Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities
Net increase (decrease) in net assets resulting from operations	$ 20,252	$ 14,349
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:
Net realized (gain) loss on investments	(82)	0
Net change in unrealized (gain) loss on investments	(2,388)	(829)
Purchases of investments	(285,770)	(156,252)
Net accretion of discount on investments	(1,132)	(679)
Proceeds from sales and repayments of investments	114,244	8,988
Amortization of deferred financing costs	772	331
Changes in operating assets and liabilities:
Interest receivable	(1,805)	(863)
Due from affiliate	(178)	0
Other assets	(1,998)	(830)
Deferred revenue payable	(1,012)	5,411
Accounts payable and accrued expenses	111	(382)
Management fee payable	210	267
Incentive fee payable	42	647
Administrative services fee payable	0	(885)
Interest and financing payable	1,642	592
Income tax payable	393	0
Due to affiliate	523	(94)
Net cash provided by (used in) operating activities	(156,176)	(130,229)
Cash flows from financing activities
Proceeds from issuance of shares of common stock	1,721	10,996
Distributions paid	(10,634)	(7,412)
Proceeds from secured borrowings	118,750	113,400
Repayments of secured borrowings	(72,500)	(65,900)
Proceeds from reverse repurchase agreement	0	20,355
Proceeds from SBA-guaranteed debentures	37,495	51,500
Deferred financing costs paid	(1,789)	(3,129)
Net cash provided by (used in) financing activities	73,043	119,810
Net increase (decrease) in cash and cash equivalents	(83,133)	(10,419)
Cash and cash equivalents at beginning of period	202,452	109,771
Cash and cash equivalents at end of period	119,319	99,352
Supplemental information:
Cash paid for interest	10,790	1,641
Shares issued from dividend reinvestment plan	5,612	3,000
Accrual for deferred financing costs	$ 9,592	$ 3,892