v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
 [1]
Jun. 30, 2026
Jun. 30, 2025
Income        
Interest from investments $ 14,108 $ 5,053 $ 26,117 $ 8,500
Paid-in-kind interest income 964 422 1,830 606
Other income 253 131 491 130
Total Investment Income 15,325 5,606 28,438 9,236
Expenses        
Interest 3,222 0 5,534 0
Management fees 839 0 1,668 0
Incentive fees on net investment income 1,266 0 2,384 0
Offering expense 90 0 152 0
Professional fees 616 147 1,156 265
Directors’ fees 56 0 112 0
Other general and administrative 327 41 691 46
Total expenses before expense support 6,416 188 11,697 311
Expense support (See Note 3) 1 0 10 0
Net Expenses 6,417 188 11,707 311
Net Investment Income Before Income Taxes 8,908 5,418 16,731 8,925
Income taxes, including excise taxes 45 0 45 0
Net Investment Income 8,863 5,418 [2] 16,686 8,925
Net change in unrealized gains (losses):        
Non-controlled, non-affiliated investments (1,376) 898 (7,224) 262 [3]
Total net change in unrealized gains (losses) (1,376) 898 (7,224) 262
Realized gains (losses):        
Non-controlled, non-affiliated investments 968 0 969 0 [3]
Total net realized gains (losses) 968 0 969 0
Total Net Unrealized and Realized Gains (Losses) (408) 898 (6,255) 262
Increase (Decrease) in net assets resulting from operations $ 8,455 $ 6,316 $ 10,431 $ 9,187 [3]
[1] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the three and six months ended June 30, 2025.
[2]
(1)     Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the six months ended June 30, 2025.
[3] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the six months ended June 30, 2025.