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Consolidated Statements of Assets and Liabilities - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Total investments $ 1,725,570 $ 1,275,180
Cash and cash equivalents 9,627 4,761
Interest receivable 16,542 11,206
Deferred credit facility costs 6,586 2,144
Other assets 15,916 17,691
Total assets 1,774,241 1,310,982
LIABILITIES    
Convertible Notes, net of $605 and $1,243, respectively, of unamortized deferred financing costs and discount 49,395 48,757
Distribution payable 31,451 23,162
Security deposits 8,472 12,287
Accounts payable, accrued expenses and other liabilities 33,663 24,760
Total liabilities 951,259 699,823
Commitments and contingencies
NET ASSETS    
Common stock, $0.001 par value per share (200,000,000 authorized, 61,669,059 and 46,323,712 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively) 62 46
Paid-in capital in excess of par 829,626 633,740
Distributable earnings/(accumulated deficit) (6,706) (22,627)
Total net assets 822,982 611,159
Total liabilities and net assets $ 1,774,241 $ 1,310,982
NET ASSET VALUE PER SHARE $ 13.35 $ 13.19
Control Investments    
ASSETS    
Total investments $ 89,249 $ 32,861
Affiliate Investments    
ASSETS    
Total investments 34,727 11,335
Non-Control / Non-Affiliate Investments    
ASSETS    
Total investments 1,601,594 1,230,984
KeyBank Credit Facility    
LIABILITIES    
Credit facility 113,000 213,000
2025 Notes    
LIABILITIES    
Notes 152,419 180,485
Series A Notes    
LIABILITIES    
Notes 140,850  
August 2026 Notes    
LIABILITIES    
Notes 124,050 123,474
September 2029 Notes    
LIABILITIES    
Notes 111,567  
March 2029 Notes    
LIABILITIES    
Notes 112,121  
December 2026 Notes    
LIABILITIES    
Notes $ 74,271 $ 73,898