Portfolio

Our Portfolio at a Glance

$189MM

Weighted Average1, 2 Portfolio Company EBITDA

1.7x

Weighted Average1, 2 Portfolio Interest Coverage

1.2%

FMV of current non-accruals

41%

Average Loan to Value2

As of September 30, 2024 • Q3 2024 Earnings Presentation

1 Weighted average is a Non-GAAP measure. View full reconciliation in our Q3 2024 Earnings Presentation.

2 Weighted average based on fair value as of 9/30/2024 and excludes non-interest bearing equity investments.

View Reconciliation

For complete information regarding our financials, see our periodic filings.

Portfolio Names by Fair Value

Company Percentage
Benevis 4.2%
UniTek 3.2%
Edmentum 2.8%
Kaseya 2.6%
Alliance Animal Health 2.5%
Dealer Tire 2.3%
Office Ally 2.0%
Permian 1.9%
Mercer Advisors 1.9%
Davies 1.8%
SLP III 4.9%
Net Lease 3.8%
SLP IV 3.4%
115 Other Portfolio Companies 62.7%

Top 10 portfolio companies1 represent $826.5 million, or 25.2%, of consolidated investments

As of September 30, 2024 • View Q3 2024 Earnings Presentation for further details

For complete information regarding our financials, see our periodic filings.

1 Excluding SLP III, SLP IV, and Net Lease

Portfolio Weighted Average EBITDA{{1, 2}}

(In millions)

Quarter Amount in Millions
Q4-21 $114
Q1-22 $120
Q2-22 $130
Q3-22 $132
Q4-22 $138
Q1-23 $141
Q2-23 $144
Q3-23 $147
Q4-23 $155
Q1-24 $179
Q2-24 $180
Q3-24 $189

As of September 30, 2024 • Q3 2024 Earnings Presentation

1 Weighted average is based on fair value of debt investments for each respective quarter, excluding revolvers, non-accrual positions, and recurring revenue loans.

2 Weighted average is a Non-GAAP measure. View full reconciliation in our Q3 2024 Earnings Presentation.