v3.25.2
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Non-controlled/non-affiliated investments (amortized cost of $2,649,172 and $2,502,807, respectively) $ 2,653,666 [1],[2],[3],[4] $ 2,504,242 [5],[6],[7]
Investment, Issuer Affiliation [Extensible Enumeration] Non-Controlled/Non-Affiliated Investments Non-Controlled/Non-Affiliated Investments
Cash and cash equivalents $ 56,107 $ 51,760
Interest and dividends receivable 21,132 23,453
Unsettled trades receivable 12,520 15,471
Paydown receivable 1,000 2,247
Deferred offering expenses 26 25
Prepaid expenses and other assets 25 66
Total assets 2,744,476 2,597,264
Liabilities:    
Revolving credit facilities payable (net of deferred financing costs of $9,921 and $11,346, respectively) (Note 6) 930,080 895,654
Notes payable (net of debt issuance costs of $5,650 and $2,728, respectively) (Note 6) 494,350 422,272
Unsettled trades payable 16,548 69
Base management fees payable (Note 3) 8,661 8,013
Incentive fees payable (Note 3) 5,152  
Accounts payable and accrued expenses 3,446 2,434
Interest and financing fees payable 16,928 17,325
Total liabilities 1,475,165 1,345,767
Commitments and contingencies (Note 5)
Net assets:    
Preferred stock, $0.001 par value, 1,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2025 and December 31, 2024
Common stock, $0.001 par value, 250,000,000 shares authorized, 63,830,398 and 63,054,004 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 63 63
Paid in capital in excess of par 1,266,440 1,251,041
Distributable earnings (accumulated losses) 2,808 393
Total net assets 1,269,311 1,251,497
Total liabilities and net assets $ 2,744,476 $ 2,597,264
Net asset value per share Common Stock $ 19.89 $ 19.85
[1] All investments were qualifying assets as defined under Section 55(a) of the Investment Company Act of 1940 except for ALP CFO LP 2024-1, Barings Middle Market CLO Ltd., Best Egg Asset Structured Pass Through Master Trust, Churchill Middle Market CLO Ltd., Claros Mortgage Trust, Inc., Exeter Short Term Funding LLC, Imagine Software Inc, Ivy Hill Asset Management, L.P., Ivy Hill Middle Market Credit XII Ltd, LD Holdings Grouup LLC., New Mountain Capital LLC, and Syntax Systems Limited.
[2] All of the Company’s investments are domiciled in the United States except for Barings Middle Market CLO Ltd., New Mountain Guardian, and Syntax Systems Limited, which are domiciled in the Cayman Islands, Bermuda, and Canada, respectively.
[3] As of June 30, 2025, all investments are pledged as collateral unless otherwise stated.
[4] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy.
[5] All investments were qualifying assets as defined under Section 55(a) of the Investment Company Act of 1940 except for Ardonagh Finco B.V., New Mountain Guardian, Syntax Systems Limited, Exeter Short Term Funding LLC, and ALP CFO 2024, L.P
[6] All of the Company's investments are domiciled in the United States except for Ardonagh Finco B.V., New Mountain Guardian, and Syntax Systems Limited, which are domiciled in the United Kingdom, Bermuda, and Canada, respectively.
[7] Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy.