v3.25.4
FAIR VALUE MEASUREMENTS - Changes in Fair Value of Investments Measured Using Level 3 Inputs (Details) - USD ($)
$ in Thousands
9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Total Investments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance $ 1,785,299 $ 1,476,561
Realized & Unrealized Gains (Losses) (6,246) (33,341)
Purchases of Investments 535,471 478,033
Repayments (245,931) (201,463)
PIK Interest Capitalized 10,137 8,804
Divestitures (65,525) (27,308)
Conversion/Exchange of Security 0 0
Fair value. ending balance 2,013,205 1,701,286
YTD Unrealized Appreciation (Depreciation) on Investments held at period end 1,755 (19,440)
First lien loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 1,586,622 1,309,449
Realized & Unrealized Gains (Losses) (27,555) (39,763)
Purchases of Investments 523,371 466,533
Repayments (245,785) (197,759)
PIK Interest Capitalized 10,129 8,720
Divestitures (30,362) (27,308)
Conversion/Exchange of Security (3,951) (4,730)
Fair value. ending balance 1,812,469 1,515,142
YTD Unrealized Appreciation (Depreciation) on Investments held at period end (23,636) (28,533)
Second lien loans    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 18,066 33,774
Realized & Unrealized Gains (Losses) (1,255) (3,011)
Purchases of Investments 39 18
Repayments 0 (3,629)
PIK Interest Capitalized 0 70
Divestitures 0 0
Conversion/Exchange of Security 0 (1,062)
Fair value. ending balance 16,850 26,160
YTD Unrealized Appreciation (Depreciation) on Investments held at period end (1,256) (1,130)
Subordinated debt    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 1,218 1,336
Realized & Unrealized Gains (Losses) 2 43
Purchases of Investments 57 57
Repayments (146) (75)
PIK Interest Capitalized 8 14
Divestitures 0 0
Conversion/Exchange of Security 0 (153)
Fair value. ending balance 1,139 1,222
YTD Unrealized Appreciation (Depreciation) on Investments held at period end 2 34
Preferred equity    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 102,918 71,127
Realized & Unrealized Gains (Losses) (5,908) 7,359
Purchases of Investments 4,049 6,730
Repayments 0 0
PIK Interest Capitalized 0 0
Divestitures (31,323) 0
Conversion/Exchange of Security (688) 0
Fair value. ending balance 69,048 85,216
YTD Unrealized Appreciation (Depreciation) on Investments held at period end (1,523) 7,359
Common equity & warrants    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 76,475 60,875
Realized & Unrealized Gains (Losses) 28,185 2,031
Purchases of Investments 4,498 4,695
Repayments 0 0
PIK Interest Capitalized 0 0
Divestitures (3,840) 0
Conversion/Exchange of Security 4,639 5,945
Fair value. ending balance 109,957 73,546
YTD Unrealized Appreciation (Depreciation) on Investments held at period end 27,883 $ 2,830
Earnout    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]    
Fair value, beginning balance 0  
Realized & Unrealized Gains (Losses) 285  
Purchases of Investments 3,457  
Repayments 0  
PIK Interest Capitalized 0  
Divestitures 0  
Conversion/Exchange of Security 0  
Fair value. ending balance 3,742  
YTD Unrealized Appreciation (Depreciation) on Investments held at period end $ 285