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 $ 34,143 $ 11,507 $ 87,418 $ 25,306
Dividend income 3,154 4,562 16,068 9,051
Total investment income 37,297 16,069 103,486 34,357
Expenses        
General and administration expenses 2,916 2,924 9,381 7,657
Performance fees 0 1,965 0 3,691
Management fees 4,560 942 12,328 1,882
Deferred offering expenses amortization 138 160 405 480
Shareholder servicing fees 0 360 1,223 767
Director fees 154 161 459 448
Organizational expenses 0 0 174 102
Interest and other debt expenses 472 351 893 1,317
Total expenses 8,240 6,863 24,863 16,344
Expense (support from)/reimbursement to Operating Manager 397 (1,283) 92 (4,824)
Net expenses 8,637 5,580 24,955 11,520
Net investment income before taxes 28,660 10,489 78,531 22,837
Provision for (benefit from) income taxes 909 1,184 4,027 2,062
Net investment income 27,751 9,305 74,504 20,775
Net realized and net change in unrealized gains (losses) on investments and derivatives:        
Net realized gain (loss) on investments 434 2,876 (2,041) 3,335
Net realized gain (loss) on derivatives 40 (1,676) (5,319) (150)
Net realized gain (loss) on foreign currency transactions (1,133) (2,242) (95) (4,370)
Net change in unrealized gain (loss) on investments 11,246 6,512 395 27,850
Net change in unrealized gain (loss) on derivatives (8,621) 6,839 (9,474) (6,279)
Net unrealized gain (loss) on foreign currency translations (11,675) (69) (12,262) (12)
Net realized and net change in unrealized gains (losses) on investments and derivatives (9,709) 12,240 (28,796) 20,374
Net increase (decrease) in net assets resulting from operations 18,042 21,545 45,708 41,149
Series I        
Investment Income        
Interest income 5,666 2,517 14,786 5,945
Dividend income 283 1,002 2,526 2,127
Total investment income 5,949 3,519 17,312 8,072
Expenses        
General and administration expenses 454 642 1,563 1,831
Performance fees 0 431 0 903
Management fees 714 252 2,046 517
Deferred offering expenses amortization 22 35 68 115
Shareholder servicing fees 0 114 320 254
Director fees 24 35 76 107
Organizational expenses 0 0 30 25
Interest and other debt expenses 209 99 345 380
Total expenses 1,423 1,608 4,448 4,132
Expense (support from)/reimbursement to Operating Manager 61 (282) 0 (1,158)
Net expenses 1,484 1,326 4,448 2,974
Net investment income before taxes 4,465 2,193 12,864 5,098
Provision for (benefit from) income taxes 922 846 2,325 1,663
Net investment income 3,543 1,347 10,539 3,435
Net realized and net change in unrealized gains (losses) on investments and derivatives:        
Net realized gain (loss) on investments 69 628 (358) 740
Net realized gain (loss) on derivatives 6 (367) (946) 45
Net realized gain (loss) on foreign currency transactions (177) (424) 3 (945)
Net change in unrealized gain (loss) on investments 1,711 1,451 (1,697) 6,775
Net change in unrealized gain (loss) on derivatives (1,333) 1,477 (1,139) (1,803)
Net unrealized gain (loss) on foreign currency translations (1,797) (83) (667) (6)
Net realized and net change in unrealized gains (losses) on investments and derivatives (1,521) 2,682 (4,804) 4,806
Net increase (decrease) in net assets resulting from operations 2,022 4,029 5,735 8,241
Series II        
Investment Income        
Interest income 28,477 8,990 72,632 19,361
Dividend income 2,871 3,560 13,542 6,924
Total investment income 31,348 12,550 86,174 26,285
Expenses        
General and administration expenses 2,462 2,282 7,818 5,826
Performance fees 0 1,534 0 2,788
Management fees 3,846 690 10,282 1,365
Deferred offering expenses amortization 116 125 337 365
Shareholder servicing fees 0 246 903 513
Director fees 130 126 383 341
Organizational expenses 0 0 144 77
Interest and other debt expenses 263 252 548 937
Total expenses 6,817 5,255 20,415 12,212
Expense (support from)/reimbursement to Operating Manager 336 (1,001) 92 (3,666)
Net expenses 7,153 4,254 20,507 8,546
Net investment income before taxes 24,195 8,296 65,667 17,739
Provision for (benefit from) income taxes (13) 338 1,702 399
Net investment income 24,208 7,958 63,965 17,340
Net realized and net change in unrealized gains (losses) on investments and derivatives:        
Net realized gain (loss) on investments 365 2,248 (1,683) 2,595
Net realized gain (loss) on derivatives 34 (1,309) (4,373) (195)
Net realized gain (loss) on foreign currency transactions (956) (1,818) (98) (3,425)
Net change in unrealized gain (loss) on investments 9,535 5,061 2,092 21,075
Net change in unrealized gain (loss) on derivatives (7,288) 5,362 (8,335) (4,476)
Net unrealized gain (loss) on foreign currency translations (9,878) 14 (11,595) (6)
Net realized and net change in unrealized gains (losses) on investments and derivatives (8,188) 9,558 (23,992) 15,568
Net increase (decrease) in net assets resulting from operations $ 16,020 $ 17,516 $ 39,973 $ 32,908