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 $ 63,153 $ 77,486
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:    
Total net change in unrealized (appreciation) depreciation (3,059) (4,432)
Total net realized (gains) losses (1,342) (410)
Net amortization and accretion of premiums and discounts (7,035) (3,996)
Purchases of investments, net (400,276) (654,534)
Sales and repayments of investments, net 262,311 360,017
Amortization of deferred financing costs 1,426 982
Amortization of debt issuance costs 762 523
Changes in operating assets and liabilities:    
Interest and Dividends receivable 2,321 (1,472)
Dividend receivable 0 366
Unsettled trades receivable 2,951 (16,147)
Paydown receivable 1,247 (410)
Deferred offering expenses (24) (24)
Prepaid expenses and other assets 41 (369)
Base management fees payable 648 705
Incentive fees payable 5,152 0
Distribution payable 0 (383)
Accounts payable and accrued expenses 1,012 98
Interest and financing fees payable (397) 11,857
Unsettled trades payable 16,479 24,615
Net cash used in operating activities (54,630) (205,528)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 357,000 592,500
Payments on revolving credit facilities (324,000) (445,500)
Borrowings of Notes 300,000 0
Repayments of Notes (225,000) 0
Deferred financing costs 0 (5,577)
Debt issuance costs (3,684) (100)
Distributions paid in cash (47,089) (46,284)
Proceeds from issuance of shares of Common Stock 1,750 196,664
Net cash provided by financing activities 58,977 291,703
Net increase (decrease) in cash and cash equivalents 4,347 86,175
Cash and cash equivalents, beginning of period 51,760 41,629
Cash and cash equivalents, end of period 56,107 127,804
Supplemental and Non-Cash Information    
Cash paid during the period for interest 45,912 28,417
Reinvestment of distributions during the period $ 13,649 $ 21,636