Derivatives (Tables)

12 Months Ended

Dec. 31, 2025

The following table presents both gross and net information about derivative instruments eligible for offset in the Consolidated Statements of Assets and Liabilities as of December 31, 2025:


							Net amount of
				Gross amount of			assets or
		Gross amount of		(liabilities)			(liabilities)
	Account in the	assets on the		on the			presented on the
	consolidated	consolidated		consolidated			consolidated
	statements of	statements of		statements of			statements of			Cash collateral
	assets	assets and		assets and			assets and			paid		Net
Counterparty	and liabilities	liabilities		liabilities			liabilities			(received) (1)		amounts (2)
Bank of New York	Unrealized depreciation on forward currency exchange contracts	$	81	$	(2,264	)	$	(2,183	)	$	2,183	$	—
BNP Paribas	Unrealized depreciation on forward currency exchange contracts	$	19	$	(346	)	$	(327	)	$	—	$	(327	)
Wells Fargo	Unrealized depreciation on forward currency exchange contracts	$	—	$	(271	)	$	(271	)	$	—	$	(271	)
BNP Paribas	Interest rate swap	$	447	$	—		$	447		$	—	$	447

(1)

Amount excludes excess cash collateral paid.

(2)

Net amount represents the net amount due (to) from counterparty in the event of default based on the contractual set-off rights under the agreement. Net amount excludes any over-collateralized amounts.

The following table presents both gross and net information about derivative instruments eligible for offset in the Consolidated Statements of Assets and Liabilities as of December 31, 2024:

          
         Net amount of

          
         Gross amount of

         assets or

          
         Gross amount of

         (liabilities)

         (liabilities)

          
         Account in the

         assets on the

         on the

         presented on the

          
         consolidated

         consolidated

         consolidated

         consolidated

          
         statements of

         statements of

         statements of

         statements of

         Cash collateral

          
         assets

         assets and

         assets and

         assets and

         paid

         Net

         Counterparty

         and liabilities

         liabilities

         liabilities

         liabilities

         (received) (1)

         amounts (2)

Bank of New York

Unrealized appreciation on forward currency exchange contracts

$

1,492

$

—

$

1,492

$

—

$

1,492

(1)

Amount excludes excess cash collateral paid.

(2)

Net realized and unrealized gains and losses on derivative instruments

The effect of transactions in derivative instruments to the Consolidated Statements of Operations during the years ended December 31, 2025, 2024 and 2023 were as follows:


	For the Year Ended December 31,
	2025			2024		2023
Net realized gain on forward currency exchange contracts	$	68		$	133	$	48
Net change in unrealized appreciation on forward currency exchange contracts		(4,273	)		1,582		(90	)
Total net realized and unrealized gain (loss) on forward currency exchange contracts	$	(4,205	)	$	1,715	$	(42	)

Interest Rate Swap [Member]

Derivative [Line Items]

Net realized and unrealized gains and losses on derivative instruments

Net realized and unrealized gains and losses for the year ended December 31, 2025, for the Company’s interest rate swaps, are in the following locations in the Consolidated Statement of Operations:


	For the Year Ended December 31,						Financial Statement Location
	2025		2024		2023
Interest rate swaps	$	136	$	—	$	—	Interest and debt financing expenses
Hedged items		62		—		—	Interest and debt financing expenses