v3.25.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities:    
Net increase in net assets resulting from operations $ 67,463 $ 73,148
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net realized (gain) loss on investments and cash equivalents (1,136) 2,508
Net change in unrealized (gain) loss on investments (987) (3,138)
Deferred financing costs/market discount amortization 2,269 2,823
Net accretion of discount on investments (5,217) (7,251)
(Increase) decrease in operating assets:    
Purchase of investments (803,720) (322,116)
Proceeds from disposition of investments 715,678 416,342
Capitalization of payment-in-kind income (5,393) (6,064)
Collections of payment-in-kind income 1,116 2,457
Receivable for investments sold 1,451 (332)
Interest receivable (1,042) 575
Dividends receivable (432) (383)
Prepaid expenses and other assets (613) (163)
Increase (decrease) in operating liabilities:    
Payable for investments and cash equivalents purchased (24,175) (9,596)
Management fee payable 238 (134)
Performance-based incentive fee payable (529) 172
Administrative services expense payable (1,575) 533
Interest payable (1,074) (1,232)
Other liabilities and accrued expenses (39) (922)
Net Cash Provided by (Used in) Operating Activities (57,717) 147,227
Cash Flows from Financing Activities:    
Cash distributions paid (67,102) (67,102)
Proceeds from unsecured borrowings 174,100 0
Repayment of unsecured borrowings (85,000) 0
Proceeds from secured borrowings 631,056 333,611
Repayment of secured borrowings (615,157) (412,257)
Net Cash Provided by (Used in) Financing Activities 37,897 (145,748)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,820) 1,479
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 414,271 344,154
CASH AND CASH EQUIVALENTS AT END OF PERIOD 394,451 345,633
Supplemental disclosure of cash flow information:    
Cash paid for interest 50,071 53,689
Non-cash purchase and disposition of investments $ 0 $ 27,254