Vehicle file · Non-traded vehicle

Kayne DL 2021, Inc.

What its SEC filings show.

SEC CIK 1850787·Inc. DE·Fiscal year end 12/31·Data as filed · pulled Sep 21, 2026

What this file is.Not a review. Every figure below is the issuer's own number as tagged in its filings to the SEC, unadjusted, with a link to the filing it came from. When a new filing lands, the table updates; when a filing changes something for the people who hold this vehicle, we write it up and link it under Our reads.

Kayne DL 2021, Inc. is a non-traded vehicle registered with the SEC under CIK 1850787 (incorporated in DE). Its most recent filing is a 10-Q (quarterly report) dated Aug 10, 2026. As of Jun 30, 2026 it reported total assets of $357.8M (up 7.5% from $332.9M a year earlier) and stockholders' equity of $349.4M. Net income (loss) for the nine months to Jun 30, 2026 was $12.1M. In the nine months to Jun 30, 2026 it raised $0 from new shares, paid $13.9M in distributions. Reported NAV per share: $5185.00 as of Jun 30, 2026.

Key figures, as filed.

Balance sheet

Figure	Latest	Period	A year earlier	Change	Source
Total assets	$357.8M	as of Jun 30, 2026	$332.9M	+7.5%	10-Q · Aug 10, 2026
Investments at fair value	$352.0M	as of Jun 30, 2026	—	—	10-Q · Aug 10, 2026
Cash and equivalents	$2.9M	as of Dec 31, 2024	$5.9M	−50.8%	10-K · Mar 3, 2025
Total liabilities	$8.3M	as of Jun 30, 2026	$8.2M	+1.4%	10-Q · Aug 10, 2026
Stockholders' equity	$349.4M	as of Jun 30, 2026	$324.7M	+7.6%	10-Q · Aug 10, 2026
NAV per share	$5185.00	as of Jun 30, 2026	$5259.00	−1.4%	10-Q · Aug 10, 2026
Shares outstanding	67,401 shares	as of Jun 30, 2026	61,741 shares	+9.2%	10-Q · Aug 10, 2026
Shares outstanding (cover page)	67,613 shares	as of Aug 5, 2026	61,947 shares	+9.1%	10-Q · Aug 10, 2026

Results and cash flow

Figure	Latest	Period	A year earlier	Change	Source
Net income (loss)	$12.1M	nine months to Jun 30, 2026	$14.8M	−18.5%	10-Q · Aug 10, 2026
Cash from operations	$13.7M	nine months to Jun 30, 2026	−$38.4M	+135.7%	10-Q · Aug 10, 2026
Interest expense	$46K	quarter to Mar 31, 2024	$111K	−58.6%	10-Q · May 15, 2024
Management fees	$1.2M	nine months to Jun 30, 2026	$1.1M	+8.0%	10-Q · Aug 10, 2026

Capital raised, distributions and repurchases

Figure	Latest	Period	A year earlier	Change	Source
Capital raised (common stock issued)	$0	nine months to Jun 30, 2026	$50.0M	−100.0%	10-Q · Aug 10, 2026
Distributions paid	$13.9M	nine months to Jun 30, 2026	$12.5M	+10.9%	10-Q · Aug 10, 2026
Distributions declared per share	$273.00	nine months to Jun 30, 2024	$251.00	+8.8%	10-Q · Aug 13, 2024

Flows (revenues, income, cash, distributions, repurchases) are shown for the period the issuer reported them in, which may be a quarter, a year-to-date span or a full year; “a year earlier” compares only periods of the same length. A vehicle that does not tag a figure in XBRL will not show it here even if the PDF discloses it.

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Filing timeline.

The last 25 documents this issuer filed with the SEC. Marked rows are the ones that tend to matter to holders.

Aug 10, 202610-Q · Quarterly reportEDGAR ↗
Jul 23, 2026SCHEDULE 13D/A · FilingEDGAR ↗
Jun 29, 20268-K · Current reportItems 5.02EDGAR ↗
Jun 16, 20268-K · Current reportItems 5.07EDGAR ↗
May 11, 202610-Q · Quarterly reportEDGAR ↗
Apr 24, 2026DEF 14A · Proxy statementEDGAR ↗
Mar 2, 202610-K · Annual reportEDGAR ↗
Dec 17, 202540-APP/A · FilingEDGAR ↗
Dec 2, 202540-17G · FilingEDGAR ↗
Nov 10, 202510-Q · Quarterly reportEDGAR ↗
Oct 1, 202540-APP/A · FilingEDGAR ↗
Aug 15, 20254 · Insider transactionEDGAR ↗
Aug 15, 2025SCHEDULE 13D/A · FilingEDGAR ↗
Aug 14, 20258-K · Current reportItems 3.02EDGAR ↗
Aug 13, 20254 · Insider transactionEDGAR ↗
Aug 11, 202510-Q · Quarterly reportEDGAR ↗
Jun 30, 202540-APP · FilingEDGAR ↗
Jun 17, 20258-K · Current reportItems 5.07EDGAR ↗
May 12, 202510-Q · Quarterly reportEDGAR ↗
May 2, 20258-K · Current reportItems 3.02EDGAR ↗
May 2, 20254 · Insider transactionEDGAR ↗
May 2, 2025SCHEDULE 13D/A · FilingEDGAR ↗
May 1, 20254 · Insider transactionEDGAR ↗
Apr 25, 2025DEF 14A · Proxy statementEDGAR ↗
Mar 3, 202510-K · Annual reportEDGAR ↗

Our reads on Kayne DL 2021, Inc..

No forensic read of this vehicle yet. When a filing changes something for holders — a tender offer, a repurchase cap, a NAV reset, a distribution cut — the read goes here.

Source: SEC EDGAR, XBRL company facts and filing index for CIK 1850787, retrieved Sep 21, 2026. Figures are reproduced as tagged by the issuer; errors in the source carry through, which is why every row links to the filing. Nothing here is investment advice.

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Kayne DL 2021, Inc.

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