v3.26.1
Investments (Tables)
6 Months Ended
Jun. 30, 2026
Investments  
Schedule of composition of Company's investment portfolio at amortized cost and fair value

(In thousands)

  ​ ​ ​

June 30, 2026

December 31, 2025

Net Unrealized

Net Unrealized

  ​ ​ ​

Amortized Cost (1)

Fair Value

Gain (Loss)

Amortized Cost (1)

  ​ ​ ​

Fair Value

Gain (Loss)

Debt Investments

$

418,576

$

417,172

$

(1,404)

$

316,665

$

316,015

$

(650)

Equity Investment

34,596

$

34,617

21

$

$

$

Total

$

453,172

$

451,789

$

(1,383)

$

316,665

$

316,015

$

(650)

(1)

The amortized cost represents the original cost adjusted for the amortization of discounts or premiums, as applicable, on debt investments using the effective interest method.

  ​ ​ ​

June 30, 2026

December 31, 2025

 

United States

 

98.7

%

99.8

%

Canada

1.3

%

0.2

%

Total

 

100.0

%

100.0

%

  ​ ​ ​

June 30, 2026

December 31, 2025

 

Services: Business

20.6

%

4.1

%

Healthcare & Pharmaceuticals

 

14.6

%

19.8

%

High Tech Industries

11.0

%

11.5

%

Media: Diversified & Production

7.8

%

10.8

%

Hotel, Gaming & Leisure

7.4

%

8.8

%

Consumer Goods: Non-Durable

5.5

%

10.0

%

Construction & Building

4.2

%

%

Transportation: Cargo

3.7

%

7.1

%

Beverage, Food & Tobacco

3.6

%

1.7

%

FIRE: Finance

3.6

%

3.5

%

Retail

 

2.9

%

3.9

%

Environmental Industries

 

2.9

%

3.7

%

FIRE: Insurance

 

2.8

%

5.6

%

Capital Equipment

2.3

%

5.7

%

Utilities: Water

2.3

%

%

Containers, Packaging & Glass

1.8

%

%

Automotive

1.6

%

2.0

%

Chemicals, Plastics, & Rubber

1.4

%

1.8

%

 

100.0

%

100.0

%

(1)The industry composition of investments table excludes the Company’s investment in the Rated JV.

  ​ ​ ​

June 30, 2026

December 31, 2025

 

Floating

 

100.0

%

100.0

%

Fixed

%

%

Total

 

100.0

%

100.0

%

Schedule of joint venture portfolio at fair value

Below is a summary of the Rated JV’s portfolio at fair value as of June 30, 2026:

June 30, 2026

Total First Lien Senior Secured

$

99,082

Weighted Average Interest Rate(1)

9.3

%

Largest Exposure

$

8,404

Top 5 Largest Exposure

$

39,723

(1)Computed using the weighted average interest rate on accruing loans at fair value
Schedule of investments in joint venture

Fair Value at December 31, 2025

Additions

Disposals

Net Realized Gain (Loss)

Net Change in Unrealized Appreciation (Depreciation)

Fair Value at June 30, 2026

Dividend Income

$

$

34,596

$

$

$

21

$

34,617

$