| INVESTMENTS |
4. INVESTMENTS Purchases of investments for the three and six months ended March 31, 2026, totaled $86.9 million and $159.5 million, respectively. Sales and repayments of investments for the same period totaled $0.9 million and $1.1 million, respectively. Investments and cash and cash equivalents consisted of the following ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
Investment Classification |
|
Cost |
|
|
|
Fair Value |
|
First lien |
|
$ |
156,612 |
|
|
|
$ |
156,464 |
|
Equity |
|
|
1,880 |
|
|
|
|
1,907 |
|
Total investments |
|
|
158,492 |
|
|
|
|
158,371 |
|
Cash and cash equivalents |
|
|
9,315 |
|
|
|
|
9,315 |
|
Total investments and cash and cash equivalents |
|
$ |
167,807 |
|
|
|
$ |
167,686 |
|
4. INVESTMENTS (continued) The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets (excluding cash and cash equivalents) in such industries ($ in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2026 |
|
Investment Classification |
|
Cost |
|
|
|
Fair Value |
|
Fair Value Percentage |
|
|
Net asset value Percentage |
|
Professional Services |
|
$ |
23,143 |
|
|
|
$ |
23,072 |
|
|
14.7 |
% |
|
|
20.8 |
% |
Media |
|
|
21,911 |
|
|
|
|
21,818 |
|
|
13.8 |
% |
|
|
19.6 |
% |
Distributors |
|
|
17,524 |
|
|
|
|
17,488 |
|
|
11.0 |
% |
|
|
15.7 |
% |
IT Services |
|
|
14,666 |
|
|
|
|
14,665 |
|
|
9.3 |
% |
|
|
13.2 |
% |
Healthcare Providers & Services |
|
|
14,401 |
|
|
|
|
14,395 |
|
|
9.1 |
% |
|
|
13.0 |
% |
Aerospace & Defense |
|
|
12,607 |
|
|
|
|
12,590 |
|
|
7.9 |
% |
|
|
11.3 |
% |
Diversified Consumer Services |
|
|
9,926 |
|
|
|
|
10,131 |
|
|
6.4 |
% |
|
|
9.1 |
% |
Software |
|
|
9,802 |
|
|
|
|
9,849 |
|
|
6.2 |
% |
|
|
8.9 |
% |
Diversified Financial Services |
|
|
8,881 |
|
|
|
|
8,920 |
|
|
5.6 |
% |
|
|
8.0 |
% |
Auto Components |
|
|
6,643 |
|
|
|
|
6,565 |
|
|
4.1 |
% |
|
|
6.0 |
% |
Road & Rail |
|
|
4,975 |
|
|
|
|
4,950 |
|
|
3.1 |
% |
|
|
4.5 |
% |
Commercial Services & Supplies |
|
|
4,948 |
|
|
|
|
4,944 |
|
|
3.1 |
% |
|
|
4.5 |
% |
Real Estate Management & Development |
|
|
3,360 |
|
|
|
|
3,332 |
|
|
2.1 |
% |
|
|
3.0 |
% |
Automobiles |
|
|
3,318 |
|
|
|
|
3,269 |
|
|
2.1 |
% |
|
|
2.9 |
% |
Leisure Products |
|
|
2,387 |
|
|
|
|
2,383 |
|
|
1.5 |
% |
|
|
2.1 |
% |
Total |
|
$ |
158,492 |
|
|
|
$ |
158,371 |
|
|
100.0 |
% |
|
|
142.6 |
% |
|