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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Sep. 30, 2024
Investments at fair value    
Total investments $ 2,403,515 [1] $ 1,983,504 [2],[3],[4],[5]
Cash and cash equivalents 102,730 112,050
Interest receivable 11,935 12,167
Distributions receivable 1,269 635
Prepaid expenses and other assets 1,990 198
Total assets 2,521,602 2,108,845
Liabilities    
Credit Facility payable, at fair value (cost-$298,855 and $443,855, respectively) 298,865 443,880
Payable for investments purchased 0 20,363
Interest payable on debt 18,676 14,645
Distributions payable 10,170 7,834
Base management fee payable 5,929 4,588
Incentive fee payable 5,396 3,189
Accounts payable and accrued expenses 1,667 2,187
Deferred tax liability 890 1,712
Total liabilities 1,434,089 1,231,551
Commitments and contingencies (See Note 11)
Net assets    
Common stock, 99,217,896 and 77,579,896 shares issued and outstanding, respectively Par value $0.001 per share and 200,000,000 shares authorized 99 78
Paid-in capital in excess of par value 1,221,478 976,744
Accumulated deficit (134,064) (99,528)
Total net assets 1,087,513 877,294
Total liabilities and net assets $ 2,521,602 $ 2,108,845
Net asset value per share $ 10.96 $ 11.31
Affiliated Entity    
Investments at fair value    
Due from affiliate $ 163 $ 291
Liabilities    
Due to affiliate 49 0
2036 Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 284,492 284,086
2036-R Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 265,333 265,235
2037 Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 358,207 0
2026 Notes Payable    
Liabilities    
Notes payable, net 184,415 183,832
Non-controlled, Non-affiliated Investments    
Investments at fair value    
Total investments 2,112,576 1,632,269
Controlled, affiliated investments    
Investments at fair value    
Total investments $ 290,939 $ 351,235
[1] Valued based on our accounting policy. The value of all securities was determined using significant unobservable inputs.
[2] 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.
[3] 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.
[4] Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5)
[5] All investments are in U.S. companies unless noted otherwise.