v3.26.1
Net Assets
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Net Assets Net Assets
The Company has the authority to issue 200,000,000 shares of common stock, par value $0.01 per share. The Company issues shares of common stock in the Private Offering on an ongoing basis at an offering price generally equal to the net asset value per share. As of December 31, 2025 and December 31, 2024, the Company had 24,058,078 and 14,940,044 issued and outstanding shares, respectively.

The Company issued and sold the following shares of common stock during the year ended December 31, 2025 (amounts in thousands, except share data):
Date
Number of Shares IssuedGross ProceedsNet ProceedsAverage Price/Share
3/28/20253,090,235$50,000 $50,000 16.18 
7/2/20252,148,55735,000 35,000 16.29 
12/29/20253,101,73750,000 50,000 16.12 
8,340,529$135,000 $135,000 
During the year ended December 31, 2024, the Company issued and sold 68 shares of common stock, par value $0.01, for an aggregate purchase price of $1,020. These shares were issued and sold in reliance upon the available exemptions from registration requirements of Section 4(a)(2) of the Securities Act.
In connection with the Mergers, the Company issued 11,743,045 shares of common stock, par value $0.01 per share, in exchange for a portfolio of assets with an aggregate net asset value of $184.3 million. Such shares were issued on reliance of the available exemptions from registration requirements of Section 4(a)(2) of the Securities Act.