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Consolidated Statement of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
[1]
Income    
Interest from investments $ 12,009 $ 3,447
Paid-in-kind interest income 866 184
Other income 238 0
Total Investment Income 13,113 3,631
Expenses    
Interest 2,312 0
Management fees 829 0
Incentive fees on net investment income 1,118 0
Offering expense 62 0
Professional fees 540 118
Directors’ fees 56 0
Other general and administrative 364 5
Total expenses before expense support 5,281 123
Expense support (See Note 3) 9 0
Net Expenses 5,290 123
Net Investment Income 7,823 3,508 [2]
Net change in unrealized gains (losses):    
Non-controlled, non-affiliated investments (5,848) (636) [3]
Total net change in unrealized gains (losses) (5,848) (636)
Realized gains (losses):    
Non-controlled, non-affiliated investments 1 0 [3]
Total net realized gains (losses) 1 0
Total Net Unrealized and Realized Gains (Losses) (5,847) (636)
Increase (Decrease) in net assets resulting from operations $ 1,976 $ 2,872 [3]
[1] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the three months ended March 31, 2025.
[2]
(1)     Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the three months ended March 31, 2025.
[3] Represents the Company’s period of operations as the Ramp Vehicle (a private fund based on an exception from the definition of “investment company” under Section 3(c)(7) of the 1940 Act) for the three months ended March 31, 2025.