v3.26.1
Investment Portfolio (Tables)
6 Months Ended
Jun. 30, 2026
Investment Portfolio  
Summary of composition of investment portfolio at cost and fair value

As of June 30, 2026

 

Amortized

Percentage

  ​ ​ ​

Cost (1)

  ​ ​ ​

Fair Value

  ​ ​ ​

 of Portfolio

 

Senior Secured First Lien Term Loan

$

589,422

$

584,052

 

71.1

%

Senior Secured Term Loan

185,645

176,198

 

21.5

%

Delayed Draw Term Loan

35,554

33,216

 

4.0

%

Revolver

17,048

11,400

 

1.4

%

Convertible Promissory Note

102

43

0.0

%

Common Units

3,823

6,219

0.8

%

Preferred Units

10,301

8,960

 

1.1

%

Warrants

477

401

 

0.1

%

Total

$

842,372

$

820,489

100.0

%

(1)

Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.

As of December 31, 2025

 

Amortized

Percentage

 

  ​ ​ ​

Cost(1)

  ​ ​ ​

Fair Value

  ​ ​ ​

of Portfolio

 

Senior Secured First Lien Term Loan

$

568,293

$

561,494

70.2

%

Senior Secured Term Loan

179,267

175,761

22.0

%

Delayed Draw Term Loan

38,876

36,902

4.6

%

Revolver

17,613

9,111

1.1

%

Convertible Promissory Note

70

62

0.0

%

Common Units

4,356

8,929

1.1

%

Preferred Units

9,250

7,377

0.9

%

Warrants

 

477

464

0.1

%

Total

$

818,202

$

800,100

100.0

%

(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.
Summary of investments by industry classification and enumerates the percentage, by fair value, of the total portfolio investments.

As of June 30, 2026

  ​ ​ ​

  ​ ​ ​

Percentage

Industry Classification

Fair Value

of Portfolio

Transportation & Logistics

$

240,856

 

29.4

%

Business Services

188,749

23.0

%

Technology & Telecommunications

175,547

 

21.4

%

Healthcare

165,126

 

20.1

%

Franchising

50,211

 

6.1

%

Total

$

820,489

100.0

%

As of December 31, 2025

 

  ​ ​ ​

  ​ ​ ​

Percentage

 

Industry Classification

Fair Value

of Portfolio

 

Transportation & Logistics

$

243,181

30.4

%

Business Services

172,431

21.6

%

Healthcare

159,446

19.9

%

Technology & Telecommunications

148,928

18.6

%

Franchising

76,114

9.5

%

Total

$

800,100

100.0

%