v3.24.0.1
Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Investment income      
Other income $ 488 $ 2 $ 1
Total investment income 164,209 107,751 71,095
Operating expenses      
Management fees 16,711 11,882 8,989
Incentive fees 19,046 13,183 9,232
Interest and other debt financing expenses 43,143 16,761 4,192
Professional fees 2,350 2,133 1,601
Administration agreement expenses 2,125 1,838 1,566
Insurance expense 1,028 1,016 339
Tax expense 664 291 1
Other expenses 867 851 683
Total operating expenses 85,934 47,955 26,603
Net investment income 78,275 59,796 44,492
Net realized and net change in unrealized gain (loss) on investments      
Net realized gain (loss) on investments, including U.S. Treasury Bills (18,387) (1,061) 4,172
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (15,547) (26,485) (3,045)
Net realized and unrealized gain (loss) on investments (33,934) (27,546) 1,127
Net increase in net assets resulting from operations $ 44,341 $ 32,250 $ 45,619
Net investment income per common share (basic and diluted) [1] $ 1.93 $ 1.46 $ 1.3
Net increase (decrease) in net assets resulting from operations per common share, Basic 1.09 0.79 1.33
Net increase (decrease) in net assets resulting from operations per common share, Diluted $ 1.09 $ 0.79 $ 1.33
Weighted average shares outstanding, Basic 40,509,269 40,971,242 34,183,358
Weighted average shares outstanding, Diluted 40,509,269 40,971,242 34,183,358
From Non-controlled/ Non-affiliated Investments      
Investment income      
Interest income $ 136,912 $ 95,264 $ 63,226
Payment in-kind interest income 20,083 5,558 2,992
Dividend income 1,279 1,338 1,395
Fee income 3,342 1,383 3,364
Net realized and net change in unrealized gain (loss) on investments      
Net realized gain (loss) on investments, including U.S. Treasury Bills (1,374) 939 4,172
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (20,491) (18,870) (16,231)
From affiliated investments      
Investment income      
Interest income 2,090 5 0
Payment in-kind interest income 0 96 0
Fee income 15 8 0
Net realized and net change in unrealized gain (loss) on investments      
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills (4,938) (3,476) 0
From controlled Investments      
Investment income      
Interest income 0 1,112 113
Payment in-kind interest income 0 2,985 4
Net realized and net change in unrealized gain (loss) on investments      
Net realized gain (loss) on investments, including U.S. Treasury Bills (17,013) (2,000) 0
Net change in unrealized gain (loss) on investments, including U.S. Treasury Bills $ 9,882 $ (4,139) $ 13,186
[1] All per share activity, excluding dividends, is calculated based on the weighted-average shares outstanding for the relevant period.