v3.26.1
Transactions with Affiliated Companies (Tables)
 6 Months Ended
Mar. 31, 2026
Investments in and Advances to Affiliates [Abstract]  
Summary of Transactions with Affiliated Companies Transactions related to our funded investments with both controlled and non-controlled affiliates for the six months ended March 31, 2026 and 2025 were as follows ($ in thousands):

 

Name of Investment

 

Fair Value at September 30, 2025

 

Gross Additions

 

Gross Reductions

 

Net Realized
Gains (Losses)

 

Net Change in
Unrealized
Appreciation
(Depreciation)

 

Fair Value at March 31, 2026

 

Interest Income

 

Dividend/
Other
 Income

Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PennantPark Senior Secured Loan Fund II LLC **

 

$—

 

$93,750

 

$—

 

$—

 

$(246)

 

$93,504

 

$2,264

 

$900

PennantPark Senior Secured Loan Fund I LLC *

 

281,968

 

39,375

 

—

 

—

 

(23,577)

 

297,766

 

14,233

 

10,194

Total Controlled Affiliates

 

$281,968

 

$133,125

 

$—

 

$—

 

$(23,823)

 

$391,270

 

$16,497

 

$11,094

* We and Kemper are the members of PSSL, a joint venture formed as a Delaware limited liability company that is not consolidated by us for financial reporting purposes. The members of PSSL make investments in PSSL in the form of first lien secured debt and equity interests, and all portfolio and other material decisions regarding PSSL must be submitted to PSSL’s board of directors or investment committee, both of which are comprised of two members appointed by each of us and Kemper. Because management of PSSL is shared equally between us and Kemper, we do not believe we control PSSL for purposes of the 1940 Act or otherwise

** We and HL are the members of PSSL II, a joint venture formed as a Delaware limited liability company that is not consolidated by us for financial reporting purposes. The members of PSSL II make investments in PSSL II in the form of first lien secured debt and equity interests, and all portfolio and other material decisions regarding PSSL II must be submitted to PSSL II’s board of directors or investment committee, both of which are comprised of equal number of representatives from each the Company and HL. Because management of PSSL II is shared equally between us and HL, we do not believe we control PSSL II for purposes of the 1940 Act or otherwise.

 

Name of Investment

 

Fair Value at September 30, 2024

 

 

Gross Additions

 

 

Gross Reductions

 

 

Net Realized
Gains (Losses)

 

 

Net Change in
Unrealized
Appreciation
(Depreciation)

 

 

Fair Value at March 31, 2025

 

 

Interest Income

 

 

Dividend/
Other
 Income

 

Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marketplace Events, LLC**

 

$

57,107

 

 

$

4,214

 

 

$

(59,795

)

 

$

22,811

 

 

$

(24,337

)

 

$

—

 

 

$

5,062

 

 

$

306

 

PennantPark Senior Secured

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Fund I LLC *

 

 

294,128

 

 

 

21,875

 

 

 

—

 

 

 

—

 

 

 

(18,713

)

 

 

297,290

 

 

 

15,091

 

 

 

8,750

 

Total Controlled Affiliates

 

$

351,235

 

 

$

26,089

 

 

$

(59,795

)

 

$

22,811

 

 

$

(43,050

)

 

$

297,290

 

 

$

20,153

 

 

$

9,056

 

* We and Kemper are the members of PSSL, a joint venture formed as a Delaware limited liability company that is not consolidated by us for financial reporting purposes. The members of PSSL make investments in PSSL in the form of first lien secured debt and equity interests, and all portfolio and other material decisions regarding PSSL must be submitted to PSSL’s board of directors or investment committee, both of which are comprised of two members appointed by each of us and Kemper. Because management of PSSL is shared equally between us and Kemper, we do not believe we control PSSL for purposes of the 1940 Act or otherwise.

** Marketplace was sold during the Q1 2025 quarter.