v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment Income        
PIK interest income $ 649 $ 847 $ 1,281 $ 1,525
Total Investment Income 22,779 24,535 45,278 49,694
Operating Expenses        
Interest and other debt expenses 8,883 9,857 17,466 19,825
Management fees 952 964 1,939 1,911
Performance-based incentive fees 1,445 1,576 2,877 3,231
Administrative service expenses 395 270 856 389
Other general and administrative expenses 991 843 2,004 1,729
Total expenses 12,666 13,510 25,142 27,085
Management fees waived 0 (482) (405) (1,341)
Performance-based incentive fees waived 0 (788) (597) (2,267)
Net Expenses 12,666 12,240 24,140 23,477
Net Investment Income 10,113 12,295 21,138 26,217
Net realized gains (losses):        
Non-controlled/non-affiliated investments 0 (394) 0 (395)
Foreign currency forward contracts 129 (134) 110 (146)
Foreign currency transactions 4 4 9 (3)
Net realized gains (losses) 133 (524) 119 (544)
Net change in unrealized gains (losses)        
Non-controlled/non-affiliated investments (5,951) (3,210) (18,867) (8,235)
Non-controlled/affiliated investments (437) 0 (2,357) 0
Foreign currency forward contracts (10) (39) 168 (39)
Foreign currency translations 41 (185) 152 (167)
Net change in unrealized gains (losses) (6,357) (3,434) (20,904) (8,441)
Net Realized and Change in Unrealized Gains (Losses) (6,224) (3,958) (20,785) (8,985)
Net Increase (Decrease) in Net Assets Resulting from Operations 3,889 8,337 353 17,232
Non-controlled/Non-affiliated Investments        
Investment Income        
Interest income (excluding Payment-in-kind ("PIK") interest income) 21,995 23,543 43,631 47,896
PIK interest income 649 847 1,281 1,525
Other income 135 126 366 254
Non-controlled/Affiliated Investments        
Investment Income        
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 0 $ 19 0 $ 19
Net change in unrealized gains (losses)        
Non-controlled/non-affiliated investments     $ (2,357)