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        
Total investment income $ 14,369 $ 18,838 $ 30,231 $ 37,639
Expenses        
Interest expense 4,810 6,141 9,811 12,326
Base management fees 2,545 2,844 5,103 5,677
Performance-based incentive fees 1,134 1,640 2,492 3,351
Administrative service fees 170 170 341 341
General and administrative expenses 1,129 1,295 2,345 2,248
Total expenses, before fees waived 9,788 12,090 20,092 23,943
Performance-based incentive fees waived (142)   (312)  
Total expenses 9,646 12,090 19,780 23,943
Net investment income before excise tax 4,723 6,748 10,451 13,696
Excise tax 42 186 167 291
Net investment income after excise tax 4,681 6,562 10,284 13,405
Realized and unrealized gains (losses) on investments and foreign currency transactions        
Net realized gains (losses)     (4,335) (21,671)
Foreign currency transactions (1) (769) (27) (798)
Foreign currency forward contracts (51)   (416) 22
Net realized gains (losses) (51) (22,045) (4,778) (22,447)
Net change in unrealized appreciation (depreciation)     3,832 15,524
Translation of assets and liabilities in foreign currencies (2) (10) (6) 31
Foreign currency forward contracts 84 21 390 1
Net change in unrealized appreciation (depreciation) 5,779 17,733 4,216 15,556
Net realized and unrealized gains (losses) on investments and foreign currency transactions 5,728 (4,312) (562) (6,891)
Net increase (decrease) in net assets resulting from operations $ 10,409 $ 2,250 $ 9,722 $ 6,514
Per Common Share Data        
Basic earnings (losses) per common share $ 0.48 $ 0.1 $ 0.44 $ 0.28
Diluted earnings (losses) per common share 0.48 0.1 0.44 0.28
Dividends and distributions declared per common share $ 0.25 $ 0.39 $ 0.51 $ 0.77
Basic weighted average common shares outstanding 21,571,335 23,243,088 21,868,482 23,243,088
Diluted weighted average common shares outstanding 21,571,335 23,243,088 21,868,482 23,243,088
Non-controlled/non-affiliate company investments        
Investment income        
Interest income $ 10,262 $ 13,936 $ 21,320 $ 27,884
Payment-in-kind income 434 500 960 1,033
Fee income 142 765 525 1,248
Dividend income 15 7 15 20
Realized and unrealized gains (losses) on investments and foreign currency transactions        
Net realized gains (losses) 1 (296) (4,335) (691)
Net change in unrealized appreciation (depreciation) 164 (1,200) 1,018 (3,264)
Non-controlled affiliate company investments        
Investment income        
Interest income 198 50 389 50
Payment-in-kind income 93 153 186 311
Realized and unrealized gains (losses) on investments and foreign currency transactions        
Net change in unrealized appreciation (depreciation) 4,885 (1,456) 2,515 (775)
Controlled affiliate company investments        
Investment income        
Interest income 2,162 2,284 4,309 4,568
Dividend income 1,063 1,143 2,527 2,525
Realized and unrealized gains (losses) on investments and foreign currency transactions        
Net realized gains (losses)   (20,980)   (20,980)
Net change in unrealized appreciation (depreciation) $ 648 $ 20,378 $ 299 $ 19,563