v3.25.4
Consolidated Statements of Assets and Liabilities (Parenthetical) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Investments, at cost $ 870,675 [1],[2],[3] $ 280,031 [4],[5],[6]
Deferred financing costs, net $ 6,873 $ 1,413
Common stock, par value $ 0.01 $ 0.01
Common stock, authorized 300,000,000 300,000,000
Common stock, issued 17,187,406 6,677,756
Common stock, outstanding 17,187,406 6,677,756
Class I Shares    
Common stock, par value $ 0.01 $ 0.01
Common stock, authorized 100,000,000 100,000,000
Common stock, outstanding 17,185,048 6,677,756
Class S Shares    
Common stock, par value $ 0.01  
Common stock, authorized 100,000,000  
Common stock, outstanding 2,358  
[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, as defined by the Investment Company Act. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated.
[3] The fair value of the investment was determined using significant unobservable inputs unless otherwise noted, as defined by the Investment Company Act. See Note 2 “Summary of Significant Accounting Policies”.
[4] 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.
[5] All positions held are non-controlled/non-affiliated investments, unless otherwise noted, as defined by the Investment Company Act. Non-controlled/non-affiliated investments are investments that are neither controlled nor affiliated.
[6] The fair value of the investment was determined using significant unobservable inputs unless otherwise noted, as defined by the Investment Company Act. See Note 2 “Summary of Significant Accounting Policies”.