v3.25.1
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $1,526,647 and $1,207,142 at March 31, 2025 and December 31, 2024, respectively) $ 1,544,714 $ 1,216,443
Cash and cash equivalents (restricted cash of $32,679 and $90,308 at March 31, 2025 and December 31, 2024, respectively) 47,175 104,380
Receivable for investments sold 11,455 23,451
Interest receivable 7,285 8,449
Dividends receivable 1,147 103
Deferred financing costs 6,037 2,643
Deferred offering costs 3 26
Other assets 25 25
Total Assets 1,617,841 1,355,520
Liabilities    
Revolving Credit Facilities 707,500 495,300
Repurchase Obligations 144,046 177,321
Distributions payable 15,960 18,885
Payable for investments purchased 43,160 43,294
Interest payable 9,293 7,831
Management Fees payable 2,290 1,710
Due to affiliates 2,230 1,868
Preferred shareholders dividends payable 45 0
Board of Trustees' fees payable 50 53
Accrued expenses and other liabilities 832 0
Total Liabilities 925,406 746,262
Commitments and contingencies (Note 7)
Series A Preferred Shares, $0.001 par value; unlimited shares authorized; 500 shares issued and outstanding; liquidation preference of $3,000 per share 1,500 1,500
Components of Net Assets Applicable to Common Stock    
Common Shares, $0.001 par value; unlimited shares authorized; 25,535,954 and 22,890,180 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively 26 23
Additional paid in capital 667,746 595,503
Distributable earnings 23,163 12,232
Total Net Assets Applicable to Common Shares 690,935 607,758
Total Liabilities, Series A Preferred Shares and Net Assets Applicable to Common Shares $ 1,617,841 $ 1,355,520
Net Asset Value Per Common Share [1] $ 27.06 $ 26.55
Non-controlled/non-affiliated investments    
Investments, at fair value    
Non-controlled/non-affiliated investments (amortized cost of $1,526,647 and $1,207,142 at March 31, 2025 and December 31, 2024, respectively) $ 1,544,714 $ 1,216,443
[1] The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share.