Consolidated Statement of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2025
Investment income
Payment-in-kind interest income		$ 126
Total investment income	$ 16,194	19,300
Operating Expenses
Organization costs	157	2,796
Offering Costs	167	167
Interest expense	2,820	5,260
Management fee	2,377	2,377
Investment income incentive fee	1,469	1,555
Capital gains incentive fee	(88)
Administration fees	747	884
Professional fees	362	433
Other expenses	283	285
Total operating expenses before expense support and waivers	8,294	13,757
Expense support (Note 3)	(148)	(2,786)
Management fee waiver	(2,377)	(2,377)
Investment income incentive fee waiver	(135)	(221)
Net Operating Expenses	5,634	8,373
Net investment income (loss) before taxes	10,560	10,928
Income taxes, including unincorporated business tax expense	55	123
Net investment income (loss)	10,505	10,805
Net realized gain (loss) from:
Foreign currency transactions	(22)	8
Forward currency contracts	(214)	(214)
Total net realized gain (loss)	(325)	(281)
Net unrealized gain (loss) from:
Forward foreign currency contracts	162	118
Total net change in unrealized gain (loss)	(1,273)	(613)
Total net realized and change in unrealized gain (loss)	(1,598)	(894)
Total Net Increase (Decrease) in Net Assets Resulting from Operations	$ 8,907	$ 9,911
Net investment income per share (basic and diluted):
Net investment income per share, basic	$ 0.34	$ 0.36
Net investment income per share, diluted	0.34	0.36
Earnings per share, basic	0.29	0.32
Earnings per share, diluted	$ 0.29	$ 0.32
Weighted average shares outstanding, basic	30,533,432	30,533,432
Weighted average shares outstanding, diluted	30,533,432	30,533,432
Non-controlled, Non-affiliated Investments
Investment income
Interest income	$ 15,924	$ 18,455
Payment-in-kind interest income	101	126
Other income	68	618
Total investment income	16,093	19,199
Net realized gain (loss) from:
Net realized gain (loss)	(89)	(75)
Net unrealized gain (loss) from:
Net change in unrealized gain (loss) from	(1,374)	(670)
Non-Controlled, Affiliated Investments
Investment income
Interest income	97	97
Other income	4	4
Total investment income	101	101
Net unrealized gain (loss) from:
Net change in unrealized gain (loss) from	$ (61)	$ (61)

Fortress Private Lending Fund 10-Q