v3.26.3
Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Investments at fair value $ 482,992 $ 318,615
Cash and cash equivalents 14,996 19,201
Interest receivable from non-controlled/non-affiliated investments 3,535 1,208
Dividend receivable from controlled/affiliated investments 740 489
Due from affiliate 378 0
Receivable for investments sold 286 16
Foreign currencies (cost $3 and $46, respectively) 3 46
Other assets 2 2
Total assets 502,932 339,577
LIABILITIES    
Debt (net of deferred financing costs $3,940 and $4,522, respectively) (Note 5) 264,529 191,005
Subscriptions received in advance (Note 9) 4,180 12,625
Interest payable 3,085 2,065
Distribution payable 1,746 964
Professional fees payable 1,152 395
Income incentive fees payable (Note 3) 759 429
Due to affiliate 205 1,161
Management fees payable (Note 3) 188 106
Distribution and shareholder servicing fees payable (Note 3) 160 90
Accrued expenses and other liabilities 107 173
Administration fees payable (Note 3) 47 27
Payables for investment purchased 0 3,032
Capital gains incentive fees payable (Note 3) 0 85
Total liabilities 276,158 212,157
Total net assets 226,774 127,420
NET ASSETS    
Common shares, $0.01 par value (9,187,784 and 5,073,629 shares issued and outstanding, respectively, unlimited number of authorized shares) 92 51
Paid in capital in excess of par value 229,153 126,935
Total distributable earnings (accumulated loss) (2,471) 434
Total net assets 226,774 127,420
Total liabilities and net assets $ 502,932 $ 339,577
Net asset value per share (in Dollars per share) $ 24.68 $ 25.11
Non-controlled/Non-affiliated Investments [Member]    
ASSETS    
Investments at fair value $ 457,142 $ 299,851
Controlled/Affiliate Investments [Member]    
ASSETS    
Investments at fair value $ 25,850 $ 18,764