v3.25.4
Fair Value Measurements - Summary of Significant Unobservable Inputs Used to Value Level 3 Assets (Details) - Level 3
$ in Thousands
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 1,366,111 [1] $ 492,918 [2]
Investment, Type [Extensible Enumeration] First Lien Senior Secured Loans First Lien Senior Secured Loans
Discounted cash flows | Comparative Yields | Subordinated    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 91,935 [1] $ 45 [2]
Discounted cash flows | Comparative Yields | Minimum | Subordinated    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [3] 13.2  
Discounted cash flows | Comparative Yields | Maximum | Subordinated    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [3] 18.3  
Discounted cash flows | Comparative Yields | Weighted average | Subordinated    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 16.7 [4] 16.6 [5]
Discounted cash flows | Discount Rate | Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 701 [1] $ 628 [2]
Discounted cash flows | Discount Rate | Weighted average | Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 25 [4] 25 [5]
Comparable company multiple | EBITDA Multiple | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 26,060 [1] $ 7,333 [2]
Comparable company multiple | EBITDA Multiple | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 11,238 [1] $ 4,518 [2]
Comparable company multiple | EBITDA Multiple | Minimum | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 4 [3] 3.8 [6]
Comparable company multiple | EBITDA Multiple | Minimum | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 10.3 [3] 10 [6]
Comparable company multiple | EBITDA Multiple | Maximum | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 23.5 [3] 24 [6]
Comparable company multiple | EBITDA Multiple | Maximum | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 16.5 [3] 15.3 [6]
Comparable company multiple | EBITDA Multiple | Weighted average | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 12.5 [4] 11.6 [5]
Comparable company multiple | EBITDA Multiple | Weighted average | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 14.6 [4] 12.3 [5]
Comparable company multiple | Book Value Multiple | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 143  
Comparable company multiple | Book Value Multiple | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 7,638  
Comparable company multiple | Book Value Multiple | Weighted average | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 1  
Comparable company multiple | Book Value Multiple | Weighted average | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 1  
Comparable company multiple | Revenue Multiple | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 1,277 [1] $ 238 [2]
Comparable company multiple | Revenue Multiple | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets 463 [1] $ 107 [2]
Comparable company multiple | Revenue Multiple | Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 532  
Comparable company multiple | Revenue Multiple | Weighted average | Equity Interests    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 9.3 [4] 9.2 [5]
Comparable company multiple | Revenue Multiple | Weighted average | Preferred Equity    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 9.3 [4] 9.2 [5]
Comparable company multiple | Revenue Multiple | Weighted average | Warrants    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 3.8  
First Lien Senior Secured Loans | Discounted cash flows | Comparative Yields    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets $ 1,177,789 [1] $ 480,049 [2]
First Lien Senior Secured Loans | Discounted cash flows | Comparative Yields | Minimum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 5.3 [3] 8.2 [6]
First Lien Senior Secured Loans | Discounted cash flows | Comparative Yields | Maximum    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 16.2 [3] 16.6 [6]
First Lien Senior Secured Loans | Discounted cash flows | Comparative Yields | Weighted average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs 9.6 [4] 10.7 [5]
First Lien Senior Secured Loans | Comparable company multiple | EBITDA Multiple    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 9,346  
First Lien Senior Secured Loans | Comparable company multiple | EBITDA Multiple | Weighted average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 13.7  
Second Lien Senior Secured Loans | Discounted cash flows | Comparative Yields    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 18,749  
Second Lien Senior Secured Loans | Discounted cash flows | Comparative Yields | Weighted average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 12.9  
Subordinated Note Investment Vehicles | Collateral Coverage | Recovery Rate    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Fair value of assets [1] $ 20,240  
Subordinated Note Investment Vehicles | Collateral Coverage | Recovery Rate | Weighted average    
Fair Value Measurement Inputs and Valuation Techniques [Line Items]    
Range of Significant Unobservable Inputs [4] 100  
[1] Included within the Level 3 assets of $1,602,693 is an amount of $236,582 for which the Advisor did not develop the unobservable inputs for the determination of fair value (examples include single source quotation and prior or pending transactions such as investments originated in the quarter or imminent payoffs).
[2] Included within the Level 3 assets of $692,929 is an amount of $200,011 for which the Advisor did not develop the unobservable inputs for the determination of fair value (examples include single source quotation and prior or pending transactions such as investments originated in the quarter or imminent payoffs).
[3] The range for an asset category consisting of a single investment, if any, is not meaningful and therefore has been excluded.
[4] Weighted average is calculated by weighing the significant unobservable input by the relative fair value of each investment in the category.
[5] Weighted average is calculated by weighing the significant unobservable input by the relative fair value of each investment in the category.
[6] The range for an asset category consisting of a single investment, if any, is not meaningful and therefore has been excluded.