v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Assets    
Total investments, at fair value $ 887,607 [1],[2],[3] $ 937,725 [4],[5],[6],[7]
Cash 893 94
Cash Equivalents 6,567 3,334
Restricted cash 6,722 6,807
Receivables:    
Receivable for paydowns of investments 759 613
Interest receivable 6,236 7,853
Prepaid expenses and other assets 1,024 1,549
Total Assets 910,948 959,412
Liabilities    
Secured Loan Facility (net of deferred financing costs of $2,548 and $2,740, respectively) 331,334 390,565
Credit Facility (net of deferred financing costs of $556 and $630, respectively) 100,444 87,370
Payables:    
Dividend distributions payable 3,935 4,052
Management fee payable, net (Note 4) 1,450 1,443
Deferred tax liability 95 88
Interest payable 2,862 2,297
Incentive fee payable 1,679 1,440
Accrued other general and administrative expenses 1,865 1,519
Total Liabilities 443,664 488,774
Commitments and contingencies (Note 6)
Net Assets    
Class I shares, $0.001 par value; unlimited authorized; 18,631,636 and 18,631,405 shares issued and outstanding, respectively 19 19
Additional paid-in capital 469,998 469,992
Total distributable earnings (accumulated deficit) (2,733) 627
Total Net Assets 467,284 470,638
Total Liabilities and Net Assets $ 910,948 $ 959,412
Net Asset Value Per Common Share $ 25.08 $ 25.26
Affiliated    
Receivables:    
Due from affiliates (Note 4) $ 1,140 $ 1,437
Non-controlled and Non-affiliated investments [Member]    
Assets    
Total investments, at fair value 871,888 921,760
Non-controlled Affiliated Investment [Member]    
Assets    
Total investments, at fair value 1,963 2,458
Controlled Affiliated Investment [Member]    
Assets    
Total investments, at fair value $ 13,756 $ 13,507
[1] All investments domiciled in the United States unless otherwise noted.
[2] The Fund updated certain descriptions of its portfolio companies presented in the consolidated financial statements as of March 31, 2026 to align with the legal issuer name, where applicable. These updates had no impact on the Consolidated Statements of Assets and Liabilities as of March 31, 2026.
[3] Unless otherwise noted, the fair value of investments with respect to securities for which market quotations are not readily available are valued using significant unobservable inputs (See Note 3—Fair Value of Financial Instruments).
[4] All investments domiciled in the United States unless otherwise noted.
[5] The Fund updated certain descriptions of its portfolio companies presented in the consolidated financial statements as of December 31, 2025 to align with the legal issuer name, where applicable. These updates had no impact on the Consolidated Statements of Assets and Liabilities as of December 31, 2025.
[6] This security is restricted and not available for resale.
[7] Unless otherwise noted, the fair value of investments with respect to securities for which market quotations are not readily available are valued using significant unobservable inputs (See Note 3—Fair Value of Financial Instruments).