Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Schedule of Debt


	As of December 31, 2025
	Aggregate Principal Amount Committed				Drawn Amount				Amount Available (1)				Carrying Value(2)(3)
JPM Funding Facility	$	400,000			$	120,000			$	280,000			$	120,000

(1)

The amount available is subject to any limitations related to the credit facility borrowing base.

(2)

The amount presented excludes netting of deferred financing costs.

(3)

As of December 31, 2025, the carrying amount of the Company’s outstanding debt approximated fair value, unless otherwise noted.

Summary of Interest and Credit Facility Expenses

The borrowing expenses incurred by the JPM Funding Facility were as follows:


(in $ thousands)	For the year ended December 31, 2025

Borrowing interest expense	$	2,515
Unused facility fees		1,297
Amortization of financing costs		581
Total interest and credit facility expenses	$	4,393
Weighted average outstanding balance	$	66,667