v3.26.1
Consolidated Statement of Assets and Liabilities (Parenthetical) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Common stock, par value $ 0.001 $ 0.001
Common stock, Authorized Unlimited Unlimited
Common stock, Issued 12,457,767 12,407,361
Common Shares outstanding 12,457,767 12,407,361
Class I Shares    
Common stock, par value $ 0.001 $ 0.001
Common stock, Authorized Unlimited Unlimited
Common Shares outstanding 12,453,562 12,407,361
Class D Shares    
Common stock, par value $ 0.001 $ 0.001
Common stock, Authorized Unlimited Unlimited
Common Shares outstanding 4,205 [1] 0
Investments - non-controlled/non-affiliated [Member]    
Investment, Amortized Cost $ 569,177 [2],[3],[4],[5] $ 653,701 [6],[7],[8],[9]
[1] The date of the first sale of Class D shares was May 1, 2025. See Note 8 - Net Assets for additional information.
[2] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted.
[3] All investments are non-controlled/non-affiliated investments as defined by the Investment Company Act of 1940, as amended (the “1940 Act”). The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities. The provisions of the 1940 Act also classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.
[4] Security may be an obligation of one or more entities affiliated with the named portfolio company.
[5] The cost represents the original cost adjusted for the amortization of discount and premium, as applicable, and inclusive of any capitalized paid-in-kind income (“PIK”), for debt securities.
[6] All debt investments are income producing unless otherwise noted. All equity and warrant investments are non-income producing unless otherwise noted.A
[7] Security may be an obligation of one or more entities affiliated with the named portfolio company.
[8] The cost represents the original cost adjusted for the amortization of discount and premium, as applicable, and inclusive of any capitalized paid-in-kind income (“PIK”), for debt securities.
[9] ll investments are non-controlled/non-affiliated investments as defined by the 1940 Act. The provisions of the 1940 Act classify investments based on the level of control that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally presumed to be “non-controlled” when we own 25% or less of the portfolio company’s voting securities and “controlled” when we own more than 25% of the portfolio company’s voting securities. The provisions of the 1940 Act also classify investments further based on the level of ownership that we maintain in a particular portfolio company. As defined in the 1940 Act, a company is generally deemed as “non-affiliated” when we own less than 5% of a portfolio company’s voting securities and “affiliated” when we own 5% or more of a portfolio company’s voting securities.