Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical)

v3.25.1
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 196.20% [1],[2],[3],[4],[5] 186.80% [6],[7],[8],[9],[10]
Investments owned, fair value $ 979,320 [3] $ 920,504 [6]
Percentage threshold of qualified assets representing total assets in order to acquire non-qualified assets 70.00% 70.00%
Investment, interest rate, paid in cash 4.30% 5.30%
Cumulative net unrealized appreciation $ 183,300 $ 180,500
Cumulative gross unrealized depreciation 144,900 115,800
Cumulative gross unrealized appreciation for federal income tax purposes 38,500 64,700
Based on a tax cost 940,900 855,800
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Common Stock Warrants    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [11],[12],[13] $ 0 [14],[15],[16]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[14],[16]   2.00%
Investment interest rate [7],[8],[9],[10],[14],[16]   7.30%
Line of credit facility, available [7],[8],[9],[10],[14],[16]   $ 0
Investments owned, fair value [14],[16]   $ 3,080
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13],[17] 2.00%  
Investment interest rate [1],[2],[4],[5],[11],[13],[17] 7.00%  
Line of credit facility, available [1],[2],[4],[5],[11],[13],[17] $ 0  
Investments owned, fair value [11],[13],[17] $ 3,080  
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit 2    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 2.00% [1],[2],[4],[5],[11],[13],[17] 2.00% [7],[8],[9],[10],[14],[16]
Investment interest rate 7.00% [1],[2],[4],[5],[11],[13],[17] 7.30% [7],[8],[9],[10],[14],[16]
Line of credit facility, available $ 120 [1],[2],[4],[5],[11],[13],[17] $ 394 [7],[8],[9],[10],[14],[16]
Investments owned, fair value 930 [11],[13],[17] $ 656 [14],[16]
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [11],[12],[13] $ 0  
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[14],[16]   2.00%
Investment interest rate [7],[8],[9],[10],[14],[16]   7.30%
Investments owned, fair value [14],[16]   $ 5,266
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13],[17] 2.00%  
Investment interest rate [1],[2],[4],[5],[11],[13],[17] 7.00%  
Investments owned, fair value [11],[13],[17] $ 3,575  
Investment, Identifier [Axis]: B+T Group Acquisition, Inc.– Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [14],[15],[16]   0
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 51,877 [12],[13] $ 48,759 [15],[16]
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.00% [1],[2],[4],[5],[13] 10.00% [7],[8],[9],[10],[16]
Investment interest rate 14.30% [1],[2],[4],[5],[13] 15.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 17,700 [13] $ 17,700 [16]
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 2    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.00% [1],[2],[4],[5],[13] 10.00% [7],[8],[9],[10],[16]
Investment interest rate 14.30% [1],[2],[4],[5],[13] 15.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 6,850 [13] $ 6,850 [16]
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc. - Preferred Equity    
Schedule of Investments [Line Items]    
Investments owned, fair value [12],[13] $ 31,070  
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc. – Preferred Equity    
Schedule of Investments [Line Items]    
Investments owned, fair value [15],[16]   $ 22,181
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 11.00% [1],[2],[4],[5],[13] 11.00% [7],[8],[9],[10],[16]
Investment interest rate 15.30% [1],[2],[4],[5],[13] 16.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 38,250 [13] $ 38,250 [16]
Investment, Identifier [Axis]: Diligent Delivery Systems – Common Stock Warrants    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [12],[13] $ 500 [15],[18]
Investment, Identifier [Axis]: Diligent Delivery Systems – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 9.00% [1],[2],[4],[5],[17],[19] 9.00% [7],[8],[9],[10],[18]
Investment interest rate 13.30% [1],[2],[4],[5],[17],[19] 14.30% [7],[8],[9],[10],[18]
Investments owned, fair value $ 12,624 [17],[19] $ 13,000 [18]
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [11],[12],[13] $ 0 [14],[15],[16]
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13],[17] 5.50%  
Investment interest rate [1],[2],[4],[5],[11],[13],[17] 9.80%  
Investments owned, fair value [11],[13],[17] $ 343  
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[14],[16],[20]   5.50%
Investment interest rate [7],[8],[9],[10],[14],[16],[20]   10.80%
Investments owned, fair value [14],[16],[20]   $ 2,905
Investment, Identifier [Axis]: Educators Resource, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 21,501 [12],[13] $ 29,638 [15],[16]
Investment, Identifier [Axis]: Educators Resource, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.50% [1],[2],[4],[5],[13] 10.50% [7],[8],[9],[10],[16]
Investment interest rate 14.80% [1],[2],[4],[5],[13] 15.80% [7],[8],[9],[10],[16]
Investments owned, fair value $ 30,000 [13] $ 20,000 [16]
Investment, Identifier [Axis]: Funko Acquisition Holdings, LLC – Common Units    
Schedule of Investments [Line Items]    
Investments owned, fair value [14],[15],[21]   18
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 3,480 [12],[13] $ 3,368 [15],[16]
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 4.10% [1],[2],[4],[5],[13] 4.10% [7],[8],[9],[10],[16]
Investment interest rate 8.40% [1],[2],[4],[5],[13] 9.40% [7],[8],[9],[10],[16]
Investments owned, fair value $ 6,900 [13] $ 6,900 [16]
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 2    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 7.00% [1],[2],[4],[5],[13] 7.00% [7],[8],[9],[10],[16]
Investment interest rate 11.30% [1],[2],[4],[5],[13] 12.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 18,796 [13] $ 18,796 [16]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value 0 [12],[13] 0 [15],[16]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 9,070 [12],[13] $ 891 [15],[16]
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.00% [1],[2],[4],[5],[13] 10.00% [7],[8],[9],[10],[16]
Investment interest rate 14.30% [1],[2],[4],[5],[13] 15.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 12,200 [13] $ 12,200 [16]
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 6.00% [1],[2],[4],[5],[13] 6.00% [7],[8],[9],[10],[16]
Investment interest rate 10.30% [1],[2],[4],[5],[13] 11.30% [7],[8],[9],[10],[16]
Line of credit facility, available $ 0 [1],[2],[4],[5],[13] $ 1,000 [7],[8],[9],[10],[16]
Investments owned, fair value $ 2,000 [13] 1,000 [16]
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Line of Credit Two    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 6.00%  
Investment interest rate [1],[2],[4],[5],[13] 10.30%  
Line of credit facility, available [1],[2],[4],[5],[13] $ 0  
Investments owned, fair value [13] 400  
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [12],[13] $ 1,238 [15],[16]
Investment, Identifier [Axis]: Home Concepts Acquisition, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 9.00% [1],[2],[4],[5],[13] 9.00% [7],[8],[9],[10],[16]
Investment interest rate 13.30% [1],[2],[4],[5],[13] 14.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 9,281 [13] $ 12,000 [16]
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [12],[13] $ 0 [15],[16]
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 0.50% [1],[2],[4],[5],[13] 7.50% [7],[8],[9],[10],[16]
Investment interest rate 6.00% [1],[2],[4],[5],[13] 12.80% [7],[8],[9],[10],[16]
Investments owned, fair value $ 29,634 [13] $ 57,700 [16]
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 12,921 [12],[13] $ 2,607 [15],[16]
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   11.00%
Investment interest rate [7],[8],[9],[10],[16]   16.30%
Investments owned, fair value [16]   $ 22,000
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 11.00%  
Investment interest rate [1],[2],[4],[5],[13] 15.30%  
Investments owned, fair value [13] $ 22,000  
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 6.00% [1],[2],[4],[5],[13],[17] 6.00% [7],[8],[9],[10],[16],[20]
Investment interest rate 10.30% [1],[2],[4],[5],[13],[17] 11.30% [7],[8],[9],[10],[16],[20]
Investments owned, fair value $ 10,019 [13],[17] $ 8,852 [16],[20]
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 2    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13],[17] 10.30%  
Investment interest rate [1],[2],[4],[5],[13],[17] 14.60%  
Investments owned, fair value [13],[17] $ 15,788  
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 3    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13],[17] 6.00%  
Investment interest rate [1],[2],[4],[5],[13],[17] 10.30%  
Investments owned, fair value [13],[17] $ 1,480  
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 6.00% [1],[2],[4],[5],[13],[17] 6.00% [7],[8],[9],[10],[16],[20]
Investment interest rate 10.30% [1],[2],[4],[5],[13],[17] 11.30% [7],[8],[9],[10],[16],[20]
Line of credit facility, available $ 0 [1],[2],[4],[5],[13],[17] $ 0 [7],[8],[9],[10],[16],[20]
Investments owned, fair value 3,036 [13],[17] $ 2,682 [16],[20]
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 2    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16],[20]   10.30%
Investment interest rate [7],[8],[9],[10],[16],[20]   15.60%
Investments owned, fair value [16],[20]   $ 13,949
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 3    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16],[20]   6.00%
Investment interest rate [7],[8],[9],[10],[16],[20]   11.30%
Investments owned, fair value [16],[20]   $ 1,308
Investment, Identifier [Axis]: J.R. Hobbs Co. – Atlanta, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value 0 [12],[13] 0 [15],[16]
Investment, Identifier [Axis]: Mason West, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 13,262 [12],[13] $ 19,759 [15],[16]
Investment, Identifier [Axis]: Mason West, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.00% [1],[2],[4],[5],[13] 10.00% [7],[8],[9],[10],[16]
Investment interest rate 14.30% [1],[2],[4],[5],[13] 15.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 25,250 [13] $ 25,250 [16]
Investment, Identifier [Axis]: Nielsen-Kellerman Acquisition Corp. Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13] 5.00%  
Investment interest rate [1],[2],[4],[5],[11],[13] 10.00%  
Line of credit facility, available [1],[2],[4],[5],[11],[13] $ 2,820  
Investments owned, fair value [11],[13] $ 1,070  
Investment, Identifier [Axis]: Nielsen-Kellerman Acquisition Corp. TL - Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13] 8.50%  
Investment interest rate [1],[2],[4],[5],[11],[13] 13.50%  
Investments owned, fair value [11],[13] $ 48,082  
Investment, Identifier [Axis]: Nielsen-Kellerman Acquisition Corp. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [11],[12],[13] 22,421  
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   8.00%
Investment interest rate [7],[8],[9],[10],[16]   13.30%
Line of credit facility, available [7],[8],[9],[10],[16]   $ 0
Investments owned, fair value [16]   4,000
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [15],[16]   $ 12,266
Investment, Identifier [Axis]: Nocturne Luxury Villas, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16],[22]   10.50%
Investment interest rate [7],[8],[9],[10],[16],[22]   14.50%
Investments owned, fair value [16],[22]   $ 61,100
Investment, Identifier [Axis]: Nth Degree Investment Group, LLC – Common Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value 4,975 [12],[23] $ 51,442 [15],[16]
Investment, Identifier [Axis]: Nth Degree Investment Group, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[24]   8.50%
Investment interest rate [7],[8],[9],[10],[24]   13.80%
Investments owned, fair value [24]   $ 25,000
Investment, Identifier [Axis]: Old World Christmas, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 23,539 [12],[13] $ 30,638 [15],[16]
Investment, Identifier [Axis]: Old World Christmas, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 9.50% [1],[2],[4],[5],[13] 9.50% [7],[8],[9],[10],[16]
Investment interest rate 13.80% [1],[2],[4],[5],[13] 14.80% [7],[8],[9],[10],[16]
Investments owned, fair value $ 38,000 [13] $ 43,000 [16]
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 996 [12],[13] $ 0 [15],[16]
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 1.00% [1],[2],[4],[5],[13] 5.50% [7],[8],[9],[10],[16]
Investment interest rate 7.00% [1],[2],[4],[5],[13] 10.80% [7],[8],[9],[10],[16]
Investments owned, fair value $ 10,616 [13] $ 20,363 [16]
Investment, Identifier [Axis]: Phoenix Door Systems, Inc – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   7.00%
Investment interest rate [7],[8],[9],[10],[16]   12.30%
Line of credit facility, available [7],[8],[9],[10],[16]   $ 0
Unused fee percentage [7],[8],[9],[10],[16]   0.30%
Investments owned, fair value [16]   $ 2,750
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 0 [12],[13] $ 0 [15],[16]
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 1.40%  
Investment interest rate [1],[2],[4],[5],[13] 5.70%  
Line of credit facility, available [1],[2],[4],[5],[13] $ 0  
Unused fee percentage [1],[2],[4],[5],[13] 0.30%  
Investments owned, fair value [13] $ 2,950  
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 3.40% [1],[2],[4],[5],[13] 11.00% [7],[8],[9],[10],[16]
Investment interest rate 7.70% [1],[2],[4],[5],[13] 16.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 3,200 [13] $ 2,817 [16]
Investment, Identifier [Axis]: Pyrotek Special Effects, Inc. - Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13],[25] 5.00%  
Investment interest rate [1],[2],[4],[5],[13],[25] 10.00%  
Line of credit facility, available [1],[2],[4],[5],[13],[25] $ 500  
Investments owned, fair value [13],[25] $ 2,500  
Investment, Identifier [Axis]: Pyrotek Special Effects, Inc. - Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13],[25] 8.00%  
Investment interest rate [1],[2],[4],[5],[13],[25] 13.00%  
Investments owned, fair value [13],[25] $ 20,120  
Investment, Identifier [Axis]: Pyrotek Special Effects, Inc.. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [12],[13],[25] 7,260  
Investment, Identifier [Axis]: Ricardo Defense, Inc. - Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [11],[12],[13] $ 17,388  
Investment, Identifier [Axis]: Ricardo Defense, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[11],[13] 9.00%  
Investment interest rate [1],[2],[4],[5],[11],[13] 13.30%  
Investments owned, fair value [11],[13] $ 61,305  
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Common Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 50,788 [12],[13] $ 38,137 [15],[16]
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 7.00%  
Investment interest rate [1],[2],[4],[5],[13] 12.50%  
Investments owned, fair value [13] $ 54,644  
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt 1    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   7.00%
Investment interest rate [7],[8],[9],[10],[16]   12.50%
Investments owned, fair value [16]   $ 54,644
Investment, Identifier [Axis]: Schylling, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 20,599 [12],[13] $ 11,369 [15],[16]
Investment, Identifier [Axis]: Schylling, Inc. – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 11.00% [1],[2],[4],[5],[13] 11.00% [7],[8],[9],[10],[16]
Investment interest rate 15.30% [1],[2],[4],[5],[13] 16.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 27,981 [13] $ 27,981 [16]
Investment, Identifier [Axis]: The E3 Company, LLC – Line of Credit    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   5.50%
Investment interest rate [7],[8],[9],[10],[16]   10.80%
Line of credit facility, available [7],[8],[9],[10],[16]   $ 1,000
Investments owned, fair value [16]   1,000
Investment, Identifier [Axis]: The E3 Company, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 35,839 [12],[13] $ 16,421 [15],[16]
Investment, Identifier [Axis]: The E3 Company, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 9.00%  
Investment interest rate [1],[2],[4],[5],[13] 13.50%  
Investments owned, fair value [13] $ 33,750  
Investment, Identifier [Axis]: The E3 Company, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   9.00%
Investment interest rate [7],[8],[9],[10],[16]   14.30%
Investments owned, fair value [16]   $ 33,750
Investment, Identifier [Axis]: The Maids International, LLC – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 8,410 [12],[13] $ 5,426 [15],[16]
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [1],[2],[4],[5],[13] 10.50%  
Investment interest rate [1],[2],[4],[5],[13] 14.80%  
Investments owned, fair value [13] $ 28,560  
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread [7],[8],[9],[10],[16]   10.50%
Investment interest rate [7],[8],[9],[10],[16]   15.80%
Investments owned, fair value [16]   $ 28,560
Investment, Identifier [Axis]: UPB Acquisition, Inc. – Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [12],[13] $ 26,010  
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd. - Preferred Stock    
Schedule of Investments [Line Items]    
Investments owned, fair value [15],[16]   $ 12,287
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd. - Term Debt    
Schedule of Investments [Line Items]    
Investment, reference rate and spread 10.00% [1],[2],[4],[5],[13] 10.00% [7],[8],[9],[10],[16]
Investment interest rate 14.30% [1],[2],[4],[5],[13] 15.30% [7],[8],[9],[10],[16]
Investments owned, fair value $ 15,000 [13] $ 18,250 [16]
Collateral Pledged    
Schedule of Investments [Line Items]    
Investments owned, fair value 764,700 $ 717,300
Funko Acquisition Holdings, LLC    
Schedule of Investments [Line Items]    
Percentage of acquired non-qualifying assets of total assets   0.10%
Aerospace and Defense    
Schedule of Investments [Line Items]    
Investments owned, fair value 107,869 $ 29,064
Buildings and Real Estate    
Schedule of Investments [Line Items]    
Investments owned, fair value 69,320 60,431
Cargo Transport    
Schedule of Investments [Line Items]    
Investments owned, fair value 12,624 13,500
Chemicals, Plastics, and Rubber    
Schedule of Investments [Line Items]    
Investments owned, fair value 11,612 20,363
Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investments owned, fair value 170,360 264,535
Electronics    
Schedule of Investments [Line Items]    
Investments owned, fair value 71,573 0
Healthcare, Education, and Childcare    
Schedule of Investments [Line Items]    
Investments owned, fair value 51,501 49,638
Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investments owned, fair value 159,236 160,038
Hotels, Motels, Inns, and Gaming    
Schedule of Investments [Line Items]    
Investments owned, fair value 0 77,366
Leisure, Amusement, Motion Pictures, and Entertainment    
Schedule of Investments [Line Items]    
Investments owned, fair value 78,460 39,350
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)    
Schedule of Investments [Line Items]    
Investments owned, fair value 105,432 92,781
Mining, Steel, Iron and Non-Precious Metals    
Schedule of Investments [Line Items]    
Investments owned, fair value 41,010 30,537
Oil and Gas    
Schedule of Investments [Line Items]    
Investments owned, fair value 69,589 51,171
Printing and Publishing    
Schedule of Investments [Line Items]    
Investments owned, fair value 11,681 14,238
Secured First Lien Debt    
Schedule of Investments [Line Items]    
Investments owned, fair value 514,334 474,856
Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Investments owned, fair value 103,580 138,703
Preferred Equity    
Schedule of Investments [Line Items]    
Investments owned, fair value 302,163 213,480
Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Investments owned, fair value $ 59,243 $ 93,465
Non-Control/Non-Affiliate investments    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 130.00% [1],[2],[4],[5],[26] 126.30% [7],[8],[9],[10],[27]
Investments owned, fair value $ 648,589 [26] $ 622,233 [27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 60.30% [1],[2],[4],[5],[26] 65.90% [7],[8],[9],[10],[27]
Investments owned, fair value $ 300,751 [26] $ 324,348 [27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Aerospace and Defense    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[26] 12.30%  
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Buildings and Real Estate    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 7.70% [1],[2],[4],[5],[26] 7.80% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Diversified/Conglomerate Manufacturing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 1.20% [1],[2],[4],[5],[26] 1.10% [7],[8],[9],[10],[27]
Investments owned, fair value $ 6,150 [26] $ 5,567 [27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 11.00% [1],[2],[4],[5],[26] 16.80% [7],[8],[9],[10],[27]
Investments owned, fair value $ 54,884 [26] $ 82,950 [27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Healthcare, Education, and Childcare    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 6.00% [1],[2],[4],[5],[26] 4.10% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 7.40% [1],[2],[4],[5],[26] 7.50% [7],[8],[9],[10],[27]
Investments owned, fair value $ 36,750 [26] $ 36,750 [27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Hotels, Motels, Inns, and Gaming    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [7],[8],[9],[10],[27]   13.20%
Investments owned, fair value [27]   $ 65,100
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Leisure, Amusement, Motion Pictures, and Entertainment    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 5.60% [1],[2],[4],[5],[26] 5.70% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Oil and Gas    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 6.80% [1],[2],[4],[5],[26] 7.10% [7],[8],[9],[10],[27]
Investments owned, fair value [27]   $ 34,750
Non-Control/Non-Affiliate investments | Secured First Lien Debt | Printing and Publishing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 2.30% [1],[2],[4],[5],[26] 2.60% [7],[8],[9],[10],[27]
Investments owned, fair value $ 11,681 [26] $ 13,000 [27]
Non-Control/Non-Affiliate investments | Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 18.60% [1],[2],[4],[5],[26] 18.90% [7],[8],[9],[10],[27]
Investments owned, fair value $ 92,964 [26] $ 93,340 [27]
Non-Control/Non-Affiliate investments | Secured Second Lien Debt | Aerospace and Defense    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 5.20% [1],[2],[4],[5],[26] 5.20% [7],[8],[9],[10],[27]
Investments owned, fair value $ 25,696 [26] $ 25,696 [27]
Non-Control/Non-Affiliate investments | Secured Second Lien Debt | Cargo Transport    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 2.50% [1],[2],[4],[5],[26] 2.60% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Secured Second Lien Debt | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 10.90% [1],[2],[4],[5],[26] 11.10% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Preferred Equity    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 40.20% [1],[2],[4],[5],[26] 33.00% [7],[8],[9],[10],[27]
Investments owned, fair value $ 200,606 [26] $ 162,522 [27]
Non-Control/Non-Affiliate investments | Preferred Equity | Aerospace and Defense    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[26] 3.50%  
Non-Control/Non-Affiliate investments | Preferred Equity | Buildings and Real Estate    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 6.20% [1],[2],[4],[5],[26] 4.50% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Preferred Equity | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 2.70% [1],[2],[4],[5],[26] 4.00% [7],[8],[9],[10],[27]
Investments owned, fair value $ 13,262 [26] $ 19,759 [27]
Non-Control/Non-Affiliate investments | Preferred Equity | Healthcare, Education, and Childcare    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 4.30% [1],[2],[4],[5],[26] 6.00% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Preferred Equity | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 12.20% [1],[2],[4],[5],[26] 10.10% [7],[8],[9],[10],[27]
Investments owned, fair value $ 60,947 [26] $ 49,650 [27]
Non-Control/Non-Affiliate investments | Preferred Equity | Hotels, Motels, Inns, and Gaming    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [7],[8],[9],[10],[27]   2.50%
Non-Control/Non-Affiliate investments | Preferred Equity | Leisure, Amusement, Motion Pictures, and Entertainment    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 4.10% [1],[2],[4],[5],[26] 2.30% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Preferred Equity | Oil and Gas    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 7.20% [1],[2],[4],[5],[26] 3.30% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Preferred Equity | Printing and Publishing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[26] 0.30% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 10.90% [1],[2],[4],[5],[26] 8.50% [7],[8],[9],[10],[27]
Investments owned, fair value $ 54,268 [26] $ 42,023 [27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Aerospace and Defense    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.70% [1],[2],[4],[5],[26] 0.70% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Cargo Transport    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[26] 0.10% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Diversified/Conglomerate Manufacturing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[26] 0.00% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[26] 0.00% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 10.20% [1],[2],[4],[5],[26] 7.70% [7],[8],[9],[10],[27]
Non-Control/Non-Affiliate investments | Common Equity/ Equivalents | Personal and Non-Durable Consumer Products (Manufacturing Only)    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [7],[8],[9],[10],[27]   0.00%
Affiliate investments    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 66.10% [1],[2],[4],[5],[28] 59.90% [7],[8],[9],[10],[29]
Investments owned, fair value $ 330,388 [28] $ 295,366 [29]
Affiliate investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 42.70% [1],[2],[4],[5],[28] 30.00% [7],[8],[9],[10],[29]
Investments owned, fair value $ 213,240 [28] $ 147,603 [29]
Affiliate investments | Secured First Lien Debt | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 16.20% [1],[2],[4],[5],[28] 15.70% [7],[8],[9],[10],[29]
Investments owned, fair value $ 80,883 [28] $ 77,351 [29]
Affiliate investments | Secured First Lien Debt | Electronics    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[28] 9.90%  
Investments owned, fair value [28] $ 49,152  
Affiliate investments | Secured First Lien Debt | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 7.60% [1],[2],[4],[5],[28] 8.70% [7],[8],[9],[10],[29]
Affiliate investments | Secured First Lien Debt | Leisure, Amusement, Motion Pictures, and Entertainment    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[28] 4.50%  
Investments owned, fair value [28] $ 22,620  
Affiliate investments | Secured First Lien Debt | Mining, Steel, Iron and Non-Precious Metals    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 3.00% [1],[2],[4],[5],[28] 3.70% [7],[8],[9],[10],[29]
Affiliate investments | Secured First Lien Debt | Telecommunications    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 1.50% [1],[2],[4],[5],[28] 1.90% [7],[8],[9],[10],[29]
Investments owned, fair value $ 7,585 [28] $ 9,002 [29]
Affiliate investments | Secured Second Lien Debt    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 2.10% [1],[2],[4],[5],[28] 9.20% [7],[8],[9],[10],[29]
Investments owned, fair value $ 10,616 [28] $ 45,363 [29]
Affiliate investments | Secured Second Lien Debt | Chemicals, Plastics, and Rubber    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 2.10% [1],[2],[4],[5],[28] 4.10% [7],[8],[9],[10],[29]
Affiliate investments | Secured Second Lien Debt | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [7],[8],[9],[10],[29]   5.10%
Affiliate investments | Preferred Equity    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 20.30% [1],[2],[4],[5],[28] 10.30% [7],[8],[9],[10],[29]
Investments owned, fair value $ 101,557 [28] $ 50,958 [29]
Affiliate investments | Preferred Equity | Chemicals, Plastics, and Rubber    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.20% [1],[2],[4],[5],[28] 0.00% [7],[8],[9],[10],[29]
Affiliate investments | Preferred Equity | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 4.30% [1],[2],[4],[5],[28] 1.60% [7],[8],[9],[10],[29]
Investments owned, fair value $ 21,331 [28] $ 8,033 [29]
Affiliate investments | Preferred Equity | Electronics    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[28] 4.50%  
Affiliate investments | Preferred Equity | Home and Office Furnishings, Housewares, and Durable Consumer Products    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 4.70% [1],[2],[4],[5],[28] 6.20% [7],[8],[9],[10],[29]
Affiliate investments | Preferred Equity | Leisure, Amusement, Motion Pictures, and Entertainment    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets [1],[2],[4],[5],[28] 1.40%  
Affiliate investments | Preferred Equity | Mining, Steel, Iron and Non-Precious Metals    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 5.20% [1],[2],[4],[5],[28] 2.50% [7],[8],[9],[10],[29]
Affiliate investments | Preferred Equity | Telecommunications    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[28] 0.00% [7],[8],[9],[10],[29]
Affiliate investments | Common Equity/ Equivalents    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 1.00% [1],[2],[4],[5],[28] 10.40% [7],[8],[9],[10],[29]
Investments owned, fair value $ 4,975 [28] $ 51,442 [29]
Affiliate investments | Common Equity/ Equivalents | Diversified/Conglomerate Services    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 1.00% [1],[2],[4],[5],[28] 10.40% [7],[8],[9],[10],[29]
Affiliate investments | Common Equity/ Equivalents | Telecommunications    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[28] 0.00% [7],[8],[9],[10],[29]
Control investments    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.10% [1],[2],[4],[5],[30] 0.60% [7],[8],[9],[10],[31]
Investments owned, fair value $ 343 [30] $ 2,905 [31]
Control investments | Secured First Lien Debt    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.10% [1],[2],[4],[5],[30] 0.60% [7],[8],[9],[10],[31]
Investments owned, fair value $ 343 [30] $ 2,905 [31]
Control investments | Secured First Lien Debt | Diversified/Conglomerate Manufacturing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.10% [1],[2],[4],[5],[30] 0.60% [7],[8],[9],[10],[31]
Control investments | Preferred Equity    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[30] 0.00% [7],[8],[9],[10],[31]
Investments owned, fair value $ 0 [30] $ 0 [31]
Control investments | Preferred Equity | Diversified/Conglomerate Manufacturing    
Schedule of Investments [Line Items]    
Investment owned, percent of net assets 0.00% [1],[2],[4],[5],[30] 0.00% [7],[8],[9],[10],[31]
[1] Category percentages represent the fair value of each category and subcategory as a percentage of net assets as of March 31, 2025.
[2] Certain of the securities listed are issued by affiliate(s) of the indicated portfolio company. The majority of the securities listed, totaling $764.7 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.
[3] Cumulative gross unrealized appreciation for federal income tax purposes is $183.3 million; cumulative gross unrealized depreciation for federal income tax purposes is $144.9 million. Cumulative net unrealized appreciation is $38.5 million, based on a tax cost of $940.9 million.
[4] Unless indicated otherwise, all cash interest rates are indexed to 30-day Secured Overnight Financing Rate ("SOFR"), which was 4.3% as of March 31, 2025. 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.
[5] 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.
[6] 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.
[7] 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.
[8] Category percentages represent the fair value of each category and subcategory as a percentage of net assets as of March 31, 2024.
[9] 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.
[10] 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.
[11] One or more of our affiliated funds, Gladstone Capital Corporation and Gladstone Alternative Income Fund, co-invested with us in this portfolio company pursuant to an exemptive order granted by the U.S. Securities and Exchange Commission.
[12] Security is non-income producing.
[13] 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.
[14] 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.
[15] Security is non-income producing.
[16] 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.
[17] Debt security is on non-accrual status.
[18] Fair value was based on the expected exit or payoff amount, where such event has occurred or is expected to occur imminently.
[19] 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.
[20] Debt security is on non-accrual status.
[21] 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.
[22] Debt security is subject to an interest rate ceiling.
[23] Fair value was based on net asset value, provided by the underlying fund, as a practical expedient.
[24] 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.
[25] This portfolio company is headquartered in Ontario, Canada.
[26] 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.
[27] 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.
[28] 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.
[29] 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.
[30] 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.
[31] 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.