v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Interest income $ 21,192 $ 2,655
Payment-in-kind interest income 511 0
Other income 216 196
Total Investment Income 21,919 2,851
Expenses    
Interest and other debt expenses 8,515 976
Management fees 1,489 170
Investment income incentive fees 1,003 0
Other general and administrative expenses 868 312
Administrative service expenses 784 512
Professional fees 234 890
Offering costs 0 393
Capital gains incentive fees (22) 0
Total expenses 12,871 3,253
Less: Expense support (Note 3) 0 (1,456)
Net expenses 12,871 1,797
Net investment income before excise tax 9,048 1,054
Excise tax expense 50 0
Net investment income after excise tax 8,998 1,054
Net change in unrealized appreciation (depreciation):    
Non-controlled/non-affiliated investments (217) (221)
Net realized and unrealized gain (loss) (217) (221)
Net Increase (Decrease) in Net Assets Resulting from Operations $ 8,781 $ 833
Per share information - basic and diluted    
Net investment income (loss) per share (basic and diluted) [1] $ 0.62 $ 0.35
Earnings (loss) per share - Basic 0.6 0.27
Earnings (loss) per share - Diluted $ 0.6 $ 0.27
Weighted average shares of common stock outstanding - Basic 14,540,648 3,041,581
Weighted average shares of common stock outstanding - Diluted 14,540,648 3,041,581
Non-controlled/non-affiliated investments [Member]    
Net change in unrealized appreciation (depreciation):    
Non-controlled/non-affiliated investments $ (217) $ (221)
[1] The per share data was derived by using the weighted average shares outstanding during the period.