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

Consolidated Balance Sheets (Parenthetical)

v3.25.4
Consolidated Balance Sheets (Parenthetical) - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Investment, cost $ 1,259,923,000 [1],[2],[3] $ 1,138,745,000 [4],[5],[6]
Deferred financing costs, accumulated amortization $ 7,259,000 $ 6,449,000
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 450,000,000 450,000,000
Common stock, shares outstanding (in shares) 46,588,608 40,240,358
Common stock, shares issued (in shares) 46,588,608 40,240,358
Series A Notes | Unsecured Debt    
Debt instrument, par value $ 150,000,000 $ 150,000,000
Control investments    
Investment, cost 52,550,000 [3],[7] 54,560,000 [6],[8]
Affiliate investments    
Investment, cost 322,074,000 [3],[9] 284,211,000 [6],[10]
Non‑Control/Non‑Affiliate investments    
Investment, cost $ 885,299,000 [3],[11] $ 799,974,000 [6],[12]
[1] All portfolio company headquarters are based in the U.S., unless otherwise noted.
[2] All investments are LMM (as defined below) portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of LMM portfolio investments. All of the Fund’s investments, unless otherwise noted, are encumbered as security for one of the Fund’s Credit Facilities (as defined below).
[3] Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[4] All portfolio company headquarters are based in the U.S., unless otherwise noted.
[5] All investments are LMM portfolio investments, unless otherwise noted. See Note C — Fair Value Hierarchy for Investments — Portfolio Composition for a description of LMM portfolio investments. All of the Fund’s investments, unless otherwise noted, are encumbered as security for one of the Fund’s Credit Facilities.
[6] Principal is net of repayments. Cost is net of repayments and accumulated unearned income. Negative cost is the result of the capitalized discount being greater than the principal amount outstanding on the loan.
[7] “Control” investments are defined by the 1940 Act (as defined below) as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[8] “Control” investments are defined by the 1940 Act as investments in which more than 25% of the voting securities are owned or where the ability to nominate greater than 50% of the board representation is maintained.
[9] “Affiliate” investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[10] “Affiliate” investments are defined by the 1940 Act as investments in which between 5% and 25% (inclusive) of the voting securities are owned and the investments are not classified as Control investments.
[11] “Non-Control/Non-Affiliate” investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.
[12] “Non-Control/Non-Affiliate” investments are defined by the 1940 Act as investments that are neither Control investments nor Affiliate investments.