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 $ 353 $ 17,232
Net realized (gains) losses on investments 0 395
Net change in unrealized (gains) losses 20,904 8,441
PIK interest capitalized (1,881) (1,476)
Net accretion of discount and amortization of premium (1,818) (1,459)
Amortization of deferred financing costs 842 489
Purchases of investments (81,256) (128,030)
Proceeds from sale of investments and principal repayments 71,092 102,781
Changes in operating assets and liabilities:    
Decrease (increase) in interest receivable (44) (4,151)
Decrease (increase) in receivable for investments sold 169 7,648
Decrease (increase) in other assets (10) (14)
Increase (decrease) in payable for investments purchased (168) 15
Increase (decrease) in management fees payable 444 482
Increase (decrease) in performance-based incentive fees payable 705 788
Increase (decrease) in interest payable (111) (494)
Increase (decrease) in accrued administrative services expense payable 195 (1,052)
Increase (decrease) in other liabilities and accrued expenses 426 445
Net Cash (Used in)/Provided by Operating Activities 9,842 2,040
Financing Activities    
Issuances of debt 53,500 75,500
Payments of debt (34,649) (90,000)
Financing costs paid and deferred 0 (3,290)
Proceeds from issuance of common shares 0 25,000
Distributions paid (23,223) (24,375)
Net Cash (Used in)/Provided by Financing Activities (4,372) (17,165)
Cash, Cash Equivalents and Foreign Currencies    
Net increase (decrease) in cash and cash equivalents during the period 5,470 (15,125)
Effect of foreign exchange rate changes on cash and cash equivalents (19) 68
Cash and cash equivalents at beginning of period 20,458 33,954
Cash, Cash Equivalents and Foreign Currencies at the End of Period 25,909 18,897
Supplemental Disclosure and Non-Cash Information    
Cash interest paid 16,735 19,830
Reinvestment of distributions during the period 1,648 763
PIK interest income $ 1,281 $ 1,525