v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net increase (decrease) in net assets resulting from operations $ 5,377,365 $ 24,546,217
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:    
Purchases of investments (175,692,215) (253,896,924)
Payment-in-kind interest capitalized (2,970,602) (3,275,973)
Proceeds from sales of investments and principal repayments 73,397,427 152,632,031
Net realized (gain) loss on investments (287,731) (3,428,181)
Net change in unrealized (appreciation) depreciation on investments 26,079,189 6,590,295
Amortization of premium and accretion of discount, net (2,867,422) (4,165,949)
Amortization of discount, debt issuance and deferred financing costs 2,093,111 2,449,195
Increase (decrease) in operating assets and liabilities:    
(Increase) decrease in receivable for investments sold (1,592,534) 5,875
(Increase) decrease in interest receivable 1,084,893 (354,504)
Increase (decrease) in payable for investments purchased 1,646,902 38,859
Increase (decrease) in management fees payable (338,194) 379,709
Increase (decrease) in payable to Adviser (134,040) (646,911)
Increase (decrease) in administrator and custodian fees payable 697,373 578,364
Increase (decrease) in professional fees payable 79,509 541,875
Increase (decrease) in accrued tax liability (162,033) (18,539)
Increase (decrease) in incentive fee payable (317,076) 90,431
Increase (decrease) in directors' fees payable 64,991 0
Increase (decrease) in transfer agent fees payable (367) 4,501
Increase (decrease) in trustee fees payable 42,724 0
Increase (decrease) in interest and borrowing expenses payable 5,898,063 (293,976)
Increase (decrease) in accrued expenses and other liabilities (6,442) 114,020
Net cash provided by (used for) operating activities (67,907,109) (78,109,585)
Cash flows from financing activities    
Issuance of common stock 38,993,605 46,074,834
Contribution of Non-Controlling Interest into ABPCIC Equity Holdings, LLC 4,641 7,553
Repurchase of common stock (16,055,057) (15,159,114)
Distributions paid (14,333,194) (12,430,765)
Financing costs paid (1,460,305) (2,941,678)
Borrowings on notes 0 163,000,000
Repayments of notes 0 (171,750,000)
Borrowings on credit facility 257,250,000 321,050,000
Repayments of credit facility (221,000,000) (239,500,000)
Repayments on secured borrowings 0 (2,845,117)
Net cash provided by (used for) financing activities 43,399,690 85,505,713
Net increase (decrease) in cash (24,507,419) 7,396,128
Cash and cash equivalents, beginning of period 105,808,043 52,178,854
Cash and cash equivalents, end of period 81,300,624 59,574,982
Supplemental and non-cash financing activities    
Cash paid during the period for interest 27,829,025 36,414,261
Issuance of common shares pursuant to distribution reinvestment plan 17,232,754 15,178,941
State taxes paid $ 141,769 $ 396,618