Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

v3.25.4
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended
Dec. 31, 2025
Sep. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Jun. 30, 2024
Investment Company, Net Assets [Roll Forward]            
NET ASSETS, Beginning balance $ 535,843 $ 485,304 $ 499,084 $ 458,375 $ 477,380 $ 492,711
OPERATIONS            
Net investment income (6,509) 4,279 9,088 1,161 7,291 12,414
Net realized (loss) gain on investments 3,481 (29,938) 0 0 42,303 2
Net realized loss on other (1,301)     0    
Net unrealized appreciation (depreciation) of investments 70,235 54,452 (1,047) 37,329 (34,112) (18,942)
Net unrealized appreciation of other (8) (84) (269) 0 0 0
Net increase (decrease) in net assets from operations 65,898 28,709 7,772 38,490 15,482 (6,526)
DISTRIBUTIONS            
Distributions to common stockholders from net investment income [1] (9,528) (9,289) (10,125) (5,870) (8,805) (8,805)
Distributions to common stockholders from net realized gains [1] 0 0 [2] (18,663) (2,947) (25,682) [2] 0
Net decrease in net assets from distributions [1] (9,528) (9,289) (28,788) (8,817) (34,487) (8,805)
CAPITAL ACTIVITY            
Issuance of common stock 3,239 31,562 7,331 2,029 0 0
Discounts, commissions, and offering costs for issuance of common stock (44) (443) (95) (24) 0 0
Net increase in net assets from capital activity 3,195 31,119 7,236 2,005 0 0
NET INCREASE (DECREASE) IN NET ASSETS 59,565 50,539 (13,780) 31,678 (19,005) (15,331)
NET ASSETS, Ending balance $ 595,408 $ 535,843 $ 485,304 $ 490,053 $ 458,375 $ 477,380
[1] Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Includes $0.70 per common share of distributions declared and unpaid as of September 30, 2024, as such distribution was a supplemental distribution declared on September 17, 2024 with a record date of October 4, 2024 and a pay date of October 15, 2024.