v3.25.4
AGREEMENTS AND ORGANIZATIONAL DOCUMENTS (Tables)
12 Months Ended
Dec. 31, 2025
Investment Company [Abstract]  
Schedule of Base Management Fee, Income Based Fee and Capital Gains Incentive Fee
The base management fee, income based fee and capital gains incentive fee for the years ended December 31, 2025, and for the period from May 7, 2024 (inception) to December 31, 2024 were as follows:
For the year ended December 31, 2025For the period from May 7, 2024 (inception) to December 31, 2024
Base management fee$13,452 $653 
Income based incentive fee3,810 752 
Capital gains incentive fee (1)
11,195 149 
(1) Accrued in accordance with GAAP as discussed below. As of December 31, 2025 and 2024, there was no capital gains incentive fee actually payable under the Fund's Investment Advisory Agreement.