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 $ 2,639 $ 772 $ 4,930 $ 1,239
PIK interest income 228 8 325 8
Other Income 3 1 28 1
Total investment income 2,870 781 5,283 1,248
Expenses:        
Interest expense and credit facility fees (Note 5) 1,117 777 2,754 1,264
Professional fees 524 67 846 73
Organizational expenses 388 1,572 857 1,579
Administration fees 202 66 384 66
Management fees 125 0 125 0
Incentive fees 109 0 109 0
Offering costs 86 0 139 0
Other general and administrative expenses 41 16 124 16
Total expenses before expense support and waivers 2,592 2,498 5,338 2,998
Expense support and waivers (Notes 4 and 5) (1,077) (1,572) (3,156) (1,579)
Net expenses after expense support and waivers 1,515 926 2,182 1,419
Net investment income (loss) before taxes 1,355 (145) 3,101 (171)
Tax expense 0 0 61 0
Net investment income (loss) after taxes 1,355 (145) 3,040 (171)
Net realized gain (loss) on investments        
Non-controlled/non-affiliated investments 6 1 14 2
Non-controlled/affiliated investments 0 (65) 0 (65)
Net change in unrealized appreciation/(depreciation) on investments        
Non-controlled/non-affiliated investments (133) 268 (194) 299
Non-controlled/affiliated investments 0 (110) 0 (110)
Net realized and unrealized gain (loss) on investments (127) 94 (180) 126
Net increase (decrease) in net assets resulting from operations (Note 9) 1,228 (51) 2,860 (45)
Investment, Affiliated Issuer, Noncontrolled [Member]        
Investment income:        
Total investment income $ 2,870 $ 781 $ 5,283 $ 1,248