v3.25.3
Consolidated Statements of Assets And Liabilities - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Investments at fair value:    
Investments at fair value: $ 2,105,293 $ 2,005,634 [1]
Cash 21,421 16,761
Cash equivalents (cost: $373,030 and $397,510, respectively) 373,030 397,510
Dividends receivable 15,807 15,375
Interest receivable 13,035 11,993
Receivable for investments sold 122 1,573
Prepaid expenses and other assets 1,184 571
Total assets 2,529,892 2,449,417
Liabilities    
Debt ($1,147,436 and $1,041,093 face amounts, respectively, reported net of unamortized debt issuance costs of $8,474 and $9,399, respectively. See note 7) 1,138,962 1,031,694
Payable for investments and cash equivalents purchased 373,335 397,510
Management fee payable (see note 3) 7,977 7,739
Performance-based incentive fee payable (see note 3) 5,391 5,920
Interest payable (see note 7) 6,762 7,836
Administrative services payable (see note 3) 1,757 3,332
Other liabilities and accrued expenses 2,421 2,460
Total liabilities 1,536,605 1,456,491
Commitments and contingencies (see note 9)
Net Assets    
Common stock, par value $0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 54,554,634 and 54,554,634 shares issued and outstanding, respectively 546 546
Paid-in capital in excess of par 1,117,606 1,117,606
Accumulated distributable net loss (124,865) (125,226)
Total net assets $ 993,287 $ 992,926
Net Asset Value Per Share $ 18.21 $ 18.2
Companies less than 5% owned [Member]    
Investments at fair value:    
Investments at fair value: $ 1,124,029 $ 1,027,457
Companies 5% to 25% owned [Member]    
Investments at fair value:    
Investments at fair value: 94,843 89,945
Companies more than 25% owned [Member]    
Investments at fair value:    
Investments at fair value: $ 886,421 $ 888,232
[1] Aggregate net unrealized appreciation for U.S. federal income tax purposes is $7,625; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $109,461 and $101,836, respectively, based on a tax cost of $1,998,009. Unless otherwise noted, all of the Company’s investments are pledged as collateral against the borrowings outstanding on the Credit Facility (as defined below) (see note 7 to the consolidated financial statements). The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated.