v3.26.3
Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Assets:    
Investments at fair value $ 574,512 $ 316,015
Cash 2,735 10,487
Cash equivalents 17,834 17,082
Interest receivable 4,348 2,523
Prepaid expenses and other assets 3,468 533
Total assets 602,897 346,640
Liabilities:    
Debt (net of deferred financing costs of $-, and $-, respectively) 180,000  
Distribution payable   4,013
Management fees payable 2,520 1,807
Incentive fee payable 697 344
Administration fees payable 318 318
Professional fees payable 647 298
Interest and credit facility fees payable 696 219
Legal fees payable 200 127
Due to affiliate 110 67
Accounts payable and accrued expenses 236 47
Total liabilities 185,424 7,240
Commitments and contingencies (Note 7)
Net assets:    
Shares, par value $0.001 (27,228,432 and 22,293,620 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively) 27 22
Paid-in-capital in excess of par value 415,628 340,042
Distributable earnings (loss) 1,818 (664)
Total net assets 417,473 339,400
Total liabilities and net assets $ 602,897 $ 346,640
Net asset value per share (in dollars per share) $ 15.33 $ 15.22
Non-controlled non-affiliated investments    
Assets:    
Investments at fair value $ 532,789 $ 316,015
Controlled affiliated investments    
Assets:    
Investments at fair value $ 41,723