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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).