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v3.23.1

Schedule of Investments in and Advances to Affiliates (Tables) | 12 Months Ended
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Mar. 31, 2023
Investments in and Advances to Affiliates [Abstract] |
Schedule of Investments in and Advances to Affiliates | SCHEDULE 12-14 Schedule of Investments in and Advances to Affiliates (In thousands)
Portfolio Company | Type of Investment (1) | March 31, 2023 Principal Amount - Debt Investments |  | Amount of Interest or Dividends Credited in Income (2) |  | Fair Value at March 31, 2022 |  | Gross Additions (3) |  | Gross Reductions (4) |  | Amount of Realized Gain/(Loss) (5) |  | Amount of Unrealized Gain/(Loss) |  | Fair Value at March 31, 2023
Control Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
I-45 SLF LLC | 80% LLC equity interest | $ | — |  |  | $ | 7,337 |  |  | $ | 57,603 |  |  | $ | 4,800 |  |  | $ | — |  |  | $ | — |  |  | $ | (11,147) |  |  | $ | 51,256 |
Total Control Investments |  | $ | — |  |  | $ | 7,337 |  |  | $ | 57,603 |  |  | $ | 4,800 |  |  | $ | — |  |  | $ | — |  |  | $ | (11,147) |  |  | $ | 51,256 |
Affiliate Investments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Air Conditioning Specialists, Inc. | Revolving Loan | $ | 800 |  |  | $ | 15 |  |  | $ | — |  |  | $ | 1,384 |  |  | $ | (600) |  |  | $ | — |  |  | $ | 16 |  |  | $ | 800 |
| First Lien | 27,438 |  |  | 1,905 |  |  | 12,535 |  |  | 14,574 |  |  | (170) |  |  | — |  |  | 499 |  |  | 27,438 |
| 766,738.93 Preferred Units | — |  |  | — |  |  | 634 |  |  | 186 |  |  | — |  |  | — |  |  | 382 |  |  | 1,202 |
Catbird NYC, LLC | Revolving Loan | — |  |  | 36 |  |  | — |  |  | 16 |  |  | — |  |  | — |  |  | (16) |  |  | — |
| First Lien | 15,500 |  |  | 1,635 |  |  | 15,884 |  |  | 59 |  |  | (400) |  |  | — |  |  | (43) |  |  | 15,500 |
| 1,000,000 Class A Units | — |  |  | 88 |  |  | 1,221 |  |  | — |  |  | — |  |  | — |  |  | 437 |  |  | 1,658 |
| 500,000 Class B Units | — |  |  | 53 |  |  | 572 |  |  | — |  |  | — |  |  | — |  |  | 142 |  |  | 714 |
Central Medical Supply LLC | Revolving Loan | 300 |  |  | 49 |  |  | 290 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  | 296 |
| First Lien | 7,500 |  |  | 950 |  |  | 7,260 |  |  | 29 |  |  | — |  |  | — |  |  | 113 |  |  | 7,402 |
| Delayed Draw Term Loan | 100 |  |  | 25 |  |  | 97 |  |  | 6 |  |  | — |  |  | — |  |  | (4) |  |  | 99 |
| 1,380,500 Preferred Units | — |  |  | — |  |  | 641 |  |  | — |  |  | — |  |  | — |  |  | (284) |  |  | 357 |
Chandler Signs, LLC | 1,500,000 units of Class A-1 common stock | — |  |  | — |  |  | 924 |  |  | — |  |  | — |  |  | — |  |  | 2,291 |  |  | 3,215 |
Delphi Intermediate Healthco LLC | First Lien | 1,649 |  |  | 108 |  |  | 1,402 |  |  | 108 |  |  | — |  |  | — |  |  | (1,510) |  |  | — |
| First Lien | 1,829 |  |  | 98 |  |  | 1,472 |  |  | 97 |  |  | — |  |  | — |  |  | (1,569) |  |  | — |
| Protective Advance | 1,448 |  |  | 79 |  |  | 526 |  |  | 922 |  |  | — |  |  | — |  |  | (1,448) |  |  | — |
| 1,681.04 Common Units | — |  |  | — |  |  | 2,460 |  |  | — |  |  | — |  |  | — |  |  | (2,460) |  |  | — |
Portfolio Company | Type of Investment (1) | March 31, 2023 Principal Amount - Debt Investments |  | Amount of Interest or Dividends Credited in Income (2) |  | Fair Value at March 31, 2022 |  | Gross Additions (3) |  | Gross Reductions (4) |  | Amount of Realized Gain/(Loss) (5) |  | Amount of Unrealized Gain/(Loss) |  | Fair Value at March 31, 2023
Dynamic Communities, LLC | Revolving Loan | — |  |  | 1 |  |  | — |  |  | — |  |  | — |  |  | 1 |  |  | (1) |  |  | — |
| First Lien | — |  |  | 286 |  |  | 10,323 |  |  | 12 |  |  | (11,159) |  |  | — |  |  | 824 |  |  | — |
| First Lien - Term Loan A | 3,846 |  |  | 249 |  |  | — |  |  | 9,554 |  |  | (4,604) |  |  | (1,124) |  |  | (3) |  |  | 3,823 |
| First Lien - Term Loan B | 3,867 |  |  | 118 |  |  | — |  |  | 9,423 |  |  | (4,484) |  |  | (1,095) |  |  | (1) |  |  | 3,843 |
| Senior subordinated debt | — |  |  | 41 |  |  | 650 |  |  | 41 |  |  | (587) |  |  | (104) |  |  | — |  |  | — |
| 2,000,000 Preferred units | — |  |  | — |  |  | 1,274 |  |  | — |  |  | — |  |  | (2,000) |  |  | 726 |  |  | — |
| 250,000 Class A Preferred units | — |  |  | — |  |  | — |  |  | 250 |  |  | — |  |  | — |  |  | 375 |  |  | 625 |
| 5,435,211.03 Class B Preferred units | — |  |  | — |  |  | — |  |  | 2,218 |  |  | — |  |  | — |  |  | — |  |  | 2,218 |
| 255,984.22 Class C Preferred units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 2,500,000 Common units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
GPT Industries, LLC | Revolving loan | — |  |  | 5 |  |  | — |  |  | (58) |  |  | — |  |  | — |  |  | 58 |  |  | — |
| First lien | 6,150 |  |  | 148 |  |  | — |  |  | 6,030 |  |  | — |  |  | — |  |  | — |  |  | 6,030 |
| 1,000,000 Class A Preferred Units | — |  |  | — |  |  | — |  |  | 1,000 |  |  | — |  |  | — |  |  | — |  |  | 1,000 |
GrammaTech, Inc. | Revolving Loan | — |  |  | 10 |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | (9) |  |  | — |
| First Lien | 10,031 |  |  | 1,336 |  |  | 9,775 |  |  | 67 |  |  | (1,500) |  |  | 15 |  |  | 1,674 |  |  | 10,031 |
| 1,000 Class A units | — |  |  | — |  |  | 674 |  |  | — |  |  | — |  |  | — |  |  | (674) |  |  | — |
| 360.06 Class A-1 units | — |  |  | — |  |  | 38 |  |  | 304 |  |  | — |  |  | — |  |  | 30 |  |  | 372 |
ITA Holdings Group, LLC | Revolving loan | 7,000 |  |  | 786 |  |  | 750 |  |  | 6,241 |  |  | — |  |  | — |  |  | 23 |  |  | 7,014 |
| First Lien - Term Loan | 10,114 |  |  | 1,232 |  |  | 10,041 |  |  | 98 |  |  | — |  |  | — |  |  | (25) |  |  | 10,114 |
| First Lien - Term Loan B | 5,057 |  |  | 766 |  |  | 5,061 |  |  | 47 |  |  | — |  |  | — |  |  | (40) |  |  | 5,068 |
| First Lien - PIK Note A | 3,271 |  |  | 545 |  |  | 2,959 |  |  | 538 |  |  | — |  |  | — |  |  | (242) |  |  | 3,255 |
| First Lien - PIK Note B | 129 |  |  | 13 |  |  | 117 |  |  | 12 |  |  | — |  |  | — |  |  | (1) |  |  | 128 |
| Warrants | — |  |  | — |  |  | 3,199 |  |  | — |  |  | — |  |  | — |  |  | 847 |  |  | 4,046 |
| 9.25% Class A membership interest | — |  |  | — |  |  | 3,063 |  |  | — |  |  | — |  |  | — |  |  | 1,285 |  |  | 4,348 |
Portfolio Company | Type of Investment (1) | March 31, 2023 Principal Amount - Debt Investments |  | Amount of Interest or Dividends Credited in Income (2) |  | Fair Value at March 31, 2022 |  | Gross Additions (3) |  | Gross Reductions (4) |  | Amount of Realized Gain/(Loss) (5) |  | Amount of Unrealized Gain/(Loss) |  | Fair Value at March 31, 2023
Lighting Retrofit International, LLC (DBA Envocore) | Revolving Loan | — |  |  | 34 |  |  | — |  |  | 833 |  |  | (833) |  |  | — |  |  | — |  |  | — |
| First Lien | 5,143 |  |  | 393 |  |  | 4,780 |  |  | — |  |  | (53) |  |  | — |  |  | 416 |  |  | 5,143 |
| Second Lien | 5,208 |  |  | — |  |  | 3,104 |  |  | — |  |  | — |  |  | — |  |  | 490 |  |  | 3,594 |
| 208,333.3333 Series A Preferred units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
| 203,124.9999 Common units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Outerbox, LLC | Revolving Loan | — |  |  | 9 |  |  | — |  |  | (25) |  |  | — |  |  | — |  |  | 25 |  |  | — |
| First Lien | 14,625 |  |  | 982 |  |  | — |  |  | 14,429 |  |  | — |  |  | — |  |  | 123 |  |  | 14,552 |
| 6,308.2584 Class A common units | — |  |  | — |  |  | — |  |  | 631 |  |  | — |  |  | — |  |  | 142 |  |  | 773 |
Roseland Management, LLC | Revolving Loan | 575 |  |  | 81 |  |  | 575 |  |  | 2 |  |  | — |  |  | — |  |  | (22) |  |  | 555 |
| First Lien | 15,051 |  |  | 1,883 |  |  | 14,125 |  |  | 1,132 |  |  | (145) |  |  | — |  |  | (588) |  |  | 14,524 |
| 3,364 Class A-2 Units | — |  |  | — |  |  | — |  |  | 202 |  |  | — |  |  | — |  |  | 492 |  |  | 694 |
| 1,100 Class A-1 units | — |  |  | — |  |  | — |  |  | 66 |  |  | — |  |  | — |  |  | 95 |  |  | 161 |
| 16,084 Class A units | — |  |  | — |  |  | 1,905 |  |  | — |  |  | — |  |  | — |  |  | (1,483) |  |  | 422 |
SIMR, LLC | First Lien | — |  |  | — |  |  | 10,588 |  |  | 191 |  |  | (13,081) |  |  | (211) |  |  | 2,513 |  |  | — |
| First Lien - Incremental | — |  |  | — |  |  | — |  |  | 191 |  |  | (191) |  |  | — |  |  | — |  |  | — |
| 9,374,510.2 Class B Common Units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (6,107) |  |  | 6,107 |  |  | — |
| 904,903.31 Class W Units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Sonobi, Inc. | 500,000 Class A Common units | — |  |  | — |  |  | 2,960 |  |  | — |  |  | — |  |  | — |  |  | (1,211) |  |  | 1,749 |
STATinMED, LLC | First Lien | 7,288 |  |  | 699 |  |  | — |  |  | 7,479 |  |  | (191) |  |  | — |  |  | — |  |  | 7,288 |
| Delayed Draw Term Loan | 122 |  |  | 6 |  |  | — |  |  | 121 |  |  | — |  |  | — |  |  | 1 |  |  | 122 |
| 4,718.62 Class A Preferred Units | — |  |  | — |  |  | — |  |  | 4,838 |  |  | — |  |  | — |  |  | (1,071) |  |  | 3,767 |
| 39,097.96 Class B Preferred Units | — |  |  | — |  |  | — |  |  | 1,400 |  |  | — |  |  | — |  |  | (1,400) |  |  | — |
Portfolio Company | Type of Investment (1) | March 31, 2023 Principal Amount - Debt Investments |  | Amount of Interest or Dividends Credited in Income (2) |  | Fair Value at March 31, 2022 |  | Gross Additions (3) |  | Gross Reductions (4) |  | Amount of Realized Gain/(Loss) (5) |  | Amount of Unrealized Gain/(Loss) |  | Fair Value at March 31, 2023
Student Resource Center LLC | First Lien | 8,889 |  |  | 195 |  |  | — |  |  | 8,727 |  |  | — |  |  | — |  |  | (7) |  |  | 8,720 |
| 10,502,487.46 Preferred units | — |  |  | — |  |  | — |  |  | 5,845 |  |  | — |  |  | — |  |  | — |  |  | 5,845 |
| 2,000,000 Preferred units | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Total Affiliate Investments |  | $ | 162,930 |  |  | $ | 14,859 |  |  | $ | 131,879 |  |  | $ | 99,235 |  |  | $ | (37,998) |  |  | (10,625) |  |  | $ | 6,014 |  |  | $ | 188,505 |
Total Control & Affiliate Investments |  | $ | 162,930 |  |  | $ | 22,196 |  |  | $ | 189,482 |  |  | $ | 104,035 |  |  | $ | (37,998) |  |  | $ | (10,625) |  |  | $ | (5,133) |  |  | $ | 239,761 |
(1)The principal amount and ownership detail as shown in the Consolidated Schedules of Investments. (2)Represents the total amount of interest or dividends credited to income for the portion of the year an investment was included in the Control or Affiliate categories, respectively. (3)Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments, accrued PIK interest, and accretion of OID. Gross additions also include movement of an existing portfolio company into this category and out of a different category. (4)Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include movement of an existing portfolio company out of this category and into a different category. (5)The schedule does not reflect realized gains or losses on escrow receivables for investments which were previously exited and were not held during the period presented. Gains and losses on escrow receivables are classified in the Consolidated Statements of Operations according to the control classification at the time the investment was exited.

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- Definition A tabular presentation of the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates, as prescribed by the SEC. It reflects specified information about ownership, financial results from, and financial position in such entities. Includes the tabular presentations that disaggregate investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. + References No definition available. + Details
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