v3.25.4
NET INCOME (LOSS) PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Basic and diluted net loss per share:      
Net income (loss) $ 20,545 $ (71) $ 19,146
Class A      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee 4,272 (16) 3,898
Allocation of performance fees 0 0 0
Net income (loss) $ 4,272 $ (16) $ 3,898
Denominator - weighted average number of common shares outstanding basic (in shares) 3,512,004 4,022,239 4,246,287
Denominator - weighted average number of common shares outstanding diluted (in shares) 3,512,004 4,022,239 4,246,287
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class I      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 11,402 $ (40) $ 10,935
Allocation of performance fees 0 0 0
Net income (loss) $ 11,402 $ (40) $ 10,935
Denominator - weighted average number of common shares outstanding basic (in shares) 9,374,452 10,470,590 11,913,698
Denominator - weighted average number of common shares outstanding diluted (in shares) 9,374,452 10,470,590 11,913,698
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class T      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 48 $ 0 $ 133
Allocation of performance fees 0 0 0
Net income (loss) $ 48 $ 0 $ 133
Denominator - weighted average number of common shares outstanding basic (in shares) 39,698 76,363 145,425
Denominator - weighted average number of common shares outstanding diluted (in shares) 39,698 76,363 145,425
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class D      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 2,402 $ (9) $ 2,571
Allocation of performance fees 0 0 0
Net income (loss) $ 2,402 $ (9) $ 2,571
Denominator - weighted average number of common shares outstanding basic (in shares) 1,975,206 2,417,109 2,801,141
Denominator - weighted average number of common shares outstanding diluted (in shares) 1,975,206 2,417,109 2,801,141
Basic net income (loss) per share (in usd per share) $ 1.21 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.21 $ 0 $ 0.92
Class N      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 731 $ (2) $ 592
Allocation of performance fees 0 0 0
Net income (loss) $ 731 $ (2) $ 592
Denominator - weighted average number of common shares outstanding basic (in shares) 601,011 598,446 644,502
Denominator - weighted average number of common shares outstanding diluted (in shares) 601,011 598,446 644,502
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class M-I      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 625 $ (2) $ 396
Allocation of performance fees 0 0 0
Net income (loss) $ 625 $ (2) $ 396
Denominator - weighted average number of common shares outstanding basic (in shares) 513,540 523,678 431,114
Denominator - weighted average number of common shares outstanding diluted (in shares) 513,540 523,678 431,114
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class T2      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 868 $ (2) $ 552
Allocation of performance fees 0 0 0
Net income (loss) $ 868 $ (2) $ 552
Denominator - weighted average number of common shares outstanding basic (in shares) 713,146 652,279 601,718
Denominator - weighted average number of common shares outstanding diluted (in shares) 713,146 652,279 601,718
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Class Z      
Basic and diluted net loss per share:      
Allocation of net income (loss) before performance fee $ 197 $ 0 $ 69
Allocation of performance fees 0 0 0
Net income (loss) $ 197 $ 0 $ 69
Denominator - weighted average number of common shares outstanding basic (in shares) 162,072 75,000 75,000
Denominator - weighted average number of common shares outstanding diluted (in shares) 162,072 75,000 75,000
Basic net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92
Diluted net income (loss) per share (in usd per share) $ 1.22 $ 0 $ 0.92