v3.26.1
Consolidated Statement of Operations
$ in Thousands
 12 Months Ended
Dec. 31, 2025
USD ($)
$ / shares
shares
Investment income  
Payment-in-kind interest income $ 170
Total investment income 49,048
Operating Expenses  
Interest expense 12,718
Organization costs 5,330
Management fee 4,199
Investment income incentive fee 4,085
Administration fees 1,687
Professional fees 902
Offering Costs 442
Other expenses 726
Total operating expenses before expense support and waivers 30,089
Expense support (Note 3) (5,309)
Management fee waiver (4,199)
Investment income incentive fee waiver (221)
Net Operating Expenses 20,360
Net investment income (loss) before taxes 28,688
Income taxes, including unincorporated business tax expense 174
Net investment income (loss) 28,514
Net realized gain (loss) from:  
Net realized gain (loss) 18
Foreign currency transactions 93
Forward currency contracts (179)
Total net realized gain (loss) (68)
Net change in unrealized gain (loss) from:  
Net change in unrealized gain (loss) from (13,957)
Foreign currency translation on loans payable (648)
Foreign currency transactions 113
Forward foreign currency contracts 167
Total net change in unrealized gain (loss) (14,325)
Total net realized and change in unrealized gain (loss) (14,393)
Total Net Increase (Decrease) in Net Assets Resulting from Operations $ 14,121
Net investment income per share (basic and diluted):  
Net investment income per share, basic | $ / shares $ 0.8859
Net investment income per share, diluted | $ / shares 0.8859
Earnings per share, basic | $ / shares 0.4387
Earnings per share, diluted | $ / shares $ 0.4387
Weighted average shares outstanding, basic | shares 32,184,697
Weighted average shares outstanding, diluted | shares 32,184,697
Non-controlled, Non-affiliated Investments  
Investment income  
Interest income $ 47,826
Payment-in-kind interest income 170
Other income 762
Total investment income 48,758
Net realized gain (loss) from:  
Net realized gain (loss) 18
Net change in unrealized gain (loss) from:  
Net change in unrealized gain (loss) from (13,917)
Non-controlled, Affiliated Investments  
Investment income  
Interest income 285
Other income 5
Total investment income 290
Net change in unrealized gain (loss) from:  
Net change in unrealized gain (loss) from $ (40)