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 $ 45,647 $ 48,919
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments 16,721 (12,419)
Net realized (gain) loss on investments (1,185) 580
Net change in unrealized (appreciation) depreciation on foreign currency forward contracts (4,079) 9,880
Net change in unrealized (appreciation) depreciation on translation of assets and liabilities in foreign currencies (1,217) 2,364
Net accretion of discount and amortization of premium (5,748) (2,981)
Amortization of deferred financing costs 679 501
Amortization of debt issuance costs 251 0
Amortization of offering costs 173 536
Payment-in-kind income capitalized (14,069) (8,015)
Purchases of investments (299,519) (725,876)
Proceeds from sale of investments and principal repayments 210,613 86,706
Changes in operating assets and liabilities:    
Dividend receivable from non-controlled/non-affiliated investments (8) 0
Receivable for investments 13,015 (1,758)
Other assets (3,755) 9
Payable for investments purchased (154) 35,327
Interest payable (1,165) 183
Due to affiliates (1,761) 1,115
Management fees payable 477 0
Income based incentive fees payable 245 0
Capital gains incentive fees payable (1,436) (657)
Shareholder servicing and/or distribution fees payable (363) 541
Accrued expenses and other liabilities (209) 0
Net cash provided by (used in) operating activities (44,915) (569,694)
Cash flows from financing activities:    
Borrowings on debt 273,000 655,328
Repayments of debt (275,200) (324,300)
Deferred financing costs paid 0 (2,492)
Deferred offering costs paid (75) (284)
Proceeds from issuance of Common Shares 133,728 290,831
Common Shares repurchased, net of early repurchase deduction (39,683) (23,060)
Distributions paid in cash (21,313) (17,342)
Net cash provided by (used in) financing activities 70,457 578,681
Net increase (decrease) in cash and cash equivalents 25,542 8,987
Cash and cash equivalents, beginning of period 24,102 10,296
Cash and cash equivalents, end of period 49,644 19,283
Supplemental information and non-cash activities:    
Interest paid during the period 28,466 15,229
Distribution payable 12,619 19,886
Reinvestment of distributions during the period 42,519 26,195
Share repurchases accrued but not paid 61,336 10,734
Taxes paid during the period 1,229 0
Non-cash purchases of investments 0 2,068
Non-cash sales of investments 0 (2,068)
Non-Controlled/Non-Affiliated Investments    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments 14,649 (12,419)
Net realized (gain) loss on investments (1,185) 580
Changes in operating assets and liabilities:    
Interest receivable from non-controlled/non-affiliated investments 2,023 (4,649)
Non-Controlled/Affiliated Investments    
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (appreciation) depreciation on investments 2,072 0
Changes in operating assets and liabilities:    
Interest receivable from non-controlled/non-affiliated investments $ (91) $ 0