v3.25.2
SLR Senior Lending Program LLC - Summary financial information for SSLP (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Condensed Financial Statements, Captions [Line Items]          
Investments at fair value (cost $182,950 and $177,236, respectively) $ 2,134,938 [1]   $ 2,134,938 [1]   $ 2,005,634 [2]
Total assets 2,537,272   2,537,272   2,449,417
Debt outstanding ($112,500 and $96,600 face amounts, respectively, reported net of unamortized debt issuance costs of $1,319 and $1,572, respectively) 1,173,149   1,173,149   1,031,694
Total liabilities 1,544,923   1,544,923   1,456,491
Interest and other credit facility expenses 16,742 $ 18,179 32,582 $ 36,367  
Other general and administrative expenses 922 1,206 1,757 2,101  
Total expenses 32,324 34,704 63,399 68,997  
Net investment income 21,609 24,318 43,714 48,170  
Realized gain on investments 235 105 (187) 240  
Net change in unrealized gain (loss) on investments 2,388 (1,195) 631 2,689  
Net realized and unrealized gain (loss) on investments and cash equivalents 2,623 (1,090) 444 2,929  
Net increase in net assets resulting from operations 24,232 23,228 44,158 51,099  
SLR Senior Lending Program LLC [Member]          
Condensed Financial Statements, Captions [Line Items]          
Investments at fair value (cost $182,950 and $177,236, respectively) 184,110 [3]   184,110 [3]   178,740 [4]
Cash and other assets 26,843   26,843   18,721
Total assets 210,953   210,953   197,461
Debt outstanding ($112,500 and $96,600 face amounts, respectively, reported net of unamortized debt issuance costs of $1,319 and $1,572, respectively) 111,181   111,181   95,028
Distributions payable 1,892   1,892   3,381
Interest payable and other credit facility related expenses 444   444   472
Accrued expenses and other payables 356   356   398
Total liabilities 113,873   113,873   99,279
Members' equity 97,080   97,080   98,182
Total liabilities and members' equity 210,953   210,953   $ 197,461
Interest income 4,558 6,616 9,027 12,585  
Service fees [5] 109 135 214 260  
Interest and other credit facility expenses 2,248 2,920 4,490 5,638  
Other general and administrative expenses 61 46 132 90  
Total expenses 2,418 3,101 4,836 5,988  
Net investment income 2,140 3,515 4,191 6,597  
Realized gain on investments 14 0 337 0  
Net change in unrealized gain (loss) on investments (59) (118) (344) 391  
Net realized and unrealized gain (loss) on investments and cash equivalents (45) (118) (7) 391  
Net increase in net assets resulting from operations $ 2,095 $ 3,397 $ 4,184 $ 6,988  
[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.
[3] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein.
[4] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein.
[5]

* Service fees are included within the Company’s Consolidated Statements of Operations as other income.