Quarterly report [Sections 13 or 15(d)]

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS

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CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($)
$ in Thousands
 3 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Sep. 30, 2024
Jun. 30, 2024
Investment Company, Net Assets [Roll Forward]        
NET ASSETS, Beginning balance $ 485,304 $ 499,084 $ 477,380 $ 492,711
OPERATIONS        
Net investment income 4,279 9,088 7,291 12,414
Net realized (loss) gain on investments (29,938) 0 42,303 2
Net unrealized appreciation (depreciation) of investments 54,452 (1,047) (34,112) (18,942)
Net unrealized appreciation of other (84) (269) 0 0
Net increase (decrease) in net assets from operations 28,709 7,772 15,482 (6,526)
DISTRIBUTIONS        
Distributions to common stockholders from net investment income [1] (9,289) (10,125) (8,805) (8,805)
Distributions to common stockholders from net realized gains [1] 0 [2] (18,663) (25,682) [2] 0
Net decrease in net assets from distributions [1] (9,289) (28,788) (34,487) (8,805)
CAPITAL ACTIVITY        
Issuance of common stock 31,562 7,331 0 0
Discounts, commissions, and offering costs for issuance of common stock (443) (95) 0 0
Net increase in net assets from capital activity 31,119 7,236 0 0
NET INCREASE (DECREASE) IN NET ASSETS 50,539 (13,780) (19,005) (15,331)
NET ASSETS, Ending balance $ 535,843 $ 485,304 $ 458,375 $ 477,380
[1] Refer to Note 8 — Distributions to Common Stockholders in the accompanying Notes to Consolidated Financial Statements for additional information.
[2] Includes $0.70 per common share of distributions declared and unpaid as of September 30, 2024, as such distribution was a supplemental distribution declared on September 17, 2024 with a record date of October 4, 2024 and a pay date of October 15, 2024.