Document and Entity Information
Document and Entity Information - shares | 6 Months Ended | |
Sep. 30, 2022 | Nov. 02, 2022 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2022 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity File Number | 814-00646 | |
Entity Registrant Name | MIDCAP FINANCIAL INVESTMENT CORPORATION | |
Entity Central Index Key | 0001278752 | |
Entity Incorporation, State or Country Code | MD | |
Entity Tax Identification Number | 52-2439556 | |
Entity Address, Address Line One | 9 West 57th Street37th Floor | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10019 | |
City Area Code | 212 | |
Local Phone Number | 515-3450 | |
Security 12b Title | Common Stock, $0.001 par value | |
Trading Symbol | MFIC | |
Security Exchange Name | NASDAQ | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Small Business | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 65,451,359 |
STATEMENTS OF ASSETS AND LIABIL
STATEMENTS OF ASSETS AND LIABILITIES (Unaudited) - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 | ||
Assets | ||||
Investments at fair value | $ 2,463,545 | [1],[2],[3],[4] | $ 2,523,173 | [5],[6],[7] |
Cash and cash equivalents | 60,281 | 30,033 | ||
Foreign currencies (cost - $0 and $601, respectively) | 1,455 | 565 | ||
Receivable for investments sold | 7,745 | 7,989 | ||
Interest receivable | 13,198 | 15,554 | ||
Dividends receivable | 4,649 | 5,083 | ||
Deferred financing costs | 14,604 | 17,005 | ||
Prepaid expenses and other assets | 553 | 719 | ||
Total Assets | 2,566,030 | 2,600,121 | ||
Liabilities | ||||
Debt | 1,504,400 | 1,550,608 | ||
Distributions payable | 20,944 | 22,913 | ||
Management and performance-based incentive fees payable | 12,803 | 9,912 | ||
Interest payable | 7,803 | 3,335 | ||
Accrued administrative services expense | 1,583 | 897 | ||
Other liabilities and accrued expenses | 7,461 | 7,624 | ||
Total Liabilities | 1,554,994 | 1,595,289 | ||
Commitments and contingencies (Note 8) | ||||
Net Assets | 1,011,036 | 1,004,832 | ||
Net Assets | ||||
Common stock, $0.001 par value (130,000,000 shares authorized; 65,451,359 and 63,647,240 shares issued and outstanding, respectively) | 62 | 62 | ||
Capital in excess of par value | 2,107,124 | 2,078,760 | ||
Accumulated under-distributed (over-distributed) earnings | (1,096,150) | (1,073,990) | ||
Net Assets | $ 1,011,036 | $ 1,004,832 | ||
Net Asset Value Per Share | $ 15.45 | $ 15.79 | ||
Non-controlled/Non-affiliated Investments | ||||
Assets | ||||
Investments at fair value | $ 1,986,374 | $ 1,977,647 | ||
Non-controlled/Affiliated Investments | ||||
Assets | ||||
Investments at fair value | 58,829 | 63,709 | ||
Controlled Investments | ||||
Assets | ||||
Investments at fair value | $ 418,342 | $ 481,817 | ||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Fair value is determined in good faith subjct to the oversight of the Board of Directors of the Company (See Note 2 to the financial statements). Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2022: Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of March 31, 2022: |
STATEMENTS OF ASSETS AND LIAB_2
STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Mar. 31, 2022 | |||
Investment cost | $ 2,718,826 | [1],[2],[3] | $ 2,745,829 | [4],[5],[6] |
Foreign currencies, cost | $ 1,633 | $ 601 | ||
Common stock, par value | $ 0.001 | $ 0.001 | ||
Common stock, shares authorized | 130,000,000 | 130,000,000 | ||
Common stock, shares issued | 65,451,359 | 63,647,240 | ||
Common stock, shares outstanding | 65,451,359 | 63,647,240 | ||
Non-controlled/Non-affiliated Investments | ||||
Investment cost | $ 2,032,159 | $ 2,001,907 | ||
Non-controlled/Affiliated Investments | ||||
Investment cost | 131,024 | 130,866 | ||
Controlled Investments | ||||
Investment cost | $ 555,643 | $ 613,056 | ||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2022: Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Non-Controlled / Non-Affiliated Investments Advertising, Printing & Publishing $ 43,828 $ — $ — $ — $ — $ 432 $ — $ 44,260 Aerospace & Defense 24,354 — — — — — — 24,354 Automotive 59,915 23,621 — — — 350 — 83,886 Aviation and Consumer Transport 17,147 — — — — — — 17,147 Beverage, Food & Tobacco 103,684 — — — 448 1,409 — 105,541 Business Services 208,368 67,425 — — 89 1,940 — 277,822 Chemicals, Plastics & Rubber 23,212 — — — — — — 23,212 Construction & Building 30,121 — — — — 500 — 30,621 Consumer Goods – Durable 20,699 — — — — 107 — 20,806 Consumer Goods – Non-durable 74,649 — — — 492 2,135 — 77,276 Consumer Services 178,850 — — — — — — 178,850 Diversified Investment Vehicles, Banking, Finance, Real Estate 29,914 — — — — — — 29,914 Education 36,326 — — — — — — 36,326 Energy – Electricity 7,231 — — — 5,623 4 — 12,858 Healthcare & Pharmaceuticals 435,713 — — — 583 1,015 135 437,446 High Tech Industries 290,725 — — — — 1,000 — 291,725 Hotel, Gaming, Leisure, Restaurants 19,317 — — — — — — 19,317 Insurance 82,930 — — — — — — 82,930 Manufacturing, Capital Equipment 29,798 7,963 — — 11,850 249 — 49,860 Media – Diversified & Production 35,641 — — — — — — 35,641 Retail 31,281 — — — — — — 31,281 Telecommunications — 7,095 — — — — — 7,095 Transportation – Cargo, Distribution 51,592 — — — — — — 51,592 Utilities – Electric 14,606 — — — — — — 14,606 Wholesale 46,995 — — — — 798 — 47,793 Total Non-Controlled / $ 1,896,896 $ 106,104 $ — $ — $ 19,085 $ 9,939 $ 135 $ 2,032,159 Non-Controlled / Affiliated Investments Chemicals, Plastics & Rubber $ — $ — $ — $ — $ — $ 78,729 $ — $ 78,729 Consumer Goods - Durable 4,286 — — — — 1,000 — 5,286 Diversified Investment Vehicles, Banking, Finance, Real Estate — — — 16,998 — — — 16,998 Energy – Electricity — — — — 17,347 393 — 17,740 Energy – Oil & Gas — — — — — 12,271 — 12,271 Total Non-Controlled / Affiliated Investments $ 4,286 $ — $ — $ 16,998 $ 17,347 $ 92,393 $ — $ 131,024 See notes to financial statements. 26 Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Controlled Investments Aviation and Consumer Transport $ 150,000 $ — $ — $ — $ — $ 146,500 $ — $ 296,500 Energy – Oil & Gas 17,838 41 — — — 75,554 — 93,433 High Tech Industries 98,944 — — — 6,000 — — 104,944 Transportation – Cargo, Distribution — — — — — 60,766 — 60,766 Total Controlled Investments $ 266,782 $ 41 $ — $ — $ 6,000 $ 282,820 $ — $ 555,643 Total $ 2,167,964 $ 106,145 $ — $ 16,998 $ 42,432 $ 385,152 $ 135 $ 2,718,826 See notes to financial statements. 27 (35) Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of March 31, 2022: |
STATEMENTS OF OPERATIONS (Unaud
STATEMENTS OF OPERATIONS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Investment Income, Nonoperating [Abstract] | ||||
PIK interest income | $ 1,405 | $ 2,727 | ||
Total Investment Income | $ 58,885 | $ 52,889 | 112,290 | 103,442 |
Expenses | ||||
Management fees | 8,914 | 9,158 | 17,863 | 17,972 |
Performance-based incentive fees | 3,976 | 5,271 | 5,373 | 5,271 |
Interest and other debt expenses | 20,226 | 13,944 | 36,603 | 26,608 |
Administrative services expense | 1,301 | 1,715 | 2,587 | 2,985 |
Other general and administrative expenses | 2,177 | 1,793 | 4,382 | 4,331 |
Total expenses | 36,594 | 31,881 | 66,808 | 57,167 |
Performance-based incentive fee offset | (87) | (147) | (162) | (147) |
Expense reimbursements | (259) | (76) | (488) | (152) |
Net Expenses | 36,248 | 31,658 | 66,158 | 56,868 |
Net Investment Income | 22,637 | 21,231 | 46,132 | 46,574 |
Net realized gains (losses): | ||||
Foreign currency transactions | 294 | (2,565) | 272 | (2,749) |
Net realized gains (losses) | (168) | (64,801) | 124 | (64,705) |
Net realized gains (losses) | (168) | (64,801) | 124 | (64,705) |
Net change in unrealized gains (losses): | ||||
Foreign currency translations | 3,769 | 4,971 | 8,022 | 4,877 |
Net change in unrealized gains (losses) | (6,476) | 69,011 | (24,603) | 75,715 |
Net change in unrealized gains (losses) | (6,476) | 69,011 | (24,603) | 75,715 |
Net Realized and Change in Unrealized Gains (Losses) | (6,644) | 4,210 | (24,479) | 11,010 |
Net Increase (Decrease) in Net Assets Resulting from Operations | $ 15,993 | $ 25,441 | $ 21,653 | $ 57,584 |
Earnings (Loss) Per Share — Basic | $ 0.25 | $ 0.39 | $ 0.34 | $ 0.88 |
Non-controlled/Non-affiliated Investments | ||||
Investment Income, Nonoperating [Abstract] | ||||
Interest income (excluding Payment-in-kind ("PIK") interest income) | $ 46,762 | $ 38,850 | $ 89,210 | $ 79,096 |
Dividend income | 31 | 325 | 56 | 397 |
PIK interest income | 371 | 592 | 785 | 1,792 |
Other income | 1,223 | 994 | 1,499 | 2,181 |
Net realized gains (losses): | ||||
Net realized gains (losses) | (462) | 2,523 | (148) | 2,803 |
Net change in unrealized gains (losses): | ||||
Net change in unrealized gains (losses) | (10,210) | (1,215) | (21,525) | 5,610 |
Non-controlled/Affiliated Investments | ||||
Investment Income, Nonoperating [Abstract] | ||||
Interest income (excluding Payment-in-kind ("PIK") interest income) | 58 | 48 | 106 | 93 |
Dividend income | 220 | 338 | 531 | 649 |
PIK interest income | 20 | 18 | 39 | 34 |
Net realized gains (losses): | ||||
Net realized gains (losses) | 541 | 541 | ||
Net change in unrealized gains (losses): | ||||
Net change in unrealized gains (losses) | (1,548) | 7,434 | (5,038) | 17,433 |
Controlled Investments | ||||
Investment Income, Nonoperating [Abstract] | ||||
Interest income (excluding Payment-in-kind ("PIK") interest income) | 9,498 | 9,342 | 18,600 | 16,499 |
Dividend income | 2,059 | 2,059 | ||
PIK interest income | 465 | 323 | 987 | 642 |
Other income | 237 | 477 | ||
Net realized gains (losses): | ||||
Net realized gains (losses) | (65,300) | (65,300) | ||
Net change in unrealized gains (losses): | ||||
Net change in unrealized gains (losses) | $ 1,513 | $ 57,821 | $ (6,062) | $ 47,795 |
STATEMENTS OF CHANGES IN NET AS
STATEMENTS OF CHANGES IN NET ASSETS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Operations | ||||
Net investment income | $ 22,637 | $ 21,231 | $ 46,132 | $ 46,574 |
Net realized gains (losses) | (168) | (64,801) | 124 | (64,705) |
Net change in unrealized gains (losses) | (6,476) | 69,011 | (24,603) | 75,715 |
Net Increase (Decrease) in Net Assets Resulting from Operations | 15,993 | 25,441 | 21,653 | 57,584 |
Distributions to Shareholders | ||||
Distribution of net investment income | (20,944) | (23,408) | (43,811) | (46,850) |
Net Decrease in Net Assets Resulting from Distributions to Shareholders | 20,944 | 23,408 | 43,811 | 46,850 |
Capital Share Transactions | ||||
Net proceeds from the issuance of common stock | 30,000 | 30,000 | ||
Repurchase of common stock | (5,905) | (1,638) | (7,931) | |
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions | 30,000 | (5,905) | 28,362 | (7,931) |
Net Assets | ||||
Net increase (decrease) in net assets during the period | 25,049 | (3,872) | 6,204 | 2,803 |
Net assets at beginning of period | 985,987 | 1,043,005 | 1,004,832 | 1,036,330 |
Balance at End of Period | $ 1,011,036 | $ 1,039,133 | $ 1,011,036 | $ 1,039,133 |
Capital Share Activity | ||||
Shares issued during the period | 1,932,641 | 1,932,641 | ||
Shares repurchased during the period | (450,953) | (128,522) | (596,525) | |
Shares issued at beginning of period | 63,518,718 | 65,113,604 | 63,647,240 | 65,259,176 |
Common Stock, Shares, Outstanding, Beginning Balance | 63,518,718 | 65,113,604 | 63,647,240 | 65,259,176 |
Shares Issued at End of Period | 65,451,359 | 64,662,651 | 65,451,359 | 64,662,651 |
Common Stock, Shares, Outstanding, Ending Balance | 65,451,359 | 64,662,651 | 65,451,359 | 64,662,651 |
STATEMENTS OF CASH FLOWS (Unaud
STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | 222 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Mar. 31, 2022 | Sep. 30, 2022 | |
Operating Activities | ||||||
Net increase (decrease) in net assets resulting from operations | $ 21,653 | $ 57,584 | ||||
Net realized gains (losses) | $ 168 | $ 64,801 | (124) | 64,705 | ||
Net change in unrealized (gains) losses | 6,476 | (69,011) | 24,603 | (75,715) | ||
Net amortization of premiums and accretion of discounts on investments | (4,249) | (4,623) | ||||
Accretion of discount on notes | 302 | 382 | ||||
Amortization of deferred financing costs | 2,599 | 2,598 | ||||
Increase in gains/(losses) from foreign currency transactions | 272 | (2,743) | ||||
PIK interest and dividends capitalized | (1,405) | (2,727) | ||||
Changes in operating assets and liabilities: | ||||||
Purchases of investments | (340,739) | (583,325) | ||||
Proceeds from sales and repayments of investments | 373,490 | 428,658 | ||||
Decrease (increase) in interest receivable | 2,356 | 439 | ||||
Decrease (increase) in dividends receivable | 434 | (2,707) | ||||
Decrease (increase) in prepaid expenses and other assets | 166 | (425) | ||||
Increase (decrease) in management and performance-based incentive fees payable | 2,891 | 5,616 | ||||
Increase (decrease) in interest payable | 4,468 | 1,340 | ||||
Increase (decrease) in accrued administrative services expense | 686 | 1,485 | ||||
Increase (decrease) in other liabilities and accrued expenses | (162) | 493 | ||||
Net Cash Used in/Provided by Operating Activities | 87,241 | (108,965) | ||||
Financing Activities | ||||||
Issuances of debt | 148,000 | 378,005 | ||||
Payments of debt | (186,543) | (241,178) | ||||
Net proceeds from the issuance of common stock | 30,000 | 30,000 | $ 0 | $ 2,240,067 | ||
Repurchase of common stock | (1,638) | (7,931) | (245,810) | |||
Distributions paid | (45,780) | (46,934) | ||||
Net Cash Used in/Provided by Financing Activities | (55,961) | 81,962 | ||||
Cash, Cash Equivalents and Foreign Currencies | ||||||
Net increase (decrease) in cash, cash equivalents and foreign currencies during the period | 31,280 | (27,003) | ||||
Effect of foreign exchange rate changes on cash and cash equivalents | (142) | (103) | ||||
Cash, cash equivalents and foreign currencies at beginning of period | 30,598 | 54,624 | 54,624 | |||
Cash, Cash Equivalents and Foreign Currencies at the End of Period | $ 61,736 | $ 27,518 | 61,736 | 27,518 | $ 30,598 | $ 61,736 |
Supplemental Disclosure of Cash Flow Information | ||||||
Cash interest paid | 29,090 | 22,288 | ||||
Non-Cash Activity | ||||||
PIK income | $ 1,811 | $ 2,468 |
CONSOLIDATED SCHEDULE OF INVEST
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) £ in Thousands | Sep. 30, 2022 USD ($) shares | Sep. 30, 2022 GBP (£) shares | Mar. 31, 2022 USD ($) shares | Mar. 31, 2022 GBP (£) shares | Mar. 31, 2021 | [15],[17],[18],[22],[28] | |||||
Investment cost | $ 2,718,826,000 | [1],[2],[3] | $ 2,745,829,000 | [4],[5],[6] | |||||||
Fair Value | 2,463,545,000 | [1],[2],[7],[8] | 2,523,173,000 | [4],[5],[9] | |||||||
Preferred Equity - Preferred Stock | |||||||||||
Investment cost | 42,432,000 | 41,152,000 | |||||||||
Fair Value | 38,765,000 | 30,162,000 | |||||||||
Common Equity - Membership Interests | |||||||||||
Investment cost | 385,152,000 | 309,990,000 | |||||||||
Fair Value | 184,302,000 | 125,524,000 | |||||||||
Warrants - Warrants | |||||||||||
Investment cost | 135,000 | 135,000 | |||||||||
Fair Value | $ 80,000 | $ 99,000 | |||||||||
SOFR | |||||||||||
Interest Rate | 0.29% | 0.29% | |||||||||
Bank Bill Swap Rate, BBSW | |||||||||||
Interest Rate | 0.71% | 0.71% | |||||||||
Prime Rate | |||||||||||
Interest Rate | 6.25% | 6.25% | 3.50% | 3.50% | |||||||
First Lien Secured Debt | |||||||||||
Investment cost | $ 2,167,964,000 | $ 2,261,481,000 | |||||||||
Fair Value | 2,146,200,000 | 2,259,506,000 | |||||||||
Second Lien Secured Debt | |||||||||||
Investment cost | 106,145,000 | 116,073,000 | |||||||||
Fair Value | $ 85,450,000 | $ 97,844,000 | |||||||||
Sonar Entertainment | |||||||||||
Maturity Date | Nov. 15, 2021 | Nov. 15, 2021 | Nov. 15, 2021 | Nov. 15, 2021 | |||||||
Advertising, Printing & Publishing | |||||||||||
Investment cost | $ 44,260,000 | [3] | $ 41,811,000 | [6] | |||||||
Fair Value | 44,113,000 | [7],[8] | 42,282,000 | [9],[10] | |||||||
Advertising, Printing & Publishing | FingerPaint Marketing | |||||||||||
Investment cost | 23,367,000 | [3] | 22,561,000 | [6] | |||||||
Fair Value | $ 23,388,000 | [7],[8] | $ 22,843,000 | [9],[10] | |||||||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 30, 2026 | [11],[12],[13],[14] | Dec. 30, 2026 | [11],[12],[13],[14] | Dec. 30, 2026 | [15],[16],[17],[18] | Dec. 30, 2026 | [15],[16],[17],[18] | |||
Par | $ 30,702,000 | [11],[12],[13],[14],[19] | $ 30,818,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 23,175,000 | [3],[11],[12],[13],[14] | 22,373,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 23,119,000 | [7],[8],[11],[12],[13],[14] | $ 22,510,000 | [9],[10],[15],[16],[17],[18] | |||||||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [11],[12],[13],[14] | 6.25% | [11],[12],[13],[14] | 6.25% | [15],[16],[17],[18] | 6.25% | [15],[16],[17],[18] | |||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 30, 2026 | [11],[13],[14],[21] | Dec. 30, 2026 | [11],[13],[14],[21] | Dec. 30, 2026 | [15],[17],[18],[22] | Dec. 30, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,962,000 | [11],[13],[14],[19],[21] | $ 1,962,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (27,000) | [3],[11],[13],[14],[21] | (31,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (29,000) | [7],[8],[11],[13],[14],[21] | $ (20,000) | [9],[10],[15],[17],[18],[22] | |||||||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.75% | [11],[13],[14],[21] | 6.75% | [11],[13],[14],[21] | 6.25% | [15],[17],[18],[22] | 6.25% | [15],[17],[18],[22] | |||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Acquisition Company | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Advertising, Printing & Publishing | FingerPaint Marketing | KL Charlie Co-Invest, L.P. | Common Equity - Common Stock | |||||||||||
Shares | shares | 218,978 | [14],[23] | 218,978 | [14],[23] | 218,978 | [18],[24] | 218,978 | [18],[24] | |||
Investment cost | $ 219,000 | [3],[14],[23] | $ 219,000 | [6],[18],[24] | |||||||
Fair Value | 298,000 | [7],[8],[14],[23] | 353,000 | [9],[10],[18],[24] | |||||||
Advertising, Printing & Publishing | Hero Digital | |||||||||||
Investment cost | 20,893,000 | [3] | 19,250,000 | [6] | |||||||
Fair Value | $ 20,725,000 | [7],[8] | $ 19,439,000 | [9],[10] | |||||||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Nov. 18, 2028 | [11],[12],[13],[14] | Nov. 18, 2028 | [11],[12],[13],[14] | Nov. 18, 2028 | [15],[17],[18],[25] | Nov. 18, 2028 | [15],[17],[18],[25] | |||
Par | $ 27,087,000 | [11],[12],[13],[14],[19] | $ 27,186,000 | [15],[17],[18],[20],[25] | |||||||
Investment cost | 19,021,000 | [3],[11],[12],[13],[14] | 19,084,000 | [6],[15],[17],[18],[25] | |||||||
Fair Value | $ 18,900,000 | [7],[8],[11],[12],[13],[14] | $ 19,253,000 | [9],[10],[15],[17],[18],[25] | |||||||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [11],[12],[13],[14] | 6% | [11],[12],[13],[14] | 6% | [15],[17],[18],[25] | 6% | [15],[17],[18],[25] | |||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[17],[18],[25] | 1% | [15],[17],[18],[25] | |||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Nov. 18, 2026 | [11],[13],[14],[26],[27] | Nov. 18, 2026 | [11],[13],[14],[26],[27] | Nov. 18, 2026 | [15],[17],[18],[22],[28] | Nov. 18, 2026 | [15],[17],[18],[22],[28] | |||
Par | $ 2,298,000 | [11],[13],[14],[19],[26],[27] | $ 2,553,000 | [15],[17],[18],[20],[22],[28] | |||||||
Investment cost | 1,408,000 | [3],[11],[13],[14],[26],[27] | (47,000) | [6],[15],[17],[18],[22],[28] | |||||||
Fair Value | $ 1,402,000 | [7],[8],[11],[13],[14],[26],[27] | $ (26,000) | [9],[10],[15],[17],[18],[22],[28] | |||||||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[26],[27] | 6% | [11],[13],[14],[26],[27] | 6% | ||||||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[26],[27] | 1% | [11],[13],[14],[26],[27] | 1% | [15],[17],[18],[22],[28] | 1% | [15],[17],[18],[22],[28] | |||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[14],[29] | Nov. 18, 2026 | Nov. 18, 2026 | ||||||||
Par | [11],[14],[19],[29] | $ 255,000 | |||||||||
Investment cost | [3],[11],[14],[29] | 251,000 | |||||||||
Fair Value | [7],[8],[11],[14],[29] | $ 250,000 | |||||||||
Advertising, Printing & Publishing | Hero Digital | HRO (Hero Digital) Holdings, LLC | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [11],[14],[29] | 5% | 5% | ||||||||
Advertising, Printing & Publishing | Hero Digital | HRO Holdings I LP | Common Equity - Common Stock | |||||||||||
Shares | shares | 213 | [14],[23],[30] | 213 | [14],[23],[30] | 213 | [18],[24],[31] | 213 | [18],[24],[31] | |||
Investment cost | $ 213,000 | [3],[14],[23],[30] | $ 213,000 | [6],[18],[24],[31] | |||||||
Fair Value | 173,000 | [7],[8],[14],[23],[30] | 212,000 | [9],[10],[18],[24],[31] | |||||||
Aerospace & Defense | Erickson Inc | |||||||||||
Investment cost | 24,354,000 | [3] | 27,378,000 | [6] | |||||||
Fair Value | $ 24,069,000 | [7],[8] | $ 27,027,000 | [9],[10] | |||||||
Aerospace & Defense | Erickson Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 20, 2024 | [11],[13],[26],[27] | May 20, 2024 | [11],[13],[26],[27] | Apr. 28, 2022 | [15],[16],[17],[18],[28] | Apr. 28, 2022 | [15],[16],[17],[18],[28] | |||
Par | $ 32,250,000 | [11],[13],[19],[26],[27] | $ 32,250,000 | [15],[16],[17],[18],[20],[28] | |||||||
Investment cost | 24,354,000 | [3],[11],[13],[26],[27] | 23,628,000 | [6],[15],[16],[17],[18],[28] | |||||||
Fair Value | $ 24,069,000 | [7],[8],[11],[13],[26],[27] | $ 23,315,000 | [9],[10],[15],[16],[17],[18],[28] | |||||||
Aerospace & Defense | Erickson Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[16],[17],[18],[28] | 7.50% | 7.50% | ||||||||
Aerospace & Defense | Erickson Inc | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[26],[27] | 8% | 8% | ||||||||
Aerospace & Defense | Erickson Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[26],[27] | 1% | [11],[13],[26],[27] | 1.50% | [15],[16],[17],[18],[28] | 1.50% | [15],[16],[17],[18],[28] | |||
Aerospace & Defense | Erickson Inc | First Lien Secured Debt - Revolver | |||||||||||
Interest Rate | [15],[18] | 13.50% | 13.50% | ||||||||
Maturity Date | [15],[18] | Apr. 28, 2022 | Apr. 28, 2022 | ||||||||
Par | [15],[18],[20] | $ 3,750,000 | |||||||||
Investment cost | [6],[15],[18] | 3,750,000 | |||||||||
Fair Value | [9],[10],[15],[18] | 3,712,000 | |||||||||
Automotive | |||||||||||
Investment cost | $ 83,886,000 | [3] | 78,032,000 | [6] | |||||||
Fair Value | $ 72,873,000 | [7],[8] | 73,449,000 | [9],[10] | |||||||
Automotive | K&N Parent, Inc. | Second Lien Secured Debt | |||||||||||
Interest Rate | [12],[32] | 8.75% | 8.75% | ||||||||
Maturity Date | [12],[32] | Oct. 21, 2024 | Oct. 21, 2024 | ||||||||
Par | [12],[19],[32] | $ 23,765,000 | |||||||||
Investment cost | [3],[12],[32] | 23,621,000 | |||||||||
Fair Value | [7],[8],[12],[32] | 14,235,000 | |||||||||
Automotive | Club Car Wash | |||||||||||
Investment cost | 27,081,000 | [3] | 22,897,000 | [6] | |||||||
Fair Value | $ 26,605,000 | [7],[8] | $ 22,988,000 | [9],[10] | |||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 16, 2027 | [11],[13],[14],[33] | Jun. 16, 2027 | [11],[13],[14],[33] | Jun. 16, 2027 | [15],[17],[18],[25] | Jun. 16, 2027 | [15],[17],[18],[25] | |||
Par | $ 29,808,000 | [11],[13],[14],[19],[33] | $ 29,931,000 | [15],[17],[18],[20],[25] | |||||||
Investment cost | 27,115,000 | [3],[11],[13],[14],[33] | 22,934,000 | [6],[15],[17],[18],[25] | |||||||
Fair Value | $ 26,676,000 | [7],[8],[11],[13],[14],[33] | $ 23,018,000 | [9],[10],[15],[17],[18],[25] | |||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[17],[18],[25] | 6.50% | 6.50% | ||||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 6.50% | 6.50% | ||||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[33] | 1% | [11],[13],[14],[33] | 1% | [15],[17],[18],[25] | 1% | [15],[17],[18],[25] | |||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 16, 2027 | [11],[13],[14],[21] | Jun. 16, 2027 | [11],[13],[14],[21] | Jun. 16, 2027 | [15],[17],[18],[22] | Jun. 16, 2027 | [15],[17],[18],[22] | |||
Par | $ 2,438,000 | [11],[13],[14],[19],[21] | $ 2,438,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (34,000) | [3],[11],[13],[14],[21] | (37,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (71,000) | [7],[8],[11],[13],[14],[21] | $ (30,000) | [9],[10],[15],[17],[18],[22] | |||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 6.50% | 6.50% | ||||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 6.50% | 6.50% | ||||||||
Automotive | Club Car Wash | Club Car Wash Operating, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Automotive | Crowne Automotive | |||||||||||
Investment cost | $ 1,284,000 | [3] | $ 1,284,000 | [6] | |||||||
Fair Value | $ 359,000 | [7],[8] | $ 558,000 | [9],[10] | |||||||
Automotive | Crowne Automotive | Vari-Form Group, LLC | First Lien Secured Debt | |||||||||||
Interest Rate | 11% | [12],[14],[32] | 11% | [12],[14],[32] | 11% | [18],[34] | 11% | [18],[34] | |||
Interest Rate, Paid in Kind | 4% | [12],[14],[32] | 4% | [12],[14],[32] | 4% | [18],[34] | 4% | [18],[34] | |||
Maturity Date | Feb. 02, 2023 | [12],[14],[32] | Feb. 02, 2023 | [12],[14],[32] | Feb. 02, 2023 | [18],[34] | Feb. 02, 2023 | [18],[34] | |||
Par | $ 5,860,000 | [12],[14],[19],[32] | $ 5,860,000 | [18],[20],[34] | |||||||
Investment cost | 893,000 | [3],[12],[14],[32] | 893,000 | [6],[18],[34] | |||||||
Fair Value | $ 264,000 | [7],[8],[12],[14],[32] | $ 410,000 | [9],[10],[18],[34] | |||||||
Automotive | Crowne Automotive | Vari-Form Group, LLC | First Lien Secured Debt | Cash | |||||||||||
Interest Rate | 7% | [12],[14],[32] | 7% | [12],[14],[32] | 7% | [18],[34] | 7% | [18],[34] | |||
Automotive | Crowne Automotive | Vari-Form Inc. | First Lien Secured Debt | |||||||||||
Interest Rate | 11% | [12],[14],[32] | 11% | [12],[14],[32] | 11% | [18],[34] | 11% | [18],[34] | |||
Interest Rate, Paid in Kind | 4% | [12],[14],[32] | 4% | [12],[14],[32] | 4% | [18],[34] | 4% | [18],[34] | |||
Maturity Date | Feb. 02, 2023 | [12],[14],[32] | Feb. 02, 2023 | [12],[14],[32] | Feb. 02, 2023 | [18],[34] | Feb. 02, 2023 | [18],[34] | |||
Par | $ 2,110,000 | [12],[14],[19],[32] | $ 2,110,000 | [18],[20],[34] | |||||||
Investment cost | 391,000 | [3],[12],[14],[32] | 391,000 | [6],[18],[34] | |||||||
Fair Value | $ 95,000 | [7],[8],[12],[14],[32] | $ 148,000 | [9],[10],[18],[34] | |||||||
Automotive | Crowne Automotive | Vari-Form Inc. | First Lien Secured Debt | Cash | |||||||||||
Interest Rate | 7% | [12],[14],[32] | 7% | [12],[14],[32] | 7% | [18],[34] | 7% | [18],[34] | |||
Automotive | K&N Parent, Inc. | Second Lien Secured Debt | |||||||||||
Maturity Date | [16] | Oct. 21, 2024 | Oct. 21, 2024 | ||||||||
Par | [16],[20] | $ 23,765,000 | |||||||||
Investment cost | [6],[16] | 23,605,000 | |||||||||
Fair Value | [9],[10],[16] | $ 19,724,000 | |||||||||
Automotive | K&N Parent, Inc. | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [16] | 8.75% | 8.75% | ||||||||
Automotive | K&N Parent, Inc. | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16] | 1% | 1% | ||||||||
Automotive | Truck-Lite Co., LLC | |||||||||||
Investment cost | $ 31,900,000 | [3] | $ 30,246,000 | [6] | |||||||
Fair Value | $ 31,674,000 | [7],[8] | $ 30,179,000 | [9],[10] | |||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 14, 2026 | [14],[35] | Dec. 14, 2026 | [14],[35] | Dec. 14, 2026 | [15],[16],[17],[18] | Dec. 14, 2026 | [15],[16],[17],[18] | |||
Par | $ 31,816,000 | [14],[19],[35] | $ 31,287,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 31,333,000 | [3],[14],[35] | 29,655,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 31,114,000 | [7],[8],[14],[35] | $ 29,533,000 | [9],[10],[15],[16],[17],[18] | |||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 6.25% | 6.25% | ||||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[35] | 6.25% | 6.25% | ||||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[35] | 1% | [14],[35] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 13, 2024 | [11],[13],[14],[26],[36] | Dec. 13, 2024 | [11],[13],[14],[26],[36] | Dec. 13, 2024 | [15],[17],[18],[37] | Dec. 13, 2024 | [15],[17],[18],[37] | |||
Par | $ 3,052,000 | [11],[13],[14],[19],[26],[36] | $ 3,052,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 217,000 | [3],[11],[13],[14],[26],[36] | 241,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 181,000 | [7],[8],[11],[13],[14],[26],[36] | $ 226,000 | [9],[10],[15],[17],[18],[37] | |||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[37] | 6.25% | 6.25% | ||||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[26],[36] | 6.25% | 6.25% | ||||||||
Automotive | Truck-Lite Co., LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[26],[36] | 1% | [11],[13],[14],[26],[36] | 1% | [15],[17],[18],[28],[37] | 1% | [15],[17],[18],[28],[37] | |||
Automotive | Truck-Lite Co., LLC | TL Lighting Holdings, LLC | Common Equity - Equity | |||||||||||
Shares | shares | 350 | [14],[23] | 350 | [14],[23] | 350 | [18],[24] | 350 | [18],[24] | |||
Investment cost | $ 350,000 | [3],[14],[23] | $ 350,000 | [6],[18],[24] | |||||||
Fair Value | 379,000 | [7],[8],[14],[23] | 420,000 | [9],[10],[18],[24] | |||||||
Aviation and Consumer Transport | |||||||||||
Investment cost | 313,647,000 | [3] | 327,979,000 | [6] | |||||||
Fair Value | 282,813,000 | [7],[8] | 315,780,000 | [9],[10] | |||||||
Aviation and Consumer Transport | Merx Aviation Finance, LLC | |||||||||||
Investment cost | 296,500,000 | [3] | 310,800,000 | [6],[38] | |||||||
Fair Value | 265,609,000 | [7],[8] | 298,509,000 | [9],[10],[38] | |||||||
Aviation and Consumer Transport | Merx Aviation Finance, LLC | Common Equity - Membership Interests | |||||||||||
Investment cost | 146,500,000 | [3],[30] | 35,800,000 | [6],[31],[38] | |||||||
Fair Value | $ 115,609,000 | [7],[8],[30] | $ 23,509,000 | [9],[10],[31],[38] | |||||||
Aviation and Consumer Transport | Merx Aviation Finance, LLC | First Lien Secured Debt - Revolver | |||||||||||
Interest Rate | 10% | [11],[26] | 10% | [11],[26] | 10% | [15],[28],[38] | 10% | [15],[28],[38] | |||
Maturity Date | Oct. 31, 2023 | [11],[26] | Oct. 31, 2023 | [11],[26] | Oct. 31, 2023 | [15],[28],[38] | Oct. 31, 2023 | [15],[28],[38] | |||
Par | $ 204,677,000 | [11],[19],[26] | $ 275,177,000 | [15],[20],[28],[38] | |||||||
Investment cost | 150,000,000 | [3],[11],[26] | 275,000,000 | [6],[15],[28],[38] | |||||||
Fair Value | $ 150,000,000 | [7],[8],[11],[26] | $ 275,000,000 | [9],[10],[15],[28],[38] | |||||||
Aviation and Consumer Transport | Primeflight | PrimeFlight Aviation Services, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | May 09, 2024 | [12],[14] | May 09, 2024 | [12],[14] | May 09, 2024 | [18],[37] | May 09, 2024 | [18],[37] | |||
Par | $ 17,290,000 | [12],[14],[19] | $ 17,353,000 | [18],[20],[37] | |||||||
Investment cost | 17,147,000 | [3],[12],[14] | 17,179,000 | [6],[18],[37] | |||||||
Fair Value | $ 17,204,000 | [7],[8],[12],[14] | $ 17,271,000 | [9],[10],[18],[37] | |||||||
Aviation and Consumer Transport | Primeflight | PrimeFlight Aviation Services, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [12],[14] | 6.25% | [12],[14] | 6.25% | [18],[37] | 6.25% | [18],[37] | |||
Aviation and Consumer Transport | Primeflight | PrimeFlight Aviation Services, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [18],[37] | 1% | [18],[37] | |||
Beverage, Food & Tobacco | |||||||||||
Investment cost | $ 105,541,000 | [3] | $ 129,666,000 | [6] | |||||||
Fair Value | 105,582,000 | [7],[8] | 130,342,000 | [9],[10] | |||||||
Beverage, Food & Tobacco | Berner Foods | |||||||||||
Investment cost | 31,762,000 | [3] | 31,603,000 | [6] | |||||||
Fair Value | $ 32,223,000 | [7],[8] | $ 31,950,000 | [9],[10] | |||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 30, 2027 | [12],[14] | Jul. 30, 2027 | [12],[14] | Jul. 30, 2027 | [18],[25] | Jul. 30, 2027 | [18],[25] | |||
Par | $ 30,807,000 | [12],[14],[19] | $ 30,963,000 | [18],[20],[25] | |||||||
Investment cost | 30,228,000 | [3],[12],[14] | 30,334,000 | [6],[18],[25] | |||||||
Fair Value | $ 30,653,000 | [7],[8],[12],[14] | $ 30,653,000 | [9],[10],[18],[25] | |||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [12],[14] | 5.50% | [12],[14] | 6.50% | [18],[25] | 6.50% | [18],[25] | |||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [18],[25] | 1% | [18],[25] | |||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jul. 30, 2026 | [11],[13],[14],[29] | Jul. 30, 2026 | [11],[13],[14],[29] | Jul. 30, 2026 | [15],[17],[18],[25] | Jul. 30, 2026 | [15],[17],[18],[25] | |||
Par | $ 1,008,000 | [11],[13],[14],[19],[29] | $ 2,132,000 | [15],[17],[18],[20],[25] | |||||||
Investment cost | 990,000 | [3],[11],[13],[14],[29] | 535,000 | [6],[15],[17],[18],[25] | |||||||
Fair Value | $ 1,003,000 | [7],[8],[11],[13],[14],[29] | $ 555,000 | [9],[10],[15],[17],[18],[25] | |||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[25] | 6.50% | 6.50% | ||||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [11],[13],[14],[29] | 4.50% | 4.50% | ||||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[25] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jul. 30, 2026 | [11],[12],[13],[14] | Jul. 30, 2026 | [11],[12],[13],[14] | Jul. 30, 2026 | [15],[18],[39] | Jul. 30, 2026 | [15],[18],[39] | |||
Par | $ 1,873,000 | [11],[12],[13],[14],[19] | $ 749,000 | [15],[18],[20],[39] | |||||||
Investment cost | 544,000 | [3],[11],[12],[13],[14] | 734,000 | [6],[15],[18],[39] | |||||||
Fair Value | $ 567,000 | [7],[8],[11],[12],[13],[14] | $ 742,000 | [9],[10],[15],[18],[39] | |||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [11],[12],[13],[14] | 5.50% | 5.50% | ||||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [15],[18],[39] | 5.50% | 5.50% | ||||||||
Beverage, Food & Tobacco | Berner Foods | Berner Food & Beverage, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[12],[13],[14] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Bolthouse Farms | Wm. Bolthouse Farms, Inc. | Common Equity/Interests | |||||||||||
Shares | shares | 1,086,122 | [23],[30] | 1,086,122 | [23],[30] | 1,000,000 | [24] | 1,000,000 | [24] | |||
Investment cost | $ 1,147,000 | [3],[23],[30] | $ 1,001,000 | [6],[24] | |||||||
Fair Value | 1,292,000 | [7],[8],[23],[30] | $ 1,080,000 | [9],[10],[24] | |||||||
Beverage, Food & Tobacco | Hive | |||||||||||
Investment cost | [3] | 17,173,000 | |||||||||
Fair Value | [7],[8] | $ 16,602,000 | |||||||||
Beverage, Food & Tobacco | Hive | Common Equity - Common Stock | |||||||||||
Shares | shares | [14],[23] | 589 | 589 | ||||||||
Investment cost | [3],[14],[23] | $ 3,000 | |||||||||
Beverage, Food & Tobacco | Hive | Preferred Equity - Preferred Stock | |||||||||||
Shares | shares | [14],[23] | 589 | 589 | ||||||||
Investment cost | [3],[14],[23] | $ 448,000 | |||||||||
Fair Value | [7],[8],[14],[23] | $ 339,000 | |||||||||
Beverage, Food & Tobacco | Hive | LIBOR | |||||||||||
Spread | [13],[14],[21],[27],[40] | 6% | 6% | ||||||||
Beverage, Food & Tobacco | Hive | Floor Rate | |||||||||||
Interest Rate | [13],[14],[21],[27],[40] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Hive | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[27] | Sep. 22, 2027 | Sep. 22, 2027 | ||||||||
Par | [14],[19],[27] | $ 17,037,000 | |||||||||
Investment cost | [3],[14],[27] | 16,759,000 | |||||||||
Fair Value | [7],[8],[14],[27] | $ 16,356,000 | |||||||||
Beverage, Food & Tobacco | Hive | FCP-Hive Holdings, LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | [18],[24],[31] | 589 | 589 | ||||||||
Investment cost | [6],[18],[24],[31] | $ 3,000 | |||||||||
Fair Value | [9],[10],[18],[24],[31] | $ 20,000 | |||||||||
Beverage, Food & Tobacco | Hive | FCP-Hive Holdings, LLC | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | [18],[24],[31] | 589 | 589 | ||||||||
Investment cost | [6],[18],[24],[31] | $ 448,000 | |||||||||
Fair Value | [9],[10],[18],[24],[31] | 484,000 | |||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | |||||||||||
Investment cost | [6] | 17,232,000 | |||||||||
Fair Value | [9],[10] | $ 17,433,000 | |||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [18],[37] | Sep. 22, 2027 | Sep. 22, 2027 | ||||||||
Par | [18],[20],[37] | $ 17,123,000 | |||||||||
Investment cost | [6],[18],[37] | 16,822,000 | |||||||||
Fair Value | [9],[10],[18],[37] | $ 16,952,000 | |||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6% | 6% | ||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [18],[37] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 22, 2027 | [13],[14],[21],[40] | Sep. 22, 2027 | [13],[14],[21],[40] | Sep. 22, 2027 | [15],[17],[18],[22] | Sep. 22, 2027 | [15],[17],[18],[22] | |||
Par | $ 2,326,000 | [13],[14],[19],[21],[40] | $ 2,326,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (37,000) | [3],[13],[14],[21],[40] | (41,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (93,000) | [7],[8],[13],[14],[21],[40] | $ (23,000) | [9],[10],[15],[17],[18],[22] | |||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 6% | 6% | ||||||||
Beverage, Food & Tobacco | Hive | Hive Intermediate, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[22] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Orgain, Inc. | Butterfly Fighter Co-Invest, L.P. | Common Equity - Membership Interests | |||||||||||
Shares | shares | 490,000 | 490,000 | 1,000,000 | 1,000,000 | |||||||
Investment cost | $ 90,000 | [3] | $ 1,005,000 | [6] | |||||||
Fair Value | 902,000 | [7],[8] | 1,648,000 | [9],[10] | |||||||
Beverage, Food & Tobacco | Rise Baking | |||||||||||
Investment cost | 28,204,000 | [3] | 28,040,000 | [6] | |||||||
Fair Value | $ 27,753,000 | [7],[8] | $ 27,871,000 | [9],[10] | |||||||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 13, 2027 | [12],[14] | Aug. 13, 2027 | [12],[14] | Aug. 13, 2027 | [16],[18] | Aug. 13, 2027 | [16],[18] | |||
Par | $ 26,556,000 | [12],[14],[19] | $ 26,690,000 | [16],[18],[20] | |||||||
Investment cost | 26,001,000 | [3],[12],[14] | 26,086,000 | [6],[16],[18] | |||||||
Fair Value | $ 25,600,000 | [7],[8],[12],[14] | $ 25,935,000 | [9],[10],[16],[18] | |||||||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.50% | [12],[14] | 6.50% | [12],[14] | 6.25% | [16],[18] | 6.25% | [16],[18] | |||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 13, 2027 | [11],[12],[13],[14],[26] | Aug. 13, 2027 | [11],[12],[13],[14],[26] | Aug. 13, 2027 | [15],[16],[17],[18],[25],[28] | Aug. 13, 2027 | [15],[16],[17],[18],[25],[28] | |||
Par | $ 3,243,000 | [11],[12],[13],[14],[19],[26] | $ 3,243,000 | [15],[16],[17],[18],[20],[25],[28] | |||||||
Investment cost | 2,203,000 | [3],[11],[12],[13],[14],[26] | 1,954,000 | [6],[15],[16],[17],[18],[25],[28] | |||||||
Fair Value | $ 2,153,000 | [7],[8],[11],[12],[13],[14],[26] | $ 1,936,000 | [9],[10],[15],[16],[17],[18],[25],[28] | |||||||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[12],[13],[14],[26] | 6.50% | [11],[12],[13],[14],[26] | 6.25% | [15],[16],[17],[18],[25],[28] | 6.25% | [15],[16],[17],[18],[25],[28] | |||
Beverage, Food & Tobacco | Rise Baking | Ultimate Baked Goods Midco LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14],[26] | 1% | [11],[12],[13],[14],[26] | 1% | [15],[16],[17],[18],[25],[28] | 1% | [15],[16],[17],[18],[25],[28] | |||
Beverage, Food & Tobacco | TNT Crust LLC | |||||||||||
Investment cost | [6] | $ 24,627,000 | |||||||||
Fair Value | [9],[10] | $ 24,480,000 | |||||||||
Beverage, Food & Tobacco | TNT Crust LLC | Common Equity - Series A Units | |||||||||||
Shares | shares | [18],[24] | 244 | 244 | ||||||||
Investment cost | [6],[18],[24] | $ 30,000 | |||||||||
Fair Value | [9],[10],[18],[24] | $ 172,000 | |||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt | |||||||||||
Interest Rate, Paid in Kind | [16],[18] | 1% | 1% | ||||||||
Maturity Date | [16],[18] | Nov. 06, 2023 | Nov. 06, 2023 | ||||||||
Par | [16],[18],[20] | $ 21,706,000 | |||||||||
Investment cost | [6],[16],[18] | 21,512,000 | |||||||||
Fair Value | [9],[10],[16],[18] | $ 21,272,000 | |||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 6.75% | 6.75% | ||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16],[18] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt - Revolver | |||||||||||
Interest Rate, Paid in Kind | [15],[17],[18],[25] | 1% | 1% | ||||||||
Maturity Date | [15],[17],[18],[25] | Nov. 06, 2023 | Nov. 06, 2023 | ||||||||
Par | [15],[17],[18],[20],[25] | $ 3,252,000 | |||||||||
Investment cost | [6],[15],[17],[18],[25] | 3,085,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[25] | $ 3,036,000 | |||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[25] | 6.75% | 6.75% | ||||||||
Beverage, Food & Tobacco | TNT Crust LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[25] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | |||||||||||
Investment cost | $ 27,165,000 | [3] | $ 26,158,000 | [6] | |||||||
Fair Value | $ 26,810,000 | [7],[8] | $ 25,880,000 | [9],[10] | |||||||
Beverage, Food & Tobacco | Turkey Hill | IC Holdings LLC | Common Equity - Series A Units | |||||||||||
Shares | shares | 169 | [14],[23] | 169 | [14],[23] | 169 | [18],[24] | 169 | [18],[24] | |||
Investment cost | $ 169,000 | [3],[14],[23] | $ 169,000 | [6],[18],[24] | |||||||
Fair Value | $ 133,000 | [7],[8],[14],[23] | $ 160,000 | [9],[10],[18],[24] | |||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt | |||||||||||
Maturity Date | May 31, 2025 | [12],[14] | May 31, 2025 | [12],[14] | May 31, 2025 | [16],[18] | May 31, 2025 | [16],[18] | |||
Par | $ 25,343,000 | [12],[14],[19] | $ 25,110,000 | [16],[18],[20] | |||||||
Investment cost | 25,093,000 | [3],[12],[14] | 24,824,000 | [6],[16],[18] | |||||||
Fair Value | $ 24,836,000 | [7],[8],[12],[14] | $ 24,608,000 | [9],[10],[16],[18] | |||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [12],[14] | 6% | [12],[14] | 6% | [16],[18] | 6% | [16],[18] | |||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16],[18] | 1% | 1% | ||||||||
Interest Rate, Paid in Kind | [12],[14] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt | PIK | |||||||||||
Interest Rate | [12],[14] | 2% | 2% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 31, 2024 | [11],[12],[13],[14],[26] | May 31, 2024 | [11],[12],[13],[14],[26] | May 31, 2024 | [15],[17],[18],[28],[39] | May 31, 2024 | [15],[17],[18],[28],[39] | |||
Par | $ 4,494,000 | [11],[12],[13],[14],[19],[26] | $ 4,494,000 | [15],[17],[18],[20],[28],[39] | |||||||
Investment cost | 1,903,000 | [3],[11],[12],[13],[14],[26] | 1,165,000 | [6],[15],[17],[18],[28],[39] | |||||||
Fair Value | $ 1,841,000 | [7],[8],[11],[12],[13],[14],[26] | $ 1,112,000 | [9],[10],[15],[17],[18],[28],[39] | |||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [11],[12],[13],[14],[26] | 6% | 6% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [15],[17],[18],[28],[39] | 5% | 5% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate, Paid in Kind | [11],[12],[13],[14],[26] | 1% | 1% | ||||||||
Beverage, Food & Tobacco | Turkey Hill | THLP CO. LLC | First Lien Secured Debt - Revolver | PIK | |||||||||||
Interest Rate | [11],[12],[13],[14],[26] | 2% | 2% | ||||||||
Business Services | |||||||||||
Investment cost | $ 277,822,000 | [3] | $ 283,313,000 | [6] | |||||||
Fair Value | $ 264,166,000 | [8] | $ 270,237,000 | [9],[10] | |||||||
Business Services | Ambrosia Buyer Corp. | Second Lien Secured Debt | |||||||||||
Interest Rate | 8% | [32] | 8% | [32] | 8% | [34] | 8% | [34] | |||
Maturity Date | Aug. 28, 2025 | [32] | Aug. 28, 2025 | [32] | Aug. 28, 2025 | [34] | Aug. 28, 2025 | [34] | |||
Par | $ 21,429,000 | [19],[32] | $ 21,429,000 | [20],[34] | |||||||
Investment cost | 17,722,000 | [3],[32] | 18,582,000 | [6],[34] | |||||||
Fair Value | $ 7,048,000 | [3],[7],[8],[32] | $ 5,657,000 | [9],[10],[34] | |||||||
Business Services | Continuum Global Solutions L L C | Preferred Equity - Preferred Stock | Common Equity - Equity | |||||||||||
Shares | shares | [14],[23] | 775 | 775 | ||||||||
Investment cost | [3],[14],[23] | $ 78,000 | |||||||||
Fair Value | [8],[14],[23] | $ 78,000 | |||||||||
Business Services | Electro Rent Corporation | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 9% | 9% | ||||||||
Business Services | Electro Rent Corporation | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16],[18] | 1% | 1% | ||||||||
Business Services | Electro Rent Corporation | Second Lien Secured Debt | |||||||||||
Maturity Date | Jan. 31, 2025 | [12],[14] | Jan. 31, 2025 | [12],[14] | Jan. 31, 2025 | [16],[18] | Jan. 31, 2025 | [16],[18] | |||
Par | $ 34,235,000 | [12],[14],[19] | $ 34,235,000 | [16],[18],[20] | |||||||
Investment cost | 33,869,000 | [3],[12],[14] | 33,806,000 | [6],[16],[18] | |||||||
Fair Value | $ 34,064,000 | [8],[12],[14] | $ 34,064,000 | [9],[10],[16],[18] | |||||||
Business Services | Electro Rent Corporation | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [12],[14] | 9% | 9% | ||||||||
Business Services | Electro Rent Corporation | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12],[14] | 1% | 1% | ||||||||
Business Services | Access Information | LIBOR | |||||||||||
Spread | [12] | 7.75% | 7.75% | ||||||||
Business Services | Access Information | Floor Rate | |||||||||||
Interest Rate | [12] | 0% | 0% | ||||||||
Business Services | Access Information | Access CIG, LLC | Second Lien Secured Debt | |||||||||||
Maturity Date | Feb. 27, 2026 | [12] | Feb. 27, 2026 | [12] | Feb. 27, 2026 | [37] | Feb. 27, 2026 | [37] | |||
Par | $ 15,900,000 | [12],[19] | $ 15,900,000 | [20],[37] | |||||||
Investment cost | 15,834,000 | [3],[12] | 15,829,000 | [6],[37] | |||||||
Fair Value | 15,662,000 | [7],[8],[12] | $ 15,787,000 | [9],[10],[37] | |||||||
Business Services | Access Information | Access CIG, LLC | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [37] | 7.75% | 7.75% | ||||||||
Business Services | Access Information | Access CIG, LLC | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [37] | 0% | 0% | ||||||||
Business Services | AlpineX | |||||||||||
Investment cost | 21,690,000 | [3] | $ 11,623,000 | [6] | |||||||
Fair Value | $ 21,480,000 | [3],[7],[8] | $ 11,584,000 | [9],[10] | |||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 27, 2027 | [14],[33] | Dec. 27, 2027 | [14],[33] | Dec. 27, 2027 | [15],[16],[17],[18] | Dec. 27, 2027 | [15],[16],[17],[18] | |||
Par | $ 16,353,000 | [14],[19],[33] | $ 16,383,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 16,058,000 | [3],[14],[33] | 11,644,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 15,825,000 | [7],[8],[14],[33] | $ 11,605,000 | [9],[10],[15],[16],[17],[18] | |||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 6% | 6% | ||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 5.75% | 5.75% | ||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 27, 2027 | [11],[14],[33] | Dec. 27, 2027 | [11],[14],[33] | Dec. 27, 2027 | [15],[17],[18],[22] | Dec. 27, 2027 | [15],[17],[18],[22] | |||
Par | $ 1,489,000 | [11],[14],[19],[33] | $ 1,117,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 563,000 | [3],[11],[14],[33] | (21,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ 573,000 | [7],[8],[11],[14],[33] | $ (21,000) | [9],[10],[15],[17],[18],[22] | |||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 6% | 6% | ||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[14],[33] | 6% | 6% | ||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[33] | 1% | [11],[14],[33] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[33] | Dec. 27, 2027 | Dec. 27, 2027 | ||||||||
Par | [14],[19],[33] | $ 5,213,000 | |||||||||
Investment cost | [3],[14],[33] | 5,069,000 | |||||||||
Fair Value | [7],[8],[14],[33] | $ 5,082,000 | |||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 6% | 6% | ||||||||
Business Services | AlpineX | Alpinex Opco L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [14],[33] | 1% | 1% | ||||||||
Business Services | AML Rightsource | Gabriel Partners, LLC | |||||||||||
Investment cost | $ 30,912,000 | [3] | $ 31,018,000 | [6] | |||||||
Fair Value | $ 30,617,000 | [8] | $ 31,331,000 | [9],[10] | |||||||
Business Services | AML Rightsource | Gabriel Partners, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 21, 2026 | [14],[27] | Sep. 21, 2026 | [14],[27] | Sep. 21, 2026 | [18],[25] | Sep. 21, 2026 | [18],[25] | |||
Par | $ 31,293,000 | [14],[19],[27] | $ 31,451,000 | [18],[20],[25] | |||||||
Investment cost | 30,791,000 | [3],[14],[27] | 30,898,000 | [6],[18],[25] | |||||||
Fair Value | $ 30,504,000 | [8],[14],[27] | $ 31,203,000 | [9],[10],[18],[25] | |||||||
Business Services | AML Rightsource | Gabriel Partners, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[27] | 6% | [14],[27] | 6% | [18],[25] | 6% | [18],[25] | |||
Business Services | AML Rightsource | Gabriel Partners, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[25] | 1% | [18],[25] | |||
Business Services | AML Rightsource | Gabriel Partners, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 21, 2026 | [11],[13],[14],[29] | Sep. 21, 2026 | [11],[13],[14],[29] | Sep. 21, 2026 | [15],[17],[18],[39] | Sep. 21, 2026 | [15],[17],[18],[39] | |||
Par | $ 665,000 | [11],[13],[14],[19],[29] | $ 665,000 | [15],[17],[18],[20],[39] | |||||||
Investment cost | 121,000 | [3],[11],[13],[14],[29] | 120,000 | [6],[15],[17],[18],[39] | |||||||
Fair Value | $ 113,000 | [8],[11],[13],[14],[29] | $ 128,000 | [9],[10],[15],[17],[18],[39] | |||||||
Business Services | AML Rightsource | Gabriel Partners, LLC | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Interest Rate | [11],[13],[14],[29] | 5% | 5% | ||||||||
Spread | [15],[17],[18],[39] | 5% | 5% | ||||||||
Business Services | Continuum | Continuum Global Solutions L L C | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | [18],[24] | 775 | 775 | ||||||||
Investment cost | [6],[18],[24] | $ 78,000 | |||||||||
Fair Value | [9],[10],[18],[24] | $ 78,000 | |||||||||
Business Services | Elo Touch | TGG TS Acquisition Company | First Lien Secured Debt - Revolver | |||||||||||
Interest Rate | [11],[13],[21] | 0% | 0% | ||||||||
Spread | [11],[13],[21] | 6.50% | 6.50% | ||||||||
Maturity Date | Dec. 14, 2023 | [11],[13],[21] | Dec. 14, 2023 | [11],[13],[21] | Dec. 14, 2023 | [15],[17],[37] | Dec. 14, 2023 | [15],[17],[37] | |||
Par | $ 1,750,000 | [11],[13],[19],[21] | $ 1,750,000 | [15],[17],[20],[37] | |||||||
Investment cost | [6],[15],[17],[37] | 750,000 | |||||||||
Fair Value | $ (26,000) | [8],[11],[13],[21] | $ 721,000 | [9],[10],[15],[17],[37] | |||||||
Business Services | Elo Touch | TGG TS Acquisition Company | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[37] | 6.50% | 6.50% | ||||||||
Business Services | Elo Touch | TGG TS Acquisition Company | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[37] | 0% | 0% | ||||||||
Business Services | Ensemble Health | E H L Merger Sub L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 01, 2024 | [11],[13],[21] | Aug. 01, 2024 | [11],[13],[21] | Aug. 01, 2024 | [15],[17],[22] | Aug. 01, 2024 | [15],[17],[22] | |||
Par | $ 4,155,000 | [11],[13],[19],[21] | $ 4,155,000 | [15],[17],[20],[22] | |||||||
Investment cost | (142,000) | [3],[11],[13],[21] | (179,000) | [6],[15],[17],[22] | |||||||
Fair Value | $ (187,000) | [8],[11],[13],[21] | $ (111,000) | [9],[10],[15],[17],[22] | |||||||
Business Services | Ensemble Health | E H L Merger Sub L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 3.25% | [11],[13],[21] | 3.25% | [11],[13],[21] | 3.25% | [15],[17],[22] | 3.25% | [15],[17],[22] | |||
Business Services | Ensemble Health | E H L Merger Sub L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0% | [11],[13],[21] | 0% | [11],[13],[21] | 0% | [15],[17],[22] | 0% | [15],[17],[22] | |||
Business Services | IRP | |||||||||||
Investment cost | $ 8,074,000 | [3] | $ 8,100,000 | [6] | |||||||
Fair Value | $ 8,024,000 | [8] | $ 8,098,000 | [9],[10] | |||||||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 08, 2028 | [12],[14] | Mar. 08, 2028 | [12],[14] | Mar. 08, 2028 | [18],[41] | Mar. 08, 2028 | [18],[41] | |||
Par | $ 8,141,000 | [12],[14],[19] | $ 8,182,000 | [18],[20],[41] | |||||||
Investment cost | 7,990,000 | [3],[12],[14] | 8,020,000 | [6],[18],[41] | |||||||
Fair Value | $ 7,937,000 | [8],[12],[14] | $ 8,018,000 | [9],[10],[18],[41] | |||||||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | 6% | [12],[14] | 6% | [12],[14] | 6% | [18],[41] | 6% | [18],[41] | |||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [18],[41] | 1% | [18],[41] | |||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 08, 2027 | [11],[13],[14],[21] | Mar. 08, 2027 | [11],[13],[14],[21] | Mar. 08, 2027 | [15],[17],[18],[22] | Mar. 08, 2027 | [15],[17],[18],[22] | |||
Par | $ 1,705,000 | [11],[13],[14],[19],[21] | $ 1,705,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (30,000) | [3],[11],[13],[14],[21] | (34,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (43,000) | [8],[11],[13],[14],[21] | $ (34,000) | [9],[10],[15],[17],[18],[22] | |||||||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 6% | 6% | ||||||||
Business Services | IRP | Precision Refrigeration & Air Conditioning LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[21] | 1% | 1% | ||||||||
Business Services | IRP | SMC IR Holdings, LLC | Common Equity - Equity | |||||||||||
Shares | shares | [14],[23],[30] | 114 | 114 | ||||||||
Investment cost | [3],[14],[23],[30] | $ 114,000 | |||||||||
Fair Value | [8],[14],[23],[30] | 130,000 | |||||||||
Business Services | IRP | SMC IR Holdings, LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | [18],[24],[31] | 114 | 114 | ||||||||
Investment cost | [6],[18],[24],[31] | $ 114,000 | |||||||||
Fair Value | [9],[10],[18],[24],[31] | 114,000 | |||||||||
Business Services | Jacent | |||||||||||
Investment cost | 25,992,000 | [3] | 25,960,000 | [6] | |||||||
Fair Value | $ 24,373,000 | [8] | $ 25,088,000 | [9],[10] | |||||||
Business Services | Jacent | Jacent Strategic Merchandising | Common Equity - Common Stock | |||||||||||
Shares | shares | [18],[24] | 5,000 | 5,000 | ||||||||
Investment cost | [6],[18],[24] | $ 500,000 | |||||||||
Fair Value | [9],[10],[18],[24] | $ 169,000 | |||||||||
Business Services | Jacent | Jacent Strategic Merchandising | Common Equity - Common Stock | Common Equity - Equity | |||||||||||
Shares | shares | [14],[23] | 5,000 | 5,000 | ||||||||
Investment cost | [3],[14],[23] | $ 500,000 | |||||||||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 23, 2024 | [12],[14] | Apr. 23, 2024 | [12],[14] | Apr. 23, 2024 | [16],[18] | Apr. 23, 2024 | [16],[18] | |||
Par | $ 22,115,000 | [12],[14],[19] | $ 22,116,000 | [16],[18],[20] | |||||||
Investment cost | 22,005,000 | [3],[12],[14] | 21,977,000 | [6],[16],[18] | |||||||
Fair Value | $ 21,036,000 | [7],[8],[12],[14] | $ 21,508,000 | [9],[10],[16],[18] | |||||||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.75% | [12],[14] | 6.75% | [12],[14] | 6.75% | [16],[18] | 6.75% | [16],[18] | |||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 23, 2024 | [11],[12],[13],[14] | Apr. 23, 2024 | [11],[12],[13],[14] | Apr. 23, 2024 | [15],[16],[17],[18],[25] | Apr. 23, 2024 | [15],[16],[17],[18],[25] | |||
Par | $ 3,500,000 | [11],[12],[13],[14],[19] | $ 3,500,000 | [15],[16],[17],[18],[20],[25] | |||||||
Investment cost | 3,476,000 | [3],[11],[12],[13],[14] | 3,472,000 | [6],[15],[16],[17],[18],[25] | |||||||
Fair Value | $ 3,326,000 | [7],[8],[11],[12],[13],[14] | $ 3,400,000 | [9],[10],[15],[16],[17],[18],[25] | |||||||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.75% | [11],[12],[13],[14] | 6.75% | [11],[12],[13],[14] | 6.75% | [15],[16],[17],[18],[25] | 6.75% | [15],[16],[17],[18],[25] | |||
Business Services | Jacent | Jacent Strategic Merchandising | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18],[25] | 1% | [15],[16],[17],[18],[25] | |||
Business Services | Jacent | JSM Equity Investors, L.P. | Class P Partnership Units | |||||||||||
Shares | shares | 114 | [14],[23] | 114 | [14],[23] | 114 | [18],[24] | 114 | [18],[24] | |||
Investment cost | $ 11,000 | [3],[14],[23] | $ 11,000 | [6],[18],[24] | |||||||
Fair Value | 11,000 | [8],[14],[23] | 11,000 | [9],[10],[18],[24] | |||||||
Business Services | Jones & Frank | |||||||||||
Investment cost | 13,745,000 | [3] | 13,041,000 | [6] | |||||||
Fair Value | $ 13,504,000 | [8] | $ 12,985,000 | [9],[10] | |||||||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 31, 2026 | [14],[27] | Jul. 31, 2026 | [14],[27] | Jul. 31, 2026 | [16],[18],[42] | Jul. 31, 2026 | [16],[18],[42] | |||
Par | $ 13,133,000 | [14],[19],[27] | $ 13,201,000 | [16],[18],[20],[42] | |||||||
Investment cost | 13,007,000 | [3],[14],[27] | 13,058,000 | [6],[16],[18],[42] | |||||||
Fair Value | $ 12,792,000 | [8],[14],[27] | $ 13,008,000 | [9],[10],[16],[18],[42] | |||||||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[27] | 6% | [14],[27] | 5.50% | [16],[18],[42] | 5.50% | [16],[18],[42] | |||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [16],[18],[42] | 1% | [16],[18],[42] | |||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jul. 31, 2026 | [11],[13],[14],[27] | Jul. 31, 2026 | [11],[13],[14],[27] | Jul. 31, 2026 | [15],[17],[18],[22] | Jul. 31, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,569,000 | [11],[13],[14],[19],[27] | $ 1,569,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 738,000 | [3],[11],[13],[14],[27] | (17,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ 712,000 | [8],[11],[13],[14],[27] | $ (23,000) | [9],[10],[15],[17],[18],[22] | |||||||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[27] | 6% | [11],[13],[14],[27] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Business Services | Jones & Frank | JF Acquisition, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Business Services | M A K S [Member] | Trident Bidco Limited | First Lien Secured Debt | |||||||||||
Maturity Date | [18],[25],[43] | Nov. 08, 2025 | Nov. 08, 2025 | ||||||||
Par | [18],[20],[25],[43] | $ 33,688,000 | |||||||||
Investment cost | [6],[18],[25],[43] | 33,066,000 | |||||||||
Fair Value | [9],[10],[18],[25],[43] | $ 33,670,000 | |||||||||
Business Services | M A K S [Member] | Trident Bidco Limited | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[25],[43] | 5.50% | 5.50% | ||||||||
Business Services | M A K S [Member] | Trident Bidco Limited | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [18],[25],[43] | 1% | 1% | ||||||||
Business Services | Naviga | |||||||||||
Investment cost | $ 13,737,000 | [3] | $ 13,596,000 | [6] | |||||||
Fair Value | $ 13,773,000 | [8] | $ 13,710,000 | [9],[10] | |||||||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 29, 2022 | [12],[14] | Dec. 29, 2022 | [12],[14] | Dec. 29, 2022 | [16],[18],[37] | Dec. 29, 2022 | [16],[18],[37] | |||
Par | $ 13,329,000 | [12],[14],[19] | $ 13,397,000 | [16],[18],[20],[37] | |||||||
Investment cost | 13,294,000 | [3],[12],[14] | 13,318,000 | [6],[16],[18],[37] | |||||||
Fair Value | $ 13,329,000 | [8],[12],[14] | $ 13,430,000 | [9],[10],[16],[18],[37] | |||||||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7% | [12],[14] | 7% | [12],[14] | 7% | [16],[18],[37] | 7% | [16],[18],[37] | |||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18],[37] | 1% | [16],[18],[37] | |||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 29, 2022 | [11],[13],[14],[27] | Dec. 29, 2022 | [11],[13],[14],[27] | Dec. 29, 2022 | [15],[17],[18],[37] | Dec. 29, 2022 | [15],[17],[18],[37] | |||
Par | $ 336,000 | [11],[13],[14],[19],[27] | $ 500,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 279,000 | [3],[11],[13],[14],[27] | 278,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 280,000 | [8],[11],[13],[14],[27] | $ 280,000 | [9],[10],[15],[17],[18],[37] | |||||||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 7% | [11],[13],[14],[27] | 7% | [11],[13],[14],[27] | 7% | [15],[17],[18],[37] | 7% | [15],[17],[18],[37] | |||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[14],[29] | Dec. 29, 2022 | Dec. 29, 2022 | ||||||||
Par | [11],[14],[29] | $ 164,000 | |||||||||
Investment cost | [3],[11],[14],[29] | 164,000 | |||||||||
Fair Value | [8],[11],[14],[29] | $ 164,000 | |||||||||
Business Services | Naviga | Naviga Inc. (fka Newscycle Solutions, Inc.) | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [11],[14],[29] | 7% | 7% | ||||||||
Business Services | PSE | |||||||||||
Investment cost | $ 6,516,000 | [3] | $ 6,313,000 | [6] | |||||||
Fair Value | $ 6,431,000 | [8] | $ 6,227,000 | [9],[10] | |||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 10, 2027 | [12],[14] | Aug. 10, 2027 | [12],[14] | Aug. 10, 2027 | [15],[16],[17],[18] | Aug. 10, 2027 | [15],[16],[17],[18] | |||
Par | $ 5,778,000 | [12],[14],[19] | $ 8,420,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 5,678,000 | [3],[12],[14] | 5,679,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 5,662,000 | [8],[12],[14] | $ 5,639,000 | [9],[10],[15],[16],[17],[18] | |||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [12],[14] | 5.50% | [12],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 10, 2027 | [11],[12],[13],[14] | Aug. 10, 2027 | [11],[12],[13],[14] | Aug. 10, 2027 | [15],[16],[17],[18] | Aug. 10, 2027 | [15],[16],[17],[18] | |||
Par | $ 1,133,000 | [11],[12],[13],[14],[19] | $ 1,307,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 439,000 | [3],[11],[12],[13],[14] | 390,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 435,000 | [8],[11],[12],[13],[14] | $ 388,000 | [9],[10],[15],[16],[17],[18] | |||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[12],[13],[14] | 5.50% | [11],[12],[13],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[14],[44] | Aug. 10, 2027 | Aug. 10, 2027 | ||||||||
Par | [11],[14],[19],[44] | $ 174,000 | |||||||||
Investment cost | [3],[11],[14],[44] | 171,000 | |||||||||
Fair Value | [8],[11],[14],[44] | $ 170,000 | |||||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [11],[14],[44] | 4.50% | 4.50% | ||||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[13],[14],[21] | Aug. 10, 2027 | Aug. 10, 2027 | ||||||||
Par | [11],[13],[14],[19],[21] | $ 2,613,000 | |||||||||
Investment cost | [3],[11],[13],[14],[21] | (16,000) | |||||||||
Fair Value | [8],[11],[13],[14],[21] | $ (52,000) | |||||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [11],[13],[14],[21] | 5.75% | 5.75% | ||||||||
Business Services | PSE | Graffiti Buyer, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[21] | 1% | 1% | ||||||||
Business Services | PSE | Graffiti Parent L P | Common Equity - Equity | |||||||||||
Shares | shares | [14],[23] | 2,439 | 2,439 | ||||||||
Investment cost | [3],[14],[23] | $ 244,000 | |||||||||
Fair Value | [8],[14],[23] | 216,000 | |||||||||
Business Services | PSE | Graffiti Parent L P | Common Equity - Common Stock | |||||||||||
Shares | shares | [18],[24],[31] | 2,439 | 2,439 | ||||||||
Investment cost | [6],[18],[24],[31] | $ 244,000 | |||||||||
Fair Value | [9],[10],[18],[24],[31] | 200,000 | |||||||||
Business Services | PSI Services LLC | |||||||||||
Investment cost | 36,348,000 | [3] | 36,474,000 | [6] | |||||||
Fair Value | $ 34,887,000 | [8] | $ 35,276,000 | [9],[10] | |||||||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 19, 2026 | [12],[14] | Oct. 19, 2026 | [12],[14] | Oct. 19, 2026 | [16],[18],[25] | Oct. 19, 2026 | [16],[18],[25] | |||
Par | $ 33,801,000 | [12],[14],[19] | $ 33,975,000 | [16],[18],[20],[25] | |||||||
Investment cost | 33,397,000 | [3],[12],[14] | 33,527,000 | [6],[16],[18],[25] | |||||||
Fair Value | $ 32,034,000 | [8],[12],[14] | $ 32,411,000 | [9],[10],[16],[18],[25] | |||||||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [12],[14] | 5.75% | [12],[14] | 5.75% | [16],[18],[25] | 5.75% | [16],[18],[25] | |||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18],[25] | 1% | [16],[18],[25] | |||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Oct. 20, 2025 | [11],[12],[13],[14] | Oct. 20, 2025 | [11],[12],[13],[14] | Oct. 20, 2025 | [15],[16],[17],[18] | Oct. 20, 2025 | [15],[16],[17],[18] | |||
Par | $ 2,985,000 | [11],[12],[13],[14],[19] | $ 2,985,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 2,951,000 | [3],[11],[12],[13],[14] | 2,947,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 2,853,000 | [8],[11],[12],[13],[14] | $ 2,865,000 | [9],[10],[15],[16],[17],[18] | |||||||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[12],[13],[14] | 5.75% | [11],[12],[13],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Business Services | PSI Services LLC | Lifelong Learner Holdings, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Business Services | Soliant | Soliant Health, Inc. | Common Equity - Membership Interests | |||||||||||
Shares | shares | 300 | [14] | 300 | [14] | 300 | [18] | 300 | [18] | |||
Investment cost | $ 300,000 | [3],[14] | $ 300,000 | [6],[18] | |||||||
Fair Value | 1,226,000 | [8],[14] | 871,000 | [9],[10],[18] | |||||||
Business Services | Trench Plate | |||||||||||
Investment cost | [3] | 18,499,000 | |||||||||
Fair Value | [8] | $ 18,472,000 | |||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt | |||||||||||
Maturity Date | [12],[14] | Dec. 03, 2026 | Dec. 03, 2026 | ||||||||
Par | [12],[14],[19] | $ 18,136,000 | |||||||||
Investment cost | [3],[12],[14] | 17,883,000 | |||||||||
Fair Value | [8],[12],[14] | $ 17,864,000 | |||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [12],[14] | 5.50% | 5.50% | ||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12],[14] | 1% | 1% | ||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[13],[14],[26],[33] | Dec. 03, 2026 | Dec. 03, 2026 | ||||||||
Par | [11],[13],[14],[19],[26],[33] | $ 1,818,000 | |||||||||
Investment cost | [3],[11],[13],[14],[26],[33] | 566,000 | |||||||||
Fair Value | [8],[11],[13],[14],[26],[33] | $ 564,000 | |||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[26],[33] | 5.50% | 5.50% | ||||||||
Business Services | Trench Plate | Trench Plate Rental Co. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[26],[33] | 1% | 1% | ||||||||
Business Services | Trench Plate | Trench Safety Solutions Holdings, LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | [14],[23],[30] | 331 | 331 | ||||||||
Investment cost | [3],[14],[23],[30] | $ 50,000 | |||||||||
Fair Value | [8],[14],[23],[30] | 44,000 | |||||||||
Business Services | US Legal Support | |||||||||||
Investment cost | 24,858,000 | [3] | 25,149,000 | [6] | |||||||
Fair Value | $ 24,924,000 | [8] | $ 25,399,000 | [9],[10] | |||||||
Business Services | US Legal Support | US Legal Support Investment Holdings, LLC | Common Equity - Series A Units | |||||||||||
Shares | shares | 631,972 | [14],[23] | 631,972 | [14],[23] | 631,972 | [18],[24] | 631,972 | [18],[24] | |||
Investment cost | $ 632,000 | [3],[14],[23] | $ 632,000 | [6],[18],[24] | |||||||
Fair Value | $ 872,000 | [8],[14],[23] | $ 1,030,000 | [9],[10],[18],[24] | |||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 02, 2024 | [14],[33] | Dec. 02, 2024 | [14],[33] | Dec. 02, 2024 | [16],[18] | Dec. 02, 2024 | [16],[18] | |||
Par | $ 23,879,000 | [14],[19],[33] | $ 24,003,000 | [16],[18],[20] | |||||||
Investment cost | 23,690,000 | [3],[14],[33] | 23,781,000 | [6],[16],[18] | |||||||
Fair Value | $ 23,514,000 | [8],[14],[33] | $ 23,643,000 | [9],[10],[16],[18] | |||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 5.75% | 5.75% | ||||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 5.75% | 5.75% | ||||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 02, 2024 | [11],[13],[14],[26],[33] | Dec. 02, 2024 | [11],[13],[14],[26],[33] | Dec. 02, 2024 | [15],[16],[17],[18],[28] | Dec. 02, 2024 | [15],[16],[17],[18],[28] | |||
Par | $ 1,608,000 | [11],[13],[14],[19],[26],[33] | $ 1,286,000 | [15],[16],[17],[18],[20],[28] | |||||||
Investment cost | 536,000 | [3],[11],[13],[14],[26],[33] | 417,000 | [6],[15],[16],[17],[18],[28] | |||||||
Fair Value | $ 538,000 | [8],[11],[13],[14],[26],[33] | $ 409,000 | [9],[10],[15],[16],[17],[18],[28] | |||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[16],[17],[18],[28] | 5.25% | 5.25% | ||||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[26],[33] | 5.75% | 5.75% | ||||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[26],[33] | 1% | [11],[13],[14],[26],[33] | 1% | [15],[16],[17],[18],[28] | 1% | [15],[16],[17],[18],[28] | |||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[18],[39] | Dec. 02, 2024 | Dec. 02, 2024 | ||||||||
Par | [15],[18],[20],[39] | $ 322,000 | |||||||||
Investment cost | [6],[15],[18],[39] | 319,000 | |||||||||
Fair Value | [9],[10],[15],[18],[39] | $ 317,000 | |||||||||
Business Services | US Legal Support | USLS Acquisition, Inc. | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | [15],[18],[39] | 4.25% | 4.25% | ||||||||
Business Services | Wilson Language Training | |||||||||||
Investment cost | $ 9,790,000 | [3] | $ 9,807,000 | [6] | |||||||
Fair Value | $ 9,816,000 | [8] | $ 9,802,000 | [9],[10] | |||||||
Business Services | Wilson Language Training | Owl Acquisition, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Feb. 04, 2028 | [14],[35] | Feb. 04, 2028 | [14],[35] | Feb. 04, 2028 | [18],[41] | Feb. 04, 2028 | [18],[41] | |||
Par | $ 9,875,000 | [14],[19],[35] | $ 9,900,000 | [18],[20],[41] | |||||||
Investment cost | 9,690,000 | [3],[14],[35] | 9,707,000 | [6],[18],[41] | |||||||
Fair Value | $ 9,678,000 | [8],[14],[35] | $ 9,702,000 | [9],[10],[18],[41] | |||||||
Business Services | Wilson Language Training | Owl Acquisition, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | 5.25% | [14],[35] | 5.25% | [14],[35] | 5.75% | [18],[41] | 5.75% | [18],[41] | |||
Business Services | Wilson Language Training | Owl Acquisition, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[35] | 1% | [14],[35] | 1% | [18],[41] | 1% | [18],[41] | |||
Business Services | Wilson Language Training | Owl Parent Holdings, LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | 100 | [14],[23],[30] | 100 | [14],[23],[30] | 100 | [18],[24],[31] | 100 | [18],[24],[31] | |||
Investment cost | $ 100,000 | [3],[14],[23],[30] | $ 100,000 | [6],[18],[24],[31] | |||||||
Fair Value | 138,000 | [8],[14],[23],[30] | 100,000 | [9],[10],[18],[24],[31] | |||||||
Chemicals Plastics And Rubber | |||||||||||
Investment cost | 101,941,000 | [3] | 101,770,000 | [6] | |||||||
Fair Value | 63,668,000 | [7],[8] | 64,903,000 | [9],[10] | |||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | |||||||||||
Investment cost | 23,212,000 | [3] | 23,041,000 | [6] | |||||||
Fair Value | $ 22,689,000 | [7],[8] | $ 22,786,000 | [9],[10] | |||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 13, 2024 | [14],[33] | Sep. 13, 2024 | [14],[33] | Sep. 13, 2024 | [16],[18] | Sep. 13, 2024 | [16],[18] | |||
Par | $ 21,357,000 | [14],[19],[33] | $ 15,616,000 | [16],[18],[20] | |||||||
Investment cost | 21,187,000 | [3],[14],[33] | 15,482,000 | [6],[16],[18] | |||||||
Fair Value | $ 20,712,000 | [7],[8],[14],[33] | $ 15,269,000 | [9],[10],[16],[18] | |||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 5.75% | 5.75% | ||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 6.25% | 6.25% | ||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 13, 2024 | [11],[14],[33] | Sep. 13, 2024 | [11],[14],[33] | Sep. 13, 2024 | [15],[16],[18] | Sep. 13, 2024 | [15],[16],[18] | |||
Par | $ 2,039,000 | [11],[14],[19],[33] | $ 2,019,000 | [15],[16],[18],[20] | |||||||
Investment cost | 2,025,000 | [3],[11],[14],[33] | 2,002,000 | [6],[15],[16],[18] | |||||||
Fair Value | $ 1,977,000 | [7],[8],[11],[14],[33] | $ 1,975,000 | [9],[10],[15],[16],[18] | |||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[16],[18] | 5.75% | 5.75% | ||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[14],[33] | 6.25% | 6.25% | ||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[33] | 1% | [11],[14],[33] | 1% | [15],[16],[18] | 1% | [15],[16],[18] | |||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | |||||||||||
Maturity Date | [16],[18] | Sep. 13, 2024 | Sep. 13, 2024 | ||||||||
Par | [16],[18],[20] | $ 5,638,000 | |||||||||
Investment cost | [6],[16],[18] | 5,557,000 | |||||||||
Fair Value | [9],[10],[16],[18] | $ 5,542,000 | |||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 6.25% | 6.25% | ||||||||
Chemicals Plastics And Rubber | Westfall Technik Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16],[18] | 1% | 1% | ||||||||
Chemicals Plastics And Rubber | Carbonfree Chemicals S P E I L L C F K Maxus Capital Carbon S P E I L L C | |||||||||||
Investment cost | [6] | $ 78,729,000 | |||||||||
Fair Value | [9],[10] | $ 42,117,000 | |||||||||
Chemicals Plastics And Rubber | Carbonfree Chemicals S P E I L L C F K Maxus Capital Carbon S P E I L L C | Carbonfree Chemicals Holdings L L C | Common Equity - Common Stock | |||||||||||
Shares | shares | 2,491 | [23],[30],[45] | 2,491 | [23],[30],[45] | 2,354 | [24],[31],[46],[47] | 2,354 | [24],[31],[46],[47] | |||
Investment cost | $ 78,729,000 | [3],[23],[30],[45] | $ 46,295,000 | [6],[24],[31],[46],[47] | |||||||
Fair Value | 40,979,000 | [7],[8],[23],[30],[45] | $ 42,117,000 | [9],[10],[24],[31],[46],[47] | |||||||
Chemicals Plastics And Rubber | Carbonfree Chemicals S P E I L L C F K Maxus Capital Carbon S P E I L L C | Carbonfree Chemicals S A L L C | Class B Units | |||||||||||
Shares | shares | [24],[31],[46],[47] | 3,152 | 3,152 | ||||||||
Investment cost | [6],[24],[31],[46],[47] | $ 32,434,000 | |||||||||
Construction And Building | Englert | |||||||||||
Investment cost | 30,621,000 | [3] | 30,616,000 | [6] | |||||||
Fair Value | $ 30,747,000 | [7],[8] | $ 31,408,000 | [9],[10] | |||||||
Construction And Building | Englert | Gutter Buyer, Inc.. | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 06, 2025 | [14],[27] | Mar. 06, 2025 | [14],[27] | Mar. 06, 2025 | [18],[37] | Mar. 06, 2025 | [18],[37] | |||
Par | $ 29,044,000 | [14],[19],[27] | $ 28,393,000 | [18],[20],[37] | |||||||
Investment cost | 28,777,000 | [3],[14],[27] | 28,097,000 | [6],[18],[37] | |||||||
Fair Value | $ 28,520,000 | [7],[8],[14],[27] | $ 28,169,000 | [9],[10],[18],[37] | |||||||
Construction And Building | Englert | Gutter Buyer, Inc.. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [14],[27] | 6.25% | [14],[27] | 5.75% | [18],[37] | 5.75% | [18],[37] | |||
Construction And Building | Englert | Gutter Buyer, Inc.. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
Construction And Building | Englert | Gutter Buyer, Inc.. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 06, 2024 | [11],[13],[14],[26],[29] | Mar. 06, 2024 | [11],[13],[14],[26],[29] | Mar. 06, 2024 | [15],[17],[18],[28],[39] | Mar. 06, 2024 | [15],[17],[18],[28],[39] | |||
Par | $ 2,727,000 | [11],[13],[14],[19],[26],[29] | $ 2,727,000 | [15],[17],[18],[20],[28],[39] | |||||||
Investment cost | 1,344,000 | [3],[11],[13],[14],[26],[29] | 2,019,000 | [6],[15],[17],[18],[28],[39] | |||||||
Fair Value | $ 1,319,000 | [7],[8],[11],[13],[14],[26],[29] | $ 2,013,000 | [9],[10],[15],[17],[18],[28],[39] | |||||||
Construction And Building | Englert | Gutter Buyer, Inc.. | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Spread | 5.25% | [11],[13],[14],[26],[29] | 5.25% | [11],[13],[14],[26],[29] | 4.75% | [15],[17],[18],[28],[39] | 4.75% | [15],[17],[18],[28],[39] | |||
Construction And Building | Englert | Gutter Holdings, LP | Common Equity - Common Stock | |||||||||||
Shares | shares | 500 | [14] | 500 | [14] | 500 | [18] | 500 | [18] | |||
Investment cost | $ 500,000 | [3],[14] | $ 500,000 | [6],[18] | |||||||
Fair Value | 908,000 | [7],[8],[14] | 1,226,000 | [9],[10],[18] | |||||||
Consumer Goods Durable | |||||||||||
Investment cost | 26,092,000 | [3] | 21,082,000 | [6] | |||||||
Fair Value | $ 25,604,000 | [7],[8] | $ 21,331,000 | [9],[10] | |||||||
Consumer Goods Durable | Sorenson Holdings, LLC | Common Equity - Membership Interests | |||||||||||
Shares | shares | 587 | [23] | 587 | [23] | 587 | [24],[48] | 587 | [24],[48] | |||
Fair Value | $ 323,000 | [7],[8],[23] | $ 325,000 | [9],[10],[24],[48] | |||||||
Consumer Goods Durable | A&V | A&V Holdings Midco, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 10, 2025 | [11],[13],[27] | Mar. 10, 2025 | [11],[13],[27] | Mar. 10, 2025 | [15],[17],[22] | Mar. 10, 2025 | [15],[17],[22] | |||
Par | $ 1,505,000 | [11],[13],[19],[27] | $ 1,505,000 | [15],[17],[20],[22] | |||||||
Investment cost | 384,000 | [3],[11],[13],[27] | (80,000) | [6],[15],[17],[22] | |||||||
Fair Value | $ 404,000 | [7],[8],[11],[13],[27] | $ (52,000) | [9],[10],[15],[17],[22] | |||||||
Consumer Goods Durable | A&V | A&V Holdings Midco, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 4.50% | [11],[13],[27] | 4.50% | [11],[13],[27] | 4.50% | [15],[17],[22] | 4.50% | [15],[17],[22] | |||
Consumer Goods Durable | A&V | A&V Holdings Midco, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[27] | 1% | [11],[13],[27] | 1% | [15],[17],[22] | 1% | [15],[17],[22] | |||
Consumer Goods Durable | KDC | KDC US Holdings | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 21, 2023 | [11],[13],[26],[27] | Dec. 21, 2023 | [11],[13],[26],[27] | Dec. 21, 2023 | [15],[17],[28],[37] | Dec. 21, 2023 | [15],[17],[28],[37] | |||
Par | $ 6,020,000 | [11],[13],[19],[26],[27] | $ 6,020,000 | [15],[17],[20],[28],[37] | |||||||
Investment cost | 900,000 | [3],[11],[13],[26],[27] | 692,000 | [6],[15],[17],[28],[37] | |||||||
Fair Value | $ 730,000 | [7],[8],[11],[13],[26],[27] | $ 620,000 | [9],[10],[15],[17],[28],[37] | |||||||
Consumer Goods Durable | KDC | KDC US Holdings | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 3.25% | [11],[13],[26],[27] | 3.25% | [11],[13],[26],[27] | 3.25% | [15],[17],[28],[37] | 3.25% | [15],[17],[28],[37] | |||
Consumer Goods Durable | KDC | KDC US Holdings | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0% | [11],[13],[26],[27] | 0% | [11],[13],[26],[27] | 0% | [15],[17],[28],[37] | 0% | [15],[17],[28],[37] | |||
Consumer Goods Durable | KLO Holdings, LLC | |||||||||||
Investment cost | $ 5,286,000 | [3] | $ 5,263,000 | [6] | |||||||
Fair Value | $ 4,412,000 | [7],[8] | $ 4,968,000 | [9],[10] | |||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | Common Equity - Common Stock | |||||||||||
Shares | shares | 1,000,032 | [23],[30],[49],[50] | 1,000,032 | [23],[30],[49],[50] | 1,000,032 | [24],[31],[43],[51],[52] | 1,000,032 | [24],[31],[43],[51],[52] | |||
Investment cost | $ 1,000,000 | [3],[23],[30],[49],[50] | $ 1,000,000 | [6],[24],[31],[43],[51],[52] | |||||||
Fair Value | $ 419,000 | [7],[8],[23],[30],[49],[50] | $ 976,000 | [9],[10],[24],[31],[43],[51],[52] | |||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 30, 2025 | [45],[49] | Sep. 30, 2025 | [45],[49] | Sep. 30, 2025 | [16],[43],[51] | Sep. 30, 2025 | [16],[43],[51] | |||
Par | $ 2,978,000 | [19],[45],[49] | $ 2,978,000 | [16],[20],[43],[51] | |||||||
Investment cost | 2,978,000 | [3],[45],[49] | 2,978,000 | [6],[16],[43],[51] | |||||||
Fair Value | $ 2,781,000 | [7],[8],[45],[49] | $ 2,794,000 | [9],[10],[16],[43],[51] | |||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5% | [27],[45],[49] | 5% | [27],[45],[49] | 5% | [16],[43],[51] | 5% | [16],[43],[51] | |||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [27],[45],[49] | 1% | [27],[45],[49] | 1% | [16],[43],[51] | 1% | [16],[43],[51] | |||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 30, 2025 | [12],[45],[49] | Sep. 30, 2025 | [12],[45],[49] | Sep. 30, 2025 | [16],[43],[51] | Sep. 30, 2025 | [16],[43],[51] | |||
Par | $ 1,112,000 | [12],[19],[45],[49] | $ 1,079,000 | [16],[20],[43],[51] | |||||||
Investment cost | 1,112,000 | [3],[12],[45],[49] | 1,079,000 | [6],[16],[43],[51] | |||||||
Fair Value | $ 1,030,000 | [7],[8],[12],[45],[49] | $ 1,006,000 | [9],[10],[16],[43],[51] | |||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | Cash | |||||||||||
Interest Rate, Paid in Kind | [12],[45],[49] | 6% | 6% | ||||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [12],[45],[49] | 5% | 5% | ||||||||
Interest Rate, Paid in Kind | [16],[43],[51] | 5% | 5% | ||||||||
Consumer Goods Durable | KLO Holdings, LLC | 1244311 B.C. Ltd. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[45],[49] | 1% | [12],[45],[49] | 1% | [16],[43],[51] | 1% | [16],[43],[51] | |||
Consumer Goods Durable | KLO Holdings, LLC | GSC Technologies Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 30, 2025 | [27],[45],[49] | Sep. 30, 2025 | [27],[45],[49] | Sep. 30, 2025 | [16],[43],[51] | Sep. 30, 2025 | [16],[43],[51] | |||
Par | $ 196,000 | [19],[27],[45],[49] | $ 206,000 | [16],[20],[43],[51] | |||||||
Investment cost | 196,000 | [3],[27],[45],[49] | 206,000 | [6],[16],[43],[51] | |||||||
Fair Value | $ 182,000 | [7],[8],[27],[45],[49] | $ 192,000 | [9],[10],[16],[43],[51] | |||||||
Consumer Goods Durable | KLO Holdings, LLC | GSC Technologies Inc. | First Lien Secured Debt | Cash | |||||||||||
Interest Rate, Paid in Kind | 5% | [27],[45],[49] | 5% | [27],[45],[49] | 5% | [16],[43],[51] | 5% | [16],[43],[51] | |||
Consumer Goods Durable | KLO Holdings, LLC | GSC Technologies Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5% | [27],[45],[49] | 5% | [27],[45],[49] | 5% | [16],[43],[51] | 5% | [16],[43],[51] | |||
Consumer Goods Durable | KLO Holdings, LLC | GSC Technologies Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [27],[45],[49] | 1% | [27],[45],[49] | 1% | [16],[43],[51] | 1% | [16],[43],[51] | |||
Consumer Goods Durable | Liqui-Box | |||||||||||
Investment cost | $ 2,806,000 | [3] | $ 2,015,000 | [6] | |||||||
Fair Value | $ 2,770,000 | [7],[8] | $ 2,032,000 | [9],[10] | |||||||
Consumer Goods Durable | Liqui-Box | Liqui-Box Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 26, 2025 | [11],[12],[13] | Feb. 26, 2025 | [11],[12],[13] | Feb. 26, 2025 | [15],[16],[17],[28] | Feb. 26, 2025 | [15],[16],[17],[28] | |||
Par | $ 2,578,000 | [11],[12],[13],[19] | $ 2,416,000 | [15],[16],[17],[20],[28] | |||||||
Investment cost | 1,830,000 | [3],[11],[12],[13] | 878,000 | [6],[15],[16],[17],[28] | |||||||
Fair Value | $ 1,802,000 | [7],[8],[11],[12],[13] | $ 889,000 | [9],[10],[15],[16],[17],[28] | |||||||
Consumer Goods Durable | Liqui-Box | Liqui-Box Holdings, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Interest Rate | [15],[16],[17],[28] | 4.50% | 4.50% | ||||||||
Spread | [11],[12],[13] | 4.50% | 4.50% | ||||||||
Consumer Goods Durable | Liqui-Box | Liqui-Box Holdings, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13] | 1% | [11],[12],[13] | 1% | [15],[16],[17],[28] | 1% | [15],[16],[17],[28] | |||
Consumer Goods Durable | Liqui-Box | Liqui-Box Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 26, 2025 | [11],[13],[29] | Feb. 26, 2025 | [11],[13],[29] | Feb. 26, 2025 | [15],[39] | Feb. 26, 2025 | [15],[39] | |||
Par | $ 982,000 | [11],[13],[19],[29] | $ 1,144,000 | [15],[20],[39] | |||||||
Investment cost | 976,000 | [3],[11],[13],[29] | 1,137,000 | [6],[15],[39] | |||||||
Fair Value | $ 968,000 | [7],[8],[11],[13],[29] | $ 1,143,000 | [9],[10],[15],[39] | |||||||
Consumer Goods Durable | Liqui-Box | Liqui-Box Holdings, Inc. | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Interest Rate | [11],[13],[29] | 3.50% | 3.50% | ||||||||
Spread | [15],[39] | 3.50% | 3.50% | ||||||||
Consumer Goods Durable | NSi Industries | |||||||||||
Investment cost | $ 16,716,000 | [3] | $ 13,192,000 | [6] | |||||||
Fair Value | $ 16,965,000 | [7],[8] | $ 13,438,000 | [9],[10] | |||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Feb. 27, 2026 | [33] | Feb. 27, 2026 | [33] | Feb. 27, 2026 | [15],[16],[17] | Feb. 27, 2026 | [15],[16],[17] | |||
Par | $ 17,074,000 | [19],[33] | $ 14,660,000 | [15],[16],[17],[20] | |||||||
Investment cost | 16,618,000 | [3],[33] | 13,096,000 | [6],[15],[16],[17] | |||||||
Fair Value | $ 16,796,000 | [7],[8],[33] | $ 13,271,000 | [9],[10],[15],[16],[17] | |||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17] | 5.75% | 5.75% | ||||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [33] | 5.75% | 5.75% | ||||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [33] | 1% | [33] | 1% | [15],[16],[17] | 1% | [15],[16],[17] | |||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 27, 2026 | [11],[13],[21],[26] | Feb. 27, 2026 | [11],[13],[21],[26] | Feb. 27, 2026 | [15],[17],[22] | Feb. 27, 2026 | [15],[17],[22] | |||
Par | $ 725,000 | [11],[13],[19],[21],[26] | $ 725,000 | [15],[17],[20],[22] | |||||||
Investment cost | (9,000) | [3],[11],[13],[21],[26] | (11,000) | [6],[15],[17],[22] | |||||||
Fair Value | $ (12,000) | [7],[8],[11],[13],[21],[26] | $ (13,000) | [9],[10],[15],[17],[22] | |||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[22] | 5.75% | 5.75% | ||||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[21],[26] | 5.75% | 5.75% | ||||||||
Consumer Goods Durable | NSi Industries | Wildcat BuyerCo, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[21],[26] | 1% | [11],[13],[21],[26] | 1% | [15],[17],[22] | 1% | [15],[17],[22] | |||
Consumer Goods Durable | NSi Industries | Wildcat Parent LP | Common Equity - Common Stock | |||||||||||
Shares | shares | 1,070 | [23] | 1,070 | [23] | 1,070 | [24] | 1,070 | [24] | |||
Investment cost | $ 107,000 | [3],[23] | $ 107,000 | [6],[24] | |||||||
Fair Value | 181,000 | [7],[8],[23] | 180,000 | [9],[10],[24] | |||||||
Consumer Goods – Non-durable | |||||||||||
Investment cost | 77,276,000 | [3] | 77,271,000 | [6] | |||||||
Fair Value | $ 76,313,000 | [7],[8] | $ 76,886,000 | [9],[10] | |||||||
Consumer Goods – Non-durable | 3D Protein | Protein For Pets Opco, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 31, 2024 | [14] | May 31, 2024 | [14] | May 31, 2024 | [15],[17],[18] | May 31, 2024 | [15],[17],[18] | |||
Par | $ 2,219,000 | [14],[19] | $ 2,219,000 | [15],[17],[18],[20] | |||||||
Investment cost | $ (19,000) | [3],[14] | $ (25,000) | [6],[15],[17],[18] | |||||||
Consumer Goods – Non-durable | 3D Protein | Protein For Pets Opco, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 4.50% | [14] | 4.50% | [14] | 5% | [15],[17],[18] | 5% | [15],[17],[18] | |||
Consumer Goods – Non-durable | 3D Protein | Protein For Pets Opco, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [14] | 1% | [14] | 1% | [15],[17],[18] | 1% | [15],[17],[18] | |||
Consumer Goods – Non-durable | Dan Dee | |||||||||||
Investment cost | $ 24,370,000 | [3] | $ 24,972,000 | [6] | |||||||
Fair Value | $ 23,309,000 | [7],[8] | $ 23,834,000 | [9],[10] | |||||||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | 491,405 | [14],[23],[30] | 491,405 | [14],[23],[30] | 461,538 | [18],[24] | 461,538 | [18],[24] | |||
Investment cost | $ 492,000 | [3],[14],[23],[30] | $ 462,000 | [6],[18],[24] | |||||||
Fair Value | $ 24,000 | [7],[8],[14],[23],[30] | $ 37,000 | [9],[10],[18],[24] | |||||||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Feb. 01, 2025 | [14] | Feb. 01, 2025 | [14] | Feb. 01, 2025 | [16],[18] | Feb. 01, 2025 | [16],[18] | |||
Par | $ 24,203,000 | [14],[19] | $ 24,897,000 | [16],[18],[20] | |||||||
Investment cost | 23,914,000 | [3],[14] | 24,548,000 | [6],[16],[18] | |||||||
Fair Value | $ 23,402,000 | [7],[8],[14] | $ 23,936,000 | [9],[10],[16],[18] | |||||||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7% | [14] | 7% | [14] | 7% | [16],[18] | 7% | [16],[18] | |||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14] | 1% | [14] | 1% | [16],[18] | 1% | [16],[18] | |||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 01, 2025 | [11],[13],[14],[21] | Feb. 01, 2025 | [11],[13],[14],[21] | Feb. 01, 2024 | [15],[17],[18],[22] | Feb. 01, 2024 | [15],[17],[18],[22] | |||
Par | $ 3,462,000 | [11],[13],[14],[19],[21] | $ 3,462,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (36,000) | [3],[11],[13],[14],[21] | (38,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (117,000) | [7],[8],[11],[13],[14],[21] | $ (139,000) | [9],[10],[15],[17],[18],[22] | |||||||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 7% | [11],[13],[14],[21] | 7% | [11],[13],[14],[21] | 7% | [15],[17],[18],[22] | 7% | [15],[17],[18],[22] | |||
Consumer Goods – Non-durable | Dan Dee | Project Comfort Buyer, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Consumer Goods – Non-durable | LashCo | |||||||||||
Investment cost | $ 43,045,000 | [3] | $ 42,534,000 | [6] | |||||||
Fair Value | $ 43,242,000 | [7],[8] | $ 42,794,000 | [9],[10] | |||||||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 18, 2026 | [14],[53] | Mar. 18, 2026 | [14],[53] | Mar. 18, 2026 | [15],[17],[18],[37] | Mar. 18, 2026 | [15],[17],[18],[37] | |||
Par | $ 43,249,000 | [14],[19],[53] | $ 44,992,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 42,490,000 | [3],[14],[53] | 42,582,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 42,666,000 | [7],[8],[14],[53] | $ 42,819,000 | [9],[10],[15],[17],[18],[37] | |||||||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7% | [14],[53] | 7% | [14],[53] | 7% | [15],[17],[18],[37] | 7% | [15],[17],[18],[37] | |||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[53] | 1% | [14],[53] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 18, 2025 | [11],[13],[14],[53] | Sep. 18, 2025 | [11],[13],[14],[53] | Sep. 18, 2025 | [15],[17],[18],[22] | Sep. 18, 2025 | [15],[17],[18],[22] | |||
Par | $ 1,612,000 | [11],[13],[14],[19],[53] | $ 1,612,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 555,000 | [3],[11],[13],[14],[53] | (48,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ 576,000 | [7],[8],[11],[13],[14],[53] | $ (25,000) | [9],[10],[15],[17],[18],[22] | |||||||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 7% | [11],[13],[14],[53] | 7% | [11],[13],[14],[53] | 7% | [15],[17],[18],[22] | 7% | [15],[17],[18],[22] | |||
Consumer Goods – Non-durable | LashCo | Lash OpCo, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[53] | 1% | [11],[13],[14],[53] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Consumer Goods – Non-durable | Paladone | |||||||||||
Investment cost | $ 6,392,000 | [3] | $ 6,032,000 | [6] | |||||||
Fair Value | $ 6,395,000 | [7],[8] | $ 6,138,000 | [9],[10] | |||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt | |||||||||||
Maturity Date | Nov. 12, 2027 | [11],[12],[13],[14],[49] | Nov. 12, 2027 | [11],[12],[13],[14],[49] | Nov. 12, 2027 | [15],[16],[17],[18],[43] | Nov. 12, 2027 | [15],[16],[17],[18],[43] | |||
Par | $ 7,957,000 | [11],[12],[13],[14],[19],[49] | $ 7,988,000 | [15],[16],[17],[18],[20],[43] | |||||||
Investment cost | 5,954,000 | [3],[11],[12],[13],[14],[49] | 5,974,000 | [6],[15],[16],[17],[18],[43] | |||||||
Fair Value | $ 5,955,000 | [7],[8],[11],[12],[13],[14],[49] | $ 6,035,000 | [9],[10],[15],[16],[17],[18],[43] | |||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [11],[12],[13],[14],[49] | 5.75% | [11],[12],[13],[14],[49] | 5.75% | [15],[16],[17],[18],[43] | 5.75% | [15],[16],[17],[18],[43] | |||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14],[49] | 1% | [11],[12],[13],[14],[49] | 1% | [15],[16],[17],[18],[43] | 1% | [15],[16],[17],[18],[43] | |||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Nov. 12, 2027 | [11],[12],[13],[14],[49] | Nov. 12, 2027 | [11],[12],[13],[14],[49] | Nov. 12, 2027 | [15],[17],[18],[22],[43] | Nov. 12, 2027 | [15],[17],[18],[22],[43] | |||
Par | $ 1,412,000 | [11],[12],[13],[14],[19],[49] | $ 353,000 | [15],[17],[18],[20],[22],[43] | |||||||
Investment cost | 352,000 | [3],[11],[12],[13],[14],[49] | (9,000) | [6],[15],[17],[18],[22],[43] | |||||||
Fair Value | $ 355,000 | [7],[8],[11],[12],[13],[14],[49] | $ (4,000) | [9],[10],[15],[17],[18],[22],[43] | |||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[12],[13],[14],[49] | 5.75% | [11],[12],[13],[14],[49] | 5.75% | [15],[17],[18],[22],[43] | 5.75% | [15],[17],[18],[22],[43] | |||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14],[49] | 1% | [11],[12],[13],[14],[49] | 1% | [15],[17],[18],[22],[43] | 1% | [15],[17],[18],[22],[43] | |||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Nov. 12, 2027 | [11],[13],[14],[21],[49] | Nov. 12, 2027 | [11],[13],[14],[21],[49] | Nov. 12, 2027 | [15],[17],[18],[22],[43] | Nov. 12, 2027 | [15],[17],[18],[22],[43] | |||
Par | £ 353 | [11],[13],[14],[19],[21],[49] | $ 1,412,000 | [15],[17],[18],[20],[22],[43] | |||||||
Investment cost | $ (8,000) | [3],[11],[13],[14],[21],[49] | (27,000) | [6],[15],[17],[18],[22],[43] | |||||||
Fair Value | $ (6,000) | [7],[8],[11],[13],[14],[21],[49] | $ (12,000) | [9],[10],[15],[17],[18],[22],[43] | |||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22],[43] | 5.75% | 5.75% | ||||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | SON Rate | |||||||||||
Spread | [11],[13],[14],[21],[49] | 5.75% | 5.75% | ||||||||
Consumer Goods – Non-durable | Paladone | Paladone Group Bidco Limited | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21],[49] | 1% | [11],[13],[14],[21],[49] | 1% | [15],[17],[18],[22],[43] | 1% | [15],[17],[18],[22],[43] | |||
Consumer Goods – Non-durable | Paladone | Paladone Group Holdings Limited | Common Equity - Common Stock | |||||||||||
Shares | shares | 94,151 | [14],[23],[30],[49] | 94,151 | [14],[23],[30],[49] | 94,151 | [18],[24],[31],[43] | 94,151 | [18],[24],[31],[43] | |||
Investment cost | $ 94,000 | [3],[14],[23],[30],[49] | $ 94,000 | [6],[18],[24],[31],[43] | |||||||
Fair Value | 91,000 | [7],[8],[14],[23],[30],[49] | 119,000 | [9],[10],[18],[24],[31],[43] | |||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | |||||||||||
Investment cost | 3,488,000 | [3] | 3,758,000 | [6] | |||||||
Fair Value | $ 3,367,000 | [7],[8] | $ 4,120,000 | [9],[10] | |||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Second Lien Secured Debt | |||||||||||
Interest Rate | 8.75% | [32],[49] | 8.75% | [32],[49] | 8.75% | [34],[43] | 8.75% | [34],[43] | |||
Maturity Date | Feb. 07, 2024 | [32],[49] | Feb. 07, 2024 | [32],[49] | Feb. 07, 2024 | [34],[43] | Feb. 07, 2024 | [34],[43] | |||
Par | $ 1,293,000 | [19],[32],[49] | $ 1,293,000 | [20],[34],[43] | |||||||
Fair Value | $ 239,000 | [7],[8],[32],[49] | $ 239,000 | [9],[10],[34],[43] | |||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Gainline Galaxy Holdings LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | 10,854 | [23],[30],[49],[54] | 10,854 | [23],[30],[49],[54] | 10,854 | [24],[31],[43],[46] | 10,854 | [24],[31],[43],[46] | |||
Investment cost | $ 2,041,000 | [3],[23],[30],[49],[54] | $ 2,041,000 | [6],[24],[31],[43],[46] | |||||||
Fair Value | $ 1,420,000 | [7],[8],[23],[30],[49],[54] | $ 1,900,000 | [9],[10],[24],[31],[43],[46] | |||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [12],[49] | Nov. 12, 2026 | Nov. 12, 2026 | ||||||||
Par | [12],[19],[49] | $ 1,437,000 | |||||||||
Investment cost | [3],[12],[49] | 1,436,000 | |||||||||
Fair Value | [7],[8],[12],[49] | $ 1,436,000 | |||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [12],[49] | 5% | 5% | ||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12],[49] | 1% | 1% | ||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | Second Lien Secured Debt | |||||||||||
Maturity Date | [25],[43] | Nov. 12, 2026 | Nov. 12, 2026 | ||||||||
Par | [20],[25],[43] | $ 1,717,000 | |||||||||
Investment cost | [6],[25],[43] | 1,716,000 | |||||||||
Fair Value | [9],[10],[25],[43] | $ 1,717,000 | |||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [25],[43] | 5% | 5% | ||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Sequential Avia Holdings LLC | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [25],[43] | 1% | 1% | ||||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Swisstech IP CO, LLC | First Lien Secured Debt | |||||||||||
Interest Rate, Paid in Kind | [49] | 6% | 6% | ||||||||
Maturity Date | Nov. 29, 2024 | [49] | Nov. 29, 2024 | [49] | Nov. 29, 2024 | [43] | Nov. 29, 2024 | [43] | |||
Par | $ 272,000 | [19],[49] | $ 264,000 | [20],[43] | |||||||
Investment cost | 11,000 | [3],[49] | 1,000 | [6],[43] | |||||||
Fair Value | 272,000 | [7],[8],[49] | $ 264,000 | [9],[10],[43] | |||||||
Consumer Goods – Non-durable | Sequential Brands Group, Inc. | Swisstech IP CO, LLC | First Lien Secured Debt | PIK | |||||||||||
Interest Rate, Paid in Kind | [43] | 6% | 6% | ||||||||
Consumer Services | |||||||||||
Investment cost | 178,850,000 | [3] | $ 173,065,000 | [6] | |||||||
Fair Value | 176,890,000 | [7],[8] | 174,245,000 | [9],[10] | |||||||
Consumer Services | Activ | |||||||||||
Investment cost | 29,217,000 | [3] | 29,318,000 | [6] | |||||||
Fair Value | $ 29,359,000 | [7],[8] | $ 29,382,000 | [9],[10] | |||||||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | May 04, 2027 | [14],[55] | May 04, 2027 | [14],[55] | May 04, 2027 | [18],[42] | May 04, 2027 | [18],[42] | |||
Par | $ 29,716,000 | [14],[19],[55] | $ 29,869,000 | [18],[20],[42] | |||||||
Investment cost | 29,254,000 | [3],[14],[55] | 29,359,000 | [6],[18],[42] | |||||||
Fair Value | $ 29,419,000 | [7],[8],[14],[55] | $ 29,418,000 | [9],[10],[18],[42] | |||||||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [14],[55] | 6.25% | [14],[55] | 6.50% | [18],[42] | 6.50% | [18],[42] | |||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[55] | 1% | [14],[55] | 1% | [18],[42] | 1% | [18],[42] | |||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 04, 2027 | [11],[13],[14],[21] | May 04, 2027 | [11],[13],[14],[21] | May 04, 2027 | [15],[17],[18],[22] | May 04, 2027 | [15],[17],[18],[22] | |||
Par | $ 2,407,000 | [11],[13],[14],[19],[21] | $ 2,407,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (37,000) | [3],[11],[13],[14],[21] | (41,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (60,000) | [7],[8],[11],[13],[14],[21] | $ (36,000) | [9],[10],[15],[17],[18],[22] | |||||||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[13],[14],[21] | 6.50% | [11],[13],[14],[21] | 6.25% | [15],[17],[18],[22] | 6.25% | [15],[17],[18],[22] | |||
Consumer Services | Activ | Activ Software Holdings, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Consumer Services | Bird | Bird US Opco, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 12, 2024 | [11],[14],[36] | Oct. 12, 2024 | [11],[14],[36] | Oct. 12, 2024 | [15],[18],[37] | Oct. 12, 2024 | [15],[18],[37] | |||
Par | $ 33,715,000 | [11],[14],[19],[36] | $ 48,549,000 | [15],[18],[20],[37] | |||||||
Investment cost | 30,097,000 | [3],[11],[14],[36] | 22,076,000 | [6],[15],[18],[37] | |||||||
Fair Value | $ 30,648,000 | [7],[8],[11],[14],[36] | $ 22,821,000 | [9],[10],[15],[18],[37] | |||||||
Consumer Services | Bird | Bird US Opco, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[18],[37] | 7.50% | 7.50% | ||||||||
Consumer Services | Bird | Bird US Opco, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[36] | 7.50% | 7.50% | ||||||||
Consumer Services | Bird | Bird US Opco, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[36] | 1% | [11],[14],[36] | 1% | [15],[18],[37] | 1% | [15],[18],[37] | |||
Consumer Services | Clarus Commerce | |||||||||||
Investment cost | $ 21,366,000 | [3] | $ 21,338,000 | [6] | |||||||
Fair Value | $ 21,432,000 | [7],[8] | $ 21,526,000 | [9],[10] | |||||||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 01, 2025 | [12],[27] | Jul. 01, 2025 | [12],[27] | Jul. 01, 2025 | [16] | Jul. 01, 2025 | [16] | |||
Par | $ 21,632,000 | [12],[19],[27] | $ 21,632,000 | [16],[20] | |||||||
Investment cost | 21,366,000 | [3],[12],[27] | 21,330,000 | [6],[16] | |||||||
Fair Value | $ 21,438,000 | [7],[8],[12],[27] | $ 21,529,000 | [9],[10],[16] | |||||||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.50% | [12],[27] | 6.50% | [12],[27] | 6.50% | [16] | 6.50% | [16] | |||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[27] | 1% | [12],[27] | 1% | [16] | 1% | [16] | |||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jul. 01, 2025 | [11],[13],[21] | Jul. 01, 2025 | [11],[13],[21] | Jul. 01, 2025 | [15],[17],[22] | Jul. 01, 2025 | [15],[17],[22] | |||
Par | $ 685,000 | [11],[13],[19],[21] | $ 685,000 | [15],[17],[20],[22] | |||||||
Investment cost | [6],[15],[17],[22] | 8,000 | |||||||||
Fair Value | $ (6,000) | [7],[8],[11],[13],[21] | $ (3,000) | [9],[10],[15],[17],[22] | |||||||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[21] | 6% | [11],[13],[21] | 6% | [15],[17],[22] | 6% | [15],[17],[22] | |||
Consumer Services | Clarus Commerce | Marlin DTC-LS Midco 2, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[21] | 1% | [11],[13],[21] | 1% | [15],[17],[22] | 1% | [15],[17],[22] | |||
Consumer Services | First Heritage | |||||||||||
Investment cost | [6] | $ 22,152,000 | |||||||||
Fair Value | [9],[10] | $ 22,259,000 | |||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[17],[18],[37] | Aug. 31, 2022 | Aug. 31, 2022 | ||||||||
Par | [15],[17],[18],[20],[37] | $ 26,250,000 | |||||||||
Investment cost | [6],[15],[17],[18],[37] | 20,992,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[37] | $ 21,099,000 | |||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[17],[18],[37] | 4.75% | 4.75% | ||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[37] | 0% | 0% | ||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[17],[18],[37] | Aug. 31, 2022 | Aug. 31, 2022 | ||||||||
Par | [15],[17],[18],[20],[37] | $ 3,750,000 | |||||||||
Investment cost | [6],[15],[17],[18],[37] | 1,160,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[37] | $ 1,160,000 | |||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[37] | 5.50% | 5.50% | ||||||||
Consumer Services | First Heritage | First Heritage Credit, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[37] | 0% | 0% | ||||||||
Consumer Services | Go Car Wash | |||||||||||
Investment cost | $ 10,874,000 | [3] | $ 9,266,000 | [6] | |||||||
Fair Value | $ 10,703,000 | [7],[8] | $ 9,249,000 | [9],[10] | |||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 31, 2026 | [11],[13],[14],[36] | Dec. 31, 2026 | [11],[13],[14],[36] | Dec. 31, 2026 | [15],[17],[18],[37] | Dec. 31, 2026 | [15],[17],[18],[37] | |||
Par | $ 26,392,000 | [11],[13],[14],[19],[36] | $ 11,443,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 10,876,000 | [3],[11],[13],[14],[36] | 9,269,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 10,710,000 | [7],[8],[11],[13],[14],[36] | $ 9,255,000 | [9],[10],[15],[17],[18],[37] | |||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[17],[18],[37] | 5.75% | 5.75% | ||||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[36] | 5.75% | 5.75% | ||||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[36] | 1% | [11],[13],[14],[36] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 31, 2026 | [11],[13],[14],[21] | Dec. 31, 2026 | [11],[13],[14],[21] | Dec. 31, 2026 | [15],[17],[18],[22] | Dec. 31, 2026 | [15],[17],[18],[22] | |||
Par | $ 417,000 | [11],[13],[14],[19],[21] | $ 417,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (2,000) | [3],[11],[13],[14],[21] | (3,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (7,000) | [7],[8],[11],[13],[14],[21] | $ (6,000) | [9],[10],[15],[17],[18],[22] | |||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 5.75% | 5.75% | ||||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 5.75% | 5.75% | ||||||||
Consumer Services | Go Car Wash | Go Car Wash Management Corp. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Consumer Services | Lending Point | |||||||||||
Investment cost | $ 40,652,000 | [3] | $ 24,842,000 | [6] | |||||||
Fair Value | $ 40,794,000 | [7],[8] | $ 25,019,000 | [9],[10] | |||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 30, 2025 | [11],[13],[14],[33] | Dec. 30, 2025 | [11],[13],[14],[33] | Dec. 30, 2025 | [15],[16],[17],[18] | Dec. 30, 2025 | [15],[16],[17],[18] | |||
Par | $ 32,500,000 | [11],[13],[14],[19],[33] | $ 17,500,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 29,289,000 | [3],[11],[13],[14],[33] | 13,422,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 29,416,000 | [7],[8],[11],[13],[14],[33] | $ 13,515,000 | [9],[10],[15],[16],[17],[18] | |||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 10.50% | 10.50% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 10.50% | 10.50% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[33] | 1% | [11],[13],[14],[33] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 30, 2025 | [11],[14],[33] | Dec. 30, 2025 | [11],[14],[33] | Dec. 30, 2025 | [15],[16],[18] | Dec. 30, 2025 | [15],[16],[18] | |||
Par | $ 8,333,000 | [11],[14],[19],[33] | $ 8,333,000 | [15],[16],[18],[20] | |||||||
Investment cost | 8,271,000 | [3],[11],[14],[33] | 8,262,000 | [6],[15],[16],[18] | |||||||
Fair Value | $ 8,280,000 | [7],[8],[11],[14],[33] | $ 8,318,000 | [9],[10],[15],[16],[18] | |||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[16],[18] | 5.75% | 5.75% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[14],[33] | 5.75% | 5.75% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[33] | 1% | [11],[14],[33] | 1% | [15],[16],[18] | 1% | [15],[16],[18] | |||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 30, 2025 | [11],[13],[14],[33] | Dec. 30, 2025 | [11],[13],[14],[33] | Dec. 30, 2025 | [15],[16],[17],[18] | Dec. 30, 2025 | [15],[16],[17],[18] | |||
Par | $ 4,167,000 | [11],[13],[14],[19],[33] | $ 4,167,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 3,092,000 | [3],[11],[13],[14],[33] | 3,158,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 3,098,000 | [7],[8],[11],[13],[14],[33] | $ 3,186,000 | [9],[10],[15],[16],[17],[18] | |||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 5.75% | 5.75% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 5.75% | 5.75% | ||||||||
Consumer Services | Lending Point | Lending Point LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[33] | 1% | [11],[13],[14],[33] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Consumer Services | Only About Children | Nemo (BC) Bidco Pty Ltd | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[17],[43],[56] | Apr. 06, 2024 | Apr. 06, 2024 | ||||||||
Par | [15],[17],[20],[43],[56] | $ 7,000,000 | |||||||||
Investment cost | [6],[15],[17],[43],[56] | 4,953,000 | |||||||||
Fair Value | [9],[10],[15],[17],[43],[56] | $ 4,907,000 | |||||||||
Consumer Services | Only About Children | Nemo (BC) Bidco Pty Ltd | First Lien Secured Debt | Bank Bill Swap Rate, BBSW | |||||||||||
Interest Rate | [15],[17],[43],[56] | 6.75% | 6.75% | ||||||||
Consumer Services | Only About Children | Nemo (BC) Bidco Pty Ltd | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[17],[43],[56] | 1% | 1% | ||||||||
Consumer Services | Renovo | |||||||||||
Investment cost | [3] | $ 15,267,000 | |||||||||
Fair Value | [7],[8] | $ 15,211,000 | |||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[13],[14],[33] | Nov. 23, 2027 | Nov. 23, 2027 | ||||||||
Par | [11],[13],[14],[19],[33] | $ 18,000,000 | |||||||||
Investment cost | [3],[11],[13],[14],[33] | 15,075,000 | |||||||||
Fair Value | [7],[8],[11],[13],[14],[33] | $ 15,022,000 | |||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 6.50% | 6.50% | ||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[33] | 1% | 1% | ||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[13],[14],[36] | Nov. 23, 2027 | Nov. 23, 2027 | ||||||||
Par | [11],[13],[14],[19],[36] | $ 1,958,000 | |||||||||
Investment cost | [3],[11],[13],[14],[36] | 192,000 | |||||||||
Fair Value | [7],[8],[11],[13],[14],[36] | $ 189,000 | |||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[36] | 6.60% | 6.60% | ||||||||
Consumer Services | Renovo | Home Renew Buyer. Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[36] | 1% | 1% | ||||||||
Consumer Services | The Club Company | |||||||||||
Investment cost | $ 14,311,000 | [3] | $ 14,377,000 | [6] | |||||||
Fair Value | $ 12,427,000 | [7],[8] | $ 14,609,000 | [9],[10] | |||||||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt | |||||||||||
Maturity Date | Nov. 26, 2025 | [11],[13],[14],[49],[57] | Nov. 26, 2025 | [11],[13],[14],[49],[57] | Nov. 26, 2025 | [15],[17],[18],[43],[58] | Nov. 26, 2025 | [15],[17],[18],[43],[58] | |||
Par | £ | £ 14,970 | [11],[13],[14],[19],[49],[57] | £ 15,027 | [15],[17],[18],[20],[43],[58] | |||||||
Investment cost | $ 13,900,000 | [3],[11],[13],[14],[49],[57] | $ 13,965,000 | [6],[15],[17],[18],[43],[58] | |||||||
Fair Value | $ 12,042,000 | [7],[8],[11],[13],[14],[49],[57] | $ 14,157,000 | [9],[10],[15],[17],[18],[43],[58] | |||||||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt | SON Rate | |||||||||||
Spread | 6.25% | [11],[13],[14],[49],[57] | 6.25% | [11],[13],[14],[49],[57] | 6.25% | [15],[17],[18],[43],[58] | 6.25% | [15],[17],[18],[43],[58] | |||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.50% | [11],[13],[14],[49],[57] | 0.50% | [11],[13],[14],[49],[57] | 0.50% | [15],[17],[18],[43],[58] | 0.50% | [15],[17],[18],[43],[58] | |||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Nov. 26, 2025 | [11],[14],[49],[57] | Nov. 26, 2025 | [11],[14],[49],[57] | Nov. 26, 2025 | [15],[18],[43],[58] | Nov. 26, 2025 | [15],[18],[43],[58] | |||
Par | £ | £ 356 | [11],[14],[19],[49],[57] | £ 356 | [15],[18],[20],[43],[58] | |||||||
Investment cost | $ 411,000 | [3],[11],[14],[49],[57] | $ 411,000 | [6],[15],[18],[43],[58] | |||||||
Fair Value | $ 391,000 | [7],[8],[11],[14],[49],[57] | $ 457,000 | [9],[10],[15],[18],[43],[58] | |||||||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | SON Rate | |||||||||||
Spread | 6.25% | [11],[14],[49],[57] | 6.25% | [11],[14],[49],[57] | 6.25% | [15],[18],[43],[58] | 6.25% | [15],[18],[43],[58] | |||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.50% | [11],[14],[49],[57] | 0.50% | [11],[14],[49],[57] | 0.50% | [15],[18],[43],[58] | 0.50% | [15],[18],[43],[58] | |||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 26, 2025 | [11],[13],[14],[21],[49] | May 26, 2025 | [11],[13],[14],[21],[49] | May 26, 2025 | [15],[17],[18],[22],[43] | May 26, 2025 | [15],[17],[18],[22],[43] | |||
Par | £ | £ 345 | [11],[13],[14],[19],[21],[49] | £ 345 | [15],[17],[18],[20],[22],[43] | |||||||
Investment cost | [6],[15],[17],[18],[22],[43] | $ 1,000 | |||||||||
Fair Value | $ (6,000) | [7],[8],[11],[13],[14],[21],[49] | $ (5,000) | [9],[10],[15],[17],[18],[22],[43] | |||||||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | SON Rate | |||||||||||
Spread | 5.75% | [11],[13],[14],[21],[49] | 5.75% | [11],[13],[14],[21],[49] | 6.25% | [15],[17],[18],[22],[43] | 6.25% | [15],[17],[18],[22],[43] | |||
Consumer Services | The Club Company | Eldrickco Limited | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.50% | [11],[13],[14],[21],[49] | 0.50% | [11],[13],[14],[21],[49] | 0.50% | [15],[17],[18],[22],[43] | 0.50% | [15],[17],[18],[22],[43] | |||
Consumer Services | US Auto | |||||||||||
Investment cost | $ 17,066,000 | [3] | $ 12,730,000 | [6] | |||||||
Fair Value | $ 16,316,000 | [7],[8] | $ 12,615,000 | [9],[10] | |||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 17, 2024 | [11],[13],[14],[36] | Apr. 17, 2024 | [11],[13],[14],[36] | Apr. 17, 2024 | [15],[16],[17],[18] | Apr. 17, 2024 | [15],[16],[17],[18] | |||
Par | $ 20,000,000 | [11],[13],[14],[19],[36] | $ 20,000,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 5,023,000 | [3],[11],[13],[14],[36] | 9,343,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 4,400,000 | [7],[8],[11],[13],[14],[36] | $ 9,202,000 | [9],[10],[15],[16],[17],[18] | |||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 5.25% | 5.25% | ||||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[36] | 1% | [11],[13],[14],[36] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Spread | [11],[13],[14],[36] | 5.25% | 5.25% | ||||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 17, 2024 | [11],[13],[14],[36] | Apr. 17, 2024 | [11],[13],[14],[36] | Apr. 17, 2024 | [15],[16],[17],[18] | Apr. 17, 2024 | [15],[16],[17],[18] | |||
Par | $ 13,333,000 | [11],[13],[14],[19],[36] | $ 13,333,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 8,098,000 | [3],[11],[13],[14],[36] | 2,412,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 7,918,000 | [7],[8],[11],[13],[14],[36] | $ 2,418,000 | [9],[10],[15],[16],[17],[18] | |||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 6% | 6% | ||||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[36] | 1% | [11],[13],[14],[36] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Spread | [11],[13],[14],[36] | 6% | 6% | ||||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 17, 2025 | [14],[36] | Apr. 17, 2025 | [14],[36] | Mar. 31, 2023 | [16],[18] | Mar. 31, 2023 | [16],[18] | |||
Par | $ 4,000,000 | [14],[19],[36] | $ 1,000,000 | [16],[18],[20] | |||||||
Investment cost | 3,945,000 | [3],[14],[36] | 975,000 | [6],[16],[18] | |||||||
Fair Value | $ 3,998,000 | [7],[8],[14],[36] | $ 995,000 | [9],[10],[16],[18] | |||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 5.25% | 5.25% | ||||||||
Consumer Services | US Auto | U.S. Auto Finance, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[36] | 1% | [14],[36] | 1% | [16],[18] | 1% | [16],[18] | |||
Spread | [14],[36] | 9% | 9% | ||||||||
Consumer Services | Paper Source | |||||||||||
Investment cost | [6] | $ 12,013,000 | |||||||||
Fair Value | [9],[10] | $ 11,858,000 | |||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt | |||||||||||
Maturity Date | [16],[18] | May 27, 2026 | May 27, 2026 | ||||||||
Par | [16],[18],[20] | $ 10,607,000 | |||||||||
Investment cost | [6],[16],[18] | 10,515,000 | |||||||||
Fair Value | [9],[10],[16],[18] | $ 10,395,000 | |||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt | LIBOR | |||||||||||
Interest Rate | [16],[18] | 7% | 7% | ||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16],[18] | 1% | 1% | ||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[16],[17],[18] | May 27, 2026 | May 27, 2026 | ||||||||
Par | [15],[16],[17],[18],[20] | $ 3,082,000 | |||||||||
Investment cost | [6],[15],[16],[17],[18] | 1,498,000 | |||||||||
Fair Value | [9],[10],[15],[16],[17],[18] | $ 1,463,000 | |||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Interest Rate | [15],[16],[17],[18] | 7% | 7% | ||||||||
Consumer Services | Paper Source | Papershop Holdco Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[16],[17],[18] | 1% | 1% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||||||||
Investment cost | $ 46,912,000 | [3] | $ 61,425,000 | [6] | |||||||
Fair Value | 38,500,000 | [7],[8] | 54,641,000 | [9],[10] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | |||||||||||
Investment cost | 17,230,000 | [3] | 17,188,000 | [6] | |||||||
Fair Value | $ 17,111,000 | [7],[8] | $ 17,363,000 | [9],[10] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Compu-Link Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 11, 2024 | [11],[13],[14],[21] | Jun. 11, 2024 | [11],[13],[14],[21] | Jun. 11, 2024 | [15],[17],[18],[22] | Jun. 11, 2024 | [15],[17],[18],[22] | |||
Par | $ 2,273,000 | [11],[13],[14],[19],[21] | $ 2,273,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (17,000) | [3],[11],[13],[14],[21] | (22,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (32,000) | [7],[8],[11],[13],[14],[21] | $ (3,000) | [9],[10],[15],[17],[18],[22] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Compu-Link Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21] | 5.50% | [11],[13],[14],[21] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Compu-Link Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Peer Advisors, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 11, 2024 | [14],[27] | Jun. 11, 2024 | [14],[27] | Jun. 11, 2024 | [18],[37] | Jun. 11, 2024 | [18],[37] | |||
Par | $ 17,386,000 | [14],[19],[27] | $ 17,386,000 | [18],[20],[37] | |||||||
Investment cost | 17,247,000 | [3],[14],[27] | 17,210,000 | [6],[18],[37] | |||||||
Fair Value | $ 17,143,000 | [7],[8],[14],[27] | $ 17,366,000 | [9],[10],[18],[37] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Peer Advisors, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [14],[27] | 5.50% | [14],[27] | 5.50% | [18],[37] | 5.50% | [18],[37] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Celink | Peer Advisors, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Golden Bear | Golden Bear 2016-R, LLC | Structured Products And Other - Membership Interests | |||||||||||
Maturity Date | Sep. 20, 2042 | [45],[49],[59] | Sep. 20, 2042 | [45],[49],[59] | Sep. 20, 2042 | [43],[47],[51] | Sep. 20, 2042 | [43],[47],[51] | |||
Investment cost | $ 16,998,000 | [3],[45],[49],[59] | $ 16,998,000 | [6],[43],[47],[51] | |||||||
Fair Value | $ 8,748,000 | [7],[8],[45],[49],[59] | $ 10,038,000 | [9],[10],[43],[47],[51] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Purchasing Power LLC | Purchasing Power Funding I, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 24, 2025 | [11],[13],[14] | Feb. 24, 2025 | [11],[13],[14] | Jan. 24, 2024 | [15],[17],[18],[37] | Jan. 24, 2024 | [15],[17],[18],[37] | |||
Par | $ 9,113,000 | [11],[13],[14],[19] | $ 9,113,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | [6],[15],[17],[18],[37] | 1,142,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[37] | $ 1,142,000 | |||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Purchasing Power LLC | Purchasing Power Funding I, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[13],[14] | 6.50% | [11],[13],[14] | 6.50% | [15],[17],[18],[37] | 6.50% | [15],[17],[18],[37] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Purchasing Power LLC | Purchasing Power Funding I, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0% | [11],[13],[14] | 0% | [11],[13],[14] | 0% | [15],[17],[18],[37] | 0% | [15],[17],[18],[37] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | |||||||||||
Investment cost | $ 12,684,000 | [3] | $ 12,282,000 | [6] | |||||||
Fair Value | $ 12,641,000 | [7],[8] | $ 12,325,000 | [9],[10] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 29, 2028 | [11],[12],[13],[14] | Jun. 29, 2028 | [11],[12],[13],[14] | Jun. 29, 2028 | [15],[16],[17],[18] | Jun. 29, 2028 | [15],[16],[17],[18] | |||
Par | $ 14,424,000 | [11],[12],[13],[14],[19] | $ 14,490,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 12,689,000 | [3],[11],[12],[13],[14] | 12,288,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 12,647,000 | [7],[8],[11],[12],[13],[14] | $ 12,329,000 | [9],[10],[15],[16],[17],[18] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [11],[12],[13],[14] | 5.75% | [11],[12],[13],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[12],[13],[14] | 0.75% | [11],[12],[13],[14] | 0.75% | [15],[16],[17],[18] | 0.75% | [15],[16],[17],[18] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 29, 2027 | [11],[13],[14],[21] | Jun. 29, 2027 | [11],[13],[14],[21] | Jun. 29, 2027 | [15],[17],[18],[22] | Jun. 29, 2027 | [15],[17],[18],[22] | |||
Par | $ 420,000 | [11],[13],[14],[19],[21] | $ 420,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (5,000) | [3],[11],[13],[14],[21] | (6,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (6,000) | [7],[8],[11],[13],[14],[21] | $ (4,000) | [9],[10],[15],[17],[18],[22] | |||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[21] | 5.75% | [11],[13],[14],[21] | 5.75% | [15],[17],[18],[22] | 5.75% | [15],[17],[18],[22] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Spectrum Automotive | Shelby 2021 Holdings Corp | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[13],[14],[21] | 0.75% | [11],[13],[14],[21] | 0.75% | [15],[17],[18],[22] | 0.75% | [15],[17],[18],[22] | |||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | |||||||||||
Investment cost | [6] | $ 13,858,000 | |||||||||
Fair Value | [9],[10] | $ 13,846,000 | |||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[17],[18],[37],[43] | Dec. 31, 2022 | Dec. 31, 2022 | ||||||||
Par | [15],[17],[18],[20],[37],[43] | $ 14,667,000 | |||||||||
Investment cost | [6],[15],[17],[18],[37],[43] | 12,011,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[37],[43] | $ 11,985,000 | |||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[17],[18],[37],[43] | 6.50% | 6.50% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[37],[43] | 1% | 1% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[17],[18],[37],[43] | Dec. 31, 2022 | Dec. 31, 2022 | ||||||||
Par | [15],[17],[18],[20],[37],[43] | $ 5,333,000 | |||||||||
Investment cost | [6],[15],[17],[18],[37],[43] | 1,847,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[37],[43] | $ 1,861,000 | |||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[37],[43] | 6.50% | 6.50% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Flock Financial L L C | Flock S P V I L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[37],[43] | 1% | 1% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Ten-X, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[17],[22] | Sep. 29, 2022 | Sep. 29, 2022 | ||||||||
Par | [15],[17],[20],[22] | $ 4,680,000 | |||||||||
Investment cost | [6],[15],[17],[22] | (43,000) | |||||||||
Fair Value | [9],[10],[15],[17],[22] | $ (73,000) | |||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Ten-X, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Interest Rate | [15],[17],[22] | 3.25% | 3.25% | ||||||||
Diversified Investment Vehicles, Banking, Finance, Real Estate | Ten-X, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[22] | 0% | 0% | ||||||||
Education | NFA Group | |||||||||||
Investment cost | $ 36,326,000 | [3] | $ 36,322,000 | [6] | |||||||
Fair Value | $ 33,181,000 | [7],[8] | $ 39,059,000 | [9],[10] | |||||||
Education | NFA Group | SSCP Spring Bidco Limited | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 30, 2025 | [14],[49],[57] | Jul. 30, 2025 | [14],[49],[57] | Jul. 30, 2025 | [18],[43],[58] | Jul. 30, 2025 | [18],[43],[58] | |||
Par | £ | £ 30,000 | [14],[19],[49],[57] | £ 30,000 | [18],[20],[43],[58] | |||||||
Investment cost | $ 36,326,000 | [3],[14],[49],[57] | $ 36,322,000 | [6],[18],[43],[58] | |||||||
Fair Value | $ 33,181,000 | [7],[8],[14],[49],[57] | $ 39,059,000 | [9],[10],[18],[43],[58] | |||||||
Education | NFA Group | SSCP Spring Bidco Limited | First Lien Secured Debt | SON Rate | |||||||||||
Interest Rate | [18],[43],[58] | 6% | 6% | ||||||||
Spread | [14],[49],[57] | 5.75% | 5.75% | ||||||||
Education | NFA Group | SSCP Spring Bidco Limited | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.50% | [14],[49],[57] | 0.50% | [14],[49],[57] | 0.50% | [18],[43],[58] | 0.50% | [18],[43],[58] | |||
Energy Electricity | |||||||||||
Investment cost | $ 30,598,000 | [3] | $ 29,670,000 | [6] | |||||||
Fair Value | 6,207,000 | [7],[8] | 7,830,000 | [9],[10] | |||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | |||||||||||
Investment cost | 17,740,000 | [3] | 16,813,000 | [6] | |||||||
Fair Value | $ 4,495,000 | [7],[8] | $ 5,956,000 | [9],[10] | |||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | AIC SPV Holdings II, LLC | Preferred Equity - Preferred Stock | |||||||||||
Shares | shares | 534,375 | [30],[45],[49],[60] | 534,375 | [30],[45],[49],[60] | 142 | [31],[43],[51],[61] | 142 | [31],[43],[51],[61] | |||
Investment cost | $ 534,000 | [3],[30],[45],[49],[60] | $ 534,000 | [6],[31],[43],[51],[61] | |||||||
Fair Value | [9],[10],[31],[43],[51],[61] | $ 355,000 | |||||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity - Series E Preferred Stock | |||||||||||
Shares | shares | 441,576 | [23],[30],[45],[49] | 441,576 | [23],[30],[45],[49] | 441,576 | [24],[31],[43],[51] | 441,576 | [24],[31],[43],[51] | |||
Investment cost | $ 1,902,000 | [3],[23],[30],[45],[49] | $ 1,902,000 | [6],[24],[31],[43],[51] | |||||||
Fair Value | $ 2,050,000 | [7],[8],[23],[30],[45],[49] | $ 4,988,000 | [9],[10],[24],[31],[43],[51] | |||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity - Series B Preferred Stock | |||||||||||
Shares | shares | 1,505,868 | [23],[30],[45],[49] | 1,505,868 | [23],[30],[45],[49] | 1,505,868 | [24],[31],[51] | 1,505,868 | [24],[31],[51] | |||
Investment cost | $ 8,343,000 | [3],[23],[30],[45],[49] | $ 8,343,000 | [6],[24],[31],[51] | |||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity - Series D Preferred Stock | |||||||||||
Shares | shares | 436,689 | [23],[30],[45],[49] | 436,689 | [23],[30],[45],[49] | 436,689 | [24],[31],[51] | 436,689 | [24],[31],[51] | |||
Investment cost | $ 5,568,000 | [3],[23],[30],[45],[49] | $ 5,568,000 | [6],[24],[31],[51] | |||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity - Preferred Stock | |||||||||||
Shares | shares | [23],[30],[45],[49] | 1,000,000 | 1,000,000 | ||||||||
Investment cost | [3],[23],[30],[45],[49] | $ 1,000,000 | |||||||||
Fair Value | [7],[8],[23],[30],[45],[49] | $ 2,000,000 | |||||||||
Energy Electricity | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Renew JV LLC | Common Equity - Membership Interests | |||||||||||
Shares | shares | 393,242 | [23],[30],[45],[49] | 393,242 | [23],[30],[45],[49] | 465,750 | [24],[31],[43],[51] | 465,750 | [24],[31],[43],[51] | |||
Investment cost | $ 393,000 | [3],[23],[30],[45],[49] | $ 466,000 | [6],[24],[31],[43],[51] | |||||||
Fair Value | 445,000 | [7],[8],[23],[30],[45],[49] | 613,000 | [9],[10],[24],[31],[43],[51] | |||||||
Energy Electricity | Solarplicity Group Limited (f/k/a AMP Solar UK) | |||||||||||
Investment cost | 12,858,000 | [3] | 12,857,000 | [6] | |||||||
Fair Value | $ 1,712,000 | [7],[8] | $ 1,874,000 | [9],[10] | |||||||
Energy Electricity | Solarplicity Group Limited (f/k/a AMP Solar UK) | Solarplicity UK Holdings Limited | Common Equity - Common Stock | |||||||||||
Shares | shares | 2,825 | [23],[49],[50] | 2,825 | [23],[49],[50] | 2,825 | [24],[43],[52] | 2,825 | [24],[43],[52] | |||
Investment cost | $ 4,000 | [3],[23],[49],[50] | $ 4,000 | [6],[24],[43],[52] | |||||||
Energy Electricity | Solarplicity Group Limited (f/k/a AMP Solar UK) | Solarplicity UK Holdings Limited | Preferred Equity - Preferred Stock | |||||||||||
Shares | shares | 4,286 | [23],[49],[50] | 4,286 | [23],[49],[50] | 4,286 | [24],[43],[52] | 4,286 | [24],[43],[52] | |||
Investment cost | $ 5,623,000 | [3],[23],[49],[50] | $ 5,623,000 | [6],[24],[43],[52] | |||||||
Energy Electricity | Solarplicity Group Limited (f/k/a AMP Solar UK) | Solarplicity UK Holdings Limited | First Lien Secured Debt | |||||||||||
Interest Rate | 4% | [32],[49] | 4% | [32],[49] | 4% | [34],[43] | 4% | [34],[43] | |||
Maturity Date | Mar. 08, 2023 | [32],[49] | Mar. 08, 2023 | [32],[49] | Mar. 08, 2023 | [34],[43] | Mar. 08, 2023 | [34],[43] | |||
Par | £ | £ 5,562 | [19],[32],[49] | £ 5,562 | [20],[34],[43] | |||||||
Investment cost | $ 7,231,000 | [3],[32],[49] | $ 7,230,000 | [6],[34],[43] | |||||||
Fair Value | 1,712,000 | [7],[8],[32],[49] | 1,874,000 | [9],[10],[34],[43] | |||||||
Energy - Oil & Gas | |||||||||||
Investment cost | 105,704,000 | [3] | 120,805,000 | [6] | |||||||
Fair Value | 25,601,000 | [7],[8] | 36,956,000 | [9],[10] | |||||||
Energy - Oil & Gas | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | |||||||||||
Investment cost | 30,119,000 | [3] | 37,536,000 | [6] | |||||||
Fair Value | $ 5,836,000 | [7],[8] | $ 6,204,000 | [9],[10] | |||||||
Energy - Oil & Gas | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Common Equity - Common Stock | |||||||||||
Shares | shares | 10,000,000 | [23],[30],[62] | 10,000,000 | [23],[30],[62] | 10,000,000 | [24],[31],[38] | 10,000,000 | [24],[31],[38] | |||
Investment cost | $ 30,078,000 | [3],[23],[30],[62] | $ 30,078,000 | [6],[24],[31],[38] | |||||||
Fair Value | [7],[8],[23],[30],[62] | $ 5,796,000 | |||||||||
Energy - Oil & Gas | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Second Lien Secured Debt | |||||||||||
Maturity Date | Mar. 31, 2023 | [62] | Mar. 31, 2023 | [62] | Mar. 31, 2023 | [34],[38] | Mar. 31, 2023 | [34],[38] | |||
Par | $ 40,000 | [19],[62] | $ 8,323,000 | [20],[34],[38] | |||||||
Investment cost | 41,000 | [3],[62] | 7,458,000 | [6],[34],[38] | |||||||
Fair Value | $ 40,000 | [7],[8],[62] | $ 6,204,000 | [9],[10],[34],[38] | |||||||
Energy - Oil & Gas | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Second Lien Secured Debt | PIK | |||||||||||
Interest Rate, Paid in Kind | 10% | [62] | 10% | [62] | 10% | [34],[38] | 10% | [34],[38] | |||
Energy - Oil & Gas | Pelican | Pelican Energy, LLC | Common Equity - Membership Interests | |||||||||||
Shares | shares | 1,444 | [23],[30],[45],[49],[54] | 1,444 | [23],[30],[45],[49],[54] | 1,444 | [24],[31],[43],[46],[51] | 1,444 | [24],[31],[43],[46],[51] | |||
Investment cost | $ 12,271,000 | [3],[23],[30],[45],[49],[54] | $ 13,063,000 | [6],[24],[31],[43],[46],[51] | |||||||
Fair Value | 195,000 | [7],[8],[23],[30],[45],[49],[54] | 630,000 | [9],[10],[24],[31],[43],[46],[51] | |||||||
Energy - Oil & Gas | Spotted Hawk | |||||||||||
Investment cost | 63,314,000 | [3] | 70,206,000 | [6] | |||||||
Fair Value | $ 19,570,000 | [7],[8] | $ 30,122,000 | [9],[10] | |||||||
Energy - Oil & Gas | Spotted Hawk | SHD Oil & Gas, LLC | Common Equity - Series A Units | |||||||||||
Shares | shares | 7,600,000 | [23],[30],[54],[62] | 7,600,000 | [23],[30],[54],[62] | 7,600,000 | [24],[31],[38],[46] | 7,600,000 | [24],[31],[38],[46] | |||
Investment cost | $ 1,411,000 | [3],[23],[30],[54],[62] | $ 1,411,000 | [6],[24],[31],[38],[46] | |||||||
Energy - Oil & Gas | Spotted Hawk | SHD Oil & Gas, LLC | Common Equity - Series C Units | |||||||||||
Shares | shares | 50,952,525 | [23],[30],[54],[62] | 50,952,525 | [23],[30],[54],[62] | 50,952,525 | [24],[31],[38],[46] | 50,952,525 | [24],[31],[38],[46] | |||
Investment cost | $ 44,065,000 | [3],[23],[30],[54],[62] | $ 44,067,000 | [6],[24],[31],[38],[46] | |||||||
Fair Value | $ 1,196,000 | [7],[8],[23],[30],[54],[62] | $ 4,652,000 | [9],[10],[24],[31],[38],[46] | |||||||
Energy - Oil & Gas | Spotted Hawk | SHD Oil & Gas, LLC | First Lien Secured Debt | |||||||||||
Interest Rate | [62] | 12% | 12% | ||||||||
Maturity Date | [62] | Mar. 31, 2023 | Mar. 31, 2023 | ||||||||
Par | [19],[62] | $ 17,838,000 | |||||||||
Investment cost | [3],[62] | 17,838,000 | |||||||||
Fair Value | [7],[8],[62] | 18,374,000 | |||||||||
Energy - Oil & Gas | Spotted Hawk | SHD Oil & Gas, LLC | First Lien Secured Debt - Tranche C Note | |||||||||||
Interest Rate | [38] | 12% | 12% | ||||||||
Maturity Date | [38] | Jun. 30, 2022 | Jun. 30, 2022 | ||||||||
Par | [20],[38] | $ 24,728,000 | |||||||||
Investment cost | [6],[38] | 24,728,000 | |||||||||
Fair Value | [9],[10],[38] | 25,470,000 | |||||||||
Environmental Industries | |||||||||||
Investment cost | [6] | 8,129,000 | |||||||||
Fair Value | [9],[10] | $ 8,226,000 | |||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[17],[18],[25] | Oct. 31, 2026 | Oct. 31, 2026 | ||||||||
Par | [15],[17],[18],[20],[25] | $ 14,497,000 | |||||||||
Investment cost | [6],[15],[17],[18],[25] | 8,156,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[25] | $ 8,235,000 | |||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[17],[18],[25] | 5% | 5% | ||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[25] | 1% | 1% | ||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[17],[18],[22] | Oct. 31, 2026 | Oct. 31, 2026 | ||||||||
Par | [15],[17],[18],[20],[22] | $ 2,049,000 | |||||||||
Investment cost | [6],[15],[17],[18],[22] | 27,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[22] | $ (9,000) | |||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 5% | 5% | ||||||||
Environmental Industries | Ortega National Parks | Ortega National Parks, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[22] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | |||||||||||
Investment cost | 437,446,000 | [3] | $ 404,041,000 | [6] | |||||||
Fair Value | $ 439,462,000 | [7],[8] | $ 406,297,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | 83bar | 83Bar, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 02, 2026 | [14],[36] | Jul. 02, 2026 | [14],[36] | Jul. 02, 2026 | [18],[37] | Jul. 02, 2026 | [18],[37] | |||
Par | $ 3,646,000 | [14],[19],[36] | $ 5,000,000 | [18],[20],[37] | |||||||
Investment cost | 3,631,000 | [3],[14],[36] | 4,978,000 | [6],[18],[37] | |||||||
Fair Value | $ 3,582,000 | [7],[8],[14],[36] | $ 4,975,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | 83bar | 83Bar, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | 83bar | 83Bar, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | 83bar | 83Bar, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1.50% | [14],[36] | 1.50% | [14],[36] | 1.50% | [18],[37] | 1.50% | [18],[37] | |||
Healthcare & Pharmaceuticals | Akoya | Akoya Biosciences, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 27, 2025 | [14],[36] | Oct. 27, 2025 | [14],[36] | Oct. 27, 2025 | [18],[37] | Oct. 27, 2025 | [18],[37] | |||
Par | $ 15,750,000 | [14],[19],[36] | $ 9,750,000 | [18],[20],[37] | |||||||
Investment cost | 15,752,000 | [3],[14],[36] | 9,772,000 | [6],[18],[37] | |||||||
Fair Value | $ 15,750,000 | [7],[8],[14],[36] | $ 9,771,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Akoya | Akoya Biosciences, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.35% | 6.35% | ||||||||
Healthcare & Pharmaceuticals | Akoya | Akoya Biosciences, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 6.35% | 6.35% | ||||||||
Healthcare & Pharmaceuticals | Akoya | Akoya Biosciences, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1.61% | [14],[36] | 1.61% | [14],[36] | 1.50% | [18],[37] | 1.50% | [18],[37] | |||
Healthcare & Pharmaceuticals | Analogic | |||||||||||
Investment cost | $ 19,121,000 | [3] | $ 18,968,000 | [6] | |||||||
Fair Value | $ 18,885,000 | [7],[8] | $ 18,859,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 22, 2024 | [12],[14] | Jun. 22, 2024 | [12],[14] | Jun. 22, 2024 | [16],[18] | Jun. 22, 2024 | [16],[18] | |||
Par | $ 17,759,000 | [12],[14],[19] | $ 17,850,000 | [16],[18],[20] | |||||||
Investment cost | 17,616,000 | [3],[12],[14] | 17,675,000 | [6],[16],[18] | |||||||
Fair Value | $ 17,404,000 | [7],[8],[12],[14] | $ 17,582,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.25% | [12],[14] | 5.25% | [12],[14] | 5.25% | [16],[18] | 5.25% | [16],[18] | |||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 22, 2023 | [11],[12],[13],[14] | Jun. 22, 2023 | [11],[12],[13],[14] | Jun. 22, 2023 | [15],[16],[17],[18] | Jun. 22, 2023 | [15],[16],[17],[18] | |||
Par | $ 1,826,000 | [11],[12],[13],[14],[19] | $ 1,826,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 1,505,000 | [3],[11],[12],[13],[14] | 1,293,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 1,481,000 | [7],[8],[11],[12],[13],[14] | $ 1,277,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.25% | [11],[12],[13],[14] | 5.25% | [11],[12],[13],[14] | 5.25% | [15],[16],[17],[18] | 5.25% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Analogic | Analogic Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Carbon6 | |||||||||||
Investment cost | [3] | $ 2,738,000 | |||||||||
Fair Value | [7],[8] | $ 2,738,000 | |||||||||
Healthcare & Pharmaceuticals | Carbon6 | Carbon6 Technologies, Inc. | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | [14],[23],[30] | 280,899 | 280,899 | ||||||||
Investment cost | [3],[14],[23],[30] | $ 250,000 | |||||||||
Fair Value | [7],[8],[14],[23],[30] | $ 250,000 | |||||||||
Healthcare & Pharmaceuticals | Carbon6 | Carbon6 Technologies, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[14],[36] | Aug. 01, 2027 | Aug. 01, 2027 | ||||||||
Par | [11],[14],[19],[36] | $ 12,500,000 | |||||||||
Investment cost | [3],[11],[14],[36] | 2,488,000 | |||||||||
Fair Value | [7],[8],[11],[14],[36] | $ 2,488,000 | |||||||||
Healthcare & Pharmaceuticals | Carbon6 | Carbon6 Technologies, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[36] | 6.75% | 6.75% | ||||||||
Healthcare & Pharmaceuticals | Carbon6 | Carbon6 Technologies, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[14],[36] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Cato Research | |||||||||||
Investment cost | $ 13,259,000 | [3] | $ 13,015,000 | [6] | |||||||
Fair Value | $ 13,233,000 | [7],[8] | $ 13,024,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 16, 2027 | [12],[14] | Dec. 16, 2027 | [12],[14] | Dec. 16, 2027 | [18],[37] | Dec. 16, 2027 | [18],[37] | |||
Par | $ 13,027,000 | [12],[14],[19] | $ 13,092,000 | [18],[20],[37] | |||||||
Investment cost | 12,736,000 | [3],[12],[14] | 12,778,000 | [6],[18],[37] | |||||||
Fair Value | $ 12,715,000 | [7],[8],[12],[14] | $ 12,787,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.75% | [12],[14] | 6.75% | [12],[14] | 6.75% | [18],[37] | 6.75% | [18],[37] | |||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [18],[37] | 1% | [18],[37] | |||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 16, 2026 | [11],[12],[13],[14] | Dec. 16, 2026 | [11],[12],[13],[14] | Dec. 16, 2026 | [15],[16],[17],[18] | Dec. 16, 2026 | [15],[16],[17],[18] | |||
Par | $ 1,875,000 | [11],[12],[13],[14],[19] | $ 1,875,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 523,000 | [3],[11],[12],[13],[14] | 237,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 518,000 | [7],[8],[11],[12],[13],[14] | $ 237,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.75% | [11],[12],[13],[14] | 6.75% | [11],[12],[13],[14] | 6.75% | [15],[16],[17],[18] | 6.75% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Cato Research | LS Clinical Services Holdings, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Cerus | |||||||||||
Investment cost | $ 16,503,000 | [3] | $ 17,137,000 | [6] | |||||||
Fair Value | $ 16,530,000 | [7],[8] | $ 17,337,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 01, 2024 | [14],[27],[49] | Mar. 01, 2024 | [14],[27],[49] | Mar. 01, 2024 | [18],[37],[43] | Mar. 01, 2024 | [18],[37],[43] | |||
Par | $ 16,500,000 | [14],[19],[27],[49] | $ 16,500,000 | [20] | |||||||
Investment cost | 16,474,000 | [3],[14],[27],[49] | 16,467,000 | [6] | |||||||
Fair Value | $ 16,500,000 | [7],[8],[14],[27],[49] | $ 16,665,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.45% | [14],[27],[49] | 5.45% | [14],[27],[49] | 5.45% | [18],[37],[43] | 5.45% | [18],[37],[43] | |||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1.80% | [14],[27],[49] | 1.80% | [14],[27],[49] | 1.80% | [18],[37],[43] | 1.80% | [18],[37],[43] | |||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 01, 2024 | [11],[13],[14],[27],[49] | Mar. 01, 2024 | [11],[13],[14],[27],[49] | Mar. 01, 2024 | [15],[17],[18],[37],[43] | Mar. 01, 2024 | [15],[17],[18],[37],[43] | |||
Par | $ 1,500,000 | [11],[13],[14],[19],[27],[49] | $ 1,500,000 | [20] | |||||||
Investment cost | 29,000 | [3],[11],[13],[14],[27],[49] | 670,000 | [6] | |||||||
Fair Value | $ 30,000 | [7],[8],[11],[13],[14],[27],[49] | $ 672,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 3.75% | [11],[13],[14],[27],[49] | 3.75% | [11],[13],[14],[27],[49] | 3.75% | [15],[17],[18],[37],[43] | 3.75% | [15],[17],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Cerus | Cerus Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1.80% | [11],[13],[14],[27],[49] | 1.80% | [11],[13],[14],[27],[49] | 1.80% | [15],[17],[18],[37],[43] | 1.80% | [15],[17],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Compass Health | |||||||||||
Investment cost | $ 8,632,000 | [3] | $ 8,095,000 | [6] | |||||||
Fair Value | $ 8,597,000 | [7],[8] | $ 8,083,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 30, 2024 | [14],[36] | Sep. 30, 2024 | [14],[36] | Sep. 30, 2024 | [18],[41] | Sep. 30, 2024 | [18],[41] | |||
Par | $ 7,563,000 | [14],[19],[36] | $ 7,601,000 | [18],[20],[41] | |||||||
Investment cost | 7,291,000 | [3],[14],[36] | 7,328,000 | [6],[18],[41] | |||||||
Fair Value | $ 7,260,000 | [7],[8],[14],[36] | $ 7,316,000 | [9],[10],[18],[41] | |||||||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt | SOFR | |||||||||||
Spread | 6.25% | [14],[36] | 6.25% | [14],[36] | 6.25% | [18],[41] | 6.25% | [18],[41] | |||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[36] | 1% | [14],[36] | 1% | [18],[41] | 1% | [18],[41] | |||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 30, 2024 | [11],[14],[36] | Sep. 30, 2024 | [11],[14],[36] | Sep. 30, 2024 | [15],[17],[18],[41] | Sep. 30, 2024 | [15],[17],[18],[41] | |||
Par | $ 1,393,000 | [11],[14],[19],[36] | $ 1,393,000 | [15],[17],[18],[20],[41] | |||||||
Investment cost | 1,341,000 | [3],[11],[14],[36] | 767,000 | [6],[15],[17],[18],[41] | |||||||
Fair Value | $ 1,337,000 | [7],[8],[11],[14],[36] | $ 767,000 | [9],[10],[15],[17],[18],[41] | |||||||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | 6.25% | [11],[14],[36] | 6.25% | [11],[14],[36] | 6.25% | [15],[17],[18],[41] | 6.25% | [15],[17],[18],[41] | |||
Healthcare & Pharmaceuticals | Compass Health | Roscoe Medical, Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[36] | 1% | [11],[14],[36] | 1% | [15],[17],[18],[41] | 1% | [15],[17],[18],[41] | |||
Healthcare & Pharmaceuticals | Emmes Corporation | |||||||||||
Investment cost | [6] | $ 18,492,000 | |||||||||
Fair Value | [9],[10] | $ 18,937,000 | |||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | Emmes Blocker, Inc. | Common Equity - Common Stock | |||||||||||
Shares | shares | 306 | [14],[23] | 306 | [14],[23] | 306 | [18],[24] | 306 | [18],[24] | |||
Investment cost | $ 306,000 | [3],[14],[23] | $ 306,000 | [6],[18],[24] | |||||||
Fair Value | 2,426,000 | [7],[8],[14],[23] | $ 879,000 | [9],[10],[18],[24] | |||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [18],[25] | Mar. 03, 2025 | Mar. 03, 2025 | ||||||||
Par | [18],[20],[25] | $ 15,886,000 | |||||||||
Investment cost | [6],[18],[25] | 15,755,000 | |||||||||
Fair Value | [9],[10],[18],[25] | $ 15,646,000 | |||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[25] | 5% | 5% | ||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [18],[25] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[18],[37] | Mar. 03, 2025 | Mar. 03, 2025 | ||||||||
Par | [15],[18],[20],[37] | $ 2,449,000 | |||||||||
Investment cost | [6],[15],[18],[37] | 2,431,000 | |||||||||
Fair Value | [9],[10],[15],[18],[37] | $ 2,412,000 | |||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[18],[37] | 5% | 5% | ||||||||
Healthcare & Pharmaceuticals | Emmes Corporation | The Emmes Company, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[18],[37] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Empi Rx | |||||||||||
Investment cost | 8,857,000 | [3] | $ 8,890,000 | [6] | |||||||
Fair Value | $ 8,923,000 | [7],[8] | $ 8,968,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 05, 2027 | [14],[53] | Aug. 05, 2027 | [14],[53] | Aug. 05, 2027 | [16],[18] | Aug. 05, 2027 | [16],[18] | |||
Par | $ 9,023,000 | [14],[19],[53] | $ 9,068,000 | [16],[18],[20] | |||||||
Investment cost | 8,872,000 | [3],[14],[53] | 8,906,000 | [6],[16],[18] | |||||||
Fair Value | $ 8,932,000 | [7],[8],[14],[53] | $ 8,977,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5% | [14],[53] | 5% | [14],[53] | 5.50% | [16],[18] | 5.50% | [16],[18] | |||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[53] | 1% | [14],[53] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 05, 2027 | [11],[13],[14],[21],[26] | Aug. 05, 2027 | [11],[13],[14],[21],[26] | Aug. 05, 2027 | [15],[17],[18],[22] | Aug. 05, 2027 | [15],[17],[18],[22] | |||
Par | $ 909,000 | [11],[13],[14],[19],[21],[26] | $ 909,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (15,000) | [3],[11],[13],[14],[21],[26] | (16,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (9,000) | [7],[8],[11],[13],[14],[21],[26] | $ (9,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21],[26] | 5.50% | [11],[13],[14],[21],[26] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Empi Rx | EmpiRx Health LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21],[26] | 1% | [11],[13],[14],[21],[26] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Forge Biologics | |||||||||||
Investment cost | [3] | $ 13,221,000 | |||||||||
Fair Value | [7],[8] | $ 13,282,000 | |||||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 03, 2026 | [14],[36] | Dec. 03, 2026 | [14],[36] | Dec. 03, 2026 | [15],[18],[37] | Dec. 03, 2026 | [15],[18],[37] | |||
Par | $ 26,667,000 | [14],[19],[36] | $ 26,667,000 | [15],[18],[20],[37] | |||||||
Investment cost | 13,221,000 | [3],[14],[36] | 3,209,000 | [6],[15],[18],[37] | |||||||
Fair Value | $ 13,282,000 | [7],[8],[14],[36] | $ 3,245,000 | [9],[10],[15],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[18],[37] | 6.75% | 6.75% | ||||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 6.75% | 6.75% | ||||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.50% | [14],[36] | 0.50% | [14],[36] | 0.50% | [15],[18],[37] | 0.50% | [15],[18],[37] | |||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[14],[21] | Dec. 03, 2026 | Dec. 03, 2026 | ||||||||
Par | [11],[14],[19],[21] | $ 13,333,000 | |||||||||
Investment cost | [3],[11],[14],[21] | (56,000) | |||||||||
Fair Value | [7],[8],[11],[14],[21] | $ (26,000) | |||||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[21] | 6.75% | 6.75% | ||||||||
Healthcare & Pharmaceuticals | Forge Biologics | Forge Biologics, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[14],[21] | 0.50% | 0.50% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | |||||||||||
Investment cost | [3] | $ 9,346,000 | |||||||||
Fair Value | [7],[8] | $ 9,281,000 | |||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[35] | Sep. 22, 2026 | Sep. 22, 2026 | ||||||||
Par | [14],[19],[35] | $ 7,533,000 | |||||||||
Investment cost | [3],[14],[35] | 7,469,000 | |||||||||
Fair Value | [7],[8],[14],[35] | $ 7,420,000 | |||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[35] | 5.50% | 5.50% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [14],[35] | 0.75% | 0.75% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[13],[14],[33] | Sep. 22, 2026 | Sep. 22, 2026 | ||||||||
Par | [11],[13],[14],[19],[33] | $ 304,000 | |||||||||
Investment cost | [3],[11],[13],[14],[33] | 164,000 | |||||||||
Fair Value | [7],[8],[11],[13],[14],[33] | $ 162,000 | |||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[33] | 0.75% | 0.75% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[13],[14],[33],[35] | Sep. 22, 2026 | Sep. 22, 2026 | ||||||||
Par | [11],[13],[14],[19],[33],[35] | $ 2,123,000 | |||||||||
Investment cost | [3],[11],[13],[14],[33],[35] | 1,713,000 | |||||||||
Fair Value | [7],[8],[11],[13],[14],[33],[35] | $ 1,699,000 | |||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33],[35] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Gateway Services | Gateway US Holdings, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[33],[35] | 0.75% | 0.75% | ||||||||
Healthcare & Pharmaceuticals | Gossamer | GB001, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 01, 2025 | [11],[14],[27],[49] | Jan. 01, 2025 | [11],[14],[27],[49] | Jan. 01, 2025 | [15],[18],[37],[43] | Jan. 01, 2025 | [15],[18],[37],[43] | |||
Par | $ 29,419,000 | [11],[14],[19],[27],[49] | $ 30,000,000 | [15],[18],[20],[37],[43] | |||||||
Investment cost | 5,327,000 | [11],[14],[27],[49] | 5,886,000 | [6],[15],[18],[37],[43] | |||||||
Fair Value | $ 5,425,000 | [7],[11],[14],[27],[49] | $ 6,056,000 | [9],[10],[15],[18],[37],[43] | |||||||
Healthcare & Pharmaceuticals | Gossamer | GB001, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7% | [11],[14],[27],[49] | 7% | [11],[14],[27],[49] | 7% | [15],[18],[37],[43] | 7% | [15],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Gossamer | GB001, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 2% | [11],[14],[27],[49] | 2% | [11],[14],[27],[49] | 2% | [15],[18],[37],[43] | 2% | [15],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Health & Safety Institute | |||||||||||
Investment cost | $ 19,144,000 | [3] | $ 14,131,000 | [6] | |||||||
Fair Value | $ 19,222,000 | [7],[8] | $ 14,135,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | Common Equity - Common Stock | |||||||||||
Shares | shares | 500 | [14],[23] | 500 | [14],[23] | 500 | [18],[24] | 500 | [18],[24] | |||
Investment cost | $ 500,000 | [3],[14],[23] | $ 500,000 | [6],[18],[24] | |||||||
Fair Value | $ 718,000 | [7],[8],[14],[23] | $ 679,000 | [9],[10],[18],[24] | |||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 31, 2026 | [14],[35] | Aug. 31, 2026 | [14],[35] | Aug. 31, 2026 | [15],[16],[17],[18] | Aug. 31, 2026 | [15],[16],[17],[18] | |||
Par | $ 16,308,000 | [14],[19],[35] | $ 16,378,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 16,102,000 | [3],[14],[35] | 13,500,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 15,972,000 | [7],[8],[14],[35] | $ 13,335,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[16],[17],[18] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[35] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[35] | 1% | [14],[35] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 02, 2025 | [11],[13],[14],[35] | Sep. 02, 2025 | [11],[13],[14],[35] | Sep. 02, 2025 | [15],[17],[18],[37] | Sep. 02, 2025 | [15],[17],[18],[37] | |||
Par | $ 813,000 | [11],[13],[14],[19],[35] | $ 813,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 132,000 | [3],[11],[13],[14],[35] | 131,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 122,000 | [7],[8],[11],[13],[14],[35] | $ 121,000 | [9],[10],[15],[17],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[37] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[35] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[35] | 1% | [11],[13],[14],[35] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[35] | Aug. 31, 2026 | Aug. 31, 2026 | ||||||||
Par | [14],[19],[35] | $ 2,466,000 | |||||||||
Investment cost | [3],[14],[35] | 2,410,000 | |||||||||
Fair Value | [7],[8],[14],[35] | $ 2,410,000 | |||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[35] | 6.25% | 6.25% | ||||||||
Healthcare & Pharmaceuticals | Health & Safety Institute | HSI HALO Acquisition, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [14],[35] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | IMA Group | |||||||||||
Investment cost | $ 10,218,000 | [3] | $ 8,819,000 | [6] | |||||||
Fair Value | $ 10,227,000 | [7],[8] | $ 8,823,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | May 30, 2024 | [11],[12],[13] | May 30, 2024 | [11],[12],[13] | May 30, 2024 | [15],[17],[25] | May 30, 2024 | [15],[17],[25] | |||
Par | $ 12,632,000 | [11],[12],[13],[19] | $ 12,680,000 | [15],[17],[20],[25] | |||||||
Investment cost | 10,016,000 | [3],[11],[12],[13] | 8,560,000 | [6],[15],[17],[25] | |||||||
Fair Value | $ 10,027,000 | [7],[8],[11],[12],[13] | $ 8,566,000 | [9],[10],[15],[17],[25] | |||||||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [11],[12],[13] | 5.50% | [11],[12],[13] | 6% | [15],[17],[25] | 6% | [15],[17],[25] | |||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13] | 1% | [11],[12],[13] | 1% | [15],[17],[25] | 1% | [15],[17],[25] | |||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 30, 2024 | [11],[13],[27] | May 30, 2024 | [11],[13],[27] | May 30, 2024 | [15],[16],[17] | May 30, 2024 | [15],[16],[17] | |||
Par | $ 289,000 | [11],[13],[19],[27] | $ 289,000 | [15],[16],[17],[20] | |||||||
Investment cost | 202,000 | [3],[11],[13],[27] | 259,000 | [6],[15],[16],[17] | |||||||
Fair Value | $ 200,000 | [7],[8],[11],[13],[27] | $ 257,000 | [9],[10],[15],[16],[17] | |||||||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[27] | 5.50% | [11],[13],[27] | 6% | [15],[16],[17] | 6% | [15],[16],[17] | |||
Healthcare & Pharmaceuticals | IMA Group | IMA Group Management Company, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[27] | 1% | [11],[13],[27] | 1% | [15],[16],[17] | 1% | [15],[16],[17] | |||
Healthcare & Pharmaceuticals | Kepro | |||||||||||
Investment cost | $ 11,752,000 | [3] | $ 11,793,000 | [6] | |||||||
Fair Value | $ 12,005,000 | [7],[8] | $ 11,915,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 26, 2029 | [11],[12],[13],[14] | Jan. 26, 2029 | [11],[12],[13],[14] | Jan. 26, 2029 | [15],[16],[17],[18] | Jan. 26, 2029 | [15],[16],[17],[18] | |||
Par | $ 13,961,000 | [11],[12],[13],[14],[19] | $ 14,022,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 11,769,000 | [3],[11],[12],[13],[14] | 11,812,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 12,005,000 | [7],[8],[11],[12],[13],[14] | $ 11,925,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [11],[12],[13],[14] | 5.75% | [11],[12],[13],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[12],[13],[14] | 0.75% | [11],[12],[13],[14] | 0.75% | [15],[16],[17],[18] | 0.75% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jan. 26, 2028 | [11],[13],[14] | Jan. 26, 2028 | [11],[13],[14] | Jan. 26, 2028 | [15],[17],[18],[22] | Jan. 26, 2028 | [15],[17],[18],[22] | |||
Par | $ 978,000 | [11],[13],[14],[19] | $ 978,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | $ (17,000) | [3],[11],[13],[14] | (19,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | [9],[10],[15],[17],[18],[22] | $ (10,000) | |||||||||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14] | 5.75% | [11],[13],[14] | 5.75% | [15],[17],[18],[22] | 5.75% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Kepro | Keystone Acquisition Corp. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[13],[14] | 0.75% | [11],[13],[14] | 0.75% | [15],[17],[18],[22] | 0.75% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Kindeva | |||||||||||
Investment cost | $ 9,362,000 | [3] | $ 9,401,000 | [6] | |||||||
Fair Value | $ 9,271,000 | [7],[8] | $ 9,458,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt | |||||||||||
Maturity Date | May 01, 2026 | [12],[14] | May 01, 2026 | [12],[14] | May 01, 2026 | [16],[18] | May 01, 2026 | [16],[18] | |||
Par | $ 9,362,000 | [12],[14],[19] | $ 9,410,000 | [16],[18],[20] | |||||||
Investment cost | 9,221,000 | [3],[12],[14] | 9,254,000 | [6],[16],[18] | |||||||
Fair Value | $ 9,131,000 | [7],[8],[12],[14] | $ 9,311,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [12],[14] | 6% | [12],[14] | 6% | [16],[18] | 6% | [16],[18] | |||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 01, 2025 | [11],[13],[14],[27] | May 01, 2025 | [11],[13],[14],[27] | May 01, 2025 | [15],[17],[18],[37] | May 01, 2025 | [15],[17],[18],[37] | |||
Par | $ 167,000 | [11],[13],[14],[19],[27] | $ 167,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 141,000 | [3],[11],[13],[14],[27] | 147,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 140,000 | [7],[8],[11],[13],[14],[27] | $ 147,000 | [9],[10],[15],[17],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[27] | 6% | [11],[13],[14],[27] | 6% | [15],[17],[18],[37] | 6% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Kindeva | Kindeva Drug Delivery L.P. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | KureSmart | |||||||||||
Investment cost | $ 21,526,000 | [3] | $ 21,606,000 | [6] | |||||||
Fair Value | $ 21,495,000 | [7],[8] | $ 21,582,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | KureSmart | Clearway Corporation (f/k/a NP/Clearway Holdings, Inc.) | Common Equity - Common Stock | |||||||||||
Shares | shares | 133 | [14],[23] | 133 | [14],[23] | 133 | [18],[24] | 133 | [18],[24] | |||
Investment cost | $ 133,000 | [3],[14],[23] | $ 133,000 | [6],[18],[24] | |||||||
Fair Value | $ 200,000 | [7],[8],[14],[23] | $ 217,000 | [9],[10],[18],[24] | |||||||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 27, 2024 | [12],[14] | Aug. 27, 2024 | [12],[14] | Aug. 27, 2024 | [18],[37] | Aug. 27, 2024 | [18],[37] | |||
Par | $ 21,547,000 | [12],[14],[19] | $ 21,658,000 | [18],[20],[37] | |||||||
Investment cost | 21,413,000 | [3],[12],[14] | 21,497,000 | [6],[18],[37] | |||||||
Fair Value | $ 21,323,000 | [7],[8],[12],[14] | $ 21,398,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5% | [12],[14] | 5% | [12],[14] | 5% | [18],[37] | 5% | [18],[37] | |||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [18],[37] | 1% | [18],[37] | |||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 27, 2024 | [11],[13],[14],[21] | Aug. 27, 2024 | [11],[13],[14],[21] | Aug. 27, 2024 | [15],[17],[18],[22] | Aug. 27, 2024 | [15],[17],[18],[22] | |||
Par | $ 2,654,000 | [11],[13],[14],[19],[21] | $ 2,654,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (20,000) | [3],[11],[13],[14],[21] | (24,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (28,000) | [7],[8],[11],[13],[14],[21] | $ (33,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5% | [11],[13],[14],[21] | 5% | [11],[13],[14],[21] | 5% | [15],[17],[18],[22] | 5% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | KureSmart | Kure Pain Holdings, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | LucidHealth | Premier Imaging, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 02, 2025 | [11],[13],[14],[27] | Jan. 02, 2025 | [11],[13],[14],[27] | Jan. 02, 2025 | [15],[17],[18],[37] | Jan. 02, 2025 | [15],[17],[18],[37] | |||
Par | $ 12,439,000 | [11],[13],[14],[19],[27] | $ 12,480,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 7,990,000 | [3],[11],[13],[14],[27] | 7,628,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 7,947,000 | [7],[8],[11],[13],[14],[27] | $ 7,614,000 | [9],[10],[15],[17],[18],[37] | |||||||
Healthcare & Pharmaceuticals | LucidHealth | Premier Imaging, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[27] | 5.75% | [11],[13],[14],[27] | 6% | [15],[17],[18],[37] | 6% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | LucidHealth | Premier Imaging, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Mannkind Corporation | |||||||||||
Investment cost | $ 13,878,000 | [3] | $ 13,846,000 | [6] | |||||||
Fair Value | $ 14,908,000 | [7],[8] | $ 15,288,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | Common Equity - Common Stock | |||||||||||
Shares | shares | 334,226 | [14],[23],[30],[49],[63] | 334,226 | [14],[23],[30],[49],[63] | 334,226 | [18],[24],[43],[48] | 334,226 | [18],[24],[43],[48] | |||
Investment cost | $ 76,000 | [3],[14],[23],[30],[49],[63] | $ 76,000 | [6],[18],[24],[43],[48] | |||||||
Fair Value | $ 1,033,000 | [7],[8],[14],[23],[30],[49],[63] | $ 1,230,000 | [9],[10],[18],[24],[43],[48] | |||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 01, 2025 | [14],[36] | Aug. 01, 2025 | [14],[36] | Aug. 01, 2025 | [18],[37] | Aug. 01, 2025 | [18],[37] | |||
Par | $ 13,867,000 | [14],[19],[36] | $ 13,866,000 | [18],[20],[37] | |||||||
Investment cost | 13,802,000 | [3],[14],[36] | 13,793,000 | [6],[18],[37] | |||||||
Fair Value | $ 13,875,000 | [7],[8],[14],[36] | $ 14,058,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.75% | 6.75% | ||||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 6.25% | 6.25% | ||||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[36] | 1% | [14],[36] | 1% | [18],[37] | 1% | [18],[37] | |||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[18] | Aug. 01, 2025 | Aug. 01, 2025 | ||||||||
Par | [15],[18],[20] | $ 30,000,000 | |||||||||
Investment cost | [6],[15],[18] | $ (23,000) | |||||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[18] | 6.25% | 6.25% | ||||||||
Healthcare & Pharmaceuticals | Mannkind Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[18] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | |||||||||||
Investment cost | $ 22,988,000 | [3] | $ 23,195,000 | [6] | |||||||
Fair Value | $ 23,231,000 | [7],[8] | $ 23,125,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 06, 2027 | [12],[14] | Dec. 06, 2027 | [12],[14] | Dec. 06, 2027 | [16],[18] | Dec. 06, 2027 | [16],[18] | |||
Par | $ 23,238,000 | [12],[14],[19] | $ 23,436,000 | [16],[18],[20] | |||||||
Investment cost | 23,026,000 | [3],[12],[14] | 23,206,000 | [6],[16],[18] | |||||||
Fair Value | $ 23,239,000 | [7],[8],[12],[14] | $ 23,145,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [12],[14] | 5.50% | [12],[14] | 5.50% | [16],[18] | 5.50% | [16],[18] | |||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 06, 2026 | [11],[13],[14],[21] | Dec. 06, 2026 | [11],[13],[14],[21] | Dec. 06, 2026 | [15],[17],[18],[22] | Dec. 06, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,558,000 | [11],[13],[14],[19],[21] | $ 1,558,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 38,000 | [3],[11],[13],[14],[21] | (11,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (8,000) | [7],[8],[11],[13],[14],[21] | $ (20,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21] | 5.50% | [11],[13],[14],[21] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Maxor National Pharmacy Services, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Medical Guardian | |||||||||||
Investment cost | $ 31,662,000 | [3] | $ 30,830,000 | [6] | |||||||
Fair Value | $ 31,515,000 | [7],[8] | $ 30,925,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 26, 2026 | [11],[13],[14],[27] | Oct. 26, 2026 | [11],[13],[14],[27] | Oct. 26, 2026 | [15],[17],[18],[37] | Oct. 26, 2026 | [15],[17],[18],[37] | |||
Par | $ 35,955,000 | [11],[13],[14],[19],[27] | $ 36,112,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 30,775,000 | [3],[11],[13],[14],[27] | 30,882,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 30,611,000 | [7],[8],[11],[13],[14],[27] | $ 30,966,000 | [9],[10],[15],[17],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.50% | [11],[13],[14],[27] | 6.50% | [11],[13],[14],[27] | 6.50% | [15],[17],[18],[37] | 6.50% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Oct. 26, 2026 | [11],[13],[14],[27] | Oct. 26, 2026 | [11],[13],[14],[27] | Oct. 26, 2026 | [15],[17],[18],[22] | Oct. 26, 2026 | [15],[17],[18],[22] | |||
Par | $ 3,810,000 | [11],[13],[14],[19],[27] | $ 3,810,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 887,000 | [3],[11],[13],[14],[27] | (52,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ 904,000 | [7],[8],[11],[13],[14],[27] | $ (41,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[13],[14],[27] | 6.50% | [11],[13],[14],[27] | 6.50% | [15],[17],[18],[22] | 6.50% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Medical Guardian | Medical Guardian, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Midwest Vision | |||||||||||
Investment cost | $ 21,958,000 | [3] | $ 22,033,000 | [6] | |||||||
Fair Value | $ 21,726,000 | [7],[8] | $ 22,207,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 12, 2027 | [11],[12],[13],[14] | Jan. 12, 2027 | [11],[12],[13],[14] | Jan. 12, 2027 | [15],[16],[17],[18],[25] | Jan. 12, 2027 | [15],[16],[17],[18],[25] | |||
Par | $ 24,151,000 | [11],[12],[13],[14],[19] | $ 24,261,000 | [15],[16],[17],[18],[20],[25] | |||||||
Investment cost | 21,355,000 | [3],[11],[12],[13],[14] | 21,431,000 | [6],[15],[16],[17],[18],[25] | |||||||
Fair Value | $ 21,130,000 | [7],[8],[11],[12],[13],[14] | $ 21,601,000 | [9],[10],[15],[16],[17],[18],[25] | |||||||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.50% | [11],[12],[13],[14] | 6.50% | [11],[12],[13],[14] | 6.50% | [15],[16],[17],[18],[25] | 6.50% | [15],[16],[17],[18],[25] | |||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18],[25] | 1% | [15],[16],[17],[18],[25] | |||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jan. 12, 2027 | [11],[12],[14] | Jan. 12, 2027 | [11],[12],[14] | Jan. 12, 2027 | [15],[16],[18] | Jan. 12, 2027 | [15],[16],[18] | |||
Par | $ 612,000 | [11],[12],[14],[19] | $ 612,000 | [15],[16],[18],[20] | |||||||
Investment cost | 603,000 | [3],[11],[12],[14] | 602,000 | [6],[15],[16],[18] | |||||||
Fair Value | $ 596,000 | [7],[8],[11],[12],[14] | $ 606,000 | [9],[10],[15],[16],[18] | |||||||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[12],[14] | 6.50% | [11],[12],[14] | 6.50% | [15],[16],[18] | 6.50% | [15],[16],[18] | |||
Healthcare & Pharmaceuticals | Midwest Vision | Midwest Vision Partners Management, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[14] | 1% | [11],[12],[14] | 1% | [15],[16],[18] | 1% | [15],[16],[18] | |||
Healthcare & Pharmaceuticals | Orchard | Orchard Therapeutics PLC | First Lien Secured Debt | |||||||||||
Maturity Date | May 28, 2026 | [11],[14],[27],[49] | May 28, 2026 | [11],[14],[27],[49] | May 28, 2026 | [15],[18],[37],[43] | May 28, 2026 | [15],[18],[37],[43] | |||
Par | $ 33,333,000 | [11],[14],[19],[27],[49] | $ 33,333,000 | [15],[18],[20],[37],[43] | |||||||
Investment cost | 10,919,000 | [3],[11],[14],[27],[49] | 10,906,000 | [6],[15],[18],[37],[43] | |||||||
Fair Value | $ 10,833,000 | [7],[8],[11],[14],[27],[49] | $ 10,776,000 | [9],[10],[15],[18],[37],[43] | |||||||
Healthcare & Pharmaceuticals | Orchard | Orchard Therapeutics PLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.95% | [11],[14],[27],[49] | 5.95% | [11],[14],[27],[49] | 5.95% | [15],[18],[37],[43] | 5.95% | [15],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Orchard | Orchard Therapeutics PLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[27],[49] | 1% | [11],[14],[27],[49] | 1% | [15],[18],[37],[43] | 1% | [15],[18],[37],[43] | |||
Healthcare & Pharmaceuticals | Ovation Fertility | |||||||||||
Investment cost | $ 14,770,000 | [3] | $ 14,100,000 | [6] | |||||||
Fair Value | $ 14,934,000 | [7],[8] | $ 14,271,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 13, 2025 | [11],[13],[14],[27] | Jun. 13, 2025 | [11],[13],[14],[27] | Jun. 13, 2025 | [15],[16],[17],[18] | Jun. 13, 2025 | [15],[16],[17],[18] | |||
Par | $ 18,956,000 | [11],[13],[14],[19],[27] | $ 19,031,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 14,784,000 | [3],[11],[13],[14],[27] | 14,119,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 14,937,000 | [7],[8],[11],[13],[14],[27] | $ 14,276,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[27] | 5.50% | [11],[13],[14],[27] | 5.50% | [15],[16],[17],[18] | 5.50% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 13, 2024 | [11],[13],[14],[21] | Jun. 13, 2024 | [11],[13],[14],[21] | Jun. 13, 2024 | [15],[17],[18],[22] | Jun. 13, 2024 | [15],[17],[18],[22] | |||
Par | $ 2,105,000 | [11],[13],[14],[19],[21] | $ 2,105,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 14,000 | [3],[11],[13],[14],[21] | (19,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (3,000) | [7],[8],[11],[13],[14],[21] | $ (5,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21] | 5.50% | [11],[13],[14],[21] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Ovation Fertility | FPG Services, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Paragon 28 | |||||||||||
Investment cost | $ 7,468,000 | [3] | $ 7,464,000 | [6] | |||||||
Fair Value | $ 7,440,000 | [7],[8] | $ 7,470,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | May 01, 2026 | [11],[14],[27] | May 01, 2026 | [11],[14],[27] | May 01, 2026 | [15],[18],[37] | May 01, 2026 | [15],[18],[37] | |||
Par | $ 10,000,000 | [11],[14],[19],[27] | $ 10,000,000 | [15],[18],[20],[37] | |||||||
Investment cost | 7,475,000 | [3],[11],[14],[27] | 7,472,000 | [6],[15],[18],[37] | |||||||
Fair Value | $ 7,450,000 | [7],[8],[11],[14],[27] | $ 7,475,000 | [9],[10],[15],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [11],[14],[27] | 6% | [11],[14],[27] | 6% | [15],[18],[37] | 6% | [15],[18],[37] | |||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[27] | 1% | [11],[14],[27] | 1% | [15],[18],[37] | 1% | [15],[18],[37] | |||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 01, 2026 | [11],[13],[14],[21] | May 01, 2026 | [11],[13],[14],[21] | May 01, 2026 | [15],[17],[18],[22] | May 01, 2026 | [15],[17],[18],[22] | |||
Par | $ 2,000,000 | [11],[13],[14],[19],[21] | $ 2,000,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 7,000 | [3],[11],[13],[14],[21] | 8,000 | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (10,000) | [7],[8],[11],[13],[14],[21] | $ (5,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 3% | [11],[13],[14],[21] | 3% | [11],[13],[14],[21] | 3% | [15],[17],[18],[22] | 3% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Paragon 28 | Paragon 28, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | |||||||||||
Investment cost | $ 13,752,000 | [3] | $ 13,775,000 | [6] | |||||||
Fair Value | $ 13,689,000 | [7],[8] | $ 13,725,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | 55,556 | [14],[23] | 55,556 | [14],[23] | 55,556 | [18],[24] | 55,556 | [18],[24] | |||
Investment cost | $ 333,000 | [3],[14],[23] | $ 333,000 | [6],[18],[24] | |||||||
Fair Value | $ 333,000 | [7],[8],[14],[23] | $ 343,000 | [9],[10],[18],[24] | |||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | Warrants - Warrants | |||||||||||
Shares | shares | 33,333 | [14],[23] | 33,333 | [14],[23] | 33,333 | [18],[24] | 33,333 | [18],[24] | |||
Investment cost | $ 135,000 | [3],[14],[23] | $ 135,000 | [6],[18],[24] | |||||||
Fair Value | $ 80,000 | [7],[8],[14],[23] | $ 99,000 | [9],[10],[18],[24] | |||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 01, 2026 | [14],[36] | Apr. 01, 2026 | [14],[36] | Jan. 01, 2023 | [18],[37] | Jan. 01, 2023 | [18],[37] | |||
Par | $ 10,000,000 | [14],[19],[36] | $ 10,000,000 | [18],[20],[37] | |||||||
Investment cost | 9,953,000 | [3],[14],[36] | 9,976,000 | [6],[18],[37] | |||||||
Fair Value | $ 9,950,000 | [7],[8],[14],[36] | $ 9,950,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.65% | 6.65% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 6.65% | 6.65% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[36] | 1% | [14],[36] | 1% | [18],[37] | 1% | [18],[37] | |||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 01, 2026 | [11],[13],[14],[21] | Apr. 01, 2026 | [11],[13],[14],[21] | Apr. 01, 2026 | [15],[17],[18] | Apr. 01, 2026 | [15],[17],[18] | |||
Par | $ 1,000,000 | [11],[13],[14],[19],[21] | $ 1,000,000 | [15],[17],[18],[20] | |||||||
Investment cost | 2,000 | [3],[11],[13],[14],[21] | $ (2,000) | [6],[15],[17],[18] | |||||||
Fair Value | [7],[8],[11],[13],[14],[21] | $ (7,000) | |||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18] | 3.75% | 3.75% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 3.75% | 3.75% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18] | 1% | [15],[17],[18] | |||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 01, 2022 | [14],[36] | Oct. 01, 2022 | [14],[36] | Aug. 01, 2022 | [18],[37] | Aug. 01, 2022 | [18],[37] | |||
Par | $ 3,333,000 | [14],[19],[36] | $ 3,333,000 | [18],[20],[37] | |||||||
Investment cost | 3,333,000 | [3],[14],[36] | 3,333,000 | [6],[18],[37] | |||||||
Fair Value | $ 3,333,000 | [7],[8],[14],[36] | $ 3,333,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.65% | 6.65% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 6.65% | 6.65% | ||||||||
Healthcare & Pharmaceuticals | Partner Therapeutics, Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[36] | 1% | [14],[36] | 1% | [18],[37] | 1% | [18],[37] | |||
Healthcare & Pharmaceuticals | PHS | |||||||||||
Investment cost | $ 25,576,000 | [3] | $ 25,062,000 | [6] | |||||||
Fair Value | $ 25,179,000 | [7],[8] | $ 24,972,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 31, 2027 | [14],[27] | Jan. 31, 2027 | [14],[27] | Jan. 31, 2027 | [16],[18] | Jan. 31, 2027 | [16],[18] | |||
Par | $ 24,988,000 | [14],[19],[27] | $ 25,115,000 | [16],[18],[20] | |||||||
Investment cost | 24,621,000 | [3],[14],[27] | 24,711,000 | [6],[16],[18] | |||||||
Fair Value | $ 24,239,000 | [7],[8],[14],[27] | $ 24,612,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[27] | 6% | [14],[27] | 6% | [16],[18] | 6% | [16],[18] | |||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jan. 31, 2027 | [11],[13],[14],[27] | Jan. 31, 2027 | [11],[13],[14],[27] | Jan. 31, 2027 | [15],[16],[17],[18] | Jan. 31, 2027 | [15],[16],[17],[18] | |||
Par | $ 2,000,000 | [11],[13],[14],[19],[27] | $ 2,000,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 955,000 | [3],[11],[13],[14],[27] | 351,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 940,000 | [7],[8],[11],[13],[14],[27] | $ 360,000 | [9],[10],[15],[16],[17],[18] | |||||||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[27] | 6% | [11],[13],[14],[27] | 6% | [15],[16],[17],[18] | 6% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | PHS | PHS Buyer, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Healthcare & Pharmaceuticals | Radius Health | |||||||||||
Investment cost | [6] | $ 28,735,000 | |||||||||
Fair Value | [9],[10] | $ 28,449,000 | |||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[18],[37],[43] | Jun. 01, 2024 | Jun. 01, 2024 | ||||||||
Par | [15],[18],[20],[37],[43] | $ 33,833,000 | |||||||||
Investment cost | [6],[15],[18],[37],[43] | 28,736,000 | |||||||||
Fair Value | [9],[10],[15],[18],[37],[43] | $ 28,459,000 | |||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [15],[18],[37],[43] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[18],[37],[43] | 2% | 2% | ||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [15],[17],[18],[22],[43] | Jun. 01, 2024 | Jun. 01, 2024 | ||||||||
Par | [15],[17],[18],[20],[22],[43] | $ 1,000,000 | |||||||||
Investment cost | [6],[15],[17],[18],[22],[43] | (1,000) | |||||||||
Fair Value | [9],[10],[15],[17],[18],[22],[43] | $ (10,000) | |||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22],[43] | 3.50% | 3.50% | ||||||||
Healthcare & Pharmaceuticals | Radius Health | Radius Health, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[22],[43] | 2% | 2% | ||||||||
Healthcare & Pharmaceuticals | R H A Health Services | |||||||||||
Investment cost | $ 3,736,000 | [3] | $ 3,747,000 | [6] | |||||||
Fair Value | $ 3,735,000 | [7],[8] | $ 3,732,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 02, 2024 | [12],[14] | Aug. 02, 2024 | [12],[14] | Aug. 02, 2024 | [16],[18] | Aug. 02, 2024 | [16],[18] | |||
Par | $ 3,767,000 | [12],[14],[19] | $ 3,768,000 | [16],[18],[20] | |||||||
Investment cost | 3,736,000 | [3],[12],[14] | 3,729,000 | [6],[16],[18] | |||||||
Fair Value | $ 3,739,000 | [7],[8],[12],[14] | $ 3,736,000 | [9],[10],[16],[18] | |||||||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 4.50% | [12],[14] | 4.50% | [12],[14] | 4.50% | [16],[18] | 4.50% | [16],[18] | |||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 02, 2024 | [11],[13],[14],[21],[26] | Aug. 02, 2024 | [11],[13],[14],[21],[26] | Aug. 02, 2024 | [15],[17],[18],[22],[28] | Aug. 02, 2024 | [15],[17],[18],[22],[28] | |||
Par | $ 500,000 | [11],[13],[14],[19],[21],[26] | $ 500,000 | [15],[17],[18],[20],[22],[28] | |||||||
Investment cost | [6],[15],[17],[18],[22],[28] | 18,000 | |||||||||
Fair Value | $ (4,000) | [7],[8],[11],[13],[14],[21],[26] | $ (4,000) | [9],[10],[15],[17],[18],[22],[28] | |||||||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 4.50% | [11],[13],[14],[21],[26] | 4.50% | [11],[13],[14],[21],[26] | 4.50% | [15],[17],[18],[22],[28] | 4.50% | [15],[17],[18],[22],[28] | |||
Healthcare & Pharmaceuticals | R H A Health Services | Pace Health Companies, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21],[26] | 1% | [11],[13],[14],[21],[26] | 1% | [15],[17],[18],[22],[28] | 1% | [15],[17],[18],[22],[28] | |||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | |||||||||||
Investment cost | [3] | $ 12,010,000 | |||||||||
Fair Value | [7],[8] | $ 11,912,000 | |||||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Sep. 01, 2026 | [14],[36] | Sep. 01, 2026 | [14],[36] | Sep. 01, 2024 | [18],[37] | Sep. 01, 2024 | [18],[37] | |||
Par | $ 9,000,000 | [14],[19],[36] | $ 9,000,000 | [18],[20],[37] | |||||||
Investment cost | 9,010,000 | [3],[14],[36] | 9,011,000 | [6],[18],[37] | |||||||
Fair Value | $ 8,934,000 | [7],[8],[14],[36] | $ 9,051,000 | [9],[10],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 5.65% | 5.65% | ||||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 5.65% | 5.65% | ||||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1.50% | [14],[36] | 1.50% | [14],[36] | 1.50% | [18],[37] | 1.50% | [18],[37] | |||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[36] | Sep. 01, 2026 | Sep. 01, 2026 | ||||||||
Par | [14],[19],[36] | $ 3,000,000 | |||||||||
Investment cost | [3],[14],[36] | 3,000,000 | |||||||||
Fair Value | [7],[8],[14],[36] | $ 2,978,000 | |||||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[36] | 5.65% | 5.65% | ||||||||
Healthcare & Pharmaceuticals | Rigel Pharmaceuticals | Rigel Pharmaceuticals, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [14],[36] | 1.50% | 1.50% | ||||||||
Healthcare & Pharmaceuticals | TELA Bio, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[14],[36] | May 01, 2027 | May 01, 2027 | ||||||||
Par | [11],[14],[19],[36] | $ 16,667,000 | |||||||||
Investment cost | [3],[11],[14],[36] | 13,270,000 | |||||||||
Fair Value | [7],[8],[11],[14],[36] | $ 13,250,000 | |||||||||
Healthcare & Pharmaceuticals | TELA Bio, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[36] | 6.25% | 6.25% | ||||||||
Healthcare & Pharmaceuticals | TELA Bio, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[14],[36] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Tissue Tech | |||||||||||
Investment cost | [3] | $ 12,188,000 | |||||||||
Fair Value | [7],[8] | $ 12,112,000 | |||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[14],[21],[36] | Apr. 01, 2027 | Apr. 01, 2027 | ||||||||
Par | [11],[14],[19],[21],[36] | $ 17,500,000 | |||||||||
Investment cost | [3],[11],[14],[21],[36] | 12,193,000 | |||||||||
Fair Value | [7],[8],[11],[14],[21],[36] | $ 12,119,000 | |||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[21],[36] | 5.75% | 5.75% | ||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[14],[21],[36] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[13],[14],[21] | Apr. 01, 2027 | Apr. 01, 2027 | ||||||||
Par | [11],[13],[14],[19],[21] | $ 1,000,000 | |||||||||
Investment cost | [3],[11],[13],[14],[21] | (5,000) | |||||||||
Fair Value | [7],[8],[11],[13],[14],[21] | $ (7,000) | |||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 4% | 4% | ||||||||
Healthcare & Pharmaceuticals | Tissue Tech | TissueTech, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[21] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Treace | |||||||||||
Investment cost | [3] | $ 14,901,000 | |||||||||
Fair Value | [7],[8] | $ 14,590,000 | |||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | [11],[14],[36],[49] | Apr. 01, 2027 | Apr. 01, 2027 | ||||||||
Par | [11],[14],[19],[36],[49] | $ 35,000,000 | |||||||||
Investment cost | [3],[11],[14],[36],[49] | 14,515,000 | |||||||||
Fair Value | [7],[8],[11],[14],[36],[49] | $ 14,235,000 | |||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[14],[36],[49] | 6% | 6% | ||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [11],[14],[36],[49] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | [11],[13],[14],[36],[49] | Apr. 01, 2027 | Apr. 01, 2027 | ||||||||
Par | [11],[13],[14],[19],[36],[49] | $ 3,000,000 | |||||||||
Investment cost | [3],[11],[13],[14],[36],[49] | 386,000 | |||||||||
Fair Value | [7],[8],[11],[13],[14],[36],[49] | $ 355,000 | |||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[36],[49] | 4% | 4% | ||||||||
Healthcare & Pharmaceuticals | Treace | Treace Medical Concepts, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | [11],[13],[14],[36],[49] | 1% | 1% | ||||||||
Healthcare & Pharmaceuticals | Unchained Labs | |||||||||||
Investment cost | $ 4,076,000 | [3] | $ 1,835,000 | [6] | |||||||
Fair Value | $ 4,100,000 | [7],[8] | $ 1,847,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 09, 2027 | [11],[13],[14],[27] | Aug. 09, 2027 | [11],[13],[14],[27] | Aug. 09, 2027 | [15],[17],[18],[37] | Aug. 09, 2027 | [15],[17],[18],[37] | |||
Par | $ 6,739,000 | [11],[13],[14],[19],[27] | $ 6,760,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 4,088,000 | [3],[11],[13],[14],[27] | 1,848,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 4,107,000 | [7],[8],[11],[13],[14],[27] | $ 1,854,000 | [9],[10],[15],[17],[18],[37] | |||||||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[27] | 5.50% | [11],[13],[14],[27] | 5.50% | [15],[17],[18],[37] | 5.50% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 09, 2027 | [11],[13],[14],[21] | Aug. 09, 2027 | [11],[13],[14],[21] | Aug. 09, 2027 | [15],[17],[18],[22] | Aug. 09, 2027 | [15],[17],[18],[22] | |||
Par | $ 726,000 | [11],[13],[14],[19],[21] | $ 726,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (12,000) | [3],[11],[13],[14],[21] | (13,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (7,000) | [7],[8],[11],[13],[14],[21] | $ (7,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21] | 5.50% | [11],[13],[14],[21] | 5.50% | [15],[17],[18],[22] | 5.50% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | Unchained Labs | Unchained Labs, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | |||||||||||
Investment cost | $ 17,609,000 | [3] | $ 17,682,000 | [6] | |||||||
Fair Value | $ 17,489,000 | [7],[8] | $ 17,677,000 | [9],[10] | |||||||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 09, 2027 | [14],[33] | Mar. 09, 2027 | [14],[33] | Mar. 09, 2027 | [18],[41] | Mar. 09, 2027 | [18],[41] | |||
Par | $ 17,987,000 | [14],[19],[33] | $ 18,077,000 | [18],[20],[41] | |||||||
Investment cost | 17,642,000 | [3],[14],[33] | 17,720,000 | [6],[18],[41] | |||||||
Fair Value | $ 17,537,000 | [7],[8],[14],[33] | $ 17,715,000 | [9],[10],[18],[41] | |||||||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | 6.75% | [14],[33] | 6.75% | [14],[33] | 6.75% | [18],[41] | 6.75% | [18],[41] | |||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.75% | [14],[33] | 0.75% | [14],[33] | 0.75% | [18],[41] | 0.75% | [18],[41] | |||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 09, 2026 | [11],[13],[14],[21] | Mar. 09, 2026 | [11],[13],[14],[21] | Mar. 09, 2026 | [15],[17],[18],[22] | Mar. 09, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,923,000 | [11],[13],[14],[19],[21] | $ 1,923,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (33,000) | [3],[11],[13],[14],[21] | (38,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (48,000) | [7],[8],[11],[13],[14],[21] | $ (38,000) | [9],[10],[15],[17],[18],[22] | |||||||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | 6.75% | [11],[13],[14],[21] | 6.75% | [11],[13],[14],[21] | 6.75% | [15],[17],[18],[22] | 6.75% | [15],[17],[18],[22] | |||
Healthcare & Pharmaceuticals | WellDyneRx, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[13],[14],[21] | 0.75% | [11],[13],[14],[21] | 0.75% | [15],[17],[18],[22] | 0.75% | [15],[17],[18],[22] | |||
High Tech Industries | |||||||||||
Investment cost | $ 396,669,000 | [3] | $ 384,798,000 | [6] | |||||||
Fair Value | 413,371,000 | [7],[8] | 395,561,000 | [9],[10] | |||||||
High Tech Industries | Sirsi Corporation | |||||||||||
Investment cost | 5,130,000 | [3] | 5,420,000 | [6] | |||||||
Fair Value | $ 5,129,000 | [7],[8] | $ 5,439,000 | [9],[10] | |||||||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Mar. 15, 2024 | [14],[27] | Mar. 15, 2024 | [14],[27] | Mar. 15, 2024 | [18],[37] | Mar. 15, 2024 | [18],[37] | |||
Par | $ 5,156,000 | [14],[19],[27] | $ 5,456,000 | [18],[20],[37] | |||||||
Investment cost | 5,132,000 | [3],[14],[27] | 5,423,000 | [6],[18],[37] | |||||||
Fair Value | $ 5,131,000 | [7],[8],[14],[27] | $ 5,440,000 | [9],[10],[18],[37] | |||||||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 4.50% | [14],[27] | 4.50% | [14],[27] | 4.50% | [18],[37] | 4.50% | [18],[37] | |||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 15, 2024 | [11],[13],[14],[21] | Mar. 15, 2024 | [11],[13],[14],[21] | Mar. 15, 2024 | [15],[17],[18],[22] | Mar. 15, 2024 | [15],[17],[18],[22] | |||
Par | $ 429,000 | [11],[13],[14],[19],[21] | $ 429,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (2,000) | [3],[11],[13],[14],[21] | (3,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (2,000) | [7],[8],[11],[13],[14],[21] | $ (1,000) | [9],[10],[15],[17],[18],[22] | |||||||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 4.50% | [11],[13],[14],[21] | 4.50% | [11],[13],[14],[21] | 4.50% | [15],[17],[18],[22] | 4.50% | [15],[17],[18],[22] | |||
High Tech Industries | Sirsi Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
High Tech Industries | Pro Vigil | |||||||||||
Investment cost | [6] | $ 11,217,000 | |||||||||
Fair Value | [9],[10] | $ 11,350,000 | |||||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Jan. 11, 2025 | [11],[13],[14],[33] | Jan. 11, 2025 | [11],[13],[14],[33] | Jan. 11, 2025 | [16],[18] | Jan. 11, 2025 | [16],[18] | |||
Par | $ 15,176,000 | [11],[13],[14],[19],[33] | $ 9,910,000 | [16],[18],[20] | |||||||
Investment cost | 13,469,000 | [3],[11],[13],[14],[33] | 9,724,000 | [6],[16],[18] | |||||||
Fair Value | $ 13,556,000 | [7],[8],[11],[13],[14],[33] | $ 9,808,000 | [9],[10],[16],[18] | |||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 8.50% | 8.50% | ||||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | SOFR | |||||||||||
Spread | [11],[13],[14],[33] | 8.50% | 8.50% | ||||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[33] | 1% | [11],[13],[14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | |||||||||||
Maturity Date | [15],[17],[18],[41] | Jan. 11, 2025 | Jan. 11, 2025 | ||||||||
Par | [15],[17],[18],[20],[41] | $ 5,329,000 | |||||||||
Investment cost | [6],[15],[17],[18],[41] | 1,493,000 | |||||||||
Fair Value | [9],[10],[15],[17],[18],[41] | $ 1,542,000 | |||||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | SOFR | |||||||||||
Spread | [15],[17],[18],[41] | 8.50% | 8.50% | ||||||||
High Tech Industries | Pro Vigil | Pro Vigil Holding Company L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [15],[17],[18],[41] | 1% | 1% | ||||||||
High Tech Industries | Schlesinger Group | |||||||||||
Investment cost | $ 11,120,000 | [3] | $ 10,680,000 | [6] | |||||||
Fair Value | $ 11,073,000 | [7],[8] | $ 10,711,000 | [9],[10] | |||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | |||||||||||
Interest Rate, Paid in Kind | [14],[33] | 0.50% | 0.50% | ||||||||
Maturity Date | Jul. 12, 2025 | [14],[33] | Jul. 12, 2025 | [14],[33] | Jul. 12, 2025 | [16],[18] | Jul. 12, 2025 | [16],[18] | |||
Par | $ 10,309,000 | [14],[19],[33] | $ 9,882,000 | [16],[18],[20] | |||||||
Investment cost | 10,175,000 | [3],[14],[33] | 9,730,000 | [6],[16],[18] | |||||||
Fair Value | $ 10,118,000 | [7],[8],[14],[33] | $ 9,747,000 | [9],[10],[16],[18] | |||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | Cash | |||||||||||
Interest Rate, Paid in Kind | [16],[18] | 1% | 1% | ||||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 6% | 6% | ||||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 6% | 6% | ||||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 12, 2025 | [14],[33] | Jul. 12, 2025 | [14],[33] | Jul. 12, 2025 | [16],[18] | Jul. 12, 2025 | [16],[18] | |||
Par | $ 956,000 | [14],[19],[33] | $ 963,000 | [16],[18],[20] | |||||||
Investment cost | 945,000 | [3],[14],[33] | 950,000 | [6],[16],[18] | |||||||
Fair Value | $ 955,000 | [7],[8],[14],[33] | $ 964,000 | [9],[10],[16],[18] | |||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 7.75% | 7.75% | ||||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 7.75% | 7.75% | ||||||||
High Tech Industries | Schlesinger Group | Schlesinger Global, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
High Tech Industries | Acronis AG | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 01, 2027 | [14],[27],[49] | Apr. 01, 2027 | [14],[27],[49] | Dec. 18, 2024 | [18],[37],[43] | Dec. 18, 2024 | [18],[37],[43] | |||
Par | $ 21,000,000 | [14],[19],[27],[49] | $ 21,000,000 | [18],[20],[37],[43] | |||||||
Investment cost | 20,936,000 | [3],[14],[27],[49] | 20,941,000 | [6],[18],[37],[43] | |||||||
Fair Value | $ 20,895,000 | [7],[8],[14],[27],[49] | $ 20,962,000 | [9],[10],[18],[37],[43] | |||||||
High Tech Industries | Acronis AG | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.85% | [14],[27],[49] | 5.85% | [14],[27],[49] | 5.35% | [18],[37],[43] | 5.35% | [18],[37],[43] | |||
High Tech Industries | Acronis AG | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27],[49] | 1% | [14],[27],[49] | 1.50% | [18],[37],[43] | 1.50% | [18],[37],[43] | |||
High Tech Industries | American Megatrends | |||||||||||
Investment cost | $ 21,116,000 | [3] | $ 22,350,000 | [6] | |||||||
Fair Value | $ 21,078,000 | [7],[8] | $ 22,593,000 | [9],[10] | |||||||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 01, 2025 | [14],[27] | Apr. 01, 2025 | [14],[27] | Apr. 01, 2025 | [18],[37] | Apr. 01, 2025 | [18],[37] | |||
Par | $ 21,320,000 | [14],[19],[27] | $ 21,430,000 | [18],[20],[37] | |||||||
Investment cost | 21,134,000 | [3],[14],[27] | 21,211,000 | [6],[18],[37] | |||||||
Fair Value | $ 21,107,000 | [7],[8],[14],[27] | $ 21,430,000 | [9],[10],[18],[37] | |||||||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.25% | [14],[27] | 5.25% | [14],[27] | 5.25% | [18],[37] | 5.25% | [18],[37] | |||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 01, 2024 | [11],[13],[14],[21] | Apr. 01, 2024 | [11],[13],[14],[21] | Apr. 01, 2024 | [15],[17],[18],[37] | Apr. 01, 2024 | [15],[17],[18],[37] | |||
Par | $ 2,907,000 | [11],[13],[14],[19],[21] | $ 2,907,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | (18,000) | [3],[11],[13],[14],[21] | 1,139,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ (29,000) | [7],[8],[11],[13],[14],[21] | $ 1,163,000 | [9],[10],[15],[17],[18],[37] | |||||||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.25% | [11],[13],[14],[21] | 5.25% | [11],[13],[14],[21] | 5.25% | [15],[17],[18],[37] | 5.25% | [15],[17],[18],[37] | |||
High Tech Industries | American Megatrends | AMI US Holdings Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0% | [11],[13],[14],[21] | 0% | [11],[13],[14],[21] | 0% | [15],[17],[18],[37] | 0% | [15],[17],[18],[37] | |||
High Tech Industries | Calero Holdings, Inc. | |||||||||||
Investment cost | $ 21,854,000 | [3] | $ 21,920,000 | [6] | |||||||
Fair Value | $ 21,849,000 | [7],[8] | $ 22,128,000 | [9],[10] | |||||||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 16, 2025 | [12] | Dec. 16, 2025 | [12] | Dec. 16, 2025 | [16] | Dec. 16, 2025 | [16] | |||
Par | $ 22,159,000 | [12],[19] | $ 22,273,000 | [16],[20] | |||||||
Investment cost | 21,882,000 | [3],[12] | 21,952,000 | [6],[16] | |||||||
Fair Value | $ 21,878,000 | [7],[8],[12] | $ 22,141,000 | [9],[10],[16] | |||||||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [12] | 5.75% | [12] | 5.75% | [16] | 5.75% | [16] | |||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12] | 1% | [12] | 1% | [16] | 1% | [16] | |||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 16, 2025 | [11],[13],[21] | Dec. 16, 2025 | [11],[13],[21] | Dec. 16, 2025 | [15],[17],[22] | Dec. 16, 2025 | [15],[17],[22] | |||
Par | $ 2,273,000 | [11],[13],[19],[21] | $ 2,273,000 | [15],[17],[20],[22] | |||||||
Investment cost | (28,000) | [3],[11],[13],[21] | (32,000) | [6],[15],[17],[22] | |||||||
Fair Value | $ (29,000) | [7],[8],[11],[13],[21] | $ (13,000) | [9],[10],[15],[17],[22] | |||||||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[21] | 5.75% | [11],[13],[21] | 5.75% | [15],[17],[22] | 5.75% | [15],[17],[22] | |||
High Tech Industries | Calero Holdings, Inc. | Telesoft Holdings, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[21] | 1% | [11],[13],[21] | 1% | [15],[17],[22] | 1% | [15],[17],[22] | |||
High Tech Industries | Simeio | |||||||||||
Investment cost | $ 8,093,000 | [3] | $ 8,082,000 | [6] | |||||||
Fair Value | $ 7,881,000 | [7],[8] | $ 8,055,000 | [9],[10] | |||||||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Feb. 02, 2026 | [14],[27] | Feb. 02, 2026 | [14],[27] | Feb. 02, 2026 | [18],[37] | Feb. 02, 2026 | [18],[37] | |||
Par | $ 8,178,000 | [14],[19],[27] | $ 8,178,000 | [18],[20],[37] | |||||||
Investment cost | 8,107,000 | [3],[14],[27] | 8,099,000 | [6],[18],[37] | |||||||
Fair Value | $ 7,933,000 | [7],[8],[14],[27] | $ 8,076,000 | [9],[10],[18],[37] | |||||||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [14],[27] | 5.50% | [14],[27] | 5.50% | [18],[37] | 5.50% | [18],[37] | |||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 02, 2026 | [11],[13],[14],[21] | Feb. 02, 2026 | [11],[13],[14],[21] | Feb. 02, 2026 | [15],[17],[18],[22] | Feb. 02, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,731,000 | [11],[13],[14],[19],[21] | $ 1,731,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (14,000) | [3],[11],[13],[14],[21] | (17,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (52,000) | [7],[8],[11],[13],[14],[21] | $ (21,000) | [9],[10],[15],[17],[18],[22] | |||||||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.25% | [11],[13],[14],[21] | 5.25% | [11],[13],[14],[21] | 5.25% | [15],[17],[18],[22] | 5.25% | [15],[17],[18],[22] | |||
High Tech Industries | Simeio | Simeio Group Holdings Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
High Tech Industries | Springbrook | |||||||||||
Investment cost | $ 15,643,000 | [3] | $ 15,707,000 | [6] | |||||||
Fair Value | $ 15,627,000 | [7],[8] | $ 15,773,000 | [9],[10] | |||||||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 23, 2026 | [27] | Dec. 23, 2026 | [27] | Dec. 23, 2026 | [16] | Dec. 23, 2026 | [16] | |||
Par | $ 15,849,000 | [19],[27] | $ 15,933,000 | [16],[20] | |||||||
Investment cost | 15,659,000 | [3],[27] | 15,724,000 | [6],[16] | |||||||
Fair Value | $ 15,646,000 | [7],[8],[27] | $ 15,786,000 | [9],[10],[16] | |||||||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [27] | 5.50% | [27] | 5.50% | [16] | 5.50% | [16] | |||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [27] | 1% | [27] | 1% | [16] | 1% | [16] | |||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 23, 2026 | [11],[13],[21] | Dec. 23, 2026 | [11],[13],[21] | Dec. 23, 2026 | [15],[17],[22] | Dec. 23, 2026 | [15],[17],[22] | |||
Par | $ 1,463,000 | [11],[13],[19],[21] | $ 1,463,000 | [15],[17],[20],[22] | |||||||
Investment cost | (16,000) | [3],[11],[13],[21] | (17,000) | [6],[15],[17],[22] | |||||||
Fair Value | $ (19,000) | [7],[8],[11],[13],[21] | $ (13,000) | [9],[10],[15],[17],[22] | |||||||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[21] | 5.75% | [11],[13],[21] | 5.75% | [15],[17],[22] | 5.75% | [15],[17],[22] | |||
High Tech Industries | Springbrook | Springbrook Holding Company L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[21] | 1% | [11],[13],[21] | 1% | [15],[17],[22] | 1% | [15],[17],[22] | |||
High Tech Industries | Tax Slayer | |||||||||||
Investment cost | $ 13,090,000 | [3] | $ 13,138,000 | [6] | |||||||
Fair Value | $ 12,794,000 | [7],[8] | $ 13,230,000 | [9],[10] | |||||||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 31, 2026 | [14],[53] | Dec. 31, 2026 | [14],[53] | Dec. 31, 2026 | [18],[25] | Dec. 31, 2026 | [18],[25] | |||
Par | $ 13,311,000 | [14],[19],[53] | $ 13,379,000 | [18],[20],[25] | |||||||
Investment cost | 13,090,000 | [3],[14],[53] | 13,139,000 | [6],[18],[25] | |||||||
Fair Value | $ 12,845,000 | [7],[8],[14],[53] | $ 13,245,000 | [9],[10],[18],[25] | |||||||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[53] | 6% | [14],[53] | 6% | [18],[25] | 6% | [18],[25] | |||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[53] | 1% | [14],[53] | 1% | [18],[25] | 1% | [18],[25] | |||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 31, 2026 | [11],[13],[14],[21] | Dec. 31, 2026 | [11],[13],[14],[21] | Dec. 31, 2026 | [15],[17],[18],[22] | Dec. 31, 2026 | [15],[17],[18],[22] | |||
Par | $ 1,452,000 | [11],[13],[14],[19],[21] | $ 1,452,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | [6],[15],[17],[18],[22] | (1,000) | |||||||||
Fair Value | $ (51,000) | [7],[8],[11],[13],[14],[21] | $ (15,000) | [9],[10],[15],[17],[18],[22] | |||||||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[21] | 6% | [11],[13],[14],[21] | 6% | [15],[17],[18],[22] | 6% | [15],[17],[18],[22] | |||
High Tech Industries | Tax Slayer | M E P T S Midco L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
High Tech Industries | Telnyx | Telnyx LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [18],[37] | Oct. 21, 2025 | Oct. 21, 2025 | ||||||||
Par | [18],[20],[37] | $ 5,250,000 | |||||||||
Investment cost | [6],[18],[37] | 5,230,000 | |||||||||
Fair Value | [9],[10],[18],[37] | $ 5,277,000 | |||||||||
High Tech Industries | Telnyx | Telnyx LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.25% | 6.25% | ||||||||
High Tech Industries | Telnyx | Telnyx LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [18],[37] | 1.50% | 1.50% | ||||||||
High Tech Industries | Up Stack | |||||||||||
Investment cost | $ 27,427,000 | [3] | $ 27,507,000 | [6] | |||||||
Fair Value | $ 27,390,000 | [7],[8] | $ 27,965,000 | [9],[10] | |||||||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 20, 2027 | [11],[13],[14],[53] | Aug. 20, 2027 | [11],[13],[14],[53] | Aug. 20, 2027 | [15],[17],[18],[25] | Aug. 20, 2027 | [15],[17],[18],[25] | |||
Par | $ 31,772,000 | [11],[13],[14],[19],[53] | $ 31,914,000 | [15],[17],[18],[20],[25] | |||||||
Investment cost | 27,495,000 | [3],[11],[13],[14],[53] | 27,581,000 | [6],[15],[17],[18],[25] | |||||||
Fair Value | $ 27,457,000 | [7],[8],[11],[13],[14],[53] | $ 27,995,000 | [9],[10],[15],[17],[18],[25] | |||||||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[53] | 5.50% | [11],[13],[14],[53] | 5.50% | [15],[17],[18],[25] | 5.50% | [15],[17],[18],[25] | |||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[53] | 1% | [11],[13],[14],[53] | 1% | [15],[17],[18],[25] | 1% | [15],[17],[18],[25] | |||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 20, 2027 | [11],[13],[14],[21],[26] | Aug. 20, 2027 | [11],[13],[14],[21],[26] | Aug. 20, 2027 | [15],[17],[18],[22],[28] | Aug. 20, 2027 | [15],[17],[18],[22],[28] | |||
Par | $ 3,000,000 | [11],[13],[14],[19],[21],[26] | $ 3,000,000 | [15],[17],[18],[20],[22],[28] | |||||||
Investment cost | (68,000) | [3],[11],[13],[14],[21],[26] | (74,000) | [6],[15],[17],[18],[22],[28] | |||||||
Fair Value | $ (67,000) | [7],[8],[11],[13],[14],[21],[26] | $ (30,000) | [9],[10],[15],[17],[18],[22],[28] | |||||||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21],[26] | 5.50% | [11],[13],[14],[21],[26] | 5.50% | [15],[17],[18],[22],[28] | 5.50% | [15],[17],[18],[22],[28] | |||
High Tech Industries | Up Stack | Upstack Holdco Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21],[26] | 1% | [11],[13],[14],[21],[26] | 1% | [15],[17],[18],[22],[28] | 1% | [15],[17],[18],[22],[28] | |||
High Tech Industries | ChyronHego Corporation | |||||||||||
Investment cost | $ 104,944,000 | [3] | $ 99,826,000 | [6] | |||||||
Fair Value | $ 122,883,000 | [7],[8] | $ 109,598,000 | [9],[10] | |||||||
High Tech Industries | ChyronHego Corporation | Preferred Equity - Preferred Equity | |||||||||||
Shares | shares | 7,800 | [23],[30] | 7,800 | [23],[30] | 7,800 | [24],[31],[38] | 7,800 | [24],[31],[38] | |||
Investment cost | $ 6,000,000 | [3],[23],[30] | $ 6,000,000 | [6],[24],[31],[38] | |||||||
Fair Value | $ 24,054,000 | [7],[8],[23],[30] | $ 15,553,000 | [9],[10],[24],[31],[38] | |||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 31, 2024 | [12] | Dec. 31, 2024 | [12] | Dec. 31, 2022 | [16],[38] | Dec. 31, 2022 | [16],[38] | |||
Par | $ 85,928,000 | [12],[19] | $ 85,277,000 | [16],[20],[38] | |||||||
Investment cost | 85,492,000 | [3],[12] | 84,170,000 | [6],[16],[38] | |||||||
Fair Value | $ 85,283,000 | [7],[8],[12] | $ 84,424,000 | [9],[10],[16],[38] | |||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | Cash | |||||||||||
Interest Rate, Paid in Kind | [16],[38] | 1.50% | 1.50% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [12] | 3.50% | 3.50% | ||||||||
Interest Rate, Paid in Kind | [12] | 1.50% | 1.50% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12] | 1% | [12] | 1% | [16],[38] | 1% | [16],[38] | |||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | Floor Rate | LIBOR | |||||||||||
Spread | [16],[38] | 3.50% | 3.50% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 31, 2024 | [11],[12],[13] | Dec. 31, 2024 | [11],[12],[13] | Dec. 31, 2022 | [15],[16],[17],[38] | Dec. 31, 2022 | [15],[16],[17],[38] | |||
Par | $ 10,000,000 | [11],[12],[13],[19] | $ 8,000,000 | [15],[16],[17],[20],[38] | |||||||
Investment cost | 8,945,000 | [3],[11],[12],[13] | 7,156,000 | [6],[15],[16],[17],[38] | |||||||
Fair Value | $ 8,880,000 | [7],[8],[11],[12],[13] | $ 7,076,000 | [9],[10],[15],[16],[17],[38] | |||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5% | [11],[12],[13] | 5% | [11],[12],[13] | 5% | [15],[16],[17],[38] | 5% | [15],[16],[17],[38] | |||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13] | 1% | [11],[12],[13] | 1% | [15],[16],[17],[38] | 1% | [15],[16],[17],[38] | |||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 31, 2024 | [12] | Dec. 31, 2024 | [12] | Dec. 31, 2022 | [16],[38] | Dec. 31, 2022 | [16],[38] | |||
Par | $ 2,698,000 | [12],[19] | $ 2,570,000 | [16],[20],[38] | |||||||
Investment cost | 2,623,000 | [3],[12] | 2,500,000 | [6],[16],[38] | |||||||
Fair Value | $ 2,677,000 | [7],[8],[12] | $ 2,545,000 | [9],[10],[16],[38] | |||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [12] | 10.25% | 10.25% | ||||||||
Interest Rate, Paid in Kind | [16],[38] | 8% | 8% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12] | 1% | 1% | ||||||||
Interest Rate, Paid in Kind | [16],[38] | 1% | 1% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | [12] | Dec. 31, 2024 | Dec. 31, 2024 | ||||||||
Par | [12],[19] | $ 2,004,000 | |||||||||
Investment cost | [3],[12] | 1,884,000 | |||||||||
Fair Value | [7],[8],[12] | $ 1,989,000 | |||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [12] | 6.50% | 6.50% | ||||||||
Interest Rate, Paid in Kind | [12] | 1.50% | 1.50% | ||||||||
High Tech Industries | ChyronHego Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12] | 1% | 1% | ||||||||
High Tech Industries | Dairy.com | |||||||||||
Investment cost | $ 14,968,000 | [3] | $ 13,373,000 | [6] | |||||||
Fair Value | $ 14,844,000 | [7],[8] | $ 13,230,000 | [9],[10] | |||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 24, 2027 | [14],[33] | Jun. 24, 2027 | [14],[33] | Jun. 24, 2027 | [16],[18] | Jun. 24, 2027 | [16],[18] | |||
Par | $ 15,239,000 | [14],[19],[33] | $ 13,640,000 | [16],[18],[20] | |||||||
Investment cost | 14,988,000 | [3],[14],[33] | 13,395,000 | [6],[16],[18] | |||||||
Fair Value | $ 14,874,000 | [7],[8],[14],[33] | $ 13,265,000 | [9],[10],[16],[18] | |||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [16],[18] | 5.75% | 5.75% | ||||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 5.75% | 5.75% | ||||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[33] | 1% | [14],[33] | 1% | [16],[18] | 1% | [16],[18] | |||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jun. 24, 2027 | [11],[13],[14],[21] | Jun. 24, 2027 | [11],[13],[14],[21] | Jun. 24, 2027 | [15],[17],[18],[22] | Jun. 24, 2027 | [15],[17],[18],[22] | |||
Par | $ 1,257,000 | [11],[13],[14],[19],[21] | $ 1,257,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (20,000) | [3],[11],[13],[14],[21] | (22,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (30,000) | [7],[8],[11],[13],[14],[21] | $ (35,000) | [9],[10],[15],[17],[18],[22] | |||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[22] | 5.75% | 5.75% | ||||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[21] | 5.75% | 5.75% | ||||||||
High Tech Industries | Dairy.com | Momentx Corporation | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
High Tech Industries | Digital.ai | |||||||||||
Investment cost | $ 22,263,000 | [3] | $ 22,558,000 | [6] | |||||||
Fair Value | $ 22,265,000 | [7],[8] | $ 22,857,000 | [9],[10] | |||||||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Feb. 10, 2027 | [12],[14] | Feb. 10, 2027 | [12],[14] | Feb. 10, 2027 | [16],[18] | Feb. 10, 2027 | [16],[18] | |||
Par | $ 22,242,000 | [12],[14],[19] | $ 22,355,000 | [16],[18],[20] | |||||||
Investment cost | 21,751,000 | [3],[12],[14] | 21,810,000 | [6],[16],[18] | |||||||
Fair Value | $ 21,797,000 | [7],[8],[12],[14] | $ 22,080,000 | [9],[10],[16],[18] | |||||||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7% | [12],[14] | 7% | [12],[14] | 7% | [16],[18] | 7% | [16],[18] | |||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Feb. 10, 2027 | [11],[12],[13],[14] | Feb. 10, 2027 | [11],[12],[13],[14] | Feb. 10, 2027 | [15],[16],[17],[18] | Feb. 10, 2027 | [15],[16],[17],[18] | |||
Par | $ 2,419,000 | [11],[12],[13],[14],[19] | $ 2,419,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 512,000 | [3],[11],[12],[13],[14] | 748,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 468,000 | [7],[8],[11],[12],[13],[14] | $ 777,000 | [9],[10],[15],[16],[17],[18] | |||||||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[12],[13],[14] | 6.50% | [11],[12],[13],[14] | 6.50% | [15],[16],[17],[18] | 6.50% | [15],[16],[17],[18] | |||
High Tech Industries | Digital.ai | Digital.ai Software Holdings, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
High Tech Industries | GoHealth | Norvax L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Sep. 13, 2024 | [11],[12],[13],[14],[27] | Sep. 13, 2024 | [11],[12],[13],[14],[27] | Sep. 13, 2024 | [15],[16],[17],[18],[37] | Sep. 13, 2024 | [15],[16],[17],[18],[37] | |||
Par | $ 3,182,000 | [11],[12],[13],[14],[19],[27] | $ 3,182,000 | [15],[16],[17],[18],[20],[37] | |||||||
Investment cost | 2,435,000 | [3],[11],[12],[13],[14],[27] | 2,428,000 | [6],[15],[16],[17],[18],[37] | |||||||
Fair Value | $ 2,466,000 | [7],[8],[11],[12],[13],[14],[27] | $ 2,461,000 | [9],[10],[15],[16],[17],[18],[37] | |||||||
High Tech Industries | GoHealth | Norvax L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.50% | [11],[12],[13],[14],[27] | 6.50% | [11],[12],[13],[14],[27] | 6.50% | [15],[16],[17],[18],[37] | 6.50% | [15],[16],[17],[18],[37] | |||
High Tech Industries | GoHealth | Norvax L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14],[27] | 1% | [11],[12],[13],[14],[27] | 1% | [15],[16],[17],[18],[37] | 1% | [15],[16],[17],[18],[37] | |||
High Tech Industries | International Cruise & Excursion Gallery, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 06, 2025 | [36] | Jun. 06, 2025 | [36] | Jun. 06, 2025 | [37] | Jun. 06, 2025 | [37] | |||
Par | $ 14,363,000 | [19],[36] | $ 14,438,000 | [20],[37] | |||||||
Investment cost | 14,249,000 | [3],[36] | 14,305,000 | [6],[37] | |||||||
Fair Value | $ 13,689,000 | [7],[8],[36] | $ 13,642,000 | [9],[10],[37] | |||||||
High Tech Industries | International Cruise & Excursion Gallery, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [37] | 5.35% | 5.35% | ||||||||
High Tech Industries | International Cruise & Excursion Gallery, Inc. | First Lien Secured Debt | SOFR | |||||||||||
Spread | [36] | 5.35% | 5.35% | ||||||||
High Tech Industries | International Cruise & Excursion Gallery, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [36] | 1% | [36] | 1% | [37] | 1% | [37] | |||
High Tech Industries | Modern Campus | |||||||||||
Investment cost | $ 26,077,000 | [3] | $ 26,024,000 | [6] | |||||||
Fair Value | $ 26,279,000 | [7],[8] | $ 26,556,000 | [9],[10] | |||||||
High Tech Industries | Modern Campus | Destiny Solutions U.S., Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Jun. 08, 2026 | [27] | Jun. 08, 2026 | [27] | Jun. 08, 2026 | [37] | Jun. 08, 2026 | [37] | |||
Par | $ 25,573,000 | [19],[27] | $ 25,573,000 | [20],[37] | |||||||
Investment cost | 25,077,000 | [3],[27] | 25,024,000 | [6],[37] | |||||||
Fair Value | $ 25,062,000 | [7],[8],[27] | $ 25,126,000 | [9],[10],[37] | |||||||
High Tech Industries | Modern Campus | Destiny Solutions U.S., Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [27] | 5.75% | [27] | 6% | [37] | 6% | [37] | |||
High Tech Industries | Modern Campus | Destiny Solutions U.S., Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [27] | 1% | [27] | 1% | [37] | 1% | [37] | |||
High Tech Industries | Modern Campus | RMCF IV CIV XXXV, L.P. | Common Equity - Common Stock | |||||||||||
Shares | shares | 482 | [23] | 482 | [23] | 482 | [24],[31] | 482 | [24],[31] | |||
Investment cost | $ 1,000,000 | [3],[23] | $ 1,000,000 | [6],[24],[31] | |||||||
Fair Value | 1,217,000 | [7],[8],[23] | 1,430,000 | [9],[10],[24],[31] | |||||||
High Tech Industries | MYCOM | |||||||||||
Investment cost | 22,123,000 | [3] | 22,183,000 | [6] | |||||||
Fair Value | $ 22,171,000 | [7],[8] | $ 21,922,000 | [9],[10] | |||||||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 16, 2024 | [12],[14],[49] | Dec. 16, 2024 | [12],[14],[49] | Dec. 16, 2024 | [16],[18],[43] | Dec. 16, 2024 | [16],[18],[43] | |||
Par | $ 19,081,000 | [12],[14],[19],[49] | $ 19,164,000 | [16],[18],[20],[43] | |||||||
Investment cost | 18,987,000 | [3],[12],[14],[49] | 19,050,000 | [6],[16],[18],[43] | |||||||
Fair Value | $ 19,028,000 | [7],[8],[12],[14],[49] | $ 18,817,000 | [9],[10],[16],[18],[43] | |||||||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [12],[14],[49] | 6.25% | [12],[14],[49] | 6.25% | [16],[18],[43] | 6.25% | [16],[18],[43] | |||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.50% | [12],[14],[49] | 0.50% | [12],[14],[49] | 0.50% | [16],[18],[43] | 0.50% | [16],[18],[43] | |||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 14, 2023 | [11],[12],[14],[49] | Dec. 14, 2023 | [11],[12],[14],[49] | Dec. 14, 2023 | [15],[16],[18],[43] | Dec. 14, 2023 | [15],[16],[18],[43] | |||
Par | $ 3,150,000 | [11],[12],[14],[19],[49] | $ 3,150,000 | [15],[16],[18],[20],[43] | |||||||
Investment cost | 3,136,000 | [3],[11],[12],[14],[49] | 3,133,000 | [6],[15],[16],[18],[43] | |||||||
Fair Value | $ 3,143,000 | [7],[8],[11],[12],[14],[49] | $ 3,105,000 | [9],[10],[15],[16],[18],[43] | |||||||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.25% | [11],[12],[14],[49] | 6.25% | [11],[12],[14],[49] | 6.25% | [15],[16],[18],[43] | 6.25% | [15],[16],[18],[43] | |||
High Tech Industries | MYCOM | Magnate Holding Corp. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.50% | [11],[12],[14],[49] | 0.50% | [11],[12],[14],[49] | 0.50% | [15],[16],[18],[43] | 0.50% | [15],[16],[18],[43] | |||
High Tech Industries | New Era Technology, Inc. | |||||||||||
Investment cost | [3] | $ 31,732,000 | |||||||||
Fair Value | [7],[8] | $ 31,502,000 | |||||||||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 31, 2026 | [11],[12],[13],[14] | Oct. 31, 2026 | [11],[12],[13],[14] | Oct. 31, 2026 | [15],[16],[17],[18] | Oct. 31, 2026 | [15],[16],[17],[18] | |||
Par | $ 33,033,000 | [11],[12],[13],[14],[19] | $ 23,794,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 30,981,000 | [3],[11],[12],[13],[14] | 21,315,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 30,762,000 | [7],[8],[11],[12],[13],[14] | $ 21,221,000 | [9],[10],[15],[16],[17],[18] | |||||||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [11],[12],[13],[14] | 6.25% | [11],[12],[13],[14] | 6.25% | [15],[16],[17],[18] | 6.25% | [15],[16],[17],[18] | |||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Oct. 30, 2026 | [11],[12],[13],[14] | Oct. 30, 2026 | [11],[12],[13],[14] | Oct. 30, 2026 | [15],[16],[17],[18] | Oct. 30, 2026 | [15],[16],[17],[18] | |||
Par | $ 1,732,000 | [11],[12],[13],[14],[19] | $ 1,049,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 751,000 | [3],[11],[12],[13],[14] | 594,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 740,000 | [7],[8],[11],[12],[13],[14] | $ 591,000 | [9],[10],[15],[16],[17],[18] | |||||||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6.25% | [11],[12],[13],[14] | 6.25% | [11],[12],[13],[14] | 6.25% | [15],[16],[17],[18] | 6.25% | [15],[16],[17],[18] | |||
High Tech Industries | New Era Technology, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Hotel, Gaming, Leisure, Restaurants | |||||||||||
Investment cost | $ 19,317,000 | [3] | $ 19,648,000 | [6] | |||||||
Fair Value | 19,276,000 | [7],[8] | 19,643,000 | [9],[10] | |||||||
Hotel, Gaming, Leisure, Restaurants | Guernsey | |||||||||||
Investment cost | 9,538,000 | [3] | 9,813,000 | [6] | |||||||
Fair Value | $ 9,496,000 | [7],[8] | $ 9,800,000 | [9],[10] | |||||||
Hotel, Gaming, Leisure, Restaurants | Guernsey | Guernsey Holdings S D I L A L L C | First Lien Secured Debt | |||||||||||
Interest Rate | 6.95% | [14] | 6.95% | [14] | 6.95% | [18] | 6.95% | [18] | |||
Maturity Date | Nov. 18, 2026 | [14] | Nov. 18, 2026 | [14] | Nov. 18, 2026 | [18] | Nov. 18, 2026 | [18] | |||
Par | $ 9,620,000 | [14],[19] | $ 9,904,000 | [18],[20] | |||||||
Investment cost | 9,538,000 | [3],[14] | 9,812,000 | [6],[18] | |||||||
Fair Value | $ 9,572,000 | [7],[8],[14] | $ 9,811,000 | [9],[10],[18] | |||||||
Hotel, Gaming, Leisure, Restaurants | Guernsey | Guernsey Holdings S D I L A L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Nov. 18, 2026 | [11],[14],[21] | Nov. 18, 2026 | [11],[14],[21] | Nov. 18, 2026 | [15],[18],[22] | Nov. 18, 2026 | [15],[18],[22] | |||
Par | $ 1,167,000 | [11],[14],[19],[21] | $ 1,167,000 | [15],[18],[20],[22] | |||||||
Investment cost | [6],[15],[18],[22] | 1,000 | |||||||||
Fair Value | $ (76,000) | [7],[8],[11],[14],[21] | $ (11,000) | [9],[10],[15],[18],[22] | |||||||
Hotel, Gaming, Leisure, Restaurants | Guernsey | Guernsey Holdings S D I L A L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.95% | [11],[14],[21] | 5.95% | [11],[14],[21] | 5.95% | [15],[18],[22] | 5.95% | [15],[18],[22] | |||
Hotel, Gaming, Leisure, Restaurants | Guernsey | Guernsey Holdings S D I L A L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[21] | 1% | [11],[14],[21] | 1% | [15],[18],[22] | 1% | [15],[18],[22] | |||
Hotel, Gaming, Leisure, Restaurants | Taco Cabana | Y T C Enterprises L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Aug. 16, 2026 | [14],[27] | Aug. 16, 2026 | [14],[27] | Aug. 16, 2026 | [18],[37] | Aug. 16, 2026 | [18],[37] | |||
Par | $ 9,879,000 | [14],[19],[27] | $ 9,942,000 | [18],[20],[37] | |||||||
Investment cost | 9,779,000 | [3],[14],[27] | 9,835,000 | [6],[18],[37] | |||||||
Fair Value | $ 9,780,000 | [7],[8],[14],[27] | $ 9,843,000 | [9],[10],[18],[37] | |||||||
Hotel, Gaming, Leisure, Restaurants | Taco Cabana | Y T C Enterprises L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [14],[27] | 6.25% | [14],[27] | 6.25% | [18],[37] | 6.25% | [18],[37] | |||
Hotel, Gaming, Leisure, Restaurants | Taco Cabana | Y T C Enterprises L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
Insurance | |||||||||||
Investment cost | $ 82,930,000 | [3] | $ 79,842,000 | [6] | |||||||
Fair Value | 82,675,000 | [7],[8] | 80,147,000 | [9],[10] | |||||||
Insurance | High Street Insurance | |||||||||||
Investment cost | 29,458,000 | [3] | 29,570,000 | [6] | |||||||
Fair Value | $ 29,237,000 | [7],[8] | $ 29,547,000 | [9],[10] | |||||||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 14, 2028 | [12],[14] | Apr. 14, 2028 | [12],[14] | Apr. 14, 2028 | [18],[37] | Apr. 14, 2028 | [18],[37] | |||
Par | $ 29,961,000 | [12],[14],[19] | $ 30,113,000 | [18],[20],[37] | |||||||
Investment cost | 29,492,000 | [3],[12],[14] | 29,607,000 | [6],[18],[37] | |||||||
Fair Value | $ 29,287,000 | [7],[8],[12],[14] | $ 29,586,000 | [9],[10],[18],[37] | |||||||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [12],[14] | 6% | [12],[14] | 6% | [18],[37] | 6% | [18],[37] | |||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0.75% | [12],[14] | 0.75% | [12],[14] | 0.75% | [18],[37] | 0.75% | [18],[37] | |||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 16, 2027 | [11],[13],[14],[21] | Apr. 16, 2027 | [11],[13],[14],[21] | Apr. 16, 2027 | [15],[17],[18],[22] | Apr. 16, 2027 | [15],[17],[18],[22] | |||
Par | $ 2,203,000 | [11],[13],[14],[19],[21] | $ 2,203,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 34,000 | [3],[11],[13],[14],[21] | (37,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (50,000) | [7],[8],[11],[13],[14],[21] | $ (39,000) | [9],[10],[15],[17],[18],[22] | |||||||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[21] | 6% | [11],[13],[14],[21] | 6% | [15],[17],[18],[22] | 6% | [15],[17],[18],[22] | |||
Insurance | High Street Insurance | High Street Buyer Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 0.75% | [11],[13],[14],[21] | 0.75% | [11],[13],[14],[21] | 0.75% | [15],[17],[18],[22] | 0.75% | [15],[17],[18],[22] | |||
Insurance | PGM Holdings Corporation | |||||||||||
Investment cost | $ 18,856,000 | [3] | $ 18,916,000 | [6] | |||||||
Fair Value | $ 18,530,000 | [7],[8] | $ 18,873,000 | [9],[10] | |||||||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 02, 2025 | [12],[14],[53] | Dec. 02, 2025 | [12],[14],[53] | Dec. 02, 2025 | [18],[25] | Dec. 02, 2025 | [18],[25] | |||
Par | $ 19,132,000 | [12],[14],[19],[53] | $ 19,230,000 | [18],[20],[25] | |||||||
Investment cost | 18,868,000 | [3],[12],[14],[53] | 18,930,000 | [6],[18],[25] | |||||||
Fair Value | $ 18,558,000 | [7],[8],[12],[14],[53] | $ 18,889,000 | [9],[10],[18],[25] | |||||||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [12],[14],[53] | 6% | [12],[14],[53] | 6% | [18],[25] | 6% | [18],[25] | |||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14],[53] | 1% | [12],[14],[53] | 1% | [18],[25] | 1% | [18],[25] | |||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 02, 2025 | [11],[13],[14],[21] | Dec. 02, 2025 | [11],[13],[14],[21] | Dec. 02, 2025 | [15],[17],[18],[22] | Dec. 02, 2025 | [15],[17],[18],[22] | |||
Par | $ 923,000 | [11],[13],[14],[19],[21] | $ 923,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | 12,000 | [3],[11],[13],[14],[21] | (14,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (28,000) | [7],[8],[11],[13],[14],[21] | $ (16,000) | [9],[10],[15],[17],[18],[22] | |||||||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[21] | 5.75% | [11],[13],[14],[21] | 5.75% | [15],[17],[18],[22] | 5.75% | [15],[17],[18],[22] | |||
Insurance | PGM Holdings Corporation | Turbo Buyer, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
Insurance | Relation Insurance | |||||||||||
Investment cost | $ 34,616,000 | [3] | $ 31,356,000 | [6] | |||||||
Fair Value | $ 34,908,000 | [7],[8] | $ 31,727,000 | [9],[10] | |||||||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Apr. 15, 2025 | [11],[12],[13],[14],[53] | Apr. 15, 2025 | [11],[12],[13],[14],[53] | Apr. 15, 2025 | [15],[16],[17],[18],[25],[37] | Apr. 15, 2025 | [15],[16],[17],[18],[25],[37] | |||
Par | $ 34,683,000 | [11],[12],[13],[14],[19],[53] | $ 34,858,000 | [15],[16],[17],[18],[20],[25],[37] | |||||||
Investment cost | 33,873,000 | [3],[11],[12],[13],[14],[53] | 31,093,000 | [6],[15],[16],[17],[18],[25],[37] | |||||||
Fair Value | $ 34,157,000 | [7],[8],[11],[12],[13],[14],[53] | $ 31,447,000 | [9],[10],[15],[16],[17],[18],[25],[37] | |||||||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6.25% | [11],[12],[13],[14],[53] | 6.25% | [11],[12],[13],[14],[53] | 6% | [15],[16],[17],[18],[25],[37] | 6% | [15],[16],[17],[18],[25],[37] | |||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14],[53] | 1% | [11],[12],[13],[14],[53] | 1% | [15],[16],[17],[18],[25],[37] | 1% | [15],[16],[17],[18],[25],[37] | |||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Apr. 15, 2024 | [11],[13],[14],[26],[36] | Apr. 15, 2024 | [11],[13],[14],[26],[36] | Apr. 15, 2024 | [15],[17],[18],[25],[28] | Apr. 15, 2024 | [15],[17],[18],[25],[28] | |||
Par | $ 1,785,000 | [11],[13],[14],[19],[26],[36] | $ 1,785,000 | [15],[17],[18],[20],[25],[28] | |||||||
Investment cost | 743,000 | [3],[11],[13],[14],[26],[36] | 263,000 | [6],[15],[17],[18],[25],[28] | |||||||
Fair Value | $ 751,000 | [7],[8],[11],[13],[14],[26],[36] | $ 280,000 | [9],[10],[15],[17],[18],[25],[28] | |||||||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | [15],[17],[18],[25],[28] | 6% | 6% | ||||||||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt - Revolver | SOFR | |||||||||||
Spread | [11],[13],[14],[26],[36] | 6.25% | 6.25% | ||||||||
Insurance | Relation Insurance | AQ Sunshine, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[26],[36] | 1% | [11],[13],[14],[26],[36] | 1% | [15],[17],[18],[25],[28] | 1% | [15],[17],[18],[25],[28] | |||
Manufacturing, Capital Equipment | |||||||||||
Investment cost | $ 49,860,000 | [3] | $ 48,013,000 | [6] | |||||||
Fair Value | 46,622,000 | [7],[8] | 43,641,000 | [9],[10] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | |||||||||||
Investment cost | 25,384,000 | [3] | 23,413,000 | [6] | |||||||
Fair Value | $ 23,036,000 | [7],[8] | $ 19,816,000 | [9],[10] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | Class P-1 Preferred | |||||||||||
Shares | shares | 33,333 | [14],[23],[54] | 33,333 | [14],[23],[54] | 33,333 | [18],[24],[46] | 33,333 | [18],[24],[46] | |||
Investment cost | $ 3,333,000 | [3],[14],[23],[54] | $ 3,333,000 | [6],[18],[24],[46] | |||||||
Fair Value | $ 6,667,000 | [7],[8],[14],[23],[54] | $ 6,342,000 | [9],[10],[18],[24],[46] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | Class P-2 Preferred | |||||||||||
Shares | shares | 85,164 | [14],[23],[54] | 85,164 | [14],[23],[54] | 85,164 | [18],[24],[46] | 85,164 | [18],[24],[46] | |||
Investment cost | $ 8,517,000 | [3],[14],[23],[54] | $ 8,516,000 | [6],[18],[24],[46] | |||||||
Fair Value | $ 2,959,000 | [7],[8],[14],[23],[54] | $ 1,970,000 | [9],[10],[18],[24],[46] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | Class A-1 Common | |||||||||||
Shares | shares | 3,333 | [14],[23],[54] | 3,333 | [14],[23],[54] | 3,333 | [18],[24],[46] | 3,333 | [18],[24],[46] | |||
Fair Value | $ 50,000 | [7],[8],[14],[23],[54] | $ 85,000 | [9],[10],[18],[24],[46] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Mar. 17, 2026 | [11],[14],[26],[27] | Mar. 17, 2026 | [11],[14],[26],[27] | Mar. 17, 2026 | [15],[17],[18],[28],[37] | Mar. 17, 2026 | [15],[17],[18],[28],[37] | |||
Par | $ 16,667,000 | [11],[14],[19],[26],[27] | $ 16,667,000 | [15],[17],[18],[20],[28],[37] | |||||||
Investment cost | 13,534,000 | [3],[11],[14],[26],[27] | 11,564,000 | [6],[15],[17],[18],[28],[37] | |||||||
Fair Value | $ 13,360,000 | [7],[8],[11],[14],[26],[27] | $ 11,419,000 | [9],[10],[15],[17],[18],[28],[37] | |||||||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 4% | [11],[14],[26],[27] | 4% | [11],[14],[26],[27] | 4% | [15],[17],[18],[28],[37] | 4% | [15],[17],[18],[28],[37] | |||
Manufacturing, Capital Equipment | AVAD, LLC | Surf Opco, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[14],[26],[27] | 1% | [11],[14],[26],[27] | 1% | [15],[17],[18],[28],[37] | 1% | [15],[17],[18],[28],[37] | |||
Manufacturing, Capital Equipment | Kauffman | |||||||||||
Investment cost | [6] | $ 16,641,000 | |||||||||
Fair Value | [9],[10] | $ 16,218,000 | |||||||||
Manufacturing, Capital Equipment | Kauffman | Kauffman Holdco, LLC | Common Equity - Common Stock | |||||||||||
Shares | shares | 250,000 | [14],[23] | 250,000 | [14],[23] | 250,000 | [18],[24] | 250,000 | [18],[24] | |||
Investment cost | $ 249,000 | [3],[14],[23] | $ 250,000 | [6],[18],[24] | |||||||
Fair Value | 132,000 | [7],[8],[14],[23] | $ 98,000 | [9],[10],[18],[24] | |||||||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | |||||||||||
Investment cost | [3] | 16,513,000 | |||||||||
Fair Value | [7],[8] | $ 16,053,000 | |||||||||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | May 08, 2025 | [14],[55] | May 08, 2025 | [14],[55] | May 08, 2025 | [18],[42] | May 08, 2025 | [18],[42] | |||
Par | $ 16,193,000 | [14],[19],[55] | $ 16,281,000 | [18],[20],[42] | |||||||
Investment cost | 16,050,000 | [3],[14],[55] | 16,114,000 | [6],[18],[42] | |||||||
Fair Value | $ 15,724,000 | [7],[8],[14],[55] | $ 15,843,000 | [9],[10],[18],[42] | |||||||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[55] | 6% | [14],[55] | 6.50% | [18],[42] | 6.50% | [18],[42] | |||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[55] | 1% | [14],[55] | 1% | [18],[42] | 1% | [18],[42] | |||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 08, 2025 | [11],[12],[13],[14] | May 08, 2025 | [11],[12],[13],[14] | May 08, 2025 | [15],[16],[17],[18] | May 08, 2025 | [15],[16],[17],[18] | |||
Par | $ 1,243,000 | [11],[12],[13],[14],[19] | $ 1,243,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 214,000 | [3],[11],[12],[13],[14] | 277,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 197,000 | [7],[8],[11],[12],[13],[14] | $ 277,000 | [9],[10],[15],[16],[17],[18] | |||||||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[12],[13],[14] | 6% | [11],[12],[13],[14] | 5.75% | [15],[16],[17],[18] | 5.75% | [15],[16],[17],[18] | |||
Manufacturing, Capital Equipment | Kauffman | Kauffman Intermediate, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[13],[14] | 1% | [11],[12],[13],[14] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Manufacturing, Capital Equipment | MedPlast Holdings Inc. | Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.) | Second Lien Secured Debt | |||||||||||
Maturity Date | Jul. 02, 2026 | [27] | Jul. 02, 2026 | [27] | Jul. 02, 2026 | [37] | Jul. 02, 2026 | [37] | |||
Par | $ 8,000,000 | [19],[27] | $ 8,000,000 | [20],[37] | |||||||
Investment cost | 7,963,000 | [3],[27] | 7,959,000 | [6],[37] | |||||||
Fair Value | $ 7,533,000 | [7],[8],[27] | $ 7,607,000 | [9],[10],[37] | |||||||
Manufacturing, Capital Equipment | MedPlast Holdings Inc. | Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.) | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | 7.75% | [27] | 7.75% | [27] | 7.75% | [37] | 7.75% | [37] | |||
Manufacturing, Capital Equipment | MedPlast Holdings Inc. | Viant Medical Holdings, Inc. (fka MedPlast Holdings, Inc.) | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 0% | [27] | 0% | [27] | 0% | [37] | 0% | [37] | |||
Media – Diversified & Production | |||||||||||
Investment cost | $ 35,641,000 | [3] | $ 40,598,000 | [6] | |||||||
Fair Value | 35,366,000 | [7],[8] | 40,146,000 | [9],[10] | |||||||
Media – Diversified & Production | New Wave Entertainment | |||||||||||
Investment cost | 32,592,000 | [3] | 31,990,000 | [6] | |||||||
Fair Value | $ 32,842,000 | [7],[8] | $ 32,247,000 | [9],[10] | |||||||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt | |||||||||||
Interest Rate, Paid in Kind | [12],[14] | 2% | 2% | ||||||||
Maturity Date | Aug. 16, 2024 | [12],[14] | Aug. 16, 2024 | [12],[14] | Aug. 16, 2024 | [16],[18] | Aug. 16, 2024 | [16],[18] | |||
Par | $ 29,764,000 | [12],[14],[19] | $ 29,195,000 | [16],[18],[20] | |||||||
Investment cost | 29,538,000 | [3],[12],[14] | 28,940,000 | [6],[16],[18] | |||||||
Fair Value | $ 29,764,000 | [7],[8],[12],[14] | $ 29,186,000 | [9],[10],[16],[18] | |||||||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt | Cash | |||||||||||
Interest Rate, Paid in Kind | [16],[18] | 2% | 2% | ||||||||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7.50% | [12],[14] | 7.50% | [12],[14] | 7.50% | [16],[18] | 7.50% | [16],[18] | |||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [16],[18] | 1% | [16],[18] | |||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Aug. 16, 2024 | [11],[12],[14] | Aug. 16, 2024 | [11],[12],[14] | Aug. 16, 2024 | [15],[16],[18] | Aug. 16, 2024 | [15],[16],[18] | |||
Par | $ 3,078,000 | [11],[12],[14],[19] | $ 3,078,000 | [15],[16],[18],[20] | |||||||
Investment cost | 3,054,000 | [3],[11],[12],[14] | 3,050,000 | [6],[15],[16],[18] | |||||||
Fair Value | $ 3,078,000 | [7],[8],[11],[12],[14] | $ 3,061,000 | [9],[10],[15],[16],[18] | |||||||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 7.50% | [11],[12],[14] | 7.50% | [11],[12],[14] | 7.50% | [15],[16],[18] | 7.50% | [15],[16],[18] | |||
Media – Diversified & Production | New Wave Entertainment | NW Entertainment, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[12],[14] | 1% | [11],[12],[14] | 1% | [15],[16],[18] | 1% | [15],[16],[18] | |||
Media – Diversified & Production | Sonar Entertainment | |||||||||||
Investment cost | $ 3,049,000 | [3] | $ 4,035,000 | [6] | |||||||
Fair Value | $ 2,524,000 | [7],[8] | $ 3,327,000 | [9],[10] | |||||||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt | |||||||||||
Maturity Date | Nov. 15, 2021 | [14],[27],[64] | Nov. 15, 2021 | [14],[27],[64] | Nov. 15, 2021 | [18],[37],[65] | Nov. 15, 2021 | [18],[37],[65] | |||
Par | $ 1,798,000 | [14],[19],[27],[64] | $ 2,475,000 | [18],[20],[37],[65] | |||||||
Investment cost | 1,797,000 | [3],[14],[27],[64] | 2,474,000 | [6],[18],[37],[65] | |||||||
Fair Value | $ 1,498,000 | [7],[8],[14],[27],[64] | $ 2,019,000 | [9],[10],[18],[37],[65] | |||||||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 7.60% | [14],[27],[64] | 7.60% | [14],[27],[64] | 7.60% | [18],[37],[65] | 7.60% | [18],[37],[65] | |||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1.25% | [14],[27],[64] | 1.25% | [14],[27],[64] | 1.25% | [18],[37],[65] | 1.25% | [18],[37],[65] | |||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Nov. 15, 2021 | [11],[13],[14],[27],[64] | Nov. 15, 2021 | [11],[13],[14],[27],[64] | Nov. 15, 2021 | [15],[18],[37],[65] | Nov. 15, 2021 | [15],[18],[37],[65] | |||
Par | $ 1,604,000 | [11],[13],[14],[19],[27],[64] | $ 1,604,000 | [15],[18],[20],[37],[65] | |||||||
Investment cost | 1,252,000 | [3],[11],[13],[14],[27],[64] | 1,561,000 | [6],[15],[18],[37],[65] | |||||||
Fair Value | $ 1,026,000 | [7],[8],[11],[13],[14],[27],[64] | $ 1,308,000 | [9],[10],[15],[18],[37],[65] | |||||||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 7.60% | [11],[13],[14],[27],[64] | 7.60% | [11],[13],[14],[27],[64] | 7.60% | [15],[18],[37],[65] | 7.60% | [15],[18],[37],[65] | |||
Media – Diversified & Production | Sonar Entertainment | Sonar Entertainment, Inc. | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1.25% | [11],[13],[14],[27],[64] | 1.25% | [11],[13],[14],[27],[64] | 1.25% | [15],[18],[37],[65] | 1.25% | [15],[18],[37],[65] | |||
Media – Diversified & Production | Nitro World Entertainment | NWE OPCO LP | First Lien Secured Debt | |||||||||||
Maturity Date | [18],[37] | Dec. 19, 2022 | Dec. 19, 2022 | ||||||||
Par | [18],[20],[37] | $ 4,579,000 | |||||||||
Investment cost | [6],[18],[37] | 4,573,000 | |||||||||
Fair Value | [9],[10],[18],[37] | $ 4,572,000 | |||||||||
Media – Diversified & Production | Nitro World Entertainment | NWE OPCO LP | First Lien Secured Debt | LIBOR | |||||||||||
Spread | [18],[37] | 6.50% | 6.50% | ||||||||
Media – Diversified & Production | Nitro World Entertainment | NWE OPCO LP | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [18],[37] | 2% | 2% | ||||||||
Retail | |||||||||||
Investment cost | $ 31,281,000 | [3] | $ 31,040,000 | [6] | |||||||
Fair Value | $ 31,264,000 | [7],[8] | $ 31,184,000 | [9] | |||||||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt | |||||||||||
Maturity Date | Jul. 25, 2025 | [14],[27] | Jul. 25, 2025 | [14],[27] | Jul. 25, 2025 | [18],[37] | Jul. 25, 2025 | [18],[37] | |||
Par | $ 30,847,000 | [14],[19],[27] | $ 31,005,000 | [18],[20],[37] | |||||||
Investment cost | 30,538,000 | [3],[14],[27] | 30,645,000 | [6],[18],[37] | |||||||
Fair Value | $ 30,524,000 | [7],[8],[14],[27] | $ 30,780,000 | [9],[18],[37] | |||||||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [14],[27] | 6% | [14],[27] | 6% | [18],[37] | 6% | [18],[37] | |||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Jul. 25, 2024 | [11],[13],[14],[27] | Jul. 25, 2024 | [11],[13],[14],[27] | Jul. 25, 2024 | [15],[17],[18],[37] | Jul. 25, 2024 | [15],[17],[18],[37] | |||
Par | $ 3,413,000 | [11],[13],[14],[19],[27] | $ 3,413,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 743,000 | [3],[11],[13],[14],[27] | 395,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 740,000 | [7],[8],[11],[13],[14],[27] | $ 404,000 | [9],[15],[17],[18],[37] | |||||||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 6% | [11],[13],[14],[27] | 6% | [11],[13],[14],[27] | 6% | [15],[17],[18],[37] | 6% | [15],[17],[18],[37] | |||
Retail | IPS | SI Holdings, Inc | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Telecommunications | |||||||||||
Investment cost | $ 7,095,000 | [3] | $ 7,119,000 | [6] | |||||||
Fair Value | $ 6,629,000 | [7],[8] | $ 6,843,000 | [9] | |||||||
Telecommunications | Securus Technologies Holdings, Inc | Second Lien Secured Debt | |||||||||||
Maturity Date | [12] | Nov. 01, 2025 | Nov. 01, 2025 | ||||||||
Par | [12],[19] | $ 7,128,000 | |||||||||
Investment cost | [3],[12] | 7,095,000 | |||||||||
Fair Value | [7],[8],[12] | $ 6,629,000 | |||||||||
Telecommunications | Securus Technologies Holdings, Inc | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [12] | 8.25% | 8.25% | ||||||||
Telecommunications | Securus Technologies Holdings, Inc | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [12] | 1% | 1% | ||||||||
Telecommunications | Securus Technologies Holdings | Securus Technologies Holdings, Inc | Second Lien Secured Debt | |||||||||||
Maturity Date | [16] | Nov. 01, 2025 | Nov. 01, 2025 | ||||||||
Par | [16],[20] | $ 7,128,000 | |||||||||
Investment cost | [6],[16] | 7,119,000 | |||||||||
Fair Value | [9],[16] | $ 6,843,000 | |||||||||
Telecommunications | Securus Technologies Holdings | Securus Technologies Holdings, Inc | Second Lien Secured Debt | LIBOR | |||||||||||
Spread | [16] | 8.25% | 8.25% | ||||||||
Telecommunications | Securus Technologies Holdings | Securus Technologies Holdings, Inc | Second Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [16] | 1% | 1% | ||||||||
Transportation - Cargo, Distribution | |||||||||||
Investment cost | $ 112,358,000 | [3] | $ 139,864,000 | [6] | |||||||
Fair Value | 56,065,000 | [7],[8] | 82,325,000 | [9] | |||||||
Transportation - Cargo, Distribution | MSEA Tankers LLC | Common Equity - Class A Units | |||||||||||
Investment cost | 19,397,000 | [3],[30],[49],[66] | 50,258,000 | [6],[31],[38],[43],[67] | |||||||
Fair Value | 4,444,000 | [7],[8],[30],[49],[66] | 34,274,000 | [9],[31],[38],[43],[67] | |||||||
Transportation - Cargo, Distribution | Beacon Mobility | |||||||||||
Investment cost | 20,290,000 | [3] | 13,824,000 | [6] | |||||||
Fair Value | $ 20,378,000 | [7],[8] | $ 14,064,000 | [9] | |||||||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt | |||||||||||
Maturity Date | May 22, 2024 | [11],[13],[14],[27] | May 22, 2024 | [11],[13],[14],[27] | May 22, 2024 | [15],[16],[17],[18] | May 22, 2024 | [15],[16],[17],[18] | |||
Par | $ 28,179,000 | [11],[13],[14],[19],[27] | $ 28,266,000 | [15],[16],[17],[18],[20] | |||||||
Investment cost | 20,350,000 | [3],[11],[13],[14],[27] | 13,227,000 | [6],[15],[16],[17],[18] | |||||||
Fair Value | $ 20,421,000 | [7],[8],[11],[13],[14],[27] | $ 13,429,000 | [9],[15],[16],[17],[18] | |||||||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[27] | 5.50% | [11],[13],[14],[27] | 5.50% | [15],[16],[17],[18] | 5.50% | [15],[16],[17],[18] | |||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[16],[17],[18] | 1% | [15],[16],[17],[18] | |||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt - Revolver | |||||||||||
Interest Rate | [11],[14],[26],[40] | 4% | 4% | ||||||||
Maturity Date | Feb. 04, 2023 | [11],[14],[26],[40] | Feb. 04, 2023 | [11],[14],[26],[40] | May 22, 2024 | [15],[17],[18],[28],[39] | May 22, 2024 | [15],[17],[18],[28],[39] | |||
Par | $ 50,000,000 | [11],[14],[19],[26],[40] | $ 4,145,000 | [15],[17],[18],[20],[28],[39] | |||||||
Investment cost | [6],[15],[17],[18],[28],[39] | 597,000 | |||||||||
Fair Value | [9],[15],[17],[18],[28],[39] | $ 635,000 | |||||||||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt - Revolver | Prime Rate | |||||||||||
Interest Rate | [15],[17],[18],[28],[39] | 4.50% | 4.50% | ||||||||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | May 22, 2024 | [11],[13],[14],[21],[26] | May 22, 2024 | [11],[13],[14],[21],[26] | May 22, 2024 | [15],[18],[68] | May 22, 2024 | [15],[18],[68] | |||
Par | $ 4,145,000 | [11],[13],[14],[19],[21],[26] | $ 50,000,000 | [15],[18],[20],[68] | |||||||
Investment cost | [3],[11],[13],[14],[21],[26] | (60,000) | |||||||||
Fair Value | [7],[8],[11],[13],[14],[21],[26] | $ (43,000) | |||||||||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21],[26] | 5.50% | [11],[13],[14],[21],[26] | 4% | [15],[18],[68] | 4% | [15],[18],[68] | |||
Transportation - Cargo, Distribution | Beacon Mobility | Beacon Mobility Corp | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21],[26] | 1% | [11],[13],[14],[21],[26] | 0% | [15],[18],[68] | 0% | [15],[18],[68] | |||
Transportation - Cargo, Distribution | Dynamic Product Tankers (Prime), LLC | Dynamic Product Tankers, LLC | Common Equity - Class A Units | |||||||||||
Investment cost | $ 41,369,000 | [3],[23],[30],[49],[69] | $ 44,432,000 | [6],[24],[31],[38],[43],[70] | |||||||
Fair Value | [9],[24],[31],[38],[43],[70] | 3,110,000 | |||||||||
Transportation - Cargo, Distribution | Heniff and Superior | |||||||||||
Investment cost | 31,302,000 | [3] | 31,350,000 | [6] | |||||||
Fair Value | $ 31,243,000 | [7],[8] | $ 30,877,000 | [9] | |||||||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 03, 2026 | [14],[27] | Dec. 03, 2026 | [14],[27] | Dec. 03, 2026 | [18],[37] | Dec. 03, 2026 | [18],[37] | |||
Par | $ 30,298,000 | [14],[19],[27] | $ 30,453,000 | [18],[20],[37] | |||||||
Investment cost | 29,898,000 | [3],[14],[27] | 30,019,000 | [6],[18],[37] | |||||||
Fair Value | $ 29,843,000 | [7],[8],[14],[27] | $ 29,582,000 | [9],[18],[37] | |||||||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [14],[27] | 5.75% | [14],[27] | 5.75% | [18],[37] | 5.75% | [18],[37] | |||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [14],[27] | 1% | [14],[27] | 1% | [18],[37] | 1% | [18],[37] | |||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 03, 2024 | [11],[13],[14],[27] | Dec. 03, 2024 | [11],[13],[14],[27] | Dec. 03, 2024 | [15],[17],[18],[28],[37] | Dec. 03, 2024 | [15],[17],[18],[28],[37] | |||
Par | $ 3,925,000 | [11],[13],[14],[19],[27] | $ 3,925,000 | [15],[17],[18],[20],[28],[37] | |||||||
Investment cost | 1,404,000 | [3],[11],[13],[14],[27] | 1,331,000 | [6],[15],[17],[18],[28],[37] | |||||||
Fair Value | $ 1,400,000 | [7],[8],[11],[13],[14],[27] | $ 1,295,000 | [9],[15],[17],[18],[28],[37] | |||||||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[27] | 5.75% | [11],[13],[14],[27] | 5.75% | [15],[17],[18],[28],[37] | 5.75% | [15],[17],[18],[28],[37] | |||
Transportation - Cargo, Distribution | Heniff and Superior | Heniff Holdco L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[28],[37] | 1% | [15],[17],[18],[28],[37] | |||
Utilities Electric | |||||||||||
Investment cost | [3] | $ 14,606,000 | |||||||||
Fair Value | [7] | $ 14,588,000 | |||||||||
Utilities Electric | Congruex [Member] | Congruex Group LLC | First Lien Secured Debt | |||||||||||
Maturity Date | [14],[33] | May 03, 2029 | May 03, 2029 | ||||||||
Par | [14],[19],[33] | $ 14,963,000 | |||||||||
Investment cost | [3],[14],[33] | 14,606,000 | |||||||||
Fair Value | [7],[14],[33] | $ 14,588,000 | |||||||||
Utilities Electric | Congruex [Member] | Congruex Group LLC | First Lien Secured Debt | SOFR | |||||||||||
Spread | [14],[33] | 5.75% | 5.75% | ||||||||
Utilities Electric | Congruex [Member] | Congruex Group LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | [14],[33] | 0.75% | 0.75% | ||||||||
Wholesale | |||||||||||
Investment cost | $ 47,793,000 | [3] | $ 42,532,000 | [6] | |||||||
Fair Value | 47,900,000 | [7],[8] | 42,784,000 | [9] | |||||||
Wholesale | Banner Solutions | |||||||||||
Investment cost | 16,553,000 | [3] | 16,347,000 | [6] | |||||||
Fair Value | $ 16,410,000 | [7],[8] | $ 16,341,000 | [9] | |||||||
Wholesale | Banner Solutions | Common Equity - Common Stock | |||||||||||
Shares | shares | [14],[23] | 6,125 | 6,125 | ||||||||
Investment cost | [3],[14],[23] | $ 613,000 | |||||||||
Fair Value | [7],[8],[14],[23] | $ 530,000 | |||||||||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt | |||||||||||
Maturity Date | Oct. 31, 2025 | [11],[13],[14],[27] | Oct. 31, 2025 | [11],[13],[14],[27] | Oct. 31, 2025 | [15],[17],[18],[37] | Oct. 31, 2025 | [15],[17],[18],[37] | |||
Par | $ 17,672,000 | [11],[13],[14],[19],[27] | $ 17,751,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 15,056,000 | [3],[11],[13],[14],[27] | 15,111,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 15,001,000 | [7],[8],[11],[13],[14],[27] | $ 15,171,000 | [9],[15],[17],[18],[37] | |||||||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[27] | 5.75% | [11],[13],[14],[27] | 5.75% | [15],[17],[18],[37] | 5.75% | [15],[17],[18],[37] | |||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Oct. 31, 2025 | [11],[13],[14],[27] | Oct. 31, 2025 | [11],[13],[14],[27] | Oct. 31, 2025 | [15],[17],[18],[37] | Oct. 31, 2025 | [15],[17],[18],[37] | |||
Par | $ 1,935,000 | [11],[13],[14],[19],[27] | $ 1,935,000 | [15],[17],[18],[20],[37] | |||||||
Investment cost | 884,000 | [3],[11],[13],[14],[27] | 623,000 | [6],[15],[17],[18],[37] | |||||||
Fair Value | $ 879,000 | [7],[8],[11],[13],[14],[27] | $ 631,000 | [9],[15],[17],[18],[37] | |||||||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.75% | [11],[13],[14],[27] | 5.75% | [11],[13],[14],[27] | 5.75% | [15],[17],[18],[37] | 5.75% | [15],[17],[18],[37] | |||
Wholesale | Banner Solutions | Banner Buyer, LLC | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[27] | 1% | [11],[13],[14],[27] | 1% | [15],[17],[18],[37] | 1% | [15],[17],[18],[37] | |||
Wholesale | Banner Solutions | Banner Parent Holdings, Inc. | Common Equity - Common Stock | |||||||||||
Shares | shares | [18],[24] | 6,125 | 6,125 | ||||||||
Investment cost | [6],[18],[24] | $ 613,000 | |||||||||
Fair Value | [9],[18],[24] | 539,000 | |||||||||
Wholesale | Thomas Scientific | |||||||||||
Investment cost | $ 31,240,000 | [3] | 26,185,000 | [6] | |||||||
Fair Value | $ 31,490,000 | [7],[8] | $ 26,443,000 | [9] | |||||||
Wholesale | Thomas Scientific | B S P T S L P | Common Equity - Common Stock | |||||||||||
Shares | shares | 185 | [14],[23],[30] | 185 | [14],[23],[30] | 185 | [18],[24],[31] | 185 | [18],[24],[31] | |||
Investment cost | $ 185,000 | [3],[14],[23],[30] | $ 185,000 | [6],[18],[24],[31] | |||||||
Fair Value | $ 187,000 | [7],[8],[14],[23],[30] | $ 190,000 | [9],[18],[24],[31] | |||||||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt | |||||||||||
Maturity Date | Dec. 14, 2027 | [12],[14] | Dec. 14, 2027 | [12],[14] | Dec. 14, 2027 | [15],[17],[18],[42] | Dec. 14, 2027 | [15],[17],[18],[42] | |||
Par | $ 31,652,000 | [12],[14],[19] | $ 31,785,000 | [15],[17],[18],[20],[42] | |||||||
Investment cost | 31,107,000 | [3],[12],[14] | 26,056,000 | [6],[15],[17],[18],[42] | |||||||
Fair Value | $ 31,333,000 | [7],[8],[12],[14] | $ 26,283,000 | [9],[15],[17],[18],[42] | |||||||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt | LIBOR | |||||||||||
Spread | 6% | [12],[14] | 6% | [12],[14] | 6.25% | [15],[17],[18],[42] | 6.25% | [15],[17],[18],[42] | |||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt | Floor Rate | |||||||||||
Interest Rate | 1% | [12],[14] | 1% | [12],[14] | 1% | [15],[17],[18],[42] | 1% | [15],[17],[18],[42] | |||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt - Revolver | |||||||||||
Maturity Date | Dec. 14, 2027 | [11],[13],[14],[21] | Dec. 14, 2027 | [11],[13],[14],[21] | Dec. 14, 2027 | [15],[17],[18],[22] | Dec. 14, 2027 | [15],[17],[18],[22] | |||
Par | $ 2,963,000 | [11],[13],[14],[19],[21] | $ 2,963,000 | [15],[17],[18],[20],[22] | |||||||
Investment cost | (52,000) | [3],[11],[13],[14],[21] | (56,000) | [6],[15],[17],[18],[22] | |||||||
Fair Value | $ (30,000) | [7],[8],[11],[13],[14],[21] | $ (30,000) | [9],[15],[17],[18],[22] | |||||||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt - Revolver | LIBOR | |||||||||||
Spread | 5.50% | [11],[13],[14],[21] | 5.50% | [11],[13],[14],[21] | 6.25% | [15],[17],[18],[22] | 6.25% | [15],[17],[18],[22] | |||
Wholesale | Thomas Scientific | Thomas Scientific L L C | First Lien Secured Debt - Revolver | Floor Rate | |||||||||||
Interest Rate | 1% | [11],[13],[14],[21] | 1% | [11],[13],[14],[21] | 1% | [15],[17],[18],[22] | 1% | [15],[17],[18],[22] | |||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2022: Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Non-Controlled / Non-Affiliated Investments Advertising, Printing & Publishing $ 43,828 $ — $ — $ — $ — $ 432 $ — $ 44,260 Aerospace & Defense 24,354 — — — — — — 24,354 Automotive 59,915 23,621 — — — 350 — 83,886 Aviation and Consumer Transport 17,147 — — — — — — 17,147 Beverage, Food & Tobacco 103,684 — — — 448 1,409 — 105,541 Business Services 208,368 67,425 — — 89 1,940 — 277,822 Chemicals, Plastics & Rubber 23,212 — — — — — — 23,212 Construction & Building 30,121 — — — — 500 — 30,621 Consumer Goods – Durable 20,699 — — — — 107 — 20,806 Consumer Goods – Non-durable 74,649 — — — 492 2,135 — 77,276 Consumer Services 178,850 — — — — — — 178,850 Diversified Investment Vehicles, Banking, Finance, Real Estate 29,914 — — — — — — 29,914 Education 36,326 — — — — — — 36,326 Energy – Electricity 7,231 — — — 5,623 4 — 12,858 Healthcare & Pharmaceuticals 435,713 — — — 583 1,015 135 437,446 High Tech Industries 290,725 — — — — 1,000 — 291,725 Hotel, Gaming, Leisure, Restaurants 19,317 — — — — — — 19,317 Insurance 82,930 — — — — — — 82,930 Manufacturing, Capital Equipment 29,798 7,963 — — 11,850 249 — 49,860 Media – Diversified & Production 35,641 — — — — — — 35,641 Retail 31,281 — — — — — — 31,281 Telecommunications — 7,095 — — — — — 7,095 Transportation – Cargo, Distribution 51,592 — — — — — — 51,592 Utilities – Electric 14,606 — — — — — — 14,606 Wholesale 46,995 — — — — 798 — 47,793 Total Non-Controlled / $ 1,896,896 $ 106,104 $ — $ — $ 19,085 $ 9,939 $ 135 $ 2,032,159 Non-Controlled / Affiliated Investments Chemicals, Plastics & Rubber $ — $ — $ — $ — $ — $ 78,729 $ — $ 78,729 Consumer Goods - Durable 4,286 — — — — 1,000 — 5,286 Diversified Investment Vehicles, Banking, Finance, Real Estate — — — 16,998 — — — 16,998 Energy – Electricity — — — — 17,347 393 — 17,740 Energy – Oil & Gas — — — — — 12,271 — 12,271 Total Non-Controlled / Affiliated Investments $ 4,286 $ — $ — $ 16,998 $ 17,347 $ 92,393 $ — $ 131,024 See notes to financial statements. 26 Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Controlled Investments Aviation and Consumer Transport $ 150,000 $ — $ — $ — $ — $ 146,500 $ — $ 296,500 Energy – Oil & Gas 17,838 41 — — — 75,554 — 93,433 High Tech Industries 98,944 — — — 6,000 — — 104,944 Transportation – Cargo, Distribution — — — — — 60,766 — 60,766 Total Controlled Investments $ 266,782 $ 41 $ — $ — $ 6,000 $ 282,820 $ — $ 555,643 Total $ 2,167,964 $ 106,145 $ — $ 16,998 $ 42,432 $ 385,152 $ 135 $ 2,718,826 See notes to financial statements. 27 (35) Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of March 31, 2022: Fair value is determined in good faith subjct to the oversight of the Board of Directors of the Company (See Note 2 to the financial statements). The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2022: The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of March 31, 2022: Fair value is determined in good faith by or under the direction of the Board of Directors of the Company (See Note 2 to the financial statements). As of September 30, 2022, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 8 to the financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies. The interest rate on these loans is subject to 3 months LIBOR, which as of September 30, 2022 was 3.75 % The undrawn portion of these committed revolvers and delayed draw term loans includes a commitment and unused fee rate. These are co-investments made with the Company’s affiliates in accordance with the terms of the exemptive order the Company received from the Securities and Exchange Commission (the “SEC”) permitting us to do so. (See Note 3 to the financial statements for discussion of the exemptive order from the SEC.) As of March 31, 2022, the Company had the following commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. Such commitments are subject to the satisfaction of certain conditions set forth in the documents governing these loans and letters of credit and there can be no assurance that such conditions will be satisfied. See Note 8 to the financial statements for further information on revolving and delayed draw loan commitments, including commitments to issue letters of credit, related to certain portfolio companies. The interest rate on these loans is subject to 3 months LIBOR, which as of March 31, 2022 was 0.96 % The undrawn portion of these committed revolvers and delayed draw term loans includes a commitment and unused fee rate. These are co-investments made with the Company’s affiliates in accordance with the terms of the exemptive order the Company received from the Securities and Exchange Commission (the “SEC”) permitting us to do so. (See Note 3 to the financial statements for discussion of the exemptive order from the SEC.) Par amount is denominated in USD unless otherwise noted, Euro (“€”), British Pound (“£”), Canadian Dollar (“C$”), Australian Dollar (“A$”). Par amount is denominated in USD unless otherwise noted, Euro (“€”), British Pound (“£”), Canadian Dollar (“C$”), and Australian Dollar (“A$”) . The negative fair value is the result of the commitment being valued below par. The negative fair value is the result of the commitment being valued below par. Non-income producing security. Non-income producing security. The interest rate on these loans is subject to 6 months LIBOR, which as of March 31, 2022 was 1.47 % As of September 30, 2022, there were letters of credit issued and outstanding through the Company under this first lien senior secured revolving loan. The interest rate on these loans is subject to 1 month LIBOR, which as of September 30, 2022 was 3.14 % As of March 31, 2022, there were letters of credit issued and outstanding through the Company under this first lien senior secured revolving loan. The interest rate on these loans is subject to Prime, which as of September 30, 2022 was 6.25 % Securities that are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of September 30, 2022, the aggregate fair value of these securities is $ 200,756 or 20 % of the Company's net assets. The acquisition dates of the restricted securities are as follows: Securities that are exempt from registration under the Securities Act of 1933 (the “Securities Act”), and may be deemed to be “restricted securities” under the Securities Act. As of March 31, 2022, the aggregate fair value of these securities is $ 135,545 or 13.50 % of the Company's net assets. The acquisition dates of the restricted securities are as follows: Non-accrual status (See Note 2 to the financial statements). The interest rate on these loans is subject to 3 months SOFR, which as of September 30, 2022 was 3.59 % Non-accrual status (See Note 2 to the financial statements). The interest rate on these loans is subject to 6 months SOFR, which as of September 30, 2022 was 3.99 % The interest rate on these loans is subject to 1 month SOFR, which as of September 30, 2022 was 3.04 % The interest rate on these loans is subject to 1 month LIBOR, which as of March 31, 2022 was 0.45 % Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Fair value as of March 31, 2021 and March 31, 2022 along with transactions during the year ended March 31, 2022 in these controlled investments are as follows: The interest rate on these loans is subject to Prime, which as of March 31, 2022 was 3.50 % A letter of credit associated with this investment has been issued through the Company’s Senior Secured Facility. In the event of draw of funds the related funding would be pro-rated for all existing lenders in the investment. The interest rate on these loans is subject to SOFR, which as of March 31, 2022 was 0.29 % The interest rate on these loans is subject to 12 months LIBOR, which as of March 31, 2022 was 2.10 % Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of March 31, 2022, non-qualifying assets represented approximately 11.00 % of the total assets of the Company. For all letters of credit issued and outstanding on September 30, 2022, $ 1,473 will expire in 2022 , $ 37,966 will expire in 2023 and $ 84 will expire in 2024 . Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to holding the power to vote or owning 5 % or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of March 31, 2022 and September 30, 2022 along with transactions during the six months ended September 30, 2022 in these affiliated investments are as follows: AIC Spotted Hawk Holdings, LLC, AIC SHD Holdings, LLC, AIC Pelican Holdings, LLC, AP Surf Investments, LLC and AIC SB Holdings LLC are wholly-owned special purpose vehicles which only hold investments of the underlying portfolio companies and have no other significant assets or liabilities. AIC Spotted Hawk Holdings, LLC holds equity and debt investments in SHD Oil & Gas, LLC. AIC SHD Holdings LLC holds equity investments in SHD Oil & Gas, LLC. and equity investments in both Carbonfree Chemicals Holdings, LLC and Carbonfree Chemicals SA, LLC. AIC Pelican Holdings, LLC holds an equity investment in Pelican Energy, LLC. AP Surf Investments, LLC holds equity investments in Surf Opco, LLC. AIC SB Holdings LLC holds equity investments in Gainline Galaxy Holdngs LLC. Denotes investments in which the Company owns greater than 25 % of the equity, where the governing documents of each entity preclude the Company from exercising a controlling influence over the management or policies of such entity. The Company does not have the right to elect or appoint more than 25 % of the directors or another party has the right to elect or appoint more directors than the Company and has the right to appoint certain members of senior management. Therefore, the Company has determined that these entities are not controlled affiliates. As of March 31, 2022, we had a 100 % equity ownership interest in Golden Bear 2016-R, LLC, a collateralized loan obligation, and 26 % equity ownership interest in Carbonfree Chemicals SA LLC. Other than the investments noted by this footnote, the fair value of the Company’s investments is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 2 to the financial statements for more information regarding ASC 820, Fair Value Measurements (“ASC 820”). Investments that the Company has determined are not “qualifying assets” under Section 55(a) of the 1940 Act. Under the 1940 Act, we may not acquire any non-qualifying asset unless, at the time such acquisition is made, qualifying assets represent at least 70 % of our total assets. The status of these assets under the 1940 Act is subject to change. The Company monitors the status of these assets on an ongoing basis. As of September 30, 2022, non-qualifying assets represented approximately 6.70 % of the total assets of the Company. Preferred and ordinary shares in Solarplicity UK Holdings Limited are GBP denominated equity investments. Common shares in 1244311 B.C. Ltd. are CAD denominated equity investments. Denotes investments in which we are an “Affiliated Person,” as defined in the 1940 Act, due to holding the power to vote or owning 5 % or more of the outstanding voting securities of the investment but not controlling the company. Fair value as of March 31, 2021 and March 31, 2022 along with transactions during the year ended March 31, 2022 in these affiliated investments are as follows: Preferred and ordinary shares in Solarplicity UK Holdings Limited are GBP denominated equity investments. Common shares in 1244311 B.C. Ltd. are CAD denominated equity investments. The interest rate on these loans is subject to 6 months LIBOR, which as of September 30, 2022 was 4.23 % AIC Spotted Hawk Holdings, LLC, AIC SHD Holdings, LLC, AIC Pelican Holdings, LLC, AIC SB Holdings LLC and AP Surf Investments, LLC are wholly-owned special purpose vehicles which only hold investments of the underlying portfolio companies and have no other significant assets or liabilities. AIC Spotted Hawk Holdings, LLC holds equity and debt investments in SHD Oil & Gas, LLC. AIC SHD Holdings LLC holds equity investments in SHD Oil & Gas, LLC. and equity investments in both Carbonfree Chemicals Holdings, LLC and Carbonfree Chemicals SA, LLC. AIC Pelican Holdings, LLC holds an equity investment in Pelican Energy, LLC. AP Surf Investments, LLC holds equity investments in Surf Opco, LLC. AIC SB Holdings LLC holds equity investments in Gainline Galaxy Holdngs LLC. The interest rate on these loans is subject to 12 months LIBOR, which as of September 30, 2022 was 4.78 % The interest rate on these loans is subject to 6 months BBSW, which as of March 31, 2022 was 0.71 % The interest rate on these loans is subject to SONIA, which as of September 30, 2022 was 2.19 % The interest rate on these loans is subject to SONIA, which as of March 31, 2022 was 0.69 % Denotes investments in which the Company owns greater than 25 % of the equity, where the governing documents of each entity preclude the Company from exercising a controlling influence over the management or policies of such entity. The Company does not have the right to elect or appoint more than 25 % of the directors or another party has the right to elect or appoint more directors than the Company and has the right to appoint certain members of senior management. Therefore, the Company has determined that these entities are not controlled affiliates. As of September 30, 2022, we had a 100 % equity ownership interest in Golden Bear 2016-R, LLC, a collateralized loan obligation. The underlying investments of AIC SPV Holdings II, LLC is a securitization in which the Company owns preferred shares representing 14.25 % economic interest. The underlying investments of AIC SPV Holdings II, LLC is a securitization in which the Company owns preferred shares representing 14.25 % economic interest. Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Fair value as of March 31, 2022 and September 30, 2022 along with transactions during the six months ended September 30, 2022 in these controlled investments are as follows: Other than the investments noted by this footnote, the fair value of the Company’s investments is determined using unobservable inputs that are significant to the overall fair value measurement. See Note 2 to the financial statements for more information regarding ASC 820, Fair Value Measurements (“ASC 820”). The maturity date for this investment was November 15, 2021 . The investment is expected to be paid down in a series of payments subsequent to the stated maturity date. The maturity date for this investment was November 15, 2021 . The investment is expected to be paid down in a series of payments subsequent to the stated maturity date. As of September 30, 2022, MSEA Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-2 units which are identical except that Class A-1 unit is voting and Class A-2 unit is non-voting. The units entitle the Company to appoint two out of three managers to the board of managers. As of March 31, 2022, MSEA Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-2 units which are identical except that Class A-1 unit is voting and Class A-2 unit is non-voting. The units entitle the Company to appoint two out of three managers to the board of managers. A letter of credit associated with this investment has been issued through the Company’s Senior Secured Facility. In the event of draw of funds the related funding would be pro-rated for all existing lenders in the investment. As of September 30, 2022, Dynamic Product Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-3 units which are identical except that Class A-1 unit is voting and Class A-3 unit is non-voting. The units entitle the Company to appoint three out of five managers to the board of managers. As of March 31, 2022, Dynamic Product Tankers, LLC had various classes of limited liability interests outstanding of which the Company holds Class A-1 and Class A-3 units which are identical except that Class A-1 unit is voting and Class A-3 unit is non-voting. The units entitle the Company to appoint three out of five managers to the board of managers. |
CONSOLIDATED SCHEDULE OF INVE_2
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) (unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
Sep. 30, 2022 | Mar. 31, 2022 | |
Aggregate gross unrealized gain of federal income tax | $ 58,130 | $ 58,579 |
Aggregate gross unrealized loss of federal income tax | 336,156 | 303,980 |
Aggregate net unrealized loss of federal income tax | 278,026 | 245,401 |
Aggregate cost of federal income tax | $ 2,801,852 | $ 2,798,608 |
Percentage of non-qualifying assets | 6.70% | 11% |
Restricted securities fair value | $ 200,756 | $ 135,545 |
Restricted securities percent of net assets | 20% | 13.50% |
Sonar Entertainment | ||
Maturity Date | Nov. 15, 2021 | Nov. 15, 2021 |
Prime Rate | ||
Interest Rate | 6.25% | 3.50% |
1 Month LIBOR | ||
Interest Rate | 3.14% | 0.45% |
SONIA | ||
Interest Rate | 2.19% | 0.69% |
3 Month LIBOR | ||
Interest Rate | 3.75% | 0.96% |
6 Month LIBOR | ||
Interest Rate | 4.23% | 1.47% |
12 Month LIBOR | ||
Interest Rate | 4.78% | 2.10% |
1 Month SOFR | ||
Interest Rate | 3.04% | |
3 Month SOFR | ||
Interest Rate | 3.59% | |
6 Month SOFR | ||
Interest Rate | 3.99% | |
Bank Bill Swap Rate, BBSW | ||
Interest Rate | 0.71% | |
SOFR | ||
Interest Rate | 0.29% | |
Minimum | ||
Investment, ownership percentage | 25% | |
Percentage of qualifying assets | 70% | |
Affiliated Investments | ||
Ownership percentage of outstanding voting securities of investment | 5% | |
Affiliated Investments | Minimum | ||
Investment, ownership percentage | 25% | |
Ownership percentage of outstanding voting securities of investment | 5% | |
Controlled Investments | Minimum | ||
Ownership percentage of outstanding voting securities of investment | 25% | 25% |
Golden Bear 2016-R, LLC | ||
Investment, ownership percentage | 100% | 100% |
ChyronHego Corporation | ||
Investment, ownership percentage | 87% | 87% |
Dynamic Product Tankers, LLC | ||
Investment, ownership percentage | 85% | 85% |
Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | ||
Investment, ownership percentage | 96% | 96% |
Merx Aviation Finance, LLC | ||
Investment, ownership percentage | 100% | 100% |
MSEA Tankers LLC | ||
Investment, ownership percentage | 98% | 98% |
SHD Oil & Gas, LLC (f/k/a Spotted Hawk Development LLC) | ||
Investment, ownership percentage | 38% | 38% |
AIC SPV Holdings II, LLC | ||
Economic ownership percentage | 14.25% | 14.25% |
Carbonfree Chemicals S A L L C | ||
Investment, ownership percentage | 26% |
CONSOLIDATED SCHEDULE OF INVE_3
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Fair Value along with Transactions in Affiliated Investments - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Mar. 31, 2022 | |||
Net change in unrealized gains (losses) | $ (6,476) | $ (24,603) | $ 75,715 | |||
Net realized gains (losses) | (168) | 124 | (64,705) | |||
Affiliated Investments | ||||||
Fair Value, Beginning Balance | 63,709 | 50,874 | $ 50,874 | |||
Gross Additions | 26,112 | [1] | 1,374 | |||
Gross Reductions | (25,954) | [2] | (4,478) | |||
Net change in unrealized gains (losses) | (5,038) | 15,398 | ||||
Fair Value , Ending Balance | 58,829 | 58,829 | 63,709 | |||
Net realized gains (losses) | 541 | |||||
Interest/ Dividend/ Other Income | 676 | 1,551 | ||||
Affiliated Investments | 1244311 B.C. Ltd. | Term Loan | ||||||
Fair Value, Beginning Balance | 3,800 | 3,822 | 3,822 | |||
Gross Additions | 32 | [1] | 63 | |||
Gross Reductions | (15) | |||||
Net change in unrealized gains (losses) | (21) | (70) | ||||
Fair Value , Ending Balance | 3,811 | 3,811 | 3,800 | |||
Interest/ Dividend/ Other Income | 135 | 245 | ||||
Affiliated Investments | 1244311 B.C. Ltd. | Common Stock | ||||||
Fair Value, Beginning Balance | 976 | 1,719 | 1,719 | |||
Net change in unrealized gains (losses) | (557) | (743) | ||||
Fair Value , Ending Balance | 419 | 419 | 976 | |||
Affiliated Investments | AIC SPV Holdings II, LLC | Preferred Equity | ||||||
Fair Value, Beginning Balance | 355 | 498 | 498 | |||
Net change in unrealized gains (losses) | (355) | (143) | ||||
Fair Value , Ending Balance | 355 | |||||
Interest/ Dividend/ Other Income | 52 | 109 | ||||
Affiliated Investments | Carbonfree Chemicals Holdings L L C | Common Stock | ||||||
Fair Value, Beginning Balance | 42,117 | 25,424 | 25,424 | |||
Gross Additions | 25,075 | [1] | 904 | |||
Net change in unrealized gains (losses) | (26,213) | 15,789 | ||||
Fair Value , Ending Balance | 40,979 | 40,979 | 42,117 | |||
Net realized gains (losses) | 0 | |||||
Affiliated Investments | Carbonfree Chemicals S A L L C | Class B Units | ||||||
Gross Reductions | [2] | (25,074) | ||||
Net change in unrealized gains (losses) | 25,074 | |||||
Net realized gains (losses) | 0 | |||||
Affiliated Investments | Golden Bear 2016-R, LLC | Membership Interests | ||||||
Fair Value, Beginning Balance | 10,038 | 11,289 | 11,289 | |||
Gross Additions | 186 | |||||
Net change in unrealized gains (losses) | (1,290) | (1,437) | ||||
Fair Value , Ending Balance | 8,748 | 8,748 | 10,038 | |||
Interest/ Dividend/ Other Income | 480 | 1,181 | ||||
Affiliated Investments | GSC Technologies Inc. | Term Loan | ||||||
Fair Value, Beginning Balance | 192 | |||||
Gross Additions | 5 | [1] | 221 | |||
Gross Reductions | (15) | [2] | (15) | |||
Net change in unrealized gains (losses) | (14) | |||||
Fair Value , Ending Balance | 182 | 182 | 192 | |||
Interest/ Dividend/ Other Income | 9 | 16 | ||||
Affiliated Investments | Pelican Energy, LLC | Common Stock | ||||||
Fair Value, Beginning Balance | 630 | 2,170 | 2,170 | |||
Gross Reductions | (792) | [2] | 3,701 | |||
Net change in unrealized gains (losses) | 357 | 2,161 | ||||
Fair Value , Ending Balance | 195 | 195 | 630 | |||
Affiliated Investments | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Series B Preferred Stock | ||||||
Fair Value, Beginning Balance | 42 | 42 | ||||
Net change in unrealized gains (losses) | (42) | |||||
Affiliated Investments | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Series D Preferred Stock | ||||||
Fair Value, Beginning Balance | 28 | 28 | ||||
Net change in unrealized gains (losses) | (28) | |||||
Affiliated Investments | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Series E Preferred Stock | ||||||
Fair Value, Beginning Balance | 4,988 | 5,106 | 5,106 | |||
Net change in unrealized gains (losses) | (2,938) | (118) | ||||
Fair Value , Ending Balance | 2,050 | 2,050 | 4,988 | |||
Affiliated Investments | Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity | ||||||
Gross Additions | [1] | 1,000 | ||||
Net change in unrealized gains (losses) | 1,000 | |||||
Fair Value , Ending Balance | 2,000 | 2,000 | ||||
Affiliated Investments | Renew JV LLC | Membership Interests | ||||||
Fair Value, Beginning Balance | 613 | $ 776 | 776 | |||
Gross Reductions | (73) | [2] | (205) | |||
Net change in unrealized gains (losses) | (95) | 42 | ||||
Fair Value , Ending Balance | $ 445 | $ 445 | 613 | |||
Affiliated Investments | 9357-5991 Quebec Inc. | Term Loan | ||||||
Gross Reductions | (215) | |||||
Net realized gains (losses) | 215 | |||||
Affiliated Investments | KLO Acquistion LLC | ||||||
Gross Reductions | (327) | |||||
Net change in unrealized gains (losses) | 1 | |||||
Net realized gains (losses) | $ 326 | |||||
[1] Gross additions includes increases in the basis of investments resulting from new portfolio investments, payment-in-kind interest or dividends, the accretion of discounts, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the amortization of premiums, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. |
CONSOLIDATED SCHEDULE OF INVE_4
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Fair Value along with Transactions in Controlled Investments - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Sep. 30, 2022 | Sep. 30, 2022 | Sep. 30, 2021 | Mar. 31, 2022 | ||||
Net change in unrealized gains (losses) | $ (6,476) | $ (24,603) | $ 75,715 | ||||
Net realized gains (losses) | (168) | 124 | (64,705) | ||||
Controlled Investments | |||||||
Fair Value, Beginning Balance | 481,817 | 553,650 | $ 553,650 | ||||
Gross Additions | 116,049 | [1] | 143,545 | [2] | |||
Gross Reductions | (173,462) | [3] | (177,089) | [4] | |||
Net change in unrealized gains (losses) | (6,062) | 27,010 | |||||
Fair Value , Ending Balance | 418,342 | 418,342 | 481,817 | ||||
Net realized gains (losses) | (65,299) | ||||||
Interest/ Dividend/ Other Income | 20,064 | 38,454 | |||||
Controlled Investments | ChyronHego Corporation | Revolver | |||||||
Fair Value, Beginning Balance | 7,076 | 2,226 | 2,226 | ||||
Gross Additions | 1,789 | [1] | 4,750 | [2] | |||
Net change in unrealized gains (losses) | 15 | 100 | |||||
Fair Value , Ending Balance | 8,880 | 8,880 | 7,076 | ||||
Interest/ Dividend/ Other Income | 701 | 316 | |||||
Controlled Investments | ChyronHego Corporation | Term Loan | |||||||
Fair Value, Beginning Balance | 86,969 | 81,676 | 81,676 | ||||
Gross Additions | 3,357 | [1] | 5,230 | [2] | |||
Gross Reductions | (27) | [3] | (205) | [4] | |||
Net change in unrealized gains (losses) | (350) | 268 | |||||
Fair Value , Ending Balance | 89,949 | 89,949 | 86,969 | ||||
Interest/ Dividend/ Other Income | 3,768 | 6,692 | |||||
Controlled Investments | ChyronHego Corporation | Preferred Equity | |||||||
Fair Value, Beginning Balance | 15,553 | 6,151 | 6,151 | ||||
Net change in unrealized gains (losses) | 8,501 | 9,402 | |||||
Fair Value , Ending Balance | 24,054 | 24,054 | 15,553 | ||||
Controlled Investments | Dynamic Product Tankers, LLC | Term Loan | |||||||
Fair Value, Beginning Balance | 22,000 | 22,000 | |||||
Gross Reductions | [4] | (22,000) | |||||
Interest/ Dividend/ Other Income | 959 | ||||||
Controlled Investments | Dynamic Product Tankers, LLC | Common Stock | |||||||
Fair Value, Beginning Balance | 3,110 | 25,528 | 25,528 | ||||
Gross Reductions | (3,063) | [3] | (5,374) | [4] | |||
Net change in unrealized gains (losses) | (47) | (17,044) | |||||
Fair Value , Ending Balance | 3,110 | ||||||
Controlled Investments | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Term Loan | |||||||
Fair Value, Beginning Balance | 6,204 | 8,111 | 8,111 | ||||
Gross Additions | [1] | 203 | |||||
Gross Reductions | (7,620) | [3] | (8,542) | [4] | |||
Net change in unrealized gains (losses) | 1,253 | 27,561 | |||||
Fair Value , Ending Balance | 40 | 40 | 6,204 | ||||
Net realized gains (losses) | (20,926) | ||||||
Interest/ Dividend/ Other Income | 1,067 | ||||||
Controlled Investments | Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Common Stock | |||||||
Net change in unrealized gains (losses) | 5,796 | ||||||
Fair Value , Ending Balance | 5,796 | 5,796 | |||||
Controlled Investments | Merx Aviation Finance, LLC | Membership Interests | |||||||
Fair Value, Beginning Balance | 23,509 | 125,061 | 125,061 | ||||
Gross Additions | [1] | 110,700 | |||||
Gross Reductions | [4] | (84,500) | |||||
Net change in unrealized gains (losses) | (18,600) | (17,052) | |||||
Fair Value , Ending Balance | 115,609 | 115,609 | 23,509 | ||||
Controlled Investments | Merx Aviation Finance, LLC | Revolver | |||||||
Fair Value, Beginning Balance | 275,000 | 190,500 | 190,500 | ||||
Gross Additions | [2] | 89,500 | |||||
Gross Reductions | (125,000) | [3] | (5,000) | [4] | |||
Fair Value , Ending Balance | 150,000 | 150,000 | 275,000 | ||||
Interest/ Dividend/ Other Income | 12,815 | 25,419 | |||||
Controlled Investments | MSEA Tankers LLC | Series A Units | |||||||
Fair Value, Beginning Balance | 34,274 | 57,028 | 57,028 | ||||
Gross Reductions | (30,862) | [3] | (7,403) | [4] | |||
Net change in unrealized gains (losses) | 1,032 | (15,351) | |||||
Fair Value , Ending Balance | 4,444 | 4,444 | 34,274 | ||||
Interest/ Dividend/ Other Income | 2,059 | ||||||
Controlled Investments | SHD Oil & Gas, LLC | Tranche A Note | |||||||
Fair Value, Beginning Balance | 9,899 | 9,899 | |||||
Gross Reductions | [4] | (44,065) | |||||
Net change in unrealized gains (losses) | 34,159 | ||||||
Net realized gains (losses) | 7 | ||||||
Controlled Investments | SHD Oil & Gas, LLC | Tranche B Note | |||||||
Net change in unrealized gains (losses) | 44,380 | ||||||
Net realized gains (losses) | (44,380) | ||||||
Controlled Investments | SHD Oil & Gas, LLC | Tranche C Note | |||||||
Fair Value, Beginning Balance | 25,470 | $ 25,470 | 25,470 | ||||
Gross Reductions | [3] | (6,890) | |||||
Net change in unrealized gains (losses) | (206) | ||||||
Fair Value , Ending Balance | 18,374 | 18,374 | 25,470 | ||||
Interest/ Dividend/ Other Income | 1,713 | 3,009 | |||||
Controlled Investments | SHD Oil & Gas, LLC | Series C Units | |||||||
Fair Value, Beginning Balance | 4,652 | ||||||
Gross Additions | [2] | 44,065 | |||||
Net change in unrealized gains (losses) | (3,456) | (39,413) | |||||
Fair Value , Ending Balance | $ 1,196 | $ 1,196 | $ 4,652 | ||||
[1] Gross additions includes increases in the basis of investments resulting from new portfolio investments, payment-in-kind interest or dividends, the accretion of discounts, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. Gross additions includes increases in the basis of investments resulting from new portfolio investments, payment-in-kind interest or dividends, the accretion of discounts, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company into this category from a different category. Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the amortization of premiums, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the amortization of premiums, the exchange of one or more existing securities for one or more new securities and the movement of an existing portfolio company out of this category into a different category. |
CONSOLIDATED SCHEDULE OF INVE_5
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Commitments to Funds - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 | |||
Total Commitment | $ 669,485 | $ 871,829 | |||
Drawn Commitment | 262,813 | 385,209 | |||
Letter of Credit / Undrawn Commitment | 406,672 | 486,620 | |||
Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 39,523 | [1] | 31,188 | [2] | |
Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 367,149 | 455,432 | |||
A And V Holdings Midco L L C | |||||
Total Commitment | 1,505 | 1,505 | |||
Drawn Commitment | 452 | ||||
A And V Holdings Midco L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,053 | 1,505 | |||
AMI US Holdings Inc. | |||||
Total Commitment | 2,907 | 2,907 | |||
Drawn Commitment | 1,163 | ||||
AMI US Holdings Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,907 | 1,744 | |||
AQ Sunshine, Inc. | |||||
Total Commitment | 2,144 | 5,039 | |||
Drawn Commitment | 757 | 286 | |||
AQ Sunshine, Inc. | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 23 | [1] | 23 | [2] | |
AQ Sunshine, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,364 | 4,730 | |||
Activ Software Holdings, LLC | |||||
Total Commitment | 2,407 | 2,407 | |||
Activ Software Holdings, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,407 | 2,407 | |||
Alpinex Opco L L C | |||||
Total Commitment | 1,489 | 5,585 | |||
Drawn Commitment | 595 | ||||
Alpinex Opco L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 894 | 5,585 | |||
Analogic Corporation | |||||
Total Commitment | 1,826 | 1,826 | |||
Drawn Commitment | 1,513 | 1,304 | |||
Analogic Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 313 | 522 | |||
Banner Buyer, LLC | |||||
Total Commitment | 4,387 | 4,387 | |||
Drawn Commitment | 903 | 645 | |||
Banner Buyer, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,484 | 3,742 | |||
Beacon Mobility Corp | |||||
Total Commitment | 61,608 | 68,713 | |||
Drawn Commitment | 674 | ||||
Beacon Mobility Corp | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 31,577 | [1] | 28,335 | [2] | |
Beacon Mobility Corp | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 30,031 | 39,704 | |||
Berner Food & Beverage, LLC | |||||
Total Commitment | 2,881 | 2,881 | |||
Drawn Commitment | 1,585 | 1,325 | |||
Berner Food & Beverage, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,296 | 1,556 | |||
Bird US Opco, LLC | |||||
Total Commitment | 3,013 | 25,680 | |||
Bird US Opco, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,013 | 25,680 | |||
Carbon6 Technologies, Inc. | |||||
Total Commitment | 10,000 | ||||
Carbon6 Technologies, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 10,000 | ||||
Cerus Corporation | |||||
Total Commitment | 1,500 | 1,500 | |||
Drawn Commitment | 30 | 672 | |||
Cerus Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,470 | 828 | |||
ChyronHego Corporation | |||||
Total Commitment | 10,000 | 8,000 | |||
Drawn Commitment | 8,956 | 7,156 | |||
ChyronHego Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,044 | 844 | |||
Club Car Wash Operating, LLC | |||||
Total Commitment | 4,696 | 8,971 | |||
Club Car Wash Operating, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,696 | 8,971 | |||
Compu-Link Corporation | |||||
Total Commitment | 2,273 | 2,273 | |||
Compu-Link Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,273 | 2,273 | |||
Digital.ai Software Holdings, Inc. | |||||
Total Commitment | 2,419 | 2,419 | |||
Drawn Commitment | 565 | 806 | |||
Digital.ai Software Holdings, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,854 | 1,613 | |||
E H L Merger Sub L L C | |||||
Total Commitment | 4,155 | 4,155 | |||
E H L Merger Sub L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,155 | 4,155 | |||
Eldrickco Limited | |||||
Total Commitment | 5,177 | 6,088 | [3] | ||
Drawn Commitment | 397 | 467 | [3] | ||
Eldrickco Limited | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,780 | 5,621 | [3] | ||
EmpiRx Health LLC | |||||
Total Commitment | 909 | 909 | |||
EmpiRx Health LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [1] | 227 | |||
EmpiRx Health LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 682 | 909 | |||
Erickson Inc | |||||
Total Commitment | 32,250 | 36,000 | |||
Drawn Commitment | 24,391 | 27,388 | |||
Erickson Inc | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 843 | [1] | 960 | [2] | |
Erickson Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 7,016 | 7,652 | |||
FPG Services, LLC | |||||
Total Commitment | 6,093 | 6,810 | |||
FPG Services, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 6,093 | 6,810 | |||
First Heritage Credit, LLC | |||||
Total Commitment | 9,000 | ||||
Drawn Commitment | 1,160 | ||||
First Heritage Credit, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 7,840 | ||||
Forge Biologics, Inc. | |||||
Total Commitment | 13,333 | 23,334 | |||
Forge Biologics, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 13,333 | 23,334 | |||
GB001, Inc. | |||||
Total Commitment | 24,000 | 24,000 | |||
GB001, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 24,000 | 24,000 | |||
Gabriel Partners, LLC | |||||
Total Commitment | 665 | 665 | |||
Drawn Commitment | 133 | 133 | |||
Gabriel Partners, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 532 | 532 | |||
Gateway US Holdings, Inc. | |||||
Total Commitment | 696 | ||||
Drawn Commitment | 167 | ||||
Gateway US Holdings, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 529 | ||||
Go Car Wash Management Corp. | |||||
Total Commitment | 15,637 | 2,439 | |||
Go Car Wash Management Corp. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 15,637 | 2,439 | |||
Graffiti Buyer Inc | |||||
Total Commitment | 3,920 | 3,920 | |||
Drawn Commitment | 632 | 414 | |||
Graffiti Buyer Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,288 | 3,506 | |||
Guernsey Holdings S D I L A L L C | |||||
Total Commitment | 1,167 | 1,167 | |||
Guernsey Holdings S D I L A L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,167 | 1,167 | |||
Gutter Buyer Incorporated | |||||
Total Commitment | 2,727 | 2,727 | |||
Drawn Commitment | 1,364 | 2,045 | |||
Gutter Buyer Incorporated | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 143 | [1] | 94 | [2] | |
Gutter Buyer Incorporated | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,220 | 588 | |||
HRO (Hero Digital) Holdings, LLC | |||||
Total Commitment | 10,213 | 10,213 | |||
Drawn Commitment | 1,702 | ||||
HRO (Hero Digital) Holdings, LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 31 | [1] | 31 | [2] | |
HRO (Hero Digital) Holdings, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 8,480 | 10,182 | |||
HSI HALO Acquisition, Inc. | |||||
Total Commitment | 813 | 3,492 | |||
Drawn Commitment | 135 | 136 | |||
HSI HALO Acquisition, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 678 | 3,356 | |||
Heniff Holdco L L C | |||||
Total Commitment | 3,925 | 3,925 | |||
Drawn Commitment | 1,439 | 1,374 | |||
Heniff Holdco L L C | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [2] | 281 | |||
Heniff Holdco L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,486 | 2,270 | |||
High Street Buyer Inc | |||||
Total Commitment | 2,203 | 2,203 | |||
High Street Buyer Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,203 | 2,203 | |||
Hive Intermediate, LLC | |||||
Total Commitment | 2,326 | 2,326 | |||
Hive Intermediate, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,326 | 2,326 | |||
Home Renew Buyer. Inc. | |||||
Total Commitment | 4,576 | ||||
Drawn Commitment | 228 | ||||
Home Renew Buyer. Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,348 | ||||
IMA Group Management Company, LLC | |||||
Total Commitment | 2,799 | 4,277 | |||
Drawn Commitment | 202 | 260 | |||
IMA Group Management Company, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,597 | 4,017 | |||
JF Acquisition, LLC | |||||
Total Commitment | 1,569 | 1,569 | |||
Drawn Commitment | 753 | ||||
JF Acquisition, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 816 | 1,569 | |||
Jacent Strategic Merchandising | |||||
Total Commitment | 3,500 | 3,500 | |||
Drawn Commitment | 3,494 | 3,494 | |||
Jacent Strategic Merchandising | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 6 | 6 | |||
KDC US Holdings | |||||
Total Commitment | 6,020 | 6,020 | |||
Drawn Commitment | 810 | 692 | |||
KDC US Holdings | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 33 | [1] | 40 | [2] | |
KDC US Holdings | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 5,177 | 5,288 | |||
KL Charlie Acquisition Company | |||||
Total Commitment | 9,085 | 9,962 | |||
KL Charlie Acquisition Company | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 9,085 | 9,962 | |||
Kauffman Intermediate, LLC | |||||
Total Commitment | 1,243 | 1,243 | |||
Drawn Commitment | 233 | 311 | |||
Kauffman Intermediate, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,010 | 932 | |||
Keystone Acquisition Corp. | |||||
Total Commitment | 2,935 | 2,935 | |||
Keystone Acquisition Corp. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,935 | 2,935 | |||
Kindeva Drug Delivery L.P. | |||||
Total Commitment | 167 | 167 | |||
Drawn Commitment | 143 | 150 | |||
Kindeva Drug Delivery L.P. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 24 | 17 | |||
Kure Pain Holdings, Inc. | |||||
Total Commitment | 2,654 | 2,654 | |||
Kure Pain Holdings, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,654 | 2,654 | |||
LS Clinical Services Holdings, Inc. | |||||
Total Commitment | 1,875 | 1,875 | |||
Drawn Commitment | 563 | 281 | |||
LS Clinical Services Holdings, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,312 | 1,594 | |||
Lash OpCo, LLC | |||||
Total Commitment | 1,612 | 3,136 | |||
Drawn Commitment | 599 | ||||
Lash OpCo, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,013 | 3,136 | |||
Lending Point LLC | |||||
Total Commitment | 12,235 | 13,244 | |||
Drawn Commitment | 8,333 | 8,333 | |||
Lending Point LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,902 | 4,911 | |||
Lifelong Learner Holdings, LLC | |||||
Total Commitment | 2,985 | 2,985 | |||
Drawn Commitment | 2,982 | 2,982 | |||
Lifelong Learner Holdings, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3 | 3 | |||
Liqui-Box Holdings, Inc. | |||||
Total Commitment | 3,560 | 3,560 | |||
Drawn Commitment | 2,824 | 2,036 | |||
Liqui-Box Holdings, Inc. | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [2] | 79 | |||
Liqui-Box Holdings, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 736 | 1,445 | |||
Magnate Holding Corp. | |||||
Total Commitment | 3,150 | 3,150 | |||
Drawn Commitment | 3,150 | 3,150 | |||
Mannkind Corporation | |||||
Total Commitment | 30,000 | ||||
Mannkind Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 30,000 | ||||
Marlin DTC-LS Midco 2, LLC | |||||
Total Commitment | 685 | 685 | |||
Marlin DTC-LS Midco 2, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 685 | 685 | |||
Maxor National Pharmacy Services, LLC | |||||
Total Commitment | 1,558 | 1,558 | |||
Maxor National Pharmacy Services, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,558 | 1,558 | |||
Medical Guardian, LLC | |||||
Total Commitment | 8,571 | 8,572 | |||
Drawn Commitment | 933 | ||||
Medical Guardian, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 7,638 | 8,572 | |||
MEP-TS Midco, LLC | |||||
Total Commitment | 1,452 | 1,452 | |||
MEP-TS Midco, LLC | Drawn Commitment | |||||
Letter of Credit / Undrawn Commitment | 1,452 | ||||
MEP-TS Midco, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,452 | ||||
Merx Aviation Finance, LLC | |||||
Total Commitment | 154,677 | 275,177 | |||
Drawn Commitment | 150,000 | 275,000 | |||
Merx Aviation Finance, LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [1] | 4,677 | |||
Merx Aviation Finance, LLC | Drawn Commitment | |||||
Letter of Credit / Undrawn Commitment | 177 | ||||
Midwest Vision Partners Management, LLC | |||||
Total Commitment | 3,029 | 3,029 | |||
Drawn Commitment | 612 | 612 | |||
Midwest Vision Partners Management, LLC | Drawn Commitment | |||||
Letter of Credit / Undrawn Commitment | 2,417 | ||||
Midwest Vision Partners Management, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,417 | ||||
Momentx Corporation | |||||
Total Commitment | 1,257 | 1,257 | |||
Momentx Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,257 | 1,257 | |||
NW Entertainment, Inc. | |||||
Total Commitment | 3,078 | 3,078 | |||
Drawn Commitment | 3,078 | 3,078 | |||
Naviga Inc. (fka Newscycle Solutions, Inc.) | |||||
Total Commitment | 500 | 500 | |||
Drawn Commitment | 444 | 280 | |||
Naviga Inc. (fka Newscycle Solutions, Inc.) | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 56 | 220 | |||
Nemo (BC) Bidco Pty Ltd | |||||
Total Commitment | [3] | 174 | |||
Nemo (BC) Bidco Pty Ltd | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | [3] | 174 | |||
New Era Technology, Inc. | |||||
Total Commitment | 3,259 | 3,147 | |||
Drawn Commitment | 779 | 612 | |||
New Era Technology, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,480 | 2,535 | |||
Norvax L L C | |||||
Total Commitment | 3,182 | 3,182 | |||
Drawn Commitment | 2,466 | 2,466 | |||
Norvax L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 716 | 716 | |||
Orchard Therapeutics PLC | |||||
Total Commitment | 22,333 | 22,333 | |||
Orchard Therapeutics PLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 22,333 | 22,333 | |||
Ortega National Parks, LLC | |||||
Total Commitment | 8,251 | ||||
Ortega National Parks, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 8,251 | ||||
PHS Buyer, Inc. | |||||
Total Commitment | 2,000 | 2,000 | |||
Drawn Commitment | 1,000 | 400 | |||
PHS Buyer, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,000 | 1,600 | |||
Pace Health Companies, LLC | |||||
Total Commitment | 500 | 500 | |||
Pace Health Companies, LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 105 | [1] | 105 | [2] | |
Pace Health Companies, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 395 | 395 | |||
Paladone Group Bidco Limited | |||||
Total Commitment | 3,295 | 3,295 | |||
Drawn Commitment | 377 | ||||
Paladone Group Bidco Limited | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,918 | 3,295 | |||
Paladone Group Bidco Limited | |||||
Total Commitment | 394 | [4] | 464 | [3] | |
Paladone Group Bidco Limited | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 394 | [4] | 464 | [3] | |
Paragon 28, Inc. | |||||
Total Commitment | 4,500 | 4,500 | |||
Paragon 28, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,500 | 4,500 | |||
Partner Therapeutics, Inc | |||||
Total Commitment | 1,000 | 1,000 | |||
Partner Therapeutics, Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,000 | 1,000 | |||
Precision Refrigeration & Air Conditioning LLC | |||||
Total Commitment | 1,705 | 1,705 | |||
Precision Refrigeration & Air Conditioning LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,705 | 1,705 | |||
Premier Imaging, LLC | |||||
Total Commitment | 4,305 | 4,680 | |||
Premier Imaging, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,305 | 4,680 | |||
Pro Vigil Holding Company L L C | |||||
Total Commitment | 1,467 | 3,733 | |||
Pro Vigil Holding Company L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,467 | 3,733 | |||
Project Comfort Buyer, Inc. | |||||
Total Commitment | 3,462 | 3,462 | |||
Project Comfort Buyer, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,462 | 3,462 | |||
Protein For Pets Opco, LLC | |||||
Total Commitment | 2,219 | 2,219 | |||
Protein For Pets Opco, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,219 | 2,219 | |||
Purchasing Power Funding I, LLC | |||||
Total Commitment | 9,113 | 9,113 | |||
Drawn Commitment | 1,142 | ||||
Purchasing Power Funding I, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 9,113 | 7,971 | |||
Radius Health, Inc. | |||||
Total Commitment | 5,833 | ||||
Radius Health, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 5,833 | ||||
Roscoe Medical, Inc | |||||
Total Commitment | 1,393 | 1,393 | |||
Drawn Commitment | 1,393 | 819 | |||
Roscoe Medical, Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 574 | ||||
SI Holdings, Inc | |||||
Total Commitment | 3,413 | 3,413 | |||
Drawn Commitment | 768 | 427 | |||
SI Holdings, Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,645 | 2,986 | |||
Shelby 2021 Holdings Corp | |||||
Total Commitment | 1,980 | 2,436 | |||
Shelby 2021 Holdings Corp | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,980 | 2,436 | |||
Simeio Group Holdings Inc | |||||
Total Commitment | 1,731 | 1,731 | |||
Simeio Group Holdings Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,731 | 1,731 | |||
Sirsi Corporation | |||||
Total Commitment | 429 | 429 | |||
Sirsi Corporation | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 429 | 429 | |||
Sonar Entertainment, Inc. | |||||
Total Commitment | 1,604 | 1,604 | |||
Drawn Commitment | 1,294 | 1,604 | |||
Sonar Entertainment, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 310 | ||||
Springbrook Holding Company L L C | |||||
Total Commitment | 1,463 | 1,463 | |||
Springbrook Holding Company L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,463 | 1,463 | |||
Surf Opco, LLC | |||||
Total Commitment | 16,667 | 16,667 | |||
Drawn Commitment | 13,534 | 11,564 | |||
Surf Opco, LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 1,000 | [1] | 334 | [2] | |
Surf Opco, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,133 | 4,769 | |||
TELA Bio, Inc. | |||||
Total Commitment | 3,333 | ||||
TELA Bio, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,333 | ||||
TGG TS Acquisition Company | |||||
Total Commitment | 1,750 | 1,750 | |||
Drawn Commitment | 750 | ||||
TGG TS Acquisition Company | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,750 | 1,000 | |||
THLP CO. LLC | |||||
Total Commitment | 4,494 | 4,494 | |||
Drawn Commitment | 1,931 | 1,202 | |||
THLP CO. LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 79 | [1] | 79 | [2] | |
THLP CO. LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,484 | 3,213 | |||
Telesoft Holdings, LLC | |||||
Total Commitment | 2,273 | 2,273 | |||
Telesoft Holdings, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,273 | 2,273 | |||
Ten-X, LLC | |||||
Total Commitment | 4,680 | ||||
Ten-X, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 4,680 | ||||
The Emmes Company, LLC | |||||
Total Commitment | 2,449 | ||||
Drawn Commitment | 2,449 | ||||
Thomas Scientific L L C | |||||
Total Commitment | 2,963 | 8,148 | |||
Thomas Scientific L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,963 | 8,148 | |||
TissueTech, Inc. | |||||
Total Commitment | 6,250 | ||||
TissueTech, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 6,250 | ||||
Treace Medical Concepts, Inc. | |||||
Total Commitment | 23,417 | ||||
Drawn Commitment | 400 | ||||
Treace Medical Concepts, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 23,017 | ||||
Trench Plate Rental Co. | |||||
Total Commitment | 1,818 | ||||
Drawn Commitment | 591 | ||||
Trench Plate Rental Co. | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [1] | 106 | |||
Trench Plate Rental Co. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,121 | ||||
Truck-Lite Co., LLC | |||||
Total Commitment | 3,052 | 4,175 | |||
Drawn Commitment | 218 | 262 | |||
Truck-Lite Co., LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 99 | [1] | 81 | [2] | |
Truck-Lite Co., LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 2,735 | 3,832 | |||
Turbo Buyer, Inc. | |||||
Total Commitment | 923 | 923 | |||
Turbo Buyer, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 923 | 923 | |||
U.S. Auto Finance, Inc. | |||||
Total Commitment | 28,334 | 24,013 | |||
Drawn Commitment | 8,093 | 2,417 | |||
U.S. Auto Finance, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 20,241 | 21,596 | |||
USLS Acquisition, Inc. | |||||
Total Commitment | 1,608 | 1,608 | |||
Drawn Commitment | 563 | 750 | |||
USLS Acquisition, Inc. | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 75 | [1] | 94 | [2] | |
USLS Acquisition, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 970 | 764 | |||
Ultimate Baked Goods Midco LLC | |||||
Total Commitment | 3,243 | 3,243 | |||
Drawn Commitment | 2,270 | 2,027 | |||
Ultimate Baked Goods Midco LLC | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 365 | [1] | 365 | [2] | |
Ultimate Baked Goods Midco LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 608 | 851 | |||
Unchained Labs, LLC | |||||
Total Commitment | 3,290 | 5,565 | |||
Unchained Labs, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 3,290 | 5,565 | |||
Upstack Holdco Inc | |||||
Total Commitment | 6,600 | 6,600 | |||
Upstack Holdco Inc | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | 110 | [1] | 110 | [2] | |
Upstack Holdco Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 6,490 | 6,490 | |||
WellDyneRx, LLC | |||||
Total Commitment | 1,923 | 1,923 | |||
WellDyneRx, LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,923 | 1,923 | |||
Westfall Technik Inc | |||||
Total Commitment | 2,039 | 2,019 | |||
Drawn Commitment | 2,039 | 2,019 | |||
Wildcat BuyerCo, Inc. | |||||
Total Commitment | 725 | 1,854 | |||
Wildcat BuyerCo, Inc. | Letter of Credit | |||||
Letter of Credit / Undrawn Commitment | [1] | 30 | |||
Wildcat BuyerCo, Inc. | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | $ 695 | 1,854 | |||
Flock S P V I L L C | |||||
Total Commitment | 8,000 | ||||
Drawn Commitment | 1,867 | ||||
Flock S P V I L L C | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 6,133 | ||||
Papershop Holdco Inc | |||||
Total Commitment | 3,082 | ||||
Drawn Commitment | 1,524 | ||||
Papershop Holdco Inc | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | 1,558 | ||||
TNT Crust LLC | |||||
Total Commitment | 3,252 | ||||
Drawn Commitment | 3,101 | ||||
TNT Crust LLC | Undrawn commitment | |||||
Letter of Credit / Undrawn Commitment | $ 151 | ||||
[1] For all letters of credit issued and outstanding on September 30, 2022, $ 1,473 will expire in 2022 , $ 37,966 will expire in 2023 and $ 84 will expire in 2024 . For all letters of credit issued and outstanding on March 31, 2022, $ 1,910 will expire in 2022 , $ 29,263 will expire in 2023 and $ 15 will expire in 2024 . These investments are in a foreign currency and the total commitment has been converted to USD using the March 31, 2022 exchange rate. These investments are in a foreign currency and the total commitment has been converted to USD using the September 30, 2022 exchange rate. |
CONSOLIDATED SCHEDULE OF INVE_6
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Commitments to Funds (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Sep. 30, 2022 | Mar. 31, 2022 | |||
Unfunded commitments | $ 406,672 | $ 486,620 | ||
Letter of Credit | ||||
Unfunded commitments | $ 39,523 | [1] | $ 31,188 | [2] |
2022 | ||||
Letters of credit expiration year | 2022 | 2022 | ||
2022 | Letter of Credit | ||||
Unfunded commitments | $ 1,473 | $ 1,910 | ||
2023 | ||||
Letters of credit expiration year | 2023 | 2023 | ||
2023 | Letter of Credit | ||||
Unfunded commitments | $ 37,966 | $ 29,263 | ||
2024 | ||||
Letters of credit expiration year | 2024 | 2024 | ||
2024 | Letter of Credit | ||||
Unfunded commitments | $ 84 | $ 15 | ||
[1] For all letters of credit issued and outstanding on September 30, 2022, $ 1,473 will expire in 2022 , $ 37,966 will expire in 2023 and $ 84 will expire in 2024 . For all letters of credit issued and outstanding on March 31, 2022, $ 1,910 will expire in 2022 , $ 29,263 will expire in 2023 and $ 15 will expire in 2024 . |
CONSOLIDATED SCHEDULE OF INVE_7
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Acquisition Dates of Restricted Securities | 6 Months Ended | 12 Months Ended |
Sep. 30, 2022 | Mar. 31, 2022 | |
1244311 B.C. Ltd. | Common Stock | ||
Acquisition Date | Sep. 30, 2020 | Sep. 30, 2020 |
AIC SPV Holdings II, LLC | Preferred Equity | ||
Acquisition Date | Jun. 01, 2017 | Jun. 01, 2017 |
BSP-TS, LP | Common Stock | ||
Acquisition Date | Dec. 14, 2021 | Dec. 14, 2021 |
Carbon6 Technologies, Inc. | Preferred Equity | ||
Acquisition Date | Aug. 22, 2022 | |
Carbonfree Chemicals Holdings L L C | Common Stock | ||
Acquisition Date | Nov. 19, 2019 | |
Carbonfree Chemicals Holdings L L C | Common Equity - Membership Interests | ||
Acquisition Date | Nov. 19, 2019 | |
ChyronHego Corporation | Preferred Equity | ||
Acquisition Date | Dec. 29, 2020 | Dec. 29, 2020 |
Dynamic Product Tankers, LLC | Common Stock | ||
Acquisition Date | Apr. 08, 2015 | |
Dynamic Product Tankers, LLC | Common Stock | Series A Units | ||
Acquisition Date | Apr. 08, 2015 | |
FCP-Hive Holdings, LLC | Common Stock | ||
Acquisition Date | Sep. 22, 2021 | |
FCP-Hive Holdings, LLC | Preferred Equity | ||
Acquisition Date | Sep. 22, 2021 | |
Gainline Galaxy Holdings LLC | Common Stock | ||
Acquisition Date | Nov. 12, 2021 | Nov. 12, 2021 |
Glacier Oil & Gas Corp. (f/k/a Miller Energy Resources, Inc.) | Common Stock | ||
Acquisition Date | Mar. 29, 2016 | Mar. 29, 2016 |
Graffiti Parent L P | Common Stock | ||
Acquisition Date | Aug. 10, 2021 | |
HRO Holdings I LP | Common Stock | ||
Acquisition Date | Nov. 18, 2021 | Nov. 18, 2021 |
Mannkind Corporation | Common Stock | ||
Acquisition Date | Oct. 26, 2021 | |
Merx Aviation Finance, LLC | Common Stock | ||
Acquisition Date | Jul. 01, 2021 | |
Merx Aviation Finance, LLC | Common Equity - Membership Interests | ||
Acquisition Date | Jul. 01, 2021 | |
MSEA Tankers LLC | Common Stock | ||
Acquisition Date | Dec. 12, 2014 | |
MSEA Tankers LLC | Common Stock | Series A Units | ||
Acquisition Date | Dec. 12, 2014 | |
Owl Parent Holdings, LLC | Common Stock | ||
Acquisition Date | Feb. 04, 2022 | Feb. 04, 2022 |
Paladone Group Holdings Limited | Common Stock | ||
Acquisition Date | Nov. 12, 2021 | Nov. 12, 2021 |
Pelican Energy, LLC | Common Stock | ||
Acquisition Date | Mar. 28, 2012 | |
Pelican Energy, LLC | Common Equity - Membership Interests | ||
Acquisition Date | Mar. 28, 2012 | |
Project Comfort Buyer, Inc. | Preferred Equity | ||
Acquisition Date | May 16, 2022 | |
Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity | ||
Acquisition Date | Jul. 12, 2022 | |
Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity | Preferred Equity - Series E Preferred Stock | ||
Acquisition Date | Dec. 23, 2020 | Dec. 23, 2020 |
Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity | Preferred Equity - Series D Preferred Stock | ||
Acquisition Date | Oct. 01, 2015 | Oct. 01, 2015 |
Renew Financial LLC (f/k/a Renewable Funding, LLC) | Preferred Equity | Preferred Equity - Series B Preferred Stock | ||
Acquisition Date | Apr. 09, 2014 | Apr. 09, 2014 |
Renew JV LLC | Common Equity - Membership Interests | ||
Acquisition Date | Sep. 05, 2019 | Sep. 05, 2019 |
RMCF IV CIV XXXV, L.P. | Common Stock | ||
Acquisition Date | Jun. 08, 2021 | |
SHD Oil & Gas, LLC | Common Stock | Series A Units | ||
Acquisition Date | Nov. 18, 2016 | Nov. 18, 2016 |
SHD Oil & Gas, LLC | Common Stock | Common Class C | ||
Acquisition Date | Dec. 27, 2012 | Dec. 27, 2012 |
SMC IR Holdings, LLC | Common Stock | ||
Acquisition Date | Mar. 08, 2022 | Mar. 08, 2022 |
Trench Safety Solutions Holdings, LLC | Common Stock | Series A-1 | ||
Acquisition Date | Apr. 29, 2022 | |
Wm. Bolthouse Farms, Inc. | Common Equity - Equity Interest | ||
Acquisition Date | Jul. 28, 2022 | |
Carbonfree Chemicals S A L L C | Common Stock | ||
Acquisition Date | Nov. 01, 2019 |
CONSOLIDATED SCHEDULE OF INVE_8
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Composition of Portfolio at Cost by Control Designation, Investment Type and Industry - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 | |||
Investment cost | $ 2,718,826 | [1],[2],[3] | $ 2,745,829 | [4],[5],[6] | |
Preferred Equity | |||||
Investment cost | 42,432 | 41,152 | |||
Common Equity - Membership Interests | |||||
Investment cost | 385,152 | 309,990 | |||
Warrants - Warrants | |||||
Investment cost | 135 | 135 | |||
First Lien Secured Debt | |||||
Investment cost | 2,167,964 | 2,261,481 | |||
Second Lien Secured Debt | |||||
Investment cost | 106,145 | 116,073 | |||
Structured Products And Other | |||||
Investment cost | 16,998 | 16,998 | |||
Advertising, Printing & Publishing | |||||
Investment cost | 44,260 | [3] | 41,811 | [6] | |
Automotive | |||||
Investment cost | 83,886 | [3] | 78,032 | [6] | |
Aviation and Consumer Transport | |||||
Investment cost | 313,647 | [3] | 327,979 | [6] | |
Beverage, Food & Tobacco | |||||
Investment cost | 105,541 | [3] | 129,666 | [6] | |
Business Services | |||||
Investment cost | 277,822 | [3] | 283,313 | [6] | |
Chemicals Plastics And Rubber | |||||
Investment cost | 101,941 | [3] | 101,770 | [6] | |
Consumer Goods Durable | |||||
Investment cost | 26,092 | [3] | 21,082 | [6] | |
Consumer Goods – Non-durable | |||||
Investment cost | 77,276 | [3] | 77,271 | [6] | |
Consumer Services | |||||
Investment cost | 178,850 | [3] | 173,065 | [6] | |
Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Investment cost | 46,912 | [3] | 61,425 | [6] | |
Energy Electricity | |||||
Investment cost | 30,598 | [3] | 29,670 | [6] | |
Energy - Oil & Gas | |||||
Investment cost | 105,704 | [3] | 120,805 | [6] | |
Environmental Industries | |||||
Investment cost | [6] | 8,129 | |||
Healthcare & Pharmaceuticals | |||||
Investment cost | 437,446 | [3] | 404,041 | [6] | |
High Tech Industries | |||||
Investment cost | 396,669 | [3] | 384,798 | [6] | |
Hotel, Gaming, Leisure, Restaurants | |||||
Investment cost | 19,317 | [3] | 19,648 | [6] | |
Insurance | |||||
Investment cost | 82,930 | [3] | 79,842 | [6] | |
Manufacturing, Capital Equipment | |||||
Investment cost | 49,860 | [3] | 48,013 | [6] | |
Media – Diversified & Production | |||||
Investment cost | 35,641 | [3] | 40,598 | [6] | |
Retail | |||||
Investment cost | 31,281 | [3] | 31,040 | [6] | |
Telecommunications | |||||
Investment cost | 7,095 | [3] | 7,119 | [6] | |
Transportation - Cargo, Distribution | |||||
Investment cost | 112,358 | [3] | 139,864 | [6] | |
Utilities Electric | |||||
Investment cost | [3] | 14,606 | |||
Wholesale | |||||
Investment cost | 47,793 | [3] | 42,532 | [6] | |
Non-controlled/Non-affiliated Investments | |||||
Investment cost | 2,032,159 | 2,001,908 | |||
Non-controlled/Non-affiliated Investments | Preferred Equity | |||||
Investment cost | 19,085 | 18,805 | |||
Non-controlled/Non-affiliated Investments | Common Equity - Membership Interests | |||||
Investment cost | 9,939 | 10,687 | |||
Non-controlled/Non-affiliated Investments | Warrants - Warrants | |||||
Investment cost | 135 | 135 | |||
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | |||||
Investment cost | 1,896,896 | 1,863,666 | |||
Non-controlled/Non-affiliated Investments | Second Lien Secured Debt | |||||
Investment cost | 106,104 | 108,615 | |||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | |||||
Investment cost | 44,260 | 41,811 | |||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | Common Equity - Membership Interests | |||||
Investment cost | 432 | 432 | |||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | First Lien Secured Debt | |||||
Investment cost | 43,828 | 41,379 | |||
Non-controlled/Non-affiliated Investments | Aerospace & Defense | |||||
Investment cost | 24,354 | 27,378 | |||
Non-controlled/Non-affiliated Investments | Aerospace & Defense | First Lien Secured Debt | |||||
Investment cost | 24,354 | 27,378 | |||
Non-controlled/Non-affiliated Investments | Automotive | |||||
Investment cost | 83,886 | 78,032 | |||
Non-controlled/Non-affiliated Investments | Automotive | Common Equity - Membership Interests | |||||
Investment cost | 350 | 350 | |||
Non-controlled/Non-affiliated Investments | Automotive | First Lien Secured Debt | |||||
Investment cost | 59,915 | 54,077 | |||
Non-controlled/Non-affiliated Investments | Automotive | Second Lien Secured Debt | |||||
Investment cost | 23,621 | 23,605 | |||
Non-controlled/Non-affiliated Investments | Aviation and Consumer Transport | |||||
Investment cost | 17,147 | 17,179 | |||
Non-controlled/Non-affiliated Investments | Aviation and Consumer Transport | First Lien Secured Debt | |||||
Investment cost | 17,147 | 17,179 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | |||||
Investment cost | 105,541 | 129,666 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | Preferred Equity | |||||
Investment cost | 448 | 448 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | Common Equity - Membership Interests | |||||
Investment cost | 1,409 | 2,208 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | First Lien Secured Debt | |||||
Investment cost | 103,684 | 127,010 | |||
Non-controlled/Non-affiliated Investments | Business Services | |||||
Investment cost | 277,822 | 283,313 | |||
Non-controlled/Non-affiliated Investments | Business Services | Preferred Equity | |||||
Investment cost | 89 | 89 | |||
Non-controlled/Non-affiliated Investments | Business Services | Common Equity - Membership Interests | |||||
Investment cost | 1,940 | 1,890 | |||
Non-controlled/Non-affiliated Investments | Business Services | First Lien Secured Debt | |||||
Investment cost | 208,368 | 213,118 | |||
Non-controlled/Non-affiliated Investments | Business Services | Second Lien Secured Debt | |||||
Investment cost | 67,425 | 68,216 | |||
Non-controlled/Non-affiliated Investments | Chemicals Plastics And Rubber | |||||
Investment cost | 23,212 | 23,041 | |||
Non-controlled/Non-affiliated Investments | Chemicals Plastics And Rubber | First Lien Secured Debt | |||||
Investment cost | 23,212 | 23,041 | |||
Non-controlled/Non-affiliated Investments | Construction And Building | |||||
Investment cost | 30,621 | 30,616 | |||
Non-controlled/Non-affiliated Investments | Construction And Building | Common Equity - Membership Interests | |||||
Investment cost | 500 | 500 | |||
Non-controlled/Non-affiliated Investments | Construction And Building | First Lien Secured Debt | |||||
Investment cost | 30,121 | 30,116 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | |||||
Investment cost | 20,806 | 15,819 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | Common Equity - Membership Interests | |||||
Investment cost | 107 | 107 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | First Lien Secured Debt | |||||
Investment cost | 20,699 | 15,712 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | |||||
Investment cost | 77,276 | 77,271 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Preferred Equity | |||||
Investment cost | 492 | 462 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Common Equity - Membership Interests | |||||
Investment cost | 2,135 | 2,134 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | First Lien Secured Debt | |||||
Investment cost | 74,649 | 72,959 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Second Lien Secured Debt | |||||
Investment cost | 1,716 | ||||
Non-controlled/Non-affiliated Investments | Consumer Services | |||||
Investment cost | 178,850 | 173,065 | |||
Non-controlled/Non-affiliated Investments | Consumer Services | First Lien Secured Debt | |||||
Investment cost | 178,850 | 173,065 | |||
Non-controlled/Non-affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Investment cost | 29,914 | 44,427 | |||
Non-controlled/Non-affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | First Lien Secured Debt | |||||
Investment cost | 29,914 | 44,427 | |||
Non-controlled/Non-affiliated Investments | Education | |||||
Investment cost | 36,326 | 36,322 | |||
Non-controlled/Non-affiliated Investments | Education | First Lien Secured Debt | |||||
Investment cost | 36,326 | 36,322 | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | |||||
Investment cost | 12,858 | 12,858 | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | Preferred Equity | |||||
Investment cost | 5,623 | 5,623 | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | Common Equity - Membership Interests | |||||
Investment cost | 4 | 4 | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | First Lien Secured Debt | |||||
Investment cost | 7,231 | 7,231 | |||
Non-controlled/Non-affiliated Investments | Environmental Industries | |||||
Investment cost | 8,129 | ||||
Non-controlled/Non-affiliated Investments | Environmental Industries | First Lien Secured Debt | |||||
Investment cost | 8,129 | ||||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | |||||
Investment cost | 437,446 | 404,041 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Preferred Equity | |||||
Investment cost | 583 | 333 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Common Equity - Membership Interests | |||||
Investment cost | 1,015 | 1,015 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Warrants - Warrants | |||||
Investment cost | 135 | 135 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | First Lien Secured Debt | |||||
Investment cost | 435,713 | 402,558 | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | |||||
Investment cost | 291,725 | 284,974 | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | Common Equity - Membership Interests | |||||
Investment cost | 1,000 | 1,000 | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | First Lien Secured Debt | |||||
Investment cost | 290,725 | 283,974 | |||
Non-controlled/Non-affiliated Investments | Hotel, Gaming, Leisure, Restaurants | |||||
Investment cost | 19,317 | 19,648 | |||
Non-controlled/Non-affiliated Investments | Hotel, Gaming, Leisure, Restaurants | First Lien Secured Debt | |||||
Investment cost | 19,317 | 19,648 | |||
Non-controlled/Non-affiliated Investments | Insurance | |||||
Investment cost | 82,930 | 79,842 | |||
Non-controlled/Non-affiliated Investments | Insurance | First Lien Secured Debt | |||||
Investment cost | 82,930 | 79,842 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | |||||
Investment cost | 49,860 | 48,013 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Preferred Equity | |||||
Investment cost | 11,850 | 11,850 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Common Equity - Membership Interests | |||||
Investment cost | 249 | 250 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | First Lien Secured Debt | |||||
Investment cost | 29,798 | 27,954 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Second Lien Secured Debt | |||||
Investment cost | 7,963 | 7,959 | |||
Non-controlled/Non-affiliated Investments | Media – Diversified & Production | |||||
Investment cost | 35,641 | 40,598 | |||
Non-controlled/Non-affiliated Investments | Media – Diversified & Production | First Lien Secured Debt | |||||
Investment cost | 35,641 | 40,598 | |||
Non-controlled/Non-affiliated Investments | Retail | |||||
Investment cost | 31,281 | 31,040 | |||
Non-controlled/Non-affiliated Investments | Retail | First Lien Secured Debt | |||||
Investment cost | 31,281 | 31,040 | |||
Non-controlled/Non-affiliated Investments | Telecommunications | |||||
Investment cost | 7,095 | 7,119 | |||
Non-controlled/Non-affiliated Investments | Telecommunications | Second Lien Secured Debt | |||||
Investment cost | 7,095 | 7,119 | |||
Non-controlled/Non-affiliated Investments | Transportation - Cargo, Distribution | |||||
Investment cost | 51,592 | 45,174 | |||
Non-controlled/Non-affiliated Investments | Transportation - Cargo, Distribution | First Lien Secured Debt | |||||
Investment cost | 51,592 | 45,174 | |||
Non-controlled/Non-affiliated Investments | Utilities Electric | |||||
Investment cost | 14,606 | ||||
Non-controlled/Non-affiliated Investments | Utilities Electric | First Lien Secured Debt | |||||
Investment cost | 14,606 | ||||
Non-controlled/Non-affiliated Investments | Wholesale | |||||
Investment cost | 47,793 | 42,532 | |||
Non-controlled/Non-affiliated Investments | Wholesale | Common Equity - Membership Interests | |||||
Investment cost | 798 | 797 | |||
Non-controlled/Non-affiliated Investments | Wholesale | First Lien Secured Debt | |||||
Investment cost | 46,995 | 41,735 | |||
Non-controlled/Affiliated Investments | |||||
Investment cost | 131,024 | 130,866 | |||
Non-controlled/Affiliated Investments | Preferred Equity | |||||
Investment cost | 17,347 | 16,347 | |||
Non-controlled/Affiliated Investments | Common Equity - Membership Interests | |||||
Investment cost | 92,393 | 93,258 | |||
Non-controlled/Affiliated Investments | First Lien Secured Debt | |||||
Investment cost | 4,286 | 4,263 | |||
Non-controlled/Affiliated Investments | Structured Products And Other | |||||
Investment cost | 16,998 | 16,998 | |||
Non-controlled/Affiliated Investments | Chemicals Plastics And Rubber | |||||
Investment cost | 78,729 | 78,729 | |||
Non-controlled/Affiliated Investments | Chemicals Plastics And Rubber | Common Equity - Membership Interests | |||||
Investment cost | 78,729 | 78,729 | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | |||||
Investment cost | 5,286 | 5,263 | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | Common Equity - Membership Interests | |||||
Investment cost | 1,000 | 1,000 | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | First Lien Secured Debt | |||||
Investment cost | 4,286 | 4,263 | |||
Non-controlled/Affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Investment cost | 16,998 | 16,998 | |||
Non-controlled/Affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | Structured Products And Other | |||||
Investment cost | 16,998 | 16,998 | |||
Non-controlled/Affiliated Investments | Energy Electricity | |||||
Investment cost | 17,740 | 16,814 | |||
Non-controlled/Affiliated Investments | Energy Electricity | Preferred Equity | |||||
Investment cost | 17,347 | 16,347 | |||
Non-controlled/Affiliated Investments | Energy Electricity | Common Equity - Membership Interests | |||||
Investment cost | 393 | 467 | |||
Non-controlled/Affiliated Investments | Energy - Oil & Gas | |||||
Investment cost | 12,271 | 13,062 | |||
Non-controlled/Affiliated Investments | Energy - Oil & Gas | Common Equity - Membership Interests | |||||
Investment cost | 12,271 | 13,062 | |||
Controlled Investments | |||||
Investment cost | 555,643 | 613,055 | |||
Controlled Investments | Preferred Equity | |||||
Investment cost | 6,000 | 6,000 | |||
Controlled Investments | Common Equity - Membership Interests | |||||
Investment cost | 282,820 | 206,045 | |||
Controlled Investments | First Lien Secured Debt | |||||
Investment cost | 266,782 | 393,552 | |||
Controlled Investments | Second Lien Secured Debt | |||||
Investment cost | 41 | 7,458 | |||
Controlled Investments | Aviation and Consumer Transport | |||||
Investment cost | 296,500 | 310,800 | |||
Controlled Investments | Aviation and Consumer Transport | Common Equity - Membership Interests | |||||
Investment cost | 146,500 | 35,800 | |||
Controlled Investments | Aviation and Consumer Transport | First Lien Secured Debt | |||||
Investment cost | 150,000 | 275,000 | |||
Controlled Investments | Energy - Oil & Gas | |||||
Investment cost | 93,433 | 107,741 | |||
Controlled Investments | Energy - Oil & Gas | Common Equity - Membership Interests | |||||
Investment cost | 75,554 | 75,555 | |||
Controlled Investments | Energy - Oil & Gas | First Lien Secured Debt | |||||
Investment cost | 17,838 | 24,728 | |||
Controlled Investments | Energy - Oil & Gas | Second Lien Secured Debt | |||||
Investment cost | 41 | 7,458 | |||
Controlled Investments | High Tech Industries | |||||
Investment cost | 104,944 | 99,824 | |||
Controlled Investments | High Tech Industries | Preferred Equity | |||||
Investment cost | 6,000 | 6,000 | |||
Controlled Investments | High Tech Industries | First Lien Secured Debt | |||||
Investment cost | 98,944 | 93,824 | |||
Controlled Investments | Transportation - Cargo, Distribution | |||||
Investment cost | 60,766 | 94,690 | |||
Controlled Investments | Transportation - Cargo, Distribution | Common Equity - Membership Interests | |||||
Investment cost | $ 60,766 | $ 94,690 | |||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2022: Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Non-Controlled / Non-Affiliated Investments Advertising, Printing & Publishing $ 43,828 $ — $ — $ — $ — $ 432 $ — $ 44,260 Aerospace & Defense 24,354 — — — — — — 24,354 Automotive 59,915 23,621 — — — 350 — 83,886 Aviation and Consumer Transport 17,147 — — — — — — 17,147 Beverage, Food & Tobacco 103,684 — — — 448 1,409 — 105,541 Business Services 208,368 67,425 — — 89 1,940 — 277,822 Chemicals, Plastics & Rubber 23,212 — — — — — — 23,212 Construction & Building 30,121 — — — — 500 — 30,621 Consumer Goods – Durable 20,699 — — — — 107 — 20,806 Consumer Goods – Non-durable 74,649 — — — 492 2,135 — 77,276 Consumer Services 178,850 — — — — — — 178,850 Diversified Investment Vehicles, Banking, Finance, Real Estate 29,914 — — — — — — 29,914 Education 36,326 — — — — — — 36,326 Energy – Electricity 7,231 — — — 5,623 4 — 12,858 Healthcare & Pharmaceuticals 435,713 — — — 583 1,015 135 437,446 High Tech Industries 290,725 — — — — 1,000 — 291,725 Hotel, Gaming, Leisure, Restaurants 19,317 — — — — — — 19,317 Insurance 82,930 — — — — — — 82,930 Manufacturing, Capital Equipment 29,798 7,963 — — 11,850 249 — 49,860 Media – Diversified & Production 35,641 — — — — — — 35,641 Retail 31,281 — — — — — — 31,281 Telecommunications — 7,095 — — — — — 7,095 Transportation – Cargo, Distribution 51,592 — — — — — — 51,592 Utilities – Electric 14,606 — — — — — — 14,606 Wholesale 46,995 — — — — 798 — 47,793 Total Non-Controlled / $ 1,896,896 $ 106,104 $ — $ — $ 19,085 $ 9,939 $ 135 $ 2,032,159 Non-Controlled / Affiliated Investments Chemicals, Plastics & Rubber $ — $ — $ — $ — $ — $ 78,729 $ — $ 78,729 Consumer Goods - Durable 4,286 — — — — 1,000 — 5,286 Diversified Investment Vehicles, Banking, Finance, Real Estate — — — 16,998 — — — 16,998 Energy – Electricity — — — — 17,347 393 — 17,740 Energy – Oil & Gas — — — — — 12,271 — 12,271 Total Non-Controlled / Affiliated Investments $ 4,286 $ — $ — $ 16,998 $ 17,347 $ 92,393 $ — $ 131,024 See notes to financial statements. 26 Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Controlled Investments Aviation and Consumer Transport $ 150,000 $ — $ — $ — $ — $ 146,500 $ — $ 296,500 Energy – Oil & Gas 17,838 41 — — — 75,554 — 93,433 High Tech Industries 98,944 — — — 6,000 — — 104,944 Transportation – Cargo, Distribution — — — — — 60,766 — 60,766 Total Controlled Investments $ 266,782 $ 41 $ — $ — $ 6,000 $ 282,820 $ — $ 555,643 Total $ 2,167,964 $ 106,145 $ — $ 16,998 $ 42,432 $ 385,152 $ 135 $ 2,718,826 See notes to financial statements. 27 (35) Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of March 31, 2022: |
CONSOLIDATED SCHEDULE OF INVE_9
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Composition of Portfolio at Fair Value by Control Designation, Investment Type and Industry - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 | |||
Total investments at fair value | $ 2,463,545 | [1],[2],[3],[4] | $ 2,523,173 | [5],[6],[7] | |
% of Net Assets | 243.67% | 251% | |||
Preferred Equity | |||||
Total investments at fair value | $ 38,765 | $ 30,162 | |||
% of Net Assets | 3.83% | 2.90% | |||
Common Equity - Membership Interests | |||||
Total investments at fair value | $ 184,302 | $ 125,524 | |||
% of Net Assets | 18.23% | 12.50% | |||
Warrants - Warrants | |||||
Total investments at fair value | $ 80 | $ 99 | |||
% of Net Assets | 0.01% | 0% | |||
First Lien Secured Debt | |||||
Total investments at fair value | $ 2,146,200 | $ 2,259,506 | |||
% of Net Assets | 212.28% | 224.90% | |||
Second Lien Secured Debt | |||||
Total investments at fair value | $ 85,450 | $ 97,844 | |||
% of Net Assets | 8.45% | 9.70% | |||
Unsecured Debt | |||||
% of Net Assets | 0% | ||||
Structured Products And Other | |||||
Total investments at fair value | $ 8,748 | $ 10,038 | |||
% of Net Assets | 0.87% | 1% | |||
Advertising, Printing & Publishing | |||||
Total investments at fair value | $ 44,113 | [2],[4] | $ 42,282 | [7],[8] | |
Automotive | |||||
Total investments at fair value | 72,873 | [2],[4] | 73,449 | [7],[8] | |
Aviation and Consumer Transport | |||||
Total investments at fair value | 282,813 | [2],[4] | 315,780 | [7],[8] | |
Beverage, Food & Tobacco | |||||
Total investments at fair value | 105,582 | [2],[4] | 130,342 | [7],[8] | |
Business Services | |||||
Total investments at fair value | 264,166 | [4] | 270,237 | [7],[8] | |
Chemicals Plastics And Rubber | |||||
Total investments at fair value | 63,668 | [2],[4] | 64,903 | [7],[8] | |
Consumer Goods Durable | |||||
Total investments at fair value | 25,604 | [2],[4] | 21,331 | [7],[8] | |
Consumer Goods – Non-durable | |||||
Total investments at fair value | 76,313 | [2],[4] | 76,886 | [7],[8] | |
Consumer Services | |||||
Total investments at fair value | 176,890 | [2],[4] | 174,245 | [7],[8] | |
Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Total investments at fair value | 38,500 | [2],[4] | 54,641 | [7],[8] | |
Energy Electricity | |||||
Total investments at fair value | 6,207 | [2],[4] | 7,830 | [7],[8] | |
Environmental Industries | |||||
Total investments at fair value | [7],[8] | 8,226 | |||
Healthcare & Pharmaceuticals | |||||
Total investments at fair value | 439,462 | [2],[4] | 406,297 | [7],[8] | |
High Tech Industries | |||||
Total investments at fair value | 413,371 | [2],[4] | 395,561 | [7],[8] | |
Hotel, Gaming, Leisure, Restaurants | |||||
Total investments at fair value | 19,276 | [2],[4] | 19,643 | [7],[8] | |
Insurance | |||||
Total investments at fair value | 82,675 | [2],[4] | 80,147 | [7],[8] | |
Manufacturing, Capital Equipment | |||||
Total investments at fair value | 46,622 | [2],[4] | 43,641 | [7],[8] | |
Media – Diversified & Production | |||||
Total investments at fair value | 35,366 | [2],[4] | 40,146 | [7],[8] | |
Retail | |||||
Total investments at fair value | 31,264 | [2],[4] | 31,184 | [7] | |
Telecommunications | |||||
Total investments at fair value | 6,629 | [2],[4] | 6,843 | [7] | |
Transportation - Cargo, Distribution | |||||
Total investments at fair value | 56,065 | [2],[4] | 82,325 | [7] | |
Utilities Electric | |||||
Total investments at fair value | [2] | 14,588 | |||
Wholesale | |||||
Total investments at fair value | 47,900 | [2],[4] | 42,784 | [7] | |
Energy - Oil & Gas | |||||
Total investments at fair value | 25,601 | [2],[4] | 36,956 | [7],[8] | |
Non-controlled/Non-affiliated Investments | |||||
Total investments at fair value | $ 1,986,374 | $ 1,977,647 | |||
% of Net Assets | 196.47% | 196.80% | |||
Non-controlled/Non-affiliated Investments | Preferred Equity | |||||
Total investments at fair value | $ 10,661 | $ 9,266 | |||
% of Net Assets | 1.05% | 0.90% | |||
Non-controlled/Non-affiliated Investments | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 15,219 | $ 15,643 | |||
% of Net Assets | 1.51% | 1.60% | |||
Non-controlled/Non-affiliated Investments | Warrants - Warrants | |||||
Total investments at fair value | $ 80 | $ 99 | |||
% of Net Assets | 0.01% | ||||
Non-controlled/Non-affiliated Investments | First Lien Secured Debt | |||||
Total investments at fair value | $ 1,875,004 | $ 1,860,999 | |||
% of Net Assets | 185.45% | 185.20% | |||
Non-controlled/Non-affiliated Investments | Second Lien Secured Debt | |||||
Total investments at fair value | $ 85,410 | $ 91,640 | |||
% of Net Assets | 8.45% | 9.10% | |||
Non-controlled/Non-affiliated Investments | Unsecured Debt | |||||
% of Net Assets | 0% | ||||
Non-controlled/Non-affiliated Investments | Structured Products And Other | |||||
% of Net Assets | 0% | ||||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | |||||
Total investments at fair value | $ 44,113 | $ 42,282 | |||
% of Net Assets | 4.36% | 4.20% | |||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 471 | $ 565 | |||
Non-controlled/Non-affiliated Investments | Advertising, Printing & Publishing | First Lien Secured Debt | |||||
Total investments at fair value | 43,642 | 41,717 | |||
Non-controlled/Non-affiliated Investments | Aerospace & Defense | |||||
Total investments at fair value | $ 24,069 | $ 27,027 | |||
% of Net Assets | 2.38% | 2.70% | |||
Non-controlled/Non-affiliated Investments | Aerospace & Defense | Common Equity - Membership Interests | |||||
Total investments at fair value | |||||
Non-controlled/Non-affiliated Investments | Aerospace & Defense | First Lien Secured Debt | |||||
Total investments at fair value | $ 24,069 | 27,027 | |||
Non-controlled/Non-affiliated Investments | Automotive | |||||
Total investments at fair value | $ 72,873 | $ 73,449 | |||
% of Net Assets | 7.21% | 7.30% | |||
Non-controlled/Non-affiliated Investments | Automotive | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 379 | $ 420 | |||
Non-controlled/Non-affiliated Investments | Automotive | First Lien Secured Debt | |||||
Total investments at fair value | 58,259 | 53,304 | |||
Non-controlled/Non-affiliated Investments | Automotive | Second Lien Secured Debt | |||||
Total investments at fair value | 14,235 | 19,725 | |||
Non-controlled/Non-affiliated Investments | Aviation and Consumer Transport | |||||
Total investments at fair value | $ 17,204 | $ 17,271 | |||
% of Net Assets | 1.70% | 1.70% | |||
Non-controlled/Non-affiliated Investments | Aviation and Consumer Transport | Common Equity - Membership Interests | |||||
Total investments at fair value | |||||
Non-controlled/Non-affiliated Investments | Aviation and Consumer Transport | First Lien Secured Debt | |||||
Total investments at fair value | $ 17,204 | 17,271 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | |||||
Total investments at fair value | $ 105,582 | $ 130,342 | |||
% of Net Assets | 10.44% | 13% | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | Preferred Equity | |||||
Total investments at fair value | $ 339 | $ 484 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | Common Equity - Membership Interests | |||||
Total investments at fair value | 2,327 | 3,081 | |||
Non-controlled/Non-affiliated Investments | Beverage, Food & Tobacco | First Lien Secured Debt | |||||
Total investments at fair value | 102,916 | 126,777 | |||
Non-controlled/Non-affiliated Investments | Business Services | |||||
Total investments at fair value | $ 264,166 | $ 270,237 | |||
% of Net Assets | 26.13% | 26.90% | |||
Non-controlled/Non-affiliated Investments | Business Services | Preferred Equity | |||||
Total investments at fair value | $ 89 | $ 89 | |||
Non-controlled/Non-affiliated Investments | Business Services | Common Equity - Membership Interests | |||||
Total investments at fair value | 2,626 | 2,483 | |||
Non-controlled/Non-affiliated Investments | Business Services | First Lien Secured Debt | |||||
Total investments at fair value | 204,677 | 212,157 | |||
Non-controlled/Non-affiliated Investments | Business Services | Second Lien Secured Debt | |||||
Total investments at fair value | 56,774 | 55,508 | |||
Non-controlled/Non-affiliated Investments | Chemicals Plastics And Rubber | |||||
Total investments at fair value | $ 22,689 | $ 22,786 | |||
% of Net Assets | 2.24% | 2.30% | |||
Non-controlled/Non-affiliated Investments | Chemicals Plastics And Rubber | Common Equity - Membership Interests | |||||
Total investments at fair value | |||||
Non-controlled/Non-affiliated Investments | Chemicals Plastics And Rubber | First Lien Secured Debt | |||||
Total investments at fair value | $ 22,689 | 22,786 | |||
Non-controlled/Non-affiliated Investments | Construction And Building | |||||
Total investments at fair value | $ 30,747 | $ 31,408 | |||
% of Net Assets | 3.04% | 3.10% | |||
Non-controlled/Non-affiliated Investments | Construction And Building | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 908 | $ 1,226 | |||
Non-controlled/Non-affiliated Investments | Construction And Building | First Lien Secured Debt | |||||
Total investments at fair value | 29,839 | 30,182 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | |||||
Total investments at fair value | $ 21,192 | $ 16,363 | |||
% of Net Assets | 2.10% | 1.60% | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 504 | $ 505 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods Durable | First Lien Secured Debt | |||||
Total investments at fair value | 20,688 | 15,858 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | |||||
Total investments at fair value | $ 76,313 | $ 76,886 | |||
% of Net Assets | 7.55% | 7.70% | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Preferred Equity | |||||
Total investments at fair value | $ 24 | $ 37 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Common Equity - Membership Interests | |||||
Total investments at fair value | 1,511 | 2,018 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | First Lien Secured Debt | |||||
Total investments at fair value | 74,539 | 72,874 | |||
Non-controlled/Non-affiliated Investments | Consumer Goods – Non-durable | Second Lien Secured Debt | |||||
Total investments at fair value | 239 | 1,957 | |||
Non-controlled/Non-affiliated Investments | Consumer Services | |||||
Total investments at fair value | $ 176,890 | $ 174,245 | |||
% of Net Assets | 17.50% | 17.30% | |||
Non-controlled/Non-affiliated Investments | Consumer Services | First Lien Secured Debt | |||||
Total investments at fair value | $ 176,890 | $ 174,245 | |||
Non-controlled/Non-affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Total investments at fair value | $ 29,752 | $ 44,603 | |||
% of Net Assets | 2.94% | 4.40% | |||
Non-controlled/Non-affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | First Lien Secured Debt | |||||
Total investments at fair value | $ 29,752 | $ 44,603 | |||
Non-controlled/Non-affiliated Investments | Education | |||||
Total investments at fair value | $ 33,181 | $ 39,059 | |||
% of Net Assets | 3.28% | 3.90% | |||
Non-controlled/Non-affiliated Investments | Education | First Lien Secured Debt | |||||
Total investments at fair value | $ 33,181 | $ 39,059 | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | |||||
Total investments at fair value | $ 1,712 | $ 1,874 | |||
% of Net Assets | 0.17% | 0.20% | |||
Non-controlled/Non-affiliated Investments | Energy Electricity | First Lien Secured Debt | |||||
Total investments at fair value | $ 1,712 | $ 1,874 | |||
Non-controlled/Non-affiliated Investments | Environmental Industries | |||||
Total investments at fair value | $ 8,226 | ||||
% of Net Assets | 0.80% | ||||
Non-controlled/Non-affiliated Investments | Environmental Industries | First Lien Secured Debt | |||||
Total investments at fair value | $ 8,226 | ||||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | |||||
Total investments at fair value | $ 439,462 | $ 406,297 | |||
% of Net Assets | 43.47% | 40.40% | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Preferred Equity | |||||
Total investments at fair value | $ 583 | $ 343 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Common Equity - Membership Interests | |||||
Total investments at fair value | 4,377 | 3,004 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | Warrants - Warrants | |||||
Total investments at fair value | 80 | 99 | |||
Non-controlled/Non-affiliated Investments | Healthcare & Pharmaceuticals | First Lien Secured Debt | |||||
Total investments at fair value | 434,422 | 402,851 | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | |||||
Total investments at fair value | $ 290,488 | $ 285,963 | |||
% of Net Assets | 28.73% | 28.40% | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 1,217 | $ 1,430 | |||
Non-controlled/Non-affiliated Investments | High Tech Industries | First Lien Secured Debt | |||||
Total investments at fair value | 289,271 | 284,533 | |||
Non-controlled/Non-affiliated Investments | Hotel, Gaming, Leisure, Restaurants | |||||
Total investments at fair value | $ 19,276 | $ 19,643 | |||
% of Net Assets | 1.91% | 2% | |||
Non-controlled/Non-affiliated Investments | Hotel, Gaming, Leisure, Restaurants | First Lien Secured Debt | |||||
Total investments at fair value | $ 19,276 | $ 19,643 | |||
Non-controlled/Non-affiliated Investments | Insurance | |||||
Total investments at fair value | $ 82,675 | $ 80,147 | |||
% of Net Assets | 8.18% | 8% | |||
Non-controlled/Non-affiliated Investments | Insurance | First Lien Secured Debt | |||||
Total investments at fair value | $ 82,675 | $ 80,147 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | |||||
Total investments at fair value | $ 46,622 | $ 43,641 | |||
% of Net Assets | 4.61% | 4.30% | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Preferred Equity | |||||
Total investments at fair value | $ 9,626 | $ 8,313 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Common Equity - Membership Interests | |||||
Total investments at fair value | 182 | 182 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | First Lien Secured Debt | |||||
Total investments at fair value | 29,281 | 27,539 | |||
Non-controlled/Non-affiliated Investments | Manufacturing, Capital Equipment | Second Lien Secured Debt | |||||
Total investments at fair value | 7,533 | 7,607 | |||
Non-controlled/Non-affiliated Investments | Media – Diversified & Production | |||||
Total investments at fair value | $ 35,366 | $ 40,146 | |||
% of Net Assets | 3.50% | 4% | |||
Non-controlled/Non-affiliated Investments | Media – Diversified & Production | First Lien Secured Debt | |||||
Total investments at fair value | $ 35,366 | $ 40,146 | |||
Non-controlled/Non-affiliated Investments | Retail | |||||
Total investments at fair value | $ 31,264 | $ 31,184 | |||
% of Net Assets | 3.09% | 3.10% | |||
Non-controlled/Non-affiliated Investments | Retail | First Lien Secured Debt | |||||
Total investments at fair value | $ 31,264 | $ 31,184 | |||
Non-controlled/Non-affiliated Investments | Telecommunications | |||||
Total investments at fair value | $ 6,629 | $ 6,843 | |||
% of Net Assets | 0.66% | 0.70% | |||
Non-controlled/Non-affiliated Investments | Telecommunications | First Lien Secured Debt | |||||
Total investments at fair value | |||||
Non-controlled/Non-affiliated Investments | Telecommunications | Second Lien Secured Debt | |||||
Total investments at fair value | $ 6,629 | 6,843 | |||
Non-controlled/Non-affiliated Investments | Transportation - Cargo, Distribution | |||||
Total investments at fair value | $ 51,621 | $ 44,941 | |||
% of Net Assets | 5.11% | 4.50% | |||
Non-controlled/Non-affiliated Investments | Transportation - Cargo, Distribution | First Lien Secured Debt | |||||
Total investments at fair value | $ 51,621 | $ 44,941 | |||
Non-controlled/Non-affiliated Investments | Utilities Electric | |||||
Total investments at fair value | $ 14,588 | ||||
% of Net Assets | 1.44% | ||||
Non-controlled/Non-affiliated Investments | Utilities Electric | First Lien Secured Debt | |||||
Total investments at fair value | $ 14,588 | ||||
Non-controlled/Non-affiliated Investments | Wholesale | |||||
Total investments at fair value | $ 47,900 | $ 42,784 | |||
% of Net Assets | 4.74% | 4.30% | |||
Non-controlled/Non-affiliated Investments | Wholesale | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 717 | $ 729 | |||
Non-controlled/Non-affiliated Investments | Wholesale | First Lien Secured Debt | |||||
Total investments at fair value | 47,183 | 42,055 | |||
Non-controlled/Affiliated Investments | |||||
Total investments at fair value | $ 58,829 | $ 63,709 | |||
% of Net Assets | 5.82% | 6.30% | |||
Non-controlled/Affiliated Investments | Preferred Equity | |||||
Total investments at fair value | $ 4,050 | $ 5,343 | |||
% of Net Assets | 0.40% | 0.50% | |||
Non-controlled/Affiliated Investments | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 42,038 | $ 44,336 | |||
% of Net Assets | 4.16% | 4.40% | |||
Non-controlled/Affiliated Investments | Warrants - Warrants | |||||
% of Net Assets | 0% | ||||
Non-controlled/Affiliated Investments | First Lien Secured Debt | |||||
Total investments at fair value | $ 3,993 | $ 3,992 | |||
% of Net Assets | 0.39% | 0.40% | |||
Non-controlled/Affiliated Investments | Second Lien Secured Debt | |||||
% of Net Assets | 0% | ||||
Non-controlled/Affiliated Investments | Unsecured Debt | |||||
% of Net Assets | 0% | ||||
Non-controlled/Affiliated Investments | Structured Products And Other | |||||
Total investments at fair value | $ 8,748 | $ 10,038 | |||
% of Net Assets | 0.87% | 1% | |||
Non-controlled/Affiliated Investments | Chemicals Plastics And Rubber | |||||
Total investments at fair value | $ 40,979 | $ 42,117 | |||
% of Net Assets | 4.05% | 4.10% | |||
Non-controlled/Affiliated Investments | Chemicals Plastics And Rubber | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 40,979 | $ 42,117 | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | |||||
Total investments at fair value | $ 4,412 | $ 4,968 | |||
% of Net Assets | 0.44% | 0.50% | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 419 | $ 976 | |||
Non-controlled/Affiliated Investments | Consumer Goods Durable | First Lien Secured Debt | |||||
Total investments at fair value | 3,993 | 3,992 | |||
Non-controlled/Affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | |||||
Total investments at fair value | $ 8,748 | $ 10,038 | |||
% of Net Assets | 0.87% | 1% | |||
Non-controlled/Affiliated Investments | Diversified Investment Vehicles, Banking, Finance, Real Estate | Structured Products And Other | |||||
Total investments at fair value | $ 8,748 | $ 10,038 | |||
Non-controlled/Affiliated Investments | Energy Electricity | |||||
Total investments at fair value | $ 4,495 | $ 5,956 | |||
% of Net Assets | 0.44% | 0.60% | |||
Non-controlled/Affiliated Investments | Energy Electricity | Preferred Equity | |||||
Total investments at fair value | $ 4,050 | $ 5,343 | |||
Non-controlled/Affiliated Investments | Energy Electricity | Common Equity - Membership Interests | |||||
Total investments at fair value | 445 | 613 | |||
Non-controlled/Affiliated Investments | Energy - Oil & Gas | |||||
Total investments at fair value | $ 195 | $ 630 | |||
% of Net Assets | 0.02% | 0.10% | |||
Non-controlled/Affiliated Investments | Energy - Oil & Gas | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 195 | $ 630 | |||
Controlled Investments | |||||
Total investments at fair value | $ 418,342 | $ 481,817 | |||
% of Net Assets | 41.38% | 47.90% | |||
Controlled Investments | Preferred Equity | |||||
Total investments at fair value | $ 24,054 | $ 15,553 | |||
% of Net Assets | 2.38% | 1.50% | |||
Controlled Investments | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 127,045 | $ 65,545 | |||
% of Net Assets | 12.57% | 6.50% | |||
Controlled Investments | Warrants - Warrants | |||||
% of Net Assets | 0% | ||||
Controlled Investments | First Lien Secured Debt | |||||
Total investments at fair value | $ 267,203 | $ 394,515 | |||
% of Net Assets | 26.43% | 39.30% | |||
Controlled Investments | Second Lien Secured Debt | |||||
Total investments at fair value | $ 40 | $ 6,204 | |||
% of Net Assets | 0% | 0.60% | |||
Controlled Investments | Unsecured Debt | |||||
% of Net Assets | 0% | ||||
Controlled Investments | Structured Products And Other | |||||
% of Net Assets | 0% | ||||
Controlled Investments | Aviation and Consumer Transport | |||||
Total investments at fair value | $ 265,609 | $ 298,509 | |||
% of Net Assets | 26.27% | 29.70% | |||
Controlled Investments | Aviation and Consumer Transport | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 115,609 | $ 23,509 | |||
Controlled Investments | Aviation and Consumer Transport | First Lien Secured Debt | |||||
Total investments at fair value | 150,000 | 275,000 | |||
Controlled Investments | High Tech Industries | |||||
Total investments at fair value | $ 122,883 | $ 109,598 | |||
% of Net Assets | 12.15% | 10.90% | |||
Controlled Investments | High Tech Industries | Preferred Equity | |||||
Total investments at fair value | $ 24,054 | $ 15,553 | |||
Controlled Investments | High Tech Industries | First Lien Secured Debt | |||||
Total investments at fair value | 98,829 | 94,045 | |||
Controlled Investments | Transportation - Cargo, Distribution | |||||
Total investments at fair value | $ 4,444 | $ 37,384 | |||
% of Net Assets | 0.44% | 3.70% | |||
Controlled Investments | Transportation - Cargo, Distribution | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 4,444 | $ 37,384 | |||
Controlled Investments | Energy - Oil & Gas | |||||
Total investments at fair value | $ 25,406 | $ 36,326 | |||
% of Net Assets | 2.51% | 3.60% | |||
Controlled Investments | Energy - Oil & Gas | Common Equity - Membership Interests | |||||
Total investments at fair value | $ 6,992 | $ 4,652 | |||
Controlled Investments | Energy - Oil & Gas | First Lien Secured Debt | |||||
Total investments at fair value | 18,374 | 25,470 | |||
Controlled Investments | Energy - Oil & Gas | Second Lien Secured Debt | |||||
Total investments at fair value | $ 40 | $ 6,204 | |||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Fair value is determined in good faith subjct to the oversight of the Board of Directors of the Company (See Note 2 to the financial statements). Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2022: Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of March 31, 2022: Fair value is determined in good faith by or under the direction of the Board of Directors of the Company (See Note 2 to the financial statements). |
CONSOLIDATED SCHEDULE OF INV_10
CONSOLIDATED SCHEDULE OF INVESTMENTS (unaudited) - Summary of Percentage of Total Investment | Sep. 30, 2022 | Mar. 31, 2022 |
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 100% | 100% |
Healthcare & Pharmaceuticals | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 17.80% | 16.10% |
High Tech Industries | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 16.80% | 15.70% |
Aviation and Consumer Transport | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 11.50% | 12.50% |
Business Services | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 10.70% | 10.70% |
Consumer Services | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 7.20% | 6.90% |
Berner Food & Beverage, LLC | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 4.30% | |
Transportation - Cargo, Distribution | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 2.30% | 3.30% |
Insurance | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 3.40% | 3.20% |
Consumer Goods – Non-durable | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 3.10% | 3% |
Automotive | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 3% | 2.90% |
Chemicals Plastics And Rubber | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 2.60% | 2.60% |
Diversified Investment Vehicles, Banking, Finance, Real Estate | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.60% | 2.20% |
Manufacturing, Capital Equipment | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.90% | 1.70% |
Wholesale | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.90% | 1.70% |
Advertising, Printing & Publishing | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.80% | 1.70% |
Media – Diversified & Production | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.40% | 1.60% |
Education | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.30% | 1.50% |
Energy - Oil & Gas | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1% | 1.50% |
Construction And Building | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.20% | 1.20% |
Retail | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1.30% | 1.20% |
Aerospace & Defense | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1% | 1.10% |
Consumer Goods Durable | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 1% | 0.80% |
Hotel, Gaming, Leisure, Restaurants | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 0.80% | 0.80% |
Utilities Electric | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 0.60% | |
Environmental Industries | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 0.30% | |
Energy Electricity | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 0.20% | 0.30% |
Telecommunications | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 0.30% | 0.30% |
Beverage, Food & Tobacco | ||
Fair Value Investments Entities That Calculate Net Asset Value Per Share [Line Items] | ||
Percentage of Total Investments (at Fair Value) | 5.20% |
Organization
Organization | 6 Months Ended |
Sep. 30, 2022 | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | |
Organization | Note 1. Organization MidCap Financial Investment Corporation (the “Company,” “MFIC,” “we,” “us,” or “our”), a Maryland corporation incorporated on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company that has elected to be treated as a business development company (“BDC”) under the Investment Company Act of 1940 (the “1940 Act”). In addition, for tax purposes we have elected to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). We commenced operations on April 8, 2004 receiving net proceeds of $ 870,000 from our initial public offering by selling 62 million shares of common stock at a price of $ 15.00 per share ( 20.7 million shares at a price of $ 45.00 per share adjusted for the one-for- three reverse stock split). Since then, and through September 30, 2022, we have raised approximately $ 2,240,067 in net proceeds from additional offerings of common stock and repurchased common stock for $ 245,810 . On August 1, 2022, the Company changed its name from "Apollo Investment Corporation" to "MidCap Financial Investment Corporation". Our common stock began to trade under the ticker “MFIC” on the NASDAQ Global Stock Market on August 12, 2022. Apollo Investment Management, L.P. (the “Investment Adviser” or “AIM”) is our investment adviser and an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries (“AGM”). The Investment Adviser, subject to the overall supervision of our Board of Directors, manages the day-to-day operations of and provides investment advisory services to the Company. Apollo Investment Administration, LLC (the “Administrator” or “AIA”), an affiliate of AGM, provides, among other things, administrative services and facilities for the Company. Furthermore, AIA provides on our behalf managerial assistance to those portfolio companies to which we are required to provide such assistance. Our investment objective is to generate current income and capital appreciation. We invest primarily in various forms of debt investments, including secured and unsecured debt, loan investments, and/or equity in private middle-market companies. We may also invest in the securities of public companies and in structured products and other investments such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”). Our portfolio is comprised primarily of investments in debt, including secured and unsecured debt of private middle-market companies that, in the case of senior secured loans, generally are not broadly syndicated and whose aggregate tranche size is typically less than $ 250 million. Our portfolio may include equity interests such as common stock, preferred stock, warrants and/or options. |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | Note 2. Significant Accounting Policies The following is a summary of the significant accounting and reporting policies used in preparing the financial statements. Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the requirements on Form 10-Q, ASC 946, Financial Services — Investment Companies (“ASC 946”), and Articles 6, 10 and 12 of Regulation S-X. In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair presentation of the financial statements for the periods presented, have been included. Under the 1940 Act, ASC 946, and the regulations pursuant to Article 6 of Regulation S-X, we are precluded from consolidating any entity other than another investment company or an operating company which provides substantially all of its services to benefit us. These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended March 31, 2022. Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amounts of income, expenses, gains and losses during the reported periods. Changes in the economic environment, financial markets, credit worthiness of our portfolio companies, the global outbreak of a novel coronavirus (COVID-19) which began in 2020 and still persists and any other parameters used in determining these estimates could cause actual results to differ materially. Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements, and other high-quality, short-term debt securities would qualify as cash equivalents. Cash and cash equivalents are carried at cost which approximates fair value. Cash equivalents held as of September 30, 2022 was $ 60,281 . Cash equivalents held as of March 31, 2022 was $ 30,033 . Collateral on Option Contracts Collateral on option contracts represents restricted cash held by our counterparty as collateral against our derivative instruments until such contracts mature or are settled upon per agreement of buyer and seller of the contract. In accordance with ASC 230, S tatement of Cash Flows , the Statements of Cash Flows outline the changes in cash, including both restricted and unrestricted cash, cash equivalents and foreign currencies. As of September 30, 2022 and March 31, 2022 the Company did no t hold any derivative contracts. Investment Transactions Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. Amounts for investments recognized or derecognized but not yet settled are reported as a receivable for investments sold and a payable for investments purchased, respectively, in the Statements of Assets and Liabilities. Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement (“ASC 820”), where fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are determined within a framework that establishes a three-tier hierarchy which maximizes the use of observable market data and minimizes the use of unobservable inputs to establish a classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, such as the risk inherent in a particular valuation technique used to measure fair value using a pricing model and/or the risk inherent in the inputs for the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the information available. The inputs or methodology used for valuing assets or liabilities may not be an indication of the risks associated with investing in those assets or liabilities. ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may differ materially from the values that would be received upon an actual disposition of such investments. Investment Valuation Process The Board has designated the Investment Adviser as its "valuation designee" pursuant to Rule 2a-5 under the 1940 Act, and in that role the Investment Adviser is responsible for performing fair value determinations relating to all of the Company's investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Company's Board of Directors (the "Board"). Even though the Company's Board of Directors designated the Company's Investment Adviser as "valuation designee," the Company's Board of Directors continues to be responsible for overseeing the processes for determining fair valuation. Under the fund's valuation policies and procedures, the Investment Adviser values investments, including certain secured debt, unsecured debt and other debt securities with maturities greater than 60 days, for which market quotations are readily available, at such market quotations (unless they are deemed not to represent fair value). We attempt to obtain market quotations from at least two brokers or dealers (if available, otherwise from a principal market maker, primary market dealer or other independent pricing service). We utilize mid-market pricing as a practical expedient for fair value unless a different point within the range is more representative. If and when market quotations are unavailable or are deemed not to represent fair value, we typically utilize independent third party valuation firms to assist us in determining fair value. Accordingly, such investments go through our multi-step valuation process as described below. In each case, our independent third party valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such investments. Investments purchased within the quarter before the valuation date and debt investments with remaining maturities of 60 days or less may each be valued at cost with interest accrued or discount accreted/premium amortized to the date of maturity (although they are typically valued at available market quotations), unless such valuation, in the judgment of our Investment Adviser, does not represent fair value. In this case such investments shall be valued at fair value as determined in good faith by or under the direction of the Investment Adviser including using market quotations where available. Investments that are not publicly traded or whose market quotations are not readily available are valued at fair value as determined in good faith by or under the direction of the Investment Adviser. Such determination of fair values may involve subjective judgments and estimates. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, our Investment Adviser undertakes a multi-step valuation process each quarter, as described below: 1. Our quarterly valuation process begins with each portfolio company or investment being initially valued by using certain inputs provided, among others, the investment professionals of our Investment Adviser who are responsible for the portfolio investment. 2. Preliminary valuation conclusions are then documented and discussed with senior management of our Investment Adviser. 3. Independent valuation firms are engaged by our Board of Directors to conduct independent appraisals by reviewing our Investment Adviser’s preliminary valuations and then making their own independent assessment. 4. The Investment Adviser discusses valuations and determines in good faith the fair value of each investment in our portfolio based on the input of the applicable independent valuation firm. 5. For Level 3 investments entered into within the current quarter, the cost (purchase price adjusted for accreted original issue discount/amortized premium) or any recent comparable trade activity on the security investment shall be considered to reasonably approximate the fair value of the investment, provided that no material change has since occurred in the issuer’s business, significant inputs or the relevant environment. Investments determined by these valuation procedures which have a fair value of less than $ 1 million during the prior fiscal quarter may be valued based on inputs identified by the Investment Adviser without the necessity of obtaining valuation from an independent valuation firm, if once annually an independent valuation firm using the procedures described herein provides an independent assessment of value. Investments in all asset classes are valued utilizing a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that we may take into account in fair value pricing our investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, seniority of investment in the investee company’s capital structure, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, our principal market (as the reporting entity) and enterprise values, among other factors. When readily available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. During the three months ended September 30, 2022, there were no significant changes to the Company’s valuation techniques and related inputs considered in the valuation process. Derivative Instruments The Company recognizes all derivative instruments as assets or liabilities at fair value in its financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. Exchange-traded derivatives which include put and call options are valued based on the last reported sales price on the date of valuation. Over-the-counter (“OTC”) derivatives, including credit default swaps, are valued by the Investment Adviser using quotations from counterparties. In instances where models are used, the value of the OTC derivative is derived from the contractual terms of, and specific risks inherent in, the instrument as well as the availability and reliability of observable inputs, such as credit spreads. As of September 30, 2022 and March 31, 2022, the Company did no t hold any derivative contracts. Offsetting Assets and Liabilities The Company has elected not to offset cash collateral against the fair value of derivative contracts. The fair values of these derivatives are presented on a gross basis, even when derivatives are subject to master netting agreements. As of September 30, 2022 and March 31, 2022, the Company did no t hold any derivative contracts. Valuation of Other Financial Assets and Financial Liabilities ASC 825, Financial Instruments , permits an entity to choose, at specified election dates, to measure certain assets and liabilities at fair value (the “Fair Value Option”). We have not elected the Fair Value Option to report selected financial assets and financial liabilities. Debt issued by the Company is reported at amortized cost (see Note 6 to the financial statements). The carrying value of all other financial assets and liabilities approximates fair value due to their short maturities or their close proximity of the originations to the measurement date. Realized Gains or Losses Security transactions are accounted for on a trade date basis. Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date. Investment Income Recognition The Company records interest and dividend income, adjusted for amortization of premium and accretion of discount, on an accrual basis. Some of our loans and other investments, including certain preferred equity investments, may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, the Company capitalizes the accrued interest or dividends receivable (reflecting such amounts as the basis in the additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At the point the Company believes PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. The Company does not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if the Company believes that PIK is expected to be realized. Investments that are expected to pay regularly scheduled interest and/or dividends in cash are generally placed on non-accrual status when principal or interest/dividend cash payments are past due 30 days or more and/or when it is no longer probable that principal or interest/dividend cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest or dividends are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining interest or dividend obligations. Interest or dividend cash payments received on non-accrual designated investments may be recognized as income or applied to principal depending upon management’s judgment. Loan origination fees, original issue discount (“OID”), and market discounts are capitalized and accreted into interest income over the respective terms of the applicable loans using the effective interest method or straight-line, as applicable. Upon the prepayment of a loan, prepayment premiums, any unamortized loan origination fees, OID, or market discounts are recorded as interest income. Other income generally includes amendment fees, bridge fees, and structuring fees which are recorded when earned. The Company records as dividend income the accretable yield from its beneficial interests in structured products such as CLOs based upon a number of cash flow assumptions that are subject to uncertainties and contingencies. Such assumptions include the rate and timing of principal and interest receipts (which may be subject to prepayments and defaults) of the underlying pool of assets. These assumptions are updated on at least a quarterly basis to reflect changes related to a particular security, actual historical data, and market changes. A structured product investment typically has an underlying pool of assets. Payments on structured product investments are and will be payable solely from the cash flows from such assets. As such, any unforeseen event in these underlying pools of assets might impact the expected recovery of principal and future accrual of income. Expenses Expenses include management fees, performance-based incentive fees, interest expense, insurance expenses, administrative service fees, legal fees, directors’ fees, audit and tax service expenses, third-party valuation fees and other general and administrative expenses. Expenses are recognized on an accrual basis. Financing Costs The Company records expenses related to shelf filings and applicable offering costs as deferred financing costs in the Statements of Assets and Liabilities. To the extent such expenses relate to equity offerings, these expenses are charged as a reduction of capital upon utilization, in accordance with ASC 946-20-25, or charged to expense if no offering is completed. The Company records origination and other expenses related to its debt obligations as deferred financing costs. The deferred financing cost for all outstanding debt is presented as a direct deduction from the carrying amount of the related debt liability, except that incurred under the Senior Secured Facility (as defined in Note 6 to the financial statements), which the Company presents as an asset on the Statements of Assets and Liabilities. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation which approximates the effective yield method. In the event that we modify or extinguish our debt before maturity, the Company follows the guidance in ASC 470-50, Modification and Extinguishments (“ASC 470-50”). For modifications to or exchanges of our Senior Secured Facility (as defined in Note 6 to the financial statements), any unamortized deferred financing costs relating to lenders who are not part of the new lending group are expensed. For extinguishments of our senior secured notes and senior unsecured notes, any unamortized deferred financing costs are deducted from the carrying amount of the debt in determining the gain or loss from the extinguishment. Foreign Currency Translations The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. The Company’s investments in foreign securities may involve certain risks, including without limitation: foreign exchange restrictions, expropriation, taxation or other political, social or economic risks, all of which could affect the market and/or credit risk of the investment. In addition, changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company. Dividends and Distributions Dividends and distributions to common stockholders are recorded as of the ex-dividend date. The amount to be paid out as a distribution is determined by the Board of Directors each quarter. Net realized capital gains, if any, are generally distributed or deemed distributed at least annually. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies. Share Repurchases In connection with the Company’s share repurchase program, the cost of shares repurchased is charged to net assets on the trade date. Federal and State Income Taxes We have elected to be treated as a RIC under the Code and operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must (among other requirements) meet certain source-of-income and asset diversification requirements and timely distribute to its stockholders at least 90 % of its investment company taxable income as defined by the Code, for each year. The Company (among other requirements) has made and intends to continue to make the requisite distributions to its stockholders, which will generally relieve the Company from corporate-level income taxes. For income tax purposes, distributions made to stockholders are reported as ordinary income, capital gains, non-taxable return of capital, or a combination thereof. The tax character of distributions paid to stockholders through September 30, 2022 may include return of capital, however, the exact amount cannot be determined at this point. The final determination of the tax character of distributions will not be made until we file our tax return for the tax year ending March 31, 2023. The character of income and gains that we will distribute is determined in accordance with income tax regulations that may differ from GAAP. Book and tax basis differences relating to stockholder dividend and distributions and other permanent book and tax difference are reclassified to paid-in capital. If we do not distribute (or are not deemed to have distributed) at least 98 % of our annual ordinary income and 98.2 % of our capital gains in the calendar year earned, we will generally be required to pay excise tax equal to 4 % of the amount by which 98 % of our annual ordinary income and 98.2 % of our capital gains exceed the distributions from such taxable income for the year. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, we accrue excise taxes, if any, on estimated undistributed taxable income. If we fail to satisfy the annual distribution requirement or otherwise fail to qualify as a RIC in any taxable year, we would be subject to tax on all of our taxable income at regular corporate rates. Distribution would generally be taxable to our individual and other non-corporate taxable stockholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of our current and accumulated earnings and profits provided certain holding period and other requirements are met. Subject to certain limitation under the Code, corporate distributions would be eligible for the dividend-received deduction. To qualify again to be taxed as a RIC in a subsequent year, we would be required to distribute to our stockholders our accumulated earnings and profits attributable to non RIC years. In addition, if we failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, we would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. We follow ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. Penalties or interest, if applicable, that may be assessed relating to income taxes would be classified as other operating expenses in the financial statements. As of September 30, 2022, there were no uncertain tax positions and no amounts accrued for interest or penalties. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof. Although we file both federal and state income tax returns, our major tax jurisdiction is federal. Retroactive Adjustments for Common Stock Reverse Split The Company’s Board of Directors approved a one-for- three reverse stock split of the Company’s common stock on October 30, 2018, which was effective as of close of business as of November 30, 2018 (the “Reverse Stock Split”). All common share and common per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to this reverse stock split as disclosed in Note 7 . Recent Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848), which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. ASU 2020-04 and ASU 2021-01 are effective for all entities through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022, except for hedging transactions as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company is currently evaluating the impact of the adoption of ASU 2020-04 and 2021-01 on its consolidated financial statements. |
Related Party Agreements and Tr
Related Party Agreements and Transactions | 6 Months Ended |
Sep. 30, 2022 | |
Related Party Transactions [Abstract] | |
Related Party Agreements and Transactions | Note 3. Related Party Agreements and Transactions Investment Advisory Agreement with AIM The Company has an investment advisory management agreement with the Investment Adviser (the “Investment Advisory Agreement”) under which AIM receives a fee from the Company, consisting of two components — a base management fee and a performance-based incentive fee. Base Management Fee For the period from April 1, 2018 to December 31, 2022, the base management fee is calculated initially at an annual rate of 1.50 % ( 0.375 % per quarter) of the lesser of (i) the average of the value of the Company’s gross assets, net of average of any payable for investments (excluding cash or cash equivalents but including other assets purchased with borrowed amounts) at the end of each of the two most recently completed calendar quarters and (ii) the average monthly value (measured as of the last day of each month) of the Company’s gross assets (excluding cash or cash equivalents but including other assets purchased with borrowed amounts) during the most recently completed calendar quarter; provided, however, in each case, the base management fee is calculated at an annual rate of 1.00 % ( 0.250 % per quarter) of the average of the value of the Company’s gross assets (excluding cash or cash equivalents but including other assets purchased with borrowed amounts) that exceeds the product of (A) 200 % and (B) the value of the Company’s net asset value at the end of the prior calendar quarter. The base management fee will be payable quarterly in arrears. The value of the Company’s gross assets shall be calculated in accordance with the Company's valuation policies. Beginning on January 1, 2023, the base management fee will be calculated at an annual rate of 1.75 % ( 0.4375 % per quarter) of the Company's net asset value as of the final business day of the prior calendar quarter; provided, however, that the base management fee shall not be greater than 1.50 % ( 0.375 % per quarter) of the lesser of (i) the average of the value of the Company's gross assets (excluding cash or cash equivalents but including other assets purchased with borrowed amounts) at the end of each of the two most recently completed calendar quarters and (ii) the average monthly value (measured as of the last day of each month) of the Company's gross assets (excluding cash or cash equivalents but including other assets purchased with borrowed amounts) during the most recently completed calendar quarter. The base management fee will be payable quarterly in arrears. The value of the Company's gross assets shall be calculated in accordance with the Company's valuation policies. Performance-based Incentive Fee The incentive fee (the “Incentive Fee”) consists of two components that are determined independent of each other, with the result that one component may be payable even if the other is not. A portion of the Incentive Fee is based on income and a portion is based on capital gains, each as described below: A. Incentive Fee based on Income (i) Incentive Fee on Pre-Incentive Fee Net Income - (January 1, 2019 - December 31, 2022) For the period from January 1, 2019 to December 31, 2022, the incentive fee on pre-incentive fee net investment income will be determined and paid quarterly in arrears by calculating the amount by which (x) the aggregate amount of the pre-incentive fee net investment income with respect of the current calendar quarter and each of the eleven preceding calendar quarters beginning with the calendar quarter that commences on or after April 1, 2018 (the “trailing twelve quarters”) exceeds (y) the preferred return amount in respect of the trailing twelve quarters. The preferred return amount will be determined on a quarterly basis, and will be calculated by summing the amounts obtained by multiplying 1.75 % by the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant trailing twelve quarters. The preferred return amount will be calculated after making appropriate adjustments to the Company’s net asset value at the beginning of each applicable calendar quarter for Company capital issuances and distributions during the applicable calendar quarter. The amount of the Incentive Fee on Income that will be paid to the Investment Adviser for a particular quarter will equal the excess of the incentive fee on pre-incentive fee net investment income, so calculated less the aggregate incentive fee on pre-incentive fee net investment income that were paid to the Investment Adviser (excluding waivers, if any) in the preceding eleven calendar quarters comprising the relevant trailing twelve quarters. The Company will pay the Investment Adviser an incentive fee with respect to our pre-incentive fee net investment income in each calendar quarter as follows: (1) no incentive fee in any calendar quarter in which our pre-incentive fee net investment income for the trailing twelve quarters does not exceed the preferred return amount. (2) 100 % of our pre-incentive fee net investment income for the trailing twelve quarters, if any, that exceeds the preferred return amount but is less than or equal to an amount (the “catch-up amount”) determined by multiplying 2.1875 % by the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant trailing twelve quarters. (3) for any quarter in which the Company’s pre-incentive fee net investment income for the trailing twelve quarters exceeds the catch-up amount, the incentive fee shall equal 20 % of the amount of the Company’s pre-incentive fee net investment income for such trailing twelve quarters. The Incentive Fee on Income as calculated is subject to a cap (the “Incentive Fee Cap”). The Incentive Fee Cap in any quarter is an amount equal to (a) 20 % of the Cumulative Pre-Incentive Fee Net Return (as defined below) during the relevant trailing twelve quarters less (b) the aggregate Incentive Fees on Income that were paid to the Investment Adviser (excluding waivers, if any) in the preceding eleven calendar quarters (or portion thereof) comprising the relevant trailing twelve quarters. (ii) Incentive Fee on Pre-Incentive Fee Net Income - effective January 1, 2023 Beginning on January 1, 2023, the Incentive Fee on pre-incentive fee net investment income will be determined and paid quarterly in arrears by calculating the amount by which (x) the aggregate amount of the pre-incentive fee net investment income with respect of the current calendar quarter and each of the eleven preceding calendar quarters (in either case, the “Trailing Twelve Quarters”) exceeds (y) the preferred return amount in respect of the Trailing Twelve Quarters; provided, however, that the pre-incentive fee net investment income in respect of the current calendar quarter exceeds the multiple of (A) 1.75 % and (B) the Company's net asset value at the beginning of such calendar quarter. For the purposes of the Incentive Fee calculations, each calendar quarter comprising the relevant Trailing Twelve Quarters that commenced prior to January 1, 2023 shall be known as a “Legacy Fee Quarter” while a calendar quarter that commenced on or after January 1, 2023 shall be known as a “Current Fee Quarter.” The preferred return amount will be determined on a quarterly basis, and will be calculated by summing the amounts obtained by multiplying 1.75 % by the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant Trailing Twelve Quarters. The preferred return amount will be calculated after making appropriate adjustments to the Company’s net asset value at the beginning of each applicable calendar quarter for Company capital issuances and distributions during the applicable calendar quarter. The amount of the Incentive Fee on Income that will be paid to the Investment Adviser for a particular quarter will equal the excess of the incentive fee on pre-incentive fee net investment income, so calculated less the aggregate incentive fee on pre-incentive fee net investment income that were paid to the Investment Adviser (excluding waivers, if any) in the preceding eleven calendar quarters comprising the relevant Trailing Twelve Quarters. The Company will pay the Investment Adviser an incentive fee with respect to our pre-incentive fee net investment income in each calendar quarter as follows: (1) no incentive fee in any calendar quarter in which our pre-incentive fee net investment income for the Trailing Twelve Quarters does not exceed the preferred return amount. (2) 100 % of our pre-incentive fee net investment income for the Trailing Twelve Quarters, if any, that exceeds the preferred return amount but is less than or equal to the catch-up amount, which shall be the sum of (i) the product of 2.1875 % multiplied by the Company's net asset value at the beginning of each applicable Legacy Fee Quarter included in the relevant Trailing Twelve Quarters and (ii) the product of 2.1212 % multiplied by the Company's net asset value at the beginning of each applicable Current Fee Quarter included in the relevant Trailing Twelve Quarters. (3) for any quarter in which the Company’s pre-incentive fee net investment income for the Trailing Twelve Quarters exceeds the catch-up amount, the incentive fee shall equal 17.50 % of the amount of the Company’s pre-incentive fee net investment income for such Trailing Twelve Quarters, provided, however, that the incentive fee on income for any quarter shall not be greater than 17.50 % of the amount of the Company's current quarter’s pre-incentive fee net investment income. The Incentive Fee on Income as calculated is subject to the Incentive Fee Cap. The Incentive Fee Cap in any quarter is an amount equal to (a) 20 % of the Cumulative Pre-Incentive Fee Net Return (as defined below) during the relevant Legacy Fee Quarters included in the relevant Trailing Twelve Quarters and 17.50 % of the Cumulative Pre-Incentive Fee Net Return during the relevant Current Fee Quarters included in the relevant Trailing Twelve Quarters less (b) the aggregate Incentive Fees on Income that were paid to the Investment Adviser (excluding waivers, if any) in the preceding eleven calendar quarters (or portion thereof) comprising the relevant Trailing Twelve Quarters. For this purpose, “Cumulative Pre-Incentive Fee Net Return” during the relevant trailing twelve quarters means (x) Pre-Incentive Fee Net Investment Income in respect of the trailing twelve quarters less (y) any Net Capital Loss, since April 1, 2018, in respect of the trailing twelve quarters. If, in any quarter, the Incentive Fee Cap is zero or a negative value, the Company shall pay no Incentive Fee on Income to the Investment Adviser in that quarter. If, in any quarter, the Incentive Fee Cap is a positive value but is less than the Incentive Fee on Income calculated in accordance with the calculation described above, the Company shall pay the Investment Adviser the Incentive Fee Cap for such quarter. If, in any quarter, the Incentive Fee Cap is equal to or greater than the Incentive Fee on Income calculated in accordance with the calculation described above, the Company shall pay the Investment Adviser the Incentive Fee on Income for such quarter. “Net Capital Loss” in respect of a particular period means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in such period and (ii) aggregate capital gains, whether realized or unrealized, in such period. B. Incentive Fee Based on Cumulative Net Realized Gains Prior to January 1, 2023, the Incentive Fee on Capital Gains is determined and payable in arrears as of the end of each calendar year (or upon termination of the investment advisory management agreement). This fee shall equal 20.0 % of the sum of the Company’s realized capital gains on a cumulative basis, calculated as of the end of each calendar year (or upon termination of investment advisory management agreement), computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any Incentive Fees on Capital Gains previously paid to the Investment Adviser. The aggregate unrealized capital depreciation of the Company shall be calculated as the sum of the differences, if negative, between (a) the valuation of each investment in the Company’s portfolio as of the applicable calculation date and (b) the accreted or amortized cost basis of such investment. Beginning on January 1, 2023, the Incentive Fee on Capital Gains is determined and payable in arrears as of the end of each calendar year (or upon termination of the investment advisory management agreement). This fee shall equal 17.50 % of the sum of the Company’s realized capital gains on a cumulative basis, calculated as of the end of each calendar year (or upon termination of investment advisory management agreement), computed net of all realized capital losses and unrealized capital depreciation on a cumulative basis, less the aggregate amount of any Incentive Fees on Capital Gains previously paid to the Investment Adviser. The aggregate unrealized capital depreciation of the Company shall be calculated as the sum of the differences, if negative, between (a) the valuation of each investment in the Company’s portfolio as of the applicable calculation date and (b) the accreted or amortized cost basis of such investment. For accounting purposes only, we are required under GAAP to accrue a theoretical capital gains incentive fee based upon net realized capital gains and unrealized capital gain and loss on investments held at the end of each period. The accrual of this theoretical capital gains incentive fee assumes all unrealized capital gain and loss is realized in order to reflect a theoretical capital gains incentive fee that would be payable to the Investment Adviser at each measurement date. There was no accrual for theoretical capital gains incentive fee for the three and six months ended September 30, 2022 and 2021. It should be noted that a fee so calculated and accrued would not be payable under the Investment Advisers Act of 1940 (the “Advisers Act”) or the investment advisory management agreement, and would not be paid based upon such computation of capital gains incentive fees in subsequent periods. Amounts actually paid to the Investment Adviser will be consistent with the Advisers Act and formula reflected in the investment advisory management agreement which specifically excludes consideration of unrealized capital gain. For the three and six months en ded September 30, 2022, the Company recognized $ 8,914 and $ 17,863 , respectively, of management fees, and $ 3,976 and $ 5,373 , respectively, of incentive fees before impact of waived fees. For the three and six months ended September 30, 2021, the Company recognized $ 9,158 and $ 17,972 respectively, of management fees, and $ 5,271 and $ 5,271 , respectively of incentive fees before impact of waived fees. For the three and six months ended September 30, 2022 and 2021, no management fees and no incentive fees were waived. As of September 30, 2022 and March 31, 2022, management and performance-based incentive fees payable were $ 12,803 and $ 9,912 , respectively. Fee Offset On January 16, 2019, the Company and AIM entered into a fee offset agreement in connection with revenue realized by AIM and its affiliates for the management of certain aircraft assets. The Company will receive an offsetting credit against total incentive fees otherwise due to AIM under the investment advisory management agreement. The amount offset will initially be 20 % of the management fee revenue earned and incentive fee revenue realized by AIM and its affiliates in connection with managing aircraft assets on related insurance balance sheets (“New Balance Sheet Investments”), new aircraft managed account capital (“New Managed Accounts”) and new dedicated aircraft funds (“New Aircraft Funds”). Once the aggregate capital raised by the New Aircraft Funds or New Managed Accounts and capital invested by the New Balance Sheet Investments exceeds $ 3 billion cumulatively, the fee offset will step down to 10 % of the amount of incremental management fee revenue earned and incentive fee revenue realized by AIM and its affiliates. The fee offset will be in place for seven years, however the incentive fees realized by AIM and its affiliates after this seven-year period from applicable investments that were raised or made within the seven-year period will also be used to offset incentive fees payable to AIM by the Company. The offset will be limited to the amount of incentive fee payable by the Company to AIM and any unapplied fee offset which exceeds the incentive fees payable in a given quarter will carry forward to be credited against the incentive fees payable by the Company in subsequent quarters. For the three and six months ended September 30, 2022, management fee offset was $ 87 and $ 162 , respectively. For the three and six months ended September 30, 2021, the performance-based incentive fee offset was $ 147 & $ 147 . Administration Agreement with AIA The Company has also entered into an administration agreement with the Administrator (the “Administration Agreement”) under which AIA provides administrative services for the Company. For providing these services, facilities and personnel, the Company reimburses the Administrator for the allocable portion of overhead and other expenses incurred by the Administrator and requested to be reimbursed by the Administrator in performing its obligations under the Administration Agreement. The expenses include rent and the Company’s allocable portion of compensation and other related expenses for its Chief Financial Officer, Chief Legal Officer and Chief Compliance Officer and their respective staffs. For the three and six months ended September 30, 2022, the Company recognized administrative services expense under the Administration Agreement o f $ 1,301 and $ 2,587 , respectively. For the three and six months ended September 30, 2021, the Company recognized administrative services expense under the Administration Agreement of $ 1,715 and $ 2,985 , respectively. There was no payable to AIA and its affiliates for expenses paid on our behalf as of September 30, 2022 and March 31, 2022. Administrative Service Expense Reimbursement Merx Aviation Finance, LLC (“Merx”), a wholly-owned portfolio company of the Company, has entered into an administration agreement with the Administrator (the “Merx Administration Agreement”) under which AIA provides administrative services to Merx and several Merx managed entities. For the three and six months ended September 30, 2022, the Company recognized administrative service expense reimbursements of $ 75 and $ 150 , respectively, under the Merx Administration Agreement. For the three and six months ended September 30, 2021, the Company recognized administrative service expense reimbursements of $ 75 and $ 150 , respectively. Debt Expense Reimbursements The Company has also entered into debt expense reimbursement agreements with Merx and several other portfolio companies, which will reimburse the Company for reasonable out-of-pocket expenses incurred, including any interest, fees or other amounts incurred by the Company in connection with letters of credit issued on their behalf. For the three and six months ended September 30, 2022, the Company recognized debt expense reimbursements of $ 184 and $ 338 , respectively, under the debt expense reimbursement agreements. For the three and six months ended September 30, 2021, the Company recognized debt expense reimbursements of $ 1 and $ 2 , respectively, under the debt expense reimbursement agreements. Co-Investment Activity We may co-invest on a concurrent basis with affiliates of ours, subject to compliance with applicable regulations and our allocation procedures. Certain types of negotiated co-investments may be made only in accordance with the terms of the exemptive order we received from the SEC permitting us to do so. On March 29, 2016, we received an exemptive order from the SEC, which was amended on December 29, 2021 (the “Order”) permitting us greater flexibility to negotiate the terms of co-investment transactions with certain of our affiliates, including investment funds managed by AIM or its affiliates and Apollo proprietary accounts, subject to the conditions included therein. Under the terms of the Order, a “required majority” (as defined in Section 57(o) of the 1940 Act) of our independent directors must be able to reach certain conclusions in connection with a co-investment transaction, including that (1) the terms of the proposed transaction are reasonable and fair to us and our stockholders and do not involve overreaching of us or our stockholders on the part of any person concerned, and (2) the transaction is consistent with the interests of our stockholders and is consistent with our Board of Directors’ approved criteria. In certain situations where co-investment with one or more funds managed by AIM or its affiliates is not covered by the Order, the personnel of AIM or its affiliates will need to decide which fund will proceed with the investment. Such personnel will make these determinations based on allocation policies and procedures, which are designed to reasonably ensure that investment opportunities are allocated fairly and equitably among affiliated funds over time and in a manner that is consistent with applicable laws, rules and regulations. The Order is subject to certain terms and conditions so there can be no assurance that we will be permitted to co-invest with certain of our affiliates other than in the circumstances currently permitted by regulatory guidance and the Order. As of September 30, 2022, the Company’s co-investment holdings w ere 73 % of the portfolio or $ 1,804,569 , measured at fair value. On a cost basis, 67 % of the portfolio or $ 1,819,401 were co-investments. As of March 31, 2022, the Company’s co-investment holdings were 71 % of the portfolio or $ 1,783,052 , measured at fair value. On a cost basis, 65 % of the portfolio or $ 1,780,779 were co-investments. Merx Aviation Effective January 16, 2019, Mr. Gary Rothschild, President and Chief Executive Officer of Merx, became an employee of Apollo Management Holdings, L.P. ("AMH"), an affiliate of the Company’s investment adviser. Mr. Rothschild also retained his role as the President and Chief Executive Officer of Merx. Effective January 16, 2019, Merx entered into a series of service arrangements with affiliates of AGM. Under a servicing agreement with Apollo Capital Management, L.P. (“ACM”), Merx serves as technical servicer to aircraft clients of ACM and its affiliates. Under a research support agreement with ACM, Merx employees assist ACM with technical due-diligence and underwriting of new aircraft-related investment opportunities. Under a technical support agreement, Merx and AMH share the services of Mr. Gary Rothschild, who is the President and Chief Executive Officer of Merx and an employee of AMH. On April 1, 2020, $ 105,300 of the Merx first lien secured revolver held by the Company was converted into common equity. In addition, the interest rate on the revolver was lowered from 12 % to 10 %. On July 1, 2021, $ 84,500 of the Merx common equity held by the Company was converted into the Merx first lien secured revolver. On September 1, 2022, $ 110,700 of the Merx first lien secured revolver held by the Company was converted into common equity. The balance of the Merx revolver as of September 30, 2022 was $ 150,000 . |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Sep. 30, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 4. Earnings Per Share The following table sets forth the computation of earnings (loss) per share (“EPS”), pursuant to ASC 260-10, for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 Basic Earnings Per Share Net increase (decrease) in net assets resulting from operations $ 15,993 $ 25,441 $ 21,653 $ 57,584 Weighted average shares outstanding 64,737,122 65,031,131 64,150,905 65,115,530 Basic earnings (loss) per share $ 0.25 $ 0.39 $ 0.34 $ 0.88 |
Investments
Investments | 6 Months Ended |
Sep. 30, 2022 | |
Schedule Of Investments [Abstract] | |
Investments | Note 5. Investments Fair Value Measurement and Disclosures The following table shows the composition of our investment portfolio as of September 30, 2022, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 2,167,964 $ 2,146,200 $ — $ — $ 2,146,200 Second Lien Secured Debt 106,145 85,450 — — 85,450 Structured Products and Other 16,998 8,748 — — 8,748 Preferred Equity 42,432 38,765 — — 38,765 Common Equity/Interests 385,152 184,302 1,033 323 182,946 Warrants 135 80 — — 80 Total Investments $ 2,718,826 $ 2,463,545 $ 1,033 $ 323 $ 2,462,189 The following table shows the composition of our investments portfolio as of March 31, 2022, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 2,261,481 $ 2,259,506 $ — $ — $ 2,259,506 Second Lien Secured Debt 116,073 97,844 — — 97,844 Structured Products and Other 16,998 10,038 — — 10,038 Preferred Equity 41,152 30,162 — — 30,162 Common Equity/Interests 309,990 125,524 1,230 — 124,294 Warrants 135 99 — — 99 Total Investments $ 2,745,829 $ 2,523,173 $ 1,230 $ — $ 2,521,943 The following table shows changes in the fair value of our Level 3 investments during the three months ended September 30, 2022: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of June 30, 2022 $ 2,297,105 $ 93,910 $ — $ 8,957 $ 30,953 $ 102,186 $ 98 $ 2,533,209 Net realized gains (losses) ( 462 ) — — — — — — ( 462 ) Net change in unrealized gains (losses) ( 7,670 ) ( 5,070 ) — ( 209 ) 6,562 ( 3,569 ) ( 18 ) ( 9,974 ) Net amortization on investments 3,244 2,775 — — — — — 6,019 Purchases, including capitalized PIK (3) 113,223 62 — — 1,250 110,846 — 225,381 Sales (3) ( 273,908 ) ( 6,227 ) — — — ( 26,517 ) — ( 306,652 ) Transfers out of Level 3 (1) — — — — — — — — Transfers into Level 3 (1) 14,668 — — — — — — 14,668 Fair value as of September 30, 2022 $ 2,146,200 $ 85,450 $ — $ 8,748 $ 38,765 $ 182,946 $ 80 $ 2,462,189 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30,2022 $ ( 7,816 ) $ ( 4,214 ) $ — $ ( 208 ) $ 6,561 $ ( 3,569 ) $ ( 18 ) $ ( 9,264 ) The following table shows changes in the fair value of our Level 3 investments during the six months ended September 30, 2022: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of March 31, 2022 $ 2,259,506 $ 97,844 $ — $ 10,038 $ 30,162 $ 124,294 $ 99 $ 2,521,943 Net realized gains (losses) ( 624 ) ( 27 ) — — — 503 — ( 148 ) Net change in unrealized gains (losses) ( 19,485 ) ( 2,464 ) — ( 1,290 ) 7,323 ( 16,157 ) ( 19 ) ( 32,092 ) Net amortization on investments 7,249 2,832 — — — — — 10,081 Purchases, including capitalized PIK (3) 328,031 203 — — 1,280 135,971 — 465,485 Sales (3) ( 444,519 ) ( 11,221 ) — — — ( 61,313 ) — ( 517,053 ) Transfers out of Level 3 (1) ( 344 ) ( 1,717 ) — — — ( 352 ) — ( 2,413 ) Transfers into Level 3 (1) 16,386 — — — — — — 16,386 Fair value as of September 30, 2022 $ 2,146,200 $ 85,450 $ — $ 8,748 $ 38,765 $ 182,946 $ 80 $ 2,462,189 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2022 $ ( 19,913 ) $ ( 3,705 ) $ — $ ( 1,290 ) $ 7,323 $ ( 16,043 ) $ ( 19 ) $ ( 33,647 ) (1) Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. (2) Includes unfunded commitments measured at fair value of $( 4,563 ). (3) Includes reorganizations and restructuring of investments. The following table shows changes in the fair value of our Level 3 investments during the three months ended September 30, 2021: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of June 30, 2021 $ 2,000,093 $ 175,938 $ 22,000 $ 11,675 $ 22,279 $ 247,787 $ 1,851 $ 2,481,623 Net realized gains (losses) ( 42,724 ) ( 19,805 ) — — — — — ( 62,529 ) Net change in unrealized gains (losses) 76,199 23,643 — ( 906 ) 175 ( 34,602 ) ( 94 ) 64,415 Net amortization on investments 2,592 334 — — — — — 2,926 Purchases, including capitalized PIK (3) 374,815 — — 25 449 44,312 — 419,601 Sales (3) ( 174,594 ) ( 34,959 ) — — — ( 84,586 ) — ( 294,139 ) Transfers out of Level 3 (1) — — — — — — — — Transfers into Level 3 (1) — — — — — — — — Fair value as of September 30, 2021 $ 2,236,381 $ 145,151 $ 22,000 $ 10,794 $ 22,903 $ 172,911 $ 1,757 $ 2,611,897 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2021 $ 2,025 $ 5,155 $ — $ ( 898 ) $ 175 $ ( 1,336 ) $ ( 94 ) $ 5,027 The following table shows changes in the fair value of our Level 3 investments during the six months ended September 30, 2021: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of March 31, 2021 $ 1,907,807 $ 237,609 $ 22,000 $ 11,289 $ 22,537 $ 245,830 $ 1,595 $ 2,448,667 Net realized gains (losses) ( 42,444 ) ( 19,805 ) — — — — — ( 62,249 ) Net change in unrealized gains (losses) 84,476 17,891 — ( 520 ) ( 82 ) ( 30,685 ) 162 71,242 Net amortization on investments 6,949 1,645 — — — — — 8,594 Purchases, including capitalized PIK (3) 669,328 487 — 25 448 46,312 — 716,600 Sales (3) ( 379,017 ) ( 92,676 ) — — — ( 88,546 ) — ( 560,239 ) Transfers out of Level 3 (1) ( 10,718 ) — — — — — — ( 10,718 ) Transfers into Level 3 (1) — — — — — — — — Fair value as of September 30, 2021 $ 2,236,381 $ 145,151 $ 22,000 $ 10,794 $ 22,903 $ 172,911 $ 1,757 $ 2,611,897 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2021 $ 5,046 $ 1,352 $ — $ ( 512 ) $ ( 82 ) $ 3,699 $ 162 $ 9,665 (1) Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. (2) Includes unfunded commitments measured at fair value of $( 4,933 ). (3) Includes reorganizations and restructuring of investments. The following tables summarize the significant unobservable inputs the Company used to value its investments categorized within Level 3 as of September 30, 2022 and March 31, 2022. In addition to the techniques and inputs noted in the tables below, according to our valuation policy we may also use other valuation techniques and methodologies when determining our fair value measurements. The below tables are not intended to be all-inclusive, but rather provide information on the significant unobservable inputs as they relate to the Company’s determination of fair values. The unobservable inputs used in the fair value measurement of our Level 3 investments as of September 30, 2022 were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Category Fair Value Valuation Techniques/Methodologies Unobservable Input Range Weighted Average (1) First Lien Secured Debt $ 150,000 Discounted Cash Flow Discount Rate 11.0 % 12.0 % 12.0 % Residual Value Residual Value N/A N/A N/A 24,194 Recent Transaction Recent Transaction N/A N/A N/A 2,883 Recovery Analysis Recoverable Amount N/A N/A N/A 1,969,123 Yield Analysis Discount Rate 6.3 % 53.8 % 11.1 % Second Lien Secured Debt 7,048 Market Comparable Technique Comparable Multiple 11.0 x 11.0 x 11.0 x 40 Recovery Analysis Recoverable Amount N/A N/A N/A 63,888 Yield Analysis Discount Rate 12.6 % 15.7 % 13.9 % 239 Sale Proceeds Sale Proceeds N/A N/A N/A 14,235 Broker Quoted Broker Quote N/A N/A N/A Structured Products and Other 8,748 Yield Analysis Discount Rate 12.5 % 12.5 % 12.5 % Preferred Equity 34,376 Market Comparable Technique Comparable Multiple 2.3 x 18.8 x 12.2 x 2,050 Option Pricing Model Expected Volatility 100.0 % 100.0 % 100.0 % 2,250 Recent Transaction Recent Transaction N/A N/A N/A 11 Recovery Analysis Recoverable Amount N/A N/A N/A 78 Residual Value Residual Value N/A N/A N/A — Yield Analysis Discount Rate 12.5 % 12.5 % 0.0 % Common Equity/Interests 115,609 Discounted Cash Flow Discount Rate 11.0 % 11.0 % 11.0 % Residual Value Residual Value N/A N/A N/A 13,361 Market Comparable Technique Comparable Multiple 6.0 x 30.5 x 13.1 x 46,813 Recent Transaction Recent Transaction N/A N/A N/A 5,796 Recovery Analysis Recoverable Amount N/A N/A N/A 445 Yield Analysis Discount Rate 12.5 % 12.5 % 12.5 % 50 Market Comparable Technique Comparable Multiple 22.5 x 22.5 x 22.5 x Option Pricing Model Expected Volatility 30.0 % 30.0 % 30.0 % 872 Yield Analysis Discount Rate 6.7 % 6.7 % 6.7 % Market Comparable Technique Comparable Multiple 11.5 x 11.5 x 11.5 x Warrants 80 Option Pricing Model Expected Volatility 50.0 % 50.0 % 50.0 % Total Level 3 Investments $ 2,462,189 _________________ (1) The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. The unobservable inputs used in the fair value measurement of our Level 3 investments as of March 31, 2022 were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Category Fair Value Valuation Techniques/Methodologies Unobservable Input Range Weighted Average (1) First Lien Secured Debt $ 275,000 Discounted Cash Flow Discount Rate 12.0 % 12.0 % 12.0 % Residual Value Residual Value N/A N/A N/A 62,975 Recent Transaction Recent Transaction N/A N/A N/A 558 Recovery Analysis Recoverable Amount N/A N/A N/A 28,798 Recovery Analysis Sale Proceeds N/A N/A N/A 1,892,175 Yield Analysis Discount Rate 5.1 % 52.3 % 8.9 % Second Lien Secured Debt 5,657 Market Comparable Technique Comparable Multiple 12.3 x 12.3 x 12.3 x 6,444 Recovery Analysis Recoverable Amount N/A N/A N/A 85,743 Yield Analysis Discount Rate 6.9 % 19.1 % 13.0 % Structured Products and Other 10,038 Discounted Cash Flow Discount Rate 9.8 % 9.8 % 9.8 % Preferred Equity 355 Discounted Cash Flow Discount Rate 10.0 % 10.0 % 10.0 % 24,741 Market Comparable Technique Comparable Multiple 0.1 x 22.8 x 14.4 x 4,988 Option Pricing Model Expected Volatility 80.0 % 80.0 % 80.0 % 78 Residual Value Residual Value N/A N/A N/A — Yield Analysis Discount Rate 52.3 % 52.3 % 52.3 % Common Equity/Interests 613 Discounted Cash Flow Discount Rate 10.0 % 52.3 % 10.0 % 57,782 Discounted Cash Flow Discount Rate 10.1 % 11.0 % 10.6 % Residual Value Residual Value N/A N/A N/A 14,766 Market Comparable Technique Comparable Multiple 0.1 x 20.9 x 10.9 x 42,331 Recent Transaction Recent Transaction N/A N/A N/A — Recovery Analysis Recoverable Amount N/A N/A N/A 7,762 Recovery Analysis Sale Proceeds N/A N/A N/A 85 Market Comparable Technique Comparable Multiple 22.8 x 22.8 x 22.8 x Option Pricing Model Expected Volatility 30.0 % 30.0 % 30.0 % 325 N/A - Public N/A - Public N/A N/A N/A 630 Sale Proceeds Sale Proceeds N/A N/A N/A Warrants 99 Option Pricing Model Expected Volatility 60.0 % 60.0 % 60.0 % Total Level 3 Investments $ 2,521,943 ____________________ (1) The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. The significant unobservable inputs used in the fair value measurement of the Company’s debt and equity securities are primarily earnings before interest, taxes, depreciation and amortization (“EBITDA”) comparable multiples and market discount rates. The Company typically uses EBITDA comparable multiples on its equity securities to determine the fair value of investments. The Company uses market discount rates for debt securities to determine if the effective yield on a debt security is commensurate with the market yields for that type of debt security. If a debt security’s effective yield is significantly less than the market yield for a similar debt security with a similar credit profile, the resulting fair value of the debt security may be lower. For certain investments where fair value is derived based on a recovery analysis, the Company uses underlying commodity prices from third party market pricing services to determine the fair value and/or recoverable amount, which represents the proceeds expected to be collected through asset sales or liquidation. Further, for certain investments, the Company also considered the probability of future events which are not in management’s control. Significant increases or decreases in any of these inputs in isolation would result in a significantly lower or higher fair value measurement. The significant unobservable inputs used in the fair value measurement of the structured products include the discount rate applied in the valuation models in addition to default and recovery rates applied to projected cash flows in the valuation models. Specifically, when a discounted cash flow model is used to determine fair value, the significant input used in the valuation model is the discount rate applied to present value the projected cash flows. Increases in the discount rate can significantly lower the fair value of an investment; conversely decreases in the discount rate can significantly increase the fair value of an investment. The discount rate is determined based on the market rates an investor would expect for a similar investment with similar risks. For certain investments such as warrants, the Company may use an option pricing technique, of which the applicable method is the Black-Scholes Option Pricing Method (“BSM”), to perform valuations. The BSM is a model of price variation over time of financial instruments, such as equity, that is used to determine the price of call or put options. Various inputs are required but the primary unobservable input into the BSM model is the underlying asset volatility. Investment Transactions For the three and six months ended September 30, 2022, purchases of investments on a trade date basis were $ 113,314 and $ 340,736 , respectively. F or the three and six months ended September 30, 2021, purchases of investments on a trade date basis were $ 290,095 and $ 585,308 , respectively. For the three and six mont hs ended September 30, 2022, sales and repayments (including prepayments and unamortized fees) of investments on a trade date basis were $ 195,952 and $ 379,955 , res pectively. For the three and six months ended September 30, 2021, sales and repayments (including prepayments and unamortized fees) of investments on a trade date basis were $ 176,280 and $ 442,387 , respectively. PIK Income The Company holds loans and other investments, including certain preferred equity investments, that have contractual PIK income. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. During the three and six months ended September 30, 2022, PIK income ear ned was $ 856 and $ 1,811 , r espectively. During the three and six months ended September 30, 2021, PIK income earned was $ 933 and $ 2,468 , respectively. The following table shows the change in capitalized PIK balance for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 PIK balance at beginning of period $ 39,835 $ 43,733 $ 39,228 $ 41,947 PIK income capitalized 674 941 1,405 2,727 Adjustments due to investments exited or written off ( 12,095 ) ( 7,037 ) ( 12,219 ) ( 7,037 ) PIK income received in cash — — — — PIK balance at end of period $ 28,414 $ 37,637 $ 28,414 $ 37,637 Dividend Income on CLOs The Company holds structured products and other investments. The CLO equity investments are entitled to recurring distributions which are generally equal to the excess cash flow generated from the underlying investments after payment of the contractual payments to debt holders and fund expenses. The Company records as dividend income the accretable yield from its beneficial interests in structured products such as CLOs based upon a number of cash flow assumptions that are subject to uncertainties and contingencies. During the three and six months ended September 30, 2022, dividend income from structured products wa s $ 220 and $ 531 , respectively. During the three and six months ended September 30, 2021, dividend income from structured products was $ 338 and $ 649 , respectively. Investments on Non-Accrual Status As of September 30, 2022, 1.8 % of total investments at amortized cost, or 1.0 % of total investments at fair value, were on non-accrual status. As of March 31, 2022, 1.3 % of total investments at amortized cost, or 0.6 % of total investments at fair value, were on non-accrual status. Unconsolidated Significant Subsidiaries The following unconsolidated subsidiaries are considered significant subsidiaries under SEC Regulation S-X Rule 10-01(b)(1) as of September 30, 2022. Accordingly, summarized, unaudited, comparative financial information is presented below for the unconsolidated significant subsidiary. Merx Aviation Finance, LLC Merx Aviation Finance, LLC and its subsidiaries are principally engaged in acquiring and leasing commercial aircraft to airlines. Its focus is on current generation aircraft, held either domestically or internationally. Merx may acquire fleets of aircraft primarily through securitized, non-recourse debt or individual aircraft. Merx may outsource its aircraft servicing requirements to third parties that have the global staff and expertise necessary to complete such tasks. The following table shows unaudited summarized financial information for Merx: Six Months Ended September 30, 2022 2021 Net revenue $ 72,950 $ 109,141 Net operating income 8,007 37,412 Earnings (loss) before taxes 1,592 5,438 Net profit (loss) 1,567 6,995 Net profit (loss) after taxes attributable to non-controlling interests ( 193 ) ( 2,470 ) Net profit (loss) after taxes attributable to Merx Aviation 1,760 9,465 |
Debt and Foreign Currency Trans
Debt and Foreign Currency Transactions and Translations | 6 Months Ended |
Sep. 30, 2022 | |
Debt And Foreign Currency Transactions And Translations [Abstract] | |
Debt and Foreign Currency Transactions and Translations | Note 6. Debt and Foreign Currency Transactions and Translations On April 4, 2018, the Company’s Board of Directors, including a “required majority” (as defined in Section 57(o) of the Investment Company Act of 1940, as amended) of the Board, approved the application of the modified asset coverage requirements set forth in Section 61(a)(2) of the Investment Company Act of 1940. As a result, effective on April 4, 2019, our asset coverage requirement applicable to senior securities was reduced from 200 % to 150 % (i.e., the revised regulatory leverage limitation permits BDCs to double the amount of borrowings, such that we would be able to borrow up to two dollars for every dollar we have in assets less all liabilities and indebtedness not represented by senior securities issued by us). The Company’s outstanding debt obligations as of September 30, 2022 were as follows: Date Issued/ Total Aggregate Principal Amount Committed Principal Amount Outstanding Fair Value Final Maturity Date Senior Secured Facility 12/22/2020 $ 1,810,000 ** $ 1,033,760 * $ 1,033,683 (1 ) 12/22/2025 2025 Notes 3/3/2015 350,000 350,000 328,333 (2 ) 3/3/2025 2026 Notes 7/16/2021 125,000 125,000 107,820 (2 ) 7/16/2026 Total Debt Obligations $ 2,285,000 $ 1,508,760 $ 1,469,836.00 Deferred Financing Costs and Debt Discount ( 4,360 ) Total Debt Obligations, net of Deferred Financing Cost and Debt Discount $ 1,504,400 ____________________ * Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note to the financial statements. ** Lender commitments will remain $ 1,810,000 through November 19, 2022 and will then decrease to $ 1,705,000 thereafter. (1) The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of September 30, 2022. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. (2) The fair value of these debt obligations would be categorized as Level 2 under ASC 820 as of September 30, 2022. The valuation is based on broker quoted prices. The Company’s outstanding debt obligations as of March 31, 2022 were as follows: Date Issued/ Total Aggregate Principal Amount Committed Principal Amount Outstanding Fair Value Final Maturity Date Senior Secured Facility 12/22/2020 $ 1,810,000 ** $ 1,080,468 * $ 1,080,468 (1 ) 12/22/2025 2025 Notes 3/3/2015 350,000 350,000 350,399 (2 ) 3/3/2025 2026 Notes 7/16/2021 125,000 125,000 117,687 (2 ) 7/16/2026 Total Debt Obligations $ 2,285,000 $ 1,555,468 $ 1,548,554 Deferred Financing Costs and Debt Discount $ ( 4,860 ) Total Debt Obligations, net of Deferred Financing Cost and Debt Discount $ 1,550,608 ___________________ * Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note to the financial statements. ** Lender commitments will remain $ 1,810,000 through November 19, 2022 and will then decrease to $ 1,705,000 thereafter. (1) The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of March 31, 2022. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. (2) The fair value of these debt obligations would be categorized as Level 2 under ASC 820 as of March 31, 2022. The valuation is based on broker quoted prices. Senior Secured Facility On December 22, 2020, the Company amended and restated its senior secured, multi-currency, revolving credit facility (the “Senior Secured Facility”), previously amended and restated as of November 19, 2018. Lender commitments in the amended and restated agreement will remain $ 1,810,000 through November 19, 2022 and will decrease to $ 1,705,000 thereafter. The amended and restated agreement extended the final maturity date through December 22, 2025 , and includes an accordion provision which allows the Company to increase the total commitments under the existing revolving facility up to an aggregate principal amount of $ 2,715,000 from new or existing lenders on the same terms and conditions as the existing commitments. The Senior Secured Facility is secured by substantially all of the assets in the Company’s portfolio, including cash and cash equivalents. Commencing December 22, 2024 , the Company is required to repay, in twelve consecutive monthly installments of equal size, the outstanding amount under the Senior Secured Facility as of December 22, 2024. In addition, the stated interest rate on the facility remains as a formula-based calculation based on a minimum borrowing base, resulting in a stated interest rate, depending on the type of borrowing, of (a) either LIBOR plus 1.75 % per annum or LIBOR plus 2.00 % per annum, or (b) either Alternate Base Rate plus 0.75 % per annum or Alternate Base Rate plus 1 % per annum. As of September 30, 2022, the stated interest rate on the facility was LIBOR plus 2.00 % or the Sterling Overnight Index Average (“SONIA”) plus 2.00 %. The Company is required to pay a commitment fee of 0.375 % per annum on any unused portion of the Senior Secured Facility and participation fees and fronting fees of up to 2.25 % per annum on the letters of credit issued. The Senior Secured Facility contains affirmative and restrictive covenants, events of default and other customary provisions for similar debt facilities, including: (a) periodic financial reporting requirements, (b) maintaining minimum stockholders’ equity of the greater of (i) 30 % of the total assets of the Company and its consolidated subsidiaries as of the last day of any fiscal quarter and (ii) the sum of (A) $ 705,000 plus (B) 25 % of the net proceeds from the sale of equity interests in the Company after the closing date of the Senior Secured Facility, (c) maintaining a ratio of total assets, less total liabilities (other than indebtedness) to total indebtedness, in each case of the Company and its consolidated subsidiaries, of not less than 1.5 :1.0, (d) limitations on the incurrence of additional indebtedness, including a requirement to meet a certain minimum liquidity threshold before the Company can incur such additional debt, (e) limitations on liens, (f) limitations on investments (other than in the ordinary course of the Company’s business), (g) limitations on mergers and disposition of assets (other than in the normal course of the Company’s business activities), (h) limitations on the creation or existence of agreements that permit liens on properties of the Company’s consolidated subsidiaries and (i) limitations on the repurchase or redemption of certain unsecured debt and debt securities. In addition to the asset coverage ratio described in clause (c) of the preceding sentence, borrowings under the Senior Secured Facility (and the incurrence of certain other permitted debt) are subject to compliance with a borrowing base that applies different advance rates to different types of assets in the Company’s portfolio. The advance rate applicable to any specific type of asset in the Company’s portfolio will also depend on the relevant asset coverage ratio as of the date of determination. Borrowings under the Senior Secured Facility will also continue to be subject to the leverage restrictions contained in the Investment Company Act of 1940, as amended. The Senior Secured Facility also provides for the issuance of letters of credit up to an aggregate amount of $ 150,000 . As of September 30, 2022 and March 31, 2022, the Company had $ 34,487 and $ 26,877 , respectively, in standby letters of credit issued through the Senior Secured Facility. The amount available for borrowing under the Senior Secured Facility is reduced by any standby letters of credit issued through the Senior Secured Facility. Under GAAP, these letters of credit are considered commitments because no funding has been made and as such are not considered a liability. These letters of credit are not senior securities because they are not in the form of a typical financial guarantee and the portfolio companies are obligated to refund any drawn amounts. The available remaining capacity under the Senior Secured Facility was $ 741,753 a nd $ 702,655 as of September 30, 2022 and March 31, 2022, respectively. Terms used in this disclosure have the meanings set forth in the Senior Secured Facility agreement. Senior Unsecured Notes 2025 Notes On March 3, 2015, the Company issued $ 350,000 aggregate principal amount of senior unsecured notes for net proceeds of $ 343,650 (the “2025 Notes”). The 2025 Notes will mature on March 3, 2025 . Interest on the 2025 Notes is due semi-annually on March 3 and September 3, at an annual rate of 5.25 %, commencing on September 3, 2015 . The 2025 Notes are general, unsecured obligations and rank equal in right of payment with all of our existing and future senior unsecured indebtedness 2026 Notes On July 16, 2021, the Company issued $ 125,000 aggregate principal amount of general unsecured notes for net proceeds of $ 122,965 (the “2026 Notes”). The 2026 Notes will mature on July 16, 2026 . Interest on the 2026 Notes is due semi-annually on January 16 and July 16, at an annual rate of 4.50 %, commencing on January 16, 2022 . The 2026 Notes are general, unsecured obligations and rank equal in right of payment with all of our existing and future senior unsecured indebtedness. The following table summarizes the average and maximum debt outstanding, and the interest and debt issuance cost for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 Average debt outstanding $ 1,539,332 $ 1,539,062 $ 1,579,696 $ 1,499,635 Maximum amount of debt outstanding 1,597,794 1,608,285 1,669,385 1,608,285 Weighted average annualized interest cost (1) 4.79 % 3.20 % 4.21 % 3.14 % Annualized amortized debt issuance cost 0.38 % 0.40 % 0.37 % 0.40 % Total annualized interest cost 5.17 % 3.60 % 4.58 % 3.54 % ____________________ (1) Includes the stated interest expense and commitment fees on the unused portion of the Senior Secured Facility. Commitment fees for the three and six months ended September 30, 202 2 were $ 677 and $ 1,276 , respectively. Commitment fees for the three and six months ended September 30, 2021 were $ 689 and $ 1,349 respectively. Foreign Currency Transactions and Translations The Company had the following foreign-denominated debt outstanding on the Senior Secured Facility as of September 30, 2022: Original Principal Amount (Local) Original Principal Amount (USD) Principal Amount Outstanding Unrealized Gain/(Loss) Reset Date British Pound £ 41,000 $ 51,037 $ 45,797 $ ( 5,240 ) 11/30/2022 Total $ 51,037 $ 45,797 $ ( 5,240 ) The Company had the following foreign-denominated debt outstanding on the Senior Secured Facility as of March 31, 2022: Original Principal Amount (Local) Original Principal Amount (USD) Principal Amount Outstanding Unrealized Gain/(Loss) Reset Date British Pound £ 41,000 $ 51,037 $ 53,866 $ ( 2,829 ) 4/29/2022 Australian Dollar A$ 6,200 4,543 4,639 ( 96 ) 4/29/2022 Total $ 55,580 $ 58,505 $ ( 2,925 ) As of September 30, 2022 and March 31, 2022, the Company was in compliance with all debt covenants for all outstanding debt obligations. |
Stockholders' Equity
Stockholders' Equity | 6 Months Ended |
Sep. 30, 2022 | |
Equity [Abstract] | |
Stockholders' Equity | Note 7. Stockholders’ Equity As described in more detail below, the Fund issued approximately $ 30,000 of common stock during the three months ended September 30, 2022 and did no t conduct any equity offerings during the fiscal year ended March 31, 2022. The Company adopted the following plans, approved by the Board of Directors, for the purpose of repurchasing its common stock in accordance with applicable rules specified in the Securities Exchange Act of 1934 (the “1934 Act”) (the “Repurchase Plans”): Date of Agreement/Amendment Maximum Cost of Shares That May Be Repurchased Cost of Shares Repurchased Remaining Cost of Shares That May Be Repurchased August 5, 2015 $ 50,000 $ 50,000 $ — December 14, 2015 50,000 50,000 — September 14, 2016 50,000 50,000 — October 30, 2018 50,000 50,000 — February 6, 2019 50,000 45,809 4,191 February 3, 2022 25,000 — 25,000 Total as of September 30, 2022 $ 275,000 $ 245,809 $ 29,191 The Repurchase Plans were designed to allow the Company to repurchase its shares both during its open window periods and at times when it otherwise might be prevented from doing so under applicable insider trading laws or because of self-imposed trading blackout periods. A broker selected by the Company will have the authority under the terms and limitations specified in an agreement with the Company to repurchase shares on the Company’s behalf in accordance with the terms of the Repurchase Plans. Repurchases are subject to SEC regulations as well as certain price, market volume and timing constraints specified in the Repurchase Plans. Pursuant to the Repurchase Plans, the Company may from time to time repurchase a portion of its shares of common stock and the Company is hereby notifying stockholders of its intention as required by applicable securities laws. Under the Repurchase Plans described above, the Company allocated the following amounts to be repurchased in accordance with SEC Rule 10b5-1 (the “10b5-1 Repurchase Plans”): Effective Date Termination Date Amount Allocated to 10b5-1 Repurchase Plans September 15, 2015 November 5, 2015 $ 5,000 January 1, 2016 February 5, 2016 10,000 April 1, 2016 May 19, 2016 5,000 July 1, 2016 August 5, 2016 15,000 September 30, 2016 November 8, 2016 20,000 January 4, 2017 February 6, 2017 10,000 March 31, 2017 May 19, 2017 10,000 June 30, 2017 August 7, 2017 10,000 October 2, 2017 November 6, 2017 10,000 January 3, 2018 February 8, 2018 10,000 June 18, 2018 August 9, 2018 10,000 September 17, 2018 October 31, 2018 10,000 December 12, 2018 February 7, 2019 10,000 February 25, 2019 May 17, 2019 25,000 March 18, 2019 May 17, 2019 10,000 June 4, 2019 August 7, 2019 25,000 June 17, 2019 August 7, 2019 20,000 September 16, 2019 November 6, 2019 20,000 December 6, 2019 February 5, 2020 25,000 December 16, 2019 February 5, 2020 15,000 March 12, 2020 March 19, 2020 20,000 March 30, 2021 May 21, 2021 10,000 June 16, 2021 November 5, 2021 10,000 December 16, 2021 August 3, 2022 5,000 During the six months ended September 30, 2022, the Company repurchased 128,522 shares at a weighted average price per share of $ 12.74 , inclusive of commissions, for a total cost of $ 1,638 . This represents a discount of approximately 18.24 % of the average net asset value per share for the six months ended September 30, 2022. During the six months ended September 30, 2021, the Company repurchased 596,525 shares at a weighted average price per share of $ 13.30 , inclusive of commissions, for a total cost of $ 7,931 . This represents a discount of approximately 16.85 % of the average net asset value per share for the six months ended September 30, 2021. Since the inception of the Repurchase Plans through September 30, 2022, the Company repurchased 15,395,036 shares at a weighted average price per share of $ 15.97 , inclusive of commissions, for a total cost of $ 245,809 . Including fractional shares, the Company has repurchased 15,395,066 shares at a weighted average price per share of $ 15.97 , inclusive of commissions for a total cost of $ 245,810 . On October 30, 2018, the Company’s Board of Directors approved a one-for- three reverse stock split of the Company’s common stock which was effective as of the close of business on November 30, 2018. The Company's common stock began trading on a split-adjusted basis on December 3, 2018. The fractional shares that resulted from the Reverse Stock Split were approximately 29 shares and they were canceled by paying cash in lieu of the fair value. On July 22, 2019, the Board of Directors approved Articles of Amendment which amended the Company’s charter to reduce the amount of authorized capital stock from 400,000,000 shares, par value $ 0.001 per share, to 130,000,000 shares, par value $ 0.001 per share. The Articles of Amendment were accepted for record by the Department of Assessments and Taxation of the State of Maryland on July 22, 2019 and immediately became effective. On August 2, 2022, the Company entered into a share subscription agreement (“Purchase Agreement”) with MFIC Holdings, LP, a subsidiary of MidCap FinCo Designated Activity Company (together with its subsidiaries, “MidCap Financial”), a middle-market specialty finance firm discretionarily managed by an affiliate of the Company's investment adviser, in connection with the issuance and sale of the Company's common stock, par value $ 0.001 per share (the “Offering”). Pursuant to the Purchase Agreement, the Company issued 1,932,641 shares of its common stock at a purchase price of $ 15.52 per share, the net asset value per share of the Company's common stock as of June 30, 2022. The total proceeds of the offering excluding expenses was approximately $ 30,000,000 . The shares will be subject to a two-year lock-up period. MidCap Financial agreed to bear any expenses that the Company may incur in connection with the offering of its shares of common stock in connection with the Offering greater than $ 300,000 . |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Sep. 30, 2022 | |
Commitments And Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 8. Commitments and Contingencies The Company has various commitments to fund various revolving and delayed draw senior secured and subordinated loans, including commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. As of September 30, 2022 and March 31, 2022, the Company had the following unfunded commitments to its portfolio companies: September 30, 2022 March 31, 2022 Unfunded revolver obligations and bridge loan commitments (1) $ 157,807 $ 182,645 Standby letters of credit issued and outstanding (2) 39,523 31,188 Unfunded delayed draw loan commitments (including commitments with performance thresholds not met) (3) 209,342 272,787 Total Unfunded Commitments (4) $ 406,672 $ 486,620 ____________________ (1) The unfunded revolver obligations may or may not be funded to the borrowing party in the future. The amounts relate to loans with various maturity dates, but the entire amount was eligible for funding to the borrowers as of September 30, 2022 and March 31, 2022, subject to the terms of each loan’s respective credit agreements which includes borrowing covenants that need to be met prior to funding. As of September 30, 2022 and March 31, 2022, the bridge loan commitments included in the balances were $ 0 and $ 0 , respectiv ely. (2) For all these letters of credit issued and outstanding, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. None of the letters of credit issued and outstanding are recorded as a liability on the Company’s Statements of Assets and Liabilities as such letters of credit are considered in the valuation of the investments in the portfolio company. (3) The Company’s commitment to fund delayed draw loans is triggered upon the satisfaction of certain pre-negotiated terms and conditions which can include covenants to maintain specified leverage levels and other related borrowing base covenants. For commitments to fund delayed draw loans with performance thresholds, borrowers are required to meet certain performance requirements before the Company is obligated to fulfill these commitments. (4) The Company also had an unfunded revolver commitment to its fully controlled affiliate Merx Aviation Finance, LLC of $ 50,000 and $ 25,000 as of September 30, 2022 and March 31, 2022, respectively. Given the Company’s controlling interest, the timing and the amount of the funding has not been determined. |
Financial Highlights
Financial Highlights | 6 Months Ended |
Sep. 30, 2022 | |
Investment Company Financial Highlights [Abstract] | |
Financial Highlights | Note 9. Financial Highlights The following is a schedule of financial highlights for the six months ended September 30, 2022 and 2021 . Six Months Ended September 30, 2022 Six Months Ended September 30, 2021 (Unaudited) (Unaudited) Per Share Data* Net asset value at beginning of period $ 15.79 $ 15.88 Net investment income (1) 0.72 0.72 Net realized and change in unrealized gains (losses) (1) ( 0.38 ) 0.17 Net increase in net assets resulting from operations 0.34 0.88 Distribution of net investment income (2) ( 0.68 ) ( 0.72 ) Distribution of return of capital (2) — — Accretion due to share repurchases 0.01 0.02 Net asset value at end of period $ 15.45 $ 16.07 Per share market value at end of period $ 10.22 $ 12.97 Total return (3) ( 17.79 )% ( 0.37 )% Shares outstanding at end of period 65,451,359 64,662,651 Weighted average shares outstanding 64,150,905 65,115,530 Ratio/Supplemental Data Net assets at end of period (in millions) $ 1,011.0 $ 1,039.1 Annualized ratio of operating expenses to average net assets (4)(5) 5.96 % 5.81 % Annualized ratio of interest and other debt expenses to average net assets (5) 7.23 % 5.10 % Annualized ratio of total expenses to average net assets (4)(5) 13.19 % 10.91 % Annualized ratio of net investment income to average net assets (5) 9.20 % 8.94 % Average debt outstanding (in millions) $ 1,580.0 $ 1,499.6 Average debt per share $ 24.63 $ 23.03 Annualized portfolio turnover rate (5) 27.05 % 35.04 % Asset coverage per unit (6) $ 1,655 $ 1,648 ____________________ * Totals may not foot due to rounding. (1) Financial highlights are based on the weighted average number of shares outstanding for the period presented. (2) The tax character of distributions are determined based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. Although the tax character of distributions paid to stockholders through September 30, 2022 may include return of capital, the exact amount cannot be determined at this point. Per share amounts are based on actual rate per share. (3) Total return is based on the change in market price per share during the respective periods. Total return also takes into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. Total return does not reflect sales load. (4) The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets are shown inclusive of all voluntary management and incentive fee waivers (See Note 3 to the financial statements). For the six months ended September 30, 2022, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 6.02 % and 13.32 %, respecti vely, without the voluntary fee waivers. For the six months ended September 30, 2021, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 5.86 % and 10.97 %, respectively, without the voluntary fee waivers. (5) Annualized for the six months ended September 30, 2022 and 2021. (6) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the asset coverage per unit. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Sep. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 10. Subsequent Events Management has evaluated subsequent events through the date of issuance of these financial statements and has determined that there are no subsequent events outside the ordinary scope of business that require adjustment to, or disclosure in, the financial statements other than those disclosed below. On November 3, 2022, the Company's Board changed the Company’s fiscal year end from March 31 to December 31, effective December 31, 2022. Accordingly, the Company will file its next Annual Report on Form 10-K for the fiscal year ended December 31, 2022 with the SEC. The Company will include the necessary financial information for the transition period from March 31, 2022 to December 31, 2022 in its Annual Report. On November 3, 2022 , the Company’s Board of Directors declared a base distribution of $ 0.37 per share, payable on January 5, 2023 to stockholders of record as of December 19, 2022 . There can be no assurances that the Board will continue to declare a base distribution of $ 0.37 per share. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 6 Months Ended |
Sep. 30, 2022 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) pursuant to the requirements on Form 10-Q, ASC 946, Financial Services — Investment Companies (“ASC 946”), and Articles 6, 10 and 12 of Regulation S-X. In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair presentation of the financial statements for the periods presented, have been included. Under the 1940 Act, ASC 946, and the regulations pursuant to Article 6 of Regulation S-X, we are precluded from consolidating any entity other than another investment company or an operating company which provides substantially all of its services to benefit us. These financial statements should be read in conjunction with the audited financial statements and accompanying notes included in our Annual Report on Form 10-K for the year ended March 31, 2022. |
Use of Estimates | Use of Estimates The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amounts of income, expenses, gains and losses during the reported periods. Changes in the economic environment, financial markets, credit worthiness of our portfolio companies, the global outbreak of a novel coronavirus (COVID-19) which began in 2020 and still persists and any other parameters used in determining these estimates could cause actual results to differ materially. |
Cash and Cash Equivalents | Cash and Cash Equivalents The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and near maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less from the date of purchase would qualify, with limited exceptions. The Company deems that certain money market funds, U.S. Treasury bills, repurchase agreements, and other high-quality, short-term debt securities would qualify as cash equivalents. Cash and cash equivalents are carried at cost which approximates fair value. Cash equivalents held as of September 30, 2022 was $ 60,281 . Cash equivalents held as of March 31, 2022 was $ 30,033 . |
Collateral on Option Contracts | Collateral on Option Contracts Collateral on option contracts represents restricted cash held by our counterparty as collateral against our derivative instruments until such contracts mature or are settled upon per agreement of buyer and seller of the contract. In accordance with ASC 230, S tatement of Cash Flows , the Statements of Cash Flows outline the changes in cash, including both restricted and unrestricted cash, cash equivalents and foreign currencies. As of September 30, 2022 and March 31, 2022 the Company did no t hold any derivative contracts. |
Investment Transactions | Investment Transactions Investments are recognized when we assume an obligation to acquire a financial instrument and assume the risks for gains and losses related to that instrument. Investments are derecognized when we assume an obligation to sell a financial instrument and forego the risks for gains or losses related to that instrument. Specifically, we record all security transactions on a trade date basis. Amounts for investments recognized or derecognized but not yet settled are reported as a receivable for investments sold and a payable for investments purchased, respectively, in the Statements of Assets and Liabilities. |
Fair Value Measurements | Fair Value Measurements The Company follows guidance in ASC 820, Fair Value Measurement (“ASC 820”), where fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value measurements are determined within a framework that establishes a three-tier hierarchy which maximizes the use of observable market data and minimizes the use of unobservable inputs to establish a classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, such as the risk inherent in a particular valuation technique used to measure fair value using a pricing model and/or the risk inherent in the inputs for the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company’s own assumptions about the assumptions market participants would use in pricing the asset or liability based on the information available. The inputs or methodology used for valuing assets or liabilities may not be an indication of the risks associated with investing in those assets or liabilities. ASC 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1: Quoted prices in active markets for identical assets or liabilities, accessible by us at the measurement date. Level 2: Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3: Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls has been determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The level assigned to the investment valuations may not be indicative of the risk or liquidity associated with investing in such investments. Because of the inherent uncertainties of valuation, the values reflected in the financial statements may differ materially from the values that would be received upon an actual disposition of such investments. |
Investment Valuation Process | Investment Valuation Process The Board has designated the Investment Adviser as its "valuation designee" pursuant to Rule 2a-5 under the 1940 Act, and in that role the Investment Adviser is responsible for performing fair value determinations relating to all of the Company's investments, including periodically assessing and managing any material valuation risks and establishing and applying fair value methodologies, in accordance with valuation policies and procedures that have been approved by the Company's Board of Directors (the "Board"). Even though the Company's Board of Directors designated the Company's Investment Adviser as "valuation designee," the Company's Board of Directors continues to be responsible for overseeing the processes for determining fair valuation. Under the fund's valuation policies and procedures, the Investment Adviser values investments, including certain secured debt, unsecured debt and other debt securities with maturities greater than 60 days, for which market quotations are readily available, at such market quotations (unless they are deemed not to represent fair value). We attempt to obtain market quotations from at least two brokers or dealers (if available, otherwise from a principal market maker, primary market dealer or other independent pricing service). We utilize mid-market pricing as a practical expedient for fair value unless a different point within the range is more representative. If and when market quotations are unavailable or are deemed not to represent fair value, we typically utilize independent third party valuation firms to assist us in determining fair value. Accordingly, such investments go through our multi-step valuation process as described below. In each case, our independent third party valuation firms consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations for such investments. Investments purchased within the quarter before the valuation date and debt investments with remaining maturities of 60 days or less may each be valued at cost with interest accrued or discount accreted/premium amortized to the date of maturity (although they are typically valued at available market quotations), unless such valuation, in the judgment of our Investment Adviser, does not represent fair value. In this case such investments shall be valued at fair value as determined in good faith by or under the direction of the Investment Adviser including using market quotations where available. Investments that are not publicly traded or whose market quotations are not readily available are valued at fair value as determined in good faith by or under the direction of the Investment Adviser. Such determination of fair values may involve subjective judgments and estimates. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value, our Investment Adviser undertakes a multi-step valuation process each quarter, as described below: 1. Our quarterly valuation process begins with each portfolio company or investment being initially valued by using certain inputs provided, among others, the investment professionals of our Investment Adviser who are responsible for the portfolio investment. 2. Preliminary valuation conclusions are then documented and discussed with senior management of our Investment Adviser. 3. Independent valuation firms are engaged by our Board of Directors to conduct independent appraisals by reviewing our Investment Adviser’s preliminary valuations and then making their own independent assessment. 4. The Investment Adviser discusses valuations and determines in good faith the fair value of each investment in our portfolio based on the input of the applicable independent valuation firm. 5. For Level 3 investments entered into within the current quarter, the cost (purchase price adjusted for accreted original issue discount/amortized premium) or any recent comparable trade activity on the security investment shall be considered to reasonably approximate the fair value of the investment, provided that no material change has since occurred in the issuer’s business, significant inputs or the relevant environment. Investments determined by these valuation procedures which have a fair value of less than $ 1 million during the prior fiscal quarter may be valued based on inputs identified by the Investment Adviser without the necessity of obtaining valuation from an independent valuation firm, if once annually an independent valuation firm using the procedures described herein provides an independent assessment of value. Investments in all asset classes are valued utilizing a market approach, an income approach, or both approaches, as appropriate. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation techniques to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that we may take into account in fair value pricing our investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, seniority of investment in the investee company’s capital structure, call protection provisions, information rights, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, our principal market (as the reporting entity) and enterprise values, among other factors. When readily available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. During the three months ended September 30, 2022, there were no significant changes to the Company’s valuation techniques and related inputs considered in the valuation process. |
Derivative Instruments | Derivative Instruments The Company recognizes all derivative instruments as assets or liabilities at fair value in its financial statements. Derivative contracts entered into by the Company are not designated as hedging instruments, and as a result the Company presents changes in fair value and realized gains or losses through current period earnings. Derivative instruments are measured in terms of the notional contract amount and derive their value based upon one or more underlying instruments. Derivative instruments are subject to various risks similar to non-derivative instruments including market, credit, liquidity, and operational risks. The Company manages these risks on an aggregate basis as part of its risk management process. The derivatives may require the Company to pay or receive an upfront fee or premium. These upfront fees or premiums are carried forward as cost or proceeds to the derivatives. Exchange-traded derivatives which include put and call options are valued based on the last reported sales price on the date of valuation. Over-the-counter (“OTC”) derivatives, including credit default swaps, are valued by the Investment Adviser using quotations from counterparties. In instances where models are used, the value of the OTC derivative is derived from the contractual terms of, and specific risks inherent in, the instrument as well as the availability and reliability of observable inputs, such as credit spreads. As of September 30, 2022 and March 31, 2022, the Company did no t hold any derivative contracts. |
Offsetting Assets and Liabilities | Offsetting Assets and Liabilities The Company has elected not to offset cash collateral against the fair value of derivative contracts. The fair values of these derivatives are presented on a gross basis, even when derivatives are subject to master netting agreements. As of September 30, 2022 and March 31, 2022, the Company did no t hold any derivative contracts. |
Valuation of Other Financial Assets and Financial Liabilities | Valuation of Other Financial Assets and Financial Liabilities ASC 825, Financial Instruments , permits an entity to choose, at specified election dates, to measure certain assets and liabilities at fair value (the “Fair Value Option”). We have not elected the Fair Value Option to report selected financial assets and financial liabilities. Debt issued by the Company is reported at amortized cost (see Note 6 to the financial statements). The carrying value of all other financial assets and liabilities approximates fair value due to their short maturities or their close proximity of the originations to the measurement date. |
Realized Gains or Losses | Realized Gains or Losses Security transactions are accounted for on a trade date basis. Realized gains or losses on investments are calculated by using the specific identification method. Securities that have been called by the issuer are recorded at the call price on the call effective date. |
Investment Income Recognition | Investment Income Recognition The Company records interest and dividend income, adjusted for amortization of premium and accretion of discount, on an accrual basis. Some of our loans and other investments, including certain preferred equity investments, may have contractual payment-in-kind (“PIK”) interest or dividends. PIK income computed at the contractual rate is accrued into income and reflected as receivable up to the capitalization date. PIK investments offer issuers the option at each payment date of making payments in cash or in additional securities. When additional securities are received, they typically have the same terms, including maturity dates and interest rates as the original securities issued. On these payment dates, the Company capitalizes the accrued interest or dividends receivable (reflecting such amounts as the basis in the additional securities received). PIK generally becomes due at maturity of the investment or upon the investment being called by the issuer. At the point the Company believes PIK is not fully expected to be realized, the PIK investment will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest or dividends are reversed from the related receivable through interest or dividend income, respectively. The Company does not reverse previously capitalized PIK interest or dividends. Upon capitalization, PIK is subject to the fair value estimates associated with their related investments. PIK investments on non-accrual status are restored to accrual status if the Company believes that PIK is expected to be realized. Investments that are expected to pay regularly scheduled interest and/or dividends in cash are generally placed on non-accrual status when principal or interest/dividend cash payments are past due 30 days or more and/or when it is no longer probable that principal or interest/dividend cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest or dividends are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining interest or dividend obligations. Interest or dividend cash payments received on non-accrual designated investments may be recognized as income or applied to principal depending upon management’s judgment. Loan origination fees, original issue discount (“OID”), and market discounts are capitalized and accreted into interest income over the respective terms of the applicable loans using the effective interest method or straight-line, as applicable. Upon the prepayment of a loan, prepayment premiums, any unamortized loan origination fees, OID, or market discounts are recorded as interest income. Other income generally includes amendment fees, bridge fees, and structuring fees which are recorded when earned. The Company records as dividend income the accretable yield from its beneficial interests in structured products such as CLOs based upon a number of cash flow assumptions that are subject to uncertainties and contingencies. Such assumptions include the rate and timing of principal and interest receipts (which may be subject to prepayments and defaults) of the underlying pool of assets. These assumptions are updated on at least a quarterly basis to reflect changes related to a particular security, actual historical data, and market changes. A structured product investment typically has an underlying pool of assets. Payments on structured product investments are and will be payable solely from the cash flows from such assets. As such, any unforeseen event in these underlying pools of assets might impact the expected recovery of principal and future accrual of income. |
Expenses | Expenses Expenses include management fees, performance-based incentive fees, interest expense, insurance expenses, administrative service fees, legal fees, directors’ fees, audit and tax service expenses, third-party valuation fees and other general and administrative expenses. Expenses are recognized on an accrual basis. |
Financing Costs | Financing Costs The Company records expenses related to shelf filings and applicable offering costs as deferred financing costs in the Statements of Assets and Liabilities. To the extent such expenses relate to equity offerings, these expenses are charged as a reduction of capital upon utilization, in accordance with ASC 946-20-25, or charged to expense if no offering is completed. The Company records origination and other expenses related to its debt obligations as deferred financing costs. The deferred financing cost for all outstanding debt is presented as a direct deduction from the carrying amount of the related debt liability, except that incurred under the Senior Secured Facility (as defined in Note 6 to the financial statements), which the Company presents as an asset on the Statements of Assets and Liabilities. These expenses are deferred and amortized as part of interest expense using the straight-line method over the stated life of the obligation which approximates the effective yield method. In the event that we modify or extinguish our debt before maturity, the Company follows the guidance in ASC 470-50, Modification and Extinguishments (“ASC 470-50”). For modifications to or exchanges of our Senior Secured Facility (as defined in Note 6 to the financial statements), any unamortized deferred financing costs relating to lenders who are not part of the new lending group are expensed. For extinguishments of our senior secured notes and senior unsecured notes, any unamortized deferred financing costs are deducted from the carrying amount of the debt in determining the gain or loss from the extinguishment. |
Foreign Currency Translations | Foreign Currency Translations The accounting records of the Company are maintained in U.S. dollars. All assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the foreign exchange rate on the date of valuation. The Company does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. The Company’s investments in foreign securities may involve certain risks, including without limitation: foreign exchange restrictions, expropriation, taxation or other political, social or economic risks, all of which could affect the market and/or credit risk of the investment. In addition, changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments and therefore the earnings of the Company. |
Dividends and Distributions | Dividends and Distributions Dividends and distributions to common stockholders are recorded as of the ex-dividend date. The amount to be paid out as a distribution is determined by the Board of Directors each quarter. Net realized capital gains, if any, are generally distributed or deemed distributed at least annually. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies. |
Share Repurchases | Share Repurchases In connection with the Company’s share repurchase program, the cost of shares repurchased is charged to net assets on the trade date. |
Federal and State Income Taxes | Federal and State Income Taxes We have elected to be treated as a RIC under the Code and operate in a manner so as to qualify for the tax treatment applicable to RICs. To qualify as a RIC, the Company must (among other requirements) meet certain source-of-income and asset diversification requirements and timely distribute to its stockholders at least 90 % of its investment company taxable income as defined by the Code, for each year. The Company (among other requirements) has made and intends to continue to make the requisite distributions to its stockholders, which will generally relieve the Company from corporate-level income taxes. For income tax purposes, distributions made to stockholders are reported as ordinary income, capital gains, non-taxable return of capital, or a combination thereof. The tax character of distributions paid to stockholders through September 30, 2022 may include return of capital, however, the exact amount cannot be determined at this point. The final determination of the tax character of distributions will not be made until we file our tax return for the tax year ending March 31, 2023. The character of income and gains that we will distribute is determined in accordance with income tax regulations that may differ from GAAP. Book and tax basis differences relating to stockholder dividend and distributions and other permanent book and tax difference are reclassified to paid-in capital. If we do not distribute (or are not deemed to have distributed) at least 98 % of our annual ordinary income and 98.2 % of our capital gains in the calendar year earned, we will generally be required to pay excise tax equal to 4 % of the amount by which 98 % of our annual ordinary income and 98.2 % of our capital gains exceed the distributions from such taxable income for the year. To the extent that we determine that our estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such taxable income, we accrue excise taxes, if any, on estimated undistributed taxable income. If we fail to satisfy the annual distribution requirement or otherwise fail to qualify as a RIC in any taxable year, we would be subject to tax on all of our taxable income at regular corporate rates. Distribution would generally be taxable to our individual and other non-corporate taxable stockholders as ordinary dividend income eligible for the reduced maximum rate applicable to qualified dividend income to the extent of our current and accumulated earnings and profits provided certain holding period and other requirements are met. Subject to certain limitation under the Code, corporate distributions would be eligible for the dividend-received deduction. To qualify again to be taxed as a RIC in a subsequent year, we would be required to distribute to our stockholders our accumulated earnings and profits attributable to non RIC years. In addition, if we failed to qualify as a RIC for a period greater than two taxable years, then, in order to qualify as a RIC in a subsequent year, we would be required to elect to recognize and pay tax on any net built-in gain (the excess of aggregate gain, including items of income, over aggregate loss that would have been realized if we had been liquidated) or, alternatively, be subject to taxation on such built-in gain recognized for a period of five years. We follow ASC 740, Income Taxes (“ASC 740”). ASC 740 provides guidance for how uncertain tax positions should be recognized, measured, presented, and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken or expected to be taken in the course of preparing our tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. Penalties or interest, if applicable, that may be assessed relating to income taxes would be classified as other operating expenses in the financial statements. As of September 30, 2022, there were no uncertain tax positions and no amounts accrued for interest or penalties. Management’s determinations regarding ASC 740 may be subject to review and adjustment at a later date based upon factors including, but not limited to, an on-going analysis of tax laws, regulations and interpretations thereof. Although we file both federal and state income tax returns, our major tax jurisdiction is federal. |
Retroactive Adjustments for Common Stock Reverse Split | Retroactive Adjustments for Common Stock Reverse Split The Company’s Board of Directors approved a one-for- three reverse stock split of the Company’s common stock on October 30, 2018, which was effective as of close of business as of November 30, 2018 (the “Reverse Stock Split”). All common share and common per share amounts in the financial statements and notes thereto have been retroactively adjusted for all periods presented to give effect to this reverse stock split as disclosed in Note 7 . |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In March 2020, the FASB issued ASU No. 2020-04, “Reference Rate Reform (Topic 848),” which provides optional expedients and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments apply only to contracts, hedging relationships, and other transactions that reference London Interbank Offered Rate (“LIBOR”) or another reference rate expected to be discontinued because of reference rate reform. In January 2021, the FASB issued ASU No. 2021-01, Reference Rate Reform (Topic 848), which expanded the scope of Topic 848 to include derivative instruments impacted by discounting transition. ASU 2020-04 and ASU 2021-01 are effective for all entities through December 31, 2022. The expedients and exceptions provided by the amendments do not apply to contract modifications and hedging relationships entered into or evaluated after December 31, 2022, except for hedging transactions as of December 31, 2022, that an entity has elected certain optional expedients for and that are retained through the end of the hedging relationship. The Company is currently evaluating the impact of the adoption of ASU 2020-04 and 2021-01 on its consolidated financial statements. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Earnings (Loss) Per Share | The following table sets forth the computation of earnings (loss) per share (“EPS”), pursuant to ASC 260-10, for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 Basic Earnings Per Share Net increase (decrease) in net assets resulting from operations $ 15,993 $ 25,441 $ 21,653 $ 57,584 Weighted average shares outstanding 64,737,122 65,031,131 64,150,905 65,115,530 Basic earnings (loss) per share $ 0.25 $ 0.39 $ 0.34 $ 0.88 |
Investments (Tables)
Investments (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Schedule Of Investments [Abstract] | |
Schedule of Composition of Investment Portfolio | The following table shows the composition of our investment portfolio as of September 30, 2022, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 2,167,964 $ 2,146,200 $ — $ — $ 2,146,200 Second Lien Secured Debt 106,145 85,450 — — 85,450 Structured Products and Other 16,998 8,748 — — 8,748 Preferred Equity 42,432 38,765 — — 38,765 Common Equity/Interests 385,152 184,302 1,033 323 182,946 Warrants 135 80 — — 80 Total Investments $ 2,718,826 $ 2,463,545 $ 1,033 $ 323 $ 2,462,189 The following table shows the composition of our investments portfolio as of March 31, 2022, with the fair value disaggregated into the three levels of the fair value hierarchy in accordance with ASC 820: Fair Value Hierarchy Cost Fair Value Level 1 Level 2 Level 3 First Lien Secured Debt $ 2,261,481 $ 2,259,506 $ — $ — $ 2,259,506 Second Lien Secured Debt 116,073 97,844 — — 97,844 Structured Products and Other 16,998 10,038 — — 10,038 Preferred Equity 41,152 30,162 — — 30,162 Common Equity/Interests 309,990 125,524 1,230 — 124,294 Warrants 135 99 — — 99 Total Investments $ 2,745,829 $ 2,523,173 $ 1,230 $ — $ 2,521,943 |
Schedule of Changes in Fair Value of Investments | The following table shows changes in the fair value of our Level 3 investments during the three months ended September 30, 2022: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of June 30, 2022 $ 2,297,105 $ 93,910 $ — $ 8,957 $ 30,953 $ 102,186 $ 98 $ 2,533,209 Net realized gains (losses) ( 462 ) — — — — — — ( 462 ) Net change in unrealized gains (losses) ( 7,670 ) ( 5,070 ) — ( 209 ) 6,562 ( 3,569 ) ( 18 ) ( 9,974 ) Net amortization on investments 3,244 2,775 — — — — — 6,019 Purchases, including capitalized PIK (3) 113,223 62 — — 1,250 110,846 — 225,381 Sales (3) ( 273,908 ) ( 6,227 ) — — — ( 26,517 ) — ( 306,652 ) Transfers out of Level 3 (1) — — — — — — — — Transfers into Level 3 (1) 14,668 — — — — — — 14,668 Fair value as of September 30, 2022 $ 2,146,200 $ 85,450 $ — $ 8,748 $ 38,765 $ 182,946 $ 80 $ 2,462,189 Net change in unrealized gains (losses) on Level 3 investments still held as of September 30,2022 $ ( 7,816 ) $ ( 4,214 ) $ — $ ( 208 ) $ 6,561 $ ( 3,569 ) $ ( 18 ) $ ( 9,264 ) The following table shows changes in the fair value of our Level 3 investments during the six months ended September 30, 2022: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of March 31, 2022 $ 2,259,506 $ 97,844 $ — $ 10,038 $ 30,162 $ 124,294 $ 99 $ 2,521,943 Net realized gains (losses) ( 624 ) ( 27 ) — — — 503 — ( 148 ) Net change in unrealized gains (losses) ( 19,485 ) ( 2,464 ) — ( 1,290 ) 7,323 ( 16,157 ) ( 19 ) ( 32,092 ) Net amortization on investments 7,249 2,832 — — — — — 10,081 Purchases, including capitalized PIK (3) 328,031 203 — — 1,280 135,971 — 465,485 Sales (3) ( 444,519 ) ( 11,221 ) — — — ( 61,313 ) — ( 517,053 ) Transfers out of Level 3 (1) ( 344 ) ( 1,717 ) — — — ( 352 ) — ( 2,413 ) Transfers into Level 3 (1) 16,386 — — — — — — 16,386 Fair value as of September 30, 2022 $ 2,146,200 $ 85,450 $ — $ 8,748 $ 38,765 $ 182,946 $ 80 $ 2,462,189 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2022 $ ( 19,913 ) $ ( 3,705 ) $ — $ ( 1,290 ) $ 7,323 $ ( 16,043 ) $ ( 19 ) $ ( 33,647 ) (1) Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. (2) Includes unfunded commitments measured at fair value of $( 4,563 ). (3) Includes reorganizations and restructuring of investments. The following table shows changes in the fair value of our Level 3 investments during the three months ended September 30, 2021: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of June 30, 2021 $ 2,000,093 $ 175,938 $ 22,000 $ 11,675 $ 22,279 $ 247,787 $ 1,851 $ 2,481,623 Net realized gains (losses) ( 42,724 ) ( 19,805 ) — — — — — ( 62,529 ) Net change in unrealized gains (losses) 76,199 23,643 — ( 906 ) 175 ( 34,602 ) ( 94 ) 64,415 Net amortization on investments 2,592 334 — — — — — 2,926 Purchases, including capitalized PIK (3) 374,815 — — 25 449 44,312 — 419,601 Sales (3) ( 174,594 ) ( 34,959 ) — — — ( 84,586 ) — ( 294,139 ) Transfers out of Level 3 (1) — — — — — — — — Transfers into Level 3 (1) — — — — — — — — Fair value as of September 30, 2021 $ 2,236,381 $ 145,151 $ 22,000 $ 10,794 $ 22,903 $ 172,911 $ 1,757 $ 2,611,897 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2021 $ 2,025 $ 5,155 $ — $ ( 898 ) $ 175 $ ( 1,336 ) $ ( 94 ) $ 5,027 The following table shows changes in the fair value of our Level 3 investments during the six months ended September 30, 2021: First Lien Secured Debt (2) Second Lien Secured Debt (2) Unsecured Debt Structured Products and Other Preferred Equity Common Equity/ Warrants Total Fair value as of March 31, 2021 $ 1,907,807 $ 237,609 $ 22,000 $ 11,289 $ 22,537 $ 245,830 $ 1,595 $ 2,448,667 Net realized gains (losses) ( 42,444 ) ( 19,805 ) — — — — — ( 62,249 ) Net change in unrealized gains (losses) 84,476 17,891 — ( 520 ) ( 82 ) ( 30,685 ) 162 71,242 Net amortization on investments 6,949 1,645 — — — — — 8,594 Purchases, including capitalized PIK (3) 669,328 487 — 25 448 46,312 — 716,600 Sales (3) ( 379,017 ) ( 92,676 ) — — — ( 88,546 ) — ( 560,239 ) Transfers out of Level 3 (1) ( 10,718 ) — — — — — — ( 10,718 ) Transfers into Level 3 (1) — — — — — — — — Fair value as of September 30, 2021 $ 2,236,381 $ 145,151 $ 22,000 $ 10,794 $ 22,903 $ 172,911 $ 1,757 $ 2,611,897 Net change in unrealized gains (losses) on Level 3 investments still held as of September,30,2021 $ 5,046 $ 1,352 $ — $ ( 512 ) $ ( 82 ) $ 3,699 $ 162 $ 9,665 (1) Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. (2) Includes unfunded commitments measured at fair value of $( 4,933 ). (3) Includes reorganizations and restructuring of investments. |
Summary of Unobservable Inputs Used in Fair Value Measurements of Level 3 Investments | The following tables summarize the significant unobservable inputs the Company used to value its investments categorized within Level 3 as of September 30, 2022 and March 31, 2022. In addition to the techniques and inputs noted in the tables below, according to our valuation policy we may also use other valuation techniques and methodologies when determining our fair value measurements. The below tables are not intended to be all-inclusive, but rather provide information on the significant unobservable inputs as they relate to the Company’s determination of fair values. The unobservable inputs used in the fair value measurement of our Level 3 investments as of September 30, 2022 were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Category Fair Value Valuation Techniques/Methodologies Unobservable Input Range Weighted Average (1) First Lien Secured Debt $ 150,000 Discounted Cash Flow Discount Rate 11.0 % 12.0 % 12.0 % Residual Value Residual Value N/A N/A N/A 24,194 Recent Transaction Recent Transaction N/A N/A N/A 2,883 Recovery Analysis Recoverable Amount N/A N/A N/A 1,969,123 Yield Analysis Discount Rate 6.3 % 53.8 % 11.1 % Second Lien Secured Debt 7,048 Market Comparable Technique Comparable Multiple 11.0 x 11.0 x 11.0 x 40 Recovery Analysis Recoverable Amount N/A N/A N/A 63,888 Yield Analysis Discount Rate 12.6 % 15.7 % 13.9 % 239 Sale Proceeds Sale Proceeds N/A N/A N/A 14,235 Broker Quoted Broker Quote N/A N/A N/A Structured Products and Other 8,748 Yield Analysis Discount Rate 12.5 % 12.5 % 12.5 % Preferred Equity 34,376 Market Comparable Technique Comparable Multiple 2.3 x 18.8 x 12.2 x 2,050 Option Pricing Model Expected Volatility 100.0 % 100.0 % 100.0 % 2,250 Recent Transaction Recent Transaction N/A N/A N/A 11 Recovery Analysis Recoverable Amount N/A N/A N/A 78 Residual Value Residual Value N/A N/A N/A — Yield Analysis Discount Rate 12.5 % 12.5 % 0.0 % Common Equity/Interests 115,609 Discounted Cash Flow Discount Rate 11.0 % 11.0 % 11.0 % Residual Value Residual Value N/A N/A N/A 13,361 Market Comparable Technique Comparable Multiple 6.0 x 30.5 x 13.1 x 46,813 Recent Transaction Recent Transaction N/A N/A N/A 5,796 Recovery Analysis Recoverable Amount N/A N/A N/A 445 Yield Analysis Discount Rate 12.5 % 12.5 % 12.5 % 50 Market Comparable Technique Comparable Multiple 22.5 x 22.5 x 22.5 x Option Pricing Model Expected Volatility 30.0 % 30.0 % 30.0 % 872 Yield Analysis Discount Rate 6.7 % 6.7 % 6.7 % Market Comparable Technique Comparable Multiple 11.5 x 11.5 x 11.5 x Warrants 80 Option Pricing Model Expected Volatility 50.0 % 50.0 % 50.0 % Total Level 3 Investments $ 2,462,189 _________________ (1) The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. The unobservable inputs used in the fair value measurement of our Level 3 investments as of March 31, 2022 were as follows: Quantitative Information about Level 3 Fair Value Measurements Asset Category Fair Value Valuation Techniques/Methodologies Unobservable Input Range Weighted Average (1) First Lien Secured Debt $ 275,000 Discounted Cash Flow Discount Rate 12.0 % 12.0 % 12.0 % Residual Value Residual Value N/A N/A N/A 62,975 Recent Transaction Recent Transaction N/A N/A N/A 558 Recovery Analysis Recoverable Amount N/A N/A N/A 28,798 Recovery Analysis Sale Proceeds N/A N/A N/A 1,892,175 Yield Analysis Discount Rate 5.1 % 52.3 % 8.9 % Second Lien Secured Debt 5,657 Market Comparable Technique Comparable Multiple 12.3 x 12.3 x 12.3 x 6,444 Recovery Analysis Recoverable Amount N/A N/A N/A 85,743 Yield Analysis Discount Rate 6.9 % 19.1 % 13.0 % Structured Products and Other 10,038 Discounted Cash Flow Discount Rate 9.8 % 9.8 % 9.8 % Preferred Equity 355 Discounted Cash Flow Discount Rate 10.0 % 10.0 % 10.0 % 24,741 Market Comparable Technique Comparable Multiple 0.1 x 22.8 x 14.4 x 4,988 Option Pricing Model Expected Volatility 80.0 % 80.0 % 80.0 % 78 Residual Value Residual Value N/A N/A N/A — Yield Analysis Discount Rate 52.3 % 52.3 % 52.3 % Common Equity/Interests 613 Discounted Cash Flow Discount Rate 10.0 % 52.3 % 10.0 % 57,782 Discounted Cash Flow Discount Rate 10.1 % 11.0 % 10.6 % Residual Value Residual Value N/A N/A N/A 14,766 Market Comparable Technique Comparable Multiple 0.1 x 20.9 x 10.9 x 42,331 Recent Transaction Recent Transaction N/A N/A N/A — Recovery Analysis Recoverable Amount N/A N/A N/A 7,762 Recovery Analysis Sale Proceeds N/A N/A N/A 85 Market Comparable Technique Comparable Multiple 22.8 x 22.8 x 22.8 x Option Pricing Model Expected Volatility 30.0 % 30.0 % 30.0 % 325 N/A - Public N/A - Public N/A N/A N/A 630 Sale Proceeds Sale Proceeds N/A N/A N/A Warrants 99 Option Pricing Model Expected Volatility 60.0 % 60.0 % 60.0 % Total Level 3 Investments $ 2,521,943 ____________________ (1) The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. |
Summary of Change in Capitalized PIK balance | The following table shows the change in capitalized PIK balance for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 PIK balance at beginning of period $ 39,835 $ 43,733 $ 39,228 $ 41,947 PIK income capitalized 674 941 1,405 2,727 Adjustments due to investments exited or written off ( 12,095 ) ( 7,037 ) ( 12,219 ) ( 7,037 ) PIK income received in cash — — — — PIK balance at end of period $ 28,414 $ 37,637 $ 28,414 $ 37,637 |
Summary of Unaudited Summarized Financial Information of Subsidiary | The following table shows unaudited summarized financial information for Merx: Six Months Ended September 30, 2022 2021 Net revenue $ 72,950 $ 109,141 Net operating income 8,007 37,412 Earnings (loss) before taxes 1,592 5,438 Net profit (loss) 1,567 6,995 Net profit (loss) after taxes attributable to non-controlling interests ( 193 ) ( 2,470 ) Net profit (loss) after taxes attributable to Merx Aviation 1,760 9,465 |
Debt and Foreign Currency Tra_2
Debt and Foreign Currency Transactions and Translations (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Debt And Foreign Currency Transactions And Translations [Abstract] | |
Schedule of Outstanding Debt Obligations | The Company’s outstanding debt obligations as of September 30, 2022 were as follows: Date Issued/ Total Aggregate Principal Amount Committed Principal Amount Outstanding Fair Value Final Maturity Date Senior Secured Facility 12/22/2020 $ 1,810,000 ** $ 1,033,760 * $ 1,033,683 (1 ) 12/22/2025 2025 Notes 3/3/2015 350,000 350,000 328,333 (2 ) 3/3/2025 2026 Notes 7/16/2021 125,000 125,000 107,820 (2 ) 7/16/2026 Total Debt Obligations $ 2,285,000 $ 1,508,760 $ 1,469,836.00 Deferred Financing Costs and Debt Discount ( 4,360 ) Total Debt Obligations, net of Deferred Financing Cost and Debt Discount $ 1,504,400 ____________________ * Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note to the financial statements. ** Lender commitments will remain $ 1,810,000 through November 19, 2022 and will then decrease to $ 1,705,000 thereafter. (1) The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of September 30, 2022. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. (2) The fair value of these debt obligations would be categorized as Level 2 under ASC 820 as of September 30, 2022. The valuation is based on broker quoted prices. The Company’s outstanding debt obligations as of March 31, 2022 were as follows: Date Issued/ Total Aggregate Principal Amount Committed Principal Amount Outstanding Fair Value Final Maturity Date Senior Secured Facility 12/22/2020 $ 1,810,000 ** $ 1,080,468 * $ 1,080,468 (1 ) 12/22/2025 2025 Notes 3/3/2015 350,000 350,000 350,399 (2 ) 3/3/2025 2026 Notes 7/16/2021 125,000 125,000 117,687 (2 ) 7/16/2026 Total Debt Obligations $ 2,285,000 $ 1,555,468 $ 1,548,554 Deferred Financing Costs and Debt Discount $ ( 4,860 ) Total Debt Obligations, net of Deferred Financing Cost and Debt Discount $ 1,550,608 ___________________ * Includes foreign currency debt obligations as outlined in Foreign Currency Transactions and Translations within this note to the financial statements. ** Lender commitments will remain $ 1,810,000 through November 19, 2022 and will then decrease to $ 1,705,000 thereafter. (1) The fair value of these debt obligations would be categorized as Level 3 under ASC 820 as of March 31, 2022. The valuation is based on a yield analysis and discount rate commensurate with the market yields for similar types of debt. (2) The fair value of these debt obligations would be categorized as Level 2 under ASC 820 as of March 31, 2022. The valuation is based on broker quoted prices. |
Summary of Average and Maximum Debt Outstanding, Interest and Debt Issuance Cost | The following table summarizes the average and maximum debt outstanding, and the interest and debt issuance cost for the three and six months ended September 30, 2022 and 2021: Three Months Ended September 30, Six Months Ended September 30, 2022 2021 2022 2021 Average debt outstanding $ 1,539,332 $ 1,539,062 $ 1,579,696 $ 1,499,635 Maximum amount of debt outstanding 1,597,794 1,608,285 1,669,385 1,608,285 Weighted average annualized interest cost (1) 4.79 % 3.20 % 4.21 % 3.14 % Annualized amortized debt issuance cost 0.38 % 0.40 % 0.37 % 0.40 % Total annualized interest cost 5.17 % 3.60 % 4.58 % 3.54 % ____________________ (1) Includes the stated interest expense and commitment fees on the unused portion of the Senior Secured Facility. Commitment fees for the three and six months ended September 30, 202 2 were $ 677 and $ 1,276 , respectively. Commitment fees for the three and six months ended September 30, 2021 were $ 689 and $ 1,349 respectively. |
Schedule of Foreign-denominated Debt Outstanding | The Company had the following foreign-denominated debt outstanding on the Senior Secured Facility as of September 30, 2022: Original Principal Amount (Local) Original Principal Amount (USD) Principal Amount Outstanding Unrealized Gain/(Loss) Reset Date British Pound £ 41,000 $ 51,037 $ 45,797 $ ( 5,240 ) 11/30/2022 Total $ 51,037 $ 45,797 $ ( 5,240 ) The Company had the following foreign-denominated debt outstanding on the Senior Secured Facility as of March 31, 2022: Original Principal Amount (Local) Original Principal Amount (USD) Principal Amount Outstanding Unrealized Gain/(Loss) Reset Date British Pound £ 41,000 $ 51,037 $ 53,866 $ ( 2,829 ) 4/29/2022 Australian Dollar A$ 6,200 4,543 4,639 ( 96 ) 4/29/2022 Total $ 55,580 $ 58,505 $ ( 2,925 ) |
Stockholders' Equity (Tables)
Stockholders' Equity (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Equity [Abstract] | |
Schedule of Repurchase Plans | The Company adopted the following plans, approved by the Board of Directors, for the purpose of repurchasing its common stock in accordance with applicable rules specified in the Securities Exchange Act of 1934 (the “1934 Act”) (the “Repurchase Plans”): Date of Agreement/Amendment Maximum Cost of Shares That May Be Repurchased Cost of Shares Repurchased Remaining Cost of Shares That May Be Repurchased August 5, 2015 $ 50,000 $ 50,000 $ — December 14, 2015 50,000 50,000 — September 14, 2016 50,000 50,000 — October 30, 2018 50,000 50,000 — February 6, 2019 50,000 45,809 4,191 February 3, 2022 25,000 — 25,000 Total as of September 30, 2022 $ 275,000 $ 245,809 $ 29,191 |
Summary of Allocated Amounts to be Repurchased | Under the Repurchase Plans described above, the Company allocated the following amounts to be repurchased in accordance with SEC Rule 10b5-1 (the “10b5-1 Repurchase Plans”): Effective Date Termination Date Amount Allocated to 10b5-1 Repurchase Plans September 15, 2015 November 5, 2015 $ 5,000 January 1, 2016 February 5, 2016 10,000 April 1, 2016 May 19, 2016 5,000 July 1, 2016 August 5, 2016 15,000 September 30, 2016 November 8, 2016 20,000 January 4, 2017 February 6, 2017 10,000 March 31, 2017 May 19, 2017 10,000 June 30, 2017 August 7, 2017 10,000 October 2, 2017 November 6, 2017 10,000 January 3, 2018 February 8, 2018 10,000 June 18, 2018 August 9, 2018 10,000 September 17, 2018 October 31, 2018 10,000 December 12, 2018 February 7, 2019 10,000 February 25, 2019 May 17, 2019 25,000 March 18, 2019 May 17, 2019 10,000 June 4, 2019 August 7, 2019 25,000 June 17, 2019 August 7, 2019 20,000 September 16, 2019 November 6, 2019 20,000 December 6, 2019 February 5, 2020 25,000 December 16, 2019 February 5, 2020 15,000 March 12, 2020 March 19, 2020 20,000 March 30, 2021 May 21, 2021 10,000 June 16, 2021 November 5, 2021 10,000 December 16, 2021 August 3, 2022 5,000 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Commitments And Contingencies Disclosure [Abstract] | |
Summary of Unfunded Commitments | As of September 30, 2022 and March 31, 2022, the Company had the following unfunded commitments to its portfolio companies: September 30, 2022 March 31, 2022 Unfunded revolver obligations and bridge loan commitments (1) $ 157,807 $ 182,645 Standby letters of credit issued and outstanding (2) 39,523 31,188 Unfunded delayed draw loan commitments (including commitments with performance thresholds not met) (3) 209,342 272,787 Total Unfunded Commitments (4) $ 406,672 $ 486,620 ____________________ (1) The unfunded revolver obligations may or may not be funded to the borrowing party in the future. The amounts relate to loans with various maturity dates, but the entire amount was eligible for funding to the borrowers as of September 30, 2022 and March 31, 2022, subject to the terms of each loan’s respective credit agreements which includes borrowing covenants that need to be met prior to funding. As of September 30, 2022 and March 31, 2022, the bridge loan commitments included in the balances were $ 0 and $ 0 , respectiv ely. (2) For all these letters of credit issued and outstanding, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. None of the letters of credit issued and outstanding are recorded as a liability on the Company’s Statements of Assets and Liabilities as such letters of credit are considered in the valuation of the investments in the portfolio company. (3) The Company’s commitment to fund delayed draw loans is triggered upon the satisfaction of certain pre-negotiated terms and conditions which can include covenants to maintain specified leverage levels and other related borrowing base covenants. For commitments to fund delayed draw loans with performance thresholds, borrowers are required to meet certain performance requirements before the Company is obligated to fulfill these commitments. (4) The Company also had an unfunded revolver commitment to its fully controlled affiliate Merx Aviation Finance, LLC of $ 50,000 and $ 25,000 as of September 30, 2022 and March 31, 2022, respectively. Given the Company’s controlling interest, the timing and the amount of the funding has not been determined. |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Sep. 30, 2022 | |
Investment Company Financial Highlights [Abstract] | |
Schedule of Financial Highlights | The following is a schedule of financial highlights for the six months ended September 30, 2022 and 2021 . Six Months Ended September 30, 2022 Six Months Ended September 30, 2021 (Unaudited) (Unaudited) Per Share Data* Net asset value at beginning of period $ 15.79 $ 15.88 Net investment income (1) 0.72 0.72 Net realized and change in unrealized gains (losses) (1) ( 0.38 ) 0.17 Net increase in net assets resulting from operations 0.34 0.88 Distribution of net investment income (2) ( 0.68 ) ( 0.72 ) Distribution of return of capital (2) — — Accretion due to share repurchases 0.01 0.02 Net asset value at end of period $ 15.45 $ 16.07 Per share market value at end of period $ 10.22 $ 12.97 Total return (3) ( 17.79 )% ( 0.37 )% Shares outstanding at end of period 65,451,359 64,662,651 Weighted average shares outstanding 64,150,905 65,115,530 Ratio/Supplemental Data Net assets at end of period (in millions) $ 1,011.0 $ 1,039.1 Annualized ratio of operating expenses to average net assets (4)(5) 5.96 % 5.81 % Annualized ratio of interest and other debt expenses to average net assets (5) 7.23 % 5.10 % Annualized ratio of total expenses to average net assets (4)(5) 13.19 % 10.91 % Annualized ratio of net investment income to average net assets (5) 9.20 % 8.94 % Average debt outstanding (in millions) $ 1,580.0 $ 1,499.6 Average debt per share $ 24.63 $ 23.03 Annualized portfolio turnover rate (5) 27.05 % 35.04 % Asset coverage per unit (6) $ 1,655 $ 1,648 ____________________ * Totals may not foot due to rounding. (1) Financial highlights are based on the weighted average number of shares outstanding for the period presented. (2) The tax character of distributions are determined based on taxable income calculated in accordance with income tax regulations which may differ from amounts determined under GAAP. Although the tax character of distributions paid to stockholders through September 30, 2022 may include return of capital, the exact amount cannot be determined at this point. Per share amounts are based on actual rate per share. (3) Total return is based on the change in market price per share during the respective periods. Total return also takes into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. Total return does not reflect sales load. (4) The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets are shown inclusive of all voluntary management and incentive fee waivers (See Note 3 to the financial statements). For the six months ended September 30, 2022, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 6.02 % and 13.32 %, respecti vely, without the voluntary fee waivers. For the six months ended September 30, 2021, the annualized ratio of operating expenses to average net assets and the annualized ratio of total expenses to average net assets would be 5.86 % and 10.97 %, respectively, without the voluntary fee waivers. (5) Annualized for the six months ended September 30, 2022 and 2021. (6) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our total assets, less all liabilities and indebtedness not represented by senior securities, divided by senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the asset coverage per unit. |
Organization - Additional Infor
Organization - Additional Information (Details) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 222 Months Ended | |||||
Aug. 02, 2022 USD ($) $ / shares | Oct. 30, 2018 | Apr. 08, 2004 USD ($) $ / shares shares | Nov. 30, 2018 | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2021 USD ($) | Mar. 31, 2022 USD ($) $ / shares | Sep. 30, 2022 USD ($) $ / shares | Jul. 22, 2019 $ / shares | |
Organization Consolidation And Presentation Of Financial Statements [Abstract] | ||||||||||
Operations commenced date | Apr. 08, 2004 | |||||||||
Proceeds from initial public offering | $ 870,000,000 | |||||||||
Common stock shares issued | shares | 62,000,000 | 1,932,641 | 1,932,641 | |||||||
Common stock issued, price per share | $ / shares | $ 15.52 | $ 15 | ||||||||
Stock issued, reverse stock splits | shares | 20,700,000 | |||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 45 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||
Reverse stock split, conversion ratio | 0.03 | 3 | ||||||||
Net proceeds from additional offerings of common stock | $ 30,000,000,000 | $ 30,000,000 | $ 30,000,000 | $ 0 | $ 2,240,067,000 | |||||
Repurchased common stock value | 1,638,000 | $ 7,931,000 | 245,810,000 | |||||||
Maximum aggregate tranche size of debt investments | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 |
Significant Accounting Polici_3
Significant Accounting Policies - Additional Information (Details) | 1 Months Ended | 6 Months Ended | ||
Oct. 30, 2018 | Nov. 30, 2018 | Sep. 30, 2022 USD ($) Contract | Mar. 31, 2022 USD ($) Contract | |
Significant Accounting Policies [Line Items] | ||||
Cash equivalents | $ 60,281,000 | $ 30,033,000 | ||
Number of derivative contracts held | Contract | 0 | 0 | ||
Investment company annual ordinary income percentage | 98% | |||
Investment company capital gain percentage | 98.20% | |||
Investment company, pay exercise tax equal to percentage of amount of annual income and capital gains exceed distribution from taxable income | 4% | |||
Uncertain tax positions | $ 0 | |||
Interest and penalties accrued | $ 0 | |||
Reverse stock split, conversion ratio | 0.03 | 3 | ||
Reverse stock split, description | The Company’s Board of Directors approved a one-for-three reverse stock split of the Company’s common stock on October 30, 2018, which was effective as of close of business as of November 30, 2018 (the “Reverse Stock Split”). | |||
Maximum | ||||
Significant Accounting Policies [Line Items] | ||||
Investments, fair value | $ 1,000,000 | |||
Investment company taxable income percentage | 90% | |||
Minimum | ||||
Significant Accounting Policies [Line Items] | ||||
Investment company annual ordinary income percentage | 98% |
Related Party Agreements and _2
Related Party Agreements and Transactions - Additional Information (Details) | 3 Months Ended | 6 Months Ended | 48 Months Ended | 57 Months Ended | ||||||||||||
Jan. 01, 2023 | Dec. 31, 2022 | Sep. 01, 2022 USD ($) | Apr. 01, 2020 USD ($) | Jan. 16, 2019 USD ($) | Sep. 30, 2022 USD ($) | Sep. 30, 2021 USD ($) | Sep. 30, 2022 USD ($) Component | Sep. 30, 2021 USD ($) | Dec. 31, 2022 | Dec. 31, 2022 | Mar. 31, 2022 USD ($) | Jul. 01, 2021 USD ($) | ||||
Related Party Transaction [Line Items] | ||||||||||||||||
Performance-based incentive fees | $ 3,976,000 | $ 5,271,000 | $ 5,373,000 | $ 5,271,000 | ||||||||||||
Management fees recognized | 8,914,000 | 9,158,000 | 17,863,000 | 17,972,000 | ||||||||||||
Management and performance-based incentive fees payable | 12,803,000 | 12,803,000 | $ 9,912,000 | |||||||||||||
Administrative services expense | $ 1,301,000 | $ 1,715,000 | $ 2,587,000 | $ 2,985,000 | ||||||||||||
Investment owned, percent of net assets | 243.67% | 243.67% | 251% | |||||||||||||
Investments at fair value | $ 2,463,545,000 | [1],[2],[3],[4] | $ 2,463,545,000 | [1],[2],[3],[4] | $ 2,523,173,000 | [5],[6],[7] | ||||||||||
Investment cost | $ 2,718,826,000 | [1],[3],[8] | $ 2,718,826,000 | [1],[3],[8] | $ 2,745,829,000 | [5],[6],[9] | ||||||||||
Interest rate | 5.17% | 3.60% | 4.58% | 3.54% | ||||||||||||
Administrative Service Expense | Merx Aviation Finance, LLC | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Administrative service expense reimbursements | $ 75,000 | $ 150,000 | ||||||||||||||
Merx Administration Agreement | Administrative Service Expense | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Administrative service expense reimbursements | $ 75,000 | $ 150,000 | ||||||||||||||
Merx Administration Agreement | Interest Expense | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Administrative service expense reimbursements | $ 184,000 | 1,000 | $ 338,000 | 2,000 | ||||||||||||
Co-Investment Holdings | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Investment owned, percent of net assets | 73% | 73% | 71% | |||||||||||||
Investments at fair value | $ 1,804,569,000 | $ 1,804,569,000 | $ 1,783,052,000 | |||||||||||||
Investment owned percent at cost | 67% | 67% | 65% | |||||||||||||
Investment cost | $ 1,819,401,000 | $ 1,819,401,000 | $ 1,780,779,000 | |||||||||||||
AIM | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Performance-based incentive fees | 3,976,000 | 5,271,000 | 5,373,000 | 5,271,000 | ||||||||||||
Management fees recognized | 8,914,000 | 9,158,000 | 17,863,000 | 17,972,000 | ||||||||||||
Management fees waived | 0 | 0 | $ 0 | 0 | ||||||||||||
AIM | Base Management Fee | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Management fee annual rate percentage | 1.75% | |||||||||||||||
Management fee annual rate percentage | 1.50% | |||||||||||||||
Management fee quarter rate percentage | 0.4375% | 0.375% | ||||||||||||||
Management fee annual rate percentage of average gross assets | 1% | |||||||||||||||
Management fee quarter rate percentage of average gross assets | 0.25% | |||||||||||||||
Average gross assets minimum product percentage | 200% | |||||||||||||||
AIM | Base Management Fee | Maximum | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Management fee annual rate percentage of average gross assets | 1.50% | |||||||||||||||
Management fee quarter rate percentage of average gross assets | 0.375% | |||||||||||||||
AIM | Performance-based Incentive Fee | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Number of components consists in incentive fee | Component | 2 | |||||||||||||||
AIM | Incentive Fee based on Income | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Preferred return multiplying net asset percentage | 1.75% | 1.75% | ||||||||||||||
Performance-based incentive fees | 0 | |||||||||||||||
Percentage of pre-incentive fee net investment income | 100% | 100% | ||||||||||||||
Catch-up amount multiplying percentage | 2.1875% | |||||||||||||||
Pre-incentive fee net investment income description | The Company will pay the Investment Adviser an incentive fee with respect to our pre-incentive fee net investment income in each calendar quarter as follows: (1) no incentive fee in any calendar quarter in which our pre-incentive fee net investment income for the trailing twelve quarters does not exceed the preferred return amount.(2) 100% of our pre-incentive fee net investment income for the trailing twelve quarters, if any, that exceeds the preferred return amount but is less than or equal to an amount (the “catch-up amount”) determined by multiplying 2.1875% by the Company’s net asset value at the beginning of each applicable calendar quarter comprising the relevant trailing twelve quarters.(3) for any quarter in which the Company’s pre-incentive fee net investment income for the trailing twelve quarters exceeds the catch-up amount, the incentive fee shall equal 20% of the amount of the Company’s pre-incentive fee net investment income for such trailing twelve quarters. | |||||||||||||||
Percentage of cumulative pre-Incentive fee net return | 17.50% | 20% | ||||||||||||||
Cumulative pre-Incentive fee net return description | “Cumulative Pre-Incentive Fee Net Return” during the relevant trailing twelve quarters means (x) Pre-Incentive Fee Net Investment Income in respect of the trailing twelve quarters less (y) any Net Capital Loss, since April 1, 2018, in respect of the trailing twelve quarters. If, in any quarter, the Incentive Fee Cap is zero or a negative value, the Company shall pay no Incentive Fee on Income to the Investment Adviser in that quarter. | |||||||||||||||
AIM | Incentive Fee based on Income | Legacy Fee | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Catch-up amount multiplying percentage | 2.1875% | |||||||||||||||
Percentage of cumulative pre-Incentive fee net return | 20% | |||||||||||||||
AIM | Incentive Fee based on Income | Current Fee | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Catch-up amount multiplying percentage | 2.1212% | |||||||||||||||
Percentage of cumulative pre-Incentive fee net return | 17.50% | |||||||||||||||
AIM | Incentive Fee based on Income | Maximum | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Percentage of cumulative pre-Incentive fee net return | 17.50% | |||||||||||||||
AIM | Incentive Fee based on Cumulative Net Realized Gains | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Percentage of cumulative pre-Incentive fee net return | 17.50% | 20% | ||||||||||||||
Capital gains incentive fee | 0 | 0 | $ 0 | 0 | ||||||||||||
Incentive fees waived | 0 | 0 | 0 | 0 | ||||||||||||
Management and performance-based incentive fees payable | 12,803,000 | $ 12,803,000 | 9,912,000 | |||||||||||||
AIM | Fee Offset Agreement | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Percentage of management fee revenue earned and incentive fee revenue offset | 20% | |||||||||||||||
Fee offset step down percentage | 10% | |||||||||||||||
Fee offset period | 7 years | |||||||||||||||
Fee offset period description | The fee offset will be in place for seven years, however the incentive fees realized by AIM and its affiliates after this seven-year period from applicable investments that were raised or made within the seven-year period will also be used to offset incentive fees payable to AIM by the Company. | |||||||||||||||
Management fee offset | 87,000 | $ 162,000 | ||||||||||||||
Performance-based incentive fee offset | 147,000 | 147,000 | ||||||||||||||
AIM | Fee Offset Agreement | Minimum | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Aggregate capital of New Aircraft Funds and New Balance Sheet Investments | $ 3,000,000,000 | |||||||||||||||
AIA | Administration Agreement | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Administrative services expense | 1,301,000 | $ 1,715,000 | 2,587,000 | $ 2,985,000 | ||||||||||||
Payable for expenses paid | 0 | 0 | $ 0 | |||||||||||||
Merx Aviation | First Lien Secured Revolver | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Balance of debt amount | $ 150,000 | $ 150,000 | ||||||||||||||
Merx Aviation | First Lien Secured Revolver | Common Equity | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Debt conversion, converted into common equity | $ 110,700 | $ 105,300 | ||||||||||||||
Equity conversion, converted into debt | $ 84,500 | |||||||||||||||
Merx Aviation | Minimum | First Lien Secured Revolver | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Interest rate | 10% | |||||||||||||||
Merx Aviation | Maximum | First Lien Secured Revolver | ||||||||||||||||
Related Party Transaction [Line Items] | ||||||||||||||||
Interest rate | 12% | |||||||||||||||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Fair value is determined in good faith subjct to the oversight of the Board of Directors of the Company (See Note 2 to the financial statements). Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2022: Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of March 31, 2022: The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2022: Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Non-Controlled / Non-Affiliated Investments Advertising, Printing & Publishing $ 43,828 $ — $ — $ — $ — $ 432 $ — $ 44,260 Aerospace & Defense 24,354 — — — — — — 24,354 Automotive 59,915 23,621 — — — 350 — 83,886 Aviation and Consumer Transport 17,147 — — — — — — 17,147 Beverage, Food & Tobacco 103,684 — — — 448 1,409 — 105,541 Business Services 208,368 67,425 — — 89 1,940 — 277,822 Chemicals, Plastics & Rubber 23,212 — — — — — — 23,212 Construction & Building 30,121 — — — — 500 — 30,621 Consumer Goods – Durable 20,699 — — — — 107 — 20,806 Consumer Goods – Non-durable 74,649 — — — 492 2,135 — 77,276 Consumer Services 178,850 — — — — — — 178,850 Diversified Investment Vehicles, Banking, Finance, Real Estate 29,914 — — — — — — 29,914 Education 36,326 — — — — — — 36,326 Energy – Electricity 7,231 — — — 5,623 4 — 12,858 Healthcare & Pharmaceuticals 435,713 — — — 583 1,015 135 437,446 High Tech Industries 290,725 — — — — 1,000 — 291,725 Hotel, Gaming, Leisure, Restaurants 19,317 — — — — — — 19,317 Insurance 82,930 — — — — — — 82,930 Manufacturing, Capital Equipment 29,798 7,963 — — 11,850 249 — 49,860 Media – Diversified & Production 35,641 — — — — — — 35,641 Retail 31,281 — — — — — — 31,281 Telecommunications — 7,095 — — — — — 7,095 Transportation – Cargo, Distribution 51,592 — — — — — — 51,592 Utilities – Electric 14,606 — — — — — — 14,606 Wholesale 46,995 — — — — 798 — 47,793 Total Non-Controlled / $ 1,896,896 $ 106,104 $ — $ — $ 19,085 $ 9,939 $ 135 $ 2,032,159 Non-Controlled / Affiliated Investments Chemicals, Plastics & Rubber $ — $ — $ — $ — $ — $ 78,729 $ — $ 78,729 Consumer Goods - Durable 4,286 — — — — 1,000 — 5,286 Diversified Investment Vehicles, Banking, Finance, Real Estate — — — 16,998 — — — 16,998 Energy – Electricity — — — — 17,347 393 — 17,740 Energy – Oil & Gas — — — — — 12,271 — 12,271 Total Non-Controlled / Affiliated Investments $ 4,286 $ — $ — $ 16,998 $ 17,347 $ 92,393 $ — $ 131,024 See notes to financial statements. 26 Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Controlled Investments Aviation and Consumer Transport $ 150,000 $ — $ — $ — $ — $ 146,500 $ — $ 296,500 Energy – Oil & Gas 17,838 41 — — — 75,554 — 93,433 High Tech Industries 98,944 — — — 6,000 — — 104,944 Transportation – Cargo, Distribution — — — — — 60,766 — 60,766 Total Controlled Investments $ 266,782 $ 41 $ — $ — $ 6,000 $ 282,820 $ — $ 555,643 Total $ 2,167,964 $ 106,145 $ — $ 16,998 $ 42,432 $ 385,152 $ 135 $ 2,718,826 See notes to financial statements. 27 (35) The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of March 31, 2022: |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Computation of Earnings (Loss) Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Basic Earnings Per Share | ||||
Net increase (decrease) in net assets resulting from operations | $ 15,993 | $ 25,441 | $ 21,653 | $ 57,584 |
Weighted average shares outstanding | 64,737,122 | 65,031,131 | 64,150,905 | 65,115,530 |
Earnings (Loss) Per Share — Basic | $ 0.25 | $ 0.39 | $ 0.34 | $ 0.88 |
Investments - Schedule of Compo
Investments - Schedule of Composition of Investment Portfolio (Detail) - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 | ||
Schedule of Investments [Line Items] | ||||
Investment cost | $ 2,718,826 | [1],[2],[3] | $ 2,745,829 | [4],[5],[6] |
Fair Value | 2,463,545 | [1],[2],[7],[8] | 2,523,173 | [4],[5],[9] |
Level 1 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 1,033 | 1,230 | ||
Level 2 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 323 | |||
Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 2,462,189 | 2,521,943 | ||
First Lien Secured Debt | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 2,167,964 | 2,261,481 | ||
Fair Value | 2,146,200 | 2,259,506 | ||
First Lien Secured Debt | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 2,146,200 | 2,259,506 | ||
Second Lien Secured Debt | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 106,145 | 116,073 | ||
Fair Value | 85,450 | 97,844 | ||
Second Lien Secured Debt | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 85,450 | 97,844 | ||
Structured Products And Other | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 16,998 | 16,998 | ||
Fair Value | 8,748 | 10,038 | ||
Structured Products And Other | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 8,748 | 10,038 | ||
Preferred Equity | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 42,432 | 41,152 | ||
Fair Value | 38,765 | 30,162 | ||
Preferred Equity | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 38,765 | 30,162 | ||
Common Equity/Interests | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 385,152 | 309,990 | ||
Fair Value | 184,302 | 125,524 | ||
Common Equity/Interests | Level 1 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 1,033 | 1,230 | ||
Common Equity/Interests | Level 2 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 323 | |||
Common Equity/Interests | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | 182,946 | 124,294 | ||
Warrants - Warrants | ||||
Schedule of Investments [Line Items] | ||||
Investment cost | 135 | 135 | ||
Fair Value | 80 | 99 | ||
Warrants - Warrants | Level 3 | ||||
Schedule of Investments [Line Items] | ||||
Fair Value | $ 80 | $ 99 | ||
[1] Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,130 and $ 336,156 , respectively. Net unrealized loss is $ 278,026 based on a tax cost of $ 2,801,852 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of September 30, 2022: Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Non-Controlled / Non-Affiliated Investments Advertising, Printing & Publishing $ 43,828 $ — $ — $ — $ — $ 432 $ — $ 44,260 Aerospace & Defense 24,354 — — — — — — 24,354 Automotive 59,915 23,621 — — — 350 — 83,886 Aviation and Consumer Transport 17,147 — — — — — — 17,147 Beverage, Food & Tobacco 103,684 — — — 448 1,409 — 105,541 Business Services 208,368 67,425 — — 89 1,940 — 277,822 Chemicals, Plastics & Rubber 23,212 — — — — — — 23,212 Construction & Building 30,121 — — — — 500 — 30,621 Consumer Goods – Durable 20,699 — — — — 107 — 20,806 Consumer Goods – Non-durable 74,649 — — — 492 2,135 — 77,276 Consumer Services 178,850 — — — — — — 178,850 Diversified Investment Vehicles, Banking, Finance, Real Estate 29,914 — — — — — — 29,914 Education 36,326 — — — — — — 36,326 Energy – Electricity 7,231 — — — 5,623 4 — 12,858 Healthcare & Pharmaceuticals 435,713 — — — 583 1,015 135 437,446 High Tech Industries 290,725 — — — — 1,000 — 291,725 Hotel, Gaming, Leisure, Restaurants 19,317 — — — — — — 19,317 Insurance 82,930 — — — — — — 82,930 Manufacturing, Capital Equipment 29,798 7,963 — — 11,850 249 — 49,860 Media – Diversified & Production 35,641 — — — — — — 35,641 Retail 31,281 — — — — — — 31,281 Telecommunications — 7,095 — — — — — 7,095 Transportation – Cargo, Distribution 51,592 — — — — — — 51,592 Utilities – Electric 14,606 — — — — — — 14,606 Wholesale 46,995 — — — — 798 — 47,793 Total Non-Controlled / $ 1,896,896 $ 106,104 $ — $ — $ 19,085 $ 9,939 $ 135 $ 2,032,159 Non-Controlled / Affiliated Investments Chemicals, Plastics & Rubber $ — $ — $ — $ — $ — $ 78,729 $ — $ 78,729 Consumer Goods - Durable 4,286 — — — — 1,000 — 5,286 Diversified Investment Vehicles, Banking, Finance, Real Estate — — — 16,998 — — — 16,998 Energy – Electricity — — — — 17,347 393 — 17,740 Energy – Oil & Gas — — — — — 12,271 — 12,271 Total Non-Controlled / Affiliated Investments $ 4,286 $ — $ — $ 16,998 $ 17,347 $ 92,393 $ — $ 131,024 See notes to financial statements. 26 Industry First Lien - Secured Debt Second Lien - Secured Debt Unsecured Debt Structured Products and Other Preferred Equity Common Equity/Interests Warrants Total Controlled Investments Aviation and Consumer Transport $ 150,000 $ — $ — $ — $ — $ 146,500 $ — $ 296,500 Energy – Oil & Gas 17,838 41 — — — 75,554 — 93,433 High Tech Industries 98,944 — — — 6,000 — — 104,944 Transportation – Cargo, Distribution — — — — — 60,766 — 60,766 Total Controlled Investments $ 266,782 $ 41 $ — $ — $ 6,000 $ 282,820 $ — $ 555,643 Total $ 2,167,964 $ 106,145 $ — $ 16,998 $ 42,432 $ 385,152 $ 135 $ 2,718,826 See notes to financial statements. 27 (35) Aggregate gross unrealized gain and loss for federal income tax purposes is $ 58,579 and $ 303,980 , respectively. Net unrealized loss is $ 245,401 based on a tax cost of $ 2,798,608 . Substantially all securities are pledged as collateral to our multi-currency revolving credit facility (the “Senior Secured Facility” as defined in Note 6 to the financial statements). As such, these securities are not available as collateral to our general creditors. The following shows the composition of the Company’s portfolio at cost by control designation, investment type and industry as of March 31, 2022: Fair value is determined in good faith subjct to the oversight of the Board of Directors of the Company (See Note 2 to the financial statements). The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of September 30, 2022: The following shows the composition of the Company’s portfolio at fair value by control designation, investment type and industry as of March 31, 2022: |
Investments - Schedule of Chang
Investments - Schedule of Changes in Fair Value of Investments (Detail) - Level 3 - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | ||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | $ 2,533,209 | $ 2,481,623 | $ 2,521,943 | $ 2,448,667 | |||||
Net realized gains (losses) | (462) | (62,529) | (148) | (62,249) | |||||
Net change in unrealized gains (losses) | (9,974) | 64,415 | (32,092) | 71,242 | |||||
Net amortization on investments | 6,019 | 2,926 | 10,081 | 8,594 | |||||
Purchases, including capitalized PIK | 225,381 | [1] | 419,601 | [2] | 465,485 | [1] | 716,600 | [2] | |
Sales | (306,652) | [1] | (294,139) | [2] | (517,053) | [1] | (560,239) | [2] | |
Transfers out of Level 3 | (2,413) | [3] | (10,718) | [4] | |||||
Transfers into Level 3 | [3] | 14,668 | 16,386 | ||||||
Fair value, Ending balance | 2,462,189 | 2,611,897 | 2,462,189 | 2,611,897 | |||||
Net change in unrealized gains (losses) on Level 3 investments still held | (9,264) | 5,027 | (33,647) | 9,665 | |||||
First Lien Secured Debt | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 2,297,105 | [5] | 2,000,093 | [6] | 2,259,506 | [5] | 1,907,807 | [6] | |
Net realized gains (losses) | (462) | [5] | (42,724) | [6] | (624) | [5] | (42,444) | [6] | |
Net change in unrealized gains (losses) | (7,670) | [5] | 76,199 | [6] | (19,485) | [5] | 84,476 | [6] | |
Net amortization on investments | 3,244 | [5] | 2,592 | [6] | 7,249 | [5] | 6,949 | [6] | |
Purchases, including capitalized PIK | 113,223 | [1],[5] | 374,815 | [2],[6] | 328,031 | [1],[5] | 669,328 | [2],[6] | |
Sales | (273,908) | [1],[5] | (174,594) | [2],[6] | (444,519) | [1],[5] | (379,017) | [2],[6] | |
Transfers out of Level 3 | 344 | [3],[5] | (10,718) | [4],[6] | |||||
Transfers into Level 3 | [3],[5] | 14,668 | 16,386 | ||||||
Fair value, Ending balance | 2,146,200 | [5] | 2,236,381 | [6] | 2,146,200 | [5] | 2,236,381 | [6] | |
Net change in unrealized gains (losses) on Level 3 investments still held | (7,816) | [5] | 2,025 | [6] | (19,913) | [5] | 5,046 | [6] | |
Second Lien Secured Debt | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 93,910 | 175,938 | [6] | 97,844 | [5] | 237,609 | [6] | ||
Net realized gains (losses) | (19,805) | [6] | (27) | [5] | (19,805) | [6] | |||
Net change in unrealized gains (losses) | (5,070) | [5] | 23,643 | [6] | (2,464) | [5] | 17,891 | [6] | |
Net amortization on investments | 2,775 | [5] | 334 | [6] | 2,832 | [5] | 1,645 | [6] | |
Purchases, including capitalized PIK | 62 | [1],[5] | 203 | [1],[5] | 487 | [2],[6] | |||
Sales | (6,227) | [1],[5] | (34,959) | [2],[6] | (11,221) | [1],[5] | (92,676) | [2],[6] | |
Transfers out of Level 3 | [3],[5] | (1,717) | |||||||
Fair value, Ending balance | 85,450 | [5] | 145,151 | [6] | 85,450 | [5] | 145,151 | [6] | |
Net change in unrealized gains (losses) on Level 3 investments still held | 4,214 | [5] | 5,155 | [6] | 3,705 | [5] | 1,352 | [6] | |
Unsecured Debt | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 22,000 | 22,000 | |||||||
Fair value, Ending balance | 22,000 | 22,000 | |||||||
Structured Products And Other | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 8,957 | 11,675 | 10,038 | 11,289 | |||||
Net change in unrealized gains (losses) | (209) | (906) | (1,290) | (520) | |||||
Purchases, including capitalized PIK | [2] | 25 | 25 | ||||||
Fair value, Ending balance | 8,748 | 10,794 | 8,748 | 10,794 | |||||
Net change in unrealized gains (losses) on Level 3 investments still held | (208) | (898) | (1,290) | (512) | |||||
Preferred Equity | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 30,953 | 22,279 | 30,162 | 22,537 | |||||
Net change in unrealized gains (losses) | 6,562 | 175 | 7,323 | (82) | |||||
Purchases, including capitalized PIK | 1,250 | [1] | 449 | [2] | 1,280 | [1] | 448 | [2] | |
Fair value, Ending balance | 38,765 | 22,903 | 38,765 | 22,903 | |||||
Net change in unrealized gains (losses) on Level 3 investments still held | 6,561 | 175 | 7,323 | (82) | |||||
Common Equity/Interests | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 102,186 | 247,787 | 124,294 | 245,830 | |||||
Net realized gains (losses) | 503 | ||||||||
Net change in unrealized gains (losses) | (3,569) | (34,602) | (16,157) | (30,685) | |||||
Purchases, including capitalized PIK | 110,846 | [1] | 44,312 | [2] | 135,971 | [1] | 46,312 | [2] | |
Sales | (26,517) | [1] | (84,586) | [2] | (61,313) | [1] | (88,546) | [2] | |
Transfers out of Level 3 | [3] | (352) | |||||||
Fair value, Ending balance | 182,946 | 172,911 | 182,946 | 172,911 | |||||
Net change in unrealized gains (losses) on Level 3 investments still held | (3,569) | (1,336) | (16,043) | 3,699 | |||||
Warrants - Warrants | |||||||||
Schedule of Investments [Line Items] | |||||||||
Fair value, Beginning balance | 98 | 1,851 | 99 | 1,595 | |||||
Net change in unrealized gains (losses) | (18) | (94) | (19) | 162 | |||||
Fair value, Ending balance | 80 | 1,757 | 80 | 1,757 | |||||
Net change in unrealized gains (losses) on Level 3 investments still held | $ (18) | $ (94) | $ (19) | $ 162 | |||||
[1] Includes reorganizations and restructuring of investments. Includes reorganizations and restructuring of investments. Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. Transfers out (if any) of Level 3 are due to an increase in the quantity and reliability of broker quotes obtained and transfers into (if any) Level 3 are due to a decrease in the quantity and reliability of broker quotes obtained as assessed by the Investment Adviser. Transfers are assumed to have occurred at the end of the period. There were no transfers between Level 1 and Level 2 fair value measurements during the period shown. Includes unfunded commitments measured at fair value of $( 4,563 ). Includes unfunded commitments measured at fair value of $( 4,933 ). |
Investments - Schedule of Cha_2
Investments - Schedule of Changes in Fair Value of Investments (Parenthetical) (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Schedule Of Investments [Abstract] | ||||
Fair value assets liabilities transfer between levels 1 to level 2 | $ 0 | $ 0 | $ 0 | $ 0 |
Unfunded commitments measured at fair value | $ 4,563 | $ 4,933 | $ 4,563 | $ 4,933 |
Investments - Summary of Unobse
Investments - Summary of Unobservable Inputs Used in Fair Value Measurements of Level 3 Investments (Detail) - Level 3 $ in Thousands | Sep. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | ||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 2,462,189 | $ 2,521,943 | ||
First Lien Secured Debt | Discounted Cash Flow | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 150,000 | $ 275,000 | ||
First Lien Secured Debt | Discounted Cash Flow | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | 12 | ||
First Lien Secured Debt | Discounted Cash Flow | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12 | 12 | ||
First Lien Secured Debt | Discounted Cash Flow | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 12 | 12 | |
First Lien Secured Debt | Recent Transaction | Recent Transaction | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 24,194 | $ 62,975 | ||
First Lien Secured Debt | Recovery Analysis | Recoverable Amount | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 2,883 | 558 | ||
First Lien Secured Debt | Recovery Analysis | Sale Proceeds | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 28,798 | |||
First Lien Secured Debt | Yield Analysis | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 1,969,123 | $ 1,892,175 | ||
First Lien Secured Debt | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 6.3 | 5.1 | ||
First Lien Secured Debt | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 53.8 | 52.3 | ||
First Lien Secured Debt | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 11.1 | 8.9 | |
Second Lien Secured Debt | Recovery Analysis | Recoverable Amount | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 40 | $ 6,444 | ||
Second Lien Secured Debt | Yield Analysis | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 63,888 | $ 85,743 | ||
Second Lien Secured Debt | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.6 | 6.9 | ||
Second Lien Secured Debt | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 15.7 | 19.1 | ||
Second Lien Secured Debt | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 13.9 | 13 | |
Second Lien Secured Debt | Sale Proceeds | Sale Proceeds | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 239 | |||
Second Lien Secured Debt | Broker Quoted | Broker Quote | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 14,235 | |||
Second Lien Secured Debt | Market Comparable Technique | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 7,048 | $ 5,657 | ||
Second Lien Secured Debt | Market Comparable Technique | Minimum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | 12.3 | ||
Second Lien Secured Debt | Market Comparable Technique | Maximum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | 12.3 | ||
Second Lien Secured Debt | Market Comparable Technique | Weighted Average | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 11 | 12.3 | |
Structured Products And Other | Discounted Cash Flow | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 10,038 | |||
Structured Products And Other | Discounted Cash Flow | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 9.8 | |||
Structured Products And Other | Yield Analysis | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 8,748 | |||
Structured Products And Other | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | |||
Structured Products And Other | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | |||
Structured Products And Other | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 12.5 | ||
Structured Products And Other | Discounted Cash Flow | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 9.8 | |||
Structured Products And Other | Discounted Cash Flow | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 9.8 | ||
Preferred Equity | Discounted Cash Flow | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 355 | |||
Preferred Equity | Discounted Cash Flow | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 10 | |||
Preferred Equity | Discounted Cash Flow | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 10 | |||
Preferred Equity | Discounted Cash Flow | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 10 | ||
Preferred Equity | Residual Value | Residual Value | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 78 | $ 78 | ||
Preferred Equity | Recent Transaction | Recent Transaction | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 2,250 | |||
Preferred Equity | Recovery Analysis | Recoverable Amount | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 11 | |||
Preferred Equity | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | 52.3 | ||
Preferred Equity | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | 52.3 | ||
Preferred Equity | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 0 | 52.3 | [1] | |
Preferred Equity | Market Comparable Technique | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 34,376 | $ 24,741 | ||
Preferred Equity | Market Comparable Technique | Minimum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 2.3 | 0.1 | ||
Preferred Equity | Market Comparable Technique | Maximum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 18.8 | 22.8 | ||
Preferred Equity | Market Comparable Technique | Weighted Average | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 12.2 | 14.4 | |
Preferred Equity | Option Pricing Model | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 2,050 | $ 4,988 | ||
Preferred Equity | Option Pricing Model | Minimum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 100 | 80 | ||
Preferred Equity | Option Pricing Model | Maximum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 100 | 80 | ||
Preferred Equity | Option Pricing Model | Weighted Average | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 100 | 80 | |
Common Equity/Interests | Discounted Cash Flow | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 115,609 | $ 613 | ||
Common Equity/Interests | Discounted Cash Flow | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | 10 | ||
Common Equity/Interests | Discounted Cash Flow | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | 52.3 | ||
Common Equity/Interests | Discounted Cash Flow | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 11 | 10 | |
Common Equity/Interests | Recent Transaction | Recent Transaction | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 46,813 | $ 42,331 | ||
Common Equity/Interests | Recovery Analysis | Recoverable Amount | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 5,796 | |||
Common Equity/Interests | Recovery Analysis | Sale Proceeds | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 7,762 | |||
Common Equity/Interests | Yield Analysis | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 445 | |||
Common Equity/Interests | Yield Analysis | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 872 | |||
Common Equity/Interests | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | |||
Common Equity/Interests | Yield Analysis | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 6.7 | |||
Common Equity/Interests | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | |||
Common Equity/Interests | Yield Analysis | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 6.7 | |||
Common Equity/Interests | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 12.5 | |||
Common Equity/Interests | Yield Analysis | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 6.7 | ||
Common Equity/Interests | Sale Proceeds | Sale Proceeds | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | 630 | |||
Common Equity/Interests | Market Comparable Technique | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 13,361 | $ 14,766 | ||
Common Equity/Interests | Market Comparable Technique | Minimum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 6 | 0.1 | ||
Common Equity/Interests | Market Comparable Technique | Maximum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 30.5 | 20.9 | ||
Common Equity/Interests | Market Comparable Technique | Weighted Average | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 13.1 | 10.9 | |
Common Equity/Interests | Option Pricing Model | Minimum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 30 | 30 | ||
Common Equity/Interests | Option Pricing Model | Maximum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 30 | 30 | ||
Common Equity/Interests | Option Pricing Model | Weighted Average | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 30 | 30 | |
Common Equity/Interests | Discounted Cash Flow | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 57,782 | |||
Common Equity/Interests | Discounted Cash Flow | Minimum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 10.1 | |||
Common Equity/Interests | Discounted Cash Flow | Maximum | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11 | |||
Common Equity/Interests | Discounted Cash Flow | Weighted Average | Discount Rate | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 10.6 | ||
Common Equity/Interests | Market Comparable Technique | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 50 | $ 85 | ||
Common Equity/Interests | Market Comparable Technique | Minimum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 22.5 | 22.8 | ||
Common Equity/Interests | Market Comparable Technique | Maximum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 22.5 | 22.8 | ||
Common Equity/Interests | Market Comparable Technique | Weighted Average | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 22.5 | 22.8 | |
Common Equity/Interests | Market Comparable Technique | Minimum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11.5 | |||
Common Equity/Interests | Market Comparable Technique | Maximum | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11.5 | |||
Common Equity/Interests | Market Comparable Technique | Weighted Average | Comparable Multiple | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 11.5 | |||
Common Equity/Interests | Public | Public | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 325 | |||
Warrants - Warrants | Option Pricing Model | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Assets Fair Value Disclosure | $ 80 | $ 99 | ||
Warrants - Warrants | Option Pricing Model | Minimum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 50 | 60 | ||
Warrants - Warrants | Option Pricing Model | Maximum | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | 50 | 60 | ||
Warrants - Warrants | Option Pricing Model | Weighted Average | Expected Volatility | ||||
Schedule of Investments [Line Items] | ||||
Quantitative Information on Unobservable input | [1] | 50 | 60 | |
[1] The weighted average information is generally derived by assigning each disclosed unobservable input a proportionate weight based on the fair value of the related investment. For the commodity price unobservable input, the weighted average price is an undiscounted price based upon the estimated production level from the underlying reserves. |
Investments - Additional Inform
Investments - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Mar. 31, 2022 | |
Schedule of Investments [Line Items] | |||||
Purchases of investments on trade date basis | $ 113,314 | $ 290,095 | $ 340,736 | $ 585,308 | |
Sales and Repayment of Investments on Trade Date Basis | 195,952 | 176,280 | 379,955 | 442,387 | |
Paid in kind income earned | $ 856 | 933 | $ 1,811 | 2,468 | |
Percentage of investments at amortized cost | 1.80% | 1.80% | 1.30% | ||
Percentage of investments at fair value | 1% | 1% | 0.60% | ||
Structured Products | |||||
Schedule of Investments [Line Items] | |||||
Dividend income | $ 220 | $ 338 | $ 531 | $ 649 |
Investments - Summary of Change
Investments - Summary of Change in Capitalized PIK balance (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Schedule Of Investments [Abstract] | ||||
PIK balance at beginning of period | $ 39,835 | $ 43,733 | $ 39,228 | $ 41,947 |
PIK income capitalized | 674 | 941 | 1,405 | 2,727 |
Adjustments due to investments exited or written off | (12,095) | (7,037) | (12,219) | (7,037) |
PIK balance at end of period | $ 28,414 | $ 37,637 | $ 28,414 | $ 37,637 |
Investments - Summary of Unaudi
Investments - Summary of Unaudited Summarized Financial Information of Subsidiary (Details) - USD ($) $ in Thousands | 6 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Schedule of Investments [Line Items] | ||
Net profit (loss) | $ 21,653 | $ 57,584 |
Merx Aviation Finance, LLC | ||
Schedule of Investments [Line Items] | ||
Net revenue | 72,950 | 109,141 |
Net operating income | 8,007 | 37,412 |
Earnings (loss) before taxes | 1,592 | 5,438 |
Net profit (loss) | 1,567 | 6,995 |
Net profit (loss) after taxes attributable to non-controlling interests | (193) | (2,470) |
Net profit (loss) after taxes attributable to Merx Aviation | $ 1,760 | $ 9,465 |
Debt and Foreign Currency Tra_3
Debt and Foreign Currency Transactions and Translations -- Additional Information (Details) | 6 Months Ended | 12 Months Ended | |||||||
Jul. 16, 2021 USD ($) | Dec. 22, 2020 | Mar. 03, 2015 USD ($) | Sep. 30, 2022 USD ($) Installment | Mar. 31, 2022 USD ($) | Nov. 20, 2022 USD ($) | Nov. 19, 2022 USD ($) | Apr. 04, 2019 | Apr. 04, 2018 | |
Debt Instrument [Line Items] | |||||||||
Aggregate principal amount | $ 2,285,000,000 | $ 2,285,000,000 | |||||||
Senior Secured Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Required assets coverage percentage | 150% | 200% | |||||||
Final Maturity Date | Dec. 22, 2025 | Dec. 22, 2025 | |||||||
Available facility to extended borrowing capacity under new or existing credit facility | $ 2,715,000,000 | ||||||||
Credit facility expiration date | Dec. 22, 2025 | ||||||||
Aggregate principal amount | $ 1,810,000,000 | $ 1,810,000,000 | |||||||
Date of first required payment to repay | Dec. 22, 2024 | ||||||||
Number of installment | Installment | 12 | ||||||||
Frequency of payment and payment terms | Commencing December 22, 2024, the Company is required to repay, in twelve consecutive monthly installments of equal size, the outstanding amount under the Senior Secured Facility as of December 22, 2024. | ||||||||
Frequency of periodic payment | monthly | ||||||||
Commitment fee per annum | 0.375% | ||||||||
Required minimum percentage of equity to assets | 30% | ||||||||
Base amount considered for covenants | $ 705,000,000 | ||||||||
Considered percentage of net proceeds from sale of equity interest for covenants | 25% | ||||||||
Available remaining capacity | $ 741,753,000 | $ 702,655,000 | |||||||
Senior Secured Facility | LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Annual interest rate | 2% | ||||||||
Senior Secured Facility | SONIA | |||||||||
Debt Instrument [Line Items] | |||||||||
Annual interest rate | 2% | ||||||||
Senior Secured Facility | Forecast | |||||||||
Debt Instrument [Line Items] | |||||||||
Maximum borrowing capacity | $ 1,705,000,000 | $ 1,810,000,000 | |||||||
2025 Notes | |||||||||
Debt Instrument [Line Items] | |||||||||
Final Maturity Date | Mar. 03, 2025 | Mar. 03, 2025 | Mar. 03, 2025 | ||||||
Aggregate principal amount | $ 350,000,000 | $ 350,000,000 | $ 350,000,000 | ||||||
Date of first required payment to repay | Sep. 03, 2015 | ||||||||
Frequency of payment and payment terms | The 2025 Notes will mature on March 3, 2025. Interest on the 2025 Notes is due semi-annually on March 3 and September 3, at an annual rate of 5.25%, commencing on September 3, 2015. | ||||||||
Frequency of periodic payment | semi-annually | ||||||||
Net proceeds from senior unsecured notes | $ 343,650,000 | ||||||||
Annual interest rate | 5.25% | ||||||||
2026 Notes | |||||||||
Debt Instrument [Line Items] | |||||||||
Final Maturity Date | Jul. 16, 2026 | Jul. 16, 2026 | Jul. 16, 2026 | ||||||
Aggregate principal amount | $ 125,000,000 | $ 125,000,000 | $ 125,000,000 | ||||||
Date of first required payment to repay | Jan. 16, 2022 | ||||||||
Frequency of payment and payment terms | The 2026 Notes will mature on July 16, 2026. Interest on the 2026 Notes is due semi-annually on January 16 and July 16, at an annual rate of 4.50%, commencing on January 16, 2022. | ||||||||
Frequency of periodic payment | semi-annually | ||||||||
Net proceeds from senior unsecured notes | $ 122,965,000 | ||||||||
Annual interest rate | 4.50% | ||||||||
Maximum | Senior Secured Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Fronting fees on letters of credit issued | 2.25% | ||||||||
Maximum | Senior Secured Facility | LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Borrowing base interest rate | 2% | ||||||||
Maximum | Senior Secured Facility | Alternate Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Borrowing base interest rate | 1% | ||||||||
Minimum | Senior Secured Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Required indebtedness ratio for covenants | 1.5 | ||||||||
Minimum | Senior Secured Facility | LIBOR | |||||||||
Debt Instrument [Line Items] | |||||||||
Borrowing base interest rate | 1.75% | ||||||||
Minimum | Senior Secured Facility | Alternate Base Rate | |||||||||
Debt Instrument [Line Items] | |||||||||
Borrowing base interest rate | 0.75% | ||||||||
Standby Letters of Credit | Senior Secured Facility | |||||||||
Debt Instrument [Line Items] | |||||||||
Maximum borrowing capacity | $ 150,000,000 | ||||||||
Line of credit | $ 34,487,000 | $ 26,877,000 |
Debt and Foreign Currency Tra_4
Debt and Foreign Currency Transactions and Translations - Schedule of Outstanding Debt Obligations (Details) - USD ($) | 6 Months Ended | 12 Months Ended | ||
Jul. 16, 2021 | Mar. 03, 2015 | Sep. 30, 2022 | Mar. 31, 2022 | |
Debt Instrument [Line Items] | ||||
Total Aggregate Principal Amount Committed | $ 2,285,000,000 | $ 2,285,000,000 | ||
Principal Amount Outstanding | 1,508,760,000 | 1,555,468,000 | ||
Deferred Financing Costs and Debt Discount | (4,360,000) | (4,860,000) | ||
Debt | 1,504,400,000 | 1,550,608,000 | ||
Fair Value | $ 1,469,836,000 | $ 1,548,554,000 | ||
Senior Secured Facility | ||||
Debt Instrument [Line Items] | ||||
Date Issued/ Amended | Dec. 22, 2020 | Dec. 22, 2020 | ||
Total Aggregate Principal Amount Committed | $ 1,810,000,000 | $ 1,810,000,000 | ||
Principal Amount Outstanding | 1,033,760,000 | 1,080,468,000 | ||
Fair Value | $ 1,033,683,000 | $ 1,080,468,000 | ||
Final Maturity Date | Dec. 22, 2025 | Dec. 22, 2025 | ||
2025 Notes | ||||
Debt Instrument [Line Items] | ||||
Date Issued/ Amended | Mar. 03, 2015 | Mar. 03, 2015 | ||
Total Aggregate Principal Amount Committed | $ 350,000,000 | $ 350,000,000 | $ 350,000,000 | |
Principal Amount Outstanding | 350,000,000 | 350,000,000 | ||
Fair Value | $ 328,333,000 | $ 350,399,000 | ||
Final Maturity Date | Mar. 03, 2025 | Mar. 03, 2025 | Mar. 03, 2025 | |
2026 Notes | ||||
Debt Instrument [Line Items] | ||||
Date Issued/ Amended | Jul. 16, 2021 | Jul. 16, 2021 | ||
Total Aggregate Principal Amount Committed | $ 125,000,000 | $ 125,000,000 | $ 125,000,000 | |
Principal Amount Outstanding | 125,000,000 | 125,000,000 | ||
Fair Value | $ 107,820,000 | $ 117,687,000 | ||
Final Maturity Date | Jul. 16, 2026 | Jul. 16, 2026 | Jul. 16, 2026 |
Debt and Foreign Currency Tra_5
Debt and Foreign Currency Transactions and Translations - Schedule of Outstanding Debt Obligations (Parenthetical) (Details) - USD ($) $ in Thousands | Nov. 20, 2022 | Nov. 19, 2022 |
Forecast | Senior Secured Facility | ||
Debt Instrument [Line Items] | ||
Maximum borrowing capacity | $ 1,705,000 | $ 1,810,000 |
Debt and Foreign Currency Tra_6
Debt and Foreign Currency Transactions and Translations - Summarizes Average and Maximum Debt Outstanding and Interest and Debt Issuance Cost (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Debt Instrument [Line Items] | ||||
Average debt outstanding | $ 1,539,332 | $ 1,539,062 | $ 1,579,696 | $ 1,499,635 |
Maximum amount of debt outstanding | $ 1,597,794 | $ 1,608,285 | $ 1,669,385 | $ 1,608,285 |
Weighted average annualized interest cost | 4.79% | 3.20% | 4.21% | 3.14% |
Annualized amortized debt issuance cost | 0.38% | 0.40% | 0.37% | 0.40% |
Interest rate | 5.17% | 3.60% | 4.58% | 3.54% |
Debt and Foreign Currency Tra_7
Debt and Foreign Currency Transactions and Translations - Summarizes Average and Maximum Debt Outstanding and Interest and Debt Issuance Cost (Parenthetical) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
Senior Secured Facility | ||||
Debt Instrument [Line Items] | ||||
Commitment fee for unused portion of facility | $ 677 | $ 689 | $ 1,276 | $ 1,349 |
Debt and Foreign Currency Tra_8
Debt and Foreign Currency Transactions and Translations - Summary of Foreign Denominated Debt Outstanding on Senior Secured Facility (Details) - Senior Secured Facility £ in Thousands, $ in Thousands | 6 Months Ended | 12 Months Ended | |||||
Sep. 30, 2022 USD ($) | Mar. 31, 2022 USD ($) | Sep. 30, 2022 GBP (£) | Sep. 30, 2022 USD ($) | Mar. 31, 2022 GBP (£) | Mar. 31, 2022 USD ($) | Mar. 31, 2022 AUD ($) | |
Debt Instrument [Line Items] | |||||||
Original Principal Amount | $ 51,037,000 | $ 55,580,000 | |||||
Principal Amount Outstanding | 45,797,000 | 58,505,000 | |||||
Unrealized Gain/(Loss) | $ (5,240,000) | $ (2,925,000) | |||||
Australia, Dollars | |||||||
Debt Instrument [Line Items] | |||||||
Original Principal Amount | 4,543,000 | $ 6,200 | |||||
Principal Amount Outstanding | $ 4,639,000 | ||||||
Unrealized Gain/(Loss) | (96,000) | ||||||
Reset Date | Apr. 29, 2022 | Apr. 29, 2022 | Apr. 29, 2022 | ||||
British Pound | |||||||
Debt Instrument [Line Items] | |||||||
Original Principal Amount | £ 41,000 | 51,037,000 | £ 41,000 | $ 51,037,000 | |||
Principal Amount Outstanding | $ 45,797,000 | $ 53,866,000 | |||||
Unrealized Gain/(Loss) | $ (5,240,000) | $ (2,829,000) | |||||
Reset Date | Nov. 30, 2022 | Nov. 30, 2022 | Apr. 29, 2022 | Apr. 29, 2022 | Apr. 29, 2022 |
Stockholders' Equity - Addition
Stockholders' Equity - Additional Information (Details) $ / shares in Units, $ in Thousands | 1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | 86 Months Ended | 222 Months Ended | ||||||||||||
Aug. 02, 2022 USD ($) $ / shares shares | Feb. 06, 2019 USD ($) | Oct. 30, 2018 USD ($) shares | Sep. 14, 2016 USD ($) | Dec. 14, 2015 USD ($) | Aug. 05, 2015 USD ($) | Apr. 08, 2004 $ / shares shares | Nov. 30, 2018 | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2021 USD ($) $ / shares shares | Mar. 31, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Sep. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2022 shares | Jun. 30, 2021 shares | Mar. 31, 2021 shares | Jul. 22, 2019 $ / shares shares | |
Class Of Stock [Line Items] | ||||||||||||||||||
Equity offerings of common stock | $ | $ 30,000,000 | $ 30,000 | $ 30,000 | $ 0 | $ 2,240,067 | |||||||||||||
Shares repurchased | 128,522 | 596,525 | 15,395,036 | |||||||||||||||
Weighted-average price per share | $ / shares | $ 12.74 | $ 13.30 | $ 15.97 | |||||||||||||||
Cost of Shares Repurchased | $ | $ 45,809 | $ 50,000 | $ 50,000 | $ 50,000 | $ 50,000 | $ 1,638 | $ 7,931 | $ 245,809 | ||||||||||
Discount rate of average net asset value per share | 18.24% | 16.85% | ||||||||||||||||
Reverse stock split, conversion ratio | 0.03 | 3 | ||||||||||||||||
Reverse stock split, description | The Company’s Board of Directors approved a one-for-three reverse stock split of the Company’s common stock on October 30, 2018, which was effective as of close of business as of November 30, 2018 (the “Reverse Stock Split”). | |||||||||||||||||
Number of shares, reverse stock splits | 20,700,000 | |||||||||||||||||
Common stock, shares authorized | 130,000,000 | 130,000,000 | 130,000,000 | 130,000,000 | 130,000,000 | 400,000,000 | ||||||||||||
Common stock, par value | $ / shares | $ 0.001 | $ 45 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | ||||||||||
Common stock, shares issued | 1,932,641 | 65,451,359 | 65,451,359 | 64,662,651 | 63,647,240 | 65,451,359 | 65,451,359 | 63,518,718 | 65,113,604 | 65,259,176 | ||||||||
Share purchase price par value | $ / shares | $ 15.52 | $ 15 | ||||||||||||||||
Lock up period | 2 years | |||||||||||||||||
Offering cost | $ | $ 300,000 | |||||||||||||||||
Common Stock | ||||||||||||||||||
Class Of Stock [Line Items] | ||||||||||||||||||
Reverse stock split, conversion ratio | 0.03 | |||||||||||||||||
Reverse stock split, description | On October 30, 2018, the Company’s Board of Directors approved a one-for-three reverse stock split of the Company’s common stock which was effective as of the close of business on November 30, 2018. | |||||||||||||||||
Fractional Shares | ||||||||||||||||||
Class Of Stock [Line Items] | ||||||||||||||||||
Shares repurchased | 15,395,066 | |||||||||||||||||
Weighted-average price per share | $ / shares | $ 15.97 | |||||||||||||||||
Cost of Shares Repurchased inclusive commissions | $ | $ 245,810 | |||||||||||||||||
Number of shares, reverse stock splits | 29 |
Stockholders' Equity - Schedule
Stockholders' Equity - Schedule of Repurchase Plans (Details) - USD ($) $ in Thousands | 6 Months Ended | 86 Months Ended | |||||||
Feb. 06, 2019 | Oct. 30, 2018 | Sep. 14, 2016 | Dec. 14, 2015 | Aug. 05, 2015 | Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Feb. 03, 2022 | |
Equity [Abstract] | |||||||||
Maximum Cost of Shares That May Be Repurchased | $ 50,000 | $ 50,000 | $ 50,000 | $ 50,000 | $ 50,000 | $ 275,000 | $ 275,000 | $ 25,000 | |
Cost of Shares Repurchased | 45,809 | $ 50,000 | $ 50,000 | $ 50,000 | $ 50,000 | 1,638 | $ 7,931 | 245,809 | |
Remaining Cost of Shares That May Be Repurchased | $ 4,191 | $ 29,191 | $ 29,191 | $ 25,000 |
Stockholders' Equity - Summary
Stockholders' Equity - Summary of Allocated Amounts to be Repurchased (Details) - 10b5-1 Repurchase Plans - USD ($) $ in Thousands | Dec. 16, 2021 | Jun. 16, 2021 | Mar. 30, 2021 | Mar. 12, 2020 | Dec. 16, 2019 | Dec. 06, 2019 | Sep. 16, 2019 | Jun. 17, 2019 | Jun. 04, 2019 | Mar. 18, 2019 | Feb. 25, 2019 | Dec. 12, 2018 | Sep. 17, 2018 | Jun. 18, 2018 | Jan. 03, 2018 | Oct. 02, 2017 | Jun. 30, 2017 | Mar. 31, 2017 | Jan. 04, 2017 | Sep. 30, 2016 | Jul. 01, 2016 | Apr. 01, 2016 | Jan. 01, 2016 | Sep. 15, 2015 |
Equity Class Of Treasury Stock [Line Items] | ||||||||||||||||||||||||
Termination Date | Aug. 03, 2022 | Nov. 05, 2021 | May 21, 2021 | Mar. 19, 2020 | Feb. 05, 2020 | Feb. 05, 2020 | Nov. 06, 2019 | Aug. 07, 2019 | Aug. 07, 2019 | May 17, 2019 | May 17, 2019 | Feb. 07, 2019 | Oct. 31, 2018 | Aug. 09, 2018 | Feb. 08, 2018 | Nov. 06, 2017 | Aug. 07, 2017 | May 19, 2017 | Feb. 06, 2017 | Nov. 08, 2016 | Aug. 05, 2016 | May 19, 2016 | Feb. 05, 2016 | Nov. 05, 2015 |
Amount Allocated to 10b5-1 Repurchase Plans | $ 5,000 | $ 10,000 | $ 10,000 | $ 20,000 | $ 15,000 | $ 25,000 | $ 20,000 | $ 20,000 | $ 25,000 | $ 10,000 | $ 25,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 10,000 | $ 20,000 | $ 15,000 | $ 5,000 | $ 10,000 | $ 5,000 |
Commitments and Contingencies -
Commitments and Contingencies - Summary of Unfunded Commitments (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 |
Commitments And Contingencies [Line Items] | ||
Letter of Credit / Undrawn Commitment | $ 406,672 | $ 486,620 |
Unfunded Revolver Obligations and Bridge Loan Commitments | ||
Commitments And Contingencies [Line Items] | ||
Letter of Credit / Undrawn Commitment | 157,807 | 182,645 |
Standby Letters of Credit Issued and Outstanding | ||
Commitments And Contingencies [Line Items] | ||
Letter of Credit / Undrawn Commitment | 39,523 | 31,188 |
Unfunded Delayed Draw Loan Commitments (Including Commitments with Performance thresholds Not Met) | ||
Commitments And Contingencies [Line Items] | ||
Letter of Credit / Undrawn Commitment | $ 209,342 | $ 272,787 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Unfunded Commitments (Parenthetical) (Details) - USD ($) $ in Thousands | Sep. 30, 2022 | Mar. 31, 2022 |
Commitments And Contingencies [Line Items] | ||
Unfunded commitments | $ 406,672 | $ 486,620 |
Bridge Loan Commitments | ||
Commitments And Contingencies [Line Items] | ||
Unfunded commitments | 0 | 0 |
Unfunded Delayed Draw Loan Commitments | ||
Commitments And Contingencies [Line Items] | ||
Unfunded commitments | 209,342 | 272,787 |
Unfunded Delayed Draw Loan Commitments | Merx Aviation Finance, LLC | ||
Commitments And Contingencies [Line Items] | ||
Unfunded commitments | $ 50,000 | $ 25,000 |
Financial Highlights - Schedule
Financial Highlights - Schedule of Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | Jun. 30, 2022 | Mar. 31, 2022 | Jun. 30, 2021 | Mar. 31, 2021 | |
Investment Company Financial Highlights [Abstract] | ||||||||
Net asset value at beginning of period | $ 15.79 | $ 15.88 | ||||||
Net investment income | 0.72 | 0.72 | ||||||
Net realized and change in unrealized gains (losses) | (0.38) | 0.17 | ||||||
Net increase in net assets resulting from operations | 0.34 | 0.88 | ||||||
Distribution of net investment income | (0.68) | (0.72) | ||||||
Distribution of return of capital | 0 | 0 | ||||||
Accretion due to share repurchases | 0.01 | 0.02 | ||||||
Net asset value at end of period | $ 15.45 | $ 16.07 | 15.45 | 16.07 | ||||
Per share market value at end of period | $ 10.22 | $ 12.97 | $ 10.22 | $ 12.97 | ||||
Total return | (17.79%) | (0.37%) | ||||||
Shares outstanding at end of period | 65,451,359 | 64,662,651 | 65,451,359 | 64,662,651 | 63,518,718 | 63,647,240 | 65,113,604 | 65,259,176 |
Weighted average shares outstanding | 64,737,122 | 65,031,131 | 64,150,905 | 65,115,530 | ||||
Net assets at end of period | $ 1,011,036 | $ 1,039,133 | $ 1,011,036 | $ 1,039,133 | $ 985,987 | $ 1,004,832 | $ 1,043,005 | $ 1,036,330 |
Annualized ratio of operating expenses to average net assets | 5.96% | 5.81% | ||||||
Annualized ratio of interest and other debt expenses to average net assets | 7.23% | 5.10% | ||||||
Annualized ratio of total expenses to average net assets | 13.19% | 10.91% | ||||||
Annualized ratio of net investment income to average net assets | 9.20% | 8.94% | ||||||
Average debt outstanding | $ 1,539,332 | $ 1,539,062 | $ 1,579,696 | $ 1,499,635 | ||||
Average debt per share | $ 24.63 | $ 23.03 | ||||||
Annualized portfolio turnover rate | 27.05% | 35.04% | ||||||
Asset coverage per unit | $ 1,655 | $ 1,648 |
Financial Highlights - Schedu_2
Financial Highlights - Schedule of Financial Highlights (Parenthetical) (Details) | 6 Months Ended | |
Sep. 30, 2022 | Sep. 30, 2021 | |
Investment Company Financial Highlights [Abstract] | ||
Annualized ratio of operating expenses to average net assets without voluntary fee waivers | 6.02% | 5.86% |
Annualized ratio of total expenses to average net assets without voluntary fee waivers | 13.32% | 10.97% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) - Subsequent Events | Nov. 03, 2022 $ / shares |
Subsequent Event [Line Items] | |
Dividend declared date | Nov. 03, 2022 |
Dividend declared per share | $ 0.37 |
Dividend payable date | Jan. 05, 2023 |
Dividend record date | Dec. 19, 2022 |
Document and Entity Informati_2
Document and Entity Information - Tagging Pending | 6 Months Ended |
Sep. 30, 2022 | |
Document And Entity Information Abstract | |
Entity Central Index Key | 0001278752 |
N-2
N-2 | 6 Months Ended |
Sep. 30, 2022 | |
Cover [Abstract] | |
Entity Central Index Key | 0001278752 |
Amendment Flag | false |
Securities Act File Number | 814-00646 |
Document Type | 10-Q |
Entity Registrant Name | MIDCAP FINANCIAL INVESTMENT CORPORATION |
Entity Address, Address Line One | 9 West 57th Street37th Floor |
Entity Address, City or Town | New York |
Entity Address, State or Province | NY |
Entity Address, Postal Zip Code | 10019 |
City Area Code | 212 |
Local Phone Number | 515-3450 |
General Description of Registrant [Abstract] | |
Investment Objectives and Practices [Text Block] | Our investment objective is to generate current income and capital appreciation. We invest primarily in various forms of debt investments, including secured and unsecured debt, loan investments, and/or equity in private middle-market companies. We may also invest in the securities of public companies and in structured products and other investments such as collateralized loan obligations (“CLOs”) and credit-linked notes (“CLNs”). Our portfolio is comprised primarily of investments in debt, including secured and unsecured debt of private middle-market companies that, in the case of senior secured loans, generally are not broadly syndicated and whose aggregate tranche size is typically less than $250 million. Our portfolio also includes equity interests such as common stock, preferred stock, warrants or options. |
Risk Factors [Table Text Block] | Item 1A. Risk Factors In addition to the risk factor below and other information set forth in this report, you should carefully consider the factors discussed in Part I, “Item 1A. Risk Factors” in our Annual Report on Form 10-K for the year ended March 31, 2022 and those in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2022, which could materially affect our business, financial condition and/or operating results. These risks are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results. The Russian invasion of Ukraine may have a material adverse impact on us and our portfolio companies. On February 24, 2022, the President of Russia, Vladimir Putin, announced a military invasion of Ukraine. In response, countries worldwide, including the United States, have imposed sanctions against Russia on certain businesses and individuals, including, but not limited to, those in the banking, import and export sectors. This invasion has led, is currently leading, and for an unknown period of time will continue to lead to disruptions in local, regional, national, and global markets and economies affected thereby. These disruptions caused by the invasion have included, and may continue to include, political, social, and economic disruptions and uncertainties and material increases in certain commodity prices that may affect our business operations or the business operations of our portfolio companies. We are exposed to risks associated with changes in interest rates, including the current rising interest rate environment. General interest rate fluctuations may have a substantial negative impact on our investments and our investment returns and, accordingly, may have a material adverse effect on our investment objective and our net investment income. Because we borrow money and may issue debt securities or preferred stock to make investments, our net investment income is dependent upon the difference between the rate at which we borrow funds or pay interest or dividends on such debt securities or preferred stock and the rate at which we invest these funds. In this period of rising interest rates, our interest income will increase as the majority of our portfolio bears interest at variable rates while our cost of funds will also increase, to a lesser extent, given the majority of our indebtedness bears interest at fixed rates, with the net impact being an increase to our net investment income. Conversely, if interest rates decrease we may earn less interest income from investments and our cost of funds will also decrease, to a lesser extent, resulting in lower net investment income. There can be no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income. Our portfolio primarily consists of fixed and floating rate investments. Market prices tend to fluctuate more for fixed-rate securities that have longer maturities. Although we have no policy governing the maturities of our investments, under current market conditions we expect that we will invest in a portfolio of debt generally having maturities of up to 10 years. Market prices for debt that pays a fixed rate of return tend to decline as interest rates rise. This means that we are subject to greater risk (other things being equal) than a fund invested solely in shorter-term, fixed-rate securities. Market prices for floating rate investments may also fluctuate in rising rate environments with prices tending to decline when credit spreads widen. A decline in the prices of the debt we own could adversely affect our net assets resulting from operations and the market price of our common stock. Rising interest rates may also increase the cost of debt for our underlying portfolio companies, which could adversely impact their financial performance and ability to meet ongoing obligations to us. Also, an increase in interest rates available to investors could make an investment in our common stock less attractive if we are not able to pay dividends at a level that provides a similar return, which could reduce the value of our common stock. Inflation has adversely affected and may continue to adversely affect the business, results of operations and financial condition of our portfolio companies. Certain of our portfolio companies are in industries that have been impacted by inflation. Recent inflationary pressures have increased the costs of labor, energy and raw materials and have adversely affected consumer spending, economic growth and our portfolio companies’ operations. If such portfolio companies are unable to pass any increases in their costs of operations along to their customers, it could adversely affect their operating results and impact their ability to pay interest and principal on our loans, particularly if interest rates rise in response to inflation. In addition, any projected future decreases in our portfolio companies’ operating results due to inflation could adversely impact the fair value of those investments. Any decreases in the fair value of our investments could result in future realized or unrealized losses and therefore reduce our net assets resulting from operations. Additionally, the Federal Reserve has raised, and has indicated its intent to continue raising, certain benchmark interest rates in an effort to combat inflation. See “—We are exposed to risks associated with changes in interest rates, including the current rising interest rate environment.” |