v3.26.1
Consolidated Statements of Cash Flows - 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 $ 35,045 $ 63,153
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash used in operating activities:    
Net change in unrealized (appreciation) depreciation on investments 23,289 (3,059)
Net change in unrealized (appreciation) depreciation on interest rate swaps 2,124 0
Net change in unrealized (appreciation) depreciation on translation of assets in foreign currencies (835) 0
Net realized (gains) losses on investments (528) (1,342)
Net realized (gains) losses on foreign currency transactions (30) 0
Net realized (gains) losses on interest rate swaps 43 0
Net amortization and accretion of premiums and discounts (5,960) (7,035)
Purchases of investments (437,751) (400,276)
Payment-in-kind interest capitalized (7,515) 0
Sales and repayments of investments, net 348,617 262,311
Amortization of deferred financing costs 1,392 1,426
Amortization of debt issuance costs 705 762
Changes in operating assets and liabilities:    
Unsettled trades receivable (13,882) 2,951
Paydown receivable (1,901) 1,247
Deferred offering expenses (25) (24)
Prepaid expenses and other assets (16) 41
Base management fees payable 489 648
Incentive fees payable (12) 5,152
Accounts payable and accrued expenses 1,838 1,012
Interest and financing fees payable (1,170) (397)
Unsettled trades payable (8,167) 16,479
Net cash used in operating activities (67,369) (54,630)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 438,876 357,000
Payments on revolving credit facilities (348,000) (324,000)
Borrowings of Notes 0 300,000
Repayments of Notes 0 (225,000)
Deferred financing costs (2,487) 0
Debt issuance costs (115) (3,684)
Distributions paid in cash (48,287) (47,089)
Proceeds from issuance of shares of Common Stock 25,003 1,750
Net cash provided by financing activities 64,990 58,977
Net increase (decrease) in cash and cash equivalents (2,379) 4,347
Cash and cash equivalents, beginning of period 56,376 51,760
Cash and cash equivalents, end of period 53,997 56,107
Supplemental and Non-Cash Information    
Cash paid during the period for interest 49,270 45,912
Reinvestment of distributions pursuant to dividend reinvestment plan during the period 13,892 13,649
Non-Controlled/Non-Affiliated Investments    
Changes in operating assets and liabilities:    
Interest receivable (3,243) 2,321
Dividends receivable $ 124 $ 0