v3.26.1
Investment Portfolio (Tables)
6 Months Ended
Jun. 30, 2026
Investment Company [Abstract]  
Schedule of the Composition of Investment Portfolio
The following table summarizes the composition of the Company’s investment portfolio at cost and fair value as of June 30, 2026 and December 31, 2025:
June 30, 2026
(Unaudited)
December 31, 2025
Amortized Cost(1)
Fair ValuePercentage of Portfolio
Amortized Cost(1)
Fair ValuePercentage of Portfolio
Senior Secured Loans—First Lien$1,173,912 $1,156,241 74.4 %$1,156,542 $1,162,247 75.6 %
Subordinated Debt1,032 1,032 0.1 %— — — 
Asset Based Finance383,071 393,890 25.3 %365,151 374,121 24.4 %
Equity/Other2,384 2,384 0.2 %— — — 
Total$1,560,399 $1,553,547 100.0 %$1,521,693 $1,536,368 100.0 %
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(1)Amortized cost represents the original cost adjusted for the amortization of premiums and/or accretion of discounts, as applicable, on investments.
The table below describes investments by industry classification and enumerates the percentage, by fair value, of the total portfolio assets in such industries as of June 30, 2026 and December 31, 2025:
June 30, 2026
(Unaudited)
December 31, 2025
Industry Classification
Fair ValuePercentage of PortfolioFair ValuePercentage of Portfolio
Automobiles & Components$5,545 0.4 %$5,230 0.3 %
Banks35,281 2.3 %38,764 2.5 %
Capital Goods260,379 16.8 %242,916 15.8 %
Commercial & Professional Services115,520 7.4 %121,571 7.9 %
Consumer Durables & Apparel5,983 0.4 %6,646 0.4 %
Consumer Services91,892 5.9 %88,795 5.8 %
Equity Real Estate Investment Trusts (REITs)— — 5,176 0.3 %
Financial Services198,933 12.8 %182,324 11.9 %
Food, Beverage & Tobacco16,570 1.1 %24,325 1.6 %
Health Care Equipment & Services162,436 10.5 %167,089 10.9 %
Household & Personal Products— — 3,742 0.3 %
Insurance103,230 6.6 %106,165 6.9 %
Materials31,392 2.0 %45,100 2.9 %
Media & Entertainment31,282 2.0 %32,490 2.1 %
Pharmaceuticals, Biotechnology & Life Sciences14,692 0.9 %12,627 0.8 %
Real Estate Management & Development74,358 4.8 %71,983 4.7 %
Software & Services348,823 22.4 %327,284 21.3 %
Technology Hardware & Equipment1,062 0.1 %1,318 0.1 %
Transportation55,426 3.6 %51,974 3.4 %
Utilities743 0.0 %849 0.1 %
Total$1,553,547 100.0 %$1,536,368 100.0 %