Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED SCHEDULE OF INVESTMENTS

v3.24.3
CONSOLIDATED SCHEDULE OF INVESTMENTS - USD ($)
$ in Thousands
Sep. 30, 2024
Mar. 31, 2024
Schedule of Investments [Line Items]    
Cost $ 840,147 $ 854,290 [1]
Fair Value 853,307 920,504 [1]
Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Fair Value 164,579 264,535
Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Fair Value 164,994 160,038
Hotels, Motels, Inns, and Gaming    
Schedule of Investments [Line Items]    
Fair Value 98,852 77,366
Oil and Gas    
Schedule of Investments [Line Items]    
Fair Value 56,379 51,171
Printing and Publishing    
Schedule of Investments [Line Items]    
Fair Value 13,500 14,238
Aerospace and Defense    
Schedule of Investments [Line Items]    
Fair Value 31,821 29,064
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)    
Schedule of Investments [Line Items]    
Fair Value 92,474 92,781
Telecommunications    
Schedule of Investments [Line Items]    
Fair Value 6,357 9,002
Secured First Lien Debt    
Schedule of Investments [Line Items]    
Cost 530,522 513,425
Fair Value 469,480 474,856
Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Cost 119,958 144,958
Fair Value 111,344 138,703
Preferred Equity    
Schedule of Investments [Line Items]    
Cost 145,070 145,070
Fair Value 228,528 213,480
Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Cost 44,597 50,837
Fair Value 43,955 93,465
Non-Control/Non-Affiliate Investments    
Schedule of Investments [Line Items]    
Cost 561,778 [2] 544,799 [3]
Fair Value 627,240 [2] 622,233 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Cost 341,731 [2] 324,731 [3]
Fair Value 322,601 [2] 324,348 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Diversified/Conglomerate Manufacturing    
Schedule of Investments [Line Items]    
Cost 5,950 [2] 5,950 [3]
Fair Value 4,984 [2] 5,567 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Cost 82,950 [2] 82,950 [3]
Fair Value 64,786 [2] 82,950 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Cost 36,750 [2] 36,750 [3]
Fair Value 36,750 [2] 36,750 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Hotels, Motels, Inns, and Gaming    
Schedule of Investments [Line Items]    
Cost 81,600 [2] 65,100 [3]
Fair Value 81,600 [2] 65,100 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Oil and Gas    
Schedule of Investments [Line Items]    
Cost 34,750 [2] 34,750 [3]
Fair Value 34,750 [2] 34,750 [3]
Non-Control/Non-Affiliate Investments | Secured First Lien Debt | Printing and Publishing    
Schedule of Investments [Line Items]    
Cost 13,500 [2] 13,000 [3]
Fair Value 13,500 [2] 13,000 [3]
Non-Control/Non-Affiliate Investments | Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Cost 93,340 [2] 93,340 [3]
Fair Value 92,748 [2] 93,340 [3]
Non-Control/Non-Affiliate Investments | Secured Second Lien Debt | Aerospace and Defense    
Schedule of Investments [Line Items]    
Cost 25,696 [2] 25,696 [3]
Fair Value 25,696 [2] 25,696 [3]
Non-Control/Non-Affiliate Investments | Preferred Equity    
Schedule of Investments [Line Items]    
Cost 82,110 [2] 82,110 [3]
Fair Value 167,936 [2] 162,522 [3]
Non-Control/Non-Affiliate Investments | Preferred Equity | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Cost 11,206 [2] 11,206 [3]
Fair Value 11,145 [2] 19,759 [3]
Non-Control/Non-Affiliate Investments | Preferred Equity | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Cost 16,236 [2] 16,236 [3]
Fair Value 49,871 [2] 49,650 [3]
Non-Control/Non-Affiliate Investments | Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Cost 44,597 [2] 44,618 [3]
Fair Value 43,955 [2] 42,023 [3]
Affiliate Investments    
Schedule of Investments [Line Items]    
Cost 260,960 [4] 292,082 [5]
Fair Value 225,497 [4] 295,366 [5]
Affiliate Investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Cost 179,581 [4] 179,484 [5]
Fair Value 146,309 [4] 147,603 [5]
Affiliate Investments | Secured First Lien Debt | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Cost 100,498 [4] 100,498 [5]
Fair Value 78,702 [4] 77,351 [5]
Affiliate Investments | Secured First Lien Debt | Telecommunications    
Schedule of Investments [Line Items]    
Cost 17,833 [4] 17,736 [5]
Fair Value 6,357 [4] 9,002 [5]
Affiliate Investments | Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Cost 26,618 [4] 51,618 [5]
Fair Value 18,596 [4] 45,363 [5]
Affiliate Investments | Preferred Equity    
Schedule of Investments [Line Items]    
Cost 54,761 [4] 54,761 [5]
Fair Value 60,592 [4] 50,958 [5]
Affiliate Investments | Preferred Equity | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Cost 24,309 [4] 24,309 [5]
Fair Value 9,946 [4] 8,033 [5]
Affiliate Investments | Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Cost 0 [4] 6,219 [5]
Fair Value 0 [4] 51,442 [5]
Control Investments    
Schedule of Investments [Line Items]    
Cost 17,409 [6] 17,409 [7]
Fair Value 570 [6] 2,905 [7]
Control Investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Cost 9,210 [6] 9,210 [7]
Fair Value 570 [6] 2,905 [7]
Control Investments | Preferred Equity    
Schedule of Investments [Line Items]    
Cost 8,199 [6] 8,199 [7]
Fair Value $ 0 [6] $ 0 [7]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Common Stock Warrants    
Schedule of Investments [Line Items]    
Units 3.50% [8],[9],[10],[11],[12] 3.50% [13],[14],[15],[16],[17]
Cost $ 0 [8],[11],[12] $ 0 [13],[15],[17]
Fair Value 0 [8],[11],[12] 0 [13],[15],[17]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit 1    
Schedule of Investments [Line Items]    
Principal amount 3,080 [8],[9],[10],[11],[18] 3,080 [13],[14],[16],[17]
Cost 3,080 [8],[11],[18] 3,080 [13],[17]
Fair Value $ 3,080 [8],[11],[18] $ 3,080 [13],[17]
Investment interest rate 7.00% [8],[11],[18],[19],[20],[21],[22] 7.30% [13],[17],[23],[24],[25],[26]
Line of credit facility, available $ 0 [8],[11],[18],[19],[20],[21],[22] $ 0 [13],[17],[23],[24],[25],[26]
Investment, reference rate and spread 2.00% [8],[11],[18],[19],[20],[21],[22] 2.00% [13],[17],[23],[24],[25],[26]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit 2    
Schedule of Investments [Line Items]    
Principal amount $ 753 [8],[9],[10],[11],[18] $ 656 [13],[14],[16],[17]
Cost 753 [8],[11],[18] 656 [13],[17]
Fair Value $ 753 [8],[11],[18] $ 656 [13],[17]
Investment interest rate 7.00% [8],[11],[18],[19],[20],[21],[22] 7.30% [13],[17],[23],[24],[25],[26]
Line of credit facility, available $ 297 [8],[11],[18],[19],[20],[21],[22] $ 394 [13],[17],[23],[24],[25],[26]
Investment, reference rate and spread 2.00% [8],[11],[18],[19],[20],[21],[22] 2.00% [13],[17],[23],[24],[25],[26]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares [13],[14],[15],[16],[17]   14,304
Cost [13],[15],[17]   $ 4,722
Fair Value [13],[15],[17]   0
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [13],[14],[16],[17]   14,000
Cost [13],[17]   14,000
Fair Value [13],[17]   $ 5,266
Investment interest rate [13],[17],[23],[24],[25],[26]   7.30%
Investment, reference rate and spread [13],[17],[23],[24],[25],[26]   2.00%
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Principal amount [8],[9],[10],[11],[18] $ 14,000  
Cost [8],[11],[18] 14,000  
Fair Value [8],[11],[18] $ 2,524  
Investment interest rate [8],[11],[18],[19],[20],[21],[22] 7.00%  
Investment, reference rate and spread [8],[11],[18],[19],[20],[21],[22] 2.00%  
Investment, Identifier [Axis]: B+T Group Acquisition, Inc.– Preferred Stock    
Schedule of Investments [Line Items]    
Shares [8],[9],[10],[11],[12] 14,304  
Cost [8],[11],[12] $ 4,722  
Fair Value [8],[11],[12] $ 0  
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 6,653 [9],[10],[11],[12] 6,653 [14],[15],[16],[17]
Cost $ 6,653 [11],[12] $ 6,653 [15],[17]
Fair Value 46,594 [11],[12] 48,759 [15],[17]
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Principal amount 17,700 [9],[10],[11] 17,700 [14],[16],[17]
Cost 17,700 [11] 17,700 [17]
Fair Value $ 17,700 [11] $ 17,700 [17]
Investment interest rate 14.80% [11],[19],[20],[21],[22] 15.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 10.00% [11],[19],[20],[21],[22] 10.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 2    
Schedule of Investments [Line Items]    
Principal amount $ 6,850 [9],[10],[11] $ 6,850 [14],[16],[17]
Cost 6,850 [11] 6,850 [17]
Fair Value $ 6,850 [11] $ 6,850 [17]
Investment interest rate 14.80% [11],[19],[20],[21],[22] 15.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 10.00% [11],[19],[20],[21],[22] 10.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc - Preferred Equity    
Schedule of Investments [Line Items]    
Shares [9],[10],[11],[12] 21,000  
Cost [11],[12] $ 21,000  
Fair Value [11],[12] 23,499  
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 38,250  
Cost [11] 38,250  
Fair Value [11] $ 38,250  
Investment interest rate [11],[19],[20],[21],[22] 15.80%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 11.00%  
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares [14],[15],[16],[17]   21,000
Cost [15],[17]   $ 21,000
Fair Value [15],[17]   22,181
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   38,250
Cost [17]   38,250
Fair Value [17]   $ 38,250
Investment interest rate [17],[23],[24],[25],[26]   16.30%
Investment, reference rate and spread [17],[23],[24],[25],[26]   11.00%
Investment, Identifier [Axis]: Diligent Delivery Systems – Common Stock Warrants    
Schedule of Investments [Line Items]    
Units 8.00% [9],[10],[11],[12] 8.00% [14],[15],[16],[27]
Cost $ 500 [11],[12] $ 500 [15],[27]
Fair Value 0 [11],[12] 500 [15],[27]
Investment, Identifier [Axis]: Diligent Delivery Systems – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 13,000 [9],[10],[18],[28] 13,000 [14],[16],[27]
Cost 13,000 [18],[28] 13,000 [27]
Fair Value $ 12,408 [18],[28] $ 13,000 [27]
Investment interest rate 13.80% [18],[19],[20],[21],[22],[28] 14.30% [23],[24],[25],[26],[27]
Investment, reference rate and spread 9.00% [18],[19],[20],[21],[22],[28] 9.00% [23],[24],[25],[26],[27]
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc - Term Debt    
Schedule of Investments [Line Items]    
Principal amount [8],[9],[10],[11],[18] $ 9,210  
Cost [8],[11],[18] 9,210  
Fair Value [8],[11],[18] $ 570  
Investment interest rate [8],[11],[18],[19],[20],[21],[22] 10.30%  
Investment, reference rate and spread [8],[11],[18],[19],[20],[21],[22] 5.50%  
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. - Preferred Stock    
Schedule of Investments [Line Items]    
Shares [8],[9],[10],[11],[12] 8,199  
Cost [8],[11],[12] $ 8,199  
Fair Value [8],[11],[12] $ 0  
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares [13],[14],[15],[16],[17]   8,199
Cost [13],[15],[17]   $ 8,199
Fair Value [13],[15],[17]   0
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [13],[14],[16],[17],[29]   9,210
Cost [13],[17],[29]   9,210
Fair Value [13],[17],[29]   $ 2,905
Investment interest rate [13],[17],[23],[24],[25],[26],[29]   10.80%
Investment, reference rate and spread [13],[17],[23],[24],[25],[26],[29]   5.50%
Investment, Identifier [Axis]: Educators Resource, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 8,560 [9],[10],[11],[12] 8,560 [14],[15],[16],[17]
Cost $ 8,560 [11],[12] $ 8,560 [15],[17]
Fair Value 30,140 [11],[12] 29,638 [15],[17]
Investment, Identifier [Axis]: Educators Resource, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 20,000 [9],[10],[11] 20,000 [14],[16],[17]
Cost 20,000 [11] 20,000 [17]
Fair Value $ 20,000 [11] $ 20,000 [17]
Investment interest rate 15.30% [11],[19],[20],[21],[22] 15.80% [17],[23],[24],[25],[26]
Investment, reference rate and spread 10.50% [11],[19],[20],[21],[22] 10.50% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Funko Acquisition Holdings, LLC – Common Units    
Schedule of Investments [Line Items]    
Shares [13],[14],[15],[16],[30]   4,239
Cost [13],[15],[30]   $ 21
Fair Value [13],[15],[30]   $ 18
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Shares 16,957 [9],[10],[11],[12] 16,957 [14],[15],[16],[17]
Cost $ 11,513 [11],[12] $ 11,513 [15],[17]
Fair Value 6,125 [11],[12] 3,368 [15],[17]
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Principal amount 6,900 [9],[10],[11] 6,900 [14],[16],[17]
Cost 6,900 [11] 6,900 [17]
Fair Value $ 6,900 [11] $ 6,900 [17]
Investment interest rate 8.90% [11],[19],[20],[21],[22] 9.40% [17],[23],[24],[25],[26]
Investment, reference rate and spread 4.10% [11],[19],[20],[21],[22] 4.10% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 2    
Schedule of Investments [Line Items]    
Principal amount $ 18,796 [9],[10],[11] $ 18,796 [14],[16],[17]
Cost 18,796 [11] 18,796 [17]
Fair Value $ 18,796 [11] $ 18,796 [17]
Investment interest rate 11.80% [11],[19],[20],[21],[22] 12.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 7.00% [11],[19],[20],[21],[22] 7.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Shares 63,747 [9],[10],[11],[12] 63,747 [14],[15],[16],[17]
Cost $ 8 [11],[12] $ 8 [15],[17]
Fair Value $ 0 [11],[12] $ 0 [15],[17]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 19,280 [9],[10],[11],[12] 19,280 [14],[15],[16],[17]
Cost $ 9,583 [11],[12] $ 9,583 [15],[17]
Fair Value 3,277 [11],[12] 891 [15],[17]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 12,200  
Cost [11] 12,200  
Fair Value [11] $ 12,200  
Investment interest rate [11],[19],[20],[21],[22] 14.80%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 10.00%  
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   12,200
Cost [17]   12,200
Fair Value [17]   $ 12,200
Investment interest rate [17],[23],[24],[25],[26]   15.30%
Investment, reference rate and spread [17],[23],[24],[25],[26]   10.00%
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. - Line of Credit    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] $ 1,500  
Cost [11] 1,500  
Fair Value [11] $ 1,500  
Investment interest rate [11],[19],[20],[21],[22] 10.80%  
Line of credit facility, available [11],[19],[20],[21],[22] $ 500  
Investment, reference rate and spread [11],[19],[20],[21],[22] 6.00%  
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. - Term Debt    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] $ 12,000  
Cost [11] 12,000  
Fair Value [11] $ 12,000  
Investment interest rate [11],[19],[20],[21],[22] 13.80%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 9.00%  
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   $ 1,000
Cost [17]   1,000
Fair Value [17]   $ 1,000
Investment interest rate [17],[23],[24],[25],[26]   11.30%
Line of credit facility, available [17],[23],[24],[25],[26]   $ 1,000
Investment, reference rate and spread [17],[23],[24],[25],[26]   6.00%
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares [14],[15],[16],[17]   3,275,000
Cost [15],[17]   $ 3,275
Fair Value [15],[17]   1,238
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   12,000
Cost [17]   12,000
Fair Value [17]   $ 12,000
Investment interest rate [17],[23],[24],[25],[26]   14.30%
Investment, reference rate and spread [17],[23],[24],[25],[26]   9.00%
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc.- Preferred Stock    
Schedule of Investments [Line Items]    
Shares [9],[10],[11],[12] 3,275,000  
Cost [11],[12] $ 3,275  
Fair Value [11],[12] $ 0  
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 10,080 [9],[10],[11],[12] 10,080 [14],[15],[16],[17]
Cost $ 0 [11],[12] $ 0 [15],[17]
Fair Value 0 [11],[12] 0 [15],[17]
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 57,700 [9],[10],[11] 57,700 [14],[16],[17]
Cost 57,700 [11] 57,700 [17]
Fair Value $ 39,536 [11] $ 57,700 [17]
Investment interest rate 12.30% [11],[19],[20],[21],[22] 12.80% [17],[23],[24],[25],[26]
Investment, reference rate and spread 7.50% [11],[19],[20],[21],[22] 7.50% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 67,490 [9],[10],[11],[12] 67,490 [14],[15],[16],[17]
Cost $ 6,749 [11],[12] $ 6,749 [15],[17]
Fair Value 3,269 [11],[12] 2,607 [15],[17]
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 22,000 [9],[10],[11] 22,000 [14],[16],[17]
Cost 22,000 [11] 22,000 [17]
Fair Value $ 22,000 [11] $ 22,000 [17]
Investment interest rate 15.80% [11],[19],[20],[21],[22] 16.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 11.00% [11],[19],[20],[21],[22] 11.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Line of Credit    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17],[29]   $ 5,000
Cost [17],[29]   5,000
Fair Value [17],[29]   $ 2,682
Investment interest rate [17],[23],[24],[25],[26],[29]   11.30%
Line of credit facility, available [17],[23],[24],[25],[26],[29]   $ 0
Investment, reference rate and spread [17],[23],[24],[25],[26],[29]   6.00%
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 1    
Schedule of Investments [Line Items]    
Principal amount $ 16,500 [9],[10],[11],[18] $ 16,500 [14],[16],[17],[29]
Cost 16,500 [11],[18] 16,500 [17],[29]
Fair Value $ 9,298 [11],[18] $ 8,852 [17],[29]
Investment interest rate 10.80% [11],[18],[19],[20],[21],[22] 11.30% [17],[23],[24],[25],[26],[29]
Investment, reference rate and spread 6.00% [11],[18],[19],[20],[21],[22] 6.00% [17],[23],[24],[25],[26],[29]
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 2    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17],[29]   $ 26,000
Cost [17],[29]   26,000
Fair Value [17],[29]   $ 13,949
Investment interest rate [17],[23],[24],[25],[26],[29]   15.60%
Investment, reference rate and spread [17],[23],[24],[25],[26],[29]   10.30%
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 3    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17],[29]   $ 2,438
Cost [17],[29]   2,438
Fair Value [17],[29]   $ 1,308
Investment interest rate [17],[23],[24],[25],[26],[29]   11.30%
Investment, reference rate and spread [17],[23],[24],[25],[26],[29]   6.00%
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Line of Credit    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11],[18] $ 5,000  
Cost [11],[18] 5,000  
Fair Value [11],[18] $ 2,818  
Investment interest rate [11],[18],[19],[20],[21],[22] 10.80%  
Line of credit facility, available [11],[18],[19],[20],[21],[22] $ 0  
Investment, reference rate and spread [11],[18],[19],[20],[21],[22] 6.00%  
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 2    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11],[18] $ 26,000  
Cost [11],[18] 26,000  
Fair Value [11],[18] $ 14,651  
Investment interest rate [11],[18],[19],[20],[21],[22] 15.10%  
Investment, reference rate and spread [11],[18],[19],[20],[21],[22] 10.30%  
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 3    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11],[18] $ 2,438  
Cost [11],[18] 2,438  
Fair Value [11],[18] $ 1,375  
Investment interest rate [11],[18],[19],[20],[21],[22] 10.80%  
Investment, reference rate and spread [11],[18],[19],[20],[21],[22] 6.00%  
Investment, Identifier [Axis]: J.R. Hobbs Co. – Atlanta, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 10,920 [9],[10],[11],[12] 10,920 [14],[15],[16],[17]
Cost $ 10,920 [11],[12] $ 10,920 [15],[17]
Fair Value $ 0 [11],[12] $ 0 [15],[17]
Investment, Identifier [Axis]: Mason West, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 11,206 [9],[10],[11],[12] 11,206 [14],[15],[16],[17]
Cost $ 11,206 [11],[12] $ 11,206 [15],[17]
Fair Value 11,145 [11],[12] 19,759 [15],[17]
Investment, Identifier [Axis]: Mason West, LLC – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 25,250 [9],[10],[11] 25,250 [14],[16],[17]
Cost 25,250 [11] 25,250 [17]
Fair Value $ 25,250 [11] $ 25,250 [17]
Investment interest rate 14.80% [11],[19],[20],[21],[22] 15.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 10.00% [11],[19],[20],[21],[22] 10.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Principal amount $ 2,000 [9],[10],[11] $ 4,000 [14],[16],[17]
Cost 2,000 [11] 4,000 [17]
Fair Value $ 2,000 [11] $ 4,000 [17]
Investment interest rate 12.80% [11],[19],[20],[21],[22] 13.30% [17],[23],[24],[25],[26]
Line of credit facility, available $ 4,000 [11],[19],[20],[21],[22] $ 0 [17],[23],[24],[25],[26]
Investment, reference rate and spread 8.00% [11],[19],[20],[21],[22] 8.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 6,600 [9],[10],[11],[12] 6,600 [14],[15],[16],[17]
Cost $ 6,600 [11],[12] $ 6,600 [15],[17]
Fair Value 17,252 [11],[12] 12,266 [15],[17]
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 79,600 [9],[10],[11],[31] 61,100 [14],[16],[17],[32]
Cost 79,600 [11],[31] 61,100 [17],[32]
Fair Value $ 79,600 [11],[31] $ 61,100 [17],[32]
Investment interest rate 14.50% [11],[19],[20],[21],[22],[31] 14.50% [17],[23],[24],[25],[26],[32]
Investment, reference rate and spread 10.50% [11],[19],[20],[21],[22],[31] 10.50% [17],[23],[24],[25],[26],[32]
Investment, Identifier [Axis]: Nth Degree Investment Group, LLC – Common Stock    
Schedule of Investments [Line Items]    
Shares [14],[15],[16],[17]   17,216,976
Cost [15],[17]   $ 6,219
Fair Value [15],[17]   51,442
Investment, Identifier [Axis]: Nth Degree Investment Group, LLC – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[33]   25
Cost [33]   25,000
Fair Value [33]   $ 25,000
Investment interest rate [23],[24],[25],[26],[33]   13.80%
Investment, reference rate and spread [23],[24],[25],[26],[33]   8.50%
Investment, Identifier [Axis]: Old World Christmas, Inc. – Term Loan    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   $ 43,000
Cost [17]   43,000
Fair Value [17]   $ 43,000
Investment interest rate [17],[23],[24],[25],[26]   14.80%
Investment, reference rate and spread [17],[23],[24],[25],[26]   9.50%
Investment, Identifier [Axis]: Old World Christmas, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 6,180 [9],[10],[11],[12] 6,180 [14],[15],[16],[17]
Cost $ 0 [11],[12] $ 0 [15],[17]
Fair Value 35,373 [11],[12] $ 30,638 [15],[17]
Investment, Identifier [Axis]: Old World Christmas, Inc. – Secured First Lien Term Loan    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 43,000  
Cost [11] 43,000  
Fair Value [11] $ 43,000  
Investment interest rate [11],[19],[20],[21],[22] 14.30%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 9.50%  
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 158,598 [9],[10],[11],[12] 158,598 [14],[15],[16],[17]
Cost $ 19,730 [11],[12] $ 19,730 [15],[17]
Fair Value 0 [11],[12] 0 [15],[17]
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 26,618 [9],[10],[11] 26,618 [14],[16],[17]
Cost 26,618 [11] 26,618 [17]
Fair Value $ 18,596 [11] $ 20,363 [17]
Investment interest rate 10.30% [11],[19],[20],[21],[22] 10.80% [17],[23],[24],[25],[26]
Investment, reference rate and spread 5.50% [11],[19],[20],[21],[22] 5.50% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Phoenix Door Systems, Inc – Line of Credit    
Schedule of Investments [Line Items]    
Principal amount $ 2,750 [9],[10],[11] $ 2,750 [14],[16],[17]
Cost 2,750 [11] 2,750 [17]
Fair Value $ 2,750 [11] $ 2,750 [17]
Investment interest rate 11.80% [11],[19],[20],[21],[22] 12.30% [17],[23],[24],[25],[26]
Line of credit facility, available $ 200 [11],[19],[20],[21],[22] $ 0 [17],[23],[24],[25],[26]
Investment, reference rate and spread 7.00% [11],[19],[20],[21],[22] 7.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Shares 4,221 [9],[10],[11],[12] 4,221 [14],[15],[16],[17]
Cost $ 1,830 [11],[12] $ 1,830 [15],[17]
Fair Value 0 [11],[12] 0 [15],[17]
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 3,200 [9],[10],[11] 3,200 [14],[16],[17]
Cost 3,200 [11] 3,200 [17]
Fair Value $ 2,234 [11] $ 2,817 [17]
Investment interest rate 15.80% [11],[19],[20],[21],[22] 16.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 11.00% [11],[19],[20],[21],[22] 11.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Shares 18,721 [9],[10],[11],[12] 18,721 [14],[15],[16],[17]
Cost $ 30,746 [11],[12] $ 30,746 [15],[17]
Fair Value 37,830 [11],[12] 38,137 [15],[17]
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   54,644
Cost [17]   54,644
Fair Value [17]   $ 54,644
Investment interest rate [17],[23],[24],[25],[26]   12.50%
Investment, reference rate and spread [17],[23],[24],[25],[26]   7.00%
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 54,644  
Cost [11] 54,644  
Fair Value [11] $ 54,644  
Investment interest rate [11],[19],[20],[21],[22] 12.50%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 7.00%  
Investment, Identifier [Axis]: Schylling, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 4,000 [9],[10],[11],[12] 4,000 [14],[15],[16],[17]
Cost $ 4,000 [11],[12] $ 4,000 [15],[17]
Fair Value 14,400 [11],[12] 11,369 [15],[17]
Investment, Identifier [Axis]: Schylling, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 27,981 [9],[10],[11] 27,981 [14],[16],[17]
Cost 27,981 [11] 27,981 [17]
Fair Value $ 27,981 [11] $ 27,981 [17]
Investment interest rate 15.80% [11],[19],[20],[21],[22] 16.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 11.00% [11],[19],[20],[21],[22] 11.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: The E3 Company, LLC – Line of Credit    
Schedule of Investments [Line Items]    
Principal amount $ 1,000 [9],[10],[11] $ 1,000 [14],[16],[17]
Cost 1,000 [11] 1,000 [17]
Fair Value $ 1,000 [11] $ 1,000 [17]
Investment interest rate 10.30% [11],[19],[20],[21],[22] 10.80% [17],[23],[24],[25],[26]
Line of credit facility, available $ 1,000 [11],[19],[20],[21],[22] $ 1,000 [17],[23],[24],[25],[26]
Investment, reference rate and spread 5.50% [11],[19],[20],[21],[22] 5.50% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: The E3 Company, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 11,233 [9],[10],[11],[12] 11,233 [14],[15],[16],[17]
Cost $ 11,233 [11],[12] $ 11,233 [15],[17]
Fair Value 21,629 [11],[12] 16,421 [15],[17]
Investment, Identifier [Axis]: The E3 Company, LLC – Term Debt    
Schedule of Investments [Line Items]    
Principal amount 33,750 [9],[10],[11] 33,750 [14],[16],[17]
Cost 33,750 [11] 33,750 [17]
Fair Value $ 33,750 [11] $ 33,750 [17]
Investment interest rate 13.80% [11],[19],[20],[21],[22] 14.30% [17],[23],[24],[25],[26]
Investment, reference rate and spread 9.00% [11],[19],[20],[21],[22] 9.00% [17],[23],[24],[25],[26]
Investment, Identifier [Axis]: The Maids International, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Shares 6,640 [9],[10],[11],[12] 6,640 [14],[15],[16],[17]
Cost $ 6,640 [11],[12] $ 6,640 [15],[17]
Fair Value 6,677 [11],[12] 5,426 [15],[17]
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   28,560
Cost [17]   28,560
Fair Value [17]   $ 28,560
Investment interest rate [17],[23],[24],[25],[26]   15.80%
Investment, reference rate and spread [17],[23],[24],[25],[26]   10.50%
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 28,560  
Cost [11] 28,560  
Fair Value [11] $ 28,560  
Investment interest rate [11],[19],[20],[21],[22] 15.30%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 10.50%  
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd. - Preferred Stock    
Schedule of Investments [Line Items]    
Shares 6,000 [9],[10],[11],[12] 6,000 [14],[15],[16],[17]
Cost $ 6,000 [11],[12] $ 6,000 [15],[17]
Fair Value 15,273 [11],[12] 12,287 [15],[17]
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd. - Term Debt    
Schedule of Investments [Line Items]    
Principal amount [14],[16],[17]   18,250
Cost [17]   18,250
Fair Value [17]   $ 18,250
Investment interest rate [17],[23],[24],[25],[26]   15.30%
Investment, reference rate and spread [17],[23],[24],[25],[26]   10.00%
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd., 2    
Schedule of Investments [Line Items]    
Principal amount [9],[10],[11] 18,250  
Cost [11] 18,250  
Fair Value [11] $ 18,250  
Investment interest rate [11],[19],[20],[21],[22] 14.80%  
Investment, reference rate and spread [11],[19],[20],[21],[22] 10.00%  
[1] Cumulative gross unrealized appreciation for federal income tax purposes is $180.5 million; cumulative gross unrealized depreciation for federal income tax purposes is $115.8 million. Cumulative net unrealized appreciation is $64.7 million, based on a tax cost of $855.8 million.
[2] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[3] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[4] Affiliate investments, as defined by the 1940 Act, are those that are not Control investments and in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[5] Affiliate investments, as defined by the 1940 Act, are those that are not Control investments and in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[6] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[7] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[8]
(K)One of our affiliated funds, Gladstone Capital Corporation, co-invested with us in this portfolio company pursuant to an exemptive order granted by the U.S. Securities and Exchange Commission.
[9] Represents the principal balance, presented in thousands, for debt investments and the number of shares/units held for equity investments. Warrants are represented as a percentage of ownership, as applicable.
[10] Where applicable, aggregates all shares of a class of stock owned without regard to specific series owned within such class (some series of which may or may not be voting shares) or aggregates all warrants to purchase shares of a class of stock owned without regard to specific series of such class of stock such warrants allow us to purchase.
[11] Fair value was based on the total enterprise value of the portfolio company, which is generally allocated to the portfolio company’s securities in order of their relative priority in the capital structure. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[12] Security is non-income producing
[13] One of our affiliated funds, Gladstone Capital Corporation, co-invested with us in this portfolio company pursuant to an exemptive order granted by the U.S. Securities and Exchange Commission.
[14] Represents the principal balance, presented in thousands, for debt investments and the number of shares/units held for equity investments. Warrants are represented as a percentage of ownership, as applicable.
[15] Security is non-income producing.
[16] Where applicable, aggregates all shares of a class of stock owned without regard to specific series owned within such class (some series of which may or may not be voting shares) or aggregates all warrants to purchase shares of a class of stock owned without regard to specific series of such class of stock such warrants allow us to purchase.
[17] Fair value was based on the total enterprise value of the portfolio company, which is generally allocated to the portfolio company’s securities in order of their relative priority in the capital structure. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[18] Debt security is on non-accrual status.
[19] Category percentages represent the fair value of each category and subcategory as a percentage of net assets as of September 30, 2024.
[20] Certain of the securities listed are issued by affiliate(s) of the indicated portfolio company. The majority of the securities listed, totaling $648.0 million at fair value, are pledged as collateral to our revolving line of credit, as described further in Note 5—Borrowings in the accompanying Notes to Consolidated Financial Statements. Additionally, under Section 55 of the Investment Company Act of 1940, as amended (the "1940 Act"), we may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets.
[21] Unless indicated otherwise, all cash interest rates are indexed to 30 day Secured Overnight Financing Rate ("SOFR"), which was 4.8% as of September 30, 2024. If applicable, paid-in-kind interest rates are noted separately from the cash interest rate. Certain securities are subject to an interest rate floor. The cash interest rate is the greater of the floor or the reference rate plus a spread. Due dates represent the contractual maturity date.
[22] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 820, "Fair Value Measurements and Disclosures" ("ASC 820") fair value hierarchy. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[23] Unless indicated otherwise, all cash interest rates are indexed to 30-day SOFR, which was 5.3% as of March 31, 2024. If applicable, paid-in-kind interest rates are noted separately from the cash interest rate. Certain securities are subject to an interest rate floor. The cash interest rate is the greater of the floor or reference rate plus a spread. Due dates represent the contractual maturity date.
[24] Category percentages represent the fair value of each category and subcategory as a percentage of net assets as of March 31, 2024.
[25] Certain of the securities listed are issued by affiliate(s) of the indicated portfolio company. The majority of the securities listed, totaling $717.3 million at fair value, are pledged as collateral to our revolving line of credit, as described further in Note 5—Borrowings in the accompanying Notes to Consolidated Financial Statements. Additionally, under Section 55 of the 1940 Act, we may not acquire any non-qualifying assets unless, at the time such acquisition is made, qualifying assets represent at least 70% of our total assets. As of March 31, 2024, our investment in Funko Acquisition Holdings, LLC ("Funko") was considered a non-qualifying asset under Section 55 of the 1940 Act and represented less than 0.1% of total investments, at fair value.
[26] Unless indicated otherwise, all of our investments are valued using Level 3 inputs within the FASB ASC 820 fair value hierarchy. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[27] Fair value was based on the expected exit or payoff amount, where such event has occurred or is expected to occur imminently.
[28] Fair value was based on an internal yield analysis or on estimates of value submitted by a third-party valuation firm. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[29] Debt security is on non-accrual status.
[30] Our investment in Funko was valued using Level 2 inputs within the ASC 820 fair value hierarchy. Our common units in Funko are convertible into class A common stock in Funko, Inc. upon meeting certain requirements. Fair value was based on the closing market price of shares of Funko, Inc. as of the reporting date, less a discount for lack of marketability. Funko, Inc. is traded on the Nasdaq Global Select Market under the trading symbol “FNKO.” Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[31] Debt security is subject to an interest rate ceiling.
[32] Debt security is subject to an interest rate ceiling.
[33] Fair value was based on internal yield analysis or on estimates of value submitted by a third-party valuation firm. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.