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 $ 20,576 $ 39,911
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized gains (losses) on investments 5,562 3,824
Net change in unrealized appreciation (depreciation) of investments 21,170 10,039
Amortization of purchase discount (1,892) (3,982)
Amortization of deferred financing costs 947 1,223
Non-cash investment income (3,197) (3,415)
(Increase) decrease in operating assets:    
Cash received for purchase of undrawn portion of revolving credit or delayed draw facilities 22 59
Interest and dividend receivable (366) 505
Receivable from unsettled securities sold 2,390 10,303
Other assets (3,968) (11,656)
Increase (decrease) in operating liabilities:    
Payable for unsettled securities purchased (253) 26,089
Interest payable (510) (640)
Management fee payable (181) (150)
Payable to affiliates 317 12
Other liabilities 187 331
Net cash flows provided by (used in) operating activities 134,641 99,998
Cash flows from financing activities    
Proceeds from Wells Credit Facility 26,000 55,000
Repayment of Wells Credit Facility (140,300) (150,600)
Net cash flows (used in) provided by financing activities (114,300) (95,600)
Net increase (decrease) in cash and cash equivalents 20,341 4,398
Cash and cash equivalents at the beginning of the period 25,285 20,399
Cash and cash equivalents at the end of the period 45,626 24,797
Supplemental disclosure of cash flow information    
Cash interest paid 14,638 15,350
Non-cash operating activities:    
Non-cash activity on investments 13,434 16,388
Non-cash financing activities:    
Distribution declared and payable 46,817 52,301
Purchase of investments and delayed draw facilities    
(Increase) decrease in operating assets:    
Cash paid for purchase of investments (66,899) (119,441)
Proceeds from sales and paydowns of investments    
(Increase) decrease in operating assets:    
Proceeds from sales and paydowns/ repayments on drawn revolver 164,792 151,409
Cash paid for purchase of drawn portion of revolving credit facilities    
(Increase) decrease in operating assets:    
Cash paid for purchase of investments (207) (74)
Drawn revolvers    
(Increase) decrease in operating assets:    
Cash paid for purchase of investments (14,375) (12,269)
Proceeds from sales and paydowns/ repayments on drawn revolver $ 10,526 $ 7,920