v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities:    
Net increase in net assets resulting from operations $ 106,571 $ 99,280
Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities:    
Purchases of portfolio company investments (31,010) (166,572)
Proceeds from return of capital on portfolio company investments 862 2,342
Proceeds from sale of portfolio company investments 0 52,120
Net realized gain on portfolio company investments 0 (1,432)
Net change in unrealized appreciation on investments and foreign currency transactions, excluding deferred taxes (91,345) (91,888)
PIK income (6,997) (5,801)
Amortization of deferred financing costs 113 0
Decrease in due to related parties (5,214) (2,517)
(Decrease) increase in accounts payable and other accrued expenses (165) 917
Increase in deferred tax liabilities, net 1,401 8,510
(Increase) decrease in prepaid expenses and other assets (59) 272
Other operating activities 0 107
Net cash used in operating activities (25,843) (104,662)
Financing Activities:    
Proceeds from issuance of common shares 122,016 102,478
Payment on repurchases of common shares (89,563) (48,895)
Proceeds from line of credit 0 30,000
Repayment of line of credit 0 (30,000)
Distributions paid, net of distributions reinvested (16,104) (15,703)
Deferred financing costs (111) (134)
Net cash provided by financing activities 16,238 37,746
Net decrease in cash (9,605) (66,916)
Cash and cash equivalents, beginning of period 84,798 146,319
Cash and cash equivalents, end of period 75,193 79,403
Supplemental disclosure of cash flow information and non-cash financing activities:    
Distributions reinvested 17,921 16,029
Cash interest paid during the period 0 169
Amounts incurred but not paid (including amounts due to related parties):    
Offering costs 78 212
Payable for shares repurchased $ 24,935 $ 16,450