XML 42 R5.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statement of Operations - USD ($)
$ in Thousands
8 Months Ended 12 Months Ended
Dec. 31, 2024
Dec. 31, 2025
Investment income    
Interest income $ 44,593 $ 88,406
Interest income - PIK 993 3,145
Other income 4,060 6,793
Total investment income 49,646 98,344
Expenses    
Interest expense 18,095 33,018
Management fee 2,742 6,608
Professional fees 1,365 2,167
Administration and custody fees 246 436
Directors’ fees 56 75
Other expenses 189 249
Total expenses 22,693 42,553
Less: Fees waived by the Adviser (2,742) (6,608)
Net expenses 19,951 35,945
Net investment income 29,695 62,399
Realized and unrealized gains (losses)    
Net realized gains (losses) on investments and foreign currencies 537 755
Net change in unrealized appreciation (depreciation) on investments and foreign currencies 8,058 (3,206)
Benefit (provision) for income taxes (948) 256
Net realized and unrealized gains (losses) 7,647 (2,195)
Net increase (decrease) in net assets resulting from operations $ 37,342 $ 60,204