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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Investment Income    
Interest income $ 5,837 $ 3,058
Dividend income 5,905 901
Total investment income 11,742 3,959
Operating Expenses    
Total return incentive fees 2,892 2,293
Base management fees 1,863 834
Organization and offering expenses 530 414
Professional services 423 385
Pursuit costs 160 0
Distribution and shareholder servicing fees 159 64
Custodian and accounting fees 121 54
Insurance expense 59 55
Director fees and expenses 51 51
General and administrative expenses 26 38
Total operating expenses 6,284 4,188
Expense support 0 (2,650)
Reimbursement of expense support 1,630 0
Net operating expenses 7,914 1,538
Net investment income before taxes 3,828 2,421
Income tax benefit (218) 0
Net investment income 4,046 2,421
Net unrealized appreciation on investments:    
Net change in unrealized appreciation on investments 11,769 13,912
Net change in deferred taxes on investments (696) 67
Net increase in net assets resulting from operations $ 15,119 $ 16,400
Common shares information:    
Net investment income (usd per share) $ 0.25 $ 0.23
Net increase in net assets resulting from operations (usd per share) $ 0.93 $ 1.53
Weighted average number of common shares outstanding (in shares) 16,208 10,729