0001487918-26-000054 | 10-Q | XBRL Viewer

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Other Commitments [Line Items]
Commitment	$ 7,813	$ 13,226
Investment, Identifier [Axis]: 12 Interactive, LLC (D/B/A PerkSpot), First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	660	660
Investment, Identifier [Axis]: Associated Spring, LLC, First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment	1,276	1,483
Investment, Identifier [Axis]: Avison Young Inc. , First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment		34
Investment, Identifier [Axis]: Boca Home Care Holdings, Inc., First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	1,065	1,065
Investment, Identifier [Axis]: Clevertech Bidco, LLC, First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	182	182
Investment, Identifier [Axis]: Envocore Holding, LLC (F/K/A LRI Holding, LLC), First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment		2,569
Investment, Identifier [Axis]: Honor HN Buyer Inc., First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment	600	3,062
Investment, Identifier [Axis]: Honor HN Buyer Inc., First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	104	328
Investment, Identifier [Axis]: I Love Produce, LLC First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment	152
Investment, Identifier [Axis]: I Love Produce, LLC First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	34
Investment, Identifier [Axis]: Integrated Energy Services, LLC, First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment	300	300
Investment, Identifier [Axis]: Integrated Energy Services, LLC, First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	150	150
Investment, Identifier [Axis]: Medrina LLC, First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	319	319
Investment, Identifier [Axis]: PSB Group, LLC, First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	653	653
Investment, Identifier [Axis]: SS Acquisition, LLC, First Lien Debt
Other Commitments [Line Items]
Commitment	1,286
Investment, Identifier [Axis]: SS Acquisition, LLC, First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	1,286	1,286
Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt (Delayed Draw)
Other Commitments [Line Items]
Commitment	157	157
Investment, Identifier [Axis]: Tolemar Acquisition, Inc., First Lien Debt (Revolver)
Other Commitments [Line Items]
Commitment	$ 875	$ 978

Related Party Transactions - Expenses and Distributions (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Base management fees

^[1]

$ 1,435

$ 1,549

Base management fee waiver

(220)

Income Incentive Fee

408

330

Administration fees

326

394

Distributions paid to affiliates

$ 515

$ 1,029

[1]

For the three months ended March 31, 2025, the Company’s base management fee on OFSCC-FS Assets was reduced by $267, pursuant to the fee reduction agreed to by OFS Advisor on such assets for the year ended December 31, 2025. The base management fee for the three months ended March 31, 2025 is presented net of this fee reduction.

Capital Transactions

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Capital Transactions

Note 9. Capital Transactions

Distributions: The Company intends to make quarterly distributions to stockholders, that represent over time, substantially all of its net investment income. In addition, although the Company may distribute at least annually net realized capital gains, net of taxes if any, out of assets legally available for such distribution, the Company may also retain such capital gains for investment through a deemed distribution. If the Company makes a deemed distribution, stockholders will be treated for U.S. federal income tax purposes as if they had received an actual distribution of the capital gains, net of taxes.

The Company may be limited in its ability to make distributions due to the BDC asset coverage requirements of the 1940 Act. In addition, distributions from OFSCC-FS to the Company are restricted by the terms and conditions of the Natixis Facility.

The following table summarizes distributions declared and paid for the three months ended March 31, 2026 and 2025:


Date Declared	Record Date	Payment Date	Amount Per Share		Cash Distribution
Three Months Ended March 31, 2026
February 26, 2026	March 20, 2026	March 31, 2026	$	0.17	$	2,278	(1)
Total			$	0.17	$	2,278

Three Months Ended March 31, 2025
February 26, 2025	March 21, 2025	March 31, 2025	$	0.34	$	4,555	(1)
Total			$	0.34	$	4,555

(1)

During the three months ended March 31, 2026 and 2025, the Company directed the DRIP plan administrator to purchase shares on the open market in order to satisfy the obligation to deliver shares of common stock. Accordingly, the Company purchased shares to satisfy the DRIP obligation as follows:


	Number of Shares Purchased		Average Price Paid Per Share		Total Amount Paid
Three Months Ended March 31, 2026
January 1, 2026 through March 31, 2026		5,271	$	3.39	$	18

Three Months Ended March 31, 2025
January 1, 2025 through March 31, 2025		8,570	$	9.35	$	80

Distributions in excess of the Company’s current and accumulated ICTI would be treated first as a return of capital to the extent of the stockholder’s adjusted tax basis, and any remaining distributions would be treated as a capital gain. The determination of the tax attributes of the Company’s distributions is made annually as of the end of its fiscal year based upon its estimated ICTI for the full year and distributions paid for the full year. Each year, a statement on Form 1099-DIV identifying the tax character of distributions is mailed to the Company’s stockholders.

Stock Repurchase Program:

The Company maintains a Stock Repurchase Program under which the Company may acquire up to $10,000 of its outstanding common stock. On April 28, 2026, the Board extended the Stock Repurchase Program for an additional two-year period ending May 22, 2028, or until the approved dollar amount has been used to repurchase shares. The Stock Repurchase Program may be extended, modified or discontinued at any time for any reason.

During the three months ended March 31, 2026 and 2025, no shares of common stock were repurchased under the Stock Repurchase Program.

- Definition

The entire disclosure for equity.

+ References

+ Details

Financial Highlights (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Dec. 31, 2025

Dec. 31, 2024

Investment Company, Financial Highlights [Roll Forward]

Net asset value per share at beginning of year (in usd per share)

^[1]

$ 9.19

$ 12.85

Net investment income (in usd per share)

^[2]

0.18

0.26

Net realized loss on investments, net of taxes (in usd per share)

^[2]

(0.84)

(0.19)

Net unrealized depreciation on investments, net of deferred taxes (in usd per share)

^[2]

(0.19)

(0.61)

Loss on extinguishment of debt (in usd per share)

^[2]

(0.01)

Total net loss from operations (in usd per share)

(0.86)

(0.54)

Distributions declared (in usd per share)

(0.17)

(0.34)

Net asset value per share at end of year (in usd per share)

^[1]

8.16

11.97

Per share market value, end of period (in usd per share)

$ 3.55

$ 9.29

Total return based on market value

^[3],[4]

(21.70%)

19.30%

Total return based on net asset value

^[4],[5]

(6.80%)

(3.50%)

Shares outstanding at end of period (in shares)

13,398,078

Basic weighted-average shares outstanding (in shares)

13,398,078

Diluted weighted-average shares outstanding (in shares)

13,398,078

Ratio/Supplemental Data (in thousands except ratios)

Average net asset value

^[6]

$ 116,255

$ 166,304

Net asset value at end of year

109,322

160,383

$ 123,188

$ 172,225

Net investment income

$ 2,464

$ 3,465

Ratio of total expenses net to average net assets

^[7],[8]

22.20%

16.40%

Ratio of total expenses net and loss on extinguishment of debt to average net assets

^[7],[9],[10]

22.30%

16.40%

Ratio of net investment income to average net assets

^[7],[11]

8.50%

8.30%

Ratio of loss on extinguishment of debt to average net assets

^[4]

0.10%

0.00%

Portfolio turnover

^[12]

0.60%

2.40%

[1]	NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each period.
[2]	Calculated on the average share method.
[3]	Calculated as ending market value less beginning market value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.
[4]	Not annualized.
[5]	Calculated as ending net asset value less beginning net asset value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.
[6]	Based on the average of the net asset value at the beginning and end of the indicated period and, if applicable, the preceding calendar quarters.
[7]	Annualized.
[8]	Ratio of total expenses before the base management fee waiver to average net assets was 22.9% for the three months ended March 31, 2026.
[9]	Calculated as total expenses (annualized) plus the loss on extinguishment of debt, divided by average net assets.
[10]	Ratio of total expenses before the base management fee waiver plus the loss on extinguishment of debt to average net assets was 23.0% for the three months ended March 31, 2026.
[11]	Ratio of net investment income before the base management fee waiver to average net assets was 7.7% for the three months ended March 31, 2026.
[12]	Portfolio turnover rate is calculated using the lesser of period-to-date sales, portfolio investment distributions and principal payments or period-to-date purchases over the average of total investments at fair value.

Cover - shares	3 Months Ended
Cover - shares	Mar. 31, 2026	Apr. 27, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Current Fiscal Year End Date	--12-31
Document Period End Date	Mar. 31, 2026
Document Transition Report	false
Securities Act File Number	814-00813
Entity Registrant Name	OFS CAPITAL CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	46-1339639
Entity Address, Address Line One	222 W. Adams Street
Entity Address, Address Line Two	Suite 1850
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60606
City Area Code	847
Local Phone Number	734-2000
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,398,078
Entity Central Index Key	0001487918
Amendment Flag	false
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Common Stock, $0.01 par value per share
Document Information [Line Items]
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	OFS
Security Exchange Name	NASDAQ
4.95% Notes due 2028
Document Information [Line Items]
Title of 12(b) Security	4.95% Notes due 2028
Trading Symbol	OFSSH
Security Exchange Name	NASDAQ
7.50% Notes due 2028
Document Information [Line Items]
Title of 12(b) Security	7.50% Notes due 2028
Trading Symbol	OFSSO
Security Exchange Name	NASDAQ

Capital Transactions - Distributions (Details) - USD ($)

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Dividends Payable [Line Items]

Amount Per Share (in usd per share)

$ 0.17

$ 0.34

Cash Distribution

$ 2,278,000

$ 4,555,000

Stock Repurchased During Period Value Dividend ReinvestmentPlan

$ 18

$ 80

O 2026 Q1 Aggregate Dividends [Member]

Dividends Payable [Line Items]

Amount Per Share (in usd per share)

$ 0.17

Cash Distribution

^[1]

$ 2,278,000

O 2025 Q1 Aggregate Dividends [Member]

Dividends Payable [Line Items]

Amount Per Share (in usd per share)

$ 0.34

Cash Distribution

^[1]

$ 4,555,000

[1]	During the three months ended March 31, 2026 and 2025, the Company directed the DRIP plan administrator to purchase shares on the open market in order to satisfy the obligation to deliver shares of common stock. Accordingly, the Company purchased shares to satisfy the DRIP obligation as follows

Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents

The Company had the following cash and cash equivalents as of March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025
Cash	$	1,977	$	3,050
Cash equivalents		1,281		309
Total cash and cash equivalents	$	3,258	$	3,359

Fair Value of Financial Instruments - Level 3 Rollforward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	$ 327,206	$ 387,828
Purchase and origination of portfolio investments	1,614	10,411
Proceeds from principal payments on portfolio investments	(8,915)	(3,238)
Sale and redemption of portfolio investments	(12,081)	(1,041)
Proceeds from distributions received from portfolio investments	(2,478)	(3,504)
Level 3 assets, ending balance	295,346	384,510
Net unrealized appreciation (depreciation) on investments held	(12,073)	(9,684)
Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ (11,361)	$ (1,771)
Location of amounts included in earnings - not disclosed	Net realized loss on investments	Net realized loss on investments
Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ (1,799)	$ (7,928)
Location of amounts included in earnings - not disclosed	Net unrealized appreciation (depreciation) on investments	Net unrealized appreciation (depreciation) on investments
Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ 98	$ 176
Location of amounts included in earnings - not disclosed	Amortization of Net Loan Fees	Amortization of Net Loan Fees
Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ 2,492	$ 2,925
Location of amounts included in earnings - not disclosed	Accretion of interest income on Structured Finance Securities	Accretion of interest income on Structured Finance Securities
Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ 587	$ 675
Location of amounts included in earnings - not disclosed	Capitalized PIK interest and dividends	Capitalized PIK interest and dividends
Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	$ (17)	$ 23
Location of amounts included in earnings - not disclosed	Amendment fees received	Amendment fees received
First lien debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	$ 155,596	$ 168,037
Purchase and origination of portfolio investments	1,614	4,635
Proceeds from principal payments on portfolio investments	(6,687)	(3,238)
Sale and redemption of portfolio investments	(9,447)	0
Proceeds from distributions received from portfolio investments	0	0
Level 3 assets, ending balance	139,939	165,754
First lien debt investments \| Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(1,060)	(0)
First lien debt investments \| Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(330)	(3,893)
First lien debt investments \| Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	95	116
First lien debt investments \| Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
First lien debt investments \| Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	175	120
First lien debt investments \| Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(17)	(23)
Second lien debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	9,409	34,331
Purchase and origination of portfolio investments	0	0
Proceeds from principal payments on portfolio investments	(2,228)	0
Sale and redemption of portfolio investments	0	0
Proceeds from distributions received from portfolio investments	0	0
Level 3 assets, ending balance	3,869	31,547
Second lien debt investments \| Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(4,356)	(0)
Second lien debt investments \| Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	1,044	3,080
Second lien debt investments \| Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	28
Second lien debt investments \| Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Second lien debt investments \| Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	268
Second lien debt investments \| Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Preferred Stock [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	12,567	12,248
Purchase and origination of portfolio investments	0	0
Proceeds from principal payments on portfolio investments	0	0
Sale and redemption of portfolio investments	0	0
Proceeds from distributions received from portfolio investments	0	0
Level 3 assets, ending balance	12,726	10,615
Preferred Stock [Member] \| Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Preferred Stock [Member] \| Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(253)	(1,920)
Preferred Stock [Member] \| Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Preferred Stock [Member] \| Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Preferred Stock [Member] \| Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	412	287
Preferred Stock [Member] \| Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Common equity, warrants and other
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	88,029	96,337
Purchase and origination of portfolio investments	0	0
Proceeds from principal payments on portfolio investments	0	0
Sale and redemption of portfolio investments	0	0
Proceeds from distributions received from portfolio investments	0	0
Level 3 assets, ending balance	90,168	97,060
Common equity, warrants and other \| Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(4,723)	0
Common equity, warrants and other \| Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	6,862	(723)
Common equity, warrants and other \| Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Common equity, warrants and other \| Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Common equity, warrants and other \| Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Common equity, warrants and other \| Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Level 3 assets, beginning balance	61,605	76,875
Purchase and origination of portfolio investments	0	5,776
Proceeds from principal payments on portfolio investments	0	0
Sale and redemption of portfolio investments	(2,634)	(1,041)
Proceeds from distributions received from portfolio investments	(2,478)	(3,504)
Level 3 assets, ending balance	48,644	79,534
Net unrealized appreciation (depreciation) on investments held	(9,427)	(1,518)
Structured Finance Securities \| Net realized gain (loss) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(1,222)	(1,771)
Structured Finance Securities \| Net change in unrealized appreciation (depreciation) on investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	(9,122)	242
Structured Finance Securities \| Amortization of Net Loan Fees
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	3	32
Structured Finance Securities \| Accretion of interest income on Structured Finance Securities
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	2,492	2,925
Structured Finance Securities \| Capitalized PIK interest and dividends
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Structured Finance Securities \| Amendment fees received
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Amounts included in earnings	0	0
Debt investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net unrealized appreciation (depreciation) on investments held	(4,534)	(6,969)
Equity investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Net unrealized appreciation (depreciation) on investments held	$ 1,888	$ (1,197)

Investments - By Industry (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Amortized Cost

$ 296,782

^[1]

$ 328,400

^[2]

Percentage of Total, Amortized Cost

100.00%

Percentage of Total, Net Assets

271.50%

266.50%

Fair Value

$ 308,120

^[1],[3]

$ 342,015

^[2],[4]

Percentage of Total, Fair Value

100.00%

Percent of Net Assets

281.80%

^[1]

277.60%

^[2]

Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 222,989

$ 250,767

Percentage of Total, Amortized Cost

75.10%

76.40%

Percentage of Total, Net Assets

204.00%

203.50%

Fair Value

$ 259,476

$ 280,410

Percentage of Total, Fair Value

84.20%

82.00%

Percent of Net Assets

237.20%

227.80%

Structured Finance Securities

Schedule of Investments [Line Items]

Amortized Cost

$ 73,793

^[1],[5]

$ 77,633

Percentage of Total, Amortized Cost

24.90%

23.60%

Percentage of Total, Net Assets

67.50%

63.00%

Fair Value

$ 48,644

^[1],[3],[5]

$ 61,605

Percentage of Total, Fair Value

15.80%

18.00%

Percent of Net Assets

44.60%

^[1],[5]

49.80%

Administrative and Support and Waste Management and Remediation Services | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 11,210

$ 11,234

Percentage of Total, Amortized Cost

3.80%

3.40%

Percentage of Total, Net Assets

10.30%

9.10%

Fair Value

$ 10,983

$ 11,006

Percentage of Total, Fair Value

3.60%

3.20%

Percent of Net Assets

10.00%

8.90%

Construction | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 1,510

$ 18,986

Percentage of Total, Amortized Cost

0.40%

5.80%

Percentage of Total, Net Assets

1.40%

15.40%

Fair Value

$ 1,001

$ 9,644

Percentage of Total, Fair Value

0.30%

2.80%

Percent of Net Assets

0.90%

7.80%

Education Services | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 17,853

$ 17,891

Percentage of Total, Amortized Cost

6.00%

5.40%

Percentage of Total, Net Assets

16.30%

14.50%

Fair Value

$ 18,047

$ 18,023

Percentage of Total, Fair Value

5.90%

5.30%

Percent of Net Assets

16.50%

14.60%

Finance and Insurance | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 3,191

$ 3,193

Percentage of Total, Amortized Cost

1.10%

1.00%

Percentage of Total, Net Assets

2.90%

2.60%

Fair Value

$ 3,063

$ 3,068

Percentage of Total, Fair Value

1.00%

0.90%

Percent of Net Assets

2.80%

2.50%

Health Care and Social Assistance | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 63,406

$ 68,571

Percentage of Total, Amortized Cost

21.40%

20.90%

Percentage of Total, Net Assets

58.00%

55.70%

Fair Value

$ 40,787

$ 48,653

Percentage of Total, Fair Value

13.20%

14.30%

Percent of Net Assets

37.30%

39.60%

Information | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 23,632

$ 23,651

Percentage of Total, Amortized Cost

8.00%

7.20%

Percentage of Total, Net Assets

21.60%

19.20%

Fair Value

$ 19,602

$ 18,136

Percentage of Total, Fair Value

6.50%

5.30%

Percent of Net Assets

17.90%

14.70%

Management of Companies and Enterprises | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 12,533

$ 12,562

Percentage of Total, Amortized Cost

4.20%

3.80%

Percentage of Total, Net Assets

11.50%

10.20%

Fair Value

$ 10,916

$ 11,419

Percentage of Total, Fair Value

3.50%

3.30%

Percent of Net Assets

10.00%

9.30%

Manufacturing | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 21,976

$ 22,336

Percentage of Total, Amortized Cost

7.40%

6.80%

Percentage of Total, Net Assets

20.10%

18.10%

Fair Value

$ 96,542

$ 97,061

Percentage of Total, Fair Value

31.30%

28.40%

Percent of Net Assets

88.30%

78.80%

Other Services (except Public Administration) | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 494

$ 1,493

Percentage of Total, Amortized Cost

0.20%

0.50%

Percentage of Total, Net Assets

0.50%

1.20%

Fair Value

$ 490

$ 1,498

Percentage of Total, Fair Value

0.20%

0.40%

Percent of Net Assets

0.40%

1.20%

Professional, Scientific, and Technical Services | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 19,828

$ 19,384

Percentage of Total, Amortized Cost

6.70%

5.90%

Percentage of Total, Net Assets

18.10%

15.70%

Fair Value

$ 19,872

$ 19,451

Percentage of Total, Fair Value

6.40%

5.70%

Percent of Net Assets

18.20%

15.80%

Public Administration | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 703

Percentage of Total, Amortized Cost

0.20%

Percentage of Total, Net Assets

0.60%

Fair Value

$ 37

$ 33

Percentage of Total, Fair Value

0.00%

Percent of Net Assets

0.00%

Real Estate and Rental and Leasing | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 26,139

$ 25,720

Percentage of Total, Amortized Cost

8.80%

7.80%

Percentage of Total, Net Assets

23.90%

20.90%

Fair Value

$ 22,887

$ 22,507

Percentage of Total, Fair Value

7.40%

6.60%

Percent of Net Assets

20.90%

18.40%

Retail Trade | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 8,981

$ 13,355

Percentage of Total, Amortized Cost

3.00%

4.10%

Percentage of Total, Net Assets

8.20%

10.80%

Fair Value

$ 8,077

$ 11,895

Percentage of Total, Fair Value

2.60%

3.50%

Percent of Net Assets

7.40%

9.70%

Wholesale Trade | Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 11,534

$ 11,688

Percentage of Total, Amortized Cost

3.90%

3.60%

Percentage of Total, Net Assets

10.60%

9.50%

Fair Value

$ 7,174

$ 8,016

Percentage of Total, Fair Value

2.30%

Percent of Net Assets

6.60%

6.50%

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.

Organization

3 Months Ended

Mar. 31, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization

Note 1. Organization

OFS Capital Corporation, a Delaware corporation, is an externally managed, closed-end, non-diversified management investment company. The Company has elected to be regulated as a BDC under the 1940 Act. In addition, for income tax purposes, the Company has elected to be treated, and intends to qualify annually, as a RIC under Subchapter M of the Code.

The Company’s investment objective is to provide stockholders with both current income and capital appreciation primarily through debt investments and, to a lesser extent, equity investments.

OFS Advisor manages the day-to-day operations of, and provides investment advisory services to, the Company. In addition, OFS Advisor serves as the investment adviser to HPCI, a non-traded BDC with an investment strategy and objective similar to that of the Company. OFS Advisor also serves as the investment adviser to OCCI, a non-diversified, externally managed, closed-end management investment company that is registered as an investment company under the 1940 Act and that primarily invests in Structured Finance Securities. Additionally, OFS Advisor serves as the investment adviser to separately-managed accounts and sub-advisor to investment companies managed by an affiliate.

The Company may make investments directly or through one or more of its subsidiaries: OFSCC-FS, SBIC I LP or OFSCC-MB.

OFSCC-FS, an indirect wholly owned and consolidated subsidiary of the Company, is a special-purpose vehicle formed in April 2019 for the purpose of acquiring senior secured loan investments. OFSCC-FS has debt financing through its Natixis Facility, which provides OFSCC-FS with borrowing capacity of up to $80,000 during its reinvestment period, subject to a borrowing base and other covenants.

SBIC I LP is an investment company subsidiary previously licensed under the SBA’s small business investment company program that was subject to SBA regulations and policies. On March 1, 2024, SBIC I LP fully repaid its outstanding SBA debentures and, on April 17, 2024, surrendered its license to operate as a SBIC.

OFSCC-MB is a wholly owned and consolidated subsidiary taxed under subchapter C of the Code that generally holds the Company’s equity investments in portfolio companies that are taxed as pass-through entities.

Commitments and Contingencies (Additional Information) (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Other Commitments [Line Items]
Cash and cash equivalents	$ 3,258	$ 3,359
Revolving Credit Facility \| Banc of California Credit Facility
Other Commitments [Line Items]
Availability	6,250
Revolving Credit Facility \| Natixis Facility
Other Commitments [Line Items]
Availability	$ 35,300

Fair Value of Financial Instruments

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Fair Value of Financial Instruments

Note 5. Fair Value of Financial Instruments

The Company’s investments are carried at fair value and determined in accordance with ASC 820 and a documented valuation policy that is applied in a consistent manner. Pursuant to Rule 2a-5 of the 1940 Act (“Rule 2a-5”), the Board designated OFS Advisor as the valuation designee to perform fair value determinations relating to the Company’s investments, and the Board maintains oversight of OFS Advisor in its capacity as valuation designee, as prescribed in Rule 2a-5. The Company engages third-party valuation firms to provide assistance to OFS Advisor in determining the fair value for a majority of its investments.

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair values are determined with models or other valuation techniques, valuation inputs, and assumptions that market participants would use in pricing an asset or liability. Valuation inputs are organized in a hierarchy that gives the highest priority to prices for identical assets or liabilities quoted in active markets (Level 1) and the lowest priority to fair values based on unobservable inputs (Level 3). The three levels of inputs in the fair value hierarchy are described below:

Level 1: Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date.

Level 2: Inputs other than quoted prices within Level 1 that are observable for the asset or liability, either directly or indirectly.

Level 3: Unobservable inputs for the asset or liability, and situations where there is little, if any, market activity for the asset or liability at the measurement date.

The inputs into the determination of fair value are based upon the best information under the circumstances and may require management to exercise significant judgment or estimation. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. The Company generally categorizes its investment portfolio into Level 3, and to a lesser extent Level 2, of the hierarchy.

The Company assesses the levels of the investments at each measurement date, and transfers between levels are recognized on the measurement date. During the three months ended March 31, 2026 and 2025, the Company did not transfer any investments between Level 2 and Level 3 of the hierarchy.

Transfers between levels occur when the availability of reliable Indicative Prices changes during the period. The Company classifies loan investments as Level 2 when sufficient Indicative Prices are available, and the depth of the market is sufficient, in management’s judgment, to transact at those prices in amounts approximating the Company’s investment position at the measurement date.

Due to the inherent uncertainty of determining the fair value of Level 3 investments, including the use of significant unobservable inputs, the fair value of the investments may differ significantly from the values that would have been used had a ready market or observable inputs existed for such investments and may differ materially from the values that may ultimately be received or settled. Further, such investments are generally subject to legal and other restrictions, or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company may realize significantly less than the value at which such investment had previously been recorded and incur a realized capital loss. The Company’s investments are subject to market risk as a result of economic and political developments, including impacts from interest rate and inflation rate changes, the ongoing war between Russia and Ukraine, the escalated armed conflict and heightened regional tensions in the Middle East, activity in South America, instability in the U.S. and international banking systems, the agenda of the U.S. presidential administration, including the impact of tariff enactment and tax reductions, trade disputes with other countries, the risk of recession or the impact of the prolonged shutdown of U.S. government services, and related market volatility. Market risk is directly impacted by the volatility and liquidity in the markets in which certain investments are traded and can affect the fair value of the Company’s investments. The Company’s investments are also subject to interest rate risk. Changes in interest rates enacted by the U.S. Federal Reserve may impact the Company’s investment income, cost of funding and the valuation of its investment portfolio.

The following tables present the Company’s investment portfolio measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:


Security	Level 1		Level 2		Level 3		Fair Value as of March 31, 2026
Debt investments	$	—	$	12,774	$	143,808	$	156,582
Equity investments		—		—		102,894		102,894
Structured Finance Securities		—		—		48,644		48,644
	$	—	$	12,774	$	295,346	$	308,120


Security	Level 1		Level 2		Level 3		Fair Value as of December 31, 2025
Debt investments	$	—	$	14,809	$	165,005	$	179,814
Equity investments		—		—		100,596		100,596
Structured Finance Securities		—		—		61,605		61,605
	$	—	$	14,809	$	327,206	$	342,015

The following tables provides the primary quantitative information about valuation techniques and the Company’s unobservable inputs to its Level 3 fair value measurements as of March 31, 2026 and December 31, 2025. The Company may make changes to the valuation techniques, among techniques otherwise commonly utilized in accordance with its valuation policies, and/or the weighting of techniques used for particular investments based on changes in facts-and-circumstances and depending on the availability of, or changes in, information in order to produce the best estimate of fair value as of the measurement date. In addition to the techniques and unobservable inputs noted in the tables below and in accordance with OFS Advisor’s valuation policy, OFS Advisor, as valuation designee, may also use other valuation techniques and methodologies when determining the fair value measurements of the Company’s investment assets. The tables are not intended to be all-inclusive and only present the most significant unobservable input(s) relevant to the valuation designee’s determination of fair value.


	Fair Value at March 31, 2026		Valuation technique	Unobservable inputs	Range (Weighted average)(1)
Debt investments:
First lien	$	114,453	Discounted cash flow	Discount rates	8.60% - 37.50% (13.39%)
		22,861	Market approach	EBITDA multiples	3.00x - 7.75x (5.86x)
		2,625	Market approach	Transaction Price
Second lien		2,031	Discounted cash flow	Discount rates	23.90% - 23.90% (23.90%)
		45	Market approach	EBITDA multiples	6.25x - 6.25x (6.25x)
		1,793	Market approach	Revenue multiples	0.88x - 0.88x (0.88x)

Structured Finance Securities(2):
Subordinated notes		42,129	Discounted cash flow	Discount rates	16.50% - 40.00% (23.32%)
				Constant default rate	2.00% - 3.00% (2.11%)
				Recovery rate	65.00% - 65.00% (65.00%)
		130	Market approach	Net asset value liquidation(3)
Mezzanine debt		6,385	Discounted cash flow	Discount margin	14.00% - 15.50% (14.97%)
				Constant default rate	2.00% - 2.00% (2.00%)
				Recovery rate	65.00% - 65.00% (65.00%)

Equity investments:
Preferred equity		12,392	Market approach	EBITDA multiples	7.50x - 8.00x (7.99x)
		334	Market Approach	Revenue multiples	0.50x - 0.50x (0.50x)
Common equity, warrants and other		90,168	Market approach	EBITDA multiples	5.00x - 13.75x (11.90x)
	$	295,346

(1)

Weighted average is calculated based on the fair value of investments.

(2)

The cash flows utilized in the discounted cash flow calculations assume: (i) liquidation of (a) certain distressed investments and (b) all investments currently in default held by the issuing CLO at their current market prices; and (ii) redeployment of proceeds at the issuing CLO’s assumed reinvestment rate.

(3)

NAV liquidation represents the fair value, or estimated expected residual value, of the investment.


	Fair Value at December 31, 2025		Valuation technique	Unobservable inputs	Range (Weighted average)(1)
Debt investments:
First lien	$	115,014	Discounted cash flow	Discount rates	8.61% - 37.50% (12.77%)
		21,925	Market approach	EBITDA multiples	3.00x - 8.00x (6.11x)
		8,225	Market approach	Revenue multiples	0.35x - 0.50x (0.35x)
		10,432	Market approach	Transaction Price
Second lien		2,500	Discounted cash flow	Discount rates	13.70% - 13.70% (13.70%)
		448	Market approach	EBITDA multiples	9.00x - 9.00x (9.00x)
		6,461	Market approach	Revenue multiples	0.35x - 0.90x (0.70x)

Structured Finance Securities:
Subordinated notes(2)		53,368	Discounted cash flow	Discount rates	13.00% - 27.50% (18.73%)
				Constant default rate	2.00% - 3.00% (2.08%)
				Recovery rate	65.00% - 65.00% (65.00%)
Mezzanine debt(2)		8,074	Discounted cash flow	Discount margin	9.10% - 10.70% (9.62%)
				Constant default rate	2.00% - 2.00% (2.00%)
				Recovery rate	65.00% - 65.00% (65.00%)
Subordinated notes		163	Market approach	Net asset value liquidation(3)

Equity investments:
Preferred equity		12,448	Market approach	EBITDA multiples	7.25x - 8.50x (8.46x)
		119	Market approach	Revenue multiples	0.50x - 0.50x (0.50x)
Common equity, warrants and other		88,029	Market approach	EBITDA multiples	6.00x - 14.75x (12.33x)
Common equity, warrants and other		—	Market approach	Revenue multiples	0.35x - 0.50x (0.44x)
	$	327,206

(1)

Weighted average is calculated based on the fair value of investments.

(2)

(3)

NAV liquidation represents the fair value, or estimated expected residual value, of the investment.

Changes in market credit spreads or events impacting the credit quality of the underlying portfolio company (both of which could impact the discount rate), as well as changes in enterprise value and/or EBITDA multiples, among other things, could have a significant impact on fair values, with the fair value of a particular debt investment susceptible to change in inverse relation to the changes in the discount rate. Changes in enterprise value and/or EBITDA multiples, as well as changes in the discount rate, could have a significant impact on fair values, with the fair value of an equity investment susceptible to change in tandem with the changes in enterprise value and/or EBITDA multiples, and in inverse relation to changes in the discount rate. Due to the wide range of approaches in developing input assumptions to these valuation techniques and the degree of subjectivity used in making the estimates, comparisons between the Company’s disclosures and those of other companies may not be meaningful.

The following tables present changes in investments measured at fair value using Level 3 inputs for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
	First Lien Debt Investments			Second Lien Debt Investments			Preferred Equity			Common Equity, Warrants and Other			Structured Finance Securities			Total
Level 3 assets, December 31, 2025	$	155,596		$	9,409		$	12,567		$	88,029		$	61,605		$	327,206
Net realized loss on investments		(1,060	)		(4,356	)		—			(4,723	)		(1,222	)		(11,361	)
Net unrealized appreciation (depreciation) on investments		(330	)		1,044			(253	)		6,862			(9,122	)		(1,799	)
Amortization of Net Loan Fees		95			—			—			—			3			98
Accretion of interest income on Structured Finance Securities		—			—			—			—			2,492			2,492
Capitalized PIK interest and dividends		175			—			412			—			—			587
Amendment fees received		(17	)		—			—			—			—			(17	)
Purchase and origination of portfolio investments		1,614			—			—			—			—			1,614
Proceeds from principal payments on portfolio investments		(6,687	)		(2,228	)		—			—			—			(8,915	)
Sale and redemption of portfolio investments		(9,447	)		—			—			—			(2,634	)		(12,081	)
Proceeds from distributions received from portfolio investments		—			—			—			—			(2,478	)		(2,478	)
Level 3 assets, March 31, 2026	$	139,939		$	3,869		$	12,726		$	90,168		$	48,644		$	295,346


	Three Months Ended March 31, 2025
	First Lien Debt Investments			Second Lien Debt Investments			Preferred Equity			Common Equity, Warrants and Other		Structured Finance Securities			Total
Level 3 assets, December 31, 2024	$	168,037		$	34,331		$	12,248		$	96,337	$	76,875		$	387,828
Net realized loss on investments		—			—			—			—		(1,771	)		(1,771	)
Net unrealized appreciation (depreciation) on investments		(3,893	)		(3,080	)		(1,920	)		723		242			(7,928	)
Amortization of Net Loan Fees		116			28			—			—		32			176
Accretion of interest income on Structured Finance Securities		—			—			—			—		2,925			2,925
Capitalized PIK interest and dividends		120			268			287			—		—			675
Amendment fees received		(23	)		—			—			—		—			(23	)
Purchase and origination of portfolio investments		4,635			—			—			—		5,776			10,411
Proceeds from principal payments on portfolio investments		(3,238	)		—			—			—		—			(3,238	)
Sale and redemption of portfolio investments		—			—			—			—		(1,041	)		(1,041	)
Proceeds from distributions received from portfolio investments		—			—			—			—		(3,504	)		(3,504	)
Level 3 assets, March 31, 2025	$	165,754		$	31,547		$	10,615		$	97,060	$	79,534		$	384,510

The net unrealized depreciation reported in the Company’s consolidated statements of operations for the three months ended March 31, 2026 and 2025, attributable to the Company’s Level 3 assets still held at those respective period ends, was as follows:


	Three Months Ended March 31,
	2026			2025
Debt investments	$	(4,534	)	$	(6,969	)
Equity investments		1,888			(1,197	)
Structured Finance Securities		(9,427	)		(1,518	)
Net unrealized depreciation on investments held	$	(12,073	)	$	(9,684	)

Other Financial Assets and Liabilities

GAAP requires disclosure of the fair value of financial instruments not reported at fair value on a recurring basis for which it is practical to estimate such values. The Company believes that the carrying amounts of its other financial instruments, such as cash, cash equivalents, receivables and payables approximate the fair value of such items due to the short maturity of such financial

instruments. The Banc of California Credit Facility and Natixis Facility are variable rate instruments and fair value is estimated to approximate carrying value.

The following table sets forth carrying values and fair values of the Company’s debt as of March 31, 2026 and December 31, 2025:


	March 31, 2026				December 31, 2025
Description	Carrying Value(1)		Fair Value		Carrying Value(1)		Fair Value
Banc of California Credit Facility	$	8,750	$	8,750	$	4,500	$	4,500
BNP Facility(2)		—		—		50,950		50,950
Natixis Facility		44,700		44,700		—		—
Unsecured Notes Due February 2026		—		—		15,988		15,961
Unsecured Notes Due July 2028		68,471		71,015		67,498		70,877
Unsecured Notes Due October 2028		53,643		52,558		54,420		52,118
Unsecured Note Due August 2029		24,332		24,908		24,282		25,333
Total debt	$	199,896	$	201,931	$	217,638	$	219,739

(1)

Carrying value is calculated as the outstanding principal amount less unamortized deferred debt issuance costs.

(2)

On February 18, 2026, in connection with the closing of the Natixis Facility, OFSCC-FS repaid in full all outstanding obligations due, and terminated all commitments, under the BNP Facility.

The following tables present the fair value measurements of the Company’s debt and the level within the fair value hierarchy of the significant unobservable inputs utilized by the Company to determine such fair values as of March 31, 2026 and December 31, 2025:


	March 31, 2026
Description	Level 1(1)		Level 2		Level 3(2)		Total
Banc of California Credit Facility	$	—	$	—	$	8,750	$	8,750
Natixis Facility		—		—		44,700		44,700
Unsecured Notes Due July 2028		71,015		—		—		71,015
Unsecured Notes Due October 2028		52,558		—		—		52,558
Unsecured Note Due August 2029		—		—		24,908		24,908
Total debt, at fair value	$	123,573	$	—	$	78,358	$	201,931


	December 31, 2025
Description	Level 1(1)		Level 2		Level 3(2)		Total
Banc of California Credit Facility	$	—	$	—	$	4,500	$	4,500
BNP Facility		—		—		50,950		50,950
Unsecured Notes Due February 2026		—		—		15,961		15,961
Unsecured Notes Due July 2028		70,877		—		—		70,877
Unsecured Notes Due October 2028		52,118		—		—		52,118
Unsecured Note Due August 2029		—		—		25,333		25,333
Total debt, at fair value	$	122,995	$	—	$	96,744	$	219,739

(1)

For Level 1 measurements, fair value is estimated by using the closing price of the security on The Nasdaq Global Select Market.

(2)

For Level 3 measurements, fair value is estimated through discounting remaining payments using current market rates for similar instruments at the measurement date through the legal maturity date.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (bbb)(1)
-Publisher FASB
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+ Details

Borrowings - Unsecured Notes Narrative (Details) - USD ($) $ in Thousands				3 Months Ended
	Jan. 08, 2026	Aug. 08, 2025	Jul. 23, 2025	Mar. 31, 2026	Mar. 31, 2025	Nov. 01, 2021	Feb. 10, 2021
Debt Instrument [Line Items]
Interest rate				6.05%
Redemption of debt				$ 16,000	$ 0
Cash paid for interest expense				3,773	4,997
Loss on extinguishment of debt				130	0
Unsecured Notes
Debt Instrument [Line Items]
Principal				149,000	165,000
Cash paid for interest expense				2,852	$ 3,648
Unsecured Notes
Debt Instrument [Line Items]
Interest rate							4.75%
Principal				$ 0			$ 125,000
Redemption of debt	$ 16,000
Cash paid for interest expense	$ 378
Unsecured Notes Due July 2028
Debt Instrument [Line Items]
Interest rate			7.50%
Principal			$ 69,000
Underwriting fees			1,380
Offering expenses			326
Net proceeds			67,294
Unsecured Notes due October 2028
Debt Instrument [Line Items]
Interest rate				4.95%
Principal						$ 55,000
Unsecured Note Due August 2029
Debt Instrument [Line Items]
Interest rate		8.00%
Principal		$ 25,000
Underwriting fees		750
Offering expenses		48
Net proceeds		$ 24,202
Unsecured Notes Due July 2028, Overallotments
Debt Instrument [Line Items]
Principal			$ 9,000

Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2026

Expenses recognized under agreements with OFS Advisor and OFS Services and distributions paid to affiliates for the three months ended March 31, 2026 and 2025 are presented below:


	Three Months Ended March 31,
	2026			2025
Base management fee(1)	$	1,435		$	1,549
Base management fee waiver		(220	)		—
Income Incentive Fee		408			330
Administration fee		326			394
Distributions paid to affiliates		515			1,029

(1) For the three months ended March 31, 2025, the Company’s base management fee on OFSCC-FS Assets was reduced by $267, pursuant to the fee reduction agreed to by OFS Advisor on such assets for the year ended December 31, 2025. The base management fee for the three months ended March 31, 2025 is presented net of this fee reduction.

Investments - By Composition and Domicile (Parenthetical) (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Amortized Cost

$ 296,782

^[1]

$ 328,400

^[2]

Fair Value

308,120

^[1],[3]

342,015

^[2],[4]

First Lien Debt Investments, Unitranche [Member]

Schedule of Investments [Line Items]

Amortized Cost

125,291

130,270

Fair Value

$ 110,530

$ 116,279

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.

- Definition

Cost of the investment.

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- Definition

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+ Details

N-2 - $ / shares

3 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Sep. 30, 2025

Jun. 30, 2025

Mar. 31, 2025

Dec. 31, 2024

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Cover [Abstract]

Entity Central Index Key

0001487918

Amendment Flag

false

Securities Act File Number

814-00813

Document Type

10-Q

Entity Registrant Name

OFS CAPITAL CORPORATION

Entity Address, Address Line One

222 W. Adams Street

Entity Address, Address Line Two

Suite 1850

Entity Address, City or Town

Chicago

Entity Address, State or Province

Entity Address, Postal Zip Code

60606

City Area Code

847

Local Phone Number

734-2000

Entity Emerging Growth Company

false

General Description of Registrant [Abstract]

Risk [Text Block]

Item 1A. Risk Factors

Investing in our common stock may be speculative and involves a high degree of risk. In addition to the other information contained in this Quarterly Report on Form 10-Q, including our financial statements, and the related notes, schedules and exhibits, you should carefully consider the risk factors described in “Part I, Item 1A. Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Annual Report on Form 10-K”), filed on March 3, 2026, which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report on Form 10-K 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.

There have been no material changes to the risk factors previously disclosed in our Annual Report on Form 10-K. The risks previously disclosed in the Annual Report on Form 10-K should be read together with the other information disclosed elsewhere in this Quarterly Report on Form 10-Q and our other reports filed with the SEC.

Share Price [Table Text Block]

The following table lists the high and low intraday sale price for the Company’s common stock, NAV per share, and the cash distributions per share that were declared on its common stock for each fiscal quarter during the last two most recently completed fiscal years and each full fiscal quarter of the current fiscal year. The last reported sale price for our common stock on The Nasdaq Global Select Market on March 31, 2026 was $3.55 per share.


			Price Range				Premium			Premium			Cash
Period	NAV Per Share(1)		High		Low		(Discount) of High Sales Price to NAV			(Discount) of Low Sales Price to NAV			Distribution per Share
Fiscal 2026
First Quarter	$	8.16	$	5.28	$	2.72		(35.3	)%		(66.7	)%	$	0.17
Fiscal 2025
Fourth Quarter	$	9.19	$	7.81	$	4.44		(15.0	)%		(51.7	)%	$	0.17
Third Quarter	$	10.17	$	8.99	$	7.58		(11.6	)%		(25.5	)%	$	0.34
Second Quarter	$	10.91	$	9.52	$	7.88		(12.7	)%		(27.8	)%	$	0.34
First Quarter	$	11.97	$	9.80	$	7.92		(18.1	)%		(33.8	)%	$	0.34
Fiscal 2024
Fourth Quarter	$	12.85	$	8.98	$	7.81		(30.1	)%		(39.2	)%	$	0.34
Third Quarter	$	11.29	$	9.35	$	7.75		(17.2	)%		(31.4	)%	$	0.34
Second Quarter	$	11.51	$	10.14	$	8.42		(11.9	)%		(26.8	)%	$	0.34
First Quarter	$	11.08	$	12.07	$	9.53		8.9	%		(14.0	)%	$	0.34

(1)

NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each period.

NAV Per Share

^[1]

$ 8.16

$ 9.19

$ 10.17

$ 10.91

$ 11.97

$ 12.85

$ 11.29

$ 11.51

$ 11.08

Banc of California Credit Facility [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

Banc of California Credit Facility

We are party to the BLA with Banc of California, as lender, to provide us with a senior secured revolving credit facility, or the Banc of California Credit Facility, which is available for general corporate purposes including investment funding and is scheduled to mature on February 28, 2028. The Banc of California Credit Facility currently bears interest at a variable Prime Rate plus a 0.25% margin, with a 5.00% floor, and an annual commitment fee of 0.50% based on the maximum principal amount of the facility. As of March 31, 2026, the effective interest rate on the Banc of California Credit Facility was 7.89%. The maximum availability of the

Banc of California Credit Facility is equal to 50% of the aggregate outstanding principal amount of eligible loans included in the borrowing base, which typically excludes Structured Finance Securities, foreign loans, and non-performing loans, and as otherwise specified in the BLA. The Banc of California Credit Facility is guaranteed by OFSCC-MB and secured by all of our and OFSCC-MB’s current and future assets, excluding assets held by OFSCC-FS and our partnership interests in SBIC I LP.

On January 9, 2026, we amended the Banc of California Credit Facility to extend the maturity date from February 28, 2026 to February 28, 2028.

On March 27, 2026, we amended the Banc of California Credit Facility to, among other things: (i) reduce the minimum tangible net asset value covenant from $100.0 million to $75.0 million; (ii) reduce the covenant requiring minimum quarterly net investment income after management/incentive fees from $2.0 million to $1.0 million for each of the quarters ending March 31, 2026, June 30, 2026 and September 30, 2026, after which the minimum quarterly net investment income after management/incentive fees covenant shall return to $2.0 million; and (iii) decrease our maximum commitment amount from $25.0 million to $15.0 million.

The BLA contains customary terms and conditions, including, without limitation, affirmative and negative covenants, such as information reporting requirements, a minimum tangible net asset value, a minimum quarterly net investment income after incentive fees and a debt/worth ratio. The BLA also contains customary events of default, including, without limitation, nonpayment, misrepresentation of representations and warranties in a material respect, breach of covenant, cross-default to other indebtedness, bankruptcy, change in investment advisor, and the occurrence of a material adverse change in our financial condition. As of March 31, 2026, we were in compliance in all material respects with the applicable covenants under the Banc of California Credit Facility.

As of March 31, 2026, we had outstanding debt of $8.8 million and an unused commitment of $6.3 million under the Banc of California Credit Facility, subject to the terms of the borrowing base and other covenants.

Long Term Debt, Structuring [Text Block]

BNP Facility [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

BNP Facility

On June 20, 2019, OFSCC-FS entered into the BNP Facility, which provided for borrowings in an aggregate principal amount up to $80.0 million during its reinvestment period. Borrowings under the BNP Facility bore interest at a variable rate of SOFR plus a variable margin (2.65% floor), which was determined on the basis of industry-recognized portfolio company metrics at the time of funding.

The following table shows the scheduled maturities of the principal balances of our outstanding borrowings as of March 31, 2026 (in thousands):


	Payments due by period
	Total		Less than 1 year		1 to 3 years		3 to 5 years		After 5 years
Banc of California Credit Facility	$	8,750	$	—	$	8,750	$	—	$	—
Natixis Facility		44,700		—		—		44,700		—
Unsecured Notes		149,000		—		124,000		25,000		—
Total	$	202,450	$	—	$	132,750	$	69,700	$	—

Unsecured Notes [Member]

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

Unsecured Notes

As of March 31, 2026 and December 31, 2025, we had $149.0 million and $165.0 million, respectively, in outstanding Unsecured Notes. The Unsecured Notes are direct unsecured obligations and rank equal in right of payment with all of our current and future unsecured indebtedness. Because the Unsecured Notes are not secured by any of our assets, they are effectively subordinated to all existing and future secured unsubordinated indebtedness (or any indebtedness that is initially unsecured as to which we subsequently grant a security interest), to the extent of the value of the assets securing such indebtedness, including, without limitation, borrowings under the Banc of California Credit Facility and Natixis Facility.

In order to, among other things, reduce future cash interest payments, as well as future amounts due at maturity or upon redemption, we may, from time to time, purchase the Unsecured Notes for cash in open market purchases and/or privately negotiated transactions. We will evaluate any such transactions in light of then-existing market conditions, taking into account our current liquidity, prospects for future access to capital, contractual restrictions and other factors. The amounts involved in any such transactions, individually or in the aggregate, may be material. During the three months ended March 31, 2026, no outstanding Unsecured Notes were repurchased.

Redemption of Unsecured Notes

On January 8, 2026, we issued notices to the holders of the Unsecured Notes Due February 2026 regarding the exercise of our option to redeem on February 9, 2026 $16.0 million, which was equal to the remainder of the outstanding Unsecured Notes Due February 2026, plus accrued interest of $0.4 million.

As of March 31, 2026, the Unsecured Notes had the following terms and balances (dollar amounts in thousands):


Unsecured Notes	Principal		Stated Interest Rate			Effective Interest Rate(1)			Optional Redemption Date	Maturity
Unsecured Notes Due July 2028	$	69,000		7.50	%		8.34	%	July 31, 2026	July 31, 2028
Unsecured Notes Due October 2028		55,000		4.95			5.32		Callable	October 31, 2028
Unsecured Note Due August 2029		25,000		8.00			8.80		Callable	August 8, 2029
Total / Weighted-Average	$	149,000		6.64	%		7.30	%

(1)

The effective interest rate on the Unsecured Notes includes deferred debt issuance cost amortization.

Natixis Facility

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

Natixis Facility

On February 18, 2026, OFSCC-FS entered into the Natixis Facility, which provides for borrowings in an aggregate principal amount up to $80.0 million. Borrowings under the Natixis Facility bear interest at a rate based on SOFR plus a margin of 2.35%. The Natixis Facility also includes a fee of 0.40% on the unused amount of the facility, as well as an arranger fee of 0.20% on the total commitment amount of the facility. The reinvestment period during which OFSCC-FS is permitted to borrow terminates on February 18, 2029, and the facility is scheduled to mature on February 18, 2031.

As of March 31, 2026, the Natixis Facility had outstanding debt of $44.7 million, the unused commitment under the Natixis Facility was $35.3 million, subject to a borrowing base and other covenants, and the stated interest rate on the Natixis Facility was 6.05%.

Borrowings under the Natixis Facility are secured by substantially all of the assets held by OFSCC-FS, which were $114.7 million at March 31, 2026. Our use of cash and cash equivalents held by OFSCC-FS is limited by the terms and conditions of the Natixis Facility, including but not limited to, the payment of interest expense and principal on the outstanding borrowings. As of March 31, 2026 and December 31, 2025, OFSCC-FS had cash and cash equivalents of $2.6 million and $2.4 million, respectively.

Security 1 Common [Member]

General Description of Registrant [Abstract]

Lowest Price or Bid

$ 2.72

4.44

7.58

7.88

7.92

7.81

7.75

8.42

9.53

Highest Price or Bid

$ 5.28

$ 7.81

$ 8.99

$ 9.52

$ 9.8

$ 8.98

$ 9.35

$ 10.14

$ 12.07

Highest Price or Bid, Premium (Discount) to NAV [Percent]

(35.30%)

(15.00%)

(11.60%)

(12.70%)

(18.10%)

(30.10%)

(17.20%)

(11.90%)

8.90%

Lowest Price or Bid, Premium (Discount) to NAV [Percent]

(66.70%)

(51.70%)

(25.50%)

(27.80%)

(33.80%)

(39.20%)

(31.40%)

(26.80%)

(14.00%)

Share Price

$ 0.17

$ 0.34

[1]	NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each period.

Consolidated Schedule of Investments In and Advances To Affiliates (Tables)

3 Months Ended

Mar. 31, 2026

Investments in and Advances to Affiliates [Abstract]

Consolidated schedule of investments in and advances to affiliates

Note 10. Consolidated Schedule of Investments In and Advances To Affiliates


		Three Months Ended March 31, 2026
Name of Portfolio Company	Investment Type (1)	Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ (Depreciation)			Interest		Dividends		Fees		Total Income (2)		December 31, 2025 , Fair Value (5)		Gross Additions (3)		Gross Reductions (4)			March 31, 2026 , Fair Value (5)
Affiliate Investments
Contract Datascan Holdings, Inc.	Preferred Equity (7)	$	—	$	(467	)	$	—	$	316	$	—	$	316	$	9,201	$	316	$	(467	)	$	9,050
	Preferred Equity (7)		—		—			—		96		—		96		2,884		96		—			2,980
	Common Equity (6)		—		—			—		—		—		—		—		—		—			—
	Warrants (6)		—		—			—		—		—		—		—		—		—			—
	Warrants (6)		—		—			—		—		—		—		—		—		—			—
			—		(467	)		—		412		—		412		12,085		412		(467	)		12,030

DRS Imaging Services, LLC	Common Equity (6)		—		1,070			—		—		—		—		2,671		1,070		—			3,741

Pfanstiehl Holdings, Inc	Common Equity		—		1,009			—		874		—		874		79,421		1,009		—			80,430

SSJA Bariatric Management LLC	First Lien Debt		—		(1	)		6		—		—		6		235		—		(1	)		234
	First Lien Debt		—		—			95		—		—		95		3,804		89		—			3,893
	Common Equity (6)		—		(172	)		—		—		—		—		1,729		—		(172	)		1,557
			—		(173	)		101		—		—		101		5,768		89		(173	)		5,684

Total Affiliate Investments		$	—	$	1,438		$	101	$	1,286	$	—	$	1,387	$	99,945	$	2,580	$	(640	)	$	101,885

(1)

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

(2)

Represents the total amount of interest, fees or dividends included in income for the three months ended March 31, 2026.

(3)

Gross additions include increases in cost basis of investments resulting from a new portfolio investment, PIK interest, fees and dividends, accretion of Net Loan Fees, and net increases in unrealized appreciation or decreases in net unrealized depreciation.

(4)

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

(5)

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

(6)

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

(7)

Dividends recognized as income include PIK dividends contractually earned but not declared.

Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Schedule of Commitments to Fund Investments

The following table shows the Company’s outstanding commitments to fund investments to portfolio companies as of March 31, 2026:


Portfolio Company	Investment Type	Commitment
12 Interactive, LLC (D/B/A PerkSpot)	First Lien Debt (Revolver)	$	660
Associated Spring, LLC	First Lien Debt (Delayed Draw)		1,276
Boca Home Care Holdings, Inc.	First Lien Debt (Revolver)		1,065
Clevertech Bidco, LLC	First Lien Debt (Revolver)		182
Honor HN Buyer Inc.	First Lien Debt (Revolver)		104
Honor HN Buyer Inc.	First Lien Debt (Delayed Draw)		600
I Love Produce, LLC	First Lien Debt (Revolver)		34
I Love Produce, LLC	First Lien Debt (Delayed Draw)		152
Integrated Energy Services, LLC	First Lien Debt (Delayed Draw)		300
Integrated Energy Services, LLC	First Lien Debt (Revolver)		150
Medrina LLC	First Lien Debt (Revolver)		319
PSB Group, LLC	First Lien Debt (Revolver)		653
SS Acquisition, LLC	First Lien Debt (Revolver)		1,286
SSJA Bariatric Management LLC	First Lien Debt (Delayed Draw)		157
Tolemar Acquisition, Inc.	First Lien Debt (Revolver)		875
Total		$	7,813

The following table shows the Company’s outstanding commitments to fund investments to portfolio companies as of December 31, 2025:


Portfolio Company	Investment Type	Commitment
12 Interactive, LLC (D/B/A PerkSpot)	First Lien Debt (Revolver)	$	660
Associated Spring, LLC	First Lien Debt (Delayed Draw)		1,483
Avison Young Inc.	First Lien Debt (Delayed Draw)		34
Boca Home Care Holdings, Inc.	First Lien Debt (Revolver)		1,065
Clevertech Bidco, LLC	First Lien Debt (Revolver)		182
Envocore Holding, LLC (F/K/A LRI Holding, LLC)	First Lien Debt (Revolver)		2,569
Honor HN Buyer Inc.	First Lien Debt (Revolver)		328
Honor HN Buyer Inc.	First Lien Debt (Delayed Draw)		3,062
Integrated Energy Services, LLC	First Lien Debt (Delayed Draw)		300
Integrated Energy Services, LLC	First Lien Debt (Revolver)		150
Medrina LLC	First Lien Debt (Revolver)		319
PSB Group, LLC	First Lien Debt (Revolver)		653
SS Acquisition, LLC	First Lien Debt (Revolver)		1,286
SSJA Bariatric Management LLC	First Lien Debt (Delayed Draw)		157
Tolemar Acquisition, Inc.	First Lien Debt (Revolver)		978
Total		$	13,226

Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Investments, amortized cost

$ 296,782

^[1]

$ 328,400

^[2]

Preferred stock, par value (in usd per share)

$ 0.01

Preferred stock, authorized (in shares)

2,000,000

Preferred stock, issued (in shares)

Preferred stock, outstanding (in shares)

Common stock, par value (in usd per share)

$ 0.01

Common stock, authorized (in shares)

100,000,000

Common stock, issued (in shares)

13,398,078

Common stock, outstanding (in shares)

13,398,078

Unsecured Notes

Unamortized Debt Issuance Costs

$ 2,554

$ 2,812

Non-control/non-affiliate investments

Investments, amortized cost

268,628

^[1]

300,748

^[2]

Affiliate investments

Investments, amortized cost

$ 28,154

^[1]

$ 27,652

^[2]

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.

Investments - Narrative (Details)
$ in Thousands

3 Months Ended

Mar. 31, 2026

USD ($)

Investment

Dec. 31, 2025

USD ($)

Investment

Schedule of Investments [Line Items]

Amortized cost of loans on non-accrual additions

$ 1,499

Investment Owned, Fair Value

308,120

^[1],[2]

$ 342,015

^[3],[4]

Fair value of loans on non-accrual additions

$ 982

Number of portfolio companies | Investment

Investment Owned, Cost

$ 296,782

^[1]

328,400

^[3]

Number of non-portfolio investments | Investment

Amortized cost of loans on non-accrual status

$ 31,468

36,567

Fair value of loans on non-accrual status

$ 10,897

14,400

Adviser Concentration Risk | Portfolio Fair Value | Single Adviser

Schedule of Investments [Line Items]

Concentration risk, percentage

4.40%

Adviser Concentration Risk | Portfolio Net Assets | Single Adviser

Schedule of Investments [Line Items]

Concentration risk, percentage

12.50%

First lien debt investments

Schedule of Investments [Line Items]

Investment Owned, Fair Value

$ 152,713

^[5]

$ 170,405

^[6]

Number of portfolio companies | Investment

Investment Owned, Cost

$ 171,353

^[5]

$ 188,236

^[6]

Investment percentage

98.00%

95.00%

Number of non-portfolio investments | Investment

Second Lien Debt Investment [Member]

Schedule of Investments [Line Items]

Investment Owned, Fair Value

$ 2,382

Investment Owned, Cost

$ 6,584

Investment percentage

2.00%

5.00%

Realized Investment Gains (Losses)

$ 4,284

Net proceeds partial recovery of debt

$ 2,300

Equity investments

Schedule of Investments [Line Items]

Number of portfolio companies | Investment

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $125,291 and $110,530, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.
[6]	Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $130,270 and $116,279, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.

Investments - By Portfolio Concentration (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Amortized Cost

$ 296,782

^[1]

$ 328,400

^[2]

Fair Value

$ 308,120

^[1],[3]

$ 342,015

^[2],[4]

Investment Owned, Percent Of Fair Value

100.00%

Investment Owned, Net Assets, Percentage

281.80%

^[1]

277.60%

^[2]

Commitment

$ 7,813

$ 13,226

Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

66,160

Fair Value

$ 145,251

Investment Owned, Percent Of Fair Value

47.10%

Investment Owned, Net Assets, Percentage

133.00%

Pfanstiehl Holdings, Inc. | Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

$ 217

Fair Value

$ 80,430

Investment Owned, Percent Of Fair Value

26.10%

Investment Owned, Net Assets, Percentage

73.60%

Kreg LLC | Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

$ 18,390

Fair Value

$ 17,984

Investment Owned, Percent Of Fair Value

5.80%

Investment Owned, Net Assets, Percentage

16.50%

SS Acquisition, LLC | Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

^[5]

$ 17,183

Fair Value

^[5]

$ 17,420

Investment Owned, Percent Of Fair Value

^[5]

5.70%

Investment Owned, Net Assets, Percentage

^[5]

16.00%

Inergex Holdings, LLC | Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

$ 17,351

Fair Value

$ 17,387

Investment Owned, Percent Of Fair Value

5.60%

Investment Owned, Net Assets, Percentage

15.90%

Contract Datascan Holdings, Inc. | Portfolio Customers Over Ten Percent

Schedule of Investments [Line Items]

Amortized Cost

$ 13,019

Fair Value

$ 12,030

Investment Owned, Percent Of Fair Value

3.90%

Investment Owned, Net Assets, Percentage

11.00%

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	As of March 31, 2026, the Company had an outstanding commitment of $1,286 to fund the portfolio company’s undrawn revolver facility.

Borrowings (Tables)

3 Months Ended

Mar. 31, 2026

Line of Credit Facility [Line Items]

Schedule of Debt Instruments

For the three months ended March 31, 2026 and 2025, the components of interest expense, cash paid for interest, average interest rates and average outstanding balances for the Unsecured Notes were as follows:


	Three Months Ended March 31,
	2026			2025
Stated interest expense	$	2,555		$	2,165
Amortization of debt issuance costs		258			245
Total interest and debt financing costs	$	2,813		$	2,410
Cash paid for interest expense	$	2,852		$	3,648
Effective interest rate		7.32	%		5.35	%
Average outstanding balance	$	155,933		$	180,000

Schedule of Credit Facilities

For the three months ended March 31, 2026 and 2025, the average dollar borrowings and weighted average effective interest rate on the Company’s outstanding borrowings were as follows:


	Three Months Ended March 31,
	2026			2025
Average dollar borrowings	$	214,953		$	248,690
Weighted average effective interest rate		7.34	%		6.29	%

Schedule of Scheduled Maturities

The following table shows the scheduled maturities of the principal balances of the Company’s outstanding borrowings as of March 31, 2026:


	Payments due by period
	Total		Less than 1 year		1 to 3 years		3 to 5 years		After 5 years
Banc of California Credit Facility	$	8,750	$	—	$	8,750	$	—	$	—
Natixis Facility		44,700		—		—		44,700		—
Unsecured Notes		149,000		—		124,000		25,000		—
Total	$	202,450	$	—	$	132,750	$	69,700	$	—

Natixis Facility [Member]

Line of Credit Facility [Line Items]

Schedule of Debt Instruments

For the three months ended March 31, 2026 and 2025, the components of interest expense, cash paid for interest, effective interest rates and average outstanding balances for the Natixis Facility were as follows:


	Three Months Ended March 31,
	2026			2025
Stated interest expense(1)	$	398		$	—
Amortization of debt issuance costs		41			—
Total interest and debt financing costs	$	439		$	—
Cash paid for interest expense	$	33		$	—
Effective interest rate		7.30	%	n/a
Average outstanding balance	$	24,374		$	—

(1) Stated interest expense includes unused fees.

BNP Facility [Member]

Line of Credit Facility [Line Items]

Schedule of Debt Instruments

For the three months ended March 31, 2026 and 2025, the components of interest expense, cash paid for interest, average interest rates and average outstanding balances for the BNP Facility were as follows:


	Three Months Ended March 31,
	2026			2025
Stated interest expense(1)	$	437		$	1,264
Amortization of debt issuance costs		37			95
Total interest and debt financing costs	$	474		$	1,359
Cash paid for interest expense	$	752		$	1,291
Effective interest rate		7.12	%		8.39	%
Average outstanding balance	$	27,004		$	65,701

Banc of California Credit Facility [Member]

Line of Credit Facility [Line Items]

Schedule of Debt Instruments

For the three months ended March 31, 2026 and 2025, the components of interest expense, cash paid for interest, average interest rates and average outstanding balances for the Banc of California Credit Facility were as follows:


	Three Months Ended March 31,
	2026			2025
Stated interest expense	$	134		$	58
Amortization of debt issuance costs		29			31
Total interest and debt financing costs	$	163		$	89
Cash paid for interest expense	$	136		$	58
Effective interest rate		8.65	%		12.13	%
Average outstanding balance	$	7,642		$	2,989

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 942
-SubTopic 235
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S50
-Paragraph 4
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 45
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482925/835-30-45-2

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-3

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477734/942-470-50-3

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-8

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-6

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481112/505-10-50-7

+ Details

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Mar. 31, 2026	Mar. 31, 2025
Pay vs Performance Disclosure
Net Income (Loss)	$ (11,588)	$ (7,287)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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+ Details

Consolidated Schedule of Investments In and Advances To Affiliates

3 Months Ended

Mar. 31, 2026

Investments in and Advances to Affiliates [Abstract]

Consolidated Schedule of Investments In and Advances To Affiliates

Note 10. Consolidated Schedule of Investments In and Advances To Affiliates


		Three Months Ended March 31, 2026
Name of Portfolio Company	Investment Type (1)	Net Realized Gain (Loss)		Net Change in Unrealized Appreciation/ (Depreciation)			Interest		Dividends		Fees		Total Income (2)		December 31, 2025 , Fair Value (5)		Gross Additions (3)		Gross Reductions (4)			March 31, 2026 , Fair Value (5)
Affiliate Investments
Contract Datascan Holdings, Inc.	Preferred Equity (7)	$	—	$	(467	)	$	—	$	316	$	—	$	316	$	9,201	$	316	$	(467	)	$	9,050
	Preferred Equity (7)		—		—			—		96		—		96		2,884		96		—			2,980
	Common Equity (6)		—		—			—		—		—		—		—		—		—			—
	Warrants (6)		—		—			—		—		—		—		—		—		—			—
	Warrants (6)		—		—			—		—		—		—		—		—		—			—
			—		(467	)		—		412		—		412		12,085		412		(467	)		12,030

DRS Imaging Services, LLC	Common Equity (6)		—		1,070			—		—		—		—		2,671		1,070		—			3,741

Pfanstiehl Holdings, Inc	Common Equity		—		1,009			—		874		—		874		79,421		1,009		—			80,430

SSJA Bariatric Management LLC	First Lien Debt		—		(1	)		6		—		—		6		235		—		(1	)		234
	First Lien Debt		—		—			95		—		—		95		3,804		89		—			3,893
	Common Equity (6)		—		(172	)		—		—		—		—		1,729		—		(172	)		1,557
			—		(173	)		101		—		—		101		5,768		89		(173	)		5,684

Total Affiliate Investments		$	—	$	1,438		$	101	$	1,286	$	—	$	1,387	$	99,945	$	2,580	$	(640	)	$	101,885

(1)

(2)

Represents the total amount of interest, fees or dividends included in income for the three months ended March 31, 2026.

(3)

(4)

(5)

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

(6)

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

(7)

Dividends recognized as income include PIK dividends contractually earned but not declared.

Fair Value of Financial Instruments - Significant Level 3 Inputs (Details)
$ in Thousands

Mar. 31, 2026

USD ($)

Dec. 31, 2025

USD ($)

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

$ 308,120

^[1],[2]

$ 342,015

^[3],[4]

Level 3

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

295,346

327,206

Level 3 | Discounted cash flow | First lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

114,453

115,014

Level 3 | Discounted cash flow | Second lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

2,031

2,500

Level 3 | Discounted cash flow | Subordinated notes | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

42,129

^[5]

53,368

^[6]

Level 3 | Discounted cash flow | Mezzanine debt

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

6,385

^[5]

8,074

^[6]

Level 3 | Market approach | First lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

22,861

21,925

Level 3 | Market approach | First lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

8,225

Level 3 | Market approach | First lien debt investments | Transaction price

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

2,625

10,432

Level 3 | Market approach | Second lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

448

Level 3 | Market approach | Second lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

1,793

6,461

Level 3 | Market approach | Subordinated notes | Net asset value liquidation

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

^[7]

163

Level 3 | Market approach | Mezzanine debt | Net asset value liquidation

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

^[5],[7]

130

Level 3 | Market approach | Preferred Stock [Member] | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

12,392

12,448

Level 3 | Market approach | Preferred Stock [Member] | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

334

119

Level 3 | Market approach | Common equity, warrants and other | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

$ 90,168

88,029

Level 3 | Market approach | Common equity, warrants and other | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value

$ 0

Level 3 | Minimum | Discounted cash flow | First lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.086

^[8]

861

^[9]

Level 3 | Minimum | Discounted cash flow | Second lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.239

^[8]

1,370

^[9]

Level 3 | Minimum | Discounted cash flow | Subordinated notes | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.165

^[5],[8]

1,300

^[6],[9]

Level 3 | Minimum | Discounted cash flow | Subordinated notes | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.02

^[5],[8]

200

^[6],[9]

Level 3 | Minimum | Discounted cash flow | Subordinated notes | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Minimum | Discounted cash flow | Mezzanine debt | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.02

^[5],[8]

200

^[6],[9]

Level 3 | Minimum | Discounted cash flow | Mezzanine debt | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Minimum | Discounted cash flow | Mezzanine debt | Discount margin

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.14

^[5],[8]

910

^[6],[9]

Level 3 | Minimum | Market approach | First lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.03

^[8]

300

^[9]

Level 3 | Minimum | Market approach | First lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

Level 3 | Minimum | Market approach | Second lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0625

^[8]

900

^[9]

Level 3 | Minimum | Market approach | Second lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0088

^[8]

^[9]

Level 3 | Minimum | Market approach | Preferred Stock [Member] | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.075

^[8]

725

^[9]

Level 3 | Minimum | Market approach | Preferred Stock [Member] | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.005

^[8]

^[9]

Level 3 | Minimum | Market approach | Common equity, warrants and other | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.05

^[8]

600

^[9]

Level 3 | Minimum | Market approach | Common equity, warrants and other | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

Level 3 | Maximum | Discounted cash flow | First lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.375

^[8]

3,750

^[9]

Level 3 | Maximum | Discounted cash flow | Second lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.239

^[8]

1,370

^[9]

Level 3 | Maximum | Discounted cash flow | Subordinated notes | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.40

^[5],[8]

2,750

^[6],[9]

Level 3 | Maximum | Discounted cash flow | Subordinated notes | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.03

^[5],[8]

300

^[6],[9]

Level 3 | Maximum | Discounted cash flow | Subordinated notes | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Maximum | Discounted cash flow | Mezzanine debt | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.02

^[5],[8]

200

^[6],[9]

Level 3 | Maximum | Discounted cash flow | Mezzanine debt | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Maximum | Discounted cash flow | Mezzanine debt | Discount margin

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.155

^[5],[8]

1,070

^[6],[9]

Level 3 | Maximum | Market approach | First lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0775

^[8]

800

^[9]

Level 3 | Maximum | Market approach | First lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

Level 3 | Maximum | Market approach | Second lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0625

^[8]

900

^[9]

Level 3 | Maximum | Market approach | Second lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0088

^[8]

^[9]

Level 3 | Maximum | Market approach | Preferred Stock [Member] | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.08

^[8]

850

^[9]

Level 3 | Maximum | Market approach | Preferred Stock [Member] | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.005

^[8]

^[9]

Level 3 | Maximum | Market approach | Common equity, warrants and other | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.1375

^[8]

1,475

^[9]

Level 3 | Maximum | Market approach | Common equity, warrants and other | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

Level 3 | Weighted Average | Discounted cash flow | First lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.1339

^[8]

1,277

^[9]

Level 3 | Weighted Average | Discounted cash flow | Second lien debt investments | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.239

^[8]

1,370

^[9]

Level 3 | Weighted Average | Discounted cash flow | Subordinated notes | Discount rates

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.2332

^[5],[8]

1,873

^[6],[9]

Level 3 | Weighted Average | Discounted cash flow | Subordinated notes | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0211

^[5],[8]

208.00

^[6],[9]

Level 3 | Weighted Average | Discounted cash flow | Subordinated notes | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Weighted Average | Discounted cash flow | Mezzanine debt | Constant default rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.02

^[5],[8]

200

^[6],[9]

Level 3 | Weighted Average | Discounted cash flow | Mezzanine debt | Recovery rate

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.65

^[5],[8]

6,500

^[6],[9]

Level 3 | Weighted Average | Discounted cash flow | Mezzanine debt | Discount margin

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.1497

^[5],[8]

962

^[6],[9]

Level 3 | Weighted Average | Market approach | First lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0586

^[8]

611

^[9]

Level 3 | Weighted Average | Market approach | First lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

Level 3 | Weighted Average | Market approach | Second lien debt investments | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0625

^[8]

900

^[9]

Level 3 | Weighted Average | Market approach | Second lien debt investments | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0088

^[8]

^[9]

Level 3 | Weighted Average | Market approach | Preferred Stock [Member] | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.0799

^[8]

846

^[9]

Level 3 | Weighted Average | Market approach | Preferred Stock [Member] | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.005

^[8]

^[9]

Level 3 | Weighted Average | Market approach | Common equity, warrants and other | EBITDA multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

0.119

^[8]

1,233

^[9]

Level 3 | Weighted Average | Market approach | Common equity, warrants and other | Revenue multiples

Fair Value Measurement Inputs and Valuation Techniques [Line Items]

Investments, at fair value, measurement input

^[9]

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	The cash flows utilized in the discounted cash flow calculations assume: (i) liquidation of (a) certain distressed investments and (b) all investments currently in default held by the issuing CLO at their current market prices; and (ii) redeployment of proceeds at the issuing CLO’s assumed reinvestment rate.
[6]	The cash flows utilized in the discounted cash flow calculations assume: (i) liquidation of (a) certain distressed investments and (b) all investments currently in default held by the issuing CLO at their current market prices; and (ii) redeployment of proceeds at the issuing CLO’s assumed reinvestment rate. (3) NAV liquidation represents the fair value, or estimated expected residual value, of the investment.
[7]	NAV liquidation represents the fair value, or estimated expected residual value, of the investment.
[8]	Weighted average is calculated based on the fair value of investments.
[9]	Weighted average is calculated based on the fair value of investments.

Investments (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Investments [Abstract]

Schedule of Investments

As of March 31, 2026, the Company had loans to 34 portfolio companies, of which approximately 98% were first lien debt investments and 2% were second lien debt investments, at fair value. The Company also had equity investments in 14 portfolio companies and 13 investments in Structured Finance Securities. As of March 31, 2026, the Company’s investments consisted of the following:


			Percentage of Total								Percentage of Total
	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
First lien debt investments(1)	$	171,353		57.6	%		156.8	%	$	152,713		49.5	%		139.6	%
Second lien debt investments		18,340		6.2	%		16.8	%		3,869		1.3	%		3.5	%
Preferred equity		14,699		5.0	%		13.4	%		12,726		4.1	%		11.6	%
Common equity, warrants and other(2)		18,598		6.3	%		17.0	%		90,168		29.3	%		82.5	%
Total debt and equity investments	$	222,989		75.1	%		204.0	%	$	259,476		84.2	%		237.2	%
Structured Finance Securities		73,793		24.9	%		67.5	%		48,644		15.8	%		44.6	%
Total investments	$	296,782		100.0	%		271.5	%	$	308,120		100.0	%		281.8	%

(1)

Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $125,291 and $110,530, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.

(2)

Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.

Geographic composition is determined by the location of the corporate headquarters of the portfolio company. All international investments are denominated in U.S. dollars. As of March 31, 2026 and December 31, 2025, the Company’s investment portfolio was domiciled as follows:


	March 31, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
United States	$	218,101	$	256,964	$	245,902	$	278,274
Canada(1)		4,888		2,512		4,865		2,136
Cayman Islands(1)(2)		69,268		43,997		73,360		57,112
Jersey(1)(2)		4,525		4,647		4,273		4,493
Total investments	$	296,782	$	308,120	$	328,400	$	342,015

(1)

Represents non-qualifying assets under Section 55(a) of the 1940 Act.

(2)

Investments domiciled in the Cayman Islands and Jersey represent certain Structured Finance Securities held by the Company. These investments generally represent beneficial interests in underlying portfolios of debt investments in companies domiciled in the United States.

As of March 31, 2026, the industry composition of the Company’s investment portfolio was as follows:


			Percentage of Total								Percentage of Total
Industry	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
Administrative and Support and Waste Management and Remediation Services	$	11,210		3.8	%		10.3	%	$	10,983		3.6	%		10.0	%
Construction		1,510		0.4	%		1.4	%		1,001		0.3	%		0.9	%
Education Services		17,853		6.0	%		16.3	%		18,047		5.9	%		16.5	%
Finance and Insurance		3,191		1.1	%		2.9	%		3,063		1.0	%		2.8	%
Health Care and Social Assistance		63,406		21.4	%		58.0	%		40,787		13.2	%		37.3	%
Information		23,632		8.0	%		21.6	%		19,602		6.5	%		17.9	%
Management of Companies and Enterprises		12,533		4.2	%		11.5	%		10,916		3.5	%		10.0	%
Manufacturing		21,976		7.4	%		20.1	%		96,542		31.3	%		88.3	%
Other Services (except Public Administration)		494		0.2	%		0.5	%		490		0.2	%		0.4	%
Professional, Scientific, and Technical Services		19,828		6.7	%		18.1	%		19,872		6.4	%		18.2	%
Public Administration		703		0.2	%		0.6	%		37		0.0	%		0.0	%
Real Estate and Rental and Leasing		26,139		8.8	%		23.9	%		22,887		7.4	%		20.9	%
Retail Trade		8,981		3.0	%		8.2	%		8,077		2.6	%		7.4	%
Wholesale Trade		11,534		3.9	%		10.6	%		7,174		2.3	%		6.6	%
Total debt and equity investments	$	222,989		75.1	%		204.0	%	$	259,476		84.2	%		237.2	%
Structured Finance Securities		73,793		24.9	%		67.5	%		48,644		15.8	%		44.6	%
Total investments	$	296,782		100.0	%		271.5	%	$	308,120		100.0	%		281.8	%

As of December 31, 2025, the Company had loans to 34 portfolio companies, of which 95% were first lien debt investments and 5% were second lien debt investments, at fair value. The Company also held equity investments in 15 portfolio companies and 14 investments in Structured Finance Securities. At December 31, 2025, the Company’s investments consisted of the following:


			Percentage of Total								Percentage of Total
	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
First lien debt investments(1)	$	188,236		57.3	%		152.8	%	$	170,405		49.8	%		138.4	%
Second lien debt investments		24,924		7.6	%		20.2	%		9,409		2.8	%		7.6	%
Preferred equity		14,287		4.4	%		11.6	%		12,567		3.7	%		10.2	%
Common equity, warrants and other(2)		23,320		7.1	%		18.9	%		88,029		25.7	%		71.6	%
Total debt and equity investments	$	250,767		76.4	%		203.5	%	$	280,410		82.0	%		227.8	%
Structured Finance Securities		77,633		23.6	%		63.0	%		61,605		18.0	%		49.8	%
Total investments	$	328,400		100.0	%		266.5	%	$	342,015		100.0	%		277.6	%

(1)

Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $130,270 and $116,279, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.

(2)

Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.

As of December 31, 2025, the industry compositions of the Company’s debt and equity investments were as follows:


			Percentage of Total								Percentage of Total
Industry	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
Administrative and Support and Waste Management and Remediation Services	$	11,234		3.4	%		9.1	%	$	11,006		3.2	%		8.9	%
Construction		18,986		5.8	%		15.4	%		9,644		2.8	%		7.8	%
Education Services		17,891		5.4	%		14.5	%		18,023		5.3	%		14.6	%
Finance and Insurance		3,193		1.0	%		2.6	%		3,068		0.9	%		2.5	%
Health Care and Social Assistance		68,571		20.9	%		55.7	%		48,653		14.3	%		39.6	%
Information		23,651		7.2	%		19.2	%		18,136		5.3	%		14.7	%
Management of Companies and Enterprises		12,562		3.8	%		10.2	%		11,419		3.3	%		9.3	%
Manufacturing		22,336		6.8	%		18.1	%		97,061		28.4	%		78.8	%
Other Services (except Public Administration)		1,493		0.5	%		1.2	%		1,498		0.4	%		1.2	%
Professional, Scientific, and Technical Services		19,384		5.9	%		15.7	%		19,451		5.7	%		15.8	%
Public Administration		703		0.2	%		0.6	%		33		0.0	%		0.0	%
Real Estate and Rental and Leasing		25,720		7.8	%		20.9	%		22,507		6.6	%		18.4	%
Retail Trade		13,355		4.1	%		10.8	%		11,895		3.5	%		9.7	%
Wholesale Trade		11,688		3.6	%		9.5	%		8,016		2.3	%		6.5	%
Total debt and equity investments	$	250,767		76.4	%		203.5	%	$	280,410		82.0	%		227.8	%
Structured Finance Securities		77,633		23.6	%		63.0	%		61,605		18.0	%		49.8	%
Total investments	$	328,400		100.0	%		266.5	%	$	342,015		100.0	%		277.6	%

Schedule of Portfolio Concentrations

The following table presents the Company’s portfolio companies based on fair value that comprise greater than 10% of the Company’s total net assets as of March 31, 2026:


							Percentage of Total
Portfolio Company	Investment Type	Industry	Amortized Cost		Fair Value		Fair Value			Net Assets
Pfanstiehl Holdings, Inc.	Common Equity	Manufacturing	$	217	$	80,430		26.1	%		73.6	%
Kreg LLC	First Lien Debt	Health Care and Social Assistance		18,390		17,984		5.8			16.5
SS Acquisition, LLC(1)	First Lien Debt	Education Services		17,183		17,420		5.7			16.0
Inergex Holdings, LLC	First Lien Debt	Professional, Scientific, and Technical Services		17,351		17,387		5.6			15.9
Contract Datascan Holdings, Inc.	Preferred and Common Equity	Real Estate and Rental and Leasing		13,019		12,030		3.9			11.0
Total			$	66,160	$	145,251		47.1	%		133.0	%

(1)

As of March 31, 2026, the Company had an outstanding commitment of $1,286 to fund the portfolio company’s undrawn revolver facility.

Consolidated Schedule of Investments (Parenthetical) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Principal Amount

$ 312,907

^[1]

$ 343,435

^[2]

Effective accretable yield

0.00%

Qualifying assets percentage

83.00%

81.00%

Cash and cash equivalents

$ 1,977

$ 3,050

Minimum

Schedule of Investments [Line Items]

Effective accretable yield

5.00%

Qualifying assets percentage

70.00%

Nonresidential Property Managers [Member] | Common Class B [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

1,185

Nonresidential Property Managers [Member] | Preferred Class A [Member]

Schedule of Investments [Line Items]

Interest Rate, PIK

12.50%

Share of common stock owned (in shares)

1,715

Services For The Elderly And Persons With Disabilities [Member] | Common Class A [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

1,290

Services For The Elderly And Persons With Disabilities [Member] | Preferred Class A [Member]

Schedule of Investments [Line Items]

Interest Rate, PIK

2.00%

Interest rate, cash

12.00%

Share of common stock owned (in shares)

3,446

Other Justice, Public Order, and Safety Activities [Member] | Common Stock

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

20,628

Drugs and Druggists' Sundries Merchant Wholesalers [Member] | Common Stock

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

12,663

All Other General Merchandise Stores [Member] | Common Stock

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

499

Other Industrial Machinery Manufacturing [Member] | Common Stock

Schedule of Investments [Line Items]

Warrants

$ 73,000

Software Publishers [Member] | Common Class A [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

345,339

Convention and Trade Show Organizers [Member] | Preferred Equity Series B [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

1,603

Professional and Management Development Training [Member] | Common Class A [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

670

1,595,238

Medical Laboratories [Member] | Preferred Stock [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

4,701

151,786

Office Machinery and Equipment Rental and Leasing [Member] | Preferred Equity Series A [Member]

Schedule of Investments [Line Items]

Interest Rate, PIK

10.00%

Share of common stock owned (in shares)

3,061

Office Machinery and Equipment Rental and Leasing [Member] | Preferred Equity Series A [Member] | Warrant Shares [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

224

Office Machinery and Equipment Rental and Leasing [Member] | Preferred Equity Series C [Member]

Schedule of Investments [Line Items]

Interest Rate, PIK

14.00%

Share of common stock owned (in shares)

2,750

Office Machinery and Equipment Rental and Leasing [Member] | Common Stock

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

11,273

Office Machinery and Equipment Rental and Leasing [Member] | Common Stock | Warrant Shares [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

1,946

Data Processing, Hosting, and Related Services [Member] | Common Stock

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

1,135

Pharmaceutical Preparation Manufacturing [Member] | Common Class A [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

400

Offices of Physicians and Mental Health Specialists [Member] | Common Class A [Member]

Schedule of Investments [Line Items]

Share of common stock owned (in shares)

52,763

5,276

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

8.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

8.50%

Interest rate, cash

12.31%

12.20%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.81%

3.70%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

12.31%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.81%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

5.85%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

5.85%

Interest rate, cash

11.16%

11.05%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.66%

5.20%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

11.40%

12.10%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.90%

5.60%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

11.44%

11.99%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.94%

5.49%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

2.00%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

2.00%

Interest rate, cash

12.85%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.85%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver)

Schedule of Investments [Line Items]

Maximum PIK rate allowed

2.00%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver) | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

2.00%

Interest rate, cash

12.85%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver) | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.85%

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians and Mental Health Specialists Interest Rate 9.07% Spread Above Index SOFR+ 5.25 % Initial Acquisition Date 10/31/2025 Maturity 10/31/2028

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[4]

$ 234

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians and Mental Health Specialists Interest Rate 9.07%PIK Spread Above Index SOFR+ 5.25 % Initial Acquisition Date 12/31/2020 Maturity 10/31/2028

Schedule of Investments [Line Items]

Principal Amount

^[1],[4],[5]

$ 3,893

Interest Rate, PIK

^{[1],[4],[5],[6]}

9.07%

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians, Mental Health Specialists Interest Rate 9.24% PIK Spread Above Index SOFR+5.25% Initial Acquisition Date 12/31/2020 Maturity 10/31/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[8]

$ 3,804

Interest Rate, PIK

^{[2],[7],[8],[9]}

9.24%

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians, Mental Health Specialists Interest Rate 9.24% Spread Above Index SOFR+5.25% Initial Acquisition Date 10/31/2025 Maturity 10/31/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[8],[10]

$ 234

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments 24 Seven Holdco, LLC Debt and Equity Investments First Lien Debt Industry Temporary Help Services Interest Rate 10.96% Spread Above Index SOFR + 7.13% Initial Acquisition Date 1/28/2022 Maturity 11/16/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

8,386

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt (Revolver) (5) Industry Software Publishers Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[11]

$ 0

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[12]

1,120

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[12]

1,453

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[11]

1,117

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[11]

1,449

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 24 Seven Holdco, LLC First Lien Debt Industry Temporary Help Services Interest Rate 10.91% Spread Above Index SOFR+ 7.13% Initial Acquisition Date 1/28/2022 Maturity 11/16/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

8,363

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.92% Spread Above Index SOFR+ 5.25% Initial Acquisition Date 7/22/2022 Maturity 7/22/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

1,935

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/22/2022 Maturity 7/22/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

1,940

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/31/2023 Maturity 7/22/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Allen Media, LLC First Lien Debt Industry Cable and Other Subscription Programming Interest Rate 9.32% Spread Above Index SOFR + 5.50% Initial Acquisition Date 3/2/2021 Maturity 2/10/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

3,652

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Allen Media, LLC First Lien Debt Industry Cable and Other Subscription Programming Interest Rate 9.35% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 3/2/2021 Maturity 2/10/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

3,642

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt (Delayed Draw) Industry Spring Manufacturing Interest Rate 8.52% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[5]

444

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt (Delayed Draw) Industry Spring Manufacturing Interest Rate 8.57% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[13]

238

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.53% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

2,205

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.59% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

2,219

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Asurion, LLC First Lien Debt Industry Communication Equipment Repair and Maintenance Interest Rate 7.92% Spread Above Index SOFR+ 4.25% Initial Acquisition Date 10/28/2025 Maturity 9/19/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

495

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Asurion, LLC First Lien Debt Industry Communication Equipment Repair and Maintenance Interest Rate 7.97% Spread Above Index SOFR + 4.25% Initial Acquisition Date 10/28/2025 Maturity 9/19/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

1,496

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt (Delayed Draw) Industry Nonresidential Property Managers Spread Above Index SOFR + 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^{[2],[13],[16]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 3.70% cash / 8.50% PIK Spread Above Index SOFR + 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^{[2],[16],[17]}

$ 82

Interest Rate, PIK

^{[2],[9],[16],[17]}

8.50%

Interest rate, cash

^{[2],[9],[16],[17]}

3.70%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.66% cash / 6.50% PIK Spread Above Index SOFR+ 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[18]

$ 235

Interest Rate, PIK

^{[1],[5],[6],[18]}

6.50%

Interest rate, cash

^{[1],[5],[6],[18]}

4.66%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.90% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 47189 3/12/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[18]

$ 327

Interest Rate, PIK

^{[1],[5],[6],[18]}

6.50%

Interest rate, cash

^{[1],[5],[6],[18]}

4.90%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.94% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[18]

$ 1,666

Interest Rate, PIK

^{[1],[5],[6],[18]}

6.50%

Interest rate, cash

^{[1],[5],[6],[18]}

4.94%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.20% cash / 5.85% PIK Spread Above Index SOFR + 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[16],[17]}

$ 231

Interest Rate, PIK

^{[2],[7],[9],[16],[17]}

5.85%

Interest rate, cash

^{[2],[7],[9],[16],[17]}

5.20%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.49% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[16],[17]}

$ 1,669

Interest Rate, PIK

^{[2],[7],[9],[16],[17]}

6.50%

Interest rate, cash

^{[2],[7],[9],[16],[17]}

5.49%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.60% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[16],[17],[19],[20]}

$ 329

Interest Rate, PIK

^{[2],[7],[9],[16],[17],[19],[20]}

6.50%

Interest rate, cash

^{[2],[7],[9],[16],[17],[19],[20]}

5.60%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[18]

$ 84

Interest Rate, PIK

^{[1],[5],[6],[18]}

6.50%

Interest rate, cash

^{[1],[5],[6],[18]}

5.81%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 46733 12/12/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[18]

$ 35

Interest Rate, PIK

^{[1],[5],[6],[18]}

6.50%

Interest rate, cash

^{[1],[5],[6],[18]}

5.81%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.43% Spread Above Index SOFR + 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[19]

$ 4,962

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[21]

$ 4,962

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028 One

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[21]

3,988

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.70% Spread Above Index SOFR + 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Schedule of Investments [Line Items]

Principal Amount

^[2]

3,988

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Blackhawk Network Holdings, Inc. First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 7.17% Spread Above Index SOFR+ 3.50% Initial Acquisition Date 3/25/2026 Maturity 3/12/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

499

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt (Revolver) Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.42% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[4]

226

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt (Revolver) Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[8],[13]

226

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.42% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[4],[5]

8,946

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[8]

9,018

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Clevertech Bidco, LLC First Lien Debt (Revolver) Industry Commodity Contracts Dealing Interest Rate 10.57% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 11/3/2023 Maturity 12/30/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[13]

112

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Clevertech Bidco, LLC First Lien Debt Industry Commodity Contracts Dealing Interest Rate 10.57% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 11/3/2023 Maturity 12/30/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

3,133

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Clevertech Bidco, LLC Industry Commodity Contracts Dealing Interest Rate 10.60% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 11/3/2023 Maturity 12/30/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

3,125

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

112

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) First Lien Debt (Revolver) Industry Electrical Contractors and Other Wiring Installation Contractors Initial Acquisition Date 11/29/2021 Maturity 12/31/2027

Schedule of Investments [Line Items]

Principal Amount

^{[2],[13],[22]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) First Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 7.50% Initial Acquisition Date 6/30/2017 Maturity 12/31/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[22]

6,167

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Second Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 10.00% PIK Initial Acquisition Date 6/30/2017 Maturity 12/31/2028

Schedule of Investments [Line Items]

Principal Amount

^{[2],[19],[20],[22]}

$ 9,590

Interest Rate, PIK

^{[2],[9],[19],[20],[22]}

10.00%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Excelin Home Health, LLC Second Lien Debt Industry Home Health Care Services Interest Rate 18.00% PIK Initial Acquisition Date 10/25/2018 Maturity 10/1/2026

Schedule of Investments [Line Items]

Principal Amount

$ 7,439

^[1],[21]

$ 7,119

^[2],[19]

Interest Rate, PIK

18.00%

^[1],[6],[21]

18.00%

^[2],[9],[19]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.57% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

$ 924

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

1,276

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

$ 926

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028 One

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

1,280

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) First Lien Debt Industry Supermarkets and Other Grocery (except Convenience) Stores Interest Rate 10.52% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 7/20/2022 Maturity 8/1/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

8,908

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) First Lien Debt Industry Supermarkets and Other Grocery (except Convenience) Stores Interest Rate 10.55% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 7/20/2022 Maturity 8/1/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

8,885

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt (Delayed Draw) Industry Services for the Elderly and Persons with Disabilities Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2024 Maturity 10/15/2026

Schedule of Investments [Line Items]

Principal Amount

^[7],[13]

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[5]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt (Revolver) Industry Services for the Elderly and Persons with Disabilities Interest Rate 11.50% Spread Above Index Prime+ 4.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

^[2],[13]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.57% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

3,132

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

1,981

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

2,204

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

989

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027 One

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

626

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 3/31/2023 Maturity 10/15/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

696

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments I Love Produce, LLC First Lien Debt (Delayed Draw) Industry Spice and Extract Manufacturing Spread Above Index SOFR+ 6.00% Initial Acquisition Date 3/24/2026 Maturity 3/24/2031

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments I Love Produce, LLC First Lien Debt (Revolver) Industry Spice and Extract Manufacturing Interest Rate 11.75% Spread Above Index Prime+ 5.00% Initial Acquisition Date 3/24/2026 Maturity 3/24/2031

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments I Love Produce, LLC First Lien Debt Industry Spice and Extract Manufacturing Interest Rate 9.81% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 3/24/2026 Maturity 3/24/2031

Schedule of Investments [Line Items]

Principal Amount

^[1]

310

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Idera Inc. Second Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 10.56% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 1/27/2022 Maturity 3/2/2029

Schedule of Investments [Line Items]

Principal Amount

^[1]

2,683

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Idera Inc. Second Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 10.75% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 1/27/2022 Maturity 3/2/2029

Schedule of Investments [Line Items]

Principal Amount

^[2]

2,683

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt (Revolver) Industry Other Computer Related Services Interest Rate 10.82% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2018 Maturity 10/1/2026

Schedule of Investments [Line Items]

Principal Amount

^[2],[8]

2,344

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt (Revolver) Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Principal Amount

^{[1],[4],[18],[23]}

$ 2,813

Interest Rate, PIK

^{[1],[4],[6],[18],[23]}

2.00%

Interest rate, cash

^{[1],[4],[6],[18],[23]}

10.85%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.82% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2018 Maturity 10/1/2026

Schedule of Investments [Line Items]

Principal Amount

^[2],[8]

14,616

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Principal Amount

^{[1],[4],[18],[23]}

$ 14,574

Interest Rate, PIK

^{[1],[4],[6],[18],[23]}

2.00%

Interest rate, cash

^{[1],[4],[6],[18],[23]}

10.85%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt (Delayed Draw) Industry Computer Systems Design Services Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Schedule of Investments [Line Items]

Principal Amount

$ 0

^[1],[3]

^[2],[13]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt (Revolver) Industry Computer Systems Design Services Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

^[2],[13]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 9.20% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Schedule of Investments [Line Items]

Principal Amount

524

^[1],[5]

525

^[2],[7]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 10.67% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/2/2025 Maturity 9/30/2030

Schedule of Investments [Line Items]

Principal Amount

^[2]

335

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 10.70% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/2/2021 Maturity 9/30/2030

Schedule of Investments [Line Items]

Principal Amount

^[1]

334

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.17% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Principal Amount

^[2],[17]

$ 1,499

Interest Rate, PIK

^[2],[9],[17]

4.00%

Interest rate, cash

^[2],[9],[17]

5.17%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.20% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Principal Amount

^{[1],[5],[18],[21]}

$ 1,499

Interest Rate, PIK

^{[1],[5],[6],[18],[21]}

4.00%

Interest rate, cash

^{[1],[5],[6],[18],[21]}

5.20%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt (Revolver) Industry Other Ambulatory Health Care Services Interest Rate 10.09% Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Principal Amount

^{[2],[13],[24]}

$ 1,337

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt (Revolver) Industry Other Ambulatory Health Care Services Interest Rate 10.10% Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Principal Amount

^[1],[23]

$ 1,337

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt Industry Other Ambulatory Health Care Services Interest Rate 0.10% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Principal Amount

^{[1],[5],[18],[23]}

$ 17,071

Interest Rate, PIK

^{[1],[5],[6],[18],[23]}

0.50%

Interest rate, cash

^{[1],[5],[6],[18],[23]}

10.10%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt Industry Other Ambulatory Health Care Services Interest Rate 10.07% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[17],[24]}

$ 17,256

Interest Rate, PIK

^{[2],[7],[9],[17],[24]}

0.50%

Interest rate, cash

^{[2],[7],[9],[17],[24]}

10.07%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments M2S Group Intermediate Holdings Inc. First Lien Debt Industry Plastics Packaging Film and Sheet (including Laminated) Manufacturing Interest Rate 8.42% Spread Above Index SOFR+4.75% Intitial Acquisition Date 10/28/2025 Maturity 8/25/2031

Schedule of Investments [Line Items]

Principal Amount

^[1]

$ 460

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments M2S Group Intermediate Holdings Inc. First Lien Debt Industry Plastics Packaging Film and Sheet (including Laminated) Manufacturing Interest Rate 8.59% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 10/28/2025 Maturity 8/25/2031

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

$ 1,500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt (Revolver) Industry All Other Outpatient Care Centers Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[13]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt (Revolver) Industry All Other Outpatient Care Centers Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 10.22% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

367

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.63% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029 One

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

367

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

2,190

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

2,184

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Metasource, LLC First Lien Debt Industry All Other Business Support Services Interest Rate 10.18% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 5/17/2022 Maturity 5/17/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

$ 2,727

Interest Rate, PIK

^[2],[7],[9]

0.50%

Interest rate, cash

^[2],[7],[9]

10.18%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Metasource, LLC First Lien Debt Industry All Other Business Support Services Interest Rate 10.21% cash / 0.50% PIK Spread Above Index SOFR+6.25% Intitial Acquisition Date 5/17/2022 Maturity 5/17/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

$ 2,723

Interest Rate, PIK

^[1],[5],[6]

0.50%

Interest rate, cash

^[1],[5],[6]

10.21%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt (Revolver) Industry Offices of Other Holding Companies Interest Rate 10.52% Spread Above Index SOFR+6.75% Intitial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

$ 1,444

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt (Revolver) Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Principal Amount

^[2]

$ 1,444

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.52% Spread Above Index SOFR+6.75% Intitial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

7,261

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

3,827

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

7,280

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025 One

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

3,837

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt (Revolver) Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.42% Spread Above Index SOFR+6.75% Intitial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[4]

406

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt (Revolver) Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[8],[13]

406

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.42% Spread Above Index SOFR+6.75% Intitial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[4],[5]

7,862

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[8]

7,882

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) First Lien Debt Industry Software Publishers Interest Rate 6.50% Initial Acquisition Date 3/13/2018 Maturity 12/31/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[19]

16,648

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) First Lien Debt Industry Software Publishers Interest Rate 6.50% Intitial Acquisition Date 3/13/2018 Maturity 12/31/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[21]

16,648

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 8.85% Spread Above Index SOFR+4.75% Initial Acquisition Date 4/16/2021 Maturity 4/27/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

1,715

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 8.92% Spread Above Index SOFR+5.25% Intitial Acquisition Date 4/16/2021 Maturity 12/31/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

223

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 9.17% Spread Above Index SOFR+5.50% Intitial Acquisition Date 1/30/2026 Maturity 12/31/2030

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

857

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments RideNow Group, Inc. (F/K/A RumbleOn, Inc. First Lien Debt Industry Other Industrial Machinery Manufacturing Interest Rate 12.10% cash / 1.50% PIK Spread Above Index SOFR+7.75% Initial Acquisition Date 8/31/2021 Maturity 9/30/2027

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[16],[17]}

$ 2,384

Interest Rate, PIK

^{[2],[7],[9],[16],[17]}

1.50%

Interest rate, cash

^{[2],[7],[9],[16],[17]}

12.10%

Schedule of Investments [Line Items]

Principal Amount

^{[2],[7],[16],[17]}

$ 720

Interest Rate, PIK

^{[2],[7],[9],[16],[17]}

1.50%

Interest rate, cash

^{[2],[7],[9],[16],[17]}

12.10%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments SS Acquisition, LLC First Lien Debt (Revolver) Industry Sports and Recreation Instruction Interest Rate 9.42% Spread Above Index SOFR+5.75% Initial Acquisition Date 12/20/2024 Maturity 12/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[8],[13]

$ 500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments SS Acquisition, LLC First Lien Debt Industry Sports and Recreation Instruction Interest Rate 9.42% Spread Above Index SOFR+5.75% Initial Acquisition Date 12/20/2024 Maturity 12/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[8]

16,795

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Signal Parent, Inc First Lien Debt Industry New Single-Family Housing Construction (except For-Sale Builders) Interest Rate 7.44% Spread Above Index SOFR+3.50% Initial Acquisition Date 3/25/2021 Maturity 4/3/2028

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

1,518

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Staples, Inc. First Lien Debt Industry Business to Business Electronic Markets Interest Rate 9.60% Spread Above Index SOFR+5.75% Initial Acquisition Date 5/23/2024 Maturity 9/4/2029

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[15]

2,539

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Tolemar Acquisition, Inc. First Lien Debt (Revolver) Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.82% Spread Above Index SOFR+6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[13]

566

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Tolemar Acquisition, Inc. First Lien Debt Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.82% cash / 1.25% PIK Spread Above Index SOFR+6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Principal Amount

^[2],[7]

$ 14,443

Interest Rate, PIK

^[2],[7],[9]

1.25%

Interest rate, cash

^[2],[7],[9]

9.82%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Wellful Inc. (F/K/A KNS Acquisition Corp.) First Lien Debt Industry Electronic Shopping and Mail-Order Houses Interest Rate 8.33% cash / 1.75% PIK Spread Above Index SOFR+6.25% Initial Acquisition Date 4/16/2021 Maturity 10/19/2030

Schedule of Investments [Line Items]

Principal Amount

^[2],[7],[17]

$ 4,361

Interest Rate, PIK

^{[2],[7],[9],[17]}

1.75%

Interest rate, cash

^{[2],[7],[9],[17]}

8.33%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments RideNow Group, Inc. (F/K/A. RumbleOn, Inc.) First Lien Debt Industry Interest Rate 9.68% cash / 1.00% PIK Spread Above Index SOFR+ 6.75% Initial Acquisition Date 8/31/2021 Maturity 9/30/2027

Schedule of Investments [Line Items]

Principal Amount

^{[1],[5],[18],[25]}

$ 2,391

Interest Rate, PIK

^{[1],[5],[6],[18],[25],[26]}

1.00%

Interest rate, cash

^{[1],[5],[6],[18],[25],[26]}

9.68%

Schedule of Investments [Line Items]

Principal Amount

^{[1],[5],[18],[25]}

$ 721

Interest Rate, PIK

^{[1],[5],[6],[18],[25],[26]}

1.00%

Interest rate, cash

^{[1],[5],[6],[18],[25],[26]}

9.68%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments SS Acquisition, LLC First Lien Debt (Revolver) Industry Sports and Recreation Instruction Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 12/20/2024 Maturity 12/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[3],[4]

$ 500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments SS Acquisition, LLC First Lien Debt Industry Sports and Recreation Instruction Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 12/20/2024 Maturity 12/20/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[4],[5]

16,752

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Signal Parent, Inc. First Lien Debt Industry New Single-Family Housing Construction (except For-Sale Builders) Interest Rate 7.27% Spread Above Index SOFR+ 3.50% Initial Acquisition Date 3/25/2021 Maturity 4/3/2028

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

1,514

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Staples, Inc. First Lien Debt Industry Business to Business Electronic Markets Interest Rate 9.41% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 5/23/2024 Maturity 9/4/2029

Schedule of Investments [Line Items]

Principal Amount

^[1],[5],[14]

2,533

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Apex Credit CLO 2020 Ltd. Subordinated Notes Interest Rate 9.87% Acquisition Date 11/16/2020 Maturity 4/20/2035

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

$ 11,080

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Apex Credit CLO 2021 Ltd. Subordinated Notes Interest Rate 6.51% Acquisition Date 5/28/2021 Maturity 7/18/2034

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

8,630

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Apex Credit CLO 2022-1 Ltd. Subordinated Notes Interest Rate 20.68% Acquisition Date 4/28/2022 Maturity 10/22/2038

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

17,074

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Battalion CLO XI Ltd. Mezzanine Debt - Class E Interest Rate 10.98% Spread Above Index SOFR+6.85% Acquisition Date 4/25/2022 Maturity 4/24/2034

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

6,000

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities BlueMountain CLO XXXV Ltd. Subordinated Notes Interest Rate 16.45% Acquisition Date 10/30/2024 Maturity 10/22/2037

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

7,800

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Brightwood Capital MM CLO 2023-1, Ltd. Subordinated Notes Interest Rate 24.50% Initial Acquisition Date 9/28/2023 Maturity 10/15/2035

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

5,494

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities CBAMR 2017-1, Ltd. Subordinated Notes Interest Rate 21.02% Initial Acquisition Date 8/12/2025 Maturity 1/20/2038

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

5,100

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Canyon CLO 2019-1, Ltd Subordinated Notes Interest Rate 21.30% Initial Acquisition Date 8/22/2024 Maturity 7/15/2037

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

18,453

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities ICG US CLO 2021-3, Ltd. Subordinated Notes Interest Rate 26.57% Initial Acquisition Date 8/8/2024 Maturity 10/20/2034

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

16,750

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities LCM 42 Ltd. Subordinated Notes Interest Rate 18.54% Initial Acquisition Date 12/19/2024 Maturity 1/15/2038

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

3,500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Madison Park Funding XXIX, Ltd. Subordinated Notes Interest Rate 17.42% Initial Acquisition Date 12/22/2020 Maturity 3/25/2038

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

10,971

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Trinitas CLO VIII, Ltd. Subordinated Notes Interest Rate 0.00% Initial Acquisition Date 3/4/2021 Maturity 7/20/2117

Schedule of Investments [Line Items]

Principal Amount

^{[2],[10],[20],[27],[28]}

5,200

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Venture 45 CLO, Limited Mezzanine Debt - Class E Interest Rate 11.58% Spread Above Index SOFR+7.70% Initial Acquisition Date 4/18/2022 Maturity 7/20/2035

Schedule of Investments [Line Items]

Principal Amount

^[2]

3,000

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Structured Finance Securities Voya CLO 2024-7, Ltd. Subordinated Notes Interest Rate 16.31% Initial Acquisition Date 1/7/2025 Maturity 1/20/2038

Schedule of Investments [Line Items]

Principal Amount

^{[2],[27],[28]}

$ 4,275

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Tolemar Acquisition, Inc First Lien Debt (Revolver) Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.77% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[3]

669

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Tolemar Acquisition, Inc First Lien Debt Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.77% cash / 1.25% PIK Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Principal Amount

^[1],[5]

$ 14,488

Interest Rate, PIK

^{[1],[5],[6],[26]}

1.25%

Interest rate, cash

^{[1],[5],[6],[26]}

9.77%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Apex Credit CLO 2022-1 Ltd. Subordinated Notes Interest Rate 17.49% Initial Acquisition Date 4/28/2022 Maturity 10/22/2038

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

$ 17,074

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Battalion CLO XI Ltd. Mezzanine Debt - Class E Interest Rate 10.78% Spread Above Index SOFR+6.85 % Initial Acquisition Date 4/25/2022 Maturity 4/24/2034

Schedule of Investments [Line Items]

Principal Amount

^[1],[25]

6,000

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities BlueMountain CLO XXXV Ltd. Subordinated Notes Interest Rate 16.68% Initial Acquisition Date 10/30/2024 Maturity 10/22/1937

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

7,800

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Brightwood Capital MM CLO 2023-1, Ltd. Subordinated Notes Interest Rate 24.50% Initial Acquisition Date 9/28/2023 Maturity 10/15/2035

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

5,494

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities CBAMR 2017-1, Ltd. Subordinated Notes Interest Rate 20.26% Initial Acquisition Date 8/12/2025 Maturity 1/20/2038

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

5,100

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Canyon CLO 2019-1, Ltd. Subordinated Notes Interest Rate 17.18% Initial Acquisition Date 8/22/2024 Maturity 7/15/2037

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

18,453

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities First Lien Debt Apex Credit CLO 2020 Ltd. Subordinated Notes Interest Rate 6.25% Initial Acquisition Date 11/16/2020 Maturity 4/20/2035

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

11,080

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities First Lien Debt Apex Credit CLO 2021 Ltd. Subordinated Notes Interest Rate 0.81% Initial Acquisition Date 5/28/2021 Maturity 7/18/2034

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

8,630

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities ICG US CLO 2021-3, Ltd. Subordinated Notes Interest Rate 22.54% Initial Acquisition Date 8/8/2024 Maturity 10/20/2034

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

16,750

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities LCM 42 Ltd. Subordinated Notes Interest Rate 17.60% Initial Acquisition Date 12/19/2024 Maturity 1/15/2038

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

3,500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Madison Park Funding XXIX, Ltd. Subordinated Notes Interest Rate 15.10% Initial Acquisition Date 12/22/2020 Maturity 3/25/2038

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30]}

10,971

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Trinitas CLO VIII, Ltd. Subordinated Notes Interest Rate 0.00% Initial Acquisition Date 3/4/2021 Maturity 7/20/2117

Schedule of Investments [Line Items]

Principal Amount

^{[1],[25],[29],[30],[31],[32]}

5,200

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities Venture 45 CLO, Limited Mezzanine Debt - Class E Interest Rate 11.37% Spread Above Index SOFR+7.70 % Initial Acquisition Date 4/18/2022 Maturity 7/20/2035

Schedule of Investments [Line Items]

Principal Amount

^[1],[25]

$ 3,000

Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

4.00%

Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

4.00%

Interest rate, cash

9.20%

9.17%

Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.20%

5.17%

Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

0.50%

Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.50%

Interest rate, cash

10.60%

10.57%

Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.10%

10.07%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.00%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

1.00%

Interest rate, cash

10.68%

11.85%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

9.68%

10.85%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.00%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

1.00%

Interest rate, cash

10.68%

11.85%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

9.68%

10.85%

Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.75%

Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt | Maximum

Schedule of Investments [Line Items]

Interest Rate, PIK

1.75%

Interest rate, cash

10.08%

Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt | Minimum

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

8.33%

Variable-rate Loans

Schedule of Investments [Line Items]

Principal Amount

$ 153,365

$ 168,018

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[4]	The Company has an observer seat on the portfolio company’s board of directors.
[5]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the Natixis Facility and cannot be pledged under any debt obligation of the Parent.
[6]	As of March 31, 2026, the Company held loans and mezzanine debt investments with an aggregate fair value of $153,365 of the total loan portfolio, that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of March 31, 2026. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[7]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the BNP Facility and cannot be pledged under any other debt obligation of the Company.
[8]	The Company has an observer seat on the portfolio company’s board of directors.
[9]	As of December 31, 2025, the Company held loans and mezzanine debt investments with an aggregate fair value of $168,018 that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of December 31, 2025. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[10]	As of December 31, 2025, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security's anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security's then-current amortized cost.
[11]	The Company has the right to receive certain information provided to the board of directors.
[12]	The Company has the right to receive certain information provided to the board of directors.
[13]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[14]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[15]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[16]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company's assets immediately following the acquisition of any additional non-qualifying assets. As of December 31, 2025, approximately 81% of the Company's assets were qualifying assets.
[17]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of December 31, 2025:
[18]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of March 31, 2026:
[19]	Investment was on non-accrual status as of December 31, 2025, meaning the Company suspended recognition of all or a portion of income on the investment. See Note 4 for further details.
[20]	Non-income producing.
[21]	Investment was on non-accrual status as of March 31, 2026. See Note 4 for further details.
[22]	The Company holds at least one seat on the portfolio company’s board of directors.
[23]	Portfolio company represents greater than 5% of total assets as of March 31, 2026.
[24]	Portfolio company at fair value represents greater than 5% of total assets at December 31, 2025.
[25]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.
[26]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[27]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[28]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[29]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[30]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[31]	As of March 31, 2026, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security’s anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security’s then-current amortized cost.
[32]	Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.

Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Basis of presentation

Basis of presentation: The Company is an investment company as defined in the accounting and reporting guidance under ASC Topic 946, Financial Services–Investment Companies. The accompanying interim consolidated financial statements of the Company and related financial information have been prepared in accordance with GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q, and Articles 6, 10 and 12 of Regulation S-X. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements. However, in the opinion of management, the consolidated financial statements include all adjustments, consisting only of normal and recurring accruals and adjustments, necessary for fair presentation as of, and for, the periods presented. These consolidated financial statements and notes hereto should be read in conjunction with the consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed on March 3, 2026. The results of operations for any interim period are not necessarily indicative of the results of operations to be expected for the full year.

Significant Accounting Policies: The following information supplements the description of significant accounting policies contained in Note 2 to the Company’s consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025.

Reclassifications

Reclassifications: Certain prior period amounts have been reclassified to conform to the current period presentation in the consolidated financial statements and the accompanying notes thereto. Reclassifications did not impact net increase (decrease) in net assets resulting from operations, total assets, total liabilities or total net assets, or consolidated statements of changes in net assets and consolidated statements of cash flows classifications.

Use of estimates

Use of estimates: The preparation of financial statements in conformity with 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ significantly from those estimates.

Concentration of credit risk

Concentration of credit risk: Aside from the Company’s investments, financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits at financial institutions. At various times during the year, the Company exceeds the federally insured limits. The Company places cash deposits only with high credit quality institutions which OFS Advisor believes will mitigate the risk of loss due to credit risk. If borrowers completely fail to perform according to the terms of the contracts, the amount of loss due to credit risk from the Company’s investments is equal to the sum of the Company’s recorded investments and, if applicable, the unfunded commitments disclosed in Note 6.

Cash and cash equivalents

Cash and cash equivalents: Cash represents cash deposits held at U.S. Bank Trust Company, National Association and Citibank N.A., and cash equivalents consist of highly liquid money market funds. Cash equivalents are classified as Level 1 assets and are carried at amortized cost which approximates fair value. The Company’s cash and cash equivalents are maintained with member banks of the FDIC, and, such balances generally exceed the FDIC insurance limits. The Company does not believe its cash and cash equivalent balances are exposed to any significant credit risk. In addition, the Company’s use of cash and cash equivalents held by OFSCC-FS is limited by the terms and conditions of the Natixis Facility, including but not limited to, the payment of interest expense and principal on the outstanding borrowings.

The Company had the following cash and cash equivalents as of March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025
Cash	$	1,977	$	3,050
Cash equivalents		1,281		309
Total cash and cash equivalents	$	3,258	$	3,359

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

+ References

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+ Details

Borrowings - Natixis Facility Interest Expense and Average Outstanding Balance (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Debt Instrument [Line Items]

Amortization of debt issuance costs

$ 365

$ 371

Cash paid for interest expense

$ 3,773

$ 4,997

Effective interest rate

7.34%

6.29%

Average outstanding balance

$ 214,953

$ 248,690

Natixis Facility [Member]

Debt Instrument [Line Items]

Stated interest expense

^[1]

398

Amortization of debt issuance costs

Total interest and debt financing costs

439

Cash paid for interest expense

$ 33

Effective interest rate

7.30%

Average outstanding balance

$ 24,374

$ 0

[1]	(1) Stated interest expense includes unused fees.

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Borrowings

3 Months Ended

Mar. 31, 2026

Debt Disclosure [Abstract]

Borrowings

Note 7. Borrowings

Natixis Facility: On February 18, 2026, OFSCC-FS entered into the Natixis Facility, which provides for borrowings in an aggregate principal amount up to $80,000. Borrowings under the Natixis Facility bear interest at a rate based on SOFR plus a margin of 2.35%. The Natixis Facility also includes a fee of 0.40% on the unused amount of the facility, as well as an arranger fee of 0.20% on the total commitment amount of the facility. The reinvestment period during which OFSCC-FS is permitted to borrow terminates on February 18, 2029, and the facility is scheduled to mature on February 18, 2031.

As of March 31, 2026, the Natixis Facility had outstanding debt of $44,700, the unused commitment under the Natixis Facility was $35,300, subject to a borrowing base and other covenants, and the stated interest rate on the Natixis Facility was 6.05%.

Borrowings under the Natixis Facility are secured by substantially all of the assets held by OFSCC-FS, which were $114,679 at March 31, 2026. The Company’s use of cash and cash equivalents held by OFSCC-FS is limited by the terms and conditions of the Natixis Facility, including but not limited to, the payment of interest expense and principal on the outstanding borrowings. As of March 31, 2026 and December 31, 2025, OFSCC-FS had cash and cash equivalents of $2,619 and $2,443, respectively. OFSCC-FS and the Company have each made customary representations and warranties under the Natixis Facility and are required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities.


	Three Months Ended March 31,
	2026			2025
Stated interest expense(1)	$	398		$	—
Amortization of debt issuance costs		41			—
Total interest and debt financing costs	$	439		$	—
Cash paid for interest expense	$	33		$	—
Effective interest rate		7.30	%	n/a
Average outstanding balance	$	24,374		$	—

(1) Stated interest expense includes unused fees.

BNP Facility: OFSCC-FS was party to the BNP Facility, which provided for borrowings in an aggregate principal amount up to $80,000 during its reinvestment period. Borrowings under the BNP Facility bore interest at a variable rate of SOFR plus a variable margin (2.65% floor), which was determined on the basis of industry-recognized portfolio company metrics at the time of funding.

On February 18, 2026, in connection with the closing of the Natixis Facility, OFSCC-FS repaid in full all outstanding obligations due, and terminated all commitments, under the BNP Facility. All liens securing the BNP Facility were released upon such repayment. In connection with the termination of the facility, the Company recognized a loss on extinguishment of debt of $89 related to the acceleration of deferred financing costs.

As of March 31, 2026 and December 31, 2025, the BNP Facility had outstanding debt of $0 and $50,950, respectively.


	Three Months Ended March 31,
	2026			2025
Stated interest expense(1)	$	437		$	1,264
Amortization of debt issuance costs		37			95
Total interest and debt financing costs	$	474		$	1,359
Cash paid for interest expense	$	752		$	1,291
Effective interest rate		7.12	%		8.39	%
Average outstanding balance	$	27,004		$	65,701

(1) For the three months ended March 31, 2025, stated interest expense includes unused fees.

Banc of California Credit Facility: On March 7, 2018, the Company entered into the Banc of California Credit Facility. The Banc of California Credit Facility currently bears interest at a variable rate of the Prime Rate plus a 0.25% margin, with a 5.00% floor, and includes an annual commitment fee of 0.50% of the maximum commitment amount. The Banc of California Credit Facility is scheduled to mature on February 28, 2028.

On January 9, 2026, the Company amended the Banc of California Credit Facility to extend the maturity date from February 28, 2026 to February 28, 2028.

On March 27, 2026, the Company amended the Banc of California Credit Facility to, among other things: (i) reduce the minimum tangible net asset value covenant from $100,000 to $75,000; (ii) reduce the covenant requiring minimum quarterly net investment income after management/incentive fees from $2,000 to $1,000 for each of the quarters ending March 31, 2026, June 30, 2026 and September 30, 2026, after which the minimum quarterly net investment income after management/incentive fees covenant shall return to $2,000; and (iii) decrease the Company’s maximum commitment amount from $25,000 to $15,000. In connection with the maximum commitment reduction from $25,000 to $15,000, the Company recognized a loss on extinguishment of debt of $41 related to the acceleration of deferred financing costs.

As of March 31, 2026 and December 31, 2025, the Company had outstanding debt under the Banc of California Credit Facility of $8,750 and $4,500, respectively. As of March 31, 2026, the unused commitment under the Banc of California Credit Facility was $6,250, subject to the terms of the borrowing base and other covenants. As of March 31, 2026, the stated interest rate on the Banc of California Credit Facility was 7.00%.

The maximum availability of the Banc of California Credit Facility is equal to 50% of the aggregate outstanding principal amount of eligible loans included in the borrowing base, which typically excludes Structured Finance Securities, foreign loans, and non-performing loans, and as otherwise specified in the BLA. The Banc of California Credit Facility is guaranteed by OFSCC-MB and secured by all of our and OFSCC-MB’s current and future assets, excluding assets held by OFSCC-FS, and the Company’s partnership interests in SBIC I LP. The Company has made customary representations and warranties and is required to comply with various covenants, reporting requirements and other customary requirements for similar credit facilities.


	Three Months Ended March 31,
	2026			2025
Stated interest expense	$	134		$	58
Amortization of debt issuance costs		29			31
Total interest and debt financing costs	$	163		$	89
Cash paid for interest expense	$	136		$	58
Effective interest rate		8.65	%		12.13	%
Average outstanding balance	$	7,642		$	2,989

Unsecured Notes: As of March 31, 2026 and December 31, 2025, the Company had $149,000 and $165,000, respectively, in aggregate principal of outstanding Unsecured Notes.

Unsecured Notes Due October 2028 (Nasdaq: OFSSH): On October 28, 2021 and November 1, 2021, the Company issued $55,000 in aggregate principal of unsecured notes. The Unsecured Notes Due October 2028 bear interest at a rate of 4.95% per year payable semi-annually and mature on October 31, 2028. The Company may redeem the Unsecured Notes Due October 2028 in whole or in part at any time.

Unsecured Notes Due July 2028 (Nasdaq: OFSSO): On July 23, 2025, the Company closed the public offering of $69,000 aggregate principal amount of its Unsecured Notes Due July 2028, which included $9,000 of aggregate principal amount related to the underwriters’ option to cover overallotments. The net proceeds to the Company from the Unsecured Notes Due July 2028, after deducting underwriting fees of $1,380 and offering expenses of $326, was $67,294. The Unsecured Notes Due July 2028 bear interest at a stated rate of 7.50% and will mature on July 31, 2028. The Company may redeem the Unsecured Notes Due July 2028 in whole or in part at any time, or from time to time, on or after July 31, 2026.

The indenture governing the Unsecured Notes Due July 2028 and Unsecured Notes Due October 2028 contains certain covenants, including: (i) prohibiting additional borrowings, including through the issuance of additional debt securities, unless the Company's asset coverage, as defined in the 1940 Act, after giving effect to any exemptive relief granted to the Company by the SEC, equals at least 150% after such borrowings; and (ii) prohibiting (a) the declaration of any cash dividend or distribution upon any class of the Company’s capital stock (except to the extent necessary for the Company to maintain its treatment as a RIC under Subchapter M of the Code), or (b) the purchase of any capital stock unless the Company’s asset coverage, as defined in the 1940 Act, is at least 150% at the time of such capital transaction and after deducting the amount of such transaction.

Unsecured Note Due August 2029: On August 8, 2025, the Company entered into the Securities Purchase Agreement, pursuant to which the Company sold in a private placement a $25,000 principal amount Unsecured Note Due August 2029. The net proceeds to the Company from the Unsecured Note Due August 2029, after deducting discounts of $750 and offering expenses of $48, was $24,202. The Unsecured Note Due August 2029 bears interest at a stated rate of 8.00% and will mature on August 8, 2029. The Company may redeem the Unsecured Note Due August 2029 in whole or in part at any time. The Securities Purchase Agreement contains customary terms and conditions for unsecured notes issued in a private placement, including, without limitation, affirmative and negative covenants such as information reporting, maintenance of the Company’s status as a BDC within the meaning of the 1940 Act and minimum asset coverage ratio.

Unsecured Notes Due February 2026: On February 10, 2021 and March 18, 2021, the Company issued $125,000 in aggregate principal of unsecured notes. The Unsecured Notes Due February 2026 bore interest at a rate of 4.75% per year and were scheduled to mature on February 10, 2026.

On January 8, 2026, the Company issued notices to the holders of the Unsecured Notes Due February 2026 regarding the exercise of its option to redeem on February 9, 2026 $16,000, which was equal to the remainder of the outstanding Unsecured Notes Due February 2026, plus accrued interest of $378.

As of March 31, 2026, the Company had no outstanding Unsecured Notes Due February 2026.

The Unsecured Notes are direct unsecured obligations and rank equal in right of payment with all current and future unsecured indebtedness of the Company. Because the Unsecured Notes are not secured by any of the Company’s assets, they are effectively subordinated to all existing and future secured unsubordinated indebtedness (or any indebtedness that is initially unsecured as to which the Company subsequently grants a security interest), to the extent of the value of the assets securing such indebtedness, including, without limitation, borrowings under the Banc of California Credit Facility.


	Three Months Ended March 31,
	2026			2025
Stated interest expense	$	2,555		$	2,165
Amortization of debt issuance costs		258			245
Total interest and debt financing costs	$	2,813		$	2,410
Cash paid for interest expense	$	2,852		$	3,648
Effective interest rate		7.32	%		5.35	%
Average outstanding balance	$	155,933		$	180,000

The following table shows the scheduled maturities of the principal balances of the Company’s outstanding borrowings as of March 31, 2026:


	Payments due by period
	Total		Less than 1 year		1 to 3 years		3 to 5 years		After 5 years
Banc of California Credit Facility	$	8,750	$	—	$	8,750	$	—	$	—
Natixis Facility		44,700		—		—		44,700		—
Unsecured Notes		149,000		—		124,000		25,000		—
Total	$	202,450	$	—	$	132,750	$	69,700	$	—

For the three months ended March 31, 2026 and 2025, the average dollar borrowings and weighted average effective interest rate on the Company’s outstanding borrowings were as follows:


	Three Months Ended March 31,
	2026			2025
Average dollar borrowings	$	214,953		$	248,690
Weighted average effective interest rate		7.34	%		6.29	%

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 815
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-Name Accounting Standards Codification
-Section 50
-Paragraph 8A
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Cash flows from operating activities
Net Income (Loss)	$ (11,588)	$ (7,287)
Adjustments to reconcile net decrease in net assets resulting fromoperations to net cash provided by operating activities:
Net realized loss on investments, net of taxes	11,301	2,587
Loss on extinguishment of debt	130	0
Net unrealized depreciation on investments, net of deferred taxes	2,621	8,165
Amortization of Net Loan Fees	(114)	(199)
Amendment fees received	17	23
Payment-in-kind interest and dividend income	(587)	(675)
Accretion of interest income on Structured Finance Securities	(2,492)	(2,925)
Amortization of deferred debt issuance costs	365	371
Purchase and origination of portfolio investments	(2,109)	(10,411)
Proceeds from principal payments on portfolio investments	8,996	3,290
Proceeds from sale or redemption of portfolio investments	14,056	3,137
Proceeds from distributions received from portfolio investments	2,478	3,504
Changes in operating assets and liabilities:
Interest and dividend receivable	(999)	333
Receivable for investments sold	(501)	7,147
Interest payable	(249)	(1,510)
Payable to adviser and affiliates	(40)	(839)
Payable for investments purchased	496	(1,802)
Other assets and liabilities	(10)	(68)
Net cash provided by operating activities	21,771	2,841
Cash flows from financing activities
Distributions paid to common stockholders	(2,278)	(4,555)
Borrowings under revolving lines of credit	70,200	9,750
Repayments under revolving lines of credit	(72,200)	(10,050)
Redemption of Unsecured Notes	(16,000)	0
Payment of deferred financing costs	(1,594)	0
Net cash used in financing activities	(21,872)	(4,855)
Net decrease in cash and cash equivalents	(101)	(2,014)
Cash and cash equivalents — beginning of year	3,359	6,068
Cash and cash equivalents — end of year	3,258	4,054
Supplemental Disclosure of Cash Flow Information:
Cash paid for interest	$ 3,773	$ 4,997

Borrowings - Banc of California Credit Facility Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
	Mar. 07, 2018	Mar. 31, 2026	Dec. 31, 2025	Mar. 31, 2025
Line of Credit Facility [Line Items]
Interest rate		6.05%
Outstanding debt		$ 53,450	$ 55,450
Banc of California Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Description		Company amended the Banc of California Credit Facility to, among other things: (i) reduce the minimum tangible net asset value covenant from $100,000 to $75,000; (ii) reduce the covenant requiring minimum quarterly net investment income after management/incentive fees from $2,000 to $1,000 for each of the quarters ending March 31, 2026, June 30, 2026 and September 30, 2026, after which the minimum quarterly net investment income after management/incentive fees covenant shall return to $2,000; and (iii) decrease the Company’s maximum commitment amount from $25,000 to $15,000. In connection with the maximum commitment reduction from $25,000 to $15,000, the Company recognized a loss on extinguishment of debt of $41 related to the acceleration of deferred financing costs.
Deferred debt issuance costs		$ 41
Banc of California Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Borrowing capacity		8,750		$ 4,500
Availability		$ 6,250
Commitment fee		7.00%
Revolving Credit Facility \| Banc of California Credit Facility
Line of Credit Facility [Line Items]
Availability		$ 6,250
Revolving Credit Facility \| Banc of California Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Basis spread on variable interest rate	0.25%
Interest rate floor	5.00%
Line of credit facility, commitment fee	0.50%

Consolidated Schedule of Investments In and Advances To Affiliates (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

$ (11,301)

$ (2,587)

Interest

7,411

9,580

Total investment income

8,904

$ 10,295

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

342,015

Fair Value

^[3],[4]

308,120

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Common Equity

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[5]

Net Change in Unrealized Appreciation/ (Depreciation)

^[5]

Interest

^[5]

Dividends

^[5]

Fees

^[5]

Total investment income

^[5],[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

^[5],[7]

^[5],[8]

^[5],[9]

^[5],[7]

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Preferred Equity 1

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[10]

Net Change in Unrealized Appreciation/ (Depreciation)

^[10]

(467)

Interest

^[10]

Dividends

^[10]

316

Fees

^[10]

Total investment income

^[6],[10]

316

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7],[10]

9,201

Gross Additions

^[8],[10]

316

Gross Reductions

^[9],[10]

(467)

Fair Value

^[7],[10]

9,050

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Preferred Equity 2

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[10]

Net Change in Unrealized Appreciation/ (Depreciation)

^[10]

Interest

^[10]

Dividends

^[10]

Fees

^[10]

Total investment income

^[6],[10]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7],[10]

2,884

Gross Additions

^[8],[10]

Gross Reductions

^[9],[10]

Fair Value

^[7],[10]

2,980

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Warrants 1

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[5]

Net Change in Unrealized Appreciation/ (Depreciation)

^[5]

Interest

^[5]

Dividends

^[5]

Fees

^[5]

Total investment income

^[5],[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

^[5],[7]

^[5],[8]

^[5],[9]

^[5],[7]

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Warrants 2

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[5]

Net Change in Unrealized Appreciation/ (Depreciation)

^[5]

Interest

^[5]

Dividends

^[5]

Fees

^[5]

Total investment income

^[5],[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

^[5],[7]

^[5],[8]

^[5],[9]

^[5],[7]

Investment, Identifier [Axis]: DRS Imaging Services, LLC, Common Equity

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[5]

Net Change in Unrealized Appreciation/ (Depreciation)

^[5]

1,070

Interest

^[5]

Dividends

^[5]

Fees

^[5]

Total investment income

^[5],[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[5],[7]

2,671

Gross Additions

^[5],[8]

1,070

Gross Reductions

^[5],[9]

Fair Value

^[5],[7]

3,741

Investment, Identifier [Axis]: Pfanstiehl Holdings, Inc., Common Equity

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

1,009

Interest

Dividends

874

Fees

Total investment income

^[6]

874

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

79,421

Gross Additions

^[8]

1,009

Gross Reductions

^[9]

Fair Value

^[7]

80,430

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Contract Datascan Holdings, Inc. Common Equity (11,273 shares) Industry Office Machinery and Equipment Rental and Leasing Initial Acquisition Date 6/28/2016

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[12]}

Fair Value

^{[3],[4],[13],[14]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Contract Datascan Holdings, Inc. Preferred Equity (2750 Series C shares), 14% PIK Industry Office Machinery and Equipment Rental and Leasing Initial Acquisition Date 8/21/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[12]

2,884

Fair Value

^[3],[4],[14]

2,980

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Contract Datascan Holdings, Inc. Preferred Equity (3,061 Series A shares), 10% PIK Industry Office Machinery and Equipment Rental and Leasing Initial Acquisition Date 8/5/2015

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[12]

9,201

Fair Value

^[3],[4],[14]

9,050

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Contract Datascan Holdings, Inc. Warrants (warrants to purchase 1,946 shares of common equity) Industry Office Machinery and Equipment Rental and Leasing Initial Acquisition Date 8/21/2025 Maturity 8/20/2035

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[12]}

Fair Value

^{[3],[4],[13],[14]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Contract Datascan Holdings, Inc. Warrants (warrants to purchase 224 Series A preferred equity shares) Industry Office Machinery and Equipment Rental and Leasing Initial Acquisition Date 8/21/2025 Maturity 8/20/2035

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[12]}

Fair Value

^{[3],[4],[13],[14]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments DRS Imaging Services, LLC Common Equity (1,135 units) Industry Data Processing, Hosting, and Related Services Initial Acquisition Date 3/8/2018

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[13],[15],[16]}

3,741

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments DRS Imaging Services, LLC Common Equity Industry Data Processing, Hosting, and Related Services Initial Acquisition Date 3/8/2018

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17],[18]}

2,671

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Pfanstiehl Holdings, Inc. Common (Class A shares) Equity Industry Pharmaceutical Preparation Manufacturing Initial Acquisition Date 1/1/2014

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[19]}

79,421

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments Pfanstiehl Holdings, Inc. Common Equity (400 Class A shares) Industry Pharmaceutical Preparation Manufacturing Initial Acquisition Date 1/1/2024

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[20]}

80,430

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC Common Equity (52,763 Class A units) Industry Offices of Physicians and Mental Health Specialists Initial Acquisition Date 10/31/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[13],[15],[16],[21]}

1,557

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC Common Equity (Class A units) Industry Offices of Physicians, Mental Health Specialists Initial Acquisition Date 10/31/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[17],[18],[22]}

1,729

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[23]}

234

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians and Mental Health Specialists Interest Rate 9.07%PIK Spread Above Index SOFR+ 5.25 % Initial Acquisition Date 12/31/2020 Maturity 10/31/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[21]}

3,893

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[22]}

3,804

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians, Mental Health Specialists Interest Rate 9.24% Spread Above Index SOFR+5.25% Initial Acquisition Date 10/31/2025 Maturity 10/31/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[24]}

235

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

8,361

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[23],[25]}

(9)

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt (Revolver) Industry Software Publisher Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[26],[27]}

(3)

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[27]

1,120

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[27]

1,453

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[25]

1,103

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[25]

1,430

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

8,345

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

1,933

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/22/2022 Maturity 7/22/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

1,938

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/31/2023 Maturity 7/22/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,862

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Allen Media, LLC First Lien Debt Industry Cable and Other Subscription Programming Interest Rate 9.35% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 3/2/2021 Maturity 2/10/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

2,746

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[23]}

439

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt (Delayed Draw) Industry Spring Manufacturing Interest Rate 8.57% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[26]}

233

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.53% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

2,198

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.59% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,212

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[28]}

490

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Asurion, LLC First Lien Debt Industry Communication Equipment Repair and Maintenance Interest Rate 7.97% Spread Above Index SOFR + 4.25% Initial Acquisition Date 10/28/2025 Maturity 9/19/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

1,498

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. Common Equity (1,185 Class B units) Acquisition Date 3/12/2024

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[13],[15],[21]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17],[22],[30]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[26],[30]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[30],[31]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.66% cash / 6.50% PIK Spread Above Index SOFR+ 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32]}

239

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.90% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 47189 3/12/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32]}

269

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.94% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32]}

1,548

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.20% cash / 5.85% PIK Spread Above Index SOFR + 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[30],[31]}

234

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.49% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[30],[31]}

1,452

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.60% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[22],[30],[31],[33]}

249

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 46733 12/12/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. Preferred Equity (1,715 Class A units) 12.5% PIK Industry Nonresidential Property Managers Initial Acquisition Date 3/12/2024

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17],[22],[30]}

118

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[13],[15],[21]}

334

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[33]}

248

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[34]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028 One

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[34]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.70% Spread Above Index SOFR + 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

199

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[28]}

493

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. Common Equity (1,290 Class A units) Industry Services for the Elderly and Persons with Disabilities Initial Acquisition Date 2/25/2022

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17],[18]}

768

Fair Value

^{[3],[4],[13],[15],[16]}

878

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[23]}

226

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt (Revolver) Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[26]}

226

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.42% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[21]}

8,946

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[22]}

9,017

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. Preferred Equity (3,446 Class A Units), 12% cash / 2% PIK Industry Services for the Elderly and Persons with Disabilities Initial Acquisition Date 3/3/2023

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[16]

362

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. Preferred Equity (3,446 Class A Units), 12% cash / 2.0% PIK Industry Services for the Elderly and Persons with Disabilities Spread Above Index 0.00% Initial Acquisition Date 3/3/2023

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[18]

363

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Clevertech Bidco, LLC First Lien Debt Industry Commodity Contracts Dealing Interest Rate 10.57% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 11/3/2023 Maturity 12/30/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,971

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

2,966

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[23]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Constellis Holdings, LLC Common Equity (20,628 common shares) Industry Other Justice, Public Order, and Safety Activities Initial Acquisition Date 3/27/2020

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[11]

Fair Value

^[3],[4],[13]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Equity Participation Rights Industry Electrical Contractors and Other Wiring Installation Contractors Initial Acquisition Date 12/31/2021

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[12],[35]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[12],[26]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) First Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 7.50% Initial Acquisition Date 6/30/2017 Maturity 12/31/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[12]

6,167

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Second Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 10.00% PIK Initial Acquisition Date 6/30/2017 Maturity 12/31/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[12],[33]}

2,382

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[33]

4,079

Fair Value

^[3],[4],[34]

1,793

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[28]}

762

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[28]}

390

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

826

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028 One

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

503

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

6,976

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) First Lien Debt Industry Supermarkets and Other Grocery (except Convenience) Stores Interest Rate 10.55% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 7/20/2022 Maturity 8/1/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[28]}

6,879

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[2],[22],[26]}

(10)

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[23]}

(7)

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

Fair Value

^[3],[4],[23]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

3,132

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

1,981

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,204

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

989

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027 One

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

626

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 3/31/2023 Maturity 10/15/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

696

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[23]

(1)

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[23]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

303

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

2,031

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Idera Inc. Second Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 10.75% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 1/27/2022 Maturity 3/2/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

2,500

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[18]

2,344

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt (Revolver) Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[20],[32]}

2,813

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.82% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2018 Maturity 10/1/2026

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[18]

14,616

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[20],[32]}

14,574

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

(5)

Fair Value

^[3],[4],[23]

(5)

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt (Revolver) Industry Computer Systems Design Services Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

(3)

Fair Value

^[3],[4],[23]

(3)

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 9.20% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

516

Fair Value

^[3],[4],[21]

515

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC Common Equity (12,663 Units) Industry Drugs and Druggists' Sundries Merchant Wholesalers Initial Acquisition Date 9/30/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[22]}

Fair Value

^{[3],[4],[13],[21]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

335

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 10.70% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/2/2021 Maturity 9/30/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

334

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.17% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[31]

1,474

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.20% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[21],[32],[34]}

982

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[19],[26]}

1,300

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt (Revolver) Industry Other Ambulatory Health Care Services Interest Rate 10.10% Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[20]

1,306

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[20],[21],[32]}

16,678

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt Industry Other Ambulatory Health Care Services Interest Rate 10.07% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[19],[22],[31]}

16,773

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

450

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments M2S Group Intermediate Holdings Inc. First Lien Debt Industry Plastics Packaging Film and Sheet (including Laminated) Manufacturing Interest Rate 8.59% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 10/28/2025 Maturity 8/25/2031

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

1,493

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt (Revolver) Industry All Other Outpatient Care Centers Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[23]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

367

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.63% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029 One

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

367

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/20/2023 Maturity 10/20/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,190

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

2,184

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

2,645

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Metasource, LLC First Lien Debt Industry All Other Business Support Services Interest Rate 10.21% cash / 0.50% PIK Spread Above Index SOFR+6.25% Intitial Acquisition Date 5/17/2022 Maturity 5/17/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

2,636

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[23]

1,258

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt (Revolver) Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

1,313

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

6,324

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

3,334

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

6,618

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025 One

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

3,488

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PM Acquisition LLC Common Equity (499 units) Industry All Other General Merchandise Stores Initial Acquisition Date 9/30/2017

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

1,181

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PM Acquisition LLC Common Equity Industry All Other General Merchandise Stores Intitial Acquisition Date 9/30/2017

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4]

1,198

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[23]}

406

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt (Revolver) Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[26]}

405

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[16],[21]}

7,940

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[22]}

7,879

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[33]

7,242

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) First Lien Debt Industry Software Publishers Interest Rate 6.50% Intitial Acquisition Date 3/13/2018 Maturity 12/31/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[34]

7,808

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments RPLF Holdings, LLC Common Equity (345,339 Class A units) Industry Software Publishers Initial Acquisition Date 1/17/2018

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17]}

1,462

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

1,289

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 8.92% Spread Above Index SOFR+5.25% Intitial Acquisition Date 4/16/2021 Maturity 12/31/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

219

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 9.17% Spread Above Index SOFR+5.50% Intitial Acquisition Date 1/30/2026 Maturity 12/31/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[21]

807

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[30],[31]}

2,299

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[30],[31]}

694

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments RideNow Group, Inc. (F/K/A RumbleOn, Inc. Warrants (warrants to purchase up to in common stock Industry Other Industrial Machinery Manufacturing Initial Acquisition Date 8/31/2021 Maturity 8/10/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[22],[30]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[26]}

500

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[18],[22]}

16,828

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

1,096

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[29]}

2,418

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments TalentSmart Holdings, LLC Common Equity (1,595,238 Class A shares) Professional and Management Development Training Initial Acquisition Date 10/11/2019

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17],[18]}

695

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[26]

145

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Tolemar Acquisition, Inc. First Lien Debt Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.82% cash / 1.25% PIK Spread Above Index SOFR+6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2],[22]

10,500

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments United Biologics Holdings, LLC Preferred Equity (151,786 units) Industry Medical Laboratories Initial Acquisition Date 4/16/2013

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[22],[31]}

3,738

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments RPLF Holdings, LLC Common Equity Industry Software Publishers Initial Acquisition Date 1/17/2018

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[13],[15]}

1,630

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[21],[32],[36]}

2,333

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[21],[32],[36]}

704

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments RideNow Group, Inc. (F/K/A. RumbleOn, Inc.) Warrants Initial Acquisition Date 8/31/2021 Maturity 8/10/2030

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[13],[21],[36]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[16],[23]}

500

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[16],[21]}

16,920

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Sentry Centers Holdings, LLC Preferred Equity (1,603 Series B units) Industry Convention and Trade Show Organizer Initial Acquisition Date 9/4/2020

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[17]}

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Sentry Centers Holdings, LLC Preferred Equity Industry Convention and Trade Show Organizers Initial Acquisition Date 9/4/2020 Maturity

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[13],[15]}

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[21],[28]}

1,001

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[21],[28]}

2,308

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

5,653

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

3,170

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

7,929

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

5,466

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

4,644

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

4,493

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

1,647

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

8,539

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

7,289

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

2,727

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

3,697

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[11],[24],[37],[38]}

163

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[1],[2]

2,607

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[1],[2],[37],[38]}

3,581

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments TalentSmart Holdings, LLC Common Equity Industry Professional and Management Development Training Initial Acquisition Date 10/11/2019

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[13],[15],[16]}

627

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[23]

135

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[21]

9,475

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

6,768

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[36]

4,141

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

3,685

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

4,647

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

1,425

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

7,196

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

4,793

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities First Lien Debt Apex Credit CLO 2021 Ltd. Subordinated Notes Interest Rate 0.81% Initial Acquisition Date 5/28/2021 Maturity 7/18/2034

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

2,109

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

5,894

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

2,418

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[36],[39],[40]}

3,194

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[4],[13],[36],[39],[40],[41]}

130

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[3],[4],[36]

2,244

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments United Biologics Holdings, LLC Preferred Equity Industry Medical Laboratories Initial Acquisition Date 4/16/2013

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^{[3],[13],[15]}

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, Common Equity 1

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

^[5]

Net Change in Unrealized Appreciation/ (Depreciation)

^[5]

(172)

Interest

^[5]

Dividends

^[5]

Fees

^[5]

Total investment income

^[5],[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[5],[7]

1,729

Gross Additions

^[5],[8]

Gross Reductions

^[5],[9]

(172)

Fair Value

^[5],[7]

1,557

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt 1

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

(1)

Interest

Dividends

Fees

Total investment income

^[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

235

Gross Additions

^[8]

Gross Reductions

^[9]

(1)

Fair Value

^[7]

234

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt 2

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

Interest

Dividends

Fees

Total investment income

^[6]

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

3,804

Gross Additions

^[8]

Gross Reductions

^[9]

Fair Value

^[7]

3,893

Affiliate investments

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

1,438

Interest

101

Dividends

1,286

Fees

Total investment income

^[6]

1,387

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

99,945

Gross Additions

^[8]

2,580

Gross Reductions

^[9]

(640)

Fair Value

^[7]

101,885

Affiliate investments | Contract Datascan Holdings, Inc.

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

(467)

Interest

Dividends

412

Fees

Total investment income

^[6]

412

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

12,085

Gross Additions

^[8]

412

Gross Reductions

^[9]

(467)

Fair Value

^[7]

12,030

Affiliate investments | SSJA Bariatric Management LLC

Investments in and Advances to Affiliates [Line Items]

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation/ (Depreciation)

(173)

Interest

101

Dividends

Fees

Total investment income

^[6]

101

Investments in and Advances to Affiliates, at Fair Value [Roll Forward]

Fair Value

^[7]

5,768

Gross Additions

^[8]

Gross Reductions

^[9]

(173)

Fair Value

^[7]

$ 5,684

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.
[6]	Represents the total amount of interest, fees or dividends included in income for the three months ended March 31, 2026.
[7]	Fair value was determined using significant unobservable inputs. See Note 5 for further details.
[8]	Gross additions include increases in cost basis of investments resulting from a new portfolio investment, PIK interest, fees and dividends, accretion of Net Loan Fees, and net increases in unrealized appreciation or decreases in net unrealized depreciation.
[9]	Gross reductions include decreases in the cost basis of investments resulting from principal repayments and sales, and net decreases in net unrealized appreciation or net increases in net unrealized depreciation.
[10]	Dividends recognized as income include PIK dividends contractually earned but not declared.
[11]	Non-income producing.
[12]	The Company holds at least one seat on the portfolio company’s board of directors.
[13]	Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.
[14]	The Company holds at least one seat on the portfolio company’s board of directors.
[15]	All or a portion of investment held by a wholly owned subsidiary subject to income tax.
[16]	The Company has an observer seat on the portfolio company’s board of directors.
[17]	All or a portion of investment held by a wholly owned subsidiary subject to income tax.
[18]	The Company has an observer seat on the portfolio company’s board of directors.
[19]	Portfolio company at fair value represents greater than 5% of total assets at December 31, 2025.
[20]	Portfolio company represents greater than 5% of total assets as of March 31, 2026.
[21]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the Natixis Facility and cannot be pledged under any debt obligation of the Parent.
[22]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the BNP Facility and cannot be pledged under any other debt obligation of the Company.
[23]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[24]	As of December 31, 2025, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security's anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security's then-current amortized cost.
[25]	The Company has the right to receive certain information provided to the board of directors.
[26]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[27]	The Company has the right to receive certain information provided to the board of directors.
[28]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[29]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[30]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company's assets immediately following the acquisition of any additional non-qualifying assets. As of December 31, 2025, approximately 81% of the Company's assets were qualifying assets.
[31]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of December 31, 2025:
[32]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of March 31, 2026:
[33]	Investment was on non-accrual status as of December 31, 2025, meaning the Company suspended recognition of all or a portion of income on the investment. See Note 4 for further details.
[34]	Investment was on non-accrual status as of March 31, 2026. See Note 4 for further details.
[35]	Equity participation rights issued by unaffiliated third party fully covered with underlying positions in the portfolio company.
[36]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.
[37]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[38]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[39]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[40]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[41]	As of March 31, 2026, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security’s anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security’s then-current amortized cost.

Financial Highlights

3 Months Ended

Mar. 31, 2026

Investment Company [Abstract]

Financial Highlights

Note 8. Financial Highlights

The following is a schedule of financial highlights for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026			2025
Per share operating performance:
Net asset value per share at beginning of period	$	9.19		$	12.85
Net investment income(1)		0.18			0.26
Net realized loss on investments, net of taxes(1)		(0.84	)		(0.19	)
Net unrealized depreciation on investments, net of deferred taxes(1)		(0.19	)		(0.61	)
Loss on extinguishment of debt(1)		(0.01	)		—
Total net loss from operations		(0.86	)		(0.54	)
Distributions declared		(0.17	)		(0.34	)
Net asset value per share at end of period	$	8.16		$	11.97

Per share market value, end of period	$	3.55		$	9.29
Total return based on market value(2)(3)		(21.7	)%		19.3	%
Total return based on net asset value(3)(4)		(6.8	)%		(3.5	)%
Shares outstanding at end of period		13,398,078			13,398,078
Weighted average shares outstanding		13,398,078			13,398,078
Ratio/Supplemental Data (dollar amounts in thousands)
Average net asset value(5)	$	116,255		$	166,304
Net asset value at end of period	$	109,322		$	160,383
Net investment income	$	2,464		$	3,465
Ratio of total expenses, net to average net assets(6)(9)		22.2	%		16.4	%
Ratio of total expenses, net and loss on extinguishment of debt to average net assets(6)(8)(10)		22.3	%		16.4	%
Ratio of net investment income to average net assets(6)(11)		8.5	%		8.3	%
Ratio of loss on extinguishment of debt to average net assets(3)		0.1	%		0.0	%
Portfolio turnover(7)		0.6	%		2.4	%

(1)

Calculated on the average share method.

(2)

Calculated as ending market value less beginning market value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.

(3)

Not annualized.

(4)

Calculated as ending net asset value less beginning net asset value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.

(5)

Based on the average of the net asset value at the beginning and end of the indicated period and, if applicable, the preceding calendar quarters.

(6)

Annualized.

(7)

Portfolio turnover rate is calculated using the lesser of period-to-date sales, portfolio investment distributions and principal payments or period-to-date purchases over the average of total investments at fair value.

(8)

Calculated as total expenses (annualized) plus the loss on extinguishment of debt, divided by average net assets.

(9)

Ratio of total expenses before the base management fee waiver to average net assets was 22.9% for the three months ended March 31, 2026.

(10)

Ratio of total expenses before the base management fee waiver plus the loss on extinguishment of debt to average net assets was 23.0% for the three months ended March 31, 2026.

(11)

Ratio of net investment income before the base management fee waiver to average net assets was 7.7% for the three months ended March 31, 2026.

Capital Transactions - Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
	Apr. 28, 2026	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Class of Stock [Line Items]
Cash and cash equivalents		$ 1,977		$ 3,050
Stock repurchase program, authorized amount		$ 10,000
Stock repurchase program, period	2 years
Stock Repurchased During Period, Shares		0	0

- Definition

Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-14

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 944
-SubTopic 605
-Name Accounting Standards Codification
-Section 55
-Paragraph 11
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477548/944-605-55-11

Reference 3: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481372/852-10-55-10

Reference 4: http://www.xbrl.org/2003/role/exampleRef
-Topic 946
-SubTopic 830
-Name Accounting Standards Codification
-Section 55
-Paragraph 12
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479168/946-830-55-12

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(4))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479170/946-210-S99-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 45
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477796/946-210-45-21

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Section 45
-Paragraph 20
-SubTopic 210
-Topic 946
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477796/946-210-45-20

+ Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

- Definition

Number of shares that have been repurchased during the period and have not been retired and are not held in treasury. Some state laws may govern the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock.

+ References + Details

Subsequent Events Narrative (Details) - Subsequent Event	Apr. 28, 2026 $ / shares
Subsequent Event [Line Items]
Distributions declared per common share (in usd per share)	$ 0.17
Distribution Made to Limited Partner, Declaration Date	Apr. 28, 2026
Distribution Made to Limited Partner, Distribution Date	Jul. 06, 2026
Distribution Made to Limited Partner, Date of Record	Jun. 19, 2026

Organization (Additional Information) (Details) $ in Thousands	Mar. 31, 2026 USD ($)
BNP Facility [Member] \| Line of Credit [Member]
Line of Credit Facility [Line Items]
Borrowing capacity (up to)	$ 80,000

Investments - By Composition and Domicile (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Amortized Cost

$ 296,782

^[1]

$ 328,400

^[2]

Percentage of Total, Amortized Cost

100.00%

Percentage of Total, Net Assets

271.50%

266.50%

Fair Value

$ 308,120

^[1],[3]

$ 342,015

^[2],[4]

Percentage of Total, Fair Value

100.00%

Percent of Net Assets

281.80%

^[1]

277.60%

^[2]

United States of America

Schedule of Investments [Line Items]

Amortized Cost

$ 218,101

$ 245,902

Fair Value

256,964

278,274

Canada

Schedule of Investments [Line Items]

Amortized Cost

^[5]

4,888

4,865

Fair Value

^[5]

2,512

2,136

Cayman Islands

Schedule of Investments [Line Items]

Amortized Cost

^[5],[6]

69,268

73,360

Fair Value

^[5],[6]

43,997

57,112

Jersey

Schedule of Investments [Line Items]

Amortized Cost

^[5],[6]

4,525

4,273

Fair Value

^[5],[6]

4,647

4,493

Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 222,989

$ 250,767

Percentage of Total, Amortized Cost

75.10%

76.40%

Percentage of Total, Net Assets

204.00%

203.50%

Fair Value

$ 259,476

$ 280,410

Percentage of Total, Fair Value

84.20%

82.00%

Percent of Net Assets

237.20%

227.80%

First lien debt investments

Schedule of Investments [Line Items]

Amortized Cost

$ 171,353

^[7]

$ 188,236

^[8]

Percentage of Total, Amortized Cost

57.60%

^[7]

57.30%

^[8]

Percentage of Total, Net Assets

156.80%

^[7]

152.80%

^[8]

Fair Value

$ 152,713

^[7]

$ 170,405

^[8]

Percentage of Total, Fair Value

49.50%

^[7]

49.80%

Percent of Net Assets

139.60%

^[7]

138.40%

^[8]

Second lien debt investments

Schedule of Investments [Line Items]

Amortized Cost

$ 18,340

$ 24,924

Percentage of Total, Amortized Cost

6.20%

7.60%

Percentage of Total, Net Assets

16.80%

20.20%

Fair Value

$ 3,869

$ 9,409

Percentage of Total, Fair Value

1.30%

2.80%

Percent of Net Assets

3.50%

7.60%

Preferred Stock [Member]

Schedule of Investments [Line Items]

Amortized Cost

$ 14,699

$ 14,287

Percentage of Total, Amortized Cost

5.00%

4.40%

Percentage of Total, Net Assets

13.40%

11.60%

Fair Value

$ 12,726

$ 12,567

Percentage of Total, Fair Value

4.10%

3.70%

Percent of Net Assets

11.60%

10.20%

Common equity, warrants and other

Schedule of Investments [Line Items]

Amortized Cost

$ 18,598

^[9]

$ 23,320

^[10]

Percentage of Total, Amortized Cost

6.30%

^[9]

7.10%

^[10]

Percentage of Total, Net Assets

17.00%

^[9]

18.90%

^[10]

Fair Value

$ 90,168

^[9]

$ 88,029

^[10]

Percentage of Total, Fair Value

29.30%

^[9]

25.70%

Percent of Net Assets

82.50%

^[9]

71.60%

^[10]

Structured Finance Securities

Schedule of Investments [Line Items]

Amortized Cost

$ 73,793

^[1],[11]

$ 77,633

Percentage of Total, Amortized Cost

24.90%

23.60%

Percentage of Total, Net Assets

67.50%

63.00%

Fair Value

$ 48,644

^[1],[3],[11]

$ 61,605

Percentage of Total, Fair Value

15.80%

18.00%

Percent of Net Assets

44.60%

^[1],[11]

49.80%

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	Represents non-qualifying assets under Section 55(a) of the 1940 Act.
[6]	Investments domiciled in the Cayman Islands and Jersey represent certain Structured Finance Securities held by the Company. These investments generally represent beneficial interests in underlying portfolios of debt investments in companies domiciled in the United States.
[7]	Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $125,291 and $110,530, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.
[8]	Includes unitranche investments (which are loans that combine both senior and subordinated debt, in a first lien position) with an amortized cost and fair value of $130,270 and $116,279, respectively. Unitranche loans generally provide leverage levels comparable to a combination of first lien and second lien or subordinated loans. Investments in “last out” pieces of unitranche loans will be similar to second lien loans in that such investments will be junior in priority to the “first out” piece of the same unitranche loan with respect to payment of principal and interest. Includes secondary priority debt investments governed under a first lien credit agreement.
[9]	Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.
[10]	Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.
[11]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2026
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

Consolidated Statements of Assets and Liabilities (unaudited) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Assets

Investments, at fair value

$ 308,120

^[1],[2]

$ 342,015

^[3],[4]

Cash and cash equivalents

3,258

3,359

Receivable for investments sold

501

Interest and dividend receivable

1,718

719

Prepaid expenses and other assets

2,084

613

Total assets

315,681

346,706

Liabilities

Revolving lines of credit

53,450

55,450

Unsecured Notes (net of deferred debt issuance costs of $2,554 and $2,812, respectively)

146,446

162,188

Interest payable

2,020

2,269

Payable for investments purchased

496

Total liabilities

206,359

223,518

Net Assets

Preferred stock, par value of $0.01 per share, 2,000,000 shares authorized, -0 shares issued and outstanding as of March 31,2026 and December 31, 2025, respectively

Common stock, par value of $0.01 per share, 100,000,000 shares authorized, 13,398,078 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively

134

Paid-in capital in excess of par

174,195

Total distributable earnings (accumulated losses)

(65,007)

(51,141)

Total net assets

109,322

123,188

Total liabilities and net assets

$ 315,681

$ 346,706

Number of common shares outstanding

13,398,078

Net asset value per share

^[5]

$ 8.16

$ 9.19

Affiliated entity

Liabilities

Payable to investment adviser and affiliates and Other liabilities

$ 2,224

$ 2,264

Nonrelated party

Liabilities

Payable to investment adviser and affiliates and Other liabilities

1,723

1,347

Non-control/non-affiliate investments

Assets

Investments, at fair value

206,235

^[1],[2]

242,070

^[3],[4]

Affiliate investments

Assets

Investments, at fair value

$ 101,885

^[1],[2]

$ 99,945

^[3],[4]

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each period.

Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2026

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Note 2. Summary of Significant Accounting Policies

The Company had the following cash and cash equivalents as of March 31, 2026 and December 31, 2025:


	March 31, 2026		December 31, 2025
Cash	$	1,977	$	3,050
Cash equivalents		1,281		309
Total cash and cash equivalents	$	3,258	$	3,359

Capital Transactions - DRIP Participation (Details) - USD ($)	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Equity [Abstract]
Number of Shares Purchased (in shares)	5,271	8,570
Average Value Per Share (in usd per share)	$ 3.39	$ 9.35
Stock Repurchased During Period Value Dividend ReinvestmentPlan	$ 18	$ 80

Investments - By Portfolio Concentration (Parenthetical) (Details) - USD ($) $ in Thousands	Mar. 31, 2026	Dec. 31, 2025
Schedule of Investments [Line Items]
Commitment	$ 7,813	$ 13,226
Investment, Identifier [Axis]: 12 Interactive, LLC (D/B/A PerkSpot), First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	660	660
Investment, Identifier [Axis]: Associated Spring, LLC, First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment	1,276	1,483
Investment, Identifier [Axis]: Avison Young Inc. , First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment		34
Investment, Identifier [Axis]: Boca Home Care Holdings, Inc., First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	1,065	1,065
Investment, Identifier [Axis]: Clevertech Bidco, LLC, First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	182	182
Investment, Identifier [Axis]: Envocore Holding, LLC (F/K/A LRI Holding, LLC), First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment		2,569
Investment, Identifier [Axis]: Honor HN Buyer Inc., First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment	600	3,062
Investment, Identifier [Axis]: Honor HN Buyer Inc., First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	104	328
Investment, Identifier [Axis]: I Love Produce, LLC First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment	152
Investment, Identifier [Axis]: I Love Produce, LLC First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	34
Investment, Identifier [Axis]: Integrated Energy Services, LLC, First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment	300	300
Investment, Identifier [Axis]: Integrated Energy Services, LLC, First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	150	150
Investment, Identifier [Axis]: Medrina LLC, First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	319	319
Investment, Identifier [Axis]: PSB Group, LLC, First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	653	653
Investment, Identifier [Axis]: SS Acquisition, LLC, First Lien Debt
Schedule of Investments [Line Items]
Commitment	1,286
Investment, Identifier [Axis]: SS Acquisition, LLC, First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	1,286	1,286
Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt (Delayed Draw)
Schedule of Investments [Line Items]
Commitment	157	157
Investment, Identifier [Axis]: Tolemar Acquisition, Inc., First Lien Debt (Revolver)
Schedule of Investments [Line Items]
Commitment	$ 875	$ 978

Fair Value of Financial Instruments - Carrying Values and Fair Values of Debt (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

$ 201,931

$ 219,739

Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

123,573

122,995

Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

78,358

96,744

Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

199,896

217,638

Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

201,931

219,739

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

8,750

4,500

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

8,750

4,500

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

8,750

4,500

Banc of California Credit Facility | Line of Credit | Revolving Credit Facility | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

8,750

4,500

BNP Facility | Line of Credit | Revolving Credit Facility

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

50,950

BNP Facility | Line of Credit | Revolving Credit Facility | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

BNP Facility | Line of Credit | Revolving Credit Facility | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

BNP Facility | Line of Credit | Revolving Credit Facility | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

50,950

BNP Facility | Line of Credit | Revolving Credit Facility | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3],[4]

50,950

BNP Facility | Line of Credit | Revolving Credit Facility | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[4]

50,950

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

44,700

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

44,700

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

44,700

Natixis Facility [Member] | Line of Credit | Revolving Credit Facility | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

44,700

Unsecured Notes | Unsecured Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

15,961

Unsecured Notes | Unsecured Notes | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

Unsecured Notes | Unsecured Notes | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Unsecured Notes | Unsecured Notes | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

15,961

Unsecured Notes | Unsecured Notes | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

15,988

Unsecured Notes | Unsecured Notes | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

15,961

Unsecured Notes Due July 2028 | Unsecured Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

71,015

70,877

Unsecured Notes Due July 2028 | Unsecured Notes | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

71,015

70,877

Unsecured Notes Due July 2028 | Unsecured Notes | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Unsecured Notes Due July 2028 | Unsecured Notes | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

Unsecured Notes Due July 2028 | Unsecured Notes | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

68,471

67,498

Unsecured Notes Due July 2028 | Unsecured Notes | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

71,015

70,877

Unsecured Notes due October 2028 | Unsecured Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

52,558

52,118

Unsecured Notes due October 2028 | Unsecured Notes | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

52,558

52,118

Unsecured Notes due October 2028 | Unsecured Notes | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Unsecured Notes due October 2028 | Unsecured Notes | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

Unsecured Notes due October 2028 | Unsecured Notes | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

53,643

54,420

Unsecured Notes due October 2028 | Unsecured Notes | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

52,558

52,118

Unsecured Note Due August 2029 | Unsecured Notes

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

24,908

25,333

Unsecured Note Due August 2029 | Unsecured Notes | Level 1

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[1]

Unsecured Note Due August 2029 | Unsecured Notes | Level 2

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

Unsecured Note Due August 2029 | Unsecured Notes | Level 3

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[2]

24,908

25,333

Unsecured Note Due August 2029 | Unsecured Notes | Carrying Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

^[3]

24,332

24,282

Unsecured Note Due August 2029 | Unsecured Notes | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Total debt

$ 24,908

$ 25,333

[1]	For Level 1 measurements, fair value is estimated by using the closing price of the security on The Nasdaq Global Select Market.
[2]	For Level 3 measurements, fair value is estimated through discounting remaining payments using current market rates for similar instruments at the measurement date through the legal maturity date.
[3]	Carrying value is calculated as the outstanding principal amount less unamortized deferred debt issuance costs.
[4]	On February 18, 2026, in connection with the closing of the Natixis Facility, OFSCC-FS repaid in full all outstanding obligations due, and terminated all commitments, under the BNP Facility.

Related Party Transactions - Narrative (Details)	3 Months Ended	12 Months Ended
Related Party Transactions - Narrative (Details)	Mar. 31, 2026 Component shares	Dec. 31, 2025
Affiliates Of OFS Advisor \| OFS Capital Corporation
Related Party Transaction [Line Items]
Share of common stock owned (in shares) \| shares	3,029,093
Investment ownership percentage	22.60%
Affiliated Entity [Member] \| Investment Advisory Agreement
Related Party Transaction [Line Items]
Number of components of incentive fee	2
Base management fee percentage	1.75%
Affiliated Entity [Member] \| Base management fee, quarterly
Related Party Transaction [Line Items]
Base management fee percentage	0.25%	0.25%
Affiliated Entity [Member] \| Incentive fee, realized capital gains
Related Party Transaction [Line Items]
Incentive fee percentage	20.00%
Affiliated Entity [Member] \| Incentive fee, pre-incentive fee net investment income exceeds catch-up threshold
Related Party Transaction [Line Items]
Incentive fee percentage	20.00%
Affiliated Entity [Member] \| Incentive fee, quarterly catch-up threshold
Related Party Transaction [Line Items]
Incentive fee percentage	2.50%
Affiliated Entity [Member] \| Incentive fee, pre-incentive fee net investment income below catch-up threshold
Related Party Transaction [Line Items]
Incentive fee percentage	100.00%
Affiliated Entity [Member] \| Incentive fee
Related Party Transaction [Line Items]
Number of components of incentive fee	2
Affiliated Entity [Member] \| Incentive fee, annualized hurdle rate
Related Party Transaction [Line Items]
Incentive fee percentage	8.00%
Affiliated Entity [Member] \| Incentive fee, quarterly hurdle rate
Related Party Transaction [Line Items]
Incentive fee percentage	2.00%
Affiliated Entity [Member] \| Incentive fee, pre-incentive fee net income
Related Party Transaction [Line Items]
Incentive fee percentage	20.00%
Affiliated Entity [Member] \| Base management fee, annualized
Related Party Transaction [Line Items]
Base management fee percentage	1.00%	1.00%

Consolidated Schedule of Investments - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Mar. 31, 2026

Dec. 31, 2025

Schedule of Investments [Line Items]

Principal Amount

$ 312,907

^[1]

$ 343,435

^[2]

Amortized Cost

296,782

^[1]

328,400

^[2]

Fair Value

$ 308,120

^[1],[3]

$ 342,015

^[2],[4]

Percent of Net Assets

281.80%

^[1]

277.60%

^[2]

Cash Equivalents, Principal Balance, Amount

$ 1,281

^[1],[5]

$ 309

^[2],[6]

Cash Equivalents, Amortized Cost

1,281

^[1],[5]

309

^[2],[6]

Cash Equivalents, Fair Value

$ 1,281

^[1],[3],[5]

$ 309

^[2],[4],[6]

Cash Equivalents, Percent of Net Assets

^[1],[5]

0.012

Cash Equivalents Percent Of Net Assets

^[2],[6]

0.003

Total Investments and Cash Equivalents, Principal Amount

$ 314,189

^[1]

$ 343,744

^[2]

Total Investments and Cash Equivalents, Amortized Cost

298,064

^[1]

328,709

^[2]

Total Investments and Cash Equivalents, Fair Value

$ 309,401

^[1],[3]

$ 342,324

^[2],[4]

Total Investments and Cash Equivalents, Percent of Net Assets

2.83

^[1]

2.779

^[2],[6]

First American Treasury Obligations Fund Class Z

Schedule of Investments [Line Items]

Principal Amount

$ 567

^[1],[5]

$ 74

^[2],[6]

Investment Yield Percentage

0.0356

0.0366

Cash Equivalents, Amortized Cost

$ 567

^[1],[5]

$ 74

^[2],[6]

Cash Equivalents, Fair Value

$ 567

^[1],[3],[5]

$ 74

^[2],[4],[6]

Cash Equivalents, Percent of Net Assets

^[1],[5]

0.005

Cash Equivalents Percent Of Net Assets

^[2],[6]

0.001

Morgan Stanley Institutional Liquidity Funds - Government Portfolio Advisory Class

Schedule of Investments [Line Items]

Principal Amount

$ 714

^[1],[5]

$ 235

^[2],[6]

Investment Yield Percentage

0.0332

0.0348

Cash Equivalents, Amortized Cost

$ 714

^[1],[5]

$ 235

^[2],[6]

Cash Equivalents, Fair Value

$ 714

^[1],[3],[5]

$ 235

^[2],[4],[6]

Cash Equivalents, Percent of Net Assets

^[1],[5]

0.007

Cash Equivalents Percent Of Net Assets

^[2],[6]

0.002

Total debt and equity investments

Schedule of Investments [Line Items]

Amortized Cost

$ 222,989

$ 250,767

Fair Value

$ 259,476

$ 280,410

Percent of Net Assets

237.20%

227.80%

Structured Finance Securities

Schedule of Investments [Line Items]

Principal Amount

^[1],[7]

$ 119,052

Amortized Cost

73,793

^[1],[7]

$ 77,633

Fair Value

$ 48,644

^[1],[3],[7]

$ 61,605

Percent of Net Assets

44.60%

^[1],[7]

49.80%

Non-control/non-affiliate investments

Schedule of Investments [Line Items]

Principal Amount

$ 308,780

^[1]

$ 339,397

^[2]

Amortized Cost

268,628

^[1]

300,748

^[2]

Fair Value

$ 206,235

^[1],[3]

$ 242,070

^[2],[4]

Percent of Net Assets

188.60%

^[1]

196.50%

^[2]

Non-control/non-affiliate investments | Total debt and equity investments

Schedule of Investments [Line Items]

Principal Amount

$ 189,728

^[1]

$ 216,070

^[2]

Amortized Cost

194,835

^[1]

223,115

^[2]

Fair Value

$ 157,591

^[1]

$ 180,465

^[2],[4]

Percent of Net Assets

144.00%

^[1]

146.70%

^[2]

Non-control/non-affiliate investments | Structured Finance Securities

Schedule of Investments [Line Items]

Principal Amount

^[2]

$ 123,327

Amortized Cost

^[2]

77,633

Fair Value

^[2],[4]

$ 61,605

Percent of Net Assets

^[2]

49.80%

Affiliate investments

Schedule of Investments [Line Items]

Principal Amount

$ 4,127

^[1]

$ 4,038

^[2]

Amortized Cost

28,154

^[1]

27,652

^[2]

Fair Value

$ 101,885

^[1],[3]

$ 99,945

^[2],[4]

Percent of Net Assets

93.20%

^[1]

81.20%

^[2]

12 Interactive, LLC (D/B/A PerkSpot) | Total debt and equity investments | Software Publishers [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,566

^[1],[8]

$ 2,573

^[2]

Amortized Cost

2,545

^[1],[8]

2,548

^[2]

Fair Value

$ 2,524

^[1],[3],[8]

$ 2,570

^[2],[4]

Percent of Net Assets

2.30%

^[1],[8]

2.10%

^[2]

AIDC IntermediateCo 2, LLC | Total debt and equity investments | Computer Systems Design Services [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 1,980

^[1],[9]

$ 1,985

^[2]

Amortized Cost

1,967

^[1],[9]

1,970

^[2]

Fair Value

$ 1,978

^[1],[3],[9]

$ 1,983

^[2],[4]

Percent of Net Assets

1.80%

^[1],[9]

1.60%

^[2]

Associated Spring, LLC | Total debt and equity investments | Spring Manufacturing [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,648

^[1],[9]

$ 2,457

^[2]

Amortized Cost

2,607

^[1],[9]

2,413

^[2]

Fair Value

$ 2,637

^[1],[3],[9]

$ 2,445

^[2],[4]

Percent of Net Assets

2.40%

^[1],[9]

2.00%

^[2]

Avison Young Inc. | Total debt and equity investments | Nonresidential Property Managers [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,347

^[1],[9]

$ 2,311

^[2]

Amortized Cost

4,889

^[1],[9]

4,865

^[2]

Fair Value

$ 2,511

^[1],[3],[9]

$ 2,136

^[2],[4]

Percent of Net Assets

2.20%

^[1],[9]

1.80%

^[2]

BayMark Health Services, Inc. | Total debt and equity investments | Outpatient Mental Health and Substance Abuse Centers [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 8,950

^[1],[9],[10]

$ 8,950

^[2]

Amortized Cost

8,892

^[1],[9],[10]

8,892

^[2]

Fair Value

$ 45

^{[1],[3],[9],[10]}

$ 447

^[2],[4]

Percent of Net Assets

0.00%

^[1],[9],[10]

0.40%

^[2]

Boca Home Care Holdings, Inc. | Total debt and equity investments | Services For The Elderly And Persons With Disabilities [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 9,172

^[1],[11]

$ 9,244

^[2]

Amortized Cost

10,777

^[1],[11]

10,840

^[2]

Fair Value

$ 10,412

^[1],[3],[11]

$ 10,374

^[2],[4]

Percent of Net Assets

9.50%

^[1],[11]

8.40%

^[2]

Clevertech Bidco, LLC | Total debt and equity investments | Commodity Contracts Dealing [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 3,237

^[1]

$ 3,245

^[2]

Amortized Cost

3,192

^[1]

3,193

^[2]

Fair Value

$ 3,063

^[1],[3]

$ 3,067

^[2],[4]

Percent of Net Assets

2.80%

^[1]

2.50%

^[2]

Envocore Holding, LLC (F/K/A LRI Holding, LLC) | Total debt and equity investments | Electrical Contractors and Other Wiring Installation Contractors [Member]

Schedule of Investments [Line Items]

Principal Amount

^[2],[12]

$ 15,757

Amortized Cost

^[2],[12]

17,473

Fair Value

^[2],[4],[12]

$ 8,549

Percent of Net Assets

^[2],[12]

6.90%

GoTo Group (F/K/A LogMeIn, Inc.) | Total debt and equity investments | Data Processing, Hosting, and Related Services [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,200

^[1],[9],[13]

$ 2,206

^{[2],[14],[15]}

Amortized Cost

2,200

^[1],[9],[13]

2,205

^{[2],[14],[15]}

Fair Value

$ 1,152

^{[1],[3],[9],[13]}

$ 1,329

^{[2],[4],[14],[15]}

Percent of Net Assets

1.10%

^[1],[9],[13]

1.10%

^{[2],[14],[15]}

Honor HN Buyer Inc. | Total debt and equity investments | Services For The Elderly And Persons With Disabilities [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,326

^[1]

$ 7,364

^[2]

Amortized Cost

2,279

^[1]

7,290

^[2]

Fair Value

$ 2,319

^[1],[3]

$ 7,354

^[2],[4]

Percent of Net Assets

2.10%

^[1]

5.90%

^[2]

I Love Produce, LLC [Member] | Total debt and equity investments | Spice And Extract Manufacturing [Member]

Schedule of Investments [Line Items]

Principal Amount

^[1]

$ 314

Amortized Cost

^[1]

306

Fair Value

^[1],[3]

$ 306

Percent of Net Assets

^[1]

0.30%

Inergex Holdings, LLC | Total debt and equity investments | Other Computer Related Services [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 17,387

^[1]

$ 16,960

^[2],[16]

Amortized Cost

17,351

^[1]

16,906

^[2],[16]

Fair Value

$ 17,387

^[1],[3]

$ 16,960

^[2],[4],[16]

Percent of Net Assets

15.90%

^[1]

13.90%

^[2],[16]

Integrated Energy Services, LLC | Total debt and equity investments | Computer Systems Design Services [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 524

^[1]

$ 525

^[2]

Amortized Cost

510

^[1]

508

^[2]

Fair Value

$ 507

^[1],[3]

$ 508

^[2],[4]

Percent of Net Assets

0.50%

^[1]

0.40%

^[2]

JP Intermediate B, LLC | Total debt and equity investments | Drugs and Druggists' Sundries Merchant Wholesalers [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 1,833

^[1]

$ 1,834

^[2]

Amortized Cost

4,825

^[1]

4,826

^[2]

Fair Value

$ 1,316

^[1],[3]

$ 1,809

^[2],[4]

Percent of Net Assets

1.20%

^[1]

1.50%

^[2]

Kreg LLC | Total debt and equity investments | Other Ambulatory Health Care Services [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 18,408

^[1],[17]

$ 18,593

^[2]

Amortized Cost

18,390

^[1],[17]

18,568

^[2]

Fair Value

$ 17,984

^[1],[3],[17]

$ 18,073

^[2],[4]

Percent of Net Assets

16.50%

^[1],[17]

14.70%

^[2]

Medrina LLC | Total debt and equity investments | All Other Outpatient Care Centers [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 2,551

^[1]

$ 2,557

^[2]

Amortized Cost

2,509

^[1]

2,514

^[2]

Fair Value

$ 2,551

^[1],[3]

$ 2,557

^[2],[4]

Percent of Net Assets

2.30%

^[1]

2.10%

^[2]

One GI LLC | Total debt and equity investments | Offices of Other Holding Companies [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 12,532

^[1]

$ 12,561

^[2]

Amortized Cost

12,532

^[1]

12,561

^[2]

Fair Value

$ 10,916

^[1],[3]

$ 11,419

^[2],[4]

Percent of Net Assets

10.00%

^[1]

9.30%

^[2]

PSB Group, LLC | Total debt and equity investments | Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 8,268

^[1],[11]

$ 8,288

^[2],[16]

Amortized Cost

8,232

^[1],[11]

8,249

^[2],[16]

Fair Value

$ 8,346

^[1],[3],[11]

$ 8,284

^[2],[4],[16]

Percent of Net Assets

7.70%

^[1],[11]

6.70%

^[2],[16]

Redstone Holdco 2 LP (F/K/A RSA Security) | Total debt and equity investments | Computer and Computer Peripheral Equipment and Software Merchant Wholesalers [Member]

Schedule of Investments [Line Items]

Principal Amount

^[1],[9]

$ 1,080

Amortized Cost

^[1],[9]

1,066

Fair Value

^[1],[3],[9]

$ 1,026

Percent of Net Assets

^[1],[9]

0.90%

RideNow Group, Inc. | Total debt and equity investments | Other Industrial Machinery Manufacturing [Member]

Schedule of Investments [Line Items]

Principal Amount

^[1],[7],[9]

$ 3,112

Amortized Cost

^[1],[7],[9]

3,287

Fair Value

^[1],[7],[9]

$ 3,109

Percent of Net Assets

^[1],[7],[9]

2.80%

Ride Now Group Inc. (F/K/A RumbleOn, Inc.) | Total debt and equity investments | Other Industrial Machinery Manufacturing [Member]

Schedule of Investments [Line Items]

Principal Amount

^{[2],[15],[18]}

$ 3,104

Amortized Cost

^{[2],[15],[18]}

3,276

Fair Value

^{[2],[4],[15],[18]}

$ 3,061

Percent of Net Assets

^{[2],[15],[18]}

2.60%

SS Acquisition, LLC | Total debt and equity investments | Sports and Recreation Instruction [Member]

Schedule of Investments [Line Items]

Principal Amount

^[1],[11]

$ 17,252

Amortized Cost

^[1],[11]

17,183

Fair Value

^[1],[11]

$ 17,420

Percent of Net Assets

^[1],[11]

16.00%

SS Acquisition, LLC | Total debt and equity investments | New Single-Family Housing Construction (except For-Sale Builders) [Member]

Schedule of Investments [Line Items]

Principal Amount

^[2],[16]

$ 17,295

Amortized Cost

^[2],[16]

17,221

Fair Value

^[2],[4],[16]

$ 17,328

Percent of Net Assets

^[2],[16]

14.00%

SSJA Bariatric Management LLC | Affiliate investments

Schedule of Investments [Line Items]

Principal Amount

^[2],[16]

$ 4,038

Amortized Cost

^[2],[16]

13,693

Fair Value

^[2],[4],[16]

$ 5,768

Percent of Net Assets

^[2],[16]

4.70%

SSJA Bariatric Management LLC | Affiliate investments | Offices of Physicians and Mental Health Specialists [Member]

Schedule of Investments [Line Items]

Principal Amount

^[1]

$ 4,127

Amortized Cost

^[1]

13,784

Fair Value

^[1],[3]

$ 5,684

Percent of Net Assets

^[1]

5.20%

Tolemar Acquisition, Inc. | Total debt and equity investments | Motorcycle, Bicycle, and Parts Manufacturing [Member]

Schedule of Investments [Line Items]

Principal Amount

$ 15,157

^[1]

$ 15,009

^[2]

Amortized Cost

15,104

^[1]

14,946

^[2]

Fair Value

$ 9,610

^[1]

$ 10,645

^[2],[4]

Percent of Net Assets

8.80%

^[1]

8.60%

^[2]

Contract Datascan Holdings, Inc. | Office Machinery and Equipment Rental and Leasing [Member]

Schedule of Investments [Line Items]

Amortized Cost

^[2]

$ 12,607

Fair Value

^[2],[4]

$ 12,085

Percent of Net Assets

^[2]

9.80%

Contract Datascan Holdings, Inc. | Affiliate investments | Office Machinery and Equipment Rental and Leasing [Member]

Schedule of Investments [Line Items]

Amortized Cost

^[1]

$ 13,019

Fair Value

^[1],[3]

$ 12,030

Percent of Net Assets

^[1]

11.00%

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Common Equity

Schedule of Investments [Line Items]

Fair Value

^[19],[20]

$ 0

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Preferred Equity 1

Schedule of Investments [Line Items]

Fair Value

^[19],[21]

9,050

9,201

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Preferred Equity 2

Schedule of Investments [Line Items]

Fair Value

^[19],[21]

2,980

2,884

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Warrants 1

Schedule of Investments [Line Items]

Fair Value

^[19],[20]

Investment, Identifier [Axis]: Contract Datascan Holdings, Inc., Warrants 2

Schedule of Investments [Line Items]

Fair Value

^[19],[20]

Investment, Identifier [Axis]: DRS Imaging Services, LLC, Common Equity

Schedule of Investments [Line Items]

Fair Value

^[19],[20]

3,741

2,671

Investment, Identifier [Axis]: Pfanstiehl Holdings, Inc., Common Equity

Schedule of Investments [Line Items]

Fair Value

^[19]

$ 80,430

$ 79,421

Schedule of Investments [Line Items]

Initial Acquisition Date

Jun. 28, 2016

^{[1],[22],[23]}

Jun. 28, 2016

^{[2],[12],[24]}

Amortized Cost

$ 104

^{[1],[22],[23]}

$ 104

^{[2],[12],[24]}

Fair Value

$ 0

^{[1],[3],[22],[23]}

$ 0

^{[2],[4],[12],[24]}

Percent of Net Assets

0.00%

^{[1],[22],[23]}

0.00%

^{[2],[12],[24]}

Schedule of Investments [Line Items]

Initial Acquisition Date

Aug. 21, 2025

^[1],[23]

Aug. 21, 2025

^[2],[12]

Amortized Cost

$ 2,986

^[1],[23]

$ 2,890

^[2],[12]

Fair Value

$ 2,980

^[1],[3],[23]

$ 2,884

^[2],[4],[12]

Percent of Net Assets

2.70%

^[1],[23]

2.30%

^[2],[12]

Schedule of Investments [Line Items]

Initial Acquisition Date

Aug. 05, 2015

^[1],[23]

Aug. 05, 2015

^[2],[12]

Amortized Cost

$ 9,929

^[1],[23]

$ 9,613

^[2],[12]

Fair Value

$ 9,050

^[1],[3],[23]

$ 9,201

^[2],[4],[12]

Percent of Net Assets

8.30%

^[1],[23]

7.50%

^[2],[12]

Schedule of Investments [Line Items]

Initial Acquisition Date

Aug. 21, 2025

^{[1],[22],[23]}

Aug. 21, 2025

^{[2],[12],[24]}

Amortized Cost

$ 0

^{[1],[22],[23]}

$ 0

^{[2],[12],[24]}

Fair Value

$ 0

^{[1],[3],[22],[23]}

$ 0

^{[2],[4],[12],[24]}

Maturity

Aug. 20, 2035

^{[1],[22],[23],[25]}

Aug. 20, 2035

^{[2],[12],[24],[26]}

Percent of Net Assets

0.00%

^{[1],[22],[23]}

0.00%

^{[2],[12],[24]}

Schedule of Investments [Line Items]

Initial Acquisition Date

Aug. 21, 2025

^{[1],[22],[23]}

Aug. 21, 2025

^{[2],[12],[24]}

Amortized Cost

$ 0

^{[1],[22],[23]}

$ 0

^{[2],[12],[24]}

Fair Value

$ 0

^{[1],[3],[22],[23]}

$ 0

^{[2],[4],[12],[24]}

Maturity

Aug. 20, 2035

^{[1],[22],[23],[25]}

Aug. 20, 2035

^{[2],[12],[24],[26]}

Percent of Net Assets

0.00%

^{[1],[22],[23]}

0.00%

^{[2],[12],[24]}

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[11],[22],[27]}

Mar. 08, 2018

Amortized Cost

^{[1],[11],[22],[27]}

$ 1,135

Fair Value

^{[1],[3],[11],[22],[27]}

$ 3,741

Percent of Net Assets

^{[1],[11],[22],[27]}

3.40%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[16],[24],[28]}

Mar. 08, 2018

Amortized Cost

^{[2],[16],[24],[28]}

$ 1,135

Fair Value

^{[2],[4],[16],[24],[28]}

$ 2,671

Percent of Net Assets

^{[2],[16],[24],[28]}

2.20%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[16],[29]}

Jan. 01, 2014

Amortized Cost

^{[2],[16],[29]}

$ 217

Fair Value

^{[2],[4],[16],[29]}

$ 79,421

Percent of Net Assets

^{[2],[16],[29]}

64.50%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[11],[17]}

Jan. 01, 2014

Amortized Cost

^{[1],[11],[17]}

$ 217

Fair Value

^{[1],[3],[11],[17]}

$ 80,430

Percent of Net Assets

^{[1],[11],[17]}

73.60%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[9],[11],[22],[27]}

Oct. 31, 2025

Amortized Cost

^{[1],[9],[11],[22],[27]}

$ 9,657

Fair Value

^{[1],[3],[9],[11],[22],[27]}

$ 1,557

Percent of Net Assets

^{[1],[9],[11],[22],[27]}

1.40%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[15],[16],[28]}

Oct. 31, 2025

Amortized Cost

^{[2],[15],[16],[28]}

$ 9,657

Fair Value

^{[2],[4],[15],[16],[28]}

$ 1,729

Percent of Net Assets

^{[2],[15],[16],[28]}

1.40%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[11],[30],[31]}

9.07%

Spread Above Index

^{[1],[11],[30],[31]}

5.25%

Initial Acquisition Date

^{[1],[11],[31]}

Oct. 31, 2025

Principal Amount

^{[1],[11],[31]}

$ 234

Amortized Cost

^{[1],[11],[31]}

234

Fair Value

^{[1],[3],[11],[31]}

$ 234

Maturity

^{[1],[11],[31]}

Oct. 31, 2028

Percent of Net Assets

^{[1],[11],[31]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians and Mental Health Specialists Interest Rate 9.07%PIK Spread Above Index SOFR+ 5.25 % Initial Acquisition Date 12/31/2020 Maturity 10/31/2028

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[9],[11],[30]}

9.07%

Spread Above Index

^{[1],[9],[11],[30]}

5.25%

Initial Acquisition Date

^[1],[9],[11]

Dec. 31, 2020

Principal Amount

^[1],[9],[11]

$ 3,893

Amortized Cost

^[1],[9],[11]

3,893

Fair Value

^{[1],[3],[9],[11]}

$ 3,893

Maturity

^[1],[9],[11]

Oct. 31, 2028

Percent of Net Assets

^[1],[9],[11]

3.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[2],[15],[16],[32]}

9.24%

Spread Above Index

^{[2],[15],[16],[32]}

5.25%

Initial Acquisition Date

^{[2],[15],[16]}

Dec. 31, 2020

Principal Amount

^{[2],[15],[16]}

$ 3,804

Amortized Cost

^{[2],[15],[16]}

3,804

Fair Value

^{[2],[4],[15],[16]}

$ 3,804

Maturity

^{[2],[15],[16]}

Oct. 31, 2028

Percent of Net Assets

^{[2],[15],[16]}

3.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians, Mental Health Specialists Interest Rate 9.24% Spread Above Index SOFR+5.25% Initial Acquisition Date 10/31/2025 Maturity 10/31/2028

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32],[33]}

9.24%

Spread Above Index

^{[2],[16],[32],[33]}

5.25%

Initial Acquisition Date

^{[2],[16],[33]}

Oct. 31, 2025

Principal Amount

^{[2],[16],[33]}

$ 234

Amortized Cost

^{[2],[16],[33]}

232

Fair Value

^{[2],[4],[16],[33]}

$ 235

Maturity

^{[2],[16],[33]}

Oct. 31, 2028

Percent of Net Assets

^{[2],[16],[33]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

10.96%

Spread Above Index

^{[2],[15],[32]}

7.13%

Initial Acquisition Date

^[2],[15]

Jan. 28, 2022

Principal Amount

^[2],[15]

$ 8,386

Amortized Cost

^[2],[15]

8,366

Fair Value

^[2],[4],[15]

$ 8,361

Maturity

^[2],[15]

Nov. 16, 2027

Percent of Net Assets

^[2],[15]

6.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

^{[1],[8],[30],[31]}

5.75%

Initial Acquisition Date

^[1],[8],[31]

Sep. 05, 2025

Principal Amount

^[1],[8],[31]

$ 0

Amortized Cost

^[1],[8],[31]

(3)

Fair Value

^{[1],[3],[8],[31]}

$ (9)

Maturity

^[1],[8],[31]

Sep. 05, 2030

Percent of Net Assets

^[1],[8],[31]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt (Revolver) Industry Software Publisher Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Spread Above Index

^{[2],[32],[34],[35]}

5.75%

Initial Acquisition Date

^{[2],[34],[35]}

Sep. 05, 2025

Amortized Cost

^{[2],[34],[35]}

$ (3)

Fair Value

^{[2],[4],[34],[35]}

$ (3)

Maturity

^{[2],[34],[35]}

Sep. 05, 2030

Percent of Net Assets

^{[2],[34],[35]}

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[35]}

9.42%

Spread Above Index

^{[2],[32],[35]}

5.75%

Initial Acquisition Date

^[2],[35]

Sep. 05, 2025

Principal Amount

^[2],[35]

$ 1,120

Amortized Cost

^[2],[35]

1,110

Fair Value

^[2],[4],[35]

$ 1,120

Maturity

^[2],[35]

Mar. 05, 2027

Percent of Net Assets

^[2],[35]

0.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.42% Spread Above Index SOFR + 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[35]}

9.42%

Spread Above Index

^{[2],[32],[35]}

5.75%

Initial Acquisition Date

^[2],[35]

Sep. 05, 2025

Principal Amount

^[2],[35]

$ 1,453

Amortized Cost

^[2],[35]

1,441

Fair Value

^[2],[4],[35]

$ 1,453

Maturity

^[2],[35]

Sep. 05, 2030

Percent of Net Assets

^[2],[35]

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 3/5/2027

Schedule of Investments [Line Items]

Interest Rate

^[1],[8],[30]

9.45%

Spread Above Index

^[1],[8],[30]

5.75%

Initial Acquisition Date

^[1],[8]

Sep. 05, 2025

Principal Amount

^[1],[8]

$ 1,117

Amortized Cost

^[1],[8]

1,110

Fair Value

^[1],[3],[8]

$ 1,103

Maturity

^[1],[8]

Mar. 05, 2027

Percent of Net Assets

^[1],[8]

1.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments 12 Interactive, LLC (D/B/A PerkSpot) First Lien Debt Industry Software Publishers Interest Rate 9.45% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 9/5/2025 Maturity 9/5/2030

Schedule of Investments [Line Items]

Interest Rate

^[1],[8],[30]

9.45%

Spread Above Index

^[1],[8],[30]

5.75%

Initial Acquisition Date

^[1],[8]

Sep. 05, 2025

Principal Amount

^[1],[8]

$ 1,449

Amortized Cost

^[1],[8]

1,438

Fair Value

^[1],[3],[8]

$ 1,430

Maturity

^[1],[8]

Sep. 05, 2030

Percent of Net Assets

^[1],[8]

1.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

10.91%

Spread Above Index

^[1],[9],[30]

7.13%

Initial Acquisition Date

^[1],[9]

Jan. 28, 2022

Principal Amount

^[1],[9]

$ 8,363

Amortized Cost

^[1],[9]

8,345

Fair Value

^[1],[3],[9]

$ 8,345

Maturity

^[1],[9]

Nov. 16, 2027

Percent of Net Assets

^[1],[9]

7.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

8.92%

Spread Above Index

^[1],[9],[30]

5.25%

Initial Acquisition Date

^[1],[9]

Jul. 22, 2022

Principal Amount

^[1],[9]

$ 1,935

Amortized Cost

^[1],[9]

1,922

Fair Value

^[1],[3],[9]

$ 1,933

Maturity

^[1],[9]

Jul. 22, 2027

Percent of Net Assets

^[1],[9]

1.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

8.92%

Spread Above Index

^[1],[9],[30]

5.25%

Initial Acquisition Date

^[1],[9]

Jul. 31, 2023

Principal Amount

^[1],[9]

$ 45

Amortized Cost

^[1],[9]

Fair Value

^[1],[3],[9]

$ 45

Maturity

^[1],[9]

Jul. 22, 2027

Percent of Net Assets

^[1],[9]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/22/2022 Maturity 7/22/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

8.97%

Spread Above Index

^{[2],[15],[32]}

5.25%

Initial Acquisition Date

^[2],[15]

Jul. 22, 2022

Principal Amount

^[2],[15]

$ 1,940

Amortized Cost

^[2],[15]

1,925

Fair Value

^[2],[4],[15]

$ 1,938

Maturity

^[2],[15]

Jul. 22, 2027

Percent of Net Assets

^[2],[15]

1.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments AIDC IntermediateCo 2, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 8.97% Spread Above Index SOFR+5.25% Initial Acquisition Date 7/31/2023 Maturity 7/22/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

8.97%

Spread Above Index

^{[2],[15],[32]}

5.25%

Initial Acquisition Date

^[2],[15]

Jul. 31, 2023

Principal Amount

^[2],[15]

$ 45

Amortized Cost

^[2],[15]

Fair Value

^[2],[4],[15]

$ 45

Maturity

^[2],[15]

Jul. 22, 2027

Percent of Net Assets

^[2],[15]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

9.32%

Spread Above Index

^{[2],[15],[32]}

5.50%

Initial Acquisition Date

^[2],[15]

Mar. 02, 2021

Principal Amount

^[2],[15]

$ 3,652

Amortized Cost

^[2],[15]

3,651

Fair Value

^[2],[4],[15]

$ 2,862

Maturity

^[2],[15]

Feb. 10, 2027

Percent of Net Assets

^[2],[15]

2.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Allen Media, LLC First Lien Debt Industry Cable and Other Subscription Programming Interest Rate 9.35% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 3/2/2021 Maturity 2/10/2027

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.35%

Spread Above Index

^[1],[9],[30]

5.50%

Initial Acquisition Date

^[1],[9]

Mar. 02, 2021

Principal Amount

^[1],[9]

$ 3,642

Amortized Cost

^[1],[9]

3,642

Fair Value

^[1],[3],[9]

$ 2,746

Maturity

^[1],[9]

Feb. 10, 2027

Percent of Net Assets

^[1],[9]

2.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[30],[31]}

8.52%

Spread Above Index

^{[1],[9],[30],[31]}

4.75%

Initial Acquisition Date

^[1],[9],[31]

Dec. 10, 2024

Principal Amount

^[1],[9],[31]

$ 444

Amortized Cost

^[1],[9],[31]

436

Fair Value

^{[1],[3],[9],[31]}

$ 439

Maturity

^[1],[9],[31]

Apr. 04, 2030

Percent of Net Assets

^[1],[9],[31]

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt (Delayed Draw) Industry Spring Manufacturing Interest Rate 8.57% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32],[34]}

8.57%

Spread Above Index

^{[2],[15],[32],[34]}

4.75%

Initial Acquisition Date

^{[2],[15],[34]}

Dec. 10, 2024

Principal Amount

^{[2],[15],[34]}

$ 238

Amortized Cost

^{[2],[15],[34]}

230

Fair Value

^{[2],[4],[15],[34]}

$ 233

Maturity

^{[2],[15],[34]}

Apr. 04, 2030

Percent of Net Assets

^{[2],[15],[34]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.53% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

8.53%

Spread Above Index

^[1],[9],[30]

4.75%

Initial Acquisition Date

^[1],[9]

Dec. 10, 2024

Principal Amount

^[1],[9]

$ 2,205

Amortized Cost

^[1],[9]

2,171

Fair Value

^[1],[3],[9]

$ 2,198

Maturity

^[1],[9]

Apr. 04, 2030

Percent of Net Assets

^[1],[9]

2.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Associated Spring, LLC First Lien Debt Industry Spring Manufacturing Interest Rate 8.59% Spread Above Index SOFR + 4.75% Initial Acquisition Date 12/10/2024 Maturity 4/4/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

8.59%

Spread Above Index

^{[2],[15],[32]}

4.75%

Initial Acquisition Date

^[2],[15]

Dec. 10, 2024

Principal Amount

^[2],[15]

$ 2,219

Amortized Cost

^[2],[15]

2,183

Fair Value

^[2],[4],[15]

$ 2,212

Maturity

^[2],[15]

Apr. 04, 2030

Percent of Net Assets

^[2],[15]

1.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[13],[30]}

7.92%

Spread Above Index

^{[1],[9],[13],[30]}

4.25%

Initial Acquisition Date

^[1],[9],[13]

Oct. 28, 2025

Principal Amount

^[1],[9],[13]

$ 495

Amortized Cost

^[1],[9],[13]

494

Fair Value

^{[1],[3],[9],[13]}

$ 490

Maturity

^[1],[9],[13]

Sep. 19, 2030

Percent of Net Assets

^[1],[9],[13]

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Asurion, LLC First Lien Debt Industry Communication Equipment Repair and Maintenance Interest Rate 7.97% Spread Above Index SOFR + 4.25% Initial Acquisition Date 10/28/2025 Maturity 9/19/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

7.97%

Spread Above Index

^{[2],[14],[15],[32]}

4.25%

Initial Acquisition Date

^{[2],[14],[15]}

Oct. 28, 2025

Principal Amount

^{[2],[14],[15]}

$ 1,496

Amortized Cost

^{[2],[14],[15]}

1,493

Fair Value

^{[2],[4],[14],[15]}

$ 1,498

Maturity

^{[2],[14],[15]}

Sep. 19, 2030

Percent of Net Assets

^{[2],[14],[15]}

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[9],[22],[27]}

Mar. 12, 2024

Amortized Cost

^{[1],[9],[22],[27]}

$ 1,400

Fair Value

^{[1],[3],[9],[22],[27]}

$ 0

Percent of Net Assets

^{[1],[9],[22],[27]}

0.00%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[15],[18],[24],[28]}

Mar. 12, 2024

Amortized Cost

^{[2],[15],[18],[24],[28]}

$ 1,400

Fair Value

^{[2],[4],[15],[18],[24],[28]}

$ 0

Percent of Net Assets

^{[2],[15],[18],[24],[28]}

0.00%

Schedule of Investments [Line Items]

Spread Above Index

^{[2],[18],[32],[34]}

8.50%

Initial Acquisition Date

^{[2],[18],[34]}

Dec. 18, 2025

Principal Amount

^{[2],[18],[34]}

$ 0

Amortized Cost

^{[2],[18],[34]}

Fair Value

^{[2],[4],[18],[34]}

$ 0

Maturity

^{[2],[18],[34]}

Dec. 12, 2027

Percent of Net Assets

^{[2],[18],[34]}

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[18],[32],[36]}

3.70%

Interest Rate, PIK

^{[2],[18],[32],[36]}

8.50%

Spread Above Index

^{[2],[18],[32],[36]}

8.50%

Initial Acquisition Date

^{[2],[18],[36]}

Dec. 18, 2025

Principal Amount

^{[2],[18],[36]}

$ 82

Amortized Cost

^{[2],[18],[36]}

Fair Value

^{[2],[4],[18],[36]}

$ 83

Maturity

^{[2],[18],[36]}

Dec. 12, 2027

Percent of Net Assets

^{[2],[18],[36]}

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.66% cash / 6.50% PIK Spread Above Index SOFR+ 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[30],[37]}

4.66%

Interest Rate, PIK

^{[1],[9],[30],[37]}

6.50%

Spread Above Index

^{[1],[9],[30],[37]}

7.35%

Initial Acquisition Date

^[1],[9],[37]

Dec. 18, 2025

Principal Amount

^[1],[9],[37]

$ 235

Amortized Cost

^[1],[9],[37]

235

Fair Value

^{[1],[3],[9],[37]}

$ 239

Maturity

^[1],[9],[37]

Dec. 12, 2027

Percent of Net Assets

^[1],[9],[37]

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.90% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 47189 3/12/2029

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[30],[37]}

4.90%

Interest Rate, PIK

^{[1],[9],[30],[37]}

6.50%

Spread Above Index

^{[1],[9],[30],[37]}

7.50%

Initial Acquisition Date

^[1],[9],[37]

Nov. 25, 2021

Principal Amount

^[1],[9],[37]

$ 327

Amortized Cost

^[1],[9],[37]

200

Fair Value

^{[1],[3],[9],[37]}

$ 269

Maturity

^[1],[9],[37]

Mar. 12, 2029

Percent of Net Assets

^[1],[9],[37]

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.94% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[30],[37]}

4.94%

Interest Rate, PIK

^{[1],[9],[30],[37]}

6.50%

Spread Above Index

^{[1],[9],[30],[37]}

7.50%

Initial Acquisition Date

^[1],[9],[37]

Nov. 25, 2021

Principal Amount

^[1],[9],[37]

$ 1,666

Amortized Cost

^[1],[9],[37]

1,666

Fair Value

^{[1],[3],[9],[37]}

$ 1,548

Maturity

^[1],[9],[37]

Mar. 12, 2029

Percent of Net Assets

^[1],[9],[37]

1.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.20% cash / 5.85% PIK Spread Above Index SOFR + 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[18],[32],[36]}

5.20%

Interest Rate, PIK

^{[2],[15],[18],[32],[36]}

5.85%

Spread Above Index

^{[2],[15],[18],[32],[36]}

7.35%

Initial Acquisition Date

^{[2],[15],[18],[36]}

Dec. 18, 2025

Principal Amount

^{[2],[15],[18],[36]}

$ 231

Amortized Cost

^{[2],[15],[18],[36]}

231

Fair Value

^{[2],[4],[15],[18],[36]}

$ 234

Maturity

^{[2],[15],[18],[36]}

Dec. 12, 2027

Percent of Net Assets

^{[2],[15],[18],[36]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.49% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[18],[32],[36]}

5.49%

Interest Rate, PIK

^{[2],[15],[18],[32],[36]}

6.50%

Spread Above Index

^{[2],[15],[18],[32],[36]}

8.00%

Initial Acquisition Date

^{[2],[15],[18],[36]}

Nov. 25, 2021

Principal Amount

^{[2],[15],[18],[36]}

$ 1,669

Amortized Cost

^{[2],[15],[18],[36]}

1,670

Fair Value

^{[2],[4],[15],[18],[36]}

$ 1,452

Maturity

^{[2],[15],[18],[36]}

Mar. 12, 2029

Percent of Net Assets

^{[2],[15],[18],[36]}

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.60% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[18],[24],[32],[36],[38]}

5.60%

Interest Rate, PIK

^{[2],[15],[18],[24],[32],[36],[38]}

6.50%

Spread Above Index

^{[2],[15],[18],[24],[32],[36],[38]}

8.00%

Initial Acquisition Date

^{[2],[15],[18],[24],[36],[38]}

Nov. 25, 2021

Principal Amount

^{[2],[15],[18],[24],[36],[38]}

$ 329

Amortized Cost

^{[2],[15],[18],[24],[36],[38]}

213

Fair Value

^{[2],[4],[15],[18],[24],[36],[38]}

$ 249

Maturity

^{[2],[15],[18],[24],[36],[38]}

Mar. 12, 2029

Percent of Net Assets

^{[2],[15],[18],[24],[36],[38]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[30],[37]}

5.81%

Interest Rate, PIK

^{[1],[9],[30],[37]}

6.50%

Spread Above Index

^{[1],[9],[30],[37]}

8.50%

Initial Acquisition Date

^[1],[9],[37]

Dec. 18, 2025

Principal Amount

^[1],[9],[37]

$ 84

Amortized Cost

^[1],[9],[37]

Fair Value

^{[1],[3],[9],[37]}

$ 86

Maturity

^[1],[9],[37]

Dec. 12, 2027

Percent of Net Assets

^[1],[9],[37]

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 46733 12/12/2027

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[30],[37]}

5.81%

Interest Rate, PIK

^{[1],[9],[30],[37]}

6.50%

Spread Above Index

^{[1],[9],[30],[37]}

8.50%

Initial Acquisition Date

^[1],[9],[37]

Dec. 18, 2025

Principal Amount

^[1],[9],[37]

$ 35

Amortized Cost

^[1],[9],[37]

Fair Value

^{[1],[3],[9],[37]}

$ 35

Maturity

^[1],[9],[37]

Dec. 12, 2027

Percent of Net Assets

^[1],[9],[37]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[15],[18],[24],[28]}

Mar. 12, 2024

Amortized Cost

^{[2],[15],[18],[24],[28]}

$ 1,269

Fair Value

^{[2],[4],[15],[18],[24],[28]}

$ 118

Percent of Net Assets

^{[2],[15],[18],[24],[28]}

0.10%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[9],[22],[27]}

Mar. 12, 2024

Amortized Cost

^{[1],[9],[22],[27]}

$ 1,269

Fair Value

^{[1],[3],[9],[22],[27]}

$ 334

Percent of Net Assets

^{[1],[9],[22],[27]}

0.30%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32],[38]}

14.43%

Spread Above Index

^{[2],[15],[32],[38]}

10.50%

Initial Acquisition Date

^{[2],[15],[38]}

Jun. 10, 2021

Principal Amount

^{[2],[15],[38]}

$ 4,962

Amortized Cost

^{[2],[15],[38]}

4,931

Fair Value

^{[2],[4],[15],[38]}

$ 248

Maturity

^{[2],[15],[38]}

Jun. 11, 2028

Percent of Net Assets

^{[2],[15],[38]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[10],[30]}

14.46%

Spread Above Index

^{[1],[9],[10],[30]}

10.50%

Initial Acquisition Date

^[1],[9],[10]

Jun. 10, 2021

Principal Amount

^[1],[9],[10]

$ 4,962

Amortized Cost

^[1],[9],[10]

4,931

Fair Value

^{[1],[3],[9],[10]}

$ 25

Maturity

^[1],[9],[10]

Jun. 11, 2028

Percent of Net Assets

^[1],[9],[10]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.46% Spread Above Index SOFR+ 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028 One

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[10],[30]}

14.46%

Spread Above Index

^{[1],[9],[10],[30]}

10.50%

Initial Acquisition Date

^[1],[9],[10]

Jun. 10, 2021

Principal Amount

^[1],[9],[10]

$ 3,988

Amortized Cost

^[1],[9],[10]

3,961

Fair Value

^{[1],[3],[9],[10]}

$ 20

Maturity

^[1],[9],[10]

Jun. 11, 2028

Percent of Net Assets

^[1],[9],[10]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments BayMark Health Services, Inc. Second Lien Debt Industry Outpatient Mental Health and Substance Abuse Centers Interest Rate 14.70% Spread Above Index SOFR + 10.50% Initial Acquisition Date 6/10/2021 Maturity 6/11/2028

Schedule of Investments [Line Items]

Interest Rate

^[2],[32]

14.70%

Spread Above Index

^[2],[32]

10.50%

Initial Acquisition Date

^[2]

Jun. 10, 2021

Principal Amount

^[2]

$ 3,988

Amortized Cost

^[2]

3,961

Fair Value

^[2],[4]

$ 199

Maturity

^[2]

Jun. 11, 2028

Percent of Net Assets

^[2]

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[13],[30]}

7.17%

Spread Above Index

^{[1],[9],[13],[30]}

3.50%

Initial Acquisition Date

^[1],[9],[13]

Mar. 25, 2026

Principal Amount

^[1],[9],[13]

$ 499

Amortized Cost

^[1],[9],[13]

494

Fair Value

^{[1],[3],[9],[13]}

$ 493

Maturity

^[1],[9],[13]

Mar. 12, 2029

Percent of Net Assets

^[1],[9],[13]

0.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

Feb. 25, 2022

^{[1],[11],[22],[27]}

Feb. 25, 2022

^{[2],[16],[24],[28]}

Amortized Cost

$ 1,290

^{[1],[11],[22],[27]}

$ 1,290

^{[2],[16],[24],[28]}

Fair Value

$ 878

^{[1],[3],[11],[22],[27]}

$ 768

^{[2],[4],[16],[24],[28]}

Percent of Net Assets

0.80%

^{[1],[11],[22],[27]}

0.60%

^{[2],[16],[24],[28]}

Schedule of Investments [Line Items]

Interest Rate

^{[1],[11],[30],[31]}

10.42%

Spread Above Index

^{[1],[11],[30],[31]}

6.50%

Initial Acquisition Date

^{[1],[11],[31]}

Feb. 25, 2022

Principal Amount

^{[1],[11],[31]}

$ 226

Amortized Cost

^{[1],[11],[31]}

223

Fair Value

^{[1],[3],[11],[31]}

$ 226

Maturity

^{[1],[11],[31]}

Feb. 25, 2027

Percent of Net Assets

^{[1],[11],[31]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt (Revolver) Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32],[34]}

10.59%

Spread Above Index

^{[2],[16],[32],[34]}

6.50%

Initial Acquisition Date

^{[2],[16],[34]}

Feb. 25, 2022

Principal Amount

^{[2],[16],[34]}

$ 226

Amortized Cost

^{[2],[16],[34]}

222

Fair Value

^{[2],[4],[16],[34]}

$ 226

Maturity

^{[2],[16],[34]}

Feb. 25, 2027

Percent of Net Assets

^{[2],[16],[34]}

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.42% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[11],[30]}

10.42%

Spread Above Index

^{[1],[9],[11],[30]}

6.50%

Initial Acquisition Date

^[1],[9],[11]

Feb. 25, 2022

Principal Amount

^[1],[9],[11]

$ 8,946

Amortized Cost

^[1],[9],[11]

8,919

Fair Value

^{[1],[3],[9],[11]}

$ 8,946

Maturity

^[1],[9],[11]

Feb. 25, 2027

Percent of Net Assets

^[1],[9],[11]

8.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 10.59% Spread Above Index SOFR+ 6.50% Initial Acquisition Date 2/25/2022 Maturity 2/25/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[16],[32]}

10.59%

Spread Above Index

^{[2],[15],[16],[32]}

6.50%

Initial Acquisition Date

^{[2],[15],[16]}

Feb. 25, 2022

Principal Amount

^{[2],[15],[16]}

$ 9,018

Amortized Cost

^{[2],[15],[16]}

8,983

Fair Value

^{[2],[4],[15],[16]}

$ 9,017

Maturity

^{[2],[15],[16]}

Feb. 25, 2027

Percent of Net Assets

^{[2],[15],[16]}

7.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^[1],[11]

Mar. 03, 2023

Amortized Cost

^[1],[11]

$ 345

Fair Value

^[1],[3],[11]

$ 362

Percent of Net Assets

^[1],[11]

0.30%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Boca Home Care Holdings, Inc. Preferred Equity (3,446 Class A Units), 12% cash / 2.0% PIK Industry Services for the Elderly and Persons with Disabilities Spread Above Index 0.00% Initial Acquisition Date 3/3/2023

Schedule of Investments [Line Items]

Initial Acquisition Date

^[2],[16]

Mar. 03, 2023

Amortized Cost

^[2],[16]

$ 345

Fair Value

^[2],[4],[16]

$ 363

Percent of Net Assets

^[2],[16]

0.30%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[34]}

10.57%

Spread Above Index

^{[2],[32],[34]}

6.75%

Initial Acquisition Date

^[2],[34]

Nov. 03, 2023

Principal Amount

^[2],[34]

$ 112

Amortized Cost

^[2],[34]

107

Fair Value

^[2],[4],[34]

$ 96

Maturity

^[2],[34]

Dec. 30, 2027

Percent of Net Assets

^[2],[34]

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Clevertech Bidco, LLC First Lien Debt Industry Commodity Contracts Dealing Interest Rate 10.57% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 11/3/2023 Maturity 12/30/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

10.57%

Spread Above Index

^{[2],[15],[32]}

6.75%

Initial Acquisition Date

^[2],[15]

Nov. 03, 2023

Principal Amount

^[2],[15]

$ 3,133

Amortized Cost

^[2],[15]

3,086

Fair Value

^[2],[4],[15]

$ 2,971

Maturity

^[2],[15]

Dec. 30, 2027

Percent of Net Assets

^[2],[15]

2.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

10.60%

Spread Above Index

^[1],[9],[30]

6.75%

Initial Acquisition Date

^[1],[9]

Nov. 03, 2023

Principal Amount

^[1],[9]

$ 3,125

Amortized Cost

^[1],[9]

3,084

Fair Value

^[1],[3],[9]

$ 2,966

Maturity

^[1],[9]

Dec. 30, 2027

Percent of Net Assets

^[1],[9]

2.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[30],[31]}

10.60%

Spread Above Index

^{[1],[30],[31]}

6.75%

Initial Acquisition Date

^[1],[31]

Nov. 03, 2023

Principal Amount

^[1],[31]

$ 112

Amortized Cost

^[1],[31]

108

Fair Value

^[1],[3],[31]

$ 97

Maturity

^[1],[31]

Dec. 30, 2027

Percent of Net Assets

^[1],[31]

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

Mar. 27, 2020

^[1],[22]

Mar. 27, 2020

^[2],[24]

Amortized Cost

$ 703

^[1],[22]

$ 703

^[2],[24]

Fair Value

$ 37

^[1],[3],[22]

$ 33

^[2],[4],[24]

Percent of Net Assets

0.00%

^[1],[22]

0.00%

^[2],[24]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Equity Participation Rights Industry Electrical Contractors and Other Wiring Installation Contractors Initial Acquisition Date 12/31/2021

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[12],[24],[39]}

Dec. 31, 2021

Amortized Cost

^{[2],[12],[24],[39]}

$ 4,722

Fair Value

^{[2],[4],[12],[24],[39]}

$ 0

Percent of Net Assets

^{[2],[12],[24],[39]}

0.00%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[12],[34]}

Nov. 29, 2021

Principal Amount

^{[2],[12],[34]}

$ 0

Amortized Cost

^{[2],[12],[34]}

Fair Value

^{[2],[4],[12],[34]}

$ 0

Maturity

^{[2],[12],[34]}

Dec. 31, 2027

Percent of Net Assets

^{[2],[12],[34]}

0.00%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) First Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 7.50% Initial Acquisition Date 6/30/2017 Maturity 12/31/2027

Schedule of Investments [Line Items]

Interest Rate

^{[2],[12],[32]}

7.50%

Initial Acquisition Date

^[2],[12]

Jun. 30, 2017

Principal Amount

^[2],[12]

$ 6,167

Amortized Cost

^[2],[12]

6,167

Fair Value

^[2],[4],[12]

$ 6,167

Maturity

^[2],[12]

Dec. 31, 2027

Percent of Net Assets

^[2],[12]

5.00%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Second Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 10.00% PIK Initial Acquisition Date 6/30/2017 Maturity 12/31/2028

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[2],[12],[24],[32],[38]}

10.00%

Initial Acquisition Date

^{[2],[12],[24],[38]}

Jun. 30, 2017

Principal Amount

^{[2],[12],[24],[38]}

$ 9,590

Amortized Cost

^{[2],[12],[24],[38]}

6,584

Fair Value

^{[2],[4],[12],[24],[38]}

$ 2,382

Maturity

^{[2],[12],[24],[38]}

Dec. 31, 2028

Percent of Net Assets

^{[2],[12],[24],[38]}

1.90%

Schedule of Investments [Line Items]

Interest Rate, PIK

18.00%

^{[1],[10],[30]}

18.00%

^{[2],[32],[38]}

Initial Acquisition Date

Oct. 25, 2018

^[1],[10]

Oct. 25, 2018

^[2],[38]

Principal Amount

$ 7,439

^[1],[10]

$ 7,119

^[2],[38]

Amortized Cost

6,765

^[1],[10]

6,765

^[2],[38]

Fair Value

$ 1,793

^[1],[3],[10]

$ 4,079

^[2],[4],[38]

Maturity

Oct. 01, 2026

^[1],[10]

Oct. 01, 2026

^[2],[38]

Percent of Net Assets

1.60%

^[1],[10]

3.30%

^[2],[38]

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[13],[30]}

8.57%

Spread Above Index

^{[1],[9],[13],[30]}

4.75%

Initial Acquisition Date

^[1],[9],[13]

Mar. 26, 2021

Principal Amount

^[1],[9],[13]

$ 924

Amortized Cost

^[1],[9],[13]

924

Fair Value

^{[1],[3],[9],[13]}

$ 762

Maturity

^[1],[9],[13]

Apr. 28, 2028

Percent of Net Assets

^[1],[9],[13]

0.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[13],[30]}

8.57%

Spread Above Index

^{[1],[9],[13],[30]}

4.75%

Initial Acquisition Date

^[1],[9],[13]

Mar. 26, 2021

Principal Amount

^[1],[9],[13]

$ 1,276

Amortized Cost

^[1],[9],[13]

1,276

Fair Value

^{[1],[3],[9],[13]}

$ 390

Maturity

^[1],[9],[13]

Apr. 28, 2028

Percent of Net Assets

^[1],[9],[13]

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

8.79%

Spread Above Index

^{[2],[14],[15],[32]}

4.75%

Initial Acquisition Date

^{[2],[14],[15]}

Mar. 26, 2021

Principal Amount

^{[2],[14],[15]}

$ 926

Amortized Cost

^{[2],[14],[15]}

926

Fair Value

^{[2],[4],[14],[15]}

$ 826

Maturity

^{[2],[14],[15]}

Apr. 28, 2028

Percent of Net Assets

^{[2],[14],[15]}

0.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments GoTo Group (F/K/A LogMeIn, Inc.) First Lien Debt Industry Data Processing, Hosting, and Related Services Interest Rate 8.79% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 3/26/2021 Maturity 4/28/2028 One

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

8.79%

Spread Above Index

^{[2],[14],[15],[32]}

4.75%

Initial Acquisition Date

^{[2],[14],[15]}

Mar. 26, 2021

Principal Amount

^{[2],[14],[15]}

$ 1,280

Amortized Cost

^{[2],[14],[15]}

1,279

Fair Value

^{[2],[4],[14],[15]}

$ 503

Maturity

^{[2],[14],[15]}

Apr. 28, 2028

Percent of Net Assets

^{[2],[14],[15]}

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

10.52%

Spread Above Index

^{[2],[14],[15],[32]}

6.75%

Initial Acquisition Date

^{[2],[14],[15]}

Jul. 20, 2022

Principal Amount

^{[2],[14],[15]}

$ 8,908

Amortized Cost

^{[2],[14],[15]}

8,763

Fair Value

^{[2],[4],[14],[15]}

$ 6,976

Maturity

^{[2],[14],[15]}

Aug. 01, 2029

Percent of Net Assets

^{[2],[14],[15]}

5.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Heritage Grocers Group, LLC. (F/K/A Tony's Fresh Market / Cardenas Markets) First Lien Debt Industry Supermarkets and Other Grocery (except Convenience) Stores Interest Rate 10.55% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 7/20/2022 Maturity 8/1/2029

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[13],[30]}

10.55%

Spread Above Index

^{[1],[9],[13],[30]}

6.75%

Initial Acquisition Date

^[1],[9],[13]

Jul. 20, 2022

Principal Amount

^[1],[9],[13]

$ 8,885

Amortized Cost

^[1],[9],[13]

8,751

Fair Value

^{[1],[3],[9],[13]}

$ 6,879

Maturity

^[1],[9],[13]

Aug. 01, 2029

Percent of Net Assets

^[1],[9],[13]

6.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

^{[15],[32],[34]}

5.75%

Initial Acquisition Date

^[15],[34]

Oct. 15, 2024

Principal Amount

^[15],[34]

$ 0

Amortized Cost

^[15],[34]

(10)

Fair Value

^{[4],[15],[34]}

$ (10)

Maturity

^[15],[34]

Oct. 15, 2026

Percent of Net Assets

^[15],[34]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

^{[1],[9],[30],[31]}

5.75%

Initial Acquisition Date

^[1],[9],[31]

Oct. 15, 2024

Principal Amount

^[1],[9],[31]

$ 0

Amortized Cost

^[1],[9],[31]

(7)

Fair Value

^{[1],[3],[9],[31]}

$ (7)

Maturity

^[1],[9],[31]

Oct. 15, 2027

Percent of Net Assets

^[1],[9],[31]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

11.50%

^{[1],[30],[31]}

11.50%

^{[2],[32],[34]}

Spread Above Index

4.75%

^{[1],[30],[31]}

4.75%

^{[2],[32],[34]}

Initial Acquisition Date

Oct. 15, 2021

^[1],[31]

Oct. 15, 2021

^[2],[34]

Principal Amount

$ 15

^[1],[31]

$ 47

^[2],[34]

Amortized Cost

^[1],[31]

^[2],[34]

Fair Value

$ 15

^[1],[3],[31]

$ 47

^[2],[4],[34]

Maturity

Oct. 15, 2027

^[1],[31]

Oct. 15, 2027

^[2],[34]

Percent of Net Assets

0.00%

^[1],[31]

0.00%

^[2],[34]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:PrimeRateMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

9.57%

Spread Above Index

^{[2],[15],[32]}

5.75%

Initial Acquisition Date

^[2],[15]

Oct. 15, 2021

Principal Amount

^[2],[15]

$ 3,132

Amortized Cost

^[2],[15]

3,114

Fair Value

^[2],[4],[15]

$ 3,132

Maturity

^[2],[15]

Oct. 15, 2027

Percent of Net Assets

^[2],[15]

2.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

9.57%

Spread Above Index

^{[2],[15],[32]}

5.75%

Initial Acquisition Date

^[2],[15]

Oct. 15, 2021

Principal Amount

^[2],[15]

$ 1,981

Amortized Cost

^[2],[15]

1,959

Fair Value

^[2],[4],[15]

$ 1,981

Maturity

^[2],[15]

Oct. 15, 2027

Percent of Net Assets

^[2],[15]

1.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

9.57%

Spread Above Index

^{[2],[15],[32]}

5.75%

Initial Acquisition Date

^[2],[15]

Mar. 31, 2023

Principal Amount

^[2],[15]

$ 2,204

Amortized Cost

^[2],[15]

2,182

Fair Value

^[2],[4],[15]

$ 2,204

Maturity

^[2],[15]

Oct. 15, 2027

Percent of Net Assets

^[2],[15]

1.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.60%

Spread Above Index

^[1],[9],[30]

5.75%

Initial Acquisition Date

^[1],[9]

Oct. 15, 2021

Principal Amount

^[1],[9]

$ 989

Amortized Cost

^[1],[9]

984

Fair Value

^[1],[3],[9]

$ 989

Maturity

^[1],[9]

Oct. 15, 2027

Percent of Net Assets

^[1],[9]

0.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 10/15/2021 Maturity 10/15/2027 One

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.60%

Spread Above Index

^[1],[9],[30]

5.75%

Initial Acquisition Date

^[1],[9]

Oct. 15, 2021

Principal Amount

^[1],[9]

$ 626

Amortized Cost

^[1],[9]

611

Fair Value

^[1],[3],[9]

$ 626

Maturity

^[1],[9]

Oct. 15, 2027

Percent of Net Assets

^[1],[9]

0.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Honor HN Buyer Inc. First Lien Debt Industry Services for the Elderly and Persons with Disabilities Interest Rate 9.60% Spread Above Index SOFR+ 5.75% Initial Acquisition Date 3/31/2023 Maturity 10/15/2027

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.60%

Spread Above Index

^[1],[9],[30]

5.75%

Initial Acquisition Date

^[1],[9]

Mar. 31, 2023

Principal Amount

^[1],[9]

$ 696

Amortized Cost

^[1],[9]

677

Fair Value

^[1],[3],[9]

$ 696

Maturity

^[1],[9]

Oct. 15, 2027

Percent of Net Assets

^[1],[9]

0.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

^{[1],[30],[31]}

6.00%

Initial Acquisition Date

^[1],[31]

Mar. 24, 2026

Principal Amount

^[1],[31]

$ 0

Amortized Cost

^[1],[31]

(1)

Fair Value

^[1],[3],[31]

$ (1)

Maturity

^[1],[31]

Mar. 24, 2031

Percent of Net Assets

^[1],[31]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[30],[31]}

11.75%

Spread Above Index

^{[1],[30],[31]}

5.00%

Initial Acquisition Date

^[1],[31]

Mar. 24, 2026

Principal Amount

^[1],[31]

$ 4

Amortized Cost

^[1],[31]

Fair Value

^[1],[3],[31]

$ 4

Maturity

^[1],[31]

Mar. 24, 2031

Percent of Net Assets

^[1],[31]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:PrimeRateMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[30]

9.81%

Spread Above Index

^[1],[30]

6.00%

Initial Acquisition Date

^[1]

Mar. 24, 2026

Principal Amount

^[1]

$ 310

Amortized Cost

^[1]

303

Fair Value

^[1],[3]

$ 303

Maturity

^[1]

Mar. 24, 2031

Percent of Net Assets

^[1]

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[30]

10.56%

Spread Above Index

^[1],[30]

6.75%

Initial Acquisition Date

^[1]

Jan. 27, 2022

Principal Amount

^[1]

$ 2,683

Amortized Cost

^[1]

2,683

Fair Value

^[1],[3]

$ 2,031

Maturity

^[1]

Mar. 02, 2029

Percent of Net Assets

^[1]

1.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Idera Inc. Second Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 10.75% Spread Above Index SOFR+ 6.75% Initial Acquisition Date 1/27/2022 Maturity 3/2/2029

Schedule of Investments [Line Items]

Interest Rate

^[2],[32]

10.75%

Spread Above Index

^[2],[32]

6.75%

Initial Acquisition Date

^[2]

Jan. 27, 2022

Principal Amount

^[2]

$ 2,683

Amortized Cost

^[2]

2,683

Fair Value

^[2],[4]

$ 2,500

Maturity

^[2]

Mar. 02, 2029

Percent of Net Assets

^[2]

2.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32]}

10.82%

Spread Above Index

^{[2],[16],[32]}

7.00%

Initial Acquisition Date

^[2],[16]

Oct. 01, 2018

Principal Amount

^[2],[16]

$ 2,344

Amortized Cost

^[2],[16]

2,344

Fair Value

^[2],[4],[16]

$ 2,344

Maturity

^[2],[16]

Oct. 01, 2026

Percent of Net Assets

^[2],[16]

1.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt (Revolver) Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[11],[17],[30],[37]}

10.85%

Interest Rate, PIK

^{[1],[11],[17],[30],[37]}

2.00%

Spread Above Index

^{[1],[11],[17],[30],[37]}

7.00%

Initial Acquisition Date

^{[1],[11],[17],[37]}

Oct. 01, 2018

Principal Amount

^{[1],[11],[17],[37]}

$ 2,813

Amortized Cost

^{[1],[11],[17],[37]}

2,813

Fair Value

^{[1],[3],[11],[17],[37]}

$ 2,813

Maturity

^{[1],[11],[17],[37]}

Oct. 01, 2026

Percent of Net Assets

^{[1],[11],[17],[37]}

2.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.82% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2018 Maturity 10/1/2026

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32]}

10.82%

Spread Above Index

^{[2],[16],[32]}

7.00%

Initial Acquisition Date

^[2],[16]

Oct. 01, 2018

Principal Amount

^[2],[16]

$ 14,616

Amortized Cost

^[2],[16]

14,562

Fair Value

^[2],[4],[16]

$ 14,616

Maturity

^[2],[16]

Oct. 01, 2026

Percent of Net Assets

^[2],[16]

12.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[11],[17],[30],[37]}

10.85%

Interest Rate, PIK

^{[1],[11],[17],[30],[37]}

2.00%

Spread Above Index

^{[1],[11],[17],[30],[37]}

7.00%

Initial Acquisition Date

^{[1],[11],[17],[37]}

Oct. 01, 2018

Principal Amount

^{[1],[11],[17],[37]}

$ 14,574

Amortized Cost

^{[1],[11],[17],[37]}

14,538

Fair Value

^{[1],[3],[11],[17],[37]}

$ 14,574

Maturity

^{[1],[11],[17],[37]}

Oct. 01, 2026

Percent of Net Assets

^{[1],[11],[17],[37]}

13.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

5.50%

^{[1],[30],[31]}

5.50%

^{[2],[32],[34]}

Initial Acquisition Date

Dec. 18, 2025

^[1],[31]

Dec. 18, 2025

^[2],[34]

Principal Amount

$ 0

^[1],[31]

$ 0

^[2],[34]

Amortized Cost

(2)

^[1],[31]

(5)

^[2],[34]

Fair Value

$ (5)

^[1],[3],[31]

$ (5)

^[2],[4],[34]

Maturity

Dec. 19, 2030

^[1],[31]

Dec. 19, 2030

^[2],[34]

Percent of Net Assets

0.00%

^[1],[31]

0.00%

^[2],[34]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt (Revolver) Industry Computer Systems Design Services Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Schedule of Investments [Line Items]

Spread Above Index

5.50%

^{[1],[30],[31]}

5.50%

^{[2],[32],[34]}

Initial Acquisition Date

Dec. 18, 2025

^[1],[31]

Dec. 18, 2025

^[2],[34]

Principal Amount

$ 0

^[1],[31]

$ 0

^[2],[34]

Amortized Cost

(2)

^[1],[31]

(3)

^[2],[34]

Fair Value

$ (3)

^[1],[3],[31]

$ (3)

^[2],[4],[34]

Maturity

Dec. 19, 2030

^[1],[31]

Dec. 19, 2030

^[2],[34]

Percent of Net Assets

0.00%

^[1],[31]

0.00%

^[2],[34]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Integrated Energy Services, LLC First Lien Debt Industry Computer Systems Design Services Interest Rate 9.20% Spread Above Index SOFR+ 5.50% Initial Acquisition Date 12/18/2025 Maturity 12/19/2030

Schedule of Investments [Line Items]

Interest Rate

9.20%

^[1],[9],[30]

9.20%

^{[2],[15],[32]}

Spread Above Index

5.50%

^[1],[9],[30]

5.50%

^{[2],[15],[32]}

Initial Acquisition Date

Dec. 18, 2025

^[1],[9]

Dec. 18, 2025

^[2],[15]

Principal Amount

$ 524

^[1],[9]

$ 525

^[2],[15]

Amortized Cost

515

^[1],[9]

516

^[2],[15]

Fair Value

$ 515

^[1],[3],[9]

$ 516

^[2],[4],[15]

Maturity

Dec. 19, 2030

^[1],[9]

Dec. 19, 2030

^[2],[15]

Percent of Net Assets

0.50%

^[1],[9]

0.40%

^[2],[15]

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

Sep. 30, 2025

^[1],[9],[22]

Sep. 30, 2025

^{[2],[15],[24]}

Amortized Cost

$ 2,992

^[1],[9],[22]

$ 2,992

^{[2],[15],[24]}

Fair Value

$ 0

^{[1],[3],[9],[22]}

$ 0

^{[2],[4],[15],[24]}

Percent of Net Assets

0.00%

^[1],[9],[22]

0.00%

^{[2],[15],[24]}

Schedule of Investments [Line Items]

Interest Rate

^[2],[32]

10.67%

Spread Above Index

^[2],[32]

7.00%

Initial Acquisition Date

^[2]

Oct. 02, 2025

Principal Amount

^[2]

$ 335

Amortized Cost

^[2]

335

Fair Value

^[2],[4]

$ 335

Maturity

^[2]

Sep. 30, 2030

Percent of Net Assets

^[2]

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 10.70% Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/2/2021 Maturity 9/30/2030

Schedule of Investments [Line Items]

Interest Rate

^[1],[30]

10.70%

Spread Above Index

^[1],[30]

7.00%

Initial Acquisition Date

^[1]

Oct. 02, 2025

Principal Amount

^[1]

$ 334

Amortized Cost

^[1]

334

Fair Value

^[1],[3]

$ 334

Maturity

^[1]

Sep. 30, 2030

Percent of Net Assets

^[1]

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.17% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[32],[36]}

5.17%

Interest Rate, PIK

^{[2],[32],[36]}

4.00%

Spread Above Index

^{[2],[32],[36]}

5.50%

Initial Acquisition Date

^[2],[36]

Jan. 14, 2021

Principal Amount

^[2],[36]

$ 1,499

Amortized Cost

^[2],[36]

1,499

Fair Value

^[2],[4],[36]

$ 1,474

Maturity

^[2],[36]

Mar. 31, 2031

Percent of Net Assets

^[2],[36]

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.20% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[10],[30],[37]}

5.20%

Interest Rate, PIK

^{[1],[9],[10],[30],[37]}

4.00%

Spread Above Index

^{[1],[9],[10],[30],[37]}

5.50%

Initial Acquisition Date

^{[1],[9],[10],[37]}

Jan. 14, 2021

Principal Amount

^{[1],[9],[10],[37]}

$ 1,499

Amortized Cost

^{[1],[9],[10],[37]}

1,499

Fair Value

^{[1],[3],[9],[10],[37]}

$ 982

Maturity

^{[1],[9],[10],[37]}

Mar. 31, 2031

Percent of Net Assets

^{[1],[9],[10],[37]}

0.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[29],[32],[34]}

10.09%

Spread Above Index

^{[2],[29],[32],[34]}

6.25%

Initial Acquisition Date

^{[2],[29],[34]}

Dec. 20, 2021

Principal Amount

^{[2],[29],[34]}

$ 1,337

Amortized Cost

^{[2],[29],[34]}

1,335

Fair Value

^{[2],[4],[29],[34]}

$ 1,300

Maturity

^{[2],[29],[34]}

Dec. 20, 2026

Percent of Net Assets

^{[2],[29],[34]}

1.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt (Revolver) Industry Other Ambulatory Health Care Services Interest Rate 10.10% Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Interest Rate

^{[1],[17],[30]}

10.10%

Spread Above Index

^{[1],[17],[30]}

6.25%

Initial Acquisition Date

^[1],[17]

Dec. 20, 2021

Principal Amount

^[1],[17]

$ 1,337

Amortized Cost

^[1],[17]

1,336

Fair Value

^[1],[3],[17]

$ 1,306

Maturity

^[1],[17]

Dec. 20, 2026

Percent of Net Assets

^[1],[17]

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[9],[17],[30],[37]}

10.10%

Interest Rate, PIK

^{[1],[9],[17],[30],[37]}

0.50%

Spread Above Index

^{[1],[9],[17],[30],[37]}

6.25%

Initial Acquisition Date

^{[1],[9],[17],[37]}

Dec. 20, 2021

Principal Amount

^{[1],[9],[17],[37]}

$ 17,071

Amortized Cost

^{[1],[9],[17],[37]}

17,054

Fair Value

^{[1],[3],[9],[17],[37]}

$ 16,678

Maturity

^{[1],[9],[17],[37]}

Dec. 20, 2026

Percent of Net Assets

^{[1],[9],[17],[37]}

15.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt Industry Other Ambulatory Health Care Services Interest Rate 10.07% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[29],[32],[36]}

10.07%

Interest Rate, PIK

^{[2],[15],[29],[32],[36]}

0.50%

Spread Above Index

^{[2],[15],[29],[32],[36]}

6.25%

Initial Acquisition Date

^{[2],[15],[29],[36]}

Dec. 20, 2021

Principal Amount

^{[2],[15],[29],[36]}

$ 17,256

Amortized Cost

^{[2],[15],[29],[36]}

17,233

Fair Value

^{[2],[4],[15],[29],[36]}

$ 16,773

Maturity

^{[2],[15],[29],[36]}

Dec. 20, 2026

Percent of Net Assets

^{[2],[15],[29],[36]}

13.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[30]

8.42%

Spread Above Index

^[1],[30]

4.75%

Initial Acquisition Date

^[1]

Oct. 28, 2025

Principal Amount

^[1]

$ 460

Amortized Cost

^[1]

455

Fair Value

^[1],[3]

$ 450

Maturity

^[1]

Aug. 25, 2031

Percent of Net Assets

^[1]

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments M2S Group Intermediate Holdings Inc. First Lien Debt Industry Plastics Packaging Film and Sheet (including Laminated) Manufacturing Interest Rate 8.59% Spread Above Index SOFR+ 4.75% Initial Acquisition Date 10/28/2025 Maturity 8/25/2031

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

8.59%

Spread Above Index

^{[2],[14],[15],[32]}

4.75%

Initial Acquisition Date

^{[2],[14],[15]}

Oct. 28, 2025

Principal Amount

^{[2],[14],[15]}

$ 1,500

Amortized Cost

^{[2],[14],[15]}

1,483

Fair Value

^{[2],[4],[14],[15]}

$ 1,493

Maturity

^{[2],[14],[15]}

Aug. 25, 2031

Percent of Net Assets

^{[2],[14],[15]}

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Spread Above Index

^{[2],[32],[34]}

6.00%

Initial Acquisition Date

^[2],[34]

Oct. 20, 2023

Principal Amount

^[2],[34]

$ 0

Amortized Cost

^[2],[34]

(5)

Fair Value

^[2],[4],[34]

$ 0

Maturity

^[2],[34]

Oct. 20, 2029

Percent of Net Assets

^[2],[34]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt (Revolver) Industry All Other Outpatient Care Centers Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Spread Above Index

^{[1],[30],[31]}

6.00%

Initial Acquisition Date

^[1],[31]

Oct. 20, 2023

Principal Amount

^[1],[31]

$ 0

Amortized Cost

^[1],[31]

(5)

Fair Value

^[1],[3],[31]

$ 0

Maturity

^[1],[31]

Oct. 20, 2029

Percent of Net Assets

^[1],[31]

0.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

10.22%

Spread Above Index

^{[2],[15],[32]}

6.00%

Initial Acquisition Date

^[2],[15]

Oct. 20, 2023

Principal Amount

^[2],[15]

$ 367

Amortized Cost

^[2],[15]

364

Fair Value

^[2],[4],[15]

$ 367

Maturity

^[2],[15]

Oct. 20, 2029

Percent of Net Assets

^[2],[15]

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.63% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029 One

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.63%

Spread Above Index

^[1],[9],[30]

6.00%

Initial Acquisition Date

^[1],[9]

Oct. 20, 2023

Principal Amount

^[1],[9]

$ 367

Amortized Cost

^[1],[9]

363

Fair Value

^[1],[3],[9]

$ 367

Maturity

^[1],[9]

Oct. 20, 2029

Percent of Net Assets

^[1],[9]

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+ 6.00% Initial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

9.69%

Spread Above Index

^{[2],[15],[32]}

6.00%

Initial Acquisition Date

^[2],[15]

Oct. 20, 2023

Principal Amount

^[2],[15]

$ 2,190

Amortized Cost

^[2],[15]

2,155

Fair Value

^[2],[4],[15]

$ 2,190

Maturity

^[2],[15]

Oct. 20, 2029

Percent of Net Assets

^[2],[15]

1.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Medrina LLC First Lien Debt Industry All Other Outpatient Care Centers Interest Rate 9.69% Spread Above Index SOFR+6.00% Intitial Acquisition Date 10/20/2023 Maturity 10/20/2029

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.69%

Spread Above Index

^[1],[9],[30]

6.00%

Initial Acquisition Date

^[1],[9]

Oct. 20, 2023

Principal Amount

^[1],[9]

$ 2,184

Amortized Cost

^[1],[9]

2,151

Fair Value

^[1],[3],[9]

$ 2,184

Maturity

^[1],[9]

Oct. 20, 2029

Percent of Net Assets

^[1],[9]

2.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[32]}

10.18%

Interest Rate, PIK

^{[2],[15],[32]}

0.50%

Spread Above Index

^{[2],[15],[32]}

6.25%

Initial Acquisition Date

^[2],[15]

May 17, 2022

Principal Amount

^[2],[15]

$ 2,727

Amortized Cost

^[2],[15]

2,708

Fair Value

^[2],[4],[15]

$ 2,645

Maturity

^[2],[15]

May 17, 2027

Percent of Net Assets

^[2],[15]

2.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Metasource, LLC First Lien Debt Industry All Other Business Support Services Interest Rate 10.21% cash / 0.50% PIK Spread Above Index SOFR+6.25% Intitial Acquisition Date 5/17/2022 Maturity 5/17/2027

Schedule of Investments [Line Items]

Interest rate, cash

^[1],[9],[30]

10.21%

Interest Rate, PIK

^[1],[9],[30]

0.50%

Spread Above Index

^[1],[9],[30]

6.25%

Initial Acquisition Date

^[1],[9]

May 17, 2022

Principal Amount

^[1],[9]

$ 2,723

Amortized Cost

^[1],[9]

2,704

Fair Value

^[1],[3]

$ 2,636

Maturity

^[1],[9]

May 17, 2027

Percent of Net Assets

^[1]

2.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[30],[31]}

10.52%

Spread Above Index

^{[1],[30],[31]}

6.75%

Initial Acquisition Date

^[1],[31]

Dec. 13, 2021

Principal Amount

^[1],[31]

$ 1,444

Amortized Cost

^[1],[31]

1,444

Fair Value

^[1],[3],[31]

$ 1,258

Maturity

^[1],[31]

Dec. 22, 2025

Percent of Net Assets

^[1],[31]

1.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt (Revolver) Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Interest Rate

^[2],[32]

10.57%

Spread Above Index

^[2],[32]

6.75%

Initial Acquisition Date

^[2]

Dec. 13, 2021

Principal Amount

^[2]

$ 1,444

Amortized Cost

^[2]

1,444

Fair Value

^[2],[4]

$ 1,313

Maturity

^[2],[40]

Dec. 22, 2025

Percent of Net Assets

^[2]

1.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

10.52%

Spread Above Index

^[1],[9],[30]

6.75%

Initial Acquisition Date

^[1],[9]

Dec. 13, 2021

Principal Amount

^[1],[9]

$ 7,261

Amortized Cost

^[1],[9]

7,261

Fair Value

^[1],[3],[9]

$ 6,324

Maturity

^[1],[9]

Dec. 22, 2025

Percent of Net Assets

^[1],[9]

5.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

10.52%

Spread Above Index

^[1],[9],[30]

6.75%

Initial Acquisition Date

^[1],[9]

Dec. 13, 2021

Principal Amount

^[1],[9]

$ 3,827

Amortized Cost

^[1],[9]

3,827

Fair Value

^[1],[3],[9]

$ 3,334

Maturity

^[1],[9]

Dec. 22, 2025

Percent of Net Assets

^[1],[9]

3.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

10.57%

Spread Above Index

^{[2],[15],[32]}

6.75%

Initial Acquisition Date

^[2],[15]

Dec. 13, 2021

Principal Amount

^[2],[15]

$ 7,280

Amortized Cost

^[2],[15]

7,280

Fair Value

^[2],[4],[15]

$ 6,618

Maturity

^{[2],[15],[40]}

Dec. 22, 2025

Percent of Net Assets

^[2],[15]

5.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments One GI LLC First Lien Debt Industry Offices of Other Holding Companies Interest Rate 10.57% Spread Above Index SOFR+6.75% Initial Acquisition Date 12/13/2021 Maturity 12/22/2025 One

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

10.57%

Spread Above Index

^{[2],[15],[32]}

6.75%

Initial Acquisition Date

^[2],[15]

Dec. 13, 2021

Principal Amount

^[2],[15]

$ 3,837

Amortized Cost

^[2],[15]

3,837

Fair Value

^[2],[4],[15]

$ 3,488

Maturity

^{[2],[15],[40]}

Dec. 22, 2025

Percent of Net Assets

^[2],[15]

2.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^[2]

Sep. 30, 2017

Amortized Cost

^[2]

$ 231

Fair Value

^[2],[4]

$ 1,181

Percent of Net Assets

^[2]

1.00%

Schedule of Investments [Line Items]

Initial Acquisition Date

^[1]

Sep. 30, 2017

Amortized Cost

^[1]

$ 231

Fair Value

^[1],[3]

$ 1,198

Percent of Net Assets

^[1]

1.10%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[11],[30],[31]}

10.42%

Spread Above Index

^{[1],[11],[30],[31]}

6.75%

Initial Acquisition Date

^{[1],[11],[31]}

Apr. 17, 2025

Principal Amount

^{[1],[11],[31]}

$ 406

Amortized Cost

^{[1],[11],[31]}

402

Fair Value

^{[1],[3],[11],[31]}

$ 406

Maturity

^{[1],[11],[31]}

Apr. 17, 2030

Percent of Net Assets

^{[1],[11],[31]}

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt (Revolver) Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32],[34]}

10.47%

Spread Above Index

^{[2],[16],[32],[34]}

6.75%

Initial Acquisition Date

^{[2],[16],[34]}

Apr. 17, 2025

Principal Amount

^{[2],[16],[34]}

$ 406

Amortized Cost

^{[2],[16],[34]}

401

Fair Value

^{[2],[4],[16],[34]}

$ 405

Maturity

^{[2],[16],[34]}

Apr. 17, 2030

Percent of Net Assets

^{[2],[16],[34]}

0.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[9],[11],[30]}

10.42%

Spread Above Index

^{[1],[9],[11],[30]}

6.75%

Initial Acquisition Date

^[1],[9],[11]

Apr. 17, 2025

Principal Amount

^[1],[9],[11]

$ 7,862

Amortized Cost

^[1],[9],[11]

7,830

Fair Value

^{[1],[3],[9],[11]}

$ 7,940

Maturity

^[1],[9],[11]

Apr. 17, 2030

Percent of Net Assets

^[1],[9],[11]

7.30%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments PSB Group, LLC First Lien Debt Industry Lessors of Nonfinancial Intangible Assets (except Copyrighted Works) Interest Rate 10.47% Spread Above Index SOFR+6.75% Initial Acquisition Date 4/17/2025 Maturity 4/17/2030

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[16],[32]}

10.47%

Spread Above Index

^{[2],[15],[16],[32]}

6.75%

Initial Acquisition Date

^{[2],[15],[16]}

Apr. 17, 2025

Principal Amount

^{[2],[15],[16]}

$ 7,882

Amortized Cost

^{[2],[15],[16]}

7,848

Fair Value

^{[2],[4],[15],[16]}

$ 7,879

Maturity

^{[2],[15],[16]}

Apr. 17, 2030

Percent of Net Assets

^{[2],[15],[16]}

6.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[38]}

6.50%

Initial Acquisition Date

^[2],[38]

Mar. 13, 2018

Principal Amount

^[2],[38]

$ 16,648

Amortized Cost

^[2],[38]

14,113

Fair Value

^[2],[4],[38]

$ 7,242

Maturity

^[2],[38]

Dec. 31, 2027

Percent of Net Assets

^[2],[38]

5.90%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Planet Bingo, LLC (F/K/A 3rd Rock Gaming Holdings, LLC) First Lien Debt Industry Software Publishers Interest Rate 6.50% Intitial Acquisition Date 3/13/2018 Maturity 12/31/2027

Schedule of Investments [Line Items]

Interest Rate

^{[1],[10],[30]}

6.50%

Initial Acquisition Date

^[1],[10]

Mar. 13, 2018

Principal Amount

^[1],[10]

$ 16,648

Amortized Cost

^[1],[10]

14,113

Fair Value

^[1],[3],[10]

$ 7,808

Maturity

^[1],[10]

Dec. 31, 2027

Percent of Net Assets

^[1],[10]

7.10%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[24],[28]}

Jan. 17, 2018

Amortized Cost

^{[2],[24],[28]}

$ 0

Fair Value

^{[2],[4],[24],[28]}

$ 1,462

Percent of Net Assets

^{[2],[24],[28]}

1.20%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[32]}

8.85%

Spread Above Index

^{[2],[15],[32]}

4.75%

Initial Acquisition Date

^[2],[15]

Apr. 16, 2021

Principal Amount

^[2],[15]

$ 1,715

Amortized Cost

^[2],[15]

1,711

Fair Value

^[2],[4],[15]

$ 1,289

Maturity

^[2],[15]

Apr. 27, 2028

Percent of Net Assets

^[2],[15]

1.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 8.92% Spread Above Index SOFR+5.25% Intitial Acquisition Date 4/16/2021 Maturity 12/31/2030

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

8.92%

Spread Above Index

^[1],[9],[30]

5.25%

Initial Acquisition Date

^[1],[9]

Apr. 16, 2021

Principal Amount

^[1],[9]

$ 223

Amortized Cost

^[1],[9]

220

Fair Value

^[1],[3],[9]

$ 219

Maturity

^[1],[9]

Dec. 31, 2030

Percent of Net Assets

^[1],[9]

0.20%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Redstone Holdco 2 LP (F/K/A RSA Security) First Lien Debt Industry Computer and Computer Peripheral Equipment and Software Merchant Wholesalers Interest Rate 9.17% Spread Above Index SOFR+5.50% Intitial Acquisition Date 1/30/2026 Maturity 12/31/2030

Schedule of Investments [Line Items]

Interest Rate

^[1],[9],[30]

9.17%

Spread Above Index

^[1],[9]

5.50%

Initial Acquisition Date

^[1],[9]

Jan. 30, 2026

Principal Amount

^[1],[9]

$ 857

Amortized Cost

^[1],[9]

846

Fair Value

^[1],[3],[9]

$ 807

Maturity

^[1],[9]

Dec. 31, 2030

Percent of Net Assets

^[1],[9]

0.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[18],[32],[36]}

12.10%

Interest Rate, PIK

^{[2],[15],[18],[32],[36]}

1.50%

Spread Above Index

^{[2],[15],[18],[32],[36]}

7.75%

Initial Acquisition Date

^{[2],[15],[18],[36]}

Aug. 31, 2021

Principal Amount

^{[2],[15],[18],[36]}

$ 2,384

Amortized Cost

^{[2],[15],[18],[36]}

2,362

Fair Value

^{[2],[4],[15],[18],[36]}

$ 2,299

Maturity

^{[2],[15],[18],[36]}

Sep. 30, 2027

Percent of Net Assets

^{[2],[15],[18],[36]}

1.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[18],[32],[36]}

12.10%

Interest Rate, PIK

^{[2],[15],[18],[32],[36]}

1.50%

Spread Above Index

^{[2],[15],[18],[32],[36]}

7.75%

Initial Acquisition Date

^{[2],[15],[18],[36]}

Aug. 31, 2021

Principal Amount

^{[2],[15],[18],[36]}

$ 720

Amortized Cost

^{[2],[15],[18],[36]}

714

Fair Value

^{[2],[4],[15],[18],[36]}

$ 694

Maturity

^{[2],[15],[18],[36]}

Sep. 30, 2027

Percent of Net Assets

^{[2],[15],[18],[36]}

0.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments RideNow Group, Inc. (F/K/A RumbleOn, Inc. Warrants (warrants to purchase up to in common stock Industry Other Industrial Machinery Manufacturing Initial Acquisition Date 8/31/2021 Maturity 8/10/2030

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[15],[18],[24]}

Aug. 31, 2021

Amortized Cost

^{[2],[15],[18],[24]}

$ 200

Fair Value

^{[2],[4],[15],[18],[24]}

$ 68

Maturity

^{[2],[15],[18],[24],[26]}

Aug. 10, 2030

Percent of Net Assets

^{[2],[15],[18],[24]}

0.10%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[16],[32],[34]}

9.42%

Spread Above Index

^{[2],[16],[32],[34]}

5.75%

Initial Acquisition Date

^{[2],[16],[34]}

Dec. 20, 2024

Principal Amount

^{[2],[16],[34]}

$ 500

Amortized Cost

^{[2],[16],[34]}

493

Fair Value

^{[2],[4],[16],[34]}

$ 500

Maturity

^{[2],[16],[34]}

Dec. 20, 2029

Percent of Net Assets

^{[2],[16],[34]}

0.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[15],[16],[32]}

9.42%

Spread Above Index

^{[2],[15],[16],[32]}

5.75%

Initial Acquisition Date

^{[2],[15],[16]}

Dec. 20, 2024

Principal Amount

^{[2],[15],[16]}

$ 16,795

Amortized Cost

^{[2],[15],[16]}

16,728

Fair Value

^{[2],[4],[15],[16]}

$ 16,828

Maturity

^{[2],[15],[16]}

Dec. 20, 2029

Percent of Net Assets

^{[2],[15],[16]}

13.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

7.44%

Spread Above Index

^{[2],[14],[15],[32]}

3.50%

Initial Acquisition Date

^{[2],[14],[15]}

Mar. 25, 2021

Principal Amount

^{[2],[14],[15]}

$ 1,518

Amortized Cost

^{[2],[14],[15]}

1,513

Fair Value

^{[2],[4],[14],[15]}

$ 1,096

Maturity

^{[2],[14],[15]}

Apr. 03, 2028

Percent of Net Assets

^{[2],[14],[15]}

0.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[14],[15],[32]}

9.60%

Spread Above Index

^{[2],[14],[15],[32]}

5.75%

Initial Acquisition Date

^{[2],[14],[15]}

May 23, 2024

Principal Amount

^{[2],[14],[15]}

$ 2,539

Amortized Cost

^{[2],[14],[15]}

2,468

Fair Value

^{[2],[4],[14],[15]}

$ 2,418

Maturity

^{[2],[14],[15]}

Sep. 04, 2029

Percent of Net Assets

^{[2],[14],[15]}

2.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[16],[24],[28]}

Oct. 11, 2019

Amortized Cost

^{[2],[16],[24],[28]}

$ 670

Fair Value

^{[2],[4],[16],[24],[28]}

$ 695

Percent of Net Assets

^{[2],[16],[24],[28]}

0.60%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[34]}

9.82%

Spread Above Index

^{[2],[32],[34]}

6.00%

Initial Acquisition Date

^[2],[34]

Oct. 14, 2021

Principal Amount

^[2],[34]

$ 566

Amortized Cost

^[2],[34]

563

Fair Value

^[2],[4],[34]

$ 145

Maturity

^[2],[34]

Oct. 14, 2027

Percent of Net Assets

^[2],[34]

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Tolemar Acquisition, Inc. First Lien Debt Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.82% cash / 1.25% PIK Spread Above Index SOFR+6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[32]}

9.82%

Interest Rate, PIK

^{[2],[15],[32]}

1.25%

Spread Above Index

^{[2],[15],[32]}

6.00%

Initial Acquisition Date

^[2],[15]

Oct. 14, 2021

Principal Amount

^[2],[15]

$ 14,443

Amortized Cost

^[2],[15]

14,383

Fair Value

^[2],[4],[15]

$ 10,500

Maturity

^[2],[15]

Oct. 14, 2027

Percent of Net Assets

^[2],[15]

8.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[24],[28]}

Apr. 16, 2013

Amortized Cost

^{[2],[24],[28]}

$ 9

Fair Value

^{[2],[4],[24],[28]}

$ 0

Percent of Net Assets

^{[2],[24],[28]}

0.00%

Schedule of Investments [Line Items]

Interest rate, cash

^{[2],[15],[32],[36]}

8.33%

Interest Rate, PIK

^{[2],[15],[32],[36]}

1.75%

Spread Above Index

^{[2],[15],[32],[36]}

6.25%

Initial Acquisition Date

^{[2],[15],[36]}

Apr. 16, 2021

Principal Amount

^{[2],[15],[36]}

$ 4,361

Amortized Cost

^{[2],[15],[36]}

4,361

Fair Value

^{[2],[4],[15],[36]}

$ 3,738

Maturity

^{[2],[15],[36]}

Oct. 19, 2030

Percent of Net Assets

^{[2],[15],[36]}

3.00%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments RPLF Holdings, LLC Common Equity Industry Software Publishers Initial Acquisition Date 1/17/2018

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[22],[27]}

Jan. 17, 2018

Amortized Cost

^{[1],[22],[27]}

$ 0

Fair Value

^{[1],[22],[27]}

$ 1,630

Percent of Net Assets

^{[1],[22],[27]}

1.50%

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[3],[7],[9],[30],[37]}

9.68%

Interest Rate, PIK

^{[1],[3],[7],[9],[30],[37]}

1.00%

Spread Above Index

^{[1],[3],[7],[9],[30],[37]}

6.75%

Initial Acquisition Date

^{[1],[7],[9],[37]}

Aug. 31, 2021

Principal Amount

^{[1],[7],[9],[37]}

$ 2,391

Amortized Cost

^{[1],[7],[9],[37]}

2,371

Fair Value

^{[1],[7],[9],[37]}

$ 2,333

Maturity

^{[1],[7],[9],[37]}

Sep. 30, 2027

Percent of Net Assets

^{[1],[7],[9],[37]}

2.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[3],[7],[9],[30],[37]}

9.68%

Interest Rate, PIK

^{[1],[3],[7],[9],[30],[37]}

1.00%

Spread Above Index

^{[1],[3],[7],[9],[30],[37]}

6.75%

Initial Acquisition Date

^{[1],[7],[9],[37]}

Aug. 31, 2021

Principal Amount

^{[1],[7],[9],[37]}

$ 721

Amortized Cost

^{[1],[7],[9],[37]}

716

Fair Value

^{[1],[7],[9],[37]}

$ 704

Maturity

^{[1],[7],[9],[37]}

Sep. 30, 2027

Percent of Net Assets

^{[1],[7],[9],[37]}

0.60%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[7],[9],[22]}

Aug. 31, 2021

Amortized Cost

^{[1],[7],[9],[22]}

$ 200

Fair Value

^{[1],[7],[9],[22]}

$ 72

Maturity

^{[1],[7],[9],[22],[25]}

Aug. 10, 2030

Percent of Net Assets

^{[1],[7],[9],[22]}

0.10%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[3],[11],[30],[31]}

9.45%

Spread Above Index

^{[1],[3],[11],[30],[31]}

5.75%

Initial Acquisition Date

^{[1],[11],[31]}

Dec. 20, 2024

Principal Amount

^{[1],[11],[31]}

$ 500

Amortized Cost

^{[1],[11],[31]}

493

Fair Value

^{[1],[11],[31]}

$ 500

Maturity

^{[1],[11],[31]}

Dec. 20, 2029

Percent of Net Assets

^{[1],[11],[31]}

0.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[3],[9],[11],[30]}

9.45%

Spread Above Index

^{[1],[3],[9],[11],[30]}

5.75%

Initial Acquisition Date

^[1],[9],[11]

Dec. 20, 2024

Principal Amount

^[1],[9],[11]

$ 16,752

Amortized Cost

^[1],[9],[11]

16,690

Fair Value

^[1],[9],[11]

$ 16,920

Maturity

^[1],[9],[11]

Dec. 20, 2029

Percent of Net Assets

^[1],[9],[11]

15.50%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[2],[24],[28]}

Sep. 04, 2020

Amortized Cost

^{[2],[24],[28]}

$ 160

Fair Value

^{[2],[4],[24],[28]}

$ 1

Percent of Net Assets

^{[2],[24],[28]}

0.00%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[22],[27]}

Sep. 04, 2020

Amortized Cost

^{[1],[22],[27]}

$ 160

Fair Value

^{[1],[22],[27]}

$ 1

Percent of Net Assets

^{[1],[22],[27]}

0.00%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[3],[9],[13],[30]}

7.27%

Spread Above Index

^{[1],[3],[9],[13],[30]}

3.50%

Initial Acquisition Date

^[1],[9],[13]

Mar. 25, 2021

Principal Amount

^[1],[9],[13]

$ 1,514

Amortized Cost

^[1],[9],[13]

1,510

Fair Value

^[1],[9],[13]

$ 1,001

Maturity

^[1],[9],[13]

Apr. 03, 2028

Percent of Net Assets

^[1],[9],[13]

0.90%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[3],[9],[13],[30]}

9.41%

Spread Above Index

^{[1],[3],[9],[13],[30]}

5.75%

Initial Acquisition Date

^[1],[9],[13]

May 23, 2024

Principal Amount

^[1],[9],[13]

$ 2,533

Amortized Cost

^[1],[9],[13]

2,466

Fair Value

^[1],[9],[13]

$ 2,308

Maturity

^[1],[9],[13]

Sep. 04, 2029

Percent of Net Assets

^[1],[9],[13]

2.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

9.87%

Initial Acquisition Date

^{[2],[41],[42]}

Nov. 16, 2020

Principal Amount

^{[2],[41],[42]}

$ 11,080

Amortized Cost

^{[2],[41],[42]}

9,173

Fair Value

^{[2],[4],[41],[42]}

$ 5,653

Maturity

^{[2],[41],[42]}

Apr. 20, 2035

Percent of Net Assets

^{[2],[41],[42]}

4.60%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

6.51%

Initial Acquisition Date

^{[2],[41],[42]}

May 28, 2021

Principal Amount

^{[2],[41],[42]}

$ 8,630

Amortized Cost

^{[2],[41],[42]}

5,585

Fair Value

^{[2],[4],[41],[42]}

$ 3,170

Maturity

^{[2],[41],[42]}

Jul. 18, 2034

Percent of Net Assets

^{[2],[41],[42]}

2.60%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

20.68%

Initial Acquisition Date

^{[2],[41],[42]}

Apr. 28, 2022

Principal Amount

^{[2],[41],[42]}

$ 17,074

Amortized Cost

^{[2],[41],[42]}

9,807

Fair Value

^{[2],[4],[41],[42]}

$ 7,929

Maturity

^{[2],[41],[42]}

Oct. 22, 2038

Percent of Net Assets

^{[2],[41],[42]}

6.40%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

10.98%

Spread Above Index

^{[2],[32],[41],[42]}

6.85%

Initial Acquisition Date

^{[2],[41],[42]}

Apr. 25, 2022

Principal Amount

^{[2],[41],[42]}

$ 6,000

Amortized Cost

^{[2],[41],[42]}

6,000

Fair Value

^{[2],[4],[41],[42]}

$ 5,466

Maturity

^{[2],[41],[42]}

Apr. 24, 2034

Percent of Net Assets

^{[2],[41],[42]}

4.40%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

16.45%

Initial Acquisition Date

^{[2],[41],[42]}

Oct. 30, 2024

Principal Amount

^{[2],[41],[42]}

$ 7,800

Amortized Cost

^{[2],[41],[42]}

5,954

Fair Value

^{[2],[4],[41],[42]}

$ 4,644

Maturity

^{[2],[41],[42]}

Oct. 22, 2037

Percent of Net Assets

^{[2],[41],[42]}

3.80%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

24.50%

Initial Acquisition Date

^{[2],[41],[42]}

Sep. 28, 2023

Principal Amount

^{[2],[41],[42]}

$ 5,494

Amortized Cost

^{[2],[41],[42]}

4,273

Fair Value

^{[2],[4],[41],[42]}

$ 4,493

Maturity

^{[2],[41],[42]}

Oct. 15, 2035

Percent of Net Assets

^{[2],[41],[42]}

3.60%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

21.02%

Initial Acquisition Date

^{[2],[41],[42]}

Aug. 12, 2025

Principal Amount

^{[2],[41],[42]}

$ 5,100

Amortized Cost

^{[2],[41],[42]}

1,880

Fair Value

^{[2],[4],[41],[42]}

$ 1,647

Maturity

^{[2],[41],[42]}

Jan. 20, 2038

Percent of Net Assets

^{[2],[41],[42]}

1.30%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

21.30%

Initial Acquisition Date

^{[2],[41],[42]}

Aug. 22, 2024

Principal Amount

^{[2],[41],[42]}

$ 18,453

Amortized Cost

^{[2],[41],[42]}

9,581

Fair Value

^{[2],[4],[41],[42]}

$ 8,539

Maturity

^{[2],[41],[42]}

Jul. 15, 2037

Percent of Net Assets

^{[2],[41],[42]}

6.90%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

26.57%

Initial Acquisition Date

^{[2],[41],[42]}

Aug. 08, 2024

Principal Amount

^{[2],[41],[42]}

$ 16,750

Amortized Cost

^{[2],[41],[42]}

7,942

Fair Value

^{[2],[4],[41],[42]}

$ 7,289

Maturity

^{[2],[41],[42]}

Oct. 20, 2034

Percent of Net Assets

^{[2],[41],[42]}

5.90%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

18.54%

Initial Acquisition Date

^{[2],[41],[42]}

Dec. 19, 2024

Principal Amount

^{[2],[41],[42]}

$ 3,500

Amortized Cost

^{[2],[41],[42]}

3,048

Fair Value

^{[2],[4],[41],[42]}

$ 2,727

Maturity

^{[2],[41],[42]}

Jan. 15, 2038

Percent of Net Assets

^{[2],[41],[42]}

2.20%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

17.42%

Initial Acquisition Date

^{[2],[41],[42]}

Dec. 22, 2020

Principal Amount

^{[2],[41],[42]}

$ 10,971

Amortized Cost

^{[2],[41],[42]}

5,223

Fair Value

^{[2],[4],[41],[42]}

$ 3,697

Maturity

^{[2],[41],[42]}

Mar. 25, 2038

Percent of Net Assets

^{[2],[41],[42]}

3.00%

Schedule of Investments [Line Items]

Interest Rate

^{[2],[24],[32],[33],[41],[42]}

0.00%

Initial Acquisition Date

^{[2],[24],[33],[41],[42]}

Mar. 04, 2021

Principal Amount

^{[2],[24],[33],[41],[42]}

$ 5,200

Amortized Cost

^{[2],[24],[33],[41],[42]}

2,318

Fair Value

^{[2],[4],[24],[33],[41],[42]}

$ 163

Maturity

^{[2],[24],[33],[41],[42]}

Jul. 20, 2117

Percent of Net Assets

^{[2],[24],[33],[41],[42]}

10.00%

Schedule of Investments [Line Items]

Interest Rate

^[2],[32]

11.58%

Spread Above Index

^[2],[32]

7.70%

Initial Acquisition Date

^[2]

Apr. 18, 2022

Principal Amount

^[2]

$ 3,000

Amortized Cost

^[2]

2,963

Fair Value

^[2],[4]

$ 2,607

Maturity

^[2]

Jul. 20, 2035

Percent of Net Assets

^[2]

2.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[2],[32],[41],[42]}

16.31%

Initial Acquisition Date

^{[2],[41],[42]}

Jan. 07, 2025

Principal Amount

^{[2],[41],[42]}

$ 4,275

Amortized Cost

^{[2],[41],[42]}

3,886

Fair Value

^{[2],[4],[41],[42]}

$ 3,581

Maturity

^{[2],[41],[42]}

Jan. 20, 2038

Percent of Net Assets

^{[2],[41],[42]}

2.90%

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[11],[22],[27]}

Oct. 11, 2019

Amortized Cost

^{[1],[11],[22],[27]}

$ 670

Fair Value

^{[1],[11],[22],[27]}

$ 627

Percent of Net Assets

^{[1],[11],[22],[27]}

0.60%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[3],[30],[31]}

9.77%

Spread Above Index

^{[1],[3],[30],[31]}

6.00%

Initial Acquisition Date

^[1],[31]

Oct. 14, 2021

Principal Amount

^[1],[31]

$ 669

Amortized Cost

^[1],[31]

666

Fair Value

^[1],[31]

$ 135

Maturity

^[1],[31]

Oct. 14, 2027

Percent of Net Assets

^[1],[31]

0.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest rate, cash

^{[1],[3],[9],[30]}

9.77%

Interest Rate, PIK

^{[1],[3],[9],[30]}

1.25%

Spread Above Index

^{[1],[3],[9],[30]}

6.00%

Initial Acquisition Date

^[1],[9]

Oct. 14, 2021

Principal Amount

^[1],[9]

$ 14,488

Amortized Cost

^[1],[9]

14,438

Fair Value

^[1],[9]

$ 9,475

Maturity

^[1],[9]

Oct. 14, 2027

Percent of Net Assets

^[1],[9]

8.70%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

17.49%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Apr. 28, 2022

Principal Amount

^{[1],[7],[43],[44]}

$ 17,074

Amortized Cost

^{[1],[7],[43],[44]}

10,195

Fair Value

^{[1],[3],[7],[43],[44]}

$ 6,768

Maturity

^{[1],[7],[43],[44]}

Oct. 22, 2038

Percent of Net Assets

^{[1],[7],[43],[44]}

6.20%

Schedule of Investments [Line Items]

Interest Rate

^[1],[7],[30]

10.78%

Spread Above Index

^[1],[7],[30]

6.85%

Initial Acquisition Date

^[1],[7]

Apr. 25, 2022

Principal Amount

^[1],[7]

$ 6,000

Amortized Cost

^[1],[7]

6,000

Fair Value

^[1],[3],[7]

$ 4,141

Maturity

^[1],[7]

Apr. 24, 2034

Percent of Net Assets

^[1],[7]

3.80%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

16.68%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Oct. 30, 2024

Principal Amount

^{[1],[7],[43],[44]}

$ 7,800

Amortized Cost

^{[1],[7],[43],[44]}

5,961

Fair Value

^{[1],[3],[7],[43],[44]}

$ 3,685

Maturity

^{[1],[7],[43],[44]}

Oct. 22, 1937

Percent of Net Assets

^{[1],[7],[43],[44]}

3.40%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

24.50%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Sep. 28, 2023

Principal Amount

^{[1],[7],[43],[44]}

$ 5,494

Amortized Cost

^{[1],[7],[43],[44]}

4,525

Fair Value

^{[1],[3],[7],[43],[44]}

$ 4,647

Maturity

^{[1],[7],[43],[44]}

Oct. 15, 2035

Percent of Net Assets

^{[1],[7],[43],[44]}

4.30%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

20.26%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Aug. 12, 2025

Principal Amount

^{[1],[7],[43],[44]}

$ 5,100

Amortized Cost

^{[1],[7],[43],[44]}

1,918

Fair Value

^{[1],[3],[7],[43],[44]}

$ 1,425

Maturity

^{[1],[7],[43],[44]}

Jan. 20, 2038

Percent of Net Assets

^{[1],[7],[43],[44]}

1.30%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

17.18%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Aug. 22, 2024

Principal Amount

^{[1],[7],[43],[44]}

$ 18,453

Amortized Cost

^{[1],[7],[43],[44]}

9,562

Fair Value

^{[1],[3],[7],[43],[44]}

$ 7,196

Maturity

^{[1],[7],[43],[44]}

Jul. 15, 2037

Percent of Net Assets

^{[1],[7],[43],[44]}

6.60%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

6.25%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Nov. 16, 2020

Principal Amount

^{[1],[7],[43],[44]}

$ 11,080

Amortized Cost

^{[1],[7],[43],[44]}

9,045

Fair Value

^{[1],[3],[7],[43],[44]}

$ 4,793

Maturity

^{[1],[7],[43],[44]}

Apr. 20, 2035

Percent of Net Assets

^{[1],[7],[43],[44]}

4.40%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Type Structured Finance Securities First Lien Debt Apex Credit CLO 2021 Ltd. Subordinated Notes Interest Rate 0.81% Initial Acquisition Date 5/28/2021 Maturity 7/18/2034

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

0.81%

Initial Acquisition Date

^{[1],[7],[43],[44]}

May 28, 2021

Principal Amount

^{[1],[7],[43],[44]}

$ 8,630

Amortized Cost

^{[1],[7],[43],[44]}

5,246

Fair Value

^{[1],[3],[7],[43],[44]}

$ 2,109

Maturity

^{[1],[7],[43],[44]}

Jul. 18, 2034

Percent of Net Assets

^{[1],[7],[43],[44]}

1.90%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

22.54%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Aug. 08, 2024

Principal Amount

^{[1],[7],[43],[44]}

$ 16,750

Amortized Cost

^{[1],[7],[43],[44]}

7,853

Fair Value

^{[1],[3],[7],[43],[44]}

$ 5,894

Maturity

^{[1],[7],[43],[44]}

Oct. 20, 2034

Percent of Net Assets

^{[1],[7],[43],[44]}

5.40%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

17.60%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Dec. 19, 2024

Principal Amount

^{[1],[7],[43],[44]}

$ 3,500

Amortized Cost

^{[1],[7],[43],[44]}

2,988

Fair Value

^{[1],[3],[7],[43],[44]}

$ 2,418

Maturity

^{[1],[7],[43],[44]}

Jan. 15, 2038

Percent of Net Assets

^{[1],[7],[43],[44]}

2.20%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[30],[43],[44]}

15.10%

Initial Acquisition Date

^{[1],[7],[43],[44]}

Dec. 22, 2020

Principal Amount

^{[1],[7],[43],[44]}

$ 10,971

Amortized Cost

^{[1],[7],[43],[44]}

5,228

Fair Value

^{[1],[3],[7],[43],[44]}

$ 3,194

Maturity

^{[1],[7],[43],[44]}

Mar. 25, 2038

Percent of Net Assets

^{[1],[7],[43],[44]}

2.90%

Schedule of Investments [Line Items]

Interest Rate

^{[1],[7],[22],[30],[43],[44],[45]}

0.00%

Initial Acquisition Date

^{[1],[7],[22],[43],[44],[45]}

Mar. 04, 2021

Principal Amount

^{[1],[7],[22],[43],[44],[45]}

$ 5,200

Amortized Cost

^{[1],[7],[22],[43],[44],[45]}

2,307

Fair Value

^{[1],[3],[7],[22],[43],[44],[45]}

$ 130

Maturity

^{[1],[7],[22],[43],[44],[45]}

Jul. 20, 2117

Percent of Net Assets

^{[1],[7],[22],[43],[44],[45]}

0.10%

Schedule of Investments [Line Items]

Interest Rate

^[1],[7],[30]

11.37%

Spread Above Index

^[1],[7],[30]

7.70%

Initial Acquisition Date

^[1],[7]

Apr. 18, 2022

Principal Amount

^[1],[7]

$ 3,000

Amortized Cost

^[1],[7]

2,965

Fair Value

^[1],[3],[7]

$ 2,244

Maturity

^[1],[7]

Jul. 20, 2035

Percent of Net Assets

^[1],[7]

2.10%

Investment, Variable Interest Rate, Type [Extensible Enumeration]

us-gaap:SecuredOvernightFinancingRateSofrMember

Schedule of Investments [Line Items]

Initial Acquisition Date

^{[1],[22],[27]}

Apr. 16, 2013

Amortized Cost

^{[1],[22],[27]}

$ 9

Fair Value

^{[1],[22],[27]}

$ 0

Percent of Net Assets

^{[1],[22],[27]}

0.00%

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, Common Equity 1

Schedule of Investments [Line Items]

Fair Value

^[19],[20]

$ 1,557

$ 1,729

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt 1

Schedule of Investments [Line Items]

Fair Value

^[19]

234

235

Investment, Identifier [Axis]: SSJA Bariatric Management LLC, First Lien Debt 2

Schedule of Investments [Line Items]

Fair Value

^[19]

$ 3,893

$ 3,804

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[5]	Represents cash equivalents held in a money market fund as of March 31, 2026. The Company also had cash deposits of $1,977 as of March 31, 2026.
[6]	Represents cash equivalents held in a money market fund as of December 31, 2025. The Company also had cash deposits of $3,050 as of December 31, 2025.
[7]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.
[8]	The Company has the right to receive certain information provided to the board of directors.
[9]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the Natixis Facility and cannot be pledged under any debt obligation of the Parent.
[10]	Investment was on non-accrual status as of March 31, 2026. See Note 4 for further details.
[11]	The Company has an observer seat on the portfolio company’s board of directors.
[12]	The Company holds at least one seat on the portfolio company’s board of directors.
[13]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[14]	Fair value was determined by reference to observable inputs other than quoted prices in active markets and are considered Level 2 under GAAP. See Note 5 for further details.
[15]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the BNP Facility and cannot be pledged under any other debt obligation of the Company.
[16]	The Company has an observer seat on the portfolio company’s board of directors.
[17]	Portfolio company represents greater than 5% of total assets as of March 31, 2026.
[18]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company's assets immediately following the acquisition of any additional non-qualifying assets. As of December 31, 2025, approximately 81% of the Company's assets were qualifying assets.
[19]	Fair value was determined using significant unobservable inputs. See Note 5 for further details.
[20]	Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.
[21]	Dividends recognized as income include PIK dividends contractually earned but not declared.
[22]	Non-income producing. The Company has not recognized income on the security during the prior twelve-month period preceding the period-end date.
[23]	The Company holds at least one seat on the portfolio company’s board of directors.
[24]	Non-income producing.
[25]	Represents expiration date of the warrants.
[26]	Represents expiration date of the warrants.
[27]	All or a portion of investment held by a wholly owned subsidiary subject to income tax.
[28]	All or a portion of investment held by a wholly owned subsidiary subject to income tax.
[29]	Portfolio company at fair value represents greater than 5% of total assets at December 31, 2025.
[30]	As of March 31, 2026, the Company held loans and mezzanine debt investments with an aggregate fair value of $153,365 of the total loan portfolio, that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of March 31, 2026. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[31]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[32]	As of December 31, 2025, the Company held loans and mezzanine debt investments with an aggregate fair value of $168,018 that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of December 31, 2025. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[33]	As of December 31, 2025, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security's anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security's then-current amortized cost.
[34]	Subject to unfunded commitments. The Company considers undrawn amounts in the determination of fair value on revolving lines of credit and delayed draw term loans. See Note 6.
[35]	The Company has the right to receive certain information provided to the board of directors.
[36]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of December 31, 2025:
[37]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of March 31, 2026:
[38]	Investment was on non-accrual status as of December 31, 2025, meaning the Company suspended recognition of all or a portion of income on the investment. See Note 4 for further details.
[39]	Equity participation rights issued by unaffiliated third party fully covered with underlying positions in the portfolio company.
[40]	These investments became contractually due on December 22, 2025. The lending group has entered into a forbearance agreement extending the maturity date of the investments. During this period, the Company continues to accrue interest and receive principal amortization payments on the investments.
[41]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[42]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[43]	Amortized cost reflects accretion of effective yield less any cash distributions received or entitled to be received from CLO subordinated note investments. CLO subordinated note positions are entitled to recurring distributions, which are generally equal to the residual cash flow of payments received on underlying securities less contractual payments to debt holders and fund expenses.
[44]	The rate disclosed on subordinated note investments is the estimated effective yield, generally established at purchase, and reevaluated upon the receipt of the initial distribution and each subsequent quarter thereafter. The estimated effective yield is based upon projected amounts and timing of future distributions and the projected amounts and timing of terminal principal payments at the time of estimation. The estimated effective yield and investment cost may ultimately not be realized. Projected cash flows, including the amounts and timing of terminal principal payments, which generally are projected to occur prior to the contractual maturity date, were utilized in deriving the effective yield of the investments.
[45]	As of March 31, 2026, the effective accretable yield was estimated to be 0%, as the aggregate amount of projected distributions, including projected distributions related to liquidation of the underlying portfolio upon the security’s anticipated optional redemption, was less than current amortized cost. Projected distributions are periodically monitored and re-evaluated. All actual distributions were recognized as reductions to amortized cost until such time, if and when occurring, a future aggregate amount of then-projected distributions exceeds the security’s then-current amortized cost.

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Accounting Policies [Abstract]

Cash

$ 1,977

$ 3,050

Cash equivalents

1,281

^[1],[2]

309

^[3],[4]

Total cash and cash equivalents

$ 3,258

$ 3,359

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Represents cash equivalents held in a money market fund as of March 31, 2026. The Company also had cash deposits of $1,977 as of March 31, 2026.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Represents cash equivalents held in a money market fund as of December 31, 2025. The Company also had cash deposits of $3,050 as of December 31, 2025.

- Definition

+ References

+ Details

Consolidated Schedule of Investments (PIK Investment)

Mar. 31, 2026

Dec. 31, 2025

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

8.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

5.85%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two

Schedule of Investments [Line Items]

Maximum PIK rate allowed

6.50%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

2.00%

Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver)

Schedule of Investments [Line Items]

Maximum PIK rate allowed

2.00%

Investment, Identifier [Axis]: Portfolio Company Investment Type Affiliate Investments SSJA Bariatric Management LLC First Lien Debt Industry Offices of Physicians and Mental Health Specialists Interest Rate 9.07%PIK Spread Above Index SOFR+ 5.25 % Initial Acquisition Date 12/31/2020 Maturity 10/31/2028

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[4]}

9.07%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[8]}

9.24%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[9],[10]}

8.50%

Interest rate, cash

^{[5],[6],[9],[10]}

3.70%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.66% cash / 6.50% PIK Spread Above Index SOFR+ 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11]}

6.50%

Interest rate, cash

^{[1],[2],[3],[11]}

4.66%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.90% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 47189 3/12/2029

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11]}

6.50%

Interest rate, cash

^{[1],[2],[3],[11]}

4.90%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 4.94% cash / 6.50% PIK Spread Above Index SOFR+ 7.50% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11]}

6.50%

Interest rate, cash

^{[1],[2],[3],[11]}

4.94%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.20% cash / 5.85% PIK Spread Above Index SOFR + 7.35% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[9],[10]}

5.85%

Interest rate, cash

^{[5],[6],[7],[9],[10]}

5.20%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.49% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[9],[10]}

6.50%

Interest rate, cash

^{[5],[6],[7],[9],[10]}

5.49%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.60% cash / 6.50% PIK Spread Above Index SOFR + 8.00% Initial Acquisition Date 11/25/2021 Maturity 3/12/2029

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[9],[10],[12],[13]}

6.50%

Interest rate, cash

^{[5],[6],[7],[9],[10],[12],[13]}

5.60%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 12/12/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11]}

6.50%

Interest rate, cash

^{[1],[2],[3],[11]}

5.81%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Avison Young Inc. First Lien Debt Industry Nonresidential Property Managers Interest Rate 5.81% cash / 6.50% PIK Spread Above Index SOFR+ 8.50% Initial Acquisition Date 12/18/2025 Maturity 46733 12/12/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11]}

6.50%

Interest rate, cash

^{[1],[2],[3],[11]}

5.81%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Envocore Holding, LLC (F/K/A LRI Holding, LLC) Second Lien Debt Industry Electrical Contractors and Other Wiring Installation Contractors Interest Rate 10.00% PIK Initial Acquisition Date 6/30/2017 Maturity 12/31/2028

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[12],[13],[14]}

10.00%

Schedule of Investments [Line Items]

Interest Rate, PIK

18.00%

^[1],[2],[15]

18.00%

^[5],[6],[12]

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt (Revolver) Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[4],[11],[16]}

2.00%

Interest rate, cash

^{[1],[2],[4],[11],[16]}

10.85%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Inergex Holdings, LLC First Lien Debt Industry Other Computer Related Services Interest Rate 10.85% cash / 2.00% PIK Spread Above Index SOFR+ 7.00% Initial Acquisition Date 10/1/2028 Maturity 10/1/2026

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[4],[11],[16]}

2.00%

Interest rate, cash

^{[1],[2],[4],[11],[16]}

10.85%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.17% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Interest Rate, PIK

^[5],[6],[10]

4.00%

Interest rate, cash

^[5],[6],[10]

5.17%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments JP Intermediate B, LLC First Lien Debt Industry Drugs and Druggists' Sundries Merchant Wholesalers Interest Rate 5.20% cash / 4.00% PIK Spread Above Index SOFR+ 5.50% Initial Acquisition Date 1/14/2021 Maturity 3/31/2031

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11],[15]}

4.00%

Interest rate, cash

^{[1],[2],[3],[11],[15]}

5.20%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11],[16]}

0.50%

Interest rate, cash

^{[1],[2],[3],[11],[16]}

10.10%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Kreg LLC First Lien Debt Industry Other Ambulatory Health Care Services Interest Rate 10.07% cash / 0.50% PIK Spread Above Index SOFR+ 6.25% Initial Acquisition Date 12/20/2021 Maturity 12/20/2026

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[10],[17]}

0.50%

Interest rate, cash

^{[5],[6],[7],[10],[17]}

10.07%

Schedule of Investments [Line Items]

Interest Rate, PIK

^[5],[6],[7]

0.50%

Interest rate, cash

^[5],[6],[7]

10.18%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Metasource, LLC First Lien Debt Industry All Other Business Support Services Interest Rate 10.21% cash / 0.50% PIK Spread Above Index SOFR+6.25% Intitial Acquisition Date 5/17/2022 Maturity 5/17/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^[1],[2],[3]

0.50%

Interest rate, cash

^[1],[2],[3]

10.21%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[9],[10]}

1.50%

Interest rate, cash

^{[5],[6],[7],[9],[10]}

12.10%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[9],[10]}

1.50%

Interest rate, cash

^{[5],[6],[7],[9],[10]}

12.10%

Investment, Identifier [Axis]: Portfolio Company Investment Type Non-control/Non-affiliate Investments Debt and Equity Investments Tolemar Acquisition, Inc. First Lien Debt Industry Motorcycle, Bicycle, and Parts Manufacturing Interest Rate 9.82% cash / 1.25% PIK Spread Above Index SOFR+6.00% Initial Acquisition Date 10/14/2021 Maturity 10/14/2027

Schedule of Investments [Line Items]

Interest Rate, PIK

^[5],[6],[7]

1.25%

Interest rate, cash

^[5],[6],[7]

9.82%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[5],[6],[7],[10]}

1.75%

Interest rate, cash

^{[5],[6],[7],[10]}

8.33%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11],[18],[19]}

1.00%

Interest rate, cash

^{[1],[2],[3],[11],[18],[19]}

9.68%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[11],[18],[19]}

1.00%

Interest rate, cash

^{[1],[2],[3],[11],[18],[19]}

9.68%

Schedule of Investments [Line Items]

Interest Rate, PIK

^{[1],[2],[3],[19]}

1.25%

Interest rate, cash

^{[1],[2],[3],[19]}

9.77%

Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

4.00%

Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

0.50%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.00%

Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.00%

Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Maximum PIK rate allowed

1.75%

Maximum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

8.50%

Interest rate, cash

12.31%

12.20%

Maximum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

12.31%

Maximum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

5.85%

Interest rate, cash

11.16%

11.05%

Maximum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

11.40%

12.10%

Maximum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two

Schedule of Investments [Line Items]

Interest Rate, PIK

6.50%

Interest rate, cash

11.44%

11.99%

Maximum | Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

2.00%

Interest rate, cash

12.85%

Maximum | Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver)

Schedule of Investments [Line Items]

Interest Rate, PIK

2.00%

Interest rate, cash

12.85%

Maximum | Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

4.00%

Interest rate, cash

9.20%

9.17%

Maximum | Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.50%

Interest rate, cash

10.60%

10.57%

Maximum | Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

1.00%

Interest rate, cash

10.68%

11.85%

Maximum | Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Interest Rate, PIK

1.00%

Interest rate, cash

10.68%

11.85%

Maximum | Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

1.75%

Interest rate, cash

10.08%

Minimum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.81%

3.70%

Minimum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Four

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.81%

Minimum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.66%

5.20%

Minimum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Three

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.90%

5.60%

Minimum | Investment, Identifier [Axis]: Portfolio Company Avison Young Inc. Investment Type First Lien Debt Two

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

4.94%

5.49%

Minimum | Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.85%

Minimum | Investment, Identifier [Axis]: Portfolio Company Inergex Holdings, LLC Investment Type First Lien Debt (Revolver)

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.85%

Minimum | Investment, Identifier [Axis]: Portfolio Company JP Intermediate B, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

5.20%

5.17%

Minimum | Investment, Identifier [Axis]: Portfolio Company Kreg, LLC Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

10.10%

10.07%

Minimum | Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

9.68%

10.85%

Minimum | Investment, Identifier [Axis]: Portfolio Company RideNow Group, Inc. (F/K/A RumbleOn, Inc.) Investment Type First Lien Debt One

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

9.68%

10.85%

Minimum | Investment, Identifier [Axis]: Portfolio Company Wellful Inc. (F/K/A KNS Acquisition Corp.) Investment Type First Lien Debt

Schedule of Investments [Line Items]

Interest Rate, PIK

0.00%

Interest rate, cash

8.33%

[1]	As of March 31, 2026, the Company held loans and mezzanine debt investments with an aggregate fair value of $153,365 of the total loan portfolio, that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of March 31, 2026. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[2]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[3]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the Natixis Facility and cannot be pledged under any debt obligation of the Parent.
[4]	The Company has an observer seat on the portfolio company’s board of directors.
[5]	As of December 31, 2025, the Company held loans and mezzanine debt investments with an aggregate fair value of $168,018 that bore interest at a variable rate indexed to SOFR or Prime, and reset monthly, quarterly, or semi-annually. For each variable-rate investment, the Company has provided the spread over the reference rate and current interest rate in effect as of December 31, 2025. Unless otherwise noted, all investments with a stated PIK rate require interest payments with the issuance of additional securities as payment of the entire PIK provision.
[6]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[7]	Investments (or a portion thereof) held by OFSCC-FS. These assets are pledged as collateral of the BNP Facility and cannot be pledged under any other debt obligation of the Company.
[8]	The Company has an observer seat on the portfolio company’s board of directors.
[9]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company's assets immediately following the acquisition of any additional non-qualifying assets. As of December 31, 2025, approximately 81% of the Company's assets were qualifying assets.
[10]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of December 31, 2025:
[11]	The interest rate on these investments contains a PIK provision, whereby the issuer has the option to make interest payments in cash or with the issuance of additional securities as payment of the entire PIK provision. The interest rate in the schedule represents the current interest rate in effect for these investments. The following table provides additional details on these PIK investments, including the maximum annual PIK interest rate allowed as of March 31, 2026:
[12]	Investment was on non-accrual status as of December 31, 2025, meaning the Company suspended recognition of all or a portion of income on the investment. See Note 4 for further details.
[13]	Non-income producing.
[14]	The Company holds at least one seat on the portfolio company’s board of directors.
[15]	Investment was on non-accrual status as of March 31, 2026. See Note 4 for further details.
[16]	Portfolio company represents greater than 5% of total assets as of March 31, 2026.
[17]	Portfolio company at fair value represents greater than 5% of total assets at December 31, 2025.
[18]	Non-qualifying assets under Section 55(a) of the 1940 Act. Qualifying assets as defined in Section 55 of the 1940 Act must represent at least 70% of the Company’s assets immediately following the acquisition of any additional non-qualifying assets. As of March 31, 2026, approximately 83% of the Company's assets were qualifying assets.
[19]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.

Consolidated Statements of Changes in Net Assets (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Investment Company, Net Assets [Roll Forward]
Balance (in shares)	13,398,078
Balance	$ 123,188	$ 172,225
Net increase (decrease) in net assets resulting from operations:
Net investment income	2,464	3,465
Net realized losses on investments, net of taxes	(11,301)	(2,587)
Net unrealized (appreciation) depreciation on investments, net of deferred taxes	(2,621)	(8,165)
Loss on extinguishment of debt	(130)	0
Distribution declared	(2,278)	(4,555)
Net increase (decrease)	$ (13,866)	$ (11,842)
Balance (in shares)	13,398,078	13,398,078
Balance	$ 109,322	$ 160,383
Common Stock
Investment Company, Net Assets [Roll Forward]
Balance (in shares)	13,398,078	13,398,078
Balance	$ 134	$ 134
Net increase (decrease) in net assets resulting from operations:
Balance (in shares)	13,398,078	13,398,078
Balance	$ 134	$ 134
Paid-in capital in excess of par
Investment Company, Net Assets [Roll Forward]
Balance	174,195	184,912
Net increase (decrease) in net assets resulting from operations:
Net increase (decrease)	0
Balance	174,195	184,912
Total distributable earnings (accumulated losses)
Investment Company, Net Assets [Roll Forward]
Balance	(51,141)	(12,821)
Net increase (decrease) in net assets resulting from operations:
Net investment income	2,464	3,465
Net realized losses on investments, net of taxes	(11,301)	(2,587)
Net unrealized (appreciation) depreciation on investments, net of deferred taxes	(2,621)	(8,165)
Loss on extinguishment of debt	(130)
Distribution declared		(4,555)
Net increase (decrease)	(13,866)	(11,842)
Balance	$ (65,007)	$ (24,663)

Related Party Transactions

3 Months Ended

Mar. 31, 2026

Related Party Transactions

Note 3. Related Party Transactions

Investment Advisory and Management Agreement: OFS Advisor manages the day-to-day operations of, and provides investment advisory services to, the Company pursuant to the Investment Advisory Agreement. The continuation of the Investment Advisory Agreement was most recently approved by the Board on April 2, 2026. Under the terms of the Investment Advisory Agreement, which are in accordance with the 1940 Act and subject to the overall supervision of the Board, OFS Advisor is responsible for sourcing potential investments, conducting research and diligence on potential investments and equity sponsors, analyzing investment opportunities, structuring investments, and monitoring investments and portfolio companies on an ongoing basis.

OFS Advisor’s services under the Investment Advisory Agreement are not exclusive to the Company and OFS Advisor is free to furnish similar services to other entities, including other funds affiliated with OFS Advisor, so long as its services to the Company are not impaired. OFS Advisor also serves as the investment adviser or sub-adviser to various clients, including HPCI and OCCI.

OFS Advisor receives fees for providing services to the Company, consisting of two components: a base management fee and an incentive fee. The base management fee is calculated at an annual rate of 1.75% and based on the average value of the Company’s total assets (other than cash and cash equivalents, but including assets purchased with borrowed amounts and assets owned by any consolidated entity) at the end of the two most recently completed calendar quarters, adjusted for any share issuances or repurchases during the quarter.

On April 17, 2026, OFS Advisor agreed to waive its base management fee for the quarter ended March 31, 2026 attributable to all of the OFSCC-FS Assets to 0.25% per quarter (1.00% annualized) of the average value of the OFSCC-FS Assets (other than cash and cash equivalents, but including assets purchased with borrowed amounts) at the end of the two most recently completed calendar quarters. Prior to January 1, 2026, OFS Advisor had contractually agreed to reduce its base management fee for the entire year at the beginning of the year. As of March 31, 2026, there is no active ongoing fee waiver or reduction agreement in place with OFS Advisor for the remainder of 2026.

For the year ended December 31, 2025, OFS Advisor agreed to reduce its base management fee attributable to all of the OFSCC-FS Assets to 0.25% per quarter (1.00% annualized) of the average value of the OFSCC-FS Assets (other than cash and cash equivalents, but including assets purchased with borrowed amounts) at the end of the two most recently completed calendar quarters.

OFS Advisor is not entitled to recoup the amount of the base management fee waived or reduced with respect to the OFSCC-FS Assets. The fee waiver and reductions were provided at OFS Advisor’s discretion; there can be no assurance that similar fee waivers or reductions will be provided in future periods.

The incentive fee has two parts. The first part of the incentive fee (the “Income Incentive Fee”) is calculated and payable quarterly in arrears based on the Company’s pre-incentive fee net investment income for the immediately preceding calendar quarter. For this purpose, pre-incentive fee net investment income means interest income, dividend income and any other income (including any other

fees such as commitment, syndication and consulting fees or other fees that the Company receives from portfolio companies, but excluding fees for providing managerial assistance) accrued during the calendar quarter, minus operating expenses for the quarter (including the base management fee, any expenses payable under the Administration Agreement and any interest expense and dividends paid on any outstanding preferred stock, but excluding the incentive fee). Pre-incentive fee net investment income includes, in the case of investments with a deferred interest or dividend feature (such as OID, debt instruments with PIK interest, equity investments with accruing or PIK dividend and zero coupon securities), accrued income that the Company has not yet received in cash.

Pre-incentive fee net investment income is expressed as a rate of return on the value of the Company’s net assets (defined as total assets less indebtedness and before taking into account any incentive fees payable during the period) at the end of the immediately preceding calendar quarter and adjusted for any share issuances or repurchases during such quarter.

The incentive fee with respect to pre-incentive fee net income is 20.0% of the amount, if any, by which the pre-incentive fee net investment income for the immediately preceding calendar quarter exceeds a 2.0% hurdle rate (which is 8.0% annualized) and a “catch-up” provision measured as of the end of each calendar quarter. Under this provision, in any calendar quarter, OFS Advisor receives no incentive fee until the net investment income equals the hurdle rate of 2.0%, but then receives, as a “catch-up,” 100.0% of the pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.5%. The effect of this provision is that, if pre-incentive fee net investment income exceeds 2.5% in any calendar quarter, OFS Advisor will receive 20.0% of the pre-incentive fee net investment income.

Pre-incentive fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Because of the structure of the incentive fee, it is possible that the Company may pay an incentive fee in a quarter in which the Company incurs a loss. For example, if the Company receives pre-incentive fee net investment income in excess of the quarterly minimum hurdle rate, the Company will pay the applicable incentive fee even if the Company has incurred a loss in that quarter due to realized and unrealized capital losses. The Company’s net investment income used to calculate this part of the incentive fee is also included in the amount of the Company’s gross assets used to calculate the base management fee. These calculations are appropriately prorated for any period of less than three months.

The second part of the incentive fee (the “Capital Gains Fee”) is determined and payable in arrears as of the end of each calendar year (or upon termination of the Investment Advisory Agreement, as of the termination date), and equals 20.0% of the Company’s aggregate realized capital gains, if any, on a cumulative basis from the date of the election to be a BDC through the end of each calendar year, computed net of all realized capital losses, losses on extinguishment of debt, income taxes from realized capital gains and unrealized capital depreciation through the end of such year, less all previous amounts paid in respect of the Capital Gains Fee. Since inception through March 31, 2026, the Company has not made a Capital Gains Fee payment.

The Company accrues the Capital Gains Fee if, on a cumulative basis, the sum of net realized capital gains (losses) plus net unrealized appreciation (depreciation) is positive. An accrued Capital Gains Fee relating to net unrealized appreciation is deferred, and not due to OFS Advisor, until the close of the year in which such gains are realized. If, on a cumulative basis, the sum of net realized capital gains (losses) plus net unrealized appreciation (depreciation) decreases during a period, the Company will reverse any excess Capital Gains Fee previously accrued such that the amount of Capital Gains Fee accrued is no more than 20% of the sum of net realized capital gains (losses) plus net unrealized appreciation (depreciation). As of March 31, 2026 and December 31, 2025, there were no accrued Capital Gains Fees.

License Agreement: The Company entered into a license agreement with OFSAM under which OFSAM has granted the Company a non-exclusive, royalty-free license to use the name “OFS.”

Administration Agreement: OFS Services furnishes the Company with office facilities and equipment, necessary software licenses and subscriptions, and clerical, bookkeeping and record keeping services at such facilities pursuant to the Administration Agreement. The continuation of the Administration Agreement was most recently approved by the Board on April 2, 2026. Under the Administration Agreement, OFS Services performs, or oversees the performance of, the Company’s required administrative services, which include being responsible for the financial records that the Company is required to maintain and preparing reports to its stockholders and all other reports and materials required to be filed with the SEC or any other regulatory authority. In addition, OFS Services assists the Company in determining and publishing its net asset value, oversees the preparation and filing of its tax returns and the printing and dissemination of reports to its stockholders, and generally oversees the payment of the Company’s expenses and the performance of administrative and professional services rendered to the Company by others. Under the Administration Agreement, OFS Services also provides managerial assistance on the Company’s behalf to those portfolio companies that have accepted the Company’s offer to provide such assistance. Payment under the Administration Agreement is equal to an amount based upon the Company’s allocable portion of OFS Services’s overhead in performing its obligations under the Administration Agreement, including, but not limited to, rent, information technology services and the Company’s allocable portion of the cost of its officers,

including its chief executive officer, chief financial officer, chief compliance officer and their respective staffs. To the extent that OFS Services outsources any of its functions, the Company will pay the fees associated with such functions on a direct basis without profit to OFS Services.

Equity Ownership: As of March 31, 2026, affiliates of OFS Advisor held approximately 3,029,093 shares of common stock, which is approximately 22.6% of the Company’s outstanding shares of common stock.

Expenses recognized under agreements with OFS Advisor and OFS Services and distributions paid to affiliates for the three months ended March 31, 2026 and 2025 are presented below:


	Three Months Ended March 31,
	2026			2025
Base management fee(1)	$	1,435		$	1,549
Base management fee waiver		(220	)		—
Income Incentive Fee		408			330
Administration fee		326			394
Distributions paid to affiliates		515			1,029

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-2

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-5

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480990/946-20-50-6

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147477968/946-235-50-2

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483326/850-10-50-1

+ Details

Financial Highlights (Tables)

3 Months Ended

Mar. 31, 2026

Investment Company [Abstract]

Schedule of Financial Highlights

The following is a schedule of financial highlights for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31,
	2026			2025
Per share operating performance:
Net asset value per share at beginning of period	$	9.19		$	12.85
Net investment income(1)		0.18			0.26
Net realized loss on investments, net of taxes(1)		(0.84	)		(0.19	)
Net unrealized depreciation on investments, net of deferred taxes(1)		(0.19	)		(0.61	)
Loss on extinguishment of debt(1)		(0.01	)		—
Total net loss from operations		(0.86	)		(0.54	)
Distributions declared		(0.17	)		(0.34	)
Net asset value per share at end of period	$	8.16		$	11.97

Per share market value, end of period	$	3.55		$	9.29
Total return based on market value(2)(3)		(21.7	)%		19.3	%
Total return based on net asset value(3)(4)		(6.8	)%		(3.5	)%
Shares outstanding at end of period		13,398,078			13,398,078
Weighted average shares outstanding		13,398,078			13,398,078
Ratio/Supplemental Data (dollar amounts in thousands)
Average net asset value(5)	$	116,255		$	166,304
Net asset value at end of period	$	109,322		$	160,383
Net investment income	$	2,464		$	3,465
Ratio of total expenses, net to average net assets(6)(9)		22.2	%		16.4	%
Ratio of total expenses, net and loss on extinguishment of debt to average net assets(6)(8)(10)		22.3	%		16.4	%
Ratio of net investment income to average net assets(6)(11)		8.5	%		8.3	%
Ratio of loss on extinguishment of debt to average net assets(3)		0.1	%		0.0	%
Portfolio turnover(7)		0.6	%		2.4	%

(1)

Calculated on the average share method.

(2)

Calculated as ending market value less beginning market value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.

(3)

Not annualized.

(4)

Calculated as ending net asset value less beginning net asset value, adjusted for distributions reinvested at prices based on the Company’s DRIP for the respective distributions.

(5)

Based on the average of the net asset value at the beginning and end of the indicated period and, if applicable, the preceding calendar quarters.

(6)

Annualized.

(7)

(8)

Calculated as total expenses (annualized) plus the loss on extinguishment of debt, divided by average net assets.

(9)

Ratio of total expenses before the base management fee waiver to average net assets was 22.9% for the three months ended March 31, 2026.

(10)

Ratio of total expenses before the base management fee waiver plus the loss on extinguishment of debt to average net assets was 23.0% for the three months ended March 31, 2026.

(11)

Ratio of net investment income before the base management fee waiver to average net assets was 7.7% for the three months ended March 31, 2026.

Subsequent Events

3 Months Ended

Mar. 31, 2026

Subsequent Events [Abstract]

Subsequent Events

Note 11. Subsequent Events

Distribution Declaration

On April 28, 2026, the Board declared a distribution of $0.17 per share for the second quarter of 2026, payable on July 6, 2026 to stockholders of record as of June 19, 2026.

Commitments and Contingencies

3 Months Ended

Mar. 31, 2026

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Note 6. Commitments and Contingencies

The following table shows the Company’s outstanding commitments to fund investments to portfolio companies as of March 31, 2026:


Portfolio Company	Investment Type	Commitment
12 Interactive, LLC (D/B/A PerkSpot)	First Lien Debt (Revolver)	$	660
Associated Spring, LLC	First Lien Debt (Delayed Draw)		1,276
Boca Home Care Holdings, Inc.	First Lien Debt (Revolver)		1,065
Clevertech Bidco, LLC	First Lien Debt (Revolver)		182
Honor HN Buyer Inc.	First Lien Debt (Revolver)		104
Honor HN Buyer Inc.	First Lien Debt (Delayed Draw)		600
I Love Produce, LLC	First Lien Debt (Revolver)		34
I Love Produce, LLC	First Lien Debt (Delayed Draw)		152
Integrated Energy Services, LLC	First Lien Debt (Delayed Draw)		300
Integrated Energy Services, LLC	First Lien Debt (Revolver)		150
Medrina LLC	First Lien Debt (Revolver)		319
PSB Group, LLC	First Lien Debt (Revolver)		653
SS Acquisition, LLC	First Lien Debt (Revolver)		1,286
SSJA Bariatric Management LLC	First Lien Debt (Delayed Draw)		157
Tolemar Acquisition, Inc.	First Lien Debt (Revolver)		875
Total		$	7,813

In accordance with ASC 820, the Company considers undrawn amounts in the determination of fair value on its revolving lines of credit and delayed draw term loans. As of March 31, 2026, the Company had cash and cash equivalents of $3,258 and an unused commitment of $6,250 under its Banc of California Credit Facility and $35,300 under its Natixis Facility, each of which is subject to the terms of the borrowing base and other covenants, to fund these outstanding commitments to portfolio companies.

The following table shows the Company’s outstanding commitments to fund investments to portfolio companies as of December 31, 2025:


Portfolio Company	Investment Type	Commitment
12 Interactive, LLC (D/B/A PerkSpot)	First Lien Debt (Revolver)	$	660
Associated Spring, LLC	First Lien Debt (Delayed Draw)		1,483
Avison Young Inc.	First Lien Debt (Delayed Draw)		34
Boca Home Care Holdings, Inc.	First Lien Debt (Revolver)		1,065
Clevertech Bidco, LLC	First Lien Debt (Revolver)		182
Envocore Holding, LLC (F/K/A LRI Holding, LLC)	First Lien Debt (Revolver)		2,569
Honor HN Buyer Inc.	First Lien Debt (Revolver)		328
Honor HN Buyer Inc.	First Lien Debt (Delayed Draw)		3,062
Integrated Energy Services, LLC	First Lien Debt (Delayed Draw)		300
Integrated Energy Services, LLC	First Lien Debt (Revolver)		150
Medrina LLC	First Lien Debt (Revolver)		319
PSB Group, LLC	First Lien Debt (Revolver)		653
SS Acquisition, LLC	First Lien Debt (Revolver)		1,286
SSJA Bariatric Management LLC	First Lien Debt (Delayed Draw)		157
Tolemar Acquisition, Inc.	First Lien Debt (Revolver)		978
Total		$	13,226

Legal and regulatory proceedings: From time to time, the Company is involved in legal proceedings in the normal course of its business. Although the outcome of such litigation cannot be predicted with any certainty, management is of the opinion, based on the advice of legal counsel, that final disposition of any litigation should not have a material adverse effect on the financial position of the Company as of March 31, 2026.

Additionally, the Company is subject to periodic inspection by regulators to assess compliance with applicable BDC regulations.

Indemnifications: In the normal course of business, the Company enters into contracts and agreements that contain a variety of representations and warranties that provide for general indemnification. The Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred. The Company believes the risk of any material obligation under these indemnifications to be low.

Related Party Transactions - Schedule Of Related Party Transactions (Parenthetical) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2025 USD ($)
Related Party Transactions [Abstract]
Reduction in base management fee	$ 267

Borrowings - SBA Debentures Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Debt Instrument [Line Items]
Debt outstanding	$ 202,450
Loss on extinguishment of debt	$ 130	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Borrowings - Natixis Facility Narrative (Details) - USD ($) $ in Thousands	Feb. 18, 2026	Mar. 31, 2026	Dec. 31, 2025	Aug. 08, 2025	Jul. 23, 2025	Mar. 31, 2025	Nov. 01, 2021	Feb. 10, 2021
Debt Instrument [Line Items]
Assets		$ 315,681	$ 346,706
Unused Borrowing Capacity Amount		$ 35,300
Stated Interest Rate		6.05%
Natixis Facility [Member]
Debt Instrument [Line Items]
Principal		$ 44,700
Natixis Facility [Member] \| OFSCC-FS
Debt Instrument [Line Items]
Principal		114,679
Assets		2,619	2,443
Unsecured Notes Due February 2026
Debt Instrument [Line Items]
Principal		$ 0						$ 125,000
Stated Interest Rate								4.75%
Unsecured Notes Due July 2028
Debt Instrument [Line Items]
Principal					$ 69,000
Stated Interest Rate					7.50%
Unsecured Notes Due October 2028
Debt Instrument [Line Items]
Principal							$ 55,000
Stated Interest Rate		4.95%
Unsecured Note Due August 2029
Debt Instrument [Line Items]
Principal				$ 25,000
Stated Interest Rate				8.00%
Unsecured Notes
Debt Instrument [Line Items]
Principal		$ 149,000				$ 165,000
Unamortized Debt Issuance Costs		$ 2,554	$ 2,812
Unsecured Notes \| Natixis Facility [Member]
Debt Instrument [Line Items]
Principal	$ 80,000
Basis spread on variable interest rate	2.35%
Unused Capacity Percentage	0.40%
Arranger fees	0.20%

Borrowings - Average Dollar Borrowings and Weighted Average Effective Interest Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Debt Disclosure [Abstract]
Average Dollar Borrowings	$ 214,953	$ 248,690
Weighted-Average Effective Interest Rate	7.34%	6.29%

Fair Value of Financial Instruments - Narrative (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Line of Credit \| BNP Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Borrowing capacity	$ 80,000

Fair Value of Financial Instruments - Investment Portfolio Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

$ 308,120

^[1],[2]

$ 342,015

^[3],[4]

Debt investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

156,582

179,814

Equity investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

102,894

100,596

Structured Finance Securities

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

48,644

61,605

Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 1 | Debt investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 1 | Equity investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 1 | Structured Finance Securities

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

12,774

14,809

Level 2 | Debt investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

12,774

14,809

Level 2 | Equity investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 2 | Structured Finance Securities

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

Level 3

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

295,346

327,206

Level 3 | Debt investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

143,808

165,005

Level 3 | Equity investments

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

102,894

100,596

Level 3 | Structured Finance Securities

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Investments, at fair value

$ 48,644

$ 61,605

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.

- Definition

Fair value of investment in security owned.

+ References

+ Details

Borrowings - Unsecured Notes Interest Expense and Average Outstanding Balance (Details) - USD ($) $ in Thousands		3 Months Ended
	Jan. 08, 2026	Mar. 31, 2026	Mar. 31, 2025
Debt Instrument [Line Items]
Amortization of debt issuance costs		$ 365	$ 371
Cash paid for interest expense		$ 3,773	$ 4,997
Effective interest rate		7.34%	6.29%
Average outstanding balance		$ 214,953	$ 248,690
Unsecured Notes
Debt Instrument [Line Items]
Cash paid for interest expense	$ 378
Unsecured Notes
Debt Instrument [Line Items]
Stated interest expense		2,555	2,165
Amortization of debt issuance costs		258	245
Total interest and debt financing costs		2,813	2,410
Cash paid for interest expense		$ 2,852	$ 3,648
Effective interest rate		7.32%	5.35%
Average outstanding balance		$ 155,933	$ 180,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

Borrowings - BNP Facility Narrative (Details) - USD ($) $ in Thousands		3 Months Ended
	Feb. 18, 2026	Mar. 31, 2026	Mar. 31, 2025	Dec. 31, 2025
Line of Credit Facility [Line Items]
Loss on extinguishment of debt		$ (130)	$ 0
Outstanding debt		53,450		$ 55,450
Assets		315,681		346,706
BNP Facility \| Line of Credit
Line of Credit Facility [Line Items]
Borrowing capacity		80,000
Revolving Credit Facility \| BNP Facility \| OFSCC-FS
Line of Credit Facility [Line Items]
Borrowing capacity		$ 80,000
Interest rate floor		(2.65%)
Loss on extinguishment of debt	$ 89
Outstanding debt		$ 0		$ 50,950

Federal Income Tax - Cost of Investments and Associated Gross Unrealized Appreciation (Depreciation) (Details) - USD ($)
$ in Thousands

Mar. 31, 2026

Dec. 31, 2025

Income Tax Disclosure [Abstract]

Fair value of investments

$ 308,120

^[1],[2]

$ 342,015

^[3],[4]

[1]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[2]	Unless otherwise noted in footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.
[3]	Equity ownership may be held in shares or units of companies affiliated with the portfolio company. The Company’s investments are generally classified as “restricted securities” as such term is defined under Regulation S-X Rule 6-03(f) or Securities Act Rule 144.
[4]	Unless otherwise noted with footnote 14, fair value was determined using significant unobservable inputs for all of the Company’s investments and are considered Level 3 under GAAP. See Note 5 for further details.

- Definition

Fair value of investment in security owned.

+ References

+ Details

Capital Transactions (Tables)

3 Months Ended

Mar. 31, 2026

Equity [Abstract]

Schedule of Distributions Declared

The following table summarizes distributions declared and paid for the three months ended March 31, 2026 and 2025:


Date Declared	Record Date	Payment Date	Amount Per Share		Cash Distribution
Three Months Ended March 31, 2026
February 26, 2026	March 20, 2026	March 31, 2026	$	0.17	$	2,278	(1)
Total			$	0.17	$	2,278

Three Months Ended March 31, 2025
February 26, 2025	March 21, 2025	March 31, 2025	$	0.34	$	4,555	(1)
Total			$	0.34	$	4,555

(1)


	Number of Shares Purchased		Average Price Paid Per Share		Total Amount Paid
Three Months Ended March 31, 2026
January 1, 2026 through March 31, 2026		5,271	$	3.39	$	18

Three Months Ended March 31, 2025
January 1, 2025 through March 31, 2025		8,570	$	9.35	$	80

Borrowings - Banc of California Credit Facility Interest Expense and Average Outstanding Balance (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Line of Credit Facility [Line Items]

Amortization of debt issuance costs

$ 365

$ 371

Cash paid for interest expense

3,773

4,997

Revolving Credit Facility

Line of Credit Facility [Line Items]

Stated interest expense

^[1]

437

1,264

Amortization of debt issuance costs

Total interest and debt financing costs

474

1,359

Cash paid for interest expense

$ 752

$ 1,291

Effective interest rate

7.12%

8.39%

Average outstanding balance

$ 27,004

$ 65,701

Revolving Credit Facility | Banc of California Credit Facility

Line of Credit Facility [Line Items]

Stated interest expense

134

Amortization of debt issuance costs

Total interest and debt financing costs

163

Cash paid for interest expense

$ 136

$ 58

Effective interest rate

8.65%

12.13%

Average outstanding balance

$ 7,642

$ 2,989

[1]	(1) For the three months ended March 31, 2025, stated interest expense includes unused fees.

Borrowings - BNP Facility Interest Expense and Average Outstanding Balance (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Line of Credit Facility [Line Items]

Amortization of debt issuance costs

$ 365

$ 371

Cash paid for interest expense

3,773

4,997

Revolving Credit Facility

Line of Credit Facility [Line Items]

Stated interest expense

^[1]

437

1,264

Amortization of debt issuance costs

Total interest and debt financing costs

474

1,359

Cash paid for interest expense

$ 752

$ 1,291

Effective interest rate

7.12%

8.39%

Average outstanding balance

$ 27,004

$ 65,701

[1]	(1) For the three months ended March 31, 2025, stated interest expense includes unused fees.

Investments

3 Months Ended

Mar. 31, 2026

Schedule of Investments [Abstract]

Investments

Note 4. Investments


			Percentage of Total								Percentage of Total
	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
First lien debt investments(1)	$	171,353		57.6	%		156.8	%	$	152,713		49.5	%		139.6	%
Second lien debt investments		18,340		6.2	%		16.8	%		3,869		1.3	%		3.5	%
Preferred equity		14,699		5.0	%		13.4	%		12,726		4.1	%		11.6	%
Common equity, warrants and other(2)		18,598		6.3	%		17.0	%		90,168		29.3	%		82.5	%
Total debt and equity investments	$	222,989		75.1	%		204.0	%	$	259,476		84.2	%		237.2	%
Structured Finance Securities		73,793		24.9	%		67.5	%		48,644		15.8	%		44.6	%
Total investments	$	296,782		100.0	%		271.5	%	$	308,120		100.0	%		281.8	%

(1)

(2)

Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.


	March 31, 2026				December 31, 2025
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
United States	$	218,101	$	256,964	$	245,902	$	278,274
Canada(1)		4,888		2,512		4,865		2,136
Cayman Islands(1)(2)		69,268		43,997		73,360		57,112
Jersey(1)(2)		4,525		4,647		4,273		4,493
Total investments	$	296,782	$	308,120	$	328,400	$	342,015

(1)

Represents non-qualifying assets under Section 55(a) of the 1940 Act.

(2)

As of March 31, 2026, the industry composition of the Company’s investment portfolio was as follows:


			Percentage of Total								Percentage of Total
Industry	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
Administrative and Support and Waste Management and Remediation Services	$	11,210		3.8	%		10.3	%	$	10,983		3.6	%		10.0	%
Construction		1,510		0.4	%		1.4	%		1,001		0.3	%		0.9	%
Education Services		17,853		6.0	%		16.3	%		18,047		5.9	%		16.5	%
Finance and Insurance		3,191		1.1	%		2.9	%		3,063		1.0	%		2.8	%
Health Care and Social Assistance		63,406		21.4	%		58.0	%		40,787		13.2	%		37.3	%
Information		23,632		8.0	%		21.6	%		19,602		6.5	%		17.9	%
Management of Companies and Enterprises		12,533		4.2	%		11.5	%		10,916		3.5	%		10.0	%
Manufacturing		21,976		7.4	%		20.1	%		96,542		31.3	%		88.3	%
Other Services (except Public Administration)		494		0.2	%		0.5	%		490		0.2	%		0.4	%
Professional, Scientific, and Technical Services		19,828		6.7	%		18.1	%		19,872		6.4	%		18.2	%
Public Administration		703		0.2	%		0.6	%		37		0.0	%		0.0	%
Real Estate and Rental and Leasing		26,139		8.8	%		23.9	%		22,887		7.4	%		20.9	%
Retail Trade		8,981		3.0	%		8.2	%		8,077		2.6	%		7.4	%
Wholesale Trade		11,534		3.9	%		10.6	%		7,174		2.3	%		6.6	%
Total debt and equity investments	$	222,989		75.1	%		204.0	%	$	259,476		84.2	%		237.2	%
Structured Finance Securities		73,793		24.9	%		67.5	%		48,644		15.8	%		44.6	%
Total investments	$	296,782		100.0	%		271.5	%	$	308,120		100.0	%		281.8	%


			Percentage of Total								Percentage of Total
	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
First lien debt investments(1)	$	188,236		57.3	%		152.8	%	$	170,405		49.8	%		138.4	%
Second lien debt investments		24,924		7.6	%		20.2	%		9,409		2.8	%		7.6	%
Preferred equity		14,287		4.4	%		11.6	%		12,567		3.7	%		10.2	%
Common equity, warrants and other(2)		23,320		7.1	%		18.9	%		88,029		25.7	%		71.6	%
Total debt and equity investments	$	250,767		76.4	%		203.5	%	$	280,410		82.0	%		227.8	%
Structured Finance Securities		77,633		23.6	%		63.0	%		61,605		18.0	%		49.8	%
Total investments	$	328,400		100.0	%		266.5	%	$	342,015		100.0	%		277.6	%

(1)

(2)

Includes the Company’s investment in Pfanstiehl Holdings, Inc. See “Note 4—Portfolio Concentration” for additional information.

As of December 31, 2025, the industry compositions of the Company’s debt and equity investments were as follows:


			Percentage of Total								Percentage of Total
Industry	Amortized Cost		Amortized Cost			Net Assets			Fair Value		Fair Value			Net Assets
Administrative and Support and Waste Management and Remediation Services	$	11,234		3.4	%		9.1	%	$	11,006		3.2	%		8.9	%
Construction		18,986		5.8	%		15.4	%		9,644		2.8	%		7.8	%
Education Services		17,891		5.4	%		14.5	%		18,023		5.3	%		14.6	%
Finance and Insurance		3,193		1.0	%		2.6	%		3,068		0.9	%		2.5	%
Health Care and Social Assistance		68,571		20.9	%		55.7	%		48,653		14.3	%		39.6	%
Information		23,651		7.2	%		19.2	%		18,136		5.3	%		14.7	%
Management of Companies and Enterprises		12,562		3.8	%		10.2	%		11,419		3.3	%		9.3	%
Manufacturing		22,336		6.8	%		18.1	%		97,061		28.4	%		78.8	%
Other Services (except Public Administration)		1,493		0.5	%		1.2	%		1,498		0.4	%		1.2	%
Professional, Scientific, and Technical Services		19,384		5.9	%		15.7	%		19,451		5.7	%		15.8	%
Public Administration		703		0.2	%		0.6	%		33		0.0	%		0.0	%
Real Estate and Rental and Leasing		25,720		7.8	%		20.9	%		22,507		6.6	%		18.4	%
Retail Trade		13,355		4.1	%		10.8	%		11,895		3.5	%		9.7	%
Wholesale Trade		11,688		3.6	%		9.5	%		8,016		2.3	%		6.5	%
Total debt and equity investments	$	250,767		76.4	%		203.5	%	$	280,410		82.0	%		227.8	%
Structured Finance Securities		77,633		23.6	%		63.0	%		61,605		18.0	%		49.8	%
Total investments	$	328,400		100.0	%		266.5	%	$	342,015		100.0	%		277.6	%

Non-Accrual Loans: Management reviews, for placement on non-accrual status, all loans and CLO mezzanine debt investments that become past due on principal and interest, and/or when there is reasonable doubt that principal or interest will be collected. When a loan is placed on non-accrual status, accrued and unpaid cash interest is reversed. PIK income that has been contractually capitalized to the principal balance of the investment prior to the non-accrual designation date is not reserved against interest or dividend income, but rather is assessed through the valuation of the investment with corresponding adjustments to unrealized appreciation/depreciation, as applicable. Additionally, Net Loan Fees are no longer recognized as of the date the loan is placed on non-accrual status. Depending upon management’s judgment, interest payments subsequently received on non-accrual investments may be recognized as interest income or applied as a reduction to amortized cost. Interest accruals and Net Loan Fee amortization are resumed on non-accrual investments only when they are brought current with respect to principal and interest payments or until a restructuring occurs and, in the judgment of management, it is probable that the Company will collect all principal and interest from the investment. For the three months ended March 31, 2026, a loan to a portfolio company with an amortized cost and fair value of $1,499 and $982, respectively, was placed on non-accrual status. Additionally, during the three months ended March 31, 2026, the Company received net proceeds of $2,300 for the partial recovery of a second lien debt investment, with an amortized cost and fair value of $6,584 and $2,382, respectively, that was previously on non-accrual status, resulting in a realized loss of $4,284. The aggregate amortized cost and fair value of loans on non-accrual status as of March 31, 2026 was $31,468 and $10,897, respectively, and as of December 31, 2025 was $36,567 and $14,400, respectively.

Portfolio Concentration: The following table presents the Company’s portfolio companies based on fair value that comprise greater than 10% of the Company’s total net assets as of March 31, 2026:


							Percentage of Total
Portfolio Company	Investment Type	Industry	Amortized Cost		Fair Value		Fair Value			Net Assets
Pfanstiehl Holdings, Inc.	Common Equity	Manufacturing	$	217	$	80,430		26.1	%		73.6	%
Kreg LLC	First Lien Debt	Health Care and Social Assistance		18,390		17,984		5.8			16.5
SS Acquisition, LLC(1)	First Lien Debt	Education Services		17,183		17,420		5.7			16.0
Inergex Holdings, LLC	First Lien Debt	Professional, Scientific, and Technical Services		17,351		17,387		5.6			15.9
Contract Datascan Holdings, Inc.	Preferred and Common Equity	Real Estate and Rental and Leasing		13,019		12,030		3.9			11.0
Total			$	66,160	$	145,251		47.1	%		133.0	%

(1)

As of March 31, 2026, the Company had an outstanding commitment of $1,286 to fund the portfolio company’s undrawn revolver facility.

As of March 31, 2026, approximately 4.4% and 12.5% of the Company’s total portfolio at fair value and net assets, respectively, were comprised of Structured Finance Securities managed by a single adviser.

A deterioration in the operating performance of these portfolio investments, or other factors underlying the valuation of these investments, could have a material impact on the Company’s NAV.

- Definition

The entire disclosure for investments owned by investment company.

+ References + Details

Consolidated Statements of Operations (unaudited) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2026

Mar. 31, 2025

Investment income

Interest income:

$ 7,411

$ 9,580

Payment-in-kind interest and dividend income:

587

675

Dividend income:

885

Total investment income

8,904

10,295

Expenses

Interest expense

3,889

3,858

Base management fees

^[1]

1,435

1,549

Income Incentive Fee

408

330

Professional fees

363

436

Administration fees

326

394

Other expenses

239

263

Total expenses before base management fee waiver

6,660

6,830

Base management fee waiver (see Note 3)

(220)

Total expenses, net of base management fee waiver

6,440

6,830

Net investment income

2,464

3,465

Net realized and unrealized gain (loss) on investments

Net realized (loss) gain

(11,301)

(2,587)

Deferred tax expense on net unrealized appreciation

(344)

Net gain (loss) on investments

(13,922)

(10,752)

Loss on extinguishment of debt

(130)

Net increase (decrease) in net assets resulting from operations

$ (11,588)

$ (7,287)

Net investment income per common share - basic (in usd per share)

^[2]

$ 0.18

$ 0.26

Net investment income per common share - diluted (in usd per share)

0.18

0.26

Net increase (decrease) in net assets resulting from operations per common share - basic (in usd per share)

(0.86)

(0.54)

Net increase (decrease) in net assets resulting from operations per common share - diluted (in usd per share)

(0.86)

(0.54)

Distributions declared per common share (in usd per share)

$ 0.17

$ 0.34

Basic weighted-average common shares outstanding (in shares)

13,398,078

Diluted weighted-average common shares outstanding (in shares)

13,398,078

Non-control/non-affiliate investments

Investment income

Interest income:

$ 7,398

$ 9,580

Payment-in-kind interest and dividend income:

388

Dividend income:

Fee income:

Net realized and unrealized gain (loss) on investments

Net realized (loss) gain

(11,301)

(2,587)

Net unrealized appreciation (depreciation) on investments

(3,715)

(7,920)

Affiliate investments

Investment income

Interest income:

Payment-in-kind interest and dividend income:

500

287

Dividend income:

874

Net realized and unrealized gain (loss) on investments

Net unrealized appreciation (depreciation) on investments

$ 1,438

$ (344)

[1]	For the three months ended March 31, 2025, the Company’s base management fee on OFSCC-FS Assets was reduced by $267, pursuant to the fee reduction agreed to by OFS Advisor on such assets for the year ended December 31, 2025. The base management fee for the three months ended March 31, 2025 is presented net of this fee reduction.
[2]	Calculated on the average share method.

Fair Value of Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2026

Fair Value Disclosures [Abstract]

Schedule of Investment Portfolio Measured at Fair Value on a Recurring Basis

The following tables present the Company’s investment portfolio measured at fair value on a recurring basis as of March 31, 2026 and December 31, 2025:


Security	Level 1		Level 2		Level 3		Fair Value as of March 31, 2026
Debt investments	$	—	$	12,774	$	143,808	$	156,582
Equity investments		—		—		102,894		102,894
Structured Finance Securities		—		—		48,644		48,644
	$	—	$	12,774	$	295,346	$	308,120


Security	Level 1		Level 2		Level 3		Fair Value as of December 31, 2025
Debt investments	$	—	$	14,809	$	165,005	$	179,814
Equity investments		—		—		100,596		100,596
Structured Finance Securities		—		—		61,605		61,605
	$	—	$	14,809	$	327,206	$	342,015

Schedule of the Company's Unobservable Inputs to its Level 3 Fair Value Measurements


	Fair Value at March 31, 2026		Valuation technique	Unobservable inputs	Range (Weighted average)(1)
Debt investments:
First lien	$	114,453	Discounted cash flow	Discount rates	8.60% - 37.50% (13.39%)
		22,861	Market approach	EBITDA multiples	3.00x - 7.75x (5.86x)
		2,625	Market approach	Transaction Price
Second lien		2,031	Discounted cash flow	Discount rates	23.90% - 23.90% (23.90%)
		45	Market approach	EBITDA multiples	6.25x - 6.25x (6.25x)
		1,793	Market approach	Revenue multiples	0.88x - 0.88x (0.88x)

Structured Finance Securities(2):
Subordinated notes		42,129	Discounted cash flow	Discount rates	16.50% - 40.00% (23.32%)
				Constant default rate	2.00% - 3.00% (2.11%)
				Recovery rate	65.00% - 65.00% (65.00%)
		130	Market approach	Net asset value liquidation(3)
Mezzanine debt		6,385	Discounted cash flow	Discount margin	14.00% - 15.50% (14.97%)
				Constant default rate	2.00% - 2.00% (2.00%)
				Recovery rate	65.00% - 65.00% (65.00%)

Equity investments:
Preferred equity		12,392	Market approach	EBITDA multiples	7.50x - 8.00x (7.99x)
		334	Market Approach	Revenue multiples	0.50x - 0.50x (0.50x)
Common equity, warrants and other		90,168	Market approach	EBITDA multiples	5.00x - 13.75x (11.90x)
	$	295,346

(1)

Weighted average is calculated based on the fair value of investments.

(2)

(3)

NAV liquidation represents the fair value, or estimated expected residual value, of the investment.


	Fair Value at December 31, 2025		Valuation technique	Unobservable inputs	Range (Weighted average)(1)
Debt investments:
First lien	$	115,014	Discounted cash flow	Discount rates	8.61% - 37.50% (12.77%)
		21,925	Market approach	EBITDA multiples	3.00x - 8.00x (6.11x)
		8,225	Market approach	Revenue multiples	0.35x - 0.50x (0.35x)
		10,432	Market approach	Transaction Price
Second lien		2,500	Discounted cash flow	Discount rates	13.70% - 13.70% (13.70%)
		448	Market approach	EBITDA multiples	9.00x - 9.00x (9.00x)
		6,461	Market approach	Revenue multiples	0.35x - 0.90x (0.70x)

Structured Finance Securities:
Subordinated notes(2)		53,368	Discounted cash flow	Discount rates	13.00% - 27.50% (18.73%)
				Constant default rate	2.00% - 3.00% (2.08%)
				Recovery rate	65.00% - 65.00% (65.00%)
Mezzanine debt(2)		8,074	Discounted cash flow	Discount margin	9.10% - 10.70% (9.62%)
				Constant default rate	2.00% - 2.00% (2.00%)
				Recovery rate	65.00% - 65.00% (65.00%)
Subordinated notes		163	Market approach	Net asset value liquidation(3)

Equity investments:
Preferred equity		12,448	Market approach	EBITDA multiples	7.25x - 8.50x (8.46x)
		119	Market approach	Revenue multiples	0.50x - 0.50x (0.50x)
Common equity, warrants and other		88,029	Market approach	EBITDA multiples	6.00x - 14.75x (12.33x)
Common equity, warrants and other		—	Market approach	Revenue multiples	0.35x - 0.50x (0.44x)
	$	327,206

(1)

Weighted average is calculated based on the fair value of investments.

(2)

(3)

NAV liquidation represents the fair value, or estimated expected residual value, of the investment.

Schedule of Significant Level 3 Inputs

The following tables present changes in investments measured at fair value using Level 3 inputs for the three months ended March 31, 2026 and 2025:


	Three Months Ended March 31, 2026
	First Lien Debt Investments			Second Lien Debt Investments			Preferred Equity			Common Equity, Warrants and Other			Structured Finance Securities			Total
Level 3 assets, December 31, 2025	$	155,596		$	9,409		$	12,567		$	88,029		$	61,605		$	327,206
Net realized loss on investments		(1,060	)		(4,356	)		—			(4,723	)		(1,222	)		(11,361	)
Net unrealized appreciation (depreciation) on investments		(330	)		1,044			(253	)		6,862			(9,122	)		(1,799	)
Amortization of Net Loan Fees		95			—			—			—			3			98
Accretion of interest income on Structured Finance Securities		—			—			—			—			2,492			2,492
Capitalized PIK interest and dividends		175			—			412			—			—			587
Amendment fees received		(17	)		—			—			—			—			(17	)
Purchase and origination of portfolio investments		1,614			—			—			—			—			1,614
Proceeds from principal payments on portfolio investments		(6,687	)		(2,228	)		—			—			—			(8,915	)
Sale and redemption of portfolio investments		(9,447	)		—			—			—			(2,634	)		(12,081	)
Proceeds from distributions received from portfolio investments		—			—			—			—			(2,478	)		(2,478	)
Level 3 assets, March 31, 2026	$	139,939		$	3,869		$	12,726		$	90,168		$	48,644		$	295,346


	Three Months Ended March 31, 2025
	First Lien Debt Investments			Second Lien Debt Investments			Preferred Equity			Common Equity, Warrants and Other		Structured Finance Securities			Total
Level 3 assets, December 31, 2024	$	168,037		$	34,331		$	12,248		$	96,337	$	76,875		$	387,828
Net realized loss on investments		—			—			—			—		(1,771	)		(1,771	)
Net unrealized appreciation (depreciation) on investments		(3,893	)		(3,080	)		(1,920	)		723		242			(7,928	)
Amortization of Net Loan Fees		116			28			—			—		32			176
Accretion of interest income on Structured Finance Securities		—			—			—			—		2,925			2,925
Capitalized PIK interest and dividends		120			268			287			—		—			675
Amendment fees received		(23	)		—			—			—		—			(23	)
Purchase and origination of portfolio investments		4,635			—			—			—		5,776			10,411
Proceeds from principal payments on portfolio investments		(3,238	)		—			—			—		—			(3,238	)
Sale and redemption of portfolio investments		—			—			—			—		(1,041	)		(1,041	)
Proceeds from distributions received from portfolio investments		—			—			—			—		(3,504	)		(3,504	)
Level 3 assets, March 31, 2025	$	165,754		$	31,547		$	10,615		$	97,060	$	79,534		$	384,510


	Three Months Ended March 31,
	2026			2025
Debt investments	$	(4,534	)	$	(6,969	)
Equity investments		1,888			(1,197	)
Structured Finance Securities		(9,427	)		(1,518	)
Net unrealized depreciation on investments held	$	(12,073	)	$	(9,684	)

Schedule of Carrying Values and Fair Values of Debt

The following table sets forth carrying values and fair values of the Company’s debt as of March 31, 2026 and December 31, 2025:


	March 31, 2026				December 31, 2025
Description	Carrying Value(1)		Fair Value		Carrying Value(1)		Fair Value
Banc of California Credit Facility	$	8,750	$	8,750	$	4,500	$	4,500
BNP Facility(2)		—		—		50,950		50,950
Natixis Facility		44,700		44,700		—		—
Unsecured Notes Due February 2026		—		—		15,988		15,961
Unsecured Notes Due July 2028		68,471		71,015		67,498		70,877
Unsecured Notes Due October 2028		53,643		52,558		54,420		52,118
Unsecured Note Due August 2029		24,332		24,908		24,282		25,333
Total debt	$	199,896	$	201,931	$	217,638	$	219,739

(1)

Carrying value is calculated as the outstanding principal amount less unamortized deferred debt issuance costs.

(2)

On February 18, 2026, in connection with the closing of the Natixis Facility, OFSCC-FS repaid in full all outstanding obligations due, and terminated all commitments, under the BNP Facility.


	March 31, 2026
Description	Level 1(1)		Level 2		Level 3(2)		Total
Banc of California Credit Facility	$	—	$	—	$	8,750	$	8,750
Natixis Facility		—		—		44,700		44,700
Unsecured Notes Due July 2028		71,015		—		—		71,015
Unsecured Notes Due October 2028		52,558		—		—		52,558
Unsecured Note Due August 2029		—		—		24,908		24,908
Total debt, at fair value	$	123,573	$	—	$	78,358	$	201,931


	December 31, 2025
Description	Level 1(1)		Level 2		Level 3(2)		Total
Banc of California Credit Facility	$	—	$	—	$	4,500	$	4,500
BNP Facility		—		—		50,950		50,950
Unsecured Notes Due February 2026		—		—		15,961		15,961
Unsecured Notes Due July 2028		70,877		—		—		70,877
Unsecured Notes Due October 2028		52,118		—		—		52,118
Unsecured Note Due August 2029		—		—		25,333		25,333
Total debt, at fair value	$	122,995	$	—	$	96,744	$	219,739

(1)

For Level 1 measurements, fair value is estimated by using the closing price of the security on The Nasdaq Global Select Market.

(2)

For Level 3 measurements, fair value is estimated through discounting remaining payments using current market rates for similar instruments at the measurement date through the legal maturity date.

- Definition

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

+ References + Details

Borrowings - Maturity (Details) $ in Thousands	Mar. 31, 2026 USD ($)
Debt Instrument [Line Items]
Total	$ 202,450
Less than 1 year	0
1 to 3 years	132,750
3 to 5 years	69,700
After 5 years	0
Banc of California Credit Facility
Debt Instrument [Line Items]
Total	8,750
Less than 1 year	0
1 to 3 years	8,750
3 to 5 years	0
After 5 years	0
Natixis Facility [Member]
Debt Instrument [Line Items]
Total	44,700
Less than 1 year	0
1 to 3 years	0
3 to 5 years	44,700
After 5 years	0
Unsecured Notes
Debt Instrument [Line Items]
Total	149,000
Less than 1 year	0
1 to 3 years	124,000
3 to 5 years	25,000
After 5 years	$ 0

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details