Portfolio

Our Portfolio at a Glance

$141MM

Weighted Average1, 2 Portfolio Company EBITDA

1.8x

Weighted Average1, 2 Portfolio Interest Coverage

1.7%

FMV of current non-accruals

41%

Average Loan to Value2

As of Mar. 31, 2023 • Q1 2023 Earnings Presentation

1 Weighted average is a Non-GAAP measure. View full reconciliation in our Q1 2023 Earnings Presentation.

2 Weighted average based on fair value as of 3/31/2023 and excludes non-interest bearing equity investments.

View Reconciliation

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

Portfolio Names by Fair Value{{1}}

Company Percentage
LLF III Fund 4.3%
Edmentum 3.9%
Benevis 3.8%
LLF IV Fund 3.4%
UniTech 2.8%
Insightsoftware 2.7%
Kaseya 2.4%
PhyNet 2.1%
Alliance Animal Health 2.1%
Dealer Tire 2.0%
Associa 1.9%
Mercer Advisors 1.9%
Talend 1.8%
Permian 1.8%
ICIMS 1.6%
Other Portfolio Companies 61.5%

Top 15 portfolio companies(1) represent $1,263.4 million, or 38.5%, of consolidated investments

As of Mar. 31, 2022 • View Q1 2023 Earnings Presentation for further details

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

1 Includes tax liability associated with Haven Midstream Holdings LLC

2 Excludes Net Lease, representing 3.7% as of 3/31/2023

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

As of Mar. 31, 2023 • Q1 2023 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 Q1 2023 Earnings Presentation.