7Baggers

SLR Investment Corp
(NASDAQ:SLRC) 

SLRC stock logo

Solar Capital Ltd. is a business development company specializing in secured debt (first lien unitranche and second lien), subordinated (unsecured) debt, minority equity, and strategic income-oriented control equity investments in leveraged middle market companies. The fund invests in aerospace and ...

Sector: Financial Services
Industry: Asset Management
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• Market Cap:
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At a glance:
Bull Thesis:
Bear Thesis:
Main Competitors:
Moat:
Income Statements:
Quarterly
Annual
    Unit: USD2013-12-31 2013-09-30 2013-06-30 2013-03-31 2012-12-31 2012-09-30 2012-06-30 2012-03-31 2011-12-31 2010-12-31 
              
      investment income:
    		          
      interest and dividends:
    		          
      companies more than 25% owned
    		11,675,000 11,669,000 11,354,000 10,474,000 2,926,000 804,000 1,362,000 1,082,000   
      companies 5% to 25% owned
    		248,000 3,189,000 1,401,000 7,060,000 1,064,000 13,460,000 5,652,000 -2,159,000   
      companies less than 5% owned
    		23,442,000 28,128,000 26,390,000 28,563,000 147,519,000 -256,000 -19,635,000 -725,000   
      total investment income
    		35,365,000 42,986,000 39,145,000 46,097,000 41,465,000 40,646,000 34,833,000 36,309,000   
      expenses:
    		          
      management fees
    		5,780,000 6,613,000 7,267,000 7,134,000       
      performance-based incentive fees
    		4,633,000 5,407,000 4,814,000 6,380,000 3,607,750 5,565,000 3,591,000    
      interest and other credit facility expenses
    		3,654,000 6,755,000 4,819,000 4,823,000 -3,444,000 3,475,000 9,051,000 2,695,000   
      administrative services expense
    		1,289,000 1,196,000 1,529,000 727,000       
      other general and administrative expenses
    		1,067,000 1,387,000 1,460,000 1,514,000 520,000 2,011,000 995,000 1,009,000   
      total operating expenses
    		16,423,000 21,358,000 19,889,000 20,578,000 10,015,000 18,328,000 20,438,000 14,953,000   
      income tax expense
    		    -54,000 60,000 26,000 257,000   
      total expenses
    		15,456,250 21,358,000 19,889,000 20,578,000       
      net investment income
    		18,532,000 21,628,000 19,256,000 25,519,000 24,201,000 22,258,000 14,369,000 21,099,000   
      realized and unrealized gain on investments, foreign currencies and derivatives:
    		          
      net realized gain on investments:
    		          
      net realized gain on investments
    		-29,018,000 -15,543,000  700,000 -15,951,000 431,000 -20,322,000 10,277,000   
      net realized loss on foreign currencies and derivatives:
    		-103,500 -110,000  -11,000       
      total net realized loss before income taxes
    		-27,549,000 -15,653,000 -1,912,000        
      net realized gain
    		-4,219,000 -15,653,000  689,000 -2,408,250 356,000  9,166,000   
      net change in unrealized gain on investments
    		37,980,000 5,904,000 -18,263,000 8,568,000   19,286,000 18,834,000   
      net change in unrealized gain on foreign currencies and derivatives
    		-16,000 -1,309,000 906,000 1,030,000       
      net change in unrealized gain
    		37,964,000 4,595,000 -17,357,000 9,598,000 22,001,000 7,629,000  15,893,000   
      net realized and unrealized gain on investments, foreign currencies and derivatives
    		10,415,000 -11,058,000 -19,269,000 10,287,000       
      net increase in net assets resulting from operations
    		28,947,000 10,570,000 -13,000 35,806,000 23,298,000 30,243,000 16,062,000 46,158,000   
      earnings per share
    		0.65 0.24  0.81 0.59 0.82 0.44 1.26   
      net realized loss on investments
    		  -1,619,000        
      net realized gain on foreign currencies and derivatives:
    		  -293,000        
      net realized loss
    		  -1,912,000    -19,155,000    
      total net realized gain before income taxes
    		   689,000       
      other interest and dividend income
    		    22,357,000 26,382,000 27,819,000 35,227,000   
      investment advisory and management fees
    		    6,613,000 6,083,000 5,673,000 5,278,000   
      administrative services fees
    		    754,500 1,194,000 1,128,000    
      net investment income before income tax expense
    		    14,517,250 22,318,000 14,395,000 21,356,000   
      realized and unrealized gain on investments, derivatives and foreign currencies:
    		          
      net realized gain:
    		          
      investments:
    		          
      foreign currencies & derivatives
    		    -4,750 -860,000     
      net realized gain before income taxes
    		    -2,408,250 -429,000  9,951,000   
      net change in unrealized gain:
    		          
      investments
    		    11,247,250 6,869,000     
      net realized and unrealized gain on investments, derivatives and foreign currencies
    		    8,684,250 7,985,000 1,693,000 25,059,000   
      net realized loss:
    		          
      derivatives
    		      1,730,000 -944,000   
      foreign currencies
    		      -563,000    
      net realized loss before income taxes
    		      -19,155,000    
      total interest and dividends
    		       36,309,000   
      performance-based incentive fee
    		       5,275,000   
      administrative service fee
    		       696,000   
      foreign currency exchange
    		       618,000   
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2025-09-30 2025-06-30 2025-03-31 2023-12-31 
          
        selected balance sheet information for sslp:
      		    
        investments at fair value
      		187,210,000 184,110,000 165,633,000  
        cash and other assets
      		24,311,000 26,843,000 30,602,000  
        total assets
      		211,521,000 210,953,000 196,235,000  
        debt outstanding
      		111,306,000 111,181,000 95,154,000  
        distributions payable
      		2,684,000 1,892,000 3,395,000  
        interest payable and other credit facility related expenses
      		429,000 444,000 465,000  
        accrued expenses and other payables
      		383,000 356,000 345,000  
        total liabilities
      		114,802,000 113,873,000 99,359,000  
        members’ equity
      		96,719,000 97,080,000 96,876,000  
        total liabilities and members’ equity
      		211,521,000 210,953,000 196,235,000  
        selected income statement information for sslp:
      		    
        interest income
      		5,092,000 4,558,000 4,469,000  
        service fees*
      		116,000 109,000 105,000  
        interest and other credit facility expenses
      		2,263,000 2,248,000 2,242,000  
        other general and administrative expenses
      		57,000 61,000 71,000  
        total expenses
      		2,436,000 2,418,000 2,418,000  
        net investment income
      		2,656,000 2,140,000 2,051,000  
        realized gain on investments
      		21,000 14,000 323,000  
        net change in unrealized gain on investments
      		-353,000 -59,000 -285,000  
        net realized and unrealized gain on investments
      		-332,000 -45,000 38,000  
        net income
      		2,324,000 2,095,000 2,089,000  
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2019-06-30 2019-03-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 
                              
          cash flows from operating activities:
        		                      
          net increase in net assets resulting from operations
        		23,305,000 24,232,000 19,926,000 27,871,000 26,947,000 18,995,000 6,824,000 13,528,000 -15,646,000 1,463,000 13,371,000 18,567,000 21,510,000 18,617,000 19,631,000 24,832,000 18,130,000 19,790,000 20,048,000 17,163,000 18,783,000 17,158,000 
          adjustments to reconcile net increase in net assets resulting from operations to net cash from operating activities:
        		                      
          net realized (gain) loss on investments and cash equivalents
        		-1,323,000 -235,000 422,000     37,326,000 105,000 -30,000 127,000 -561,000 366,000  -104,000 534,000 -680,000 -190,000 -367,000 8,543,000 94,000 -573,000 
          net change in unrealized (gain) loss on investments
        		-356,000 -2,388,000 1,757,000 -3,884,000    -30,799,000 35,835,000 12,045,000 1,508,000 -2,487,000 -6,410,000 -6,128,000         
          deferred financing costs/market discount amortization
        		774,000 737,000 758,000                    
          net accretion of discount on investments
        		-1,745,000 -1,868,000 -1,604,000 -2,355,000 -3,465,000 -3,360,000 -2,490,000 -2,991,000 -3,229,000 -1,540,000 -1,561,000 -1,437,000 -1,654,000 -2,140,000         
          increase in operating assets:
        		                      
          purchase of investments
        		-276,941,000 -333,308,000 -193,471,000 -100,173,000 -187,424,000 -212,948,000 -155,976,000 -245,329,000 -93,452,000 -67,521,000 -230,659,000 -68,975,000 -98,715,000 -42,394,000 -80,156,000 -109,705,000 -189,643,000 -130,903,000 -153,103,000 -228,111,000 -22,036,000 -101,369,000 
          proceeds from disposition of investments
        		311,835,000 208,941,000 194,902,000 127,860,000 207,375,000 122,538,000 144,686,000 80,662,000 78,142,000 100,980,000 106,572,000 149,832,000 65,514,000 60,054,000 90,394,000 71,454,000 181,798,000 200,712,000 142,856,000 55,464,000 128,928,000 83,347,000 
          capitalization of payment-in-kind income
        		-1,904,000 -1,776,000 -1,713,000 -2,799,000 -2,730,000 -3,016,000 -3,190,000 -734,000 -327,000 -692,000             
          collections of payment-in-kind income
        		79,000 95,000 942,000 2,314,000 202,000   214,000 31,000 867,000             
          receivable for investments sold
        		-21,000 1,235,000 237,000 -11,000 -129,000 -281,000 -64,000 -191,000 -350,000 643,000 -43,000 795,000 -701,000 -479,000 25,943,000 -25,590,000 -21,092,000 64,000 1,324,000 -293,000 9,894,000 -3,924,000 
          interest receivable
        		-2,572,000 1,182,000 348,000 -1,097,000 -757,000 -564,000 -801,000 -1,072,000 -1,140,000 -723,000 879,000 356,000 -397,000 -430,000 1,910,000 -802,000 -2,428,000 964,000 666,000 -956,000 -643,000 2,181,000 
          dividends receivable
        		1,993,000 -377,000 -2,048,000 -24,000 -239,000 0 438,000 -899,000 -1,642,000 27,000 -9,000 498,000 -1,581,000 188,000 1,202,000 -852,000 3,027,000 1,537,000 704,000 -2,055,000 -1,000 -642,000 
          prepaid expenses and other assets
        		5,000 -25,000 -593,000 -322,000 94,000 -27,000 -191,000 41,000 0 -360,000 88,000 53,000 -181,000 101,000 57,000 -134,000 28,000 31,000 199,000 120,000 91,000 -368,000 
          increase in operating liabilities:
        		                      
          payable for investments and cash equivalents purchased
        		24,431,000 -98,170,000 49,564,000 -39,421,000 -643,000 -92,020,000 7,609,000 -79,960,000 -230,958,000 259,829,000 71,531,000 75,226,000 -29,997,000 5,313,000 -49,920,000 -1,868,000 -5,351,000 75,327,000 -4,873,000 -199,898,000 -60,402,000 150,086,000 
          management fee payable
        		217,000 247,000 -226,000 -145,000 173,000 172,000 -258,000 974,000 -300,000 -219,000 252,000 80,000 275,000 205,000 165,000 58,000 -14,000 -60,000 -900,000 184,000 -152,000 -151,000 
          performance-based incentive fee payable
        		14,000 -146,000 -397,000 42,000 108,000 114,000 -23,000 1,395,000 3,376,000 -1,864,000 -3,182,000 13,000 3,075,000 0 -8,000 3,000 -187,000 77,000 54,000 346,000 -100,000 -329,000 
          administrative services expense payable
        		1,456,000 -3,783,000 752,000 314,000 1,512,000 1,417,000 -739,000 337,000 436,000 -2,169,000 1,171,000 -14,000 -951,000 932,000 1,118,000 -2,393,000 403,000 1,368,000 -2,460,000 536,000 1,119,000 -2,852,000 
          interest payable
        		260,000 462,000 -1,796,000 -622,000 479,000 410,000 -1,416,000 -27,000 -952,000 3,570,000 3,040,000 -3,172,000 3,307,000 3,009,000 -692,000 693,000 3,551,000 -1,294,000 2,026,000 2,517,000 -2,186,000 1,834,000 
          other liabilities and accrued expenses
        		-509,000 89,000 381,000 -623,000 926,000 256,000 -615,000 -1,019,000 2,122,000 -503,000 7,000 -118,000 173,000 -651,000 -219,000 70,000 56,000 1,377,000 782,000 -396,000 105,000 -309,000 
          net cash from operating activities
        		78,998,000 -204,856,000 68,141,000 7,339,000 39,367,000 -163,982,000 9,503,000 -227,922,000 -225,054,000 304,230,000 -38,484,000 167,888,000 -48,081,000 36,407,000 3,544,000 -50,857,000 -11,846,000 168,345,000 6,823,000 -355,659,000 70,632,000 143,966,000 
          capital expenditures
        		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 
          free cash flows
        		78,998,000 -204,856,000 68,141,000 7,339,000 39,367,000 -163,982,000 9,503,000 -227,922,000 -225,054,000 304,230,000 -38,484,000 167,888,000 -48,081,000 36,407,000 3,544,000 -50,857,000 -11,846,000 168,345,000 6,823,000 -355,659,000 70,632,000 143,966,000 
          cash flows from financing activities:
        		                      
          cash distributions paid
        		-22,367,000 -22,368,000 -22,367,000 -22,367,000 -22,367,000 -29,824,000 -22,392,000 -22,456,000 -14,971,000 -34,654,000 -17,327,000 -17,327,000 -17,327,000 -17,327,000 -17,327,000 -17,327,000 -16,647,000 -17,327,000 -16,904,000 -16,904,000 -16,620,000 -16,899,000 
          proceeds from unsecured borrowings
        		124,280,000 0 49,820,000     0 -54,000 134,968,000             
          repayment of unsecured borrowings
        		0 0 -85,000,000  0 0 -75,000,000 0               
          proceeds from secured borrowings
        		134,582,000 252,000,000 244,474,000 104,997,000 267,695,000 234,000,000 166,000,000 405,488,000 280,979,000 57,425,000 258,000,000 53,000,000 146,000,000 0 78,179,000 296,400,000 125,269,000 140,000,000 130,700,000 228,000,000 126,700,000 97,500,000 
          repayment of secured borrowings
        		-293,823,000 -119,000,000 -202,334,000 -126,000,000 -289,500,000 -137,000,000 -62,000,000 -255,900,000 -102,100,000 -196,000,000 -260,260,000 -94,000,000 -112,000,000 0 -112,800,000 -176,800,000 -171,900,000 -211,900,000 -126,800,000 -53,000,000 -201,700,000 -212,700,000 
          net cash from financing activities
        		-57,328,000 110,632,000 -15,407,000 -43,370,000 -44,172,000 67,176,000 6,598,000 127,132,000 13,854,000 -38,261,000 30,751,000 -57,924,000 17,067,000 -17,049,000 -51,755,000 102,406,000 -2,079,000 -89,132,000 -12,912,000 158,123,000 -91,592,000 -32,072,000 
          net increase in cash and cash equivalents
        		  52,734,000 -36,031,000  -96,806,000 16,101,000 -100,790,000 -211,200,000 265,969,000 -7,733,000 109,964,000 -31,014,000 19,358,000 -48,211,000 51,549,000 -13,925,000 79,213,000 -6,089,000 -197,536,000 -20,960,000 111,894,000 
          cash and cash equivalents at beginning of period
        		0 0 414,271,000 344,154,000 0 0 428,333,000 0 0 322,935,000 0 0 388,776,000 0 0 207,216,000 0 0 150,789,000 0 0 312,046,000 
          cash and cash equivalents at end of period
        		21,670,000 -94,224,000 467,005,000 308,123,000 -4,805,000 -96,806,000 444,434,000 -100,790,000 -211,200,000 588,904,000 -7,733,000 109,964,000 357,762,000 19,358,000 -48,211,000 258,765,000 -13,925,000 79,213,000 144,700,000 -197,536,000 -20,960,000 423,940,000 
          supplemental disclosure of cash flow information:
        		                      
          cash paid for interest
        		17,650,000 15,543,000 16,878,000 18,810,000 19,395,000 17,432,000 16,702,000 12,811,000 11,304,000 4,758,000 4,087,000 10,318,000 3,922,000 3,501,000 7,793,000 6,635,000 1,970,000 7,386,000 3,883,000 2,831,000 7,143,000 3,835,000 
          non-cash purchase and disposition of investments
        		                      
          description
        		                      
          senior secured loans — 126.0%
        		                      
          first lien bank debt/senior secured loans
        		                      
          33across inc.
        		                      
          alkeme intermediary holdings, llc
        		                      
          all states ag parts, llc
        		                      
          baymark health services, inc.
        		                      
          bayside opco, llc
        		                      
          bayside parent, llc
        		                      
          bdg media, inc.
        		                      
          blazing star parent, llc
        		                      
          cc sag holdings corp.
        		                      
          clifford loan ventures, llc & clifford preferred ventures holdings llc
        		                      
          copper river seafoods, inc.
        		                      
          cvausa management, llc
        		                      
          deepintent, inc.
        		                      
          enhanced permanent capital, llc
        		                      
          eyesouth eye care holdco llc
        		                      
          fe advance, llc & sonic aca advance llc
        		                      
          fertility (itc) investment holdco, llc
        		                      
          human interest inc.
        		                      
          icims, inc.
        		                      
          infillion inc.
        		                      
          insight investments holdings, llc
        		                      
          kingsbridge holdings, llc
        		                      
          logix holding company, llc
        		                      
          luxury asset capital, llc
        		                      
          lyneer staffing solutions, llc
        		                      
          maxor acquisition, inc.
        		                      
          ns and associates llc
        		                      
          one touch direct, llc
        		                      
          ons mso, llc
        		                      
          pinnacle fertility, inc.
        		                      
          plastic management, llc
        		                      
          quantcast corporation
        		                      
          rqm+ corp.
        		                      
          sherwood management co., inc.
        		                      
          shoes for crews global, llc
        		                      
          sightly enterprises, inc.
        		                      
          slr healthcare abl
        		                      
          southern lifting and hoisting, llc
        		                      
          southern orthodontic partners management, llc
        		                      
          southern transport llc
        		                      
          spar marketing force, inc.
        		                      
          stella & chewy's, llc
        		                      
          net decrease in cash and cash equivalents
        		                      
          senior secured loans — 127.8%
        		                      
          streamland media holdings llc
        		                      
          sunmed group holdings, llc
        		                      
          senior secured loans — 112.8%
        		                      
          aegis toxicology sciences corporation
        		                      
          peter c. foy & associates insurance services, llc
        		                      
          rxsense holdings llc
        		                      
          net realized gain on investments and cash equivalents
        		   -135,000   -687,000                
          deferred financing costs/market discount
        		   549,000 526,000 511,000 524,000 622,000               
          repurchase of common stock
        		    0 0 -10,000                
          senior secured loans — 127.3%
        		                      
          atria wealth solutions, inc.
        		                      
          basic fun, inc.
        		                      
          brainjolt llc
        		                      
          crewline buyer, inc.
        		                      
          ens holdings iii corp. & es opco usa llc
        		                      
          foundation consumer brands, llc
        		                      
          gsm acquisition corp.
        		                      
          net realized loss on investments and cash equivalents
        		             278,000         
          cash acquired in the mergers
        		                      
          issuance of shares in connection with the mergers
        		                      
          net change in unrealized loss on investments
        		     4,317,000 15,872,000                
          cash acquired in merger
        		       0               
          issuance of shares in connection with the merger
        		       0               
          senior secured loans — 127.7%
        		                      
          all state ag parts, llc
        		                      
          american teleconferencing services, ltd.**
        		                      
          amerimark intermediate holdings, llc(14)**
        		                      
          apex services partners, llc
        		                      
          composite technology acquisition corp.
        		                      
          enverus holdings, inc.
        		                      
          erie construction mid-west, llc
        		                      
          higginbotham insurance agency, inc.
        		                      
          high street buyer, inc.
        		                      
          kaseya, inc.
        		                      
          kid distro holdings, llc
        		                      
          kore wireless group, inc.
        		                      
          maurices, incorporated
        		                      
          montefiore nyack hospital
        		                      
          nspc intermediate corp.
        		                      
          orthopedic care partners management, llc
        		                      
          pediatric home respiratory services, llc
        		                      
          phynet dermatology llc
        		                      
          pinnacle treatment centers, inc.
        		                      
          plastics management, llc
        		                      
          ppt management holdings, llc
        		                      
          rsc acquisition, inc.
        		                      
          scp eye care, llc
        		                      
          sho holding i corporation
        		                      
          spar marketing force, inc
        		                      
          stryten resources llc
        		                      
          tauc management, llc
        		                      
          tilley distribution, inc.
        		                      
          ultimate baked goods midco llc
        		                      
          united digestive mso parent, llc
        		                      
          urology management holdings, inc.
        		                      
          vessco midco holdings, llc
        		                      
          world insurance associates, llc
        		                      
          total first lien bank debt/senior secured loans
        		                      
          second lien asset-based senior secured loans
        		                      
          acres commercial mortgage, llc
        		                      
          second lien bank debt/senior secured loans
        		                      
          rd holdco, inc.**
        		                      
          deferred financing costs
        		         427,000 372,000 403,000 394,000 278,000 193,000 133,000 133,000 95,000 92,000 27,000 28,000 27,000 
          senior secured loans — 109.8%
        		                      
          amerimark intermediate holdings, llc
        		                      
          atria wealth solutions, inc
        		                      
          basic fun, inc
        		                      
          inszone mid, llc
        		                      
          ivy fertility services, llc
        		                      
          mmit holdings, llc
        		                      
          nac holdings corporation
        		                      
          rqm+ corp
        		                      
          stryten energy llc
        		                      
          usr parent, inc.
        		                      
          varilease finance, inc.
        		                      
          total second lien asset-based senior secured loans
        		                      
          phymed management llc **
        		                      
          rug doctor llc
        		                      
          total second lien bank debt/senior secured loans
        		                      
          first lien life science senior secured loans
        		                      
          alimera sciences, inc.
        		                      
          arcutis biotherapeutics, inc.
        		                      
          ardelyx, inc.
        		                      
          axcella health inc.
        		                      
          bridgebio pharma, inc.
        		                      
          centrexion therapeutics, inc.
        		                      
          cerapedics, inc.
        		                      
          delphinus medical technologies, inc.
        		                      
          glooko, inc.
        		                      
          neuronetics, inc.
        		                      
          omniguide holdings, inc.
        		                      
          rezolute, inc
        		                      
          rubius therapeutics, inc.
        		                      
          scpharmaceuticals, inc.
        		                      
          soc telemed, inc.
        		                      
          vapotherm, inc.
        		                      
          total first lien life science senior secured loans
        		                      
          total senior secured loans
        		                      
          net change in unrealized loss on debt
        		             1,500,000         
          proceeds from issuance of unsecured debt
        		                   0 0 100,000,000 
          senior secured loans — 105.4%
        		                      
          alteon health, llc
        		                      
          community brands parentco, llc
        		                      
          legility, llc
        		                      
          smile doctors llc
        		                      
          the children’s place, inc.
        		                      
          phymed management llc
        		                      
          apollo endosurgery, inc.
        		                      
          rezolute, inc.
        		                      
          capitalization of payment-in-kind interest
        		           -1,591,000 -1,737,000 -1,611,000 -438,000 -230,000 -45,000 -42,000 -49,000 -100,000 -61,000 -40,000 
          collections of payment-in-kind interest
        		           823,000 23,000 43,000 147,000 205,000 21,000 23,000 740,000 0 0 173,000 
          senior secured loans — 89.7%
        		                      
          american teleconferencing services, ltd.
        		                      
          sentry data systems, inc.
        		                      
          kindred biosciences, inc.
        		                      
          si-bone, inc.
        		                      
          senior secured loans — 98.1%
        		                      
          aviatorcap sii, llc
        		                      
          high street insurance partners, inc.
        		                      
          pet holdings ulc & pet supermarket, inc.
        		                      
          greystone select holdings llc & greystone & co., inc.
        		                      
          genmark diagnostics, inc.
        		                      
          pq bypass, inc.
        		                      
          other receivables
        		                      
          senior secured loans —87.9%
        		                      
          enhanced capital group, llc
        		                      
          pinnacle treatment centers, inc
        		                      
          sentry data systems, inc
        		                      
          soleo health holdings, inc
        		                      
          bishop lifting products, inc.
        		                      
          atyr pharma, inc.
        		                      
          cardiva medical, inc.
        		                      
          senior secured loans — 88.5%
        		                      
          altern marketing, llc
        		                      
          solara medical supplies, inc.
        		                      
          net change in unrealized gain on investments and cash equivalents
        		              -1,095,000 -6,902,000       
          senior secured loans — 92.4%
        		                      
          bank debt/senior secured loans
        		                      
          bam capital, llc
        		                      
          falmouth group holdings corp.
        		                      
          global holdings llc & payment concepts llc
        		                      
          ihs intermediate, inc.
        		                      
          on location events, llc & primesport holdings inc.
        		                      
          pskw, llc & pdr, llc
        		                      
          rs energy group u.s., inc.
        		                      
          soint, llc
        		                      
          other receivable
        		               -230,000 59,000   -332,000 -3,000 -1,000 
          senior secured loans — 92.0%
        		                      
          amerilife group, llc
        		                      
          associated pathologists, llc
        		                      
          net realized gain on foreign currencies
        		                      
          net change in unrealized (gain) loss on investments and cash equivalents
        		                966,000 -435,000 -824,000 -8,390,000 -2,798,000 -256,000 
          net change in unrealized loss on foreign currencies
        		                      
          effect of consolidation of senior secured unitranche loan program llc
        		                      
          consolidation of sslp facility and sslp ii facility
        		                      
          senior secured loans — 84.3%
        		                      
          datto, inc.
        		                      
          global tel*link corporation
        		                      
          k2 pure solutions nocal, l.p.
        		                      
          net realized (gain) loss on foreign currencies
        		                    0 1,000 
          senior secured loans — 69.8%
        		                      
          empower payments acquisition, inc.
        		                      
          mri software llc
        		                      
          radiology partners, inc.
        		                      
          salient partners, l.p.
        		                      
          southern auto finance company
        		                      
          the octave music group, inc.
        		                      
          total bank debt/senior secured loans
        		                      
          senior secured loans — 81.0%
        		                      
          accentcare, inc.
        		                      
          disa holdings acquisition subsidiary corp.
        		                      
          senior secured loans — 76.4%
        		                      
          american teleconferencing services, ltd. (pgi) (12).
        		                      
          argo turboserve corporation & argo tech, llc ††
        		                      
          aviatorcap sii, llc i
        		                      
          bishop lifting products, inc. (12).
        		                      
          datapipe, inc.
        		                      
          easyfinancial services, inc.
        		                      
          life science senior secured loans
        		                      
          achaogen, inc.
        		                      
          breathe technologies, inc.
        		                      
          cardiodx, inc.
        		                      
          cardiofocus, inc.
        		                      
          cas medical systems, inc.
        		                      
          cianna medical, inc.
        		                      
          clinical ink, inc.
        		                      
          conventus orthopaedics, inc. (12).
        		                      
          lumeris solutions company, llc
        		                      
          mitralign, inc.
        		                      
          nabsys 2.0 llc
        		                      
          rapid micro biosystems, inc.
        		                      
          scynexis, inc.
        		                      
          sentreheart, inc.
        		                      
          sunesis pharmaceuticals, inc.
        		                      
          trevi therapeutics, inc.
        		                      
          total life science senior secured loans
        		                      
          bank debt/senior secured loans — 79.1%
        		                      
          agamatrix, inc.
        		                      
          airxpanders, inc.
        		                      
          conventus orthopaedics, inc.
        		                      
          direct buy inc.(12)** ††
        		                      
          island medical management holdings, llc
        		                      
          tmk hawk parent, corp.
        		                      
          touchtunes interactive networks, inc.
        		                      
          net change in unrealized gain on foreign currencies
        		                      
          bank debt/senior secured loans — 87.8%
        		                      
          accentcare, inc
        		                      
          agamatrix, inc
        		                      
          argo turboserve corporation & argo tech, llc††
        		                      
          atyr pharma, inc
        		                      
          axcella health inc
        		                      
          breathe technologies, inc
        		                      
          cardiodx, inc
        		                      
          cardiofocus, inc
        		                      
          cardiva medical, inc
        		                      
          cas medical systems, inc
        		                      
          cianna medical, inc
        		                      
          clinical ink, inc
        		                      
          conventus orthopaedics, inc
        		                      
          datapipe, inc
        		                      
          direct buy inc.**††
        		                      
          disa holdings acquisition subsidiary corp
        		                      
          entegrion, inc
        		                      
          ihs intermediate, inc
        		                      
          inmar acquisition sub, inc
        		                      
          k2 pure solutions nocal, l.p
        		                      
          kore wireless group, inc
        		                      
          mitralign, inc
        		                      
          salient partners, l.p
        		                      
          scynexis, inc
        		                      
          sentreheart, inc
        		                      
          tierpoint, llc
        		                      
          touchtunes interactive networks, inc
        		                      
          trevi therapeutics, inc
        		                      
          u.s. anesthesia partners inc.
        		                      
          vapotherm, inc
        		                      
          varilease finance, inc
        		                      
          subordinated debt/corporate notes — 3.1%
        		                      
          alegeus technologies holdings corp
        		                      
          preferred equity — 1.6%
        		                      
          soagg llc
        		                      
          total preferred equity