v3.26.3
Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment Income:        
Other income $ 3 $ 5 $ 19 $ 5
Total investment income 12,238 5,662 30,479 13,067
Expenses:        
Management fees 2,520 1,857 6,928 4,941
Interest expense and other financing costs 2,631 250 4,676 547
Professional fees 439 199 1,024 556
Administration fees 318 318 954 953
General and administrative expenses 629 170 1,257 470
Legal fees 254 249 733 686
Incentive fees 697   1,391  
Board fees 121 108 352 322
Total operating expenses 7,609 3,151 17,315 8,475
Net investment income (loss) 4,629 2,511 13,164 4,592
Net realized gain (loss)        
Net realized gain (loss)     69  
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments (588) (27) (1,321) (325)
Net increase (decrease) in net assets resulting from operations $ 4,041 $ 2,484 $ 11,912 $ 4,267
Per share data:        
Net investment income (loss) per share, (in dollars per share) $ 0.19 $ 0.16 $ 0.57 $ 0.35
Net increase/(decrease) in net assets resulting from operations per share, basic (in dollars per share) 0.17 0.16 0.52 0.32
Net increase/(decrease) in net assets resulting from operations per share, diluted (in dollars per share) $ 0.17 $ 0.16 $ 0.52 $ 0.32
Weighted average shares outstanding, basic (in shares) 24,260,344 15,300,903 23,039,027 13,231,111
Weighted average shares outstanding, diluted (in shares) 24,260,344 15,300,903 23,039,027 13,231,111
Non-controlled /non-affiliated investments        
Investment Income:        
Interest income from non-controlled/non-affiliated investments $ 12,108 $ 5,160 $ 30,115 $ 11,012
Net realized gain (loss)        
Net realized gain (loss)     69  
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments (1,117) (27) (1,871) (325)
Cash and cash equivalents        
Investment Income:        
Interest income from non-controlled/non-affiliated investments 115 $ 497 333 $ 2,050
Controlled affiliated investments        
Investment Income:        
Dividends from controlled affiliated investments 12   12  
Net change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) from investments $ 529   $ 550