v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Interest income from investments $ 18,997 $ 17,254 $ 37,592 $ 35,082
Payment-in-kind interest income 3,039 5,250 6,533 9,007
Other income        
Expirations/terminations of unfunded commitments 99 33 545 456
Other fees 10 739 250 1,185
Total investment and other income 22,145 23,276 44,920 45,730
Operating expenses        
Base management fee 3,592 3,268 7,207 6,593
Income incentive fee 1,337 1,259 3,161 1,259
Interest expense and amortization of fees 8,288 6,732 16,149 13,103
Administration Agreement expenses 723 629 1,442 1,232
General and administrative expenses 1,005 1,022 2,023 2,033
Total operating expenses before Income incentive fee waiver 14,945 12,910 29,982 24,220
Income incentive fee waiver (1,337) (1,259) (3,161) (1,259)
Total operating expenses net of Income incentive fee waiver 13,608 11,651 26,821 22,961
Net investment income before excise taxes 8,537 11,625 18,099 22,769
Excise tax expense (200) (350) (640) (756)
Net investment income after excise taxes 8,337 11,275 17,459 22,013
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: 12,900 (32) 12,600 2,200
Net change in unrealized gains (losses) on investments: (10,600) 1,900 (13,275) 1,628
Net realized and unrealized gains/(losses) 2,330 1,899 (633) 3,850
Net increase (decrease) in net assets resulting from operations $ 10,667 $ 13,174 $ 16,826 $ 25,863
Per share information (basic and diluted)        
Net increase (decrease) in net assets per share (in dollars per share) $ 0.26 $ 0.33 $ 0.41 $ 0.64
Weighted average shares of common stock outstanding, Basic (in shares) 40,600 40,234 40,547 40,186
Weighted average shares of common stock outstanding, Diluted (in shares) 40,600 40,234 40,547 40,186
Regular distributions declared per share (in dollars per share) $ 0.23 $ 0.30 $ 0.46 $ 0.60
Investment, Unaffiliated Issuer        
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: $ 12,941 $ (32) $ 12,642 $ 2,222
Net change in unrealized gains (losses) on investments: (10,477) 1,931 (12,816) 1,628
Investment, Affiliated Issuer, Noncontrolled        
Net realized and unrealized gains/(losses)        
Net realized gains (losses) on investments: 0 0 0 0
Net change in unrealized gains (losses) on investments: $ (134) $ 0 $ (459) $ 0