v3.26.1
RELATED PARTY TRANSACTIONS - Narrative (Details)
$ in Thousands
3 Months Ended 6 Months Ended
May 28, 2024
Mar. 31, 2022
Jun. 30, 2026
USD ($)
member
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
part
member
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Oct. 29, 2025
May 31, 2025
Related Party Transaction [Line Items]                  
Management fees (See Note 5)     $ 2,767 $ 1,837 $ 5,402 $ 3,439      
Management fees payable     924   924   $ 868    
Management fees waived (See Note 5)     0 594 0 1,395      
Income based incentive fees (See Note 5)     5,538 3,947 10,402 7,823      
Administration fees (See Note 5)     617 403 1,131 832      
Unpaid servicing fees     $ 48   $ 48   52    
Number of independent directors | member     4   4        
Directors' fees     $ 127 126 $ 252 257      
Board of Trustees' fees payable     127   127   128    
Accounts payable and accrued expenses     6,702   6,702   2,863    
Class S Common Shares                  
Related Party Transaction [Line Items]                  
Distribution and shareholder servicing fees     97 62 191 108      
Class D Common Shares                  
Related Party Transaction [Line Items]                  
Distribution and shareholder servicing fees     16 12 32 22      
Affiliated Entity                  
Related Party Transaction [Line Items]                  
Income based incentive fees (See Note 5)     5,538 3,947 10,402 7,823      
Income based incentive fees waived     828 2,643 2,432 6,519      
Income based incentive fee payable     4,722   $ 4,722   4,425    
Investment Advisory Agreements | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Related party transaction, initial term 2 years                
Related party transaction, renewal term               1 year  
Related party transaction, period of written notice 120 days                
Related party transaction period of written notice by fund 60 days                
Number of components | part         2        
Base Management Fee | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Base management fee (as a percent)         0.75%        
Management fees (See Note 5)     2,767 1,837 $ 5,402 3,439      
Management fees payable     924   924   868    
Management fees waived (See Note 5)       594   1,395      
Quarterly Hurdle Rate | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 1.50%                
Annualized Hurdle Rate | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 6.00%                
Pre-Incentive Fee Net Investment Income Below Catch-Up Threshold | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 100.00%                
Quarterly Catch-Up Threshold | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 1.76%                
Investment Advisory Agreement - Incentive Rate, Annualized Catch-Up Threshold | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 7.06%                
Pre-Incentive Fee Net Investment Income Exceeds Catch-Up Threshold | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 15.00%                
Incentive Fee | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Percentage of management fee waived                 50.00%
Realized Capital Gains | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Incentive fee percentage 15.00%                
CAM Sub-Advisory Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Management and service fees, rate 85.00%                
Sub-Advisory Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Related party transaction, initial term 2 years                
Related party transaction, renewal term               1 year  
NAM Sub-Advisory Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Management and service fees, rate 50.00%                
Administrative Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Administration fees (See Note 5)     617 $ 403 1,131 $ 832      
Administration fees payable     (1,618)   (1,618)   (459)    
Intermediary Manager Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Related party transaction period of written notice by fund   60 days              
Percentage of shareholder servicing fees, proceeds from sale of such share   10.00%              
Percentage of underwriting compensation, net   10.00%              
Percentage of expense, proceeds from offering   15.00%              
Intermediary Manager Agreement | Affiliated Entity | Class S Common Shares                  
Related Party Transaction [Line Items]                  
Shareholder servicing fees monthly, annual rate   0.85%              
Intermediary Manager Agreement | Affiliated Entity | Class D Common Shares                  
Related Party Transaction [Line Items]                  
Shareholder servicing fees monthly, annual rate   0.25%              
Expense Support Agreement                  
Related Party Transaction [Line Items]                  
Related party transaction, expense payment period   45 days              
Expense Support Agreement | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Related party transaction, period of reimbursement payment   3 years              
Adviser and Churchill | Affiliated Entity                  
Related Party Transaction [Line Items]                  
Accounts payable and accrued expenses     $ 1,986   $ 1,986   $ 1,226