v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2026
Sep. 30, 2025
Investments at fair value    
Non-controlled, non-affiliated investments $ 2,580,281 [1],[2],[3],[4],[5] $ 2,773,328 [6],[7],[8],[9],[10]
Cash equivalents (cost- $31,427 and $40,729, respectively) 31,427 40,729
Cash (cost- $55,121 and $81,955, respectively) 90,444 [3],[4],[5] 81,959 [8],[9],[10]
Interest receivable 12,611 13,832
Distributions receivable 900 0
Receivable for investments sold 30,052 1,369
Prepaid expenses and other assets 2,085 2,143
Total assets 2,747,936 2,913,681
Liabilities    
Credit Facility payable, at fair value (cost - $328,355 and $683,855, respectively) 328,333 683,837
Payable for investments purchased 0 14,852
Interest payable on debt 15,407 19,172
Distributions payable 10,170 10,170
Base management fee payable 6,427 6,549
Incentive fee payable 6,437 6,883
Accounts payable and accrued expenses 1,581 2,166
Deferred tax liability 1,558 1,864
Total liabilities 1,709,279 1,839,165
Commitments and contingencies (See Note 11)
Net assets    
Common stock, 99,217,896 and 99,217,896 shares issued and outstanding, respectively Par value $0.001 per share and 200,000,000 shares authorized 99 99
Paid-in capital in excess of par value 1,219,502 1,219,502
Accumulated deficit (180,944) (145,085)
Total net assets 1,038,657 1,074,516
Total liabilities and net assets $ 2,747,936 $ 2,913,681
Net asset value per share $ 10.47 [11] $ 10.83
Affiliated Entity    
Investments at fair value    
Due from affiliates $ 136 $ 321
Liabilities    
Due to affiliates 0 739
2036 Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 0 284,627
2036-R Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 286,585 265,366
2037 Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 387,145 358,331
2038-R Asset-Backed Debt    
Liabilities    
Asset-Backed Debt, net 284,770 0
2026 Notes Payable    
Liabilities    
Notes payable, net 184,998 184,609
2029 Notes Payable    
Liabilities    
Notes payable, net 195,868 0
Non-controlled, Non-affiliated Investments    
Investments at fair value    
Non-controlled, non-affiliated investments 2,189,011 [3],[4],[5] 2,491,360 [8],[9],[10]
Controlled, affiliated investments    
Investments at fair value    
Non-controlled, non-affiliated investments $ 391,270 [3],[4],[5] $ 281,968 [8],[9],[10]
[1] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[2] As of March 31, 2026, all investments were in U.S. companies and total cost, fair value, and percentage of Net Assets for the U.S companies were $2,646.4 million, $2,580.3 million, and 248.4%
[3] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[4] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[5] Valued based on our accounting policy (See Note 2).
[6] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[7] As of September 30, 2025, all investments were in U.S companies and total cost, fair value, and percentage of Net Assets for the U.S. companies were $2,819.4 million, $2,773.3 million, and 258.1%
[8] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[9] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[10] Valued based on our accounting policy (See Note 2). The value of all securities was determined using significant unobservable inputs (See Note 5).
[11] Does not foot due to rounding, as applicable.