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

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Investment Company, Net Assets [Roll Forward]      
NET ASSETS, BEGINNING OF YEAR $ 499,084 [1] $ 492,711 [1] $ 439,742
OPERATIONS      
Net investment (loss) income (3,752) 28,095 21,777
Net realized (loss) gain on investments (26,294) 63,184 30,256
Net realized loss on other (1,301) 0 0
Net unrealized appreciation (depreciation) of investments 216,146 (25,960) 33,301
Net unrealized appreciation of other (46) 0 (29)
Net increase in net assets from operations 184,753 65,319 85,305
DISTRIBUTIONS      
Distributions to common stockholders from net investment income ($0.99, $0.64, and $1.08 per share, respectively) [1] (38,499) (23,480) (37,509)
Distributions to common stockholders from cumulative realized gains ($0.51, $1.02, and $1.12 per share, respectively) [1] (18,663) (37,471) (38,552)
Net decrease in net assets from distributions [1] (57,162) (60,951) (76,061)
CAPITAL ACTIVITY      
Issuance of common stock 42,132 2,029 44,508
Discounts, commissions, and offering costs for issuance of common stock (582) (24) (783)
Net increase in net assets from capital activity 41,550 2,005 43,725
TOTAL INCREASE IN NET ASSETS 169,141 6,373 52,969
NET ASSETS, END OF YEAR [1] $ 668,225 $ 499,084 $ 492,711
[1] Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.