v3.26.3
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Investment income        
Interest income $ 9,551 $ 5,431 $ 25,410 $ 11,385
Payment-in-kind interest income 129 0 381 0
Fee income 409 161 930 399
Dividend income 740 425 1,909 562
Total investment income 10,829 6,017 28,630 12,346
Expenses        
Interest expense 3,843 2,652 10,385 5,569
Income incentive fees (Note 3) 759 369 1,976 652
Professional fees 630 363 1,270 753
Management fees (Note 3) 538 273 1,434 457
Distribution and shareholder servicing fees (Note 3) 457 232 1,219 348
Other general & administrative 140 19 303 101
Administration fees (Note 3) 134 68 358 114
Organizational costs 0 0 0 180
Capital gains incentive fees (Note 3) 0 28 (85) 63
Total expenses 6,501 4,004 16,860 8,237
Expense reimbursement (Note 3) (525) (310) (923) (1,039)
Management fees waived (Note 3) 0 0 0 (48)
Net expenses 5,976 3,694 15,937 7,150
Net investment income (loss) 4,853 2,323 12,693 5,196
Net realized gain (loss) and change in unrealized appreciation (depreciation)        
Non-controlled/non-affiliated investments 0 0 87 0
Net realized gain (loss) 0 0 87 0
Net change in unrealized appreciation (depreciation) (66) 225 (2,469) 586
Net realized gain (loss) and change in unrealized appreciation (depreciation) (66) 225 (2,382) 586
Net increase (decrease) in net assets resulting from operations 4,787 2,548 10,311 5,782
Non-controlled/Non-affiliated Investments [Member]        
Net realized gain (loss) and change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) (137) 138 (2,403) 499
Controlled/Affiliated Investments [Member]        
Net realized gain (loss) and change in unrealized appreciation (depreciation)        
Net change in unrealized appreciation (depreciation) $ 71 $ 87 $ (66) $ 87