Lends to middle-market companies, primarily through senior secured loans, and also invests in equity and other debt securities.
10-K for FY2025, filed Feb 27, 2026
Borrowers pay interest on debt investments, with principal and any unpaid interest generally due at maturity; the company also earns loan fees, equity distributions, and gains from sales of investments. Some interest or dividends are added to principal rather than paid in cash and generally come due at maturity.
10-K for FY2025, filed Feb 27, 2026We generate revenues primarily through receipt of interest income from the investments we hold. In addition, we generate income from…View ↗
We primarily generate revenue in the form of interest income on debt investments and distributions on equity investments and, to a lesser…View ↗
Certain investments may have contractual payment-in-kind (“PIK”) interest or dividends. PIK represents accrued interest or accumulated…View ↗
$125.3M
10-K for FY2025, filed Feb 27, 2026
$125.3M ↗
Its borrowers are middle-market companies, which receive financing through directly originated loans; the company also invests through strategic joint ventures.
10-K for FY2025, filed Feb 27, 2026
Yes. It kept 79 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 27, 2026
10-K for FY2025, filed Feb 27, 2026
$98.8MView ↗
Growing. Revenue grew 43% in 4 years, from $87.9M in FY2021 to $125.3M in FY2025, about 9% a year.
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