v3.26.1
Investments - Consolidated Statements of Assets and Liabilities for PSLF (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Sep. 30, 2025
Assets    
Investments at fair value $ 1,193,172 [1],[2],[3],[4],[5] $ 1,287,273 [6],[7],[8],[9],[10]
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
Prepaid expenses and other assets 892 375
Total assets 1,262,972 1,349,554
Liabilities    
Credit facility payable 309,755 425,477
Interest payable on notes to members 4,046 6,281
Payable for investment purchased 269,308 130,007
Total liabilities 834,940 885,604
Commitments and contingencies
Total liabilities and members' equity 1,262,972 1,349,554
PSLF    
Assets    
Investments at fair value 1,278,367 1,265,901
Cash equivalents 20,369 16,838
Cash (cost - $27,710 and $21,028, respectively) 31,874 24,147
Interest receivable 4,243 5,271
Receivable for investments sold 0 1,055
Prepaid expenses and other assets 1,458 2,148
Due from affiliates 63 87
Total assets 1,336,374 1,315,447
Liabilities    
Credit facility payable 144,900 99,600
Subordinated notes payable to members 250,808 250,808
Interest payable on credit facility and asset backed debt 12,669 13,730
Distribution payable to members 7,500 8,000
Interest payable on notes to members 5,038 5,305
Payable for investment purchased 4,975 0
Accounts payable and accrued expenses 1,304 1,189
Due to affiliates 64 50
Total liabilities 1,243,841 1,194,421
Members' equity 92,533 [11] 121,026
Total liabilities and members' equity 1,336,374 1,315,447
PSLF | 2037 Asset-backed debt    
Liabilities    
Asset-backed debt, net 326,384 326,113
PSLF | 2034 Asset-backed debt    
Liabilities    
Asset-backed debt, net 245,351 245,060
PSLF | 2035 Asset-backed debt    
Liabilities    
Asset-backed debt, net $ 244,848 $ 244,566
[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).
[11] Valued based on PSLF's accounting policy.