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 in net assets resulting from operations     $ 50,199 $ 23,341  
Adjustments to reconcile the net increase in net assets resulting from operations to net cash used in operating activities:          
Purchases of investments     (258,689) (431,989)  
Interest income paid-in-kind $ (2,095) $ (4,277) (4,765) (8,342)  
Proceeds from sales and paydowns of investments     174,005 121,706  
Net realized (gain) loss on investments     11,203 75  
Change in net unrealized (appreciation)/depreciation on investments     (29,180) 21,029  
Amortization of premium and accretion of discount, net     (3,569) (3,703)  
Amortization of deferred financing costs     329 1,655  
Increase (decrease) in operating assets and liabilities:          
(Increase) decrease in interest income receivable     (1,769) (1,308)  
(Increase) decrease in receivable for investment sold     (564) (46)  
(Increase) decrease in due from Adviser     52 0  
(Increase) decrease in interfund receivable for investments transferred     (12,003) 0  
(Increase) decrease in interfund receivable for cash transferred     (5,433) 0  
(Increase) decrease in prepaid and other assets     (477) 73  
Increase (decrease) in incentive fee payable     8,988 4,119  
Increase (decrease) in management fees payable     274 977  
Increase (decrease) in interest and credit facility expense payable     (1,123) 542  
Increase (decrease) in interfund payable for investments transferred     5,846 0  
Increase (decrease) in directors' fees payable     128 99  
Increase (decrease) in other accrued expenses and other liabilities     (399) (378)  
Net cash used in operating activities     (66,947) (272,150)  
Cash Flows from Financing Activities          
Contribution from Members     69,500 239,000  
Distributions to Members from distributable earnings     (25,000) (50,000)  
Deferred financing costs paid     (1,839) (182)  
Net cash transferred in Exchange Offer     (17,370) 0  
Proceeds from credit facilities     274,300 276,200  
Repayment of credit facilities     (256,500) (237,000)  
Net cash provided by financing activities     43,091 228,018  
Net decrease in cash and cash equivalents     (23,856) (44,132)  
Cash and cash equivalents, beginning of period     52,311 92,946 $ 92,946
Cash and cash equivalents, end of period $ 28,455 $ 48,814 28,455 48,814 $ 52,311
Supplemental and non-cash financing activities          
Interest expense paid     11,033 16,225  
Payable for cash transferred pursuant to Exchange Offer     (14,768) 0  
Non-cash purchases of investments due to reorganization     (22,836) 0  
Non-cash sales of investments due to reorganization     $ 22,836 $ 0