RELATED PARTY TRANSACTIONS |
6 Months Ended |
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Sep. 30, 2026 | |
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS As a BDC, we are obligated under the 1940 Act to make available to our portfolio companies significant managerial assistance. “Making available significant managerial assistance” refers to any arrangement whereby we offer to provide significant guidance and counsel concerning the management, operations, or business objectives and policies of a portfolio company. We also are deemed to be providing managerial assistance to all portfolio companies that we control, either by ourselves or in conjunction with others. The nature and extent of significant managerial assistance provided by us will vary according to the particular needs of each portfolio company. During each of the three and six months ended September 30, 2026 and 2025, we did not receive any management fees from our portfolio companies. As discussed in Note 3 - Investments, the Company and Trinity formed CapTrin on January 22, 2026. The initial equity capital commitment to CapTrin totaled $100.0 million, consisting of $50.0 million from each of CSWC and Trinity. As of September 30, 2026, approximately $57.0 million of capital commitments were funded, of which $28.5 million was funded by CSWC. In May 2026, the Company sold certain portfolio investments to CapTrin at a purchase price in the amount of $47.1 million (fair value as of March 31, 2026) (the "Initial Portfolio"). CapTrin funded the purchase of the Initial Portfolio with borrowings under the CapTrin Credit Facility and funded capital commitments. In September 2026, the Company sold additional portfolio investments to CapTrin at a purchase price in the amount of $13.0 million (fair value as of June 30, 2026). For the quarter ended September 30, 2026, we had dividends receivable from CapTrin of $0.5 million, which were included in dividends and interest receivables in the Consolidated Statements of Assets and Liabilities. Additionally, as discussed in Note 3 - Investments, the Company entered into the Amended and Restated Limited Liability Company Agreement of Desert Star with Trinity on September 21, 2026. The initial equity capital commitment to Desert Star totaled $200.0 million, consisting of $175.0 million from Trinity and $25.0 million from the Company. As of September 30, 2026, approximately $64.0 million of capital commitments were funded, of which $8.0 million was funded by the Company.
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