v3.26.1
Tax Information (Tables)
 12 Months Ended
Dec. 31, 2025
Income Tax Disclosure [Abstract]  
Schedule of Permanent Differences Reclassified for Tax Purposes The following
permanent differences were reclassified for tax purposes among the components of net assets for the year ended December 31, 2025 and December 31, 2024 (amounts in thousands):
For the year ended December 31,
20252024
Paid-in capital$(323)$— 
Accumulated earnings (losses)323 — 
Schedule of Components of Distributable Earnings on a Tax Basis
As of December 31, 2025 and December 31, 2024, the components of distributable earnings (losses) on a tax-basis detailed below differ from the amounts reflected in the Company’s Consolidated Statements of Assets and Liabilities by temporary and permanent book or tax differences arising during the years ended December 31, 2025 and December 31, 2024 (amounts in thousands).
For the year ended December 31,
 20252024
Other temporary differences$(3,703)$(2,380)
Undistributed ordinary income1,909 1,561 
Unrealized appreciation (depreciation)7,726 1,918 
Distributable earnings (losses)$5,932 $1,099 
Schedule of Tax Character of Distributions Paid
The tax character of distributions paid for the year ended December 31, 2025 and December 31, 2024 were follows (amounts in thousands):
For the year ended December 31,
20252024
Ordinary income$30,038 $— 
Schedule of Taxable Income and Tax Cost of Investments
Taxable income for the years ended December 31, 2025 and December 31, 2024, were as follows (amounts in thousands, except share and per share amounts):
For the year ended December 31,
20252024
Taxable income$30,386 $1,950 
Taxable income, per share1.63 0.13 
Weighted average shares of common stock outstanding18,654,831 12,275,935 
As of December 31, 2025 and December 31, 2024, gross unrealized appreciation and depreciation based on cost of investments for U.S. federal income tax purposes were as follows (amounts in thousands):
For the year ended December 31,
20252024
Tax cost of investments$876,688 $488,544 
Gross unrealized appreciation8,626 2,273 
Gross unrealized depreciation(900)(355)
Net unrealized appreciation (depreciation)$7,726 $1,918