Repertoire Master Fund LP Form 4 Filed 2023-10-05

FORM 4

☐	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person ^*

Repertoire Partners LP

2. Issuer Name and Ticker or Trading Symbol
Portman Ridge Finance Corp [PTMN]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

(Last)

(First)

(Middle)

31 HUDSON YARDS, 11TH FLOOR SUITE #43

3. Date of Earliest Transaction (Month/Day/Year)
10/02/2023

(Street)

NEW YORK, NY 10001

(City)

(State)

(Zip)

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check applicable line)

______ Form Filed by One Reporting Person
__X__ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/02/2023		J⁽¹⁾		451,411	D	$ 0	632,414⁽²⁾	I	See note⁽⁴⁾
Common Stock	10/02/2023		J⁽¹⁾		451,411	A	$ 0	451,411⁽³⁾	I	See note⁽⁴⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Repertoire Partners LP 31 HUDSON YARDS 11TH FLOOR SUITE #43 NEW YORK, NY 10001		X
Repertoire Master Fund LP 345 CALIFORNIA STREET, SUITE 600 SAN FRANCISCO, CA 94104		X

Explanation of Responses:

1.	Repertoire Master Fund LP (the "Master Fund") distributed these shares in kind to Repertoire Supplement Z LP, a liquidating fund formed for certain investors withdrawing from the Master Fund (the "Liquidating Fund"). Following this distribution, the Master Fund beneficially owns less than 10% of the outstanding shares of the issuer.
2.	These securities are held directly by the Master Fund.
3.	These securities are held directly by the Liquidating Fund.
4.	Repertoire Partners LP ("Repertoire") is the investment adviser to the Master Fund and the Liquidating Fund (the "Funds"). Repertoire Holdings LLC ("Holdings") is the general partner of the Funds. Deepak Sarpangal is the control person of Repertoire and Holdings. The securities may be deemed to be beneficially owned by Repertoire as the investment adviser to the Funds, by Holdings as the general partner of the Funds and by Mr. Sarpangal as the control person of Repertoire and Holdings. Each of Repertoire, Holdings and Mr. Sarpangal disclaims beneficial ownership of such securities except to the extent of that person's pecuniary interest therein.
Remarks: Repertoire is filing this Form 4 on behalf of itself, Holdings and Mr. Sarpangal. The filers are filing this Form jointly, but not as a group, and each expressly disclaims membership in a group.

	Signatures
	/s/ Deepak Sarpangal, Managing Member of the general partner of Repertoire Master Fund LP	10/05/2023
	/s/ Deepak Sarpangal, Managing Member of the general partner of Repertoire Partners LP	10/05/2023
	** Signature of Reporting Person	Date
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