Cover Page
Cover Page - shares | 6 Months Ended | |
Jun. 30, 2024 | Aug. 05, 2024 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Jun. 30, 2024 | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q2 | |
Entity Registrant Name | SLR INVESTMENT CORP. | |
Securities Act File Number | 814-00754 | |
Entity Tax Identification Number | 26-1381340 | |
Trading Symbol | SLRC | |
Entity Central Index Key | 0001418076 | |
Current Fiscal Year End Date | --12-31 | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Entity Current Reporting Status | Yes | |
Entity Filer Category | Large Accelerated Filer | |
Entity Interactive Data Current | Yes | |
City Area Code | 212 | |
Local Phone Number | 993-1670 | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Address, Address Line One | 500 Park Avenue | |
Entity Shell Company | false | |
Title of 12(b) Security | Common Stock, par value $0.01 per share | |
Security Exchange Name | NASDAQ | |
Entity Address, State or Province | NY | |
Entity Address, City or Town | New York | |
Entity Address, Postal Zip Code | 10022 | |
Entity Incorporation, State or Country Code | MD | |
Entity Common Stock, Shares Outstanding | 54,554,634 |
Consolidated Statements of Asse
Consolidated Statements of Assets And Liabilities - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 | |
Investments at fair value: | |||
Investments at fair value: | [1] | $ 220,803 | |
Cash | 11,031 | $ 11,864 | |
Cash equivalents (cost: $274,126 and $332,290, respectively) | 274,126 | 332,290 | |
Dividends receivable | 12,114 | 11,768 | |
Interest receivable | 11,759 | 11,034 | |
Receivable for investments sold | 1,755 | 1,538 | |
Prepaid expenses and other assets | 943 | 608 | |
Total assets | 2,448,278 | 2,523,868 | |
Liabilities | |||
Debt ($1,158,850 and $1,183,250 face amounts, respectively, reported net of unamortized debt issuance costs of $4,497 and $5,473, respectively. See note 7) | 1,154,353 | 1,177,777 | |
Payable for investments and cash equivalents purchased | 274,126 | 332,290 | |
Management fee payable (see note 3) | 7,874 | 8,027 | |
Performance-based incentive fee payable (see note 3) | 6,024 | 5,864 | |
Interest payable (see note 7) | 6,752 | 7,535 | |
Administrative services payable (see note 3) | 3,111 | 1,969 | |
Other liabilities and accrued expenses | 3,035 | 3,767 | |
Total liabilities | 1,455,275 | 1,537,229 | |
Commitments and contingencies (see note 9) | |||
Net Assets | |||
Common stock, par value $0.01 per share, 200,000,000 and 200,000,000 common shares authorized, respectively, and 54,554,634 and 54,554,634 shares issued and outstanding, respectively | 546 | 546 | |
Paid-in capital in excess of par | 1,117,930 | 1,117,930 | |
Accumulated distributable net loss | (125,473) | (131,837) | |
Total net assets | $ 993,003 | $ 986,639 | |
Net Asset Value Per Share | $ 18.2 | $ 18.09 | |
Companies less than 5% owned [Member] | |||
Investments at fair value: | |||
Investments at fair value: | $ 1,247,747 | $ 1,271,442 | |
Companies 5% to 25% owned [Member] | |||
Investments at fair value: | |||
Investments at fair value: | 45,242 | 44,250 | |
Companies more than 25% owned [Member] | |||
Investments at fair value: | |||
Investments at fair value: | $ 843,561 | $ 839,074 | |
[1] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. |
Consolidated Statements of As_2
Consolidated Statements of Assets And Liabilities (Parenthetical) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Cash equivalents at cost | $ 274,126 | $ 332,290 |
Debt instrument, face amount | 1,158,850 | 1,183,250 |
Debt issuance costs | $ 4,497 | $ 5,473 |
Common stock, par or stated value per share | $ 0.01 | $ 0.01 |
Common Stock, shares authorized | 200,000,000 | 200,000,000 |
Common stock, shares, issued | 54,554,634 | 54,554,634 |
Common stock, shares, outstanding | 54,554,634 | 54,554,634 |
Companies less than 5% owned [Member] | ||
Investment owned, at cost | $ 1,232,964 | $ 1,260,205 |
Companies 5% to 25% owned [Member] | ||
Investment owned, at cost | 61,055 | 60,064 |
Companies more than 25% owned [Member] | ||
Investment owned, at cost | $ 875,473 | $ 870,128 |
Consolidated Statements of Oper
Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
INVESTMENT INCOME: | ||||
Total investment income | $ 58,978 | $ 56,337 | $ 117,077 | $ 109,884 |
EXPENSES: | ||||
Management fees (see note 3) | 7,875 | 7,878 | 15,757 | 15,584 |
Performance-based incentive fees (see note 3) | 6,068 | 5,638 | 12,020 | 11,147 |
Interest and other credit facility expenses (see note 7) | 18,179 | 17,842 | 36,367 | 33,128 |
Administrative services expense (see note 3) | 1,376 | 1,480 | 2,752 | 2,988 |
Other general and administrative expenses | 1,206 | 948 | 2,101 | 2,449 |
Total expenses | 34,704 | 33,786 | 68,997 | 65,296 |
Performance-based incentive fees waived (see note 3) | (44) | (125) | (90) | (235) |
Net expenses | 34,660 | 33,661 | 68,907 | 65,061 |
Net investment income | 24,318 | 22,676 | 48,170 | 44,823 |
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND CASH EQUIVALENTS: | ||||
Net realized gain on investments and cash equivalents (companies less than 5% owned) | 105 | 498 | 240 | 1,185 |
Net change in unrealized gain (loss) on investments and cash equivalents: | ||||
Unrealized Gain (Loss) on Investments | (1,195) | (4,179) | 2,689 | (20,189) |
Net realized and unrealized gain (loss) on investments and cash equivalents | (1,090) | (3,681) | 2,929 | (19,004) |
Net increase in net assets resulting from operations | $ 23,228 | $ 18,995 | $ 51,099 | $ 25,819 |
EARNINGS PER SHARE (see note 5), Basic | $ 0.43 | $ 0.35 | $ 0.94 | $ 0.47 |
EARNINGS PER SHARE (see note 5), Diluted | $ 0.43 | $ 0.35 | $ 0.94 | $ 0.47 |
Companies less than 5% owned [Member] | ||||
INVESTMENT INCOME: | ||||
Interest | $ 40,015 | $ 41,267 | $ 81,019 | $ 78,605 |
Other income | 2,184 | 757 | 2,758 | 3,079 |
REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND CASH EQUIVALENTS: | ||||
Net realized gain on investments and cash equivalents (companies less than 5% owned) | 105 | 498 | 240 | 1,185 |
Net change in unrealized gain (loss) on investments and cash equivalents: | ||||
Unrealized Gain (Loss) on Investments | 63 | 5,181 | 3,547 | (9,090) |
Companies 5% to 25% owned [Member] | ||||
INVESTMENT INCOME: | ||||
Interest | 856 | 265 | 1,687 | 265 |
Net change in unrealized gain (loss) on investments and cash equivalents: | ||||
Unrealized Gain (Loss) on Investments | 0 | (3,216) | 1 | (3,216) |
Companies more than 25% owned [Member] | ||||
INVESTMENT INCOME: | ||||
Interest | 3,306 | 2,814 | 6,644 | 5,525 |
Dividends | 12,482 | 11,177 | 24,709 | 22,353 |
Other income | 135 | 57 | 260 | 57 |
Net change in unrealized gain (loss) on investments and cash equivalents: | ||||
Unrealized Gain (Loss) on Investments | $ (1,258) | $ (6,144) | $ (859) | $ (7,883) |
Consolidated Statements of Chan
Consolidated Statements of Changes in Net Assets - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Increase (decrease) in net assets resulting from operations: | ||||
Net investment income | $ 24,318 | $ 22,676 | $ 48,170 | $ 44,823 |
Net realized gain | 105 | 498 | 240 | 1,185 |
Net change in unrealized gain (loss) | (1,195) | (4,179) | 2,689 | (20,189) |
Net increase in net assets resulting from operations | 23,228 | 18,995 | 51,099 | 25,819 |
Distributions to stockholders: | ||||
From net investment income | (22,368) | (22,588) | (44,735) | (44,735) |
From return of capital | 0 | 220 | 0 | 0 |
Net distributions to stockholders | (22,368) | (22,368) | (44,735) | (44,735) |
Capital transactions (see note 10): | ||||
Repurchases of common stock | 0 | 0 | 0 | (10) |
Total increase (decrease) in net assets | 860 | (3,373) | 6,364 | (18,926) |
Net assets at beginning of period | 992,143 | 984,178 | 986,639 | 999,731 |
Net assets at end of period | $ 993,003 | $ 980,805 | $ 993,003 | $ 980,805 |
Capital stock activity (see note 10): | ||||
Repurchases of common stock | 0 | 0 | 0 | (746) |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2024 | Jun. 30, 2023 | |
Cash Flows from Operating Activities: | ||
Net increase in net assets resulting from operations | $ 51,099 | $ 25,819 |
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities: | ||
Net realized gain on investments and cash equivalents | (240) | (1,185) |
Net change in unrealized (gain) loss on investments | (2,689) | 20,189 |
Deferred financing costs/market discount amortization | 1,104 | 1,035 |
Net accretion of discount on investments | (4,795) | (5,850) |
(Increase) decrease in operating assets: | ||
Purchase of investments | (192,233) | (368,924) |
Proceeds from disposition of investments | 220,712 | 267,224 |
Capitalization of payment-in-kind income | (4,925) | (6,206) |
Collections of payment-in-kind income | 2,386 | 2 |
Receivable for investments sold | (217) | (345) |
Interest receivable | (725) | (1,365) |
Dividends receivable | (346) | 438 |
Prepaid expenses and other assets | (335) | (218) |
Increase (decrease) in operating liabilities: | ||
Payable for investments and cash equivalents purchased | (58,164) | (84,411) |
Management fee payable | (153) | (86) |
Performance-based incentive fee payable | 160 | 91 |
Administrative services expense payable | 1,142 | 678 |
Interest payable | (783) | (1,006) |
Other liabilities and accrued expenses | (732) | (359) |
Net Cash Provided by (Used in) Operating Activities | 10,266 | (154,479) |
Cash Flows from Financing Activities: | ||
Cash distributions paid | (44,735) | (52,216) |
Repayment of unsecured borrowings | 0 | (75,000) |
Proceeds from secured borrowings | 221,872 | 400,000 |
Repayments of secured borrowings | (246,400) | (199,000) |
Repurchase of common stock | 0 | (10) |
Net Cash Provided by (Used in) Financing Activities | (69,263) | 73,774 |
NET DECREASE IN CASH AND CASH EQUIVALENTS | (58,997) | (80,705) |
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 344,154 | 428,333 |
CASH AND CASH EQUIVALENTS AT END OF PERIOD | 285,157 | 347,628 |
Supplemental disclosure of cash flow information: | ||
Cash paid for interest | $ 36,046 | $ 34,134 |
Consolidated Schedule of Invest
Consolidated Schedule of Investments - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2024 | Dec. 31, 2023 | ||||
Schedule of Investments [Line Items] | |||||
Fair Value | [1] | $ 220,803 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Ardelyx, Inc. | Pharmaceuticals | S+795 | 1.00% | 13.32% | 2/23/2022 | 3/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2] | Pharmaceuticals | |||
Spread Above Index | [2],[3] | 795% | |||
Floor | [2] | 1% | |||
Interest Rate | [2],[4] | 13.32% | |||
Acquisition Date | [2] | Feb. 23, 2022 | |||
Maturity Date | [2] | Mar. 01, 2027 | |||
Par Amount | [2] | $ 17,228 | |||
Cost | [2] | 17,306 | |||
Fair Value | [2] | $ 17,766 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vertos Medical, Inc. | Health Care Equipment & Supplies | S+515 | 4.75% | 10.50% | 6/14/2023 | 7/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Equipment & Supplies | ||||
Spread Above Index | [3] | 515% | |||
Floor | 4.75% | ||||
Interest Rate | [4] | 10.50% | |||
Acquisition Date | Jun. 14, 2023 | ||||
Maturity Date | Jul. 01, 2028 | ||||
Par Amount | $ 6,651 | ||||
Cost | 6,604 | ||||
Fair Value | $ 6,651 | ||||
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. | Insurance | S+550 | 0.75% | 10.98 | % | 11/1/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 550% | |||
Interest Rate | [6] | 10.98% | |||
Cost | $ 6,898 | ||||
Fair Value | [1] | $ 6,923 | |||
Investment, Identifier [Axis]: Aegis Toxicology Sciences Corporation | Health Care Providers and Services | S+550 | 1.00% | 11.09% | 5/9/25 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 550% | |||
Interest Rate | [6],[7] | 11.09% | |||
Cost | [7] | $ 2,921 | |||
Fair Value | [1],[7] | $ 2,921 | |||
Investment, Identifier [Axis]: Aegis Toxicology Sciences Corporation | Health Care Providers and Services | S+550 | 1.00% | 11.13% | 5/9/25 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 550% | |||
Interest Rate | [9],[10] | 11.13% | |||
Cost | [9] | $ 2,947 | |||
Fair Value | [9],[11] | $ 2,947 | |||
Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | Insurance| S+600 | 1.00% | 11.44% | 10/28/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 600% | |||
Interest Rate | [6],[7] | 11.44% | |||
Cost | [7] | $ 5,872 | |||
Fair Value | [1],[7] | $ 6,026 | |||
Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | Insurance| S+650 | 1.00% | 11.96% | 10/28/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.96% | |||
Cost | [9] | $ 2,934 | |||
Fair Value | [9],[11] | $ 3,017 | |||
Investment, Identifier [Axis]: All States Ag Parts, LLC | Trading Companies and Distributors| S+600 | 1.00% | 11.60% | 9/1/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 600% | |||
Interest Rate | [6],[7] | 11.60% | |||
Cost | [7] | $ 2,122 | |||
Fair Value | [1],[7] | $ 2,122 | |||
Investment, Identifier [Axis]: All States Ag Parts, LLC | Trading Companies and Distributors| S+600 | 1.00% | 11.61% | 9/1/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 600% | |||
Interest Rate | [9],[10] | 11.61% | |||
Cost | [9] | $ 2,133 | |||
Fair Value | [9],[11] | $ 2,133 | |||
Investment, Identifier [Axis]: Apex Service Partners, LLC | Diversified Consumer Services | S+700 | 1.00% | 11.83% |10/24/30 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 700% | |||
Interest Rate | [6] | 11.83% | |||
Cost | $ 5,698 | ||||
Fair Value | [1] | $ 5,834 | |||
Investment, Identifier [Axis]: Apex Service Partners, LLC | Diversified Consumer Services | S+700 | 1.00% | 11.87% |10/24/30 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8] | 700% | |||
Interest Rate | [10] | 11.87% | |||
Cost | $ 4,784 | ||||
Fair Value | [11] | $ 4,783 | |||
Investment, Identifier [Axis]: Atria Wealth Solutions, Inc | Diversified Financial Services | S+650 | 1.00% | 11.97% | 5/31/24 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.97% | |||
Cost | [9] | $ 2,468 | |||
Fair Value | [9],[11] | $ 2,468 | |||
Investment, Identifier [Axis]: Atria Wealth Solutions, Inc | Diversified Financial Services | S+650 | 1.00% | 12.09% | 11/29/24 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 650% | |||
Interest Rate | [6],[7] | 12.09% | |||
Cost | [7] | $ 2,456 | |||
Fair Value | [1],[7] | $ 2,456 | |||
Investment, Identifier [Axis]: BayMark Health Services, Inc | Health Care Providers and Services | S+500 | 1.00% | 10.60% | 6/11/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 500% | |||
Interest Rate | [6],[7] | 10.60% | |||
Cost | [7] | $ 4,013 | |||
Fair Value | [1],[7] | $ 3,932 | |||
Investment, Identifier [Axis]: BayMark Health Services, Inc | Health Care Providers and Services | S+500 | 1.00% | 10.61% | 6/11/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 500% | |||
Interest Rate | [9],[10] | 10.61% | |||
Cost | [9] | $ 4,033 | |||
Fair Value | [9],[11] | $ 4,033 | |||
Investment, Identifier [Axis]: CC SAG Holdings Corp | Diversified Consumer Services | S+525 | 0.75% | 10.59% | 6/29/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 525% | |||
Interest Rate | [6],[7] | 10.59% | |||
Cost | [7] | $ 8,923 | |||
Fair Value | [1],[7] | $ 8,923 | |||
Investment, Identifier [Axis]: CC SAG Holdings Corp | Diversified Consumer Services | S+575 | 0.75% | 11.22% | 6/29/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 575% | |||
Interest Rate | [9],[10] | 11.22% | |||
Cost | [9] | $ 8,969 | |||
Fair Value | [9],[11] | $ 8,969 | |||
Investment, Identifier [Axis]: CVAUSA Management, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.74% | 5/22/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.74% | |||
Cost | [9] | $ 5,251 | |||
Fair Value | [9],[11] | 5,412 | |||
Investment, Identifier [Axis]: CVAUSA Management, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.75% | 5/22/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 650% | |||
Interest Rate | [6],[7] | 11.75% | |||
Cost | [7] | $ 5,235 | |||
Fair Value | [1],[7] | 5,384 | |||
Investment, Identifier [Axis]: Cash Equivalents | Liabilities in Excess of Other Assets | |||||
Schedule of Investments [Line Items] | |||||
Fair Value | (1,417,673) | ||||
Investment, Identifier [Axis]: Cash Equivalents | Liabilities in Excess of Other Assets | |||||
Schedule of Investments [Line Items] | |||||
Fair Value | (1,500,417) | ||||
Investment, Identifier [Axis]: Cash Equivalents | Net Assets | |||||
Schedule of Investments [Line Items] | |||||
Fair Value | 993,003 | 986,639 | |||
Investment, Identifier [Axis]: Cash Equivalents | Total Investments & Cash Equivalents | |||||
Schedule of Investments [Line Items] | |||||
Cost | 2,443,618 | ||||
Fair Value | $ 2,410,676 | ||||
Investment, Identifier [Axis]: Cash Equivalents | Total Investments & Cash Equivalents | |||||
Schedule of Investments [Line Items] | |||||
Cost | 2,522,687 | ||||
Fair Value | $ 2,487,056 | ||||
Investment, Identifier [Axis]: Cash Equivalents | U.S. Treasury Bill | Government | 12/29/2023 | 2/27/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Government | ||||
Acquisition Date | Dec. 29, 2023 | ||||
Maturity Date | Feb. 27, 2024 | ||||
Par Amount | $ 335,000 | ||||
Cost | 332,290 | ||||
Fair Value | $ 332,290 | ||||
Investment, Identifier [Axis]: Cash Equivalents | U.S. Treasury Bill | Government | 6/28/2024 | 7/23/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Government | ||||
Acquisition Date | Jun. 28, 2024 | ||||
Maturity Date | Jul. 23, 2024 | ||||
Par Amount | $ 275,000 | ||||
Cost | 274,126 | ||||
Fair Value | $ 274,126 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Assertio Holdings, Inc. | Pharmaceuticals | 7/31/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [12],[13] | Pharmaceuticals | |||
Acquisition Date | [12],[13] | Jul. 31, 2023 | |||
Cost | [12],[13] | $ 51 | |||
Fair Value | [12],[13] | $ 16 | |||
Shares/Units | [12],[13] | 12,510 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Assertio Holdings, Inc. | Pharmaceuticals | 7/31/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14],[15] | Pharmaceuticals | |||
Acquisition Date | [14],[15] | Jul. 31, 2023 | |||
Cost | [14],[15] | $ 51 | |||
Fair Value | [14],[15] | $ 13 | |||
Shares/Units | [14],[15] | 12,510 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Bayside Parent, LLC | Health Care Providers & Services | 5/31/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14],[16] | Health Care Providers & Services | |||
Acquisition Date | [14],[16] | May 31, 2023 | |||
Cost | [14],[16] | $ 11,411 | |||
Fair Value | [14],[16] | $ 3,815 | |||
Shares/Units | [14],[16] | 6,526 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Bayside Parent, LLC | Health Care Providers&Services | 5/31/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13],[17] | Health Care Providers & Services | |||
Acquisition Date | [13],[17] | May 31, 2023 | |||
Cost | [13],[17] | $ 11,411 | |||
Fair Value | [13],[17] | $ 3,816 | |||
Shares/Units | [13],[17] | 6,526 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | CardioFocus, Inc. Warrants | Health Care Equipment & Supplies | 3/31/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | Mar. 31, 2017 | |||
Cost | [14] | $ 51 | |||
Fair Value | [14] | $ 0 | |||
Shares/Units | [14] | 90 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | CardioFocus, Inc. Warrants | Health Care Equipment&Supplies | 3/31/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | Mar. 31, 2017 | |||
Cost | [13] | $ 51 | |||
Fair Value | [13] | $ 0 | |||
Shares/Units | [13] | 90 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Centrexion Therapeutics, Inc. Warrants | Pharmaceuticals | 6/28/2019 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Pharmaceuticals | [13] | Pharmaceuticals | [14] | |
Acquisition Date | Jun. 28, 2019 | [13] | Jun. 28, 2019 | [14] | |
Cost | $ 136 | [13] | $ 136 | [14] | |
Fair Value | $ 34 | [13] | $ 45 | [14] | |
Shares/Units | 289,102 | [13] | 289,102 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Conventus Orthopaedics, Inc. Warrants | Health Care Equipment & Supplies | 6/15/2016 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | Jun. 15, 2016 | |||
Cost | [14] | $ 65 | |||
Fair Value | [14] | $ 0 | |||
Shares/Units | [14] | 157,500 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Conventus Orthopaedics, Inc. Warrants | Health Care Equipment&Supplies | 6/15/2016 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | Jun. 15, 2016 | |||
Cost | [13] | $ 65 | |||
Fair Value | [13] | $ 0 | |||
Shares/Units | [13] | 157,500 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Delphinus Medical Technologies, Inc. Warrants | Health Care Equipment & Supplies | 8/18/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | Aug. 18, 2017 | |||
Cost | [14] | $ 74 | |||
Fair Value | [14] | $ 80 | |||
Shares/Units | [14] | 444,388 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Delphinus Medical Technologies, Inc. Warrants | Health Care Equipment&Supplies | 8/18/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | Aug. 18, 2017 | |||
Cost | [13] | $ 74 | |||
Fair Value | [13] | $ 75 | |||
Shares/Units | [13] | 444,388 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Essence Group Holdings Corporation (Lumeris) Warrants | Health Care Technology | 3/22/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Technology | [13] | Health Care Technology | [14] | |
Acquisition Date | Mar. 22, 2017 | [13] | Mar. 22, 2017 | [14] | |
Cost | $ 129 | [13] | $ 129 | [14] | |
Fair Value | $ 128 | [13] | $ 327 | [14] | |
Shares/Units | 260,000 | [13] | 260,000 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | KBH Topco LLC (Kingsbridge) | Multi-Sector Holdings | 11/3/2020 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [18],[19],[20] | Multi-Sector Holdings | |||
Acquisition Date | [18],[19],[20] | Nov. 03, 2020 | |||
Cost | [18],[19],[20] | $ 136,596 | |||
Fair Value | [18],[19],[20] | $ 142,000 | |||
Shares/Units | [18],[19],[20] | 73,500,000 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | KBH Topco LLC (Kingsbridge). | Multi-Sector Holdings | 11/3/2020 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [21],[22],[23] | Multi-Sector Holdings | |||
Acquisition Date | [21],[22],[23] | Nov. 03, 2020 | |||
Cost | [21],[22],[23] | $ 140,920 | |||
Fair Value | [21],[22],[23] | $ 147,072 | |||
Shares/Units | [21],[22],[23] | 76,125,000 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Meditrina, Inc. Warrants | Health Care Equipment & Supplies | 12/20/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | Dec. 20, 2022 | |||
Cost | [14] | $ 23 | |||
Fair Value | [14] | $ 19 | |||
Shares/Units | [14] | 29,366 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Meditrina, Inc. Warrants | Health Care Equipment&Supplies | 12/20/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | Dec. 20, 2022 | |||
Cost | [13] | $ 33 | |||
Fair Value | [13] | $ 28 | |||
Shares/Units | [13] | 44,049 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | NSPC Holdings, LLC (National Spine) | Health Care Providers & Services | 2/13/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Providers & Services | |||
Acquisition Date | [14] | Feb. 13, 2023 | |||
Cost | [14] | $ 657 | |||
Fair Value | [14] | $ 0 | |||
Shares/Units | [14] | 207,043 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | NSPC Holdings, LLC (National Spine) | Health Care Providers&Services | 2/13/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Providers & Services | |||
Acquisition Date | [13] | Feb. 13, 2023 | |||
Cost | [13] | $ 657 | |||
Fair Value | [13] | $ 0 | |||
Shares/Units | [13] | 207,043 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) Class B | Diversified Consumer Services | 12/23/2013 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14],[18] | Diversified Consumer Services | |||
Acquisition Date | [14],[18] | Dec. 23, 2013 | |||
Cost | [14],[18] | $ 5,216 | |||
Fair Value | [14],[18] | $ 0 | |||
Shares/Units | [14],[18] | 522 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) ClassB | Diversified Consumer Services | 12/23/2013 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13],[21] | Diversified Consumer Services | |||
Acquisition Date | [13],[21] | Dec. 23, 2013 | |||
Cost | [13],[21] | $ 5,216 | |||
Fair Value | [13],[21] | $ 0 | |||
Shares/Units | [13],[21] | 522 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) | Diversified Consumer Services | 12/23/2013 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | [13],[21] | Diversified Consumer Services | [14],[18] | |
Acquisition Date | Dec. 23, 2013 | [13],[21] | Dec. 23, 2013 | [14],[18] | |
Cost | $ 15,683 | [13],[21] | $ 15,683 | [14],[18] | |
Fair Value | $ 0 | [13],[21] | $ 0 | [14],[18] | |
Shares/Units | 231,177 | [13],[21] | 231,177 | [14],[18] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Business Credit | Diversified Financial Services | 4/1/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | [21],[24],[25] | Diversified Financial Services | [2],[18],[26] | |
Acquisition Date | Apr. 01, 2022 | [21],[24],[25] | Apr. 01, 2022 | [2],[18],[26] | |
Cost | $ 81,583 | [21],[24],[25] | $ 81,583 | [2],[18],[26] | |
Fair Value | $ 91,370 | [21],[24],[25] | $ 90,370 | [2],[18],[26] | |
Shares/Units | 100 | [21],[24],[25] | 100 | [2],[18],[26] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Credit Solutions | Diversified Financial Services | 12/28/2012 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | [21],[24],[27] | Diversified Financial Services | [2],[18],[28] | |
Acquisition Date | Dec. 28, 2012 | [21],[24],[27] | Dec. 28, 2012 | [2],[18],[28] | |
Cost | $ 280,737 | [21],[24],[27] | $ 280,737 | [2],[18],[28] | |
Fair Value | $ 286,250 | [21],[24],[27] | $ 284,000 | [2],[18],[28] | |
Shares/Units | 280,303 | [21],[24],[27] | 280,303 | [2],[18],[28] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Healthcare ABL | Diversified Financial Services | 4/1/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | [21],[24],[29] | Diversified Financial Services | [2],[18],[30] | |
Acquisition Date | Apr. 01, 2022 | [21],[24],[29] | Apr. 01, 2022 | [2],[18],[30] | |
Cost | $ 34,335 | [21],[24],[29] | $ 34,335 | [2],[18],[30] | |
Fair Value | $ 36,850 | [21],[24],[29] | $ 35,850 | [2],[18],[30] | |
Shares/Units | 32,839 | [21],[24],[29] | 32,839 | [2],[18],[30] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Senior Lending Program LLC | Asset Management | 12/1/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Asset Management | [21],[24],[31] | Asset Management | [2],[18],[32] | |
Acquisition Date | Dec. 01, 2022 | [21],[24],[31] | Dec. 01, 2022 | [2],[18],[32] | |
Cost | $ 47,875 | [21],[24],[31] | $ 42,875 | [2],[18],[32] | |
Fair Value | $ 49,272 | [21],[24],[31] | $ 43,899 | [2],[18],[32] | |
Shares/Units | 0 | [21],[24],[31] | 0 | [2],[18],[32] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR-AMI Topco Blocker, LLC | Internet & Catalog Retail | 6/16/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14],[16],[33] | Internet & Catalog Retail | |||
Acquisition Date | [14],[16],[33] | Jun. 16, 2023 | |||
Cost | [14],[16],[33] | $ 24,085 | |||
Fair Value | [14],[16],[33] | $ 15,867 | |||
Shares/Units | [14],[16],[33] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR-AMI Topco Blocker, LLC | Internet &Catalog Retail | 6/16/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13],[17],[34] | Internet & Catalog Retail | |||
Acquisition Date | [13],[17],[34] | Jun. 16, 2023 | |||
Cost | [13],[17],[34] | $ 24,085 | |||
Fair Value | [13],[17],[34] | $ 15,867 | |||
Shares/Units | [13],[17],[34] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Senseonics Holdings, Inc. | Health Care Equipment & Supplies | 7/25/2019 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2],[14],[15] | Health Care Equipment & Supplies | |||
Acquisition Date | [2],[14],[15] | Jul. 25, 2019 | |||
Cost | [2],[14],[15] | $ 235 | |||
Fair Value | [2],[14],[15] | $ 268 | |||
Shares/Units | [2],[14],[15] | 469,353 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Senseonics Holdings, Inc. | Health Care Equipment&Supplies | 7/25/2019 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13],[23],[24] | Health Care Equipment & Supplies | |||
Acquisition Date | [13],[23],[24] | Jul. 25, 2019 | |||
Cost | [13],[23],[24] | $ 235 | |||
Fair Value | [13],[23],[24] | $ 187 | |||
Shares/Units | [13],[23],[24] | 469,353 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Shoes for Crews Holdings, LLC | Diversified Financial Services | 06/30/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | ||||
Acquisition Date | Jun. 30, 2024 | ||||
Cost | $ 2,759 | ||||
Fair Value | $ 2,040 | ||||
Shares/Units | 1,884 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Common Equity/Equity Interests/Warrants | |||||
Schedule of Investments [Line Items] | |||||
Cost | $ 646,584 | $ 634,500 | |||
Fair Value | 633,126 | 616,607 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [35] | 2,190,397 | |||
Fair Value | [35] | $ 2,154,766 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Investments - 215.2% | |||||
Schedule of Investments [Line Items] | |||||
Cost | 2,169,492 | ||||
Fair Value | $ 2,136,550 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vapotherm, Inc. Warrants| Health Care Equipment & Supplies | 2/18/2022 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Equipment & Supplies | [13] | Health Care Equipment & Supplies | [14] | |
Acquisition Date | Feb. 18, 2022 | [13] | Feb. 18, 2022 | [14] | |
Cost | $ 329 | [13] | $ 319 | [14] | |
Fair Value | $ 71 | [13] | $ 3 | [14] | |
Shares/Units | 105,557 | [13] | 78,287 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Venus Concept Ltd. Warrants (f/k/a Restoration Robotics) | Health Care Equipment & Supplies | 5/10/2018 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | May 10, 2018 | |||
Cost | [14] | $ 152 | |||
Fair Value | [14] | $ 0 | |||
Shares/Units | [14] | 2,230 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Venus Concept Ltd. Warrants (f/k/a Restoration Robotics)| Health Care Equipment & Supplies | 5/10/2018 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | May 10, 2018 | |||
Cost | [13] | $ 152 | |||
Fair Value | [13] | $ 0 | |||
Shares/Units | [13] | 2,230 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vertos Medical, Inc. Warrants| Health Care Equipment & Supplies | 6/14/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [13] | Health Care Equipment & Supplies | |||
Acquisition Date | [13] | Jun. 14, 2023 | |||
Cost | [13] | $ 51 | |||
Fair Value | [13] | $ 50 | |||
Shares/Units | [13] | 161,761 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vertos Medical, Inc. Warrants| Health Care Equipment & Supplies | 6/14/2023 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [14] | Health Care Equipment & Supplies | |||
Acquisition Date | [14] | Jun. 14, 2023 | |||
Cost | [14] | $ 51 | |||
Fair Value | [14] | $ 51 | |||
Shares/Units | [14] | 161,761 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | aTyr Pharma, Inc. Warrants | Pharmaceuticals | 11/18/2016 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Pharmaceuticals | [13] | Pharmaceuticals | [14] | |
Acquisition Date | Nov. 18, 2016 | [13] | Nov. 18, 2016 | [14] | |
Cost | $ 17 | [13] | $ 36 | [14] | |
Fair Value | $ 0 | [13] | $ 0 | [14] | |
Shares/Units | 1,443 | [13] | 2,932 | [14] | |
Investment, Identifier [Axis]: Crewline Buyer Inc | IT Services | S+675 | 1.00% | 12.08% | 11/8/30 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 675% | |||
Interest Rate | [6] | 12.08% | |||
Cost | $ 4,960 | ||||
Fair Value | [1] | $ 5,084 | |||
Investment, Identifier [Axis]: ENS Holdings III Corp and ES Opco USA LLC | Trading Companies and Distributors | S+475 | 1.00% | 10.19% | 12/31/25 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 475% | |||
Interest Rate | [6],[7] | 10.19% | |||
Cost | [7] | $ 1,080 | |||
Fair Value | [1],[7] | $ 1,080 | |||
Investment, Identifier [Axis]: ENS Holdings III Corp and ES Opco USA LLC | Trading Companies and Distributors | S+475 | 10.20% | 11.13% | 12/31/25 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 475% | |||
Interest Rate | [9],[10] | 10.20% | |||
Cost | [9] | $ 1,086 | |||
Fair Value | [9],[11] | $ 1,086 | |||
Investment, Identifier [Axis]: Equipment Financing - | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 9/1/2024-9/1/2025 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Maturity Date | [36] | Sep. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | A&A Crane and Rigging, LLC | Commercial Services & Supplies | 7.78% | 3/27/2023 | 3/27/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 7.78% | [36],[38] | 7.78% | [4],[37] | |
Acquisition Date | Mar. 27, 2023 | [36] | Mar. 27, 2023 | [37] | |
Maturity Date | Mar. 27, 2028 | [36] | Mar. 27, 2028 | [37] | |
Par Amount | $ 62 | [36] | $ 69 | [37] | |
Cost | 62 | [36] | 69 | [37] | |
Fair Value | $ 62 | [36] | $ 69 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | AFG Dallas III, LLC | Diversified Consumer Services | 10.00-11.29% | 8/11/2022 | 8/11/2026-3/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | [36] | Diversified Consumer Services | [37] | |
Acquisition Date | Aug. 11, 2022 | [36] | Aug. 11, 2022 | [37] | |
Par Amount | $ 926 | [36] | $ 1,099 | [37] | |
Cost | 926 | [36] | 1,099 | [37] | |
Fair Value | $ 926 | [36] | $ 1,099 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | AFG Dallas III, LLC | Diversified Consumer Services | 10.00-11.29% | 8/11/2022 | 8/11/2026-3/1/2027 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 11.29% | [36],[38] | 11.29% | [4],[37] | |
Maturity Date | Mar. 01, 2027 | [36] | Mar. 01, 2027 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | AFG Dallas III, LLC | Diversified Consumer Services | 10.00-11.29% | 8/11/2022 | 8/11/2026-3/1/2027 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 10% | [36],[38] | 10% | [4],[37] | |
Maturity Date | Aug. 11, 2026 | [36] | Aug. 11, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies | 8.47-9.64% | 2/12/2021 | 3/1/2025-12/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Acquisition Date | [36] | Feb. 12, 2021 | |||
Par Amount | [36] | $ 850 | |||
Cost | [36] | 849 | |||
Fair Value | [36] | $ 849 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies | 8.47-9.64% | 2/12/2021 | 3/1/2025-12/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 9.64% | |||
Maturity Date | [36] | Dec. 01, 2026 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies | 8.47-9.64% | 2/12/2021 | 3/1/2025-12/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8.47% | |||
Maturity Date | [36] | Mar. 01, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies| 8.47-9.64% | 2/12/2021 | 3/1/2025-11/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Acquisition Date | [37] | Feb. 12, 2021 | |||
Par Amount | [37] | $ 1,345 | |||
Cost | [37] | 1,343 | |||
Fair Value | [37] | $ 1,343 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies| 8.47-9.64% | 2/12/2021 | 3/1/2025-11/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 9.64% | |||
Maturity Date | [37] | Nov. 01, 2026 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies| 8.47-9.64% | 2/12/2021 | 3/1/2025-11/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.47% | |||
Maturity Date | [37] | Mar. 01, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | Air Methods Corporation | Airlines | 7.08-7.13% | 11/3/2021 | 11/3/2026-11/23/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Airlines | [36] | Airlines | [37] | |
Acquisition Date | Nov. 03, 2021 | [36] | Nov. 03, 2021 | [37] | |
Par Amount | $ 2,841 | [36] | $ 3,103 | [37] | |
Cost | 2,871 | [36] | 3,142 | [37] | |
Fair Value | $ 2,841 | [36] | $ 3,103 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Air Methods Corporation | Airlines | 7.08-7.13% | 11/3/2021 | 11/3/2026-11/23/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.13% | [36],[38] | 7.13% | [4],[37] | |
Maturity Date | Nov. 23, 2026 | [36] | Nov. 23, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Air Methods Corporation | Airlines | 7.08-7.13% | 11/3/2021 | 11/3/2026-11/23/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.08% | [36],[38] | 7.08% | [4],[37] | |
Maturity Date | Nov. 03, 2026 | [36] | Nov. 03, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | AmeraMex International, Inc. | Commercial Services & Supplies | 10.00% | 3/29/2019 | 10/15/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 10% | |||
Acquisition Date | [37] | Mar. 29, 2019 | |||
Maturity Date | [37] | Oct. 15, 2024 | |||
Par Amount | [37] | $ 381 | |||
Cost | [37] | 381 | |||
Fair Value | [37] | $ 385 | |||
Investment, Identifier [Axis]: Equipment Financing | AmeraMex International, Inc. | Commercial Services & Supplies | 10.00% | 3/29/2019 | 4/15/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Interest Rate | [36],[38] | 10% | |||
Acquisition Date | [36] | Mar. 29, 2019 | |||
Maturity Date | [36] | Apr. 15, 2025 | |||
Par Amount | [36] | $ 155 | |||
Cost | [36] | 155 | |||
Fair Value | [36] | $ 157 | |||
Investment, Identifier [Axis]: Equipment Financing | Bazzini, LLC | Food & Staples Retailing | 10.46% | 12/23/2022 | 1/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Food & Staples Retailing | |||
Interest Rate | [4],[37] | 10.46% | |||
Acquisition Date | [37] | Dec. 23, 2022 | |||
Maturity Date | [37] | Jan. 01, 2028 | |||
Par Amount | [37] | $ 1,985 | |||
Cost | [37] | 2,043 | |||
Fair Value | [37] | $ 1,985 | |||
Investment, Identifier [Axis]: Equipment Financing | Boart Longyear Company | Metals & Mining | 8.31-10.44% | 5/28/2020 | 7/1/2024-10/7/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Metals & Mining | [36] | Metals & Mining | [37] | |
Acquisition Date | May 28, 2020 | [36] | May 28, 2020 | [37] | |
Par Amount | $ 1,569 | [36] | $ 2,447 | [37] | |
Cost | 1,569 | [36] | 2,447 | [37] | |
Fair Value | $ 1,569 | [36] | $ 2,447 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Boart Longyear Company | Metals & Mining | 8.31-10.44% | 5/28/2020 | 7/1/2024-10/7/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 10.44% | [36],[38] | 10.44% | [4],[37] | |
Maturity Date | Oct. 07, 2026 | [36] | Oct. 07, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Boart Longyear Company | Metals & Mining | 8.31-10.44% | 5/28/2020 | 7/1/2024-10/7/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.31% | [36],[38] | 8.31% | [4],[37] | |
Maturity Date | Jul. 01, 2024 | [36] | Jul. 01, 2024 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Bowman Energy Solutions, LLC | Commercial Services & Supplies | 7.42% | 7/1/2022 | 7/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 7.42% | [36],[38] | 7.42% | [4],[37] | |
Acquisition Date | Jul. 01, 2022 | [36] | Jul. 01, 2022 | [37] | |
Maturity Date | Jul. 01, 2026 | [36] | Jul. 01, 2026 | [37] | |
Par Amount | $ 94 | [36] | $ 114 | [37] | |
Cost | 94 | [36] | 114 | [37] | |
Fair Value | $ 94 | [36] | $ 114 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | C-Port/Stone LLC | Oil, Gas & Consumable Fuels | 8.54% | 10/7/2022 | 11/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Oil, Gas & Consumable Fuels | |||
Interest Rate | [4],[37] | 8.54% | |||
Acquisition Date | [37] | Oct. 07, 2022 | |||
Maturity Date | [37] | Nov. 01, 2027 | |||
Par Amount | [37] | $ 6,247 | |||
Cost | [37] | 6,098 | |||
Fair Value | [37] | $ 6,060 | |||
Investment, Identifier [Axis]: Equipment Financing | CKD Holdings, Inc | Road & Rail | 8.10-8.60% | 9/22/2022 | 6/22/2026-9/22/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Road & Rail | [36] | Road & Rail | [37] | |
Acquisition Date | Sep. 22, 2022 | [36] | Sep. 22, 2022 | [37] | |
Par Amount | $ 2,422 | [36] | $ 2,863 | [37] | |
Cost | 2,422 | [36] | 2,863 | [37] | |
Fair Value | $ 2,422 | [36] | $ 2,863 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | CKD Holdings, Inc | Road & Rail | 8.10-8.60% | 9/22/2022 | 6/22/2026-9/22/2027 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.60% | [36],[38] | 8.60% | [4],[37] | |
Maturity Date | Sep. 22, 2027 | [36] | Sep. 22, 2027 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | CKD Holdings, Inc | Road & Rail | 8.10-8.60% | 9/22/2022 | 6/22/2026-9/22/2027 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.10% | [36],[38] | 8.10% | [4],[37] | |
Maturity Date | Jun. 22, 2026 | [36] | Mar. 22, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Capital City Jet Center, Inc | Airlines | 10.00% | 4/4/2018 | 6/22/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Airlines | |||
Interest Rate | [4],[37] | 10% | |||
Acquisition Date | [37] | Apr. 04, 2018 | |||
Maturity Date | [37] | Jun. 22, 2026 | |||
Par Amount | [37] | $ 1,242 | |||
Cost | [37] | 1,242 | |||
Fair Value | [37] | $ 1,242 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Diversified Consumer Services | |||
Acquisition Date | [36] | Mar. 07, 2023 | |||
Par Amount | [36] | $ 3,182 | |||
Cost | [36] | 3,207 | |||
Fair Value | [36] | $ 3,182 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8.72% | |||
Maturity Date | [36] | May 18, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8.40% | |||
Maturity Date | [36] | Mar. 07, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting, LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37],[39] | Diversified Consumer Services | |||
Acquisition Date | [37],[39] | Mar. 07, 2023 | |||
Par Amount | [37],[39] | $ 3,523 | |||
Cost | [37],[39] | 3,554 | |||
Fair Value | [37],[39] | $ 3,523 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting, LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.72% | |||
Maturity Date | [37],[39] | May 18, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting, LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.40% | |||
Maturity Date | [37],[39] | Mar. 07, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Clubcorp Holdings, Inc | Hotels, Restaurants & Leisure | 9.36-13.01% | 5/27/2021 | 4/1/2025-5/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Hotels, Restaurants & Leisure | [36] | Hotels, Restaurants & Leisure | [37] | |
Acquisition Date | May 27, 2021 | [36] | May 27, 2021 | [37] | |
Par Amount | $ 5,358 | [36] | $ 6,461 | [37] | |
Cost | 5,358 | [36] | 6,461 | [37] | |
Fair Value | $ 5,358 | [36] | $ 6,461 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Clubcorp Holdings, Inc | Hotels, Restaurants & Leisure | 9.36-13.01% | 5/27/2021 | 4/1/2025-5/1/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 13.01% | [36],[38] | 13.01% | [4],[37] | |
Maturity Date | May 01, 2028 | [36] | May 01, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Clubcorp Holdings, Inc | Hotels, Restaurants & Leisure | 9.36-13.01% | 5/27/2021 | 4/1/2025-5/1/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 9.36% | [36],[38] | 9.36% | [4],[37] | |
Maturity Date | Apr. 01, 2025 | [36] | Apr. 01, 2025 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Complete Equipment Rentals, LLC | Commercial Services & Supplies | 6.75-7.15% | 3/23/2023 | 4/1/2028-6/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Acquisition Date | Mar. 23, 2023 | [36] | Mar. 23, 2023 | [37] | |
Par Amount | $ 1,655 | [36] | $ 1,837 | [37] | |
Cost | 1,633 | [36] | 1,810 | [37] | |
Fair Value | $ 1,627 | [36] | $ 1,806 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Complete Equipment Rentals, LLC | Commercial Services & Supplies | 6.75-7.15% | 3/23/2023 | 4/1/2028-6/1/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.15% | [36],[38] | 7.15% | [4],[37] | |
Maturity Date | Jun. 01, 2028 | [36] | Jun. 01, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Complete Equipment Rentals, LLC | Commercial Services & Supplies | 6.75-7.15% | 3/23/2023 | 4/1/2028-6/1/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 6.75% | [36],[38] | 6.75% | [4],[37] | |
Maturity Date | Apr. 01, 2028 | [36] | Apr. 01, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Dongwon Autopart Technology Inc | Auto Components | 7.96% | 2/2/2021 |1/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Auto Components | |||
Interest Rate | [4],[37] | 7.96% | |||
Acquisition Date | [37] | Feb. 02, 2021 | |||
Maturity Date | [37] | Jan. 01, 2026 | |||
Par Amount | [37] | $ 1,266 | |||
Cost | [37] | 1,277 | |||
Fair Value | [37] | $ 1,266 | |||
Investment, Identifier [Axis]: Equipment Financing | Dongwon Autopart Technology Inc | Auto Components | 7.96%| 2/2/2021|1/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Auto Components | |||
Interest Rate | [36],[38] | 7.96% | |||
Acquisition Date | [36] | Feb. 02, 2021 | |||
Maturity Date | [36] | Jan. 01, 2026 | |||
Par Amount | [36] | $ 968 | |||
Cost | [36] | 975 | |||
Fair Value | [36] | $ 968 | |||
Investment, Identifier [Axis]: Equipment Financing | Double S Industrial Contractors, Inc | Commercial Services & Supplies | 8.60% | 7/28/2023 | 8/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 8.60% | [36],[38] | 8.60% | [4],[37] | |
Acquisition Date | Jul. 28, 2023 | [36] | Jul. 28, 2023 | [37] | |
Maturity Date | Aug. 01, 2027 | [36] | Aug. 01, 2027 | [37] | |
Par Amount | $ 99 | [36] | $ 112 | [37] | |
Cost | 99 | [36] | 112 | [37] | |
Fair Value | $ 99 | [36] | $ 112 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08% | 10/31/2022 | 11/1/2027-6/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Acquisition Date | [37] | Oct. 31, 2022 | |||
Par Amount | [37] | $ 1,873 | |||
Cost | [37] | 1,875 | |||
Fair Value | [37] | $ 1,873 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08% | 10/31/2022 | 11/1/2027-6/1/2029 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 10.08% | |||
Maturity Date | [37] | Jun. 01, 2029 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08% | 10/31/2022 | 11/1/2027-6/1/2029 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8% | |||
Maturity Date | [37] | Nov. 01, 2027 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08%| 10/31/2022 | 11/1/2027-6/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Acquisition Date | [36] | Oct. 31, 2022 | |||
Par Amount | [36] | $ 1,688 | |||
Cost | [36] | 1,690 | |||
Fair Value | [36] | $ 1,688 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08%| 10/31/2022 | 11/1/2027-6/1/2029 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 10.08% | |||
Maturity Date | [36] | Jun. 01, 2029 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08%| 10/31/2022 | 11/1/2027-6/1/2029 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8% | |||
Maturity Date | [36] | Nov. 01, 2027 | |||
Investment, Identifier [Axis]: Equipment Financing | Energy Drilling Services, LLC | Diversified Consumer Services | 6.58-9.16% | 8/26/2022 | 11/9/2025-9/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Diversified Consumer Services | |||
Acquisition Date | [37] | Aug. 26, 2022 | |||
Par Amount | [37] | $ 1,076 | |||
Cost | [37] | 1,076 | |||
Fair Value | [37] | $ 1,076 | |||
Investment, Identifier [Axis]: Equipment Financing | Energy Drilling Services, LLC | Diversified Consumer Services | 6.58-9.16% | 8/26/2022 | 11/9/2025-9/1/2027 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 9.16% | |||
Maturity Date | [37] | Sep. 01, 2027 | |||
Investment, Identifier [Axis]: Equipment Financing | Energy Drilling Services, LLC | Diversified Consumer Services | 6.58-9.16% | 8/26/2022 | 11/9/2025-9/1/2027 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 6.58% | |||
Maturity Date | [37] | Nov. 09, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | Environmental Protection & Improvement Company, LLC | Road & Rail | 8.25% | 9/30/2020 | 10/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Road & Rail | [36] | Road & Rail | [37] | |
Interest Rate | 8.25% | [36],[38] | 8.25% | [4],[37] | |
Acquisition Date | Sep. 30, 2020 | [36] | Sep. 30, 2020 | [37] | |
Maturity Date | Oct. 01, 2027 | [36] | Oct. 01, 2027 | [37] | |
Par Amount | $ 4,189 | [36] | $ 4,564 | [37] | |
Cost | 4,206 | [36] | 4,585 | [37] | |
Fair Value | $ 4,189 | [36] | $ 4,564 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Equipment Operating Leases, LLC | Multi-Sector Holdings | 8.37% | 4/27/2018 | 4/27/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Multi-Sector Holdings | [21],[40] | Multi-Sector Holdings | [18],[39] | |
Interest Rate | 8.37% | [21],[38],[40] | 8.37% | [4],[18],[39] | |
Acquisition Date | Apr. 27, 2018 | [21],[40] | Apr. 27, 2018 | [18],[39] | |
Maturity Date | Apr. 27, 2025 | [21],[40] | Apr. 27, 2025 | [18],[39] | |
Par Amount | $ 3,138 | [21],[40] | $ 3,381 | [18],[39] | |
Cost | 3,138 | [21],[40] | 3,381 | [18],[39] | |
Fair Value | $ 3,059 | [21],[40] | $ 3,296 | [18],[39] | |
Investment, Identifier [Axis]: Equipment Financing | Extreme Steel Crane & Rigging, LLC | Commercial Services & Supplies | 9.52% | 3/3/2023 | 3/3/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 9.52% | [36],[38] | 9.52% | [4],[37] | |
Acquisition Date | Mar. 03, 2023 | [36] | Mar. 03, 2023 | [37] | |
Maturity Date | Mar. 03, 2027 | [36] | Mar. 03, 2027 | [37] | |
Par Amount | $ 733 | [36] | $ 847 | [37] | |
Cost | 738 | [36] | 854 | [37] | |
Fair Value | $ 733 | [36] | $ 847 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | First American Commercial Bancorp, Inc | Diversified Financial Services | 7.50-9.02% | 10/28/2021 | 10/1/2026-3/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | [36] | Diversified Financial Services | [37] | |
Acquisition Date | Oct. 28, 2021 | [36] | Oct. 28, 2021 | [37] | |
Par Amount | $ 1,930 | [36] | $ 2,279 | [37] | |
Cost | 1,931 | [36] | 2,281 | [37] | |
Fair Value | $ 1,930 | [36] | $ 2,279 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | First American Commercial Bancorp, Inc | Diversified Financial Services | 7.50-9.02% | 10/28/2021 | 10/1/2026-3/1/2027 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 9.02% | [36],[38] | 9.02% | [4],[37] | |
Maturity Date | Mar. 01, 2027 | [36] | Mar. 01, 2027 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | First American Commercial Bancorp, Inc | Diversified Financial Services | 7.50-9.02% | 10/28/2021 | 10/1/2026-3/1/2027 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.50% | [36],[38] | 7.50% | [4],[37] | |
Maturity Date | Oct. 01, 2026 | [36] | Oct. 01, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | First National Capital, LLC | Diversified Financial Services | 9.00% | 11/5/2021 | 8/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | [36] | Diversified Financial Services | [37] | |
Interest Rate | 9% | [36],[38] | 9% | [4],[37] | |
Acquisition Date | Nov. 05, 2021 | [36] | Nov. 05, 2021 | [37] | |
Maturity Date | Aug. 01, 2026 | [36] | Jul. 01, 2026 | [37] | |
Par Amount | $ 4,359 | [36] | $ 5,290 | [37] | |
Cost | 4,359 | [36] | 5,290 | [37] | |
Fair Value | $ 4,359 | [36] | $ 5,290 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | GMT Corporation | Machinery | 10.71% | 10/23/2018 | 1/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Machinery | [36] | Machinery | [37] | |
Interest Rate | 10.71% | [36],[38] | 10.71% | [4],[37] | |
Acquisition Date | Oct. 23, 2018 | [36] | Oct. 23, 2018 | [37] | |
Maturity Date | Jan. 01, 2026 | [36] | Jan. 01, 2026 | [37] | |
Par Amount | $ 3,203 | [36] | $ 3,813 | [37] | |
Cost | 3,204 | [36] | 3,816 | [37] | |
Fair Value | $ 3,203 | [36] | $ 3,813 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Georgia Jet, Inc | Airlines | 8.00% | 12/4/2017 | 1/4/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Airlines | |||
Interest Rate | [4],[37] | 8% | |||
Acquisition Date | [37] | Dec. 04, 2017 | |||
Maturity Date | [37] | Jan. 04, 2024 | |||
Par Amount | [37] | $ 25 | |||
Cost | [37] | 25 | |||
Fair Value | [37] | $ 25 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 5/1/2024-9/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Acquisition Date | [37] | Nov. 15, 2018 | |||
Par Amount | [37] | $ 153 | |||
Cost | [37] | 153 | |||
Fair Value | [37] | $ 149 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 5/1/2024-9/1/2025 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 9.94% | |||
Maturity Date | [37] | Sep. 01, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 5/1/2024-9/1/2025 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 9.69% | |||
Maturity Date | [37] | May 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 9/1/2024-9/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Acquisition Date | [36] | Nov. 15, 2018 | |||
Par Amount | [36] | $ 89 | |||
Cost | [36] | 89 | |||
Fair Value | [36] | $ 86 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 9/1/2024-9/1/2025 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 9.94% | |||
Maturity Date | [36] | Sep. 01, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 9/1/2024-9/1/2025 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 9.69% | |||
Investment, Identifier [Axis]: Equipment Financing | Hawkeye Contracting Company, LLC | Construction & Engineering | 10.50% | 10/8/2021 | 11/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Construction & Engineering | [36] | Construction & Engineering | [37] | |
Interest Rate | 10.50% | [36],[38] | 10.50% | [4],[37] | |
Acquisition Date | Oct. 08, 2021 | [36] | Oct. 08, 2021 | [37] | |
Maturity Date | Nov. 01, 2025 | [36] | Nov. 01, 2025 | [37] | |
Par Amount | $ 522 | [36] | $ 689 | [37] | |
Cost | 522 | [36] | 689 | [37] | |
Fair Value | $ 522 | [36] | $ 689 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | International Automotive Components Group, North America, Inc | Auto Components | 7.95% | 6/23/2021 | 6/23/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Auto Components | [36] | Auto Components | [37] | |
Interest Rate | 7.95% | [36],[38] | 7.95% | [4],[37] | |
Acquisition Date | Jun. 23, 2021 | [36] | Jun. 23, 2021 | [37] | |
Maturity Date | Jun. 23, 2025 | [36] | Jun. 23, 2025 | [37] | |
Par Amount | $ 2,574 | [36] | $ 3,787 | [37] | |
Cost | 2,580 | [36] | 3,801 | [37] | |
Fair Value | $ 2,574 | [36] | $ 3,711 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Kool Pak, LLC | Road & Rail | 8.58% | 2/5/2018 | 3/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Road & Rail | |||
Interest Rate | [4],[37] | 8.58% | |||
Acquisition Date | [37] | Feb. 05, 2018 | |||
Maturity Date | [37] | Mar. 01, 2024 | |||
Par Amount | [37] | $ 29 | |||
Cost | [37] | 29 | |||
Fair Value | [37] | $ 29 | |||
Investment, Identifier [Axis]: Equipment Financing | Loc Performance Products, LLC | Machinery | 10.50% | 12/29/2022 | 6/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Machinery | [36] | Machinery | [37] | |
Interest Rate | 10.50% | [36],[38] | 10.50% | [4],[37] | |
Acquisition Date | Dec. 29, 2022 | [36] | Dec. 29, 2022 | [37] | |
Maturity Date | Jun. 01, 2027 | [36] | Jun. 01, 2027 | [37] | |
Par Amount | $ 559 | [36] | $ 636 | [37] | |
Cost | 559 | [36] | 636 | [37] | |
Fair Value | $ 559 | [36] | $ 636 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2024-9/25/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [18],[39] | Multi-Sector Holdings | |||
Acquisition Date | [18],[39] | May 16, 2019 | |||
Par Amount | [18],[39] | $ 7,500 | |||
Cost | [18],[39] | 7,500 | |||
Fair Value | [18],[39] | $ 7,361 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2024-9/25/2024 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[18],[39] | 11.52% | |||
Maturity Date | [18],[39] | Sep. 25, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2024-9/25/2024 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[18],[39] | 8.73% | |||
Maturity Date | [18],[39] | May 16, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2026-9/25/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [21],[40] | Multi-Sector Holdings | |||
Acquisition Date | [21],[40] | May 16, 2019 | |||
Par Amount | [21],[40] | $ 7,500 | |||
Cost | [21],[40] | 7,500 | |||
Fair Value | [21],[40] | $ 7,361 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2026-9/25/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [21],[38],[40] | 11.52% | |||
Maturity Date | [21],[40] | Sep. 25, 2026 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2026-9/25/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [21],[38],[40] | 8.73% | |||
Maturity Date | [21],[40] | May 16, 2026 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Credit Consultants, LLC | Road & Rail | 8.28-12.09 % | 6/17/2021 | 12/1/2024-12/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Road & Rail | |||
Acquisition Date | [37] | Jun. 17, 2021 | |||
Par Amount | [37] | $ 10,911 | |||
Cost | [37] | 10,911 | |||
Fair Value | [37] | $ 10,911 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Credit Consultants, LLC | Road & Rail | 8.28-12.09 % | 6/17/2021 | 12/1/2024-12/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 12.09% | |||
Maturity Date | [37] | Dec. 01, 2026 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Credit Consultants, LLC | Road & Rail | 8.28-12.09 % | 6/17/2021 | 12/1/2024-12/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.28% | |||
Maturity Date | [37] | Dec. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.46-13.26% | 8/20/2021 | 7/20/2024-10/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Consumer Finance | |||
Acquisition Date | [37] | Aug. 20, 2021 | |||
Par Amount | [37] | $ 632 | |||
Cost | [37] | 636 | |||
Fair Value | [37] | $ 632 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.46-13.26% | 8/20/2021 | 7/20/2024-10/1/2024 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 13.26% | |||
Maturity Date | [37] | Nov. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.46-13.26% | 8/20/2021 | 7/20/2024-10/1/2024 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 12.46% | |||
Maturity Date | [37] | Aug. 20, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.84-13.26% | 8/20/2021| 9/1/2024-10/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Consumer Finance | |||
Acquisition Date | [36] | Aug. 20, 2021 | |||
Par Amount | [36] | $ 79 | |||
Cost | [36] | 79 | |||
Fair Value | [36] | $ 79 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.84-13.26% | 8/20/2021| 9/1/2024-10/1/2024 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 13.26% | |||
Maturity Date | [36] | Oct. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.84-13.26% | 8/20/2021| 9/1/2024-10/1/2024 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 12.84% | |||
Maturity Date | [36] | Sep. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Miranda Logistics Enterprise, Inc | Construction & Engineering | 7.69% | 4/14/2023 | 4/14/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Construction & Engineering | [36] | Construction & Engineering | [37] | |
Interest Rate | 7.69% | [36],[38] | 7.69% | [4],[37] | |
Acquisition Date | Apr. 14, 2023 | [36] | Apr. 14, 2023 | [37] | |
Maturity Date | Apr. 14, 2028 | [36] | Apr. 14, 2028 | [37] | |
Par Amount | $ 709 | [36] | $ 787 | [37] | |
Cost | 709 | [36] | 787 | [37] | |
Fair Value | $ 709 | [36] | $ 787 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Mountain Air Helicopters Inc | Commercial Services & Supplies | 10.00% | 7/31/2017 | 2/28/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 10% | |||
Acquisition Date | [37] | Jul. 31, 2017 | |||
Maturity Date | [37] | Feb. 28, 2025 | |||
Par Amount | [37] | $ 248 | |||
Cost | [37] | 247 | |||
Fair Value | [37] | $ 248 | |||
Investment, Identifier [Axis]: Equipment Financing | Mountain Air Helicopters, Inc | Commercial Services & Supplies | 10.00% | 7/31/2017 | 2/28/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Interest Rate | [36],[38] | 10% | |||
Acquisition Date | [36] | Jul. 31, 2017 | |||
Maturity Date | [36] | Feb. 28, 2025 | |||
Par Amount | [36] | $ 183 | |||
Cost | [36] | 182 | |||
Fair Value | [36] | $ 183 | |||
Investment, Identifier [Axis]: Equipment Financing | Nimble Crane LLC | Commercial Services & Supplies | 9.18% | 7/13/2023 | 7/13/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 9.18% | [36],[38] | 9.18% | [4],[37] | |
Acquisition Date | Jul. 13, 2023 | [36] | Jul. 13, 2023 | [37] | |
Maturity Date | Jul. 13, 2028 | [36] | Jul. 13, 2028 | [37] | |
Par Amount | $ 850 | [36] | $ 934 | [37] | |
Cost | 850 | [36] | 934 | [37] | |
Fair Value | $ 850 | [36] | $ 934 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | No Limit Construction Services, LLC | Commercial Services & Supplies | 7.73% | 5/5/2023 | 6/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 7.73% | [36],[38] | 7.73% | [4],[37] | |
Acquisition Date | May 05, 2023 | [36] | May 05, 2023 | [37] | |
Maturity Date | Jun. 01, 2028 | [36] | Jun. 01, 2028 | [37] | |
Par Amount | $ 107 | [36] | $ 118 | [37] | |
Cost | 107 | [36] | 118 | [37] | |
Fair Value | $ 107 | [36] | $ 118 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Ozzies, Inc | Commercial Services & Supplies | 10.72% | 12/23/2022 | 1/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 10.72% | |||
Acquisition Date | [37] | Dec. 23, 2022 | |||
Maturity Date | [37] | Jan. 01, 2027 | |||
Par Amount | [37] | $ 1,621 | |||
Cost | [37] | 1,668 | |||
Fair Value | [37] | $ 1,621 | |||
Investment, Identifier [Axis]: Equipment Financing | PCX Aerostructures LLC | Aerospace & Defense | 9.32% | 11/23/2022 | 12/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Aerospace & Defense | |||
Interest Rate | [4],[37] | 9.32% | |||
Acquisition Date | [37] | Nov. 23, 2022 | |||
Maturity Date | [37] | Dec. 01, 2028 | |||
Par Amount | [37] | $ 2,311 | |||
Cost | [37] | 2,311 | |||
Fair Value | [37] | $ 2,311 | |||
Investment, Identifier [Axis]: Equipment Financing | PCX Aerostructures LLC | Aerospace & Defense | 9.32% |11/23/2022 | 12/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Aerospace & Defense | |||
Interest Rate | [36],[38] | 9.32% | |||
Acquisition Date | [36] | Nov. 23, 2022 | |||
Maturity Date | [36] | Dec. 01, 2028 | |||
Par Amount | [36] | $ 2,125 | |||
Cost | [36] | 2,125 | |||
Fair Value | [36] | $ 2,125 | |||
Investment, Identifier [Axis]: Equipment Financing | RH Land Construction, LLC & Harbor Dredging LA, Inc | Construction & Engineering | 8.08% | 5/10/2023 | 5/10/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Construction & Engineering | [36] | Construction & Engineering | [37] | |
Interest Rate | 8.08% | [36],[38] | 8.08% | [4],[37] | |
Acquisition Date | May 10, 2023 | [36] | May 10, 2023 | [37] | |
Maturity Date | May 10, 2026 | [36] | May 10, 2026 | [37] | |
Par Amount | $ 92 | [36] | $ 114 | [37] | |
Cost | 92 | [36] | 114 | [37] | |
Fair Value | $ 92 | [36] | $ 114 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Rane Light Metal Castings Inc | Machinery | 10.00% | 6/1/2020 | 6/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Machinery | |||
Interest Rate | [4],[37] | 10% | |||
Acquisition Date | [37] | Jun. 01, 2020 | |||
Maturity Date | [37] | Jun. 01, 2024 | |||
Par Amount | [37] | $ 56 | |||
Cost | [37] | 56 | |||
Fair Value | [37] | $ 56 | |||
Investment, Identifier [Axis]: Equipment Financing | Rango, Inc | Commercial Services & Supplies | 9.33% | 9/24/2019 | 11/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Interest Rate | 9.33% | [36],[38] | 9.33% | [4],[37] | |
Acquisition Date | Sep. 24, 2019 | [36] | Sep. 24, 2019 | [37] | |
Maturity Date | Nov. 01, 2024 | [36] | Nov. 01, 2024 | [37] | |
Par Amount | $ 343 | [36] | $ 573 | [37] | |
Cost | 346 | [36] | 583 | [37] | |
Fair Value | $ 336 | [36] | $ 563 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Rayzors Edge LLC | Diversified Consumer Services | 7.69-8.27% | 5/19/2023 | 5/18/2030-6/30/2030 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | [36] | Diversified Consumer Services | [37] | |
Acquisition Date | May 19, 2023 | [36] | May 19, 2023 | [37] | |
Par Amount | $ 668 | [36] | $ 711 | [37] | |
Cost | 668 | [36] | 711 | [37] | |
Fair Value | $ 668 | [36] | $ 711 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Rayzors Edge LLC | Diversified Consumer Services | 7.69-8.27% | 5/19/2023 | 5/18/2030-6/30/2030 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.27% | [36],[38] | 8.27% | [4],[37] | |
Maturity Date | Jun. 30, 2030 | [36] | Jun. 30, 2030 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Rayzors Edge LLC | Diversified Consumer Services | 7.69-8.27% | 5/19/2023 | 5/18/2030-6/30/2030 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.69% | [36],[38] | 7.69% | [4],[37] | |
Maturity Date | May 18, 2030 | [36] | May 18, 2030 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Rotten Rock Hardscaping & Tree Service | Diversified Consumer Services | 8.21% | 12/6/2022 | 12/6/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | [36] | Diversified Consumer Services | [37] | |
Interest Rate | 8.21% | [36],[38] | 8.21% | [4],[37] | |
Acquisition Date | Dec. 06, 2022 | [36] | Dec. 06, 2022 | [37] | |
Maturity Date | Dec. 06, 2027 | [36] | Dec. 06, 2027 | [37] | |
Par Amount | $ 182 | [36] | $ 204 | [37] | |
Cost | 182 | [36] | 204 | [37] | |
Fair Value | $ 182 | [36] | $ 204 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Royal Express Inc | Road & Rail | 9.53% | 1/17/2019 | 2/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Road & Rail | |||
Interest Rate | [4],[37] | 9.53% | |||
Acquisition Date | [37] | Jan. 17, 2019 | |||
Maturity Date | [37] | Feb. 01, 2024 | |||
Par Amount | [37] | $ 148 | |||
Cost | [37] | 148 | |||
Fair Value | [37] | $ 148 | |||
Investment, Identifier [Axis]: Equipment Financing | Rutt Services, LLC | Commercial Services & Supplies | 8.95% | 8/11/2023 | 8/11/2030 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 8.95% | |||
Acquisition Date | [37] | Aug. 11, 2023 | |||
Maturity Date | [37] | Aug. 11, 2030 | |||
Par Amount | [37] | $ 1,176 | |||
Cost | [37] | 1,179 | |||
Fair Value | [37] | $ 1,176 | |||
Investment, Identifier [Axis]: Equipment Financing | SLR Equipment Finance Equity Interests | Multi-Sector Holdings | 7/31/2017 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Multi-Sector Holdings | [13],[21],[41],[42] | Multi-Sector Holdings | [14],[18],[43],[44] | |
Acquisition Date | Jul. 31, 2017 | [13],[21],[41],[42] | Jul. 31, 2017 | [14],[18],[43],[44] | |
Par Amount | $ 200 | [13],[21],[41],[42] | $ 200 | [14],[18],[43],[44] | |
Cost | 145,000 | [13],[21],[41],[42] | 145,000 | [14],[18],[43],[44] | |
Fair Value | $ 116,000 | [13],[21],[41],[42] | $ 120,820 | [14],[18],[43],[44] | |
Investment, Identifier [Axis]: Equipment Financing | SLR Equipment Finance | Multi-Sector Holdings | 8.50% | 1/24/2022 | 1/27/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [18] | Multi-Sector Holdings | |||
Interest Rate | [4],[18] | 8.50% | |||
Acquisition Date | [18] | Jan. 24, 2022 | |||
Maturity Date | [18] | Jan. 27, 2024 | |||
Par Amount | [18] | $ 3,850 | |||
Cost | [18] | 3,850 | |||
Fair Value | [18] | $ 3,850 | |||
Investment, Identifier [Axis]: Equipment Financing | ST Coaches, LLC | Road & Rail | 8.50% | 7/31/2017 | 1/25/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Road & Rail | [36] | Road & Rail | [37] | |
Interest Rate | 8.50% | [36],[38] | 8.50% | [4],[37] | |
Acquisition Date | Jul. 31, 2017 | [36] | Jul. 31, 2017 | [37] | |
Maturity Date | Jan. 25, 2025 | [36] | Jan. 25, 2025 | [37] | |
Par Amount | $ 552 | [36] | $ 583 | [37] | |
Cost | 552 | [36] | 583 | [37] | |
Fair Value | $ 552 | [36] | $ 583 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Signet Marine Corporation | Transportation Infrastructure | 8.50% | 10/31/2022 | 10/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Transportation Infrastructure | |||
Interest Rate | [36],[38] | 8.50% | |||
Acquisition Date | [36] | Oct. 31, 2022 | |||
Maturity Date | [36] | Nov. 01, 2029 | |||
Par Amount | [36] | $ 11,365 | |||
Cost | [36] | 11,398 | |||
Fair Value | [36] | $ 11,365 | |||
Investment, Identifier [Axis]: Equipment Financing | Signet Marine Corporation | Transportation Infrastructure | 8.50% | 10/31/2022 | 11/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Transportation Infrastructure | |||
Interest Rate | [4],[37] | 8.50% | |||
Acquisition Date | [37] | Oct. 31, 2022 | |||
Maturity Date | [37] | Oct. 01, 2029 | |||
Par Amount | [37] | $ 12,272 | |||
Cost | [37] | 12,310 | |||
Fair Value | [37] | $ 12,272 | |||
Investment, Identifier [Axis]: Equipment Financing | Smiley Lifting Solutions, LLC | Commercial Services & Supplies | 7.82-8.61% | 6/30/2022 | 9/15/2026-6/27/2030 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Acquisition Date | Jun. 30, 2022 | [36] | Jun. 30, 2022 | [37] | |
Par Amount | $ 5,577 | [36] | $ 5,945 | [37] | |
Cost | 5,577 | [36] | 5,945 | [37] | |
Fair Value | $ 5,577 | [36] | $ 5,945 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Smiley Lifting Solutions, LLC | Commercial Services & Supplies | 7.82-8.61% | 6/30/2022 | 9/15/2026-6/27/2030 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.61% | [36],[38] | 8.61% | [4],[37] | |
Maturity Date | Jun. 27, 2030 | [36] | Jun. 27, 2030 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Smiley Lifting Solutions, LLC | Commercial Services & Supplies | 7.82-8.61% | 6/30/2022 | 9/15/2026-6/27/2030 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.82% | [36],[38] | 7.82% | [4],[37] | |
Maturity Date | Sep. 15, 2026 | [36] | Sep. 15, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Star Coaches Inc | Road & Rail | 8.42% | 3/9/2018 | 4/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Road & Rail | [36] | Road & Rail | [37] | |
Interest Rate | 8.42% | [36],[38] | 8.42% | [4],[37] | |
Acquisition Date | Mar. 09, 2018 | [36] | Mar. 09, 2018 | [37] | |
Maturity Date | Apr. 01, 2025 | [36] | Apr. 01, 2025 | [37] | |
Par Amount | $ 2,030 | [36] | $ 2,327 | [37] | |
Cost | 2,030 | [36] | 2,327 | [37] | |
Fair Value | $ 1,928 | [36] | $ 2,211 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail | 10.22-10.63% | 7/31/2017 | 1/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Road & Rail | |||
Acquisition Date | [37] | Jul. 31, 2017 | |||
Maturity Date | [37] | Jan. 01, 2026 | |||
Par Amount | [37] | $ 2,279 | |||
Cost | [37] | 2,279 | |||
Fair Value | [37] | $ 2,279 | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail | 10.22-10.63% | 7/31/2017 | 1/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 10.63% | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail | 10.22-10.63% | 7/31/2017 | 1/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 10.22% | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail |10.22-10.69% | 7/31/2017 | 1/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Road & Rail | |||
Acquisition Date | [36] | Jul. 31, 2017 | |||
Maturity Date | [36] | Jan. 01, 2026 | |||
Par Amount | [36] | $ 1,773 | |||
Cost | [36] | 1,773 | |||
Fair Value | [36] | $ 1,773 | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail |10.22-10.69% | 7/31/2017 | 1/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 10.69% | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail |10.22-10.69% | 7/31/2017 | 1/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 10.22% | |||
Investment, Identifier [Axis]: Equipment Financing | The Smedley Company & Smedley Services, Inc | Commercial Services & Supplies | 4.07% | 7/31/2017 | 1/15/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 4.07% | |||
Acquisition Date | [37] | Jul. 31, 2017 | |||
Maturity Date | [37] | Jan. 15, 2028 | |||
Par Amount | [37] | $ 1,397 | |||
Cost | [37] | 1,397 | |||
Fair Value | [37] | 1,270 | |||
Investment, Identifier [Axis]: Equipment Financing | The Smedley Company & Smedley Services, Inc. | Commercial Services & Supplies | 4.07% | 7/31/2017 | 1/15/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Interest Rate | [36],[38] | 4.07% | |||
Acquisition Date | [36] | Jul. 31, 2017 | |||
Maturity Date | [36] | Jan. 15, 2028 | |||
Par Amount | [36] | $ 1,117 | |||
Cost | [36] | 1,117 | |||
Fair Value | [36] | 1,037 | |||
Investment, Identifier [Axis]: Equipment Financing | Total Equipment Financing | |||||
Schedule of Investments [Line Items] | |||||
Cost | 239,162 | 282,078 | |||
Fair Value | $ 209,457 | $ 256,819 | |||
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment Rentals, Inc | Commercial Services & Supplies | 7.94-8.75% | 10/8/2021 | 11/1/2024-12/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Acquisition Date | Oct. 08, 2021 | [36] | Oct. 08, 2021 | [37] | |
Par Amount | $ 248 | [36] | $ 361 | [37] | |
Cost | 248 | [36] | 361 | [37] | |
Fair Value | $ 248 | [36] | $ 361 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment Rentals, Inc | Commercial Services & Supplies | 7.94-8.75% | 10/8/2021 | 11/1/2024-12/1/2026 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.75% | [36],[38] | 8.75% | [4],[37] | |
Maturity Date | Dec. 01, 2026 | [36] | Dec. 01, 2026 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment Rentals, Inc | Commercial Services & Supplies | 7.94-8.75% | 10/8/2021 | 11/1/2024-12/1/2026 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 7.94% | [36],[38] | 7.94% | [4],[37] | |
Maturity Date | Nov. 01, 2024 | [36] | Nov. 01, 2024 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment, Inc | Commercial Services & Supplies | 8.78-8.93% | 5/4/2023 | 5/4/2028-5/19/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Acquisition Date | May 04, 2023 | [36] | May 04, 2023 | [37] | |
Par Amount | $ 1,218 | [36] | $ 1,345 | [37] | |
Cost | 1,218 | [36] | 1,345 | [37] | |
Fair Value | $ 1,218 | [36] | $ 1,345 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment, Inc | Commercial Services & Supplies | 8.78-8.93% | 5/4/2023 | 5/4/2028-5/19/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.93% | [36],[38] | 8.93% | [4],[37] | |
Maturity Date | May 19, 2028 | [36] | May 19, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment, Inc | Commercial Services & Supplies | 8.78-8.93% | 5/4/2023 | 5/4/2028-5/19/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.78% | [36],[38] | 8.78% | [4],[37] | |
Maturity Date | May 04, 2028 | [36] | May 04, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | U.S. Crane & Rigging, LLC | Commercial Services & Supplies | 8.73%-10.92% | 12/23/2022 | 3/1/2027-9/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | [36] | Commercial Services & Supplies | [37] | |
Acquisition Date | Dec. 23, 2022 | [36] | Dec. 23, 2022 | [37] | |
Par Amount | $ 2,277 | [36] | $ 2,574 | [37] | |
Cost | 2,277 | [36] | 2,574 | [37] | |
Fair Value | $ 2,277 | [36] | $ 2,574 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | U.S. Crane & Rigging, LLC | Commercial Services & Supplies | 8.73%-10.92% | 12/23/2022 | 3/1/2027-9/1/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 10.92% | [36],[38] | 10.92% | [4],[37] | |
Maturity Date | Sep. 01, 2028 | [36] | Sep. 01, 2028 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | U.S. Crane & Rigging, LLC | Commercial Services & Supplies | 8.73%-10.92% | 12/23/2022 | 3/1/2027-9/1/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | 8.73% | [36],[38] | 8.73% | [4],[37] | |
Maturity Date | Mar. 01, 2027 | [36] | Mar. 01, 2027 | [37] | |
Investment, Identifier [Axis]: Equipment Financing | Up Trucking Services, LLC | Road & Rail | 11.21% | 3/23/2018 | 8/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Road & Rail | |||
Interest Rate | [4],[37] | 11.21% | |||
Acquisition Date | [37] | Mar. 23, 2018 | |||
Maturity Date | [37] | Aug. 01, 2024 | |||
Par Amount | [37] | $ 208 | |||
Cost | [37] | 209 | |||
Fair Value | [37] | $ 208 | |||
Investment, Identifier [Axis]: Equipment Financing | Up Trucking Services, LLC | Road & Rail | 11.30% | 3/23/2018 | 8/1/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Road & Rail | |||
Interest Rate | [36],[38] | 11.30% | |||
Acquisition Date | [36] | Mar. 23, 2018 | |||
Maturity Date | [36] | Aug. 01, 2024 | |||
Par Amount | [36] | $ 162 | |||
Cost | [36] | 162 | |||
Fair Value | [36] | $ 159 | |||
Investment, Identifier [Axis]: Equipment Financing | Waste Pro of Florida, Inc. & Waste Pro USA, Inc. | Commercial Services & Supplies | 9.17% | 4/18/2023 | 4/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Interest Rate | [4],[37] | 9.17% | |||
Acquisition Date | [37] | Apr. 18, 2023 | |||
Maturity Date | [37] | Apr. 18, 2028 | |||
Par Amount | [37] | $ 8,915 | |||
Cost | [37] | 9,057 | |||
Fair Value | [37] | $ 8,915 | |||
Investment, Identifier [Axis]: Equipment Financing | Waste Pro of Florida, Inc. & Waste Pro USA, Inc. | Commercial Services & Supplies| 9.17% | 4/18/2023 | 4/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Commercial Services & Supplies | |||
Interest Rate | [36],[38] | 9.17% | |||
Acquisition Date | [36] | Apr. 18, 2023 | |||
Maturity Date | [36] | Apr. 18, 2028 | |||
Par Amount | [36] | $ 8,057 | |||
Cost | [36] | 8,173 | |||
Fair Value | [36] | $ 8,057 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services | 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Diversified Consumer Services | |||
Acquisition Date | [37] | Jul. 31, 2019 | |||
Par Amount | [37] | $ 311 | |||
Cost | [37] | 311 | |||
Fair Value | [37] | $ 311 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services | 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 10% | |||
Maturity Date | [37] | Oct. 05, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services | 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.43% | |||
Maturity Date | [37] | Aug. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services| 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Diversified Consumer Services | |||
Acquisition Date | [36] | Jul. 31, 2019 | |||
Par Amount | [36] | $ 154 | |||
Cost | [36] | 154 | |||
Fair Value | [36] | $ 154 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services| 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 10% | |||
Maturity Date | [36] | Oct. 05, 2025 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services| 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8.43% | |||
Maturity Date | [36] | Aug. 01, 2024 | |||
Investment, Identifier [Axis]: Equipment Financing | Womble Company, Inc. | Energy Equipment & Services | 9.11% | 12/27/2019 | 1/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Energy Equipment & Services | |||
Interest Rate | [4],[37] | 9.11% | |||
Acquisition Date | [37] | Dec. 27, 2019 | |||
Maturity Date | [37] | Jan. 01, 2025 | |||
Par Amount | [37] | $ 210 | |||
Cost | [37] | 210 | |||
Fair Value | [37] | $ 206 | |||
Investment, Identifier [Axis]: Equipment Financing | Womble Company, Inc. | Energy Equipment & Services| 9.11% | 12/27/2019 | 1/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Energy Equipment & Services | |||
Interest Rate | [36],[38] | 9.11% | |||
Acquisition Date | [36] | Dec. 27, 2019 | |||
Maturity Date | [36] | Jan. 01, 2025 | |||
Par Amount | [36] | $ 116 | |||
Cost | [36] | 116 | |||
Fair Value | [36] | $ 113 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure | 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Transportation Infrastructure | |||
Acquisition Date | [37] | Sep. 23, 2022 | |||
Par Amount | [37] | $ 3,053 | |||
Cost | [37] | 3,097 | |||
Fair Value | [37] | $ 3,053 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure | 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 9.93% | |||
Maturity Date | [37] | Aug. 16, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure | 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [4],[37] | 8.32% | |||
Maturity Date | [37] | Sep. 23, 2027 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure| 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Transportation Infrastructure | |||
Acquisition Date | [36] | Sep. 23, 2022 | |||
Par Amount | [36] | $ 2,766 | |||
Cost | [36] | 2,803 | |||
Fair Value | [36] | $ 2,766 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure| 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | Maximum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 9.93% | |||
Maturity Date | [36] | Aug. 16, 2028 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure| 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | Minimum [Member] | |||||
Schedule of Investments [Line Items] | |||||
Interest Rate | [36],[38] | 8.32% | |||
Maturity Date | [36] | Sep. 23, 2027 | |||
Investment, Identifier [Axis]: Equipment Financing | Zamborelli Enterprises Pacific Southern Foundation | Diversified Consumer Services | 8.91% | 12/7/2022 | 1/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Diversified Consumer Services | |||
Interest Rate | [4],[37] | 8.91% | |||
Acquisition Date | [37] | Dec. 07, 2022 | |||
Maturity Date | [37] | Jan. 01, 2027 | |||
Par Amount | [37] | $ 566 | |||
Cost | [37] | 570 | |||
Fair Value | [37] | $ 566 | |||
Investment, Identifier [Axis]: Equipment Financing | Zamborelli Enterprises Pacific Southern Foundation | Diversified Consumer Services| 8.91% | 12/7/2022 | 1/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [36] | Diversified Consumer Services | |||
Interest Rate | [36],[38] | 8.91% | |||
Acquisition Date | [36] | Dec. 07, 2022 | |||
Maturity Date | [36] | Jan. 01, 2027 | |||
Par Amount | [36] | $ 485 | |||
Cost | [36] | 488 | |||
Fair Value | [36] | $ 485 | |||
Investment, Identifier [Axis]: Erie Construction Mid-west, LLC | Building Products | S+475 | 1.00% | 10.15% | 7/30/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 475% | |||
Interest Rate | [6] | 10.15% | |||
Cost | $ 8,229 | ||||
Fair Value | [1] | $ 8,229 | |||
Investment, Identifier [Axis]: Erie Construction Mid-west, LLC | Building Products | S+475 | 1.00% | 10.20% | 7/30/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8] | 475% | |||
Interest Rate | [10] | 10.20% | |||
Cost | $ 8,457 | ||||
Fair Value | [11] | $ 8,457 | |||
Investment, Identifier [Axis]: Exactcare Parent, Inc.| Health Care Providers & Services | S+650 | 1.00% | 11.84% | 11/5/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 650% | |||
Interest Rate | [6] | 11.84% | |||
Cost | $ 3,135 | ||||
Fair Value | [1] | $ 3,220 | |||
Investment, Identifier [Axis]: Fertility (ITC) Investment Holdco, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.78% | 1/3/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 650% | |||
Interest Rate | [6],[7] | 11.78% | |||
Cost | [7] | $ 5,774 | |||
Fair Value | [1],[7] | $ 5,925 | |||
Investment, Identifier [Axis]: Fertility (ITC) Investment Holdco, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.97% | 1/3/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.97% | |||
Cost | [9] | $ 5,791 | |||
Fair Value | [9],[11] | $ 5,955 | |||
Investment, Identifier [Axis]: Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.73% | 2/12/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.73% | |||
Cost | [7] | $ 8,551 | |||
Fair Value | [1],[7] | $ 8,551 | |||
Investment, Identifier [Axis]: Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.79% | 2/12/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 625% | |||
Interest Rate | [9],[10] | 11.79% | |||
Cost | [9] | $ 8,641 | |||
Fair Value | [9],[11] | $ 8,641 | |||
Investment, Identifier [Axis]: GSM Acquisition Corp | Leisure Equipment and Products | S+500 | 1.00% | 10.46% | 11/16/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 500% | |||
Interest Rate | [6],[7] | 10.46% | |||
Cost | [7] | $ 8,497 | |||
Fair Value | [1],[7] | $ 8,497 | |||
Investment, Identifier [Axis]: GSM Acquisition Corp | Leisure Equipment and Products | S+500 | 1.00% | 10.47% | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 500% | |||
Interest Rate | [9],[10] | 10.47% | |||
Cost | [9] | $ 8,541 | |||
Fair Value | [9],[11] | $ 8,541 | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc | Insurance | S+550 | 1.00% | 10.94% | 11/25/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 550% | |||
Interest Rate | [6],[7] | 10.94% | |||
Cost | [7] | $ 7,535 | |||
Fair Value | [1],[7] | $ 7,535 | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc | Insurance | S+550 | 1.00% | 10.96% | 11/25/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 550% | |||
Interest Rate | [9],[10] | 10.96% | |||
Cost | [9] | $ 7,573 | |||
Fair Value | [9],[11] | $ 7,573 | |||
Investment, Identifier [Axis]: High Street Buyer, Inc | Insurance | S+525 | 0.75% | 10.59% | 4/16/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 525% | |||
Interest Rate | [6] | 10.59% | |||
Cost | $ 7,565 | ||||
Fair Value | [1] | $ 7,565 | |||
Investment, Identifier [Axis]: High Street Buyer, Inc | Insurance | S+575 | 0.75% | 11.25% | 4/16/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8] | 575% | |||
Interest Rate | [10] | 11.25% | |||
Cost | $ 7,604 | ||||
Fair Value | [11] | $ 7,604 | |||
Investment, Identifier [Axis]: Kaseya, Inc | Software | S+550 | 0.75% | 10.83% | 6/23/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 550% | |||
Interest Rate | [6],[7] | 10.83% | |||
Cost | [7] | $ 9,172 | |||
Fair Value | [1],[7] | $ 9,172 | |||
Investment, Identifier [Axis]: Kaseya, Inc | Software | S+600 | 0.75% | 11.38% | 6/23/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 600% | |||
Interest Rate | [9],[10] | 11.38% | |||
Cost | [9] | $ 9,058 | |||
Fair Value | [9],[11] | $ 9,058 | |||
Investment, Identifier [Axis]: Kid Distro Holdings, LLC | Software | S+550 | 1.00% | 10.94% | 10/1/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 550% | |||
Interest Rate | [6],[7] | 10.94% | |||
Cost | [7] | $ 8,893 | |||
Fair Value | [1],[7] | $ 8,893 | |||
Investment, Identifier [Axis]: Kid Distro Holdings, LLC | Software | S+550 | 1.00% | 11.00% | 10/1/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 550% | |||
Interest Rate | [9],[10] | 11% | |||
Cost | [9] | $ 8,939 | |||
Fair Value | [9],[11] | $ 8,939 | |||
Investment, Identifier [Axis]: Legacy Service Partners, LLC | Diversified Consumer Services | S+575 | 1.00% | 11.23% | 1/9/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 575% | |||
Interest Rate | [6] | 11.23% | |||
Cost | $ 1,900 | ||||
Fair Value | [1] | $ 1,947 | |||
Investment, Identifier [Axis]: Maxor Acquisition, Inc | Health Care Providers and Services| S+675 | 1.00% | 12.29% | 3/1/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 675% | |||
Interest Rate | [6],[7] | 12.29% | |||
Cost | [7] | $ 5,923 | |||
Fair Value | [1],[7] | $ 6,089 | |||
Investment, Identifier [Axis]: Maxor Acquisition, Inc | Health Care Providers and Services| S+675 | 1.00% | 12.48% | 3/1/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 675% | |||
Interest Rate | [9],[10] | 12.48% | |||
Cost | [9] | $ 5,940 | |||
Fair Value | [9],[11] | $ 6,120 | |||
Investment, Identifier [Axis]: Medrina, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.55% | 10/20/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 625% | |||
Interest Rate | [6] | 11.55% | |||
Cost | $ 2,341 | ||||
Fair Value | [1] | $ 2,398 | |||
Investment, Identifier [Axis]: ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.57% | 7/8/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.57% | |||
Cost | [7] | $ 5,753 | |||
Fair Value | [1],[7] | $ 5,878 | |||
Investment, Identifier [Axis]: ONS MSO, LLC | Health Care Providers and Services | S+625 | 1.00% | 11.62% | 7/8/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 625% | |||
Interest Rate | [9],[10] | 11.62% | |||
Cost | [9] | $ 5,784 | |||
Fair Value | [9],[11] | $ 5,922 | |||
Investment, Identifier [Axis]: Pinnacle Treatment Centers, Inc | Health Care Providers and Services | S+650 | 1.00% | 11.95% | 1/2/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.95% | |||
Cost | [9] | $ 6,951 | |||
Fair Value | [9],[11] | $ 6,951 | |||
Investment, Identifier [Axis]: Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.44% | 8/18/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 500% | |||
Interest Rate | [6],[7] | 10.44% | |||
Cost | [7] | $ 5,461 | |||
Fair Value | [1],[7] | $ 5,608 | |||
Investment, Identifier [Axis]: Plastics Management, LLC | Health Care Providers and Services | S+500 | 1.00% | 10.45% | 8/18/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 500% | |||
Interest Rate | [9],[10] | 10.45% | |||
Cost | [9] | $ 5,471 | |||
Fair Value | [9],[11] | $ 5,637 | |||
Investment, Identifier [Axis]: Preferred Equity - | SOINT LLC | Aerospace & Defense | 0.00% | 6/8/2012 | 6/30/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [21],[24],[45] | Aerospace & Defense | |||
Interest Rate | [21],[24],[38],[45] | 0% | |||
Acquisition Date | [21],[24],[45] | Jun. 08, 2012 | |||
Maturity Date | [21],[24],[45] | Jun. 30, 2025 | |||
Par Amount | [21],[24],[45] | $ 0 | |||
Cost | [21],[24],[45] | 5,241 | |||
Fair Value | [21],[24],[45] | $ 2,500 | |||
Investment, Identifier [Axis]: Preferred Equity | SOINT LLC | Aerospace & Defense | 5.00% | 6/8/2012 | 6/30/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2],[18],[46] | Aerospace & Defense | |||
Interest Rate | [2],[18],[46],[47] | 5% | |||
Acquisition Date | [2],[18],[46] | Jun. 08, 2012 | |||
Maturity Date | [2],[18],[46] | Jun. 30, 2025 | |||
Par Amount | [2],[18],[46] | $ 0 | |||
Cost | [2],[18],[46] | 5,178 | |||
Fair Value | [2],[18],[46] | $ 3,801 | |||
Investment, Identifier [Axis]: RQM+ Corp | Life Sciences Tools & Services | S+575 | 1.00% | 11.35% | 8/12/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 575% | |||
Interest Rate | [6],[7] | 11.35% | |||
Cost | [7] | $ 5,924 | |||
Fair Value | [1],[7] | $ 5,776 | |||
Investment, Identifier [Axis]: RQM+ Corp | Life Sciences Tools and Services | S+575 | 1.00% | 11.36% | 8/12/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 575% | |||
Interest Rate | [9],[10] | 11.36% | |||
Cost | [9] | $ 5,955 | |||
Fair Value | [9],[11] | $ 5,955 | |||
Investment, Identifier [Axis]: Retina Midco, Inc | Health Care Providers & Services | S+575 | 1.00% | 11.34% | 1/31/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 575% | |||
Interest Rate | [6],[7] | 11.34% | |||
Cost | [7] | $ 9,784 | |||
Fair Value | [1],[7] | $ 9,962 | |||
Investment, Identifier [Axis]: RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.43% | 3/13/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 50% | |||
Interest Rate | [6],[7] | 10.43% | |||
Cost | [7] | $ 8,922 | |||
Fair Value | [1],[7] | $ 8,922 | |||
Investment, Identifier [Axis]: RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.48% | 3/13/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 500% | |||
Interest Rate | [9],[10] | 10.48% | |||
Cost | [9] | $ 8,968 | |||
Fair Value | [9],[11] | $ 8,968 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | 33Across Inc. | Media | P+232 | 8.50% | 10.82% | 1/22/2024 | 10/31/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | ||||
Spread Above Index | [48] | 232% | |||
Floor | 8.50% | ||||
Interest Rate | [38] | 10.82% | |||
Acquisition Date | Jan. 22, 2024 | ||||
Maturity Date | Oct. 31, 2025 | ||||
Par Amount | $ 2,288 | ||||
Cost | 2,288 | ||||
Fair Value | $ 2,288 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Accession Risk Management Group, Inc. (f/k/a RSC Acquisition, Inc.) | Insurance | S+550 | 0.75% | 11.00% | 4/1/2022 | 11/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Insurance | ||||
Spread Above Index | [3] | 550% | |||
Floor | 0.75% | ||||
Interest Rate | [4] | 11% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Nov. 01, 2029 | ||||
Par Amount | $ 6,958 | ||||
Cost | 6,932 | ||||
Fair Value | $ 6,932 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Aegis Toxicology Sciences Corporation | Health Care Providers & Services | S+550 | 1.00% | 11.09% | 5/7/2018 | 5/9/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.09% | |||
Acquisition Date | [49] | May 07, 2018 | |||
Maturity Date | [49] | May 09, 2025 | |||
Par Amount | [49] | $ 13,241 | |||
Cost | [49] | 13,130 | |||
Fair Value | [49] | $ 13,241 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Aegis Toxicology Sciences Corporation | Health Care Providers & Services | S+550 | 1.00% | 11.13% | 5/7/2018 | 5/9/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 550% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.13% | |||
Acquisition Date | [50] | May 07, 2018 | |||
Maturity Date | [50] | May 09, 2025 | |||
Par Amount | [50] | $ 13,360 | |||
Cost | [50] | 13,188 | |||
Fair Value | [50] | $ 13,360 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Alkeme Intermediary Holdings, LLC | Insurance | S+600 | 1.00% | 11.44% | 9/20/2023 | 10/28/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Insurance | |||
Spread Above Index | [48],[49] | 600% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.44% | |||
Acquisition Date | [49] | Sep. 20, 2023 | |||
Maturity Date | [49] | Oct. 28, 2026 | |||
Par Amount | [49] | $ 17,003 | |||
Cost | [49] | 16,561 | |||
Fair Value | [49] | $ 17,003 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Alkeme Intermediary Holdings, LLC | Insurance | S+650 | 1.00% | 11.96% | 9/20/2023 | 10/28/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Insurance | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.96% | |||
Acquisition Date | Sep. 20, 2023 | ||||
Maturity Date | Oct. 28, 2026 | ||||
Par Amount | $ 8,514 | ||||
Cost | 8,277 | ||||
Fair Value | $ 8,514 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | All States Ag Parts, LLC | Trading Companies & Distributors | S+600 | 1.00% | 11.61% | 4/1/2022 | 9/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Trading Companies & Distributors | |||
Spread Above Index | [3],[50] | 600% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.61% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Sep. 01, 2026 | |||
Par Amount | [50] | $ 2,063 | |||
Cost | [50] | 2,036 | |||
Fair Value | [50] | $ 2,063 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | All States Ag Parts, LLC | Trading Companies &Distributors | S+600 | 1.00% | 11.60% | 4/1/2022 | 9/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Trading Companies & Distributors | |||
Spread Above Index | [48],[49] | 600% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.60% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Sep. 01, 2026 | |||
Par Amount | [49] | $ 2,156 | |||
Cost | [49] | 2,134 | |||
Fair Value | [49] | $ 2,156 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Atria Wealth Solutions, Inc. | Diversified Financial Services | S+650 | 1.00% | 11.97% | 9/14/2018 | 5/31/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Diversified Financial Services | |||
Spread Above Index | [3],[50] | 650% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.97% | |||
Acquisition Date | [50] | Sep. 14, 2018 | |||
Maturity Date | [50] | May 31, 2024 | |||
Par Amount | [50] | $ 16,243 | |||
Cost | [50] | 16,159 | |||
Fair Value | [50] | $ 16,243 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Atria Wealth Solutions, Inc. | Diversified Financial Services | S+650 | 1.00% | 12.09% | 9/14/2018 | 11/29/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Diversified Financial Services | |||
Spread Above Index | [48],[49] | 650% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 12.09% | |||
Acquisition Date | [49] | Sep. 14, 2018 | |||
Maturity Date | [49] | Nov. 29, 2024 | |||
Par Amount | [49] | $ 21,139 | |||
Cost | [49] | 21,055 | |||
Fair Value | [49] | $ 21,139 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BDG Media, Inc. | Media | P+525 | 5.50% | 13.75% | 7/18/2022 | 7/31/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | Media | |||
Spread Above Index | 525% | [48] | 525% | [3] | |
Floor | 5.50% | 5.50% | |||
Interest Rate | 13.75% | [38] | 13.75% | [4] | |
Acquisition Date | Jul. 18, 2022 | Jul. 18, 2022 | |||
Maturity Date | Jul. 31, 2025 | Jul. 31, 2025 | |||
Par Amount | $ 2,741 | $ 7,854 | |||
Cost | 2,741 | 7,854 | |||
Fair Value | $ 2,741 | $ 7,854 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Basic Fun, Inc. | Specialty Retail | S+650 | 1.00% | 12.14% | 10/30/2020 | 7/2/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Specialty Retail | |||
Spread Above Index | [3],[50] | 650% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 12.14% | |||
Acquisition Date | [50] | Oct. 30, 2020 | |||
Maturity Date | [50] | Jul. 02, 2024 | |||
Par Amount | [50] | $ 2,150 | |||
Cost | [50] | 2,145 | |||
Fair Value | [50] | $ 2,150 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Basic Fun, Inc. | Specialty Retail | S+650 | 1.00% | 14.11% | 10/30/2020 | 7/2/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Specialty Retail | |||
Spread Above Index | [48],[49] | 650% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 14.11% | |||
Acquisition Date | [49] | Oct. 30, 2020 | |||
Maturity Date | [49] | Jul. 02, 2024 | |||
Par Amount | [49] | $ 2,178 | |||
Cost | [49] | 2,178 | |||
Fair Value | [49] | $ 2,178 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BayMark Health Services, Inc. | Health Care Providers & Services | S+500 | 1.00% | 10.60% | 4/1/2022 | 6/11/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 500% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.60% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | Jun. 11, 2027 | ||||
Par Amount | [49] | $ 8,223 | |||
Cost | [49] | 8,007 | |||
Fair Value | [49] | $ 8,058 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BayMark Health Services, Inc. | Health Care Providers & Services | S+500 | 1.00% | 10.61% | 4/1/2022 | 6/11/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 500% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.61% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Jun. 11, 2027 | |||
Par Amount | [50] | $ 8,265 | |||
Cost | [50] | 8,016 | |||
Fair Value | [50] | $ 8,265 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Opco, LLC | Health Care Providers & Services | S+725 | 1.00% | 12.73% | 5/31/2023 | 5/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [17] | Health Care Providers & Services | |||
Spread Above Index | [17],[48],[51] | 725% | |||
Floor | [17] | 1% | |||
Interest Rate | [17],[38] | 12.73% | |||
Acquisition Date | [17] | May 31, 2023 | |||
Maturity Date | [17] | May 31, 2026 | |||
Par Amount | [17] | $ 19,995 | |||
Cost | [17] | 19,995 | |||
Fair Value | [17] | $ 19,995 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Opco, LLC | Health Care Providers & Services | S+725 | 1.00% | 12.75% | 5/31/2023 | 5/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [16] | Health Care Providers & Services | |||
Spread Above Index | [3],[16],[47] | 725% | |||
Floor | [16] | 1% | |||
Interest Rate | [4],[16] | 12.75% | |||
Acquisition Date | [16] | May 31, 2023 | |||
Maturity Date | [16] | May 31, 2026 | |||
Par Amount | [16] | $ 19,415 | |||
Cost | [16] | 19,415 | |||
Fair Value | [16] | $ 19,415 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Parent, LLC | Health Care Providers & Services | S+1000 | 1.00% | 15.48% | 5/31/2023 | 5/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [17] | Health Care Providers & Services | |||
Spread Above Index | [17],[48],[51] | 1,000% | |||
Floor | [17] | 1% | |||
Interest Rate | [17],[38] | 15.48% | |||
Acquisition Date | [17] | May 31, 2023 | |||
Maturity Date | [17] | May 31, 2026 | |||
Par Amount | [17] | $ 5,564 | |||
Cost | [17] | 5,564 | |||
Fair Value | [17] | $ 5,564 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Parent, LLC | Health Care Providers & Services | S+1000 | 1.00% | 15.50% | 5/31/2023 | 5/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [16] | Health Care Providers & Services | |||
Spread Above Index | [3],[16],[47] | 1,000% | |||
Floor | [16] | 1% | |||
Interest Rate | [4],[16] | 15.50% | |||
Acquisition Date | [16] | May 31, 2023 | |||
Maturity Date | [16] | May 31, 2026 | |||
Par Amount | [16] | $ 5,153 | |||
Cost | [16] | 5,153 | |||
Fair Value | [16] | $ 5,153 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Brainjolt LLC | Media | P+425 | 3.25% | 12.75% | 1/22/2024 | 1/22/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | ||||
Spread Above Index | [48] | 425% | |||
Floor | 3.25% | ||||
Interest Rate | [38] | 12.75% | |||
Acquisition Date | Jan. 22, 2024 | ||||
Maturity Date | Jan. 22, 2025 | ||||
Par Amount | $ 2,113 | ||||
Cost | 2,113 | ||||
Fair Value | $ 2,113 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CC SAG Holdings Corp. (Spectrum Automotive) | Diversified Consumer Services | P+525 | 0.75% | 10.59% | 6/29/2021 | 6/29/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Diversified Consumer Services | |||
Spread Above Index | [48],[49] | 525% | |||
Floor | [49] | 0.75% | |||
Interest Rate | [38],[49] | 10.59% | |||
Acquisition Date | [49] | Jun. 29, 2021 | |||
Maturity Date | [49] | Jun. 29, 2028 | |||
Par Amount | [49] | $ 30,356 | |||
Cost | [49] | 29,922 | |||
Fair Value | [49] | $ 30,356 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CC SAG Holdings Corp. (Spectrum Automotive) | Diversified Consumer Services | S+575| 0.75% | 11.22% | 6/29/2021 | 6/29/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Diversified Consumer Services | |||
Spread Above Index | [3],[50] | 575% | |||
Floor | [50] | 0.75% | |||
Interest Rate | [4],[50] | 11.22% | |||
Acquisition Date | [50] | Jun. 29, 2021 | |||
Maturity Date | [50] | Jun. 29, 2028 | |||
Par Amount | [50] | $ 30,510 | |||
Cost | [50] | 30,031 | |||
Fair Value | [50] | $ 30,510 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CVAUSA Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.74% | 5/22/2023 | 5/22/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 650% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.74% | |||
Acquisition Date | [50] | May 22, 2023 | |||
Maturity Date | [50] | May 22, 2029 | |||
Par Amount | [50] | $ 17,366 | |||
Cost | [50] | 16,873 | |||
Fair Value | [50] | $ 17,366 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CVAUSA Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.75% | 5/22/2023 | 5/22/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 650% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.75% | |||
Acquisition Date | [49] | May 22, 2023 | |||
Maturity Date | [49] | May 22, 2029 | |||
Par Amount | [49] | $ 17,279 | |||
Cost | [49] | 16,821 | |||
Fair Value | [49] | $ 17,279 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Copper River Seafoods, Inc. | Food Products | P+275 | —% | 11.25% | 12/1/2023 | 4/23/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Food Products | Food Products | |||
Spread Above Index | 275% | [48] | 275% | [3] | |
Floor | 0% | 0% | |||
Interest Rate | 11.25% | [38] | 11.25% | [4] | |
Acquisition Date | Dec. 01, 2023 | Dec. 01, 2023 | |||
Maturity Date | Apr. 23, 2025 | Apr. 23, 2025 | |||
Par Amount | $ 4,284 | $ 4,949 | |||
Cost | 4,284 | 4,949 | |||
Fair Value | $ 4,284 | $ 4,949 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Crewline Buyer, Inc. | IT Services | S+675 | 1.00% | 12.10% | 11/8/2023 | 11/8/2030 | |||||
Schedule of Investments [Line Items] | |||||
Industry | IT Services | ||||
Spread Above Index | [3] | 675% | |||
Floor | 1% | ||||
Interest Rate | [4] | 12.10% | |||
Acquisition Date | Nov. 08, 2023 | ||||
Maturity Date | Nov. 08, 2030 | ||||
Par Amount | $ 5,084 | ||||
Cost | 4,958 | ||||
Fair Value | $ 4,957 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | DeepIntent, Inc. | Media | P+175 | —% | 10.25% | 12/1/2023 | 3/25/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | ||||
Spread Above Index | [3] | 175% | |||
Floor | 0% | ||||
Interest Rate | [4] | 10.25% | |||
Acquisition Date | Dec. 01, 2023 | ||||
Maturity Date | Mar. 25, 2025 | ||||
Par Amount | $ 21,067 | ||||
Cost | 21,067 | ||||
Fair Value | $ 21,067 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | DeepIntent, Inc. | Media | P+225 | —% | 10.75% | 12/1/2023 | 6/30/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | ||||
Spread Above Index | [48] | 225% | |||
Floor | 0% | ||||
Interest Rate | [38] | 10.75% | |||
Acquisition Date | Dec. 01, 2023 | ||||
Maturity Date | Jun. 30, 2026 | ||||
Par Amount | $ 25,172 | ||||
Cost | 25,172 | ||||
Fair Value | $ 25,172 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ENS Holdings III Corp. & ES Opco USA LLC (Bluefin) | Trading Companies & Distributors | S+475 | 1.00% | 10.19% | 4/1/2022 | 12/31/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Trading Companies & Distributors | |||
Spread Above Index | [48],[49] | 475% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.19% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Dec. 31, 2025 | |||
Par Amount | [49] | $ 4,369 | |||
Cost | [49] | 4,290 | |||
Fair Value | [49] | $ 4,369 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ENS Holdings III Corp. & ES Opco USA LLC (Bluefin) | Trading Companies & Distributors | S+475 | 1.00% | 10.20% | 4/1/2022 | 12/31/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Trading Companies & Distributors | |||
Spread Above Index | [3],[50] | 475% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.20% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Dec. 31, 2025 | |||
Par Amount | [50] | $ 4,505 | |||
Cost | [50] | 4,398 | |||
Fair Value | [50] | $ 4,505 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Enhanced Permanent Capital, LLC | Capital Markets | S+700 | 1.00% | 12.44% | 12/29/2020 | 12/29/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Capital Markets | [24] | Capital Markets | [2] | |
Spread Above Index | 700% | [24],[48] | 700% | [2],[3] | |
Floor | 1% | [24] | 1% | [2] | |
Interest Rate | 12.44% | [24],[38] | 12.44% | [2],[4] | |
Acquisition Date | Dec. 29, 2020 | [24] | Dec. 29, 2020 | [2] | |
Maturity Date | Dec. 29, 2025 | [24] | Dec. 29, 2025 | [2] | |
Par Amount | $ 42,521 | [24] | $ 42,521 | [2] | |
Cost | 42,017 | [24] | 41,864 | [2] | |
Fair Value | $ 42,521 | [24] | $ 42,521 | [2] | |
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Exactcare Parent, Inc. | Health Care Providers & Services | S+650 | 1.00% | 11.89% | 11/3/2023 | 11/5/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.89% | |||
Acquisition Date | Nov. 03, 2023 | ||||
Maturity Date | Nov. 05, 2029 | ||||
Par Amount | $ 3,228 | ||||
Cost | 3,140 | ||||
Fair Value | $ 3,139 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | EyeSouth Eye Care Holdco LLC | Health Care Providers & Services | S+550 | 1.00% | 10.93% | 10/6/2022 | 10/5/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48] | 550% | |||
Floor | 1% | ||||
Interest Rate | [38] | 10.93% | |||
Acquisition Date | Oct. 06, 2022 | ||||
Maturity Date | Oct. 05, 2029 | ||||
Par Amount | $ 11,754 | ||||
Cost | 11,460 | ||||
Fair Value | $ 11,519 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Fertility (ITC) Investment Holdco, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.78% | 1/4/2023 | 1/3/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48] | 650% | |||
Floor | 1% | ||||
Interest Rate | [38] | 11.78% | |||
Acquisition Date | Jan. 04, 2023 | ||||
Maturity Date | Jan. 03, 2029 | ||||
Par Amount | $ 22,482 | ||||
Cost | 21,934 | ||||
Fair Value | $ 22,482 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Fertility (ITC) Investment Holdco, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.97% | 1/4/2023 | 1/3/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.97% | |||
Acquisition Date | Jan. 04, 2023 | ||||
Maturity Date | Jan. 03, 2029 | ||||
Par Amount | $ 22,596 | ||||
Cost | 22,000 | ||||
Fair Value | $ 22,596 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.73% | 2/12/2021 | 2/12/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Personal Products | |||
Spread Above Index | [48],[49] | 625% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.73% | |||
Acquisition Date | [49] | Feb. 12, 2021 | |||
Maturity Date | [49] | Feb. 12, 2027 | |||
Par Amount | [49] | $ 26,448 | |||
Cost | [49] | 25,985 | |||
Fair Value | [49] | $ 26,448 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.79% | 2/12/2021 | 2/12/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Personal Products | |||
Spread Above Index | [3],[50] | 625% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.79% | |||
Acquisition Date | [50] | Feb. 12, 2021 | |||
Maturity Date | [50] | Feb. 12, 2027 | |||
Par Amount | [50] | $ 26,726 | |||
Cost | [50] | 26,181 | |||
Fair Value | [50] | $ 26,726 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | GSM Acquisition Corp. | Leisure Equipment & Products | S+500 | 1.00% | 10.46% | 4/1/2022 | 11/16/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Leisure Equipment & Products | ||||
Spread Above Index | [48] | 500% | |||
Floor | 1% | ||||
Interest Rate | [38] | 10.46% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Nov. 16, 2026 | ||||
Par Amount | $ 2,360 | ||||
Cost | 2,298 | ||||
Fair Value | $ 2,360 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | GSM Acquisition Corp. | Leisure Equipment & Products | S+500 | 1.00% | 10.47% | 4/1/2022 | 11/16/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Leisure Equipment & Products | ||||
Spread Above Index | [3] | 500% | |||
Floor | 1% | ||||
Interest Rate | [4] | 10.47% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Nov. 16, 2026 | ||||
Par Amount | $ 2,371 | ||||
Cost | 2,296 | ||||
Fair Value | $ 2,371 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Higginbotham Insurance Agency, Inc. | Insurance | S+550 | 1.00% | 10.94% | 4/1/2022 | 11/25/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Insurance | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.94% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Nov. 25, 2028 | |||
Par Amount | [49] | $ 21,102 | |||
Cost | [49] | 21,102 | |||
Fair Value | [49] | $ 21,102 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Higginbotham Insurance Agency, Inc. | Insurance | S+550 | 1.00% | 10.96% | 4/1/2022 | 11/25/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Insurance | |||
Spread Above Index | [3],[50] | 550% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.96% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Nov. 25, 2028 | |||
Par Amount | [50] | $ 21,210 | |||
Cost | [50] | 21,210 | |||
Fair Value | [50] | $ 21,210 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Human Interest Inc. | Internet Software & Services | S+735 | 1.00% | 12.68% | 6/30/2022 | 7/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Internet Software & Services | ||||
Spread Above Index | [48] | 735% | |||
Floor | 1% | ||||
Interest Rate | [38] | 12.68% | |||
Acquisition Date | Jun. 30, 2022 | ||||
Maturity Date | Jul. 01, 2027 | ||||
Par Amount | $ 20,104 | ||||
Cost | 20,023 | ||||
Fair Value | $ 20,104 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Human Interest Inc. | Internet Software & Services | S+785 | 1.00% | 13.19% | 6/30/2022 | 7/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Internet Software & Services | ||||
Spread Above Index | [3] | 785% | |||
Floor | 1% | ||||
Interest Rate | [4] | 13.19% | |||
Acquisition Date | Jun. 30, 2022 | ||||
Maturity Date | Jul. 01, 2027 | ||||
Par Amount | $ 20,104 | ||||
Cost | 19,943 | ||||
Fair Value | $ 20,104 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kaseya, Inc. | Software | S+550 | 0.75% | 10.83% | 6/22/2022 | 6/23/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Software | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 0.75% | |||
Interest Rate | [38],[49] | 10.83% | |||
Acquisition Date | [49] | Jun. 22, 2022 | |||
Maturity Date | [49] | Jun. 23, 2029 | |||
Par Amount | [49] | $ 24,819 | |||
Cost | [49] | 24,537 | |||
Fair Value | [49] | $ 24,819 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kaseya, Inc. | Software | S+600 | 0.75% | 10.86% | 6/22/2022 | 6/23/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Software | |||
Spread Above Index | [3],[50] | 600% | |||
Floor | [50] | 0.75% | |||
Interest Rate | [4],[50],[52] | 10.86% | |||
Acquisition Date | [50] | Jun. 22, 2022 | |||
Maturity Date | [50] | Jun. 23, 2029 | |||
Par Amount | [50] | $ 24,519 | |||
Cost | [50] | 24,215 | |||
Fair Value | [50] | $ 24,519 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kid Distro Holdings, LLC (Distro Kid) | Software | S+550 | 1.00% | 10.94% | 9/24/2021 | 10/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Software | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.94% | |||
Acquisition Date | [49] | Sep. 24, 2021 | |||
Maturity Date | [49] | Oct. 01, 2027 | |||
Par Amount | [49] | $ 20,104 | |||
Cost | [49] | 19,864 | |||
Fair Value | [49] | $ 20,104 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kid Distro Holdings, LLC (Distro Kid) | Software | S+550 | 1.00% | 11.00% | 9/24/2021 | 10/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Software | |||
Spread Above Index | [3],[50] | 550% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11% | |||
Acquisition Date | [50] | Sep. 24, 2021 | |||
Maturity Date | [50] | Oct. 01, 2027 | |||
Par Amount | [50] | $ 20,207 | |||
Cost | [50] | 19,934 | |||
Fair Value | [50] | $ 20,207 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kingsbridge Holdings, LLC | Multi-Sector Holdings | S+700 | 1.00% | 12.46% | 12/21/2018 | 12/21/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [21] | Multi-Sector Holdings | |||
Spread Above Index | [21],[48] | 700% | |||
Floor | [21] | 1% | |||
Interest Rate | [21],[38] | 12.46% | |||
Acquisition Date | [21] | Dec. 21, 2018 | |||
Maturity Date | [21] | Dec. 21, 2024 | |||
Par Amount | [21] | $ 96,000 | |||
Cost | [21] | 95,948 | |||
Fair Value | [21] | $ 96,000 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kingsbridge Holdings, LLC | Multi-Sector Holdings | S+700 | 1.00% | 12.52% | 12/21/2018 | 12/21/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [18] | Multi-Sector Holdings | |||
Spread Above Index | [3],[18] | 700% | |||
Floor | [18] | 1% | |||
Interest Rate | [4],[18] | 12.52% | |||
Acquisition Date | [18] | Dec. 21, 2018 | |||
Maturity Date | [18] | Dec. 21, 2024 | |||
Par Amount | [18] | $ 96,000 | |||
Cost | [18] | 95,897 | |||
Fair Value | [18] | $ 96,000 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Logix Holding Company, LLC | Communications Equipment | P+475 | 1.00% | 13.25% | 9/14/2018 | 12/22/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Communications Equipment | [49] | Communications Equipment | [50] | |
Spread Above Index | 475% | [48],[49] | 475% | [3],[50] | |
Floor | 1% | [49] | 1% | [50] | |
Interest Rate | 13.25% | [38],[49] | 13.25% | [4],[50] | |
Acquisition Date | Sep. 14, 2018 | [49] | Sep. 14, 2018 | [50] | |
Maturity Date | Dec. 22, 2024 | [49] | Dec. 22, 2024 | [50] | |
Par Amount | $ 14,009 | [49] | $ 14,009 | [50] | |
Cost | 13,810 | [49] | 13,613 | [50] | |
Fair Value | $ 14,009 | [49] | $ 13,729 | [50] | |
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Luxury Asset Capital, LLC | Thrifts & Mortgage Finance | S+675 | 1.00% | 12.19% | 7/15/2022 | 7/15/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Thrifts & Mortgage Finance | |||
Spread Above Index | [48],[49] | 675% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 12.19% | |||
Acquisition Date | [49] | Jul. 15, 2022 | |||
Maturity Date | [49] | Jul. 15, 2027 | |||
Par Amount | [49] | $ 30,500 | |||
Cost | [49] | 30,089 | |||
Fair Value | [49] | $ 30,500 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Luxury Asset Capital, LLC | Thrifts & Mortgage Finance | S+675 | 1.00% | 12.21% | 7/15/2022 | 7/15/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Thrifts & Mortgage Finance | |||
Spread Above Index | [3],[50] | 675% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 12.21% | |||
Acquisition Date | [50] | Jul. 15, 2022 | |||
Maturity Date | [50] | Jul. 15, 2027 | |||
Par Amount | [50] | $ 30,500 | |||
Cost | [50] | 30,032 | |||
Fair Value | [50] | $ 30,500 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Maxor Acquisition, Inc. | Health Care Providers & Services | S+675 | 1.00% | 12.29% | 3/1/2023 | 3/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 675% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 12.29% | |||
Acquisition Date | [49] | Mar. 01, 2023 | |||
Maturity Date | [49] | Mar. 01, 2029 | |||
Par Amount | [49] | $ 17,515 | |||
Cost | [49] | 17,075 | |||
Fair Value | [49] | $ 17,515 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Maxor Acquisition, Inc. | Health Care Providers & Services | S+675 | 1.00% | 12.48% | 3/1/2023 | 3/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 675% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 12.48% | |||
Acquisition Date | [50] | Mar. 01, 2023 | |||
Maturity Date | [50] | Mar. 01, 2029 | |||
Par Amount | [50] | $ 17,604 | |||
Cost | [50] | 17,128 | |||
Fair Value | [50] | $ 17,604 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Medrina, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.67% | 10/20/2023 | 10/20/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 625% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.67% | |||
Acquisition Date | Oct. 20, 2023 | ||||
Maturity Date | Oct. 20, 2029 | ||||
Par Amount | $ 2,410 | ||||
Cost | 2,351 | ||||
Fair Value | $ 2,350 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | NSPC Intermediate Corp. (National Spine) | Health Care Providers & Services | S+800 | 1.00% | 13.48% | 4/1/2022 | 2/13/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48],[51],[53] | 800% | |||
Floor | 1% | ||||
Interest Rate | [38] | 13.48% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Feb. 13, 2026 | ||||
Par Amount | $ 2,615 | ||||
Cost | 2,557 | ||||
Fair Value | $ 2,115 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | NSPC Intermediate Corp. (National Spine) | Health Care Providers & Services | S+800 | 1.00% | 13.53% | 4/1/2022 | 2/13/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 800% | |||
Floor | 1% | ||||
Interest Rate | [4] | 13.53% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Feb. 13, 2026 | ||||
Par Amount | $ 2,216 | ||||
Cost | 2,143 | ||||
Fair Value | $ 2,216 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.57% | 2/10/2023 | 7/8/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 625% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.57% | |||
Acquisition Date | [49] | Feb. 10, 2023 | |||
Maturity Date | [49] | Jul. 08, 2026 | |||
Par Amount | [49] | $ 27,983 | |||
Cost | [49] | 27,392 | |||
Fair Value | [49] | $ 27,983 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.62% | 2/10/2023 | 7/8/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 625% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.62% | |||
Acquisition Date | Feb. 10, 2023 | ||||
Maturity Date | Jul. 08, 2026 | ||||
Par Amount | $ 28,110 | ||||
Cost | 27,454 | ||||
Fair Value | $ 28,110 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | One Touch Direct, LLC | Commercial Services & Supplies | P+75 | —% | 9.25% | 12/1/2023 | 3/31/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | ||||
Spread Above Index | [3] | 75% | |||
Floor | 0% | ||||
Interest Rate | [4] | 9.25% | |||
Acquisition Date | Dec. 01, 2023 | ||||
Maturity Date | Mar. 31, 2025 | ||||
Par Amount | $ 4,915 | ||||
Cost | 4,915 | ||||
Fair Value | $ 4,915 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | One Touch Direct, LLC | Commercial Services & Supplies | P+75 | —% | 9.25% | 12/1/2023 | 3/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | ||||
Spread Above Index | [48] | 75% | |||
Floor | 0% | ||||
Interest Rate | [38] | 9.25% | |||
Acquisition Date | Dec. 01, 2023 | ||||
Maturity Date | Mar. 31, 2026 | ||||
Par Amount | $ 1,913 | ||||
Cost | 1,913 | ||||
Fair Value | $ 1,913 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Orthopedic Care Partners Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 12.09% | 8/17/2022 | 8/16/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48] | 650% | |||
Floor | 1% | ||||
Interest Rate | [38] | 12.09% | |||
Acquisition Date | Aug. 17, 2022 | ||||
Maturity Date | Aug. 16, 2024 | ||||
Par Amount | $ 19,537 | ||||
Cost | 19,482 | ||||
Fair Value | $ 19,537 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Orthopedic Care Partners Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 12.11% | 8/17/2022 | 5/16/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 12.11% | |||
Acquisition Date | Aug. 17, 2022 | ||||
Maturity Date | May 16, 2024 | ||||
Par Amount | $ 5,488 | ||||
Cost | 5,470 | ||||
Fair Value | $ 5,488 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Peter C. Foy & Associates Insurance Services, LLC | Insurance | S+550 | 0.75% | 10.84% | 4/1/2022 | 11/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Insurance | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 0.75% | |||
Interest Rate | [38],[49] | 10.84% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Nov. 01, 2028 | |||
Par Amount | [49] | $ 16,792 | |||
Cost | [49] | 16,572 | |||
Fair Value | [49] | $ 16,792 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Peter C. Foy & Associates Insurance Services, LLC | Insurance | S+600 | 0.75% | 11.47% | 4/1/2022 | 11/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Insurance | |||
Spread Above Index | [3],[50] | 600% | |||
Floor | [50] | 0.75% | |||
Interest Rate | [4],[50] | 11.47% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Nov. 01, 2028 | |||
Par Amount | [50] | $ 16,877 | |||
Cost | [50] | 16,636 | |||
Fair Value | [50] | $ 16,539 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | S+650 | 1.00% | 11.86% | 1/22/2020 | 1/2/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 650% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.86% | |||
Acquisition Date | [50] | Jan. 22, 2020 | |||
Maturity Date | [50] | Jan. 02, 2026 | |||
Par Amount | [50] | $ 22,687 | |||
Cost | [50] | 22,405 | |||
Fair Value | [50] | $ 22,687 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.44% | 4/1/2022 | 8/18/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 500% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.44% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Aug. 18, 2027 | |||
Par Amount | [49] | $ 17,052 | |||
Cost | [49] | 16,477 | |||
Fair Value | [49] | $ 17,052 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.45% | 4/1/2022 | 8/18/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 500% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.45% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Aug. 18, 2027 | |||
Par Amount | [50] | $ 17,140 | |||
Cost | [50] | 16,488 | |||
Fair Value | [50] | $ 17,140 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Quantcast Corporation | Commercial Services & Supplies | S+525 | 2.00% | 10.60% | 6/14/2024 | 6/14/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Commercial Services & Supplies | ||||
Spread Above Index | [48] | 525% | |||
Floor | 2% | ||||
Interest Rate | [38] | 10.60% | |||
Acquisition Date | Jun. 14, 2024 | ||||
Maturity Date | Jun. 14, 2029 | ||||
Par Amount | $ 8,691 | ||||
Cost | 8,583 | ||||
Fair Value | $ 8,582 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RQM+ Corp. | Life Sciences Tools & Services | S+575 | 1.00% | 11.35% | 8/20/2021 | 8/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Life Sciences Tools & Services | |||
Spread Above Index | [48],[49] | 575% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.35% | |||
Acquisition Date | [49] | Aug. 20, 2021 | |||
Maturity Date | [49] | Aug. 12, 2026 | |||
Par Amount | [49] | $ 23,516 | |||
Cost | [49] | 23,261 | |||
Fair Value | [49] | $ 22,928 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RQM+ Corp. | Life Sciences Tools & Services | S+575 | 1.00% | 11.36% | 8/20/2021 | 8/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Life Sciences Tools & Services | |||
Spread Above Index | [3],[50] | 575% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.36% | |||
Acquisition Date | [50] | Aug. 20, 2021 | |||
Maturity Date | [50] | Aug. 12, 2026 | |||
Par Amount | [50] | $ 23,636 | |||
Cost | [50] | 23,327 | |||
Fair Value | [50] | $ 23,636 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Retina Midco, Inc. | Health Care Providers & Services | S+575 | 1.00% | 11.34% | 12/18/2023 | 1/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 575% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.34% | |||
Acquisition Date | [49] | Dec. 18, 2023 | |||
Maturity Date | [49] | Jan. 31, 2026 | |||
Par Amount | [49] | $ 27,424 | |||
Cost | [49] | 26,973 | |||
Fair Value | [49] | $ 27,424 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Retina Midco, Inc. | Health Care Providers & Services | S+575 | 1.00% | 11.38% | 12/18/2023 | 1/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 575% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.38% | |||
Acquisition Date | [50] | Dec. 18, 2023 | |||
Maturity Date | [50] | Jan. 31, 2026 | |||
Par Amount | [50] | $ 28,146 | |||
Cost | [50] | 27,592 | |||
Fair Value | [50] | $ 27,583 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.43% | 4/1/2022 | 3/13/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Diversified Consumer Services | |||
Spread Above Index | [48],[49] | 500% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.43% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Mar. 13, 2026 | |||
Par Amount | [49] | $ 2,642 | |||
Cost | [49] | 2,578 | |||
Fair Value | [49] | $ 2,642 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.48% | 4/1/2022 | 3/13/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Diversified Consumer Services | |||
Spread Above Index | [3],[50] | 500% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.48% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Mar. 13, 2026 | |||
Par Amount | [50] | $ 2,656 | |||
Cost | [50] | 2,573 | |||
Fair Value | [50] | $ 2,656 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SCP Eye Care, LLC | Health Care Providers & Services | S+575 | 1.00% | 11.17% | 10/6/2022 | 10/5/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 575% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.17% | |||
Acquisition Date | Oct. 06, 2022 | ||||
Maturity Date | Oct. 05, 2029 | ||||
Par Amount | $ 10,015 | ||||
Cost | 9,728 | ||||
Fair Value | $ 10,015 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SHO Holding I Corporation (Shoes for Crews) | Footwear | S+523 | 1.00% | 10.87% | 4/1/2022 | 4/27/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Footwear | |||
Spread Above Index | [3],[50] | 523% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 10.87% | |||
Acquisition Date | [50] | Apr. 01, 2022 | |||
Maturity Date | [50] | Apr. 27, 2024 | |||
Par Amount | [50] | $ 5,658 | |||
Cost | [50] | 5,557 | |||
Fair Value | [50] | $ 5,092 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SPAR Marketing Force, Inc. | Media | P+190 | —% | 10.40% | 12/1/2023 | 10/10/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | Media | |||
Spread Above Index | 190% | [48] | 190% | [3] | |
Floor | 0% | 0% | |||
Interest Rate | 10.40% | [38] | 10.40% | [4] | |
Acquisition Date | Dec. 01, 2023 | Dec. 01, 2023 | |||
Maturity Date | Oct. 10, 2024 | Oct. 10, 2024 | |||
Par Amount | $ 10,971 | $ 8,461 | |||
Cost | 10,971 | 8,461 | |||
Fair Value | $ 10,971 | $ 8,461 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Shoes for Crews Global, LLC | Diversified Consumer Services | S+650 | 1.00% | 11.95% | 6/30/2024 | 6/30/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Consumer Services | ||||
Spread Above Index | [48],[54] | 650% | |||
Floor | 1% | ||||
Interest Rate | [38] | 11.95% | |||
Acquisition Date | Jun. 30, 2024 | ||||
Maturity Date | Jun. 30, 2029 | ||||
Par Amount | $ 3,412 | ||||
Cost | 3,410 | ||||
Fair Value | $ 3,412 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Sightly Enterprises, Inc | Media | P+575 | 6.00% | 14.25% | 1/22/2024 | 12/31/2024 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Media | ||||
Spread Above Index | [48] | 575% | |||
Floor | 6% | ||||
Interest Rate | [38] | 14.25% | |||
Acquisition Date | Jan. 22, 2024 | ||||
Maturity Date | Dec. 31, 2024 | ||||
Par Amount | $ 4,456 | ||||
Cost | 4,456 | ||||
Fair Value | $ 4,456 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Southern Orthodontic Partners Management, LLC | Health Care Providers & Services | S+550 | 1.00% | 10.83% | 6/3/2022 | 7/27/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.83% | |||
Acquisition Date | [49] | Jun. 03, 2022 | |||
Maturity Date | [49] | Jul. 27, 2026 | |||
Par Amount | [49] | $ 29,773 | |||
Cost | [49] | 29,324 | |||
Fair Value | [49] | $ 29,476 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Southern Orthodontic Partners Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.72% | 6/3/2022 | 1/27/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [50] | Health Care Providers & Services | |||
Spread Above Index | [3],[50] | 625% | |||
Floor | [50] | 1% | |||
Interest Rate | [4],[50] | 11.72% | |||
Acquisition Date | [50] | Jun. 03, 2022 | |||
Maturity Date | [50] | Jan. 27, 2026 | |||
Par Amount | [50] | $ 15,545 | |||
Cost | [50] | 15,300 | |||
Fair Value | [50] | $ 15,545 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Stryten Resources LLC | Auto Parts & Equipment | S+800 | 1.00% | 13.46% | 8/11/2021 | 10/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Auto Parts & Equipment | ||||
Spread Above Index | [48] | 800% | |||
Floor | 1% | ||||
Interest Rate | [38] | 13.46% | |||
Acquisition Date | Aug. 11, 2021 | ||||
Maturity Date | Oct. 12, 2026 | ||||
Par Amount | $ 25,528 | ||||
Cost | 25,261 | ||||
Fair Value | $ 25,528 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Stryten Resources LLC | Auto Parts & Equipment | S+800 | 1.00% | 13.47% | 8/11/2021 | 10/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Auto Parts & Equipment | ||||
Spread Above Index | [3] | 800% | |||
Floor | 1% | ||||
Interest Rate | [4] | 13.47% | |||
Acquisition Date | Aug. 11, 2021 | ||||
Maturity Date | Oct. 12, 2026 | ||||
Par Amount | $ 25,659 | ||||
Cost | 25,341 | ||||
Fair Value | $ 26,044 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.93% | 6/16/2021 | 6/16/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Equipment & Supplies | |||
Spread Above Index | [48],[49] | 550% | |||
Floor | [49] | 0.75% | |||
Interest Rate | [38],[49] | 10.93% | |||
Acquisition Date | [49] | Jun. 16, 2021 | |||
Maturity Date | [49] | Jun. 16, 2028 | |||
Par Amount | [49] | $ 14,905 | |||
Cost | [49] | 14,630 | |||
Fair Value | [49] | $ 14,905 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.96% | 6/16/2021 | 6/16/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Health Care Equipment & Supplies | |||
Spread Above Index | [3],[37] | 550% | |||
Floor | [37] | 0.75% | |||
Interest Rate | [4],[37] | 10.96% | |||
Acquisition Date | [37] | Jun. 16, 2021 | |||
Maturity Date | [37] | Jun. 16, 2028 | |||
Par Amount | [37] | $ 14,982 | |||
Cost | [37] | 14,676 | |||
Fair Value | [37] | $ 14,982 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | TAUC Management, LLC | Health Care Providers & Services | P+450 | 1.00% | 13.00% | 4/1/2022 | 2/12/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Health Care Providers & Services | |||
Spread Above Index | [3],[37] | 450% | |||
Floor | [37] | 1% | |||
Interest Rate | [4],[37] | 13% | |||
Acquisition Date | [37] | Apr. 01, 2022 | |||
Maturity Date | [37] | Feb. 12, 2027 | |||
Par Amount | [37] | $ 6,891 | |||
Cost | [37] | 6,646 | |||
Fair Value | [37] | $ 6,409 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | TAUC Management, LLC | Health Care Providers & Services | S+700 | 1.00% | 14.50% | 4/1/2022 | 2/12/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49],[55] | 700% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 14.50% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Feb. 12, 2027 | |||
Par Amount | [49] | $ 6,969 | |||
Cost | [49] | 6,760 | |||
Fair Value | [49] | $ 6,272 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.59% | 8/17/2023 | 8/15/2029 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48],[49] | 625% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.59% | |||
Acquisition Date | [49] | Aug. 17, 2023 | |||
Maturity Date | [49] | Aug. 15, 2029 | |||
Par Amount | [49] | $ 10,037 | |||
Cost | [49] | 9,811 | |||
Fair Value | [49] | $ 10,037 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.59% | 8/7/2023 | 8/15/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Commercial Services & Supplies | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.61% | 8/17/2023 | 8/15/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Commercial Services & Supplies | |||
Spread Above Index | [3],[37] | 625% | |||
Floor | [37] | 1% | |||
Interest Rate | [4],[37] | 11.61% | |||
Acquisition Date | [37] | Aug. 17, 2023 | |||
Maturity Date | [37] | Aug. 15, 2029 | |||
Par Amount | [37] | $ 10,276 | |||
Cost | [37] | 10,030 | |||
Fair Value | [37] | $ 10,276 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Tilley Distribution, Inc. | Trading Companies & Distributors | S+600 | 1.00% | 11.48% | 4/1/2022 | 12/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Trading Companies & Distributors | |||
Spread Above Index | [48],[49] | 600% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.48% | |||
Acquisition Date | [49] | Apr. 01, 2022 | |||
Maturity Date | [49] | Dec. 31, 2026 | |||
Par Amount | [49] | $ 3,708 | |||
Cost | [49] | 3,587 | |||
Fair Value | [49] | $ 3,634 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Tilley Distribution, Inc. | Trading Companies & Distributors | S+600 | 1.00% | 11.50% | 4/1/2022 | 12/31/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Trading Companies & Distributors | |||
Spread Above Index | [3],[37] | 600% | |||
Floor | [37] | 1% | |||
Interest Rate | [4],[37] | 11.50% | |||
Acquisition Date | [37] | Apr. 01, 2022 | |||
Maturity Date | [37] | Dec. 31, 2026 | |||
Par Amount | [37] | $ 3,808 | |||
Cost | [37] | 3,663 | |||
Fair Value | [37] | $ 3,808 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | UVP Management, LLC | Health Care Providers & Services | S+ 625 | 1.00% | 11.75% | 9/18/2023 | 9/15/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 625% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.75% | |||
Acquisition Date | Sep. 18, 2023 | ||||
Maturity Date | Sep. 15, 2025 | ||||
Par Amount | $ 16,922 | ||||
Cost | 16,550 | ||||
Fair Value | $ 16,499 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | UVP Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 9/18/2023 | 9/15/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48] | 625% | |||
Floor | 1% | ||||
Interest Rate | [38] | 11.73% | |||
Acquisition Date | Sep. 18, 2023 | ||||
Maturity Date | Sep. 15, 2025 | ||||
Par Amount | $ 13,722 | ||||
Cost | 13,497 | ||||
Fair Value | $ 13,310 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Ultimate Baked Goods Midco LLC (Rise Baking) | Packaged Foods & Meats | S+625 | 1.00% | 10.94% | 8/12/2021 | 8/13/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Packaged Foods & Meats | |||
Spread Above Index | [48],[49] | 625% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 10.94% | |||
Acquisition Date | [49] | Aug. 12, 2021 | |||
Maturity Date | [49] | Aug. 13, 2027 | |||
Par Amount | [49] | $ 26,777 | |||
Cost | [49] | 26,296 | |||
Fair Value | [49] | $ 26,643 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Ultimate Baked Goods Midco LLC (Rise Baking) | Packaged Foods & Meats | S+625 | 1.00% | 10.96% | 8/12/2021 | 8/13/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Packaged Foods & Meats | |||
Spread Above Index | [3],[37] | 625% | |||
Floor | [37] | 1% | |||
Interest Rate | [4],[37] | 10.96% | |||
Acquisition Date | [37] | Aug. 12, 2021 | |||
Maturity Date | [37] | Aug. 13, 2027 | |||
Par Amount | [37] | $ 26,359 | |||
Cost | [37] | 25,811 | |||
Fair Value | [37] | $ 26,095 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | United Digestive MSO Parent, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.80% | 3/30/2023 | 3/30/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Health Care Providers & Services | |||
Spread Above Index | [48],[49] | 650% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.80% | |||
Acquisition Date | [49] | Mar. 30, 2023 | |||
Maturity Date | [49] | Mar. 30, 2029 | |||
Par Amount | [49] | $ 10,284 | |||
Cost | [49] | 10,021 | |||
Fair Value | [49] | $ 10,284 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | United Digestive MSO Parent, LLC | Health Care Providers & Services | S+675 | 1.00% | 12.25% | 3/30/2023 | 3/30/2029 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 675% | |||
Floor | 1% | ||||
Interest Rate | [4] | 12.25% | |||
Acquisition Date | Mar. 30, 2023 | ||||
Maturity Date | Mar. 30, 2029 | ||||
Par Amount | $ 9,812 | ||||
Cost | 9,544 | ||||
Fair Value | $ 9,812 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Urology Management Holdings, Inc | Health Care Providers & Services | S+ 650 | 1.00% | 11.93% | 2/7/2023 | 6/15/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.93% | |||
Acquisition Date | Feb. 07, 2023 | ||||
Maturity Date | Jun. 15, 2026 | ||||
Par Amount | $ 9,205 | ||||
Cost | 8,983 | ||||
Fair Value | $ 9,136 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Urology Management Holdings, Inc. | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 2/7/2023 | 6/15/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Providers & Services | ||||
Spread Above Index | [48] | 625% | |||
Floor | 1% | ||||
Interest Rate | [38] | 11.73% | |||
Acquisition Date | Feb. 07, 2023 | ||||
Maturity Date | Jun. 15, 2026 | ||||
Par Amount | $ 10,669 | ||||
Cost | 10,446 | ||||
Fair Value | $ 10,669 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Vessco Midco Holdings, LLC | Water Utilities | P+350 | 1.00% | 12.00% | 4/1/2022 | 11/2/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Water Utilities | ||||
Spread Above Index | [3] | 350% | |||
Floor | 1% | ||||
Interest Rate | [4] | 12% | |||
Acquisition Date | Apr. 01, 2022 | ||||
Maturity Date | Nov. 02, 2026 | ||||
Par Amount | $ 15 | ||||
Cost | 15 | ||||
Fair Value | $ 15 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | WCI-BXC Purchaser, LLC | Distributors | S+625 | 1.00% | 11.64% | 11/6/2023 | 11/6/2030 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Distributors | ||||
Spread Above Index | [3] | 625% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.64% | |||
Acquisition Date | Nov. 06, 2023 | ||||
Maturity Date | Nov. 06, 2030 | ||||
Par Amount | $ 2,904 | ||||
Cost | 2,833 | ||||
Fair Value | $ 2,832 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | West-NR Parent, Inc. | Insurance | S+625 | 1.00% | 11.68% | 8/1/2023 | 12/27/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Insurance | |||
Spread Above Index | [48],[49] | 625% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.68% | |||
Acquisition Date | [49] | Aug. 01, 2023 | |||
Maturity Date | [49] | Dec. 27, 2027 | |||
Par Amount | [49] | $ 8,970 | |||
Cost | [49] | 8,820 | |||
Fair Value | [49] | $ 8,970 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | West-NR Parent, Inc. | Insurance | S+625 | 1.00% | 11.70% | 8/1/2023 | 12/27/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Insurance | |||
Spread Above Index | [3],[37] | 625% | |||
Floor | [37] | 1% | |||
Interest Rate | [4],[37] | 11.70% | |||
Acquisition Date | [37] | Aug. 01, 2023 | |||
Maturity Date | [37] | Dec. 27, 2027 | |||
Par Amount | [37] | $ 9,015 | |||
Cost | [37] | 8,848 | |||
Fair Value | [37] | $ 9,015 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Western Veterinary Partners LLC | Diversified Consumer Services | S+600 | 1.00% | 11.60% | 1/19/2024 | 10/29/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [49] | Diversified Consumer Services | |||
Spread Above Index | [48],[49] | 600% | |||
Floor | [49] | 1% | |||
Interest Rate | [38],[49] | 11.60% | |||
Acquisition Date | [49] | Jan. 19, 2024 | |||
Maturity Date | [49] | Oct. 29, 2026 | |||
Par Amount | [49] | $ 15,978 | |||
Cost | [49] | 15,760 | |||
Fair Value | [49] | $ 15,738 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | iCIMS, Inc. | Software | S+725 | 0.75% | 12.08% | 8/18/2022 | 8/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Software | ||||
Spread Above Index | [48] | 725% | |||
Floor | 0.75% | ||||
Interest Rate | [38],[56] | 12.08% | |||
Acquisition Date | Aug. 18, 2022 | ||||
Maturity Date | Aug. 18, 2028 | ||||
Par Amount | $ 31,346 | ||||
Cost | 30,960 | ||||
Fair Value | $ 31,346 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | iCIMS, Inc. | Software | S+725 | 0.75% | 12.10% | 8/18/2022 | 8/18/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Software | ||||
Spread Above Index | [3] | 725% | |||
Floor | 0.75% | ||||
Interest Rate | [4],[57] | 12.10% | |||
Acquisition Date | Aug. 18, 2022 | ||||
Maturity Date | Aug. 18, 2028 | ||||
Par Amount | $ 31,059 | ||||
Cost | 30,642 | ||||
Fair Value | $ 31,059 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Alimera Sciences, Inc. | Pharmaceuticals | S+515 | 4.60% | 10.48% | 12/31/2019 | 5/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [24],[48],[49] | 515% | |||
Floor | [24],[49] | 4.60% | |||
Interest Rate | [24],[38],[49] | 10.48% | |||
Acquisition Date | [24],[49] | Dec. 31, 2019 | |||
Maturity Date | [24],[49] | May 01, 2028 | |||
Par Amount | [24],[49] | $ 37,311 | |||
Cost | [24],[49] | 37,703 | |||
Fair Value | [24],[49] | $ 40,462 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Alimera Sciences, Inc. | Pharmaceuticals | S+515 | 4.60% | 10.50% | 12/31/2019 | 5/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Pharmaceuticals | |||
Spread Above Index | [3],[37] | 515% | |||
Floor | [37] | 4.60% | |||
Interest Rate | [4],[37] | 10.50% | |||
Acquisition Date | [37] | Dec. 31, 2019 | |||
Maturity Date | [37] | May 01, 2028 | |||
Par Amount | [37] | $ 34,738 | |||
Cost | [37] | 34,945 | |||
Fair Value | [37] | $ 37,274 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Arcutis Biotherapeutics, Inc. | Pharmaceuticals | S+745 | 0.10% | 12.88% | 12/22/2021 | 1/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [24],[48] | 745% | |||
Floor | [24] | 0.10% | |||
Interest Rate | [24],[38] | 12.88% | |||
Acquisition Date | [24] | Dec. 22, 2021 | |||
Maturity Date | [24] | Jan. 01, 2027 | |||
Par Amount | [24] | $ 66,849 | |||
Cost | [24] | 68,716 | |||
Fair Value | [24] | $ 70,450 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Arcutis Biotherapeutics, Inc. | Pharmaceuticals | S+745 | 0.10% | 12.90% | 12/22/2021 | 1/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2] | Pharmaceuticals | |||
Spread Above Index | [2],[3] | 745% | |||
Floor | [2] | 0.10% | |||
Interest Rate | [2],[4] | 12.90% | |||
Acquisition Date | [2] | Dec. 22, 2021 | |||
Maturity Date | [2] | Jan. 01, 2027 | |||
Par Amount | [2] | $ 66,849 | |||
Cost | [2] | 68,169 | |||
Fair Value | [2] | $ 68,186 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Ardelyx, Inc. | Pharmaceuticals | S+425 | 4.70% | 9.60% | 2/23/2022 | 3/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [24],[48] | 425% | |||
Floor | [24] | 4.70% | |||
Interest Rate | [24],[38],[58] | 9.60% | |||
Acquisition Date | [24] | Feb. 23, 2022 | |||
Maturity Date | [24] | Mar. 01, 2027 | |||
Par Amount | [24] | $ 33,102 | |||
Cost | [24] | 33,316 | |||
Fair Value | [24] | $ 33,927 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | BridgeBio Pharma, Inc. | Biotechnology | — | —% | 9.00% | 11/17/2021 | 11/17/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2] | Biotechnology | |||
Spread Above Index | [2],[3] | 0% | |||
Floor | [2] | 0% | |||
Interest Rate | [2],[4],[59] | 9% | |||
Acquisition Date | [2] | Nov. 17, 2021 | |||
Maturity Date | [2] | Nov. 17, 2026 | |||
Par Amount | [2] | $ 40,753 | |||
Cost | [2] | 40,567 | |||
Fair Value | [2] | $ 40,854 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Cerapedics, Inc. | Biotechnology | S+620 | 2.75% | 11.53% | 12/27/2022 | 1/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 620% | |||
Floor | 2.75% | ||||
Interest Rate | [38] | 11.53% | |||
Acquisition Date | Dec. 27, 2022 | ||||
Maturity Date | Jan. 01, 2028 | ||||
Par Amount | $ 36,156 | ||||
Cost | 36,378 | ||||
Fair Value | $ 37,673 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Cerapedics, Inc. | Biotechnology | S+620 | 2.75% | 11.55% | 12/27/2022 | 1/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Biotechnology | ||||
Spread Above Index | [3] | 620% | |||
Floor | 2.75% | ||||
Interest Rate | [4] | 11.55% | |||
Acquisition Date | Dec. 27, 2022 | ||||
Maturity Date | Jan. 01, 2028 | ||||
Par Amount | $ 36,156 | ||||
Cost | 36,260 | ||||
Fair Value | $ 36,156 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Glooko, Inc. | Health Care Technology | S+790 | 0.10% | 13.35% | 9/30/2021 | 10/1/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Health Care Technology | |||
Spread Above Index | [3],[37] | 790% | |||
Floor | [37] | 0.10% | |||
Interest Rate | [4],[37] | 13.35% | |||
Acquisition Date | [37] | Sep. 30, 2021 | |||
Maturity Date | [37] | Oct. 01, 2026 | |||
Par Amount | [37] | $ 9,927 | |||
Cost | [37] | 10,010 | |||
Fair Value | [37] | $ 10,373 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Meditrina, Inc. | Health Care Equipment & Supplies | S+550 | 3.45% | 10.83% | 12/20/2022 | 12/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 550% | |||
Floor | 3.45% | ||||
Interest Rate | [38] | 10.83% | |||
Acquisition Date | Dec. 20, 2022 | ||||
Maturity Date | Dec. 01, 2027 | ||||
Par Amount | $ 5,051 | ||||
Cost | 5,075 | ||||
Fair Value | $ 5,038 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Meditrina, Inc. | Health Care Equipment & Supplies | S+550 | 3.45% | 10.85% | 12/20/2022 | 12/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Equipment & Supplies | ||||
Spread Above Index | [3] | 550% | |||
Floor | 3.45% | ||||
Interest Rate | [4] | 10.85% | |||
Acquisition Date | Dec. 20, 2022 | ||||
Maturity Date | Dec. 01, 2027 | ||||
Par Amount | $ 3,367 | ||||
Cost | 3,374 | ||||
Fair Value | $ 3,401 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Neuronetics, Inc. | Health Care Equipment & Supplies | S+565 | 3.95% | 10.98% | 3/2/2020 | 3/29/2028 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48],[49] | 565% | |||
Floor | [49] | 3.95% | |||
Interest Rate | [38],[49] | 10.98% | |||
Acquisition Date | [49] | Mar. 02, 2020 | |||
Maturity Date | [49] | Mar. 29, 2028 | |||
Par Amount | [49] | $ 30,878 | |||
Cost | [49] | 31,092 | |||
Fair Value | [49] | $ 34,739 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Neuronetics, Inc. | Health Care Equipment & Supplies | S+565 | 3.95% | 11.00% | 3/2/2020 | 3/29/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [37] | Health Care Equipment & Supplies | |||
Spread Above Index | [3],[37] | 565% | |||
Floor | [37] | 3.95% | |||
Interest Rate | [4],[37] | 11% | |||
Acquisition Date | [37] | Mar. 02, 2020 | |||
Maturity Date | [37] | Mar. 29, 2028 | |||
Par Amount | [37] | $ 30,878 | |||
Cost | [37] | 30,921 | |||
Fair Value | [37] | $ 30,878 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | OmniGuide Holdings, Inc. | Health Care Equipment & Supplies | S+580 | 5.31% | 11.23% | 7/30/2018 | 11/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48],[60] | 580% | |||
Floor | [60] | 5.31% | |||
Interest Rate | [38],[60] | 11.23% | |||
Acquisition Date | [60] | Jul. 30, 2018 | |||
Maturity Date | [60] | Nov. 01, 2025 | |||
Par Amount | [60] | $ 24,500 | |||
Cost | [60] | 25,437 | |||
Fair Value | [60] | $ 24,622 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | OmniGuide Holdings, Inc. | Health Care Equipment & Supplies | S+580 | 5.31% | 11.25% | 7/30/2018 | 11/1/2025 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [61] | Health Care Equipment & Supplies | |||
Spread Above Index | [3],[61] | 580% | |||
Floor | [61] | 5.31% | |||
Interest Rate | [4],[61] | 11.25% | |||
Acquisition Date | [61] | Jul. 30, 2018 | |||
Maturity Date | [61] | Nov. 01, 2025 | |||
Par Amount | [61] | $ 24,500 | |||
Cost | [61] | 24,874 | |||
Fair Value | [61] | $ 24,623 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Outset Medical, Inc. | Health Care Equipment & Supplies | S+515 | 2.75% | 10.48% | 11/3/2022 | 11/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48],[49] | 515% | |||
Floor | [49] | 2.75% | |||
Interest Rate | [38],[49] | 10.48% | |||
Acquisition Date | [49] | Nov. 03, 2022 | |||
Maturity Date | [49] | Nov. 01, 2027 | |||
Par Amount | [49] | $ 44,727 | |||
Cost | [49] | 45,093 | |||
Fair Value | [49] | $ 44,839 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Outset Medical, Inc. | Health Care Equipment & Supplies | S+515 | 2.75% | 10.50% | 11/3/2022 | 11/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [2],[35] | Health Care Equipment & Supplies | |||
Spread Above Index | [2],[3],[35] | 515% | |||
Floor | [2],[35] | 2.75% | |||
Interest Rate | [2],[4],[35] | 10.50% | |||
Acquisition Date | [2],[35] | Nov. 03, 2022 | |||
Maturity Date | [2],[35] | Nov. 01, 2027 | |||
Par Amount | [2],[35] | $ 44,727 | |||
Cost | [2],[35] | 44,837 | |||
Fair Value | [2],[35] | $ 44,839 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | SPR Therapeutics, Inc. | Health Care Technology | S+515 | 4.00% | 10.48% | 1/30/2024 | 2/1/2029 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 515% | |||
Floor | 4% | ||||
Interest Rate | [38] | 10.48% | |||
Acquisition Date | Jan. 30, 2024 | ||||
Maturity Date | Feb. 01, 2029 | ||||
Par Amount | $ 4,866 | ||||
Cost | 4,849 | ||||
Fair Value | $ 4,993 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+830 | 13.73% | 3/26/2024 | 12/31/2024 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 830% | |||
Floor | 0% | ||||
Interest Rate | [38] | 13.73% | |||
Acquisition Date | Mar. 26, 2024 | ||||
Maturity Date | Dec. 31, 2024 | ||||
Par Amount | $ 2,067 | ||||
Cost | 2,042 | ||||
Fair Value | $ 2,026 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+930 | 1.00% | 14.75% | 2/18/2022 | 2/1/2027 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Health Care Equipment & Supplies | ||||
Spread Above Index | [3] | 930% | |||
Floor | 1% | ||||
Interest Rate | [4],[62] | 14.75% | |||
Acquisition Date | Feb. 18, 2022 | ||||
Maturity Date | Feb. 01, 2027 | ||||
Par Amount | $ 37,670 | ||||
Cost | 38,094 | ||||
Fair Value | 38,235 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+930 | 4.50% | 14.73% | 2/18/2022 | 7/15/2027 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 930% | |||
Floor | 4.50% | ||||
Interest Rate | [38],[63] | 14.73% | |||
Acquisition Date | Feb. 18, 2022 | ||||
Maturity Date | Jul. 15, 2027 | ||||
Par Amount | $ 39,427 | ||||
Cost | 40,118 | ||||
Fair Value | $ 40,018 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vertos Medical, Inc. | Health Care Equipment & Supplies | S+515 | 4.75% | 10.48% | 6/14/2023 | 7/1/2028 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [48] | 515% | |||
Floor | 4.75% | ||||
Interest Rate | [38] | 10.48% | |||
Acquisition Date | Jun. 14, 2023 | ||||
Maturity Date | Jul. 01, 2028 | ||||
Par Amount | $ 6,651 | ||||
Cost | 6,639 | ||||
Fair Value | 6,684 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | |||||
Schedule of Investments [Line Items] | |||||
Cost | 37,555 | 37,497 | |||
Fair Value | $ 38,131 | $ 37,532 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | AMF Levered II, LLC | Diversified Financial Services | S+705 | 1.00% | 12.49% | 12/24/2021 | 8/21/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | ||||
Spread Above Index | [48] | 705% | |||
Floor | 1% | ||||
Interest Rate | [38] | 12.49% | |||
Acquisition Date | Dec. 24, 2021 | ||||
Maturity Date | Aug. 21, 2028 | ||||
Par Amount | $ 29,925 | ||||
Cost | 29,515 | ||||
Fair Value | $ 29,925 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | AMF Levered II, LLC | Diversified Financial Services | S+705 | 1.00% | 12.52% | 12/24/2021 | 8/21/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | ||||
Spread Above Index | [3] | 705% | |||
Floor | 1% | ||||
Interest Rate | [4] | 12.52% | |||
Acquisition Date | Dec. 24, 2021 | ||||
Maturity Date | Aug. 21, 2028 | ||||
Par Amount | $ 29,925 | ||||
Cost | 29,474 | ||||
Fair Value | $ 29,326 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | FGI Worldwide LLC | Diversified Financial Services | S+650 | 1.00% | 11.85% | 4/17/2023 | 4/17/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | ||||
Spread Above Index | [48] | 650% | |||
Floor | 1% | ||||
Interest Rate | [38] | 11.85% | |||
Acquisition Date | Apr. 17, 2023 | ||||
Maturity Date | Apr. 17, 2028 | ||||
Par Amount | $ 8,206 | ||||
Cost | 8,040 | ||||
Fair Value | $ 8,206 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | FGI Worldwide LLC | Diversified Financial Services | S+650 | 1.00% | 11.86% | 4/17/2023 | 4/17/2028 | |||||
Schedule of Investments [Line Items] | |||||
Industry | Diversified Financial Services | ||||
Spread Above Index | [3] | 650% | |||
Floor | 1% | ||||
Interest Rate | [4] | 11.86% | |||
Acquisition Date | Apr. 17, 2023 | ||||
Maturity Date | Apr. 17, 2028 | ||||
Par Amount | $ 8,206 | ||||
Cost | 8,023 | ||||
Fair Value | $ 8,206 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Bank Debt/Senior Secured Loans | RD Holdco, Inc. | Diversified Consumer Services | S+975 | 1.00% | 12/23/2013 | 10/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [21],[64] | Diversified Consumer Services | |||
Spread Above Index | [21],[48],[51],[64] | 975% | |||
Floor | [21],[64] | 1% | |||
Interest Rate | [21],[38] | 0% | |||
Acquisition Date | [21],[64] | Dec. 23, 2013 | |||
Maturity Date | [21],[64] | Oct. 12, 2026 | |||
Par Amount | [21],[64] | $ 16,888 | |||
Cost | [21],[64] | 12,297 | |||
Fair Value | [21],[64] | 7,827 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Bank Debt/Senior Secured Loans | RD Holdco, Inc. | Diversified Consumer Services | S+975 | 1.00% | —% | 12/23/2013 | 10/12/2026 | |||||
Schedule of Investments [Line Items] | |||||
Industry | [18] | Diversified Consumer Services | |||
Spread Above Index | [3],[18],[47] | 975% | |||
Floor | [18] | 1% | |||
Interest Rate | [4],[18] | 0% | |||
Acquisition Date | [18] | Dec. 23, 2013 | |||
Maturity Date | [18] | Oct. 12, 2026 | |||
Par Amount | [18] | $ 15,654 | |||
Cost | [18] | 12,297 | |||
Fair Value | [18] | 7,827 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total First Lien Bank Debt/Senior Secured Loans | |||||
Schedule of Investments [Line Items] | |||||
Cost | 892,195 | 862,886 | |||
Fair Value | 900,038 | 872,944 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total First Lien Life Science Senior Secured Loans | |||||
Schedule of Investments [Line Items] | |||||
Cost | 336,458 | 355,961 | |||
Fair Value | 345,471 | 359,236 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total Senior Secured Loans | |||||
Schedule of Investments [Line Items] | |||||
Cost | 1,278,505 | 1,268,641 | |||
Fair Value | $ 1,291,467 | $ 1,277,539 | |||
Investment, Identifier [Axis]: SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.93% | 6/16/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 550% | |||
Interest Rate | [6],[7] | 10.93% | |||
Cost | [7] | $ 8,902 | |||
Fair Value | [1],[7] | $ 8,902 | |||
Investment, Identifier [Axis]: SunMed Group Holdings, LLC | Health Care Equipment and Supplies | S+550 | 0.75% | 10.96% | 6/16/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 550% | |||
Interest Rate | [9],[10] | 10.96% | |||
Cost | [9] | $ 8,948 | |||
Fair Value | [9],[11] | $ 8,948 | |||
Investment, Identifier [Axis]: The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.59% | 8/15/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.59% | |||
Cost | [7] | $ 3,477 | |||
Fair Value | [1],[7] | $ 3,557 | |||
Investment, Identifier [Axis]: The Townsend Company, LLC | Commercial Services and Supplies | S+625 | 1.00% | 11.61% | 8/15/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 625% | |||
Interest Rate | [9],[10] | 11.61% | |||
Cost | [9] | $ 3,555 | |||
Fair Value | [9],[11] | $ 3,642 | |||
Investment, Identifier [Axis]: Tilley Distribution, Inc | Trading Companies & Distributors | S+600 | 1.00% | 11.49% | 12/31/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 600% | |||
Interest Rate | [6],[7] | 11.49% | |||
Cost | [7] | $ 5,637 | |||
Fair Value | [1],[7] | $ 5,524 | |||
Investment, Identifier [Axis]: Tilley Distribution, Inc | Trading Companies and Distributors | S+600 | 1.00% | 11.50% | 12/31/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 600% | |||
Interest Rate | [9],[10] | 11.50% | |||
Cost | [9] | $ 5,850 | |||
Fair Value | [9],[11] | $ 5,850 | |||
Investment, Identifier [Axis]: UVP Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 9/15/25 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.73% | |||
Cost | [7] | $ 4,791 | |||
Fair Value | [1],[7] | $ 4,736 | |||
Investment, Identifier [Axis]: Ultimate Baked Goods Midco LLC | Packaged Foods & Meats | S+625 | 1.00% | 11.69% | 8/13/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.69% | |||
Cost | [7] | $ 8,909 | |||
Fair Value | [1],[7] | $ 8,864 | |||
Investment, Identifier [Axis]: Ultimate Baked Goods Midco LLC | Packaged Foods and Meats | S+625 | 1.00% | 11.71% | 8/13/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 625% | |||
Interest Rate | [9],[10] | 11.71% | |||
Cost | [9] | $ 8,954 | |||
Fair Value | [9],[11] | $ 8,865 | |||
Investment, Identifier [Axis]: United Digestive MSO Parent, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.80% | 3/30/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 650% | |||
Interest Rate | [6],[7] | 11.80% | |||
Cost | [7] | $ 3,476 | |||
Fair Value | [1],[7] | $ 3,574 | |||
Investment, Identifier [Axis]: United Digestive MSO Parent, LLC | Health Care Providers and Services | S+675 | 1.00% | 12.25% | 3/30/29 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 675% | |||
Interest Rate | [9],[10] | 12.25% | |||
Cost | [9] | $ 3,311 | |||
Fair Value | [9],[11] | $ 3,411 | |||
Investment, Identifier [Axis]: Urology Management Holdings, Inc | Health Care Providers and Services | S+650 | 1.00% | 11.93% | 6/15/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 650% | |||
Interest Rate | [9],[10] | 11.93% | |||
Cost | [9] | $ 3,102 | |||
Fair Value | [9],[11] | $ 3,155 | |||
Investment, Identifier [Axis]: Urology Management Holdings, Inc. | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 6/15/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.73% | |||
Cost | [7] | $ 3,607 | |||
Fair Value | [1],[7] | $ 3,684 | |||
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC | Water Utilities | S+450 | 1.00% | 9.75% | 11/2/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 450% | |||
Interest Rate | [6],[7] | 9.75% | |||
Cost | [7] | $ 4,282 | |||
Fair Value | [1],[7] | $ 4,282 | |||
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC | Water Utilities | S+450 | 1.00% | 9.96% | 11/2/26 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 450% | |||
Interest Rate | [9],[10] | 9.96% | |||
Cost | [9] | $ 4,304 | |||
Fair Value | [9],[11] | $ 4,304 | |||
Investment, Identifier [Axis]: WCI-BXC Purchaser, LLC | Distributors | S+625 | 1.00% | 11.59% | 11/6/30 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5] | 625% | |||
Interest Rate | [6] | 11.59% | |||
Cost | $ 2,820 | ||||
Fair Value | [1] | $ 2,890 | |||
Investment, Identifier [Axis]: West-NR Parent, Inc | Insurance | S+625 | 1.00% | 11.68% | 12/27/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 625% | |||
Interest Rate | [6],[7] | 11.68% | |||
Cost | [7] | $ 6,670 | |||
Fair Value | [1],[7] | $ 6,788 | |||
Investment, Identifier [Axis]: West-NR Parent, Inc | Insurance | S+625 | 1.00% | 11.70% | 12/27/27 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 625% | |||
Interest Rate | [9],[10] | 11.70% | |||
Cost | [9] | $ 6,691 | |||
Fair Value | [9],[11] | $ 6,822 | |||
Investment, Identifier [Axis]: iCIMS, Inc | Software | S+725 | 0.75% | 12.58% | 8/18/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [5],[7] | 725% | |||
Interest Rate | [6],[7] | 12.58% | |||
Cost | [7] | $ 3,109 | |||
Fair Value | [1],[7] | $ 3,150 | |||
Investment, Identifier [Axis]: iCIMS, Inc | Software | S+725 | 0.75% | 12.62% | 8/18/28 | |||||
Schedule of Investments [Line Items] | |||||
Spread Above Index | [8],[9] | 725% | |||
Interest Rate | [9],[10] | 12.62% | |||
Cost | [9] | $ 3,066 | |||
Fair Value | [9],[11] | $ 3,089 | |||
[1] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the 1940 Act. If we fail to invest a sufficient portion of our assets in qualifying assets, we could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of December 31, 2023, on a fair value basis, non-qualifying assets in our portfolio represented 26.6 % of the total assets of the Company. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor. Floating rate debt investments typically bear interest at a rate determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current rate of interest, or in the case of leases the current implied yield, in effect as of December 31, 2023. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of June 30, 2024. The Company also holds this security on its Consolidated Statements of Assets and Liabilities. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. The Company also holds this security on its Consolidated Statements of Assets and Liabilities. Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of December 31, 2023. Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Denotes a Level 1 investment. Non-income producing security. Non-income producing security. Denotes a Level 1 investment. Denotes investments in which we are an “Affiliated Person” but do not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the year ended December 31, 2023 (beginning with the date at which the Company became an Affiliated Person) in these affiliated investments are as follows: Denotes investments in which we are an “Affiliated Person” but do not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the six months ended June 30, 2024 in these affiliated investments are as follows: Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Transactions during the year ended December 31, 2023 in these controlled investments are as follows: Kingsbridge Holdings, LLC is held through KBH Topco LLC, a Delaware corporation. See note 13 to the consolidated financial statements. Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Transactions during the six months ended June 30, 2024 in these controlled investments are as follows Kingsbridge Holdings, LLC is held through KBH Topco LLC, a Delaware corporation. See note 13 to the consolidated financial statements. Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the 1940 Act. If we fail to invest a sufficient portion of our assets in qualifying assets, we could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of June 30, 2024, on a fair value basis, non-qualifying assets in our portfolio represented 26.7 % of the total assets of the Company. See note 15 to the consolidated financial statements. See note 15 to the consolidated financial statements. See note 11 to the consolidated financial statements. See note 11 to the consolidated financial statements. See note 14 to the consolidated financial statements. See note 14 to the consolidated financial statements. See note 17 to the consolidated financial statements. See note 17 to the consolidated financial statements. Through this entity and other intermediate entities, the Company owns approximately 7.3 % of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former Amerimark Interactive, LLC. Through this entity and other intermediate entities, the Company owns approximately 7.3 % of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former Amerimark Interactive, LLC. Aggregate net unrealized appreciation for U.S. federal income tax purposes is $ 2,567 ; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $ 97,678 and $ 95,111 , respectively, based on a tax cost of $ 2,152,199 . Unless otherwise noted, all of the Company’s investments are pledged as collateral against the borrowings outstanding on the Credit Facility (as defined below) (see note 7 to the consolidated financial statements). The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated. Indicates an investment that is wholly held by the Company through NEFPASS LLC. Indicates an investment that is wholly held by the Company through NEFPASS LLC. Floating rate debt investments typically bear interest at a rate determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current rate of interest, or in the case of leases the current implied yield, in effect as of June 30, 2024. Denotes a subsidiary of SLR Equipment Finance. Denotes a subsidiary of SLR Equipment Finance. SLR Equipment Finance is held through NEFCORP LLC, a wholly-owned consolidated taxable subsidiary and NEFPASS LLC, a wholly-owned consolidated subsidiary. See note 12 to the consolidated financial statements. SLR Equipment Finance is held through NEFCORP LLC, a wholly-owned consolidated taxable subsidiary and NEFPASS LLC, a wholly-owned consolidated subsidiary. See note 12 to the consolidated financial statements. The Company’s investment in SOINT, LLC includes a one dollar investment in common shares. The Company’s investment in SOINT, LLC includes a one dollar investment in common shares. Interest is paid in kind (“PIK”). Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor. Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SUNS SPV LLC. Such investments are pledged as collateral under the Senior Secured Revolving SPV Credit Facility (the “SPV Credit Facility”) (see note 7 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company. Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SUNS SPV LLC. Such investments are pledged as collateral under the Senior Secured Revolving SPV Credit Facility (the “SPV Credit Facility”) (see note 7 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company. Interest is paid in kind (“PIK”). Kaseya, Inc. may elect to defer up to 2.50 % of the coupon as PIK. Certain tranches have a spread of S+ 800 PIK and certain tranches have a spread of S+ 850 PIK. Certain tranches have a spread of S+ 650 and certain tranches have a spread of S+ 700 ( 5.00 % PIK/ 2.00 % Cash) Spread is S+ 600 Cash / 1.00 % PIK. iCIMS, Inc. may elect to defer up to 3.875 % of the coupon as PIK. iCIMS, Inc. may elect to defer up to 3.875 % of the coupon as PIK. Certain tranches have a spread of S+ 795 and certain tranches have a spread of S+ 425 . BridgeBio Pharma, Inc. may elect to defer up to 3.00 % of the coupon as PIK. OmniGuide Holdings, Inc., Domain Surgical, Inc. and OmniGuide, Inc. are co-borrowers. OmniGuide Holdings, Inc., Domain Surgical, Inc. and OmniGuide, Inc. are co-borrowers. Vapotherm, Inc. may elect to defer up to 9.00 % of the coupon as PIK. Vapotherm, Inc. may elect to defer up to 7.00 % of the coupon as PIK. On June 17, 2024, Vapotherm, Inc. (OTCQX:VAPO) entered into a definitive merger agreement with a newly-formed entity organized and funded by a health care investment firm, which is expected to close in the second half of 2024 and is subject to customary closing conditions, including receipt of stockholder approval. The Company agreed to convert a portion of its term debt into preferred equity of the newly-formed entity and retain a portion of term debt, concurrently with the closing of this merger. Investment is on non-accrual status. |
Consolidated Schedule of Inve_2
Consolidated Schedule of Investments (Parenthetical) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||||
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | ||||
Percentage representing senior secured loans in investments owned | 130.10% | 129.50% | ||||
Percentage representing equipment financing in investments owned | 21.10% | |||||
Percentage representing preferred equity in investments owned | 0.20% | 0.40% | ||||
Percentage representing common equity or equity interests or warrants owned | 63.80% | 62.50% | ||||
Percentage representing total investments in investments owned | 215.20% | 218.40% | ||||
Percentage representing cash equivalents in investments owned | 27.60% | 33.70% | ||||
Percentage representing investments on securities | 5.29% | |||||
Percentage representing net assets in investments owned | 100% | 100% | ||||
Percentage representing securities investment | 5.33 | |||||
Percentage representing total investments and cash equivalents in investments owned | 242.80% | 252.10% | ||||
Percentage representing liabilities in excess of other assets in investments owned | 142.80% | 152.10% | ||||
Percentage of outstanding voting securities of the investment | 25% | 25% | ||||
Percentage of non-qualifying assets in the portfolio of total assets | 26.70% | 26.60% | ||||
Tax Basis of Investments, Unrealized Appreciation (Depreciation), Net | $ 5,256 | $ 2,567 | ||||
Tax Basis of Investments, Gross, Unrealized Appreciation | 108,161 | 97,678 | ||||
Tax Basis of Investments, Gross, Unrealized Depreciation | 102,905 | 95,111 | ||||
Investment Owned tax costs | 2,131,294 | 2,152,199 | ||||
Investment Company Change in Net Assets | ||||||
Ending balance | [1] | $ 220,803 | ||||
Spread One [Member] | ||||||
Spread Above Index | 795% | |||||
Spread Two [Member] | ||||||
Spread Above Index | 425% | |||||
Spread Three [Member] | ||||||
Spread Above Index | 650% | |||||
Spread Four [Member] | ||||||
Investment interest rate, Paid in kind | 5% | |||||
Spread Above Index | 700% | |||||
Investment, interest rate, paid in cash | 2% | |||||
Spread Five [Member] | ||||||
Investment interest rate, Paid in kind | 1% | |||||
Spread Above Index | 600% | |||||
Spread Six [Member] | ||||||
Investment interest rate, Paid in kind | 800% | |||||
Spread Seven [Member] | ||||||
Investment interest rate, Paid in kind | 850% | |||||
SLR Credit Solutions [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | $ 284,000 | |||||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Net realized gain (loss) | 0 | |||||
Net change in unrealized gain (loss) | 2,250 | |||||
Ending balance | 286,250 | 284,000 | ||||
Interest/ Dividend/ Other Income | 10,000 | |||||
SLR Senior Lending Program LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | [2] | 187,255 | ||||
Ending balance | $ 220,803 | $ 187,255 | [2] | |||
Bridge Bio Pharma, Inc [Member] | ||||||
Investment interest rate, Paid in kind | 3% | |||||
Vapotherm, Inc. [Member] | ||||||
Investment interest rate, Paid in kind | 7% | 9% | ||||
iCIMS, Inc. [Member] | ||||||
Investment interest rate, Paid in kind | 3.875% | 3.875% | ||||
Kaseya Inc [Member] | ||||||
Investment interest rate, Paid in kind | 2.50% | 2.50% | ||||
ASC Holdco LLC [Member] | ||||||
Investment Company Percentage of Holding | 7.30% | 7.30% | ||||
Companies more than 25% owned [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | $ 839,074 | $ 797,594 | $ 797,594 | |||
Gross Additions | 9,387 | 53,982 | ||||
Gross Reductions | 4,093 | (5,456) | ||||
Net realized gain (loss) | 0 | (381) | ||||
Net change in unrealized gain (loss) | (859) | (6,761) | ||||
Ending balance | 843,561 | 839,074 | ||||
Interest/ Dividend/ Other Income | 31,613 | 57,837 | ||||
Companies more than 25% owned [Member] | Equipment Operating Leases LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 3,296 | 3,741 | 3,741 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 243 | (456) | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 6 | (11) | ||||
Ending balance | 3,059 | 3,296 | ||||
Interest/ Dividend/ Other Income | 137 | (304) | ||||
Companies more than 25% owned [Member] | Kingsbridge Holdings, LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 96,000 | 80,000 | 80,000 | |||
Gross Additions | 0 | 16,000 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | (52) | (96) | ||||
Ending balance | 96,000 | 96,000 | ||||
Interest/ Dividend/ Other Income | 6,106 | (10,320) | ||||
Companies more than 25% owned [Member] | BH Topco LLC (Kingsbridge) [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 142,000 | 148,444 | 148,444 | |||
Gross Additions | 4,324 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 748 | (6,444) | ||||
Ending balance | 147,072 | 142,000 | ||||
Interest/ Dividend/ Other Income | 5,362 | (13,125) | ||||
Companies more than 25% owned [Member] | Loyer Capital LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 7,361 | 7,361 | 7,361 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 7,361 | 7,361 | ||||
Interest/ Dividend/ Other Income | 377 | (755) | ||||
Companies more than 25% owned [Member] | RD Holdco Inc Common Equity [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 0 | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 0 | 0 | ||||
Interest/ Dividend/ Other Income | 0 | 0 | ||||
Companies more than 25% owned [Member] | RD Holdco Inc Class B [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 0 | 0 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 0 | 0 | ||||
Interest/ Dividend/ Other Income | 0 | 0 | ||||
Companies more than 25% owned [Member] | RD Holdco Inc Warrants [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 0 | 0 | |||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Net realized gain (loss) | (381) | |||||
Net change in unrealized gain (loss) | 381 | |||||
Ending balance | 0 | |||||
Interest/ Dividend/ Other Income | 0 | |||||
Companies more than 25% owned [Member] | RD Holdco Inc Debt [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 7,827 | 6,521 | 6,521 | |||
Gross Additions | 0 | 506 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 800 | ||||
Ending balance | 7,827 | 7,827 | ||||
Interest/ Dividend/ Other Income | 0 | 0 | ||||
Companies more than 25% owned [Member] | SLR Business Credit [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 90,370 | 89,370 | 89,370 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 1,000 | 1,000 | ||||
Ending balance | 91,370 | 90,370 | ||||
Interest/ Dividend/ Other Income | 3,800 | 7,000 | ||||
Companies more than 25% owned [Member] | SLR Credit Solutions [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 284,000 | 288,760 | 288,760 | |||
Gross Additions | 0 | |||||
Gross Reductions | 0 | |||||
Net realized gain (loss) | 0 | |||||
Net change in unrealized gain (loss) | (4,760) | |||||
Ending balance | 284,000 | |||||
Interest/ Dividend/ Other Income | 20,000 | |||||
Companies more than 25% owned [Member] | SLR Equipment Finance Equity [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 120,820 | 120,820 | 120,820 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | (4,820) | 0 | ||||
Ending balance | 116,000 | 120,820 | ||||
Interest/ Dividend/ Other Income | 0 | 0 | ||||
Companies more than 25% owned [Member] | SLR Equipment Finance Debt [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 3,850 | 5,000 | 5,000 | |||
Gross Additions | 0 | 3,850 | ||||
Gross Reductions | 3,850 | (5,000) | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 0 | 3,850 | ||||
Interest/ Dividend/ Other Income | 24 | 248 | ||||
Companies more than 25% owned [Member] | SLR Healthcare ABL [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 35,850 | 34,350 | 34,350 | |||
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 1,000 | 1,500 | ||||
Ending balance | 36,850 | 35,850 | ||||
Interest/ Dividend/ Other Income | 2,235 | 4,360 | ||||
Companies more than 25% owned [Member] | SLR Senior Lending Program LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 43,899 | 9,426 | 9,426 | |||
Gross Additions | 5,000 | 33,375 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 373 | 1,098 | ||||
Ending balance | 49,272 | 43,899 | ||||
Interest/ Dividend/ Other Income | 3,510 | 1,474 | ||||
Companies more than 25% owned [Member] | SOINT LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 3,801 | 3,801 | 3,801 | |||
Gross Additions | 63 | 251 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | (1,364) | (251) | ||||
Ending balance | 2,500 | 3,801 | ||||
Interest/ Dividend/ Other Income | 62 | 251 | ||||
Companies more than 5% Less Than 25% owned [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 44,250 | 44,909 | [3] | 44,909 | [3] | |
Gross Additions | 1,342 | 19,932 | ||||
Gross Reductions | 351 | (19,207) | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 1 | (1,384) | ||||
Ending balance | 45,242 | 44,250 | ||||
Interest/ Dividend/ Other Income | 1,687 | 2,084 | ||||
Companies more than 5% Less Than 25% owned [Member] | AmeriMark Intermediate Holdings, LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 0 | [3] | 0 | [3] | |
Gross Additions | 1,270 | |||||
Gross Reductions | (1,270) | |||||
Net realized gain (loss) | 0 | |||||
Net change in unrealized gain (loss) | 0 | |||||
Ending balance | 0 | |||||
Interest/ Dividend/ Other Income | 194 | |||||
Companies more than 5% Less Than 25% owned [Member] | Ameri Mark Intermediate Holdings One L L C [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 9,371 | [3] | 9,371 | [3] | |
Gross Additions | 0 | |||||
Gross Reductions | [4] | (17,070) | ||||
Net realized gain (loss) | 0 | |||||
Net change in unrealized gain (loss) | 7,699 | |||||
Ending balance | 0 | |||||
Interest/ Dividend/ Other Income | 0 | |||||
Companies more than 5% Less Than 25% owned [Member] | Bayside Opco L L C [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 0 | 846 | [3] | 846 | [3] | |
Gross Additions | 21 | |||||
Gross Reductions | (867) | |||||
Net realized gain (loss) | 0 | |||||
Net change in unrealized gain (loss) | 0 | |||||
Ending balance | 0 | |||||
Interest/ Dividend/ Other Income | 44 | |||||
Companies more than 5% Less Than 25% owned [Member] | Bayside Opco L L C One [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 19,415 | 18,224 | [3] | 18,224 | [3] | |
Gross Additions | 931 | 1,191 | ||||
Gross Reductions | 351 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 19,995 | 19,415 | ||||
Interest/ Dividend/ Other Income | 1,275 | 1,399 | ||||
Companies more than 5% Less Than 25% owned [Member] | Bayside Parent Llc Loan [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 5,153 | 4,773 | [3] | 4,773 | [3] | |
Gross Additions | 411 | 380 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | 0 | ||||
Ending balance | 5,564 | 5,153 | ||||
Interest/ Dividend/ Other Income | 412 | 447 | ||||
Companies more than 5% Less Than 25% owned [Member] | Bayside Parent Llc Equity [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 3,815 | 4,681 | [3] | 4,681 | [3] | |
Gross Additions | 0 | 0 | ||||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 1 | (866) | ||||
Ending balance | 3,816 | 3,815 | ||||
Interest/ Dividend/ Other Income | 0 | 0 | ||||
Companies more than 5% Less Than 25% owned [Member] | SLR-AMI Topco Blocker, LLC [Member] | ||||||
Investment Company Change in Net Assets | ||||||
Beginning balance | 15,867 | $ 7,014 | [3] | 7,014 | [3] | |
Gross Additions | 0 | 17,070 | [4] | |||
Gross Reductions | 0 | 0 | ||||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | 0 | (8,217) | ||||
Ending balance | 15,867 | 15,867 | ||||
Interest/ Dividend/ Other Income | $ 0 | $ 0 | ||||
[1] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. The Company became an Affiliated Person to Bayside Opco, LLC and Bayside Parent, LLC on May 31, 2023 and to Amerimark Intermediate Holdings, LLC and SLR- AMI Topco Blocker, LLC on June 16, 2023. Includes contribution of basis from Oldco AI, LLC to SLR-AMI Topco Blocker, LLC. |
Consolidated Schedule of Inve_3
Consolidated Schedule of Investments - Industry Classification | Jun. 30, 2024 | Dec. 31, 2023 |
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 100% | 100% |
Diversified Financial Services (includes SLR Credit Solutions, SLR Business Credit and SLR Healthcare ABL) [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 22.80% | 21.90% |
Multi-Sector Holdings (includes Kingsbridge Holdings, LLC, SLR Equipment Finance, Equipment Operating Leases, LLC and Loyer Capital LLC) [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 17.30% | 17.30% |
Health Care Providers & Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 13.30% | 13.20% |
Health Care Equipment & Supplies [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 8.10% | 7.60% |
Pharmaceuticals [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 6.80% | 5.70% |
Biotechnology [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.80% | 3.60% |
Software [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 3.60% | 3.50% |
Insurance [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 3% | 2.90% |
Diversified Consumer Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 2.80% | 2.30% |
Commercial Services & Supplies [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 2.10% | 2.20% |
Asset Management [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 2.30% | 2.10% |
Capital Markets [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 2% | 2% |
Media [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 2.20% | 1.70% |
Thrifts & Mortgage Finance [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.40% | 1.40% |
Personal Products [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.20% | 1.30% |
Packaged Foods & Meats [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.20% | 1.20% |
Auto Parts & Equipment [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.20% | 1.20% |
Road & Rail [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.50% | 1.10% |
Life Sciences Tools & Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 1.10% | 1.10% |
Internet Software & Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.90% | 0.90% |
Internet & Catalog Retail [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.70% | 0.70% |
Transportation Infrastructure [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.70% | 0.70% |
Communications Equipment [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.70% | 0.70% |
Health Care Technology [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | 0.50% |
Trading Companies & Distributors [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.50% | 0.50% |
Hotels, Restaurants & Leisure [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.30% | 0.30% |
Aerospace & Defense [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | 0.30% |
Oil, Gas & Consumable Fuels [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.30% | |
Footwear [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | |
Auto Components [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | 0.20% |
IT Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | |
Food Products [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | 0.20% |
Machinery [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.20% | 0.20% |
Airlines [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | 0.20% |
Distributors [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | |
Metals & Mining [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | 0.10% |
Leisure Equipment & Products [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | 0.10% |
Specialty Retail [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | 0.10% |
Food & Staples Retailing [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | |
Construction & Engineering [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0.10% | 0.10% |
Consumer Finance [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0% | 0% |
Energy Equipment & Services [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0% | 0% |
Water Utilities [Member] | ||
Schedule Of Investments In percentage [Line Items] | ||
Percentage of Total Investments (at fair value) | 0% |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Pay vs Performance Disclosure | ||||
Net Income (Loss) | $ 23,228 | $ 18,995 | $ 51,099 | $ 25,819 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Jun. 30, 2024 | |
Trading Arrangements, by Individual | |
Rule 10b5-1 Arrangement Adopted | false |
Non-Rule 10b5-1 Arrangement Adopted | false |
Rule 10b5-1 Arrangement Terminated | false |
Non-Rule 10b5-1 Arrangement Terminated | false |
Rule 10b5-1 Arrangement Modified | false |
Non-Rule 10b5-1 Arrangement Modified | false |
N-2
N-2 - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | |||||||||||
Jun. 30, 2024 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | ||
Cover [Abstract] | |||||||||||||
Entity Central Index Key | 0001418076 | ||||||||||||
Amendment Flag | false | ||||||||||||
Securities Act File Number | 814-00754 | ||||||||||||
Document Type | 10-Q | ||||||||||||
Entity Registrant Name | SLR INVESTMENT CORP. | ||||||||||||
Entity Address, Address Line One | 500 Park Avenue | ||||||||||||
Entity Address, City or Town | New York | ||||||||||||
Entity Address, State or Province | NY | ||||||||||||
Entity Address, Postal Zip Code | 10022 | ||||||||||||
City Area Code | 212 | ||||||||||||
Local Phone Number | 993-1670 | ||||||||||||
Entity Emerging Growth Company | false | ||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 1,158,850 | $ 390,200 | $ 432,900 | $ 225,000 | $ 1,183,250 | $ 1,093,200 | $ 818,500 | $ 677,000 | $ 593,900 | $ 476,185 | $ 541,600 | |
Senior Securities Coverage per Unit | [2] | $ 1,857 | $ 3,354 | $ 3,039 | $ 5,162 | $ 1,834 | $ 1,915 | $ 2,029 | $ 2,259 | $ 2,525 | $ 2,930 | $ 2,702 | |
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | 0 | 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |
Senior Securities, Note [Text Block] | Senior Securities Information about our senior securities is shown in the following table (in thousands) as of the quarter ended June 30, 2024 and each year ended December 31 for the past ten years, unless otherwise noted. The “—” indicates information which the SEC expressly does not require to be disclosed for certain types of senior securities. Class and Year Total Amount Asset Involuntary Average Credit Facility Fiscal 2024 (through June 30, 2024) $ 401,000 $ 643 — N/A Fiscal 2023 407,000 631 — N/A Fiscal 2022 293,000 513 — N/A Fiscal 2021 222,500 552 — N/A Fiscal 2020 126,000 421 — N/A Fiscal 2019 42,900 182 — N/A Fiscal 2018 96,400 593 — N/A Fiscal 2017 245,600 1,225 — N/A Fiscal 2016 115,200 990 — N/A Fiscal 2015 207,900 1,459 — N/A Fiscal 2014 — — — N/A SPV Credit Facility Fiscal 2024 (through June 30, 2024) 187,850 301 — N/A Fiscal 2023 206,250 320 — N/A Fiscal 2022 155,200 272 — N/A 2022 Unsecured Notes Fiscal 2022 — — — N/A Fiscal 2021 150,000 372 — N/A Fiscal 2020 150,000 501 — N/A Fiscal 2019 150,000 638 — N/A Fiscal 2018 150,000 923 — N/A Fiscal 2017 150,000 748 — N/A Fiscal 2016 50,000 430 — N/A 2022 Tranche C Notes Fiscal 2022 — — — N/A Fiscal 2021 21,000 52 — N/A Fiscal 2020 21,000 70 — N/A Fiscal 2019 21,000 89 — N/A Fiscal 2018 21,000 129 — N/A Fiscal 2017 21,000 105 — N/A 2023 Unsecured Notes Fiscal 2023 — — — N/A Fiscal 2022 75,000 131 — N/A Fiscal 2021 75,000 186 — N/A Fiscal 2020 75,000 250 — N/A Fiscal 2019 75,000 319 — N/A Fiscal 2018 75,000 461 — N/A Fiscal 2017 75,000 374 — N/A 2024 Unsecured Notes Fiscal 2024 (through June 30, 2024) 125,000 200 — N/A Fiscal 2023 125,000 194 — N/A Fiscal 2022 125,000 219 — N/A Fiscal 2021 125,000 309 — N/A Fiscal 2020 125,000 417 — N/A Fiscal 2019 125,000 531 — N/A Class and Year Total Amount Asset Involuntary Average 2025 Unsecured Notes Fiscal 2024 (through June 30, 2024) $ 85,000 $ 136 — N/A Fiscal 2023 85,000 132 — N/A Fiscal 2022 85,000 149 — N/A 2026 Unsecured Notes Fiscal 2024 (through June 30, 2024) 75,000 120 — N/A Fiscal 2023 75,000 116 — N/A Fiscal 2022 75,000 131 — N/A Fiscal 2021 75,000 186 — N/A Fiscal 2020 75,000 250 — N/A Fiscal 2019 75,000 319 — N/A 2027 Unsecured Notes Fiscal 2024 (through June 30, 2024) 50,000 80 — N/A Fiscal 2023 50,000 77 — N/A Fiscal 2022 50,000 88 — N/A Fiscal 2021 50,000 124 — N/A 2027 Series F Unsecured Notes Fiscal 2024 (through June 30, 2024) 135,000 217 — N/A Fiscal 2023 135,000 209 — N/A Fiscal 2022 135,000 237 — N/A 2042 Unsecured Notes Fiscal 2017 — — — N/A Fiscal 2016 100,000 859 — $ 1,002 Fiscal 2015 100,000 702 — 982 Fiscal 2014 100,000 2,294 — 943 Senior Secured Notes Fiscal 2017 — — — N/A Fiscal 2016 75,000 645 — N/A Fiscal 2015 75,000 527 — N/A Fiscal 2014 75,000 1,721 — N/A Term Loans Fiscal 2024 (through June 30, 2024) 100,000 160 — N/A Fiscal 2023 100,000 155 — N/A Fiscal 2022 100,000 175 — N/A Fiscal 2021 100,000 248 — N/A Fiscal 2020 75,000 250 — N/A Fiscal 2019 75,000 319 — N/A Fiscal 2018 50,000 308 — N/A Fiscal 2017 50,000 250 — N/A Fiscal 2016 50,000 430 — N/A Fiscal 2015 50,000 351 — N/A Fiscal 2014 50,000 1,147 — N/A NEFPASS Facility Fiscal 2021 — — — N/A Fiscal 2020 30,000 100 — N/A Fiscal 2019 30,000 128 — N/A Fiscal 2018 30,000 185 — N/A SSLP Facility Fiscal 2019 — — — N/A Fiscal 2018 53,785 331 — N/A Total Senior Securities Fiscal 2024 (through June 30, 2024) $ 1,158,850 $ 1,857 — N/A Fiscal 2023 1,183,250 1,834 — N/A Fiscal 2022 1,093,200 1,915 — N/A Fiscal 2021 818,500 2,029 — N/A Fiscal 2020 677,000 2,259 — N/A Fiscal 2019 593,900 2,525 — N/A Fiscal 2018 476,185 2,930 — N/A Fiscal 2017 541,600 2,702 — N/A Fiscal 2016 390,200 3,354 — N/A Fiscal 2015 432,900 3,039 — N/A Fiscal 2014 225,000 5,162 — N/A (1) Total amount of each class of senior securities outstanding (in thousands) at the end of the period presented. (2) The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by all senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the specific Asset Coverage Per Unit for each class of debt, the total Asset Coverage Per Unit is allocated based on the amount outstanding in each class of debt at the end of the period. As of June 30, 2024, asset coverage was 185.7%. (3) The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. (4) Not applicable except for the 2042 Unsecured Notes which were publicly traded. The Average Market Value Per Unit is calculated by taking the daily average closing price during the period and dividing it by twenty-five dollars per share and multiplying the result by one thousand to determine a unit price per thousand consistent with Asset Coverage Per Unit. The average market value for the fiscal 2016, 2015 and 2014 periods was $100,175, $98,196 and $94,301, respectively. | ||||||||||||
General Description of Registrant [Abstract] | |||||||||||||
Investment Objectives and Practices [Text Block] | Portfolio and Investment Activity During the three months ended June 30, 2024, we invested approximately $92.1 million across 24 portfolio companies. This compares to investing approximately $212.9 million in 44 portfolio companies during the three months ended June 30, 2023. Investments sold, prepaid or repaid during the three months ended June 30, 2024 totaled approximately $93.0 million versus approximately $122.4 million for the three months ended June 30, 2023. At June 30, 2024, our portfolio consisted of 138 portfolio companies and was invested 33.7% in cash flow senior secured loans, 28.9% in asset-based senior secured loans / SLR Credit Solutions (“SLR Credit”) / SLR Healthcare ABL / SLR Business Credit, 21.2% in equipment senior secured financings / SLR Equipment Finance (“SLR Equipment”) / Kingsbridge Holdings, LLC (“KBH”) and 16.2% in life science senior secured loans, in each case, measured at fair value, versus 156 portfolio companies invested 33.7% in cash flow senior secured loans, 27.8% in asset-based senior secured loans / SLR Credit / SLR Healthcare ABL / SLR Business Credit, 22.9% in equipment senior secured financings / SLR Equipment / KBH, and 15.6% in life science senior secured loans, in each case, measured at fair value, at June 30, 2023. At June 30, 2024, 82.7%, or $1.74 billion, of our income producing investment portfolio * was floating rate and 17.3%, or $365.0 million, was fixed rate, measured at fair value. At June 30, 2023, 78.0%, or $1.68 billion, of our income producing investment portfolio * was floating rate and 22.0%, or $473.9 million, was fixed rate, measured at fair value. As of June 30, 2024 and 2023, we had one and three issuers, respectively, on non-accrual status. * We have included SLR Credit Solutions, SLR Equipment Finance, SLR Healthcare ABL, SLR Business Credit and Kingsbridge Holdings, LLC within our income producing investment portfolio. | ||||||||||||
Risk Factors [Table Text Block] | Item 1A. Ris k Factors In addition to the other information set forth in this report, you should carefully consider the factors discussed in “Risk Factors” in the February 27, 2024 filing of our Annual Report on Form 10-K (the “Annual Report”) , which could materially affect our business, financial condition and/or operating results. The risks described in our Annual Report are not the only risks facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially and adversely affect our business, financial condition and/or operating results. There have been no material changes during the period ended June 30, 2024 to the risk factors discussed in “Risk Factors” in the February 27, 2024 filing of our Annual Report on Form 10-K. | ||||||||||||
NAV Per Share | $ 18.2 | $ 18.09 | $ 17.98 | $ 18.33 | |||||||||
Credit Facility [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 401,000 | $ 115,200 | $ 207,900 | $ 0 | $ 407,000 | $ 293,000 | $ 222,500 | $ 126,000 | $ 42,900 | $ 96,400 | $ 245,600 | |
Senior Securities Coverage per Unit | [2] | $ 643 | $ 990 | $ 1,459 | $ 0 | $ 631 | $ 513 | $ 552 | $ 421 | $ 182 | $ 593 | $ 1,225 | |
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |
SPV Credit Facility [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 187,850 | $ 206,250 | $ 155,200 | |||||||||
Senior Securities Coverage per Unit | [2] | $ 301 | $ 320 | $ 272 | |||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | |||||||||
2022 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 50,000 | $ 0 | $ 150,000 | $ 150,000 | $ 150,000 | $ 150,000 | $ 150,000 | |||||
Senior Securities Coverage per Unit | [2] | $ 430 | $ 0 | $ 372 | $ 501 | $ 638 | $ 923 | $ 748 | |||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||
2022 Tranche C Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 0 | $ 21,000 | $ 21,000 | $ 21,000 | $ 21,000 | $ 21,000 | ||||||
Senior Securities Coverage per Unit | [2] | $ 0 | $ 52 | $ 70 | $ 89 | $ 129 | $ 105 | ||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||||||
2023 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 0 | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | |||||
Senior Securities Coverage per Unit | [2] | $ 0 | $ 131 | $ 186 | $ 250 | $ 319 | $ 461 | $ 374 | |||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |||||
2024 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 125,000 | $ 125,000 | $ 125,000 | $ 125,000 | $ 125,000 | $ 125,000 | ||||||
Senior Securities Coverage per Unit | [2] | $ 200 | $ 194 | $ 219 | $ 309 | $ 417 | $ 531 | ||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||||||
2025 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 85,000 | $ 85,000 | $ 85,000 | |||||||||
Senior Securities Coverage per Unit | [2] | $ 136 | $ 132 | $ 149 | |||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | |||||||||
2026 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | $ 75,000 | ||||||
Senior Securities Coverage per Unit | [2] | $ 120 | $ 116 | $ 131 | $ 186 | $ 250 | $ 319 | ||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | ||||||
2027 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 50,000 | $ 50,000 | $ 50,000 | $ 50,000 | ||||||||
Senior Securities Coverage per Unit | [2] | $ 80 | $ 77 | $ 88 | $ 124 | ||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||
2027 Series F Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 135,000 | $ 135,000 | $ 135,000 | |||||||||
Senior Securities Coverage per Unit | [2] | $ 217 | $ 209 | $ 237 | |||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | |||||||||
2042 Unsecured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 100,000 | $ 100,000 | $ 100,000 | $ 0 | ||||||||
Senior Securities Coverage per Unit | [2] | $ 859 | $ 702 | $ 2,294 | $ 0 | ||||||||
Preferred Stock Liquidating Preference | [3] | 0 | 0 | 0 | $ 0 | ||||||||
Senior Securities Average Market Value per Unit | [4] | $ 1,002 | $ 982 | $ 943 | |||||||||
Senior Secured Notes [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 75,000 | $ 75,000 | $ 75,000 | $ 0 | ||||||||
Senior Securities Coverage per Unit | [2] | $ 645 | $ 527 | $ 1,721 | $ 0 | ||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||
Term Loans [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 100,000 | $ 50,000 | $ 50,000 | $ 50,000 | $ 100,000 | $ 100,000 | $ 100,000 | $ 75,000 | $ 75,000 | $ 50,000 | $ 50,000 | |
Senior Securities Coverage per Unit | [2] | $ 160 | $ 430 | $ 351 | $ 1,147 | $ 155 | $ 175 | $ 248 | $ 250 | $ 319 | $ 308 | $ 250 | |
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | |
NEFPASS Facility [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 0 | $ 30,000 | $ 30,000 | $ 30,000 | ||||||||
Senior Securities Coverage per Unit | [2] | $ 0 | $ 100 | $ 128 | $ 185 | ||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | $ 0 | $ 0 | ||||||||
SSLP Facility [Member] | |||||||||||||
Financial Highlights [Abstract] | |||||||||||||
Senior Securities Amount | [1] | $ 0 | $ 53,785 | ||||||||||
Senior Securities Coverage per Unit | [2] | $ 0 | $ 331 | ||||||||||
Preferred Stock Liquidating Preference | [3] | $ 0 | $ 0 | ||||||||||
[1] Total amount of each class of senior securities outstanding (in thousands) at the end of the period presented. The asset coverage ratio for a class of senior securities representing indebtedness is calculated as our consolidated total assets, less all liabilities and indebtedness not represented by senior securities, divided by all senior securities representing indebtedness. This asset coverage ratio is multiplied by one thousand to determine the Asset Coverage Per Unit. In order to determine the specific Asset Coverage Per Unit for each class of debt, the total Asset Coverage Per Unit is allocated based on the amount outstanding in each class of debt at the end of the period. As of June 30, 2024, asset coverage was 185.7%. The amount to which such class of senior security would be entitled upon the involuntary liquidation of the issuer in preference to any security junior to it. Not applicable except for the 2042 Unsecured Notes which were publicly traded. The Average Market Value Per Unit is calculated by taking the daily average closing price during the period and dividing it by twenty-five dollars per share and multiplying the result by one thousand to determine a unit price per thousand consistent with Asset Coverage Per Unit. The average market value for the fiscal 2016, 2015 and 2014 periods was $100,175, $98,196 and $94,301, respectively. |
Organization
Organization | 6 Months Ended |
Jun. 30, 2024 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Organization | Note 1. Organization SLR Investment Corp. (the “Company”, “SLRC”, “we”, “us” or “our”), a Maryland corporation formed in November 2007, is an externally managed, non-diversified closed-end management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended (the “1940 Act”). Furthermore, as the Company is an investment company, it continues to apply the guidance in the Financial Accounting Standards Board Accounting Standards Codification (“ASC”) Topic 946. In addition, for U.S. federal income tax purposes, the Company has elected to be treated, and intends to qualify annually, as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). On February 9, 2010, the Company priced its initial public offering, selling 5.68 million shares of common stock, including the underwriters’ over-allotment, at a price of $ 18.50 per share. Concurrent with this offering, the Company’s senior management purchased an additional 600,000 shares through a private placement, also at $ 18.50 per share. The Company’s investment objective is to maximize both current income and capital appreciation through debt and equity investments. The Company directly and indirectly invests primarily in leveraged middle market companies in the form of senior secured loans, financing leases and, to a lesser extent, unsecured loans and equity securities. From time to time, we may also invest in public companies that are thinly traded. On April 1, 2022, we acquired SLR Senior Investment Corp., a Maryland corporation (“SUNS”), pursuant to that certain Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 1, 2021, by and among us, SUNS, Solstice Merger Sub, Inc., a Maryland corporation and our wholly-owned subsidiary (“Merger Sub”), and, solely for the limited purposes set forth therein, SLR Capital Partners, LLC (the “Investment Adviser”). Pursuant to the Merger Agreement, Merger Sub merged with and into SUNS, with SUNS continuing as the surviving company and as SUNS’s wholly-owned subsidiary (the “Merger”) and, immediately thereafter, SUNS merged with and into us, with us continuing as the surviving company (together with the Merger, the “Mergers”). In accordance with the terms of the Merger Agreement, at the effective time of the Merger, each outstanding share of SUNS’s common stock was converted into the right to receive 0.7796 shares of our common stock (with SUNS’s stockholders receiving cash in lieu of fractional shares of our common stock). As a result of the Mergers, we issued an aggregate of 12,511,825 shares of our common stock to former SUNS stockholders. |
Significant Accounting Policies
Significant Accounting Policies | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Significant Accounting Policies | Note 2. Significant Accounting Policies The accompanying consolidated financial statements have been prepared on the accrual basis of accounting in conformity with U.S. generally accepted accounting principles (“GAAP”), and include the accounts of the Company and certain wholly-owned subsidiaries. The consolidated financial statements reflect all adjustments and reclassifications which, in the opinion of management, are necessary for the fair presentation of the results of the operations and financial condition for the periods presented. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts may have been reclassified to conform to the current period presentation. Interim consolidated financial statements are prepared in accordance with GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Regulation S-X, as appropriate. Accordingly, they may not include all of the information and notes required by GAAP for annual consolidated financial statements. GAAP requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the consolidated financial statements and the reported amounts of income and expenses during the reported periods. Changes in the economic environment, financial markets and any other parameters used in determining these estimates could cause actual results to differ materially. The current period’s results of operations will not necessarily be indicative of results that ultimately may be achieved for the fiscal year ending on December 31, 2024. In the opinion of management, all adjustments, which are of a normal recurring nature, considered necessary for the fair presentation of consolidated financial statements, have been included. The significant accounting policies consistently followed by the Company are: (a) Investment transactions are accounted for on the trade date; (b) Under procedures established by the board of directors (the “Board”), we value investments, including certain senior secured debt, subordinated debt and other debt securities with maturities greater than 60 days, for which market quotations are readily available and deemed to represent fair value under GAAP, at such market quotations (unless they are deemed not to represent fair value). A market quotation is readily available for a security only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Company can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. If the Company anticipates using a market quotation for a security, it will also monitor for circumstances that may necessitate the use of fair value, such as significant events that may cause concern over the reliability of a market quotation. We attempt to obtain market quotations from at least two brokers or dealers (if available, otherwise from a principal market maker or a primary market dealer or other independent pricing service). We utilize mid-market pricing as a practical expedient for fair value unless a different point within the range is more representative. If and when market quotations are deemed not to represent fair value, we may utilize independent third-party valuation firms to assist us in determining the fair value of material assets. Accordingly, such investments go through our multi-step valuation process as described below. In each such case, independent valuation firms, that may from time to time be engaged by the Board, consider observable market inputs together with significant unobservable inputs in arriving at their valuation recommendations. Debt investments with maturities of 60 days or less shall each be valued at cost plus accreted discount, or minus amortized premium, which is expected to approximate fair value, unless such valuation, in the judgment of the Investment Adviser, does not represent fair value, in which case such investments shall be valued at fair value as determined in good faith by or under the direction of the Board. Investments that are not publicly traded or whose market quotations are not readily available are valued at fair value as determined in good faith by or under the direction of the Board. Such determination of fair values involves subjective judgments and estimates. With respect to investments for which market quotations are not readily available or when such market quotations are deemed not to represent fair value under GAAP, the Board has approved a multi-step valuation process each quarter, as described below: (1) our quarterly valuation process begins with each portfolio company or investment being initially valued by the investment professionals of the Investment Adviser responsible for the portfolio investment; (2) preliminary valuation conclusions are then documented and discussed with senior management of the Investment Adviser; (3) independent valuation firms engaged by the Board conduct independent appraisals and review the Investment Adviser’s preliminary valuations and make their own independent assessment for all material assets; (4) the audit committee of the Board reviews the preliminary valuation of the Investment Adviser and that of the independent valuation firm and responds to the valuation recommendation of the independent valuation firm, if any, to reflect any comments; and (5) the Board discusses valuations and determines the fair value of each investment in our portfolio in good faith based on the input of the Investment Adviser, the respective independent valuation firm, if any, and the audit committee. The valuation principles set forth above may be modified from time to time, in whole or in part, as determined by the Board in its sole discretion. The Board will also (1) periodically assess and manage valuation risks; (2) establish and apply fair value methodologies; (3) test fair value methodologies; (4) oversee and evaluate third-party pricing services, as applicable; (5) oversee the reporting required by Rule 2a-5 under the 1940 Act; and (6) maintain recordkeeping requirements under Rule 2a-5. Investments in all asset classes are valued utilizing a market approach, an income approach, or both approaches, as appropriate. However, in accordance with ASC 820-10, certain investments that qualify as investment companies in accordance with ASC 946 may be valued using net asset value as a practical expedient for fair value. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities (including a business). The income approach uses valuation approaches to convert future amounts (for example, cash flows or earnings) to a single present amount (discounted). The measurement is based on the value indicated by current market expectations about those future amounts. In following these approaches, the types of factors that we may take into account in fair value pricing our investments include, as relevant: available current market data, including relevant and applicable market trading and transaction comparables, applicable market yields and multiples, security covenants, call protection provisions, the nature and realizable value of any collateral, the portfolio company’s ability to make payments, its earnings and discounted cash flows, the markets in which the portfolio company does business, comparisons of financial ratios of peer companies that are public, M&A comparables, our principal market (as the reporting entity) and enterprise values, among other factors. When available, broker quotations and/or quotations provided by pricing services are considered as an input in the valuation process. For the six months ended June 30, 2024, there has been no change to the Company’s valuation approaches or techniques and the nature of the related inputs considered in the valuation process. ASC Topic 820 classifies the inputs used to measure these fair values into the following hierarchy: Level 1 : Unadjusted quoted prices in active markets for identical assets or liabilities, accessible by the Company at the measurement date. Level 2 : Quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in markets that are not active, or other observable inputs other than quoted prices. Level 3 : Unobservable inputs for the asset or liability. In all cases, the level in the fair value hierarchy within which the fair value measurement in its entirety falls is determined based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to each investment. The exercise of judgment is based in part on our knowledge of the asset class and our prior experience. (c) Gains or losses on investments are calculated by using the specific identification method. (d) The Company records dividend income and interest, adjusted for amortization of premium and accretion of discount, on an accrual basis. Loan origination fees, original issue discount, and market discounts are capitalized and we amortize such amounts into income using the effective interest method. Upon the prepayment of a loan, any unamortized loan origination fees are recorded as interest income. We record call premiums received on loans repaid as interest income when we receive such amounts. Capital structuring fees, amendment fees, consent fees, and any other non-recurring fee income as well as a management fee and other fee income for services rendered, if any, are recorded as other income when earned. (e) The Company intends to comply with the applicable provisions of the Code pertaining to regulated investment companies to make distributions of taxable income sufficient to relieve it of substantially all U.S. federal income taxes. The Company, at its discretion, may carry forward taxable income in excess of calendar year distributions and pay a 4 % excise tax on this income. The Company will accrue excise tax on such estimated excess taxable income as appropriate. (f) Book and tax basis differences relating to stockholder distributions and other permanent book and tax differences are typically reclassified among the Company’s capital accounts annually. In addition, the character of income and gains to be distributed is determined in accordance with income tax regulations that may differ from GAAP. (g) Distributions to common stockholders are recorded as of the record date. The amount to be paid out as a distribution is determined by the Board. Net realized capital gains, if any, are generally distributed or deemed distributed at least annually. (h) In accordance with Regulation S-X and ASC Topic 810— Consolidation , the Company consolidates its interest in controlled investment company subsidiaries, financing subsidiaries and certain wholly-owned holding companies that serve to facilitate investment in portfolio companies. In addition, the Company may also consolidate any controlled operating companies substantially all of whose business consists of providing services to the Company. (i) The accounting records of the Company are maintained in U.S. dollars. Any assets and liabilities denominated in foreign currencies are translated into U.S. dollars based on the rate of exchange of such currencies against U.S. dollars on the date of valuation. The Company will not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations would be included with the net unrealized gain or loss from investments. The Company’s investments in foreign securities, if any, may involve certain risks, including without limitation: foreign exchange restrictions, expropriation, taxation or other political, social or economic risks, all of which could affect the market and/or credit risk of the investment. In addition, changes in the relationship of foreign currencies to the U.S. dollar can significantly affect the value of these investments in terms of U.S. dollars and therefore the earnings of the Company. (j) In accordance with ASC 835-30, the Company reports origination and other expenses related to certain debt issuances as a direct deduction from the carrying amount of the debt liability. Applicable expenses are deferred and amortized using either the effective interest method or the straight-line method over the stated life. The straight-line method may be used on revolving facilities and/or when it approximates the effective yield method. (k) The Company may enter into forward exchange contracts in order to hedge against foreign currency risk. These contracts are marked-to-market by recognizing the difference between the contract exchange rate and the current market rate as unrealized appreciation or depreciation. Realized gains or losses are recognized when contracts are settled. (l) The Company records expenses related to shelf registration statements and applicable equity offering costs as prepaid assets. These expenses are typically charged as a reduction of capital upon the sale of shares or expensed, in accordance with ASC 946-20-25. (m) Investments that are expected to pay regularly scheduled interest in cash are generally placed on non-accrual status when principal or interest cash payments are past due 30 days or more ( 90 days or more for equipment financing) and/or when it is no longer probable that principal or interest cash payments will be collected. Such non-accrual investments are restored to accrual status if past due principal and interest are paid in cash, and in management’s judgment, are likely to continue timely payment of their remaining principal and interest obligations. Cash interest payments received on such investments may be recognized as income or applied to principal depending on management’s judgment. (n) The Company defines cash equivalents as securities that are readily convertible into known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only securities with a maturity of three months or less would qualify, with limited exceptions. The Company believes that certain U.S. Treasury bills, repurchase agreements and other high-quality, short-term debt securities would qualify as cash equivalents. Recent Accounting Pronouncements The Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements. |
Agreements
Agreements | 6 Months Ended |
Jun. 30, 2024 | |
Agreements [Abstract] | |
Agreements | Note 3. Agreements The Company has an investment advisory and management agreement (the “Advisory Agreement”) with the Investment Adviser, under which the Investment Adviser manages the day-to-day operations of, and provides investment advisory services to, the Company. For providing these services, the Investment Adviser receives a fee from the Company, consisting of two components—a base management fee and a performance-based incentive fee. On April 1, 2022, in connection with the consummation of the Mergers, we entered into a letter agreement (the “Letter Agreement”) pursuant to which the Investment Adviser voluntarily agreed to a permanent 25 basis point reduction of the annual base management fee rate payable by us to the Investment Adviser pursuant to the Advisory Agreement. Following the Letter Agreement, the base management fee is now determined by taking the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters calculated at an annual rate of 1.50 % on gross assets up to 200 % of the Company’s total net assets as of the immediately preceding quarter end and 1.00 % on gross assets that exceed 200 % of the Company’s total net assets as of the immediately preceding quarter end. For purposes of computing the base management fee, gross assets exclude temporary assets acquired at the end of each fiscal quarter for purposes of preserving investment flexibility in the next fiscal quarter. Temporary assets include, but are not limited to, U.S. Treasury bills, other short-term U.S. government or government agency securities, repurchase agreements or cash borrowings. The performance-based incentive fee has two parts, as follows: one part is calculated and payable quarterly in arrears based on the Company’s pre-incentive fee net investment income for the immediately preceding calendar quarter. For this purpose, pre-incentive fee net investment income means interest income, dividend income and any other income (including any other fees (other than fees for providing managerial assistance), such as commitment, origination, structuring, diligence and consulting fees or other fees that we receive from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, any expenses payable under the Administration Agreement (as defined below), and any interest expense and distributions paid on any issued and outstanding preferred stock, but excluding the performance-based incentive fee). Pre-incentive fee net investment income does not include any realized capital gains or losses, or unrealized capital appreciation or depreciation. Pre-incentive fee net investment income, expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding calendar quarter, is compared to the hurdle rate of 1.75 % per quarter ( 7 % annualized). The Company pays the Investment Adviser a performance-based incentive fee with respect to the Company’s pre-incentive fee net investment income in each calendar quarter as follows: (1) no performance-based incentive fee in any calendar quarter in which the Company’s pre-incentive fee net investment income does not exceed the hurdle rate; (2) 100 % of the Company’s pre-incentive fee net investment income with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 2.1875% in any calendar quarter; and (3) 20 % of the amount of the Company’s pre-incentive fee net investment income, if any, that exceeds 2.1875% in any calendar quarter. These calculations are appropriately pro-rated for any period of less than three months. The second part of the performance-based incentive fee is determined and payable in arrears as of the end of each calendar year (or upon termination of the Advisory Agreement, as of the termination date), and equals 20 % of the Company’s cumulative realized capital gains less cumulative realized capital losses, unrealized capital depreciation (unrealized depreciation on a gross investment-by-investment basis at the end of each calendar year) and all net capital gains upon which prior performance-based capital gains incentive fee payments were previously made to the Investment Adviser. For financial statement purposes, the second part of the performance-based incentive fee is accrued based upon 20 % of cumulative net realized gains and net unrealized capital appreciation. No accrual was required for the three and six months ended June 30, 2024 and 2023. For the three and six months ended June 30, 2024, the Company recognized $ 7,875 and $ 15,757 , respectively, in base management fees and $ 6,068 and $ 12,020 , respectively, in performance-based incentive fees. For the three and six months ended June 30, 2024, $ 44 and $ 90 , respectively, of such performance-based incentive fees were waived. For the three and six months ended June 30, 2023, the Company recognized $ 7,878 and $ 15,584 , respectively, in base management fees and $ 5,638 and $ 11,147 , respectively, in performance-based incentive fees. For the three and six months ended June 30, 2023, $ 125 and $ 235 , respectively, of such performance-based incentive fees were waived. The Investment Adviser has agreed to waive incentive fees resulting from income earned due to the accretion of purchase discounts allocated to investments acquired as a result of the Mergers. Fees waived pursuant to the above are not subject to recoupment by the Investment Adviser. The Company has also entered into an administration agreement (the “Administration Agreement”) with SLR Capital Management, LLC (the “Administrator”) under which the Administrator provides administrative services to the Company. For providing these services, facilities and personnel, the Company reimburses the Administrator for the Company’s allocable portion of overhead and other expenses incurred by the Administrator in performing its obligations under the Administration Agreement, including rent. The Administrator will also provide, on the Company’s behalf, managerial assistance to those portfolio companies to which the Company is required to provide such assistance. The Company typically reimburses the Administrator on a quarterly basis. For the three and six months ended June 30, 2024, the Company recognized expenses under the Administration Agreement of $ 1,376 and $ 2,752 , respectively. No managerial assistance fees were accrued or collected for the three and six months ended June 30, 2024. For the three and six months ended June 30, 2023, the Company recognized expenses under the Administration Agreement of $ 1,480 and $ 2,988 , respectively. No managerial assistance fees were accrued or collected for the three and six months ended June 30, 2023. |
Net Asset Value Per Share
Net Asset Value Per Share | 6 Months Ended |
Jun. 30, 2024 | |
Net Asset Value Per Share [Abstract] | |
Net Asset Value Per Share | Note 4. Net Asset Value Per Share At June 30, 2024, the Company’s total net assets and net asset value per share were $ 993,003 and $ 18.20 , respectively. This compares to total net assets and net asset value per share at December 31, 2023 of $ 986,639 and $ 18.09 , respectively. |
Earnings Per Share
Earnings Per Share | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Note 5. Earnings Per Share The following table sets forth the computation of basic and diluted net increase in net assets per share resulting from operations, pursuant to ASC 260-10, for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Earnings per share (basic & diluted) Numerator - net increase in net assets resulting from $ 23,228 $ 18,995 $ 51,099 $ 25,819 Denominator - weighted average shares: 54,554,634 55,554,634 54,554,634 54,554,642 Earnings per share: $ 0.43 $ 0.35 $ 0.94 $ 0.47 |
Fair Value
Fair Value | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Fair Value | Note 6. Fair Value Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. GAAP establishes a framework for measuring fair value that includes a hierarchy used to classify the inputs used in measuring fair value. The hierarchy prioritizes the inputs to valuations used to measure fair value into three levels. The level in the fair value hierarchy within which the fair value measurement falls is determined based on the lowest level input that is significant to the fair value measurement. The levels of the fair value hierarchy are as follows: Level 1. Financial assets and liabilities whose values are based on unadjusted quoted prices for identical assets or liabilities in an active market that the Company has the ability to access. Level 2. Financial assets and liabilities whose values are based on quoted prices in markets that are not active or model inputs that are observable either directly or indirectly for substantially the full term of the asset or liability. Level 2 inputs include the following: a) Quoted prices for similar assets or liabilities in active markets; b) Quoted prices for identical or similar assets or liabilities in non-active markets; c) Pricing models whose inputs are observable for substantially the full term of the asset or liability; and d) Pricing models whose inputs are derived principally from or corroborated by observable market data through correlation or other means for substantially the full term of the asset or liability. Level 3. Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. These inputs reflect management’s and, if applicable, an independent third-party valuation firm’s own assumptions about the assumptions a market participant would use in pricing the asset or liability. When the inputs used to measure fair value fall within different levels of the hierarchy, the level within which the fair value measurement is categorized is based on the lowest level input that is significant to the fair value measurement in its entirety. For example, a Level 3 fair value measurement may include inputs that are observable (Levels 1 and 2) and unobservable (Level 3). Gains and losses for assets and liabilities categorized within the Level 3 table below may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable inputs (Level 3). A review of fair value hierarchy classifications is conducted on a quarterly basis. Changes in the observability of valuation inputs may result in a reclassification for certain financial assets or liabilities. Such reclassifications involving Level 3 assets and liabilities are reported as transfers in/out of Level 3 as of the end of the quarter in which the reclassifications occur. Within the fair value hierarchy tables below, cash and cash equivalents are excluded but could be classified as Level 1. The following tables present the balances of assets measured at fair value on a recurring basis, as of June 30, 2024 and December 31, 2023: Fair Value Measurements As of June 30, 2024 Level 1 Level 2 Level 3 Measured at Total Assets: Senior Secured Loans $ — $ — $ 1,291,467 $ — $ 1,291,467 Equipment Financing — — 209,457 — 209,457 Preferred Equity — — 2,500 — 2,500 Common Equity/Equity Interests/Warrants 203 — 583,651 49,272 633,126 Total Investments $ 203 $ — $ 2,087,075 $ 49,272 $ 2,136,550 Fair Value Measurements As of December 31, 2023 Level 1 Level 2 Level 3 Measured at Total Assets: Senior Secured Loans $ — $ — $ 1,277,539 $ — $ 1,277,539 Equipment Financing — — 256,819 — 256,819 Preferred Equity — — 3,801 — 3,801 Common Equity/Equity Interests/Warrants 281 — 572,427 43,899 616,607 Total Investments $ 281 $ — $ 2,110,586 $ 43,899 $ 2,154,766 * In accordance with ASC 820-10, certain investments that are measured using the net asset value per share (or its equivalent) as a practical expedient for fair value have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. The portfolio investment in this category is SSLP (as defined below). See Note 17 for more information on this investment, including its investment strategy and the Company’s unfunded equity commitment to SSLP. This investment is not redeemable by the Company absent an election by the members of the entity to liquidate all investments and distribute the proceeds to the members. The following tables provide a summary of the changes in fair value of Level 3 assets for the three and six months ended June 30, 2024, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets still held at June 30, 2024: Fair Value Measurements Using Level 3 Inputs Senior Equipment Preferred Equity Common Total Fair value, March 31, 2024 $ 1,263,015 $ 239,339 $ 2,500 $ 579,566 $ 2,084,420 Total gains or losses included in earnings: Net realized gain (loss) 185 — — ( 19 ) 166 Net change in unrealized gain (loss) 620 ( 3,106 ) — 1,334 ( 1,152 ) Purchase of investment securities* 93,794 62 — 2,770 96,626 Proceeds from dispositions of investment securities ( 66,147 ) ( 26,838 ) — — ( 92,985 ) Transfers in/out of Level 3 — — — — — Fair value, June 30, 2024 $ 1,291,467 $ 209,457 $ 2,500 $ 583,651 $ 2,087,075 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 865 $ ( 3,106 ) $ — $ 1,334 $ ( 907 ) Senior Equipment Preferred Equity Common Total Fair value, December 31, 2023 $ 1,277,539 $ 256,819 $ 3,801 $ 572,427 $ 2,110,586 Total gains or losses included in earnings: Net realized gain (loss) 409 — — ( 19 ) 390 Net change in unrealized gain (loss) 4,066 ( 4,446 ) ( 1,364 ) 4,139 2,395 Purchase of investment securities* 189,779 7 63 7,104 196,953 Proceeds from dispositions of investment securities ( 180,326 ) ( 42,923 ) — — ( 223,249 ) Transfers in/out of Level 3 — — — — — Fair value, June 30, 2024 $ 1,291,467 $ 209,457 $ 2,500 $ 583,651 $ 2,087,075 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 4,994 $ ( 4,446 ) $ ( 1,364 ) $ 4,139 $ 3,323 * Includes PIK capitalization and accretion of discount. While the Company has not made an election to apply the fair value option of accounting to any of its current debt obligations, if the Company’s debt obligations were carried at fair value at June 30, 2024, the fair value of the Credit Facility, SPV Credit Facility, 2024 Unsecured Notes, 2025 Unsecured Notes, 2026 Unsecured Notes, 2027 Unsecured Notes and 2027 Series F Unsecured Notes (each as defined below) would be $ 501,000 , $ 187,850 , $ 123,938 , $ 83,640 , $ 72,000 , $ 46,125 and $ 126,225 , respectively. All debt obligations would be considered Level 3 liabilities and would be valued with market yield as the unobservable input. The following table provides a summary of the changes in fair value of Level 3 assets for the year ended December 31, 2023, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets still held at December 31, 2023: Fair Value Measurements Using Level 3 Inputs Senior Equipment Preferred Common Total Fair value, December 31, 2022 $ 1,245,414 $ 265,952 $ 3,801 $ 561,600 $ 2,076,767 Total gains or losses included in earnings: Net realized loss ( 26,108 ) — — ( 451 ) ( 26,559 ) Net change in unrealized gain (loss) 36,436 234 ( 251 ) ( 24,985 ) 11,434 Purchase of investment securities* 729,964 35,585 251 36,314 802,114 Proceeds from dispositions of investment securities ( 708,167 ) ( 44,952 ) — ( 51 ) ( 753,170 ) Transfers in/out of Level 3 — — — — — Fair value, December 31, 2023 $ 1,277,539 $ 256,819 $ 3,801 $ 572,427 $ 2,110,586 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 31,484 $ 234 $ ( 251 ) $ ( 24,985 ) $ 6,482 * Includes PIK capitalization and accretion of discount While the Company has not made an election to apply the fair value option of accounting to any of its current debt obligations, if the Company’s debt obligations were carried at fair value at December 31, 2023, the fair value of the Credit Facility, SPV Credit Facility, 2024 Unsecured Notes, 2025 Unsecured Notes, 2026 Unsecured Notes, 2027 Unsecured Notes and 2027 Series F Unsecured Notes would be $ 507,000 , $ 206,250 , $ 122,813 , $ 82,663 , $ 71,438 , $ 45,500 and $ 124,875 , respectively. All debt obligations would be considered Level 3 liabilities and would be valued with market yield as the unobservable input. Quantitative Information about Level 3 Fair Value Measurements The Company typically determines the fair value of its performing debt investments utilizing a yield analysis. In a yield analysis, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to current contractual interest rates, relative maturities and other key terms and risks associated with an investment. Among other factors, a significant determinant of risk is the amount of leverage used by the portfolio company relative to the total enterprise value of the company, and the rights and remedies of our investment within each portfolio company. Significant unobservable quantitative inputs typically used in the fair value measurement of the Company’s Level 3 assets and liabilities primarily reflect current market yields, including indices, and readily available quotes from brokers, dealers, and pricing services as indicated by comparable assets and liabilities, as well as enterprise values, returns on equity and earnings before income taxes, depreciation and amortization (“EBITDA”) multiples of similar companies, and comparable market transactions for equity securities. Quantitative information about the Company’s Level 3 asset and liability fair value measurements as of June 30, 2024 is summarized in the table below: Asset or Fair Value at Principal Valuation Unobservable Range (Weighted Senior Secured Loans Asset $ 1,283,640 Income Approach Market Yield 10.3 % – 28.9 % ( 13.2 %) $ 7,827 Recovery Analysis Recoverable Amount N/A Equipment Financing Asset $ 93,457 Income Approach Market Yield 9.5 % – 9.5 % ( 9.5 %) $ 116,000 Market Multiple (1) Comparable Multiple 1.2 x – 1.5 x ( 1.5 x) Preferred Equity Asset $ 2,500 Income Approach Market Yield N/A Common Equity/Equity Asset $ 169,181 Market Multiple (2) Comparable Multiple 5.5 x – 11.3 x ( 8.9 x) $ 414,470 Market Approach Return on Equity 2.9 % – 24.7 % ( 11.6 %) (1) Includes $ 116,000 of investments valued using an implied multiple. (2) Includes $ 386 of investments valued using a Black-Scholes model and $ 168,795 of investments valued using an EBITDA multiple. Quantitative information about the Company’s Level 3 asset and liability fair value measurements as of December 31, 2023 is summarized in the table below: Asset or Fair Value at Principal Valuation Unobservable Range (Weighted Senior Secured Loans Asset $ 1,269,712 Income Approach Market Yield 10.0 % – 45.5 % ( 13.2 %) $ 7,827 Recovery Analysis Recoverable Amount N/A Equipment Financing Asset $ 135,999 Income Approach Market Yield 8.5 % – 9.3 % ( 9.3 %) $ 120,820 Market Multiple (1) Comparable Multiple 1.2 x – 1.5 x ( 1.4 x) Preferred Equity Asset $ 3,801 Income Approach Market Yield 5.0 % – 5.0 % ( 5.0 %) Common Equity/Equity Asset $ 162,207 Market Multiple (2) Comparable Multiple 5.5 x – 11.3 x ( 9.5 x) $ 410,220 Market Approach Return on Equity 7.1 % – 34.8 % ( 10.6 %) (1) Includes $ 120,820 of investments valued using an implied multiple. (2) Includes $ 525 of investments valued using a Black-Scholes model and $ 161,682 of investments valued using an EBITDA multiple. Significant increases or decreases in any of the above unobservable inputs in isolation, including unobservable inputs used in deriving bid-ask spreads, if applicable, could result in significantly lower or higher fair value measurements for such assets and liabilities. Generally, an increase in market yields or decrease in EBITDA multiples may result in a decrease in the fair value of certain of the Company’s investments. Weighted averages in the above tables are calculated based on fair value of the underlying assets. |
Debt
Debt | 6 Months Ended |
Jun. 30, 2024 | |
Debt Instruments [Abstract] | |
Debt | Note 7. Debt Our debt obligations consisted of the following as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Facility Face Amount Carrying Value Face Amount Carrying Value Credit Facility $ 501,000 $ 497,965 (1) $ 507,000 $ 503,358 (1) SPV Credit Facility 187,850 187,019 (2) 206,250 205,357 (2) 2024 Unsecured Notes 125,000 124,860 (3) 125,000 124,711 (3) 2025 Unsecured Notes 85,000 84,867 (4) 85,000 84,781 (4) 2026 Unsecured Notes 75,000 74,677 (5) 75,000 74,616 (5) 2027 Unsecured Notes 50,000 49,972 (6) 50,000 49,966 (6) 2027 Series F Unsecured Notes 135,000 134,993 (7) 135,000 134,988 (7) $ 1,158,850 $ 1,154,353 $ 1,183,250 $ 1,177,777 (1) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 3,035 and $ 3,642 as of June 30, 2024 and December 31, 2023, respectively . (2) Carrying Value equals the Face Amount net of unamortized market discount of $ 831 and $ 893 as of June 30, 2024 and December 31, 2023, respectively . (3) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 140 and $ 289 as of June 30, 2024 and December 31, 2023, respectively. (4) Carrying Value equals the Face Amount net of unamortized market discount of $ 133 and $ 219 as of June 30, 2024 and December 31, 2023, respectively . (5) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 323 and $ 384 as of June 30, 2024 and December 31, 2023, respectively . (6) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 28 and $ 34 as of June 30, 2024 and December 31, 2023, respectively . (7) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 7 and $ 12 as of June 30, 2024 and December 31, 2023, respectively . Unsecured Notes On April 1, 2022, the Company entered into an assumption agreement (the “Note Assumption Agreement”), effective as of the closing of the Mergers. The Note Assumption Agreement relates to the Company’s assumption of $ 85,000 in aggregate principal amount of five-year , 3.90 % senior unsecured notes, due March 31, 2025 (the “2025 Unsecured Notes”), and other obligations of SUNS under the Note Purchase Agreement, dated as of March 31, 2020 (the “Note Purchase Agreement”), among SUNS and certain institutional investors. Interest on the 2025 Unsecured Notes is due semi-annually on March 31 and September 30 . Pursuant to the Note Assumption Agreement, the Company expressly assumed on behalf of SUNS the due and punctual payment of the principal of (and premium, if any) and interest on all the 2025 Unsecured Notes outstanding and the due and punctual performance and observance of every covenant and every condition of the Note Purchase Agreement to be performed or observed by SUNS. On January 6, 2022, the Company closed a private offering of $ 135,000 of unsecured notes with a fixed interest rate of 3.33 % and a maturity date of January 6, 2027 (the "2027 Series F Unsecured Notes") . Interest on the 2027 Series F Unsecured Notes is due semi-annually on January 6 and July 6 . The 2027 Series F Unsecured Notes were issued in a private placement only to qualified institutional buyers. On September 14, 2021, the Company closed a private offering of $ 50,000 of unsecured notes with a fixed interest rate of 2.95 % and a maturity date of March 14, 2027 (the "2027 Unsecured Notes"). Interest on the 2027 Unsecured Notes is due semi-annually on March 14 and September 14. The 2027 Unsecured Notes were issued in a private placement only to qualified institutional buyers. On December 18, 2019, the Company closed a private offering of $ 125,000 of unsecured notes with a fixed interest rate of 4.20 % and a maturity date of December 15, 2024 (the "2024 Unsecured Notes"). Interest on the 2024 Unsecured Notes is due semi-annually on June 15 and December 15 . The 2024 Unsecured Notes were issued in a private placement only to qualified institutional buyers. On December 18, 2019, the Company closed a private offering of $ 75,000 of unsecured notes with a fixed interest rate of 4.375 % and a maturity date of December 15, 2026 (the "2026 Unsecured Notes"). Interest on the 2026 Unsecured Notes is due semi-annually on June 15 and December 15. The 2026 Unsecured Notes were issued in a private placement only to qualified institutional buyers. Revolving and Term Loan Facilities On April 1, 2022, the Company entered into an assumption agreement (the “CF Assumption Agreement”), effective as of the closing of the Mergers. The CF Assumption Agreement relates to the Company’s assumption of the revolving credit facility, originally entered into on August 26, 2011 (as amended from time to time, the “SPV Credit Facility”), by and among SUNS SPV LLC (the “SUNS SPV”), a wholly-owned subsidiary of SUNS, acting as borrower, Citibank, N.A., acting as administrative agent and collateral agent, and the other parties thereto. Currently, subsequent to an August 29, 2023 amendment, the commitment under the SPV Credit Facility is $ 275,000 ; however, the commitment can also be expanded up to $ 600,000 . The stated interest rate on the SPV Credit Facility is SOFR plus 2.00 %- 2.50 % with no SOFR floor requirement, and the current final maturity date, effective with a May 23, 2024 amendment, is September 1, 2026 . The SPV Credit Facility is secured by all of the assets held by SUNS SPV. Under the terms of the SPV Credit Facility and related transaction documents, the Company, as successor to SUNS, and SUNS SPV, as applicable, have made certain customary representations and warranties and are required to comply with various covenants, including leverage restrictions, reporting requirements and other customary requirements for similar credit facilities. The SPV Credit Facility also includes usual and customary events of default for credit facilities of this nature. At June 30, 2024, outstanding USD equivalent borrowings under the SPV Credit Facility totaled $ 187,850 . On December 28, 2021, the Company closed on Amendment No. 1 to its August 28, 2019 senior secured credit agreement (the “Credit Facility”). Following the amendment, a $ 25,000 November 2022 upsizing and a $ 40,000 August 2023 commitment expiration, the Credit Facility is now composed of $ 585,000 of revolving credit and $ 100,000 of term loans. Borrowings generally bear interest at a rate per annum equal to the base rate plus a range of 1.75 %- 2.00 % or the alternate base rate plus 0.75 %- 1.00 %. The Credit Facility has a 0% floor, matures in December 2026 and includes ratable amortization in the final year. The Credit Facility may be increased up to $ 800,000 with additional new lenders or an increase in commitments from current lenders. The Credit Facility contains certain customary affirmative and negative covenants and events of default. In addition, the Credit Facility contains certain financial covenants that, among other things, require the Company to maintain a minimum stockholder’s equity and a minimum asset coverage ratio. At June 30, 2024, outstanding USD equivalent borrowings under the Credit Facility totaled $ 501,000 , composed of $ 401,000 of revolving credit and $ 100,000 of term loans. Certain covenants on our issued debt may restrict our business activities, including limitations that could hinder our ability to finance additional loans and investments or to make the distributions required to maintain our status as a RIC under Subchapter M of the Code. The average annualized interest cost for all borrowings for the six months ended June 30, 2024 and the year ended December 31, 2023 was 6.04 % and 5.88 %, respectively. These costs are exclusive of other credit facility expenses such as unused fees, agency fees and other prepaid expenses related to establishing and/or amending the Credit Facility, the SPV Credit Facility, the 2024 Unsecured Notes, the 2025 Unsecured Notes, the 2026 Unsecured Notes, the 2027 Unsecured Notes and the 2027 Series F Unsecured Notes (collectively the “Debt Instruments”), if any. The maximum amounts borrowed on the Debt Instruments during the six months ended June 30, 2024 and the year ended December 31, 2023 were $ 1,192,250 and $ 1,273,200 , respectively. |
Financial Highlights
Financial Highlights | 6 Months Ended |
Jun. 30, 2024 | |
Investment Company, Financial Highlights [Abstract] | |
Financial Highlights | Note 8. Financial Highlights The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023: Six months ended Six months ended Per Share Data: (a) Net asset value, beginning of year $ 18.09 $ 18.33 Net investment income 0.88 0.82 Net realized and unrealized gain (loss) 0.05 ( 0.35 ) Net increase in net assets resulting from operations 0.93 0.47 Distributions to stockholders: From distributable earnings ( 0.82 ) ( 0.82 ) From return of capital — — Net asset value, end of period $ 18.20 $ 17.98 Per share market value, end of period $ 16.09 $ 14.27 Total Return (b)(c) 12.70 % 8.41 % Net assets, end of period $ 993,003 $ 980,805 Shares outstanding, end of period 54,554,634 54,554,634 Ratios to average net assets (c): Net investment income 4.87 % 4.52 % Operating expenses 3.29 %* 3.22 %* Interest and other credit facility expenses 3.67 % 3.34 % Total expenses 6.96 %* 6.56 %* Average debt outstanding $ 1,148,919 $ 1,125,576 Portfolio turnover ratio 9.0 % 12.6 % (a) Calculated using the average shares outstanding method. (b) Total return is based on the change in market price per share during the period and takes into account distributions, if any, reinvested in accordance with the dividend reinvestment plan. The market price per share as of December 31, 2023 and December 31, 2022 was $ 15.03 and $ 13.91 , respectively. Total return does not include a sales load. (c) Not annualized for periods less than one year. * The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets is shown net of the performance-based incentive fee waiver (see note 3). For the six months ended June 30, 2024 and 2023, the ratios of operating expenses to average net assets would be 3.30 % and 3.24 %, respectively, without the performance-based incentive fee waiver. For the six months ended June 30, 2024 and 2023, the ratios of total expenses to average net assets would be 6.97 % and 6.58 %, respectively, without the performance-based incentive fee waiver. |
Commitments and Contingencies
Commitments and Contingencies | 6 Months Ended |
Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Note 9. Commitments and Contingencies Off-Balance Sheet Arrangements The Company had unfunded debt and equity commitments to various revolving and delayed-draw term loans as well as to SLR Credit and SLR Healthcare (each as defined below). The total amount of these unfunded commitments as of June 30, 2024 and December 31, 2023 was $ 183,843 and $ 248,692 , respectively, comprised of the following: June 30, December 31, SLR Credit Solutions* $ 44,263 $ 44,263 BDG Media, Inc. 15,259 10,146 CVAUSA Management, LLC 10,164 10,164 iCIMS, Inc. 9,571 9,858 Copper River Seafoods, Inc. 7,716 7,051 One Touch Direct, LLC 7,087 4,085 SPR Therapeutics, Inc. 6,083 — Quantcast Corporation 5,882 — SPAR Marketing Force, Inc. 5,769 8,339 West-NR Parent, Inc. 5,043 5,043 DeepIntent, Inc. 4,828 3,933 33 Across Inc. 4,712 — Luxury Asset Capital, LLC 4,500 4,500 Western Veterinary Partners LLC 3,638 — Southern Orthodontic Partners Management, LLC 3,542 17,861 The Townsend Company, LLC 3,456 3,330 United Digestive MSO Parent, LLC 3,388 3,909 Vertos Medical, Inc. 3,325 3,325 Foundation Consumer Brands, LLC 3,009 3,009 Kid Distro Holdings, LLC 2,650 2,650 Erie Construction Mid-west, LLC 2,403 2,403 SLR Senior Lending Program LLC* 2,125 7,125 Basic Fun, Inc. 2,121 2,150 Bayside Opco, LLC 2,093 2,093 Kaseya, Inc. 1,917 3,768 EyeSouth Eye Care Holdco LLC 1,857 983 Ultimate Baked Goods Midco LLC 1,805 2,356 SunMed Group Holdings, LLC 1,621 1,621 AMF Levered II, LLC 1,589 3,177 Sightly Enterprises, Inc. 1,544 — SLR Healthcare ABL* 1,400 1,400 Brainjolt LLC 1,387 — RxSense Holdings LLC 1,250 1,250 Tilley Distribution, Inc. 1,158 1,158 Vapotherm, Inc. 1,034 — GSM Acquisition Corp 862 862 UVP Management, LLC 809 2,869 ENS Holdings III Corp, LLC 691 576 High Street Buyer, Inc. 631 631 CC SAG Holdings Corp. (Spectrum Automotive) 548 548 Vessco Midco Holdings, LLC 325 310 TAUC Management, LLC 294 294 Shoes for Crews Global, LLC 276 — All States Ag Parts, LLC 218 321 Orthopedic Care Partners Management, LLC — 20,770 Ardelyx, Inc. — 15,875 Retina Midco, Inc. — 9,382 Alkeme Intermediary Holdings, LLC — 8,531 Legacy Service Partners, LLC — 5,368 Peter C. Foy & Associates Insurance Services, LLC — 5,062 SLR Equipment Finance* — 2,150 Urology Management Holdings, Inc. — 1,510 Medrina, LLC — 826 Pinnacle Treatment Centers, Inc. — 643 Crewline Buyer, Inc. — 530 Exactcare Parent, Inc. — 352 WCI-BXC Purchaser, LLC — 332 Total Commitments $ 183,843 $ 248,692 * The Company controls the funding of these commitments and may cancel them at its discretion. The credit agreements of the above loan commitments contain customary lending provisions and/or are subject to the portfolio company’s achievement of certain milestones that allow relief to the Company from funding obligations for previously made commitments in instances where the underlying company experiences materially adverse events that affect the financial condition or business outlook for the company. Since these commitments may expire without being drawn upon, unfunded commitments do not necessarily represent future cash requirements or future earning assets for the Company. As of June 30, 2024 and December 31, 2023, the Company had sufficient cash available and/or liquid securities available to fund its commitments and had reviewed them for any appropriate fair value adjustment. From time to time, the Company may become a party to certain legal proceedings incidental to the normal course of its business. As of June 30, 2024 and December 31, 2023, management is not aware of any material pending or threatened litigation that would require accounting recognition or financial statement disclosure. |
Capital Share Transactions
Capital Share Transactions | 6 Months Ended |
Jun. 30, 2024 | |
Stockholders' Equity Note [Abstract] | |
Capital Share Transactions | Note 10. Capital Share Transactions As of June 30, 2024 and June 30, 2023, 200,000,000 shares of $ 0.01 par value capital stock were authorized. Transactions in capital stock were as follows: Shares Amount Three months Three months ended June 30, 2023 Three months Three months ended June 30, 2023 Shares repurchased — — $ — $ — Shares Amount Six months Six months ended June 30, 2023 Six months Six months ended June 30, 2023 Shares repurchased — ( 746 ) $ — $ ( 10 ) |
SLR Credit Solutions
SLR Credit Solutions | 6 Months Ended |
Jun. 30, 2024 | |
Line of Credit Facility [Abstract] | |
SLR Credit Solution | Note 11. SLR Credit Solutions On December 28, 2012, we acquired an equity interest in Crystal Capital Financial Holdings LLC (“Crystal Financial”) for $ 275,000 in cash. Crystal Financial owned approximately 98 % of the outstanding ownership interest in SLR Credit Solutions (“SLR Credit”), f/k/a Crystal Financial LLC. The remaining financial interest was held by various employees of SLR Credit, through their investment in Crystal Management LP. SLR Credit had a diversified portfolio of 23 loans having a total par value of approximately $ 400,000 at November 30, 2012 and a $ 275,000 committed revolving credit facility. On July 28, 2016, the Company purchased Crystal Management LP’s approximately 2 % equity interest in SLR Credit for approximately $ 5,737 . Upon the closing of this transaction, the Company holds 100 % of the equity interest in SLR Credit. On September 30, 2016, Crystal Capital Financial Holdings LLC was dissolved. As of June 30, 2024, total commitments to the revolving credit facility were $ 300,000 . As of June 30, 2024, SLR Credit had 31 funded commitments to 25 different issuers with total funded loans of approximately $ 396,484 on total assets of $ 423,418 . As of December 31, 2023, SLR Credit had 31 funded commitments to 26 different issuers with total funded loans of approximately $ 406,554 on total assets of $ 438,422 . As of June 30, 2024 and December 31, 2023, the largest loan outstanding totaled $ 30,000 and $ 30,000 , respectively. For the same periods, the average exposure per issuer was $ 15,859 and $ 15,637 , respectively. SLR Credit’s credit facility, which is non-recourse to the Company, had approximately $ 206,258 and $ 218,878 of borrowings outstanding at June 30, 2024 and December 31, 2023, respectively. For the three months ended June 30, 2024 and 2023, SLR Credit had net income of $ 6,861 and $ 6,767 , respectively, on gross income of $ 15,539 and $ 13,897 , respectively. For the six months ended June 30, 2024 and 2023, SLR Credit had net income (loss) of $ 12,579 and ($ 2,905 ), respectively, on gross income of $ 28,596 and $ 28,452 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. |
SLR Equipment Finance
SLR Equipment Finance | 6 Months Ended |
Jun. 30, 2024 | |
Schedule of Equity Method Investments [Line Items] | |
SLR Equipment Finance | Note 13. Kingsbridge Holdings, LLC On November 3, 2020, the Company acquired 87.5 % of the equity securities of Kingsbridge Holdings, LLC (“KBH”) through KBH Topco LLC (“KBHT”), a Delaware corporation. KBH is a residual-focused independent mid-ticket lessor of equipment primarily to U.S. investment grade companies. The Company invested $ 216,596 to effect the transaction, of which $ 136,596 was invested to acquire 87.5 % of KBHT’s equity and $ 80,000 of KBH’s debt. The existing management team of KBH committed to continuing to lead KBH after the transaction. Following the transaction, the Company owned 87.5 % of KBHT’s equity and the KBH management team owned the remaining 12.5 % of KBHT’s equity. On March 13, 2024, as per the terms of the original purchase agreement, the Company acquired 3.125 % of KBHT’s equity from the KBH management team. Effective with this purchase, the Company owns 90.625 % of KBHT’s equity and the KBH management team owns the remaining 9.375 %. As of June 30, 2024 and December 31, 2023, KBHT had total assets of $ 884,585 and $ 857,346 , respectively. For the same periods, debt recourse to KBHT totaled $ 241,903 and $ 249,807 , respectively, and non-recourse debt totaled $ 412,766 and $ 367,082 , respectively. None of the debt is recourse to the Company. For the three months ended June 30, 2024 and 2023, KBHT had net income of $ 2,675 and $ 3,287 , respectively, on gross income of $ 78,485 and $ 75,500 , respectively. For the six months ended June 30, 2024 and 2023, KBHT had net income of $ 4,603 and $ 5,914 , respectively, on gross income of $ 158,493 and $ 143,507 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. As such, and subject to fluctuations in KBHT’s funded commitments, the timing of originations, and the repayments of financings, the Company cannot guarantee that KBHT will be able to maintain consistent dividend payments to us. |
SLR Equipment Finance [Member] | |
Schedule of Equity Method Investments [Line Items] | |
SLR Equipment Finance | Note 12. SLR Equipment Finance On July 31, 2017, we acquired a 100 % equity interest in NEF Holdings, LLC, which conducts its business through its wholly-owned subsidiary Nations Equipment Finance, LLC. Effective February 25, 2021, Nations Equipment Finance, LLC and its related companies are doing business as SLR Equipment Finance (“SLR Equipment”). SLR Equipment is an independent equipment finance company that provides senior secured loans and leases primarily to U.S. based companies. We invested $ 209,866 in cash to effect the transaction, of which $ 145,000 was invested in the equity of SLR Equipment through our wholly-owned consolidated taxable subsidiary NEFCORP LLC and our wholly-owned consolidated subsidiary NEFPASS LLC and $ 64,866 was used to purchase certain leases and loans held by SLR Equipment through NEFPASS LLC. On January 31, 2024, SLR Equipment entered into a $ 225,000 senior secured credit facility with a maturity date of January 31, 2027 . On March 1, 2024, the credit facility was expanded to $ 350,000 of commitments. As of June 30, 2024, SLR Equipment had 201 funded equipment-backed leases and loans to 101 different customers with a total net investment in leases and loans of approximately $ 232,705 on total assets of $ 281,408 . As of December 31, 2023, SLR Equipment had 150 funded equipment-backed leases and loans to 62 different customers with a total net investment in leases and loans of approximately $ 203,674 on total assets of $ 254,656 . As of June 30, 2024 and December 31, 2023, the largest position outstanding totaled $ 17,883 and $ 17,943 , respectively. For the same periods, the average exposure per customer was $ 2,304 and $ 3,285 , respectively. SLR Equipment’s credit facility, which is non-recourse to the Company, had approximately $ 175,024 and $ 137,178 of borrowings outstanding at June 30, 2024 and December 31, 2023, respectively. For the three months ended June 30, 2024 and 2023, SLR Equipment had net loss of $ 1,777 and $ 2,055 , respectively, on gross income of $ 5,223 and $ 4,054 , respectively. For the six months ended June 30, 2024 and 2023, SLR Equipment had net loss of $ 3,733 and $ 1,017 , respectively, on gross income of $ 10,138 and $ 10,391 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. |
Kingsbridge Holdings, LLC
Kingsbridge Holdings, LLC | 6 Months Ended |
Jun. 30, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
Equity Method Investments and Joint Ventures Disclosure [Text Block] | Note 13. Kingsbridge Holdings, LLC On November 3, 2020, the Company acquired 87.5 % of the equity securities of Kingsbridge Holdings, LLC (“KBH”) through KBH Topco LLC (“KBHT”), a Delaware corporation. KBH is a residual-focused independent mid-ticket lessor of equipment primarily to U.S. investment grade companies. The Company invested $ 216,596 to effect the transaction, of which $ 136,596 was invested to acquire 87.5 % of KBHT’s equity and $ 80,000 of KBH’s debt. The existing management team of KBH committed to continuing to lead KBH after the transaction. Following the transaction, the Company owned 87.5 % of KBHT’s equity and the KBH management team owned the remaining 12.5 % of KBHT’s equity. On March 13, 2024, as per the terms of the original purchase agreement, the Company acquired 3.125 % of KBHT’s equity from the KBH management team. Effective with this purchase, the Company owns 90.625 % of KBHT’s equity and the KBH management team owns the remaining 9.375 %. As of June 30, 2024 and December 31, 2023, KBHT had total assets of $ 884,585 and $ 857,346 , respectively. For the same periods, debt recourse to KBHT totaled $ 241,903 and $ 249,807 , respectively, and non-recourse debt totaled $ 412,766 and $ 367,082 , respectively. None of the debt is recourse to the Company. For the three months ended June 30, 2024 and 2023, KBHT had net income of $ 2,675 and $ 3,287 , respectively, on gross income of $ 78,485 and $ 75,500 , respectively. For the six months ended June 30, 2024 and 2023, KBHT had net income of $ 4,603 and $ 5,914 , respectively, on gross income of $ 158,493 and $ 143,507 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. As such, and subject to fluctuations in KBHT’s funded commitments, the timing of originations, and the repayments of financings, the Company cannot guarantee that KBHT will be able to maintain consistent dividend payments to us. |
SLR Healthcare ABL
SLR Healthcare ABL | 6 Months Ended |
Jun. 30, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
SLR Healthcare ABL | Note 14. SLR Healthcare ABL SUNS acquired an equity interest in SLR Healthcare ABL, f/k/a Gemino Healthcare Finance, LLC (“SLR Healthcare”), on September 30, 2013. SLR Healthcare is a commercial finance company that originates, underwrites, and manages primarily secured, asset-based loans for small and mid-sized companies operating in the healthcare industry. SUNS’s initial investment in SLR Healthcare ABL was $ 32,839 . The management team of SLR Healthcare co-invested in the transaction and continues to lead SLR Healthcare. As of June 30, 2024, SLR Healthcare’s management team and the Company owned approximately 7 % and 93 % of the equity in SLR Healthcare, respectively. SLRC acquired SLR Healthcare in connection with the Mergers on April 1, 2022. Effective upon an amendment dated August 24, 2023, SLR Healthcare has a $ 150,000 non-recourse credit facility, which is expandable to $ 200,000 under its accordion facility. The maturity date of this facility is March 31, 2026 . SLR Healthcare currently manages a highly diverse portfolio of directly-originated and underwritten senior-secured commitments. As of June 30, 2024, the portfolio totaled approximately $ 279,000 of commitments with a total net investment in loans of $ 119,088 on total assets of $ 126,682 . As of December 31, 2023, the portfolio totaled approximately $ 255,000 of commitments with a total net investment in loans of $ 111,264 on total assets of $ 118,563 . At June 30, 2024, the portfolio consisted of 44 issuers with an average balance of approximately $ 2,707 versus 42 issuers with an average balance of approximately $ 2,649 at December 31, 2023. All of the commitments in SLR Healthcare’s portfolio are floating-rate, senior-secured, cash-pay loans. SLR Healthcare’s credit facility, which is non-recourse to us, had approximately $ 93,300 and $ 84,700 of borrowings outstanding at June 30, 2024 and December 31, 2023, respectively. For the three months ended June 30, 2024 and 2023, SLR Healthcare had net income of $ 1,291 and $ 1,273 , respectively, on gross income of $ 5,086 and $ 4,439 , respectively. For the six months ended June 30, 2024 and 2023, SLR Healthcare had net income of $ 2,609 and $ 2,393 , respectively, on gross income of $ 9,877 and $ 8,276 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. |
SLR Business Credit
SLR Business Credit | 6 Months Ended |
Jun. 30, 2024 | |
Equity Method Investments and Joint Ventures [Abstract] | |
SLR Business Credit | Note 15. SLR Business Credit SUNS acquired 100 % of the equity interests of North Mill Capital LLC (“NMC”) on October 20, 2017. NMC is a leading asset-backed lending commercial finance company that provides senior secured asset-backed financings to U.S. based small-to-medium-sized businesses primarily in the manufacturing, services and distribution industries. SUNS invested approximately $ 51,000 to effect the transaction. Subsequently, SUNS contributed 1 % of its equity interest in NMC to ESP SSC Corporation. Immediately thereafter, SUNS and ESP SSC Corporation contributed their equity interests to NorthMill LLC (“North Mill”). On May 1, 2018, North Mill merged with and into NMC, with NMC being the surviving company. SUNS and ESP SSC Corporation then owned 99 % and 1 % of the equity interests of NMC, respectively. The management team of NMC continues to lead NMC. On June 28, 2019, North Mill Holdco LLC (“NM Holdco”), a newly formed entity and ESP SSC Corporation acquired 100 % of Summit Financial Resources, a Salt Lake City-based provider of asset-backed financing to small and medium-sized businesses. As part of this transaction, SUNS’s 99 % interest in the equity of NMC was contributed to NM Holdco. This approximately $ 15,500 transaction was financed with borrowings on NMC’s credit facility. Effective February 25, 2021, NMC and its related companies are doing business as SLR Business Credit. On June 3, 2021, NMC acquired 100 % of Fast Pay Partners LLC, a Los Angeles-based provider of asset-backed financing to digital media companies. The transaction purchase price of $ 66,671 was financed with equity from SUNS of $ 19,000 and borrowings on NMC’s credit facility of $ 47,671 . SLRC acquired SLR Business Credit in connection with the Mergers on April 1, 2022. SLR Business Credit currently manages a highly diverse portfolio of directly-originated and underwritten senior-secured commitments. As of June 30, 2024, the portfolio totaled approximately $ 557,148 of commitments, of which $ 240,743 were funded, on total assets of $ 271,050 . As of December 31, 2023, the portfolio totaled approximately $ 610,949 of commitments, of which $ 273,541 were funded, on total assets of $ 315,335 . At June 30, 2024, the portfolio consisted of 94 issuers with an average balance of approximately $ 2,561 versus 102 issuers with an average balance of approximately $ 2,681 at December 31, 2023. NMC has a senior credit facility with a bank lending group for $ 285,307 which expires on November 13, 2025 . Borrowings are secured by substantially all of NMC’s assets. NMC’s credit facility, which is non-recourse to us, had approximately $ 188,546 and $ 222,917 of borrowings outstanding at June 30, 2024 and December 31, 2023, respectively. For the three months ended June 30, 2024 and 2023, SLR Business Credit had net income of $ 2,324 and $ 1,414 respectively, on gross income of $ 10,437 and $ 8,827 , respectively. For the six months ended June 30, 2024 and 2023, SLR Business Credit had net income of $ 5,505 and $ 3,431 respectively, on gross income of $ 21,605 and $ 18,159 , respectively. Due to timing and non-cash items, there may be material differences between GAAP net income and cash available for distributions. As such, and subject to fluctuations in SLR Business Credit’s funded commitments, the timing of originations, and the repayments of financings, the Company cannot guarantee that SLR Business Credit will be able to maintain consistent dividend payments to us. |
Stock Repurchase Program
Stock Repurchase Program | 6 Months Ended |
Jun. 30, 2024 | |
Stockholders' Equity Note [Abstract] | |
Stock Repurchase Program | Note 16. Stock Repurchase Program On May 7, 2024, our Board authorized an extension of a program for the purpose of repurchasing up to $ 50,000 of our outstanding shares of common stock. Under the repurchase program, we may, but are not obligated to, repurchase shares of our outstanding common stock in the open market from time to time provided that we comply with our code of ethics and the guidelines specified in Rule 10b-18 of the Securities Exchange Act of 1934, as amended (the “1934 Act”), including certain price, market volume and timing constraints. In addition, any repurchases will be conducted in accordance with the 1940 Act. Unless further amended or extended by our Board, we expect the repurchase program to be in place until the earlier of May 7, 2025 or until $ 50,000 of our outstanding shares of common stock have been repurchased. The timing and number of additional shares to be repurchased will depend on a number of factors, including market conditions. There are no assurances that we will engage in any repurchases beyond what is reported herein. There were no share repurchases during the three and six months ended June 30, 2024. For the fiscal year ended December 31, 2023, the Company repurchased 746 shares at an average price of approximately $ 14.02 per share, inclusive of commissions. The total dollar amount of shares repurchased for the fiscal year ended December 31, 2023 was $ 10 . |
SLR Senior Lending Program LLC
SLR Senior Lending Program LLC | 6 Months Ended |
Jun. 30, 2024 | |
Investments, Debt and Equity Securities [Abstract] | |
SLR Senior Lending Program LLC | Note 17. SLR Senior Lending Program LLC On October 12, 2022, the Company entered into an amended and restated limited liability company agreement with Sunstone Senior Credit L.P. (the “Investor”) to create a joint venture vehicle, SLR Senior Lending Program LLC (“SSLP”). SSLP is expected to invest primarily in senior secured cash flow loans. The Company and the Investor each have made initial equity commitments of $ 50,000 , resulting in a total equity commitment of $ 100,000 . Investment decisions and all material decisions in respect of SSLP must be approved by representatives of the Company and the Investor. On December 1, 2022, SSLP commenced operations. On December 12, 2022, SSLP, as servicer, and SLR Senior Lending Program SPV LLC (“SSLP SPV”), a newly formed wholly owned subsidiary of SSLP, as borrower, entered into a $ 100,000 senior secured revolving credit facility (the “SSLP Facility”) with Goldman Sachs Bank USA acting as administrative agent. On October 20, 2023, the SSLP Facility was expanded to $ 150,000 . Effective with an amendment on March 25, 2024, the SSLP Facility is scheduled to mature on December 12, 2028 and generally bears interest at a rate of SOFR plus 2.90 %. SSLP and SSLP SPV, as applicable, have made certain customary representations and warranties and are required to comply with various covenants, including leverage restrictions, reporting requirements and other customary requirements for similar credit facilities. The SSLP Facility also includes usual and customary events of default for credit facilities of this nature. At June 30, 2024, there were $ 135,800 of borrowings outstanding on the SSLP Facility. As of June 30, 2024 and December 31, 2023, the Company and the Investor had contributed combined equity capital in the amount of $ 95,750 and $ 85,750 , respectively. As of June 30, 2024 and December 31, 2023, the Company and the Investor’s combined remaining commitments to SSLP totaled $ 4,250 and $ 14,250 , respectively. The Company, along with the Investor, controls the funding of SSLP, and SSLP may not call the unfunded commitments of the Company or the Investor without the approval of both the Company and the Investor. As of June 30, 2024 and December 31, 2023, SSLP had total assets of $ 236,966 and $ 195,868 , respectively. For the same periods, SSLP’s portfolio consisted of floating rate senior secured loans to 39 and 32 different borrowers, respectively. For the three months ended June 30, 2024, SSLP invested $ 11,444 in 7 portfolio companies. Investments prepaid totaled $ 7,702 for the three months ended June 30, 2024. For the three months ended June 30, 2023, SSLP invested $ 32,557 in 9 portfolio companies. Investments prepaid totaled $ 182 for the three months ended June 30, 2023. SSLP Portfolio as of June 30, 2024 Description Industry Spread (1) Floor Interest (2) Maturity Par Cost Fair (3) Accession Risk Management Group, Inc. Insurance S+ 550 0.75 % 10.98 % 11/1/29 $ 6,923 $ 6,898 $ 6,923 Aegis Toxicology Sciences Corporation (4) Health Care Providers & Services S+ 550 1.00 % 11.09 % 5/9/25 2,921 2,921 2,921 Alkeme Intermediary Holdings, LLC (4) Insurance S+ 600 1.00 % 11.44 % 10/28/26 6,026 5,872 6,026 All States Ag Parts, LLC (4) Trading Companies & Distributors S+ 600 1.00 % 11.60 % 9/1/26 2,122 2,122 2,122 Apex Service Partners, LLC Diversified Consumer Services S+ 700 1.00 % 11.83 % 10/24/30 5,834 5,698 5,834 Atria Wealth Solutions, Inc. (4) Diversified Financial Services S+ 650 1.00 % 12.09 % 11/29/24 2,456 2,456 2,456 BayMark Health Services, Inc. (4) Health Care Providers & Services S+ 500 1.00 % 10.60 % 6/11/27 4,013 4,013 3,932 CC SAG Holdings Corp. (4) Diversified Consumer Services S+ 525 0.75 % 10.59 % 6/29/28 8,923 8,923 8,923 Crewline Buyer, Inc. IT Services S+ 675 1.00 % 12.08 % 11/8/30 5,084 4,960 5,084 CVAUSA Management, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.75 % 5/22/29 5,384 5,235 5,384 ENS Holdings III Corp. & ES Opco USA LLC (4) Trading Companies & Distributors S+ 475 1.00 % 10.19 % 12/31/25 1,080 1,080 1,080 Erie Construction Mid-west, LLC Building Products S+ 475 1.00 % 10.15 % 7/30/27 8,229 8,229 8,229 Exactcare Parent, Inc. Health Care Providers & Services S+ 650 1.00 % 11.84 % 11/5/29 3,220 3,135 3,220 Fertility (ITC) Investment Holdco, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.78 % 1/3/29 5,925 5,774 5,925 Foundation Consumer Brands, LLC (4) Personal Products S+ 625 1.00 % 11.73 % 2/12/27 8,551 8,551 8,551 GSM Acquisition Corp. (4) Leisure Equipment & Products S+ 500 1.00 % 10.46 % 11/16/26 8,497 8,497 8,497 Higginbotham Insurance Agency, Inc. (4) Insurance S+ 550 1.00 % 10.94 % 11/25/28 7,535 7,535 7,535 High Street Buyer, Inc. Insurance S+ 525 0.75 % 10.59 % 4/16/28 7,565 7,565 7,565 iCIMS, Inc. (4) Software S+ 725 0.75 % 12.58 % 8/18/28 3,150 3,109 3,150 Kaseya, Inc. (4) Software S+ 550 0.75 % 10.83 % 6/23/29 9,172 9,172 9,172 Kid Distro Holdings, LLC (4) Software S+ 550 1.00 % 10.94 % 10/1/27 8,893 8,893 8,893 Legacy Service Partners, LLC Diversified Consumer Services S+ 575 1.00 % 11.23 % 1/9/29 1,947 1,900 1,947 Maxor Acquisition, Inc. (4) Health Care Providers & Services S+ 675 1.00 % 12.29 % 3/1/29 6,089 5,923 6,089 Medrina, LLC Health Care Providers & Services S+ 625 1.00 % 11.55 % 10/20/29 2,398 2,341 2,398 ONS MSO, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.57 % 7/8/26 5,878 5,753 5,878 Plastics Management, LLC (4) Health Care Providers & Services S+ 500 1.00 % 10.44 % 8/18/27 5,608 5,461 5,608 Retina Midco, Inc. (4) Health Care Providers & Services S+ 575 1.00 % 11.34 % 1/31/26 9,962 9,784 9,962 RQM+ Corp. (4) Life Sciences Tools & Services S+ 575 1.00 % 11.35 % 8/12/26 5,924 5,924 5,776 RxSense Holdings LLC (4) Diversified Consumer Services S+ 50 0 1.00 % 10.43 % 3/13/26 8,922 8,922 8,922 SunMed Group Holdings, LLC (4) Health Care Equipment & Supplies S+ 550 0.75 % 10.93 % 6/16/28 8,902 8,902 8,902 The Townsend Company, LLC (4) Commercial Services & Supplies S+ 625 1.00 % 11.59 % 8/15/29 3,557 3,477 3,557 Tilley Distribution, Inc. (4) Trading Companies & Distributors S+ 600 1.00 % 11.49 % 12/31/26 5,637 5,637 5,524 Ultimate Baked Goods Midco LLC (4) Packaged Foods & Meats S+ 625 1.00 % 11.69 % 8/13/27 8,909 8,909 8,864 United Digestive MSO Parent, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.80 % 3/30/29 3,574 3,476 3,574 Urology Management Holdings, Inc. (4) Health Care Providers & Services S+ 625 1.00 % 11.73 % 6/15/26 3,684 3,607 3,684 UVP Management, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.73 % 9/15/25 4,883 4,791 4,736 Vessco Midco Holdings, LLC (4) Water Utilities S+ 450 1.00 % 9.75 % 11/2/26 4,282 4,282 4,282 WCI-BXC Purchaser, LLC Distributors S+ 625 1.00 % 11.59 % 11/6/30 2,890 2,820 2,890 West-NR Parent, Inc. (4) Insurance S+ 625 1.00 % 11.68 % 12/27/27 6,788 6,670 6,788 $ 219,217 $ 220,803 (1) Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. (2) Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of June 30, 2024. (3) Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. (4) The Company also holds this security on its Consolidated Statements of Assets and Liabilities. SSLP Portfolio as of December 31, 2023 Description Industry Spread (1) Floor Interest (2) Maturity Par Cost Fair (3) Aegis Toxicology Sciences Corporation (4) Health Care Providers & Services S+ 550 1.00 % 11.13 % 5/9/25 $ 2,947 $ 2,947 $ 2,947 Alkeme Intermediary Holdings, LLC (4) Insurance S+ 650 1.00 % 11.96 % 10/28/26 3,017 2,934 3,017 All States Ag Parts, LLC (4) Trading Companies & Distributors S+ 600 1.00 % 11.61 % 9/1/26 2,133 2,133 2,133 Apex Service Partners, LLC Diversified Consumer Services S+ 700 1.00 % 11.87 % 10/24/30 4,905 4,784 4,783 Atria Wealth Solutions, Inc. (4) Diversified Financial Services S+ 650 1.00 % 11.97 % 5/31/24 2,468 2,468 2,468 BayMark Health Services, Inc. (4) Health Care Providers & Services S+ 500 1.00 % 10.61 % 6/11/27 4,033 4,033 4,033 CC SAG Holdings Corp. (4) Diversified Consumer Services S+ 575 0.75 % 11.22 % 6/29/28 8,969 8,969 8,969 CVAUSA Management, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.74 % 5/22/29 5,412 5,251 5,412 ENS Holdings III Corp. & ES Opco USA LLC (4) Trading Companies & Distributors S+ 475 1.00 % 10.20 % 12/31/25 1,086 1,086 1,086 Erie Construction Mid-west, LLC Building Products S+ 475 1.00 % 10.20 % 7/30/27 8,457 8,457 8,457 Fertility (ITC) Investment Holdco, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.97 % 1/3/29 5,955 5,791 5,955 Foundation Consumer Brands, LLC (4) Personal Products S+ 625 1.00 % 11.79 % 2/12/27 8,641 8,641 8,641 GSM Acquisition Corp. (4) Leisure Equipment & Products S+ 500 1.00 % 10.47 % 11/16/26 8,541 8,541 8,541 Higginbotham Insurance Agency, Inc. (4) Insurance S+ 550 1.00 % 10.96 % 11/25/28 7,573 7,573 7,573 High Street Buyer, Inc. Insurance S+ 575 0.75 % 11.25 % 4/16/28 7,604 7,604 7,604 iCIMS, Inc. (4) Software S+ 725 0.75 % 12.62 % 8/18/28 3,089 3,066 3,089 Kaseya, Inc. (4) Software S+ 600 0.75 % 11.38 % 6/23/29 9,058 9,058 9,058 Kid Distro Holdings, LLC (4) Software S+ 550 1.00 % 11.00 % 10/1/27 8,939 8,939 8,939 Maxor Acquisition, Inc. (4) Health Care Providers & Services S+ 675 1.00 % 12.48 % 3/1/29 6,120 5,940 6,120 ONS MSO, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.62 % 7/8/26 5,922 5,784 5,922 Pinnacle Treatment Centers, Inc. (4) Health Care Providers & Services S+ 650 1.00 % 11.95 % 1/2/26 6,951 6,951 6,951 Plastics Management, LLC (4) Health Care Providers & Services S+ 500 1.00 % 10.45 % 8/18/27 5,637 5,471 5,637 RQM+ Corp. (4) Life Sciences Tools & Services S+ 575 1.00 % 11.36 % 8/12/26 5,955 5,955 5,955 RxSense Holdings LLC (4) Diversified Consumer Services S+ 500 1.00 % 10.48 % 3/13/26 8,968 8,968 8,968 SunMed Group Holdings, LLC (4) Health Care Equipment & Supplies S+ 550 0.75 % 10.96 % 6/16/28 8,948 8,948 8,948 The Townsend Company, LLC (4) Commercial Services & Supplies S+ 625 1.00 % 11.61 % 8/15/29 3,642 3,555 3,642 Tilley Distribution, Inc. (4) Trading Companies & Distributors S+ 600 1.00 % 11.50 % 12/31/26 5,850 5,850 5,850 Ultimate Baked Goods Midco LLC (4) Packaged Foods & Meats S+ 625 1.00 % 11.71 % 8/13/27 8,954 8,954 8,865 United Digestive MSO Parent, LLC (4) Health Care Providers & Services S+ 675 1.00 % 12.25 % 3/30/29 3,411 3,311 3,411 Urology Management Holdings, Inc. (4) Health Care Providers & Services S+ 650 1.00 % 11.93 % 6/15/26 3,179 3,102 3,155 Vessco Midco Holdings, LLC (4) Water Utilities S+ 450 1.00 % 9.96 % 11/2/26 4,304 4,304 4,304 West-NR Parent, Inc. (4) Insurance S+ 625 1.00 % 11.70 % 12/27/27 6,822 6,691 6,822 $ 186,059 $ 187,255 (1) Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. (2) Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of December 31, 2023. (3) Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. (4) The Company also holds this security on its Consolidated Statements of Assets and Liabilities. Below is certain summarized financial information for SSLP as of June 30, 2024 and December 31, 2023 and for the three and six months ended June 30, 2024 and June 30, 2023: June 30, 2024 December 31, Selected Balance Sheet Information for SSLP: Investments at fair value (cost $ 219,217 and $ 186,059 , $ 220,803 $ 187,255 Cash and other assets 16,163 8,613 Total assets $ 236,966 $ 195,868 Debt outstanding ($ 135,800 and $ 106,900 face amounts, 1,851 and $ 1,697 , respectively) $ 133,949 $ 105,203 Distributions payable 3,365 1,900 Interest payable and other credit facility related expenses 597 551 Accrued expenses and other payables 510 416 Total liabilities $ 138,421 $ 108,070 Members’ equity $ 98,545 $ 87,798 Total liabilities and members’ equity $ 236,966 $ 195,868 Three months ended Six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Selected Income Statement Information for SSLP: Interest income $ 6,616 $ 1,605 $ 12,585 $ 2,614 Service fees* 135 38 260 57 Interest and other credit facility expenses 2,920 1,447 5,638 2,252 Other general and administrative expenses 46 19 90 57 Total expenses 3,101 1,504 5,988 2,366 Net investment income $ 3,515 $ 101 $ 6,597 $ 248 Realized gain on investments — — — 30 Net change in unrealized gain (loss) on investments ( 118 ) 321 391 361 Net realized and unrealized gain (loss) on investments $ ( 118 ) $ 321 $ 391 $ 391 Net income $ 3,397 $ 422 $ 6,988 $ 639 * Service fees are included within the Company’s Consolidated Statements of Operations as other income. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2024 | |
Subsequent Events [Abstract] | |
Subsequent Events | Note 18. Subsequent Events The Company has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the consolidated financial statements were issued. On August 7, 2024, the Board declared a quarterly distribution of $ 0.41 per share payable on September 27, 2024 to holders of record as of September 13, 2024. |
Significant Accounting Polici_2
Significant Accounting Policies (Policies) | 6 Months Ended |
Jun. 30, 2024 | |
Accounting Policies [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements The Company’s management does not believe that any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements. |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Earnings Per Share [Abstract] | |
Summary of Computation of Basic And Diluted Net | The following table sets forth the computation of basic and diluted net increase in net assets per share resulting from operations, pursuant to ASC 260-10, for the three and six months ended June 30, 2024 and 2023: Three months ended June 30, Six months ended June 30, 2024 2023 2024 2023 Earnings per share (basic & diluted) Numerator - net increase in net assets resulting from $ 23,228 $ 18,995 $ 51,099 $ 25,819 Denominator - weighted average shares: 54,554,634 55,554,634 54,554,634 54,554,642 Earnings per share: $ 0.43 $ 0.35 $ 0.94 $ 0.47 |
Fair Value (Tables)
Fair Value (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Fair Value Disclosures [Abstract] | |
Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis | The following tables present the balances of assets measured at fair value on a recurring basis, as of June 30, 2024 and December 31, 2023: Fair Value Measurements As of June 30, 2024 Level 1 Level 2 Level 3 Measured at Total Assets: Senior Secured Loans $ — $ — $ 1,291,467 $ — $ 1,291,467 Equipment Financing — — 209,457 — 209,457 Preferred Equity — — 2,500 — 2,500 Common Equity/Equity Interests/Warrants 203 — 583,651 49,272 633,126 Total Investments $ 203 $ — $ 2,087,075 $ 49,272 $ 2,136,550 Fair Value Measurements As of December 31, 2023 Level 1 Level 2 Level 3 Measured at Total Assets: Senior Secured Loans $ — $ — $ 1,277,539 $ — $ 1,277,539 Equipment Financing — — 256,819 — 256,819 Preferred Equity — — 3,801 — 3,801 Common Equity/Equity Interests/Warrants 281 — 572,427 43,899 616,607 Total Investments $ 281 $ — $ 2,110,586 $ 43,899 $ 2,154,766 * In accordance with ASC 820-10, certain investments that are measured using the net asset value per share (or its equivalent) as a practical expedient for fair value have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Statements of Assets and Liabilities. The portfolio investment in this category is SSLP (as defined below). See Note 17 for more information on this investment, including its investment strategy and the Company’s unfunded equity commitment to SSLP. This investment is not redeemable by the Company absent an election by the members of the entity to liquidate all investments and distribute the proceeds to the members. |
Summary of Changes in Fair Value of Level 3 Assets and Liabilities | The following tables provide a summary of the changes in fair value of Level 3 assets for the three and six months ended June 30, 2024, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets still held at June 30, 2024: Fair Value Measurements Using Level 3 Inputs Senior Equipment Preferred Equity Common Total Fair value, March 31, 2024 $ 1,263,015 $ 239,339 $ 2,500 $ 579,566 $ 2,084,420 Total gains or losses included in earnings: Net realized gain (loss) 185 — — ( 19 ) 166 Net change in unrealized gain (loss) 620 ( 3,106 ) — 1,334 ( 1,152 ) Purchase of investment securities* 93,794 62 — 2,770 96,626 Proceeds from dispositions of investment securities ( 66,147 ) ( 26,838 ) — — ( 92,985 ) Transfers in/out of Level 3 — — — — — Fair value, June 30, 2024 $ 1,291,467 $ 209,457 $ 2,500 $ 583,651 $ 2,087,075 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 865 $ ( 3,106 ) $ — $ 1,334 $ ( 907 ) Senior Equipment Preferred Equity Common Total Fair value, December 31, 2023 $ 1,277,539 $ 256,819 $ 3,801 $ 572,427 $ 2,110,586 Total gains or losses included in earnings: Net realized gain (loss) 409 — — ( 19 ) 390 Net change in unrealized gain (loss) 4,066 ( 4,446 ) ( 1,364 ) 4,139 2,395 Purchase of investment securities* 189,779 7 63 7,104 196,953 Proceeds from dispositions of investment securities ( 180,326 ) ( 42,923 ) — — ( 223,249 ) Transfers in/out of Level 3 — — — — — Fair value, June 30, 2024 $ 1,291,467 $ 209,457 $ 2,500 $ 583,651 $ 2,087,075 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 4,994 $ ( 4,446 ) $ ( 1,364 ) $ 4,139 $ 3,323 * Includes PIK capitalization and accretion of discount. While the Company has not made an election to apply the fair value option of accounting to any of its current debt obligations, if the Company’s debt obligations were carried at fair value at June 30, 2024, the fair value of the Credit Facility, SPV Credit Facility, 2024 Unsecured Notes, 2025 Unsecured Notes, 2026 Unsecured Notes, 2027 Unsecured Notes and 2027 Series F Unsecured Notes (each as defined below) would be $ 501,000 , $ 187,850 , $ 123,938 , $ 83,640 , $ 72,000 , $ 46,125 and $ 126,225 , respectively. All debt obligations would be considered Level 3 liabilities and would be valued with market yield as the unobservable input. The following table provides a summary of the changes in fair value of Level 3 assets for the year ended December 31, 2023, as well as the portion of gains or losses included in income attributable to unrealized gains or losses related to those assets still held at December 31, 2023: Fair Value Measurements Using Level 3 Inputs Senior Equipment Preferred Common Total Fair value, December 31, 2022 $ 1,245,414 $ 265,952 $ 3,801 $ 561,600 $ 2,076,767 Total gains or losses included in earnings: Net realized loss ( 26,108 ) — — ( 451 ) ( 26,559 ) Net change in unrealized gain (loss) 36,436 234 ( 251 ) ( 24,985 ) 11,434 Purchase of investment securities* 729,964 35,585 251 36,314 802,114 Proceeds from dispositions of investment securities ( 708,167 ) ( 44,952 ) — ( 51 ) ( 753,170 ) Transfers in/out of Level 3 — — — — — Fair value, December 31, 2023 $ 1,277,539 $ 256,819 $ 3,801 $ 572,427 $ 2,110,586 Unrealized gains (losses) for the period relating to those Net change in unrealized gain (loss) $ 31,484 $ 234 $ ( 251 ) $ ( 24,985 ) $ 6,482 * Includes PIK capitalization and accretion of discount |
Summary of Quantitative Information about the Company's Level 3 Asset and Liability | Quantitative information about the Company’s Level 3 asset and liability fair value measurements as of June 30, 2024 is summarized in the table below: Asset or Fair Value at Principal Valuation Unobservable Range (Weighted Senior Secured Loans Asset $ 1,283,640 Income Approach Market Yield 10.3 % – 28.9 % ( 13.2 %) $ 7,827 Recovery Analysis Recoverable Amount N/A Equipment Financing Asset $ 93,457 Income Approach Market Yield 9.5 % – 9.5 % ( 9.5 %) $ 116,000 Market Multiple (1) Comparable Multiple 1.2 x – 1.5 x ( 1.5 x) Preferred Equity Asset $ 2,500 Income Approach Market Yield N/A Common Equity/Equity Asset $ 169,181 Market Multiple (2) Comparable Multiple 5.5 x – 11.3 x ( 8.9 x) $ 414,470 Market Approach Return on Equity 2.9 % – 24.7 % ( 11.6 %) (1) Includes $ 116,000 of investments valued using an implied multiple. (2) Includes $ 386 of investments valued using a Black-Scholes model and $ 168,795 of investments valued using an EBITDA multiple. Quantitative information about the Company’s Level 3 asset and liability fair value measurements as of December 31, 2023 is summarized in the table below: Asset or Fair Value at Principal Valuation Unobservable Range (Weighted Senior Secured Loans Asset $ 1,269,712 Income Approach Market Yield 10.0 % – 45.5 % ( 13.2 %) $ 7,827 Recovery Analysis Recoverable Amount N/A Equipment Financing Asset $ 135,999 Income Approach Market Yield 8.5 % – 9.3 % ( 9.3 %) $ 120,820 Market Multiple (1) Comparable Multiple 1.2 x – 1.5 x ( 1.4 x) Preferred Equity Asset $ 3,801 Income Approach Market Yield 5.0 % – 5.0 % ( 5.0 %) Common Equity/Equity Asset $ 162,207 Market Multiple (2) Comparable Multiple 5.5 x – 11.3 x ( 9.5 x) $ 410,220 Market Approach Return on Equity 7.1 % – 34.8 % ( 10.6 %) (1) Includes $ 120,820 of investments valued using an implied multiple. Includes $ 525 of investments valued using a Black-Scholes model and $ 161,682 of investments valued using an EBITDA multiple. |
Debt (Tables)
Debt (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Debt Instruments [Abstract] | |
Schedule of Long-term Debt Instruments | Our debt obligations consisted of the following as of June 30, 2024 and December 31, 2023: June 30, 2024 December 31, 2023 Facility Face Amount Carrying Value Face Amount Carrying Value Credit Facility $ 501,000 $ 497,965 (1) $ 507,000 $ 503,358 (1) SPV Credit Facility 187,850 187,019 (2) 206,250 205,357 (2) 2024 Unsecured Notes 125,000 124,860 (3) 125,000 124,711 (3) 2025 Unsecured Notes 85,000 84,867 (4) 85,000 84,781 (4) 2026 Unsecured Notes 75,000 74,677 (5) 75,000 74,616 (5) 2027 Unsecured Notes 50,000 49,972 (6) 50,000 49,966 (6) 2027 Series F Unsecured Notes 135,000 134,993 (7) 135,000 134,988 (7) $ 1,158,850 $ 1,154,353 $ 1,183,250 $ 1,177,777 (1) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 3,035 and $ 3,642 as of June 30, 2024 and December 31, 2023, respectively . (2) Carrying Value equals the Face Amount net of unamortized market discount of $ 831 and $ 893 as of June 30, 2024 and December 31, 2023, respectively . (3) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 140 and $ 289 as of June 30, 2024 and December 31, 2023, respectively. (4) Carrying Value equals the Face Amount net of unamortized market discount of $ 133 and $ 219 as of June 30, 2024 and December 31, 2023, respectively . (5) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 323 and $ 384 as of June 30, 2024 and December 31, 2023, respectively . (6) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 28 and $ 34 as of June 30, 2024 and December 31, 2023, respectively . (7) Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 7 and $ 12 as of June 30, 2024 and December 31, 2023, respectively . |
Financial Highlights (Tables)
Financial Highlights (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Investment Company, Financial Highlights [Abstract] | |
Schedule of financial highlights | The following is a schedule of financial highlights for the six months ended June 30, 2024 and 2023: Six months ended Six months ended Per Share Data: (a) Net asset value, beginning of year $ 18.09 $ 18.33 Net investment income 0.88 0.82 Net realized and unrealized gain (loss) 0.05 ( 0.35 ) Net increase in net assets resulting from operations 0.93 0.47 Distributions to stockholders: From distributable earnings ( 0.82 ) ( 0.82 ) From return of capital — — Net asset value, end of period $ 18.20 $ 17.98 Per share market value, end of period $ 16.09 $ 14.27 Total Return (b)(c) 12.70 % 8.41 % Net assets, end of period $ 993,003 $ 980,805 Shares outstanding, end of period 54,554,634 54,554,634 Ratios to average net assets (c): Net investment income 4.87 % 4.52 % Operating expenses 3.29 %* 3.22 %* Interest and other credit facility expenses 3.67 % 3.34 % Total expenses 6.96 %* 6.56 %* Average debt outstanding $ 1,148,919 $ 1,125,576 Portfolio turnover ratio 9.0 % 12.6 % (a) Calculated using the average shares outstanding method. (b) Total return is based on the change in market price per share during the period and takes into account distributions, if any, reinvested in accordance with the dividend reinvestment plan. The market price per share as of December 31, 2023 and December 31, 2022 was $ 15.03 and $ 13.91 , respectively. Total return does not include a sales load. (c) Not annualized for periods less than one year. * The ratio of operating expenses to average net assets and the ratio of total expenses to average net assets is shown net of the performance-based incentive fee waiver (see note 3). For the six months ended June 30, 2024 and 2023, the ratios of operating expenses to average net assets would be 3.30 % and 3.24 %, respectively, without the performance-based incentive fee waiver. For the six months ended June 30, 2024 and 2023, the ratios of total expenses to average net assets would be 6.97 % and 6.58 %, respectively, without the performance-based incentive fee waiver. |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Commitments and Contingencies Disclosure [Abstract] | |
Summary of unfunded debt and equity commitments | The total amount of these unfunded commitments as of June 30, 2024 and December 31, 2023 was $ 183,843 and $ 248,692 , respectively, comprised of the following: June 30, December 31, SLR Credit Solutions* $ 44,263 $ 44,263 BDG Media, Inc. 15,259 10,146 CVAUSA Management, LLC 10,164 10,164 iCIMS, Inc. 9,571 9,858 Copper River Seafoods, Inc. 7,716 7,051 One Touch Direct, LLC 7,087 4,085 SPR Therapeutics, Inc. 6,083 — Quantcast Corporation 5,882 — SPAR Marketing Force, Inc. 5,769 8,339 West-NR Parent, Inc. 5,043 5,043 DeepIntent, Inc. 4,828 3,933 33 Across Inc. 4,712 — Luxury Asset Capital, LLC 4,500 4,500 Western Veterinary Partners LLC 3,638 — Southern Orthodontic Partners Management, LLC 3,542 17,861 The Townsend Company, LLC 3,456 3,330 United Digestive MSO Parent, LLC 3,388 3,909 Vertos Medical, Inc. 3,325 3,325 Foundation Consumer Brands, LLC 3,009 3,009 Kid Distro Holdings, LLC 2,650 2,650 Erie Construction Mid-west, LLC 2,403 2,403 SLR Senior Lending Program LLC* 2,125 7,125 Basic Fun, Inc. 2,121 2,150 Bayside Opco, LLC 2,093 2,093 Kaseya, Inc. 1,917 3,768 EyeSouth Eye Care Holdco LLC 1,857 983 Ultimate Baked Goods Midco LLC 1,805 2,356 SunMed Group Holdings, LLC 1,621 1,621 AMF Levered II, LLC 1,589 3,177 Sightly Enterprises, Inc. 1,544 — SLR Healthcare ABL* 1,400 1,400 Brainjolt LLC 1,387 — RxSense Holdings LLC 1,250 1,250 Tilley Distribution, Inc. 1,158 1,158 Vapotherm, Inc. 1,034 — GSM Acquisition Corp 862 862 UVP Management, LLC 809 2,869 ENS Holdings III Corp, LLC 691 576 High Street Buyer, Inc. 631 631 CC SAG Holdings Corp. (Spectrum Automotive) 548 548 Vessco Midco Holdings, LLC 325 310 TAUC Management, LLC 294 294 Shoes for Crews Global, LLC 276 — All States Ag Parts, LLC 218 321 Orthopedic Care Partners Management, LLC — 20,770 Ardelyx, Inc. — 15,875 Retina Midco, Inc. — 9,382 Alkeme Intermediary Holdings, LLC — 8,531 Legacy Service Partners, LLC — 5,368 Peter C. Foy & Associates Insurance Services, LLC — 5,062 SLR Equipment Finance* — 2,150 Urology Management Holdings, Inc. — 1,510 Medrina, LLC — 826 Pinnacle Treatment Centers, Inc. — 643 Crewline Buyer, Inc. — 530 Exactcare Parent, Inc. — 352 WCI-BXC Purchaser, LLC — 332 Total Commitments $ 183,843 $ 248,692 * The Company controls the funding of these commitments and may cancel them at its discretion. |
Capital Share Transactions (Tab
Capital Share Transactions (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Stockholders' Equity Note [Abstract] | |
Schedule of Stockholders Equity | Transactions in capital stock were as follows: Shares Amount Three months Three months ended June 30, 2023 Three months Three months ended June 30, 2023 Shares repurchased — — $ — $ — Shares Amount Six months Six months ended June 30, 2023 Six months Six months ended June 30, 2023 Shares repurchased — ( 746 ) $ — $ ( 10 ) |
SLR Senior Lending Program LLC
SLR Senior Lending Program LLC (Tables) | 6 Months Ended |
Jun. 30, 2024 | |
Investments, Debt and Equity Securities [Abstract] | |
SSLP Portfolio | As of June 30, 2024 and December 31, 2023, SSLP had total assets of $ 236,966 and $ 195,868 , respectively. For the same periods, SSLP’s portfolio consisted of floating rate senior secured loans to 39 and 32 different borrowers, respectively. For the three months ended June 30, 2024, SSLP invested $ 11,444 in 7 portfolio companies. Investments prepaid totaled $ 7,702 for the three months ended June 30, 2024. For the three months ended June 30, 2023, SSLP invested $ 32,557 in 9 portfolio companies. Investments prepaid totaled $ 182 for the three months ended June 30, 2023. SSLP Portfolio as of June 30, 2024 Description Industry Spread (1) Floor Interest (2) Maturity Par Cost Fair (3) Accession Risk Management Group, Inc. Insurance S+ 550 0.75 % 10.98 % 11/1/29 $ 6,923 $ 6,898 $ 6,923 Aegis Toxicology Sciences Corporation (4) Health Care Providers & Services S+ 550 1.00 % 11.09 % 5/9/25 2,921 2,921 2,921 Alkeme Intermediary Holdings, LLC (4) Insurance S+ 600 1.00 % 11.44 % 10/28/26 6,026 5,872 6,026 All States Ag Parts, LLC (4) Trading Companies & Distributors S+ 600 1.00 % 11.60 % 9/1/26 2,122 2,122 2,122 Apex Service Partners, LLC Diversified Consumer Services S+ 700 1.00 % 11.83 % 10/24/30 5,834 5,698 5,834 Atria Wealth Solutions, Inc. (4) Diversified Financial Services S+ 650 1.00 % 12.09 % 11/29/24 2,456 2,456 2,456 BayMark Health Services, Inc. (4) Health Care Providers & Services S+ 500 1.00 % 10.60 % 6/11/27 4,013 4,013 3,932 CC SAG Holdings Corp. (4) Diversified Consumer Services S+ 525 0.75 % 10.59 % 6/29/28 8,923 8,923 8,923 Crewline Buyer, Inc. IT Services S+ 675 1.00 % 12.08 % 11/8/30 5,084 4,960 5,084 CVAUSA Management, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.75 % 5/22/29 5,384 5,235 5,384 ENS Holdings III Corp. & ES Opco USA LLC (4) Trading Companies & Distributors S+ 475 1.00 % 10.19 % 12/31/25 1,080 1,080 1,080 Erie Construction Mid-west, LLC Building Products S+ 475 1.00 % 10.15 % 7/30/27 8,229 8,229 8,229 Exactcare Parent, Inc. Health Care Providers & Services S+ 650 1.00 % 11.84 % 11/5/29 3,220 3,135 3,220 Fertility (ITC) Investment Holdco, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.78 % 1/3/29 5,925 5,774 5,925 Foundation Consumer Brands, LLC (4) Personal Products S+ 625 1.00 % 11.73 % 2/12/27 8,551 8,551 8,551 GSM Acquisition Corp. (4) Leisure Equipment & Products S+ 500 1.00 % 10.46 % 11/16/26 8,497 8,497 8,497 Higginbotham Insurance Agency, Inc. (4) Insurance S+ 550 1.00 % 10.94 % 11/25/28 7,535 7,535 7,535 High Street Buyer, Inc. Insurance S+ 525 0.75 % 10.59 % 4/16/28 7,565 7,565 7,565 iCIMS, Inc. (4) Software S+ 725 0.75 % 12.58 % 8/18/28 3,150 3,109 3,150 Kaseya, Inc. (4) Software S+ 550 0.75 % 10.83 % 6/23/29 9,172 9,172 9,172 Kid Distro Holdings, LLC (4) Software S+ 550 1.00 % 10.94 % 10/1/27 8,893 8,893 8,893 Legacy Service Partners, LLC Diversified Consumer Services S+ 575 1.00 % 11.23 % 1/9/29 1,947 1,900 1,947 Maxor Acquisition, Inc. (4) Health Care Providers & Services S+ 675 1.00 % 12.29 % 3/1/29 6,089 5,923 6,089 Medrina, LLC Health Care Providers & Services S+ 625 1.00 % 11.55 % 10/20/29 2,398 2,341 2,398 ONS MSO, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.57 % 7/8/26 5,878 5,753 5,878 Plastics Management, LLC (4) Health Care Providers & Services S+ 500 1.00 % 10.44 % 8/18/27 5,608 5,461 5,608 Retina Midco, Inc. (4) Health Care Providers & Services S+ 575 1.00 % 11.34 % 1/31/26 9,962 9,784 9,962 RQM+ Corp. (4) Life Sciences Tools & Services S+ 575 1.00 % 11.35 % 8/12/26 5,924 5,924 5,776 RxSense Holdings LLC (4) Diversified Consumer Services S+ 50 0 1.00 % 10.43 % 3/13/26 8,922 8,922 8,922 SunMed Group Holdings, LLC (4) Health Care Equipment & Supplies S+ 550 0.75 % 10.93 % 6/16/28 8,902 8,902 8,902 The Townsend Company, LLC (4) Commercial Services & Supplies S+ 625 1.00 % 11.59 % 8/15/29 3,557 3,477 3,557 Tilley Distribution, Inc. (4) Trading Companies & Distributors S+ 600 1.00 % 11.49 % 12/31/26 5,637 5,637 5,524 Ultimate Baked Goods Midco LLC (4) Packaged Foods & Meats S+ 625 1.00 % 11.69 % 8/13/27 8,909 8,909 8,864 United Digestive MSO Parent, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.80 % 3/30/29 3,574 3,476 3,574 Urology Management Holdings, Inc. (4) Health Care Providers & Services S+ 625 1.00 % 11.73 % 6/15/26 3,684 3,607 3,684 UVP Management, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.73 % 9/15/25 4,883 4,791 4,736 Vessco Midco Holdings, LLC (4) Water Utilities S+ 450 1.00 % 9.75 % 11/2/26 4,282 4,282 4,282 WCI-BXC Purchaser, LLC Distributors S+ 625 1.00 % 11.59 % 11/6/30 2,890 2,820 2,890 West-NR Parent, Inc. (4) Insurance S+ 625 1.00 % 11.68 % 12/27/27 6,788 6,670 6,788 $ 219,217 $ 220,803 (1) Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. (2) Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of June 30, 2024. (3) Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. (4) The Company also holds this security on its Consolidated Statements of Assets and Liabilities. SSLP Portfolio as of December 31, 2023 Description Industry Spread (1) Floor Interest (2) Maturity Par Cost Fair (3) Aegis Toxicology Sciences Corporation (4) Health Care Providers & Services S+ 550 1.00 % 11.13 % 5/9/25 $ 2,947 $ 2,947 $ 2,947 Alkeme Intermediary Holdings, LLC (4) Insurance S+ 650 1.00 % 11.96 % 10/28/26 3,017 2,934 3,017 All States Ag Parts, LLC (4) Trading Companies & Distributors S+ 600 1.00 % 11.61 % 9/1/26 2,133 2,133 2,133 Apex Service Partners, LLC Diversified Consumer Services S+ 700 1.00 % 11.87 % 10/24/30 4,905 4,784 4,783 Atria Wealth Solutions, Inc. (4) Diversified Financial Services S+ 650 1.00 % 11.97 % 5/31/24 2,468 2,468 2,468 BayMark Health Services, Inc. (4) Health Care Providers & Services S+ 500 1.00 % 10.61 % 6/11/27 4,033 4,033 4,033 CC SAG Holdings Corp. (4) Diversified Consumer Services S+ 575 0.75 % 11.22 % 6/29/28 8,969 8,969 8,969 CVAUSA Management, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.74 % 5/22/29 5,412 5,251 5,412 ENS Holdings III Corp. & ES Opco USA LLC (4) Trading Companies & Distributors S+ 475 1.00 % 10.20 % 12/31/25 1,086 1,086 1,086 Erie Construction Mid-west, LLC Building Products S+ 475 1.00 % 10.20 % 7/30/27 8,457 8,457 8,457 Fertility (ITC) Investment Holdco, LLC (4) Health Care Providers & Services S+ 650 1.00 % 11.97 % 1/3/29 5,955 5,791 5,955 Foundation Consumer Brands, LLC (4) Personal Products S+ 625 1.00 % 11.79 % 2/12/27 8,641 8,641 8,641 GSM Acquisition Corp. (4) Leisure Equipment & Products S+ 500 1.00 % 10.47 % 11/16/26 8,541 8,541 8,541 Higginbotham Insurance Agency, Inc. (4) Insurance S+ 550 1.00 % 10.96 % 11/25/28 7,573 7,573 7,573 High Street Buyer, Inc. Insurance S+ 575 0.75 % 11.25 % 4/16/28 7,604 7,604 7,604 iCIMS, Inc. (4) Software S+ 725 0.75 % 12.62 % 8/18/28 3,089 3,066 3,089 Kaseya, Inc. (4) Software S+ 600 0.75 % 11.38 % 6/23/29 9,058 9,058 9,058 Kid Distro Holdings, LLC (4) Software S+ 550 1.00 % 11.00 % 10/1/27 8,939 8,939 8,939 Maxor Acquisition, Inc. (4) Health Care Providers & Services S+ 675 1.00 % 12.48 % 3/1/29 6,120 5,940 6,120 ONS MSO, LLC (4) Health Care Providers & Services S+ 625 1.00 % 11.62 % 7/8/26 5,922 5,784 5,922 Pinnacle Treatment Centers, Inc. (4) Health Care Providers & Services S+ 650 1.00 % 11.95 % 1/2/26 6,951 6,951 6,951 Plastics Management, LLC (4) Health Care Providers & Services S+ 500 1.00 % 10.45 % 8/18/27 5,637 5,471 5,637 RQM+ Corp. (4) Life Sciences Tools & Services S+ 575 1.00 % 11.36 % 8/12/26 5,955 5,955 5,955 RxSense Holdings LLC (4) Diversified Consumer Services S+ 500 1.00 % 10.48 % 3/13/26 8,968 8,968 8,968 SunMed Group Holdings, LLC (4) Health Care Equipment & Supplies S+ 550 0.75 % 10.96 % 6/16/28 8,948 8,948 8,948 The Townsend Company, LLC (4) Commercial Services & Supplies S+ 625 1.00 % 11.61 % 8/15/29 3,642 3,555 3,642 Tilley Distribution, Inc. (4) Trading Companies & Distributors S+ 600 1.00 % 11.50 % 12/31/26 5,850 5,850 5,850 Ultimate Baked Goods Midco LLC (4) Packaged Foods & Meats S+ 625 1.00 % 11.71 % 8/13/27 8,954 8,954 8,865 United Digestive MSO Parent, LLC (4) Health Care Providers & Services S+ 675 1.00 % 12.25 % 3/30/29 3,411 3,311 3,411 Urology Management Holdings, Inc. (4) Health Care Providers & Services S+ 650 1.00 % 11.93 % 6/15/26 3,179 3,102 3,155 Vessco Midco Holdings, LLC (4) Water Utilities S+ 450 1.00 % 9.96 % 11/2/26 4,304 4,304 4,304 West-NR Parent, Inc. (4) Insurance S+ 625 1.00 % 11.70 % 12/27/27 6,822 6,691 6,822 $ 186,059 $ 187,255 (1) Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. (2) Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of December 31, 2023. (3) Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. (4) The Company also holds this security on its Consolidated Statements of Assets and Liabilities. |
Summary financial information for SSLP | Below is certain summarized financial information for SSLP as of June 30, 2024 and December 31, 2023 and for the three and six months ended June 30, 2024 and June 30, 2023: June 30, 2024 December 31, Selected Balance Sheet Information for SSLP: Investments at fair value (cost $ 219,217 and $ 186,059 , $ 220,803 $ 187,255 Cash and other assets 16,163 8,613 Total assets $ 236,966 $ 195,868 Debt outstanding ($ 135,800 and $ 106,900 face amounts, 1,851 and $ 1,697 , respectively) $ 133,949 $ 105,203 Distributions payable 3,365 1,900 Interest payable and other credit facility related expenses 597 551 Accrued expenses and other payables 510 416 Total liabilities $ 138,421 $ 108,070 Members’ equity $ 98,545 $ 87,798 Total liabilities and members’ equity $ 236,966 $ 195,868 Three months ended Six months ended June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023 Selected Income Statement Information for SSLP: Interest income $ 6,616 $ 1,605 $ 12,585 $ 2,614 Service fees* 135 38 260 57 Interest and other credit facility expenses 2,920 1,447 5,638 2,252 Other general and administrative expenses 46 19 90 57 Total expenses 3,101 1,504 5,988 2,366 Net investment income $ 3,515 $ 101 $ 6,597 $ 248 Realized gain on investments — — — 30 Net change in unrealized gain (loss) on investments ( 118 ) 321 391 361 Net realized and unrealized gain (loss) on investments $ ( 118 ) $ 321 $ 391 $ 391 Net income $ 3,397 $ 422 $ 6,988 $ 639 * Service fees are included within the Company’s Consolidated Statements of Operations as other income. |
Organization - Additional Infor
Organization - Additional Information (Details) - $ / shares | Apr. 01, 2022 | Feb. 10, 2010 | Dec. 31, 2023 |
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Shares issued, price per share | $ 14.02 | ||
IPO [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Stock issued during period, shares | 5,680,000 | ||
Over-Allotment Option [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Share price | $ 18.5 | ||
Private Placement [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Stock issued during period, shares | 600,000 | ||
Share price | $ 18.5 | ||
Common Stock [Member] | SUNS Company Merger [Member] | |||
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items] | |||
Shares issued, price per share | $ 0.7796 | ||
Stock issued during period, shares, acquisitions | 12,511,825 |
Significant Accounting Polici_3
Significant Accounting Policies - Additional Information (Details) | 6 Months Ended |
Jun. 30, 2024 | |
Property, Plant and Equipment [Line Items] | |
Percentage of excise tax | 4% |
Maximum [Member] | |
Property, Plant and Equipment [Line Items] | |
Debt instrument term | 60 days |
Restricted investment term | 90 days |
Minimum [Member] | |
Property, Plant and Equipment [Line Items] | |
Debt instrument term | 60 days |
Restricted investment term | 30 days |
Agreements - Additional Informa
Agreements - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Agreement [Line Items] | ||||
Management fees | $ 7,875 | $ 7,878 | $ 15,757 | $ 15,584 |
Administrative fees expense | 1,376 | 1,480 | 2,752 | 2,988 |
Performance Based Incentive Fees Waiver | 44 | 125 | $ 90 | 235 |
Advisory Agreement [Member] | ||||
Agreement [Line Items] | ||||
Pre-incentive fee net investment income Quarter hurdle rate | 1.75% | |||
Pre-incentive fee net investment income Annual hurdle rate | 7% | |||
Percentage of cumulative realized capital gain loss | 20% | |||
Percentage of cumulative net realized gain and unrealized capital appreciation | 20% | |||
Management fees | 7,875 | 7,878 | $ 15,757 | 15,584 |
Performance based incentive fees | 6,068 | 5,638 | 12,020 | 11,147 |
Administrative fees expense | $ 1,376 | $ 1,480 | $ 2,752 | $ 2,988 |
Advisory Agreement [Member] | Minimum [Member] | ||||
Agreement [Line Items] | ||||
Percentage of gross assets | 1% | |||
Percentage of total net assets | 200% | |||
Percentage of pre-incentive fee net investment income | 100% | |||
Advisory Agreement [Member] | Maximum [Member] | ||||
Agreement [Line Items] | ||||
Percentage of gross assets | 1.50% | |||
Percentage of total net assets | 200% | |||
Percentage of pre-incentive fee net investment income | 20% |
Net Asset Value Per Share - Add
Net Asset Value Per Share - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | Jun. 30, 2024 | Mar. 31, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 |
Net Asset Value Per Share [Abstract] | ||||||
Net assets | $ 993,003 | $ 992,143 | $ 986,639 | $ 980,805 | $ 984,178 | $ 999,731 |
Net asset value per share | $ 18.2 | $ 18.09 | $ 17.98 | $ 18.33 |
Earnings Per Share - Summary of
Earnings Per Share - Summary of Computation of Basic and Diluted Net (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
Earnings Per Share [Abstract] | ||||
Net Income (Loss) | $ 23,228 | $ 18,995 | $ 51,099 | $ 25,819 |
Denominator - weighted average shares, Basic | 54,554,634 | 55,554,634 | 54,554,634 | 54,554,642 |
Denominator-weighted average shares, Diluted | 54,554,634 | 55,554,634 | 54,554,634 | 54,554,642 |
Earnings per share, Basic | $ 0.43 | $ 0.35 | $ 0.94 | $ 0.47 |
Earnings per share, Diluted | $ 0.43 | $ 0.35 | $ 0.94 | $ 0.47 |
Fair Value - Summary of Assets
Fair Value - Summary of Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 116,000 | $ 120,820 |
Recurring Fair Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 2,136,550 | 2,154,766 |
Recurring Fair Value [Member] | Measured at Net Asset Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 49,272 | 43,899 |
Recurring Fair Value [Member] | Senior Secured Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 1,291,467 | 1,277,539 |
Recurring Fair Value [Member] | Senior Secured Loans [Member] | Measured at Net Asset Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Equipment Financing [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 209,457 | 256,819 |
Recurring Fair Value [Member] | Equipment Financing [Member] | Measured at Net Asset Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Preferred Equity [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 2,500 | 3,801 |
Recurring Fair Value [Member] | Preferred Equity [Member] | Measured at Net Asset Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Common Equity/Equity Interests/Warrants [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 633,126 | 616,607 |
Recurring Fair Value [Member] | Common Equity/Equity Interests/Warrants [Member] | Measured at Net Asset Value [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 49,272 | 43,899 |
Recurring Fair Value [Member] | Level 1 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 203 | 281 |
Recurring Fair Value [Member] | Level 1 [Member] | Senior Secured Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 1 [Member] | Equipment Financing [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 1 [Member] | Preferred Equity [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 1 [Member] | Common Equity/Equity Interests/Warrants [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 203 | 281 |
Recurring Fair Value [Member] | Level 2 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 2 [Member] | Senior Secured Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 2 [Member] | Equipment Financing [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 2 [Member] | Preferred Equity [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 2 [Member] | Common Equity/Equity Interests/Warrants [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 0 | 0 |
Recurring Fair Value [Member] | Level 3 [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 2,087,075 | 2,110,586 |
Recurring Fair Value [Member] | Level 3 [Member] | Senior Secured Loans [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 1,291,467 | 1,277,539 |
Recurring Fair Value [Member] | Level 3 [Member] | Equipment Financing [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 209,457 | 256,819 |
Recurring Fair Value [Member] | Level 3 [Member] | Preferred Equity [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | 2,500 | 3,801 |
Recurring Fair Value [Member] | Level 3 [Member] | Common Equity/Equity Interests/Warrants [Member] | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Assets | $ 583,651 | $ 572,427 |
Fair Value - Summary of Changes
Fair Value - Summary of Changes in Fair Value of Level 3 Assets and Liabilities (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | ||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||
Opening balance | $ 2,084,420 | $ 2,110,586 | $ 2,076,767 | |||
Net realized gain (loss) | 166 | 390 | (26,559) | |||
Net change in unrealized gain (loss) | (1,152) | 2,395 | $ 11,434 | |||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net Change In Unrealized Gain Loss On Investments | |||||
Purchase of investment securities | 96,626 | [1] | 196,953 | [1] | $ 802,114 | [2] |
Proceeds from dispositions of investment securities | (92,985) | (223,249) | (753,170) | |||
Transfers in/out of Level 3 | 0 | 0 | 0 | |||
Closing balance | 2,087,075 | 2,087,075 | 2,110,586 | |||
Net change in unrealized gain (loss) | (907) | 3,323 | $ 6,482 | |||
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Net Change In Unrealized Gain Loss On Investments | |||||
Senior Secured Loans [Member] | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||
Opening balance | 1,263,015 | 1,277,539 | $ 1,245,414 | |||
Net realized gain (loss) | 185 | 409 | (26,108) | |||
Net change in unrealized gain (loss) | 620 | 4,066 | 36,436 | |||
Purchase of investment securities | 93,794 | [1] | 189,779 | [1] | 729,964 | [2] |
Proceeds from dispositions of investment securities | (66,147) | (180,326) | (708,167) | |||
Transfers in/out of Level 3 | 0 | 0 | 0 | |||
Closing balance | 1,291,467 | 1,291,467 | 1,277,539 | |||
Net change in unrealized gain (loss) | 865 | 4,994 | 31,484 | |||
Equipment Financing [Member] | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||
Opening balance | 239,339 | 256,819 | 265,952 | |||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | (3,106) | (4,446) | 234 | |||
Purchase of investment securities | 62 | [1] | 7 | [1] | 35,585 | [2] |
Proceeds from dispositions of investment securities | (26,838) | (42,923) | (44,952) | |||
Transfers in/out of Level 3 | 0 | 0 | 0 | |||
Closing balance | 209,457 | 209,457 | 256,819 | |||
Net change in unrealized gain (loss) | (3,106) | (4,446) | 234 | |||
Preferred Equity [Member] | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||
Opening balance | 2,500 | 3,801 | 3,801 | |||
Net realized gain (loss) | 0 | 0 | ||||
Net change in unrealized gain (loss) | (1,364) | (251) | ||||
Purchase of investment securities | 0 | [1] | 63 | [1] | 251 | [2] |
Proceeds from dispositions of investment securities | 0 | 0 | ||||
Transfers in/out of Level 3 | 0 | 0 | 0 | |||
Closing balance | 2,500 | 2,500 | 3,801 | |||
Net change in unrealized gain (loss) | 0 | (1,364) | (251) | |||
Common Equity/Equity Interests/Warrants [Member] | ||||||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||||||
Opening balance | 579,566 | 572,427 | 561,600 | |||
Net realized gain (loss) | (19) | (19) | (451) | |||
Net change in unrealized gain (loss) | 1,334 | 4,139 | (24,985) | |||
Purchase of investment securities | 2,770 | [1] | 7,104 | [1] | 36,314 | [2] |
Proceeds from dispositions of investment securities | 0 | 0 | (51) | |||
Transfers in/out of Level 3 | 0 | 0 | 0 | |||
Closing balance | 583,651 | 583,651 | 572,427 | |||
Net change in unrealized gain (loss) | $ 1,334 | $ 4,139 | $ (24,985) | |||
[1] Includes PIK capitalization and accretion of discount. Includes PIK capitalization and accretion of discount |
Fair Value - Summary of Fair Va
Fair Value - Summary of Fair Valued Liabilities measured using Significant Unobservable Inputs (Level 3) (Parenthetical) (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
SLRCTerm Loan And Credit Facility [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | $ 501,000 | $ 507,000 |
SPV Credit Facility [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | 187,850 | 206,250 |
2024 Unsecured Notes [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | 123,938 | 122,813 |
2025 Unsecured Notes [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | 83,640 | 82,663 |
2026 Unsecured Notes [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | 72,000 | 71,438 |
2027 Unsecured Notes [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | 46,125 | 45,500 |
2027 Series F Unsecured Notes [Member] | ||
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Debt Instrument, Fair Value Disclosure | $ 126,225 | $ 124,875 |
Fair Value - Summary of Quantit
Fair Value - Summary of Quantitative Information about the Company's Level 3 Asset and Liability (Details) - Level 3 [Member] - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2024 | Dec. 31, 2023 | |
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 116,000 | $ 120,820 |
Senior Secured Loans [Member] | Income Approach [Member] | Market Yield [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 1,283,640 | $ 1,269,712 |
Principal Valuation Technique/Methodology | Income Approach | Income Approach |
Unobservable Input | Market Yield | Market Yield |
Senior Secured Loans [Member] | Recovery Analysis [Member] | Recoverable Amount [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 7,827 | $ 7,827 |
Principal Valuation Technique/Methodology | Recovery Analysis | Recovery Analysis |
Unobservable Input | Recoverable Amount | Recoverable Amount |
Equipment Financing [Member] | Income Approach [Member] | Market Yield [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 93,457 | $ 135,999 |
Principal Valuation Technique/Methodology | Income Approach | Income Approach |
Unobservable Input | Market Yield | Market Yield |
Equipment Financing [Member] | Market Multiple [Member] | Comparable Multiple [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 116,000 | $ 120,820 |
Principal Valuation Technique/Methodology | Market Multiple | Market Multiple |
Unobservable Input | Comparable Multiple | Comparable Multiple |
Preferred Equity [Member] | Income Approach [Member] | Market Yield [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 2,500 | $ 3,801 |
Principal Valuation Technique/Methodology | Income Approach | Income Approach |
Unobservable Input | Market Yield | Market Yield |
Common Equity/Equity Interests/Warrants [Member] | Market Multiple [Member] | Comparable Multiple [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 169,181 | $ 162,207 |
Principal Valuation Technique/Methodology | Market Multiple | Market Multiple |
Unobservable Input | Comparable Multiple | Comparable Multiple |
Common Equity/Equity Interests/Warrants [Member] | Market Approach [Member] | Return on Equity [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Assets | $ 414,470 | $ 410,220 |
Principal Valuation Technique/Methodology | Market Approach | Market Approach |
Unobservable Input | Return on Equity | Return on Equity |
Fair Value - Summary of Quant_2
Fair Value - Summary of Quantitative Information about the Company's Level 3 Asset and Liability (Parenthetical) (Details) $ in Thousands | Jun. 30, 2024 USD ($) | Dec. 31, 2023 USD ($) |
Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 116,000 | $ 120,820 |
Measurement Input, EBITDA Multiple [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | 168,795 | 161,682 |
Black Scholes Pricing Model [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | 386 | 525 |
Senior Secured Loans [Member] | Income Approach [Member] | Market Yield [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 1,283,640 | $ 1,269,712 |
Senior Secured Loans [Member] | Income Approach [Member] | Market Yield [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 10.3 | 10 |
Senior Secured Loans [Member] | Income Approach [Member] | Market Yield [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 28.9 | 45.5 |
Senior Secured Loans [Member] | Income Approach [Member] | Market Yield [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 13.2 | 13.2 |
Equipment Financing [Member] | Income Approach [Member] | Market Yield [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 93,457 | $ 135,999 |
Equipment Financing [Member] | Income Approach [Member] | Market Yield [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 9.5 | 8.5 |
Equipment Financing [Member] | Income Approach [Member] | Market Yield [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 9.5 | 9.3 |
Equipment Financing [Member] | Income Approach [Member] | Market Yield [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 9.5 | 9.3 |
Equipment Financing [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 116,000 | $ 120,820 |
Equipment Financing [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 1.2 | 1.2 |
Equipment Financing [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 1.5 | 1.5 |
Equipment Financing [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 1.5 | 1.4 |
Preferred Equity [Member] | Income Approach [Member] | Market Yield [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 2,500 | $ 3,801 |
Preferred Equity [Member] | Income Approach [Member] | Market Yield [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 5 | |
Preferred Equity [Member] | Income Approach [Member] | Market Yield [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 5 | |
Preferred Equity [Member] | Income Approach [Member] | Market Yield [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 5 | |
Common Equity/Equity Interests/Warrants [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 169,181 | $ 162,207 |
Common Equity/Equity Interests/Warrants [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 5.5 | 5.5 |
Common Equity/Equity Interests/Warrants [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 11.3 | 11.3 |
Common Equity/Equity Interests/Warrants [Member] | Market Multiple [Member] | Comparable Multiple [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 8.9 | 9.5 |
Common Equity/Equity Interests/Warrants [Member] | Market Approach [Member] | Return on Equity [Member] | Level 3 [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Investments at fair value | $ 414,470 | $ 410,220 |
Common Equity/Equity Interests/Warrants [Member] | Market Approach [Member] | Return on Equity [Member] | Minimum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 2.9 | 7.1 |
Common Equity/Equity Interests/Warrants [Member] | Market Approach [Member] | Return on Equity [Member] | Maximum [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 24.7 | 34.8 |
Common Equity/Equity Interests/Warrants [Member] | Market Approach [Member] | Return on Equity [Member] | Weighted Average [Member] | ||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||
Long Term Investments Measurement Input | 11.6 | 10.6 |
Debt - Schedule of Long-term De
Debt - Schedule of Long-term Debt Instruments (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 | |
Debt Instrument [Line Items] | |||
Face Amount | $ 1,158,850 | $ 1,183,250 | |
Total | 1,154,353 | 1,177,777 | |
Credit Facility [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 501,000 | 507,000 | |
Credit Facility, Carrying Value | [1] | 497,965 | 503,358 |
SPV Credit Facility [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 187,850 | 206,250 | |
SPV Credit Facility, Carrying Value | [2] | 187,019 | 205,357 |
2024 Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 125,000 | 125,000 | |
Unsecured Debt | [3] | 124,860 | 124,711 |
2025 Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 85,000 | 85,000 | |
Unsecured Debt | [4] | 84,867 | 84,781 |
2026 Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 75,000 | 75,000 | |
Unsecured Debt | [5] | 74,677 | 74,616 |
2027 Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 50,000 | 50,000 | |
Unsecured Debt | [6] | 49,972 | 49,966 |
2027 Series F Unsecured Notes [Member] | |||
Debt Instrument [Line Items] | |||
Face Amount | 135,000 | 135,000 | |
Unsecured Debt | [7] | $ 134,993 | $ 134,988 |
[1] Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 3,035 and $ 3,642 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized market discount of $ 831 and $ 893 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 140 and $ 289 as of June 30, 2024 and December 31, 2023, respectively. Carrying Value equals the Face Amount net of unamortized market discount of $ 133 and $ 219 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 323 and $ 384 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 28 and $ 34 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 7 and $ 12 as of June 30, 2024 and December 31, 2023, respectively |
Debt - Schedule of Long-term _2
Debt - Schedule of Long-term Debt Instruments (Parenthetical) (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Credit Facility [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | $ 3,035 | $ 3,642 |
SPV Credit Facility [Member] | ||
Debt Instrument [Line Items] | ||
Debt Instrument, Unamortized Discount | 831 | 893 |
2024 Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | 140 | 289 |
2025 Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | 133 | 219 |
2026 Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | 323 | 384 |
2027 Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | 28 | 34 |
2027 Series F Unsecured Notes [Member] | ||
Debt Instrument [Line Items] | ||
Long term debt unamortized debt issuance costs | $ 7 | $ 12 |
Debt - Additional Information (
Debt - Additional Information (Details) - USD ($) $ in Thousands | 4 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
Dec. 31, 2021 | Dec. 18, 2019 | Dec. 31, 2011 | Jun. 30, 2024 | Dec. 31, 2023 | Apr. 01, 2022 | Jan. 06, 2022 | Dec. 28, 2021 | Sep. 14, 2021 | Aug. 26, 2011 | ||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 1,158,850 | $ 1,183,250 | |||||||||
Debt instrument maturity date | Dec. 15, 2024 | ||||||||||
Long term debt weighted average interest over a period of time | 6.04% | 5.88% | |||||||||
Long term debt maximum amount borrowed during the period | $ 1,192,250 | $ 1,273,200 | |||||||||
SPV LLC [Member] | Citi Bank NA [Member] | Line of Credit [Member] | Amendment Agreement To Increase Credit Facility [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility increase | $ 25,000 | ||||||||||
SPV LLC [Member] | Citi Bank NA [Member] | Line of Credit [Member] | Credit Facility Commitment Expired [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility commitment expired | 40,000 | ||||||||||
Credit Facility [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 85,000 | $ 85,000 | |||||||||
Long term debt term | 5 years | ||||||||||
Debt instrument maturity date | Mar. 31, 2025 | ||||||||||
Debt instrument payment terms | Interest on the 2025 Unsecured Notes is due semi-annually on March 31 and September 30 | ||||||||||
Credit Facility One [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument stated interest rate percentage | 3.90% | ||||||||||
Long-term Line of Credit | [1] | $ 187,019 | 205,357 | ||||||||
Two Thousand And Twenty Seven Series F Unsecured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 135,000 | $ 135,000 | |||||||||
Debt instrument maturity date | Jan. 06, 2027 | ||||||||||
Debt instrument payment terms | Interest on the 2027 Series F Unsecured Notes is due semi-annually on January 6 and July 6 | ||||||||||
Debt instrument stated interest rate percentage | 3.33% | ||||||||||
Two Thousand And Twenty Four Unsecured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 125,000 | 125,000 | |||||||||
Debt instrument payment terms | Interest on the 2024 Unsecured Notes is due semi-annually on June 15 and December 15 | ||||||||||
Debt instrument stated interest rate percentage | 4.20% | ||||||||||
Two Thousand And Twenty Six Unsecured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 75,000 | $ 75,000 | $ 75,000 | ||||||||
Debt instrument stated interest rate percentage | 4.375% | 4.375% | |||||||||
Two Thousand And Twenty Two Tranche C Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument maturity date | Dec. 15, 2026 | ||||||||||
Term Loan And Credit Facility [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit and term loan outstanding | [2] | $ 497,965 | $ 503,358 | ||||||||
Term Loan And Credit Facility [Member] | SPV LLC [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument maturity date | Sep. 01, 2026 | ||||||||||
Line of credit and term loan outstanding | $ 187,850 | ||||||||||
Line of credit maximum borrowing capacity and debt instrument face value | 800,000 | ||||||||||
Term Loan And Credit Facility [Member] | SPV LLC [Member] | Citi Bank NA [Member] | Line of Credit [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility, maximum borrowing capacity | 585,000 | ||||||||||
Other long term debt | 401,000 | ||||||||||
Term Loan And Credit Facility [Member] | SPV LLC [Member] | Citi Bank NA [Member] | Term Loan [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 100,000 | ||||||||||
Long-term Line of Credit | 100,000 | ||||||||||
Term Loan And Credit Facility [Member] | Credit Facility [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit and term loan outstanding | $ 501,000 | ||||||||||
Term Loan And Credit Facility [Member] | Maximum [Member] | SPV LLC [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility, maximum borrowing capacity | $ 600,000 | ||||||||||
Debt instrument variable interest rate spread | 1% | ||||||||||
Term Loan And Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument variable interest rate spread | 2% | ||||||||||
Term Loan And Credit Facility [Member] | Maximum [Member] | Secured Overnight Financing Rate [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument variable interest rate spread | 2.50% | ||||||||||
Term Loan And Credit Facility [Member] | Minimum [Member] | SPV LLC [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Line of credit facility, maximum borrowing capacity | $ 275,000 | ||||||||||
Debt instrument variable interest rate spread | 0.75% | 1.75% | |||||||||
Term Loan And Credit Facility [Member] | Minimum [Member] | Secured Overnight Financing Rate [Member] | Citi Bank NA [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument variable interest rate spread | 2% | ||||||||||
Two Thousand And Twenty Seven Unsecured Notes [Member] | |||||||||||
Debt Instrument [Line Items] | |||||||||||
Debt instrument face value | $ 50,000 | $ 50,000 | |||||||||
Debt instrument stated interest rate percentage | 2.95% | 2.95% | |||||||||
[1] Carrying Value equals the Face Amount net of unamortized market discount of $ 831 and $ 893 as of June 30, 2024 and December 31, 2023, respectively Carrying Value equals the Face Amount net of unamortized debt issuance costs of $ 3,035 and $ 3,642 as of June 30, 2024 and December 31, 2023, respectively |
Financial Highlights - Schedule
Financial Highlights - Schedule of Financial Highlights (Details) - USD ($) $ / shares in Units, $ in Thousands | 6 Months Ended | |||||
Jun. 30, 2024 | Jun. 30, 2023 | Mar. 31, 2024 | Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | |
Per Share Data: | ||||||
Net asset value, beginning of year | $ 18.09 | $ 18.33 | ||||
Net investment income | 0.88 | 0.82 | ||||
Net realized and unrealized gain (loss) | 0.05 | (0.35) | ||||
Net increase in net assets resulting from operations | 0.93 | 0.47 | ||||
From distributable earnings | (0.82) | (0.82) | ||||
From return of capital | 0 | 0 | ||||
Net asset value, end of period | 18.2 | 17.98 | ||||
Per share market value, end of period | $ 16.09 | $ 14.27 | $ 15.03 | $ 13.91 | ||
Total Return | 12.70% | 8.41% | ||||
Net assets, end of period | $ 993,003 | $ 980,805 | $ 992,143 | $ 986,639 | $ 984,178 | $ 999,731 |
Shares outstanding, end of period | 54,554,634 | 54,554,634 | 54,554,634 | |||
Ratios to average net assets: | ||||||
Net investment income | 4.87% | 4.52% | ||||
Operating expenses | 3.29% | 3.22% | ||||
Interest and other credit facility expenses | 3.67% | 3.34% | ||||
Total expenses | 6.96% | 6.56% | ||||
Average debt outstanding | $ 1,148,919 | $ 1,125,576 | ||||
Portfolio turnover ratio | 9% | 12.60% |
Financial Highlights - Schedu_2
Financial Highlights - Schedule of Financial Highlights (Parentheticals) (Details) - $ / shares | 6 Months Ended | |||
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | Dec. 31, 2022 | |
Investment Company, Financial Highlights [Abstract] | ||||
Fair value of common stock per share | $ 16.09 | $ 14.27 | $ 15.03 | $ 13.91 |
Investment company, expense ratio excluding incentive fee | 6.97% | 6.58% | ||
Investment Company Operating Expense Ratio Excluding Incentive Fee | 3.30% | 3.24% |
Commitments and Contingencies -
Commitments and Contingencies - Additional Information (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Other Commitments [Line Items] | ||
Other Commitment | $ 183,843 | $ 248,692 |
Commitments and Contingencies_2
Commitments and Contingencies - Summary of Unfunded Debt and Equity Commitments (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 | Oct. 12, 2022 | |||
Other Commitments [Line Items] | ||||||
Other Commitment | $ 183,843 | $ 248,692 | ||||
Unfunded Debt and Equity Commitments [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 183,843 | 248,692 | ||||
Unfunded Debt and Equity Commitments [Member] | SLR Credit Solutions [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | [1] | 44,263 | 44,263 | |||
Unfunded Debt and Equity Commitments [Member] | Orthopedic Care Partners Management, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 20,770 | ||||
Unfunded Debt and Equity Commitments [Member] | Southern Orthodontic Partners Management, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,542 | 17,861 | ||||
Unfunded Debt and Equity Commitments [Member] | Ardelyx, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 15,875 | ||||
Unfunded Debt and Equity Commitments [Member] | CVAUSA Management, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 10,164 | 10,164 | ||||
Unfunded Debt and Equity Commitments [Member] | BDG Media, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 15,259 | 10,146 | ||||
Unfunded Debt and Equity Commitments [Member] | iCIMS, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 9,571 | 9,858 | ||||
Unfunded Debt and Equity Commitments [Member] | Retina Midco, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 9,382 | ||||
Unfunded Debt and Equity Commitments [Member] | Alkeme Intermediary Holdings, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 8,531 | ||||
Unfunded Debt and Equity Commitments [Member] | SPAR Marketing Force, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 5,769 | 8,339 | ||||
Unfunded Debt and Equity Commitments [Member] | Copper River Seafoods, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 7,716 | 7,051 | ||||
Unfunded Debt and Equity Commitments [Member] | SLR Senior Lending Program LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 2,125 | [1] | 7,125 | [1] | $ 100,000 | |
Unfunded Debt and Equity Commitments [Member] | Legacy Service Partners, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 5,368 | ||||
Unfunded Debt and Equity Commitments [Member] | Peter C. Foy & Associates Insurance Services, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 5,062 | ||||
Unfunded Debt and Equity Commitments [Member] | West-NR Parent, Inc [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 5,043 | 5,043 | ||||
Unfunded Debt and Equity Commitments [Member] | Luxury Asset Capital, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 4,500 | 4,500 | ||||
Unfunded Debt and Equity Commitments [Member] | One Touch Direct, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 7,087 | 4,085 | ||||
Unfunded Debt and Equity Commitments [Member] | DeepIntent, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 4,828 | 3,933 | ||||
Unfunded Debt and Equity Commitments [Member] | Foundation Consumer Brands, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,009 | 3,009 | ||||
Unfunded Debt and Equity Commitments [Member] | United Digestive MSO Parent, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,388 | 3,909 | ||||
Unfunded Debt and Equity Commitments [Member] | Kaseya, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,917 | 3,768 | ||||
Unfunded Debt and Equity Commitments [Member] | EyeSouth Eye Care Holdco LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,857 | 983 | ||||
Unfunded Debt and Equity Commitments [Member] | The Townsend Company, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,456 | 3,330 | ||||
Unfunded Debt and Equity Commitments [Member] | Vertos Medical, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,325 | 3,325 | ||||
Unfunded Debt and Equity Commitments [Member] | AMF Levered II, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,589 | 3,177 | ||||
Unfunded Debt and Equity Commitments [Member] | UVP Management, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 809 | 2,869 | ||||
Unfunded Debt and Equity Commitments [Member] | Kid Distro Holdings, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 2,650 | 2,650 | ||||
Unfunded Debt and Equity Commitments [Member] | Erie Construction Mid-west, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 2,403 | 2,403 | ||||
Unfunded Debt and Equity Commitments [Member] | Ultimate Baked Goods Midco LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,805 | 2,356 | ||||
Unfunded Debt and Equity Commitments [Member] | Basic Fun, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 2,121 | 2,150 | ||||
Unfunded Debt and Equity Commitments [Member] | SLR Equipment Finance [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | [1] | 0 | 2,150 | |||
Unfunded Debt and Equity Commitments [Member] | Bayside Opco, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 2,093 | 2,093 | ||||
Unfunded Debt and Equity Commitments [Member] | SunMed Group Holdings, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,621 | 1,621 | ||||
Unfunded Debt and Equity Commitments [Member] | Urology Management Holdings, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 1,510 | ||||
Unfunded Debt and Equity Commitments [Member] | SLR Healthcare ABL [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | [1] | 1,400 | 1,400 | |||
Unfunded Debt and Equity Commitments [Member] | RxSense Holdings LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,250 | 1,250 | ||||
Unfunded Debt and Equity Commitments [Member] | Tilley Distribution, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,158 | 1,158 | ||||
Unfunded Debt and Equity Commitments [Member] | GSM Acquisition Corp [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 862 | 862 | ||||
Unfunded Debt and Equity Commitments [Member] | Medrina, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 826 | ||||
Unfunded Debt and Equity Commitments [Member] | Pinnacle Treatment Centers, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 643 | ||||
Unfunded Debt and Equity Commitments [Member] | High Street Buyer, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 631 | 631 | ||||
Unfunded Debt and Equity Commitments [Member] | ENS Holdings III Corp, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 691 | 576 | ||||
Unfunded Debt and Equity Commitments [Member] | CC SAG Holdings Corp. (Spectrum Automotive) [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 548 | 548 | ||||
Unfunded Debt and Equity Commitments [Member] | Crewline Buyer, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 530 | ||||
Unfunded Debt and Equity Commitments [Member] | Exactcare Parent, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 352 | ||||
Unfunded Debt and Equity Commitments [Member] | All States Ag Parts, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 218 | 321 | ||||
Unfunded Debt and Equity Commitments [Member] | WCI-BXC Purchaser, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 0 | 332 | ||||
Unfunded Debt and Equity Commitments [Member] | Vessco Midco Holdings, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 325 | 310 | ||||
Unfunded Debt and Equity Commitments [Member] | TAUC Management, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 294 | 294 | ||||
Unfunded Debt and Equity Commitments [Member] | Shoes for Crews Global, LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 276 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | Vapotherm, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,034 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | Western Veterinary Partners LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 3,638 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | SPR Therapeutics, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 6,083 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | Quantcast Corporation [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 5,882 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | 33 Across Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 4,712 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | Brainjolt LLC [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | 1,387 | 0 | ||||
Unfunded Debt and Equity Commitments [Member] | Sightly Enterprises, Inc. [Member] | ||||||
Other Commitments [Line Items] | ||||||
Other Commitment | $ 1,544 | $ 0 | ||||
[1] The Company controls the funding of these commitments and may cancel them at its discretion. |
Capital Share Transactions - Ad
Capital Share Transactions - Additional Information (Details) - $ / shares | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 |
Stockholders' Equity Note [Abstract] | |||
Shares authorized | 200,000,000 | 200,000,000 | 200,000,000 |
Par value | $ 0.01 | $ 0.01 | $ 0.01 |
Capital Share Transactions - Su
Capital Share Transactions - Summary of Transactions In Capital Stock (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Shares repurchased, Shares | 0 | 0 | 0 | (746) | (746) |
Shares repurchased, Value | $ 0 | $ 0 | $ 0 | $ (10) | $ (10) |
SLR Credit Solutions - Addition
SLR Credit Solutions - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||
Jul. 28, 2016 USD ($) | Dec. 28, 2012 USD ($) | Nov. 30, 2012 USD ($) Loans | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) Issuers CreditFund | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) Issuers CreditFund | |
Number of issuers in business credit | Issuers | 94 | 102 | ||||||
Assets | $ 2,448,278 | $ 2,448,278 | $ 2,523,868 | |||||
Net Income (Loss) | 23,228 | $ 18,995 | 51,099 | $ 25,819 | ||||
Long-Term Debt | 1,154,353 | 1,154,353 | 1,177,777 | |||||
Revolving Credit Facility [Member] | ||||||||
Line of credit facility, maximum borrowing capacity | $ 275,000 | |||||||
Crystal Financial [Member] | ||||||||
Line of credit facility, maximum borrowing capacity | $ 400,000 | |||||||
SLR Business Credit Facility [Member] | ||||||||
Line of credit facility, maximum borrowing capacity | 30,000 | $ 30,000 | $ 30,000 | |||||
Business combination, consideration transferred | $ 5,737 | |||||||
Number of funded commitments | CreditFund | 31 | 31 | ||||||
Number of issuers in business credit | Issuers | 25 | 26 | ||||||
Long-term line of credit | 396,484 | $ 396,484 | $ 406,554 | |||||
Assets | 423,418 | 423,418 | 438,422 | |||||
Line of credit facility average outstanding amount | 15,859 | 15,637 | ||||||
Net Income (Loss) | 6,861 | 6,767 | 12,579 | (2,905) | ||||
Gross income | 15,539 | $ 13,897 | 28,596 | $ 28,452 | ||||
Long-Term Debt | $ 206,258 | 206,258 | $ 218,878 | |||||
SLR Business Credit Facility [Member] | Revolving Credit Facility [Member] | ||||||||
Line of credit facility commitments amount | $ 300,000 | |||||||
SLR Business Credit Facility [Member] | Crystal Financial [Member] | ||||||||
Payment to acquire business | $ 275,000 | |||||||
Equity method investment, ownership percentage | 2% | 98% | ||||||
Number of loans in business credit | Loans | 23 | |||||||
SLR Business Credit Facility [Member] | Crystal Capital Financial Holdings LLC [Member] | ||||||||
Equity method investment, ownership percentage | 100% |
SLR Equipment Finance - Additio
SLR Equipment Finance - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||||
Jan. 31, 2024 | Aug. 24, 2023 USD ($) | Jun. 30, 2024 USD ($) Fund Customers | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) Fund Customers | Jun. 30, 2023 USD ($) | Mar. 01, 2024 USD ($) | Dec. 31, 2023 USD ($) Fund Customers | Jul. 31, 2017 USD ($) | |
Schedule of Equity Method Investments [Line Items] | |||||||||
Long-Term Debt | $ 1,154,353 | $ 1,154,353 | $ 1,177,777 | ||||||
Net Loss | $ 23,228 | $ 18,995 | $ 51,099 | $ 25,819 | |||||
Line of credit facility, expiration date | Nov. 13, 2025 | ||||||||
SLR Equipment Finance [Member] | |||||||||
Schedule of Equity Method Investments [Line Items] | |||||||||
Equity method investment, ownership percentage | 100% | ||||||||
Equity method investment, aggregate cost | $ 209,866 | ||||||||
Equity method investment aggregate equity investment | 145,000 | ||||||||
Equity method investment aggregate investment in investee leases and loans held | 64,866 | ||||||||
Line of credit facility, maximum borrowing capacity | $ 150,000 | $ 350,000 | $ 225,000 | ||||||
Number of funded equipment-backed leases and loans | Fund | 201 | 201 | 150 | ||||||
Number of Customers | Customers | 101 | 101 | 62 | ||||||
Net investment in lease | $ 232,705 | $ 232,705 | $ 203,674 | ||||||
Assets under lease | 281,408 | 281,408 | 254,656 | ||||||
Equipment backed leases and loans largest position outstanding | 17,883 | 17,883 | 17,943 | ||||||
Equipment backed leases and loans average exposure per customer | 2,304 | 2,304 | 3,285 | ||||||
Long-Term Debt | 175,024 | 175,024 | $ 137,178 | ||||||
Net Loss | 1,777 | 2,055 | 3,733 | 1,017 | |||||
Gross income | $ 5,223 | $ 4,054 | $ 10,138 | $ 10,391 | |||||
Line of credit facility, expiration date | Jan. 31, 2027 | Mar. 31, 2026 |
Kingsbridge Holdings, LLC - Add
Kingsbridge Holdings, LLC - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Nov. 03, 2020 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Mar. 13, 2024 | Dec. 31, 2023 | |
Total assets | $ 2,448,278 | $ 2,448,278 | $ 2,523,868 | ||||
Long-Term Debt | 1,154,353 | 1,154,353 | 1,177,777 | ||||
Net Income (Loss) | 23,228 | $ 18,995 | 51,099 | $ 25,819 | |||
KBHT [Member] | |||||||
Percentage of equity interest acquired from the management team | 3.125% | ||||||
Total assets | 884,585 | 884,585 | 857,346 | ||||
KBHT [Member] | Management [Member] | |||||||
Equity Ownership, Excluding Consolidated Entity and Equity Method Investee, Percentage | 9.375% | ||||||
Kingsbridge Holdings, LLC [Member] | |||||||
Equity method investments | $ 216,596 | ||||||
Payments to acquire investments | 136,596 | ||||||
Proceeds from unsecured borrowings | $ 80,000 | ||||||
Recourse debt | 241,903 | 241,903 | 249,807 | ||||
Long-Term Debt | 412,766 | 412,766 | $ 367,082 | ||||
Net Income (Loss) | 2,675 | 3,287 | 4,603 | 5,914 | |||
Gross income | $ 78,485 | $ 75,500 | $ 158,493 | $ 143,507 | |||
Nonconsolidated Investees, Other [Member] | KBHT [Member] | |||||||
Equity method investment, ownership percentage | 12.50% | 90.625% | |||||
Maximum [Member] | Kingsbridge Holdings, LLC [Member] | |||||||
Equity method investment, ownership percentage | 87.50% |
SLR Healthcare ABL - Additional
SLR Healthcare ABL - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||||||
Jan. 31, 2024 | Aug. 24, 2023 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) Issuers | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) Issuers | Mar. 01, 2024 USD ($) | Jul. 31, 2017 USD ($) | Sep. 30, 2013 USD ($) | |
Line of credit facility, expiration date | Nov. 13, 2025 | |||||||||
Commitments and contingencies | ||||||||||
Total assets | 2,448,278 | $ 2,448,278 | $ 2,523,868 | |||||||
Number of issuers in business credit | Issuers | 94 | 102 | ||||||||
Net Income (Loss) | 23,228 | $ 18,995 | $ 51,099 | $ 25,819 | ||||||
Long term debt | 1,154,353 | 1,154,353 | $ 1,177,777 | |||||||
SLR Healthcare ABL Credit [Member] | ||||||||||
Total assets | 126,682 | $ 126,682 | $ 118,563 | |||||||
Number of issuers in business credit | Issuers | 44 | 42 | ||||||||
Long-term line of credit | 2,707 | $ 2,707 | $ 2,649 | |||||||
Net Income (Loss) | 1,291 | 1,273 | 2,609 | 2,393 | ||||||
Gross income | 5,086 | 4,439 | 9,877 | 8,276 | ||||||
Long term debt | 93,300 | 93,300 | 84,700 | |||||||
Senior Secured Commitments [Member] | ||||||||||
Commitments and contingencies | 279,000 | 279,000 | 255,000 | |||||||
Commitment funded amount | $ 119,088 | $ 119,088 | 111,264 | |||||||
SLR Healthcare ABL [Member] | ||||||||||
Equity method investments | $ 32,839 | |||||||||
SLR Healthcare ABL [Member] | Maximum [Member] | ||||||||||
Equity method investment, ownership percentage | 93% | 93% | ||||||||
SLR Healthcare ABL [Member] | Minimum [Member] | ||||||||||
Equity method investment, ownership percentage | 7% | 7% | ||||||||
SLR Equipment Finance [Member] | ||||||||||
Equity method investment, ownership percentage | 100% | |||||||||
Line of credit facility, maximum borrowing capacity | $ 150,000 | $ 350,000 | $ 225,000 | |||||||
Line of credit facility, expiration date | Jan. 31, 2027 | Mar. 31, 2026 | ||||||||
Net Income (Loss) | $ 1,777 | 2,055 | $ 3,733 | 1,017 | ||||||
Gross income | 5,223 | $ 4,054 | 10,138 | $ 10,391 | ||||||
Long term debt | $ 175,024 | $ 175,024 | $ 137,178 | |||||||
Line of credit facility maximum borrowing capacity with accordion feature | $ 200,000 |
SLR Business Credit - Additiona
SLR Business Credit - Additional Information (Details) $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||
Jun. 03, 2021 USD ($) | Jun. 30, 2024 USD ($) | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) Issuers | Jun. 30, 2023 USD ($) | Dec. 31, 2023 USD ($) Issuers | Jun. 28, 2019 USD ($) | May 01, 2018 | Oct. 20, 2017 USD ($) | |
SLR Business Credit [Line Items] | |||||||||
Commitments and contingencies | |||||||||
Assets | 2,448,278 | $ 2,448,278 | $ 2,523,868 | ||||||
Number of issuers in business credit | Issuers | 94 | 102 | |||||||
Line of credit facility, expiration date | Nov. 13, 2025 | ||||||||
Net Income (Loss) | 23,228 | $ 18,995 | $ 51,099 | $ 25,819 | |||||
SLR Business Credit [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Long-term line of credit | 2,561 | 2,561 | $ 2,681 | ||||||
Net Income (Loss) | 2,324 | 1,414 | 5,505 | 3,431 | |||||
Gross income | 10,437 | $ 8,827 | 21,605 | $ 18,159 | |||||
Senior Secured Commitments [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Commitments and contingencies | 279,000 | 279,000 | 255,000 | ||||||
Commitment funded amount | 119,088 | 119,088 | 111,264 | ||||||
Senior Secured Commitments [Member] | SLR Business Credit [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Commitments and contingencies | 557,148 | 557,148 | 610,949 | ||||||
Commitment funded amount | 240,743 | 240,743 | 273,541 | ||||||
Assets | 271,050 | 271,050 | 315,335 | ||||||
Fast Pay Partners LLC [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Percentage of voting interests acquired | 100% | ||||||||
Business combination, consideration transferred | $ 66,671 | ||||||||
NMCs Credit Facility [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Line of credit facility, maximum borrowing capacity | 47,671 | $ 15,500 | |||||||
SUNS [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Line of credit facility, maximum borrowing capacity | $ 19,000 | ||||||||
NMC Senior Credit Facility [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Line of credit facility, maximum borrowing capacity | 285,307 | 285,307 | |||||||
Long-term line of credit | $ 188,546 | $ 188,546 | $ 222,917 | ||||||
NM Holdco [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Percentage of equity interest contributed to another entity | 99% | ||||||||
North Mill Capital LLC [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Equity method investment, ownership percentage | 99% | 100% | |||||||
Equity method investments | $ 51,000 | ||||||||
ESP SSC Corporation [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Equity method investment, ownership percentage | 1% | 1% | |||||||
Summit Financial Resources [Member] | |||||||||
SLR Business Credit [Line Items] | |||||||||
Equity method investment, ownership percentage | 100% |
Stock Repurchase Program - Addi
Stock Repurchase Program - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | 12 Months Ended | |||
May 09, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
Stockholders' Equity Note [Abstract] | ||||||
Stock repurchase program, authorized amount | $ 50,000 | |||||
Stock repurchase program expiration date | May 07, 2025 | |||||
Stock Repurchased During Period, Shares | 0 | 0 | 0 | 746 | 746 | |
Shares Issued, Price Per Share | $ 14.02 | |||||
Stock Repurchased During Period, Value | $ 0 | $ 0 | $ 0 | $ 10 | $ 10 |
SLR Senior Lending Program LL_2
SLR Senior Lending Program LLC - Summary of SSLP's portfolio (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2024 | Dec. 31, 2023 | ||||
Summary of Investment Holdings [Line Items] | |||||
Fair Value | [1] | $ 220,803 | |||
SLR Senior Lending Program LLC [Member] | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 219,217 | $ 186,059 | |||
Fair Value | $ 220,803 | $ 187,255 | [2] | ||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Ardelyx, Inc. | Pharmaceuticals | S+795 | 1.00% | 13.32% | 2/23/2022 | 3/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 795% | |||
Interest Rate | [4],[5] | 13.32% | |||
Investment Owned, at Cost | [4] | $ 17,306 | |||
Fair Value | [4] | $ 17,766 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vertos Medical, Inc. | Health Care Equipment & Supplies | S+515 | 4.75% | 10.50% | 6/14/2023 | 7/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 515% | |||
Interest Rate | [5] | 10.50% | |||
Investment Owned, at Cost | $ 6,604 | ||||
Fair Value | $ 6,651 | ||||
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. | Insurance | S+550 | 0.75% | 10.98 | % | 11/1/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 550% | |||
Floor | 0.75% | ||||
Interest Rate | [7] | 10.98% | |||
Maturity Date | Nov. 01, 2029 | ||||
Par Amount | $ 6,923 | ||||
Investment Owned, at Cost | 6,898 | ||||
Fair Value | [1] | $ 6,923 | |||
Investment, Identifier [Axis]: Aegis Toxicology Sciences Corporation | Health Care Providers and Services | S+550 | 1.00% | 11.09% | 5/9/25 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 550% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.09% | |||
Maturity Date | [8] | May 09, 2025 | |||
Par Amount | [8] | $ 2,921 | |||
Investment Owned, at Cost | [8] | 2,921 | |||
Fair Value | [1],[8] | $ 2,921 | |||
Investment, Identifier [Axis]: Aegis Toxicology Sciences Corporation | Health Care Providers and Services | S+550 | 1.00% | 11.13% | 5/9/25 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 550% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.13% | |||
Maturity Date | [10] | May 09, 2025 | |||
Par Amount | [10] | $ 2,947 | |||
Investment Owned, at Cost | [10] | 2,947 | |||
Fair Value | [2],[10] | $ 2,947 | |||
Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | Insurance| S+600 | 1.00% | 11.44% | 10/28/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 600% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.44% | |||
Maturity Date | [8] | Oct. 28, 2026 | |||
Par Amount | [8] | $ 6,026 | |||
Investment Owned, at Cost | [8] | 5,872 | |||
Fair Value | [1],[8] | $ 6,026 | |||
Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | Insurance| S+650 | 1.00% | 11.96% | 10/28/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.96% | |||
Maturity Date | [10] | Oct. 28, 2026 | |||
Par Amount | [10] | $ 3,017 | |||
Investment Owned, at Cost | [10] | 2,934 | |||
Fair Value | [2],[10] | $ 3,017 | |||
Investment, Identifier [Axis]: All States Ag Parts, LLC | Trading Companies and Distributors| S+600 | 1.00% | 11.60% | 9/1/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 600% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.60% | |||
Maturity Date | [8] | Sep. 01, 2026 | |||
Par Amount | [8] | $ 2,122 | |||
Investment Owned, at Cost | [8] | 2,122 | |||
Fair Value | [1],[8] | $ 2,122 | |||
Investment, Identifier [Axis]: All States Ag Parts, LLC | Trading Companies and Distributors| S+600 | 1.00% | 11.61% | 9/1/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 600% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.61% | |||
Maturity Date | [10] | Sep. 01, 2026 | |||
Par Amount | [10] | $ 2,133 | |||
Investment Owned, at Cost | [10] | 2,133 | |||
Fair Value | [2],[10] | $ 2,133 | |||
Investment, Identifier [Axis]: Apex Service Partners, LLC | Diversified Consumer Services | S+700 | 1.00% | 11.83% |10/24/30 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 700% | |||
Floor | 1% | ||||
Interest Rate | [7] | 11.83% | |||
Maturity Date | Oct. 24, 2030 | ||||
Par Amount | $ 5,834 | ||||
Investment Owned, at Cost | 5,698 | ||||
Fair Value | [1] | $ 5,834 | |||
Investment, Identifier [Axis]: Apex Service Partners, LLC | Diversified Consumer Services | S+700 | 1.00% | 11.87% |10/24/30 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9] | 700% | |||
Floor | 1% | ||||
Interest Rate | [11] | 11.87% | |||
Maturity Date | Oct. 24, 2030 | ||||
Par Amount | $ 4,905 | ||||
Investment Owned, at Cost | 4,784 | ||||
Fair Value | [2] | $ 4,783 | |||
Investment, Identifier [Axis]: Atria Wealth Solutions, Inc | Diversified Financial Services | S+650 | 1.00% | 11.97% | 5/31/24 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.97% | |||
Maturity Date | [10] | May 31, 2024 | |||
Par Amount | [10] | $ 2,468 | |||
Investment Owned, at Cost | [10] | 2,468 | |||
Fair Value | [2],[10] | $ 2,468 | |||
Investment, Identifier [Axis]: Atria Wealth Solutions, Inc | Diversified Financial Services | S+650 | 1.00% | 12.09% | 11/29/24 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 650% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 12.09% | |||
Maturity Date | [8] | Nov. 29, 2024 | |||
Par Amount | [8] | $ 2,456 | |||
Investment Owned, at Cost | [8] | 2,456 | |||
Fair Value | [1],[8] | $ 2,456 | |||
Investment, Identifier [Axis]: BayMark Health Services, Inc | Health Care Providers and Services | S+500 | 1.00% | 10.60% | 6/11/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 500% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.60% | |||
Maturity Date | [8] | Jun. 11, 2027 | |||
Par Amount | [8] | $ 4,013 | |||
Investment Owned, at Cost | [8] | 4,013 | |||
Fair Value | [1],[8] | $ 3,932 | |||
Investment, Identifier [Axis]: BayMark Health Services, Inc | Health Care Providers and Services | S+500 | 1.00% | 10.61% | 6/11/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 500% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.61% | |||
Maturity Date | [10] | Jun. 11, 2027 | |||
Par Amount | [10] | $ 4,033 | |||
Investment Owned, at Cost | [10] | 4,033 | |||
Fair Value | [2],[10] | $ 4,033 | |||
Investment, Identifier [Axis]: CC SAG Holdings Corp | Diversified Consumer Services | S+525 | 0.75% | 10.59% | 6/29/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 525% | |||
Floor | [8] | 0.75% | |||
Interest Rate | [7],[8] | 10.59% | |||
Maturity Date | [8] | Jun. 29, 2028 | |||
Par Amount | [8] | $ 8,923 | |||
Investment Owned, at Cost | [8] | 8,923 | |||
Fair Value | [1],[8] | $ 8,923 | |||
Investment, Identifier [Axis]: CC SAG Holdings Corp | Diversified Consumer Services | S+575 | 0.75% | 11.22% | 6/29/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 575% | |||
Floor | [10] | 0.75% | |||
Interest Rate | [10],[11] | 11.22% | |||
Maturity Date | [10] | Jun. 29, 2028 | |||
Par Amount | [10] | $ 8,969 | |||
Investment Owned, at Cost | [10] | 8,969 | |||
Fair Value | [2],[10] | $ 8,969 | |||
Investment, Identifier [Axis]: CVAUSA Management, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.74% | 5/22/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.74% | |||
Maturity Date | [10] | May 22, 2029 | |||
Par Amount | [10] | $ 5,412 | |||
Investment Owned, at Cost | [10] | 5,251 | |||
Fair Value | [2],[10] | 5,412 | |||
Investment, Identifier [Axis]: CVAUSA Management, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.75% | 5/22/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 650% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.75% | |||
Maturity Date | [8] | May 22, 2029 | |||
Par Amount | [8] | $ 5,384 | |||
Investment Owned, at Cost | [8] | 5,235 | |||
Fair Value | [1],[8] | 5,384 | |||
Investment, Identifier [Axis]: Cash Equivalents | Liabilities in Excess of Other Assets | |||||
Summary of Investment Holdings [Line Items] | |||||
Fair Value | (1,417,673) | ||||
Investment, Identifier [Axis]: Cash Equivalents | Liabilities in Excess of Other Assets | |||||
Summary of Investment Holdings [Line Items] | |||||
Fair Value | (1,500,417) | ||||
Investment, Identifier [Axis]: Cash Equivalents | Net Assets | |||||
Summary of Investment Holdings [Line Items] | |||||
Fair Value | 993,003 | 986,639 | |||
Investment, Identifier [Axis]: Cash Equivalents | Total Investments & Cash Equivalents | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,443,618 | ||||
Fair Value | 2,410,676 | ||||
Investment, Identifier [Axis]: Cash Equivalents | Total Investments & Cash Equivalents | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,522,687 | ||||
Fair Value | 2,487,056 | ||||
Investment, Identifier [Axis]: Cash Equivalents | U.S. Treasury Bill | Government | 12/29/2023 | 2/27/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 332,290 | ||||
Fair Value | 332,290 | ||||
Investment, Identifier [Axis]: Cash Equivalents | U.S. Treasury Bill | Government | 6/28/2024 | 7/23/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 274,126 | ||||
Fair Value | 274,126 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Assertio Holdings, Inc. | Pharmaceuticals | 7/31/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [12],[13] | 51 | |||
Fair Value | [12],[13] | 16 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Assertio Holdings, Inc. | Pharmaceuticals | 7/31/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14],[15] | 51 | |||
Fair Value | [14],[15] | 13 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Bayside Parent, LLC | Health Care Providers & Services | 5/31/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14],[16] | 11,411 | |||
Fair Value | [14],[16] | 3,815 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Bayside Parent, LLC | Health Care Providers&Services | 5/31/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13],[17] | 11,411 | |||
Fair Value | [13],[17] | 3,816 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | CardioFocus, Inc. Warrants | Health Care Equipment & Supplies | 3/31/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 51 | |||
Fair Value | [14] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | CardioFocus, Inc. Warrants | Health Care Equipment&Supplies | 3/31/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 51 | |||
Fair Value | [13] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Centrexion Therapeutics, Inc. Warrants | Pharmaceuticals | 6/28/2019 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 136 | [13] | 136 | [14] | |
Fair Value | 34 | [13] | 45 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Conventus Orthopaedics, Inc. Warrants | Health Care Equipment & Supplies | 6/15/2016 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 65 | |||
Fair Value | [14] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Conventus Orthopaedics, Inc. Warrants | Health Care Equipment&Supplies | 6/15/2016 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 65 | |||
Fair Value | [13] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Delphinus Medical Technologies, Inc. Warrants | Health Care Equipment & Supplies | 8/18/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 74 | |||
Fair Value | [14] | 80 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Delphinus Medical Technologies, Inc. Warrants | Health Care Equipment&Supplies | 8/18/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 74 | |||
Fair Value | [13] | 75 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Essence Group Holdings Corporation (Lumeris) Warrants | Health Care Technology | 3/22/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 129 | [13] | 129 | [14] | |
Fair Value | 128 | [13] | 327 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | KBH Topco LLC (Kingsbridge) | Multi-Sector Holdings | 11/3/2020 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [18],[19],[20] | 136,596 | |||
Fair Value | [18],[19],[20] | 142,000 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | KBH Topco LLC (Kingsbridge). | Multi-Sector Holdings | 11/3/2020 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [21],[22],[23] | 140,920 | |||
Fair Value | [21],[22],[23] | 147,072 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Meditrina, Inc. Warrants | Health Care Equipment & Supplies | 12/20/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 23 | |||
Fair Value | [14] | 19 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Meditrina, Inc. Warrants | Health Care Equipment&Supplies | 12/20/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 33 | |||
Fair Value | [13] | 28 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | NSPC Holdings, LLC (National Spine) | Health Care Providers & Services | 2/13/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 657 | |||
Fair Value | [14] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | NSPC Holdings, LLC (National Spine) | Health Care Providers&Services | 2/13/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 657 | |||
Fair Value | [13] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) Class B | Diversified Consumer Services | 12/23/2013 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14],[18] | 5,216 | |||
Fair Value | [14],[18] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) ClassB | Diversified Consumer Services | 12/23/2013 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13],[21] | 5,216 | |||
Fair Value | [13],[21] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | RD Holdco, Inc. (Rug Doctor) | Diversified Consumer Services | 12/23/2013 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 15,683 | [13],[21] | 15,683 | [14],[18] | |
Fair Value | 0 | [13],[21] | 0 | [14],[18] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Business Credit | Diversified Financial Services | 4/1/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 81,583 | [21],[24],[25] | 81,583 | [4],[18],[26] | |
Fair Value | 91,370 | [21],[24],[25] | 90,370 | [4],[18],[26] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Credit Solutions | Diversified Financial Services | 12/28/2012 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 280,737 | [21],[24],[27] | 280,737 | [4],[18],[28] | |
Fair Value | 286,250 | [21],[24],[27] | 284,000 | [4],[18],[28] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Healthcare ABL | Diversified Financial Services | 4/1/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 34,335 | [21],[24],[29] | 34,335 | [4],[18],[30] | |
Fair Value | 36,850 | [21],[24],[29] | 35,850 | [4],[18],[30] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR Senior Lending Program LLC | Asset Management | 12/1/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 47,875 | [21],[24],[31] | 42,875 | [4],[18],[32] | |
Fair Value | 49,272 | [21],[24],[31] | 43,899 | [4],[18],[32] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR-AMI Topco Blocker, LLC | Internet & Catalog Retail | 6/16/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14],[16],[33] | 24,085 | |||
Fair Value | [14],[16],[33] | 15,867 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | SLR-AMI Topco Blocker, LLC | Internet &Catalog Retail | 6/16/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13],[17],[34] | 24,085 | |||
Fair Value | [13],[17],[34] | 15,867 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Senseonics Holdings, Inc. | Health Care Equipment & Supplies | 7/25/2019 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [4],[14],[15] | 235 | |||
Fair Value | [4],[14],[15] | 268 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Senseonics Holdings, Inc. | Health Care Equipment&Supplies | 7/25/2019 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13],[23],[24] | 235 | |||
Fair Value | [13],[23],[24] | 187 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Shoes for Crews Holdings, LLC | Diversified Financial Services | 06/30/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,759 | ||||
Fair Value | 2,040 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Common Equity/Equity Interests/Warrants | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 646,584 | 634,500 | |||
Fair Value | 633,126 | 616,607 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Investments | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [35] | 2,190,397 | |||
Fair Value | [35] | 2,154,766 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Total Investments - 215.2% | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,169,492 | ||||
Fair Value | 2,136,550 | ||||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vapotherm, Inc. Warrants| Health Care Equipment & Supplies | 2/18/2022 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 329 | [13] | 319 | [14] | |
Fair Value | 71 | [13] | 3 | [14] | |
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Venus Concept Ltd. Warrants (f/k/a Restoration Robotics) | Health Care Equipment & Supplies | 5/10/2018 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 152 | |||
Fair Value | [14] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Venus Concept Ltd. Warrants (f/k/a Restoration Robotics)| Health Care Equipment & Supplies | 5/10/2018 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 152 | |||
Fair Value | [13] | 0 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vertos Medical, Inc. Warrants| Health Care Equipment & Supplies | 6/14/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [13] | 51 | |||
Fair Value | [13] | 50 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | Vertos Medical, Inc. Warrants| Health Care Equipment & Supplies | 6/14/2023 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [14] | 51 | |||
Fair Value | [14] | 51 | |||
Investment, Identifier [Axis]: Common Equity/Equity Interests/Warrants | aTyr Pharma, Inc. Warrants | Pharmaceuticals | 11/18/2016 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 17 | [13] | 36 | [14] | |
Fair Value | $ 0 | [13] | $ 0 | [14] | |
Investment, Identifier [Axis]: Crewline Buyer Inc | IT Services | S+675 | 1.00% | 12.08% | 11/8/30 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 675% | |||
Floor | 1% | ||||
Interest Rate | [7] | 12.08% | |||
Maturity Date | Nov. 08, 2030 | ||||
Par Amount | $ 5,084 | ||||
Investment Owned, at Cost | 4,960 | ||||
Fair Value | [1] | $ 5,084 | |||
Investment, Identifier [Axis]: ENS Holdings III Corp and ES Opco USA LLC | Trading Companies and Distributors | S+475 | 1.00% | 10.19% | 12/31/25 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 475% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.19% | |||
Maturity Date | [8] | Dec. 31, 2025 | |||
Par Amount | [8] | $ 1,080 | |||
Investment Owned, at Cost | [8] | 1,080 | |||
Fair Value | [1],[8] | $ 1,080 | |||
Investment, Identifier [Axis]: ENS Holdings III Corp and ES Opco USA LLC | Trading Companies and Distributors | S+475 | 10.20% | 11.13% | 12/31/25 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 475% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.20% | |||
Maturity Date | [10] | Dec. 31, 2025 | |||
Par Amount | [10] | $ 1,086 | |||
Investment Owned, at Cost | [10] | 1,086 | |||
Fair Value | [2],[10] | $ 1,086 | |||
Investment, Identifier [Axis]: Equipment Financing | A&A Crane and Rigging, LLC | Commercial Services & Supplies | 7.78% | 3/27/2023 | 3/27/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 7.78% | [36],[37] | 7.78% | [5],[38] | |
Investment Owned, at Cost | $ 62 | [37] | $ 69 | [38] | |
Fair Value | 62 | [37] | 69 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | AFG Dallas III, LLC | Diversified Consumer Services | 10.00-11.29% | 8/11/2022 | 8/11/2026-3/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 926 | [37] | 1,099 | [38] | |
Fair Value | 926 | [37] | 1,099 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies | 8.47-9.64% | 2/12/2021 | 3/1/2025-12/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 849 | |||
Fair Value | [37] | 849 | |||
Investment, Identifier [Axis]: Equipment Financing | Aero Operating LLC | Commercial Services & Supplies| 8.47-9.64% | 2/12/2021 | 3/1/2025-11/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 1,343 | |||
Fair Value | [38] | 1,343 | |||
Investment, Identifier [Axis]: Equipment Financing | Air Methods Corporation | Airlines | 7.08-7.13% | 11/3/2021 | 11/3/2026-11/23/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,871 | [37] | 3,142 | [38] | |
Fair Value | $ 2,841 | [37] | $ 3,103 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | AmeraMex International, Inc. | Commercial Services & Supplies | 10.00% | 3/29/2019 | 10/15/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10% | |||
Investment Owned, at Cost | [38] | $ 381 | |||
Fair Value | [38] | $ 385 | |||
Investment, Identifier [Axis]: Equipment Financing | AmeraMex International, Inc. | Commercial Services & Supplies | 10.00% | 3/29/2019 | 4/15/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 10% | |||
Investment Owned, at Cost | [37] | $ 155 | |||
Fair Value | [37] | 157 | |||
Investment, Identifier [Axis]: Equipment Financing | Bazzini, LLC | Food & Staples Retailing | 10.46% | 12/23/2022 | 1/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10.46% | |||
Investment Owned, at Cost | [38] | $ 2,043 | |||
Fair Value | [38] | 1,985 | |||
Investment, Identifier [Axis]: Equipment Financing | Boart Longyear Company | Metals & Mining | 8.31-10.44% | 5/28/2020 | 7/1/2024-10/7/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 1,569 | [37] | 2,447 | [38] | |
Fair Value | $ 1,569 | [37] | $ 2,447 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Bowman Energy Solutions, LLC | Commercial Services & Supplies | 7.42% | 7/1/2022 | 7/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 7.42% | [36],[37] | 7.42% | [5],[38] | |
Investment Owned, at Cost | $ 94 | [37] | $ 114 | [38] | |
Fair Value | 94 | [37] | $ 114 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | C-Port/Stone LLC | Oil, Gas & Consumable Fuels | 8.54% | 10/7/2022 | 11/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8.54% | |||
Investment Owned, at Cost | [38] | $ 6,098 | |||
Fair Value | [38] | 6,060 | |||
Investment, Identifier [Axis]: Equipment Financing | CKD Holdings, Inc | Road & Rail | 8.10-8.60% | 9/22/2022 | 6/22/2026-9/22/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,422 | [37] | 2,863 | [38] | |
Fair Value | 2,422 | [37] | $ 2,863 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Capital City Jet Center, Inc | Airlines | 10.00% | 4/4/2018 | 6/22/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10% | |||
Investment Owned, at Cost | [38] | $ 1,242 | |||
Fair Value | [38] | 1,242 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 3,207 | |||
Fair Value | [37] | 3,182 | |||
Investment, Identifier [Axis]: Equipment Financing | Carolinas Contracting, LLC | Diversified Consumer Services | 8.40-8.72% | 3/7/2023 | 3/7/2028-5/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38],[39] | 3,554 | |||
Fair Value | [38],[39] | 3,523 | |||
Investment, Identifier [Axis]: Equipment Financing | Clubcorp Holdings, Inc | Hotels, Restaurants & Leisure | 9.36-13.01% | 5/27/2021 | 4/1/2025-5/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 5,358 | [37] | 6,461 | [38] | |
Fair Value | 5,358 | [37] | 6,461 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Complete Equipment Rentals, LLC | Commercial Services & Supplies | 6.75-7.15% | 3/23/2023 | 4/1/2028-6/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 1,633 | [37] | 1,810 | [38] | |
Fair Value | $ 1,627 | [37] | $ 1,806 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Dongwon Autopart Technology Inc | Auto Components | 7.96% | 2/2/2021 |1/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 7.96% | |||
Investment Owned, at Cost | [38] | $ 1,277 | |||
Fair Value | [38] | $ 1,266 | |||
Investment, Identifier [Axis]: Equipment Financing | Dongwon Autopart Technology Inc | Auto Components | 7.96%| 2/2/2021|1/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 7.96% | |||
Investment Owned, at Cost | [37] | $ 975 | |||
Fair Value | [37] | $ 968 | |||
Investment, Identifier [Axis]: Equipment Financing | Double S Industrial Contractors, Inc | Commercial Services & Supplies | 8.60% | 7/28/2023 | 8/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.60% | [36],[37] | 8.60% | [5],[38] | |
Investment Owned, at Cost | $ 99 | [37] | $ 112 | [38] | |
Fair Value | 99 | [37] | 112 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08% | 10/31/2022 | 11/1/2027-6/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 1,875 | |||
Fair Value | [38] | 1,873 | |||
Investment, Identifier [Axis]: Equipment Financing | Drillers Choice, Inc | Commercial Services & Supplies | 8.00-10.08%| 10/31/2022 | 11/1/2027-6/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 1,690 | |||
Fair Value | [37] | $ 1,688 | |||
Investment, Identifier [Axis]: Equipment Financing | Energy Drilling Services, LLC | Diversified Consumer Services | 6.58-9.16% | 8/26/2022 | 11/9/2025-9/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 1,076 | |||
Fair Value | [38] | $ 1,076 | |||
Investment, Identifier [Axis]: Equipment Financing | Environmental Protection & Improvement Company, LLC | Road & Rail | 8.25% | 9/30/2020 | 10/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.25% | [36],[37] | 8.25% | [5],[38] | |
Investment Owned, at Cost | $ 4,206 | [37] | $ 4,585 | [38] | |
Fair Value | $ 4,189 | [37] | $ 4,564 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Equipment Operating Leases, LLC | Multi-Sector Holdings | 8.37% | 4/27/2018 | 4/27/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.37% | [21],[36],[40] | 8.37% | [5],[18],[39] | |
Investment Owned, at Cost | $ 3,138 | [21],[40] | $ 3,381 | [18],[39] | |
Fair Value | $ 3,059 | [21],[40] | $ 3,296 | [18],[39] | |
Investment, Identifier [Axis]: Equipment Financing | Extreme Steel Crane & Rigging, LLC | Commercial Services & Supplies | 9.52% | 3/3/2023 | 3/3/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 9.52% | [36],[37] | 9.52% | [5],[38] | |
Investment Owned, at Cost | $ 738 | [37] | $ 854 | [38] | |
Fair Value | 733 | [37] | 847 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | First American Commercial Bancorp, Inc | Diversified Financial Services | 7.50-9.02% | 10/28/2021 | 10/1/2026-3/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 1,931 | [37] | 2,281 | [38] | |
Fair Value | $ 1,930 | [37] | $ 2,279 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | First National Capital, LLC | Diversified Financial Services | 9.00% | 11/5/2021 | 8/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 9% | [36],[37] | 9% | [5],[38] | |
Investment Owned, at Cost | $ 4,359 | [37] | $ 5,290 | [38] | |
Fair Value | $ 4,359 | [37] | $ 5,290 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | GMT Corporation | Machinery | 10.71% | 10/23/2018 | 1/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 10.71% | [36],[37] | 10.71% | [5],[38] | |
Investment Owned, at Cost | $ 3,204 | [37] | $ 3,816 | [38] | |
Fair Value | 3,203 | [37] | $ 3,813 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Georgia Jet, Inc | Airlines | 8.00% | 12/4/2017 | 1/4/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8% | |||
Investment Owned, at Cost | [38] | $ 25 | |||
Fair Value | [38] | 25 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 5/1/2024-9/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 153 | |||
Fair Value | [38] | $ 149 | |||
Investment, Identifier [Axis]: Equipment Financing | HTI Logistics Corporation | Commercial Services & Supplies | 9.69-9.94% | 11/15/2018 | 9/1/2024-9/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 89 | |||
Fair Value | [37] | $ 86 | |||
Investment, Identifier [Axis]: Equipment Financing | Hawkeye Contracting Company, LLC | Construction & Engineering | 10.50% | 10/8/2021 | 11/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 10.50% | [36],[37] | 10.50% | [5],[38] | |
Investment Owned, at Cost | $ 522 | [37] | $ 689 | [38] | |
Fair Value | $ 522 | [37] | $ 689 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | International Automotive Components Group, North America, Inc | Auto Components | 7.95% | 6/23/2021 | 6/23/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 7.95% | [36],[37] | 7.95% | [5],[38] | |
Investment Owned, at Cost | $ 2,580 | [37] | $ 3,801 | [38] | |
Fair Value | $ 2,574 | [37] | $ 3,711 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Kool Pak, LLC | Road & Rail | 8.58% | 2/5/2018 | 3/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8.58% | |||
Investment Owned, at Cost | [38] | $ 29 | |||
Fair Value | [38] | $ 29 | |||
Investment, Identifier [Axis]: Equipment Financing | Loc Performance Products, LLC | Machinery | 10.50% | 12/29/2022 | 6/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 10.50% | [36],[37] | 10.50% | [5],[38] | |
Investment Owned, at Cost | $ 559 | [37] | $ 636 | [38] | |
Fair Value | 559 | [37] | 636 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2024-9/25/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [18],[39] | 7,500 | |||
Fair Value | [18],[39] | 7,361 | |||
Investment, Identifier [Axis]: Equipment Financing | Loyer Capital LLC | Multi-Sector Holdings | 8.73-11.52% | 5/16/2019 | 5/16/2026-9/25/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [21],[40] | 7,500 | |||
Fair Value | [21],[40] | 7,361 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Credit Consultants, LLC | Road & Rail | 8.28-12.09 % | 6/17/2021 | 12/1/2024-12/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 10,911 | |||
Fair Value | [38] | 10,911 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.46-13.26% | 8/20/2021 | 7/20/2024-10/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 636 | |||
Fair Value | [38] | $ 632 | |||
Investment, Identifier [Axis]: Equipment Financing | Lux Vending, LLC | Consumer Finance | 12.84-13.26% | 8/20/2021| 9/1/2024-10/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 79 | |||
Fair Value | [37] | $ 79 | |||
Investment, Identifier [Axis]: Equipment Financing | Miranda Logistics Enterprise, Inc | Construction & Engineering | 7.69% | 4/14/2023 | 4/14/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 7.69% | [36],[37] | 7.69% | [5],[38] | |
Investment Owned, at Cost | $ 709 | [37] | $ 787 | [38] | |
Fair Value | $ 709 | [37] | $ 787 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Mountain Air Helicopters Inc | Commercial Services & Supplies | 10.00% | 7/31/2017 | 2/28/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10% | |||
Investment Owned, at Cost | [38] | $ 247 | |||
Fair Value | [38] | $ 248 | |||
Investment, Identifier [Axis]: Equipment Financing | Mountain Air Helicopters, Inc | Commercial Services & Supplies | 10.00% | 7/31/2017 | 2/28/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 10% | |||
Investment Owned, at Cost | [37] | $ 182 | |||
Fair Value | [37] | $ 183 | |||
Investment, Identifier [Axis]: Equipment Financing | Nimble Crane LLC | Commercial Services & Supplies | 9.18% | 7/13/2023 | 7/13/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 9.18% | [36],[37] | 9.18% | [5],[38] | |
Investment Owned, at Cost | $ 850 | [37] | $ 934 | [38] | |
Fair Value | $ 850 | [37] | $ 934 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | No Limit Construction Services, LLC | Commercial Services & Supplies | 7.73% | 5/5/2023 | 6/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 7.73% | [36],[37] | 7.73% | [5],[38] | |
Investment Owned, at Cost | $ 107 | [37] | $ 118 | [38] | |
Fair Value | $ 107 | [37] | $ 118 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Ozzies, Inc | Commercial Services & Supplies | 10.72% | 12/23/2022 | 1/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10.72% | |||
Investment Owned, at Cost | [38] | $ 1,668 | |||
Fair Value | [38] | $ 1,621 | |||
Investment, Identifier [Axis]: Equipment Financing | PCX Aerostructures LLC | Aerospace & Defense | 9.32% | 11/23/2022 | 12/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 9.32% | |||
Investment Owned, at Cost | [38] | $ 2,311 | |||
Fair Value | [38] | $ 2,311 | |||
Investment, Identifier [Axis]: Equipment Financing | PCX Aerostructures LLC | Aerospace & Defense | 9.32% |11/23/2022 | 12/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 9.32% | |||
Investment Owned, at Cost | [37] | $ 2,125 | |||
Fair Value | [37] | $ 2,125 | |||
Investment, Identifier [Axis]: Equipment Financing | RH Land Construction, LLC & Harbor Dredging LA, Inc | Construction & Engineering | 8.08% | 5/10/2023 | 5/10/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.08% | [36],[37] | 8.08% | [5],[38] | |
Investment Owned, at Cost | $ 92 | [37] | $ 114 | [38] | |
Fair Value | $ 92 | [37] | $ 114 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Rane Light Metal Castings Inc | Machinery | 10.00% | 6/1/2020 | 6/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 10% | |||
Investment Owned, at Cost | [38] | $ 56 | |||
Fair Value | [38] | $ 56 | |||
Investment, Identifier [Axis]: Equipment Financing | Rango, Inc | Commercial Services & Supplies | 9.33% | 9/24/2019 | 11/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 9.33% | [36],[37] | 9.33% | [5],[38] | |
Investment Owned, at Cost | $ 346 | [37] | $ 583 | [38] | |
Fair Value | 336 | [37] | 563 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Rayzors Edge LLC | Diversified Consumer Services | 7.69-8.27% | 5/19/2023 | 5/18/2030-6/30/2030 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 668 | [37] | 711 | [38] | |
Fair Value | $ 668 | [37] | $ 711 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Rotten Rock Hardscaping & Tree Service | Diversified Consumer Services | 8.21% | 12/6/2022 | 12/6/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.21% | [36],[37] | 8.21% | [5],[38] | |
Investment Owned, at Cost | $ 182 | [37] | $ 204 | [38] | |
Fair Value | 182 | [37] | $ 204 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Royal Express Inc | Road & Rail | 9.53% | 1/17/2019 | 2/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 9.53% | |||
Investment Owned, at Cost | [38] | $ 148 | |||
Fair Value | [38] | $ 148 | |||
Investment, Identifier [Axis]: Equipment Financing | Rutt Services, LLC | Commercial Services & Supplies | 8.95% | 8/11/2023 | 8/11/2030 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8.95% | |||
Investment Owned, at Cost | [38] | $ 1,179 | |||
Fair Value | [38] | 1,176 | |||
Investment, Identifier [Axis]: Equipment Financing | SLR Equipment Finance Equity Interests | Multi-Sector Holdings | 7/31/2017 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 145,000 | [13],[21],[41],[42] | 145,000 | [14],[18],[43],[44] | |
Fair Value | $ 116,000 | [13],[21],[41],[42] | $ 120,820 | [14],[18],[43],[44] | |
Investment, Identifier [Axis]: Equipment Financing | SLR Equipment Finance | Multi-Sector Holdings | 8.50% | 1/24/2022 | 1/27/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[18] | 8.50% | |||
Investment Owned, at Cost | [18] | $ 3,850 | |||
Fair Value | [18] | $ 3,850 | |||
Investment, Identifier [Axis]: Equipment Financing | ST Coaches, LLC | Road & Rail | 8.50% | 7/31/2017 | 1/25/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.50% | [36],[37] | 8.50% | [5],[38] | |
Investment Owned, at Cost | $ 552 | [37] | $ 583 | [38] | |
Fair Value | $ 552 | [37] | $ 583 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Signet Marine Corporation | Transportation Infrastructure | 8.50% | 10/31/2022 | 10/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 8.50% | |||
Investment Owned, at Cost | [37] | $ 11,398 | |||
Fair Value | [37] | 11,365 | |||
Investment, Identifier [Axis]: Equipment Financing | Signet Marine Corporation | Transportation Infrastructure | 8.50% | 10/31/2022 | 11/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8.50% | |||
Investment Owned, at Cost | [38] | $ 12,310 | |||
Fair Value | [38] | 12,272 | |||
Investment, Identifier [Axis]: Equipment Financing | Smiley Lifting Solutions, LLC | Commercial Services & Supplies | 7.82-8.61% | 6/30/2022 | 9/15/2026-6/27/2030 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 5,577 | [37] | 5,945 | [38] | |
Fair Value | $ 5,577 | [37] | $ 5,945 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Star Coaches Inc | Road & Rail | 8.42% | 3/9/2018 | 4/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | 8.42% | [36],[37] | 8.42% | [5],[38] | |
Investment Owned, at Cost | $ 2,030 | [37] | $ 2,327 | [38] | |
Fair Value | 1,928 | [37] | 2,211 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail | 10.22-10.63% | 7/31/2017 | 1/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 2,279 | |||
Fair Value | [38] | $ 2,279 | |||
Investment, Identifier [Axis]: Equipment Financing | Superior Transportation, Inc | Road & Rail |10.22-10.69% | 7/31/2017 | 1/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 1,773 | |||
Fair Value | [37] | $ 1,773 | |||
Investment, Identifier [Axis]: Equipment Financing | The Smedley Company & Smedley Services, Inc | Commercial Services & Supplies | 4.07% | 7/31/2017 | 1/15/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 4.07% | |||
Investment Owned, at Cost | [38] | $ 1,397 | |||
Fair Value | [38] | 1,270 | |||
Investment, Identifier [Axis]: Equipment Financing | The Smedley Company & Smedley Services, Inc. | Commercial Services & Supplies | 4.07% | 7/31/2017 | 1/15/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 4.07% | |||
Investment Owned, at Cost | [37] | $ 1,117 | |||
Fair Value | [37] | 1,037 | |||
Investment, Identifier [Axis]: Equipment Financing | Total Equipment Financing | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 239,162 | 282,078 | |||
Fair Value | 209,457 | 256,819 | |||
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment Rentals, Inc | Commercial Services & Supplies | 7.94-8.75% | 10/8/2021 | 11/1/2024-12/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 248 | [37] | 361 | [38] | |
Fair Value | 248 | [37] | 361 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Trinity Equipment, Inc | Commercial Services & Supplies | 8.78-8.93% | 5/4/2023 | 5/4/2028-5/19/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 1,218 | [37] | 1,345 | [38] | |
Fair Value | 1,218 | [37] | 1,345 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | U.S. Crane & Rigging, LLC | Commercial Services & Supplies | 8.73%-10.92% | 12/23/2022 | 3/1/2027-9/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 2,277 | [37] | 2,574 | [38] | |
Fair Value | $ 2,277 | [37] | $ 2,574 | [38] | |
Investment, Identifier [Axis]: Equipment Financing | Up Trucking Services, LLC | Road & Rail | 11.21% | 3/23/2018 | 8/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 11.21% | |||
Investment Owned, at Cost | [38] | $ 209 | |||
Fair Value | [38] | $ 208 | |||
Investment, Identifier [Axis]: Equipment Financing | Up Trucking Services, LLC | Road & Rail | 11.30% | 3/23/2018 | 8/1/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 11.30% | |||
Investment Owned, at Cost | [37] | $ 162 | |||
Fair Value | [37] | $ 159 | |||
Investment, Identifier [Axis]: Equipment Financing | Waste Pro of Florida, Inc. & Waste Pro USA, Inc. | Commercial Services & Supplies | 9.17% | 4/18/2023 | 4/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 9.17% | |||
Investment Owned, at Cost | [38] | $ 9,057 | |||
Fair Value | [38] | 8,915 | |||
Investment, Identifier [Axis]: Equipment Financing | Waste Pro of Florida, Inc. & Waste Pro USA, Inc. | Commercial Services & Supplies| 9.17% | 4/18/2023 | 4/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 9.17% | |||
Investment Owned, at Cost | [37] | $ 8,173 | |||
Fair Value | [37] | 8,057 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services | 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 311 | |||
Fair Value | [38] | $ 311 | |||
Investment, Identifier [Axis]: Equipment Financing | Wind River Environmental, LLC | Diversified Consumer Services| 8.43-10.00% | 7/31/2019 | 8/1/2024-10/5/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 154 | |||
Fair Value | [37] | $ 154 | |||
Investment, Identifier [Axis]: Equipment Financing | Womble Company, Inc. | Energy Equipment & Services | 9.11% | 12/27/2019 | 1/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 9.11% | |||
Investment Owned, at Cost | [38] | $ 210 | |||
Fair Value | [38] | 206 | |||
Investment, Identifier [Axis]: Equipment Financing | Womble Company, Inc. | Energy Equipment & Services| 9.11% | 12/27/2019 | 1/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 9.11% | |||
Investment Owned, at Cost | [37] | $ 116 | |||
Fair Value | [37] | 113 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure | 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [38] | 3,097 | |||
Fair Value | [38] | $ 3,053 | |||
Investment, Identifier [Axis]: Equipment Financing | Worldwide Flight Services, Inc. | Transportation Infrastructure| 8.32-9.93% | 9/23/2022 | 9/23/2027-8/16/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | [37] | 2,803 | |||
Fair Value | [37] | $ 2,766 | |||
Investment, Identifier [Axis]: Equipment Financing | Zamborelli Enterprises Pacific Southern Foundation | Diversified Consumer Services | 8.91% | 12/7/2022 | 1/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [5],[38] | 8.91% | |||
Investment Owned, at Cost | [38] | $ 570 | |||
Fair Value | [38] | $ 566 | |||
Investment, Identifier [Axis]: Equipment Financing | Zamborelli Enterprises Pacific Southern Foundation | Diversified Consumer Services| 8.91% | 12/7/2022 | 1/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [36],[37] | 8.91% | |||
Investment Owned, at Cost | [37] | $ 488 | |||
Fair Value | [37] | $ 485 | |||
Investment, Identifier [Axis]: Erie Construction Mid-west, LLC | Building Products | S+475 | 1.00% | 10.15% | 7/30/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 475% | |||
Floor | 1% | ||||
Interest Rate | [7] | 10.15% | |||
Maturity Date | Jul. 30, 2027 | ||||
Par Amount | $ 8,229 | ||||
Investment Owned, at Cost | 8,229 | ||||
Fair Value | [1] | $ 8,229 | |||
Investment, Identifier [Axis]: Erie Construction Mid-west, LLC | Building Products | S+475 | 1.00% | 10.20% | 7/30/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9] | 475% | |||
Floor | 1% | ||||
Interest Rate | [11] | 10.20% | |||
Maturity Date | Jul. 30, 2027 | ||||
Par Amount | $ 8,457 | ||||
Investment Owned, at Cost | 8,457 | ||||
Fair Value | [2] | $ 8,457 | |||
Investment, Identifier [Axis]: Exactcare Parent, Inc.| Health Care Providers & Services | S+650 | 1.00% | 11.84% | 11/5/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 650% | |||
Floor | 1% | ||||
Interest Rate | [7] | 11.84% | |||
Maturity Date | Nov. 05, 2029 | ||||
Par Amount | $ 3,220 | ||||
Investment Owned, at Cost | 3,135 | ||||
Fair Value | [1] | $ 3,220 | |||
Investment, Identifier [Axis]: Fertility (ITC) Investment Holdco, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.78% | 1/3/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 650% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.78% | |||
Maturity Date | [8] | Jan. 03, 2029 | |||
Par Amount | [8] | $ 5,925 | |||
Investment Owned, at Cost | [8] | 5,774 | |||
Fair Value | [1],[8] | $ 5,925 | |||
Investment, Identifier [Axis]: Fertility (ITC) Investment Holdco, LLC | Health Care Providers and Services | S+650 | 1.00% | 11.97% | 1/3/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.97% | |||
Maturity Date | [10] | Jan. 03, 2029 | |||
Par Amount | [10] | $ 5,955 | |||
Investment Owned, at Cost | [10] | 5,791 | |||
Fair Value | [2],[10] | $ 5,955 | |||
Investment, Identifier [Axis]: Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.73% | 2/12/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.73% | |||
Maturity Date | [8] | Feb. 12, 2027 | |||
Par Amount | [8] | $ 8,551 | |||
Investment Owned, at Cost | [8] | 8,551 | |||
Fair Value | [1],[8] | $ 8,551 | |||
Investment, Identifier [Axis]: Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.79% | 2/12/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 625% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.79% | |||
Maturity Date | [10] | Feb. 12, 2027 | |||
Par Amount | [10] | $ 8,641 | |||
Investment Owned, at Cost | [10] | 8,641 | |||
Fair Value | [2],[10] | $ 8,641 | |||
Investment, Identifier [Axis]: GSM Acquisition Corp | Leisure Equipment and Products | S+500 | 1.00% | 10.46% | 11/16/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 500% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.46% | |||
Maturity Date | [8] | Nov. 16, 2026 | |||
Par Amount | [8] | $ 8,497 | |||
Investment Owned, at Cost | [8] | 8,497 | |||
Fair Value | [1],[8] | $ 8,497 | |||
Investment, Identifier [Axis]: GSM Acquisition Corp | Leisure Equipment and Products | S+500 | 1.00% | 10.47% | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 500% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.47% | |||
Maturity Date | [10] | Nov. 16, 2026 | |||
Par Amount | [10] | $ 8,541 | |||
Investment Owned, at Cost | [10] | 8,541 | |||
Fair Value | [2],[10] | $ 8,541 | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc | Insurance | S+550 | 1.00% | 10.94% | 11/25/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 550% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.94% | |||
Maturity Date | [8] | Nov. 25, 2028 | |||
Par Amount | [8] | $ 7,535 | |||
Investment Owned, at Cost | [8] | 7,535 | |||
Fair Value | [1],[8] | $ 7,535 | |||
Investment, Identifier [Axis]: Higginbotham Insurance Agency, Inc | Insurance | S+550 | 1.00% | 10.96% | 11/25/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 550% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.96% | |||
Maturity Date | [10] | Nov. 25, 2028 | |||
Par Amount | [10] | $ 7,573 | |||
Investment Owned, at Cost | [10] | 7,573 | |||
Fair Value | [2],[10] | $ 7,573 | |||
Investment, Identifier [Axis]: High Street Buyer, Inc | Insurance | S+525 | 0.75% | 10.59% | 4/16/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 525% | |||
Floor | 0.75% | ||||
Interest Rate | [7] | 10.59% | |||
Maturity Date | Apr. 16, 2028 | ||||
Par Amount | $ 7,565 | ||||
Investment Owned, at Cost | 7,565 | ||||
Fair Value | [1] | $ 7,565 | |||
Investment, Identifier [Axis]: High Street Buyer, Inc | Insurance | S+575 | 0.75% | 11.25% | 4/16/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9] | 575% | |||
Floor | 0.75% | ||||
Interest Rate | [11] | 11.25% | |||
Maturity Date | Apr. 16, 2028 | ||||
Par Amount | $ 7,604 | ||||
Investment Owned, at Cost | 7,604 | ||||
Fair Value | [2] | $ 7,604 | |||
Investment, Identifier [Axis]: Kaseya, Inc | Software | S+550 | 0.75% | 10.83% | 6/23/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 550% | |||
Floor | [8] | 0.75% | |||
Interest Rate | [7],[8] | 10.83% | |||
Maturity Date | [8] | Jun. 23, 2029 | |||
Par Amount | [8] | $ 9,172 | |||
Investment Owned, at Cost | [8] | 9,172 | |||
Fair Value | [1],[8] | $ 9,172 | |||
Investment, Identifier [Axis]: Kaseya, Inc | Software | S+600 | 0.75% | 11.38% | 6/23/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 600% | |||
Floor | [10] | 0.75% | |||
Interest Rate | [10],[11] | 11.38% | |||
Maturity Date | [10] | Jun. 23, 2029 | |||
Par Amount | [10] | $ 9,058 | |||
Investment Owned, at Cost | [10] | 9,058 | |||
Fair Value | [2],[10] | $ 9,058 | |||
Investment, Identifier [Axis]: Kid Distro Holdings, LLC | Software | S+550 | 1.00% | 10.94% | 10/1/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 550% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.94% | |||
Maturity Date | [8] | Oct. 01, 2027 | |||
Par Amount | [8] | $ 8,893 | |||
Investment Owned, at Cost | [8] | 8,893 | |||
Fair Value | [1],[8] | $ 8,893 | |||
Investment, Identifier [Axis]: Kid Distro Holdings, LLC | Software | S+550 | 1.00% | 11.00% | 10/1/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 550% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11% | |||
Maturity Date | [10] | Oct. 01, 2027 | |||
Par Amount | [10] | $ 8,939 | |||
Investment Owned, at Cost | [10] | 8,939 | |||
Fair Value | [2],[10] | $ 8,939 | |||
Investment, Identifier [Axis]: Legacy Service Partners, LLC | Diversified Consumer Services | S+575 | 1.00% | 11.23% | 1/9/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 575% | |||
Floor | 1% | ||||
Interest Rate | [7] | 11.23% | |||
Maturity Date | Jan. 09, 2029 | ||||
Par Amount | $ 1,947 | ||||
Investment Owned, at Cost | 1,900 | ||||
Fair Value | [1] | $ 1,947 | |||
Investment, Identifier [Axis]: Maxor Acquisition, Inc | Health Care Providers and Services| S+675 | 1.00% | 12.29% | 3/1/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 675% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 12.29% | |||
Maturity Date | [8] | Mar. 01, 2029 | |||
Par Amount | [8] | $ 6,089 | |||
Investment Owned, at Cost | [8] | 5,923 | |||
Fair Value | [1],[8] | $ 6,089 | |||
Investment, Identifier [Axis]: Maxor Acquisition, Inc | Health Care Providers and Services| S+675 | 1.00% | 12.48% | 3/1/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 675% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 12.48% | |||
Maturity Date | [10] | Mar. 01, 2029 | |||
Par Amount | [10] | $ 6,120 | |||
Investment Owned, at Cost | [10] | 5,940 | |||
Fair Value | [2],[10] | $ 6,120 | |||
Investment, Identifier [Axis]: Medrina, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.55% | 10/20/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 625% | |||
Floor | 1% | ||||
Interest Rate | [7] | 11.55% | |||
Maturity Date | Oct. 20, 2029 | ||||
Par Amount | $ 2,398 | ||||
Investment Owned, at Cost | 2,341 | ||||
Fair Value | [1] | $ 2,398 | |||
Investment, Identifier [Axis]: ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.57% | 7/8/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.57% | |||
Maturity Date | [8] | Jul. 08, 2026 | |||
Par Amount | [8] | $ 5,878 | |||
Investment Owned, at Cost | [8] | 5,753 | |||
Fair Value | [1],[8] | $ 5,878 | |||
Investment, Identifier [Axis]: ONS MSO, LLC | Health Care Providers and Services | S+625 | 1.00% | 11.62% | 7/8/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 625% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.62% | |||
Maturity Date | [10] | Jul. 08, 2026 | |||
Par Amount | [10] | $ 5,922 | |||
Investment Owned, at Cost | [10] | 5,784 | |||
Fair Value | [2],[10] | $ 5,922 | |||
Investment, Identifier [Axis]: Pinnacle Treatment Centers, Inc | Health Care Providers and Services | S+650 | 1.00% | 11.95% | 1/2/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.95% | |||
Maturity Date | [10] | Jan. 02, 2026 | |||
Par Amount | [10] | $ 6,951 | |||
Investment Owned, at Cost | [10] | 6,951 | |||
Fair Value | [2],[10] | $ 6,951 | |||
Investment, Identifier [Axis]: Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.44% | 8/18/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 500% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.44% | |||
Maturity Date | [8] | Aug. 18, 2027 | |||
Par Amount | [8] | $ 5,608 | |||
Investment Owned, at Cost | [8] | 5,461 | |||
Fair Value | [1],[8] | $ 5,608 | |||
Investment, Identifier [Axis]: Plastics Management, LLC | Health Care Providers and Services | S+500 | 1.00% | 10.45% | 8/18/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 500% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.45% | |||
Maturity Date | [10] | Aug. 18, 2027 | |||
Par Amount | [10] | $ 5,637 | |||
Investment Owned, at Cost | [10] | 5,471 | |||
Fair Value | [2],[10] | $ 5,637 | |||
Investment, Identifier [Axis]: Preferred Equity - | SOINT LLC | Aerospace & Defense | 0.00% | 6/8/2012 | 6/30/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [21],[24],[36],[45] | 0% | |||
Investment Owned, at Cost | [21],[24],[45] | $ 5,241 | |||
Fair Value | [21],[24],[45] | $ 2,500 | |||
Investment, Identifier [Axis]: Preferred Equity | SOINT LLC | Aerospace & Defense | 5.00% | 6/8/2012 | 6/30/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Interest Rate | [4],[18],[46],[47] | 5% | |||
Investment Owned, at Cost | [4],[18],[47] | $ 5,178 | |||
Fair Value | [4],[18],[47] | $ 3,801 | |||
Investment, Identifier [Axis]: RQM+ Corp | Life Sciences Tools & Services | S+575 | 1.00% | 11.35% | 8/12/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 575% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.35% | |||
Maturity Date | [8] | Aug. 12, 2026 | |||
Par Amount | [8] | $ 5,924 | |||
Investment Owned, at Cost | [8] | 5,924 | |||
Fair Value | [1],[8] | $ 5,776 | |||
Investment, Identifier [Axis]: RQM+ Corp | Life Sciences Tools and Services | S+575 | 1.00% | 11.36% | 8/12/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 575% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.36% | |||
Maturity Date | [10] | Aug. 12, 2026 | |||
Par Amount | [10] | $ 5,955 | |||
Investment Owned, at Cost | [10] | 5,955 | |||
Fair Value | [2],[10] | $ 5,955 | |||
Investment, Identifier [Axis]: Retina Midco, Inc | Health Care Providers & Services | S+575 | 1.00% | 11.34% | 1/31/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 575% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.34% | |||
Maturity Date | [8] | Jan. 31, 2026 | |||
Par Amount | [8] | $ 9,962 | |||
Investment Owned, at Cost | [8] | 9,784 | |||
Fair Value | [1],[8] | $ 9,962 | |||
Investment, Identifier [Axis]: RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.43% | 3/13/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 50% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 10.43% | |||
Maturity Date | [8] | Mar. 13, 2026 | |||
Par Amount | [8] | $ 8,922 | |||
Investment Owned, at Cost | [8] | 8,922 | |||
Fair Value | [1],[8] | $ 8,922 | |||
Investment, Identifier [Axis]: RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.48% | 3/13/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 500% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 10.48% | |||
Maturity Date | [10] | Mar. 13, 2026 | |||
Par Amount | [10] | $ 8,968 | |||
Investment Owned, at Cost | [10] | 8,968 | |||
Fair Value | [2],[10] | $ 8,968 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | 33Across Inc. | Media | P+232 | 8.50% | 10.82% | 1/22/2024 | 10/31/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 232% | |||
Interest Rate | [36] | 10.82% | |||
Investment Owned, at Cost | $ 2,288 | ||||
Fair Value | $ 2,288 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Accession Risk Management Group, Inc. (f/k/a RSC Acquisition, Inc.) | Insurance | S+550 | 0.75% | 11.00% | 4/1/2022 | 11/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 550% | |||
Interest Rate | [5] | 11% | |||
Investment Owned, at Cost | $ 6,932 | ||||
Fair Value | $ 6,932 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Aegis Toxicology Sciences Corporation | Health Care Providers & Services | S+550 | 1.00% | 11.09% | 5/7/2018 | 5/9/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 11.09% | |||
Investment Owned, at Cost | [49] | $ 13,130 | |||
Fair Value | [49] | $ 13,241 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Aegis Toxicology Sciences Corporation | Health Care Providers & Services | S+550 | 1.00% | 11.13% | 5/7/2018 | 5/9/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 550% | |||
Interest Rate | [5],[50] | 11.13% | |||
Investment Owned, at Cost | [50] | $ 13,188 | |||
Fair Value | [50] | $ 13,360 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Alkeme Intermediary Holdings, LLC | Insurance | S+600 | 1.00% | 11.44% | 9/20/2023 | 10/28/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 600% | |||
Interest Rate | [36],[49] | 11.44% | |||
Investment Owned, at Cost | [49] | $ 16,561 | |||
Fair Value | [49] | $ 17,003 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Alkeme Intermediary Holdings, LLC | Insurance | S+650 | 1.00% | 11.96% | 9/20/2023 | 10/28/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 11.96% | |||
Investment Owned, at Cost | $ 8,277 | ||||
Fair Value | $ 8,514 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | All States Ag Parts, LLC | Trading Companies & Distributors | S+600 | 1.00% | 11.61% | 4/1/2022 | 9/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 600% | |||
Interest Rate | [5],[50] | 11.61% | |||
Investment Owned, at Cost | [50] | $ 2,036 | |||
Fair Value | [50] | $ 2,063 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | All States Ag Parts, LLC | Trading Companies &Distributors | S+600 | 1.00% | 11.60% | 4/1/2022 | 9/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 600% | |||
Interest Rate | [36],[49] | 11.60% | |||
Investment Owned, at Cost | [49] | $ 2,134 | |||
Fair Value | [49] | $ 2,156 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Atria Wealth Solutions, Inc. | Diversified Financial Services | S+650 | 1.00% | 11.97% | 9/14/2018 | 5/31/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 650% | |||
Interest Rate | [5],[50] | 11.97% | |||
Investment Owned, at Cost | [50] | $ 16,159 | |||
Fair Value | [50] | $ 16,243 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Atria Wealth Solutions, Inc. | Diversified Financial Services | S+650 | 1.00% | 12.09% | 9/14/2018 | 11/29/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 650% | |||
Interest Rate | [36],[49] | 12.09% | |||
Investment Owned, at Cost | [49] | $ 21,055 | |||
Fair Value | [49] | $ 21,139 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BDG Media, Inc. | Media | P+525 | 5.50% | 13.75% | 7/18/2022 | 7/31/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 525% | [48] | 525% | [3] | |
Interest Rate | 13.75% | [36] | 13.75% | [5] | |
Investment Owned, at Cost | $ 2,741 | $ 7,854 | |||
Fair Value | $ 2,741 | $ 7,854 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Basic Fun, Inc. | Specialty Retail | S+650 | 1.00% | 12.14% | 10/30/2020 | 7/2/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 650% | |||
Interest Rate | [5],[50] | 12.14% | |||
Investment Owned, at Cost | [50] | $ 2,145 | |||
Fair Value | [50] | $ 2,150 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Basic Fun, Inc. | Specialty Retail | S+650 | 1.00% | 14.11% | 10/30/2020 | 7/2/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 650% | |||
Interest Rate | [36],[49] | 14.11% | |||
Investment Owned, at Cost | [49] | $ 2,178 | |||
Fair Value | [49] | $ 2,178 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BayMark Health Services, Inc. | Health Care Providers & Services | S+500 | 1.00% | 10.60% | 4/1/2022 | 6/11/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 500% | |||
Interest Rate | [36],[49] | 10.60% | |||
Investment Owned, at Cost | [49] | $ 8,007 | |||
Fair Value | [49] | $ 8,058 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | BayMark Health Services, Inc. | Health Care Providers & Services | S+500 | 1.00% | 10.61% | 4/1/2022 | 6/11/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 500% | |||
Interest Rate | [5],[50] | 10.61% | |||
Investment Owned, at Cost | [50] | $ 8,016 | |||
Fair Value | [50] | $ 8,265 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Opco, LLC | Health Care Providers & Services | S+725 | 1.00% | 12.73% | 5/31/2023 | 5/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [17],[48],[51] | 725% | |||
Interest Rate | [17],[36] | 12.73% | |||
Investment Owned, at Cost | [17] | $ 19,995 | |||
Fair Value | [17] | $ 19,995 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Opco, LLC | Health Care Providers & Services | S+725 | 1.00% | 12.75% | 5/31/2023 | 5/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[16],[46] | 725% | |||
Interest Rate | [5],[16] | 12.75% | |||
Investment Owned, at Cost | [16] | $ 19,415 | |||
Fair Value | [16] | $ 19,415 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Parent, LLC | Health Care Providers & Services | S+1000 | 1.00% | 15.48% | 5/31/2023 | 5/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [17],[48],[51] | 1,000% | |||
Interest Rate | [17],[36] | 15.48% | |||
Investment Owned, at Cost | [17] | $ 5,564 | |||
Fair Value | [17] | $ 5,564 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Bayside Parent, LLC | Health Care Providers & Services | S+1000 | 1.00% | 15.50% | 5/31/2023 | 5/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[16],[46] | 1,000% | |||
Interest Rate | [5],[16] | 15.50% | |||
Investment Owned, at Cost | [16] | $ 5,153 | |||
Fair Value | [16] | $ 5,153 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Brainjolt LLC | Media | P+425 | 3.25% | 12.75% | 1/22/2024 | 1/22/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 425% | |||
Interest Rate | [36] | 12.75% | |||
Investment Owned, at Cost | $ 2,113 | ||||
Fair Value | $ 2,113 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CC SAG Holdings Corp. (Spectrum Automotive) | Diversified Consumer Services | P+525 | 0.75% | 10.59% | 6/29/2021 | 6/29/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 525% | |||
Interest Rate | [36],[49] | 10.59% | |||
Investment Owned, at Cost | [49] | $ 29,922 | |||
Fair Value | [49] | $ 30,356 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CC SAG Holdings Corp. (Spectrum Automotive) | Diversified Consumer Services | S+575| 0.75% | 11.22% | 6/29/2021 | 6/29/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 575% | |||
Interest Rate | [5],[50] | 11.22% | |||
Investment Owned, at Cost | [50] | $ 30,031 | |||
Fair Value | [50] | $ 30,510 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CVAUSA Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.74% | 5/22/2023 | 5/22/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 650% | |||
Interest Rate | [5],[50] | 11.74% | |||
Investment Owned, at Cost | [50] | $ 16,873 | |||
Fair Value | [50] | $ 17,366 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | CVAUSA Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.75% | 5/22/2023 | 5/22/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 650% | |||
Interest Rate | [36],[49] | 11.75% | |||
Investment Owned, at Cost | [49] | $ 16,821 | |||
Fair Value | [49] | $ 17,279 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Copper River Seafoods, Inc. | Food Products | P+275 | —% | 11.25% | 12/1/2023 | 4/23/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 275% | [48] | 275% | [3] | |
Interest Rate | 11.25% | [36] | 11.25% | [5] | |
Investment Owned, at Cost | $ 4,284 | $ 4,949 | |||
Fair Value | $ 4,284 | $ 4,949 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Crewline Buyer, Inc. | IT Services | S+675 | 1.00% | 12.10% | 11/8/2023 | 11/8/2030 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 675% | |||
Interest Rate | [5] | 12.10% | |||
Investment Owned, at Cost | $ 4,958 | ||||
Fair Value | $ 4,957 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | DeepIntent, Inc. | Media | P+175 | —% | 10.25% | 12/1/2023 | 3/25/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 175% | |||
Interest Rate | [5] | 10.25% | |||
Investment Owned, at Cost | $ 21,067 | ||||
Fair Value | $ 21,067 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | DeepIntent, Inc. | Media | P+225 | —% | 10.75% | 12/1/2023 | 6/30/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 225% | |||
Interest Rate | [36] | 10.75% | |||
Investment Owned, at Cost | $ 25,172 | ||||
Fair Value | $ 25,172 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ENS Holdings III Corp. & ES Opco USA LLC (Bluefin) | Trading Companies & Distributors | S+475 | 1.00% | 10.19% | 4/1/2022 | 12/31/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 475% | |||
Interest Rate | [36],[49] | 10.19% | |||
Investment Owned, at Cost | [49] | $ 4,290 | |||
Fair Value | [49] | $ 4,369 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ENS Holdings III Corp. & ES Opco USA LLC (Bluefin) | Trading Companies & Distributors | S+475 | 1.00% | 10.20% | 4/1/2022 | 12/31/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 475% | |||
Interest Rate | [5],[50] | 10.20% | |||
Investment Owned, at Cost | [50] | $ 4,398 | |||
Fair Value | [50] | $ 4,505 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Enhanced Permanent Capital, LLC | Capital Markets | S+700 | 1.00% | 12.44% | 12/29/2020 | 12/29/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 700% | [24],[48] | 700% | [3],[4] | |
Interest Rate | 12.44% | [24],[36] | 12.44% | [4],[5] | |
Investment Owned, at Cost | $ 42,017 | [24] | $ 41,864 | [4] | |
Fair Value | $ 42,521 | [24] | $ 42,521 | [4] | |
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Exactcare Parent, Inc. | Health Care Providers & Services | S+650 | 1.00% | 11.89% | 11/3/2023 | 11/5/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 11.89% | |||
Investment Owned, at Cost | $ 3,140 | ||||
Fair Value | $ 3,139 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | EyeSouth Eye Care Holdco LLC | Health Care Providers & Services | S+550 | 1.00% | 10.93% | 10/6/2022 | 10/5/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 550% | |||
Interest Rate | [36] | 10.93% | |||
Investment Owned, at Cost | $ 11,460 | ||||
Fair Value | $ 11,519 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Fertility (ITC) Investment Holdco, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.78% | 1/4/2023 | 1/3/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 650% | |||
Interest Rate | [36] | 11.78% | |||
Investment Owned, at Cost | $ 21,934 | ||||
Fair Value | $ 22,482 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Fertility (ITC) Investment Holdco, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.97% | 1/4/2023 | 1/3/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 11.97% | |||
Investment Owned, at Cost | $ 22,000 | ||||
Fair Value | $ 22,596 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.73% | 2/12/2021 | 2/12/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 625% | |||
Interest Rate | [36],[49] | 11.73% | |||
Investment Owned, at Cost | [49] | $ 25,985 | |||
Fair Value | [49] | $ 26,448 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Foundation Consumer Brands, LLC | Personal Products | S+625 | 1.00% | 11.79% | 2/12/2021 | 2/12/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 625% | |||
Interest Rate | [5],[50] | 11.79% | |||
Investment Owned, at Cost | [50] | $ 26,181 | |||
Fair Value | [50] | $ 26,726 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | GSM Acquisition Corp. | Leisure Equipment & Products | S+500 | 1.00% | 10.46% | 4/1/2022 | 11/16/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 500% | |||
Interest Rate | [36] | 10.46% | |||
Investment Owned, at Cost | $ 2,298 | ||||
Fair Value | $ 2,360 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | GSM Acquisition Corp. | Leisure Equipment & Products | S+500 | 1.00% | 10.47% | 4/1/2022 | 11/16/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 500% | |||
Interest Rate | [5] | 10.47% | |||
Investment Owned, at Cost | $ 2,296 | ||||
Fair Value | $ 2,371 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Higginbotham Insurance Agency, Inc. | Insurance | S+550 | 1.00% | 10.94% | 4/1/2022 | 11/25/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.94% | |||
Investment Owned, at Cost | [49] | $ 21,102 | |||
Fair Value | [49] | $ 21,102 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Higginbotham Insurance Agency, Inc. | Insurance | S+550 | 1.00% | 10.96% | 4/1/2022 | 11/25/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 550% | |||
Interest Rate | [5],[50] | 10.96% | |||
Investment Owned, at Cost | [50] | $ 21,210 | |||
Fair Value | [50] | $ 21,210 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Human Interest Inc. | Internet Software & Services | S+735 | 1.00% | 12.68% | 6/30/2022 | 7/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 735% | |||
Interest Rate | [36] | 12.68% | |||
Investment Owned, at Cost | $ 20,023 | ||||
Fair Value | $ 20,104 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Human Interest Inc. | Internet Software & Services | S+785 | 1.00% | 13.19% | 6/30/2022 | 7/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 785% | |||
Interest Rate | [5] | 13.19% | |||
Investment Owned, at Cost | $ 19,943 | ||||
Fair Value | $ 20,104 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kaseya, Inc. | Software | S+550 | 0.75% | 10.83% | 6/22/2022 | 6/23/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.83% | |||
Investment Owned, at Cost | [49] | $ 24,537 | |||
Fair Value | [49] | $ 24,819 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kaseya, Inc. | Software | S+600 | 0.75% | 10.86% | 6/22/2022 | 6/23/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 600% | |||
Interest Rate | [5],[50],[52] | 10.86% | |||
Investment Owned, at Cost | [50] | $ 24,215 | |||
Fair Value | [50] | $ 24,519 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kid Distro Holdings, LLC (Distro Kid) | Software | S+550 | 1.00% | 10.94% | 9/24/2021 | 10/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.94% | |||
Investment Owned, at Cost | [49] | $ 19,864 | |||
Fair Value | [49] | $ 20,104 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kid Distro Holdings, LLC (Distro Kid) | Software | S+550 | 1.00% | 11.00% | 9/24/2021 | 10/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 550% | |||
Interest Rate | [5],[50] | 11% | |||
Investment Owned, at Cost | [50] | $ 19,934 | |||
Fair Value | [50] | $ 20,207 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kingsbridge Holdings, LLC | Multi-Sector Holdings | S+700 | 1.00% | 12.46% | 12/21/2018 | 12/21/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [21],[48] | 700% | |||
Interest Rate | [21],[36] | 12.46% | |||
Investment Owned, at Cost | [21] | $ 95,948 | |||
Fair Value | [21] | $ 96,000 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Kingsbridge Holdings, LLC | Multi-Sector Holdings | S+700 | 1.00% | 12.52% | 12/21/2018 | 12/21/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[18] | 700% | |||
Interest Rate | [5],[18] | 12.52% | |||
Investment Owned, at Cost | [18] | $ 95,897 | |||
Fair Value | [18] | $ 96,000 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Logix Holding Company, LLC | Communications Equipment | P+475 | 1.00% | 13.25% | 9/14/2018 | 12/22/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 475% | [48],[49] | 475% | [3],[50] | |
Interest Rate | 13.25% | [36],[49] | 13.25% | [5],[50] | |
Investment Owned, at Cost | $ 13,810 | [49] | $ 13,613 | [50] | |
Fair Value | $ 14,009 | [49] | $ 13,729 | [50] | |
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Luxury Asset Capital, LLC | Thrifts & Mortgage Finance | S+675 | 1.00% | 12.19% | 7/15/2022 | 7/15/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 675% | |||
Interest Rate | [36],[49] | 12.19% | |||
Investment Owned, at Cost | [49] | $ 30,089 | |||
Fair Value | [49] | $ 30,500 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Luxury Asset Capital, LLC | Thrifts & Mortgage Finance | S+675 | 1.00% | 12.21% | 7/15/2022 | 7/15/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 675% | |||
Interest Rate | [5],[50] | 12.21% | |||
Investment Owned, at Cost | [50] | $ 30,032 | |||
Fair Value | [50] | $ 30,500 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Maxor Acquisition, Inc. | Health Care Providers & Services | S+675 | 1.00% | 12.29% | 3/1/2023 | 3/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 675% | |||
Interest Rate | [36],[49] | 12.29% | |||
Investment Owned, at Cost | [49] | $ 17,075 | |||
Fair Value | [49] | $ 17,515 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Maxor Acquisition, Inc. | Health Care Providers & Services | S+675 | 1.00% | 12.48% | 3/1/2023 | 3/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 675% | |||
Interest Rate | [5],[50] | 12.48% | |||
Investment Owned, at Cost | [50] | $ 17,128 | |||
Fair Value | [50] | $ 17,604 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Medrina, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.67% | 10/20/2023 | 10/20/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 625% | |||
Interest Rate | [5] | 11.67% | |||
Investment Owned, at Cost | $ 2,351 | ||||
Fair Value | $ 2,350 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | NSPC Intermediate Corp. (National Spine) | Health Care Providers & Services | S+800 | 1.00% | 13.48% | 4/1/2022 | 2/13/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[51],[53] | 800% | |||
Interest Rate | [36] | 13.48% | |||
Investment Owned, at Cost | $ 2,557 | ||||
Fair Value | $ 2,115 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | NSPC Intermediate Corp. (National Spine) | Health Care Providers & Services | S+800 | 1.00% | 13.53% | 4/1/2022 | 2/13/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 800% | |||
Interest Rate | [5] | 13.53% | |||
Investment Owned, at Cost | $ 2,143 | ||||
Fair Value | $ 2,216 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.57% | 2/10/2023 | 7/8/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 625% | |||
Interest Rate | [36],[49] | 11.57% | |||
Investment Owned, at Cost | [49] | $ 27,392 | |||
Fair Value | [49] | $ 27,983 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | ONS MSO, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.62% | 2/10/2023 | 7/8/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 625% | |||
Interest Rate | [5] | 11.62% | |||
Investment Owned, at Cost | $ 27,454 | ||||
Fair Value | $ 28,110 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | One Touch Direct, LLC | Commercial Services & Supplies | P+75 | —% | 9.25% | 12/1/2023 | 3/31/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 75% | |||
Interest Rate | [5] | 9.25% | |||
Investment Owned, at Cost | $ 4,915 | ||||
Fair Value | $ 4,915 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | One Touch Direct, LLC | Commercial Services & Supplies | P+75 | —% | 9.25% | 12/1/2023 | 3/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 75% | |||
Interest Rate | [36] | 9.25% | |||
Investment Owned, at Cost | $ 1,913 | ||||
Fair Value | $ 1,913 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Orthopedic Care Partners Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 12.09% | 8/17/2022 | 8/16/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 650% | |||
Interest Rate | [36] | 12.09% | |||
Investment Owned, at Cost | $ 19,482 | ||||
Fair Value | $ 19,537 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Orthopedic Care Partners Management, LLC | Health Care Providers & Services | S+650 | 1.00% | 12.11% | 8/17/2022 | 5/16/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 12.11% | |||
Investment Owned, at Cost | $ 5,470 | ||||
Fair Value | $ 5,488 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Peter C. Foy & Associates Insurance Services, LLC | Insurance | S+550 | 0.75% | 10.84% | 4/1/2022 | 11/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.84% | |||
Investment Owned, at Cost | [49] | $ 16,572 | |||
Fair Value | [49] | $ 16,792 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Peter C. Foy & Associates Insurance Services, LLC | Insurance | S+600 | 0.75% | 11.47% | 4/1/2022 | 11/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 600% | |||
Interest Rate | [5],[50] | 11.47% | |||
Investment Owned, at Cost | [50] | $ 16,636 | |||
Fair Value | [50] | $ 16,539 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Pinnacle Treatment Centers, Inc. | Health Care Providers & Services | S+650 | 1.00% | 11.86% | 1/22/2020 | 1/2/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 650% | |||
Interest Rate | [5],[50] | 11.86% | |||
Investment Owned, at Cost | [50] | $ 22,405 | |||
Fair Value | [50] | $ 22,687 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.44% | 4/1/2022 | 8/18/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 500% | |||
Interest Rate | [36],[49] | 10.44% | |||
Investment Owned, at Cost | [49] | $ 16,477 | |||
Fair Value | [49] | $ 17,052 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Plastics Management, LLC | Health Care Providers & Services | S+500 | 1.00% | 10.45% | 4/1/2022 | 8/18/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 500% | |||
Interest Rate | [5],[50] | 10.45% | |||
Investment Owned, at Cost | [50] | $ 16,488 | |||
Fair Value | [50] | $ 17,140 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Quantcast Corporation | Commercial Services & Supplies | S+525 | 2.00% | 10.60% | 6/14/2024 | 6/14/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 525% | |||
Interest Rate | [36] | 10.60% | |||
Investment Owned, at Cost | $ 8,583 | ||||
Fair Value | $ 8,582 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RQM+ Corp. | Life Sciences Tools & Services | S+575 | 1.00% | 11.35% | 8/20/2021 | 8/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 575% | |||
Interest Rate | [36],[49] | 11.35% | |||
Investment Owned, at Cost | [49] | $ 23,261 | |||
Fair Value | [49] | $ 22,928 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RQM+ Corp. | Life Sciences Tools & Services | S+575 | 1.00% | 11.36% | 8/20/2021 | 8/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 575% | |||
Interest Rate | [5],[50] | 11.36% | |||
Investment Owned, at Cost | [50] | $ 23,327 | |||
Fair Value | [50] | $ 23,636 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Retina Midco, Inc. | Health Care Providers & Services | S+575 | 1.00% | 11.34% | 12/18/2023 | 1/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 575% | |||
Interest Rate | [36],[49] | 11.34% | |||
Investment Owned, at Cost | [49] | $ 26,973 | |||
Fair Value | [49] | $ 27,424 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Retina Midco, Inc. | Health Care Providers & Services | S+575 | 1.00% | 11.38% | 12/18/2023 | 1/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 575% | |||
Interest Rate | [5],[50] | 11.38% | |||
Investment Owned, at Cost | [50] | $ 27,592 | |||
Fair Value | [50] | $ 27,583 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.43% | 4/1/2022 | 3/13/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 500% | |||
Interest Rate | [36],[49] | 10.43% | |||
Investment Owned, at Cost | [49] | $ 2,578 | |||
Fair Value | [49] | $ 2,642 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | RxSense Holdings LLC | Diversified Consumer Services | S+500 | 1.00% | 10.48% | 4/1/2022 | 3/13/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 500% | |||
Interest Rate | [5],[50] | 10.48% | |||
Investment Owned, at Cost | [50] | $ 2,573 | |||
Fair Value | [50] | $ 2,656 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SCP Eye Care, LLC | Health Care Providers & Services | S+575 | 1.00% | 11.17% | 10/6/2022 | 10/5/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 575% | |||
Interest Rate | [5] | 11.17% | |||
Investment Owned, at Cost | $ 9,728 | ||||
Fair Value | $ 10,015 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SHO Holding I Corporation (Shoes for Crews) | Footwear | S+523 | 1.00% | 10.87% | 4/1/2022 | 4/27/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 523% | |||
Interest Rate | [5],[50] | 10.87% | |||
Investment Owned, at Cost | [50] | $ 5,557 | |||
Fair Value | [50] | $ 5,092 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SPAR Marketing Force, Inc. | Media | P+190 | —% | 10.40% | 12/1/2023 | 10/10/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | 190% | [48] | 190% | [3] | |
Interest Rate | 10.40% | [36] | 10.40% | [5] | |
Investment Owned, at Cost | $ 10,971 | $ 8,461 | |||
Fair Value | $ 10,971 | $ 8,461 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Shoes for Crews Global, LLC | Diversified Consumer Services | S+650 | 1.00% | 11.95% | 6/30/2024 | 6/30/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[54] | 650% | |||
Interest Rate | [36] | 11.95% | |||
Investment Owned, at Cost | $ 3,410 | ||||
Fair Value | $ 3,412 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Sightly Enterprises, Inc | Media | P+575 | 6.00% | 14.25% | 1/22/2024 | 12/31/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 575% | |||
Interest Rate | [36] | 14.25% | |||
Investment Owned, at Cost | $ 4,456 | ||||
Fair Value | $ 4,456 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Southern Orthodontic Partners Management, LLC | Health Care Providers & Services | S+550 | 1.00% | 10.83% | 6/3/2022 | 7/27/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.83% | |||
Investment Owned, at Cost | [49] | $ 29,324 | |||
Fair Value | [49] | $ 29,476 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Southern Orthodontic Partners Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.72% | 6/3/2022 | 1/27/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[50] | 625% | |||
Interest Rate | [5],[50] | 11.72% | |||
Investment Owned, at Cost | [50] | $ 15,300 | |||
Fair Value | [50] | $ 15,545 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Stryten Resources LLC | Auto Parts & Equipment | S+800 | 1.00% | 13.46% | 8/11/2021 | 10/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 800% | |||
Interest Rate | [36] | 13.46% | |||
Investment Owned, at Cost | $ 25,261 | ||||
Fair Value | $ 25,528 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Stryten Resources LLC | Auto Parts & Equipment | S+800 | 1.00% | 13.47% | 8/11/2021 | 10/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 800% | |||
Interest Rate | [5] | 13.47% | |||
Investment Owned, at Cost | $ 25,341 | ||||
Fair Value | $ 26,044 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.93% | 6/16/2021 | 6/16/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 550% | |||
Interest Rate | [36],[49] | 10.93% | |||
Investment Owned, at Cost | [49] | $ 14,630 | |||
Fair Value | [49] | $ 14,905 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.96% | 6/16/2021 | 6/16/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 550% | |||
Interest Rate | [5],[38] | 10.96% | |||
Investment Owned, at Cost | [38] | $ 14,676 | |||
Fair Value | [38] | $ 14,982 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | TAUC Management, LLC | Health Care Providers & Services | P+450 | 1.00% | 13.00% | 4/1/2022 | 2/12/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 450% | |||
Interest Rate | [5],[38] | 13% | |||
Investment Owned, at Cost | [38] | $ 6,646 | |||
Fair Value | [38] | $ 6,409 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | TAUC Management, LLC | Health Care Providers & Services | S+700 | 1.00% | 14.50% | 4/1/2022 | 2/12/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49],[55] | 700% | |||
Interest Rate | [36],[49] | 14.50% | |||
Investment Owned, at Cost | [49] | $ 6,760 | |||
Fair Value | [49] | $ 6,272 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.59% | 8/17/2023 | 8/15/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 625% | |||
Interest Rate | [36],[49] | 11.59% | |||
Investment Owned, at Cost | [49] | $ 9,811 | |||
Fair Value | [49] | $ 10,037 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.61% | 8/17/2023 | 8/15/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 625% | |||
Interest Rate | [5],[38] | 11.61% | |||
Investment Owned, at Cost | [38] | $ 10,030 | |||
Fair Value | [38] | $ 10,276 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Tilley Distribution, Inc. | Trading Companies & Distributors | S+600 | 1.00% | 11.48% | 4/1/2022 | 12/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 600% | |||
Interest Rate | [36],[49] | 11.48% | |||
Investment Owned, at Cost | [49] | $ 3,587 | |||
Fair Value | [49] | $ 3,634 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Tilley Distribution, Inc. | Trading Companies & Distributors | S+600 | 1.00% | 11.50% | 4/1/2022 | 12/31/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 600% | |||
Interest Rate | [5],[38] | 11.50% | |||
Investment Owned, at Cost | [38] | $ 3,663 | |||
Fair Value | [38] | $ 3,808 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | UVP Management, LLC | Health Care Providers & Services | S+ 625 | 1.00% | 11.75% | 9/18/2023 | 9/15/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 625% | |||
Interest Rate | [5] | 11.75% | |||
Investment Owned, at Cost | $ 16,550 | ||||
Fair Value | $ 16,499 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | UVP Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 9/18/2023 | 9/15/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 625% | |||
Interest Rate | [36] | 11.73% | |||
Investment Owned, at Cost | $ 13,497 | ||||
Fair Value | $ 13,310 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Ultimate Baked Goods Midco LLC (Rise Baking) | Packaged Foods & Meats | S+625 | 1.00% | 10.94% | 8/12/2021 | 8/13/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 625% | |||
Interest Rate | [36],[49] | 10.94% | |||
Investment Owned, at Cost | [49] | $ 26,296 | |||
Fair Value | [49] | $ 26,643 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Ultimate Baked Goods Midco LLC (Rise Baking) | Packaged Foods & Meats | S+625 | 1.00% | 10.96% | 8/12/2021 | 8/13/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 625% | |||
Interest Rate | [5],[38] | 10.96% | |||
Investment Owned, at Cost | [38] | $ 25,811 | |||
Fair Value | [38] | $ 26,095 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | United Digestive MSO Parent, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.80% | 3/30/2023 | 3/30/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 650% | |||
Interest Rate | [36],[49] | 11.80% | |||
Investment Owned, at Cost | [49] | $ 10,021 | |||
Fair Value | [49] | $ 10,284 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | United Digestive MSO Parent, LLC | Health Care Providers & Services | S+675 | 1.00% | 12.25% | 3/30/2023 | 3/30/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 675% | |||
Interest Rate | [5] | 12.25% | |||
Investment Owned, at Cost | $ 9,544 | ||||
Fair Value | $ 9,812 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Urology Management Holdings, Inc | Health Care Providers & Services | S+ 650 | 1.00% | 11.93% | 2/7/2023 | 6/15/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 11.93% | |||
Investment Owned, at Cost | $ 8,983 | ||||
Fair Value | $ 9,136 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Urology Management Holdings, Inc. | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 2/7/2023 | 6/15/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 625% | |||
Interest Rate | [36] | 11.73% | |||
Investment Owned, at Cost | $ 10,446 | ||||
Fair Value | $ 10,669 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Vessco Midco Holdings, LLC | Water Utilities | P+350 | 1.00% | 12.00% | 4/1/2022 | 11/2/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 350% | |||
Interest Rate | [5] | 12% | |||
Investment Owned, at Cost | $ 15 | ||||
Fair Value | $ 15 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | WCI-BXC Purchaser, LLC | Distributors | S+625 | 1.00% | 11.64% | 11/6/2023 | 11/6/2030 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 625% | |||
Interest Rate | [5] | 11.64% | |||
Investment Owned, at Cost | $ 2,833 | ||||
Fair Value | $ 2,832 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | West-NR Parent, Inc. | Insurance | S+625 | 1.00% | 11.68% | 8/1/2023 | 12/27/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 625% | |||
Interest Rate | [36],[49] | 11.68% | |||
Investment Owned, at Cost | [49] | $ 8,820 | |||
Fair Value | [49] | $ 8,970 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | West-NR Parent, Inc. | Insurance | S+625 | 1.00% | 11.70% | 8/1/2023 | 12/27/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 625% | |||
Interest Rate | [5],[38] | 11.70% | |||
Investment Owned, at Cost | [38] | $ 8,848 | |||
Fair Value | [38] | $ 9,015 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | Western Veterinary Partners LLC | Diversified Consumer Services | S+600 | 1.00% | 11.60% | 1/19/2024 | 10/29/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 600% | |||
Interest Rate | [36],[49] | 11.60% | |||
Investment Owned, at Cost | [49] | $ 15,760 | |||
Fair Value | [49] | $ 15,738 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | iCIMS, Inc. | Software | S+725 | 0.75% | 12.08% | 8/18/2022 | 8/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 725% | |||
Interest Rate | [36],[56] | 12.08% | |||
Investment Owned, at Cost | $ 30,960 | ||||
Fair Value | $ 31,346 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Bank Debt/Senior Secured Loans | iCIMS, Inc. | Software | S+725 | 0.75% | 12.10% | 8/18/2022 | 8/18/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 725% | |||
Interest Rate | [5],[57] | 12.10% | |||
Investment Owned, at Cost | $ 30,642 | ||||
Fair Value | $ 31,059 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Alimera Sciences, Inc. | Pharmaceuticals | S+515 | 4.60% | 10.48% | 12/31/2019 | 5/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [24],[48],[49] | 515% | |||
Interest Rate | [24],[36],[49] | 10.48% | |||
Investment Owned, at Cost | [24],[49] | $ 37,703 | |||
Fair Value | [24],[49] | $ 40,462 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Alimera Sciences, Inc. | Pharmaceuticals | S+515 | 4.60% | 10.50% | 12/31/2019 | 5/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 515% | |||
Interest Rate | [5],[38] | 10.50% | |||
Investment Owned, at Cost | [38] | $ 34,945 | |||
Fair Value | [38] | $ 37,274 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Arcutis Biotherapeutics, Inc. | Pharmaceuticals | S+745 | 0.10% | 12.88% | 12/22/2021 | 1/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [24],[48] | 745% | |||
Interest Rate | [24],[36] | 12.88% | |||
Investment Owned, at Cost | [24] | $ 68,716 | |||
Fair Value | [24] | $ 70,450 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Arcutis Biotherapeutics, Inc. | Pharmaceuticals | S+745 | 0.10% | 12.90% | 12/22/2021 | 1/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 745% | |||
Interest Rate | [4],[5] | 12.90% | |||
Investment Owned, at Cost | [4] | $ 68,169 | |||
Fair Value | [4] | $ 68,186 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Ardelyx, Inc. | Pharmaceuticals | S+425 | 4.70% | 9.60% | 2/23/2022 | 3/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [24],[48] | 425% | |||
Interest Rate | [24],[36],[58] | 9.60% | |||
Investment Owned, at Cost | [24] | $ 33,316 | |||
Fair Value | [24] | $ 33,927 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | BridgeBio Pharma, Inc. | Biotechnology | — | —% | 9.00% | 11/17/2021 | 11/17/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4] | 0% | |||
Interest Rate | [4],[5],[59] | 9% | |||
Investment Owned, at Cost | [4] | $ 40,567 | |||
Fair Value | [4] | $ 40,854 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Cerapedics, Inc. | Biotechnology | S+620 | 2.75% | 11.53% | 12/27/2022 | 1/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 620% | |||
Interest Rate | [36] | 11.53% | |||
Investment Owned, at Cost | $ 36,378 | ||||
Fair Value | $ 37,673 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Cerapedics, Inc. | Biotechnology | S+620 | 2.75% | 11.55% | 12/27/2022 | 1/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 620% | |||
Interest Rate | [5] | 11.55% | |||
Investment Owned, at Cost | $ 36,260 | ||||
Fair Value | $ 36,156 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Glooko, Inc. | Health Care Technology | S+790 | 0.10% | 13.35% | 9/30/2021 | 10/1/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 790% | |||
Interest Rate | [5],[38] | 13.35% | |||
Investment Owned, at Cost | [38] | $ 10,010 | |||
Fair Value | [38] | $ 10,373 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Meditrina, Inc. | Health Care Equipment & Supplies | S+550 | 3.45% | 10.83% | 12/20/2022 | 12/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 550% | |||
Interest Rate | [36] | 10.83% | |||
Investment Owned, at Cost | $ 5,075 | ||||
Fair Value | $ 5,038 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Meditrina, Inc. | Health Care Equipment & Supplies | S+550 | 3.45% | 10.85% | 12/20/2022 | 12/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 550% | |||
Interest Rate | [5] | 10.85% | |||
Investment Owned, at Cost | $ 3,374 | ||||
Fair Value | $ 3,401 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Neuronetics, Inc. | Health Care Equipment & Supplies | S+565 | 3.95% | 10.98% | 3/2/2020 | 3/29/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 565% | |||
Interest Rate | [36],[49] | 10.98% | |||
Investment Owned, at Cost | [49] | $ 31,092 | |||
Fair Value | [49] | $ 34,739 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Neuronetics, Inc. | Health Care Equipment & Supplies | S+565 | 3.95% | 11.00% | 3/2/2020 | 3/29/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[38] | 565% | |||
Interest Rate | [5],[38] | 11% | |||
Investment Owned, at Cost | [38] | $ 30,921 | |||
Fair Value | [38] | $ 30,878 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | OmniGuide Holdings, Inc. | Health Care Equipment & Supplies | S+580 | 5.31% | 11.23% | 7/30/2018 | 11/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[60] | 580% | |||
Interest Rate | [36],[60] | 11.23% | |||
Investment Owned, at Cost | [60] | $ 25,437 | |||
Fair Value | [60] | $ 24,622 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | OmniGuide Holdings, Inc. | Health Care Equipment & Supplies | S+580 | 5.31% | 11.25% | 7/30/2018 | 11/1/2025 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[61] | 580% | |||
Interest Rate | [5],[61] | 11.25% | |||
Investment Owned, at Cost | [61] | $ 24,874 | |||
Fair Value | [61] | $ 24,623 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Outset Medical, Inc. | Health Care Equipment & Supplies | S+515 | 2.75% | 10.48% | 11/3/2022 | 11/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48],[49] | 515% | |||
Interest Rate | [36],[49] | 10.48% | |||
Investment Owned, at Cost | [49] | $ 45,093 | |||
Fair Value | [49] | $ 44,839 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Outset Medical, Inc. | Health Care Equipment & Supplies | S+515 | 2.75% | 10.50% | 11/3/2022 | 11/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[4],[35] | 515% | |||
Interest Rate | [4],[5],[35] | 10.50% | |||
Investment Owned, at Cost | [4],[35] | $ 44,837 | |||
Fair Value | [4],[35] | $ 44,839 | |||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | SPR Therapeutics, Inc. | Health Care Technology | S+515 | 4.00% | 10.48% | 1/30/2024 | 2/1/2029 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 515% | |||
Interest Rate | [36] | 10.48% | |||
Investment Owned, at Cost | $ 4,849 | ||||
Fair Value | $ 4,993 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+830 | 13.73% | 3/26/2024 | 12/31/2024 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 830% | |||
Interest Rate | [36] | 13.73% | |||
Investment Owned, at Cost | $ 2,042 | ||||
Fair Value | $ 2,026 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+930 | 1.00% | 14.75% | 2/18/2022 | 2/1/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 930% | |||
Interest Rate | [5],[62] | 14.75% | |||
Investment Owned, at Cost | $ 38,094 | ||||
Fair Value | 38,235 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vapotherm, Inc. | Health Care Equipment & Supplies | S+930 | 4.50% | 14.73% | 2/18/2022 | 7/15/2027 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 930% | |||
Interest Rate | [36],[63] | 14.73% | |||
Investment Owned, at Cost | $ 40,118 | ||||
Fair Value | $ 40,018 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | First Lien Life Science Senior Secured Loans | Vertos Medical, Inc. | Health Care Equipment & Supplies | S+515 | 4.75% | 10.48% | 6/14/2023 | 7/1/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 515% | |||
Interest Rate | [36] | 10.48% | |||
Investment Owned, at Cost | $ 6,639 | ||||
Fair Value | 6,684 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 37,555 | 37,497 | |||
Fair Value | $ 38,131 | $ 37,532 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | AMF Levered II, LLC | Diversified Financial Services | S+705 | 1.00% | 12.49% | 12/24/2021 | 8/21/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 705% | |||
Interest Rate | [36] | 12.49% | |||
Investment Owned, at Cost | $ 29,515 | ||||
Fair Value | $ 29,925 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | AMF Levered II, LLC | Diversified Financial Services | S+705 | 1.00% | 12.52% | 12/24/2021 | 8/21/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 705% | |||
Interest Rate | [5] | 12.52% | |||
Investment Owned, at Cost | $ 29,474 | ||||
Fair Value | $ 29,326 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | FGI Worldwide LLC | Diversified Financial Services | S+650 | 1.00% | 11.85% | 4/17/2023 | 4/17/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [48] | 650% | |||
Interest Rate | [36] | 11.85% | |||
Investment Owned, at Cost | $ 8,040 | ||||
Fair Value | $ 8,206 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Asset-Based Senior Secured Loans | FGI Worldwide LLC | Diversified Financial Services | S+650 | 1.00% | 11.86% | 4/17/2023 | 4/17/2028 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3] | 650% | |||
Interest Rate | [5] | 11.86% | |||
Investment Owned, at Cost | $ 8,023 | ||||
Fair Value | $ 8,206 | ||||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Bank Debt/Senior Secured Loans | RD Holdco, Inc. | Diversified Consumer Services | S+975 | 1.00% | 12/23/2013 | 10/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [21],[48],[51],[64] | 975% | |||
Interest Rate | [21],[36] | 0% | |||
Investment Owned, at Cost | [21],[64] | $ 12,297 | |||
Fair Value | [21],[64] | 7,827 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Second Lien Bank Debt/Senior Secured Loans | RD Holdco, Inc. | Diversified Consumer Services | S+975 | 1.00% | —% | 12/23/2013 | 10/12/2026 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [3],[18],[46] | 975% | |||
Interest Rate | [5],[18] | 0% | |||
Investment Owned, at Cost | [18] | $ 12,297 | |||
Fair Value | [18] | 7,827 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total First Lien Bank Debt/Senior Secured Loans | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 892,195 | 862,886 | |||
Fair Value | 900,038 | 872,944 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total First Lien Life Science Senior Secured Loans | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 336,458 | 355,961 | |||
Fair Value | 345,471 | 359,236 | |||
Investment, Identifier [Axis]: Senior Secured Loans | Total Senior Secured Loans | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment Owned, at Cost | 1,278,505 | 1,268,641 | |||
Fair Value | $ 1,291,467 | $ 1,277,539 | |||
Investment, Identifier [Axis]: SunMed Group Holdings, LLC | Health Care Equipment & Supplies | S+550 | 0.75% | 10.93% | 6/16/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 550% | |||
Floor | [8] | 0.75% | |||
Interest Rate | [7],[8] | 10.93% | |||
Maturity Date | [8] | Jun. 16, 2028 | |||
Par Amount | [8] | $ 8,902 | |||
Investment Owned, at Cost | [8] | 8,902 | |||
Fair Value | [1],[8] | $ 8,902 | |||
Investment, Identifier [Axis]: SunMed Group Holdings, LLC | Health Care Equipment and Supplies | S+550 | 0.75% | 10.96% | 6/16/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 550% | |||
Floor | [10] | 0.75% | |||
Interest Rate | [10],[11] | 10.96% | |||
Maturity Date | [10] | Jun. 16, 2028 | |||
Par Amount | [10] | $ 8,948 | |||
Investment Owned, at Cost | [10] | 8,948 | |||
Fair Value | [2],[10] | $ 8,948 | |||
Investment, Identifier [Axis]: The Townsend Company, LLC | Commercial Services & Supplies | S+625 | 1.00% | 11.59% | 8/15/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.59% | |||
Maturity Date | [8] | Aug. 15, 2029 | |||
Par Amount | [8] | $ 3,557 | |||
Investment Owned, at Cost | [8] | 3,477 | |||
Fair Value | [1],[8] | $ 3,557 | |||
Investment, Identifier [Axis]: The Townsend Company, LLC | Commercial Services and Supplies | S+625 | 1.00% | 11.61% | 8/15/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 625% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.61% | |||
Maturity Date | [10] | Aug. 15, 2029 | |||
Par Amount | [10] | $ 3,642 | |||
Investment Owned, at Cost | [10] | 3,555 | |||
Fair Value | [2],[10] | $ 3,642 | |||
Investment, Identifier [Axis]: Tilley Distribution, Inc | Trading Companies & Distributors | S+600 | 1.00% | 11.49% | 12/31/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 600% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.49% | |||
Maturity Date | [8] | Dec. 31, 2026 | |||
Par Amount | [8] | $ 5,637 | |||
Investment Owned, at Cost | [8] | 5,637 | |||
Fair Value | [1],[8] | $ 5,524 | |||
Investment, Identifier [Axis]: Tilley Distribution, Inc | Trading Companies and Distributors | S+600 | 1.00% | 11.50% | 12/31/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 600% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.50% | |||
Maturity Date | [10] | Dec. 31, 2026 | |||
Par Amount | [10] | $ 5,850 | |||
Investment Owned, at Cost | [10] | 5,850 | |||
Fair Value | [2],[10] | $ 5,850 | |||
Investment, Identifier [Axis]: UVP Management, LLC | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 9/15/25 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.73% | |||
Maturity Date | [8] | Sep. 15, 2025 | |||
Par Amount | [8] | $ 4,883 | |||
Investment Owned, at Cost | [8] | 4,791 | |||
Fair Value | [1],[8] | $ 4,736 | |||
Investment, Identifier [Axis]: Ultimate Baked Goods Midco LLC | Packaged Foods & Meats | S+625 | 1.00% | 11.69% | 8/13/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.69% | |||
Maturity Date | [8] | Aug. 13, 2027 | |||
Par Amount | [8] | $ 8,909 | |||
Investment Owned, at Cost | [8] | 8,909 | |||
Fair Value | [1],[8] | $ 8,864 | |||
Investment, Identifier [Axis]: Ultimate Baked Goods Midco LLC | Packaged Foods and Meats | S+625 | 1.00% | 11.71% | 8/13/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 625% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.71% | |||
Maturity Date | [10] | Aug. 13, 2027 | |||
Par Amount | [10] | $ 8,954 | |||
Investment Owned, at Cost | [10] | 8,954 | |||
Fair Value | [2],[10] | $ 8,865 | |||
Investment, Identifier [Axis]: United Digestive MSO Parent, LLC | Health Care Providers & Services | S+650 | 1.00% | 11.80% | 3/30/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 650% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.80% | |||
Maturity Date | [8] | Mar. 30, 2029 | |||
Par Amount | [8] | $ 3,574 | |||
Investment Owned, at Cost | [8] | 3,476 | |||
Fair Value | [1],[8] | $ 3,574 | |||
Investment, Identifier [Axis]: United Digestive MSO Parent, LLC | Health Care Providers and Services | S+675 | 1.00% | 12.25% | 3/30/29 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 675% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 12.25% | |||
Maturity Date | [10] | Mar. 30, 2029 | |||
Par Amount | [10] | $ 3,411 | |||
Investment Owned, at Cost | [10] | 3,311 | |||
Fair Value | [2],[10] | $ 3,411 | |||
Investment, Identifier [Axis]: Urology Management Holdings, Inc | Health Care Providers and Services | S+650 | 1.00% | 11.93% | 6/15/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 650% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.93% | |||
Maturity Date | [10] | Jun. 15, 2026 | |||
Par Amount | [10] | $ 3,179 | |||
Investment Owned, at Cost | [10] | 3,102 | |||
Fair Value | [2],[10] | $ 3,155 | |||
Investment, Identifier [Axis]: Urology Management Holdings, Inc. | Health Care Providers & Services | S+625 | 1.00% | 11.73% | 6/15/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.73% | |||
Maturity Date | [8] | Jun. 15, 2026 | |||
Par Amount | [8] | $ 3,684 | |||
Investment Owned, at Cost | [8] | 3,607 | |||
Fair Value | [1],[8] | $ 3,684 | |||
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC | Water Utilities | S+450 | 1.00% | 9.75% | 11/2/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 450% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 9.75% | |||
Maturity Date | [8] | Nov. 02, 2026 | |||
Par Amount | [8] | $ 4,282 | |||
Investment Owned, at Cost | [8] | 4,282 | |||
Fair Value | [1],[8] | $ 4,282 | |||
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC | Water Utilities | S+450 | 1.00% | 9.96% | 11/2/26 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 450% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 9.96% | |||
Maturity Date | [10] | Nov. 02, 2026 | |||
Par Amount | [10] | $ 4,304 | |||
Investment Owned, at Cost | [10] | 4,304 | |||
Fair Value | [2],[10] | $ 4,304 | |||
Investment, Identifier [Axis]: WCI-BXC Purchaser, LLC | Distributors | S+625 | 1.00% | 11.59% | 11/6/30 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6] | 625% | |||
Floor | 1% | ||||
Interest Rate | [7] | 11.59% | |||
Maturity Date | Nov. 06, 2030 | ||||
Par Amount | $ 2,890 | ||||
Investment Owned, at Cost | 2,820 | ||||
Fair Value | [1] | $ 2,890 | |||
Investment, Identifier [Axis]: West-NR Parent, Inc | Insurance | S+625 | 1.00% | 11.68% | 12/27/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 625% | |||
Floor | [8] | 1% | |||
Interest Rate | [7],[8] | 11.68% | |||
Maturity Date | [8] | Dec. 27, 2027 | |||
Par Amount | [8] | $ 6,788 | |||
Investment Owned, at Cost | [8] | 6,670 | |||
Fair Value | [1],[8] | $ 6,788 | |||
Investment, Identifier [Axis]: West-NR Parent, Inc | Insurance | S+625 | 1.00% | 11.70% | 12/27/27 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 625% | |||
Floor | [10] | 1% | |||
Interest Rate | [10],[11] | 11.70% | |||
Maturity Date | [10] | Dec. 27, 2027 | |||
Par Amount | [10] | $ 6,822 | |||
Investment Owned, at Cost | [10] | 6,691 | |||
Fair Value | [2],[10] | $ 6,822 | |||
Investment, Identifier [Axis]: iCIMS, Inc | Software | S+725 | 0.75% | 12.58% | 8/18/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [6],[8] | 725% | |||
Floor | [8] | 0.75% | |||
Interest Rate | [7],[8] | 12.58% | |||
Maturity Date | [8] | Aug. 18, 2028 | |||
Par Amount | [8] | $ 3,150 | |||
Investment Owned, at Cost | [8] | 3,109 | |||
Fair Value | [1],[8] | $ 3,150 | |||
Investment, Identifier [Axis]: iCIMS, Inc | Software | S+725 | 0.75% | 12.62% | 8/18/28 | |||||
Summary of Investment Holdings [Line Items] | |||||
Investment, Basis Spread, Variable Rate | [9],[10] | 725% | |||
Floor | [10] | 0.75% | |||
Interest Rate | [10],[11] | 12.62% | |||
Maturity Date | [10] | Aug. 18, 2028 | |||
Par Amount | [10] | $ 3,089 | |||
Investment Owned, at Cost | [10] | 3,066 | |||
Fair Value | [2],[10] | $ 3,089 | |||
[1] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor. Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the 1940 Act. If we fail to invest a sufficient portion of our assets in qualifying assets, we could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of December 31, 2023, on a fair value basis, non-qualifying assets in our portfolio represented 26.6 % of the total assets of the Company. Floating rate debt investments typically bear interest at a rate determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current rate of interest, or in the case of leases the current implied yield, in effect as of December 31, 2023. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of June 30, 2024. The Company also holds this security on its Consolidated Statements of Assets and Liabilities. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR. These instruments are typically subject to a SOFR floor. The Company also holds this security on its Consolidated Statements of Assets and Liabilities. Floating rate debt investments typically bear interest at a rate determined by reference to the SOFR (“S”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current interest rate in effect as of December 31, 2023. Denotes a Level 1 investment. Non-income producing security. Non-income producing security. Denotes a Level 1 investment. Denotes investments in which we are an “Affiliated Person” but do not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the year ended December 31, 2023 (beginning with the date at which the Company became an Affiliated Person) in these affiliated investments are as follows: Denotes investments in which we are an “Affiliated Person” but do not exercise a controlling influence, as defined in the 1940 Act, due to beneficially owning, either directly or through one or more controlled companies, more than 5% but less than 25% of the outstanding voting securities of the investment. Transactions during the six months ended June 30, 2024 in these affiliated investments are as follows: Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Transactions during the year ended December 31, 2023 in these controlled investments are as follows: Kingsbridge Holdings, LLC is held through KBH Topco LLC, a Delaware corporation. See note 13 to the consolidated financial statements. Denotes investments in which we are deemed to exercise a controlling influence over the management or policies of a company, as defined in the Investment Company Act of 1940, as amended (the “1940 Act”), due to beneficially owning, either directly or through one or more controlled companies, more than 25 % of the outstanding voting securities of the investment. Transactions during the six months ended June 30, 2024 in these controlled investments are as follows Kingsbridge Holdings, LLC is held through KBH Topco LLC, a Delaware corporation. See note 13 to the consolidated financial statements. Indicates assets that the Company believes may not represent “qualifying assets” under Section 55(a) of the 1940 Act. If we fail to invest a sufficient portion of our assets in qualifying assets, we could be prevented from making follow-on investments in existing portfolio companies or could be required to dispose of investments at inappropriate times in order to comply with the 1940 Act. As of June 30, 2024, on a fair value basis, non-qualifying assets in our portfolio represented 26.7 % of the total assets of the Company. See note 15 to the consolidated financial statements. See note 15 to the consolidated financial statements. See note 11 to the consolidated financial statements. See note 11 to the consolidated financial statements. See note 14 to the consolidated financial statements. See note 14 to the consolidated financial statements. See note 17 to the consolidated financial statements. See note 17 to the consolidated financial statements. Through this entity and other intermediate entities, the Company owns approximately 7.3 % of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former Amerimark Interactive, LLC. Through this entity and other intermediate entities, the Company owns approximately 7.3 % of the underlying common units of ASC Holdco, LLC, a joint venture which owns certain assets of the former Amerimark Interactive, LLC. Aggregate net unrealized appreciation for U.S. federal income tax purposes is $ 2,567 ; aggregate gross unrealized appreciation and depreciation for U.S. federal tax purposes is $ 97,678 and $ 95,111 , respectively, based on a tax cost of $ 2,152,199 . Unless otherwise noted, all of the Company’s investments are pledged as collateral against the borrowings outstanding on the Credit Facility (as defined below) (see note 7 to the consolidated financial statements). The Company generally acquires its investments in private transactions exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). These investments are generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act. All investments are Level 3 unless otherwise indicated. Floating rate debt investments typically bear interest at a rate determined by reference to the Secured Overnight Financing Rate (“SOFR” or “S”) or the prime index rate (“PRIME” or “P”), and which typically reset monthly, quarterly or semi-annually. For each debt investment, we have provided the current rate of interest, or in the case of leases the current implied yield, in effect as of June 30, 2024. Indicates an investment that is wholly held by the Company through NEFPASS LLC. Indicates an investment that is wholly held by the Company through NEFPASS LLC. Denotes a subsidiary of SLR Equipment Finance. Denotes a subsidiary of SLR Equipment Finance. SLR Equipment Finance is held through NEFCORP LLC, a wholly-owned consolidated taxable subsidiary and NEFPASS LLC, a wholly-owned consolidated subsidiary. See note 12 to the consolidated financial statements. SLR Equipment Finance is held through NEFCORP LLC, a wholly-owned consolidated taxable subsidiary and NEFPASS LLC, a wholly-owned consolidated subsidiary. See note 12 to the consolidated financial statements. The Company’s investment in SOINT, LLC includes a one dollar investment in common shares. Interest is paid in kind (“PIK”). The Company’s investment in SOINT, LLC includes a one dollar investment in common shares. Floating rate instruments accrue interest at a predetermined spread relative to an index, typically the SOFR or PRIME rate. These instruments are often subject to a SOFR or PRIME rate floor. Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SUNS SPV LLC. Such investments are pledged as collateral under the Senior Secured Revolving SPV Credit Facility (the “SPV Credit Facility”) (see note 7 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company. Indicates an investment that is wholly or partially held by the Company through its wholly-owned financing subsidiary SUNS SPV LLC. Such investments are pledged as collateral under the Senior Secured Revolving SPV Credit Facility (the “SPV Credit Facility”) (see note 7 to the consolidated financial statements) and are not generally available to creditors, if any, of the Company. Interest is paid in kind (“PIK”). Kaseya, Inc. may elect to defer up to 2.50 % of the coupon as PIK. Certain tranches have a spread of S+ 800 PIK and certain tranches have a spread of S+ 850 PIK. Certain tranches have a spread of S+ 650 and certain tranches have a spread of S+ 700 ( 5.00 % PIK/ 2.00 % Cash) Spread is S+ 600 Cash / 1.00 % PIK. iCIMS, Inc. may elect to defer up to 3.875 % of the coupon as PIK. iCIMS, Inc. may elect to defer up to 3.875 % of the coupon as PIK. Certain tranches have a spread of S+ 795 and certain tranches have a spread of S+ 425 . BridgeBio Pharma, Inc. may elect to defer up to 3.00 % of the coupon as PIK. OmniGuide Holdings, Inc., Domain Surgical, Inc. and OmniGuide, Inc. are co-borrowers. OmniGuide Holdings, Inc., Domain Surgical, Inc. and OmniGuide, Inc. are co-borrowers. Vapotherm, Inc. may elect to defer up to 9.00 % of the coupon as PIK. Vapotherm, Inc. may elect to defer up to 7.00 % of the coupon as PIK. On June 17, 2024, Vapotherm, Inc. (OTCQX:VAPO) entered into a definitive merger agreement with a newly-formed entity organized and funded by a health care investment firm, which is expected to close in the second half of 2024 and is subject to customary closing conditions, including receipt of stockholder approval. The Company agreed to convert a portion of its term debt into preferred equity of the newly-formed entity and retain a portion of term debt, concurrently with the closing of this merger. Investment is on non-accrual status. |
SLR Senior Lending Program LL_3
SLR Senior Lending Program LLC - Summary financial information for SSLP (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||||
Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |||
Condensed Financial Statements, Captions [Line Items] | |||||||
Investments at fair value (cost $219,217 and $186,059, respectively) | [1] | $ 220,803 | $ 220,803 | ||||
Total assets | 2,448,278 | 2,448,278 | $ 2,523,868 | ||||
Debt outstanding ($135,800 and $106,900 face amounts, respectively, reported net of unamortized debt issuance costs of $1,851 and $1,697, respectively) | 1,154,353 | 1,154,353 | 1,177,777 | ||||
Total liabilities | 1,455,275 | 1,455,275 | 1,537,229 | ||||
Interest and other credit facility expenses | 18,179 | $ 17,842 | 36,367 | $ 33,128 | |||
Other general and administrative expenses | 1,206 | 948 | 2,101 | 2,449 | |||
Total expenses | 34,704 | 33,786 | 68,997 | 65,296 | |||
Net investment income | 24,318 | 22,676 | 48,170 | 44,823 | |||
Realized gain on investments | 105 | 498 | 240 | 1,185 | |||
Net change in unrealized gain (loss) on investments | (1,195) | (4,179) | 2,689 | (20,189) | |||
Net realized and unrealized gain (loss) on investments and cash equivalents | (1,090) | (3,681) | 2,929 | (19,004) | |||
Net increase in net assets resulting from operations | 23,228 | 18,995 | 51,099 | 25,819 | |||
SLR Senior Lending Program LLC [Member] | |||||||
Condensed Financial Statements, Captions [Line Items] | |||||||
Investments at fair value (cost $219,217 and $186,059, respectively) | 220,803 | 220,803 | 187,255 | [2] | |||
Cash and other assets | 16,163 | 16,163 | 8,613 | ||||
Total assets | 236,966 | 236,966 | 195,868 | ||||
Debt outstanding ($135,800 and $106,900 face amounts, respectively, reported net of unamortized debt issuance costs of $1,851 and $1,697, respectively) | 133,949 | 133,949 | 105,203 | ||||
Distributions payable | 3,365 | 3,365 | 1,900 | ||||
Interest payable and other credit facility related expenses | 597 | 597 | 551 | ||||
Accrued expenses and other payables | 510 | 510 | 416 | ||||
Total liabilities | 138,421 | 138,421 | 108,070 | ||||
Members' equity | 98,545 | 98,545 | 87,798 | ||||
Total liabilities and members' equity | 236,966 | 236,966 | $ 195,868 | ||||
Investment Income, Interest | 6,616 | 1,605 | 12,585 | 2,614 | |||
Service fees | [3] | 135 | 38 | 260 | 57 | ||
Interest and other credit facility expenses | 2,920 | 1,447 | 5,638 | 2,252 | |||
Other general and administrative expenses | 46 | 19 | 90 | 57 | |||
Total expenses | 3,101 | 1,504 | 5,988 | 2,366 | |||
Net investment income | 3,515 | 101 | 6,597 | 248 | |||
Realized gain on investments | 0 | 0 | 0 | 30 | |||
Net change in unrealized gain (loss) on investments | (118) | 321 | 391 | 361 | |||
Net realized and unrealized gain (loss) on investments and cash equivalents | (118) | 321 | 391 | 391 | |||
Net increase in net assets resulting from operations | $ 3,397 | $ 422 | $ 6,988 | $ 639 | |||
[1] Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. Represents the fair value in accordance with ASC Topic 820. The determination of such fair value is not included in the Board’s valuation process described elsewhere herein. * Service fees are included within the Company’s Consolidated Statements of Operations as other income. |
SLR Senior Lending Program LL_4
SLR Senior Lending Program LLC - Summary financial information for SSLP (Parenthetical) (Details) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
Condensed Financial Statements, Captions [Line Items] | ||
Debt instrument, face amount | $ 1,158,850 | $ 1,183,250 |
Debt issuance costs | 4,497 | 5,473 |
SLR Senior Lending Program LLC [Member] | ||
Condensed Financial Statements, Captions [Line Items] | ||
Cost | 219,217 | 186,059 |
Debt instrument, face amount | 135,800 | 106,900 |
Debt issuance costs | $ 1,851 | $ 1,697 |
SLR Senior Lending Program LL_5
SLR Senior Lending Program LLC - Additional Information (Details) - USD ($) $ in Thousands | 3 Months Ended | ||||||||
Dec. 12, 2022 | Dec. 18, 2019 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | Oct. 20, 2023 | Oct. 12, 2022 | |||
Summary of Investment Holdings [Line Items] | |||||||||
Other Commitment | $ 183,843 | $ 248,692 | |||||||
Debt Instrument, Maturity Date | Dec. 15, 2024 | ||||||||
Assets | 2,448,278 | 2,523,868 | |||||||
Prepaid expenses and other assets | 943 | 608 | |||||||
Unfunded Debt and Equity Commitments [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Other Commitment | 183,843 | 248,692 | |||||||
SLR Senior Lending Program LLC [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Other Ownership Interests, Contributed Capital | 95,750 | 85,750 | |||||||
Assets | 236,966 | 195,868 | |||||||
Payments to Acquire Investments | 11,444 | $ 32,557 | |||||||
Prepaid Expense | 7,702 | $ 182 | |||||||
SLR Senior Lending Program LLC [Member] | Unfunded Debt and Equity Commitments [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Other Commitment | 2,125 | [1] | 7,125 | [1] | $ 100,000 | ||||
SLR Senior Lending Program LLC [Member] | Senior Secured Revolving Credit Facility [Member] | SLR Senior Lending Program SPV LLC [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Long-term line of credit | $ 100,000 | 135,800 | $ 150,000 | ||||||
Debt Instrument, Maturity Date | Dec. 12, 2028 | ||||||||
SLR Senior Lending Program LLC [Member] | Senior Secured Revolving Credit Facility [Member] | SLR Senior Lending Program SPV LLC [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Line of Credit Facility, Interest Rate During Period | 2.90% | ||||||||
SLR Senior Lending Program LLC [Member] | Investor [Member] | Unfunded Debt and Equity Commitments [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Other Commitment | $ 4,250 | $ 50,000 | |||||||
SLR Senior Lending Program LLC [Member] | Management [Member] | Unfunded Debt and Equity Commitments [Member] | |||||||||
Summary of Investment Holdings [Line Items] | |||||||||
Other Commitment | $ 14,250 | ||||||||
[1] The Company controls the funding of these commitments and may cancel them at its discretion. |
Subsequent Events - Additional
Subsequent Events - Additional Information (Details) | Aug. 07, 2024 $ / shares |
Subsequent Event [Member] | Board [Member] | |
Subsequent Event [Line Items] | |
Dividends payable, amount per share | $ 0.41 |