Investments (Tables)

3 Months Ended

Mar. 31, 2024

Investments, All Other Investments [Abstract]

Schedule of Transactions Related to Company's Affiliate and Control Investments

The Company’s affiliate and control investments as of March 31, 2024, along with the transactions during the three months ended March 31, 2024, are as follows (in thousands):

				For the Three Months Ended March 31, 2024
				Investment Income Earned 2024		Fair Value as of December 31, 2023		Gross Additions(1)		Gross Reductions(2)		Net Realized Gain (Loss)		Net Change in Unrealized Gain (Loss)			Fair Value as of March 31, 2024(3)
Portfolio Company		Investment Type	Investment Description
Affiliate Investments
	Debt Investments
	Gynesonics, Inc.	Senior Secured	SOFR+8.75%, 8.00% ceiling, 5.00% ETP, due 11/30/2026	$	599	$	23,586	$	81	$	—	$	—	$	(11	)	$	23,656
	Total Debt Investments				599		23,586		81		—		—		(11	)		23,656
	Equity Investments
	Coginiti Corp	Equity	Common Stock		—		856		—		—		—		(732	)		124
	Gynesonics, Inc.	Equity	Series A-2 Preferred Stock		—		21,461		—		—		—		(215	)		21,246
		Equity	Series A-1 Preferred Stock		—		4,577		—		—		—		(37	)		4,540
	Total Equity Investments				—		26,894		—		—		—		(984	)		25,910
	Warrants
	Coginiti Corp	Warrants	Common Stock		—		663		—		—		—		(568	)		95
	Gynesonics, Inc.	Warrants	Success fee		—		313		—		—		—		11			324
	Total Warrants				—		976		—		—		—		(557	)		419
Total Affiliate Investments				$	599	$	51,456	$	81	$	—	$	—	$	(1,552	)	$	49,985
Control Investments
	Equity Investments
	Pivot3, Inc.	Equity	Equity Interest		—		950		—		—		—		—			950
	Total Equity Investments				—		950		—		—		—		—			950
Total Control Investments				$	—	$	950	$	—	$	—	$	—	$	—		$	950

(1)Gross additions include increases in the basis of investments resulting from new portfolio investments, PIK interest, accretion of original issue discount (“OID”), the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this category from a different category.

(2)Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company out of this category into a different category.

(3)All investments in the portfolio companies, which as of March 31, 2024, represented 9.62% of the Company’s net assets, may be deemed to be restricted securities under the Securities Act, and were valued at fair value as determined in good faith by the Company’s Board of Directors.

The Company’s affiliate and control investments as of December 31, 2023, along with the transactions during the year ended December 31, 2023, are as follows (in thousands):

				For the Year Ended December 31, 2023
				Investment Income Earned 2023		Fair Value as of December 31, 2022		Gross Additions(1)		Gross Reductions(2)			Net Realized Gain (Loss)			Net Change in Unrealized Gain (Loss)			Fair Value as of December 31, 2023(3)
Portfolio Company		Investment Type	Investment Description
Affiliate Investments
	Debt Investments
	Gynesonics, Inc.	Senior Secured	SOFR+8.75%, 8.00% ceiling, 5.00% ETP, due 11/30/2026	$	2,105	$	—	$	25,897	$	—		$	—		$	(2,311	)	$	23,586
	Total Debt Investments				2,105		—		25,897		—			—			(2,311	)		23,586
	Equity Investments
	Coginiti Corp	Equity	Common Stock		—		1,174		—		—			—			(318	)		856
	Gynesonics, Inc.	Equity	Series A-2 Preferred Stock		—		—		25,000		—			—			(3,539	)		21,461
		Equity	Series A-1 Preferred Stock		—		—		3,100		—			—			1,477			4,577
	Total Equity Investments				—		1,174		28,100		—			—			(2,380	)		26,894
	Warrants
	Coginiti Corp	Warrants	Common Stock		—		910		—		—			—			(247	)		663
	Gynesonics, Inc.	Warrants	Success fee		—		—		313		—			—			—			313
	Total Warrants				—		910		313		—			—			(247	)		976
Total Affiliate Investments				$	2,105	$	2,084	$	54,310	$	—		$	—		$	(4,938	)	$	51,456
Control Investments
	Debt Investments
	Pivot3, Inc.	Senior Secured	LIBOR+8.50% PIK, 11.00% floor, 4.00% ETP, due 10/15/2023		—		9,290		—		(2,158	)		(17,014	)		9,882			—
	Total Debt Investments				—		9,290		—		(2,158	)		(17,014	)		9,882			—
	Equity Investments
	Pivot3, Inc.	Equity	Equity Interest		—		—		950		—			—			—			950
	Total Equity Investments				—		—		950		—			—			—			950
Total Control Investments				$	—	$	9,290	$	950	$	(2,158	)	$	(17,014	)	$	9,882		$	950

(1)Gross additions include increases in the basis of investments resulting from new portfolio investments, PIK interest, accretion of original issue discount (“OID”), the exchange of one or more existing investments for one or more new investments and the movement of an existing portfolio company into this category from a different category.

(2)Gross reductions include decreases in the basis of investments resulting from principal collections related to investment repayments or sales, the exchange of one or more existing Investments for one or more new investments and the movement of an existing portfolio company out of this category into a different category.

(3)All investments in the portfolio company, which as of December 31, 2023, represented 9.58% of the Company’s net assets, may be deemed to be restricted securities under the Securities Act, and were valued at fair value as determined in good faith by the Company’s Board of Directors.

Schedule of Fair Value of Portfolio of Investments by Geographic Region and Industry

The following tables show the fair value of the Company's portfolio of investments by geographic region and industry as of March 31, 2024 and December 31, 2023:

	March 31, 2024					December 31, 2023
Geographic Region	Investments at Fair Value		Percentage of Net Assets			Investments at Fair Value		Percentage of Net Assets
United States
Western United States	$	408,853		77.22	%	$	404,541		73.94	%
Northeastern United States		211,643		39.97			239,444		43.77
Midwestern United States		131,701		24.87			130,784		23.91
South Central United States		88,494		16.72			87,814		16.05
Northwestern United States		25,131		4.75			25,514		4.66
Southeastern United States		20,504		3.88			820		0.15
Total United States		886,326		167.41			888,917		162.48
United Kingdom		77,364		14.61			76,839		14.05
Germany		38,020		7.18			44,587		8.15
Canada		14,622		2.76			14,667		2.68
Total	$	1,016,332		191.96	%	$	1,025,010		187.36	%

	March 31, 2024					December 31, 2023
Industry	Investments at Fair Value		Percentage of Net Assets			Investments at Fair Value		Percentage of Net Assets
Health Care Technology	$	181,200		34.22	%		182,200		33.30	%
Application Software		174,042		32.87			200,645		36.67
Internet Software and Services		118,927		22.47			98,462		18.00
System Software		114,142		21.56			113,517		20.74
Human Resource & Employment Services		113,791		21.49			114,602		20.95
Data Processing & Outsourced Services		105,932		20.00			106,785		19.52
Property & Casualty Insurance		76,015		14.36			75,205		13.75
Internet & Direct Marketing Retail		54,168		10.23			55,588		10.16
Electronic Equipment & Instruments		27,439		5.18			27,535		5.04
Education Services		25,798		4.87			25,796		4.72
Health Care Equipment		15,587		2.94			15,524		2.83
Asset Management & Custody Banks		8,085		1.53			8,021		1.47
Technology Hardware, Storage & Peripherals		637		0.13			570		0.10
Specialized Consumer Services		365		0.07			373		0.07
Advertising		136		0.03			136		0.03
Biotechnology		68		0.01			51		0.01
Total	$	1,016,332		191.96	%	$	1,025,010		187.36	%