v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Cash Flows from Operating Activities          
Net increase (decrease) in net assets resulting from operations     $ 87 $ (30,960)  
Adjustments to reconcile the net increase (decrease) in net assets resulting from operations to net cash provided by operating activities:          
Purchases of investments     (8,209) (5,358)  
Purchases of short-term investments     (394,467) (442,747)  
Interest income paid in-kind     (2,866) (11,546)  
Proceeds from sales and paydowns of investments     8,856 1,690  
Proceeds from sales of short-term investments     422,499 495,029  
Realized gain on short-term investments     (2,033) (3,063)  
Net realized loss on investments     32,894 0  
Change in net unrealized (appreciation)/depreciation on investments     (27,918) 47,910  
Amortization of premium and accretion of discount, net     (14) 27  
Amortization of deferred financing costs $ 159 $ 151 313 264  
Increase (decrease) in operating assets and liabilities:          
(Increase) decrease in interest income receivable     (280) 940  
(Increase) decrease in prepaid and other assets     30 34  
Increase (decrease) in payable for short-term investments purchased     (25,999) (49,219)  
Increase (decrease) in interest and credit facility expense payable     441 6  
Increase (decrease) in directors' fees payable     135 135  
Increase (decrease) in other accrued expenses and liabilities     (265) (90)  
Net cash provided by operating activities     3,204 3,052  
Cash Flows from Financing Activities          
Distributions to Members     0 (6,500)  
Deferred financing costs paid     (151) (626)  
Proceeds from credit facility     9,200 6,000  
Repayments of credit facility     (28,600) (1,500)  
Net cash used in financing activities     (19,551) (2,626)  
Net (decrease) increase in cash and cash equivalents     (16,347) 426  
Cash and cash equivalents, beginning of period     17,736 2,372 $ 2,372
Cash and cash equivalents, end of period $ 1,389 $ 2,798 1,389 2,798 $ 17,736
Supplemental and non-cash financing activities          
Interest expense paid     2,184 3,028  
Proceeds from secured borrowing     364,913 468,469  
Payment to secured borrowing     $ (364,913) $ (468,469)