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 (decrease) in net assets resulting from operations $ (18,760) $ 18,917
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:    
Purchases of investments (171,852) (162,181)
Paid-in-kind interest income (3,580) (5,280)
Proceeds from sales of investments and principal repayments 129,157 170,684
Net realized (gain) loss on investments, foreign currency forward contraacts, and foreign currency transactions 28,939 8,898
Net change in unrealized (appreciation) depreciation on investments and foreign currency translation 17,393 (790)
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts 502 5,977
Amortization of premium and accretion of discount, net (2,395) (4,157)
Amortization of deferred financing costs 1,293 2,224
Change in operating assets and liabilities:    
(Increase) decrease in receivable for unsettled transactions 7,303 (13,199)
(Increase) decrease in interest and dividend receivable 1,119 1,078
(Increase) decrease in deferred tax asset (39) 523
(Increase) decrease in other assets (521) (1,390)
Increase (decrease) in management fees payable (1,065) 9
Increase (decrease) in incentive fees payable (1,189) (748)
Increase (decrease) in interest and other debt financing costs payable 27 2,071
Increase (decrease) in deferred tax liability 39 (523)
Increase (decrease) in accrued expenses and other liabilities (320) (805)
Net cash provided by (used for) operating activities (13,949) 21,308
Cash flows from financing activities:    
Issuance of unsecured debt 185,000 115,000
Repayment of unsecured debt (296,600)  
Repurchases of common stock (1,667)  
Deferred financing and debt issuance costs paid (4,979) (1,065)
Distributions paid (32,159) (34,838)
Borrowings on credit facilities 437,927 211,367
Repayments on credit facilities (269,385) (325,041)
Net cash provided by (used for) financing activities 18,137 (34,577)
Effect of exchange rate changes on cash denominated in foreign currency 56 (13)
Net increase (decrease) in cash, cash equivalents, restricted cash and cash equivalents and foreign currency 4,244 (13,282)
Cash, cash equivalents, restricted cash and cash equivalents and foreign currency, beginning of period 31,497 39,422
Cash, cash equivalents, restricted cash and cash equivalents and foreign currency, end of period [1] 35,741 26,140
Supplemental and non-cash financing activities:    
Cash paid during the period for interest 27,204 29,189
Cash paid during the period for taxes 2,018 1,708
Accrued but unpaid distributions $ 12,528 $ 15,566
[1] As of June 30, 2026, the balance included cash and cash equivalents of $15,604 (including cash denominated in foreign currency of $3,982) and restricted cash and cash equivalents of $20,137 (including cash denominated in foreign currency of $416). As of June 30, 2025, the balance included cash and cash equivalents of $9,739 (including cash denominated in foreign currency of $1,428) and restricted cash and cash equivalents of $16,401 (including cash denominated in foreign currency of $538).