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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Investment income      
Interest income on investments $ 77,366 $ 54,411 $ 42,192
Total fee income 1,825 5,604 3,725
Dividend income 0 0 118
Total investment income 79,191 60,015 46,035
Expenses      
Interest expense 19,202 12,034 9,673
Base management fee (Note 3) 10,566 7,617 6,458
Performance based incentive fee (Note 3) 7,745 7,055 5,187
Administrative fee (Note 3) 1,667 1,285 1,016
Professional fees 1,650 1,892 1,540
General and administrative 1,459 1,511 1,190
Total expenses 42,289 31,394 25,064
Net investment income before excise tax 36,902 28,621 20,971
Provision for excise tax 715 401 222
Net investment income 36,187 28,220 20,749
Net realized and unrealized loss      
Net realized (loss) gain on investments (9,484) (3,248) (14,698)
Net realized loss on extinguishment of debt 0 (395) 0
Net realized loss (9,484) (3,643) (14,698)
Net unrealized (depreciation) appreciation on investments (5,552) 3,205 313
Net realized and unrealized loss (15,036) (438) (14,385)
Net increase in net assets resulting from operations $ 21,151 $ 27,782 $ 6,364
Net investment income per common share (in dollars per share) $ 1.46 $ 1.41 $ 1.18
Net increase in net assets resulting from operations per common share (in dollars per share) 0.86 1.39 0.36
Distributions declared per share (in dollars per share) $ 1.28 $ 1.25 $ 1.25
Weighted average shares outstanding (in shares) 24,726,079 20,027,420 17,534,528
Non-affiliate [Member]      
Investment income      
Interest income on investments $ 77,366 $ 54,159 $ 41,503
Prepayment fee income on non-affiliate investments 1,568 4,111 2,345
Fee income on investments 257 1,481 1,335
Net realized and unrealized loss      
Net realized (loss) gain on investments (8,364) (2,858) (14,686)
Net unrealized (depreciation) appreciation on investments (7,002) 5,503 1,585
Affiliate [Member]      
Investment income      
Interest income on investments 0 252 689
Fee income on investments 0 12 45
Dividend income 0 0 118
Non-controlled Affiliate [Member]      
Net realized and unrealized loss      
Net realized (loss) gain on investments 30 (390) 0
Net unrealized (depreciation) appreciation on investments 0 (848) (1,014)
Controlled Affiliate [Member]      
Net realized and unrealized loss      
Net realized (loss) gain on investments (1,150) 0 (12)
Net unrealized (depreciation) appreciation on investments $ 1,450 $ (1,450) $ (258)