Investment Portfolio (Tables)

12 Months Ended

Dec. 31, 2023

Summary of the Composition of Investment Portfolio

The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of December 31, 2023 and December 31, 2022:



	December 31, 2023						December 31, 2022
	Amortized Cost(1)		Fair Value		Percentage of Portfolio		Amortized Cost(1)		Fair Value		Percentage of Portfolio
Senior Secured Loans—First Lien	$	201,782	$	204,314	77.4	%	$	2,634	$	2,646	39.5	%


Subordinated Debt	973		961		0.4	%	—		—		—
Asset Based Finance	57,706		58,655		22.2	%	4,064		4,056		60.5	%

Total	$	260,461	$	263,930	100.0	%	$	6,698	$	6,702	100.0	%

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(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.

The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of December 31, 2023 and December 31, 2022:



	December 31, 2023				December 31, 2022
Industry Classification(1)	Fair Value		Percentage of Portfolio		Fair Value		Percentage of Portfolio

Banks	$	2,093	0.8	%	$	—	—
Capital Goods	55,589		21.1	%	1,729		25.8	%
Commercial & Professional Services	76,758		29.1	%	627		9.4	%
Consumer Discretionary Distribution & Retail	2,179		0.8	%	—		—

Consumer Services	12,953		4.9	%	—		—
Consumer Staples Distribution & Retail	16,673		6.3	%	761		11.4	%



Financial Services	17,055		6.5	%	993		14.8	%



Insurance	29,092		11.0	%	177		2.6	%


Pharmaceuticals, Biotechnology & Life Sciences	21,875		8.3	%	—		—
Real Estate Management & Development	3,467		1.3	%	2,415		36.0	%

Software & Services	12,698		4.8	%	—		—


Transportation	13,498		5.1	%	—		—

Total	$	263,930	100.0	%	$	6,702	100.0	%

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(1)S&P Dow Jones recently updated the Global Industry Classification Standard, or GICS, structure. As a result, certain investments categorization as of December 31, 2022 have been updated to reflect their new classification in the above table, for comparability purposes.