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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities:      
Net increase in net assets resulting from operations $ 33,902 $ 95,314 $ 50,141
Adjustments to reconcile net increase in net assets resulting from operations to net cash provided by (used in) operating activities:      
Net accretion of discount on investments (16,773) (13,506) (11,032)
Proceeds from principal repayment of investments 443,595 287,480 407,174
Purchase of investments (464,054) (350,203) (550,538)
Paid-in-kind interest and dividends capitalized (44,540) (31,739) (31,446)
Decrease (increase) in short term investments, net 44,628 (102,577) 77,048
Proceeds from sale of investments 42,868 12,771 62,586
Net realized loss on investments 28,313 31,927 32,747
Net change in unrealized depreciation (appreciation) on investments 33,645 (22,219) 5,314
Amortization of debt issuance costs 5,593 4,073 3,175
(Increase) decrease in interest receivable on investments (10,516) (16,372) (2,821)
(Increase) decrease in dividends receivable on investments 0 1,275 (1,275)
(Increase) decrease in receivable due on investments sold and repaid (1,998) 49 1,838
(Increase) decrease in prepaid expenses and other assets 83 (523) (359)
Increase (decrease) in payable for investments purchased (3,673) 4,692 (11,327)
Increase (decrease) in accounts payable and accrued expenses (2) 24 (910)
Increase (decrease) in interest payable (1,987) 2,411 3,481
Increase (decrease) in accrued management fees (132) (31) 251
Increase (decrease) in accrued administrative services expense (150) 453 108
Increase (decrease) in subordinated incentive fee on income payable (651) (450) 1,123
Increase (decrease) in shareholder distribution payable 40 0 0
Net cash provided by (used in) operating activities 88,191 (97,151) 35,278
Financing activities:      
Repurchase of common stock (11,347) (11,518) (15,444)
Shareholders' distributions paid (89,482) (91,961) (66,644)
Repayments under financing arrangements (277,500) (102,500) 0
Borrowings under financing arrangements 302,500 237,344 127,500
Debt issuance costs paid (13,107) (8,538) (1,725)
Net cash (used in) provided by financing activities (88,936) 22,827 43,687
Net (decrease) increase in cash and restricted cash (745) (74,324) 78,965
Cash and restricted cash, beginning of year 8,415 82,739 3,774
Cash and restricted cash, end of year 7,670 8,415 82,739
Supplemental disclosure of cash flow information:      
Cash paid for interest 93,312 79,032 42,930
Supplemental non-cash operating activities:      
Restructuring of portfolio investment 92,673 118,256 50,554
Cash interest receivable exchanged for additional securities $ 2,971 $ 4,661 $ 0