v3.25.2
Consolidated Statement of Cash Flows (Unaudited)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
USD ($)
Cash flows from operating activities:  
Net Income (Loss) $ 6,085
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used for) operating activities:  
Purchases of investments (285,984)
Amortization of premium and accretion of discount, net (103)
Proceeds from sales of investments or principal repayments 368
Paid-in-kind interest income (1,084)
Net change in unrealized (appreciation) depreciation on investments (767)
Amortization of deferred financing costs 267
Change in operating assets and liabilities:  
(Increase) decrease in interest receivable (122)
Increase (decrease) in interest and other debt financing costs payable 604
Increase (decrease) in management fees payable 157
Increase (decrease) in accrued expenses and other liabilities 1,131
Net cash provided by (used for) operating activities (279,448)
Cash flows from financing activities:  
Capital contributions 285,000
Secured borrowings 316,256
Borrowings on credit facility 32,436
Deferred financing and debt issuance costs paid (5,002)
Net cash provided by (used for) financing activities 628,690
Net increase (decrease) in cash and cash equivalents 349,242
Cash and cash equivalents, beginning of period 10
Cash and cash equivalents, end of period $ 349,252