Six months ended

 

Six months ended

June 30,

(In thousands, except shares)

2026

2025

Per share data:^*

Net asset value at beginning of period

$

15.22

$

15.18

Net investment income (loss)

0.38

0.17

Net change in realized gain (loss) and unrealized appreciation (depreciation)

(0.03)

(0.02)

Net increase (decrease) in net assets resulting from operations

0.35

0.15

Issuance of Shares⁽¹⁾

0.01

(0.01)

Distributions declared

(0.28)

—

Net asset value at end of period

$

15.30

$

15.32

Shares outstanding at end of period

22,520,430

15,243,006

Weighted average net assets

$

342,294

$

194,938

Weighted average shares outstanding

22,418,248

12,179,062

Total return based on net asset value ⁽²⁾

2.38

%

0.92

%

Supplemental Data/Ratio:^*

Net assets at end of period

$

344,450

$

233,569

Ratio of total expenses to average net assets

5.72

%

5.51

%

Ratio of net expenses after waivers to average net assets

5.72

%

5.51

%

Ratio of net investment income to average net assets

5.03

%

2.15

%

Portfolio turnover

39.49

%

8.38

%

Average debt per share outstanding

$

2.21

$

—

Average debt outstanding

49,652

—

Asset coverage ratio

364.96

%

—

%