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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets    
Investments, at fair value: $ 1,760,030 $ 1,754,039 [1]
Cash 82,739 3,774
Interest receivable on investments 26,526 21,549
Receivable due on investments sold and repaid 1,016 2,854
Dividends receivable on controlled investments 1,275 0
Prepaid expenses and other assets 825 466
Total assets 1,872,411 1,782,682
Liabilities    
Financing arrangements (net of unamortized debt issuance costs of $6,178 and $7,628, respectively) 951,322 822,372
Payable for investments purchased 0 11,327
Accounts payable and accrued expenses 1,012 1,922
Interest payable 7,820 4,339
Accrued management fees 6,924 6,673
Accrued subordinated incentive fee on income 5,065 3,942
Accrued administrative services expense 1,703 1,595
Shareholder distribution payable 14,931 0
Total liabilities 988,777 852,170
Commitments and contingencies (Note 4 and Note 11)
Shareholders' Equity    
Common stock, $0.001 par value; 500,000,000 shares authorized; 55,299,484 and 56,958,440 shares issued and 55,299,484 and 56,958,440 shares outstanding, respectively 55 57
Capital in excess of par value 1,044,547 1,059,989
Accumulated distributable losses (160,968) (129,534)
Total shareholders' equity 883,634 930,512
Total liabilities and shareholders' equity $ 1,872,411 $ 1,782,682
Net asset value per share of common stock at end of year [2] $ 15.98 $ 16.34
Non-controlled, non-affiliated investments    
Assets    
Investments, at fair value: $ 1,525,040 $ 1,581,124
Non-controlled, affiliated investments    
Assets    
Investments, at fair value: 143,876 81,490
Controlled investments    
Assets    
Investments, at fair value: $ 91,114 $ 91,425
[1] Fair value determined in good faith by the Company’s board of directors (see Note 9) using significant unobservable inputs unless otherwise noted.
[2] As discussed in Note 3, the Company completed a two-to-one reverse stock split, effective as of September 21, 2021. The shares outstanding used in the computation of net asset value per share reflect the reverse stock split on a retroactive basis.