v3.25.4
Investments - Summary of Industry Composition of Investments at Fair Value (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Summary of Investment Holdings [Line Items]    
Fair Value $ 879,592 [1],[2],[3] $ 282,161 [4],[5],[6]
Percentage of Fair Value 100.00% 100.00%
Health Care Equipment and Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 191,386 $ 65,098
Percentage of Fair Value 21.90% 23.10%
Commercial & Professional Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 115,253 $ 45,829
Percentage of Fair Value 13.20% 16.20%
Software And Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 109,149 $ 68,914
Percentage of Fair Value 12.40% 24.30%
Capital Goods    
Summary of Investment Holdings [Line Items]    
Fair Value $ 88,976 $ 13,435
Percentage of Fair Value 10.10% 4.80%
Financial Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 66,386 $ 7,419
Percentage of Fair Value 7.50% 2.60%
Consumer Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 55,759 $ 9,607
Percentage of Fair Value 6.30% 3.40%
Materials    
Summary of Investment Holdings [Line Items]    
Fair Value $ 43,383 $ 14,925
Percentage of Fair Value 4.90% 5.30%
Pharmaceuticals Biotechnology And Life Sciences    
Summary of Investment Holdings [Line Items]    
Fair Value $ 39,989 $ 11,161
Percentage of Fair Value 4.50% 4.00%
Telecommunication Services    
Summary of Investment Holdings [Line Items]    
Fair Value $ 34,231 $ 1,488
Percentage of Fair Value 3.90% 0.50%
Consumer Discretionary Distribution and Retail    
Summary of Investment Holdings [Line Items]    
Fair Value $ 29,848 $ 6,974
Percentage of Fair Value 3.40% 2.50%
Insurance    
Summary of Investment Holdings [Line Items]    
Fair Value $ 23,923 $ 15,026
Percentage of Fair Value 2.70% 5.30%
Media and Entertainment    
Summary of Investment Holdings [Line Items]    
Fair Value $ 21,773 $ 3,283
Percentage of Fair Value 2.50% 1.20%
Transportation    
Summary of Investment Holdings [Line Items]    
Fair Value $ 19,365 $ 745
Percentage of Fair Value 2.20% 0.30%
Diversified Financials    
Summary of Investment Holdings [Line Items]    
Fair Value $ 15,127 $ 8,777
Percentage of Fair Value 1.70% 3.10%
Energy    
Summary of Investment Holdings [Line Items]    
Fair Value $ 8,156 $ 4,136
Percentage of Fair Value 0.90% 1.50%
Consumer Durables And Apparel    
Summary of Investment Holdings [Line Items]    
Fair Value $ 7,364 $ 1,552
Percentage of Fair Value 0.80% 0.60%
Food, Beverage and Tobacco    
Summary of Investment Holdings [Line Items]    
Fair Value $ 5,759 $ 3,164
Percentage of Fair Value 0.70% 1.10%
Real Estate Management and Development    
Summary of Investment Holdings [Line Items]    
Fair Value $ 3,765 $ 628
Percentage of Fair Value 0.40% 0.20%
[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”.