Total Q2 2023 Investments: $4,690,000
Funded $4.3 million, consisting of $3.3 million of senior subordinated debt and $1.0 million of preferred equity
Follow on debt investment of $390,000
Total debt and equity investment in ITA had a fair value of $4.0 million at quarter-end
Total Q1 2023 Investments: $5,550,000
Funded $3.0 million in subordinated debt at 15% interest rate and with a 10% warrant
Follow on debt investment of $2.3 million in combination with an equity sale of $210,000
Total debt and equity investment in FSS had a fair value of $5.2 million at quarter-end
Equity investment of $250,000 in Tilson Technologies’ asset ownership affiliate SQF, LLC
Total debt and equity investment in Tilson and affiliated entities had a fair value of $10.6 million at quarter-end
Total Q4 2022 Investments: $3,884,000
Funded $3.1 million, including $2.5 million senior subordinate debt and $600,000 preferred equity
Follow on debt investment of $590,000
Total debt and equity investment in SciAps had a fair value of $5.2 million at year-end
Follow on equity investment of $194,000
Total debt and equity investment in Seyberts had a fair value of $5.9 million at year-end
Total Q3 2022 Investments: $400,000
Follow on equity investment of $400,000
At quarter-end, total equity investment in ITA had a fair value of $749,0000; Rand also has a $3.5 million debt investment