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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Interest income $ 27,160 $ 21,614 $ 55,079 $ 41,514
Interest income - PIK 1,238 695 1,735 1,278
Other income 2,095 1,156 3,478 2,374
Total investment income 30,493 23,465 60,292 45,166
Expenses        
Interest expense 10,223 7,866 19,913 15,346
Management fee 2,276 1,535 4,458 2,905
Professional fees 489 465 982 1,036
Administration and custody fees 126 93 252 179
Directors’ fees 19 19 37 37
Other expenses 79 69 153 123
Total expenses 13,212 10,047 25,795 19,626
Less: Fees waived by the Adviser (2,276) (1,535) (4,458) (2,905)
Net expenses 10,936 8,512 21,337 16,721
Net investment income 19,557 14,953 38,955 28,445
Realized and unrealized gains (losses)        
Net realized gains (losses) on investments and foreign currencies (2,979) 439 (2,642) 707
Net change in unrealized appreciation (depreciation) on investments and foreign currencies (4,119) (3,526) (20,416) (1,808)
Benefit (provision) for income taxes 34 58 224 58
Net realized and unrealized gains (losses) (7,064) (3,029) (22,834) (1,043)
Net increase (decrease) in net assets resulting from operations $ 12,493 $ 11,924 $ 16,121 $ 27,402