v3.26.1
Consolidated Statement of Operations - USD ($)
 5 Months Ended 12 Months Ended
Dec. 31, 2024
 [1]
Dec. 31, 2025
Income    
Interest from investments $ 2,238,000 $ 26,362,000
Paid-in-kind interest income 0 1,712,000
Other income 19,000 435,000
Total Investment Income 2,257,000 28,509,000
Expenses    
Interest 0 1,067,000
Management fees 0 1,126,000
Incentive fees on net investment income 0 1,300,000
Organizational expense 279,000 967,000
Offering expense 0 82,000
Professional fees 115,000 1,807,000
Directors’ fees 0 94,000
Other general and administrative 244,000 594,000
Total expenses 638,000 7,037,000
Expense support (See Note 3) 0 (1,665,000)
Net Expenses 638,000 5,372,000
Net Investment Income Before Income Taxes 1,619,000 23,137,000
Income taxes, including excise taxes 0 98,000
Net Investment Income 1,619,000 [2] 23,039,000
Net change in unrealized gains (losses):    
Non-controlled, non-affiliated investments 637,000 [2],[3] (1,662,000)
Total net change in unrealized gains (losses) 637,000 (1,662,000)
Realized gains (losses):    
Non-controlled, non-affiliated investments 0 [3] 58,000
Total net realized gains (losses) 0 58,000
Total Net Unrealized and Realized Gains (Losses) 637,000 (1,604,000)
Increase (Decrease) in Net Assets Resulting from Operations $ 2,256,000 [2],[3] $ 21,435,000
[1] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) from the date of its formation through the year ended December 31, 2024.).
[2] Represents the Company’s period of operations as the Ramp Vehicle from the date of its formation through the fiscal quarter ended December 31, 2024.
[3] Represents the Company’s period of operations as the Ramp Vehicle from the date of its formation through the fiscal quarter ended December 31, 2024.