Credit Facilities (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Summary of Amounts Outstanding and Available under Credit Facilities

A summary of amounts outstanding and available under the Credit Facilities as of December 31, 2025 and 2024 was as follows:


Credit Facilities		Total Facility Commitment				Borrowings Outstanding				Available Amount(1)
Subscription Based Credit Facility – December 31, 2025		$	50,000			$	40,500			$	9,500
Asset Based Credit Facility – December 31, 2025		$	650,000			$	361,200			$	288,800
Subscription Based Credit Facility – December 31, 2024		$	200,000			$	—			$	200,000
Asset Based Credit Facility – December 31, 2024		$	800,000			$	400,000			$	207,527

(1)

The amount available considers any limitations related to the debt facility borrowing.

Summary of Reconciliation Amounts Presented on Consolidated Statements of Assets and Liabilities Versus Outstanding on Term Loan

A reconciliation of amounts presented on the Company’s Consolidated Statements of Assets and Liabilities versus amounts outstanding on the Term Loan is as follows:


		As of December 31, 2025				As of December 31, 2024
Principal amount outstanding on Term Loan		$	325,000			$	400,000
Deferred financing costs			(563	)			(1,081	)
Term Loan (as presented on the Consolidated Statements of Assets and Liabilities)		$	324,437			$	398,919

Summary Information Regarding Credit Facilities

The summary information regarding the Credit Facilities for the years ended December 31, 2025 and 2024:


		Year ended December 31,
		2025				2024				2023
Credit facilities interest expense		$	32,398			$	31,370			$	19,278
Undrawn commitment fees			1,202				2,037				887
Administrative fees			70				—				25
Amortization of deferred financing costs			2,611				3,321				1,515
Total		$	36,281			$	36,728			$	21,705
Weighted average interest rate			6.89	%			7.97	%			7.51	%
Average outstanding balance		$	463,842			$	387,186			$	253,114