v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net increase (decrease) in net assets resulting from operations $ 16,384,000 $ 15,220,000
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments (74,000) 0
Net realized (gain) loss on foreign currency transactions 2,000 0
Net change in unrealized (appreciation) depreciation on investments 4,150,000 (2,850,000)
Net change in unrealized (appreciation) depreciation on foreign currency translations 136,000 0
Purchases of investment securities (114,794,000) (243,329,000)
Proceeds from sales and principal repayments of investment securities 77,700,000 61,873,000
Interest and fee income paid in kind (2,623,000) (1,497,000)
Net amortization of investment discounts and premiums (1,533,000) (891,000)
Amortization of deferred financing costs 939,000 853,000
Changes in operating assets and liabilities:    
Receivable for investments sold (6,177,000) 126,000
Interest, dividends and fee receivable 157,000 (1,030,000)
Receivable from Adviser 0 460,000
Prepaid expenses and other assets 49,000 230,000
Interest payable (719,000) 3,239,000
Investment income incentive fees payable 538,000 962,000
Management fees payable 268,000 478,000
Accrued capital gains incentive fees (501,000) 0
Payable for investments purchased 3,045,000 (13,607,000)
Accrued expenses and other liabilities 413,000 19,000
Net cash provided by (used in) operating activities (22,640,000) (179,744,000)
Cash flows from financing activities:    
Proceeds from issuance of common stock 36,903,000 50,000,000
Contribution received in advance 475,000 24,299,000
Proceeds from borrowing 148,815,000 394,815,000
Repayments of borrowing (148,740,000) (237,479,000)
Distributions paid in cash (4,612,000) (1,787,000)
Cash paid for foreign currency settlement (2,000) 0
Deferred financing costs paid 0 (2,104,000)
Repayments of repurchase agreements 0 (11,641,000)
Net cash provided by (used in) financing activities 32,839,000 216,103,000
Net increase (decrease) in cash 10,199,000 36,359,000
Cash, beginning of period 27,591,000 8,107,000
Cash, end of period 37,790,000 44,466,000
Supplemental Disclosure of Cash Flow Information    
Cash paid during the period for taxes 14,000 0
Cash paid during the period for interest $ 15,361,000 $ 8,983,000