v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Payment-in-kind interest income     $ 244 $ 25
Total investment income $ 46,204 $ 3,084 84,622 3,106
Operating Expenses        
Interest expense 12,340 2,266 21,800 2,440
Organization costs   247   2,638
Management fees 3,265   6,360  
Investment income incentive fee 3,545 86 6,635 86
Capital gains incentive fee   74   88
Administration fees 779 109 1,587 137
Professional fees 351 68 687 71
Offering costs 335   625  
Other expenses 708 1 1,296 2
Total operating expenses before expense support and waivers 21,323 2,851 38,990 5,462
Expense support (Note 3)   (247)   (2,638)
Management fees waiver     (1,043)  
Investment income incentive fee waiver   (86)   (86)
Net Operating Expenses 21,323 2,518 37,947 2,738
Net investment income (loss) before taxes 24,881 566 46,675 368
Income taxes, including unincorporated business tax expense 67 68 232 68
Net investment income (loss) 24,814 498 46,443 300
Net realized gain (loss) from:        
Net realized gain (loss)     (28,605) 14
Foreign currency transactions 354 30 548 30
Forward currency contracts 859   334  
Total net realized gain (loss) (26,806) 44 (27,723) 44
Net change in unrealized gain (loss) from:        
Net change in unrealized gain (loss) from     6,511 704
Foreign currency translation on loans payable 331   905  
Foreign currency transactions (77)   (121)  
Forward foreign currency contracts (629) (44) 546 (44)
Total net change in unrealized gain (loss) 33,128 545 7,841 660
Total net realized and change in unrealized gain (loss) 6,322 589 (19,882) 704
Total Net Increase (Decrease) in Net Assets Resulting from Operations $ 31,136 1,087 $ 26,561 1,004
Net investment income per share (basic and diluted):        
Net investment income per share, basic $ 0.56   $ 1.09  
Net investment income per share, diluted 0.56   1.09  
Earnings (loss) per share, basic 0.71   0.62  
Earnings (loss) per share, diluted $ 0.71   $ 0.62  
Weighted average shares outstanding, basic 43,957,411   42,498,795  
Weighted average shares outstanding, diluted 43,957,411   42,498,795  
Non-controlled, Non-affiliated Investments        
Investment income        
Interest income $ 45,461 2,522 $ 82,995 2,531
Payment-in-kind interest income 123 25 244 25
Other income 187 537 676 550
Dividend income 214   214  
Total investment income 45,985 3,084 84,129 3,106
Net realized gain (loss) from:        
Net realized gain (loss) (28,019) 14 (28,605) 14
Net change in unrealized gain (loss) from:        
Net change in unrealized gain (loss) from 33,343 $ 589 5,749 $ 704
Non-controlled, Affiliated Investments        
Investment income        
Interest income 125   312  
Other income     2  
Total investment income 125   314  
Net change in unrealized gain (loss) from:        
Net change in unrealized gain (loss) from 94   (24)  
Controlled, Affiliated Investments        
Investment income        
Interest income 94   179  
Total investment income 94   179  
Net change in unrealized gain (loss) from:        
Net change in unrealized gain (loss) from $ 66   $ 786