v3.25.2
Investments - Composition of the Company's Investment Portfolio, at Amortized Cost and Fair Value (with Corresponding Percentage of Total Portfolio Investments) (Details) - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Investments    
Investment owned, cost $ 414,808 [1] $ 495,797 [2],[3]
Fair Value $ 367,700 [1],[4] $ 457,048 [2],[3],[5]
Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 100.00% 100.00%
Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 100.00% 100.00%
Senior secured loans    
Investments    
Investment owned, cost $ 285,753 $ 372,074
Fair Value $ 270,091 $ 357,994
Senior secured loans | Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 68.90% 75.00%
Senior secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 73.50% 78.30%
Unitranche secured loans    
Investments    
Investment owned, cost $ 2,163 $ 3,835
Fair Value $ 2,183 $ 3,862
Unitranche secured loans | Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 0.50% 0.80%
Unitranche secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 0.60% 0.80%
Junior secured loans    
Investments    
Investment owned, cost $ 41,810 $ 35,771
Fair Value $ 31,679 $ 29,634
Junior secured loans | Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 10.10% 7.20%
Junior secured loans | Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 8.60% 6.50%
LLC equity interest in SLF    
Investments    
Investment owned, cost $ 42,650 $ 42,650
Fair Value $ 30,157 $ 32,730
LLC equity interest in SLF | Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 10.30% 8.60%
LLC equity interest in SLF | Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 8.20% 7.20%
Equity investments    
Investments    
Investment owned, cost $ 42,432 $ 41,467
Fair Value $ 33,590 $ 32,828
Equity investments | Investment Owned, At Cost | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 10.20% 8.40%
Equity investments | Investment Owned, At Fair Value | Investment Type Concentration Risk    
Investments    
Concentration risk, percentage 9.10% 7.20%
[1] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[2] All of the Company’s investments are issued by eligible portfolio companies, as defined in the Investment Company Act of 1940 (the “1940 Act”), unless otherwise noted. All of the Company’s investments are issued by U.S. portfolio companies unless otherwise noted.
[3] As defined in the 1940 Act, the Company is deemed to be both an “Affiliated Person” of and to “Control” this portfolio company as it owns more than 25% of the portfolio company’s voting securities. See Note 5 in the accompanying notes to the consolidated financial statements for additional information on transactions in which the issuer was both an Affiliated Person and a portfolio company that the Company is deemed to Control.
[4] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements).
[5] Because there is no readily available market value for these investments, the fair value of these investments is determined in good faith using significant unobservable inputs by the Valuation Designee. (See Note 4 in the accompanying notes to the consolidated financial statements)