v3.25.4
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Common Stock Outstanding [Member]      
Balance (in shares) 39,875,847 33,367,389 27,753,373
Issuance of common stock, net of offering costs (in shares) 1,974,553 6,300,095 5,498,830
Issuance of common stock under dividend reinvestment plan (in shares) 301,581 208,363 115,186
Issuance of common stock in extinguishment of debt (in shares) 3,461,834    
Balance (in shares) 45,613,815 39,875,847 33,367,389
Common Stock [Member]      
Balance $ 44 $ 36 $ 29
Issuance of common stock, net of offering costs 2 8 7
Net investment income, net of excise tax 0 0 0
Net realized loss on investments 0 0 0
Net realized loss on extinguishment of debt 0  
Net unrealized appreciation (depreciation) on investments 0 0 0
Issuance of common stock under dividend reinvestment plan 1 0 0
Distributions declared 0 0 0
Reclassification of permanent tax differences (Note 2) 0 0 0
Issuance of common stock in extinguishment of debt 4    
Balance 51 44 36
Additional Paid-in Capital [Member]      
Balance 518,200 450,949 385,921
Issuance of common stock, net of offering costs 14,079 66,345 65,086
Net investment income, net of excise tax 0 0 0
Net realized loss on investments 0 0 0
Net realized loss on extinguishment of debt 0  
Net unrealized appreciation (depreciation) on investments 0 0 0
Issuance of common stock under dividend reinvestment plan 2,257 2,382 1,432
Distributions declared 0 0 0
Reclassification of permanent tax differences (Note 2) (1,063) (1,476) (1,490)
Issuance of common stock in extinguishment of debt 25,882    
Balance 559,355 518,200 450,949
Retained Earnings [Member]      
Balance (182,061) (127,004) (67,502)
Issuance of common stock, net of offering costs 0 0 0
Net investment income, net of excise tax 44,413 47,783 61,448
Net realized loss on investments (55,114) (34,631) (29,702)
Net realized loss on extinguishment of debt (2,819)   (151)
Net unrealized appreciation (depreciation) on investments 10,859 (18,785) (48,780)
Issuance of common stock under dividend reinvestment plan 0 0 0
Distributions declared (57,245) (50,900) (43,807)
Reclassification of permanent tax differences (Note 2) 1,063 1,476 1,490
Issuance of common stock in extinguishment of debt 0    
Balance (240,904) (182,061) (127,004)
Balance 336,183 323,981 318,448
Issuance of common stock, net of offering costs 14,081 66,353 65,093
Net investment income, net of excise tax 44,413 47,783 61,448
Net realized loss on investments (55,114) (34,631) (29,702)
Net realized loss on extinguishment of debt (2,819)   (151)
Net unrealized appreciation (depreciation) on investments 10,859 (18,785) (48,780)
Issuance of common stock under dividend reinvestment plan 2,258 2,382 1,432
Distributions declared (57,245) (50,900) (43,807)
Reclassification of permanent tax differences (Note 2) 0 0 0
Issuance of common stock in extinguishment of debt 25,886    
Balance $ 318,502 $ 336,183 $ 323,981