v3.25.4
Investments - Summary of Investments at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Summary of Investment Holdings [Line Items]    
Cost $ 453,171 [1],[2],[3],[4] $ 0
Fair Value 458,141 [1],[2],[3],[4] $ 0
Unrealized Appreciation/ (Depreciation) 4,970  
Unitranche First Lien    
Summary of Investment Holdings [Line Items]    
Cost 428,556  
Fair Value 434,909  
Unrealized Appreciation/ (Depreciation) 6,353  
Equity    
Summary of Investment Holdings [Line Items]    
Cost 24,615  
Fair Value 23,232  
Unrealized Appreciation/ (Depreciation) $ (1,383)  
[1] All debt investments are income-producing, unless otherwise noted. Equity and member interests are non-income-producing unless otherwise noted. The Company generally acquires its investments in private transactions exempt from registration under the Securities Act. Its investments are therefore generally subject to certain limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.
[2] All positions held are non-controlled/non-affiliated investments, unless otherwise noted. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated as each such term is defined in the Investment Company Act of 1940, as amended (the "1940 Act").
[3] The fair value of the investment was determined using significant unobservable inputs unless otherwise noted. See Note 2 “Summary of Significant Accounting Policies”.
[4] Unless otherwise indicated, the Company’s portfolio companies are not pledged as collateral supporting the amounts outstanding under the JPM Funding Facility. See Note 6 “Debt.”