v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income        
Interest income   $ 6,619   $ 12,753
Dividend income   47   77
Fee income   159   265
Total investment income $ 10,472 $ 6,965 $ 20,617 $ 13,243
Investments at fair value Non-controlled/non-affiliated investments Non-controlled/non-affiliated investments Non-controlled/non-affiliated investments Non-controlled/non-affiliated investments
Expenses        
Interest expense $ 2,482 $ 1,751 $ 4,918 $ 3,468
Professional fees 606 358 1,210 673
Management fees (Note 3) 876 491 1,664 897
Income based incentive fees (Note 3) 763 507 1,506 955
Capital gains incentive fees (Note 3) 60 (90) 95 (95)
Transfer agent's fees and expenses (Note 3) [1] 148 54 235 106
Custodian and accounting fees 80 66 159 131
Shareholders' reports 51 78 103 113
Trustees' fees 51 51 102 102
Pricing fees 30 13 59 25
Servicing and distribution fees 6 0 [2] 7 0 [2]
Other general & administrative 46 43 120 89
Total expenses 5,199 3,322 10,178 6,464
Expense reimbursement (Note 3) (670) (474) (1,337) (887)
Incentive fees waived (Note 3) 0 (417) 0 (860)
Management fees waived (Note 3) 0 (491) 0 (897)
Net expenses 4,529 1,940 8,841 3,820
Net investment income (loss) 5,943 5,025 11,776 9,423
Net realized gain (loss):        
Non-controlled/non-affiliated transactions 26 (1,012) 383 (1,008)
Forward foreign currency contracts transactions 34 (47) (716) 453
Foreign currency transactions 121 106 (129) 2
Net realized gain (loss) 181 (953) (462) (553)
Net change in unrealized appreciation (depreciation):        
Forward foreign currency contracts (124) (1,775) 2,130 (2,985)
Foreign currency (35) 3 (3) 68
Net change in unrealized appreciation (depreciation) 304 227 1,224 (208)
Net realized and change in unrealized gain (loss) 485 (726) 762 (761)
Net increase (decrease) in net assets resulting from operations 6,428 4,299 12,538 8,662
Non-controlled/non-affiliated investments        
Investment income        
Interest income 10,051 6,619 19,565 12,753
Dividend income 97 47 188 47
Fee income 255 159 641 265
Payment-in-kind 39 112 163 120
Net change in unrealized appreciation (depreciation):        
Net change in unrealized appreciation (depreciation) (1,771) 2,025 (3,352) 2,735
Controlled/affiliated investments        
Investment income        
Interest income 30 0 [2] 60 0 [2]
Dividend income 0 0 0 30
Payment-in-kind 0 28 0 28
Net realized gain (loss):        
Non-controlled/non-affiliated transactions     0  
Net change in unrealized appreciation (depreciation):        
Net change in unrealized appreciation (depreciation) $ 2,234 $ (26) $ 2,449 $ (26)
[1] For the three and six months ended June 30, 2026, $19 and $38, respectively, of affiliated expenses were included. For the three and six months ended June 30, 2025, $13 and $23, respectively, of affiliated expenses were included.
[2] Less than $500