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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income      
Interest income: $ 37,022 $ 41,699 $ 53,208
Payment-in-kind interest and dividend income: 2,719 2,733 2,597
Dividend income: 546 3,027 659
Total investment income 40,691 47,964 56,943
Expenses      
Interest expense 16,510 16,648 19,482
Base management fees 5,769 5,993 7,218
Income Incentive Fee 1,758 4,178 5,040
Professional fees 1,623 1,630 1,681
Administration fees 1,557 1,521 1,680
Other expenses 1,090 1,282 1,682
Total expenses 28,307 31,252 36,783
Net investment income 12,384 16,712 20,160
Net realized and unrealized gain (loss) on investments      
Net realized (loss) gain (12,158) (17,121) (11,405)
Income tax (expense) benefit on net realized gains on investments 1 (9) (51)
Deferred tax expense on net unrealized appreciation (311) (510) (69)
Net gain (loss) on investments (44,973) 11,730 (20,412)
Loss on extinguishment of debt (504) 0 (213)
Net increase (decrease) in net assets resulting from operations $ (33,093) $ 28,442 $ (465)
Net investment income per common share - basic (in usd per share) $ 0.92 $ 1.25 $ 1.50
Net investment income per common share - diluted (in usd per share) 0.92 1.25 1.50
Net increase (decrease) in net assets resulting from operations per common share - basic (in usd per share) (2.47) 2.12 (0.04)
Net increase (decrease) in net assets resulting from operations per common share - diluted (in usd per share) (2.47) 2.12 (0.04)
Distributions declared per common share (in usd per share) $ 1.19 $ 1.36 $ 1.34
Basic weighted-average common shares outstanding (in shares) 13,398,078 13,398,078 13,398,078
Diluted weighted-average common shares outstanding (in shares) 13,398,078 13,398,078 13,398,078
Non-control/non-affiliate investments      
Investment income      
Interest income: $ 37,017 $ 41,699 $ 53,208
Payment-in-kind interest and dividend income: 1,312 1,635 1,461
Dividend income: 273 43 29
Fee income: 404 505 479
Net realized and unrealized gain (loss) on investments      
Net realized (loss) gain (12,159) (10,606) (838)
Net unrealized appreciation (depreciation) on investments (15,989) 4,035 (7,033)
Affiliate investments      
Investment income      
Interest income: 5 0 0
Payment-in-kind interest and dividend income: 1,407 1,098 1,136
Dividend income: 273 2,984 630
Net realized and unrealized gain (loss) on investments      
Net realized (loss) gain 0 (6,506) 0
Net unrealized appreciation (depreciation) on investments (16,515) 25,326 (10,961)
Control investments      
Net realized and unrealized gain (loss) on investments      
Net realized (loss) gain 0 0 (10,516)
Net unrealized appreciation (depreciation) on investments $ 0 $ 0 $ 9,056