CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands |
Dec. 31, 2023 |
Mar. 31, 2023 |
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ASSETS | ||||||||||||||||||||||
Investments at fair value | $ 902,808 | $ 753,543 | [1] | |||||||||||||||||||
Cash and cash equivalents | 2,819 | 2,683 | ||||||||||||||||||||
Restricted cash and cash equivalents | 766 | 565 | ||||||||||||||||||||
Interest receivable | 6,575 | 3,038 | ||||||||||||||||||||
Due from administrative agent | 2,151 | 3,899 | ||||||||||||||||||||
Deferred financing costs, net | 1,069 | 431 | ||||||||||||||||||||
Other assets, net | 1,436 | 1,485 | ||||||||||||||||||||
TOTAL ASSETS | 917,624 | 765,644 | ||||||||||||||||||||
Borrowings: | ||||||||||||||||||||||
Line of credit at fair value (Cost of $82,600 and $35,200, respectively) | 82,600 | 35,171 | ||||||||||||||||||||
Notes payable, net | 330,904 | 257,436 | ||||||||||||||||||||
Total borrowings | 413,504 | 292,607 | ||||||||||||||||||||
Accounts payable and accrued expenses | 1,596 | 786 | ||||||||||||||||||||
Interest payable | 3,545 | 2,309 | ||||||||||||||||||||
Other liabilities | 770 | 565 | ||||||||||||||||||||
TOTAL LIABILITIES | 457,683 | 325,902 | ||||||||||||||||||||
Commitments and contingencies | [2] | |||||||||||||||||||||
TOTAL NET ASSETS | 459,941 | 439,742 | ||||||||||||||||||||
ANALYSIS OF NET ASSETS | ||||||||||||||||||||||
Common stock, $0.001 par value per share, 100,000,000 shares authorized, 35,351,954 and 33,591,505 shares issued and outstanding, respectively | 35 | 34 | ||||||||||||||||||||
Capital in excess of par value | 426,302 | 401,798 | ||||||||||||||||||||
Cumulative net unrealized appreciation of investments | 34,304 | 32,913 | ||||||||||||||||||||
Cumulative net unrealized depreciation of other | 0 | 29 | ||||||||||||||||||||
Overdistributed net investment income | (16,666) | (5,527) | ||||||||||||||||||||
Accumulated net realized gain in excess of distributions | 15,966 | 10,495 | ||||||||||||||||||||
Total distributable earnings | 33,604 | 37,910 | ||||||||||||||||||||
TOTAL NET ASSETS | $ 459,941 | $ 439,742 | ||||||||||||||||||||
NET ASSET VALUE PER SHARE (in USD per share) | $ 13.01 | $ 13.09 | ||||||||||||||||||||
Related Party | ||||||||||||||||||||||
Borrowings: | ||||||||||||||||||||||
Fees due to related party | $ 38,268 | $ 29,635 | ||||||||||||||||||||
Fees due to Adviser | Related Party | ||||||||||||||||||||||
Borrowings: | ||||||||||||||||||||||
Fees due to related party | [3] | 37,693 | 28,919 | |||||||||||||||||||
Fee due to Administrator | Related Party | ||||||||||||||||||||||
Borrowings: | ||||||||||||||||||||||
Fees due to related party | [3] | 575 | 716 | |||||||||||||||||||
Non-Control/Non-Affiliate Investments | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||
Investments at fair value | 620,338 | [4] | 496,875 | [5] | ||||||||||||||||||
Affiliate Investments | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||
Investments at fair value | 278,226 | [6] | 255,955 | [7] | ||||||||||||||||||
Control Investments | ||||||||||||||||||||||
ASSETS | ||||||||||||||||||||||
Investments at fair value | $ 4,244 | [8] | $ 713 | [9] | ||||||||||||||||||
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- Definition Due From Administrative Agent No definition available.
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- Definition Investment Company, Accumulated Net Realized Gain In Excess Of Distributions No definition available.
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- Definition Investment Company, Distributable Earnings (Loss), Accumulated Depreciation, Other No definition available.
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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of obligations incurred and payable classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition Amount, after accumulated amortization, of debt issuance costs. Includes, but is not limited to, legal, accounting, underwriting, printing, and registration costs. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of accumulated undistributed earnings (deficit) from unrealized appreciation (depreciation) of investment company. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of accumulated undistributed earnings (deficit) from ordinary income (loss) of investment company. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fair value of investment in security owned. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Net asset value per share or per unit of investments in certain entities that calculate net asset value per share. Includes, but is not limited to, by unit, membership interest, or other ownership interest. Investment includes, but is not limited to, investment in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Excludes fair value disclosure. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of accumulated undistributed earnings (deficit). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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