v3.26.1
Consolidated Schedule of Investments (Parenthetical)
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Investments [Abstract]    
Percentage of Net Assets 147.90% [1] 157.05% [2]
Investment, Identifier [Axis]: A. B. Boyd Co. First Lien Debt Original Purchase Date 5/8/2026 S+4.50% Interest Rate 8.14% Due 11/14/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 0.65%  
Investment, Identifier [Axis]: ASI JBE Holdings LLC First Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 9.72% Due 7/28/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   4.64%
Investment, Identifier [Axis]: ASI JBE Holdings LLC First Lien Debt Original Purchase Date 7/28/2025 S+6.25%/2.00% PIK Interest Rate 11.89% Due 7/28/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 4.22%  
Investment, Identifier [Axis]: ASI JBE Holdings LLC One First Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate % Due 7/28/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   (0.03%)
Investment, Identifier [Axis]: ASI JBE Holdings LLC One First Lien Debt Original Purchase Date 7/28/2025 S+6.00% Interest Rate 9.72% Due 7/28/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.64%
Investment, Identifier [Axis]: ASI JBE Holdings LLC One First Lien Debt Original Purchase Date 7/28/2025 S+6.25%/2.00% PIK Interest Rate 11.89% Due 7/28/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.58%  
Investment, Identifier [Axis]: Alltech Inc First Lien Debt Original Purchase Date 3/10/2025 S+4.25% Interest Rate 8.08% Due 8/13/2030    
Investments [Abstract]    
Percentage of Net Assets [2]   0.25%
Investment, Identifier [Axis]: American Auto Auction Group, LLC First Lien Debt Original Purchase Date 4/28/2023 S+4.50% Interest Rate 8.17% Due 5/28/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.31%
Investment, Identifier [Axis]: American Auto Auction Group, LLC First Lien Debt Original Purchase Date 4/28/2023 S+4.50% Interest Rate 8.23% Due 5/28/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.18%  
Investment, Identifier [Axis]: Array Midco, Corp. First Lien Debt Original Purchase Date 12/31/2024 P+5.50% Interest Rate 12.25% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[8],[9] 1.70%  
Investment, Identifier [Axis]: Array Midco, Corp. First Lien Debt Original Purchase Date 12/31/2024 S+6.50% Interest Rate 10.20% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[8],[9] 5.35%  
Investment, Identifier [Axis]: Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 P+5.50% Interest Rate 12.25% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[10]   1.80%
Investment, Identifier [Axis]: Array Midco, Corp. First and Second Lien Debt Original Purchase Date 12/31/2024 S+6.50% Interest Rate 10.17% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[10]   5.97%
Investment, Identifier [Axis]: Associations, Inc. First Lien Debt Original Purchase Date 6/12/2026 S+6.50% Due 7/2/2028    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.00%  
Investment, Identifier [Axis]: Associations, Inc. First Lien Debt Original Purchase Date 6/12/2026 S+6.50% Interest Rate 10.42% Due 7/2/2028    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 6.59%  
Investment, Identifier [Axis]: Associations, Inc. First Lien Debt Original Purchase Date 6/12/2026 S+6.50% Interest Rate 10.42% Due 7/2/2028 One    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.27%  
Investment, Identifier [Axis]: Astro Acquisition, LLC First Lien Debt Original Purchase Date 8/14/2025 S+3.25% Interest Rate 7.12% Due 8/30/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.28%
Investment, Identifier [Axis]: BCPE HIPH Parent, Inc. First Lien Debt Original Purchase Date 4/29/2026 S+4.00% Interest Rate 7.73% Due 7/5/2033    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[11] 0.36%  
Investment, Identifier [Axis]: BCPE HIPH Parent, Inc. First Lien Debt Original Purchase Date 6/25/2026 S+4.00% Due 7/5/2033    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[7],[11] 0.00%  
Investment, Identifier [Axis]: BP Loenbro Holdings Inc First Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 9.75% Due 2/1/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.29%
Investment, Identifier [Axis]: BP Loenbro Holdings Inc First Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 9.83% Due 2/1/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   2.22%
Investment, Identifier [Axis]: BP Loenbro Holdings Inc First Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 9.84% Due 2/1/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   1.05%
Investment, Identifier [Axis]: BP Loenbro Holdings Inc One First Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 9.83% Due 2/1/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.51%
Investment, Identifier [Axis]: BP Loenbro Holdings Inc One First Lien Debt Original Purchase Date 2/1/2024 S+5.75% Interest Rate 9.84% Due 2/1/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.26%
Investment, Identifier [Axis]: Bayonne Energy Center, LLC First Lien Debt Original Purchase Date 9/22/2025 S+3.00% Interest Rate 6.67% Due 10/1/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.63%
Investment, Identifier [Axis]: Bayonne Energy Center, LLC First Lien Debt Original Purchase Date 9/22/2025 S+3.00% Interest Rate 6.73% Due 10/1/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.58%  
Investment, Identifier [Axis]: Best Practices Associates, L.L.C First Lien Debt Original Purchase Date 11/8/2024 S+6.75% Due 11/8/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   (0.01%)
Investment, Identifier [Axis]: Best Practices Associates, L.L.C First Lien Debt Original Purchase Date 11/8/2024 S+6.75% Interest Rate 10.52% Due 11/8/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   4.79%
Investment, Identifier [Axis]: Best Practices Associates, L.L.C. First Lien Debt Original Purchase Date 11/8/2024 S+6.75 % Interest Rate 0.00% Due 11/8/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] (0.01%)  
Investment, Identifier [Axis]: Best Practices Associates, L.L.C. First Lien Debt Original Purchase Date 11/8/2024 S+6.75 % Interest Rate 10.39% Due 11/8/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 4.21%  
Investment, Identifier [Axis]: Birdsboro Power LLC First Lien Debt Original Purchase Date 9/30/2025 S+3.25% Interest Rate 6.92% Due 10/8/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.67%
Investment, Identifier [Axis]: Birdsboro Power LLC First Lien Debt Original Purchase Date 9/30/2025 S+3.25% Interest Rate 6.98% Due 7/15/2033    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[11] 0.58%  
Investment, Identifier [Axis]: CC Interholdings LLC First Lien Debt Original Purchase Date 12/19/2024 S+5.00 % Interest Rate 8.64% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[7] 0.81%  
Investment, Identifier [Axis]: CC Interholdings LLC First Lien Debt Original Purchase Date 12/19/2024 S+5.00% Interest Rate 8.65% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 3.05%  
Investment, Identifier [Axis]: CC Interholdings LLC First Lien Debt Original Purchase Date 12/19/2024 S+5.00% Interest Rate 8.72% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   3.25%
Investment, Identifier [Axis]: CC Interholdings LLC One First Lien Debt Original Purchase Date 12/19/2024 S+5.00 % Interest Rate 8.72% Due 12/31/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.68%
Investment, Identifier [Axis]: CPV Shore Holdings, LLC First Lien Debt Original Purchase Date 1/24/2025 S+3.25% Interest Rate 6.98% Due 2/4/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.44%  
Investment, Identifier [Axis]: CPV Shore Holdings, LLC First Lien Debt Original Purchase Date 1/24/2025 S+3.75% Interest Rate 7.42% Due 2/4/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.49%
Investment, Identifier [Axis]: Carroll County Energy LLC First Lien Debt Original Purchase Date 6/24/2024 S+2.75% Interest Rate 6.42% Due 6/27/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.30%
Investment, Identifier [Axis]: Charlotte Buyer, Inc. First Lien Debt Original Purchase Date 6/17/2026 S+4.50% Interest Rate 8.15% Due 6/30/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[11] 0.27%  
Investment, Identifier [Axis]: Cleanova US Holdings LLC First Lien Debt Original Purchase Date 5/22/2025 S+4.75% Interest Rate 8.41% Due 6/14/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.26%  
Investment, Identifier [Axis]: Cleanova US Holdings LLC First and Second Lien Debt Original Purchase Date 5/22/2025 S+4.75% Interest Rate 8.48% Due 6/14/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.28%
Investment, Identifier [Axis]: DS Parent Inc First Lien Debt Original Purchase Date 12/15/2023 S+5.50% Interest Rate 9.23% Due 1/13/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.21%  
Investment, Identifier [Axis]: DS Parent Inc First and Second Lien Debt Original Purchase Date 12/15/2023 S+5.50% Interest Rate 9.17% Due 1/13/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.25%
Investment, Identifier [Axis]: Discovery Purchaser Corporation First Lien Debt Original Purchase Date 4/29/2026 S+3.75% Interest Rate 7.41% Due 10/4/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.13%  
Investment, Identifier [Axis]: Drubit LLC First Lien Debt Original Purchase Date 2/20/2025 S+5.50 % Interest Rate 9.14% Due 1/31/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 8.31%  
Investment, Identifier [Axis]: Drubit LLC First and Second Lien Debt Original Purchase Date 2/20/2025 S+5.50% Interest Rate 9.22% Due 1/31/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   9.32%
Investment, Identifier [Axis]: Dune Acquisition, Inc. First Lien Debt Original Purchase Date 8/20/2024 S+6.25% Interest Rate 9.89% Due 11/20/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 4.32%  
Investment, Identifier [Axis]: Dune Acquisition, Inc. First and Second Lien Debt Original Purchase Date 8/20/2024 S+6.25% Interest Rate 9.97% Due 11/20/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   4.61%
Investment, Identifier [Axis]: Endo1 Partners, LLC First Lien Debt Original Purchase Date 5/23/2025 S+7.50/.475% PIK Interest Rate 11.62% Due 5/23/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 9.94%  
Investment, Identifier [Axis]: Endo1 Partners, LLC First Lien Debt Original Purchase Date 5/23/2025 S+7.50/.475% PIK Interest Rate 11.69% Due 5/23/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   10.56%
Investment, Identifier [Axis]: FTAI Infrastructure Inc First Lien Debt Original Purchase Date 2/25/2026 9.75% Interest Rate 9.75% Due 2/1/2028    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[8] 1.71%  
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 1.55%/8.45%PIK Interest Rate 13.61% Due 6/29/2026    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.00%  
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 7.00% Interest Rate 10.99% Due 3/30/2027    
Investments [Abstract]    
Percentage of Net Assets [2]   0.00%
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 7.00%PIK Interest Rate 10.61% Due 6/29/2026    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.00%  
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 7.00%PIK Interest Rate 10.73% Due 3/30/2027    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.00%  
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread 7.00%PIK Interest Rate 10.84% Due 6/29/2026    
Investments [Abstract]    
Percentage of Net Assets [2]   0.00%
Investment, Identifier [Axis]: First Brands Group, LLC First Lien Debt Original Purchase Date 2/3/2023 SOFR Spread1.50 8.45%PIK Interest Rate 13.84% Due 6/29/2026    
Investments [Abstract]    
Percentage of Net Assets [2],[12]   0.00%
Investment, Identifier [Axis]: First Lien Debt Aerospace & Defense, Cassavant Holdings, LLC Original Purchase Date 1/11/2024 Maturity Date 1/11/2028    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.08%
Investment, Identifier [Axis]: First Lien Debt Aerospace & Defense, Cassavant Holdings, LLC Original Purchase Date 1/11/2024 Reference Rate and Spread 8.00%/9.00% PIK Interest Rate 17.00% Maturity Date 1/11/2028    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   3.19%
Investment, Identifier [Axis]: First and Second Lien Debt EURIBOR    
Investments [Abstract]    
Investment term of variable rates 6 months 6 months
Investment term of variable rates 3 months 3 months
Investment term of variable rates 1 month 1 month
Percentage of SOFR rates 3.85% 3.57%
Percentage of SOFR rates 3.73% 3.65%
Percentage of SOFR rates 3.65% 3.69%
Percentage of EURIBOR rates 2.57% 2.11%
Percentage of EURIBOR rates 2.32% 2.03%
Percentage of EURIBOR rates 2.20% 1.94%
Investment, Identifier [Axis]: First and Second Lien Debt EURIBOR or SOFR    
Investments [Abstract]    
Investment term of variable rates 6 months 6 months
Investment term of variable rates 3 months 3 months
Investment term of variable rates 1 month 1 month
Investment, Identifier [Axis]: First and Second Lien Debt SOFR    
Investments [Abstract]    
Investment term of variable rates 6 months 6 months
Investment term of variable rates 3 months 3 months
Investment term of variable rates 1 month 1 month
Investment, Identifier [Axis]: First and Second Lien Debt U.S. Prime Rate    
Investments [Abstract]    
Percentage of U.S. Prime Rates 6.75% 6.75%
Investment, Identifier [Axis]: Flynn Restaurant Group LP First Lien Debt Original Purchase Date 4/29/2026 S+3.75 % Interest Rate 7.39% Due 1/28/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.13%  
Investment, Identifier [Axis]: Forgent Intermediate IV LLC First Lien Debt Original Purchase Date 12/16/2025 S+3.25% Interest Rate 6.98% Due 12/20/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.35%
Investment, Identifier [Axis]: Form Technologies LLC First Lien Debt Original Purchase Date 3/11/2025 SOFR Spread 5.75% Interest Rate 9.42% Due 7/19/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.32%  
Investment, Identifier [Axis]: Form Technologies LLC First Lien Debt Original Purchase Date 3/11/2025 SOFR Spread 5.75% Interest Rate 9.62% Due 7/19/2030    
Investments [Abstract]    
Percentage of Net Assets [2]   0.19%
Investment, Identifier [Axis]: Future Pak, LLC First Lien Debt Original Purchase Date 9/23/2025 S+6.25% Interest Rate 9.99% Due 3/21/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 6.85%  
Investment, Identifier [Axis]: Future Pak, LLC First Lien Debt Original Purchase Date 9/23/2025 S+6.50% Interest Rate 10.33% Due 3/21/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   6.66%
Investment, Identifier [Axis]: GB AIT Buyer, Inc, First Lien Debt Air Freight & Logistics, Original Purchase Date 4/23/2026 SOFR S 4.25% Interest Rate 7.91% Due 4/29/2033    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.13%  
Investment, Identifier [Axis]: Gategroup Finance International S.à r.l . First Lien Debt Original Purchase Date 5/28/2025 S+3.50% Interest Rate 7.19% Due 6/17/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[10],[13]   0.28%
Investment, Identifier [Axis]: Globe Electric Company Inc First Lien Debt Original Purchase Date 7/25/2024 S+6.00% Interest Rate 9.64% Due 7/25/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[8],[9] 5.54%  
Investment, Identifier [Axis]: Globe Electric Company Inc First Lien Debt Original Purchase Date 7/25/2024 S+6.00% Interest Rate 9.88% Due 7/25/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[10]   6.07%
Investment, Identifier [Axis]: Great Southern Homes, Inc. Second Lien Debt Original Purchase Date 12/10/2024 S+7.25 % Interest Rate 11.01% Due 12/11/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   7.38%
Investment, Identifier [Axis]: HP PHRG Borrower, LLC First Lien Debt Original Purchase Date 2/14/2025 S+4.00% Interest Rate 7.73% Due 2/20/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.20%  
Investment, Identifier [Axis]: Harris Computer Germany HoldCo GmbH First Lien Debt Original Purchase Date 12/18/2025 Reference Rate and Spread E+4.30% Interest Rate 6.71% Due 6/18/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[8],[14] 8.81%  
Investment, Identifier [Axis]: Harris Computer Germany HoldCo GmbH First and Second Lien Debt Original Purchase Date 12/18/2025 Reference Rate and Spread E+4.80% Interest Rate 6.86% Due 6/18/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[10],[15]   9.59%
Investment, Identifier [Axis]: Hill Top Energy Center, LLC First Lien Debt Original Purchase Date 6/17/2025 S+2.75% Interest Rate 6.48% Due 6/26/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.49%  
Investment, Identifier [Axis]: Hill Top Energy Center, LLC First Lien Debt Original Purchase Date 6/17/2025 S+3.25% Interest Rate 6.92% Due 6/26/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.55%
Investment, Identifier [Axis]: Household Durables United Homes Group, Inc. Original Purchase Date 12/6/2024    
Investments [Abstract]    
Percentage of Net Assets [2],[16]   0.05%
Investment, Identifier [Axis]: Hunter Douglas Inc. First Lien Debt Original Purchase Date 4/29/2026 S+3.00 % Interest Rate 6.73% Due 1/17/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.13%  
Investment, Identifier [Axis]: IBG Borrower LLC First Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 8.88% Due 8/22/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 1.21%  
Investment, Identifier [Axis]: IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 8.82% Due 8/22/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   1.31%
Investment, Identifier [Axis]: IBG Borrower LLC First and Second Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 8.82% Due 8/22/2031 One    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.81%
Investment, Identifier [Axis]: IBG Borrower LLC One First Lien Debt Original Purchase Date 11/20/2023 S+5.00% Interest Rate 8.88% Due 8/22/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 0.75%  
Investment, Identifier [Axis]: IC 3700 Flamingo Road LLC Equity Investments Hotels, Restaurants & Leisure Original Purchase Date 8/12/2025 0% Interest Rate 0.00% Due 12/31/1899    
Investments [Abstract]    
Percentage of Net Assets [4],[8],[17],[18] 0.10%  
Investment, Identifier [Axis]: IC 3700 Flamingo Road LLC Original Purchase Date 8/12/2025    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[16],[19]   0.13%
Investment, Identifier [Axis]: IC 3700 Flamingo Road LLC Second Lien Debt Original Purchase Date 8/12/2025 Reference Rate and Spread 10.00% PIK Interest Rate 10.00% Due 5/10/2028    
Investments [Abstract]    
Percentage of Net Assets 3.61% [1],[4],[17] 3.83% [2],[5],[19]
Investment, Identifier [Axis]: Igloo Group Parent, Inc. First Lien Debt Original Purchase Date 12/23/2025 S+5.00% Interest Rate 8.73% Due 12/23/2031    
Investments [Abstract]    
Percentage of Net Assets 7.61% [1],[3],[4] 8.06% [2],[5],[12]
Investment, Identifier [Axis]: Ineos US Finance LLC First Lien Debt Original Purchase Date 3/12/2025 S+3.00% Interest Rate 7.16% Due 2/7/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[10],[20]   0.17%
Investment, Identifier [Axis]: Invenergy Thermal Operating I LLC First Lien Debt Original Purchase Date 8/4/2023 S+2.75% Interest Rate 6.41% Due 5/17/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.12%
Investment, Identifier [Axis]: Invenergy Thermal Operating I LLC One First Lien Debt Original Purchase Date 8/4/2023 S+2.75% Interest Rate 6.41% Due 5/17/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.01%
Investment, Identifier [Axis]: J-O Building Company LLC First Lien Debt Original Purchase Date 6/28/2023 S+6.75% Interest Rate 10.42% Due 5/25/2028    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   1.73%
Investment, Identifier [Axis]: J-O Building Company LLC First Lien Debt Original Purchase Date 6/28/2023 S+6.75% Interest Rate 10.48% Due 5/25/2028    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 1.60%  
Investment, Identifier [Axis]: Jennmar Intermediate III, LLC First Lien Debt Original Purchase Date 5/26/2026 S+5.00 % Interest Rate 8.73% Due 12/16/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 3.19%  
Investment, Identifier [Axis]: Jump Auto Holdings LLC First Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 10.42% Due 9/30/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   4.49%
Investment, Identifier [Axis]: Jump Auto Holdings LLC First Lien Debt Original Purchase Date 9/27/2024 SOFR Spread 6.75% Interest Rate 10.48% Due 9/30/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 3.83%  
Investment, Identifier [Axis]: KELS MM 2026-1 Designated Activity Company Original Purchase Date 4/17/2026 Due 12/31/2026    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[8],[21],[22],[23] 0.98%  
Investment, Identifier [Axis]: KKR Tinder TFC Aggregator L.P. Equity Investments Commercial Services & Supplies Original Purchase Date 7/27/2023    
Investments [Abstract]    
Percentage of Net Assets [1],[18] 0.64%  
Investment, Identifier [Axis]: KKR Tinder TFC Aggregator L.P. Original Purchase Date 7/27/2023    
Investments [Abstract]    
Percentage of Net Assets [2],[16]   2.40%
Investment, Identifier [Axis]: Kelso Industries LLC First Lien Debt Original Purchase Date 12/26/2024 S+5.75% Interest Rate 9.57% Due 12/30/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.20%
Investment, Identifier [Axis]: LaserShip, Inc, Air Freight & Logistics, First Lien Debt Aerospace & Defense, Original Purchase Date 4/13/2023 SOFR Spread 1.50%/4.00% PIK Interest Rate 9.43% Due 8/10/2029    
Investments [Abstract]    
Percentage of Net Assets [2]   0.06%
Investment, Identifier [Axis]: LaserShip, Inc, First Lien Debt Air Freight & Logistics, Original Purchase Date 4/13/2023 SOFR S 4.50% Interest Rate 8.49% Due 8/10/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.00%  
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First Lien Debt Original Purchase Date 2/13/2024 S+4.50%/1% PIK Interest Rate 9.14% Due 12/11/2026    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 3.25%  
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.14% Due 2/12/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 1.70%  
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.14% Due 2/12/2029 One    
Investments [Abstract]    
Percentage of Net Assets [1],[4] 0.16%  
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+4.50%/1% PIK Interest Rate 9.34% Due 12/11/2026    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   3.39%
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.34% Due 2/12/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   1.67%
Investment, Identifier [Axis]: Limetree Bay Terminals, LLC First and Second Lien Debt Original Purchase Date 2/13/2024 S+6.50%/2% PIK Interest Rate 12.34% Due 2/12/2029 One    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.15%
Investment, Identifier [Axis]: Lincoln Metal Shop, Inc. First Lien Debt Original Purchase Date 5/31/2023 S+6.00% PIK Interest Rate 9.86% Due 6/7/2027    
Investments [Abstract]    
Percentage of Net Assets [1],[4] 3.23%  
Investment, Identifier [Axis]: Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% PIK Interest Rate 9.80% Due 6/7/2027    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   3.24%
Investment, Identifier [Axis]: Lincoln Metal Shop, Inc. First and Second Lien Debt Original Purchase Date 5/31/2023 S+6.00% PIK Interest Rate 9.80% Due 6/7/2027 One    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.09%
Investment, Identifier [Axis]: Long Ridge Energy LLC First Lien Debt Original Purchase Date 2/7/2025 S+4.50% Interest Rate 8.17% Due 2/19/2030    
Investments [Abstract]    
Percentage of Net Assets [2]   0.56%
Investment, Identifier [Axis]: Long Ridge Energy LLC First Lien Debt Original Purchase Date 2/7/2025 S+4.50% Interest Rate 8.23% Due 2/19/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.53%  
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25 % Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.00%
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.87% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.05%  
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.88% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[4] 0.31%  
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.89% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 1.96%  
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.89% Due 6/29/2029 One    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.06%  
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.97% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   2.09%
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 7.99% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.33%
Investment, Identifier [Axis]: MEI Buyer LLC First Lien Debt Original Purchase Date 6/12/2023 S+4.25% Interest Rate 8.03% Due 6/29/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.06%
Investment, Identifier [Axis]: MRP Buyer, LLC First Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 6.92% Due 6/4/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.82%
Investment, Identifier [Axis]: MRP Buyer, LLC First Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 6.98% Due 6/4/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.43%  
Investment, Identifier [Axis]: MRP Buyer, LLC One First Lien Debt Original Purchase Date 5/23/2025 S+3.25% Interest Rate 6.92% Due 6/4/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[6]   0.06%
Investment, Identifier [Axis]: Mood Media Borrower, LLC First Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.39% Due 5/30/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 8.97%  
Investment, Identifier [Axis]: Mood Media Borrower, LLC First Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.47% Due 5/30/2032    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   9.63%
Investment, Identifier [Axis]: Mood Media Borrower, LLC One First Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.39% Due 5/30/2030    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.16%  
Investment, Identifier [Axis]: Mood Media Borrower, LLC One First Lien Debt Original Purchase Date 5/30/2025 S+6.75% Interest Rate 10.48% Due 5/30/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[6]   0.18%
Investment, Identifier [Axis]: Non-qualifying Assets    
Investments [Abstract]    
Percentage of Net Assets 16.94% 15.47%
Investment, Identifier [Axis]: Odyssey Logistics & Technology Corporation First Lien Debt Original Purchase Date 7/20/2023 S+4.50% Interest Rate 8.14% Due 10/12/2027    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.10%  
Investment, Identifier [Axis]: Odyssey Logistics & Technology Corporation First Lien Debt Original Purchase Date 7/20/2023 S+4.50% Interest Rate 8.22% Due 10/12/2027    
Investments [Abstract]    
Percentage of Net Assets [2]   0.10%
Investment, Identifier [Axis]: Oregon Clean Energy, LLC First Lien Debt Original Purchase Date 6/26/2024 S+3.50% Interest Rate 7.18% Due 7/12/2030    
Investments [Abstract]    
Percentage of Net Assets [2]   0.39%
Investment, Identifier [Axis]: Potomac Energy Center, LLC First Lien Debt Original Purchase Date 6/6/2023 S+3.00% Interest Rate 6.84% Due 3/14/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   0.41%
Investment, Identifier [Axis]: Power Stop, LLC First Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.50% Interest Rate 8.26% Due 1/26/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.48%  
Investment, Identifier [Axis]: Power Stop, LLC First Lien Debt Original Purchase Date 6/7/2024 SOFR Spread 4.75% Interest Rate 8.55% Due 1/26/2029    
Investments [Abstract]    
Percentage of Net Assets [2]   0.46%
Investment, Identifier [Axis]: PrimeSource Brands First Lien Debt Original Purchase Date 9/25/2025 S+4.50% Interest Rate 8.49% Due 3/15/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.19%
Investment, Identifier [Axis]: Red Oak Power, LLC First Lien Debt Original Purchase Date 9/22/2025 S+5.25% Interest Rate 8.92% Due 9/22/2031    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   12.16%
Investment, Identifier [Axis]: Red Oak Power, LLC First Lien Debt Original Purchase Date 9/22/2025 S+5.25% Interest Rate 8.98% Due 9/22/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 11.29%  
Investment, Identifier [Axis]: Rohm Holding GmbH First Lien Debt Original Purchase Date 8/13/2024 S+5.50%/.25% PIK Interest Rate 9.38% Due 1/31/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.38%  
Investment, Identifier [Axis]: Rohm Holding GmbH First Lien Debt Original Purchase Date 8/13/2024 S+5.50%/.25% PIK Interest Rate 9.70% Due 1/31/2029    
Investments [Abstract]    
Percentage of Net Assets [2]   0.39%
Investment, Identifier [Axis]: Safari Borrower, LLC First Lien Debt Original Purchase Date 2/3/2026 S+5.75% Due 2/3/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.00%  
Investment, Identifier [Axis]: Safari Borrower, LLC First Lien Debt Original Purchase Date 2/3/2026 S+5.75% Interest Rate 9.37% Due 2/3/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 6.66%  
Investment, Identifier [Axis]: Safari Borrower, LLC One First Lien Debt Original Purchase Date 2/3/2026 S+5.75% Due 2/3/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[4],[7] 0.00%  
Investment, Identifier [Axis]: South Field Energy LLC First Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 6.67% Due 8/29/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.31%
Investment, Identifier [Axis]: South Field Energy LLC One First Lien Debt Original Purchase Date 8/15/2024 S+3.00% Interest Rate 6.67% Due 8/29/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.02%
Investment, Identifier [Axis]: Spencer Spirit IH LLC First Lien Debt Original Purchase Date 6/25/2024 S+4.00% Interest Rate 7.63% Due 7/15/2031    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 0.26%  
Investment, Identifier [Axis]: Spencer Spirit IH LLC First and Second Lien Debt Original Purchase Date 6/25/2024 S+4.75% Interest Rate 8.52% Due 7/15/2031    
Investments [Abstract]    
Percentage of Net Assets [2]   0.28%
Investment, Identifier [Axis]: Square German BidCo GmbH First Lien Debt Original Purchase Date 6/25/2024 E+7.25% Interest Rate 9.27% Due 6/27/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5],[10],[15]   2.70%
Investment, Identifier [Axis]: Square German BidCo GmbH First Lien Debt Original Purchase Date 6/25/2024 E+7.25% Interest Rate 9.54% Due 6/27/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4],[8],[14] 2.50%  
Investment, Identifier [Axis]: State Street Institutional Money Market Fund    
Investments [Abstract]    
Annualized period of yield 7 days 7 days
Percentage of annualized seven-day yield 3.33% 3.49%
Investment, Identifier [Axis]: Trulite Holding Corp First Lien Debt Original Purchase Date 2/22/2024 S+6.00% Interest Rate 9.98% Due 3/1/2030    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   0.26%
Investment, Identifier [Axis]: West Deptford Energy Holdings, LLC First Lien Debt Original Purchase Date 1/27/2025 S+4.00% Interest Rate 7.64% Due 7/24/2032    
Investments [Abstract]    
Percentage of Net Assets [1],[3] 1.00%  
Investment, Identifier [Axis]: West Deptford Energy Holdings, LLC First Lien Debt Original Purchase Date 1/27/2025 S+4.00% Interest Rate 7.72% Due 7/24/2032    
Investments [Abstract]    
Percentage of Net Assets [2]   1.12%
Investment, Identifier [Axis]: Wyndham Home Products LLC First Lien Debt Original Purchase Date 10/11/2024 S+6.25% Interest Rate 9.89% Due 10/11/2029    
Investments [Abstract]    
Percentage of Net Assets [1],[3],[4] 3.59%  
Investment, Identifier [Axis]: Wyndham Home Products LLC First Lien Debt Original Purchase Date 10/11/2024 S+6.25% Interest Rate 9.97% Due 10/11/2029    
Investments [Abstract]    
Percentage of Net Assets [2],[5]   4.27%
[1] Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States.
[2] Unless otherwise indicated, issuers of debt and equity investments held by the Company are domiciled in the United States. Unless otherwise indicated, the debt investments are first lien positions.
[3] Investment is pledged as collateral for the Secured Credit Facility. See Note 6, Borrowings, for details.
[4] Investments valued using unobservable inputs (Level 3). Fair value was determined in good faith by or under the direction of the Company’s Valuation Designee, under the supervision of the Board, pursuant to the Company’s valuation policy. See Note 4, Investments and Fair Value Measurements, for details.
[5] Investments valued using unobservable inputs (Level 3). Fair value was determined in good faith by or under the direction of the Company’s Valuation Designee, under the supervision of the Board, pursuant to the Company’s valuation policy. See Note 4, Investments and Fair Value Measurements, for details.
[6] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair values are the result of the commitment being valued below par. See Note 7, Commitments and Contingencies, for details
[7] Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion, although the investment may be subject to unused commitment fees. Negative cost and fair values are the result of the commitment being valued below par. See Note 7, Commitments and Contingencies, for details
[8] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of June 30, 2026, non-qualifying assets totaled 16.94% of the Company’s total assets.
[9] The issuer of this investment is domiciled in Canada.
[10] The investment is not a qualifying asset under Section 55(a) of the 1940 Act. The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70% of the Company’s total assets. As of December 31, 2025, non-qualifying assets totaled 15.47% of the Company’s total assets.
(9)
The issuer of this investment is domiciled in Canada.
[11] Position or portion thereof is unsettled as of June 30, 2026.
[12] Position or portion thereof is unsettled as of December 31, 2025.
[13] The issuer of this investment is domiciled in Luxembourg.
[14] The issuer of this investment is domiciled in Germany and denominated in Euro.
[15] The issuer of this investment is domiciled in Germany and denominated in Euro.
[16] Unless otherwise indicated, issuers of debt investments held by the Company are denominated in dollars. All debt and equity investments are income producing unless otherwise indicated.
[17] As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns or owns with affiliates more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions for the six months ended June 30, 2026 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows:
[18] Unless otherwise indicated, issuers of debt investments held by the Company are denominated in dollars. All debt and equity investments are income producing unless otherwise indicated.
[19] As defined in the 1940 Act, the Company is deemed to be both an “affiliated person” and “control” the portfolio company because it owns or owns with affiliates more than 25% of the portfolio company’s outstanding voting securities or it has the power to exercise control over the management or policies of such portfolio company (including through a management agreement). Transactions for the year ended December 31, 2025 in which the portfolio company is deemed to be a “Control Investment” of the Company were as follows:

 

The accompanying notes are an integral part of these consolidated financial statements.

 

 

Fair Value as of December 31, 2024

 

 

Gross Additions

 

 

Gross Reductions

 

 

Net Change in Unrealized Appreciation/(Depreciation)

 

 

Net Realized Gain (Loss)

 

 

Fair Value as of December 31, 2025

 

 

Dividend and Interest Income

 

Controlled/Affiliated
Second Lien Debt

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IC 3700 Flamingo Road LLC

 

$

—

 

 

$

26,240,303

 

 

$

—

 

 

$

804,623

 

 

$

—

 

 

$

27,044,926

 

 

$

781,146

 

Equity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IC 3700 Flamingo Road LLC

 

 

—

 

 

 

1,584,471

 

 

 

—

 

 

 

(663,829

)

 

 

—

 

 

 

920,642

 

 

 

—

 

Total Controlled/Affiliated

$

—

 

 

$

27,824,774

 

 

$

—

 

 

$

140,794

 

 

$

—

 

 

$

27,965,568

 

 

$

781,146

 

 
[20] The issuer of this investment is domiciled in United Kingdom.
[21] Denotes investments in which the Company is an affiliated person due to directly or indirectly owning, controlling, or holding with power to vote or more of the outstanding voting securities of the investment but not controlling the company. Transactions for the six months ended June 30, 2026 in which the portfolio company is deemed to be a non-controlled/affiliated investment were as follows:

 

 

 

Fair Value as of December 31, 2025

 

 

Gross Additions

 

 

Gross Reductions

 

 

Net Change in Unrealized Appreciation/(Depreciation)

 

 

Net Realized Gain (Loss)

 

 

Fair Value as of June 30, 2026

 

 

Dividend and Interest Income

 

Non-controlled/affiliated
Profit Participation Loan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KELS MM 2026-1 Designated Activity Company

 

$

—

 

 

$

7,524,153

 

 

$

—

 

 

$

(149,045

)

 

$

—

 

 

$

7,375,108

 

 

$

—

 

Total Non-controlled/affiliated

$

—

 

 

$

7,524,153

 

 

$

—

 

 

$

(149,045

)

 

$

—

 

 

$

7,375,108

 

 

$

—

 
[22] The issuer is a designated activity company incorporated under the laws of Ireland for the purposes of purchasing and holding certain interests in certain securities, investments and other financial assets.
[23] The issuer of this investment is domiciled in Ireland.