v3.26.3
Consolidated Statements of Financial Condition - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets    
Total investments, at fair value $ 2,019,693 [1],[2] $ 1,488,856 [3],[4]
Cash 17,843 4,247
Foreign currencies 22 502
Cash equivalents 4,893 26,937
Restricted cash 5,317 2,364
Restricted foreign currencies 1,202 1,100
Restricted cash equivalents 18,754 60,063
Deferred offering costs 172 700
Interest receivable 18,282 11,503
Receivable for investments sold 9,078 13,960
Unrealized gain on forward foreign currency contracts $ 0 $ 167
Derivative Asset, Type [Extensible Enumeration] Foreign Exchange Forward [Member] Foreign Exchange Forward [Member]
Other assets $ 382 $ 698
Total assets 2,095,638 1,611,097
Liabilities    
Debt (net of unamortized debt issuance costs of $13,676 and $9,889, respectively) 897,426 647,597
Distribution payable 8,596 5,958
Incentive fee payable 3,695 2,530
Interest payable 8,573 2,823
Payable for investments purchased 40,101 $ 89,767
Unrealized loss on forward foreign currency contracts $ 414  
Derivative Liability, Type [Extensible Enumeration] Foreign Exchange Forward [Member] Foreign Exchange Forward [Member]
Accrued expenses and other liabilities $ 1,759 $ 2,567
Total liabilities 960,564 751,242
Commitments and Contingencies (Note 11)
Net Assets    
Common shares, $0.01 par value, unlimited authorized, 46,875,751 and 34,892,021 shares issued and outstanding, respectively 469 349
Paid in capital in excess of par value 1,163,112 871,542
Distributable earnings (accumulated loss) (28,507) (12,036)
Total Net Assets 1,135,074 859,855
Total Liabilities and Net Assets $ 2,095,638 $ 1,611,097
Net asset value per share $ 24.21 $ 24.64
Non-controlled, Non-affiliated Investments    
Assets    
Total investments, at fair value $ 2,008,761 [1],[2] $ 1,480,750 [3],[4]
Non-controlled, Affiliated Investments    
Assets    
Total investments, at fair value 0 8,106 [3],[4]
Controlled, Affiliated Investments    
Assets    
Total investments, at fair value $ 10,932 [1],[2] $ 0
[1] $ in thousands. Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments. Refer to Note 5 Fair Value Measurements.
[2] Negative fair market values indicate investment had an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par.
[3] $ in thousands. Unless otherwise indicated, these investments were valued using unobservable inputs and are considered Level 3 investments. Refer to Note 5 Fair Value Measurements.
[4] Negative fair values indicate investment had an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may earn unused commitment fees. Unamortized fees are classified as unearned income which reduces cost basis, which may result in a negative cost basis. A negative fair value may result from the unfunded commitment being valued below par.