v3.25.1
Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities    
Net increase in net assets resulting from operations $ 26,936 $ 4,114
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) operating activities:    
Purchases of investments (355,393) (193,041)
Proceeds from principal repayments and sales of investments 38,507 26,504
Net realized (gain) on investments (710) 0
Net unrealized (gain) on investments (8,766) (584)
Accretion of discounts (1,299) (89)
Payment in-kind interest capitalized (610) (68)
Amortization of deferred financing costs 440 101
Amortization of deferred offering costs 22 178
Changes in operating assets and liabilities:    
Receivable for investments sold 11,996  
Interest receivable 1,164 (982)
Dividends receivable (1,044)  
Other assets   8
Payable for investments purchased (134)  
Interest payable 1,462 601
Management Fees payable 580 193
Due to affiliates 362 705
Board of Trustees fees payable (3) 38
Accrued expenses and other liabilities 832 (1,136)
Net Cash Used in Operating Activities (285,658) (163,458)
Financing Activities    
Proceeds from Repurchase Obligations 39,400 19,600
Repayments of Repurchase Obligations (72,675)  
Borrowings of Revolving Credit Facilities 281,000 182,000
Repayments of Revolving Credit Facilities (68,800) (71,000)
Deferred financing costs paid (3,833) (268)
Proceeds from issuance of Common Shares, net of deferred offering costs of ($0 and $174 as of March 31, 2025 and March 31, 2024, respectively) 70,392 119,902
Dividends paid in cash (17,031)  
Net Cash Provided by Financing Activities 228,453 250,234
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash (57,205) 86,776
Cash, Cash Equivalents and Restricted Cash, Beginning of Period 104,380 2,880
Cash, Cash Equivalents and Restricted Cash, End of Period 47,175 89,656
Supplemental Information and Non-Cash Activities    
Interest paid during the period 11,467 $ 114
Excise and other taxes paid 90  
Reinvestment of distributions during the period $ 1,854