v3.26.1
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash Flows from Operating Activities:          
Net increase (decrease) in net assets resulting from operations $ 19,963 $ 25,284 $ 39,847 $ 44,942  
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used for) operating activities:          
Net change in unrealized (appreciation) depreciation on investments 4,642 (14,378) (3,021) (4,585)  
Net realized (gain) loss on investments (6,425) 7,568 5,780 (5,762)  
Interest and dividend income paid-in-kind     (6,551) (4,699)  
Accretion of original issue discount     (31) (86)  
Accretion of loan origination fees     (1,326) (1,598)  
Purchase of investments     (216,662) (210,006)  
Proceeds from sales and repayments of investments     112,228 166,605  
Proceeds from loan origination fees     1,425 1,333  
Realized losses on extinguishment of debt 194 75 311 326  
Amortization of deferred financing costs 846 724 1,599 1,314  
Amortization of deferred equity financing costs     0 67  
Changes in operating assets and liabilities:          
Interest receivable     (6,302) (747)  
Prepaid expenses and other assets     (417) 126  
Accrued interest and fees payable     1,410 1,695  
Base management fee payable, net of base management fee waiver - due to affiliate     584 243  
Income incentive fee payable - due to affiliate     (74) 377  
Capital gains incentive fee (reversal) - due to (from) affiliate     (698) 1,618  
Administration fee payable and other - due to (from) affiliate     (467) (301)  
Taxes payable     (2,613) (1,525)  
Accounts payable and other liabilities     462 405  
Net cash provided by (used for) operating activities     (74,516) (10,258)  
Cash Flows from Financing Activities:          
Proceeds from common stock offerings, net of expenses     0 28,201  
Proceeds received from SBA debentures     65,500 39,500  
Repayments of SBA debentures     (7,000) (12,500)  
Proceeds received from issuance of Notes     120,000 100,000  
Principal payments on Notes     (125,000) (25,000)  
Proceeds received from (repayments of) Credit Facilities, net     28,800 (45,000)  
Proceeds received from (repayments of) Secured Borrowings, net     (851) (419)  
Payment of deferred financing costs     (3,994) (3,964)  
Dividends paid to stockholders, including expenses     (43,268) (36,512)  
Net cash provided by (used for) financing activities     34,187 44,306  
Net increase (decrease) in cash, cash equivalents and restricted cash     (40,329) 34,048  
Beginning of period     79,606 57,159 $ 57,159
End of period 39,277 $ 91,207 39,277 91,207 79,606
Supplemental cash flow disclosures and Non-cash financing activities:          
Cash payments for interest     17,723 11,533  
Cash payments for taxes, net of tax refunds received     3,105 3,523  
Value of shares issued pursuant to the dividend reinvestment plan       $ 1,331  
Cash and cash equivalents 37,599   37,599   69,995
Restricted cash 1,678   1,678   9,611
Total cash, cash equivalents and restricted cash presented in the Consolidated Statements of Cash Flows $ 39,277   $ 39,277   $ 79,606