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Consolidated Statements of Cash Flows (Statement) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
[2]
Cash Flows from Operating Activities    
Increase (Decrease) in net assets resulting from operations $ 1,976,000 $ 2,872,000 [1]
Adjustments to reconcile increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities:    
Net change in unrealized (gains) losses on investments 5,848,000 636,000 [1]
Net realized (gains) losses on investments (1,000) 0 [1]
Net amortization of discount on investments (820,000) (146,000)
Amortization of deferred financing costs 27,000 0
Amortization of discount on debt 34,000 0
Purchases and originations of investments, net (68,781,000) (50,836,000)
Proceeds from investments, net 276,000 0
Repayments on investments 11,660,000 5,784,000
Paid-in-kind interest capitalized (461,000) (225,000)
Changes in operating assets and liabilities:    
Interest receivable (1,137,000) (125,000)
Prepaid expenses and other assets 4,873,000 (6,566,000)
Management fees payable to affiliate (27,000) 0
Incentive fees on net investment income payable to affiliate 90,000 0
Other payables to affiliates 43,000 0
Investment payables 16,510,000 (4,935,000)
Other liabilities 106,000 (286,000)
Net Cash Provided by (Used in) Operating Activities (29,784,000) (53,827,000)
Cash Flows from Financing Activities    
Borrowings on debt 148,617,000 0
Repayments on debt (134,800,000) 0
Deferred financing costs 0 0
Dividends paid to shareholders (2,494,000) 0
Capital calls 0 9,950,000
Net Cash Provided by (Used in) Financing Activities 11,323,000 9,950,000
Net Increase (Decrease) in Cash and Cash Equivalents (18,461,000) (43,877,000)
Cash and cash equivalents, beginning of period 25,850,000 49,084,000
Cash and Cash Equivalents, End of Period 7,389,000 5,207,000
Supplemental Information:    
Interest paid during the period 2,066,000 0
Excise and other taxes paid during the period 60,000 0
Dividends declared during the period 8,030,000 0
Non-Cash Financing Activities:    
Reinvestment of dividends during the period $ 6,325,000 $ 0
[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] 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.