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Investments (Tables)

12 Months Ended

Dec. 31, 2023

Schedule of Investments [Abstract]

Schedule of Investments

At December 31, 2023, the Company’s investments consisted of the following:

Investment Cost and Fair Value by Type

			Cost						Fair Value
First lien			$	1,709,247					$	1,683,952
Second lien			472,930						424,513
Subordinated			100,236						90,948
Equity and other			755,795						811,909
Total investments			$	3,038,208					$	3,011,322

Investment Cost and Fair Value by Industry

			Cost						Fair Value
Software			$	815,065					$	809,401
Business Services			561,492						539,926
Healthcare			516,086						477,854
Investment Funds (includes investments in joint ventures)			252,400						252,400
Education			188,851						211,550
Consumer Services			192,796						192,501
Net Lease			95,782						118,407
Distribution & Logistics			118,212						110,721
Financial Services			104,330						105,138
Energy			61,108						65,170
Packaging			43,181						36,007
Specialty Chemicals & Materials			25,329						28,452
Business Products			22,630						22,628
Food & Beverage			20,370						22,055
Consumer Products			20,576						19,112
Total investments			$	3,038,208					$	3,011,322

At December 31, 2022, the Company's investments consisted of the following:

Investment Cost and Fair Value by Type

			Cost						Fair Value
First lien			$	1,816,091					$	1,753,967
Second lien			632,990						561,207
Subordinated			85,774						76,659
Equity and other			725,112						829,414
Total investments			$	3,259,967					$	3,221,247

Investment Cost and Fair Value by Industry

			Cost						Fair Value
Software			$	916,259					$	897,008
Business Services			661,079						592,868
Healthcare			586,311						548,383
Investment Funds (includes investments in joint ventures)			252,400						252,400
Education			200,117						239,301
Consumer Services			126,392						123,880
Net Lease			96,041						120,986
Distribution & Logistics			111,096						102,410
Financial Services			96,021						95,839
Energy			55,507						61,564
Specialty Chemicals & Materials			25,363						60,268
Information Technology			58,638						58,165
Packaging			43,124						40,547
Consumer Products			20,850						20,624
Business Products			10,769						7,004
Total investments			$	3,259,967					$	3,221,247

Schedule of Summarized Financial Information for Nonconsolidated Entities

Below is a summary of SLP III's portfolio, along with a listing of the individual investments in SLP III's portfolio as of December 31, 2023 and December 31, 2022 :

						December 31, 2023						December 31, 2022
First lien investments (1)						$	657,208					$	690,017
Weighted average interest rate on first lien investments (2)						9.79		%				8.51		%
Number of portfolio companies in SLP III						87						83
Largest portfolio company investment (1)						$	17,883					$	18,197
Total of five largest portfolio company investments (1)						$	79,458					$	85,948

(1)Reflects principal amount or par value of investment.

(2)Computed as the all in interest rate in effect on accruing investments divided by the total principal amount of investments.

The following table is a listing of the individual investments in SLP III's portfolio as of December 31, 2023:

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Funded Investments - First lien
ADMI Corp. (aka Aspen Dental)						Healthcare						SOFR(M)						3.75%						9.22%						12/2027						$	2,376					$	2,368					$	2,261
AG Parent Holdings, LLC						Healthcare						SOFR(Q)						5.00%						10.65%						07/2026						7,294						7,279						7,174
Aretec Group, Inc. (fka RCS Capital Corporation)						Financial Services						SOFR(M)						4.50%						9.96%						08/2030						6,626						6,480						6,634
Artera Services, LLC						Distribution & Logistics						SOFR(Q)						3.50%						8.95%						03/2025						5,273						5,259						4,968
Ascensus Group Holdings, Inc.						Business Services						SOFR(M)						3.50%						8.97%						08/2028						2,817						2,806						2,817
AssuredPartners, Inc						Insurance Services						SOFR(M)						3.75%						9.22%						02/2027						1,975						1,921						1,986
Aston FinCo S.a r.l.						Software						SOFR(M)						4.25%						9.72%						10/2026						5,775						5,749						4,929
athenahealth Group Inc.						Healthcare						SOFR(M)						3.25%						8.61%						02/2029						6,843						6,612						6,828
BCPE Empire Holdings, Inc.						Distribution & Logistics						SOFR(M)						4.75%						10.11%						12/2028						7,458						7,390						7,490
Bella Holding Company, LLC						Healthcare						SOFR(M)						3.75%						9.21%						05/2028						962						955						956
Boxer Parent Company Inc.						Software						SOFR(M)						4.25%						9.60%						12/2028						11,883						11,764						11,992
Bracket Intermediate Holding Corp.						Healthcare						SOFR(Q)						5.00%						10.45%						05/2028						14,253						13,870						14,280
Brown Group Holding, LLC						Distribution & Logistics						SOFR(Q)						3.75%						9.13%						07/2029						3,989						3,905						4,006
Cardinal Parent, Inc.						Software						SOFR(Q)						4.50%						10.00%						11/2027						9,821						9,646						9,048
CE Intermediate I, LLC						Software						SOFR(Q)						3.50%						9.02%						11/2028						10,810						10,754						10,729
CentralSquare Technologies, LLC						Software						SOFR(Q)						3.75%						9.25%						08/2025						14,250						14,240						13,817
CHA Holdings, Inc.						Business Services						SOFR(M)						4.50%						10.15%						04/2025						947						947						947
Cloudera, Inc.						Software						SOFR(M)						3.75%						9.21%						10/2028						5,692						5,553						5,654
CommerceHub, Inc.						Software						SOFR(Q)						4.00%						9.54%						12/2027						5,658						5,641						5,378
CommerceHub, Inc.						Software						SOFR(Q)						6.25%						11.79%						12/2027						3,960						3,548						3,960
Confluent Health, LLC						Healthcare						SOFR(M)						4.00%						9.47%						11/2028						10,962						10,919						10,771
Confluent Medical Technologies, Inc.						Healthcare						SOFR(Q)						3.75%						9.10%						02/2029						6,878						6,851						6,878
Convey Health Solutions, Inc.						Healthcare						SOFR(Q)						5.25%						10.74%						09/2026						12,838						12,559						11,483
Cornerstone OnDemand, Inc.						Software						SOFR(M)						3.75%						9.22%						10/2028						3,527						3,514						3,432
Covenant Surgical Partners, Inc.						Healthcare						SOFR(Q)						4.00%						9.38%						07/2026						9,583						9,545						7,539
Covenant Surgical Partners, Inc.						Healthcare						SOFR(Q)						4.00%						9.38%						07/2026						2,000						1,989						1,573
CRCI Longhorn Holdings, Inc.						Business Services						SOFR(M)						3.50%						8.96%						08/2025						14,213						14,194						14,261
CVET Midco 2, L.P.						Software						SOFR(Q)						5.00%						10.35%						10/2029						9,905						9,483						9,909
Dealer Tire Financial, LLC						Distribution & Logistics						SOFR(M)						4.50%						9.86%						12/2027						9,628						9,617						9,680
DG Investment Intermediate Holdings 2, Inc.						Business Services						SOFR(M)						3.75%						9.22%						03/2028						7,313						7,293						7,263
Discovery Purchaser Corporation						Specialty Chemicals & Materials						SOFR(Q)						4.38%						9.77%						10/2029						7,029						6,538						6,943
Dispatch Acquisition Holdings, LLC						Industrial Services						SOFR(Q)						4.25%						9.75%						03/2028						15,448						15,105						14,550
EAB Global, Inc.						Education						SOFR(M)						3.50%						8.97%						08/2028						3,960						3,929						3,958
Eagle Parent Corp.						Business Services						SOFR(Q)						4.25%						9.60%						04/2029						7,468						7,346						7,403
Eisner Advisory Group LLC						Financial Services						SOFR(M)						5.25%						10.72%						07/2028						2,190						2,113						2,195
eResearchTechnology, Inc.						Healthcare						SOFR(M)						4.50%						9.96%						02/2027						3,632						3,631						3,632
EyeCare Partners, LLC						Healthcare						SOFR(Q)						3.75%						9.39%						02/2027						12,210						12,202						6,114
Foundational Education Group, Inc.						Education						SOFR(Q)						4.25%						9.89%						08/2028						9,601						9,508						9,601
Groundworks, LLC						Consumer Services						SOFR(Q)						6.50%						11.90%						03/2030						1,432						1,395						1,419
Heartland Dental, LLC						Healthcare						SOFR(M)						5.00%						10.36%						04/2028						14,178						13,668						14,160
Help/Systems Holdings, Inc.						Software						SOFR(Q)						4.00%						9.48%						11/2026						17,883						17,795						17,048
Higginbotham Insurance Agency, Inc.						Business Services						SOFR(M)						5.50%						10.96%						11/2028						8,987						8,938						8,987
HighTower Holding, LLC						Financial Services						SOFR(Q)						4.00%						9.64%						04/2028						4,729						4,697						4,720
Houghton Mifflin Harcourt Company						Education						SOFR(M)						5.25%						10.71%						04/2029						8,151						7,898						8,009
Hub International Limited						Insurance Services						SOFR(Q)						4.25%						9.66%						06/2030						6,426						6,363						6,463
Hunter Holdco 3 Limited						Healthcare						SOFR(Q)						4.25%						9.70%						08/2028						3,000						2,978						2,998
Idera, Inc.						Software						SOFR(Q)						3.75%						9.28%						03/2028						15,642						15,633						15,584

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Kestra Advisor Services Holdings A, Inc.						Financial Services						SOFR(Q)						4.25%						9.70%						06/2026						$	11,811					$	11,778					$	11,841
LI Group Holdings, Inc.						Software						SOFR(M)						3.50%						8.97%						03/2028						3,749						3,743						3,763
LSCS Holdings, Inc.						Healthcare						SOFR(M)						4.50%						9.97%						12/2028						7,491						7,462						7,407
Marcel Bidco LLC (Marcel Bidco GmbH)						Software						SOFR(M)						4.50%						9.13%						11/2030						2,837						2,795						2,856
Maverick Bidco Inc.						Software						SOFR(Q)						3.75%						9.28%						05/2028						3,920						3,907						3,875
Maverick Bidco Inc.						Software						SOFR(Q)						4.25%						9.89%						05/2028						2,488						2,377						2,463
Maverick Bidco Inc.						Software						SOFR(Q)						5.00%						10.47%						05/2028						1,985						1,904						1,962
Mavis Tire Express Services Topco Corp.						Retail						SOFR(M)						4.00%						9.47%						05/2028						4,131						4,118						4,144
MED ParentCo, LP						Healthcare						SOFR(M)						4.25%						9.72%						08/2026						12,458						12,407						12,361
MH Sub I, LLC (Micro Holding Corp.)						Business Services						SOFR(M)						4.25%						9.61%						05/2028						3,558						3,479						3,505
Netsmart, Inc.						Healthcare						SOFR(M)						3.75%						9.22%						10/2027						3,900						3,900						3,913
Nielsen Consumer Inc.						Business Services						SOFR(M)						6.25%						11.61%						03/2028						14,925						13,402						14,639
OMNIA Partners, LLC						Business Services						SOFR(Q)						4.25%						9.63%						07/2030						5,919						5,862						5,960
Optiv Parent Inc.						Business Services						SOFR(Q)						5.25%						10.63%						07/2026						6,585						6,396						6,308
Osaic Holdings, Inc.						Financial Services						SOFR(M)						4.50%						9.86%						08/2028						9,650						9,559						9,693
Osmosis Buyer Limited						Food & Beverage						SOFR(M)						3.75%						9.09%						07/2028						2,494						2,457						2,499
Osmosis Buyer Limited						Food & Beverage						SOFR(M)						4.25%						9.60%						07/2028						2,405						2,333						2,418
Pearls (Netherlands) Bidco B.V.						Specialty Chemicals & Materials						SOFR(Q)						3.75%						9.13%						02/2029						1,710						1,707						1,698
Peraton Corp.						Federal Services						SOFR(M)						3.75%						9.21%						02/2028						4,147						4,133						4,161
Physician Partners, LLC						Healthcare						SOFR(Q)						4.00%						9.53%						12/2028						4,231						4,197						4,010
Planview Parent, Inc.						Software						SOFR(Q)						4.00%						9.61%						12/2027						10,721						10,528						10,669
Premise Health Holding Corp.						Healthcare						SOFR(Q)						3.75%						9.25%						07/2025						7,328						7,319						7,200
Project Alpha Intermediate Holding, Inc.						Software						SOFR(M)						4.75%						10.11%						10/2030						13,745						13,474						13,859
Project Ruby Ultimate Parent Corp.						Healthcare						SOFR(M)						5.75%						11.22%						03/2028						4,938						4,817						5,018
Project Ruby Ultimate Parent Corp.						Healthcare						SOFR(M)						3.25%						8.72%						03/2028						4,308						4,293						4,310
RealPage, Inc.						Software						SOFR(M)						3.00%						8.47%						04/2028						4,305						4,298						4,288
Renaissance Holding Corp.						Education						SOFR(M)						4.75%						10.11%						04/2030						6,612						6,429						6,644
RLG Holdings, LLC						Packaging						SOFR(M)						4.25%						9.72%						07/2028						5,727						5,707						5,403
RxB Holdings, Inc.						Healthcare						SOFR(M)						4.50%						9.97%						12/2027						6,339						6,247						6,327
RxB Holdings, Inc.						Healthcare						SOFR(M)						5.25%						10.61%						12/2027						3,669						3,586						3,669
Sierra Enterprises, LLC						Food & Beverage						SOFR(Q)						2.50% + 4.25% PIK						12.13%						05/2027						2,484						2,483						2,304
Snap One Holdings Corp.						Distribution & Logistics						SOFR(Q)						4.50%						10.00%						12/2028						6,556						6,506						6,425
Spring Education Group, Inc.						Education						SOFR(Q)						4.50%						9.85%						10/2030						12,349						12,198						12,390
Storable, Inc.						Software						SOFR(M)						3.50%						8.86%						04/2028						3,785						3,779						3,782
Symplr Software, Inc.						Healthcare						SOFR(Q)						4.50%						9.98%						12/2027						15,560						15,470						13,978
Syndigo LLC						Software						SOFR(M)						4.50%						9.97%						12/2027						14,588						14,519						14,588
Therapy Brands Holdings LLC						Software						SOFR(M)						4.00%						9.47%						05/2028						4,058						4,043						3,763
Thermostat Purchaser III, Inc.						Business Services						SOFR(Q)						4.50%						10.04%						08/2028						6,560						6,535						6,475
TMF Sapphire Bidco B.V.						Business Services						SOFR(Q)						5.00%						10.41%						05/2028						2,667						2,616						2,685
TRC Companies LLC						Business Services						SOFR(M)						3.75%						9.22%						12/2028						13,525						13,470						13,548
UKG Inc.						Software						SOFR(Q)						4.50%						9.99%						05/2026						4,975						4,880						5,004
USI, Inc.						Financial Services						SOFR(Q)						3.00%						8.35%						11/2029						2,446						2,403						2,456
Valcour Packaging, LLC						Packaging						SOFR(M)						3.75%						9.21%						10/2028						4,459						4,449						3,552
WatchGuard Technologies, Inc.						Software						SOFR(M)						5.25%						10.60%						07/2029						5,237						4,944						5,045
Waystar Technologies, Inc.						Healthcare						SOFR(M)						4.00%						9.47%						10/2026						3,983						3,978						4,003

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Wrench Group LLC						Consumer Services						SOFR(Q)						4.00%						9.61%						04/2026						$	7,743					$	7,732					$	7,772
Wrench Group LLC						Consumer Services						SOFR(Q)						4.50%						9.95%						04/2026						5,473						5,386						5,495
Zest Acquisition Corp.						Healthcare						SOFR(M)						5.50%						10.86%						02/2028						4,072						3,926						3,999
Total Funded Investments																																				$	656,081					$	646,319					$	636,554
Unfunded Investments - First lien
Groundworks, LLC						Consumer Services						—						—						—						09/2024						$	65					$	(1)					$	(1)
OMNIA Partners, LLC						Business Services						—						—						—						01/2024						556						(3)						4
Osmosis Buyer Limited						Food & Beverage						—						—						—						07/2028						506						—						3
Total Unfunded Investments																																				$	1,127					$	(4)					$	6
Total Investments																																				$	657,208					$	646,315					$	636,560

(1)All interest is payable in cash unless otherwise indicated. All of the variable rate debt investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (SOFR). For each investment, the current interest rate provided reflects the rate in effect as of December 31, 2023.

(2)Represents the fair value in accordance with Accounting Standards Codification Topic 820, Fair Value Measurement and Disclosures ("ASC 820"). The Company's board of directors does not determine the fair value of the investments held by SLP III.

The following table is a listing of the individual investments in SLP III's portfolio as of December 31, 2022:

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Funded Investments - First lien
ADMI Corp. (aka Aspen Dental)						Healthcare						L(M)						3.75%						8.13%						12/2027						$	2,400					$	2,391					$	2,194
Advisor Group Holdings, Inc.						Financial Services						L(M)						4.50%						8.88%						07/2026						9,700						9,672						9,512
AG Parent Holdings, LLC						Healthcare						L(M)						5.00%						9.38%						07/2026						12,125						12,092						11,769
Artera Services, LLC						Distribution & Logistics						L(Q)						3.50%						8.23%						03/2025						6,838						6,806						5,624
AssuredPartners, Inc.						Insurance Services						SOFR(M)						4.25%						8.57%						02/2027						1,995						1,926						1,985
Aston FinCo S.a.r.l. / Aston US Finco, LLC						Software						L(M)						4.25%						8.63%						10/2026						5,835						5,801						4,989
athenahealth Group Inc.						Healthcare						SOFR(M)						3.50%						7.82%						02/2029						6,912						6,644						6,258
BCPE Empire Holdings, Inc.						Distribution & Logistics						L(M)						4.00%						8.38%						06/2026						4,258						4,235						4,141
BCPE Empire Holdings, Inc.						Distribution & Logistics						SOFR(M)						4.63%						9.05%						06/2026						3,257						3,156						3,205
Bella Holding Company, LLC						Healthcare						L(M)						3.75%						8.13%						05/2028						2,238						2,220						2,123
Bluefin Holding, LLC						Software						L(Q)						5.75%						10.48%						09/2026						9,700						9,617						9,418
Bluefin Holding, LLC						Software						L(Q)						5.75%						10.48%						09/2026						2,562						2,530						2,488
Bracket Intermediate Holding Corp.						Healthcare						L(Q)						4.25%						7.99%						09/2025						14,362						14,333						13,689
Brave Parent Holdings, Inc.						Software						L(M)						4.00%						8.38%						04/2025						4,266						4,260						4,145
Brown Group Holding, LLC						Distribution & Logistics						SOFR(Q)						3.75%						7.91%						07/2029						7,045						6,875						7,033
Cano Health, LLC						Healthcare						SOFR(M)						4.00%						8.42%						11/2027						9,508						9,476						7,642
Cardinal Parent, Inc.						Software						L(Q)						4.50%						9.23%						11/2027						9,922						9,709						9,522
CE Intermediate I, LLC						Software						L(Q)						4.00%						8.59%						11/2028						10,920						10,854						10,388
CentralSquare Technologies, LLC						Software						L(Q)						3.75%						8.48%						08/2025						14,400						14,385						12,488
CHA Holdings, Inc.						Business Services						L(Q)						4.50%						9.23%						04/2025						957						957						945
CommerceHub, Inc.						Software						SOFR(S)						4.00%						8.78%						12/2027						5,717						5,695						5,274
Confluent Health, LLC						Healthcare						L(M)						4.00%						8.38%						11/2028						11,962						11,909						10,212
Confluent Health, LLC						Healthcare						L(M)						4.00%						8.38%						11/2028						1,499						1,492						1,280
Confluent Medical Technologies, Inc.						Healthcare						SOFR(Q)						3.75%						8.33%						02/2029						6,947						6,916						6,617
Convey Health Solutions, Inc.						Healthcare						SOFR(Q)						5.25%						9.93%						09/2026						12,967						12,598						12,578
Cornerstone OnDemand, Inc.						Software						L(M)						3.75%						8.13%						10/2028						4,511						4,492						4,049
Covenant Surgical Partners, Inc.						Healthcare						L(Q)						4.00%						8.41%						07/2026						2,000						1,984						1,710
Covenant Surgical Partners, Inc.						Healthcare						L(Q)						4.00%						8.41%						07/2026						9,680						9,628						8,276
CRCI Longhorn Holdings, Inc.						Business Services						L(M)						3.50%						7.77%						08/2025						14,363						14,333						13,597
CVET Midco 2, L.P.						Software						SOFR(Q)						5.00%						9.58%						10/2029						6,965						6,556						6,539
DG Investment Intermediate Holdings 2, Inc.						Business Services						SOFR(M)						3.75%						8.13%						03/2028						7,388						7,364						7,088
Dealer Tire Financial, LLC						Distribution & Logistics						SOFR(M)						4.50%						8.82%						12/2027						9,725						9,690						9,628
Discovery Purchaser Corporation						Specialty Chemicals & Materials						SOFR(Q)						4.38%						7.97%						10/2029						7,100						6,543						6,499
Dispatch Acquisition Holdings, LLC						Industrial Services						L(Q)						4.25%						8.98%						03/2028						15,606						15,196						13,265
Drilling Info Holdings, Inc.						Business Services						L(M)						4.25%						8.63%						07/2025						18,197						18,159						17,560
EAB Global, Inc.						Education						L(M)						3.50%						7.88%						08/2028						3,212						3,199						3,098
Energize Holdco LLC						Business Services						L(M)						3.75%						8.13%						12/2028						12,488						12,433						11,863
eResearchTechnology, Inc.						Healthcare						L(M)						4.50%						8.88%						02/2027						7,271						7,247						6,459
EyeCare Partners, LLC						Healthcare						L(Q)						3.75%						8.48%						02/2027						14,611						14,599						12,431
Foundational Education Group, Inc.						Education						SOFR(Q)						3.75%						8.59%						08/2028						9,405						9,326						8,840
Greenway Health, LLC						Healthcare						L(Q)						3.75%						8.48%						02/2024						14,219						14,221						9,971
Heartland Dental, LLC						Healthcare						L(M)						3.75%						8.13%						04/2025						18,160						18,126						16,847
Help/Systems Holdings, Inc.						Software						SOFR(Q)						4.00%						8.19%						11/2026						18,068						17,953						16,335
Higginbotham Insurance Agency, Inc.						Business Services						L(M)						5.25%						9.63%						11/2026						9,079						9,018						8,972
HighTower Holding, LLC						Financial Services						L(Q)						4.00%						8.28%						04/2028						4,778						4,739						4,402
Houghton Mifflin Harcourt Company						Education						SOFR(M)						5.25%						9.67%						04/2029						5,652						5,493						5,394
Idera, Inc.						Software						L(Q)						3.75%						7.50%						03/2028						15,803						15,792						14,944

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Kestra Advisor Services Holdings A, Inc.						Financial Services						L(Q)						4.25%						8.98%						06/2026						$	11,935					$	11,889					$	11,572
LI Group Holdings, Inc.						Software						L(M)						3.75%						8.13%						03/2028						4,573						4,565						4,493
LSCS Holdings, Inc.						Healthcare						L(M)						4.50%						8.88%						12/2028						7,567						7,534						7,236
Mamba Purchaser, Inc.						Healthcare						L(M)						3.50%						7.89%						10/2028						5,730						5,706						5,486
Maverick Bidco Inc.						Software						L(Q)						3.75%						8.16%						05/2028						3,960						3,945						3,763
Maverick Bidco Inc.						Software						SOFR(Q)						5.00%						9.28%						05/2028						2,000						1,905						1,901
Mavis Tire Express Services Topco Corp.						Retail						SOFR(M)						4.00%						8.50%						05/2028						4,174						4,157						3,993
MED ParentCo, LP						Healthcare						L(M)						4.25%						8.63%						08/2026						12,588						12,520						10,800
Mercury Borrower, Inc.						Business Services						L(Q)						3.50%						8.25%						08/2028						4,179						4,160						3,996
MH Sub I, LLC (Micro Holding Corp.)						Software						L(M)						3.75%						8.13%						09/2024						10,695						10,677						10,406
Mitnick Corporate Purchaser, Inc.						Software						SOFR(Q)						4.75%						8.94%						05/2029						4,655						4,633						4,373
National Intergovernmental Purchasing Alliance Company						Business Services						SOFR(Q)						3.50%						8.08%						05/2025						8,485						8,483						8,416
Navex Topco, Inc.						Software						L(M)						3.25%						7.64%						09/2025						10,887						10,841						10,811
Netsmart, Inc.						Healthcare						L(M)						4.00%						8.38%						10/2027						3,940						3,940						3,805
Outcomes Group Holdings, Inc.						Healthcare						L(Q)						3.25%						7.98%						10/2025						3,331						3,327						3,237
Pearls (Netherlands) Bidco B.V.						Specialty Chemicals & Materials						SOFR(Q)						3.75%						7.84%						02/2029						1,728						1,724						1,682
Peraton Corp.						Federal Services						L(M)						3.75%						8.13%						02/2028						7,235						7,206						7,082
PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC)						Consumer Services						L(M)						3.50%						7.88%						02/2025						4,573						4,570						4,321
Physician Partners, LLC						Healthcare						SOFR(M)						4.00%						8.42%						12/2028						5,627						5,575						5,383
Planview Parent, Inc.						Software						L(Q)						4.00%						8.73%						12/2027						10,832						10,598						10,109
Premise Health Holding Corp.						Healthcare						L(S)						3.75%						7.92%						07/2025						7,405						7,390						7,183
Project Ruby Ultimate Parent Corp.						Healthcare						L(M)						3.25%						7.63%						03/2028						4,352						4,335						4,124
Project Ruby Ultimate Parent Corp.						Healthcare						SOFR(M)						5.75%						10.07%						03/2028						4,988						4,844						4,838
RealPage, Inc.						Software						L(M)						3.00%						7.38%						04/2028						10,159						10,139						9,687
RLG Holdings, LLC						Packaging						L(M)						4.00%						8.38%						07/2028						5,785						5,761						5,462
Sierra Enterprises, LLC						Food & Beverage						L(Q)						4.00%						8.41%						11/2024						2,381						2,380						1,661
Snap One Holdings Corp.						Distribution & Logistics						L(M)						4.50%						8.88%						12/2028						6,622						6,564						6,093
Sovos Brands Intermediate, Inc.						Food & Beverage						L(Q)						3.50%						7.91%						06/2028						9,429						9,410						9,225
Spring Education Group, Inc. (fka SSH Group Holdings, Inc.)						Education						L(Q)						4.00%						8.73%						07/2025						11,933						11,921						11,692
Storable, Inc.						Software						SOFR(M)						3.50%						7.98%						04/2028						3,823						3,816						3,657
Symplr Software, Inc.						Healthcare						SOFR(Q)						4.50%						8.69%						12/2027						15,720						15,610						13,205
Syndigo LLC						Software						L(M)						4.50%						8.84%						12/2027						14,738						14,655						14,340
Therapy Brands Holdings LLC						Software						L(M)						4.00%						8.35%						05/2028						4,099						4,082						3,853
Thermostat Purchaser III, Inc.						Business Services						L(Q)						4.50%						9.23%						08/2028						6,003						5,978						5,800
USI, Inc. (fka Compass Investors Inc.)						Insurance Services						SOFR(Q)						3.75%						8.33%						11/2029						5,486						5,377						5,441
Valcour Packaging, LLC						Packaging						L(S)						3.75%						7.98%						10/2028						4,504						4,492						3,772
VT Topco, Inc.						Business Services						L(M)						3.75%						8.13%						08/2025						31						31						30
VT Topco, Inc.						Business Services						L(M)						3.50%						7.88%						08/2025						2,729						2,729						2,647
VT Topco, Inc.						Business Services						L(M)						3.75%						8.13%						08/2025						838						835						815
WatchGuard Technologies, Inc.						Software						SOFR(M)						5.25%						9.57%						07/2029						5,290						4,957						5,075
Waystar Technologies, Inc.						Healthcare						L(M)						4.00%						8.38%						10/2026						4,025						4,018						3,972
WP CityMD Bidco LLC						Healthcare						L(M)						3.25%						7.63%						12/2028						4,148						4,123						4,145
Wrench Group LLC						Consumer Services						L(Q)						4.00%						8.73%						04/2026						7,824						7,809						7,565
YI, LLC						Healthcare						L(M)						4.00%						8.38%						11/2024						9,490						9,487						9,174
Total Funded Investments																																				$	687,069					$	681,338					$	639,607

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Unfunded Investments - First lien
athenahealth Group Inc.						Healthcare						—						—						—						01/2024						$	847					$	(44)					$	(80)
Confluent Health, LLC						Healthcare						—						—						—						11/2023						1,139						(6)						(167)
Thermostat Purchaser III, Inc.						Business Services						—						—						—						08/2023						937						—						(32)
VT Topco, Inc.						Business Services						—						—						—						08/2023						25						—						(1)
Total Unfunded Investments																																				$	2,948					$	(50)					$	(280)
Total Investments																																				$	690,017					$	681,288					$	639,327

(1)All interest is payable in cash unless otherwise indicated. A majority of the variable rate debt investments bear interest at a rate that may be determined by reference to the LIBOR (L), the Prime Rate (P), Secured Overnight Financing Rate (SOFR) and the alternative base rate (Base). For each investment, the current interest rate provided reflects the rate in effect as of December 31, 2022.

(2)Represents the fair value in accordance with ASC 820. The Company's board of directors does not determine the fair value of the investments held by SLP III.

Below is certain summarized financial information for SLP III as of December 31, 2023 and December 31, 2022 and for the years ended December 31, 2023, December 31, 2022 and December 31, 2021:

Selected Balance Sheet Information:			December 31, 2023						December 31, 2022
Investments at fair value (cost of $646,315 and $681,288, respectively)			$	636,560					$	639,327
Cash and other assets			21,443						17,149
Total assets			$	658,003					$	656,476
Credit facility			$	453,200					$	512,100
Deferred financing costs (net of accumulated amortization of $5,650 and $4,840, respectively)			(943)						(1,695)
Payable for unsettled securities purchased			23,881						—
Distribution payable			6,672						5,688
Other liabilities			7,862						6,492
Total liabilities			490,672						522,585
Members' capital			$	167,331					$	133,891
Total liabilities and members' capital			$	658,003					$	656,476

			Year Ended December 31,
Selected Statement of Operations Information:			2023						2022						2021
Interest income			$	64,921					$	41,382					$	31,240
Other income			502						774						573
Total investment income			65,423						42,156						31,813
Interest and other financing expenses			35,336						19,274						10,624
Other expenses			1,143						863						804
Net expenses			36,479						20,137						11,428
Net investment income			28,944						22,019						20,385
Net realized (losses) gains on investments			(2,663)						(247)						572
Net change in unrealized appreciation (depreciation) of investments			32,206						(42,366)						6,360
Net increase (decrease) in members' capital			$	58,487					$	(20,594)					$	27,317

Below is a summary of SLP IV's consolidated portfolio, along with a listing of the individual investments in SLP IV's consolidated portfolio as of December 31, 2023 and December 31, 2022:

						December 31, 2023						December 31, 2022
First lien investments (1)						$	482,776					$	510,372
Weighted average interest rate on first lien investments (2)						9.81		%				8.54		%
Number of portfolio companies in SLP IV						78						74
Largest portfolio company investment (1)						$	17,400					$	21,982
Total of five largest portfolio company investments (1)						$	67,838					$	93,734

(1)Reflects principal amount or par value of investment.

(2)Computed as the all in interest rate in effect on accruing investments divided by the total principal amount of investments.

The following table is a listing of the individual investments in SLP IV's consolidated portfolio as of December 31, 2023:

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Funded Investments - First lien
ADG, LLC						Healthcare						SOFR(Q)						1.00% + 3.00%/PIK						9.54%						09/2026						$	17,400					$	17,394					$	14,967
ADMI Corp. (aka Aspen Dental)						Healthcare						SOFR(M)						3.75%						9.22%						12/2027						1,833						1,827						1,744
Aretec Group, Inc. (fka RCS Capital Corporation)						Financial Services						SOFR(M)						4.50%						9.96%						08/2030						4,804						4,700						4,810
Artera Services, LLC						Distribution & Logistics						SOFR(Q)						3.50%						8.95%						03/2025						4,068						4,057						3,832
Ascensus Group Holdings, Inc.						Business Services						SOFR(M)						3.50%						8.97%						08/2028						4,171						4,156						4,171
athenahealth Group Inc.						Healthcare						SOFR(M)						3.25%						8.61%						02/2029						2,373						2,364						2,368
Barracuda Parent, LLC						Software						SOFR(Q)						4.50%						9.88%						08/2029						4,950						4,824						4,851
Bayou Intermediate II, LLC						Healthcare						SOFR(Q)						4.50%						10.15%						08/2028						8,940						8,899						8,549
BCPE Empire Holdings, Inc.						Distribution & Logistics						SOFR(M)						4.75%						10.11%						12/2028						4,353						4,313						4,371
Bella Holding Company, LLC						Healthcare						SOFR(M)						3.75%						9.21%						05/2028						753						751						748
Bleriot US Bidco Inc.						Federal Services						SOFR(Q)						4.00%						9.61%						10/2028						3,900						3,882						3,921
Boxer Parent Company Inc.						Software						SOFR(M)						4.25%						9.60%						12/2028						8,987						8,897						9,070
Bracket Intermediate Holding Corp.						Healthcare						SOFR(Q)						5.00%						10.45%						05/2028						4,394						4,275						4,402
Brown Group Holding, LLC						Distribution & Logistics						SOFR(Q)						3.75%						9.13%						07/2029						5,370						5,255						5,393
CE Intermediate I, LLC						Software						SOFR(Q)						3.50%						9.02%						11/2028						8,095						8,052						8,035
CentralSquare Technologies, LLC						Software						SOFR(Q)						3.75%						9.25%						08/2025						14,250						14,240						13,817
CHA Holdings, Inc.						Business Services						SOFR(M)						4.50%						10.15%						04/2025						10,692						10,682						10,692
CHA Holdings, Inc.						Business Services						SOFR(M)						4.50%						9.97%						04/2025						1,963						1,961						1,963
Cloudera, Inc.						Software						SOFR(M)						3.75%						9.21%						10/2028						4,308						4,202						4,279
Confluent Health, LLC						Healthcare						SOFR(M)						4.00%						9.47%						11/2028						7,338						7,309						7,210
Confluent Medical Technologies, Inc.						Healthcare						SOFR(Q)						3.75%						9.10%						02/2029						6,878						6,851						6,877
Convey Health Solutions, Inc.						Healthcare						SOFR(Q)						5.25%						10.74%						09/2026						4,938						4,830						4,417
Cornerstone OnDemand, Inc.						Software						SOFR(M)						3.75%						9.22%						10/2028						2,519						2,510						2,452
CVET Midco 2, L.P.						Software						SOFR(Q)						5.00%						10.35%						10/2029						6,656						6,481						6,659
Dealer Tire Financial, LLC						Distribution & Logistics						SOFR(M)						4.50%						9.86%						12/2027						10,559						10,538						10,617
Discovery Purchaser Corporation						Specialty Chemicals & Materials						SOFR(Q)						4.38%						9.77%						10/2029						5,346						4,972						5,280
Dispatch Acquisition Holdings, LLC						Industrial Services						SOFR(Q)						4.25%						9.75%						03/2028						9,774						9,686						9,206
EAB Global, Inc.						Education						SOFR(M)						3.50%						8.97%						08/2028						4,369						4,340						4,367
Eagle Parent Corp.						Business Services						SOFR(Q)						4.25%						9.60%						04/2029						7,481						7,369						7,415
Eisner Advisory Group LLC						Financial Services						SOFR(M)						5.25%						10.72%						07/2028						1,689						1,630						1,694
eResearchTechnology, Inc.						Healthcare						SOFR(M)						4.50%						9.96%						02/2027						2,190						2,179						2,190
EyeCare Partners, LLC						Healthcare						SOFR(Q)						3.75%						9.39%						11/2028						9,825						9,807						4,932
Foundational Education Group, Inc.						Education						SOFR(Q)						4.25%						9.89%						08/2028						8,453						8,344						8,453
Geo Parent Corporation						Business Services						SOFR(S)						5.25%						10.80%						12/2028						9,634						9,479						9,634
Heartland Dental, LLC						Healthcare						SOFR(M)						5.00%						10.36%						04/2028						7,605						7,332						7,596
Help/Systems Holdings, Inc.						Software						SOFR(Q)						4.00%						9.48%						11/2026						9,707						9,687						9,254
Houghton Mifflin Harcourt Company						Education						SOFR(M)						5.25%						10.71%						04/2029						6,310						6,116						6,200
Hub International Limited						Insurance Services						SOFR(Q)						4.25%						9.66%						06/2030						2,754						2,728						2,770
Hunter Holdco 3 Limited						Healthcare						SOFR(Q)						4.25%						9.70%						08/2028						3,949						3,921						3,947
Idera, Inc.						Software						SOFR(Q)						3.75%						9.28%						03/2028						9,130						9,079						9,096
Kestra Advisor Services Holdings A, Inc.						Financial Services						SOFR(Q)						4.25%						9.70%						06/2026						5,374						5,344						5,387
LSCS Holdings, Inc.						Healthcare						SOFR(M)						4.50%						9.97%						12/2028						8,582						8,551						8,485
Mandolin Technology Intermediate Holdings, Inc.						Software						SOFR(Q)						3.75%						9.25%						07/2028						9,800						9,765						8,942
Marcel Bidco LLC (Marcel Bidco GmbH)						Software						SOFR(M)						4.50%						9.13%						11/2030						2,039						2,009						2,053
Maverick Bidco Inc.						Software						SOFR(Q)						3.75%						9.28%						05/2028						7,841						7,814						7,750

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Maverick Bidco Inc.						Software						SOFR(Q)						5.00%						10.47%						05/2028						$	1,985					$	1,904					$	1,962
Mavis Tire Express Services Topco Corp.						Retail						SOFR(M)						4.00%						9.47%						05/2028						8,263						8,235						8,288
MH Sub I, LLC (Micro Holding Corp.)						Business Services						SOFR(M)						4.25%						9.61%						05/2028						4,783						4,677						4,711
Netsmart, Inc.						Healthcare						SOFR(M)						3.75%						9.22%						10/2027						6,825						6,825						6,848
Nielsen Consumer Inc.						Business Services						SOFR(M)						6.25%						11.61%						03/2028						9,950						8,943						9,759
OEConnection LLC						Software						SOFR(M)						4.00%						9.46%						09/2026						4,039						4,020						4,037
OMNIA Partners, LLC						Business Services						SOFR(Q)						4.25%						9.63%						07/2030						4,566						4,523						4,598
Optiv Parent Inc.						Business Services						SOFR(Q)						5.25%						10.63%						07/2026						5,080						4,934						4,866
Osaic Holdings, Inc.						Financial Services						SOFR(M)						4.50%						9.86%						08/2028						11,518						11,410						11,569
Osmosis Buyer Limited						Food & Beverage						SOFR(M)						3.75%						9.09%						07/2028						2,494						2,457						2,499
Osmosis Buyer Limited						Food & Beverage						SOFR(M)						4.25%						9.60%						07/2028						1,726						1,674						1,735
Pearls (Netherlands) Bidco B.V.						Specialty Chemicals & Materials						SOFR(Q)						3.75%						9.13%						02/2029						1,319						1,317						1,310
Physician Partners, LLC						Healthcare						SOFR(Q)						4.00%						9.53%						12/2028						3,197						3,173						3,031
Premise Health Holding Corp.						Healthcare						SOFR(Q)						3.75%						9.25%						07/2025						1,926						1,923						1,892
Project Alpha Intermediate Holding, Inc.						Software						SOFR(M)						4.75%						10.11%						10/2030						9,880						9,684						9,962
RealPage, Inc.						Software						SOFR(M)						3.00%						8.47%						04/2028						1,371						1,368						1,366
Renaissance Holding Corp.						Education						SOFR(M)						4.75%						10.11%						04/2030						5,101						4,959						5,126
RxB Holdings, Inc.						Healthcare						SOFR(M)						4.50%						9.97%						12/2027						7,363						7,338						7,349
Sierra Enterprises, LLC						Food & Beverage						SOFR(Q)						2.50% + 4.25%/PIK						12.13%						05/2027						4,352						4,345						4,036
Snap One Holdings Corp.						Distribution & Logistics						SOFR(Q)						4.50%						10.00%						12/2028						8,498						8,433						8,328
Spring Education Group, Inc.						Education						SOFR(Q)						4.50%						9.85%						10/2030						9,526						9,408						9,558
STATS Intermediate Holdings, LLC						Business Services						SOFR(Q)						7.25%						12.88%						07/2026						2,271						2,203						2,271
Storable, Inc.						Software						SOFR(M)						3.50%						8.86%						04/2028						3,920						3,904						3,918
Symplr Software, Inc.						Healthcare						SOFR(Q)						4.50%						9.98%						12/2027						3,726						3,719						3,347
Syndigo LLC						Software						SOFR(M)						4.50%						9.97%						12/2027						9,660						9,648						9,660
Therapy Brands Holdings LLC						Software						SOFR(M)						4.00%						9.47%						05/2028						5,969						5,947						5,536
Thermostat Purchaser III, Inc.						Business Services						SOFR(Q)						4.50%						10.04%						08/2028						4,686						4,668						4,625
TRC Companies LLC						Business Services						SOFR(M)						3.75%						9.22%						12/2028						9,574						9,536						9,590
USIC Holdings, Inc.						Business Services						SOFR(Q)						3.50%						9.11%						05/2028						2,971						2,963						2,952
Valcour Packaging, LLC						Packaging						SOFR(M)						3.75%						9.21%						10/2028						3,244						3,236						2,584
VT Topco, Inc.						Business Services						SOFR(M)						4.25%						9.61%						08/2030						7,289						7,218						7,335
WatchGuard Technologies, Inc.						Software						SOFR(M)						5.25%						10.60%						07/2029						4,040						3,814						3,892
Wrench Group LLC						Consumer Services						SOFR(Q)						4.00%						9.61%						04/2026						9,371						9,337						9,406
Zest Acquisition Corp.						Healthcare						SOFR(M)						5.50%						10.86%						02/2028						3,142						3,039						3,085
Zone Climate Services, Inc.						Business Services						SOFR(Q)						5.25%						10.80%						03/2028						9,850						9,702						9,824
Zone Climate Services, Inc.						Business Services						SOFR(Q)						5.25%						10.80%						03/2028						2,165						2,133						2,160
Total Funded Investments																																				$	481,984					$	476,019					$	467,881
Unfunded Investments - First lien
OMNIA Partners, LLC						Business Services						—						—						—						01/2024						$	429					$	(2)					$	3
Osmosis Buyer Limited						Food & Beverage						—						—						—						07/2028						363						—						2
Total Unfunded Investments																																				$	792					$	(2)					$	5
Total Investments																																				$	482,776					$	476,017					$	467,886

(1)All interest is payable in cash unless otherwise indicated. All of the variable rate debt investments bear interest at a rate that may be determined by reference to the Secured Overnight Financing Rate (SOFR). For each investment, the current interest rate provided reflects the rate in effect as of December 31, 2023.

(2)Represents the fair value in accordance with ASC 820. The Company's board of directors does not determine the fair value of the investments held by SLP IV.

The following table is a listing of the individual investments in SLP IV's consolidated portfolio as of December 31, 2022:

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Funded Investments - First lien
ADG, LLC						Healthcare						L (M)						4.75% + 0.50%/PIK						9.69%						09/2023						$	16,335					$	16,315					$	15,674
ADMI Corp. (aka Aspen Dental)						Healthcare						L (M)						3.75%						8.13%						12/2027						1,852						1,844						1,693
Advisor Group Holdings, Inc.						Financial Services						L (M)						4.50%						8.88%						07/2026						11,577						11,513						11,353
Artera Services, LLC						Distribution & Logistics						L (Q)						3.50%						8.23%						03/2025						5,275						5,251						4,339
athenahealth Group Inc.						Healthcare						SOFR (M)						3.50%						7.82%						02/2029						2,397						2,387						2,171
Barracuda Parent, LLC						Software						SOFR (Q)						4.50%						8.59%						08/2029						5,000						4,856						4,822
Bayou Intermediate II, LLC						Healthcare						L (Q)						4.50%						8.96%						08/2028						8,607						8,571						8,305
Bella Holding Company, LLC						Healthcare						L (M)						3.75%						8.13%						05/2028						1,751						1,746						1,661
Bleriot US Bidco Inc.						Federal Services						L (Q)						4.00%						8.73%						10/2026						3,940						3,940						3,907
Bracket Intermediate Holding Corp.						Healthcare						L (Q)						4.25%						7.99%						09/2025						4,427						4,418						4,220
Brave Parent Holdings, Inc.						Software						L (M)						4.00%						8.38%						04/2025						2,345						2,342						2,278
Brown Group Holding, LLC						Distribution & Logistics						SOFR (Q)						3.75%						7.91%						07/2029						5,424						5,293						5,416
Cano Health, LLC						Healthcare						SOFR (M)						4.00%						8.42%						11/2027						7,478						7,473						6,011
CE Intermediate I, LLC						Software						L (Q)						4.00%						8.59%						11/2028						8,178						8,127						7,779
CentralSquare Technologies, LLC						Software						P (Q)						3.75%						8.48%						08/2025						14,400						14,385						12,488
Certara Holdco, Inc.						Healthcare						L (M)						3.50%						7.88%						08/2026						3,900						3,893						3,849
CHA Holdings, Inc.						Business Services						L (Q)						4.50%						9.23%						04/2025						1,984						1,979						1,960
CHA Holdings, Inc.						Business Services						L (Q)						4.50%						9.23%						04/2025						10,806						10,788						10,679
Confluent Health, LLC						Healthcare						L (M)						4.00%						8.68%						11/2028						999						991						853
Confluent Health, LLC						Healthcare						L (M)						4.00%						8.38%						11/2028						8,014						7,979						6,842
Confluent Medical Technologies, Inc.						Healthcare						SOFR (Q)						3.75%						8.33%						02/2029						6,948						6,916						6,617
Convey Health Solutions, Inc.						Healthcare						SOFR (Q)						5.25%						9.83%						09/2026						4,988						4,846						4,838
Cornerstone OnDemand, Inc.						Software						L (M)						3.75%						8.13%						10/2028						3,222						3,209						2,892
CVET Midco 2, L.P.						Software						SOFR (Q)						5.00%						9.58%						10/2029						2,687						2,529						2,522
Dealer Tire Financial, LLC						Distribution & Logistics						SOFR (M)						4.50%						8.82%						12/2027						10,666						10,640						10,559
Discovery Purchaser Corporation						Specialty Chemicals & Materials						SOFR (Q)						4.38%						7.97%						10/2029						5,400						4,976						4,943
Dispatch Acquisition Holdings, LLC						Industrial Services						L (Q)						4.25%						8.98%						03/2028						9,875						9,769						8,393
Drilling Info Holdings, Inc.						Business Services						L (M)						4.25%						8.63%						07/2025						20,288						20,251						19,578
EAB Global, Inc.						Education						L (M)						3.50%						7.88%						08/2028						6,422						6,395						6,193
Emerald 2 Limited						Business Services						L (Q)						3.25%						7.98%						07/2028						441						440						437
Energize Holdco LLC						Business Services						L (M)						3.75%						8.13%						12/2028						9,000						8,961						8,550
eResearchTechnology, Inc.						Healthcare						L (M)						4.50%						8.88%						02/2027						4,384						4,357						3,895
EyeCare Partners, LLC						Healthcare						L (Q)						3.75%						8.48%						11/2028						9,925						9,904						8,445
Foundational Education Group, Inc.						Education						SOFR (Q)						3.75%						8.59%						08/2028						6,435						6,381						6,048
Geo Parent Corporation						Business Services						SOFR (Q)						5.25%						9.44%						12/2025						9,709						9,499						9,470
Greenway Health, LLC						Healthcare						L (Q)						3.75%						8.48%						02/2024						20,729						20,710						14,536
Heartland Dental, LLC						Healthcare						L (M)						3.75%						8.13%						04/2025						3,535						3,529						3,280
Heartland Dental, LLC						Healthcare						L (M)						4.00%						8.39%						04/2025						6,206						6,186						5,785
Help/Systems Holdings, Inc.						Software						SOFR (Q)						4.00%						8.19%						11/2026						9,808						9,782						8,867
Houghton Mifflin Harcourt Company						Education						SOFR (M)						5.25%						9.67%						04/2029						4,037						3,926						3,854
Hunter Holdco 3 Limited						Healthcare						L (Q)						4.25%						8.98%						08/2028						3,949						3,916						3,886
Idera, Inc.						Software						L (Q)						3.75%						7.50%						03/2028						9,224						9,162						8,723
Kestra Advisor Services Holdings A, Inc.						Financial Services						L (Q)						4.25%						8.98%						06/2026						5,430						5,389						5,265
LSCS Holdings, Inc.						Healthcare						L (M)						4.50%						8.88%						12/2028						8,669						8,634						8,290
Mamba Purchaser, Inc.						Healthcare						L (M)						3.50%						7.89%						10/2028						4,092						4,075						3,919
Mandolin Technology Intermediate Holdings, Inc.						Software						L (Q)						3.75%						8.16%						07/2028						9,900						9,859						9,281
Maverick Bidco Inc.						Software						SOFR (Q)						5.00%						9.28%						05/2028						2,000						1,905						1,901
Maverick Bidco Inc.						Software						L (Q)						3.75%						8.16%						05/2028						7,921						7,889						7,527

Portfolio Company and Type of Investment						Industry						Reference						Spread						Interest Rate (1)						Maturity Date						Principal Amount or Par Value						Cost						Fair Value (2)
Mavis Tire Express Services Topco Corp.						Retail						SOFR (M)						4.00%						8.50%						05/2028						$	8,348					$	8,314					$	7,985
Mercury Borrower, Inc.						Business Services						L (Q)						3.50%						8.25%						08/2028						6,188						6,162						5,917
MH Sub I, LLC (Micro Holding Corp.)						Software						L (M)						3.75%						8.13%						09/2024						7,818						7,805						7,606
National Intergovernmental Purchasing Alliance Company						Business Services						SOFR (Q)						3.50%						8.08%						05/2025						1,319						1,320						1,308
Netsmart, Inc.						Healthcare						L (M)						4.00%						8.38%						10/2027						6,894						6,895						6,658
OEConnection LLC						Software						SOFR (M)						4.00%						8.42%						09/2026						4,081						4,056						3,899
Pearls (Netherlands) Bidco B.V.						Specialty Chemicals & Materials						SOFR (Q)						3.75%						7.84%						02/2029						1,333						1,330						1,298
PetVet Care Centers, LLC (fka Pearl Intermediate Parent LLC)						Consumer Services						L (M)						3.50%						7.88%						02/2025						7,975						7,962						7,537
Physician Partners, LLC						Healthcare						SOFR (M)						4.00%						8.42%						12/2028						4,252						4,214						4,068
Premise Health Holding Corp.						Healthcare						L (S)						3.75%						7.92%						07/2025						1,946						1,942						1,888
Project Boost Purchaser, LLC						Business Services						L (M)						3.50%						7.88%						05/2026						2,463						2,458						2,377
RealPage, Inc.						Software						L (M)						3.00%						7.38%						04/2028						3,628						3,617						3,460
RLG Holdings, LLC						Packaging						L (M)						4.00%						8.38%						07/2028						4,719						4,700						4,456
Sierra Enterprises, LLC						Food & Beverage						L (Q)						4.00%						8.41%						11/2024						4,172						4,164						2,910
Snap One Holdings Corp.						Distribution & Logistics						L (M)						4.50%						8.88%						12/2028						8,584						8,509						7,898
Sovos Brands Intermediate, Inc.						Food & Beverage						L (Q)						3.50%						7.91%						06/2028						8,290						8,273						8,110
STATS Intermediate Holdings, LLC						Business Services						SOFR (Q)						7.25%						11.52%						07/2026						2,294						2,204						2,202
Storable, Inc.						Software						SOFR (M)						3.50%						7.98%						04/2028						3,960						3,940						3,788
Symplr Software, Inc.						Healthcare						SOFR (Q)						4.50%						8.69%						12/2027						3,765						3,756						3,163
Syndigo LLC						Software						L (M)						4.50%						8.84%						12/2027						9,760						9,744						9,497
Therapy Brands Holdings LLC						Software						L (M)						4.00%						8.35%						05/2028						6,030						6,004						5,668
Thermostat Purchaser III, Inc.						Business Services						L (Q)						4.50%						9.23%						08/2028						4,288						4,270						4,143
USIC Holdings, Inc.						Business Services						L (M)						3.50%						7.88%						05/2028						3,801						3,788						3,638
Valcour Packaging, LLC						Packaging						L (S)						3.75%						7.98%						10/2028						3,276						3,268						2,744
Virtusa Corporation						Information Technology						SOFR (M)						3.75%						8.17%						02/2029						2,281						2,260						2,208
VT Topco, Inc.						Business Services						L (M)						3.75%						6.16%						08/2025						308						306						293
VT Topco, Inc.						Business Services						L (M)						3.75%						8.13%						08/2025						8,378						8,350						8,154
WatchGuard Technologies, Inc.						Software						SOFR (M)						5.25%						9.57%						07/2029						4,081						3,824						3,915
Wrench Group LLC						Consumer Services						L (Q)						4.00%						8.73%						04/2026						9,469						9,421						9,155
YI, LLC						Healthcare						L (M)						4.00%						8.38%						11/2024						21,982						21,975						21,251
Zone Climate Services, Inc.						Business Services						SOFR (S)						4.75%						8.62%						03/2028						9,950						9,773						9,791
Zone Climate Services, Inc.						Business Services						SOFR (S)						4.75%						8.64%						03/2028						2,187						2,149						2,152
Total Funded Investments																																				$	508,399					$	504,879					$	473,931
Unfunded Investments - First lien
athenahealth Group Inc.						Healthcare						—						—						—						01/2024						$	294					$	—					$	(28)
Confluent Health, LLC						Healthcare						—						—						—						11/2023						759						(4)						(111)
Thermostat Purchaser III, Inc.						Business Services						—						—						—						08/2023						669						—						(23)
VT Topco, Inc.						Business Services						—						—						—						08/2023						251						—						(7)
Total Unfunded Investments																																				$	1,973					$	(4)					$	(169)
Total Investments																																				$	510,372					$	504,875					$	473,762

(1)All interest is payable in cash unless otherwise indicated. A majority of the variable rate debt investments bear interest at a rate that may be determined by reference to the LIBOR (L), the Prime Rate (P), Secured Overnight Financing Rate (SOFR) and the alternative base rate (Base). For each investment, the current interest rate provided reflects the rate in effect as of December 31, 2022.

(2)Represents the fair value in accordance with ASC 820. The Company's board of directors does not determine the fair value of the investments held by SLP IV.

Below is certain summarized consolidated financial information for SLP IV as of December 31, 2023 and December 31, 2022 and for the year ended December 31, 2023, December 31, 2022 and for the period from May 5, 2021 through December 31, 2021:

Selected Consolidated Balance Sheet Information:			December 31, 2023						December 31, 2022
Investments at fair value (cost of $476,017 and $504,875, respectively)			$	467,886					$	473,762
Cash and other assets			16,227						12,853
Receivable from unsettled securities sold			1,445						—
Total assets			$	485,558					$	486,615
Credit facility			$	306,537					$	365,537
Deferred financing costs (net of accumulated amortization of $1,599 and $997, respectively)			(1,414)						(2,008)
Payable for unsettled securities purchased			31,322						—
Distribution payable			5,220						4,648
Other liabilities			6,676						5,410
Total liabilities			348,341						373,587
Members' capital			$	137,217					$	113,028
Total liabilities and members' capital			$	485,558					$	486,615

Selected Consolidated Statement of Operations Information:			Year Ended
			December 31, 2023						December 31, 2022						December 31, 2021(1)
Interest income			$	48,082					$	31,017					$	14,821
Other income			498						561						234
Total investment income			48,580						31,578						15,055
Interest and other financing expenses			24,860						13,580						4,163
Other expenses			958						757						773
Total expenses			25,818						14,337						4,936
Net investment income			22,762						17,241						10,119
Net realized (losses) gains on investments			(1,857)						(164)						183
Net change in unrealized appreciation (depreciation) of investments			22,982						(31,018)						5,033
Net increase (decrease) in members' capital			$	43,887					$	(13,941)					$	15,335

(1)Reflects the results of operations for the period from May 5, 2021 through December 31, 2021.

X

- Definition

Tabular disclosure of summarized financial information for nonconsolidated subsidiary of investment company. Excludes information consolidated by reporting entity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Subparagraph (a)(3)
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
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Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 946
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-Name Accounting Standards Codification
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