|
Steven B. Boehm, Esq.
Stephani M. Hildebrandt, Esq. Eversheds Sutherland (US) LLP 700 Sixth Street, NW Washington, DC 20001 Tel: (202) 383-0100 Fax: (202) 637-3593 |
|
CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
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Title of Securities Being Registered
|
| | |
Amount Being
Registered |
| | |
Proposed Maximum
Offering Price Per Unit |
| | |
Proposed Maximum
Aggregate Offering Price(1) |
| | |
Amount of Registration
Fee(1) |
| ||||||
Common Stock, $0.01 par value per share(2)(3)
|
| | | | | | | | | | | | | | | | | | | | | | |
Preferred Stock, $0.01 par value per share(2)
|
| | | | | | | | | | | | | | | | | | | | | | |
Subscription Rights(2)
|
| | | | | | | | | | | | | | | | | | | | | | |
Warrants(4)
|
| | | | | | | | | | | | | | | | | | | | | | |
Debt Securities(5)
|
| | | | | | | | | | | | | | | | | | | | | | |
Total(6)
|
| | | | | | | | | | | | $ | 250,000,000 | | | | | | $ | 23,175 | | |
| | |
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Fair Value(1)
|
| |
Cost(2)
|
| ||||||||||||||||||||||||||||||||||||||||||
| | |
Three Months Ended
|
| |
Nine Months Ended
|
| |
Three Months Ended
|
| |
Nine Months Ended
|
| ||||||||||||||||||||||||||||||||||||
| | |
September 30,
2021 |
| |
September 30,
2020 |
| |
September 30,
2021 |
| |
September 30,
2020 |
| |
September 30,
2021 |
| |
September 30,
2020 |
| |
September 30,
2021 |
| |
September 30,
2020 |
| ||||||||||||||||||||||||
Investment type: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Debt investments
|
| | | | 15.34% | | | | | | 14.81% | | | | | | 14.17% | | | | | | 15.25% | | | | | | 14.87% | | | | | | 14.51% | | | | | | 13.93% | | | | | | 14.91% | | |
Equity interest
|
| | | | 2.41% | | | | | | 3.56% | | | | | | 2.60% | | | | | | 3.67% | | | | | | 3.60% | | | | | | 3.42% | | | | | | 3.28% | | | | | | 3.53% | | |
All investments
|
| | | | 13.96% | | | | | | 13.76% | | | | | | 13.06% | | | | | | 14.14% | | | | | | 14.06% | | | | | | 13.46% | | | | | | 13.12% | | | | | | 13.80% | | |
| Shareholder transaction expenses: | | | | | | | |
|
Sales load (as a percentage of offering price)
|
| | | | —(1) | | |
|
Offering expenses (as a percentage of offering price)
|
| | | | —(2) | | |
|
Dividend reinvestment plan expenses
|
| | | | —(3) | | |
|
Total shareholder transaction expenses (as a percentage of offering price)
|
| | | | — | | |
| Annual expenses (as a percentage of net assets attributable to common stock): | | | | | | | |
|
Management Fee payable under the Investment Advisory Agreement
|
| | | | 1.47%(4) | | |
|
Incentive Fee payable under the Investment Advisory Agreement
|
| | | | 1.43%(5) | | |
|
Interest payments on borrowed funds
|
| | | | 0.51%(6) | | |
|
Other expenses
|
| | | | 1.05%(7)(8) | | |
|
Total annual expenses
|
| | | | 4.46%(8) | | |
| | |
1 year
|
| |
3 years
|
| |
5 years
|
| |
10 years
|
| ||||||||||||
You would pay the following expenses on a $1,000 investment, assuming a
5% annual return from realized capital gains |
| | | $ | 47 | | | | | $ | 141 | | | | | $ | 236 | | | | | $ | 475 | | |
| | |
Net Asset
Value(1) |
| |
Price Range
|
| |
High
Sales Price Premium (Discount) to Net Asset Value(2) |
| |
Low
Sales Price Premium (Discount) to Net Asset Value(2) |
| |
Cash
Dividend Per Share(3) |
| |||||||||||||||||||||
Class and Period
|
| |
High
|
| |
Low
|
| ||||||||||||||||||||||||||||||
Year ending December 31, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Fourth Quarter(4)
|
| | | $ | * | | | | | $ | 13.92 | | | | | $ | 12.04 | | | | |
|
*
|
| | | |
|
*
|
| | | | $ | 0.25 | | |
| | |
December 31, 2021
|
| ||||||
Date Declared
|
| |
Record Date
|
| |
Payment Date
|
| |
Distribution
per Share |
|
March 4, 2021
|
| | March 5, 2021 | | | March 19, 2021 | | |
$0.37
|
|
April 29, 2021
|
| | April 30, 2021 | | | May 13, 2021 | | |
$0.37
|
|
July 19, 2021 .
|
| | July 20, 2021 | | | August 12, 2021 | | |
$0.34
|
|
October 28, 2021.
|
| |
November 8, 2021
|
| |
November 22, 2021
|
| |
$0.25
|
|
| | |
December 31, 2020
|
| ||||||
Date Declared
|
| |
Record Date
|
| |
Payment Date
|
| |
Distribution
per Share |
|
March 5, 2020
|
| | March 6, 2020 | | | March 20, 2020 | | |
$0.40
|
|
May 7, 2020
|
| | May 8, 2020 | | | May 21, 2020 | | |
$0.35
|
|
August 5, 2020
|
| |
August 6, 2020
|
| | August 20, 2020 | | |
$0.36
|
|
October 1, 2020
|
| |
October 1, 2020
|
| |
November 12, 2020
|
| |
$0.38
|
|
| | |
December 31, 2019
|
| ||||||
Date Declared
|
| |
Record Date
|
| |
Payment Date
|
| |
Distribution
per Share |
|
March 22, 2019
|
| | March 22, 2019 | | | March 26, 2019 | | |
$0.40
|
|
May 2, 2019
|
| | May 7, 2019 | | | May 21, 2019 | | |
$0.45
|
|
May 2, 2019
|
| | May 31, 2019 | | | July 16, 2019 | | |
$0.46
|
|
July 30, 2019
|
| | August 8, 2019 | | | August 26, 2019 | | |
$0.45
|
|
September 27, 2019
|
| |
September 30, 2019
|
| |
November 12, 2019
|
| |
$0.04
|
|
December 9, 2019
|
| |
December 10, 2019
|
| |
December 23, 2019
|
| |
$0.40
|
|
| | |
December 31, 2018
|
| ||||||
Date Declared
|
| |
Record Date
|
| |
Payment Date
|
| |
Distribution
per Share |
|
May 3, 2018
|
| | May 15, 2018 | | | May 31, 2018 | | |
$0.15
|
|
July 26, 2018
|
| |
August 15, 2018
|
| | August 31, 2018 | | |
$0.25
|
|
November 1, 2018
|
| |
October 31, 2018
|
| |
November 15, 2018
|
| |
$0.35
|
|
Class and Period
|
| |
Total Amount
Outstanding Exclusive of Treasury Securities(1) ($ in thousands) |
| |
Asset Coverage
per Unit(2) |
| |
Involuntary
Liquidating Preference per Unit(3) |
| |
Average
Market Value per Unit(4) |
| ||||||||||||
2026 Senior Notes(5) | | | | | | | | | | | | | | | | | | | | | | | | | |
September 30, 2021 (unaudited) .
|
| | | | — | | | | | | — | | | | | | — | | | | | | N/A | | |
December 31, 2020 . . . . . . . . . . . . . . . . . . . . . .
|
| | | | — | | | | | | — | | | | | | — | | | | | | N/A | | |
December 31, 2019 . . . . . . . . . . . . . . . . . . . . . .
|
| | | | — | | | | | | — | | | | | | — | | | | | | N/A | | |
December 31, 2018
|
| | | | — | | | | | | — | | | | | | — | | | | | | N/A | | |
Credit Agreement | | | | | | | | | | | | | | | | | | | | | | | | | |
September 30, 2021 (unaudited) .
|
| | | $ | 80,000,000 | | | | | $ | 7,303 | | | | | | — | | | | | | N/A | | |
December 31, 2020 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 99,000,000 | | | | | $ | 5,710 | | | | | | — | | | | | | N/A | | |
December 31, 2019 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 61,000,000 | | | | | $ | 7,169 | | | | | | — | | | | | | N/A | | |
December 31, 2018
|
| | | $ | — | | | | | $ | — | | | | | | — | | | | | | N/A | | |
Credit Facilities(6) | | | | | | | | | | | | | | | | | | | | | | | | | |
September 30, 2021 (unaudited) . . . . . . . . . . . . . . . .
|
| | | $ | — | | | | | $ | — | | | | | | — | | | | | | N/A | | |
December 31, 2020 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | — | | | | | $ | — | | | | | | — | | | | | | N/A | | |
December 31, 2019 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | — | | | | | $ | — | | | | | | — | | | | | | N/A | | |
December 31, 2018
|
| | | $ | 59,500,000 | | | | | $ | 3,811 | | | | | | — | | | | | | N/A | | |
Total | | | | | | | | | | | | | | | | | | | | | | | | | |
September 30, 2021 (unaudited) . . . . . . . . . . . . . . . .
|
| | | $ | 80,000,000 | | | | | $ | 7,303 | | | | | | — | | | | | | N/A | | |
December 31, 2020 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 99,000,000 | | | | | $ | 5,710 | | | | | | — | | | | | | N/A | | |
December 31, 2019 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 61,000,000 | | | | | $ | 7,169 | | | | | | — | | | | | | N/A | | |
December 31, 2018 . . . . . . . . . . . . . . . . . . . . . .
|
| | | $ | 59,500,000 | | | | | $ | 3,811 | | | | | | — | | | | | | N/A | | |
Portfolio Company
|
| |
Industry
|
| |
Type of Investment
|
| |
Interest Rate/Description
|
| |
Maturity
|
| |
Principal
|
| |
Percentage of
Class Held on a Fully Diluted Basis |
| |
Number of
Shares |
| |
Cost
|
| |
Fair
Value |
| ||||||||||||||||||
3DNA Corp. (dba NationBuilder)
520 S. Grand Ave., 2nd Floor Los Angeles, CA 90071 |
| |
Software
|
| | Warrant | | | Series C-1 Preferred Stock; strike price $1.46 | | | | | 12/28/2028 | | | | | | n/a | | | | | | n/a | | | | | | 273,164 | | | | | | 104 | | | | | | 3 | | |
AllClear ID, Inc.
816 Congress Ave., Suite 1800 Austin,TX 78701 |
| |
Diversified Consumer Services
|
| | Warrant | | | Common Stock; strike price $0.01 | | | | | 9/1/2027 | | | | | | n/a | | | | | | n/a | | | | | | 870,514 | | | | | | 1,750 | | | | | | 1,382 | | |
Allurion Technologies, Inc.
11 Huron Dr. Natick, MA 01760 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+9.05%, 9.50% floor, 3.00% ETP
|
| | | | 3/30/2025 | | | | | | 15,000 | | | | | | n/a | | | | | | n/a | | | | | | 14,892 | | | | | | 14,892 | | |
|
Senior Secured Term
Loan |
| | LIBOR+9.05%, 9.50% floor, 3.00% ETP | | | | | 3/30/2025 | | | | | | 5,000 | | | | | | n/a | | | | | | n/a | | | | | | 4,867 | | | | | | 4,867 | | | |||||
| Warrant | | |
Series C Preferred Stock; strike
price $6.58 |
| | | | 3/30/2031 | | | | | | n/a | | | | | | n/a | | | | | | 106,383 | | | | | | 155 | | | | | | 434 | | | |||||
Aria Systems, Inc.
100 Pine Street, Suite 2450 San Francisco, CA 94111 |
| |
Software
|
| |
Warrant
|
| |
Series G Preferred Stock; strike
price $0.86 |
| | | | 6/29/2028 | | | | | | n/a | | | | | | n/a | | | | | | 2,387,705 | | | | | | 1,048 | | | | | | 3,049 | | |
| Preferred Stock | | | Series G Preferred Stock | | | | | n/a | | | | | | n/a | | | | | | 0.12% | | | | | | 289,419 | | | | | | 250 | | | | | | 370 | | | |||||
Aspen Group Inc.
276 Fifth Ave., Suite 306A New York, NY 10001 |
| |
Diversified Consumer Services
|
| | Warrant | | |
Common Stock; strike price $6.87
|
| | | | 7/25/2022 | | | | | | n/a | | | | | | n/a | | | | | | 224,174 | | | | | | 583 | | | | | | 157 | | |
Bombora, Inc.
257 Park Ave. South, Floor 6 New York, NY 10010 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+5.00%, 5.50% floor, 3.75% PIK, 2.00% ETP
|
| | | | 3/31/2025 | | | | | | 20,353 | | | | | | n/a | | | | | | n/a | | | | | | 20,081 | | | | | | 20,081 | | |
| | | | Warrant | | |
Common Stock; strike price $3.29
|
| | | | 3/31/2031 | | | | | | n/a | | | | | | n/a | | | | | | 121,581 | | | | | | 175 | | | | | | 255 | | | ||
Brilliant Earth, LLC
26 O’Farrell St., 10th Floor San Francisco, CA 94103 |
| |
Specialty Retail
|
| |
Senior Secured Term
Loan |
| |
LIBOR+7.75%, 8.25% floor, 4.50% ETP
|
| | | | 10/15/2023 | | | | | | 35,000 | | | | | | n/a | | | | | | n/a | | | | | | 35,722 | | | | | | 35,343 | | |
| | | |
Senior Secured Term
Loan |
| | LIBOR+7.75%, 8.25% floor, 0.75% ETP | | | | | 10/15/2023 | | | | | | 30,000 | | | | | | n/a | | | | | | n/a | | | | | | 29,915 | | | | | | 30,294 | | | ||
| | | | Units | | | Class P Units | | | | | n/a | | | | | | n/a | | | | | | 0.55% | | | | | | 526,845 | | | | | | 984 | | | | | | 5,813 | | | ||
CareCloud, Inc.
7 Clyde Rd. Somerset, NJ 08873 |
| |
Health Care Equipment & Services
|
| |
Warrant
|
| |
Common Stock; strike price $7.50
|
| | | | 1/8/2022 | | | | | | n/a | | | | | | n/a | | | | | | 1,000,000 | | | | | | 435 | | | | | | 687 | | |
| Warrant | | | Common Stock; strike price $10.00 | | | | | 1/8/2023 | | | | | | n/a | | | | | | n/a | | | | | | 1,000,000 | | | | | | 837 | | | | | | 1,056 | | | |||||
| Preferred Stock | | |
11% Series A Cumulative
Redeemable Perpetual Preferred Stock |
| | | | n/a | | | | | | n/a | | | | | | 3.14% | | | | | | 544,178 | | | | | | 14,288 | | | | | | 15,890 | | | |||||
Circadence Corporation
1900 9th St., Suite 300 Boulder, CO 80302 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+9.50%, 12.00% floor, 7.50% ETP
|
| | | | 12/15/2022 | | | | | | 17,400 | | | | | | n/a | | | | | | n/a | | | | | | 17,583 | | | | | | 15,693 | | |
| | | | Warrant | | | Series A-6 Preferred Stock; strike price $1.17 | | | | | 12/20/2028 | | | | | | n/a | | | | | | n/a | | | | | | 1,538,462 | | | | | | 3,630 | | | | | | 796 | | | ||
| | | | Warrant | | | Series A-6 Preferred Stock; strike price $1.17 | | | | | 10/31/2029 | | | | | | n/a | | | | | | n/a | | | | | | 384,615 | | | | | | 846 | | | | | | 199 | | |
Portfolio Company
|
| |
Industry
|
| |
Type of Investment
|
| |
Interest Rate/Description
|
| |
Maturity
|
| |
Principal
|
| |
Percentage of
Class Held on a Fully Diluted Basis |
| |
Number of
Shares |
| |
Cost
|
| |
Fair
Value |
| ||||||||||||||||||
CloudPay Solutions Ltd.
3128 Highwoods Blvd., Suite 160 Raleigh, NC 27604 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+8.75%, 9.25% floor, 2.00% ETP
|
| | | | 8/17/2025 | | | | | | 35,000 | | | | | | n/a | | | | | | n/a | | | | | | 34,799 | | | | | | 34,799 | | |
| | | | Warrant | | |
Series B Preferred Stock; strike
price $66.53 |
| | | | 6/30/2030 | | | | | | n/a | | | | | | n/a | | | | | | 11,273 | | | | | | 218 | | | | | | 579 | | | ||
| | | | Warrant | | |
Series D Preferred Stock; strike
price $171.3182 |
| | | | 8/17/2031 | | | | | | n/a | | | | | | n/a | | | | | | 1,751 | | | | | | 31 | | | | | | 31 | | | ||
Credit Sesame, Inc.
444 Castro St., Suite 500 Mountain View, CA 94040 |
| |
Diversified Consumer Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+8.35%, 10.25% floor, 2.50% ETP
|
| | | | 12/15/2023 | | | | | | 31,500 | | | | | | n/a | | | | | | n/a | | | | | | 31,707 | | | | | | 31,347 | | |
|
Senior Secured Term
Loan |
| |
LIBOR+8.35% , 2.00% PIK on
overadvance, 10.25% floor |
| | | | 5/15/2023 | | | | | | 9,548 | | | | | | n/a | | | | | | n/a | | | | | | 9,548 | | | | | | 9,501 | | | |||||
| Warrant | | | Common Stock; strike price $0.01 | | | | | 1/7/2030 | | | | | | N/A | | | | | | n/a | | | | | | 191,601 | | | | | | 425 | | | | | | 1,581 | | | |||||
CrossRoads Extremity Systems, LLC
6055 Primacy Pkwy Memphis, TN 38119 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+8.15%, 1.50% PIK, 8.65% floor, 3.50% ETP
|
| | | | 7/1/2025 | | | | | | 7,524 | | | | | | n/a | | | | | | n/a | | | | | | 7,316 | | | | | | 7,316 | | |
| Warrant | | |
Series C Preferred Stock; strike
price $3.79 |
| | | | 6/29/2031 | | | | | | n/a | | | | | | n/a | | | | | | 69,261 | | | | | | 95 | | | | | | 95 | | | |||||
Dejero Labs Inc.
412 Albert St., Suite 100 Waterloo ON, N2L 3V3 |
| |
IT Services
|
| | Warrant | | | Common Stock; strike price $0.01 | | | | | 5/31/2029 | | | | | | N/A | | | | | | n/a | | | | | | 333,621 | | | | | | 192 | | | | | | 546 | | |
Dtex Systems, Inc.
3055 Olin Ave., Suite 2000 San Jose, CA 95128 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+9.50%, 10.00% floor, 1.75% ETP
|
| | | | 6/1/2025 | | | | | | 10,000 | | | | | | n/a | | | | | | n/a | | | | | | 9,923 | | | | | | 9,923 | | |
| Warrant | | |
Series C-Prime Preferred Stock;
strike price $0.60 |
| | | | 6/1/2025 | | | | | | n/a | | | | | | n/a | | | | | | 500,000 | | | | | | 59 | | | | | | 328 | | | |||||
| Warrant | | |
Series C-Prime Preferred Stock;
strike price $0.60 |
| | | | 7/11/2026 | | | | | | n/a | | | | | | n/a | | | | | | 833,333 | | | | | | 115 | | | | | | 547 | | | |||||
Echo 360 Holdings, Inc.
11955 Freedom Dr., Suite 700 Reston, VA 20190 |
| |
Diversified Consumer Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+10.50%, 11.00% floor,
3.00% ETP |
| | | | 12/15/2024 | | | | | | 20,000 | | | | | | n/a | | | | | | n/a | | | | | | 19,980 | | | | | | 19,980 | | |
| Warrant | | |
Series E Preferred Stock; strike
price $1.59 |
| | | | 5/3/2029 | | | | | | n/a | | | | | | n/a | | | | | | 1,066,767 | | | | | | 300 | | | | | | 630 | | | |||||
| Warrant | | |
Series E Preferred Stock; strike
price $1.59 |
| | | | 6/21/2031 | | | | | | n/a | | | | | | n/a | | | | | | 125,502 | | | | | | 74 | | | | | | 74 | | | |||||
Fidelis Cybersecurity, Inc.
4500 East West Highway Suite 400 Bethesda, MD 20814 |
| |
IT Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+11.00%, 12.0% Floor,
2.39% ETP |
| | | | 5/13/2024 | | | | | | 13,641 | | | | | | n/a | | | | | | n/a | | | | | | 13,581 | | | | | | 13,482 | | |
| Warrant | | | Common Stock; strike price $337.50 | | | | | 5/13/2031 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 0 | | | | | | 0 | | | |||||
FiscalNote, Inc.
1201 Pennsylvania Ave. NW, 6th Floor Washington, DC 20004 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+9.25%, 9.75% floor, 5.00% ETP
|
| | | | 8/21/2023 | | | | | | 45,000 | | | | | | n/a | | | | | | n/a | | | | | | 45,185 | | | | | | 45,185 | | |
|
Senior Secured Term
Loan |
| | LIBOR+9.25%, 9.75% floor, 5.00% ETP | | | | | 8/21/2023 | | | | | | 10,000 | | | | | | n/a | | | | | | n/a | | | | | | 9,901 | | | | | | 9,901 | | | |||||
| Warrant | | |
Common Stock; strike price $0.01
|
| | | | 10/19/2030 | | | | | | n/a | | | | | | n/a | | | | | | 194,673 | | | | | | 438 | | | | | | 2,340 | | | |||||
Gynesonics, Inc.
600 Chesapeake Dr. Redwood City, CA 94063 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+8.75%, 9.25% floor, 3.50% ETP
|
| | | | 12/1/2025 | | | | | | 30,000 | | | | | | n/a | | | | | | n/a | | | | | | 29,437 | | | | | | 29,437 | | |
| Warrant | | | Success Fee | | | | | 12/1/2027 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 499 | | | | | | 609 | | | |||||
INRIX, Inc.
10210 NE Points Dr., Suite 400 Kirkland, WA 98033 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+8.00%, 10.50% floor, 2.50% ETP
|
| | | | 7/15/2023 | | | | | | 20,000 | | | | | | n/a | | | | | | n/a | | | | | | 20,124 | | | | | | 20,124 | | |
|
Senior Secured Term
Loan |
| |
LIBOR+8.00%, 10.50% floor, 2.50% ETP
|
| | | | 7/15/2023 | | | | | | 10,000 | | | | | | n/a | | | | | | n/a | | | | | | 9,938 | | | | | | 9,938 | | | |||||
| Warrant | | | Common Stock; strike price $9.29 | | | | | 7/26/2029 | | | | | | n/a | | | | | | n/a | | | | | | 150,804 | | | | | | 522 | | | | | | 1,040 | | | |||||
Longtail Ad Solutions, Inc.
(dba JW Player) 2 Park Ave., 10th Floor New York, NY 10016 |
| |
Software
|
| | Warrant | | | Common Stock; strike price $1.49 | | | | | 12/12/2029 | | | | | | n/a | | | | | | n/a | | | | | | 387,596 | | | | | | 47 | | | | | | 438 | | |
Marley Spoon AG
Berlin, Germany |
| |
Specialty Retail
|
| |
Senior Secured Term
Loan |
| | LIBOR+8.50%, 1.25% PIK, 9.00% floor | | | | | 6/15/2025 | | | | | | 17,597 | | | | | | n/a | | | | | | n/a | | | | | | 17,188 | | | | | | 17,186 | | |
Portfolio Company
|
| |
Industry
|
| |
Type of Investment
|
| |
Interest Rate/Description
|
| |
Maturity
|
| |
Principal
|
| |
Percentage of
Class Held on a Fully Diluted Basis |
| |
Number of
Shares |
| |
Cost
|
| |
Fair
Value |
| ||||||||||||||||||
Massdrop, Inc.
710 Sansome St. San Francisco, CA 94111 |
| |
Internet & Catalog Retail
|
| | Warrant | | |
Series B Preferred Stock; strike
price $1.19 |
| | | | 7/22/2029 | | | | | | n/a | | | | | | n/a | | | | | | 848,093 | | | | | | 183 | | | | | | 193 | | |
Mingle Healthcare Solutions, Inc.
8911 Sandy Parkway, Suite 200 Sandy, UT 84070 |
| |
Health Care Equipment & Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+9.50%, 0.25% PIK, 11.75% floor, 10.00% ETP
|
| | | | 8/15/2022 | | | | | | 3,956 | | | | | | n/a | | | | | | n/a | | | | | | 4,418 | | | | | | 4,352 | | |
| Warrant | | |
Series AA Preferred Stock; strike price $0.24
|
| | | | 8/15/2028 | | | | | | n/a | | | | | | n/a | | | | | | 1,625,000 | | | | | | 492 | | | | | | 0 | | | |||||
Mojix, Inc.
11075 Santa Monica Blvd., Suite 350 Los Angeles, CA 90025 |
| | | | | | | | | | ||||||||||||||||||||||||||||||||||||
|
Software
|
| |
Senior Secured Term
Loan |
| |
LIBOR+12.00% PIK, 12.00% floor, 5% ETP
|
| | | | 10/15/2021 | | | | | | 6,519 | | | | | | n/a | | | | | | n/a | | | | | | 6,502 | | | | | | 7,339 | | | ||
|
Senior Secured Term
Loan |
| | LIBOR+12.00% PIK, 12.00% floor, 5% ETP | | | | | 10/15/2021 | | | | | | 2,173 | | | | | | n/a | | | | | | n/a | | | | | | 2,170 | | | | | | 2,446 | | | |||||
|
Senior Secured Term
Loan |
| | LIBOR+12.00% PIK, 12.00% floor, 5% ETP | | | | | 10/15/2021 | | | | | | 543 | | | | | | n/a | | | | | | n/a | | | | | | 544 | | | | | | 611 | | | |||||
|
Senior Secured Term
Loan |
| | LIBOR+12.00% PIK, 12.00% floor, 5% ETP | | | | | 10/15/2021 | | | | | | 542 | | | | | | n/a | | | | | | n/a | | | | | | 542 | | | | | | 611 | | | |||||
|
Senior Secured Term
Loan |
| |
LIBOR+12.00% PIK, 12.00% floor, 5% ETP
|
| | | | 10/15/2021 | | | | | | 1,079 | | | | | | n/a | | | | | | n/a | | | | | | 1,073 | | | | | | 1,215 | | | |||||
|
Senior Secured Term
Loan |
| |
LIBOR+12.00% PIK, 12.00% floor, 5% ETP
|
| | | | 10/31/2021 | | | | | | 929 | | | | | | n/a | | | | | | n/a | | | | | | 929 | | | | | | 1,063 | | | |||||
| Warrant | | | Common Stock; strike price $1.28 | | | | | 12/13/2030 | | | | | | n/a | | | | | | n/a | | | | | | 2,349 | | | | | | 119 | | | | | | 0 | | | |||||
| Warrant | | | Common Stock; strike price $2.12 | | | | | 12/13/2030 | | | | | | n/a | | | | | | n/a | | | | | | 5,873 | | | | | | 298 | | | | | | 0 | | | |||||
| Warrant | | | Common Stock; strike price $5.57 | | | | | 12/13/2030 | | | | | | n/a | | | | | | n/a | | | | | | 394,733 | | | | | | 829 | | | | | | 0 | | | |||||
| Preferred Stock | | | Series A-1 Preferred Stock | | | | | n/a | | | | | | n/a | | | | | | 61.53% | | | | | | 67,114,092 | | | | | | 800 | | | | | | 708 | | | |||||
Ouster, Inc.
350 Treat Ave. San Francisco, CA 94110 |
| |
Technology Hardware, Storage & Peripherals
|
| | Common Stock | | | Common Stock | | | | | n/a | | | | | | n/a | | | | | | 2.43% | | | | | | 1,206,959 | | | | | | 103 | | | | | | 8,835 | | |
Pivot3 Holdings, Inc.
221 W. 6th St., Suite 750 Austin, TX 78701 |
| |
IT Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+8.50% PIK, 11.00% floor, 4.00% ETP
|
| | | | 11/15/2022 | | | | | | 18,598 | | | | | | n/a | | | | | | n/a | | | | | | 19,172 | | | | | | 9,863 | | |
| Preferred Stock | | | Series 1 Preferred Stock | | | | | n/a | | | | | | n/a | | | | | | 30.00% | | | | | | 2,675,585 | | | | | | 2,000 | | | | | | 0 | | | |||||
Porch Group, Inc.
2200 1st Avenue South, Seattle, WA 98134 |
| |
Software
|
| | Warrant | | | Earnout | | | | | 12/23/2023 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 0 | | | | | | 0 | | |
Quantum Corporation
224 Airport Parkway Suite 300 San Jose, CA 95110 |
| |
Technology Hardware, Storage & Peripherals
|
| | Common Stock | | | Common Stock | | | | | n/a | | | | | | n/a | | | | | | 0.11% | | | | | | 459,720 | | | | | | 2,607 | | | | | | 2,381 | | |
RealWear, Inc.
600 Hatheway Road Vancouver, WA 98661 |
| |
Technology Hardware, Storage & Peripherals
|
| |
Warrant
|
| |
Series A Preferred Stock; strike
price $4.44 |
| | | | 10/5/2028 | | | | | | n/a | | | | | | n/a | | | | | | 112,451 | | | | | | 136 | | | | | | 0 | | |
| Warrant | | |
Series A Preferred Stock; strike
price $6.78 |
| | | | 6/27/2029 | | | | | | n/a | | | | | | n/a | | | | | | 123,894 | | | | | | 381 | | | | | | 0 | | | |||||
| Warrant | | |
Series A Preferred Stock; strike
price $4.44 |
| | | | 12/28/2028 | | | | | | n/a | | | | | | n/a | | | | | | 22,491 | | | | | | 25 | | | | | | 0 | | | |||||
Route 92 Medical, Inc.
155 Bovet Road, Suite 100 San Mateo CA 94402 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+8.48%, 8.98% floor, 3.95% ETP, due 7/1/2026
|
| | | | 7/1/2026 | | | | | | 13,000 | | | | | | n/a | | | | | | n/a | | | | | | 12,639 | | | | | | 12,664 | | |
| Warrant | | | Success Fee | | | | | 8/17/2031 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 248 | | | | | | 248 | | | |||||
Scale Computing, Inc.
525 S. Meridian St, Suite. 3E Indianapolis, IN 46225 |
| |
Software
|
| | Warrant | | |
Common Stock; strike price $0.80
|
| | | | 3/29/2029 | | | | | | n/a | | | | | | n/a | | | | | | 9,665,667 | | | | | | 346 | | | | | | 0 | | |
Portfolio Company
|
| |
Industry
|
| |
Type of Investment
|
| |
Interest Rate/Description
|
| |
Maturity
|
| |
Principal
|
| |
Percentage of
Class Held on a Fully Diluted Basis |
| |
Number of
Shares |
| |
Cost
|
| |
Fair
Value |
| ||||||||||||||||||
SetPoint Medical
Corporation 25101 Rye Canyon Loop Valencia, CA 91355 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+8.75%, 9.25% floor, 4.00% ETP
|
| | | | 12/1/2025 | | | | | | 10,000 | | | | | | n/a | | | | | | n/a | | | | | | 9,916 | | | | | | 9,916 | | |
| Warrant | | |
Series B’ Preferred Stock; strike
price $1.00 |
| | | | 6/29/2031 | | | | | | n/a | | | | | | n/a | | | | | | 400,000 | | | | | | 14 | | | | | | 20 | | | |||||
ShareThis, Inc.
5 Palo Alto Square, Suite 150 Palo Alto, CA 94306 |
| |
IT Services
|
| |
Senior Secured Term
Loan |
| |
LIBOR+9.25%, 11.60% floor, 3.00% ETP
|
| | | | 7/15/2023 | | | | | | 19,250 | | | | | | n/a | | | | | | n/a | | | | | | 19,222 | | | | | | 19,222 | | |
|
Senior Secured Term
Loan |
| |
LIBOR+9.25%, 11.60% floor, 3.00% ETP
|
| | | | 7/15/2023 | | | | | | 750 | | | | | | n/a | | | | | | n/a | | | | | | 746 | | | | | | 746 | | | |||||
|
Senior Secured Term
Loan |
| |
LIBOR+9.25%, 11.60% floor, 3.00% ETP
|
| | | | 7/15/2023 | | | | | | 1,000 | | | | | | n/a | | | | | | n/a | | | | | | 990 | | | | | | 990 | | | |||||
|
Senior Secured Term
Loan |
| | LIBOR+8.25%, 10.60% floor, 3.00% ETP | | | | | 7/15/2023 | | | | | | 1,000 | | | | | | n/a | | | | | | n/a | | | | | | 1,010 | | | | | | 1,010 | | | |||||
| Warrant | | | Series D-3 Preferred Stock; strike price $2.43 | | | | | 12/3/2028 | | | | | | n/a | | | | | | n/a | | | | | | 647,615 | | | | | | 2,162 | | | | | | 2,162 | | | |||||
Snagajob.com, Inc.
4851 Lake Brook Drive Glen Allen, VA 23060 |
| |
Business
Products & Services |
| |
Senior Secured Term
Loan |
| |
LIBOR+8.50%, 9.00% floor, 2.75% ETP
|
| | | | 9/1/2025 | | | | | | 37,315 | | | | | | n/a | | | | | | n/a | | | | | | 36,754 | | | | | | 36,754 | | |
| Warrant | | | Series B-1 Preferred Stock; strike price $1.30 | | | | | 9/29/2031 | | | | | | n/a | | | | | | n/a | | | | | | 763,269 | | | | | | 343 | | | | | | 343 | | | |||||
STN Video Inc.
1111 Wharf St., Victoria British Columbia, V8W 1T7 |
| |
Media
|
| | Warrant | | |
Class B Non-Voting Stock; strike price $0.67
|
| | | | 6/30/2027 | | | | | | n/a | | | | | | n/a | | | | | | 191,500 | | | | | | 246 | | | | | | 10 | | |
The Kairn Corporation
464 Monetary Ave., Suite E Los Gatos, CA 95030 |
| |
Software
|
| |
Senior Secured Term
Loan |
| |
6.50% PIK
|
| | | | 3/9/2027 | | | | | | 4,400 | | | | | | n/a | | | | | | n/a | | | | | | 4,400 | | | | | | 2,865 | | |
|
Senior Secured Term
Loan |
| |
LIBOR+9.50% PIK, 10.81% floor
|
| | | | 12/15/2022 | | | | | | 1,063 | | | | | | n/a | | | | | | n/a | | | | | | 1,123 | | | | | | 1,123 | | | |||||
| Warrant | | |
Common Stock; strike price $0.01
|
| | | | 3/9/2030 | | | | | | n/a | | | | | | n/a | | | | | | 81,177 | | | | | | 0 | | | | | | 458 | | | |||||
VERO Biotech LLC
55 Ivan Allen Jr. Blvd., Suite 525 Atlanta, GA 30308 |
| |
Medical
Devices & Equipment |
| |
Senior Secured Term
Loan |
| |
LIBOR+9.05%, 9.55% floor, 3.00% ETP
|
| | | | 12/1/2024 | | | | | | 25,000 | | | | | | n/a | | | | | | n/a | | | | | | 24,578 | | | | | | 24,578 | | |
|
Senior Secured Term
Loan |
| | LIBOR+9.05%, 9.55% floor, 3.00% ETP | | | | | 12/1/2024 | | | | | | 15,000 | | | | | | n/a | | | | | | n/a | | | | | | 14,947 | | | | | | 14,947 | | | |||||
| Warrant | | | Success fee | | | | | 12/29/2025 | | | | | | n/a | | | | | | n/a | | | | | | n/a | | | | | | 377 | | | | | | 461 | | | |||||
zSpace, Inc.
490 De Guigne Dr., Suite 200 Sunnyvale, CA 94085 |
| |
Technology Hardware, Storage & Peripherals
|
| | Common Stock | | | Common Stock | | | | | n/a | | | | | | n/a | | | | | | 1.34% | | | | | | 6,078,499 | | | | | | 1,119 | | | | | | 0 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 584,288 | | | | | | 586,352 | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 584,288 | | | | | | 586,352 | | |
Title of Class
|
| |
Amount
Authorized |
| |
Amount Held by
Us or for Our Account |
| |
Amount
Outstanding Exclusive of Amount Held by Us or for Our Account |
| |||||||||
Common Stock
|
| | | | 100,000,000 | | | | | | — | | | | | | 41,380,614 | | |