Borrowings |
9 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Debt Disclosure [Abstract] | |
| Borrowings | Borrowings In accordance with the 1940 Act, with certain limited exceptions, the Company is currently allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 200% after such borrowing. The Company has not sought or obtained any approval necessary to be subject to the reduced asset coverage requirements available to BDCs pursuant to Section 61(a)(2) of the 1940 Act, which permits a BDC to have asset coverage of 150%, or a ratio of total consolidated assets to outstanding indebtedness of 2:1 as compared to a maximum of 1:1 under the 200% asset coverage requirement under the 1940 Act. As of June 30, 2026 and September 30, 2025, the Company did not have any outstanding borrowings or senior securities representing indebtedness. Adviser Revolver: The Company has entered into the Adviser Revolver with the Investment Adviser pursuant to which, as of June 30, 2026 and September 30, 2025, the Company was permitted to borrow up to $75,000 in U.S. dollars and certain agreed upon foreign currencies with a maturity date of March 26, 2028. The Adviser Revolver bears an interest rate equal to the short-term Applicable Federal Rate (“AFR”). The short-term AFR as of June 30, 2026 was 3.8%. For the three and nine months ended June 30, 2026 the Company had borrowings of $1,000 and $2,700, respectively, made repayments of $1,000 and $2,700, respectively, and incurred interest expense of less than $1 and $2, respectively, on the Adviser Revolver. For the three months ended June 30, 2025, the Company had no borrowings and made no repayments on the Adviser Revolver. For the nine months ended June 30, 2025, the Company had borrowings of $35, made repayments of $35 and incurred interest expense of less than $1 on the Adviser Revolver. As of June 30, 2026 and September 30, 2025, the Company did not have any outstanding borrowings under the Adviser Revolver.
|