Net Assets (Table)

9 Months Ended

Sep. 30, 2022

Equity [Abstract]

Summary of Capital Activity

The following table summarizes capital activity during the three months ended September 30, 2022:

	Common Stock				Treasury Stock						Additional		Distributable			Total
	Shares		Amount		Shares			Amount			Paid-in Capital		(Losses) Earnings			Net Assets
Balance, beginning of period		41,380,614	$	413,806		(413,492	)	$	(5,279,237	)	$	606,063,671	$	(21,786,236	)	$	579,412,004
Issuance of common stock		—		—		—			—			—		—			—
Reinvestment of dividends		—		—		—			—			—		—			—
Acquisition of treasury shares		—		—		(331,264	)		(4,022,696	)		—		—			(4,022,696	)
Offering costs		—		—		—			—			—		—			—
Net investment income		—		—		—			—			—		14,496,949			14,496,949
Net realized gain (loss) on investments		—		—		—			—			—		406,917			406,917
Net change in unrealized appreciation (depreciation) on investments		—		—		—			—			—		(3,182,093	)		(3,182,093	)
Dividends declared		—		—		—			—			—		(13,450,710	)		(13,450,710	)
Tax reconciliation of stockholders' equity in accordance with US GAAP		—		—		—			—			—		—			—
Balance, end of period		41,380,614	$	413,806		(744,756	)	$	(9,301,933	)	$	606,063,671	$	(23,515,173	)	$	573,660,371

The following table summarizes capital activity during the nine months ended September 30, 2022:

	Common Stock				Treasury Stock						Additional		Distributable			Total
	Shares		Amount		Shares			Amount			Paid-in Capital		(Losses) Earnings			Net Assets
Balance, beginning of period		41,380,614	$	413,806		—		$	—		$	606,047,671	$	(266,986	)	$	606,194,491
Issuance of common stock		—		—		—			—			—		—			—
Reinvestment of dividends		—		—		—			—			—		—			—
Acquisition of treasury shares		—		—		(744,756	)		(9,301,933	)		—		—			(9,301,933	)
Offering costs		—		—		—			—			16,000		—			16,000
Net investment income		—		—		—			—			—		41,435,416			41,435,416
Net realized gain (loss) on investments		—		—		—			—			—		939,377			939,377
Net change in unrealized appreciation (depreciation) on investments		—		—		—			—			—		(28,617,263	)		(28,617,263	)
Dividends declared		—		—		—			—			—		(37,005,717	)		(37,005,717	)
Tax reconciliation of stockholders' equity in accordance with US GAAP		—		—		—			—			—		—			—
Balance, end of period		41,380,614	$	413,806		(744,756	)	$	(9,301,933	)	$	606,063,671	$	(23,515,173	)	$	573,660,371

The following table summarizes capital activity during the three months ended September 30, 2021:

	Common Stock				Additional			Distributable			Total
	Shares		Amount		Paid-in Capital			(Losses) Earnings			Net Assets
Balance, beginning of period		32,690,454	$	326,904	$	485,755,211		$	(8,343,018	)	$	477,739,097
Issuance of common stock		1,265,128		12,651		18,964,266			—			18,976,917
Reinvestment of dividends		575,032		5,751		8,395,464			—			8,401,215
Offering costs		—		—		(32,542	)		—			(32,542	)
Net investment income		—		—		—			10,741,124			10,741,124
Net realized gain (loss) on investments		—		—		—			718,310			718,310
Net change in unrealized appreciation (depreciation) on investments		—		—		—			(1,228,382	)		(1,228,382	)
Dividends declared		—		—		—			(11,114,754	)		(11,114,754	)
Tax reconciliation of stockholders' equity in accordance with U.S. GAAP		—		—		—			—			—
Balance, end of period		34,530,614	$	345,306	$	513,082,399		$	(9,226,720	)	$	504,200,985

The following table summarizes capital activity during the nine months ended September 30, 2021:

	Common Stock				Additional			Distributable			Total
	Shares		Amount		Paid-in Capital			(Losses) Earnings			Net Assets
Balance, beginning of period		31,414,051	$	314,140	$	466,872,304		$	(942,759	)	$	466,243,685
Issuance of common stock		1,285,589		12,856		19,270,972			—			19,283,828
Reinvestment of dividends		1,830,974		18,310		26,976,496			—			26,994,806
Offering costs		—		—		(37,373	)		—			(37,373	)
Net investment income		—		—		—			33,563,330			33,563,330
Net realized gain (loss) on investments		—		—		—			(4,076,766	)		(4,076,766	)
Net change in unrealized appreciation (depreciation) on investments		—		—		—			(3,172,841	)		(3,172,841	)
Dividends declared		—		—		—			(34,597,684	)		(34,597,684	)
Tax reconciliation of stockholders' equity in accordance with U.S. GAAP		—		—		—			—			—
Balance, end of period		34,530,614	$	345,306	$	513,082,399		$	(9,226,720	)	$	504,200,985

Summary of Common Stock Issued, Price Per Share and Proceeds Raised

The shares of common stock issued, the price per share and the proceeds raised, from inception through September 30, 2022, are detailed in the following table:

Issuance Date	Shares Issued			Price per Share			Gross Proceeds
October 8, 2015		1,667	$		15.00	$		25,000
December 22, 2016		333,333			15.00			5,000,000
April 19, 2017		1,000,000			15.00			15,000,000
June 26, 2017		1,666,667			15.00			25,000,000
September 12, 2017		2,666,667			15.00			40,000,000
December 22, 2017		3,000,000			15.00			45,000,000
May 31, 2018(1)		70,563			14.82			1,045,570
August 31, 2018(1)		117,582			14.92			1,754,244
September 27, 2018		1,997,337			15.02			30,000,000
November 15, 2018(1)		202,779			15.07			3,055,498
January 14, 2019		4,344,964			15.19			66,000,000
March 26, 2019(1)		326,431			15.14			4,942,168
May 21, 2019(1)		374,783			15.13			5,670,467
May 24, 2019		3,232,189			15.16			49,000,000
July 16, 2019(1)		464,986			15.13			7,035,236
August 26, 2019(1)		480,121			14.76			7,088,143
October 15, 2019		1,666,667			15.00			25,000,000
November 12, 2019(1)		43,979			14.76			649,123
December 20, 2019		3,333,333			15.00			50,000,000
December 23, 2019(1)		487,166			14.52			7,073,650
March 20, 2020(1)		575,132			14.58			8,385,423
March 31, 2020		21,021			15.00			315,308
May 20, 2020(1)		529,020			14.25			7,538,541
August 6, 2020(1)		550,639			14.41			7,934,712
October 15, 2020		3,333,333			15.00			50,000,000
November 12, 2020(1)		593,692			14.46			8,584,772
March 19, 2021(1)		618,815			14.84			9,183,220
March 24, 2021		20,461			15.00			306,911
May 13, 2021(1)		637,127			14.77			9,410,371
August 12, 2021(1)		575,032			14.61			8,401,215
September 29, 2021		1,265,128			15.00			18,976,917
October 25, 2021		6,850,000			14.60			100,010,000
Total		41,380,614				$		617,386,489

(1) Shares were issued as part of the dividend reinvestment plan.