XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Investment income        
Payment-in-kind interest income $ 3,900 $ 0 $ 6,088 $ 0
Total investment income 29,138 23,254 85,292 56,046
Expenses        
Interest expense 7,107 5,339 21,407 12,987
Base management fee (Note 3) 3,213 2,788 9,621 7,555
Performance based incentive fee (Note 3) 0 2,784 3,094 6,353
Administrative fee (Note 3) 441 412 1,249 1,147
Professional fees 452 314 1,558 1,163
General and administrative 392 381 1,384 1,088
Total expenses 11,605 12,018 38,313 30,293
Net investment income before excise tax 17,533 11,236 46,979 25,753
Provision for excise tax 179 100 542 306
Net investment income 17,354 11,136 46,437 25,447
Net realized and unrealized loss        
Net realized gain (loss) on investments (11,816) (8,585) (28,513) (9,484)
Net unrealized appreciation (depreciation) on investments (17,518) 3,442 (24,448) 1,169
Net realized and unrealized loss (29,334) (5,143) (52,961) (8,315)
Net (decrease) increase in net assets resulting from operations $ (11,980) $ 5,993 $ (6,524) $ 17,132
Net investment income per common share (in dollars per share) $ 0.53 $ 0.43 $ 1.54 $ 1.06
Net (decrease) increase in net assets resulting from operations per common share (in dollars per share) (0.37) 0.23 (0.22) 0.71
Distributions declared per share (in dollars per share) $ 0.33 $ 0.30 $ 0.99 $ 0.90
Weighted average shares outstanding (in shares) 32,451,900 25,738,054 30,155,287 23,995,369
Investment, Unaffiliated Issuer [Member]        
Investment income        
Interest income $ 23,825 $ 22,745 $ 75,695 $ 54,317
Fee income 124 509 2,255 1,729
Payment-in-kind interest income 3,777 0 5,930 0
Net realized and unrealized loss        
Net realized gain (loss) on investments (11,816) (8,665) (28,513) (8,364)
Net unrealized appreciation (depreciation) on investments 180 3,442 (7,656) (281)
Investment, Affiliated Issuer, Noncontrolled [Member]        
Investment income        
Interest income 1,246 0 1,246 0
Net realized and unrealized loss        
Net realized gain (loss) on investments 0 30 0 30
Net unrealized appreciation (depreciation) on investments (19,055) 0 (18,149) 0
Investment, Affiliated Issuer, Controlled [Member]        
Investment income        
Interest income 8 0 8 0
Payment-in-kind interest income 158 0 158 0
Net realized and unrealized loss        
Net realized gain (loss) on investments 0 50 0 (1,150)
Net unrealized appreciation (depreciation) on investments $ 1,357 $ 0 $ 1,357 $ 1,450