10-Q
--12-31false0001513363Q1oneone2019 2020 2021five yearshttp://www.fdus.com/20240331#PfanstiehlIncMemberhttp://www.fdus.com/20240331#PfanstiehlIncMemberhttp://www.fdus.com/20240331#PfanstiehlIncMemberhttp://www.fdus.com/20240331#PfanstiehlIncMemberhttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#RealizedInvestmentGainsLosseshttp://fasb.org/us-gaap/2023#Assetshttp://fasb.org/us-gaap/2023#Assets0001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Common Equity (1,000 Units) Investment date 7/21/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services Common Equity (24 units) Investment date 11/6/20202023-12-310001513363fdus:FirstLienDebtMember2023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272024-03-310001513363fdus:EblLlcMemberfdus:ControlInvestmentsMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services Common Equity (573 units) Investment date 2/7/20192024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Subordinated Debt Rate Cash 11.00% Rate PIK 0.00% Investment date 12/31/2021 Maturity 12/31/20272024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services2023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services Common Equity (1,000,000 units) Investment date 6/25/20212024-01-012024-03-310001513363fdus:OnepathSystemsLlcMemberfdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363us-gaap:FairValueInputsLevel3Member2024-01-012024-03-310001513363fdus:FirstLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Subordinated Debt ($417 unfunded commitment) Rate Cash/PIK 8.75%/5.00% Investment date 12/30/2022 Maturity 6/30/20292023-12-310001513363us-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMember2023-12-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Industry Healthcare Services Warrant (57,469 units) Investment date 3/5/20122023-01-012023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.50% Investment Date 10/1/2021 Maturity Date 12/31/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment date 11/9/20232023-12-310001513363Non-control/Non-affiliate Investments The Kyjen Company, LLC (dba Outward Hound) Consumer Products Common Equity (855 shares) Investment date 12/8/20172023-12-310001513363us-gaap:InvestmentAffiliatedIssuerMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Common Equity (5,341 units) Investment date 9/21/20212023-01-012023-12-310001513363fdus:SeventeenAndSixteenPortfolioCompanyInvestmentsMember2023-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2024-03-310001513363us-gaap:CommonStockMember2024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Preferred Equity (563 shares) Investment date 3/3/20222024-03-310001513363fdus:SmallBusinessAdministrationDebenturesMember2024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Industry Utilities: Services2023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Industry Component Manufacturing Second Lien Debt Variable Index Spread (S + 9.75%) Variable Index Floor (2.50%) Rate Cash 5.46% Rate PIK 9.75% Investment date 4/13/2022 Maturity 6/30/20262023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services2023-12-310001513363fdus:SpecialDividendMember2023-10-300001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Common Equity (500 units) Investment Date 10/1/20212023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (74 units) Investment date 12/29/20212023-01-012023-12-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) Restaurants2024-03-310001513363Investments and Money Market Funds2023-12-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services Common Equity (1,000,000 units) Investment date 4/1/20212024-03-310001513363Non-control/Non-affiliate Investments Pinnergy, Ltd. Oil & Gas Services Subordinated Rate Cash 9.00% Rate PIK 0.00% Investment date 6/30/2022 Maturity 6/30/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Preferred Equity (12,500 units) Investment date 9/18/20232023-01-012023-12-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing Common Equity (12,035 units) Investment date 8/25/20212023-12-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 10.00%) Variable Index Floor (1.00%) Rate Cash 16.59% Rate PIK 0.00% Investment date 3/18/2022 Maturity 3/18/20272024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Common Equity (400,000 units) Investment date 2/28/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Common Equity (563 shares) Investment date 3/3/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Common Equity (1 unit) Investment date 6/20/20232024-03-310001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2022-08-170001513363Non-control/Non-affiliate Investments Zonkd, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 10.00%) Variable Index Floor (1.00%) Rate Cash 16.59% Rate PIK 0.00% Investment date 3/18/2022 Maturity 3/18/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Palmetto Moon, LLC Retail Common Equity (499 units) Investment date 11/3/20162024-01-012024-03-310001513363Non-control/Non-affiliate Investments CRS Solutions Holdings, LLC (dba CRS Texas) Business Services Common Equity (Class A Units) (574,929 units) Investment date 6/28/20222024-01-012024-03-310001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2020-06-262020-06-260001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) Restaurants Preferred Equity (9,787 units) Investment date 11/3/20222024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateTwoMember2024-03-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Healthcare Services Warrant (57,469 units) Investment date 3/5/20122024-03-310001513363fdus:SmallBusinessAdministrationDebenturesMember2023-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 12/22/2023 Maturity Date 12/22/20292024-03-310001513363fdus:SupplementalDividendMember2022-02-150001513363 Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 9/30/2022 Maturity 9/30/20272024-01-012024-03-310001513363us-gaap:AdditionalPaidInCapitalMember2023-01-012023-03-310001513363fdus:AffiliateInvestmentsMemberfdus:ApplegateGreenfiberIntermediateIncMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 4/25/2023 Maturity 6/30/20282024-01-012024-03-310001513363Affiliate Investments Steward Holding LLC (dba Steward Advanced Materials) Aerospace & Defense Manufacturing Common Equity (1,000,000 units) Investment Date 11/12/20152023-01-012023-12-3100015133632011-06-202011-06-200001513363Non-control/Non-affiliate Investments Zonkd, LLC Component Manufacturing Common Equity (4,987 units) Investment date 3/18/20222024-03-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Common Equity (536 units) Investment date 10/11/20232023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateOneMember2024-01-012024-03-310001513363fdus:AmericanAllwasteLlcDbaWasteWaterTransportServicesFirstLienDebtMember2024-03-310001513363fdus:ControlInvestmentsMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:MedsurantHoldingsLlcMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Revolving Loan ($1500 Unfunded Commitment Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.37% Rate PIK 0.00% Investment Date 12/22/2023 Maturity 12/22/20292023-01-012023-12-310001513363fdus:GmpHvacLlcDbaMcgeeHeatingAirLlcRevolvingLoanMember2023-12-310001513363Non-control/Non-affiliate Investments Combined Systems, Inc Aerospace & Defense Manufacturing Revolving Loan ($2400 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Revolving Loan ($1000 Unfunded Commitment Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.89% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272023-01-012023-12-310001513363us-gaap:SubordinatedDebtMember2023-12-310001513363fdus:FivePointThreeFourOnePercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services2024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Preferred Equity (495 shares) Investment date 8/10/20212024-03-310001513363 Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 9/30/2022 Maturity 9/30/20272024-03-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S + 6.50%) Variable Index Floor (2.50%) Rate Cash 11.83% Rate PIK 0.00% Investment date 3/7/2024 Maturity 3/7/20292024-03-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Produ2023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.66% Rate PIK 0.00% Investment date 10/11/2023 Maturity 10/11/20292023-01-012023-12-310001513363fdus:ThreePointTwoSixZeroPercentInterestRateMember2024-01-012024-03-310001513363us-gaap:FairValueInputsLevel2Member2023-12-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMember2024-03-3100015133632022-05-022022-05-020001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S + 6.50%) Variable Index Floor (2.50%) Rate Cash 11.83% Rate PIK 0.00% Investment date 3/7/2024 Maturity 3/7/20292024-01-012024-03-310001513363fdus:RaymondJamesAndAssociatesIncAndRobertWBairdAndCoMemberus-gaap:CommonStockMember2024-01-012024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (7,113 units) Investment date 12/31/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 9.59% Rate PIK 0.00% Investment date 6/28/2021 Maturity 3/31/20252024-01-012024-03-3100015133632022-05-020001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (500 units) Investment Date 5/31/20182024-03-310001513363us-gaap:CarryingReportedAmountFairValueDisclosureMemberfdus:VirtexEnterprisesLpMember2024-03-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-03-310001513363Non-control/Non-affiliate Investments Pinnergy, Ltd. Oil & Gas Services Subordinated Rate Cash 9.00% Rate PIK 0.00% Investment date 6/30/2022 Maturity 6/30/20272023-12-310001513363Non-control/Non-affiliate Investments2024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (5,837 units) Investment date 3/23/20162023-12-310001513363fdus:UnitedStatesNortheastMember2023-12-310001513363fdus:AffiliateInvestmentsMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Quantum IR Technologies, LLC Information Technology Services2024-03-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2023-12-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.50% Investment Date 10/1/2021 Maturity Date 12/31/20262024-03-310001513363fdus:TediaCompanyLlcRevolvingLoanMember2023-12-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Common Equity (5,461 units) Investment date 9/21/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Bedford Precision Parts LLC Specialty Distribution Common Equity (500,000 units) Investment date 3/12/20192024-03-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services Common Equity (500,000 units) Investment date 2/23/20242024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (524,624 units) Investment date 8/3/20232023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:CardbackIntermediateLLCMember2024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services First Lien Debt Variable Index Spread / Floor (S + 7.25%) / (2.00%) Rate Cash/PIK 12.69%/0.00% Investment date 11/25/2019 Maturity 11/25/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Common Equity (909 shares) Investment date 12/31/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments IBH Holdings, LLC (fka Inflexxion, Inc.) Business Services Common Equity (150,000 units) Investment date 6/20/20182024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing First Lien Debt (S + 6.25%) Variable Index Floor (1.50%) Rate Cash 11.14% Rate PIK 0.50% Investment date 3/1/2023 Maturity 3/1/20282023-01-012023-12-310001513363fdus:SuitedConnectorLlcMemberus-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001513363fdus:DividendReinvestmentPlanMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Fishbowl Solutions, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.40% Rate PIK 0.00% Investment date 3/25/2022 Maturity 3/25/20222023-01-012023-12-310001513363fdus:TwoPointSevenNineThreePercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Preferred Equity (1,250,000 units) Investment Date 11/1/20232024-01-012024-03-310001513363fdus:SecondLienDebtMember2023-01-012023-12-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMember2024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Common Equity (1,000 Units) Investment date 7/21/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Subordinated Debt Rate Cash 7.50% Rate PIK 7.50% Investment date 7/21/2023 Maturity 7/21/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Common Equity (500,000 shares) Investment date 10/6/20212023-01-012023-12-310001513363fdus:DividendReinvestmentPlanMember2023-01-012023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateFourMember2024-03-310001513363fdus:SpecialDividendMember2023-08-012023-08-010001513363fdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363fdus:UnitedStatesNortheastMember2023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMembersrt:WeightedAverageMember2023-12-310001513363fdus:EquityInvestmentMember2023-12-310001513363Non-control/Non-affiliate Investments Comply365, LLC Aerospace & Defence Manufacturing Common Equity (868,922 units) Investment date 12/22/20232023-12-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Industry Healthcare Services Warrant (57,469 units) Investment date 3/5/20122023-12-3100015133632024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services2023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:CardbackIntermediateLLCMember2023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Common Equity (1,000 Units) Investment date 7/21/20232024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (74 units) Investment Date 12/29/20212024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Common Equity (500,000 shares) Investment date 10/6/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (515 shares) Investment date 2/1/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Common Equity (563 shares) Investment date 3/3/20222024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Revolving Loan Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 2024-01-012024-03-310001513363fdus:BpThriftBuyerLlcMemberfdus:FirstLienDebtMemberfdus:RetailSectorsMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272024-01-012024-03-3100015133632023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Subordinated Debt Rate Cash 10.00% Rate PIK 1.00% Investment date 3/3/2022 Maturity 3/3/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments US Fertility Enterprises, LLC Industry Healthcare Services Subordinated Debt Rate Cash 0.00% Rate PIK 13.75% Investment date 5/19/2023 Maturity 6/1/20282023-01-012023-12-310001513363fdus:DividendReinvestmentPlanMember2022-04-012022-06-300001513363Non-control/Non-affiliate Investments ServicePower, Inc. Information Technology Services First Lien Debt Variable Index Spread / Floor (S + 8.00%) / (3.25%) Rate Cash/PIK 13.33%/0.00% Investment date 3/15/2024 Maturity 3/15/20282024-03-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (947 shares) Investment date 9/21/20182023-01-012023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FishbowlSolutionsLlcMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Common Equity (1,000 units) Investment Date 7/8/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) (ad) Restaurants Preffered Equity (9,787 units) Investment date 11/3/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Bedford Precision Parts LLC Specialty Distribution Common Equity (500,000 units) Investment date 3/12/20192023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 13.00% Rate PIK 0.00% Investment date 4/5/2021 Maturity 4/5/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services2024-03-3100015133632023-08-010001513363fdus:TwoPointThreeSevenSevenPercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 13.00% Rate PIK 0.00% Investment date 4/5/2021 Maturity 4/5/20262023-12-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Industry Component Manufacturing First Lien Debt Variable Index Spread (S + 10.00%) Variable Index Floor (1.00%) Rate Cash 16.63% Rate PIK 0.00% Investment date 3/18/2022 Maturity 3/18/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Second Lien Debt Variable Index Spread ( S+9.50%) Variable Index Floor (1.00%) Rate Cash 15.15% Rate PIK 0.00% Investment date 9/21/2021 Maturity 3/21/20292023-01-012023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Revolving Loan ($1,442 unfunded commitment) Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292024-01-012024-03-310001513363fdus:DividendReinvestmentPlanMember2022-01-012022-03-310001513363Non-control/Non-affiliate Investments The Kyjen Company, LLC (dba Outward Hound) Consumer Products Common Equity (855 shares) Investment date 12/8/20172023-01-012023-12-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) (ad) Restaurants Common Equity (14,201 units) Investment date 11/3/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 4/25/2023 Maturity 6/30/20282024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Common Equity (1,000 units) Investment Date 7/8/20222023-01-012023-12-310001513363Affiliate Investments Medsurant Holding LLC Healthcare Services Preferred Equity (84,997 units) Investment date 4/12/20112024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Industry Utilities: Services First Lien Debt Variable Index Spread ( S + 8.50%) Variable Index Floor (2.50%) Rate Cash 14.04% Rate PIK 0.00% Investment date 2/23/2023 Maturity 2/23/20282023-12-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Industry Healthcare Services Preferred Equity (98,377 units) Investment date 4/1/20122023-12-310001513363Non-control/Non-affiliate Investments AOM Intermediate Holdco, LLC (dba AllOver Media) Information Technology Services Common Equity (1,232 units) Investment Date 2/1/20222024-01-012024-03-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail First Lien Debt Variable Index Spread / Floor (S + 7.00%) / (2.00%) Rate Cash/PIK 13.09%/0.00% Investment date 1/4/2024 Maturity 1/4/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Magenta Buyer LLC (dba Trellix) Information Technology Services Second Lien Debt Variable Index Spread (S+8.25%) Variable Index Floor (0.75%) Rate Cash 13.89% Rate PIK 0.00% Investment date 7/19/2022 Maturity 7/27/20292023-01-012023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc Healthcare Services First Lien Debt Variable Index Spread (S + 8.25%) Variable Index Floor (2.00%) Rate Cash 13.80% Rate PIK 0.00% Investment date 10/11/2019 Maturity 10/11/20242024-03-310001513363us-gaap:FairValueInputsLevel1Memberfdus:EquityInvestmentMember2024-03-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Subordinated Debt Rate Cash 11.00% Rate PIK 2.00% Investment date 12/30/2022 Maturity 11/23/20272024-03-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Preferred Equity (84,997 units) Investment date 4/12/20112023-01-012023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 12.96% Rate PIK 0.00% Investment date 4/5/2021 Maturity 4/5/20262024-03-310001513363country:CA2024-01-012024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services2023-12-310001513363fdus:FivePointThreeFourOnePercentInterestRateOneMember2024-03-310001513363fdus:LevelEducationGroupLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Pool & Electrical Products, LLC Oil & Gas Services Common Equity (15,000 units) Investment date 10/28/20202024-03-310001513363srt:MaximumMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMember2024-03-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Common Equity (97 units) Industry Business Services Investment date 2/3/20232024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Common Equity (100 shares) Investment date 3/19/20212023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail 2023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222023-12-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Industry Utilities: Services Common Equity ( Units N/ A) Investment date 2/21/20232023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMembersrt:MinimumMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services2024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMembersrt:MinimumMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363us-gaap:EstimateOfFairValueFairValueDisclosureMemberfdus:VirtexEnterprisesLpMember2023-12-310001513363us-gaap:CarryingReportedAmountFairValueDisclosureMemberfdus:VirtexEnterprisesLpMember2023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries2023-12-310001513363fdus:FivePointFourThreeNinePercentInterestRateTwoMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Revolving Loan ($2,400 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.41% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272023-01-012023-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (38,493 units) Investment date 12/16/20222024-03-310001513363fdus:InvestmentAdvisoryAgreementMember2023-01-012023-03-310001513363srt:MaximumMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.09% Rate PIK 0.00% Investment date 6/28/2021 Maturity 3/31/20252024-01-012024-03-3100015133632024-02-142024-02-140001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (141 units) Investment Date 11/2/20202024-03-310001513363fdus:DividendReinvestmentPlanMember2023-10-012023-12-310001513363fdus:TwoPointOneSevenTwoPercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services2024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363fdus:FivePointSevenThreeFivePercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments Allredi LLC (fka Macro Group International OpCo. LLC) Industrial Cleaning & Coatings Common Equity (39,443 units) Investment date 11/24/20212024-03-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services2023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001513363fdus:TwoPointOneSevenTwoPercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Revolving Loan ($3,326 unfunded commitment) Rate Cash 15.00% Rate PIK 0.00% Investment date 3/28/2024 Maturity 3/31/20252024-01-012024-03-310001513363Non-control/Non-affiliate Investments Magenta Buyer LLC (dba Trellix) Information Technology Services Second Lien Debt Variable Index Spread (S+8.25%) Variable Index Floor (0.75%) Rate Cash 13.89% Rate PIK 0.00% Investment date 7/19/2022 Maturity 7/27/20292023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Revolving Loan ($1500 Unfunded Commitment Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.37% Rate PIK 0.00% Investment Date 12/22/2023 Maturity 12/22/20292023-12-310001513363fdus:DividendReinvestmentPlanMember2023-07-012023-09-300001513363fdus:AffiliateInvestmentMembersrt:MinimumMember2024-01-012024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Second Lien Debt Rate Cash 10.00% Rate PIK 3.00% Investment date 7/3/2014 Maturity 8/30/20242023-12-310001513363Affiliate Investments Steward Holding LLC (dba Steward Advanced Materials) Aerospace & Defense Manufacturing Common Equity (1,000,000 units) Investment Date 11/12/20152024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings2024-03-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail Common Equity (1,000 units) Investment date 9/13/20222024-01-012024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateOneMember2024-03-310001513363Non-control/Non-affiliate Investments W50 Holdings, LLC Business Services Subordinated Debt Rate Cash 8.00% Rate PIK 4.50% Investment date 3/22/2024 Maturity 3/24/20312024-01-012024-03-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 11/8/2022 Maturity Date 11/8/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (500 units) Investment date 5/31/20182023-12-310001513363fdus:SupplementalDividendMember2023-02-152023-02-150001513363fdus:ThreePointFiveZeroPercentNotesDueTwoThousandTwentySixMember2021-10-080001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Subordinated Debt Rate Cash 7.25% Rate PIK 7.25% Investment date 3/4/2022 Maturity 9/4/20272023-12-310001513363us-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:PfanstiehlIncMember2024-01-012024-03-310001513363fdus:DividendTwoMember2022-08-010001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Common Equity (3,974 units) Investment Date 12/22/20232024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Preferred Equity (1,000 Units) Investment date 7/21/20232024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Preferred Equity (500,000 units) Investment date 8/21/20232023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 11/8/2022 Maturity Date 11/8/20272024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services2024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Subordinated Debt Rate Cash 11.50% Rate PIK 2.00% Investment date 2/28/2023 Maturity 11/30/20272024-03-310001513363Non-control/Non-affiliate Investments AOM Intermediate Holdco, LLC (dba AllOver Media) Information Technology Services Common Equity (1,232 units) Investment Date 2/1/20222023-12-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services2023-12-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services2024-03-310001513363us-gaap:CommonStockMember2024-02-290001513363Non-control/Non-affiliate Investments Pool & Electrical Products, LLC Oil & Gas Services Common Equity (15,000 units) Investment date 10/28/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services Common Equity (256,964 units) Investment date 4/5/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Warrant (150,000 shares) Investment date 10/6/20212024-03-310001513363fdus:DividendReinvestmentPlanMember2022-07-012022-09-300001513363Non-control/Non-affiliate Investments R.F. Fager Company LLC Specialty Distribution Common Equity (12,500 units) Investment date 3/04/20242024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Utilities: Services First Lien Debt Variable Index Spread (S + 8.50%) Variable Index Floor (2.50%) Rate Cash 13.98% Rate PIK 0.00% Investment date 2/23/2023 Maturity 2/23/20282024-03-310001513363fdus:FivePointFourthreeNinePercentInterestRateMember2024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (2,522 units) Investment Date 7/3/20142023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (0.50%) Rate Cash 9.05% Rate PIK 0.00% Investment date 7/30/2021 Maturity 6/25/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Common Equity (500,000 units) Investment date 6/21/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Subordinated Debt Rate Cash 11.50% Rate PIK 2.00% Investment date 2/28/2023 Maturity 11/30/20272023-12-310001513363fdus:PugetCollisionLLCMemberfdus:FirstLienDebtMemberfdus:RetailSectorsMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing2024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor(1.00%) Rate Cash 11.36% Rate PIK 0.00% Investment date 2/12/2021 Maturity 2/11/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services2024-03-310001513363Non-control/Non-affiliate Investments W50 Holdings, LLC Business Services2024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.25%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/20272024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (38,493 units) Investment date 12/16/20222023-12-310001513363fdus:AmericanAllwasteLlcMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:EnvironmentalIndustriesMember2024-03-310001513363fdus:AffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services Common Equity (1,000,000 units) Investment date 4/1/20212024-01-012024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateThreeMember2024-01-012024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:PfanstiehlIncMember2022-12-310001513363fdus:ElementsBrandsLlcRevolvingLoanMember2024-03-3100015133632024-02-140001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail Common Equity (1,000 units) Investment date 9/13/20222024-03-310001513363srt:MaximumMemberus-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Member2024-03-310001513363us-gaap:CommonStockMember2023-01-012023-03-310001513363us-gaap:MoneyMarketFundsMember2024-03-3100015133632022-02-150001513363Non-control/Non-affiliate Investments2023-12-310001513363us-gaap:SeniorNotesMember2023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services First Lien Debt Rate Cash 12.00% Rate PIK 0.00% Investment date 1/3/2024 Maturity 1/3/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services2024-03-310001513363us-gaap:EstimateOfFairValueFairValueDisclosureMemberfdus:SuitedConnectorLlcMember2023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:AutoCrmLlcMember2024-03-310001513363fdus:UnitedStatesSouthwestMember2023-01-012023-12-310001513363fdus:FirstLienDebtMemberfdus:HealthcareServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:HaematologicTechnologiesIncMember2023-12-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services Common Equity (732,542 shares) Investment date 9/30/20222024-03-310001513363fdus:ThreePointTwoZeroNinePercentInterestRateMember2024-01-012024-03-310001513363Total Affiliate Investments2024-03-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2024-03-310001513363Non-control/Non-affiliate Investments Netbase Solutions, Inc. (dba Netbase Quid) Information Technology Services First Lien Debt Variable Index Spread (P+4.00%) Variable Index Floor (3.25%) Rate Cash 12.50% Rate PIK 0.00% Investment date 11/18/2021 Maturity 11/18/20252024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (500 units) Investment date 5/31/20182024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.25%) Rate Cash 11.14% Rate PIK 2.00% Investment date 6/21/2023 Maturity 6/21/20282023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2024-01-012024-03-310001513363fdus:IsiPsgHoldingsLlcMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:FirstLienDebtOneMember2023-12-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution Preferred Equity (Units N/A) Investment date 12/10/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services 2023-12-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing Common Equity (12,035 units) Investment date 8/25/20212023-01-012023-12-310001513363fdus:SupplementalDividendMember2024-02-142024-02-140001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing Common Equity (14,400 shares) Investment date 2/17/20222024-01-012024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (4,663 units) Investment date 9/16/20222024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Common Equity (4,735 units) Investment date 9/18/20232024-01-012024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:MedsurantHoldingsLlcMember2023-12-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services Common Equity (500,000 units) Investment date 2/23/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments W50 Holdings, LLC Business Services Preferred Equity (Units N/A) ($100 unfunded commitment) Investment date 3/21/20242024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing2024-03-310001513363Non-control/Non-affiliate Investments Tiger Calcium Services Inc. Transportation services Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 12/21/2022 Maturity 5/31/20252024-03-310001513363Non-control/Non-affiliate Investments The Kyjen Company, LLC (dba Outward Hound) Consumer Products Common Equity (855 shares) Investment date 12/8/20172024-03-310001513363Non-control/Non-affiliate Investments AOM Intermediate Holdco, LLC (dba AllOver Media) Information Technology Services Common Equity (1,232 units) Investment Date 2/1/20222024-03-310001513363us-gaap:SubordinatedDebtMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Second Lien Debt Rate Cash 0.00% Rate PIK 15.00% Investment date 3/2/2020 Maturity 9/2/20262024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services First Lien Debt Variable Index Spread (S +6.50%) Variable Index Floor (2.00%) Rate Cash 11.58% Rate PIK 0.00% Investment date 6/30/2023 Maturity 6/29/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment Date 11/9/20232024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Preferred Equity (1,250,000 units) Investment Date 11/1/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products Revolving Loan Rate Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 12/31/20242024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.50%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/20272023-12-310001513363country:CA2024-03-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Preferred Equity (5,000 units) Investment date 10/11/20232024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (89 units) Investment date 6/26/20232023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services2023-12-310001513363fdus:FirstLienDebtMember2024-03-310001513363fdus:UnitedStatesSouthwestMember2023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:DealerbuiltAcquisitionLlcMember2023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateTwoMember2024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-03-310001513363fdus:ThreePointFiveZeroPercentNotesDueTwoThousandTwentySixMember2021-10-082021-10-080001513363fdus:SecuredBorrowingsMember2023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S+6.75%) Variable Index Floor (0.50%) Rate Cash 12.23% Rate PIK 0.00% Investment date 6/25/2021 Maturity 6/25/20262024-03-310001513363fdus:QedTechnologiesInternationalIncMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ComponentManufacturingMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:MedsurantHoldingsLlcMember2022-12-310001513363fdus:FivePointEightSixOnePercentInterestRateTwoMember2024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC ) Utilities: Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.38% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Preferred Equity (868 units) Investment date 10/16/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Healthcare Services2024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Common Equity (500,000 units) Investment date 6/21/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (637 units) Investment date 8/7/20232023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC ) Utilities: Services 2023-12-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail Common Equity (293 units) Investment date 1/4/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services Common Equity (1,000,000 units) Investment date 6/25/20212023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Revolving Loan ($2,400 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.41% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272023-12-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Industry Component Manufacturing Common Equity (4,987 units) Investment date 3/18/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Les) Business Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.00%) Rate Cash 11.34% Rate PIK 0.00% Investment date 4/1/2021 Maturity 4/1/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Common Equity (752,380 units) Investment date 7/26/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262023-01-012023-12-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMembersrt:WeightedAverageMember2023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.37% Rate PIK 0.00% Investment date 12/22/2023 Maturity 12/22/20292023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services2024-03-310001513363fdus:RestaurantsMemberfdus:CommonAndPreferredEquityUnitsMemberfdus:BurgerfiInternationalLlcMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363fdus:OnePointThreeNineEightPercentInterestRateMember2023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateOneMember2023-12-310001513363fdus:ControlInvestmentsMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Revolving Loan ($1,442 unfunded commitment) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution2023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Revolving Loan ($1,500 unfunded commitment) Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 12/22/2023 Maturity Date 12/22/20292024-03-310001513363srt:MaximumMemberus-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Member2023-12-310001513363srt:MaximumMemberfdus:InvestmentAdvisoryAgreementMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Common Equity (7,883 units) Investment date 6/30/20232023-12-310001513363fdus:SmallBusinessAdministrationDebenturesMember2023-01-012023-03-310001513363fdus:IsiPsgHoldingsLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Preferred Equity (563 shares) Investment date 3/3/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (1,461 shares) Investment date 9/21/20182024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (5,837 units) Investment date 3/23/20162024-01-012024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services First Lien Debt Variable Index Spread / Floor (S + 7.25%) / (2.00%) Rate Cash/PIK 12.69%/0.00% Investment date 11/25/2019 Maturity 11/25/20242024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.25%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services First Lien Debt Variable Index Spread (S +7.00%) Variable Index Floor (2.00%) Rate Cash 12.33% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Subordinated Debt Rate Cash 11.00% Rate PIK 0.00% Investment date 12/31/2021 Maturity 12/31/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Preferred Equity (7,883 units) Investment date 6/30/20232023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail First Lien Debt Variable Index Spread (S + 8.50%) Variable Index Floor (1.00%) Rate Cash 13.84% Rate PIK 0.00% Investment date 4/28/2023 Maturity 9/12/20272023-01-012023-12-310001513363fdus:RestaurantsMemberfdus:CommonAndPreferredEquityUnitsMemberfdus:BurgerfiInternationalLlcMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.41% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272023-01-012023-12-310001513363Total Control Investments2023-12-310001513363fdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:HealthcareServicesMemberfdus:HaematologicTechnologiesIncMember2024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services First Lien Debt Variable Index Spread (S+6.50%) Variable Index Floor (0.75%) Rate Cash 12.09% Rate PIK 0.00% Investment date 08/10/2021 Maturity 8/10/20262024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Subordinated Debt Rate Cash 7.25% Rate PIK 7.25% Investment date 3/4/2022 Maturity 9/4/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services2023-12-310001513363Non-control/Non-affiliate Investments CRS Solutions Holdings, LLC (dba CRS Texas) Business Services Common Equity (574,929 units) Investment date 6/28/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (4.00%) Rate Cash 11.15% Rate PIK 1.00% Investment date 7/21/2023 Maturity 7/21/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services First Lien Debt Variable Index Spread (S+8.00%) Variable Index Floor (2.50%) Rate Cash 13.33% Rate PIK 0.00% Investment date 6/20/2023 Maturity 6/16/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Common Equity (500,000 units) Investment date 6/21/20232023-12-310001513363us-gaap:MoneyMarketFundsMember2023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:TwoKDirectIncMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:FirstLienDebtOneMember2024-03-310001513363Non-control/Non-affiliate Investments Pool & Electrical Products, LLC Oil & Gas Services Common Equity (15,000 units) Investment date 10/28/20202023-01-012023-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 6.75%) Variable Index Floor (1.00%) Rate Cash 12.24% Rate PIK 0.00% Investment date 2/28/2023 Maturity 11/30/20262024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC ) Utilities: Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.38% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282023-01-012023-12-310001513363us-gaap:AdditionalPaidInCapitalMember2022-12-310001513363fdus:BpThriftBuyerLlcMemberfdus:FirstLienDebtMemberfdus:RetailSectorsMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363fdus:AldingerCompanyMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services2024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing Common Equity (140 shares) Investment date 2/28/2023 2024-03-310001513363fdus:ChoiceTechnologySolutionsLlcDbaChoiceMerchantSolutionsLlcRevolvingLoanMember2023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Common Equity (500,000 shares) Investment date 10/6/20212024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Subordinated Debt Rate Cash 10.00% Rate PIK 0.00% Investment date 12/31/2021 Maturity 12/31/20272023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (74 units) Investment date 12/29/20212024-03-310001513363us-gaap:EstimateOfFairValueFairValueDisclosureMemberfdus:VirtexEnterprisesLpMember2024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing First Lien Debt Variable Index Spread (S + 5.50%) Variable Index Floor(1.00%) Rate Cash 11.40% Rate PIK 0.00% Investment date 2/12/2021 Maturity 2/11/20262024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMember2023-12-310001513363fdus:FivePointEightSixOnePercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Industry Utilities: Services First Lien Debt Variable Index Spread ( S + 8.50%) Variable Index Floor (2.50%) Rate Cash 14.04% Rate PIK 0.00% Investment date 2/23/2023 Maturity 2/23/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments Fishbowl Solutions, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.40% Rate PIK 0.00% Investment date 3/25/2022 Maturity 3/25/20222023-12-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment Date 11/9/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services Preferred Equity (1,184,711 units) Investment date 11/6/20202023-12-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Member2023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Speciality Distribution First Lien Debt Rate Cash 11.75% Rate PIK 1.50% Investment date 11/14/2023 Maturity 11/13/20282024-01-012024-03-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services2023-12-310001513363Non-control/Non-affiliate Investments R.F. Fager Company LLC Specialty Distribution2024-03-310001513363us-gaap:SubordinatedDebtMember2024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services Common Equity (256,964 units) Investment date 4/5/20212024-01-012024-03-310001513363us-gaap:AdditionalPaidInCapitalMember2024-01-012024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMembersrt:WeightedAverageMember2023-12-310001513363us-gaap:RevolvingCreditFacilityMembersrt:MaximumMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2019-04-242019-04-240001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Second Lien Debt Rate Cash/PIK 0.00%/12.00% Investment date 10/29/2021 Maturity 6/1/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail First Lien Debt Variable Index Spread (S + 8.50%) Variable Index Floor (1.00%) Rate Cash 13.84% Rate PIK 0.00% Investment date 4/28/2023 Maturity 9/12/20272023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Industry Component Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.50%) Rate Cash 11.84% Rate PIK 0.00% Investment date 11/8/2020 Maturity 11/6/20252023-01-012023-12-3100015133632023-01-012023-03-310001513363fdus:IsiPsgHoldingsLlcMemberfdus:BusinessServicesMemberfdus:FirstLienDebtOneMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Preferred Equity (5,000 units) Investment date 10/11/20232024-01-012024-03-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Member2024-03-310001513363Non-control/Non-affiliate Investments Tiger Calcium Services Inc. Transportation services Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 12/21/2022 Maturity 5/31/20252023-12-310001513363fdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (39,443 units) Investment date 11/24/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments Gurobi Optimization, LLC Information Technology Services Common Equity (3 shares) Investment date 12/19/20172023-12-310001513363Non-control/Non-affiliate Investments Pinnergy, Ltd. Oil & Gas Services Subordinated Rate Cash 9.00% Rate PIK 0.00% Investment date 6/30/2022 Maturity 6/30/20272024-01-012024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMembersrt:MinimumMember2024-03-310001513363fdus:FirstLienDebtMember2024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMembersrt:WeightedAverageMember2023-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (38,493 units) Investment date 12/16/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Subordinated Debt Rate Cash 9.00% Rate PIK 4.50% Investment Date 11/9/2023 Maturity Date 11/9/20302024-01-012024-03-310001513363fdus:FivePointZeroEightTwoPercentInterestRateOneMember2024-03-310001513363fdus:FidusInvestmentAdvisorsLlcMember2024-01-012024-03-310001513363 Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Preferred Equity (500,000 units) Investment date 8/21/20232024-03-310001513363Non-control/Non-affiliate Investments Comply365, LLC Aerospace & Defence Manufacturing Common Equity (868,922 units) Investment date 12/22/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Common Equity (909 shares) Investment date 12/31/20202024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:TwoKDirectIncMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing Common Equity (140 shares) Investment date 2/28/2023 2023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 8.89% Rate PIK 0.00% Investment date 9/13/2022 Maturity 9/13/20272023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Preferred Equity (1,000 Units) Investment date 7/21/20232023-12-310001513363fdus:ThreePointOneNineZeroPercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services First Lien Debt Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products First Lien Debt Variable Index Spread (S+6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 8/31/2023 Maturity 8/3/20272023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 9.50% Rate PIK 0.00% Investment date 6/30/2021 Maturity 4/5/20262023-01-012023-12-310001513363us-gaap:SubsequentEventMember2024-04-292024-04-290001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing First Lien Debt Variable Index Spread / Floor (S + 5.75%) / (1.50%) Rate Cash/PIK 11.08%/0.50% Investment date 3/1/2023 Maturity 3/1/20282024-03-310001513363fdus:SecondLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Cash 7.00% Rate PIK 7.00% Investment date 7/8/2022 Maturity 1/8/20282023-12-310001513363Non-control/Non-affiliate Investments MBS Opco, LLC (dba Marketron) Information Technology Services First Lien Debt Variable Index Spread (S+8.50%) Variable Index Floor (1.50%) Rate Cash 14.09% Rate PIK 0.00% Investment date 9/29/2022 Maturity 9/28/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services2023-12-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services Preferred Equity (1,184,711 units) Investment date 11/6/20202023-01-012023-12-310001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2022-08-172022-08-170001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222024-01-012024-03-310001513363fdus:AtTheMarketOfferingProgramMember2011-06-012024-03-310001513363Non-control/Non-affiliate Investments Hallmark Health Care Solutions, Inc. Healthcare Services Common Equity (3,645,752 units) Investment date 9/18/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution Common Equity (Class F Units) (710 units) Investment date 12/10/20202024-03-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Component Manufacturing2024-03-310001513363Non-control/Non-affiliate Investments Winona Foods, Inc. Industry Specialty Distribution First Lien Debt Variable Index Spread (S + 6.00%) Variable Index Floor (1.00%) Rate Cash 12.60% Rate PIK 0.00% Investment date 12/31/2023 Maturity 6/13/20272024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (4.00%) Rate Cash 11.15% Rate PIK 1.00% Investment date 7/21/2023 Maturity 7/21/20262023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments US Fertility Enterprises, LLC Healthcare Services Subordinated Debt Rate Cash 0.00% Rate PIK 13.75% Investment date 5/19/2023 Maturity 6/1/20282024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services2024-03-310001513363us-gaap:SubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (637 units) Investment date 8/7/20232024-03-310001513363Non-control/Non-affiliate Investments Quantum IR Technologies, LLC Information Technology Services Common Equity (12,183 shares) Investment date 3/19/20242024-01-012024-03-310001513363us-gaap:EquitySecuritiesMember2023-01-012023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberfdus:FirstLienDebtMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution2024-03-310001513363fdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ApmIntermediateHoldingsLlcMemberfdus:BuildingProductsManufacturingMember2024-03-310001513363fdus:FivePointFourthreeNinePercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services2024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor 1.00% Rate Cash 11.56% Rate PIK 0.00% Investment Date 7/8/2022 Maturity Date 7/8/20272024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Subordinated Debt Rate Cash 11.50% Rate PIK 0.00% Investment date 3/19/2021 Maturity 9/19/20262023-01-012023-12-310001513363us-gaap:WarrantMember2024-01-012024-03-310001513363fdus:SupplementalDividendMember2023-05-022023-05-020001513363srt:MaximumMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Common Equity (779) Industry Business Services Investment date 9/18/20182024-03-310001513363Non-control/Non-affiliate Investments The Kyjen Company, LLC (dba Outward Hound) Consumer Products Common Equity (855 shares) Investment date 12/8/20172024-01-012024-03-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.50% Investment date 10/1/2021 Maturity 12/31/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor 1.00% Rate Cash 11.56% Rate PIK 0.00% Investment Date 7/8/2022 Maturity Date 7/8/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Preferred Equity (868 units) Investment date 10/16/20202023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateMember2024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments BCM One Group Holdings, Inc. Information Technology Services Subordinated Debt RateCash 11.75% Rate PIK 0.00% Investment date 11/17/2021 Maturity 11/17/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Revolving Loan ($250 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Preferred Equity (1,000 units) Investment date 12/8/20232023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products Revolving Loan Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 6/30/20242023-01-012023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Preferred Equity (8,263 units) Investment Date 6/30/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (500 units) Investment date 5/31/20182023-01-012023-12-3100015133632023-02-150001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Preferred Equity (0.375 units) Investment date 6/20/20232023-12-310001513363srt:MinimumMember2023-12-310001513363fdus:NonControlOrNonAffiliateInvestmentsMember2023-01-012023-03-310001513363us-gaap:LineOfCreditMember2023-03-310001513363us-gaap:SeniorNotesMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) (ad) Restaurants Preffered Equity (9,787 units) Investment date 11/3/20222023-12-310001513363Total Affiliate Investments2023-12-310001513363fdus:UnitedStatesWestMember2023-12-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Member2024-03-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution Common Equity (Class A Units) (10,915) Investment date 08/11/20172024-03-310001513363Affiliate Investments Medsurant Holding LLC Healthcare Services Warrant (252,588 units) Investment date 4/12/20112024-01-012024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Second Lien Debt Rate Cash/PIK 0.00%/12.00% Investment date 10/29/2021 Maturity 6/1/20282024-03-310001513363fdus:DividendOneMember2022-08-010001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing First Lien Debt (S + 6.25%) Variable Index Floor (1.50%) Rate Cash 11.14% Rate PIK 0.50% Investment date 3/1/2023 Maturity 3/1/20282023-12-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Common Equity (280,000 units) ($70 unfunded commitment) Investment date 12/30/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments Winona Foods, Inc. Industry Specialty Distribution First Lien Debt Variable Index Spread (S + 6.00%) Variable Index Floor (1.00%) Rate Cash 12.60% Rate PIK 0.00% Investment date 12/31/2023 Maturity 6/13/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing Common Equity (14,400 shares) Investment date 2/17/20222023-12-310001513363us-gaap:LineOfCreditMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:PfanstiehlIncMember2023-12-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Cash 9.00% Rate PIK 4.50% Investment date 11/9/2023 Maturity 11/9/20302023-12-310001513363fdus:UsGreenfiberLlcMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Subordinated Debt Rate Cash 11.50% Rate PIK 0.00% Investment date 3/19/2021 Maturity 9/19/20262024-01-012024-03-310001513363fdus:AmeriwaterLlcMemberfdus:FirstLienDebtMemberfdus:ComponentManufacturingMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Preferred Equity (1,000 units) Investment date 12/8/20232024-03-310001513363fdus:PrimeAeGroupIncMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services2024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberfdus:FirstLienDebtMember2024-03-310001513363us-gaap:CommonStockMember2024-01-012024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMembersrt:MinimumMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services Preferred Equity (68,361 units Investment date 1/3/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments Allredi LLC (fka Macro Group International OpCo. LLC) Industrial Cleaning & Coatings Common Equity (570,636 units) Investment date 7/21/20172024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Common Equity (500,000 shares) Investment date 10/6/20212023-12-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Subordinated Debt Rate Cash 11.50% Rate PIK 0.00% Investment date 3/19/2021 Maturity 9/19/20262023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc Healthcare Services First Lien Debt Variable Index Spread (S + 8.25%) Variable Index Floor (2.00%) Rate Cash 13.80% Rate PIK 0.00% Investment date 10/11/2019 Maturity 10/11/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Common Equity (56,382 units) Investment date 12/1/20212024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (630 units) Investment date 10/11/20192024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products2023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (425,508 units) Investment Date 8/30/20192024-01-012024-03-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing2023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2024-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC2024-03-310001513363Non-control/Non-affiliate Investments Allredi LLC (fka Macro Group International OpCo. LLC) Industrial Cleaning & Coatings Common Equity (570,636 units) Investment date 7/21/20172024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (4,921 units) Investment date 9/16/20222024-01-012024-03-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing2024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services2024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Common Equity (56,382 units) Investment date 12/1/20212024-01-012024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Second Lien Debt Rate Cash 10.00% Rate PIK 3.00% Investment date 7/3/2014 Maturity 8/30/20242024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NetbaseSolutionsIncMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363fdus:ThreePointTwoZeroNinePercentInterestRateMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2024-01-012024-03-310001513363fdus:NonControlOrNonAffiliateInvestmentsMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Sonicwall US Holdings, Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.00%) Rate Cash/PIK 13.01%/0.00% Investment date 9/6/2022 Maturity 5/18/20262023-01-012023-12-310001513363fdus:DiversifiedSearchLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products2024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing Common Equity (14,400 shares) Investment date 2/17/20222024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments Quantum IR Technologies, LLC Information Technology Services Common Equity (12,183 shares) Investment date 3/19/20242024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:DealerbuiltAcquisitionLlcMember2024-03-310001513363us-gaap:FairValueInputsLevel1Member2024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services2023-12-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services2024-03-310001513363us-gaap:WarrantMember2023-12-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Healthcare Services Preferred Equity (98,377 units) Investment date 4/1/20122024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Revolving Loan ($1000 Unfunded Commitment Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.89% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272023-12-310001513363fdus:FourPointSevenFivePercentNotesDueTwoThousandTwentySixMember2023-12-310001513363fdus:November2026NotesMember2021-10-082021-10-080001513363fdus:WonderwareHoldingsLlcDbaCoreBusinessTechnologiesMemberfdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments UBEO, LLC. Business Services Common Equity (705,000 units) Investment date 4/3/20182024-03-310001513363Non-control/Non-affiliate Investments UBEO, LLC. Business Services Common Equity (705,000 units) Investment date 4/3/20182023-01-012023-12-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Common Equity (752,380 units) Investment date 7/26/20212024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Preffered Equity (15,000 Units) Investment Date 12/22/20232023-12-310001513363us-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001513363Non-control/Non-affiliate Investments GP&C Operations, LLC (dba Garlock Printing and Converting) Component Manufacturing Common Equity (515,625 units) Investment date 1/22/20212024-03-310001513363us-gaap:WarrantMember2024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMember2024-03-310001513363us-gaap:SubordinatedDebtMember2023-01-012023-12-310001513363fdus:ThreePointOneNineZeroPercentInterestRateMember2023-12-310001513363fdus:UnitedStatesMidwestMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 9/30/2022 Maturity 9/30/20272023-12-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing Common Equity (12,035 units) Investment date 8/25/20212024-01-012024-03-310001513363fdus:DividendOneMember2022-08-012022-08-010001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Cash 9.00% Rate PIK 4.50% Investment date 11/9/2023 Maturity 11/9/20302023-01-012023-12-310001513363fdus:SecuredBorrowingsMember2024-03-310001513363fdus:FivePointZeroEightTwoPercentInterestRateTwoMember2023-12-310001513363 Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Preferred Equity (500,000 units) Investment date 8/21/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing2024-03-310001513363fdus:FirstLienDebtMemberfdus:ComponentManufacturingMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:MicronicsFiltrationHoldingsIncDbaMicronicsEngineeredFiltrationGroupIncMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:StewardHoldingLlcMember2022-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (6,783 units) Investment date 07/10/20232024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.11% Rate PIK 0.00% Investment date 2/7/2019 Maturity 9/30/20252023-12-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMembersrt:MinimumMember2024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Preferred Equity (Series A) (1,000 units) Investment date 3/4/20222024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Common Equity (495 shares) Investment date 8/10/20212023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (425,508 units) Investment Date 8/30/20192023-01-012023-12-310001513363fdus:UnitrancheInvestmentsMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (207 units) Investment Date 8/6/20192024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:MedsurantHoldingsLlcMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products Revolving Loan Rate Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 12/31/20242024-01-012024-03-310001513363fdus:ThreePointFiveZeroPercentNotesDueTwoThousandTwentySixMember2024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Common Equity (1 unit) Investment date 6/20/20232023-01-012023-12-310001513363fdus:SecuredBorrowingsMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Industry Component Manufacturing Common Equity (4,987 units) Investment date 3/18/20222023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Common Equity (536 units) Investment date 10/11/20232023-01-012023-12-310001513363fdus:AmeriwaterLlcMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ComponentManufacturingMember2024-03-310001513363fdus:SpecialDividendMember2023-05-022023-05-020001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Common Equity (795,000 units) Investment date 7/21/20212024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Subordinated Debt Rate Cash 7.50% Rate PIK 7.50% Investment date 7/21/2023 Maturity 1/21/20272024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 6.75%) Variable Index Floor (1.00%) Rate Cash 12.24% Rate PIK 0.00% Investment date 2/28/2023 Maturity 11/30/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments BCM One Group Holdings, Inc. Information Technology Services Subordinated Debt Rate Cash 11.75% Rate PIK 0.00% Investment date 11/17/2021 Maturity 11/17/20282024-01-012024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMembersrt:MinimumMember2023-12-310001513363fdus:AcendreMidcoIncRevolvingLoanMember2024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (4,663 units) Investment date 9/16/20222023-01-012023-12-310001513363fdus:SupplementalDividendTwoMember2022-08-012022-08-010001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMembersrt:WeightedAverageMember2023-12-310001513363fdus:FivePointEightSixOnePercentInterestRateThreeMember2023-12-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Common Equity (280,000 units) ($70 unfunded commitment) Investment date 12/30/20222024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Preffered Equity (15,000 Units) Investment Date 12/22/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) (ad) Restaurants Common Equity (14,201 units) Investment date 11/3/20222023-12-310001513363Non-control/Non-affiliate Investments Virginia Tile Company, LLC Industry Specialty Distribution Common Equity (17 Units) Investment date 12/19/20142023-01-012023-12-310001513363Non-control/Non-affiliate Investments CRS Solutions Holdings, LLC (dba CRS Texas) Business Services Common Equity (Class A Units) (574,929 units) Investment date 6/28/20222024-03-3100015133632023-05-022023-05-020001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.66% Rate PIK 0.00% Investment date 10/11/2023 Maturity 10/11/20292023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services2024-03-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (947 shares) Investment date 9/21/20182023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Preferred Equity (5,000 units) Investment date 10/11/20232023-01-012023-12-310001513363fdus:ThreePointOneNineZeroPercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Education Incites, LLC (dba Acceleration Academies) Business Services Second Lien Debt Cash 12.75% Rate PIK 0.00% Investment date 10/31/2022 Maturity 10/29/20272023-01-012023-12-310001513363fdus:FivePointFourThreeNinePercentInterestRateOneMember2024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (74 units) Investment date 12/29/20212023-12-310001513363fdus:SecuredBorrowingsMember2023-03-310001513363us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2022-08-170001513363fdus:FivePointFourThreeNinePercentInterestRateTwoMember2023-12-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Common Equity (4,735 units) Investment date 9/18/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Preferred Equity (1,000 Units) Investment date 7/21/20232024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings2023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products Revolving Loan Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 6/30/20242023-12-310001513363us-gaap:AdditionalPaidInCapitalMember2023-12-310001513363fdus:TwoPointThreeSevenSevenPercentInterestRateMember2024-01-012024-03-310001513363fdus:AcendreMidcoIncRevolvingLoanMember2023-12-310001513363fdus:LevelEducationGroupLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Preferred Equity (8,263 units) Investment Date 6/30/20232024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Revolving Loan ($3,326 unfunded commitment) Rate Cash 15.00% Rate PIK 0.00% Investment date 3/28/2024 Maturity 3/31/20252024-03-310001513363fdus:SecuredBorrowingsMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Business Services Common Equity (779 units) Investment date 9/18/20182024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (5,690 units) Investment date 12/31/20212023-01-012023-12-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Wonderware Holdings, LLC (dba CORE Business Technologies) Information Technology Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (1.00%) Rate Cash 12.60% Rate PIK 0.00% Investment date 2/10/2021 Maturity 9/30/20242024-01-012024-03-310001513363fdus:DividendReinvestmentPlanMember2023-01-012023-03-310001513363srt:MinimumMember2024-03-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing Common Equity (1,200 units) Investment Date 11/8/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services2024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services Common Equity (1,000,000 units) Investment date 4/1/20212023-12-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services First Lien Debt ($1,596 unfunded commitment) Variable Index Spread / Floor (S + 6.25%) / (1.00%) Rate Cash/PIK 11.72%/0.00% Investment date 12/30/2022 Maturity 12/30/20282023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.50% Investment date 10/1/2021 Maturity 12/31/20262023-12-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Component Manufacturing Common Equity (4,987 units) Investment date 3/18/20222024-01-012024-03-310001513363us-gaap:CommonStockMember2023-03-310001513363fdus:FivePointFourThreeNinePercentInterestRateOneMember2024-01-012024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateThreeMember2024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMembersrt:WeightedAverageMember2024-03-310001513363fdus:SupplementalDividendMember2022-11-032022-11-030001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services Common Equity (573 units) Investment date 2/7/20192023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Preferred Equity (1,000 Units) Investment date 7/21/20232023-01-012023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Common Equity (56,382 units) Investment date 12/1/20212023-01-012023-12-310001513363fdus:AdministrationAgreementMember2023-12-310001513363Affiliate Investments Pfanstiehl Inc Health Products Common Equity (2,550 units) Investment date 3/29/20132024-03-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Warrant (252,588 units) Investment date 4/12/20112023-12-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Common Equity (795,000 units) Investment date 7/21/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services Preferred Equity (900,000 shares) Investment date 11/25/20192024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (2.00%) Rate Cash 12.72% Rate PIK 0.00% Investment date 11/25/2019 Maturity 11/25/20242023-01-012023-12-310001513363Non-control/Non-affiliate Investments Combined Systems, Inc Aerospace & Defense Manufacturing Revolving Loan ($2400 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing Common Equity (1,200 units) Investment date 11/8/20222024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (39,443 units) Investment date 11/24/20212024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (141 units) Investment date 11/2/20202023-01-012023-12-310001513363us-gaap:InvestmentAffiliatedIssuerControlledMember2024-03-310001513363fdus:TwoPointOneSevenTwoPercentInterestRateMember2024-01-012024-03-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsSubordinatedDebtMember2024-03-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products First Lien Debt Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 6/30/20242023-12-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (2.50%) Rate Cash 11.83% Rate PIK 0.00% Investment date 3/7/2024 Maturity 3/7/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Common Equity (8,277 units) Investment Date 6/30/20232024-03-310001513363fdus:DividendReinvestmentPlanMember2022-01-012022-12-310001513363fdus:January2026NotesMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments UBEO, LLC. Business Services Common Equity (705,000 units) Investment date 4/3/20182024-01-012024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) Restaurants Common Equity (14,201 units) Investment date 11/3/20222024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Common Equity (1 unit) Investment date 6/20/20232024-01-012024-03-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2024-01-012024-03-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-12-310001513363us-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Common Equity (500 units) Investment Date 10/1/20212023-01-012023-12-310001513363fdus:SmallBusinessAdministrationDebenturesMember2024-03-310001513363us-gaap:FairValueInputsLevel1Member2023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (2.00%) Rate Cash 11.89% Rate PIK 0.00% Investment date 6/30/2023 Maturity 6/29/20292023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (7,113 units) Investment date 12/31/20212024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (39,443 units) Investment date 11/24/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Subordinated Debt Rate Cash 10.00% Rate PIK 1.00% Investment date 3/3/2022 Maturity 3/3/20282023-12-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (39,443 units) Investment date 11/24/20212023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products First Lien Debt Rate Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 12/31/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services2024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:StewardHoldingLlcMember2023-01-012023-12-310001513363fdus:W50HoldingsLlcPreferredEquityMember2024-03-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Member2023-12-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Industry Component Manufacturing2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:ApplegateGreenfiberIntermediateIncMember2024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services2023-12-310001513363fdus:SmallBusinessAdministrationDebenturesMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Second Lien Debt Cash 12.50% Rate PIK 1.00% Investment date 4/25/2016 Maturity 6/30/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (0.50%) Rate Cash 12.80% Rate PIK 0.00% Investment date 6/25/2021 Maturity 6/25/20262023-12-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Second Lien Debt Rate Cash 0.00% Rate PIK 15.00% Investment date 3/2/2020 Maturity 9/2/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 6.75%) Variable Index Floor (1.00%) Rate Cash 12.29% Rate PIK 0.00% Investment date 2/28/2023 Maturity 11/30/20262023-01-012023-12-310001513363 Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.83% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272024-01-012024-03-310001513363us-gaap:LineOfCreditMember2024-01-012024-03-310001513363fdus:SupplementalDividendMember2023-08-010001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products First Lien Debt Variable Index Spread (S+6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 8/31/2023 Maturity 8/3/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services2024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMembersrt:WeightedAverageMember2024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateThreeMember2023-12-310001513363fdus:ThreePointTwoSixZeroPercentInterestRateMember2023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (1,022,813 units) Investment Date 7/1/20202023-01-012023-12-310001513363us-gaap:SubsequentEventMemberfdus:SupplementalDividendMember2024-04-290001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Member2023-12-310001513363Non-control/Non-affiliate Investments Healthfuse, LLC Healthcare Services Preferred Equity (197,980 units) Investment date 11/13/20202023-01-012023-12-310001513363fdus:SeniorSecuredRevolvingCreditFacilityMember2024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Common Equity (752,380 units) Investment date 7/26/20212023-12-310001513363fdus:SpecialDividendMember2023-02-150001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing Common Equity (140 shares) Investment date 2/28/2023 2023-01-012023-12-310001513363Total Control Investments2024-03-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing 2024-03-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 11.14% Rate PIK 0.00% Investment date 9/13/2022 Maturity 9/13/20272023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products First Lien Debt Rate Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 12/31/20242024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services Common Equity (573 units) Investment date 2/7/20192023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Warrant (150,000 shares) Investment date 10/6/20212023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222024-03-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Common Equity (536 units) Investment date 10/11/20232024-01-012024-03-310001513363us-gaap:CommonStockMember2022-12-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services Preferred Equity (900,000 shares) Investment date 11/25/20192024-01-012024-03-310001513363Non-control/Non-affiliate Investments Ameriwater LLC Component Manufacturing2024-03-310001513363us-gaap:WarrantMember2023-01-012023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (7,113 units) Investment date 12/31/20212023-12-310001513363fdus:SupplementalDividendMember2023-10-302023-10-300001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.25%) Rate Cash 11.08% Rate PIK 2.00% Investment date 6/21/2023 Maturity 6/21/20282024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing First Lien Debt Variable Index Spread (S + 5.50%) Variable Index Floor(1.00%) Rate Cash 11.40% Rate PIK 0.00% Investment date 2/12/2021 Maturity 2/11/20262024-01-012024-03-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsSubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.50%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/2027 Principal Amount 9,3642023-01-012023-12-310001513363Non-control/Non-affiliate Investments GP&C Operations, LLC (dba Garlock Printing and Converting) Component Manufacturing Common Equity (515,625 units) Investment date 1/22/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services First Lien Debt Index Spread (S + 6.50%) Variable Index Floor(2.00%) Rate Cash 11.82% Rate PIK 0.00% Investment date 2/23/2024 Maturity 2/23/20292024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:MedsurantHoldingsLlcMember2024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries2024-03-310001513363us-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products2023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Common Equity (1,000 units) Investment Date 7/8/20222024-03-310001513363fdus:AmericanAllwasteLlcMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:EnvironmentalIndustriesMember2023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMembersrt:WeightedAverageMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363fdus:DonovanFoodBrokerageLlcRevolvingLoanMember2024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:AppliedDataCorporationMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Money Market Funds2024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services Common Equity (1,000,000 units) Investment date 6/25/20212024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (2.00%) Rate Cash 12.72% Rate PIK 0.00% Investment date 11/25/2019 Maturity 11/25/20242023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (141 units) Investment date 11/2/20202023-12-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing 2023-12-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Industry Utilities: Services Common Equity ( Units N/ A) Investment date 2/21/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing First Lien Debt Variable Index Spread / Floor (S + 5.75%) / (1.50%) Rate Cash/PIK 11.08%/0.50% Investment date 3/1/2023 Maturity 3/1/20282024-01-012024-03-3100015133632023-08-012023-08-010001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (515 shares) Investment date 2/1/20242024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (570,636 units) Investment date 7/21/20172023-12-310001513363fdus:FourPointSevenFivePercentNotesDueTwoThousandTwentySixMember2024-03-310001513363Non-control/Non-affiliate Investments MBS Opco, LLC (dba Marketron) Information Technology Services First Lien Debt Variable Index Spread (S+8.50%) Variable Index Floor (1.50%) Rate Cash 14.16% Rate PIK 0.00% Investment date 9/29/2022 Maturity 9/28/20262023-12-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services Revolving Loan ($1,000 unfunded commitment) Index Spread (S + 6.50%) Variable Index Floor(2.00%) Rate Cash 11.82% Rate PIK 0.00% Investment date 2/23/2024 Maturity 2/23/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC ) Utilities: Services Revolving Loan ($1000 Unfunded Commitment Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.38% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 11.08% Rate PIK 0.00% Investment date 9/13/2022 Maturity Date 9/13/20272024-03-3100015133632024-04-300001513363fdus:FivePointEightSixOnePercentInterestRateMember2023-12-310001513363fdus:FivePointFourThreeNinePercentInterestRateTwoMember2024-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Second Lien Debt Variable Index Spread ( S+9.50%) Variable Index Floor (1.00%) Rate Cash 15.15% Rate PIK 0.00% Investment date 9/21/2021 Maturity 3/21/20292023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Subordinated Debt Rate Cash 11.00% Rate PIK 2.00% Investment date 12/30/2022 Maturity 11/23/20272023-12-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Second Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (0.75%) Rate Cash 12.65% Rate PIK 0.00% Investment date 8/2/2021 Maturity 7/26/20292024-01-012024-03-310001513363srt:MaximumMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:ApplegateGreenfiberIntermediateIncMember2023-12-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Warrant (252,588 units) Investment date 4/12/20112024-03-310001513363Non-control/Non-affiliate Investments BCM One Group Holdings, Inc. Information Technology Services Subordinated Debt Rate Cash 11.75% Rate PIK 0.00% Investment date 11/17/2021 Maturity 11/17/20282024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2023-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services First Lien Debt Variable Index Spread (S+6.50%) Variable Index Floor (0.75%) Rate Cash 12.09% Rate PIK 0.00% Investment date 08/10/2021 Maturity 8/10/20262024-01-012024-03-310001513363fdus:EblLlcMemberfdus:ControlInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Preferred Equity (1,000 units) Investment date 3/4/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Common Equity (795,000units) Investment date 7/21/20212023-12-310001513363fdus:UnitedStatesSoutheastMember2023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (2,522 units) Investment Date 7/3/20142024-01-012024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Revolving Loan ($1,442 unfunded commitment) Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Preferred Equity (15,000 units) Investment Date 12/22/20232024-03-310001513363Non-control/Non-affiliate Investments W50 Holdings, LLC Business Services Preferred Equity (Units N/A) ($100 unfunded commitment) Investment date 3/21/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Speciality Distribution First Lien Debt Rate Cash 11.75% Rate PIK 1.50% Investment date 11/14/2023 Maturity 11/13/20282023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services2023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing Common Equity (14,400 shares) Investment date 2/17/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Revolving Loan Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 2024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberfdus:FirstLienDebtMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Common Equity (100 shares) Investment date 3/19/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (4.00%) Rate Cash 11.08% Rate PIK 1.00% Investment date 7/21/2023 Maturity 7/21/20262024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateTwoMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Common Equity (495 shares) Investment date 8/10/20212023-01-012023-12-310001513363fdus:ThreePointTwoSixSevenPercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.00% Investment date 6/21/2023 Maturity 6/21/20282024-03-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.50%) Rate Cash 11.84% Rate PIK 0.00% Investment date 11/8/2020 Maturity 11/6/20252023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (630 units) Investment date 10/11/20192023-01-012023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.41% Rate PIK 0.00% Investment date 3/4/2022 Maturity 3/4/20272023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services2024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateOneMember2023-12-310001513363fdus:ThreePointTwoSixZeroPercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Common Equity (1 unit) Investment date 6/20/20232023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateFourMember2023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Subordinated Debt Rate Cash 10.00% Rate PIK 0.00% Investment date 12/31/2021 Maturity 12/31/20272023-01-012023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:FishbowlSolutionsLlcMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Affiliate Investments Pfanstiehl Inc Health Products Common Equity (2,550 units) Investment date 3/29/20132023-12-310001513363fdus:ThreePointTwoZeroNinePercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Healthfuse, LLC Healthcare Services Preferred Equity (197,980 units) Investment date 11/13/20202024-03-310001513363fdus:SupplementalDividendTwoMember2022-08-010001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services2024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Subordinated Debt Rate Cash 7.25% Rate PIK 7.25% Investment date 3/4/2022 Maturity 9/4/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Quantum IR Technologies, LLC Information Technology Services First Lien Debt Rate Cash/PIK 14.00%/0.00% Investment date 3/19/2024 Maturity 12/20/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products First Lien Debt Cash 12.25% Rate PIK 0.00% Investment date 12/31/2020 Maturity 6/30/20242023-01-012023-12-310001513363Affiliate Investments Pfanstiehl Inc Health Products Common Equity (2,550 units) Investment date 3/29/20132023-01-012023-12-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (524,624 units) Investment date 8/3/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products2023-12-310001513363fdus:ThreePointTwoSixSevenPercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services2023-12-3100015133632023-10-300001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services Preferred Equity (68,361 units Investment date 1/3/20242024-03-310001513363fdus:SpecialDividendMember2023-05-020001513363fdus:FivePointThreeFourOnePercentInterestRateTwoMember2023-12-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.00%) Rate Cash 11.41% Rate PIK 0.00% Investment date 4/1/2021 Maturity 4/1/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Common Equity (909 shares) Investment date 12/31/20202023-01-012023-12-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Preferred Equity (495 shares) Investment date 8/10/20212023-01-012023-12-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Common Equity (779) Industry Business Services Investment date 9/18/20182024-01-012024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Common Equity (3,974 Units) Investment Date 12/22/20232023-01-012023-12-310001513363fdus:AtTheMarketOfferingProgramMemberus-gaap:CommonStockMember2011-06-012024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateTwoMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments United Biologics, LLC.2023-12-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Preferred Equity (500,000 units) Investment date 8/21/20232023-01-012023-12-310001513363fdus:SupplementalDividendMember2023-10-300001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001513363Non-control/Non-affiliate Investments Quest Software US Holdings Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.50%) Rate Cash/PIK 12.96%/0.00% Investment date 3/1/2022 Maturity 2/1/20302024-01-012024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) Restaurants Preferred Equity (9,787 units) Investment date 11/3/20222024-01-012024-03-310001513363fdus:AdministrationAgreementMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Green Cubes Technology, LLC (dba Green Cubes) First Lien Debt Variable Index Spread (S + 13.00%) Variable Index Floor (0.00%) Rate Cash 18.58% Rate PIK 0.00% Investment date 12/7/2021 Maturity 12/7/20242023-01-012023-12-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services Revolving Loan ($1,000 unfunded commitment) Index Spread (S + 6.50%) Variable Index Floor(2.00%) Rate Cash 11.82% Rate PIK 0.00% Investment date 2/23/2024 Maturity 2/23/20292024-03-310001513363Non-control/Non-affiliate Investments Palmetto Moon, LLC Retail Common Equity (499 units) Investment date 11/3/20162023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Component Manufacturing Subordinated Debt Variable Index Spread (S + 4.00%) Variable Index Floor (2.50%) Rate Cash 9.43% Rate PIK 0.00% Investment date 9/20/2023 Maturity 12/31/20252024-01-012024-03-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Speciality Distribution First Lien Debt Rate Cash 11.75% Rate PIK 1.50% Investment date 11/14/2023 Maturity 11/13/20282023-01-012023-12-310001513363us-gaap:LineOfCreditMember2024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Preferred Equity (1,250,000 units) Investment Date 11/1/20232023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (5,690 units) Investment date 12/31/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services Common Equity (732,542 shares) Investment date 9/30/20222023-12-310001513363Non-control/Non-affiliate Investments 2KDirect Inc (dba iPromote) Information Technology Services Common Equity (1,000,000 units) Investment date 6/25/20212024-03-310001513363fdus:SupplementalDividendMember2022-05-022022-05-020001513363Non-control/Non-affiliate Investments Quest Software US Holdings Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.50%) Rate Cash/PIK 13.03%/0.00% Investment date 3/1/2022 Maturity 2/1/20302023-01-012023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Common Equity (500 units) Investment Date 10/1/20212024-01-012024-03-310001513363us-gaap:AdditionalPaidInCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (0.75%) Rate Cash 12.16% Rate PIK 0.00% Investment date 8/10/2021 Maturity 8/10/20262023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMembersrt:WeightedAverageMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing2024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NetbaseSolutionsIncMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Applied Data Corporation Information Technology Services Common Equity (24 units) Investment date 11/6/20202023-01-012023-12-310001513363Non-control/Non-affiliate Investments MBS Opco, LLC (dba Marketron) Information Technology Services First Lien Debt Variable Index Spread (S+8.50%) Variable Index Floor (1.50%) Rate Cash 14.16% Rate PIK 0.00% Investment date 9/29/2022 Maturity 9/28/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Industry Component Manufacturing Subordinated Debt Variable Index Spread (S + 4.00%) Variable Index Floor (2.50%) Rate Cash 9.46% Rate PIK 0.00% Investment date 9/20/2023 Maturity 12/31/20252023-12-310001513363us-gaap:MeasurementInputEbitdaMultipleMembersrt:MaximumMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Tiger Calcium Services Inc. Transportation services Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 12/21/2022 Maturity 5/31/20252024-01-012024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMember2023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Cash 7.00% Rate PIK 7.00% Investment date 7/8/2022 Maturity 1/8/20282024-03-310001513363Non-control/Non-affiliate Investments Palmetto Moon, LLC Retail Common Equity (499 units) Investment date 11/3/20162023-01-012023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Common Equity (500 units) Investment date 10/1/20212024-03-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Common Equity (909 shares) Investment date 12/31/20202023-12-310001513363Non-control/Non-affiliate Investments Hallmark Health Care Solutions, Inc. Healthcare Services Common Equity (3,645,752 units) Investment date 9/18/20232023-12-310001513363fdus:ServicePowerIncMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363fdus:OnePointThreeNineEightPercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Hallmark Health Care Solutions, Inc. Healthcare Services Common Equity (3,645,752 units) Investment date 9/18/20232024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (2.00%) Rate Cash 11.89% Rate PIK 0.00% Investment date 6/30/2023 Maturity 6/29/20292023-01-012023-12-310001513363fdus:FourPointFiveThreeThreePercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.50%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/2027 Principal Amount 9,3642023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.61% Rate PIK 0.00% Investment date 6/28/2021 Maturity 6/28/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Elements Brands, LLC Consumer Products2024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services First Lien Debt Variable Index Spread (S + 8.25%) Variable Index Floor (2.00%) Rate Cash 13.85% Rate PIK 0.00% Investment date 10/11/2019 Maturity 10/11/20242023-12-3100015133632022-12-310001513363fdus:InvestmentAdvisoryAgreementMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.89% Rate PIK 0.00% Investment date 4/1/2022 Maturity 4/1/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services2024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (630 units) Investment date 10/11/20192023-12-310001513363Non-control/Non-affiliate Investments CRS Solutions Holdings, LLC (dba CRS Texas) Business Services Common Equity (574,929 units) Investment date 6/28/20222024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Preferred Equity (868 units) Investment date 10/16/20202024-03-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution2024-03-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail First Lien Debt Variable Index Spread / Floor (S + 7.00%) / (2.00%) Rate Cash/PIK 13.09%/0.00% Investment date 1/4/2024 Maturity 1/4/20292024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Common Equity (1,000 Units) Investment date 7/21/20232023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products2024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Revolving Loan ($1,442 unfunded commitment) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (4,663 units) Investment date 9/16/20222023-12-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Subordinated Debt Rate Cash 11.50% Rate PIK 0.00% Investment date 3/19/2021 Maturity 9/19/20262024-03-310001513363fdus:FivePointFourthreeNinePercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (89 units) Investment date 6/26/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.37% Rate PIK 0.00% Investment date 12/22/2023 Maturity 12/22/20292023-01-012023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail2024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) Restaurants Common Equity (14,201 units) Investment date 11/3/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments R.F. Fager Company LLC Specialty Distribution Second Lien Debt Rate Cash/PIK 12.75%/0.00% Investment date 3/04/2024 Maturity 8/4/20302024-01-012024-03-310001513363fdus:ThreePointTwoSixSevenPercentInterestRateMember2023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (1,022,813 units) Investment Date 7/1/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services Common Equity (500,000 shares) Investment date 10/6/20212024-03-310001513363us-gaap:SeniorNotesMember2024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products2024-03-310001513363Non-control/Non-affiliate Investments IBH Holdings, LLC (fka Inflexxion, Inc.) Business Services Common Equity (150,000 units) Investment date 6/20/20182024-01-012024-03-310001513363us-gaap:CommonStockMember2023-08-110001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2020-06-260001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (630 units) Investment date 10/11/20192024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.81% Rate PIK 0.00% Investment date 2/7/2019 Maturity 9/30/20252024-03-310001513363Non-control/Non-affiliate Investments QED Technologies International, Inc. Component Manufacturing Common Equity (140 shares) Investment date 2/28/2023 2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services First Lien Debt Rate Cash 12.00% Rate PIK 0.00% Investment date 1/3/2024 Maturity 1/3/20282024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Preferred Equity (1,250,000 units) Investment date 11/1/20232023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 9.59% Rate PIK 0.00% Investment date 6/28/2021 Maturity 3/31/20252024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services 2023-12-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMembersrt:MinimumMember2023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services First Lien Debt Variable Index Spread (S + 8.25%) Variable Index Floor (2.00%) Rate Cash 13.85% Rate PIK 0.00% Investment date 10/11/2019 Maturity 10/11/20242023-01-012023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:PfanstiehlIncMember2024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (6,783 units) Investment date 07/10/20232023-12-310001513363us-gaap:FairValueInputsLevel3Member2023-01-012023-03-310001513363us-gaap:SeniorNotesMember2023-03-3100015133632023-10-302023-10-300001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Preferred Equity (0.375 units) Investment date 6/20/20232023-01-012023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2023-12-310001513363fdus:SecondLienDebtMember2024-01-012024-03-310001513363fdus:NwsTechnologiesLlcMemberfdus:FirstLienDebtMemberfdus:UtilitiesServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments Fishbowl Solutions, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/25/2022 Maturity 3/25/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Wonderware Holdings, LLC (dba CORE Business Technologies) Industry Information Technology Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (1.00%) Rate Cash 12.59% Rate PIK 0.00% Investment date 2/10/2021 Maturity 2/9/20262023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (2,012 units) Investment date 12/31/20212024-03-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 11.14% Rate PIK 0.00% Investment date 9/13/2022 Maturity 9/13/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Common Equity (500,000 units) Investment date 2/23/20242024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services Common Equity (573 units) Investment date 2/7/20192024-01-012024-03-310001513363fdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-01-012024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (1,022,813 units) Investment Date 7/1/20202023-12-310001513363Investment, Identifier [Axis]: Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries2024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. 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Aerospace & Defense Manufacturing Common Equity (6,783 units) Investment date 07/10/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Green Cubes Technology, LLC (dba Green Cubes) Information Technology Services First Lien Debt Variable Index Spread (S + 13.00%) Variable Index Floor (0.00%) Rate Cash 18.49% Rate PIK 0.00% Investment date 12/17/2021 Maturity 12/17/20242024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Common Equity (280,000 units) ($70 unfunded commitment) Investment date 12/30/20222023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (2,522 units) Investment Date 7/3/20142024-03-310001513363Non-control/Non-affiliate Investments US Fertility Enterprises, LLC Industry Healthcare Services Subordinated Debt Rate Cash 0.00% Rate PIK 13.75% Investment date 5/19/2023 Maturity 6/1/20282023-12-310001513363Money Market Funds Goldman Sachs Financial Square Treasury Obligation Institution2024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services 2024-03-310001513363Non-control/Non-affiliate Investments Combined Systems, Inc Aerospace & Defense Manufacturing Revolving Loan ($162 unfunded commitment) Variable Index Spread (S + 10.00%) Variable Index Floor (2.00%) Rate Cash 18.51% Rate PIK 0.00% Investment date 1/31/2020 Maturity 1/31/20252024-03-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail Common Equity (293 units) Investment date 1/4/20242024-03-310001513363fdus:FirstLienDebtMember2023-01-012023-12-310001513363fdus:SupplementalDividendMember2023-05-020001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Utilities: Services First Lien Debt Variable Index Spread (S + 8.50%) Variable Index Floor (2.50%) Rate Cash 13.98% Rate PIK 0.00% Investment date 2/23/2023 Maturity 2/23/20282024-01-012024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMembersrt:MinimumMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Component Manufacturing2024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Preferred Equity (77,016 shares) Investment date 9/26/20222023-12-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services Preferred Equity (900,000 shares) Investment date 11/25/20192023-01-012023-12-310001513363Affiliate Investments Steward Holding LLC (dba Steward Advanced Materials) Aerospace & Defense Manufacturing Common Equity (1,000,000 units) Investment Date 11/12/20152024-01-012024-03-310001513363fdus:FivePointZeroEightTwoPercentInterestRateTwoMember2024-01-012024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMembersrt:WeightedAverageMember2024-03-310001513363fdus:AdministrationAgreementMember2024-03-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Preferred Equity (84,997 units) Investment date 4/12/20112024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateThreeMember2024-03-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Healthcare Services Warrant (57,469 units) Investment date 3/5/20122024-01-012024-03-310001513363Non-control/Non-affiliate Investments Gurobi Optimization, LLC Information Technology Services Common Equity (3 shares) Investment date 12/19/20172024-01-012024-03-310001513363fdus:DiversifiedSearchLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services Common Equity (732,542 shares) Investment date 9/30/20222023-01-012023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Second Lien Debt Rate Cash 10.00% Rate PIK 3.00% Investment date 7/3/2014 Maturity 8/30/20242023-01-012023-12-310001513363fdus:FivePointEightSixOnePercentInterestRateOneMember2024-01-012024-03-310001513363Affiliate Investments Medsurant Holding LLC Healthcare Services Preferred Equity (84,997 units) Investment date 4/12/20112024-01-012024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services2023-12-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.83% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service 2023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Preferred Equity (1,000 units) Investment date 3/4/20222023-12-310001513363Non-control/Non-affiliate Investments Winona Foods, Inc. Industry Specialty Distribution First Lien Debt Variable Index Spread (S + 11.00%) Variable Index Floor (6.00%) Rate Cash 12.00% Rate PIK 5.00% Investment date 12/13/2023 Maturity 6/13/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services2024-03-310001513363fdus:SupplementalDividendMember2022-05-020001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (1.00%) Rate Cash 12.83% Rate PIK 0.00% Investment date 9/30/2022 Maturity 9/30/20272023-01-012023-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (6,783 units) Investment date 07/10/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (5,837 units) Investment date 3/23/20162024-03-310001513363Affiliate Investments Medsurant Holding LLC Healthcare Services Warrant (252,588 units) Investment date 4/12/20112024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services2023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (0.50%) Rate Cash 9.05% Rate PIK 0.00% Investment date 7/30/2021 Maturity 6/25/20262023-12-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 9.46% Rate PIK 0.00% Investment date 6/30/2021 Maturity 4/5/20262024-03-310001513363Affiliate Investments Medsurant Holding LLC Healthcare Services 2024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products2023-12-310001513363us-gaap:InvestmentAffiliatedIssuerMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Magenta Buyer LLC (dba Trellix) Information Technology Services Second Lien Debt Variable Index Spread (S+8.25%) Variable Index Floor (0.75%) Rate Cash 13.82% Rate PIK 0.00% Investment date 7/19/2022 Maturity 7/27/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Preferred Equity (12,500 units) Investment date 9/18/20232024-03-310001513363fdus:SupplementalDividendMember2023-02-150001513363fdus:ElementsBrandsLlcRevolvingLoanMember2023-12-310001513363fdus:SeniorSecuredRevolvingCreditFacilityMember2023-12-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:SubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Common Equity (495 shares) Investment date 8/10/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Common Equity (56,382 units) Investment date 12/1/20212023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.09% Rate PIK 0.00% Investment date 6/28/2021 Maturity 3/31/20252024-03-310001513363fdus:SmallBusinessAdministrationDebenturesMember2023-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Subordinated Debt Rate Cash 7.50% Rate PIK 7.50% Investment date 7/21/2023 Maturity 1/21/20272024-01-012024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (5,690 units) Investment date 12/31/20212023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services Common Equity (256,964 units) Investment date 4/5/20212023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services First Lien Debt Variable Index Spread ( S+8.00%) Variable Index Floor (2.50%) Rate Cash 13.39% Rate PIK 0.00% Investment date 6/20/2023 Maturity 6/16/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Preferred Equity (563 shares) Investment date 3/3/20222024-01-012024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (2,522 units) Investment Date 7/3/20142023-01-012023-12-310001513363Non-control/Non-affiliate Investments Allredi LLC (fka Macro Group International OpCo. LLC) Industrial Cleaning & Coatings Common Equity (524,624 units) Investment date 8/3/20252024-03-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.75% Rate PIK 0.00% Investment date 11/1/2023 Maturity 9/16/20292023-01-012023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 8.83% Rate PIK 0.00% Investment date 5/12/2023 Maturity Date 9/13/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Subordinated Debt ($417 unfunded commitment) Rate Cash/PIK 8.75%/5.00% Investment date 12/30/2022 Maturity 6/30/20292024-03-3100015133632022-01-012022-12-310001513363us-gaap:WarrantMember2023-12-310001513363Non-control/Non-affiliate Investments IBH Holdings, LLC (fka Inflexxion, Inc.) Business Services Common Equity (150,000 units) Investment date 6/20/20182023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Speciality Distribution First Lien Debt Rate Cash 11.75% Rate PIK 1.50% Investment date 11/14/2023 Maturity 11/13/20282024-03-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Common Equity (97 units) Industry Business Services Investment date 2/3/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Utilities: Services Common Equity (Units N/A) Investment date 2/21/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (637 units) Investment date 8/7/20232024-01-012024-03-310001513363fdus:FourPointFiveThreeThreePercentInterestRateMember2023-12-310001513363fdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ComponentManufacturingMemberfdus:MicronicsFiltrationHoldingsIncDbaMicronicsEngineeredFiltrationGroupIncMember2024-03-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Warrant (252,588 units) Investment date 4/12/20112023-01-012023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S+6.75%) Variable Index Floor (0.50%) Rate Cash 8.98% Rate PIK 0.00% Investment date 7/30/2021 Maturity 6/25/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Wonderware Holdings, LLC (dba CORE Business Technologies) Industry Information Technology Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (1.00%) Rate Cash 12.59% Rate PIK 0.00% Investment date 2/10/2021 Maturity 2/9/20262023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services Common Equity (500 units) Investment Date 10/1/20212024-03-310001513363fdus:UnitedStatesMidwestMember2023-12-310001513363Non-control/Non-affiliate Investments UBEO, LLC. Business Services Common Equity (705,000 units) Investment date 4/3/20182023-12-310001513363Affiliate Investments Pfanstiehl Inc Health Products Common Equity (2,550 units) Investment date 3/29/20132024-01-012024-03-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Second Lien Debt Variable Index Spread / Floor (S + 9.50%) / (1.00%) Rate Cash/PIK 14.94%/0.00% Investment date 9/21/2021 Maturity 3/21/20292024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Common Equity (400,000 units) Investment date 2/28/20232024-03-310001513363country:CA2023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Preferred Equity (0.375 units) Investment date 6/20/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 9.46% Rate PIK 0.00% Investment date 6/30/2021 Maturity 4/5/20262024-01-012024-03-310001513363us-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2023-12-310001513363fdus:FivePointThreeFourOnePercentInterestRateMember2024-01-012024-03-310001513363fdus:AerospaceAndDefenseManufacturingMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2024-03-310001513363Non-control/Non-affiliate Investments Sonicwall US Holdings, Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.00%) Rate Cash/PIK 12.96%/0.00% Investment date 9/6/2022 Maturity 5/18/20262024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Quest Software US Holdings Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.50%) Rate Cash/PIK 13.03%/0.00% Investment date 3/1/2022 Maturity 2/1/20302023-12-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services Common Equity (732,542 shares) Investment date 9/30/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (500 units) Investment date 5/31/20182024-01-012024-03-310001513363fdus:OnePointThreeNineEightPercentInterestRateMember2024-01-012024-03-310001513363us-gaap:InvestmentAffiliatedIssuerControlledMember2023-12-310001513363fdus:DividendReinvestmentPlanMember2022-10-012022-12-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments US Fertility Enterprises, LLC Healthcare Services Subordinated Debt Rate Cash 0.00% Rate PIK 13.75% Investment date 5/19/2023 Maturity 6/1/20282024-01-012024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:AutoCrmLlcMember2023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Preferred Equity (7,883 units) Investment date 6/30/20232023-01-012023-12-310001513363us-gaap:EstimateOfFairValueFairValueDisclosureMember2024-03-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing Common Equity (1,200 units) Investment Date 11/8/20222024-03-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Membersrt:WeightedAverageMember2023-12-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Subordinated Debt Rate Cash 0.00% Rate PIK 18.80% Investment date 3/31/2023 Maturity 3/18/20242023-01-012023-12-310001513363fdus:FourPointFiveThreeThreePercentInterestRateMember2024-03-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2022-12-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Second Lien Debt Rate Cash/PIK 0.00%/12.00% Investment date 10/29/2021 Maturity 6/1/20282023-01-012023-12-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services Preferred Equity (84,997 units) Investment date 4/12/20112023-12-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.89% Rate PIK 0.00% Investment date 4/1/2022 Maturity 4/1/20272023-12-310001513363fdus:NwsTechnologiesLlcMemberfdus:FirstLienDebtMemberfdus:UtilitiesServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMembersrt:MinimumMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2019-04-242019-04-240001513363Non-control/Non-affiliate Investments CRS Solutions Holdings, LLC (dba CRS Texas) Business Services Common Equity (574,929 units) Investment date 6/28/20222023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services First Lien Debt Variable Index Spread (S +6.50%) Variable Index Floor (2.00%) Rate Cash 11.58% Rate PIK 0.00% Investment date 6/30/2023 Maturity 6/29/20292024-03-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Member2024-03-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (2.50%) Rate Cash 11.83% Rate PIK 0.00% Investment date 3/7/2024 Maturity 3/7/20292024-03-310001513363fdus:InvestmentAdvisoryAgreementMember2024-03-310001513363fdus:SpecialDividendMember2023-02-152023-02-150001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services2024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2022-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Common Equity (752,380 units) Investment date 7/26/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Common Equity (536 units) Investment date 10/11/20232024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 Principal Amount 12,4062023-01-012023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail Common Equity (1,000 units) Investment date 9/13/20222023-12-310001513363us-gaap:InvestmentAffiliatedIssuerMember2023-12-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Common Equity (4,735 units) Investment date 9/18/20232023-12-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Preferred Equity (12,500 units) Investment date 9/18/2023 2024-03-310001513363us-gaap:FairValueInputsLevel1Memberfdus:EquityInvestmentMember2023-12-310001513363us-gaap:AdditionalPaidInCapitalMember2023-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (425,508 units) Investment Date 8/30/20192023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services First Lien Debt Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 Principal Amount 12,3752024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services 2023-12-310001513363Non-control/Non-affiliate Investments Sonicwall US Holdings, Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.00%) Rate Cash/PIK 13.01%/0.00% Investment date 9/6/2022 Maturity 5/18/20262023-12-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Revolving Loan ($250 unfunded commitment) Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262023-12-310001513363fdus:FivePointThreeFourOnePercentInterestRateOneMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Common Equity (1,461 shares) Investment date 9/21/20182024-03-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-03-310001513363fdus:NonControlOrNonAffiliateInvestmentsMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments IBH Holdings, LLC (fka Inflexxion, Inc.) Business Services Common Equity (150,000 units) Investment date 6/20/20182023-01-012023-12-310001513363Non-control/Non-affiliate Investments Education Incites, LLC (dba Acceleration Academies) Business Services Second Lien Debt Rate Cash 12.75% Rate PIK 0.00% Investment date 10/31/2022 Maturity 10/29/20272024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products2024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services First Lien Debt Variable Index Spread (S+8.00%) Variable Index Floor (2.50%) Rate Cash 13.33% Rate PIK 0.00% Investment date 6/20/2023 Maturity 6/16/20282024-03-310001513363fdus:TwoPointThreeSevenSevenPercentInterestRateMember2024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing2024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing2023-12-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services First Lien Debt ($2,500 unfunded commitment) Rate Cash 12.00% Rate PIK 0.00% Investment date 1/3/2024 Maturity 8/3/20252024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2024-03-310001513363fdus:FivePointZeroEightTwoPercentInterestRateFourMember2024-01-012024-03-310001513363fdus:ChoiceTechnologySolutionsLlcDbaChoiceMerchantSolutionsLlcRevolvingLoanMember2024-03-310001513363us-gaap:WarrantMember2024-03-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Component Manufacturing Subordinated Debt Variable Index Spread (S + 4.00%) Variable Index Floor (2.50%) Rate Cash 9.43% Rate PIK 0.00% Investment date 9/20/2023 Maturity 12/31/20252024-03-310001513363fdus:FivePointSevenThreeFivePercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Suited Connector LLC Information Technology Services Second Lien Debt Rate Cash/PIK 0.00%/12.00% Investment date 10/29/2021 Maturity 6/1/20282023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.39% Rate PIK 0.00% Investment date 11/8/2022 Maturity 11/8/20272023-12-310001513363fdus:RaymondJamesAndAssociatesIncAndRobertWBairdAndCoMemberus-gaap:CommonStockMember2023-01-012023-03-310001513363fdus:OnepathSystemsLlcMemberfdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Common Equity (563 shares) Investment date 3/3/20222024-01-012024-03-310001513363us-gaap:RevolvingCreditFacilityMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2019-04-240001513363fdus:AdministrationAgreementMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Pool & Electrical Products, LLC Oil & Gas Services Common Equity (15,000 units) Investment date 10/28/20202023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Component Manufacturing Second Lien Debt Variable Index Spread (S + 0.00%) Variable Index Floor (2.50%) Rate Cash 5.43% Rate PIK 9.75% Investment date 4/13/2022 Maturity 6/30/20262024-01-012024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMember2023-12-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsFirstLienDebtMember2023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateThreeMember2023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services First Lien Debt Variable Index Spread (P + 5.50%) Variable Index Floor (3.25%) Rate Cash 14.00% Rate PIK 0.85% Investment date 10/1/2021 Maturity 10/1/20262023-12-310001513363fdus:AffiliateInvestmentsMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (0.75%) Rate Cash 12.16% Rate PIK 0.00% Investment date 8/10/2021 Maturity 8/10/20262023-12-310001513363fdus:FivePointFourThreeNinePercentInterestRateOneMember2023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.39% Rate PIK 0.00% Investment date 11/8/2022 Maturity 11/8/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Preferred Equity (1,000 units) Investment date 12/8/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (207 units) Investment date 8/6/20192024-03-310001513363fdus:SupplementalDividendOneMember2022-08-010001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 12.96% Rate PIK 0.00% Investment date 4/5/2021 Maturity 4/5/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution Common Equity (Class F Units) (710 units) Investment date 12/10/20202024-01-012024-03-310001513363fdus:BarefootMosquitoAndPestControlLlcRevolvingLoanMember2024-03-310001513363fdus:UnitedStatesSouthwestMember2024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.60% Rate PIK 0.00% Investment date 7/8/2022 Maturity 7/8/20272023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:FirstLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (2,012 units) Investment date 12/31/20212023-01-012023-12-310001513363fdus:BarefootMosquitoAndPestControlLlcRevolvingLoanMember2023-12-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment date 11/9/20232024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.00%) Rate Cash 11.41% Rate PIK 0.00% Investment date 4/1/2021 Maturity 4/1/20262023-12-310001513363Non-control/Non-affiliate Investments GP&C Operations, LLC (dba Garlock Printing and Converting) Component Manufacturing Common Equity (515,625 units) Investment date 1/22/20212023-12-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Preferred Equity (495 shares) Investment date 8/10/20212023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services First Lien Debt Variable Index Spread (S +7.00%) Variable Index Floor (2.00%) Rate Cash 12.33% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282024-01-012024-03-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMember2023-12-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Common Equity (500,000 units) Investment date 6/21/20232024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services2023-12-310001513363Non-control/Non-affiliate Investments Education Incites, LLC (dba Acceleration Academies) Business Services Second Lien Debt Cash 12.75% Rate PIK 0.00% Investment date 10/31/2022 Maturity 10/29/20272023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.61% Rate PIK 0.00% Investment date 6/28/2021 Maturity 6/28/20262023-12-310001513363Non-control/Non-affiliate Investments Puget Collision, LLC Retail2024-03-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Second Lien Debt Cash 12.50% Rate PIK 1.00% Investment date 4/25/2016 Maturity 6/30/20282023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateThreeMember2024-03-310001513363fdus:InformationTechnologyServicesMemberfdus:TwoKDirectIncMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:FirstLienDebtOneMember2023-12-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services First Lien Debt Variable Index Spread (S + 6.50%) Variable Index Floor (1.00%) Rate Cash 12.11% Rate PIK 0.00% Investment date 2/7/2019 Maturity 9/30/20252023-01-012023-12-310001513363us-gaap:FairValueInputsLevel3Member2023-12-310001513363country:CA2023-01-012023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (141 units) Investment date 11/2/20202024-03-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing2023-12-310001513363us-gaap:SubordinatedDebtMember2024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Second Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (0.75%) Rate Cash 12.61% Rate PIK 0.00% Investment date 8/2/2021 Maturity 7/26/20292023-12-310001513363fdus:November2026NotesMember2024-01-012024-03-310001513363fdus:UnitedStatesSoutheastMember2024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services First Lien Debt Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262024-01-012024-03-310001513363fdus:InformaticsHoldingsIncDbaWaspBarcodeTechnologiesRevolvingLoanMember2024-03-310001513363fdus:UnitedStatesNortheastMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Revolving Loan ($1,000 unfunded commitment) Index Spread (S + 6.50%) Variable Index Floor(2.00%) Rate Cash 11.82% Rate PIK 0.00% Investment date 2/23/2024 Maturity 2/23/20292024-03-310001513363fdus:SpecialDividendMember2023-10-302023-10-300001513363fdus:WonderwareHoldingsLlcDbaCoreBusinessTechnologiesMemberfdus:InformationTechnologyServicesMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services2024-03-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Industry Component Manufacturing Subordinated Debt Variable Index Spread (S + 4.00%) Variable Index Floor (2.50%) Rate Cash 9.46% Rate PIK 0.00% Investment date 9/20/2023 Maturity 12/31/20252023-01-012023-12-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Common Equity (8,277 units) Investment Date 6/30/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Warrant (150,000 shares) Investment date 10/6/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services First Lien Debt Variable Index Spread (P + 5.50%) Variable Index Floor 3.25% Rate Cash 14.00% Rate PIK 0.85% Investment Date 10/1/2021 Maturity Date 10/1/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing2024-03-310001513363Non-control/Non-affiliate Investments Ameriwater LLC Component Manufacturing Common Equity (1,000 units) Investment date 7/8/20222024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Transportation services Second Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (0.75%) Rate Cash 12.65% Rate PIK 0.00% Investment date 8/2/2021 Maturity 7/26/20292024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Common Equity (563 shares) Investment date 3/3/20222023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (7,113 units) Investment date 12/31/20212023-01-012023-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor(1.00%) Rate Cash 11.36% Rate PIK 0.00% Investment date 2/12/2021 Maturity 2/11/20262023-12-310001513363Non-control/Non-affiliate Investments AOM Intermediate Holdco, LLC (dba AllOver Media) Information Technology Services Common Equity (1,232 units) Investment Date 2/1/20222023-01-012023-12-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (2,012 units) Investment date 12/31/20212023-12-310001513363Non-control/Non-affiliate Investments Zonkd, LLC Industry Component Manufacturing First Lien Debt Variable Index Spread (S + 10.00%) Variable Index Floor (1.00%) Rate Cash 16.63% Rate PIK 0.00% Investment date 3/18/2022 Maturity 3/18/20272023-12-310001513363fdus:SupplementalDividendMember2023-08-012023-08-010001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 Principal Amount 12,4062023-12-310001513363fdus:FirstLienDebtMember2024-01-012024-03-310001513363us-gaap:FairValueInputsLevel2Member2024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (2,012 units) Investment date 12/31/20212024-01-012024-03-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsFirstLienDebtMember2024-03-310001513363fdus:UnitedStatesNortheastMember2024-03-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services Preferred Equity (0.375 units) Investment date 6/20/20232024-03-310001513363us-gaap:MeasurementInputEbitdaMultipleMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMember2023-12-310001513363us-gaap:EquitySecuritiesMember2023-12-310001513363Non-control/Non-affiliate Investments NWS Technologies, LLC Utilities: Services First Lien Debt Variable Index Spread ( S+8.00%) Variable Index Floor (2.50%) Rate Cash 13.39% Rate PIK 0.00% Investment date 6/20/2023 Maturity 6/16/20282023-12-310001513363fdus:January2026NotesMember2020-12-232020-12-230001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services First Lien Debt ($1,596 unfunded commitment) Variable Index Spread / Floor (S + 6.25%) / (1.00%) Rate Cash/PIK 11.72%/0.00% Investment date 12/30/2022 Maturity 12/30/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Healthcare Services Preferred Equity (98,377 units) Investment date 4/1/20122024-01-012024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMembersrt:WeightedAverageMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsCommonEquityMember2024-03-310001513363fdus:FivePointSevenThreeFivePercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Subordinated Debt Rate Cash 10.00% Rate PIK 1.00% Investment date 3/3/2022 Maturity Date 3/3/20282024-03-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S +7.00%) Variable Index Floor (2.00%) Rate Cash 12.33% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282024-03-310001513363fdus:SmallBusinessAdministrationDebenturesMember2024-01-012024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateMember2024-03-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Less) Business Services Common Equity (1,000,000 units) Investment date 4/1/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Common Equity (5,341 units) Investment date 9/21/20212023-12-310001513363fdus:JanusHealthTechnologiesIncFirstLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.00% Investment date 6/21/2023 Maturity 6/21/20282023-12-310001513363Non-control/Non-affiliate Investments Global Plasma Solutions, Inc. Component Manufacturing Subordinated Debt Rate Cash 0.00% Rate PIK 18.80% Investment date 3/31/2023 Maturity 3/18/20242023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (5,837 units) Investment date 3/23/20162023-01-012023-12-310001513363fdus:GmpHvacLlcDbaMcgeeHeatingAirLlcRevolvingLoanMember2024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:StewardHoldingLlcMember2023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (74 units) Investment date 12/29/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 4.00%) Variable Index Floor (1.00%) Rate Cash 9.66% Rate PIK 0.00% Investment date 6/28/2021 Maturity 6/28/20262023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Second Lien Debt Rate Cash 10.00% Rate PIK 3.00% Investment date 7/3/2014 Maturity 8/30/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution Preferred Equity (518,135 units) Investment date 11/14/20232023-01-012023-12-310001513363us-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberus-gaap:FairValueMeasurementsRecurringMember2022-12-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (4.00%) Rate Cash 11.08% Rate PIK 1.00% Investment date 7/21/2023 Maturity 7/21/20262024-01-012024-03-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services Preferred Equity (5,000 units) Investment date 10/11/20232023-12-310001513363fdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MeasurementInputRevenueMultipleMember2024-03-310001513363Non-control/Non-affiliate Investments Sonicwall US Holdings, Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.00%) Rate Cash/PIK 12.96%/0.00% Investment date 9/6/2022 Maturity 5/18/20262024-01-012024-03-310001513363fdus:IsiPsgHoldingsLlcMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Industry Component Manufacturing Second Lien Debt Variable Index Spread (S + 9.75%) Variable Index Floor (2.50%) Rate Cash 5.46% Rate PIK 9.75% Investment date 4/13/2022 Maturity 6/30/20262023-01-012023-12-310001513363fdus:FivePointEightSixOnePercentInterestRateThreeMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Common Equity (280,000 units) ($70 unfunded commitment) Investment date 12/30/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Pinnergy, Ltd. Oil & Gas Services Subordinated Rate Cash 9.00% Rate PIK 0.00% Investment date 6/30/2022 Maturity 6/30/20272024-03-3100015133632023-02-152023-02-150001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Warrant (150,000 shares) Investment date 10/6/20212024-03-310001513363Non-control/Non-affiliate Investments Netbase Solutions, Inc. (dba Netbase Quid) Information Technology Services First Lien Debt Variable Index Spread (P+4.00%) Variable Index Floor (3.25%) Rate Cash 12.50% Rate PIK 0.00% Investment date 11/18/2021 Maturity 11/18/20252024-03-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Subordinated Debt Rate Cash 7.25% Rate PIK 7.25% Investment date 3/4/2022 Maturity 9/4/20272024-03-310001513363fdus:ThreePointFiveZeroPercentNotesDueTwoThousandTwentySixMember2023-12-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Business Services2024-03-310001513363Non-control/Non-affiliate Investments Janus Health Technologies, Inc. Information Technology Services First Lien Debt ($2,500 unfunded commitment) Rate Cash 12.00% Rate PIK 0.00% Investment date 1/3/2024 Maturity 8/3/20252024-01-012024-03-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Preferred Equity (563 shares) Investment date 3/3/20222023-12-310001513363Non-control/Non-affiliate Investments Acendre Midco Inc Information Technology Services First Lien Debt Variable Index Spread (S +7.75%) Variable Index Floor (0.50%) Rate Cash 13.34% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/2026 Principal Amount 12,3752024-01-012024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Cash 15.00% Rate PIK 10.00% Investment date 3/2/2020 Maturity 9/2/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments Netbase Solutions, Inc. (dba Netbase Quid) Information Technology Services First Lien Debt Variable Index Spread (P+4.00%) Variable Index Floor (3.25%) Rate Cash 12.50% Rate PIK 0.00% Investment date 11/18/2021 Maturity 11/18/20252023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Membersrt:MinimumMemberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363fdus:FirstLienDebtMember2023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 8.89% Rate PIK 0.00% Investment date 9/13/2022 Maturity 9/13/20272023-01-012023-12-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services2024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (524,624 units) Investment date 8/3/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Preferred Equity (15,000 units) Investment Date 12/22/20232024-01-012024-03-3100015133632024-01-012024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services Preferred Equity (900,000 shares) Investment date 11/25/20192023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services 2023-12-310001513363fdus:UnitedStatesWestMember2023-01-012023-12-310001513363fdus:FivePointThreeFourOnePercentInterestRateOneMember2023-12-310001513363fdus:FourPointSevenFivePercentNotesDueTwoThousandTwentySixMember2020-12-232020-12-230001513363fdus:SecondLienDebtMember2024-03-310001513363Non-control/Non-affiliate Investments Tiger Calcium Services Inc. Transportation services Second Lien Debt Rate Cash 12.50% Rate PIK 0.00% Investment date 12/21/2022 Maturity 5/31/20252023-01-012023-12-310001513363Non-control/Non-affiliate Investments Bedford Precision Parts LLC Specialty Distribution Common Equity (500,000 units) Investment date 3/12/20192023-01-012023-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Subordinated Debt Rate Cash 11.50% Rate PIK 2.00% Investment date 2/28/2023 Maturity 11/30/20272023-01-012023-12-310001513363fdus:SecondLienDebtMember2023-12-310001513363fdus:FirstLienDebtMember2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:ApplegateGreenfiberIntermediateIncMember2022-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Common Equity (400,000 units) Investment date 2/28/20232023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Common Equity (637 units) Investment date 8/7/20232023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Common Equity (5,461 units) Investment date 9/21/20212024-03-310001513363us-gaap:AccumulatedDistributionsInExcessOfNetIncomeMember2023-01-012023-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Cash 15.00% Rate PIK 10.00% Investment date 3/2/2020 Maturity 9/2/20262023-12-310001513363Non-control/Non-affiliate Investments GP&C Operations, LLC (dba Garlock Printing and Converting) Component Manufacturing Common Equity (515,625 units) Investment date 1/22/20212024-01-012024-03-310001513363fdus:UnitedStatesMidwestMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services First Lien Debt Variable Index Spread (P + 5.50%) Variable Index Floor (3.25%) Rate Cash 14.00% Rate PIK 0.85% Investment date 10/1/2021 Maturity 10/1/20262023-01-012023-12-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (1,022,813 units) Investment Date 7/1/20202024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 12/22/2023 Maturity Date 12/22/20292024-01-012024-03-310001513363Affiliate Investments Applegate Greenfiber Intermediate Inc ( fka US GreenFiber LLC) Building Products Manufacturing Common Equity (5,690 units) Investment date 12/31/20212024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Common Equity (4,735 units) Investment date 9/18/20232024-03-310001513363fdus:SuitedConnectorLlcMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2024-03-310001513363fdus:UsGreenfiberLlcMemberfdus:ControlInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments Green Cubes Technology, LLC (dba Green Cubes) Information Technology Services First Lien Debt Variable Index Spread (S + 13.00%) Variable Index Floor (0.00%) Rate Cash 18.49% Rate PIK 0.00% Investment date 12/17/2021 Maturity 12/17/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments Rhino Assembly Company, LLC Specialty Distribution Common Equity (Class A Units) (10,915) Investment date 08/11/20172024-01-012024-03-310001513363Non-control/Non-affiliate Investments Healthfuse, LLC Healthcare Services Preferred Equity (197,980 units) Investment date 11/13/20202024-01-012024-03-310001513363Non-control/Non-affiliate Investments Education Incites, LLC (dba Acceleration Academies) Business Services Second Lien Debt Rate Cash 12.75% Rate PIK 0.00% Investment date 10/31/2022 Maturity 10/29/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments Gurobi Optimization, LLC Information Technology Services Common Equity (3 shares) Investment date 12/19/20172024-03-310001513363Non-control/Non-affiliate Investments R.F. Fager Company LLC Specialty Distribution Second Lien Debt Rate Cash/PIK 12.75%/0.00% Investment date 3/04/2024 Maturity 8/4/20302024-03-3100015133632023-01-012023-12-310001513363Non-control/Non-affiliate Investments Tedia Company, LLC. Healthcare Products Preferred Equity (Series A) (1,000 units) Investment date 3/4/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments Comply365, LLC Aerospace & Defense Manufacturing Common Equity ( 868,922 units) Investment date 12/22/20232024-03-310001513363Non-control/Non-affiliate Investments SES Investors, LLC (dba SES Foam) Building Products Manufacturing Common Equity (6,000 units) Investment date 9/8/20162024-03-310001513363fdus:FourPointSevenFivePercentNotesDueTwoThousandTwentySixMember2020-12-230001513363fdus:QuarterlyDividendMemberus-gaap:SubsequentEventMember2024-04-290001513363fdus:UnitedStatesMidwestMember2024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Subordinated Debt Rate Cash 9.00% Rate PIK 4.50% Investment Date 11/9/2023 Maturity Date 11/9/20302024-03-310001513363Non-control/Non-affiliate Investments OnePath Systems, LLC Information Technology Services2023-12-310001513363fdus:SpecialDividendMember2023-08-010001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001513363Non-control/Non-affiliate Investments CIH Intermediate, LLC Business Services Subordinated Debt Rate Cash 10.00% Rate PIK 1.00% Investment date 3/3/2022 Maturity Date 3/3/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (89 units) Investment date 6/26/20232024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.00% Investment date 6/21/2023 Maturity 6/21/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Second Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (0.75%) Rate Cash 12.61% Rate PIK 0.00% Investment date 8/2/2021 Maturity 7/26/20292023-01-012023-12-310001513363us-gaap:EstimateOfFairValueFairValueDisclosureMember2023-12-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail Common Equity (1,000 units) Investment date 9/13/20222023-01-012023-12-310001513363Non-control/Non-affiliate Investments Virtex Enterprises, LP Component Manufacturing Second Lien Debt Variable Index Spread (S + 0.00%) Variable Index Floor (2.50%) Rate Cash 5.43% Rate PIK 9.75% Investment date 4/13/2022 Maturity 6/30/20262024-03-310001513363Non-control/Non-affiliate Investments United Biologics, LLC. Industry Healthcare Services Preferred Equity (98,377 units) Investment date 4/1/20122023-01-012023-12-310001513363Non-control/Non-affiliate Investments Virginia Tile Company, LLC Specialty Distribution Common Equity (17 units) Investment date 12/19/20142024-03-310001513363Non-control/Non-affiliate Investments Green Cubes Technology, LLC (dba Green Cubes) First Lien Debt Variable Index Spread (S + 13.00%) Variable Index Floor (0.00%) Rate Cash 18.58% Rate PIK 0.00% Investment date 12/7/2021 Maturity 12/7/20242023-12-310001513363Non-control/Non-affiliate Investments Level Education Group, LLC (dba CE4Les) Business Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.00%) Rate Cash 11.34% Rate PIK 0.00% Investment date 4/1/2021 Maturity 4/1/20262024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (4,921 units) Investment date 9/16/20222024-03-310001513363Non-control/Non-affiliate Investments Diversified Search LLC Business Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (1.00%) Rate Cash 12.81% Rate PIK 0.00% Investment date 2/7/2019 Maturity 9/30/20252024-01-012024-03-310001513363Non-control/Non-affiliate Investments USG AS Holdings, LLC Utilities: Services Common Equity (Units N/A) Investment date 2/21/20232024-03-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Subordinated Debt Rate Cash 11.00% Rate PIK 2.00% Investment date 12/30/2022 Maturity 11/23/20272023-01-012023-12-310001513363fdus:UsGreenfiberLlcMemberfdus:ControlInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.58% Rate PIK 0.00% Investment date 10/11/2023 Maturity 10/11/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 11.08% Rate PIK 0.00% Investment date 9/13/2022 Maturity Date 9/13/20272024-01-012024-03-310001513363fdus:FivePointThreeFourOnePercentInterestRateMember2023-12-310001513363Non-control/Non-affiliate Investments Virginia Tile Company, LLC Industry Specialty Distribution Common Equity (17 Units) Investment date 12/19/20142023-12-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Common Equity (3,974 units) Investment Date 12/22/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Service Common Equity (3,974 Units) Investment Date 12/22/20232023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Cash 7.00% Rate PIK 7.00% Investment date 7/8/2022 Maturity 1/8/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (207 units) Investment date 8/6/20192023-12-310001513363us-gaap:WarrantMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-01-012024-03-310001513363fdus:FivePointZeroEightTwoPercentInterestRateThreeMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Virginia Tile Company, LLC Specialty Distribution Common Equity (17 units) Investment date 12/19/20142024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services Warrant (150,000 shares) Investment date 10/6/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (141 units) Investment date 11/2/20202024-01-012024-03-310001513363us-gaap:InvestmentAffiliatedIssuerMember2024-03-310001513363Non-control/Non-affiliate Investments Netbase Solutions, Inc. (dba Netbase Quid) Information Technology Services First Lien Debt Variable Index Spread (P+4.00%) Variable Index Floor (3.25%) Rate Cash 12.50% Rate PIK 0.00% Investment date 11/18/2021 Maturity 11/18/20252023-01-012023-12-310001513363fdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ApmIntermediateHoldingsLlcMemberfdus:BuildingProductsManufacturingMember2023-12-310001513363Non-control/Non-affiliate Investments Hub Acquisition Sub, LLC (dba Hub Pen) Promotional products Preferred Equity (868 units) Investment date 10/16/20202023-01-012023-12-310001513363Investments and Money Market Funds2024-03-310001513363Affiliate Investments Spectra A&D Acquisition Inc (fka FDS Avionics Corp) Aerospace & Defense Manufacturing Common Equity (12,035 units) Investment date 8/25/20212024-03-310001513363fdus:TwoPointSevenNineThreePercentInterestRateMember2024-03-310001513363fdus:UsGreenfiberLlcMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001513363fdus:DividendTwoMember2022-08-012022-08-010001513363fdus:UnitrancheInvestmentsMember2023-01-012023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing Common Equity (1,200 units) Investment Date 11/8/20222023-12-310001513363fdus:QedTechnologiesInternationalIncMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:ComponentManufacturingMember2024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:PfanstiehlIncMember2023-01-012023-12-310001513363Affiliate Investments Medsurant Holdings LLC Healthcare Services2023-12-310001513363fdus:UnitedStatesSoutheastMember2023-01-012023-12-310001513363fdus:DividendReinvestmentPlanMember2024-01-012024-12-310001513363Affiliate Investments Steward Holding LLC (dba Steward Advanced Materials) Aerospace & Defense Manufacturing Common Equity (1,000,000 units) Investment Date 11/12/20152023-12-310001513363fdus:ThreePointFiveZeroPercentNotesDueTwoThousandTwentySixMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments BurgerFi International, LLC (dba BurgerFi) (ad) Restaurants 2023-12-310001513363Non-control/Non-affiliate Investments Wonderware Holdings, LLC (dba CORE Business Technologies) Information Technology Services First Lien Debt Variable Index Spread (S + 7.00%) Variable Index Floor (1.00%) Rate Cash 12.60% Rate PIK 0.00% Investment date 2/10/2021 Maturity 9/30/20242024-03-310001513363Control Investments US GreenFiber LLC Building Products Manufacturing Common Equity (425,508 units) Investment Date 8/30/20192024-03-310001513363Non-control/Non-affiliate Investments BCM One Group Holdings, Inc. Information Technology Services Subordinated Debt RateCash 11.75% Rate PIK 0.00% Investment date 11/17/2021 Maturity 11/17/20282023-12-310001513363Non-control/Non-affiliate Investments White Label Communication, LLC Industry Information Technology Services First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.58% Rate PIK 0.00% Investment date 10/11/2023 Maturity 10/11/20292024-03-310001513363Non-control/Non-affiliate Investments Quantum IR Technologies, LLC Information Technology Services First Lien Debt Rate Cash/PIK 14.00%/0.00% Investment date 3/19/2024 Maturity 12/20/20262024-03-310001513363fdus:SupplementalDividendMember2024-02-140001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing First Lien Debt Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.60% Rate PIK 0.00% Investment date 7/8/2022 Maturity 7/8/20272023-12-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Common Equity (1,000 units) Investment Date 7/8/20222023-12-310001513363Non-control/Non-affiliate Investments Fishbowl Solutions, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (1.00%) Rate Cash 13.34% Rate PIK 0.00% Investment date 3/25/2022 Maturity 3/25/20272024-03-310001513363Non-control/Non-affiliate Investments BP Thrift Buyer, LLC (dba myUnique and Ecothrift) Retail First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (1.50%) Rate Cash 8.83% Rate PIK 0.00% Investment date 5/12/2023 Maturity Date 9/13/20272024-03-310001513363fdus:EquityInvestmentMemberus-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2023-12-310001513363Non-control/Non-affiliate Investments Healthfuse, LLC Healthcare Services Preferred Equity (197,980 units) Investment date 11/13/20202023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMembersrt:MaximumMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments MBS Opco, LLC (dba Marketron) Information Technology Services First Lien Debt Variable Index Spread (S+8.50%) Variable Index Floor (1.50%) Rate Cash 14.09% Rate PIK 0.00% Investment date 9/29/2022 Maturity 9/28/20262024-03-310001513363us-gaap:FairValueInputsLevel1Memberus-gaap:MoneyMarketFundsMember2024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services Common Equity (256,964 units) Investment date 4/5/20212024-03-310001513363fdus:SpecialDividendMember2022-11-030001513363fdus:ControlInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Preferred Equity (12,500 units) Investment date 9/18/20232023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution Preferred Equity (519,244 units) Investment date 11/14/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Common Equity (400,000 units) Investment date 2/28/20232024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMemberus-gaap:SubordinatedDebtMember2022-12-310001513363fdus:SupplementalDividendOneMember2022-08-012022-08-010001513363us-gaap:CommonStockMember2023-12-3100015133632023-03-310001513363fdus:UnitedStatesSouthwestMember2024-01-012024-03-310001513363fdus:R1HoldingsLlcDbaRoadoneIntermodalogisticsCommonEquityMember2023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services2024-03-310001513363fdus:TwoPointSevenNineThreePercentInterestRateMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services 2023-12-310001513363Non-control/Non-affiliate Investments Gurobi Optimization, LLC Information Technology Services Common Equity (3 shares) Investment date 12/19/20172023-01-012023-12-310001513363Money Market Funds Goldman Sachs Financial Square Treasury Obligation Institution2023-12-310001513363fdus:SecondLienDebtMember2023-12-310001513363Money Market Funds2023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (207 units) Investment date 8/6/20192024-01-012024-03-3100015133632023-05-020001513363Non-control/Non-affiliate Investments Donovan Food Brokerage, LLC Business Services First Lien Debt Index Spread (S + 6.50%) Variable Index Floor(2.00%) Rate Cash 11.82% Rate PIK 0.00% Investment date 2/23/2024 Maturity 2/23/20292024-01-012024-03-310001513363us-gaap:CommonStockMember2022-11-100001513363fdus:SmallBusinessAdministrationDebenturesMember2023-12-310001513363Non-control/Non-affiliate Investments Ad Info Parent, Inc. (dba MediaRadar) Information Technology Services Preferred Equity (1,250,000 units) Investment Date 11/1/20232024-03-310001513363us-gaap:RevolvingCreditFacilityMemberus-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMemberfdus:IngCapitalLimitedLiabilityCompanyMemberfdus:SeniorSecuredRevolvingCreditAgreementMember2020-06-260001513363Non-control/Non-affiliate Investments Winona Foods, Inc. Industry Specialty Distribution First Lien Debt Variable Index Spread (S + 11.00%) Variable Index Floor (6.00%) Rate Cash 12.00% Rate PIK 5.00% Investment date 12/13/2023 Maturity 6/13/20272023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Preferred Equity (1,000 units) Investment date 12/8/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments Haematologic Technologies, Inc. Healthcare Services Common Equity (89 units) Investment date 6/26/20232024-01-012024-03-310001513363Non-control/Non-affiliate Investments W50 Holdings, LLC Business Services Subordinated Debt Rate Cash 8.00% Rate PIK 4.50% Investment date 3/22/2024 Maturity 3/24/20312024-03-310001513363Non-control/Non-affiliate Investments R.F. Fager Company LLC Specialty Distribution Common Equity (12,500 units) Investment date 3/04/20242024-03-310001513363fdus:TediaCompanyLlcRevolvingLoanMember2024-03-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberus-gaap:SubordinatedDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2023-12-310001513363Non-control/Non-affiliate Investments Bedford Precision Parts LLC Specialty Distribution Common Equity (500,000 units) Investment date 3/12/20192024-01-012024-03-310001513363Non-control/Non-affiliate Investments Barefoot Mosquito and Pest Control, LLC Consumer Services Revolving Loan ($1,500 unfunded commitment) Variable Index Spread (S + 7.00%) Variable Index Floor 2.00% Rate Cash 12.33% Rate PIK 0.00% Investment Date 12/22/2023 Maturity Date 12/22/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment Date 11/9/20232023-12-310001513363us-gaap:EquitySecuritiesMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments PowerGrid Services Acquisition, LLC Utilities: Services Second Lien Debt Variable Index Spread / Floor (S + 9.50%) / (1.00%) Rate Cash/PIK 14.94%/0.00% Investment date 9/21/2021 Maturity 3/21/20292024-01-012024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services2023-12-310001513363fdus:InformationTechnologyServicesMemberfdus:TwoKDirectIncMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMember2023-12-310001513363fdus:AdInfoParentIncDbaMediaradarRevolvingLoanMember2024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.25%) Variable Index Floor (0.50%) Rate Cash 12.80% Rate PIK 0.00% Investment date 6/25/2021 Maturity 6/25/20262023-01-012023-12-310001513363us-gaap:ValuationTechniqueDiscountedCashFlowMemberus-gaap:FairValueInputsLevel3Memberfdus:SecondLienDebtMemberfdus:MeasurementInputWeightedAverageCostOfCapitalMember2024-03-310001513363Non-control/Non-affiliate Investments Worldwide Express Operations, LLC Industry Transportation services Common Equity (795,000units) Investment date 7/21/20212023-01-012023-12-310001513363srt:MaximumMemberfdus:ValuationTechniqueEnterpriseValueMemberus-gaap:FairValueInputsLevel3Memberfdus:MeasurementInputAssetCoverageMemberfdus:FirstLienDebtMember2023-12-310001513363Non-control/Non-affiliate Investments Dataguise, Inc. Information Technology Services Subordinated Debt Rate Cash 11.00% Rate PIK 2.00% Investment date 12/30/2022 Maturity 11/23/20272024-01-012024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services First Lien Debt ($1,596 unfunded commitment) Variable Index Spread / Floor (S + 6.25%) / (1.00%) Rate Cash/PIK 11.47%/0.00% Investment date 12/30/2022 Maturity 12/30/20282024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.25%) Rate Cash 11.14% Rate PIK 2.00% Investment date 6/21/2023 Maturity 6/21/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries Preferred Equity (207 units) Investment date 8/6/20192023-01-012023-12-310001513363Non-control/Non-affiliate Investments Road Safety Services, Inc. Business Services Common Equity (779 units) Investment date 9/18/20182024-01-012024-03-310001513363fdus:SuitedConnectorLlcMemberus-gaap:CarryingReportedAmountFairValueDisclosureMember2023-12-310001513363Non-control/Non-affiliate Investments Palmetto Moon, LLC Retail Common Equity (499 units) Investment date 11/3/20162024-03-310001513363fdus:UnitedStatesWestMember2024-01-012024-03-310001513363fdus:FourPointSevenFivePercentNotesDueTwoThousandTwentySixMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments AmeriWater, LLC Component Manufacturing Cash 7.00% Rate PIK 7.00% Investment date 7/8/2022 Maturity 1/8/20282023-01-012023-12-3100015133632022-02-152022-02-150001513363fdus:SupplementalDividendMember2022-11-030001513363Non-control/Non-affiliate Investments SES Investors, LLC (dba SES Foam) Building Products Manufacturing Common Equity (6,000 units) Investment date 9/8/20162024-01-012024-03-310001513363us-gaap:LineOfCreditMember2023-01-012023-03-310001513363fdus:AffiliateInvestmentsMember2023-12-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products2023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services Common Equity (1,000,000 units) Investment date 6/25/20212023-01-012023-12-310001513363us-gaap:SeniorNotesMember2024-01-012024-03-310001513363us-gaap:EquitySecuritiesMember2024-03-310001513363Non-control/Non-affiliate Investments Bad Boy Mowers JV Acquisition, LLC Consumer Products Preferred Equity (13,000 units) Investment date 11/9/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC ) Utilities: Services Revolving Loan ($1000 Unfunded Commitment Variable Index Spread (S + 7.00%) Variable Index Floor (2.00%) Rate Cash 12.38% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments AOM Intermediate Holdco, LLC (dbaAllOver Media) Information Technology Services Common Equity (1,232 units) Investment date 2/1/20222024-03-310001513363Non-control/Non-affiliate Investments Magenta Buyer LLC (dba Trellix) Information Technology Services Second Lien Debt Variable Index Spread (S+8.25%) Variable Index Floor (0.75%) Rate Cash 13.82% Rate PIK 0.00% Investment date 7/19/2022 Maturity 7/27/20292024-03-310001513363Non-control/Non-affiliate Investments Dealerbuilt Acquisition, LLC Information Technology Services Subordinated Debt Rate Cash 7.50% Rate PIK 7.50% Investment date 7/21/2023 Maturity 7/21/20272023-12-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Common Equity (100 shares) Investment date 3/19/20212024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:StewardHoldingLlcMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Preferred Equity (495 shares) Investment date 8/10/20212024-01-012024-03-310001513363Non-control/Non-affiliate Investments ServicePower, Inc. Information Technology Services First Lien Debt Variable Index Spread / Floor (S + 8.00%) / (3.25%) Rate Cash/PIK 13.33%/0.00% Investment date 3/15/2024 Maturity 3/15/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services First Lien Debt ($1,596 unfunded commitment) Variable Index Spread / Floor (S + 6.25%) / (1.00%) Rate Cash/PIK 11.47%/0.00% Investment date 12/30/2022 Maturity 12/30/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services First Lien Debt Variable Index Spread (S + 6.75%) Variable Index Floor (1.00%) Rate Cash 12.29% Rate PIK 0.00% Investment date 2/28/2023 Maturity 11/30/20262023-12-310001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Subordinated Debt ($417 unfunded commitment) Rate Cash/PIK 8.75%/5.00% Investment date 12/30/2022 Maturity 6/30/20292023-01-012023-12-310001513363Non-control/Non-affiliate Investments Quest Software US Holdings Inc. Information Technology Services Second Lien Debt Variable Index Spread / Floor (S + 7.50%) / (0.50%) Rate Cash/PIK 12.96%/0.00% Investment date 3/1/2022 Maturity 2/1/20302024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services Subordinated Debt Rate Cash 0.00% Rate PIK 14.00% Investment date 6/21/2023 Maturity 6/21/20282023-01-012023-12-310001513363Non-control/Non-affiliate Investments APM Intermediate Holdings, LLC (dba Artistic Paver Manufacturing, Inc.) Building Products Manufacturing Common Equity (1,200 units) Investment Date 11/8/20222024-01-012024-03-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (41,290 units) Investment date 12/16/20222024-01-012024-03-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S+6.75%) Variable Index Floor (0.50%) Rate Cash 8.98% Rate PIK 0.00% Investment date 7/30/2021 Maturity 6/25/20262024-03-310001513363Non-control/Non-affiliate Investments Detechtion Holdings, LLC Information Technology Services First Lien Debt Variable Index Spread (S + 5.75%) Variable Index Floor (2.25%) Rate Cash 11.08% Rate PIK 2.00% Investment date 6/21/2023 Maturity 6/21/20282024-01-012024-03-310001513363fdus:UnitedStatesSoutheastMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products Common Equity (100 shares) Investment date 3/19/20212023-01-012023-12-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services Preferred Equity (1,000,000 units) Investment date 3/7/20242024-01-012024-03-310001513363Non-control/Non-affiliate Investments American AllWaste LLC (dba WasteWater Transport Services) Environmental Industries First Lien Debt Variable Index Spread (S + 4.00%) Variable Index Floor (1.00%) Rate Cash 9.66% Rate PIK 0.00% Investment date 6/28/2021 Maturity 6/28/20262023-01-012023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S + 7.75%) Variable Index Floor (0.50%) Rate Cash 13.41% Rate PIK 0.00% Investment date 10/6/2021 Maturity 10/6/20262023-12-310001513363 Non-control/Non-affiliate Investments Choice Technology Solutions, LLC (dba Choice Merchant Solutions, LLC) Information Technology Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S + 6.25%) Variable Index Floor (1.00%) Rate Cash 11.83% Rate PIK 0.00% Investment date 4/1/2022 Maturity Date 4/1/20272024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (524,624 units) Investment date 8/3/20232024-03-310001513363Non-control/Non-affiliate Investments ISI PSG Holdings, LLC (dba Incentive Solutions, Inc.) Business Services First Lien Debt Variable Index Spread (S+7.50%) Variable Index Floor (0.50%) Rate Cash 9.50% Rate PIK 0.00% Investment date 6/30/2021 Maturity 4/5/20262023-12-310001513363fdus:FivePointZeroEightTwoPercentInterestRateMember2024-03-310001513363fdus:UnitedStatesWestMember2024-03-310001513363Non-control/Non-affiliate Investments Cardback Intermediate, LLC (dba Chargeback Gurus) Information Technology Services Common Equity (495 shares) Investment date 8/10/20212024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services Common Equity (7,883 units) Investment date 6/30/20232023-01-012023-12-310001513363fdus:AldingerCompanyMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363Non-control/Non-affiliate Investments LifeSpan Biosciences, Inc. Healthcare Products2024-03-310001513363fdus:EquityInvestmentMember2024-03-310001513363Non-control/Non-affiliate Investments Hallmark Health Care Solutions, Inc. Healthcare Services Common Equity (3,645,752 units) Investment date 9/18/20232023-01-012023-12-310001513363Non-control/Non-affiliate Investments GMP HVAC, LLC (dba McGee Heating & Air, LLC) Utilities: Services Revolving Loan ($1,000 unfunded commitment) Variable Index Spread (S +7.00%) Variable Index Floor (2.00%) Rate Cash 12.33% Rate PIK 0.00% Investment date 12/8/2023 Maturity 12/8/20282024-01-012024-03-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution Preferred Equity (518,135 units) Investment date 11/14/20232023-12-310001513363Non-control/Non-affiliate Investments CTM Group, Inc. Business Services Subordinated Debt Rate Cash 11.50% Rate PIK 2.00% Investment date 2/28/2023 Maturity 11/30/20272024-01-012024-03-310001513363fdus:AerospaceAndDefenseManufacturingMemberfdus:FirstLienDebtMemberfdus:NonControlOrNonAffiliateInvestmentsMemberfdus:SpectraAAndDAcquisitionIncMember2023-12-310001513363fdus:AffiliateInvestmentMembersrt:MaximumMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products First Lien Debt Variable Index Spread (S+6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 8/31/2023 Maturity 8/3/20272024-03-310001513363srt:MinimumMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Aldinger Company Business Services2024-03-310001513363us-gaap:FairValueInputsLevel3Memberus-gaap:FairValueMeasurementsRecurringMember2024-03-310001513363fdus:InvestmentAdvisoryAgreementMember2023-12-310001513363Non-control/Non-affiliate Investments 301 Edison Holdings Inc. (dba LGG Industrial) Specialty Distribution Preferred Equity (519,244 units) Investment date 11/14/20232024-03-310001513363fdus:PrimeAeGroupIncMemberfdus:FirstLienDebtMemberfdus:BusinessServicesMemberfdus:NonControlOrNonAffiliateInvestmentsMember2024-03-310001513363fdus:AffiliateInvestmentsMember2022-12-310001513363Affiliate Investments Spectra A&D Acquisition, Inc. (fka FDS Avionics Corp.) Aerospace & Defense Manufacturing Common Equity (41,290 units) Investment date 12/16/20222024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products First Lien Debt Variable Index Spread (S+6.25%) Variable Index Floor (1.00%) Rate Cash 11.70% Rate PIK 0.00% Investment date 8/31/2023 Maturity 8/3/20272024-01-012024-03-310001513363fdus:SpecialDividendMember2022-11-032022-11-030001513363fdus:AdInfoParentIncDbaMediaradarRevolvingLoanMember2023-12-310001513363Non-control/Non-affiliate Investments Auto CRM LLC (dba Dealer Holdings) Information Technology Services First Lien Debt Variable Index Spread (P + 5.50%) Variable Index Floor 3.25% Rate Cash 14.00% Rate PIK 0.85% Investment Date 10/1/2021 Maturity Date 10/1/20262024-03-310001513363Non-control/Non-affiliate Investments Informatics Holdings, Inc. (dba Wasp Barcode Technologies) Information Technology Services Preferred Equity (1,000,000 units) Investment date 3/7/20242024-03-310001513363Non-control/Non-affiliate Investments MDME Holding Corp. Healthcare Products Preferred Equity (12,500 units) Investment date 9/18/2023 2024-01-012024-03-310001513363fdus:SeventeenAndSixteenPortfolioCompanyInvestmentsMember2024-03-310001513363fdus:FivePointEightSixOnePercentInterestRateTwoMember2023-12-310001513363Non-control/Non-affiliate Investments Micronics Filtration Holdings, Inc. (dba Micronics Engineered Filtration Group, Inc.) Component Manufacturing First Lien Debt Variable Index Spread (S+5.50%) Variable Index Floor (0.50%) Rate Cash 10.84% Rate PIK 0.00% Investment date 2/17/2022 Maturity 2/17/20272023-01-012023-12-310001513363fdus:SupplementalDividendMember2022-02-152022-02-150001513363Non-control/Non-affiliate Investments R1 Holdings, LLC (dba RoadOne IntermodaLogistics) Transportation services Subordinated Debt ($417 unfunded commitment) Rate Cash/PIK 8.75%/5.00% Investment date 12/30/2022 Maturity 6/30/20292024-01-012024-03-310001513363fdus:AffiliateInvestmentsMemberfdus:ApplegateGreenfiberIntermediateIncMember2024-01-012024-03-310001513363Non-control/Non-affiliate Investments Acendre Midco, Inc. Information Technology Services2023-12-310001513363fdus:AffiliateInvestmentsMemberfdus:StewardHoldingLlcMember2024-03-310001513363Non-control/Non-affiliate Investments Prime AE Group, Inc. Business Services2024-03-310001513363Non-control/Non-affiliate Investments Allredi, LLC (fka Marco Group International OpCo, LLC) Industrial Cleaning & Coatings Common Equity (570,636 units) Investment date 7/21/20172023-01-012023-12-310001513363Non-control/Non-affiliate Investments 2KDirect, Inc. (dba iPromote) Information Technology Services First Lien Debt Variable Index Spread (S+6.75%) Variable Index Floor (0.50%) Rate Cash 12.23% Rate PIK 0.00% Investment date 6/25/2021 Maturity 6/25/20262024-01-012024-03-310001513363us-gaap:FairValueInputsLevel3Member2024-03-31fdus:Investmentxbrli:purefdus:Segmentxbrli:sharesiso4217:USDxbrli:sharesiso4217:USD