SLR Credit Solutions |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Line of Credit Facility [Abstract] | |
| SLR Credit Solutions | Note 11. SLR Credit Solutions On December 28, 2012, we acquired an equity interest in Crystal Capital Financial Holdings LLC (“Crystal Financial”) for $275,000 in cash. Crystal Financial owned approximately 98% of the outstanding ownership interest in SLR Credit Solutions, f/k/a Crystal Financial LLC (“SLR Credit”). The remaining financial interest was held by various employees of SLR Credit, through their investment in Crystal Management LP. SLR Credit had a diversified portfolio of 23 loans having a total par value of approximately $400,000 at November 30, 2012 and a $275,000 committed revolving credit facility. On July 28, 2016, the Company purchased Crystal Management LP’s approximately 2% equity interest in SLR Credit for approximately $5,737. Upon the closing of this transaction, the Company holds 100% of the equity interest in SLR Credit. On September 30, 2016, Crystal Capital Financial Holdings LLC was dissolved. As of June 30, 2026, total commitments to the revolving credit facility were $300,000. As of June 30, 2026, SLR Credit had 31 funded commitments to 23 different issuers with total funded loans of approximately $328,702 on total assets of $349,840. As of December 31, 2025, SLR Credit had 33 funded commitments to 26 different issuers with total funded loans of approximately $404,097 on total assets of $420,735. As of June 30, 2026 and December 31, 2025, the largest loan outstanding totaled $32,392 and $29,916, respectively. For the same periods, the average exposure per issuer was $14,291 and $15,542, respectively. SLR Credit’s credit facility, which is non-recourse to the Company, had approximately $150,000 and $215,830 of borrowings outstanding at June 30, 2026 and December 31, 2025, respectively. For the three months ended June 30, 2026 and 2025, SLR Credit had net income of $3,417 and $3,502, respectively, on gross income of $10,966 and $12,476, respectively. For the six months ended June 30, 2026 and 2025, SLR Credit had net income of $6,344 and $8,702, respectively, on gross income of $20,979 |