v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net increase in unitholders' capital resulting from operations $ 702 $ 1,354
Adjustments to reconcile net increase in unitholders' capital resulting from operations to net cash provided by operating activities:    
Net realized (gain) loss on investments 2 0
Net change in unrealized (gain) loss on investments 2,129 3,262
Deferred financing costs amortization 119 100
Net accretion of discount on investments (236) (229)
(Increase) decrease in operating assets:    
Purchase of investments (278) (738)
Proceeds from disposition of investments 5,423 39,146
Capitalization of payment-in-kind income (2,049) (494)
Collections of payment-in-kind income 0 235
Receivable for investments sold 8,904 (64)
Interest receivable 874 161
Prepaid expenses (32) (56)
Increase (decrease) in operating liabilities:    
Management fee payable 5 (14)
Incentive fee payable (2,515) (2,458)
Administration fee payable (6) (6)
Interest payable (110) (156)
Payable for investments and cash equivalents purchased 10,040 43
Other liabilities and accrued expenses 51 (91)
Net Cash Provided by Operating Activities 23,023 39,995
Cash Flows from Financing Activities:    
Cash distributions paid (4,361) (5,343)
Proceeds from borrowings 7,900 3,973
Repayments of borrowings (15,773) (43,000)
Net Cash Used in Financing Activities (12,234) (44,370)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 10,789 (4,375)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 57,783 39,386
CASH AND CASH EQUIVALENTS AT END OF PERIOD 68,572 35,011
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 1,043 $ 2,666