Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2026

Fair Value Disclosures [Abstract]

Summary of Assets and Liabilities Measured at Fair Value on Recurring Basis

The assets and liabilities measured at fair value on a recurring basis which are held by the Company are summarized in the tables below:


		Fair Value as of June 30, 2026
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Equity investments		$	7,395			$	-			$	1,797			$	9,192
Total assets within the fair value hierarchy		$	7,395			$	-			$	1,797			$	9,192
Investments valued at net asset value														$	23,420
Total assets														$	32,612


		Fair Value as of June 30, 2025
(in thousands)		Level 1				Level 2				Level 3				Total
Assets:
Equity investments		$	15,427			$	-			$	13,374			$	28,801
Total assets within the fair value hierarchy		$	15,427			$	-			$	13,374			$	28,801
Investments valued at net asset value														$	31,813
Total assets														$	60,614

Reconciliation of Changes in Fair Value of Level 3 Assets

The following is a reconciliation of changes in Level 3 assets:


		For the twelve months ended June 30,
(in thousands)		2026				2025

Beginning balance		$	13,374			$	5,265
Purchases			1,000				3,300
Payments			-				146
Change in fair value			(12,577	)			4,663
Ending balance		$	1,797			$	13,374
Change in net unrealized appreciation/depreciation included in earnings related to financial assets still held at the reporting date		$	(12,577	)		$	4,663

Reconciliation of Changes in Level 3 Liabilities

The following is a reconciliation of changes in Level 3 liabilities:


		For the twelve months ended June 30,
(in thousands)		2026				2025

Beginning balance		$	-			$	428
Payments			-				(422	)
Change in fair value			-				(6	)
Ending balance		$	-			$	-

Tabular disclosure of the fair value measurement of assets using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets) and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset.

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