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v3.22.2.2

Consolidated Statements of Assets and Liabilities - USD ($) $ in Thousands | Sep. 30, 2022 | Sep. 30, 2021
--- | --- | ---
Investments at fair value |  |  |
Investments at fair value | $ 1,164,254 | [1],[2],[3] | $ 1,081,619
Cash and cash equivalents (cost-$47,917 and $49,826, respectively) | 47,880 |  | 49,826
Interest receivable | 7,543 |  | 5,446
Receivable for investments sold | 3,441 |  | 33,965
Prepaid expenses and other assets | 748 |  |
Total assets | 1,223,866 |  | 1,170,856
Liabilities |  |  |
Distributions payable | 4,308 |  | 3,690
Payable for investments purchased |  |  | 13,546
Credit Facility payable, at fair value (cost-$168,830 and $219,400, respectively) (See Notes 5 and 11) | 167,563 |  | 218,851
2031 Asset-Backed Debt, net (par-$228,000) (See Notes 5 and 11) | 226,128 |  | 225,497
Interest payable on debt | 8,163 |  | 5,455
Base management fee payable (See Note 3) | 3,027 |  | 2,707
Performance-based incentive fee payable (See Note 3) | 3,164 |  | 624
Accrued other expenses | 765 |  | 1,590
Deferred tax liability | 4,568 |  |
Total liabilities | 696,774 |  | 680,245
Commitments and contingencies (See Note 12) |  |  |
Net assets |  |  |
Common stock, 45,345,638 and 38,880,728 shares issued and outstanding, respectively Par value $0.001 per share and 100,000,000 shares authorized | 45 |  | 39
Paid-in capital in excess of par value | 618,028 |  | 538,814
Accumulated deficit | (90,981) |  | (48,242)
Total net assets | 527,092 |  | 490,611
Total liabilities and net assets | $ 1,223,866 |  | $ 1,170,856
Net asset value per share | $ 11.62 |  | $ 12.62
2023 Notes Payable |  |  |
Liabilities |  |  |
Notes payable, net | $ 96,812 |  | $ 111,114
2026 Notes Payable |  |  |
Liabilities |  |  |
Notes payable, net | 182,276 |  | 97,171
Non-controlled, Non-affiliated Investments |  |  |
Investments at fair value |  |  |
Investments at fair value | 893,249 |  | 856,806
Non-controlled, Affiliated Investments |  |  |
Investments at fair value |  |  |
Investments at fair value |  |  | 7,433
Controlled, Affiliated Investments |  |  |
Investments at fair value |  |  |
Investments at fair value | $ 271,005 |  | $ 217,380
[1] | The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[2] | The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[3] | Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5).

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