v3.25.1
Consolidated Statement of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash Flows From Operating Activities:    
Net increase (decrease) in net assets resulting from operations $ 8,781 $ 833
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:    
Purchases of investments (263,002) (62,453)
Proceeds from sale of investments and principal repayments 7,615 0
Net change in unrealized (appreciation) depreciation on investments 217 221
Net accretion of discount (596) (49)
Amortization of deferred financing costs 484 214
Amortization of deferred offering costs 0 393
Payment-in-kind interest capitalized (511) 0
Changes in operating assets and liabilities:    
Expense reimbursement receivable 0 (1,456)
Interest and other income receivable from non-controlled/non-affiliated investments (3,328) (428)
Prepaid assets 32 54
Other liabilities and accrued expenses 187 475
Interest payable 764 88
Accrued organizational costs 0 (30)
Due to affiliate 0 134
Payable for securities purchased 103 0
Management fees payable 382 80
Expense reimbursement payable (558) 0
Net investment income incentive fee payable 270 0
Capital gains income incentive fee payable (22) 0
Subscription receivable 0 (3,481)
Accrued administrative services expense payable 130 512
Net cash provided by (used for) operating activities (249,052) (64,893)
Cash Flows From Financing Activities:    
Proceeds from issuance of common shares 116,888 74,731
Distributions paid in cash (8,763) 0
Change in subscription receivable 55 0
Deferred financing costs paid (1,192) 0
Borrowings on debt 472,570 77,730
Payment of debt (281,330) (52,250)
Net cash provided by (used for) financing activities 298,228 100,211
Net increase (decrease) in cash and cash equivalents 49,176 35,318
Cash and cash equivalents, beginning of period 12,923 67,664
Cash and cash equivalents, end of period 62,099 102,982
Supplemental disclosure of cash flow and non-cash activities:    
Interest paid during the period 7,267 674
Reinvestment of distributions during the period 3,551 0
Excise tax paid during the period $ 137 $ 0