Financials
FY 2025 · USDRevenue— · FY 2025Net income— · FY 2025Assets163,923,975USD · FY 2025Source
10-K · 2026-03-19 · 0001193125-26-115894
As of 2025-12-31
Cash16,338,381USD · FY 2025Source
10-K · 2026-03-19 · 0001193125-26-115894
As of 2025-12-31
Operating income— · FY 2025Diluted EPS— · FY 2025 Some figures are unavailable for this reporting year.
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
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| ASSETS | | | |
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| AssetsUSD | 163,923,975Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 97,787,177Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 54,665,803Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| Current assets: | | | |
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| Cash and Cash Equivalents, at Carrying ValueUSD | 16,338,381Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 5,783,352Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 1,045,096Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| LIABILITIES AND EQUITY | | | |
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| LiabilitiesUSD | 7,272,463Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 3,468,685Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 928,440Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| Stockholders’ equity: | | | |
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| Common Stock, Value, IssuedUSD | 43,644Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 31,614Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 20,342Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
|---|
| Additional Paid in CapitalUSD | 121,085,674Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 82,466,305Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 51,208,681Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| Liabilities and EquityUSD | 163,923,975Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 97,787,177Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 54,665,803Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| Additional Financial Items | | | |
|---|
| Partners' CapitalUSD | 156,651,512Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 94,318,492Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 53,737,363Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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Lines labelled “Derived” are calculated from reported figures.
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 |
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| Cash flows from operating activities: | | | |
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| Net Cash Provided by (Used in) Operating ActivitiesUSD | -27,923,190Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | -26,530,640Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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| Cash flows from financing activities: | | | |
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| Net Cash Provided by (Used in) Financing ActivitiesUSD | 38,478,219Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 31,268,896Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 16,338,381Source10-K · 2026-03-19 · 0001193125-26-115894 As of 2025-12-31 | 5,783,352Source10-K · 2025-03-20 · 0001580642-25-001827 As of 2024-12-31 | 1,045,096Source10-K · 2024-03-21 · 0001580642-24-001779 As of 2023-12-31 |
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| Additional Financial Items | | | |
|---|
| Operating ExpensesUSD | 3,581,687Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 4,814,354Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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| Payments to Acquire InvestmentsUSD | — | 24,624,481Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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| Proceeds from Issuance of Common StockUSD | 38,631,399Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 31,268,896Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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| Realized Investment Gains (Losses)USD | 1,154,247Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | — | — |
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| Unrealized Gain (Loss) on InvestmentsUSD | 23,659,977Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 9,038,873Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 | — |
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Lines labelled “Derived” are calculated from reported figures.
income statement · annual statements
| Line item | FY 2025 | FY 2024 |
|---|
| Additional Financial Items | | |
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| Interest and Other IncomeUSD | 529,884Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 385,682Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Interest Income, OperatingUSD | 5,672,537Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 4,702,032Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Investment Income, NetUSD | 6,202,421Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 5,087,714Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Management Fee ExpenseUSD | 2,128,355Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 1,326,418Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Net Investment IncomeUSD | 2,620,734Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 273,360Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Operating ExpensesUSD | 3,581,687Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 4,814,354Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Other General and Administrative ExpenseUSD | 132,173Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | 112,106Source10-K · 2025-03-20 · 0001580642-25-001827 2024-01-01 to 2024-12-31 |
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| Realized Investment Gains (Losses)USD | 1,154,247Source10-K · 2026-03-19 · 0001193125-26-115894 2025-01-01 to 2025-12-31 | — |
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Lines labelled “Derived” are calculated from reported figures.