v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 30, 2025
Investments at fair value    
Investments at fair value $ 1,193,172 [1],[2],[3],[4],[5] $ 1,287,273 [6],[7],[8],[9],[10]
Cash equivalents (cost-$11,542 and $30,711, respectively) 11,542 30,711
Cash (cost - $27,710 and $21,028, respectively) 27,710 21,072
Interest receivable 5,549 5,261
Receivable For Investments Sold 19,594 0
Distribution receivable 4,415 4,694
Prepaid expenses and other assets 892 375
Total assets 1,262,972 1,349,554
Liabilities    
Truist Credit Facility payable, at fair value (cost - $311,456 and $426,456, respectively) 309,755 425,477
Payable for investment purchased 269,308 130,007
Interest payable on debt 4,046 6,281
Distributions payable 5,224 0
Accounts payable and accrued expenses 3,046 4,342
Base management fee payable 3,500 4,005
Incentive fee payable 1,881 2,086
Total liabilities 834,940 885,604
Commitments and contingencies (See Note 11)
Net assets    
Common stock, 65,296,094 and 65,296,094 shares issued and outstanding, respectively Par value $0.001 per share and 200,000,000 shares authorized 65 65
Paid-in capital in excess of par value 740,506 740,506
Accumulated deficit (312,539) (276,621)
Total net assets 428,032 463,950
Total liabilities and members' equity $ 1,262,972 $ 1,349,554
Net asset value per share $ 6.56 $ 7.11
Affiliated Entity    
Investments at fair value    
Due from affiliates $ 98 $ 168
2026 Notes Payable    
Liabilities    
2026 Notes payable, net 0 149,473
2026-2 Notes Payable    
Liabilities    
2026 Notes payable, net 164,573 163,933
2029 Notes payable    
Liabilities    
2026 Notes payable, net 73,607 0
Non-controlled, Non-affiliated Investments    
Investments at fair value    
Investments at fair value 834,543 857,415
Non-controlled, affiliated investments    
Investments at fair value    
Investments at fair value 0 4,891
Controlled, affiliated investments    
Investments at fair value    
Investments at fair value $ 358,629 $ 424,967
[1] All investments are in US Companies unless noted otherwise. Total cost, fair value, and percentage of Net Assets for the U.S. Companies were $1,174.2 million, $1,081.2 million, and 252.6%
[2] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[3] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[4] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities (See Note 6).
[5] Valued based on our accounting policy (See Note 2).
[6] All investments are in US Companies unless noted otherwise. Total cost, fair value, and percentage of Net Assets for the U.S. Companies were $1,181.8 million, $1,198.6 million, and 258.4%
[7] All of our investments are not registered under the 1933 Act and have restrictions on resale.
[8] Non-income producing securities.
[9] The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities.
[10] The provisions of the 1940 Act classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities (See Note 6).