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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Dec. 31, 2022
Investment income          
Fee income $ 1,631 $ 2,567 $ 4,694 $ 4,009 $ 9,544
Total investment income 58,496 43,552 123,471 85,235 194,898
Operating expenses          
Management fees 6,546 6,839 13,222 13,494 27,361
Administrative services expense 910 781 1,747 1,501 3,348
Subordinated incentive fee on income     11,300 8,224 18,710
General and administrative 2,074 1,712 4,029 3,934 7,278
Interest expense 20,467 10,841 39,776 19,300 49,624
Total operating expenses 34,962 24,264 70,074 46,453 106,321
Net investment income before taxes 23,534 19,288 53,397 38,782 88,577
Income tax expense, including excise tax 118 0 123 11 372
Net investment income after taxes 23,416 19,288 53,274 38,771 88,205
Realized and unrealized (losses) gains          
Net realized (losses) gains (18,928) 180 (23,453) 111 (32,747)
Foreign currency 0 0 0 0 (3)
Net realized (losses) gains (18,928) 180 (23,453) 111 (32,750)
Net change in unrealized appreciation (depreciation) 23,406 (20,734) (32,972) (32,259) (5,314)
Net realized and unrealized gains (losses) 4,478 (20,554) (56,425) (32,148) (38,064)
Net increase (decrease) in net assets resulting from operations $ 27,894 $ (1,266) $ (3,151) $ 6,623 $ 50,141
Per share information—basic and diluted          
Net increase (decrease) in net assets per share resulting from operations (in dollars per share) $ 0.51 $ (0.02) $ (0.06) $ 0.12 $ 0.89
Net investment income per share (in dollars per share) $ 0.43 $ 0.34 $ 0.97 $ 0.68 $ 1.56
Weighted average shares of common stock outstanding - basic (in shares) 54,788,740 56,958,440 54,948,225 56,958,440 56,556,510
Weighted average shares of common stock outstanding - diluted (in shares) 54,788,740 56,958,440 54,948,225 56,958,440 56,556,510
Non-controlled, non-affiliated investments          
Investment income          
Interest income $ 47,117 $ 31,749 $ 89,885 $ 62,743 $ 140,560
Paid-in-kind interest income 4,297 4,613 9,128 9,219 22,737
Fee income 1,154 2,554 2,297 3,503 9,019
Dividend income 0 0 0 46 103
Realized and unrealized (losses) gains          
Net realized (losses) gains (18,928) 180 (23,453) 208 (11,217)
Net change in unrealized appreciation (depreciation) 23,396 (17,482) (17,690) (24,977) (19,807)
Non-controlled, affiliated investments          
Investment income          
Interest income 1,734 1,545 4,208 2,568 5,865
Paid-in-kind interest income 1,751 874 3,482 2,319 6,204
Fee income 477 13 2,397 506 525
Dividend income 52 53 3,933 53 79
Realized and unrealized (losses) gains          
Net realized (losses) gains 0 0 0 (97) (21,530)
Net realized (losses) gains     0   (21,530)
Net change in unrealized appreciation (depreciation) 595 (1,577) (9,695) (5,357) 13,523
Controlled investments          
Investment income          
Interest income 1,914 1,742 3,891 3,869 6,049
Paid-in-kind interest income 0 409 0 409 2,482
Dividend income 0 0 4,250 0 1,275
Realized and unrealized (losses) gains          
Net realized (losses) gains     0   0
Net change in unrealized appreciation (depreciation) $ (585) $ (1,675) $ (5,587) $ (1,925) $ 970