v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - 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 $ 19,632 $ 12,871
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 (91) 528
Net change in unrealized (gains) losses (net of the change in deferred tax liability) 3,240 1,007
Net accretion of discount on investments (1,314) (861)
Amortization of deferred financing costs 541 307
Payment-in-kind interest income (1,490) (302)
Purchases of portfolio investments (86,768) (339,297)
Sales or repayments of portfolio investments 90,723 33,811
Increase (decrease) in operating assets and liabilities:    
(Increase) decrease in interest receivable 1,191 (4,267)
(Increase) decrease in due from affiliates 1,437 (315)
(Increase) decrease in receivable for paydowns of investments 171 (144)
(Increase) decrease in prepaid expenses and other assets 595 859
Increase (decrease) in management fees payable 29 515
Increase (decrease) in interest payable 111 1,300
Increase (decrease) in incentive fee payable 131 509
Increase (decrease) in due to affiliates 265 (271)
Increase (decrease) in accrued administration fees (118) (269)
Increase (decrease) in accrued other general expenses 483 (219)
Net cash provided by (used in) operating activities 28,768 (294,238)
Cash Flows provided by (used in) Financing Activities:    
Borrowings on Secured Loan Facility 20,200 212,500
Repayments on Secured Loan Facility (64,387) (87,318)
Borrowings on Credit Facility 37,000 0
Proceeds from Secured Borrowing 0 89,846
Repayments on Secured Borrowing 0 (79,574)
Deferred financing costs paid (97) (2,750)
Distributions paid in cash (23,205) (10,965)
Proceeds from issuance of shares 10,000 160,214
Net cash provided by (used in) financing activities (20,489) 281,953
Net increase (decrease) in cash and cash equivalents 8,279 (12,285)
Cash and cash equivalents and restricted cash, beginning of period 10,235 22,885
Cash and cash equivalents and restricted cash, end of period 18,514 10,600
Supplemental and Non-Cash Information:    
Interest paid during the period 14,823 9,245
Reinvestment of distributions during the period $ 11 $ 9