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Consolidated Statement of Operations
$ in Thousands
3 Months Ended
Mar. 31, 2025
USD ($)
Investment income  
Interest income $ 19,900
Interest income - PIK 583
Fee income 1,226
Total investment income 21,709
Expenses  
Interest expense 7,480
Management fee 1,370
Professional fees 571
Administration and custody fees 86
Directors’ fees 18
Other expenses 62
Total expenses 9,587
Less: Fees waived by the Adviser (1,370)
Net expenses 8,217
Net investment income 13,492
Realized and unrealized gains (losses)  
Net realized gains (losses) on investments and foreign currencies 268
Net change in unrealized appreciation (depreciation) on investments and foreign currencies 1,718
Benefit (provision) for income taxes 0
Net realized and unrealized gains (losses) 1,986
Net increase (decrease) in net assets resulting from operations $ 15,478