v3.26.1
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investments, at fair value    
Fair Value $ 836,632 [1],[2] $ 849,354 [3],[4],[5]
Total investments, at fair value (amortized cost of $872,800 and $874,196, respectively) 836,632 849,354
Cash and cash equivalents 39,931 33,963
Interest receivable 10,559 10,468
Deferred financing costs 1,093 1,268
Prepaid expenses 385 758
Other assets 0 18
Total assets 888,600 895,829
LIABILITIES    
Revolving credit facility payable (Note 6) 72,100 67,100
Notes payable (net of debt issuance costs of $2,395, and $2,553, respectively) (Note 6) 424,812 425,112
Shareholder distributions payable 9,554 10,737
Interest and credit facility fees payable 4,484 4,781
Base management fees payable (Note 7) 1,619 1,627
Income incentive fees payable (Note 7) 1,024 1,386
Administrator expenses payable 246 218
Directors' fees and expenses payable (Note 9) 72 81
Due to affiliates 56 86
Accounts payable and accrued expenses 1,408 1,132
Other liabilities 387 0
Total liabilities 515,762 512,260
Commitments and contingencies (Note 8)
NET ASSETS    
Common stock, $0.01 par value; 500,000,000 shares authorized; 41,537,795 shares issued and outstanding at June 30, 2026, and 500,000,000 shares authorized; 41,535,938 shares issued and outstanding at December 31, 2025 415 415
Paid-in capital in excess of par value 382,766 382,749
Total accumulated earnings (loss) (10,343) 405
Total net assets $ 372,838 [6] $ 383,569
NET ASSETS PER SHARE [6] $ 8.98 [7] $ 9.23
Non-Controlled/Non-Affiliated Investments    
Investments, at fair value    
Fair Value $ 664,778 $ 683,652
Controlled Affiliated Investments    
Investments, at fair value    
Fair Value $ 171,854 $ 165,702
[1]

# Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (See "Note 4. Fair Value Measurements").
[2] + All of the issuers of the investments held by the Company are domiciled in the United States. Certain investments also have international operations.
[3]

# Unless otherwise indicated, all securities are valued using significant unobservable inputs, which are categorized as Level 3 assets under the definition of ASC 820 fair value hierarchy (See "Note 4. Fair Value Measurements").
[4]

(+) Controlled Investments are defined by the Investment Company Act of 1940 Act, as amended (the "1940 Act"), as investments in companies in which the Company owns more than 25% of the voting securities or maintains greater than 50% of the board representation.
[5] + All of the issuers of the investments held by the Company are domiciled in the United States. Certain investments also have international operations.
[6]

(1) The per share data was derived by using the weighted average shares outstanding.
[7]

(3) Net asset value per share, end of period for the six months ended June 30, 2026 and 2025, do not foot due to rounding.