v3.26.1
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Assets:    
Investments at fair value $ 451,789 $ 316,015
Cash 14,935 10,487
Cash equivalents 5,997 17,082
Interest receivable 2,879 2,523
Prepaid expenses and other assets 3,872 533
Total assets 479,472 346,640
Liabilities:    
Debt (net of deferred financing costs of $-, and $-, respectively) 130,000  
Distribution payable   4,013
Management fees payable 2,323 1,807
Incentive fee payable 329 344
Administration fees payable 318 318
Professional fees payable 580 298
Interest and credit facility fees payable 543 219
Legal fees payable 431 127
Due to affiliate 147 67
Board fees payable 107  
Accounts payable and accrued expenses 244 47
Total liabilities 135,022 7,240
Commitments and contingencies (Note 7)
Net assets:    
Shares, par value $0.001 (22,520,430 and 22,293,620 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 22 22
Paid-in-capital in excess of par value 343,498 340,042
Distributable earnings (loss) 930 (664)
Total net assets 344,450 339,400
Total liabilities and net assets $ 479,472 $ 346,640
Net asset value per share (in dollars per share) $ 15.3 $ 15.22
Non-controlled non-affiliated investments    
Assets:    
Investments at fair value $ 417,172 $ 316,015
Controlled affiliated investments    
Assets:    
Investments at fair value $ 34,617