Makes loans and other debt investments in U.S. middle-market companies, with a smaller share of its portfolio in equity investments.
10-K for FY2025, filed Mar 3, 2026
The company earns interest from loans and debt investments, generally through regular interest payments; some interest is added to principal and comes due at maturity or liquidation. It also earns dividends from equity investments and occasional fees when an investment closes.
10-K for FY2025, filed Mar 3, 2026Our investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities…View ↗
Interest income is recorded on the accrual basis and includes accretion and amortization of discounts or premiums. Certain investments may…View ↗
Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the…View ↗
From time to time, the Company may receive fees for services provided to portfolio companies. These fees are generally only available to…View ↗
$1.6B
10-K for FY2025, filed Mar 3, 2026
$1.6B ↗
Its borrowers are mainly U.S. middle-market companies, both private-equity-sponsored and independent. It makes loans directly and also invests in broadly syndicated loans.
10-K for FY2025, filed Mar 3, 2026Our investment objective is to generate current income and, to a lesser extent, capital appreciation by targeting investment opportunities…View ↗
Yes. It kept 81 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 3, 2026
$1.3BView ↗
Growing. Revenue grew 51.8x in 4 years, from $31.4M in FY2021 to $1.6B in FY2025, about 168% a year.
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