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v3.23.1

Investments (Tables) | 3 Months Ended
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Mar. 31, 2023
Schedule of Investments [Abstract] |
Schedule of Investments | The composition of the Company’s investment portfolio at cost and fair value was as follows:
| March 31, 2023 |  | December 31, 2022
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Cost |  | Fair Value |  | % of Total Investments at Fair Value
First lien debt | $ | 9,508,358 |  |  | $ | 9,425,003 |  |  | 97.91 | % |  | $ | 9,497,570 |  |  | $ | 9,419,963 |  |  | 97.95 | %
Second lien debt | 49,200 |  |  | 46,678 |  |  | 0.48 |  |  | 48,753 |  |  | 46,336 |  |  | 0.48 |
Equity investments | 111,548 |  |  | 154,521 |  |  | 1.61 |  |  | 111,549 |  |  | 150,949 |  |  | 1.57 |
Total | $ | 9,669,106 |  |  | $ | 9,626,202 |  |  | 100.00 | % |  | $ | 9,657,872 |  |  | $ | 9,617,248 |  |  | 100.00 | %
The industry composition of investments at fair value was as follows:
| March 31, 2023 |  | December 31, 2022
Aerospace & Defense | 4.95 | % |  | 4.89 | %
Air Freight & Logistics | 4.67 |  |  | 4.68 |
Building Products | 3.41 |  |  | 3.47 |
Commercial Services & Supplies | 7.67 |  |  | 7.69 |
Construction & Engineering | 0.43 |  |  | 0.43 |
Containers & Packaging | 0.21 |  |  | 0.21 |
Distributors | 5.10 |  |  | 5.12 |
Diversified Consumer Services | 3.49 |  |  | 3.49 |
Diversified Financial Services | 1.35 |  |  | 1.36 |
Diversified Telecommunication Services | 1.34 |  |  | 1.13 |
Electrical Equipment | 1.68 |  |  | 1.70 |
Electronic Equipment, Instruments & Components | 1.08 |  |  | 1.10 |
Electric Utilities | 0.34 |  |  | 0.34 |
Energy Equipment & Services | 0.49 |  |  | 0.57 |
Health Care Equipment & Supplies | 0.59 |  |  | 0.58 |
Health Care Providers & Services | 11.78 |  |  | 11.66 |
Health Care Technology | 3.90 |  |  | 3.92 |
Industrial Conglomerates | 0.09 |  |  | 0.09 |
Insurance | 7.67 |  |  | 8.10 |
Internet & Direct Marketing Retail | 3.31 |  |  | 3.32 |
IT Services | 2.90 |  |  | 2.84 |
Machinery | 0.05 |  |  | 0.05 |
Marine | 0.26 |  |  | 0.26 |
Media | 0.07 |  |  | 0.07 |
Oil, Gas & Consumable Fuels | 1.19 |  |  | 1.18 |
Paper & Forest Products | 0.08 |  |  | 0.08 |
Pharmaceuticals | 0.02 |  |  | 0.02 |
Professional Services | 8.84 |  |  | 8.76 |
Real Estate Management & Development | 0.74 |  |  | 0.74 |
Road & Rail | 0.16 |  |  | 0.17 |
Software | 14.77 |  |  | 14.72 |
Specialty Retail | 1.77 |  |  | 1.77 |
Technology Hardware, Storage & Peripherals | 0.87 |  |  | 0.84 |
Trading Companies & Distributors | 1.02 |  |  | 1.01 |
Transportation Infrastructure | 3.71 |  |  | 3.64 |
Total | 100.00 | % |  | 100.00 | %
The geographic composition of investments at cost and fair value was as follows:
| March 31, 2023
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Fair Value as % of Net Assets
United States | $ | 8,983,241 |  |  | $ | 8,929,026 |  |  | 92.76 | % |  | 213.08 | %
Canada | 470,555 |  |  | 486,555 |  |  | 5.05 |  |  | 11.61 |
Europe | 215,310 |  |  | 210,621 |  |  | 2.19 |  |  | 5.03 |
Total | $ | 9,669,106 |  |  | $ | 9,626,202 |  |  | 100.00 | % |  | 229.72 | %
| December 31, 2022
| Cost |  | Fair Value |  | % of Total Investments at Fair Value |  | Fair Value as % of Net Assets
United States | $ | 8,934,926 |  |  | $ | 8,893,051 |  |  | 92.47 | % |  | 213.83 | %
Canada | 510,599 |  |  | 520,368 |  |  | 5.41 |  |  | 12.51 |
Europe | 212,347 |  |  | 203,829 |  |  | 2.12 |  |  | 4.90 |
Total | $ | 9,657,872 |  |  | $ | 9,617,248 |  |  | 100.00 | % |  | 231.24 | %

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