v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 7 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Revenues    
Interest income $ 9,880 $ 145,547
Total revenues 9,880 145,547
Expenses    
Organizational costs 3,243 317
General and administrative 4,381 18,061
Management fees 0 8,369
Performance participation allocation 0 958
Total expenses 7,624 27,705
Other income (expense)    
Interest expense (2,299) (53,057)
Net unrealized gain (loss) on investments 306 (4,744)
Net realized loss on investments 0 (1,791)
Other income 1,185 13,171
Total other income (expense) (808) (46,421)
Net Income 1,448 71,421
Net income attributable to non-controlling interests 310 2,587
Net income attributable to common shareholders $ 1,138 $ 68,834
Earnings per common share, Basic (in dollars per share) $ 0.25 $ 1.46
Earnings per common share, Diluted (in dollars per share) $ 0.25 $ 1.46
Weighted-average common shares outstanding, Basic (in shares) 4,557 47,174
Weighted-average common shares outstanding, Diluted (in shares) 4,557 47,174