Consolidated Schedule of Investments (Parenthetical)
|
11 Months Ended |
|
Dec. 31, 2025
USD ($)
|
|---|
| Schedule of Investments [Line Items] |
|
|
| Nonqualifying assets (in percent) |
8.80%
|
|
| Net assets, end of period |
$ 280,198,619
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Change in Unrealized Gains (Losses) |
(408,474)
|
|
| Net Realized Gains (Losses) |
318,936
|
|
| Fair Value as of December 31, 2025 |
$ 598,039,307
|
[1],[2],[3],[4] |
| Investment, Identifier [Axis]: ARMStrong Receivable Management | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.52%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (399)
|
[6] |
| Investment, Identifier [Axis]: ARMStrong Receivable Management | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.74%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 354,926
|
[6] |
| Investment, Identifier [Axis]: ARMStrong Receivable Management | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.52%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (418)
|
[6] |
| Investment, Identifier [Axis]: ARMStrong Receivable Management | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.52%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,816,113
|
|
| Investment, Identifier [Axis]: Accordion Partners Holdings LLC | Unsecured Note |
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,652,455
|
|
| Investment, Identifier [Axis]: Accordion Partners LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.70%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,006,691
|
|
| Investment, Identifier [Axis]: Accordion Partners LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.70%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (6,509)
|
[6] |
| Investment, Identifier [Axis]: Accordion Partners LLC | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.70%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,709,361
|
|
| Investment, Identifier [Axis]: Accordion Partners LLC | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.70%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 6,636,734
|
|
| Investment, Identifier [Axis]: Accuserve Solutions, Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.84%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 87,063
|
[6] |
| Investment, Identifier [Axis]: Accuserve Solutions, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.84%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 8,331,493
|
|
| Investment, Identifier [Axis]: Action Behavior Centers Therapy LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 499,459
|
[6] |
| Investment, Identifier [Axis]: Action Behavior Centers Therapy LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (5,357)
|
[6] |
| Investment, Identifier [Axis]: Action Behavior Centers Therapy LLC | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,720,232
|
|
| Investment, Identifier [Axis]: Action Behavior Centers Therapy LLC | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,033,006
|
|
| Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,645,625
|
|
| Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,920,243
|
|
| Investment, Identifier [Axis]: Alkeme Intermediary Holdings, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 819,625
|
|
| Investment, Identifier [Axis]: Amerilife Holdings LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.79%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (11,799)
|
[6] |
| Investment, Identifier [Axis]: Amerilife Holdings LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.79%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 47,528
|
|
| Investment, Identifier [Axis]: Amerilife Holdings LLC | First Lien Delayed Draw Term Loan 3 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.79%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,329,725
|
[6] |
| Investment, Identifier [Axis]: Amerilife Holdings LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.79%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 216,241
|
[6] |
| Investment, Identifier [Axis]: Amerilife Holdings LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.79%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 8,765,449
|
|
| Investment, Identifier [Axis]: Apex Group Treasury LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.39%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 11,156,606
|
[7] |
| Investment, Identifier [Axis]: Aprio Advisory Group, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (103,446)
|
[6] |
| Investment, Identifier [Axis]: Aprio Advisory Group, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 8,078,300
|
[6] |
| Investment, Identifier [Axis]: Aprio Advisory Group, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,470,558
|
|
| Investment, Identifier [Axis]: Archduke Buyer, Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.27%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (4,043)
|
[6] |
| Investment, Identifier [Axis]: Archduke Buyer, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.27%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,868,607
|
|
| Investment, Identifier [Axis]: Arden Insurance Services LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.50%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 120,640
|
[6] |
| Investment, Identifier [Axis]: Arden Insurance Services LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,232,700
|
|
| Investment, Identifier [Axis]: Babylon Buyer, Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.23%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: Babylon Buyer, Inc. | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 17,835,179
|
|
| Investment, Identifier [Axis]: Babylon Buyer, Inc. | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.23%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,558,966
|
|
| Investment, Identifier [Axis]: Baker Tilly Advisory Group, L.P. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.97%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (16,181)
|
[6] |
| Investment, Identifier [Axis]: Baker Tilly Advisory Group, L.P. | First Lien Revolver 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: Baker Tilly Advisory Group, L.P. | First Lien Revolver 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (7,345)
|
[6] |
| Investment, Identifier [Axis]: Baker Tilly Advisory Group, L.P. | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.97%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,949,832
|
|
| Investment, Identifier [Axis]: Baker Tilly Advisory Group, L.P. | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,092,602
|
|
| Investment, Identifier [Axis]: Barings Middle Market CLO Ltd. | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.07%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,420,250
|
|
| Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.23%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,953,250
|
|
| Investment, Identifier [Axis]: Beacon Pointe Harmony, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,467,965
|
|
| Investment, Identifier [Axis]: Bellwether Buyer, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.23%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (13,855)
|
[6] |
| Investment, Identifier [Axis]: Bellwether Buyer, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.23%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (5,542)
|
[6] |
| Investment, Identifier [Axis]: Bellwether Buyer, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.23%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,756,530
|
|
| Investment, Identifier [Axis]: Belmont Buyer, Inc. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.24%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,238,956
|
|
| Investment, Identifier [Axis]: Belmont Buyer, Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.19%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: Belmont Buyer, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.19%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,219,368
|
|
| Investment, Identifier [Axis]: Best Egg Asset Structured Pass Through Master Trust | Unsecured Note 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
0.00%
|
[5],[8] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 906,174
|
[8] |
| Investment, Identifier [Axis]: Best Egg Asset Structured Pass Through Master Trust | Unsecured Note 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
0.00%
|
[5],[8] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 937,164
|
[8] |
| Investment, Identifier [Axis]: Bottomline Technologies, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,874,362
|
|
| Investment, Identifier [Axis]: Cardinal Parent Inc | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.41%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,894,923
|
[7] |
| Investment, Identifier [Axis]: Cerity Partners Equity Holding LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (62,926)
|
[6] |
| Investment, Identifier [Axis]: Cerity Partners Equity Holding LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 183,567
|
[6] |
| Investment, Identifier [Axis]: Chartis Group, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.92%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 85,620
|
[6] |
| Investment, Identifier [Axis]: Chartis Group, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.95%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (787)
|
[6] |
| Investment, Identifier [Axis]: Chartis Group, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.95%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,691,065
|
|
| Investment, Identifier [Axis]: Cherry Bekaert Advisory LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,157,853
|
[6] |
| Investment, Identifier [Axis]: Cherry Bekaert Advisory LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,378,173
|
|
| Investment, Identifier [Axis]: Cherry Bekaert Advisory LLC | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,058,449
|
|
| Investment, Identifier [Axis]: Cherry Bekaert Advisory LLC | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,166,870
|
|
| Investment, Identifier [Axis]: Cherry Bekaert Advisory LLC | First Lien Term Loan 3 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,934,230
|
|
| Investment, Identifier [Axis]: Churchill Middle Market CLO Ltd. | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.71%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,570,000
|
|
| Investment, Identifier [Axis]: Claros Mortgage Trust, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.32%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,489,801
|
[7] |
| Investment, Identifier [Axis]: Cliffwater, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (5,100)
|
[6] |
| Investment, Identifier [Axis]: Cliffwater, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 13,306,892
|
|
| Investment, Identifier [Axis]: Coller Private Equity Backed Notes & Loans II-A L.P. | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.19%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,502,619
|
[6] |
| Investment, Identifier [Axis]: Continental Buyer Inc. | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (5,637)
|
[6] |
| Investment, Identifier [Axis]: Continental Buyer Inc. | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 6,068,654
|
|
| Investment, Identifier [Axis]: Continental Buyer Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (17,123)
|
[6] |
| Investment, Identifier [Axis]: Continental Buyer Inc. | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,223,526
|
|
| Investment, Identifier [Axis]: Continental Buyer Inc. | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 6,010,057
|
|
| Investment, Identifier [Axis]: Covetrus, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,676,632
|
[7] |
| Investment, Identifier [Axis]: Diligent Corporation | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.82%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (9,577)
|
[6] |
| Investment, Identifier [Axis]: Diligent Corporation | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.69%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 86,849
|
[6] |
| Investment, Identifier [Axis]: Diligent Corporation | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.82%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,709,381
|
|
| Investment, Identifier [Axis]: Diligent Corporation | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.82%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 807,321
|
|
| Investment, Identifier [Axis]: Equinox Buyer LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.11%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (21,067)
|
[6] |
| Investment, Identifier [Axis]: Equinox Buyer LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.11%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 10,859,981
|
|
| Investment, Identifier [Axis]: FINThrive Software Intermediate Holdings, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.94%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,753,452
|
[7] |
| Investment, Identifier [Axis]: Flexera Software LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.35%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: Flexera Software LLC | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.35%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,067,379
|
|
| Investment, Identifier [Axis]: Flexera Software LLC | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
6.43%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,439,620
|
|
| Investment, Identifier [Axis]: Flow Traders Holding, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (80,026)
|
[6] |
| Investment, Identifier [Axis]: Flow Traders Holding, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 13,457,017
|
|
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 326,102
|
|
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,851,309
|
|
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Delayed Draw Term Loan 3 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,926,636
|
|
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 220,767
|
[6] |
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 699,981
|
|
| Investment, Identifier [Axis]: Foundation Risk Partners, Corp. | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,062,411
|
|
| Investment, Identifier [Axis]: Freedom Funding Center LLC | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
12.00%
|
[5],[7],[8] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,360,275
|
[7],[8] |
| Investment, Identifier [Axis]: Fullsteam Holdco, L.P. | Unsecured Note |
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,187,088
|
|
| Investment, Identifier [Axis]: Fullsteam Operations LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.11%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (32,656)
|
[6] |
| Investment, Identifier [Axis]: Fullsteam Operations LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.11%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (11,875)
|
[6] |
| Investment, Identifier [Axis]: Fullsteam Operations LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.11%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 10,214,534
|
|
| Investment, Identifier [Axis]: GC Waves Holdings, Inc. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 419,051
|
[6] |
| Investment, Identifier [Axis]: GS Acquisitionco Inc | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.12%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (50,000)
|
[6] |
| Investment, Identifier [Axis]: Galway Borrower LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,508,923
|
|
| Investment, Identifier [Axis]: Galway Borrower LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 428,571
|
[6] |
| Investment, Identifier [Axis]: Galway Borrower LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.19%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 105,622
|
[6] |
| Investment, Identifier [Axis]: Galway Borrower LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.17%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 6,529,106
|
|
| Investment, Identifier [Axis]: Giving Home Health Care | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.23%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 11,515,628
|
|
| Investment, Identifier [Axis]: GovDelivery Holdings, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 408,413
|
|
| Investment, Identifier [Axis]: GovDelivery Holdings, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.34%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: GovDelivery Holdings, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.34%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,764,185
|
|
| Investment, Identifier [Axis]: HBWM Intermediate II, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,695,026
|
|
| Investment, Identifier [Axis]: HBWM Intermediate II, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 297,613
|
[6] |
| Investment, Identifier [Axis]: HBWM Intermediate II, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,245,855
|
|
| Investment, Identifier [Axis]: Headlands Buyer, Inc. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (43,353)
|
[6] |
| Investment, Identifier [Axis]: Headlands Buyer, Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (21,208)
|
[6] |
| Investment, Identifier [Axis]: Headlands Buyer, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 10,805,145
|
|
| Investment, Identifier [Axis]: Heights Buyer, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.92%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (13,925)
|
[6] |
| Investment, Identifier [Axis]: Heights Buyer, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.92%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,178,952
|
|
| Investment, Identifier [Axis]: Homecare Software Solutions LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.28%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,881,124
|
|
| Investment, Identifier [Axis]: Homecare Software Solutions LLC | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.28%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,064,565
|
|
| Investment, Identifier [Axis]: Homecare Software Solutions LLC | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.28%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,157,601
|
|
| Investment, Identifier [Axis]: Houghton Mifflin Harcourt Company | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.07%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,628,195
|
[7] |
| Investment, Identifier [Axis]: Inizio Group Limited | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.02%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,849,450
|
[7] |
| Investment, Identifier [Axis]: Ivy Hill Middle Market Credit Fund XII Ltd | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.13%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,421,052
|
|
| Investment, Identifier [Axis]: Jerry Erwin Associates, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
10.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,469,000
|
|
| Investment, Identifier [Axis]: KRIV Acquisition Inc. | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (24,881)
|
[6] |
| Investment, Identifier [Axis]: KRIV Acquisition Inc. | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (44,232)
|
[6] |
| Investment, Identifier [Axis]: KRIV Acquisition Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 82,263
|
[6] |
| Investment, Identifier [Axis]: KRIV Acquisition Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,861,276
|
|
| Investment, Identifier [Axis]: Kona Buyer, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.37%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (4,761)
|
[6] |
| Investment, Identifier [Axis]: Kona Buyer, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.37%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (529)
|
[6] |
| Investment, Identifier [Axis]: LendingTree, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,937,625
|
[7] |
| Investment, Identifier [Axis]: Low Voltage Holdings Inc. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (370)
|
[6] |
| Investment, Identifier [Axis]: Low Voltage Holdings Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (285)
|
[6] |
| Investment, Identifier [Axis]: Low Voltage Holdings Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,844,274
|
|
| Investment, Identifier [Axis]: Lytx, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.83%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,500,000
|
|
| Investment, Identifier [Axis]: MAI Capital Management Intermediate LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,609,230
|
|
| Investment, Identifier [Axis]: MAI Capital Management Intermediate LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,388,378
|
[6] |
| Investment, Identifier [Axis]: MAI Capital Management Intermediate LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 187,719
|
[6] |
| Investment, Identifier [Axis]: MAI Capital Management Intermediate LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,724,398
|
|
| Investment, Identifier [Axis]: MB2 Dental Solutions, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,464,900
|
[6] |
| Investment, Identifier [Axis]: MB2 Dental Solutions, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,152,781
|
|
| Investment, Identifier [Axis]: MB2 Dental Solutions, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 100,000
|
[6] |
| Investment, Identifier [Axis]: MC CIF Wealth Management (UK) Ltd. | Preferred Equity 1 |
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 907,576
|
|
| Investment, Identifier [Axis]: MC CIF Wealth Management (UK) Ltd. | Preferred Equity 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
12.00%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 885,602
|
|
| Investment, Identifier [Axis]: MEDX Holdings, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (29,738)
|
[6] |
| Investment, Identifier [Axis]: MEDX Holdings, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (13,964)
|
[6] |
| Investment, Identifier [Axis]: MEDX Holdings, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,376,229
|
|
| Investment, Identifier [Axis]: MRI Software LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 865,518
|
[6] |
| Investment, Identifier [Axis]: MRI Software LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.44%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 226,473
|
[6] |
| Investment, Identifier [Axis]: MRI Software LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,305,716
|
|
| Investment, Identifier [Axis]: Metropolis Technologies Inc | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.98%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,374,275
|
[7] |
| Investment, Identifier [Axis]: Minotaur Acquisition, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.72%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 13,856,379
|
|
| Investment, Identifier [Axis]: More Cowbell II LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.99%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: More Cowbell II LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.99%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 0
|
[6] |
| Investment, Identifier [Axis]: More Cowbell II LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
7.99%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 12,559,933
|
|
| Investment, Identifier [Axis]: New Mountain Guardian IV Income Rated Feeder II, Ltd. | Unsecured Note |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
12.09%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,364,572
|
|
| Investment, Identifier [Axis]: Nexus Buyer LLC | Second Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.47%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 8,936,480
|
[7] |
| Investment, Identifier [Axis]: Orion Advisor Solutions, LLC | Second Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.65%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,135,000
|
|
| Investment, Identifier [Axis]: Orion US Finco | Second Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.43%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,535,000
|
[7] |
| Investment, Identifier [Axis]: PAS Parent Inc. | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (40,410)
|
[6] |
| Investment, Identifier [Axis]: PAS Parent Inc. | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (3,638)
|
[6] |
| Investment, Identifier [Axis]: PAS Parent Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.22%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,092,154
|
|
| Investment, Identifier [Axis]: Payscape Buyer Inc. | Second Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
11.72%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 719,008
|
|
| Investment, Identifier [Axis]: Payscape Buyer Inc. | Second Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
11.72%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,280,992
|
|
| Investment, Identifier [Axis]: Petra Borrower, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.45%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,648,136
|
|
| Investment, Identifier [Axis]: Petra Borrower, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.65%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (7,436)
|
[6] |
| Investment, Identifier [Axis]: Petra Borrower, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.65%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 4,230,471
|
|
| Investment, Identifier [Axis]: Propio LS, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 40,287
|
[6] |
| Investment, Identifier [Axis]: Propio LS, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,382,039
|
|
| Investment, Identifier [Axis]: RCP NATS Purchaser, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.69%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (12,761)
|
[6] |
| Investment, Identifier [Axis]: RCP NATS Purchaser, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.69%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (8,933)
|
[6] |
| Investment, Identifier [Axis]: RCP NATS Purchaser, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.69%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 11,102,398
|
|
| Investment, Identifier [Axis]: Redwood Purchaser, INC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (41,549)
|
[6] |
| Investment, Identifier [Axis]: Redwood Purchaser, INC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 326,805
|
[6] |
| Investment, Identifier [Axis]: Redwood Purchaser, INC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 6,976,019
|
|
| Investment, Identifier [Axis]: Redwood Services Group, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.93%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,497,768
|
[6] |
| Investment, Identifier [Axis]: Redwood Services Group, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.93%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,386,044
|
|
| Investment, Identifier [Axis]: RxB Holdings, Inc. | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.73%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,426,501
|
[7] |
| Investment, Identifier [Axis]: SPV CA IX, LLC | Common Equity |
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of January 22, 2025 (Commencement of Operations) |
0
|
|
| Gross Additions |
1,652,037
|
|
| Gross Reductions |
0
|
|
| Change in Unrealized Gains (Losses) |
84,056
|
|
| Net Realized Gains (Losses) |
0
|
|
| Fair Value as of December 31, 2025 |
1,736,093
|
[6],[9],[10] |
| Income |
$ 0
|
|
| Investment, Identifier [Axis]: Saab Purchaser, Inc | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (17,263)
|
[6] |
| Investment, Identifier [Axis]: Saab Purchaser, Inc | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (2,398)
|
[6] |
| Investment, Identifier [Axis]: Saab Purchaser, Inc | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.42%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 3,549,946
|
|
| Investment, Identifier [Axis]: Skywalker Purchaser, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.37%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (2,809)
|
[6] |
| Investment, Identifier [Axis]: Skywalker Purchaser, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.37%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (3,154)
|
[6] |
| Investment, Identifier [Axis]: Southpaw AP Buyer, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.35%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 202,088
|
[6] |
| Investment, Identifier [Axis]: Southpaw AP Buyer, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.53%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 49,856
|
[6] |
| Investment, Identifier [Axis]: Southpaw AP Buyer, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,727,855
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 421,557
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,324,634
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 3 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 422,480
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 4 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,750,751
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 5 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 7,878,497
|
|
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Delayed Draw Term Loan 6 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,917,651
|
[6] |
| Investment, Identifier [Axis]: TA/WEG Intermediate Holdings, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.49%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (3,750)
|
[6] |
| Investment, Identifier [Axis]: THG Acquisition, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 704,632
|
[6] |
| Investment, Identifier [Axis]: THG Acquisition, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 153,526
|
[6] |
| Investment, Identifier [Axis]: THG Acquisition, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 11,057,447
|
|
| Investment, Identifier [Axis]: TRAK Purchaser, Inc | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.34%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (5,811)
|
[6] |
| Investment, Identifier [Axis]: TRAK Purchaser, Inc | First Lien Term Loan 1 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.34%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 9,217,553
|
|
| Investment, Identifier [Axis]: TRAK Purchaser, Inc | First Lien Term Loan 2 |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
9.20%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,909,488
|
|
| Investment, Identifier [Axis]: The Edelman Financial Engines Center, LLC | Second Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.97%
|
[5],[7] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 1,009,117
|
[7] |
| Investment, Identifier [Axis]: Titan Home Improvement, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.57%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (1,612)
|
[6] |
| Investment, Identifier [Axis]: Titan Home Improvement, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.57%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (1,343)
|
[6] |
| Investment, Identifier [Axis]: Titan Home Improvement, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.57%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,563,605
|
|
| Investment, Identifier [Axis]: Wasteology Group Transportation, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.60%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (70,179)
|
[6] |
| Investment, Identifier [Axis]: Wasteology Group Transportation, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.60%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (21,716)
|
[6] |
| Investment, Identifier [Axis]: Wasteology Group Transportation, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.60%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 5,975,074
|
|
| Investment, Identifier [Axis]: Wharf Street Ratings Acquisition LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (12,449)
|
[6] |
| Investment, Identifier [Axis]: Wharf Street Ratings Acquisition LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (12,743)
|
[6] |
| Investment, Identifier [Axis]: Wharf Street Ratings Acquisition LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.47%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 22,296,041
|
|
| Investment, Identifier [Axis]: World Insurance Associates LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 2,228,800
|
[6] |
| Investment, Identifier [Axis]: World Insurance Associates LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.67%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (951)
|
[6] |
| Investment, Identifier [Axis]: oneZero Financial Systems, LLC | First Lien Delayed Draw Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 501,914
|
[6] |
| Investment, Identifier [Axis]: oneZero Financial Systems, LLC | First Lien Revolver |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5],[6] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ (3,245)
|
[6] |
| Investment, Identifier [Axis]: oneZero Financial Systems, LLC | First Lien Term Loan |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
8.84%
|
[5] |
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of December 31, 2025 |
$ 8,561,458
|
|
| Non-controlled/affiliated investments |
|
|
| Investments in and Advances to Affiliates, at Fair Value [Roll Forward] |
|
|
| Fair Value as of January 22, 2025 (Commencement of Operations) |
0
|
|
| Gross Additions |
1,652,037
|
|
| Gross Reductions |
0
|
|
| Change in Unrealized Gains (Losses) |
84,056
|
|
| Net Realized Gains (Losses) |
0
|
|
| Fair Value as of December 31, 2025 |
1,736,093
|
|
| Income |
$ 0
|
|
| Secured Overnight Financing Rate (SOFR) |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
3.87%
|
|
| Alternate Base Rate |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
6.75%
|
|
| Euro Interbank Offered Rate (EURIBOR) |
|
|
| Schedule of Investments [Line Items] |
|
|
| Interest Rate |
1.94%
|
|
|
|