Financial Highlights (Tables)

6 Months Ended

Jun. 30, 2023

Investment Company, Financial Highlights [Abstract]

Schedule of Financial Highlights

The following table sets forth the financial highlights for the six months ended June 30, 2023 and 2022 (in thousands, except for per share data and ratios):

	Six Months Ended June 30,
	(In thousands, except share and per share data)
	2023			2022
Per Share Data(1):
Net asset value at beginning of period	$	14.22		$	14.65
Net investment income		0.94			0.65
Net realized gain (loss)		(0.03)			0.01
Net change in unrealized gain (loss)		(0.06)			(0.61)
Total from investment operations		0.85			0.05
Distributions		(0.90)			(0.57)
Accretion (dilution)		—			0.01
Net asset value at end of period	$	14.17		$	14.14
Ratio/Supplemental Data:
Total return based on net asset value(2)		(0.35)	%		(3.48)	%
Total return based on market value(3)		14.32	%		(7.33)	%
Ratio of net investment income to average net assets(4)(5)		13.23	%		9.01	%
Ratio of total operating expenses to average net assets(4)(5)		15.10	%		5.79	%
Ratio of total operating expenses, excluding incentive fees, to average net assets(4)		11.79	%		4.13	%
Ratio of net increase (decrease) in net assets resulting from operations to average net assets(4)		11.97	%		0.68	%
Portfolio turnover rate(6)		5.72	%		12.92	%
Net assets at beginning of period	$	576,052		$	606,195
Net assets at end of period	$	573,898		$	579,413
Average net assets	$	577,921		$	602,997
Weighted average shares outstanding for the period, basic		40,509,269			41,294,985

(1)All per share activity is calculated based on the weighted-average shares outstanding for the relevant period.

(2)Total return based on net asset value is calculated as the change in net asset value per share during the period, divided by the beginning net asset values per share. The total returns are not annualized.

(3)Total return based on market value is calculated as the change in market value per share during the period plus dividends, divided by beginning market value per share. The total returns are not annualized.

(4)The ratios are calculated based on weighted average net assets for the relevant period and are annualized.

(5)The ratio includes annualized incentive fees and as incentive fees are performance driven, the amount expensed in future periods may vary significantly and is dependent on overall investment performance, early terminations, scheduled prepayments and other liquidity events.

(6)The portfolio turnover rate for the period is calculated by taking the lesser of investment portfolio purchases or sales during the period, divided by the average investment portfolio value during the period. As such, portfolio turnover rate is not annualized.