Cover
Cover - shares | 9 Months Ended | |
Dec. 31, 2023 | Jan. 26, 2024 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Dec. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 814-00061 | |
Entity Registrant Name | CAPITAL SOUTHWEST CORPORATION | |
Entity Incorporation, State or Country Code | TX | |
Entity Tax Identification Number | 75-1072796 | |
Entity Address, Address Line One | 8333 Douglas Avenue | |
Entity Address, Address Line Two | Suite 1100 | |
Entity Address, City or Town | Dallas | |
Entity Address, State or Province | TX | |
Entity Address, Postal Zip Code | 75225 | |
City Area Code | 214 | |
Local Phone Number | 238-5700 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | false | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding | 42,981,139 | |
Entity Central Index Key | 0000017313 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2024 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --03-31 | |
Common Stock | ||
Document Information [Line Items] | ||
Title of 12(b) Security | Common Stock, $0.25 par value per share | |
Trading Symbol | CSWC | |
Security Exchange Name | NASDAQ | |
August 2028 Notes | ||
Document Information [Line Items] | ||
Title of 12(b) Security | 7.75% Notes due 2028 | |
Trading Symbol | CSWCZ | |
Security Exchange Name | NASDAQ |
CONSOLIDATED STATEMENTS OF ASSE
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 | ||
Assets | ||||
Investments at fair value | $ 1,365,037 | [1],[2],[3],[4],[5],[6],[7] | $ 1,206,388 | [8],[9],[10] |
Cash and cash equivalents | 23,605 | 21,585 | ||
Receivables: | ||||
Dividends and interest | 23,609 | 18,430 | ||
Escrow | 16 | 363 | ||
Other | 1,264 | 647 | ||
Income tax receivable | 349 | 368 | ||
Debt issuance costs (net of accumulated amortization of $7,213 and $5,642, respectively) | 9,655 | 3,717 | ||
Other assets | 5,952 | 6,186 | ||
Total assets | 1,429,487 | 1,257,684 | ||
Liabilities | ||||
Credit facility | 195,000 | 235,000 | ||
Other liabilities | 18,376 | 16,761 | ||
Accrued restoration plan liability | 584 | 598 | ||
Income tax payable | 802 | 156 | ||
Deferred tax liability | 10,925 | 12,117 | ||
Total liabilities | 708,522 | 667,276 | ||
Commitments and contingencies (Note 10) | ||||
Net Assets | ||||
Common stock, $0.25 par value: authorized, 75,000,000 shares at December 31, 2023 and 40,000,000 shares at March 31, 2023; issued, 42,981,139 shares at December 31, 2023 and 38,415,937 shares at March 31, 2023 | 10,745 | 9,604 | ||
Additional paid-in capital | 751,411 | 646,586 | ||
Total distributable (loss) earnings | (41,191) | (41,845) | ||
Treasury stock - at cost, no shares at December 31, 2023 and 2,339,512 shares at March 31, 2023 | 0 | (23,937) | ||
Total net assets | 720,965 | 590,408 | ||
Total liabilities and net assets | $ 1,429,487 | $ 1,257,684 | ||
Net asset value per share (in usd per share) | $ 16.77 | $ 16.37 | ||
SBA Debentures | ||||
Liabilities | ||||
SBA Debentures (net of $3,919 and $3,670, respectively, of unamortized debt issuance costs) | $ 126,081 | $ 116,330 | ||
January 2026 Notes | ||||
Liabilities | ||||
Notes | 139,304 | 139,051 | ||
October 2026 Notes | ||||
Liabilities | ||||
Notes | 147,884 | 147,263 | ||
August 2028 Notes | ||||
Liabilities | ||||
Notes | 69,566 | 0 | ||
Non-control/Non-affiliate investments | ||||
Assets | ||||
Investments at fair value | 1,124,887 | 966,627 | [10],[11] | |
Affiliate investments | ||||
Assets | ||||
Investments at fair value | 185,950 | 188,505 | [10] | |
Control investments | ||||
Assets | ||||
Investments at fair value | $ 54,200 | $ 51,256 | [10],[12] | |
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. Non-Control/Non-Affiliate investments are generally defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments that are neither control investments nor affiliate investments. At March 31, 2023, approximately 80.1% of the Company’s investment assets were non-control/non-affiliate investments. The fair value of these investments as a percent of net assets is 163.7%. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At March 31, 2023, approximately 4.2% of the Company’s investment assets were control investments. The fair value of these investments as a percent of net assets is 8.7%. |
CONSOLIDATED STATEMENTS OF AS_2
CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 | ||
Cost | $ 1,369,906 | [1],[2],[3],[4],[5],[6],[7],[8] | $ 1,220,152 | [9],[10],[11],[12] |
Accumulated amortization | 7,213 | 5,642 | ||
Unamortized debt issuance costs | $ 9,040 | $ 7,356 | ||
Common stock, par value (in usd per share) | $ 0.25 | $ 0.25 | ||
Common stock, shares authorized (in shares) | 75,000,000 | 40,000,000 | ||
Common stock, shares issued (in shares) | 42,981,139 | 38,415,937 | ||
Treasury stock, cost (in share) | 0 | 2,339,512 | ||
Common stock, shares outstanding (in shares) | 42,981,139 | 36,076,425 | ||
SBA Debentures | ||||
Unamortized debt issuance costs | $ 3,919 | $ 3,670 | ||
January 2026 Notes | ||||
Unamortized debt issuance costs | 696 | 949 | ||
October 2026 Notes | ||||
Unamortized debt issuance costs | 2,116 | 2,737 | ||
August 2028 Notes | ||||
Unamortized debt issuance costs | 2,309 | 0 | ||
Non-control/Non-affiliate investments | ||||
Cost | 1,101,342 | 947,829 | [9],[11],[13] | |
Affiliate investments | ||||
Cost | 187,764 | 191,523 | [9],[11] | |
Control investments | ||||
Cost | $ 80,800 | $ 80,800 | [9],[11],[14] | |
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. As of December 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $86.8 million; cumulative gross unrealized depreciation for federal income tax purposes was $72.0 million. Cumulative net unrealized appreciation was $14.8 million, based on a tax cost of $1,350.2 million. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. As of March 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $72.3 million; cumulative gross unrealized depreciation for federal income tax purposes was $76.8 million. Cumulative net unrealized depreciation was $4.5 million, based on a tax cost of $1,210.8 million. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Non-Control/Non-Affiliate investments are generally defined by the Investment Company Act of 1940, as amended (the “1940 Act”), as investments that are neither control investments nor affiliate investments. At March 31, 2023, approximately 80.1% of the Company’s investment assets were non-control/non-affiliate investments. The fair value of these investments as a percent of net assets is 163.7%. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At March 31, 2023, approximately 4.2% of the Company’s investment assets were control investments. The fair value of these investments as a percent of net assets is 8.7%. |
CONSOLIDATED STATEMENTS OF OPER
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Fee income: | ||||
Other income | $ 193 | $ 42 | $ 332 | $ 62 |
Total investment income | 48,566 | 32,766 | 131,704 | 82,108 |
Compensation | 3,919 | 3,381 | 8,762 | 7,177 |
Share-based compensation | 1,188 | 992 | 3,387 | 2,873 |
Interest | 11,473 | 7,937 | 31,635 | 20,050 |
Professional fees | 919 | 666 | 2,863 | 2,325 |
General and administrative | 1,301 | 1,111 | 3,877 | 3,396 |
Total operating expenses | 18,800 | 14,087 | 50,524 | 35,821 |
Income before taxes | 29,766 | 18,679 | 81,180 | 46,287 |
Federal income, excise and other taxes | 392 | 217 | 841 | 468 |
Deferred taxes | 515 | (963) | (270) | (488) |
Total income tax provision (benefit) | 907 | (746) | 571 | (20) |
Net investment income | 28,859 | 19,425 | 80,609 | 46,307 |
Realized (loss) gain | ||||
Income tax benefit (provision) | 7 | (95) | (286) | (260) |
Total net realized (loss) gain on investments, net of tax | (7,842) | (11,086) | (20,234) | (17,401) |
Net unrealized appreciation (depreciation) on investments | ||||
Income tax (provision) benefit | (51) | (3,437) | 1,012 | (6,012) |
Total net unrealized appreciation (depreciation) on investments, net of tax | 2,467 | (5,390) | 9,906 | (13,989) |
Net realized and unrealized (losses) gains on investments | (5,375) | (16,476) | (10,328) | (31,390) |
Realized loss on extinguishment of debt | 0 | 0 | (361) | 0 |
Net increase in net assets from operations | $ 23,484 | $ 2,949 | $ 69,920 | $ 14,917 |
Pre-tax net investment income per share - basic (in usd per share) | $ 0.72 | $ 0.60 | $ 2.05 | $ 1.64 |
Pre-tax net investment income per share - diluted (in usd per share) | 0.72 | 0.60 | 2.05 | 1.64 |
Net investment income per share – basic (in usd per share) | 0.70 | 0.62 | 2.04 | 1.64 |
Net investment income per share – diluted (in usd per share) | 0.70 | 0.62 | 2.04 | 1.64 |
Net increase in net assets from operations – basic (in usd per share) | 0.57 | 0.09 | 1.77 | 0.53 |
Net increase in net assets from operations – diluted (in usd per share) | $ 0.57 | $ 0.09 | $ 1.77 | $ 0.53 |
Weighted average shares outstanding – basic (in share) | 41,513,773 | 31,381,360 | 39,610,643 | 28,304,309 |
Weighted average shares outstanding – diluted (in share) | 41,513,773 | 31,381,360 | 39,610,643 | 28,304,309 |
Non-control/Non-affiliate investments | ||||
Interest income: | ||||
Interest income | $ 33,627 | $ 24,411 | $ 97,924 | $ 59,791 |
Payment-in-kind interest income: | ||||
Payment-in-kind interest income | 3,452 | 830 | 5,329 | 1,796 |
Dividend income: | ||||
Dividend income | 2,447 | 478 | 3,233 | 1,555 |
Fee income: | ||||
Fee income | 1,655 | 1,067 | 2,949 | 2,924 |
Realized (loss) gain | ||||
Realized (loss) gain | (7,849) | (6,267) | (13,445) | (6,114) |
Net unrealized appreciation (depreciation) on investments | ||||
Unrealized gain (loss) | 8,569 | (2,244) | 4,648 | (4,186) |
Affiliate investments | ||||
Interest income: | ||||
Interest income | 4,214 | 3,228 | 12,691 | 8,227 |
Payment-in-kind interest income: | ||||
Payment-in-kind interest income | 621 | 671 | 1,926 | 1,776 |
Dividend income: | ||||
Dividend income | 96 | 0 | 187 | 101 |
Fee income: | ||||
Fee income | 115 | 110 | 632 | 362 |
Realized (loss) gain | ||||
Realized (loss) gain | 0 | (4,724) | (6,503) | (11,027) |
Net unrealized appreciation (depreciation) on investments | ||||
Unrealized gain (loss) | (6,829) | 3,563 | 1,302 | 6,187 |
Control investments | ||||
Dividend income: | ||||
Dividend income | 2,129 | 1,904 | 6,439 | 5,439 |
Fee income: | ||||
Fee income | 17 | 25 | 62 | 75 |
Net unrealized appreciation (depreciation) on investments | ||||
Unrealized gain (loss) | $ 778 | $ (3,272) | $ 2,944 | $ (9,978) |
CONSOLIDATED STATEMENTS OF CHAN
CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||||||
Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Sep. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Investment Company, Net Assets [Roll Forward] | ||||||||
Beginning balance (in shares) | 36,076,425 | 36,076,425 | ||||||
Beginning balance | $ 657,774 | $ 636,201 | $ 590,408 | $ 475,724 | $ 452,985 | $ 420,867 | $ 590,408 | $ 420,867 |
Beginning balance (in shares) | 2,339,512 | 2,339,512 | ||||||
Issuance of common stock | 65,527 | 22,493 | $ 44,872 | 101,469 | 26,500 | 46,035 | ||
Cancellation of treasury stock | 0 | |||||||
Share-based compensation | 1,188 | 1,236 | 963 | 992 | 1,060 | 821 | ||
Issuance of common stock under restricted stock plan, net of forfeitures | 0 | 0 | 0 | 0 | ||||
Common stock withheld for payroll taxes upon vesting of restricted stock | (138) | (926) | (380) | (641) | ||||
Dividends to shareholders | (26,858) | (24,769) | (22,916) | (19,275) | (14,287) | (16,615) | ||
Change in restoration plan liability | (12) | (11) | (12) | 8 | 8 | 8 | ||
Reclassification for certain permanent book-to-tax differences | 0 | 0 | 0 | |||||
Net investment income | 28,859 | 27,194 | 24,556 | 19,425 | 14,444 | 12,438 | $ 80,609 | 46,307 |
Net realized gain (loss) on investments | (7,842) | (12,782) | (11,086) | (8,635) | 2,320 | (20,234) | (17,401) | |
Net realized gain on investments and extinguishment of debt | 29 | |||||||
Net unrealized (appreciation) depreciation on investments | $ 2,467 | (4,599) | 12,038 | $ (5,390) | 3,649 | (12,248) | $ 9,906 | $ (13,989) |
Ending balance (in shares) | 42,981,139 | 34,559,000 | 42,981,139 | 34,559,000 | ||||
Ending balance | $ 720,965 | $ 657,774 | $ 636,201 | $ 561,487 | $ 475,724 | $ 452,985 | $ 720,965 | $ 561,487 |
Ending balance (in shares) | 0 | 0 | ||||||
Common Stock | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Beginning balance (in shares) | 39,951,118 | 38,839,918 | 36,076,425 | 28,782,062 | 27,390,741 | 24,958,520 | 36,076,425 | 24,958,520 |
Beginning balance | $ 9,988 | $ 9,710 | $ 9,604 | $ 7,780 | $ 7,433 | $ 6,825 | $ 9,604 | $ 6,825 |
Issuance of common stock (in shares) | 3,036,237 | 1,100,000 | 2,527,458 | 5,799,314 | 1,381,716 | 2,262,852 | ||
Issuance of common stock | $ 759 | $ 275 | $ 632 | $ 1,450 | $ 345 | $ 566 | ||
Cancellation of treasury stock | $ (585) | |||||||
Issuance of common stock under restricted stock plan, net of forfeitures (in shares) | 11,200 | 282,616 | (2,425) | 9,605 | 199,042 | |||
Issuance of common stock under restricted stock plan, net of forfeitures | $ 3 | $ 71 | $ 2 | $ 49 | ||||
Common stock withheld for payroll taxes upon vesting of restricted stock (in shares) | (6,216) | (46,581) | (19,917) | (29,673) | ||||
Common stock withheld for payroll taxes upon vesting of restricted stock | $ (2) | $ (12) | $ (5) | $ (7) | ||||
Ending balance (in shares) | 42,981,139 | 39,951,118 | 38,839,918 | 34,559,034 | 28,782,062 | 27,390,741 | 42,981,139 | 34,559,034 |
Ending balance | $ 10,745 | $ 9,988 | $ 9,710 | $ 9,225 | $ 7,780 | $ 7,433 | $ 10,745 | $ 9,225 |
Treasury Stock | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Beginning balance | $ 0 | $ 0 | $ (23,937) | $ (23,937) | $ (23,937) | $ (23,937) | $ (23,937) | $ (23,937) |
Beginning balance (in shares) | 0 | 0 | 2,339,512 | 2,339,512 | 2,339,512 | 2,339,512 | 2,339,512 | 2,339,512 |
Cancellation of treasury stock (in shares) | (2,339,512) | |||||||
Cancellation of treasury stock | $ 23,937 | |||||||
Ending balance | $ 0 | $ 0 | $ 0 | $ (23,937) | $ (23,937) | $ (23,937) | $ 0 | $ (23,937) |
Ending balance (in shares) | 0 | 0 | 0 | 2,339,512 | 2,339,512 | 2,339,512 | 0 | 2,339,512 |
Additional Paid-In Capital | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Beginning balance | $ 690,880 | $ 667,440 | $ 646,586 | $ 521,072 | $ 493,851 | $ 448,235 | $ 646,586 | $ 448,235 |
Issuance of common stock | 64,768 | 22,218 | 44,240 | 100,019 | 26,155 | 45,469 | ||
Cancellation of treasury stock | (23,352) | |||||||
Share-based compensation | 1,188 | 1,236 | 963 | 992 | 1,060 | 821 | ||
Issuance of common stock under restricted stock plan, net of forfeitures | (3) | (71) | (2) | (49) | ||||
Common stock withheld for payroll taxes upon vesting of restricted stock | (136) | (914) | (375) | (634) | ||||
Change in restoration plan liability | (12) | (11) | (12) | 8 | 8 | 8 | ||
Reclassification for certain permanent book-to-tax differences | (5,277) | (5,126) | 1 | |||||
Ending balance | 751,411 | 690,880 | 667,440 | 616,590 | 521,072 | 493,851 | 751,411 | 616,590 |
Total Distributable Earnings (Loss) | ||||||||
Investment Company, Net Assets [Roll Forward] | ||||||||
Beginning balance | (43,094) | (40,949) | (41,845) | (29,191) | (24,362) | (10,256) | (41,845) | (10,256) |
Dividends to shareholders | (26,858) | (24,769) | (22,916) | (19,275) | (14,287) | (16,615) | ||
Reclassification for certain permanent book-to-tax differences | 5,277 | 5,126 | (1) | |||||
Net investment income | 28,859 | 27,194 | 24,556 | 19,425 | 14,444 | 12,438 | ||
Net realized gain (loss) on investments | (7,842) | (12,782) | (11,086) | (8,635) | 2,320 | |||
Net realized gain on investments and extinguishment of debt | 29 | |||||||
Net unrealized (appreciation) depreciation on investments | 2,467 | (4,599) | 12,038 | (5,390) | 3,649 | (12,248) | ||
Ending balance | $ (41,191) | $ (43,094) | $ (40,949) | $ (40,391) | $ (29,191) | $ (24,362) | $ (41,191) | $ (40,391) |
CONSOLIDATED STATEMENTS OF CASH
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands | 9 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Cash flows from operating activities | ||
Net increase in net assets from operations | $ 69,920 | $ 14,917 |
Adjustments to reconcile net increase in net assets from operations to net cash used in operating activities: | ||
Purchases and originations of investments | (317,853) | (343,402) |
Proceeds from sales and repayments of debt investments in portfolio companies | 154,536 | 106,649 |
Proceeds from sales and return of capital of equity investments in portfolio companies | 4,131 | 2,664 |
Payment of accreted original issue discounts | 1,733 | 1,444 |
Payment of accrued payment-in-kind interest | 0 | 1,313 |
Depreciation and amortization | 3,128 | 2,002 |
Net pension benefit | (49) | (43) |
Realized loss (gain) on investments before income tax | 20,180 | 17,348 |
Realized loss on extinguishment of debt | 361 | 0 |
Net unrealized (appreciation) depreciation on investments before income tax | (8,894) | 7,977 |
Accretion of discounts on investments | (3,911) | (2,873) |
Payment-in-kind interest | (8,164) | (3,891) |
Share-based compensation expense | 3,387 | 2,873 |
Deferred income taxes | (1,191) | 5,680 |
Changes in other assets and liabilities: | ||
Increase in dividend and interest receivable | (5,510) | (4,725) |
Decrease in escrow receivables | 272 | 756 |
Decrease (increase) in tax receivable | 19 | (79) |
Increase in other receivables | (617) | (965) |
Increase in other assets | (142) | (266) |
Increase (decrease) in taxes payable | 646 | (831) |
Increase (decrease) in other liabilities | 1,615 | (196) |
Net cash used in operating activities | (86,403) | (193,648) |
Cash flows from investing activities | ||
Acquisition of fixed assets | (3) | (159) |
Net cash used in investing activities | (3) | (159) |
Cash flows from financing activities | ||
Proceeds from common stock offering | 132,940 | 174,169 |
Equity offering costs paid | 0 | (102) |
Borrowings under credit facility | 195,000 | 140,000 |
Repayments of credit facility | (235,000) | (120,000) |
Debt issuance costs paid | (8,382) | (1,248) |
Proceeds from issuance of SBA Debentures | 9,756 | 62,442 |
Proceeds from issuance of August 2028 Notes | 69,719 | 0 |
Dividends to shareholders | (74,543) | (50,177) |
Common stock withheld for payroll taxes upon vesting of restricted stock | (1,064) | (1,022) |
Net cash provided by financing activities | 88,426 | 204,062 |
Net increase in cash and cash equivalents | 2,020 | 10,255 |
Cash and cash equivalents at beginning of period | 21,585 | 11,431 |
Cash and cash equivalents at end of period | 23,605 | 21,686 |
Supplemental cash flow disclosures: | ||
Cash paid for income taxes | 374 | 1,481 |
Cash paid for interest | $ 25,985 | $ 15,937 |
CONSOLIDATED SCHEDULE OF INVEST
CONSOLIDATED SCHEDULE OF INVESTMENTS - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 | |||
Schedule of Investments [Line Items] | |||||
Cost | $ 1,369,906 | [1],[2],[3],[4],[5],[6],[7],[8] | $ 1,220,152 | [9],[10],[11],[12] | |
Fair Value | 1,365,037 | [1],[3],[5],[6],[7],[8],[13] | 1,206,388 | [10],[12],[14] | |
Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,198,537 | |||
Fair Value | [13] | 1,181,737 | |||
Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 90,569 | |||
Fair Value | [13] | 129,100 | |||
Aerospace & Defense | |||||
Schedule of Investments [Line Items] | |||||
Cost | 21,792 | 5,898 | |||
Fair Value | 22,500 | 6,000 | |||
Aerospace & Defense | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 21,792 | |||
Fair Value | [13] | 22,500 | |||
Business Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 155,291 | 147,056 | |||
Fair Value | 148,002 | 146,727 | |||
Business Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 149,650 | |||
Fair Value | [13] | 144,118 | |||
Business Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 5,641 | |||
Fair Value | [13] | 3,884 | |||
Consumer Products and Retail | |||||
Schedule of Investments [Line Items] | |||||
Cost | 83,561 | 86,607 | |||
Fair Value | 85,638 | 86,385 | |||
Consumer Products and Retail | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 76,821 | |||
Fair Value | [13] | 77,878 | |||
Consumer Products and Retail | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 6,740 | |||
Fair Value | [13] | 7,760 | |||
Consumer Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 99,903 | 91,142 | |||
Fair Value | 100,527 | 91,913 | |||
Consumer Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 94,559 | |||
Fair Value | [13] | 93,741 | |||
Consumer Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 5,344 | |||
Fair Value | [13] | 6,786 | |||
Distribution | |||||
Schedule of Investments [Line Items] | |||||
Cost | 18,611 | 18,755 | |||
Fair Value | 16,490 | 16,315 | |||
Distribution | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 17,711 | |||
Fair Value | [13] | 15,892 | |||
Distribution | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 900 | |||
Fair Value | [13] | 598 | |||
Education | |||||
Schedule of Investments [Line Items] | |||||
Cost | 25,539 | 25,995 | |||
Fair Value | 22,466 | 26,357 | |||
Education | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 18,694 | |||
Fair Value | [13] | 17,795 | |||
Education | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 6,845 | |||
Fair Value | [13] | 4,671 | |||
Energy Services (Midstream) | |||||
Schedule of Investments [Line Items] | |||||
Cost | 15,223 | 23,337 | |||
Fair Value | 15,313 | 22,829 | |||
Energy Services (Midstream) | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 15,223 | |||
Fair Value | [13] | 15,313 | |||
Energy Services (Upstream) | |||||
Schedule of Investments [Line Items] | |||||
Cost | 12,384 | 17,402 | |||
Fair Value | 12,586 | 17,730 | |||
Energy Services (Upstream) | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 12,384 | |||
Fair Value | [13] | 12,586 | |||
Environmental Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 43,153 | 34,869 | |||
Fair Value | 44,165 | 29,753 | |||
Environmental Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 38,688 | |||
Fair Value | [13] | 38,719 | |||
Environmental Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 4,465 | |||
Fair Value | [13] | 5,446 | |||
Financial services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 42,913 | 30,950 | |||
Fair Value | 57,827 | 40,420 | |||
Financial services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 40,913 | |||
Fair Value | [13] | 41,291 | |||
Financial services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 2,000 | |||
Fair Value | [13] | 16,536 | |||
Food, Agriculture & Beverage | |||||
Schedule of Investments [Line Items] | |||||
Cost | 97,909 | 73,223 | |||
Fair Value | 89,397 | 68,833 | |||
Food, Agriculture & Beverage | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 91,659 | |||
Fair Value | [13] | 85,525 | |||
Food, Agriculture & Beverage | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 6,250 | |||
Fair Value | [13] | 3,872 | |||
Healthcare Products | |||||
Schedule of Investments [Line Items] | |||||
Cost | 78,335 | 67,555 | |||
Fair Value | 80,257 | 66,355 | |||
Healthcare Products | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 74,135 | |||
Fair Value | [13] | 73,749 | |||
Healthcare Products | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 4,200 | |||
Fair Value | [13] | 6,508 | |||
Healthcare Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 211,005 | 143,455 | |||
Fair Value | 201,462 | 126,971 | |||
Healthcare Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 192,434 | |||
Fair Value | [13] | 191,176 | |||
Healthcare Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 18,571 | |||
Fair Value | [13] | 10,286 | |||
Industrial Products | |||||
Schedule of Investments [Line Items] | |||||
Cost | 39,484 | 25,827 | |||
Fair Value | 52,545 | 32,518 | |||
Industrial Products | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 35,984 | |||
Fair Value | [13] | 36,418 | |||
Industrial Products | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 3,500 | |||
Fair Value | [13] | 16,127 | |||
Industrial Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 29,438 | 24,920 | |||
Fair Value | 29,924 | 25,460 | |||
Industrial Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 29,438 | |||
Fair Value | [13] | 29,924 | |||
Media & Marketing | |||||
Schedule of Investments [Line Items] | |||||
Cost | 168,006 | 139,750 | |||
Fair Value | 172,578 | 149,357 | |||
Media & Marketing | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 159,765 | |||
Fair Value | [13] | 155,039 | |||
Media & Marketing | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 8,241 | |||
Fair Value | [13] | 17,539 | |||
Restaurants | |||||
Schedule of Investments [Line Items] | |||||
Cost | 15,664 | ||||
Fair Value | 15,680 | ||||
Restaurants | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 15,664 | |||
Fair Value | [13] | 15,680 | |||
Software & IT Services | |||||
Schedule of Investments [Line Items] | |||||
Cost | 32,186 | 47,563 | |||
Fair Value | 33,211 | 47,641 | |||
Software & IT Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 27,062 | |||
Fair Value | [13] | 27,429 | |||
Software & IT Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 5,125 | |||
Fair Value | [13] | 5,782 | |||
Specialty Chemicals | |||||
Schedule of Investments [Line Items] | |||||
Cost | 15,100 | 17,531 | |||
Fair Value | 15,102 | 17,839 | |||
Specialty Chemicals | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 15,100 | |||
Fair Value | [13] | 15,102 | |||
Technology Products & Components | |||||
Schedule of Investments [Line Items] | |||||
Cost | 9,838 | 43,016 | |||
Fair Value | 15,812 | 59,718 | |||
Technology Products & Components | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 5,740 | |||
Fair Value | [13] | 5,775 | |||
Technology Products & Components | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 4,097 | |||
Fair Value | [13] | 10,037 | |||
Telecommunications | |||||
Schedule of Investments [Line Items] | |||||
Cost | 16,619 | 21,796 | |||
Fair Value | 15,818 | 17,386 | |||
Telecommunications | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 15,398 | |||
Fair Value | [13] | 14,418 | |||
Telecommunications | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,221 | |||
Fair Value | [13] | 1,400 | |||
Transportation & Logistics | |||||
Schedule of Investments [Line Items] | |||||
Cost | 46,502 | 42,049 | |||
Fair Value | 54,361 | 48,494 | |||
Transportation & Logistics | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 39,073 | |||
Fair Value | [13] | 42,493 | |||
Transportation & Logistics | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 7,429 | |||
Fair Value | [13] | 11,868 | |||
Containers & Packaging | |||||
Schedule of Investments [Line Items] | |||||
Cost | 10,650 | 10,656 | |||
Fair Value | 9,176 | 10,131 | |||
Containers & Packaging | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 10,650 | |||
Fair Value | [13] | 9,176 | |||
EDGE AUTONOMY HOLDINGS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 21,792 | |||
Fair Value | [13] | 22,500 | |||
C&M CONVEYOR, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 12,798 | [2],[4] | 12,754 | [9],[11] | |
Fair Value | 13,000 | [13] | 12,754 | [14] | |
DYNAMIC COMMUNITIES, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 10,138 | |||
Fair Value | [14] | 10,509 | |||
Dynamic Communities, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 8,326 | |||
Fair Value | [6],[13] | 8,366 | |||
FS VECTOR LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 17,642 | |||
Fair Value | [13] | 17,694 | |||
GAINS INTERMEDIATE, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 13,971 | [2],[4] | 14,504 | [9],[11] | |
Fair Value | 14,250 | [13] | 14,716 | [14] | |
MAKO STEEL LP | |||||
Schedule of Investments [Line Items] | |||||
Cost | 7,684 | [2],[4] | 8,699 | [9],[11] | |
Fair Value | 7,777 | [13] | 8,778 | [14] | |
SPOTLIGHT AR, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 6,556 | [2],[4] | 8,092 | [9],[11] | |
Fair Value | 6,656 | [13] | 8,453 | [14] | |
SYSTEC CORPORATION | |||||
Schedule of Investments [Line Items] | |||||
Cost | 9,348 | [2],[4] | 10,462 | [9],[11] | |
Fair Value | 9,355 | [13] | 10,600 | [14] | |
WINTER SERVICES OPERATIONS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 26,824 | [2],[4] | 19,596 | [9],[11] | |
Fair Value | 26,961 | [13] | 20,000 | [14] | |
ZENFOLIO INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 20,681 | [2],[4] | 20,756 | [9],[11] | |
Fair Value | 20,584 | [13] | 20,432 | [14] | |
ATS OPERATING, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 18,727 | [2],[4] | 19,668 | [9],[11] | |
Fair Value | 18,939 | [13] | 19,696 | [14] | |
CATBIRD NYC, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 16,708 | |||
Fair Value | [14] | 17,872 | |||
Catbird NYC, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 14,966 | |||
Fair Value | [6],[13] | 15,200 | |||
LASH OPCO, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 10,879 | [2],[4] | 10,651 | [9],[11] | |
Fair Value | 10,852 | [13] | 10,440 | [14] | |
RTIC SUBSIDIARY HOLDINGS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 6,142 | [2],[4] | 6,936 | [9],[11] | |
Fair Value | 5,992 | [13] | 6,079 | [14] | |
AIR CONDITIONING SPECIALIST, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 25,057 | [2],[4],[6] | 28,515 | [9],[11] | |
Fair Value | 25,294 | [6],[13] | 29,440 | [14] | |
NATIONAL CREDIT CARE, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 19,181 | [2],[4] | 21,127 | [9],[11] | |
Fair Value | 18,518 | [13] | 21,100 | [14] | |
POOL SERVICE PARTNERS, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 4,797 | |||
Fair Value | [6],[13] | 4,900 | |||
ROOF OPCO, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 21,975 | |||
Fair Value | [14] | 21,821 | |||
Roof OpCo, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 26,088 | |||
Fair Value | [13] | 25,462 | |||
ZIPS CAR WASH, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 19,436 | [2],[4] | 19,525 | [9],[11] | |
Fair Value | 19,567 | [13] | 19,553 | [14] | |
KMS, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11],[15] | 17,855 | |||
Fair Value | [14],[15] | 16,315 | |||
WALL STREET PREP, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 11,423 | |||
Fair Value | [14] | 11,793 | |||
Wall Street Prep, Inc., Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 9,191 | |||
Fair Value | [13] | 9,308 | |||
PIPELINE TECHNIQUE LTD. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 10,113 | [2],[4],[16],[17] | 10,015 | [9],[11],[18] | |
Fair Value | 10,306 | [13],[16],[17] | 10,055 | [14],[18] | |
WELL-FOAM, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 12,384 | [2],[4] | 17,402 | [9],[11] | |
Fair Value | 12,586 | [13] | 17,730 | [14] | |
ARBORWORKS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 14,473 | |||
Fair Value | [14] | 10,972 | |||
ArborWorks, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 3,836 | |||
Fair Value | [6],[13] | 3,836 | |||
ISLAND PUMP AND TANK, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 24,540 | [2],[4] | 10,044 | [9],[11] | |
Fair Value | 25,000 | [13] | 10,044 | [14] | |
LIGHTING RETROFIT INTERNATIONAL, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 10,351 | |||
Fair Value | [14] | 8,737 | |||
LIGHTING RETROFIT INTERNATIONAL, LLC6, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 10,312 | |||
Fair Value | [6],[13] | 9,883 | |||
NINJATRADER, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 29,203 | [2],[4] | 24,833 | [9],[11] | |
Fair Value | 29,586 | [13] | 34,288 | [14] | |
AMERICAN NUTS OPERATIONS LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 24,960 | [2],[4] | 26,334 | [9],[11] | |
Fair Value | 18,374 | [13] | 20,936 | [14] | |
GULF PACIFIC ACQUISITION, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 4,278 | [2],[4] | 4,195 | [9],[11] | |
Fair Value | 4,287 | [13] | 4,217 | [14] | |
MAMMOTH BORROWCO, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 20,843 | |||
Fair Value | [13] | 20,970 | |||
MUENSTER MILLING COMPANY, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 22,390 | |||
Fair Value | [14] | 22,985 | |||
MUENSTER MILLING COMPANY, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 21,462 | |||
Fair Value | [13] | 21,364 | |||
NEW SKINNY MIXES, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 13,192 | [2],[4] | 12,646 | [9],[11] | |
Fair Value | 13,500 | [13] | 12,753 | [14] | |
LGM PHARMA, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 18,928 | [2],[4] | 15,640 | [9],[11] | |
Fair Value | 19,081 | [13] | 15,783 | [14] | |
LIGHTNING INTERMEDIATE II, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 22,478 | [2],[4] | 22,887 | [9],[11] | |
Fair Value | 21,694 | [13] | 22,721 | [14] | |
LKC TECHNOLOGIES, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 6,345 | |||
Fair Value | [13] | 6,500 | |||
MICROBE FORMULAS LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 9,843 | [2],[4] | 11,394 | [9],[11] | |
Fair Value | 10,016 | [13] | 11,505 | [14] | |
SCRIP INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 17,634 | |||
Fair Value | [14] | 16,345 | |||
AAC NEW HOLDCO INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 14,452 | |||
Fair Value | [14] | 11,703 | |||
AAC NEW HOLDCO INC., Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 12,028 | |||
Fair Value | [13] | 11,898 | |||
CAVALIER BUYER, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 6,978 | |||
Fair Value | [14] | 6,997 | |||
CAVALIER BUYER, INC., Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 6,354 | |||
Fair Value | [13] | 6,500 | |||
CDC DENTAL MANAGEMENT CO., LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 10,747 | |||
Fair Value | [13] | 10,786 | |||
CENTRAL MEDICAL SUPPLY LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 7,860 | [2],[4],[6] | 8,777 | [9],[11] | |
Fair Value | 7,926 | [6],[13] | 8,154 | [14] | |
CITYVET, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 14,667 | |||
Fair Value | [13] | 14,985 | |||
HH-INSPIRE ACQUISITION, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 8,509 | |||
Fair Value | [13] | 8,018 | |||
INSTITUTES OF HEALTH, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 14,692 | |||
Fair Value | [13] | 14,714 | |||
NEUROPSYCHIATRIC HOSPITALS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 37,391 | [2],[4] | 22,185 | [9],[11] | |
Fair Value | 38,007 | [13] | 20,737 | [14] | |
OPCO BORROWER, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 11,372 | [2],[4] | 11,925 | [9],[11] | |
Fair Value | 11,661 | [13] | 12,451 | [14] | |
ROSELAND MANAGEMENT, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 17,359 | |||
Fair Value | [14] | 16,356 | |||
ROSELAND MANAGEMENT, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 15,218 | |||
Fair Value | [6],[13] | 15,242 | |||
VERSICARE MANAGEMENT LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 23,922 | [2],[4] | 15,544 | [9],[11] | |
Fair Value | 24,400 | [13] | 15,614 | [14] | |
DAMOTECH INC., Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 12,899 | |||
Fair Value | [13],[16],[17] | 12,949 | |||
GPT INDUSTRIES, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 5,884 | [2],[4],[6] | 6,972 | [9],[11] | |
Fair Value | 6,039 | [6],[13] | 7,030 | [14] | |
THE PRODUCTO GROUP, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 18,855 | |||
Fair Value | [14] | 25,488 | |||
FM SYLVAN, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 16,500 | [2],[4] | 13,553 | [9],[11] | |
Fair Value | 16,850 | [13] | 13,963 | [14] | |
USA DEBUSK, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 12,938 | |||
Fair Value | [13] | 13,074 | |||
360 QUOTE TOPCO, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 25,867 | [2],[4] | 27,883 | [9],[11] | |
Fair Value | 20,922 | [13] | 26,131 | [14] | |
ACCELERATION, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 31,773 | |||
Fair Value | [14] | 33,031 | |||
ACCELERATION, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 28,839 | |||
Fair Value | [13] | 28,964 | |||
BOND BRAND LOYALTY ULC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 17,598 | |||
Fair Value | [13],[16],[17] | 17,632 | |||
EXACT BORROWER, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 19,842 | [2],[4] | 19,472 | [9],[11] | |
Fair Value | 20,213 | [13] | 19,697 | [14] | |
IGNITE VISIBILITY LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 9,803 | |||
Fair Value | [13] | 9,852 | |||
OUTERBOX, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 14,437 | [2],[4],[6] | 15,034 | [9],[11] | |
Fair Value | 14,523 | [6],[13] | 15,325 | [14] | |
SWENSONS DRIVE-IN RESTAURANTS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 15,664 | |||
Fair Value | [13] | 15,680 | |||
ACACIA BUYERCO V LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 12,233 | [2],[4] | 13,200 | [9],[11] | |
Fair Value | 12,500 | [13] | 13,300 | [14] | |
CADMIUM, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 7,925 | [2],[4] | 7,937 | [9],[11] | |
Fair Value | 7,929 | [13] | 7,728 | [14] | |
GRAMMATECH, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 11,313 | |||
Fair Value | [14] | 10,403 | |||
GrammaTech, Inc., Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,986 | |||
Fair Value | [6],[13] | 2,000 | |||
ISI ENTERPRISES, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 5,898 | |||
Fair Value | [14] | 6,000 | |||
ISI Enterprises, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 4,918 | |||
Fair Value | [13] | 5,000 | |||
SOUTH COAST TERMINALS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 15,100 | [2],[4] | 17,532 | [9],[11] | |
Fair Value | 15,102 | [13] | 17,839 | [14] | |
TRAFERA, LLC (FKA TRINITY 3, LLC) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 7,024 | |||
Fair Value | [14] | 7,376 | |||
TRAFERA, LLC (FKA TRINITY 3, LLC), Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 5,740 | |||
Fair Value | [13] | 5,775 | |||
MERCURY ACQUISITION 2021, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 15,398 | [2],[4] | 14,865 | [9],[11] | |
Fair Value | 14,418 | [13] | 15,312 | [14] | |
ITA HOLDINGS GROUP, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 27,595 | |||
Fair Value | [14] | 33,973 | |||
ITA Holdings Group, LLC, Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 24,025 | |||
Fair Value | [6],[13] | 28,048 | |||
US COURTSCRIPT HOLDINGS, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 1,423 | [2],[4] | 17,963 | [9],[11] | |
Fair Value | 1,595 | [13] | 18,707 | [14] | |
SHEARWATER RESEARCH, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11],[18] | 14,443 | |||
Fair Value | [14],[18] | 16,286 | |||
CATBIRD NYC, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,500 | |||
Fair Value | [6],[13] | 2,372 | |||
Shearwater Research, Inc., Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 636 | |||
Fair Value | [13],[16],[17] | 2,083 | |||
Roof OpCo, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 1,037 | |||
STUDENT RESOURCE CENTER LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 5,845 | [2],[4],[6] | 14,572 | [9],[11],[19] | |
Fair Value | 2,659 | [6],[13] | 14,565 | [14],[19] | |
ArborWorks, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 3,270 | |||
Fair Value | [6],[13] | 3,175 | |||
LIGHTING RETROFIT INTERNATIONAL, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 0 | |||
Fair Value | [6],[13] | 0 | |||
Muenster Milling Company, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,500 | |||
Fair Value | [13] | 1,210 | |||
AAC NEW HOLDCO INC., Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 3,983 | |||
Fair Value | [13] | 1,597 | |||
CAVALIER BUYER, INC., Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 690 | |||
Fair Value | [13] | 726 | |||
Roseland Management, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,785 | |||
Fair Value | [6],[13] | 1,845 | |||
STATINMED, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 6,238 | [2],[4],[6] | 13,648 | [9],[11] | |
Fair Value | 0 | [6],[13] | 11,177 | [14] | |
DAMOTECH INC., Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 1,000 | |||
Fair Value | [13],[16],[17] | 1,908 | |||
Acceleration, LLC, Equity Securities | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 1,263 | |||
ACCELERATION PARTNERS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 1,033 | [2],[4] | 20,195 | [9],[11] | |
Fair Value | 1,063 | [13] | 20,773 | [14] | |
BOND BRAND LOYALTY ULC, Equity Securities | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 1,000 | |||
Fair Value | [13],[16],[17] | 1,000 | |||
IGNITE VISIBILITY LLC, Equity Interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 1,000 | |||
BROAD SKY NETWORKS LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | 1,221 | [2],[4] | 1,221 | [9],[11] | |
Fair Value | 1,400 | [13] | 1,779 | [14] | |
GUARDIAN FLEET SERVICES, INC. | |||||
Schedule of Investments [Line Items] | |||||
Cost | 1,600 | [2],[4] | 5,956 | [9],[11] | |
Fair Value | 1,620 | [13] | 5,956 | [14] | |
ITA Holdings Group, LLC, Equity Securities | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 5,829 | |||
Fair Value | [6],[13] | 10,248 | |||
INFOLINKS MEDIA BUYCO, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 8,109 | |||
Fair Value | [14] | 8,597 | |||
ALLIANCE SPORTS GROUP, L.P. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 2,673 | |||
Fair Value | [14] | 2,892 | |||
AMERICAN TELECONFERENCING SERVICES, LTD. | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 5,711 | |||
Fair Value | [14] | 295 | |||
FLIP ELECTRONICS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 35,991 | |||
Fair Value | [14] | 52,341 | |||
FOOD PHARMA SUBSIDIARY HOLDINGS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 7,658 | |||
Fair Value | [14] | 7,941 | |||
NWN PARENT HOLDINGS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 13,516 | |||
Fair Value | [14] | 13,516 | |||
SIB HOLDINGS, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 12,429 | |||
Fair Value | [14] | 12,132 | |||
SPECTRUM OF HOPE, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 23,020 | |||
Fair Value | [14] | 22,934 | |||
DELPHI BEHAVIORAL HEALTH GROUP, LLC | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 8,541 | |||
Fair Value | [14] | 0 | |||
ISI Enterprises, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,167 | |||
Fair Value | [13] | 1,810 | |||
GrammaTech, Inc., Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,360 | |||
Fair Value | [6],[13] | 0 | |||
Dynamic Communities, LLC, Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 2,468 | |||
Fair Value | [6],[13] | 317 | |||
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 22,840 | [20] | 25,000 | [21] | |
Cost | 22,589 | [2],[4],[20] | 24,674 | [9],[11],[21] | |
Fair Value | 18,272 | [13],[20] | 23,125 | [14],[21] | |
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,313 | 3,250 | |||
Cost | 3,278 | [2],[4] | 3,209 | [9],[11] | |
Fair Value | 2,650 | [13] | 3,006 | [14] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., 374,543 shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,785 | |||
Fair Value | [13] | 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 352 | [22] | 274 | [23] | |
Cost | 349 | [2],[4],[22] | 270 | [9],[11],[23] | |
Fair Value | 348 | [13],[22] | 264 | [14],[23] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,679 | 10,199 | |||
Cost | 11,679 | [2],[4] | 10,199 | [9],[11] | |
Fair Value | 11,550 | [13] | 9,842 | [14] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 1,785 | |||
Fair Value | [14] | 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Warrants (Expiration - December 11, 2025) | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | 2,198 | [2],[4] | 2,198 | [9],[11] | |
Fair Value | 881 | [13] | 881 | [14] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, 1,000,000 Class B-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 1,000 | [2],[4],[17],[25] | 1,000 | [9],[11],[18],[24] | |
Fair Value | 1,000 | [13],[17],[25] | 1,000 | [14],[18],[24] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,500 | 7,500 | [23] | ||
Cost | 7,347 | [2],[4] | 7,332 | [9],[11],[23] | |
Fair Value | 7,500 | [13] | 7,380 | [14],[23] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | 5,000 | |||
Cost | 4,917 | [2],[4] | 4,905 | [9],[11] | |
Fair Value | 5,000 | [13] | 4,920 | [14] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Revolver Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (31) | [2],[4],[22] | (37) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 14 | |||
Fair Value | [14],[18],[24] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 14 | |||
Fair Value | [13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,019 | |||
Fair Value | [13],[17],[25] | 1,063 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 19,550 | [26] | 19,550 | [27] | |
Cost | 19,252 | [2],[4],[26] | 19,162 | [9],[11],[27] | |
Fair Value | 19,452 | [13],[26] | 19,550 | [14],[27] | |
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,019 | |||
Fair Value | [14],[18],[24] | 1,223 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 1,611.22 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 107 | |||
Fair Value | [13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 13,451.22 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 893 | |||
Fair Value | [13],[17],[25] | 1,263 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 107 | |||
Fair Value | [14],[18],[24] | 165 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (42) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,123 | 9,228 | |||
Cost | 8,987 | [2],[4] | 9,067 | [9],[11] | |
Fair Value | 8,886 | [13] | 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,123 | 9,228 | |||
Cost | 8,986 | [2],[4] | 9,066 | [9],[11] | |
Fair Value | 9,005 | [13] | 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,123 | 9,228 | |||
Cost | 8,985 | [2],[4] | 9,066 | [9],[11] | |
Fair Value | 9,123 | [13] | 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 893 | |||
Fair Value | [14],[18],[24] | 1,482 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 1,950 | [22] | 3,700 | [23] | |
Cost | 1,881 | [2],[4],[22] | 3,616 | [9],[11],[23] | |
Fair Value | 1,950 | [13],[22] | 3,700 | [14],[23] | |
Investment, Identifier [Axis]: ACE GATHERING, INC. | |||||
Schedule of Investments [Line Items] | |||||
Principal | [15] | 7,698 | |||
Cost | [9],[11],[15] | 7,668 | |||
Fair Value | [14],[15] | 7,082 | |||
Investment, Identifier [Axis]: ACE GATHERING, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [28] | 5,110 | |||
Cost | [2],[4],[28] | 5,110 | |||
Fair Value | [13],[28] | 5,007 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., 1,006,045.85 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 1,344 | |||
Fair Value | [6],[13],[17],[25] | 2,749 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 0 | |||
Cost | [2],[4],[6],[22] | 0 | |||
Fair Value | [6],[13],[22] | 0 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 24,469 | [6] | 27,438 | ||
Cost | 24,246 | [2],[4],[6] | 26,940 | [9],[11] | |
Fair Value | 24,469 | [6],[13] | 27,438 | [14] | |
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [18],[24] | ||
Cost | [9],[11],[18],[24] | 809 | |||
Fair Value | 2,749 | 1,202 | [14],[18],[24] | ||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 825 | [6],[22] | 800 | [23] | |
Cost | 811 | [2],[4],[6],[22] | 766 | [9],[11],[23] | |
Fair Value | 825 | [6],[13],[22] | 800 | [14],[23] | |
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., 3.88% membership preferred interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 2,500 | |||
Fair Value | [13] | 1,201 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Membership preferred interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 2,500 | |||
Fair Value | [14] | 2,691 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Unsecured convertible Note | |||||
Schedule of Investments [Line Items] | |||||
Principal | 173 | 173 | |||
Cost | 173 | [2],[4] | 173 | [9],[11] | |
Fair Value | 173 | [13] | 201 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,944 | [29] | 11,716 | ||
Cost | 12,903 | [2],[4],[29] | 11,667 | [9],[11] | |
Fair Value | 10,505 | [13],[29] | 10,978 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,106 | [29] | 11,716 | ||
Cost | 12,057 | [2],[4],[29] | 11,667 | [9],[11] | |
Fair Value | 7,869 | [13],[29] | 9,958 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 3,000 | [2],[4],[17],[25] | 3,000 | [9],[11],[18],[24] | |
Fair Value | 0 | [13],[17],[25] | 0 | [14],[18],[24] | |
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [30] | 4,899 | |||
Cost | [9],[11],[30] | 4,858 | |||
Fair Value | [14],[30] | 251 | |||
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23],[30] | 862 | |||
Cost | [9],[11],[23],[30] | 853 | |||
Fair Value | [14],[23],[30] | 44 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 1,666.67 Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 0 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 3,170 | |||
Fair Value | [6],[13] | 3,170 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 0 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 100 | |||
Fair Value | [14],[18],[24] | 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,030 | [6] | 12,610 | ||
Cost | 3,030 | [2],[4],[6] | 12,417 | [9],[11] | |
Fair Value | 3,030 | [6],[13] | 9,470 | [14] | |
Investment, Identifier [Axis]: ARBORWORKS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 806 | [6],[22] | 2,000 | [23] | |
Cost | 806 | [2],[4],[6],[22] | 1,956 | [9],[11],[23] | |
Fair Value | 806 | [6],[13],[22] | 1,502 | [14],[23] | |
Investment, Identifier [Axis]: ARBORWORKS, LLC6, 100 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 100 | |||
Fair Value | [6],[13],[17],[25] | 5 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, 2,572 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,026 | |||
Fair Value | [13],[17],[25] | 847 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,026 | |||
Fair Value | [14],[18],[24] | 847 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, 1,000,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,250 | 9,250 | |||
Cost | 9,130 | [2],[4] | 9,104 | [9],[11] | |
Fair Value | 9,195 | [13] | 9,102 | [14] | |
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,250 | 9,250 | |||
Cost | 9,127 | [2],[4] | 9,102 | [9],[11] | |
Fair Value | 9,250 | [13] | 9,102 | [14] | |
Investment, Identifier [Axis]: ATS OPERATING, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 500 | [22] | 500 | [23] | |
Cost | 470 | [2],[4],[22] | 462 | [9],[11],[23] | |
Fair Value | 494 | [13],[22] | 492 | [14],[23] | |
Investment, Identifier [Axis]: ArborWorks, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 5 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 3,170 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,030 | ||||
Fair Value | 3,030 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 806 | ||||
Fair Value | 806 | 0 | |||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., 900,000 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 900 | |||
Fair Value | [13] | 598 | |||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 900 | |||
Fair Value | [14] | 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17],[25] | 0 | |||
Fair Value | [13],[16],[17],[25] | 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17],[25] | 1,000 | |||
Fair Value | [13],[16],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17] | 8,978 | |||
Cost | [2],[4],[16],[17] | 8,816 | |||
Fair Value | [13],[16],[17] | 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17] | 8,978 | |||
Cost | [2],[4],[16],[17] | 8,816 | |||
Fair Value | [13],[16],[17] | 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17],[22] | 0 | |||
Cost | [2],[4],[16],[17],[22] | (34) | |||
Fair Value | [13],[16],[17],[22] | 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 1,131,579 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,132 | |||
Fair Value | [13],[17],[25] | 1,400 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 89,335 Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 89 | |||
Fair Value | [13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,132 | |||
Fair Value | [14],[18],[24] | 1,649 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 89 | |||
Fair Value | [14],[18],[24] | 130 | |||
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,500 | [28] | 6,500 | [15] | |
Cost | 6,399 | [2],[4],[28] | 6,377 | [9],[11],[15] | |
Fair Value | 6,500 | [13],[28] | 6,377 | [14],[15] | |
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,500 | [28] | 6,500 | [15] | |
Cost | 6,399 | [2],[4],[28] | 6,377 | [9],[11],[15] | |
Fair Value | 6,500 | [13],[28] | 6,377 | [14],[15] | |
Investment, Identifier [Axis]: CADMIUM, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,362 | 7,385 | |||
Cost | 7,314 | [2],[4] | 7,326 | [9],[11] | |
Fair Value | 7,317 | [13] | 7,134 | [14] | |
Investment, Identifier [Axis]: CADMIUM, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 615 | 615 | |||
Cost | 611 | [2],[4] | 611 | [9],[11] | |
Fair Value | 612 | [13] | 594 | [14] | |
Investment, Identifier [Axis]: CAMIN CARGO CONTROL, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,692 | ||||
Cost | [9],[11] | 5,652 | |||
Fair Value | [14] | 5,692 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25],[31] | 1,000 | |||
Fair Value | [6],[13],[17],[25],[31] | 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 500,000 Class B units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[22],[25],[31] | 500 | |||
Fair Value | [6],[13],[17],[22],[25],[31] | 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 1,658 | 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 714 | 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[23],[24],[32] | 0 | |||
Cost | [9],[11],[18],[23],[24],[32] | 500 | |||
Fair Value | [14],[18],[23],[24],[32] | 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,200 | [6] | 15,500 | ||
Cost | 15,011 | [2],[4],[6] | 15,265 | [9],[11] | |
Fair Value | 15,200 | [6],[13] | 15,500 | [14] | |
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [6],[22] | 0 | [23] | |
Cost | (45) | [2],[4],[6],[22] | (57) | [9],[11],[23] | |
Fair Value | 0 | [6],[13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: CATBIRD NYC, LLC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 0 | |||
Fair Value | [14],[18],[24] | 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,500 | ||||
Cost | [9],[11] | 6,372 | |||
Fair Value | [14] | 6,372 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 625 | |||
Fair Value | [14],[18],[24] | 625 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (19) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 0 | |||
Fair Value | [13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 690 | |||
Fair Value | [13],[17],[25] | 726 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,500 | ||||
Cost | [2],[4] | 6,387 | |||
Fair Value | [13] | 6,500 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (33) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, 1,568.70 Class Y Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,500 | ||||
Cost | [2],[4] | 5,393 | |||
Fair Value | [13] | 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,500 | ||||
Cost | [2],[4] | 5,393 | |||
Fair Value | [13] | 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (39) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, 2,620,670 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 1,224 | |||
Fair Value | [6],[13],[17],[25] | 1,360 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Capex Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 100 | [6],[22] | 100 | [23] | |
Cost | 92 | [2],[4],[6],[22] | 87 | [9],[11],[23] | |
Fair Value | 100 | [6],[13],[22] | 99 | [14],[23] | |
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 100 | ||||
Fair Value | 100 | 99 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,526 | [6] | 7,500 | ||
Cost | 7,477 | [2],[4],[6] | 7,427 | [9],[11] | |
Fair Value | 7,526 | [6],[13] | 7,402 | [14] | |
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [18],[24] | ||
Cost | [9],[11],[18],[24] | 976 | |||
Fair Value | 1,360 | 357 | [14],[18],[24] | ||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 300 | [6],[22] | 300 | [23] | |
Cost | 291 | [2],[4],[6],[22] | 287 | [9],[11],[23] | |
Fair Value | 300 | [6],[13],[22] | 296 | [14],[23] | |
Investment, Identifier [Axis]: CHANDLER SIGNS, LLC, Units of Class A-1 common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [18],[24] | ||
Cost | [9],[11],[18],[24] | 1,500 | |||
Fair Value | 0 | 3,215 | [14],[18],[24] | ||
Investment, Identifier [Axis]: CITYVET, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (47) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: CITYVET, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,000 | ||||
Cost | [2],[4] | 14,714 | |||
Fair Value | [13] | 14,985 | |||
Investment, Identifier [Axis]: CRAFTY APES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 16,051 | [26] | 15,000 | [27] | |
Cost | 15,974 | [2],[4],[26] | 14,911 | [9],[11],[27] | |
Fair Value | 15,216 | [13],[26] | 15,000 | [14],[27] | |
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17],[25] | 0 | |||
Fair Value | [13],[16],[17],[25] | 715 | |||
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17],[25] | 1,000 | |||
Fair Value | [13],[16],[17],[25] | 1,193 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17] | 3,000 | |||
Cost | [2],[4],[16],[17] | 2,943 | |||
Fair Value | [13],[16],[17] | 2,943 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17] | 5,100 | |||
Cost | [2],[4],[16],[17] | 5,005 | |||
Fair Value | [13],[16],[17] | 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17] | 5,100 | |||
Cost | [2],[4],[16],[17] | 5,005 | |||
Fair Value | [13],[16],[17] | 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [16],[17],[22] | 0 | |||
Cost | [2],[4],[16],[17],[22] | (54) | |||
Fair Value | [13],[16],[17],[22] | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 3,615 | |||
Fair Value | 0 | 0 | [14] | ||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+11.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Principal | [30] | 1,649 | |||
Cost | [9],[11],[30] | 1,649 | |||
Fair Value | [14],[30] | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+9.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Principal | [30] | 1,829 | |||
Cost | [9],[11],[30] | 1,829 | |||
Fair Value | [14],[30] | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Protective Advance | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 1,448 | [30] | ||
Cost | [9],[11],[30] | 1,448 | |||
Fair Value | 0 | 0 | [14],[30] | ||
Investment, Identifier [Axis]: DELPHI LENDER HOLDCO LLC, 254 Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 0 | |||
Fair Value | [13] | 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 2,500,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 0 | [2],[4],[6],[17],[25] | 0 | [9],[11],[18],[24] | |
Fair Value | 0 | [6],[13],[17],[25] | 0 | [14],[18],[24] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 250,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 250 | [2],[4],[6],[17],[25] | 250 | [9],[11],[18],[24] | |
Fair Value | 317 | [6],[13],[17],[25] | 625 | [14],[18],[24] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 255,984.22 Class C Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 0 | [2],[4],[6],[17],[25] | 0 | [9],[11],[18],[24] | |
Fair Value | 0 | [6],[13],[17],[25] | 0 | [14],[18],[24] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 5,435,211.03 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 2,218 | [2],[4],[6],[17],[25] | 2,218 | [9],[11],[18],[24] | |
Fair Value | 0 | [6],[13],[17],[25] | 2,218 | [14],[18],[24] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,141 | [6] | 3,846 | ||
Cost | 4,123 | [2],[4],[6] | 3,826 | [9],[11] | |
Fair Value | 4,140 | [6],[13] | 3,823 | [14] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,226 | [6] | 3,867 | ||
Cost | 4,203 | [2],[4],[6] | 3,844 | [9],[11] | |
Fair Value | 4,226 | [6],[13] | 3,843 | [14] | |
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 317 | 625 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class B Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 2,218 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,250 | ||||
Cost | [2],[4] | 10,947 | |||
Fair Value | [13] | 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,250 | ||||
Cost | [2],[4] | 10,948 | |||
Fair Value | [13] | 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (103) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: EVEREST TRANSPORTATION SYSTEMS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,219 | 8,566 | |||
Cost | 8,167 | [2],[4] | 8,498 | [9],[11] | |
Fair Value | 7,479 | [13] | 8,566 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, 615.156 Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 615 | |||
Fair Value | [13] | 945 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 615 | |||
Fair Value | [14] | 770 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,327 | 0 | [23] | ||
Cost | 2,282 | [2],[4] | (23) | [9],[11],[23] | |
Fair Value | 2,326 | [13] | 0 | [14],[23] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,751 | 9,450 | |||
Cost | 8,607 | [2],[4] | 9,271 | [9],[11] | |
Fair Value | 8,751 | [13] | 9,271 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,751 | 9,450 | |||
Cost | 8,607 | [2],[4] | 9,271 | [9],[11] | |
Fair Value | 8,751 | [13] | 9,271 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Promissory Note | |||||
Schedule of Investments [Line Items] | |||||
Principal | 385 | 385 | |||
Cost | 385 | [2],[4] | 385 | [9],[11] | |
Fair Value | 385 | [13] | 385 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (39) | [2],[4],[22] | (47) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, 2,446,170 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 2,892 | |||
Fair Value | [13],[17],[25],[31] | 9,181 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24],[32] | 0 | |||
Cost | [9],[11],[18],[24],[32] | 2,000 | |||
Fair Value | [14],[18],[24],[32] | 17,678 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,818 | ||||
Cost | [9],[11] | 2,777 | |||
Fair Value | [14] | 2,818 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 31,845 | ||||
Cost | [9],[11] | 31,214 | |||
Fair Value | [14] | 31,845 | |||
Investment, Identifier [Axis]: FM SYLVAN, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,850 | 11,963 | |||
Cost | 11,654 | [2],[4] | 11,737 | [9],[11] | |
Fair Value | 11,850 | [13] | 11,963 | [14] | |
Investment, Identifier [Axis]: FM SYLVAN, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | [22] | 2,000 | [23] | |
Cost | 4,846 | [2],[4],[22] | 1,816 | [9],[11],[23] | |
Fair Value | 5,000 | [13],[22] | 2,000 | [14],[23] | |
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 750 | [2],[4],[17],[25] | 750 | [9],[11],[18],[24] | |
Fair Value | 1,662 | [13],[17],[25] | 911 | [14],[18],[24] | |
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,030 | 7,030 | |||
Cost | 6,924 | [2],[4] | 6,908 | [9],[11] | |
Fair Value | 7,030 | [13] | 7,030 | [14] | |
Investment, Identifier [Axis]: FS VECTOR LLC, 1,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 1,000 | |||
Fair Value | [13],[17],[25],[31] | 1,000 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,000 | ||||
Cost | [2],[4] | 8,838 | |||
Fair Value | [13] | 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,000 | ||||
Cost | [2],[4] | 8,838 | |||
Fair Value | [13] | 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (34) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (162) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,125 | 7,500 | |||
Cost | 7,006 | [2],[4] | 7,357 | [9],[11] | |
Fair Value | 7,125 | [13] | 7,358 | [14] | |
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,125 | 7,500 | |||
Cost | 7,005 | [2],[4] | 7,356 | [9],[11] | |
Fair Value | 7,125 | [13] | 7,358 | [14] | |
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (40) | [2],[4],[22] | (47) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, 1,000,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 1,000 | |||
Fair Value | [6],[13],[17],[25] | 1,469 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,000 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,039 | [6],[20] | 6,150 | [21] | |
Cost | 5,933 | [2],[4],[6],[20] | 6,030 | [9],[11],[21] | |
Fair Value | 6,039 | [6],[13],[20] | 6,030 | [14],[21] | |
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [6],[22] | 0 | [23] | |
Cost | (49) | [2],[4],[6],[22] | (58) | [9],[11],[23] | |
Fair Value | 0 | [6],[13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: GPT Industries, LLC Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 1,469 | 1,000 | |||
Investment, Identifier [Axis]: GPT Industries, LLC First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,039 | ||||
Fair Value | 6,039 | 6,030 | |||
Investment, Identifier [Axis]: GPT Industries, LLC Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., 1,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,000 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., 360.06 Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 360 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 1,000 | |||
Fair Value | 0 | 0 | [14] | ||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 360 | |||
Fair Value | 0 | 372 | [14] | ||
Investment, Identifier [Axis]: GRAMMATECH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,000 | [6] | 10,031 | ||
Cost | 1,993 | [2],[4],[6] | 9,967 | [9],[11] | |
Fair Value | 2,000 | [6],[13] | 10,031 | [14] | |
Investment, Identifier [Axis]: GRAMMATECH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [6],[22] | 0 | [23] | |
Cost | (7) | [2],[4],[6],[22] | (14) | [9],[11],[23] | |
Fair Value | 0 | [6],[13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,500 | |||
Fair Value | [14],[18],[24] | 1,500 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,511 | ||||
Cost | [9],[11] | 4,376 | |||
Fair Value | [14] | 4,376 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Warrants | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 80 | |||
Fair Value | [14] | 80 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., 1,500,000 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,500 | |||
Fair Value | [13],[17],[25] | 1,565 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,051 | ||||
Cost | [2],[4] | 6,881 | |||
Fair Value | [13] | 6,966 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - February 10, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 80 | |||
Fair Value | [13] | 35 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - November 30, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 20 | |||
Fair Value | [13] | 20 | |||
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 301 | [22] | 303 | [23] | |
Cost | 286 | [2],[4],[22] | 286 | [9],[11],[23] | |
Fair Value | 295 | [13],[22] | 297 | [14],[23] | |
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,615 | 3,642 | |||
Cost | 3,554 | [2],[4] | 3,574 | [9],[11] | |
Fair Value | 3,546 | [13] | 3,573 | [14] | |
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 454 | [22] | 353 | [23] | |
Cost | 438 | [2],[4],[22] | 335 | [9],[11],[23] | |
Fair Value | 446 | [13],[22] | 347 | [14],[23] | |
Investment, Identifier [Axis]: HEAT TRAK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,500 | ||||
Cost | [2],[4] | 10,262 | |||
Fair Value | [13] | 11,270 | |||
Investment, Identifier [Axis]: HEAT TRAK, LLC, Warrants (Expiration - June 9, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,104 | |||
Fair Value | [13] | 1,104 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., 108,211.4 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 343 | |||
Fair Value | [13],[17],[25] | 323 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,996 | ||||
Cost | [2],[4] | 7,808 | |||
Fair Value | [13] | 7,356 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 719 | |||
Cost | [2],[4],[22] | 701 | |||
Fair Value | [13],[22] | 662 | |||
Investment, Identifier [Axis]: HYBRID APPAREL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,848 | [28] | 15,750 | [15] | |
Cost | 15,672 | [2],[4],[28] | 15,528 | [9],[11],[15] | |
Fair Value | 15,452 | [13],[28] | 13,120 | [14],[15] | |
Investment, Identifier [Axis]: I-45 SLF LLC | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[23],[32] | 0 | |||
Cost | 80,800 | [2],[4],[8],[17],[31] | 80,800 | [9],[11],[18],[23],[32] | |
Fair Value | 54,200 | [8],[13],[17],[31] | 51,256 | [14],[18],[23],[32] | |
Investment, Identifier [Axis]: I-45 SLF LLC, LLC equity interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 54,200 | 51,256 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 167 | |||
Fair Value | [13],[17],[25] | 167 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 833 | |||
Fair Value | [13],[17],[25] | 833 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (20) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | ||||
Cost | [2],[4] | 4,926 | |||
Fair Value | [13] | 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | ||||
Cost | [2],[4] | 4,926 | |||
Fair Value | [13] | 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (29) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, 1.68% LP interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[22],[25],[31] | 588 | |||
Fair Value | [13],[17],[22],[25],[31] | 1,121 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (16) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,265 | 7,653 | |||
Cost | 8,153 | [2],[4] | 7,537 | [9],[11] | |
Fair Value | 8,265 | [13] | 7,653 | [14] | |
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, LP interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[23],[24],[32] | 0 | |||
Cost | [9],[11],[18],[23],[24],[32] | 588 | |||
Fair Value | [14],[18],[23],[24],[32] | 944 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, 100,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,500 | ||||
Cost | [2],[4] | 7,356 | |||
Fair Value | [13] | 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,500 | ||||
Cost | [2],[4] | 7,355 | |||
Fair Value | [13] | 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (19) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 1,000,000 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 1,132 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 166,667 Series A-1 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 167 | |||
Fair Value | [13] | 678 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | 5,000 | |||
Cost | 4,940 | [2],[4] | 4,926 | [9],[11] | |
Fair Value | 5,000 | [13] | 5,000 | [14] | |
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (22) | [2],[4],[22] | (28) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 1,000 | |||
Fair Value | [14] | 1,000 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, 1,195,526 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,195 | |||
Fair Value | [13],[17],[25] | 2,271 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 25,000 | 9,000 | |||
Cost | 24,563 | [2],[4] | 8,823 | [9],[11] | |
Fair Value | 25,000 | [13] | 8,823 | [14] | |
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 750 | |||
Fair Value | [14],[18],[24] | 750 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 500 | [23] | |
Cost | (23) | [2],[4],[22] | 471 | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 471 | [14],[23] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, 9.25% Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25],[31] | 1,500 | |||
Fair Value | [6],[13],[17],[25],[31] | 2,374 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,500 | |||
Fair Value | [14],[18],[24] | 4,348 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A membership interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 2,374 | 4,348 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 1,058 | |||
Cost | [2],[4],[6],[22] | 1,034 | |||
Fair Value | 1,058 | [6],[13],[22] | 0 | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 1,058 | |||
Cost | [2],[4],[6],[22] | 1,034 | |||
Fair Value | 1,058 | [6],[13],[22] | 0 | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 3,271 | |||
Cost | [9],[11] | 3,259 | |||
Fair Value | 0 | 3,255 | [14] | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 129 | |||
Cost | [9],[11] | 129 | |||
Fair Value | 0 | 128 | [14] | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term B Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,966 | [6] | 5,057 | ||
Cost | 11,005 | [2],[4],[6] | 5,056 | [9],[11] | |
Fair Value | 12,966 | [6],[13] | 5,068 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,966 | [6] | 10,114 | ||
Cost | 11,013 | [2],[4],[6] | 10,139 | [9],[11] | |
Fair Value | 12,966 | [6],[13] | 10,114 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 10,114 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,966 | ||||
Fair Value | 12,966 | 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 5,068 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,966 | ||||
Fair Value | 12,966 | 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [6],[22] | 7,000 | ||
Cost | (61) | [2],[4],[6],[22] | 6,974 | [9],[11] | |
Fair Value | 0 | [6],[13],[22] | 7,014 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 7,014 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - June 21, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 3,791 | |||
Fair Value | [6],[13],[17],[25] | 3,869 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 538 | |||
Fair Value | [6],[13],[17],[25] | 4,005 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029)9,13 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 538 | |||
Fair Value | [14] | 4,046 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 4,005 | 4,046 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 3,869 | 0 | |||
Investment, Identifier [Axis]: JACKSON HEWITT TAX SERVICE, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,000 | ||||
Cost | [2],[4] | 9,856 | |||
Fair Value | [13] | 9,850 | |||
Investment, Identifier [Axis]: JVMC HOLDINGS CORP., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 1,855 | 6,132 | |||
Cost | 1,854 | [2],[4] | 6,117 | [9],[11] | |
Fair Value | 1,855 | [13] | 6,132 | [14] | |
Investment, Identifier [Axis]: KMS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [15],[23] | 2,228 | |||
Cost | [9],[11],[15],[23] | 2,174 | |||
Fair Value | [14],[15],[23] | 2,016 | |||
Investment, Identifier [Axis]: KMS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 17,856 | [28] | 15,800 | [15] | |
Cost | 17,711 | [2],[4],[28] | 15,681 | [9],[11],[15] | |
Fair Value | 15,892 | [13],[28] | 14,299 | [14],[15] | |
Investment, Identifier [Axis]: LASH OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,452 | 10,532 | |||
Cost | 10,269 | [2],[4] | 10,315 | [9],[11] | |
Fair Value | 10,243 | [13] | 10,110 | [14] | |
Investment, Identifier [Axis]: LASH OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 622 | [22] | 343 | [23] | |
Cost | 610 | [2],[4],[22] | 336 | [9],[11],[23] | |
Fair Value | 609 | [13],[22] | 330 | [14],[23] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, 142,278.89 units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,600 | |||
Fair Value | [13],[17],[25] | 4,037 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,279 | 2,501 | |||
Cost | 4,232 | [2],[4] | 2,491 | [9],[11] | |
Fair Value | 4,279 | [13] | 2,501 | [14] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | 11,477 | |||
Cost | 4,903 | [2],[4] | 11,436 | [9],[11] | |
Fair Value | 5,000 | [13] | 11,477 | [14] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,884 | ||||
Cost | [2],[4] | 4,843 | |||
Fair Value | [13] | 4,782 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,884 | ||||
Cost | [2],[4] | 4,843 | |||
Fair Value | [13] | 4,884 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (29) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,600 | |||
Fair Value | [14],[18],[24] | 1,692 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
Principal | 136 | [17],[25] | 113 | [18],[24] | |
Cost | 136 | [2],[4],[17],[25] | 113 | [9],[11],[18],[24] | |
Fair Value | 136 | [13],[17],[25] | 113 | [14],[18],[24] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,104 | ||||
Fair Value | 4,966 | 5,143 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,208 | ||||
Fair Value | 4,917 | 3,594 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 0 | [2],[4],[6],[17],[25] | 0 | [9],[11],[18],[24] | |
Fair Value | 0 | [6],[13],[17],[25] | 0 | [14],[18],[24] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,104 | [6] | 5,143 | ||
Cost | 5,104 | [2],[4],[6] | 5,143 | [9],[11] | |
Fair Value | 4,966 | [6],[13] | 5,143 | [14] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [6],[22] | 0 | [23] | |
Cost | 0 | [2],[4],[6],[22] | 0 | [9],[11],[23] | |
Fair Value | 0 | [6],[13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,208 | [6],[29] | 5,208 | [30] | |
Cost | 5,208 | [2],[4],[6],[29] | 5,208 | [9],[11],[30] | |
Fair Value | 4,917 | [6],[13],[29] | 3,594 | [14],[30] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | 0 | [2],[4],[6],[17],[25] | 0 | [9],[11],[18],[24] | |
Fair Value | 0 | [6],[13],[17],[25] | 0 | [14],[18],[24] | |
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, 0.88% LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 600 | |||
Fair Value | [13],[17],[25],[31] | 263 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 22,280 | 22,714 | |||
Cost | 21,948 | [2],[4] | 22,318 | [9],[11] | |
Fair Value | 21,166 | [13] | 22,305 | [14] | |
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 600 | |||
Fair Value | [14],[18],[24] | 416 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 556 | [22] | 0 | [23] | |
Cost | 530 | [2],[4],[22] | (31) | [9],[11],[23] | |
Fair Value | 528 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,457 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,500 | ||||
Cost | [2],[4] | 6,380 | |||
Fair Value | [13] | 6,500 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (35) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: LLFLEX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,795 | [28] | 10,835 | [15] | |
Cost | 10,650 | [2],[4],[28] | 10,656 | [9],[11],[15] | |
Fair Value | 9,176 | [13],[28] | 10,131 | [14],[15] | |
Investment, Identifier [Axis]: MAKO STEEL LP, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,777 | 7,879 | |||
Cost | 7,701 | [2],[4] | 7,778 | [9],[11] | |
Fair Value | 7,777 | [13] | 7,839 | [14] | |
Investment, Identifier [Axis]: MAKO STEEL LP, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 943 | [23] | |
Cost | (17) | [2],[4],[22] | 921 | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 939 | [14],[23] | |
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (35) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,750 | ||||
Cost | [2],[4] | 10,485 | |||
Fair Value | [13] | 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,750 | ||||
Cost | [2],[4] | 10,485 | |||
Fair Value | [13] | 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (92) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, 12,059,033 Series A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 0 | |||
Fair Value | [13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,735 | 12,344 | |||
Cost | 12,570 | [2],[4] | 12,150 | [9],[11] | |
Fair Value | 11,856 | [13] | 11,949 | [14] | |
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,866 | 2,759 | |||
Cost | 2,828 | [2],[4] | 2,715 | [9],[11] | |
Fair Value | 2,562 | [13] | 2,593 | [14] | |
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Series A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 0 | |||
Fair Value | [14],[18],[24] | 770 | |||
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,016 | 11,621 | |||
Cost | 9,866 | [2],[4] | 11,421 | [9],[11] | |
Fair Value | 10,016 | [13] | 11,505 | [14] | |
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (23) | [2],[4],[22] | (27) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 807 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,185 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 500 | |||
Fair Value | [13],[17],[25] | 403 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 21,800 | 21,800 | |||
Cost | 21,515 | [2],[4] | 21,457 | [9],[11] | |
Fair Value | 21,364 | [13] | 21,800 | [14] | |
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [23] | ||
Cost | (53) | [2],[4] | (67) | [9],[11],[23] | |
Fair Value | 0 | [13] | 0 | [14],[23] | |
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, 191,049.33 Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 2,000 | |||
Fair Value | [13],[17],[25],[31] | 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24],[32] | 0 | |||
Cost | [9],[11],[18],[24],[32] | 2,000 | |||
Fair Value | [14],[18],[24],[32] | 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,716 | 9,716 | |||
Cost | 9,591 | [2],[4] | 9,564 | [9],[11] | |
Fair Value | 9,259 | [13] | 9,550 | [14] | |
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,716 | 9,716 | |||
Cost | 9,590 | [2],[4] | 9,563 | [9],[11] | |
Fair Value | 9,259 | [13] | 9,550 | [14] | |
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,433 | ||||
Cost | [2],[4] | 7,355 | |||
Fair Value | [13] | 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,433 | ||||
Cost | [2],[4] | 7,355 | |||
Fair Value | [13] | 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,153 | ||||
Cost | [2],[4] | 5,048 | |||
Fair Value | [13] | 5,153 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan D | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,988 | ||||
Cost | [2],[4] | 12,682 | |||
Fair Value | [13] | 12,988 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,478 | ||||
Cost | [9],[11] | 7,375 | |||
Fair Value | [14] | 7,104 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,478 | ||||
Cost | [9],[11] | 7,375 | |||
Fair Value | [14] | 6,356 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,176 | ||||
Cost | [9],[11] | 3,097 | |||
Fair Value | [14] | 3,097 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | 4,400 | |||
Cost | 4,951 | [2],[4] | 4,338 | [9],[11] | |
Fair Value | 5,000 | [13] | 4,180 | [14] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (24) | [2],[4],[22] | (28) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 13,000 | 13,000 | |||
Cost | 12,780 | [2],[4] | 12,750 | [9],[11] | |
Fair Value | 13,000 | [13] | 12,753 | [14] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 500 | [22] | 0 | [23] | |
Cost | 436 | [2],[4],[22] | (76) | [9],[11],[23] | |
Fair Value | 500 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (28) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 29,586 | 23,150 | |||
Cost | 29,206 | [2],[4] | 22,864 | [9],[11] | |
Fair Value | 29,586 | [13] | 23,150 | [14] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24],[32] | 0 | |||
Cost | 2,000 | [2],[4],[17],[25],[31] | 2,000 | [9],[11],[18],[24],[32] | |
Fair Value | 16,536 | [13],[17],[25],[31] | 11,138 | [14],[18],[24],[32] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (3) | [2],[4],[22] | (3) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,688 | ||||
Cost | [9],[11] | 12,519 | |||
Fair Value | [14] | 12,510 | |||
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 1,020 | |||
Cost | [9],[11],[23] | 997 | |||
Fair Value | [14],[23] | 1,006 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC , Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (7) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,661 | 9,052 | |||
Cost | 8,596 | [2],[4] | 8,970 | [9],[11] | |
Fair Value | 8,661 | [13] | 9,052 | [14] | |
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (6) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,000 | 3,000 | |||
Cost | 2,782 | [2],[4] | 2,755 | [9],[11] | |
Fair Value | 3,000 | [13] | 3,000 | [14] | |
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Warrants (Expiration - August 19, 2029) | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | 207 | [2],[4] | 207 | [9],[11] | |
Fair Value | 778 | [13] | 399 | [14] | |
Investment, Identifier [Axis]: OUTERBOX, LLC, 6,308.2584 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 631 | |||
Fair Value | [6],[13],[17],[25] | 581 | |||
Investment, Identifier [Axis]: OUTERBOX, LLC, Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [18],[24] | ||
Cost | [9],[11],[18],[24] | 631 | |||
Fair Value | 581 | 773 | [14],[18],[24] | ||
Investment, Identifier [Axis]: OUTERBOX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 14,625 | [6] | 14,625 | ||
Cost | 14,458 | [2],[4],[6] | 14,428 | [9],[11] | |
Fair Value | 14,523 | [6],[13] | 14,552 | [14] | |
Investment, Identifier [Axis]: OUTERBOX, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | [23] | ||
Cost | [9],[11],[23] | (25) | |||
Fair Value | 0 | 0 | [14],[23] | ||
Investment, Identifier [Axis]: OUTERBOX, LLC6, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 0 | |||
Cost | [2],[4],[6],[22] | (21) | |||
Fair Value | [6],[13],[22] | 0 | |||
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,250 | [16],[17] | 9,750 | [18] | |
Cost | 9,106 | [2],[4],[16],[17] | 9,574 | [9],[11],[18] | |
Fair Value | 9,250 | [13],[16],[17] | 9,565 | [14],[18] | |
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 1,056 | [16],[17],[22] | 500 | [18],[23] | |
Cost | 1,007 | [2],[4],[16],[17],[22] | 441 | [9],[11],[18],[23] | |
Fair Value | 1,056 | [13],[16],[17],[22] | 490 | [14],[18],[23] | |
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., 10,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 1,000 | |||
Fair Value | [6],[13],[17],[25] | 1,000 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 0 | |||
Cost | [2],[4],[6],[22] | (83) | |||
Fair Value | [6],[13],[22] | 0 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6] | 5,000 | |||
Cost | [2],[4],[6] | 4,900 | |||
Fair Value | [6],[13] | 4,900 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[22] | 0 | |||
Cost | [2],[4],[6],[22] | (20) | |||
Fair Value | [6],[13],[22] | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 1,000 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,000 | ||||
Fair Value | 4,900 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: RESEARCH NOW GROUP, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 10,500 | 10,500 | |||
Cost | 10,245 | [2],[4] | 10,163 | [9],[11] | |
Fair Value | 3,675 | [13] | 6,431 | [14] | |
Investment, Identifier [Axis]: ROOF OPCO, LLC, 250,000 Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 250 | |||
Fair Value | [13],[17],[25] | 262 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, 535,714.29 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 750 | |||
Fair Value | [13],[17],[25] | 775 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 750 | |||
Fair Value | [14],[18],[24] | 750 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 21,633 | ||||
Cost | [9],[11] | 21,267 | |||
Fair Value | [14] | 21,071 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 13,261 | ||||
Cost | [2],[4] | 13,060 | |||
Fair Value | [13] | 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 13,261 | ||||
Cost | [2],[4] | 13,060 | |||
Fair Value | [13] | 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (32) | [2],[4],[22] | (42) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 1,100 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 66 | |||
Fair Value | [6],[13] | 191 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 16,084 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,517 | |||
Fair Value | [6],[13] | 867 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 3,364 Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 202 | |||
Fair Value | [6],[13] | 787 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 1,517 | |||
Fair Value | 867 | 422 | [14] | ||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 66 | |||
Fair Value | [14] | 161 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 202 | |||
Fair Value | 787 | 694 | [14] | ||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 14,942 | [6] | 15,051 | ||
Cost | 14,918 | [2],[4],[6] | 15,008 | [9],[11] | |
Fair Value | 14,942 | [6],[13] | 14,524 | [14] | |
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 300 | [6],[22] | 575 | [23] | |
Cost | 300 | [2],[4],[6],[22] | 566 | [9],[11],[23] | |
Fair Value | 300 | [6],[13],[22] | 555 | [14],[23] | |
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,959 | 6,166 | |||
Cost | 5,929 | [2],[4] | 6,123 | [9],[11] | |
Fair Value | 5,780 | [13] | 5,364 | [14] | |
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 219 | [22] | 822 | [23] | |
Cost | 213 | [2],[4],[22] | 813 | [9],[11],[23] | |
Fair Value | 212 | [13],[22] | 715 | [14],[23] | |
Investment, Identifier [Axis]: Roseland Management, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 191 | 161 | |||
Investment, Identifier [Axis]: SCRIP INC., 100 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 751 | |||
Investment, Identifier [Axis]: SCRIP INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 16,624 | 16,750 | [27] | ||
Cost | 16,541 | [2],[4] | 16,634 | [9],[11],[27] | |
Fair Value | 16,458 | [13] | 15,594 | [14],[27] | |
Investment, Identifier [Axis]: SCRIP INC., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 1,000 | |||
Fair Value | [14] | 751 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 1,200,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17],[31] | 603 | |||
Fair Value | [13],[16],[17],[31] | 622 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 40,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[16],[17] | 33 | |||
Fair Value | [13],[16],[17] | 1,461 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18] | 0 | |||
Cost | [9],[11],[18] | 33 | |||
Fair Value | [14],[18] | 85 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18] | 0 | |||
Cost | [9],[11],[18] | 978 | |||
Fair Value | [14],[18] | 2,558 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18] | 13,643 | |||
Cost | [9],[11],[18] | 13,462 | |||
Fair Value | [14],[18] | 13,643 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[23] | 0 | |||
Cost | [9],[11],[18],[23] | (30) | |||
Fair Value | [14],[18],[23] | 0 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 500 | |||
Fair Value | [14],[18],[24] | 411 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,382 | ||||
Cost | [9],[11] | 11,235 | |||
Fair Value | [14] | 11,040 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 702 | ||||
Cost | [9],[11] | 694 | |||
Fair Value | [14] | 681 | |||
Investment, Identifier [Axis]: SONOBI, INC., 500,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 500 | |||
Fair Value | [6],[13],[17],[25] | 2,302 | |||
Investment, Identifier [Axis]: SONOBI, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 500 | |||
Fair Value | [14],[18],[24] | 1,749 | |||
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,123 | 17,839 | |||
Cost | 14,929 | [2],[4] | 17,560 | [9],[11] | |
Fair Value | 14,911 | [13] | 17,839 | [14] | |
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 194 | [22] | 0 | [23] | |
Cost | 171 | [2],[4],[22] | (28) | [9],[11],[23] | |
Fair Value | 191 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, 1,074,786 Common units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,075 | |||
Fair Value | [13],[17],[25] | 810 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,000 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 22,244 | 22,358 | |||
Cost | 22,114 | [2],[4] | 22,020 | [9],[11] | |
Fair Value | 20,910 | [13] | 21,934 | [14] | |
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, 750 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 750 | |||
Fair Value | [13],[17],[25],[31] | 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24],[32] | 0 | |||
Cost | [9],[11],[18],[24],[32] | 750 | |||
Fair Value | [14],[18],[24],[32] | 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 6,656 | 7,481 | |||
Cost | 6,578 | [2],[4] | 7,370 | [9],[11] | |
Fair Value | 6,656 | [13] | 7,481 | [14] | |
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (22) | [2],[4],[22] | (28) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: STATINMED, LLC, 39,097.96 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 1,400 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, 4,718.62 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 4,838 | |||
Fair Value | [6],[13] | 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 4,838 | |||
Fair Value | 0 | 3,767 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC, Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | 0 | |||
Cost | [9],[11] | 1,400 | |||
Fair Value | 0 | 0 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 122 | ||||
Cost | [9],[11] | 122 | |||
Fair Value | [14] | 122 | |||
Investment, Identifier [Axis]: STATINMED, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 7,560 | 7,288 | |||
Cost | [9],[11] | 7,288 | |||
Fair Value | 6,129 | 7,288 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC6, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6],[29] | 7,560 | |||
Cost | [2],[4],[6],[29] | 7,560 | |||
Fair Value | [6],[13],[29] | 6,129 | |||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 122 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 5,845 | |||
Fair Value | [14] | 5,845 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | [6] | 9,644 | |||
Cost | [2],[4],[6] | 9,503 | |||
Fair Value | [6],[13] | 8,487 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6] | 5,845 | |||
Fair Value | [6],[13] | 2,659 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 2,000,000.00 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[6],[17],[25] | 0 | |||
Fair Value | [6],[13],[17],[25] | 0 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,889 | ||||
Cost | [9],[11] | 8,727 | |||
Fair Value | [14] | 8,720 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 0 | |||
Fair Value | [14],[18],[24] | 0 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,000 | ||||
Cost | [2],[4] | 7,846 | |||
Fair Value | [13] | 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,000 | ||||
Cost | [2],[4] | 7,846 | |||
Fair Value | [13] | 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [22] | 0 | |||
Cost | [2],[4],[22] | (28) | |||
Fair Value | [13],[22] | 0 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,000 | ||||
Cost | [9],[11] | 8,886 | |||
Fair Value | [14] | 9,000 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 8,440 | ||||
Cost | [2],[4] | 8,364 | |||
Fair Value | [13] | 8,364 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 1,000 | [22] | 1,600 | [23] | |
Cost | 984 | [2],[4],[22] | 1,576 | [9],[11],[23] | |
Fair Value | 991 | [13],[22] | 1,600 | [14],[23] | |
Investment, Identifier [Axis]: Sonobi, Inc., Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 2,302 | 1,749 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,644 | ||||
Fair Value | 8,487 | 8,720 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 2,659 | 5,845 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Fair Value | 0 | 0 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, 1,500,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25],[31] | 1,500 | |||
Fair Value | [13],[17],[25],[31] | 12,750 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,500 | |||
Fair Value | [14],[18],[24] | 7,833 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 17,447 | 17,655 | |||
Cost | 17,201 | [2],[4] | 17,355 | [9],[11] | |
Fair Value | 17,430 | [13] | 17,655 | [14] | |
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), 896.43 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,205 | |||
Fair Value | [13],[17],[25] | 856 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Class A units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24],[32] | 0 | |||
Cost | [9],[11],[18],[24],[32] | 1,205 | |||
Fair Value | [14],[18],[24],[32] | 1,509 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 5,700 | [28] | 5,775 | [15] | |
Cost | 5,665 | [2],[4],[28] | 5,727 | [9],[11],[15] | |
Fair Value | 5,700 | [13],[28] | 5,775 | [14],[15] | |
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
Principal | 75 | [17],[25] | 92 | [18],[24] | |
Cost | 75 | [2],[4],[17],[25] | 92 | [9],[11],[18],[24] | |
Fair Value | 75 | [13],[17],[25] | 92 | [14],[18],[24] | |
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 1,000,000 Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,000 | |||
Fair Value | [13],[17],[25] | 1,137 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,465.87 Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 211 | |||
Fair Value | [13],[17],[25] | 227 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,862.61 Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 212 | |||
Fair Value | [13],[17],[25] | 231 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,000 | |||
Fair Value | [14],[18],[24] | 1,354 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 212 | |||
Fair Value | [14],[18],[24] | 278 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 211 | |||
Fair Value | [14],[18],[24] | 275 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,800 | 16,800 | |||
Cost | 15,575 | [2],[4] | 16,540 | [9],[11] | |
Fair Value | 15,800 | [13] | 16,800 | [14] | |
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,498 | ||||
Cost | [9],[11] | 11,367 | |||
Fair Value | [14] | 11,498 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 11,410 | ||||
Cost | [2],[4] | 11,306 | |||
Fair Value | [13] | 11,410 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal | 1,664 | ||||
Cost | [2],[4] | 1,632 | |||
Fair Value | [13] | 1,664 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,400 | ||||
Cost | [9],[11] | 2,332 | |||
Fair Value | [14] | 2,357 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,200 | 13,500 | |||
Cost | 11,979 | [2],[4] | 13,256 | [9],[11] | |
Fair Value | 12,200 | [13] | 13,257 | [14] | |
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,200 | ||||
Cost | [2],[4] | 11,979 | |||
Fair Value | [13] | 12,200 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | ||
Cost | (36) | [2],[4],[22] | (44) | [9],[11] | |
Fair Value | 0 | [13],[22] | 0 | [14] | |
Investment, Identifier [Axis]: VISTAR MEDIA INC., 171,617 shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,874 | |||
Fair Value | [13],[17],[25] | 8,264 | |||
Investment, Identifier [Axis]: VISTAR MEDIA INC., Shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,874 | |||
Fair Value | [14],[18],[24] | 9,054 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., 1,597,707 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4],[17],[25] | 1,598 | |||
Fair Value | [13],[17],[25] | 2,972 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Principal | [18],[24] | 0 | |||
Cost | [9],[11],[18],[24] | 1,598 | |||
Fair Value | [14],[18],[24] | 2,694 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., 1,000,000 Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Cost | [2],[4] | 1,000 | |||
Fair Value | [13] | 2,012 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | ||||
Cost | [9],[11] | 1,000 | |||
Fair Value | [14] | 1,205 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 9,308 | 10,588 | |||
Cost | 9,201 | [2],[4] | 10,436 | [9],[11] | |
Fair Value | 9,308 | [13] | 10,588 | [14] | |
Investment, Identifier [Axis]: WALL STREET PREP, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (10) | [2],[4],[22] | (13) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: WELL-FOAM, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 12,586 | 17,730 | |||
Cost | 12,434 | [2],[4] | 17,466 | [9],[11] | |
Fair Value | 12,586 | [13] | 17,730 | [14] | |
Investment, Identifier [Axis]: WELL-FOAM, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 0 | [22] | 0 | [23] | |
Cost | (50) | [2],[4],[22] | (64) | [9],[11],[23] | |
Fair Value | 0 | [13],[22] | 0 | [14],[23] | |
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | [23] | 0 | |||
Cost | [9],[11],[23] | (32) | |||
Fair Value | [14],[23] | 0 | |||
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 22,734 | 20,000 | |||
Cost | 22,431 | [2],[4] | 19,693 | [9],[11] | |
Fair Value | 22,552 | [13] | 20,000 | [14] | |
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 4,444 | 0 | [23] | ||
Cost | 4,393 | [2],[4] | (65) | [9],[11],[23] | |
Fair Value | 4,409 | [13] | 0 | [14],[23] | |
Investment, Identifier [Axis]: ZENFOLIO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal | 18,792 | 18,913 | |||
Cost | 18,685 | [2],[4] | 18,762 | [9],[11] | |
Fair Value | 18,604 | [13] | 18,478 | [14] | |
Investment, Identifier [Axis]: ZENFOLIO INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal | 2,000 | 2,000 | |||
Cost | 1,996 | [2],[4] | 1,994 | [9],[11] | |
Fair Value | 1,980 | [13] | 1,954 | [14] | |
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Principal | 15,708 | 15,840 | |||
Cost | 15,539 | [2],[4] | 15,611 | [9],[11] | |
Fair Value | 15,645 | [13] | 15,634 | [14] | |
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Principal | 3,937 | 3,970 | |||
Cost | 3,897 | [2],[4] | 3,914 | [9],[11] | |
Fair Value | $ 3,922 | [13] | $ 3,919 | [14] | |
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. As of December 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $86.8 million; cumulative gross unrealized depreciation for federal income tax purposes was $72.0 million. Cumulative net unrealized appreciation was $14.8 million, based on a tax cost of $1,350.2 million. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. As of March 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $72.3 million; cumulative gross unrealized depreciation for federal income tax purposes was $76.8 million. Cumulative net unrealized depreciation was $4.5 million, based on a tax cost of $1,210.8 million. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. Portfolio company headquarters are located outside of the United States. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of December 31, 2023, approximately 14.5% of the Company's total assets (at fair value) were non-qualifying assets. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of March 31, 2023, approximately 13.9% of the Company's assets were non-qualifying assets. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At March 31, 2023, approximately 15.6% of the Company’s investment assets were affiliate investments. The fair value of these investments as a percent of net assets is 31.9%. The investment is structured as a first lien first out term loan. The investment is structured as a first lien first out term loan. The investment has an unfunded commitment as of December 31, 2023. Refer to Note 10 - Commitments and Contingencies for further discussion. The investment has an unfunded commitment as of March 31, 2023. Refer to Note 11 - Commitments and Contingencies to our audited consolidated financial statements for further discussion. Investment is held through a wholly-owned taxable subsidiary. Investment is held through a wholly-owned taxable subsidiary. The investment is structured as a first lien last out term loan. The investment is structured as a first lien last out term loan. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. Investment is on non-accrual status as of December 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Investment is on non-accrual status as of March 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Income producing through dividends or distributions. Income producing through dividends or distributions. |
CONSOLIDATED SCHEDULE OF INVE_2
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 | |||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 189.33% | [1],[2],[3],[4],[5],[6] | 204.30% | ||
Cost | $ 1,369,906 | [1],[2],[3],[4],[5],[6],[7],[8] | $ 1,220,152 | [9],[10],[11],[12] | |
Investments at fair value | $ 1,365,037 | [1],[2],[3],[4],[5],[6],[13] | $ 1,206,388 | [10],[12],[14] | |
Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 163.91% | |||
Cost | [7],[8] | $ 1,198,537 | |||
Investments at fair value | [13] | $ 1,181,737 | |||
Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 17.91% | |||
Cost | [7],[8] | $ 90,569 | |||
Investments at fair value | [13] | $ 129,100 | |||
Aerospace & Defense | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 3.10% | 1% | |||
Cost | $ 21,792 | $ 5,898 | |||
Investments at fair value | $ 22,500 | $ 6,000 | |||
Aerospace & Defense | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 3.12% | |||
Cost | [7],[8] | $ 21,792 | |||
Investments at fair value | [13] | $ 22,500 | |||
Business Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 20.50% | 24.90% | |||
Cost | $ 155,291 | $ 147,056 | |||
Investments at fair value | $ 148,002 | $ 146,727 | |||
Business Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 19.99% | |||
Cost | [7],[8] | $ 149,650 | |||
Investments at fair value | [13] | $ 144,118 | |||
Business Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.54% | |||
Cost | [7],[8] | $ 5,641 | |||
Investments at fair value | [13] | $ 3,884 | |||
Consumer Products and Retail | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 11.90% | 14.60% | |||
Cost | $ 83,561 | $ 86,607 | |||
Investments at fair value | $ 85,638 | $ 86,385 | |||
Consumer Products and Retail | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 10.80% | |||
Cost | [7],[8] | $ 76,821 | |||
Investments at fair value | [13] | $ 77,878 | |||
Consumer Products and Retail | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.08% | |||
Cost | [7],[8] | $ 6,740 | |||
Investments at fair value | [13] | $ 7,760 | |||
Consumer Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 13.90% | 15.60% | |||
Cost | $ 99,903 | $ 91,142 | |||
Investments at fair value | $ 100,527 | $ 91,913 | |||
Consumer Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 13% | |||
Cost | [7],[8] | $ 94,559 | |||
Investments at fair value | [13] | $ 93,741 | |||
Consumer Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.94% | |||
Cost | [7],[8] | $ 5,344 | |||
Investments at fair value | [13] | $ 6,786 | |||
Containers & Packaging | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 1.30% | 1.70% | |||
Cost | $ 10,650 | $ 10,656 | |||
Investments at fair value | $ 9,176 | $ 10,131 | |||
Containers & Packaging | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.27% | |||
Cost | [7],[8] | $ 10,650 | |||
Investments at fair value | [13] | $ 9,176 | |||
Distribution | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.30% | 2.80% | |||
Cost | $ 18,611 | $ 18,755 | |||
Investments at fair value | $ 16,490 | $ 16,315 | |||
Distribution | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.20% | |||
Cost | [7],[8] | $ 17,711 | |||
Investments at fair value | [13] | $ 15,892 | |||
Distribution | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.08% | |||
Cost | [7],[8] | $ 900 | |||
Investments at fair value | [13] | $ 598 | |||
Education | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 3.10% | 4.50% | |||
Cost | $ 25,539 | $ 25,995 | |||
Investments at fair value | $ 22,466 | $ 26,357 | |||
Education | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.47% | |||
Cost | [7],[8] | $ 18,694 | |||
Investments at fair value | [13] | $ 17,795 | |||
Education | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.65% | |||
Cost | [7],[8] | $ 6,845 | |||
Investments at fair value | [13] | $ 4,671 | |||
Energy Services (Midstream) | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.10% | 3.90% | |||
Cost | $ 15,223 | $ 23,337 | |||
Investments at fair value | $ 15,313 | $ 22,829 | |||
Energy Services (Midstream) | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.12% | |||
Cost | [7],[8] | $ 15,223 | |||
Investments at fair value | [13] | $ 15,313 | |||
Energy Services (Upstream) | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 1.80% | 3% | |||
Cost | $ 12,384 | $ 17,402 | |||
Investments at fair value | $ 12,586 | $ 17,730 | |||
Energy Services (Upstream) | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.75% | |||
Cost | [7],[8] | $ 12,384 | |||
Investments at fair value | [13] | $ 12,586 | |||
Environmental Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 6.10% | 5% | |||
Cost | $ 43,153 | $ 34,869 | |||
Investments at fair value | $ 44,165 | $ 29,753 | |||
Environmental Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 5.37% | |||
Cost | [7],[8] | $ 38,688 | |||
Investments at fair value | [13] | $ 38,719 | |||
Environmental Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.76% | |||
Cost | [7],[8] | $ 4,465 | |||
Investments at fair value | [13] | $ 5,446 | |||
Financial services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 8% | 6.80% | |||
Cost | $ 42,913 | $ 30,950 | |||
Investments at fair value | $ 57,827 | $ 40,420 | |||
Financial services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 5.73% | |||
Cost | [7],[8] | $ 40,913 | |||
Investments at fair value | [13] | $ 41,291 | |||
Financial services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.29% | |||
Cost | [7],[8] | $ 2,000 | |||
Investments at fair value | [13] | $ 16,536 | |||
Food, Agriculture & Beverage | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 12.40% | 11.70% | |||
Cost | $ 97,909 | $ 73,223 | |||
Investments at fair value | $ 89,397 | $ 68,833 | |||
Food, Agriculture & Beverage | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 11.86% | |||
Cost | [7],[8] | $ 91,659 | |||
Investments at fair value | [13] | $ 85,525 | |||
Food, Agriculture & Beverage | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.54% | |||
Cost | [7],[8] | $ 6,250 | |||
Investments at fair value | [13] | $ 3,872 | |||
Healthcare Products | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 11.20% | 11.20% | |||
Cost | $ 78,335 | $ 67,555 | |||
Investments at fair value | $ 80,257 | $ 66,355 | |||
Healthcare Products | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 10.23% | |||
Cost | [7],[8] | $ 74,135 | |||
Investments at fair value | [13] | $ 73,749 | |||
Healthcare Products | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.90% | |||
Cost | [7],[8] | $ 4,200 | |||
Investments at fair value | [13] | $ 6,508 | |||
Healthcare Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 27.90% | 21.50% | |||
Cost | $ 211,005 | $ 143,455 | |||
Investments at fair value | $ 201,462 | $ 126,971 | |||
Healthcare Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 26.52% | |||
Cost | [7],[8] | $ 192,434 | |||
Investments at fair value | [13] | $ 191,176 | |||
Healthcare Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.43% | |||
Cost | [7],[8] | $ 18,571 | |||
Investments at fair value | [13] | $ 10,286 | |||
Industrial Products | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 7.30% | 5.50% | |||
Cost | $ 39,484 | $ 25,827 | |||
Investments at fair value | $ 52,545 | $ 32,518 | |||
Industrial Products | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 5.05% | |||
Cost | [7],[8] | $ 35,984 | |||
Investments at fair value | [13] | $ 36,418 | |||
Industrial Products | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.24% | |||
Cost | [7],[8] | $ 3,500 | |||
Investments at fair value | [13] | $ 16,127 | |||
Industrial Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 4.20% | 4.30% | |||
Cost | $ 29,438 | $ 24,920 | |||
Investments at fair value | $ 29,924 | $ 25,460 | |||
Industrial Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 4.15% | |||
Cost | [7],[8] | $ 29,438 | |||
Investments at fair value | [13] | $ 29,924 | |||
Media & Marketing | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 23.90% | 25.30% | |||
Cost | $ 168,006 | $ 139,750 | |||
Investments at fair value | $ 172,578 | $ 149,357 | |||
Media & Marketing | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 21.50% | |||
Cost | [7],[8] | $ 159,765 | |||
Investments at fair value | [13] | $ 155,039 | |||
Media & Marketing | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.43% | |||
Cost | [7],[8] | $ 8,241 | |||
Investments at fair value | [13] | $ 17,539 | |||
Restaurants | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.20% | ||||
Cost | $ 15,664 | ||||
Investments at fair value | $ 15,680 | ||||
Restaurants | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.17% | |||
Cost | [7],[8] | $ 15,664 | |||
Investments at fair value | [13] | $ 15,680 | |||
Software & IT Services | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 4.60% | 8.10% | |||
Cost | $ 32,186 | $ 47,563 | |||
Investments at fair value | $ 33,211 | $ 47,641 | |||
Software & IT Services | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 3.80% | |||
Cost | [7],[8] | $ 27,062 | |||
Investments at fair value | [13] | $ 27,429 | |||
Software & IT Services | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.80% | |||
Cost | [7],[8] | $ 5,125 | |||
Investments at fair value | [13] | $ 5,782 | |||
Specialty Chemicals | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.10% | 3% | |||
Cost | $ 15,100 | $ 17,531 | |||
Investments at fair value | $ 15,102 | $ 17,839 | |||
Specialty Chemicals | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2.09% | |||
Cost | [7],[8] | $ 15,100 | |||
Investments at fair value | [13] | $ 15,102 | |||
Technology Products & Components | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.20% | 10.10% | |||
Cost | $ 9,838 | $ 43,016 | |||
Investments at fair value | $ 15,812 | $ 59,718 | |||
Technology Products & Components | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.80% | |||
Cost | [7],[8] | $ 5,740 | |||
Investments at fair value | [13] | $ 5,775 | |||
Technology Products & Components | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.39% | |||
Cost | [7],[8] | $ 4,097 | |||
Investments at fair value | [13] | $ 10,037 | |||
Telecommunications | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 2.20% | 2.90% | |||
Cost | $ 16,619 | $ 21,796 | |||
Investments at fair value | $ 15,818 | $ 17,386 | |||
Telecommunications | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 2% | |||
Cost | [7],[8] | $ 15,398 | |||
Investments at fair value | [13] | $ 14,418 | |||
Telecommunications | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 0.19% | |||
Cost | [7],[8] | $ 1,221 | |||
Investments at fair value | [13] | $ 1,400 | |||
Transportation & Logistics | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | 7.50% | 8.20% | |||
Cost | $ 46,502 | $ 42,049 | |||
Investments at fair value | $ 54,361 | $ 48,494 | |||
Transportation & Logistics | Debt Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 5.89% | |||
Cost | [7],[8] | $ 39,073 | |||
Investments at fair value | [13] | $ 42,493 | |||
Transportation & Logistics | Equity Investments | |||||
Schedule of Investments [Line Items] | |||||
Percentage of Net Assets at Fair Value | [1],[2],[3],[4],[5],[6] | 1.65% | |||
Cost | [7],[8] | $ 7,429 | |||
Investments at fair value | [13] | $ 11,868 | |||
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [15],[16] | 6.50% | [17],[18] | |
Floor | 1% | [15],[16] | 1% | [17],[18] | |
PIK | [15],[16] | 3% | |||
Investment interest rate | 14.98% | [15],[16] | 11.55% | [17],[18] | |
Cost | $ 22,589 | [7],[8],[15] | $ 24,674 | [9],[11],[17] | |
Investments at fair value | $ 18,272 | [13],[15] | $ 23,125 | [14],[17] | |
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.98% | [16] | 11.55% | [18] | |
Cost | $ 3,278 | [7],[8] | $ 3,209 | [9],[11] | |
Investments at fair value | $ 2,650 | [13] | $ 3,006 | [14] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., 374,543 shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 374,543 | |||
Cost | [7],[8] | $ 1,785 | |||
Investments at fair value | [13] | $ 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
PIK | 18% | [16],[20] | 18% | [18],[21] | |
Cost | $ 349 | [7],[8],[20] | $ 270 | [9],[11],[21] | |
Investments at fair value | $ 348 | [13],[20] | $ 264 | [14],[21] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
PIK | 18% | [16] | 18% | [18] | |
Cost | $ 11,679 | [7],[8] | $ 10,199 | [9],[11] | |
Investments at fair value | 11,550 | [13] | $ 9,842 | [14] | |
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 374,543 | |||
Cost | [9],[11] | $ 1,785 | |||
Investments at fair value | [14] | 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Warrants (Expiration - December 11, 2025) | |||||
Schedule of Investments [Line Items] | |||||
Cost | 2,198 | [7],[8] | 2,198 | [9],[11] | |
Investments at fair value | $ 881 | [13] | $ 881 | [14] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, 1,000,000 Class B-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | [19],[23],[24] | 1,000,000 | [22],[25],[26] | |
Cost | $ 1,000 | [7],[8],[23],[24] | $ 1,000 | [9],[11],[25],[26] | |
Investments at fair value | $ 1,000 | [13],[23],[24] | $ 1,000 | [14],[25],[26] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18],[21] | |
Floor | 1% | [16] | 1% | [18],[21] | |
Investment interest rate | 12.16% | [16] | 11.43% | [18],[21] | |
Cost | $ 7,347 | [7],[8] | $ 7,332 | [9],[11],[21] | |
Investments at fair value | $ 7,500 | [13] | $ 7,380 | [14],[21] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.16% | [16] | 11.35% | [18] | |
Cost | $ 4,917 | [7],[8] | $ 4,905 | [9],[11] | |
Investments at fair value | $ 5,000 | [13] | $ 4,920 | [14] | |
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Revolver Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16],[20] | 6.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (31) | [7],[8],[20] | $ (37) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,019 | |||
Cost | [9],[11],[25],[26] | $ 14 | |||
Investments at fair value | [14],[25],[26] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,019 | |||
Cost | [7],[8],[23],[24] | $ 14 | |||
Investments at fair value | [13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,019 | |||
Cost | [7],[8],[23],[24] | $ 1,019 | |||
Investments at fair value | [13],[23],[24] | $ 1,063 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.12% | [16],[27] | 8.15% | [18],[28] | |
Floor | 1% | [16],[27] | 1% | [18],[28] | |
Investment interest rate | 13.66% | [16],[27],[29] | 12.90% | [18],[28] | |
Cost | $ 19,252 | [7],[8],[27] | $ 19,162 | [9],[11],[28] | |
Investments at fair value | $ 19,452 | [13],[27] | $ 19,550 | [14],[28] | |
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,019 | |||
Cost | [9],[11],[25],[26] | $ 1,019 | |||
Investments at fair value | [14],[25],[26] | $ 1,223 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 1,611.22 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,611.22 | |||
Cost | [7],[8],[23],[24] | $ 107 | |||
Investments at fair value | [13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 13,451.22 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 13,451.22 | |||
Cost | [7],[8],[23],[24] | $ 893 | |||
Investments at fair value | [13],[23],[24] | $ 1,263 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,611.22 | |||
Cost | [9],[11],[25],[26] | $ 107 | |||
Investments at fair value | [14],[25],[26] | $ 165 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 8.50% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (42) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.16% | [16] | 12.35% | [18] | |
Cost | $ 8,987 | [7],[8] | $ 9,067 | [9],[11] | |
Investments at fair value | $ 8,886 | [13] | $ 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.50% | [16] | 8.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 14.16% | [16] | 13.35% | [18] | |
Cost | $ 8,986 | [7],[8] | $ 9,066 | [9],[11] | |
Investments at fair value | $ 9,005 | [13] | $ 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.50% | [16] | 9.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 15.16% | [16] | 14.35% | [18] | |
Cost | $ 8,985 | [7],[8] | $ 9,066 | [9],[11] | |
Investments at fair value | $ 9,123 | [13] | $ 9,228 | [14] | |
Investment, Identifier [Axis]: ACCELERATION, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 13,451.22 | |||
Cost | [9],[11],[25],[26] | $ 893 | |||
Investments at fair value | [14],[25],[26] | $ 1,482 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.50% | [16],[20] | 8.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 14.16% | [16],[20] | 13.56% | [18],[21] | |
Cost | $ 1,881 | [7],[8],[20] | $ 3,616 | [9],[11],[21] | |
Investments at fair value | $ 1,950 | [13],[20] | $ 3,700 | [14],[21] | |
Investment, Identifier [Axis]: ACE GATHERING, INC. | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[30] | 12% | |||
Floor | [18],[30] | 2% | |||
Investment interest rate | [18],[30] | 16.85% | |||
Cost | [9],[11],[30] | $ 7,668 | |||
Investments at fair value | [14],[30] | $ 7,082 | |||
Investment, Identifier [Axis]: ACE GATHERING, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[31] | 12% | |||
Floor | [16],[31] | 2% | |||
Investment interest rate | [16],[31] | 17.66% | |||
Cost | [7],[8],[31] | $ 5,110 | |||
Investments at fair value | [13],[31] | $ 5,007 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., 1,006,045.85 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 1,006,045.85 | |||
Cost | [4],[7],[8],[23],[24] | $ 1,344 | |||
Investments at fair value | [4],[13],[23],[24] | $ 2,749 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 7.25% | |||
Floor | [4],[16],[20] | 1% | |||
Cost | [4],[7],[8],[20] | $ 0 | |||
Investments at fair value | [4],[13],[20] | $ 0 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [4],[16] | 7.25% | [18] | |
Floor | 1% | [4],[16] | 1% | [18] | |
Investment interest rate | 12.90% | [4],[16],[29] | 12.12% | [18],[32] | |
Cost | $ 24,246 | [4],[7],[8] | $ 26,940 | [9],[11] | |
Investments at fair value | $ 24,469 | [4],[13] | $ 27,438 | [14] | |
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,006,045.85 | 766,738.93 | [22],[25],[26] | ||
Cost | [9],[11],[25],[26] | $ 809 | |||
Investments at fair value | $ 2,749 | $ 1,202 | [14],[25],[26] | ||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [4],[16],[20] | 7.25% | [18],[21] | |
Floor | 1% | [4],[16],[20] | 1% | [18],[21] | |
Investment interest rate | 12.91% | [4],[16],[20] | 12.40% | [18],[21] | |
Cost | $ 811 | [4],[7],[8],[20] | $ 766 | [9],[11],[21] | |
Investments at fair value | $ 825 | [4],[13],[20] | $ 800 | [14],[21] | |
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., 3.88% Membership Preferred Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [19] | 3.88% | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., 3.88% membership preferred interest | |||||
Schedule of Investments [Line Items] | |||||
Cost | [7],[8] | $ 2,500 | |||
Investments at fair value | [13] | $ 1,201 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Membership preferred interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [22] | 3.88% | |||
Cost | [9],[11] | $ 2,500 | |||
Investments at fair value | [14] | $ 2,691 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Unsecured convertible Note | |||||
Schedule of Investments [Line Items] | |||||
PIK | 6% | [16] | 6% | [18] | |
Cost | $ 173 | [7],[8] | $ 173 | [9],[11] | |
Investments at fair value | $ 173 | [13] | $ 201 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.75% | [16],[33] | 6.75% | [18] | |
Floor | 1% | [16],[33] | 1% | [18] | |
PIK | 1% | [16],[33] | 100% | [18] | |
Investment interest rate | 15.29% | [16],[33] | 12.49% | [18] | |
Cost | $ 12,903 | [7],[8],[33] | $ 11,667 | [9],[11] | |
Investments at fair value | $ 10,505 | [13],[33] | $ 10,978 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 10.75% | [16],[33] | 8.75% | [18] | |
Floor | 1% | [16],[33] | 1% | [18] | |
PIK | 1% | [16],[33] | 100% | [18] | |
Investment interest rate | 17.29% | [16],[33] | 14.49% | [18] | |
Cost | $ 12,057 | [7],[8],[33] | $ 11,667 | [9],[11] | |
Investments at fair value | $ 7,869 | [13],[33] | $ 9,958 | [14] | |
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 3,000,000 | [19],[23],[24] | 3,000,000 | [22],[25],[26] | |
Cost | $ 3,000 | [7],[8],[23],[24] | $ 3,000 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [13],[23],[24] | $ 0 | [14],[25],[26] | |
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[34] | 5.50% | |||
Floor | [18],[34] | 2% | |||
Investment interest rate | [18],[34] | 9% | |||
Cost | [9],[11],[34] | $ 4,858 | |||
Investments at fair value | [14],[34] | $ 251 | |||
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21],[34] | 5.50% | |||
Floor | [18],[21],[34] | 2% | |||
Investment interest rate | [18],[21],[34] | 9% | |||
Cost | [9],[11],[21],[34] | $ 853 | |||
Investments at fair value | [14],[21],[34] | $ 44 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 1,666.67 Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 1,666.67 | |||
Cost | [4],[7],[8] | $ 0 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 100 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 100 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 13,898.32 | |||
Cost | [4],[7],[8] | $ 3,170 | |||
Investments at fair value | [4],[13] | $ 3,170 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 13,898.32 | |||
Cost | [4],[7],[8] | $ 0 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 100 | |||
Cost | [9],[11],[25],[26] | $ 100 | |||
Investments at fair value | [14],[25],[26] | $ 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7% | |||
Floor | 1% | [4],[16] | 1% | [18] | |
PIK | 6.50% | [4],[16] | 300% | [18] | |
Investment interest rate | 12.04% | [4],[16] | 14.85% | [18] | |
Cost | $ 3,030 | [4],[7],[8] | $ 12,417 | [9],[11] | |
Investments at fair value | $ 3,030 | [4],[13] | $ 9,470 | [14] | |
Investment, Identifier [Axis]: ARBORWORKS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 7% | |||
Floor | [18],[21] | 1% | |||
PIK | 15% | [4],[16],[20] | 300% | [18],[21] | |
Investment interest rate | [18],[21] | 14.83% | |||
Cost | $ 806 | [4],[7],[8],[20] | $ 1,956 | [9],[11],[21] | |
Investments at fair value | 806 | [4],[13],[20] | $ 1,502 | [14],[21] | |
Investment, Identifier [Axis]: ARBORWORKS, LLC6, 100 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Cost | [4],[7],[8],[23],[24] | 100 | |||
Investments at fair value | [4],[13],[23],[24] | $ 5 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, 2,572 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 2,572 | |||
Cost | [7],[8],[23],[24] | $ 1,026 | |||
Investments at fair value | [13],[23],[24] | $ 847 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 2,572 | |||
Cost | [9],[11],[25],[26] | $ 1,026 | |||
Investments at fair value | [14],[25],[26] | $ 847 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | $ 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, 1,000,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,000,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.50% | [16] | 5.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.16% | [16] | 10.35% | [18] | |
Cost | $ 9,130 | [7],[8] | $ 9,104 | [9],[11] | |
Investments at fair value | $ 9,195 | [13] | $ 9,102 | [14] | |
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.16% | [16] | 12.35% | [18] | |
Cost | $ 9,127 | [7],[8] | $ 9,102 | [9],[11] | |
Investments at fair value | $ 9,250 | [13] | $ 9,102 | [14] | |
Investment, Identifier [Axis]: ATS OPERATING, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16],[20] | 6.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 12.16% | [16],[20] | 11.39% | [18],[21] | |
Cost | $ 470 | [7],[8],[20] | $ 462 | [9],[11],[21] | |
Investments at fair value | $ 494 | [13],[20] | 492 | [14],[21] | |
Investment, Identifier [Axis]: ArborWorks, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 100 | ||||
Investments at fair value | $ 5 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,666.67 | ||||
Investments at fair value | $ 0 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 13,898.32 | ||||
Investments at fair value | $ 3,170 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 13,898.32 | ||||
Investments at fair value | $ 0 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 3,030 | 0 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 806 | $ 0 | |||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., 900,000 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 900,000 | |||
Cost | [7],[8] | $ 900 | |||
Investments at fair value | [13] | $ 598 | |||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 900,000 | |||
Cost | [9],[11] | $ 900 | |||
Investments at fair value | [14] | $ 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[35] | 1,000 | |||
Cost | [7],[8],[23],[24],[35] | $ 0 | |||
Investments at fair value | [13],[23],[24],[35] | $ 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[35] | 1,000 | |||
Cost | [7],[8],[23],[24],[35] | $ 1,000 | |||
Investments at fair value | [13],[23],[24],[35] | $ 1,000 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[24],[35] | 6% | |||
Floor | [16],[24],[35] | 2% | |||
Investment interest rate | [16],[24],[35] | 11.54% | |||
Cost | [7],[8],[24],[35] | $ 8,816 | |||
Investments at fair value | [13],[24],[35] | $ 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[24],[35] | 8% | |||
Floor | [16],[24],[35] | 2% | |||
Investment interest rate | [16],[24],[35] | 13.54% | |||
Cost | [7],[8],[24],[35] | $ 8,816 | |||
Investments at fair value | [13],[24],[35] | $ 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20],[24],[35] | 7% | |||
Floor | [16],[20],[24],[35] | 2% | |||
Cost | [7],[8],[20],[24],[35] | $ (34) | |||
Investments at fair value | [13],[20],[24],[35] | $ 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 1,131,579 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,131,579 | |||
Cost | [7],[8],[23],[24] | $ 1,132 | |||
Investments at fair value | [13],[23],[24] | $ 1,400 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 89,335 Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 89,335 | |||
Cost | [7],[8],[23],[24] | $ 89 | |||
Investments at fair value | [13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,131,579 | |||
Cost | [9],[11],[25],[26] | $ 1,132 | |||
Investments at fair value | [14],[25],[26] | $ 1,649 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 89,335 | |||
Cost | [9],[11],[25],[26] | $ 89 | |||
Investments at fair value | [14],[25],[26] | $ 130 | |||
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.50% | [16],[31] | 7.50% | [18],[30] | |
Floor | 1.50% | [16],[31] | 1.50% | [18],[30] | |
Investment interest rate | 10.96% | [16],[31] | 12.28% | [18],[30] | |
Cost | $ 6,399 | [7],[8],[31] | $ 6,377 | [9],[11],[30] | |
Investments at fair value | $ 6,500 | [13],[31] | $ 6,377 | [14],[30] | |
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[31] | 5.50% | [18],[30] | |
Floor | 1.50% | [16],[31] | 1.50% | [18],[30] | |
Investment interest rate | 12.96% | [16],[31] | 10.28% | [18],[30] | |
Cost | $ 6,399 | [7],[8],[31] | $ 6,377 | [9],[11],[30] | |
Investments at fair value | $ 6,500 | [13],[31] | $ 6,377 | [14],[30] | |
Investment, Identifier [Axis]: CADMIUM, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.61% | [16] | 12.16% | [18] | |
Cost | $ 7,314 | [7],[8] | $ 7,326 | [9],[11] | |
Investments at fair value | $ 7,317 | [13] | $ 7,134 | [14] | |
Investment, Identifier [Axis]: CADMIUM, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.61% | [16] | 12.16% | [18] | |
Cost | $ 611 | [7],[8] | $ 611 | [9],[11] | |
Investments at fair value | $ 612 | [13] | $ 594 | [14] | |
Investment, Identifier [Axis]: CAMIN CARGO CONTROL, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 6.50% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 11.42% | |||
Cost | [9],[11] | $ 5,652 | |||
Investments at fair value | [14] | 5,692 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24],[36] | 1,000,000 | |||
Cost | [4],[7],[8],[23],[24],[36] | $ 1,000 | |||
Investments at fair value | [4],[13],[23],[24],[36] | $ 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 500,000 Class B units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[20],[23],[24],[36] | 500,000 | |||
Cost | [4],[7],[8],[20],[23],[24],[36] | $ 500 | |||
Investments at fair value | [4],[13],[20],[23],[24],[36] | $ 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | ||||
Investments at fair value | $ 1,658 | $ 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 500,000 | ||||
Investments at fair value | $ 714 | $ 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [21],[22],[25],[26],[37] | 500,000 | |||
Cost | [9],[11],[21],[25],[26],[37] | $ 500 | |||
Investments at fair value | [14],[21],[25],[26],[37] | $ 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [4],[16] | 7% | [18] | |
Floor | 1% | [4],[16] | 1% | [18] | |
Investment interest rate | 12.54% | [4],[16] | 11.88% | [18] | |
Cost | $ 15,011 | [4],[7],[8] | $ 15,265 | [9],[11] | |
Investments at fair value | $ 15,200 | [4],[13] | $ 15,500 | [14] | |
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [4],[16],[20] | 7% | [18],[21] | |
Floor | 1% | [4],[16],[20] | 1% | [18],[21] | |
Cost | $ (45) | [4],[7],[8],[20] | $ (57) | [9],[11],[21] | |
Investments at fair value | 0 | [4],[13],[20] | 0 | [14],[21] | |
Investment, Identifier [Axis]: CATBIRD NYC, LLC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 625,000 | |||
Cost | [9],[11],[25],[26] | $ 0 | |||
Investments at fair value | [14],[25],[26] | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 8% | |||
Floor | [18] | 2% | |||
Investment interest rate | [18] | 12.88% | |||
Cost | [9],[11] | $ 6,372 | |||
Investments at fair value | [14] | $ 6,372 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 625,000 | |||
Cost | [9],[11],[25],[26] | $ 625 | |||
Investments at fair value | [14],[25],[26] | $ 625 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 8% | |||
Floor | [18],[21] | 2% | |||
Cost | [9],[11],[21] | $ (19) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 690,324 | |||
Cost | [7],[8],[23],[24] | $ 0 | |||
Investments at fair value | [13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 690,324 | |||
Cost | [7],[8],[23],[24] | $ 690 | |||
Investments at fair value | [13],[23],[24] | $ 726 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 13.52% | |||
Cost | [7],[8] | $ 6,387 | |||
Investments at fair value | [13] | $ 6,500 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 8% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (33) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, 1,568.70 Class Y Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,568.7 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,000 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 12.38% | |||
Cost | [7],[8] | $ 5,393 | |||
Investments at fair value | [13] | $ 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 9% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 14.38% | |||
Cost | [7],[8] | $ 5,393 | |||
Investments at fair value | [13] | $ 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 8% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (39) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, 2,620,670 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 2,620,670 | |||
Cost | [4],[7],[8],[23],[24] | $ 1,224 | |||
Investments at fair value | [4],[13],[23],[24] | $ 1,360 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Capex Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [4],[16],[20] | 9% | [18],[21] | |
Floor | 1.75% | [4],[16],[20] | 1.75% | [18],[21] | |
Investment interest rate | 14.54% | [4],[16],[20] | 13.75% | [18],[21] | |
Cost | $ 92 | [4],[7],[8],[20] | $ 87 | [9],[11],[21] | |
Investments at fair value | 100 | [4],[13],[20] | 99 | [14],[21] | |
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 100 | $ 99 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [4],[16] | 9% | [18] | |
Floor | 1.75% | [4],[16] | 1.75% | [18] | |
Investment interest rate | 14.54% | [4],[16] | 13.75% | [18] | |
Cost | $ 7,477 | [4],[7],[8] | $ 7,427 | [9],[11] | |
Investments at fair value | $ 7,526 | [4],[13] | $ 7,402 | [14] | |
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,620,670 | 1,380,500 | [22],[25],[26] | ||
Cost | [9],[11],[25],[26] | $ 976 | |||
Investments at fair value | $ 1,360 | $ 357 | [14],[25],[26] | ||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [4],[16],[20] | 9% | [18],[21] | |
Floor | 1.75% | [4],[16],[20] | 1.75% | [18],[21] | |
Investment interest rate | 14.54% | [4],[16],[20] | 13.75% | [18],[21] | |
Cost | $ 291 | [4],[7],[8],[20] | $ 287 | [9],[11],[21] | |
Investments at fair value | $ 300 | [4],[13],[20] | $ 296 | [14],[21] | |
Investment, Identifier [Axis]: CHANDLER SIGNS, LLC, Units of Class A-1 common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,500,000 | 1,500,000 | [22],[25],[26] | ||
Cost | [9],[11],[25],[26] | $ 1,500 | |||
Investments at fair value | $ 0 | $ 3,215 | [14],[25],[26] | ||
Investment, Identifier [Axis]: CITYVET, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (47) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: CITYVET, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 12.49% | |||
Cost | [7],[8] | $ 14,714 | |||
Investments at fair value | [13] | $ 14,985 | |||
Investment, Identifier [Axis]: CRAFTY APES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.25% | [16],[27] | 7.02% | [18],[28] | |
Floor | 1% | [16],[27] | 1% | [18],[28] | |
Investment interest rate | 14.61% | [16],[27] | 12.07% | [18],[28] | |
Cost | $ 15,974 | [7],[8],[27] | $ 14,911 | [9],[11],[28] | |
Investments at fair value | $ 15,216 | [13],[27] | $ 15,000 | [14],[28] | |
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[35] | 1,000 | |||
Cost | [7],[8],[23],[24],[35] | $ 0 | |||
Investments at fair value | [13],[23],[24],[35] | $ 715 | |||
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[35] | 1,000 | |||
Cost | [7],[8],[23],[24],[35] | $ 1,000 | |||
Investments at fair value | [13],[23],[24],[35] | $ 1,193 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[24],[35] | 7% | |||
Floor | [16],[24],[35] | 2% | |||
Investment interest rate | [16],[24],[35] | 12.54% | |||
Cost | [7],[8],[24],[35] | $ 2,943 | |||
Investments at fair value | [13],[24],[35] | $ 2,943 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[24],[35] | 6% | |||
Floor | [16],[24],[35] | 2% | |||
Investment interest rate | [16],[24],[35] | 11.54% | |||
Cost | [7],[8],[24],[35] | $ 5,005 | |||
Investments at fair value | [13],[24],[35] | $ 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[24],[35] | 8% | |||
Floor | [16],[24],[35] | 2% | |||
Investment interest rate | [16],[24],[35] | 13.54% | |||
Cost | [7],[8],[24],[35] | $ 5,005 | |||
Investments at fair value | [13],[24],[35] | $ 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20],[24],[35] | 7% | |||
Floor | [16],[20],[24],[35] | 2% | |||
Cost | [7],[8],[20],[24],[35] | $ (54) | |||
Investments at fair value | [13],[20],[24],[35] | $ 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,681.04 | 1,681.04 | [22] | ||
Cost | [9],[11] | $ 3,615 | |||
Investments at fair value | $ 0 | 0 | [14] | ||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien A | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien B | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | $ 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+11.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[34] | 11% | |||
Floor | [18],[34] | 1% | |||
Investment interest rate | [18],[34] | 15.74% | |||
Cost | [9],[11],[34] | $ 1,649 | |||
Investments at fair value | [14],[34] | $ 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+9.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[34] | 9% | |||
Floor | [18],[34] | 1% | |||
Investment interest rate | [18],[34] | 14.13% | |||
Cost | [9],[11],[34] | $ 1,829 | |||
Investments at fair value | [14],[34] | $ 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Protective Advance | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[34] | 16.70% | |||
Floor | [18],[34] | 1% | |||
Investment interest rate | [18],[34] | 21.06% | |||
Cost | [9],[11],[34] | $ 1,448 | |||
Investments at fair value | $ 0 | $ 0 | [14],[34] | ||
Investment, Identifier [Axis]: DELPHI LENDER HOLDCO LLC, 254 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 254 | |||
Cost | [7],[8] | $ 0 | |||
Investments at fair value | [13] | $ 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 2,500,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,500,000 | [4],[19],[23],[24] | 2,500,000 | [22],[25],[26] | |
Cost | $ 0 | [4],[7],[8],[23],[24] | $ 0 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [4],[13],[23],[24] | $ 0 | [14],[25],[26] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 250,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 250,000 | [4],[19],[23],[24] | 250,000 | [22],[25],[26] | |
Cost | $ 250 | [4],[7],[8],[23],[24] | $ 250 | [9],[11],[25],[26] | |
Investments at fair value | $ 317 | [4],[13],[23],[24] | $ 625 | [14],[25],[26] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 255,984.22 Class C Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 255,984.22 | [4],[19],[23],[24] | 255,984.22 | [22],[25],[26] | |
Cost | $ 0 | [4],[7],[8],[23],[24] | $ 0 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [4],[13],[23],[24] | $ 0 | [14],[25],[26] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 5,435,211.03 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 5,435,211.03 | [4],[19],[23],[24] | 5,435,211.03 | [22],[25],[26] | |
Cost | $ 2,218 | [4],[7],[8],[23],[24] | $ 2,218 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [4],[13],[23],[24] | $ 2,218 | [14],[25],[26] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 4.50% | |||
Floor | 2% | [4],[16] | 2% | [18] | |
PIK | [4],[16] | 5% | |||
Investment interest rate | 10.45% | [4],[16] | 9.41% | [18] | |
Cost | $ 4,123 | [4],[7],[8] | $ 3,826 | [9],[11] | |
Investments at fair value | $ 4,140 | [4],[13] | $ 3,823 | [14] | |
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 6.50% | |||
Floor | 2% | [4],[16] | 2% | [18] | |
PIK | [4],[16] | 7% | |||
Investment interest rate | 12.45% | [4],[16] | 11.41% | [18] | |
Cost | $ 4,203 | [4],[7],[8] | $ 3,844 | [9],[11] | |
Investments at fair value | $ 4,226 | [4],[13] | 3,843 | [14] | |
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 250,000 | ||||
Investments at fair value | $ 317 | 625 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class B Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 5,435,211.03 | ||||
Investments at fair value | $ 0 | 2,218 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 255,984.22 | ||||
Investments at fair value | $ 0 | 0 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,500,000 | ||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 12.02% | |||
Cost | [7],[8] | $ 10,947 | |||
Investments at fair value | [13] | $ 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 14.02% | |||
Cost | [7],[8] | $ 10,948 | |||
Investments at fair value | [13] | $ 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7.50% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (103) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: EVEREST TRANSPORTATION SYSTEMS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.46% | [16] | 12.91% | [18] | |
Cost | $ 8,167 | [7],[8] | $ 8,498 | [9],[11] | |
Investments at fair value | $ 7,479 | [13] | $ 8,566 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, 615.156 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 615.156 | |||
Cost | [7],[8] | $ 615 | |||
Investments at fair value | [13] | $ 945 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 615.156 | |||
Cost | [9],[11] | $ 615 | |||
Investments at fair value | [14] | $ 770 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18],[21] | |
Floor | 2% | [16] | 2% | [18],[21] | |
Investment interest rate | [16] | 13.04% | |||
Cost | $ 2,282 | [7],[8] | $ (23) | [9],[11],[21] | |
Investments at fair value | $ 2,326 | [13] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 13.04% | [16] | 12.24% | [18] | |
Cost | $ 8,607 | [7],[8] | $ 9,271 | [9],[11] | |
Investments at fair value | $ 8,751 | [13] | $ 9,271 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 13.04% | [16] | 12.24% | [18] | |
Cost | $ 8,607 | [7],[8] | $ 9,271 | [9],[11] | |
Investments at fair value | $ 8,751 | [13] | $ 9,271 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Promissory Note | |||||
Schedule of Investments [Line Items] | |||||
Investment interest rate | 13.574% | [16] | 13.574% | [18] | |
Cost | $ 385 | [7],[8] | $ 385 | [9],[11] | |
Investments at fair value | $ 385 | [13] | $ 385 | [14] | |
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[20] | 7.50% | [18],[21] | |
Floor | 2% | [16],[20] | 2% | [18],[21] | |
Cost | $ (39) | [7],[8],[20] | $ (47) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, 2,446,170 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[36] | 2,446,170 | |||
Cost | [7],[8],[23],[24],[36] | $ 2,892 | |||
Investments at fair value | [13],[23],[24],[36] | $ 9,181 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26],[37] | 2,000,000 | |||
Cost | [9],[11],[25],[26],[37] | $ 2,000 | |||
Investments at fair value | [14],[25],[26],[37] | $ 17,678 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7.50% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 12.25% | |||
Cost | [9],[11] | $ 2,777 | |||
Investments at fair value | [14] | $ 2,818 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7.50% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 12.41% | |||
Cost | [9],[11] | $ 31,214 | |||
Investments at fair value | [14] | $ 31,845 | |||
Investment, Identifier [Axis]: FM SYLVAN, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.66% | [16] | 12.85% | [18] | |
Cost | $ 11,654 | [7],[8] | $ 11,737 | [9],[11] | |
Investments at fair value | $ 11,850 | [13] | $ 11,963 | [14] | |
Investment, Identifier [Axis]: FM SYLVAN, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16],[20] | 8% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 13.64% | [16],[20],[29] | 12.94% | [18],[21] | |
Cost | $ 4,846 | [7],[8],[20] | $ 1,816 | [9],[11],[21] | |
Investments at fair value | $ 5,000 | [13],[20] | $ 2,000 | [14],[21] | |
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 75,000 | [19],[23],[24] | 75,000 | [22],[25],[26] | |
Cost | $ 750 | [7],[8],[23],[24] | $ 750 | [9],[11],[25],[26] | |
Investments at fair value | $ 1,662 | [13],[23],[24] | $ 911 | [14],[25],[26] | |
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.94% | [16] | 11.25% | [18] | |
Cost | $ 6,924 | [7],[8] | $ 6,908 | [9],[11] | |
Investments at fair value | $ 7,030 | [13] | $ 7,030 | [14] | |
Investment, Identifier [Axis]: FS VECTOR LLC, 1,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[36] | 1,000 | |||
Cost | [7],[8],[23],[24],[36] | $ 1,000 | |||
Investments at fair value | [13],[23],[24],[36] | $ 1,000 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 12.04% | |||
Cost | [7],[8] | $ 8,838 | |||
Investments at fair value | [13] | $ 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 14.04% | |||
Cost | [7],[8] | $ 8,838 | |||
Investments at fair value | [13] | $ 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7.50% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (34) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 7.50% | |||
Floor | [18],[21] | 2% | |||
Cost | [9],[11],[21] | $ (162) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 12.16% | [16] | 11.35% | [18] | |
Cost | $ 7,006 | [7],[8] | $ 7,357 | [9],[11] | |
Investments at fair value | $ 7,125 | [13] | $ 7,358 | [14] | |
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.50% | [16] | 8.50% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 14.16% | [16] | 13.35% | [18] | |
Cost | $ 7,005 | [7],[8] | $ 7,356 | [9],[11] | |
Investments at fair value | $ 7,125 | [13] | $ 7,358 | [14] | |
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[20] | 7.50% | [18],[21] | |
Floor | 2% | [16],[20] | 2% | [18],[21] | |
Cost | $ (40) | [7],[8],[20] | $ (47) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, 1,000,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 1,000,000 | |||
Cost | [4],[7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [4],[13],[23],[24] | $ 1,469 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | $ 1,000 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [4],[15],[16] | 9% | [17],[18] | |
Floor | 2% | [4],[15],[16] | 2% | [17],[18] | |
Investment interest rate | 13.66% | [4],[15],[16] | 13.93% | [17],[18] | |
Cost | $ 5,933 | [4],[7],[8],[15] | $ 6,030 | [9],[11],[17] | |
Investments at fair value | $ 6,039 | [4],[13],[15] | $ 6,030 | [14],[17] | |
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [4],[16],[20] | 9% | [18],[21] | |
Floor | 2% | [4],[16],[20] | 2% | [18],[21] | |
Cost | $ (49) | [4],[7],[8],[20] | $ (58) | [9],[11],[21] | |
Investments at fair value | $ 0 | [4],[13],[20] | 0 | [14],[21] | |
Investment, Identifier [Axis]: GPT Industries, LLC Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | ||||
Investments at fair value | $ 1,469 | 1,000 | |||
Investment, Identifier [Axis]: GPT Industries, LLC First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 6,039 | 6,030 | |||
Investment, Identifier [Axis]: GPT Industries, LLC Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., 1,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 1,000 | |||
Cost | [4],[7],[8] | $ 1,000 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., 360.06 Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 360.06 | |||
Cost | [4],[7],[8] | $ 360 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000 | 1,000 | [22] | ||
Cost | [9],[11] | $ 1,000 | |||
Investments at fair value | $ 0 | $ 0 | [14] | ||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 360.06 | 360.06 | [22] | ||
Cost | [9],[11] | $ 360 | |||
Investments at fair value | $ 0 | $ 372 | [14] | ||
Investment, Identifier [Axis]: GRAMMATECH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.50% | [4],[16] | 9.50% | [18] | |
Floor | 2% | [4],[16] | 2% | [18] | |
Investment interest rate | 15.04% | [4],[16] | 14.24% | [18] | |
Cost | $ 1,993 | [4],[7],[8] | $ 9,967 | [9],[11] | |
Investments at fair value | $ 2,000 | [4],[13] | $ 10,031 | [14] | |
Investment, Identifier [Axis]: GRAMMATECH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.50% | [4],[16],[20] | 9.50% | [18],[21] | |
Floor | 2% | [4],[16],[20] | 2% | [18],[21] | |
Cost | $ (7) | [4],[7],[8],[20] | $ (14) | [9],[11],[21] | |
Investments at fair value | $ 0 | [4],[13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,500,000 | |||
Cost | [9],[11],[25],[26] | $ 1,500 | |||
Investments at fair value | [14],[25],[26] | $ 1,500 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7.25% | |||
Floor | [18] | 2.50% | |||
PIK | [18] | 1.75% | |||
Investment interest rate | [18] | 14.05% | |||
Cost | [9],[11] | $ 4,376 | |||
Investments at fair value | [14] | 4,376 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Warrants | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 80 | |||
Investments at fair value | [14] | $ 80 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., 1,500,000 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,500,000 | |||
Cost | [7],[8],[23],[24] | $ 1,500 | |||
Investments at fair value | [13],[23],[24] | $ 1,565 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7.25% | |||
Floor | [16] | 2.50% | |||
PIK | [16] | 1.75% | |||
Investment interest rate | [16] | 14.54% | |||
Cost | [7],[8] | $ 6,881 | |||
Investments at fair value | [13] | 6,966 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - February 10, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [7],[8] | 80 | |||
Investments at fair value | [13] | 35 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - November 30, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [7],[8] | 20 | |||
Investments at fair value | [13] | $ 20 | |||
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.75% | [16],[20] | 6% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 11.38% | [16],[20] | 11.11% | [18],[21] | |
Cost | $ 286 | [7],[8],[20] | $ 286 | [9],[11],[21] | |
Investments at fair value | $ 295 | [13],[20] | $ 297 | [14],[21] | |
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.75% | [16] | 6% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.25% | [16] | 11.05% | [18] | |
Cost | $ 3,554 | [7],[8] | $ 3,574 | [9],[11] | |
Investments at fair value | $ 3,546 | [13] | $ 3,573 | [14] | |
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.75% | [16],[20] | 6% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 11.28% | [16],[20],[29] | 10.99% | [18],[21] | |
Cost | $ 438 | [7],[8],[20] | $ 335 | [9],[11],[21] | |
Investments at fair value | $ 446 | [13],[20] | $ 347 | [14],[21] | |
Investment, Identifier [Axis]: HEAT TRAK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 9.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 15.04% | |||
Cost | [7],[8] | $ 10,262 | |||
Investments at fair value | [13] | 11,270 | |||
Investment, Identifier [Axis]: HEAT TRAK, LLC, Warrants (Expiration - June 9, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [7],[8] | 1,104 | |||
Investments at fair value | [13] | $ 1,104 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., 108,211.4 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 108,211.4 | |||
Cost | [7],[8],[23],[24] | $ 343 | |||
Investments at fair value | [13],[23],[24] | $ 323 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 13.55% | |||
Cost | [7],[8] | $ 7,808 | |||
Investments at fair value | [13] | $ 7,356 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 8% | |||
Floor | [16],[20] | 2% | |||
Investment interest rate | [16],[20],[29] | 13.53% | |||
Cost | [7],[8],[20] | $ 701 | |||
Investments at fair value | [13],[20] | $ 662 | |||
Investment, Identifier [Axis]: HYBRID APPAREL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.25% | [16],[31] | 8.25% | [18],[30] | |
Floor | 1% | [16],[31] | 1% | [18],[30] | |
PIK | [16],[31] | 2% | |||
Investment interest rate | 15.91% | [16],[31] | 13.10% | [18],[30] | |
Cost | $ 15,672 | [7],[8],[31] | $ 15,528 | [9],[11],[30] | |
Investments at fair value | $ 15,452 | [13],[31] | $ 13,120 | [14],[30] | |
Investment, Identifier [Axis]: I-45 SLF LLC | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 80% | [6],[19],[24],[36] | 80% | [21],[22],[26],[37] | |
Cost | $ 80,800 | [6],[7],[8],[24],[36] | $ 80,800 | [9],[11],[21],[26],[37] | |
Investments at fair value | $ 54,200 | [6],[13],[24],[36] | 51,256 | [14],[21],[26],[37] | |
Investment, Identifier [Axis]: I-45 SLF LLC, LLC equity interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 80% | ||||
Investments at fair value | $ 54,200 | $ 51,256 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 833 | |||
Cost | [7],[8],[23],[24] | $ 167 | |||
Investments at fair value | [13],[23],[24] | $ 167 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 833 | |||
Cost | [7],[8],[23],[24] | $ 833 | |||
Investments at fair value | [13],[23],[24] | $ 833 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 6% | |||
Floor | [16],[20] | 1.50% | |||
Cost | [7],[8],[20] | $ (20) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 5% | |||
Floor | [16] | 1.50% | |||
Investment interest rate | [16] | 10.34% | |||
Cost | [7],[8] | $ 4,926 | |||
Investments at fair value | [13] | $ 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7% | |||
Floor | [16] | 1.50% | |||
Investment interest rate | [16] | 12.34% | |||
Cost | [7],[8] | $ 4,926 | |||
Investments at fair value | [13] | $ 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 6% | |||
Floor | [16],[20] | 1.50% | |||
Cost | [7],[8],[20] | $ (29) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, 1.68% LP interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [19],[20],[23],[24],[36] | 1.68% | |||
Cost | [7],[8],[20],[23],[24],[36] | $ 588 | |||
Investments at fair value | [13],[20],[23],[24],[36] | $ 1,121 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 5.50% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (16) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 5.75% | [16] | 5.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.21% | [16] | 10.66% | [18] | |
Cost | $ 8,153 | [7],[8] | $ 7,537 | [9],[11] | |
Investments at fair value | $ 8,265 | [13] | $ 7,653 | [14] | |
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, LP interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [21],[22],[25],[26],[37] | 1.68% | |||
Cost | [9],[11],[21],[25],[26],[37] | $ 588 | |||
Investments at fair value | [14],[21],[25],[26],[37] | $ 944 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, 100,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 100,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,000 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 11.89% | |||
Cost | [7],[8] | $ 7,356 | |||
Investments at fair value | [13] | $ 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 13.89% | |||
Cost | [7],[8] | $ 7,355 | |||
Investments at fair value | [13] | $ 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7.50% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (19) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 1,000,000 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 1,000,000 | |||
Cost | [7],[8] | $ 1,000 | |||
Investments at fair value | [13] | $ 1,132 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 166,667 Series A-1 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 166,667 | |||
Cost | [7],[8] | $ 167 | |||
Investments at fair value | [13] | $ 678 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.66% | [16] | 11.75% | [18] | |
Cost | $ 4,940 | [7],[8] | $ 4,926 | [9],[11] | |
Investments at fair value | $ 5,000 | [13] | $ 5,000 | [14] | |
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16],[20] | 7% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (22) | [7],[8],[20] | $ (28) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 1,000,000 | |||
Cost | [9],[11] | $ 1,000 | |||
Investments at fair value | [14] | $ 1,000 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, 1,195,526 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,195,526 | |||
Cost | [7],[8],[23],[24] | $ 1,195 | |||
Investments at fair value | [13],[23],[24] | $ 2,271 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 13.16% | [16] | 12.66% | [18] | |
Cost | $ 24,563 | [7],[8] | $ 8,823 | [9],[11] | |
Investments at fair value | $ 25,000 | [13] | $ 8,823 | [14] | |
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 750,000 | |||
Cost | [9],[11],[25],[26] | $ 750 | |||
Investments at fair value | [14],[25],[26] | $ 750 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[20] | 7.50% | [18],[21] | |
Floor | 2% | [16],[20] | 2% | [18],[21] | |
Investment interest rate | [18],[21] | 12.67% | |||
Cost | $ (23) | [7],[8],[20] | $ 471 | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 471 | [14],[21] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, 9.25% Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [4],[19],[23],[24],[36] | 9.25% | |||
Cost | [4],[7],[8],[23],[24],[36] | $ 1,500 | |||
Investments at fair value | [4],[13],[23],[24],[36] | $ 2,374 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [22],[25],[26] | 9.25% | |||
Cost | [9],[11],[25],[26] | $ 1,500 | |||
Investments at fair value | [14],[25],[26] | 4,348 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A membership interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 9.25% | ||||
Investments at fair value | $ 2,374 | 4,348 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 8% | |||
Floor | [4],[16],[20] | 2% | |||
PIK | [4],[16],[20] | 2% | |||
Investment interest rate | [4],[16],[20] | 15.54% | |||
Cost | [4],[7],[8],[20] | $ 1,034 | |||
Investments at fair value | $ 1,058 | [4],[13],[20] | 0 | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 10% | |||
Floor | [4],[16],[20] | 2% | |||
PIK | [4],[16],[20] | 2% | |||
Investment interest rate | [4],[16],[20] | 17.54% | |||
Cost | [4],[7],[8],[20] | $ 1,034 | |||
Investments at fair value | 1,058 | [4],[13],[20] | $ 0 | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note A | |||||
Schedule of Investments [Line Items] | |||||
PIK | [18] | 10% | |||
Cost | [9],[11] | $ 3,259 | |||
Investments at fair value | 0 | $ 3,255 | [14] | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note B | |||||
Schedule of Investments [Line Items] | |||||
PIK | [18] | 10% | |||
Cost | [9],[11] | $ 129 | |||
Investments at fair value | $ 0 | $ 128 | [14] | ||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term B Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 10% | [4],[16] | 11% | [18] | |
Floor | 2% | [4],[16] | 1% | [18] | |
PIK | 2% | [4],[16] | 0.50% | [18] | |
Investment interest rate | 17.54% | [4],[16] | 16.35% | [18] | |
Cost | $ 11,005 | [4],[7],[8] | $ 5,056 | [9],[11] | |
Investments at fair value | $ 12,966 | [4],[13] | $ 5,068 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [4],[16] | 8% | [18] | |
Floor | 2% | [4],[16] | 1% | [18] | |
PIK | 2% | [4],[16] | 0.50% | [18] | |
Investment interest rate | 15.54% | [4],[16] | 13.35% | [18] | |
Cost | $ 11,013 | [4],[7],[8] | $ 10,139 | [9],[11] | |
Investments at fair value | 12,966 | [4],[13] | 10,114 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 1 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 10,114 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 2 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 12,966 | 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 1 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 5,068 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 2 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 12,966 | $ 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [4],[16],[20] | 9% | [18] | |
Floor | 2% | [4],[16],[20] | 1% | [18] | |
PIK | 2% | [4],[16],[20] | 0.50% | [18] | |
Investment interest rate | [18] | 14.35% | |||
Cost | $ (61) | [4],[7],[8],[20] | $ 6,974 | [9],[11] | |
Investments at fair value | 0 | [4],[13],[20] | 7,014 | [14] | |
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 7,014 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - June 21, 2033) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [4],[7],[8],[23],[24] | 3,791 | |||
Investments at fair value | [4],[13],[23],[24] | 3,869 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029) | |||||
Schedule of Investments [Line Items] | |||||
Cost | [4],[7],[8],[23],[24] | 538 | |||
Investments at fair value | [4],[13],[23],[24] | 4,005 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029)9,13 | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | 538 | |||
Investments at fair value | [14] | 4,046 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 1 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 4,005 | 4,046 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 2 | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 3,869 | $ 0 | |||
Investment, Identifier [Axis]: JACKSON HEWITT TAX SERVICE, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 2.50% | |||
Investment interest rate | [16] | 13.89% | |||
Cost | [7],[8] | $ 9,856 | |||
Investments at fair value | [13] | $ 9,850 | |||
Investment, Identifier [Axis]: JVMC HOLDINGS CORP., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.96% | [16] | 11.34% | [18] | |
Cost | $ 1,854 | [7],[8] | $ 6,117 | [9],[11] | |
Investments at fair value | $ 1,855 | [13] | $ 6,132 | [14] | |
Investment, Identifier [Axis]: KMS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21],[30] | 7.25% | |||
Floor | [18],[21],[30] | 1% | |||
Investment interest rate | [18],[21],[30] | 12.44% | |||
Cost | [9],[11],[21],[30] | $ 2,174 | |||
Investments at fair value | [14],[21],[30] | $ 2,016 | |||
Investment, Identifier [Axis]: KMS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.25% | [16],[31] | 7.25% | [18],[30] | |
Floor | 1% | [16],[31] | 1% | [18],[30] | |
Investment interest rate | 14.75% | [16],[31] | 12.44% | [18],[30] | |
Cost | $ 17,711 | [7],[8],[31] | $ 15,681 | [9],[11],[30] | |
Investments at fair value | $ 15,892 | [13],[31] | $ 14,299 | [14],[30] | |
Investment, Identifier [Axis]: LASH OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.48% | [16] | 11.84% | [18] | |
Cost | $ 10,269 | [7],[8] | $ 10,315 | [9],[11] | |
Investments at fair value | $ 10,243 | [13] | $ 10,110 | [14] | |
Investment, Identifier [Axis]: LASH OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16],[20] | 7% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 12.53% | [16],[20],[29] | 11.89% | [18],[21] | |
Cost | $ 610 | [7],[8],[20] | $ 336 | [9],[11],[21] | |
Investments at fair value | $ 609 | [13],[20] | $ 330 | [14],[21] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, 142,278.89 units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 142,278.89 | |||
Cost | [7],[8],[23],[24] | $ 1,600 | |||
Investments at fair value | [13],[23],[24] | $ 4,037 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.50% | [16] | 10% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
PIK | [18] | 1% | |||
Investment interest rate | 13.94% | [16] | 15.66% | [18] | |
Cost | $ 4,232 | [7],[8] | $ 2,491 | [9],[11] | |
Investments at fair value | $ 4,279 | [13] | $ 2,501 | [14] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8.50% | [16] | 8.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
PIK | [18] | 1% | |||
Investment interest rate | 13.95% | [16] | 14.16% | [18] | |
Cost | $ 4,903 | [7],[8] | $ 11,436 | [9],[11] | |
Investments at fair value | $ 5,000 | [13] | $ 11,477 | [14] | |
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 12.95% | |||
Cost | [7],[8] | $ 4,843 | |||
Investments at fair value | [13] | $ 4,782 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 9.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 14.95% | |||
Cost | [7],[8] | $ 4,843 | |||
Investments at fair value | [13] | $ 4,884 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 8.50% | |||
Floor | [16],[20] | 1% | |||
Cost | [7],[8],[20] | $ (29) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 142,278.89 | |||
Cost | [9],[11],[25],[26] | $ 1,600 | |||
Investments at fair value | [14],[25],[26] | $ 1,692 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
PIK | 25% | [16],[23],[24] | 25% | [18],[25],[26] | |
Cost | $ 136 | [7],[8],[23],[24] | $ 113 | [9],[11],[25],[26] | |
Investments at fair value | $ 136 | [13],[23],[24] | 113 | [14],[25],[26] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 203,124.9999 | ||||
Investments at fair value | $ 0 | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 4,966 | 5,143 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 4,917 | 3,594 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 208,333.3333 | ||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 203,124.9999 | [4],[19],[23],[24] | 203,124.9999 | [22],[25],[26] | |
Cost | $ 0 | [4],[7],[8],[23],[24] | $ 0 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [4],[13],[23],[24] | $ 0 | [14],[25],[26] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investment interest rate | 7.50% | [4],[16] | 7.50% | [18] | |
Cost | $ 5,104 | [4],[7],[8] | $ 5,143 | [9],[11] | |
Investments at fair value | $ 4,966 | [4],[13] | $ 5,143 | [14] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investment interest rate | 7.50% | [4],[16],[20] | 7.50% | [18],[21] | |
Cost | $ 0 | [4],[7],[8],[20] | $ 0 | [9],[11],[21] | |
Investments at fair value | $ 0 | [4],[13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
PIK | 10% | [4],[16],[33] | 10% | [18],[34] | |
Cost | $ 5,208 | [4],[7],[8],[33] | $ 5,208 | [9],[11],[34] | |
Investments at fair value | $ 4,917 | [4],[13],[33] | $ 3,594 | [14],[34] | |
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 208,333.3333 | [4],[19],[23],[24] | 208,333.3333 | [22],[25],[26] | |
Cost | $ 0 | [4],[7],[8],[23],[24] | $ 0 | [9],[11],[25],[26] | |
Investments at fair value | $ 0 | [4],[13],[23],[24] | $ 0 | [14],[25],[26] | |
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, 0.88% LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [19],[23],[24],[36] | 0.88% | |||
Cost | [7],[8],[23],[24],[36] | $ 600 | |||
Investments at fair value | [13],[23],[24],[36] | $ 263 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.93% | [16] | 11.54% | [18] | |
Cost | $ 21,948 | [7],[8] | $ 22,318 | [9],[11] | |
Investments at fair value | $ 21,166 | [13] | $ 22,305 | [14] | |
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [22],[25],[26] | 0.88% | |||
Cost | [9],[11],[25],[26] | $ 600 | |||
Investments at fair value | [14],[25],[26] | $ 416 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16],[20] | 6.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | [16],[20] | 11.96% | |||
Cost | $ 530 | [7],[8],[20] | $ (31) | [9],[11],[21] | |
Investments at fair value | $ 528 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,000,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,457 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 12.66% | |||
Cost | [7],[8] | $ 6,380 | |||
Investments at fair value | [13] | $ 6,500 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (35) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: LLFLEX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [16],[31] | 9% | [18],[30] | |
Floor | 1% | [16],[31] | 1% | [18],[30] | |
PIK | [16],[31] | 1% | |||
Investment interest rate | 15.54% | [16],[31] | 13.75% | [18],[30] | |
Cost | $ 10,650 | [7],[8],[31] | $ 10,656 | [9],[11],[30] | |
Investments at fair value | $ 9,176 | [13],[31] | $ 10,131 | [14],[30] | |
Investment, Identifier [Axis]: MAKO STEEL LP, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.75% | [16] | 7.25% | [18] | |
Floor | 0.75% | [16] | 0.75% | [18] | |
Investment interest rate | 12.28% | [16] | 12.30% | [18] | |
Cost | $ 7,701 | [7],[8] | $ 7,778 | [9],[11] | |
Investments at fair value | $ 7,777 | [13] | $ 7,839 | [14] | |
Investment, Identifier [Axis]: MAKO STEEL LP, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.75% | [16],[20] | 7.25% | [18],[21] | |
Floor | 0.75% | [16],[20] | 0.75% | [18],[21] | |
Investment interest rate | [18],[21] | 11.89% | |||
Cost | $ (17) | [7],[8],[20] | $ 921 | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 939 | [14],[21] | |
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,000,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,000 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 6.25% | |||
Floor | [16],[20] | 1.50% | |||
Cost | [7],[8],[20] | $ (35) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 5.25% | |||
Floor | [16] | 1.50% | |||
Investment interest rate | [16] | 10.64% | |||
Cost | [7],[8] | $ 10,485 | |||
Investments at fair value | [13] | $ 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7.25% | |||
Floor | [16] | 1.50% | |||
Investment interest rate | [16] | 12.64% | |||
Cost | [7],[8] | $ 10,485 | |||
Investments at fair value | [13] | $ 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 6.25% | |||
Floor | [16],[20] | 1.50% | |||
Cost | [7],[8],[20] | $ (92) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, 12,059,033 Series A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 12,059,033 | |||
Cost | [7],[8],[23],[24] | $ 0 | |||
Investments at fair value | [13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.66% | [16] | 12.75% | [18] | |
Cost | $ 12,570 | [7],[8] | $ 12,150 | [9],[11] | |
Investments at fair value | $ 11,856 | [13] | $ 11,949 | [14] | |
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 11% | [16] | 11% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 16.66% | [16] | 15.75% | [18] | |
Cost | $ 2,828 | [7],[8] | $ 2,715 | [9],[11] | |
Investments at fair value | $ 2,562 | [13] | $ 2,593 | [14] | |
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Series A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 2,089,599 | |||
Cost | [9],[11],[25],[26] | $ 0 | |||
Investments at fair value | [14],[25],[26] | $ 770 | |||
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6% | [16] | 6.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.46% | [16] | 11.09% | [18] | |
Cost | $ 9,866 | [7],[8] | $ 11,421 | [9],[11] | |
Investments at fair value | $ 10,016 | [13] | $ 11,505 | [14] | |
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6% | [16],[20] | 6.25% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (23) | [7],[8],[20] | $ (27) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,000,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 807 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | $ 1,185 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,130,387 | |||
Cost | [7],[8],[23],[24] | $ 500 | |||
Investments at fair value | [13],[23],[24] | $ 403 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 7.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.54% | [16] | 11.99% | [18] | |
Cost | $ 21,515 | [7],[8] | $ 21,457 | [9],[11] | |
Investments at fair value | $ 21,364 | [13] | $ 21,800 | [14] | |
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 7.25% | [18],[21] | |
Floor | 1% | [16] | 1% | [18],[21] | |
Cost | $ (53) | [7],[8] | $ (67) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, 191,049.33 Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[36] | 191,049.33 | |||
Cost | [7],[8],[23],[24],[36] | $ 2,000 | |||
Investments at fair value | [13],[23],[24],[36] | $ 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26],[37] | 191,049.33 | |||
Cost | [9],[11],[25],[26],[37] | $ 2,000 | |||
Investments at fair value | [14],[25],[26],[37] | $ 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.99% | [16] | 11.25% | [18] | |
Cost | $ 9,591 | [7],[8] | $ 9,564 | [9],[11] | |
Investments at fair value | $ 9,259 | [13] | $ 9,550 | [14] | |
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16] | 7.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.99% | [16] | 12.25% | [18] | |
Cost | $ 9,590 | [7],[8] | $ 9,563 | [9],[11] | |
Investments at fair value | $ 9,259 | [13] | $ 9,550 | [14] | |
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 12.54% | |||
Cost | [7],[8] | $ 7,355 | |||
Investments at fair value | [13] | $ 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 9% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 14.54% | |||
Cost | [7],[8] | $ 7,355 | |||
Investments at fair value | [13] | $ 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 10% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 15.54% | |||
Cost | [7],[8] | $ 5,048 | |||
Investments at fair value | [13] | $ 5,153 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan D | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 13.54% | |||
Cost | [7],[8] | $ 12,682 | |||
Investments at fair value | [13] | $ 12,988 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 11.75% | |||
Cost | [9],[11] | $ 7,375 | |||
Investments at fair value | [14] | $ 7,104 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 9% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 13.75% | |||
Cost | [9],[11] | $ 7,375 | |||
Investments at fair value | [14] | $ 6,356 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 10% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 15% | |||
Cost | [9],[11] | $ 3,097 | |||
Investments at fair value | [14] | $ 3,097 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.54% | [16] | 12.75% | [18] | |
Cost | $ 4,951 | [7],[8] | $ 4,338 | [9],[11] | |
Investments at fair value | $ 5,000 | [13] | $ 4,180 | [14] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16],[20] | 8% | [18],[21] | |
Floor | 2% | [16],[20] | 2% | [18],[21] | |
Cost | $ (24) | [7],[8],[20] | $ (28) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 2% | [16] | 2% | [18] | |
Investment interest rate | 13.59% | [16] | 12.79% | [18] | |
Cost | $ 12,780 | [7],[8] | $ 12,750 | [9],[11] | |
Investments at fair value | $ 13,000 | [13] | $ 12,753 | [14] | |
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16],[20] | 8% | [18],[21] | |
Floor | 2% | [16],[20] | 2% | [18],[21] | |
Investment interest rate | [16],[20] | 13.62% | |||
Cost | $ 436 | [7],[8],[20] | $ (76) | [9],[11],[21] | |
Investments at fair value | $ 500 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 6.25% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (28) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 6.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.54% | [16],[29] | 11% | [18] | |
Cost | $ 29,206 | [7],[8] | $ 22,864 | [9],[11] | |
Investments at fair value | $ 29,586 | [13] | $ 23,150 | [14] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,000,000 | [19],[23],[24],[36] | 2,000,000 | [22],[25],[26],[37] | |
Cost | $ 2,000 | [7],[8],[23],[24],[36] | $ 2,000 | [9],[11],[25],[26],[37] | |
Investments at fair value | $ 16,536 | [13],[23],[24],[36] | $ 11,138 | [14],[25],[26],[37] | |
Investment, Identifier [Axis]: NINJATRADER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16],[20] | 6.25% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (3) | [7],[8],[20] | $ (3) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 8% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 12.87% | |||
Cost | [9],[11] | $ 12,519 | |||
Investments at fair value | [14] | $ 12,510 | |||
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 8% | |||
Floor | [18],[21] | 1% | |||
Investment interest rate | [18],[21] | 12.85% | |||
Cost | [9],[11],[21] | $ 997 | |||
Investments at fair value | [14],[21] | $ 1,006 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC , Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 6.50% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (7) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.50% | [16] | 6.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.95% | [16] | 11.50% | [18] | |
Cost | $ 8,596 | [7],[8] | $ 8,970 | [9],[11] | |
Investments at fair value | $ 8,661 | [13] | $ 9,052 | [14] | |
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 6.50% | |||
Floor | [16],[20] | 1% | |||
Cost | [7],[8],[20] | $ (6) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Investment interest rate | 12.50% | [16] | 12.50% | [18] | |
Cost | $ 2,782 | [7],[8] | $ 2,755 | [9],[11] | |
Investments at fair value | 3,000 | [13] | 3,000 | [14] | |
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Warrants (Expiration - August 19, 2029) | |||||
Schedule of Investments [Line Items] | |||||
Cost | 207 | [7],[8] | 207 | [9],[11] | |
Investments at fair value | $ 778 | [13] | $ 399 | [14] | |
Investment, Identifier [Axis]: OUTERBOX, LLC, 6,308.2584 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 6,308.2584 | |||
Cost | [4],[7],[8],[23],[24] | $ 631 | |||
Investments at fair value | [4],[13],[23],[24] | $ 581 | |||
Investment, Identifier [Axis]: OUTERBOX, LLC, Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 6,308.2584 | 6,308.2584 | [22],[25],[26] | ||
Cost | [9],[11],[25],[26] | $ 631 | |||
Investments at fair value | $ 581 | $ 773 | [14],[25],[26] | ||
Investment, Identifier [Axis]: OUTERBOX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.75% | [4],[16] | 6.75% | [18] | |
Floor | 1% | [4],[16] | 1% | [18] | |
Investment interest rate | 12.41% | [4],[16] | 11.56% | [18],[32] | |
Cost | $ 14,458 | [4],[7],[8] | $ 14,428 | [9],[11] | |
Investments at fair value | 14,523 | [4],[13] | $ 14,552 | [14] | |
Investment, Identifier [Axis]: OUTERBOX, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 6.75% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (25) | |||
Investments at fair value | $ 0 | $ 0 | [14],[21] | ||
Investment, Identifier [Axis]: OUTERBOX, LLC6, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 6.75% | |||
Floor | [4],[16],[20] | 1% | |||
Cost | [4],[7],[8],[20] | $ (21) | |||
Investments at fair value | [4],[13],[20] | $ 0 | |||
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [16],[24],[35] | 7.25% | [18],[26] | |
Floor | 1% | [16],[24],[35] | 1% | [18],[26] | |
Investment interest rate | 12.88% | [16],[24],[35] | 12.32% | [18],[26] | |
Cost | $ 9,106 | [7],[8],[24],[35] | $ 9,574 | [9],[11],[26] | |
Investments at fair value | $ 9,250 | [13],[24],[35] | $ 9,565 | [14],[26] | |
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [16],[20],[24],[35] | 6.25% | [18],[21],[26] | |
Floor | 2% | [16],[20],[24],[35] | 2% | [18],[21],[26] | |
Investment interest rate | 12.80% | [16],[20],[24],[29],[35] | 14.25% | [18],[21],[26] | |
Cost | $ 1,007 | [7],[8],[20],[24],[35] | $ 441 | [9],[11],[21],[26] | |
Investments at fair value | $ 1,056 | [13],[20],[24],[35] | 490 | [14],[21],[26] | |
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., 10,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 10,000 | |||
Cost | [4],[7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [4],[13],[23],[24] | $ 1,000 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 6.50% | |||
Floor | [4],[16],[20] | 2% | |||
Cost | [4],[7],[8],[20] | $ (83) | |||
Investments at fair value | [4],[13],[20] | $ 0 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16] | 6.50% | |||
Floor | [4],[16] | 2% | |||
Investment interest rate | [4],[16] | 11.87% | |||
Cost | [4],[7],[8] | $ 4,900 | |||
Investments at fair value | [4],[13] | $ 4,900 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [4],[16],[20] | 6.50% | |||
Floor | [4],[16],[20] | 2% | |||
Cost | [4],[7],[8],[20] | $ (20) | |||
Investments at fair value | [4],[13],[20] | $ 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 10,000 | ||||
Investments at fair value | $ 1,000 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 0 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | 4,900 | 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: RESEARCH NOW GROUP, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9.50% | [16] | 9.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 15.14% | [16] | 14.31% | [18] | |
Cost | $ 10,245 | [7],[8] | $ 10,163 | [9],[11] | |
Investments at fair value | $ 3,675 | [13] | $ 6,431 | [14] | |
Investment, Identifier [Axis]: ROOF OPCO, LLC, 250,000 Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 250,000 | |||
Cost | [7],[8],[23],[24] | $ 250 | |||
Investments at fair value | [13],[23],[24] | $ 262 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, 535,714.29 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 535,714.29 | |||
Cost | [7],[8],[23],[24] | $ 750 | |||
Investments at fair value | [13],[23],[24] | $ 775 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 535,714.29 | |||
Cost | [9],[11],[25],[26] | $ 750 | |||
Investments at fair value | [14],[25],[26] | $ 750 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 6.50% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 11.35% | |||
Cost | [9],[11] | $ 21,267 | |||
Investments at fair value | [14] | $ 21,071 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 12.16% | |||
Cost | [7],[8] | $ 13,060 | |||
Investments at fair value | [13] | $ 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 14.16% | |||
Cost | [7],[8] | $ 13,060 | |||
Investments at fair value | [13] | $ 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[20] | 6.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (32) | [7],[8],[20] | $ (42) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 1,100 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 1,100 | |||
Cost | [4],[7],[8] | $ 66 | |||
Investments at fair value | [4],[13] | $ 191 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 16,084 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 16,084 | |||
Cost | [4],[7],[8] | $ 1,517 | |||
Investments at fair value | [4],[13] | $ 867 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 3,364 Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 3,364 | |||
Cost | [4],[7],[8] | $ 202 | |||
Investments at fair value | [4],[13] | $ 787 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 16,084 | 16,084 | [22] | ||
Cost | [9],[11] | $ 1,517 | |||
Investments at fair value | $ 867 | $ 422 | [14] | ||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 1,100 | |||
Cost | [9],[11] | $ 66 | |||
Investments at fair value | [14] | $ 161 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 3,364 | |||
Cost | [9],[11] | $ 202 | |||
Investments at fair value | $ 787 | $ 694 | [14] | ||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [4],[16] | 8% | [18] | |
Floor | 2% | [4],[16] | 2% | [18] | |
PIK | [18] | 2% | |||
Investment interest rate | 12.54% | [4],[16] | 14.74% | [18] | |
Cost | $ 14,918 | [4],[7],[8] | $ 15,008 | [9],[11] | |
Investments at fair value | $ 14,942 | [4],[13] | $ 14,524 | [14] | |
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [4],[16],[20] | 8% | [18],[21] | |
Floor | 2% | [4],[16],[20] | 2% | [18],[21] | |
PIK | [18],[21] | 2% | |||
Investment interest rate | 12.54% | [4],[16],[20] | 14.74% | [18],[21] | |
Cost | $ 300 | [4],[7],[8],[20] | $ 566 | [9],[11],[21] | |
Investments at fair value | $ 300 | [4],[13],[20] | $ 555 | [14],[21] | |
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.75% | [16] | 7.75% | [18] | |
Floor | 1.25% | [16] | 1.25% | [18] | |
Investment interest rate | 13.19% | [16] | 12.52% | [18] | |
Cost | $ 5,929 | [7],[8] | $ 6,123 | [9],[11] | |
Investments at fair value | $ 5,780 | [13] | $ 5,364 | [14] | |
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.75% | [16],[20] | 7.75% | [18],[21] | |
Floor | 1.25% | [16],[20] | 1.25% | [18],[21] | |
Investment interest rate | 13.20% | [16],[20] | 12.56% | [18],[21] | |
Cost | $ 213 | [7],[8],[20] | $ 813 | [9],[11],[21] | |
Investments at fair value | $ 212 | [13],[20] | 715 | [14],[21] | |
Investment, Identifier [Axis]: Roseland Management, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,100 | ||||
Investments at fair value | $ 191 | $ 161 | |||
Investment, Identifier [Axis]: Roseland Management, LLC, Class A-2 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 3,364 | ||||
Investment, Identifier [Axis]: SCRIP INC., 100 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 100 | |||
Cost | [7],[8] | $ 1,000 | |||
Investments at fair value | [13] | $ 751 | |||
Investment, Identifier [Axis]: SCRIP INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 10.98% | [18],[28] | |
Floor | 2% | [16] | 2% | [18],[28] | |
Investment interest rate | 13.50% | [16] | 15.83% | [18],[28] | |
Cost | $ 16,541 | [7],[8] | $ 16,634 | [9],[11],[28] | |
Investments at fair value | $ 16,458 | [13] | $ 15,594 | [14],[28] | |
Investment, Identifier [Axis]: SCRIP INC., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 100 | |||
Cost | [9],[11] | $ 1,000 | |||
Investments at fair value | [14] | $ 751 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 1,200,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[24],[35],[36] | 1,200,000 | |||
Cost | [7],[8],[24],[35],[36] | $ 603 | |||
Investments at fair value | [13],[24],[35],[36] | $ 622 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 40,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[24],[35] | 40,000 | |||
Cost | [7],[8],[24],[35] | $ 33 | |||
Investments at fair value | [13],[24],[35] | $ 1,461 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[26] | 40,000 | |||
Cost | [9],[11],[26] | $ 33 | |||
Investments at fair value | [14],[26] | $ 85 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[26] | 1,200,000 | |||
Cost | [9],[11],[26] | $ 978 | |||
Investments at fair value | [14],[26] | $ 2,558 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[26] | 6.25% | |||
Floor | [18],[26] | 1% | |||
Investment interest rate | [18],[26] | 11.06% | |||
Cost | [9],[11],[26] | $ 13,462 | |||
Investments at fair value | [14],[26] | $ 13,643 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21],[26] | 6.25% | |||
Floor | [18],[21],[26] | 1% | |||
Cost | [9],[11],[21],[26] | $ (30) | |||
Investments at fair value | [14],[21],[26] | $ 0 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 238,095.24 | |||
Cost | [9],[11],[25],[26] | $ 500 | |||
Investments at fair value | [14],[25],[26] | $ 411 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 6.25% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 11.21% | |||
Cost | [9],[11] | $ 11,235 | |||
Investments at fair value | [14] | $ 11,040 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 6.25% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 11.23% | |||
Cost | [9],[11] | $ 694 | |||
Investments at fair value | [14] | $ 681 | |||
Investment, Identifier [Axis]: SONOBI, INC., 500,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 500,000 | |||
Cost | [4],[7],[8],[23],[24] | $ 500 | |||
Investments at fair value | [4],[13],[23],[24] | $ 2,302 | |||
Investment, Identifier [Axis]: SONOBI, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 500,000 | |||
Cost | [9],[11],[25],[26] | $ 500 | |||
Investments at fair value | [14],[25],[26] | $ 1,749 | |||
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6% | [16] | 5.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.70% | [16] | 10.03% | [18] | |
Cost | $ 14,929 | [7],[8] | $ 17,560 | [9],[11] | |
Investments at fair value | $ 14,911 | [13] | $ 17,839 | [14] | |
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6% | [16],[20] | 5.25% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | [16],[20] | 11.46% | |||
Cost | $ 171 | [7],[8],[20] | $ (28) | [9],[11],[21] | |
Investments at fair value | $ 191 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, 1,074,786 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,074,786 | |||
Cost | [7],[8],[23],[24] | $ 1,075 | |||
Investments at fair value | [13],[23],[24] | $ 810 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | $ 1,000 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 7.50% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.54% | [16] | 12.24% | [18] | |
Cost | $ 22,114 | [7],[8] | $ 22,020 | [9],[11] | |
Investments at fair value | $ 20,910 | [13] | $ 21,934 | [14] | |
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, 750 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[36] | 750 | |||
Cost | [7],[8],[23],[24],[36] | $ 750 | |||
Investments at fair value | [13],[23],[24],[36] | $ 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26],[37] | 750 | |||
Cost | [9],[11],[25],[26],[37] | $ 750 | |||
Investments at fair value | [14],[25],[26],[37] | $ 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.75% | [16] | 6.75% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.29% | [16] | 11.50% | [18] | |
Cost | $ 6,578 | [7],[8] | $ 7,370 | [9],[11] | |
Investments at fair value | $ 6,656 | [13] | $ 7,481 | [14] | |
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6.75% | [16],[20] | 6.75% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (22) | [7],[8],[20] | $ (28) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: STATINMED, LLC, 39,097.96 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 39,097.96 | |||
Cost | [4],[7],[8] | $ 1,400 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, 4,718.62 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 4,718.62 | |||
Cost | [4],[7],[8] | $ 4,838 | |||
Investments at fair value | [4],[13] | $ 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 4,718.62 | 4,718.62 | [22] | ||
Cost | [9],[11] | $ 4,838 | |||
Investments at fair value | $ 0 | $ 3,767 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC, Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 39,097.96 | 39,097.96 | [22] | ||
Cost | [9],[11] | $ 1,400 | |||
Investments at fair value | $ 0 | $ 0 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 9.50% | |||
Floor | [18] | 2% | |||
Investment interest rate | [18] | 14.28% | |||
Cost | [9],[11] | $ 122 | |||
Investments at fair value | [14] | $ 122 | |||
Investment, Identifier [Axis]: STATINMED, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 9.50% | |||
Floor | [18] | 2% | |||
Investment interest rate | [18] | 14.28% | |||
Cost | [9],[11] | $ 7,288 | |||
Investments at fair value | $ 6,129 | 7,288 | [14] | ||
Investment, Identifier [Axis]: STATINMED, LLC6, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Floor | [4],[16],[33] | 2% | |||
PIK | [4],[16],[33] | 9.50% | |||
Investment interest rate | [4],[16],[33] | 14.96% | |||
Cost | [4],[7],[8],[33] | $ 7,560 | |||
Investments at fair value | [4],[13],[33] | 6,129 | |||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 0 | $ 122 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 10,502,487.46 | |||
Cost | [9],[11] | $ 5,845 | |||
Investments at fair value | [14] | $ 5,845 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
PIK | [4],[16] | 8.50% | |||
Investment interest rate | [18] | 8.50% | |||
Cost | [4],[7],[8] | $ 9,503 | |||
Investments at fair value | [4],[13] | $ 8,487 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19] | 10,502,487.46 | |||
Cost | [4],[7],[8] | $ 5,845 | |||
Investments at fair value | [4],[13] | $ 2,659 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 2,000,000.00 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [4],[19],[23],[24] | 2,000,000 | |||
Cost | [4],[7],[8],[23],[24] | $ 0 | |||
Investments at fair value | [4],[13],[23],[24] | $ 0 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Cost | [9],[11] | $ 8,727 | |||
Investments at fair value | [14] | $ 8,720 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 2,000,000 | |||
Cost | [9],[11],[25],[26] | $ 0 | |||
Investments at fair value | [14],[25],[26] | $ 0 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 11.89% | |||
Cost | [7],[8] | $ 7,846 | |||
Investments at fair value | [13] | $ 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 8.50% | |||
Floor | [16] | 2% | |||
Investment interest rate | [16] | 13.89% | |||
Cost | [7],[8] | $ 7,846 | |||
Investments at fair value | [13] | $ 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16],[20] | 7.50% | |||
Floor | [16],[20] | 2% | |||
Cost | [7],[8],[20] | $ (28) | |||
Investments at fair value | [13],[20] | $ 0 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 7.50% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 12.25% | |||
Cost | [9],[11] | $ 8,886 | |||
Investments at fair value | [14] | $ 9,000 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien - 1 | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 7.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 13.04% | |||
Cost | [7],[8] | $ 8,364 | |||
Investments at fair value | [13] | $ 8,364 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.50% | [16],[20] | 7.50% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Investment interest rate | 13.03% | [16],[20],[29] | 12.32% | [18],[21] | |
Cost | $ 984 | [7],[8],[20] | $ 1,576 | [9],[11],[21] | |
Investments at fair value | $ 991 | [13],[20] | 1,600 | [14],[21] | |
Investment, Identifier [Axis]: Sonobi, Inc., Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 500,000 | ||||
Investments at fair value | $ 2,302 | 1,749 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Investments at fair value | $ 8,487 | 8,720 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 1 | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 10,502,487.46 | ||||
Investments at fair value | $ 2,659 | 5,845 | |||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 2 | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,000,000 | ||||
Investments at fair value | $ 0 | $ 0 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, 1,500,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24],[36] | 1,500,000 | |||
Cost | [7],[8],[23],[24],[36] | $ 1,500 | |||
Investments at fair value | [13],[23],[24],[36] | $ 12,750 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,500,000 | |||
Cost | [9],[11],[25],[26] | $ 1,500 | |||
Investments at fair value | [14],[25],[26] | $ 7,833 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.47% | [16] | 12.92% | [18] | |
Cost | $ 17,201 | [7],[8] | $ 17,355 | [9],[11] | |
Investments at fair value | $ 17,430 | [13] | $ 17,655 | [14] | |
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), 896.43 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 896.43 | |||
Cost | [7],[8],[23],[24] | $ 1,205 | |||
Investments at fair value | [13],[23],[24] | $ 856 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26],[37] | 896.43 | |||
Cost | [9],[11],[25],[26],[37] | $ 1,205 | |||
Investments at fair value | [14],[25],[26],[37] | $ 1,509 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16],[31] | 6.50% | [18],[30] | |
Floor | 1% | [16],[31] | 1% | [18],[30] | |
Investment interest rate | 12.54% | [16],[31] | 11.26% | [18],[30] | |
Cost | $ 5,665 | [7],[8],[31] | $ 5,727 | [9],[11],[30] | |
Investments at fair value | $ 5,700 | [13],[31] | $ 5,775 | [14],[30] | |
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
PIK | 12% | [16],[23],[24] | 10% | [18],[25],[26] | |
Cost | $ 75 | [7],[8],[23],[24] | $ 92 | [9],[11],[25],[26] | |
Investments at fair value | $ 75 | [13],[23],[24] | $ 92 | [14],[25],[26] | |
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 1,000,000 Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,000,000 | |||
Cost | [7],[8],[23],[24] | $ 1,000 | |||
Investments at fair value | [13],[23],[24] | $ 1,137 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,465.87 Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 211,465.87 | |||
Cost | [7],[8],[23],[24] | $ 211 | |||
Investments at fair value | [13],[23],[24] | $ 227 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,862.61 Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 211,862.61 | |||
Cost | [7],[8],[23],[24] | $ 212 | |||
Investments at fair value | [13],[23],[24] | $ 231 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,000,000 | |||
Cost | [9],[11],[25],[26] | $ 1,000 | |||
Investments at fair value | [14],[25],[26] | $ 1,354 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 211,862.61 | |||
Cost | [9],[11],[25],[26] | $ 212 | |||
Investments at fair value | [14],[25],[26] | $ 278 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 211,465.87 | |||
Cost | [9],[11],[25],[26] | $ 211 | |||
Investments at fair value | [14],[25],[26] | $ 275 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 6% | [16] | 6% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 11.66% | [16] | 10.87% | [18],[32] | |
Cost | $ 15,575 | [7],[8] | $ 16,540 | [9],[11] | |
Investments at fair value | $ 15,800 | [13] | $ 16,800 | [14] | |
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 5.75% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 10.59% | |||
Cost | [9],[11] | $ 11,367 | |||
Investments at fair value | [14] | $ 11,498 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 11.46% | |||
Cost | [7],[8] | $ 11,306 | |||
Investments at fair value | [13] | $ 11,410 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 6.50% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 11.96% | |||
Cost | [7],[8] | $ 1,632 | |||
Investments at fair value | [13] | $ 1,664 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18] | 8% | |||
Floor | [18] | 1% | |||
Investment interest rate | [18] | 13.16% | |||
Cost | [9],[11] | $ 2,332 | |||
Investments at fair value | [14] | $ 2,357 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.66% | [16] | 12.85% | [18] | |
Cost | $ 11,979 | [7],[8] | $ 13,256 | [9],[11] | |
Investments at fair value | $ 12,200 | [13] | $ 13,257 | [14] | |
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [16] | 9% | |||
Floor | [16] | 1% | |||
Investment interest rate | [16] | 14.66% | |||
Cost | [7],[8] | $ 11,979 | |||
Investments at fair value | [13] | $ 12,200 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16],[20] | 8% | [18] | |
Floor | 1% | [16],[20] | 1% | [18] | |
Cost | $ (36) | [7],[8],[20] | $ (44) | [9],[11] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14] | |
Investment, Identifier [Axis]: VISTAR MEDIA INC., 171,617 shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 171,617 | |||
Cost | [7],[8],[23],[24] | $ 1,874 | |||
Investments at fair value | [13],[23],[24] | $ 8,264 | |||
Investment, Identifier [Axis]: VISTAR MEDIA INC., Shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 171,617 | |||
Cost | [9],[11],[25],[26] | $ 1,874 | |||
Investments at fair value | [14],[25],[26] | $ 9,054 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., 1,597,707 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19],[23],[24] | 1,597,707 | |||
Cost | [7],[8],[23],[24] | $ 1,598 | |||
Investments at fair value | [13],[23],[24] | $ 2,972 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22],[25],[26] | 1,597,707 | |||
Cost | [9],[11],[25],[26] | $ 1,598 | |||
Investments at fair value | [14],[25],[26] | $ 2,694 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., 1,000,000 Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [19] | 1,000,000 | |||
Cost | [7],[8] | $ 1,000 | |||
Investments at fair value | [13] | $ 2,012 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [22] | 1,000,000 | |||
Cost | [9],[11] | $ 1,000 | |||
Investments at fair value | [14] | $ 1,205 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.54% | [16] | 11.75% | [18] | |
Cost | $ 9,201 | [7],[8] | $ 10,436 | [9],[11] | |
Investments at fair value | $ 9,308 | [13] | $ 10,588 | [14] | |
Investment, Identifier [Axis]: WALL STREET PREP, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16],[20] | 7% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (10) | [7],[8],[20] | $ (13) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: WELL-FOAM, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16] | 8% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 13.54% | [16] | 12.75% | [18] | |
Cost | $ 12,434 | [7],[8] | $ 17,466 | [9],[11] | |
Investments at fair value | $ 12,586 | [13] | $ 17,730 | [14] | |
Investment, Identifier [Axis]: WELL-FOAM, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 8% | [16],[20] | 8% | [18],[21] | |
Floor | 1% | [16],[20] | 1% | [18],[21] | |
Cost | $ (50) | [7],[8],[20] | $ (64) | [9],[11],[21] | |
Investments at fair value | $ 0 | [13],[20] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | [18],[21] | 7% | |||
Floor | [18],[21] | 1% | |||
Cost | [9],[11],[21] | $ (32) | |||
Investments at fair value | [14],[21] | $ 0 | |||
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.66% | [16] | 11.75% | [18] | |
Cost | $ 22,431 | [7],[8] | $ 19,693 | [9],[11] | |
Investments at fair value | $ 22,552 | [13] | $ 20,000 | [14] | |
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7% | [16] | 7% | [18],[21] | |
Floor | 1% | [16] | 1% | [18],[21] | |
Investment interest rate | [16],[29] | 12.64% | |||
Cost | $ 4,393 | [7],[8] | $ (65) | [9],[11],[21] | |
Investments at fair value | $ 4,409 | [13] | $ 0 | [14],[21] | |
Investment, Identifier [Axis]: ZENFOLIO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [16] | 9% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 14.55% | [16] | 13.82% | [18] | |
Cost | $ 18,685 | [7],[8] | $ 18,762 | [9],[11] | |
Investments at fair value | $ 18,604 | [13] | $ 18,478 | [14] | |
Investment, Identifier [Axis]: ZENFOLIO INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 9% | [16] | 9% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 14.55% | [16] | 13.82% | [18] | |
Cost | $ 1,996 | [7],[8] | $ 1,994 | [9],[11] | |
Investments at fair value | $ 1,980 | [13] | $ 1,954 | [14] | |
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [16] | 7.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.71% | [16] | 12.15% | [18] | |
Cost | $ 15,539 | [7],[8] | $ 15,611 | [9],[11] | |
Investments at fair value | $ 15,645 | [13] | $ 15,634 | [14] | |
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Variable rate | 7.25% | [16] | 7.25% | [18] | |
Floor | 1% | [16] | 1% | [18] | |
Investment interest rate | 12.71% | [16] | 12.12% | [18],[32] | |
Cost | $ 3,897 | [7],[8] | $ 3,914 | [9],[11] | |
Investments at fair value | $ 3,922 | [13] | $ 3,919 | [14] | |
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. As of December 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $86.8 million; cumulative gross unrealized depreciation for federal income tax purposes was $72.0 million. Cumulative net unrealized appreciation was $14.8 million, based on a tax cost of $1,350.2 million. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. As of March 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $72.3 million; cumulative gross unrealized depreciation for federal income tax purposes was $76.8 million. Cumulative net unrealized depreciation was $4.5 million, based on a tax cost of $1,210.8 million. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. The investment is structured as a first lien first out term loan. The majority of investments bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR") or Prime (“P”) and reset daily (D), monthly (M), quarterly (Q), or semiannually (S). For each investment, the Company has provided the spread over SOFR or Prime and the current contractual interest rate in effect at December 31, 2023. Certain investments are subject to an interest rate floor. Certain investments, as noted, accrue payment-in-kind ("PIK") interest. SOFR based contracts may include a credit spread adjustment (the "Adjustment") that is charged in addition to the stated spread. The Adjustment is applied when the SOFR rate, plus the Adjustment, exceeds the stated floor rate, as applicable. As of December 31, 2023, SOFR based contracts in the portfolio had Adjustments ranging from 0.00% to 0.26161%. The investment is structured as a first lien first out term loan. The majority of investments bear interest at a rate that may be determined by reference to Secured Overnight Financing Rate ("SOFR"), London Interbank Offered Rate (“LIBOR” or “L”), or Prime (“P”) and reset daily (D), monthly (M), quarterly (Q), or semiannually (S). For each investment, the Company has provided the spread over SOFR, LIBOR or Prime and the current contractual interest rate in effect at March 31, 2023. Certain investments are subject to an interest rate floor. Certain investments, as noted, accrue payment-in-kind ("PIK") interest. SOFR based contracts may include a credit spread adjustment (the "Adjustment") that is charged in addition to the stated spread. The Adjustment is applied when the SOFR rate, plus the Adjustment, exceeds the stated floor rate, as applicable. As of March 31, 2023, SOFR based contracts in the portfolio had Adjustments ranging from 0.10% to 0.26161%. All of the Company’s investments and the investments of SBIC I (as defined below), unless otherwise noted, are pledged as collateral for the Company’s senior secured credit facility or in support of the SBA-guaranteed debentures to be issued by Capital Southwest SBIC I, LP, the Company's wholly-owned subsidiary that operates as a small business investment company ("SBIC I"), respectively. The investment has an unfunded commitment as of December 31, 2023. Refer to Note 10 - Commitments and Contingencies for further discussion. The investment has an unfunded commitment as of March 31, 2023. Refer to Note 11 - Commitments and Contingencies to our audited consolidated financial statements for further discussion. All of the Company’s investments and the investments of SBIC I (as defined below), unless otherwise noted, are pledged as collateral for the Company’s senior secured credit facility or in support of the SBA-guaranteed debentures to be issued by Capital Southwest SBIC I, LP, our wholly-owned subsidiary that operates as a small business investment company ("SBIC I"), respectively. Investment is held through a wholly-owned taxable subsidiary. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of December 31, 2023, approximately 14.5% of the Company's total assets (at fair value) were non-qualifying assets. Investment is held through a wholly-owned taxable subsidiary. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of March 31, 2023, approximately 13.9% of the Company's assets were non-qualifying assets. The investment is structured as a first lien last out term loan. The investment is structured as a first lien last out term loan. The rate presented represents a weighted-average rate for borrowings under the facility as of December 31, 2023. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. The rate presented represents a weighted-average rate for borrowings under the facility as of March 31, 2023. Investment is on non-accrual status as of December 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Investment is on non-accrual status as of March 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Portfolio company headquarters are located outside of the United States. Income producing through dividends or distributions. Income producing through dividends or distributions. |
CONSOLIDATED SCHEDULE OF INVE_3
CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical Footnotes) - USD ($) $ in Millions | Dec. 31, 2023 | Mar. 31, 2023 | |
Schedule of Investments [Line Items] | |||
Percentage of Net Assets at Fair Value | 189.33% | [1],[2],[3],[4],[5],[6] | 204.30% |
Contribution percentage in non-qualified assets | 14.50% | 13.90% | |
Gross unrealized appreciation | $ 86.8 | $ 72.3 | |
Gross unrealized depreciation | 72 | 76.8 | |
Net unrealized appreciation (depreciation) | 14.8 | (4.5) | |
Cost of investments | $ 1,350.2 | $ 1,210.8 | |
Percent of total assets | 95.50% | 95.90% | |
Non-control/Non-affiliate investments | |||
Schedule of Investments [Line Items] | |||
Percent of investment assets | 82.40% | 80.10% | |
Percentage of Net Assets at Fair Value | 156% | 163.70% | |
Affiliate investments | |||
Schedule of Investments [Line Items] | |||
Percent of investment assets | 13.60% | 15.60% | |
Percentage of Net Assets at Fair Value | 25.80% | 31.90% | |
Control investments | |||
Schedule of Investments [Line Items] | |||
Percent of investment assets | 4% | 4.20% | |
Percentage of Net Assets at Fair Value | 7.50% | 8.70% | |
SOFR | Minimum | |||
Schedule of Investments [Line Items] | |||
Variable rate adjustment | 0% | 0.10% | |
SOFR | Maximum | |||
Schedule of Investments [Line Items] | |||
Variable rate adjustment | 0.26161% | 0.26161% | |
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. |
ORGANIZATION AND BASIS OF PRESE
ORGANIZATION AND BASIS OF PRESENTATION | 9 Months Ended |
Dec. 31, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION AND BASIS OF PRESENTATION | ORGANIZATION AND BASIS OF PRESENTATION References in this Quarterly Report on Form 10-Q to “we,” “our,” “us,” “CSWC,” or the “Company” refer to Capital Southwest Corporation, unless the context requires otherwise. Organization Capital Southwest Corporation is an internally managed investment company that specializes in providing customized financing to middle market companies in a broad range of investment segments located primarily in the United States. CSWC has elected to be regulated as a business development company under the 1940 Act. Our common stock currently trades on The Nasdaq Global Select Market under the ticker symbol “CSWC.” We have elected, and intend to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the U.S. Internal Revenue Code of 1986, as amended (the “Code”). As such, we generally will not have to pay U.S. federal income tax at corporate rates on any ordinary income or capital gains that we distribute to our shareholders as dividends. To continue to maintain our RIC tax treatment, we must meet specified source-of-income and asset diversification requirements and timely distribute annually at least 90% of our net ordinary income and realized net short-term capital gains in excess of realized net long-term capital losses, if any. We may be subject to U.S. federal income tax and a 4% U.S. federal excise tax on any income that we do not timely distribute to our shareholders. Our U.S. federal income tax liability may be reduced to the extent that we make certain distributions during the following calendar year and satisfy other procedural requirements. We focus on investing in companies with histories of generating revenues and positive cash flow, established market positions and proven management teams with strong operating discipline. Our core business is to target senior debt investments and equity investments in lower middle market (“LMM”) companies. We also opportunistically target first and second lien loans in upper middle market (“UMM”) companies. Our target LMM companies typically have annual earnings before interest, taxes, depreciation and amortization (“EBITDA”) generally between $3.0 million and $20.0 million, and our LMM investments generally range in size from $5.0 million to $35.0 million. Our UMM investments generally include first and second lien loans in companies with EBITDA generally greater than $20.0 million, and our UMM investments typically range in size from $5.0 million to $20.0 million. We make available significant managerial assistance to the companies in which we invest as we believe that providing managerial assistance to an investee company is critical to its business development activities. CSWC has a direct wholly-owned subsidiary that has been elected to be a taxable entity (the “Taxable Subsidiary”). The primary purpose of the Taxable Subsidiary is to permit CSWC to hold certain interests in portfolio companies that are organized as limited liability companies, or LLCs (or other forms of pass-through entities), and still allow us to satisfy the RIC tax requirement that at least 90% of our gross income for U.S. federal income tax purposes must consist of qualifying investment income. The Taxable Subsidiary is taxed at normal corporate tax rates based on its taxable income. On April 20, 2021, our wholly owned subsidiary, Capital Southwest SBIC I, LP (“SBIC I”), received a license from the U.S. Small Business Administration (the “SBA”) to operate as a small business investment company ("SBIC") under Section 301(c) of the Small Business Investment Act of 1958, as amended. SBIC I has an investment strategy substantially similar to ours and makes similar types of investments in accordance with SBA regulations. SBIC I and its general partner are consolidated for financial reporting purposes under generally accepted accounting principles in the United States ("U.S. GAAP"), and the portfolio investments held by it are included in the consolidated financial statements. Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. GAAP. We meet the definition of an investment company and follow the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”). Under rules and regulations applicable to investment companies, we are generally precluded from consolidating any entity other than another investment company, subject to certain exceptions. One of the exceptions to this general principle occurs if the investment company has an investment in an operating company that provides services to the investment company. Accordingly, the consolidated financial statements include the Taxable Subsidiary and SBIC I. The consolidated financial statements are presented in conformity with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain disclosures accompanying annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of our management, the unaudited consolidated financial results included herein contain all adjustments, consisting solely of normal recurring accruals, considered necessary for the fair presentation of consolidated financial statements for the interim periods included herein. The results of operations for the three and nine months ended December 31, 2023 are not necessarily indicative of the operating results to be expected for the full fiscal year. Also, the unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal years ended March 31, 2023 and 2022. Consolidated financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the amounts and disclosures reported in the consolidated financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein. Portfolio Investment Classification We classify our investments in accordance with the requirements of the 1940 Act. Under the 1940 Act, “Control Investments” are generally defined as investments in which we own more than 25% of the voting securities; “Affiliate Investments” are generally defined as investments in which we own between 5% and 25% of the voting securities, and the investments are not classified as “Control Investments”; and “Non-Control/Non-Affiliate Investments” are generally defined as investments that are neither “Control Investments” nor “Affiliate Investments.” Under the 1940 Act, a BDC must meet certain requirements, including investing at least 70% of its total assets in qualifying assets. As of December 31, 2023, the Company has 85.5% of its total assets (at fair value) in qualifying assets. The principal categories of qualifying assets relevant to our business are: (1) securities purchased in transactions not involving any public offering from the issuer of such securities, which issuer (subject to certain limited exceptions) is an "eligible portfolio company," or from any person who is, or has been during the preceding 13 months, an affiliated person of an eligible portfolio company, or from any other person, subject to such rules as may be prescribed by the Securities and Exchange Commission ("SEC"); (2) securities of any eligible portfolio company that we control; (3) securities purchased in a private transaction from a U.S. issuer that is not an investment company or from an affiliated person of the issuer, or in transactions incident thereto, if the issuer is in bankruptcy and subject to reorganization or if the issuer, immediately prior to the purchase of its securities was unable to meet its obligations as they came due without material assistance other than conventional lending or financing arrangements; (4) securities of an eligible portfolio company purchased from any person in a private transaction if there is no readily available market for such securities and we already own 60% of the outstanding equity of the eligible portfolio company; (5) securities received in exchange for or distributed on or with respect to securities described in (1) through (4) above, or pursuant to the exercise of warrants or rights relating to such securities; and (6) cash, cash equivalents, U.S. government securities or high-quality debt securities maturing in one year or less from the time of investment. Additionally, in order to qualify for RIC tax treatment for U.S. federal income tax purposes, we must, among other things meet the following requirements: (1) continue to maintain our election as a BDC under the 1940 Act at all times during each taxable year; (2) derive in each taxable year at least 90% of our gross income from dividends, interest, payments with respect to certain securities, loans, gains from the sale of stock or other securities, net income from certain "qualified publicly traded partnerships," or other income derived with respect to our business of investing in such stock or securities; and (3) diversify our holdings in accordance with two diversification requirements: (a) diversify our holdings such that at the end of each quarter of the taxable year at least 50% of the value of our assets consists of cash, cash equivalents, U.S. Government securities, securities of other RICs, and such other securities if such other securities of any one issuer do not represent more than 5% of the value of our assets or more than 10% of the outstanding voting securities of the issuer; and (b) diversify our holdings such that no more than 25% of the value of our assets is invested in the securities, other than U.S. government securities or securities of other RICs, (i) of one issuer, (ii) of two or more issuers that are controlled, as determined under applicable Code rules, by us and that are engaged in the same or similar or related trades or businesses or (iii) of certain "qualified publicly traded partnerships" (collectively, the "Diversification Requirements"); The two Diversification Requirements must be satisfied quarterly. If a RIC satisfies the Diversification Requirements for one quarter, and then, due solely to fluctuations in market value, fails to meet one of the Diversification Requirements in the next quarter, it retains RIC tax treatment. A RIC that fails to meet the Diversification Requirements as a result of a nonqualified acquisition may be subject to excess taxes unless the nonqualified acquisition is disposed of and the Diversification Requirements are satisfied within 30 days of the close of the quarter in which the Diversification Requirements are failed. For the quarter ended December 31, 2023, we satisfied all RIC requirements and have 10.4% in nonqualified assets according to measurement criteria established in Section 851(d) of the Code. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The following is a summary of significant accounting policies followed in the preparation of the consolidated financial statements of CSWC. Fair Value Measurements We account for substantially all of our financial instruments at fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. ASC 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. We believe that the carrying amounts of our financial instruments such as cash, receivables and payables approximate the fair value of these items due to the short maturity of these instruments. This is considered a Level 1 valuation technique. The carrying value of our credit facility approximates fair value (Level 3 input). See Note 4 below for further discussion regarding the fair value measurements and hierarchy. Investments Investments are stated at fair value and are determined by the Valuation Committee as the Valuation Designee pursuant to Rule 2a-5 under the 1940 Act, subject to the oversight of our Board of Directors, as described in the Notes to the Consolidated Schedule of Investments and Notes 3 and 4 below. Investments are recorded on a trade date basis. Net Realized Gains or Losses and Net Unrealized Appreciation or Depreciation Realized gains or losses are measured by the difference between the net proceeds from the sale or redemption of an investment or a financial instrument and the cost basis of the investment or financial instrument, without regard to unrealized appreciation or depreciation previously recognized, and includes investments written-off during the period net of recoveries and realized gains or losses from in-kind redemptions. Net unrealized appreciation or depreciation reflects the net change in the fair value of the investment portfolio and financial instruments and the reclassification of any prior period unrealized appreciation or depreciation on exited investments and financial instruments to realized gains or losses. Cash and Cash Equivalents Cash and cash equivalents, which consist of cash and highly liquid investments with an original maturity of three months or less at the date of purchase, are carried at cost, which approximates fair value. Cash may be held in a money market fund from time to time, which is a Level 1 security. At December 31, 2023 and March 31, 2023, cash held in money market funds amounted to $3.0 million and $8.9 million, respectively. Cash and cash equivalents includes deposits at financial institutions. We deposit our cash balances in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. At December 31, 2023 and March 31, 2023, cash balances totaling $22.4 million and $20.3 million, respectively, exceeded FDIC insurance limits, subjecting us to risk related to the uninsured balance. All of our cash deposits are held at large established high credit quality financial institutions and management believes that the risk of loss associated with any uninsured balances is remote. Segment Information We operate and manage our business in a singular segment. As an investment company, we invest in portfolio companies in various industries and geographic areas as discussed in Note 3. Consolidation As permitted under Regulation S-X and ASC 946, we generally do not consolidate our investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to CSWC. Accordingly, we consolidate the results of the Taxable Subsidiary and SBIC I. All intercompany balances have been eliminated upon consolidation. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. We have identified investment valuation and revenue recognition as our most critical accounting estimates. Interest and Dividend Income Interest and dividend income is recorded on an accrual basis to the extent amounts are expected to be collected. Dividend income is recognized on the date dividends are declared by the portfolio company or at the point an obligation exists for the portfolio company to make a distribution. Discounts/premiums received to par on loans purchased are capitalized and accreted or amortized into income over the life of the loan using the effective interest method. In accordance with our valuation policy, accrued interest and dividend income is evaluated quarterly for collectability. When we do not expect the debtor to be able to service all of its debt or other obligations, we generally will establish a reserve against interest income receivable, thereby placing the loan or debt security on non-accrual status, and cease to recognize interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security’s status significantly improves regarding its ability to service debt or other obligations, it will be restored to accrual basis. As of December 31, 2023, investments on non-accrual status represented approximately 2.2% of our total investment portfolio's fair value and approximately 2.8% of its cost. As of March 31, 2023, investments on non-accrual status represented approximately 0.3% of our total investment portfolio's fair value and approximately 1.3% of its cost. To maintain RIC tax treatment, non-cash sources of income, such as accretion of interest income, may need to be paid out to shareholders in the form of distributions, even though CSWC may not have collected the interest income. For the three months ended December 31, 2023 and 2022, approximately 2.7% and 3.2%, respectively, of CSWC's total investment income was attributable to non-cash interest income for the accretion of discounts associated with debt investments, net of any premium reduction. For the nine months ended December 31, 2023 and 2022, approximately 3.0% and 3.5%, respectively, of CSWC's total investment income was attributable to non-cash interest income for the accretion of discounts associated with debt investments, net of any premium reduction. Payment-in-Kind Interest The Company currently holds, and expects to hold in the future, some investments in its portfolio that contain PIK interest provisions. The PIK interest, computed at the contractual rate specified in each loan agreement, is added to the principal balance of the loan, rather than being paid to the Company in cash, and is recorded as interest income. Thus, the actual collection of PIK interest may be deferred until the time of debt principal repayment. PIK interest, which is a non-cash source of income, is included in the Company’s taxable income and therefore affects the amount the Company is required to distribute to shareholders to maintain its qualification as a RIC for U.S. federal income tax purposes, even though the Company has not yet collected the cash. Generally, when current cash interest and/or principal payments on a loan become past due, or if the Company otherwise does not expect the borrower to be able to service its debt and other obligations, the Company will place the investment on non-accrual status and will generally cease recognizing PIK interest income on that loan for financial reporting purposes until all principal and interest have been brought current through payment or due to a restructuring such that the interest income is deemed to be collectible. The Company writes off any accrued and uncollected PIK interest when it is determined that the PIK interest is no longer collectible. As of December 31, 2023 and 2022, we have not written off any accrued and uncollected PIK interest from prior periods. For the three and nine months ended December 31, 2023, we had three and four investments, respectively, for which we stopped accruing PIK interest. For the year ended March 31, 2023, we had three investments for which we stopped accruing PIK interest. For the three months ended December 31, 2023 and 2022, approximately 8.4% and 4.6%, respectively, of CSWC’s total investment income was attributable to non-cash PIK interest income. For the nine months ended December 31, 2023 and 2022, approximately 5.5% and 4.4%, respectively, of CSWC’s total investment income was attributable to non-cash PIK interest income. Fee Income Fee income, generally collected in advance, includes fees for administration and valuation services rendered by the Company. These fees are typically charged annually and are amortized into income over the year. The Company recognizes nonrecurring fees, including prepayment penalties, waiver fees and amendment fees, as fee income when earned. In addition, the Company also may be entitled to an exit fee that is amortized into income over the life of the loan. Loan exit fees to be paid at the termination of the loan are accreted into fee income over the contractual life of the loan. Warrants In connection with the Company's debt investments, the Company may receive warrants or other equity-related securities from the borrower. The Company determines the cost basis of warrants based upon their respective fair values on the date of receipt in proportion to the total fair value of the debt and warrants received. Any resulting difference between the face amount of the debt and its recorded fair value resulting from the assignment of value to the warrants is treated as original issue discount (“OID”), and accreted into interest income using the effective interest method over the term of the debt investment. Debt Issuance Costs Debt issuance costs include commitment fees and other costs related to CSWC’s senior secured revolving credit facility, its unsecured notes (as discussed further in Note 5) and the debentures guaranteed by the SBA (the "SBA Debentures"). The costs in connection with the credit facility have been capitalized and are amortized into interest expense over the term of the credit facility. The costs in connection with the unsecured notes and the SBA Debentures are a direct deduction from the related debt liability and amortized into interest expense over the term of the January 2026 Notes (as defined below), the October 2026 Notes (as defined below), the August 2028 Notes (as defined below) and the SBA Debentures. Deferred Offering Costs Deferred offering costs include registration expenses related to our shelf registration statement and expenses related to the launch of the "at-the-market" program through which we can sell, from time to time, shares of our common stock (the "Equity ATM Program"). These expenses consist primarily of SEC registration fees, legal fees and accounting fees incurred related thereto. These expenses are included in other assets on the Consolidated Statements of Assets and Liabilities. Upon the completion of an equity offering or a debt offering, the deferred expenses are charged to additional paid-in capital or debt issuance costs, respectively. If there are any deferred offering costs remaining at the expiration of the shelf registration statement, these deferred costs are charged to expense. Realized Losses on Extinguishment of Debt Upon the repayment of debt obligations that are deemed to be extinguishments, the difference between the principal amount due at maturity adjusted for any unamortized debt issuance costs is recognized as a loss (i.e., the unamortized debt issuance costs and any "make-whole" premium payment (as discussed in Note 5)) are recognized as a loss upon extinguishment of the underlying debt obligation). Leases The Company is obligated under an operating lease pursuant to which it is leasing an office facility from a third party with a remaining term of approximately 8.75 years. The operating lease is included as an operating lease right-of-use ("ROU") asset and operating lease liability in the accompanying Consolidated Statements of Assets and Liabilities. The Company does not have any financing leases. The ROU asset represents the Company’s right to use an underlying asset for the lease term and the operating lease liability represents the Company’s obligation to make lease payments arising from such lease. Operating lease ROU assets and liabilities are recognized at the commencement date based on the present value of lease payments over the remaining lease term. The Company’s lease does not provide an implicit discount rate, and as such the Company uses its incremental borrowing rate based on the information available at the commencement date in determining the present value of the remaining lease payments. Lease expense is recognized on a straight-line basis over the remaining lease term. Federal Income Taxes CSWC has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subsection M of the Code. By meeting these requirements, we will not be subject to U.S. federal income taxes at corporate rates on ordinary income or capital gains timely distributed to shareholders. In order to qualify as a RIC, the Company is required to timely distribute to its shareholders at least 90% of investment company taxable income, as defined by the Code, each year. Investment company taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Investment company taxable income generally excludes net unrealized appreciation or depreciation, as investment gains and losses are not included in investment company taxable income until they are realized. Depending on the level of taxable income or capital gains earned in a tax year, we may choose to carry forward taxable income or capital gains in excess of current year distributions into the next year and pay a 4% U.S. federal excise tax on such income. Any such carryover taxable income or capital gains must be distributed through a dividend declared on or prior to the later of (1) the filing of the U.S. federal income tax return for the applicable fiscal year and (2) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. In lieu of distributing our net capital gains for a year, we may decide to retain some or all of our net capital gains. We will be required to pay a 21% corporate rate U.S. federal income tax on any such retained net capital gains. We may elect to treat such retained capital gain as a deemed distribution to shareholders. Under such circumstances, shareholders will be required to include their share of such retained capital gain in income, but will receive a credit for the amount of U.S. federal income tax paid at corporate rates with respect to their shares. As an investment company that qualifies as a RIC, federal income taxes payable on security gains that we elect to retain are accrued only on the last day of our tax year, December 31. Any net capital gains actually distributed to shareholders and properly reported by us as capital gain dividends are generally taxable to the shareholders as long-term capital gains. See Note 6 for further discussion. The Taxable Subsidiary, a wholly-owned subsidiary of CSWC, is not a RIC and is required to pay taxes at the corporate rate of 21%. For tax purposes, the Taxable Subsidiary has elected to be treated as a taxable entity, and therefore is not consolidated for tax purposes and is taxed at normal corporate tax rates based on taxable income and, as a result of its activities, may generate an income tax provision or benefit. The taxable income, or loss, of the Taxable Subsidiary may differ from its book income, or loss, due to temporary book and tax timing differences and permanent differences. This income tax provision, or benefit, if any, and the related tax assets and liabilities, are reflected in our consolidated financial statements. Management evaluates tax positions taken or expected to be taken in the course of preparing the Company’s consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions with respect to tax at the CSWC level not deemed to meet the “more-likely-than-not” threshold would be recorded as an expense in the current year. Management’s conclusions regarding tax positions will be subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. The Company has concluded that it does not have any uncertain tax positions that meet the recognition of measurement criteria of ASC Topic 740, Income Taxes , ("ASC 740") for the current period. Also, we account for interest and, if applicable, penalties for any uncertain tax positions as a component of income tax provision. No interest or penalties expense was recorded during the three and nine months ended December 31, 2023 and 2022. Deferred Taxes Deferred tax assets and liabilities are recorded for losses or income at the Taxable Subsidiary using statutory tax rates. A valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC 740 requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation was enacted. See Note 6 for further discussion. Stock-Based Compensation We account for our share-based compensation using the fair value method, as prescribed by ASC Topic 718, Compensation – Stock Compensation . Accordingly, we recognize share-based compensation cost on a straight-line basis for all share-based payments awards granted to employees. For restricted stock awards, we measure the fair value based upon the market price of our common stock on the date of the grant. For restricted stock awards, we amortize this fair value to share-based compensation expense over the vesting term. We recognize forfeitures as they occur. The unvested shares of restricted stock awarded pursuant to CSWC’s equity compensation plans are participating securities and are included in the basic and diluted earnings per share calculation. The right to grant restricted stock awards under the 2010 Plan terminated on July 18, 2021, ten years after the date that the 2010 Restricted Stock Award Plan (the “2010 Plan”) was approved by the Company’s shareholders pursuant to its terms. In connection with the termination of the 2010 Plan, the Board of Directors and shareholders approved the Capital Southwest Corporation 2021 Employee Restricted Stock Award Plan (the "2021 Employee Plan"), which became effective on July 28, 2021, as part of the compensation package for its employees, the terms of which are, in all material respects, identical to the 2010 Plan. On July 19, 2021, we received an exemptive order that supersedes the prior exemptive order relating to the 2010 Plan (the “Order”) to permit the Company to (i) issue restricted stock as part of the compensation package for its employees in the 2021 Employee Plan, and (ii) withhold shares of the Company’s common stock or purchase shares of the Company’s common stock from the participants to satisfy tax withholding obligations relating to the vesting of restricted stock pursuant to the 2021 Employee Plan. In addition, the Board of Directors and shareholders approved the Capital Southwest Corporation 2021 Non-Employee Director Restricted Stock Plan (the "Non-Employee Director Plan"), which became effective on July 27, 2022, as part of the compensation package for non-employee directors of the Board of Directors. In connection therewith, on May 16, 2022, we received an exemptive order that supersedes the Order (the "Superseding Order") and covers both employees and non-employee directors of the Board of Directors. Shareholder Distributions Distributions to common shareholders are recorded on the ex-dividend date. The amount of distributions, if any, is determined by the Board of Directors each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, generally are distributed, although the Company may decide to retain such capital gains for investment. Presentation Presentation of certain amounts in the consolidated financial statements for the prior year comparative consolidated financial statements is updated to conform to the current period presentation. Recently Issued or Adopted Accounting Standards In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which was issued to (1) clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amend a related illustrative example, and (3) introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The new guidance is effective for interim and annual periods beginning after December 15, 2023. The Company does not anticipate the new standard will have a material impact on its consolidated financial statements or its disclosures. |
INVESTMENTS
INVESTMENTS | 9 Months Ended |
Dec. 31, 2023 | |
Schedule of Investments [Abstract] | |
INVESTMENTS | INVESTMENTS The following table shows the composition of the investment portfolio, at fair value and cost (with corresponding percentage of total portfolio investments) as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: First lien loans 1,2 $ 1,146,355 84.0 % 159.0 % $ 1,155,923 84.4 % Second lien loans 2 34,614 2.5 4.8 41,846 3.0 Subordinated debt 3 768 0.1 0.1 768 0.1 Preferred equity 68,644 5.0 9.5 54,314 4.0 Common equity & warrants 60,456 4.4 8.4 36,255 2.6 I-45 SLF LLC 4 54,200 4.0 7.5 80,800 5.9 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % March 31, 2023: First lien loans 1,2 $ 1,000,984 83.0 % 169.5 % $ 1,018,595 83.5 % Second lien loans 2 35,820 3.0 6.1 44,038 3.6 Subordinated debt 3 791 0.1 0.1 763 0.1 Preferred equity 63,393 5.2 10.7 43,634 3.6 Common equity & warrants 54,144 4.5 9.2 32,322 2.6 I-45 SLF LLC 4 51,256 4.2 8.7 80,800 6.6 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 Included in first lien loans are loans structured as first lien last out loans. These loans may, in certain cases, be subordinated in payment priority to other senior secured lenders. As of December 31, 2023 and March 31, 2023, the fair value of the first lien last out loans are $34.7 million and $50.1 million, respectively. 2 Included in first lien loans and second lien loans are loans structured as split lien term loans. These loans provide the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. As of December 31, 2023 and March 31, 2023, the fair value of the split lien term loans included in first lien loans is $43.8 million and $45.0 million, respectively. As of December 31, 2023 and March 31, 2023, the fair value of the split lien term loans included in second lien loans is $20.5 million and $20.2 million, respectively. 3 Included in subordinated debt are unsecured convertible notes with a fair value of $0.4 million as of both December 31, 2023 and March 31, 2023. 4 I-45 SLF LLC is a joint venture between CSWC and Main Street Capital Corporation. This entity primarily invests in syndicated senior secured loans to the UMM. The portfolio companies held by I-45 SLF LLC represent a diverse set of industry classifications, which are similar to those in which CSWC invests directly. The following tables show the composition of the investment portfolio by industry, at fair value and cost (with corresponding percentage of total portfolio investments) as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: Healthcare Services $ 201,462 14.8 % 27.9 % $ 211,005 15.4 % Media & Marketing 172,578 12.6 23.9 168,006 12.3 Business Services 148,002 10.8 20.5 155,291 11.3 Consumer Services 100,527 7.4 13.9 99,903 7.3 Food, Agriculture & Beverage 89,397 6.5 12.4 97,909 7.1 Consumer Products and Retail 85,638 6.3 11.9 83,561 6.1 Healthcare Products 80,257 5.9 11.2 78,335 5.7 Financial Services 57,827 4.2 8.0 42,913 3.1 Transportation & Logistics 54,361 4.0 7.5 46,502 3.4 I-45 SLF LLC 1 54,200 4.0 7.5 80,800 5.9 Industrial Products 52,545 3.9 7.3 39,484 2.9 Environmental Services 44,165 3.3 6.1 43,153 3.2 Software & IT Services 33,211 2.4 4.6 32,186 2.3 Industrial Services 29,924 2.2 4.2 29,438 2.1 Aerospace & Defense 22,500 1.6 3.1 21,792 1.6 Education 22,466 1.6 3.1 25,539 1.9 Distribution 16,490 1.2 2.3 18,611 1.4 Telecommunications 15,818 1.2 2.2 16,619 1.3 Technology Products & Components 15,812 1.2 2.2 9,838 0.7 Restaurants 15,680 1.1 2.2 15,664 1.1 Energy Services (Midstream) 15,313 1.1 2.1 15,223 1.1 Specialty Chemicals 15,102 1.1 2.1 15,100 1.1 Energy Services (Upstream) 12,586 0.9 1.8 12,384 0.9 Containers & Packaging 9,176 0.7 1.3 10,650 0.8 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) March 31, 2023: Media & Marketing $ 149,357 12.4 % 25.3 % $ 139,750 11.5 % Business Services 146,727 12.2 24.9 147,056 12.1 Healthcare Services 126,971 10.5 21.5 143,455 11.8 Consumer Services 91,913 7.6 15.6 91,142 7.5 Consumer Products and Retail 86,385 7.2 14.6 86,607 7.1 Food, Agriculture & Beverage 68,833 5.7 11.7 73,223 6.0 Healthcare Products 66,355 5.5 11.2 67,555 5.5 Technology Products & Components 59,718 5.0 10.1 43,016 3.5 I-45 SLF LLC 1 51,256 4.2 8.7 80,800 6.6 Transportation & Logistics 48,494 4.0 8.2 42,049 3.4 Software & IT Services 47,641 3.9 8.1 47,563 3.9 Financial Services 40,420 3.3 6.8 30,950 2.5 Industrial Products 32,518 2.7 5.5 25,827 2.1 Environmental Services 29,753 2.5 5.0 34,869 2.9 Education 26,357 2.2 4.5 25,995 2.1 Industrial Services 25,460 2.1 4.3 24,920 2.0 Energy Services (Midstream) 22,829 1.9 3.9 23,337 1.9 Specialty Chemicals 17,839 1.5 3.0 17,531 1.4 Energy Services (Upstream) 17,730 1.5 3.0 17,402 1.4 Telecommunications 17,386 1.4 2.9 21,796 1.9 Distribution 16,315 1.4 2.8 18,755 1.5 Containers & Packaging 10,131 0.8 1.7 10,656 0.9 Aerospace & Defense 6,000 0.5 1.0 5,898 0.5 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 I-45 SLF LLC is a joint venture between CSWC and Main Street Capital Corporation. This entity primarily invests in syndicated senior secured loans to the UMM. The portfolio companies in I-45 SLF LLC represent a diverse set of industry classifications, which are similar to those in which CSWC invests directly. The following tables summarize the composition of the investment portfolio by geographic region of the United States, at fair value and cost (with corresponding percentage of total portfolio investments), as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: Northeast $ 355,661 26.1 % 49.3 % $ 336,213 24.5 % West 296,438 21.7 41.1 288,503 21.1 Southwest 231,386 16.9 32.1 236,949 17.3 Southeast 209,207 15.3 29.0 210,688 15.4 Midwest 172,267 12.6 23.9 173,508 12.7 I-45 SLF LLC 1 54,200 4.0 7.5 80,800 5.9 International 45,878 3.4 6.4 43,245 3.1 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % March 31, 2023: Northeast $ 269,569 22.3 % 45.7 % $ 255,995 21.0 % Southeast 235,782 19.5 39.9 236,333 19.4 Southwest 234,127 19.4 39.6 231,467 19.0 West 233,079 19.3 39.5 232,109 19.0 Midwest 156,233 13.1 26.4 158,989 13.0 I-45 SLF LLC 1 51,256 4.2 8.7 80,800 6.6 International 26,342 2.2 4.5 24,459 2.0 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 |
FAIR VALUE MEASUREMENTS
FAIR VALUE MEASUREMENTS | 9 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
FAIR VALUE MEASUREMENTS | FAIR VALUE MEASUREMENTS Investment Valuation Process Beginning as of the fiscal quarter ended June 30, 2023, pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors has designated the Valuation Committee comprised of certain officers of the Company as the Valuation Designee to determine the fair value of the Company's investments that do not have readily available market quotations, subject to the oversight of the Board of Directors. The valuation process is led by the valuation team and the Valuation Committee in conjunction with the investment team. The process includes a quarterly review of each investment by our valuation team and the Valuation Committee. Valuations of each portfolio security are prepared quarterly by the valuation team using updated financial and other operational information collected from the investment team. In conjunction with the internal valuation process, the Valuation Committee also has engaged multiple independent consulting firms specializing in financial due diligence, valuation, and business advisory services to provide third-party valuation reviews and an independent range of values for selected investments, which is presented to the Valuation Committee. CSWC also uses a standard internal investment rating system in connection with its investment oversight, portfolio management, and investment valuation procedures for its debt portfolio. This system takes into account both quantitative and qualitative factors of the portfolio company and the investments held therein. There is no single standard for determining fair value in good faith, as fair value depends upon the specific circumstances of each individual investment. While management believes our valuation methodologies are appropriate and consistent with market participants, the recorded fair values of our investments may differ significantly from fair values that would have been used had an active market for the securities existed. In addition, changes in the market environment and other events that may occur over the life of the investments may cause the gains or losses ultimately realized on these investments to be different than the valuations currently assigned. Fair Value Hierarchy CSWC has established and documented processes for determining the fair values of portfolio company investments on a recurring basis in accordance with the 1940 Act and ASC 820. As required by ASC 820, 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). Therefore, unrealized appreciation and depreciation related to such investments categorized within the Level 3 tables below may include changes in fair value that are attributable to both observable inputs (Levels 1 and 2) and unobservable inputs (Level 3). CSWC conducts reviews of fair value hierarchy classifications on a quarterly basis. We also use judgment and consider factors specific to the investment in determining the significance of an input to a fair value measurement. The three levels of valuation inputs established by ASC 820 are as follows: • Level 1: Investments whose values are based on unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2: Investments whose values are based on quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. • Level 3: Investments whose values are based on unobservable inputs that are significant to the overall fair value measurement. As of December 31, 2023 and March 31, 2023, 100% of the CSWC investment portfolio consisted of privately held debt and equity instruments for which inputs falling within the categories of Level 1 and Level 2 are generally not readily available. Therefore, the Valuation Committee determines the fair value of our investments (excluding investments for which fair value is measured at net asset value ("NAV")) in good faith using Level 3 inputs, pursuant to CSWC's valuation policy and procedures subject to the oversight of the Board of Directors. Investment Valuation Inputs ASC 820 defines fair value in terms of the price that would be received upon the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date excluding transaction costs. Under ASC 820, the fair value measurement also assumes that the transaction to sell an asset occurs in the principal market for the asset or, in the absence of a principal market, the most advantageous market for the asset. The principal market is the market in which the reporting entity would sell or transfer the asset with the greatest volume and level of activity for the asset. In determining the principal market for an asset or liability under ASC 820, it is assumed that the reporting entity has access to the market as of the measurement date. The Level 3 inputs to CSWC’s valuation process reflect our best estimate of the assumptions that would be used by market participants in pricing the investment in a transaction in the principal or most advantageous market for the asset. The fair value determination of each portfolio investment categorized as Level 3 required one or more of the following unobservable inputs: • financial information obtained from each portfolio company, including unaudited statements of operations and balance sheets for the most recent period available as compared to budgeted numbers; • current and projected financial condition of the portfolio company; • current and projected ability of the portfolio company to service its debt obligations; • type and amount of collateral, if any, underlying the investment; • current financial ratios (e.g., fixed charge coverage ratio, interest coverage ratio and net debt/EBITDA ratio) applicable to the investment; • current liquidity of the investment and related financial ratios (e.g., current ratio and quick ratio); • indicative dealer quotations from brokers, banks, and other market participants; • market yields on other securities of similar risk; • pending debt or capital restructuring of the portfolio company; • projected operating results of the portfolio company; • current information regarding any offers to purchase the investment; • current ability of the portfolio company to raise any additional financing as needed; • changes in the economic environment which may have a material impact on the operating results of the portfolio company; • internal occurrences that may have an impact (both positive and negative) on the operating performance of the portfolio company; • qualitative assessment of key management; • contractual rights, obligations or restrictions associated with the investment; and • other factors deemed relevant. CSWC uses several different valuation approaches depending on the security type including the Market Approach, the Income Approach, the Enterprise Value Waterfall Approach, and the NAV Valuation Method. Market Approach Market Approach is a qualitative and quantitative analysis of the aforementioned unobservable inputs. It is a combination of the Enterprise Value Waterfall Approach and Income Approach as described in detail below. For investments recently originated (within a quarterly reporting period) or where the value has not departed significantly from its cost, we generally rely on our cost basis or recent transaction price to determine the fair value, unless a material event has occurred since origination. Income Approach In valuing debt securities, CSWC typically uses an Income Approach model, which considers some or all of the factors listed above. Under the Income Approach, CSWC develops an expectation of the yield that a hypothetical market participant would require when purchasing each debt investment (the “Required Market Yield”). The Required Market Yield is calculated in a two-step process. First, using quarterly market data we estimate the current market yield of similar debt securities. Next, based on the factors described above, we modify the current market yield for each security to produce a unique Required Market Yield for each of our investments. The resulting Required Market Yield is the significant Level 3 input to the Income Approach model. If, with respect to an investment, the unobservable inputs have not fluctuated significantly from the date the investment was made or have not fluctuated significantly from CSWC’s expectations on the date the investment was made, and there have been no significant fluctuations in the market pricing for such investments, we may conclude that the Required Market Yield for that investment is equal to the stated rate on the investment. In instances where CSWC determines that the Required Market Yield is different from the stated rate on the investment, we discount the contractual cash flows on the debt instrument using the Required Market Yield in order to estimate the fair value of the debt security. In addition, under the Income Approach, CSWC also determines the appropriateness of the use of third-party broker quotes, if any, as a significant Level 3 input in determining fair value. In determining the appropriateness of the use of third-party broker quotes, CSWC evaluates the level of actual transactions used by the broker to develop the quote, whether the quote was an indicative price or binding offer, the depth and consistency of broker quotes, the source of the broker quotes, and the correlation of changes in broker quotes with underlying performance of the portfolio company and other market indices. To the extent sufficient observable inputs are available to determine fair value, CSWC may use third-party broker quotes or other independent pricing to determine the fair value of certain debt investments. Fair value measurements using the Income Approach model can be sensitive to significant changes in one or more of the inputs. A significant increase (decrease) in the Required Market Yield for a particular debt security may result in a lower (higher) fair value for that security. A significant increase (decrease) in a third-party broker quote for a particular debt security may result in a higher (lower) value for that security. Enterprise Value Waterfall Approach In valuing equity securities (including warrants), CSWC estimates fair value using an Enterprise Value Waterfall valuation model. CSWC estimates the enterprise value of a portfolio company and then allocates the enterprise value to the portfolio company’s securities in order of their relative liquidation preference. In addition, CSWC assumes that any outstanding debt or other securities that are senior to CSWC’s equity securities are required to be repaid at par. Additionally, we may estimate the fair value of non-performing debt securities using the Enterprise Value Waterfall approach as needed. To estimate the enterprise value of the portfolio company, CSWC uses a weighted valuation model based on public comparable companies, observable transactions and discounted cash flow analyses. A main input into the valuation model is a measure of the portfolio company’s financial performance, which generally is either earnings before interest, taxes, depreciation and amortization, as adjusted (“Adjusted EBITDA”) or revenues. In addition, we consider other factors, including, but not limited to: (1) offers from third parties to purchase the portfolio company; and (2) the implied value of recent investments in the equity securities of the portfolio company. For certain non-performing assets, we may utilize the liquidation or collateral value of the portfolio company's assets in our estimation of its enterprise value. The significant Level 3 inputs to the Enterprise Value Waterfall model are (1) an appropriate multiple derived from the comparable public companies and transactions, (2) discount rate assumptions used in the discounted cash flow model and (3) a measure of the portfolio company’s financial performance, which generally is either Adjusted EBITDA or revenues. Inputs can be based on historical operating results, projections of future operating results or a combination thereof. The operating results of a portfolio company may be unaudited, projected or pro forma financial information and may require adjustments for certain non-recurring items. CSWC also may consult with the portfolio company’s senior management to obtain updates on the portfolio company’s performance, including information such as industry trends, new product development, loss of customers and other operational issues. Fair value measurements using the Enterprise Value Waterfall model can be sensitive to significant changes in one or more of the inputs. A significant increase (decrease) in either the multiple, Adjusted EBITDA or revenues for a particular equity security would result in a higher (lower) fair value for that security. NAV Valuation Method Under the NAV valuation method, for an investment in an investment fund that does not have a readily determinable fair value, CSWC measures the fair value of the investment predominately based on the NAV of the investment fund as of the measurement date. However, in determining the fair value of the investment, we may consider whether adjustments to the NAV are necessary in certain circumstances, based on the analysis of any restrictions on redemption of our investment as of the measurement date, recent actual sales or redemptions of interests in the investment fund, expected future cash flows available to equity holders, or other uncertainties surrounding CSWC’s ability to realize the full NAV of its interests in the investment fund. The following fair value hierarchy tables set forth our investment portfolio by level as of December 31, 2023 and March 31, 2023 (in thousands): Fair Value Measurements at December 31, 2023 Using Asset Category Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs First lien loans $ 1,146,355 $ — $ — $ 1,146,355 Second lien loans 34,614 — — 34,614 Subordinated debt 768 — — 768 Preferred equity 68,644 — — 68,644 Common equity & warrants 60,456 — — 60,456 Investments measured at net asset value 1 54,200 — — — Total Investments $ 1,365,037 $ — $ — $ 1,310,837 Fair Value Measurements at March 31, 2023 Using Asset Category Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs First lien loans $ 1,000,984 $ — $ — $ 1,000,984 Second lien loans 35,820 — — 35,820 Subordinated debt 791 — — 791 Preferred equity 63,393 — — 63,393 Common equity & warrants 54,144 — — 54,144 Investments measured at net asset value 1 51,256 — — — Total Investments $ 1,206,388 $ — $ — $ 1,155,132 1 Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized 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 Consolidated Statements of Assets and Liabilities. For the investment valued at NAV per share at December 31, 2023 and March 31, 2023, the redemption restrictions dictate that we cannot withdraw our membership interest without unanimous approval. We are permitted to sell or transfer our membership interest and must deliver written notice of such transfer to the other member no later than 60 business days prior to the sale or transfer. The tables below present the Valuation Techniques and Significant Level 3 Inputs (ranges and weighted averages) used in the valuation of CSWC’s debt and equity securities at December 31, 2023 and March 31, 2023. Significant Level 3 Inputs were weighted by the relative fair value of the investments. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to our determination of fair value. Fair Value at Significant Valuation December 31, 2023 Unobservable Weighted Type Technique (in thousands) Inputs Range Average First lien loans Income Approach $ 1,096,012 Discount Rate 6.4% - 53.6% 13.8% Third Party Broker Quote 98.9 - 98.9 98.9 Market Approach 50,343 Cost 97.5 - 100.0 98.1 Second lien loans Income Approach 34,614 Discount Rate 12.9% - 20.4% 16.7% Third Party Broker Quote 35.0 - 35.0 35.0 Subordinated debt Market Approach 210 Cost 100.0 - 100.0 100.0 Enterprise Value Waterfall Approach 558 EBITDA Multiple 5.9x - 8.0x 6.6x Discount Rate 13.3% - 25.1% 17.0% Preferred equity Enterprise Value Waterfall Approach 65,811 EBITDA Multiple 4.1x - 16.8x 9.6x Discount Rate 8.7% - 29.1% 17.1% Market Approach 2,833 Cost 100.0 - 100.0 100.0 Common equity & warrants Enterprise Value Waterfall Approach 59,289 EBITDA Multiple 4.1x - 16.5x 9.0x Discount Rate 8.7% - 26.6% 16.5% Market Approach 1,167 Cost 100.0 - 100.0 100.0 Total Level 3 Investments $ 1,310,837 Fair Value at Significant Valuation March 31, 2023 Unobservable Weighted Type Technique (in thousands) Inputs Range Average First lien loans Income Approach $ 953,918 Discount Rate 6.9% - 26.2% 13.0% Third Party Broker Quote 5.1 - 96.5 93.9 Market Approach 41,923 Cost 94.1 - 98.1 97.9 Enterprise Value Waterfall Approach 5,143 EBITDA Multiple 9.4x - 9.4x 9.4x Discount Rate 27.2% - 27.2% 27.2% Second lien loans Income Approach 32,226 Discount Rate 18.3% - 34.3% 25.1% Third Party Broker Quote 61.3 - 61.3 61.3 Enterprise Value Waterfall Approach 3,594 EBITDA Multiple 9.4x - 9.4x 9.4x Discount Rate 27.2% - 27.2% 27.2% Subordinated debt Market Approach 205 Cost 100.0 - 100.0 100.0 Enterprise Value Waterfall Approach 586 EBITDA Multiple 6.0x - 7.7x 6.6x Discount Rate 20.2% - 25.0% 21.8% Preferred equity Enterprise Value Waterfall Approach 59,518 EBITDA Multiple 4.7x - 16.7x 9.8x Discount Rate 11.7% - 30.8% 17.1% Market Approach 3,875 Cost 100.0 - 100.0 100.0 Common equity & warrants Enterprise Value Waterfall Approach 53,064 EBITDA Multiple 5.5x - 18.6x 9.5x Discount Rate 11.4% - 36.6% 18.2% Market Approach 1,080 Exit Value 100.0 - 100.0 100.0 Total Level 3 Investments $ 1,155,132 Changes in Fair Value Levels We monitor the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model based valuation techniques may require the transfer of financial instruments from one fair value level to another. During the three and nine months ended December 31, 2023 and 2022, we had no transfers between levels. The following tables provide a summary of changes in the fair value of investments measured using Level 3 inputs during the nine months ended December 31, 2023 and 2022 (in thousands): Fair Value March 31, 2023 Realized & Unrealized Gains (Losses) Purchases of Investments 1 Repayments PIK Interest Capitalized Divestitures Conversion/Exchange of Security 2 Fair Value December 31, 2023 YTD Unrealized Appreciation (Depreciation) on Investments held at period end First lien loans $ 1,000,984 $ (9,874) $ 307,934 $ (139,778) $ 7,925 $ (13,875) $ (6,961) $ 1,146,355 $ (4,920) Second lien loans 35,820 989 187 (2,596) 214 — — 34,614 987 Subordinated debt 791 (28) — (20) 25 — — 768 (28) Preferred equity 63,393 (5,532) 7,886 — — (273) 3,170 68,644 (5,430) Common equity & warrants 54,144 622 5,757 — — (3,858) 3,791 60,456 390 Total Investments $ 1,155,132 $ (13,823) $ 321,764 $ (142,394) $ 8,164 $ (18,006) $ — $ 1,310,837 $ (9,001) Fair Value March 31, 2022 Realized & Unrealized Gains (Losses) Purchases of Investments 1 Repayments PIK Interest Capitalized Divestitures Conversion/Exchange of Security Fair Value December 31, 2022 YTD Unrealized Appreciation (Depreciation) on Investments held at period end First lien loans $ 739,872 $ (14,263) $ 335,069 $ (96,475) $ 3,512 $ — $ (13,715) $ 954,000 $ (10,201) Second lien loans 52,645 (7,512) 2,930 (12,239) 314 (692) — 35,446 (6,307) Subordinated debt 1,317 (328) 385 — 65 — (587) 852 (224) Preferred equity 44,663 (1,253) 3,571 — — — 14,302 61,283 1,840 Common equity & warrants 40,514 8,670 4,320 — — (2,664) — 50,840 9,853 Total Investments $ 879,011 $ (14,686) $ 346,275 $ (108,714) $ 3,891 $ (3,356) $ — $ 1,102,421 $ (5,039) 1 Includes purchases of new investments, as well as discount accretion on existing investments. 2 Includes $3.8 million of cost basis allocated from first lien debt to warrants. |
BORROWINGS
BORROWINGS | 9 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
BORROWINGS | BORROWINGS In accordance with the 1940 Act, effective April 25, 2019, the Company is only allowed to borrow amounts such that its asset coverage (i.e., the ratio of assets less liabilities not represented by senior securities to senior securities such as borrowings), calculated pursuant to the 1940 Act, is at least 150% after such borrowing. The Board of Directors also approved a resolution that limits the Company’s issuance of senior securities such that the asset coverage ratio, taking into account any such issuance, would not be less than 166%, which became effective April 25, 2019. On August 11, 2021, we received an exemptive order from SEC to permit us to exclude the senior securities issued by SBIC I or any future SBIC subsidiary of the Company from the definition of senior securities in the asset coverage requirement applicable to the Company under the 1940 Act. As of December 31, 2023, the Company’s asset coverage was 253%. The Company had the following borrowings outstanding as of December 31, 2023 and March 31, 2023 (amounts in thousands): Outstanding Balance Unamortized Debt Issuance Costs and Debt Discount/Premium (1) Recorded Value December 31, 2023 SBA Debentures $ 130,000 $ (3,919) $ 126,081 Credit Facility 195,000 — 195,000 January 2026 Notes 140,000 (696) 139,304 October 2026 Notes 150,000 (2,116) 147,884 August 2028 Notes 71,875 (2,309) 69,566 $ 686,875 $ (9,040) $ 677,835 March 31, 2023 SBA Debentures $ 120,000 $ (3,670) $ 116,330 Credit Facility 235,000 — 235,000 January 2026 Notes 140,000 (949) 139,051 October 2026 Notes 150,000 (2,737) 147,263 $ 645,000 $ (7,356) $ 637,644 (1) The unamortized debt issuance costs for the Credit Facility are reflected as Debt issuance costs on the Consolidated Statements of Assets and Liabilities. Credit Facility In August 2016, CSWC entered into a senior secured revolving credit facility (the “Credit Facility”) to provide additional liquidity to support its investment and operational activities. On August 2, 2023, the Company entered into the Third Amended and Restated Senior Secured Revolving Credit Agreement (as amended or otherwise modified from time to time, the "Credit Agreement"). Borrowings under the Credit Facility accrue interest at a rate equal to the applicable Adjusted Term SOFR plus 2.15% per annum. The Credit Agreement (1) increased commitments under the Credit Facility from $400 million to $435 million from a diversified group of lenders; (2) added an uncommitted accordion feature that could increase the maximum commitments up to $750 million; (3) extended the end of the Credit Facility's revolving period from August 9, 2025 to August 2, 2027 and extended the final maturity from August 9, 2026 to August 2, 2028; and (4) amended several financial covenants. On December 7, 2023, the Company entered into an Incremental Commitment and Assumption Agreement that increased the total commitments under the accordion feature of the Credit Agreement by $25 million, which increased total commitments from $435 million to $460 million. The $25 million increase was provided by one new lender, bringing the total bank syndicate to ten participants. CSWC pays unused commitment fees of 0.50% to 1.00% per annum, based on utilization, on the unused lender commitments under the Credit Facility. The Credit Facility contains certain affirmative and negative covenants, including but not limited to: (1) certain reporting requirements, (2) maintaining RIC and BDC status, (3) maintaining a minimum senior coverage ratio of 2.00 to 1, (4) maintaining a minimum shareholders’ equity, (5) maintaining a minimum consolidated net worth, (6) maintaining a regulatory asset coverage of not less than 150%, and (7) maintaining an interest coverage ratio of at least 2.00 to 1. The Credit Agreement also contains customary events of default, including, without limitation, nonpayment, misrepresentation of representations and warranties in a material respect, breach of covenant, bankruptcy, and change of control, with customary cure and notice provisions. If the Company defaults on its obligations under the Credit Agreement, the lenders may have the right to foreclose upon and sell, or otherwise transfer, the collateral subject to their security interests. The Credit Facility is secured by (1) substantially all of the present and future property and assets of the Company and the guarantors and (2) 100% of the equity interests in the Company’s wholly-owned subsidiary. As of December 31, 2023, substantially all of the Company’s assets were pledged as collateral for the Credit Facility, except for assets held by SBIC I. At December 31, 2023, CSWC had $195.0 million in borrowings outstanding under the Credit Facility. CSWC recognized interest expense related to the Credit Facility, including unused commitment fees and amortization of deferred loan costs, of $5.2 million and $14.5 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, CSWC recognized interest expense of $3.9 million and $8.8 million, respectively. The weighted average interest rate on the Credit Facility was 7.88% and 7.61% and for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the Credit Facility was 6.02% and 4.63%, respectively. Average borrowings for the three and nine months ended December 31, 2023 were $224.7 million and $162.9 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $228.0 million and $208.6 million, respectively. As of December 31, 2023 and 2022, CSWC was in compliance with all financial covenants under the Credit Agreement. January 2026 Notes In December 2020, the Company issued $75.0 million in aggregate principal amount of 4.50% Notes due 2026 (the "Existing January 2026 Notes"). The Existing January 2026 Notes were issued at par. In February 2021, the Company issued an additional $65.0 million in aggregate principal amount of the January 2026 Notes (the "Additional January 2026 Notes" together with the Existing January 2026 Notes, the "January 2026 Notes"). The Additional January 2026 Notes were issued at a price of 102.11% of the aggregate principal amount of the Additional January 2026 Notes, resulting in a yield-to-maturity of approximately 4.0% at issuance. The Additional January 2026 Notes are treated as a single series with the Existing January 2026 Notes under the indenture and have the same terms as the Existing January 2026 Notes. The January 2026 Notes mature on January 31, 2026 and may be redeemed in whole or in part at any time prior to October 31, 2025, at par plus a "make-whole" premium, and thereafter at par. The January 2026 Notes bear interest at a rate of 4.50% per year, payable semi-annually on January 31 and July 31 of each year. The January 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the January 2026 Notes was $139.3 million on an aggregate principal amount of $140.0 million at a weighted average effective yield of 4.46%. As of December 31, 2023, the fair value of the January 2026 Notes was $121.2 million. This is a Level 3 fair value measurement under ASC 820 based on a valuation model using a discounted cash flow analysis. The Company recognized interest expense related to the January 2026 Notes, including amortization of deferred issuance costs, of $1.7 million and $5.0 million, respectively, for each of the three and nine months ended December 31, 2023 and 2022. For each of the three and nine months ended December 31, 2023 and 2022, average borrowings were $140.0 million. The indenture governing the January 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the January 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These covenants are subject to important limitations and exceptions that are described in the indenture and the third supplemental indenture relating to the January 2026 Notes. In addition, holders of the January 2026 Notes can require the Company to repurchase some or all of the January 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the third supplemental indenture relating to the January 2026 Notes. October 2026 Notes In August 2021, the Company issued $100.0 million in aggregate principal amount of 3.375% Notes due 2026 (the "Existing October 2026 Notes"). The Existing October 2026 Notes were issued at a price of 99.418% of the aggregate principal amount of the Existing October 2026 Notes, resulting in a yield-to-maturity of 3.5%. In November 2021, the Company issued an additional $50.0 million in aggregate principal amount of the October 2026 Notes (the "Additional October 2026 Notes" together with the Existing October 2026 Notes, the "October 2026 Notes"). The Additional October 2026 Notes were issued at a price of 99.993% of the aggregate principal amount, resulting in a yield-to-maturity of approximately 3.375% at issuance. The Additional October 2026 Notes are treated as a single series with the Existing October 2026 Notes under the indenture and have the same terms as the Existing October 2026 Notes. The October 2026 Notes mature on October 1, 2026 and may be redeemed in whole or in part at any time prior to July 1, 2026, at par plus a "make-whole" premium, and thereafter at par. The October 2026 Notes bear interest at a rate of 3.375% per year, payable semi-annually in arrears on April 1 and October 1 of each year. The October 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the October 2026 Notes was $147.9 million on an aggregate principal amount of $150.0 million at a weighted average effective yield of 3.5%. As of December 31, 2023, the fair value of the October 2026 Notes was $130.5 million. This is a Level 3 fair value measurement under ASC 820 based on a valuation model using a discounted cash flow analysis. The Company recognized interest expense related to the October 2026 Notes, including amortization of deferred issuance costs, of $1.5 million and $4.4 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the Company recognized interest expense of $1.4 million and $4.3 million, respectively. For each of the three and nine months ended December 31, 2023 and 2022, average borrowings were $150.0 million. The indenture governing the October 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the October 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fourth supplemental indenture relating to the October 2026 Notes. In addition, holders of the October 2026 Notes can require the Company to repurchase some or all of the October 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the fourth supplemental indenture relating to the October 2026 Notes. August 2028 Notes In June 2023, the Company issued approximately $71.9 million in aggregate principal amount, including the underwriters' full exercise of their option to purchase an additional $9.4 million in aggregate principal amount to cover over-allotments, of 7.75% notes due 2028 (the "August 2028 Notes"). The August 2028 Notes mature on August 1, 2028 and may be redeemed in whole or in part at any time, or from time to time, at the Company’s option on or after August 1, 2025. The August 2028 Notes bear interest at a rate of 7.75% per year, payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning on August 1, 2023. The August 2028 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. The August 2028 Notes are listed on the Nasdaq Global Select Market under the trading symbol "CSWCZ." As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the August 2028 Notes was $69.6 million on an aggregate principal amount of $71.9 million at a weighted average effective yield of 7.75%. As of December 31, 2023, the fair value of the August 2028 Notes was $73.3 million. The fair value is based on the closing price of the security on The Nasdaq Global Select Market, which is a Level 1 input under ASC 820. The Company recognized interest expense related to the August 2028 Notes, including amortization of deferred issuance costs, of $1.5 million and $3.3 million for the three and nine months ended December 31, 2023, respectively. Since the issuance of the August 2028 Notes on June 14, 2023 through December 31, 2023, average borrowings were $71.9 million. The indenture governing the August 2028 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the August 2028 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fifth supplemental indenture relating to the August 2028 Notes. SBA Debentures On April 20, 2021, SBIC I received a license from the SBA to operate as an SBIC under Section 301(c) of the Small Business Investment Act of 1958, as amended. The license allows SBIC I to obtain leverage by issuing SBA Debentures, subject to the issuance of a leverage commitment by the SBA. SBA Debentures are loans issued to an SBIC which have interest payable semi-annually and a ten-year maturity. The interest rate is fixed shortly after issuance at a market-driven spread over U.S. Treasury Notes with ten-year maturities. Interest on SBA Debentures is payable semi-annually on March 1 and September 1. Current statutes and regulations permit SBIC I to borrow up to $175 million in SBA Debentures with at least $87.5 million in regulatory capital (as defined in the SBA regulations). On May 25, 2021, SBIC I received a leverage commitment from the SBA in the amount of $40.0 million to be issued on or prior to September 30, 2025. On January 28, 2022, SBIC I received an additional leverage commitment in the amount of $40.0 million to be issued on or prior to September 30, 2026. On November 22, 2022, SBIC I received an additional leverage commitment in the amount of $50.0 million to be issued on or prior to September 30, 2027. On December 20, 2023, SBIC I received an additional leverage commitment in the amount of $45.0 million to be issued on or prior to September 30, 2028. The SBA may limit the amount that may be drawn each year under these commitments, and each issuance of leverage is conditioned on the Company's full compliance, as determined by the SBA, with the terms and conditions set forth in the SBA regulations. As of December 31, 2023, SBIC I had regulatory capital of $87.5 million and leverageable capital of $87.5 million. As of December 31, 2023, SBIC I had a total leverage commitment from the SBA in the amount of $175.0 million, of which $45.0 million remains unused. As of December 31, 2023, the carrying amount of SBA Debentures was $126.1 million on an aggregate principal amount of $130.0 million. As of December 31, 2023, the fair value of the SBA Debentures was $122.8 million. The fair value of the SBA Debentures is estimated by discounting the remaining payments using current market rates for similar instruments and considering such factors as the legal maturity date and the ability of market participants to prepay the SBA Debentures, which are Level 3 inputs under ASC 820. The Company recognized interest expense and fees related to SBA Debentures of $1.5 million and $4.4 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the Company recognized interest expense of $0.9 million and $1.9 million, respectively. The weighted average interest rate on the SBA Debentures was 4.24% and 4.13% for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the SBA Debentures was 3.70% and 2.98%, respectively. For the three and nine months ended December 31, 2023, average borrowings were $130.0 million and $127.3 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $83.9 million and $54.1 million, respectively. As of December 31, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands): Pooling Date (1) Maturity Date Fixed Interest Rate December 31, 2023 9/22/2021 9/1/2031 1.575% $ 15,000 3/23/2022 3/1/2032 3.209% 25,000 9/21/2022 9/1/2032 4.435% 40,000 3/22/2023 3/1/2033 5.215% 40,000 9/20/2023 9/1/2033 5.735% 10,000 $ 130,000 (1) The SBA has two scheduled pooling dates for SBA Debentures (in March and in September). Certain SBA Debentures funded during the reporting periods may not be pooled until the subsequent pooling date. |
INCOME TAXES
INCOME TAXES | 9 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | INCOME TAXES We have elected, and intend to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code and have a tax year end of December 31. In order to qualify as a RIC, we must annually distribute at least 90% of our investment company taxable income, as defined by the Code, to our shareholders in a timely manner. Investment company income generally includes net short-term capital gains but excludes net long-term capital gains. A RIC is not subject to federal income tax on the portion of its ordinary income and capital gains that is distributed to its shareholders, including “deemed distributions” as discussed below. As part of maintaining RIC tax treatment, undistributed taxable income and capital gain, which is subject to a 4% non-deductible U.S. federal excise tax, pertaining to a given fiscal year may be distributed up to 12 months subsequent to the end of that fiscal year, provided such dividends are declared on or prior to the later of (1) the extended due date of the U.S. federal income tax return for the applicable fiscal year and (2) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. As of December 31, 2023, CSWC qualified for RIC tax treatment. We intend to meet the applicable qualifications to be taxed as a RIC in future periods. However, the Company’s ability to meet certain portfolio diversification requirements of RICs in future years may not be controllable by the Company. Book and tax basis differences relating to dividends and distributions to our shareholders and other permanent book and tax differences are typically reclassified among the CSWC’s capital accounts. In addition, the character of income and gains to be distributed is determined in accordance with income tax regulations that may differ from U.S. GAAP; accordingly, for the years ended December 31, 2023 and 2022, CSWC reclassified for book purposes amounts arising from permanent book/tax differences related to the tax treatment of return of capital and/or deemed distributions, tax treatment of investments upon disposition, and non-deductible expenses, as follows (amounts in thousands): Nine Months Ended December 31, 2023 2022 Additional capital $ (5,277) $ (5,126) Total distributable earnings 5,277 5,126 The determination of the tax attributes for CSWC’s distributions is made annually, based upon its taxable income for the full year and distributions paid for the full year. Therefore, any determination made on an interim basis is forward-looking based on currently available facts, rules and assumptions and may not be representative of the actual tax attributes of distributions for a full year. During the quarter ended December 31, 2023, CSWC declared and paid a quarterly dividend in the amount of $26.9 million, or $0.63 per share ($0.57 per share in regular dividends and $0.06 per share in supplemental dividends). During the quarter ended September 30, 2023, CSWC declared and paid a quarterly dividend in the amount of $24.8 million, or $0.62 per share ($0.56 per share in regular dividends and $0.06 per share in supplemental dividends). During the quarter ended June 30, 2023, CSWC declared and paid a quarterly dividend in the amount of $22.9 million, or $0.59 per share ($0.54 per share in regular dividends and $0.05 per share in supplemental dividends). During the quarter ended March 31, 2023, CSWC declared and paid a quarterly dividend in the amount of $20.9 million, or $0.58 per share ($0.53 per share in regular dividends and $0.05 per share in supplemental dividends). Ordinary dividend distributions from a RIC do not qualify for the 20% maximum tax rate on dividend income from domestic corporations and qualified foreign corporations, except to the extent that the RIC received the income in the form of qualifying dividends from domestic corporations and qualified foreign corporations. The tax attributes for distributions will generally include both ordinary income and capital gains, but may also include qualified dividends or return of capital. The tax character of distributions paid for the tax years ended December 31, 2023 and 2022 was as follows (amounts in thousands): Twelve Months Ended December 31, 2023 2022 Ordinary income $ 94,139 $ 60,960 Distributions of long term capital gains — — Distributions on tax basis 1 $ 94,139 $ 60,960 1 Includes only those distributions which reduce estimated taxable income. As of December 31, 2023, CSWC estimates that it has cumulative undistributed taxable income of approximately $22.2 million, or $0.52 per share, that will be carried forward toward distributions to be paid in future periods. We intend to continue to meet the applicable qualifications to be taxed as a RIC in future periods. The following reconciles net increase in net assets resulting from operations to estimated RIC taxable income for the nine months ended December 31, 2023 and 2022: Nine Months Ended December 31, Reconciliation of RIC Distributable Income 1 2023 2022 Net increase in net assets from operations $ 69,920 $ 14,917 Net unrealized (appreciation) depreciation on investments (9,906) 13,989 (Expense/loss) income/gain recognized for tax on pass-through entities (4,123) 10 (Gain) loss recognized on dispositions (2,824) (1,473) Capital loss carryover 2 24,429 14,454 Net operating (income) loss - wholly-owned subsidiary (4,931) 1,071 Dividend income from wholly-owned subsidiary — 1,068 Non-deductible tax expense 640 466 Loss on extinguishment of debt (2,045) (2,045) Non-deductible compensation 2,772 2,443 Compensation related book/tax differences (466) (1,471) Interest on non-accrual loans 3,959 2,924 Other book/tax differences 3,580 960 Estimated distributable income before deductions for distributions $ 81,005 $ 47,313 1 The calculation of taxable income for each period is an estimate and will not be finally determined until the Company files its tax return each year. Final taxable income may be different than this estimate. 2 At December 31, 2023, the Company had long-term capital loss carryforwards of $58.0 million to offset future capital gains. These capital loss carryforwards are not subject to expiration. A RIC may elect to retain all or a portion of its net capital gains by designating them as a “deemed distribution” to its shareholders and paying a federal tax on the net capital gains for the benefit of its shareholders. Shareholders then report their share of the retained capital gains on their income tax returns as if it had been received and report a tax credit for tax paid on their behalf by the RIC. Shareholders then add the amount of the “deemed distribution” net of such tax to the basis of their shares. In addition, the Taxable Subsidiary holds a portion of one or more of our portfolio investments that are listed on the Consolidated Schedule of Investments. The Taxable Subsidiary is consolidated for financial reporting purposes in accordance with U.S. GAAP, so that our consolidated financial statements reflect our investments in the portfolio companies owned by the Taxable Subsidiary. The purpose of the Taxable Subsidiary is to permit us to hold certain interests in portfolio companies that are organized as limited liability companies, or LLCs (or other forms of pass-through entities) and still satisfy the RIC tax requirement that at least 90% of our gross income for U.S. federal income tax purposes must consist of qualifying investment income. Absent the Taxable Subsidiary, a proportionate amount of any gross income of a partnership or LLC (or other pass-through entity) portfolio investment would flow through directly to us. To the extent that our income did not consist of investment income, it could jeopardize our ability to qualify as a RIC and therefore cause us to incur significant amounts of U.S. federal income taxes at corporate rates. Where interests in LLCs (or other pass-through entities) are owned by the Taxable Subsidiary, however, the income from those interests is taxed to the Taxable Subsidiary and does not flow through to us, thereby helping us preserve our RIC tax treatment and resultant tax advantages. The Taxable Subsidiary is not consolidated for U.S. federal income tax purposes and may generate an income tax provision as a result of their ownership of the portfolio companies. The income tax provision, or benefit, and the related tax assets and liabilities, if any, are reflected in our Consolidated Statement of Operations. As of December 31, 2023, the cost of investments held at the RIC for U.S. federal income tax purposes was $1,305.8 million, with such investments having gross unrealized appreciation of $18.6 million and gross unrealized depreciation of $68.0 million, resulting in net unrealized depreciation of $49.4 million. As of December 31, 2023, the cost of investments held at the Taxable Subsidiary for U.S. federal income tax purposes was $44.4 million, with such investments having gross unrealized appreciation of $68.2 million and gross unrealized depreciation of $4.0 million, resulting in net unrealized appreciation of $64.2 million. On a consolidated basis, the total investment portfolio has net unrealized appreciation of $14.8 million for U.S. federal income tax purposes. The taxable income, or loss, of the Taxable Subsidiary may differ from book income, or loss, due to temporary book and tax timing differences and permanent differences. This income tax provision, or benefit, if any, and the related tax assets and liabilities, are reflected in our consolidated financial statements. The Taxable Subsidiary records valuation adjustments related to its investments on a quarterly basis. Deferred taxes related to the unrealized gain/loss on investments are also recorded on a quarterly basis. A valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. Establishing a valuation allowance of a deferred tax asset requires management to make estimates related to expectations of future taxable income. As of December 31, 2023 and March 31, 2023, the Taxable Subsidiary had a deferred tax liability of $10.9 million and $12.1 million, respectively. Based on our assessment of our unrecognized tax benefits, management believes that all benefits will be realized and they do not contain any uncertain tax positions. The following table sets forth the significant components of the deferred tax assets and liabilities as of December 31, 2023 and March 31, 2023 (amounts in thousands): December 31, 2023 March 31, 2023 Deferred tax asset: Net operating loss carryforwards $ 159 $ — Interest 966 219 Total deferred tax asset 1,125 219 Deferred tax liabilities: Net unrealized appreciation on investments (10,402) (11,413) Net basis differences in portfolio investments (1,648) (923) Total deferred tax liabilities (12,050) (12,336) Total net deferred tax (liabilities) assets $ (10,925) $ (12,117) The income tax provision, or benefit, and the related tax assets and liabilities, generated by CSWC and the Taxable Subsidiary, if any, are reflected in CSWC’s consolidated financial statements. For the three months ended December 31, 2023, we recognized a net income tax provision of $0.9 million, principally consisting of a $0.4 million accrual for U.S. federal excise tax and a $0.5 million tax provision relating to the Taxable Subsidiary. For the nine months ended December 31, 2023, we recognized a net income tax provision of $0.6 million, principally consisting of a $0.6 million accrual for U.S. federal excise tax and a $0.1 million tax benefit relating to the Taxable Subsidiary. For the three months ended December 31, 2022, we recognized a net income tax benefit of $0.7 million, principally consisting of a $0.2 million accrual for U.S. federal excise tax and $0.9 million of tax benefit relating to the Taxable Subsidiary. For the nine months ended December 31, 2022, we recognized a net income tax benefit of $20.6 thousand, principally consisting of a $0.5 million accrual for U.S. federal excise tax and a $0.5 million tax benefit relating to the Taxable Subsidiary. Although we believe our tax returns are correct, the final determination of tax examinations could be different from what was reported on the returns. In our opinion, we have made adequate tax provisions for years subject to examination. Generally, we are currently open to audit under the statute of limitations by the Internal Revenue Service as well as state taxing authorities for the years ended December 31, 2020 through December 31, 2022. The following table sets forth the significant components of income tax provision as of December 31, 2023 and 2022 (amounts in thousands): Nine Months Ended December 31, Components of Income Tax Provision 2023 2022 Excise tax $ 590 $ 468 Tax (benefit) provision related to Taxable Subsidiary (69) (488) Other 50 — Total income tax provision $ 571 $ (20) |
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY | 9 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
SHAREHOLDERS' EQUITY | SHAREHOLDERS' EQUITY On October 11, 2023, after receiving the requisite shareholder approval, the Company filed an amendment to its Amended and Restated Articles of Incorporation with the office of the Secretary of State of the State of Texas to increase the amount of authorized shares of common stock from 40,000,000 to 75,000,000. Public Equity Offering On November 17, 2022, the Company completed an underwritten public equity offering of 2,534,436 shares of common stock, including shares issuable pursuant to the underwriters' option to purchase additional shares, at a public offering price of $18.15 per share, raising $46.0 million of gross proceeds. Net proceeds were $44.1 million after deducting underwriting discounts and offering expenses. Equity ATM Program On March 4, 2019, the Company established the Equity ATM Program, pursuant to which the Company may offer and sell, from time to time through sales agents, shares of its common stock having an aggregate offering price of up to $50.0 million. On February 4, 2020, the Company (i) increased the maximum amount of shares of its common stock to be sold through the Equity ATM Program to $100.0 million from $50.0 million and (ii) added two additional sales agents to the Equity ATM Program. On May 26, 2021, the Company (i) increased the maximum amount of shares of its common stock to be sold through the Equity ATM Program to $250.0 million from $100.0 million and (ii) reduced the commission paid to the sales agents for the Equity ATM Program to 1.5% from 2.0% of the gross sales price of shares of the Company's common stock sold through the sales agents pursuant to the Equity ATM Program on and after May 26, 2021. On August 2, 2022, the Company increased the maximum amount of shares of its common stock to be sold through the Equity ATM Program to $650.0 million from $250.0 million. The following table summarizes certain information relating to shares sold under the Equity ATM Program: Three Months Ended December 31, 2023 2022 Number of shares sold 3,036,234 3,264,878 Gross proceeds received (in thousands) $ 66,549 $ 58,324 Net proceeds received (in thousands) 1 $ 65,551 $ 57,449 Weighted average price per share $ 21.92 $ 17.86 Nine Months Ended December 31, 2023 2022 Number of shares sold 6,663,692 6,909,446 Gross proceeds received (in thousands) $ 134,965 $ 131,990 Net proceeds received (in thousands) 1 $ 132,941 $ 130,010 Weighted average price per share $ 20.25 $ 19.10 1 Net proceeds reflects proceeds after deducting commissions to the sales agents on shares sold and offering expenses. As of December 31, 2023 and 2022, $0.9 million and $2.7 million in proceeds remained receivable, respectively, and were included in other receivables in the Consolidated Statements of Assets and Liabilities. Cumulative to date, the Company has sold 23,276,814 shares of its common stock under the Equity ATM Program at a weighted-average price of $20.61, raising $479.6 million of gross proceeds. Net proceeds were $472.0 million after commissions to the sales agents on shares sold. As of December 31, 2023, the Company has $170.4 million available under the Equity ATM Program. Share Repurchases The right to grant restricted stock awards under the 2010 Plan terminated on July 18, 2021, ten years after the date that the 2010 Plan was approved by the Company’s shareholders pursuant to its terms. In connection with the termination of the 2010 Plan, the Board of Directors and shareholders approved the 2021 Employee Plan, which became effective on July 28, 2021, as part of the compensation package for its employees, the terms of which are, in all material respects, identical to the 2010 Plan. On July 19, 2021, we received an exemptive order that supersedes the prior exemptive order relating to the 2010 Plan (the “Order”) to permit the Company to (i) issue restricted stock as part of the compensation package for its employees in the 2021 Employee Plan, and (ii) withhold shares of the Company’s common stock or purchase shares of the Company’s common stock from the participants to satisfy tax withholding obligations relating to the vesting of restricted stock pursuant to the 2021 Employee Plan. In addition, the Board of Directors and shareholders approved the Capital Southwest Corporation 2021 Non-Employee Director Restricted Stock Plan (the "Non-Employee Director Plan"), which became effective on July 27, 2022, as part of the compensation package for non-employee directors of the Board of Directors. In connection therewith, on May 16, 2022, we received an exemptive order that supersedes the Order (the "Superseding Order") and covers both employees and non-employee directors of the Board of Directors. The following table summarizes certain information relating to shares repurchased in connection with the vesting of restricted stock awards: Three Months Ended December 31, 2023 2022 Number of shares repurchased 6,216 19,917 Aggregate cost of shares repurchased (in thousands) $ 138 $ 380 Weighted average price per share $ 22.17 $ 19.09 Nine Months Ended December 31, 2023 2022 Number of shares repurchased 52,797 49,590 Aggregate cost of shares repurchased (in thousands) $ 1,063 $ 1,021 Weighted average price per share $ 20.13 $ 20.59 On July 28, 2021, the Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $20 million of its outstanding shares of common stock in the open market at certain thresholds below its NAV per share, in accordance with guidelines specified in Rules 10b5-1(c)(1)(i)(B) and 10b-18 under the Exchange Act. On August 31, 2021, the Company entered into a share repurchase agreement, which became effective immediately, and the Company will cease purchasing its common stock under the share repurchase program upon the earlier of, among other things: (1) the date on which the aggregate purchase price for all shares equals $20 million including, without limitation, all applicable fees, costs and expenses; or (2) upon written notice by the Company to the broker that the share repurchase agreement is terminated. During the three and nine months ended December 31, 2023 and 2022, the Company did not repurchase any shares under the share repurchase program. Treasury Stock On April 26, 2023, the Board of Directors approved the cancellation of 2,339,512 shares of treasury stock, which increased authorized and unissued shares by the same amount. |
STOCK BASED COMPENSATION PLANS
STOCK BASED COMPENSATION PLANS | 9 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
STOCK BASED COMPENSATION PLANS | STOCK BASED COMPENSATION PLANS Under the 2010 Plan and the 2021 Employee Plan, a restricted stock award is an award of shares of our common stock, which have full voting and dividend rights but are restricted with regard to sale or transfer. Restricted stock awards are independent of stock grants and are generally subject to forfeiture if employment terminates prior to these restrictions lapsing. Unless otherwise specified in the award agreement, these shares vest in equal annual installments over a four-year period from the grant date and are expensed over the vesting period starting on the grant date. The right to grant restricted stock awards under the 2010 Plan terminated on July 18, 2021, ten years after the date that the 2010 Plan was approved by the Company’s shareholders pursuant to its terms. In connection with the termination of the 2010 Plan, the Board of Directors and shareholders approved the 2021 Employee Plan as part of the compensation packages for its employees, the terms of which are, in all material respects, identical to the 2010 Plan. The 2021 Employee Plan makes available for issuance 1,200,000 shares of common stock. As of December 31, 2023, there are 722,267 shares of common stock available for issuance under the 2021 Employee Plan. In addition, the Board of Directors and shareholders approved the Non-Employee Director Plan as part of the compensation package for non-employee directors of the Board of Directors. Under the Non-Employee Director Plan, at the beginning of each one-year term of service on our Board, each non-employee director will receive a number of shares equivalent to $50,000 based on the market value at the close of the Nasdaq Global Select Market on the date of grant. These shares will vest one year from the date of the grant and are expensed over the one-year term of non-employee directors. The Non-Employee Director Plan makes available for issuance 120,000 shares of common stock. As of December 31, 2023, there were 96,695 shares of common stock available for issuance under the Non-Employee Director Plan. We expense the cost of the restricted stock awards, which is determined to equal the fair value of the restricted stock award at the date of grant on a straight-line basis over the requisite service period. For these purposes, the fair value of the restricted stock award is determined based upon the closing price of our common stock on the date of the grant. During the three months ended December 31, 2023 and 2022, we recognized total share based compensation expense of $1.2 million (of which $0.1 million was related to restricted stock issued to non-employee directors) and $1.0 million (of which $0.1 million was related to restricted stock issued to non-employee directors), respectively, related to the restricted stock issued. During the nine months ended December 31, 2023 and 2022, we recognized total share based compensation expense of $3.4 million (of which $0.2 million was related to restricted stock issued to non-employee directors) and $2.9 million (of which $0.1 million was related to restricted stock issued to non-employee directors), respectively, related to the restricted stock issued. As of December 31, 2023, the total remaining unrecognized compensation expense related to non-vested restricted stock awards was $9.4 million, which will be amortized over the weighted-average vesting period of approximately 2.6 years. The following table summarizes the restricted stock outstanding under the 2010 Plan and the 2021 Employee Plan as of December 31, 2023: Weighted Average Weighted Average Fair Value Per Remaining Vesting Restricted Stock Awards Number of Shares Share at grant date Term (in Years) Unvested at March 31, 2023 432,711 $ 21.61 2.4 Granted 284,407 19.86 — Vested (156,755) 20.93 — Forfeited (1,791) 23.91 — Unvested at December 31, 2023 558,572 $ 20.90 2.6 The following table summarizes the restricted stock outstanding under the Non-Employee Director Plan as of December 31, 2023: Weighted Average Weighted Average Fair Value Per Remaining Vesting Restricted Stock Awards Number of Shares Share at grant date Term (in Years) Unvested at March 31, 2023 12,105 $ 20.66 0.4 Granted 11,200 — — Vested (12,105) — — Forfeited — — — Unvested at December 31, 2023 11,200 $ 22.33 0.6 |
OTHER EMPLOYEE COMPENSATION
OTHER EMPLOYEE COMPENSATION | 9 Months Ended |
Dec. 31, 2023 | |
Retirement Benefits [Abstract] | |
OTHER EMPLOYEE COMPENSATION | OTHER EMPLOYEE COMPENSATION We established a 401(k) plan (the “401K Plan”) effective October 1, 2015. All full-time employees are eligible to participate in the 401K Plan. The 401K Plan permits employees to defer a portion of their total annual compensation up to the Internal Revenue Service annual maximum based on age and eligibility. We made contributions to the 401K Plan of up to 4.5% of the Internal Revenue Service’s annual maximum eligible compensation, all of which is fully vested immediately. During the three months ended December 31, 2023 and 2022, we made matching contributions of approximately $29.6 thousand and $28.6 thousand, respectively. During the nine months ended December 31, 2023 and 2022, we made matching contributions of approximately $171.2 thousand and $158.1 thousand, respectively. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 9 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | COMMITMENTS AND CONTINGENCIES Commitments In the normal course of business, the Company is a party to financial instruments with off-balance sheet risk, consisting primarily of unused commitments to extend financing to the Company’s portfolio companies. Because commitments may expire without being drawn upon, the total commitment amount does not necessarily represent future cash requirements. Additionally, our commitment to fund delayed draw term loans generally is triggered upon the satisfaction of certain pre-negotiated terms and conditions, such as meeting certain financial performance hurdles or financial covenants, which may limit a borrower's ability to draw on such delayed draw term loans. The balances of unfunded debt commitments as of December 31, 2023 and March 31, 2023 were as follows (amounts in thousands): December 31, March 31, Portfolio Company 2023 2023 Revolving Loans Acacia BuyerCo V LLC $ 2,000 $ 2,000 Acceleration, LLC 3,050 1,300 Air Conditioning Specialist, Inc. 1,675 1,200 American Teleconferencing Services, Ltd. — 154 ArborWorks, LLC 1,196 1,000 ATS Operating, LLC 2,000 2,000 Bond Brand Loyalty ULC 2,000 — Catbird NYC, LLC 4,000 4,000 Cavalier Buyer, Inc. 2,000 2,000 CDC Dental Management Co., LLC 2,000 — Central Medical Supply LLC 1,200 1,200 Damotech Inc. 3,000 — Edge Autonomy Holdings, LLC 4,000 — Exact Borrower, LLC 2,500 2,500 FM Sylvan, Inc. 5,000 8,000 FS Vector LLC 2,000 — Gains Intermediate, LLC 2,500 2,500 GPT Industries, LLC 3,000 3,000 GrammaTech, Inc. 2,500 2,500 Gulf Pacific Acquisition, LLC 555 657 HH-Inspire Acquisition, Inc. 46 — Ignite Visibility LLC 2,000 — Institutes of Health, LLC 1,000 — ISI Enterprises, LLC 2,000 2,000 Island Pump and Tank, LLC 1,500 1,000 ITA Holdings Group, LLC 3,525 — Lash OpCo, LLC 202 138 LGM Pharma LLC 1,500 — Lighting Retrofit International, LLC 2,083 2,083 Lightning Intermediate II, LLC 1,296 1,852 LKC Technologies, Inc. 2,000 — Mako Steel LP 1,887 943 Mammoth BorrowCo, Inc. 3,750 — Microbe Formulas LLC 1,627 1,627 December 31, March 31, Portfolio Company 2023 2023 Muenster Milling Company, LLC — 7,000 New Skinny Mixes, LLC 3,500 4,000 NinjaTrader, Inc. 2,500 2,500 NWN Parent Holdings, LLC — 480 Opco Borrower, LLC 833 833 Outerbox, LLC 2,000 2,000 Pipeline Technique Ltd. 2,278 2,833 Pool Service Holdings, LLC 1,000 — Roof OpCo, LLC 3,056 3,056 Roseland Management, LLC 1,700 1,425 RTIC Subsidiary Holdings LLC 1,151 548 Shearwater Research, Inc. — 2,446 South Coast Terminals LLC 1,742 1,935 Spotlight AR, LLC 2,000 2,000 Swensons Drive-In Restaurants, LLC 1,500 — Systec Corporation 1,000 400 Versicare Management LLC 2,500 2,500 Wall Street Prep, Inc. 1,000 1,000 Well-Foam, Inc. 4,500 4,500 Winter Services Operations, LLC — 4,444 Total Revolving Loans 102,852 87,554 Delayed Draw Term Loans AAC New Holdco Inc. 166 199 Acacia BuyerCo V LLC — 2,500 Acceleration, LLC — 5,000 Air Conditioning Specialist Inc. 750 — Central Medical Supply LLC 1,400 1,400 CityVet, Inc. 5,000 — Exact Borrower, LLC — 2,500 Gains Intermediate, LLC — 5,000 Gulf Pacific Acquisition, LLC 1,212 1,212 Ignite Visibility LLC 2,000 — Infolinks Media Buyco, LLC — 2,250 ITA Holdings Group, LLC 854 — KMS, LLC — 2,286 Mammoth BorrowCo, Inc. 2,875 — New Skinny Mixes, LLC 3,000 3,000 NinjaTrader, Inc. — 4,692 Pool Service Holdings, LLC 5,600 — Versicare Management LLC — 2,600 Winter Services Operations, LLC — 4,444 Total Delayed Draw Term Loans 22,857 37,083 December 31, March 31, Portfolio Company 2023 2023 Other Command Group Acquisition, LLC 7,500 — Total Other 7,500 — Total Unfunded Debt Commitments $ 133,209 $ 124,637 The following table provides additional information regarding the expiration year of the Company’s unfunded debt commitments (amounts in thousands): December 31, 2023 March 31, 2023 Unfunded Debt Commitments Expiring during: 2024 $ 7,666 $ 31,625 2025 21,762 10,637 2026 9,777 6,712 2027 27,473 38,062 2028 35,982 35,318 2029 30,549 2,283 Total Unfunded Debt Commitments $ 133,209 $ 124,637 The balances of unfunded equity commitments as of December 31, 2023 and March 31, 2023 were as follows (amounts in thousands): December 31, 2023 March 31, 2023 Unfunded Equity Commitments Catbird NYC, LLC $ 125 $ 125 Infolinks Media Buyco, LLC 412 412 Total Unfunded Equity Commitments $ 537 $ 537 As of December 31, 2023, total revolving and delayed draw loan commitments included commitments to issue letters of credit through a financial intermediary on behalf of certain portfolio companies. As of December 31, 2023, the Company had $0.6 million in letters of credit issued and outstanding under these commitments on behalf of portfolio companies. For all of these letters of credit issued and outstanding, the Company would be required to make payments to third parties if the portfolio companies were to default on their related payment obligations. Of these letters of credit, $0.4 million expire in February 2024, $0.2 million expire in April 2024 and $20.4 thousand expire in August 2024. As of December 31, 2023, none of the letters of credit issued and outstanding were recorded as a liability on the Company's balance sheet as such letters of credit are considered in the valuation of the investments in the portfolio company. Effective April 1, 2019, ASC 842 required that a lessee evaluate its leases to determine whether they should be classified as operating or financing leases. The Company previously had an operating lease for its office space that commenced October 1, 2014 and expired February 28, 2022. In March 2021, the Company executed an agreement to lease new office space that commenced on February 1, 2022 and expires September 30, 2032. The Company identified the foregoing as an operating lease. ASC 842 indicates that an ROU asset and lease liability should be recorded based on the effective date. As such, CSWC recorded an ROU asset, which is included in other assets other liabilities Total lease expense incurred for each of the three months ended December 31, 2023 and 2022 was $63.1 thousand. Total lease expense incurred for each of the nine months ended December 31, 2023 and 2022 was $189.2 thousand. As of both December 31, 2023 and March 31, 2023, the asset related to the operating lease was $1.8 million, respectively, and the lease liability was $2.7 million and $2.8 million, respectively. As of December 31, 2023, the remaining lease term was 8.75 years and the discount rate was 7.63%. The following table shows future minimum payments under the Company's operating leases as of December 31, 2023 (in thousands): Year ending March 31, Rent Commitment 2024 $ 103 2025 416 2026 426 2027 436 2028 446 Thereafter 2,132 Total $ 3,959 Contingencies We may, from time to time, be involved in litigation arising out of our operations in the normal course of business or otherwise. Furthermore, third parties may try to seek to impose liability on us in connection with the activities of our portfolio companies. To our knowledge, we have no currently pending material legal proceedings to which we are party or to which any of our assets are subject. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 9 Months Ended |
Dec. 31, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | RELATED PARTY TRANSACTIONS As a BDC, we are obligated under the 1940 Act to make available to our portfolio companies significant managerial assistance. “Making available significant managerial assistance” refers to any arrangement whereby we offer to provide significant guidance and counsel concerning the management, operations, or business objectives and policies of a portfolio company. We also are deemed to be providing managerial assistance to all portfolio companies that we control, either by ourselves or in conjunction with others. The nature and extent of significant managerial assistance provided by us will vary according to the particular needs of each portfolio company. During each of the three and nine months ended December 31, 2023 and 2022, we did not receive any management fees from our portfolio companies. As of December 31, 2023 and March 31, 2023, we had dividends receivable from I-45 SLF LLC of $2.1 million and $1.9 million, respectively, which were included in dividends and interest receivables on the Consolidated Statements of Assets and Liabilities. Additionally, we recognized administrative fee income from I-45 SLF LLC of $16.1 thousand and $61.5 thousand, respectively, for the three and nine months ended December 31, 2023, and $25.0 thousand and $75.0 thousand, respectively, for the three and nine months ended December 31, 2022, which was included in fee income on the Consolidated Statement of Operations. |
SUMMARY OF PER SHARE INFORMATIO
SUMMARY OF PER SHARE INFORMATION | 9 Months Ended |
Dec. 31, 2023 | |
Investment Company [Abstract] | |
SUMMARY OF PER SHARE INFORMATION | SUMMARY OF PER SHARE INFORMATION The following presents a summary of per share data for the nine months ended December 31, 2023 and 2022 (share amounts presented in thousands). Nine Months Ended December 31, Per Share Data: 2023 2022 Investment income 1 $ 3.33 $ 2.90 Operating expenses 1 (1.28) (1.26) Income taxes 1 (0.01) 0.00 Net investment income 1 2.04 1.64 Net realized (loss) gain, net of tax 1 (0.51) (0.62) Net unrealized appreciation (depreciation) on investments, net of tax 1 0.25 (0.49) Realized loss on extinguishment of debt 1 (0.01) — Total increase from investment operations 1.77 0.53 Accretive effect of share issuances and repurchases 0.56 0.43 Dividends to shareholders (1.84) (1.70) Issuance of restricted stock 2 (0.13) (0.14) Common stock withheld for payroll taxes upon vesting of restricted stock (0.05) (0.01) Share based compensation expense 0.08 0.10 Other 3 0.01 0.18 Increase (decrease) in net asset value 0.40 (0.61) Net asset value Beginning of period 16.37 16.86 End of period $ 16.77 $ 16.25 Ratios and Supplemental Data Ratio of operating expenses to average net assets 4 10.19 % 10.08 % Ratio of net investment income to average net assets 4 16.25 % 13.03 % Portfolio turnover 12.23 % 11.04 % Total investment return 5 44.44 % (20.95) % Total return based on change in NAV 6 13.68 % 6.47 % Per share market value at the end of the period $ 23.70 $ 17.10 Weighted-average basic and diluted shares outstanding 39,611 28,304 Common shares outstanding at end of period 42,981 34,559 1 Based on weighted average of common shares outstanding for the period. 2 Reflects impact of the different share amounts as a result of issuance or forfeiture of restricted stock during the period. 3 Includes the impact of the different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end. The balance increases with the increase in variability of shares outstanding throughout the year due to share issuance and repurchase activity. 4 The ratios reflect an annualized amount. 5 Total investment return based on purchase of stock at the current market price on the first day and a sale at the current market price on the last day of each period reported on the table and assumes reinvestment of dividends at prices obtained by CSWC’s dividend reinvestment plan during the period. As such, the total investment return is not annualized. The return does not reflect any sales load that may be paid by an investor. 6 Total return based on change in NAV was calculated using the sum of ending NAV plus dividends to shareholders and other non-operating changes during the period, as divided by the beginning NAV, and has not been annualized |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 9 Months Ended |
Dec. 31, 2023 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS On January 22, 2024, the board of managers of I-45 SLF LLC approved additional capital commitments of $47.0 million to I-45 SLF LLC, which would result in an additional $37.6 million of capital commitment from the Company. The board of managers of I-45 SLF LLC also approved the dissolution and liquidation of I-45 SLF LLC and the wind up of its affairs, including distributing all of the assets of I-45 SLF LLC to the Company and Main Street Capital Corporation in accordance with their respective residual percentage. On January 24, 2024, I-45 SLF LLC paid down the full outstanding balance and terminated its credit facility. On January 24, 2024, the Board of Directors declared a total dividend of $0.63 per share, comprised of a regular dividend of $0.57 and a supplemental dividend of $0.06, for the quarter ending March 31, 2024. The record date for the dividend is March 15, 2024. The payment date for the dividend is March 29, 2024. |
Schedule of Investments in and
Schedule of Investments in and Advances to Affiliates | 9 Months Ended |
Dec. 31, 2023 | |
Investments in and Advances to Affiliates [Abstract] | |
Schedule of Investments in and Advances to Affiliates | SCHEDULE 12-14 Schedule of Investments in and Advances to Affiliates (In thousands) Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Control Investments I-45 SLF LLC 80% LLC equity interest $ — $ 6,439 $ 51,256 $ — $ — $ — $ 2,944 $ 54,200 Total Control Investments $ — $ 6,439 $ 51,256 $ — $ — $ — $ 2,944 $ 54,200 Affiliate Investments Air Conditioning Specialists, Inc. Revolving Loan $ 825 $ 70 $ 800 $ 605 $ (575) $ 15 $ (20) $ 825 First Lien 24,469 2,210 27,438 11,066 (13,935) 175 (275) 24,469 1,006,045.85 Preferred Units — — 1,202 534 — — 1,013 2,749 ArborWorks, LLC Revolving Loan 806 14 — 806 — — — 806 First Lien 3,030 56 — 3,030 — — — 3,030 100 Class A Units — — — — — — 5 5 13,898.32 Class A-1 Preferred Units — — — 3,170 — — — 3,170 13,898.32 Class B-1 Preferred Units — — — — — — — — 1,666.67 Class A-1 Common Units — — — — — — — — Catbird NYC, LLC Revolving Loan — 69 — 1,512 (1,500) — (12) — First Lien 15,200 1,487 15,500 46 (300) — (46) 15,200 1,000,000 Class A Units — 6 1,658 — — — — 1,658 500,000 Class B Units — 1 714 — — — — 714 Central Medical Supply LLC Revolving Loan 300 44 296 4 — — — 300 First Lien 7,526 889 7,402 51 — — 73 7,526 Delayed Draw Term Loan 100 21 99 5 — — (4) 100 2,620,670 Preferred Units — — 357 248 — — 755 1,360 Chandler Signs, LLC 1,500,000 units of Class A-1 common stock — 60 3,215 — (3,402) 1,902 (1,715) — Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Delphi Intermediate Healthco LLC First Lien — — — — — (1,649) 1,649 — First Lien — — — — — (1,829) 1,829 — Protective Advance — — — — — (1,448) 1,448 — 1,681.04 Common Units — — — — — (3,615) 3,615 — Dynamic Communities, LLC First Lien - Term Loan A 4,141 297 3,823 297 — — 20 4,140 First Lien - Term Loan B 4,226 359 3,843 359 — — 24 4,226 250,000 Class A Preferred units — — 625 — — — (308) 317 5,435,211.03 Class B Preferred units — — 2,218 — — — (2,218) — 255,984.22 Class C Preferred units — — — — — — — — 2,500,000 Common units — — — — — — — — GPT Industries, LLC Revolving Loan — 20 — 9 — — (9) — First lien 6,039 658 6,030 15 (111) — 105 6,039 1,000,000 Class A Preferred Units — — 1,000 — — — 469 1,469 GrammaTech, Inc. Revolving Loan — 7 — 7 — — (7) — First Lien 2,000 736 10,031 19 (8,031) 39 (58) 2,000 1,000 Class A units — — — — — — — — 360.06 Class A-1 units — — 372 — — — (372) — ITA Holdings Group, LLC Revolving Loan — 282 7,014 (30) (7,005) — 21 — First Lien - Term Loan — 282 10,114 6 (10,145) — 25 — First Lien - Term Loan B — 189 5,068 17 (5,073) — (12) — First Lien - PIK Note A — 88 3,255 168 (3,427) — 4 — First Lien - PIK Note B — 3 128 6 (134) — — — First Lien - Term Loan 12,966 1,278 — 11,013 — — 1,953 12,966 First Lien - Term Loan B 12,966 1,409 — 11,005 — — 1,961 12,966 Delayed Draw Term Loan - A 1,058 46 — 1,034 — — 24 1,058 Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Delayed Draw Term Loan - B 1,058 52 — 1,034 — — 24 1,058 Warrants — — 4,046 — — — (41) 4,005 Warrants — — — 3,791 — — 78 3,869 9.25% Class A membership interest — 120 4,348 — — — (1,974) 2,374 Lighting Retrofit International, LLC (DBA Envocore) Revolving Loan — 8 — — — — — — First Lien 5,104 294 5,143 — (39) — (138) 4,966 Second Lien 5,208 — 3,594 — — — 1,323 4,917 208,333.3333 Series A Preferred units — — — — — — — — 203,124.9999 Common units — — — — — — — — Outerbox, LLC Revolving Loan — 8 — 5 — — (5) — First Lien 14,625 1,392 14,552 30 — — (59) 14,523 6,308.2584 Class A common units — — 773 — — — (192) 581 Pool Service Partners, Inc. Revolving Loan — — — (20) — — 20 — First Lien 5,000 20 — 4,900 — — — 4,900 Delayed Draw Term Loan — 1 — (83) — — 83 — 10,000 Common units — — — 1,000 — — — 1,000 Roseland Management, LLC Revolving Loan 300 51 555 9 (275) — 11 300 First Lien 14,942 1,410 14,524 19 (109) — 508 14,942 3,364 Class A-2 Units — — 694 — — — 93 787 1,100 Class A-1 units — — 161 — — — 30 191 16,084 Class A units — — 422 — — — 445 867 Sonobi, Inc. 500,000 Class A Common units — — 1,749 — — — 553 2,302 STATinMED, LLC First Lien 7,560 276 7,288 272 — — (1,431) 6,129 Delayed Draw Term Loan — 1 122 2 (124) 1 (1) — 4,718.62 Class A Preferred Units — — 3,767 — — — (3,767) — 39,097.96 Class B Preferred Units — — — — — — — — Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Student Resource Center LLC First Lien 9,644 590 8,720 776 — — (1,009) 8,487 10,502,487.46 Preferred units — — 5,845 — — — (3,186) 2,659 2,000,000 Preferred units — — — — — — — — Total Affiliate Investments $ 159,093 $ 14,804 $ 188,505 $ 56,737 $ (54,185) $ (6,409) $ 1,302 $ 185,950 Total Control & Affiliate Investments $ 159,093 $ 21,243 $ 239,761 $ 56,737 $ (54,185) $ (6,409) $ 4,246 $ 240,150 (1) The principal amount and ownership detail as shown in the Consolidated Schedules of Investments. (2) Represents the total amount of interest or dividends credited to income for the portion of the year an investment was included in the Control or Affiliate categories, respectively. (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments, accrued PIK interest, and accretion of OID. Gross additions also include movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include movement of an existing portfolio company out of this category and into a different category. (5) The schedule does not reflect realized gains or losses on escrow receivables for investments which were previously exited and were not held during the period presented. Gains and losses on escrow receivables are classified in the Consolidated Statements of Operations according to the control classification at the time the investment was exited. |
Pay vs Performance Disclosure
Pay vs Performance Disclosure - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Pay vs Performance Disclosure | ||||
Net unrealized depreciation on investments | $ 23,484 | $ 2,949 | $ 69,920 | $ 14,917 |
Insider Trading Arrangements
Insider Trading Arrangements | 3 Months Ended |
Dec. 31, 2023 | |
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 |
N-2
N-2 - $ / shares | 9 Months Ended | |||
Dec. 31, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2022 | |
Cover [Abstract] | ||||
Entity Central Index Key | 0000017313 | |||
Amendment Flag | false | |||
Securities Act File Number | 814-00061 | |||
Document Type | 10-Q | |||
Entity Registrant Name | CAPITAL SOUTHWEST CORPORATION | |||
Entity Address, Address Line One | 8333 Douglas Avenue | |||
Entity Address, Address Line Two | Suite 1100 | |||
Entity Address, City or Town | Dallas | |||
Entity Address, State or Province | TX | |||
Entity Address, Postal Zip Code | 75225 | |||
City Area Code | 214 | |||
Local Phone Number | 238-5700 | |||
Entity Emerging Growth Company | false | |||
General Description of Registrant [Abstract] | ||||
Investment Objectives and Practices [Text Block] | We are an internally managed closed-end, non-diversified management investment company that has elected to be regulated as a BDC under the 1940 Act. We specialize in providing customized debt and equity financing to LMM companies and debt capital to UMM companies in a broad range of investment segments located primarily in the United States. Our investment objective is to produce attractive risk-adjusted returns by generating current income from our debt investments and capital appreciation from our equity and equity related investments. Our investment strategy is to partner with business owners, management teams and financial sponsors to provide flexible financing solutions to fund growth, changes of control, or other corporate events. We invest primarily in senior debt securities, secured by security interests in portfolio company assets. We also invest in equity interests in our portfolio companies alongside our debt securities. We focus on investing in companies with histories of generating revenues and positive cash flow, established market positions and proven management teams with strong operating discipline. We primarily target senior debt and equity investments in LMM companies, and opportunistically target first and second lien loans in UMM companies. Our target LMM companies typically have annual EBITDA between $3.0 million and $20.0 million, and our LMM investments generally range in size from $5.0 million to $35.0 million. Our UMM investments generally include first and second lien loans in companies with EBITDA generally greater than $20.0 million, and our UMM investments typically range in size from $5.0 million to $20.0 million. We seek to fill the financing gap for LMM companies, which, historically, have had more limited access to financing from commercial banks and other traditional sources. The underserved nature of the LMM creates the opportunity for us to meet the financing needs of LMM companies while also negotiating favorable transaction terms and equity participations. Our ability to invest across a LMM company’s capital structure, from secured loans to equity securities, allows us to offer portfolio companies a comprehensive suite of financing options. Providing customized financing solutions is important to LMM companies. We generally seek to partner directly with financial sponsors, entrepreneurs, management teams and business owners in making our investments. Our LMM debt investments typically include senior loans with a first lien on the assets of the portfolio company. Our LMM debt investments typically have a term of between five and seven years from the original investment date. We also often seek to invest in the equity securities of our LMM portfolio companies. Our investments in UMM companies primarily consist of direct investments in or secondary purchases of interest bearing debt securities in privately held companies that are generally larger in size than the LMM companies included in our portfolio. Our UMM debt investments are generally secured by either a first or second priority lien on the assets of the portfolio company and typically have an expected duration of between three and seven years from the original investment date. Because we are internally managed, we do not pay any external investment advisory fees, but instead directly incur the operating costs associated with employing investment and portfolio management professionals. We believe that our internally managed structure provides us with a beneficial operating expense structure when compared to other publicly traded and privately held investment firms that are externally managed, and our internally managed structure allows us the opportunity to leverage our non-interest operating expenses as we grow our investment portfolio. For the nine months ended December 31, 2023 and 2022, the ratio of our last twelve months ("LTM") operating expenses, excluding interest expense, as a percentage of our LTM average total assets was 1.84% and 1.89%, respectively. | |||
Risk Factors [Table Text Block] | Risk Factors Investing in our common stock involves a number of significant risks. There have been no material changes to the risk factors as previously disclosed in our Annual Report on Form 10-K for the fiscal year ended March 31, 2023 that we filed with the SEC on May 23, 2023, other than the risk factor listed below: The alternative reference rates that have replaced LIBOR in our credit arrangements and other financial instruments may not yield the same or similar economic results as LIBOR over the life of such transactions. The London Interbank Offered Rate (“LIBOR”) is an index rate that historically was widely used in lending transactions and was a common reference rate for setting the floating interest rate on private loans. LIBOR was typically the reference rate used in floating-rate loans extended to our portfolio companies. The ICE Benchmark Administration (“IBA”) (the entity that is responsible for calculating LIBOR) ceased providing overnight, one, three, six and twelve months USD LIBOR tenors on June 30, 2023. In addition, the United Kingdom’s Financial Conduct Authority (“FCA”), which oversees the IBA, now prohibits entities supervised by the FCA from using LIBORs, including USD LIBOR, except in very limited circumstances. In the United States, the Secured Overnight Financing Rate (“SOFR”) is the preferred alternative rate for LIBOR. SOFR is a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is based on directly observable U.S. Treasury-backed repurchase transactions. SOFR is published by the Federal Reserve Bank of New York each U.S. Government Securities Business Day, for transactions made on the immediately preceding U.S. Government Securities Business Day. Alternative reference rates that may replace LIBOR, including SOFR for USD transactions, may not yield the same or similar economic results as LIBOR over the lives of such transactions. All of our loans that referenced LIBOR have been amended to reference the forward-looking term rate published by CME Group Benchmark Administration Limited based on the secured overnight financing rate (“CME Term SOFR”). CME Term SOFR rates are forward-looking rates that are derived by compounding projected overnight SOFR rates over one, three, and six months taking into account the values of multiple consecutive, executed, one-month and three-month CME Group traded SOFR futures contracts and, in some cases, over-the-counter SOFR Overnight Indexed Swaps as an indicator of CME Term SOFR reference rate values. CME Term SOFR and the inputs on which it is based are derived from SOFR. Since CME Term SOFR is a relatively new market rate, there will likely be no established trading market for credit agreements or other financial instruments when they are issued, and an established market may never develop or may not be liquid. Market terms for instruments referencing CME Term SOFR rates may be lower than those of later-issued CME Term SOFR indexed instruments. Similarly, if CME Term SOFR does not prove to be widely used, the trading price of instruments referencing CME Term SOFR may be lower than those of instruments indexed to indices that are more widely used. | |||
NAV Per Share | $ 16.77 | $ 16.37 | $ 16.25 | $ 16.86 |
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt [Table Text Block] | In accordance with the 1940 Act, effective April 25, 2019, the Company is only allowed to borrow amounts such that its asset coverage (i.e., the ratio of assets less liabilities not represented by senior securities to senior securities such as borrowings), calculated pursuant to the 1940 Act, is at least 150% after such borrowing. The Board of Directors also approved a resolution that limits the Company’s issuance of senior securities such that the asset coverage ratio, taking into account any such issuance, would not be less than 166%, which became effective April 25, 2019. On August 11, 2021, we received an exemptive order from SEC to permit us to exclude the senior securities issued by SBIC I or any future SBIC subsidiary of the Company from the definition of senior securities in the asset coverage requirement applicable to the Company under the 1940 Act. As of December 31, 2023, the Company’s asset coverage was 253%. Credit Facility In August 2016, CSWC entered into a senior secured revolving credit facility (the “Credit Facility”) to provide additional liquidity to support its investment and operational activities. On August 2, 2023, the Company entered into the Third Amended and Restated Senior Secured Revolving Credit Agreement (as amended or otherwise modified from time to time, the "Credit Agreement"). Borrowings under the Credit Facility accrue interest at a rate equal to the applicable Adjusted Term SOFR plus 2.15% per annum. The Credit Agreement (1) increased commitments under the Credit Facility from $400 million to $435 million from a diversified group of lenders; (2) added an uncommitted accordion feature that could increase the maximum commitments up to $750 million; (3) extended the end of the Credit Facility's revolving period from August 9, 2025 to August 2, 2027 and extended the final maturity from August 9, 2026 to August 2, 2028; and (4) amended several financial covenants. On December 7, 2023, the Company entered into an Incremental Commitment and Assumption Agreement that increased the total commitments under the accordion feature of the Credit Agreement by $25 million, which increased total commitments from $435 million to $460 million. The $25 million increase was provided by one new lender, bringing the total bank syndicate to ten participants. CSWC pays unused commitment fees of 0.50% to 1.00% per annum, based on utilization, on the unused lender commitments under the Credit Facility. The Credit Facility contains certain affirmative and negative covenants, including but not limited to: (1) certain reporting requirements, (2) maintaining RIC and BDC status, (3) maintaining a minimum senior coverage ratio of 2.00 to 1, (4) maintaining a minimum shareholders’ equity, (5) maintaining a minimum consolidated net worth, (6) maintaining a regulatory asset coverage of not less than 150%, and (7) maintaining an interest coverage ratio of at least 2.00 to 1. The Credit Agreement also contains customary events of default, including, without limitation, nonpayment, misrepresentation of representations and warranties in a material respect, breach of covenant, bankruptcy, and change of control, with customary cure and notice provisions. If the Company defaults on its obligations under the Credit Agreement, the lenders may have the right to foreclose upon and sell, or otherwise transfer, the collateral subject to their security interests. The Credit Facility is secured by (1) substantially all of the present and future property and assets of the Company and the guarantors and (2) 100% of the equity interests in the Company’s wholly-owned subsidiary. As of December 31, 2023, substantially all of the Company’s assets were pledged as collateral for the Credit Facility, except for assets held by SBIC I. At December 31, 2023, CSWC had $195.0 million in borrowings outstanding under the Credit Facility. CSWC recognized interest expense related to the Credit Facility, including unused commitment fees and amortization of deferred loan costs, of $5.2 million and $14.5 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, CSWC recognized interest expense of $3.9 million and $8.8 million, respectively. The weighted average interest rate on the Credit Facility was 7.88% and 7.61% and for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the Credit Facility was 6.02% and 4.63%, respectively. Average borrowings for the three and nine months ended December 31, 2023 were $224.7 million and $162.9 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $228.0 million and $208.6 million, respectively. As of December 31, 2023 and 2022, CSWC was in compliance with all financial covenants under the Credit Agreement. January 2026 Notes In December 2020, the Company issued $75.0 million in aggregate principal amount of 4.50% Notes due 2026 (the "Existing January 2026 Notes"). The Existing January 2026 Notes were issued at par. In February 2021, the Company issued an additional $65.0 million in aggregate principal amount of the January 2026 Notes (the "Additional January 2026 Notes" together with the Existing January 2026 Notes, the "January 2026 Notes"). The Additional January 2026 Notes were issued at a price of 102.11% of the aggregate principal amount of the Additional January 2026 Notes, resulting in a yield-to-maturity of approximately 4.0% at issuance. The Additional January 2026 Notes are treated as a single series with the Existing January 2026 Notes under the indenture and have the same terms as the Existing January 2026 Notes. The January 2026 Notes mature on January 31, 2026 and may be redeemed in whole or in part at any time prior to October 31, 2025, at par plus a "make-whole" premium, and thereafter at par. The January 2026 Notes bear interest at a rate of 4.50% per year, payable semi-annually on January 31 and July 31 of each year. The January 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the January 2026 Notes was $139.3 million on an aggregate principal amount of $140.0 million at a weighted average effective yield of 4.46%. As of December 31, 2023, the fair value of the January 2026 Notes was $121.2 million. This is a Level 3 fair value measurement under ASC 820 based on a valuation model using a discounted cash flow analysis. The Company recognized interest expense related to the January 2026 Notes, including amortization of deferred issuance costs, of $1.7 million and $5.0 million, respectively, for each of the three and nine months ended December 31, 2023 and 2022. For each of the three and nine months ended December 31, 2023 and 2022, average borrowings were $140.0 million. The indenture governing the January 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the January 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These covenants are subject to important limitations and exceptions that are described in the indenture and the third supplemental indenture relating to the January 2026 Notes. In addition, holders of the January 2026 Notes can require the Company to repurchase some or all of the January 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the third supplemental indenture relating to the January 2026 Notes. October 2026 Notes In August 2021, the Company issued $100.0 million in aggregate principal amount of 3.375% Notes due 2026 (the "Existing October 2026 Notes"). The Existing October 2026 Notes were issued at a price of 99.418% of the aggregate principal amount of the Existing October 2026 Notes, resulting in a yield-to-maturity of 3.5%. In November 2021, the Company issued an additional $50.0 million in aggregate principal amount of the October 2026 Notes (the "Additional October 2026 Notes" together with the Existing October 2026 Notes, the "October 2026 Notes"). The Additional October 2026 Notes were issued at a price of 99.993% of the aggregate principal amount, resulting in a yield-to-maturity of approximately 3.375% at issuance. The Additional October 2026 Notes are treated as a single series with the Existing October 2026 Notes under the indenture and have the same terms as the Existing October 2026 Notes. The October 2026 Notes mature on October 1, 2026 and may be redeemed in whole or in part at any time prior to July 1, 2026, at par plus a "make-whole" premium, and thereafter at par. The October 2026 Notes bear interest at a rate of 3.375% per year, payable semi-annually in arrears on April 1 and October 1 of each year. The October 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the October 2026 Notes was $147.9 million on an aggregate principal amount of $150.0 million at a weighted average effective yield of 3.5%. As of December 31, 2023, the fair value of the October 2026 Notes was $130.5 million. This is a Level 3 fair value measurement under ASC 820 based on a valuation model using a discounted cash flow analysis. The Company recognized interest expense related to the October 2026 Notes, including amortization of deferred issuance costs, of $1.5 million and $4.4 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the Company recognized interest expense of $1.4 million and $4.3 million, respectively. For each of the three and nine months ended December 31, 2023 and 2022, average borrowings were $150.0 million. The indenture governing the October 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the October 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fourth supplemental indenture relating to the October 2026 Notes. In addition, holders of the October 2026 Notes can require the Company to repurchase some or all of the October 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the fourth supplemental indenture relating to the October 2026 Notes. August 2028 Notes In June 2023, the Company issued approximately $71.9 million in aggregate principal amount, including the underwriters' full exercise of their option to purchase an additional $9.4 million in aggregate principal amount to cover over-allotments, of 7.75% notes due 2028 (the "August 2028 Notes"). The August 2028 Notes mature on August 1, 2028 and may be redeemed in whole or in part at any time, or from time to time, at the Company’s option on or after August 1, 2025. The August 2028 Notes bear interest at a rate of 7.75% per year, payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning on August 1, 2023. The August 2028 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. The August 2028 Notes are listed on the Nasdaq Global Select Market under the trading symbol "CSWCZ." As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the August 2028 Notes was $69.6 million on an aggregate principal amount of $71.9 million at a weighted average effective yield of 7.75%. As of December 31, 2023, the fair value of the August 2028 Notes was $73.3 million. The fair value is based on the closing price of the security on The Nasdaq Global Select Market, which is a Level 1 input under ASC 820. The Company recognized interest expense related to the August 2028 Notes, including amortization of deferred issuance costs, of $1.5 million and $3.3 million for the three and nine months ended December 31, 2023, respectively. Since the issuance of the August 2028 Notes on June 14, 2023 through December 31, 2023, average borrowings were $71.9 million. The indenture governing the August 2028 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the August 2028 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fifth supplemental indenture relating to the August 2028 Notes. SBA Debentures On April 20, 2021, SBIC I received a license from the SBA to operate as an SBIC under Section 301(c) of the Small Business Investment Act of 1958, as amended. The license allows SBIC I to obtain leverage by issuing SBA Debentures, subject to the issuance of a leverage commitment by the SBA. SBA Debentures are loans issued to an SBIC which have interest payable semi-annually and a ten-year maturity. The interest rate is fixed shortly after issuance at a market-driven spread over U.S. Treasury Notes with ten-year maturities. Interest on SBA Debentures is payable semi-annually on March 1 and September 1. Current statutes and regulations permit SBIC I to borrow up to $175 million in SBA Debentures with at least $87.5 million in regulatory capital (as defined in the SBA regulations). On May 25, 2021, SBIC I received a leverage commitment from the SBA in the amount of $40.0 million to be issued on or prior to September 30, 2025. On January 28, 2022, SBIC I received an additional leverage commitment in the amount of $40.0 million to be issued on or prior to September 30, 2026. On November 22, 2022, SBIC I received an additional leverage commitment in the amount of $50.0 million to be issued on or prior to September 30, 2027. On December 20, 2023, SBIC I received an additional leverage commitment in the amount of $45.0 million to be issued on or prior to September 30, 2028. The SBA may limit the amount that may be drawn each year under these commitments, and each issuance of leverage is conditioned on the Company’s full compliance, as determined by the SBA, with the terms and conditions set forth in the SBA regulations. As of December 31, 2023, SBIC I had regulatory capital of $87.5 million and leverageable capital of $87.5 million. As of December 31, 2023, SBIC I had a total leverage commitment from the SBA in the amount of $175.0 million, of which $45.0 million remains unused. As of December 31, 2023, the carrying amount of SBA Debentures was $126.1 million on an aggregate principal amount of $130.0 million. As of December 31, 2023, the fair value of the SBA Debentures was $122.8 million. The fair value of the SBA Debentures is estimated by discounting the remaining payments using current market rates for similar instruments and considering such factors as the legal maturity date and the ability of market participants to prepay the SBA Debentures, which are Level 3 inputs under ASC 820. The Company recognized interest expense and fees related to SBA Debentures of $1.5 million and $4.4 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the Company recognized interest expense of $0.9 million and $1.9 million, respectively. The weighted average interest rate on the SBA Debentures was 4.24% and 4.13% for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the SBA Debentures was 3.70% and 2.98%, respectively. For the three and nine months ended December 31, 2023, average borrowings were $130.0 million and $127.3 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $83.9 million and $54.1 million, respectively. As of December 31, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands): Pooling Date (1) Maturity Date Fixed Interest Rate December 31, 2023 9/22/2021 9/1/2031 1.575% $ 15,000 3/23/2022 3/1/2032 3.209% 25,000 9/21/2022 9/1/2032 4.435% 40,000 3/22/2023 3/1/2033 5.215% 40,000 9/20/2023 9/1/2033 5.735% 10,000 $ 130,000 (1) | |||
Alternative Reference Rates Economic Results Risk [Member] | ||||
General Description of Registrant [Abstract] | ||||
Risk [Text Block] | The alternative reference rates that have replaced LIBOR in our credit arrangements and other financial instruments may not yield the same or similar economic results as LIBOR over the life of such transactions. The London Interbank Offered Rate (“LIBOR”) is an index rate that historically was widely used in lending transactions and was a common reference rate for setting the floating interest rate on private loans. LIBOR was typically the reference rate used in floating-rate loans extended to our portfolio companies. The ICE Benchmark Administration (“IBA”) (the entity that is responsible for calculating LIBOR) ceased providing overnight, one, three, six and twelve months USD LIBOR tenors on June 30, 2023. In addition, the United Kingdom’s Financial Conduct Authority (“FCA”), which oversees the IBA, now prohibits entities supervised by the FCA from using LIBORs, including USD LIBOR, except in very limited circumstances. In the United States, the Secured Overnight Financing Rate (“SOFR”) is the preferred alternative rate for LIBOR. SOFR is a measure of the cost of borrowing cash overnight, collateralized by U.S. Treasury securities, and is based on directly observable U.S. Treasury-backed repurchase transactions. SOFR is published by the Federal Reserve Bank of New York each U.S. Government Securities Business Day, for transactions made on the immediately preceding U.S. Government Securities Business Day. Alternative reference rates that may replace LIBOR, including SOFR for USD transactions, may not yield the same or similar economic results as LIBOR over the lives of such transactions. All of our loans that referenced LIBOR have been amended to reference the forward-looking term rate published by CME Group Benchmark Administration Limited based on the secured overnight financing rate (“CME Term SOFR”). CME Term SOFR rates are forward-looking rates that are derived by compounding projected overnight SOFR rates over one, three, and six months taking into account the values of multiple consecutive, executed, one-month and three-month CME Group traded SOFR futures contracts and, in some cases, over-the-counter SOFR Overnight Indexed Swaps as an indicator of CME Term SOFR reference rate values. CME Term SOFR and the inputs on which it is based are derived from SOFR. Since CME Term SOFR is a relatively new market rate, there will likely be no established trading market for credit agreements or other financial instruments when they are issued, and an established market may never develop or may not be liquid. Market terms for instruments referencing CME Term SOFR rates may be lower than those of later-issued CME Term SOFR indexed instruments. Similarly, if CME Term SOFR does not prove to be widely used, the trading price of instruments referencing CME Term SOFR may be lower than those of instruments indexed to indices that are more widely used. | |||
January 2026 Notes [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | January 2026 Notes | |||
Long Term Debt, Structuring [Text Block] | In December 2020, the Company issued $75.0 million in aggregate principal amount of 4.50% Notes due 2026 (the "Existing January 2026 Notes"). The Existing January 2026 Notes were issued at par. In February 2021, the Company issued an additional $65.0 million in aggregate principal amount of the January 2026 Notes (the "Additional January 2026 Notes" together with the Existing January 2026 Notes, the "January 2026 Notes"). The Additional January 2026 Notes were issued at a price of 102.11% of the aggregate principal amount of the Additional January 2026 Notes, resulting in a yield-to-maturity of approximately 4.0% at issuance. The Additional January 2026 Notes are treated as a single series with the Existing January 2026 Notes under the indenture and have the same terms as the Existing January 2026 Notes. The January 2026 Notes mature on January 31, 2026 and may be redeemed in whole or in part at any time prior to October 31, 2025, at par plus a "make-whole" premium, and thereafter at par. The January 2026 Notes bear interest at a rate of 4.50% per year, payable semi-annually on January 31 and July 31 of each year. The January 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The indenture governing the January 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the January 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These covenants are subject to important limitations and exceptions that are described in the indenture and the third supplemental indenture relating to the January 2026 Notes. In addition, holders of the January 2026 Notes can require the Company to repurchase some or all of the January 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the third supplemental indenture relating to the January 2026 Notes. | |||
October 2026 Notes [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | October 2026 Notes | |||
Long Term Debt, Structuring [Text Block] | In August 2021, the Company issued $100.0 million in aggregate principal amount of 3.375% Notes due 2026 (the "Existing October 2026 Notes"). The Existing October 2026 Notes were issued at a price of 99.418% of the aggregate principal amount of the Existing October 2026 Notes, resulting in a yield-to-maturity of 3.5%. In November 2021, the Company issued an additional $50.0 million in aggregate principal amount of the October 2026 Notes (the "Additional October 2026 Notes" together with the Existing October 2026 Notes, the "October 2026 Notes"). The Additional October 2026 Notes were issued at a price of 99.993% of the aggregate principal amount, resulting in a yield-to-maturity of approximately 3.375% at issuance. The Additional October 2026 Notes are treated as a single series with the Existing October 2026 Notes under the indenture and have the same terms as the Existing October 2026 Notes. The October 2026 Notes mature on October 1, 2026 and may be redeemed in whole or in part at any time prior to July 1, 2026, at par plus a "make-whole" premium, and thereafter at par. The October 2026 Notes bear interest at a rate of 3.375% per year, payable semi-annually in arrears on April 1 and October 1 of each year. The October 2026 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The indenture governing the October 2026 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the October 2026 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fourth supplemental indenture relating to the October 2026 Notes. In addition, holders of the October 2026 Notes can require the Company to repurchase some or all of the October 2026 Notes at a purchase price equal to 100% of their principal amount, plus accrued and unpaid interest to, but not including, the repurchase date upon the occurrence of a “Change of Control Repurchase Event,” as defined in the fourth supplemental indenture relating to the October 2026 Notes. | |||
August 2028 Notes [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | August 2028 Notes | |||
Long Term Debt, Structuring [Text Block] | In June 2023, the Company issued approximately $71.9 million in aggregate principal amount, including the underwriters' full exercise of their option to purchase an additional $9.4 million in aggregate principal amount to cover over-allotments, of 7.75% notes due 2028 (the "August 2028 Notes"). The August 2028 Notes mature on August 1, 2028 and may be redeemed in whole or in part at any time, or from time to time, at the Company’s option on or after August 1, 2025. The August 2028 Notes bear interest at a rate of 7.75% per year, payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning on August 1, 2023. The August 2028 Notes are the direct unsecured obligations of the Company, rank pari passu with the Company's other outstanding and future unsecured unsubordinated indebtedness and are effectively or structurally subordinated to all of the Company's existing and future secured indebtedness, including borrowings under the Credit Facility and the SBA Debentures. The August 2028 Notes are listed on the Nasdaq Global Select Market under the trading symbol "CSWCZ." As of December 31, 2023, the carrying amount, which includes unamortized debt issuance costs, of the August 2028 Notes was $69.6 million on an aggregate principal amount of $71.9 million at a weighted average effective yield of 7.75%. As of December 31, 2023, the fair value of the August 2028 Notes was $73.3 million. The fair value is based on the closing price of the security on The Nasdaq Global Select Market, which is a Level 1 input under ASC 820. The Company recognized interest expense related to the August 2028 Notes, including amortization of deferred issuance costs, of $1.5 million and $3.3 million for the three and nine months ended December 31, 2023, respectively. Since the issuance of the August 2028 Notes on June 14, 2023 through December 31, 2023, average borrowings were $71.9 million. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The indenture governing the August 2028 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC, to comply with Section 18(a)(1)(B) as modified by Section 61(a)(2) of the 1940 Act, or any successor provisions, after giving effect to any exemptive relief granted to the Company by the SEC and subject to certain other exceptions, and to provide financial information to the holders of the August 2028 Notes and the trustee under the indenture if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture and the fifth supplemental indenture relating to the August 2028 Notes. | |||
Credit Facility [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | Credit Facility | |||
Long Term Debt, Structuring [Text Block] | In August 2016, CSWC entered into a senior secured revolving credit facility (the “Credit Facility”) to provide additional liquidity to support its investment and operational activities. The Credit Facility is secured by (1) substantially all of the present and future property and assets of the Company and the guarantors and (2) 100% of the equity interests in the Company’s wholly-owned subsidiary. As of December 31, 2023, substantially all of the Company’s assets were pledged as collateral for the Credit Facility, except for assets held by SBIC I. At December 31, 2023, CSWC had $195.0 million in borrowings outstanding under the Credit Facility. CSWC recognized interest expense related to the Credit Facility, including unused commitment fees and amortization of deferred loan costs, of $5.2 million and $14.5 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, CSWC recognized interest expense of $3.9 million and $8.8 million, respectively. The weighted average interest rate on the Credit Facility was 7.88% and 7.61% and for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the Credit Facility was 6.02% and 4.63%, respectively. Average borrowings for the three and nine months ended December 31, 2023 were $224.7 million and $162.9 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $228.0 million and $208.6 million, respectively. As of December 31, 2023 and 2022, CSWC was in compliance with all financial covenants under the Credit Agreement. | |||
Long Term Debt, Dividends and Covenants [Text Block] | The Credit Agreement also contains customary events of default, including, without limitation, nonpayment, misrepresentation of representations and warranties in a material respect, breach of covenant, bankruptcy, and change of control, with customary cure and notice provisions. If the Company defaults on its obligations under the Credit Agreement, the lenders may have the right to foreclose upon and sell, or otherwise transfer, the collateral subject to their security interests. | |||
SBA Debentures [Member] | ||||
Capital Stock, Long-Term Debt, and Other Securities [Abstract] | ||||
Long Term Debt, Title [Text Block] | SBA Debentures | |||
Long Term Debt, Structuring [Text Block] | On April 20, 2021, SBIC I received a license from the SBA to operate as an SBIC under Section 301(c) of the Small Business Investment Act of 1958, as amended. The license allows SBIC I to obtain leverage by issuing SBA Debentures, subject to the issuance of a leverage commitment by the SBA. SBA Debentures are loans issued to an SBIC which have interest payable semi-annually and a ten-year maturity. The interest rate is fixed shortly after issuance at a market-driven spread over U.S. Treasury Notes with ten-year maturities. Interest on SBA Debentures is payable semi-annually on March 1 and September 1. Current statutes and regulations permit SBIC I to borrow up to $175 million in SBA Debentures with at least $87.5 million in regulatory capital (as defined in the SBA regulations). On May 25, 2021, SBIC I received a leverage commitment from the SBA in the amount of $40.0 million to be issued on or prior to September 30, 2025. On January 28, 2022, SBIC I received an additional leverage commitment in the amount of $40.0 million to be issued on or prior to September 30, 2026. On November 22, 2022, SBIC I received an additional leverage commitment in the amount of $50.0 million to be issued on or prior to September 30, 2027. On December 20, 2023, SBIC I received an additional leverage commitment in the amount of $45.0 million to be issued on or prior to September 30, 2028. The SBA may limit the amount that may be drawn each year under these commitments, and each issuance of leverage is conditioned on the Company’s full compliance, as determined by the SBA, with the terms and conditions set forth in the SBA regulations. As of December 31, 2023, SBIC I had regulatory capital of $87.5 million and leverageable capital of $87.5 million. As of December 31, 2023, SBIC I had a total leverage commitment from the SBA in the amount of $175.0 million, of which $45.0 million remains unused. As of December 31, 2023, the carrying amount of SBA Debentures was $126.1 million on an aggregate principal amount of $130.0 million. As of December 31, 2023, the fair value of the SBA Debentures was $122.8 million. The fair value of the SBA Debentures is estimated by discounting the remaining payments using current market rates for similar instruments and considering such factors as the legal maturity date and the ability of market participants to prepay the SBA Debentures, which are Level 3 inputs under ASC 820. The Company recognized interest expense and fees related to SBA Debentures of $1.5 million and $4.4 million for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the Company recognized interest expense of $0.9 million and $1.9 million, respectively. The weighted average interest rate on the SBA Debentures was 4.24% and 4.13% for the three and nine months ended December 31, 2023, respectively. For the three and nine months ended December 31, 2022, the weighted average interest rate on the SBA Debentures was 3.70% and 2.98%, respectively. For the three and nine months ended December 31, 2023, average borrowings were $130.0 million and $127.3 million, respectively. For the three and nine months ended December 31, 2022, average borrowings were $83.9 million and $54.1 million, respectively. As of December 31, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands): Pooling Date (1) Maturity Date Fixed Interest Rate December 31, 2023 9/22/2021 9/1/2031 1.575% $ 15,000 3/23/2022 3/1/2032 3.209% 25,000 9/21/2022 9/1/2032 4.435% 40,000 3/22/2023 3/1/2033 5.215% 40,000 9/20/2023 9/1/2033 5.735% 10,000 $ 130,000 (1) |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 9 Months Ended |
Dec. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Presentation | Basis of Presentation The consolidated financial statements have been prepared in accordance with U.S. GAAP. We meet the definition of an investment company and follow the accounting and reporting guidance in the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies (“ASC 946”). Under rules and regulations applicable to investment companies, we are generally precluded from consolidating any entity other than another investment company, subject to certain exceptions. One of the exceptions to this general principle occurs if the investment company has an investment in an operating company that provides services to the investment company. Accordingly, the consolidated financial statements include the Taxable Subsidiary and SBIC I. The consolidated financial statements are presented in conformity with U.S. GAAP for interim financial information and pursuant to the requirements for reporting on Form 10-Q and Article 10 of Regulation S-X. Accordingly, certain disclosures accompanying annual consolidated financial statements prepared in accordance with U.S. GAAP are omitted. In the opinion of our management, the unaudited consolidated financial results included herein contain all adjustments, consisting solely of normal recurring accruals, considered necessary for the fair presentation of consolidated financial statements for the interim periods included herein. The results of operations for the three and nine months ended December 31, 2023 are not necessarily indicative of the operating results to be expected for the full fiscal year. Also, the unaudited consolidated financial statements and notes should be read in conjunction with the audited consolidated financial statements and notes thereto for the fiscal years ended March 31, 2023 and 2022. Consolidated financial statements prepared in accordance with U.S. GAAP require management to make estimates and assumptions that affect the amounts and disclosures reported in the consolidated financial statements and accompanying notes. Such estimates and assumptions could change in the future as more information becomes known, which could impact the amounts reported and disclosed herein. |
Fair Value Measurements | Fair Value Measurements We account for substantially all of our financial instruments at fair value in accordance with ASC Topic 820, Fair Value Measurements and Disclosures (“ASC 820”). ASC 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements, including the categorization of financial instruments into a three-level hierarchy based on the transparency of valuation inputs. ASC 820 requires disclosure of the fair value of financial instruments for which it is practical to estimate such value. We believe that the carrying amounts of our financial instruments such as cash, receivables and payables approximate the fair value of these items due to the short maturity of these instruments. This is considered a Level 1 valuation technique. The carrying value of our credit facility approximates fair value (Level 3 input). See Note 4 below for further discussion regarding the fair value measurements and hierarchy. |
Investments | Investments Investments are stated at fair value and are determined by the Valuation Committee as the Valuation Designee pursuant to Rule 2a-5 under the 1940 Act, subject to the oversight of our Board of Directors, as described in the Notes to the Consolidated Schedule of Investments and Notes 3 and 4 below. Investments are recorded on a trade date basis. Net Realized Gains or Losses and Net Unrealized Appreciation or Depreciation Realized gains or losses are measured by the difference between the net proceeds from the sale or redemption of an investment or a financial instrument and the cost basis of the investment or financial instrument, without regard to unrealized appreciation or depreciation previously recognized, and includes investments written-off during the period net of recoveries and realized gains or losses from in-kind redemptions. Net unrealized appreciation or depreciation reflects the net change in the fair value of the investment portfolio and financial instruments and the reclassification of any prior period unrealized appreciation or depreciation on exited investments and financial instruments to realized gains or losses. Investment Valuation Process Beginning as of the fiscal quarter ended June 30, 2023, pursuant to Rule 2a-5 under the 1940 Act, the Board of Directors has designated the Valuation Committee comprised of certain officers of the Company as the Valuation Designee to determine the fair value of the Company's investments that do not have readily available market quotations, subject to the oversight of the Board of Directors. The valuation process is led by the valuation team and the Valuation Committee in conjunction with the investment team. The process includes a quarterly review of each investment by our valuation team and the Valuation Committee. Valuations of each portfolio security are prepared quarterly by the valuation team using updated financial and other operational information collected from the investment team. In conjunction with the internal valuation process, the Valuation Committee also has engaged multiple independent consulting firms specializing in financial due diligence, valuation, and business advisory services to provide third-party valuation reviews and an independent range of values for selected investments, which is presented to the Valuation Committee. CSWC also uses a standard internal investment rating system in connection with its investment oversight, portfolio management, and investment valuation procedures for its debt portfolio. This system takes into account both quantitative and qualitative factors of the portfolio company and the investments held therein. |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents, which consist of cash and highly liquid investments with an original maturity of three months or less at the date of purchase, are carried at cost, which approximates fair value. Cash may be held in a money market fund from time to time, which is a Level 1 security. At December 31, 2023 and March 31, 2023, cash held in money market funds amounted to $3.0 million and $8.9 million, respectively. Cash and cash equivalents includes deposits at financial institutions. We deposit our cash balances in financial institutions and, at times, such balances may be in excess of the Federal Deposit Insurance Corporation (“FDIC”) insurance limits. At December 31, 2023 and March 31, 2023, cash balances totaling $22.4 million and $20.3 million, respectively, exceeded FDIC insurance limits, subjecting us to risk related to the uninsured balance. All of our cash deposits are held at large established high credit quality financial institutions and management believes that the risk of loss associated with any uninsured balances is remote. |
Segment Information | Segment Information We operate and manage our business in a singular segment. As an investment company, we invest in portfolio companies in various industries and geographic areas as discussed in Note 3. |
Consolidation | Consolidation As permitted under Regulation S-X and ASC 946, we generally do not consolidate our investment in a portfolio company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to CSWC. Accordingly, we consolidate the results of the Taxable Subsidiary and SBIC I. All intercompany balances have been eliminated upon consolidation. |
Use of Estimates | Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Actual results could differ from those estimates. We have identified investment valuation and revenue recognition as our most critical accounting estimates. |
Interest Income | Interest and Dividend Income Interest and dividend income is recorded on an accrual basis to the extent amounts are expected to be collected. Dividend income is recognized on the date dividends are declared by the portfolio company or at the point an obligation exists for the portfolio company to make a distribution. Discounts/premiums received to par on loans purchased are capitalized and accreted or amortized into income over the life of the loan using the effective interest method. In accordance with our valuation policy, accrued interest and dividend income is evaluated quarterly for collectability. When we do not expect the debtor to be able to service all of its debt or other obligations, we generally will establish a reserve against interest income receivable, thereby placing the loan or debt security on non-accrual status, and cease to recognize interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security’s status significantly improves regarding its ability to service debt or other obligations, it will be restored to accrual basis. As of December 31, 2023, investments on non-accrual status represented approximately 2.2% of our total investment portfolio's fair value and approximately 2.8% of its cost. As of March 31, 2023, investments on non-accrual status represented approximately 0.3% of our total investment portfolio's fair value and approximately 1.3% of its cost. To maintain RIC tax treatment, non-cash sources of income, such as accretion of interest income, may need to be paid out to shareholders in the form of distributions, even though CSWC may not have collected the interest income. For the three months ended December 31, 2023 and 2022, approximately 2.7% and 3.2%, respectively, of CSWC's total investment income was attributable to non-cash interest income for the accretion of discounts associated with debt investments, net of any premium reduction. For the nine months ended December 31, 2023 and 2022, approximately 3.0% and 3.5%, respectively, of CSWC's total investment income was attributable to non-cash interest income for the accretion of discounts associated with debt investments, net of any premium reduction. Payment-in-Kind Interest |
Dividends Income | Interest and Dividend Income Interest and dividend income is recorded on an accrual basis to the extent amounts are expected to be collected. Dividend income is recognized on the date dividends are declared by the portfolio company or at the point an obligation exists for the portfolio company to make a distribution. Discounts/premiums received to par on loans purchased are capitalized and accreted or amortized into income over the life of the loan using the effective interest method. In accordance with our valuation policy, accrued interest and dividend income is evaluated quarterly for collectability. When we do not expect the debtor to be able to service all of its debt or other obligations, we generally will establish a reserve against interest income receivable, thereby placing the loan or debt security on non-accrual status, and cease to recognize interest income on that loan or debt security until the borrower has demonstrated the ability and intent to pay contractual amounts due. If a loan or debt security’s status significantly improves regarding its ability to service debt or other obligations, it will be restored to accrual basis. As of December 31, 2023, investments on non-accrual status represented approximately 2.2% of our total investment portfolio's fair value and approximately 2.8% of its cost. As of March 31, 2023, investments on non-accrual status represented approximately 0.3% of our total investment portfolio's fair value and approximately 1.3% of its cost. |
Fee Income | Fee Income |
Warrants | Warrants In connection with the Company's debt investments, the Company may receive warrants or other equity-related securities from the borrower. The Company determines the cost basis of warrants based upon their respective fair values on the date of receipt in proportion to the total fair value of the debt and warrants received. Any resulting difference between the face amount of the debt and its recorded fair value resulting from the assignment of value to the warrants is treated as original issue discount (“OID”), and accreted into interest income using the effective interest method over the term of the debt investment. |
Debt | Debt Issuance Costs Debt issuance costs include commitment fees and other costs related to CSWC’s senior secured revolving credit facility, its unsecured notes (as discussed further in Note 5) and the debentures guaranteed by the SBA (the "SBA Debentures"). The costs in connection with the credit facility have been capitalized and are amortized into interest expense over the term of the credit facility. The costs in connection with the unsecured notes and the SBA Debentures are a direct deduction from the related debt liability and amortized into interest expense over the term of the January 2026 Notes (as defined below), the October 2026 Notes (as defined below), the August 2028 Notes (as defined below) and the SBA Debentures. Deferred Offering Costs Deferred offering costs include registration expenses related to our shelf registration statement and expenses related to the launch of the "at-the-market" program through which we can sell, from time to time, shares of our common stock (the "Equity ATM Program"). These expenses consist primarily of SEC registration fees, legal fees and accounting fees incurred related thereto. These expenses are included in other assets on the Consolidated Statements of Assets and Liabilities. Upon the completion of an equity offering or a debt offering, the deferred expenses are charged to additional paid-in capital or debt issuance costs, respectively. If there are any deferred offering costs remaining at the expiration of the shelf registration statement, these deferred costs are charged to expense. Realized Losses on Extinguishment of Debt |
Leases | Leases The Company is obligated under an operating lease pursuant to which it is leasing an office facility from a third party with a remaining term of approximately 8.75 years. The operating lease is included as an operating lease right-of-use ("ROU") asset and operating lease liability in the accompanying Consolidated Statements of Assets and Liabilities. The Company does not have any financing leases. |
Federal Income Taxes | Federal Income Taxes CSWC has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a RIC under Subsection M of the Code. By meeting these requirements, we will not be subject to U.S. federal income taxes at corporate rates on ordinary income or capital gains timely distributed to shareholders. In order to qualify as a RIC, the Company is required to timely distribute to its shareholders at least 90% of investment company taxable income, as defined by the Code, each year. Investment company taxable income generally differs from net income for financial reporting purposes due to temporary and permanent differences in the recognition of income and expenses. Investment company taxable income generally excludes net unrealized appreciation or depreciation, as investment gains and losses are not included in investment company taxable income until they are realized. Depending on the level of taxable income or capital gains earned in a tax year, we may choose to carry forward taxable income or capital gains in excess of current year distributions into the next year and pay a 4% U.S. federal excise tax on such income. Any such carryover taxable income or capital gains must be distributed through a dividend declared on or prior to the later of (1) the filing of the U.S. federal income tax return for the applicable fiscal year and (2) the fifteenth day of the ninth month following the close of the year in which such taxable income was generated. In lieu of distributing our net capital gains for a year, we may decide to retain some or all of our net capital gains. We will be required to pay a 21% corporate rate U.S. federal income tax on any such retained net capital gains. We may elect to treat such retained capital gain as a deemed distribution to shareholders. Under such circumstances, shareholders will be required to include their share of such retained capital gain in income, but will receive a credit for the amount of U.S. federal income tax paid at corporate rates with respect to their shares. As an investment company that qualifies as a RIC, federal income taxes payable on security gains that we elect to retain are accrued only on the last day of our tax year, December 31. Any net capital gains actually distributed to shareholders and properly reported by us as capital gain dividends are generally taxable to the shareholders as long-term capital gains. See Note 6 for further discussion. The Taxable Subsidiary, a wholly-owned subsidiary of CSWC, is not a RIC and is required to pay taxes at the corporate rate of 21%. For tax purposes, the Taxable Subsidiary has elected to be treated as a taxable entity, and therefore is not consolidated for tax purposes and is taxed at normal corporate tax rates based on taxable income and, as a result of its activities, may generate an income tax provision or benefit. The taxable income, or loss, of the Taxable Subsidiary may differ from its book income, or loss, due to temporary book and tax timing differences and permanent differences. This income tax provision, or benefit, if any, and the related tax assets and liabilities, are reflected in our consolidated financial statements. Management evaluates tax positions taken or expected to be taken in the course of preparing the Company’s consolidated financial statements to determine whether the tax positions are “more-likely-than-not” to be sustained by the applicable tax authority. Tax positions with respect to tax at the CSWC level not deemed to meet the “more-likely-than-not” threshold would be recorded as an expense in the current year. Management’s conclusions regarding tax positions will be subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. The Company has concluded that it does not have any uncertain tax positions that meet the recognition of measurement criteria of ASC Topic 740, Income Taxes , ("ASC 740") for the current period. Also, we account for interest and, if applicable, penalties for any uncertain tax positions as a component of income tax provision. No interest or penalties expense was recorded during the three and nine months ended December 31, 2023 and 2022. Deferred Taxes Deferred tax assets and liabilities are recorded for losses or income at the Taxable Subsidiary using statutory tax rates. A valuation allowance is provided against deferred tax assets when it is more likely than not that some portion or all of the deferred tax asset will not be realized. ASC 740 requires the effects of changes in tax rates and laws on deferred tax balances to be recognized in the period in which the legislation was enacted. See Note 6 for further discussion. |
Stock-Based Compensation | Stock-Based Compensation We account for our share-based compensation using the fair value method, as prescribed by ASC Topic 718, Compensation – Stock Compensation . Accordingly, we recognize share-based compensation cost on a straight-line basis for all share-based payments awards granted to employees. For restricted stock awards, we measure the fair value based upon the market price of our common stock on the date of the grant. For restricted stock awards, we amortize this fair value to share-based compensation expense over the vesting term. We recognize forfeitures as they occur. The unvested shares of restricted stock awarded pursuant to CSWC’s equity compensation plans are participating securities and are included in the basic and diluted earnings per share calculation. |
Shareholder Distributions | Shareholder Distributions Distributions to common shareholders are recorded on the ex-dividend date. The amount of distributions, if any, is determined by the Board of Directors each quarter and is generally based upon the earnings estimated by management. Net realized capital gains, if any, generally are distributed, although the Company may decide to retain such capital gains for investment. |
Presentation | Presentation |
Recently Issued or Adopted Accounting Standards | Recently Issued or Adopted Accounting Standards In June 2022, the FASB issued ASU 2022-03, “Fair Value Measurement (Topic 820) - Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions,” which was issued to (1) clarify the guidance in Topic 820, Fair Value Measurement, when measuring the fair value of an equity security subject to contractual restrictions that prohibit the sale of an equity security, (2) amend a related illustrative example, and (3) introduce new disclosure requirements for equity securities subject to contractual sale restrictions that are measured at fair value in accordance with Topic 820. The new guidance is effective for interim and annual periods beginning after December 15, 2023. The Company does not anticipate the new standard will have a material impact on its consolidated financial statements or its disclosures. |
INVESTMENTS (Tables)
INVESTMENTS (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Schedule of Investments [Abstract] | |
Schedule of Investments | The following table shows the composition of the investment portfolio, at fair value and cost (with corresponding percentage of total portfolio investments) as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: First lien loans 1,2 $ 1,146,355 84.0 % 159.0 % $ 1,155,923 84.4 % Second lien loans 2 34,614 2.5 4.8 41,846 3.0 Subordinated debt 3 768 0.1 0.1 768 0.1 Preferred equity 68,644 5.0 9.5 54,314 4.0 Common equity & warrants 60,456 4.4 8.4 36,255 2.6 I-45 SLF LLC 4 54,200 4.0 7.5 80,800 5.9 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % March 31, 2023: First lien loans 1,2 $ 1,000,984 83.0 % 169.5 % $ 1,018,595 83.5 % Second lien loans 2 35,820 3.0 6.1 44,038 3.6 Subordinated debt 3 791 0.1 0.1 763 0.1 Preferred equity 63,393 5.2 10.7 43,634 3.6 Common equity & warrants 54,144 4.5 9.2 32,322 2.6 I-45 SLF LLC 4 51,256 4.2 8.7 80,800 6.6 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 Included in first lien loans are loans structured as first lien last out loans. These loans may, in certain cases, be subordinated in payment priority to other senior secured lenders. As of December 31, 2023 and March 31, 2023, the fair value of the first lien last out loans are $34.7 million and $50.1 million, respectively. 2 Included in first lien loans and second lien loans are loans structured as split lien term loans. These loans provide the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. As of December 31, 2023 and March 31, 2023, the fair value of the split lien term loans included in first lien loans is $43.8 million and $45.0 million, respectively. As of December 31, 2023 and March 31, 2023, the fair value of the split lien term loans included in second lien loans is $20.5 million and $20.2 million, respectively. 3 Included in subordinated debt are unsecured convertible notes with a fair value of $0.4 million as of both December 31, 2023 and March 31, 2023. 4 I-45 SLF LLC is a joint venture between CSWC and Main Street Capital Corporation. This entity primarily invests in syndicated senior secured loans to the UMM. The portfolio companies held by I-45 SLF LLC represent a diverse set of industry classifications, which are similar to those in which CSWC invests directly. The following tables show the composition of the investment portfolio by industry, at fair value and cost (with corresponding percentage of total portfolio investments) as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: Healthcare Services $ 201,462 14.8 % 27.9 % $ 211,005 15.4 % Media & Marketing 172,578 12.6 23.9 168,006 12.3 Business Services 148,002 10.8 20.5 155,291 11.3 Consumer Services 100,527 7.4 13.9 99,903 7.3 Food, Agriculture & Beverage 89,397 6.5 12.4 97,909 7.1 Consumer Products and Retail 85,638 6.3 11.9 83,561 6.1 Healthcare Products 80,257 5.9 11.2 78,335 5.7 Financial Services 57,827 4.2 8.0 42,913 3.1 Transportation & Logistics 54,361 4.0 7.5 46,502 3.4 I-45 SLF LLC 1 54,200 4.0 7.5 80,800 5.9 Industrial Products 52,545 3.9 7.3 39,484 2.9 Environmental Services 44,165 3.3 6.1 43,153 3.2 Software & IT Services 33,211 2.4 4.6 32,186 2.3 Industrial Services 29,924 2.2 4.2 29,438 2.1 Aerospace & Defense 22,500 1.6 3.1 21,792 1.6 Education 22,466 1.6 3.1 25,539 1.9 Distribution 16,490 1.2 2.3 18,611 1.4 Telecommunications 15,818 1.2 2.2 16,619 1.3 Technology Products & Components 15,812 1.2 2.2 9,838 0.7 Restaurants 15,680 1.1 2.2 15,664 1.1 Energy Services (Midstream) 15,313 1.1 2.1 15,223 1.1 Specialty Chemicals 15,102 1.1 2.1 15,100 1.1 Energy Services (Upstream) 12,586 0.9 1.8 12,384 0.9 Containers & Packaging 9,176 0.7 1.3 10,650 0.8 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) March 31, 2023: Media & Marketing $ 149,357 12.4 % 25.3 % $ 139,750 11.5 % Business Services 146,727 12.2 24.9 147,056 12.1 Healthcare Services 126,971 10.5 21.5 143,455 11.8 Consumer Services 91,913 7.6 15.6 91,142 7.5 Consumer Products and Retail 86,385 7.2 14.6 86,607 7.1 Food, Agriculture & Beverage 68,833 5.7 11.7 73,223 6.0 Healthcare Products 66,355 5.5 11.2 67,555 5.5 Technology Products & Components 59,718 5.0 10.1 43,016 3.5 I-45 SLF LLC 1 51,256 4.2 8.7 80,800 6.6 Transportation & Logistics 48,494 4.0 8.2 42,049 3.4 Software & IT Services 47,641 3.9 8.1 47,563 3.9 Financial Services 40,420 3.3 6.8 30,950 2.5 Industrial Products 32,518 2.7 5.5 25,827 2.1 Environmental Services 29,753 2.5 5.0 34,869 2.9 Education 26,357 2.2 4.5 25,995 2.1 Industrial Services 25,460 2.1 4.3 24,920 2.0 Energy Services (Midstream) 22,829 1.9 3.9 23,337 1.9 Specialty Chemicals 17,839 1.5 3.0 17,531 1.4 Energy Services (Upstream) 17,730 1.5 3.0 17,402 1.4 Telecommunications 17,386 1.4 2.9 21,796 1.9 Distribution 16,315 1.4 2.8 18,755 1.5 Containers & Packaging 10,131 0.8 1.7 10,656 0.9 Aerospace & Defense 6,000 0.5 1.0 5,898 0.5 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 I-45 SLF LLC is a joint venture between CSWC and Main Street Capital Corporation. This entity primarily invests in syndicated senior secured loans to the UMM. The portfolio companies in I-45 SLF LLC represent a diverse set of industry classifications, which are similar to those in which CSWC invests directly. The following tables summarize the composition of the investment portfolio by geographic region of the United States, at fair value and cost (with corresponding percentage of total portfolio investments), as of December 31, 2023 and March 31, 2023: Fair Value Percentage of Total Portfolio Percentage of Net Assets Cost Percentage of Total Portfolio (dollars in thousands) December 31, 2023: Northeast $ 355,661 26.1 % 49.3 % $ 336,213 24.5 % West 296,438 21.7 41.1 288,503 21.1 Southwest 231,386 16.9 32.1 236,949 17.3 Southeast 209,207 15.3 29.0 210,688 15.4 Midwest 172,267 12.6 23.9 173,508 12.7 I-45 SLF LLC 1 54,200 4.0 7.5 80,800 5.9 International 45,878 3.4 6.4 43,245 3.1 $ 1,365,037 100.0 % 189.3 % $ 1,369,906 100.0 % March 31, 2023: Northeast $ 269,569 22.3 % 45.7 % $ 255,995 21.0 % Southeast 235,782 19.5 39.9 236,333 19.4 Southwest 234,127 19.4 39.6 231,467 19.0 West 233,079 19.3 39.5 232,109 19.0 Midwest 156,233 13.1 26.4 158,989 13.0 I-45 SLF LLC 1 51,256 4.2 8.7 80,800 6.6 International 26,342 2.2 4.5 24,459 2.0 $ 1,206,388 100.0 % 204.3 % $ 1,220,152 100.0 % 1 |
FAIR VALUE MEASUREMENTS (Tables
FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Fair Value Disclosures [Abstract] | |
Schedule Investment Portfolio by Level | The following fair value hierarchy tables set forth our investment portfolio by level as of December 31, 2023 and March 31, 2023 (in thousands): Fair Value Measurements at December 31, 2023 Using Asset Category Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs First lien loans $ 1,146,355 $ — $ — $ 1,146,355 Second lien loans 34,614 — — 34,614 Subordinated debt 768 — — 768 Preferred equity 68,644 — — 68,644 Common equity & warrants 60,456 — — 60,456 Investments measured at net asset value 1 54,200 — — — Total Investments $ 1,365,037 $ — $ — $ 1,310,837 Fair Value Measurements at March 31, 2023 Using Asset Category Total Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs First lien loans $ 1,000,984 $ — $ — $ 1,000,984 Second lien loans 35,820 — — 35,820 Subordinated debt 791 — — 791 Preferred equity 63,393 — — 63,393 Common equity & warrants 54,144 — — 54,144 Investments measured at net asset value 1 51,256 — — — Total Investments $ 1,206,388 $ — $ — $ 1,155,132 1 Certain investments that are measured at fair value using the NAV per share (or its equivalent) practical expedient have not been categorized 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 Consolidated Statements of Assets and Liabilities. For the investment valued at NAV per share at December 31, 2023 and March 31, 2023, the redemption restrictions dictate that we cannot withdraw our membership interest without unanimous approval. We are permitted to sell or transfer our membership interest and must deliver written notice of such transfer to the other member no later than 60 business days prior to the sale or transfer. |
Schedule of Valuation Techniques and Significant Level 3 Inputs | The tables below present the Valuation Techniques and Significant Level 3 Inputs (ranges and weighted averages) used in the valuation of CSWC’s debt and equity securities at December 31, 2023 and March 31, 2023. Significant Level 3 Inputs were weighted by the relative fair value of the investments. The tables are not intended to be all inclusive, but instead capture the significant unobservable inputs relevant to our determination of fair value. Fair Value at Significant Valuation December 31, 2023 Unobservable Weighted Type Technique (in thousands) Inputs Range Average First lien loans Income Approach $ 1,096,012 Discount Rate 6.4% - 53.6% 13.8% Third Party Broker Quote 98.9 - 98.9 98.9 Market Approach 50,343 Cost 97.5 - 100.0 98.1 Second lien loans Income Approach 34,614 Discount Rate 12.9% - 20.4% 16.7% Third Party Broker Quote 35.0 - 35.0 35.0 Subordinated debt Market Approach 210 Cost 100.0 - 100.0 100.0 Enterprise Value Waterfall Approach 558 EBITDA Multiple 5.9x - 8.0x 6.6x Discount Rate 13.3% - 25.1% 17.0% Preferred equity Enterprise Value Waterfall Approach 65,811 EBITDA Multiple 4.1x - 16.8x 9.6x Discount Rate 8.7% - 29.1% 17.1% Market Approach 2,833 Cost 100.0 - 100.0 100.0 Common equity & warrants Enterprise Value Waterfall Approach 59,289 EBITDA Multiple 4.1x - 16.5x 9.0x Discount Rate 8.7% - 26.6% 16.5% Market Approach 1,167 Cost 100.0 - 100.0 100.0 Total Level 3 Investments $ 1,310,837 Fair Value at Significant Valuation March 31, 2023 Unobservable Weighted Type Technique (in thousands) Inputs Range Average First lien loans Income Approach $ 953,918 Discount Rate 6.9% - 26.2% 13.0% Third Party Broker Quote 5.1 - 96.5 93.9 Market Approach 41,923 Cost 94.1 - 98.1 97.9 Enterprise Value Waterfall Approach 5,143 EBITDA Multiple 9.4x - 9.4x 9.4x Discount Rate 27.2% - 27.2% 27.2% Second lien loans Income Approach 32,226 Discount Rate 18.3% - 34.3% 25.1% Third Party Broker Quote 61.3 - 61.3 61.3 Enterprise Value Waterfall Approach 3,594 EBITDA Multiple 9.4x - 9.4x 9.4x Discount Rate 27.2% - 27.2% 27.2% Subordinated debt Market Approach 205 Cost 100.0 - 100.0 100.0 Enterprise Value Waterfall Approach 586 EBITDA Multiple 6.0x - 7.7x 6.6x Discount Rate 20.2% - 25.0% 21.8% Preferred equity Enterprise Value Waterfall Approach 59,518 EBITDA Multiple 4.7x - 16.7x 9.8x Discount Rate 11.7% - 30.8% 17.1% Market Approach 3,875 Cost 100.0 - 100.0 100.0 Common equity & warrants Enterprise Value Waterfall Approach 53,064 EBITDA Multiple 5.5x - 18.6x 9.5x Discount Rate 11.4% - 36.6% 18.2% Market Approach 1,080 Exit Value 100.0 - 100.0 100.0 Total Level 3 Investments $ 1,155,132 |
Schedule of Changes in Fair Value of Investments Measured Using Level 3 Inputs | The following tables provide a summary of changes in the fair value of investments measured using Level 3 inputs during the nine months ended December 31, 2023 and 2022 (in thousands): Fair Value March 31, 2023 Realized & Unrealized Gains (Losses) Purchases of Investments 1 Repayments PIK Interest Capitalized Divestitures Conversion/Exchange of Security 2 Fair Value December 31, 2023 YTD Unrealized Appreciation (Depreciation) on Investments held at period end First lien loans $ 1,000,984 $ (9,874) $ 307,934 $ (139,778) $ 7,925 $ (13,875) $ (6,961) $ 1,146,355 $ (4,920) Second lien loans 35,820 989 187 (2,596) 214 — — 34,614 987 Subordinated debt 791 (28) — (20) 25 — — 768 (28) Preferred equity 63,393 (5,532) 7,886 — — (273) 3,170 68,644 (5,430) Common equity & warrants 54,144 622 5,757 — — (3,858) 3,791 60,456 390 Total Investments $ 1,155,132 $ (13,823) $ 321,764 $ (142,394) $ 8,164 $ (18,006) $ — $ 1,310,837 $ (9,001) Fair Value March 31, 2022 Realized & Unrealized Gains (Losses) Purchases of Investments 1 Repayments PIK Interest Capitalized Divestitures Conversion/Exchange of Security Fair Value December 31, 2022 YTD Unrealized Appreciation (Depreciation) on Investments held at period end First lien loans $ 739,872 $ (14,263) $ 335,069 $ (96,475) $ 3,512 $ — $ (13,715) $ 954,000 $ (10,201) Second lien loans 52,645 (7,512) 2,930 (12,239) 314 (692) — 35,446 (6,307) Subordinated debt 1,317 (328) 385 — 65 — (587) 852 (224) Preferred equity 44,663 (1,253) 3,571 — — — 14,302 61,283 1,840 Common equity & warrants 40,514 8,670 4,320 — — (2,664) — 50,840 9,853 Total Investments $ 879,011 $ (14,686) $ 346,275 $ (108,714) $ 3,891 $ (3,356) $ — $ 1,102,421 $ (5,039) 1 Includes purchases of new investments, as well as discount accretion on existing investments. 2 Includes $3.8 million of cost basis allocated from first lien debt to warrants. |
BORROWINGS (Tables)
BORROWINGS (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Debt Disclosure [Abstract] | |
Schedule of Borrowings Outstanding | The Company had the following borrowings outstanding as of December 31, 2023 and March 31, 2023 (amounts in thousands): Outstanding Balance Unamortized Debt Issuance Costs and Debt Discount/Premium (1) Recorded Value December 31, 2023 SBA Debentures $ 130,000 $ (3,919) $ 126,081 Credit Facility 195,000 — 195,000 January 2026 Notes 140,000 (696) 139,304 October 2026 Notes 150,000 (2,116) 147,884 August 2028 Notes 71,875 (2,309) 69,566 $ 686,875 $ (9,040) $ 677,835 March 31, 2023 SBA Debentures $ 120,000 $ (3,670) $ 116,330 Credit Facility 235,000 — 235,000 January 2026 Notes 140,000 (949) 139,051 October 2026 Notes 150,000 (2,737) 147,263 $ 645,000 $ (7,356) $ 637,644 (1) |
Schedule of Issued and Outstanding SBA Debentures | As of December 31, 2023, the Company's issued and outstanding SBA Debentures mature as follows (amounts in thousands): Pooling Date (1) Maturity Date Fixed Interest Rate December 31, 2023 9/22/2021 9/1/2031 1.575% $ 15,000 3/23/2022 3/1/2032 3.209% 25,000 9/21/2022 9/1/2032 4.435% 40,000 3/22/2023 3/1/2033 5.215% 40,000 9/20/2023 9/1/2033 5.735% 10,000 $ 130,000 (1) The SBA has two scheduled pooling dates for SBA Debentures (in March and in September). Certain SBA Debentures funded during the reporting periods may not be pooled until the subsequent pooling date. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Income Tax Disclosure [Abstract] | |
Book and Tax Basis Differences Relating to Dividends and Distributions | Book and tax basis differences relating to dividends and distributions to our shareholders and other permanent book and tax differences are typically reclassified among the CSWC’s capital accounts. In addition, the character of income and gains to be distributed is determined in accordance with income tax regulations that may differ from U.S. GAAP; accordingly, for the years ended December 31, 2023 and 2022, CSWC reclassified for book purposes amounts arising from permanent book/tax differences related to the tax treatment of return of capital and/or deemed distributions, tax treatment of investments upon disposition, and non-deductible expenses, as follows (amounts in thousands): Nine Months Ended December 31, 2023 2022 Additional capital $ (5,277) $ (5,126) Total distributable earnings 5,277 5,126 |
Schedule of Distributions | The tax character of distributions paid for the tax years ended December 31, 2023 and 2022 was as follows (amounts in thousands): Twelve Months Ended December 31, 2023 2022 Ordinary income $ 94,139 $ 60,960 Distributions of long term capital gains — — Distributions on tax basis 1 $ 94,139 $ 60,960 1 Includes only those distributions which reduce estimated taxable income. |
Schedule of Net Assets Resulting from Operations to Estimated RIC Taxable Income | The following reconciles net increase in net assets resulting from operations to estimated RIC taxable income for the nine months ended December 31, 2023 and 2022: Nine Months Ended December 31, Reconciliation of RIC Distributable Income 1 2023 2022 Net increase in net assets from operations $ 69,920 $ 14,917 Net unrealized (appreciation) depreciation on investments (9,906) 13,989 (Expense/loss) income/gain recognized for tax on pass-through entities (4,123) 10 (Gain) loss recognized on dispositions (2,824) (1,473) Capital loss carryover 2 24,429 14,454 Net operating (income) loss - wholly-owned subsidiary (4,931) 1,071 Dividend income from wholly-owned subsidiary — 1,068 Non-deductible tax expense 640 466 Loss on extinguishment of debt (2,045) (2,045) Non-deductible compensation 2,772 2,443 Compensation related book/tax differences (466) (1,471) Interest on non-accrual loans 3,959 2,924 Other book/tax differences 3,580 960 Estimated distributable income before deductions for distributions $ 81,005 $ 47,313 1 The calculation of taxable income for each period is an estimate and will not be finally determined until the Company files its tax return each year. Final taxable income may be different than this estimate. 2 At December 31, 2023, the Company had long-term capital loss carryforwards of $58.0 million to offset future capital gains. These capital loss carryforwards are not subject to expiration. |
Schedule of Deferred Tax Assets and Liabilities | The following table sets forth the significant components of the deferred tax assets and liabilities as of December 31, 2023 and March 31, 2023 (amounts in thousands): December 31, 2023 March 31, 2023 Deferred tax asset: Net operating loss carryforwards $ 159 $ — Interest 966 219 Total deferred tax asset 1,125 219 Deferred tax liabilities: Net unrealized appreciation on investments (10,402) (11,413) Net basis differences in portfolio investments (1,648) (923) Total deferred tax liabilities (12,050) (12,336) Total net deferred tax (liabilities) assets $ (10,925) $ (12,117) |
Schedule of Significant Components of Income Tax Provision | The following table sets forth the significant components of income tax provision as of December 31, 2023 and 2022 (amounts in thousands): Nine Months Ended December 31, Components of Income Tax Provision 2023 2022 Excise tax $ 590 $ 468 Tax (benefit) provision related to Taxable Subsidiary (69) (488) Other 50 — Total income tax provision $ 571 $ (20) |
SHAREHOLDERS' EQUITY (Tables)
SHAREHOLDERS' EQUITY (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Equity [Abstract] | |
Schedule of Shares Sold | The following table summarizes certain information relating to shares sold under the Equity ATM Program: Three Months Ended December 31, 2023 2022 Number of shares sold 3,036,234 3,264,878 Gross proceeds received (in thousands) $ 66,549 $ 58,324 Net proceeds received (in thousands) 1 $ 65,551 $ 57,449 Weighted average price per share $ 21.92 $ 17.86 Nine Months Ended December 31, 2023 2022 Number of shares sold 6,663,692 6,909,446 Gross proceeds received (in thousands) $ 134,965 $ 131,990 Net proceeds received (in thousands) 1 $ 132,941 $ 130,010 Weighted average price per share $ 20.25 $ 19.10 1 Net proceeds reflects proceeds after deducting commissions to the sales agents on shares sold and offering expenses. As of December 31, 2023 and 2022, $0.9 million and $2.7 million in proceeds remained receivable, respectively, and were included in other receivables in the Consolidated Statements of Assets and Liabilities. |
Schedule of Share Repurchases | The following table summarizes certain information relating to shares repurchased in connection with the vesting of restricted stock awards: Three Months Ended December 31, 2023 2022 Number of shares repurchased 6,216 19,917 Aggregate cost of shares repurchased (in thousands) $ 138 $ 380 Weighted average price per share $ 22.17 $ 19.09 Nine Months Ended December 31, 2023 2022 Number of shares repurchased 52,797 49,590 Aggregate cost of shares repurchased (in thousands) $ 1,063 $ 1,021 Weighted average price per share $ 20.13 $ 20.59 |
STOCK BASED COMPENSATION PLANS
STOCK BASED COMPENSATION PLANS (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Share-Based Payment Arrangement [Abstract] | |
Schedule of Restricted Stock Outstanding | The following table summarizes the restricted stock outstanding under the 2010 Plan and the 2021 Employee Plan as of December 31, 2023: Weighted Average Weighted Average Fair Value Per Remaining Vesting Restricted Stock Awards Number of Shares Share at grant date Term (in Years) Unvested at March 31, 2023 432,711 $ 21.61 2.4 Granted 284,407 19.86 — Vested (156,755) 20.93 — Forfeited (1,791) 23.91 — Unvested at December 31, 2023 558,572 $ 20.90 2.6 The following table summarizes the restricted stock outstanding under the Non-Employee Director Plan as of December 31, 2023: Weighted Average Weighted Average Fair Value Per Remaining Vesting Restricted Stock Awards Number of Shares Share at grant date Term (in Years) Unvested at March 31, 2023 12,105 $ 20.66 0.4 Granted 11,200 — — Vested (12,105) — — Forfeited — — — Unvested at December 31, 2023 11,200 $ 22.33 0.6 |
COMMITMENTS AND CONTINGENCIES (
COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Unused Commitments to Extend Credit | The balances of unfunded debt commitments as of December 31, 2023 and March 31, 2023 were as follows (amounts in thousands): December 31, March 31, Portfolio Company 2023 2023 Revolving Loans Acacia BuyerCo V LLC $ 2,000 $ 2,000 Acceleration, LLC 3,050 1,300 Air Conditioning Specialist, Inc. 1,675 1,200 American Teleconferencing Services, Ltd. — 154 ArborWorks, LLC 1,196 1,000 ATS Operating, LLC 2,000 2,000 Bond Brand Loyalty ULC 2,000 — Catbird NYC, LLC 4,000 4,000 Cavalier Buyer, Inc. 2,000 2,000 CDC Dental Management Co., LLC 2,000 — Central Medical Supply LLC 1,200 1,200 Damotech Inc. 3,000 — Edge Autonomy Holdings, LLC 4,000 — Exact Borrower, LLC 2,500 2,500 FM Sylvan, Inc. 5,000 8,000 FS Vector LLC 2,000 — Gains Intermediate, LLC 2,500 2,500 GPT Industries, LLC 3,000 3,000 GrammaTech, Inc. 2,500 2,500 Gulf Pacific Acquisition, LLC 555 657 HH-Inspire Acquisition, Inc. 46 — Ignite Visibility LLC 2,000 — Institutes of Health, LLC 1,000 — ISI Enterprises, LLC 2,000 2,000 Island Pump and Tank, LLC 1,500 1,000 ITA Holdings Group, LLC 3,525 — Lash OpCo, LLC 202 138 LGM Pharma LLC 1,500 — Lighting Retrofit International, LLC 2,083 2,083 Lightning Intermediate II, LLC 1,296 1,852 LKC Technologies, Inc. 2,000 — Mako Steel LP 1,887 943 Mammoth BorrowCo, Inc. 3,750 — Microbe Formulas LLC 1,627 1,627 December 31, March 31, Portfolio Company 2023 2023 Muenster Milling Company, LLC — 7,000 New Skinny Mixes, LLC 3,500 4,000 NinjaTrader, Inc. 2,500 2,500 NWN Parent Holdings, LLC — 480 Opco Borrower, LLC 833 833 Outerbox, LLC 2,000 2,000 Pipeline Technique Ltd. 2,278 2,833 Pool Service Holdings, LLC 1,000 — Roof OpCo, LLC 3,056 3,056 Roseland Management, LLC 1,700 1,425 RTIC Subsidiary Holdings LLC 1,151 548 Shearwater Research, Inc. — 2,446 South Coast Terminals LLC 1,742 1,935 Spotlight AR, LLC 2,000 2,000 Swensons Drive-In Restaurants, LLC 1,500 — Systec Corporation 1,000 400 Versicare Management LLC 2,500 2,500 Wall Street Prep, Inc. 1,000 1,000 Well-Foam, Inc. 4,500 4,500 Winter Services Operations, LLC — 4,444 Total Revolving Loans 102,852 87,554 Delayed Draw Term Loans AAC New Holdco Inc. 166 199 Acacia BuyerCo V LLC — 2,500 Acceleration, LLC — 5,000 Air Conditioning Specialist Inc. 750 — Central Medical Supply LLC 1,400 1,400 CityVet, Inc. 5,000 — Exact Borrower, LLC — 2,500 Gains Intermediate, LLC — 5,000 Gulf Pacific Acquisition, LLC 1,212 1,212 Ignite Visibility LLC 2,000 — Infolinks Media Buyco, LLC — 2,250 ITA Holdings Group, LLC 854 — KMS, LLC — 2,286 Mammoth BorrowCo, Inc. 2,875 — New Skinny Mixes, LLC 3,000 3,000 NinjaTrader, Inc. — 4,692 Pool Service Holdings, LLC 5,600 — Versicare Management LLC — 2,600 Winter Services Operations, LLC — 4,444 Total Delayed Draw Term Loans 22,857 37,083 December 31, March 31, Portfolio Company 2023 2023 Other Command Group Acquisition, LLC 7,500 — Total Other 7,500 — Total Unfunded Debt Commitments $ 133,209 $ 124,637 The balances of unfunded equity commitments as of December 31, 2023 and March 31, 2023 were as follows (amounts in thousands): December 31, 2023 March 31, 2023 Unfunded Equity Commitments Catbird NYC, LLC $ 125 $ 125 Infolinks Media Buyco, LLC 412 412 Total Unfunded Equity Commitments $ 537 $ 537 |
Schedule of Unfunded Debt | The following table provides additional information regarding the expiration year of the Company’s unfunded debt commitments (amounts in thousands): December 31, 2023 March 31, 2023 Unfunded Debt Commitments Expiring during: 2024 $ 7,666 $ 31,625 2025 21,762 10,637 2026 9,777 6,712 2027 27,473 38,062 2028 35,982 35,318 2029 30,549 2,283 Total Unfunded Debt Commitments $ 133,209 $ 124,637 |
Schedule of Future Minimum Payments | The following table shows future minimum payments under the Company's operating leases as of December 31, 2023 (in thousands): Year ending March 31, Rent Commitment 2024 $ 103 2025 416 2026 426 2027 436 2028 446 Thereafter 2,132 Total $ 3,959 |
SUMMARY OF PER SHARE INFORMAT_2
SUMMARY OF PER SHARE INFORMATION (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Investment Company [Abstract] | |
Schedule of Per Share Data | The following presents a summary of per share data for the nine months ended December 31, 2023 and 2022 (share amounts presented in thousands). Nine Months Ended December 31, Per Share Data: 2023 2022 Investment income 1 $ 3.33 $ 2.90 Operating expenses 1 (1.28) (1.26) Income taxes 1 (0.01) 0.00 Net investment income 1 2.04 1.64 Net realized (loss) gain, net of tax 1 (0.51) (0.62) Net unrealized appreciation (depreciation) on investments, net of tax 1 0.25 (0.49) Realized loss on extinguishment of debt 1 (0.01) — Total increase from investment operations 1.77 0.53 Accretive effect of share issuances and repurchases 0.56 0.43 Dividends to shareholders (1.84) (1.70) Issuance of restricted stock 2 (0.13) (0.14) Common stock withheld for payroll taxes upon vesting of restricted stock (0.05) (0.01) Share based compensation expense 0.08 0.10 Other 3 0.01 0.18 Increase (decrease) in net asset value 0.40 (0.61) Net asset value Beginning of period 16.37 16.86 End of period $ 16.77 $ 16.25 Ratios and Supplemental Data Ratio of operating expenses to average net assets 4 10.19 % 10.08 % Ratio of net investment income to average net assets 4 16.25 % 13.03 % Portfolio turnover 12.23 % 11.04 % Total investment return 5 44.44 % (20.95) % Total return based on change in NAV 6 13.68 % 6.47 % Per share market value at the end of the period $ 23.70 $ 17.10 Weighted-average basic and diluted shares outstanding 39,611 28,304 Common shares outstanding at end of period 42,981 34,559 1 Based on weighted average of common shares outstanding for the period. 2 Reflects impact of the different share amounts as a result of issuance or forfeiture of restricted stock during the period. 3 Includes the impact of the different share amounts as a result of calculating certain per share data based on the weighted-average basic shares outstanding during the period and certain per share data based on the shares outstanding as of a period end. The balance increases with the increase in variability of shares outstanding throughout the year due to share issuance and repurchase activity. 4 The ratios reflect an annualized amount. 5 Total investment return based on purchase of stock at the current market price on the first day and a sale at the current market price on the last day of each period reported on the table and assumes reinvestment of dividends at prices obtained by CSWC’s dividend reinvestment plan during the period. As such, the total investment return is not annualized. The return does not reflect any sales load that may be paid by an investor. 6 Total return based on change in NAV was calculated using the sum of ending NAV plus dividends to shareholders and other non-operating changes during the period, as divided by the beginning NAV, and has not been annualized |
Schedule of Investments in an_2
Schedule of Investments in and Advances to Affiliates (Tables) | 9 Months Ended |
Dec. 31, 2023 | |
Investments in and Advances to Affiliates [Abstract] | |
Schedule of Investments in and Advances to Affiliates | SCHEDULE 12-14 Schedule of Investments in and Advances to Affiliates (In thousands) Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Control Investments I-45 SLF LLC 80% LLC equity interest $ — $ 6,439 $ 51,256 $ — $ — $ — $ 2,944 $ 54,200 Total Control Investments $ — $ 6,439 $ 51,256 $ — $ — $ — $ 2,944 $ 54,200 Affiliate Investments Air Conditioning Specialists, Inc. Revolving Loan $ 825 $ 70 $ 800 $ 605 $ (575) $ 15 $ (20) $ 825 First Lien 24,469 2,210 27,438 11,066 (13,935) 175 (275) 24,469 1,006,045.85 Preferred Units — — 1,202 534 — — 1,013 2,749 ArborWorks, LLC Revolving Loan 806 14 — 806 — — — 806 First Lien 3,030 56 — 3,030 — — — 3,030 100 Class A Units — — — — — — 5 5 13,898.32 Class A-1 Preferred Units — — — 3,170 — — — 3,170 13,898.32 Class B-1 Preferred Units — — — — — — — — 1,666.67 Class A-1 Common Units — — — — — — — — Catbird NYC, LLC Revolving Loan — 69 — 1,512 (1,500) — (12) — First Lien 15,200 1,487 15,500 46 (300) — (46) 15,200 1,000,000 Class A Units — 6 1,658 — — — — 1,658 500,000 Class B Units — 1 714 — — — — 714 Central Medical Supply LLC Revolving Loan 300 44 296 4 — — — 300 First Lien 7,526 889 7,402 51 — — 73 7,526 Delayed Draw Term Loan 100 21 99 5 — — (4) 100 2,620,670 Preferred Units — — 357 248 — — 755 1,360 Chandler Signs, LLC 1,500,000 units of Class A-1 common stock — 60 3,215 — (3,402) 1,902 (1,715) — Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Delphi Intermediate Healthco LLC First Lien — — — — — (1,649) 1,649 — First Lien — — — — — (1,829) 1,829 — Protective Advance — — — — — (1,448) 1,448 — 1,681.04 Common Units — — — — — (3,615) 3,615 — Dynamic Communities, LLC First Lien - Term Loan A 4,141 297 3,823 297 — — 20 4,140 First Lien - Term Loan B 4,226 359 3,843 359 — — 24 4,226 250,000 Class A Preferred units — — 625 — — — (308) 317 5,435,211.03 Class B Preferred units — — 2,218 — — — (2,218) — 255,984.22 Class C Preferred units — — — — — — — — 2,500,000 Common units — — — — — — — — GPT Industries, LLC Revolving Loan — 20 — 9 — — (9) — First lien 6,039 658 6,030 15 (111) — 105 6,039 1,000,000 Class A Preferred Units — — 1,000 — — — 469 1,469 GrammaTech, Inc. Revolving Loan — 7 — 7 — — (7) — First Lien 2,000 736 10,031 19 (8,031) 39 (58) 2,000 1,000 Class A units — — — — — — — — 360.06 Class A-1 units — — 372 — — — (372) — ITA Holdings Group, LLC Revolving Loan — 282 7,014 (30) (7,005) — 21 — First Lien - Term Loan — 282 10,114 6 (10,145) — 25 — First Lien - Term Loan B — 189 5,068 17 (5,073) — (12) — First Lien - PIK Note A — 88 3,255 168 (3,427) — 4 — First Lien - PIK Note B — 3 128 6 (134) — — — First Lien - Term Loan 12,966 1,278 — 11,013 — — 1,953 12,966 First Lien - Term Loan B 12,966 1,409 — 11,005 — — 1,961 12,966 Delayed Draw Term Loan - A 1,058 46 — 1,034 — — 24 1,058 Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Delayed Draw Term Loan - B 1,058 52 — 1,034 — — 24 1,058 Warrants — — 4,046 — — — (41) 4,005 Warrants — — — 3,791 — — 78 3,869 9.25% Class A membership interest — 120 4,348 — — — (1,974) 2,374 Lighting Retrofit International, LLC (DBA Envocore) Revolving Loan — 8 — — — — — — First Lien 5,104 294 5,143 — (39) — (138) 4,966 Second Lien 5,208 — 3,594 — — — 1,323 4,917 208,333.3333 Series A Preferred units — — — — — — — — 203,124.9999 Common units — — — — — — — — Outerbox, LLC Revolving Loan — 8 — 5 — — (5) — First Lien 14,625 1,392 14,552 30 — — (59) 14,523 6,308.2584 Class A common units — — 773 — — — (192) 581 Pool Service Partners, Inc. Revolving Loan — — — (20) — — 20 — First Lien 5,000 20 — 4,900 — — — 4,900 Delayed Draw Term Loan — 1 — (83) — — 83 — 10,000 Common units — — — 1,000 — — — 1,000 Roseland Management, LLC Revolving Loan 300 51 555 9 (275) — 11 300 First Lien 14,942 1,410 14,524 19 (109) — 508 14,942 3,364 Class A-2 Units — — 694 — — — 93 787 1,100 Class A-1 units — — 161 — — — 30 191 16,084 Class A units — — 422 — — — 445 867 Sonobi, Inc. 500,000 Class A Common units — — 1,749 — — — 553 2,302 STATinMED, LLC First Lien 7,560 276 7,288 272 — — (1,431) 6,129 Delayed Draw Term Loan — 1 122 2 (124) 1 (1) — 4,718.62 Class A Preferred Units — — 3,767 — — — (3,767) — 39,097.96 Class B Preferred Units — — — — — — — — Portfolio Company Type of Investment (1) December 31, 2023 Principal Amount - Debt Investments Amount of Interest or Dividends Credited in Income (2) Fair Value at March 31, 2023 Gross Additions (3) Gross Reductions (4) Amount of Realized Gain/(Loss) (5) Amount of Unrealized Gain/(Loss) Fair Value at December 31, 2023 Student Resource Center LLC First Lien 9,644 590 8,720 776 — — (1,009) 8,487 10,502,487.46 Preferred units — — 5,845 — — — (3,186) 2,659 2,000,000 Preferred units — — — — — — — — Total Affiliate Investments $ 159,093 $ 14,804 $ 188,505 $ 56,737 $ (54,185) $ (6,409) $ 1,302 $ 185,950 Total Control & Affiliate Investments $ 159,093 $ 21,243 $ 239,761 $ 56,737 $ (54,185) $ (6,409) $ 4,246 $ 240,150 (1) The principal amount and ownership detail as shown in the Consolidated Schedules of Investments. (2) Represents the total amount of interest or dividends credited to income for the portion of the year an investment was included in the Control or Affiliate categories, respectively. (3) Gross additions include increases in the cost basis of investments resulting from new portfolio investments, follow-on investments, accrued PIK interest, and accretion of OID. Gross additions also include movement of an existing portfolio company into this category and out of a different category. (4) Gross reductions include decreases in the cost basis of investments resulting from principal repayments or sales and the exchange of one or more existing securities for one or more new securities. Gross reductions also include movement of an existing portfolio company out of this category and into a different category. (5) The schedule does not reflect realized gains or losses on escrow receivables for investments which were previously exited and were not held during the period presented. Gains and losses on escrow receivables are classified in the Consolidated Statements of Operations according to the control classification at the time the investment was exited. |
ORGANIZATION AND BASIS OF PRE_2
ORGANIZATION AND BASIS OF PRESENTATION (Details) | 9 Months Ended |
Dec. 31, 2023 USD ($) | |
Schedule of Investments [Line Items] | |
Qualifying assets | 85.50% |
Nonqualified assets | 10.40% |
LMM | Minimum | |
Schedule of Investments [Line Items] | |
Target company, annual EBITDA | $ 3,000,000 |
Target investment | 5,000,000 |
LMM | Maximum | |
Schedule of Investments [Line Items] | |
Target company, annual EBITDA | 20,000,000 |
Target investment | 35,000,000 |
UMM | Minimum | |
Schedule of Investments [Line Items] | |
Target company, annual EBITDA | 20,000,000 |
Target investment | 5,000,000 |
UMM | Maximum | |
Schedule of Investments [Line Items] | |
Target investment | $ 20,000,000 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) | 3 Months Ended | 9 Months Ended | 12 Months Ended | |||
Jul. 18, 2021 | Dec. 31, 2023 USD ($) investment | Dec. 31, 2022 USD ($) | Dec. 31, 2023 USD ($) investment | Dec. 31, 2022 USD ($) | Mar. 31, 2023 USD ($) investment | |
Accounting Policies [Abstract] | ||||||
FDIC Insured amount | $ 3,000,000 | $ 3,000,000 | $ 8,900,000 | |||
FDIC uninsured amount | $ 22,400,000 | $ 22,400,000 | $ 20,300,000 | |||
Remaining lease term | 8 years 9 months | 8 years 9 months | ||||
Concentration Risk [Line Items] | ||||||
Non-cash interest income percent | 2.70% | 3.20% | 3% | 3.50% | ||
Number of PIK investments | investment | 3 | 4 | 3 | |||
Non-cash PIK interest income percent | 8.40% | 4.60% | 5.50% | 4.40% | ||
Interest or penalties expense | $ 0 | $ 0 | $ 0 | $ 0 | ||
Restricted Stock | 2010 Plan | ||||||
Concentration Risk [Line Items] | ||||||
Right to grant period | 10 years | |||||
Percentage of Total Portfolio at Fair Value | Credit risk | Investments on non-accrual status | ||||||
Concentration Risk [Line Items] | ||||||
Percent of total investment portfolio's fair value | 2.20% | 0.30% | ||||
Percentage of Total Portfolio at Cost | Credit risk | Investments on non-accrual status | ||||||
Concentration Risk [Line Items] | ||||||
Percent of total investment portfolio's fair value | 2.80% | 1.30% |
INVESTMENTS - Investment Portfo
INVESTMENTS - Investment Portfolio, at Fair Value and Cost (Details) - USD ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Dec. 31, 2023 | Mar. 31, 2023 | |||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 1,365,037 | [1],[2],[3],[4],[5],[6],[7] | $ 1,206,388 | [8],[9],[10] |
Percentage of Net Assets at Fair Value | 189.33% | [1],[2],[3],[4],[5],[6] | 204.30% | |
Cost | $ 1,369,906 | [1],[2],[3],[4],[5],[6],[11],[12] | $ 1,220,152 | [8],[9],[13],[14] |
Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 100% | 100% | ||
First lien loans | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 1,146,355 | $ 1,000,984 | ||
Percentage of Net Assets at Fair Value | 159% | 169.50% | ||
Cost | $ 1,155,923 | $ 1,018,595 | ||
First lien loans | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 84% | 83% | ||
First lien loans | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 84.40% | 83.50% | ||
Second lien loans | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 34,614 | $ 35,820 | ||
Percentage of Net Assets at Fair Value | 4.80% | 6.10% | ||
Cost | $ 41,846 | $ 44,038 | ||
Second lien loans | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.50% | 3% | ||
Second lien loans | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3% | 3.60% | ||
Subordinated debt | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 768 | $ 791 | ||
Percentage of Net Assets at Fair Value | 0.10% | 0.10% | ||
Cost | $ 768 | $ 763 | ||
Subordinated debt | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.10% | 0.10% | ||
Subordinated debt | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.10% | 0.10% | ||
Preferred equity | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 68,644 | $ 63,393 | ||
Percentage of Net Assets at Fair Value | 9.50% | 10.70% | ||
Cost | $ 54,314 | $ 43,634 | ||
Preferred equity | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5% | 5.20% | ||
Preferred equity | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4% | 3.60% | ||
Common equity & warrants | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 60,456 | $ 54,144 | ||
Percentage of Net Assets at Fair Value | 8.40% | 9.20% | ||
Cost | $ 36,255 | $ 32,322 | ||
Common equity & warrants | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4.40% | 4.50% | ||
Common equity & warrants | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.60% | 2.60% | ||
I-45 SLF LLC | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 54,200 | $ 51,256 | ||
Percentage of Net Assets at Fair Value | 7.50% | 8.70% | ||
Cost | $ 80,800 | $ 80,800 | ||
I-45 SLF LLC | Percentage of Total Portfolio at Fair Value | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4% | 4.20% | ||
I-45 SLF LLC | Percentage of Total Portfolio at Cost | Investment Type | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5.90% | 6.60% | ||
Northeast | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 355,661 | $ 269,569 | ||
Percentage of Net Assets at Fair Value | 49.30% | 45.70% | ||
Cost | $ 336,213 | $ 255,995 | ||
Northeast | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 26.10% | 22.30% | ||
Northeast | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 24.50% | 21% | ||
Southeast | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 209,207 | $ 235,782 | ||
Percentage of Net Assets at Fair Value | 29% | 39.90% | ||
Cost | $ 210,688 | $ 236,333 | ||
Southeast | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 15.30% | 19.50% | ||
Southeast | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 15.40% | 19.40% | ||
Southwest | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 231,386 | $ 234,127 | ||
Percentage of Net Assets at Fair Value | 32.10% | 39.60% | ||
Cost | $ 236,949 | $ 231,467 | ||
Southwest | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 16.90% | 19.40% | ||
Southwest | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 17.30% | 19% | ||
West | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 296,438 | $ 233,079 | ||
Percentage of Net Assets at Fair Value | 41.10% | 39.50% | ||
Cost | $ 288,503 | $ 232,109 | ||
West | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 21.70% | 19.30% | ||
West | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 21.10% | 19% | ||
Midwest | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 172,267 | $ 156,233 | ||
Percentage of Net Assets at Fair Value | 23.90% | 26.40% | ||
Cost | $ 173,508 | $ 158,989 | ||
Midwest | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 12.60% | 13.10% | ||
Midwest | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 12.70% | 13% | ||
I-45 SLF LLC | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 54,200 | $ 51,256 | ||
Percentage of Net Assets at Fair Value | 7.50% | 8.70% | ||
Cost | $ 80,800 | $ 80,800 | ||
I-45 SLF LLC | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4% | 4.20% | ||
I-45 SLF LLC | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5.90% | 6.60% | ||
International | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 45,878 | $ 26,342 | ||
Percentage of Net Assets at Fair Value | 6.40% | 4.50% | ||
Cost | $ 43,245 | $ 24,459 | ||
International | Percentage of Total Portfolio at Fair Value | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.40% | 2.20% | ||
International | Percentage of Total Portfolio at Cost | Geographic | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.10% | 2% | ||
Healthcare Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 201,462 | $ 126,971 | ||
Percentage of Net Assets at Fair Value | 27.90% | 21.50% | ||
Cost | $ 211,005 | $ 143,455 | ||
Healthcare Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 14.80% | 10.50% | ||
Healthcare Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 15.40% | 11.80% | ||
Business Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 148,002 | $ 146,727 | ||
Percentage of Net Assets at Fair Value | 20.50% | 24.90% | ||
Cost | $ 155,291 | $ 147,056 | ||
Business Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 10.80% | 12.20% | ||
Business Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 11.30% | 12.10% | ||
Media & Marketing | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 172,578 | $ 149,357 | ||
Percentage of Net Assets at Fair Value | 23.90% | 25.30% | ||
Cost | $ 168,006 | $ 139,750 | ||
Media & Marketing | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 12.60% | 12.40% | ||
Media & Marketing | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 12.30% | 11.50% | ||
Consumer Products and Retail | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 85,638 | $ 86,385 | ||
Percentage of Net Assets at Fair Value | 11.90% | 14.60% | ||
Cost | $ 83,561 | $ 86,607 | ||
Consumer Products and Retail | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 6.30% | 7.20% | ||
Consumer Products and Retail | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 6.10% | 7.10% | ||
Consumer Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 100,527 | $ 91,913 | ||
Percentage of Net Assets at Fair Value | 13.90% | 15.60% | ||
Cost | $ 99,903 | $ 91,142 | ||
Consumer Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 7.40% | 7.60% | ||
Consumer Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 7.30% | 7.50% | ||
Healthcare Products | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 80,257 | $ 66,355 | ||
Percentage of Net Assets at Fair Value | 11.20% | 11.20% | ||
Cost | $ 78,335 | $ 67,555 | ||
Healthcare Products | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5.90% | 5.50% | ||
Healthcare Products | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5.70% | 5.50% | ||
Food, Agriculture & Beverage | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 89,397 | $ 68,833 | ||
Percentage of Net Assets at Fair Value | 12.40% | 11.70% | ||
Cost | $ 97,909 | $ 73,223 | ||
Food, Agriculture & Beverage | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 6.50% | 5.70% | ||
Food, Agriculture & Beverage | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 7.10% | 6% | ||
I-45 SLF LLC | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 54,200 | $ 51,256 | ||
Percentage of Net Assets at Fair Value | 7.50% | 8.70% | ||
Cost | $ 80,800 | $ 80,800 | ||
I-45 SLF LLC | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4% | 4.20% | ||
I-45 SLF LLC | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 5.90% | 6.60% | ||
Financial Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 57,827 | $ 40,420 | ||
Percentage of Net Assets at Fair Value | 8% | 6.80% | ||
Cost | $ 42,913 | $ 30,950 | ||
Financial Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4.20% | 3.30% | ||
Financial Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.10% | 2.50% | ||
Technology Products & Components | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 15,812 | $ 59,718 | ||
Percentage of Net Assets at Fair Value | 2.20% | 10.10% | ||
Cost | $ 9,838 | $ 43,016 | ||
Technology Products & Components | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.20% | 5% | ||
Technology Products & Components | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.70% | 3.50% | ||
Transportation & Logistics | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 54,361 | $ 48,494 | ||
Percentage of Net Assets at Fair Value | 7.50% | 8.20% | ||
Cost | $ 46,502 | $ 42,049 | ||
Transportation & Logistics | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 4% | 4% | ||
Transportation & Logistics | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.40% | 3.40% | ||
Industrial Products | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 52,545 | $ 32,518 | ||
Percentage of Net Assets at Fair Value | 7.30% | 5.50% | ||
Cost | $ 39,484 | $ 25,827 | ||
Industrial Products | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.90% | 2.70% | ||
Industrial Products | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.90% | 2.10% | ||
Software & IT Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 33,211 | $ 47,641 | ||
Percentage of Net Assets at Fair Value | 4.60% | 8.10% | ||
Cost | $ 32,186 | $ 47,563 | ||
Software & IT Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.40% | 3.90% | ||
Software & IT Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.30% | 3.90% | ||
Environmental Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 44,165 | $ 29,753 | ||
Percentage of Net Assets at Fair Value | 6.10% | 5% | ||
Cost | $ 43,153 | $ 34,869 | ||
Environmental Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.30% | 2.50% | ||
Environmental Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 3.20% | 2.90% | ||
Education | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 22,466 | $ 26,357 | ||
Percentage of Net Assets at Fair Value | 3.10% | 4.50% | ||
Cost | $ 25,539 | $ 25,995 | ||
Education | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.60% | 2.20% | ||
Education | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.90% | 2.10% | ||
Industrial Services | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 29,924 | $ 25,460 | ||
Percentage of Net Assets at Fair Value | 4.20% | 4.30% | ||
Cost | $ 29,438 | $ 24,920 | ||
Industrial Services | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.20% | 2.10% | ||
Industrial Services | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 2.10% | 2% | ||
Energy Services (Midstream) | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 15,313 | $ 22,829 | ||
Percentage of Net Assets at Fair Value | 2.10% | 3.90% | ||
Cost | $ 15,223 | $ 23,337 | ||
Energy Services (Midstream) | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | 1.90% | ||
Energy Services (Midstream) | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | 1.90% | ||
Aerospace & Defense | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 22,500 | $ 6,000 | ||
Percentage of Net Assets at Fair Value | 3.10% | 1% | ||
Cost | $ 21,792 | $ 5,898 | ||
Aerospace & Defense | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.60% | 0.50% | ||
Aerospace & Defense | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.60% | 0.50% | ||
Restaurants | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 15,680 | |||
Percentage of Net Assets at Fair Value | 2.20% | |||
Cost | $ 15,664 | |||
Restaurants | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | |||
Restaurants | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | |||
Telecommunications | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 15,818 | $ 17,386 | ||
Percentage of Net Assets at Fair Value | 2.20% | 2.90% | ||
Cost | $ 16,619 | $ 21,796 | ||
Telecommunications | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.20% | 1.40% | ||
Telecommunications | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.30% | 1.90% | ||
Distribution | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 16,490 | $ 16,315 | ||
Percentage of Net Assets at Fair Value | 2.30% | 2.80% | ||
Cost | $ 18,611 | $ 18,755 | ||
Distribution | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.20% | 1.40% | ||
Distribution | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.40% | 1.50% | ||
Specialty Chemicals | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 15,102 | $ 17,839 | ||
Percentage of Net Assets at Fair Value | 2.10% | 3% | ||
Cost | $ 15,100 | $ 17,531 | ||
Specialty Chemicals | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | 1.50% | ||
Specialty Chemicals | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 1.10% | 1.40% | ||
Energy Services (Upstream) | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 12,586 | $ 17,730 | ||
Percentage of Net Assets at Fair Value | 1.80% | 3% | ||
Cost | $ 12,384 | $ 17,402 | ||
Energy Services (Upstream) | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.90% | 1.50% | ||
Energy Services (Upstream) | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.90% | 1.40% | ||
Containers & Packaging | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 9,176 | $ 10,131 | ||
Percentage of Net Assets at Fair Value | 1.30% | 1.70% | ||
Cost | $ 10,650 | $ 10,656 | ||
Containers & Packaging | Percentage of Total Portfolio at Fair Value | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.70% | 0.80% | ||
Containers & Packaging | Percentage of Total Portfolio at Cost | Industry | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Percentage of Total Portfolio | 0.80% | 0.90% | ||
First lien last out loans | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 34,700 | $ 50,100 | ||
Split lien term loans included in first lien loans | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | 43,800 | 45,000 | ||
Split lien term loans included in second lien loans | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | 20,500 | 20,200 | ||
Unsecured convertible Note | ||||
Fair Value Measurement Inputs and Valuation Techniques [Line Items] | ||||
Fair Value | $ 400 | $ 400 | ||
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. As of December 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $86.8 million; cumulative gross unrealized depreciation for federal income tax purposes was $72.0 million. Cumulative net unrealized appreciation was $14.8 million, based on a tax cost of $1,350.2 million. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. As of March 31, 2023, the cumulative gross unrealized appreciation for U.S. federal income tax purposes was approximately $72.3 million; cumulative gross unrealized depreciation for federal income tax purposes was $76.8 million. Cumulative net unrealized depreciation was $4.5 million, based on a tax cost of $1,210.8 million. Negative cost in this column represents the original issue discount of certain undrawn revolvers and delayed draw term loans. |
FAIR VALUE MEASUREMENTS - Narra
FAIR VALUE MEASUREMENTS - Narrative (Details) | Dec. 31, 2023 | Mar. 31, 2023 |
Privately held debt and equity instruments | ||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||
Percent of investment assets | 100% | 100% |
FAIR VALUE MEASUREMENTS - Sched
FAIR VALUE MEASUREMENTS - Schedule Investment Portfolio by Level (Details) - USD ($) $ in Thousands | 9 Months Ended | |||
Dec. 31, 2023 | Mar. 31, 2023 | |||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | $ 1,365,037 | [1],[2],[3],[4],[5],[6],[7] | $ 1,206,388 | [8],[9],[10] |
Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 1,310,837 | |||
Total Investments | 1,155,132 | |||
Recurring | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Total Investments | 1,365,037 | 1,206,388 | ||
Recurring | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Total Investments | 0 | 0 | ||
Recurring | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Total Investments | 0 | 0 | ||
Recurring | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Total Investments | 1,310,837 | 1,155,132 | ||
Recurring | Net Asset Value | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investments measured at net asset value | $ 54,200 | 51,256 | ||
Prior notice period to sell or transfer membership interest | 60 days | |||
Recurring | First lien loans | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | $ 1,146,355 | 1,000,984 | ||
Recurring | First lien loans | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | First lien loans | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | First lien loans | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 1,146,355 | 1,000,984 | ||
Recurring | Second lien loans | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 34,614 | 35,820 | ||
Recurring | Second lien loans | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Second lien loans | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Second lien loans | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 34,614 | 35,820 | ||
Recurring | Subordinated debt | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 768 | 791 | ||
Recurring | Subordinated debt | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Subordinated debt | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Subordinated debt | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 768 | 791 | ||
Recurring | Preferred equity | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 68,644 | 63,393 | ||
Recurring | Preferred equity | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Preferred equity | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Preferred equity | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 68,644 | 63,393 | ||
Recurring | Common equity & warrants | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 60,456 | 54,144 | ||
Recurring | Common equity & warrants | Quoted Prices in Active Markets for Identical Assets (Level 1) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Common equity & warrants | Significant Other Observable Inputs (Level 2) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | 0 | 0 | ||
Recurring | Common equity & warrants | Significant Unobservable Inputs (Level 3) | ||||
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items] | ||||
Investment owned, fair value | $ 60,456 | $ 54,144 | ||
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. |
FAIR VALUE MEASUREMENTS - Measu
FAIR VALUE MEASUREMENTS - Measurement Inputs and Valuation Techniques (Details) $ in Thousands | Dec. 31, 2023 USD ($) | Mar. 31, 2023 USD ($) | ||
Fair Value | ||||
Investments at fair value | $ 1,365,037 | [1],[2],[3],[4],[5],[6],[7] | $ 1,206,388 | [8],[9],[10] |
Significant Unobservable Inputs (Level 3) | ||||
Fair Value | ||||
Investments at fair value | 1,310,837 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | ||||
Fair Value | ||||
Investments at fair value | $ 1,096,012 | $ 953,918 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.064 | 0.069 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Minimum | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 98.9 | 5.1 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.536 | 0.262 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Maximum | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 98.9 | 96.5 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.138 | 0.130 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Income Approach | Weighted Average | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 98.9 | 93.9 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Market Approach | ||||
Fair Value | ||||
Investments at fair value | $ 50,343 | $ 41,923 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Market Approach | Minimum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 97.5 | 94.1 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Market Approach | Maximum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 98.1 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Market Approach | Weighted Average | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 98.1 | 97.9 | ||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | ||||
Fair Value | ||||
Investments at fair value | $ 5,143 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Minimum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Maximum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | First lien loans | Enterprise Value Waterfall Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | ||||
Fair Value | ||||
Investments at fair value | $ 34,614 | $ 32,226 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.129 | 0.183 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Minimum | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 35 | 61.3 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.204 | 0.343 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Maximum | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 35 | 61.3 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.167 | 0.251 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Income Approach | Weighted Average | Third Party Broker Quote | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 35 | 61.3 | ||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | ||||
Fair Value | ||||
Investments at fair value | $ 3,594 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Minimum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Maximum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.272 | |||
Significant Unobservable Inputs (Level 3) | Second lien loans | Enterprise Value Waterfall Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.4 | |||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Market Approach | ||||
Fair Value | ||||
Investments at fair value | $ 210 | $ 205 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Market Approach | Minimum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 100 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Market Approach | Maximum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 100 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Market Approach | Weighted Average | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 1 | 100 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | ||||
Fair Value | ||||
Investments at fair value | $ 558 | $ 586 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.133 | 0.202 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Minimum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 5.9 | 6 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.251 | 0.250 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Maximum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 8 | 7.7 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.170 | 0.218 | ||
Significant Unobservable Inputs (Level 3) | Subordinated debt | Enterprise Value Waterfall Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 6.6 | 6.6 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Market Approach | ||||
Fair Value | ||||
Investments at fair value | $ 2,833 | $ 3,875 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Market Approach | Minimum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 100 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Market Approach | Maximum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 100 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Market Approach | Weighted Average | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | 100 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | ||||
Fair Value | ||||
Investments at fair value | $ 65,811 | $ 59,518 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.087 | 0.117 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Minimum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 4.1 | 4.7 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.291 | 0.308 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Maximum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 16.8 | 16.7 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.171 | 0.171 | ||
Significant Unobservable Inputs (Level 3) | Preferred equity | Enterprise Value Waterfall Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9.6 | 9.8 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | ||||
Fair Value | ||||
Investments at fair value | $ 1,167 | $ 1,080 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Minimum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Minimum | Exit Value | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Maximum | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Maximum | Exit Value | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Weighted Average | Cost | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Market Approach | Weighted Average | Exit Value | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 100 | |||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | ||||
Fair Value | ||||
Investments at fair value | $ 59,289 | $ 53,064 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Minimum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.087 | 0.114 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Minimum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 4.1 | 5.5 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Maximum | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.266 | 0.366 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Maximum | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 16.5 | 18.6 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Weighted Average | Discount Rate | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 0.165 | 0.182 | ||
Significant Unobservable Inputs (Level 3) | Common equity & warrants | Enterprise Value Waterfall Approach | Weighted Average | EBITDA Multiple | ||||
Fair Value Measurement Input | ||||
Significant Level 3 Inputs | 9 | 9.5 | ||
[1] All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. |
FAIR VALUE MEASUREMENTS - Sch_2
FAIR VALUE MEASUREMENTS - Schedule of Changes in Fair Value of Investments Measured Using Level 3 Inputs (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items] | ||
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration] | Gain (Loss), Investment and Derivative, Operating, after Tax | |
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), Statement of Income or Comprehensive Income Extensible List Not Disclosed Flag | YTD Unrealized Appreciation (Depreciation) on Investments held at period end | |
First lien loans | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | $ 1,000,984 | $ 739,872 |
Realized & Unrealized Gains (Losses) | (9,874) | (14,263) |
Purchases of Investments | 307,934 | 335,069 |
Repayments | (139,778) | (96,475) |
PIK Interest Capitalized | 7,925 | 3,512 |
Divestitures | (13,875) | 0 |
Conversion/Exchange of Security | (6,961) | (13,715) |
Fair value. ending balance | 1,146,355 | 954,000 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | (4,920) | (10,201) |
Second lien loans | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | 35,820 | 52,645 |
Realized & Unrealized Gains (Losses) | 989 | (7,512) |
Purchases of Investments | 187 | 2,930 |
Repayments | (2,596) | (12,239) |
PIK Interest Capitalized | 214 | 314 |
Divestitures | 0 | (692) |
Conversion/Exchange of Security | 0 | 0 |
Fair value. ending balance | 34,614 | 35,446 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | 987 | (6,307) |
Subordinated debt | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | 791 | 1,317 |
Realized & Unrealized Gains (Losses) | (28) | (328) |
Purchases of Investments | 0 | 385 |
Repayments | (20) | 0 |
PIK Interest Capitalized | 25 | 65 |
Divestitures | 0 | 0 |
Conversion/Exchange of Security | 0 | (587) |
Fair value. ending balance | 768 | 852 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | (28) | (224) |
Preferred equity | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | 63,393 | 44,663 |
Realized & Unrealized Gains (Losses) | (5,532) | (1,253) |
Purchases of Investments | 7,886 | 3,571 |
Repayments | 0 | 0 |
PIK Interest Capitalized | 0 | 0 |
Divestitures | (273) | 0 |
Conversion/Exchange of Security | 3,170 | 14,302 |
Fair value. ending balance | 68,644 | 61,283 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | (5,430) | 1,840 |
Common equity & warrants | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | 54,144 | 40,514 |
Realized & Unrealized Gains (Losses) | 622 | 8,670 |
Purchases of Investments | 5,757 | 4,320 |
Repayments | 0 | 0 |
PIK Interest Capitalized | 0 | 0 |
Divestitures | (3,858) | (2,664) |
Conversion/Exchange of Security | 3,791 | 0 |
Fair value. ending balance | 60,456 | 50,840 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | 390 | 9,853 |
Total Investments | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Fair value, beginning balance | 1,155,132 | 879,011 |
Realized & Unrealized Gains (Losses) | (13,823) | (14,686) |
Purchases of Investments | 321,764 | 346,275 |
Repayments | (142,394) | (108,714) |
PIK Interest Capitalized | 8,164 | 3,891 |
Divestitures | (18,006) | (3,356) |
Conversion/Exchange of Security | 0 | 0 |
Fair value. ending balance | 1,310,837 | 1,102,421 |
YTD Unrealized Appreciation (Depreciation) on Investments held at period end | (9,001) | $ (5,039) |
Cost basis allocated from first lien debt to warrants | ||
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Conversion/Exchange of Security | $ 3,800 |
BORROWINGS - Narrative (Details
BORROWINGS - Narrative (Details) | 1 Months Ended | 3 Months Ended | 7 Months Ended | 9 Months Ended | |||||||||||||||||
Aug. 02, 2023 USD ($) | Apr. 20, 2021 USD ($) | Aug. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 USD ($) | Dec. 20, 2023 USD ($) | Dec. 07, 2023 USD ($) lender | Dec. 06, 2023 USD ($) | Aug. 01, 2023 USD ($) | Jun. 30, 2023 USD ($) | Mar. 31, 2023 USD ($) | Nov. 22, 2022 USD ($) | Jan. 28, 2022 USD ($) | Nov. 30, 2021 USD ($) | May 25, 2021 USD ($) | Feb. 28, 2021 USD ($) | Apr. 25, 2019 | |
Debt Instrument [Line Items] | |||||||||||||||||||||
Asset coverage ratio | 166% | ||||||||||||||||||||
Current asset coverage ratio | 253% | 253% | 253% | ||||||||||||||||||
Recorded value | $ 677,835,000 | $ 677,835,000 | $ 677,835,000 | $ 637,644,000 | |||||||||||||||||
Outstanding balance | 686,875,000 | 686,875,000 | 686,875,000 | 645,000,000 | |||||||||||||||||
Notes | January 2026 Notes | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Recorded value | 139,304,000 | 139,304,000 | 139,304,000 | 139,051,000 | |||||||||||||||||
Aggregate principal amount | $ 75,000,000 | $ 65,000,000 | |||||||||||||||||||
Fixed interest rate | 4.50% | ||||||||||||||||||||
Issuance price percent received | 102.11% | ||||||||||||||||||||
Yield-to-maturity | 4% | ||||||||||||||||||||
Outstanding balance | $ 140,000,000 | $ 140,000,000 | $ 140,000,000 | 140,000,000 | |||||||||||||||||
Weighted average interest rate | 4.46% | 4.46% | 4.46% | ||||||||||||||||||
Interest expense | $ 1,700,000 | $ 5,000,000 | $ 1,700,000 | $ 5,000,000 | |||||||||||||||||
Average borrowings | 140,000,000 | 140,000,000 | 140,000,000 | 140,000,000 | |||||||||||||||||
Redemption price, percentage | 100% | ||||||||||||||||||||
Notes | January 2026 Notes | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Fair value | 121,200,000 | $ 121,200,000 | 121,200,000 | ||||||||||||||||||
Notes | October 2026 Notes | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Recorded value | $ 147,884,000 | $ 147,884,000 | $ 147,884,000 | 147,263,000 | |||||||||||||||||
Aggregate principal amount | $ 100,000,000 | $ 50,000,000 | |||||||||||||||||||
Fixed interest rate | 3.375% | 3.375% | |||||||||||||||||||
Issuance price percent received | 99.418% | 99.993% | |||||||||||||||||||
Yield-to-maturity | 3.50% | 3.50% | 3.50% | 3.50% | 3.375% | ||||||||||||||||
Outstanding balance | $ 150,000,000 | $ 150,000,000 | $ 150,000,000 | 150,000,000 | |||||||||||||||||
Interest expense | 1,500,000 | 1,400,000 | 4,400,000 | 4,300,000 | |||||||||||||||||
Average borrowings | 150,000,000 | $ 150,000,000 | 150,000,000 | $ 150,000,000 | |||||||||||||||||
Redemption price, percentage | 100% | ||||||||||||||||||||
Notes | October 2026 Notes | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Fair value | 130,500,000 | 130,500,000 | 130,500,000 | ||||||||||||||||||
Notes | August 2028 Notes | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Recorded value | 69,566,000 | 69,566,000 | 69,566,000 | ||||||||||||||||||
Aggregate principal amount | 71,900,000 | 71,900,000 | 71,900,000 | $ 71,900,000 | |||||||||||||||||
Fixed interest rate | 7.75% | ||||||||||||||||||||
Outstanding balance | $ 71,875,000 | $ 71,875,000 | $ 71,875,000 | ||||||||||||||||||
Weighted average interest rate | 7.75% | 7.75% | 7.75% | ||||||||||||||||||
Interest expense | $ 1,500,000 | $ 3,300,000 | |||||||||||||||||||
Average borrowings | $ 71,900,000 | ||||||||||||||||||||
Notes | August 2028 Notes | Quoted Prices in Active Markets for Identical Assets (Level 1) | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Fair value | 73,300,000 | 73,300,000 | 73,300,000 | ||||||||||||||||||
Notes | August 2028 Notes Overallotment | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Aggregate principal amount | $ 9,400,000 | ||||||||||||||||||||
Unsecured Debt | SBA Debentures | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Recorded value | $ 126,081,000 | 126,081,000 | $ 126,081,000 | 116,330,000 | |||||||||||||||||
Weighted-average interest rate | 4.24% | 3.70% | 4.13% | 2.98% | |||||||||||||||||
Outstanding balance | $ 130,000,000 | 130,000,000 | $ 130,000,000 | $ 120,000,000 | |||||||||||||||||
Interest expense | 1,500,000 | $ 900,000 | 4,400,000 | $ 1,900,000 | |||||||||||||||||
Average borrowings | 130,000,000 | 83,900,000 | 127,300,000 | 54,100,000 | |||||||||||||||||
Unsecured Debt | SBA Debentures | SBIC I | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Maturity | 10 years | ||||||||||||||||||||
Regulatory maximum borrowing capacity | $ 175,000,000 | ||||||||||||||||||||
Regulatory capital | $ 87,500,000 | 87,500,000 | 87,500,000 | 87,500,000 | |||||||||||||||||
Leverage commitment amount | 175,000,000 | 175,000,000 | 175,000,000 | $ 45,000,000 | $ 50,000,000 | $ 40,000,000 | $ 40,000,000 | ||||||||||||||
Available leverage commitment | 87,500,000 | 87,500,000 | 87,500,000 | ||||||||||||||||||
Unused commitments | 45,000,000 | 45,000,000 | 45,000,000 | ||||||||||||||||||
Unsecured Debt | SBA Debentures | Significant Unobservable Inputs (Level 3) | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Fair value | 122,800,000 | 122,800,000 | 122,800,000 | ||||||||||||||||||
Credit Facility | Line of Credit | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Maximum borrowing capacity | $ 435,000,000 | $ 460,000,000 | $ 435,000,000 | $ 400,000,000 | |||||||||||||||||
Accordion feature increase limit | $ 750,000,000 | $ 25,000,000 | |||||||||||||||||||
Number of lenders | lender | 10 | ||||||||||||||||||||
Minimum senior coverage ratio | 2 | ||||||||||||||||||||
Maximum asset coverage ratio | 1.50 | ||||||||||||||||||||
Interest coverage ratio | 2 | ||||||||||||||||||||
Recorded value | 195,000,000 | 195,000,000 | 195,000,000 | ||||||||||||||||||
Amortization of deferred loan costs | $ 5,200,000 | $ 3,900,000 | $ 14,500,000 | $ 8,800,000 | |||||||||||||||||
Weighted-average interest rate | 7.88% | 6.02% | 7.61% | 4.63% | |||||||||||||||||
Average outstanding amount | $ 224,700,000 | $ 228,000,000 | $ 162,900,000 | $ 208,600,000 | |||||||||||||||||
Outstanding balance | $ 195,000,000 | $ 195,000,000 | $ 195,000,000 | ||||||||||||||||||
Credit Facility | Line of Credit | Minimum | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Commitment fee percentage | 0.50% | ||||||||||||||||||||
Credit Facility | Line of Credit | Maximum | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Commitment fee percentage | 1% | ||||||||||||||||||||
Credit Facility | Line of Credit | SOFR | |||||||||||||||||||||
Debt Instrument [Line Items] | |||||||||||||||||||||
Basis spread on variable rate | 2.15% |
BORROWINGS - Schedule of Borrow
BORROWINGS - Schedule of Borrowings Outstanding (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 |
Debt Instrument [Line Items] | ||
Outstanding Balance | $ 686,875 | $ 645,000 |
Unamortized Debt Issuance Costs and Debt Discount/Premium | (9,040) | (7,356) |
Recorded Value | 677,835 | 637,644 |
Line of Credit | Credit Facility | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 195,000 | |
Unamortized Debt Issuance Costs and Debt Discount/Premium | 0 | |
Recorded Value | 195,000 | |
SBA Debentures | ||
Debt Instrument [Line Items] | ||
Unamortized Debt Issuance Costs and Debt Discount/Premium | (3,919) | (3,670) |
SBA Debentures | Unsecured Debt | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 130,000 | 120,000 |
Unamortized Debt Issuance Costs and Debt Discount/Premium | (3,919) | (3,670) |
Recorded Value | 126,081 | 116,330 |
Credit Facility | Line of Credit | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 235,000 | |
Unamortized Debt Issuance Costs and Debt Discount/Premium | 0 | |
Recorded Value | 235,000 | |
January 2026 Notes | ||
Debt Instrument [Line Items] | ||
Unamortized Debt Issuance Costs and Debt Discount/Premium | (696) | (949) |
January 2026 Notes | Notes | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 140,000 | 140,000 |
Unamortized Debt Issuance Costs and Debt Discount/Premium | (696) | (949) |
Recorded Value | 139,304 | 139,051 |
October 2026 Notes | ||
Debt Instrument [Line Items] | ||
Unamortized Debt Issuance Costs and Debt Discount/Premium | (2,116) | (2,737) |
October 2026 Notes | Notes | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 150,000 | 150,000 |
Unamortized Debt Issuance Costs and Debt Discount/Premium | (2,116) | (2,737) |
Recorded Value | 147,884 | 147,263 |
August 2028 Notes | ||
Debt Instrument [Line Items] | ||
Unamortized Debt Issuance Costs and Debt Discount/Premium | (2,309) | $ 0 |
August 2028 Notes | Notes | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | 71,875 | |
Unamortized Debt Issuance Costs and Debt Discount/Premium | (2,309) | |
Recorded Value | $ 69,566 |
BORROWINGS - Schedule of Issued
BORROWINGS - Schedule of Issued and Outstanding SBA Debentures (Details) $ in Thousands | Dec. 31, 2023 USD ($) poolingDate | Mar. 31, 2023 USD ($) |
Debt Instrument [Line Items] | ||
Outstanding Balance | $ 686,875 | $ 645,000 |
Unsecured Debt | SBA Debentures | ||
Debt Instrument [Line Items] | ||
Outstanding Balance | $ 130,000 | $ 120,000 |
Number of pooling date | poolingDate | 2 | |
Unsecured Debt | Debentures due September 2031 | ||
Debt Instrument [Line Items] | ||
Fixed Interest Rate | 1.575% | |
Outstanding Balance | $ 15,000 | |
Unsecured Debt | Debentures due March 2032 | ||
Debt Instrument [Line Items] | ||
Fixed Interest Rate | 3.209% | |
Outstanding Balance | $ 25,000 | |
Unsecured Debt | Debentures due September 2032 | ||
Debt Instrument [Line Items] | ||
Fixed Interest Rate | 4.435% | |
Outstanding Balance | $ 40,000 | |
Unsecured Debt | Debentures due March 2033 | ||
Debt Instrument [Line Items] | ||
Fixed Interest Rate | 5.215% | |
Outstanding Balance | $ 40,000 | |
Unsecured Debt | Debentures due September 2032 | ||
Debt Instrument [Line Items] | ||
Fixed Interest Rate | 5.735% | |
Outstanding Balance | $ 10,000 |
INCOME TAXES - Book and Tax Bas
INCOME TAXES - Book and Tax Basis Differences Relating to Dividends and Distributions (Details) - USD ($) $ in Thousands | 9 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Additional capital | ||
Investment Company, Summary Of Dividends And Distributions, Tax Differences [Line Items] | ||
Total distributable earnings | $ (5,277) | $ (5,126) |
Total distributable earnings | ||
Investment Company, Summary Of Dividends And Distributions, Tax Differences [Line Items] | ||
Total distributable earnings | $ 5,277 | $ 5,126 |
INCOME TAXES - Narrative (Detai
INCOME TAXES - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | |||||
Dec. 31, 2023 | Sep. 30, 2023 | Jun. 30, 2023 | Mar. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Contingency [Line Items] | |||||||
Dividends | $ 26,900 | $ 24,800 | $ 22,900 | $ 20,900 | |||
Dividends declared (in usd per share) | $ 0.63 | $ 0.62 | $ 0.59 | $ 0.58 | |||
Undistributed ordinary income - tax basis | $ 22,200 | $ 22,200 | |||||
Cumulative undistributed taxable income (in usd per share) | $ 0.52 | $ 0.52 | |||||
Cost of investments | $ 1,350,200 | $ 1,210,800 | $ 1,350,200 | ||||
Gross unrealized appreciation | 86,800 | 72,300 | 86,800 | ||||
Gross unrealized depreciation | 72,000 | 76,800 | 72,000 | ||||
Net unrealized appreciation (depreciation) | 14,800 | (4,500) | 14,800 | ||||
Deferred tax liability | 10,925 | $ 12,117 | 10,925 | ||||
Income tax provision (benefit) | 907 | $ (746) | 571 | $ (20) | |||
Excise tax | 400 | 200 | 590 | 468 | |||
RIC | |||||||
Income Tax Contingency [Line Items] | |||||||
Cost of investments | 1,305,800 | 1,305,800 | |||||
Gross unrealized appreciation | 18,600 | 18,600 | |||||
Gross unrealized depreciation | 68,000 | 68,000 | |||||
Net unrealized appreciation (depreciation) | (49,400) | (49,400) | |||||
Taxable Subsidiary | |||||||
Income Tax Contingency [Line Items] | |||||||
Cost of investments | 44,400 | 44,400 | |||||
Gross unrealized appreciation | 68,200 | 68,200 | |||||
Gross unrealized depreciation | 4,000 | 4,000 | |||||
Net unrealized appreciation (depreciation) | 64,200 | 64,200 | |||||
Income tax provision (benefit) | $ 500 | $ (900) | $ (100) | $ (500) | |||
Regular Dividends | |||||||
Income Tax Contingency [Line Items] | |||||||
Dividends declared (in usd per share) | $ 0.57 | 0.56 | 0.54 | $ 0.53 | |||
Supplemental Dividends | |||||||
Income Tax Contingency [Line Items] | |||||||
Dividends declared (in usd per share) | $ 0.06 | $ 0.06 | $ 0.05 | $ 0.05 |
INCOME TAXES - Schedule of Dist
INCOME TAXES - Schedule of Distributions (Details) - USD ($) $ in Thousands | 3 Months Ended | |
Jun. 30, 2023 | Jun. 30, 2022 | |
Income Tax Disclosure [Abstract] | ||
Ordinary income | $ 94,139 | $ 60,960 |
Distributions of long term capital gains | 0 | 0 |
Dividends to shareholders | $ 94,139 | $ 60,960 |
INCOME TAXES - Net Assets Resul
INCOME TAXES - Net Assets Resulting From Operations To Estimated RIC Taxable Income (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||||
Net unrealized depreciation on investments | $ 23,484 | $ 2,949 | $ 69,920 | $ 14,917 |
Net unrealized (appreciation) depreciation on investments | (9,906) | 13,989 | ||
(Expense/loss) income/gain recognized for tax on pass-through entities | (4,123) | 10 | ||
(Gain) loss recognized on dispositions | (2,824) | (1,473) | ||
Capital loss carryover | 24,429 | 14,454 | ||
Net operating (income) loss - wholly-owned subsidiary | (4,931) | 1,071 | ||
Dividend income from wholly-owned subsidiary | 0 | 1,068 | ||
Non-deductible tax expense | 640 | 466 | ||
Loss on extinguishment of debt | (2,045) | (2,045) | ||
Non-deductible compensation | 2,772 | 2,443 | ||
Compensation related book/tax differences | (466) | (1,471) | ||
Interest on non-accrual loans | 3,959 | 2,924 | ||
Other book/tax differences | 3,580 | 960 | ||
Estimated distributable income before deductions for distributions | 81,005 | $ 47,313 | ||
Capital loss carryover | $ 58,000 | $ 58,000 |
INCOME TAXES - Deferred Tax Ass
INCOME TAXES - Deferred Tax Assets And Liabilities (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 |
Deferred tax asset: | ||
Net operating loss carryforwards | $ 159 | $ 0 |
Interest | 966 | 219 |
Total deferred tax asset | 1,125 | 219 |
Deferred tax liabilities: | ||
Net unrealized appreciation on investments | (10,402) | (11,413) |
Net basis differences in portfolio investments | (1,648) | (923) |
Total deferred tax liabilities | (12,050) | (12,336) |
Total net deferred tax (liabilities) assets | $ (10,925) | $ (12,117) |
INCOME TAXES - Schedule of Sign
INCOME TAXES - Schedule of Significant Components of Income Tax Provision (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Income Tax Disclosure [Abstract] | ||||
Excise tax | $ 400 | $ 200 | $ 590 | $ 468 |
Tax (benefit) provision related to Taxable Subsidiary | (69) | (488) | ||
Other | 50 | 0 | ||
Total income tax provision (benefit) | $ 571 | $ (20) |
SHAREHOLDERS' EQUITY - Narrativ
SHAREHOLDERS' EQUITY - Narrative (Details) | 3 Months Ended | 9 Months Ended | 58 Months Ended | |||||||||||||||
Apr. 26, 2023 shares | Nov. 17, 2022 USD ($) $ / shares shares | Jul. 18, 2021 | Feb. 04, 2020 USD ($) sales_agent | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2023 USD ($) $ / shares shares | Dec. 31, 2022 USD ($) $ / shares shares | Dec. 31, 2023 USD ($) $ / shares shares | Oct. 11, 2023 shares | Oct. 10, 2023 shares | Mar. 31, 2023 shares | Aug. 02, 2022 USD ($) | Aug. 01, 2022 USD ($) | Aug. 31, 2021 USD ($) | Jul. 28, 2021 USD ($) | May 26, 2021 USD ($) | Mar. 04, 2019 USD ($) | |
Subsidiary or Equity Method Investee [Line Items] | ||||||||||||||||||
Common stock, shares authorized (in shares) | shares | 75,000,000 | 75,000,000 | 75,000,000 | 75,000,000 | 40,000,000 | 40,000,000 | ||||||||||||
Repurchase authorized amount | $ 20,000,000 | $ 20,000,000 | ||||||||||||||||
Cancellation of treasury stock (in shares) | shares | 2,339,512 | |||||||||||||||||
Public Equity Offering | ||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | ||||||||||||||||||
Number of shares sold (in shares) | shares | 2,534,436 | |||||||||||||||||
Par value, common stock (in usd per share) | $ / shares | $ 18.15 | |||||||||||||||||
Gross proceeds received (in thousands) | $ 46,000,000 | |||||||||||||||||
Net proceeds received | $ 44,100,000 | |||||||||||||||||
Equity ATM Program | ||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | ||||||||||||||||||
Number of shares sold (in shares) | shares | 3,036,234 | 3,264,878 | 6,663,692 | 6,909,446 | 23,276,814 | |||||||||||||
Gross proceeds received (in thousands) | $ 66,549,000 | $ 58,324,000 | $ 134,965,000 | $ 131,990,000 | $ 479,600,000 | |||||||||||||
Net proceeds received | $ 65,551,000 | $ 57,449,000 | $ 132,941,000 | $ 130,010,000 | $ 472,000,000 | |||||||||||||
Maximum consideration threshold | $ 100,000,000 | $ 650,000,000 | $ 250,000,000 | $ 250,000,000 | $ 50,000,000 | |||||||||||||
Number of additional sales agents | sales_agent | 2 | |||||||||||||||||
Gross sales commission percentage | 1.50% | 2% | ||||||||||||||||
Weighted average price per share (in usd per share) | $ / shares | $ 21.92 | $ 17.86 | $ 20.25 | $ 19.10 | $ 20.61 | |||||||||||||
Available under the Equity ATM Program | $ 170,400,000 | $ 170,400,000 | $ 170,400,000 | |||||||||||||||
2010 Plan | Restricted Stock | ||||||||||||||||||
Subsidiary or Equity Method Investee [Line Items] | ||||||||||||||||||
Right to grant period | 10 years |
SHAREHOLDERS' EQUITY - Schedule
SHAREHOLDERS' EQUITY - Schedule of Shares Sold (Details) - Equity ATM Program - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | 58 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | |
Subsidiary, Sale of Stock [Line Items] | |||||
Number of shares sold (in shares) | 3,036,234 | 3,264,878 | 6,663,692 | 6,909,446 | 23,276,814 |
Gross proceeds received (in thousands) | $ 66,549 | $ 58,324 | $ 134,965 | $ 131,990 | $ 479,600 |
Net proceeds received (in thousands) | $ 65,551 | $ 57,449 | $ 132,941 | $ 130,010 | $ 472,000 |
Weighted average price per share (in usd per share) | $ 21.92 | $ 17.86 | $ 20.25 | $ 19.10 | $ 20.61 |
Remaining receivable | $ 900 | $ 2,700 | $ 900 | $ 2,700 | $ 900 |
SHAREHOLDERS' EQUITY - Shares R
SHAREHOLDERS' EQUITY - Shares Repurchased In Connection With The Vesting Of Restricted Stock Awards (Details) - Shares repurchased for restricted stock awards vested - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Equity, Class of Treasury Stock [Line Items] | ||||
Cancellation of treasury stock (in shares) | 6,216 | 19,917 | 52,797 | 49,590 |
Cancellation of treasury stock | $ 138 | $ 380 | $ 1,063 | $ 1,021 |
Weighted average price per share (in usd per share) | $ 22.17 | $ 19.09 | $ 20.13 | $ 20.59 |
STOCK BASED COMPENSATION PLAN_2
STOCK BASED COMPENSATION PLANS - Narrative (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Jul. 18, 2021 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Share-based compensation expense | $ 1,188,000 | $ 992,000 | $ 3,387,000 | $ 2,873,000 | |
Restricted Stock | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Weighted-average vesting period | 2 years 7 months 6 days | ||||
Share-based compensation expense | 1,200,000 | 1,000,000 | $ 3,400,000 | 2,900,000 | |
Non-vested restricted stock awards | $ 9,400,000 | $ 9,400,000 | |||
Restricted Stock | 2010 Plan | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Vesting period | 4 years | ||||
Right to grant period | 10 years | ||||
Restricted Stock | 2021 Employee Plan | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Available for issuance (in shares) | 1,200,000 | ||||
Remaining number of shares authorized (in shares) | 722,267 | 722,267 | |||
Restricted Stock | Non-Employee Director Plan | |||||
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items] | |||||
Vesting period | 1 year | ||||
Available for issuance (in shares) | 120,000 | 120,000 | |||
Remaining number of shares authorized (in shares) | 96,695 | 96,695 | |||
Term of service | 1 year | ||||
Grant market value | $ 50,000 | $ 50,000 | |||
Weighted-average vesting period | 1 year | ||||
Share-based compensation expense | $ 100,000 | $ 100,000 | $ 200,000 | $ 100,000 |
STOCK BASED COMPENSATION PLAN_3
STOCK BASED COMPENSATION PLANS - Schedule of Restricted Stock Outstanding (Details) - Restricted Stock - $ / shares | 9 Months Ended | 12 Months Ended |
Dec. 31, 2023 | Mar. 31, 2023 | |
2010 Plan and 2021 Employee Plan | ||
Number of Shares | ||
Beginning balance (in shares) | 432,711 | |
Granted (in shares) | 284,407 | |
Vested (in shares) | (156,755) | |
Forfeited (in shares) | (1,791) | |
Ending balance (in shares) | 558,572 | 432,711 |
Weighted Average Fair Value Per Share at grant date | ||
Beginning balance (in dollars per share) | $ 21.61 | |
Granted (in dollars per share) | 19.86 | |
Vested (in dollars per share) | 20.93 | |
Forfeited (in dollars per share) | 23.91 | |
Ending balance (in dollars per share) | $ 20.90 | $ 21.61 |
Weighted Average Remaining Vesting Term (in Years) | ||
Weighted Average Vesting Term | 2 years 7 months 6 days | 2 years 4 months 24 days |
Non-Employee Director Plan | ||
Number of Shares | ||
Beginning balance (in shares) | 12,105 | |
Granted (in shares) | 11,200 | |
Vested (in shares) | (12,105) | |
Forfeited (in shares) | 0 | |
Ending balance (in shares) | 11,200 | 12,105 |
Weighted Average Fair Value Per Share at grant date | ||
Beginning balance (in dollars per share) | $ 20.66 | |
Granted (in dollars per share) | 0 | |
Vested (in dollars per share) | 0 | |
Forfeited (in dollars per share) | 0 | |
Ending balance (in dollars per share) | $ 22.33 | $ 20.66 |
Weighted Average Remaining Vesting Term (in Years) | ||
Weighted Average Vesting Term | 7 months 6 days | 4 months 24 days |
OTHER EMPLOYEE COMPENSATION (De
OTHER EMPLOYEE COMPENSATION (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | |
Retirement Benefits [Abstract] | ||||
Employer matching contribution (up to) | 4.50% | |||
Matching contributions cost | $ 29,600 | $ 28,600 | $ 171,200 | $ 158,100 |
COMMITMENTS AND CONTINGENCIES -
COMMITMENTS AND CONTINGENCIES - Unused Commitments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 |
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | $ 133,209 | $ 124,637 |
Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 102,852 | 87,554 |
Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 22,857 | 37,083 |
Other | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 7,500 | 0 |
Total Unfunded Equity Commitments | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 537 | 537 |
Investment, Identifier [Axis]: AAC New Holdco Inc., Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 166 | 199 |
Investment, Identifier [Axis]: ATS Operating, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: Acacia BuyerCo V LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,500 |
Investment, Identifier [Axis]: Acacia BuyerCo V LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: Acceleration, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 5,000 |
Investment, Identifier [Axis]: Acceleration, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,050 | 1,300 |
Investment, Identifier [Axis]: Air Conditioning Specialist Inc., Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 750 | 0 |
Investment, Identifier [Axis]: Air Conditioning Specialist, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,675 | 1,200 |
Investment, Identifier [Axis]: American Teleconferencing Services, Ltd.,, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 154 |
Investment, Identifier [Axis]: ArborWorks, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,196 | 1,000 |
Investment, Identifier [Axis]: Bond Brand Loyalty ULC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: CDC Dental Management Co., LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: Catbird NYC, LLC, Other | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 125 | 125 |
Investment, Identifier [Axis]: Catbird NYC, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 4,000 | 4,000 |
Investment, Identifier [Axis]: Cavalier Buyer, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: Central Medical Supply LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,400 | 1,400 |
Investment, Identifier [Axis]: Central Medical Supply LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,200 | 1,200 |
Investment, Identifier [Axis]: CityVet, Inc., Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 5,000 | 0 |
Investment, Identifier [Axis]: Command Group Acquisition, LLC, Other | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 7,500 | 0 |
Investment, Identifier [Axis]: Damotech Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,000 | 0 |
Investment, Identifier [Axis]: Edge Autonomy Holdings, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 4,000 | 0 |
Investment, Identifier [Axis]: Exact Borrower, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,500 |
Investment, Identifier [Axis]: Exact Borrower, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,500 | 2,500 |
Investment, Identifier [Axis]: FM Sylvan, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 5,000 | 8,000 |
Investment, Identifier [Axis]: FS Vector LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: GPT Industries, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,000 | 3,000 |
Investment, Identifier [Axis]: Gains Intermediate, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 5,000 |
Investment, Identifier [Axis]: Gains Intermediate, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,500 | 2,500 |
Investment, Identifier [Axis]: GrammaTech, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,500 | 2,500 |
Investment, Identifier [Axis]: Gulf Pacific Acquisition, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,212 | 1,212 |
Investment, Identifier [Axis]: Gulf Pacific Acquisition, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 555 | 657 |
Investment, Identifier [Axis]: HH-Inspire Acquisition, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 46 | 0 |
Investment, Identifier [Axis]: ISI Enterprises, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 854 | 0 |
Investment, Identifier [Axis]: ITA Holdings Group, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,525 | 0 |
Investment, Identifier [Axis]: Ignite Visibility LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: Ignite Visibility LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,250 |
Investment, Identifier [Axis]: Infolinks Media Buyco, LLC, Other | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 412 | 412 |
Investment, Identifier [Axis]: Institutes of Health, LLC., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,000 | 0 |
Investment, Identifier [Axis]: Island Pump and Tank, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,500 | 1,000 |
Investment, Identifier [Axis]: KMS, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,286 |
Investment, Identifier [Axis]: LGM Pharma LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,500 | 0 |
Investment, Identifier [Axis]: LKC Technologies, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 0 |
Investment, Identifier [Axis]: Lash OpCo, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 202 | 138 |
Investment, Identifier [Axis]: Lighting Retrofit International, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,083 | 2,083 |
Investment, Identifier [Axis]: Lightning Intermediate II, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,296 | 1,852 |
Investment, Identifier [Axis]: Mako Steel LP, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,887 | 943 |
Investment, Identifier [Axis]: Mammoth BorrowCo, Inc., Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,875 | 0 |
Investment, Identifier [Axis]: Mammoth BorrowCo, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,750 | 0 |
Investment, Identifier [Axis]: Microbe Formulas LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,627 | 1,627 |
Investment, Identifier [Axis]: Muenster Milling Company, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 7,000 |
Investment, Identifier [Axis]: NWN Parent Holdings, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 480 |
Investment, Identifier [Axis]: New Skinny Mixes, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,000 | 3,000 |
Investment, Identifier [Axis]: New Skinny Mixes, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,500 | 4,000 |
Investment, Identifier [Axis]: NinjaTrader, Inc., Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 4,692 |
Investment, Identifier [Axis]: NinjaTrader, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,500 | 2,500 |
Investment, Identifier [Axis]: Opco Borrower, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 833 | 833 |
Investment, Identifier [Axis]: Outerbox, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: Pipeline Technique Ltd., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,278 | 2,833 |
Investment, Identifier [Axis]: Pool Service Holdings, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 5,600 | 0 |
Investment, Identifier [Axis]: Pool Service Holdings, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,000 | 0 |
Investment, Identifier [Axis]: RTIC Subsidiary Holdings LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,151 | 548 |
Investment, Identifier [Axis]: Roof OpCo, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 3,056 | 3,056 |
Investment, Identifier [Axis]: Roseland Management, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,700 | 1,425 |
Investment, Identifier [Axis]: Shearwater Research, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,446 |
Investment, Identifier [Axis]: South Coast Terminals LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,742 | 1,935 |
Investment, Identifier [Axis]: Spotlight AR, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,000 | 2,000 |
Investment, Identifier [Axis]: Swensons Drive-In Restaurants, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,500 | 0 |
Investment, Identifier [Axis]: Systec Corporation, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,000 | 400 |
Investment, Identifier [Axis]: Versicare Management LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 2,600 |
Investment, Identifier [Axis]: Versicare Management LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 2,500 | 2,500 |
Investment, Identifier [Axis]: Wall Street Prep, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 1,000 | 1,000 |
Investment, Identifier [Axis]: Well-Foam, Inc., Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 4,500 | 4,500 |
Investment, Identifier [Axis]: Winter Services Operations, LLC, Delayed Draw Term Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | 0 | 4,444 |
Investment, Identifier [Axis]: Winter Services Operations, LLC, Revolving Loans | ||
Other Commitments [Line Items] | ||
Total Unfunded Debt Commitments | $ 0 | $ 4,444 |
COMMITMENTS AND CONTINGENCIES_2
COMMITMENTS AND CONTINGENCIES - Unfunded Debt Commitments (Details) - USD ($) $ in Thousands | Dec. 31, 2023 | Mar. 31, 2023 |
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | $ 133,209 | $ 124,637 |
2024 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | 7,666 | 31,625 |
2025 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | 21,762 | 10,637 |
2026 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | 9,777 | 6,712 |
2027 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | 27,473 | 38,062 |
2028 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | 35,982 | 35,318 |
2029 | ||
Gain Contingencies [Line Items] | ||
Total Unfunded Debt Commitments | $ 30,549 | $ 2,283 |
COMMITMENTS AND CONTINGENCIES_3
COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2023 | |
Gain Contingencies [Line Items] | |||||
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets | Other assets | Other assets | Other assets | |
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration] | Other liabilities | Other liabilities | Other liabilities | Other liabilities | |
Lease expense | $ 63,100 | $ 63,100 | $ 189,200 | $ 189,200 | |
Operating lease asset | 1,800,000 | 1,800,000 | $ 1,800,000 | ||
Operating lease liability | $ 2,700,000 | $ 2,700,000 | $ 2,800,000 | ||
Remaining lease term | 8 years 9 months | 8 years 9 months | |||
Discount rate | 7.63% | 7.63% | |||
Letters of credit issued and outstanding | |||||
Gain Contingencies [Line Items] | |||||
Expiring letters of credit | $ 600,000 | $ 600,000 | |||
February 2023 | Letters of credit issued and outstanding | |||||
Gain Contingencies [Line Items] | |||||
Expiring letters of credit | 400,000 | 400,000 | |||
April 2023 | Letters of credit issued and outstanding | |||||
Gain Contingencies [Line Items] | |||||
Expiring letters of credit | 200,000 | 200,000 | |||
August 2023 | Letters of credit issued and outstanding | |||||
Gain Contingencies [Line Items] | |||||
Expiring letters of credit | $ 20,400 | $ 20,400 |
COMMITMENTS AND CONTINGENCIES_4
COMMITMENTS AND CONTINGENCIES - Future Minimum Payments (Details) $ in Thousands | Dec. 31, 2023 USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
2024 | $ 103 |
2025 | 416 |
2026 | 426 |
2027 | 436 |
2028 | 446 |
Thereafter | 2,132 |
Total | $ 3,959 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details) - I-45 SLF LLC - USD ($) | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2023 | |
Related Party Transaction [Line Items] | |||||
Dividends receivable | $ 2,100,000 | $ 2,100,000 | $ 1,900,000 | ||
Management fees from our portfolio companies | $ 16,100 | $ 25,000 | $ 61,500 | $ 75,000 |
SUMMARY OF PER SHARE INFORMAT_3
SUMMARY OF PER SHARE INFORMATION (Details) - $ / shares | 3 Months Ended | 9 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2023 | Dec. 31, 2022 | Mar. 31, 2023 | |
Per Share Data: | |||||
Investment income (in usd per share) | $ 3.33 | $ 2.90 | |||
Operating expenses (in usd per share) | (1.28) | (1.26) | |||
Income taxes (in usd per share) | (0.01) | 0 | |||
Net investment income (in usd per share) | 2.04 | 1.64 | |||
Net realized (loss) gain, net of tax (in usd per share) | (0.51) | (0.62) | |||
Net unrealized (depreciation) appreciation on investments, net of tax (in usd per share) | 0.25 | (0.49) | |||
Realized loss on extinguishment of debt (in usd per share) | (0.01) | 0 | |||
Total increase from investment operations (in usd per share) | 1.77 | 0.53 | |||
Accretive effect of share issuances and repurchases (in usd per share) | 0.56 | 0.43 | |||
Dividends to shareholders (in usd per share) | (1.84) | (1.70) | |||
Issuance of restricted stock (in usd per share) | (0.13) | (0.14) | |||
Common stock withheld for payroll taxes upon vesting of restricted stock (in usd per share) | (0.05) | (0.01) | |||
Share based compensation expense (in usd per share) | 0.08 | 0.10 | |||
Other (in usd per share) | 0.01 | 0.18 | |||
(Decrease) increase in net asset value (in usd per share) | 0.40 | (0.61) | |||
Net asset value | |||||
Beginning of period (in usd per share) | 16.37 | 16.86 | |||
End of period (in usd per share) | $ 16.77 | $ 16.25 | $ 16.77 | $ 16.25 | |
Ratios and Supplemental Data | |||||
Ratio of operating expenses to average net assets | 10.19% | 10.08% | |||
Ratio of net investment income to average net assets | 16.25% | 13.03% | |||
Portfolio turnover | 12.23% | 11.04% | |||
Total investment return | 44.44% | (20.95%) | |||
Total return based on change in NAV | 13.68% | 6.47% | |||
Per share market value at the end of the period (in usd per share) | $ 23.70 | $ 17.10 | $ 23.70 | $ 17.10 | |
Weighted average shares outstanding – basic (in share) | 41,513,773 | 31,381,360 | 39,610,643 | 28,304,309 | |
Weighted average shares outstanding – diluted (in share) | 41,513,773 | 31,381,360 | 39,610,643 | 28,304,309 | |
Common shares outstanding at end of period (in shares) | 42,981,139 | 34,559,000 | 42,981,139 | 34,559,000 | 36,076,425 |
SUBSEQUENT EVENTS (Details)
SUBSEQUENT EVENTS (Details) - Subsequent Event - USD ($) $ / shares in Units, $ in Millions | Jan. 22, 2024 | Jan. 24, 2024 |
Subsequent Event [Line Items] | ||
Dividends (in usd per share) | $ 0.63 | |
I-45 SLF LLC | ||
Subsequent Event [Line Items] | ||
Initial equity capital commitment | $ 37.6 | |
I-45 SLF LLC | ||
Subsequent Event [Line Items] | ||
Initial equity capital commitment | $ 47 | |
Regular Dividends | ||
Subsequent Event [Line Items] | ||
Dividends (in usd per share) | 0.57 | |
Supplemental Dividends | ||
Subsequent Event [Line Items] | ||
Dividends (in usd per share) | $ 0.06 |
Schedule of Investments in an_3
Schedule of Investments in and Advances to Affiliates (Details) - USD ($) $ in Thousands | 9 Months Ended | ||||
Dec. 31, 2023 | Mar. 31, 2023 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [1],[2],[3] | $ 1,206,388 | |||
Fair Value, ending balance | [4],[5],[6],[7],[8],[9],[10] | 1,365,037 | |||
Control investments | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 6,439 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[11] | 51,256 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 2,944 | ||||
Fair Value, ending balance | 54,200 | ||||
Affiliate investments | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 159,093 | ||||
Amount of Interest or Dividends Credited in Income | 14,804 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 188,505 | |||
Gross Additions | 56,737 | ||||
Gross Reductions | (54,185) | ||||
Amount of Realized Gain/(Loss) | (6,409) | ||||
Amount of Unrealized Gain/(Loss) | 1,302 | ||||
Fair Value, ending balance | 185,950 | ||||
Total Control & Affiliate Investments | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 159,093 | ||||
Amount of Interest or Dividends Credited in Income | 21,243 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 239,761 | ||||
Gross Additions | 56,737 | ||||
Gross Reductions | (54,185) | ||||
Amount of Realized Gain/(Loss) | (6,409) | ||||
Amount of Unrealized Gain/(Loss) | 4,246 | ||||
Fair Value, ending balance | 240,150 | ||||
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 22,840 | [12] | $ 25,000 | [13] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[13] | 23,125 | |||
Fair Value, ending balance | [10],[12] | 18,272 | |||
Investment, Identifier [Axis]: 360 QUOTE TOPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,313 | 3,250 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,006 | |||
Fair Value, ending balance | [10] | $ 2,650 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., 374,543 shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 374,543 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 352 | [15] | 274 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 264 | |||
Fair Value, ending balance | [10],[15] | 348 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,679 | $ 10,199 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,842 | |||
Fair Value, ending balance | [10] | 11,550 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Shares common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 374,543 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 716 | |||
Investment, Identifier [Axis]: AAC NEW HOLDCO INC., Warrants (Expiration - December 11, 2025) | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 881 | |||
Fair Value, ending balance | [10] | $ 881 | |||
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, 1,000,000 Class B-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | [14],[18],[19] | 1,000,000 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 1,000 | |||
Fair Value, ending balance | [10],[18],[19] | 1,000 | |||
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,500 | 7,500 | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 7,380 | |||
Fair Value, ending balance | [10] | 7,500 | |||
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | 5,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 4,920 | |||
Fair Value, ending balance | [10] | 5,000 | |||
Investment, Identifier [Axis]: ACACIA BUYERCO V LLC, Revolver Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,019 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,019 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, 1,019 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,019 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,063 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 19,550 | [22] | $ 19,550 | [23] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[23] | 19,550 | |||
Fair Value, ending balance | [10],[22] | 19,452 | |||
Investment, Identifier [Axis]: ACCELERATION PARTNERS, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,019 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 1,223 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 1,611.22 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,611.22 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, 13,451.22 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 13,451.22 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,263 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,611.22 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 165 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,123 | 9,228 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,228 | |||
Fair Value, ending balance | [10] | 8,886 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,123 | 9,228 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,228 | |||
Fair Value, ending balance | [10] | 9,005 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,123 | $ 9,228 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,228 | |||
Fair Value, ending balance | [10] | 9,123 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 13,451.22 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,482 | |||
Investment, Identifier [Axis]: ACCELERATION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 1,950 | [15] | 3,700 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 3,700 | |||
Fair Value, ending balance | [10],[15] | 1,950 | |||
Investment, Identifier [Axis]: ACE GATHERING, INC. | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [24] | 7,698 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 7,082 | |||
Investment, Identifier [Axis]: ACE GATHERING, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [25] | 5,110 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[25] | $ 5,007 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., 1,006,045.85 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 1,006,045.85 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 2,749 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 24,469 | [7] | $ 27,438 | ||
Amount of Interest or Dividends Credited in Income | 2,210 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 27,438 | |||
Gross Additions | 11,066 | ||||
Gross Reductions | (13,935) | ||||
Amount of Realized Gain/(Loss) | 175 | ||||
Amount of Unrealized Gain/(Loss) | (275) | ||||
Fair Value, ending balance | [7],[10] | $ 24,469 | |||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,006,045.85 | 766,738.93 | [17],[20],[21] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | [20],[21] | ||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,202 | |||
Gross Additions | 534 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 1,013 | ||||
Fair Value, ending balance | 2,749 | ||||
Investment, Identifier [Axis]: AIR CONDITIONING SPECIALIST, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 825 | [7],[15] | $ 800 | [16] | |
Amount of Interest or Dividends Credited in Income | 70 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 800 | |||
Gross Additions | 605 | ||||
Gross Reductions | (575) | ||||
Amount of Realized Gain/(Loss) | 15 | ||||
Amount of Unrealized Gain/(Loss) | (20) | ||||
Fair Value, ending balance | [7],[10],[15] | $ 825 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., 3.88% Membership Preferred Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [14] | 3.88% | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., 3.88% membership preferred interest | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 1,201 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Membership preferred interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [17] | 3.88% | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 2,691 | |||
Investment, Identifier [Axis]: ALLIANCE SPORTS GROUP, L.P., Unsecured convertible Note | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 173 | 173 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 201 | |||
Fair Value, ending balance | [10] | 173 | |||
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,944 | [26] | 11,716 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 10,978 | |||
Fair Value, ending balance | [10],[26] | 10,505 | |||
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,106 | [26] | $ 11,716 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,958 | |||
Fair Value, ending balance | [10],[26] | $ 7,869 | |||
Investment, Identifier [Axis]: AMERICAN NUTS OPERATIONS LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 3,000,000 | [14],[18],[19] | 3,000,000 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Fair Value, ending balance | [10],[18],[19] | 0 | |||
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [27] | 4,899 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[27] | 251 | |||
Investment, Identifier [Axis]: AMERICAN TELECONFERENCING SERVICES, LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16],[27] | $ 862 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[27] | $ 44 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 1,666.67 Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 1,666.67 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 100 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 100 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 13,898.32 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 3,170 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, 13,898.32 Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 13,898.32 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 100 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 0 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,030 | [7] | 12,610 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,470 | |||
Fair Value, ending balance | [7],[10] | 3,030 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 806 | [7],[15] | $ 2,000 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 1,502 | |||
Fair Value, ending balance | [7],[10],[15] | 806 | |||
Investment, Identifier [Axis]: ARBORWORKS, LLC6, 100 Class A Units | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 5 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, 2,572 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 2,572 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 847 | |||
Investment, Identifier [Axis]: ASC ORTHO MANAGEMENT COMPANY, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 2,572 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 847 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, 1,000,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,000 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,250 | 9,250 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,102 | |||
Fair Value, ending balance | [10] | 9,195 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,250 | 9,250 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,102 | |||
Fair Value, ending balance | [10] | 9,250 | |||
Investment, Identifier [Axis]: ATS OPERATING, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 500 | [15] | $ 500 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 492 | |||
Fair Value, ending balance | [10],[15] | $ 494 | |||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 100 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 5 | ||||
Fair Value, ending balance | $ 5 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,666.67 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Class A-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 13,898.32 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 3,170 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 3,170 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Class B-1 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 13,898.32 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,030 | ||||
Amount of Interest or Dividends Credited in Income | 56 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 3,030 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 3,030 | ||||
Investment, Identifier [Axis]: ArborWorks, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 806 | ||||
Amount of Interest or Dividends Credited in Income | 14 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 806 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 806 | ||||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., 900,000 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 900,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 598 | |||
Investment, Identifier [Axis]: BINSWANGER HOLDING CORP., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 900,000 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[28] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[28] | $ 0 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[28] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[28] | $ 1,000 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [19],[28] | 8,978 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [19],[28] | 8,978 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | 8,816 | |||
Investment, Identifier [Axis]: BOND BRAND LOYALTY ULC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15],[19],[28] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15],[19],[28] | $ 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 1,131,579 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,131,579 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,400 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, 89,335 Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 89,335 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,131,579 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,649 | |||
Investment, Identifier [Axis]: BROAD SKY NETWORKS LLC, Series C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 89,335 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 130 | |||
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,500 | [25] | 6,500 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 6,377 | |||
Fair Value, ending balance | [10],[25] | 6,500 | |||
Investment, Identifier [Axis]: C&M CONVEYOR, INC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,500 | [25] | 6,500 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 6,377 | |||
Fair Value, ending balance | [10],[25] | 6,500 | |||
Investment, Identifier [Axis]: CADMIUM, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,362 | 7,385 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,134 | |||
Fair Value, ending balance | [10] | 7,317 | |||
Investment, Identifier [Axis]: CADMIUM, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 615 | 615 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 594 | |||
Fair Value, ending balance | [10] | 612 | |||
Investment, Identifier [Axis]: CAMIN CARGO CONTROL, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 5,692 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 5,692 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19],[29] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19],[29] | $ 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, 500,000 Class B units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[15],[18],[19],[29] | 500,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[15],[18],[19],[29] | $ 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 6 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 1,658 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 1,658 | ||||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 1,658 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 500,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 714 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 714 | ||||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Class B units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [16],[17],[20],[21],[30] | 500,000 | |||
Principal Amount - Debt Investments | [16],[20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[20],[21],[30] | 714 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,200 | [7] | 15,500 | ||
Amount of Interest or Dividends Credited in Income | 1,487 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 15,500 | |||
Gross Additions | 46 | ||||
Gross Reductions | (300) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (46) | ||||
Fair Value, ending balance | [7],[10] | 15,200 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [7],[15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: CATBIRD NYC, LLC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 69 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 1,512 | ||||
Gross Reductions | (1,500) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (12) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 625,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 6,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 6,372 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 625,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 625 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC. Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 690,324 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., 690,324 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 690,324 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 726 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 6,500 | |||
Investment, Identifier [Axis]: CAVALIER BUYER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, 1,568.70 Class Y Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,568.7 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,000 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 5,393 | |||
Investment, Identifier [Axis]: CDC DENTAL MANAGEMENT CO., LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, 2,620,670 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 2,620,670 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 1,360 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Capex Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 100 | [7],[15] | 100 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 99 | |||
Fair Value, ending balance | [7],[10],[15] | 100 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 100 | ||||
Amount of Interest or Dividends Credited in Income | 21 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 99 | ||||
Gross Additions | 5 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (4) | ||||
Fair Value, ending balance | 100 | ||||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,526 | [7] | $ 7,500 | ||
Amount of Interest or Dividends Credited in Income | 889 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,402 | |||
Gross Additions | 51 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 73 | ||||
Fair Value, ending balance | [7],[10] | $ 7,526 | |||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,620,670 | 1,380,500 | [17],[20],[21] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | [20],[21] | ||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 357 | |||
Gross Additions | 248 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 755 | ||||
Fair Value, ending balance | 1,360 | ||||
Investment, Identifier [Axis]: CENTRAL MEDICAL SUPPLY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 300 | [7],[15] | $ 300 | [16] | |
Amount of Interest or Dividends Credited in Income | 44 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 296 | |||
Gross Additions | 4 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | [7],[10],[15] | $ 300 | |||
Investment, Identifier [Axis]: CHANDLER SIGNS, LLC, Units of Class A-1 common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,500,000 | 1,500,000 | [17],[20],[21] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | [20],[21] | ||
Amount of Interest or Dividends Credited in Income | 60 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 3,215 | |||
Gross Additions | 0 | ||||
Gross Reductions | (3,402) | ||||
Amount of Realized Gain/(Loss) | 1,902 | ||||
Amount of Unrealized Gain/(Loss) | (1,715) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: CITYVET, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: CITYVET, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 14,985 | |||
Investment, Identifier [Axis]: CRAFTY APES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 16,051 | [22] | $ 15,000 | [23] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[23] | 15,000 | |||
Fair Value, ending balance | [10],[22] | $ 15,216 | |||
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[28] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[28] | $ 715 | |||
Investment, Identifier [Axis]: DAMOTECH INC., 1,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[28] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[28] | $ 1,193 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [19],[28] | 3,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | 2,943 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [19],[28] | 5,100 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [19],[28] | 5,100 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | 5,003 | |||
Investment, Identifier [Axis]: DAMOTECH INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15],[19],[28] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15],[19],[28] | $ 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,681.04 | 1,681.04 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 0 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | (3,615) | ||||
Amount of Unrealized Gain/(Loss) | 3,615 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | (1,649) | ||||
Amount of Unrealized Gain/(Loss) | 1,649 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | (1,829) | ||||
Amount of Unrealized Gain/(Loss) | 1,829 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+11.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [27] | 1,649 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[27] | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, First Lien, L+9.00% PIK | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [27] | 1,829 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[27] | 0 | |||
Investment, Identifier [Axis]: DELPHI BEHAVIORAL HEALTH GROUP, LLC, Protective Advance | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | $ 1,448 | [27] | ||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[27] | 0 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | (1,448) | ||||
Amount of Unrealized Gain/(Loss) | 1,448 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: DELPHI LENDER HOLDCO LLC, 254 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 254 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 2,500,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,500,000 | [7],[14],[18],[19] | 2,500,000 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Fair Value, ending balance | [7],[10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 250,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 250,000 | [7],[14],[18],[19] | 250,000 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 625 | |||
Fair Value, ending balance | [7],[10],[18],[19] | $ 317 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 255,984.22 Class C Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 255,984.22 | [7],[14],[18],[19] | 255,984.22 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Fair Value, ending balance | [7],[10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, 5,435,211.03 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 5,435,211.03 | [7],[14],[18],[19] | 5,435,211.03 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 2,218 | |||
Fair Value, ending balance | [7],[10],[18],[19] | 0 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,141 | [7] | 3,846 | ||
Amount of Interest or Dividends Credited in Income | 297 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,823 | |||
Gross Additions | 297 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 20 | ||||
Fair Value, ending balance | [7],[10] | 4,140 | |||
Investment, Identifier [Axis]: DYNAMIC COMMUNITIES, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,226 | [7] | 3,867 | ||
Amount of Interest or Dividends Credited in Income | 359 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,843 | |||
Gross Additions | 359 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 24 | ||||
Fair Value, ending balance | [7],[10] | $ 4,226 | |||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 250,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 625 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (308) | ||||
Fair Value, ending balance | $ 317 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class B Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 5,435,211.03 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 2,218 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (2,218) | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Class C Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 255,984.22 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: Dynamic Communities, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,500,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,250 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,250 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 11,250 | |||
Investment, Identifier [Axis]: EDGE AUTONOMY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: EVEREST TRANSPORTATION SYSTEMS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,219 | $ 8,566 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 8,566 | |||
Fair Value, ending balance | [10] | $ 7,479 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, 615.156 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 615.156 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 945 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 615.156 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 770 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,327 | 0 | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10] | 2,326 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,751 | 9,450 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,271 | |||
Fair Value, ending balance | [10] | 8,751 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,751 | 9,450 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,271 | |||
Fair Value, ending balance | [10] | 8,751 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Promissory Note | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 385 | 385 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 385 | |||
Fair Value, ending balance | [10] | 385 | |||
Investment, Identifier [Axis]: EXACT BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, 2,446,170 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[29] | 2,446,170 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 9,181 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21],[30] | 2,000,000 | |||
Principal Amount - Debt Investments | [20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21],[30] | 17,678 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,818 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 2,818 | |||
Investment, Identifier [Axis]: FLIP ELECTRONICS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 31,845 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 31,845 | |||
Investment, Identifier [Axis]: FM SYLVAN, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,850 | 11,963 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,963 | |||
Fair Value, ending balance | [10] | 11,850 | |||
Investment, Identifier [Axis]: FM SYLVAN, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | [15] | $ 2,000 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 2,000 | |||
Fair Value, ending balance | [10],[15] | $ 5,000 | |||
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 75,000 | [14],[18],[19] | 75,000 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 911 | |||
Fair Value, ending balance | [10],[18],[19] | 1,662 | |||
Investment, Identifier [Axis]: FOOD PHARMA SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,030 | 7,030 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,030 | |||
Fair Value, ending balance | [10] | $ 7,030 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, 1,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[29] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 1,000 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 8,847 | |||
Investment, Identifier [Axis]: FS VECTOR LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,125 | 7,500 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,358 | |||
Fair Value, ending balance | [10] | 7,125 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,125 | 7,500 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,358 | |||
Fair Value, ending balance | [10] | 7,125 | |||
Investment, Identifier [Axis]: GAINS INTERMEDIATE, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, 1,000,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 1,469 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,000 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,039 | [7],[12] | 6,150 | [13] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[13] | 6,030 | |||
Fair Value, ending balance | [7],[10],[12] | 6,039 | |||
Investment, Identifier [Axis]: GPT INDUSTRIES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [7],[15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [7],[10],[15] | $ 0 | |||
Investment, Identifier [Axis]: GPT Industries, LLC Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 1,000 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 469 | ||||
Fair Value, ending balance | 1,469 | ||||
Investment, Identifier [Axis]: GPT Industries, LLC First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,039 | ||||
Amount of Interest or Dividends Credited in Income | 658 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 6,030 | ||||
Gross Additions | 15 | ||||
Gross Reductions | (111) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 105 | ||||
Fair Value, ending balance | 6,039 | ||||
Investment, Identifier [Axis]: GPT Industries, LLC Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 20 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 9 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (9) | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: GRAMMATECH, INC., 1,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 1,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., 360.06 Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 360.06 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,000 | 1,000 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 0 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: GRAMMATECH, INC., Class A-1 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 360.06 | 360.06 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 372 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (372) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: GRAMMATECH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,000 | [7] | 10,031 | ||
Amount of Interest or Dividends Credited in Income | 736 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 10,031 | |||
Gross Additions | 19 | ||||
Gross Reductions | (8,031) | ||||
Amount of Realized Gain/(Loss) | 39 | ||||
Amount of Unrealized Gain/(Loss) | (58) | ||||
Fair Value, ending balance | [7],[10] | 2,000 | |||
Investment, Identifier [Axis]: GRAMMATECH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [7],[15] | $ 0 | [16] | |
Amount of Interest or Dividends Credited in Income | 7 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Gross Additions | 7 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (7) | ||||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,500,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,500 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,511 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 4,376 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC. Warrants | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 80 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., 1,500,000 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,500,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,565 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,051 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 6,966 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - February 10, 2033) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 35 | |||
Investment, Identifier [Axis]: GUARDIAN FLEET SERVICES, INC., Warrants (Expiration - November 30, 2033) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 20 | |||
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 301 | [15] | 303 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 297 | |||
Fair Value, ending balance | [10],[15] | 295 | |||
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,615 | 3,642 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,573 | |||
Fair Value, ending balance | [10] | 3,546 | |||
Investment, Identifier [Axis]: GULF PACIFIC ACQUISITION, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 454 | [15] | 353 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 347 | |||
Fair Value, ending balance | [10],[15] | 446 | |||
Investment, Identifier [Axis]: HEAT TRAK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 11,270 | |||
Investment, Identifier [Axis]: HEAT TRAK, LLC, Warrants (Expiration - June 9, 2033) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 1,104 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., 108,211.4 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 108,211.4 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 323 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,996 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,356 | |||
Investment, Identifier [Axis]: HH-INSPIRE ACQUISITION, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 719 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 662 | |||
Investment, Identifier [Axis]: HYBRID APPAREL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,848 | [25] | $ 15,750 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 13,120 | |||
Fair Value, ending balance | [10],[25] | $ 15,452 | |||
Investment, Identifier [Axis]: I-45 SLF LLC | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 80% | [9],[14],[19],[29] | 80% | [16],[17],[21],[30] | |
Principal Amount - Debt Investments | [16],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[21],[30] | $ 51,256 | |||
Fair Value, ending balance | [9],[10],[19],[29] | $ 54,200 | |||
Investment, Identifier [Axis]: I-45 SLF LLC, LLC equity interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 80% | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 6,439 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 51,256 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 2,944 | ||||
Fair Value, ending balance | $ 54,200 | ||||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 833 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 167 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, 833 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 833 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 833 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 4,926 | |||
Investment, Identifier [Axis]: IGNITE VISIBILITY LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, 1.68% LP interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [14],[15],[18],[19],[29] | 1.68% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15],[18],[19],[29] | $ 1,121 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,265 | $ 7,653 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,653 | |||
Fair Value, ending balance | [10] | 8,265 | |||
Investment, Identifier [Axis]: INFOLINKS MEDIA BUYCO, LLC, LP interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [16],[17],[20],[21],[30] | 1.68% | |||
Principal Amount - Debt Investments | [16],[20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[20],[21],[30] | $ 944 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, 100,000 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 100,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,000 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,357 | |||
Investment, Identifier [Axis]: INSTITUTES OF HEALTH, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 1,000,000 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 1,132 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, 166,667 Series A-1 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 166,667 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 678 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | 5,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 5,000 | |||
Fair Value, ending balance | [10] | 5,000 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: ISI ENTERPRISES, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 1,000,000 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 1,000 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, 1,195,526 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,195,526 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 2,271 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 25,000 | $ 9,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 8,823 | |||
Fair Value, ending balance | [10] | 25,000 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 750,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 750 | |||
Investment, Identifier [Axis]: ISLAND PUMP AND TANK, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 500 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 471 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, 9.25% Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [7],[14],[18],[19],[29] | 9.25% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19],[29] | $ 2,374 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A Membership Interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [17],[20],[21] | 9.25% | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 4,348 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Class A membership interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | 9.25% | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 120 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 4,348 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (1,974) | ||||
Fair Value, ending balance | 2,374 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 1,058 | |||
Amount of Interest or Dividends Credited in Income | 46 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 1,034 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 24 | ||||
Fair Value, ending balance | [7],[10],[15] | 1,058 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 1,058 | |||
Amount of Interest or Dividends Credited in Income | 52 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 1,034 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 24 | ||||
Fair Value, ending balance | [7],[10],[15] | 1,058 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | 3,271 | |||
Amount of Interest or Dividends Credited in Income | 88 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,255 | |||
Gross Additions | 168 | ||||
Gross Reductions | (3,427) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 4 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - PIK Note B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | 129 | |||
Amount of Interest or Dividends Credited in Income | 3 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 128 | |||
Gross Additions | 6 | ||||
Gross Reductions | (134) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term B Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,966 | [7] | 5,057 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 5,068 | |||
Fair Value, ending balance | [7],[10] | 12,966 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,966 | [7] | 10,114 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 10,114 | |||
Fair Value, ending balance | [7],[10] | 12,966 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 282 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 10,114 | ||||
Gross Additions | 6 | ||||
Gross Reductions | (10,145) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 25 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,966 | ||||
Amount of Interest or Dividends Credited in Income | 1,278 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 11,013 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 1,953 | ||||
Fair Value, ending balance | 12,966 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 189 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 5,068 | ||||
Gross Additions | 17 | ||||
Gross Reductions | (5,073) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (12) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, First Lien - Term Loan B - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,966 | ||||
Amount of Interest or Dividends Credited in Income | 1,409 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 11,005 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 1,961 | ||||
Fair Value, ending balance | 12,966 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [7],[15] | 7,000 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,014 | |||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Revolving loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 282 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 7,014 | ||||
Gross Additions | (30) | ||||
Gross Reductions | (7,005) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 21 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - June 21, 2033) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | 3,869 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029) | |||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | 4,005 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants (Expiration - March 29, 2029)9,13 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 4,046 | |||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 4,046 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (41) | ||||
Fair Value, ending balance | 4,005 | ||||
Investment, Identifier [Axis]: ITA HOLDINGS GROUP, LLC, Warrants - 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 3,791 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 78 | ||||
Fair Value, ending balance | 3,869 | ||||
Investment, Identifier [Axis]: JACKSON HEWITT TAX SERVICE, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 9,850 | |||
Investment, Identifier [Axis]: JVMC HOLDINGS CORP., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 1,855 | 6,132 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 6,132 | |||
Fair Value, ending balance | [10] | 1,855 | |||
Investment, Identifier [Axis]: KMS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16],[24] | 2,228 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[24] | 2,016 | |||
Investment, Identifier [Axis]: KMS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 17,856 | [25] | 15,800 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 14,299 | |||
Fair Value, ending balance | [10],[25] | 15,892 | |||
Investment, Identifier [Axis]: LASH OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,452 | 10,532 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 10,110 | |||
Fair Value, ending balance | [10] | 10,243 | |||
Investment, Identifier [Axis]: LASH OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 622 | [15] | 343 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 330 | |||
Fair Value, ending balance | [10],[15] | $ 609 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, 142,278.89 units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 142,278.89 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 4,037 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,279 | 2,501 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 2,501 | |||
Fair Value, ending balance | [10] | 4,279 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | $ 11,477 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,477 | |||
Fair Value, ending balance | [10] | 5,000 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,884 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 4,782 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,884 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 4,884 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Units of Class A common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 142,278.89 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,692 | |||
Investment, Identifier [Axis]: LGM PHARMA, LLC, Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 136 | [18],[19] | $ 113 | [20],[21] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 113 | |||
Fair Value, ending balance | [10],[18],[19] | $ 136 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 203,124.9999 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,104 | ||||
Amount of Interest or Dividends Credited in Income | 294 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 5,143 | ||||
Gross Additions | 0 | ||||
Gross Reductions | (39) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (138) | ||||
Fair Value, ending balance | 4,966 | ||||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 8 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,208 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 3,594 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 1,323 | ||||
Fair Value, ending balance | $ 4,917 | ||||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC (DBA ENVOCORE), Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 208,333.3333 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 203,124.9999 | [7],[14],[18],[19] | 203,124.9999 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Fair Value, ending balance | [7],[10],[18],[19] | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,104 | [7] | 5,143 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 5,143 | |||
Fair Value, ending balance | [7],[10] | 4,966 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [7],[15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,208 | [7],[26] | $ 5,208 | [27] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[27] | 3,594 | |||
Fair Value, ending balance | [7],[10],[26] | $ 4,917 | |||
Investment, Identifier [Axis]: LIGHTING RETROFIT INTERNATIONAL, LLC, Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 208,333.3333 | [7],[14],[18],[19] | 208,333.3333 | [17],[20],[21] | |
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 0 | |||
Fair Value, ending balance | [7],[10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, 0.88% LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [14],[18],[19],[29] | 0.88% | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 263 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 22,280 | $ 22,714 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 22,305 | |||
Fair Value, ending balance | [10] | 21,166 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, LLC interest | |||||
Schedule of Investments [Line Items] | |||||
Ownership percent | [17],[20],[21] | 0.88% | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 416 | |||
Investment, Identifier [Axis]: LIGHTNING INTERMEDIATE II, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 556 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 528 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., 1,000,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,457 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,500 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 6,500 | |||
Investment, Identifier [Axis]: LKC TECHNOLOGIES, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: LLFLEX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,795 | [25] | 10,835 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 10,131 | |||
Fair Value, ending balance | [10],[25] | 9,176 | |||
Investment, Identifier [Axis]: MAKO STEEL LP, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,777 | 7,879 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,839 | |||
Fair Value, ending balance | [10] | 7,777 | |||
Investment, Identifier [Axis]: MAKO STEEL LP, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | 943 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 939 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,000 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,750 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,750 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 10,485 | |||
Investment, Identifier [Axis]: MAMMOTH BORROWCO, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, 12,059,033 Series A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 12,059,033 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,735 | 12,344 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,949 | |||
Fair Value, ending balance | [10] | 11,856 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,866 | $ 2,759 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 2,593 | |||
Fair Value, ending balance | [10] | 2,562 | |||
Investment, Identifier [Axis]: MERCURY ACQUISITION 2021, LLC, Series A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 2,089,599 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 770 | |||
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,016 | 11,621 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,505 | |||
Fair Value, ending balance | [10] | 10,016 | |||
Investment, Identifier [Axis]: MICROBE FORMULAS LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 807 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 1,185 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,130,387 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 403 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 21,800 | 21,800 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 21,800 | |||
Fair Value, ending balance | [10] | 21,364 | |||
Investment, Identifier [Axis]: MUENSTER MILLING COMPANY, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | $ 0 | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10] | $ 0 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, 191,049.33 Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[29] | 191,049.33 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, Class A-3 Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21],[30] | 191,049.33 | |||
Principal Amount - Debt Investments | [20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21],[30] | 2,000 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,716 | 9,716 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,550 | |||
Fair Value, ending balance | [10] | 9,259 | |||
Investment, Identifier [Axis]: NATIONAL CREDIT CARE, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,716 | 9,716 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,550 | |||
Fair Value, ending balance | [10] | 9,259 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,433 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,433 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,433 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,153 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 5,153 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien - Term Loan D | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,988 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 12,988 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,478 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,104 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,478 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 6,356 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, First Lien-Term Loan C | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,176 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,097 | |||
Investment, Identifier [Axis]: NEUROPSYCHIATRIC HOSPITALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | 4,400 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 4,180 | |||
Fair Value, ending balance | [10] | 5,000 | |||
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 13,000 | 13,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 12,753 | |||
Fair Value, ending balance | [10] | 13,000 | |||
Investment, Identifier [Axis]: NEW SKINNY MIXES, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 500 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 500 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 29,586 | $ 23,150 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 23,150 | |||
Fair Value, ending balance | [10] | $ 29,586 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,000,000 | [14],[18],[19],[29] | 2,000,000 | [17],[20],[21],[30] | |
Principal Amount - Debt Investments | [20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21],[30] | $ 11,138 | |||
Fair Value, ending balance | [10],[18],[19],[29] | 16,536 | |||
Investment, Identifier [Axis]: NINJATRADER, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,688 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 12,510 | |||
Investment, Identifier [Axis]: NWN PARENT HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 1,020 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 1,006 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC , Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,661 | 9,052 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,052 | |||
Fair Value, ending balance | [10] | 8,661 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,000 | 3,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,000 | |||
Fair Value, ending balance | [10] | 3,000 | |||
Investment, Identifier [Axis]: OPCO BORROWER, LLC, Warrants (Expiration - August 19, 2029) | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 399 | |||
Fair Value, ending balance | [10] | $ 778 | |||
Investment, Identifier [Axis]: OUTERBOX, LLC, 6,308.2584 Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 6,308.2584 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 581 | |||
Investment, Identifier [Axis]: OUTERBOX, LLC, Class A common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 6,308.2584 | 6,308.2584 | [17],[20],[21] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | [20],[21] | ||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 773 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (192) | ||||
Fair Value, ending balance | 581 | ||||
Investment, Identifier [Axis]: OUTERBOX, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 14,625 | [7] | 14,625 | ||
Amount of Interest or Dividends Credited in Income | 1,392 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 14,552 | |||
Gross Additions | 30 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (59) | ||||
Fair Value, ending balance | [7],[10] | 14,523 | |||
Investment, Identifier [Axis]: OUTERBOX, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | 0 | [16] | ||
Amount of Interest or Dividends Credited in Income | 8 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Gross Additions | 5 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (5) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: OUTERBOX, LLC6, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,250 | [19],[28] | 9,750 | [21] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[21] | 9,565 | |||
Fair Value, ending balance | [10],[19],[28] | 9,250 | |||
Investment, Identifier [Axis]: PIPELINE TECHNIQUE LTD., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 1,056 | [15],[19],[28] | 500 | [16],[21] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[21] | 490 | |||
Fair Value, ending balance | [10],[15],[19],[28] | $ 1,056 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., 10,000 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 10,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 1,000 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[15] | 0 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7] | 5,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | 4,900 | |||
Investment, Identifier [Axis]: POOL SERVICE PARTNERS, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[15] | $ 0 | |||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 10,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 1,000 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 1,000 | ||||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | (83) | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 83 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: Pool Service Partners, Inc., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,000 | ||||
Amount of Interest or Dividends Credited in Income | 20 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 4,900 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 4,900 | ||||
Investment, Identifier [Axis]: Pool Service Partners, Inc., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | (20) | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 20 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: RESEARCH NOW GROUP, INC., Second Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 10,500 | $ 10,500 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 6,431 | |||
Fair Value, ending balance | [10] | $ 3,675 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, 250,000 Class B Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 250,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 262 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, 535,714.29 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 535,714.29 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 775 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 535,714.29 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 750 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 21,633 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 21,071 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 13,261 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 13,261 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 12,731 | |||
Investment, Identifier [Axis]: ROOF OPCO, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 1,100 Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 1,100 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 191 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 16,084 Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 16,084 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 867 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, 3,364 Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 3,364 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 787 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 16,084 | 16,084 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 422 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 445 | ||||
Fair Value, ending balance | 867 | ||||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 1,100 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 161 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Class A-2 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 3,364 | |||
Principal Amount - Debt Investments | 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 694 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 93 | ||||
Fair Value, ending balance | 787 | ||||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 14,942 | [7] | 15,051 | ||
Amount of Interest or Dividends Credited in Income | 1,410 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 14,524 | |||
Gross Additions | 19 | ||||
Gross Reductions | (109) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 508 | ||||
Fair Value, ending balance | [7],[10] | 14,942 | |||
Investment, Identifier [Axis]: ROSELAND MANAGEMENT, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 300 | [7],[15] | 575 | [16] | |
Amount of Interest or Dividends Credited in Income | 51 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 555 | |||
Gross Additions | 9 | ||||
Gross Reductions | (275) | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 11 | ||||
Fair Value, ending balance | [7],[10],[15] | 300 | |||
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,959 | 6,166 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 5,364 | |||
Fair Value, ending balance | [10] | 5,780 | |||
Investment, Identifier [Axis]: RTIC SUBSIDIARY HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 219 | [15] | 822 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 715 | |||
Fair Value, ending balance | [10],[15] | $ 212 | |||
Investment, Identifier [Axis]: Roseland Management, LLC, Class A-1 Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 1,100 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 161 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 30 | ||||
Fair Value, ending balance | $ 191 | ||||
Investment, Identifier [Axis]: Roseland Management, LLC, Class A-2 units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 3,364 | ||||
Investment, Identifier [Axis]: SCRIP INC., 100 shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 100 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 751 | |||
Investment, Identifier [Axis]: SCRIP INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 16,624 | $ 16,750 | [23] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[23] | 15,594 | |||
Fair Value, ending balance | [10] | 16,458 | |||
Investment, Identifier [Axis]: SCRIP INC., Shares of common stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 100 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 751 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 1,200,000 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[19],[28],[29] | 1,200,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28],[29] | $ 622 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., 40,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[19],[28] | 40,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[19],[28] | $ 1,461 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[21] | 40,000 | |||
Principal Amount - Debt Investments | [21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[21] | 85 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[21] | 1,200,000 | |||
Principal Amount - Debt Investments | [21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[21] | 2,558 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [21] | 13,643 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[21] | 13,643 | |||
Investment, Identifier [Axis]: SHEARWATER RESEARCH, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16],[21] | 0 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 238,095.24 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 411 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,382 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,040 | |||
Investment, Identifier [Axis]: SIB HOLDINGS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 702 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | $ 681 | |||
Investment, Identifier [Axis]: SONOBI, INC., 500,000 Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 500,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 2,302 | |||
Investment, Identifier [Axis]: SONOBI, INC., Class A Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 500,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,749 | |||
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,123 | 17,839 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 17,839 | |||
Fair Value, ending balance | [10] | 14,911 | |||
Investment, Identifier [Axis]: SOUTH COAST TERMINALS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 194 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 191 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, 1,074,786 Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,074,786 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 810 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,000 | |||
Investment, Identifier [Axis]: SPECTRUM OF HOPE, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 22,244 | $ 22,358 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 21,934 | |||
Fair Value, ending balance | [10] | $ 20,910 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, 750 Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[29] | 750 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Common Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21],[30] | 750 | |||
Principal Amount - Debt Investments | [20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21],[30] | 972 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 6,656 | 7,481 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,481 | |||
Fair Value, ending balance | [10] | 6,656 | |||
Investment, Identifier [Axis]: SPOTLIGHT AR, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, 39,097.96 Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 39,097.96 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, 4,718.62 Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 4,718.62 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 0 | |||
Investment, Identifier [Axis]: STATINMED, LLC, Class A Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 4,718.62 | 4,718.62 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,767 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (3,767) | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: STATINMED, LLC, Class B Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 39,097.96 | 39,097.96 | [17] | ||
Principal Amount - Debt Investments | $ 0 | $ 0 | |||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 0 | |||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: STATINMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 122 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 122 | |||
Investment, Identifier [Axis]: STATINMED, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 7,560 | $ 7,288 | |||
Amount of Interest or Dividends Credited in Income | 276 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 7,288 | |||
Gross Additions | 272 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (1,431) | ||||
Fair Value, ending balance | 6,129 | ||||
Investment, Identifier [Axis]: STATINMED, LLC6, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7],[26] | 7,560 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[26] | 6,129 | |||
Investment, Identifier [Axis]: STATinMED, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | ||||
Amount of Interest or Dividends Credited in Income | 1 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 122 | ||||
Gross Additions | 2 | ||||
Gross Reductions | (124) | ||||
Amount of Realized Gain/(Loss) | 1 | ||||
Amount of Unrealized Gain/(Loss) | (1) | ||||
Fair Value, ending balance | 0 | ||||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 10,502,487.46 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 5,845 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [7] | 9,644 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 8,487 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 10,502,487.46 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14] | 10,502,487.46 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10] | $ 2,659 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER LLC6, 2,000,000.00 Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [7],[14],[18],[19] | 2,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [7],[10],[18],[19] | $ 0 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | $ 8,889 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 8,720 | |||
Investment, Identifier [Axis]: STUDENT RESOURCE CENTER, LLC, Preferred Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 2,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 0 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 7,840 | |||
Investment, Identifier [Axis]: SWENSONS DRIVE-IN RESTAURANTS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [15] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,000 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 9,000 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, First Lien - 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 8,440 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 8,364 | |||
Investment, Identifier [Axis]: SYSTEC CORPORATION, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 1,000 | [15] | $ 1,600 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 1,600 | |||
Fair Value, ending balance | [10],[15] | $ 991 | |||
Investment, Identifier [Axis]: Sonobi, Inc., Class A Common units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 500,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 1,749 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 553 | ||||
Fair Value, ending balance | 2,302 | ||||
Investment, Identifier [Axis]: Student Resource Center LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,644 | ||||
Amount of Interest or Dividends Credited in Income | 590 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 8,720 | ||||
Gross Additions | 776 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (1,009) | ||||
Fair Value, ending balance | $ 8,487 | ||||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 1 | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 10,502,487.46 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 5,845 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | (3,186) | ||||
Fair Value, ending balance | $ 2,659 | ||||
Investment, Identifier [Axis]: Student Resource Center LLC, Preferred units 2 | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | 2,000,000 | ||||
Principal Amount - Debt Investments | $ 0 | ||||
Amount of Interest or Dividends Credited in Income | 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | 0 | ||||
Gross Additions | 0 | ||||
Gross Reductions | 0 | ||||
Amount of Realized Gain/(Loss) | 0 | ||||
Amount of Unrealized Gain/(Loss) | 0 | ||||
Fair Value, ending balance | $ 0 | ||||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, 1,500,000 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19],[29] | 1,500,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19],[29] | $ 12,750 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,500,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 7,833 | |||
Investment, Identifier [Axis]: THE PRODUCTO GROUP, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 17,447 | $ 17,655 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 17,655 | |||
Fair Value, ending balance | [10] | $ 17,430 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), 896.43 Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 896.43 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 856 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Class A units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21],[30] | 896.43 | |||
Principal Amount - Debt Investments | [20],[21],[30] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21],[30] | 1,509 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 5,700 | [25] | 5,775 | [24] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[24] | 5,775 | |||
Fair Value, ending balance | [10],[25] | 5,700 | |||
Investment, Identifier [Axis]: TRAFERA, LLC (FKA TRINITY 3, LLC), Unsecured convertible note | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 75 | [18],[19] | $ 92 | [20],[21] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 92 | |||
Fair Value, ending balance | [10],[18],[19] | $ 75 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 1,000,000 Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 1,137 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,465.87 Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 211,465.87 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 227 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., 211,862.61 Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 211,862.61 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 231 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-3 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,000,000 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 1,354 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-4 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 211,862.61 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 278 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., Class D-5 LP Units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 211,465.87 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | 275 | |||
Investment, Identifier [Axis]: US COURTSCRIPT HOLDINGS, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,800 | 16,800 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 16,800 | |||
Fair Value, ending balance | [10] | 15,800 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,498 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 11,498 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 1 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 11,410 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 11,410 | |||
Investment, Identifier [Axis]: USA DEBUSK, LLC, First Lien 2 | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 1,664 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 1,664 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,400 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 2,357 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,200 | 13,500 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 13,257 | |||
Fair Value, ending balance | [10] | 12,200 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, First Lien - Term Loan B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,200 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | 12,200 | |||
Investment, Identifier [Axis]: VERSICARE MANAGEMENT LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | $ 0 | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 0 | |||
Fair Value, ending balance | [10],[15] | $ 0 | |||
Investment, Identifier [Axis]: VISTAR MEDIA INC., 171,617 shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 171,617 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 8,264 | |||
Investment, Identifier [Axis]: VISTAR MEDIA INC., Shares of Series A preferred stock | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 171,617 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 9,054 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., 1,597,707 Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14],[18],[19] | 1,597,707 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10],[18],[19] | $ 2,972 | |||
Investment, Identifier [Axis]: VTX HOLDINGS, INC., Series A Preferred units | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17],[20],[21] | 1,597,707 | |||
Principal Amount - Debt Investments | [20],[21] | $ 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[20],[21] | $ 2,694 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., 1,000,000 Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [14] | 1,000,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, ending balance | [10] | $ 2,012 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., Class A-1 Preferred Shares | |||||
Schedule of Investments [Line Items] | |||||
Shares (in shares) | [17] | 1,000,000 | |||
Principal Amount - Debt Investments | $ 0 | ||||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 1,205 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 9,308 | 10,588 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 10,588 | |||
Fair Value, ending balance | [10] | 9,308 | |||
Investment, Identifier [Axis]: WALL STREET PREP, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: WELL-FOAM, INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 12,586 | 17,730 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 17,730 | |||
Fair Value, ending balance | [10] | 12,586 | |||
Investment, Identifier [Axis]: WELL-FOAM, INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 0 | [15] | 0 | [16] | |
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10],[15] | 0 | |||
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Delayed Draw Term Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | [16] | 0 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 22,734 | 20,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 20,000 | |||
Fair Value, ending balance | [10] | 22,552 | |||
Investment, Identifier [Axis]: WINTER SERVICES OPERATIONS, LLC, Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 4,444 | 0 | [16] | ||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3],[16] | 0 | |||
Fair Value, ending balance | [10] | 4,409 | |||
Investment, Identifier [Axis]: ZENFOLIO INC., First Lien | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 18,792 | 18,913 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 18,478 | |||
Fair Value, ending balance | [10] | 18,604 | |||
Investment, Identifier [Axis]: ZENFOLIO INC., Revolving Loan | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 2,000 | 2,000 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 1,954 | |||
Fair Value, ending balance | [10] | 1,980 | |||
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - A | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 15,708 | 15,840 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 15,634 | |||
Fair Value, ending balance | [10] | 15,645 | |||
Investment, Identifier [Axis]: ZIPS CAR WASH, LLC, Delayed Draw Term Loan - B | |||||
Schedule of Investments [Line Items] | |||||
Principal Amount - Debt Investments | 3,937 | $ 3,970 | |||
Investments in and Advances to Affiliates, at Fair Value [Roll Forward] | |||||
Fair Value, beginning balance | [3] | 3,919 | |||
Fair Value, ending balance | [10] | $ 3,922 | |||
[1] Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the Board of Directors, using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements to our audited consolidated financial statements for further discussion. All portfolio company headquarters are based in the United States, unless otherwise noted. Equity ownership may be held in shares or units of a company that is either wholly owned by the portfolio company or under common control by the same parent company to the portfolio company. Non-Control/Non-Affiliate investments are generally defined by the 1940 Act, as investments that are neither control investments nor affiliate investments. At December 31, 2023, the Company held $1,124.9 million of non-control/non-affiliate investments, which represented approximately 82.4% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 156.0%. Affiliate investments are generally defined by the 1940 Act as investments in which between 5% and 25% of the voting securities are owned and the investments are not classified as control investments. At December 31, 2023, the Company held $186.0 million of affiliate investments, which represented approximately 13.6% of the Company’s investment assets. The fair value of these investments as a percent of net assets is 25.8%. All debt investments are income-producing, unless otherwise noted. Equity investments are non-income producing, unless otherwise noted. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At December 31, 2023, the Company held $54.2 million of control investments, which represented approximately 4.0% of the Company’s investment assets were . The fair value of these investments as a percent of net assets is 7.5%. The Company's investment portfolio is comprised entirely of debt and equity securities of privately held companies for which quoted prices falling within the categories of Level 1 and Level 2 inputs are not readily available. Therefore, the Company values all of its portfolio investments at fair value, as determined in good faith by the valuation committee comprised of certain officers of the Company (the "Valuation Committee") as the valuation designee of the Board of Directors (the "Valuation Designee") pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the “1940 Act”), using significant unobservable Level 3 inputs. Refer to Note 4 - Fair Value Measurements for further discussion. Control investments are generally defined by the 1940 Act as investments in which more than 25% of the voting securities are owned. At March 31, 2023, approximately 4.2% of the Company’s investment assets were control investments. The fair value of these investments as a percent of net assets is 8.7%. The investment is structured as a first lien first out term loan. The investment is structured as a first lien first out term loan. All of the Company’s investments and the investments of SBIC I (as defined below), unless otherwise noted, are pledged as collateral for the Company’s senior secured credit facility or in support of the SBA-guaranteed debentures to be issued by Capital Southwest SBIC I, LP, the Company's wholly-owned subsidiary that operates as a small business investment company ("SBIC I"), respectively. The investment has an unfunded commitment as of December 31, 2023. Refer to Note 10 - Commitments and Contingencies for further discussion. The investment has an unfunded commitment as of March 31, 2023. Refer to Note 11 - Commitments and Contingencies to our audited consolidated financial statements for further discussion. All of the Company’s investments and the investments of SBIC I (as defined below), unless otherwise noted, are pledged as collateral for the Company’s senior secured credit facility or in support of the SBA-guaranteed debentures to be issued by Capital Southwest SBIC I, LP, our wholly-owned subsidiary that operates as a small business investment company ("SBIC I"), respectively. Investment is held through a wholly-owned taxable subsidiary. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of December 31, 2023, approximately 14.5% of the Company's total assets (at fair value) were non-qualifying assets. Investment is held through a wholly-owned taxable subsidiary. Indicates assets that are not considered "qualifying assets" under Section 55(a) of the 1940 Act. Qualifying assets must represent at least 70% of total assets at the time of acquisition of any additional non-qualifying assets. As of March 31, 2023, approximately 13.9% of the Company's assets were non-qualifying assets. The investment is structured as a first lien last out term loan. The investment is structured as a first lien last out term loan. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. The investment is structured as a split lien term loan, which provides the Company with a first lien priority on certain assets of the obligor and a second lien priority on different assets of the obligor. Investment is on non-accrual status as of December 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Investment is on non-accrual status as of March 31, 2023, meaning the Company has ceased to recognize interest income on the investment. Portfolio company headquarters are located outside of the United States. Income producing through dividends or distributions. Income producing through dividends or distributions. |