v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2026
Jun. 30, 2025
Operating Activities      
Net increase (decrease) in net assets resulting from operations $ 19,589 $ 19,092 $ 25,169
Net realized (gains) losses (2,244) (2,560) (1,369)
Net change in unrealized (gains) losses 138 16,812 263
PIK interest capitalized   (3,200) 698
Purchase of investments   (242,745) (1,185,011)
Proceeds from sale of investments and principal repayments   105,258 24,160
Amortization of deferred financing costs   746 645
Changes in operating assets and liabilities:      
Decrease (increase) in receivable for investments sold     (7,217)
Decrease (increase) in due from counterparties   (4,072) (9,814)
Decrease (increase) in interest receivable   594 (6,561)
Decrease (increase) in other assets   (307) (261)
Increase (decrease) in payable for investments purchased   5,567 1,604
Increase (decrease) in interest payable   (1,752) 7,377
Increase (decrease) in performance-based incentive fees payable   (338) 1,688
Increase (decrease) in administration fees payable   (31) 256
Increase (decrease) in professional fees payable     (65)
Increase (decrease) in accrued organizational costs     (3)
Increase (decrease) in management fees payable   147 1,127
Increase (decrease) in other liabilities and accrued expenses   (34) 311
Net Cash (Used in)/Provided by Operating Activities   (106,823) (1,147,003)
Financing Activities      
Issuances of debt   132,808 621,998
Payments of debt   (124,000)  
Financing costs paid and deferred     (5,293)
Proceeds from extinguishment of common shares     2
Proceeds from issuance of common shares 40,000 105,000 563,335
Net Cash (Used in)/Provided by Financing Activities   113,808 1,180,042
Cash, Cash Equivalents      
Net increase (decrease) in cash, cash equivalents during the period   6,985 33,039
Cash, cash equivalents at beginning of period   36,877 2
Cash, Cash Equivalents at the End of Period 43,862 43,862 33,041
Supplemental Disclosure of Cash Flow Information      
Cash interest paid   26,858 12,307
Non-Cash Activity      
PIK interest income $ 2,103 $ 3,463 $ 804