v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities    
Net increase (decrease) in net assets resulting from operations $ 6,109 $ 24,120
Net realized (gains) losses on investments 5,102 9,892
Net change in unrealized (gains) losses 22,279 4,900
PIK interest capitalized (1,847) (2,357)
Net accretion of discount and amortization of premium (3,042) (2,307)
Amortization of deferred financing costs 1,269 917
Purchases of investments (127,559) (176,016)
Proceeds from sale of investments and principal repayments 119,295 169,344
Changes in operating assets and liabilities:    
Decrease (increase) in interest receivable (648) (5,773)
Decrease (increase) in receivable for investments sold 284 7,375
Decrease (increase) in other assets (6) 0
Increase (decrease) in payable for investments purchased 844 84
Increase (decrease) in management fees payable (504) 504
Increase (decrease) in performance-based incentive fees payable (740) 827
Increase (decrease) in interest payable 8 (617)
Increase (decrease) in accrued administrative services expense payable 409 (1,144)
Increase (decrease) in other liabilities and accrued expenses 866 558
Net Cash (Used in)/Provided by Operating Activities 22,119 30,307
Financing Activities    
Issuances of debt 81,100 96,136
Payments of debt (73,640) (156,000)
Financing costs paid and deferred 0 (3,290)
Proceeds from issuance of common shares 0 50,000
Distributions paid (32,366) (36,125)
Net Cash (Used in)/Provided by Financing Activities (24,906) (49,279)
Cash, Cash Equivalents and Foreign Currencies    
Net increase (decrease) in cash and cash equivalents during the period (2,787) (18,972)
Effect of foreign exchange rate changes on cash and cash equivalents (23) 35
Cash and cash equivalents at beginning of period 20,458 33,954
Cash, Cash Equivalents and Foreign Currencies at the End of Period 17,648 15,017
Supplemental Disclosure and Non-Cash Information    
Cash interest paid 25,221 29,237
Reinvestment of distributions during the period 2,325 1,587
PIK interest income $ 1,696 $ 2,388