v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities          
Net increase (decrease) in net assets resulting from operations     $ 12,429 $ (44,270)  
Adjustments to reconcile the net increase (decrease) in net assets resulting from operations to net cash provided by operating activities:          
Purchases of investments     (10,576) (55,596)  
Purchases of short-term investments     (567,923) (394,467)  
Interest income paid-in-kind $ (6,630) $ (21,172) (19,025) (35,454)  
Proceeds from sales and paydowns of investments     49,075 132,149  
Proceeds from sales of short-term investments     546,259 298,338  
Realized gain on short-term investments     (2,506) (1,538)  
Net realized (gain) loss on investments     (4,215) 101,643  
Net change in unrealized (appreciation)/depreciation on investments     19,850 14,478  
Amortization of premium and accretion of discount, net     (198) (1,071)  
Amortization of deferred financing costs     447 647  
Increase (decrease) in operating assets and liabilities:          
(Increase) decrease in interest income receivable     (13,163) 3,510  
(Increase) decrease in due from Adviser     0 105  
(Increase) decrease in prepaid and other assets     70 61  
Increase (decrease) in payable for short-term investments purchased     24,170 97,667  
Increase (decrease) in incentive fees payable     0 (35,680)  
Increase (decrease) in management fees payable     (110) (255)  
Increase (decrease) in interest and credit facilities expense payable     (135) (291)  
Increase (decrease) in other accrued expenses and liabilities     (105) (202)  
Net cash provided by operating activities     34,344 79,774  
Cash Flows from Financing Activities          
Deferred financing costs paid     (12) 0  
Proceeds from credit facilities     7,300 35,500  
Repayments of credit facilities     (42,300) (122,000)  
Net cash used in financing activities     (35,012) (86,500)  
Net decrease in cash and cash equivalents     (668) (6,726)  
Cash and cash equivalents, beginning of period     9,352 14,501 $ 14,501
Cash and cash equivalents, end of period $ 8,684 $ 7,775 8,684 7,775 $ 9,352
Supplemental and non-cash operating and financing activities          
Interest expense paid     5,896 9,462  
Non-cash purchases of investments due to reorganization     (6,576) (200,755)  
Non-cash sales of investments due to reorganization     6,576 200,755  
Proceeds from secured borrowing     568,531 296,751  
Payment to secured borrowing     $ (568,531) $ (296,751)