XML 26 R17.htm IDEA: XBRL DOCUMENT
v3.25.2

Transactions with Affiliated Companies | 9 Months Ended
--- | ---
Jun. 30, 2025
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 less than 25% 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 nine months ended June 30, 2025 and 2024 were as follows ($ in thousands):
Name of Investment |  | Fair Value at September 30, 2024 |  | Gross Additions |  | Gross Reductions |  | Net Change in Unrealized Appreciation (Depreciation) |  | Fair Value at June 30, 2025 |  | Interest Income |  | Dividend/ Other Income |  | Net Realized Gains (Losses)
Controlled Affiliates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketplace Events, LLC** |  | $57,107 |  | $4,214 |  | $(36,984) |  | $(24,337) |  | $— |  | 5,062 |  | $306 |  | $22,811
PennantPark Senior Secured Loan Fund I LLC * |  | 294,128 |  | 21,875 |  | — |  | (25,064) |  | 290,939 |  | 22,464 |  | 12,688 |  | —
Total Controlled Affiliates |  | $351,235 |  | $26,089 |  | $(36,984) |  | $(49,401) |  | $290,939 |  | $27,526 |  | $12,994 |  | $22,811
* 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 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. ** Marketplace was sold during the Q1 2025 quarter.
Name of Investment |  | Fair Value at September 30, 2023 |  |  | Gross Additions |  |  | Sale of/ Distribution from Affiliates |  |  | Net Change in Unrealized Appreciation (Depreciation) |  |  | Fair Value at June 30, 2024 |  |  | Interest Income |  |  | Dividend/ Other Income |  |  | Net Realized Gains (Losses) |
Controlled Affiliates |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketplace Events, LLC |  | $ | 34,027 |  |  | $ | 7,602 |  |  | $ | — |  |  | $ | 5,868 |  |  | $ | 47,497 |  |  | $ | 3,755 |  |  | $ | 130 |  |  | $ | — |
PennantPark Senior Secured |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan Fund I LLC * |  |  | 260,969 |  |  |  | 39,375 |  |  |  | — |  |  |  | (3,349 | ) |  |  | 296,995 |  |  |  | 21,840 |  |  |  | 10,938 |  |  |  | — |
Total Controlled Affiliates |  | $ | 294,996 |  |  | $ | 46,977 |  |  | $ | — |  |  | $ | 2,519 |  |  | $ | 344,492 |  |  | $ | 25,595 |  |  | $ | 11,068 |  |  | $ | — |
* 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 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.

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for the information summarizing investments in and advances to majority-owned subsidiaries, other controlled companies, and other affiliates. It reflects specified information about ownership, financial results from, and financial position in such entities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column E)(Footnote 6)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 320 -Name Accounting Standards Codification -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14(Column A)(Footnote 1)(b)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477271/946-320-S99-6 + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesScheduleOfInvestmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration