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 (decrease) in net assets resulting from operations $ (3,480) $ 14,223
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net unrealized (appreciation) depreciation on investments 42,851 10,075
Net unrealized (appreciation) depreciation on foreign currency forward contracts (135) 89
Net unrealized (appreciation) depreciation on foreign currency 125 (6)
Net realized (gain) loss on investments (501) 2,497
Net realized (gain) loss on foreign currency 57 317
Net realized (gain) loss on foreign currency forward contracts (2,804) 1,354
Payment-in-kind interest (3,740) (2,829)
Net accretion of discount and amortization of premium (2,208) (2,266)
Amortization of deferred financing costs and debt issuance costs 1,254 758
Amortization of deferred offering costs 0 159
Purchases of investments (220,968) (184,498)
Proceeds from sale of investments and principal repayments 94,462 59,710
Net proceeds from settlement of foreign currency forward contracts 2,804 (1,354)
Changes in operating assets and liabilities:    
Interest receivable 41 6,515
Due to counterparty (8,490) 2,160
Management fee payable 257 289
Incentive fee payable (366) (334)
Distribution and/or shareholder servicing fees payable 12 18
Receivable for investments sold (7,718) 9,274
Payable for investments purchased 94 44,734
Interest and debt fee payable (1,214) (14,118)
Accrued expenses and other liabilities 2,561 1,091
Net cash provided by (used in) operating activities (107,106) (52,142)
Cash flows from financing activities:    
Borrowings of debt 55,000 60,000
Repayments of debt (20,000) (50,000)
Payments of financing costs 0 (984)
Proceeds from issuance of common shares net of change in subscription receivable 101,800 64,713
Repurchase of shares (5,232) 0
Distributions paid in cash (41,167) (21,594)
Proceeds (payments) from foreign currency settlements (57) (317)
Net cash provided by (used in) financing activities 90,344 51,818
Net increase (decrease) in cash, cash equivalents and restricted cash (16,762) (324)
Effect of foreign currency exchange rates (125) 6
Cash, cash equivalents and restricted cash, beginning of period 140,859 62,157
Cash, cash equivalents and restricted cash, end of period 123,972 61,839
Supplemental information and non-cash activities:    
Interest paid during the period 27,640 30,851
Cash paid for excise taxes during the period 0 125
Distributions declared and payable 14,280 19,471
Distributions reinvested during the period $ 9,030 $ 4,066