v3.25.2
Financial Highlights and Senior Securities - Schedule of Financial Highlights (Details) - USD ($)
$ / shares in Units, $ in Thousands
 6 Months Ended
Mar. 31, 2025
Jan. 31, 2025
Apr. 30, 2024
Feb. 29, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Per Share Data:              
Shares outstanding, end of period         12,446,559   12,407,361
Supplemental Data:              
Net assets, end of period         $ 299,104   $ 300,334
Asset coverage ratio         175.70%    
Class I              
Per Share Data:              
Net assets, beginning of period         $ 24.21 $ 24.28  
Net investment income (loss) after excise tax [1]         1.4 0.8  
Net realized gain (loss) [1]         (0.04) 0  
Net change in unrealized appreciation (depreciation) [1]         (0.31) 0  
Net increase (decrease) in net assets resulting from operations [1]         1.05 0.8  
Distributions declared from net investment income         (1.24) (0.82)  
Distributions declared from net realized gains         0 0  
Issuance of shares         0    
Other [2]         0.01 (0.01)  
Total increase (decrease) in net assets         (0.18) (0.03)  
Net assets, end of period $ 23.97 $ 24.27 $ 24.25 $ 24.2 $ 24.03 $ 24.25  
Shares outstanding, end of period         12,442,354 12,425,384 12,407,361
Total return based on NAV [3]         4.44% 3.26%  
Ratios:              
Net expenses to average net assets [4]         9.67% 2.33%  
Net investment income to average net assets [4]         11.61% 7.14%  
Portfolio turnover rate [5]         21.14% 4.97%  
Supplemental Data:              
Net assets, end of period         $ 299,003 $ 301,263 $ 300,334
Average debt outstanding         $ 356,199 $ 8,222  
Asset coverage ratio         175.70% 506.60%  
Class D              
Per Share Data:              
Net assets, beginning of period [6]         $ 0    
Net investment income (loss) after excise tax [1],[6]         0.47    
Net realized gain (loss) [1],[6]         0.01    
Net change in unrealized appreciation (depreciation) [1],[6]         0.17    
Net increase (decrease) in net assets resulting from operations [1],[6]         0.65    
Distributions declared from net investment income [6]         (0.4)    
Distributions declared from net realized gains [6]         0    
Issuance of shares [6]         23.78    
Other [2],[6]         0    
Total increase (decrease) in net assets [6]         24.03    
Net assets, end of period [6]         $ 24.03    
Shares outstanding, end of period         4,205 [6]   0
Total return based on NAV [3],[6]         2.74%    
Ratios:              
Net expenses to average net assets [4],[6]         8.26%    
Net investment income to average net assets [4],[6]         13.66%    
Portfolio turnover rate [5],[6]         21.14%    
Supplemental Data:              
Net assets, end of period         $ 101 [6]   $ 0
Average debt outstanding [6]         $ 356,199    
Asset coverage ratio [6]         175.70%    
[1] The per share data was derived by using the weighted average shares outstanding during the period.
[2] Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date.
[3] Total return is calculated as the change in net asset value (“NAV”) per share during the period, plus distributions per share (assuming dividends and distributions are reinvested in accordance with the Company’s dividend reinvestment plan), if any, divided by the beginning NAV per share. Return calculations are not annualized.
[4] For the six months ended June 30, 2025, the ratio of total operating expenses to average net assets was 14.05% and 12.80% on Class I and Class D, respectively, on an annualized basis, excluding the effect of expense support/(recoupment) management fee and income based incentive fee waivers by the Adviser, if any, which represented 4.39% and 4.54% on Class I and Class D, respectively, of average assets. For the six months ended June 30, 2024, amounts are annualized except for organizational costs, excise tax, and management fee and income based incentive fee waivers by the Adviser, if any. For the six months ended June 30, 2024, the ratio of total operating expenses to average net assets was 5.14% on an annualized basis, excluding the effect of management fee and income based incentive fee waivers by the Adviser, if any, which represented 2.80% of average assets.
[5] Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. Ratio is not annualized.
[6] The date of the first sale of Class D shares was May 1, 2025. See Note 8 - Net Assets for additional information.