v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Dividend income $ 1,066 $ 193 $ 2,070 $ 384
Total investment income 41,400 17,311 84,215 31,273
Expenses:        
Interest expense and credit facility fees (Note 6) 13,658 5,978 24,624 11,283
Management fees (Note 5) 2,918 1,053 5,907 1,907
Incentive fees (Note 5) 2,804 1,375 5,123 1,922
Distribution and shareholder servicing fees Class S 217 0 432 0
Professional fees 660 555 1,099 1,011
Other general and administrative expenses 812 671 1,525 1,193
Administrative service fees (Note 5) 416 329 976 648
Offering costs 138 86 312 107
Directors fees 90 84 167 150
Insurance costs 59 58 115 114
Total expenses before expense support and waivers 21,772 10,189 40,280 18,335
Expense support and waivers (Note 5) 0 (79) 0 (188)
Net expenses after expense support and waivers 21,772 10,110 40,280 18,147
Net investment income 19,628 7,201 43,935 13,126
Net realized gain (loss) and change in unrealized appreciation (depreciation):        
Net change in unrealized appreciation (depreciation) on investments     30,541 (478)
Net realized and unrealized gain (loss) on investments (6,432) 2,423 (29,936) 324
Net increase (decrease) in net assets resulting from operations (Note 10) 13,196 9,624 13,999 13,450
Investment, Unaffiliated Issuer        
Investment income:        
Interest income 39,954 16,928 78,571 30,411
Dividend income 316 193 337 384
Other income 380 190 3,574 478
Total investment income 40,650 17,311 82,482 31,273
Net realized gain (loss) and change in unrealized appreciation (depreciation):        
Net realized gain (loss) on investments (712) (18) 605 (154)
Net change in unrealized appreciation (depreciation) on investments (5,720) 2,441 (30,541) 478
Non-controlled/affiliated        
Investment income:        
Dividend income 750 0 1,733 0
Total investment income $ 750 $ 0 $ 1,733 $ 0