investments at fair value	[8],[11],[14],[16]	$ 42,691,000
Percentage of Net Assets	[8],[14],[16]	2.90%				2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Debt Investments Internet Services CrunchTime Information, Systems, Inc. First-lien loan ($59,801 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate and Spread SOFR + 6.00% Interest Rate 11.09%
Investment, par	[8],[14],[15],[16]	$ 59,801,000
Investment, due date	[8],[14],[15],[16]	2028-06
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 17, 2022
Reference Rate	[8],[14],[15],[16]	6.00%				6.00%		6.00%		6.00%		6.00%
Interest Rate	[8],[14],[15],[16]	11.09%				11.09%		11.09%		11.09%		11.09%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 58,682,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 59,202,000
Percentage of Net Assets	[8],[14],[15],[16]	4.10%				4.10%		4.10%		4.10%		4.10%
Investment, Identifier [Axis]: Debt Investments Internet Services EDB Parent, LLC First-lien loan ($60,234 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Investment, par	[8],[14],[15],[16]	$ 60,234,000
Investment, due date	[8],[14],[15],[16]	2028-07
Initial Acquisition Date	[8],[14],[15],[16]	Jul. 07, 2022
Reference Rate	[8],[14],[15],[16]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[15],[16]	11.99%				11.99%		11.99%		11.99%		11.99%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 58,950,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 59,481,000
Percentage of Net Assets	[8],[14],[15],[16]	4.10%				4.10%		4.10%		4.10%		4.10%
Investment, Identifier [Axis]: Debt Investments Internet Services Higher Logic, LLC First-lien loan ($54,379 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Investment, par	[8],[14],[15],[16]	$ 54,379,000
Investment, due date	[8],[14],[15],[16]	2025-01
Initial Acquisition Date	[8],[14],[15],[16]	Jun. 18, 2018
Reference Rate	[8],[14],[15],[16]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[15],[16]	11.99%				11.99%		11.99%		11.99%		11.99%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 54,145,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 54,515,000
Percentage of Net Assets	[8],[14],[15],[16]	3.70%				3.70%		3.70%		3.70%		3.70%
Investment, Identifier [Axis]: Debt Investments Internet Services LeanTaaS Holdings, Inc. First-lien loan ($33,924 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.74%
Investment, par	[8],[14],[15],[16]	$ 33,924,000
Investment, due date	[8],[14],[15],[16]	2028-07
Initial Acquisition Date	[8],[14],[15],[16]	Jul. 12, 2022
Reference Rate	[8],[14],[15],[16]	7.50%				7.50%		7.50%		7.50%		7.50%
Interest Rate	[8],[14],[15],[16]	12.74%				12.74%		12.74%		12.74%		12.74%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 33,079,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 33,361,000
Percentage of Net Assets	[8],[14],[15],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.08%
Investment, par	[8],[14],[16]	$ 54,700,000
Investment, due date	[8],[14],[16]	2024-01
Initial Acquisition Date	[8],[14],[16]	Oct. 03, 2017
Reference Rate	[8],[14],[16]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[14],[16]	13.08%				13.08%		13.08%		13.08%		13.08%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 54,675,000
Total investments at fair value	[8],[11],[14],[16]	$ 53,469,000
Percentage of Net Assets	[8],[14],[16]	3.70%				3.70%		3.70%		3.70%		3.70%
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien revolving loan ($2,309 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.01%
Investment, par	[8],[14],[16]	$ 2,309,000
Investment, due date	[8],[14],[16]	2024-01
Initial Acquisition Date	[8],[14],[16]	Oct. 03, 2017
Reference Rate	[8],[14],[16]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[14],[16]	13.01%				13.01%		13.01%		13.01%		13.01%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 2,312,000
Total investments at fair value	[8],[11],[14],[16]	$ 2,235,000
Percentage of Net Assets	[8],[14],[16]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Debt Investments Internet Services Lucidworks, Inc. First-lien loan ($8,619 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60% (incl. 3.50% PIK)
Investment, par	[8],[14],[15],[16]	$ 8,619,000
Investment, due date	[8],[14],[15],[16]	2027-02
Initial Acquisition Date	[8],[14],[15],[16]	Feb. 11, 2022
Reference Rate	[8],[14],[15],[16]	7.50%				7.50%		7.50%		7.50%		7.50%
Interest Rate	[8],[14],[15],[16]	12.60%				12.60%		12.60%		12.60%		12.60%
Interest Rate, PIK	[8],[14],[15],[16]	3.50%				3.50%		3.50%		3.50%		3.50%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 8,619,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 8,548,000
Percentage of Net Assets	[8],[14],[15],[16]	0.60%				0.60%		0.60%		0.60%		0.60%
Investment, Identifier [Axis]: Debt Investments Internet Services Piano Software, Inc. First-lien loan ($51,218 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[8],[14],[15],[16]	$ 51,218,000
Investment, due date	[8],[14],[15],[16]	2026-02
Initial Acquisition Date	[8],[14],[15],[16]	Feb. 25, 2021
Reference Rate	[8],[14],[15],[16]	7.10%				7.10%		7.10%		7.10%		7.10%
Interest Rate	[8],[14],[15],[16]	12.20%				12.20%		12.20%		12.20%		12.20%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 50,483,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 50,450,000
Percentage of Net Assets	[8],[14],[15],[16]	3.40%				3.40%		3.40%		3.40%		3.40%
Investment, Identifier [Axis]: Debt Investments Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.85%
Investment, par	[8],[14],[15],[16]	$ 36,833,000
Investment, due date	[8],[14],[15],[16]	2028-10
Initial Acquisition Date	[8],[14],[15],[16]	Oct. 31, 2022
Reference Rate	[8],[14],[15],[16]	6.75%				6.75%		6.75%		6.75%		6.75%
Interest Rate	[8],[14],[15],[16]	11.85%				11.85%		11.85%		11.85%		11.85%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 35,356,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 36,189,000
Percentage of Net Assets	[8],[14],[15],[16]	2.50%				2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Debt Investments Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.49%
Investment, par	[8],[14],[18]	$ 38,636,000
Investment, due date	[8],[14],[18]	2028-10
Initial Acquisition Date	[8],[14],[18]	Oct. 19, 2022
Reference Rate	[8],[14],[18]	7.25%				7.25%		7.25%		7.25%		7.25%
Interest Rate	[8],[14],[18]	12.49%				12.49%		12.49%		12.49%		12.49%
Investment at amortized cost	[8],[11],[14],[16],[18]	$ 37,667,000
Total investments at fair value	[8],[14],[18],[21]	$ 37,999,000
Percentage of Net Assets	[8],[14],[16]	2.60%				2.60%		2.60%		2.60%		2.60%
Investment, Identifier [Axis]: Debt Investments Office Products USR Parent, Inc. ABL FILO term loan ($18,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.66%
Investment, par	[8],[14],[18]	$ 18,000,000
Investment, due date	[8],[14],[18]	2027-04
Initial Acquisition Date	[8],[14],[18]	Apr. 25, 2022
Reference Rate	[8],[14],[18]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[14],[18]	11.66%				11.66%		11.66%		11.66%		11.66%
Investment at amortized cost	[8],[11],[14],[16],[18]	$ 17,667,000
Total investments at fair value	[8],[14],[18],[21]	$ 17,775,000
Percentage of Net Assets	[8],[14],[15],[16]	1.20%				1.20%		1.20%		1.20%		1.20%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels
Investment at amortized cost	[6],[7],[8],[14]	$ 120,064,000
Total investments at fair value	[8],[11],[14]	$ 123,354,000
Percentage of Net Assets	[8],[14]	8.40%				8.40%		8.40%		8.40%		8.40%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels
Investment at amortized cost	[1],[3],[9]			$ 83,272,000
Total investments at fair value	[1],[3],[13]			$ 85,249,000
Percentage of Net Assets	[1],[3]			6.40%										6.40%		6.40%		6.40%		6.40%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Laramie Energy, LLC First-lien loan ($27,317 par, due 2/2027) Initial Acquisition Date 2/21/2023 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.18%
Investment, par	[8],[14],[16]	$ 27,317,000
Investment, due date	[8],[14],[16]	2027-02
Initial Acquisition Date	[8],[14],[16]	Feb. 21, 2023
Reference Rate	[8],[14],[16]	7.10%				7.10%		7.10%		7.10%		7.10%
Interest Rate	[8],[14],[16]	12.18%				12.18%		12.18%		12.18%		12.18%
Investment at amortized cost	[8],[11],[14],[16]	$ 26,679,000
Total investments at fair value	[8],[14],[16],[21]	$ 26,967,000
Percentage of Net Assets	[8],[16]	1.80%				1.80%		1.80%		1.80%		1.80%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($26,873 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 8.65% Interest Rate 13.23%
Investment, par	[1],[3],[5]			$ 26,873,000
Investment, due date	[1],[3],[5]			2026-06
Initial Acquisition Date	[1],[3],[5]			Jun. 30, 2022
Reference Rate	[1],[3],[5]			8.65%										8.65%		8.65%		8.65%		8.65%
Interest Rate	[1],[3],[5]			13.23%										13.23%		13.23%		13.23%		13.23%
Investment at amortized cost	[1],[3],[5],[9]			$ 26,345,000
Total investments at fair value	[1],[3],[5],[13]			$ 26,781,000
Percentage of Net Assets	[1],[3],[5]			2.00%										2.00%		2.00%		2.00%		2.00%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($33,388 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.90%
Investment, par	[8],[14],[16]	$ 33,388,000
Investment, due date	[8],[16],[18]	2026-06
Initial Acquisition Date	[8],[14],[16]	Jun. 30, 2022
Reference Rate	[8],[14],[16]	8.65%				8.65%		8.65%		8.65%		8.65%
Interest Rate	[8],[14],[16]	13.90%				13.90%		13.90%		13.90%		13.90%
Investment at amortized cost	[7],[8],[14],[16]	$ 32,802,000
Total investments at fair value	[8],[14],[16],[21]	$ 33,754,000
Percentage of Net Assets	[8],[14],[16]	2.30%				2.30%		2.30%		2.30%		2.30%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($57,818 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 7.76% Interest Rate 12.34%
Investment, par	[1],[3],[5]			$ 57,818,000
Investment, due date	[1],[3],[5]			2025-12
Initial Acquisition Date	[1],[3],[5]			Dec. 03, 2021
Reference Rate	[1],[3],[5]			7.76%										7.76%		7.76%		7.76%		7.76%
Interest Rate	[1],[3],[5]			12.34%										12.34%		12.34%		12.34%		12.34%
Investment at amortized cost	[1],[3],[5],[9]			$ 56,927,000
Total investments at fair value	[1],[3],[5],[13]			$ 58,468,000
Percentage of Net Assets	[1],[3],[5]			4.40%										4.40%		4.40%		4.40%		4.40%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($61,333 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate and Spread SOFR + 7.76% Interest Rate 13.00%
Investment, due date	[8],[14],[16]	2025-12
Initial Acquisition Date	[8],[14],[16]	Dec. 03, 2021
Reference Rate	[8],[14],[16]	7.76%				7.76%		7.76%		7.76%		7.76%
Interest Rate	[8],[14],[16]	13.00%				13.00%		13.00%		13.00%		13.00%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 60,583,000
Total investments at fair value	[8],[11],[14],[16]	$ 62,633,000
Percentage of Net Assets	[8],[14],[16]	4.30%				4.30%		4.30%		4.30%		4.30%
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($61,333 par, due 12/2025)Initial Acquisition Date 12/3/2021 Reference Rate and Spread SOFR + 7.76% Interest Rate 13.00%
Investment, par	[8],[14],[16]	$ 61,333,000
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,148 par, due 3/2026) Initial Acquisition Date 3/31/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Investment, par	[8],[14],[15],[16],[18]	$ 40,148,000
Investment, due date	[8],[14],[15],[16],[18]	2026-03
Initial Acquisition Date	[8],[14],[15],[16],[18]	Mar. 31, 2021
Reference Rate	[8],[14],[15],[16],[18]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[14],[15],[16],[18]	11.70%				11.70%		11.70%		11.70%		11.70%
Investment at amortized cost	[8],[11],[14],[15],[16],[18]	$ 39,545,000
Total investments at fair value	[8],[14],[15],[16],[18],[21]	$ 39,746,000
Percentage of Net Assets	[8],[14],[15],[16]	2.70%				2.70%		2.70%		2.70%		2.70%
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,353 par, due 3/2026) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 6.60% Interest Rate 10.92%
Investment, par	[1],[3],[4],[5]			$ 40,353,000
Investment, due date	[1],[3],[4],[5]			2026-03
Initial Acquisition Date	[1],[3],[4],[5]			Mar. 31, 2021
Reference Rate	[1],[3],[4],[5]			6.60%										6.60%		6.60%		6.60%		6.60%
Interest Rate	[1],[3],[4],[5]			10.92%										10.92%		10.92%		10.92%		10.92%
Investment at amortized cost	[1],[3],[4],[5],[9]			$ 39,655,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 39,445,000
Percentage of Net Assets	[1],[3],[4],[5]			2.90%										2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products
Investment at amortized cost		$ 332,105,000	[8],[11],[14],[16],[18]	$ 309,957,000	[1],[3],[9],[10]
Total investments at fair value		$ 326,528,000	[8],[14],[18],[21]	$ 303,381,000	[1],[3],[13]
Percentage of Net Assets		22.30%	[8],[14]	22.60%	[1],[3]	22.30%	[8],[14]	22.30%	[8],[14]	22.30%	[8],[14]	22.30%	[8],[14]	22.60%	[1],[3]	22.60%	[1],[3]	22.60%	[1],[3]	22.60%	[1],[3]
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread L + 8.50 % Interest Rate 13.23%
Investment, par	[1],[3],[5]			$ 25,000,000
Investment, due date	[1],[3],[5]			2025-05
Initial Acquisition Date	[1],[3],[5]			Sep. 06, 2017
Reference Rate	[1],[3],[5]			8.50%										8.50%		8.50%		8.50%		8.50%
Interest Rate	[1],[3],[5]			13.23%										13.23%		13.23%		13.23%		13.23%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 24,782,000
Total investments at fair value	[1],[3],[5],[13]			$ 25,063,000
Percentage of Net Assets	[1],[3],[5]			1.90%										1.90%		1.90%		1.90%		1.90%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.89%
Investment, par	[8],[14],[16]	$ 25,000,000
Investment, due date	[8],[14],[16]	2025-05
Initial Acquisition Date	[8],[14],[16]	Sep. 06, 2017
Reference Rate	[8],[14],[16]	8.65%				8.65%		8.65%		8.65%		8.65%
Interest Rate	[8],[14],[16]	13.89%				13.89%		13.89%		13.89%		13.89%
Investment at amortized cost	[8],[11],[14],[16]	$ 24,824,000
Total investments at fair value	[8],[11],[14],[16]	$ 25,000,000
Percentage of Net Assets	[8],[14],[16]	1.70%				1.70%		1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,357 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00% Interest Rate 19.18% (incl. 18.68% PIK)
Investment, par	[8],[14],[16],[18],[22],[23]	$ 1,357,000
Investment, due date	[8],[14],[16],[18],[22],[23]	2026-09
Initial Acquisition Date	[8],[14],[16],[18],[22],[23]	Jun. 10, 2021
Reference Rate	[8],[14],[16],[18],[22],[23]	14.00%				14.00%		14.00%		14.00%		14.00%
Interest Rate	[8],[14],[16],[18],[22],[23]	19.18%				19.18%		19.18%		19.18%		19.18%
Interest Rate, PIK	[8],[14],[16],[18],[22],[23]	18.68%				18.68%		18.68%		18.68%		18.68%
Investment at amortized cost	[8],[11],[14],[16],[18],[22],[23]	$ 1,357,000
Total investments at fair value	[8],[14],[16],[18],[21],[22],[23]	$ 71,000
Percentage of Net Assets	[8],[14],[16],[23]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,363 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00 % Interest Rate 18.13% (incl. 17.63% PIK)
Investment, par	[1],[3],[5],[24]			$ 1,363,000
Investment, due date	[1],[3],[5],[24]			2026-09
Initial Acquisition Date	[1],[3],[5]			Jun. 10, 2021
Reference Rate	[1],[3],[5]			14.00%										14.00%		14.00%		14.00%		14.00%
Interest Rate	[1],[3],[5]			18.13%										18.13%		18.13%		18.13%		18.13%
Interest Rate, PIK	[1],[3],[5]			17.63%										17.63%		17.63%		17.63%		17.63%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 1,362,000
Total investments at fair value	[1],[3],[5],[13]			$ 78,000
Percentage of Net Assets	[1],[3],[5]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,130 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25% Interest Rate 11.42% (incl. 10.93% PIK)
Investment, par	[8],[14],[16],[18],[22],[23]	$ 27,130,000
Investment, due date	[8],[14],[16],[18],[22],[23]	2026-09
Initial Acquisition Date	[8],[14],[16],[18],[22],[23]	Sep. 30, 2015
Reference Rate	[8],[14],[16],[18],[22],[23]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[14],[16],[18],[22],[23]	11.42%				11.42%		11.42%		11.42%		11.42%
Interest Rate, PIK	[8],[14],[16],[18],[22],[23]	10.93%				10.93%		10.93%		10.93%		10.93%
Investment at amortized cost	[8],[11],[14],[16],[18],[22],[23]	$ 26,300,000
Total investments at fair value	[8],[14],[16],[18],[21],[22],[23]	$ 19,195,000
Percentage of Net Assets	[8],[14],[16],[23]	1.30%				1.30%		1.30%		1.30%		1.30%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,171 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25 % Interest Rate 10.38% (incl. 9.88% PIK)
Investment, par	[1],[3],[5]			$ 27,171,000
Investment, due date	[1],[3],[5]			2026-09
Initial Acquisition Date	[1],[3],[5]			Sep. 30, 2015
Reference Rate	[1],[3],[5]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[3],[5]			10.38%										10.38%		10.38%		10.38%		10.38%
Interest Rate, PIK	[1],[3],[5]			9.88%										9.88%		9.88%		9.88%		9.88%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 26,339,000
Total investments at fair value	[1],[3],[5],[13]			$ 20,922,000
Percentage of Net Assets	[1],[3],[5]			1.60%										1.60%		1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 4.75% PIK
Investment, par	[1],[3],[5],[24]			$ 4,740,000
Investment, due date	[1],[3],[5],[24]			2026-09
Initial Acquisition Date	[1],[3],[5]			Mar. 16, 2021
Reference Rate	[1],[3],[5]			1.00%										1.00%		1.00%		1.00%		1.00%
Interest Rate, PIK	[1],[3],[5]			4.75%										4.75%		4.75%		4.75%		4.75%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 545,000
Total investments at fair value	[1],[3],[5],[13]			$ 71,000
Percentage of Net Assets	[1],[3],[5]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 6.54% PIK
Investment, par	[8],[14],[16],[18],[22],[23]	$ 4,740,000
Investment, due date	[8],[14],[16],[18],[22],[23]	2026-09
Initial Acquisition Date	[8],[14],[16],[18],[22],[23]	Mar. 16, 2021
Reference Rate	[8],[14],[16],[18],[22],[23]	1.00%				1.00%		1.00%		1.00%		1.00%
Interest Rate, PIK	[8],[14],[16],[18],[22],[23]	6.54%				6.54%		6.54%		6.54%		6.54%
Investment at amortized cost	[8],[11],[14],[16],[18],[22],[23]	$ 545,000
Total investments at fair value	[8],[14],[16],[18],[21],[22],[23]	$ 71,000
Percentage of Net Assets	[8],[14],[16],[23]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($25,818 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and Spread SOFR + 9.90% Interest Rate 15.16%
Investment, par	[8],[14],[16],[22]	$ 25,818,000
Investment, due date	[8],[14],[16],[22]	2027-08
Initial Acquisition Date	[8],[14],[16],[22]	Sep. 02, 2022
Reference Rate	[8],[14],[16],[22]	9.90%				9.90%		9.90%		9.90%		9.90%
Interest Rate	[8],[14],[16],[22]	15.16%				15.16%		15.16%		15.16%		15.16%
Investment at amortized cost	[6],[7],[8],[14],[16],[22]	$ 25,254,000
Total investments at fair value	[8],[11],[14],[16],[22]	$ 25,237,000
Percentage of Net Assets	[8],[14],[16],[22]	1.70%				1.70%		1.70%		1.70%		1.70%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($55,000 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and SOFR + 7.90% Interest Rate 12.30%
Investment, par	[1],[3],[5]			$ 55,000,000
Investment, due date	[1],[3],[5]			2027-08
Initial Acquisition Date	[1],[3],[5]			Sep. 02, 2022
Reference Rate	[1],[3],[5]			7.90%										7.90%		7.90%		7.90%		7.90%
Interest Rate	[1],[3],[5]			12.30%										12.30%		12.30%		12.30%		12.30%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 53,696,000
Total investments at fair value	[1],[3],[5],[13]			$ 53,900,000
Percentage of Net Assets	[1],[3],[5]			4.00%										4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Roll Up DIP term loan ($28,343 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99% (incl. 12.99% PIK)
Investment, par	[8],[14],[16],[22]	$ 28,343,000
Investment, due date	[8],[14],[16],[22]	2023-08
Initial Acquisition Date	[8],[14],[16],[22]	Apr. 24, 2023
Reference Rate	[8],[14],[16],[22]	7.90%				7.90%		7.90%		7.90%		7.90%
Interest Rate	[8],[14],[16],[22]	12.99%				12.99%		12.99%		12.99%		12.99%
Interest Rate, PIK	[8],[14],[16],[22]	12.99%				12.99%		12.99%		12.99%		12.99%
Investment at amortized cost	[6],[7],[8],[14],[16],[22]	$ 28,010,000
Total investments at fair value	[8],[11],[14],[16],[22]	$ 27,706,000
Percentage of Net Assets	[8],[14],[16],[22]	1.90%				1.90%		1.90%		1.90%		1.90%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Super-Priority DIP term loan ($5,592 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99%
Investment, par	[8],[14],[16],[22]	$ 5,592,000
Investment, due date	[8],[14],[16],[22]	2023-08
Initial Acquisition Date	[8],[14],[16],[22]	Apr. 24, 2023
Reference Rate	[8],[14],[16],[22]	7.90%				7.90%		7.90%		7.90%		7.90%
Interest Rate	[8],[14],[16],[22]	12.99%				12.99%		12.99%		12.99%		12.99%
Investment at amortized cost	[6],[7],[8],[14],[16],[22]	$ 5,567,000
Total investments at fair value	[8],[11],[14],[16],[22]	$ 5,467,000
Percentage of Net Assets	[8],[14],[16],[22]	0.40%				0.40%		0.40%		0.40%		0.40%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($32,907 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and SOFR + 8.75% Interest Rate 13.27%
Investment, par	[1],[3],[5]			$ 32,907,000
Investment, due date	[1],[3],[5]			2028-07
Initial Acquisition Date	[1],[3],[5]			Jul. 25, 2022
Reference Rate	[1],[3],[5]			8.75%										8.75%		8.75%		8.75%		8.75%
Interest Rate	[1],[3],[5]			13.27%										13.27%		13.27%		13.27%		13.27%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 32,091,000
Total investments at fair value	[1],[3],[5],[13]			$ 32,135,000
Percentage of Net Assets	[1],[3],[5]			2.40%										2.40%		2.40%		2.40%		2.40%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($42,717 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and Spread SOFR + 9.25% Interest Rate 14.16%
Investment, par	[8],[14],[16]	$ 42,717,000
Investment, due date	[8],[14],[16]	2028-07
Initial Acquisition Date	[8],[14],[16]	Jul. 25, 2022
Reference Rate	[8],[14],[16]	9.25%				9.25%		9.25%		9.25%		9.25%
Interest Rate	[8],[14],[16]	14.16%				14.16%		14.16%		14.16%		14.16%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 41,829,000
Total investments at fair value	[8],[11],[14],[16]	$ 42,382,000
Percentage of Net Assets	[8],[14],[16]	2.90%				2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($56,400 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 10.76%
Investment, par	[1],[3],[4],[5]			$ 56,400,000
Investment, due date	[1],[3],[4],[5]			2026-12
Initial Acquisition Date	[1],[3],[4],[5]			Dec. 20, 2021
Reference Rate	[1],[3],[4],[5]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[3],[4],[5]			10.76%										10.76%		10.76%		10.76%		10.76%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 55,414,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 55,272,000
Percentage of Net Assets	[1],[3],[4],[5]			4.10%										4.10%		4.10%		4.10%		4.10%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($57,701 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 12.70%
Investment, par	[8],[14],[15],[16],[18]	$ 57,701,000
Investment, due date	[8],[14],[15],[16],[18]	2026-12
Initial Acquisition Date	[8],[14],[15],[16],[18]	Dec. 20, 2021
Reference Rate	[8],[14],[15],[16],[18]	7.65%				7.65%		7.65%		7.65%		7.65%
Interest Rate	[8],[14],[15],[16],[18]	12.70%				12.70%		12.70%		12.70%		12.70%
Investment at amortized cost	[8],[11],[14],[15],[16],[18]	$ 56,817,000
Total investments at fair value	[8],[14],[15],[16],[18],[21]	$ 57,846,000
Percentage of Net Assets	[8],[14],[15],[16]	4.00%				4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC ABL FILO term loan ($73,125 par, due 5/2026) Initial Acquisition Date 11/8/2021 Reference Rate and Spread L + 8.00% Interest Rate 12.41%
Investment, par	[1],[3],[5]			$ 73,125,000
Investment, due date	[1],[3],[5]			2026-05
Initial Acquisition Date	[1],[3],[5]			Nov. 08, 2021
Reference Rate	[1],[3],[5]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[1],[3],[5]			12.41%										12.41%		12.41%		12.41%		12.41%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 71,976,000
Total investments at fair value	[1],[3],[5],[13]			$ 72,943,000
Percentage of Net Assets	[1],[3],[5]			5.40%										5.40%		5.40%		5.40%		5.40%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC, ABL FILO term loan ($72,188 par, due 5/2026) Initial Acquisition Date 11/08/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Investment, par	[3],[14],[16]	$ 72,188,000
Investment, due date	[8],[14],[16]	2026-05
Initial Acquisition Date	[8],[14],[16]	Nov. 08, 2021
Reference Rate	[8],[14],[16]	8.10%				8.10%		8.10%		8.10%		8.10%
Interest Rate	[8],[14],[16]	13.20%				13.20%		13.20%		13.20%		13.20%
Investment at amortized cost	[6],[7],[8],[14],[16]	$ 71,195,000
Total investments at fair value	[8],[11],[14],[16]	$ 73,270,000
Percentage of Net Assets	[8],[14],[16]	5.00%				5.00%		5.00%		5.00%		5.00%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($44,674 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread L + 6.75% Interest Rate 10.49%
Investment, par	[1],[3],[4],[5]			$ 44,674,000
Investment, due date	[1],[3],[4],[5]			2027-12
Initial Acquisition Date	[1],[3],[4],[5]			Dec. 01, 2021
Reference Rate	[1],[3],[4],[5]			6.75%										6.75%		6.75%		6.75%		6.75%
Interest Rate	[1],[3],[4],[5]			10.49%										10.49%		10.49%		10.49%		10.49%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 43,752,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 42,997,000
Percentage of Net Assets	[1],[3],[4],[5]			3.20%										3.20%		3.20%		3.20%		3.20%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($46,945 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.67%
Total investments at fair value	[8],[11],[14],[15],[16]	$ 50,336,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($51,233 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread SOFR + 6.85% Interest Rate 12.02%
Investment, par	[8],[14],[15],[16]	$ 51,233,000
Investment, due date	[8],[14],[15],[16]	2027-12
Initial Acquisition Date	[8],[14],[15],[16]	Dec. 01, 2021
Reference Rate	[1],[8],[15],[16]	6.85%				6.85%		6.85%		6.85%		6.85%
Interest Rate	[8],[14],[15],[16]	12.02%				12.02%		12.02%		12.02%		12.02%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 50,464,000
Percentage of Net Assets	[8],[14],[15],[16]	3.40%				3.40%		3.40%		3.40%		3.40%
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien revolving loan ($12 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread P + 6.75% Interest Rate 15.00%
Investment, par	[8],[14],[15],[16],[18]	$ 12,000
Investment, due date	[8],[14],[15],[16],[18]	2027-12
Initial Acquisition Date	[8],[14],[15],[16]	Dec. 01, 2021
Reference Rate	[8],[14],[15],[16]	6.85%				6.85%		6.85%		6.85%		6.85%
Interest Rate	[8],[14],[15],[16]	15.00%				15.00%		15.00%		15.00%		15.00%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ (57,000)
Total investments at fair value	[8],[11],[14],[15],[16]	$ (53,000)
Percentage of Net Assets	[8],[14],[15],[16]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027 Initial Acquisition Date 11/12/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.41%
Investment, due date	[8],[14],[15],[16]	2027-11
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027 Initial Acquisition Date 11/12/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Investment, par	[8],[14],[15],[16]	$ 35,139,000
Initial Acquisition Date	[8],[14],[15],[16]	Nov. 12, 2021
Reference Rate	[8],[14],[15],[16]	6.40%				6.40%		6.40%		6.40%		6.40%
Interest Rate	[8],[14],[15],[16]	11.49%				11.49%		11.49%		11.49%		11.49%
Investment at amortized cost	[6],[7],[8],[14],[15],[16]	$ 34,153,000
Total investments at fair value	[8],[11],[14],[15],[16]	$ 34,726,000
Percentage of Net Assets	[8],[14],[15],[16]	2.40%				2.40%		2.40%		2.40%		2.40%
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027) Initial Acquisition Date 11/12/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.41%
Investment, par	[1],[3],[4]			$ 35,139,000
Investment, due date	[1],[3],[4]			2027-11
Initial Acquisition Date	[1],[3],[4]			Nov. 12, 2021
Reference Rate	[1],[3],[4]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[3],[4]			11.41%										11.41%		11.41%		11.41%		11.41%
Investment at amortized cost	[1],[3],[4],[9],[10]			$ 34,043,000
Total investments at fair value	[1],[3],[4],[13]			$ 33,901,000
Percentage of Net Assets	[1],[3],[4]			2.50%										2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Derivative Interest Rate Swap
Notional Amount		$ 652,500,000		$ 802,500,000
Fair Market Value		2,150,000		2,472,000
Upfront (Payments) / Receipts		71,000		2,380,000
Change in Unrealized Gains / (Losses)		47,815,000		(55,965,000)
Investment, Identifier [Axis]: Education
Investment at amortized cost	[1],[3],[5]			156,892,000
Total investments at fair value	[1],[3],[5]			$ 152,403,000
Percentage of Net Assets	[1],[3],[5]			11.30%										11.30%		11.30%		11.30%		11.30%
Investment, Identifier [Axis]: Education Astra Acquisition Corp Second Lien loan (43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread L+8.88% Interest Rate13.26%
Investment, par	[1],[3],[5]			$ 43,479,000
Investment, due date	[1],[3],[5]			2029-10
Initial Acquisition Date	[1],[3],[5]			Oct. 25, 2021
Reference Rate	[1],[3],[5]			8.88%										8.88%		8.88%		8.88%		8.88%
Interest Rate	[1],[3],[5]			13.26%										13.26%		13.26%		13.26%		13.26%
Investment at amortized cost	[1],[3],[5]			$ 42,743,000
Total investments at fair value	[1],[3],[5]			$ 40,762,000
Percentage of Net Assets	[1],[3],[5]			3.00%										3.00%		3.00%		3.00%		3.00%
Investment, Identifier [Axis]: Education Destiny Solutions Parent First lien loan (60,000 par, due 6/2026) Initial Acquisition Date 6/08/2021 Reference Rate and Spread 5.75% Interest Rate 10.13%
Investment, par	[1],[3],[4],[5]			$ 60,000,000
Investment, due date	[1],[3],[4],[5]			2026-06
Initial Acquisition Date	[1],[3],[4],[5]			Jun. 08, 2021
Reference Rate	[1],[3],[4],[5]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[1],[3],[4],[5]			10.13%										10.13%		10.13%		10.13%		10.13%
Investment at amortized cost	[1],[3],[4],[5]			$ 59,046,000
Total investments at fair value	[1],[3],[4],[5]			$ 58,350,000
Percentage of Net Assets	[1],[3],[4],[5]			4.30%										4.30%		4.30%		4.30%		4.30%
Investment, Identifier [Axis]: Education EMS Linq Inc First lien loan (56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread 6.25% Interest Rate 10.63%
Investment, par	[1],[3],[5]			$ 56,216,000
Investment, due date	[1],[3],[5]			2027-12
Initial Acquisition Date	[1],[3],[5]			Dec. 22, 2021
Reference Rate	[1],[3],[5]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[3],[5]			10.63%										10.63%		10.63%		10.63%		10.63%
Investment at amortized cost	[1],[3],[5]			$ 55,103,000
Total investments at fair value	[1],[3],[5]			$ 53,291,000
Percentage of Net Assets	[1],[3],[5]			4.00%										4.00%		4.00%		4.00%		4.00%
Investment, Identifier [Axis]: Equity and Other Investments
Investment at amortized cost	[10]	196,601,000	[6],[7],[13]	$ 195,169,000	[1],[3],[9]
Total investments at fair value	[1]	$ 208,890,000	[8],[11]	$ 219,111,000	[3],[13]
Percentage of Net Assets		15.00%	[8],[14]	16.80%	[1],[3]	15.00%	[8],[14]	15.00%	[8],[14]	15.00%	[8],[14]	15.00%	[8],[14]	16.80%	[1],[3]	16.80%	[1],[3]	16.80%	[1],[3]	16.80%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Business Services
Investment at amortized cost		$ 13,239,000	[7],[8],[13],[14]	$ 14,785,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 13,251,000	[8],[14],[20]	$ 17,131,000	[1],[3],[13],[25]
Percentage of Net Assets		0.90%	[8],[14]	1.30%	[1],[3],[25]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	1.30%	[1],[3],[25]	1.30%	[1],[3],[25]	1.30%	[1],[3],[25]	1.30%	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Dye & Durham, Ltd. Common Shares (126,968 shares) Initial Acquisition Date 12/3/2021
Initial Acquisition Date		Dec. 03, 2021	[8],[14],[18],[21]	Dec. 03, 2021	[1],[2],[3],[26]
Investment at amortized cost		$ 3,909,000	[6],[7],[8],[14],[18],[21]	$ 3,909,000	[1],[2],[3],[9],[10],[26]
Total investments at fair value		$ 1,738,000	[8],[11],[14],[18],[21]	$ 1,538,000	[1],[2],[3],[13],[26]	$ 2,299	[8],[11],[14],[18],[21]							$ 2,284	[1],[2],[3],[13],[26]
Percentage of Net Assets		0.10%	[8],[14],[18],[21]	0.10%	[1],[2],[3],[26]	0.10%	[8],[14],[18],[21]	0.10%	[8],[14],[18],[21]	0.10%	[8],[14],[18],[21]	0.10%	[8],[14],[18],[21]	0.10%	[1],[2],[3],[26]	0.10%	[1],[2],[3],[26]	0.10%	[1],[2],[3],[26]	0.10%	[1],[2],[3],[26]
Investment, shares | shares		126,968	[8],[14],[18],[21]	126,968	[1],[2],[3],[26]	126,968	[8],[14],[18],[21]	126,968	[8],[14],[18],[21]	126,968	[8],[14],[18],[21]	126,968	[8],[14],[18],[21]	126,968	[1],[2],[3],[26]	126,968	[1],[2],[3],[26]	126,968	[1],[2],[3],[26]	126,968	[1],[2],[3],[26]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Mitnick TA Aggregator, LP Membership Interest (0.43% ownership) Initial Acquisition Date 5/2/2022
Initial Acquisition Date		May 02, 2022	[8],[14],[27],[28]	May 02, 2022	[1],[3],[25]
Investment at amortized cost		$ 5,243,000	[6],[7],[8],[14],[27],[28]	$ 5,243,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 5,243,000	[8],[11],[14],[27],[28]	$ 5,243,000	[1],[3],[13],[25]
Percentage of Net Assets		0.40%	[8],[14],[27],[28]	0.40%	[1],[3],[25]	0.40%	[8],[14],[27],[28]	0.40%	[8],[14],[27],[28]	0.40%	[8],[14],[27],[28]	0.40%	[8],[14],[27],[28]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]
Partnership/Membership interest of ownership		0.43%	[8],[14],[27],[28]	0.43%	[1],[3],[25]	0.43%	[8],[14],[27],[28]	0.43%	[8],[14],[27],[28]	0.43%	[8],[14],[27],[28]	0.43%	[8],[14],[27],[28]	0.43%	[1],[3],[25]	0.43%	[1],[3],[25]	0.43%	[1],[3],[25]	0.43%	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-1 Units (567,683 units) Initial Acquisition Date 11/23/2021
Initial Acquisition Date		Nov. 23, 2021	[8],[14],[27],[28]	Nov. 23, 2021	[1],[3],[25],[29]
Investment at amortized cost		$ 1,120,000	[6],[7],[8],[14],[27],[28]	$ 1,120,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 1,512,000	[8],[11],[14],[27],[28]	$ 1,512,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.10%	[8],[14],[27],[28]	0.10%	[1],[3],[25],[29]	0.10%	[8],[14],[27],[28]	0.10%	[8],[14],[27],[28]	0.10%	[8],[14],[27],[28]	0.10%	[8],[14],[27],[28]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]
Investment, shares | shares		567,683	[8],[14],[27],[28]	567,683	[1],[3],[25],[29]	567,683	[8],[14],[27],[28]	567,683	[8],[14],[27],[28]	567,683	[8],[14],[27],[28]	567,683	[8],[14],[27],[28]	567,683	[1],[3],[25],[29]	567,683	[1],[3],[25],[29]	567,683	[1],[3],[25],[29]	567,683	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-2 Units (2,580 units) Initial Acquisition Date 6/21/2022
Initial Acquisition Date		Jun. 21, 2022	[8],[14],[27],[28]	Jun. 21, 2022	[1],[3],[25],[29]
Investment at amortized cost		$ 6,000	[6],[7],[8],[14],[27],[28]	$ 6,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 9,000	[8],[11],[14],[27],[28]	$ 9,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.00%	[8],[14],[27],[28]	0.00%	[1],[3],[25],[29]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]
Investment, shares | shares		2,580	[8],[14],[27],[28]	2,580	[1],[3],[25],[29]	2,580	[8],[14],[27],[28]	2,580	[8],[14],[27],[28]	2,580	[8],[14],[27],[28]	2,580	[8],[14],[27],[28]	2,580	[1],[3],[25],[29]	2,580	[1],[3],[25],[29]	2,580	[1],[3],[25],[29]	2,580	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (343,382 shares) Initial Acquisition Date 6/24/2021
Initial Acquisition Date	[8],[14],[21],[28]	Jun. 24, 2021
Investment at amortized cost	[6],[7],[8],[14],[21],[28]	$ 2,961,000
Total investments at fair value	[8],[11],[14],[21],[28]	$ 4,749,000
Percentage of Net Assets	[8],[14],[21],[28]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, shares | shares	[8],[14],[21],[28]	343,382				343,382		343,382		343,382		343,382
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (484,700 shares) Initial Acquisition Date 6/24/2021
Initial Acquisition Date	[1],[3],[25],[26]			Jun. 24, 2021
Investment at amortized cost	[1],[3],[9],[10],[25],[26]			$ 4,180,000
Total investments at fair value	[1],[3],[13],[25],[26]			$ 3,960,000
Percentage of Net Assets	[1],[3],[25],[26]			0.30%										0.30%		0.30%		0.30%		0.30%
Investment, shares | shares	[1],[3],[25],[26]			484,700										484,700		484,700		484,700		484,700
Investment, Identifier [Axis]: Equity and Other Investments Business Services WideOrbit, Inc. 1,567,807 Warrants Initial Acquisition Date 7/8/2020
Initial Acquisition Date	[1],[3],[25]			Jul. 08, 2020
Investment at amortized cost	[1],[3],[9],[10],[25]			$ 327,000
Total investments at fair value	[1],[3],[13],[25]			$ 4,869,000
Percentage of Net Assets	[1],[3],[25]			0.40%										0.40%		0.40%		0.40%		0.40%
Investment, shares | shares	[1],[3],[25]			1,567,807										1,567,807		1,567,807		1,567,807		1,567,807
Investment, Identifier [Axis]: Equity and Other Investments Communications
Investment at amortized cost		$ 6,174,000	[6],[7],[8],[14]	$ 6,174,000	[1],[3],[9],[10]
Total investments at fair value		$ 5,436,000	[8],[11],[14]	$ 4,967,000	[1],[3],[13]
Percentage of Net Assets		0.30%	[8],[14]	0.30%	[1],[3]	0.30%	[8],[14]	0.30%	[8],[14]	0.30%	[8],[14]	0.30%	[8],[14]	0.30%	[1],[3]	0.30%	[1],[3]	0.30%	[1],[3]	0.30%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Communications Celtra Technologies, Inc. Class A Units (1,250,000 units) Initial Acquisition Date 11/19/2021
Initial Acquisition Date		Nov. 19, 2021	[8],[14],[28]	Nov. 19, 2021	[1],[3],[25]
Investment at amortized cost		$ 1,250,000	[6],[7],[8],[14],[28]	$ 1,250,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 1,250,000	[8],[11],[14],[28]	$ 1,250,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		1,250,000	[8],[14],[28]	1,250,000	[1],[3],[25]	1,250,000	[8],[14],[28]	1,250,000	[8],[14],[28]	1,250,000	[8],[14],[28]	1,250,000	[8],[14],[28]	1,250,000	[1],[3],[25]	1,250,000	[1],[3],[25]	1,250,000	[1],[3],[25]	1,250,000	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 106,592 Warrants Initial Acquisition Date 4/8/2021
Initial Acquisition Date		Apr. 08, 2021	[8],[14],[28]	Apr. 08, 2021	[1],[3],[25]
Percentage of Net Assets		0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]
Investment, shares | shares		106,592	[8],[14],[28]	106,592	[1],[3],[25]	106,592	[8],[14],[28]	106,592	[8],[14],[28]	106,592	[8],[14],[28]	106,592	[8],[14],[28]	106,592	[1],[3],[25]	106,592	[1],[3],[25]	106,592	[1],[3],[25]	106,592	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 280,000 Warrants Initial Acquisition Date 2/28/2020
Initial Acquisition Date		Feb. 28, 2020	[8],[14],[28]	Feb. 28, 2020	[1],[3],[25]
Investment at amortized cost		$ 183,000	[6],[7],[8],[14],[28]	$ 183,000	[1],[3],[9],[10],[25]
Percentage of Net Assets		0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]
Investment, shares | shares		280,000	[8],[14],[28]	280,000	[1],[3],[25]	280,000	[8],[14],[28]	280,000	[8],[14],[28]	280,000	[8],[14],[28]	280,000	[8],[14],[28]	280,000	[1],[3],[25]	280,000	[1],[3],[25]	280,000	[1],[3],[25]	280,000	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series C Preferred Shares (1,816,295 shares) Initial Acquisition Date 4/8/2021
Initial Acquisition Date		Apr. 08, 2021	[8],[14],[28]	Apr. 08, 2021	[1],[3],[25]
Investment at amortized cost		$ 1,816,000	[6],[7],[8],[14],[28]	$ 1,816,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 2,021,000	[8],[11],[14],[28]	$ 1,794,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		1,816,295	[8],[14],[28]	1,816,295	[1],[3],[25]	1,816,295	[8],[14],[28]	1,816,295	[8],[14],[28]	1,816,295	[8],[14],[28]	1,816,295	[8],[14],[28]	1,816,295	[1],[3],[25]	1,816,295	[1],[3],[25]	1,816,295	[1],[3],[25]	1,816,295	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series D Preferred Shares (1,598,874 shares) Initial Acquisition Date 4/8/2021
Initial Acquisition Date		Apr. 08, 2021	[8],[14],[28]	Apr. 08, 2021	[1],[3],[25]
Investment at amortized cost		$ 2,925,000	[6],[7],[8],[14],[28]	$ 2,925,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 2,165,000	[8],[11],[14],[28]	$ 1,923,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		1,598,874	[8],[14],[28]	1,598,874	[1],[3],[25]	1,598,874	[8],[14],[28]	1,598,874	[8],[14],[28]	1,598,874	[8],[14],[28]	1,598,874	[8],[14],[28]	1,598,874	[1],[3],[25]	1,598,874	[1],[3],[25]	1,598,874	[1],[3],[25]	1,598,874	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Education
Investment at amortized cost		$ 9,778,000	[6],[7],[8],[14]	$ 9,778,000	[1],[3],[9],[10]
Total investments at fair value		$ 6,703,000	[8],[11],[14]	$ 8,508,000	[1],[3],[13]
Percentage of Net Assets		0.40%	[8],[14]	0.70%	[1],[3]	0.40%	[8],[14]	0.40%	[8],[14]	0.40%	[8],[14]	0.40%	[8],[14]	0.70%	[1],[3]	0.70%	[1],[3]	0.70%	[1],[3]	0.70%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Education Astra 2L Holdings II LLC Membership Interest (10.17% ownership) Initial Acquisition Date 1/13/2022
Initial Acquisition Date		Jan. 13, 2022	[8],[14],[28]	Jan. 13, 2022	[1],[3],[25],[30]
Investment at amortized cost		$ 3,255,000	[6],[7],[8],[14],[28]	$ 3,255,000	[1],[3],[9],[10],[25],[30]
Total investments at fair value		$ 610,000	[8],[11],[14],[28]	$ 2,555,000	[1],[3],[13],[25],[30]
Percentage of Net Assets		0.00%	[8],[14],[28]	0.20%	[1],[3],[25],[30]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.20%	[1],[3],[25],[30]	0.20%	[1],[3],[25],[30]	0.20%	[1],[3],[25],[30]	0.20%	[1],[3],[25],[30]
Partnership/Membership interest of ownership		10.17%	[8],[14],[28]	10.17%	[1],[3],[25],[30]	10.17%	[8],[14],[28]	10.17%	[8],[14],[28]	10.17%	[8],[14],[28]	10.17%	[8],[14],[28]	10.17%	[1],[3],[25],[30]	10.17%	[1],[3],[25],[30]	10.17%	[1],[3],[25],[30]	10.17%	[1],[3],[25],[30]
Investment, Identifier [Axis]: Equity and Other Investments Education EMS Linq, Inc. Class B Units (5,522,526 units) Initial Acquisition Date 12/22/2021
Initial Acquisition Date		Dec. 22, 2021	[8],[14],[28]	Dec. 22, 2021	[1],[3],[25]
Investment at amortized cost		$ 5,523,000	[6],[7],[8],[14],[28]	$ 5,523,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 4,763,000	[8],[11],[14],[28]	$ 4,763,000	[1],[3],[13],[25]
Percentage of Net Assets		0.30%	[8],[14],[28]	0.40%	[1],[3],[25]	0.30%	[8],[14],[28]	0.30%	[8],[14],[28]	0.30%	[8],[14],[28]	0.30%	[8],[14],[28]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]	0.40%	[1],[3],[25]
Investment, shares | shares		5,522,526	[8],[14],[28]	5,522,526	[1],[3],[25]	5,522,526	[8],[14],[28]	5,522,526	[8],[14],[28]	5,522,526	[8],[14],[28]	5,522,526	[8],[14],[28]	5,522,526	[1],[3],[25]	5,522,526	[1],[3],[25]	5,522,526	[1],[3],[25]	5,522,526	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Education RMCF IV CIV XXXV, LP. Partnership Interest (11.94% ownership) Initial Acquisition Date 6/8/2021
Initial Acquisition Date		Jun. 08, 2021	[8],[14],[28]	Jun. 08, 2021	[1],[3],[25]
Investment at amortized cost		$ 1,000,000	[6],[7],[8],[14],[28]	$ 1,000,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 1,330,000	[8],[11],[14],[28]	$ 1,190,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[8],[14],[28]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Partnership/Membership interest of ownership		11.94%	[8],[14],[28]	11.94%	[1],[3],[25]	11.94%	[8],[14],[28]	11.94%	[8],[14],[28]	11.94%	[8],[14],[28]	11.94%	[8],[14],[28]	11.94%	[1],[3],[25]	11.94%	[1],[3],[25]	11.94%	[1],[3],[25]	11.94%	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services
Investment at amortized cost		$ 5,742,000	[8],[11],[14],[16],[31]	$ 5,997,000	[1],[3],[9],[10]
Total investments at fair value		$ 8,775,000	[8],[14],[21],[31]	$ 7,516,000	[1],[3],[13]
Percentage of Net Assets		0.50%	[8],[14]	0.50%	[1],[3]	0.50%	[8],[14]	0.50%	[8],[14]	0.50%	[8],[14]	0.50%	[8],[14]	0.50%	[1],[3]	0.50%	[1],[3]	0.50%	[1],[3]	0.50%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (150,541 shares) Initial Acquisition Date 10/15/2021
Initial Acquisition Date	[8],[14],[21],[28]	Oct. 15, 2021
Investment at amortized cost	[6],[7],[8],[14],[21],[28]	$ 767,000
Total investments at fair value	[8],[11],[14],[21],[28]	$ 1,563,000
Percentage of Net Assets	[8],[14],[21],[28]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, shares | shares	[8],[14],[21],[28]	150,541				150,541		150,541		150,541		150,541
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (200,721 shares) Initial Acquisition Date 10/15/2021
Initial Acquisition Date	[1],[3],[25],[26]			Oct. 15, 2021
Investment at amortized cost	[1],[3],[9],[10],[25],[26]			$ 1,022,000
Total investments at fair value	[1],[3],[13],[25],[26]			$ 1,995,000
Percentage of Net Assets	[1],[3],[25],[26]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, shares | shares	[1],[3],[25],[26]			200,721										200,721		200,721		200,721		200,721
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Newport Parent Holdings, LP Class A-2 Units (131,569 units) Initial Acquisition Date 12/10/2020
Initial Acquisition Date		Dec. 10, 2020	[8],[14],[28]	Dec. 10, 2020	[1],[3],[30]
Investment at amortized cost		$ 4,177,000	[6],[7],[8],[14],[28]	$ 4,177,000	[1],[3],[10],[13],[30]
Total investments at fair value		$ 6,600,000	[8],[11],[14],[28]	$ 4,845,000	[1],[3],[20],[30]
Percentage of Net Assets		0.40%	[8],[14],[28]	0.40%	[1],[3],[30]	0.40%	[8],[14],[28]	0.40%	[8],[14],[28]	0.40%	[8],[14],[28]	0.40%	[8],[14],[28]	0.40%	[1],[3],[30]	0.40%	[1],[3],[30]	0.40%	[1],[3],[30]	0.40%	[1],[3],[30]
Investment, shares | shares		131,569	[8],[14],[28]	131,569	[1],[3],[30]	131,569	[8],[14],[28]	131,569	[8],[14],[28]	131,569	[8],[14],[28]	131,569	[8],[14],[28]	131,569	[1],[3],[30]	131,569	[1],[3],[30]	131,569	[1],[3],[30]	131,569	[1],[3],[30]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Oxford Square Capital Corp. Common Shares (1,620 shares) Initial Acquisition Date 8/5/2015
Initial Acquisition Date		Aug. 05, 2015	[8],[14],[18],[21]	Aug. 05, 2015	[1],[2],[3],[26]
Investment at amortized cost		$ 6,000	[6],[7],[8],[14],[18],[21]	$ 6,000	[1],[2],[3],[9],[10],[26]
Total investments at fair value		$ 4,000	[8],[11],[14],[18],[21]	$ 5,000	[1],[2],[3],[13],[26]
Percentage of Net Assets		0.00%	[8],[14],[18],[21]	0.00%	[1],[2],[3],[26]	0.00%	[8],[14],[18],[21]	0.00%	[8],[14],[18],[21]	0.00%	[8],[14],[18],[21]	0.00%	[8],[14],[18],[21]	0.00%	[1],[2],[3],[26]	0.00%	[1],[2],[3],[26]	0.00%	[1],[2],[3],[26]	0.00%	[1],[2],[3],[26]
Investment, shares | shares		1,620	[8],[14],[18],[21]	1,620	[1],[2],[3],[26]	1,620	[8],[14],[18],[21]	1,620	[8],[14],[18],[21]	1,620	[8],[14],[18],[21]	1,620	[8],[14],[18],[21]	1,620	[1],[2],[3],[26]	1,620	[1],[2],[3],[26]	1,620	[1],[2],[3],[26]	1,620	[1],[2],[3],[26]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Passport Labs, Inc. 17,534 Warrants Initial Acquisition Date 4/28/2021
Initial Acquisition Date		Apr. 28, 2021	[8],[14],[28]	Apr. 28, 2021	[1],[3],[25]
Investment at amortized cost		$ 192,000	[6],[7],[8],[14],[28]	$ 192,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 8,000	[8],[11],[14],[28]	$ 71,000	[1],[3],[13],[25]
Percentage of Net Assets		0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[8],[14],[28]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]
Investment, shares | shares		17,534	[8],[14],[28]	17,534	[1],[3],[25]	17,534	[8],[14],[28]	17,534	[8],[14],[28]	17,534	[8],[14],[28]	17,534	[8],[14],[28]	17,534	[1],[3],[25]	17,534	[1],[3],[25]	17,534	[1],[3],[25]	17,534	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services TradingScreen, Inc. Class A Units (600,000 units) Initial Acquisition Date 5/14/2021
Initial Acquisition Date		May 14, 2021	[8],[14],[27],[28]	May 14, 2021	[1],[3],[25],[29]
Investment at amortized cost		$ 600,000	[6],[7],[8],[14],[27],[28]	$ 600,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 600,000	[8],[11],[14],[27],[28]	$ 600,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.00%	[8],[14],[27],[28]	0.00%	[1],[3],[25],[29]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[8],[14],[27],[28]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]	0.00%	[1],[3],[25],[29]
Investment, shares | shares		600,000	[8],[14],[27],[28]	600,000	[1],[3],[25],[29]	600,000	[8],[14],[27],[28]	600,000	[8],[14],[27],[28]	600,000	[8],[14],[27],[28]	600,000	[8],[14],[27],[28]	600,000	[1],[3],[25],[29]	600,000	[1],[3],[25],[29]	600,000	[1],[3],[25],[29]	600,000	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare
Investment at amortized cost		$ 23,419,000	[8],[11],[14],[16],[31]	$ 21,389,000	[1],[3],[9],[10]
Total investments at fair value		$ 24,392,000	[8],[14],[21],[31]	$ 22,104,000	[1],[3],[13]
Percentage of Net Assets		1.60%	[8],[14]	1.60%	[1],[3]	1.60%	[8],[14]	1.60%	[8],[14]	1.60%	[8],[14]	1.60%	[8],[14]	1.60%	[1],[3]	1.60%	[1],[3]	1.60%	[1],[3]	1.60%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 569,991 Warrants Initial Acquisition Date 4/2/2020
Initial Acquisition Date		Apr. 02, 2020	[8],[14],[31]	Apr. 02, 2020	[1],[3],[25]
Investment at amortized cost		$ 250,000	[8],[11],[14],[16],[31]	$ 250,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 852,000	[8],[14],[21],[31]	$ 959,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		569,991	[8],[14],[31]	569,991	[1],[3],[25]	569,991	[8],[14],[31]	569,991	[8],[14],[31]	569,991	[8],[14],[31]	569,991	[8],[14],[31]	569,991	[1],[3],[25]	569,991	[1],[3],[25]	569,991	[1],[3],[25]	569,991	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 633,376 Warrants Initial Acquisition Date 9/21/2018
Initial Acquisition Date		Sep. 21, 2018	[8],[14],[31]	Sep. 21, 2018	[1],[3],[25]
Investment at amortized cost		$ 192,000	[8],[11],[14],[16],[31]	$ 192,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 1,150,000	[8],[14],[21],[31]	$ 1,270,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		633,376	[8],[14],[31]	633,376	[1],[3],[25]	633,376	[8],[14],[31]	633,376	[8],[14],[31]	633,376	[8],[14],[31]	633,376	[8],[14],[31]	633,376	[1],[3],[25]	633,376	[1],[3],[25]	633,376	[1],[3],[25]	633,376	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series C Preferred Shares (362,319 shares) Initial Acquisition Date 10/13/2020
Initial Acquisition Date		Oct. 13, 2020	[8],[14],[31]	Oct. 13, 2020	[1],[3],[25]
Investment at amortized cost		$ 1,000,000	[8],[11],[14],[16],[31]	$ 1,000,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 1,242,000	[8],[14],[21],[31]	$ 1,310,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		362,319	[8],[14],[28]	362,319	[1],[3],[25]	362,319	[8],[14],[28]	362,319	[8],[14],[28]	362,319	[8],[14],[28]	362,319	[8],[14],[28]	362,319	[1],[3],[25]	362,319	[1],[3],[25]	362,319	[1],[3],[25]	362,319	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series D Preferred Shares (1,240,740 shares) Initial Acquisition Date 5/11/2021
Initial Acquisition Date		May 11, 2021	[8],[14],[31]	May 11, 2021	[1],[3],[25]
Investment at amortized cost		$ 10,050,000	[8],[11],[14],[16],[31]	$ 10,050,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 9,221,000	[8],[14],[21],[31]	$ 8,668,000	[1],[3],[13],[25]
Percentage of Net Assets		0.60%	[8],[14]	0.60%	[1],[3],[25]	0.60%	[8],[14]	0.60%	[8],[14]	0.60%	[8],[14]	0.60%	[8],[14]	0.60%	[1],[3],[25]	0.60%	[1],[3],[25]	0.60%	[1],[3],[25]	0.60%	[1],[3],[25]
Investment, shares | shares		1,240,740	[8],[14],[31]	1,240,740	[1],[3],[25]	1,240,740	[8],[14],[31]	1,240,740	[8],[14],[31]	1,240,740	[8],[14],[31]	1,240,740	[8],[14],[31]	1,240,740	[1],[3],[25]	1,240,740	[1],[3],[25]	1,240,740	[1],[3],[25]	1,240,740	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Initial Acquisition Date	[8],[14],[23],[27]	Jun. 30, 2022
Investment at amortized cost	[8],[11],[14],[16],[23],[27]	$ 9,897,000
Total investments at fair value	[8],[14],[21],[23],[27]	$ 9,897,000
Percentage of Net Assets	[8],[14]	0.70%				0.70%		0.70%		0.70%		0.70%
Investment, shares | shares	[8],[14],[23],[27]	989,691				989,691		989,691		989,691		989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P. 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Initial Acquisition Date	[1],[3],[25],[29],[30]			Jun. 30, 2022
Investment at amortized cost	[1],[3],[9],[10],[25],[29],[30]			$ 9,897,000
Total investments at fair value	[1],[3],[13],[25],[29],[30]			$ 9,897,000
Percentage of Net Assets	[1],[3],[25],[29],[30]			0.70%										0.70%		0.70%		0.70%		0.70%
Investment, shares | shares	[1],[3],[25],[29],[30]			989,691										989,691		989,691		989,691		989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class A Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class B Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[25],[30]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class C Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class D Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class E Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class F Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class G Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class H Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class I Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[11],[14],[16],[27],[31]	$ 203,000
Total investments at fair value	[8],[14],[21],[27],[31]	$ 203,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Ordinary Shares Initial Acquisition Date 3/24/2023
Initial Acquisition Date	[8],[14],[27],[31]	Mar. 24, 2023
Investment at amortized cost	[8],[14],[28],[30]	$ 203,000
Total investments at fair value	[8],[14],[25],[30]	$ 203,000
Percentage of Net Assets	[8],[14],[25],[30]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[27],[31]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure
Investment at amortized cost	[6],[7],[8],[14]	$ 21,942,000
Total investments at fair value	[8],[11],[14]	$ 15,164,000
Percentage of Net Assets	[8],[14]	1.00%				1.00%		1.00%		1.00%		1.00%
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Initial Acquisition Date	[8],[14],[28],[32]	Dec. 21, 2018
Investment at amortized cost	[6],[7],[8],[14],[28],[32]	$ 21,842,000
Total investments at fair value	[8],[11],[14],[28],[32]	$ 15,121,000
Percentage of Net Assets	[8],[14]	1.00%				1.00%		1.00%		1.00%		1.00%
Investment, shares | shares	[8],[12],[14],[26]	33,790,171				33,790,171		33,790,171		33,790,171		33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Initial Acquisition Date	[8],[14],[28],[32]	Dec. 21, 2018
Investment at amortized cost	[6],[7],[8],[14],[28],[32]	$ 100,000
Total investments at fair value	[8],[11],[14],[28],[32]	$ 43,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[8],[14],[28],[32]	8,800,000				8,800,000		8,800,000		8,800,000		8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure
Investment at amortized cost	[1],[3],[9],[10]			$ 21,942,000
Total investments at fair value	[1],[3],[13]			$ 24,456,000
Percentage of Net Assets	[1],[3]			1.80%										1.80%		1.80%		1.80%		1.80%
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Initial Acquisition Date	[1],[3],[12],[25]			Dec. 21, 2018
Investment at amortized cost	[1],[3],[9],[10],[12],[25]			$ 21,842,000
Total investments at fair value	[1],[3],[12],[13],[25]			$ 24,413,000
Percentage of Net Assets	[1],[3],[12],[25]			1.80%										1.80%		1.80%		1.80%		1.80%
Investment, shares | shares	[1],[3],[12],[25]			33,790,171										33,790,171		33,790,171		33,790,171		33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Initial Acquisition Date	[1],[3],[12],[25]			Dec. 21, 2018
Investment at amortized cost	[1],[3],[9],[10],[12],[25]			$ 100,000
Total investments at fair value	[1],[3],[12],[13],[25]			$ 43,000
Percentage of Net Assets	[1],[3],[12],[25]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[1],[3],[12],[25]			8,800,000										8,800,000		8,800,000		8,800,000		8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services
Investment at amortized cost		$ 11,669,000	[6],[7],[8],[14],[18],[28]	$ 11,669,000	[1],[3],[9],[10]
Total investments at fair value		$ 15,485,000	[8],[11],[14],[18],[28]	$ 15,357,000	[1],[3],[13]
Percentage of Net Assets		1.10%	[8],[14]	1.20%	[1],[3]	1.10%	[8],[14]	1.10%	[8],[14]	1.10%	[8],[14]	1.10%	[8],[14]	1.20%	[1],[3]	1.20%	[1],[3]	1.20%	[1],[3]	1.20%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc . Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Initial Acquisition Date	[1],[2],[3],[25],[29]			May 05, 2021
Investment at amortized cost	[1],[2],[3],[9],[10],[25],[29]			$ 3,780,000
Total investments at fair value	[1],[2],[3],[13],[25],[29]			$ 4,262,000
Percentage of Net Assets	[1],[2],[3],[25],[29]			0.30%										0.30%		0.30%		0.30%		0.30%
Investment, shares | shares	[1],[2],[3],[25],[29]			3,780,000										3,780,000		3,780,000		3,780,000		3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc. Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Initial Acquisition Date	[8],[14],[18],[27],[28]	May 05, 2021
Investment at amortized cost	[6],[7],[8],[14],[18],[27],[28]	$ 3,780,000
Total investments at fair value	[8],[11],[14],[18],[27],[28]	$ 3,837,000
Percentage of Net Assets	[8],[14]	0.30%				0.30%		0.30%		0.30%		0.30%
Investment, shares | shares	[8],[14],[18],[27],[28]	3,780,000				3,780,000		3,780,000		3,780,000		3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Bswift LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Initial Acquisition Date	[1],[3],[25],[30]			Nov. 07, 2022
Investment at amortized cost	[1],[3],[9],[10],[25],[30]			$ 2,394,000
Total investments at fair value	[1],[3],[13],[25],[30]			$ 2,394,000
Percentage of Net Assets	[1],[3],[25],[30]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, shares | shares	[1],[3],[25],[30]			2,393,509										2,393,509		2,393,509		2,393,509		2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services ClearCompany, LLC Series A Preferred Units (1,429,228 units) Initial Acquisition Date 8/24/2018
Initial Acquisition Date		Aug. 24, 2018	[8],[14],[27],[28]	Aug. 24, 2018	[1],[3],[25],[29]
Investment at amortized cost		$ 2,014,000	[6],[7],[8],[14],[27],[28]	$ 2,014,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 4,985,000	[8],[11],[14],[27],[28]	$ 4,869,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.30%	[8],[14]	0.40%	[1],[3],[25],[29]	0.30%	[8],[14]	0.30%	[8],[14]	0.30%	[8],[14]	0.30%	[8],[14]	0.40%	[1],[3],[25],[29]	0.40%	[1],[3],[25],[29]	0.40%	[1],[3],[25],[29]	0.40%	[1],[3],[25],[29]
Investment, shares | shares		1,429,228	[8],[14],[27],[28]	1,429,228	[1],[3],[25],[29]	1,429,228	[8],[14],[27],[28]	1,429,228	[8],[14],[27],[28]	1,429,228	[8],[14],[27],[28]	1,429,228	[8],[14],[27],[28]	1,429,228	[1],[3],[25],[29]	1,429,228	[1],[3],[25],[29]	1,429,228	[1],[3],[25],[29]	1,429,228	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services DaySmart Holdings, LLC Class A Units (166,811 units) Initial Acquisition Date 10/1/2019
Initial Acquisition Date		Oct. 01, 2019	[8],[14],[27],[28]	Oct. 01, 2019	[1],[3],[25],[29]
Investment at amortized cost		$ 1,347,000	[6],[7],[8],[14],[27],[28]	$ 1,347,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 1,953,000	[8],[11],[14],[27],[28]	$ 1,798,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25],[29]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]	0.10%	[1],[3],[25],[29]
Investment, shares | shares		166,811	[8],[14],[27],[28]	166,811	[1],[3],[25],[29]	166,811	[8],[14],[27],[28]	166,811	[8],[14],[27],[28]	166,811	[8],[14],[27],[28]	166,811	[8],[14],[27],[28]	166,811	[1],[3],[25],[29]	166,811	[1],[3],[25],[29]	166,811	[1],[3],[25],[29]	166,811	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. Series E Preferred Shares (113,250 shares) Initial Acquisition Date 3/1/2022
Initial Acquisition Date		Mar. 01, 2022	[8],[14],[18],[28]	Mar. 01, 2022	[1],[2],[3],[25],[30]
Investment at amortized cost		$ 2,134,000	[6],[7],[8],[14],[18],[28]	$ 2,134,000	[1],[2],[3],[9],[10],[25],[30]
Total investments at fair value		$ 2,316,000	[8],[11],[14],[18],[28]	$ 2,034,000	[1],[2],[3],[13],[25],[30]							$ 3,480	[8],[11],[14],[18],[28]							$ 3,164	[1],[2],[3],[13],[25],[30]
Percentage of Net Assets		0.20%	[8],[14]	0.20%	[1],[2],[3],[25],[30]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[1],[2],[3],[25],[30]	0.20%	[1],[2],[3],[25],[30]	0.20%	[1],[2],[3],[25],[30]	0.20%	[1],[2],[3],[25],[30]
Investment, shares | shares		113,250	[8],[14],[18],[28]	113,250	[1],[2],[3],[25],[30]	113,250	[8],[14],[18],[28]	113,250	[8],[14],[18],[28]	113,250	[8],[14],[18],[28]	113,250	[8],[14],[18],[28]	113,250	[1],[2],[3],[25],[30]	113,250	[1],[2],[3],[25],[30]	113,250	[1],[2],[3],[25],[30]	113,250	[1],[2],[3],[25],[30]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services bswift, LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Initial Acquisition Date	[8],[14],[28],[31]	Nov. 07, 2022
Investment at amortized cost	[6],[7],[8],[14],[28],[31]	$ 2,394,000
Total investments at fair value	[8],[11],[14],[28],[31]	$ 2,394,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, shares | shares	[8],[14],[28],[31]	2,393,509				2,393,509		2,393,509		2,393,509		2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Internet Services
Investment at amortized cost		$ 17,629,000	[6],[7],[8],[14]	$ 17,629,000	[1],[3],[9],[10]
Total investments at fair value		$ 16,673,000	[8],[11],[14]	$ 16,673,000	[1],[3],[13]
Percentage of Net Assets		1.20%	[8],[14]	1.20%	[1],[3]	1.20%	[8],[14]	1.20%	[8],[14]	1.20%	[8],[14]	1.20%	[8],[14]	1.20%	[1],[3]	1.20%	[1],[3]	1.20%	[1],[3]	1.20%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Bayshore Intermediate #2, L.P. Common Units (12,330,709 units) Initial Acquisition Date 10/1/2021
Initial Acquisition Date		Oct. 01, 2021	[8],[14],[27],[28]	Oct. 01, 2021	[1],[3],[25],[29]
Investment at amortized cost		$ 12,331,000	[6],[7],[8],[14],[27],[28]	$ 12,331,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 11,375,000	[8],[11],[14],[27],[28]	$ 11,375,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.80%	[8],[14]	0.80%	[1],[3],[25],[29]	0.80%	[8],[14]	0.80%	[8],[14]	0.80%	[8],[14]	0.80%	[8],[14]	0.80%	[1],[3],[25],[29]	0.80%	[1],[3],[25],[29]	0.80%	[1],[3],[25],[29]	0.80%	[1],[3],[25],[29]
Investment, shares | shares		12,330,709	[8],[14],[27],[28]	12,330,709	[1],[3],[25],[29]	12,330,709	[8],[14],[27],[28]	12,330,709	[8],[14],[27],[28]	12,330,709	[8],[14],[27],[28]	12,330,709	[8],[14],[27],[28]	12,330,709	[1],[3],[25],[29]	12,330,709	[1],[3],[25],[29]	12,330,709	[1],[3],[25],[29]	12,330,709	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Lucidworks, Inc. Series F Preferred Shares (199,054 shares) Initial Acquisition Date 8/2/2019
Initial Acquisition Date		Aug. 02, 2019	[8],[14],[28]	Aug. 02, 2019	[1],[3],[25]
Investment at amortized cost		$ 800,000	[6],[7],[8],[14],[28]	$ 800,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 800,000	[8],[11],[14],[28]	$ 800,000	[1],[3],[13],[25]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]	0.10%	[1],[3],[25]
Investment, shares | shares		199,054	[8],[14],[28]	199,054	[1],[3],[25]	199,054	[8],[14],[28]	199,054	[8],[14],[28]	199,054	[8],[14],[28]	199,054	[8],[14],[28]	199,054	[1],[3],[25]	199,054	[1],[3],[25]	199,054	[1],[3],[25]	199,054	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-1 Preferred Shares (418,527 shares) Initial Acquisition Date 12/22/2021
Initial Acquisition Date		Dec. 22, 2021	[8],[14],[28]	Dec. 22, 2021	[1],[3],[25]
Investment at amortized cost		$ 3,000,000	[6],[7],[8],[14],[28]	$ 3,000,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 3,000,000	[8],[11],[14],[28]	$ 3,000,000	[1],[3],[13],[25]
Percentage of Net Assets		0.20%	[8],[14]	0.20%	[1],[3],[25]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[1],[3],[25]	0.20%	[1],[3],[25]	0.20%	[1],[3],[25]	0.20%	[1],[3],[25]
Investment, shares | shares		418,527	[8],[14],[28]	418,527	[1],[3],[25]	418,527	[8],[14],[28]	418,527	[8],[14],[28]	418,527	[8],[14],[28]	418,527	[8],[14],[28]	418,527	[1],[3],[25]	418,527	[1],[3],[25]	418,527	[1],[3],[25]	418,527	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-2 Preferred Shares (27,588 shares) Initial Acquisition Date 11/18/2022
Initial Acquisition Date		Nov. 18, 2022	[8],[14],[28]	Nov. 18, 2022	[1],[3],[25]
Investment at amortized cost		$ 198,000	[6],[7],[8],[14],[28]	$ 198,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 198,000	[8],[11],[14],[28]	$ 198,000	[1],[3],[13],[25]
Percentage of Net Assets		0.00%	[8],[14]	0.00%	[1],[3],[25]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]
Investment, shares | shares		27,588	[8],[14],[28]	27,588	[1],[3],[25],[30]	27,588	[8],[14],[28]	27,588	[8],[14],[28]	27,588	[8],[14],[28]	27,588	[8],[14],[28]	27,588	[1],[3],[25],[30]	27,588	[1],[3],[25],[30]	27,588	[1],[3],[25],[30]	27,588	[1],[3],[25],[30]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class A Units (1,300 shares) Initial Acquisition Date 11/21/2022
Initial Acquisition Date		Nov. 21, 2022	[8],[14],[28],[31]	Nov. 21, 2022	[1],[3],[25],[30]
Investment at amortized cost		$ 1,300,000	[6],[7],[8],[14],[28],[31]	$ 1,300,000	[1],[3],[9],[10],[25],[30]
Total investments at fair value		$ 1,300,000	[8],[11],[14],[28],[31]	$ 1,300,000	[1],[3],[13],[25],[30]
Percentage of Net Assets		0.10%	[8],[14]	0.10%	[1],[3],[25],[30]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[8],[14]	0.10%	[1],[3],[25],[30]	0.10%	[1],[3],[25],[30]	0.10%	[1],[3],[25],[30]	0.10%	[1],[3],[25],[30]
Investment, shares | shares		1,300	[8],[14],[28],[31]	1,300	[1],[3],[25],[30]	1,300	[8],[14],[28],[31]	1,300	[8],[14],[28],[31]	1,300	[8],[14],[28],[31]	1,300	[8],[14],[28],[31]	1,300	[1],[3],[25],[30]	1,300	[1],[3],[25],[30]	1,300	[1],[3],[25],[30]	1,300	[1],[3],[25],[30]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class B Units (923,250 shares) Initial Acquisition Date 11/21/2022
Initial Acquisition Date		Nov. 21, 2022	[8],[14],[28],[31]	Nov. 21, 2022	[1],[3],[25],[30]
Percentage of Net Assets		0.00%	[8],[14]	0.00%	[1],[3],[25],[30]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[1],[3],[25],[30]	0.00%	[1],[3],[25],[30]	0.00%	[1],[3],[25],[30]	0.00%	[1],[3],[25],[30]
Investment, shares | shares		923,250	[8],[14],[28],[31]	923,250	[1],[3],[25],[30]	923,250	[8],[14],[28],[31]	923,250	[8],[14],[28],[31]	923,250	[8],[14],[28],[31]	923,250	[8],[14],[28],[31]	923,250	[1],[3],[25],[30]	923,250	[1],[3],[25],[30]	923,250	[1],[3],[25],[30]	923,250	[1],[3],[25],[30]
Investment, Identifier [Axis]: Equity and Other Investments Marketing Services Validity, Inc. Series A Preferred Shares (3,840,000 shares) Initial Acquisition Date 5/31/2018
Initial Acquisition Date		May 31, 2018	[8],[14],[28]	May 31, 2018	[1],[3],[25]
Investment at amortized cost		$ 3,840,000	[6],[7],[8],[14],[28]	$ 3,840,000	[1],[3],[9],[10],[25]
Total investments at fair value		$ 10,944,000	[8],[11],[14],[28]	$ 11,520,000	[1],[3],[13],[25]
Percentage of Net Assets		0.70%	[8],[14]	0.90%	[1],[3],[25]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.90%	[1],[3],[25]	0.90%	[1],[3],[25]	0.90%	[1],[3],[25]	0.90%	[1],[3],[25]
Investment, shares | shares		3,840,000	[8],[14],[28]	3,840,000	[1],[3],[25]	3,840,000	[8],[14],[28]	3,840,000	[8],[14],[28]	3,840,000	[8],[14],[28]	3,840,000	[8],[14],[28]	3,840,000	[1],[3],[25]	3,840,000	[1],[3],[25]	3,840,000	[1],[3],[25]	3,840,000	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels
Investment at amortized cost		$ 21,449,000	[6],[7],[8],[14]	$ 21,422,000	[1],[3],[9],[10]
Total investments at fair value		$ 24,357,000	[8],[11],[14]	$ 23,293,000	[1],[3],[13]
Percentage of Net Assets		1.60%	[8],[14]	1.80%	[1],[3]	1.60%	[8],[14]	1.60%	[8],[14]	1.60%	[8],[14]	1.60%	[8],[14]	1.80%	[1],[3]	1.80%	[1],[3]	1.80%	[1],[3]	1.80%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC 13,355 Preferred Units Initial Acquisition Date 6/30/2022
Initial Acquisition Date		Jun. 30, 2022	[8],[14],[27],[31]	Jun. 30, 2022	[1],[3],[29],[30]
Investment at amortized cost		$ 13,355,000	[6],[7],[8],[14],[27],[31]	$ 13,355,000	[1],[3],[9],[10],[29],[30]
Total investments at fair value		$ 13,856,000	[8],[11],[14],[27],[31]	$ 13,088,000	[1],[3],[13],[29],[30]
Percentage of Net Assets		0.90%	[8],[14]	1.00%	[1],[3],[29],[30]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	1.00%	[1],[3],[29],[30]	1.00%	[1],[3],[29],[30]	1.00%	[1],[3],[29],[30]	1.00%	[1],[3],[29],[30]
Investment, shares | shares		13,355	[8],[14],[27],[31]	13,355	[1],[3],[29],[30]	13,355	[8],[14],[27],[31]	13,355	[8],[14],[27],[31]	13,355	[8],[14],[27],[31]	13,355	[8],[14],[27],[31]	13,355	[1],[3],[29],[30]	13,355	[1],[3],[29],[30]	13,355	[1],[3],[29],[30]	13,355	[1],[3],[29],[30]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels TRP Assets, LLC Partnership Interest (1.89% ownership) Initial Acquisition Date 8/25/2022
Initial Acquisition Date		Aug. 25, 2022	[8],[14],[27],[28],[31]	Aug. 25, 2022	[1],[3],[25],[29],[30]
Investment at amortized cost		$ 8,094,000	[6],[7],[8],[14],[27],[28],[31]	$ 8,067,000	[1],[3],[9],[10],[25],[29],[30]
Total investments at fair value		$ 10,501,000	[8],[11],[14],[27],[28],[31]	$ 10,205,000	[1],[3],[13],[25],[29],[30]
Percentage of Net Assets		0.70%	[8],[14]	0.80%	[1],[3],[25],[29],[30]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.80%	[1],[3],[25],[29],[30]	0.80%	[1],[3],[25],[29],[30]	0.80%	[1],[3],[25],[29],[30]	0.80%	[1],[3],[25],[29],[30]
Partnership/Membership interest of ownership		1.89%	[8],[14],[27],[28],[31]	1.89%	[1],[3],[25],[29],[30]	1.89%	[8],[14],[27],[28],[31]	1.89%	[8],[14],[27],[28],[31]	1.89%	[8],[14],[27],[28],[31]	1.89%	[8],[14],[27],[28],[31]	1.89%	[1],[3],[25],[29],[30]	1.89%	[1],[3],[25],[29],[30]	1.89%	[1],[3],[25],[29],[30]	1.89%	[1],[3],[25],[29],[30]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals
Investment at amortized cost	[1],[3],[9],[10]			$ 1,437,000
Total investments at fair value	[1],[3],[13]			$ 365,000
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 14,256 Warrants Initial Acquisition Date 8/5/2020
Initial Acquisition Date		Aug. 05, 2020	[8],[14],[18],[28]	Aug. 05, 2020	[1],[2],[3],[25]
Investment at amortized cost		$ 1,029,000	[6],[7],[8],[14],[18],[28]	$ 1,028,000	[1],[2],[3],[9],[10],[25]
Percentage of Net Assets		0.00%	[8],[14]	0.00%	[1],[2],[3],[25]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[1],[2],[3],[25]	0.00%	[1],[2],[3],[25]	0.00%	[1],[2],[3],[25]	0.00%	[1],[2],[3],[25]
Investment, shares | shares		14,256	[8],[14],[18],[28]	14,256	[1],[2],[3],[25]	14,256	[8],[14],[18],[28]	14,256	[8],[14],[18],[28]	14,256	[8],[14],[18],[28]	14,256	[8],[14],[18],[28]	14,256	[1],[2],[3],[25]	14,256	[1],[2],[3],[25]	14,256	[1],[2],[3],[25]	14,256	[1],[2],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 65,250 Warrants Initial Acquisition Date 7/29/2022
Initial Acquisition Date	[1],[2],[3],[25]			Jul. 29, 2022
Investment at amortized cost	[1],[2],[3],[9],[10],[25]			$ 409,000
Total investments at fair value	[1],[2],[3],[13],[25]			$ 365,000
Percentage of Net Assets	[1],[2],[3],[25]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, shares | shares	[1],[2],[3],[25],[30]			65,250										65,250		65,250		65,250		65,250
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products
Investment at amortized cost		$ 5,735,000	[6],[7],[8],[14]	$ 6,041,000	[1],[3],[9],[10]
Total investments at fair value		$ 13,527,000	[8],[11],[14]	$ 15,795,000	[1],[3],[13]
Percentage of Net Assets		0.90%	[8],[14]	1.10%	[1],[3]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	0.90%	[8],[14]	1.10%	[1],[3]	1.10%	[1],[3]	1.10%	[1],[3]	1.10%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products American Achievement, Corp. Class A Units (687 units) Initial Acquisition Date 3/16/2021
Initial Acquisition Date		Mar. 16, 2021	[8],[14],[26]	Mar. 16, 2021	[1],[3],[25]
Total investments at fair value		$ 50,000	[8],[14],[26]	$ 50,000	[1],[3],[13],[25]
Percentage of Net Assets		0.00%	[8],[14],[26]	0.00%	[1],[3],[25]	0.00%	[8],[14],[26]	0.00%	[8],[14],[26]	0.00%	[8],[14],[26]	0.00%	[8],[14],[26]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]	0.00%	[1],[3],[25]
Investment, shares | shares		687	[8],[14],[26]	687	[1],[3],[25]	687	[8],[14],[26]	687	[8],[14],[26]	687	[8],[14],[26]	687	[8],[14],[26]	687	[1],[3],[25]	687	[1],[3],[25]	687	[1],[3],[25]	687	[1],[3],[25]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (132,928 Certificates) Initial Acquisition Date 12/7/2020
Initial Acquisition Date		Dec. 07, 2020	[8],[13],[14]	Dec. 07, 2020	[1],[3],[20]
Total investments at fair value	[13]	$ 271,000	[8],[14]	$ 665,000	[1],[3],[20]
Percentage of Net Assets		0.00%	[8],[14]	0.00%	[1],[3],[20]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[8],[14]	0.00%	[1],[3],[20]	0.00%	[1],[3],[20]	0.00%	[1],[3],[20]	0.00%	[1],[3],[20]
Investment, shares | shares		132,928	[8],[13],[14]	132,928	[1],[3],[20]	132,928	[8],[13],[14]	132,928	[8],[13],[14]	132,928	[8],[13],[14]	132,928	[8],[13],[14]	132,928	[1],[3],[20]	132,928	[1],[3],[20]	132,928	[1],[3],[20]	132,928	[1],[3],[20]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (996,958 Certificates) Initial Acquisition Date 1/30/2021
Initial Acquisition Date		Jan. 30, 2021	[8],[13],[14]	Jan. 30, 2021	[1],[3],[20]
Investment at amortized cost		$ 2,735,000	[6],[7],[8],[11],[14]	$ 3,041,000	[1],[3],[9],[10],[20]
Total investments at fair value	[20]	$ 10,468,000	[8],[11],[14]	$ 12,462,000	[1],[3],[13]
Percentage of Net Assets		0.70%	[8],[14]	0.90%	[1],[3],[20]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.70%	[8],[14]	0.90%	[1],[3],[20]	0.90%	[1],[3],[20]	0.90%	[1],[3],[20]	0.90%	[1],[3],[20]
Investment, shares | shares		996,958	[8],[11],[14]	996,958	[1],[3],[20]	996,958	[8],[11],[14]	996,958	[8],[11],[14]	996,958	[8],[11],[14]	996,958	[8],[11],[14]	996,958	[1],[3],[20]	996,958	[1],[3],[20]	996,958	[1],[3],[20]	996,958	[1],[3],[20]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Neuintel, LLC Class A Units (1,176,494 units) Initial Acquisition Date 12/21/2021
Initial Acquisition Date		Dec. 21, 2021	[8],[14],[26],[30]	Dec. 21, 2021	[1],[3],[25],[29]
Investment at amortized cost		$ 3,000,000	[6],[7],[8],[14],[27],[28]	$ 3,000,000	[1],[3],[9],[10],[25],[29]
Total investments at fair value		$ 2,738,000	[8],[14]	$ 2,618,000	[1],[3],[13],[25],[29]
Percentage of Net Assets		0.20%	[8],[14]	0.20%	[1],[3],[25],[29]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[8],[14]	0.20%	[1],[3],[25],[29]	0.20%	[1],[3],[25],[29]	0.20%	[1],[3],[25],[29]	0.20%	[1],[3],[25],[29]
Investment, shares | shares		1,176,494	[8],[14],[26],[30]	1,176,494	[1],[3],[25],[29]	1,176,494	[8],[14],[26],[30]	1,176,494	[8],[14],[26],[30]	1,176,494	[8],[14],[26],[30]	1,176,494	[8],[14],[26],[30]	1,176,494	[1],[3],[25],[29]	1,176,494	[1],[3],[25],[29]	1,176,494	[1],[3],[25],[29]	1,176,494	[1],[3],[25],[29]
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit
Investment at amortized cost	[10]	$ 54,956,000	[6],[7],[13]	$ 53,066,000	[1],[3],[9]
Total investments at fair value	[1]	$ 54,183,000	[8],[11]	$ 51,426,000	[3],[13]
Percentage of Net Assets		4.80%	[8],[14]	4.40%	[1],[3]	4.80%	[8],[14]	4.80%	[8],[14]	4.80%	[8],[14]	4.80%	[8],[14]	4.40%	[1],[3]	4.40%	[1],[3]	4.40%	[1],[3]	4.40%	[1],[3]
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, Structured Product ($1,000 par, due 6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-06
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 26, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.85%										2.85%		2.85%		2.85%		2.85%
Interest Rate	[1],[2],[3],[5],[13]			5.36%										5.36%		5.36%		5.36%		5.36%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 924,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 848,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, StructuredProduct ($1,000par,due6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Investment, par	[8],[14],[16],[18],[20]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-06
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 26, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.85%				2.85%		2.85%		2.85%		2.85%
Interest Rate	[8],[11],[14],[16],[18]	8.11%				8.11%		8.11%		8.11%		8.11%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 959,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 900,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A Structured Product ($1,500 par, due 5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 3.05% Interest Rate 6.06%
Investment, par	[1],[2],[3],[5],[13]			$ 1,500,000
Investment, due date	[1],[2],[3],[5],[13]			2031-05
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 22, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.05%										3.05%		3.05%		3.05%		3.05%
Interest Rate	[1],[2],[3],[5],[13]			6.06%										6.06%		6.06%		6.06%		6.06%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,347,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,309,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A StructuredProduct ($1,500par,due5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+3.05% Interest Rate 8.01%
Investment, par	[8],[11],[14],[16],[18]	$ 1,500,000
Investment, due date	[8],[11],[14],[16],[18]	2031-05
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 22, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.05%				3.05%		3.05%		3.05%		3.05%
Interest Rate	[8],[11],[14],[16],[18]	8.47%				8.47%		8.47%		8.47%		8.47%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,353,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,351,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 6.25% Interest Rate 9.03%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[2],[3],[5],[13]			9.03%										9.03%		9.03%		9.03%		9.03%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 894,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 875,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A StructuredProduct ($1,000par,due4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+6.25% Interest Rate 11.07%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[11],[14],[16],[18]	11.51%				11.51%		11.51%		11.51%		11.51%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 896,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 890,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L + 6.70% Interest Rate 9.21%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 24, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.70%										6.70%		6.70%		6.70%		6.70%
Interest Rate	[1],[2],[3],[5],[13]			9.21%										9.21%		9.21%		9.21%		9.21%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 918,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 881,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E StructuredProduct ($1,000par,due10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L+6.70% Interest Rate 11.49%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 24, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.70%				6.70%		6.70%		6.70%		6.70%
Interest Rate	[8],[11],[14],[16],[18]	11.96%				11.96%		11.96%		11.96%		11.96%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 931,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 915,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500 par, due 4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L + 5.35% Interest Rate 8.13%
Investment, par	[1],[2],[3],[5],[13]			$ 500,000
Investment, due date	[1],[2],[3],[5],[13]			2031-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Oct. 15, 2020
Reference Rate	[1],[2],[3],[5],[13]			5.35%										5.35%		5.35%		5.35%		5.35%
Interest Rate	[1],[2],[3],[5],[13]			8.13%										8.13%		8.13%		8.13%		8.13%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 424,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 383,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500par,due4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L+5.35% Interest Rate 10.17%
Investment, par	[8],[11],[14],[16],[18]	$ 500,000
Investment, due date	[8],[11],[14],[16],[18]	2031-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Oct. 15, 2020
Reference Rate	[8],[11],[14],[16],[18]	5.35%				5.35%		5.35%		5.35%		5.35%
Interest Rate	[8],[11],[14],[16],[18]	10.62%				10.62%		10.62%		10.62%		10.62%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 426,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 398,000
Percentage of Net Assets	[8],[14]	0.00%				0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.30% Interest Rate 5.81%
Investment, par	[1],[2],[3],[5],[13]			$ 1,300,000
Investment, due date	[1],[2],[3],[5],[13]			2034-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 13, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.30%										3.30%		3.30%		3.30%		3.30%
Interest Rate	[1],[2],[3],[5],[13]			5.81%										5.81%		5.81%		5.81%		5.81%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,158,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,158,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300par,due7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.30% Interest Rate 8.09%
Investment, par	[8],[11],[14],[16],[18]	$ 1,300,000
Investment, due date	[8],[11],[14],[16],[18]	2034-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 13, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.30%				3.30%		3.30%		3.30%		3.30%
Interest Rate	[8],[11],[14],[16],[18]	8.56%				8.56%		8.56%		8.56%		8.56%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,162,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,145,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425 par, due 1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L + 2.75% Interest Rate 5.46%
Investment, par	[1],[2],[3],[5],[13]			$ 1,425,000
Investment, due date	[1],[2],[3],[5],[13]			2031-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Sep. 13, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.75%										2.75%		2.75%		2.75%		2.75%
Interest Rate	[1],[2],[3],[5],[13]			5.46%										5.46%		5.46%		5.46%		5.46%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,265,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,214,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425par,due1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L+2.75% Interest Rate 7.56%
Investment, par	[8],[11],[14],[16],[18]	$ 1,425,000
Investment, due date	[8],[11],[14],[16],[18]	2031-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Sep. 13, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.75%				2.75%		2.75%		2.75%		2.75%
Interest Rate	[8],[11],[14],[16],[18]	8.00%				8.00%		8.00%		8.00%		8.00%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,277,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,275,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.85% Interest Rate 6.56%
Investment, par	[1],[2],[3],[5],[13]			$ 2,500,000
Investment, due date	[1],[2],[3],[5],[13]			2034-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 13, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.85%										3.85%		3.85%		3.85%		3.85%
Interest Rate	[1],[2],[3],[5],[13]			6.56%										6.56%		6.56%		6.56%		6.56%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 2,179,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,285,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500par,due7/2024) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.85% Interest Rate 8.66%
Investment, par	[8],[11],[14],[16],[18]	$ 2,500,000
Investment, due date	[8],[11],[14],[16],[18]	2024-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 13, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.85%				3.85%		3.85%		3.85%		3.85%
Interest Rate	[8],[11],[14],[16],[18]	9.10%				9.10%		9.10%		9.10%		9.10%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 2,187,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 2,328,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 6/16/2022 Reference Rate and Spread L + 5.50% Interest Rate 8.24%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 16, 2022
Reference Rate	[1],[2],[3],[5],[13]			5.50%										5.50%		5.50%		5.50%		5.50%
Interest Rate	[1],[2],[3],[5],[13]			8.24%										8.24%		8.24%		8.24%		8.24%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 897,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 850,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000par,due7/2031)Initial Acquisition Date 6/16/2022 Reference Rate and Spread L+5.50% Interest Rate 10.29%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 16, 2022
Reference Rate	[8],[11],[14],[16],[18]	5.50%				5.50%		5.50%		5.50%		5.50%
Interest Rate	[8],[11],[14],[16],[18]	10.76%				10.76%		10.76%		10.76%		10.76%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 900,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 881,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000 par, due 7/2033) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 6.00% Interest Rate 8.51%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2033-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 14, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.00%										6.00%		6.00%		6.00%		6.00%
Interest Rate	[1],[2],[3],[5],[13]			8.51%										8.51%		8.51%		8.51%		8.51%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 879,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 909,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000par,due7/2033)Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+6.00% Interest Rate 10.79%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2033-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 14, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.00%				6.00%		6.00%		6.00%		6.00%
Interest Rate	[8],[11],[14],[16],[18]	11.26%				11.26%		11.26%		11.26%		11.26%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 890,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 924,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L + 6.44% Interest Rate 9.15%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2032-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 30, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.40%										6.40%		6.40%		6.40%		6.40%
Interest Rate	[1],[2],[3],[5],[13]			9.15%										9.15%		9.15%		9.15%		9.15%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 897,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 887,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000par,due7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L+6.44% Interest Rate 11.25%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2032-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 30, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.44%				6.44%		6.44%		6.44%		6.44%
Interest Rate	[8],[11],[14],[16],[18]	11.69%				11.69%		11.69%		11.69%		11.69%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 900,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 910,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2030-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 26, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.90%										2.90%		2.90%		2.90%		2.90%
Interest Rate	[1],[2],[3],[5],[13]			5.41%										5.41%		5.41%		5.41%		5.41%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 892,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 844,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000par,due7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.90% Interest Rate 7.69%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2030-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 26, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.90%				2.90%		2.90%		2.90%		2.90%
Interest Rate	[8],[11],[14],[16],[18]	8.16%				8.16%		8.16%		8.16%		8.16%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 904,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 865,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2016-1, Ltd Structured Product ($1,600par,due4/2034) Initial Acquisition Date 2/15/2023 Reference Rate and Spread L+6.60% Interest Rate 11.41%
Investment, par	[8],[11],[14],[16],[18]	$ 1,600,000
Investment, due date	[8],[11],[14],[16],[18]	2034-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Feb. 15, 2023
Reference Rate	[8],[11],[14],[16],[18]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[11],[14],[16],[18]	11.85%				11.85%		11.85%		11.85%		11.85%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,424,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,407,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550 par, due 4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L + 5.75% Interest Rate 8.46%
Investment, par	[1],[2],[3],[5],[13]			$ 1,550,000
Investment, due date	[1],[2],[3],[5],[13]			2031-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 11, 2020
Reference Rate	[1],[2],[3],[5],[13]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[1],[2],[3],[5],[13]			8.46%										8.46%		8.46%		8.46%		8.46%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,246,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,241,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550par,due4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L+5.75% Interest Rate 10.56%
Investment, par	[8],[11],[14],[16],[18]	$ 1,550,000
Investment, due date	[8],[11],[14],[16],[18]	2031-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 11, 2020
Reference Rate	[8],[11],[14],[16],[18]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[11],[14],[16],[18]	11.00%				11.00%		11.00%		11.00%		11.00%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,255,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,265,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000 par, due 1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L + 4.55% Interest Rate 7.26%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 21, 2022
Reference Rate	[1],[2],[3],[5],[13]			4.55%										4.55%		4.55%		4.55%		4.55%
Interest Rate	[1],[2],[3],[5],[13]			7.26%										7.26%		7.26%		7.26%		7.26%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 861,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 847,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000par,due1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L+4.55% Interest Rate 9.36%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 21, 2022
Reference Rate	[8],[11],[14],[16],[18]	4.55%				4.55%		4.55%		4.55%		4.55%
Interest Rate	[8],[11],[14],[16],[18]	9.80%				9.80%		9.80%		9.80%		9.80%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 869,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 868,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000 par, due 7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L + 6.85% Interest Rate 9.56%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 14, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.85%										6.85%		6.85%		6.85%		6.85%
Interest Rate	[1],[2],[3],[5],[13]			9.56%										9.56%		9.56%		9.56%		9.56%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 900,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 871,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000par,due7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L+6.85% Interest Rate 11.66%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 14, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.85%				6.85%		6.85%		6.85%		6.85%
Interest Rate	[8],[11],[14],[16],[18]	12.10%				12.10%		12.10%		12.10%		12.10%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 902,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 903,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 25, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.85%										2.85%		2.85%		2.85%		2.85%
Interest Rate	[1],[2],[3],[5],[13]			5.36%										5.36%		5.36%		5.36%		5.36%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 900,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 883,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000par,due4/2031)Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 25, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.85%				2.85%		2.85%		2.85%		2.85%
Interest Rate	[8],[11],[14],[16],[18]	8.11%				8.11%		8.11%		8.11%		8.11%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 916,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 886,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500 par, due 7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.24%
Investment, par	[1],[2],[3],[5],[13]			$ 1,500,000
Investment, due date	[1],[2],[3],[5],[13]			2034-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 17, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[2],[3],[5],[13]			9.24%										9.24%		9.24%		9.24%		9.24%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,417,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,307,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500par,due7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.29%
Investment, par	[8],[11],[14],[16],[18]	$ 1,500,000
Investment, due date	[8],[11],[14],[16],[18]	2034-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 17, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[11],[14],[16],[18]	11.76%				11.76%		11.76%		11.76%		11.76%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,439,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,316,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500 par, due 1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.50% Interest Rate 5.21%
Investment, par	[1],[2],[3],[5],[13]			$ 2,500,000
Investment, due date	[1],[2],[3],[5],[13]			2030-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.50%										2.50%		2.50%		2.50%		2.50%
Interest Rate	[1],[2],[3],[5],[13]			5.21%										5.21%		5.21%		5.21%		5.21%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 2,227,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,183,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500par,due1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+2.50% Interest Rate 7.31%
Investment, par	[8],[11],[14],[16],[18]	$ 2,500,000
Investment, due date	[8],[11],[14],[16],[18]	2030-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.50%				2.50%		2.50%		2.50%		2.50%
Interest Rate	[8],[11],[14],[16],[18]	7.75%				7.75%		7.75%		7.75%		7.75%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 2,245,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 2,188,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.76%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 11, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[2],[3],[5],[13]			8.76%										8.76%		8.76%		8.76%		8.76%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 931,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 888,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000par,due10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L+6.25% Interest Rate 11.04%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 11, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[11],[14],[16],[18]	11.51%				11.51%		11.51%		11.51%		11.51%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 934,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 921,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.21%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 17, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.50%										6.50%		6.50%		6.50%		6.50%
Interest Rate	[1],[2],[3],[5],[13]			9.21%										9.21%		9.21%		9.21%		9.21%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 918,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 914,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000par,due4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.31%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 17, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.50%				6.50%		6.50%		6.50%		6.50%
Interest Rate	[8],[11],[14],[16],[18]	11.75%				11.75%		11.75%		11.75%		11.75%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 920,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 947,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015 par, due 7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L + 6.35% Interest Rate 8.86%
Investment, par	[1],[2],[3],[5],[13]			$ 1,015,000
Investment, due date	[1],[2],[3],[5],[13]			2034-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 03, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.35%										6.35%		6.35%		6.35%		6.35%
Interest Rate	[1],[2],[3],[5],[13]			8.86%										8.86%		8.86%		8.86%		8.86%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 932,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 872,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015par,due7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L+6.35% Interest Rate 11.14%
Investment, par	[8],[11],[14],[16],[18]	$ 1,015,000
Investment, due date	[8],[11],[14],[16],[18]	2034-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 03, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.35%				6.35%		6.35%		6.35%		6.35%
Interest Rate	[8],[11],[14],[16],[18]	11.61%				11.61%		11.61%		11.61%		11.61%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 934,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 908,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000 par, due 1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L + 6.36% Interest Rate 8.87%
Investment, par	[1],[2],[3],[5],[13]			$ 2,000,000
Investment, due date	[1],[2],[3],[5],[13]			2037-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Sep. 12, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.36%										6.36%		6.36%		6.36%		6.36%
Interest Rate	[1],[2],[3],[5],[13]			8.87%										8.87%		8.87%		8.87%		8.87%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,799,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,718,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000par,due1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L+6.36% Interest Rate 11.15%
Investment, par	[8],[11],[14],[16],[18]	$ 2,000,000
Investment, due date	[8],[11],[14],[16],[18]	2037-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Sep. 12, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.36%				6.36%		6.36%		6.36%		6.36%
Interest Rate	[8],[11],[14],[16],[18]	11.62%				11.62%		11.62%		11.62%		11.62%
Investment at amortized cost	[6],[7],[8],[11],[14],[16],[18]	$ 1,832,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,750,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.55% Interest Rate 6.26%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.55%										3.55%		3.55%		3.55%		3.55%
Interest Rate	[1],[2],[3],[5],[13]			6.26%										6.26%		6.26%		6.26%		6.26%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 901,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 870,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000par,due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.55% Interest Rate 8.36%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.55%				3.55%		3.55%		3.55%		3.55%
Interest Rate	[8],[11],[14],[16],[18]	8.80%				8.80%		8.80%		8.80%		8.80%
Investment at amortized cost	[8],[11],[14],[16],[18]	$ 904,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 877,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L + 8.00% Interest Rate 10.17%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2035-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 02, 2022
Reference Rate	[1],[2],[3],[5],[13]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[1],[2],[3],[5],[13]			10.17%										10.17%		10.17%		10.17%		10.17%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 966,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 909,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L+ 8.00% Interest Rate 12.64%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2035-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 02, 2022
Reference Rate	[8],[11],[14],[16],[18]	8.00%				8.00%		8.00%		8.00%		8.00%
Interest Rate	[8],[11],[14],[16],[18]	13.05%				13.05%		13.05%		13.05%		13.05%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 972,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 954,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L + 5.25% Interest Rate 7.76%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2030-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 28, 2022
Reference Rate	[1],[2],[3],[5],[13]			5.25%										5.25%		5.25%		5.25%		5.25%
Interest Rate	[1],[2],[3],[5],[13]			7.76%										7.76%		7.76%		7.76%		7.76%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 881,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 877,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L+ 5.25% Interest Rate 10.04%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2030-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 28, 2022
Reference Rate	[8],[11],[14],[16],[18]	5.25%				5.25%		5.25%		5.25%		5.25%
Interest Rate	[8],[11],[14],[16],[18]	10.51%				10.51%		10.51%		10.51%		10.51%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 894,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 922,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L + 6.20% Interest Rate 8.98%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 13, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.20%										6.20%		6.20%		6.20%		6.20%
Interest Rate	[1],[2],[3],[5],[13]			8.98%										8.98%		8.98%		8.98%		8.98%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 917,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 909,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L+ 6.20% Interest Rate 11.02%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 13, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.20%				6.20%		6.20%		6.20%		6.20%
Interest Rate	[8],[11],[14],[16],[18]	11.46%				11.46%		11.46%		11.46%		11.46%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 918,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 944,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.52% Interest Rate 6.23%
Investment, par	[1],[2],[3],[5],[13]			$ 3,500,000
Investment, due date	[1],[2],[3],[5],[13]			2033-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.52%										3.52%		3.52%		3.52%		3.52%
Interest Rate	[1],[2],[3],[5],[13]			6.23%										6.23%		6.23%		6.23%		6.23%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 3,151,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,971,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.52% Interest Rate 8.33%
Investment, par	[8],[11],[14],[16],[18]	$ 3,500,000
Investment, due date	[8],[11],[14],[16],[18]	2033-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.52%				3.52%		3.52%		3.52%		3.52%
Interest Rate	[8],[11],[14],[16],[18]	8.77%				8.77%		8.77%		8.77%		8.77%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 3,159,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 3,037,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L + 6.05% Interest Rate 8.76%
Investment, par	[1],[2],[3],[5],[13]			$ 1,100,000
Investment, due date	[1],[2],[3],[5],[13]			2031-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 01, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.05%										6.05%		6.05%		6.05%		6.05%
Interest Rate	[1],[2],[3],[5],[13]			8.76%										8.76%		8.76%		8.76%		8.76%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 959,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 828,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L+ 6.05% Interest Rate 10.86%
Investment, par	[8],[11],[14],[16],[18]	$ 1,100,000
Investment, due date	[8],[11],[14],[16],[18]	2031-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 01, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.05%				6.05%		6.05%		6.05%		6.05%
Interest Rate	[8],[11],[14],[16],[18]	11.30%				11.30%		11.30%		11.30%		11.30%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 963,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 892,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L + 6.60% Interest Rate 9.11%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 24, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.60%										6.60%		6.60%		6.60%		6.60%
Interest Rate	[1],[2],[3],[5],[13]			9.11%										9.11%		9.11%		9.11%		9.11%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 924,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 872,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L+ 6.60% Interest Rate 11.39%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 24, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.60%				6.60%		6.60%		6.60%		6.60%
Interest Rate	[8],[11],[14],[16],[18]	11.86%				11.86%		11.86%		11.86%		11.86%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 940,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 896,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018 – 18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L+ 2.70% Interest Rate 7.49%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 26, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.70%				2.70%		2.70%		2.70%		2.70%
Interest Rate	[8],[11],[14],[16],[18]	7.96%				7.96%		7.96%		7.96%		7.96%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 902,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 878,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018-18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L + 2.70% Interest Rate 5.44%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 26, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.70%										2.70%		2.70%		2.70%		2.70%
Interest Rate	[1],[2],[3],[5],[13]			5.44%										5.44%		5.44%		5.44%		5.44%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 890,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 855,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018 – 1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L+ 2.95% Interest Rate 7.76%
Investment, par	[8],[11],[14],[16],[18]	$ 2,800,000
Investment, due date	[8],[11],[14],[16],[18]	2030-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	Sep. 20, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.95%				2.95%		2.95%		2.95%		2.95%
Interest Rate	[8],[11],[14],[16],[18]	8.20%				8.20%		8.20%		8.20%		8.20%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 2,484,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 2,545,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018-1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L + 2.95% Interest Rate 5.66%
Investment, par	[1],[2],[3],[5],[13]			$ 2,800,000
Investment, due date	[1],[2],[3],[5],[13]			2030-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			Sep. 20, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.95%										2.95%		2.95%		2.95%		2.95%
Interest Rate	[1],[2],[3],[5],[13]			5.66%										5.66%		5.66%		5.66%		5.66%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 2,456,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,436,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.20%										0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 6.04%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Sep. 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.33%										3.33%		3.33%		3.33%		3.33%
Interest Rate	[1],[2],[3],[5],[13]			6.04%										6.04%		6.04%		6.04%		6.04%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 863,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 870,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par,due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L+ 3.33% Interest Rate 8.14%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Sep. 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.33%				3.33%		3.33%		3.33%		3.33%
Interest Rate	[8],[11],[14],[16],[18]	8.58%				8.58%		8.58%		8.58%		8.58%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 866,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 867,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par, due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L + 6.58% Interest Rate 9.35%
Investment, par	[1],[2],[3],[5],[13]			$ 2,000,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 31, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.58%										6.58%		6.58%		6.58%		6.58%
Interest Rate	[1],[2],[3],[5],[13]			9.35%										9.35%		9.35%		9.35%		9.35%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,782,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,721,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par,due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L+ 6.58% Interest Rate 11.39%
Investment, par	[8],[11],[14],[16],[18]	$ 2,000,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 31, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.58%				6.58%		6.58%		6.58%		6.58%
Interest Rate	[8],[11],[14],[16],[18]	11.87%				11.87%		11.87%		11.87%		11.87%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 1,782,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,780,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000 par, due 4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L + 6.40% Interest Rate 8.91%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2033-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 22, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.40%										6.40%		6.40%		6.40%		6.40%
Interest Rate	[1],[2],[3],[5],[13]			8.91%										8.91%		8.91%		8.91%		8.91%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 929,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 909,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000par,due4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L+6.40% Interest Rate 11.19%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2033-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 22, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.40%				6.40%		6.40%		6.40%		6.40%
Interest Rate	[8],[11],[14],[16],[18]	11.66%				11.66%		11.66%		11.66%		11.66%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 945,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 934,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 5.84%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 23, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.33%										3.33%		3.33%		3.33%		3.33%
Interest Rate	[1],[2],[3],[5],[13]			5.84%										5.84%		5.84%		5.84%		5.84%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 890,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 855,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000par,due7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+3.33% Interest Rate 8.12%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.33%				3.33%		3.33%		3.33%		3.33%
Interest Rate	[8],[11],[14],[16],[18]	8.59%				8.59%		8.59%		8.59%		8.59%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 895,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 893,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L + 5.65% Interest Rate 8.43%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2031-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Aug. 09, 2022
Reference Rate	[1],[2],[3],[5],[13]			5.65%										5.65%		5.65%		5.65%		5.65%
Interest Rate	[1],[2],[3],[5],[13]			8.43%										8.43%		8.43%		8.43%		8.43%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 896,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 824,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par,due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.47%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Aug. 09, 2022
Reference Rate	[8],[11],[14],[16],[18]	5.65%				5.65%		5.65%		5.65%		5.65%
Interest Rate	[8],[11],[14],[16],[18]	10.91%				10.91%		10.91%		10.91%		10.91%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 900,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 853,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.96%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2032-07
Initial Acquisition Date	[1],[2],[3],[5],[13]			May 25, 2022
Reference Rate	[1],[2],[3],[5],[13]			6.25%										6.25%		6.25%		6.25%		6.25%
Interest Rate	[1],[2],[3],[5],[13]			8.96%										8.96%		8.96%		8.96%		8.96%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 928,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 867,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par,due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L+ 6.25% Interest Rate 11.06%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2032-07
Initial Acquisition Date	[8],[11],[14],[16],[18]	May 25, 2022
Reference Rate	[8],[11],[14],[16],[18]	6.25%				6.25%		6.25%		6.25%		6.25%
Interest Rate	[8],[11],[14],[16],[18]	11.50%				11.50%		11.50%		11.50%		11.50%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 930,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 877,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.60% Interest Rate 5.11%
Investment, par	[1],[2],[3],[5],[13]			$ 1,000,000
Investment, due date	[1],[2],[3],[5],[13]			2030-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 25, 2022
Reference Rate	[1],[2],[3],[5],[13]			2.60%										2.60%		2.60%		2.60%		2.60%
Interest Rate	[1],[2],[3],[5],[13]			5.11%										5.11%		5.11%		5.11%		5.11%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 897,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 888,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par,due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+ 2.60% Interest Rate 7.39%
Investment, par	[8],[11],[14],[16],[18]	$ 1,000,000
Investment, due date	[8],[11],[14],[16],[18]	2030-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 25, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.60%				2.60%		2.60%		2.60%		2.60%
Interest Rate	[8],[11],[14],[16],[18]	7.86%				7.86%		7.86%		7.86%		7.86%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 916,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 889,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par, due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 5.75% Interest Rate 8.26%
Investment, par	[1],[2],[3],[5],[13]			$ 2,750,000
Investment, due date	[1],[2],[3],[5],[13]			2031-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 22, 2022
Reference Rate	[1],[2],[3],[5],[13]			5.75%										5.75%		5.75%		5.75%		5.75%
Interest Rate	[1],[2],[3],[5],[13]			8.26%										8.26%		8.26%		8.26%		8.26%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 2,382,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,166,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par,due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+ 5.75% Interest Rate 10.54%
Investment, par	[8],[11],[14],[16],[18]	$ 2,750,000
Investment, due date	[8],[11],[14],[16],[18]	2031-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 22, 2022
Reference Rate	[8],[11],[14],[16],[18]	5.75%				5.75%		5.75%		5.75%		5.75%
Interest Rate	[8],[11],[14],[16],[18]	11.01%				11.01%		11.01%		11.01%		11.01%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 2,406,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 2,221,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125 par, due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L + 3.35% Interest Rate 6.13%
Investment, par	[1],[2],[3],[5],[13]			$ 1,125,000
Investment, due date	[1],[2],[3],[5],[13]			2034-10
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 12, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.35%										3.35%		3.35%		3.35%		3.35%
Interest Rate	[1],[2],[3],[5],[13]			6.13%										6.13%		6.13%		6.13%		6.13%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,005,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,056,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125par,due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L+ 3.35% Interest Rate 8.17%
Investment, par	[8],[11],[14],[16],[18]	$ 1,125,000
Investment, due date	[8],[11],[14],[16],[18]	2034-10
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 12, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.35%				3.35%		3.35%		3.35%		3.35%
Interest Rate	[8],[11],[14],[16],[18]	8.62%				8.62%		8.62%		8.62%		8.62%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 1,010,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,077,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500 par, due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and SpEquity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500 par, due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%read L + 2.90% Interest Rate 5.41%
Reference Rate	[1],[2],[3],[5],[13]			2.90%										2.90%		2.90%		2.90%		2.90%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500 par, due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Investment, par	[1],[2],[3],[5],[13]			$ 1,500,000
Investment, due date	[1],[2],[3],[5],[13]			2031-01
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jun. 23, 2022
Interest Rate	[1],[2],[3],[5],[13]			5.41%										5.41%		5.41%		5.41%		5.41%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,347,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,293,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.00%										0.00%		0.00%		0.00%		0.00%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500par,due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+ 2.90% Interest Rate 7.69%
Investment, par	[8],[11],[14],[16],[18]	$ 1,500,000
Investment, due date	[8],[11],[14],[16],[18]	2031-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jun. 23, 2022
Reference Rate	[8],[11],[14],[16],[18]	2.90%				2.90%		2.90%		2.90%		2.90%
Interest Rate	[8],[11],[14],[16],[18]	8.16%				8.16%		8.16%		8.16%		8.16%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 1,385,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,295,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000 par, due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 3.72% Interest Rate 6.46%
Investment, par	[1],[2],[3],[5],[13]			$ 3,000,000
Investment, due date	[1],[2],[3],[5],[13]			2036-04
Initial Acquisition Date	[1],[2],[3],[5],[13]			Jul. 14, 2022
Reference Rate	[1],[2],[3],[5],[13]			3.72%										3.72%		3.72%		3.72%		3.72%
Interest Rate	[1],[2],[3],[5],[13]			6.46%										6.46%		6.46%		6.46%		6.46%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 2,617,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 2,624,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000par,due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+ 3.72% Interest Rate 8.51%
Investment, par	[8],[11],[14],[16],[18]	$ 3,000,000
Investment, due date	[8],[11],[14],[16],[18]	2036-04
Initial Acquisition Date	[8],[11],[14],[16],[18]	Jul. 14, 2022
Reference Rate	[8],[11],[14],[16],[18]	3.72%				3.72%		3.72%		3.72%		3.72%
Interest Rate	[8],[11],[14],[16],[18]	8.98%				8.98%		8.98%		8.98%		8.98%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 2,626,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 2,732,000
Percentage of Net Assets	[8],[14]	0.20%				0.20%		0.20%		0.20%		0.20%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000 par, due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L + 5.65% Interest Rate 6.46%
Investment, par	[1],[2],[3],[5],[26]			$ 2,000,000
Investment, due date	[1],[2],[3],[5],[26]			2031-01
Initial Acquisition Date	[1],[2],[3],[5],[26]			Dec. 12, 2022
Reference Rate	[1],[2],[3],[5],[13]			5.65%										5.65%		5.65%		5.65%		5.65%
Interest Rate	[1],[2],[3],[5],[13]			6.46%										6.46%		6.46%		6.46%		6.46%
Investment at amortized cost	[1],[2],[3],[5],[9],[10],[13]			$ 1,680,000
Total investments at fair value	[1],[2],[3],[5],[13]			$ 1,659,000
Percentage of Net Assets	[1],[2],[3],[5],[13]			0.10%										0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000par,due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.46%
Investment, par	[8],[11],[14],[16],[18]	$ 2,000,000
Investment, due date	[8],[11],[14],[16],[18]	2031-01
Initial Acquisition Date	[8],[11],[14],[16],[18]	Dec. 12, 2022
Reference Rate	[8],[11],[14],[16],[18]	5.65%				5.65%		5.65%		5.65%		5.65%
Interest Rate	[8],[11],[14],[16],[18]	10.90%				10.90%		10.90%		10.90%		10.90%
Investment at amortized cost	[7],[8],[11],[13],[14],[16],[18]	$ 1,704,000
Total investments at fair value	[8],[11],[14],[16],[18]	$ 1,679,000
Percentage of Net Assets	[8],[14]	0.10%				0.10%		0.10%		0.10%		0.10%
Investment, Identifier [Axis]: Financial Services BTRS Holdings Inc First lien loan (45,180 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate Spread 8.00% Interest Rate 12.50%
Investment, par	[1],[3],[5]			$ 45,180,000
Investment, due date	[1],[3],[5]			2028-12
Initial Acquisition Date	[1],[3],[5]			Dec. 16, 2022
Reference Rate	[1],[3],[5]			8.00%										8.00%		8.00%		8.00%		8.00%
Interest Rate	[1],[3],[5]			12.50%										12.50%		12.50%		12.50%		12.50%
Investment at amortized cost	[1],[3],[5],[9],[10]			$ 43,688,000
Total investments at fair value	[1],[3],[5],[13]			$ 43,465,000
Percentage of Net Assets	[1],[3],[5]			3.20%										3.20%		3.20%		3.20%		3.20%
Investment, Identifier [Axis]: Financial Services Bear OpCo LLC First lien loan (20,169 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate Spread 7.65% Interest Rate 11.97%
Investment, par	[1],[3],[4],[5]			$ 20,169,000
Investment, due date	[1],[3],[4],[5]			2024-10
Initial Acquisition Date	[1],[3],[4],[5]			Oct. 10, 2019
Reference Rate	[1],[3],[4],[5]			7.65%										7.65%		7.65%		7.65%		7.65%
Interest Rate	[1],[3],[4],[5]			11.97%										11.97%		11.97%		11.97%		11.97%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 19,953,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 20,169,000
Percentage of Net Assets	[1],[3],[4],[5]			1.50%										1.50%		1.50%		1.50%		1.50%
Investment, Identifier [Axis]: Financial Services BlueSnap, Inc First lien loan (42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate Spread 6.75% Interest Rate 11.48%
Investment, par	[1],[3],[4],[5]			$ 42,000,000
Investment, due date	[1],[3],[4],[5]			2024-10
Initial Acquisition Date	[1],[3],[4],[5]			Oct. 25, 2019
Reference Rate	[1],[3],[4],[5]			6.75%										6.75%		6.75%		6.75%		6.75%
Interest Rate	[1],[3],[4],[5]			11.48%										11.48%		11.48%		11.48%		11.48%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 41,646,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 41,889,000
Percentage of Net Assets	[1],[3],[4],[5]			3.10%										3.10%		3.10%		3.10%		3.10%
Investment, Identifier [Axis]: Financial Services G Treasury SS, LLC First lien loan (65,859 par, due 4/2024) Initial Acquisition Date 4/9/2018 Reference Rate Spread 8.40% Interest Rate 12.94%
Investment, par	[1],[3],[4],[5]			$ 65,859,000
Investment, due date	[1],[3],[4],[5]			2024-04
Initial Acquisition Date	[1],[3],[4],[5]			Apr. 09, 2018
Reference Rate	[1],[3],[4],[5]			8.40%										8.40%		8.40%		8.40%		8.40%
Interest Rate	[1],[3],[4],[5]			12.94%										12.94%		12.94%		12.94%		12.94%
Investment at amortized cost	[1],[3],[4],[5],[9],[10]			$ 65,709,000
Total investments at fair value	[1],[3],[4],[5],[13]			$ 65,859,000
Percentage of Net Assets	[1],[3],[4],[5]			4.90%										4.90%		4.90%		4.90%		4.90%
Investment, Identifier [Axis]: Hedge Accounting Swaps
Notional Amount		$ 650,000,000		$ 650,000,000
Fair Market Value		(52,649,000)		(55,083,000)
Change in Unrealized Gains / (Losses)		$ 47,872,000		$ (49,217,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Pays 3.875% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		3.875%				3.875%		3.875%		3.875%		3.875%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays 3.875% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[33],[34]	3.875%				3.875%		3.875%		3.875%		3.875%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays 4.50% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays 4.50% Maturity Date 8/1/2022 One
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays 4.50% Maturity Date 8/1/2022 Two
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays L + 1.59% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			1.59%										1.59%		1.59%		1.59%		1.59%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays L + 1.91% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33],[36]	2.25%				2.25%		2.25%		2.25%		2.25%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays L + 199% Maturity Date 1/22/2023
Derivative, basis spread on variable rate	[35]			1.99%										1.99%		1.99%		1.99%		1.99%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays L + 2.25% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33]	1.91%				1.91%		1.91%		1.91%		1.91%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays L + 2.46% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33],[36]	2.46%				2.46%		2.46%		2.46%		2.46%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays SOFR + 2.17% Maturity Date 8/1/2026
Derivative, basis spread on variable rate		2.17%				2.17%		2.17%		2.17%		2.17%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays SOFR + 2.51% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		2.51%				2.51%		2.51%		2.51%		2.51%
Investment, Identifier [Axis]: Interest Rate Swap Company Pays SOFR + 2.72% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		2.72%				2.72%		2.72%		2.72%		2.72%
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays L + 1.91% Maturity Date 8/1/2026
Maturity Date	[35],[37]			Aug. 01, 2026
Notional Amount	[35],[37]			$ 300,000,000
Fair Market Value	[35],[37]			(35,665,000)
Change in Unrealized Gains / (Losses)	[35],[37]			$ (25,426,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays L + 1.91% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33],[36]	3.875%				3.875%		3.875%		3.875%		3.875%
Maturity Date	[17],[19],[33],[36]	Sep. 25, 2023
Notional Amount	[17],[19],[33],[36]	$ 300,000,000
Fair Market Value	[17],[19],[33],[36]	(2,946,000)
Change in Unrealized Gains / (Losses)	[17],[19],[33],[36]	$ 13,547,000
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays SOFR + 2.17% Maturity Date 8/1/2026
Derivative, basis spread on variable rate		2.50%				2.50%		2.50%		2.50%		2.50%
Maturity Date		Aug. 01, 2026
Fair Market Value		$ (31,302,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Maturity Date 8/1/2026
Derivative, basis spread on variable rate	[35],[37]			2.50%										2.50%		2.50%		2.50%		2.50%
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.25% Maturity Date 11/1/2024
Maturity Date	[35],[37],[38]			Nov. 01, 2024
Notional Amount	[35],[37],[38]			$ 300,000,000
Fair Market Value	[35],[37],[38]			(16,493,000)
Change in Unrealized Gains / (Losses)	[35],[37],[38]			$ (20,489,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.25% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33]	2.50%				2.50%		2.50%		2.50%		2.50%
Maturity Date	[17],[19],[33]	Sep. 25, 2023
Notional Amount	[17],[19],[33]	$ 300,000,000
Fair Market Value	[17],[19],[33]	(3,748,000)
Change in Unrealized Gains / (Losses)	[17],[19],[33]	$ 31,917,000
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.46% Maturity Date 11/1/2024
Maturity Date	[35],[37],[38]			Nov. 01, 2024
Notional Amount	[35],[37],[38]			$ 50,000,000
Fair Market Value	[35],[37],[38]			(2,925,000)
Change in Unrealized Gains / (Losses)	[35],[37],[38]			$ (3,302,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.46% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[19],[33],[36]	3.875%				3.875%		3.875%		3.875%		3.875%
Maturity Date	[17],[19],[33],[36]	Sep. 25, 2023
Notional Amount	[17],[19],[33],[36]	$ 50,000,000
Fair Market Value	[17],[19],[33],[36]	(517,000)
Change in Unrealized Gains / (Losses)	[17],[19],[33],[36]	$ 2,408,000
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays SOFR + 2.51% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		3.875%				3.875%		3.875%		3.875%		3.875%
Maturity Date		Nov. 01, 2024
Fair Market Value		$ (12,022,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays SOFR + 2.72% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		3.875%				3.875%		3.875%		3.875%		3.875%
Maturity Date		Nov. 01, 2024
Fair Market Value		$ (2,114,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[37],[38]			3.875%										3.875%		3.875%		3.875%		3.875%
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Company Pays L + 1.59% Maturity Date 8/1/2022
Maturity Date	[35]			Aug. 01, 2022
Change in Unrealized Gains / (Losses)	[35]			$ (751,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Company Pays L + 1.60% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Maturity Date	[35]			Aug. 01, 2022
Change in Unrealized Gains / (Losses)	[35]			$ (112,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Company Pays L + 199% Maturity Date 1/22/2023
Maturity Date	[35]			Jan. 22, 2023
Notional Amount	[35]			$ 150,000,000
Fair Market Value	[35]			(231,000)
Change in Unrealized Gains / (Losses)	[35]			$ (3,292,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Company Pays L + 2.37% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Maturity Date	[35]			Aug. 01, 2022
Change in Unrealized Gains / (Losses)	[35]			$ (1,192,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.11% Company Pays 4.50% Maturity Date 8/1/20
Maturity Date	[35]			Aug. 01, 2022
Upfront (Payments) / Receipts	[35]			$ 1,252,000
Change in Unrealized Gains / (Losses)	[35]			$ (924,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.11% Company Pays 4.50% Maturity Date 8/1/2022 One
Derivative, basis spread on variable rate	[35]			2.11%										2.11%		2.11%		2.11%		2.11%
Maturity Date	[35]			Aug. 01, 2022
Upfront (Payments) / Receipts	[35]			$ 96,000
Change in Unrealized Gains / (Losses)	[35]			$ (70,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.11% Company Pays 4.50% Maturity Date 8/1/2022 Two
Maturity Date	[35]			Aug. 01, 2022
Upfront (Payments) / Receipts	[35]			$ 904,000
Change in Unrealized Gains / (Losses)	[35]			$ (394,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.11% Maturity Date 8/1/2022 Two
Derivative, basis spread on variable rate	[35]			2.11%										2.11%		2.11%		2.11%		2.11%
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.28% Maturity Date 9/25/2023
Derivative, basis spread on variable rate	[17],[33],[34]	2.28%				2.28%		2.28%		2.28%		2.28%
Maturity Date	[17],[33],[34]	Sep. 25, 2023
Notional Amount	[17],[33],[34]	$ 2,500,000
Upfront (Payments) / Receipts	[17],[33],[34]	$ 128,000
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L Company Pays 4.50% Maturity Date 8/1/2022
Maturity Date	[35]			Jul. 30, 2022
Change in Unrealized Gains / (Losses)	[35]			$ (13,000)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L+2.28% Company Pays 3.875% Maturity Date 11/1/2024
Maturity Date	[35],[39]			Nov. 01, 2024
Notional Amount	[35],[39]			$ 2,500,000
Upfront (Payments) / Receipts	[35],[39]			$ 128,000
Investment, Identifier [Axis]: Interest Rate Swap Company Receives SOFR + 2.54% Maturity Date 11/1/2024
Derivative, basis spread on variable rate		2.54%				2.54%		2.54%		2.54%		2.54%
Maturity Date		Nov. 01, 2024
Upfront (Payments) / Receipts		$ (57,000)
Change in Unrealized Gains / (Losses)		(57,000)
Investment, Identifier [Axis]: Interest Rate Swap Pays 3.875% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[39]			3.875%										3.875%		3.875%		3.875%		3.875%
Investment, Identifier [Axis]: Interest Rate Swap Pays 4.50% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			0.16%										0.16%		0.16%		0.16%		0.16%
Investment, Identifier [Axis]: Interest Rate Swap Pays L + 1.60% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			1.60%										1.60%		1.60%		1.60%		1.60%
Investment, Identifier [Axis]: Interest Rate Swap Pays L + 1.91% Maturity Date 8/1/2026
Derivative, basis spread on variable rate	[35],[37]			1.91%										1.91%		1.91%		1.91%		1.91%
Investment, Identifier [Axis]: Interest Rate Swap Pays L + 2.25% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[37],[38]			2.25%										2.25%		2.25%		2.25%		2.25%
Investment, Identifier [Axis]: Interest Rate Swap Pays L + 2.37% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			2.37%										2.37%		2.37%		2.37%		2.37%
Investment, Identifier [Axis]: Interest Rate Swap Pays L + 2.46% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[37],[38]			2.46%										2.46%		2.46%		2.46%		2.46%
Investment, Identifier [Axis]: Interest Rate Swap Receives 3.875% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[37],[38]			3.875%										3.875%		3.875%		3.875%		3.875%
Investment, Identifier [Axis]: Interest Rate Swap Receives 4.50% Maturity Date 1/22/2023
Derivative, basis spread on variable rate	[35]			4.50%										4.50%		4.50%		4.50%		4.50%
Investment, Identifier [Axis]: Interest Rate Swap Receives 4.50% Maturity Date 8/1/2022
Derivative, basis spread on variable rate	[35]			2.11%										2.11%		2.11%		2.11%		2.11%
Investment, Identifier [Axis]: Interest Rate Swap Receives L + 2.28% Maturity Date 11/1/2024
Derivative, basis spread on variable rate	[35],[39]			2.28%										2.28%		2.28%		2.28%		2.28%
Investment, Identifier [Axis]: Interest Rate Swap, Cash collateral
Fair Market Value				$ 57,786,000
Investment, Identifier [Axis]: Non Hedge Accounting Swaps
Notional Amount		2,500,000		152,500,000
Fair Market Value				(231,000)
Upfront (Payments) / Receipts		71,000		2,380,000
Change in Unrealized Gains / (Losses)		(57,000)		$ (6,748,000)
Investment, Identifier [Axis]: Non-controlled Affiliated Investments MD America Energy, LLC
Total investments at fair value	[40]																					27,017,000
Investment, Identifier [Axis]: Non-controlled Affiliated Investments SMPA Holdings, LLC
Investment, shares | shares				15,000										15,000		15,000		15,000		15,000
Investment, Identifier [Axis]: Non-controlled, Affiliated Investments
Total investments at fair value																						$ 27,017,000
Investment, Identifier [Axis]: Total Investments
Investment at amortized cost		3,065,359,000	[6],[7],[8],[14]	$ 2,774,726,000	[1],[3],[9],[10]
Total investments at fair value		$ 3,088,987,000	[8],[11],[14]	$ 2,787,925,000	[1],[3],[13]
Percentage of Net Assets		211.50%	[8],[14]	204.90%	[1],[3]	211.50%	[8],[14]	211.50%	[8],[14]	211.50%	[8],[14]	211.50%	[8],[14]	204.90%	[1],[3]	204.90%	[1],[3]	204.90%	[1],[3]	204.90%	[1],[3]

[1] Certain portfolio company investments are subject to contractual restrictions on sales.

[2] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 9.7% of total assets as of December 31, 2022.

[3] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:   Non-controlled, Affiliated Investments during the year ended December 31, 2022   Company   Fair
Value at
December 31, 2021     Gross
Additions (a)     Gross
Reductions (b)     Net Change
In Unrealized
Gain/(Loss)     Realized
Gain/(Loss)     Transfers     Fair
Value at
December 31,
2022     Other
Income     Interest
Income   MD America Energy,
   LLC (c)   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133    Total   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133  

[4] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[5] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate, the Canadian Prime rate, or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at December 31, 2022.

[6] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[7] The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

[8] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the six months ended June 30, 2023 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[9] As of December 31, 2022, the estimated cost basis of investments for U.S. federal tax purposes was $2,787,005 resulting in estimated gross unrealized gains and losses of $109,609 and $105,786, respectively.

[10] The amortized cost represents the original cost adjusted for the amortization of discounts and premiums, as applicable, on debt investments using the effective interest method.

[11] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[12] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[13] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[14] Certain portfolio company investments are subject to contractual restrictions on sales.

[15] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[16] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at June 30, 2023.

[17] Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

[18] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 10.0% of total assets as of June 30, 2023.

[19] Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

[20] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[21] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[22] In addition to the principal amount outstanding and accrued interest owed on this investment, the Company is entitled to a separate Make-Whole Amount (the “Make-Whole”) of $10.9 million. The Make-Whole is a contractual obligation of the borrower and accrues interest on the balance outstanding. The Make-Whole is included on the Company’s consolidated balance sheet within other assets, net of any valuation allowance. Given uncertainty relating to collectability of the Make-Whole, the Company has applied a full valuation allowance against the amount of the Make-Whole balance outstanding.

[23] Investment is on non-accrual status as of June 30, 2023.

[24] Investment is on non-accrual status as of December 31, 2022.

[25] This investment is non-income producing.

[26] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[27] Ownership of equity investments may occur through a holding company or partnership.

[28] This investment is non-income producing.

[29] Ownership of equity investments may occur through a holding company or partnership.

[30] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $47,288, or 3.5% of the Company’s net assets.

[31] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2023, the aggregate fair value of these securities is $16,423, or 1.1% of the Company’s net assets.

[32] As of June 30, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $3,079,332, resulting in estimated gross unrealized gains and losses of $124,352 and $114,625, respectively.

[33] On March 5, 2021, the U.K. Financial Conduct Authority, announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the “Index Cessation Event”). As part of the Index Cessation Event, each instrument bearing interest at a rate determined by reference to LIBOR (each, a “Legacy LIBOR Instrument”) referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023.

[34] The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

[35] Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

[36] $2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

[37] Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

[38] $2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

[39] The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

[40] Includes investment in SMPA Holdings, LLC of 15,000 common equity units.

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Consolidated Schedule of Investments (Unaudited) (Parenthetical) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands, $ in Thousands		6 Months Ended		12 Months Ended
		Jun. 30, 2023 USD ($) shares		Dec. 31, 2022 USD ($) shares		Jun. 30, 2023 CAD ($) shares		Jun. 30, 2023 EUR (€) shares		Jun. 30, 2023 GBP (£) shares		Jun. 30, 2023 AUD ($) shares		Dec. 31, 2022 CAD ($) shares		Dec. 31, 2022 EUR (€) shares		Dec. 31, 2022 GBP (£) shares		Dec. 31, 2022 AUD ($) shares
Percentage of non-qualifying assets		10.00%		9.70%
Percentage of minimum qualifying assets to purchase non qualifying assets		70.00%
Minimum percentage of voting securities				5.00%
Fair value of securities as percentage of net assets amount				$ 47,288
Fair value of securities as percentage of net assets in percentage		1.10%		3.50%		1.10%		1.10%		1.10%		1.10%		3.50%		3.50%		3.50%		3.50%
Investment owed on principal amount outstanding and accrued interest make whole amount		$ 10,900
Controlled, Affiliated Investments
Minimum percentage of voting securities		25.00%		25.00%
U.S. Federal Tax
Investments Owned Estimated Cost Basis		$ 3,079,332		$ 2,787,005
Gross unrealized gain		124,352		109,609
Gross unrealized losses		114,625		105,786
No Longer Designated As Instruments
Notional value		2,500		2,500
Fair market value		2,500		2,500
Investment, Identifier [Axis]: Communications Celtra Technologies,Inc First lien loan 34,650 par, due 11/2026 Initial Acquisition Date 11/19/2021 Reference Rate and SpreadL+7.00% Interest Rate11.38%
Investment, par	[1],[2],[3],[4]			$ 34,650
Investment, due date	[1],[2],[3],[4]			2026-11
Fair value of securities as percentage of net assets amount		16,423
Investment, Identifier [Axis]: Communications Convertible note (4,382 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Investment, par	[1],[4]			$ 4,382
Investment, due date	[1],[4]			2028-05
Investment, Identifier [Axis]: Communications IntelPeer Holding Inc First-lien loan ($34,677 par, due 12/2024) Initial Acquisition date 12/2/2019,Reference Rate and Spread l + 8.25% Interest Rate 12.63%
Investment, par	[1],[4]			$ 34,677
Investment, due date	[1],[4]			2024-12
Investment, Identifier [Axis]: Debt Investments Automotive Bestpass, Inc. First-lien loan ($40,000 par, due 5/2029) Initial Acquisition Date 5/26/2023 Reference Rate and Spread SOFR + 5.75% Interest Rate 10.85%
Investment, par	[5],[6],[7],[8]	$ 40,000
Investment, due date	[5],[6],[7],[8]	2029-05
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($32,725 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.69%
Investment, par	[5],[7],[8]	$ 32,725
Investment, due date	[5],[7],[8]	2027-07
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($33,575 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 10.92%
Investment, par	[1],[3],[4]			$ 33,575
Investment, due date	[1],[3],[4]			2027-07
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 10.02%
Investment, par	[5],[6],[7],[8],[9]					$ 57,353
Investment, due date	[5],[6],[7],[8],[9]	2025-10
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 9.49%
Investment, par	[1],[2],[3],[4],[10]													$ 57,353
Investment, due date	[1],[2],[3],[4],[10]			2025-10
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,720 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.63% Interest Rate 12.21%
Investment, par	[1],[2],[3],[4]			$ 68,720
Investment, due date	[1],[2],[3],[4]			2025-08
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,802 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.99%
Investment, par	[5],[6],[7],[8]	$ (68,802)
Investment, due date	[5],[6],[7],[8]	2025-08
Investment, Identifier [Axis]: Debt Investments Business Services BCTO Ignition Purchaser, Inc. First-lien holdco loan ($30,000 par, due 10/2030) Initial Acquisition Date 4/18/2023 Reference Rate and Spread SOFR + 9.00% Interest Rate 13.98% PIK
Investment, par	[5],[7],[8]	$ 30,000
Investment, due date	[5],[7],[8]	2030-10
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 34,220 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 10.69%
Investment, par	[1],[3],[4],[10]													34,220
Investment, due date	[1],[3],[4],[10]			2027-12
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 37,343 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.15%
Investment, par	[5],[7],[8],[9]					37,343
Investment, due date	[5],[7],[8],[9]	2027-12
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,448 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread P + 6.75% Interest Rate 11.20%
Investment, par	[1],[3],[4],[10]													$ 1,448
Investment, due date	[1],[3],[4],[10]			2026-12
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,992 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.09%
Investment, par	[5],[7],[8],[9]					$ 1,992
Investment, due date	[5],[7],[8],[9]	2026-12
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($57,950 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread L + 7.50% Interest Rate 12.23%
Investment, par	[1],[2],[3],[4]			$ 57,950
Investment, due date	[1],[2],[3],[4]			2027-07
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($62,163 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.70%
Investment, par	[5],[6],[7],[8]	$ 62,163
Investment, due date	[5],[6],[7],[8]	2027-07
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,606 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 13.72% (incl. 9.00% PIK)
Investment, par	[1],[3],[4]			$ 2,606
Investment, due date	[1],[3],[4]			2026-08
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,726 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 14.54% (incl. 9.00% PIK)
Investment, par	[5],[7],[8]	$ 2,726
Investment, due date	[5],[7],[8]	2026-08
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,502 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 14.23% (incl. 9.50% PIK)
Investment, par	[1],[3],[4]			$ 6,502
Investment, due date	[1],[3],[4]			2026-08
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,818 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 15.04% (incl. 9.50% PIK)
Investment, par	[5],[7],[8]	$ 6,818
Investment, due date	[5],[7],[8]	2026-08
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien loan ($64,904 par, due 5/2030) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[5],[7],[8]	$ 64,904
Investment, due date	[5],[7],[8]	2030-05
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien revolving loan ($4,471 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[5],[7],[8],[11]	$ 4,471
Investment, due date	[5],[7],[8],[11]	2029-05
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,150 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 8.26%
Investment, par | €	[1],[3],[4],[10]															€ 3,150
Investment, due date	[1],[3],[4],[10]			2029-11
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,437 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 9.82%
Investment, par | €	[5],[7],[8],[9]							€ 3,437
Investment, due date	[5],[7],[8],[9]	2029-11
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,730 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.86%
Investment, par	[5],[6],[7],[8]	$ 17,730
Investment, due date	[5],[6],[7],[8]	2026-12
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,820 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.16%
Investment, par	[1],[2],[3],[4]			$ 17,820
Investment, due date	[1],[2],[3],[4]			2026-12
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($331 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 9.90%
Investment, par	[5],[7],[8],[11],[12]	$ 331
Investment, due date	[5],[7],[8],[11],[12]	2029-05
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($333 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 8.94%
Investment, par	[1],[3],[4],[13]			$ 333
Investment, due date	[1],[3],[4],[13]			2029-05
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,119 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 9.70%
Investment, par	[1],[3],[4]			$ 36,119
Investment, due date	[1],[3],[4]			2029-06
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,425 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.30%
Investment, par	[5],[7],[8],[11]	$ 36,425
Investment, due date	[5],[7],[8],[11]	2029-06
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien revolving loan ($718 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.24%
Investment, par	[5],[7],[8]	$ 718
Investment, due date	[5],[7],[8]	2029-06
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,004 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 7.74%
Investment, par | €	[1],[2],[3],[4],[10]															3,004
Investment, due date	[1],[2],[3],[4],[10]			2028-12
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,277 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 9.35%
Investment, par | €	[5],[6],[7],[8],[9]							3,277
Investment, due date	[5],[6],[7],[8],[9]	2028-12
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($63,477 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[1],[2],[3],[4]			$ 63,477
Investment, due date	[1],[2],[3],[4]			2026-10
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($72,258 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.10%
Investment, par	[5],[6],[7],[8]	$ 72,258
Investment, due date	[5],[6],[7],[8]	2026-10
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.19%
Investment, par	[1],[4],[13]			$ 12,000
Investment, due date	[1],[4],[13]			2029-03
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.82%
Investment, par	[5],[7],[8],[13],[14]	$ 12,000
Investment, due date	[5],[7],[8],[14],[15]	2029-03
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($12,645 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Investment, par	[5],[7],[8]	$ 12,645
Investment, due date	[5],[7],[8]	2029-03
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($13,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Investment, par	[1],[4],[13]			$ 13,000
Investment, due date	[1],[4],[13]			2029-03
Investment, Identifier [Axis]: Debt Investments Business Services WideOrbit, Inc. First-lien loan ($35,548 par, due 7/2025) Initial Acquisition Date 7/8/2020 Reference Rate and Spread L + 8.50% Interest Rate 12.88%
Investment, par	[1],[3],[4]			$ 35,548
Investment, due date	[1],[3],[4]			2025-07
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 10.12%
Investment, par | €	[5],[7],[8],[9]							7,239
Investment, due date	[5],[7],[8],[9]	2028-09
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 11.68%
Investment, par | £	[5],[7],[8],[9]									£ 10,217
Investment, due date	[5],[7],[8],[9]	2028-09
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 8.73%
Investment, par	[1],[4],[10]			$ 7,239
Investment, due date	[1],[4],[10]			2028-09
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Investment, par	[1],[4],[10]			$ 10,217
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Investment, due date	[1],[4],[10]			2028-09
Investment, Identifier [Axis]: Debt Investments Communications Banyan Software Holdings, LLC First-lien loan ($19,900 par, due 10/2026) Initial Acquisition Date 1/27/2023 Reference Rate and Spread SOFR + 7.35% Interest Rate 12.45%
Investment, par	[5],[7],[8],[9]	$ 19,900
Investment, due date	[5],[7],[8],[9]	2026-10
Investment, Identifier [Axis]: Debt Investments Communications Celtra Technologies, Inc. First-lien loan ($34,475 par, due 11/2026) Initial Acquisition Date 11/19/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[5],[6],[7],[8]	$ 34,475
Investment, due date	[5],[6],[7],[8]	2026-11
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. Convertible note ($4,536 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Investment, par	[5],[8]	$ 4,536
Investment, due date	[5],[8]	2028-05
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. First-lien loan ($34,204 par, due 12/2024) (3) Initial Acquisition Date 12/2/2019 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Investment, par	[5],[6],[7],[8]	$ 34,204
Investment, due date	[5],[6],[7],[8]	2024-12
Investment, Identifier [Axis]: Debt Investments Education Astra Acquisition Corp. Second-lien loan ($43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread SOFR + 8.99% Interest Rate 14.09%
Investment, par	[5],[7],[8]	$ 43,479
Investment, due date	[5],[7],[8]	2029-10
Investment, Identifier [Axis]: Debt Investments Education Destiny Solutions Parent Holding Company First-lien loan ($59,850 par, due 6/2026) Initial Acquisition Date 6/8/2021 Reference Rate and Spread SOFR + 5.85% Interest Rate 11.09%
Investment, par	[5],[6],[7],[8]	$ 59,850
Investment, due date	[5],[6],[7],[8]	2026-06
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien loan ($56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Investment, par	[5],[7],[8]	$ 56,216
Investment, due date	[5],[7],[8]	2027-12
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien revolving loan ($5,270 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Investment, par	[5],[7],[8]	$ 5,270
Investment, due date	[5],[7],[8]	2027-12
Investment, Identifier [Axis]: Debt Investments Financial Services Alaska Bidco Oy First-lien loan (EUR 727 par, due 5/2030) Initial Acquisition Date 5/30/2023 Reference Rate and Spread E + 6.25% Interest Rate 9.89%
Investment, par | €	[5],[7],[8],[9]							727
Investment, due date	[5],[7],[8],[9]	2030-05
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien loan ($46,098 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.22%
Investment, par	[5],[7],[8]	$ 46,098
Investment, due date	[5],[7],[8]	2028-12
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien revolving loan ($1,687 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.36%
Investment, par	[5],[7],[8]	$ 1,687
Investment, due date	[5],[7],[8]	2028-12
Investment, Identifier [Axis]: Debt Investments Financial Services Bear OpCo, LLC First-lien loan ($20,774 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.75%
Investment, par	[5],[6],[7],[8]	$ 20,774
Investment, due date	[5],[6],[7],[8]	2024-10
Investment, Identifier [Axis]: Debt Investments Financial Services BlueSnap, Inc. First-lien loan ($42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Investment, par	[5],[6],[7],[8]	$ 42,000
Investment, due date	[5],[6],[7],[8]	2024-10
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,518 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L + 4.50% Interest Rate 9.98%
Investment, par	[5],[6],[7],[8]	$ 1,518
Investment, due date	[5],[6],[7],[8]	2027-05
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,526 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 5.00% Interest Rate 9.73%
Investment, par	[1],[2],[3],[4]			$ 1,526
Investment, due date	[1],[2],[3],[4]			2027-05
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($13,957 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.98% PIK
Investment, par	[1],[3],[4]			$ 13,957
Investment, due date	[1],[3],[4]			2028-05
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($14,897 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L +8.25% Interest Rate 13.73% PIK
Investment, par	[5],[7],[8]	$ 14,897
Investment, due date	[5],[7],[8]	2028-05
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,000 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate and Spread SOFR + 5.40% Interest Rate 10.64%
Investment, par	[5],[6],[7],[8]	$ 19,000
Investment, due date	[5],[6],[7],[8]	2026-06
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,125 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate Spread L + 5.25% Interest Rate 10.40%
Investment, par	[1],[2],[3],[4]			$ 19,125
Investment, due date	[1],[2],[3],[4]			2026-06
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,051 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 9.00% Interest Rate 13.73% (incl. 9.00% PIK)
Investment, par	[1],[3],[4]			$ 19,051
Investment, due date	[1],[3],[4]			2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,928 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 9.00% Interest Rate 14.21% (incl. 9.00% PIK)
Investment, par	[5],[7],[8]	$ 19,928
Investment, due date	[5],[7],[8]	2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 10,381 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 9.00% Interest Rate 12.29% (incl. 9.00% PIK)
Investment, par | €	[5],[7],[8]							10,381
Investment, due date	[5],[7],[8]	2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 9,924 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 9.00% Interest Rate 11.20% (incl. 9.00% PIK)
Investment, par | €	[1],[3],[4]															9,924
Investment, due date	[1],[3],[4]			2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 7.25% Interest Rate 11.98%
Investment, par	[1],[3],[4]			$ 1,411
Investment, due date	[1],[3],[4]			2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 7.25% Interest Rate 12.46%
Investment, par	[5],[7],[8]	$ 1,411
Investment, due date	[5],[7],[8]	2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 7.25% Interest Rate 9.45%
Investment, par | €	[1],[3],[4]															€ 336
Investment, due date	[1],[3],[4]			2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 7.25% Interest Rate 10.54%
Investment, par | €	[5],[7],[8]							336
Investment, due date	[5],[7],[8]	2025-04
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. Convertible Promissory Note A ($694 par, due 9/2024) Initial Acquisition Date 3/2/2023 Reference Rate and Spread 8.00% Interest Rate 8.00%
Investment, par	[5],[8]	$ 694
Investment, due date	[5],[8]	2024-09
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($23,390 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.58% (incl. 4.125% PIK)
Investment, par	[1],[3],[4]			$ 23,390
Investment, due date	[1],[3],[4]			2026-04
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($24,098 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Investment, par	[5],[7],[8]	$ 24,098
Investment, due date	[5],[7],[8]	2026-04
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.32%
Investment, par	[1],[3],[4]			$ 22,727
Investment, due date	[1],[3],[4]			2029-10
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.08%
Investment, par	[5],[7],[8]	$ 22,727
Investment, due date	[5],[7],[8]	2029-10
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($16,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[5],[7],[8]	$ 16,507
Investment, due date	[5],[7],[8]	2023-12
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($22,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Investment, par	[1],[3],[4]			$ 22,507
Investment, due date	[1],[3],[4]			2023-12
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. Delayed draw term loan ($3,000 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.44%
Investment, par	[5],[8],[9]	$ 3,000
Investment, due date	[5],[8],[9]	2027-04
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,438 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.52%
Investment, par	[5],[6],[7],[8]	$ (44,438)
Investment, due date	[5],[6],[7],[8]	2027-04
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,663 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate Spread 4/30/2021 Interest Rate 10.66%
Investment, par	[1],[2],[3],[4]			$ 44,663
Investment, due date	[1],[2],[3],[4]			2027-04
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($63,565 par, due 11/2026) Initial Acquisition Date 11/23/2020 Reference Rate Spread SOFR + 7.70% Interest Rate 12.10%
Investment, par	[1],[2],[3],[4]			$ 63,565
Investment, due date	[1],[2],[3],[4]			2026-11
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($67,408 par, due 11/2027) Initial Acquisition Date 11/23/2020 Reference Rate and Spread SOFR + 8.45% Interest Rate 13.71%
Investment, par	[5],[6],[7],[8]	$ 67,408
Investment, due date	[5],[6],[7],[8]	2027-11
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. Second-lien loan ($5,194 par, due 1/2030) Initial Acquisition Date 1/23/2023 Reference Rate and Spread SOFR + 10.70% Interest Rate 15.77% PIK
Investment, par	[5],[7],[8]	$ 5,194
Investment, due date	[5],[7],[8]	2030-01
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 8.00% Interest Rate 8.00%
Investment, par	[1],[4]			$ 2,602
Investment, due date	[1],[4]			2023-09
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate and Spread 8.00% Interest Rate 8.00%
Investment, par	[5],[8]	$ 2,602
Investment, due date	[5],[8]	2023-09
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($3,750 par, due 4/2025) Initial Acquisition Date 4/2/2020 Reference Rate Spread 11.30% Interest Rate 11.30%
Investment, par	[1],[4]			$ 3,750
Investment, due date	[1],[4]			2025-04
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($5,000 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 11.30% Interest Rate 11.30%
Investment, par	[1],[4]			$ 5,000
Investment, due date	[1],[4]			2023-09
Investment, Identifier [Axis]: Debt Investments Healthcare Edge Bidco B.V First-lien loan (EUR 3,471 par, due 2/2029) Initial Acquisition Date 2/24/2023 Reference Rate and Spread E + 7.00% Interest Rate 10.60% (incl. 3.25% PIK)
Investment, par | €	[5],[6],[7],[8],[9]							€ 3,471
Investment, due date	[5],[6],[7],[8],[9]	2029-02
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate Spread SOFR + 5.70% Interest Rate 10.02%
Investment, par	[1],[2],[3],[4]			$ 65,000
Investment, due date	[1],[2],[3],[4]			2026-10
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate and Spread SOFR + 5.70% Interest Rate 10.79%
Investment, par	[5],[6],[7],[8]	$ 65,000
Investment, due date	[5],[6],[7],[8]	2026-10
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($44,868 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.20%
Investment, par	[5],[6],[7],[8]	$ 44,868
Investment, due date	[5],[6],[7],[8]	2024-10
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($46,312 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate Spread L + 7.50% Interest Rate 11.89%
Investment, par	[1],[2],[3],[4]			$ 46,312
Investment, due date	[1],[2],[3],[4]			2024-10
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.84%
Investment, par	[1],[2],[3],[4]			$ 70,103
Investment, due date	[1],[2],[3],[4]			2028-06
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.50%
Investment, par	[5],[6],[7],[8]	$ 70,103
Investment, due date	[5],[6],[7],[8]	2028-06
Investment, Identifier [Axis]: Debt Investments Healthcare Raptor US Buyer II Corp. First-lien loan ($15,648par,due3/2029) Initial Acquisition Date 3/24/2023 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.97%
Investment, par	[5],[7],[8]	$ 15,648
Investment, due date	[5],[7],[8]	2029-03
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,048 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate Spread SOFR + 6.35% Interest Rate 10.67%
Investment, par	[1],[2],[3],[4]			$ 58,048
Investment, due date	[1],[2],[3],[4]			2028-05
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,963 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.08%
Investment, par	[6],[7]	$ 59,811
Investment, due date	[6],[7]	2028-05
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.19%
Investment, par	[1],[3],[4],[16]			$ 30,261
Investment, due date	[1],[3],[4],[16]			2023-06
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.86%
Investment, par	[5],[7],[8]	$ 30,261
Investment, due date	[5],[7],[8]	2024-06
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($16,747 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.23%
Investment, par	[1],[3],[4],[16]			$ 16,747
Investment, due date	[1],[3],[4],[16]			2023-06
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($21,632 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.92%
Investment, par	[5],[7],[8]	$ 21,632
Investment, due date	[5],[7],[8]	2024-06
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Axonify, Inc. First-lien loan ($47,122 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate Spread SOFR + 7.65% Interest Rate SOFR + 7.65%
Investment, par	[5],[6],[7],[8],[9]			$ 47,122
Investment, due date	[5],[6],[7],[8],[9]			2026-05
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Elysian Finco Ltd. First-lien loan ($17,314 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate Spread SOFR + 6.65% Interest Rate 10.99%
Investment, par	[5],[6],[7],[8],[9]			$ 17,314
Investment, due date	[5],[6],[7],[8],[9]			2028-01
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Employment Hero Holdings Pty Ltd First-lien loan (AUD 50,000 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate Spread B + 6.50% Interest Rate 9.77%
Investment, par	[5],[7],[8],[9]																			$ 50,000
Investment, due date	[5],[7],[8],[9]			2026-12
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Modern Hire, Inc. First-lien loan ($28,878 par, due 5/2024) Initial Acquisition Date 5/15/2019 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Investment, par	[5],[6],[7],[8]			$ 28,878
Investment, due date	[5],[6],[7],[8]			2024-05
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan ($12,011 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread L + 5.50% Interest Rate 10.65%
Investment, par	[5],[6],[7],[8],[9]			$ 12,011
Investment, due date	[5],[6],[7],[8],[9]			2025-12
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,520 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate Spread B + 5.50% Interest Rate 9.28%
Investment, par	[5],[6],[7],[8],[9]																			$ 14,520
Investment, due date	[5],[6],[7],[8],[9]			2025-12
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,766 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread S + 5.62% Interest Rate 8.55%
Investment, par | £	[5],[6],[7],[8],[9]																	£ 3,766
Investment, due date	[5],[6],[7],[8],[9]			2025-12
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,775 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate Spread L + 5.75% Interest Rate 10.48%
Investment, par	[5],[6],[7],[8]			$ 68,775
Investment, due date	[5],[6],[7],[8]			2024-05
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($32,242 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate Spread SOFR + 7.15% Interest Rate 11.73%
Investment, par	[5],[6],[7],[8]			$ 32,242
Investment, due date	[5],[6],[7],[8]			2026-12
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,798 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate Spread SOFR + 7.40% Interest Rate 11.80%
Investment, par	[5],[6],[7],[8]			$ 23,798
Investment, due date	[5],[6],[7],[8]			2025-10
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services bswift, LLC First-lien loan ($44,806 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate Spread SOFR + 6.63% Interest Rate 10.81%
Investment, par	[5],[6],[7],[8]			$ 44,806
Investment, due date	[5],[6],[7],[8]			2028-11
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services EDB Parent, LLC First-lien loan ($56,963 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.58%
Investment, par	[2],[3],[5],[8]			$ 56,963
Investment, due date	[2],[3],[5],[8]			2028-07
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Higher Logic, LLC First-lien loan ($55,820 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[2],[3],[5],[8]			$ 55,820
Investment, due date	[2],[3],[5],[8]			2025-01
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services LeanTaaS Holdings, Inc. First-lien loan ($27,782 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.83%
Investment, par	[2],[3],[5],[8]			$ 27,782
Investment, due date	[2],[3],[5],[8]			2028-07
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Investment, par	[3],[5],[8]			$ 54,700
Investment, due date	[3],[5],[8]			2024-01
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien revolving loan ($1,320 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Investment, par	[3],[5],[8]			$ 1,320
Investment, due date	[3],[5],[8]			2024-01
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lucidworks, Inc. First-lien loan ($8,330 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.82% (incl. 3.50% PIK)
Investment, par	[2],[3],[5],[8]			$ 8,330
Investment, due date	[2],[3],[5],[8]			2027-02
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Piano Software, Inc First-lien loan ($51,312 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate Spread SOFR + 7.10% Interest Rate 11.42%
Investment, par	[2],[3],[5],[8]			$ 51,312
Investment, due date	[2],[3],[5],[8]			2026-02
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate Spread SOFR + 6.75% Interest Rate 11.07%
Investment, par	[2],[3],[5],[8]			$ 36,833
Investment, due date	[2],[3],[5],[8]			2028-10
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien loan ($32,194 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 12.04% PIK
Investment, par	[3],[5],[8]			$ 32,194
Investment, due date	[3],[5],[8]			2028-10
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien revolving loan ($780 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 10.89%
Investment, par	[3],[5],[8]			$ 780
Investment, due date	[3],[5],[8]			2027-10
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell CrunchTime Information, Systems, Inc First-lien loan ($53,121 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate Spread SOFR + 6.00 Interest Rate 10.32%
Investment, par	[2],[3],[5],[8]			$ 53,121
Investment, due date	[2],[3],[5],[8]			2028-06
Investment, Identifier [Axis]: Debt Investments Hotel, Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Investment, par	[1],[3],[4]			$ 38,636
Investment, due date	[1],[3],[4]			2028-10
Investment, Identifier [Axis]: Debt Investments Hotel, Office Products USR Parent, Inc. ABL FILO term loan ($19,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate Spread SOFR + 6.50% Interest Rate 10.62%
Investment, par	[1],[2],[3],[4]			$ 19,000
Investment, due date	[1],[2],[3],[4]			2027-04
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Axonify, Inc. First-lien loan ($49,129 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.71%
Investment, par	[5],[6],[7],[8],[9]	$ 49,129
Investment, due date	[5],[6],[7],[8],[9]	2026-05
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Elysian Finco Ltd. First-lien loan ($18,399 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.76%
Investment, par	[5],[6],[7],[8],[9]	$ 18,399
Investment, due date	[5],[6],[7],[8],[9]	2028-01
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. First-lien loan (AUD 33,282 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate and Spread B + 6.50% Interest Rate 10.86%
Investment, par	[5],[7],[8],[9]											$ 33,282
Investment, due date	[5],[7],[8],[9]	2026-12
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services HireVue, Inc. First-lien loan ($54,113 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Investment, par	[5],[7],[8]	$ 54,113
Investment, due date	[5],[7],[8]	2029-05
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan ($11,946 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread SOFR + 5.60% Interest Rate 10.70%
Investment, par	[5],[6],[7],[8],[9]	$ 11,946
Investment, due date	[5],[6],[7],[8],[9]	2025-12
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,433 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate and Spread B + 5.50% Interest Rate 9.28%
Investment, par	[5],[6],[7],[8],[9]											$ 14,433
Investment, due date	[5],[6],[7],[8],[9]	2025-12
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,742 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread S + 5.53% Interest Rate 9.96%
Investment, par | £	[5],[6],[7],[8],[9]									£ 3,742
Investment, due date	[5],[6],[7],[8],[9]	2025-12
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,425 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Investment, par	[5],[6],[7],[8]	$ 68,425
Investment, due date	[5],[6],[7],[8]	2024-05
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($34,550 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Investment, par	[5],[6],[7],[8]	$ 34,550
Investment, due date	[5],[6],[7],[8]	2026-12
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,494 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate and Spread SOFR + 7.40% Interest Rate 12.66%
Investment, par	[5],[6],[7],[8]	$ 23,494
Investment, due date	[5],[6],[7],[8]	2025-10
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services bswift, LLC First-lien loan ($44,582 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate and Spread SOFR + 6.63% Interest Rate 11.76%
Investment, par	[5],[6],[7],[8]	$ 44,582
Investment, due date	[5],[6],[7],[8]	2028-11
Investment, Identifier [Axis]: Debt Investments Insurance Disco Parent, Inc. First-lien loan ($4,545 par, due 3/2029) Initial Acquisition Date 3/30/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.76%
Investment, par	[5],[7],[8]	$ 4,545
Investment, due date	[5],[7],[8]	2029-03
Investment, Identifier [Axis]: Debt Investments Internet Services Arrow Buyer, Inc. First-lien loan ($33,125 par, due 7/2030) Initial Acquisition Date 6/30/2023 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.74%
Investment, par	[5],[7],[8]	$ 33,125
Investment, due date	[5],[7],[8]	2030-07
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien loan ($34,339 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.82% PIK
Investment, par	[5],[7],[8]	$ 34,339
Investment, due date	[5],[7],[8]	2028-10
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien revolving loan ($468 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.77%
Investment, par	[5],[7],[8]	$ 468
Investment, due date	[5],[7],[8]	2027-10
Investment, Identifier [Axis]: Debt Investments Internet Services Coupa Holdings, LLC First-lien loan ($43,191 par, due 2/2030) Initial Acquisition Date 2/27/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60%
Investment, par	[5],[7],[8]	$ 43,191
Investment, due date	[5],[7],[8]	2030-02
Investment, Identifier [Axis]: Debt Investments Internet Services CrunchTime Information, Systems, Inc. First-lien loan ($59,801 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate and Spread SOFR + 6.00% Interest Rate 11.09%
Investment, par	[5],[6],[7],[8]	$ 59,801
Investment, due date	[5],[6],[7],[8]	2028-06
Investment, Identifier [Axis]: Debt Investments Internet Services EDB Parent, LLC First-lien loan ($60,234 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Investment, par	[5],[6],[7],[8]	$ 60,234
Investment, due date	[5],[6],[7],[8]	2028-07
Investment, Identifier [Axis]: Debt Investments Internet Services Higher Logic, LLC First-lien loan ($54,379 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Investment, par	[5],[6],[7],[8]	$ 54,379
Investment, due date	[5],[6],[7],[8]	2025-01
Investment, Identifier [Axis]: Debt Investments Internet Services LeanTaaS Holdings, Inc. First-lien loan ($33,924 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.74%
Investment, par	[5],[6],[7],[8]	$ 33,924
Investment, due date	[5],[6],[7],[8]	2028-07
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.08%
Investment, par	[5],[7],[8]	$ 54,700
Investment, due date	[5],[7],[8]	2024-01
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien revolving loan ($2,309 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.01%
Investment, par	[5],[7],[8]	$ 2,309
Investment, due date	[5],[7],[8]	2024-01
Investment, Identifier [Axis]: Debt Investments Internet Services Lucidworks, Inc. First-lien loan ($8,619 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60% (incl. 3.50% PIK)
Investment, par	[5],[6],[7],[8]	$ 8,619
Investment, due date	[5],[6],[7],[8]	2027-02
Investment, Identifier [Axis]: Debt Investments Internet Services Piano Software, Inc. First-lien loan ($51,218 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Investment, par	[5],[6],[7],[8]	$ 51,218
Investment, due date	[5],[6],[7],[8]	2026-02
Investment, Identifier [Axis]: Debt Investments Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.85%
Investment, par	[5],[6],[7],[8]	$ 36,833
Investment, due date	[5],[6],[7],[8]	2028-10
Investment, Identifier [Axis]: Debt Investments Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.49%
Investment, par	[5],[8],[9]	$ 38,636
Investment, due date	[5],[8],[9]	2028-10
Investment, Identifier [Axis]: Debt Investments Office Products USR Parent, Inc. ABL FILO term loan ($18,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.66%
Investment, par	[5],[8],[9]	$ 18,000
Investment, due date	[5],[8],[9]	2027-04
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Laramie Energy, LLC First-lien loan ($27,317 par, due 2/2027) Initial Acquisition Date 2/21/2023 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.18%
Investment, par	[5],[7],[8]	$ 27,317
Investment, due date	[5],[7],[8]	2027-02
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($26,873 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 8.65% Interest Rate 13.23%
Investment, par	[1],[3],[4]			$ 26,873
Investment, due date	[1],[3],[4]			2026-06
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($33,388 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.90%
Investment, par	[5],[7],[8]	$ 33,388
Investment, due date	[7],[8],[9]	2026-06
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($57,818 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 7.76% Interest Rate 12.34%
Investment, par	[1],[3],[4]			$ 57,818
Investment, due date	[1],[3],[4]			2025-12
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($61,333 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate and Spread SOFR + 7.76% Interest Rate 13.00%
Investment, due date	[5],[7],[8]	2025-12
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($61,333 par, due 12/2025)Initial Acquisition Date 12/3/2021 Reference Rate and Spread SOFR + 7.76% Interest Rate 13.00%
Investment, par	[5],[7],[8]	$ 61,333
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,148 par, due 3/2026) Initial Acquisition Date 3/31/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Investment, par	[5],[6],[7],[8],[9]	$ 40,148
Investment, due date	[5],[6],[7],[8],[9]	2026-03
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,353 par, due 3/2026) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 6.60% Interest Rate 10.92%
Investment, par	[1],[2],[3],[4]			$ 40,353
Investment, due date	[1],[2],[3],[4]			2026-03
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread L + 8.50 % Interest Rate 13.23%
Investment, par	[1],[3],[4]			$ 25,000
Investment, due date	[1],[3],[4]			2025-05
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.89%
Investment, par	[5],[7],[8]	$ 25,000
Investment, due date	[5],[7],[8]	2025-05
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,357 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00% Interest Rate 19.18% (incl. 18.68% PIK)
Investment, par	[5],[7],[8],[9],[17],[18]	$ 1,357
Investment, due date	[5],[7],[8],[9],[17],[18]	2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,363 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00 % Interest Rate 18.13% (incl. 17.63% PIK)
Investment, par	[1],[3],[4],[19]			$ 1,363
Investment, due date	[1],[3],[4],[19]			2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,130 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25% Interest Rate 11.42% (incl. 10.93% PIK)
Investment, par	[5],[7],[8],[9],[17],[18]	$ 27,130
Investment, due date	[5],[7],[8],[9],[17],[18]	2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,171 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25 % Interest Rate 10.38% (incl. 9.88% PIK)
Investment, par	[1],[3],[4]			$ 27,171
Investment, due date	[1],[3],[4]			2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 4.75% PIK
Investment, par	[1],[3],[4],[19]			$ 4,740
Investment, due date	[1],[3],[4],[19]			2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 6.54% PIK
Investment, par	[5],[7],[8],[9],[17],[18]	$ 4,740
Investment, due date	[5],[7],[8],[9],[17],[18]	2026-09
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($25,818 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and Spread SOFR + 9.90% Interest Rate 15.16%
Investment, par	[5],[7],[8],[17]	$ 25,818
Investment, due date	[5],[7],[8],[17]	2027-08
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($55,000 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and SOFR + 7.90% Interest Rate 12.30%
Investment, par	[1],[3],[4]			$ 55,000
Investment, due date	[1],[3],[4]			2027-08
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Roll Up DIP term loan ($28,343 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99% (incl. 12.99% PIK)
Investment, par	[5],[7],[8],[17]	$ 28,343
Investment, due date	[5],[7],[8],[17]	2023-08
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Super-Priority DIP term loan ($5,592 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99%
Investment, par	[5],[7],[8],[17]	$ 5,592
Investment, due date	[5],[7],[8],[17]	2023-08
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($32,907 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and SOFR + 8.75% Interest Rate 13.27%
Investment, par	[1],[3],[4]			$ 32,907
Investment, due date	[1],[3],[4]			2028-07
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($42,717 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and Spread SOFR + 9.25% Interest Rate 14.16%
Investment, par	[5],[7],[8]	$ 42,717
Investment, due date	[5],[7],[8]	2028-07
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($56,400 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 10.76%
Investment, par	[1],[2],[3],[4]			$ 56,400
Investment, due date	[1],[2],[3],[4]			2026-12
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($57,701 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 12.70%
Investment, par	[5],[6],[7],[8],[9]	$ 57,701
Investment, due date	[5],[6],[7],[8],[9]	2026-12
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC ABL FILO term loan ($73,125 par, due 5/2026) Initial Acquisition Date 11/8/2021 Reference Rate and Spread L + 8.00% Interest Rate 12.41%
Investment, par	[1],[3],[4]			$ 73,125
Investment, due date	[1],[3],[4]			2026-05
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC, ABL FILO term loan ($72,188 par, due 5/2026) Initial Acquisition Date 11/08/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Investment, par	[4],[5],[7]	$ 72,188
Investment, due date	[5],[7],[8]	2026-05
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($44,674 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread L + 6.75% Interest Rate 10.49%
Investment, par	[1],[2],[3],[4]			$ 44,674
Investment, due date	[1],[2],[3],[4]			2027-12
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($51,233 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread SOFR + 6.85% Interest Rate 12.02%
Investment, par	[5],[6],[7],[8]	$ 51,233
Investment, due date	[5],[6],[7],[8]	2027-12
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien revolving loan ($12 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread P + 6.75% Interest Rate 15.00%
Investment, par	[5],[6],[7],[8],[9]	$ 12
Investment, due date	[5],[6],[7],[8],[9]	2027-12
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027 Initial Acquisition Date 11/12/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.41%
Investment, due date	[5],[6],[7],[8]	2027-11
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027 Initial Acquisition Date 11/12/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Investment, par	[5],[6],[7],[8]	$ 35,139
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027) Initial Acquisition Date 11/12/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.41%
Investment, par	[1],[2],[4]			$ 35,139
Investment, due date	[1],[2],[4]			2027-11
Investment, Identifier [Axis]: Derivative Interest Rate Swap
Notional value		652,500		$ 802,500
Fair market value		$ 2,150		2,472
Investment, Identifier [Axis]: Education Astra Acquisition Corp Second Lien loan (43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread L+8.88% Interest Rate13.26%
Investment, par	[1],[3],[4]			$ 43,479
Investment, due date	[1],[3],[4]			2029-10
Investment, Identifier [Axis]: Education Destiny Solutions Parent First lien loan (60,000 par, due 6/2026) Initial Acquisition Date 6/08/2021 Reference Rate and Spread 5.75% Interest Rate 10.13%
Investment, par	[1],[2],[3],[4]			$ 60,000
Investment, due date	[1],[2],[3],[4]			2026-06
Investment, Identifier [Axis]: Education EMS Linq Inc First lien loan (56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread 6.25% Interest Rate 10.63%
Investment, par	[1],[3],[4]			$ 56,216
Investment, due date	[1],[3],[4]			2027-12
Investment, Identifier [Axis]: Equity and Other Investments Business Services Dye & Durham, Ltd. Common Shares (126,968 shares) Initial Acquisition Date 12/3/2021
Investment, shares | shares		126,968	[5],[8],[9],[15]	126,968	[1],[4],[10],[20]	126,968	[5],[8],[9],[15]	126,968	[5],[8],[9],[15]	126,968	[5],[8],[9],[15]	126,968	[5],[8],[9],[15]	126,968	[1],[4],[10],[20]	126,968	[1],[4],[10],[20]	126,968	[1],[4],[10],[20]	126,968	[1],[4],[10],[20]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Mitnick TA Aggregator, LP Membership Interest (0.43% ownership) Initial Acquisition Date 5/2/2022
Partnership/Membership interest of ownership		0.43%	[5],[8],[21],[22]	0.43%	[1],[4],[23]	0.43%	[5],[8],[21],[22]	0.43%	[5],[8],[21],[22]	0.43%	[5],[8],[21],[22]	0.43%	[5],[8],[21],[22]	0.43%	[1],[4],[23]	0.43%	[1],[4],[23]	0.43%	[1],[4],[23]	0.43%	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-1 Units (567,683 units) Initial Acquisition Date 11/23/2021
Investment, shares | shares		567,683	[5],[8],[21],[22]	567,683	[1],[4],[23],[24]	567,683	[5],[8],[21],[22]	567,683	[5],[8],[21],[22]	567,683	[5],[8],[21],[22]	567,683	[5],[8],[21],[22]	567,683	[1],[4],[23],[24]	567,683	[1],[4],[23],[24]	567,683	[1],[4],[23],[24]	567,683	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-2 Units (2,580 units) Initial Acquisition Date 6/21/2022
Investment, shares | shares		2,580	[5],[8],[21],[22]	2,580	[1],[4],[23],[24]	2,580	[5],[8],[21],[22]	2,580	[5],[8],[21],[22]	2,580	[5],[8],[21],[22]	2,580	[5],[8],[21],[22]	2,580	[1],[4],[23],[24]	2,580	[1],[4],[23],[24]	2,580	[1],[4],[23],[24]	2,580	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (343,382 shares) Initial Acquisition Date 6/24/2021
Investment, shares | shares	[5],[8],[15],[22]	343,382				343,382		343,382		343,382		343,382
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (484,700 shares) Initial Acquisition Date 6/24/2021
Investment, shares | shares	[1],[4],[20],[23]			484,700										484,700		484,700		484,700		484,700
Investment, Identifier [Axis]: Equity and Other Investments Business Services WideOrbit, Inc. 1,567,807 Warrants Initial Acquisition Date 7/8/2020
Investment, shares | shares	[1],[4],[23]			1,567,807										1,567,807		1,567,807		1,567,807		1,567,807
Investment, Identifier [Axis]: Equity and Other Investments Communications Celtra Technologies, Inc. Class A Units (1,250,000 units) Initial Acquisition Date 11/19/2021
Investment, shares | shares		1,250,000	[5],[8],[22]	1,250,000	[1],[4],[23]	1,250,000	[5],[8],[22]	1,250,000	[5],[8],[22]	1,250,000	[5],[8],[22]	1,250,000	[5],[8],[22]	1,250,000	[1],[4],[23]	1,250,000	[1],[4],[23]	1,250,000	[1],[4],[23]	1,250,000	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 106,592 Warrants Initial Acquisition Date 4/8/2021
Investment, shares | shares		106,592	[5],[8],[22]	106,592	[1],[4],[23]	106,592	[5],[8],[22]	106,592	[5],[8],[22]	106,592	[5],[8],[22]	106,592	[5],[8],[22]	106,592	[1],[4],[23]	106,592	[1],[4],[23]	106,592	[1],[4],[23]	106,592	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 280,000 Warrants Initial Acquisition Date 2/28/2020
Investment, shares | shares		280,000	[5],[8],[22]	280,000	[1],[4],[23]	280,000	[5],[8],[22]	280,000	[5],[8],[22]	280,000	[5],[8],[22]	280,000	[5],[8],[22]	280,000	[1],[4],[23]	280,000	[1],[4],[23]	280,000	[1],[4],[23]	280,000	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series C Preferred Shares (1,816,295 shares) Initial Acquisition Date 4/8/2021
Investment, shares | shares		1,816,295	[5],[8],[22]	1,816,295	[1],[4],[23]	1,816,295	[5],[8],[22]	1,816,295	[5],[8],[22]	1,816,295	[5],[8],[22]	1,816,295	[5],[8],[22]	1,816,295	[1],[4],[23]	1,816,295	[1],[4],[23]	1,816,295	[1],[4],[23]	1,816,295	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series D Preferred Shares (1,598,874 shares) Initial Acquisition Date 4/8/2021
Investment, shares | shares		1,598,874	[5],[8],[22]	1,598,874	[1],[4],[23]	1,598,874	[5],[8],[22]	1,598,874	[5],[8],[22]	1,598,874	[5],[8],[22]	1,598,874	[5],[8],[22]	1,598,874	[1],[4],[23]	1,598,874	[1],[4],[23]	1,598,874	[1],[4],[23]	1,598,874	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Education Astra 2L Holdings II LLC Membership Interest (10.17% ownership) Initial Acquisition Date 1/13/2022
Partnership/Membership interest of ownership		10.17%	[5],[8],[22]	10.17%	[1],[4],[23],[25]	10.17%	[5],[8],[22]	10.17%	[5],[8],[22]	10.17%	[5],[8],[22]	10.17%	[5],[8],[22]	10.17%	[1],[4],[23],[25]	10.17%	[1],[4],[23],[25]	10.17%	[1],[4],[23],[25]	10.17%	[1],[4],[23],[25]
Investment, Identifier [Axis]: Equity and Other Investments Education EMS Linq, Inc. Class B Units (5,522,526 units) Initial Acquisition Date 12/22/2021
Investment, shares | shares		5,522,526	[5],[8],[22]	5,522,526	[1],[4],[23]	5,522,526	[5],[8],[22]	5,522,526	[5],[8],[22]	5,522,526	[5],[8],[22]	5,522,526	[5],[8],[22]	5,522,526	[1],[4],[23]	5,522,526	[1],[4],[23]	5,522,526	[1],[4],[23]	5,522,526	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Education RMCF IV CIV XXXV, LP. Partnership Interest (11.94% ownership) Initial Acquisition Date 6/8/2021
Partnership/Membership interest of ownership		11.94%	[5],[8],[22]	11.94%	[1],[4],[23]	11.94%	[5],[8],[22]	11.94%	[5],[8],[22]	11.94%	[5],[8],[22]	11.94%	[5],[8],[22]	11.94%	[1],[4],[23]	11.94%	[1],[4],[23]	11.94%	[1],[4],[23]	11.94%	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (150,541 shares) Initial Acquisition Date 10/15/2021
Investment, shares | shares	[5],[8],[15],[22]	150,541				150,541		150,541		150,541		150,541
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (200,721 shares) Initial Acquisition Date 10/15/2021
Investment, shares | shares	[1],[4],[20],[23]			200,721										200,721		200,721		200,721		200,721
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Newport Parent Holdings, LP Class A-2 Units (131,569 units) Initial Acquisition Date 12/10/2020
Investment, shares | shares		131,569	[5],[8],[22]	131,569	[1],[4],[25]	131,569	[5],[8],[22]	131,569	[5],[8],[22]	131,569	[5],[8],[22]	131,569	[5],[8],[22]	131,569	[1],[4],[25]	131,569	[1],[4],[25]	131,569	[1],[4],[25]	131,569	[1],[4],[25]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Oxford Square Capital Corp. Common Shares (1,620 shares) Initial Acquisition Date 8/5/2015
Investment, shares | shares		1,620	[5],[8],[9],[15]	1,620	[1],[4],[10],[20]	1,620	[5],[8],[9],[15]	1,620	[5],[8],[9],[15]	1,620	[5],[8],[9],[15]	1,620	[5],[8],[9],[15]	1,620	[1],[4],[10],[20]	1,620	[1],[4],[10],[20]	1,620	[1],[4],[10],[20]	1,620	[1],[4],[10],[20]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Passport Labs, Inc. 17,534 Warrants Initial Acquisition Date 4/28/2021
Investment, shares | shares		17,534	[5],[8],[22]	17,534	[1],[4],[23]	17,534	[5],[8],[22]	17,534	[5],[8],[22]	17,534	[5],[8],[22]	17,534	[5],[8],[22]	17,534	[1],[4],[23]	17,534	[1],[4],[23]	17,534	[1],[4],[23]	17,534	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services TradingScreen, Inc. Class A Units (600,000 units) Initial Acquisition Date 5/14/2021
Investment, shares | shares		600,000	[5],[8],[21],[22]	600,000	[1],[4],[23],[24]	600,000	[5],[8],[21],[22]	600,000	[5],[8],[21],[22]	600,000	[5],[8],[21],[22]	600,000	[5],[8],[21],[22]	600,000	[1],[4],[23],[24]	600,000	[1],[4],[23],[24]	600,000	[1],[4],[23],[24]	600,000	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 569,991 Warrants Initial Acquisition Date 4/2/2020
Investment, shares | shares		569,991	[5],[8],[26]	569,991	[1],[4],[23]	569,991	[5],[8],[26]	569,991	[5],[8],[26]	569,991	[5],[8],[26]	569,991	[5],[8],[26]	569,991	[1],[4],[23]	569,991	[1],[4],[23]	569,991	[1],[4],[23]	569,991	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 633,376 Warrants Initial Acquisition Date 9/21/2018
Investment, shares | shares		633,376	[5],[8],[26]	633,376	[1],[4],[23]	633,376	[5],[8],[26]	633,376	[5],[8],[26]	633,376	[5],[8],[26]	633,376	[5],[8],[26]	633,376	[1],[4],[23]	633,376	[1],[4],[23]	633,376	[1],[4],[23]	633,376	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series C Preferred Shares (362,319 shares) Initial Acquisition Date 10/13/2020
Investment, shares | shares		362,319	[5],[8],[22]	362,319	[1],[4],[23]	362,319	[5],[8],[22]	362,319	[5],[8],[22]	362,319	[5],[8],[22]	362,319	[5],[8],[22]	362,319	[1],[4],[23]	362,319	[1],[4],[23]	362,319	[1],[4],[23]	362,319	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series D Preferred Shares (1,240,740 shares) Initial Acquisition Date 5/11/2021
Investment, shares | shares		1,240,740	[5],[8],[26]	1,240,740	[1],[4],[23]	1,240,740	[5],[8],[26]	1,240,740	[5],[8],[26]	1,240,740	[5],[8],[26]	1,240,740	[5],[8],[26]	1,240,740	[1],[4],[23]	1,240,740	[1],[4],[23]	1,240,740	[1],[4],[23]	1,240,740	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Investment, shares | shares	[5],[8],[18],[21]	989,691				989,691		989,691		989,691		989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P. 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Investment, shares | shares	[1],[4],[23],[24],[25]			989,691										989,691		989,691		989,691		989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class A Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class B Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[23],[25]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class C Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class D Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class E Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class F Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class G Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class H Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class I Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Ordinary Shares Initial Acquisition Date 3/24/2023
Investment, shares | shares	[5],[8],[21],[26]	2,027				2,027		2,027		2,027		2,027
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Investment, shares | shares	[5],[8],[16],[20]	33,790,171				33,790,171		33,790,171		33,790,171		33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Investment, shares | shares	[5],[8],[22],[27]	8,800,000				8,800,000		8,800,000		8,800,000		8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Investment, shares | shares	[1],[4],[16],[23]			33,790,171										33,790,171		33,790,171		33,790,171		33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Investment, shares | shares	[1],[4],[16],[23]			8,800,000										8,800,000		8,800,000		8,800,000		8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc . Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Investment, shares | shares	[1],[4],[10],[23],[24]			3,780,000										3,780,000		3,780,000		3,780,000		3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc. Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Investment, shares | shares	[5],[8],[9],[21],[22]	3,780,000				3,780,000		3,780,000		3,780,000		3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Bswift LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Investment, shares | shares	[1],[4],[23],[25]			2,393,509										2,393,509		2,393,509		2,393,509		2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services ClearCompany, LLC Series A Preferred Units (1,429,228 units) Initial Acquisition Date 8/24/2018
Investment, shares | shares		1,429,228	[5],[8],[21],[22]	1,429,228	[1],[4],[23],[24]	1,429,228	[5],[8],[21],[22]	1,429,228	[5],[8],[21],[22]	1,429,228	[5],[8],[21],[22]	1,429,228	[5],[8],[21],[22]	1,429,228	[1],[4],[23],[24]	1,429,228	[1],[4],[23],[24]	1,429,228	[1],[4],[23],[24]	1,429,228	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services DaySmart Holdings, LLC Class A Units (166,811 units) Initial Acquisition Date 10/1/2019
Investment, shares | shares		166,811	[5],[8],[21],[22]	166,811	[1],[4],[23],[24]	166,811	[5],[8],[21],[22]	166,811	[5],[8],[21],[22]	166,811	[5],[8],[21],[22]	166,811	[5],[8],[21],[22]	166,811	[1],[4],[23],[24]	166,811	[1],[4],[23],[24]	166,811	[1],[4],[23],[24]	166,811	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. Series E Preferred Shares (113,250 shares) Initial Acquisition Date 3/1/2022
Investment, shares | shares		113,250	[5],[8],[9],[22]	113,250	[1],[4],[10],[23],[25]	113,250	[5],[8],[9],[22]	113,250	[5],[8],[9],[22]	113,250	[5],[8],[9],[22]	113,250	[5],[8],[9],[22]	113,250	[1],[4],[10],[23],[25]	113,250	[1],[4],[10],[23],[25]	113,250	[1],[4],[10],[23],[25]	113,250	[1],[4],[10],[23],[25]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services bswift, LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Investment, shares | shares	[5],[8],[22],[26]	2,393,509				2,393,509		2,393,509		2,393,509		2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Bayshore Intermediate #2, L.P. Common Units (12,330,709 units) Initial Acquisition Date 10/1/2021
Investment, shares | shares		12,330,709	[5],[8],[21],[22]	12,330,709	[1],[4],[23],[24]	12,330,709	[5],[8],[21],[22]	12,330,709	[5],[8],[21],[22]	12,330,709	[5],[8],[21],[22]	12,330,709	[5],[8],[21],[22]	12,330,709	[1],[4],[23],[24]	12,330,709	[1],[4],[23],[24]	12,330,709	[1],[4],[23],[24]	12,330,709	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Lucidworks, Inc. Series F Preferred Shares (199,054 shares) Initial Acquisition Date 8/2/2019
Investment, shares | shares		199,054	[5],[8],[22]	199,054	[1],[4],[23]	199,054	[5],[8],[22]	199,054	[5],[8],[22]	199,054	[5],[8],[22]	199,054	[5],[8],[22]	199,054	[1],[4],[23]	199,054	[1],[4],[23]	199,054	[1],[4],[23]	199,054	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-1 Preferred Shares (418,527 shares) Initial Acquisition Date 12/22/2021
Investment, shares | shares		418,527	[5],[8],[22]	418,527	[1],[4],[23]	418,527	[5],[8],[22]	418,527	[5],[8],[22]	418,527	[5],[8],[22]	418,527	[5],[8],[22]	418,527	[1],[4],[23]	418,527	[1],[4],[23]	418,527	[1],[4],[23]	418,527	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-2 Preferred Shares (27,588 shares) Initial Acquisition Date 11/18/2022
Investment, shares | shares		27,588	[5],[8],[22]	27,588	[1],[4],[23],[25]	27,588	[5],[8],[22]	27,588	[5],[8],[22]	27,588	[5],[8],[22]	27,588	[5],[8],[22]	27,588	[1],[4],[23],[25]	27,588	[1],[4],[23],[25]	27,588	[1],[4],[23],[25]	27,588	[1],[4],[23],[25]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class A Units (1,300 shares) Initial Acquisition Date 11/21/2022
Investment, shares | shares		1,300	[5],[8],[22],[26]	1,300	[1],[4],[23],[25]	1,300	[5],[8],[22],[26]	1,300	[5],[8],[22],[26]	1,300	[5],[8],[22],[26]	1,300	[5],[8],[22],[26]	1,300	[1],[4],[23],[25]	1,300	[1],[4],[23],[25]	1,300	[1],[4],[23],[25]	1,300	[1],[4],[23],[25]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class B Units (923,250 shares) Initial Acquisition Date 11/21/2022
Investment, shares | shares		923,250	[5],[8],[22],[26]	923,250	[1],[4],[23],[25]	923,250	[5],[8],[22],[26]	923,250	[5],[8],[22],[26]	923,250	[5],[8],[22],[26]	923,250	[5],[8],[22],[26]	923,250	[1],[4],[23],[25]	923,250	[1],[4],[23],[25]	923,250	[1],[4],[23],[25]	923,250	[1],[4],[23],[25]
Investment, Identifier [Axis]: Equity and Other Investments Marketing Services Validity, Inc. Series A Preferred Shares (3,840,000 shares) Initial Acquisition Date 5/31/2018
Investment, shares | shares		3,840,000	[5],[8],[22]	3,840,000	[1],[4],[23]	3,840,000	[5],[8],[22]	3,840,000	[5],[8],[22]	3,840,000	[5],[8],[22]	3,840,000	[5],[8],[22]	3,840,000	[1],[4],[23]	3,840,000	[1],[4],[23]	3,840,000	[1],[4],[23]	3,840,000	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC 13,355 Preferred Units Initial Acquisition Date 6/30/2022
Investment, shares | shares		13,355	[5],[8],[21],[26]	13,355	[1],[4],[24],[25]	13,355	[5],[8],[21],[26]	13,355	[5],[8],[21],[26]	13,355	[5],[8],[21],[26]	13,355	[5],[8],[21],[26]	13,355	[1],[4],[24],[25]	13,355	[1],[4],[24],[25]	13,355	[1],[4],[24],[25]	13,355	[1],[4],[24],[25]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels TRP Assets, LLC Partnership Interest (1.89% ownership) Initial Acquisition Date 8/25/2022
Partnership/Membership interest of ownership		1.89%	[5],[8],[21],[22],[26]	1.89%	[1],[4],[23],[24],[25]	1.89%	[5],[8],[21],[22],[26]	1.89%	[5],[8],[21],[22],[26]	1.89%	[5],[8],[21],[22],[26]	1.89%	[5],[8],[21],[22],[26]	1.89%	[1],[4],[23],[24],[25]	1.89%	[1],[4],[23],[24],[25]	1.89%	[1],[4],[23],[24],[25]	1.89%	[1],[4],[23],[24],[25]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 14,256 Warrants Initial Acquisition Date 8/5/2020
Investment, shares | shares		14,256	[5],[8],[9],[22]	14,256	[1],[4],[10],[23]	14,256	[5],[8],[9],[22]	14,256	[5],[8],[9],[22]	14,256	[5],[8],[9],[22]	14,256	[5],[8],[9],[22]	14,256	[1],[4],[10],[23]	14,256	[1],[4],[10],[23]	14,256	[1],[4],[10],[23]	14,256	[1],[4],[10],[23]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 65,250 Warrants Initial Acquisition Date 7/29/2022
Investment, shares | shares	[1],[4],[10],[23],[25]			65,250										65,250		65,250		65,250		65,250
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products American Achievement, Corp. Class A Units (687 units) Initial Acquisition Date 3/16/2021
Investment, shares | shares		687	[5],[8],[20]	687	[1],[4],[23]	687	[5],[8],[20]	687	[5],[8],[20]	687	[5],[8],[20]	687	[5],[8],[20]	687	[1],[4],[23]	687	[1],[4],[23]	687	[1],[4],[23]	687	[1],[4],[23]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (132,928 Certificates) Initial Acquisition Date 12/7/2020
Investment, shares | shares		132,928	[5],[8],[28]	132,928	[1],[4],[13]	132,928	[5],[8],[28]	132,928	[5],[8],[28]	132,928	[5],[8],[28]	132,928	[5],[8],[28]	132,928	[1],[4],[13]	132,928	[1],[4],[13]	132,928	[1],[4],[13]	132,928	[1],[4],[13]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (996,958 Certificates) Initial Acquisition Date 1/30/2021
Investment, shares | shares		996,958	[5],[8],[12]	996,958	[1],[4],[13]	996,958	[5],[8],[12]	996,958	[5],[8],[12]	996,958	[5],[8],[12]	996,958	[5],[8],[12]	996,958	[1],[4],[13]	996,958	[1],[4],[13]	996,958	[1],[4],[13]	996,958	[1],[4],[13]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Neuintel, LLC Class A Units (1,176,494 units) Initial Acquisition Date 12/21/2021
Investment, shares | shares		1,176,494	[5],[8],[20],[25]	1,176,494	[1],[4],[23],[24]	1,176,494	[5],[8],[20],[25]	1,176,494	[5],[8],[20],[25]	1,176,494	[5],[8],[20],[25]	1,176,494	[5],[8],[20],[25]	1,176,494	[1],[4],[23],[24]	1,176,494	[1],[4],[23],[24]	1,176,494	[1],[4],[23],[24]	1,176,494	[1],[4],[23],[24]
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, Structured Product ($1,000 par, due 6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-06
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, StructuredProduct ($1,000par,due6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Investment, par	[5],[7],[8],[9],[13]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-06
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A Structured Product ($1,500 par, due 5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 3.05% Interest Rate 6.06%
Investment, par	[1],[3],[4],[10],[28]			$ 1,500
Investment, due date	[1],[3],[4],[10],[28]			2031-05
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A StructuredProduct ($1,500par,due5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+3.05% Interest Rate 8.01%
Investment, par	[5],[7],[8],[9],[12]	$ 1,500
Investment, due date	[5],[7],[8],[9],[12]	2031-05
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 6.25% Interest Rate 9.03%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A StructuredProduct ($1,000par,due4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+6.25% Interest Rate 11.07%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L + 6.70% Interest Rate 9.21%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E StructuredProduct ($1,000par,due10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L+6.70% Interest Rate 11.49%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500 par, due 4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L + 5.35% Interest Rate 8.13%
Investment, par	[1],[3],[4],[10],[28]			$ 500
Investment, due date	[1],[3],[4],[10],[28]			2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500par,due4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L+5.35% Interest Rate 10.17%
Investment, par	[5],[7],[8],[9],[12]	$ 500
Investment, due date	[5],[7],[8],[9],[12]	2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.30% Interest Rate 5.81%
Investment, par	[1],[3],[4],[10],[28]			$ 1,300
Investment, due date	[1],[3],[4],[10],[28]			2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300par,due7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.30% Interest Rate 8.09%
Investment, par	[5],[7],[8],[9],[12]	$ 1,300
Investment, due date	[5],[7],[8],[9],[12]	2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425 par, due 1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L + 2.75% Interest Rate 5.46%
Investment, par	[1],[3],[4],[10],[28]			$ 1,425
Investment, due date	[1],[3],[4],[10],[28]			2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425par,due1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L+2.75% Interest Rate 7.56%
Investment, par	[5],[7],[8],[9],[12]	$ 1,425
Investment, due date	[5],[7],[8],[9],[12]	2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.85% Interest Rate 6.56%
Investment, par	[1],[3],[4],[10],[28]			$ 2,500
Investment, due date	[1],[3],[4],[10],[28]			2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500par,due7/2024) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.85% Interest Rate 8.66%
Investment, par	[5],[7],[8],[9],[12]	$ 2,500
Investment, due date	[5],[7],[8],[9],[12]	2024-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 6/16/2022 Reference Rate and Spread L + 5.50% Interest Rate 8.24%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000par,due7/2031)Initial Acquisition Date 6/16/2022 Reference Rate and Spread L+5.50% Interest Rate 10.29%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000 par, due 7/2033) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 6.00% Interest Rate 8.51%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2033-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000par,due7/2033)Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+6.00% Interest Rate 10.79%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2033-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L + 6.44% Interest Rate 9.15%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2032-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000par,due7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L+6.44% Interest Rate 11.25%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2032-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000par,due7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.90% Interest Rate 7.69%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2016-1, Ltd Structured Product ($1,600par,due4/2034) Initial Acquisition Date 2/15/2023 Reference Rate and Spread L+6.60% Interest Rate 11.41%
Investment, par	[5],[7],[8],[9],[12]	$ 1,600
Investment, due date	[5],[7],[8],[9],[12]	2034-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550 par, due 4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L + 5.75% Interest Rate 8.46%
Investment, par	[1],[3],[4],[10],[28]			$ 1,550
Investment, due date	[1],[3],[4],[10],[28]			2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550par,due4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L+5.75% Interest Rate 10.56%
Investment, par	[5],[7],[8],[9],[12]	$ 1,550
Investment, due date	[5],[7],[8],[9],[12]	2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000 par, due 1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L + 4.55% Interest Rate 7.26%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000par,due1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L+4.55% Interest Rate 9.36%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000 par, due 7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L + 6.85% Interest Rate 9.56%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000par,due7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L+6.85% Interest Rate 11.66%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000par,due4/2031)Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500 par, due 7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.24%
Investment, par	[1],[3],[4],[10],[28]			$ 1,500
Investment, due date	[1],[3],[4],[10],[28]			2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500par,due7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.29%
Investment, par	[5],[7],[8],[9],[12]	$ 1,500
Investment, due date	[5],[7],[8],[9],[12]	2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500 par, due 1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.50% Interest Rate 5.21%
Investment, par	[1],[3],[4],[10],[28]			$ 2,500
Investment, due date	[1],[3],[4],[10],[28]			2030-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500par,due1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+2.50% Interest Rate 7.31%
Investment, par	[5],[7],[8],[9],[12]	$ 2,500
Investment, due date	[5],[7],[8],[9],[12]	2030-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.76%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000par,due10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L+6.25% Interest Rate 11.04%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.21%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000par,due4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.31%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015 par, due 7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L + 6.35% Interest Rate 8.86%
Investment, par	[1],[3],[4],[10],[28]			$ 1,015
Investment, due date	[1],[3],[4],[10],[28]			2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015par,due7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L+6.35% Interest Rate 11.14%
Investment, par	[5],[7],[8],[9],[12]	$ 1,015
Investment, due date	[5],[7],[8],[9],[12]	2034-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000 par, due 1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L + 6.36% Interest Rate 8.87%
Investment, par	[1],[3],[4],[10],[28]			$ 2,000
Investment, due date	[1],[3],[4],[10],[28]			2037-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000par,due1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L+6.36% Interest Rate 11.15%
Investment, par	[5],[7],[8],[9],[12]	$ 2,000
Investment, due date	[5],[7],[8],[9],[12]	2037-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.55% Interest Rate 6.26%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000par,due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.55% Interest Rate 8.36%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L + 8.00% Interest Rate 10.17%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2035-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L+ 8.00% Interest Rate 12.64%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2035-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L + 5.25% Interest Rate 7.76%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L+ 5.25% Interest Rate 10.04%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L + 6.20% Interest Rate 8.98%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L+ 6.20% Interest Rate 11.02%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.52% Interest Rate 6.23%
Investment, par	[1],[3],[4],[10],[28]			$ 3,500
Investment, due date	[1],[3],[4],[10],[28]			2033-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.52% Interest Rate 8.33%
Investment, par	[5],[7],[8],[9],[12]	$ 3,500
Investment, due date	[5],[7],[8],[9],[12]	2033-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L + 6.05% Interest Rate 8.76%
Investment, par	[1],[3],[4],[10],[28]			$ 1,100
Investment, due date	[1],[3],[4],[10],[28]			2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L+ 6.05% Interest Rate 10.86%
Investment, par	[5],[7],[8],[9],[12]	$ 1,100
Investment, due date	[5],[7],[8],[9],[12]	2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L + 6.60% Interest Rate 9.11%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L+ 6.60% Interest Rate 11.39%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018 – 18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L+ 2.70% Interest Rate 7.49%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018-18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L + 2.70% Interest Rate 5.44%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018 – 1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L+ 2.95% Interest Rate 7.76%
Investment, par	[5],[7],[8],[9],[12]	$ 2,800
Investment, due date	[5],[7],[8],[9],[12]	2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018-1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L + 2.95% Interest Rate 5.66%
Investment, par	[1],[3],[4],[10],[28]			$ 2,800
Investment, due date	[1],[3],[4],[10],[28]			2030-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 6.04%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par,due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L+ 3.33% Interest Rate 8.14%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par, due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L + 6.58% Interest Rate 9.35%
Investment, par	[1],[3],[4],[10],[28]			$ 2,000
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par,due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L+ 6.58% Interest Rate 11.39%
Investment, par	[5],[7],[8],[9],[12]	$ 2,000
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000 par, due 4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L + 6.40% Interest Rate 8.91%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2033-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000par,due4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L+6.40% Interest Rate 11.19%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2033-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 5.84%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000par,due7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+3.33% Interest Rate 8.12%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L + 5.65% Interest Rate 8.43%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par,due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.47%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2031-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.96%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2032-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par,due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L+ 6.25% Interest Rate 11.06%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2032-07
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.60% Interest Rate 5.11%
Investment, par	[1],[3],[4],[10],[28]			$ 1,000
Investment, due date	[1],[3],[4],[10],[28]			2030-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par,due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+ 2.60% Interest Rate 7.39%
Investment, par	[5],[7],[8],[9],[12]	$ 1,000
Investment, due date	[5],[7],[8],[9],[12]	2030-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par, due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 5.75% Interest Rate 8.26%
Investment, par	[1],[3],[4],[10],[28]			$ 2,750
Investment, due date	[1],[3],[4],[10],[28]			2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par,due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+ 5.75% Interest Rate 10.54%
Investment, par	[5],[7],[8],[9],[12]	$ 2,750
Investment, due date	[5],[7],[8],[9],[12]	2031-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125 par, due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L + 3.35% Interest Rate 6.13%
Investment, par	[1],[3],[4],[10],[28]			$ 1,125
Investment, due date	[1],[3],[4],[10],[28]			2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125par,due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L+ 3.35% Interest Rate 8.17%
Investment, par	[5],[7],[8],[9],[12]	$ 1,125
Investment, due date	[5],[7],[8],[9],[12]	2034-10
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500 par, due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Investment, par	[1],[3],[4],[10],[28]			$ 1,500
Investment, due date	[1],[3],[4],[10],[28]			2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500par,due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+ 2.90% Interest Rate 7.69%
Investment, par	[5],[7],[8],[9],[12]	$ 1,500
Investment, due date	[5],[7],[8],[9],[12]	2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000 par, due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 3.72% Interest Rate 6.46%
Investment, par	[1],[3],[4],[10],[28]			$ 3,000
Investment, due date	[1],[3],[4],[10],[28]			2036-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000par,due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+ 3.72% Interest Rate 8.51%
Investment, par	[5],[7],[8],[9],[12]	$ 3,000
Investment, due date	[5],[7],[8],[9],[12]	2036-04
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000 par, due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L + 5.65% Interest Rate 6.46%
Investment, par	[1],[3],[4],[10],[20]			$ 2,000
Investment, due date	[1],[3],[4],[10],[20]			2031-01
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000par,due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.46%
Investment, par	[5],[7],[8],[9],[12]	$ 2,000
Investment, due date	[5],[7],[8],[9],[12]	2031-01
Investment, Identifier [Axis]: Financial Services BTRS Holdings Inc First lien loan (45,180 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate Spread 8.00% Interest Rate 12.50%
Investment, par	[1],[3],[4]			$ 45,180
Investment, due date	[1],[3],[4]			2028-12
Investment, Identifier [Axis]: Financial Services Bear OpCo LLC First lien loan (20,169 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate Spread 7.65% Interest Rate 11.97%
Investment, par	[1],[2],[3],[4]			$ 20,169
Investment, due date	[1],[2],[3],[4]			2024-10
Investment, Identifier [Axis]: Financial Services BlueSnap, Inc First lien loan (42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate Spread 6.75% Interest Rate 11.48%
Investment, par	[1],[2],[3],[4]			$ 42,000
Investment, due date	[1],[2],[3],[4]			2024-10
Investment, Identifier [Axis]: Financial Services G Treasury SS, LLC First lien loan (65,859 par, due 4/2024) Initial Acquisition Date 4/9/2018 Reference Rate Spread 8.40% Interest Rate 12.94%
Investment, par	[1],[2],[3],[4]			$ 65,859
Investment, due date	[1],[2],[3],[4]			2024-04
Investment, Identifier [Axis]: Hedge Accounting Swaps
Notional value		$ 650,000		$ 650,000
Fair market value		(52,649)		(55,083)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays L + 1.91% Maturity Date 8/1/2026
Notional value	[29],[30]			300,000
Fair market value	[29],[30]			(35,665)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays L + 1.91% Maturity Date 9/25/2023
Notional value	[11],[14],[31],[32]	300,000
Fair market value	[11],[14],[31],[32]	(2,946)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 2.50% Company Pays SOFR + 2.17% Maturity Date 8/1/2026
Fair market value		(31,302)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.25% Maturity Date 11/1/2024
Notional value	[29],[30],[33]			300,000
Fair market value	[29],[30],[33]			(16,493)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.25% Maturity Date 9/25/2023
Notional value	[11],[14],[32]	300,000
Fair market value	[11],[14],[32]	(3,748)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.46% Maturity Date 11/1/2024
Notional value	[29],[30],[33]			50,000
Fair market value	[29],[30],[33]			(2,925)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays L + 2.46% Maturity Date 9/25/2023
Notional value	[11],[14],[31],[32]	50,000
Fair market value	[11],[14],[31],[32]	(517)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays SOFR + 2.51% Maturity Date 11/1/2024
Fair market value		(12,022)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 3.875% Company Pays SOFR + 2.72% Maturity Date 11/1/2024
Fair market value		(2,114)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives 4.50% Company Pays L + 199% Maturity Date 1/22/2023
Notional value	[29]			150,000
Fair market value	[29]			(231)
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L + 2.28% Maturity Date 9/25/2023
Notional value	[11],[32],[34]	2,500
Investment, Identifier [Axis]: Interest Rate Swap Company Receives L+2.28% Company Pays 3.875% Maturity Date 11/1/2024
Notional value	[29],[35]			2,500
Investment, Identifier [Axis]: Interest Rate Swap, Cash collateral
Fair market value				57,786
Investment, Identifier [Axis]: Non Hedge Accounting Swaps
Notional value		$ 2,500		152,500
Fair market value				$ (231)
Investment, Identifier [Axis]: Non-controlled Affiliated Investments SMPA Holdings, LLC
Investment, shares | shares				15,000										15,000		15,000		15,000		15,000

[1] Certain portfolio company investments are subject to contractual restrictions on sales.

[2] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[3] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate, the Canadian Prime rate, or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at December 31, 2022.

[4] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:   Non-controlled, Affiliated Investments during the year ended December 31, 2022   Company   Fair
Value at
December 31, 2021     Gross
Additions (a)     Gross
Reductions (b)     Net Change
In Unrealized
Gain/(Loss)     Realized
Gain/(Loss)     Transfers     Fair
Value at
December 31,
2022     Other
Income     Interest
Income   MD America Energy,
   LLC (c)   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133    Total   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133  

[5] Certain portfolio company investments are subject to contractual restrictions on sales.

[6] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[7] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at June 30, 2023.

[8] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the six months ended June 30, 2023 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[9] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 10.0% of total assets as of June 30, 2023.

[10] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 9.7% of total assets as of December 31, 2022.

[11] Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

[12] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[13] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[14] Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

[15] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[16] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[17] In addition to the principal amount outstanding and accrued interest owed on this investment, the Company is entitled to a separate Make-Whole Amount (the “Make-Whole”) of $10.9 million. The Make-Whole is a contractual obligation of the borrower and accrues interest on the balance outstanding. The Make-Whole is included on the Company’s consolidated balance sheet within other assets, net of any valuation allowance. Given uncertainty relating to collectability of the Make-Whole, the Company has applied a full valuation allowance against the amount of the Make-Whole balance outstanding.

[18] Investment is on non-accrual status as of June 30, 2023.

[19] Investment is on non-accrual status as of December 31, 2022.

[20] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[21] Ownership of equity investments may occur through a holding company or partnership.

[22] This investment is non-income producing.

[23] This investment is non-income producing.

[24] Ownership of equity investments may occur through a holding company or partnership.

[25] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $47,288, or 3.5% of the Company’s net assets.

[26] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2023, the aggregate fair value of these securities is $16,423, or 1.1% of the Company’s net assets.

[27] As of June 30, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $3,079,332, resulting in estimated gross unrealized gains and losses of $124,352 and $114,625, respectively.

[28] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[29] Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

[30] Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

[31] $2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

[32] On March 5, 2021, the U.K. Financial Conduct Authority, announced that all USD LIBOR settings will either cease publication or no longer be representative after June 30, 2023 (the “Index Cessation Event”). As part of the Index Cessation Event, each instrument bearing interest at a rate determined by reference to LIBOR (each, a “Legacy LIBOR Instrument”) referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023.

[33] $2.5 million in aggregate notional value of these instruments is no longer designated as instruments in a hedge accounting relationship. The associated change in fair value of the de-designated portion is recorded within unrealized gain/(loss).

[34] The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

[35] The fair market value of this instrument is presented net with the $2.5 million in aggregate notional value of instruments no longer designated as instruments in a hedge accounting relationship.

XML

Consolidated Schedule of Investments (Affiliated Investments) (Unaudited) € in Thousands, £ in Thousands, $ in Thousands, $ in Thousands		6 Months Ended								12 Months Ended
		Jun. 30, 2023 USD ($)		Jun. 30, 2023 CAD ($)		Jun. 30, 2023 EUR (€)	Jun. 30, 2023 GBP (£)	Jun. 30, 2023 AUD ($)		Dec. 31, 2022 USD ($)
Fair Value, Beginning balance		$ 2,787,925,000
Fair Value, Ending balance		3,088,987,000								$ 2,787,925,000
Other Income		2,000
Investment, Identifier [Axis]: Chemicals
Fair Value, Beginning balance	[1],[2],[3]	19,248,000
Fair Value, Ending balance	[1],[2],[3]									19,248,000
Investment, Identifier [Axis]: Communications
Fair Value, Beginning balance	[1],[3]	71,487,000
Fair Value, Ending balance	[1],[3]									71,487,000
Investment, Identifier [Axis]: Communications Celtra Technologies,Inc First lien loan 34,650 par, due 11/2026 Initial Acquisition Date 11/19/2021 Reference Rate and SpreadL+7.00% Interest Rate11.38%
Fair Value, Beginning balance	[1],[3],[4],[5]	33,264,000
Fair Value, Ending balance	[1],[3],[4],[5]									33,264,000
Investment, Identifier [Axis]: Communications Convertible note (4,382 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Fair Value, Beginning balance	[1],[3]	4,240,000
Fair Value, Ending balance	[1],[3]									4,240,000
Investment, Identifier [Axis]: Communications IntelPeer Holding Inc First-lien loan ($34,677 par, due 12/2024) Initial Acquisition date 12/2/2019,Reference Rate and Spread l + 8.25% Interest Rate 12.63%
Fair Value, Beginning balance	[1],[3]	33,983,000
Fair Value, Ending balance	[1],[3]									33,983,000
Investment, Identifier [Axis]: Controlled Affiliated Investments
Fair Value, Beginning balance		70,755,000
Gross Additions		4,886,000	[6]							4,420,000	[7]
Gross Reductions	[8]									(1,553,000)
Net Change in Unrealized Gain/(Loss)		(8,987,000)								8,054,000
Realized Gain/(Loss)										55,000
Fair Value, Ending balance		66,654,000								70,755,000
Other Income										5,000
Interest Income		3,570,000								5,064,000
Investment, Identifier [Axis]: Controlled Affiliated Investments IRGSE Holding Corp.
Fair Value, Beginning balance		70,755,000								59,779,000
Gross Additions		4,886,000	[6]							4,420,000	[7]
Net Change in Unrealized Gain/(Loss)		(8,987,000)								6,556,000
Fair Value, Ending balance		66,654,000								70,755,000
Other Income		2,000								5,000
Interest Income		3,570,000								5,064,000
Investment, Identifier [Axis]: Controlled Affiliated Investments Mississippi Resources, LLC
Gross Reductions	[8]									(1,553,000)
Net Change in Unrealized Gain/(Loss)										1,498,000
Realized Gain/(Loss)										55,000
Investment, Identifier [Axis]: Debt Investments
Fair Value, Beginning balance	[1],[3],[9]	2,568,814,000
Fair Value, Ending balance	[1]	2,880,097,000	[10],[11]							2,568,814,000	[3],[9]
Investment, Identifier [Axis]: Debt Investments Automotive
Fair Value, Ending balance	[10],[12],[13]	71,622,000
Investment, Identifier [Axis]: Debt Investments Automotive Bestpass, Inc. First-lien loan ($40,000 par, due 5/2029) Initial Acquisition Date 5/26/2023 Reference Rate and Spread SOFR + 5.75% Interest Rate 10.85%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	39,000,000
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($32,725 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.69%
Fair Value, Ending balance	[10],[12],[13],[15]	32,622,000
Investment, Identifier [Axis]: Debt Investments Automotive Carlstar Group, LLC First-lien loan ($33,575 par, due 7/2027) Initial Acquisition Date 7/8/2022 Reference Rate and Spread SOFR + 6.60% Interest Rate 10.92%
Fair Value, Beginning balance	[1],[3],[5]	33,049,000
Fair Value, Ending balance	[1],[3],[5]									33,049,000
Investment, Identifier [Axis]: Debt Investments Business Services
Fair Value, Beginning balance	[1],[3],[12],[13],[15]	383,243,000
Fair Value, Ending balance	[12],[13],[15]	468,194,000								383,243,000	[1],[3]
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 10.02%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	43,559,000		$ 57,640
Investment, Identifier [Axis]: Debt Investments Business Services Acceo Solutions, Inc. First-lien loan (CAD 57,353 par, due 10/2025) Initial Acquisition Date 7/6/2018 Reference Rate and Spread C + 4.75% Interest Rate 9.49%
Fair Value, Beginning balance	[1],[2],[3],[4],[5]	42,540,000		57,640
Fair Value, Ending balance	[1],[2],[3],[4],[5]									42,540,000
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,720 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.63% Interest Rate 12.21%
Fair Value, Beginning balance	[1],[3],[4],[5]	69,242,000
Fair Value, Ending balance	[1],[3],[4],[5]									69,242,000
Investment, Identifier [Axis]: Debt Investments Business Services Alpha Midco, Inc. First-lien loan ($68,802 par, due 8/2025) Initial Acquisition Date 8/15/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.99%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	69,671,000
Investment, Identifier [Axis]: Debt Investments Business Services BCTO Ignition Purchaser, Inc. First-lien holdco loan ($30,000 par, due 10/2030) Initial Acquisition Date 4/18/2023 Reference Rate and Spread SOFR + 9.00% Interest Rate 13.98% PIK
Fair Value, Ending balance	[10],[12],[13],[15]	29,325,000
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 34,220 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 10.69%
Fair Value, Beginning balance	[1],[2],[3],[5]	24,113,000		32,672
Fair Value, Ending balance	[1],[2],[3],[5]									24,113,000
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien loan (CAD 37,343 par, due 12/2027) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.15%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	28,523,000		37,743
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,448 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread P + 6.75% Interest Rate 11.20%
Fair Value, Beginning balance	[1],[2],[3],[5]	1,069,000		1,448
Fair Value, Ending balance	[1],[2],[3],[5]									1,069,000
Investment, Identifier [Axis]: Debt Investments Business Services Dye & Durham Corp. First-lien revolving loan (CAD 1,992 par, due 12/2026) Initial Acquisition Date 12/3/2021 Reference Rate and Spread C + 5.75% Interest Rate 11.09%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,505,000		1,992
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($57,950 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread L + 7.50% Interest Rate 12.23%
Fair Value, Beginning balance	[1],[3],[4],[5]	56,791,000
Fair Value, Ending balance	[1],[3],[4],[5]									56,791,000
Investment, Identifier [Axis]: Debt Investments Business Services ExtraHop Networks, Inc. First-lien loan ($62,163 par, due 7/2027) Initial Acquisition Date 7/22/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.70%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	61,231,000
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,606 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 13.72% (incl. 9.00% PIK)
Fair Value, Beginning balance	[1],[3],[5]	2,489,000
Fair Value, Ending balance	[1],[3],[5]									2,489,000
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($2,726 par, due 8/2026) Initial Acquisition Date 7/1/2022 Reference Rate and Spread L + 9.00% Interest Rate 14.54% (incl. 9.00% PIK)
Fair Value, Ending balance	[10],[12],[13],[15]	2,726,000
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,502 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 14.23% (incl. 9.50% PIK)
Fair Value, Beginning balance	[1],[3],[5]	6,421,000
Fair Value, Ending balance	[1],[3],[5]									6,421,000
Investment, Identifier [Axis]: Debt Investments Business Services ForeScout Technologies, Inc. First-lien loan ($6,818 par, due 8/2026) Initial Acquisition Date 8/17/2020 Reference Rate and Spread L + 9.50% Interest Rate 15.04% (incl. 9.50% PIK)
Fair Value, Ending balance	[10],[12],[13],[15]	6,869,000
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien loan ($64,904 par, due 5/2030) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Fair Value, Ending balance	[12],[13],[15],[17]	63,768,000
Investment, Identifier [Axis]: Debt Investments Business Services Galileo Parent, Inc. First-lien revolving loan ($4,471 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Fair Value, Ending balance	[12],[13],[15],[17],[18]	4,294,000
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,150 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 8.26%
Fair Value, Beginning balance	[1],[2],[3],[5]	3,213,000				€ 3,011
Fair Value, Ending balance	[1],[2],[3],[5]									3,213,000
Investment, Identifier [Axis]: Debt Investments Business Services Hornetsecurity Holding GmbH First-lien loan (EUR 3,437 par, due 11/2029) Initial Acquisition Date 11/14/2022 Reference Rate and Spread E + 6.50% Interest Rate 9.82%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	3,409,000				3,125
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,730 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.86%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	17,597,000
Investment, Identifier [Axis]: Debt Investments Business Services Information Clearinghouse, LLC and MS Market Service, LLC First-lien loan ($17,820 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.16%
Fair Value, Beginning balance	[1],[3],[4],[5]	17,375,000
Fair Value, Ending balance	[1],[3],[4],[5]									17,375,000
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($331 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 9.90%
Fair Value, Ending balance	[10],[12],[13],[15]	320,000
Investment, Identifier [Axis]: Debt Investments Business Services Mitnick Corporate Purchaser, Inc. First-lien loan ($333 par, due 5/2029) Initial Acquisition Date 5/2/2022 Reference Rate and Spread SOFR + 4.85% Interest Rate 8.94%
Fair Value, Beginning balance	[1],[3],[5],[19]	311,000
Fair Value, Ending balance	[1],[3],[5],[19]									311,000
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,119 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 9.70%
Fair Value, Beginning balance	[1],[3],[5]	35,119,000
Fair Value, Ending balance	[1],[3],[5]									35,119,000
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien loan ($36,425 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.30%
Fair Value, Ending balance	[10],[12],[13],[15],[18]	36,190,000
Investment, Identifier [Axis]: Debt Investments Business Services Netwrix Corp. First-lien revolving loan ($718 par, due 6/2029) Initial Acquisition Date 6/9/2022 Reference Rate and Spread SOFR + 5.00% Interest Rate 10.24%
Fair Value, Ending balance	[10],[12],[13],[15]	703,000
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,004 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 7.74%
Fair Value, Beginning balance	[1],[2],[3],[4],[5]	3,112,000				2,916
Fair Value, Ending balance	[1],[2],[3],[4],[5]									3,112,000
Investment, Identifier [Axis]: Debt Investments Business Services OutSystems Luxco SARL First-lien loan (EUR 3,277 par, due 12/2028) Initial Acquisition Date 12/8/2022 Reference Rate and Spread E + 5.75% Interest Rate 9.35%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	3,263,000				2,991
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($63,477 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 11.83%
Fair Value, Beginning balance	[1],[3],[4],[5]	63,477,000
Fair Value, Ending balance	[1],[3],[4],[5]									63,477,000
Investment, Identifier [Axis]: Debt Investments Business Services ReliaQuest Holdings, LLC First-lien loan ($72,258 par, due 10/2026) Initial Acquisition Date 10/8/2020 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.10%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	72,800,000
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.19%
Fair Value, Beginning balance	[1],[3],[19]	10,680,000
Fair Value, Ending balance	[1],[3],[19]									10,680,000
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien loan ($12,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread SOFR + 4.60% Interest Rate 9.82%
Fair Value, Ending balance	[12],[13],[15],[17]	11,182,000
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($12,645 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Fair Value, Ending balance	[12],[13],[15]	11,259,000
Investment, Identifier [Axis]: Debt Investments Business Services TIBCO Software Inc. First-lien note ($13,000 par, due 3/2029) Initial Acquisition Date 9/20/2022 Reference Rate and Spread 6.50% Interest Rate 6.50%
Fair Value, Beginning balance	[1],[3],[19]	10,944,000
Fair Value, Ending balance	[1],[3],[19]									10,944,000
Investment, Identifier [Axis]: Debt Investments Business Services WideOrbit, Inc. First-lien loan ($35,548 par, due 7/2025) Initial Acquisition Date 7/8/2020 Reference Rate and Spread L + 8.50% Interest Rate 12.88%
Fair Value, Beginning balance	[1],[3],[5]	36,347,000
Fair Value, Ending balance	[1],[3],[5]									36,347,000
Investment, Identifier [Axis]: Debt Investments Chemicals
Fair Value, Ending balance	[10],[12],[13]	20,622,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 10.12%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	7,762,000				7,114
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 11.68%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	12,860,000					£ 10,115
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (EUR 7,239 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread E + 6.75% Interest Rate 8.73%
Fair Value, Beginning balance	[1],[2],[3]	7,326,000
Fair Value, Ending balance	[1],[2],[3]									7,326,000
Investment, Identifier [Axis]: Debt Investments Chemicals Erling Lux Bidco SARL. First-lien loan (GBP 10,217 par, due 9/2028) Initial Acquisition Date 9/6/2022 Reference Rate and Spread S + 6.75% Interest Rate 10.20%
Fair Value, Beginning balance	[1],[2],[3]	11,922,000
Fair Value, Ending balance	[1],[2],[3]									11,922,000
Investment, Identifier [Axis]: Debt Investments Communications
Fair Value, Ending balance	[10],[12],[13]	91,383,000
Investment, Identifier [Axis]: Debt Investments Communications Banyan Software Holdings, LLC First-lien loan ($19,900 par, due 10/2026) Initial Acquisition Date 1/27/2023 Reference Rate and Spread SOFR + 7.35% Interest Rate 12.45%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	19,302,000
Investment, Identifier [Axis]: Debt Investments Communications Celtra Technologies, Inc. First-lien loan ($34,475 par, due 11/2026) Initial Acquisition Date 11/19/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	33,786,000
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. Convertible note ($4,536 par, due 5/2028) Initial Acquisition Date 5/12/2021 Reference Rate and Spread 6.50% Interest Rate 6.50% PIK
Fair Value, Ending balance	[10],[12],[13]	4,604,000
Investment, Identifier [Axis]: Debt Investments Communications IntelePeer Holdings, Inc. First-lien loan ($34,204 par, due 12/2024) (3) Initial Acquisition Date 12/2/2019 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Fair Value, Ending balance	[10],[12],[13]	33,691,000
Investment, Identifier [Axis]: Debt Investments Education
Fair Value, Ending balance	[10],[12],[13]	152,905,000
Investment, Identifier [Axis]: Debt Investments Education Astra Acquisition Corp. Second-lien loan ($43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread SOFR + 8.99% Interest Rate 14.09%
Fair Value, Ending balance	[10],[12],[13],[15]	34,566,000
Investment, Identifier [Axis]: Debt Investments Education Destiny Solutions Parent Holding Company First-lien loan ($59,850 par, due 6/2026) Initial Acquisition Date 6/8/2021 Reference Rate and Spread SOFR + 5.85% Interest Rate 11.09%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	58,803,000
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien loan ($56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Fair Value, Ending balance	[10],[12],[13],[15]	54,529,000
Investment, Identifier [Axis]: Debt Investments Education EMS Linq, Inc. First-lien revolving loan ($5,270 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.45%
Fair Value, Ending balance	[10],[12],[13],[15]	5,007,000
Investment, Identifier [Axis]: Debt Investments Financial Services
Fair Value, Beginning balance	[1],[3],[5],[9]	347,984,000
Fair Value, Ending balance		290,095,000	[10],[12],[13]							347,984,000	[1],[3],[5],[9]
Investment, Identifier [Axis]: Debt Investments Financial Services Alaska Bidco Oy First-lien loan (EUR 727 par, due 5/2030) Initial Acquisition Date 5/30/2023 Reference Rate and Spread E + 6.25% Interest Rate 9.89%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	766,000				702
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien loan ($46,098 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.22%
Fair Value, Ending balance	[10],[12],[13],[15]	45,407,000
Investment, Identifier [Axis]: Debt Investments Financial Services BTRS Holdings, Inc. First-lien revolving loan ($1,687 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.36%
Fair Value, Ending balance	[10],[12],[13],[15]	1,614,000
Investment, Identifier [Axis]: Debt Investments Financial Services Bear OpCo, LLC First-lien loan ($20,774 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.75%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	21,034,000
Investment, Identifier [Axis]: Debt Investments Financial Services BlueSnap, Inc. First-lien loan ($42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	42,222,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,518 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L + 4.50% Interest Rate 9.98%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	1,558,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis Intermediate Co. First-lien loan ($1,526 par, due 5/2027) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 5.00% Interest Rate 9.73%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	1,565,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									1,565,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($13,957 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.98% PIK
Fair Value, Beginning balance	[1],[3],[5],[9]	13,643,000
Fair Value, Ending balance	[1],[3],[5],[9]									13,643,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ibis US Blocker Co. First-lien loan ($14,897 par, due 5/2028) Initial Acquisition Date 5/28/2021 Reference Rate and Spread L +8.25% Interest Rate 13.73% PIK
Fair Value, Ending balance	[10],[12],[13],[15]	14,748,000
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,000 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate and Spread SOFR + 5.40% Interest Rate 10.64%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	19,000,000
Investment, Identifier [Axis]: Debt Investments Financial Services Jonas Collections and Recovery, Inc. First-lien loan ($19,125 par, due 6/2026) Initial Acquisition Date 6/21/2021 Reference Rate Spread L + 5.25% Interest Rate 10.40%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	18,790,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									18,790,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,051 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 9.00% Interest Rate 13.73% (incl. 9.00% PIK)
Fair Value, Beginning balance	[1],[3],[5],[9]	19,147,000
Fair Value, Ending balance	[1],[3],[5],[9]									19,147,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan ($19,928 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 9.00% Interest Rate 14.21% (incl. 9.00% PIK)
Fair Value, Ending balance	[10],[12],[13],[15]	20,078,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 10,381 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 9.00% Interest Rate 12.29% (incl. 9.00% PIK)
Fair Value, Ending balance	[10],[12],[13],[15]	11,411,000				10,459
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien loan (EUR 9,924 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 9.00% Interest Rate 11.20% (incl. 9.00% PIK)
Fair Value, Beginning balance	[1],[3],[5],[9]	10,645,000				9,974
Fair Value, Ending balance	[1],[3],[5],[9]									10,645,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread L + 7.25% Interest Rate 11.98%
Fair Value, Beginning balance	[1],[3],[5],[9]	1,418,000
Fair Value, Ending balance	[1],[3],[5],[9]									1,418,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan ($1,411 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread L + 7.25% Interest Rate 12.46%
Fair Value, Ending balance	[10],[12],[13],[15]	1,421,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate Spread E + 7.25% Interest Rate 9.45%
Fair Value, Beginning balance	[1],[3],[5],[9]	358,000				336
Fair Value, Ending balance	[1],[3],[5],[9]									358,000
Investment, Identifier [Axis]: Debt Investments Financial Services Kyriba Corp. First-lien revolving loan (EUR 336 par, due 4/2025) Initial Acquisition Date 4/9/2019 Reference Rate and Spread E + 7.25% Interest Rate 10.54%
Fair Value, Ending balance	[10],[12],[13],[15]	366,000				336
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. Convertible Promissory Note A ($694 par, due 9/2024) Initial Acquisition Date 3/2/2023 Reference Rate and Spread 8.00% Interest Rate 8.00%
Fair Value, Ending balance	[10],[12],[13]	851,000
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($23,390 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate Spread L + 8.25% Interest Rate 12.58% (incl. 4.125% PIK)
Fair Value, Beginning balance	[1],[3],[5],[9]	22,783,000
Fair Value, Ending balance	[1],[3],[5],[9]									22,783,000
Investment, Identifier [Axis]: Debt Investments Financial Services Passport Labs, Inc. First-lien loan ($24,098 par, due 4/2026) Initial Acquisition Date 4/28/2021 Reference Rate and Spread SOFR + 8.40% Interest Rate 13.64%
Fair Value, Ending balance	[10],[12],[13]	23,739,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.32%
Fair Value, Beginning balance	[1],[3],[5],[9]	21,977,000
Fair Value, Ending balance	[1],[3],[5],[9]									21,977,000
Investment, Identifier [Axis]: Debt Investments Financial Services Ping Identity Holding Corp. First-lien loan ($22,727 par, due 10/2029) Initial Acquisition Date 10/17/2022 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.08%
Fair Value, Ending balance	[10],[12],[13],[15]	22,415,000
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($16,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Fair Value, Ending balance	[10],[12],[13],[15]	16,621,000
Investment, Identifier [Axis]: Debt Investments Financial Services PrimeRevenue, Inc. First-lien loan ($22,507 par, due 12/2023) Initial Acquisition Date 12/31/2018 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Fair Value, Beginning balance	[1],[3],[5],[9]	22,507,000
Fair Value, Ending balance	[1],[3],[5],[9]									22,507,000
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. Delayed draw term loan ($3,000 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread SOFR + 6.35% Interest Rate 11.44%
Fair Value, Ending balance	[12],[13],[16],[20]	2,962,000
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,438 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.52%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	43,882,000
Investment, Identifier [Axis]: Debt Investments Financial Services TradingScreen, Inc. First-lien loan ($44,663 par, due 4/2027) Initial Acquisition Date 4/30/2021 Reference Rate Spread 4/30/2021 Interest Rate 10.66%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	43,769,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									43,769,000
Investment, Identifier [Axis]: Debt Investments Healthcare
Fair Value, Beginning balance	[1],[3],[4],[5]	254,602,000
Fair Value, Ending balance		274,685,000	[10],[12],[13]							254,602,000	[1],[3],[4],[5]
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($63,565 par, due 11/2026) Initial Acquisition Date 11/23/2020 Reference Rate Spread SOFR + 7.70% Interest Rate 12.10%
Fair Value, Beginning balance	[1],[3],[4],[5]	62,930,000
Fair Value, Ending balance	[1],[3],[4],[5]									62,930,000
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. First-lien loan ($67,408 par, due 11/2027) Initial Acquisition Date 11/23/2020 Reference Rate and Spread SOFR + 8.45% Interest Rate 13.71%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	67,408,000
Investment, Identifier [Axis]: Debt Investments Healthcare BCTO Ace Purchaser, Inc. Second-lien loan ($5,194 par, due 1/2030) Initial Acquisition Date 1/23/2023 Reference Rate and Spread SOFR + 10.70% Interest Rate 15.77% PIK
Fair Value, Ending balance	[10],[12],[13],[15]	5,142,000
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 8.00% Interest Rate 8.00%
Fair Value, Beginning balance	[1],[3]	5,848,000
Fair Value, Ending balance	[1],[3]									5,848,000
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. Convertible note ($2,602 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate and Spread 8.00% Interest Rate 8.00%
Fair Value, Ending balance	[10],[12],[13]	5,386,000
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($3,750 par, due 4/2025) Initial Acquisition Date 4/2/2020 Reference Rate Spread 11.30% Interest Rate 11.30%
Fair Value, Beginning balance	[1],[3]	3,900,000
Fair Value, Ending balance	[1],[3]									3,900,000
Investment, Identifier [Axis]: Debt Investments Healthcare Caris Life Sciences, Inc. First-lien loan ($5,000 par, due 9/2023) Initial Acquisition Date 9/21/2018 Reference Rate Spread 11.30% Interest Rate 11.30%
Fair Value, Beginning balance	[1],[3]	5,100,000
Fair Value, Ending balance	[1],[3]									5,100,000
Investment, Identifier [Axis]: Debt Investments Healthcare Edge Bidco B.V First-lien loan (EUR 3,471 par, due 2/2029) Initial Acquisition Date 2/24/2023 Reference Rate and Spread E + 7.00% Interest Rate 10.60% (incl. 3.25% PIK)
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	3,697,000				€ 3,389
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate Spread SOFR + 5.70% Interest Rate 10.02%
Fair Value, Beginning balance	[1],[3],[4],[5]	63,213,000
Fair Value, Ending balance	[1],[3],[4],[5]									63,213,000
Investment, Identifier [Axis]: Debt Investments Healthcare Homecare Software Solutions, LLC First-lien loan ($65,000 par, due 10/2026) Initial Acquisition Date 10/6/2021 Reference Rate and Spread SOFR + 5.70% Interest Rate 10.79%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	64,187,000
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($44,868 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate and Spread SOFR + 7.00% Interest Rate 12.20%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	44,868,000
Investment, Identifier [Axis]: Debt Investments Healthcare Integrated Practice Solutions, Inc. First-lien loan ($46,312 par, due 10/2024) Initial Acquisition Date 6/30/2017 Reference Rate Spread L + 7.50% Interest Rate 11.89%
Fair Value, Beginning balance	[1],[3],[4],[5]	46,312,000
Fair Value, Ending balance	[1],[3],[4],[5]									46,312,000
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.84%
Fair Value, Beginning balance	[1],[3],[4],[5]	67,299,000
Fair Value, Ending balance	[1],[3],[4],[5]									67,299,000
Investment, Identifier [Axis]: Debt Investments Healthcare Merative L.P. First-lien loan ($70,103 par, due 6/2028) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.50%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	68,701,000
Investment, Identifier [Axis]: Debt Investments Healthcare Raptor US Buyer II Corp. First-lien loan ($15,648par,due3/2029) Initial Acquisition Date 3/24/2023 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.97%
Fair Value, Ending balance	[10],[12],[13],[15]	15,296,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure
Fair Value, Beginning balance	[1],[3],[4],[5]	102,559,000
Fair Value, Ending balance		110,489,000	[10],[12],[13]							102,559,000	[1],[3],[4],[5]
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,048 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate Spread SOFR + 6.35% Interest Rate 10.67%
Fair Value, Beginning balance	[1],[3],[4],[5]	56,260,000
Fair Value, Ending balance	[1],[3],[4],[5]									56,260,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure ASG II, LLC First-lien loan ($58,963 par, due 5/2028) Initial Acquisition Date 5/25/2022 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.08%
Fair Value, Ending balance	[10],[14],[15]	58,999,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.19%
Fair Value, Beginning balance	[1],[3],[5],[11]	29,807,000
Fair Value, Ending balance	[1],[3],[5],[11]									29,807,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien loan ($30,261 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.86%
Fair Value, Ending balance	[10],[12],[13],[15]	30,034,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($16,747 par, due 6/2023) Initial Acquisition Date 9/29/2015 Reference Rate Spread L + 9.50% Interest Rate 14.23%
Fair Value, Beginning balance	[1],[3],[5],[11]	16,492,000
Fair Value, Ending balance	[1],[3],[5],[11]									16,492,000
Investment, Identifier [Axis]: Debt Investments Hotel, Gaming and Leisure IRGSE Holding Corp. First-lien revolving loan ($21,632 par, due 6/2024) Initial Acquisition Date 9/29/2015 Reference Rate and Spread SOFR + 9.65% Interest Rate 14.92%
Fair Value, Ending balance	[10],[12],[13],[15]	21,456,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services
Fair Value, Beginning balance	[12],[13],[21]	316,772,000
Fair Value, Ending balance	[12],[13],[21]									316,772,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Axonify, Inc. First-lien loan ($47,122 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate Spread SOFR + 7.65% Interest Rate SOFR + 7.65%
Fair Value, Beginning balance	[12],[13],[14],[15],[16],[21]	46,190,000
Fair Value, Ending balance	[12],[13],[14],[15],[16],[21]									46,190,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Elysian Finco Ltd. First-lien loan ($17,314 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate Spread SOFR + 6.65% Interest Rate 10.99%
Fair Value, Beginning balance	[12],[13],[14],[15],[16],[21]	17,107,000
Fair Value, Ending balance	[12],[13],[14],[15],[16],[21]									17,107,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Employment Hero Holdings Pty Ltd First-lien loan (AUD 50,000 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate Spread B + 6.50% Interest Rate 9.77%
Fair Value, Beginning balance	[12],[13],[15],[16],[21]	32,839,000						$ 51,076
Fair Value, Ending balance	[12],[13],[15],[16],[21]									32,839,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Modern Hire, Inc. First-lien loan ($28,878 par, due 5/2024) Initial Acquisition Date 5/15/2019 Reference Rate Spread L + 7.00% Interest Rate 11.38%
Fair Value, Beginning balance	[12],[13],[14],[15],[21]	28,950,000
Fair Value, Ending balance	[12],[13],[14],[15],[21]									28,950,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan ($12,011 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread L + 5.50% Interest Rate 10.65%
Fair Value, Beginning balance	[12],[13],[14],[15],[16],[21]	11,771,000
Fair Value, Ending balance	[12],[13],[14],[15],[16],[21]									11,771,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,520 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate Spread B + 5.50% Interest Rate 9.28%
Fair Value, Beginning balance	[12],[13],[14],[15],[16],[21]	9,534						14,059
Fair Value, Ending balance	[12],[13],[14],[15],[16],[21]									9,534
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,766 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate Spread S + 5.62% Interest Rate 8.55%
Fair Value, Beginning balance	[12],[13],[14],[15],[16],[21]	4,439,000					3,690
Fair Value, Ending balance	[12],[13],[14],[15],[16],[21]									4,439,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,775 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate Spread L + 5.75% Interest Rate 10.48%
Fair Value, Beginning balance	[12],[13],[14],[15],[21]	67,572,000
Fair Value, Ending balance	[12],[13],[14],[15],[21]									67,572,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($32,242 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate Spread SOFR + 7.15% Interest Rate 11.73%
Fair Value, Beginning balance	[12],[13],[14],[15],[21]	31,355,000
Fair Value, Ending balance	[12],[13],[14],[15],[21]									31,355,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,798 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate Spread SOFR + 7.40% Interest Rate 11.80%
Fair Value, Beginning balance	[12],[13],[14],[15],[21]	23,441,000
Fair Value, Ending balance	[12],[13],[14],[15],[21]									23,441,000
Investment, Identifier [Axis]: Debt Investments Hotel, Human Resource Support Services bswift, LLC First-lien loan ($44,806 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate Spread SOFR + 6.63% Interest Rate 10.81%
Fair Value, Beginning balance	[12],[13],[14],[15],[21]	43,574,000
Fair Value, Ending balance	[12],[13],[14],[15],[21]									43,574,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services
Fair Value, Beginning balance	[9],[12],[13]	369,758,000
Fair Value, Ending balance	[9],[12],[13]									369,758,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services EDB Parent, LLC First-lien loan ($56,963 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate Spread SOFR + 7.00% Interest Rate 11.58%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	55,539,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									55,539,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Higher Logic, LLC First-lien loan ($55,820 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	55,541,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									55,541,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services LeanTaaS Holdings, Inc. First-lien loan ($27,782 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.83%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	26,709,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									26,709,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Fair Value, Beginning balance	[5],[9],[12],[13]	53,469,000
Fair Value, Ending balance	[5],[9],[12],[13]									53,469,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lithium Technologies, LLC First-lien revolving loan ($1,320 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate Spread SOFR + 8.00% Interest Rate 12.06%
Fair Value, Beginning balance	[5],[9],[12],[13]	1,245,000
Fair Value, Ending balance	[5],[9],[12],[13]									1,245,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Lucidworks, Inc. First-lien loan ($8,330 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate Spread SOFR + 7.50% Interest Rate 11.82% (incl. 3.50% PIK)
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	8,170,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									8,170,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Piano Software, Inc First-lien loan ($51,312 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate Spread SOFR + 7.10% Interest Rate 11.42%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	50,029,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									50,029,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate Spread SOFR + 6.75% Interest Rate 11.07%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	35,268,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									35,268,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien loan ($32,194 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 12.04% PIK
Fair Value, Beginning balance	[5],[9],[12],[13]	31,308,000
Fair Value, Ending balance	[5],[9],[12],[13]									31,308,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell Bayshore Intermediate #2, L. First-lien revolving loan ($780 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate Spread L + 7.75% Interest Rate 10.89%
Fair Value, Beginning balance	[5],[9],[12],[13]	714,000
Fair Value, Ending balance	[5],[9],[12],[13]									714,000
Investment, Identifier [Axis]: Debt Investments Hotel, Internet Services Workwell CrunchTime Information, Systems, Inc First-lien loan ($53,121 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate Spread SOFR + 6.00 Interest Rate 10.32%
Fair Value, Beginning balance	[4],[5],[9],[12],[13]	51,766,000
Fair Value, Ending balance	[4],[5],[9],[12],[13]									51,766,000
Investment, Identifier [Axis]: Debt Investments Hotel, Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate Spread SOFR + 7.25% Interest Rate 11.83%
Fair Value, Beginning balance	[1],[3],[5],[9]	37,255,000
Fair Value, Ending balance	[1],[3],[5],[9]									37,255,000
Investment, Identifier [Axis]: Debt Investments Hotel, Office Products USR Parent, Inc. ABL FILO term loan ($19,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate Spread SOFR + 6.50% Interest Rate 10.62%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	18,478,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									18,478,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services
Fair Value, Ending balance	[12],[13]	348,717,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Axonify, Inc. First-lien loan ($49,129 par, due 5/2026) Initial Acquisition Date 5/5/2021 Reference Rate and Spread SOFR + 7.65% Interest Rate 12.71%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	48,729,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Elysian Finco Ltd. First-lien loan ($18,399 par, due 1/2028) Initial Acquisition Date 1/31/2022 Reference Rate and Spread SOFR + 6.65% Interest Rate 11.76%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	18,634,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. First-lien loan (AUD 33,282 par, due 12/2026) Initial Acquisition Date 12/6/2021 Reference Rate and Spread B + 6.50% Interest Rate 10.86%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	32,968,000						49,528
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services HireVue, Inc. First-lien loan ($54,113 par, due 5/2029) Initial Acquisition Date 5/3/2023 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.34%
Fair Value, Ending balance	[10],[12],[13],[15]	52,893,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan ($11,946 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread SOFR + 5.60% Interest Rate 10.70%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	11,886,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (AUD 14,433 par, due 12/2025) Initial Acquisition Date 1/11/2018 Reference Rate and Spread B + 5.50% Interest Rate 9.28%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	9,559,000						14,360
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PageUp People, Ltd. First-lien loan (GBP 3,742 par, due 12/2025) Initial Acquisition Date 10/28/2021 Reference Rate and Spread S + 5.53% Interest Rate 9.96%
Fair Value, Ending balance	[10],[12],[13],[14],[15],[16]	4,734,000					£ 3,723
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PayScale Holdings, Inc. First-lien loan ($68,425 par, due 5/2024) Initial Acquisition Date 5/3/2019 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	67,570,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services PrimePay Intermediate, LLC First-lien loan ($34,550 par, due 12/2026) Initial Acquisition Date 12/17/2021 Reference Rate and Spread SOFR + 7.15% Interest Rate 12.39%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	34,290,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services Workwell Acquisition Co. First-lien loan ($23,494 par, due 10/2025) Initial Acquisition Date 10/19/2020 Reference Rate and Spread SOFR + 7.40% Interest Rate 12.66%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	23,317,000
Investment, Identifier [Axis]: Debt Investments Human Resource Support Services bswift, LLC First-lien loan ($44,582 par, due 11/2028) Initial Acquisition Date 11/7/2022 Reference Rate and Spread SOFR + 6.63% Interest Rate 11.76%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	44,137,000
Investment, Identifier [Axis]: Debt Investments Insurance Disco Parent, Inc. First-lien loan ($4,545 par, due 3/2029) Initial Acquisition Date 3/30/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.76%
Fair Value, Ending balance	[10],[12],[13],[15]	4,458,000
Investment, Identifier [Axis]: Debt Investments Internet Services
Fair Value, Ending balance	[12],[13]	466,799,000
Investment, Identifier [Axis]: Debt Investments Internet Services Arrow Buyer, Inc. First-lien loan ($33,125 par, due 7/2030) Initial Acquisition Date 6/30/2023 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.74%
Fair Value, Ending balance	[10],[12],[13],[15]	32,310,000
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien loan ($34,339 par, due 10/2028) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 7.60% Interest Rate 12.82% PIK
Fair Value, Ending balance	[10],[12],[13],[15]	33,910,000
Investment, Identifier [Axis]: Debt Investments Internet Services Bayshore Intermediate #2, L.P. First-lien revolving loan ($468 par, due 10/2027) Initial Acquisition Date 10/1/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.77%
Fair Value, Ending balance	[10],[12],[13],[15]	438,000
Investment, Identifier [Axis]: Debt Investments Internet Services Coupa Holdings, LLC First-lien loan ($43,191 par, due 2/2030) Initial Acquisition Date 2/27/2023 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60%
Fair Value, Ending balance	[10],[12],[13],[15]	42,691,000
Investment, Identifier [Axis]: Debt Investments Internet Services CrunchTime Information, Systems, Inc. First-lien loan ($59,801 par, due 6/2028) Initial Acquisition Date 6/17/2022 Reference Rate and Spread SOFR + 6.00% Interest Rate 11.09%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	59,202,000
Investment, Identifier [Axis]: Debt Investments Internet Services EDB Parent, LLC First-lien loan ($60,234 par, due 7/2028) Initial Acquisition Date 7/7/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	59,481,000
Investment, Identifier [Axis]: Debt Investments Internet Services Higher Logic, LLC First-lien loan ($54,379 par, due 1/2025) Initial Acquisition Date 6/18/2018 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.99%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	54,515,000
Investment, Identifier [Axis]: Debt Investments Internet Services LeanTaaS Holdings, Inc. First-lien loan ($33,924 par, due 7/2028) Initial Acquisition Date 7/12/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.74%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	33,361,000
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien loan ($54,700 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.08%
Fair Value, Ending balance	[10],[12],[13],[15]	53,469,000
Investment, Identifier [Axis]: Debt Investments Internet Services Lithium Technologies, LLC First-lien revolving loan ($2,309 par, due 1/2024) Initial Acquisition Date 10/3/2017 Reference Rate and Spread SOFR + 8.00% Interest Rate 13.01%
Fair Value, Ending balance	[10],[12],[13],[15]	2,235,000
Investment, Identifier [Axis]: Debt Investments Internet Services Lucidworks, Inc. First-lien loan ($8,619 par, due 2/2027) Initial Acquisition Date 2/11/2022 Reference Rate and Spread SOFR + 7.50% Interest Rate 12.60% (incl. 3.50% PIK)
Fair Value, Ending balance	[10],[12],[13],[14],[15]	8,548,000
Investment, Identifier [Axis]: Debt Investments Internet Services Piano Software, Inc. First-lien loan ($51,218 par, due 2/2026) Initial Acquisition Date 2/25/2021 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.20%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	50,450,000
Investment, Identifier [Axis]: Debt Investments Internet Services SMA Technologies Holdings, LLC First-lien loan ($36,833 par, due 10/2028) Initial Acquisition Date 10/31/2022 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.85%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	36,189,000
Investment, Identifier [Axis]: Debt Investments Manufacturing Avalara, Inc First-lien loan ($38,636 par, due 10/2028) Initial Acquisition Date 10/19/2022 Reference Rate and Spread SOFR + 7.25% Interest Rate 12.49%
Fair Value, Ending balance	[12],[13],[16],[20]	37,999,000
Investment, Identifier [Axis]: Debt Investments Office Products USR Parent, Inc. ABL FILO term loan ($18,000 par, due 4/2027) Initial Acquisition Date 4/25/2022 Reference Rate and Spread SOFR + 6.50% Interest Rate 11.66%
Fair Value, Ending balance	[12],[13],[16],[20]	17,775,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels
Fair Value, Ending balance	[10],[12],[13]	123,354,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels
Fair Value, Beginning balance	[1],[3],[9]	85,249,000
Fair Value, Ending balance	[1],[3],[9]									85,249,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Laramie Energy, LLC First-lien loan ($27,317 par, due 2/2027) Initial Acquisition Date 2/21/2023 Reference Rate and Spread SOFR + 7.10% Interest Rate 12.18%
Fair Value, Ending balance	[12],[13],[15],[20]	26,967,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($26,873 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate Spread SOFR + 8.65% Interest Rate 13.23%
Fair Value, Beginning balance	[1],[3],[5],[9]	26,781,000
Fair Value, Ending balance	[1],[3],[5],[9]									26,781,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC First-lien loan ($33,388 par, due 6/2026) Initial Acquisition Date 6/30/2022 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.90%
Fair Value, Ending balance	[12],[13],[15],[20]	33,754,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($57,818 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 7.76% Interest Rate 12.34%
Fair Value, Beginning balance	[1],[3],[5],[9]	58,468,000
Fair Value, Ending balance	[1],[3],[5],[9]									58,468,000
Investment, Identifier [Axis]: Debt Investments Oil, Gas and Consumable Fuels TRP Assets, LLC First-lien loan ($61,333 par, due 12/2025) Initial Acquisition Date 12/3/2021 Reference Rate and Spread SOFR + 7.76% Interest Rate 13.00%
Fair Value, Ending balance	[10],[12],[13],[15]	62,633,000
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,148 par, due 3/2026) Initial Acquisition Date 3/31/2021 Reference Rate and Spread SOFR + 6.60% Interest Rate 11.70%
Fair Value, Ending balance	[12],[13],[14],[15],[16],[20]	39,746,000
Investment, Identifier [Axis]: Debt Investments Other Omnigo Software, LLC First-lien loan ($40,353 par, due 3/2026) Initial Acquisition Date 12/3/2021 Reference Rate Spread SOFR + 6.60% Interest Rate 10.92%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	39,445,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									39,445,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products
Fair Value, Beginning balance	[1],[3],[9]	303,381,000
Fair Value, Ending balance		326,528,000	[12],[13],[16],[20]							303,381,000	[1],[3],[9]
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread L + 8.50 % Interest Rate 13.23%
Fair Value, Beginning balance	[1],[3],[5],[9]	25,063,000
Fair Value, Ending balance	[1],[3],[5],[9]									25,063,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products 99 Cents Only Stores LLC ABL FILO term loan ($25,000 par, due 5/2025) Initial Acquisition Date 9/6/2017 Reference Rate and Spread SOFR + 8.65% Interest Rate 13.89%
Fair Value, Ending balance	[10],[12],[13],[15]	25,000,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,357 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00% Interest Rate 19.18% (incl. 18.68% PIK)
Fair Value, Ending balance	[12],[13],[15],[16],[20],[22],[23]	71,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($1,363 par, due 9/2026) Initial Acquisition Date 6/10/2021 Reference Rate and Spread L + 14.00 % Interest Rate 18.13% (incl. 17.63% PIK)
Fair Value, Beginning balance	[1],[3],[5],[9]	78,000
Fair Value, Ending balance	[1],[3],[5],[9]									78,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,130 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25% Interest Rate 11.42% (incl. 10.93% PIK)
Fair Value, Ending balance	[12],[13],[15],[16],[20],[22],[23]	19,195,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. First-lien loan ($27,171 par, due 9/2026) Initial Acquisition Date 9/30/2015 Reference Rate and Spread L + 6.25 % Interest Rate 10.38% (incl. 9.88% PIK)
Fair Value, Beginning balance	[1],[3],[5],[9]	20,922,000
Fair Value, Ending balance	[1],[3],[5],[9]									20,922,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 4.75% PIK
Fair Value, Beginning balance	[1],[3],[5],[9]	71,000
Fair Value, Ending balance	[1],[3],[5],[9]									71,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products American Achievement, Corp. Subordinated note ($4,740 par, due 9/2026) Initial Acquisition Date 3/16/2021 Reference Rate and Spread L + 1.00% Interest Rate 6.54% PIK
Fair Value, Ending balance	[12],[13],[15],[16],[20],[22],[23]	71,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($25,818 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and Spread SOFR + 9.90% Interest Rate 15.16%
Fair Value, Ending balance	[10],[12],[13],[15],[22]	25,237,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. ABL FILO term loan ($55,000 par, due 8/2027) Initial Acquisition Date 9/2/2022 Reference Rate and SOFR + 7.90% Interest Rate 12.30%
Fair Value, Beginning balance	[1],[3],[5],[9]	53,900,000
Fair Value, Ending balance	[1],[3],[5],[9]									53,900,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Roll Up DIP term loan ($28,343 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99% (incl. 12.99% PIK)
Fair Value, Ending balance	[10],[12],[13],[15],[22]	27,706,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Bed Bath and Beyond Inc. Super-Priority DIP term loan ($5,592 par, due 8/2023) Initial Acquisition Date 4/24/2023 Reference Rate and Spread SOFR + 7.90% Interest Rate 12.99%
Fair Value, Ending balance	[10],[12],[13],[15],[22]	5,467,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($32,907 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and SOFR + 8.75% Interest Rate 13.27%
Fair Value, Beginning balance	[1],[3],[5],[9]	32,135,000
Fair Value, Ending balance	[1],[3],[5],[9]									32,135,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Cordance Operations, LLC First-lien loan ($42,717 par, due 7/2028) Initial Acquisition Date 7/25/2022 Reference Rate and Spread SOFR + 9.25% Interest Rate 14.16%
Fair Value, Ending balance	[10],[12],[13],[15]	42,382,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($56,400 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 10.76%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	55,272,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									55,272,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Neuintel, LLC First-lien loan ($57,701 par, due 12/2026) Initial Acquisition Date 12/20/2021 Reference Rate and Spread L + 6.25% Interest Rate 12.70%
Fair Value, Ending balance	[12],[13],[14],[15],[16],[20]	57,846,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC ABL FILO term loan ($73,125 par, due 5/2026) Initial Acquisition Date 11/8/2021 Reference Rate and Spread L + 8.00% Interest Rate 12.41%
Fair Value, Beginning balance	[1],[3],[5],[9]	72,943,000
Fair Value, Ending balance	[1],[3],[5],[9]									72,943,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Project P Intermediate 2, LLC, ABL FILO term loan ($72,188 par, due 5/2026) Initial Acquisition Date 11/08/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Fair Value, Ending balance	[10],[12],[13],[15]	73,270,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($44,674 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread L + 6.75% Interest Rate 10.49%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	42,997,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									42,997,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien loan ($46,945 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread SOFR + 6.75% Interest Rate 11.67%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	50,336,000
Investment, Identifier [Axis]: Debt Investments Retail and Consumer Products Tango Management Consulting, LLC First-lien revolving loan ($12 par, due 12/2027) Initial Acquisition Date 12/1/2021 Reference Rate and Spread P + 6.75% Interest Rate 15.00%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	(53,000)
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027 Initial Acquisition Date 11/12/2021 Reference Rate and Spread SOFR + 6.40% Interest Rate 11.49%
Fair Value, Ending balance	[10],[12],[13],[14],[15]	34,726,000
Investment, Identifier [Axis]: Debt Investments Transportation Project44, Inc. First-lien loan ($35,139 par, due 11/2027) Initial Acquisition Date 11/12/2021 Reference Rate and Spread L + 6.25% Interest Rate 11.41%
Fair Value, Beginning balance	[1],[3],[4],[9]	33,901,000
Fair Value, Ending balance	[1],[3],[4],[9]									33,901,000
Investment, Identifier [Axis]: Education
Fair Value, Beginning balance	[1],[3],[5]	152,403,000
Fair Value, Ending balance	[1],[3],[5]									152,403,000
Investment, Identifier [Axis]: Education Astra Acquisition Corp Second Lien loan (43,479 par, due 10/2029) Initial Acquisition Date 10/25/2021 Reference Rate and Spread L+8.88% Interest Rate13.26%
Fair Value, Beginning balance	[1],[3],[5]	40,762,000
Fair Value, Ending balance	[1],[3],[5]									40,762,000
Investment, Identifier [Axis]: Education Destiny Solutions Parent First lien loan (60,000 par, due 6/2026) Initial Acquisition Date 6/08/2021 Reference Rate and Spread 5.75% Interest Rate 10.13%
Fair Value, Beginning balance	[1],[3],[4],[5]	58,350,000
Fair Value, Ending balance	[1],[3],[4],[5]									58,350,000
Investment, Identifier [Axis]: Education EMS Linq Inc First lien loan (56,216 par, due 12/2027) Initial Acquisition Date 12/22/2021 Reference Rate and Spread 6.25% Interest Rate 10.63%
Fair Value, Beginning balance	[1],[3],[5]	53,291,000
Fair Value, Ending balance	[1],[3],[5]									53,291,000
Investment, Identifier [Axis]: Equity and Other Investments
Fair Value, Beginning balance	[1],[3],[9]	219,111,000
Fair Value, Ending balance	[1]	208,890,000	[10],[13]							219,111,000	[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Business Services
Fair Value, Beginning balance	[1],[3],[9],[24]	17,131,000
Fair Value, Ending balance		13,251,000	[12],[13],[19]							17,131,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Dye & Durham, Ltd. Common Shares (126,968 shares) Initial Acquisition Date 12/3/2021
Fair Value, Beginning balance	[1],[2],[3],[9],[25]	1,538,000		2,284
Fair Value, Ending balance		1,738,000	[10],[12],[13],[16],[20]	$ 2,299	[10],[12],[13],[16],[20]					1,538,000	[1],[2],[3],[9],[25]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Mitnick TA Aggregator, LP Membership Interest (0.43% ownership) Initial Acquisition Date 5/2/2022
Fair Value, Beginning balance	[1],[3],[9],[24]	5,243,000
Fair Value, Ending balance		5,243,000	[10],[12],[13],[26],[27]							5,243,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-1 Units (567,683 units) Initial Acquisition Date 11/23/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	1,512,000
Fair Value, Ending balance		1,512,000	[10],[12],[13],[26],[27]							1,512,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-2 Units (2,580 units) Initial Acquisition Date 6/21/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	9,000
Fair Value, Ending balance		9,000	[10],[12],[13],[26],[27]							9,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (343,382 shares) Initial Acquisition Date 6/24/2021
Fair Value, Ending balance	[10],[12],[13],[20],[27]	4,749,000
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (484,700 shares) Initial Acquisition Date 6/24/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[25]	3,960,000
Fair Value, Ending balance	[1],[3],[9],[24],[25]									3,960,000
Investment, Identifier [Axis]: Equity and Other Investments Business Services WideOrbit, Inc. 1,567,807 Warrants Initial Acquisition Date 7/8/2020
Fair Value, Beginning balance	[1],[3],[9],[24]	4,869,000
Fair Value, Ending balance	[1],[3],[9],[24]									4,869,000
Investment, Identifier [Axis]: Equity and Other Investments Communications
Fair Value, Beginning balance	[1],[3],[9]	4,967,000
Fair Value, Ending balance		5,436,000	[10],[12],[13]							4,967,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Communications Celtra Technologies, Inc. Class A Units (1,250,000 units) Initial Acquisition Date 11/19/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	1,250,000
Fair Value, Ending balance		1,250,000	[10],[12],[13],[27]							1,250,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series C Preferred Shares (1,816,295 shares) Initial Acquisition Date 4/8/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	1,794,000
Fair Value, Ending balance		2,021,000	[10],[12],[13],[27]							1,794,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series D Preferred Shares (1,598,874 shares) Initial Acquisition Date 4/8/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	1,923,000
Fair Value, Ending balance		2,165,000	[10],[12],[13],[27]							1,923,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Education
Fair Value, Beginning balance	[1],[3],[9]	8,508,000
Fair Value, Ending balance		6,703,000	[10],[12],[13]							8,508,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Education Astra 2L Holdings II LLC Membership Interest (10.17% ownership) Initial Acquisition Date 1/13/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[29]	2,555,000
Fair Value, Ending balance		610,000	[10],[12],[13],[27]							2,555,000	[1],[3],[9],[24],[29]
Investment, Identifier [Axis]: Equity and Other Investments Education EMS Linq, Inc. Class B Units (5,522,526 units) Initial Acquisition Date 12/22/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	4,763,000
Fair Value, Ending balance		4,763,000	[10],[12],[13],[27]							4,763,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Education RMCF IV CIV XXXV, LP. Partnership Interest (11.94% ownership) Initial Acquisition Date 6/8/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	1,190,000
Fair Value, Ending balance		1,330,000	[10],[12],[13],[27]							1,190,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services
Fair Value, Beginning balance	[1],[3],[9]	7,516,000
Fair Value, Ending balance		8,775,000	[12],[13],[20],[30]							7,516,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (150,541 shares) Initial Acquisition Date 10/15/2021
Fair Value, Ending balance	[10],[12],[13],[20],[27]	1,563,000
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (200,721 shares) Initial Acquisition Date 10/15/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[25]	1,995,000
Fair Value, Ending balance	[1],[3],[9],[24],[25]									1,995,000
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Newport Parent Holdings, LP Class A-2 Units (131,569 units) Initial Acquisition Date 12/10/2020
Fair Value, Beginning balance	[1],[3],[19],[29]	4,845,000
Fair Value, Ending balance		6,600,000	[10],[12],[13],[27]							4,845,000	[1],[3],[19],[29]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Oxford Square Capital Corp. Common Shares (1,620 shares) Initial Acquisition Date 8/5/2015
Fair Value, Beginning balance	[1],[2],[3],[9],[25]	5,000
Fair Value, Ending balance		4,000	[10],[12],[13],[16],[20]							5,000	[1],[2],[3],[9],[25]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Passport Labs, Inc. 17,534 Warrants Initial Acquisition Date 4/28/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	71,000
Fair Value, Ending balance		8,000	[10],[12],[13],[27]							71,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services TradingScreen, Inc. Class A Units (600,000 units) Initial Acquisition Date 5/14/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	600,000
Fair Value, Ending balance		600,000	[10],[12],[13],[26],[27]							600,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare
Fair Value, Beginning balance	[1],[3],[9]	22,104,000
Fair Value, Ending balance		24,392,000	[12],[13],[20],[30]							22,104,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 569,991 Warrants Initial Acquisition Date 4/2/2020
Fair Value, Beginning balance	[1],[3],[9],[24]	959,000
Fair Value, Ending balance		852,000	[12],[13],[20],[30]							959,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 633,376 Warrants Initial Acquisition Date 9/21/2018
Fair Value, Beginning balance	[1],[3],[9],[24]	1,270,000
Fair Value, Ending balance		1,150,000	[12],[13],[20],[30]							1,270,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series C Preferred Shares (362,319 shares) Initial Acquisition Date 10/13/2020
Fair Value, Beginning balance	[1],[3],[9],[24]	1,310,000
Fair Value, Ending balance		1,242,000	[12],[13],[20],[30]							1,310,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series D Preferred Shares (1,240,740 shares) Initial Acquisition Date 5/11/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	8,668,000
Fair Value, Ending balance		9,221,000	[12],[13],[20],[30]							8,668,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Fair Value, Ending balance	[12],[13],[20],[23],[26]	9,897,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P. 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[28],[29]	9,897,000
Fair Value, Ending balance	[1],[3],[9],[24],[28],[29]									9,897,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class A Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class B Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class C Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class D Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class E Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class F Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class G Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class H Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class I Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[20],[26],[30]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Ordinary Shares Initial Acquisition Date 3/24/2023
Fair Value, Ending balance	[12],[13],[24],[29]	203,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure
Fair Value, Ending balance	[10],[12],[13]	15,164,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Fair Value, Ending balance	[10],[12],[13],[27],[31]	15,121,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Fair Value, Ending balance	[10],[12],[13],[27],[31]	43,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure
Fair Value, Beginning balance	[1],[3],[9]	24,456,000
Fair Value, Ending balance	[1],[3],[9]									24,456,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Fair Value, Beginning balance	[1],[3],[9],[11],[24]	24,413,000
Fair Value, Ending balance	[1],[3],[9],[11],[24]									24,413,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Fair Value, Beginning balance	[1],[3],[9],[11],[24]	43,000
Fair Value, Ending balance	[1],[3],[9],[11],[24]									43,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services
Fair Value, Beginning balance	[1],[3],[9]	15,357,000
Fair Value, Ending balance		15,485,000	[10],[12],[13],[16],[27]							15,357,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc . Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Fair Value, Beginning balance	[1],[2],[3],[9],[24],[28]	4,262,000
Fair Value, Ending balance	[1],[2],[3],[9],[24],[28]									4,262,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc. Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Fair Value, Ending balance	[10],[12],[13],[16],[26],[27]	3,837,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Bswift LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[29]	2,394,000
Fair Value, Ending balance	[1],[3],[9],[24],[29]									2,394,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services ClearCompany, LLC Series A Preferred Units (1,429,228 units) Initial Acquisition Date 8/24/2018
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	4,869,000
Fair Value, Ending balance		4,985,000	[10],[12],[13],[26],[27]							4,869,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services DaySmart Holdings, LLC Class A Units (166,811 units) Initial Acquisition Date 10/1/2019
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	1,798,000
Fair Value, Ending balance		1,953,000	[10],[12],[13],[26],[27]							1,798,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. Series E Preferred Shares (113,250 shares) Initial Acquisition Date 3/1/2022
Fair Value, Beginning balance	[1],[2],[3],[9],[24],[29]	2,034,000						3,164
Fair Value, Ending balance		2,316,000	[10],[12],[13],[16],[27]					$ 3,480	[10],[12],[13],[16],[27]	2,034,000	[1],[2],[3],[9],[24],[29]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services bswift, LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Fair Value, Ending balance	[10],[12],[13],[27],[30]	2,394,000
Investment, Identifier [Axis]: Equity and Other Investments Internet Services
Fair Value, Beginning balance	[1],[3],[9]	16,673,000
Fair Value, Ending balance		16,673,000	[10],[12],[13]							16,673,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Bayshore Intermediate #2, L.P. Common Units (12,330,709 units) Initial Acquisition Date 10/1/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	11,375,000
Fair Value, Ending balance		11,375,000	[10],[12],[13],[26],[27]							11,375,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Lucidworks, Inc. Series F Preferred Shares (199,054 shares) Initial Acquisition Date 8/2/2019
Fair Value, Beginning balance	[1],[3],[9],[24]	800,000
Fair Value, Ending balance		800,000	[10],[12],[13],[27]							800,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-1 Preferred Shares (418,527 shares) Initial Acquisition Date 12/22/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	3,000,000
Fair Value, Ending balance		3,000,000	[10],[12],[13],[27]							3,000,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-2 Preferred Shares (27,588 shares) Initial Acquisition Date 11/18/2022
Fair Value, Beginning balance	[1],[3],[9],[24]	198,000
Fair Value, Ending balance		198,000	[10],[12],[13],[27]							198,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class A Units (1,300 shares) Initial Acquisition Date 11/21/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[29]	1,300,000
Fair Value, Ending balance		1,300,000	[10],[12],[13],[27],[30]							1,300,000	[1],[3],[9],[24],[29]
Investment, Identifier [Axis]: Equity and Other Investments Marketing Services Validity, Inc. Series A Preferred Shares (3,840,000 shares) Initial Acquisition Date 5/31/2018
Fair Value, Beginning balance	[1],[3],[9],[24]	11,520,000
Fair Value, Ending balance		10,944,000	[10],[12],[13],[27]							11,520,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels
Fair Value, Beginning balance	[1],[3],[9]	23,293,000
Fair Value, Ending balance		24,357,000	[10],[12],[13]							23,293,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC 13,355 Preferred Units Initial Acquisition Date 6/30/2022
Fair Value, Beginning balance	[1],[3],[9],[28],[29]	13,088,000
Fair Value, Ending balance		13,856,000	[10],[12],[13],[26],[30]							13,088,000	[1],[3],[9],[28],[29]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels TRP Assets, LLC Partnership Interest (1.89% ownership) Initial Acquisition Date 8/25/2022
Fair Value, Beginning balance	[1],[3],[9],[24],[28],[29]	10,205,000
Fair Value, Ending balance		10,501,000	[10],[12],[13],[26],[27],[30]							10,205,000	[1],[3],[9],[24],[28],[29]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals
Fair Value, Beginning balance	[1],[3],[9]	365,000
Fair Value, Ending balance	[1],[3],[9]									365,000
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 65,250 Warrants Initial Acquisition Date 7/29/2022
Fair Value, Beginning balance	[1],[2],[3],[9],[24]	365,000
Fair Value, Ending balance	[1],[2],[3],[9],[24]									365,000
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products
Fair Value, Beginning balance	[1],[3],[9]	15,795,000
Fair Value, Ending balance		13,527,000	[10],[12],[13]							15,795,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products American Achievement, Corp. Class A Units (687 units) Initial Acquisition Date 3/16/2021
Fair Value, Beginning balance	[1],[3],[9],[24]	50,000
Fair Value, Ending balance		50,000	[12],[13],[25]							50,000	[1],[3],[9],[24]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (132,928 Certificates) Initial Acquisition Date 12/7/2020
Fair Value, Beginning balance	[1],[3],[9],[19]	665,000
Fair Value, Ending balance	[9]	271,000	[12],[13]							665,000	[1],[3],[19]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (996,958 Certificates) Initial Acquisition Date 1/30/2021
Fair Value, Beginning balance	[1],[3],[9],[19]	12,462,000
Fair Value, Ending balance	[19]	10,468,000	[10],[12],[13]							12,462,000	[1],[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Neuintel, LLC Class A Units (1,176,494 units) Initial Acquisition Date 12/21/2021
Fair Value, Beginning balance	[1],[3],[9],[24],[28]	2,618,000
Fair Value, Ending balance		2,738,000	[12],[13]							2,618,000	[1],[3],[9],[24],[28]
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit
Fair Value, Beginning balance	[1],[3],[9]	51,426,000
Fair Value, Ending balance	[1]	54,183,000	[10],[13]							51,426,000	[3],[9]
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, Structured Product ($1,000 par, due 6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	848,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									848,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Allegro CLO Ltd, Series 2018-1A, StructuredProduct ($1,000par,due6/2031) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	900,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A Structured Product ($1,500 par, due 5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 3.05% Interest Rate 6.06%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,309,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,309,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit American Money Management Corp CLO Ltd, Series 2016-18A StructuredProduct ($1,500par,due5/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+3.05% Interest Rate 8.01%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,351,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 6.25% Interest Rate 9.03%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	875,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									875,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares CLO Ltd, Series 2021-59A StructuredProduct ($1,000par,due4/2034) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+6.25% Interest Rate 11.07%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	890,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L + 6.70% Interest Rate 9.21%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	881,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									881,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Ares Loan Funding I Ltd, Series 2021-ALFA, Class E StructuredProduct ($1,000par,due10/2034) Initial Acquisition Date 6/24/2022 Reference Rate and Spread L+6.70% Interest Rate 11.49%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	915,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500 par, due 4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L + 5.35% Interest Rate 8.13%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	383,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									383,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Bain Capital Credit CLO Ltd, Series 2018-1A Structured Product ($500par,due4/2031) Initial Acquisition Date 10/15/2020 Reference Rate and Spread L+5.35% Interest Rate 10.17%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	398,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.30% Interest Rate 5.81%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,158,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,158,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Battalion CLO Ltd, Series 2021-21A Structured Product ($1,300par,due7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.30% Interest Rate 8.09%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,145,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425 par, due 1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L + 2.75% Interest Rate 5.46%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,214,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,214,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-8A Structured Product ($1,425par,due1/2031) Initial Acquisition Date 9/13/2022 Reference Rate and Spread L+2.75% Interest Rate 7.56%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,275,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500 par, due 7/2034) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L + 3.85% Interest Rate 6.56%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,285,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,285,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Benefit Street Partners CLO Ltd, Series 2015-BR Structured Product ($2,500par,due7/2024) Initial Acquisition Date 7/13/2022 Reference Rate and Spread L+3.85% Interest Rate 8.66%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	2,328,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 6/16/2022 Reference Rate and Spread L + 5.50% Interest Rate 8.24%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	850,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									850,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2018-3A Structured Product ($1,000par,due7/2031)Initial Acquisition Date 6/16/2022 Reference Rate and Spread L+5.50% Interest Rate 10.29%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	881,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000 par, due 7/2033) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 6.00% Interest Rate 8.51%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	909,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									909,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CIFC CLO Ltd, Series 2021-4A Structured Product ($1,000par,due7/2033)Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+6.00% Interest Rate 10.79%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	924,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L + 6.44% Interest Rate 9.15%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	887,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									887,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit CarVal CLO III Ltd, Series 2019-2A Structured Product ($1,000par,due7/2032) Initial Acquisition Date 6/30/2022 Reference Rate and Spread L+6.44% Interest Rate 11.25%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	910,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	844,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									844,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2014-4RA Structured Product ($1,000par,due7/2030) Initial Acquisition Date 5/26/2022 Reference Rate and Spread L+2.90% Interest Rate 7.69%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	865,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2016-1, Ltd Structured Product ($1,600par,due4/2034) Initial Acquisition Date 2/15/2023 Reference Rate and Spread L+6.60% Interest Rate 11.41%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,407,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550 par, due 4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L + 5.75% Interest Rate 8.46%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,241,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,241,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Carlyle Global Market Strategies CLO Ltd, Series 2018-1A Structured Product ($1,550par,due4/2031) Initial Acquisition Date 8/11/2020 Reference Rate and Spread L+5.75% Interest Rate 10.56%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,265,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000 par, due 1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L + 4.55% Interest Rate 7.26%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	847,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									847,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Cedar Funding CLO Ltd, Series 2018-7A Structured Product ($1,000par,due1/2031) Initial Acquisition Date 7/21/2022 Reference Rate and Spread L+4.55% Interest Rate 9.36%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	868,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000 par, due 7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L + 6.85% Interest Rate 9.56%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	871,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									871,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Crown Point CLO Ltd, Series 2021-10A Structured Product ($1,000par,due7/2034) Initial Acquisition Date 6/14/2022 Reference Rate and Spread L+6.85% Interest Rate 11.66%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	903,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.85% Interest Rate 5.36%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	883,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									883,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2018-55A Structured Product ($1,000par,due4/2031)Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+2.85% Interest Rate 7.64%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	886,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500 par, due 7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.24%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,307,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,307,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Dryden Senior Loan Fund, Series 2020-86A Structured Product ($1,500par,due7/2034) Initial Acquisition Date 8/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.29%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,316,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500 par, due 1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.50% Interest Rate 5.21%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,183,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,183,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2015-1A Structured Product ($2,500par,due1/2030) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+2.50% Interest Rate 7.31%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	2,188,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.76%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	888,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									888,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Eaton CLO Ltd, Series 2020-1A Structured Product ($1,000par,due10/2034) Initial Acquisition Date 8/11/2022 Reference Rate and Spread L+6.25% Interest Rate 11.04%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	921,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000 par, due 4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L + 6.50% Interest Rate 9.21%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	914,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									914,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit GoldenTree CLO Ltd, Series 2020-7A Structured Product ($1,000par,due4/2034) Initial Acquisition Date 6/17/2022 Reference Rate and Spread L+6.50% Interest Rate 11.31%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	947,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015 par, due 7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L + 6.35% Interest Rate 8.86%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	872,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									872,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-4A Structured Product ($1,015par,due7/2034) Initial Acquisition Date 6/3/2022 Reference Rate and Spread L+6.35% Interest Rate 11.14%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	908,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000 par, due 1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L + 6.36% Interest Rate 8.87%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,718,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,718,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Gulf Stream Meridian, Series 2021-6A Structured Product ($2,000par,due1/2037) Initial Acquisition Date 9/12/2022 Reference Rate and Spread L+6.36% Interest Rate 11.15%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,750,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.55% Interest Rate 6.26%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	870,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									870,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Jefferson Mill CLO Ltd, Series 2015-1A Structured Product ($1,000par,due 10/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.55% Interest Rate 8.36%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	877,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L + 8.00% Interest Rate 10.17%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	909,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									909,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit KKR CLO Ltd, 49A Structured Product ($1,000 par, due 7/2035) Initial Acquisition Date 6/2/2022 Reference Rate and Spread L+ 8.00% Interest Rate 12.64%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	954,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L + 5.25% Interest Rate 7.76%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	877,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									877,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Madison Park CLO, Series 2018-28A Structured Product ($1,000 par, due 7/2030) Initial Acquisition Date 6/28/2022 Reference Rate and Spread L+ 5.25% Interest Rate 10.04%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	922,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L + 6.20% Interest Rate 8.98%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	909,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									909,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Magnetite CLO Ltd, Series 2021-30A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 6/13/2022 Reference Rate and Spread L+ 6.20% Interest Rate 11.02%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	944,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.52% Interest Rate 6.23%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,971,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,971,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2016-6A Structured Product ($3,500 par, due 4/2033) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+ 3.52% Interest Rate 8.33%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	3,037,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L + 6.05% Interest Rate 8.76%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	828,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									828,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit MidOcean Credit CLO Ltd, Series 2018-9A Structured Product ($1,100 par, due 7/2031) Initial Acquisition Date 6/1/2022 Reference Rate and Spread L+ 6.05% Interest Rate 10.86%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	892,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L + 6.60% Interest Rate 9.11%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	872,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									872,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon 57 LLC, Series 2021-1A Structured Product ($1,000 par, due 10/2034) Initial Acquisition Date 5/24/2022 Reference Rate and Spread L+ 6.60% Interest Rate 11.39%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	896,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018 – 18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L+ 2.70% Interest Rate 7.49%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	878,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 18 Ltd, Series 2018-18A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 7/26/2022 Reference Rate and Spread L + 2.70% Interest Rate 5.44%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	855,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									855,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018 – 1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L+ 2.95% Interest Rate 7.76%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	2,545,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Octagon Investment Partners 38 Ltd, Series 2018-1A Structured Product ($2,800 par, due 7/2030) Initial Acquisition Date 9/20/2022 Reference Rate and Spread L + 2.95% Interest Rate 5.66%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,436,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,436,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par, due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 6.04%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	870,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									870,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Park Avenue Institutional Advisers CLO Ltd, Series 2018-1A Structured Product ($1,000 par,due 10/2031) Initial Acquisition Date 9/23/2022 Reference Rate and Spread L+ 3.33% Interest Rate 8.14%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	867,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par, due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L + 6.58% Interest Rate 9.35%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,721,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,721,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Pikes Peak CLO, Series 2021-9A Structured Product ($2,000 par,due 10/2034) Initial Acquisition Date 8/31/2022 Reference Rate and Spread L+ 6.58% Interest Rate 11.39%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,780,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000 par, due 4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L + 6.40% Interest Rate 8.91%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	909,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									909,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit RR Ltd, Series 2020-8A Structured Product ($1,000par,due4/2033) Initial Acquisition Date 8/22/2022 Reference Rate and Spread L+6.40% Interest Rate 11.19%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	934,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000 par, due 7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L + 3.33% Interest Rate 5.84%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	855,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									855,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Shackelton CLO Ltd, Series 2015-7RA Structured Product ($1,000par,due7/2031) Initial Acquisition Date 5/23/2022 Reference Rate and Spread L+3.33% Interest Rate 8.12%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	893,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par, due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L + 5.65% Interest Rate 8.43%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	824,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									824,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Signal Peak CLO LLC, Series 2018-5A Structured Product ($1,000 par,due 4/2031) Initial Acquisition Date 8/9/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.47%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	853,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par, due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L + 6.25% Interest Rate 8.96%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	867,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									867,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Southwick Park CLO Ltd, Series 2019-4A Structured Product ($1,000 par,due 7/2032) Initial Acquisition Date 5/25/2022 Reference Rate and Spread L+ 6.25% Interest Rate 11.06%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	877,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par, due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L + 2.60% Interest Rate 5.11%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	888,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									888,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Stewart Park CLO Ltd, Series 2015-1A Structured Product ($1,000 par,due 1/2030) Initial Acquisition Date 7/25/2022 Reference Rate and Spread L+ 2.60% Interest Rate 7.39%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	889,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par, due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L + 5.75% Interest Rate 8.26%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,166,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,166,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Voya CLO Ltd, Series 2018-3A Structured Product ($2,750 par,due 10/2031) Initial Acquisition Date 6/22/2022 Reference Rate and Spread L+ 5.75% Interest Rate 10.54%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	2,221,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125 par, due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L + 3.35% Interest Rate 6.13%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,056,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,056,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Whitebox CLO I Ltd, Series 2020-2A Structured Product ($1,125par,due 10/2034) Initial Acquisition Date 7/12/2022 Reference Rate and Spread L+ 3.35% Interest Rate 8.17%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,077,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500 par, due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L + 2.90% Interest Rate 5.41%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,293,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,293,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2014-2A Structured Product ($1,500par,due 1/2031) Initial Acquisition Date 6/23/2022 Reference Rate and Spread L+ 2.90% Interest Rate 7.69%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,295,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000 par, due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L + 3.72% Interest Rate 6.46%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	2,624,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									2,624,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2017-1A Structured Product ($3,000par,due 4/2036) Initial Acquisition Date 7/14/2022 Reference Rate and Spread L+ 3.72% Interest Rate 8.51%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	2,732,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000 par, due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L + 5.65% Interest Rate 6.46%
Fair Value, Beginning balance	[1],[2],[3],[5],[9]	1,659,000
Fair Value, Ending balance	[1],[2],[3],[5],[9]									1,659,000
Investment, Identifier [Axis]: Equity and Other Investments Structured Credit Wind River CLO Ltd, Series 2018-3A Structured Product ($2,000par,due 1/2031) Initial Acquisition Date 12/12/2022 Reference Rate and Spread L+ 5.65% Interest Rate 10.46%
Fair Value, Ending balance	[10],[12],[13],[15],[16]	1,679,000
Investment, Identifier [Axis]: Financial Services BTRS Holdings Inc First lien loan (45,180 par, due 12/2028) Initial Acquisition Date 12/16/2022 Reference Rate Spread 8.00% Interest Rate 12.50%
Fair Value, Beginning balance	[1],[3],[5],[9]	43,465,000
Fair Value, Ending balance	[1],[3],[5],[9]									43,465,000
Investment, Identifier [Axis]: Financial Services Bear OpCo LLC First lien loan (20,169 par, due 10/2024) Initial Acquisition Date 10/10/2019 Reference Rate Spread 7.65% Interest Rate 11.97%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	20,169,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									20,169,000
Investment, Identifier [Axis]: Financial Services BlueSnap, Inc First lien loan (42,000 par, due 10/2024) Initial Acquisition Date 10/25/2019 Reference Rate Spread 6.75% Interest Rate 11.48%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	41,889,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									41,889,000
Investment, Identifier [Axis]: Financial Services G Treasury SS, LLC First lien loan (65,859 par, due 4/2024) Initial Acquisition Date 4/9/2018 Reference Rate Spread 8.40% Interest Rate 12.94%
Fair Value, Beginning balance	[1],[3],[4],[5],[9]	65,859,000
Fair Value, Ending balance	[1],[3],[4],[5],[9]									65,859,000
Investment, Identifier [Axis]: Non-controlled Affiliated Investments MD America Energy, LLC
Fair Value, Beginning balance	[32]									27,017,000
Gross Reductions	[32],[33]									(12,667,000)
Net Change in Unrealized Gain/(Loss)	[32]									(14,350,000)
Realized Gain/(Loss)	[32]									13,608,000
Interest Income	[32]									133,000
Investment, Identifier [Axis]: Non-controlled, Affiliated Investments
Fair Value, Beginning balance										27,017,000
Gross Reductions	[33]									(12,667,000)
Net Change in Unrealized Gain/(Loss)										(14,350,000)
Realized Gain/(Loss)										13,608,000
Interest Income										133,000
Investment, Identifier [Axis]: Total Investments
Fair Value, Beginning balance	[1],[3],[9]	2,787,925,000
Fair Value, Ending balance		$ 3,088,987,000	[10],[12],[13]							$ 2,787,925,000	[1],[3],[9]

[1] Certain portfolio company investments are subject to contractual restrictions on sales.

[2] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 9.7% of total assets as of December 31, 2022.

[3] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:   Non-controlled, Affiliated Investments during the year ended December 31, 2022   Company   Fair
Value at
December 31, 2021     Gross
Additions (a)     Gross
Reductions (b)     Net Change
In Unrealized
Gain/(Loss)     Realized
Gain/(Loss)     Transfers     Fair
Value at
December 31,
2022     Other
Income     Interest
Income   MD America Energy,
   LLC (c)   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133    Total   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133  

[4] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[5] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate, the Canadian Prime rate, or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at December 31, 2022.

[6] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

[7] Gross additions include increases in the cost basis of investments resulting from new investments, payment-in-kind interest or dividends, the amortization of any unearned income or discounts on debt investments, as applicable.

[8] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable. When an investment is placed on non-accrual status, any cash flows received by the Company are applied to the outstanding principal balance.

[9] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[10] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[11] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[12] Certain portfolio company investments are subject to contractual restrictions on sales.

[13] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the six months ended June 30, 2023 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[14] In addition to the interest earned based on the stated interest rate of this investment, which is the amount reflected in this schedule, the Company may be entitled to receive additional interest as a result of an arrangement with other members in the syndicate to the extent an investment has been allocated to “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 amounts due thereunder and the Company holds the “last out” tranche.

[15] Investment contains a variable rate structure, subject to an interest rate floor. Variable rate investments bear interest at a rate that may be determined by reference to either London Interbank Offered Rate (“LIBOR” or “L”), Euro Interbank Offer Rate (“Euribor” or “E”), Canadian Dollar Offered Rate (“CDOR” or “C”), Secured Overnight Financing Rate (“SOFR”) which may also contain a credit spread adjustment depending on the tenor election, Bank Bill Swap Bid Rate (“BBSY” or “B”), Sterling Overnight Interbank Average Rate (“SONIA” or “S”) or an alternate base rate (which can include the Federal Funds Effective Rate or the Prime Rate or “P”), all of which include an available tenor, selected at the borrower’s option, which reset periodically based on the terms of the credit agreement. For investments with multiple interest rate contracts, the interest rate shown is the weighted average interest rate in effect at June 30, 2023.

[16] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 10.0% of total assets as of June 30, 2023.

[17] Instrument is used in a hedge accounting relationship. The associated change in fair value is recorded along with the change in fair value of the hedged item within interest expense.

[18] Contains a variable rate structure. Bears interest at a rate determined by three-month LIBOR.

[19] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[20] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[21] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[22] In addition to the principal amount outstanding and accrued interest owed on this investment, the Company is entitled to a separate Make-Whole Amount (the “Make-Whole”) of $10.9 million. The Make-Whole is a contractual obligation of the borrower and accrues interest on the balance outstanding. The Make-Whole is included on the Company’s consolidated balance sheet within other assets, net of any valuation allowance. Given uncertainty relating to collectability of the Make-Whole, the Company has applied a full valuation allowance against the amount of the Make-Whole balance outstanding.

[23] Investment is on non-accrual status as of June 30, 2023.

[24] This investment is non-income producing.

[25] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[26] Ownership of equity investments may occur through a holding company or partnership.

[27] This investment is non-income producing.

[28] Ownership of equity investments may occur through a holding company or partnership.

[29] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $47,288, or 3.5% of the Company’s net assets.

[30] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2023, the aggregate fair value of these securities is $16,423, or 1.1% of the Company’s net assets.

[31] As of June 30, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $3,079,332, resulting in estimated gross unrealized gains and losses of $124,352 and $114,625, respectively.

[32] Includes investment in SMPA Holdings, LLC of 15,000 common equity units.

[33] Gross reductions include decreases in the cost basis of investments resulting from principal collections related to investment repayments or sales, and the amortization of any premiums on debt investments, as applicable. When an investment is placed on non-accrual status, any cash flows received by the Company are applied to the outstanding principal balance.

XML

Consolidated Schedule of Investments (Affiliated Investments) (Unaudited) (Parenthetical) - shares		Jun. 30, 2023		Dec. 31, 2022
Investment, Identifier [Axis]: Equity and Other Investments Business Services Dye & Durham, Ltd. Common Shares (126,968 shares) Initial Acquisition Date 12/3/2021
Investment, shares		126,968	[1],[2],[3],[4]	126,968	[5],[6],[7],[8]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-1 Units (567,683 units) Initial Acquisition Date 11/23/2021
Investment, shares		567,683	[1],[4],[9],[10]	567,683	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Business Services ReliaQuest, LLC Class A-2 Units (2,580 units) Initial Acquisition Date 6/21/2022
Investment, shares		2,580	[1],[4],[9],[10]	2,580	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (343,382 shares) Initial Acquisition Date 6/24/2021
Investment, shares	[1],[2],[4],[10]	343,382
Investment, Identifier [Axis]: Equity and Other Investments Business Services Sprinklr, Inc. Common Shares (484,700 shares) Initial Acquisition Date 6/24/2021
Investment, shares	[5],[6],[8],[12]			484,700
Investment, Identifier [Axis]: Equity and Other Investments Business Services WideOrbit, Inc. 1,567,807 Warrants Initial Acquisition Date 7/8/2020
Investment, shares	[5],[8],[12]			1,567,807
Investment, Identifier [Axis]: Equity and Other Investments Communications Celtra Technologies, Inc. Class A Units (1,250,000 units) Initial Acquisition Date 11/19/2021
Investment, shares		1,250,000	[1],[4],[10]	1,250,000	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 106,592 Warrants Initial Acquisition Date 4/8/2021
Investment, shares		106,592	[1],[4],[10]	106,592	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. 280,000 Warrants Initial Acquisition Date 2/28/2020
Investment, shares		280,000	[1],[4],[10]	280,000	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series C Preferred Shares (1,816,295 shares) Initial Acquisition Date 4/8/2021
Investment, shares		1,816,295	[1],[4],[10]	1,816,295	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Communications IntelePeer Holdings, Inc. Series D Preferred Shares (1,598,874 shares) Initial Acquisition Date 4/8/2021
Investment, shares		1,598,874	[1],[4],[10]	1,598,874	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Education EMS Linq, Inc. Class B Units (5,522,526 units) Initial Acquisition Date 12/22/2021
Investment, shares		5,522,526	[1],[4],[10]	5,522,526	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (150,541 shares) Initial Acquisition Date 10/15/2021
Investment, shares	[1],[2],[4],[10]	150,541
Investment, Identifier [Axis]: Equity and Other Investments Financial Services AvidXchange, Inc. Common Shares (200,721 shares) Initial Acquisition Date 10/15/2021
Investment, shares	[5],[6],[8],[12]			200,721
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Newport Parent Holdings, LP Class A-2 Units (131,569 units) Initial Acquisition Date 12/10/2020
Investment, shares		131,569	[1],[4],[10]	131,569	[5],[8],[13]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Oxford Square Capital Corp. Common Shares (1,620 shares) Initial Acquisition Date 8/5/2015
Investment, shares		1,620	[1],[2],[3],[4]	1,620	[5],[6],[7],[8]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services Passport Labs, Inc. 17,534 Warrants Initial Acquisition Date 4/28/2021
Investment, shares		17,534	[1],[4],[10]	17,534	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Financial Services TradingScreen, Inc. Class A Units (600,000 units) Initial Acquisition Date 5/14/2021
Investment, shares		600,000	[1],[4],[9],[10]	600,000	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 569,991 Warrants Initial Acquisition Date 4/2/2020
Investment, shares		569,991	[1],[4],[14]	569,991	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. 633,376 Warrants Initial Acquisition Date 9/21/2018
Investment, shares		633,376	[1],[4],[14]	633,376	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series C Preferred Shares (362,319 shares) Initial Acquisition Date 10/13/2020
Investment, shares		362,319	[1],[4],[10]	362,319	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Caris Life Sciences, Inc. Series D Preferred Shares (1,240,740 shares) Initial Acquisition Date 5/11/2021
Investment, shares		1,240,740	[1],[4],[14]	1,240,740	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Investment, shares	[1],[4],[9],[15]	989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Merative L.P. 989,691 Class A-1 Units Initial Acquisition Date 6/30/2022
Investment, shares	[5],[8],[11],[12],[13]			989,691
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class A Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class B Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[12],[13]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class C Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class D Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class E Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class F Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class G Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class H Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Class I Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Healthcare Raptor US Buyer II Corp.1,364 Ordinary Shares Initial Acquisition Date 3/24/2023
Investment, shares	[1],[4],[9],[14]	2,027
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Investment, shares	[1],[4],[6],[16]	33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Investment, shares	[1],[4],[10],[17]	8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class A Units (33,790,171 units) Initial Acquisition Date 12/21/2018
Investment, shares	[5],[8],[12],[16]			33,790,171
Investment, Identifier [Axis]: Equity and Other Investments Hotel, Gaming and Leisure IRGSE Holding Corp. Class C-1 Units (8,800,000 units) Initial Acquisition Date 12/21/2018
Investment, shares	[5],[8],[12],[16]			8,800,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc . Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Investment, shares	[5],[7],[8],[11],[12]			3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Axonify, Inc. Class A-1 Units (3,780,000 units) Initial Acquisition Date 5/5/2021
Investment, shares	[1],[3],[4],[9],[10]	3,780,000
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Bswift LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Investment, shares	[5],[8],[12],[13]			2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services ClearCompany, LLC Series A Preferred Units (1,429,228 units) Initial Acquisition Date 8/24/2018
Investment, shares		1,429,228	[1],[4],[9],[10]	1,429,228	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services DaySmart Holdings, LLC Class A Units (166,811 units) Initial Acquisition Date 10/1/2019
Investment, shares		166,811	[1],[4],[9],[10]	166,811	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services Employment Hero Holdings Pty Ltd. Series E Preferred Shares (113,250 shares) Initial Acquisition Date 3/1/2022
Investment, shares		113,250	[1],[3],[4],[10]	113,250	[5],[7],[8],[12],[13]
Investment, Identifier [Axis]: Equity and Other Investments Human Resource Support Services bswift, LLC Class A-1 Units (2,393,509 units) Initial Acquisition Date 11/7/2022
Investment, shares	[1],[4],[10],[14]	2,393,509
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Bayshore Intermediate #2, L.P. Common Units (12,330,709 units) Initial Acquisition Date 10/1/2021
Investment, shares		12,330,709	[1],[4],[9],[10]	12,330,709	[5],[8],[11],[12]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Lucidworks, Inc. Series F Preferred Shares (199,054 shares) Initial Acquisition Date 8/2/2019
Investment, shares		199,054	[1],[4],[10]	199,054	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-1 Preferred Shares (418,527 shares) Initial Acquisition Date 12/22/2021
Investment, shares		418,527	[1],[4],[10]	418,527	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services Piano Software, Inc. Series C-2 Preferred Shares (27,588 shares) Initial Acquisition Date 11/18/2022
Investment, shares		27,588	[1],[4],[10]	27,588	[5],[8],[12],[13]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class A Units (1,300 shares) Initial Acquisition Date 11/21/2022
Investment, shares		1,300	[1],[4],[10],[14]	1,300	[5],[8],[12],[13]
Investment, Identifier [Axis]: Equity and Other Investments Internet Services SMA Technologies Holdings, LLC Class B Units (923,250 shares) Initial Acquisition Date 11/21/2022
Investment, shares		923,250	[1],[4],[10],[14]	923,250	[5],[8],[12],[13]
Investment, Identifier [Axis]: Equity and Other Investments Marketing Services Validity, Inc. Series A Preferred Shares (3,840,000 shares) Initial Acquisition Date 5/31/2018
Investment, shares		3,840,000	[1],[4],[10]	3,840,000	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Oil, Gas and Consumable Fuels Murchison Oil and Gas, LLC 13,355 Preferred Units Initial Acquisition Date 6/30/2022
Investment, shares		13,355	[1],[4],[9],[14]	13,355	[5],[8],[11],[13]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 14,256 Warrants Initial Acquisition Date 8/5/2020
Investment, shares		14,256	[1],[3],[4],[10]	14,256	[5],[7],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Pharmaceuticals TherapeuticsMD, Inc. 65,250 Warrants Initial Acquisition Date 7/29/2022
Investment, shares	[5],[7],[8],[12],[13]			65,250
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products American Achievement, Corp. Class A Units (687 units) Initial Acquisition Date 3/16/2021
Investment, shares		687	[1],[4],[6]	687	[5],[8],[12]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (132,928 Certificates) Initial Acquisition Date 12/7/2020
Investment, shares		132,928	[1],[4],[18]	132,928	[5],[8],[19]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Copper Bidco, LLC Trust Certificates (996,958 Certificates) Initial Acquisition Date 1/30/2021
Investment, shares		996,958	[1],[4],[20]	996,958	[5],[8],[19]
Investment, Identifier [Axis]: Equity and Other Investments Retail and Consumer Products Neuintel, LLC Class A Units (1,176,494 units) Initial Acquisition Date 12/21/2021
Investment, shares		1,176,494	[1],[4],[6],[13]	1,176,494	[5],[8],[11],[12]
Investment, Identifier [Axis]: Non-controlled Affiliated Investments SMPA Holdings, LLC
Investment, shares				15,000

[1] Certain portfolio company investments are subject to contractual restrictions on sales.

[2] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[3] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 10.0% of total assets as of June 30, 2023.

[4] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the six months ended June 30, 2023 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[5] Certain portfolio company investments are subject to contractual restrictions on sales.

[6] This investment is valued using observable inputs and is considered a Level 1 investment. See Note 6 for further information related to investments at fair value.

[7] This portfolio company is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the “1940 Act”). Under the 1940 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 total assets. Non-qualifying assets represented 9.7% of total assets as of December 31, 2022.

[8] Under the 1940 Act, the Company is deemed to be an “Affiliated Person” of, as defined in the 1940 Act, this portfolio company, as the Company owns more than 5% of the portfolio company’s outstanding voting securities. Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of the portfolio company are as follows:   Non-controlled, Affiliated Investments during the year ended December 31, 2022   Company   Fair
Value at
December 31, 2021     Gross
Additions (a)     Gross
Reductions (b)     Net Change
In Unrealized
Gain/(Loss)     Realized
Gain/(Loss)     Transfers     Fair
Value at
December 31,
2022     Other
Income     Interest
Income   MD America Energy,
   LLC (c)   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133    Total   $ 27,017     $ —     $ (12,667 )   $ (14,350 )   $ 13,608     $ —     $ —     $ —     $ 133  

[9] Ownership of equity investments may occur through a holding company or partnership.

[10] This investment is non-income producing.

[11] Ownership of equity investments may occur through a holding company or partnership.

[12] This investment is non-income producing.

[13] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of December 31, 2022, the aggregate fair value of these securities is $47,288, or 3.5% of the Company’s net assets.

[14] All or a portion of this security was acquired in a transaction exempt from registration under the Securities Act of 1933, and may be deemed to be “restricted securities” under the Securities Act. As of June 30, 2023, the aggregate fair value of these securities is $16,423, or 1.1% of the Company’s net assets.

[15] Investment is on non-accrual status as of June 30, 2023.

[16] Under the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and “Control,” as such terms are defined in the 1940 Act, this portfolio company, as the Company owns more than 25% of the portfolio company’s outstanding voting securities or has the power to exercise control over management or policies of such portfolio company (including through a management agreement). Transactions during the year ended December 31, 2022 in which the Company was an Affiliated Person of and was deemed to Control a portfolio company are as follows:

[17] As of June 30, 2023, the estimated cost basis of investments for U.S. federal tax purposes was $3,079,332, resulting in estimated gross unrealized gains and losses of $124,352 and $114,625, respectively.

[18] In accordance with Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurements (“ASC Topic 820”), unless otherwise indicated, the fair values of all investments were determined using significant unobservable inputs and are considered Level 3 investments. See Note 6 for further information related to investments at fair value.

[19] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

[20] This investment is valued using observable inputs and is considered a Level 2 investment. See Note 6 for further information related to investments at fair value.

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Consolidated Statements of Changes in Net Assets (Unaudited) - USD ($) $ in Thousands		3 Months Ended				6 Months Ended
		Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Beginning balance		$ 1,356,005	$ 1,341,569	$ 1,283,985	$ 1,275,848	$ 1,341,569	$ 1,275,848
Net investment income		48,784	42,937	40,822	35,712	91,721	76,534
Net change in unrealized gain (losses) on investments and foreign currency translation		2,822	4,777	(54,751)	(8,495)	7,599	(63,246)
Net realized gains (losses) on investments and foreign currency transactions		1,484	5,238	404	13,668	$ 6,722	$ 14,072
Issuance of common stock, net of offering and underwriting costs		89,290
Stock issued in connection with dividend reinvestment plan		5,581	6,248	5,838	6,774
Stock issued in connection with dividend reinvestment plan, Shares						676,944	567,973
Dividends declared from distributable earnings		(43,437)	(44,764)	(34,339)	(39,522)
Ending balance		$ 1,460,529	1,356,005	$ 1,241,959	1,283,985	$ 1,460,529	$ 1,241,959
Ending balance,Shares		87,241,231		76,339,515		87,241,231	76,339,515
Common Stock
Beginning balance		$ 824	$ 821	$ 764	$ 761	$ 821	$ 761
Beginning balance, Shares		81,751,865	81,389,287	76,070,680	75,771,542	81,389,287	75,771,542
Issuance of common stock, net of offering and underwriting costs		$ 52
Issuance of common stock, net of offering and underwriting costs, Shares		5,175,000
Stock issued in connection with dividend reinvestment plan		$ 3	$ 3	$ 2	$ 3
Stock issued in connection with dividend reinvestment plan, Shares		314,366	362,578	268,835	299,138
Ending balance		$ 879	$ 824	$ 766	$ 764	$ 879	$ 766
Ending balance,Shares		87,241,231	81,751,865	76,339,515	76,070,680	87,241,231	76,339,515
Treasury Stock
Beginning balance		$ (10,459)	$ (10,459)	$ (4,291)	$ (4,291)	$ (10,459)	$ (4,291)
Beginning balance, Shares		664,250	664,250	296,044	296,044	664,250	296,044
Ending balance		$ (10,459)	$ (10,459)	$ (4,291)	$ (4,291)	$ (10,459)	$ (4,291)
Ending balance,Shares		664,250	664,250	296,044	296,044	664,250	296,044
Paid in Capital in Excess of Par
Beginning balance		$ 1,300,593	$ 1,294,751	$ 1,195,695	$ 1,189,275	$ 1,294,751	$ 1,189,275
Issuance of common stock, net of offering and underwriting costs		89,238
Stock issued in connection with dividend reinvestment plan		5,578	6,245	5,836	6,771
Tax reclassification of stockholders' equity in accordance with GAAP	[1]		(403)		(351)
Ending balance		1,395,409	1,300,593	1,201,531	1,195,695	1,395,409	1,201,531
Distributable Earnings
Beginning balance		65,047	56,456	91,817	90,103	56,456	90,103
Net investment income		48,784	42,937	40,822	35,712
Net change in unrealized gain (losses) on investments and foreign currency translation		2,822	4,777	(54,751)	(8,495)
Net realized gains (losses) on investments and foreign currency transactions		1,484	5,238	404	13,668
Dividends declared from distributable earnings		(43,437)	(44,764)	(34,339)	(39,522)
Tax reclassification of stockholders' equity in accordance with GAAP	[1]		403		351
Ending balance		$ 74,700	$ 65,047	$ 43,953	$ 91,817	$ 74,700	$ 43,953

[1] The Company’s tax year end is March 31st.

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Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows from Operating Activities
Increase (decrease) in net assets resulting from operations	$ 106,042	$ 27,360
Adjustments to reconcile increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net change in unrealized (gains) losses on investments	(10,429)	64,524
Net change in unrealized (gains) losses on foreign currency transactions	3,004	(5,872)
Net change in unrealized (gains) losses on interest rate swaps	(174)	4,594
Net realized (gains) losses on investments	(6,436)	(14,104)
Net realized (gains) losses on foreign currency transactions	(476)	(57)
Net amortization of discount on investments	(7,674)	(9,421)
Amortization of deferred financing costs	2,312	2,882
Amortization of discount on debt	387	378
Purchases and originations of investments, net	(455,596)	(438,388)
Proceeds from investments, net	9,049	19,381
Repayments on investments	176,630	370,086
Paid-in-kind interest	(6,634)	(6,762)
Changes in operating assets and liabilities:
Interest receivable	(3,380)	(1,479)
Interest receivable paid-in-kind	(1,013)	391
Prepaid expenses and other assets	1,441	(1,413)
Management fees payable to affiliate	584	96
Incentive fees on net investment income payable to affiliate	(411)	(3,065)
Incentive fees on net capital gains accrued to affiliate	2,506	(7,699)
Payable to affiliate	281	860
Other liabilities	3,406	(37,018)
Net Cash Provided by (Used in) Operating Activities	(186,581)	(34,726)
Cash Flows from Financing Activities
Borrowings on debt	750,079	498,755
Repayments on debt	(571,126)	(387,635)
Deferred financing costs	(5,083)	(4,296)
Equity offering expenses	(394)
Public offering	89,684
Dividends paid to stockholders	(76,371)	(60,888)
Net Cash Provided by (Used in) Financing Activities	186,789	45,936
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	208	11,210
Cash, cash equivalents, and restricted cash, beginning of period	25,647	15,967
Cash, Cash Equivalents, and Restricted Cash, End of Period	25,855	27,177
Supplemental Information:
Interest paid during the period	56,464	17,833
Excise and other taxes paid during the period	2,416	1,600
Dividends declared during the period	88,201	73,861
Non-Cash Financing Activities:
Reinvestment of dividends during the period	$ 11,829	$ 12,613

XML

Insider Trading Arrangements	6 Months Ended
	Jun. 30, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

XML

Organization and Basis of Presentation

6 Months Ended

Jun. 30, 2023

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization and Basis of Presentation

1. Organization and Basis of Presentation

Organization

Sixth Street Specialty Lending, Inc. (the “Company”) is a Delaware corporation formed on July 21, 2010. The Company was formed primarily to lend to, and selectively invest in, middle-market companies in the United States. The Company has elected to be regulated as a business development company (“BDC”) under the 1940 Act. In addition, for tax purposes, the Company has elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is managed by Sixth Street Specialty Lending Advisers, LLC (the “Adviser”). On June 1, 2011, the Company formed a wholly-owned subsidiary, TC Lending, LLC, a Delaware limited liability company. On March 22, 2012, the Company formed a wholly-owned subsidiary, Sixth Street SL SPV, LLC, a Delaware limited liability company. On May 19, 2014, the Company formed a wholly-owned subsidiary, Sixth Street SL Holding, LLC, a Delaware limited liability company. On December 9, 2020, the Company formed a wholly-owned subsidiary, Sixth Street Specialty Lending Sub, LLC, a Cayman Islands limited liability company.

On March 21, 2014, the Company completed its initial public offering (“IPO”) and the Company’s shares began trading on the New York Stock Exchange (“NYSE”) under the symbol “TSLX.”

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements for the periods presented have been included. The results of operations for interim periods are not indicative of results to be expected for the full year. All intercompany balances and transactions have been eliminated in consolidation.

Certain financial information that is normally included in annual financial statements, including certain financial statement footnotes, prepared in accordance with U.S. GAAP, is not required for interim reporting purposes and has been condensed or omitted herein. These consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes related thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission (“SEC”), on February 16, 2023.

The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies.

Fiscal Year End

The Company’s fiscal year ends on December 31.

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Significant Accounting Policies

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Significant Accounting Policies

2. Significant Accounting Policies

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash and Cash Equivalents

Cash and cash equivalents may consist of demand deposits, highly liquid investments (e.g., money market funds, U.S. Treasury notes, and similar type instruments) with original maturities of three months or less, and restricted cash pledged as collateral for certain centrally cleared derivative instruments. Cash and cash equivalents denominated in U.S. dollars are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with highly-rated banking corporations and, at times, cash deposits may exceed the insured limits under applicable law.

Investments at Fair Value

Loan originations are recorded on the date of the binding commitment, which is generally the funding date. Investment transactions purchased through the secondary markets are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values and also includes the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period.

Investments for which market quotations are readily available are typically valued at those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of our investments, are valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”), based on, among other things, the input of the Adviser, the Company’s Audit Committee and independent third-party valuation firms engaged at the direction of the Board.

As part of the valuation process, the Board takes into account relevant factors in determining the fair value of its investments, including and in combination of: the estimated enterprise value of a portfolio company (that is, the total value of the portfolio company’s net debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, the Board considers whether the pricing indicated by the external event corroborates its valuation.

The Board undertakes a multi-step valuation process, which includes, among other procedures, the following:

•The valuation process begins with each investment being initially valued by the investment professionals responsible for the portfolio investment in conjunction with the portfolio management team.

•The Adviser’s management reviews the preliminary valuations with the investment professionals. Agreed upon valuation recommendations are presented to the Audit Committee.

•The Audit Committee reviews the valuations presented and recommends values for each investment to the Board.

•The Board reviews the recommended valuations and determines the fair value of each investment; valuations that are not based on readily available market quotations are valued in good faith based on, among other things, the input of the Adviser, Audit Committee and, where applicable, other third parties including independent third-party valuation firms engaged at the direction of the Board.

The Company conducts this valuation process on a quarterly basis.

The Board has engaged independent third-party valuation firms to perform certain limited procedures that the Board has identified and requested them to perform in connection with the valuation process of investments for which no market quotations are readily available. At June 30, 2023, the independent third-party valuation firms performed their procedures over substantially all of the Company’s investments. Upon completion of such limited procedures, the third-party valuation firms concluded that the fair value, as determined by the Board, of those investments subjected to their limited procedures, appeared reasonable.

The Company applies Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurement (“ASC Topic 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC Topic 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC Topic 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC Topic 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC Topic 820, these levels are summarized below:

•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.

Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC Topic 820. Consistent with the valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When a security is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), the Company subjects those prices to various additional criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Company reviews pricing provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs. Some additional factors considered include the number of prices obtained as well as an assessment as to their quality, such as the depth of the relevant market relative to the size of the Company’s position.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment including the impact of changes in broader market indices and credit spreads and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

The Company recognizes all derivative instruments as assets or liabilities at fair value in its consolidated financial statements, pursuant to ASC Topic 815 Derivatives and Hedging, further clarified by the FASB’s issuance of the Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging, which was adopted in 2019 by the Company. For all derivative instruments designated in a hedge accounting relationship, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company uses certain interest rate swaps as derivative instruments to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. For derivative contracts entered into by the Company that are not designated in a hedge accounting relationship, the Company presents changes in the fair value through current period earnings.

In the normal course of business, the Company has commitments and risks resulting from its investment transactions, which may include those involving derivative instruments. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. While the notional amount gives some indication of the Company’s derivative activity, it generally is not exchanged, but is only used as the basis on which interest and other payments are exchanged. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process.

Derivatives, including the Company’s interest rate swaps, for which broker quotes are available are typically valued at those broker quotes.

Offsetting Assets and Liabilities

Foreign currency forward contract and interest rate swap receivables or payables pending settlement are offset, and the net amount is included with receivable or payable for foreign currency forward contracts or interest rate swaps in the consolidated balance sheets when, and only when, they are with the same counterparty, the Company has the legal right to offset the recognized amounts, and it intends to either settle on a net basis or realize the asset and settle the liability simultaneously.

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash and cash equivalents, market value of investments, outstanding debt on revolving credit facilities, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

Although net assets and fair values are presented based on the applicable foreign exchange rates described above, the Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in fair values of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Equity Offering Expenses

The Company records expenses related to equity offerings as a reduction of capital upon completion of an offering of registered securities. The costs associated with renewals of the Company’s shelf registration statement are expensed as incurred.

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as deferred financing costs, which are presented as a direct deduction from the carrying value of the related debt liability. These expenses are deferred and amortized using the effective interest method, or straight-line method, over the stated maturity of the debt obligation.

Interest and Dividend Income Recognition

Interest income is recorded on an accrual basis and includes the amortization of discounts and premiums. Discounts and premiums to par value on securities purchased or originated are amortized into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of discounts and premiums, if any.

Unless providing services in connection with an investment, such as syndication, structuring or diligence, all or a portion of any loan fees received by the Company will be deferred and amortized over the investment’s life using the effective interest method.

Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when management has reasonable doubt that the borrower will pay principal or interest in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest has been paid and, in management’s judgment, the borrower is likely to make principal and interest payments in the future. Management may determine to not place a loan on non-accrual status if, notwithstanding any failure to pay, the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income

From time to time, the Company may receive fees for services provided to portfolio companies by the Adviser. The services that the Adviser provides vary by investment, but may include syndication, structuring, diligence fees, or other service-based fees and fees for providing managerial assistance to our portfolio companies and are recognized as revenue when earned.

Earnings per share

The Company's earnings per share (“EPS”) amounts have been computed based on the weighted-average number of shares of common stock outstanding for the period. Basic EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock assuming all potential shares had been issued and the additional shares of common stock were dilutive. Diluted EPS reflects the potential dilution, using the if-converted method for convertible debt, which could occur if all potentially dilutive securities were exercised.

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are expected to be reimbursed by third parties, are typically deferred until the transaction is consummated and are recorded in Prepaid expenses and other assets on the date incurred. The transaction-related costs of pursuing investments not otherwise reimbursed are borne by the Company and for successfully completed investments included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as Cash and cash equivalents with an offset to Other liabilities or Other payables to affiliates. Other liabilities or Other payables to affiliates are relieved as reimbursable expenses are incurred.

Income Taxes, Including Excise Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and the Company intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must, among other things, distribute to its stockholders in each taxable year generally at least 90% of its investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain its RIC status, the Company, among other things, has made and intends to continue to make the requisite distributions to its stockholders, which generally relieves the Company from corporate-level U.S. federal income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that the estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company accrues excise tax on estimated excess taxable income.

For the three and six months ended June 30, 2023, the Company recorded a net expense of $0.9 million and $1.3 million, respectively, for U.S. federal excise tax and other taxes. For the three and six months ended June 30, 2022, the Company recorded a net expense of $0.8 million and $1.1 million, respectively, for U.S. federal excise tax and other taxes.

Dividends to Common Stockholders

Dividends to common stockholders are recorded on the record date. The amount to be paid out as a dividend is determined by the Board and is generally based upon the earnings estimated by the Adviser. Net realized long-term capital gains, if any, would generally be distributed at least annually, although the Company may decide to retain such capital gains.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any dividends declared in cash on behalf of stockholders, unless a stockholder elects to receive cash. As a result, if the Board authorizes, and it declares, a cash dividend, then the stockholders who have not “opted out” of the dividend reinvestment plan will have their cash dividends automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash dividend. The Company expects to use newly issued shares to satisfy the dividend reinvestment plan.

Recent Accounting Standards and Regulatory Updates

In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update 2022-06 (“ASU 2022-06”) “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848.” Topic 848 provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU 2022-06 is effective for all entities in scope upon issuance of ASU 2022-06. The adoption of this guidance did not have a material impact on the Company’s financial position, result of operations or cash flows.

XML

N-2 - USD ($)
$ / shares in Units, $ in Millions

1 Months Ended

6 Months Ended

Feb. 03, 2021

Feb. 05, 2020

Nov. 30, 2019

Jun. 30, 2018

Jan. 31, 2018

Feb. 28, 2017

Jun. 30, 2023

Dec. 31, 2022

Jun. 30, 2022

Dec. 31, 2021

Cover [Abstract]

Entity Central Index Key

0001508655

Amendment Flag

false

Securities Act File Number

001-36364

Document Type

10-Q

Entity Registrant Name

Sixth Street Specialty Lending, Inc.

Entity Address, Address Line One

2100 McKinney Avenue

Entity Address, Address Line Two

Suite 1500

Entity Address, City or Town

Dallas

Entity Address, State or Province

TX

Entity Address, Postal Zip Code

75201

City Area Code

469

Local Phone Number

621-3001

Entity Emerging Growth Company

false

General Description of Registrant [Abstract]

Investment Objectives and Practices [Text Block]

Our Investment Framework

We are a specialty finance company focused on lending to middle-market companies. Since we began our investment activities in July 2011, through June 30, 2023, we have originated more than $27.6 billion aggregate principal amount of investments and retained approximately $9.6 billion aggregate principal amount of these investments on our balance sheet prior to any subsequent exits and repayments. We seek to generate current income primarily in U.S.-domiciled middle-market companies through direct originations of senior secured loans and, to a lesser extent, originations of mezzanine and unsecured loans and investments in corporate bonds, equity securities, and other instruments.

By “middle-market companies,” we mean companies that have annual EBITDA, which we believe is a useful proxy for cash flow, of $10 million to $250 million, although we may invest in larger or smaller companies on occasion. As of June 30, 2023, our core portfolio companies, which exclude certain investments that fall outside of our typical borrower profile and represent 91.3% of our total investments based on fair value, had weighted average annual revenue of $205.3 million and weighted average annual EBITDA of $67.3 million.

We invest in first-lien debt, second-lien debt, mezzanine and unsecured debt and equity and other investments. Our first-lien debt may include stand-alone first-lien loans; “last out” first-lien loans, which are loans that have a secondary priority behind super-senior “first out” first-lien loans; “unitranche” loans, which are loans that combine features of first-lien, second-lien and mezzanine debt, generally in a first-lien position; and secured corporate bonds with similar features to these categories of first-lien loans. Our second-lien debt may include secured loans, and, to a lesser extent, secured corporate bonds, with a secondary priority behind first-lien debt.

The debt in which we invest typically is not rated by any rating agency, but if these instruments were rated, they would likely receive a rating of below investment grade (that is, below BBB- or Baa3 as defined by Standard & Poor’s and Moody’s Investors Services, respectively), which is often referred to as “junk.”

The companies in which we invest use our capital to support organic growth, acquisitions, market or product expansion and recapitalizations (including restructurings). As of June 30, 2023, the largest single investment based on fair value represented 2.5% of our total investment portfolio.

As of June 30, 2023, the average investment size in each of our portfolio companies was approximately $23.8 million based on fair value. Portfolio companies includes investments in structured credit investments, which include each series of collateralized loan obligation as a portfolio company investment. When excluding investments in structured credit investments the average investment in our remaining portfolio companies was approximately $35.3 million as of June 30, 2023.

Through our Adviser, we consider potential investments utilizing a four-tiered investment framework and against our existing portfolio as a whole:

Business and sector selection. We focus on companies with enterprise value between $50 million and $1 billion. When reviewing potential investments, we seek to invest in businesses with high marginal cash flow, recurring revenue streams and where we believe credit quality will improve over time. We look for portfolio companies that we think have a sustainable competitive advantage in growing industries or distressed situations. We also seek companies where our investment will have a low loan-to-value ratio.

We currently do not limit our focus to any specific industry and we may invest in larger or smaller companies on occasion. We classify the industries of our portfolio companies by end-market (such as healthcare, and business services) and not by the products or services (such as software) directed to those end-markets.

As of June 30, 2023, the largest industry represented 15.7% of our total investment portfolio based on fair value.

Investment Structuring. We focus on investing at the top of the capital structure and protecting that position. As of June 30, 2023, approximately 91.9% of our portfolio was invested in secured debt, including 90.6% in first-lien debt investments. We carefully perform diligence and structure investments to include strong investor covenants. As a result, we structure investments with a view to creating opportunities for early intervention in the event of non-performance or stress. In addition, we seek to retain effective voting control in investments over the loans or particular class of securities in which we invest through maintaining affirmative voting positions or negotiating consent rights that allow us to retain a blocking position. We also aim for our loans to mature on a medium term, between two to six years after origination. For the six months ended June 30, 2023, the weighted average term on new investment commitments in new portfolio companies was 6.7 years.

Deal Dynamics. We focus on, among other deal dynamics, direct origination of investments, where we identify and lead the investment transaction. A substantial majority of our portfolio investments are sourced through our direct or proprietary relationships.

Risk Mitigation. We seek to mitigate non-credit-related risk on our returns in several ways, including call protection provisions to protect future interest income. As of June 30, 2023, we had call protection on 76.6% of our debt investments based on fair value, with weighted average call prices of 107.0% for the first year, 103.6% for the second year and 101.2% for the third year, in each case from the date of the initial investment. As of June 30, 2023, 99.2% of our debt investments based on fair value bore interest at floating rates, with 100.0% of these subject to interest rate floors, which we believe helps act as a portfolio-wide hedge against inflation.

Risk Factors [Table Text Block]

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the risk factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and the risk factors set forth below, which could materially affect our business, financial condition and/or operating results. These risks are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results.

Pursuant to Section 61(a)(2)(C)(ii) of the 1940 Act, the principal risk factors associated with our senior securities are set forth below. However, since we already use leverage in optimizing our investment portfolio, the principal risk factors associated with our senior securities do not represent material changes to the risk factors previously disclosed in our Annual Report on Form 10-K for the fiscal year ended December 31, 2022.

Legislation allows us to incur additional leverage.

Under the 1940 Act, a BDC generally is not permitted to incur borrowings, issue debt securities or issue preferred stock unless immediately after the borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock is at least 200%. However, under the SBCAA, which became law in March 2018, BDCs have the ability to elect to become subject to a lower asset coverage requirement of 150%, subject to the receipt of the requisite board or stockholder approvals under the SBCAA and satisfaction of certain other conditions.

On October 8, 2018, our stockholders approved the application of the minimum asset coverage ratio of 150% to us, as set forth in Section 61(a)(2) of the 1940 Act, as amended by the SBCAA. As a result and subject to certain additional disclosure requirements, as of October 9, 2018, our minimum asset coverage ratio was reduced from 200% to 150%. In other words, pursuant to Section 61(a) of the 1940 Act, as amended by the SBCAA, we are permitted to potentially increase our maximum debt-to-equity ratio from an effective level of one-to-one to two-to-one.

As a result, you may face increased investment risk. We may not be able to implement our strategy to utilize additional leverage successfully. Any impact on returns or equity or our business associated with additional leverage may not outweigh the additional risk. See “—We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.”

Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.

The 1940 Act imposes numerous constraints on the operations of BDCs. See “ITEM 1. BUSINESS—Regulation as a Business Development Company” in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 16, 2023, for a discussion of BDC limitations. For example, BDCs are required to invest at least 70% of their total assets in securities of nonpublic or thinly traded U.S. companies, cash, cash equivalents, U.S. government securities and other high-quality debt investments that mature in one year or less. These constraints may hinder the Adviser’s ability to take advantage of attractive investment opportunities and to achieve our investment objective.

We may need to periodically access the debt and equity capital markets to raise cash to fund new investments in excess of our repayments, and we may also need to access the capital markets to refinance existing debt obligations to the extent such maturing obligations are not repaid with availability under our revolving credit facilities or cash flows from operations.

Regulations governing our operation as a BDC affect our ability to raise additional capital, and the ways in which we can do so. Raising additional capital may expose us to risks, including the typical risks associated with leverage, and may result in dilution to our current stockholders. The 1940 Act limits our ability to incur borrowings and issue debt securities and preferred stock, which we refer to as senior securities, requiring that after any borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%.

We may need to continue to borrow from financial institutions and issue additional securities to fund our growth. Unfavorable economic or capital market conditions may increase our funding costs, limit our access to the capital markets or could result in a decision by lenders not to extend credit to us. An inability to successfully access the capital markets may limit our ability to refinance

our existing debt obligations as they come due and/or to fully execute our business strategy and could limit our ability to grow or cause us to have to shrink the size of our business, which could decrease our earnings, if any. Consequently, if the value of our assets declines or we are unable to access the capital markets we may be required to sell a portion of our investments and, depending on the nature of our leverage, repay a portion of our indebtedness at a time when this may be disadvantageous. Also, any amounts that we use to service our indebtedness would not be available for distributions to our common stockholders. If we borrow money or issue senior securities, we will be exposed to typical risks associated with leverage, including an increased risk of loss.

If we issue preferred stock, the preferred stock would rank senior to common stock in our capital structure. Preferred stockholders would have separate voting rights on certain matters and may have other rights, preferences or privileges more favorable than those of our common stockholders. The issuance of preferred stock could have the effect of delaying, deferring or preventing a transaction or a change of control that might involve a premium price for holders of our common stock or otherwise be in your best interest. Holders of our common stock will directly or indirectly bear all of the costs associated with offering and servicing any preferred stock that we issue. In addition, any interests of preferred stockholders may not necessarily align with the interests of holders of our common stock and the rights of holders of shares of preferred stock to receive dividends would be senior to those of holders of shares of our common stock.

Our Board may decide to issue additional common stock to finance our operations rather than issuing debt or other senior securities. However, we generally are not able to issue and sell our common stock at a price below net asset value per share. We may, however, elect to issue and sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current net asset value of our common stock if our Board determines that the sale is in our best interests and the best interests of our stockholders, and our stockholders have approved our policy and practice of making these sales within the preceding 12 months. Pursuant to approval granted at a special meeting of stockholders held on May 25, 2023, we are currently permitted to sell or otherwise issue shares of our common stock at a price below our then-current net asset value per share, subject to the approval of our Board and certain other conditions. Such stockholder approval expires on May 25, 2024. We may in the future seek such approval again; however, there is no assurance such approval will be obtained. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board, closely approximates the market value of those securities (less any distribution commission or discount). In the event we sell shares of our common stock at a price below net asset value per share, existing stockholders will experience net asset value dilution. This dilution would occur as a result of the sale of shares at a price below the then current net asset value per share of our common stock and would cause a proportionately greater decrease in the stockholders’ interest in our earnings and assets and their voting interest in us than the increase in our assets resulting from such issuance. As a result of any such dilution, our market price per share may decline. Because the number of shares of common stock that could be so issued and the timing of any issuance is not currently known, the actual dilutive effect cannot be predicted.

In addition to issuing securities to raise capital as described above, we could securitize our investments to generate cash for funding new investments. To securitize our investments, we likely would create a wholly owned subsidiary, contribute a pool of loans to the subsidiary and have the subsidiary issue primarily investment grade debt securities to purchasers who we would expect would be willing to accept a substantially lower interest rate than the loans earn. We would retain all or a portion of the equity in the securitized pool of loans. Our retained equity would be exposed to any losses on the portfolio of investments before any of the debt securities would be exposed to the losses. An inability to successfully securitize our investment portfolio could limit our ability to grow or fully execute our business and could adversely affect our earnings, if any. The successful securitization of our investment could expose us to losses because the portions of the securitized investments that we would typically retain tend to be those that are riskier and more apt to generate losses. The 1940 Act also may impose restrictions on the structure of any securitization. In connection with any future securitization of investments, we may incur greater set-up and administration fees relating to such vehicles than we have in connection with financing of our investments in the past.

We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.

As part of our business strategy, we borrow from and may in the future issue additional senior debt securities to banks, insurance companies and other lenders. Holders of these loans or senior securities would have fixed-dollar claims on our assets that have priority over the claims of our stockholders. If the value of our assets decreases, leverage will cause our net asset value to decline more sharply than it otherwise would have without leverage. Similarly, any decrease in our income would cause our net income to decline more sharply than it would have if we had not borrowed. This decline could negatively affect our ability to make dividend payments on our common stock. Our ability to service our borrowings depends largely on our financial performance and is subject to prevailing economic conditions and competitive pressures. In addition, the Management Fee is payable based on our gross assets, including cash and assets acquired through the use of leverage, which may give our Adviser an incentive to use leverage to make additional investments. The amount of leverage that we employ will depend on our Adviser’s and our Board’s assessment of market and other factors at the time of any proposed borrowing. We cannot assure you that we will be able to obtain credit at all or on terms acceptable to us.

Our credit facilities and indentures governing our indebtedness also impose financial and operating covenants that restrict our business activities, remedies on default and similar matters. As of June 30, 2023, we are in compliance with the covenants of our credit facilities and indentures. However, our continued compliance with these covenants depends on many factors, some of which are beyond our control. Accordingly, although we believe we will continue to be in compliance, we cannot assure you that we will continue to comply with the covenants in our credit facilities and indentures. Failure to comply with these covenants could result in a default. If we were unable to obtain a waiver of a default from the lenders or holders of that indebtedness, as applicable, those lenders or holders could accelerate repayment under that indebtedness. An acceleration could have a material adverse impact on our business, financial condition and results of operations. Lastly, we may be unable to obtain additional leverage, which would, in turn, affect our return on capital.

As of June 30, 2023, we had $1,698.3 million of outstanding indebtedness, which had an annualized interest cost of 7.13% under the terms of our debt, excluding fees (such as fees on undrawn amounts and amortization of upfront fees) and giving effect to the swap-adjusted interest rates on our 2024 Notes and 2026 Notes. As of June 30, 2023, as adjusted to give effect to the interest rate swaps, the interest rate on the 2024 Notes was three-month LIBOR plus 2.28% (on a weighted-average basis), and the interest rate on the 2026 Notes was three-month LIBOR plus 1.91%. On September 25, 2023, the swap-adjusted interest rate on the 2024 Notes and 2026 Notes will transition to three-month SOFR plus 2.54% (on a weighted average basis), and three-month SOFR plus 2.17%, respectively.

For us to cover these annualized interest payments on indebtedness, we must achieve annual returns on our investments of at least 3.9%. Since we generally pay interest at a floating rate on our debt, an increase in interest rates will generally increase our borrowing costs. We expect that our annualized interest cost and returns required to cover interest will increase if we issue additional debt securities.

In order to assist investors in understanding the effects of leverage, the following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. Leverage generally magnifies the return of stockholders when the portfolio return is positive and magnifies their losses when the portfolio return is negative. Actual returns may be greater or less than those appearing in the table. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing below.

Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of June 30, 2023

	Assumed Return on Our Portfolio (net of expenses) (1)
	-10%			-5%			0%			5%			10%
Corresponding return to stockholder (2)		-29.8	%		-19.0	%		-8.3	%		2.5	%		13.2	%

(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 June 30, 2023. As a result, it has not been updated to take into account any changes in assets or leverage since June 30, 2023.

(2)In order to compute the “Corresponding return to stockholder,” the “Assumed Return on Our Portfolio” is multiplied by the total value of our assets at June 30, 2023 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 7.13% by the approximately $1,698.3 million 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 at June 30, 2023 to determine the “Corresponding return to stockholder.”

Our indebtedness could adversely affect our business, financial conditions or results of operations.

We cannot assure you that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under our credit facilities or otherwise in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs. We may need to refinance all or a portion of our indebtedness on or before it matures. We cannot assure you that we will be able to refinance any of our indebtedness on commercially reasonable terms or at all. If we cannot service our indebtedness, we may have to take actions such as selling assets or seeking additional equity. We cannot assure you that any such actions, if necessary, could be effected on commercially reasonable terms or at all, or on terms that would not be disadvantageous to our stockholders or on terms that would not require us to breach the terms and conditions of our existing or future debt agreements.

Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.

Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser. The Management Fee is calculated as a percentage of the value of our gross assets at a specific time, which would include any borrowings for investment purposes, and may give our Adviser an incentive to use leverage to make additional investments. In addition, the Management Fee is payable regardless of whether the value of our gross assets or your investment have decreased. The use of increased leverage may increase the likelihood of default, which would disfavor holders of our common stock. Given the subjective nature of the investment decisions that our Adviser will make on our behalf, we may not be able to monitor this potential conflict of interest.

The Incentive Fee is calculated as a percentage of pre-Incentive Fee net investment income. Since pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses, it is possible that we may pay an Incentive Fee in a quarter in which we incur a loss. For example, if we receive pre-Incentive Fee net investment income in excess of the quarterly minimum hurdle rate, we will pay the applicable Incentive Fee even if we have incurred a loss in that quarter due to realized and unrealized capital losses. In addition, because the quarterly minimum hurdle rate is calculated based on our net assets, decreases in our net assets due to realized or unrealized capital losses in any given quarter may increase the likelihood that the hurdle rate is reached in that quarter and, as a result, that an Incentive Fee is paid for that quarter. Our net investment income used to calculate this component of the Incentive Fee is also included in the amount of our gross assets used to calculate the Management Fee.

Also, one component of the Incentive Fee is calculated annually based upon our realized capital gains, computed net of realized capital losses and unrealized capital losses on a cumulative basis. As a result, we may owe the Adviser an Incentive Fee during one year as a result of realized capital gains on certain investments, and then incur significant realized capital losses and unrealized capital losses on the remaining investments in our portfolio during subsequent years. Incentive Fees earned in prior years cannot be clawed back even if we later incur losses.

In addition, the Incentive Fee payable by us to the Adviser may create an incentive for the Adviser to make investments on our behalf that are risky or more speculative than would be the case in the absence of such a compensation arrangement. The Adviser receives the Incentive Fee based, in part, upon capital gains realized on our investments. Unlike the portion of the Incentive Fee that is based on income, there is no hurdle rate applicable to the portion of the Incentive Fee based on capital gains. As a result, the Adviser may have an incentive to invest more in companies whose securities are likely to yield capital gains, as compared to income-producing investments. Such a practice could result in our making more speculative investments than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns.

Effects of Leverage [Table Text Block]

Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of June 30, 2023

	Assumed Return on Our Portfolio (net of expenses) (1)
	-10%			-5%			0%			5%			10%
Corresponding return to stockholder (2)		-29.8	%		-19.0	%		-8.3	%		2.5	%		13.2	%

(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 June 30, 2023. As a result, it has not been updated to take into account any changes in assets or leverage since June 30, 2023.

(2)In order to compute the “Corresponding return to stockholder,” the “Assumed Return on Our Portfolio” is multiplied by the total value of our assets at June 30, 2023 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 7.13% by the approximately $1,698.3 million 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 at June 30, 2023 to determine the “Corresponding return to stockholder.”

Return at Minus Ten [Percent]

(29.80%)

Return at Minus Five [Percent]

(19.00%)

Return at Zero [Percent]

(8.30%)

Return at Plus Five [Percent]

2.50%

Return at Plus Ten [Percent]

13.20%

NAV Per Share

$ 16.74

$ 16.48

$ 16.27

$ 16.84

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt [Table Text Block]

2022 Convertible Notes

In February 2017, we issued in a private offering $115.0 million aggregate principal amount convertible notes due August 2022 (the “2022 Convertible Notes”). The 2022 Convertible Notes were issued in a private placement only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The 2022 Convertible Notes were unsecured, and bore interest at a rate of 4.50% per year, payable semiannually. In June 2018, we issued an additional $57.5 million aggregate principal amount of 2022 Convertible Notes. The additional 2022 Convertible Notes were issued with identical terms, and were fungible with and were part of a single series with the previously outstanding $115.0 million aggregate principal amount of our 2022 Convertible Notes issued in February 2017. In connection with the offering of 2022 Convertible Notes in February 2017 and the reopening in June 2018, we entered into interest rate swaps to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swaps matched the amount of principal outstanding, and matured on August 1, 2022, matching the maturity date of the 2022 Convertible Notes.

On August 1, 2022, the 2022 Convertible Notes matured in accordance with the governing indenture. Holders of $79.2 million aggregate principal amount of notes provided valid notice of conversion and were subject to the combination settlement method previously elected by us, with a specified cash amount (as defined in the indenture governing the 2022 Convertible Notes) of $20.00 per $1,000 principal amount of the 2022 Convertible Notes and any additional amounts in stock based on the applicable conversion rate as described in the indenture. In accordance with the settlement method, we issued a total of 4,360,125 shares of common stock, or $77.6 million at the adjusted conversion price per share of $17.92. The remaining balance of the notes that were not converted into newly issued shares of common stock were settled with existing cash resources, including through utilization of our Revolving Credit Facility. The interest rate swaps associated with the principal amount of the notes outstanding were terminated on the date of maturity of the 2022 Convertible Notes.

2023 Notes

In January 2018, we issued $150.0 million aggregate principal amount of unsecured notes that matured on January 22, 2023 (the “2023 Notes”). The principal amount of the 2023 Notes was payable at maturity. The 2023 Notes bore interest at a rate of 4.50% per year, payable semi-annually commencing on July 22, 2018, and were redeemable in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2023 Notes, net of underwriting discounts and offering costs, were $146.9 million. We used the net proceeds of the 2023 Notes to repay outstanding indebtedness under the Revolving Credit Facility. The 2023 Notes matured on January 22, 2023 and were fully repaid in cash. The swap transaction associated with the issuance of the 2023 Notes also matured on January 22, 2023.

2024 Notes

In November 2019, we issued $300.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024 (the “2024 Notes”). The principal amount of the 2024 Notes is payable at maturity. The 2024 Notes bear interest at a rate of 3.875% per year, payable semi-annually commencing on May 1, 2020, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2024 Notes, net of underwriting discounts, offering costs and original issue discount were $292.9 million. We used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

On February 5, 2020, we issued an additional $50.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024. The additional 2024 Notes are a further issuance of, fungible with, rank equally in right of payment with and have the same terms (other than the issue date and the public offering price) as the initial issuance of 2024 Notes. Total proceeds from the issuance of the additional 2024 Notes, net of underwriting discounts, offering costs and original issue premium were $50.1 million. We used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the 2024 Notes offering and reopening of the 2024 Notes, we entered into interest rate swaps to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the two interest rates swaps is $300.0 million and $50.0 million, respectively, each of which matures on November 1, 2024, matching the maturity date of the 2024 Notes. As a result of the swaps, our effective interest rate on the 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis).

During the year ended December 31, 2020, we repurchased on the open market and extinguished $2.5 million in aggregate principal amount of the 2024 Notes for $2.4 million. These repurchases resulted in a gain on extinguishment of debt of less than $0.1 million. This gain is included in the extinguishment of debt in the accompanying Consolidated Statements of Operations. In connection with the repurchase of the 2024 Notes, we entered into a floating-to-fixed interest rate swap with a notional amount equal to the amount of 2024 Notes repurchased, which had the effect of reducing the notional exposure of the fixed-to-floating interest rate swaps, which were entered into in connection with the issuance of the 2024 Notes, to match the remaining principal amount of the 2024 Notes outstanding. As a result of the swap, our effective interest rate on the outstanding 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, our effective interest rate will be three-month SOFR plus 2.54% (on a weighted average basis).

2026 Notes

On February 3, 2021, we issued $300.0 million aggregate principal amount of unsecured notes that mature on August 1, 2026 (the “2026 Notes”). The principal amount of the 2026 Notes is payable at maturity. The 2026 Notes bear interest at a rate of 2.50% per year, payable semi-annually commencing on August 1, 2021, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2026 Notes, net of underwriting discounts, offering costs and original issue discount, were $293.7 million. We used the net proceeds of the 2026 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the issuance of the 2026 Notes, we entered into an interest rate swap to align the interest rates of our liabilities with our investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swap is $300.0 million, which matures on August 1, 2026, matching the maturity date of the 2026 Notes. As a result of the swap, our effective interest rate on the 2026 Notes is three-month LIBOR plus 1.91%. Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, our effective interest rate will be three-month SOFR plus 2.17%.

Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023
	Aggregate Principal		Outstanding		Amount		Carrying
($ in millions)	Amount Committed		Principal		Available (1)		Value (2)(3)
Revolving Credit Facility	$	1,710.0	$	1,050.8	$	659.2	$	1,033.9
2024 Notes		347.5		347.5	—			328.0
2026 Notes		300.0		300.0	—			261.4
Total Debt	$	2,357.5	$	1,698.3	$	659.2	$	1,623.3

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

	December 31, 2022
	Aggregate Principal		Outstanding		Amount		Carrying
($ in millions)	Amount Committed		Principal		Available (1)		Value (2)(3)
Revolving Credit Facility	$	1,585.0	$	719.3	$	865.7	$	706.2
2023 Notes		150.0		150.0	—			149.9
2024 Notes		347.5		347.5	—			325.5
2026 Notes		300.0		300.0	—			260.2
Total Debt	$	2,382.5	$	1,516.8	$	865.7	$	1,441.8

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

As of June 30, 2023 and December 31, 2022, we were in compliance with the terms of our debt arrangements. We intend to continue to utilize our credit facilities to fund investments and for other general corporate purposes.

Legislation Allows to Incur Additional Leverage [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Legislation allows us to incur additional leverage.

Under the 1940 Act, a BDC generally is not permitted to incur borrowings, issue debt securities or issue preferred stock unless immediately after the borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock is at least 200%. However, under the SBCAA, which became law in March 2018, BDCs have the ability to elect to become subject to a lower asset coverage requirement of 150%, subject to the receipt of the requisite board or stockholder approvals under the SBCAA and satisfaction of certain other conditions.

On October 8, 2018, our stockholders approved the application of the minimum asset coverage ratio of 150% to us, as set forth in Section 61(a)(2) of the 1940 Act, as amended by the SBCAA. As a result and subject to certain additional disclosure requirements, as of October 9, 2018, our minimum asset coverage ratio was reduced from 200% to 150%. In other words, pursuant to Section 61(a) of the 1940 Act, as amended by the SBCAA, we are permitted to potentially increase our maximum debt-to-equity ratio from an effective level of one-to-one to two-to-one.

As a result, you may face increased investment risk. We may not be able to implement our strategy to utilize additional leverage successfully. Any impact on returns or equity or our business associated with additional leverage may not outweigh the additional risk. See “—We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.”

Ability to Raise Additional Capital Due to Regulation Governance On BDC [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Regulations governing our operation as a BDC affect our ability to, and the way in which we, raise additional capital.

The 1940 Act imposes numerous constraints on the operations of BDCs. See “ITEM 1. BUSINESS—Regulation as a Business Development Company” in our Annual Report on Form 10-K for the year ended December 31, 2022, filed with the SEC on February 16, 2023, for a discussion of BDC limitations. For example, BDCs are required to invest at least 70% of their total assets in securities of nonpublic or thinly traded U.S. companies, cash, cash equivalents, U.S. government securities and other high-quality debt investments that mature in one year or less. These constraints may hinder the Adviser’s ability to take advantage of attractive investment opportunities and to achieve our investment objective.

We may need to periodically access the debt and equity capital markets to raise cash to fund new investments in excess of our repayments, and we may also need to access the capital markets to refinance existing debt obligations to the extent such maturing obligations are not repaid with availability under our revolving credit facilities or cash flows from operations.

Regulations governing our operation as a BDC affect our ability to raise additional capital, and the ways in which we can do so. Raising additional capital may expose us to risks, including the typical risks associated with leverage, and may result in dilution to our current stockholders. The 1940 Act limits our ability to incur borrowings and issue debt securities and preferred stock, which we refer to as senior securities, requiring that after any borrowing or issuance the ratio of total assets (less total liabilities other than indebtedness) to total indebtedness plus preferred stock, is at least 150%.

We may need to continue to borrow from financial institutions and issue additional securities to fund our growth. Unfavorable economic or capital market conditions may increase our funding costs, limit our access to the capital markets or could result in a decision by lenders not to extend credit to us. An inability to successfully access the capital markets may limit our ability to refinance

our existing debt obligations as they come due and/or to fully execute our business strategy and could limit our ability to grow or cause us to have to shrink the size of our business, which could decrease our earnings, if any. Consequently, if the value of our assets declines or we are unable to access the capital markets we may be required to sell a portion of our investments and, depending on the nature of our leverage, repay a portion of our indebtedness at a time when this may be disadvantageous. Also, any amounts that we use to service our indebtedness would not be available for distributions to our common stockholders. If we borrow money or issue senior securities, we will be exposed to typical risks associated with leverage, including an increased risk of loss.

If we issue preferred stock, the preferred stock would rank senior to common stock in our capital structure. Preferred stockholders would have separate voting rights on certain matters and may have other rights, preferences or privileges more favorable than those of our common stockholders. The issuance of preferred stock could have the effect of delaying, deferring or preventing a transaction or a change of control that might involve a premium price for holders of our common stock or otherwise be in your best interest. Holders of our common stock will directly or indirectly bear all of the costs associated with offering and servicing any preferred stock that we issue. In addition, any interests of preferred stockholders may not necessarily align with the interests of holders of our common stock and the rights of holders of shares of preferred stock to receive dividends would be senior to those of holders of shares of our common stock.

Our Board may decide to issue additional common stock to finance our operations rather than issuing debt or other senior securities. However, we generally are not able to issue and sell our common stock at a price below net asset value per share. We may, however, elect to issue and sell our common stock, or warrants, options or rights to acquire our common stock, at a price below the then-current net asset value of our common stock if our Board determines that the sale is in our best interests and the best interests of our stockholders, and our stockholders have approved our policy and practice of making these sales within the preceding 12 months. Pursuant to approval granted at a special meeting of stockholders held on May 25, 2023, we are currently permitted to sell or otherwise issue shares of our common stock at a price below our then-current net asset value per share, subject to the approval of our Board and certain other conditions. Such stockholder approval expires on May 25, 2024. We may in the future seek such approval again; however, there is no assurance such approval will be obtained. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board, closely approximates the market value of those securities (less any distribution commission or discount). In the event we sell shares of our common stock at a price below net asset value per share, existing stockholders will experience net asset value dilution. This dilution would occur as a result of the sale of shares at a price below the then current net asset value per share of our common stock and would cause a proportionately greater decrease in the stockholders’ interest in our earnings and assets and their voting interest in us than the increase in our assets resulting from such issuance. As a result of any such dilution, our market price per share may decline. Because the number of shares of common stock that could be so issued and the timing of any issuance is not currently known, the actual dilutive effect cannot be predicted.

In addition to issuing securities to raise capital as described above, we could securitize our investments to generate cash for funding new investments. To securitize our investments, we likely would create a wholly owned subsidiary, contribute a pool of loans to the subsidiary and have the subsidiary issue primarily investment grade debt securities to purchasers who we would expect would be willing to accept a substantially lower interest rate than the loans earn. We would retain all or a portion of the equity in the securitized pool of loans. Our retained equity would be exposed to any losses on the portfolio of investments before any of the debt securities would be exposed to the losses. An inability to successfully securitize our investment portfolio could limit our ability to grow or fully execute our business and could adversely affect our earnings, if any. The successful securitization of our investment could expose us to losses because the portions of the securitized investments that we would typically retain tend to be those that are riskier and more apt to generate losses. The 1940 Act also may impose restrictions on the structure of any securitization. In connection with any future securitization of investments, we may incur greater set-up and administration fees relating to such vehicles than we have in connection with financing of our investments in the past.

Borrow Money Which Magnifies Potential for Gain or Loss and Increases Risk of Investing [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We borrow money, which magnifies the potential for gain or loss and increases the risk of investing in us.

As part of our business strategy, we borrow from and may in the future issue additional senior debt securities to banks, insurance companies and other lenders. Holders of these loans or senior securities would have fixed-dollar claims on our assets that have priority over the claims of our stockholders. If the value of our assets decreases, leverage will cause our net asset value to decline more sharply than it otherwise would have without leverage. Similarly, any decrease in our income would cause our net income to decline more sharply than it would have if we had not borrowed. This decline could negatively affect our ability to make dividend payments on our common stock. Our ability to service our borrowings depends largely on our financial performance and is subject to prevailing economic conditions and competitive pressures. In addition, the Management Fee is payable based on our gross assets, including cash and assets acquired through the use of leverage, which may give our Adviser an incentive to use leverage to make additional investments. The amount of leverage that we employ will depend on our Adviser’s and our Board’s assessment of market and other factors at the time of any proposed borrowing. We cannot assure you that we will be able to obtain credit at all or on terms acceptable to us.

Our credit facilities and indentures governing our indebtedness also impose financial and operating covenants that restrict our business activities, remedies on default and similar matters. As of June 30, 2023, we are in compliance with the covenants of our credit facilities and indentures. However, our continued compliance with these covenants depends on many factors, some of which are beyond our control. Accordingly, although we believe we will continue to be in compliance, we cannot assure you that we will continue to comply with the covenants in our credit facilities and indentures. Failure to comply with these covenants could result in a default. If we were unable to obtain a waiver of a default from the lenders or holders of that indebtedness, as applicable, those lenders or holders could accelerate repayment under that indebtedness. An acceleration could have a material adverse impact on our business, financial condition and results of operations. Lastly, we may be unable to obtain additional leverage, which would, in turn, affect our return on capital.

As of June 30, 2023, we had $1,698.3 million of outstanding indebtedness, which had an annualized interest cost of 7.13% under the terms of our debt, excluding fees (such as fees on undrawn amounts and amortization of upfront fees) and giving effect to the swap-adjusted interest rates on our 2024 Notes and 2026 Notes. As of June 30, 2023, as adjusted to give effect to the interest rate swaps, the interest rate on the 2024 Notes was three-month LIBOR plus 2.28% (on a weighted-average basis), and the interest rate on the 2026 Notes was three-month LIBOR plus 1.91%. On September 25, 2023, the swap-adjusted interest rate on the 2024 Notes and 2026 Notes will transition to three-month SOFR plus 2.54% (on a weighted average basis), and three-month SOFR plus 2.17%, respectively.

For us to cover these annualized interest payments on indebtedness, we must achieve annual returns on our investments of at least 3.9%. Since we generally pay interest at a floating rate on our debt, an increase in interest rates will generally increase our borrowing costs. We expect that our annualized interest cost and returns required to cover interest will increase if we issue additional debt securities.

In order to assist investors in understanding the effects of leverage, the following table illustrates the effect of leverage on returns from an investment in our common stock assuming various annual returns, net of expenses. Leverage generally magnifies the return of stockholders when the portfolio return is positive and magnifies their losses when the portfolio return is negative. Actual returns may be greater or less than those appearing in the table. The calculations in the table below are hypothetical and actual returns may be higher or lower than those appearing below.

Effects of Leverage Based on Actual Amount of Borrowings Incurred by us as of June 30, 2023

	Assumed Return on Our Portfolio (net of expenses) (1)
	-10%			-5%			0%			5%			10%
Corresponding return to stockholder (2)		-29.8	%		-19.0	%		-8.3	%		2.5	%		13.2	%

(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 June 30, 2023. As a result, it has not been updated to take into account any changes in assets or leverage since June 30, 2023.

(2)In order to compute the “Corresponding return to stockholder,” the “Assumed Return on Our Portfolio” is multiplied by the total value of our assets at June 30, 2023 to obtain an assumed return to us. From this amount, the interest expense (calculated by multiplying the weighted average stated interest rate of 7.13% by the approximately $1,698.3 million 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 at June 30, 2023 to determine the “Corresponding return to stockholder.”

Indebtedness could Adversely Affect Business Financial Conditions or Results of Operations [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our indebtedness could adversely affect our business, financial conditions or results of operations.

We cannot assure you that our business will generate sufficient cash flow from operations or that future borrowings will be available to us under our credit facilities or otherwise in an amount sufficient to enable us to pay our indebtedness or to fund our other liquidity needs. We may need to refinance all or a portion of our indebtedness on or before it matures. We cannot assure you that we will be able to refinance any of our indebtedness on commercially reasonable terms or at all. If we cannot service our indebtedness, we may have to take actions such as selling assets or seeking additional equity. We cannot assure you that any such actions, if necessary, could be effected on commercially reasonable terms or at all, or on terms that would not be disadvantageous to our stockholders or on terms that would not require us to breach the terms and conditions of our existing or future debt agreements.

Value of Investment Declines, Management Fee and Incentive Fee will be payable to Adviser [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser.

Even in the event the value of your investment declines, the Management Fee and, in certain circumstances, the Incentive Fee will still be payable to the Adviser. The Management Fee is calculated as a percentage of the value of our gross assets at a specific time, which would include any borrowings for investment purposes, and may give our Adviser an incentive to use leverage to make additional investments. In addition, the Management Fee is payable regardless of whether the value of our gross assets or your investment have decreased. The use of increased leverage may increase the likelihood of default, which would disfavor holders of our common stock. Given the subjective nature of the investment decisions that our Adviser will make on our behalf, we may not be able to monitor this potential conflict of interest.

The Incentive Fee is calculated as a percentage of pre-Incentive Fee net investment income. Since pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses, it is possible that we may pay an Incentive Fee in a quarter in which we incur a loss. For example, if we receive pre-Incentive Fee net investment income in excess of the quarterly minimum hurdle rate, we will pay the applicable Incentive Fee even if we have incurred a loss in that quarter due to realized and unrealized capital losses. In addition, because the quarterly minimum hurdle rate is calculated based on our net assets, decreases in our net assets due to realized or unrealized capital losses in any given quarter may increase the likelihood that the hurdle rate is reached in that quarter and, as a result, that an Incentive Fee is paid for that quarter. Our net investment income used to calculate this component of the Incentive Fee is also included in the amount of our gross assets used to calculate the Management Fee.

Also, one component of the Incentive Fee is calculated annually based upon our realized capital gains, computed net of realized capital losses and unrealized capital losses on a cumulative basis. As a result, we may owe the Adviser an Incentive Fee during one year as a result of realized capital gains on certain investments, and then incur significant realized capital losses and unrealized capital losses on the remaining investments in our portfolio during subsequent years. Incentive Fees earned in prior years cannot be clawed back even if we later incur losses.

In addition, the Incentive Fee payable by us to the Adviser may create an incentive for the Adviser to make investments on our behalf that are risky or more speculative than would be the case in the absence of such a compensation arrangement. The Adviser receives the Incentive Fee based, in part, upon capital gains realized on our investments. Unlike the portion of the Incentive Fee that is based on income, there is no hurdle rate applicable to the portion of the Incentive Fee based on capital gains. As a result, the Adviser may have an incentive to invest more in companies whose securities are likely to yield capital gains, as compared to income-producing investments. Such a practice could result in our making more speculative investments than would otherwise be the case, which could result in higher investment losses, particularly during cyclical economic downturns.

2022 Convertible Notes [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

2022 Convertible Notes

Long Term Debt, Principal

$ 57.5

$ 115.0

Long Term Debt, Structuring [Text Block]

The 2022 Convertible Notes were unsecured, and bore interest at a rate of 4.50% per year, payable semiannually.

2023 Notes [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

2023 Notes

Long Term Debt, Principal

$ 150.0

Long Term Debt, Structuring [Text Block]

The principal amount of the 2023 Notes was payable at maturity. The 2023 Notes bore interest at a rate of 4.50% per year, payable semi-annually commencing on July 22, 2018, and were redeemable in whole or in part at our option at any time at par plus a “make whole” premium.

2024 Notes [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

2024 Notes

Long Term Debt, Principal

$ 50.0

$ 300.0

Long Term Debt, Structuring [Text Block]

The principal amount of the 2024 Notes is payable at maturity. The 2024 Notes bear interest at a rate of 3.875% per year, payable semi-annually commencing on May 1, 2020, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium.

2026 Notes [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

2026 Notes

Long Term Debt, Principal

$ 300.0

Long Term Debt, Structuring [Text Block]

The principal amount of the 2026 Notes is payable at maturity. The 2026 Notes bear interest at a rate of 2.50% per year, payable semi-annually commencing on August 1, 2021, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium.

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Agreements and Related Party Transactions

6 Months Ended

Jun. 30, 2023

Related Party Transactions [Abstract]

Agreements and Related Party Transactions

3. Agreements and Related Party Transactions

Administration Agreement

On March 15, 2011, the Company entered into the Administration Agreement with the Adviser. Under the terms of the Administration Agreement, the Adviser provides administrative services to the Company. These services include providing office space, equipment and office services, maintaining financial records, preparing reports to stockholders and reports filed with the SEC, and managing the payment of expenses and the oversight of the performance of administrative and professional services rendered by others. Certain of these services are reimbursable to the Adviser under the terms of the Administration Agreement. In addition, the Adviser is permitted to delegate its duties under the Administration Agreement to affiliates or third parties and the Company pays or reimburses the Adviser for certain expenses incurred by any such affiliates or third parties for work done on its behalf.

In February 2017, the Board of Directors of the Company and the Adviser entered into an amended and restated administration agreement (the “Administration Agreement”) reflecting certain clarifications to the agreement to provide greater detail regarding the scope of the reimbursable costs and expenses of the Administrator’s services.

In November 2022, the Board renewed the Administration Agreement. Unless earlier terminated as described below, the Administration Agreement will remain in effect until November 2023, and may be extended subject to required approvals. The Administration Agreement may be terminated by either party without penalty on 60 days’ written notice to the other party.

No person who is an officer, director or employee of the Adviser or its affiliates and who serves as a director of the Company receives any compensation from the Company for his or her services as a director. However, the Company reimburses the Adviser (or its affiliates) for the allocable portion of the costs of compensation, benefits, and related administrative expenses of the Company’s officers who provide operational and administrative services to the Company pursuant to the Administration Agreement, their respective staffs and other professionals who provide services to the Company (including, in each case, employees of the Adviser or an affiliate). Such reimbursable amounts include the allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s Chief Financial Officer, Chief Compliance Officer, and other professionals who provide operational and administrative services to the Company pursuant to the Administration Agreement, including individuals who provide “back office” or “middle office” financial, operational, legal and/or compliance services to the Company. The Company reimburses the Adviser (or its affiliates) for the allocable portion of the compensation paid by the Adviser (or its affiliates) to such individuals based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company and in acting on behalf of the Company. The Company may also reimburse the Adviser or its affiliates for the allocable portion of overhead expenses (including rent, office equipment and utilities) attributable thereto. Directors who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings.

For the three and six months ended June 30, 2023 the Company incurred expenses of $0.6 million and $1.2 million, respectively, for administrative services payable to the Adviser under the terms of the Administration Agreement, which is included in other general and administrative expenses in the Consolidated Statements of Operations. For the three and six months ended June 30, 2022, the Company incurred expenses of $0.8 million and $1.4 million, respectively, for administrative services payable to the Adviser under the terms of the Administration Agreement.

Investment Advisory Agreement

On April 15, 2011, the Company entered into the Investment Advisory Agreement with the Adviser. The Investment Advisory Agreement was subsequently amended on December 12, 2011. Under the terms of the Investment Advisory Agreement, the Adviser provides investment advisory services to the Company. The Adviser’s services under the Investment Advisory Agreement are not exclusive, and the Adviser is free to furnish similar or other services to others so long as its services to the Company are not impaired. Under the terms of the Investment Advisory Agreement, the Company will pay the Adviser the Management Fee and may also pay certain Incentive Fees.

The Management Fee is calculated at an annual rate of 1.5% based on the average value of the Company’s gross assets calculated using the values at the end of the two most recently completed calendar quarters, adjusted for any share issuances or repurchases during the period. The Management Fee is payable quarterly in arrears.

For the three and six months ended June 30, 2023 Management Fees (gross of waivers) were $11.4 million and $22.1 million, respectively. For the three and six months ended June 30, 2022, Management Fees (gross of waivers) were $9.5 million and $18.8 million, respectively.

Any waived Management Fees are not subject to recoupment by the Adviser.

The Adviser intends to waive a portion of the Management Fee payable under the Investment Advisory Agreement by reducing the Management Fee on assets financed using leverage over 200% asset coverage (in other words, over 1.0x debt to equity) (the

“Leverage Waiver”). Pursuant to the Leverage Waiver, the Adviser intends to waive the portion of the Management Fee in excess of an annual rate of 1.0% (0.250% per quarter) on the average value of the Company's gross assets as of the end of the two most recently completed calendar quarters that exceeds the product of (i) 200% and (ii) the average value of our net asset value at the end of the two most recently completed calendar quarters. The Adviser waived Management Fees of $0.3 million and $0.6 million, respectively, for the three and six months ended June 30, 2023 pursuant to the Leverage Waiver. For the three and six months ended June 30, 2022, Management Fees of less than $0.1 million have been waived pursuant to the Leverage Waiver.

The Incentive Fee consists of two parts, as follows:

1.The first component, payable at the end of each quarter in arrears, equals 100% of the pre-Incentive Fee net investment income in excess of a 1.5% quarterly “hurdle rate,” the calculation of which is further explained below, until the Adviser has received 17.5% of the total pre-Incentive Fee net investment income for that quarter and, for pre-Incentive Fee net investment income in excess of 1.82% quarterly, 17.5% of all remaining pre-Incentive Fee net investment income for that quarter. The 100% “catch-up” provision for pre-Incentive Fee net investment income in excess of the 1.5% “hurdle rate” is intended to provide the Adviser with an Incentive Fee of 17.5% on all pre-Incentive Fee net investment income when that amount equals 1.82% in a quarter (7.28% annualized), which is the rate at which catch-up is achieved. Once the “hurdle rate” is reached and catch-up is achieved, 17.5% of any pre-Incentive Fee net investment income in excess of 1.82% in any quarter is payable to the Adviser.

Pre-Incentive Fee net investment income means dividends, interest and fee income accrued by the Company during the calendar quarter, minus the Company’s operating expenses for the quarter (including the Management Fee, expenses payable under the Administration Agreement to the Administrator, and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the Incentive Fee). Pre-Incentive Fee net investment income includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with pay-in-kind interest and zero coupon securities), accrued income that the Company may not have received in cash. Pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses.

2.The second component, payable at the end of each fiscal year in arrears, equaled 15% through March 31, 2014 and, beginning April 1, 2014, equals a weighted percentage of cumulative realized capital gains from the Company’s inception to the end of that fiscal year, less cumulative realized capital losses and unrealized capital losses. This component of the Incentive Fee is referred to as the Capital Gains Fee. Each year, the fee paid for this component of the Incentive Fee is net of the aggregate amount of any previously paid Capital Gains Fee for prior periods. For capital gains that accrue following March 31, 2014, the Incentive Fee rate is 17.5%. The Company accrues, but does not pay, a capital gains Incentive Fee with respect to unrealized capital gains because a capital gains Incentive Fee would be owed to the Adviser if the Company were to sell the relevant investment and realize a capital gain. The weighted percentage is intended to ensure that for each fiscal year following the completion of the IPO, the portion of the Company’s realized capital gains that accrued prior to March 31, 2014, is subject to an Incentive Fee rate of 15% and the portion of the Company’s realized capital gains that accrued beginning April 1, 2014 is subject to an Incentive Fee rate of 17.5%. As of March 31, 2020, there were no remaining investments that were made prior to April 1, 2014, and as a result, the Incentive Fee rate of 17.5% is applicable to any future realized capital gains.

For purposes of determining whether pre-Incentive Fee net investment income exceeds the hurdle rate, pre-Incentive Fee net investment income is expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding calendar quarter.

Section 205(b)(3) of the Investment Advisers Act of 1940, as amended, or the Advisers Act, prohibits the Adviser from receiving the payment of fees on unrealized gains until those gains are realized, if ever. There can be no assurance that such unrealized gains will be realized in the future.

For three and six months ended June 30, 2023, Incentive Fees were $11.3 million and $22.5 million, respectively, of which $10.5 million and $20.0 million, respectively, were realized and payable to the Adviser. For the three and six months ended June 30, 2022, Incentive Fees were ($2.4) million and $6.9 million, respectively, of which $6.7 million and $14.6 million, respectively, were realized and payable to the Adviser. For the three and six months ended June 30, 2023, $0.7 million and $2.5 million, respectively of Incentive Fees was accrued related to the reversal of Capital Gains Fees. For the three and six months ended June 30, 2022, ($9.1) million and ($7.7) million, respectively of Incentive Fees was accrued related to the reversal of Capital Gains Fees. As of June 30, 2023, the Capital Gains Fees accrued are not contractually payable to the Adviser.

Any waived Incentive Fees are not subject to recoupment by the Adviser.

Since the Company’s IPO, with the exception of its waiver of Management Fees and certain Incentive Fees attributable to the Company’s ownership of certain investments and the Leverage Waiver, the Adviser has not waived its right to receive any Management Fees or Incentive Fees payable pursuant to the Investment Advisory Agreement.

In November 2022, the Board renewed the Investment Advisory Agreement. Unless earlier terminated as described below, the Investment Advisory Agreement will remain in effect until November 2023, and may be extended subject to required approvals. The Investment Advisory Agreement will automatically terminate in the event of an assignment and may be terminated by either party without penalty on 60 days’ written notice to the other party.

From time to time, the Adviser may pay amounts owed by the Company to third-party providers of goods or services, including the Board, and the Company will subsequently reimburse the Adviser for such amounts paid on its behalf. Amounts payable to the Adviser are settled in the normal course of business without formal payment terms.

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Investments at Fair Value

6 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Investments at Fair Value

4. Investments at Fair Value

Under the 1940 Act, the Company is required to separately identify non-controlled investments where it owns 5% or more of a portfolio company’s outstanding voting securities as investments in “affiliated” companies. In addition, under the 1940 Act, the Company is required to separately identify investments where it owns more than 25% of a portfolio company’s outstanding voting securities and/or had the power to exercise control over the management or policies of such portfolio company as investments in “controlled” companies. Detailed information with respect to the Company’s non-controlled, non-affiliated; non-controlled, affiliated; and controlled, affiliated investments is contained in the accompanying consolidated financial statements, including the consolidated schedules of investments. The information in the tables below is presented on an aggregate portfolio basis, without regard to whether they are non-controlled, non-affiliated; non-controlled, affiliated; or controlled, affiliated investments.

Investments at fair value consisted of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,783,455	$	2,800,152	$	16,697
Second-lien debt investments		47,831		39,708		(8,123	)
Mezzanine debt investments		37,472		40,237		2,765
Equity and other investments		141,646		154,707		13,061
Structured credit investments		54,955		54,183		(772	)
Total Investments	$	3,065,359	$	3,088,987	$	23,628

	December 31, 2022
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,529,317	$	2,517,894	$	(11,423	)
Second-lien debt investments		42,743		40,762		(1,981	)
Mezzanine debt investments		7,497		10,158		2,661
Equity and other investments		142,103		167,685		25,582
Structured credit investments		53,066		51,426		(1,640	)
Total Investments	$	2,774,726	$	2,787,925	$	13,199

(1)The amortized cost represents the original cost adjusted for the amortization of discounts or premiums, as applicable, on debt investments using the effective interest method.

The industry composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
Automotive		2.3	%		1.2	%
Business Services		15.6	%		14.4	%
Chemicals		0.7	%		0.7	%
Communications		3.1	%		2.7	%
Education		5.2	%		5.8	%
Financial Services		9.7	%		12.8	%
Healthcare		9.7	%		9.9	%
Hotel, Gaming and Leisure		4.1	%		4.5	%
Human Resource Support Services		11.8	%		11.9	%
Insurance		0.1	%		—
Internet Services		15.7	%		13.9	%
Manufacturing		1.2	%		1.3	%
Marketing Services		0.3	%		0.4	%
Office Products		0.6	%		0.7	%
Oil, Gas and Consumable Fuels		4.8	%		3.9	%
Other		3.0	%		3.3	%
Retail and Consumer Products		11.0	%		11.4	%
Transportation		1.1	%		1.2	%
Total		100.0	%		100.0	%

The geographic composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
United States
Midwest		10.1	%		11.6	%
Northeast		25.4	%		25.4	%
South		22.4	%		24.3	%
West		33.7	%		30.7	%
Australia		2.0	%		2.2	%
Canada		4.8	%		4.3	%
Finland (1)		0.0	%		—
Germany		0.1	%		0.1	%
Luxembourg		0.1	%		0.1	%
Netherlands		0.1	%		—
Norway		0.7	%		0.7	%
United Kingdom		0.6	%		0.6	%
Total		100.0	%		100.0	%

(1)Value sums to less than 0.1%.

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Derivatives

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivatives

5. Derivatives

Interest Rate Swaps

The Company enters into interest rate swap transactions from time to time to hedge fixed rate debt obligations and certain fixed rate debt investments. The Company’s interest rate swaps are all with one counterparty and are centrally cleared through a registered commodities exchange. Refer to the consolidated schedule of investments for additional disclosure regarding these interest rate swaps.

The following tables present the amounts paid and received on the Company’s interest rate swap transactions, excluding upfront fees, for the three and six months ended June 30, 2023 and 2022:

				For the Three Months Ended June 30, 2023								For the Six Months Ended June 30, 2023
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap (1)	1/22/2023	$	—	$	—		$	—	$	—		$	(663	)	$	431		(232	)
Interest rate swap	11/1/2024		300,000		(5,601	)		2,906		(2,695	)		(10,833	)		5,813		(5,020	)
Interest rate swap	11/1/2024		50,000		(960	)		484		(476	)		(1,848	)		969		(879	)
Interest rate swap	11/1/2024		2,500		(24	)		47		23			(48	)		90		42
Interest rate swap	8/1/2026		300,000		(5,341	)		1,854		(3,487	)		(10,262	)		3,708		(6,554	)
Total		$	652,500	$	(11,926	)	$	5,291	$	(6,635	)	$	(23,654	)	$	11,011	$	(12,643	)

(1)As of June 30, 2023, these interest rate swaps had either matured or been terminated due to repayment of the underlying investment or security.

				For the Three Months Ended June 30, 2022								For the Six Months Ended June 30, 2022
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap	8/1/2022	$	115,000	$	(986	)	$	1,294	$	308		$	(1,731	)	$	2,587	$	856
Interest rate swap	8/1/2022		50,000		(329	)		563		234			(556	)		1,125		569
Interest rate swap	8/1/2022		7,500		(50	)		84		34			(84	)		169		85
Interest rate swap	8/1/2022		27,531		(306	)		214		(92	)		(613	)		373		(240	)
Interest rate swap	8/1/2022		2,160		(24	)		17		(7	)		(48	)		29		(19	)
Interest rate swap	8/1/2022		42,819		(481	)		339		(142	)		(963	)		588		(375	)
Interest rate swap	1/22/2023		150,000		(1,141	)		1,687		546			(1,971	)		3,375		1,404
Interest rate swap	11/1/2024		300,000		(2,521	)		2,906		385			(4,334	)		5,813		1,479
Interest rate swap	11/1/2024		50,000		(447	)		484		37			(767	)		969		202
Interest rate swap	11/1/2024		2,500		(25	)		21		(4	)		(48	)		36		(12	)
Interest rate swap	8/1/2026		300,000		(2,253	)		1,917		(336	)		(3,779	)		3,708		(71	)
Total		$	1,047,510	$	(8,563	)	$	9,526	$	963		$	(14,894	)	$	18,772	$	3,878

For the three and six months ended June 30, 2023, the Company recognized $0.1 million in net unrealized losses and $0.2 million in net unrealized gains, respectively, on interest rate swaps not designated as hedging instruments in the Consolidated Statements of Operations related to the swap transactions. For the three and six months ended June 30, 2023, the Company recognized $4.8 million in net unrealized losses and $2.4 million in net unrealized gains, respectively, on interest rate swaps designated as hedging instruments in the Consolidated Statements of Operations. For the three and six months ended June 30, 2023, this amount is offset by a decrease of $1.3 million and an increase of $1.8 million, respectively, for a change in the carrying value of the 2024 Notes and a decrease of $3.5 million and a decrease of $0.6 million, respectively, for a change in carrying value of the 2026 Notes.

For the three and six months ended June 30, 2022, the Company recognized $1.7 million and $4.6 million, respectively, in net change in unrealized losses, on interest rate swaps not designated as hedging instruments in the Consolidated Statement of Operations related to the swap transactions. For the three and six months ended June 30, 2022, the Company recognized $8.1 million and $35.3 million in net change in unrealized losses, respectively, on interest rate swaps designated as hedging instruments as a component of interest expense in the Consolidated Statement of Operations. For the three and six months ended June 30, 2022, this amount is offset by a decrease of $3.7 million and $16.9 million, respectively, for a change in the carrying value of the 2024 Notes and a decrease of $4.4 million and $18.4 million, respectively, for a change in carrying value of the 2026 Notes.

As of June 30, 2023, the swap transactions had a fair value of $(52.7) million which is netted against cash collateral on the Company’s consolidated balance sheet. As of December 31, 2022, the swap transactions had a fair value of $(55.3) million which is netted against cash collateral on the Company’s consolidated balance sheet.

The Company is required under the terms of its derivatives agreements to pledge assets as collateral to secure its obligations underlying the derivatives. The amount of collateral required varies over time based on the mark-to-market value, notional amount and remaining term of the derivatives, and may exceed the amount owed by the Company on a mark-to-market basis. Any failure by the Company to fulfill any collateral requirement (e.g., a so-called “margin call”) may result in a default. In the event of a default by a counterparty, the Company would be an unsecured creditor to the extent of any such overcollateralization.

As of June 30, 2023, $15.1 million of cash was pledged as collateral under the Company’s derivative agreements and is included in restricted cash as a component of cash and cash equivalents on the Company’s consolidated balance sheet. As of December 31, 2022, $15.4 million of cash was pledged as collateral under the Company’s derivative agreements and is included in restricted cash as a component of cash and cash equivalents on the Company’s consolidated balance sheet.

The Company may enter into other derivative instruments and incur other exposures with the same or other counterparties in the future.

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Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

6. Fair Value of Financial Instruments

Investments

The following tables present fair value measurements of investments as of June 30, 2023 and December 31, 2022:

	Fair Value Hierarchy at June 30, 2023
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	22,762		$	2,777,390	$	2,800,152
Second-lien debt investments		—		—			39,708		39,708
Mezzanine debt investments		—		—			40,237		40,237
Equity and other investments		8,053		10,468			136,186		154,707
Structured credit investments		—		54,183			—		54,183
Total investments at fair value	$	8,053	$	87,413		$	2,993,521	$	3,088,987
Interest rate swaps		—		(52,649	)		—		(52,649	)
Total	$	8,053	$	34,764		$	2,993,521	$	3,036,338

	Fair Value Hierarchy at December 31, 2022
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	21,935		$	2,495,959	$	2,517,894
Second-lien debt investments		—		—			40,762		40,762
Mezzanine debt investments		—		—			10,158		10,158
Equity and other investments		7,498		13,128			147,059		167,685
Structured credit investments		—		51,426			—		51,426
Total investments at fair value	$	7,498	$	86,489		$	2,693,938	$	2,787,925
Interest rate swaps		—		(55,314	)		—		(55,314	)
Total	$	7,498	$	31,175		$	2,693,938	$	2,732,611

Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur.

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2023:

	As of and for the Three Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,628,849		$	44,805		$	11,093		$	136,769		$	2,821,516
Purchases or originations		249,417			—			29,111			693			279,221
Repayments / redemptions		(119,056	)		—			—			—			(119,056	)
Sales Proceeds		—			—			—			(554	)		(554	)
Paid-in-kind interest		3,081			194			60			—			3,335
Net change in unrealized gains (losses)		11,366			(5,315	)		(53	)		(1,827	)		4,171
Net realized gains (losses)		(25	)		—			—			374			349
Net amortization of discount on securities		3,758			24			26			—			3,808
Transfers into (out of) Level 3		—			—			—			731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237		$	136,186		$	2,993,521

	As of and for the Six Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments		Equity and other investments			Total
Balance, beginning of period	$	2,495,959		$	40,762		$	10,158	$	147,059		$	2,693,938
Purchases or originations		417,459			4,850			29,806		2,060			454,175
Repayments / redemptions		—			—			—		(5,809	)		(5,809	)
Sales Proceeds		(176,394	)		—			—		—			(176,394	)
Paid-in-kind interest		6,297			194			143		—			6,634
Net change in unrealized gains (losses)		27,147			(6,142	)		103		(12,928	)		8,180
Net realized gains (losses)		(25	)		—			—		5,073			5,048
Net amortization of discount on securities		6,947			44			27		—			7,018
Transfers into (out of) Level 3		—			—			—		731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237	$	136,186		$	2,993,521

Copper Bidco, LLC was transferred into Level 3 from Level 2 for fair value measurement purposes during the three months ended June 30, 2023, as a result of changes in observability of inputs into the security valuation for this portfolio company.

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2022:

	As of and for the Three Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,239,027		$	42,511		$	14,139		$	123,019		$	2,418,696
Purchases or originations		298,675			54			—			28,501			327,230
Repayments / redemptions		(215,774	)		(10	)		—			—			(215,784	)
Sales Proceeds		—			—			—			(758	)		(758	)
Paid-in-kind interest		3,605			—			61			—			3,666
Net change in unrealized gains (losses)		(35,068	)		(1,048	)		(3,804	)		(13,536	)		(53,456	)
Net realized gains (losses)		2			—			—			355			357
Net amortization of discount on securities		4,590			16			1			—			4,607
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

	As of and for the Six Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,298,856		$	—		$	18,549		$	117,233		$	2,434,638
Purchases or originations		378,622			54			—			32,776			411,452
Repayments / redemptions		(361,869	)		(10	)		—			—			(361,879	)
Sale Proceeds		—			—			—			(18,315	)		(18,315	)
Paid-in-kind interest		6,637			—			125			—			6,762
Net change in unrealized gains (losses)		(36,614	)		(1,285	)		(6,145	)		(10,269	)		(54,313	)
Net realized gains		113			—			—			14,022			14,135
Net amortization of discount on securities		9,312			35			2			—			9,349
Transfers within Level 3		—			—			(2,134	)		2,134			—
Transfers into (out of) Level 3		—			42,729			—			—			42,729
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

Astra Acquisition Corp. was transferred into Level 3 from Level 2 for fair value measurement purposes during the six months ended June 30, 2022, as a result of changes in the observability of inputs into the security valuation for this portfolio company.

The following table presents information with respect to the net change in unrealized gains or losses on investments for which Level 3 inputs were used in determining fair value that are still held by the Company at June 30, 2023 and 2022:

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Three Months Ended			for the Three Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	11,843		$	(32,820	)
Second-lien debt investments		(5,315	)		(1,049	)
Mezzanine debt investments		(53	)		(3,804	)
Equity and other investments		(1,869	)		(13,134	)
Total	$	4,606		$	(50,807	)

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Six Months Ended			for the Six Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	29,123		$	(30,834	)
Second-lien debt investments		(6,142	)		(1,285	)
Mezzanine debt investments		103			(6,145	)
Equity and other investments		(8,430	)		4,344
Total	$	14,654		$	(33,920	)

The following tables present the fair value of Level 3 Investments at fair value and the significant unobservable inputs used in the valuations as of June 30, 2023 and December 31, 2022. The tables are not intended to be all-inclusive, but instead capture the significant unobservable inputs relevant to the Company’s determination of fair values.

	June 30, 2023
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,777,390	Income approach (1)	Discount rate	9.7% — 20.4% (14.8%)	Decrease
Second-lien debt investments		39,708	Income approach (2)	Discount rate	15.5% — 15.5% (15.5%)	Decrease
Mezzanine debt investments		40,237	Income approach	Discount rate	14.3% — 22.5% (15.5%)	Decrease
Equity and other investments		136,186	Market Multiple (3)	Comparable multiple	2.0x — 25.0x (7.1x)	Increase
Total	$	2,993,521

(1)Includes $77.7 million of debt investments which were valued using an asset valuation waterfall.

(2)Includes $34.6 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $19.7 million of equity investments which were valued using an asset valuation waterfall, $2.0 million of equity investments using a Black-Scholes model, and $13.9 million using discounted cash flow analysis.

	December 31, 2022
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,495,959	Income approach (1)	Discount rate	9.3% — 18.5% (15.1%)	Decrease
Second-lien debt investments		40,762	Income approach	Discount rate	19.6% — 19.6% (19.6%)	Decrease
Mezzanine debt investments		10,158	Income approach (2)	Discount rate	14.5% — 18.0% (16.0%)	Decrease
Equity and other investments		147,059	Market Multiple (3)	Comparable multiple	2.0x — 26.6x (7.9x)	Increase
Total	$	2,693,938

(1)Includes $21.0 million of first-lien debt investments which were valued using an asset valuation waterfall.

(2)Includes $0.1 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $38.4 million of equity investments which were valued using an asset valuation waterfall, $7.5 million of equity investments using a Black-Scholes model, and $13.1 million using a discounted cash flow analysis.

The Company typically determines the fair value of its performing Level 3 debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to the total enterprise value of the company, and the rights and remedies of our investment within each portfolio company’s capital structure.

Significant unobservable quantitative inputs typically considered in the fair value measurement of the Company’s Level 3 debt investments primarily include current market yields, including relevant market indices, but may also include quotes from brokers, dealers, and pricing services as indicated by comparable investments. If debt investments are credit impaired, an enterprise value analysis may be used to value such debt investments; however, in addition to the methods outlined above, other methods such as a liquidation or wind-down analysis may be utilized to estimate enterprise value. For the Company’s Level 3 equity investments, multiples of similar companies’ revenues, earnings before income taxes, depreciation and amortization (“EBITDA”) or some combination thereof and comparable market transactions are typically used.

Financial Instruments Not Carried at Fair Value

Debt

The fair value of the Company’s Revolving Credit Facility, which is categorized as Level 3 within the fair value hierarchy, as of June 30, 2023 and December 31, 2022, approximates its carrying value as the outstanding balance is callable at carrying value.

The following table presents the fair value of the Company’s 2023 Notes, 2024 Notes and 2026 Notes, as of June 30, 2023 and December 31, 2022.

	June 30, 2023				December 31, 2022
	Outstanding Principal		Fair Value (1)		Outstanding Principal		Fair Value (1)
2023 Notes	$	—	$	—	$	150,000	$	149,640
2024 Notes		347,500		335,251		347,500		332,853
2026 Notes		300,000		262,530		300,000		261,750
Total	$	647,500	$	597,781	$	797,500	$	744,243

(1)The fair value is based on broker quotes received by the Company and is categorized as Level 2 within the fair value hierarchy.

Other Financial Assets and Liabilities

The carrying amounts of the Company’s assets and liabilities, other than investments at fair value and the 2023 Notes, 2024 Notes and 2026 Notes, approximate fair value due to their short maturities or their close proximity of the originations to the measurement date. Under the fair value hierarchy, cash and cash equivalents are classified as Level 1 while the Company’s other assets and liabilities, other than investments at fair value and Revolving Credit Facility, are classified as Level 2.

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Debt

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Debt

7. Debt

Revolving Credit Facility

On August 23, 2012, the Company entered into a senior secured revolving credit agreement with Truist Bank (as a successor by merger to SunTrust Bank), as administrative agent, and J.P. Morgan Chase Bank, N.A., as syndication agent, and certain other lenders (as amended and restated, the “Revolving Credit Facility”).

As of March 31, 2023, aggregate commitments under the facility were $1.585 billion. Pursuant to an amendment to the Revolving Credit Facility dated as of June 12, 2023 (the “Fourteenth Amendment”), the aggregate commitments under the facility were increased to $1.710 billion. The facility includes an uncommitted accordion feature that allows the Company, under certain circumstances, to increase the size of the facility to up to $2.0 billion.

Pursuant to the Fourteenth Amendment, with respect to $1.465 billion in commitments, the revolving period, during which period the Company, subject to certain conditions, may make borrowings under the facility, was extended to June 11, 2027 and the stated maturity date was extended to June 12, 2028. For the remaining $245.0 million of commitments, (A) with respect to $25.0 million of commitments, the revolving period ends January 31, 2024 and the stated maturity is January 31, 2025, (B) with respect to $50.0 million of commitments, the revolving period ends on February 4, 2025 and the stated maturity is February 4, 2026 and (C) with respect to $170.0 million of commitments, the revolving period ends April 24, 2026 and the stated maturity is April 23, 2027.

The Company may borrow amounts in U.S. dollars or certain other permitted currencies. As of June 30, 2023, the Company had outstanding debt denominated in Australian dollars (AUD) of 67.5 million, British pounds (GBP) of 14.0 million, Canadian dollars (CAD) of 101.7 million, and Euro (EUR) of 28.0 million on its Revolving Credit Facility, included in the Outstanding Principal amount in the table above.

The Revolving Credit Facility also provides for the issuance of letters of credit up to an aggregate amount of $75 million. As of June 30, 2023 and December 31, 2022 the Company had $0.2 million and less than $0.1 million, respectively, of letters of credit issued through the Revolving Credit Facility. The amount available for borrowing under the Revolving Credit Facility is reduced by any letters of credit issued through the Revolving Credit Facility.

Amounts drawn under the Revolving Credit Facility, including amounts drawn in respect of letters of credit, bear interest at either the applicable reference rate plus an applicable credit spread adjustment, plus a margin of either 1.75% or 1.875%, or the base rate plus a margin of either 0.75% or 0.875%, in each case, based on the total amount of the borrowing base relative to the sum of the total commitments (or, if greater, the total exposure) under the Revolving Credit Facility plus certain other designated secured debt. The Company may elect either the applicable reference rate or base rate at the time of drawdown, and loans may be converted from one rate to another at any time, subject to certain conditions. The Company also pays a fee of 0.375% on undrawn amounts and, in respect of each undrawn letter of credit, a fee and interest rate equal to the then applicable margin while the letter of credit is outstanding.

The Revolving Credit Facility is guaranteed by Sixth Street SL SPV, LLC, TC Lending, LLC and Sixth Street SL Holding, LLC. The Revolving Credit Facility is secured by a perfected first-priority security interest in substantially all the portfolio investments held by the Company and each guarantor. Proceeds from borrowings may be used for general corporate purposes, including the funding of portfolio investments.

The Revolving Credit Facility includes customary events of default, as well as customary covenants, including restrictions on certain distributions and financial covenants. In accordance with the terms of the Thirteenth Amendment, the financial covenants require:

•an asset coverage ratio of no less than 1.5 to 1 on the last day of any fiscal quarter;

•stockholders’ equity of at least $500 million plus 25% of the net proceeds of the sale of equity interests after January 31, 2020; and

•a minimum asset coverage ratio of no less than 2 to 1 with respect to (i) the consolidated assets of the Company and the subsidiary guarantors (including certain limitations on the contribution of equity in financing subsidiaries) to (ii) the secured debt of the Company and its subsidiary guarantors plus unsecured senior securities of the Company and its subsidiary guarantors that mature within 90 days of the date of determination (the “Obligor Asset Coverage Ratio”).

The Revolving Credit Facility also contains certain additional concentration limits in connection with the calculation of the borrowing base, based on the Obligor Asset Coverage Ratio.

As of June 30, 2023 and December 31, 2022, the Company was in compliance with the terms of the Revolving Credit Facility.

2022 Convertible Notes

In February 2017, the Company issued in a private offering $115.0 million aggregate principal amount convertible notes due August 2022 (the “2022 Convertible Notes”). The 2022 Convertible Notes were issued in a private placement only to qualified institutional buyers pursuant to Rule 144A under the Securities Act. The 2022 Convertible Notes were unsecured, and bore interest at a rate of 4.50% per year, payable semiannually. In June 2018, the Company issued an additional $57.5 million aggregate principal amount of 2022 Convertible Notes. The additional 2022 Convertible Notes were issued with identical terms, and were fungible with and were part of a single series with the previously outstanding $115.0 million aggregate principal amount of the Company’s 2022 Convertible Notes issued in February 2017. In connection with the offering of 2022 Convertible Notes in February 2017 and the reopening in June 2018, the Company entered into interest rate swaps to align the interest rates of its liabilities with its investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swaps matched the amount of principal outstanding, and matured on August 1, 2022, matching the maturity date of the 2022 Convertible Notes.

On August 1, 2022, the 2022 Convertible Notes matured in accordance with the governing indenture. Holders of $79.2 million aggregate principal amount of notes provided valid notice of conversion and were subject to the combination settlement method previously elected by the Company, with a specified cash amount (as defined in the indenture governing the 2022 Convertible Notes) of $20.00 per $1,000 principal amount of the 2022 Convertible Notes and any additional amounts in stock based on the applicable conversion rate as described in the indenture. In accordance with the settlement method, the Company issued a total of 4,360,125

shares of common stock, or $77.6 million at the adjusted conversion price per share of $17.92. The remaining balance of the notes that were not converted into newly issued shares of common stock were settled with existing cash resources, including through utilization of the Company’s Revolving Credit Facility. The interest rate swaps associated with the principal amount of the notes outstanding were terminated on the date of maturity of the 2022 Convertible Notes.

2023 Notes

In January 2018, the Company issued $150.0 million aggregate principal amount of unsecured notes that matured on January 22, 2023 (the “2023 Notes”). The principal amount of the 2023 Notes was payable at maturity. The 2023 Notes bore interest at a rate of 4.50% per year, payable semi-annually commencing on July 22, 2018, and were redeemable in whole or in part at the Company’s option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2023 Notes, net of underwriting discounts and offering costs, were $146.9 million. The Company used the net proceeds of the 2023 Notes to repay outstanding indebtedness under the Revolving Credit Facility. The 2023 Notes matured on January 22, 2023 and were fully repaid in cash. The swap transaction associated with the issuance of the 2023 Notes also matured on January 22, 2023.

2024 Notes

In November 2019, the Company issued $300.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024 (the “2024 Notes”). The principal amount of the 2024 Notes is payable at maturity. The 2024 Notes bear interest at a rate of 3.875% per year, payable semi-annually commencing on May 1, 2020, and may be redeemed in whole or in part at our option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2024 Notes, net of underwriting discounts, offering costs and original issue discount were $292.9 million. The Company used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

On February 5, 2020, the Company issued an additional $50.0 million aggregate principal amount of unsecured notes that mature on November 1, 2024. The additional 2024 Notes are a further issuance of, fungible with, rank equally in right of payment with and have the same terms (other than the issue date and the public offering price) as the initial issuance of 2024 Notes. Total proceeds from the issuance of the additional 2024 Notes, net of underwriting discounts, offering costs and original issue premium were $50.1 million. The Company used the net proceeds of the 2024 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the 2024 Notes offering and the reopening of the 2024 Notes, the Company entered into interest rate swaps to align the interest rates of its liabilities with the Company’s investment portfolio, which consists of predominately floating rate loans. The notional amount of the two interest rates swaps is $300.0 million and $50.0 million, respectively, each of which matures on November 1, 2024, matching the maturity date of the 2024 Notes. As a result of the swaps, the Company’s effective interest rate on the 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). The interest expense related to the 2024 Notes is offset by proceeds received from the interest rate swaps designated as a hedge. The swap adjusted interest expense is included as a component of interest expense on the Company’s Consolidated Statements of Operations. As of June 30, 2023, and December 31, 2022, the effective hedge interest rate swaps had a fair value of $(17.6) million and $(19.4) million, respectively, which is offset within interest expense by an equal, but opposite, fair value change for the hedged risk on the 2024 Notes.

During the year ended December 31, 2020, the Company repurchased on the open market and extinguished $2.5 million in aggregate principal amount of the 2024 Notes for $2.4 million. In connection with the repurchase of the 2024 Notes, the Company entered into a floating-to-fixed interest rate swap with a notional amount equal to the amount of 2024 Notes repurchased, which had the effect of reducing the notional exposure of the fixed-to-floating interest rate swaps, which were entered into in connection with the issuance of the 2024 Notes, to match the remaining principal amount of the 2024 Notes outstanding. As a result of the swap, the Company’s effective interest rate on the outstanding 2024 Notes is three-month LIBOR plus 2.28% (on a weighted average basis). Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, the Company's effective interest rate will be three-month SOFR plus 2.54% (on a weighted average basis).

2026 Notes

On February 3, 2021, the Company issued $300.0 million aggregate principal amount of unsecured notes that mature on August 1, 2026 (the “2026 Notes”). The principal amount of the 2026 Notes is payable at maturity. The 2026 Notes bear interest at a rate of 2.50% per year, payable semi-annually commencing on August 1, 2021, and may be redeemed in whole or in part at the Company’s option at any time at par plus a “make whole” premium. Total proceeds from the issuance of the 2026 Notes, net of underwriting discounts, offering costs and original issue discount, were $293.7 million. The Company used the net proceeds of the 2026 Notes to repay outstanding indebtedness under the Revolving Credit Facility.

In connection with the issuance of the 2026 Notes, the Company entered into an interest rate swap to align the interest rates of its liabilities with the Company’s investment portfolio, which consists of predominately floating rate loans. The notional amount of the interest rate swap is $300.0 million, which matures on August 1, 2026, matching the maturity date of the 2026 Notes. As a result of the swap, the Company’s effective interest rate on the 2026 Notes is three-month LIBOR plus 1.91%. The interest expense related to the 2026 Notes is offset by proceeds received from the interest rate swaps designated as a hedge. The swap adjusted interest expense is included as a component of interest expense on the Company’s Consolidated Statements of Operations. As of June 30, 2023 and December 31, 2022 the effective hedge interest rate swaps had a fair value of $(35.1) million and $(35.7) million, respectively, which is offset within interest expense by an equal, but opposite, fair value change for the hedged risk on the 2026 Notes. Due to the Index Cessation Event, each Legacy LIBOR Instrument referenced herein will transition to 3-month SOFR plus the relevant tenor spread adjustment effective September 25, 2023. As a result of the transition, the Company's effective interest rate will be three-month SOFR plus 2.17%.

For the three and six months ended June 30, 2023 and 2022, the components of interest expense related to the 2023 Notes, 2024 Notes and 2026 Notes were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest expense	$	5,241	$	6,929	$	10,877	$	13,858
Accretion of original issue discount		195		191		387		378
Amortization of deferred financing costs		440		600		913		1,194
Total Interest Expense	$	5,876	$	7,720	$	12,177	$	15,430

Total interest expense in the table above does not include the effect of the interest rate swaps related to the 2023 Notes, 2024 Notes and 2026 Notes. During the three and six months ended June 30, 2023, the Company received $5.3 million and $11.0 million, respectively, and paid $11.9 million and $23.7 million, respectively, related to the settlements of its interest rate swaps, excluding upfront fees, related to the 2023, 2024 and 2026 Notes. During the three and six months ended June 30, 2022, the Company received $7.0 million and $13.9 million, respectively, and paid $6.4 million and $10.9 million, respectively, related to the settlements of its interest rate swaps, excluding upfront fees, related to the 2023, 2024 and 2026 Notes. These net amounts are reflected in interest expense in the Company’s Consolidated Statements of Operations. See Note 5 for further information about the Company’s interest rate swaps.

As June 30, 2023 and December 31, 2022, the components of the carrying value of the 2023 Notes, 2024 Notes and 2026 Notes and the stated interest rate were as follows:

	June 30, 2023						December 31, 2022
	2024 Notes			2026 Notes			2023 Notes			2024 Notes			2026 Notes
Principal amount of debt	$	347,500		$	300,000		$	150,000		$	347,500		$	300,000
Original issue discount, net of accretion		(531	)		(1,272	)		(1	)		(721	)		(1,468	)
Deferred financing costs		(1,363	)		(2,310	)		(39	)		(1,869	)		(2,679	)
Fair value of an effective hedge		(17,599	)		(35,050	)	—				(19,418	)		(35,665	)
Carrying value of debt	$	328,007		$	261,368		$	149,960		$	325,492		$	260,188
Stated interest rate		3.875	%		2.50	%		4.50	%		3.875	%		2.50	%

The stated interest rate in the table above does not include the effect of the interest rate swaps. As of June 30, 2023, the Company’s swap-adjusted interest rate on the 2024 Notes and 2026 Notes was three month LIBOR plus 2.28% (on a weighted average basis), and 1.91%, respectively. On September 25, 2023, the Company’s swap-adjusted interest rate on the 2024 Notes and 2026 Notes will transition to three-month SOFR plus 2.54% (on a weighted average basis), and three-month SOFR plus 2.17%, respectively. As of December 31, 2022, the Company's swap-adjusted interest rate on the 2023 Notes, 2024 Notes and 2026 Notes was three month LIBOR plus 1.99%, 2.28% (on a weighted average basis), and 1.91%, respectively.

As of June 30, 2023, the Company was in compliance with the terms of the indentures governing the 2024 Notes and 2026 Notes. As of December 31, 2022, the Company was in compliance with the terms of the indentures governing the 2023 Notes, 2024 Notes and 2026 Notes.

In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150% after such borrowing. As of June 30, 2023 and December 31, 2022, the Company’s asset coverage was 186.1% and 188.6%, respectively.

Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,710,000	$	1,050,784	$	659,216	$	1,033,926
2024 Notes		347,500		347,500		—		328,007
2026 Notes		300,000		300,000		—		261,368
Total Debt	$	2,357,500	$	1,698,284	$	659,216	$	1,623,301

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

	December 31, 2022
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,585,000	$	719,328	$	865,672	$	706,156
2023 Notes		150,000		150,000		—		149,960
2024 Notes		347,500		347,500		—		325,492
2026 Notes		300,000		300,000		—		260,188
Total Debt	$	2,382,500	$	1,516,828	$	865,672	$	1,441,796

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

For the three and six months ended June 30, 2023 and 2022, the components of interest expense were as follows:

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Interest expense	$	23,915		$	10,045		$	44,320		$	19,807
Commitment fees		612			1,251			1,266			2,376
Amortization of deferred financing costs		1,085			1,439			2,312			2,882
Accretion of original issue discount		195			191			387			378
Swap settlement		6,635			(963	)		12,643			(3,878	)
Total Interest Expense	$	32,442		$	11,963		$	60,928		$	21,565
Average debt outstanding (in millions)	$	1,713.0		$	1,156.5		$	1,642.0		$	1,183.6
Weighted average interest rate		7.1	%		3.1	%		6.9	%		2.7	%

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Commitments and Contingencies

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

8. Commitments and Contingencies

Portfolio Company Commitments

From time to time, the Company may enter into commitments to fund investments; such commitments are incorporated into the Company’s assessment of its liquidity position. The Company’s senior secured revolving loan commitments are generally available on a borrower’s demand and may remain outstanding until the maturity date of the applicable loan. The Company’s senior secured delayed draw term loan commitments are generally available on a borrower’s demand and, once drawn, generally have the same

remaining term as the associated loan agreement. Undrawn senior secured delayed draw term loan commitments generally have a shorter availability period than the term of the associated loan agreement.

As of June 30, 2023 and December 31, 2022, the Company had the following commitments to fund investments in current portfolio companies:

	June 30, 2023		December 31, 2022
Alaska Bidco Oy - Delayed Draw & Revolver	$	298	$	—
Alpha Midco, Inc. - Delayed Draw		690		910
American Achievement, Corp. - Revolver		2,403		2,403
Arrow Buyer, Inc. - Delayed Draw		7,645	—
ASG II, LLC - Delayed Draw		5,189		6,952
Avalara, Inc. - Revolver		3,864		3,864
Axonify, Inc. - Delayed Draw		4,106		6,113
Banyan Software Holdings, LLC - Delayed Draw		20,000	—
Bayshore Intermediate #2, L.P. - Revolver		1,930		1,618
BCTO Ace Purchaser, Inc. - Delayed Draw		3,608		6,556
Bear OpCo, LLC - Delayed Draw		1,901		2,606
BlueSnap, Inc. - Delayed Draw & Revolver		2,500		2,500
BTRS Holdings, Inc. - Delayed Draw & Revolver		6,032		8,638
Carlstar Group, LLC - Revolver		8,500		8,500
Cordance Operations, LLC - Delayed Draw & Revolver		5,783		12,093
Coupa Holdings, LLC - Delayed Draw & Revolver		6,809	—
CrunchTime Information Systems, Inc. - Delayed Draw		154		7,101
Disco Parent, Inc. - Revolver		455	—
Dye & Durham Corp. - Delayed Draw & Revolver		2,566		6,280
EDB Parent, LLC - Delayed Draw		14,766		18,037
Edge Bidco B.V. - Delayed Draw & Revolver		1,352	—
Elysian Finco Ltd. - Delayed Draw & Revolver		5,818		6,792
Employment Hero Holdings Pty Ltd. - Delayed Draw & Revolver		8,653		8,816
EMS Linq, Inc. - Revolver		3,514		8,784
Erling Lux Bidco SARL - Delayed Draw & Revolver		5,743		5,618
ExtraHop Networks, Inc. - Delayed Draw		13,837		17,050
ForeScout Technologies, Inc. - Delayed Draw & Revolver		3,425		3,425
G Treasury SS, LLC - Delayed Draw	—			3,400
Galileo Parent, Inc. - Revolver		5,625	—
Hirevue, Inc. - Revolver		6,887	—
Hornetsecurity Holding GmbH - Delayed Draw & Revolver		2,087		2,041
Ibis Intermediate Co. - Delayed Draw		6,338		6,338
IRGSE Holding Corp. - Revolver		1,868		253
Kyriba Corp. - Delayed Draw & Revolver		45		45
Laramie Energy, LLC - Delayed Draw		7,683	—
LeanTaaS Holdings, Inc. - Delayed Draw		41,076		47,218
Lithium Technologies, LLC - Revolver		990		1,979
Lucidworks, Inc. - Delayed Draw		833		833
Murchison Oil and Gas, LLC - Delayed Draw		3,257		9,772
Netwrix Corp. - Delayed Draw & Revolver		12,690		13,881
Neuintel, LLC - Delayed Draw	—			4,200
OutSystems Luxco SARL - Delayed Draw		2,185		2,137
PageUp People, Ltd. - Delayed Draw & Revolver	—			5,764
Passport Labs, Inc. - Delayed Draw & Revolver		2,778		2,778
Ping Identity Holding Corp. - Revolver		2,273		2,273
PrimePay Intermediate, LLC - Delayed Draw	—			2,474
PrimeRevenue, Inc. - Delayed Draw & Revolver		6,250		6,250
Project44, Inc. - Delayed Draw		19,861		19,861
ReliaQuest Holdings, LLC - Delayed Draw		13,971		22,752
Tango Management Consulting, LLC - Delayed Draw & Revolver		16,804		26,576
TRP Assets, LLC - Delayed Draw & Membership Interest		4,264		7,806
WideOrbit, Inc. - Revolver	—			4,756
Total Portfolio Company Commitments (1)(2)	$	299,306	$	338,043

(1)Represents the full amount of the Company’s commitments to fund investments on such date. Commitments may be subject to limitations on borrowings set forth in the agreements between the Company and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

(2)The Company’s estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.

Other Commitments and Contingencies

As of June 30, 2023 and December 31, 2022, the Company did not have any unfunded commitments to fund investments to new borrowers that were not current portfolio companies as of such date.

From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2023 and December 31, 2022, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure.

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Net Assets

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Net Assets

9. Net Assets

On February 23, 2021, the Company issued a total of 4,000,000 shares of common stock at $21.30 per share. Net of underwriting fees and offering costs, the Company received total cash proceeds of $84.9 million. Subsequent to the offering the Company issued an additional 49,689 shares on March 24, 2021 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, total cash proceeds of $1.0 million.

During the three months ended December 31, 2021, the Company issued a total of 2,324,820 shares of common stock as settlement for the conversion of $42.8 million principal amount of the 2022 Convertible Notes.

On August 1, 2022, the Company issued a total of 4,360,125 shares of common stock, or $77.6 million as settlement for the conversion of $79.2 million principal amount of the 2022 Convertible Notes.

On May 15, 2023, the Company issued a total of 4,500,000 shares of common stock at $17.33 per share. Net of underwriting fees and offering costs, the Company received total cash proceeds of $77.6 million. Subsequent to the offering, the Company issued an additional 675,000 shares on June 12, 2023 pursuant to the overallotment option granted to underwriters and received, net of underwriting fees, additional total cash proceeds of $11.7 million.

The Company has a dividend reinvestment plan, whereby the Company may buy shares of its common stock in the open market or issue new shares in order to satisfy dividend reinvestment requests. The number of shares to be issued to a stockholder is determined by dividing the total dollar amount of the cash dividend or distribution payable to a stockholder by the market price per share of the Company’s common stock at the close of regular trading on the NYSE on the payment date of a distribution, or if no sale is reported for such day, the average of the reported bid and ask prices. However, if the market price per share on the payment date of a cash dividend or distribution exceeds the most recently computed net asset value per share, the Company will issue shares at the greater of (i) the most recently computed net asset value per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeded the most recently computed net asset value per share). Shares purchased in open market transactions by the plan administrator will be allocated to a stockholder based on the average purchase price, excluding any brokerage charges or other charges, of all shares of common stock purchased in the open market.

Pursuant to the Company’s dividend reinvestment plan, the following tables summarize the shares issued to stockholders who have not opted out of the Company’s dividend reinvestment plan during the six months ended June 30, 2023 and 2022. All shares issued to stockholders in the tables below are newly issued shares.

	Six Months Ended
	June 30, 2023
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023		61,590
February 16, 2023	Base	March 15, 2023	March 31, 2023		300,988
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		23,686
May 8, 2023	Base	June 15, 2023	June 30, 2023		290,680
Total Shares Issued					676,944

	Six Months Ended
	June 30, 2022
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
November 2, 2021	Base	December 15, 2021	January 14, 2022		233,542
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022		65,596
February 17, 2022	Base	March 15, 2022	April 18, 2022		239,376
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		29,459
Total Shares Issued					567,973

(1)See Note 11 for further information on base, supplemental and special dividends.

On August 4, 2015, the Company's Board authorized the Company to acquire up to $50 million in aggregate of the Company’s common stock from time to time over an initial six month period, and has continued to authorize the refreshment of the $50 million amount authorized under and extension of the stock repurchase program prior to its expiration since that time, most recently as of May 8, 2023. The amount and timing of stock repurchases under the program may vary depending on market conditions, and no assurance can be given that any particular amount of common stock will be repurchased.

No shares were repurchased during the six months ended June 30, 2023 and 2022.

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Earnings per Share

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Earnings per Share

10. Earnings per share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended					Six Months Ended
	June 30, 2023		June 30, 2022			June 30, 2023		June 30, 2022
Earnings per common share—basic
Numerator for basic earnings per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Earnings per common share—basic	$	0.63	$	(0.18	)	$	1.28	$	0.36
Earnings per common share—diluted
Numerator for increase in net assets per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Adjustment for interest expense and    deferred financing costs on 2022 Convertible    Notes, incentive fee and excise tax, net		—		999			—		1,997
Numerator for diluted earnings per share	$	53,090	$	(12,526	)	$	106,042	$	29,357
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Adjustment for dilutive effect of 2022    Convertible Notes		—		5,580,973			—		5,580,973
Denominator for diluted weighted average shares		84,223,032		81,846,634			82,819,734		81,700,654
Earnings per common share—diluted	$	0.63	$	(0.15	)	$	1.28	$	0.36

The 2022 Convertible Notes were convertible into a combination of cash and shares of the Company’s common stock, which could have been dilutive to common stockholders. Diluted earnings (losses) per share is the amount of earnings (losses) available to each share of common stock outstanding during the reporting period including any additional shares of common stock that would be issued if all potentially dilutive securities were exercised. Upon adoption of ASU 2020-06 during the period ended March 31, 2021, the Company was required to disclose diluted EPS using the if-converted method. The if-converted method is a method of computing EPS that assumes conversion of convertible securities at the beginning of the reporting period and is intended to show the maximum dilution effect to common stockholders regardless of how the conversion can occur.

For the purpose of calculating diluted earnings per common share, the average closing price of the Company’s common stock for the three and six months ended June 30, 2022 was greater than the estimated adjusted conversion price for the 2022 Convertible Notes outstanding as of June 30, 2022. Therefore, for this period presented in the consolidated financial statements the Company applied the if-converted method for purposes of calculating diluted earnings per common share.

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Dividends

6 Months Ended

Jun. 30, 2023

Dividends [Abstract]

Dividends

11. Dividends

The Company has historically paid a dividend to stockholders on a quarterly basis. The Company has a dividend framework that provides for a quarterly base dividend and a variable supplemental dividend, subject to satisfaction of certain measurement tests and the approval of the Board.

The following tables summarize dividends declared during the six months ended June 30, 2023 and 2022:

	Six Months Ended
	June 30, 2023
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023	$	0.09
February 16, 2023	Base	March 15, 2023	March 31, 2023		0.46
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		0.04
May 8, 2023	Base	June 15, 2023	June 30, 2023		0.46
Total Dividends Declared				$	1.05

	Six Months Ended
	June 30, 2022
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022	$	0.11
February 17, 2022	Base	March 15, 2022	April 18, 2022		0.41
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		0.04
May 3, 2022	Base	June 15, 2022	July 15, 2022		0.41
Total Dividends Declared				$	0.97

The dividends declared during the six months ended June 30, 2023 and 2022 were derived from net investment income, determined on a tax basis.

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Financial Highlights

6 Months Ended

Jun. 30, 2023

Investment Company, Financial Highlights [Abstract]

Financial Highlights

12. Financial Highlights

The following per share data and ratios have been derived from information provided in the consolidated financial statements. The following are the financial highlights for one share of common stock outstanding during the six months ended June 30, 2023 and 2022.

	Six Months Ended			Six Months Ended
	June 30, 2023			June 30, 2022
Per Share Data (8)
Net asset value, beginning of period	$	16.48		$	16.84
Net investment income (1)		1.11			1.01
Net realized and unrealized    gain (loss) (1)		0.17			(0.65	)
Total from operations		1.28			0.36
Issuance of common stock, net of    offering costs (2)		0.02			0.04
Dividends declared from net    investment income (2)		(1.05	)		(0.97	)
Total increase (decrease) in net assets		0.25			(0.57	)
Net Asset Value, End of Period	$	16.74		$	16.27
Per share market value at end of    period	$	18.69		$	18.50
Total return based on market value    with reinvestment of dividends (3)		11.43	%	(17.06)%
Total return based on market value (4)		10.90	%	(16.76)%
Total return based on net asset    value (5)		7.95	%		2.38	%
Shares Outstanding, End of Period		87,241,231			76,339,515
Ratios / Supplemental Data (6)
Ratio of net expenses to average    net assets (7)		16.22	%		8.65	%
Ratio of net investment income      to average net assets		13.24	%		12.08	%
Portfolio turnover		12.65	%		31.11	%
Net assets, end of period	$	1,460,529		$	1,241,959

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The per share data was derived by using the actual shares outstanding at the date of the relevant transactions.

(3)Total return based on market value with dividends reinvested is calculated as the change in market value per share during the period plus declared dividends per share, assuming reinvestment of dividends, divided by the beginning market value per share.

(4)Total return based on market value is calculated as the change in market value per share during the period plus declared dividends per share, divided by the beginning market value per share.

(5)Total return based on net asset value is calculated as the change in net asset value per share during the period plus declared dividends per share, divided by the beginning net asset value per share.

(6)The ratios reflect an annualized amount.

(7)The ratio of net expenses to average net assets in the table above reflects the Adviser’s waivers of its right to receive a portion of the Management Fee pursuant to the Leverage Waiver for the six months ended June 30, 2023 and 2022. Excluding the effects of the waivers, the ratio of net expenses to average net assets would have been 16.30% and 8.65%, respectively, for the six months ended June 30, 2023 and 2022.

(8)Table may not sum due to rounding.

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Subsequent Events

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

13. Subsequent Events

The Company’s management has evaluated subsequent events through the date of issuance of the consolidated financial statements included herein. There have been no subsequent events, except as already disclosed, that occurred during such period that would require disclosure in this Form 10-Q or would be required to be recognized in the consolidated financial statements as of and for the three and six months ended June 30, 2023.

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Significant Accounting Policies (Policies)

6 Months Ended

Jun. 30, 2023

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation

The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. In the opinion of management, all adjustments considered necessary for the fair presentation of the consolidated financial statements for the periods presented have been included. The results of operations for interim periods are not indicative of results to be expected for the full year. All intercompany balances and transactions have been eliminated in consolidation.

Certain financial information that is normally included in annual financial statements, including certain financial statement footnotes, prepared in accordance with U.S. GAAP, is not required for interim reporting purposes and has been condensed or omitted herein. These consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements and notes related thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022, which was filed with the Securities and Exchange Commission (“SEC”), on February 16, 2023.

The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies.

Fiscal Year End

Fiscal Year End

The Company’s fiscal year ends on December 31.

Use of Estimates

Use of Estimates

The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Actual amounts could differ from those estimates and such differences could be material.

Cash and Cash Equivalents

Cash and Cash Equivalents

Cash and cash equivalents may consist of demand deposits, highly liquid investments (e.g., money market funds, U.S. Treasury notes, and similar type instruments) with original maturities of three months or less, and restricted cash pledged as collateral for certain centrally cleared derivative instruments. Cash and cash equivalents denominated in U.S. dollars are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with highly-rated banking corporations and, at times, cash deposits may exceed the insured limits under applicable law.

Investments at Fair Value

Investments at Fair Value

Loan originations are recorded on the date of the binding commitment, which is generally the funding date. Investment transactions purchased through the secondary markets are recorded on the trade date. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries. The net change in unrealized gains or losses primarily reflects the change in investment values and also includes the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period.

Investments for which market quotations are readily available are typically valued at those market quotations. To validate market quotations, the Company utilizes a number of factors to determine if the quotations are representative of fair value, including the source and number of the quotations. Debt and equity securities that are not publicly traded or whose market prices are not readily available, as is the case for substantially all of our investments, are valued at fair value as determined in good faith by the Company’s Board of Directors (the “Board”), based on, among other things, the input of the Adviser, the Company’s Audit Committee and independent third-party valuation firms engaged at the direction of the Board.

As part of the valuation process, the Board takes into account relevant factors in determining the fair value of its investments, including and in combination of: the estimated enterprise value of a portfolio company (that is, the total value of the portfolio company’s net debt and equity), the nature and realizable value of any collateral, the portfolio company’s ability to make payments based on its earnings and cash flow, the markets in which the portfolio company does business, a comparison of the portfolio company’s securities to any similar publicly traded securities, and overall changes in the interest rate environment and the credit markets that may affect the price at which similar investments may be made in the future. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, the Board considers whether the pricing indicated by the external event corroborates its valuation.

The Board undertakes a multi-step valuation process, which includes, among other procedures, the following:

•The valuation process begins with each investment being initially valued by the investment professionals responsible for the portfolio investment in conjunction with the portfolio management team.

•The Adviser’s management reviews the preliminary valuations with the investment professionals. Agreed upon valuation recommendations are presented to the Audit Committee.

•The Audit Committee reviews the valuations presented and recommends values for each investment to the Board.

•The Board reviews the recommended valuations and determines the fair value of each investment; valuations that are not based on readily available market quotations are valued in good faith based on, among other things, the input of the Adviser, Audit Committee and, where applicable, other third parties including independent third-party valuation firms engaged at the direction of the Board.

The Company conducts this valuation process on a quarterly basis.

The Board has engaged independent third-party valuation firms to perform certain limited procedures that the Board has identified and requested them to perform in connection with the valuation process of investments for which no market quotations are readily available. At June 30, 2023, the independent third-party valuation firms performed their procedures over substantially all of the Company’s investments. Upon completion of such limited procedures, the third-party valuation firms concluded that the fair value, as determined by the Board, of those investments subjected to their limited procedures, appeared reasonable.

The Company applies Financial Accounting Standards Board Accounting Standards Codification Topic 820, Fair Value Measurement (“ASC Topic 820”), as amended, which establishes a framework for measuring fair value in accordance with U.S. GAAP and required disclosures of fair value measurements. ASC Topic 820 determines fair value to be the price that would be received for an investment in a current sale, which assumes an orderly transaction between market participants on the measurement date. Market participants are defined as buyers and sellers in the principal or most advantageous market (which may be a hypothetical market) that are independent, knowledgeable, and willing and able to transact. In accordance with ASC Topic 820, the Company considers its principal market to be the market that has the greatest volume and level of activity. ASC Topic 820 specifies a fair value hierarchy that prioritizes and ranks the level of observability of inputs used in determination of fair value. In accordance with ASC Topic 820, these levels are summarized below:

•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.

Transfers between levels, if any, are recognized at the beginning of the quarter in which the transfers occur. In addition to using the above inputs in investment valuations, the Company applies the valuation policy approved by its Board that is consistent with ASC Topic 820. Consistent with the valuation policy, the Company evaluates the source of inputs, including any markets in which its investments are trading (or any markets in which securities with similar attributes are trading), in determining fair value. When a security is valued based on prices provided by reputable dealers or pricing services (that is, broker quotes), the Company subjects those prices to various additional criteria in making the determination as to whether a particular investment would qualify for treatment as a Level 2 or Level 3 investment. For example, the Company reviews pricing provided by dealers or pricing services in order to determine if observable market information is being used, versus unobservable inputs. Some additional factors considered include the number of prices obtained as well as an assessment as to their quality, such as the depth of the relevant market relative to the size of the Company’s position.

Due to the inherent uncertainty of determining the fair value of investments that do not have a readily available market value, the fair value of the Company’s investments may fluctuate from period to period. Additionally, the fair value of such investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that may ultimately be realized. Further, such investments are generally less liquid than publicly traded securities and may be subject to contractual and other restrictions on resale. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, it could realize amounts that are different from the amounts presented and such differences could be material.

In addition, changes in the market environment including the impact of changes in broader market indices and credit spreads and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the unrealized gains or losses reflected herein.

Financial and Derivative Instruments

Financial and Derivative Instruments

The Company recognizes all derivative instruments as assets or liabilities at fair value in its consolidated financial statements, pursuant to ASC Topic 815 Derivatives and Hedging, further clarified by the FASB’s issuance of the Accounting Standards Update (“ASU”) No. 2017-12, Derivatives and Hedging, which was adopted in 2019 by the Company. For all derivative instruments designated in a hedge accounting relationship, the entire change in the fair value of the hedging instrument shall be recorded in the same line item of the Consolidated Statements of Operations as the hedged item. The Company uses certain interest rate swaps as derivative instruments to hedge the Company’s fixed rate debt, and therefore both the periodic payment and the change in fair value for the effective hedge, if applicable, will be recognized as components of interest expense in the Consolidated Statements of Operations. For derivative contracts entered into by the Company that are not designated in a hedge accounting relationship, the Company presents changes in the fair value through current period earnings.

In the normal course of business, the Company has commitments and risks resulting from its investment transactions, which may include those involving derivative instruments. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. While the notional amount gives some indication of the Company’s derivative activity, it generally is not exchanged, but is only used as the basis on which interest and other payments are exchanged. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process.

Derivatives, including the Company’s interest rate swaps, for which broker quotes are available are typically valued at those broker quotes.

Offsetting Assets and Liabilities

Offsetting Assets and Liabilities

Foreign currency forward contract and interest rate swap receivables or payables pending settlement are offset, and the net amount is included with receivable or payable for foreign currency forward contracts or interest rate swaps in the consolidated balance sheets when, and only when, they are with the same counterparty, the Company has the legal right to offset the recognized amounts, and it intends to either settle on a net basis or realize the asset and settle the liability simultaneously.

Foreign Currency

Foreign Currency

Foreign currency amounts are translated into U.S. dollars on the following basis:

•cash and cash equivalents, market value of investments, outstanding debt on revolving credit facilities, other assets and liabilities: at the spot exchange rate on the last business day of the period; and

•purchases and sales of investments, borrowings and repayments of such borrowings, income and expenses: at the rates of exchange prevailing on the respective dates of such transactions.

Although net assets and fair values are presented based on the applicable foreign exchange rates described above, the Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in fair values of investments held. Such fluctuations are included with the net realized and unrealized gain or loss from investments. The Company’s current approach to hedging the foreign currency exposure in its non-U.S. dollar denominated investments is primarily to borrow the par amount in local currency under the Company’s Revolving Credit Facility to fund these investments. Fluctuations arising from the translation of foreign currency borrowings are included with the net change in unrealized gains (losses) on translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations.

Investments denominated in foreign currencies and foreign currency transactions may involve certain considerations and risks not typically associated with those of domestic origin, including unanticipated movements in the value of the foreign currency relative to the U.S. dollar.

Equity Offering Expenses

Equity Offering Expenses

The Company records expenses related to equity offerings as a reduction of capital upon completion of an offering of registered securities. The costs associated with renewals of the Company’s shelf registration statement are expensed as incurred.

Debt Issuance Costs

Debt Issuance Costs

The Company records origination and other expenses related to its debt obligations as deferred financing costs, which are presented as a direct deduction from the carrying value of the related debt liability. These expenses are deferred and amortized using the effective interest method, or straight-line method, over the stated maturity of the debt obligation.

Interest and Dividend Income Recognition

Interest and Dividend Income Recognition

Interest income is recorded on an accrual basis and includes the amortization of discounts and premiums. Discounts and premiums to par value on securities purchased or originated are amortized into interest income over the contractual life of the respective security using the effective interest method. The amortized cost of investments represents the original cost adjusted for the amortization of discounts and premiums, if any.

Unless providing services in connection with an investment, such as syndication, structuring or diligence, all or a portion of any loan fees received by the Company will be deferred and amortized over the investment’s life using the effective interest method.

Loans are generally placed on non-accrual status when principal or interest payments are past due 30 days or more or when management has reasonable doubt that the borrower will pay principal or interest in full. Accrued and unpaid interest is generally reversed when a loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest has been paid and, in management’s judgment, the borrower is likely to make principal and interest payments in the future. Management may determine to not place a loan on non-accrual status if, notwithstanding any failure to pay, the loan has sufficient collateral value and is in the process of collection.

Dividend income on preferred equity securities is recorded on an accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly-traded portfolio companies.

Other Income

Other Income

From time to time, the Company may receive fees for services provided to portfolio companies by the Adviser. The services that the Adviser provides vary by investment, but may include syndication, structuring, diligence fees, or other service-based fees and fees for providing managerial assistance to our portfolio companies and are recognized as revenue when earned.

Earnings Per Share

Earnings per share

The Company's earnings per share (“EPS”) amounts have been computed based on the weighted-average number of shares of common stock outstanding for the period. Basic EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed by dividing net increase (decrease) in net assets resulting from operations by the weighted average number of shares of common stock assuming all potential shares had been issued and the additional shares of common stock were dilutive. Diluted EPS reflects the potential dilution, using the if-converted method for convertible debt, which could occur if all potentially dilutive securities were exercised.

Reimbursement of Transaction-Related Expenses

Reimbursement of Transaction-Related Expenses

The Company may receive reimbursement for certain transaction-related expenses in pursuing investments. Transaction-related expenses, which are expected to be reimbursed by third parties, are typically deferred until the transaction is consummated and are recorded in Prepaid expenses and other assets on the date incurred. The transaction-related costs of pursuing investments not otherwise reimbursed are borne by the Company and for successfully completed investments included as a component of the investment’s cost basis.

Cash advances received in respect of transaction-related expenses are recorded as Cash and cash equivalents with an offset to Other liabilities or Other payables to affiliates. Other liabilities or Other payables to affiliates are relieved as reimbursable expenses are incurred.

Income Taxes, Including Excise Taxes

Income Taxes, Including Excise Taxes

The Company has elected to be treated as a RIC under Subchapter M of the Code, and the Company intends to operate in a manner so as to continue to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must, among other things, distribute to its stockholders in each taxable year generally at least 90% of its investment company taxable income, as defined by the Code, and net tax-exempt income for that taxable year. To maintain its RIC status, the Company, among other things, has made and intends to continue to make the requisite distributions to its stockholders, which generally relieves the Company from corporate-level U.S. federal income taxes.

The Company evaluates tax positions taken or expected to be taken in the course of preparing its financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof.

Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4% U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that the estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company accrues excise tax on estimated excess taxable income.

For the three and six months ended June 30, 2023, the Company recorded a net expense of $0.9 million and $1.3 million, respectively, for U.S. federal excise tax and other taxes. For the three and six months ended June 30, 2022, the Company recorded a net expense of $0.8 million and $1.1 million, respectively, for U.S. federal excise tax and other taxes.

Dividends to Common Stockholders

Dividends to Common Stockholders

Dividends to common stockholders are recorded on the record date. The amount to be paid out as a dividend is determined by the Board and is generally based upon the earnings estimated by the Adviser. Net realized long-term capital gains, if any, would generally be distributed at least annually, although the Company may decide to retain such capital gains.

The Company has adopted a dividend reinvestment plan that provides for reinvestment of any dividends declared in cash on behalf of stockholders, unless a stockholder elects to receive cash. As a result, if the Board authorizes, and it declares, a cash dividend, then the stockholders who have not “opted out” of the dividend reinvestment plan will have their cash dividends automatically reinvested in additional shares of the Company’s common stock, rather than receiving the cash dividend. The Company expects to use newly issued shares to satisfy the dividend reinvestment plan.

Recent Accounting Standards and Regulatory Updates

Recent Accounting Standards and Regulatory Updates

In December 2022, the Financial Accounting Standards Board issued Accounting Standards Update 2022-06 (“ASU 2022-06”) “Reference Rate Reform (Topic 848): Deferral of the Sunset Date of Topic 848.” Topic 848 provides optional expedients and exceptions for applying generally accepted accounting principles to contract modifications and hedging relationships, subject to meeting certain criteria, that reference LIBOR or another reference rate expected to be discontinued. ASU 2022-06 defers the sunset date of Topic 848 from December 31, 2022, to December 31, 2024, after which entities will no longer be permitted to apply the relief in Topic 848. ASU 2022-06 is effective for all entities in scope upon issuance of ASU 2022-06. The adoption of this guidance did not have a material impact on the Company’s financial position, result of operations or cash flows.

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Investments at Fair Value (Tables)

6 Months Ended

Jun. 30, 2023

Investments, Debt and Equity Securities [Abstract]

Summary of Investments at Fair Value

Investments at fair value consisted of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,783,455	$	2,800,152	$	16,697
Second-lien debt investments		47,831		39,708		(8,123	)
Mezzanine debt investments		37,472		40,237		2,765
Equity and other investments		141,646		154,707		13,061
Structured credit investments		54,955		54,183		(772	)
Total Investments	$	3,065,359	$	3,088,987	$	23,628

	December 31, 2022
	Amortized Cost (1)		Fair Value		Net Unrealized Gain (Loss)
First-lien debt investments	$	2,529,317	$	2,517,894	$	(11,423	)
Second-lien debt investments		42,743		40,762		(1,981	)
Mezzanine debt investments		7,497		10,158		2,661
Equity and other investments		142,103		167,685		25,582
Structured credit investments		53,066		51,426		(1,640	)
Total Investments	$	2,774,726	$	2,787,925	$	13,199

(1)The amortized cost represents the original cost adjusted for the amortization of discounts or premiums, as applicable, on debt investments using the effective interest method.

Summary of Industry Composition of Investments at Fair Value

The industry composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
Automotive		2.3	%		1.2	%
Business Services		15.6	%		14.4	%
Chemicals		0.7	%		0.7	%
Communications		3.1	%		2.7	%
Education		5.2	%		5.8	%
Financial Services		9.7	%		12.8	%
Healthcare		9.7	%		9.9	%
Hotel, Gaming and Leisure		4.1	%		4.5	%
Human Resource Support Services		11.8	%		11.9	%
Insurance		0.1	%		—
Internet Services		15.7	%		13.9	%
Manufacturing		1.2	%		1.3	%
Marketing Services		0.3	%		0.4	%
Office Products		0.6	%		0.7	%
Oil, Gas and Consumable Fuels		4.8	%		3.9	%
Other		3.0	%		3.3	%
Retail and Consumer Products		11.0	%		11.4	%
Transportation		1.1	%		1.2	%
Total		100.0	%		100.0	%

Summary of Geographic Composition of Investments at Fair Value

The geographic composition of investments at fair value at June 30, 2023 and December 31, 2022 is as follows:

	June 30, 2023			December 31, 2022
United States
Midwest		10.1	%		11.6	%
Northeast		25.4	%		25.4	%
South		22.4	%		24.3	%
West		33.7	%		30.7	%
Australia		2.0	%		2.2	%
Canada		4.8	%		4.3	%
Finland (1)		0.0	%		—
Germany		0.1	%		0.1	%
Luxembourg		0.1	%		0.1	%
Netherlands		0.1	%		—
Norway		0.7	%		0.7	%
United Kingdom		0.6	%		0.6	%
Total		100.0	%		100.0	%

(1)Value sums to less than 0.1%.

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Derivatives (Tables)

6 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Summary of Amounts Paid and Received on Interest Rate Swap Transactions, Excluding Upfront Fees

The following tables present the amounts paid and received on the Company’s interest rate swap transactions, excluding upfront fees, for the three and six months ended June 30, 2023 and 2022:

				For the Three Months Ended June 30, 2023								For the Six Months Ended June 30, 2023
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap (1)	1/22/2023	$	—	$	—		$	—	$	—		$	(663	)	$	431		(232	)
Interest rate swap	11/1/2024		300,000		(5,601	)		2,906		(2,695	)		(10,833	)		5,813		(5,020	)
Interest rate swap	11/1/2024		50,000		(960	)		484		(476	)		(1,848	)		969		(879	)
Interest rate swap	11/1/2024		2,500		(24	)		47		23			(48	)		90		42
Interest rate swap	8/1/2026		300,000		(5,341	)		1,854		(3,487	)		(10,262	)		3,708		(6,554	)
Total		$	652,500	$	(11,926	)	$	5,291	$	(6,635	)	$	(23,654	)	$	11,011	$	(12,643	)

(1)As of June 30, 2023, these interest rate swaps had either matured or been terminated due to repayment of the underlying investment or security.

				For the Three Months Ended June 30, 2022								For the Six Months Ended June 30, 2022
	Maturity Date	Notional Amount		Paid			Received		Net			Paid			Received		Net
Interest rate swap	8/1/2022	$	115,000	$	(986	)	$	1,294	$	308		$	(1,731	)	$	2,587	$	856
Interest rate swap	8/1/2022		50,000		(329	)		563		234			(556	)		1,125		569
Interest rate swap	8/1/2022		7,500		(50	)		84		34			(84	)		169		85
Interest rate swap	8/1/2022		27,531		(306	)		214		(92	)		(613	)		373		(240	)
Interest rate swap	8/1/2022		2,160		(24	)		17		(7	)		(48	)		29		(19	)
Interest rate swap	8/1/2022		42,819		(481	)		339		(142	)		(963	)		588		(375	)
Interest rate swap	1/22/2023		150,000		(1,141	)		1,687		546			(1,971	)		3,375		1,404
Interest rate swap	11/1/2024		300,000		(2,521	)		2,906		385			(4,334	)		5,813		1,479
Interest rate swap	11/1/2024		50,000		(447	)		484		37			(767	)		969		202
Interest rate swap	11/1/2024		2,500		(25	)		21		(4	)		(48	)		36		(12	)
Interest rate swap	8/1/2026		300,000		(2,253	)		1,917		(336	)		(3,779	)		3,708		(71	)
Total		$	1,047,510	$	(8,563	)	$	9,526	$	963		$	(14,894	)	$	18,772	$	3,878

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Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2023

Fair Value Disclosures [Abstract]

Fair Value Measurements of Investments

The following tables present fair value measurements of investments as of June 30, 2023 and December 31, 2022:

	Fair Value Hierarchy at June 30, 2023
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	22,762		$	2,777,390	$	2,800,152
Second-lien debt investments		—		—			39,708		39,708
Mezzanine debt investments		—		—			40,237		40,237
Equity and other investments		8,053		10,468			136,186		154,707
Structured credit investments		—		54,183			—		54,183
Total investments at fair value	$	8,053	$	87,413		$	2,993,521	$	3,088,987
Interest rate swaps		—		(52,649	)		—		(52,649	)
Total	$	8,053	$	34,764		$	2,993,521	$	3,036,338

	Fair Value Hierarchy at December 31, 2022
	Level 1		Level 2			Level 3		Total
First-lien debt investments	$	—	$	21,935		$	2,495,959	$	2,517,894
Second-lien debt investments		—		—			40,762		40,762
Mezzanine debt investments		—		—			10,158		10,158
Equity and other investments		7,498		13,128			147,059		167,685
Structured credit investments		—		51,426			—		51,426
Total investments at fair value	$	7,498	$	86,489		$	2,693,938	$	2,787,925
Interest rate swaps		—		(55,314	)		—		(55,314	)
Total	$	7,498	$	31,175		$	2,693,938	$	2,732,611

Changes in Fair Value of Investments Using Level 3 Inputs

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2023:

	As of and for the Three Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,628,849		$	44,805		$	11,093		$	136,769		$	2,821,516
Purchases or originations		249,417			—			29,111			693			279,221
Repayments / redemptions		(119,056	)		—			—			—			(119,056	)
Sales Proceeds		—			—			—			(554	)		(554	)
Paid-in-kind interest		3,081			194			60			—			3,335
Net change in unrealized gains (losses)		11,366			(5,315	)		(53	)		(1,827	)		4,171
Net realized gains (losses)		(25	)		—			—			374			349
Net amortization of discount on securities		3,758			24			26			—			3,808
Transfers into (out of) Level 3		—			—			—			731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237		$	136,186		$	2,993,521

	As of and for the Six Months Ended
	June 30, 2023
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments		Equity and other investments			Total
Balance, beginning of period	$	2,495,959		$	40,762		$	10,158	$	147,059		$	2,693,938
Purchases or originations		417,459			4,850			29,806		2,060			454,175
Repayments / redemptions		—			—			—		(5,809	)		(5,809	)
Sales Proceeds		(176,394	)		—			—		—			(176,394	)
Paid-in-kind interest		6,297			194			143		—			6,634
Net change in unrealized gains (losses)		27,147			(6,142	)		103		(12,928	)		8,180
Net realized gains (losses)		(25	)		—			—		5,073			5,048
Net amortization of discount on securities		6,947			44			27		—			7,018
Transfers into (out of) Level 3		—			—			—		731			731
Balance, End of Period	$	2,777,390		$	39,708		$	40,237	$	136,186		$	2,993,521

Copper Bidco, LLC was transferred into Level 3 from Level 2 for fair value measurement purposes during the three months ended June 30, 2023, as a result of changes in observability of inputs into the security valuation for this portfolio company.

The following tables present the changes in the fair value of investments for which Level 3 inputs were used to determine the fair value as of and for the three and six months ended June 30, 2022:

	As of and for the Three Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,239,027		$	42,511		$	14,139		$	123,019		$	2,418,696
Purchases or originations		298,675			54			—			28,501			327,230
Repayments / redemptions		(215,774	)		(10	)		—			—			(215,784	)
Sales Proceeds		—			—			—			(758	)		(758	)
Paid-in-kind interest		3,605			—			61			—			3,666
Net change in unrealized gains (losses)		(35,068	)		(1,048	)		(3,804	)		(13,536	)		(53,456	)
Net realized gains (losses)		2			—			—			355			357
Net amortization of discount on securities		4,590			16			1			—			4,607
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

	As of and for the Six Months Ended
	June 30, 2022
	First-lien debt investments			Second-lien debt investments			Mezzanine  debt investments			Equity and other investments			Total
Balance, beginning of period	$	2,298,856		$	—		$	18,549		$	117,233		$	2,434,638
Purchases or originations		378,622			54			—			32,776			411,452
Repayments / redemptions		(361,869	)		(10	)		—			—			(361,879	)
Sale Proceeds		—			—			—			(18,315	)		(18,315	)
Paid-in-kind interest		6,637			—			125			—			6,762
Net change in unrealized gains (losses)		(36,614	)		(1,285	)		(6,145	)		(10,269	)		(54,313	)
Net realized gains		113			—			—			14,022			14,135
Net amortization of discount on securities		9,312			35			2			—			9,349
Transfers within Level 3		—			—			(2,134	)		2,134			—
Transfers into (out of) Level 3		—			42,729			—			—			42,729
Balance, End of Period	$	2,295,057		$	41,523		$	10,397		$	137,581		$	2,484,558

Net Change in Unrealized Gains or Losses on Investments for Which Level 3 Inputs were Used in Determining Fair Value

The following table presents information with respect to the net change in unrealized gains or losses on investments for which Level 3 inputs were used in determining fair value that are still held by the Company at June 30, 2023 and 2022:

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Three Months Ended			for the Three Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	11,843		$	(32,820	)
Second-lien debt investments		(5,315	)		(1,049	)
Mezzanine debt investments		(53	)		(3,804	)
Equity and other investments		(1,869	)		(13,134	)
Total	$	4,606		$	(50,807	)

	Net Change in Unrealized			Net Change in Unrealized
	Gains or (Losses)			Gains or (Losses)
	for the Six Months Ended			for the Six Months Ended
	June 30, 2023 on			June 30, 2022 on
	Investments Held at			Investments Held at
	June 30, 2023			June 30, 2022
First-lien debt investments	$	29,123		$	(30,834	)
Second-lien debt investments		(6,142	)		(1,285	)
Mezzanine debt investments		103			(6,145	)
Equity and other investments		(8,430	)		4,344
Total	$	14,654		$	(33,920	)

Fair Value of Level 3 Investments at Fair Value Significant Unobservable Inputs Used in Valuations

The following tables present the fair value of Level 3 Investments at fair value and the significant unobservable inputs used in the valuations as of June 30, 2023 and December 31, 2022. The tables are not intended to be all-inclusive, but instead capture the significant unobservable inputs relevant to the Company’s determination of fair values.

	June 30, 2023
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,777,390	Income approach (1)	Discount rate	9.7% — 20.4% (14.8%)	Decrease
Second-lien debt investments		39,708	Income approach (2)	Discount rate	15.5% — 15.5% (15.5%)	Decrease
Mezzanine debt investments		40,237	Income approach	Discount rate	14.3% — 22.5% (15.5%)	Decrease
Equity and other investments		136,186	Market Multiple (3)	Comparable multiple	2.0x — 25.0x (7.1x)	Increase
Total	$	2,993,521

(1)Includes $77.7 million of debt investments which were valued using an asset valuation waterfall.

(2)Includes $34.6 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $19.7 million of equity investments which were valued using an asset valuation waterfall, $2.0 million of equity investments using a Black-Scholes model, and $13.9 million using discounted cash flow analysis.

	December 31, 2022
			Valuation	Unobservable	Range (Weighted	Impact to Valuation from an
	Fair Value		Technique	Input	Average)	Increase to Input
First-lien debt investments	$	2,495,959	Income approach (1)	Discount rate	9.3% — 18.5% (15.1%)	Decrease
Second-lien debt investments		40,762	Income approach	Discount rate	19.6% — 19.6% (19.6%)	Decrease
Mezzanine debt investments		10,158	Income approach (2)	Discount rate	14.5% — 18.0% (16.0%)	Decrease
Equity and other investments		147,059	Market Multiple (3)	Comparable multiple	2.0x — 26.6x (7.9x)	Increase
Total	$	2,693,938

(1)Includes $21.0 million of first-lien debt investments which were valued using an asset valuation waterfall.

(2)Includes $0.1 million of debt investments which were valued using an asset valuation waterfall.

(3)Includes $38.4 million of equity investments which were valued using an asset valuation waterfall, $7.5 million of equity investments using a Black-Scholes model, and $13.1 million using a discounted cash flow analysis.

Fair Value of Company's 2023 Notes, 2024 Notes and 2026 Notes

The following table presents the fair value of the Company’s 2023 Notes, 2024 Notes and 2026 Notes, as of June 30, 2023 and December 31, 2022.

	June 30, 2023				December 31, 2022
	Outstanding Principal		Fair Value (1)		Outstanding Principal		Fair Value (1)
2023 Notes	$	—	$	—	$	150,000	$	149,640
2024 Notes		347,500		335,251		347,500		332,853
2026 Notes		300,000		262,530		300,000		261,750
Total	$	647,500	$	597,781	$	797,500	$	744,243

(1)The fair value is based on broker quotes received by the Company and is categorized as Level 2 within the fair value hierarchy.

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Debt (Tables)

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Schedule of Components of Interest Expense

For the three and six months ended June 30, 2023 and 2022, the components of interest expense related to the 2023 Notes, 2024 Notes and 2026 Notes were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2023		June 30, 2022		June 30, 2023		June 30, 2022
Interest expense	$	5,241	$	6,929	$	10,877	$	13,858
Accretion of original issue discount		195		191		387		378
Amortization of deferred financing costs		440		600		913		1,194
Total Interest Expense	$	5,876	$	7,720	$	12,177	$	15,430

For the three and six months ended June 30, 2023 and 2022, the components of interest expense were as follows:

	Three Months Ended						Six Months Ended
	June 30, 2023			June 30, 2022			June 30, 2023			June 30, 2022
Interest expense	$	23,915		$	10,045		$	44,320		$	19,807
Commitment fees		612			1,251			1,266			2,376
Amortization of deferred financing costs		1,085			1,439			2,312			2,882
Accretion of original issue discount		195			191			387			378
Swap settlement		6,635			(963	)		12,643			(3,878	)
Total Interest Expense	$	32,442		$	11,963		$	60,928		$	21,565
Average debt outstanding (in millions)	$	1,713.0		$	1,156.5		$	1,642.0		$	1,183.6
Weighted average interest rate		7.1	%		3.1	%		6.9	%		2.7	%

Schedule of Component of Carrying Value of Convertible Notes and Interest Rate

As June 30, 2023 and December 31, 2022, the components of the carrying value of the 2023 Notes, 2024 Notes and 2026 Notes and the stated interest rate were as follows:

	June 30, 2023						December 31, 2022
	2024 Notes			2026 Notes			2023 Notes			2024 Notes			2026 Notes
Principal amount of debt	$	347,500		$	300,000		$	150,000		$	347,500		$	300,000
Original issue discount, net of accretion		(531	)		(1,272	)		(1	)		(721	)		(1,468	)
Deferred financing costs		(1,363	)		(2,310	)		(39	)		(1,869	)		(2,679	)
Fair value of an effective hedge		(17,599	)		(35,050	)	—				(19,418	)		(35,665	)
Carrying value of debt	$	328,007		$	261,368		$	149,960		$	325,492		$	260,188
Stated interest rate		3.875	%		2.50	%		4.50	%		3.875	%		2.50	%

Schedule of Debt Obligations

Debt obligations consisted of the following as of June 30, 2023 and December 31, 2022:

	June 30, 2023
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,710,000	$	1,050,784	$	659,216	$	1,033,926
2024 Notes		347,500		347,500		—		328,007
2026 Notes		300,000		300,000		—		261,368
Total Debt	$	2,357,500	$	1,698,284	$	659,216	$	1,623,301

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

	December 31, 2022
	Aggregate Principal Amount Committed		Outstanding Principal		Amount Available (1)		Carrying Value (2)(3)
Revolving Credit Facility	$	1,585,000	$	719,328	$	865,672	$	706,156
2023 Notes		150,000		150,000		—		149,960
2024 Notes		347,500		347,500		—		325,492
2026 Notes		300,000		300,000		—		260,188
Total Debt	$	2,382,500	$	1,516,828	$	865,672	$	1,441,796

(1)The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

(2)The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

(3)The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

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Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments To Fund Investments In Current Portfolio Companies

As of June 30, 2023 and December 31, 2022, the Company had the following commitments to fund investments in current portfolio companies:

	June 30, 2023		December 31, 2022
Alaska Bidco Oy - Delayed Draw & Revolver	$	298	$	—
Alpha Midco, Inc. - Delayed Draw		690		910
American Achievement, Corp. - Revolver		2,403		2,403
Arrow Buyer, Inc. - Delayed Draw		7,645	—
ASG II, LLC - Delayed Draw		5,189		6,952
Avalara, Inc. - Revolver		3,864		3,864
Axonify, Inc. - Delayed Draw		4,106		6,113
Banyan Software Holdings, LLC - Delayed Draw		20,000	—
Bayshore Intermediate #2, L.P. - Revolver		1,930		1,618
BCTO Ace Purchaser, Inc. - Delayed Draw		3,608		6,556
Bear OpCo, LLC - Delayed Draw		1,901		2,606
BlueSnap, Inc. - Delayed Draw & Revolver		2,500		2,500
BTRS Holdings, Inc. - Delayed Draw & Revolver		6,032		8,638
Carlstar Group, LLC - Revolver		8,500		8,500
Cordance Operations, LLC - Delayed Draw & Revolver		5,783		12,093
Coupa Holdings, LLC - Delayed Draw & Revolver		6,809	—
CrunchTime Information Systems, Inc. - Delayed Draw		154		7,101
Disco Parent, Inc. - Revolver		455	—
Dye & Durham Corp. - Delayed Draw & Revolver		2,566		6,280
EDB Parent, LLC - Delayed Draw		14,766		18,037
Edge Bidco B.V. - Delayed Draw & Revolver		1,352	—
Elysian Finco Ltd. - Delayed Draw & Revolver		5,818		6,792
Employment Hero Holdings Pty Ltd. - Delayed Draw & Revolver		8,653		8,816
EMS Linq, Inc. - Revolver		3,514		8,784
Erling Lux Bidco SARL - Delayed Draw & Revolver		5,743		5,618
ExtraHop Networks, Inc. - Delayed Draw		13,837		17,050
ForeScout Technologies, Inc. - Delayed Draw & Revolver		3,425		3,425
G Treasury SS, LLC - Delayed Draw	—			3,400
Galileo Parent, Inc. - Revolver		5,625	—
Hirevue, Inc. - Revolver		6,887	—
Hornetsecurity Holding GmbH - Delayed Draw & Revolver		2,087		2,041
Ibis Intermediate Co. - Delayed Draw		6,338		6,338
IRGSE Holding Corp. - Revolver		1,868		253
Kyriba Corp. - Delayed Draw & Revolver		45		45
Laramie Energy, LLC - Delayed Draw		7,683	—
LeanTaaS Holdings, Inc. - Delayed Draw		41,076		47,218
Lithium Technologies, LLC - Revolver		990		1,979
Lucidworks, Inc. - Delayed Draw		833		833
Murchison Oil and Gas, LLC - Delayed Draw		3,257		9,772
Netwrix Corp. - Delayed Draw & Revolver		12,690		13,881
Neuintel, LLC - Delayed Draw	—			4,200
OutSystems Luxco SARL - Delayed Draw		2,185		2,137
PageUp People, Ltd. - Delayed Draw & Revolver	—			5,764
Passport Labs, Inc. - Delayed Draw & Revolver		2,778		2,778
Ping Identity Holding Corp. - Revolver		2,273		2,273
PrimePay Intermediate, LLC - Delayed Draw	—			2,474
PrimeRevenue, Inc. - Delayed Draw & Revolver		6,250		6,250
Project44, Inc. - Delayed Draw		19,861		19,861
ReliaQuest Holdings, LLC - Delayed Draw		13,971		22,752
Tango Management Consulting, LLC - Delayed Draw & Revolver		16,804		26,576
TRP Assets, LLC - Delayed Draw & Membership Interest		4,264		7,806
WideOrbit, Inc. - Revolver	—			4,756
Total Portfolio Company Commitments (1)(2)	$	299,306	$	338,043

(1)Represents the full amount of the Company’s commitments to fund investments on such date. Commitments may be subject to limitations on borrowings set forth in the agreements between the Company and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

(2)The Company’s estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.

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Net Assets (Tables)

6 Months Ended

Jun. 30, 2023

Equity [Abstract]

Summary of Shares Newly Issued to Shareholders Who Have Not Opted Out of Dividend Reinvestment Plan

Pursuant to the Company’s dividend reinvestment plan, the following tables summarize the shares issued to stockholders who have not opted out of the Company’s dividend reinvestment plan during the six months ended June 30, 2023 and 2022. All shares issued to stockholders in the tables below are newly issued shares.

	Six Months Ended
	June 30, 2023
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023		61,590
February 16, 2023	Base	March 15, 2023	March 31, 2023		300,988
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		23,686
May 8, 2023	Base	June 15, 2023	June 30, 2023		290,680
Total Shares Issued					676,944

	Six Months Ended
	June 30, 2022
			Date
Date Declared	Dividend (1)	Record Date	Shares Issued	Shares Issued
November 2, 2021	Base	December 15, 2021	January 14, 2022		233,542
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022		65,596
February 17, 2022	Base	March 15, 2022	April 18, 2022		239,376
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		29,459
Total Shares Issued					567,973

(1)See Note 11 for further information on base, supplemental and special dividends.

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Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Common Share

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2023 and 2022:

	Three Months Ended					Six Months Ended
	June 30, 2023		June 30, 2022			June 30, 2023		June 30, 2022
Earnings per common share—basic
Numerator for basic earnings per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Earnings per common share—basic	$	0.63	$	(0.18	)	$	1.28	$	0.36
Earnings per common share—diluted
Numerator for increase in net assets per share	$	53,090	$	(13,525	)	$	106,042	$	27,360
Adjustment for interest expense and    deferred financing costs on 2022 Convertible    Notes, incentive fee and excise tax, net		—		999			—		1,997
Numerator for diluted earnings per share	$	53,090	$	(12,526	)	$	106,042	$	29,357
Denominator for basic weighted average shares		84,223,032		76,265,661			82,819,734		76,119,681
Adjustment for dilutive effect of 2022    Convertible Notes		—		5,580,973			—		5,580,973
Denominator for diluted weighted average shares		84,223,032		81,846,634			82,819,734		81,700,654
Earnings per common share—diluted	$	0.63	$	(0.15	)	$	1.28	$	0.36

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Dividends (Tables)

6 Months Ended

Jun. 30, 2023

Dividends [Abstract]

Summary of Dividends Declared

The following tables summarize dividends declared during the six months ended June 30, 2023 and 2022:

	Six Months Ended
	June 30, 2023
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 16, 2023	Supplemental	February 28, 2023	March 20, 2023	$	0.09
February 16, 2023	Base	March 15, 2023	March 31, 2023		0.46
May 8, 2023	Supplemental	May 31, 2023	June 20, 2023		0.04
May 8, 2023	Base	June 15, 2023	June 30, 2023		0.46
Total Dividends Declared				$	1.05

	Six Months Ended
	June 30, 2022
Date Declared	Dividend	Record Date	Payment Date	Dividend per Share
February 17, 2022	Supplemental	February 28, 2022	March 31, 2022	$	0.11
February 17, 2022	Base	March 15, 2022	April 18, 2022		0.41
May 3, 2022	Supplemental	May 31, 2022	June 30, 2022		0.04
May 3, 2022	Base	June 15, 2022	July 15, 2022		0.41
Total Dividends Declared				$	0.97

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Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2023

Investment Company, Financial Highlights [Abstract]

Summary Of Financial Highlights

The following per share data and ratios have been derived from information provided in the consolidated financial statements. The following are the financial highlights for one share of common stock outstanding during the six months ended June 30, 2023 and 2022.

	Six Months Ended			Six Months Ended
	June 30, 2023			June 30, 2022
Per Share Data (8)
Net asset value, beginning of period	$	16.48		$	16.84
Net investment income (1)		1.11			1.01
Net realized and unrealized    gain (loss) (1)		0.17			(0.65	)
Total from operations		1.28			0.36
Issuance of common stock, net of    offering costs (2)		0.02			0.04
Dividends declared from net    investment income (2)		(1.05	)		(0.97	)
Total increase (decrease) in net assets		0.25			(0.57	)
Net Asset Value, End of Period	$	16.74		$	16.27
Per share market value at end of    period	$	18.69		$	18.50
Total return based on market value    with reinvestment of dividends (3)		11.43	%	(17.06)%
Total return based on market value (4)		10.90	%	(16.76)%
Total return based on net asset    value (5)		7.95	%		2.38	%
Shares Outstanding, End of Period		87,241,231			76,339,515
Ratios / Supplemental Data (6)
Ratio of net expenses to average    net assets (7)		16.22	%		8.65	%
Ratio of net investment income      to average net assets		13.24	%		12.08	%
Portfolio turnover		12.65	%		31.11	%
Net assets, end of period	$	1,460,529		$	1,241,959

(1)The per share data was derived by using the weighted average shares outstanding during the period.

(2)The per share data was derived by using the actual shares outstanding at the date of the relevant transactions.

(3)Total return based on market value with dividends reinvested is calculated as the change in market value per share during the period plus declared dividends per share, assuming reinvestment of dividends, divided by the beginning market value per share.

(4)Total return based on market value is calculated as the change in market value per share during the period plus declared dividends per share, divided by the beginning market value per share.

(5)Total return based on net asset value is calculated as the change in net asset value per share during the period plus declared dividends per share, divided by the beginning net asset value per share.

(6)The ratios reflect an annualized amount.

(7)The ratio of net expenses to average net assets in the table above reflects the Adviser’s waivers of its right to receive a portion of the Management Fee pursuant to the Leverage Waiver for the six months ended June 30, 2023 and 2022. Excluding the effects of the waivers, the ratio of net expenses to average net assets would have been 16.30% and 8.65%, respectively, for the six months ended June 30, 2023 and 2022.

(8)Table may not sum due to rounding.

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Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Significant Accounting Policies [Line Items]
Minimum percentage of investment company taxable income distribute to stockholders in each taxable year to qualify as RIC			90.00%
Nondeductible U.S. federal excise tax percentage			4.00%
Net expense for U.S. federal excise tax and other taxes	$ 0.9	$ 0.8	$ 1.3	$ 1.1
ASU 2022-06
Significant Accounting Policies [Line Items]
Change in Accounting Principle, Accounting Standards Update, Adopted [true false]	true		true
Change in accounting principle, accounting standards update, adoption date	Dec. 31, 2022		Dec. 31, 2022
Change in accounting principle, accounting standards update, immaterial effect	true		true

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Agreements and Related Party Transactions - Additional Information (Details) - USD ($)			1 Months Ended	3 Months Ended		6 Months Ended
	Mar. 31, 2020	Apr. 15, 2011	Nov. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Related Party Transaction [Line Items]
Management fees				$ 11,410,000	$ 9,488,000	$ 22,143,000	$ 18,818,000
Incentive fees realized and payable to advisor				10,507,000	6,724,000	19,988,000	14,601,000
Administration Agreement
Related Party Transaction [Line Items]
Agreement termination period			60 days
Administration Agreement | Adviser | Related Party | Other General and Administrative Expenses
Related Party Transaction [Line Items]
Expenses incurred				600,000	800,000	1,200,000	1,400,000
Investment Advisory Agreement
Related Party Transaction [Line Items]
Percentage of management fee on gross assets		1.50%
Management fees				11,400,000	9,500,000	22,100,000	18,800,000
Percentage of excess pre-incentive fee net investment income for immediate preceding calendar quarter		100.00%
Percentage of hurdle rate		1.50%
Percentage of total pre-Incentive fee net investment income payable quarterly		17.50%
Percentage of excess pre-Incentive Fee net investment income quarterly		1.82%
Percentage of all remaining pre-Incentive Fee net investment income quarterly		17.50%
Percentage of excess catch-up provision for pre-Incentive Fee net investment income		100.00%
Percentage of all pre-Incentive Fee net investment income		17.50%
Percentage of pre-Incentive Fee net investment income annualized		7.28%
Percentage of excess pre-Incentive Fee net investment income		17.50%
Percentage of pre-Incentive Fee net investment income payable in any quarter		1.82%
Percentage of weighted cumulative realized capital gains less cumulative realized capital losses and unrealized capital losses		15.00%
Incentive fees				11,300,000	2,400,000	22,500,000	6,900,000
Incentive fees realized and payable to advisor				10,500,000	6,700,000	20,000,000	14,600,000
Incentive fees accrued related to expense (reversal) of capital gains fees				700,000	9,100,000	2,500,000	7,700,000
Investment Advisory Agreement | Capital Gains Accrue Following March 31, 2014
Related Party Transaction [Line Items]
Percentage of incentive fee rate		17.50%
Investment Advisory Agreement | Realized Capital Gains Accrued Prior to March 31, 2014
Related Party Transaction [Line Items]
Percentage of incentive fee rate		15.00%
Investment Advisory Agreement | Realized Capital Gains Accrued Beginning April 1, 2014
Related Party Transaction [Line Items]
Percentage of incentive fee rate		17.50%
Investment Advisory Agreement | Future Realized Capital Gains Prior to April 1, 2014
Related Party Transaction [Line Items]
Incentive fee rate	17.50%
Remaining investments	$ 0
Investment Advisory Agreement | Leverage Waiver
Related Party Transaction [Line Items]
Management fees				$ 300,000	$ 100,000	$ 600,000	$ 100,000
Percentage of asset coverage		200.00%
Percentage of management fee in excess of annual rate on gross assets		1.00%
Percentage of management fee in excess of quarter rate on gross assets		0.25%

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Investments at Fair Value - Summary of Investments at Fair Value (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	$ 3,065,359	$ 2,774,726
Fair Value		3,088,987	2,787,925
Net Unrealized Gain (Loss)		23,628	13,199
First-lien Debt Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	2,783,455	2,529,317
Fair Value		2,800,152	2,517,894
Net Unrealized Gain (Loss)		16,697	(11,423)
Second-lien Debt Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	47,831	42,743
Fair Value		39,708	40,762
Net Unrealized Gain (Loss)		(8,123)	(1,981)
Mezzanine Debt Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	37,472	7,497
Fair Value		40,237	10,158
Net Unrealized Gain (Loss)		2,765	2,661
Equity and Other Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	141,646	142,103
Fair Value		154,707	167,685
Net Unrealized Gain (Loss)		13,061	25,582
Structured Credit Investments
Schedule Of Available For Sale Securities [Line Items]
Amortized Cost	[1]	54,955	53,066
Fair Value		54,183	51,426
Net Unrealized Gain (Loss)		$ (772)	$ (1,640)

[1] The amortized cost represents the original cost adjusted for the amortization of discounts or premiums, as applicable, on debt investments using the effective interest method.

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Investments at Fair Value - Summary of Industry Composition of Investments at Fair Value (Details)	Jun. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	100.00%	100.00%
Automotive
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	2.30%	1.20%
Business Services
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	15.60%	14.40%
Chemicals
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	0.70%	0.70%
Communications
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	3.10%	2.70%
Education
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	5.20%	5.80%
Financial Services
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	9.70%	12.80%
Healthcare
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	9.70%	9.90%
Hotel, Gaming and Leisure
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	4.10%	4.50%
Human Resource Support Services
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	11.80%	11.90%
Insurance
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	0.10%
Internet Services
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	15.70%	13.90%
Manufacturing
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	1.20%	1.30%
Marketing Services
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	0.30%	0.40%
Office Products
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	0.60%	0.70%
Oil, Gas and Consumable Fuels
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	4.80%	3.90%
Other
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	3.00%	3.30%
Retail and Consumer Products
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	11.00%	11.40%
Transportation
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	1.10%	1.20%

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Investments at Fair Value - Summary of Geographic Composition of Investments at Fair Value (Details)		Jun. 30, 2023	Dec. 31, 2022
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		100.00%	100.00%
United States - Midwest
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		10.10%	11.60%
United States - Northeast
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		25.40%	25.40%
United States - South
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		22.40%	24.30%
United States - West
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		33.70%	30.70%
Australia
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		2.00%	2.20%
Canada
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		4.80%	4.30%
Finland
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage	[1]	0.00%
Germany
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		0.10%	0.10%
Luxembourg
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		0.10%	0.10%
Netherlands
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		0.10%
Norway
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		0.70%	0.70%
United Kingdom
Schedule Of Available For Sale Securities [Line Items]
Investment fair value percentage		0.60%	0.60%

[1] Value sums to less than 0.1%.

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Investments at Fair Value - Summary of Geographic Composition of Investments at Fair Value (Parenthetical) (Details)		Jun. 30, 2023	Dec. 31, 2022
Debt Securities, Available-for-Sale [Line Items]
Investment fair value percentage		100.00%	100.00%
Finland
Debt Securities, Available-for-Sale [Line Items]
Investment fair value percentage	[1]	0.00%
Finland | Maximum
Debt Securities, Available-for-Sale [Line Items]
Investment fair value percentage		0.10%	0.10%

[1] Value sums to less than 0.1%.

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Derivatives - Summary of Amounts Paid and Received on Interest Rate Swap Transactions, Excluding Upfront Fees (Details) - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023		Jun. 30, 2022
Derivative [Line Items]
Notional Amount				$ 652,500,000		$ 1,047,510,000
Paid	$ (11,926,000)	$ (8,563,000)		(23,654,000)		(14,894,000)
Received	5,291,000	9,526,000		11,011,000		18,772,000
Net	(6,635,000)		$ 963,000	$ (12,643,000)		$ 3,878,000
Interest Rate Swap One
Derivative [Line Items]
Maturity Date				Jan. 22, 2023	[1]	Aug. 01, 2022
Notional Amount						$ 115,000,000
Paid		(986,000)		$ (663,000)	[1]	(1,731,000)
Received		1,294,000		431,000	[1]	2,587,000
Net			308,000	$ (232,000)	[1]	$ 856,000
Interest Rate Swap Two
Derivative [Line Items]
Maturity Date				Nov. 01, 2024		Aug. 01, 2022
Notional Amount				$ 300,000,000		$ 50,000,000
Paid	(5,601,000)	(329,000)		(10,833,000)		(556,000)
Received	2,906,000	563,000		5,813,000		1,125,000
Net	(2,695,000)		234,000	$ (5,020,000)		$ 569,000
Interest Rate Swap Three
Derivative [Line Items]
Maturity Date				Nov. 01, 2024		Aug. 01, 2022
Notional Amount				$ 50,000,000		$ 7,500,000
Paid	(960,000)	(50,000)		(1,848,000)		(84,000)
Received	484,000	84,000		969,000		169,000
Net	(476,000)		34,000	$ (879,000)		$ 85,000
Interest Rate Swap Four
Derivative [Line Items]
Maturity Date				Nov. 01, 2024		Aug. 01, 2022
Notional Amount				$ 2,500,000		$ 27,531,000
Paid	(24,000)	(306,000)		(48,000)		(613,000)
Received	47,000	214,000		90,000		373,000
Net	23,000		(92,000)	$ 42,000		$ (240,000)
Interest Rate Swap Five
Derivative [Line Items]
Maturity Date				Aug. 01, 2026		Aug. 01, 2022
Notional Amount				$ 300,000,000		$ 2,160,000
Paid	(5,341,000)	(24,000)		(10,262,000)		(48,000)
Received	1,854,000	17,000		3,708,000		29,000
Net	$ (3,487,000)		(7,000)	$ (6,554,000)		$ (19,000)
Interest Rate Swap Six
Derivative [Line Items]
Maturity Date						Aug. 01, 2022
Notional Amount						$ 42,819,000
Paid		(481,000)				(963,000)
Received		339,000				588,000
Net			(142,000)			$ (375,000)
Interest Rate Swap Seven
Derivative [Line Items]
Maturity Date						Jan. 22, 2023
Notional Amount						$ 150,000,000
Paid		(1,141,000)				(1,971,000)
Received		1,687,000				3,375,000
Net			546,000			$ 1,404,000
Interest Rate Swap Eight
Derivative [Line Items]
Maturity Date						Nov. 01, 2024
Notional Amount						$ 300,000,000
Paid		(2,521,000)				(4,334,000)
Received		2,906,000				5,813,000
Net			385,000			$ 1,479,000
Interest Rate Swap Nine
Derivative [Line Items]
Maturity Date						Nov. 01, 2024
Notional Amount						$ 50,000,000
Paid		(447,000)				(767,000)
Received		484,000				969,000
Net			37,000			$ 202,000
Interest Rate Swap Ten
Derivative [Line Items]
Maturity Date						Nov. 01, 2024
Notional Amount						$ 2,500,000
Paid		(25,000)				(48,000)
Received		21,000				36,000
Net			(4,000)			$ (12,000)
Interest Rate Swap Eleven
Derivative [Line Items]
Maturity Date						Aug. 01, 2026
Notional Amount						$ 300,000,000
Paid		(2,253,000)				(3,779,000)
Received		$ 1,917,000				3,708,000
Net			$ (336,000)			$ (71,000)

[1] As of June 30, 2023, these interest rate swaps had either matured or been terminated due to repayment of the underlying investment or security.

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Derivatives - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Derivative [Line Items]
Unrealized gains (losses) on derivatives	$ (57)	$ (1,650)	$ 174	$ (4,594)
Asset Pledged as Collateral
Derivative [Line Items]
Cash	15,100		15,100		$ 15,400
Interest Rate Swap
Derivative [Line Items]
Derivative, fair value	(52,700)		(52,700)		$ (55,300)
Interest Rate Swap | 2024 Notes
Derivative [Line Items]
Increase (decrease) in carrying value of notes	(1,300)	(3,700)	1,800	(16,900)
Interest Rate Swap | 2026 Notes
Derivative [Line Items]
Increase (decrease) in carrying value of notes	(3,500)	(4,400)	(600)	(18,400)
Interest Rate Swap | Not Designated As Hedging Instrument
Derivative [Line Items]
Unrealized gains (losses) on derivatives	(100)	(1,700)	200	(4,600)
Interest Rate Swap | Designated As Hedging Instrument
Derivative [Line Items]
Unrealized gains (losses) on derivatives	$ (4,800)	$ (8,100)	$ 2,400	$ (35,300)

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Fair Value of Financial Instruments - Fair Value Measurements of Investments (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and other investments	$ 154,707	$ 167,685
Structured credit investments	54,183	51,426
Total investments at fair value	3,088,987	2,787,925
Interest rate swaps	(52,649)	(55,314)
Total	3,036,338	2,732,611
Level 1
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and other investments	8,053	7,498
Total investments at fair value	8,053	7,498
Total	8,053	7,498
Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and other investments	10,468	13,128
Structured credit investments	54,183	51,426
Total investments at fair value	87,413	86,489
Interest rate swaps	(52,649)	(55,314)
Total	34,764	31,175
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Equity and other investments	136,186	147,059
Total investments at fair value	2,993,521	2,693,938
Total	2,993,521	2,693,938
First-lien Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	2,800,152	2,517,894
First-lien Debt Investments | Level 2
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	22,762	21,935
First-lien Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	2,777,390	2,495,959
Second-lien Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	39,708	40,762
Second-lien Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	39,708	40,762
Mezzanine Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	40,237	10,158
Mezzanine Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Debt investments	$ 40,237	$ 10,158

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Fair Value of Financial Instruments - Changes in Fair Value of Investments Using Level 3 Inputs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	$ 2,821,516	$ 2,418,696	$ 2,693,938	$ 2,434,638
Purchases or originations	279,221	327,230	454,175	411,452
Repayments / redemptions	(119,056)	(215,784)	(5,809)	(361,879)
Sale Proceeds	(554)	(758)	(176,394)	(18,315)
Paid-in-kind interest	3,335	3,666	6,634	6,762
Net change in unrealized gains (losses)	$ 4,171	$ (53,456)	$ 8,180	$ (54,313)
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation	Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation	Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation	Net Change In Unrealized Gains Losses On Investments And Foreign Currency Translation
Net realized gains (losses)	$ 349	$ 357	$ 5,048	$ 14,135
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Net Realized Gains Losses on Investments and Foreign Currency Translation	Net Realized Gains Losses on Investments and Foreign Currency Translation	Net Realized Gains Losses on Investments and Foreign Currency Translation	Net Realized Gains Losses on Investments and Foreign Currency Translation
Net amortization of discount on securities	$ 3,808	$ 4,607	$ 7,018	$ 9,349
Transfers into (out of) Level 3	731		731	42,729
Balance, End of Period	2,993,521	2,484,558	2,993,521	2,484,558
First-lien Debt Investments
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	2,628,849	2,239,027	2,495,959	2,298,856
Purchases or originations	249,417	298,675	417,459	378,622
Repayments / redemptions	(119,056)	(215,774)		(361,869)
Sale Proceeds			(176,394)
Paid-in-kind interest	3,081	3,605	6,297	6,637
Net change in unrealized gains (losses)	11,366	(35,068)	27,147	(36,614)
Net realized gains (losses)	(25)	2	(25)	113
Net amortization of discount on securities	3,758	4,590	6,947	9,312
Balance, End of Period	2,777,390	2,295,057	2,777,390	2,295,057
Second-lien Debt Investments
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	44,805	42,511	40,762
Purchases or originations		54	4,850	54
Repayments / redemptions		(10)		(10)
Paid-in-kind interest	194		194
Net change in unrealized gains (losses)	(5,315)	(1,048)	(6,142)	(1,285)
Net amortization of discount on securities	24	16	44	35
Transfers into (out of) Level 3				42,729
Balance, End of Period	39,708	41,523	39,708	41,523
Mezzanine Debt Investments
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	11,093	14,139	10,158	18,549
Purchases or originations	29,111		29,806
Paid-in-kind interest	60	61	143	125
Net change in unrealized gains (losses)	(53)	(3,804)	103	(6,145)
Net realized gains (losses)
Net amortization of discount on securities	26	1	27	2
Transfers within Level 3				(2,134)
Balance, End of Period	40,237	10,397	40,237	10,397
Equity and Other Investments
Fair Value Assets Measured On Recurring Basis Unobservable Input Reconciliation [Line Items]
Balance, beginning of period	136,769	123,019	147,059	117,233
Purchases or originations	693	28,501	2,060	32,776
Repayments / redemptions			(5,809)
Sale Proceeds	(554)	(758)		(18,315)
Net change in unrealized gains (losses)	(1,827)	(13,536)	(12,928)	(10,269)
Net realized gains (losses)	374	355	5,073	14,022
Transfers within Level 3				2,134
Transfers into (out of) Level 3	731		731
Balance, End of Period	$ 136,186	$ 137,581	$ 136,186	$ 137,581

XML

Fair Value of Financial Instruments - Net Change in Unrealized Gains or Losses on Investments for Which Level 3 Inputs were Used in Determining Fair Value (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)			$ 23,628		$ 13,199
Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)	$ 4,606	$ (50,807)	14,654	$ (33,920)
Level 3 | First-lien Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)	11,843	(32,820)	29,123	(30,834)
Level 3 | Second-lien Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)	(5,315)	(1,049)	(6,142)	(1,285)
Level 3 | Mezzanine Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)	(53)	(3,804)	103	(6,145)
Level 3 | Equity and Other Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Net Unrealized Gain (Loss)	$ (1,869)	$ (13,134)	$ (8,430)	$ 4,344

XML

Fair Value of Financial Instruments - Fair Value of Level 3 Investments at Fair Value and Significant Unobservable Inputs Used in Valuations (Details) - Level 3 $ in Thousands	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 2,993,521	$ 2,693,938
Income Approach | First-lien Debt Investments | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 2,777,390	$ 2,495,959
Income Approach | First-lien Debt Investments | Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.097	0.093
Income Approach | First-lien Debt Investments | Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.204	0.185
Income Approach | First-lien Debt Investments | Discount Rate | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.148	0.151
Income Approach | Second-lien Debt Investments | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 39,708	$ 40,762
Income Approach | Second-lien Debt Investments | Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.155	0.196
Income Approach | Second-lien Debt Investments | Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.155	0.196
Income Approach | Second-lien Debt Investments | Discount Rate | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.155	0.196
Income Approach | Mezzanine Debt Investments | Discount Rate
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 40,237	$ 10,158
Income Approach | Mezzanine Debt Investments | Discount Rate | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.143	0.145
Income Approach | Mezzanine Debt Investments | Discount Rate | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.225	0.18
Income Approach | Mezzanine Debt Investments | Discount Rate | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.155	0.16
Market Multiple | Equity and Other Investments | Comparable Multiple
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Fair Value	$ 136,186	$ 147,059
Market Multiple | Equity and Other Investments | Comparable Multiple | Minimum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.02	0.02
Market Multiple | Equity and Other Investments | Comparable Multiple | Maximum
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	0.25	0.266
Market Multiple | Equity and Other Investments | Comparable Multiple | Weighted Average
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Investment measurement input	(0.071)	(0.079)

XML

Fair Value of Financial Instruments - Fair Value of Level 3 Investments at Fair Value and Significant Unobservable Inputs Used in Valuations (Parenthetical) (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
First-lien Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	$ 2,800,152	$ 2,517,894
First-lien Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	2,777,390	2,495,959
Mezzanine Debt Investments
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	40,237	10,158
Mezzanine Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	40,237	10,158
Asset Valuation Waterfall | First-lien Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	77,700	21,000
Asset Valuation Waterfall | Mezzanine Debt Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Debt investments	34,600	100
Asset Valuation Waterfall | Equity and Other Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Equity investment	19,700	38,400
Black Scholes Model | Equity and Other Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Equity investment	2,000	7,500
Discounted Cash Flow Model | Equity and Other Investments | Level 3
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Valuation Techniques [Line Items]
Equity investment	$ 13,900	$ 13,100

XML

Fair Value of Financial Instruments - Fair Value of Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Fair Value Disclosure Asset And Liability Not Measured At Fair Value [Line Items]
Outstanding Principal	$ 647,500	$ 797,500
Fair Value	597,781	744,243
2023 Notes
Fair Value Disclosure Asset And Liability Not Measured At Fair Value [Line Items]
Outstanding Principal		150,000
Fair Value		149,640
2024 Notes
Fair Value Disclosure Asset And Liability Not Measured At Fair Value [Line Items]
Outstanding Principal	347,500	347,500
Fair Value	335,251	332,853
2026 Notes
Fair Value Disclosure Asset And Liability Not Measured At Fair Value [Line Items]
Outstanding Principal	300,000	300,000
Fair Value	$ 262,530	$ 261,750

XML

Debt - Additional Information (Details) $ / shares in Units, € in Millions, £ in Millions, $ in Millions, $ in Millions						1 Months Ended		3 Months Ended			6 Months Ended			12 Months Ended
	Sep. 25, 2023	Aug. 01, 2022 USD ($) $ / shares shares	Jan. 26, 2022 USD ($) $ / shares	Feb. 03, 2021 USD ($)	Feb. 05, 2020 USD ($)	Nov. 30, 2019 USD ($)	Jan. 31, 2018 USD ($)	Jun. 30, 2023 USD ($)		Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)		Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)		Dec. 31, 2020 USD ($)	Jun. 30, 2023 AUD ($)	Jun. 30, 2023 GBP (£)	Jun. 30, 2023 CAD ($)	Jun. 30, 2023 EUR (€)	Jun. 12, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jun. 30, 2018 USD ($)	Feb. 28, 2017 USD ($)
Debt Instrument [Line Items]
Asset coverage percentage								186.10%			186.10%			188.60%			186.10%	186.10%	186.10%	186.10%
Aggregate principal amount								$ 2,357,500,000			$ 2,357,500,000			$ 2,382,500,000
Line of credit facility, remaining borrowing capacity								659,216,000	[1]		659,216,000	[1]		865,672,000	[2]
Stockholders' equity								$ 1,460,529,000		$ 1,241,959,000	$ 1,460,529,000		$ 1,241,959,000	1,341,569,000								$ 1,356,005,000	$ 1,283,985,000	$ 1,275,848,000
2022 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 79,200,000																								$ 115,000,000
Debt instrument, interest rate								4.50%			4.50%						4.50%	4.50%	4.50%	4.50%
Additional aggregate principal amount																									$ 57,500,000
Debt instrument, maturity date											Aug. 01, 2022
Debt instrument, conversion price | $ / shares		$ 17.92	$ 20
Debt instrument, principal converted amount		$ 77,600,000
Debt conversion, shares Issued | shares		4,360,125
Debt conversion principal amount			$ 1,000,000
2023 Notes
Debt Instrument [Line Items]
Aggregate principal amount							$ 150,000,000							$ 150,000,000
Debt instrument, interest rate							4.50%							4.50%
Debt instrument, maturity date							Jan. 22, 2023
Proceeds from issuance of debt, net of underwriting discount, offering costs and original issue discount							$ 146,900,000
2023 Notes | LIBOR
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis														three month LIBOR
Debt Instrument, basis spread on variable rate														1.99%
2024 Notes
Debt Instrument [Line Items]
Aggregate principal amount					$ 50,000,000	$ 300,000,000		$ 347,500,000			$ 347,500,000			$ 347,500,000		$ 2,400,000
Debt instrument, interest rate						3.875%		3.875%			3.875%			3.875%			3.875%	3.875%	3.875%	3.875%
Debt instrument, maturity date					Nov. 01, 2024	Nov. 01, 2024
Derivative maturity date					Nov. 01, 2024
Extinguishment of debt, amount																$ 2,500,000
Proceeds from issuance of debt, net of underwriting discount, offering costs and original issue discount					$ 50,100,000	$ 292,900,000
Notional amount of interest rate swap					$ 50,000,000	$ 300,000,000
Gain (loss) on fair value effective hedge											$ (17,600,000)			$ (19,400,000)
2024 Notes | LIBOR
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis											three-month LIBOR			three-month LIBOR
Debt Instrument, basis spread on variable rate					2.28%						2.28%			2.28%
2024 Notes | SOFR
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	three-month SOFR
Debt Instrument, basis spread on variable rate	2.54%										2.54%
2026 Notes
Debt Instrument [Line Items]
Aggregate principal amount				$ 300,000,000				$ 300,000,000			$ 300,000,000			$ 300,000,000
Debt instrument, interest rate				2.50%				2.50%			2.50%			2.50%			2.50%	2.50%	2.50%	2.50%
Debt instrument, maturity date				Aug. 01, 2026
Derivative maturity date				Aug. 01, 2026
Proceeds from issuance of debt, net of underwriting discount, offering costs and original issue discount				$ 293,700
Notional amount of interest rate swap				$ 300,000,000
Gain (loss) on fair value effective hedge											$ (35,100,000)			$ (35,700,000)
2026 Notes | LIBOR
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis											three-month LIBOR			three-month LIBOR
Debt Instrument, basis spread on variable rate											1.91%			1.91%
2026 Notes | SOFR
Debt Instrument [Line Items]
Debt instrument, description of variable rate basis	three-month SOFR										three-month SOFR
Debt Instrument, basis spread on variable rate	2.17%										2.17%
2023 Notes, 2024 Notes and 2026 Notes
Debt Instrument [Line Items]
Proceeds from settlements of interest rate swaps excluding upfront fees								$ 5,300,000		7,000,000	$ 11,000,000		13,900,000
Payments for settlements of interest rate swaps excluding upfront fees								11,900,000		$ 6,400,000	23,700,000		$ 10,900,000
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity								1,465,000,000			1,465,000,000										$ 1,710,000,000	$ 1,585,000,000
Aggregate principal amount								1,710,000,000			1,710,000,000			$ 1,585,000,000
Line of credit facility, remaining borrowing capacity								659,216,000	[1]		659,216,000	[1]		865,672,000	[2]
Line of credit, outstanding amount																	$ 67.5	£ 14	$ 101.7	€ 28
Issuance of letters of credit								$ 200,000			$ 200,000
Line of credit facility, undrawn amount percentage											0.375%
Percentage of net proceeds of sale of equity interests											25.00%
Revolving Credit Facility | Maximum
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity																					$ 2,000,000,000
Issuance of letters of credit														$ 100,000
Interest amount											1.875%
Asset coverage ratio								1.5			1.5						1.5	1.5	1.5	1.5
Revolving Credit Facility | Maximum | Base Rate
Debt Instrument [Line Items]
Line of credit facility, base rate percentage								0.875%			0.875%						0.875%	0.875%	0.875%	0.875%
Revolving Credit Facility | Minimum
Debt Instrument [Line Items]
Interest amount											1.75%
Stockholders' equity								$ 500,000,000			$ 500,000,000
Revolving Credit Facility | Minimum | Obligor Group
Debt Instrument [Line Items]
Asset coverage ratio								2			2						2	2	2	2
Revolving Credit Facility | Minimum | Base Rate
Debt Instrument [Line Items]
Line of credit facility, base rate percentage								0.75%			0.75%						0.75%	0.75%	0.75%	0.75%
Revolving Credit Facility Maturity on April 23, 2027
Debt Instrument [Line Items]
Line of credit facility, stated maturity date											Apr. 23, 2027
Line of credit facility, remaining borrowing capacity								$ 170,000,000			$ 170,000,000
Line of credit facility, expiration date											Apr. 24, 2026
Revolving Credit Facility Maturity on June 12, 2028
Debt Instrument [Line Items]
Line of credit facility, extended date											Jun. 11, 2027
Line of credit facility, stated maturity date											Jun. 12, 2028
Line of credit facility, remaining borrowing capacity								245,000,000			$ 245,000,000
Revolving Credit Facility Maturity on January 31, 2025
Debt Instrument [Line Items]
Line of credit facility, stated maturity date											Jan. 31, 2025
Line of credit facility, remaining borrowing capacity								25,000,000			$ 25,000,000
Line of credit facility, expiration date											Jan. 31, 2024
Revolving Credit Facility Maturity on February 4, 2026
Debt Instrument [Line Items]
Line of credit facility, stated maturity date											Feb. 04, 2026
Line of credit facility, remaining borrowing capacity								50,000,000			$ 50,000,000
Line of credit facility, expiration date											Feb. 04, 2025
Letter of Credit
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity								$ 75,000,000			$ 75,000,000

[1] The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

[2] The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

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Debt - Schedule of Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Interest expense	$ 23,915	$ 10,045	$ 44,320	$ 19,807
Commitment fees	612	1,251	1,266	2,376
Amortization of deferred financing costs	1,085	1,439	2,312	2,882
Accretion of original issue discount	195	191	387	378
Swap settlement	6,635	(963)	12,643	(3,878)
Total Interest Expense	32,442	11,963	60,928	21,565
Average debt outstanding (in millions)	$ 1,713,000	$ 1,156,500	$ 1,642,000	$ 1,183,600
Weighted average interest rate	7.10%	3.10%	6.90%	2.70%
2023 Notes, 2024 Notes and 2026 Notes
Debt Instrument [Line Items]
Interest expense	$ 5,241	$ 6,929	$ 10,877	$ 13,858
Amortization of deferred financing costs	440	600	913	1,194
Accretion of original issue discount	195	191	387	378
Total Interest Expense	$ 5,876	$ 7,720	$ 12,177	$ 15,430

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Debt - Schedule of Component of Carrying Value of Convertible Notes and Interest Rates (Details) - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022		Feb. 03, 2021	Nov. 30, 2019	Jan. 31, 2018
Debt Instrument [Line Items]
Principal amount of debt		$ 1,698,284		$ 1,516,828
Deferred financing costs		(20,531)		(17,760)
Carrying value of debt		1,623,301	[1],[2]	1,441,796	[3],[4]
2023 Notes
Debt Instrument [Line Items]
Principal amount of debt				150,000
Original issue discount, net of accretion				(1)
Deferred financing costs				(39)
Fair value of an effective hedge				0
Carrying value of debt	[3],[4]			$ 149,960
Stated interest rate				4.50%				4.50%
2024 Notes
Debt Instrument [Line Items]
Principal amount of debt		347,500		$ 347,500
Original issue discount, net of accretion		(531)		(721)
Deferred financing costs		(1,363)		(1,869)
Fair value of an effective hedge		(17,599)		(19,418)
Carrying value of debt		$ 328,007	[1],[2]	$ 325,492	[3],[4]
Stated interest rate		3.875%		3.875%			3.875%
2026 Notes
Debt Instrument [Line Items]
Principal amount of debt		$ 300,000		$ 300,000
Original issue discount, net of accretion		(1,272)		(1,468)
Deferred financing costs		(2,310)		(2,679)
Fair value of an effective hedge		(35,050)		(35,665)
Carrying value of debt		$ 261,368	[1],[2]	$ 260,188	[3],[4]
Stated interest rate		2.50%		2.50%		2.50%

[1] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[2] The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

[3] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[4] The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

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Debt - Schedule of Debt Obligations (Details) - USD ($) $ in Thousands		Jun. 30, 2023		Dec. 31, 2022		Feb. 03, 2021	Dec. 31, 2020	Feb. 05, 2020	Nov. 30, 2019	Jan. 31, 2018
Debt Instrument [Line Items]
Aggregate Principal Amount Committed		$ 2,357,500		$ 2,382,500
Outstanding Principal		1,698,284		1,516,828
Amount Available		659,216	[1]	865,672	[2]
Carrying Value		1,623,301	[3],[4]	1,441,796	[5],[6]
Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate Principal Amount Committed		1,710,000		1,585,000
Outstanding Principal		1,050,784		719,328
Amount Available		659,216	[1]	865,672	[2]
Carrying Value		1,033,926	[3],[4]	706,156	[5],[6]
2023 Notes
Debt Instrument [Line Items]
Aggregate Principal Amount Committed				150,000						$ 150,000
Outstanding Principal				150,000
Carrying Value	[5],[6]			149,960
2024 Notes
Debt Instrument [Line Items]
Aggregate Principal Amount Committed		347,500		347,500			$ 2,400	$ 50,000	$ 300,000
Outstanding Principal		347,500		347,500
Carrying Value		328,007	[3],[4]	325,492	[5],[6]
2026 Notes
Debt Instrument [Line Items]
Aggregate Principal Amount Committed		300,000		300,000		$ 300,000
Outstanding Principal		300,000		300,000
Carrying Value		$ 261,368	[3],[4]	$ 260,188	[5],[6]

[1] The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

[2] The amount available may be subject to limitations related to the borrowing base under the Revolving Credit Facility and asset coverage requirements.

[3] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(17.6) million and $(35.1) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[4] The carrying values of the Revolving Credit Facility, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $16.9 million, $1.9 million and $3.6 million, respectively.

[5] The carrying values of the 2024 Notes and 2026 Notes are presented inclusive of an incremental $(19.4) million and $(35.7) million, respectively, which represents an adjustment in the carrying values of the 2024 Notes and 2026 Notes, each resulting from a hedge accounting relationship.

[6] The carrying values of the Revolving Credit Facility, 2023 Notes, 2024 Notes and 2026 Notes are presented net of the combination of deferred financing costs and original issue discounts totaling $13.2 million, less than $0.1 million, $2.6 million and $4.1 million, respectively.

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Debt - Schedule of Debt Obligations (Parenthetical) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
2023 Notes | Maximum
Debt Instrument [Line Items]
Deferred financing costs and original issue discounts		$ 0.1
2024 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discounts	$ 1.9	2.6
Adjustment in carrying value result from hedge accounting	(17.6)	(19.4)
2026 Notes
Debt Instrument [Line Items]
Deferred financing costs and original issue discounts	3.6	4.1
Adjustment in carrying value result from hedge accounting	(35.1)	(35.7)
Revolving Credit Facility
Debt Instrument [Line Items]
Deferred financing costs and original issue discounts	$ 16.9	$ 13.2

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Commitments and Contingencies - Schedule of Commitments To Fund Investments In Current Portfolio Companies (Details) - USD ($) $ in Thousands		Jun. 30, 2023	Dec. 31, 2022
Loss Contingencies [Line Items]
Total Portfolio Company Commitments	[1],[2]	$ 299,306	$ 338,043
Alaska Bidco Oy | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		298
Alpha Midco Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		690	910
American Achievement Corp | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,403	2,403
Arrow Buyer, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		7,645
ASG II, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		5,189	6,952
Avalara, Inc | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		3,864	3,864
Axonify, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		4,106	6,113
Banyan Software Holdings, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		20,000
Bayshore Intermediate #2, LP | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		1,930	1,618
BCTO Ace Purchaser, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		3,608	6,556
Bear OpCo, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		1,901	2,606
BlueSnap, Inc. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,500	2,500
BTRS Holdings, Inc. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		6,032	8,638
Carlstar Group, LLC | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		8,500	8,500
Cordance Operations, LLC | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		5,783	12,093
Coupa Holdings, LLC | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		6,809
CrunchTime Information Systems, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		154	7,101
Disco Parent, Inc. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		455
Dye & Durham Corp. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,566	6,280
EDB Parent, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		14,766	18,037
Edge Bidco B.V. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		1,352
Elysian Finco Ltd. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		5,818	6,792
Employment Hero Holdings Pty Ltd. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		8,653	8,816
EMS Linq, Inc. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		3,514	8,784
Erling Lux Bidco SARL | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		5,743	5,618
ExtraHop Networks Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		13,837	17,050
ForeScout Technologies, Inc. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		3,425	3,425
G Treasury SS, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments			3,400
Galileo Parent, Inc. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		5,625
Hirevue, Inc. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		6,887
Hornetsecurity Holding GmbH | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,087	2,041
Ibis Intermediate Co. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		6,338	6,338
IRGSE Holding Corp. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		1,868	253
Kyriba Corp. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		45	45
Laramie Energy, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		7,683
LeanTaaS Holdings, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		41,076	47,218
Lithium Technologies, LLC | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		990	1,979
Lucidworks, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		833	833
Murchison Oil and Gas, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		3,257	9,772
Netwrix Corp. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		12,690	13,881
Neuintel, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments			4,200
OutSystems Luxco SARL | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,185	2,137
PageUp People, Ltd. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments			5,764
Passport Labs, Inc. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,778	2,778
Ping Identity Holding Corp | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		2,273	2,273
PrimePay Intermediate, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments			2,474
PrimeRevenue, Inc. | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		6,250	6,250
Project44, Inc. | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		19,861	19,861
ReliaQuest Holdings, LLC | Delayed Draw
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		13,971	22,752
Tango Management Consulting, LLC | Delayed Draw & Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		16,804	26,576
TRP Assets, LLC | Delayed Draw and Membership Interest
Loss Contingencies [Line Items]
Total Portfolio Company Commitments		$ 4,264	7,806
WideOrbit, Inc. | Revolver
Loss Contingencies [Line Items]
Total Portfolio Company Commitments			$ 4,756

[1] Represents the full amount of the Company’s commitments to fund investments on such date. Commitments may be subject to limitations on borrowings set forth in the agreements between the Company and the applicable portfolio company. As a result, portfolio companies may not be eligible to borrow the full commitment amount on such date.

[2] The Company’s estimate of the fair value of the current investments in these portfolio companies includes an analysis of the fair value of any unfunded commitments.

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Commitments and Contingencies - Additional Information (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Unfunded Loan Commitments
Loss Contingencies [Line Items]
Other commitments	$ 0	$ 0

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Net Assets - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions							3 Months Ended	6 Months Ended
	Jun. 12, 2023	May 15, 2023	Aug. 01, 2022	Mar. 24, 2021	Feb. 23, 2021	Aug. 04, 2015	Dec. 31, 2021	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Class Of Stock [Line Items]
Common stock, shares issued		4,500,000			4,000,000			87,905,481		82,053,537
Cash proceeds from issuance of common stock, net of underwriting fees and offering costs		$ 77.6			$ 84.9
Stock issued upon conversion of convertible notes, shares			4,360,125				2,324,820
Stock issued upon conversion of convertible notes, value			$ 77.6
Percentage of current market price per share								95.00%
Stock repurchase program, authorized amount						$ 50.0		$ 50.0
Stock repurchase program period						6 months
Stock repurchase program, expiration date								May 08, 2023
Number of shares repurchased								0	0
Overallotment Option
Class Of Stock [Line Items]
Common stock, shares issued	675,000			49,689
Cash proceeds from issuance of common stock, net of underwriting fees and offering costs	$ 11.7			$ 1.0
Common Stock
Class Of Stock [Line Items]
Shares issued, price per share		$ 17.33			$ 21.3
2022 Convertible Notes
Class Of Stock [Line Items]
Value of debt converted			$ 79.2				$ 42.8

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Net Assets - Schedule of Shares Issued to Stockholders (Details) - shares						6 Months Ended
	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022	Nov. 02, 2021	Jun. 30, 2023	Jun. 30, 2022
Class Of Stock [Line Items]
Shares issued						676,944	567,973
Base
Class Of Stock [Line Items]
Dividends date declared	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022	Nov. 02, 2021
Dividends record date	Jun. 15, 2023	Mar. 15, 2023	Jun. 15, 2022	Mar. 15, 2022	Dec. 15, 2021
Dividends date shares issued	Jun. 30, 2023	Mar. 31, 2023		Apr. 18, 2022	Jan. 14, 2022
Shares issued	290,680	300,988		239,376	233,542
Supplemental
Class Of Stock [Line Items]
Dividends date declared	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022
Dividends record date	May 31, 2023	Feb. 28, 2023	May 31, 2022	Feb. 28, 2022
Dividends date shares issued	Jun. 20, 2023	Mar. 20, 2023	Jun. 30, 2022	Mar. 31, 2022
Shares issued	23,686	61,590	29,459	65,596

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Earnings Per Share - Computation of Basic and Diluted Earnings Per Common Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Earnings per common share-basic
Numerator for basic earnings per share	$ 53,090	$ (13,525)	$ 106,042	$ 27,360
Denominator for basic weighted average shares	84,223,032	76,265,661	82,819,734	76,119,681
Earnings (Loss) per common share-basic	$ 0.63	$ (0.18)	$ 1.28	$ 0.36
Earnings per common share-diluted
Numerator for increase in net assets per share	$ 53,090	$ (13,525)	$ 106,042	$ 27,360
Numerator for diluted earnings per share	$ 53,090	$ (12,526)	$ 106,042	$ 29,357
Denominator for basic weighted average shares	84,223,032	76,265,661	82,819,734	76,119,681
Denominator for diluted weighted average shares	84,223,032	81,846,634	82,819,734	81,700,654
Earnings per common share-diluted	$ 0.63	$ (0.15)	$ 1.28	$ 0.36
2022 Convertible Notes
Earnings per common share-diluted
Adjustment for interest expense and deferred financing costs on 2022 Convertible Notes, incentive fee and excise tax, net		$ 999		$ 1,997
Adjustment for dilutive effect of 2022 Convertible Notes		5,580,973		5,580,973

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Dividends - Summary of Dividends Declared (Details) - $ / shares	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022	Nov. 02, 2021	Jun. 30, 2023	Jun. 30, 2022
Dividends Payable [Line Items]
Dividend per Share						$ 1.05	$ 0.97
Supplemental
Dividends Payable [Line Items]
Date Declared	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022
Dividend	Supplemental	Supplemental	Supplemental	Supplemental
Record Date	May 31, 2023	Feb. 28, 2023	May 31, 2022	Feb. 28, 2022
Payment Date	Jun. 20, 2023	Mar. 20, 2023	Jun. 30, 2022	Mar. 31, 2022
Dividend per Share	$ 0.04	$ 0.09	$ 0.04	$ 0.11
Base
Dividends Payable [Line Items]
Date Declared	May 08, 2023	Feb. 16, 2023	May 03, 2022	Feb. 17, 2022	Nov. 02, 2021
Dividend	Base	Base	Base	Base
Record Date	Jun. 15, 2023	Mar. 15, 2023	Jun. 15, 2022	Mar. 15, 2022	Dec. 15, 2021
Payment Date	Jun. 30, 2023	Mar. 31, 2023	Jul. 15, 2022	Apr. 18, 2022
Dividend per Share	$ 0.46	$ 0.46	$ 0.41	$ 0.41

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Financial Highlights - Summary of Financial Highlights for One Share Common Stock Outstanding (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Investment Company, Financial Highlights [Abstract]
Net asset value, beginning of period	$ 16.48	$ 16.84
Net investment income	1.11	1.01
Net realized and unrealized gain (loss)	0.17	(0.65)
Total from operations	1.28	0.36
Issuance of common stock, net of offering costs	0.02	0.04
Dividends declared from net investment income	(1.05)	(0.97)
Total increase (decrease) in net assets	0.25	(0.57)
Net Asset Value, End of Period	16.74	16.27
Per share market value at end of period	$ 18.69	$ 18.5
Total return based on market value with reinvestment of dividends	11.43%	(17.06%)
Total return based on market value	10.90%	(16.76%)
Total return based on net asset value	7.95%	2.38%
Shares Outstanding, End of Period	87,241,231	76,339,515
Ratio of net expenses to average net assets	16.22%	8.65%
Ratio of net investment income to average net assets	13.24%	12.08%
Portfolio turnover	12.65%	31.11%
Net assets, end of period	$ 1,460,529	$ 1,241,959

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Financial Highlights - Summary of Financial Highlights for One Share Common Stock Outstanding (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Investment Company, Financial Highlights [Abstract]
Ratio of net expenses to average net asset, excluding waiver	16.30%	8.65%