v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Investment income:        
Dividend income $ 700 $ 1,200 $ 1,100 $ 1,200
Total investment income 52,956 40,457 107,060 70,135
Expenses:        
Interest expense 13,612 8,864 28,231 15,412
Management fees 4,248 2,942 8,296 5,243
Income based incentive fee 4,928 3,879 9,898 6,694
Capital gains incentive fee 213 (323) (1,436) (657)
Professional fees 614 686 1,244 1,203
Board of Trustees’ fees 100 75 199 159
Administrative service expenses (Note 3) 465 552 983 991
Other general & administrative 646 660 1,257 1,165
Amortization of continuous offering costs 82 91 173 536
Total expenses 25,554 17,968 50,102 31,750
Expense support (Note 3) 0 (1,256) 0 (3,317)
Recoupment of expense support (Note 3) 633 0 1,047 0
Net expenses 26,187 9,891 51,149 16,034
Net investment income before excise tax 26,769 30,566 55,911 54,101
Excise tax expense 337 726 691 796
Net investment income after excise tax 26,432 29,840 55,220 53,305
Net realized and change in unrealized gain (loss):        
Non-controlled/non-affiliated investments     1,185 (580)
Foreign currency forward contracts (701) (3,078) (114) (4,009)
Foreign currency transactions 854 264 805 (3)
Net realized gain (loss) 607 (3,030) 1,876 (4,592)
Net change in unrealized appreciation (depreciation):        
Change in Unrealized Gains (Loss)     (16,721) 12,419
Foreign currency forward contracts 913 (7,743) 4,079 (9,880)
Translation of assets and liabilities in foreign currencies 464 (1,607) 1,193 (2,333)
Net change in unrealized appreciation (depreciation) 816 879 (11,449) 206
Net realized and change in unrealized gain (loss) 1,423 (2,151) (9,573) (4,386)
Net increase (decrease) in net assets resulting from operations 27,855 27,689 45,647 48,919
Class D        
Expenses:        
Shareholder servicing and/or distribution fees 646 542 1,257 1,004
Class S        
Expenses:        
Shareholder servicing and/or distribution fees 0 0 0 0
Non-Controlled/Non-Affiliated Investments        
Investment income:        
Interest income 44,255 34,407 92,202 59,915
Payment-in-kind interest income 7,483 4,676 12,676 8,838
Dividend income 716 1,195 1,126 1,195
Other income 332 179 721 187
Net realized and change in unrealized gain (loss):        
Non-controlled/non-affiliated investments 454 (216) 1,185 (580)
Net change in unrealized appreciation (depreciation):        
Change in Unrealized Gains (Loss) 1,163 10,229 (14,649) 12,419
Non-Controlled/Affiliated Investments        
Investment income:        
Interest income 53 0 105 0
Payment-in-kind interest income 117 0 230 0
Net change in unrealized appreciation (depreciation):        
Change in Unrealized Gains (Loss) (1,724) 0 (2,072) 0
Shareholder Servicing and Distribution Fees        
Expenses:        
Fee waived 0 0 0 (462)
Management Fee        
Expenses:        
Fee waived 0 (2,942) 0 (5,243)
Incentive Fee        
Expenses:        
Fee waived $ 0 $ (3,879) $ 0 $ (6,694)