v3.26.1
Consolidated Statements of Changes in Net Assets - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Begining balance (Par value) [1] $ 0    
Beginning balance 241,306 $ 32,391 [2]  
Operations:      
Net investment income (loss) 2,772 (25)  
Net change in unrealized gains (losses) (9,341) (28)  
Net realized gains (losses) 93 0  
Net Increase (Decrease) in Net Assets Resulting from Operations (6,476) (53)  
Capital Share Transactions:      
Issuance of Common Stock, Value 58,699 40,000  
Distributions to Common Stockholders (1,908)    
Common Stock issued from reinvestment of distributions [3] $ 2,149    
Common Stock issued from reinvestment of distributions ( In shares) 85,152    
Net Increase (Decrease) for the Period $ 52,464 39,947  
Ending balance (Par value) [1] 0   $ 0
Ending balance [2] $ 293,770 $ 72,338 $ 293,770
Preferred Stock [Member]      
Beginning balance (in shares) [2] 515 515  
Begining balance (Par value) [2] $ 0 $ 0  
Capital Share Transactions:      
Ending balance (in shares) [2] 515 515 515
Ending balance (Par value) [2] $ 0 $ 0 $ 0
Common Stock [Member]      
Beginning balance (in shares) 9,498,642 1,242,991 [2]  
Beginning balance $ 9 $ 1 [2]  
Capital Share Transactions:      
Issuance of Stock (in shares) 2,400,794 1,614,205 11,873,949
Issuance of Common Stock, Value $ 3 $ 2  
Distributions to Common Stockholders $ (1,908)    
Common Stock issued from reinvestment of distributions ( In shares) [3] 85,152    
Net Increase (Decrease) for the Period (in shares) 2,485,946 1,614,205  
Net Increase (Decrease) for the Period $ 3 $ 2  
Ending balance (in shares) [2] 11,984,588 2,857,196 11,984,588
Ending balance [2] $ 12 $ 3 $ 12
Additional Paid-in Capital [Member]      
Beginning balance 238,440 32,390 [2]  
Capital Share Transactions:      
Issuance of Common Stock, Value 58,696 39,998  
Common Stock issued from reinvestment of distributions [3] 2,149    
Net Increase (Decrease) for the Period 60,845 39,998  
Ending balance [2] 299,285 72,388 299,285
Distributable Earnings (Accumulated Losses) [Member]      
Beginning balance 2,857 0 [2]  
Operations:      
Net investment income (loss) 2,772 (25)  
Net change in unrealized gains (losses) (9,341) (28)  
Net realized gains (losses) 93    
Net Increase (Decrease) in Net Assets Resulting from Operations (6,476) (53)  
Capital Share Transactions:      
Distributions to Common Stockholders (1,908)    
Net Increase (Decrease) for the Period (8,384) (53)  
Ending balance [2] $ (5,527) $ (53) $ (5,527)
[1]

(1) The par amount of Preferred Stock at March 31, 2026 and December 31, 2025 is zero due to rounding.

[2] The par amounts of Preferred Stock are zero due to rounding.
[3] The par amounts of Common Stock issued from reinvestment of distributions are zero due to rounding.