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Transactions with Affiliated Companies
 12 Months Ended
Sep. 30, 2022
Investments In And Advances To Affiliates [Abstract]  
Transactions with Affiliated Companies

6. TRANSACTIONS WITH AFFILIATED COMPANIES

An affiliated portfolio company is a company in which we have ownership of 5% or more of its voting securities. A portfolio company is generally presumed to be a non-controlled affiliate when we own at least 5% but 25% or less of its voting securities and a controlled affiliate generally when we own more than 25% of its voting securities. Transactions related to our funded investments with both controlled and non-controlled affiliates for the year ended September 30, 2022 were as follows ($ in thousands):

 

Name of Investment

 

Fair Value at September 30, 2021

 

 

Gross Additions

 

 

Sale of/ Distribution from Affiliates

 

 

Net Change in
Unrealized
Appreciation
(Depreciation)

 

 

Fair Value at September 30, 2022

 

 

Interest Income

 

 

Dividend/Other Income

 

 

Net Realized
Gains (Losses)

 

Non-Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DBI Holding, LLC

 

$

7,433

 

 

$

—

 

 

$

(22,380

)

 

$

14,947

 

 

$

—

 

 

$

112

 

 

$

—

 

 

$

(22,380

)

Country Fresh Holding
   Company Inc.

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

65

 

 Total Non-Controlled
   Affiliates

 

$

7,433

 

 

$

—

 

 

$

(22,380

)

 

$

14,947

 

 

$

—

 

 

$

112

 

 

$

—

 

 

$

(22,315

)

Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketplace Events, LLC

 

$

31,649

 

 

$

636

 

 

$

—

 

 

$

(895

)

 

$

31,390

 

 

$

1,439

 

 

$

—

 

 

$

—

 

PennantPark Senior Secured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fund I LLC *

 

 

185,731

 

 

 

70,438

 

 

 

—

 

 

 

(16,554

)

 

 

239,615

 

 

 

15,285

 

 

 

13,650

 

 

 

—

 

Total Controlled Affiliates

 

$

217,380

 

 

$

71,074

 

 

$

—

 

 

$

(17,450

)

 

$

271,005

 

 

$

16,724

 

 

$

13,650

 

 

$

—

 

Total Controlled and
   Non-Controlled Affiliates

 

$

224,813

 

 

$

71,074

 

 

$

(22,380

)

 

$

(2,503

)

 

$

271,005

 

 

$

16,836

 

 

$

13,650

 

 

$

(22,315

)

 

* We and Kemper are the members of PSSL, a joint venture formed as a Delaware limited liability company that is not consolidated by us for financial reporting purposes. The members of PSSL make investments in the PSSL in the form of first lien secured debt and equity interests, and all portfolio and other material decisions regarding PSSL must be submitted to PSSL’s board of directors or investment committee, both of which are comprised of two members appointed by each of us and Kemper. Because management of PSSL is shared equally between us and Kemper, we do not believe we control PSSL for purposes of the 1940 Act or otherwise.