v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities    
Net increase (decrease) in net assets resulting from operations $ 18,932 $ 19,603
Net realized (gains) losses (1,166) (605)
Net change in unrealized (gains) losses 6,966 109
PIK interest capitalized (1,426) 301
Purchase of investments (103,807) (509,919)
Proceeds from sale of investments and principal repayments 45,124 10,303
Changes in operating assets and liabilities:    
Decrease (increase) in due from counterparties (178) 0
Decrease (increase) in receivable for investments sold 0 (3,051)
Decrease (increase) in interest receivable (542) (3,261)
Decrease (increase) in other assets (1,093) (79)
Increase (decrease) in administration fees payable (87) 231
Increase (decrease) in management fees payable 69 999
Increase (decrease) in payable for investments purchased 2,482 685
Increase (decrease) in professional fees payable 0 (65)
Increase (decrease) in accrued organizational costs 0 (6)
Increase (decrease) in other liabilities and accrued expenses (23) 266
Net Cash (Used in)/Provided by Operating Activities (34,749) (484,489)
Financing Activities    
Proceeds from extinguishment of common shares 0 2
Proceeds from issuance of common shares 45,000 500,755
Net Cash (Used in)/Provided by Financing Activities 45,000 500,757
Cash, Cash Equivalents    
Net increase (decrease) in cash, cash equivalents during the period 10,251 16,268
Cash, cash equivalents at beginning of period 30,506 2
Cash, Cash Equivalents at the End of Period 40,757 16,270
Non-Cash Activity    
PIK interest income $ 1,494 $ 348