v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investments, at fair value    
Investments, at fair value $ 1,570,668 [1],[2],[3] $ 1,569,418 [4],[5],[6]
Cash and cash equivalents 15,604 5,043
Restricted cash and cash equivalents 20,137 26,454
Interest and dividend receivable 8,214 9,333
Receivable from unsettled transactions 716 8,019
Unrealized appreciation on foreign currency forward contracts 1,255 2,135
Deferred tax assets 229 190
Other assets 2,064 1,543
Total assets 1,618,887 1,622,135
Liabilities    
Debt (net of deferred financing costs of $9,527 and $5,841 respectively) 922,945 873,761
Distributions payable 12,528 15,527
Interest and other debt financing costs payable 12,397 12,370
Management fees payable 3,972 5,037
Incentive fees payable 2,279 3,468
Deferred tax liabilities 229 190
Unrealized depreciation on foreign currency forward contracts 1,756 2,134
Unrealized depreciation on interest rate swaps 3,040  
Accrued expenses and other liabilities 3,290 3,610
Total liabilities 962,436 916,097
Commitments and Contingencies (Note 8)
Net assets    
Common stock, par value $0.001 per share (200,000,000 shares authorized, 36,845,952 and 36,969,285 shares issued and outstanding, respectively) 37 37
Paid-in capital in excess of par value 955,363 957,030
Accumulated earnings (loss) (298,949) (251,029)
Total net assets 656,451 706,038
Total liabilities and net assets $ 1,618,887 $ 1,622,135
Net asset value per share $ 17.82 $ 19.1
Non-controlled non-affiliated    
Investments, at fair value    
Investments, at fair value $ 1,485,083 $ 1,479,473
Non-controlled affiliated    
Investments, at fair value    
Investments, at fair value 31,053 29,594
Controlled    
Investments, at fair value    
Investments, at fair value $ 54,532 $ 60,351
[1] All debt investments are income-producing, unless otherwise noted. Equity and member interests are non-income-producing unless otherwise noted. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[2] All positions held are non-controlled/non-affiliated investments, unless otherwise noted, as defined by the 1940 Act. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated.
[3] The fair value of the investment was determined using significant unobservable inputs unless otherwise noted, as defined by the 1940 Act. See Note 2 “Summary of Significant Accounting Policies”.
[4] All debt investments are income-producing, unless otherwise noted. Equity and member interests are non-income-producing unless otherwise noted. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[5] All positions held are non-controlled/non-affiliated investments, unless otherwise noted, as defined by the 1940 Act. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated.
[6] The fair value of the investment was determined using significant unobservable inputs unless otherwise noted, as defined by the 1940 Act. See Note 2 “Summary of Significant Accounting Policies”.