v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Total investment income $ 37,026 $ 35,147 $ 66,476 $ 70,545
Operating expenses        
Management fees 3,478 3,944 7,091 7,953
Incentive fees (199) 3,523 2,402 7,452
Interest and other debt financing expenses 13,001 11,764 23,487 22,051
Professional fees 1,046 677 1,650 1,131
Administration agreement expenses 625 663 1,273 1,288
Insurance expense 199 161 359 316
Tax expense 311 140 581 250
Other expenses 374 327 818 557
Total operating expenses 18,835 21,199 37,661 40,998
Net investment income 18,191 13,948 28,815 29,547
Net realized and net change in unrealized gain (loss)        
Net realized gain (loss) on investments (44,384) (1,501) (43,127) 4,556
Net realized gain (loss) on forward contracts and foreign currency transactions (873) (11) (878) (11)
Net realized gain (loss) (45,257) (1,512) (44,005) 4,545
Net change in unrealized gain (loss) on investments 54,192 5,720 7,110 (14,070)
Net change in unrealized gain (loss) on forward contracts and foreign currency transactions 176 (1,359) 711 (1,359)
Net change in unrealized gain (loss) on secured borrowings (109) 0 (255) 0
Net change in unrealized gain (loss) 54,259 4,361 7,566 (15,429)
Net realized and unrealized gain (loss) 9,002 2,849 (36,439) (10,884)
Net increase (decrease) in net assets resulting from operations $ 27,193 $ 16,797 $ (7,624) $ 18,663
Net increase (decrease) in net assets resulting from operations per common share, Basic $ 0.65 $ 0.45 $ (0.19) $ 0.5
Net increase (decrease) in net assets resulting from operations per common share, Diluted $ 0.65 $ 0.45 $ (0.19) $ 0.5
Weighted average shares outstanding, Basic 42,074,771 37,103,061 39,120,815 37,224,569
Weighted average shares outstanding, Diluted 42,074,771 37,103,061 39,120,815 37,224,569
From Non-controlled/ Non-affiliated Investments        
Investment income        
Interest income $ 34,707 $ 30,490 $ 58,298 $ 60,599
Payment in-kind interest income 1,546 3,987 6,179 7,638
Dividend income 53 188 306 506
Fee income 244 314 661 543
Net realized and net change in unrealized gain (loss)        
Net realized gain (loss) on investments (44,384) (1,501) (44,177) (4,387)
Net change in unrealized gain (loss) on investments 54,192 5,595 7,768 (4,204)
Affiliate Investments        
Net realized and net change in unrealized gain (loss)        
Net realized gain (loss) on investments 0 0 0 8,943
Net change in unrealized gain (loss) on investments 0 0 0 (9,925)
Investment Affiliated Issuer Noncontrolled        
Investment income        
Interest income 0 0 0 646
Fee income 0 0 0 256
Control Investments        
Investment income        
Interest income 370 0 864 0
Other income 106 168 168 357
Operating expenses        
Net investment income     864  
Net realized and net change in unrealized gain (loss)        
Net realized gain (loss) on investments 0 0 1,050 0
Net change in unrealized gain (loss) on investments $ 0 $ 125 $ (658) $ 59