v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities:    
Net increase in net assets resulting from operations $ 17,124 $ 19,926
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by operating activities:    
Net realized loss on investments and cash equivalents 27 422
Net change in unrealized (gain) loss on investments 699 1,757
Deferred financing costs/market discount amortization 846 758
Net accretion of discount on investments (2,161) (1,604)
(Increase) decrease in operating assets:    
Purchase of investments (118,689) (193,471)
Proceeds from disposition of investments 137,344 194,902
Capitalization of payment-in-kind income (5,621) (1,713)
Collections of payment-in-kind income 9 942
Receivable for investments sold 55,271 237
Interest receivable (130) 348
Dividends receivable 1,523 (2,048)
Prepaid expenses and other assets (288) (593)
Increase (decrease) in operating liabilities:    
Payable for investments and cash equivalents purchased (13,783) 49,564
Management fee payable (172) (226)
Performance-based incentive fee payable (939) (397)
Administrative services expense payable (1,681) 752
Interest payable (2,456) (1,796)
Other liabilities and accrued expenses 268 381
Net Cash Provided by Operating Activities 67,191 68,141
Cash Flows from Financing Activities:    
Cash distributions paid (22,367) (22,367)
Proceeds from unsecured borrowings 0 49,820
Repayment of unsecured borrowings 0 (85,000)
Proceeds from secured borrowings 75,000 244,474
Repayment of secured borrowings (83,993) (202,334)
Net Cash Used in Financing Activities (31,360) (15,407)
NET INCREASE IN CASH AND CASH EQUIVALENTS 35,831 52,734
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 364,301 414,271
CASH AND CASH EQUIVALENTS AT END OF PERIOD 400,132 467,005
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 17,992 $ 16,878