Investments (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of Investments [Abstract]

Schedule of Investments

At March 31, 2025, the Company's investments consisted of the following:

Investment Cost and Fair Value by Type

	Cost		Fair Value
First lien	$	372,740	$	373,863
Second lien	9,902		10,004
Subordinated	1,799		1,830
Structured finance obligations	472		472
Equity and other	4,219		4,219
Total investments	$	389,132	$	390,388

Investment Cost and Fair Value by Industry

	Cost		Fair Value
Software	$	184,773	$	185,186
Business Services	99,460		99,794
Healthcare	38,321		38,463
Financial Services	23,401		23,434
Education	15,190		15,190
Consumer Services	13,390		13,398
Food & Beverage	9,181		9,923
Packaging	4,944		4,528
Investment Fund	472		472
Total investments	$	389,132	$	390,388

At December 31, 2024, the Company's investments consisted of the following:

Investment Cost and Fair Value by Type

	Cost		Fair Value
First lien	$	359,930	$	361,945
Second lien	9,337		9,417
Subordinated	1,737		1,741
Structured finance obligations	472		472
Equity and other	4,219		4,219
Total investments	$	375,695	$	377,794

Investment Cost and Fair Value by Industry

	Cost		Fair Value
Software	$	177,698	$	178,395
Business Services	102,830		103,117
Healthcare	32,558		32,706
Financial Services	21,538		21,570
Education	14,646		14,741
Consumer Services	11,870		11,933
Food & Beverage	9,127		9,947
Packaging	4,956		4,913
Investment Fund	472		472
Total investments	$	375,695	$	377,794

For discussion of the Company's unfunded commitments, see Note 8. Commitments and Contingencies.