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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Net interest income        
Interest income net of amortization/accretion $ 21,022 $ 12,287 $ 56,347 $ 30,079
Interest expense (10,742) (7,105) (28,664) (17,887)
Net interest income 10,280 5,182 27,683 12,192
Provision for credit losses 1,796 (410) (1,378) (1,286)
Net interest income after provision for credit losses 12,076 4,772 26,305 10,906
Operating Expenses:        
Management fees (see Note 8) 1,236 621 3,315 1,539
Incentive fees (see Note 8) 648 385 2,070 1,067
Professional fees 343 268 982 900
Administration and custodian fees 491 74 1,301 202
Other expenses 5 4 10 40
Total operating expenses 2,723 1,352 7,678 3,748
Other Income:        
Reimbursement - Investment Manager (see Note 8) 115 (47) 328 169
Income from equity method investments 1,031 1,589 2,695 4,939
Other income 357 195 1,255 334
Total other income 1,503 1,737 4,278 5,442
Net Income $ 10,856 $ 5,157 $ 22,905 $ 12,600
Net income per unit, Basic $ 0.3 $ 0.29 $ 0.71 $ 0.85
Net income per unit, Diluted $ 0.3 $ 0.29 $ 0.71 $ 0.85
Weighted average units outstanding, Basic 36,191,199 18,024,113 32,321,950 14,897,713
Weighted average units outstanding, Diluted 36,191,199 18,024,113 32,321,950 14,897,713