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Consolidated Statements of Assets and Liabilities (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Total investments, at fair value $ 897,324 [1],[2],[3] $ 860,329 [4],[5],[6],[7]
Cash and cash equivalents 36,418 62,350
Interest receivable 13,705 11,826
Prepaid expenses and other assets 1,577 1,455
Total assets 949,024 935,960
LIABILITIES    
SBA debentures, net of deferred financing costs (Note 6) 160,352 148,476
Notes, net of deferred financing costs (Note 6) 246,402 246,128
Borrowings under Credit Facility, net of deferred financing costs (Note 6) 13,694 (1,380)
Secured borrowings 16,634 16,880
Accrued interest and fees payable 3,326 4,747
Base management fee payable, net of base management fee waiver - due to affiliate 3,782 3,769
Income incentive fee payable - due to affiliate 3,647 3,035
Capital gains incentive fee payable - due to affiliate 15,257 22,659
Administration fee payable and other - due to affiliate 462 576
Taxes payable 87 9,937
Accounts payable and other liabilities 735 790
Total liabilities 464,378 455,617
Commitments and contingencies (Note 7)
NET ASSETS    
Common stock, $0.001 par value (100,000,000 shares authorized, 24,988,398 and 24,727,788 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively) 25 25
Additional paid-in capital 400,978 395,672
Total distributable earnings 83,643 84,646
Total net assets 484,646 480,343
Total liabilities and net assets $ 949,024 $ 935,960
Net asset value per common share $ 19.39 $ 19.43
Affiliate Investments    
ASSETS    
Total investments, at fair value $ 99,037 $ 101,590
Non-control/Non-affiliate Investments    
ASSETS    
Total investments, at fair value $ 798,287 $ 758,739
[1] All debt investments are income producing, unless otherwise indicated. Equity investments are non-income producing unless otherwise noted.
[2] Equity ownership may be held in shares or units of companies related to the portfolio companies.
[3] See Note 3 to the consolidated financial statements for portfolio composition by geographic location.
[4]

(a) See Note 3 to the consolidated financial statements for portfolio composition by geographic location.
[5]

(b) Equity ownership may be held in shares or units of companies related to the portfolio companies.
[6]

(c) All debt investments are income producing, unless otherwise indicated. Equity investments are non-income producing unless otherwise noted.
[7]

(g) Except as otherwise noted, the Company’s investment portfolio is comprised of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the board of directors, using significant unobservable Level 3 inputs.