v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities:    
Net increase in net assets resulting from operations $ 44,158 $ 51,099
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments and cash equivalents 187 (240)
Net change in unrealized (gain) loss on investments (631) (2,689)
Deferred financing costs/market discount amortization 1,495 1,104
Net accretion of discount on investments (3,472) (4,795)
(Increase) decrease in operating assets:    
Purchase of investments (526,779) (192,233)
Proceeds from disposition of investments 403,843 220,712
Capitalization of payment-in-kind income (3,489) (4,925)
Collections of payment-in-kind income 1,037 2,386
Receivable for investments sold 1,472 (217)
Interest receivable 1,530 (725)
Dividends receivable (2,425) (346)
Prepaid expenses and other assets (618) (335)
Increase (decrease) in operating liabilities:    
Payable for investments and cash equivalents purchased (48,606) (58,164)
Management fee payable 21 (153)
Performance-based incentive fee payable (543) 160
Administrative services expense payable (3,031) 1,142
Interest payable (1,334) (783)
Other liabilities and accrued expenses 470 (732)
Net Cash Provided by (Used in) Operating Activities (136,715) 10,266
Cash Flows from Financing Activities:    
Cash distributions paid (44,735) (44,735)
Proceeds from unsecured borrowings 49,820 0
Repayment of unsecured borrowings (85,000) 0
Proceeds from secured borrowings 496,474 221,872
Repayment of secured borrowings (321,334) (246,400)
Net Cash Provided by (Used in) Financing Activities 95,225 (69,263)
NET DECREASE IN CASH AND CASH EQUIVALENTS (41,490) (58,997)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 414,271 344,154
CASH AND CASH EQUIVALENTS AT END OF PERIOD 372,781 285,157
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 32,421 $ 36,046