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 (decrease) in net assets resulting from operations $ (1,337) $ 6,453
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments 361 (510)
Net change in unrealized (gain) loss on investments 8,359 6,086
Payment-in-kind interest capitalized (4,035) (4,589)
Net accretion of discounts and amortization of premiums (449) (502)
Purchases of investments (19,881) (45,889)
Proceeds from principal payments and sales of investments 104,993 47,986
Amortization of debt issuance costs 750 654
Changes in operating assets and liabilities:    
Interest and dividend receivable 50 (2,312)
Other assets 37 (279)
Interest payable (135) (106)
Base management fees payable (223) (63)
Incentive fees payable 0 (968)
Accounts payable and accrued expenses (129) 90
Net cash provided by (used in) operating activities 88,361 6,051
Cash flows from financing activities:    
Borrowings on debt 34,500 46,600
Repayments of debt (118,100) (42,900)
Debt issuance costs capitalized (547) 0
Stockholder distributions paid (10,833) (10,833)
Net cash provided by (used in) financing activities (94,980) (7,133)
Net increase (decrease) in cash and cash equivalents (6,619) (1,082)
Cash and cash equivalents, beginning of period 9,044 4,958
Cash and cash equivalents, end of period 2,425 3,876
Supplemental disclosure of cash flow information:    
Cash interest paid during the period 7,923 10,667
Cash paid for income taxes, including excise taxes during the year $ 482 $ 337