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Schedule of Investments (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Dec. 31, 2022
Investment, Identifier [Axis]: AYR Wellness INC. Senior Secured Notes Due12102024 Fixed Interest Rate 12.5% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets | [1] |  |  | 2.05% |
Investment, Identifier [Axis]: AYR Wellness Senior Secured Notes Due12/10/2024 Fixed Interest Rate 12.5% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Fixed interest rate | [2] |  |  | 12.50% |
Investment, Identifier [Axis]: Curaleaf Holdings, INC. Senior Secured Notes Due12152026 Fixed Interest Rate 8% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets | [1] | 4.47% |  | 4.46% |
Investment, Identifier [Axis]: Curaleaf Senior Secured Notes Due12/15/2026 Fixed Interest Rate 8% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Fixed interest rate | [2] | 8.00% |  | 8.00% |
Investment, Identifier [Axis]: Dreamfields Brands, Inc. Senior Secured First Lien Term Loan Due5/3/2026 Variable Interest Rate Prime Spread 8.75% PRIME Floor 7.5% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Basis spread on variable rate | [2] | 8.75% |  |  |
Floor rate | [2] | 7.50% |  |  |
Percentage of net assets | [1] | 4.68% |  |  |
Investment, Identifier [Axis]: Investments And Cash Equivalents |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets |  | 99.61% |  | 98.74% |
Investment, Identifier [Axis]: MariMed Inc. Senior Secured First Lien Term Loan Due 01/24/2023 Variable Interest Rate Prime Spread 5.75% Prime Floor 6.25% PIK 1.40% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets | [1] | 4.68% |  |  |
Investment, Identifier [Axis]: MariMed Inx. Senior Secured First Lien Term Loan Due 1/24/2026 Variable Interest Rate Prime Spread 5.75% Prime Floor 6.25% Paid-in-Kind 1.40% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Basis spread on variable rate | [2] | 5.75% |  |  |
Floor rate | [2] | 6.25% |  |  |
PIK Interest Rate | [2] | 1.40% |  |  |
Investment, Identifier [Axis]: Non Qualifying Assets |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets | [3] | 26.90% |  |  |
Aggregate fair value of securities | [3] | $ 24,608 |  |  |
Investment, Identifier [Axis]: PharmaCann, Inc. Senior Secured Loan Due 6/30/2025 Fixed interest rate 12% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Fixed interest rate | [2] | 12.00% |  | 12.00% |
Percentage of net assets | [1] | 4.34% |  | 4.59% |
Investment, Identifier [Axis]: STIIIZY Inc Senior Secured First Lien Term Loan Due5262026 Variable Interest Rate Prime Spread 8.5% Prime Floor 4.0% PIK 1.0% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Basis spread on variable rate | [2],[4] | 8.50% |  |  |
Floor rate | [2] | 4.00% |  |  |
Percentage of net assets | [1] | 23.01% |  |  |
PIK Interest Rate | [2] | 1.00% |  |  |
Investment, Identifier [Axis]: Shryne Group, Inc. Senior Secured First Lien Term Loan Due 5/26/2026 Variable Interest Rate Prime Spread 8.5% Prime Floor 4.0% |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Basis spread on variable rate | [2],[5] |  |  | 8.50% |
Floor rate | [2] |  |  | 4.00% |
Percentage of net assets | [1] |  |  | 23.44% |
Investment, Identifier [Axis]: State Street Institutional U.S. Government Money Market Fund |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets |  | 35.57% | [6] | 40.62% | [7]
Percentage of annualized seven-day yield |  | 5.03% | [6] | 4.12% | [7]
Annualized period of yield |  | 7 days | [6] | 7 days | [7]
Investment, Identifier [Axis]: Verano Holdings Corp Senior Secured First Lien Term Loan Due10302026 Variable Interest Rate Prime Spread65 Prime Floor625 |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Basis spread on variable rate | [2] | 6.50% | [4] | 6.50% | [5]
Floor rate | [2] | 6.25% |  | 6.25% |
Percentage of net assets | [1] | 22.86% |  | 23.58% |
Investment, Identifier [Axis]: Wholesale Trade Debt Securities |  |  |  |  |
Investments [Abstract] |  |  |  |  |
Percentage of net assets |  | 64.04% |  | 58.12% |
Prime rate |  | 8.25% | [4] | 7.50% | [5]
[1] | The Company uses the North American Industry Classification System (“NAICS”) code for classifying the industry grouping of its portfolio companies.
[2] | Interest rate is the fixed or variable rate of the debt investments.
[3] | Under the Investment Company Act of 1940, as amended (the “1940 Act”), a business development company (“BDC”) may not acquire any “non-qualifying asset” (i.e., an asset other than assets of the type listed in Section 55(a) of the 1940 Act, which are referred to as “qualifying assets”), unless, at the time the acquisition is made, qualifying assets represent at least 70% of the BDC’s total assets. As of June 30, 2023 the aggregate fair value of non-qualifying assets is $24,608 or 26.9% of the Company’s total assets.
[4] | As of June 30, 2023 PRIME is 8.25%.
[5] | As of December 31, 2022 PRIME is 7.50%.
[6] | The annualized seven-day yield as of June 30, 2023 is 5.03%.
[7] | The annualized seven-day yield as of December 31, 2022 is 4.12%.

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