v3.25.4
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments at fair value:    
Investments at fair value $ 1,681,258 $ 717,299
Cash and cash equivalents 32,110 15,441
Foreign cash (cost of $5,912 and $1,006, respectively) 5,959 898
Collateral on derivatives 4,165 833
Restricted cash and cash equivalents 50 50
Interest rate swap 447 0
Deferred financing costs (net of accumulated amortization of $2,537 and $718, respectively) 7,152 7,375
Interest receivable on investments 12,385 6,459
Dividend receivable on investments 602 0
Unrealized appreciation on forward currency exchange contracts 0 1,492
Receivable for investments sold 2,888 510
Prepaid insurance 101 309
Prepaid financing costs 70 75
Other receivables 0 1,786
Total Assets 1,747,187 752,527
Liabilities    
Debt (net of unamortized debt issuance costs of $2,901 and $0, respectively) [1] 790,331 378,101
Distributions payable 7,780 6,006
Interest expense payable 6,727 3,976
Incentive fee payable on income 3,685 1,585
Accrued capital gains incentive fee 1,844 0
Repurchase of Common Shares payable 2,593 1,537
Base management fee payable 3,028 1,316
Accrued expenses and other liabilities 1,088 1,171
Unrealized depreciation on forward currency exchange contracts 2,781 0
Payable for investments purchased 672 401
Total Liabilities 820,529 394,093
Commitments and Contingencies (See Note 10)
Net Assets    
Common Shares, $0.01 par value (35,671,560 and 13,988,959 shares issued and outstanding, respectively) 357 140
Paid-in-capital in excess of par value 910,502 352,342
Accumulated distributable earnings 15,799 5,952
Total Net Assets 926,658 358,434
Total Liabilities and Total Net Assets 1,747,187 752,527
Net assets 926,658 358,434
Common Shares outstanding ($0.01 par value, unlimited shares authorized) $ 35,671,560 $ 13,988,959
Net asset value per share $ 25.98 $ 25.62
Investment Non Controlled/Non Affiliate Investments [Member]    
Investments at fair value:    
Investments at fair value $ 1,626,747 $ 712,198
Investment, Affiliated Issuer, Noncontrolled [Member]    
Investments at fair value:    
Investments at fair value 27,206 5,101
Investment Affiliated Issuer Controlled [Member]    
Investments at fair value:    
Investments at fair value $ 27,305 $ 0
[1] Carrying value represents aggregate principal amount outstanding less unamortized debt issuance costs.