Provides customized private financing, mainly secured loans, to larger companies in North America and Europe, and offers fund shares to investors.
10-K for FY2025, filed Mar 12, 2026The Company’s investment objective is to generate attractive risk-adjusted returns predominately in the form of current income, with select…View ↗
The Company seeks to capitalize on the deep expertise and extensive relationships with management teams and key market participants that…View ↗
We are currently offering on a continuous basis up to $2.5 billion of common shares of beneficial interest pursuant to an offering…View ↗
The fund earns interest and fees from debt investments, receives dividends from preferred shares, and may make gains when investments are sold. Borrowers generally pay interest quarterly or semiannually; some interest is added to loan principal and becomes due at maturity.
10-K for FY2025, filed Mar 12, 2026We generate revenue in the form of interest and fee income on debt investments, capital gains, and dividend income from our preferred…View ↗
Investment transactions and the related revenue and expenses are recorded on a trade-date basis. Realized gains or losses are recorded upon…View ↗
In the general course of its business, the Company receives certain fees from portfolio companies, which are non-recurring in nature. Such…View ↗
Certain investments may have contractual payment-in-kind (“PIK”) interest. PIK represents accrued interest that is added to the principal…View ↗
$243.4M
10-K for FY2025, filed Mar 12, 2026
$243.4M ↗
Larger companies receive customized private financing, primarily through directly originated deals; the fund can also buy investments in secondary markets.
10-K for FY2025, filed Mar 12, 2026
Yes. It kept 47 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 12, 2026
10-K for FY2025, filed Mar 12, 2026
$113.4MView ↗
Growing.
Revenue grew 4.4x in 2 years, from $55.4M in FY2023 to $243.4M in FY2025, about 110% a year.
10-K for FY2025, filed Mar 12, 2026
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