v3.26.1
Consolidated Statements of Operations - USD ($)
 9 Months Ended 12 Months Ended
Dec. 31, 2023
Dec. 31, 2025
Dec. 31, 2024
Investment Income      
Interest income on investments in securities of unaffiliated issuers $ 29,709,000 $ 233,021,000 $ 117,508,000
Payment in-kind interest on investments in securities of unaffiliated issuers 0 2,553,000 1,270,000
Dividend income 0 1,889,000 0
Total investment income 29,709,000 237,463,000 118,778,000
Expenses      
Interest expense 10,657,000 68,615,000 36,072,000
Management fee 1,425,000 13,533,000 6,091,000
Income incentive fee 1,190,000 10,780,000 5,107,000
Capital gains -based incentive fee 0 (185,000) 144,000
Professional fees 682,000 3,464,000 1,432,000
Administration fee 432,000 2,939,000 1,825,000
Legal fees 1,160,000 576,000 1,186,000
Custody fees 28,000 387,000 104,000
Directors' fees 150,000 225,000 150,000
Organizational costs 1,296,000 0 2,000
Other expenses 812,000 3,294,000 2,281,000
Total expenses 17,832,000 103,628,000 54,394,000
Less expense (recoupment) support payments (to) by the Advisor (Note 3) 2,372,000 (778,000) (1,618,000)
Waiver for management and incentive fees (Note 3) 1,249,000 0 0
Net expenses 14,211,000 104,406,000 56,012,000
Net investment income 15,498,000 133,057,000 62,766,000
Realized and unrealized gain (loss) allocated from investments in securities of unaffiliated issuers      
Net realized gain (loss) from investments in securities of unaffiliated issuers 313,000 (0) 0
Net change in unrealized appreciation (depreciation) from investments in securities of unaffiliated issuers (722,000) (2,396,000) 3,508,000
Net gain (loss) from investments in securities of unaffiliated issuers (409,000) (2,396,000) 3,508,000
Net Increase (Decrease) in Net Assets Resulting from Operations $ 15,089,000 $ 130,661,000 $ 66,274,000