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Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Amortized cost $ 729,603 [1],[2],[3],[4] $ 556,863 [5],[6],[7],[8],[9]
Investments, at fair value $ 732,215 [1],[2],[3],[4] $ 557,087 [5],[6],[7],[8],[9]
Other Receivable, after Allowance for Credit Loss, Related Party, Type [Extensible Enumeration] Related Party Related Party
Accounts Payable, Related Party, Type [Extensible Enumeration] Affiliated Entity [Member] Affiliated Entity [Member]
Preferred stock par value (in dollar per share) $ 0.001 $ 0.001
Preferred stock shares authorized (in shares) 50,000,000 50,000,000
Preferred stock shares issued (in shares) 0 0
Preferred stock shares outstanding (in shares) 0 0
Common stock par value (in dollar per share) $ 0.001 $ 0.001
Common stock shares authorized (in shares) 450,000,000 450,000,000
Common stock shares issued (in shares) 24,293,039 23,797,438
Common stock shares outstanding (in shares) 24,293,039 23,797,438
Non-controlled/non-affiliated investments    
Amortized cost $ 701,216 [1],[2],[3],[4] $ 522,945 [5],[6],[7],[8],[9]
Investments, at fair value 701,553 [1],[2],[3],[4] 522,935 [5],[6],[7],[8],[9]
Non-controlled/affiliated investments    
Amortized cost 19,803 [1],[2],[3],[4] 29,349 [5],[6],[7],[8],[9]
Investments, at fair value 22,078 [1],[2],[3],[4] 29,583 [5],[6],[7],[8],[9]
Controlled/affiliated investments    
Amortized cost 8,584 [1],[2],[3],[4] 4,569 [5],[6],[7],[8],[9]
Investments, at fair value $ 8,584 [1],[2],[3],[4] $ 4,569 [5],[6],[7],[8],[9]
[1]
Unless otherwise indicated, all investments are considered Level 3 investments. The fair value of the investment was determined using significant unobservable inputs. See Note 4 "Fair Value Measurement of
Investments."
[2]
Securities exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and may be deemed to be “restricted securities”. Except as noted by this footnote, all of the instruments
on this table are subject to restrictions on resale.
[3]
Industries are classified by The Global Industry Classification Standard ("GICS").
[4]
All investments are denominated in U.S. dollars unless otherwise noted.
[5]
Unless otherwise indicated, all investments are considered Level 3 investments. The fair value of the investment was determined using significant unobservable inputs. See Note 4 "Fair Value Measurement of
Investments."
[6]
Securities exempt from registration under the Securities Act of 1933, as amended (the "Securities Act"), and may be deemed to be “restricted securities”. Except as noted by this footnote, all of the instruments on
this table are subject to restrictions on resale.
[7]
Represents an investment that is not a “qualifying asset” under Section 55(a) of the Investment Company Act of 1940, as amended (the 1940 Act”). As of December 31, 2024, non-qualifying assets represent
0.9% of the Company’s portfolio at fair value. As a BDC, the Company generally has to invest at least 70% of its total assets in qualifying assets.
[8]
Industries are classified by The Global Industry Classification Standard ("GICS").
[9]
All investments are denominated in U.S. dollars unless otherwise noted. The prior year table has been modified to conform to the current year.