Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details)

v3.25.0.1
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Related Party Transactions [Abstract]        
Average total assets subject to base management fee $ 974,400 $ 920,400 $ 929,133 $ 858,267
Multiplied by prorated annual base management fee of 2.0% 0.50% 0.50% 1.50% 1.50%
Base management fee [1] $ 4,872 $ 4,602 $ 13,937 $ 12,874
Credits to fees from adviser - other (2,851) (1,793) (4,147) (5,117)
Net base management fee 2,021 2,809 9,790 7,757
Loan servicing fee [1] 2,405 2,332 6,821 6,829
Credits to base management fee – loan servicing fee (2,405) (2,332) (6,821) (6,829)
Net loan servicing fee 0 0 0 0
Incentive fee – income-based 1,887 2,282 2,481 6,142
Incentive fee – capital gains-based 7,466 (615) 5,316 9,259
Total incentive fee 9,353 1,667 7,797 15,401
Credits to fees from adviser - other 0 0 0 0
Net total incentive fee [1] $ 9,353 $ 1,667 $ 7,797 $ 15,401
Base management fee (as a percent) 2.00% 2.00% 2.00% 2.00%
[1] Refer to Note 4 — Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.