Quarterly report pursuant to Section 13 or 15(d)

INVESTMENTS - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details)

v3.22.2.2
INVESTMENTS - Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Aug. 31, 2012
New investments, repayments and settlements:                  
Cost $ 703,218   $ 703,218     $ 669,248 [1]      
Fair Value 737,935   737,935     714,396 [1]      
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Common Stock Warrants                  
New investments, repayments and settlements:                  
Cost [2],[3],[4]           0      
Fair Value [2],[3],[4]           921      
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Line of Credit                  
New investments, repayments and settlements:                  
Cost 2,800 [5],[6]   2,800 [5],[6]     2,800 [2],[3],[7]      
Fair Value 2,800 [5],[6]   2,800 [5],[6]     2,800 [2],[3],[7]      
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost [2],[3],[4]           4,722      
Fair Value [2],[3],[4]           14,746      
Investment, Identifier [Axis]: B+T Group Acquisition, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost [2],[3],[7]           14,000      
Fair Value [2],[3],[7]           14,000      
Investment, Identifier [Axis]: B+T Group Acquisition, Inc.(L) – Common Stock Warrants                  
New investments, repayments and settlements:                  
Cost [5],[6],[8],[9] 0   0            
Fair Value [5],[6],[8],[9] 58   58            
Investment, Identifier [Axis]: B+T Group Acquisition, Inc.(L) – Term Debt 2                  
New investments, repayments and settlements:                  
Cost [5],[6] 14,000   14,000            
Fair Value [5],[6] 14,000   14,000            
Investment, Identifier [Axis]: B+T Group Acquisition, Inc.– Preferred Stock                  
New investments, repayments and settlements:                  
Cost [5],[6],[9] 4,722   4,722            
Fair Value [5],[6],[9] 6,342   6,342            
Investment, Identifier [Axis]: Bassett Creek Services, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost [2],[4]           4,900      
Fair Value [2],[4]           17,150      
Investment, Identifier [Axis]: Bassett Creek Services, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost [2]           48,000      
Fair Value [2]           48,000      
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,653 [5],[9]   6,653 [5],[9]     6,653 [2],[4]      
Fair Value 27,980 [5],[9]   27,980 [5],[9]     21,485 [2],[4]      
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 1                  
New investments, repayments and settlements:                  
Cost 17,700 [5]   17,700 [5]     17,700 [2]      
Fair Value 17,700 [5]   17,700 [5]     17,700 [2]      
Investment, Identifier [Axis]: Brunswick Bowling Products, Inc. – Term Debt 2                  
New investments, repayments and settlements:                  
Cost 6,850 [5]   6,850 [5]     6,850 [2]      
Fair Value 6,850 [5]   6,850 [5]     6,850 [2]      
Investment, Identifier [Axis]: Counsel Press, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,995 [5],[9]   6,995 [5],[9]     6,995 [2],[4]      
Fair Value 27,246 [5],[9]   27,246 [5],[9]     25,374 [2],[4]      
Investment, Identifier [Axis]: Counsel Press, Inc. – Term Debt 1                  
New investments, repayments and settlements:                  
Cost 21,100 [5]   21,100 [5]     21,100 [2]      
Fair Value 21,100 [5]   21,100 [5]     21,100 [2]      
Investment, Identifier [Axis]: Counsel Press, Inc. – Term Debt 2                  
New investments, repayments and settlements:                  
Cost 6,400 [5]   6,400 [5]     6,400 [2]      
Fair Value 6,400 [5]   6,400 [5]     6,400 [2]      
Investment, Identifier [Axis]: Country Club Enterprises, LLC - Guaranty                  
New investments, repayments and settlements:                  
Cost [10]           0      
Fair Value [10]           0      
Investment, Identifier [Axis]: Country Club Enterprises, LLC – Guaranty                  
New investments, repayments and settlements:                  
Cost [11] 0   0            
Fair Value [11] 0   0            
Investment, Identifier [Axis]: Country Club Enterprises, LLC – Term Debt                  
New investments, repayments and settlements:                  
Cost 1,500 [12]   1,500 [12]     1,500 [13]      
Fair Value 1,499 [12]   1,499 [12]     1,498 [13]      
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc - Preferred Equity                  
New investments, repayments and settlements:                  
Cost [5],[9] 21,000   21,000            
Fair Value [5],[9] 21,000   21,000            
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc – Line of Credit                  
New investments, repayments and settlements:                  
Cost [5] 800   800            
Fair Value [5] 800   800            
Investment, Identifier [Axis]: Dema/Mai Holdings, Inc – Term Debt                  
New investments, repayments and settlements:                  
Cost [5] 38,250   38,250            
Fair Value [5] 38,250   38,250            
Investment, Identifier [Axis]: Diligent Delivery Systems – Common Stock Warrants                  
New investments, repayments and settlements:                  
Cost 500 [5],[9]   500 [5],[9]     500 [2],[4]      
Fair Value 1,827 [5],[9]   1,827 [5],[9]     1,533 [2],[4]      
Investment, Identifier [Axis]: Diligent Delivery Systems – Term Debt                  
New investments, repayments and settlements:                  
Cost 12,996 [12]   12,996 [12]     12,987 [13]      
Fair Value 13,000 [12]   13,000 [12]     13,000 [13]      
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 8,199 [5],[6],[9]   8,199 [5],[6],[9]     8,199 [2],[3],[4],[7]      
Fair Value 0 [5],[6],[9]   0 [5],[6],[9]     0 [2],[3],[4],[7]      
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost [3],[13]           9,210      
Fair Value [3],[13]           9,072      
Investment, Identifier [Axis]: Edge Adhesives Holdings, Inc.– Term Debt                  
New investments, repayments and settlements:                  
Cost [5],[6] 9,210   9,210            
Fair Value [5],[6] 3,825   3,825            
Investment, Identifier [Axis]: Educators Resource, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 8,560 [5],[9]   8,560 [5],[9]     8,560 [2],[4]      
Fair Value 18,937 [5],[9]   18,937 [5],[9]     19,252 [2],[4]      
Investment, Identifier [Axis]: Educators Resource, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 20,000 [5]   20,000 [5]     20,000 [2]      
Fair Value 20,000 [5]   20,000 [5]     20,000 [2]      
Investment, Identifier [Axis]: Funko Acquisition Holdings, LLC – Common Units                  
New investments, repayments and settlements:                  
Cost 21 [6],[9],[14]   21 [6],[9],[14]     30 [3],[4],[15],[16]      
Fair Value 58 [6],[9],[14]   58 [6],[9],[14]     74 [3],[4],[15],[16]      
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Common Stock                  
New investments, repayments and settlements:                  
Cost 11,513 [5],[9]   11,513 [5],[9]     11,513 [2],[4]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4]      
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 1                  
New investments, repayments and settlements:                  
Cost 6,500 [5]   6,500 [5]     6,500 [2]      
Fair Value 6,102 [5]   6,102 [5]     6,500 [2]      
Investment, Identifier [Axis]: Galaxy Technologies Holdings, Inc. – Term Debt 2                  
New investments, repayments and settlements:                  
Cost 18,796 [5]   18,796 [5]     18,796 [2]      
Fair Value 17,644 [5]   17,644 [5]     18,796 [2]      
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc.                  
New investments, repayments and settlements:                  
Cost                 $ 5,000
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Common Stock                  
New investments, repayments and settlements:                  
Cost 8 [5],[9]   8 [5],[9]     8 [2],[4]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4]      
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 9,583 [5],[9]   9,583 [5],[9]     9,583 [2],[4]      
Fair Value 0 [5],[9]   0 [5],[9]     3,263 [2],[4]      
Investment, Identifier [Axis]: Ginsey Home Solutions, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost [5] 12,200   12,200            
Fair Value 12,200 [5]   12,200 [5]     13,300 [3],[17]      
Investment, Identifier [Axis]: Gladstone SOG Investments, Inc. - Common Stock(                  
New investments, repayments and settlements:                  
Cost [5],[9] 620   620            
Fair Value [5],[9] 713   713            
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 0 [5],[9]   0 [5],[9]     10,080 [2],[4]      
Fair Value 21,454 [5],[9]   21,454 [5],[9]     17,807 [2],[4]      
Investment, Identifier [Axis]: Horizon Facilities Services, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 57,700 [5]   57,700 [5]     27,700 [2]      
Fair Value 57,700 [5]   57,700 [5]     27,700 [2]      
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,749 [5],[9]   6,749 [5],[9]     6,749 [2],[4],[7]      
Fair Value 14,051 [5],[9]   14,051 [5],[9]     16,405 [2],[4],[7]      
Investment, Identifier [Axis]: ImageWorks Display and Marketing Group, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 22,000 [5]   22,000 [5]     22,000 [2],[7]      
Fair Value 22,000 [5]   22,000 [5]     22,000 [2],[7]      
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Guaranty                  
New investments, repayments and settlements:                  
Cost [7],[10]           0      
Fair Value [7],[10]           0      
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 1                  
New investments, repayments and settlements:                  
Cost 16,500 [5],[18]   16,500 [5],[18]     16,500 [2],[7],[19]      
Fair Value 10,900 [5],[18]   10,900 [5],[18]     15,023 [2],[7],[19]      
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 2                  
New investments, repayments and settlements:                  
Cost [2],[7],[19]           26,000      
Fair Value [2],[7],[19]           23,672      
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC - Term Debt 3                  
New investments, repayments and settlements:                  
Cost [2],[7],[19]           2,438      
Fair Value [2],[7],[19]           2,219      
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Line of Credit                  
New investments, repayments and settlements:                  
Cost [5],[18] 1,000   1,000            
Fair Value [5],[18] 660   660            
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 2                  
New investments, repayments and settlements:                  
Cost [5],[18] 26,000   26,000            
Fair Value [5],[18] 17,176   17,176            
Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC – Term Debt 3                  
New investments, repayments and settlements:                  
Cost [5],[18] 2,438   2,438            
Fair Value [5],[18] 1,610   1,610            
Investment, Identifier [Axis]: J.R. Hobbs Co. – Atlanta, LLC – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 10,920 [5],[9]   10,920 [5],[9]     10,920 [2],[4],[7]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4],[7]      
Investment, Identifier [Axis]: Mason West, LLC – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 11,206 [5],[9]   11,206 [5],[9]     11,206 [2],[4]      
Fair Value 5,615 [5],[9]   5,615 [5],[9]     7,553 [2],[4]      
Investment, Identifier [Axis]: Mason West, LLC – Term Debt                  
New investments, repayments and settlements:                  
Cost 25,250 [5]   25,250 [5]     25,250 [2]      
Fair Value 25,250 [5]   25,250 [5]     25,250 [2]      
Investment, Identifier [Axis]: Nocturne Villa Rentals, Inc. – Line of Credit                  
New investments, repayments and settlements:                  
Cost 0 [5]   0 [5]     0 [2]      
Fair Value 0 [5]   0 [5]     0 [2]      
Investment, Identifier [Axis]: Nocturne Villa Rentals, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,600 [5],[9]   6,600 [5],[9]     6,600 [2],[4]      
Fair Value 19,040 [5],[9]   19,040 [5],[9]     10,223 [2],[4]      
Investment, Identifier [Axis]: Nocturne Villa Rentals, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 34,050 [5]   34,050 [5]     27,700 [2]      
Fair Value 34,050 [5]   34,050 [5]     27,700 [2]      
Investment, Identifier [Axis]: Nth Degree Investment Group, LLC – Common Stock                  
New investments, repayments and settlements:                  
Cost 1,219 [5],[9]   1,219 [5],[9]     1,219 [2],[4]      
Fair Value 8,191 [5],[9]   8,191 [5],[9]     511 [2],[4]      
Investment, Identifier [Axis]: Old World Christmas, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 0 [5],[9]   0 [5],[9]     0 [2],[4],[7]      
Fair Value 43,629 [5],[9]   43,629 [5],[9]     37,842 [2],[4],[7]      
Investment, Identifier [Axis]: Old World Christmas, Inc. – Secured First Lien Term Loan                  
New investments, repayments and settlements:                  
Cost 25,000 [5]   25,000 [5]     25,000 [2],[7]      
Fair Value 25,000 [5]   25,000 [5]     25,000 [2],[7]      
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost [2],[4],[7]           19,730      
Fair Value [2],[4],[7]           0      
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Preferred Stock(                  
New investments, repayments and settlements:                  
Cost [5],[9] 19,730   19,730            
Fair Value [5],[9] 0   0            
Investment, Identifier [Axis]: PSI Molded Plastics, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 26,618 [5]   26,618 [5]     26,618 [2]      
Fair Value 23,642 [5]   23,642 [5]     26,618 [2]      
Investment, Identifier [Axis]: Phoenix Door Systems, Inc – Line of Credit                  
New investments, repayments and settlements:                  
Cost [12] 2,550   2,550            
Fair Value [12] 2,410   2,410            
Investment, Identifier [Axis]: Phoenix Door Systems, Inc – Line of Credit,                  
New investments, repayments and settlements:                  
Cost [13]           2,000      
Fair Value [13]           1,920      
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Common Stock                  
New investments, repayments and settlements:                  
Cost 1,452 [5],[9]   1,452 [5],[9]     1,452 [2],[4]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4]      
Investment, Identifier [Axis]: Phoenix Door Systems, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 3,200 [12]   3,200 [12]     3,200 [13]      
Fair Value 3,024 [12]   3,024 [12]     3,072 [13]      
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Common Stock                  
New investments, repayments and settlements:                  
Cost 222 [5],[9]   222 [5],[9]     222 [2],[4],[16]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4],[16]      
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 4,643 [5],[9]   4,643 [5],[9]     4,643 [2],[4]      
Fair Value 2,543 [5],[9]   2,543 [5],[9]     0 [2],[4]      
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt 1                  
New investments, repayments and settlements:                  
Cost 3,128 [5]   3,128 [5]     3,128 [13],[19]      
Fair Value 3,128 [5]   3,128 [5]     2,909 [13],[19]      
Investment, Identifier [Axis]: SFEG Holdings, Inc. – Term Debt 2                  
New investments, repayments and settlements:                  
Cost 11,736 [5]   11,736 [5]     11,736 [13],[19]      
Fair Value 11,736 [5]   11,736 [5]     10,914 [13],[19]      
Investment, Identifier [Axis]: Schylling, Inc. – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 4,000 [5],[9]   4,000 [5],[9]     4,000 [2],[4]      
Fair Value 16,475 [5],[9]   16,475 [5],[9]     17,820 [2],[4]      
Investment, Identifier [Axis]: Schylling, Inc. – Term Debt                  
New investments, repayments and settlements:                  
Cost 27,981 [5]   27,981 [5]     27,981 [2]      
Fair Value 27,981 [5]   27,981 [5]     27,981 [2]      
Investment, Identifier [Axis]: The Maids International, LLC – Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,640 [5],[9]   6,640 [5],[9]     6,640 [2],[4],[7]      
Fair Value 0 [5],[9]   0 [5],[9]     2,679 [2],[4],[7]      
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt                  
New investments, repayments and settlements:                  
Cost [2],[7]           28,560      
Fair Value [2],[7]           28,560      
Investment, Identifier [Axis]: The Maids International, LLC – Term Debt                  
New investments, repayments and settlements:                  
Cost [5] 28,560   28,560            
Fair Value [5] 28,560   28,560            
Investment, Identifier [Axis]: The Mountain Corporation 1                  
New investments, repayments and settlements:                  
Cost [2],[7],[19]           3,400      
Fair Value [2],[7],[19]           3,400      
Investment, Identifier [Axis]: The Mountain Corporation 2                  
New investments, repayments and settlements:                  
Cost [2],[7],[19]           800      
Fair Value [2],[7],[19]           800      
Investment, Identifier [Axis]: The Mountain Corporation – Common Stock                  
New investments, repayments and settlements:                  
Cost 1 [5],[9]   1 [5],[9]     1 [2],[4]      
Fair Value 0 [5],[9]   0 [5],[9]     0 [2],[4]      
Investment, Identifier [Axis]: The Mountain Corporation – Delayed Draw Term Debt                  
New investments, repayments and settlements:                  
Cost 1,500 [5],[18]   1,500 [5],[18]     1,500 [2],[7],[19]      
Fair Value 0 [5],[18]   0 [5],[18]     118 [2],[7],[19]      
Investment, Identifier [Axis]: The Mountain Corporation – Line of Credit 1                  
New investments, repayments and settlements:                  
Cost [5],[18] 3,400   3,400            
Fair Value [5],[18] 2,411   2,411            
Investment, Identifier [Axis]: The Mountain Corporation – Line of Credit 2                  
New investments, repayments and settlements:                  
Cost [5],[18] 900   900            
Fair Value [5],[18] 0   0            
Investment, Identifier [Axis]: The Mountain Corporation – Preferred Stock                  
New investments, repayments and settlements:                  
Cost [2],[4]           6,899      
Fair Value [2],[4]           0      
Investment, Identifier [Axis]: The Mountain Corporation – Preferred Stock(                  
New investments, repayments and settlements:                  
Cost [5],[9] 6,899   6,899            
Fair Value [5],[9] 0   0            
Investment, Identifier [Axis]: The Mountain Corporation – Term Debt                  
New investments, repayments and settlements:                  
Cost [2],[7],[19]           11,700      
Fair Value [2],[7],[19]           923      
Investment, Identifier [Axis]: The Mountain Corporation – Term Debt                  
New investments, repayments and settlements:                  
Cost [5],[18] 11,700   11,700            
Fair Value [5],[18] 0   0            
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd. - Preferred Stock                  
New investments, repayments and settlements:                  
Cost 6,000 [5],[9]   6,000 [5],[9]     6,000 [2],[4],[7]      
Fair Value 5,118 [5],[9]   5,118 [5],[9]     6,000 [2],[4],[7]      
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd., 2                  
New investments, repayments and settlements:                  
Cost [2],[7]           18,250      
Fair Value [2],[7]           18,250      
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd., 1                  
New investments, repayments and settlements:                  
Cost [2],[7]           0      
Fair Value [2],[7]           0      
Investment, Identifier [Axis]: Utah Pacific Bridge & Steel, Ltd., 2                  
New investments, repayments and settlements:                  
Cost [5] 18,250   18,250            
Fair Value [5] 18,250   18,250            
Total                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Beginning balance 737,877 $ 736,425 737,877 $ 736,425 $ 689,425 714,322 $ 678,503 $ 633,734  
New investments, repayments and settlements:                  
Issuances / originations 74,250 30,405 102,055 47,559          
Settlements / repayments (5,096) 0 (53,096) (14,060)          
Sales (12,298) 0 (21,926) (7,626)          
Transfers 0 0 0 0          
Ending balance 737,877 736,425 737,877 736,425          
Total | Debt and Equity Securities, Realized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 2,218 0 6,946 1,786          
Total | Debt and Equity Securities, Unrealized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) (10,622) 27,517 1,826 75,601          
Reversal of previously recorded (appreciation) depreciation upon realization 0 0 (12,250) (569)          
Secured First Lien Debt                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Beginning balance 420,907 431,413 420,907 431,413 376,752 425,087 416,973 368,688  
New investments, repayments and settlements:                  
Issuances / originations 70,250 24,400 77,050 28,450          
Settlements / repayments 0 0 (48,000) (14,060)          
Sales 0 0 0 0          
Transfers (14,418) (7,342) (14,418) 45,043          
Ending balance 420,907 431,413 420,907 431,413          
Secured First Lien Debt | Debt and Equity Securities, Realized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 0 0 0 0          
Secured First Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) (11,677) (2,618) (18,812) 3,232          
Reversal of previously recorded (appreciation) depreciation upon realization 0 0 0 60          
Secured First Lien Debt | Investment, Identifier [Axis]: PSI Molded Plastics, Inc.                  
New investments, repayments and settlements:                  
Cost 26,600   26,600            
Fair Value 26,600   26,600            
Secured Second Lien Debt                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Beginning balance 76,751 68,489 76,751 68,489 67,936 67,958 57,044 102,897  
New investments, repayments and settlements:                  
Issuances / originations 4,000 5 4,005 6,509          
Settlements / repayments (5,096) 0 (5,096) 0          
Sales 0 0 0 0          
Transfers 14,418 7,342 14,418 (45,043)          
Ending balance 76,751 68,489 76,751 68,489          
Secured Second Lien Debt | Debt and Equity Securities, Realized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 0 0 0 0          
Secured Second Lien Debt | Debt and Equity Securities, Unrealized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) (4,507) 4,098 (4,534) 4,126          
Reversal of previously recorded (appreciation) depreciation upon realization 0 0 0 0          
Secured Second Lien Debt | Investment, Identifier [Axis]: D.P.M.S., Inc.                  
New investments, repayments and settlements:                  
Cost   12,300   12,300          
Fair Value   7,300   7,300          
Secured Second Lien Debt | Investment, Identifier [Axis]: Ginsey Home Solutions, Inc.                  
New investments, repayments and settlements:                  
Cost 12,200   12,200            
Fair Value 12,200   12,200            
Secured Second Lien Debt | Investment, Identifier [Axis]: J.R. Hobbs Co. - Atlanta, LLC                  
New investments, repayments and settlements:                  
Cost   52,500   52,500          
Fair Value   52,400   52,400          
Preferred Equity                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Beginning balance 229,430 228,931 229,430 228,931 238,665 217,599 202,465 159,478  
New investments, repayments and settlements:                  
Issuances / originations 0 6,000 21,000 12,600          
Settlements / repayments 0 0 0 0          
Sales (12,298) 0 (21,926) (7,626)          
Transfers 0 (16,034) 0 (16,034)          
Ending balance 229,430 228,931 229,430 228,931          
Preferred Equity | Debt and Equity Securities, Realized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 2,218 0 6,946 1,786          
Preferred Equity | Debt and Equity Securities, Unrealized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 845 36,500 18,061 79,356          
Reversal of previously recorded (appreciation) depreciation upon realization 0 0 (12,250) (629)          
Preferred Equity | Investment, Identifier [Axis]: Galaxy Technologies, Inc.                  
New investments, repayments and settlements:                  
Cost   11,500   11,500          
Fair Value   16,000   16,000          
Preferred Equity | Investment, Identifier [Axis]: Horizon Facilities Services, Inc.                  
New investments, repayments and settlements:                  
Cost 10,100   10,100            
Common Equity/ Equivalents                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Beginning balance 10,789 7,592 10,789 7,592 $ 6,072 $ 3,678 $ 2,021 $ 2,671  
New investments, repayments and settlements:                  
Issuances / originations 0 0 0 0          
Settlements / repayments 0 0 0 0          
Sales 0 0 0 0          
Transfers 0 16,034 0 16,034          
Ending balance 10,789 7,592 10,789 7,592          
Common Equity/ Equivalents | Debt and Equity Securities, Realized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 0 0 0 0          
Common Equity/ Equivalents | Debt and Equity Securities, Unrealized Gain (Loss)                  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]                  
Total gain (loss) 4,717 (10,463) 7,111 (11,113)          
Reversal of previously recorded (appreciation) depreciation upon realization $ 0 $ 0 $ 0 $ 0          
[1] Cumulative gross unrealized appreciation for federal income tax purposes is $140.8 million; cumulative gross unrealized depreciation for federal income tax purposes is $97.1 million. Cumulative net unrealized appreciation is $43.8 million, based on a tax cost of $670.6 million.
[2] 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.
[3] 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.
[4] Security is non-income producing.
[5] 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.
[6] 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.
[7] 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.
[8] 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.
[9] Security is non-income producing.
[10] Refer to Note 10—Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information regarding this guaranty.
[11] Refer to Note 10—Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information regarding this guaranty.
[12] Fair value was based on internal yield analysis or on estimates of value submitted by ICE Data Pricing and Reference Data, LLC. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[13] Fair value was based on internal yield analysis or on estimates of value submitted by ICE Data Pricing and Reference Data, LLC. Refer to Note 3—Investments in the accompanying Notes to Consolidated Financial Statements for additional information.
[14] 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.
[15] 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.
[16] 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.
[17] $5.1 million of the debt security was participated to a third-party, but is accounted for as collateral for a secured borrowing under accounting principles generally accepted in the U.S. and presented as Secured borrowing on our accompanying Consolidated Statements of Assets and Liabilities as of March 31, 2022.
[18] Debt security is on non-accrual status.
[19] Debt security is on non-accrual status.