XML 51 R43.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Fair Value of Financial Instruments - Summary of Investments, Cash and Cash Equivalents, Credit Facility, or Prior Credit Facility, Notes and Asset Backed Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2024
Sep. 30, 2023
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments $ 1,658,944 $ 1,067,174
Cash and cash equivalents 84,590 100,555
Total investments and cash and cash equivalents 1,743,534 1,167,729
Credit Facility payable 218,862 9,400
Total debt 896,381 495,432
2023 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt   76,219
2026 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 183,637 [1] 183,054 [2]
2031 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 209,931 [1] 226,759 [2]
2036 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [1] 283,951  
First lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 1,449,206 906,166
Second lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 150 149
Subordinate debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 1,003  
Equity    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 208,585 160,859
Level 1    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Cash and cash equivalents 84,590 100,555
Total investments and cash and cash equivalents 84,590 100,555
Credit Facility payable 0 0
Total debt 0 0
Level 1 | 2023 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt   0
Level 1 | 2026 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1] 0 [2]
Level 1 | 2031 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1] 0 [2]
Level 1 | 2036 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [1] 0  
Level 1 | First lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 1 | Second lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 1 | Subordinate debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0  
Level 1 | Equity    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 2    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Cash and cash equivalents 0 0
Total investments and cash and cash equivalents 0 0
Credit Facility payable 0 0
Total debt 183,637 183,054
Level 2 | 2023 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt   0
Level 2 | 2026 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 183,637 [1] 183,054 [2]
Level 2 | 2031 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1] 0 [2]
Level 2 | 2036 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [1] 0  
Level 2 | First lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 2 | Second lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 2 | Subordinate debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0  
Level 2 | Equity    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 0
Level 3    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 1,590,101 1,006,948
Cash and cash equivalents 0 0
Total investments and cash and cash equivalents 1,590,101 1,006,948
Credit Facility payable 218,862 9,400
Total debt 712,744 312,378
Level 3 | 2023 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt   76,219
Level 3 | 2026 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1] 0 [2]
Level 3 | 2031 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 209,931 [1] 226,759 [2]
Level 3 | 2036 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [1] 283,951  
Level 3 | First lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 1,449,206 906,166
Level 3 | Second lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 150 149
Level 3 | Subordinate debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 1,003  
Level 3 | Equity    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 139,742 100,633
Measured at Net Asset Value    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 68,843 [3] 60,226 [4]
Cash and cash equivalents 0 [3] 0 [4]
Total investments and cash and cash equivalents 68,843 [3] 60,226 [4]
Credit Facility payable 0 [3] 0 [4]
Total debt 0 [3] 0 [4]
Measured at Net Asset Value | 2023 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [4]   0
Measured at Net Asset Value | 2026 Notes Payable    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1],[3] 0 [2],[4]
Measured at Net Asset Value | 2031 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt 0 [1],[3] 0 [2],[4]
Measured at Net Asset Value | 2036 Asset-Backed Debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total debt [1],[3] 0  
Measured at Net Asset Value | First lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 [3] 0 [4]
Measured at Net Asset Value | Second lien    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments 0 [3] 0 [4]
Measured at Net Asset Value | Subordinate debt    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments [3] 0  
Measured at Net Asset Value | Equity    
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]    
Total investments $ 68,843 [3] $ 60,226 [4]
[1] We elected not to apply the fair value option allowed by ASC 825-10 to the 2026 Notes, 2031 Asset-Backed Debt, and 2036 Asset-Backed Debt and thus the balance reported in the Consolidated Statement of Assets and Liabilities represents the carrying value, which approximates the fair value.
[2] We elected not to apply the fair value option allowed by ASC 825-10 to the 2026 Notes and the 2031 Asset-Backed Debt and thus the balance reported in the Consolidated Statement of Assets and Liabilities represents the carrying value, which approximates the fair value.
[3] In accordance with ASC Subtopic 820-10, Fair Value Measurements and Disclosures, or ASC 820-10, our equity investment in PSSL and PTSF are measured using the net asset value per share (or its equivalent) as a practical expedient for fair value, and thus have not been classified in the fair value hierarchy.
[4] In accordance with ASC Subtopic 820-10, Fair Value Measurements and Disclosures, or ASC 820-10, our equity investment in PSSL and PTSF is measured using the net asset value per share (or its equivalent) as a practical expedient for fair value, and thus has not been classified in the fair value hierarchy.