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 $ 9,722 $ 6,514
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by / (used in) operating activities:    
Payment-in-kind income (1,146) (1,344)
Net realized (gains) losses on investments 4,335 21,671
Net realized loss on foreign currency transactions   821
Net unrealized (appreciation) depreciation on investments (3,832) (15,524)
Net unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies 6 (31)
Net unrealized (appreciation) depreciation on foreign currency forward contracts (390) (1)
Accretion of discount (1,172) (1,922)
Amortization of deferred financing costs 615 624
Acquisition of investments (58,633) (90,469)
Proceeds from principal payments and sales of portfolio investments 45,486 60,690
Proceeds from sales of portfolio investments to STRS JV 24,409 39,846
Net changes in operating assets and liabilities:    
Interest and dividend receivable 667 (226)
Prepaid expenses and other receivables (15) 1
Amounts receivable on unsettled investment transactions (646) (1,367)
Amounts payable on unsettled investment transactions   (3,539)
Management fees payable (115) (88)
Incentive fees payable (3,357) (105)
Accounts payable and accrued expenses (540) (663)
Interest payable (69) (326)
Advances received from unfunded credit facilities (58) 132
Net cash provided by / (used in) operating activities 15,267 14,694
Cash flows from financing activities    
Proceeds from notes issued   174,000
Purchases of common stock, net of offering costs (5,574)  
Borrowings from debt   39,700
Repayments of debt   (202,014)
Deferred financing costs   (3,071)
Distributions paid to common stockholders (11,348) (17,898)
Net cash provided by / (used in) financing activities (16,922) (9,283)
Effect of exchange rate changes on cash (6) 32
Net change in cash, cash equivalents and restricted cash (1,661) 5,443
Cash, cash equivalents and restricted cash at beginning of period 29,725 27,836
Cash, cash equivalents and restricted cash at end of period 28,064 33,279
Supplemental and non-cash disclosure of cash flow information:    
Interest paid 9,265 $ 12,027
Non-cash exchanges of investments $ 2,300