Quarterly report [Sections 13 or 15(d)]

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

v3.25.3
RELATED PARTY TRANSACTIONS - Schedule of Related Party Transactions (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Related Party Transactions [Abstract]        
Average total assets subject to base management fee $ 1,091,400 $ 889,400 $ 1,053,700 $ 906,500
Multiplied by prorated annual base management fee of 2.0% 0.50% 0.50% 1.00% 1.00%
Base management fee [1] $ 5,457 $ 4,447 $ 10,537 $ 9,065
Credits to fees from Adviser - other [1] (1,638) (669) (3,037) (1,296)
Net base management fee 3,819 3,778 7,500 7,769
Loan servicing fee [1] 2,932 2,194 5,604 4,416
Credits to base management fee – loan servicing fee [1] (2,932) (2,194) (5,604) (4,416)
Net loan servicing fee 0 0 0 0
Incentive fee – income-based 310 594 310 594
Incentive fee – capital gains-based 4,897 1,638 4,688 (2,150)
Incentive fee 5,207 2,232 4,998 (1,556)
Credits to fees from Adviser - other 0 0 0 0
Net total incentive fee [1] $ 5,207 $ 2,232 $ 4,998 $ (1,556)
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.