v3.25.2
Fair Value Measurement - Schedule of Changes in Fair Value of Level 3 Assets by Investment Type (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended 10 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Dec. 31, 2024
Total      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning balance   $ 813,864 $ 0
Origination of loans   432,072 821,341
Paydowns of loans $ (8,937)    
Loan origination fees collected   (4,719) (8,883)
Net accretion on investments   3,047 906
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)   1,694  
Sales of investments     (7,390)
Ending balance 1,237,021 1,237,021 813,864
Total | Debt and Equity Securities, Unrealized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     7,895
Total | Debt and Equity Securities, Realized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     (5)
Senior Mortgage      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning balance   799,660 0
Origination of loans   420,890 799,659
Paydowns of loans (8,937)    
Loan origination fees collected   (4,447) (8,642)
Net accretion on investments   2,925 885
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)   1,522  
Sales of investments     0
Ending balance 1,211,613 1,211,613 799,660
Senior Mortgage | Debt and Equity Securities, Unrealized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     7,758
Senior Mortgage | Debt and Equity Securities, Realized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     0
Mezzanine      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Beginning balance   14,204 0
Origination of loans   11,182 21,682
Paydowns of loans 0    
Loan origination fees collected   (272) (241)
Net accretion on investments   122 21
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)   172  
Sales of investments     (7,390)
Ending balance $ 25,408 $ 25,408 14,204
Mezzanine | Debt and Equity Securities, Unrealized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     137
Mezzanine | Debt and Equity Securities, Realized Gain (Loss)      
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]      
Net change in unrealized appreciation (depreciation) on investments/Net realized gains (losses)     $ (5)