v3.25.4
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Investments at fair value $ 647,244 $ 697,891
Cash 105,519 70,264
Investments in money market funds 34,711 27,266
Restricted investments in money market funds 2,463 3,338
Interest receivable 12,086 16,559
Other assets 9,081 6,515
Total assets 811,104 821,833
Liabilities    
Borrowings (Note 7) 473,027 467,904
Distributions payable 15,053 13,159
Base management fee payable (Note 3) 975 1,045
Other accrued expenses 3,547 3,542
Total liabilities 492,602 485,650
Commitments and contingencies (Notes 3 and 8)
Net assets    
Preferred stock, par value $0.001 per share, 1,000,000 shares authorized, zero shares issued and outstanding as of December 31, 2025 and 2024 0 0
Common stock, par value $0.001 per share, 100,000,000 shares authorized, 45,781,280 and 40,043,312 shares issued and 45,613,815 and 39,875,847 shares outstanding as of December 31, 2025 and 2024, respectively 51 44
Paid-in capital in excess of par 559,355 518,200
Distributable loss (240,904) (182,061)
Total net assets 318,502 336,183
Total liabilities and net assets $ 811,104 $ 821,833
Net asset value per common share (in dollars per share) $ 6.98 $ 8.43
Investment, Unaffiliated Issuer [Member]    
Assets    
Investments at fair value $ 584,100 $ 657,765
Investment, Affiliated Issuer, Noncontrolled [Member]    
Assets    
Investments at fair value 63,144 8,307
Investment, Affiliated Issuer, Controlled [Member]    
Assets    
Investments at fair value $ 0 $ 31,819