Investments (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Investments [Abstract]

Schedule of Investments

At September 30, 2025, the Company's investments consisted of the following:

Investment Cost and Fair Value by Type

	Cost		Fair Value
First lien	$	409,894	$	408,665
Second lien	17,073		17,004
Subordinated	1,932		1,985
Structured finance obligations	472		476
Equity and other	4,275		4,283
Total investments	$	433,646	$	432,413

Investment Cost and Fair Value by Industry

	Cost		Fair Value
Software	$	194,193	$	194,067
Business Services	124,224		124,707
Financial Services	35,702		35,852
Healthcare	33,248		33,352
Education	17,106		16,041
Consumer Services	15,610		15,530
Business Products	4,061		4,203
Packaging	4,919		4,075
Food & Beverage	3,352		3,351
Distribution & Logistics	759		759
Investment Fund	472		476
Total investments	$	433,646	$	432,413

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.