3/310000017313false2026Q311.040.0447828http://fasb.org/us-gaap/2025#OtherAssetshttp://fasb.org/us-gaap/2025#OtherAssetshttp://fasb.org/us-gaap/2025#OtherLiabilitieshttp://fasb.org/us-gaap/2025#OtherLiabilitiesnilxbrli:sharesiso4217:USDiso4217:USDxbrli:sharesxbrli:purecswc:segmentcswc:facilitycswc:lendercswc:trading_daycswc:consecutive_trading_daycswc:pooling_datecswc:sales_agentutr:sqft00000173132025-04-012025-12-3100000173132026-01-290000017313us-gaap:InvestmentUnaffiliatedIssuerMember2025-12-310000017313us-gaap:InvestmentUnaffiliatedIssuerMember2025-03-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-12-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-03-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2025-12-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2025-03-3100000173132025-12-3100000173132025-03-310000017313cswc:SmallBusinessAdministrationDebenturesMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMember2025-03-310000017313cswc:October2026NotesMember2025-12-310000017313cswc:October2026NotesMember2025-03-310000017313cswc:August2028NotesMember2025-12-310000017313cswc:August2028NotesMember2025-03-310000017313cswc:A2029ConvertibleNotesMember2025-12-310000017313cswc:A2029ConvertibleNotesMember2025-03-310000017313cswc:September2030NotesMember2025-12-310000017313cswc:September2030NotesMember2025-03-310000017313us-gaap:InvestmentUnaffiliatedIssuerMember2025-10-012025-12-310000017313us-gaap:InvestmentUnaffiliatedIssuerMember2024-10-012024-12-310000017313us-gaap:InvestmentUnaffiliatedIssuerMember2025-04-012025-12-310000017313us-gaap:InvestmentUnaffiliatedIssuerMember2024-04-012024-12-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-10-012025-12-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-10-012024-12-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2025-04-012025-12-310000017313us-gaap:InvestmentAffiliatedIssuerNoncontrolledMember2024-04-012024-12-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2025-10-012025-12-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2024-10-012024-12-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2025-04-012025-12-310000017313us-gaap:InvestmentAffiliatedIssuerControlledMember2024-04-012024-12-3100000173132025-10-012025-12-3100000173132024-10-012024-12-3100000173132024-04-012024-12-310000017313us-gaap:CommonStockMember2024-03-310000017313us-gaap:TreasuryStockCommonMember2024-03-310000017313us-gaap:AdditionalPaidInCapitalMember2024-03-310000017313us-gaap:RetainedEarningsMember2024-03-3100000173132024-03-310000017313us-gaap:CommonStockMember2024-04-012024-06-300000017313us-gaap:AdditionalPaidInCapitalMember2024-04-012024-06-3000000173132024-04-012024-06-300000017313us-gaap:RetainedEarningsMember2024-04-012024-06-300000017313us-gaap:CommonStockMember2024-06-300000017313us-gaap:TreasuryStockCommonMember2024-06-300000017313us-gaap:AdditionalPaidInCapitalMember2024-06-300000017313us-gaap:RetainedEarningsMember2024-06-3000000173132024-06-300000017313us-gaap:CommonStockMember2024-07-012024-09-300000017313us-gaap:AdditionalPaidInCapitalMember2024-07-012024-09-3000000173132024-07-012024-09-300000017313us-gaap:RetainedEarningsMember2024-07-012024-09-300000017313us-gaap:CommonStockMember2024-09-300000017313us-gaap:TreasuryStockCommonMember2024-09-300000017313us-gaap:AdditionalPaidInCapitalMember2024-09-300000017313us-gaap:RetainedEarningsMember2024-09-3000000173132024-09-300000017313us-gaap:CommonStockMember2024-10-012024-12-310000017313us-gaap:AdditionalPaidInCapitalMember2024-10-012024-12-310000017313us-gaap:RetainedEarningsMember2024-10-012024-12-310000017313us-gaap:CommonStockMember2024-12-310000017313us-gaap:TreasuryStockCommonMember2024-12-310000017313us-gaap:AdditionalPaidInCapitalMember2024-12-310000017313us-gaap:RetainedEarningsMember2024-12-3100000173132024-12-310000017313us-gaap:CommonStockMember2025-03-310000017313us-gaap:TreasuryStockCommonMember2025-03-310000017313us-gaap:AdditionalPaidInCapitalMember2025-03-310000017313us-gaap:RetainedEarningsMember2025-03-310000017313us-gaap:CommonStockMember2025-04-012025-06-300000017313us-gaap:AdditionalPaidInCapitalMember2025-04-012025-06-3000000173132025-04-012025-06-300000017313us-gaap:RetainedEarningsMember2025-04-012025-06-300000017313us-gaap:CommonStockMember2025-06-300000017313us-gaap:TreasuryStockCommonMember2025-06-300000017313us-gaap:AdditionalPaidInCapitalMember2025-06-300000017313us-gaap:RetainedEarningsMember2025-06-3000000173132025-06-300000017313us-gaap:CommonStockMember2025-07-012025-09-300000017313us-gaap:AdditionalPaidInCapitalMember2025-07-012025-09-3000000173132025-07-012025-09-300000017313us-gaap:RetainedEarningsMember2025-07-012025-09-300000017313us-gaap:CommonStockMember2025-09-300000017313us-gaap:TreasuryStockCommonMember2025-09-300000017313us-gaap:AdditionalPaidInCapitalMember2025-09-300000017313us-gaap:RetainedEarningsMember2025-09-3000000173132025-09-300000017313us-gaap:CommonStockMember2025-10-012025-12-310000017313us-gaap:AdditionalPaidInCapitalMember2025-10-012025-12-310000017313us-gaap:RetainedEarningsMember2025-10-012025-12-310000017313us-gaap:CommonStockMember2025-12-310000017313us-gaap:TreasuryStockCommonMember2025-12-310000017313us-gaap:AdditionalPaidInCapitalMember2025-12-310000017313us-gaap:RetainedEarningsMember2025-12-310000017313cswc:January2026NotesMember2025-04-012025-12-310000017313cswc:January2026NotesMember2024-04-012024-12-310000017313cswc:October2026NotesMember2025-04-012025-12-310000017313cswc:October2026NotesMember2024-04-012024-12-310000017313cswc:August2028NotesMember2025-04-012025-12-310000017313cswc:August2028NotesMember2024-04-012024-12-310000017313BRANDNER DESIGN, LLC | Revolving Loan 12025-12-310000017313BRANDNER DESIGN, LLC | Revolving Loan 22025-12-310000017313BRANDNER DESIGN, LLC | First Lien 12025-12-310000017313BRANDNER DESIGN, LLC | First Lien 22025-12-310000017313cswc:BRANDNERDESIGNLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:BuildingInfrastructureProductsSectorMember2025-12-310000017313DYNAMIC COMMUNITIES, LLC | First Lien - Term Loan A2025-12-310000017313DYNAMIC COMMUNITIES, LLC | First Lien - Term Loan B2025-12-310000017313cswc:DYNAMICCOMMUNITIESLLCMember2025-12-310000017313GAINS INTERMEDIATE, LLC | Revolving Loan2025-12-310000017313GAINS INTERMEDIATE, LLC | First Lien - Term Loan A2025-12-310000017313GAINS INTERMEDIATE, LLC | First Lien - Term Loan B2025-12-310000017313cswc:GAINSINTERMEDIATELLCMember2025-12-310000017313IVUEIT, LLC | Revolving Loan2025-12-310000017313IVUEIT, LLC | First Lien2025-12-310000017313IVUEIT, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:IVUEITLLCMember2025-12-310000017313SPOTLIGHT AR, LLC | Revolving Loan2025-12-310000017313SPOTLIGHT AR, LLC | First Lien2025-12-310000017313cswc:SpotlightARLLCMember2025-12-310000017313US COURTSCRIPT HOLDINGS, INC. | First Lien2025-12-310000017313WINTER SERVICES OPERATIONS, LLC | Revolving Loan2025-12-310000017313WINTER SERVICES OPERATIONS, LLC | First Lien - Term Loan A2025-12-310000017313WINTER SERVICES OPERATIONS, LLC | First Lien - Term Loan B2025-12-310000017313WINTER SERVICES OPERATIONS, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:WinterServicesOperationsLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:BusinessServicesSectorMember2025-12-310000017313VP MOVE PURCHASER, INC. | Revolving Loan2025-12-310000017313VP MOVE PURCHASER, INC. | First Lien - Term Loan A2025-12-310000017313VP MOVE PURCHASER, INC. | First Lien - Term Loan B2025-12-310000017313cswc:VPMOVEPURCHASERINCMember2025-12-310000017313WHITE PLAINS LINEN LLC | Revolving Loan2025-12-310000017313WHITE PLAINS LINEN LLC | First Lien - Term Loan A2025-12-310000017313WHITE PLAINS LINEN LLC | First Lien - Term Loan B2025-12-310000017313cswc:WHITEPLAINSLINENLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:CommercialServicesAndSuppliesMember2025-12-310000017313ALLIANCE SPORTS GROUP | Unsecured Convertible Note2025-12-310000017313CLUTCH, INC. | Revolving Loan2025-12-310000017313CLUTCH, INC. | First Lien - Term Loan A2025-12-310000017313CLUTCH, INC. | First Lien - Term Loan B2025-12-310000017313CLUTCH, INC. | First Lien - Term Loan C2025-12-310000017313cswc:CLUTCHINC.Member2025-12-310000017313GRAVITIQ LLC | Revolving Loan2025-12-310000017313GRAVITIQ LLC | First Lien - Term Loan A2025-12-310000017313GRAVITIQ LLC | First Lien - Term Loan B2025-12-310000017313cswc:GRAVITIQLLCMember2025-12-310000017313HEAT TRAK, LLC | First Lien - Term Loan A2025-12-310000017313HYBRID PROMOTIONS, LLC | Second Lien2025-12-310000017313LASH OPCO, LLC | Revolving Loan2025-12-310000017313LASH OPCO, LLC | First Lien2025-12-310000017313cswc:LashOpCoLLCMember2025-12-310000017313REVO BRANDS, INC. | Revolving Loan2025-12-310000017313REVO BRANDS, INC. | First Lien - Term Loan A2025-12-310000017313REVO BRANDS, INC. | First Lien - Term Loan B2025-12-310000017313REVO BRANDS, INC. | First Lien - Term Loan C2025-12-310000017313cswc:RevoBrandsINCMember2025-12-310000017313TRU FRAGRANCE & BEAUTY LLC | Revolving Loan2025-12-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien - Term Loan A2025-12-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien - Term Loan B2025-12-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien2025-12-310000017313cswc:TruFragranceBeautyLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:ConsumerProductsSectorMember2025-12-310000017313AIR CONDITIONING SPECIALIST INC. | Revolving Loan2025-12-310000017313AIR CONDITIONING SPECIALIST INC. | First Lien2025-12-310000017313AIR CONDITIONING SPECIALIST INC. | Delayed Draw Term Loan2025-12-310000017313cswc:AirConditioningSpecialistIncMember2025-12-310000017313AMERICAN PET RESORT, LLC | Revolving Loan2025-12-310000017313AMERICAN PET RESORT, LLC | First Lien - Term Loan A2025-12-310000017313AMERICAN PET RESORT, LLC | First Lien - Term Loan B2025-12-310000017313AMERICAN PET RESORT, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:AMERICANPETRESORTLLCMember2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | Revolving Loan2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | First Lien - Term Loan A2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | First Lien - Term Loan B2025-12-310000017313cswc:APPLEROOFINGADMINISTRATIVESERVICESLLCFkaROOFOPCOLLCMember2025-12-310000017313BETTER THAN HOME, INC. | Revolving Loan2025-12-310000017313BETTER THAN HOME, INC. | First Lien2025-12-310000017313BETTER THAN HOME, INC. | Delayed Draw Term Loan2025-12-310000017313cswc:BETTERTHANHOMEINC.Member2025-12-310000017313CAMPANY ROOF MAINTENANCE, LLC | Revolving Loan2025-12-310000017313CAMPANY ROOF MAINTENANCE, LLC | First Lien2025-12-310000017313cswc:CAMPANYROOFMAINTENANCELLCMember2025-12-310000017313KINDRED PET SERVICE, LLC | Revolving Loan2025-12-310000017313KINDRED PET SERVICE, LLC | First Lien2025-12-310000017313cswc:KINDREDPETSERVICELLCFkaREDDOGOPERATIONSHOLDINGCOMPANYLLCMember2025-12-310000017313LIFT BRANDS, INC. | Tranche A Term Loan2025-12-310000017313LIFT BRANDS, INC. | Tranche B Term Loan2025-12-310000017313LIFT BRANDS, INC. | Tranche C Loan2025-12-310000017313cswc:LIFTBRANDSINCMember2025-12-310000017313MAIN LINE BRANDS LLC | Revolving Loan2025-12-310000017313MAIN LINE BRANDS LLC | First Lien2025-12-310000017313cswc:MAINLINEBRANDSLLCMember2025-12-310000017313POOL SERVICE PARTNERS, INC. | Revolving Loan2025-12-310000017313POOL SERVICE PARTNERS, INC. | First Lien2025-12-310000017313cswc:POOLSERVICEPARTNERSINCMember2025-12-310000017313TMT BHC BUYER, INC. | Revolving Loan2025-12-310000017313TMT BHC BUYER, INC. | First Lien2025-12-310000017313cswc:TMTBHCBUYERINC.Member2025-12-310000017313WASH & WAX HOLDINGS LLC | Revolving Loan2025-12-310000017313WASH & WAX HOLDINGS LLC | First Lien 12025-12-310000017313WASH & WAX HOLDINGS LLC | First Lien 22025-12-310000017313cswc:WASHWAXHOLDINGSLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:ConsumerServicesSectorMember2025-12-310000017313KMS, LLC | Revolving Loan2025-12-310000017313KMS, LLC | First Lien2025-12-310000017313cswc:KMSLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:DistributionSectorMember2025-12-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | Revolving Loan2025-12-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | First Lien - Term Loan A2025-12-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | First Lien - Term Loan B2025-12-310000017313cswc:MUSIKERDISCOVERYPROGRAMSINC.Member2025-12-310000017313STUDENT RESOURCE CENTER LLC | First Lien2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:EducationSectorMember2025-12-310000017313ACE GATHERING, INC. | First Lien2025-12-310000017313PIPELINE TECHNIQUE LTD. | Revolving Loan2025-12-310000017313PIPELINE TECHNIQUE LTD. | First Lien2025-12-310000017313PIPELINE TECHNIQUE LTD. | Delayed Draw Term Loan2025-12-310000017313cswc:PIPELINETECHNIQUELTDMember2025-12-310000017313WELL-FOAM, INC. | Revolving Loan2025-12-310000017313WELL-FOAM, INC. | First Lien2025-12-310000017313cswc:WELLFOAMINCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:EnergyServicesMidstreamSectorMember2025-12-310000017313ARBORWORKS, LLC | Revolving Loan2025-12-310000017313ARBORWORKS, LLC | First Lien2025-12-310000017313cswc:ARBORWORKSLLCMember2025-12-310000017313ISLAND PUMP AND TANK, LLC | Revolving Loan2025-12-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan A2025-12-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan B2025-12-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan C2025-12-310000017313cswc:ISLANDPUMPANDTANKLLCMember2025-12-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | Revolving Loan2025-12-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | First Lien2025-12-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | Second Lien2025-12-310000017313cswc:LIGHTINGRETROFITINTERNATIONALLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:EnvironmentalServicesSectorMember2025-12-310000017313INDINERO GROUP, INC. | Revolving Loan2025-12-310000017313INDINERO GROUP, INC. | First Lien2025-12-310000017313cswc:INDINEROGROUPINC.Member2025-12-310000017313INSURE HOMES CORPORATION | Tranche B Term Loan2025-12-310000017313JACKSON HEWITT TAX SERVICE INC. | First Lien2025-12-310000017313NATIONAL CREDIT CARE, LLC | First Lien - Term Loan A2025-12-310000017313NATIONAL CREDIT CARE, LLC | First Lien - Term Loan B2025-12-310000017313cswc:NATIONALCREDITCARELLCMember2025-12-310000017313us-gaap:DebtSecuritiesMemberus-gaap:FinancialServicesSectorMember2025-12-310000017313AMERICAN NUTS OPERATIONS LLC | First Lien - Term Loan A2025-12-310000017313AMERICAN NUTS OPERATIONS LLC | First Lien - Term Loan B2025-12-310000017313cswc:AMERICANNUTSOPERATIONSLLCMember2025-12-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan A2025-12-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan B2025-12-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan C2025-12-310000017313cswc:FOODPHARMASUBSIDIARYHOLDINGSLLCMember2025-12-310000017313GULF PACIFIC ACQUISITION, LLC | Revolving Loan2025-12-310000017313GULF PACIFIC ACQUISITION, LLC | First Lien2025-12-310000017313cswc:GULFPACIFICACQUISITIONLLCMember2025-12-310000017313MAMMOTH BORROWCO, INC. | Revolving Loan2025-12-310000017313MAMMOTH BORROWCO, INC. | First Lien - Term Loan A2025-12-310000017313MAMMOTH BORROWCO, INC. | First Lien - Term Loan B2025-12-310000017313MAMMOTH BORROWCO, INC. | Delayed Draw Term Loan2025-12-310000017313cswc:MAMMOTHBORROWCOINCMember2025-12-310000017313MUENSTER MILLING COMPANY | Revolving Loan2025-12-310000017313MUENSTER MILLING COMPANY | First Lien2025-12-310000017313MUENSTER MILLING COMPANY | Delayed Draw Term Loan2025-12-310000017313cswc:MUENSTERMILLINGCOMPANYLLCMember2025-12-310000017313NEW SKINNY MIXES, LLC | Revolving Loan2025-12-310000017313NEW SKINNY MIXES, LLC | First Lien2025-12-310000017313cswc:NEWSKINNYMIXESLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:FoodAgricultureAndBeverageSectorMember2025-12-310000017313CENTRAL MEDICAL SUPPLY LLC | Revolving Loan2025-12-310000017313CENTRAL MEDICAL SUPPLY LLC | First Lien2025-12-310000017313cswc:CENTRALMEDICALSUPPLYLLCMember2025-12-310000017313COMMAND GROUP ACQUISITION, LLC | First Lien2025-12-310000017313LKC TECHNOLOGIES, INC. | Revolving Loan2025-12-310000017313LKC TECHNOLOGIES, INC. | First Lien2025-12-310000017313cswc:LKCTECHNOLOGIESINCMember2025-12-310000017313SCRIP, INC. | First Lien2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareEquipmentSuppliesSectorMember2025-12-310000017313DWS BUYER LLC | Revolving Loan2025-12-310000017313DWS BUYER LLC | First Lien2025-12-310000017313DWS BUYER LLC | Delayed Draw Term Loan2025-12-310000017313cswc:DWSBUYERLLCMember2025-12-310000017313LIGHTNING INTERMEDIATE II, LLC | Revolving Loan2025-12-310000017313LIGHTNING INTERMEDIATE II, LLC | First Lien2025-12-310000017313cswc:LIGHTNINGINTERMEDIATEIILLCMember2025-12-310000017313MICROBE FORMULAS LLC | Revolving Loan2025-12-310000017313MICROBE FORMULAS LLC | First Lien2025-12-310000017313cswc:MICROBEFORMULASLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareProductsSectorMember2025-12-310000017313AAC NEW HOLDCO INC. | First Lien2025-12-310000017313AAC NEW HOLDCO INC. | First Lien - Term Loan A2025-12-310000017313AAC NEW HOLDCO INC. | First Lien - Term Loan B2025-12-310000017313AAC NEW HOLDCO INC. | Delayed Draw Term Loan 12025-12-310000017313AAC NEW HOLDCO INC. | Delayed Draw Term Loan 22025-12-310000017313cswc:AACNEWHOLDCOINC.Member2025-12-310000017313CAVALIER BUYER, INC. | First Lien2025-12-310000017313CDC DENTAL MANAGEMENT CO., LLC | Revolving Loan2025-12-310000017313CDC DENTAL MANAGEMENT CO., LLC | First Lien - Term Loan A2025-12-310000017313CDC DENTAL MANAGEMENT CO., LLC | First Lien - Term Loan B2025-12-310000017313cswc:CDCDENTALMANAGEMENTCOLLCMember2025-12-310000017313CITYVET INC. | First Lien2025-12-310000017313CUMBRIA CAPITAL MSO, LLC | Revolving Loan2025-12-310000017313CUMBRIA CAPITAL MSO, LLC | First Lien2025-12-310000017313CUMBRIA CAPITAL MSO, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:CUMBRIACAPITALMSOLLCMember2025-12-310000017313HH-INSPIRE ACQUISITION, INC. | Revolving Loan2025-12-310000017313HH-INSPIRE ACQUISITION, INC. | First Lien2025-12-310000017313cswc:HHINSPIREACQUISITIONINCMember2025-12-310000017313INSTITUTES OF HEALTH, LLC | Revolving Loan2025-12-310000017313INSTITUTES OF HEALTH, LLC | First Lien - Term Loan A2025-12-310000017313INSTITUTES OF HEALTH, LLC | First Lien - Term Loan B2025-12-310000017313cswc:INSTITUTESOFHEALTHLLCMember2025-12-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | Revolving Loan2025-12-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | First Lien - Term Loan A2025-12-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | First Lien - Term Loan B2025-12-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:MIDFLORIDAENDODONTICSMANAGEMENTCOMPANYLLCMember2025-12-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | Revolving Loan2025-12-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan A2025-12-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan B2025-12-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan C2025-12-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan D2025-12-310000017313cswc:NEUROPSYCHIATRICHOSPITALSLLCMember2025-12-310000017313PYRAMIDS ACQUISITION, LLC | Revolving Loan2025-12-310000017313PYRAMIDS ACQUISITION, LLC | First Lien2025-12-310000017313cswc:PYRAMIDSACQUISITIONLLCMember2025-12-310000017313ROSELAND MANAGEMENT, LLC | Revolving Loan2025-12-310000017313ROSELAND MANAGEMENT, LLC | First Lien2025-12-310000017313cswc:ROSELANDMANAGEMENTLLCMember2025-12-310000017313SPECTRUM OF HOPE, LLC | First Lien - Superpriority Term Loan2025-12-310000017313SPECTRUM OF HOPE, LLC | First Lien - Tranche A Term Loan2025-12-310000017313SPECTRUM OF HOPE, LLC | First Lien - Tranche B Term Loan2025-12-310000017313cswc:SPECTRUMOFHOPELLCMember2025-12-310000017313SUPERIOR HEALTH PARENT LLC | Revolving Loan2025-12-310000017313SUPERIOR HEALTH PARENT LLC | First Lien2025-12-310000017313SUPERIOR HEALTH PARENT LLC | Delayed Draw Term Loan2025-12-310000017313cswc:SUPERIORHEALTHPARENTLLCMember2025-12-310000017313TALKNY MANAGEMENT HOLDINGS, LLC | First Lien2025-12-310000017313WELL LABS PLUS, LLC | Revolving Loan2025-12-310000017313WELL LABS PLUS, LLC | First Lien2025-12-310000017313WELL LABS PLUS, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:WELLLABSPLUSLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareServicesSectorMember2025-12-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan A2025-12-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan B2025-12-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan C2025-12-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan D2025-12-310000017313cswc:CMCONVEYORINCMember2025-12-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | Revolving Loan2025-12-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | First Lien2025-12-310000017313cswc:DRIVELINESERVICEOFPORTLANDLLCMember2025-12-310000017313SUREKAP, LLC | First Lien - Term Loan A2025-12-310000017313SUREKAP, LLC | First Lien - Term Loan B2025-12-310000017313SUREKAP, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:SUREKAPLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialMachinerySectorMember2025-12-310000017313LLFLEX, LLC | First Lien2025-12-310000017313SERVERLIFT, LLC | Revolving Loan2025-12-310000017313SERVERLIFT, LLC | First Lien - Term Loan A2025-12-310000017313SERVERLIFT, LLC | First Lien - Term Loan B2025-12-310000017313cswc:SERVERLIFTLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialProductsSectorMember2025-12-310000017313BP LOENBRO HOLDINGS INC. | Revolving Loan2025-12-310000017313BP LOENBRO HOLDINGS INC. | First Lien2025-12-310000017313cswc:BPLOENBROHOLDINGSINC.Member2025-12-310000017313MISSION CRITICAL GROUP, LLC | Revolving Loan2025-12-310000017313MISSION CRITICAL GROUP, LLC | First Lien2025-12-310000017313MISSION CRITICAL GROUP, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:MISSIONCRITICALGROUPLLCMember2025-12-310000017313PRECISION SPRAY & COATINGS, LLC | First Lien2025-12-310000017313UPS INTERMEDIATE, LLC | First Lien2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialServicesSectorMember2025-12-310000017313360 QUOTE TOPCO, LLC | Revolving Loan2025-12-310000017313360 QUOTE TOPCO, LLC | First Lien2025-12-310000017313cswc:A360QUOTETOPCOLLCMember2025-12-310000017313ACCELERATION PARTNERS | First Lien2025-12-310000017313BOND BRAND LOYALTY ULC | Revolving Loan2025-12-310000017313BOND BRAND LOYALTY ULC | First Lien - Term Loan A2025-12-310000017313BOND BRAND LOYALTY ULC | First Lien - Term Loan B2025-12-310000017313BOND BRAND LOYALTY ULC | First Lien2025-12-310000017313cswc:BONDBRANDLOYALTYULCMember2025-12-310000017313EXACT BORROWER, LLC | Revolving Loan2025-12-310000017313EXACT BORROWER, LLC | First Lien - Term Loan A2025-12-310000017313EXACT BORROWER, LLC | First Lien - Term Loan B2025-12-310000017313EXACT BORROWER, LLC | First Lien - Term Loan C2025-12-310000017313EXACT BORROWER, LLC | Delayed Draw Term Loan2025-12-310000017313EXACT BORROWER, LLC | Promissory Note2025-12-310000017313cswc:EXACTBORROWERLLCMember2025-12-310000017313FMT SOLUTIONS, LLC | First Lien2025-12-310000017313IGNITE VISIBILITY LLC | Revolving Loan2025-12-310000017313IGNITE VISIBILITY LLC | First Lien - Term Loan A2025-12-310000017313IGNITE VISIBILITY LLC | First Lien - Term Loan B2025-12-310000017313IGNITE VISIBILITY LLC | Delayed Draw Term Loan2025-12-310000017313cswc:IGNITEVISIBILITYLLCMember2025-12-310000017313LOCAL WEB LEADS, LLC | Revolving Loan2025-12-310000017313LOCAL WEB LEADS, LLC | First Lien - Term Loan A2025-12-310000017313LOCAL WEB LEADS, LLC | First Lien - Term Loan B2025-12-310000017313cswc:LOCALWEBLEADSLLCMember2025-12-310000017313SOCIALSEO, LLC | Revolving Loan2025-12-310000017313SOCIALSEO, LLC | First Lien - Term Loan A2025-12-310000017313SOCIALSEO, LLC | First Lien - Term Loan B2025-12-310000017313cswc:SOCIALSEOLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:MediaAndMarketingSectorMember2025-12-310000017313CRAFTY APES, LLC | First Lien2025-12-310000017313CRAFTY APES, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:CRAFTYAPESLLCMember2025-12-310000017313LDG ACQUISITION COMPANY, LLC | Revolving Loan2025-12-310000017313LDG ACQUISITION COMPANY, LLC | First Lien - Term Loan A2025-12-310000017313LDG ACQUISITION COMPANY, LLC | First Lien - Term Loan B2025-12-310000017313LDG ACQUISITION COMPANY, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:LDGACQUISITIONCOMPANYLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:MoviesEntertainmentSectorMember2025-12-310000017313LGM PHARMA LLC | Revolving Loan2025-12-310000017313LGM PHARMA LLC | First Lien - Term Loan A2025-12-310000017313LGM PHARMA LLC | First Lien - Term Loan B2025-12-310000017313LGM PHARMA LLC | First Lien2025-12-310000017313LGM PHARMA LLC | Delayed Draw Term Loan2025-12-310000017313cswc:LGMPHARMALLCMember2025-12-310000017313MONROE BIOMEDICAL RESEARCH, LLC | Revolving Loan2025-12-310000017313MONROE BIOMEDICAL RESEARCH, LLC | First Lien2025-12-310000017313MONROE BIOMEDICAL RESEARCH, LLC | Delayed Draw Term Loan2025-12-310000017313cswc:MONROEBIOMEDICALRESEARCHLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-12-310000017313ARMKO, LLC | Revolving Loan2025-12-310000017313ARMKO, LLC | First Lien2025-12-310000017313cswc:ARMKOLLCMember2025-12-310000017313ENSTOA, INC. | First Lien2025-12-310000017313ENSTOA, INC. | Delayed Draw Term Loan2025-12-310000017313cswc:ENSTOAINC.Member2025-12-310000017313FS VECTOR LLC | Revolving Loan2025-12-310000017313FS VECTOR LLC | First Lien - Term Loan A2025-12-310000017313FS VECTOR LLC | First Lien - Term Loan B2025-12-310000017313cswc:FSVECTORLLCMember2025-12-310000017313THE GOBEL GROUP, LLC | Revolving Loan2025-12-310000017313THE GOBEL GROUP, LLC | First Lien2025-12-310000017313cswc:THEGOBELGROUPLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:ResearchConsultingServicesSectorMember2025-12-310000017313ONE GROUP, LLC | First Lien2025-12-310000017313RODIZIO OPCO LLC | Revolving Loan2025-12-310000017313RODIZIO OPCO LLC | First Lien2025-12-310000017313cswc:RODIZIOOPCOLLCMember2025-12-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | Revolving Loan2025-12-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | First Lien - Term Loan A2025-12-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | First Lien - Term Loan B2025-12-310000017313cswc:SWENSONSDRIVEINRESTAURANTSLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:RestaurantsSectorMember2025-12-310000017313ACACIA BUYERCO V LLC | Revolver Loan2025-12-310000017313ACACIA BUYERCO V LLC | First Lien - Term Loan A2025-12-310000017313cswc:ACACIABUYERCOVLLCMember2025-12-310000017313CADMIUM, LLC | Revolving Loan2025-12-310000017313CADMIUM, LLC | First Lien2025-12-310000017313cswc:CADMIUMLLCMember2025-12-310000017313INFOGAIN CORPORATION | First Lien2025-12-310000017313ISI ENTERPRISES, LLC | Revolving Loan2025-12-310000017313ISI ENTERPRISES, LLC | First Lien2025-12-310000017313cswc:ISIENTERPRISESLLCMember2025-12-310000017313ZENFOLIO INC. | Revolving Loan2025-12-310000017313ZENFOLIO INC. | First Lien2025-12-310000017313cswc:ZENFOLIOINCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:SoftwareAndITServicesSectorMember2025-12-310000017313ATS OPERATING, LLC | Revolving Loan2025-12-310000017313ATS OPERATING, LLC | First Lien - Term Loan A2025-12-310000017313ATS OPERATING, LLC | First Lien - Term Loan B2025-12-310000017313cswc:ATSOPERATINGLLCMember2025-12-310000017313CATBIRD NYC, LLC | Revolving Loan2025-12-310000017313CATBIRD NYC, LLC | First Lien2025-12-310000017313cswc:CATBIRDNYCLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:SpecialtyRetailSectorMember2025-12-310000017313EMERALD TECHNOLOGIES (U.S.) ACQUISITIONCO, INC. | First Lien - Term B Loan2025-12-310000017313TRAFERA, LLC | First Lien2025-12-310000017313us-gaap:DebtSecuritiesMemberus-gaap:TechnologySectorMember2025-12-310000017313LOGIX HOLDING COMPANY, LLC | First Lien 12025-12-310000017313LOGIX HOLDING COMPANY, LLC | First Lien 22025-12-310000017313cswc:LOGIXHOLDINGCOMPANYLLCMember2025-12-310000017313MERCURY ACQUISITION 2021, LLC | First Lien2025-12-310000017313MERCURY ACQUISITION 2021, LLC | Second Lien2025-12-310000017313MERCURY ACQUISITION 2021, LLC | Second Lien - Term B Loan2025-12-310000017313cswc:MERCURYACQUISITION2021LLCMember2025-12-310000017313U.S. TELEPACIFIC CORP. | First Lien2025-12-310000017313U.S. TELEPACIFIC CORP. | Third Lien2025-12-310000017313cswc:U.S.TELEPACIFICCORPMember2025-12-310000017313UNWIRED BROADBAND, LLC | First Lien2025-12-310000017313UNWIRED BROADBAND, LLC | Delayed Draw Term Loan A2025-12-310000017313UNWIRED BROADBAND, LLC | Delayed Draw Term Loan B2025-12-310000017313cswc:UNWIREDBROADBANDLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMembercswc:TelecommunicationsSectorMember2025-12-310000017313EVEREST TRANSPORTATION SYSTEMS, LLC | First Lien2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | First Lien2025-12-310000017313ITA HOLDINGS GROUP, LLC | Revolving Loan2025-12-310000017313ITA HOLDINGS GROUP, LLC | First Lien - Term Loan A2025-12-310000017313ITA HOLDINGS GROUP, LLC | First Lien - Term Loan B2025-12-310000017313ITA HOLDINGS GROUP, LLC | First Lien - Term Loan C2025-12-310000017313cswc:ITAHoldingsGroupLLCMember2025-12-310000017313us-gaap:DebtSecuritiesMemberus-gaap:TransportationSectorMember2025-12-310000017313us-gaap:DebtSecuritiesMember2025-12-310000017313BRANDNER DESIGN, LLC | Class A Units2025-12-310000017313BRANDNER DESIGN, LLC | Warrants (Expiration - December 18, 2030)2025-12-310000017313cswc:BRANDNERDESIGNLLCEquitySecuritiesMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:BuildingInfrastructureProductsSectorMember2025-12-310000017313DYNAMIC COMMUNITIES, LLC | Class A Preferred Units2025-12-310000017313DYNAMIC COMMUNITIES, LLC | Class B Preferred Units2025-12-310000017313DYNAMIC COMMUNITIES, LLC | Class C Preferred Units2025-12-310000017313DYNAMIC COMMUNITIES, LLC | Common Units2025-12-310000017313cswc:DYNAMICCOMMUNITIESLLCEquitySecuritiesMember2025-12-310000017313IVUEIT, LLC | Preferred Units2025-12-310000017313SPOTLIGHT AR, LLC | Common Units2025-12-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-3 Units2025-12-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-4 Units2025-12-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-5 Units2025-12-310000017313cswc:USCOURTSCRIPTHOLDINGSINCMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:BusinessServicesSectorMember2025-12-310000017313LEHR UPFITTERS, LLC | Class A Preferred Units2025-12-310000017313VP MOVE PURCHASER, INC. | Class A Preferred Units2025-12-310000017313WHITE PLAINS LINEN LLC | LP Interest2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:CommercialServicesAndSuppliesMember2025-12-310000017313ALLIANCE SPORTS GROUP, L.P | membership preferred interest2025-12-310000017313GRAVITIQ LLC | Warrants (Expiration - January 17, 2032)2025-12-310000017313HEAT TRAK, LLC | Warrants (Expiration- March 28, 2035)2025-12-310000017313SHEARWATER RESEARCH, INC. | Class A Preferred Units2025-12-310000017313SHEARWATER RESEARCH, INC. | Class A Common Units2025-12-310000017313cswc:ShearwaterResearchInc.Member2025-12-310000017313TRU FRAGRANCE & BEAUTY LLC | Preferred Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:ConsumerProductsSectorMember2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class A Units2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class B Units2025-12-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class A-1 Units2025-12-310000017313cswc:APPLEROOFINGADMINISTRATIVESERVICESLLCFkaROOFOPCOLLCEquityInvestmentsMember2025-12-310000017313CAMPANY ROOF MAINTENANCE, LLC | Class A Units2025-12-310000017313KINDRED PET SERVICE, LLC (FKA RED DOG OPERATIONS HOLDING COMPANY LLC) | Class A Units2025-12-310000017313LIFT BRANDS, INC. | Shares of Class A Common Stock2025-12-310000017313POOL SERVICE PARTNERS, INC. | Common Units2025-12-310000017313TMT BHC BUYER, INC. | Class A Units2025-12-310000017313WASH & WAX SYSTEMS LLC | Class A Common Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:ConsumerServicesSectorMember2025-12-310000017313RESEARCH NOW GROUP, LLC | Warrants (Expiration - July 15, 2029)2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:DataProcessingOutsourcedServicesSectorMember2025-12-310000017313KMS, LLC | Series A Preferred Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:DistributionSectorMember2025-12-310000017313STUDENT RESOURCE CENTER LLC | Senior Preferred Units2025-12-310000017313STUDENT RESOURCE CENTER LLC | Preferred Units 12025-12-310000017313STUDENT RESOURCE CENTER LLC | Preferred Units 22025-12-310000017313cswc:STUDENTRESOURCECENTERLLCMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:EducationSectorMember2025-12-310000017313ARBORWORKS, LLC | Class A Units2025-12-310000017313ARBORWORKS, LLC | Class A-1 Preferred Units2025-12-310000017313ARBORWORKS, LLC | Class B-1 Preferred Units2025-12-310000017313ARBORWORKS, LLC | Class A-1 Common Units2025-12-310000017313cswc:ARBORWORKSLLCEquityInvestmentsMember2025-12-310000017313ISLAND PUMP AND TANK, LLC | Preferred Units2025-12-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE) | Series A Preferred units2025-12-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE) | Common units2025-12-310000017313cswc:LIGHTINGRETROFITINTERNATIONALLLCDBAENVOCOREMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:EnvironmentalServicesSectorMember2025-12-310000017313NATIONAL CREDIT CARE, LLC | Class A-3 Preferred Units2025-12-310000017313NATIONAL CREDIT CARE, LLC | Warrants (Expiration - February 25, 2035)2025-12-310000017313cswc:NATIONALCREDITCARELLCEquityInvestmentsMember2025-12-310000017313PAYWARD, INC. | Rollover Units2025-12-310000017313us-gaap:EquitySecuritiesMemberus-gaap:FinancialServicesSectorMember2025-12-310000017313AMERICAN NUTS OPERATIONS LLC | Class A Preferred Units2025-12-310000017313AMERICAN NUTS OPERATIONS LLC | Class C Common Units2025-12-310000017313cswc:AMERICANNUTSOPERATIONSLLCEquityInvestmentsMember2025-12-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | Class A Units2025-12-310000017313MAMMOTH BORROWCO, INC. | Class A Preferred Units2025-12-310000017313MUENSTER MILLING COMPANY, LLC | Class A-2 Units2025-12-310000017313MUENSTER MILLING COMPANY, LLC | Class A-1 Units2025-12-310000017313MUENSTER MILLING COMPANY, LLC | Class A Units2025-12-310000017313MUENSTER MILLING COMPANY, LLC | Class E Unit2025-12-310000017313cswc:MUENSTERMILLINGCOMPANYLLCEquityInvestmentsMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:FoodAgricultureAndBeverageSectorMember2025-12-310000017313CENTRAL MEDICAL SUPPLY LLC | Preferred Units2025-12-310000017313COMMAND GROUP ACQUISITION, LLC | Preferred Units2025-12-310000017313LKC TECHNOLOGIES, INC. | Class A Units2025-12-310000017313SCRIP INC. | Shares of Common Stock2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareEquipmentSuppliesSectorMember2025-12-310000017313DWS BUYER LLC | Series A Units2025-12-310000017313LIGHTNING INTERMEDIATE II, LLC | LLC interest2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareProductsSectorMember2025-12-310000017313AAC NEW HOLDCO INC. | Preferred Units2025-12-310000017313AAC NEW HOLDCO INC. | Common Units2025-12-310000017313AAC NEW HOLDCO INC. | Warrants (Expiration - November 24, 2032)2025-12-310000017313cswc:AACNEWHOLDCOINCEquityInvestmentsMember2025-12-310000017313ASC ORTHO MANAGEMENT COMPANY, LLC | Common Units2025-12-310000017313CAVALIER BUYER, INC. | Preferred Units2025-12-310000017313CAVALIER BUYER, INC. | Class A-1 Units2025-12-310000017313cswc:CAVALIERBUYERINCEquityInvestmentsMember2025-12-310000017313CDC DENTAL MANAGEMENT CO., LLC | Class Y Units2025-12-310000017313DELPHI LENDER HOLDCO LLC | Common Units2025-12-310000017313HH-INSPIRE ACQUISITION, INC | Preferred Units2025-12-310000017313INSTITUTES OF HEALTH, LLC | Class A Units2025-12-310000017313OPCO BORROWER, LLC | Common Shares2025-12-310000017313PYRAMIDS ACQUISITION, LLC | Preferred Units2025-12-310000017313ROSELAND MANAGEMENT, LLC | Class A-2 Units2025-12-310000017313ROSELAND MANAGEMENT, LLC | Class A-1 Units2025-12-310000017313ROSELAND MANAGEMENT, LLC | Class A Units2025-12-310000017313cswc:ROSELANDMANAGEMENTLLCEquityInvestmentsMember2025-12-310000017313SPECTRUM OF HOPE, LLC | Common Units2025-12-310000017313TALKNY MANAGEMENT HOLDINGS, LLC | Class A-1 Preferred Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareServicesSectorMember2025-12-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | Class A Units2025-12-310000017313SUREKAP, LLC | Common Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:IndustrialMachinerySectorMember2025-12-310000017313GPT INDUSTRIES, LLC | Class A Units2025-12-310000017313SERVERLIFT, LLC | Class A Units2025-12-310000017313THE PRODUCTO GROUP, LLC | Class A Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:IndustrialProductsSectorMember2025-12-310000017313PRECISION SPRAY & COATINGS, LLC | Class A-2 Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:IndustrialServicesSectorMember2025-12-310000017313ACCELERATION, LLC | Preferred Units2025-12-310000017313ACCELERATION, LLC | Common Units2025-12-310000017313cswc:ACCELERATIONLLCEquityInvestmentsMember2025-12-310000017313ACCELERATION PARTNERS, LLC | Preferred Units2025-12-310000017313ACCELERATION PARTNERS, LLC | Class A Common Units2025-12-310000017313cswc:ACCELERATIONPARTNERSLLCEquityInvestmentsMember2025-12-310000017313BOND BRAND LOYALTY ULC | Preferred Units2025-12-310000017313BOND BRAND LOYALTY ULC | Class A Common Units2025-12-310000017313cswc:BONDBRANDLOYALTYULCEquityInvestmentsMember2025-12-310000017313EXACT BORROWER, LLC | Common Units2025-12-310000017313IGNITE VISIBILITY LLC | Preferred Units2025-12-310000017313IGNITE VISIBILITY LLC | Class A Common Units2025-12-310000017313cswc:IGNITEVISIBILITYLLCEquityInterestMember2025-12-310000017313INFOLINKS MEDIA BUYCO, LLC | LP interest2025-12-310000017313LOCAL WEB LEADS, LLC | Common Units2025-12-310000017313OUTERBOX, LLC | Class A Common Units2025-12-310000017313SONOBI, INC. | Class A Common Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:MediaAndMarketingSectorMember2025-12-310000017313CRAFTY APES, LLC | Class A Common Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:MoviesEntertainmentSectorMember2025-12-310000017313LGM PHARMA, LLC | Units of Class A Common Stock2025-12-310000017313MONROE BIOMEDICAL RESEARCH, LLC | Class A Common Units2025-12-310000017313STATINMED, LLC | Class A Preferred Units2025-12-310000017313STATINMED, LLC | Class B Preferred Units2025-12-310000017313cswc:STATINMEDLLCMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-12-310000017313ARMKO, LLC | Class A Common Units2025-12-310000017313ENSTOA, INC. | Class A Units2025-12-310000017313FS VECTOR LLC | Common Units2025-12-310000017313THE GOBEL GROUP, LLC | Class A-1 Preferred Units2025-12-310000017313THE GOBEL GROUP, LLC | Class A Common Units2025-12-310000017313cswc:THEGOBELGROUPLLCEquitySecuritiesMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:ResearchConsultingServicesSectorMember2025-12-310000017313RODIZIO OPCO LLC | Common Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:RestaurantsSectorMember2025-12-310000017313ACACIA BUYERCO V LLC | Class A-1 Units2025-12-310000017313ACACIA BUYERCO V LLC | Class B-2 Units2025-12-310000017313cswc:ACACIABUYERCOVLLCEquitySecuritiesMember2025-12-310000017313GRAMMATECH, INC. | Class A Units2025-12-310000017313GRAMMATECH, INC. | Class A-1 Units2025-12-310000017313cswc:GRAMMATECHINCEquityInvestmentsMember2025-12-310000017313ISI ENTERPRISES, LLC | Series A Preferred Units2025-12-310000017313ISI ENTERPRISES, LLC | Series A-1 Preferred Units2025-12-310000017313ISI ENTERPRISES, LLC | Series A-2 Preferred Units2025-12-310000017313cswc:ISIEnterprisesLLCEquityInvestmentsMember2025-12-310000017313VTX HOLDINGS, INC. | Series A Preferred Units2025-12-310000017313VTX HOLDINGS, INC. | Series E Preferred Units2025-12-310000017313cswc:VTXHOLDINGSINC.EquityInvestmentsMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:SoftwareAndITServicesSectorMember2025-12-310000017313ATS OPERATING, LLC | Preferred Units2025-12-310000017313CATBIRD NYC, LLC | Class A Units2025-12-310000017313CATBIRD NYC, LLC | Class B Units2025-12-310000017313cswc:CATBIRDNYCLLCEquityInvestmentsMember2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:SpecialtyRetailSectorMember2025-12-310000017313FLIP ELECTRONICS, LLC | Common Units2025-12-310000017313TRAFERA, LLC (FKA TRINITY 3, LLC) | Class A Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:TechnologyProductsComponentsMember2025-12-310000017313BROAD SKY NETWORKS LLC | Series A Preferred Units2025-12-310000017313BROAD SKY NETWORKS LLC | Series C Preferred Units2025-12-310000017313BROAD SKY NETWORKS LLC | Series D Preferred Units2025-12-310000017313BROAD SKY NETWORKS LLC | Series F Preferred Units2025-12-310000017313cswc:BROADSKYNETWORKSLLCMember2025-12-310000017313MERCURY ACQUISITION 2021, LLC | Series A Units2025-12-310000017313us-gaap:EquitySecuritiesMembercswc:TelecommunicationsSectorMember2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Class A Units2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - February 10, 2033)2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - November 30, 2033)2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - January 24, 2034)2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - December 18, 2034)2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - April 2, 2035)2025-12-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - July 30, 2035)2025-12-310000017313cswc:GUARDIANFLEETSERVICESINCMember2025-12-310000017313ITA HOLDINGS GROUP, LLC | Warrants (Expiration - March 29, 2029)2025-12-310000017313ITA HOLDINGS GROUP, LLC | Warrants (Expiration - June 21, 2033)2025-12-310000017313ITA HOLDINGS GROUP, LLC | Class A Membership Interest2025-12-310000017313cswc:ITAHOLDINGSGROUPLLCEquityInvestmentsMember2025-12-310000017313us-gaap:EquitySecuritiesMemberus-gaap:TransportationSectorMember2025-12-310000017313us-gaap:EquitySecuritiesMember2025-12-310000017313NINJATRADER, INC., Earnout2025-12-310000017313cswc:OtherFinancialInstrumentsMemberus-gaap:FinancialServicesSectorMember2025-12-310000017313cswc:OtherFinancialInstrumentsMember2025-12-310000017313srt:MinimumMember2025-12-310000017313srt:MaximumMember2025-12-310000017313EDGE AUTONOMY HOLDINGS, LLC | Revolving Loan2025-03-310000017313EDGE AUTONOMY HOLDINGS, LLC | First Lien - Term Loan A2025-03-310000017313EDGE AUTONOMY HOLDINGS, LLC | First Lien - Term Loan B2025-03-310000017313EDGE AUTONOMY HOLDINGS, LLC | First Lien2025-03-310000017313cswc:EDGEAUTONOMYHOLDINGSLLCMember2025-03-310000017313STELLANT MIDCO, LLC | First Lien 12025-03-310000017313STELLANT MIDCO, LLC | First Lien 22025-03-310000017313cswc:STELLANTMIDCOLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:AerospaceAndDefenseSectorMember2025-03-310000017313BRANDNER DESIGN, LLC | Revolving Loan2025-03-310000017313BRANDNER DESIGN, LLC | First Lien2025-03-310000017313cswc:BRANDNERDESIGNLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:BuildingInfrastructureProductsSectorMember2025-03-310000017313DYNAMIC COMMUNITIES, LLC | First Lien - Term Loan A2025-03-310000017313DYNAMIC COMMUNITIES, LLC | First Lien - Term Loan B2025-03-310000017313cswc:DYNAMICCOMMUNITIESLLCMember2025-03-310000017313GAINS INTERMEDIATE, LLC | Revolving Loan2025-03-310000017313GAINS INTERMEDIATE, LLC | First Lien - Term Loan A2025-03-310000017313GAINS INTERMEDIATE, LLC | First Lien - Term Loan B2025-03-310000017313cswc:GAINSINTERMEDIATELLCMember2025-03-310000017313IVUEIT, LLC | Revolving Loan2025-03-310000017313IVUEIT, LLC | First Lien2025-03-310000017313IVUEIT, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:IVUEITLLCMember2025-03-310000017313SPOTLIGHT AR, LLC | Revolving Loan2025-03-310000017313SPOTLIGHT AR, LLC | First Lien2025-03-310000017313cswc:SpotlightARLLCMember2025-03-310000017313US COURTSCRIPT HOLDINGS, INC. | First Lien2025-03-310000017313WINTER SERVICES OPERATIONS, LLC | Revolving Loan2025-03-310000017313WINTER SERVICES OPERATIONS, LLC | First Lien - Term Loan A2025-03-310000017313WINTER SERVICES OPERATIONS, LLC | First Lien - Term Loan B2025-03-310000017313WINTER SERVICES OPERATIONS, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:WinterServicesOperationsLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:BusinessServicesSectorMember2025-03-310000017313LEHR UPFITTERS, LLC | Revolving Loan2025-03-310000017313LEHR UPFITTERS, LLC | First Lien2025-03-310000017313LEHR UPFITTERS, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:LEHRUPFITTERSLLCMember2025-03-310000017313VP MOVE PURCHASER, INC. | Revolving Loan2025-03-310000017313VP MOVE PURCHASER, INC. | First Lien - Term Loan A2025-03-310000017313VP MOVE PURCHASER, INC. | First Lien - Term Loan B2025-03-310000017313cswc:VPMOVEPURCHASERINCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:CommercialServicesAndSuppliesMember2025-03-310000017313ALLIANCE SPORTS GROUP | Unsecured Convertible Note2025-03-310000017313GRAVITIQ LLC | Revolving Loan2025-03-310000017313GRAVITIQ LLC | First Lien - Term Loan A2025-03-310000017313GRAVITIQ LLC | First Lien - Term Loan B2025-03-310000017313cswc:GRAVITIQLLCMember2025-03-310000017313HEAT TRAK, LLC | First Lien - Term Loan A2025-03-310000017313HEAT TRAK, LLC | First Lien - Term Loan E2025-03-310000017313cswc:HEATTRAKLLCMember2025-03-310000017313HYBRID PROMOTIONS, LLC | Second Lien2025-03-310000017313LASH OPCO, LLC | Revolving Loan2025-03-310000017313LASH OPCO, LLC | First Lien2025-03-310000017313cswc:LashOpCoLLCMember2025-03-310000017313REVO BRANDS, INC. | Revolving Loan2025-03-310000017313REVO BRANDS, INC. | First Lien - Term Loan A2025-03-310000017313REVO BRANDS, INC. | First Lien - Term Loan B2025-03-310000017313REVO BRANDS, INC. | First Lien - Term Loan C2025-03-310000017313cswc:RevoBrandsINCMember2025-03-310000017313TRU FRAGRANCE & BEAUTY LLC | Revolving Loan2025-03-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien - Term Loan A2025-03-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien - Term Loan B2025-03-310000017313TRU FRAGRANCE & BEAUTY LLC | First Lien2025-03-310000017313cswc:TruFragranceBeautyLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:ConsumerProductsSectorMember2025-03-310000017313AIR CONDITIONING SPECIALIST INC. | Revolving Loan2025-03-310000017313AIR CONDITIONING SPECIALIST INC. | First Lien2025-03-310000017313AIR CONDITIONING SPECIALIST INC. | Delayed Draw Term Loan2025-03-310000017313cswc:AirConditioningSpecialistIncMember2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | Revolving Loan2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | First Lien - Term Loan A2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES, LLC | First Lien - Term Loan B2025-03-310000017313cswc:APPLEROOFINGADMINISTRATIVESERVICESLLCMember2025-03-310000017313CAMPANY ROOF MAINTENANCE, LLC | Revolving Loan2025-03-310000017313CAMPANY ROOF MAINTENANCE, LLC | First Lien2025-03-310000017313cswc:CAMPANYROOFMAINTENANCELLCMember2025-03-310000017313LIFT BRANDS, INC. | Tranche A Term Loan2025-03-310000017313LIFT BRANDS, INC. | Tranche B Term Loan2025-03-310000017313LIFT BRANDS, INC. | Tranche C Loan2025-03-310000017313cswc:LIFTBRANDSINCMember2025-03-310000017313POOL SERVICE PARTNERS, INC. | Revolving Loan2025-03-310000017313POOL SERVICE PARTNERS, INC. | First Lien2025-03-310000017313POOL SERVICE PARTNERS, INC. | Delayed Draw Term Loan2025-03-310000017313cswc:POOLSERVICEPARTNERSINCMember2025-03-310000017313RED DOG OPERATIONS HOLDING COMPANY LLC | Revolving Loan2025-03-310000017313RED DOG OPERATIONS HOLDING COMPANY LLC | First Lien2025-03-310000017313cswc:REDDOGOPERATIONSHOLDINGCOMPANYLLCMember2025-03-310000017313TMT BHC BUYER, INC. | Revolving Loan2025-03-310000017313TMT BHC BUYER, INC. | First Lien2025-03-310000017313TMT BHC BUYER, INC. | Delayed Draw Term Loan2025-03-310000017313cswc:TMTBHCBUYERINC.Member2025-03-310000017313ZIPS CAR WASH, LLC | Delayed Draw Term Loan - A2025-03-310000017313ZIPS CAR WASH, LLC | Delayed Draw Term Loan - B2025-03-310000017313ZIPS CAR WASH, LLC | DIP Term Loan2025-03-310000017313ZIPS CAR WASH, LLC | Roll Up Term Loan2025-03-310000017313cswc:ZIPSCARWASHLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:ConsumerServicesSectorMember2025-03-310000017313BURNING GLASS INTERMEDIATE HOLDING COMPANY, INC. | Revolving Loan2025-03-310000017313BURNING GLASS INTERMEDIATE HOLDING COMPANY, INC. | First Lien2025-03-310000017313cswc:BURNINGGLASSINTERMEDIATEHOLDINGCOMPANYINC.Member2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:DataProcessingOutsourcedServicesSectorMember2025-03-310000017313KMS, LLC | First Lien2025-03-310000017313KMS, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:KMSLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:DistributionSectorMember2025-03-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | Revolving Loan2025-03-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | First Lien - Term Loan A2025-03-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | First Lien - Term Loan B2025-03-310000017313MUSIKER DISCOVERY PROGRAMS, INC. | Delayed Draw Term Loan2025-03-310000017313cswc:MUSIKERDISCOVERYPROGRAMSINC.Member2025-03-310000017313STUDENT RESOURCE CENTER LLC | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:EducationSectorMember2025-03-310000017313ACE GATHERING, INC. | First Lien2025-03-310000017313PIPELINE TECHNIQUE LTD. | Revolving Loan2025-03-310000017313PIPELINE TECHNIQUE LTD. | First Lien2025-03-310000017313cswc:PIPELINETECHNIQUELTDMember2025-03-310000017313VEREGY CONSOLIDATED, INC. | First Lien2025-03-310000017313WELL-FOAM, INC. | Revolving Loan2025-03-310000017313WELL-FOAM, INC. | First Lien2025-03-310000017313cswc:WELLFOAMINCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:EnergyServicesMidstreamSectorMember2025-03-310000017313ARBORWORKS, LLC | Revolving Loan2025-03-310000017313ARBORWORKS, LLC | First Lien2025-03-310000017313cswc:ARBORWORKSLLCMember2025-03-310000017313ISLAND PUMP AND TANK, LLC | Revolving Loan2025-03-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan A2025-03-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan B2025-03-310000017313ISLAND PUMP AND TANK, LLC | First Lien - Term Loan C2025-03-310000017313cswc:ISLANDPUMPANDTANKLLCMember2025-03-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | Revolving Loan2025-03-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | First Lien2025-03-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC | Second Lien2025-03-310000017313cswc:LIGHTINGRETROFITINTERNATIONALLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:EnvironmentalServicesSectorMember2025-03-310000017313INSURE HOMES CORPORATION | Tranche B Term Loan2025-03-310000017313JACKSON HEWITT TAX SERVICE INC. | First Lien2025-03-310000017313NATIONAL CREDIT CARE, LLC | First Lien - Term Loan A2025-03-310000017313NATIONAL CREDIT CARE, LLC | First Lien - Term Loan B2025-03-310000017313cswc:NATIONALCREDITCARELLCMember2025-03-310000017313NINJATRADER, LLC | Revolving Loan2025-03-310000017313NINJATRADER, LLC | First Lien2025-03-310000017313cswc:NINJATRADERLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMemberus-gaap:FinancialServicesSectorMember2025-03-310000017313AMERICAN NUTS OPERATIONS LLC | First Lien - Term Loan A2025-03-310000017313AMERICAN NUTS OPERATIONS LLC | First Lien - Term Loan B2025-03-310000017313cswc:AMERICANNUTSOPERATIONSLLCMember2025-03-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan A2025-03-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan B2025-03-310000017313FOODPHARMA SUBSIDIARY HOLDINGS, LLC | First Lien - Term Loan C2025-03-310000017313cswc:FOODPHARMASUBSIDIARYHOLDINGSLLCMember2025-03-310000017313GULF PACIFIC ACQUISITION, LLC | Revolving Loan2025-03-310000017313GULF PACIFIC ACQUISITION, LLC | First Lien2025-03-310000017313cswc:GULFPACIFICACQUISITIONLLCMember2025-03-310000017313INW MANUFACTURING, LLC | First Lien2025-03-310000017313MAMMOTH BORROWCO, INC. | Revolving Loan2025-03-310000017313MAMMOTH BORROWCO, INC. | First Lien - Term Loan A2025-03-310000017313MAMMOTH BORROWCO, INC. | First Lien - Term Loan B2025-03-310000017313MAMMOTH BORROWCO, INC. | Delayed Draw Term Loan2025-03-310000017313cswc:MAMMOTHBORROWCOINCMember2025-03-310000017313MUENSTER MILLING COMPANY | Revolving Loan2025-03-310000017313MUENSTER MILLING COMPANY | First Lien2025-03-310000017313cswc:MUENSTERMILLINGCOMPANYLLCMember2025-03-310000017313NEW SKINNY MIXES, LLC | Revolving Loan2025-03-310000017313NEW SKINNY MIXES, LLC | First Lien2025-03-310000017313cswc:NEWSKINNYMIXESLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:FoodAgricultureAndBeverageSectorMember2025-03-310000017313CENTRAL MEDICAL SUPPLY LLC | Revolving Loan2025-03-310000017313CENTRAL MEDICAL SUPPLY LLC | First Lien2025-03-310000017313CENTRAL MEDICAL SUPPLY LLC | Delayed Draw Term Loan2025-03-310000017313cswc:CENTRALMEDICALSUPPLYLLCMember2025-03-310000017313COMMAND GROUP ACQUISITION, LLC | First Lien2025-03-310000017313LKC TECHNOLOGIES, INC. | Revolving Loan2025-03-310000017313LKC TECHNOLOGIES, INC. | First Lien2025-03-310000017313cswc:LKCTECHNOLOGIESINCMember2025-03-310000017313SCRIP, INC. | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareEquipmentSuppliesSectorMember2025-03-310000017313LIGHTNING INTERMEDIATE II, LLC | Revolving Loan2025-03-310000017313LIGHTNING INTERMEDIATE II, LLC | First Lien2025-03-310000017313cswc:LIGHTNINGINTERMEDIATEIILLCMember2025-03-310000017313MICROBE FORMULAS LLC | Revolving Loan2025-03-310000017313MICROBE FORMULAS LLC | First Lien 12025-03-310000017313MICROBE FORMULAS LLC | First Lien 22025-03-310000017313cswc:MICROBEFORMULASLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareProductsSectorMember2025-03-310000017313AAC NEW HOLDCO INC. | First Lien2025-03-310000017313AAC NEW HOLDCO INC. | First Lien - Term Loan A2025-03-310000017313AAC NEW HOLDCO INC. | First Lien - Term Loan B2025-03-310000017313cswc:AACNEWHOLDCOINC.Member2025-03-310000017313CAVALIER BUYER, INC. | Revolving Loan2025-03-310000017313CAVALIER BUYER, INC. | First Lien2025-03-310000017313cswc:CAVALIERBUYERINCMember2025-03-310000017313CDC DENTAL MANAGEMENT CO., LLC | Revolving Loan2025-03-310000017313CDC DENTAL MANAGEMENT CO., LLC | First Lien - Term Loan A2025-03-310000017313CDC DENTAL MANAGEMENT CO., LLC | First Lien - Term Loan B2025-03-310000017313cswc:CDCDENTALMANAGEMENTCOLLCMember2025-03-310000017313CITYVET INC. | First Lien2025-03-310000017313CUMBRIA CAPITAL MSO, LLC | Revolving Loan2025-03-310000017313CUMBRIA CAPITAL MSO, LLC | First Lien2025-03-310000017313CUMBRIA CAPITAL MSO, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:CUMBRIACAPITALMSOLLCMember2025-03-310000017313HH-INSPIRE ACQUISITION, INC. | Revolving Loan2025-03-310000017313HH-INSPIRE ACQUISITION, INC. | First Lien2025-03-310000017313cswc:HHINSPIREACQUISITIONINCMember2025-03-310000017313INSTITUTES OF HEALTH, LLC | Revolving Loan2025-03-310000017313INSTITUTES OF HEALTH, LLC | First Lien - Term Loan A2025-03-310000017313INSTITUTES OF HEALTH, LLC | First Lien - Term Loan B2025-03-310000017313cswc:INSTITUTESOFHEALTHLLCMember2025-03-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | Revolving Loan2025-03-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | First Lien - Term Loan A2025-03-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | First Lien - Term Loan B2025-03-310000017313MID-FLORIDA ENDODONTICS MANAGEMENT COMPANY, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:MIDFLORIDAENDODONTICSMANAGEMENTCOMPANYLLCMember2025-03-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | Revolving Loan2025-03-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan A2025-03-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan B2025-03-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan C2025-03-310000017313NEUROPSYCHIATRIC HOSPITALS, LLC | First Lien - Term Loan D2025-03-310000017313cswc:NEUROPSYCHIATRICHOSPITALSLLCMember2025-03-310000017313ROSELAND MANAGEMENT, LLC | Revolving Loan2025-03-310000017313ROSELAND MANAGEMENT, LLC | First Lien2025-03-310000017313cswc:ROSELANDMANAGEMENTLLCMember2025-03-310000017313SPECTRUM OF HOPE, LLC | First Lien - Superpriority Term Loan2025-03-310000017313SPECTRUM OF HOPE, LLC | First Lien - Tranche A2025-03-310000017313SPECTRUM OF HOPE, LLC | First Lien - Tranche B2025-03-310000017313cswc:SPECTRUMOFHOPELLCMember2025-03-310000017313SUPERIOR HEALTH PARENT LLC | Revolving Loan2025-03-310000017313SUPERIOR HEALTH PARENT LLC | First Lien2025-03-310000017313SUPERIOR HEALTH PARENT LLC | Delayed Draw Term Loan2025-03-310000017313cswc:SUPERIORHEALTHPARENTLLCMember2025-03-310000017313TALKNY MANAGEMENT HOLDINGS, LLC | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:HealthcareServicesSectorMember2025-03-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan A2025-03-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan B2025-03-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan C2025-03-310000017313C&M CONVEYOR, INC. | First Lien - Term Loan D2025-03-310000017313cswc:CMCONVEYORINCMember2025-03-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | Revolving Loan2025-03-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | First Lien2025-03-310000017313cswc:DRIVELINESERVICEOFPORTLANDLLCMember2025-03-310000017313SUREKAP, LLC | First Lien - Term Loan A2025-03-310000017313SUREKAP, LLC | First Lien - Term Loan B2025-03-310000017313SUREKAP, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:SUREKAPLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialMachinerySectorMember2025-03-310000017313DAMOTECH INC. | Revolving Loan2025-03-310000017313DAMOTECH INC. | First Lien - Term Loan A2025-03-310000017313DAMOTECH INC. | First Lien - Term Loan B2025-03-310000017313DAMOTECH INC. | Delayed Draw Term Loan2025-03-310000017313cswc:DAMOTECHINC.Member2025-03-310000017313GPT INDUSTRIES, LLC | Revolving Loan2025-03-310000017313GPT INDUSTRIES, LLC | First Lien2025-03-310000017313cswc:GPTINDUSTRIESLLCMember2025-03-310000017313LLFLEX, LLC | First Lien2025-03-310000017313SERVERLIFT, LLC | Revolving Loan2025-03-310000017313SERVERLIFT, LLC | First Lien - Term Loan A2025-03-310000017313SERVERLIFT, LLC | First Lien - Term Loan B2025-03-310000017313cswc:SERVERLIFTLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialProductsSectorMember2025-03-310000017313BP LOENBRO HOLDINGS INC. | Revolving Loan2025-03-310000017313BP LOENBRO HOLDINGS INC. | First Lien 12025-03-310000017313BP LOENBRO HOLDINGS INC. | First Lien 22025-03-310000017313BP LOENBRO HOLDINGS INC. | Delayed Draw Term Loan2025-03-310000017313cswc:BPLOENBROHOLDINGSINC.Member2025-03-310000017313UPS INTERMEDIATE, LLC | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:IndustrialServicesSectorMember2025-03-310000017313360 QUOTE TOPCO, LLC | Revolving Loan2025-03-310000017313360 QUOTE TOPCO, LLC | First Lien2025-03-310000017313cswc:A360QUOTETOPCOLLCMember2025-03-310000017313ACCELERATION PARTNERS | First Lien2025-03-310000017313BOND BRAND LOYALTY ULC | Revolving Loan2025-03-310000017313BOND BRAND LOYALTY ULC | First Lien - Term Loan A2025-03-310000017313BOND BRAND LOYALTY ULC | First Lien - Term Loan B2025-03-310000017313cswc:BONDBRANDLOYALTYULCMember2025-03-310000017313EXACT BORROWER, LLC | Revolving Loan2025-03-310000017313EXACT BORROWER, LLC | First Lien - Term Loan A2025-03-310000017313EXACT BORROWER, LLC | First Lien - Term Loan B2025-03-310000017313EXACT BORROWER, LLC | First Lien - Term Loan C2025-03-310000017313EXACT BORROWER, LLC | Delayed Draw Term Loan2025-03-310000017313EXACT BORROWER, LLC | Promissory Note2025-03-310000017313cswc:EXACTBORROWERLLCMember2025-03-310000017313FMT SOLUTIONS, LLC | First Lien2025-03-310000017313IGNITE VISIBILITY LLC | Revolving Loan2025-03-310000017313IGNITE VISIBILITY LLC | First Lien - Term Loan A2025-03-310000017313IGNITE VISIBILITY LLC | First Lien - Term Loan B2025-03-310000017313cswc:IGNITEVISIBILITYLLCMember2025-03-310000017313SOCIALSEO, LLC | Revolving Loan2025-03-310000017313SOCIALSEO, LLC | First Lien - Term Loan A2025-03-310000017313SOCIALSEO, LLC | First Lien - Term Loan B2025-03-310000017313cswc:SOCIALSEOLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:MediaAndMarketingSectorMember2025-03-310000017313CRAFTY APES, LLC | First Lien2025-03-310000017313CRAFTY APES, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:CRAFTYAPESLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:MoviesEntertainmentSectorMember2025-03-310000017313LGM PHARMA LLC | Revolving Loan2025-03-310000017313LGM PHARMA LLC | First Lien - Term Loan A2025-03-310000017313LGM PHARMA LLC | First Lien - Term Loan B2025-03-310000017313LGM PHARMA LLC | First Lien2025-03-310000017313LGM PHARMA LLC | Delayed Draw Term Loan2025-03-310000017313cswc:LGMPHARMALLCMember2025-03-310000017313STATINMED, LLC | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-03-310000017313FS VECTOR LLC | Revolving Loan2025-03-310000017313FS VECTOR LLC | First Lien - Term Loan A2025-03-310000017313FS VECTOR LLC | First Lien - Term Loan B2025-03-310000017313cswc:FSVECTORLLCMember2025-03-310000017313THE GOBEL GROUP, LLC | Revolving Loan2025-03-310000017313THE GOBEL GROUP, LLC | First Lien2025-03-310000017313cswc:THEGOBELGROUPLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:ResearchConsultingServicesSectorMember2025-03-310000017313ONE GROUP, LLC | First Lien2025-03-310000017313ONE GROUP, LLC | Delayed Draw Term Loan2025-03-310000017313cswc:ONEGROUPLLCMember2025-03-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | Revolving Loan2025-03-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | First Lien - Term Loan A2025-03-310000017313SWENSONS DRIVE-IN RESTAURANTS, LLC | First Lien - Term Loan B2025-03-310000017313cswc:SWENSONSDRIVEINRESTAURANTSLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:RestaurantsSectorMember2025-03-310000017313ACACIA BUYERCO V LLC | Revolver Loan2025-03-310000017313ACACIA BUYERCO V LLC | First Lien - Term Loan A2025-03-310000017313cswc:ACACIABUYERCOVLLCMember2025-03-310000017313CADMIUM, LLC | Revolving Loan2025-03-310000017313CADMIUM, LLC | First Lien2025-03-310000017313cswc:CADMIUMLLCMember2025-03-310000017313GRAMMATECH, INC. | Revolving Loan2025-03-310000017313GRAMMATECH, INC. | First Lien2025-03-310000017313cswc:GRAMMATECHINCMember2025-03-310000017313INFOGAIN CORPORATION | First Lien2025-03-310000017313ISI ENTERPRISES, LLC | Revolving Loan2025-03-310000017313ISI ENTERPRISES, LLC | First Lien2025-03-310000017313cswc:ISIENTERPRISESLLCMember2025-03-310000017313ZENFOLIO INC. | Revolving Loan2025-03-310000017313ZENFOLIO INC. | First Lien2025-03-310000017313cswc:ZENFOLIOINCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:SoftwareAndITServicesSectorMember2025-03-310000017313ATS OPERATING, LLC | Revolving Loan2025-03-310000017313ATS OPERATING, LLC | First Lien - Term Loan A2025-03-310000017313ATS OPERATING, LLC | First Lien - Term Loan B2025-03-310000017313cswc:ATSOPERATINGLLCMember2025-03-310000017313CATBIRD NYC, LLC | Revolving Loan2025-03-310000017313CATBIRD NYC, LLC | First Lien2025-03-310000017313cswc:CATBIRDNYCLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:SpecialtyRetailSectorMember2025-03-310000017313EMERALD TECHNOLOGIES (U.S.) ACQUISITIONCO, INC. | First Lien2025-03-310000017313TRAFERA, LLC | First Lien2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:TechnologyProductsComponentsMember2025-03-310000017313BROAD SKY NETWORKS LLC | First Lien2025-03-310000017313LOGIX HOLDING COMPANY, LLC | First Lien2025-03-310000017313MERCURY ACQUISITION 2021, LLC | First Lien2025-03-310000017313MERCURY ACQUISITION 2021, LLC | Second Lien2025-03-310000017313cswc:MERCURYACQUISITION2021LLCMember2025-03-310000017313U.S. TELEPACIFIC CORP. | First Lien2025-03-310000017313U.S. TELEPACIFIC CORP. | Third Lien2025-03-310000017313cswc:U.S.TELEPACIFICCORPMember2025-03-310000017313us-gaap:DebtSecuritiesMembercswc:TelecommunicationsSectorMember2025-03-310000017313EVEREST TRANSPORTATION SYSTEMS, LLC | First Lien2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | First Lien2025-03-310000017313ITA HOLDINGS GROUP, LLC | Revolving Loan2025-03-310000017313ITA HOLDINGS GROUP, LLC | First Lien - Term Loan2025-03-310000017313ITA HOLDINGS GROUP, LLC | First Lien - Term B Loan2025-03-310000017313ITA HOLDINGS GROUP, LLC | Delayed Draw Term Loan - A2025-03-310000017313ITA HOLDINGS GROUP, LLC | Delayed Draw Term Loan - B2025-03-310000017313cswc:ITAHoldingsGroupLLCMember2025-03-310000017313LAB LOGISTICS, LLC | Revolving Loan2025-03-310000017313LAB LOGISTICS, LLC | First Lien2025-03-310000017313cswc:LABLOGISTICSLLCMember2025-03-310000017313us-gaap:DebtSecuritiesMemberus-gaap:TransportationSectorMember2025-03-310000017313us-gaap:DebtSecuritiesMember2025-03-310000017313BRANDNER DESIGN, LLC | Class A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:BuildingInfrastructureProductsSectorMember2025-03-310000017313DYNAMIC COMMUNITIES, LLC | Class A Preferred Units2025-03-310000017313DYNAMIC COMMUNITIES, LLC | Class B Preferred Units2025-03-310000017313DYNAMIC COMMUNITIES, LLC | Class C Preferred Units2025-03-310000017313DYNAMIC COMMUNITIES, LLC | Common Units2025-03-310000017313cswc:DYNAMICCOMMUNITIESLLCEquitySecuritiesMember2025-03-310000017313IVUEIT, LLC | Preferred Units2025-03-310000017313SPOTLIGHT AR, LLC | Common Units2025-03-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-3 LP Units2025-03-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-4 LP Units2025-03-310000017313US COURTSCRIPT HOLDINGS, INC. | Class D-5 LP Units2025-03-310000017313cswc:USCOURTSCRIPTHOLDINGSINCMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:BusinessServicesSectorMember2025-03-310000017313LEHR UPFITTERS, LLC | Class A Units2025-03-310000017313VP MOVE PURCHASER, INC. | Class A Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:CommercialServicesAndSuppliesMember2025-03-310000017313ALLIANCE SPORTS GROUP, L.P | membership preferred interest2025-03-310000017313GRAVITIQ LLC | Warrants (Expiration - January 17, 2032)2025-03-310000017313HEAT TRAK, LLC | Warrants (Expiration- March 28, 2035)2025-03-310000017313SHEARWATER RESEARCH, INC. | Class A Preferred Units2025-03-310000017313SHEARWATER RESEARCH, INC. | Class A Common Units2025-03-310000017313cswc:ShearwaterResearchInc.Member2025-03-310000017313TRU FRAGRANCE & BEAUTY LLC | Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:ConsumerProductsSectorMember2025-03-310000017313AIR CONDITIONING SPECIALIST, INC. | Preferred Units2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class A Units2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class B Units2025-03-310000017313APPLE ROOFING ADMINISTRATIVE SERVICES,LLC (FKA ROOF OPCO, LLC) | Class A-1 Units2025-03-310000017313cswc:APPLEROOFINGADMINISTRATIVESERVICESLLCFkaROOFOPCOLLCEquityInvestmentsMember2025-03-310000017313CAMPANY ROOF MAINTENANCE, LLC | Class A Units2025-03-310000017313LIFT BRANDS, INC. | shares of common stock2025-03-310000017313POOL SERVICE PARTNERS, INC. | Common Units2025-03-310000017313RED DOG OPERATIONS HOLDING COMPANY LLC | Class A Units2025-03-310000017313TMT BHC BUYER, INC. | Class A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:ConsumerServicesSectorMember2025-03-310000017313RESEARCH NOW GROUP, LLC | Warrants (Expiration - July 15, 2029)2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:DataProcessingOutsourcedServicesSectorMember2025-03-310000017313BINSWANGER HOLDING CORP. | shares of common stock2025-03-310000017313KMS, LLC | Series A Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:DistributionSectorMember2025-03-310000017313STUDENT RESOURCE CENTER LLC | Senior Preferred Units2025-03-310000017313STUDENT RESOURCE CENTER LLC | Preferred Units 12025-03-310000017313STUDENT RESOURCE CENTER LLC | Preferred Units 22025-03-310000017313cswc:STUDENTRESOURCECENTERLLCMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:EducationSectorMember2025-03-310000017313ARBORWORKS, LLC | Class A Units2025-03-310000017313ARBORWORKS, LLC | Class A-1 Preferred Units2025-03-310000017313ARBORWORKS, LLC | Class B-1 Preferred Units2025-03-310000017313ARBORWORKS, LLC | Class A-1 Common Units2025-03-310000017313cswc:ARBORWORKSLLCEquityInvestmentsMember2025-03-310000017313ISLAND PUMP AND TANK, LLC | Preferred Units2025-03-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE) | Series A Preferred units2025-03-310000017313LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE) | Common units2025-03-310000017313cswc:LIGHTINGRETROFITINTERNATIONALLLCDBAENVOCOREMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:EnvironmentalServicesSectorMember2025-03-310000017313NATIONAL CREDIT CARE, LLC | Class A-3 Preferred Units2025-03-310000017313NATIONAL CREDIT CARE, LLC | Warrants (Expiration - February 25, 2035)2025-03-310000017313cswc:NATIONALCREDITCARELLCEquityInvestmentsMember2025-03-310000017313NINJATRADER, INC. | Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMemberus-gaap:FinancialServicesSectorMember2025-03-310000017313AMERICAN NUTS OPERATIONS LLC | Class A Preferred Units2025-03-310000017313AMERICAN NUTS OPERATIONS LLC | Class C Common Units2025-03-310000017313cswc:AMERICANNUTSOPERATIONSLLCEquityInvestmentsMember2025-03-310000017313FOOD PHARMA SUBSIDIARY HOLDINGS, LLC | Class A Units2025-03-310000017313MAMMOTH BORROWCO, INC. | Class A Preferred Units2025-03-310000017313MUENSTER MILLING COMPANY, LLC | Class A Units2025-03-310000017313MUENSTER MILLING COMPANY, LLC | Class A-1 Units2025-03-310000017313MUENSTER MILLING COMPANY, LLC | Class A-2 Units2025-03-310000017313cswc:MUENSTERMILLINGCOMPANYLLCEquityInvestmentsMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:FoodAgricultureAndBeverageSectorMember2025-03-310000017313CENTRAL MEDICAL SUPPLY LLC | Preferred Units2025-03-310000017313COMMAND GROUP ACQUISITION, LLC | Preferred Units2025-03-310000017313LKC TECHNOLOGIES, INC. | Class A Units2025-03-310000017313SCRIP INC. | shares of common stock2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareEquipmentSuppliesSectorMember2025-03-310000017313LIGHTNING INTERMEDIATE II, LLC | LLC interest2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareProductsSectorMember2025-03-310000017313AAC NEW HOLDCO INC. | shares of preferred stock2025-03-310000017313AAC NEW HOLDCO INC. | shares of common stock2025-03-310000017313AAC NEW HOLDCO INC. | Warrants (Expiration - December 11, 2025)2025-03-310000017313cswc:AACNEWHOLDCOINCEquityInvestmentsMember2025-03-310000017313ASC ORTHO MANAGEMENT COMPANY, LLC | Common Units2025-03-310000017313CAVALIER BUYER, INC. | Preferred Units2025-03-310000017313CAVALIER BUYER, INC. | Class A-1 Units2025-03-310000017313cswc:CAVALIERBUYERINCEquityInvestmentsMember2025-03-310000017313CDC DENTAL MANAGEMENT CO., LLC | Class Y Units2025-03-310000017313DELPHI LENDER HOLDCO LLC | Common Units2025-03-310000017313HH-INSPIRE ACQUISITION, INC | Preferred Units2025-03-310000017313INSTITUTES OF HEALTH, LLC | Class A Preferred Units2025-03-310000017313OPCO BORROWER, LLC | shares of common stock2025-03-310000017313ROSELAND MANAGEMENT, LLC | Class A-2 Units2025-03-310000017313ROSELAND MANAGEMENT, LLC | Class A-1 Units2025-03-310000017313ROSELAND MANAGEMENT, LLC | Class A Units2025-03-310000017313cswc:ROSELANDMANAGEMENTLLCEquityInvestmentsMember2025-03-310000017313SPECTRUM OF HOPE, LLC | Common Units2025-03-310000017313TALKNY MANAGEMENT HOLDINGS, LLC | Class A-1 Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:HealthcareServicesSectorMember2025-03-310000017313DRIVE LINE SERVICE OF PORTLAND, LLC | Class A Units2025-03-310000017313SUREKAP, LLC | Common Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:IndustrialMachinerySectorMember2025-03-310000017313DAMOTECH INC. | Preferred Units2025-03-310000017313DAMOTECH INC. | Class A Common Units2025-03-310000017313cswc:DAMOTECHINCEquityInvestmentsMember2025-03-310000017313GPT INDUSTRIES, LLC | Class A Preferred Units2025-03-310000017313SERVERLIFT, LLC | Class A Units2025-03-310000017313THE PRODUCTO GROUP, LLC | Class A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:IndustrialProductsSectorMember2025-03-310000017313ACCELERATION, LLC | Preferred Units2025-03-310000017313ACCELERATION, LLC | Common Units2025-03-310000017313cswc:ACCELERATIONLLCEquityInvestmentsMember2025-03-310000017313ACCELERATION PARTNERS, LLC | Preferred Units2025-03-310000017313ACCELERATION PARTNERS, LLC | Class A Common Units2025-03-310000017313cswc:ACCELERATIONPARTNERSLLCEquityInvestmentsMember2025-03-310000017313BOND BRAND LOYALTY ULC | Preferred Units2025-03-310000017313BOND BRAND LOYALTY ULC | Class A Common Units2025-03-310000017313cswc:BONDBRANDLOYALTYULCEquityInvestmentsMember2025-03-310000017313EXACT BORROWER, LLC | Common Units2025-03-310000017313IGNITE VISIBILITY LLC | Preferred Units2025-03-310000017313IGNITE VISIBILITY LLC | Class A Common Units2025-03-310000017313cswc:IGNITEVISIBILITYLLCEquityInterestMember2025-03-310000017313INFOLINKS MEDIA BUYCO, LLC | LP interest2025-03-310000017313OUTERBOX, LLC | Class A Common Units2025-03-310000017313SONOBI, INC. | Class A Common Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:MediaAndMarketingSectorMember2025-03-310000017313CRAFTY APES, LLC | Class A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:MoviesEntertainmentSectorMember2025-03-310000017313LGM PHARMA, LLC | Units of Class A Common Stock2025-03-310000017313STATINMED, LLC | Class A Preferred Units2025-03-310000017313STATINMED, LLC | Class B Preferred Units2025-03-310000017313cswc:STATINMEDLLCMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-03-310000017313FS VECTOR LLC | Common Units2025-03-310000017313THE GOBEL GROUP, LLC | Class A-1 Preferred Units2025-03-310000017313THE GOBEL GROUP, LLC | Class A Common Units2025-03-310000017313cswc:THEGOBELGROUPLLCEquitySecuritiesMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:ResearchConsultingServicesSectorMember2025-03-310000017313ACACIA BUYERCO V LLC | Class B-2 Units2025-03-310000017313GRAMMATECH, INC. | Class A Units2025-03-310000017313GRAMMATECH, INC. | Class A-1 Units2025-03-310000017313cswc:GRAMMATECHINCEquityInvestmentsMember2025-03-310000017313ISI ENTERPRISES, LLC | Series A Preferred Units2025-03-310000017313ISI ENTERPRISES, LLC | Series A-1 Preferred Units2025-03-310000017313cswc:ISIEnterprisesLLCEquityInvestmentsMember2025-03-310000017313VTX HOLDINGS, INC. | Series A Preferred Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:SoftwareAndITServicesSectorMember2025-03-310000017313ATS OPERATING, LLC | Preferred Units2025-03-310000017313CATBIRD NYC, LLC | Class A Units2025-03-310000017313CATBIRD NYC, LLC | Class B Units2025-03-310000017313cswc:CATBIRDNYCLLCEquityInvestmentsMember2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:SpecialtyRetailSectorMember2025-03-310000017313FLIP ELECTRONICS, LLC | Common Units2025-03-310000017313TRAFERA, LLC (FKA TRINITY 3, LLC) | Class A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:TechnologyProductsComponentsMember2025-03-310000017313BROAD SKY NETWORKS LLC | Series A Preferred Units2025-03-310000017313BROAD SKY NETWORKS LLC | Series C Preferred Units2025-03-310000017313BROAD SKY NETWORKS LLC | Series D Preferred Units2025-03-310000017313cswc:BROADSKYNETWORKSLLCMember2025-03-310000017313MERCURY ACQUISITION 2021, LLC | Series A Units2025-03-310000017313us-gaap:EquitySecuritiesMembercswc:TelecommunicationsSectorMember2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | Class A Units2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - February 10, 2033)2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - November 30, 2033)2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - January 24, 2034)2025-03-310000017313GUARDIAN FLEET SERVICES, INC. | Warrants (Expiration - December 18, 2034)2025-03-310000017313cswc:GUARDIANFLEETSERVICESINCMember2025-03-310000017313ITA HOLDINGS GROUP, LLC | Warrants (Expiration - March 29, 2029)2025-03-310000017313ITA HOLDINGS GROUP, LLC | Warrants (Expiration - June 21, 2033)2025-03-310000017313ITA HOLDINGS GROUP, LLC | Class A Membership Interest2025-03-310000017313cswc:ITAHOLDINGSGROUPLLCEquityInvestmentsMember2025-03-310000017313us-gaap:EquitySecuritiesMemberus-gaap:TransportationSectorMember2025-03-310000017313us-gaap:EquitySecuritiesMember2025-03-310000017313srt:MinimumMember2025-03-310000017313srt:MaximumMember2025-03-310000017313srt:MinimumMember2025-04-012025-12-310000017313srt:MaximumMember2025-04-012025-12-310000017313cswc:InvestmentOwnedNonAccrualStatusMemberus-gaap:CreditConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:InvestmentOwnedNonAccrualStatusMemberus-gaap:CreditConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:InvestmentOwnedNonAccrualStatusMemberus-gaap:CreditConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:InvestmentOwnedNonAccrualStatusMemberus-gaap:CreditConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:A2010PlanMemberus-gaap:RestrictedStockMember2021-07-182021-07-180000017313cswc:DebtSecuritiesFirstLienMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:DebtSecuritiesFirstLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:DebtSecuritiesSecondLienMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:DebtSecuritiesSecondLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:SubordinatedDebtMember2025-12-310000017313us-gaap:SubordinatedDebtMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:SubordinatedDebtMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:PreferredStockMember2025-12-310000017313us-gaap:PreferredStockMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:PreferredStockMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:CommonEquityWarrantsMember2025-12-310000017313cswc:CommonEquityWarrantsMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:CommonEquityWarrantsMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:EarnoutMember2025-12-310000017313cswc:EarnoutMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:EarnoutMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:DebtSecuritiesFirstLienMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:DebtSecuritiesFirstLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:DebtSecuritiesSecondLienMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:DebtSecuritiesSecondLienMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:SubordinatedDebtMember2025-03-310000017313us-gaap:SubordinatedDebtMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:SubordinatedDebtMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:PreferredStockMember2025-03-310000017313us-gaap:PreferredStockMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:PreferredStockMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:CommonEquityWarrantsMember2025-03-310000017313cswc:CommonEquityWarrantsMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:CommonEquityWarrantsMembercswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:InvestmentTypeConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:FirstLienLoansLastOutMember2025-12-310000017313cswc:FirstLienLoansLastOutMember2025-03-310000017313cswc:FirstLienLoansSplitLienTermLoansMember2025-12-310000017313cswc:FirstLienLoansSplitLienTermLoansMember2025-03-310000017313cswc:SecondLienLoansSplitLienTermLoansMember2025-12-310000017313cswc:SecondLienLoansSplitLienTermLoansMember2025-03-310000017313cswc:UnsecuredConvertibleNotesMember2025-03-310000017313cswc:UnsecuredConvertibleNotesMember2025-12-310000017313cswc:HealthcareServicesSectorMember2025-12-310000017313cswc:HealthcareServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:HealthcareServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:ConsumerProductsSectorMember2025-12-310000017313cswc:ConsumerProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:ConsumerProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:MediaAndMarketingSectorMember2025-12-310000017313cswc:MediaAndMarketingSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:MediaAndMarketingSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:ConsumerServicesSectorMember2025-12-310000017313cswc:ConsumerServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:ConsumerServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:TransportationSectorMember2025-12-310000017313us-gaap:TransportationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:TransportationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:FoodAgricultureAndBeverageSectorMember2025-12-310000017313cswc:FoodAgricultureAndBeverageSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:FoodAgricultureAndBeverageSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:BusinessServicesSectorMember2025-12-310000017313cswc:BusinessServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:BusinessServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:FinancialServicesSectorMember2025-12-310000017313us-gaap:FinancialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:FinancialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:HealthcareEquipmentSuppliesSectorMember2025-12-310000017313cswc:HealthcareEquipmentSuppliesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:HealthcareEquipmentSuppliesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:IndustrialMachinerySectorMember2025-12-310000017313cswc:IndustrialMachinerySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:IndustrialMachinerySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:ResearchConsultingServicesSectorMember2025-12-310000017313cswc:ResearchConsultingServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:ResearchConsultingServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:EnvironmentalServicesSectorMember2025-12-310000017313cswc:EnvironmentalServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:EnvironmentalServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:CommercialServicesSuppliesMember2025-12-310000017313cswc:CommercialServicesSuppliesMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:CommercialServicesSuppliesMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:IndustrialProductsSectorMember2025-12-310000017313cswc:IndustrialProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:IndustrialProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:SoftwareAndITServicesSectorMember2025-12-310000017313cswc:SoftwareAndITServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:SoftwareAndITServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-12-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:IndustrialServicesSectorMember2025-12-310000017313cswc:IndustrialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:IndustrialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:SpecialtyRetailSectorMember2025-12-310000017313cswc:SpecialtyRetailSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:SpecialtyRetailSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:TelecommunicationsSectorMember2025-12-310000017313cswc:TelecommunicationsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:TelecommunicationsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:HealthcareProductsSectorMember2025-12-310000017313cswc:HealthcareProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:HealthcareProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:RestaurantsSectorMember2025-12-310000017313cswc:RestaurantsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:RestaurantsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:EducationSectorMember2025-12-310000017313cswc:EducationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:EducationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:EnergyServicesMidstreamSectorMember2025-12-310000017313cswc:EnergyServicesMidstreamSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:EnergyServicesMidstreamSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:MoviesEntertainmentSectorMember2025-12-310000017313cswc:MoviesEntertainmentSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:MoviesEntertainmentSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:DistributionSectorMember2025-12-310000017313cswc:DistributionSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:DistributionSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:TechnologySectorMember2025-12-310000017313us-gaap:TechnologySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:TechnologySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:BuildingInfrastructureProductsSectorMember2025-12-310000017313cswc:BuildingInfrastructureProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:BuildingInfrastructureProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313cswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313cswc:HealthcareServicesSectorMember2025-03-310000017313cswc:HealthcareServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:HealthcareServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:ConsumerProductsSectorMember2025-03-310000017313cswc:ConsumerProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:ConsumerProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:MediaAndMarketingSectorMember2025-03-310000017313cswc:MediaAndMarketingSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:MediaAndMarketingSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:FoodAgricultureAndBeverageSectorMember2025-03-310000017313cswc:FoodAgricultureAndBeverageSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:FoodAgricultureAndBeverageSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:FinancialServicesSectorMember2025-03-310000017313us-gaap:FinancialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:FinancialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:ConsumerServicesSectorMember2025-03-310000017313cswc:ConsumerServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:ConsumerServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:BusinessServicesSectorMember2025-03-310000017313cswc:BusinessServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:BusinessServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:TransportationSectorMember2025-03-310000017313us-gaap:TransportationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:TransportationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:IndustrialMachinerySectorMember2025-03-310000017313cswc:IndustrialMachinerySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:IndustrialMachinerySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:IndustrialProductsSectorMember2025-03-310000017313cswc:IndustrialProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:IndustrialProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:HealthcareEquipmentSuppliesSectorMember2025-03-310000017313cswc:HealthcareEquipmentSuppliesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:HealthcareEquipmentSuppliesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:CommercialServicesSuppliesMember2025-03-310000017313cswc:CommercialServicesSuppliesMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:CommercialServicesSuppliesMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:AerospaceAndDefenseSectorMember2025-03-310000017313cswc:AerospaceAndDefenseSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:AerospaceAndDefenseSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:SoftwareAndITServicesSectorMember2025-03-310000017313cswc:SoftwareAndITServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:SoftwareAndITServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:EnvironmentalServicesSectorMember2025-03-310000017313cswc:EnvironmentalServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:EnvironmentalServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:SpecialtyRetailSectorMember2025-03-310000017313cswc:SpecialtyRetailSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:SpecialtyRetailSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:ResearchConsultingServicesSectorMember2025-03-310000017313cswc:ResearchConsultingServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:ResearchConsultingServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:HealthcareProductsSectorMember2025-03-310000017313cswc:HealthcareProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:HealthcareProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:EducationSectorMember2025-03-310000017313cswc:EducationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:EducationSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:RestaurantsSectorMember2025-03-310000017313cswc:RestaurantsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:RestaurantsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:EnergyServicesMidstreamSectorMember2025-03-310000017313cswc:EnergyServicesMidstreamSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:EnergyServicesMidstreamSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMember2025-03-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:PharmaceuticalsBiotechnologyLifeSciencesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:IndustrialServicesSectorMember2025-03-310000017313cswc:IndustrialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:IndustrialServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:TelecommunicationsSectorMember2025-03-310000017313cswc:TelecommunicationsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:TelecommunicationsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:DistributionSectorMember2025-03-310000017313cswc:DistributionSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:DistributionSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:TechnologySectorMember2025-03-310000017313us-gaap:TechnologySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:TechnologySectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:MoviesEntertainmentSectorMember2025-03-310000017313cswc:MoviesEntertainmentSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:MoviesEntertainmentSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:BuildingInfrastructureProductsSectorMember2025-03-310000017313cswc:BuildingInfrastructureProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:BuildingInfrastructureProductsSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:DataProcessingOutsourcedServicesSectorMember2025-03-310000017313cswc:DataProcessingOutsourcedServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:DataProcessingOutsourcedServicesSectorMembercswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313cswc:IndustryConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:NortheastRegionMember2025-12-310000017313us-gaap:NortheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:NortheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:SouthwestRegionMember2025-12-310000017313us-gaap:SouthwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:SouthwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:SoutheastRegionMember2025-12-310000017313us-gaap:SoutheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:SoutheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:WestRegionMember2025-12-310000017313us-gaap:WestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:WestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:MidwestRegionMember2025-12-310000017313us-gaap:MidwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:MidwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:NonUsMember2025-12-310000017313us-gaap:NonUsMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:NonUsMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2025-04-012025-12-310000017313us-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2025-04-012025-12-310000017313us-gaap:NortheastRegionMember2025-03-310000017313us-gaap:NortheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:NortheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:WestRegionMember2025-03-310000017313us-gaap:WestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:WestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:SouthwestRegionMember2025-03-310000017313us-gaap:SouthwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:SouthwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:SoutheastRegionMember2025-03-310000017313us-gaap:SoutheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:SoutheastRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:MidwestRegionMember2025-03-310000017313us-gaap:MidwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:MidwestRegionMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:NonUsMember2025-03-310000017313us-gaap:NonUsMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:NonUsMemberus-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313us-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedFairValueMember2024-04-012025-03-310000017313us-gaap:GeographicConcentrationRiskMembercswc:InvestmentOwnedCostMember2024-04-012025-03-310000017313cswc:PrivatelyHeldDebtAndEquityInstrumentsMember2025-12-310000017313cswc:PrivatelyHeldDebtAndEquityInstrumentsMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313cswc:DebtSecuritiesSecondLienMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313us-gaap:SubordinatedDebtMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313us-gaap:PreferredStockMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313cswc:CommonEquityWarrantsMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313cswc:EarnoutMember2025-12-310000017313cswc:EarnoutMemberus-gaap:FairValueInputsLevel1Member2025-12-310000017313cswc:EarnoutMemberus-gaap:FairValueInputsLevel2Member2025-12-310000017313cswc:EarnoutMemberus-gaap:FairValueInputsLevel3Member2025-12-310000017313us-gaap:FairValueInputsLevel1Member2025-12-310000017313us-gaap:FairValueInputsLevel2Member2025-12-310000017313us-gaap:FairValueInputsLevel3Member2025-12-310000017313cswc:DebtSecuritiesFirstLienMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel1Member2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel2Member2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Member2025-03-310000017313cswc:DebtSecuritiesSecondLienMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel1Member2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel2Member2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Member2025-03-310000017313us-gaap:SubordinatedDebtMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel1Member2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel2Member2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Member2025-03-310000017313us-gaap:PreferredStockMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel1Member2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel2Member2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Member2025-03-310000017313cswc:CommonEquityWarrantsMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel1Member2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel2Member2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Member2025-03-310000017313us-gaap:FairValueInputsLevel1Member2025-03-310000017313us-gaap:FairValueInputsLevel2Member2025-03-310000017313us-gaap:FairValueInputsLevel3Member2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputQuotedPriceMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputDiscountRateMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputQuotedPriceMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-12-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-12-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-12-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:EarnoutMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMember2025-12-310000017313cswc:EarnoutMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-12-310000017313cswc:EarnoutMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-12-310000017313cswc:EarnoutMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputDiscountRateMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputQuotedPriceMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputDiscountRateMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputDiscountRateMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMemberus-gaap:MeasurementInputQuotedPriceMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputQuotedPriceMemberus-gaap:FairValueInputsLevel3Memberus-gaap:IncomeApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-03-310000017313us-gaap:SubordinatedDebtMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313us-gaap:SubordinatedDebtMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313us-gaap:SubordinatedDebtMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313us-gaap:SubordinatedDebtMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313us-gaap:PreferredStockMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-03-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313us-gaap:PreferredStockMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputEbitdaMultipleMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MinimumMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:MaximumMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:MeasurementInputDiscountRateMemberus-gaap:FairValueInputsLevel3Membercswc:ValuationEnterpriseValueWaterfallApproachMembersrt:WeightedAverageMember2025-03-310000017313cswc:CommonEquityWarrantsMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMember2025-03-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MinimumMember2025-03-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:MaximumMember2025-03-310000017313cswc:CommonEquityWarrantsMembercswc:MeasurementInputCostMemberus-gaap:FairValueInputsLevel3Memberus-gaap:MarketApproachValuationTechniqueMembersrt:WeightedAverageMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMember2025-03-310000017313cswc:DebtSecuritiesFirstLienMember2025-04-012025-12-310000017313cswc:DebtSecuritiesFirstLienMember2025-12-310000017313cswc:DebtSecuritiesSecondLienMember2025-03-310000017313cswc:DebtSecuritiesSecondLienMember2025-04-012025-12-310000017313cswc:DebtSecuritiesSecondLienMember2025-12-310000017313us-gaap:SubordinatedDebtMember2025-03-310000017313us-gaap:SubordinatedDebtMember2025-04-012025-12-310000017313us-gaap:SubordinatedDebtMember2025-12-310000017313us-gaap:PreferredStockMember2025-03-310000017313us-gaap:PreferredStockMember2025-04-012025-12-310000017313us-gaap:PreferredStockMember2025-12-310000017313cswc:CommonEquityWarrantsMember2025-03-310000017313cswc:CommonEquityWarrantsMember2025-04-012025-12-310000017313cswc:CommonEquityWarrantsMember2025-12-310000017313cswc:EarnoutMember2025-03-310000017313cswc:EarnoutMember2025-04-012025-12-310000017313cswc:EarnoutMember2025-12-310000017313us-gaap:InvestmentsMember2025-03-310000017313us-gaap:InvestmentsMember2025-04-012025-12-310000017313us-gaap:InvestmentsMember2025-12-310000017313cswc:DebtSecuritiesFirstLienMember2024-03-310000017313cswc:DebtSecuritiesFirstLienMember2024-04-012024-12-310000017313cswc:DebtSecuritiesFirstLienMember2024-12-310000017313cswc:DebtSecuritiesSecondLienMember2024-03-310000017313cswc:DebtSecuritiesSecondLienMember2024-04-012024-12-310000017313cswc:DebtSecuritiesSecondLienMember2024-12-310000017313us-gaap:SubordinatedDebtMember2024-03-310000017313us-gaap:SubordinatedDebtMember2024-04-012024-12-310000017313us-gaap:SubordinatedDebtMember2024-12-310000017313us-gaap:PreferredStockMember2024-03-310000017313us-gaap:PreferredStockMember2024-04-012024-12-310000017313us-gaap:PreferredStockMember2024-12-310000017313cswc:CommonEquityWarrantsMember2024-03-310000017313cswc:CommonEquityWarrantsMember2024-04-012024-12-310000017313cswc:CommonEquityWarrantsMember2024-12-310000017313us-gaap:InvestmentsMember2024-03-310000017313us-gaap:InvestmentsMember2024-04-012024-12-310000017313us-gaap:InvestmentsMember2024-12-3100000173132019-04-250000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2025-12-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2025-12-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2025-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2025-03-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2025-03-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2025-03-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2025-03-310000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2025-03-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2025-03-310000017313us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-10-012025-12-310000017313us-gaap:RevolvingCreditFacilityMemberus-gaap:LineOfCreditMember2025-04-012025-12-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2023-08-022023-08-020000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2023-08-010000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2023-08-020000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMembersrt:MinimumMemberus-gaap:LineOfCreditMember2024-03-012024-03-010000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMembersrt:MaximumMemberus-gaap:LineOfCreditMember2024-03-012024-03-010000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-010000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2025-10-012025-12-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2024-10-012024-12-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2025-04-012025-12-310000017313us-gaap:RevolvingCreditFacilityMembercswc:CorporateCreditFacilityMemberus-gaap:LineOfCreditMember2024-04-012024-12-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-200000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-06-190000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-06-200000017313us-gaap:SecuredDebtMembercswc:BeforeMarch202027Membercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-202024-03-200000017313us-gaap:SecuredDebtMembercswc:AfterMarch202027Membercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-202024-03-200000017313us-gaap:SecuredDebtMembercswc:BeforeApril202024Membercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-202024-03-200000017313us-gaap:SecuredDebtMembercswc:AfterApril202024Membercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-03-202024-03-200000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2025-10-012025-12-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-10-012024-12-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2025-04-012025-12-310000017313us-gaap:SecuredDebtMembercswc:SpecialPurposeVehicleFinancingCreditFacilityMemberus-gaap:LineOfCreditMember2024-04-012024-12-310000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2020-12-310000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2021-02-280000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2024-12-090000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2024-12-092024-12-090000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2024-10-012024-12-310000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2025-10-012025-12-310000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2025-04-012025-12-310000017313cswc:January2026NotesMemberus-gaap:MediumTermNotesMember2024-04-012024-12-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2021-08-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2021-11-300000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2025-10-130000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2025-10-132025-10-130000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2025-10-012025-12-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2024-10-012024-12-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2025-04-012025-12-310000017313cswc:October2026NotesMemberus-gaap:MediumTermNotesMember2024-04-012024-12-310000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2023-06-300000017313cswc:August2028NotesOverallotmentMemberus-gaap:MediumTermNotesMember2023-06-300000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2025-10-130000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2025-10-132025-10-130000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2025-10-012025-12-310000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2024-10-012024-12-310000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2025-04-012025-12-310000017313cswc:August2028NotesMemberus-gaap:MediumTermNotesMember2024-04-012024-12-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2024-11-040000017313cswc:October2026NotesMemberus-gaap:ConvertibleDebtMember2024-11-040000017313cswc:A2029ConvertibleNotesOverallotementMemberus-gaap:ConvertibleDebtMember2024-11-040000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2025-04-012025-12-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2024-11-042024-11-040000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2025-10-012025-12-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2024-10-012024-12-310000017313cswc:A2029ConvertibleNotesMemberus-gaap:ConvertibleDebtMember2024-04-012024-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2025-09-300000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2025-10-012025-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2024-10-012024-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2025-04-012025-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2024-04-012024-12-310000017313cswc:September2030NotesMemberus-gaap:MediumTermNotesMember2021-08-012021-08-310000017313cswc:SmallBusinessAdministrationDebenturesMembercswc:SBICIMemberus-gaap:UnsecuredDebtMember2021-04-202021-04-200000017313cswc:SmallBusinessAdministrationDebenturesMembercswc:SBICIMemberus-gaap:UnsecuredDebtMember2021-04-200000017313cswc:SmallBusinessAdministrationDebenturesMembercswc:SBICIMemberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMembercswc:SBICIIMemberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2025-10-012025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2024-10-012024-12-310000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2025-04-012025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMemberus-gaap:UnsecuredDebtMember2024-04-012024-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueSeptember2031Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueMarch2032Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueSeptember2032Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueMarch2033Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueSeptember2033Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueMarch2034Memberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueSeptember2034PoolMemberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesDueMarch2035PoolMemberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMarch2026PoolMemberus-gaap:UnsecuredDebtMember2025-12-310000017313cswc:SmallBusinessAdministrationDebenturesMarch2026PoolMemberus-gaap:UnsecuredDebtMember2025-04-012025-12-310000017313cswc:A2029ConvertibleNotesMembersrt:MaximumMemberus-gaap:ConvertibleDebtMember2025-04-012025-12-310000017313cswc:O2025Q1TaxYearDividendsMember2025-01-012025-03-310000017313cswc:O2025Q2TaxYearDividendsMember2025-04-012025-06-300000017313cswc:O2025M7TaxYearDividendsMember2025-07-012025-09-300000017313cswc:O2025M8TaxYearDividendsMember2025-07-012025-09-300000017313cswc:O2025M9TaxYearDividendsMember2025-07-012025-09-300000017313cswc:O2025M10TaxYearDividendsMember2025-10-012025-12-310000017313cswc:O2025M11TaxYearDividendsMember2025-10-012025-12-310000017313cswc:O2025Q12TaxYearDividendsMember2025-10-012025-12-3100000173132025-01-012025-12-310000017313cswc:O2024Q1TaxYearDividendsMember2024-01-012024-03-310000017313cswc:O2024Q2TaxYearDividendsMember2024-04-012024-06-300000017313cswc:O2024Q3TaxYearDividendsMember2024-07-012024-09-300000017313cswc:O2024Q4TaxYearDividendsMember2024-10-012024-12-3100000173132024-01-012024-12-310000017313cswc:O2023Q1TaxYearDividendsMember2023-01-012023-03-310000017313cswc:O2023Q2TaxYearDividendsMember2023-04-012023-06-300000017313cswc:O2023Q3TaxYearDividendsMember2023-07-012023-09-300000017313cswc:O2023Q4TaxYearDividendsMember2023-10-012023-12-3100000173132023-01-012023-12-310000017313cswc:S2025Q1TaxYearDividendsMember2025-01-012025-03-310000017313cswc:S2025Q2TaxYearDividendsMember2025-04-012025-06-300000017313cswc:S2025M9TaxYearDividendsMember2025-07-012025-09-300000017313cswc:S2025M12TaxYearDividendsMember2025-10-012025-12-310000017313cswc:S2024Q1TaxYearDividendsMember2024-01-012024-03-310000017313cswc:S2024Q2TaxYearDividendsMember2024-04-012024-06-300000017313cswc:S2024Q3TaxYearDividendsMember2024-07-012024-09-300000017313cswc:S2023Q3TaxYearDividendsMember2023-07-012023-09-300000017313cswc:S2023Q4TaxYearDividendsMember2023-10-012023-12-310000017313cswc:S2024Q4TaxYearDividendsMember2024-10-012024-12-310000017313cswc:S2023Q1TaxYearDividendsMember2023-01-012023-03-310000017313cswc:S2023Q2TaxYearDividendsMember2023-04-012023-06-300000017313cswc:O2026M3TaxYearDividendsMember2025-10-012025-12-310000017313cswc:O2026M2TaxYearDividendsMember2025-10-012025-12-310000017313cswc:O2026M1TaxYearDividendsMember2025-10-012025-12-310000017313cswc:S2026M3TaxYearDividendsMember2025-10-012025-12-310000017313us-gaap:AdditionalPaidInCapitalMember2025-04-012025-12-310000017313us-gaap:AdditionalPaidInCapitalMember2024-04-012024-12-310000017313us-gaap:RetainedEarningsMember2025-04-012025-12-310000017313us-gaap:RetainedEarningsMember2024-04-012024-12-310000017313us-gaap:ConsolidatedEntityExcludingVieMember2025-12-310000017313srt:SubsidiariesMember2025-12-310000017313cswc:EquityATMProgramMember2019-03-040000017313cswc:EquityATMProgramMember2020-02-040000017313cswc:EquityATMProgramMember2020-02-042020-02-040000017313cswc:EquityATMProgramMember2021-05-260000017313cswc:EquityATMProgramMember2022-08-020000017313cswc:EquityATMProgramMember2022-08-010000017313cswc:EquityATMProgramMember2024-05-210000017313cswc:EquityATMProgramMember2024-05-200000017313cswc:EquityATMProgramMember2025-10-012025-12-310000017313cswc:EquityATMProgramMember2024-10-012024-12-310000017313cswc:EquityATMProgramMember2025-04-012025-12-310000017313cswc:EquityATMProgramMember2024-04-012024-12-310000017313cswc:EquityATMProgramMember2025-12-310000017313cswc:EquityATMProgramMember2024-12-310000017313cswc:EquityATMProgramMember2019-03-042025-12-310000017313cswc:SharesRepurchasedRestrictedStockAwardsVestedMember2025-10-012025-12-310000017313cswc:SharesRepurchasedRestrictedStockAwardsVestedMember2024-10-012024-12-310000017313cswc:SharesRepurchasedRestrictedStockAwardsVestedMember2025-04-012025-12-310000017313cswc:SharesRepurchasedRestrictedStockAwardsVestedMember2024-04-012024-12-3100000173132021-07-2800000173132021-08-310000017313cswc:A2010PlanMemberus-gaap:RestrictedStockMember2025-04-012025-12-310000017313cswc:A2021EmployeePlanMemberus-gaap:RestrictedStockMember2021-07-180000017313cswc:A2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-07-242025-07-240000017313cswc:A2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-07-230000017313cswc:A2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-07-240000017313cswc:A2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2025-04-012025-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2025-12-310000017313us-gaap:RestrictedStockMember2025-10-012025-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2025-10-012025-12-310000017313us-gaap:RestrictedStockMember2024-10-012024-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2024-10-012024-12-310000017313us-gaap:RestrictedStockMember2025-04-012025-12-310000017313us-gaap:RestrictedStockMember2024-04-012024-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2024-04-012024-12-310000017313us-gaap:RestrictedStockMember2025-12-310000017313cswc:A2010PlanAnd2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-03-310000017313cswc:A2010PlanAnd2021EmployeePlanMemberus-gaap:RestrictedStockMember2024-04-012025-03-310000017313cswc:A2010PlanAnd2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-04-012025-12-310000017313cswc:A2010PlanAnd2021EmployeePlanMemberus-gaap:RestrictedStockMember2025-12-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2025-03-310000017313cswc:NonEmployeeDirectorPlanMemberus-gaap:RestrictedStockMember2024-04-012025-03-3100000173132015-10-012025-12-310000017313us-gaap:SubsequentEventMember2026-01-012026-01-010000017313360 Quote TopCo, LLC | Revolving Loans2025-12-310000017313360 Quote TopCo, LLC | Revolving Loans2025-03-310000017313Air Conditioning Specialist, Inc. | Revolving Loans2025-12-310000017313Air Conditioning Specialist, Inc. | Revolving Loans2025-03-310000017313American Pet Resort, LLC | Revolving Loans2025-12-310000017313American Pet Resort, LLC | Revolving Loans2025-03-310000017313Apple Roofing Administrative Services, LLC (fka Roof OpCo, LLC) | Revolving Loans2025-12-310000017313Apple Roofing Administrative Services, LLC (fka Roof OpCo, LLC) | Revolving Loans2025-03-310000017313ArborWorks, LLC | Revolving Loans2025-12-310000017313ArborWorks, LLC | Revolving Loans2025-03-310000017313Armko, LLC | Revolving Loans2025-12-310000017313Armko, LLC | Revolving Loans2025-03-310000017313ATS Operating, LLC | Revolving Loans2025-12-310000017313ATS Operating, LLC | Revolving Loans2025-03-310000017313Better Than Home, Inc. | Revolving Loans2025-12-310000017313Better Than Home, Inc. | Revolving Loans2025-03-310000017313Bond Brand Loyalty ULC | Revolving Loans2025-12-310000017313Bond Brand Loyalty ULC | Revolving Loans2025-03-310000017313BP Loenbro Holdings Inc. | Revolving Loans2025-12-310000017313BP Loenbro Holdings Inc. | Revolving Loans2025-03-310000017313Brandner Design, LLC | Revolving Loans2025-12-310000017313Brandner Design, LLC | Revolving Loans2025-03-310000017313Burning Glass Intermediate Holding Company, Inc. | Revolving Loans2025-12-310000017313Burning Glass Intermediate Holding Company, Inc. | Revolving Loans2025-03-310000017313Campany Roof Maintenance, LLC | Revolving Loans2025-12-310000017313Campany Roof Maintenance, LLC | Revolving Loans2025-03-310000017313Catbird NYC, LLC | Revolving Loans2025-12-310000017313Catbird NYC, LLC | Revolving Loans2025-03-310000017313Cavalier Buyer, Inc. | Revolving Loans2025-12-310000017313Cavalier Buyer, Inc. | Revolving Loans2025-03-310000017313CDC Dental Management Co., LLC | Revolving Loans2025-12-310000017313CDC Dental Management Co., LLC | Revolving Loans2025-03-310000017313Central Medical Supply LLC | Revolving Loans2025-12-310000017313Central Medical Supply LLC | Revolving Loans2025-03-310000017313Clutch, Inc. | Revolving Loans2025-12-310000017313Clutch, Inc. | Revolving Loans2025-03-310000017313Cumbria Capital MSO, LLC | Revolving Loans2025-12-310000017313Cumbria Capital MSO, LLC | Revolving Loans2025-03-310000017313Damotech Inc. | Revolving Loans2025-12-310000017313Damotech Inc. | Revolving Loans2025-03-310000017313Drive Line Service of Portland, LLC | Revolving Loans2025-12-310000017313Drive Line Service of Portland, LLC | Revolving Loans2025-03-310000017313DWS Buyer LLC | Revolving Loans2025-12-310000017313DWS Buyer LLC | Revolving Loans2025-03-310000017313Edge Autonomy Holdings, LLC | Revolving Loans2025-12-310000017313Edge Autonomy Holdings, LLC | Revolving Loans2025-03-310000017313Exact Borrower, LLC | Revolving Loans2025-12-310000017313Exact Borrower, LLC | Revolving Loans2025-03-310000017313FS Vector LLC | Revolving Loans2025-12-310000017313FS Vector LLC | Revolving Loans2025-03-310000017313GPT Industries, LLC | Revolving Loans2025-12-310000017313GPT Industries, LLC | Revolving Loans2025-03-310000017313GrammaTech, Inc. | Revolving Loans2025-12-310000017313GrammaTech, Inc. | Revolving Loans2025-03-310000017313Gravitiq LLC | Revolving Loans2025-12-310000017313Gravitiq LLC | Revolving Loans2025-03-310000017313Gulf Pacific Acquisition, LLC | Revolving Loans2025-12-310000017313Gulf Pacific Acquisition, LLC | Revolving Loans2025-03-310000017313Ignite Visibility LLC | Revolving Loans2025-12-310000017313Ignite Visibility LLC | Revolving Loans2025-03-310000017313InDinero Group, Inc. | Revolving Loans2025-12-310000017313InDinero Group, Inc. | Revolving Loans2025-03-310000017313Institutes of Health, LLC | Revolving Loans2025-12-310000017313Institutes of Health, LLC | Revolving Loans2025-03-310000017313ISI Enterprises, LLC | Revolving Loans2025-12-310000017313ISI Enterprises, LLC | Revolving Loans2025-03-310000017313Island Pump and Tank, LLC | Revolving Loans2025-12-310000017313Island Pump and Tank, LLC | Revolving Loans2025-03-310000017313iVueit, LLC | Revolving Loans2025-12-310000017313iVueit, LLC | Revolving Loans2025-03-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Revolving Loans2025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Revolving Loans2025-03-310000017313KMS, LLC | Revolving Loans2025-12-310000017313KMS, LLC | Revolving Loans2025-03-310000017313Lash OpCo, LLC | Revolving Loans2025-12-310000017313Lash OpCo, LLC | Revolving Loans2025-03-310000017313LDG Acquisition Company, LLC | Revolving Loans2025-12-310000017313LDG Acquisition Company, LLC | Revolving Loans2025-03-310000017313LEHR Upfitters, LLC | Revolving Loans2025-12-310000017313LEHR Upfitters, LLC | Revolving Loans2025-03-310000017313LGM Pharma LLC | Revolving Loans2025-12-310000017313LGM Pharma LLC | Revolving Loans2025-03-310000017313Lighting Retrofit International, LLC | Revolving Loans2025-12-310000017313Lighting Retrofit International, LLC | Revolving Loans2025-03-310000017313Lightning Intermediate II, LLC | Revolving Loans2025-12-310000017313Lightning Intermediate II, LLC | Revolving Loans2025-03-310000017313LKC Technologies, Inc. | Revolving Loans2025-12-310000017313LKC Technologies, Inc. | Revolving Loans2025-03-310000017313Local Web Leads, LLC | Revolving Loans2025-12-310000017313Local Web Leads, LLC | Revolving Loans2025-03-310000017313Main Line Brands LLC | Revolving Loans2025-12-310000017313Main Line Brands LLC | Revolving Loans2025-03-310000017313Mammoth BorrowCo, Inc. | Revolving Loans2025-12-310000017313Mammoth BorrowCo, Inc. | Revolving Loans2025-03-310000017313Microbe Formulas LLC | Revolving Loans2025-12-310000017313Microbe Formulas LLC | Revolving Loans2025-03-310000017313Mid-Florida Endodontics Management Company, LLC | Revolving Loans2025-12-310000017313Mid-Florida Endodontics Management Company, LLC | Revolving Loans2025-03-310000017313Mission Critical Group, LLC | Revolving Loans2025-12-310000017313Mission Critical Group, LLC | Revolving Loans2025-03-310000017313Monroe Biomedical Research, LLC | Revolving Loans2025-12-310000017313Monroe Biomedical Research, LLC | Revolving Loans2025-03-310000017313Musiker Discovery Programs, Inc. | Revolving Loans2025-12-310000017313Musiker Discovery Programs, Inc. | Revolving Loans2025-03-310000017313NeuroPsychiatric Hospitals, LLC | Revolving Loans2025-12-310000017313NeuroPsychiatric Hospitals, LLC | Revolving Loans2025-03-310000017313New Skinny Mixes, LLC | Revolving Loans2025-12-310000017313New Skinny Mixes, LLC | Revolving Loans2025-03-310000017313NinjaTrader, Inc. | Revolving Loans2025-12-310000017313NinjaTrader, Inc. | Revolving Loans2025-03-310000017313Pipeline Technique Ltd. | Revolving Loans2025-12-310000017313Pipeline Technique Ltd. | Revolving Loans2025-03-310000017313Pool Service Partners, Inc. | Revolving Loans2025-12-310000017313Pool Service Partners, Inc. | Revolving Loans2025-03-310000017313Pyramids Acquisition, LLC | Revolving Loans2025-12-310000017313Pyramids Acquisition, LLC | Revolving Loans2025-03-310000017313Revo Brands, Inc. | Revolving Loans2025-12-310000017313Revo Brands, Inc. | Revolving Loans2025-03-310000017313Rodizio Opco LLC | Revolving Loans2025-12-310000017313Rodizio Opco LLC | Revolving Loans2025-03-310000017313Roseland Management, LLC | Revolving Loans2025-12-310000017313Roseland Management, LLC | Revolving Loans2025-03-310000017313ServerLIFT, LLC | Revolving Loans2025-12-310000017313ServerLIFT, LLC | Revolving Loans2025-03-310000017313SocialSEO, LLC | Revolving Loans2025-12-310000017313SocialSEO, LLC | Revolving Loans2025-03-310000017313Spotlight AR, LLC | Revolving Loans2025-12-310000017313Spotlight AR, LLC | Revolving Loans2025-03-310000017313Superior Health Parent LLC | Revolving Loans2025-12-310000017313Superior Health Parent LLC | Revolving Loans2025-03-310000017313Swensons Drive-In Restaurants, LLC | Revolving Loans2025-12-310000017313Swensons Drive-In Restaurants, LLC | Revolving Loans2025-03-310000017313The Gobel Group, LLC | Revolving Loans2025-12-310000017313The Gobel Group, LLC | Revolving Loans2025-03-310000017313TMT BHC Buyer, Inc. | Revolving Loans2025-12-310000017313TMT BHC Buyer, Inc. | Revolving Loans2025-03-310000017313Tru Fragrance & Beauty LLC | Revolving Loans2025-12-310000017313Tru Fragrance & Beauty LLC | Revolving Loans2025-03-310000017313VP Move Purchaser, Inc. | Revolving Loans2025-12-310000017313VP Move Purchaser, Inc. | Revolving Loans2025-03-310000017313Wash & Wax Systems LLC | Revolving Loans2025-12-310000017313Wash & Wax Systems LLC | Revolving Loans2025-03-310000017313Well Labs Plus, LLC | Revolving Loans2025-12-310000017313Well Labs Plus, LLC | Revolving Loans2025-03-310000017313Well-Foam, Inc. | Revolving Loans2025-12-310000017313Well-Foam, Inc. | Revolving Loans2025-03-310000017313White Plains Linen LLC | Revolving Loans2025-12-310000017313White Plains Linen LLC | Revolving Loans2025-03-310000017313Winter Services Operations, LLC | Revolving Loans2025-12-310000017313Winter Services Operations, LLC | Revolving Loans2025-03-310000017313Zenfolio Inc. | Revolving Loans2025-12-310000017313Zenfolio Inc. | Revolving Loans2025-03-310000017313us-gaap:RevolvingCreditFacilityMember2025-12-310000017313us-gaap:RevolvingCreditFacilityMember2025-03-310000017313AAC New Holdco Inc. | Delayed Draw Term Loans2025-12-310000017313AAC New Holdco Inc. | Delayed Draw Term Loans2025-03-310000017313Air Conditioning Specialist Inc. | Delayed Draw Term Loans2025-12-310000017313Air Conditioning Specialist Inc. | Delayed Draw Term Loans2025-03-310000017313American Pet Resort, LLC | Delayed Draw Term Loans2025-12-310000017313American Pet Resort, LLC | Delayed Draw Term Loans2025-03-310000017313Better Than Home, Inc. | Delayed Draw Term Loans2025-12-310000017313Better Than Home, Inc. | Delayed Draw Term Loans2025-03-310000017313BP Loenbro Holdings Inc. | Delayed Draw Term Loans2025-12-310000017313BP Loenbro Holdings Inc. | Delayed Draw Term Loans2025-03-310000017313Central Medical Supply LLC | Delayed Draw Term Loans2025-12-310000017313Central Medical Supply LLC | Delayed Draw Term Loans2025-03-310000017313Crafty Apes, LLC | Delayed Draw Term Loans2025-12-310000017313Crafty Apes, LLC | Delayed Draw Term Loans2025-03-310000017313Cumbria Capital MSO, LLC | Delayed Draw Term Loans2025-12-310000017313Cumbria Capital MSO, LLC | Delayed Draw Term Loans2025-03-310000017313DWS Buyer LLC | Delayed Draw Term Loans2025-12-310000017313DWS Buyer LLC | Delayed Draw Term Loans2025-03-310000017313Enstoa, Inc. | Delayed Draw Term Loans2025-12-310000017313Enstoa, Inc. | Delayed Draw Term Loans2025-03-310000017313Exact Borrower, LLC | Delayed Draw Term Loans2025-12-310000017313Exact Borrower, LLC | Delayed Draw Term Loans2025-03-310000017313Ignite Visibility LLC | Delayed Draw Term Loans2025-12-310000017313Ignite Visibility LLC | Delayed Draw Term Loans2025-03-310000017313iVueit, LLC | Delayed Draw Term Loans2025-12-310000017313iVueit, LLC | Delayed Draw Term Loans2025-03-310000017313KMS, LLC | Delayed Draw Term Loans2025-12-310000017313KMS, LLC | Delayed Draw Term Loans2025-03-310000017313LDG Acquisition Company, LLC | Delayed Draw Term Loans2025-12-310000017313LDG Acquisition Company, LLC | Delayed Draw Term Loans2025-03-310000017313LEHR Upfitters, LLC | Delayed Draw Term Loans2025-12-310000017313LEHR Upfitters, LLC | Delayed Draw Term Loans2025-03-310000017313Mid-Florida Endodontics Management Company, LLC | Delayed Draw Term Loans2025-12-310000017313Mid-Florida Endodontics Management Company, LLC | Delayed Draw Term Loans2025-03-310000017313Mission Critical Group, LLC | Delayed Draw Term Loans2025-12-310000017313Mission Critical Group, LLC | Delayed Draw Term Loans2025-03-310000017313Monroe Biomedical Research, LLC | Delayed Draw Term Loans2025-12-310000017313Monroe Biomedical Research, LLC | Delayed Draw Term Loans2025-03-310000017313Muenster Miling Company, LLC | Delayed Draw Term Loans2025-12-310000017313Muenster Miling Company, LLC | Delayed Draw Term Loans2025-03-310000017313Musiker Discovery Programs, Inc. | Delayed Draw Term Loans2025-12-310000017313Musiker Discovery Programs, Inc. | Delayed Draw Term Loans2025-03-310000017313One Group, LLC | Delayed Draw Term Loans2025-12-310000017313One Group, LLC | Delayed Draw Term Loans2025-03-310000017313Pipeline Technique Ltd. | Delayed Draw Term Loans2025-12-310000017313Pipeline Technique Ltd. | Delayed Draw Term Loans2025-03-310000017313Pool Service Partners, Inc. | Delayed Draw Term Loans2025-12-310000017313Pool Service Partners, Inc. | Delayed Draw Term Loans2025-03-310000017313Superior Health Parent LLC | Delayed Draw Term Loans2025-12-310000017313Superior Health Parent LLC | Delayed Draw Term Loans2025-03-310000017313SureKap, LLC | Delayed Draw Term Loans2025-12-310000017313SureKap, LLC | Delayed Draw Term Loans2025-03-310000017313TMT BHC Buyer, Inc. | Delayed Draw Term Loans2025-12-310000017313TMT BHC Buyer, Inc. | Delayed Draw Term Loans2025-03-310000017313unWired Broadband, LLC | Delayed Draw Term Loans2025-12-310000017313unWired Broadband, LLC | Delayed Draw Term Loans2025-03-310000017313Well Labs Plus, LLC | Delayed Draw Term Loans2025-12-310000017313Well Labs Plus, LLC | Delayed Draw Term Loans2025-03-310000017313us-gaap:DelayedDrawTermLoanMember2025-12-310000017313us-gaap:DelayedDrawTermLoanMember2025-03-310000017313Broad Sky Networks, LLC2025-12-310000017313Broad Sky Networks, LLC2025-03-310000017313Spectrum of Hope, LLC 2025-12-310000017313Spectrum of Hope, LLC 2025-03-310000017313cswc:UnusedCommitmentsToLendOtherMember2025-12-310000017313cswc:UnusedCommitmentsToLendOtherMember2025-03-310000017313cswc:DebtCommitmentsMember2025-12-310000017313cswc:DebtCommitmentsMember2025-03-310000017313cswc:FinancialCommitmentYearOneMember2025-12-310000017313cswc:FinancialCommitmentYearOneMember2025-03-310000017313cswc:FinancialCommitmentYearTwoMember2025-12-310000017313cswc:FinancialCommitmentYearTwoMember2025-03-310000017313cswc:FinancialCommitmentYearThreeMember2025-12-310000017313cswc:FinancialCommitmentYearThreeMember2025-03-310000017313cswc:FinancialCommitmentYearFourMember2025-12-310000017313cswc:FinancialCommitmentYearFourMember2025-03-310000017313cswc:FinancialCommitmentYearFiveMember2025-12-310000017313cswc:FinancialCommitmentYearFiveMember2025-03-310000017313cswc:FinancialCommitmentYearSixMember2025-12-310000017313cswc:FinancialCommitmentYearSixMember2025-03-310000017313cswc:FinancialCommitmentYearSevenMember2025-12-310000017313cswc:FinancialCommitmentYearSevenMember2025-03-310000017313Catbird NYC, LLC2025-12-310000017313Catbird NYC, LLC2025-03-310000017313Infolinks Media Buyco, LLC2025-12-310000017313Infolinks Media Buyco, LLC2025-03-310000017313us-gaap:FinancialSupportCapitalContributionsMember2025-12-310000017313us-gaap:FinancialSupportCapitalContributionsMember2025-03-310000017313us-gaap:FinancialStandbyLetterOfCreditMember2025-12-310000017313cswc:ExpirationTrancheOneMemberus-gaap:FinancialStandbyLetterOfCreditMember2025-12-310000017313cswc:ExpirationTrancheTwoMemberus-gaap:FinancialStandbyLetterOfCreditMember2025-12-310000017313cswc:ExpirationTrancheThreeMemberus-gaap:FinancialStandbyLetterOfCreditMember2025-12-3100000173132021-03-310000017313us-gaap:BuildingMember2023-12-310000017313us-gaap:CorporateJointVentureMemberus-gaap:SubsequentEventMember2026-01-220000017313Brandner Design, LLC | Revolving Loan2025-12-310000017313Brandner Design, LLC | Revolving Loan2025-04-012025-12-310000017313Brandner Design, LLC | Revolving Loan2025-03-310000017313Brandner Design, LLC | First Lien 12025-12-310000017313Brandner Design, LLC | First Lien 12025-04-012025-12-310000017313Brandner Design, LLC | First Lien 12025-03-310000017313Brandner Design, LLC | First Lien 22025-12-310000017313Brandner Design, LLC | First Lien 22025-04-012025-12-310000017313Brandner Design, LLC | First Lien 22025-03-310000017313Brandner Design, LLC | Class A Units2025-12-310000017313Brandner Design, LLC | Class A Units2025-04-012025-12-310000017313Brandner Design, LLC | Class A Units2025-03-310000017313Brandner Design, LLC | Warrants2025-12-310000017313Brandner Design, LLC | Warrants2025-04-012025-12-310000017313Brandner Design, LLC | Warrants2025-03-310000017313KMS, LLC | Revolving Loan2025-04-012025-12-310000017313KMS, LLC | Revolving Loan2025-03-310000017313KMS, LLC | First Lien2025-04-012025-12-310000017313KMS, LLC | Delayed Draw Term Loan2025-12-310000017313KMS, LLC | Delayed Draw Term Loan2025-04-012025-12-310000017313KMS, LLC | Series A Preferred Units2025-04-012025-12-310000017313National Credit Care, LLC | First Lien - Term Loan A2025-12-310000017313National Credit Care, LLC | First Lien - Term Loan A2025-04-012025-12-310000017313National Credit Care, LLC | First Lien - Term Loan A2025-03-310000017313National Credit Care, LLC | First Lien - Term Loan B2025-12-310000017313National Credit Care, LLC | First Lien - Term Loan B2025-04-012025-12-310000017313National Credit Care, LLC | First Lien - Term Loan B2025-03-310000017313National Credit Care, LLC | Class A-3 Preferred Units2025-12-310000017313National Credit Care, LLC | Class A-3 Preferred Units2025-04-012025-12-310000017313National Credit Care, LLC | Class A-3 Preferred Units2025-03-310000017313National Credit Care, LLC | Warrants2025-12-310000017313National Credit Care, LLC | Warrants2025-04-012025-12-310000017313National Credit Care, LLC | Warrants2025-03-310000017313Spectrum of Hope, LLC | First Lien - Superpriority Term Loan2025-12-310000017313Spectrum of Hope, LLC | First Lien - Superpriority Term Loan2025-04-012025-12-310000017313Spectrum of Hope, LLC | First Lien - Superpriority Term Loan2025-03-310000017313Spectrum of Hope, LLC | First Lien - Tranche A Term Loan2025-12-310000017313Spectrum of Hope, LLC | First Lien - Tranche A Term Loan2025-04-012025-12-310000017313Spectrum of Hope, LLC | First Lien - Tranche A Term Loan2025-03-310000017313Spectrum of Hope, LLC | First Lien - Tranche B Term Loan2025-12-310000017313Spectrum of Hope, LLC | First Lien - Tranche B Term Loan2025-04-012025-12-310000017313Spectrum of Hope, LLC | First Lien - Tranche B Term Loan2025-03-310000017313Spectrum of Hope, LLC | Common Units2025-12-310000017313Spectrum of Hope, LLC | Common Units2025-04-012025-12-310000017313Spectrum of Hope, LLC | Common Units2025-03-310000017313AAC New Holdco Inc. | First Lien2025-12-310000017313AAC New Holdco Inc. | First Lien2025-04-012025-12-310000017313AAC New Holdco Inc. | First Lien2025-03-310000017313AAC New Holdco Inc. | First Lien - Term Loan A2025-12-310000017313AAC New Holdco Inc. | First Lien - Term Loan A2025-04-012025-12-310000017313AAC New Holdco Inc. | First Lien - Term Loan A2025-03-310000017313AAC New Holdco Inc. | First Lien - Term Loan B2025-12-310000017313AAC New Holdco Inc. | First Lien - Term Loan B2025-04-012025-12-310000017313AAC New Holdco Inc. | First Lien - Term Loan B2025-03-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 12025-12-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 12025-04-012025-12-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 12025-03-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 22025-12-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 22025-04-012025-12-310000017313AAC New Holdco Inc. | Delayed Draw Term Loan 22025-03-310000017313AAC New Holdco Inc. | Preferred Units2025-12-310000017313AAC New Holdco Inc. | Preferred Units2025-04-012025-12-310000017313AAC New Holdco Inc. | Preferred Units2025-03-310000017313AAC New Holdco Inc. | Common Units2025-12-310000017313AAC New Holdco Inc. | Common Units2025-04-012025-12-310000017313AAC New Holdco Inc. | Common Units2025-03-310000017313AAC New Holdco Inc. | Warrants2025-12-310000017313AAC New Holdco Inc. | Warrants2025-04-012025-12-310000017313AAC New Holdco Inc. | Warrants2025-03-310000017313Air Conditioning Specialist, Inc. | Revolving Loan2025-12-310000017313Air Conditioning Specialist, Inc. | Revolving Loan2025-04-012025-12-310000017313Air Conditioning Specialist, Inc. | Revolving Loan2025-03-310000017313Air Conditioning Specialist, Inc. | First Lien2025-12-310000017313Air Conditioning Specialist, Inc. | First Lien2025-04-012025-12-310000017313Air Conditioning Specialist, Inc. | First Lien2025-03-310000017313Air Conditioning Specialist, Inc. | Delayed Draw Term Loan2025-12-310000017313Air Conditioning Specialist, Inc. | Delayed Draw Term Loan2025-04-012025-12-310000017313Air Conditioning Specialist, Inc. | Delayed Draw Term Loan2025-03-310000017313Air Conditioning Specialist, Inc. | Preferred Units2025-12-310000017313Air Conditioning Specialist, Inc. | Preferred Units2025-04-012025-12-310000017313Air Conditioning Specialist, Inc. | Preferred Units2025-03-310000017313American Nuts Operations LLC | First Lien - Term Loan A2025-12-310000017313American Nuts Operations LLC | First Lien - Term Loan A2025-04-012025-12-310000017313American Nuts Operations LLC | First Lien - Term Loan A2025-03-310000017313American Nuts Operations LLC | First Lien - Term Loan B2025-12-310000017313American Nuts Operations LLC | First Lien - Term Loan B2025-04-012025-12-310000017313American Nuts Operations LLC | First Lien - Term Loan B2025-03-310000017313American Nuts Operations LLC | Class A Preferred Units2025-12-310000017313American Nuts Operations LLC | Class A Preferred Units2025-04-012025-12-310000017313American Nuts Operations LLC | Class A Preferred Units2025-03-310000017313American Nuts Operations LLC | Class C Common Units2025-12-310000017313American Nuts Operations LLC | Class C Common Units2025-04-012025-12-310000017313American Nuts Operations LLC | Class C Common Units2025-03-310000017313ArborWorks, LLC | Revolving Loan2025-12-310000017313ArborWorks, LLC | Revolving Loan2025-04-012025-12-310000017313ArborWorks, LLC | Revolving Loan2025-03-310000017313ArborWorks, LLC | First Lien2025-12-310000017313ArborWorks, LLC | First Lien2025-04-012025-12-310000017313ArborWorks, LLC | First Lien2025-03-310000017313ArborWorks, LLC | Class A Units2025-12-310000017313ArborWorks, LLC | Class A Units2025-04-012025-12-310000017313ArborWorks, LLC | Class A Units2025-03-310000017313ArborWorks, LLC | Class A-1 Preferred Units2025-12-310000017313ArborWorks, LLC | Class A-1 Preferred Units2025-04-012025-12-310000017313ArborWorks, LLC | Class A-1 Preferred Units2025-03-310000017313ArborWorks, LLC | Class B-1 Preferred Units2025-12-310000017313ArborWorks, LLC | Class B-1 Preferred Units2025-04-012025-12-310000017313ArborWorks, LLC | Class B-1 Preferred Units2025-03-310000017313ArborWorks, LLC | Class A-1 Common Units2025-12-310000017313ArborWorks, LLC | Class A-1 Common Units2025-04-012025-12-310000017313ArborWorks, LLC | Class A-1 Common Units2025-03-310000017313Catbird NYC, LLC | Revolving Loan2025-12-310000017313Catbird NYC, LLC | Revolving Loan2025-04-012025-12-310000017313Catbird NYC, LLC | Revolving Loan2025-03-310000017313Catbird NYC, LLC | First Lien2025-12-310000017313Catbird NYC, LLC | First Lien2025-04-012025-12-310000017313Catbird NYC, LLC | First Lien2025-03-310000017313Catbird NYC, LLC | Class A Units2025-12-310000017313Catbird NYC, LLC | Class A Units2025-04-012025-12-310000017313Catbird NYC, LLC | Class A Units2025-03-310000017313Catbird NYC, LLC | Class B Units2025-12-310000017313Catbird NYC, LLC | Class B Units2025-04-012025-12-310000017313Catbird NYC, LLC | Class B Units2025-03-310000017313Central Medical Supply LLC | Revolving Loan2025-12-310000017313Central Medical Supply LLC | Revolving Loan2025-04-012025-12-310000017313Central Medical Supply LLC | Revolving Loan2025-03-310000017313Central Medical Supply LLC | First Lien2025-12-310000017313Central Medical Supply LLC | First Lien2025-04-012025-12-310000017313Central Medical Supply LLC | First Lien2025-03-310000017313Central Medical Supply LLC | Delayed Draw Term Loan2025-12-310000017313Central Medical Supply LLC | Delayed Draw Term Loan2025-04-012025-12-310000017313Central Medical Supply LLC | Delayed Draw Term Loan2025-03-310000017313Central Medical Supply LLC | Preferred Units2025-12-310000017313Central Medical Supply LLC | Preferred Units2025-04-012025-12-310000017313Central Medical Supply LLC | Preferred Units2025-03-310000017313Command Group Acquisition, LLC | First Lien2025-12-310000017313Command Group Acquisition, LLC | First Lien2025-04-012025-12-310000017313Command Group Acquisition, LLC | First Lien2025-03-310000017313Command Group Acquisition, LLC | Preferred Units2025-12-310000017313Command Group Acquisition, LLC | Preferred Units2025-04-012025-12-310000017313Command Group Acquisition, LLC | Preferred Units2025-03-310000017313Crafty Apes, LLC | First Lien2025-12-310000017313Crafty Apes, LLC | First Lien2025-04-012025-12-310000017313Crafty Apes, LLC | First Lien2025-03-310000017313Crafty Apes, LLC | Delayed Draw Term Loan2025-12-310000017313Crafty Apes, LLC | Delayed Draw Term Loan2025-04-012025-12-310000017313Crafty Apes, LLC | Delayed Draw Term Loan2025-03-310000017313Crafty Apes, LLC | Class A Common Units2025-12-310000017313Crafty Apes, LLC | Class A Common Units2025-04-012025-12-310000017313Crafty Apes, LLC | Class A Common Units2025-03-310000017313Dynamic Communities, LLC | First Lien - Term Loan A2025-12-310000017313Dynamic Communities, LLC | First Lien - Term Loan A2025-04-012025-12-310000017313Dynamic Communities, LLC | First Lien - Term Loan A2025-03-310000017313Dynamic Communities, LLC | First Lien - Term Loan B2025-12-310000017313Dynamic Communities, LLC | First Lien - Term Loan B2025-04-012025-12-310000017313Dynamic Communities, LLC | First Lien - Term Loan B2025-03-310000017313Dynamic Communities, LLC | Class A Preferred units2025-12-310000017313Dynamic Communities, LLC | Class A Preferred units2025-04-012025-12-310000017313Dynamic Communities, LLC | Class A Preferred units2025-03-310000017313Dynamic Communities, LLC | Class B Preferred units2025-12-310000017313Dynamic Communities, LLC | Class B Preferred units2025-04-012025-12-310000017313Dynamic Communities, LLC | Class B Preferred units2025-03-310000017313Dynamic Communities, LLC | Class C Preferred units2025-12-310000017313Dynamic Communities, LLC | Class C Preferred units2025-04-012025-12-310000017313Dynamic Communities, LLC | Class C Preferred units2025-03-310000017313Dynamic Communities, LLC | Common units2025-12-310000017313Dynamic Communities, LLC | Common units2025-04-012025-12-310000017313Dynamic Communities, LLC | Common units2025-03-310000017313GPT Industries, LLC | Revolving Loan2025-12-310000017313GPT Industries, LLC | Revolving Loan2025-04-012025-12-310000017313GPT Industries, LLC | Revolving Loan2025-03-310000017313GPT Industries, LLC | First lien2025-12-310000017313GPT Industries, LLC | First lien2025-04-012025-12-310000017313GPT Industries, LLC | First lien2025-03-310000017313GPT Industries, LLC | Class A Preferred Units2025-12-310000017313GPT Industries, LLC | Class A Preferred Units2025-04-012025-12-310000017313GPT Industries, LLC | Class A Preferred Units2025-03-310000017313GrammaTech, Inc. | Revolving Loan2025-12-310000017313GrammaTech, Inc. | Revolving Loan2025-04-012025-12-310000017313GrammaTech, Inc. | Revolving Loan2025-03-310000017313GrammaTech, Inc. | First Lien2025-12-310000017313GrammaTech, Inc. | First Lien2025-04-012025-12-310000017313GrammaTech, Inc. | First Lien2025-03-310000017313GrammaTech, Inc. | Class A Units2025-12-310000017313GrammaTech, Inc. | Class A Units2025-04-012025-12-310000017313GrammaTech, Inc. | Class A Units2025-03-310000017313GrammaTech, Inc. | Class A-1 Units2025-12-310000017313GrammaTech, Inc. | Class A-1 Units2025-04-012025-12-310000017313GrammaTech, Inc. | Class A-1 Units2025-03-310000017313Gravitiq LLC | Revolving Loan2025-12-310000017313Gravitiq LLC | Revolving Loan2025-04-012025-12-310000017313Gravitiq LLC | Revolving Loan2025-03-310000017313Gravitiq LLC | First Lien - Term Loan A2025-12-310000017313Gravitiq LLC | First Lien - Term Loan A2025-04-012025-12-310000017313Gravitiq LLC | First Lien - Term Loan A2025-03-310000017313Gravitiq LLC | First Lien - Term Loan B2025-12-310000017313Gravitiq LLC | First Lien - Term Loan B2025-04-012025-12-310000017313Gravitiq LLC | First Lien - Term Loan B2025-03-310000017313Gravitiq LLC | Warrants2025-12-310000017313Gravitiq LLC | Warrants2025-04-012025-12-310000017313Gravitiq LLC | Warrants2025-03-310000017313ITA Holdings Group, LLC | Revolving Loan2025-12-310000017313ITA Holdings Group, LLC | Revolving Loan2025-04-012025-12-310000017313ITA Holdings Group, LLC | Revolving Loan2025-03-310000017313ITA Holdings Group, LLC | First Lien - Term Loan2025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan2025-04-012025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan2025-03-310000017313ITA Holdings Group, LLC | First Lien - Term Loan B2025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan B2025-04-012025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan B2025-03-310000017313ITA Holdings Group, LLC | First Lien - Term Loan C2025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan C2025-04-012025-12-310000017313ITA Holdings Group, LLC | First Lien - Term Loan C2025-03-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - A2025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - A2025-04-012025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - A2025-03-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - B2025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - B2025-04-012025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan - B2025-03-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan2025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan2025-04-012025-12-310000017313ITA Holdings Group, LLC | Delayed Draw Term Loan2025-03-310000017313ITA Holdings Group, LLC | Warrants 12025-12-310000017313ITA Holdings Group, LLC | Warrants 12025-04-012025-12-310000017313ITA Holdings Group, LLC | Warrants 12025-03-310000017313ITA Holdings Group, LLC | Warrants 22025-12-310000017313ITA Holdings Group, LLC | Warrants 22025-04-012025-12-310000017313ITA Holdings Group, LLC | Warrants 22025-03-310000017313ITA Holdings Group, LLC | 9.25% Class A Membership Interest2025-12-310000017313ITA Holdings Group, LLC | 9.25% Class A Membership Interest2025-04-012025-12-310000017313ITA Holdings Group, LLC | 9.25% Class A Membership Interest2025-03-310000017313iVueit, LLC | Revolving Loan2025-12-310000017313iVueit, LLC | Revolving Loan2025-04-012025-12-310000017313iVueit, LLC | Revolving Loan2025-03-310000017313iVueit, LLC | First Lien2025-12-310000017313iVueit, LLC | First Lien2025-04-012025-12-310000017313iVueit, LLC | First Lien2025-03-310000017313iVueit, LLC | Delayed Draw Term Loan2025-12-310000017313iVueit, LLC | Delayed Draw Term Loan2025-04-012025-12-310000017313iVueit, LLC | Delayed Draw Term Loan2025-03-310000017313iVueit, LLC | Preferred Units2025-12-310000017313iVueit, LLC | Preferred Units2025-04-012025-12-310000017313iVueit, LLC | Preferred Units2025-03-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Revolving Loan2025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Revolving Loan2025-04-012025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Revolving Loan2025-03-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | First Lien2025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | First Lien2025-04-012025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | First Lien2025-03-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Class A Units2025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Class A Units2025-04-012025-12-310000017313Kindred Pet Service, LLC (fka Red Dog Operations Holding Company LLC) | Class A Units2025-03-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Revolving Loan2025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Revolving Loan2025-04-012025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Revolving Loan2025-03-310000017313Lighting Retrofit International, LLC (DBA Envocore) | First Lien2025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | First Lien2025-04-012025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | First Lien2025-03-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Second Lien2025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Second Lien2025-04-012025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Second Lien2025-03-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Series A Preferred units2025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Series A Preferred units2025-04-012025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Series A Preferred units2025-03-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Common units2025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Common units2025-04-012025-12-310000017313Lighting Retrofit International, LLC (DBA Envocore) | Common units2025-03-310000017313Local Web Leads, LLC | Revolving Loan2025-12-310000017313Local Web Leads, LLC | Revolving Loan2025-04-012025-12-310000017313Local Web Leads, LLC | Revolving Loan2025-03-310000017313Local Web Leads, LLC | First Lien - Term Loan A2025-12-310000017313Local Web Leads, LLC | First Lien - Term Loan A2025-04-012025-12-310000017313Local Web Leads, LLC | First Lien - Term Loan A2025-03-310000017313Local Web Leads, LLC | First Lien - Term Loan B2025-12-310000017313Local Web Leads, LLC | First Lien - Term Loan B2025-04-012025-12-310000017313Local Web Leads, LLC | First Lien - Term Loan B2025-03-310000017313Local Web Leads, LLC | Common Units2025-12-310000017313Local Web Leads, LLC | Common Units2025-04-012025-12-310000017313Local Web Leads, LLC | Common Units2025-03-310000017313Pool Service Partners, Inc. | Revolving Loan2025-12-310000017313Pool Service Partners, Inc. | Revolving Loan2025-04-012025-12-310000017313Pool Service Partners, Inc. | Revolving Loan2025-03-310000017313Pool Service Partners, Inc. | First Lien2025-12-310000017313Pool Service Partners, Inc. | First Lien2025-04-012025-12-310000017313Pool Service Partners, Inc. | First Lien2025-03-310000017313Pool Service Partners, Inc. | Delayed Draw Term Loan2025-12-310000017313Pool Service Partners, Inc. | Delayed Draw Term Loan2025-04-012025-12-310000017313Pool Service Partners, Inc. | Delayed Draw Term Loan2025-03-310000017313Pool Service Partners, Inc. | Common units2025-12-310000017313Pool Service Partners, Inc. | Common units2025-04-012025-12-310000017313Pool Service Partners, Inc. | Common units2025-03-310000017313Precision Spray & Coatings, LLC | First Lien2025-12-310000017313Precision Spray & Coatings, LLC | First Lien2025-04-012025-12-310000017313Precision Spray & Coatings, LLC | First Lien2025-03-310000017313Precision Spray & Coatings, LLC | Class A-2 Units2025-12-310000017313Precision Spray & Coatings, LLC | Class A-2 Units2025-04-012025-12-310000017313Precision Spray & Coatings, LLC | Class A-2 Units2025-03-310000017313Rodizio Opco LLC | Revolving Loan2025-12-310000017313Rodizio Opco LLC | Revolving Loan2025-04-012025-12-310000017313Rodizio Opco LLC | Revolving Loan2025-03-310000017313Rodizio Opco LLC | First Lien2025-12-310000017313Rodizio Opco LLC | First Lien2025-04-012025-12-310000017313Rodizio Opco LLC | First Lien2025-03-310000017313Rodizio Opco LLC | Common Units2025-12-310000017313Rodizio Opco LLC | Common Units2025-04-012025-12-310000017313Rodizio Opco LLC | Common Units2025-03-310000017313Roseland Management, LLC | Revolving Loan2025-12-310000017313Roseland Management, LLC | Revolving Loan2025-04-012025-12-310000017313Roseland Management, LLC | Revolving Loan2025-03-310000017313Roseland Management, LLC | First Lien2025-12-310000017313Roseland Management, LLC | First Lien2025-04-012025-12-310000017313Roseland Management, LLC | First Lien2025-03-310000017313Roseland Management, LLC | Class A-2 Units2025-12-310000017313Roseland Management, LLC | Class A-2 Units2025-04-012025-12-310000017313Roseland Management, LLC | Class A-2 Units2025-03-310000017313Roseland Management, LLC | Class A-1 Units2025-12-310000017313Roseland Management, LLC | Class A-1 Units2025-04-012025-12-310000017313Roseland Management, LLC | Class A-1 Units2025-03-310000017313Roseland Management, LLC | Class A Units2025-12-310000017313Roseland Management, LLC | Class A Units2025-04-012025-12-310000017313Roseland Management, LLC | Class A Units2025-03-310000017313Sonobi, Inc. | Class A Common Units2025-12-310000017313Sonobi, Inc. | Class A Common Units2025-04-012025-12-310000017313Sonobi, Inc. | Class A Common Units2025-03-310000017313STATinMED, LLC | First Lien2025-12-310000017313STATinMED, LLC | First Lien2025-04-012025-12-310000017313STATinMED, LLC | First Lien2025-03-310000017313STATinMED, LLC | Class A Preferred Units2025-12-310000017313STATinMED, LLC | Class A Preferred Units2025-04-012025-12-310000017313STATinMED, LLC | Class A Preferred Units2025-03-310000017313STATinMED, LLC | Class B Preferred Units2025-12-310000017313STATinMED, LLC | Class B Preferred Units2025-04-012025-12-310000017313STATinMED, LLC | Class B Preferred Units2025-03-310000017313Student Resource Center LLC | First Lien2025-12-310000017313Student Resource Center LLC | First Lien2025-04-012025-12-310000017313Student Resource Center LLC | First Lien2025-03-310000017313Student Resource Center LLC | Senior Preferred units2025-12-310000017313Student Resource Center LLC | Senior Preferred units2025-04-012025-12-310000017313Student Resource Center LLC | Senior Preferred units2025-03-310000017313Student Resource Center LLC | Preferred units 12025-12-310000017313Student Resource Center LLC | Preferred units 12025-04-012025-12-310000017313Student Resource Center LLC | Preferred units 12025-03-310000017313Student Resource Center LLC | Preferred units 22025-12-310000017313Student Resource Center LLC | Preferred units 22025-04-012025-12-310000017313Student Resource Center LLC | Preferred units 22025-03-310000017313TalkNY Management Holdings, LLC | First Lien2025-12-310000017313TalkNY Management Holdings, LLC | First Lien2025-04-012025-12-310000017313TalkNY Management Holdings, LLC | First Lien2025-03-310000017313TalkNY Management Holdings, LLC | Class A-1 Preferred Units2025-12-310000017313TalkNY Management Holdings, LLC | Class A-1 Preferred Units2025-04-012025-12-310000017313TalkNY Management Holdings, LLC | Class A-1 Preferred Units2025-03-310000017313White Plains Linen LLC | Revolving Loan2025-12-310000017313White Plains Linen LLC | Revolving Loan2025-04-012025-12-310000017313White Plains Linen LLC | Revolving Loan2025-03-310000017313White Plains Linen LLC | First Lien - Term Loan A2025-12-310000017313White Plains Linen LLC | First Lien - Term Loan A2025-04-012025-12-310000017313White Plains Linen LLC | First Lien - Term Loan A2025-03-310000017313White Plains Linen LLC | First Lien - Term Loan B2025-12-310000017313White Plains Linen LLC | First Lien - Term Loan B2025-04-012025-12-310000017313White Plains Linen LLC | First Lien - Term Loan B2025-03-310000017313White Plains Linen LLC | 16.75% LP Interest2025-12-310000017313White Plains Linen LLC | 16.75% LP Interest2025-04-012025-12-310000017313White Plains Linen LLC | 16.75% LP Interest2025-03-310000017313us-gaap:InvestmentAffiliatedIssuerMember2025-12-310000017313us-gaap:InvestmentAffiliatedIssuerMember2025-04-012025-12-310000017313us-gaap:InvestmentAffiliatedIssuerMember2025-03-310000017313cswc:CreditFacilityMember2025-04-012025-12-310000017313cswc:A2029ConvertibleNotesMember2025-04-012025-12-310000017313cswc:SBADebenturesMember2025-04-012025-12-31

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended December 31, 2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ……………..to ……………..

Commission File Number: 814-00061

CAPITAL SOUTHWEST CORPORATION

(Exact name of registrant as specified in its charter)


Texas						75-1072796
(State or other jurisdiction of incorporation or organization)						(I.R.S. Employer Identification No.)


8333 Douglas Avenue, Suite 1100, Dallas, Texas						75225
(Address of principal executive offices)						(Zip Code)

Registrant's telephone number, including area code: (214) 238-5700


Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock, $0.25 par value per share	CSWC	The Nasdaq Global Select Market

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer

☒

Accelerated filer

☐

Non-accelerated filer

☐

Smaller reporting company

☐

Emerging growth company

☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

60,162,020 shares of Common Stock, $0.25 value per share, as of January 29, 2026.

TABLE OF CONTENTS

Page

PART I

FINANCIAL INFORMATION

Item 1.

Consolidated Financial Statements

Consolidated Statements of Assets and Liabilities as of December 31, 2025 (Unaudited) and March 31, 2025

Consolidated Statements of Operations (Unaudited) for the three and nine months ended December 31, 2025 and 2024

Consolidated Statements of Changes in Net Assets (Unaudited) for the nine months ended December 31, 2025 and 2024

Consolidated Statements of Cash Flows (Unaudited) for the nine months ended December 31, 2025 and 2024

Consolidated Schedule of Investments as of December 31, 2025 (Unaudited) and March 31, 2025

Notes to Consolidated Financial Statements (Unaudited)

Consolidated Schedule of Investments in and Advances to Affiliates (Unaudited) for the nine months ended December 31, 2025

Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

102

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

119

Item 4.

Controls and Procedures

Unregistered Sales of Equity Securities and Use of Proceeds

121

Item 3.

Defaults Upon Senior Securities

121

Item 4.

Mine Safety Disclosures

PART I – FINANCIAL INFORMATION

Item 1. Consolidated Financial Statements


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES
(In thousands, except shares and per share data)

	December 31,		March 31,
	2025		2025
	(Unaudited)
Assets
Investments at fair value:
Non-control/Non-affiliate investments (Cost: $1,608,987 and $1,403,623, respectively)	$	1,607,833	$	1,436,316
Affiliate investments (Cost: $349,820 and $304,824, respectively)	350,001		292,891
Control investments (Cost: $72,359 and $70,913, respectively)	55,371		56,092
Total investments (Cost: $2,031,166 and $1,779,360, respectively)	2,013,205		1,785,299
Cash and cash equivalents	42,559		43,221
Restricted cash	1,650		1,650
Receivables:
Dividends and interest	36,801		30,303
Escrow	1,988		1,926
Other	2,630		2,018
Income tax receivable	440		94
Debt issuance costs (net of accumulated amortization of $12,468 and $10,357, respectively)	7,573		9,266
Other assets	9,075		9,063
Total assets	$	2,115,921	$	1,882,840
Liabilities
SBA Debentures (net of $4,375 and $4,082, respectively, of unamortized debt issuance costs)	$	190,625	$	170,918

October 2026 Notes (net of $0 and $1,154, respectively, of unamortized debt issuance costs)	—		148,846
August 2028 Notes (net of $0 and $1,681, respectively, of unamortized debt issuance costs)	—		70,194
2029 Convertible Notes (net of $5,783 and $6,893, respectively, of unamortized debt issuance costs)	224,217		223,107
September 2030 Notes (net of $6,360 and $0, respectively, of unamortized debt issuance costs)	343,640		—
Credit Facilities	314,000		343,000
Other liabilities	29,950		23,038
Accrued restoration plan liability	540		555
Income tax payable	2,289		2,769
Deferred tax liability	15,026		16,780
Total liabilities	1,120,287		999,207

Commitments and contingencies (Note 11)

Net Assets
Common stock, $0.25 par value: authorized, 75,000,000 shares at December 31, 2025 and March 31, 2025; issued, 59,456,961 shares at December 31, 2025 and 52,912,796 shares at March 31, 2025	14,864		13,228
Additional paid-in capital	1,057,225		959,123
Total distributable (loss) earnings	(76,455)		(88,718)
Total net assets	995,634		883,633
Total liabilities and net assets	$	2,115,921	$	1,882,840
Net asset value per share (59,456,961 shares outstanding at December 31, 2025 and 52,912,796 shares outstanding at March 31, 2025)	$	16.75	$	16.70

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except shares and per share data)

	Three Months Ended				Nine Months Ended
	December 31,				December 31,
	2025		2024		2025		2024
Investment income:
Interest income:
Non-control/Non-affiliate investments	$	40,987	$	37,789	$	122,971	$	114,346
Affiliate investments	7,326		4,767		19,413		14,253
Control investments	500		333		1,801		975
Payment-in-kind interest income:
Non-control/Non-affiliate investments	3,513		2,717		7,262		7,025
Affiliate investments	999		529		2,864		1,670
Control investments	73		—		513		—
Dividend income:
Non-control/Non-affiliate investments	199		586		1,860		3,525
Affiliate investments	3,549		—		8,283		51
Control investments	—		—		24		—
Fee income:
Non-control/Non-affiliate investments	2,841		3,671		5,977		6,589
Affiliate investments	690		525		1,649		1,443
Control investments	27		8		74		75
Other income	743		1,048		1,648		2,081
Total investment income	61,447		51,973		174,339		152,033
Operating expenses:
Compensation	4,571		2,388		11,158		7,844
Share-based compensation	1,290		1,544		3,703		4,306
Interest	18,052		14,717		49,336		39,751
Professional fees	1,200		998		3,751		3,450
General and administrative	1,703		1,643		5,026		4,699
Total operating expenses	26,816		21,290		72,974		60,050
Income before taxes	34,631		30,683		101,365		91,983
Federal income, excise and other taxes	2		474		2,249		1,016
Deferred taxes	(2,356)		(107)		(1,743)		627
Total income tax (benefit) provision	(2,354)		367		506		1,643
Net investment income	$	36,985	$	30,316	$	100,859	$	90,340
Realized gain (loss)
Non-control/Non-affiliate investments	$	(168)	$	(12,889)	$	21,163	$	(22,374)
Affiliate investments	1		84		(3,564)		251
Control investments	—		—		—		(260)
Income tax benefit (provision)	392		—		(6,596)		—
Total net realized gain (loss) on investments, net of tax	225		(12,805)		11,003		(22,383)
Net unrealized (depreciation) appreciation on investments
Non-control/Non-affiliate investments	489		(5,229)		(33,719)		(19,455)
Affiliate investments	170		7,745		11,984		7,193
Control investments	—		(354)		(2,166)		408
Income tax provision	(2,817)		(3,009)		(287)		(2,720)
Total net unrealized (depreciation) appreciation on investments, net of tax	(2,158)		(847)		(24,188)		(14,574)
Net realized and unrealized (losses) gains on investments	(1,933)		(13,652)		(13,185)		(36,957)
Realized loss on extinguishment of debt	(2,156)		(387)		(2,156)		(387)
Realized loss on disposal of fixed assets	—		(9)		(2)		(9)
Net increase in net assets from operations	$	32,896	$	16,268	$	85,516	$	52,987

Pre-tax net investment income per share - basic	$	0.60	$	0.64	$	1.81	$	1.95
Net investment income per share – basic	$	0.64	$	0.63	$	1.80	$	1.92
Net increase in net assets from operations – basic	$	0.57	$	0.34	$	1.52	$	1.13
Net increase in net assets from operations - diluted	$	0.54	$	0.34	$	1.46	$	1.12
Weighted average common shares outstanding – basic	57,530,942		48,315,228		55,538,000		47,079,617
Weighted average common shares outstanding – diluted	66,842,796		54,121,844		64,824,145		49,022,194

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
(Unaudited)
(In thousands, except shares)

0	Common Stock			0	Treasury Stock			0	Additional Paid-In Capital		0	Total Distributable Earnings (Loss)		0	Total Net Asset Value
0	Number of Shares	Par Value		0	Number of Shares	Par Value		0			0			0
Balances at March 31, 2024	45,050,759	$	11,263		—	$	—		$	796,945		$	(52,532)		$	755,676
Issuance of common stock	1,498,981	375			—	—			37,403			—			37,778

Share-based compensation	—	—			—	—			1,224			—			1,224
Issuance of common stock under restricted stock plan, net of forfeitures	359,000	89			—	—			(89)			—			—
Common stock withheld for payroll taxes upon vesting of restricted stock	(71,229)	(18)			—	—			(1,844)			—			(1,862)
Dividends to shareholders	—	—			—	—			—			(29,508)			(29,508)
Change in restoration plan liability	—	—			—	—			(12)			—			(12)

Net investment income	—	—			—	—			—			28,859			28,859
Net realized gain on investments, net of tax	—	—			—	—			—			711			711
Net unrealized depreciation on investments, net of tax	—	—			—	—			—			(15,535)			(15,535)
Balances at June 30, 2024	46,837,511	$	11,709		—	$	—		$	833,627		$	(68,005)		$	777,331
Issuance of common stock	839,099	210			—	—			20,027			—			20,237

Share-based compensation	—	—			—	—			1,538			—			1,538
Issuance of common stock under restricted stock plan, net of forfeitures	10,075	3			—	—			(3)			—			—

Dividends to shareholders	—	—			—	—			—			(30,520)			(30,520)
Change in restoration plan liability	—	—			—	—			(12)			—			(12)

Net investment income	—	—			—	—			—			31,165			31,165
Net realized loss on investments, net of tax, and extinguishment of debt	—	—			—	—			—			(10,289)			(10,289)
Net unrealized appreciation on investments, net of tax	—	—			—	—			—			1,808			1,808
Balances at September 30, 2024	47,686,685	$	11,922		—	$	—		$	855,177		$	(75,841)		$	791,258
Issuance of common stock	2,364,147	$	591		—	$	—		$	52,324		$	—		$	52,915

Share-based compensation	—	—			—	—			1,544			—			1,544
Issuance of common stock under restricted stock plan, net of forfeitures	500	—			—	—			—			—			—

Dividends to shareholders	—	—			—	—			—			(31,532)			(31,532)
Change in restoration plan liability	—	—			—	—			(11)			—			(11)
Reclassification for certain permanent book-to-tax differences	—	—			—	—			(5,521)			5,521			—
Net investment income	—	—			—	—			—			30,316			30,316
Net realized loss on investments, net of tax, and extinguishment of debt	—	—			—	—			—			(13,201)			(13,201)
Net unrealized depreciation on investments, net of tax	—	—			—	—			—			(847)			(847)
Balances at December 31, 2024	50,051,332	$	12,513		—	$	—		$	903,513		$	(85,584)		$	830,442

Balances at March 31, 2025	52,912,796	$	13,228		—	$	—		$	959,123		$	(88,718)		$	883,633
Issuance of common stock	2,034,917	509			—	—			40,663			—			41,172

Share-based compensation	—	—			—	—			1,143			—			1,143
Issuance of common stock under restricted stock plan, net of forfeitures	332,250	83			—	—			(83)			—			—
Common stock withheld for payroll taxes upon vesting of restricted stock	(52,593)	(13)			—	—			(1,107)			—			(1,120)
Dividends to shareholders	—	—			—	—			—			(35,344)			(35,344)
Change in restoration plan liability	—	—			—	—			(11)			—			(11)

Net investment income	—	—			—	—			—			31,889			31,889
Net realized gain on investments, net of tax	—	—			—	—			—			15,704			15,704
Net unrealized depreciation on investments, net of tax	—	—			—	—			—			(20,592)			(20,592)
Balances at June 30, 2025	55,227,370	$	13,807		—	$	—		$	999,728		$	(97,061)		$	916,474
Issuance of common stock	1,766,975	442			—	—			39,251			—			39,693

Share-based compensation	—	—			—	—			1,270			—			1,270
Issuance of common stock under restricted stock plan, net of forfeitures	(27,347)	(7)			—	—			7			—			—

Dividends to shareholders	—	—			—	—			—			(36,040)			(36,040)
Change in restoration plan liability	—	—			—	—			(12)			—			(12)

Net investment income	—	—			—	—			—			31,984			31,984
Net realized loss on investments, net of tax, and disposal of fixed assets	—	—			—	—			—			(4,928)			(4,928)
Net unrealized depreciation on investments, net of tax	—	—			—	—			—			(1,437)			(1,437)
Balances at September 30, 2025	56,966,998	$	14,242		—	$	—		$	1,040,244		$	(107,482)		$	947,004
Issuance of common stock	2,490,000	$	622		—	$	—		$	51,134		$	—		$	51,756

Share-based compensation	—	—			—	—			1,290			—			1,290

Common stock withheld for payroll taxes upon vesting of restricted stock	(37)	—			—	—			(1)			—			(1)
Dividends to shareholders	—	—			—	—			—			(37,299)			(37,299)
Change in restoration plan liability	—	—			—	—			(12)			—			(12)
Reclassification for certain permanent book-to-tax differences	—	—			—	—			(35,430)			35,430			—
Net investment income	—	—			—	—			—			36,985			36,985
Net realized loss on investments, net of tax, and extinguishment of debt	—	—			—	—			—			(1,931)			(1,931)
Net unrealized depreciation on investments, net of tax	—	—			—	—			—			(2,158)			(2,158)
Balances at December 31, 2025	59,456,961	$	14,864		—	$	—		$	1,057,225		$	(76,455)		$	995,634

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)
	Nine Months Ended
	December 31,
	2025		2024
Cash flows from operating activities
Net increase in net assets from operations	$	85,516	$	52,987
Adjustments to reconcile net increase in net assets from operations to net cash (used in) provided by operating activities:
Purchases and originations of investments	(524,681)		(466,893)
Proceeds from sales and repayments of debt investments in portfolio companies	273,602		226,909
Proceeds from sales and return of capital of equity investments in portfolio companies	31,520		—

Payment of accreted original issue discounts	2,141		1,839
Payment of accrued payment-in-kind interest	510		23
Depreciation and amortization	5,211		4,193
Net pension benefit	(50)		(49)
Realized (gain) loss on investments before income tax	(17,550)		22,431
Realized loss on extinguishment of debt	2,154		387
Realized loss on disposal of fixed assets	2		9

Net unrealized depreciation on investments before income tax	23,901		11,854
Accretion of discounts on investments	(7,333)		(4,731)
Payment-in-kind interest	(10,137)		(8,804)
Share-based compensation expense	3,703		4,306
Deferred income taxes	(1,753)		3,631
Changes in other assets and liabilities:
Increase in dividend and interest receivable	(6,402)		(5,994)
(Increase) decrease in escrow receivables	(75)		23
Increase in tax receivable	(345)		(332)
Increase in other receivables	(575)		(3,455)
Increase in other assets	(154)		(1,447)
(Decrease) increase in taxes payable	(480)		969

Increase in other liabilities	6,910		3,614
Net cash (used in) provided by operating activities	(134,365)		(158,530)
Cash flows from investing activities
Acquisition of fixed assets	(237)		(1,270)
Net cash used in investing activities	(237)		(1,270)
Cash flows from financing activities
Proceeds from common stock offering	132,661		110,951

Borrowings under Credit Facilities	523,000		274,000
Repayments of Credit Facilities	(552,000)		(231,000)
Debt issuance costs paid	(1,763)		(1,553)
Proceeds from issuance of SBA Debentures	19,513		21,464
Proceeds from issuance of September 2030 Notes	344,208		—
Proceeds from issuance of 2029 Convertible Notes	—		223,100



Redemption of January 2026 Notes	—		(140,000)

Redemption of October 2026 Notes	(150,000)		—
Redemption of August 2028 Notes	(71,875)		—

Dividends to shareholders	(108,683)		(91,560)

Common stock withheld for payroll taxes upon vesting of restricted stock	(1,121)		(1,862)
Net cash provided by financing activities	133,940		163,540
Net (decrease) increase in cash, cash equivalents and restricted cash	(662)		3,740
Cash and cash equivalents at beginning of period	44,871		32,273
Cash, cash equivalents and restricted cash at end of period	$	44,209	$	36,013
Supplemental cash flow disclosures:
Cash paid for income taxes	$	10,046	$	184
Cash paid for interest	41,053		32,494

The following table provides a reconciliation of cash, cash equivalents and restricted cash reported in the Consolidated Statements of Assets and Liabilities that sum to the total of the same such amounts shown in the Consolidated Statements of Cash Flows:


	Nine Months Ended December 31,
	2025		2024
Cash and cash equivalents	$	42,559	$	36,013
Restricted cash	1,650		—
Total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows	$	44,209	$	36,013

The accompanying Notes are an integral part of these Consolidated Financial Statements.

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal		Cost12,17		Fair Value4			% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK






Building & Infrastructure Products
BRANDNER DESIGN, LLC	Revolving Loan	15.99%	SOFR (Q)	12.00%	2.00%	15.99%	4/15/2024	4/13/2029	$	140	$	130	$	99	(7)(10)(16)
	Revolving Loan	18.00%	Fixed				4/15/2024	4/13/2029	300		300		229		(7)(10)(16)
	First Lien	15.99%	SOFR (Q)	12.00%	2.00%	15.99%	4/15/2024	4/13/2029	9,138		9,035		6,780		(7)(16)
	First Lien	8.00%	Fixed			8.00%	11/28/2025	4/13/2029	136		136		136		(7)(16)
											9,601		7,244
Subtotal: Building & Infrastructure Products											9,601		7,244			0.73	%
Business Services
DYNAMIC COMMUNITIES, LLC	First Lien - Term Loan A	11.82%	SOFR (M)	8.00%	2.00%	11.82%	12/20/2022	12/31/2026	5,223		5,212		4,961		(6)
	First Lien - Term Loan B	12.82%	SOFR (M)	9.00%	2.00%		12/20/2022	12/31/2026	4,985		4,963		4,736		(6)
											10,175		9,697




GAINS INTERMEDIATE, LLC	Revolving Loan		SOFR	8.00%	2.00%		12/15/2022	12/15/2027	—		(20)		—
	First Lien - Term Loan A	11.25%	SOFR (Q)	7.00%	2.00%	11.25%	12/15/2022	12/15/2027	7,558		7,486		5,744
	First Lien - Term Loan B	9.25%	SOFR (Q)	5.00%	2.00%	9.25%	12/15/2022	12/15/2027	7,413		7,330		5,160		(16)
											14,796		10,904
IVUEIT, LLC	Revolving Loan		SOFR	6.00%	2.00%		2/3/2025	2/1/2030	—		(8)		—		(6)(10)
	First Lien	9.99%	SOFR (Q)	6.00%	2.00%		2/3/2025	2/1/2030	10,000		9,915		10,000		(6)
	Delayed Draw Term Loan		SOFR	6.00%	2.00%		2/3/2025	2/1/2030	—		—		—		(6)(10)
											9,907		10,000
SPOTLIGHT AR, LLC	Revolving Loan		SOFR	6.75%	1.00%		12/8/2021	6/8/2026	—		(4)		—		(10)
	First Lien	10.89%	SOFR (Q)	6.75%	1.00%		12/8/2021	6/8/2026	4,256		4,246		4,256
											4,242		4,256
US COURTSCRIPT HOLDINGS, INC.	First Lien	10.50%	SOFR (Q)	6.25%	1.00%		5/17/2022	5/17/2027	13,400		13,257		13,159

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
WINTER SERVICES OPERATIONS, LLC	Revolving Loan	11.57%	SOFR (Q)	7.50%	1.00%		11/19/2021	11/19/2027	8,089	7,946	8,089	(10)(20)
	First Lien - Term Loan A	10.75%	SOFR (Q)	6.50%	1.00%		1/16/2024	11/19/2027	14,479	14,313	14,479
	First Lien - Term Loan B	12.75%	SOFR (Q)	8.50%	1.00%		1/16/2024	11/19/2027	14,479	14,317	14,479
	Delayed Draw Term Loan	11.75%	SOFR (Q)	7.50%	1.00%		11/19/2021	11/19/2027	3,748	3,690	3,748
										40,266	40,795
Subtotal: Business Services										92,643	88,811		8.92	%
Commercial Services & Supplies
VP MOVE PURCHASER, INC.	Revolving Loan		SOFR	5.75%	2.00%		2/3/2025	2/4/2030	—	(26)	—	(10)
	First Lien - Term Loan A	8.74%	SOFR (Q)	4.75%	2.00%		2/3/2025	2/4/2030	14,250	14,159	14,107
	First Lien - Term Loan B	10.74%	SOFR (Q)	6.75%	2.00%		2/3/2025	2/4/2030	14,250	14,159	14,107
										28,292	28,214
WHITE PLAINS LINEN LLC	Revolving Loan		SOFR	7.25%	2.00%		8/1/2025	5/1/2030	—	(27)	—	(6)(10)
	First Lien - Term Loan A	10.24%	SOFR (Q)	6.25%	2.00%		8/1/2025	5/1/2030	12,200	12,086	12,078	(6)
	First Lien - Term Loan B	12.24%	SOFR (Q)	8.25%	2.00%		8/1/2025	5/1/2030	12,200	12,086	12,078	(6)
										24,145	24,156
Subtotal: Commercial Services & Supplies										52,437	52,370		5.26	%
Consumer Products
ALLIANCE SPORTS GROUP	Unsecured Convertible Note	6.00%	Fixed			6.00%	7/15/2020	12/31/2026	173	173	173

CLUTCH, INC.	Revolving Loan		SOFR	5.50%	2.00%		11/13/2025	11/13/2030	—	(49)	—	(10)
	First Lien - Term Loan A	8.34%	SOFR (Q)	4.50%	2.00%		11/13/2025	11/13/2030	14,000	13,863	13,863
	First Lien - Term Loan B	9.34%	SOFR (Q)	5.50%	2.00%		11/13/2025	11/13/2030	14,000	13,863	13,863
	First Lien - Term Loan C	10.34%	SOFR (Q)	6.50%	2.00%		11/13/2025	11/13/2030	14,000	13,863	13,863
										41,540	41,589
GRAVITIQ LLC	Revolving Loan		SOFR	7.00%	2.00%		1/17/2025	1/16/2030	—	(40)	—	(6)(10)
	First Lien - Term Loan A	9.99%	SOFR (Q)	6.00%	2.00%		1/17/2025	1/16/2030	14,292	13,519	14,292	(6)
	First Lien - Term Loan B	11.99%	SOFR (Q)	8.00%	2.00%		1/17/2025	1/16/2030	14,292	13,513	14,292	(6)
										26,992	28,584

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
HEAT TRAK, LLC	First Lien - Term Loan A	14.14%	SOFR (Q)	10.00%	2.00%		6/12/2023	6/9/2028	11,500	10,734	10,925


HYBRID PROMOTIONS, LLC	Second Lien	12.24%	SOFR (Q)	8.25%	1.00%		6/30/2021	1/3/2028	15,999	15,880	15,679	(15)
LASH OPCO, LLC	Revolving Loan		SOFR	7.00%	1.00%	2.00%	12/29/2021	9/17/2027	—	(7)	—	(10)
	First Lien	10.94%	SOFR (Q)	7.00%	1.00%	2.00%	12/29/2021	9/17/2027	18,387	18,231	16,916	(20)
										18,224	16,916
REVO BRANDS, INC.	Revolving Loan	11.48%	SOFR (Q)	7.50%	1.50%		2/21/2024	2/21/2029	2,200	2,107	2,067	(10)(20)
	First Lien - Term Loan A	10.49%	SOFR (Q)	6.50%	1.50%		2/21/2024	2/21/2029	10,483	10,335	9,854
	First Lien - Term Loan B	11.49%	SOFR (Q)	7.50%	1.50%		2/21/2024	2/21/2029	10,483	10,334	9,854
	First Lien - Term Loan C	12.49%	SOFR (Q)	8.50%	1.50%		2/21/2024	2/21/2029	10,483	10,333	9,854
										33,109	31,629
TRU FRAGRANCE & BEAUTY LLC	Revolving Loan		SOFR	6.00%	1.50%		3/22/2024	3/21/2029	—	(58)	—	(10)
	First Lien - Term Loan A	8.99%	SOFR (Q)	5.00%	1.50%		3/22/2024	3/21/2029	14,985	14,771	14,985
	First Lien - Term Loan B	10.99%	SOFR (Q)	7.00%	1.50%		3/22/2024	3/21/2029	14,985	14,768	14,985
	First Lien	9.99%	SOFR (Q)	6.00%	1.50%		1/2/2025	3/21/2029	6,000	5,952	6,000
										35,433	35,970

Subtotal: Consumer Products										182,085	181,465		18.23	%
Consumer Services
AIR CONDITIONING SPECIALIST INC.	Revolving Loan	9.26%	SOFR (Q)	5.50%	1.00%		11/9/2021	11/19/2029	1,389	1,378	1,378	(10)(20)
	First Lien	9.38%	SOFR (Q)	5.50%	1.00%		11/9/2021	11/19/2029	20,918	20,717	20,751
	Delayed Draw Term Loan	9.29%	SOFR (Q)	5.50%	1.00%		11/19/2024	11/19/2029	6,128	6,128	6,079	(20)
										28,223	28,208
AMERICAN PET RESORT, LLC	Revolving Loan	9.67%	SOFR (Q)	6.00%	2.00%		12/17/2025	12/17/2030	1,500	1,435	1,435	(10)
	First Lien - Term Loan A	8.67%	SOFR (Q)	5.00%	2.00%		12/17/2025	12/17/2030	13,250	13,135	13,135
	First Lien - Term Loan B	10.67%	SOFR (Q)	7.00%	2.00%		12/17/2025	12/17/2030	13,250	13,135	13,135
	Delayed Draw Term Loan	9.67%	SOFR (Q)	6.00%	2.00%		12/17/2025	12/17/2030	300	280	280	(10)
										27,985	27,985

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
APPLE ROOFING ADMINISTRATIVE SERVICES, LLC (FKA ROOF OPCO, LLC)	Revolving Loan		Fixed			10.00%	8/27/2021	8/31/2029	—	(28)	—	(10)
	First Lien - Term Loan A	10.00%	Fixed			10.00%	8/27/2021	8/31/2029	13,653	13,506	11,891
	First Lien - Term Loan B	10.00%	Fixed			10.00%	4/12/2023	8/31/2029	13,720	13,574	9,247
										27,052	21,138
BETTER THAN HOME, INC.	Revolving Loan		SOFR	5.75%	1.00%		8/8/2025	8/8/2031	—	(21)	—	(10)
	First Lien	9.74%	SOFR (Q)	5.75%	1.00%		8/8/2025	8/8/2031	12,000	11,877	11,916
	Delayed Draw Term Loan	9.61%	SOFR (Q)	5.75%	1.00%		8/8/2025	8/8/2031	8,000	7,912	7,944	(10)(20)
										19,768	19,860
CAMPANY ROOF MAINTENANCE, LLC	Revolving Loan		SOFR	9.00%	1.50%		7/26/2024	11/27/2028	—	(16)	—	(10)
	First Lien	12.82%	SOFR (M)	9.00%	1.50%		7/26/2024	11/27/2028	14,582	14,314	13,124
										14,298	13,124
KINDRED PET SERVICE, LLC (fka RED DOG OPERATIONS HOLDING COMPANY LLC)	Revolving Loan		SOFR	6.50%	2.00%		11/15/2024	11/15/2029	—	(15)	—	(6)(10)
	First Lien	10.49%	SOFR (Q)	6.50%	2.00%		11/15/2024	11/15/2029	10,800	10,708	10,692	(6)
										10,693	10,692
LIFT BRANDS, INC.	Tranche A Term Loan	11.32%	SOFR (M)	7.50%	1.00%		2/1/2024	9/30/2026	2,281	2,281	2,276
	Tranche B Term Loan	9.50%	Fixed			9.50%	2/1/2024	9/30/2026	781	781	744
	Tranche C Loan	—%					2/1/2024	9/30/2026	549	549	523
										3,611	3,543
MAIN LINE BRANDS LLC	Revolving Loan		SOFR	6.00%	2.00%		5/15/2025	5/15/2030	—	(17)	—	(10)
	First Lien	9.99%	SOFR (Q)	6.00%	2.00%		5/15/2025	5/15/2030	10,000	9,910	9,900
										9,893	9,900
POOL SERVICE PARTNERS, INC.	Revolving Loan	10.75%	SOFR (Q)	7.00%	2.00%		12/20/2023	12/20/2028	1,300	1,281	1,286	(6)(10)(20)
	First Lien	10.99%	SOFR (Q)	7.00%	2.00%		12/20/2023	12/20/2028	10,400	10,208	10,286	(6)

										11,489	11,572



TMT BHC BUYER, INC.	Revolving Loan		SOFR	6.00%	1.50%		3/7/2024	3/7/2029	—	(64)	—	(10)
	First Lien	9.99%	SOFR (Q)	6.00%	1.50%		3/7/2024	3/7/2029	16,500	16,266	16,500

										16,202	16,500

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
WASH & WAX SYSTEMS LLC	Revolving Loan	9.28%	SOFR (Q)	5.50%	1.00%		4/30/2025	4/30/2028	293	286	293	(10)(20)
	First Lien	9.34%	SOFR (Q)	5.50%	1.00%		4/30/2025	4/30/2028	6,849	6,744	6,849
	First Lien	12.00%	Fixed			12.00%	4/30/2025	7/30/2028	4,758	4,758	4,758

										11,788	11,900
Subtotal: Consumer Services										181,002	174,422		17.52	%






Distribution
KMS, LLC	Revolving Loan		SOFR	5.50%	1.00%		12/23/2025	9/29/2028	—	(85)	—	(7)(10)(15)
	First Lien	12.50%	Fixed				2/10/2025	9/29/2028	4,590	4,533	4,590	(7)(15)

										4,448	4,590
Subtotal: Distribution										4,448	4,590		0.46	%
Education
MUSIKER DISCOVERY PROGRAMS, INC.	Revolving Loan	11.43%	SOFR (Q)	7.50%	2.00%		10/29/2024	10/29/2029	3,750	3,712	3,713	(10)(20)
	First Lien - Term Loan A	10.49%	SOFR (Q)	6.50%	2.00%		10/29/2024	10/29/2029	11,500	11,405	11,385
	First Lien - Term Loan B	12.49%	SOFR (Q)	8.50%	2.00%		10/29/2024	10/29/2029	11,500	11,406	11,385

										26,523	26,483
STUDENT RESOURCE CENTER LLC	First Lien	8.50%	Fixed			8.50%	12/31/2022	12/30/2027	9,644	9,503	3,761	(6)(16)
Subtotal: Education										36,026	30,244		3.04	%
Energy Services
ACE GATHERING, INC.	First Lien	10.75%	SOFR (Q)	6.50%	2.00%		12/13/2018	12/14/2026	3,323	3,308	3,323	(15)
PIPELINE TECHNIQUE LTD.	Revolving Loan		SOFR	6.75%	1.00%		8/23/2022	6/29/2029	—	(34)	—	(9)(10)(22)
	First Lien	10.78%	SOFR (Q)	6.75%	1.00%		8/23/2022	6/29/2029	8,556	8,439	8,556	(9)(20)(22)
	Delayed Draw Term Loan		SOFR	6.75%	1.00%		12/30/2025	6/29/2029	—	(100)	—	(9)(10)(22)
										8,305	8,556

WELL-FOAM, INC.	Revolving Loan		SOFR	8.00%	1.00%		9/9/2021	9/9/2026	—	(13)	—	(10)
	First Lien	12.14%	SOFR (Q)	8.00%	1.00%		9/9/2021	9/9/2026	10,626	10,589	10,626
										10,576	10,626
Subtotal: Energy Services										22,189	22,505		2.26	%

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
Environmental Services
ARBORWORKS, LLC	Revolving Loan	15.00%	Fixed			15.00%	11/6/2023	11/6/2028	1,784	1,784	1,823	(6)(10)
	First Lien	10.34%	SOFR (M)	6.50%	1.00%	10.34%	11/6/2023	11/6/2028	3,825	3,825	3,787	(6)
										5,609	5,610
ISLAND PUMP AND TANK, LLC	Revolving Loan	11.25%	SOFR (Q)	7.00%	2.00%		3/2/2023	5/17/2029	3,479	3,443	3,270
	First Lien - Term Loan A	10.25%	SOFR (Q)	6.00%	2.00%		2/23/2024	5/17/2029	12,218	12,078	11,485
	First Lien - Term Loan B	11.25%	SOFR (Q)	7.00%	2.00%		2/23/2024	5/17/2029	12,218	12,078	11,485
	First Lien - Term Loan C	12.25%	SOFR (Q)	8.00%	2.00%		2/23/2024	5/17/2029	12,218	12,072	11,485
										39,671	37,725
LIGHTING RETROFIT INTERNATIONAL, LLC	Revolving Loan	7.50%	Fixed				12/31/2021	12/31/2026	—	—	—	(6)(10)
	First Lien	7.50%	Fixed				12/31/2021	12/31/2026	5,000	5,000	4,909	(6)
	Second Lien	10.00%	Fixed			10.00%	12/31/2021	12/31/2027	5,208	5,208	—	(6)(16)
										10,208	4,909
Subtotal: Environmental Services										55,488	48,244		4.85	%
Financial Services
INDINERO GROUP, INC.	Revolving Loan	13.50%	Fixed			1.00%	11/12/2025	11/12/2030	451	441	441	(10)
	First Lien	13.50%	Fixed			1.00%	11/12/2025	11/12/2030	9,500	9,399	9,399
										9,840	9,840
INSURE HOMES CORPORATION	Tranche B Term Loan	11.37%	SOFR (M)	7.50%	2.00%		8/6/2024	8/6/2029	23,750	23,467	23,750
JACKSON HEWITT TAX SERVICE INC.	First Lien	12.49%	SOFR (Q)	8.50%	2.50%		9/14/2023	9/14/2028	10,000	9,906	9,950
NATIONAL CREDIT CARE, LLC	First Lien - Term Loan A	4.50%	Fixed				12/23/2021	2/25/2030	11,250	11,086	10,181	(7)
	First Lien - Term Loan B	4.50%	Fixed				12/23/2021	2/25/2030	11,250	11,084	10,181	(7)
										22,170	20,362



Subtotal: Financial Services										65,383	63,902		6.42	%
Food, Agriculture & Beverage
AMERICAN NUTS OPERATIONS LLC	First Lien - Term Loan A	12.64%	SOFR (Q)	8.50%	1.00%	12.64%	3/28/2025	3/28/2028	6,251	6,251	6,251	(6)
	First Lien - Term Loan B	12.64%	SOFR (Q)	8.50%	1.00%	12.64%	3/28/2025	3/28/2028	6,251	6,251	5,095	(6)
										12,502	11,346

Table of Contents


CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES CONSOLIDATED SCHEDULE OF INVESTMENTS December 31, 2025 (Unaudited) (dollars in thousands)
Portfolio Company1,5,21	Type of Investment2	Current Interest Rate3					Acquisition Date14	Maturity	Principal	Cost12,17	Fair Value4		% of Net Assets
Debt Investments		Coupon	Reference	Spread	Floor	PIK
FOODPHARMA SUBSIDIARY HOLDINGS, LLC	First Lien - Term Loan A	9.89%	SOFR (M)	6.00%	2.00%		6/21/2024	12/31/2026	14,197	14,106	14,197	(20)
	First Lien - Term Loan B	10.89%	SOFR (M)	7.00%	2.00%		6/21/2024	12/31/2026	14,197	14,084	14,197	(20)
	First Lien - Term Loan C	11.89%	SOFR (M)	8.00%	2.00%		6/21/2024	12/31/2026	14,197	14,084	14,197	(20)
										42,274	42,591
GULF PACIFIC ACQUISITION, LLC	Revolving Loan	10.82%	SOFR (M)	7.00%	1.00%		9/30/2022	9/29/2028	454	444	414	(10)(20)
	First Lien	10.82%	SOFR (M)	7.00%	1.00%		9/30/2022	9/29/2028	3,836	3,786	3,495	(20)
										4,230	3,909

MAMMOTH BORROWCO, INC.	Revolving Loan	10.06%	SOFR (Q)	6.25%	1.50%		11/30/2023	11/30/2028	3,100	3,045	2,892	(10)(20)
	First Lien - Term Loan A	9.07%	SOFR (Q)	5.25%	1.50%		11/30/2023	11/30/2028	10,487	10,316	9,785
	First Lien - Term Loan B	11.07%	SOFR (Q)	7.25%	1.50%		11/30/2023	11/30/2028	10,487	10,313	9,795
	Delayed Draw Term Loan	10.05%	SOFR (Q)	6.25%	1.50%		11/30/2023	11/30/2028	2,832	2,775	2,642	(20)
										26,449	25,114
MUENSTER MILLING COMPANY	Revolving Loan		SOFR	9.00%	1.00%		8/10/2021	2/10/2027	—	(20)	—
	First Lien	12.99%	SOFR (Q)	9.00%	1.00%	12.99%	8/10/2021	2/10/2027	24,946	24,798	22,252
	Delayed Draw Term Loan		Fixed			7.00%	10/2/2025	2/10/2027	—	—	—	(10)
										24,778	22,252
NEW SKINNY MIXES, LLC	Revolving Loan		SOFR	8.00%	2.00%		12/21/2022	12/21/2027	—	(32)	—	(10)
	First Lien	12.19%	SOFR (Q)	8.00%	2.00%		12/21/2022	12/21/2027	13,000	12,877	13,000
										12,845	13,000
Subtotal: Food, Agriculture & Beverage										123,078	118,212		11.87	%
Healthcare Equipment & Supplies
CENTRAL MEDICAL SUPPLY LLC	Revolving Loan	10.90%	SOFR (Q)	7.00%	1.00%		5/22/2020	5/22/2028	1,000	978	1,000	(6)(10)
	First Lien	10.99%	SOFR (Q)	7.00%	1.00%		5/22/2020	5/22/2028	20,616	20,469	20,616	(6)

										21,447	21,616
COMMAND GROUP ACQUISITION, LLC	First Lien	10.99%	SOFR (Q)	7.00%	2.00%		2/15/2024	2/15/2029	6,000	5,916	6,000	(6)

Table of Contents

CAPITAL SOUTHWEST CORPORATION AND SUBSIDIARIES
CONSOLIDATED SCHEDULE OF INVESTMENTS
December 31, 2025 (Unaudited)
(dollars in thousands)

Portfolio Company1,5,21

Type of Investment2

Current Interest Rate3

Acquisition Date14

Maturity

Principal

Cost12,17

Fair Value4

% of Net Assets

Debt Investments

Coupon

Reference

Spread

Floor

PIK

CAPITAL SOUTHWEST CORP 10-Q