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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 Oct 17, 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 six months to Jun 30, 2026 was $12.1M. It raised $0 from new shares in the six months to Jun 30, 2026; paid $13.9M in distributions in the six months to Jun 30, 2026. Reported NAV per share: $5185.00 as of Jun 30, 2026.

What the figures say together

Our arithmetic on the issuer's own figures, only pairing numbers from the same period or date, and ranked against the 67 other vehicles of this type we track.

  • Liabilities were 2% of total assets at Jun 30, 2026. It ranks 3rd of the 31 vehicles of this type that report the same figures (1st = least leveraged).
  • The management fee ran at about 0.69% a year of stockholders' equity ($1.2M in the six months to Jun 30, 2026, annualised; our arithmetic). It ranks 5th of the 16 vehicles of this type that report the same figures (1st = lowest fee).
  • NAV per share moved down 1.4% in a year, from $5259.00 to $5185.00 (before distributions). It ranks 9th of the 16 vehicles of this type that report the same figures (1st = best NAV change).

Key figures, as filed.

Balance sheet
FigureLatestPeriodA year earlierChangeSource
Total assets$357.8Mas of Jun 30, 2026$332.9M+7.5%10-Q · Aug 10, 2026
Investments at fair value$352.0Mas of Jun 30, 2026——10-Q · Aug 10, 2026
Total liabilities$8.3Mas of Jun 30, 2026$8.2M+1.4%10-Q · Aug 10, 2026
Stockholders' equity$349.4Mas of Jun 30, 2026$324.7M+7.6%10-Q · Aug 10, 2026
NAV per share$5185.00as of Jun 30, 2026$5259.00−1.4%10-Q · Aug 10, 2026
Shares outstanding67,401 sharesas of Jun 30, 202661,741 shares+9.2%10-Q · Aug 10, 2026
Shares outstanding (cover page)67,613 sharesas of Aug 5, 202661,947 shares+9.1%10-Q · Aug 10, 2026
Results and cash flow
FigureLatestPeriodA year earlierChangeSource
Net income (loss)$12.1Msix months to Jun 30, 2026$14.8M−18.5%10-Q · Aug 10, 2026
Cash from operations$13.7Msix months to Jun 30, 2026−$38.4M+135.7%10-Q · Aug 10, 2026
Management fees$1.2Msix months to Jun 30, 2026$1.1M+8.0%10-Q · Aug 10, 2026
Capital raised, distributions and repurchases
FigureLatestPeriodA year earlierChangeSource
Capital raised (common stock issued)$0six months to Jun 30, 2026$50.0M−100.0%10-Q · Aug 10, 2026
Distributions paid$13.9Msix months to Jun 30, 2026$12.5M+10.9%10-Q · Aug 10, 2026

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.

Filing timeline.

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

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 Oct 17, 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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