v3.26.1
Consolidated Statements of Changes in Net Assets - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Mar. 31, 2026
Jun. 30, 2025
[1]
Mar. 31, 2025
[1]
Jun. 30, 2026
Beginning balance (in shares)   17,146,374     17,146,374
Beginning balance $ 340,883,000 $ 340,612,000 $ 155,078,000 $ 142,256,000 $ 340,612,000
Net increase (decrease) in net assets resulting from operations:          
Net investment income (loss) 8,863,000 7,823,000 5,418,000 [2] 3,508,000 $ 16,686,000
Net change in unrealized gains (losses) on investments (1,376,000) (5,848,000) 897,000 (636,000)  
Net realized gains (losses) on investments $ 968,000 $ 1,000      
Capital contributions (in shares) 923,703       923,703
Capital contributions $ 18,123,000   79,645,000 9,950,000 $ 18,123,000
Dividends to shareholders:          
Reinvestment of shareholder distributions (in shares) 229,835 318,515     548,350
Reinvestment of shareholder distributions $ 4,486,000 $ 6,325,000      
Dividends declared from net investment income $ (9,370,000) (8,030,000)      
Ending balance (in shares) 18,618,427       18,618,427
Ending balance $ 362,577,000 $ 340,883,000 $ 241,038,000 $ 155,078,000 $ 362,577,000
Shares          
Beginning balance (in shares) 17,464,889 17,146,374     17,146,374
Net increase (decrease) in net assets resulting from operations:          
Capital contributions (in shares) 923,703        
Dividends to shareholders:          
Reinvestment of shareholder distributions (in shares) 229,835 318,515      
Ending balance (in shares) 18,618,427 17,464,889     18,618,427
Paid in Capital          
Beginning balance $ 353,759,000 $ 347,434,000     $ 347,434,000
Net increase (decrease) in net assets resulting from operations:          
Capital contributions 18,123,000        
Dividends to shareholders:          
Reinvestment of shareholder distributions 4,486,000 6,325,000      
Ending balance 376,368,000 353,759,000     376,368,000
Distributable Earnings          
Beginning balance (12,876,000) (6,822,000)     (6,822,000)
Net increase (decrease) in net assets resulting from operations:          
Net investment income (loss) 8,863,000 7,823,000      
Net change in unrealized gains (losses) on investments (1,376,000) (5,848,000)      
Net realized gains (losses) on investments 968,000 1,000      
Dividends to shareholders:          
Dividends declared from net investment income (9,370,000) (8,030,000)      
Ending balance $ (13,791,000) $ (12,876,000)     $ (13,791,000)
[1]
(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.
[2] 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.