v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net increase in net assets resulting from operations $ 25,393 $ 44,158
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized loss on investments and cash equivalents 179 187
Net change in unrealized (gain) loss on investments 10,039 (631)
Deferred financing costs/market discount amortization 1,685 1,495
Net accretion of discount on investments (3,608) (3,472)
(Increase) decrease in operating assets:    
Purchase of investments (321,042) (526,779)
Proceeds from disposition of investments 347,235 403,843
Capitalization of payment-in-kind income (7,360) (3,489)
Collections of payment-in-kind income 38 1,037
Receivable for investments sold 44,193 1,472
Interest receivable (298) 1,530
Dividends receivable 1,573 (2,425)
Prepaid expenses and other assets (236) (618)
Increase (decrease) in operating liabilities:    
Payable for investments and cash equivalents purchased (4,642) (48,606)
Management fee payable (109) 21
Performance-based incentive fee payable (1,635) (543)
Administrative services expense payable (145) (3,031)
Interest payable (190) (1,334)
Other liabilities and accrued expenses 746 470
Net Cash Provided by (Used in) Operating Activities 91,816 (136,715)
Cash Flows from Financing Activities:    
Cash distributions paid (39,279) (44,735)
Proceeds from unsecured borrowings 0 49,820
Repayment of unsecured borrowings 0 (85,000)
Proceeds from secured borrowings 228,924 496,474
Repayment of secured borrowings (223,277) (321,334)
Net Cash Provided by (Used in) Financing Activities (33,632) 95,225
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 58,184 (41,490)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 364,301 414,271
CASH AND CASH EQUIVALENTS AT END OF PERIOD 422,485 372,781
Supplemental disclosure of cash flow information:    
Cash paid for interest $ 31,671 $ 32,421