Quarterly report [Sections 13 or 15(d)]

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

v3.25.4
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
Dec. 31, 2024
Related Party Transactions [Abstract]        
Average total assets subject to base management fee $ 1,184,000 $ 974,400 $ 1,097,133 $ 929,133
Multiplied by prorated annual base management fee of 2.0% 0.50% 0.50% 1.50% 1.50%
Base management fee [1] $ 5,920 $ 4,872 $ 16,457 $ 13,937
Credits to fees from Adviser - other [1] (1,265) (2,851) (4,302) (4,147)
Net base management fee 4,655 2,021 12,155 9,790
Loan servicing fee [1] 3,102 2,405 8,706 6,821
Credits to base management fee – loan servicing fee [1] (3,102) (2,405) (8,706) (6,821)
Net loan servicing fee 0 0 0 0
Incentive fee – income-based 0 1,887 310 2,481
Incentive fee – capital gains-based 14,749 7,466 19,437 5,316
Incentive fee 14,749 9,353 19,747 7,797
Credits to fees from Adviser - other 0 0 0 0
Net total incentive fee [1] $ 14,749 $ 9,353 $ 19,747 $ 7,797
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.