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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Operating activities:      
Net (decrease) increase in net assets resulting from operations $ (42,705) $ 6,445 $ 33,902
Adjustments to reconcile net (decrease) increase in net assets resulting from operations to net cash provided by operating activities:      
Net accretion of discount on investments (1,796) (11,665) (16,773)
Proceeds from principal repayment of investments 36,045 190,574 443,595
Purchase of investments (64,895) (111,636) (464,054)
Paid-in-kind interest and dividends capitalized (12,053) (9,531) (44,540)
Decrease (increase) in short term investments, net 14,842 (16,691) 44,628
Proceeds from sale of investments 13,385 17,047 42,868
Net realized (gain) loss on investments (2,294) 9,736 28,313
Net change in unrealized depreciation on investments 64,251 16,412 33,645
Amortization of debt issuance costs 1,799 1,254 5,593
(Increase) decrease in interest receivable on investments (180) (455) (10,516)
(Increase) decrease in receivable due on investments sold and repaid 1,918 (10,485) (1,998)
(Increase) decrease in prepaid expenses and other assets 232 211 83
Increase (decrease) in payable for investments purchased 877 16,349 (3,673)
Increase (decrease) in accounts payable and accrued expenses (44) (293) (2)
Increase (decrease) in interest payable (1,769) (1,675) (1,987)
Increase (decrease) in accrued management fees (136) (29) (132)
Increase (decrease) in accrued administrative services expense (1,462) (1,514) (150)
Increase (decrease) in subordinated incentive fee on income payable 120 2,299 (651)
Increase (decrease) in share repurchase payable (40) 0 40
Net cash provided by operating activities 6,095 96,353 88,191
Financing activities:      
Repurchase of common stock (2,172) (4,670) (11,347)
Shareholders' distributions paid (2,663) (29,116) (89,482)
Repayments under financing arrangements (20,000) (22,500) (277,500)
Borrowings under financing arrangements 20,000 0 302,500
Debt issuance costs paid (1,210) 0 (13,107)
Net cash used in financing activities (6,045) (56,286) (88,936)
Net increase (decrease) in cash and restricted cash 50 40,067 (745)
Cash and restricted cash, beginning of period 7,670 8,415 8,415
Cash and restricted cash, end of period 7,720 48,482 7,670
Supplemental disclosure of cash flow information:      
Cash paid for interest 22,968 24,703 93,312
Supplemental non-cash operating activities:      
Restructuring of portfolio investment 16,880 31,043 92,673
Cash interest receivable exchanged for additional securities $ 4,266 $ 1,631 $ 2,971