Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Dec. 31, 2025
Sep. 30, 2025
ASSETS    
Investments, at fair value $ 902,912 $ 859,124 [1]
Cash 2,915 596
Cash equivalents 1,253 31,774
Interest receivable, net 6,961 5,702
Due from administrative agent 2,753 4,791
Deferred financing costs, net 1,876 1,951
Other assets, net 4,141 3,659
TOTAL ASSETS 922,811 907,597
LIABILITIES    
Line of credit at fair value (Cost of $213,200 and $0, respectively) 213,200 0
Notes payable, net of unamortized deferred financing costs and discounts of $6,798 and $8,644, respectively 192,702 397,856
Accounts payable and accrued expenses 1,972 1,188
Interest payable 3,820 3,141
Other liabilities 507 459
TOTAL LIABILITIES 416,339 406,175
Commitments and contingencies [2]
Preferred stock, $0.001 par value per share, 6,000,000 and 6,000,000 shares authorized, respectively, and 1,302,077 and 865,452 shares issued and outstanding, respectively 29,150 19,387
NET ASSETS    
Common stock, $0.001 par value per share, 44,000,000 and 44,000,000 shares authorized, respectively, and 22,593,069 and 22,593,069 shares issued and outstanding, respectively 45 45
Capital in excess of par value 501,626 501,628
Total distributable loss [3] (24,349) (19,638)
TOTAL NET ASSETS 477,322 482,035
TOTAL NET ASSETS $ 477,322 $ 482,035
NET ASSET VALUE PER SHARE (in USD per share) $ 21.13 $ 21.34
Related Party    
LIABILITIES    
Fees due to related party $ 4,138 $ 3,531
Total fees due to Adviser | Related Party    
LIABILITIES    
Fees due to related party [4] 3,463 2,921
Fee due to Administrator | Related Party    
LIABILITIES    
Fees due to related party [4] 675 610
Non-Control/Non-Affiliate investments    
ASSETS    
Investments, at fair value 743,413 [5] 696,317 [6]
Affiliate investments    
ASSETS    
Investments, at fair value 51,791 [7] 53,911 [8]
Control investments    
ASSETS    
Investments, at fair value $ 107,708 [9] $ 108,896 [10]
[1] Cumulative gross unrealized depreciation for federal income tax purposes is $59.7 million; cumulative gross unrealized appreciation for federal income tax purposes is $34.1 million. Cumulative net unrealized depreciation is $25.5 million, based on a tax cost of $884.7 million.
[2] Refer to Note 10—Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information.
[3] Refer to Note 2—Summary of Significant Accounting Policies in the accompanying Notes to Consolidated Financial Statements for additional information.
[4] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.
[5] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[6] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[7] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[8] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[9] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[10] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities