Schedule of Transactions with Affiliated Companies |
Transactions related to the Company’s investments with affiliates for the six months ended June 30, 2024 and 2023 were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Portfolio Company | | Fair value at December 31, 2023 | | Transfers in (out) (1) | | Purchases (cost) | | Sales and paydowns (cost) | | PIK interest (cost) | | Discount accretion | | Net realized gain (loss) | | Net change in unrealized gain (loss) | | Fair value at June 30, 2024 | Non-controlled affiliate company investment: | | | | | | | | | | | | | | | | | | | ClearlyRated Capital, LLC (5,500,000 Class A units) | | $ | 5,500 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,500 | | | | 5,500 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 5,500 | | | | | | | | | | | | | | | | | | | | | BTR Opco LLC (fka Born To Run, LLC) | | — | | | — | | | 366 | | | (11) | | | — | | | — | | | — | | | 11 | | | 366 | | BTR Opco LLC (fka Born To Run, LLC) | | — | | | 1,611 | | | 81 | | | — | | | — | | | — | | | — | | | 126 | | | 1,818 | | BTR Opco LLC (fka Born To Run, LLC) | | — | | | 8,300 | | | 418 | | | (2) | | | — | | | — | | | — | | | (8,716) | | | — | | BTR Opco LLC (fka Born To Run, LLC) (659 Class A common units) | | — | | | 677 | | | — | | | — | | | — | | | — | | | — | | | (677) | | | — | | | | — | | | 10,588 | | | 865 | | | (13) | | | — | | | — | | | — | | | (9,256) | | | 2,184 | | | | | | | | | | | | | | | | | | | | | Nastel Technologies, LLC | | 3,500 | | | — | | | — | | | — | | | — | | | 5 | | | — | | | (5) | | | 3,500 | | Nastel Technologies, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Nastel Technologies, LLC (3,408 Class A units) | | 4,226 | | | — | | | — | | | — | | | — | | | — | | | — | | | 307 | | | 4,533 | | | | 7,726 | | | — | | | — | | | — | | | — | | | 5 | | | — | | | 302 | | | 8,033 | | | | | | | | | | | | | | | | | | | | | Second Avenue SFR Holdings II LLC (Revolver) (2) | | 3,323 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 3,323 | | | | 3,323 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 3,323 | | | | | | | | | | | | | | | | | | | | | SFR Holdco, LLC (Junior secured loan) | | 6,557 | | | — | | | — | | | — | | | — | | | — | | | — | | | (1,145) | | | 5,412 | | SFR Holdco, LLC (Delayed draw junior secured loan) | | 4,917 | | | — | | | — | | | — | | | — | | | — | | | — | | | (450) | | | 4,467 | | SFR Holdco, LLC (13.9% of equity commitments) | | 4,371 | | | — | | | — | | | — | | | — | | | — | | | — | | | 89 | | | 4,460 | | SFR Holdco, LLC (10.5% of equity commitments) | | 3,278 | | | — | | | — | | | — | | | — | | | — | | | — | | | 67 | | | 3,345 | | | | 19,123 | | | — | | | — | | | — | | | — | | | — | | | — | | | (1,439) | | | 17,684 | | | | | | | | | | | | | | | | | | | | | SheerTrans Solutions, LLC | | 5,101 | | | — | | | — | | | (13) | | | 105 | | | 9 | | | — | | | (10) | | | 5,192 | | SheerTrans Solutions, LLC | | — | | | — | | | 1,436 | | | (3) | | | 22 | | | 2 | | | — | | | 26 | | | 1,483 | | SheerTrans Solutions, LLC (Revolver) | | 959 | | | — | | | — | | | — | | | 19 | | | — | | | — | | | — | | | 978 | | SheerTrans Solutions, LLC (12,233,889 preferred interests) | | 9,192 | | | — | | | 3,042 | | | — | | | — | | | — | | | — | | | 122 | | | 12,356 | | | | 15,252 | | | — | | | 4,478 | | | (16) | | | 146 | | | 11 | | | — | | | 138 | | | 20,009 | | | | | | | | | | | | | | | | | | | | | Summit Professional Education, LLC | | — | | | — | | | 10,094 | | | — | | | — | | | 2 | | | — | | | (2) | | | 10,094 | | Summit Professional Education, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Summit Professional Education, LLC (16,676 Class A units) | | — | | | — | | | 16,676 | | | — | | | — | | | — | | | — | | | — | | | 16,676 | | | | — | | | — | | | 26,770 | | | — | | | — | | | 2 | | | — | | | (2) | | | 26,770 | | | | | | | | | | | | | | | | | | | | | Triad Financial Services, Inc ($4,214 of $41,855 equity commitment) | | — | | | — | | | 4,214 | | | — | | | — | | | — | | | — | | | (313) | | | 3,901 | | | | — | | | — | | | 4,214 | | | — | | | — | | | — | | | — | | | (313) | | | 3,901 | | | | | | | | | | | | | | | | | | | | | Zodega Landscaping, LLC | | 11,969 | | | — | | | — | | | (60) | | | — | | | 43 | | | — | | | 473 | | | 12,425 | | Zodega Landscaping, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Zodega Landscaping, LLC (124,206 preferred interests) | | 12,421 | | | — | | | — | | | — | | | — | | | — | | | — | | | 42 | | | 12,463 | | | | 24,390 | | | — | | | — | | | (60) | | | — | | | 43 | | | — | | | 515 | | | 24,888 | | Total non-controlled affiliate company investments | | $ | 75,314 | | | $ | 10,588 | | | $ | 36,327 | | | $ | (89) | | | $ | 146 | | | $ | 61 | | | $ | — | | | $ | (10,055) | | | $ | 112,292 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Portfolio Company | | Fair value at December 31, 2022 | | Transfers in (out) (1) | | Purchases (cost) | | Sales and paydowns (cost) | | PIK interest (cost) | | Discount accretion | | Net realized gain (loss) | | Net change in unrealized gain (loss) | | Fair value at June 30, 2023 | Non-controlled affiliate company investment: | | | | | | | | | | | | | | | | | | | ClearlyRated Capital, LLC (5,500,000 Class A units) | | $ | — | | | $ | — | | | $ | 5,500 | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | — | | | $ | 5,500 | | | | — | | | — | | | 5,500 | | | — | | | — | | | — | | | — | | | — | | | 5,500 | | | | | | | | | | | | | | | | | | | | | Nastel Technologies, LLC | | 3,500 | | | — | | | — | | | — | | | — | | | 6 | | | — | | | (6) | | | 3,500 | | Nastel Technologies, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | Nastel Technologies, LLC (3,408 Class A units) | | 3,578 | | | — | | | — | | | — | | | — | | | — | | | — | | | 750 | | | 4,328 | | | | 7,078 | | | — | | | — | | | — | | | — | | | 6 | | | — | | | 744 | | | 7,828 | | | | | | | | | | | | | | | | | | | | | Second Avenue SFR Holdings II LLC (Revolver) (2) | | 4,755 | | | — | | | — | | | — | | | — | | | — | | | — | | | 6 | | | 4,761 | | | | 4,755 | | | — | | | — | | | — | | | — | | | — | | | — | | | 6 | | | 4,761 | | | | | | | | | | | | | | | | | | | | | SFR Holdco, LLC (Junior secured loan) | | 5,850 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 5,850 | | SFR Holdco, LLC (Delayed draw junior secured loan) | | 2,316 | | | — | | | 2,071 | | | — | | | — | | | — | | | — | | | — | | | 4,387 | | SFR Holdco, LLC (13.9% of equity commitments) | | 3,900 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 3,900 | | SFR Holdco, LLC (10.5% of equity commitments) | | 1,545 | | | — | | | 1,380 | | | — | | | — | | | — | | | — | | | — | | | 2,925 | | | | 13,611 | | | — | | | 3,451 | | | — | | | — | | | — | | | — | | | — | | | 17,062 | | | | | | | | | | | | | | | | | | | | | SheerTrans Solutions, LLC | | 5,101 | | | — | | | — | | | (25) | | | — | | | 9 | | | — | | | (28) | | | 5,057 | | SheerTrans Solutions, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | SheerTrans Solutions, LLC (8,642,579 preferred interests) | | 8,643 | | | — | | | — | | | — | | | — | | | — | | | — | | | — | | | 8,643 | | | | 13,744 | | | — | | | — | | | (25) | | | — | | | 9 | | | — | | | (28) | | | 13,700 | | Total non-controlled affiliate company investments | | $ | 39,188 | | | $ | — | | | $ | 8,951 | | | $ | (25) | | | $ | — | | | $ | 15 | | | $ | — | | | $ | 722 | | | $ | 48,851 | |
_________________________________________ (1)Transfers in (out) may include increases (decreases) in the cost basis of investments resulting from the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this affiliated category from a different category as a result of a restructuring. (2)Second Avenue SFR Holdings II LLC is a related entity to SFR Holdco, LLC and is being presented as a non-controlled affiliate for that reason. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, | | | 2024 | 2023 | Portfolio Company | | Interest Income | | Dividend Income | | Other Income | | Interest Income | | Dividend Income | | Other Income | Non-controlled affiliate company investments: | | | | | | | | | | | | | BTR Opco LLC (fka Born To Run, LLC) | | $ | — | | | $ | — | | | $ | — | | | n/a | | n/a | | n/a | BTR Opco LLC (fka Born To Run, LLC) | | — | | | — | | | — | | | n/a | | n/a | | n/a | BTR Opco LLC (fka Born To Run, LLC) | | — | | | — | | | — | | | n/a | | n/a | | n/a | BTR Opco LLC (fka Born To Run, LLC) (Class A units) | | — | | | — | | | — | | | n/a | | n/a | | n/a | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | ClearlyRated Capital (Class A units) | | — | | | — | | | — | | | — | | | — | | | — | | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | Nastel Technologies, LLC | | 217 | | | — | | | — | | | 206 | | | — | | | — | | Nastel Technologies, LLC (Revolver) | | — | | | — | | | — | | | — | | | — | | | — | | Nastel Technologies, LLC (Class A units) | | — | | | — | | | — | | | — | | | — | | | — | | | | 217 | | | — | | | — | | | 206 | | | — | | | — | | | | | | | | | | | | | | | Second Avenue SFR Holdings II LLC (Revolver) (1) | | 208 | | | — | | | — | | | 284 | | | — | | | — | | | | 208 | | | — | | | — | | | 284 | | | — | | | — | | | | | | | | | | | | | | | SFR Holdco, LLC (Junior secured loan) | | 233 | | | — | | | — | | | 234 | | | — | | | — | | SFR Holdco, LLC (Delayed draw junior secured loan) | | 176 | | | — | | | — | | | 143 | | | — | | | — | | SFR Holdco, LLC (LLC interest) | | — | | | — | | | — | | | — | | | — | | | — | | SFR Holdco, LLC (LLC interest) | | — | | | — | | | — | | | — | | | — | | | — | | | | 409 | | | — | | | — | | | 377 | | | — | | | — | | | | | | | | | | | | | | | SheerTrans Solutions, LLC | | 358 | | | — | | | — | | | 326 | | | — | | | — | | SheerTrans Solutions, LLC | | 77 | | | — | | | — | | | n/a | | n/a | | n/a | SheerTrans Solutions, LLC (Revolver) | | 67 | | | — | | | — | | | 4 | | | — | | | — | | SheerTrans Solutions, LLC (Preferred interests) | | — | | | — | | | — | | | — | | | — | | | — | | | | 502 | | | — | | | — | | | 330 | | | — | | | — | | | | | | | | | | | | | | | Summit Professional Education, LLC | | 226 | | | — | | | — | | | n/a | | n/a | | n/a | Summit Professional Education, LLC (Revolver) | | 1 | | | — | | | — | | | n/a | | n/a | | n/a | Summit Professional Education, LLC (Class A units) | | — | | | — | | | — | | | n/a | | n/a | | n/a | | | 227 | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | Triad Financial Services, Inc. (Equity commitment) | | — | | | — | | | — | | | n/a | | n/a | | n/a | | | — | | | — | | | — | | | — | | | — | | | — | | | | | | | | | | | | | | | Zodega Landscaping, LLC | | 876 | | | — | | | — | | | n/a | | n/a | | n/a | Zodega Landscaping, LLC (Revolver) | | 6 | | | — | | | — | | | n/a | | n/a | | n/a | Zodega Landscaping, LLC (Preferred interests) | | — | | | — | | | — | | | n/a | | n/a | | n/a | | | 882 | | | — | | | — | | | — | | | — | | | — | | Total non-controlled affiliate company investments | | $ | 2,445 | | | $ | — | | | $ | — | | | $ | 1,197 | | | $ | — | | | $ | — | |
_________________________________________ (1)Second Avenue SFR Holdings II LLC is a related entity to SFR Holdco, LLC and is being presented as a non-controlled affiliate for that reason.
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