Related Party Agreements and Transactions - Additional Information (Details)
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3 Months Ended |
6 Months Ended |
|
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|
Jun. 30, 2026
USD ($)
shares
|
Mar. 31, 2026
USD ($)
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2026
USD ($)
Component
shares
|
Jun. 30, 2025
USD ($)
|
Dec. 31, 2025
USD ($)
shares
|
Mar. 06, 2024
USD ($)
|
| Related Party Transaction [Line Items] |
|
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|
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|
|
|
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| Gross assets |
$ 1,222,357,000
|
|
|
|
$ 1,222,357,000
|
|
|
$ 960,114,000
|
|
|
| Management fees |
3,478,000
|
|
|
$ 3,944,000
|
7,091,000
|
|
$ 7,953,000
|
|
|
|
| Incentive fee expense net |
(199,000)
|
|
|
3,523,000
|
2,402,000
|
|
7,452,000
|
|
|
|
| Incentive fees payable |
13,238,000
|
|
|
|
13,238,000
|
|
|
$ 14,444,000
|
|
|
| Administration agreement expenses |
625,000
|
|
|
$ 663,000
|
1,273,000
|
|
$ 1,288,000
|
|
|
|
| Issuance of common stock, value |
$ 43,617,000
|
|
|
|
$ 43,617,000
|
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|
|
|
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| Common stock, shares outstanding | shares |
42,215,377
|
|
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|
42,215,377
|
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|
36,134,037
|
|
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| Unfunded loan commitments |
$ 146,729,000
|
|
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|
$ 146,729,000
|
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|
$ 145,530,000
|
|
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| Amount drawn from credit facility |
350,000,000
|
|
|
|
350,000,000
|
|
|
173,000,000
|
|
|
| Investment owned, fair value |
1,192,350,000
|
[1] |
|
|
1,192,350,000
|
[1] |
|
927,402,000
|
[2],[3] |
|
| Scenario, Pre-incentive fee net income less than 2.0% |
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| Related Party Transaction [Line Items] |
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| Incentive fees |
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|
0
|
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|
|
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|
| Joint Venture |
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| Related Party Transaction [Line Items] |
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| Unfunded loan commitments |
45,640,000
|
|
|
|
45,640,000
|
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|
45,435,000
|
|
$ 70,000,000
|
| Runway-Cadma I LLC | Joint Venture |
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| Related Party Transaction [Line Items] |
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| Unfunded loan commitments |
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|
$ 35,000,000
|
| Receivables or payables |
0
|
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|
0
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|
0
|
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|
| Runway-Cadma I LLC | Joint Venture | Debt Investments |
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| Related Party Transaction [Line Items] |
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| Investment owned, fair value |
24,100,000
|
|
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|
24,100,000
|
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|
23,800,000
|
|
|
| Runway-Cadma I LLC | Joint Venture | Equity Investments |
|
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| Related Party Transaction [Line Items] |
|
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| Investment owned, fair value |
|
|
|
|
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|
200,000
|
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|
| Runway-Cadma I LLC | Joint Venture | Equity Investments | Warrant |
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| Related Party Transaction [Line Items] |
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| Investment owned, fair value |
200,000
|
|
|
|
200,000
|
|
|
|
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| Runway-Cadma I LLC | Joint Venture | Senior secured revolving credit facility |
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| Related Party Transaction [Line Items] |
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| Unfunded loan commitments |
40,000,000
|
|
|
|
40,000,000
|
|
|
|
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|
| Amount drawn from credit facility |
$ 0
|
|
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|
$ 0
|
|
|
|
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| Runway-Cadma I LLC | Joint Venture | SOFR | Senior secured revolving credit facility |
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| Related Party Transaction [Line Items] |
|
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| Variable interest rate |
|
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|
4.15%
|
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|
|
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| Advisory Agreement |
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| Related Party Transaction [Line Items] |
|
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|
|
|
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| Percentage of base management fee |
1.50%
|
|
|
1.50%
|
1.50%
|
|
1.50%
|
|
|
|
| Number of fees components | Component |
|
|
|
|
2
|
|
|
|
|
|
| Management fees |
$ 3,500,000
|
|
|
$ 3,900,000
|
$ 7,100,000
|
|
$ 8,000,000
|
|
|
|
| Management fees payable |
0
|
|
|
|
0
|
|
|
0
|
|
|
| Base management fees waived |
231,900
|
|
|
0
|
$ 472,700
|
|
0
|
|
|
|
| Percentage of incentive fee quarterly catch-up hurdle rate |
|
|
|
|
2.667%
|
|
|
|
|
|
| Percentage of incentive fee annual catch-up hurdle rate |
|
|
|
|
10.668%
|
|
|
|
|
|
| Percentage of pre-incentive fee net investment income |
|
|
|
|
20.00%
|
|
|
|
|
|
| Percentage of aggregate cumulative realized capital gains |
|
|
|
|
20.00%
|
|
|
|
|
|
| Capital gains fee |
|
|
|
|
$ 0
|
|
|
|
|
|
| Incentive fees |
3,600,000
|
|
|
3,500,000
|
6,200,000
|
|
7,500,000
|
|
|
|
| Incentive fee expense net |
(200,000)
|
|
|
|
2,400,000
|
|
|
|
|
|
| Net change in deferred incentive fees |
(2,700,000)
|
|
|
|
(1,500,000)
|
|
|
|
|
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| Capital gains incentive fee accrued |
0
|
|
|
|
$ 0
|
|
|
0
|
|
|
| Advisory Agreement | Scenario, more than $500M but less than $1B |
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
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| Percentage of base management fee |
|
|
|
|
1.60%
|
|
|
|
|
|
| Advisory Agreement | Scenario, more than $500M but less than $1B | Minimum |
|
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|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
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| Gross assets |
500,000,000
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
| Advisory Agreement | Scenario, more than $500M but less than $1B | Maximum |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
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| Gross assets |
$ 1,000,000,000
|
|
|
|
$ 1,000,000,000
|
|
|
|
|
|
| Advisory Agreement | Scenario, less than $1B |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
0.40%
|
|
0.40%
|
|
|
|
|
|
|
|
| Gross assets |
|
|
|
|
|
|
|
1,000,000
|
|
|
| Advisory Agreement | Scenario, up to $500M |
|
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
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| Percentage of base management fee |
|
|
|
|
1.75%
|
|
|
|
|
|
| Advisory Agreement | Scenario, up to $500M | Maximum |
|
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|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
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|
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|
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| Gross assets |
$ 500,000,000
|
|
|
|
$ 500,000,000
|
|
|
|
|
|
| Advisory Agreement | Scenario, more than $1B |
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
|
|
|
|
1.50%
|
|
|
|
|
|
| Advisory Agreement | Scenario, more than $1B | Minimum |
|
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Gross assets |
|
|
$ 1,000,000,000
|
|
|
|
|
|
|
|
| Advisory Agreement | Scenario, Minimum |
|
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|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
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|
|
|
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|
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| Percentage of incentive fee quarterly hurdle rate |
|
|
|
|
2.00%
|
|
|
|
|
|
| Percentage of incentive fee annual hurdle rate |
|
|
|
|
8.00%
|
|
|
|
|
|
| Advisory Agreement | Scenario, Pre-incentive fee net income less than 2.0% |
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
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| Percentage of incentive fee quarterly hurdle rate |
|
|
|
|
2.00%
|
|
|
|
|
|
| Advisory Agreement | Scenario, 80% of the portion of pre-incentive fee net income that is between 2.0% and 2.667% |
|
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of incentive fee quarterly catch-up hurdle rate |
|
|
|
|
2.667%
|
|
|
|
|
|
| Percentage of pre-incentive fee net investment income |
|
|
|
|
80.00%
|
|
|
|
|
|
| Advisory Agreement | Scenario, 80% of the portion of pre-incentive fee net income that is between 2.0% and 2.667% | Maximum |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of incentive fee quarterly catch-up hurdle rate |
|
|
|
|
2.667%
|
|
|
|
|
|
| Percentage of incentive fee annual catch-up hurdle rate |
|
|
|
|
10.668%
|
|
|
|
|
|
| Advisory Agreement | Scenario, 20% of portion of pre-incentive fee net income that is over 2.667% |
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of pre-incentive fee net investment income |
|
|
|
|
20.00%
|
|
|
|
|
|
| Advisory Agreement | Scenario, 20% of portion of pre-incentive fee net income that is over 2.667% | Minimum |
|
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of incentive fee quarterly catch-up hurdle rate |
|
|
|
|
2.667%
|
|
|
|
|
|
| Percentage of incentive fee annual catch-up hurdle rate |
|
|
|
|
10.668%
|
|
|
|
|
|
| Advisory Agreement | Payable in Cash |
|
|
|
|
|
|
|
|
|
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| Related Party Transaction [Line Items] |
|
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|
|
|
|
|
|
|
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| Incentive fees |
2,500,000
|
|
|
2,300,000
|
$ 3,900,000
|
|
5,400,000
|
|
|
|
| Incentive fees payable |
2,500,000
|
|
|
|
2,500,000
|
|
|
2,200,000
|
|
|
| Advisory Agreement | Deferred Payments |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Incentive fees |
1,100,000
|
|
|
1,200,000
|
2,300,000
|
|
2,100,000
|
|
|
|
| Incentive fees reversal |
3,800,000
|
|
|
|
3,800,000
|
|
|
|
|
|
| Incentive fees payable |
$ 10,751,000
|
|
|
|
$ 10,751,000
|
|
|
12,249,000
|
|
|
| Advisory Agreement | Quarterly Base Rate | Scenario, more than $500M but less than $1B |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
|
|
|
|
0.40%
|
|
|
|
|
|
| Advisory Agreement | Quarterly Base Rate | Scenario, less than $1B |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
0.375%
|
|
0.375%
|
|
|
|
|
|
|
|
| Advisory Agreement | Quarterly Base Rate | Scenario, up to $500M |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
|
|
|
|
0.4375%
|
|
|
|
|
|
| Advisory Agreement | Quarterly Base Rate | Scenario, more than $1B |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of base management fee |
|
|
|
|
0.375%
|
|
|
|
|
|
| Administration Agreement |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Administration agreement expenses |
$ 600,000
|
|
|
700,000
|
$ 1,300,000
|
|
1,300,000
|
|
|
|
| Administration Agreement | Location, Statement of Income, Balance [Axis]: us-gaap:AdministrativeFeesExpense |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Administration agreement expenses |
500,000
|
|
|
500,000
|
1,000,000
|
|
900,000
|
|
|
|
| Administration Agreement | Affiliated Entity |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Accrued expenses |
800,000
|
|
|
|
800,000
|
|
|
600,000
|
|
|
| Administration Agreement | Third-party Administrator |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Accrued expenses |
0
|
|
|
|
0
|
|
|
$ 300,000
|
|
|
| Administration agreement expenses |
$ 100,000
|
|
|
$ 200,000
|
$ 300,000
|
|
$ 400,000
|
|
|
|
| Oaktree Capital Management, L.P |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Percentage of common stock shares issued and outstanding |
|
|
|
|
16.60%
|
|
|
|
|
|
| Percentage of common stock initial capital commitment |
|
|
|
|
33.00%
|
|
|
|
|
|
| Common stock initial capital commitment |
|
|
|
|
$ 125,000,000
|
|
|
|
|
|
| Common stock initial capital commitment shares | shares |
|
|
|
|
2,763,810
|
|
|
|
|
|
| Oaktree Capital Management, L.P | Initial and Second Private Offering |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Issuance of common stock, shares | shares |
|
|
|
|
14,571,334
|
|
|
|
|
|
| Issuance of common stock, value |
|
|
|
|
$ 219,300,000
|
|
|
|
|
|
| OCM Growth Holding, LLC |
|
|
|
|
|
|
|
|
|
|
| Related Party Transaction [Line Items] |
|
|
|
|
|
|
|
|
|
|
| Common stock, shares outstanding | shares |
7,029,668
|
|
|
|
7,029,668
|
|
|
|
|
|
|
|