v3.26.1
CONSOLIDATED STATEMENTS OF FINANCIAL CONDITION (Parenthetical)
$ in Thousands
Mar. 31, 2026
USD ($)
$ / shares
shares
Mar. 31, 2025
USD ($)
$ / shares
shares
Investments, at fair value | $ $ 195,536 $ 291,371
Other assets, net (related party of $514 and $404) | $ 9,127 49,144 [1]
Accounts payable and accrued expenses (related party of $17,571 and $14,733) | $ 63,788 100,345 [1]
Other liabilities (related party of $30,497 and $19,360) | $ $ 176,651 $ 80,806 [1]
Preferred stock, par value (in dollars per share) | $ / shares $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 250,000,000 250,000,000
Treasury stock common units (in shares) 1,000 1,000
Series A preferred stock    
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Series B-1 preferred stock    
Preferred stock, par value (in dollars per share) | $ / shares $ 0.001  
Preferred stock, shares authorized (in shares) 5,900,000  
Preferred stock, shares issued (in shares) 1,831,343 363,125
Preferred stock, shares outstanding (in shares) 1,831,343 363,125
Class A    
Common stock, par value (in dollars per share) | $ / shares $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 625,000,000 625,000,000
Common stock, shares issued (in shares) 14,419,000 1,060,000
Common stock, shares outstanding (in shares) 14,418,000 1,059,000
Class B    
Common stock, par value (in dollars per share) | $ / shares $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 31,000 31,000
Common stock, shares issued (in shares) 30,000 30,000
Common stock, shares outstanding (in shares) 30,000 30,000
Variable Interest Entity, Primary Beneficiary    
Investments, at fair value | $ $ 195,536 $ 291,371 [1]
Related Party    
Other assets, net (related party of $514 and $404) | $ 514 404
Accounts payable and accrued expenses (related party of $17,571 and $14,733) | $ 17,571 14,733
Other liabilities (related party of $30,497 and $19,360) | $ 30,497 19,360
Related Party | Variable Interest Entity, Primary Beneficiary    
Investments, at fair value | $ $ 0 $ 5
[1]
(1) Periods presented have been adjusted to reflect the 1-for-8 reverse stock split on December 15, 2025. See Note 1 - Summary of Significant Accounting Policies - Reverse Stock Split, for additional information.