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 OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Repertoire Master Fund 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)

345 CALIFORNIA STREET, SUITE 600		 3. Date of Earliest Transaction (MM/DD/YYYY)

12/27/2022
(Street)

SAN FRANCISCO, CA 94104		 4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
 6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)        (State)        (Zip)
Rule 10b5-1(c) Transaction Indication
☐ Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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)
Code V Amount (A) or (D) Price
Common Stock 12/27/2022  P  541 A$22 1140797 D  
Common Stock 12/27/2022  P  5000 A$22.0121 1145797 D  
Common Stock 12/28/2022  P  3135 A$21.9502 1148932 D  
Common Stock 12/29/2022  P  366 A$21.9318 1149298 D  
Common Stock 12/29/2022  P  2234 A$21.9318 1151532 D  
Common Stock 12/29/2022  P  743 A$21.9318 1152275 D  
Common Stock 12/30/2022  P  2246 A$22.5996 1154521 D  
Common Stock 12/30/2022  P  13722 A$22.5996 1168243 D  
Common Stock 12/30/2022  P  4559 A$22.5996 1172802 D  
Common Stock 12/30/2022  P  1094 A$22.5208 1173896 D  
Common Stock 12/30/2022  P  6685 A$22.5208 1180581 D  
Common Stock 12/30/2022  P  2221 A$22.5208 1182802 D  
Common Stock 1/3/2023  S  13009 D$22.5322 1169793 D  
Common Stock 1/4/2023  S  600 D$22.5473 1169193 D  
Common Stock 1/4/2023  S  3604 D$22.5473 1165589 D  
Common Stock 1/4/2023  S  1218 D$22.5473 1164371 D  
Common Stock 1/5/2023  P  276 A$22.3556 1164647 D  
Common Stock 1/5/2023  P  1662 A$22.3556 1166309 D  
Common Stock 1/5/2023  P  562 A$22.3556 1166871 D  
Common Stock 1/6/2023  P  308 A$22.25 1167179 D  
Common Stock 1/6/2023  P  1855 A$22.25 1169034 D  
Common Stock 1/6/2023  P  627 A$22.25 1169661 D  
Common Stock 1/6/2023  P  254 A$22.2748 1169915 D  
Common Stock 1/6/2023  P  1529 A$22.2748 1171444 D  
Common Stock 1/6/2023  P  517 A$22.2748 1171961 D  
Common Stock 1/9/2023  P  200 A$22.3 1172161 D  
Common Stock 1/11/2023  P  269 A$22.3 1172430 D  
Common Stock 1/11/2023  P  1615 A$22.3 1174045 D  
Common Stock 1/11/2023  P  546 A$22.3 1174591 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)		2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:

Remarks:
The transactions in the Issuer's common stock reported herein and in additional Form 4's being filed by the reporting person on this date were matchable under Section 16(b) of the Securities Exchange Act of 1934. Repertoire Master Fund LP has agreed to pay to the Issuer the aggregate profit in the amount of $302,114.78 realized in connection with these transactions.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Repertoire Master Fund LP
345 CALIFORNIA STREET, SUITE 600
SAN FRANCISCO, CA 94104
X
Signatures
/s/ Deepak Sarpangal, Managing Member of the General Partner of Repertoire Master Fund LP5/2/2023
**Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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