v3.25.2
Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Activities        
Net increase in net assets resulting from operations $ 20,191 $ 7,311 $ 47,127 $ 11,425
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) operating activities:        
Purchases of investments     (572,920) (460,325)
Proceeds from principal repayments and sales of investments     125,305 27,925
Net realized loss on investments 2,192 0 1,482 0
Net unrealized (gain) on investments (1,252) (1,968) (10,018) (2,552)
Accretion of discounts     (2,593) (980)
Payment in-kind interest capitalized     (1,780) (292)
Payment in-kind dividends capitalized     (956)  
Amortization of deferred financing costs 483 202 923 303
Amortization of deferred offering costs 4 199 26 377
Changes in operating assets and liabilities:        
Receivable for investments sold     5  
Prefunded Investments     (48,081)  
Interest receivable     (2,494) (3,476)
Dividends receivable     (897)  
Other assets       15
Payable for investments purchased     (2,161)  
Interest payable     2,680 2,503
Management Fees payable     1,039 564
Due to affiliates     (552) 605
Board of Trustees fees payable     (3) 43
Accrued expenses and other liabilities     820 (1,136)
Net Cash Used in Operating Activities     (463,048) (425,001)
Financing Activities        
Proceeds from Repurchase Obligations     73,875 54,060
Repayments of Repurchase Obligations     (102,355) (19,600)
Borrowings of Revolving Credit Facilities     519,000 425,100
Repayments of Revolving Credit Facilities     (239,300) (220,900)
Deferred financing costs paid     (5,672) (2,593)
Proceeds from issuance of Common Shares, net of deferred offering costs of ($0 and $174 as of June 30, 2025 and June 30, 2024, respectively)     264,682 267,837
Dividends paid in cash     (31,500) (2,171)
Net Cash Provided by Financing Activities     478,730 501,733
Net Increase in Cash, Cash Equivalents and Restricted Cash     15,682 76,732
Cash, Cash Equivalents and Restricted Cash, Beginning of Period     104,380 2,880
Cash, Cash Equivalents and Restricted Cash, End of Period 120,062 79,612 120,062 79,612
Supplemental Information and Non-Cash Activities        
Interest paid during the period $ 11,268 $ 1,576 24,843 1,690
Excise and other taxes paid     90  
Reinvestment of distributions during the period     $ 3,435 $ 102