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 $ 14,649 $ 15,002 $ 27,172 $ 29,535
Dividend income 4,121 4,113 8,504 4,113
Total investment income 18,770 19,115 35,676 33,648
Expenses        
General and administration expenses 2,637 2,147 5,369 4,353
Directors fees 153 156 305 309
Deferred offering expenses amortization 132 133 266 266
Interest expense 2,284 0 3,634 0
Management fees, net 1,488 1,343 1,920 2,251
Performance fees 3,439 1,294 5,453 2,257
Total expenses 10,133 5,073 16,947 9,436
Less: Net expense reimbursement (support) to/from Operating Manager 488 0 676 (436)
Net expenses 10,621 5,073 17,623 9,000
Net investment income before taxes 8,149 14,042 18,053 24,648
Provision for (benefit from) income taxes 8,526 3,212 13,362 6,781
Net investment income (377) 10,830 4,691 17,867
Net realized and unrealized gain/(loss)        
Net realized gain/(loss) from investments 1,613 12,428 2,858 12,432
Net realized gain/(loss) from foreign currencies 320 0 320 0
Net realized gain/(loss) from derivatives 522 0 806 0
Net change in unrealized appreciation/(depreciation) from investments 45,589 (1,578) 65,830 4,751
Net change in unrealized appreciation/(depreciation) from foreign currencies (16) 0 (32) 0
Net change in unrealized appreciation/(depreciation) from derivatives 1,675 (2,190) 3,982 (1,835)
Net realized and unrealized gain/(loss) 49,703 8,660 73,764 15,348
Net increase (decrease) in net assets resulting from operations 49,326 19,490 78,455 33,215
Series I [Member]        
Investment income        
Interest income 4,250 4,403 7,933 8,498
Dividend income 1,199 1,198 2,499 1,198
Total investment income 5,449 5,601 10,432 9,696
Expenses        
General and administration expenses 775 627 1,588 1,233
Directors fees 45 45 90 87
Deferred offering expenses amortization 38 38 78 74
Interest expense 664 0 1,064 0
Management fees, net 539 452 724 713
Performance fees 1,141 418 1,818 707
Total expenses 3,202 1,580 5,362 2,814
Less: Net expense reimbursement (support) to/from Operating Manager 141 0 197 (117)
Net expenses 3,343 1,580 5,559 2,697
Net investment income before taxes 2,106 4,021 4,873 6,999
Provision for (benefit from) income taxes 3,739 1,389 6,016 2,541
Net investment income (1,633) 2,632 (1,143) 4,458
Net realized and unrealized gain/(loss)        
Net realized gain/(loss) from investments 467 3,682 835 3,683
Net realized gain/(loss) from foreign currencies 93 0 93 0
Net realized gain/(loss) from derivatives 151 0 235 0
Net change in unrealized appreciation/(depreciation) from investments 13,278 (518) 19,277 1,281
Net change in unrealized appreciation/(depreciation) from foreign currencies (4) 0 (9) 0
Net change in unrealized appreciation/(depreciation) from derivatives 446 (615) 1,124 (520)
Net realized and unrealized gain/(loss) 14,431 2,549 21,555 4,444
Net increase (decrease) in net assets resulting from operations 12,798 5,181 20,412 8,902
Series II [Member]        
Investment income        
Interest income 10,399 10,599 19,239 21,037
Dividend income 2,922 2,915 6,005 2,915
Total investment income 13,321 13,514 25,244 23,952
Expenses        
General and administration expenses 1,862 1,520 3,781 3,120
Directors fees 108 111 215 222
Deferred offering expenses amortization 94 95 188 192
Interest expense 1,620 0 2,570 0
Management fees, net 949 891 1,196 1,538
Performance fees 2,298 876 3,635 1,550
Total expenses 6,931 3,493 11,585 6,622
Less: Net expense reimbursement (support) to/from Operating Manager 347 0 479 (319)
Net expenses 7,278 3,493 12,064 6,303
Net investment income before taxes 6,043 10,021 13,180 17,649
Provision for (benefit from) income taxes 4,787 1,823 7,346 4,240
Net investment income 1,256 8,198 5,834 13,409
Net realized and unrealized gain/(loss)        
Net realized gain/(loss) from investments 1,146 8,746 2,023 8,749
Net realized gain/(loss) from foreign currencies 227 0 227 0
Net realized gain/(loss) from derivatives 371 0 571 0
Net change in unrealized appreciation/(depreciation) from investments 32,311 (1,060) 46,553 3,470
Net change in unrealized appreciation/(depreciation) from foreign currencies (12) 0 (23) 0
Net change in unrealized appreciation/(depreciation) from derivatives 1,229 (1,575) 2,858 (1,315)
Net realized and unrealized gain/(loss) 35,272 6,111 52,209 10,904
Net increase (decrease) in net assets resulting from operations $ 36,528 $ 14,309 $ 58,043 $ 24,313