v3.25.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Investment income    
Interest income (excluding Payment-in-kind ("PIK") interest income) $ 36,116 $ 52,021
PIK interest income 2,252 4,238
Dividend income 2,339 2,741
Fee income 1,308 466
Total investment income 42,015 59,466
Expenses    
Interest and other financing expenses 9,395 16,865
Incentive fee 3,018 5,730
Management fee 3,017 3,145
Administrative expenses 653 702
Professional fees 602 366
Organizational and offering expenses 214 0
Other general and administrative expenses 62 62
Total expenses 16,961 26,870
Less: management fees waived (See Note 5) (21) 0
Less: expense support (181) 0
Net expenses 16,759 26,870
Net investment income before income taxes 25,256 32,596
Income tax expense 80 121
Net investment income 25,176 32,475
Net realized gains (losses) on investments (8,417) (3,285)
Net change in unrealized appreciation (depreciation) of investments 1,669 11,608
Benefit (provision) for taxes 1 (238)
Net realized and unrealized gains (losses) (6,747) 8,085
Net increase in net assets (Successor) and members' capital (Predecessor) resulting from operations $ 18,429 $ 40,560
Earnings per share (Successor) and per unit (Predecessor) - basic (in dollars per share) $ 0.47 $ 0.35
Earnings per share (Successor) and per unit (Predecessor) - diluted (in dollars per share) $ 0.47 $ 0.35
Weighted average common shares (Successor) and common units (Predecessor) outstanding - basic (in shares) 39,133,013 114,906,527
Weighted average common shares (Successor) and common units (Predecessor) outstanding - diluted (in shares) 39,133,013 114,906,527