v3.25.2
Consolidated Statements of Assets And Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Investments at fair value:    
Investments at fair value: $ 2,134,938 [1] $ 2,005,634 [2]
Cash 23,877 16,761
Cash equivalents (cost: $348,904 and $397,510, respectively) 348,904 397,510
Dividends receivable 17,800 15,375
Interest receivable 10,463 11,993
Receivable for investments sold 101 1,573
Prepaid expenses and other assets 1,189 571
Total assets 2,537,272 2,449,417
Liabilities    
Debt ($1,181,260 and $1,041,093 face amounts, respectively, reported net of unamortized debt issuance costs of $8,111 and $9,399, respectively. See note 7) 1,173,149 1,031,694
Payable for cash equivalents purchased 348,904 397,510
Management fee payable (see note 3) 7,760 7,739
Performance-based incentive fee payable (see note 3) 5,377 5,920
Interest payable (see note 7) 6,502 7,836
Administrative services payable (see note 3) 301 3,332
Other liabilities and accrued expenses 2,930 2,460
Total liabilities 1,544,923 1,456,491
Commitments and contingencies (see note 9)
Net Assets    
Common stock, par value $0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 54,554,634 and 54,554,634 shares issued and outstanding, respectively 546 546
Paid-in capital in excess of par 1,117,606 1,117,606
Accumulated distributable net loss (125,803) (125,226)
Total net assets $ 992,349 $ 992,926
Net Asset Value Per Share $ 18.19 $ 18.2
Companies less than 5% owned [Member]    
Investments at fair value:    
Investments at fair value: $ 1,146,050 $ 1,027,457
Companies 5% to 25% owned [Member]    
Investments at fair value:    
Investments at fair value: 91,015 89,945
Companies more than 25% owned [Member]    
Investments at fair value:    
Investments at fair value: $ 897,873 $ 888,232
[1] Aggregate net unrealized appreciation for U.S. federal income tax purposes is $8,255; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $124,489 and $116,234, respectively, based on a tax cost of $2,126,683. Unless otherwise noted, all of the Company’s investments are pledged as collateral against the borrowings outstanding on the senior secured credit facility. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated.
[2] Aggregate net unrealized appreciation for U.S. federal income tax purposes is $7,625; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $109,461 and $101,836, respectively, based on a tax cost of $1,998,009. Unless otherwise noted, all of the Company’s investments are pledged as collateral against the borrowings outstanding on the senior secured credit facility. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated.