v3.26.1
Consolidated Statements of Cash Flows - 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 in net assets resulting from operations $ 3,390 $ 28,547  
Adjustments to reconcile net increase (decrease) in net assets from operations to net cash used in operating activities:      
Purchases of investments (234,383) (299,374)  
Proceeds from principal payments and sales of investments 245,867 251,317  
Net realized loss from investments 9,628 23,953  
Net realized (gain) loss on foreign currency transactions (66) 249  
Net change in unrealized appreciation on forward currency exchange contracts (6,546) 2,073  
Net change in unrealized appreciation on investments 17,834 (24,682)  
Net change in unrealized appreciation on foreign currency translation 135 (435)  
Increase in investments due to PIK (7,385) (5,415)  
Accretion of discounts and amortization of premiums (1,746) (1,554)  
Amortization of deferred financing costs and debt issuance costs 1,538 1,149  
Changes in operating assets and liabilities:      
Collateral on derivatives 1,180 6,855  
Interest receivable on investments 2,932 8,103  
Interest rate swap (108) (78)  
Prepaid insurance 212 197  
Dividend receivable 434 (338)  
Interest payable (1,466) (2,250)  
Collateral payable on derivatives (8,147) 6,000  
Base management fee payable (323) (92)  
Incentive fee payable (259) (2,474)  
Accounts payable and accrued expenses 3,915 980  
Net cash provided by (used in) operating activities 26,636 (7,269)  
Cash flows from financing activities      
Borrowings on debt 643,000 459,000  
Repayments on debt (649,000) (395,699)  
Payments of financing costs (8,314) (8,551)  
Proceeds from issuances of common stock (net of offering and underwriting costs) 0 4,552  
Purchase of common shares issued in connection with dividend reinvestment plan 0 924  
Stockholder distributions paid (36,975) (58,244)  
Net cash provided by (used in) financing activities (51,289) 1,982  
Net decrease in cash, foreign cash, restricted cash and cash equivalents (24,653) (5,287)  
Effect of foreign currency exchange rates (69) 186  
Cash, foreign cash, restricted cash and cash equivalents, beginning of period 58,910 99,066 $ 99,066
Cash, foreign cash, restricted cash and cash equivalents, end of period 34,188 93,965 58,910
Supplemental disclosure of cash flow information:      
Cash interest paid during the period 20,180 20,005  
Cash paid for excise taxes during the period 0 3,337  
Cash 12,973 10,168  
Restricted cash 17,593 55,609  
Foreign cash 3,622 28,188 3,151
Total cash, foreign cash, restricted cash, and cash equivalents shown in the consolidated statements of cash flows $ 34,188 $ 93,965 $ 58,910