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Transactions with Affiliated Companies (Tables)
 12 Months Ended
Sep. 30, 2022
Investments In And Advances To Affiliates [Abstract]  
Summary of Transactions with Affiliated Companies Transactions related to our funded investments with both controlled and non-controlled affiliates for the year ended September 30, 2022 were as follows ($ in thousands):

 

Name of Investment

 

Fair Value at
September 30, 2021

 

 

Gross
Additions(1)

 

 

Gross
Reductions

 

 

Net Change in
Appreciation /
(Depreciation)

 

 

Fair Value at
September 30, 2022

 

 

Interest
Income

 

 

PIK
Income

 

 

Dividend
Income

 

 

Net Realized
Gains
(Losses)

 

Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AKW Holdings Limited

 

$

41,379

 

 

$

10,403

 

 

$

—

 

 

$

(5,787

)

 

$

45,995

 

 

$

3,512

 

 

$

—

 

 

$

—

 

 

$

—

 

Mailsouth Inc.

 

 

22,100

 

 

 

1,296

 

 

 

—

 

 

$

(23,396

)

 

$

—

 

 

 

—

 

 

 

1,309

 

 

 

—

 

 

 

—

 

PennantPark Senior Loan Fund, LLC *

 

 

105,314

 

 

 

39,325

 

 

 

—

 

 

$

(5,530

)

 

$

139,109

 

 

 

7,074

 

 

 

—

 

 

 

9,075

 

 

 

—

 

PT Networks, LLC (3)

 

 

134,125

 

 

 

9,917

 

 

 

(234,974

)

 

$

90,932

 

 

$

—

 

 

 

—

 

 

 

2,674

 

 

 

—

 

 

 

140,898

 

RAM Energy LLC

 

 

81,710

 

 

 

—

 

 

 

—

 

 

$

(7,428

)

 

$

74,282

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Controlled Affiliates

 

$

384,628

 

 

$

60,941

 

 

$

(234,974

)

 

$

48,791

 

 

$

259,386

 

 

$

10,586

 

 

$

3,983

 

 

$

9,075

 

 

$

140,898

 

Non-Controlled Affiliates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cascade Environmental Holdings, LLC (2)

 

$

64,292

 

 

$

34,201

 

 

$

(61,168

)

 

 

(4,534

)

 

$

32,791

 

 

$

1,361

 

 

$

—

 

 

$

—

 

 

$

(28,208

)

ETX Energy, LLC

 

 

—

 

 

 

—

 

 

 

(38,541

)

 

 

38,541

 

 

 

-

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(37,447

)

JF International

 

 

—

 

 

 

1,969

 

 

 

—

 

 

 

—

 

 

 

1,969

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

MidOcean JF Holdings
   Corp.

 

 

50,161

 

 

 

—

 

 

 

(40,182

)

 

 

(9,979

)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Total Non-Controlled Affiliates

 

$

114,453

 

 

$

36,170

 

 

$

(139,891

)

 

$

24,028

 

 

$

34,760

 

 

$

1,361

 

 

$

—

 

 

$

—

 

 

$

(65,655

)

Total Controlled and Non-Controlled
   Affiliates

 

$

499,081

 

 

$

97,111

 

 

$

(374,865

)

 

$

72,819

 

 

$

294,146

 

 

$

11,947

 

 

$

3,983

 

 

$

9,075

 

 

$

75,243

 

 

(1)
Includes PIK.
(2)
Cascade Environmental Holdings, LLC became a controlled affiliate during the year ended September 30, 2022.
(3)
On February 14, 2022, we disposed of our equity interests in PT Networks, LLC.
We and Pantheon are the members of PSLF, a joint venture formed as a Delaware limited liability company that is not consolidated by us for financial reporting purposes. The members of PSLF make investments in the PSLF in the form of subordinated debt and equity interests, and all portfolio and other material decision regarding PSLF must be submitted to PSFL’s board of directors or investment committee, both of which are comprised of two members appointed by each of us and Pantheon. Because management of PSLF is shared equally between us and Pantheon, we do not believe we control PSLF for purposes of the 1940 Act or otherwise.