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Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Investment income        
Interest income on investments $ 22,745 $ 14,035 $ 54,317 $ 39,178
Total fee income 509 2,332 1,729 3,892
Total investment income 23,254 16,367 56,046 43,070
Expenses        
Interest expense 5,339 3,112 12,987 8,781
Base management fee (Note 3) 2,788 1,997 7,555 5,595
Performance based incentive fee (Note 3) 2,784 2,012 6,353 5,040
Administrative fee (Note 3) 412 251 1,147 829
Professional fees 314 559 1,163 1,348
General and administrative 381 333 1,088 1,142
Total expenses 12,018 8,264 30,293 22,735
Net investment income before excise tax 11,236 8,103 25,753 20,335
Provision for excise tax 100 56 306 174
Net investment income 11,136 8,047 25,447 20,161
Net realized and unrealized (loss) gain        
Net realized (loss) gain on investments (8,585) 1,344 (9,484) (2,372)
Net realized loss on extinguishment of debt 0 0 0 (395)
Net realized (loss) gain (8,585) 1,344 (9,484) (2,767)
Net unrealized (depreciation) appreciation on investments 3,442 3,376 1,169 8,122
Net realized and unrealized (loss) gain (5,143) 4,720 (8,315) 5,355
Net increase in net assets resulting from operations $ 5,993 $ 12,767 $ 17,132 $ 25,516
Net investment income per common share (in dollars per share) $ 0.43 $ 0.40 $ 1.06 $ 1.02
Net increase in net assets resulting from operations per common share (in dollars per share) 0.23 0.63 0.71 1.29
Distributions declared per share (in dollars per share) $ 0.30 $ 0.30 $ 0.90 $ 0.90
Weighted average shares outstanding (in shares) 25,738,054 20,269,813 23,995,369 19,826,790
Non-affiliate [Member]        
Investment income        
Interest income on investments $ 22,745 $ 14,035 $ 54,317 $ 38,965
Prepayment fee income on non-affiliate investments 450 1,204 1,542 2,460
Success fee income on non-affiliate investments 0 1,100 0 1,100
Fee income on investments 59 28 187 320
Net realized and unrealized (loss) gain        
Net realized (loss) gain on investments (8,665) 1,344 (8,364) (2,372)
Net unrealized (depreciation) appreciation on investments 3,442 3,929 (281) 10,314
Affiliate [Member]        
Investment income        
Interest income on investments 0 0 0 213
Fee income on investments 0 0 0 12
Non-controlled Affiliate [Member]        
Net realized and unrealized (loss) gain        
Net realized (loss) gain on investments 30 0 30 0
Net unrealized (depreciation) appreciation on investments 0 (228) 0 (1,867)
Controlled Affiliate [Member]        
Net realized and unrealized (loss) gain        
Net realized (loss) gain on investments 50 0 (1,150) 0
Net unrealized (depreciation) appreciation on investments $ 0 $ (325) $ 1,450 $ (325)