v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Increase (Decrease) in net assets resulting from operations $ 10,431 $ 9,187 [1]
Adjustments to reconcile increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gains) losses on investments 7,224 (262) [1]
Net realized (gains) losses on investments (969) 0 [1]
Net amortization of discount on investments (1,931) (371) [1]
Amortization of deferred financing costs 55 0 [1]
Amortization of discount on debt 84 0 [1]
Purchases and originations of investments, net (211,814) (151,401) [1]
Proceeds from investments, net 37,336 1,295 [1]
Repayments on investments 19,691 14,159 [1]
Paid-in-kind interest capitalized (976) (643) [1]
Changes in operating assets and liabilities:    
Interest receivable (1,154) (802) [1]
Interest receivable paid-in-kind (966) 0
Prepaid expenses and other assets 5,176 51 [1]
Management fees payable to affiliate (17) 0 [1]
Incentive fees on net investment income payable to affiliate 238 0 [1]
Other payables to affiliates 64 19 [1]
Investment payables 8,957 8,302 [1]
Other liabilities 1,084 (533) [1]
Net Cash Provided by (Used in) Operating Activities (127,487) (120,999) [1]
Cash Flows from Financing Activities    
Borrowings on debt 164,566 0 [1]
Repayments on debt (66,600) 0 [1]
Dividends paid to shareholders (6,039) 0 [1]
Capital contributions 18,123 89,595 [1]
Net Cash Provided by (Used in) Financing Activities 110,050 89,595 [1]
Net Increase (Decrease) in Cash and Cash Equivalents (17,437) (31,404) [1]
Cash and cash equivalents, beginning of period 25,850 49,084 [1]
Cash and Cash Equivalents, End of Period 8,413 17,680 [1]
Supplemental Information:    
Interest paid during the period 4,900 0 [1]
Excise and other taxes paid during the period 64 0 [1]
Dividends declared during the period 17,400 0 [1]
Non-Cash Financing Activities:    
Reinvestment of dividends during the period 10,811 0 [1]
Investment Transfer to Other Liabilities $ 85 $ 0
[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.