Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES

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CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
ASSETS    
Investments, at fair value $ 749,985 $ 704,815 [1]
Cash and cash equivalents 1,498 1,306
Restricted cash and cash equivalents 95 95
Interest receivable, net 6,158 6,100
Due from administrative agent 4,184 2,936
Deferred financing costs, net 1,220 1,335
Other assets, net 3,417 2,911
TOTAL ASSETS 766,557 719,498
LIABILITIES    
Line of credit at fair value (Cost of $85,000 and $47,800, respectively) 85,000 47,800
Notes payable, net of unamortized deferred financing costs of $3,641 and $3,886, respectively 253,359 253,114
Accounts payable and accrued expenses 1,065 1,006
Interest payable 4,323 2,956
Other liabilities 1,315 1,576
TOTAL LIABILITIES 348,629 310,803
Commitments and contingencies [2]
NET ASSETS    
Common stock, $0.001 par value per share, 44,000,000 and 44,000,000 shares authorized, respectively, and 43,508,897 and 43,508,897 shares issued and outstanding, respectively 44 44
Capital in excess of par value 481,480 481,480
Cumulative net unrealized appreciation (depreciation) of investments (9,649) (17,454)
Under (over) distributed net investment income 5,907 4,741
Accumulated net realized losses (59,854) (60,116)
Total distributable loss (63,596) (72,829)
TOTAL NET ASSETS $ 417,928 $ 408,695
NET ASSET VALUE PER SHARE (in USD per share) $ 9.61 $ 9.39
Related Party    
LIABILITIES    
Fees due to related party $ 3,567 $ 4,351
Adviser | Related Party    
LIABILITIES    
Fees due to related party [3] 2,995 3,872
Administrator | Related Party    
LIABILITIES    
Fees due to related party [3] 572 479
Non-Control/Non-Affiliate investments    
ASSETS    
Investments, at fair value 708,506 [4] 663,544 [5]
Affiliate investments    
ASSETS    
Investments, at fair value 10,716 [6] 10,421 [7]
Control investments    
ASSETS    
Investments, at fair value $ 30,763 [8] $ 30,850 [9]
[1] Investment was exited subsequent to December 31, 2023. Refer to Note 12 – Subsequent Events in the accompanying Notes to the Consolidated Financial Statements for additional information.
[2] Refer to Note 10—Commitments and Contingencies in the accompanying Notes to Consolidated Financial Statements for additional information.
[3] Refer to Note 4—Related Party Transactions in the accompanying Notes to Consolidated Financial Statements for additional information.
[4] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[5] Non-Control/Non-Affiliate investments, as defined by the 1940 Act, are those that are neither Control nor Affiliate investments and in which we own less than 5.0% of the issued and outstanding voting securities.
[6] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[7] Affiliate investments, as defined by the 1940 Act, are those in which we own, with the power to vote, between and inclusive of 5.0% and 25.0% of the issued and outstanding voting securities.
[8] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.
[9] Control investments, as defined by the 1940 Act, are those where we have the power to exercise a controlling influence over the management or policies of the portfolio company, which may include owning, with the power to vote, more than 25.0% of the issued and outstanding voting securities.