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 $ 6,408 $ 7,626
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Purchases of investments (87,557) (91,553)
Payment-in-kind interest capitalized (665) (211)
Proceeds from sales of investments and principal repayments 21,162 17,648
Net realized (gain) loss on investments (71) (55)
Net realized (gain) loss on foreign currency transactions (32) (1)
Net change in unrealized (appreciation) depreciation on investments 5,483 576
Net change in unrealized (appreciation) depreciation on foreign currency (21) 199
Amortization of premium and accretion of discount, net (577) (687)
Amortization of deferred financing costs 154 177
Change in operating assets and liabilities:    
Receivable for investments sold 8 419
Interest receivable (233) (267)
Other assets 315
Deposit for investment (7,650)
Interest and borrowing expenses payable (328) 74
Incentive fee payable (1,377) (759)
Management fees payable 101 113
Payable for investments purchased 1,146 4,368
Administrator and custodian fees payable 10 10
Professional fees payable (37) 169
Current income tax liability (4,568) (28)
Deferred income tax liability (265)
Accrued expenses and other liabilities 211 275
Net cash provided by (used in) operating activities (60,733) (69,557)
Cash flows from financing activities    
Distributions paid (29,888)
Proceeds from issuance of common units 43,750 40,000
Payments of financing costs (425) (511)
Borrowings of debt 22,000 34,000
Repayments of debt (34,000)
Net cash provided by (used in) financing activities 1,437 73,489
Net increase (decrease) in cash and cash equivalents (59,296) 3,932
Effect of foreign exchange rate changes on cash and cash equivalents 53 (198)
Cash and cash equivalents and cash denominated in foreign currencies at beginning of period 73,353 14,444
Cash and cash equivalents and cash denominated in foreign currencies, end of period [1] 14,110 18,178
Supplemental and non-cash activities    
Cash paid during the period for interest 7,189 6,717
Accrued but unpaid distributions 5,008
Reinvestment of distributions 2,244
Tax paid during the period 6,759 2,025
Non-cash investment restructures $ 1,772
[1] As of June 30, 2026, the balance includes $5,744 in cash, $8,209 in cash equivalents, and $157 in cash denominated in foreign currencies. As of June 30, 2025, the balance includes $4,382 in cash, $13,671 in cash equivalents, and $125 in cash denominated in foreign currencies.