v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:      
Net increase (decrease) in net assets resulting from operations $ 6,160 $ 12,689  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Fundings and purchases of investments (26,786) (28,537)  
Principal payments and proceeds from investments 27,483 29,971  
Payment-in-kind interest on investments (3,495) (3,756)  
Net change in unrealized (gains) losses on investments 2,663 303  
Net realized (gains) losses on investments 299 (2,254)  
Amortization and (accretion) of premiums and discounts, net (1,561) (885)  
(Accretion) reduction of end-of-term payments, net of prepayments (695) (605)  
Amortization of debt fees and issuance costs 551 666  
Change in operating assets and liabilities:      
Prepaid expenses and other assets (4,007) (3,455)  
Base management fee payable 33 (82)  
Other accrued expenses and liabilities (7,051) (8,963)  
Net cash (used in) provided by operating activities (6,406) (4,908)  
Cash Flows from Financing Activities:      
Borrowings under revolving credit facility 102,000 0  
Repayments under revolving credit facility 0 0  
Distributions paid (8,802) (11,408)  
Debt issuance costs (111) (701)  
Net cash provided by (used in) financing activities (31,913) (32,109)  
Net change in cash, cash equivalents and restricted cash (38,319) (37,017)  
Cash, cash equivalents and restricted cash at beginning of period 47,367 78,727 $ 78,727
Cash, cash equivalents and restricted cash at end of period 9,048 41,710 47,367
Cash and cash equivalents 8,574 34,672 20,364
Restricted cash 474 7,038 27,003
Total cash, cash equivalents and restricted cash shown in the statement of cash flows 9,048 41,710 $ 47,367
Supplemental Disclosures of Cash Flow Information:      
Cash paid for interest 11,266 9,782  
Distributions reinvested 511 633  
Excise tax paid 1,529 1,562  
7.50% 2028 Notes      
Cash Flows from Financing Activities:      
Proceeds from issuance of notes 75,000 0  
7.50% 2028 Notes | Unsecured Debt      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Amortization of debt fees and issuance costs 5 0  
8.11% 2028 Notes      
Cash Flows from Financing Activities:      
Proceeds from issuance of notes 0 50,000  
8.11% 2028 Notes | Unsecured Debt      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Amortization of debt fees and issuance costs 61 29  
2025 Notes      
Cash Flows from Financing Activities:      
Repayment of notes 0 (70,000)  
2025 Notes | Unsecured Debt      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Amortization of debt fees and issuance costs 0 52  
2026 Notes      
Cash Flows from Financing Activities:      
Repayment of notes (200,000) 0  
2026 Notes | Unsecured Debt      
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:      
Amortization of debt fees and issuance costs $ 75 $ 111