XML 52 R46.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Financial Highlights - Schedule of Financial Highlights of the Company (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Mar. 31, 2024
Dec. 31, 2023
Mar. 31, 2023
Dec. 31, 2022
Investment Company, Investment Income (Loss) from Operations, Per Share [Abstract]                
Net asset value, beginning of period $ 12.57 $ 11.88 $ 12.99 [1] $ 11.16 [1]        
Net investment income 0.32 0.44 0.69 [1] 0.82 [1]        
Net realized gains (loss) [1]     0.21 0.31        
Net change in unrealized appreciation (depreciation) [1]     (1.1) 0.63        
Net increase (decrease) in net assets resulting from operations [1]     (0.2) 1.76        
Issuance of common stock [1]     (0.03) (0.01)        
Distributions declared from net investment income [1],[2]     (0.7) (0.7)        
Net decrease resulting from distributions to common stockholders [1]     (0.73) (0.7)        
Net asset value, end of period [1] 12.06 12.21 12.06 12.21        
Per share market value, end of period [1] $ 10.68 $ 7.76 $ 10.68 $ 7.76        
Shares outstanding, end of period 10,449,888 7,601,958 10,449,888 7,601,958        
Total return based on net asset value [3]     (1.79%) 15.86%        
Total return based on market value [3]     6.85% 1.63%        
Ratio/Supplemental Data:                
Net assets, end of period $ 126,009 $ 92,850 $ 126,009 $ 92,850 $ 118,795 $ 98,739 $ 90,308 $ 84,809
Ratio of total expenses to average net assets before waiver [4],[5]     19.81% 23.11%        
Ratio of total expenses to average net assets after waiver [4],[5]     19.81% 23.11%        
Ratio of incentive fees to average net assets [5]     1.35% 1.71%        
Ratio of net investment income to average net assets [4],[5]     12.20% 15.54%        
Portfolio turnover     43.00% 32.00%        
[1] The per share data was derived by using the weighted average shares outstanding during the period, except where such calculations deviate from those specified under the instructions to Form N-2.
[2] The per share data for distributions declared reflects the actual amount of distributions of record per share for the period.
[3] Total return based on net asset value is calculated as the change in net asset value per share, assuming the Company’s distributions were reinvested through its dividend reinvestment plan. Total return based on market value is calculated as the change in market value per share, assuming the Company’s distributions were reinvested through its dividend reinvestment plan. Total return does not include any estimate of a sales load or commission paid to acquire shares.
[4] Annualized for periods less than one year.
[5] Average net assets used in ratio calculations is calculated using monthly ending net assets for the period presented. For the six months ended June 30, 2024 and 2023 average net assets were $115,652 and $90,718, respectively.