v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income:        
Paid-in-kind interest     $ 3,580 $ 5,280
Total investment income $ 36,323 $ 42,992 74,235 85,121
Expenses:        
Interest and other debt financing costs 14,863 15,151 28,605 29,787
Management fees 3,977 5,089 8,899 10,127
Income based incentive fees 2,307 3,579 5,295 7,098
Professional fees 603 898 1,160 1,633
Directors’ fees 163 163 332 327
Other general and administrative expenses 840 861 1,749 1,828
Total expenses 22,753 25,741 46,040 50,800
Management fees waiver (5) (13) (12) (33)
Income based incentive fees waiver (29) (23) (1,441) (55)
Net expenses 22,719 25,705 44,587 50,712
Net investment income before taxes 13,604 17,287 29,648 34,409
Provision for income and excise taxes 506 400 1,058 901
Net investment income 13,098 16,887 28,590 33,508
Net realized gain (loss) on:        
Foreign currency transactions 71 (456) 783 (99)
Net change in unrealized appreciation (depreciation) on:        
Net realized and unrealized gains (losses) on investments (16,145) (1,874) (47,150) (14,591)
Benefit (provision) for taxes on unrealized appreciation (depreciation) on investments (200) 0 (200) 0
Net increase (decrease) in net assets resulting from operations $ (3,247) $ 15,013 $ (18,760) $ 18,917
Per common share data:        
Net increase (decrease) in net assets resulting from operations per share (basic): $ (0.09) $ 0.41 $ (0.51) $ 0.51
Net increase (decrease) in net assets resulting from operations per share (diluted): $ (0.09) $ 0.41 $ (0.51) $ 0.51
Weighted average shares outstanding (basic): 36,854,446 37,061,547 36,888,816 37,061,547
Weighted average shares outstanding (diluted): 36,854,446 37,061,547 36,888,816 37,061,547
Foreign Currency Forward Contracts        
Net realized gain (loss) on:        
Foreign currency transactions $ 203 $ 0 $ 203 $ 0
Foreign currency forward contracts 203 0 203 0
Net change in unrealized appreciation (depreciation) on:        
Foreign currency forward contracts (427) (5,120) (502) (5,977)
Non-controlled Non-affiliated Investments        
Investment Income:        
Interest income 32,540 36,178 64,744 73,156
Paid-in-kind interest 1,631 2,595 3,115 4,088
Dividend income 183 172 944 172
Other income 387 1,048 767 1,918
Net realized gain (loss) on:        
Net realized gain (loss) on investments (10,444) (2,445) (20,930) (5,505)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation (4,961) 4,236 (17,170) (5,923)
Non-controlled Affiliated Investments        
Investment Income:        
Interest income 79 642 624 1,500
Paid-in-kind interest 250 542 413 806
Dividend income 0 0 0 258
Other income 45 0 45 0
Net realized gain (loss) on:        
Net realized gain (loss) on investments 0 0 1,598 (0)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation 986 (744) (2,160) (411)
Controlled Investments        
Investment Income:        
Interest income 96 210 271 415
Paid-in-kind interest 72   72 0
Dividend income 1,040 1,600 3,240 2,800
Other income 0 5 0 8
Net realized gain (loss) on:        
Net realized gain (loss) on investments (7,482) (0) (10,909) (3,800)
Net change in unrealized appreciation (depreciation) on:        
Net change in unrealized appreciation (depreciation) on investments and foreign currency translation $ 5,909 $ 2,655 $ 1,937 $ 7,124