v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
From non-controlled/non-affiliated investments:    
Interest income $ 33,080 $ 3,950
Dividend income 2,172 0
Fee income 27 0
Total investment income 35,279 3,950
Operating Expenses    
Interest expense 13,367 815
Management Fees 4,581 386
Income based Incentive Fees 2,612 523
Administrative services 604 495
Professional fees 494 445
Board of Trustees' fees 50 38
Other general and administrative 641 231
Amortization of deferred offering costs 22 178
Total Operating Expenses 22,371 3,111
Management Fees waived (2,291) (193)
Incentive Fees waived (2,612) (523)
Expense support 0 (1,975)
Net Operating Expenses 17,468 420
Net Investment Income before excise and other tax expense 17,811 3,530
Excise and other tax expense 351 0
Net investment income after excise and other tax expense 17,460 3,530
Net realized gain    
Net realized gain 710 0
Net change in unrealized appreciation    
Net change in unrealized appreciation 8,766 584
Net Realized and Unrealized Gain 9,476 584
Net Increase in Net Assets Resulting from Operations 26,936 4,114
Series A Preferred Shares dividends 45 45
Net Increase in Net Assets Resulting from Operations Applicable to Common Shareholders $ 26,891 $ 4,069
Earnings per share, basic $ 1.12 $ 1.22
Earnings per share, diluted $ 1.12 $ 1.22
Weighted average shares of Common Shares outstanding, basic 23,967,109 3,325,930
Weighted average shares of Common Shares outstanding, diluted 23,967,109 3,325,930
Non-controlled/non-affiliated investments    
Net realized gain    
Net realized gain $ 710 $ 0
Net change in unrealized appreciation    
Net change in unrealized appreciation $ 8,766 $ 584