v3.25.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
Assets    
Total investments, at fair value (amortized cost $706,224 and $695,240, respectively) $ 642,213 $ 696,168
Cash and cash equivalents 12,424 10,749
Restricted cash and cash equivalents 14,548 12,527
Restricted foreign currency (cost of $297 and $894, respectively) 864 1,211
Interest and dividend receivable 5,631 8,149
Amounts receivable on unsettled investment transactions 112 343
Escrow receivable   393
Prepaid expenses and other receivables 1,009 1,211
Unrealized appreciation on foreign currency forward contracts 20  
Total assets 676,821 730,751
Liabilities    
Debt (net of unamortized debt issuance costs of $3,503 and $2,876, respectively) 353,117 386,448
Distributions payable 8,949 8,949
Management fees payable 2,932 3,595
Incentive fees payable 17,848 10,470
Amounts payable on unsettled investment transactions 3,539  
Interest payable 1,821 2,069
Accounts payable and accrued expenses 2,141 2,089
Advances received from unfunded credit facilities 340 316
Unrealized depreciation on foreign currency forward contracts   43
Total liabilities 390,687 413,979
Commitments and contingencies (See Note 8)
Net assets    
Common stock, 23,243,088 and 23,243,088 shares issued and outstanding, par value $0.001 per share, respectively, and 100,000,000 shares authorized 23 23
Paid-in capital in excess of par 337,205 338,275
Accumulated earnings (losses) (51,094) (21,526)
Total net assets 286,134 316,772
Total liabilities and total net assets $ 676,821 $ 730,751
Number of shares outstanding 23,243,088 23,243,088
Net asset value per share $ 12.31 $ 13.63
Non-controlled/non-affiliate company investments    
Assets    
Total investments, at fair value (amortized cost $706,224 and $695,240, respectively) $ 504,832 $ 577,798
Non-controlled affiliate company investments    
Assets    
Total investments, at fair value (amortized cost $706,224 and $695,240, respectively) 29,851 5,422
Controlled affiliate company investments    
Assets    
Total investments, at fair value (amortized cost $706,224 and $695,240, respectively) $ 107,530 $ 112,948