XML 34 R23.htm IDEA: XBRL DOCUMENT v3.24.3
Schedule of Investments in and Advances to Affiliates
 6 Months Ended
Sep. 30, 2024
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 CompanyType of Investment (1)Industry September 30, 2024 Principal Amount - Debt InvestmentsAmount of Interest or Dividends Credited in Income (2)Fair Value at March 31, 2024Gross Additions (3)Gross Reductions (4)Amount of Realized Gain/(Loss) (5)Amount of Unrealized Gain/(Loss)Fair Value at September 30, 2024
Control Investments
Brandner Design, LLCRevolving LoanBuilding & Infrastructure Products$— $4 $— $(13)$— $— $13 $— 
First Lien8,750 638 — 8,627 — — (8)8,619 
27,000 Class A Units
— — — — — — 757 757 
Total Control Investments$8,750 $642 $— $8,614 $— $— $762 $9,376 
Affiliate Investments
Air Conditioning Specialist, Inc.Revolving LoanConsumer Services$825 $60 $825 $2 $— $— $(6)$821 
First Lien26,787 1,768 24,407 2,549 (130)— (147)26,679 
Delayed Draw Term Loan— 2 — — — — — — 
1,006,045.85 Preferred Units
— — 3,319 — — — — 3,319 
ArborWorks, LLCRevolving LoanEnvironmental Services1,694 124 1,569 125 — — — 1,694 
First Lien3,319 196 3,123 196 — — — 3,319 
100 Class A Units
— — 5 — — — (1)4 
13,898.32 Class A-1 Preferred Units
— — 3,170 — — — (759)2,411 
13,898.32 Class B-1 Preferred Units
— — — — — — — — 
1,666.67 Class A-1 Common Units
— — — — — — — — 
Catbird NYC, LLCRevolving LoanSpecialty Retail1,500 55 — 2,008 (500)— (8)1,500 
First Lien14,900 979 15,100 32 (200)— (32)14,900 
1,000,000 Class A Units
— 9 1,781 — — — (147)1,634 
500,000 Class B Units
— 4 757 — — — (45)712 
Portfolio CompanyType of Investment (1)Industry September 30, 2024 Principal Amount - Debt InvestmentsAmount of Interest or Dividends Credited in Income (2)Fair Value at March 31, 2024Gross Additions (3)Gross Reductions (4)Amount of Realized Gain/(Loss) (5)Amount of Unrealized Gain/(Loss)Fair Value at September 30, 2024
Central Medical Supply LLCRevolving LoanHealthcare Equipment & Supplies1,200 69 700 483 — — 17 1,200 
First Lien16,290 535 7,540 8,680 — — 70 16,290 
Delayed Draw Term Loan101 13 101 3 — — (3)101 
2,620,670 Preferred Units
— — 1,360 — — — 781 2,141 
Command Group Acquisition, LLCFirst LienHealthcare Equipment & Supplies6,000 415 5,882 9 — — (83)5,808 
1,250,000 Preferred Units
— — 1,250 — — — (390)860 
Dynamic Communities, LLCFirst Lien - Term Loan ABusiness Services4,504 247 4,249 255 — — — 4,504 
First Lien - Term Loan B4,665 297 4,359 306 — — — 4,665 
250,000 Class A Preferred units
— — 317 — — — — 317 
5,435,211.03 Class B Preferred units
— — — — — — — — 
255,984.22 Class C Preferred units
— — — — — — — — 
2,500,000 Common units
— — — — — — — — 
GPT Industries, LLCRevolving LoanIndustrial Products— 14 — 6 — — (6)— 
First lien5,935 412 6,004 10 (69)— (10)5,935 
1,000,000 Class A Preferred Units
— — 2,064 — — — 270 2,334 
GrammaTech, Inc.Revolving LoanSoftware & IT Services— 4 — 4 — — (4)— 
First Lien1,000 78 1,000 2 — — (2)1,000 
1,000 Class A units
— — — — — — — — 
360.06 Class A-1 units
— — — — — — — — 
Portfolio CompanyType of Investment (1)Industry September 30, 2024 Principal Amount - Debt InvestmentsAmount of Interest or Dividends Credited in Income (2)Fair Value at March 31, 2024Gross Additions (3)Gross Reductions (4)Amount of Realized Gain/(Loss) (5)Amount of Unrealized Gain/(Loss)Fair Value at September 30, 2024
ITA Holdings Group, LLCRevolving LoanTransportation & Logistics3,525 317 2,468 1,758 (705)— 4 3,525 
First Lien - Term Loan13,277 1,236 13,038 458 — — (219)13,277 
First Lien - Term Loan B13,277 1,364 13,038 452 — — (213)13,277 
Delayed Draw Term Loan - A1,484 92 1,058 424 — — 2 1,484 
Delayed Draw Term Loan - B1,484 104 1,058 424 — — 2 1,484 
Warrants— — 4,005 — — — 2,229 6,234 
Warrants— — 3,869 — — — 1,936 5,805 
9.25% Class A membership interest
— 38 2,374 — — — 1,661 4,035 
Lighting Retrofit International, LLC (DBA Envocore)Revolving LoanEnvironmental Services729 32 714 469 (469)— — 714 
First Lien5,065 194 4,984 — (26)— 1 4,959 
Second Lien5,208 — 4,917 — — — — 4,917 
208,333.3333 Series A Preferred units
— — — — — — — — 
203,124.9999 Common units
— — — — — — — — 
Outerbox, LLCRevolving LoanMedia & Marketing— 2 — 1 — 18 (19)— 
First Lien— 350 14,522 8 (14,625)149 (54)— 
11,008.6744 Class A common units
— — 581 — (581)— — — 
Pool Service Partners, Inc.Revolving LoanConsumer Services— 22 980 2 (1,000)— 18 — 
First Lien5,000 308 4,900 8 — — 92 5,000 
Delayed Draw Term Loan3,100 98 588 2,496 — — 16 3,100 
10,000 Common units
— — 1,384 — — — (204)1,180 
Portfolio CompanyType of Investment (1)Industry September 30, 2024 Principal Amount - Debt InvestmentsAmount of Interest or Dividends Credited in Income (2)Fair Value at March 31, 2024Gross Additions (3)Gross Reductions (4)Amount of Realized Gain/(Loss) (5)Amount of Unrealized Gain/(Loss)Fair Value at September 30, 2024
Roseland Management, LLCRevolving LoanHealthcare Services— — — (5)— — 5 — 
First Lien14,833 955 14,906 14 (73)— (14)14,833 
3,364 Class A-2 Units
— — 762 — — — 69 831 
1,100 Class A-1 units
— — 183 — — — 23 206 
16,084 Class A units
— — 747 — — — 331 1,078 
Sonobi, Inc.
500,000 Class A Common units
Media & Marketing— — 1,958 — — — (1,958)— 
STATinMED, LLCFirst LienPharmaceuticals, Biotechnology & Life Sciences7,560 — 4,914 — — — (3,780)1,134 
4,718.62 Class A Preferred Units
— — — — — — — — 
39,097.96 Class B Preferred Units
— — — — — — — — 
Student Resource Center LLCFirst LienEducation9,644 — 3,376 — — — 385 3,761 
355,555.56 Senior Preferred units
— — — 356 — — (356)— 
10,502,487.46 Preferred units
— — — — — — — — 
2,000,000 Preferred units
— — — — — — — — 
TalkNY Management Holdings, LLCFirst LienHealthcare Services7,500 285 — 7,392 — — (4)7,388 
1,500,000 Class A-1 Preferred Units
— — — 1,500 — — — 1,500 
Total Affiliate Investments$180,406 $10,678 $190,206 $30,427 $(18,378)$167 $(552)$201,870 
Total Control & Affiliate Investments$189,156 $11,320 $190,206 $39,041 $(18,378)$167 $210 $211,246 
(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.