[1]

As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” and may have “Control” of this portfolio company as the Company and/or its affiliated funds collectively 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). The Company’s investments in affiliates for the nine months ended September 30, 2025 were Arrow Home Health, LLC, Caregility Corporation, Delva Master Holdings, LaSalle Staffing, LLC, Microf, LLC, Uncle John’s Pride, LLC, USBid Inc, MPUSA LLC and Watt Acquisition, LLC which represented $61,784,818 of Fair Value and 25.3% of Net Assets of the Company. Transactions related to investments in “Controlled/Affiliate Investments” for the nine months ended September 30, 2025 were as follows:

[2]

Investment is held by a subsidiary of the Company. See Note 2 “Significant Accounting Policies” in the accompanying notes to the consolidated financial statements for additional information on the Company’s wholly-owned subsidiary.

[3]

The Company has determined the indicated investments are non-qualifying assets under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of the Company’s total assets.

[4]

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.

[5]

Because there is no readily available market value for these investments, the fair value of each of these investments is determined in good faith using significant unobservable inputs by the Company’s board of directors (the “Board”) as required by the 1940 Act. See Note 4 “Fair Value Measurements” in the accompanying notes to the consolidated financial statements.