Nuveen Churchill Direct Lending (NCDL) 10-K 26 Feb 25 2024 FY Annual report Financial data

COVER PAGE

COVER PAGE - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Feb. 25, 2025	Jun. 30, 2024
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Securities Act File Number	000-56133
Entity Registrant Name	NUVEEN CHURCHILL DIRECT LENDING CORP.
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	84-3613224
Entity Address, Address Line One	375 Park Avenue, 9th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10152
City Area Code	212
Local Phone Number	478-9200
Title of 12(b) Security	Common Stock, par value $0.01
Trading Symbol	NCDL
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 833.5
Entity Common Stock, Shares Outstanding		51,967,309
Documents Incorporated by Reference	Portions of the registrant’s definitive proxy statement relating to the registrant’s 2025 annual meeting of shareholders to be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year covered by this Annual Report on Form 10-K are incorporated by reference into Part III of this Form 10-K as indicated herein.
Entity Central Index Key	0001737924
Entity Amendment Flag	false
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	New York, New York

CONSOLIDATED STATEMENTS OF ASSE

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Investments
Non-controlled/non-affiliated and affiliated company investments, at fair value	$ 2,081,379	$ 1,641,686
Cash and cash equivalents	43,254	67,395
Restricted cash	50	50
Interest receivable	17,971	17,674
Receivable for investments sold	1,024	3,919
Prepaid expenses	47	13
Other assets	0	127
Total assets	2,143,725	1,730,864
Liabilities
Secured borrowings (net of $6,668 and $7,941 deferred financing costs, respectively) (See Note 6)	1,108,261	943,936
Payable for investments purchased	14,973	0
Interest payable	12,967	9,837
Due to adviser for expense support (See Note 5)	0	632
Management fees payable	3,956	3,006
Distributions payable	29,468	22,683
Directors’ fees payable	128	96
Accounts payable and accrued expenses	3,652	2,789
Total liabilities	1,173,405	982,979
Commitments and contingencies (See Note 7)
Net Assets: (See Note 8)
Common shares, $0.01 par value, 500,000,000 and 500,000,000 shares authorized, 53,387,277 and 41,242,105 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	534	412
Paid-in-capital in excess of par value	996,286	776,719
Total distributable earnings (loss)	(26,500)	(29,246)
Total net assets	970,320	747,885
Total liabilities and net assets	$ 2,143,725	$ 1,730,864
Net asset value per share (in dollars per share)	$ 18.18	$ 18.13
Non-controlled/Non-affiliated
Investments
Non-controlled/non-affiliated and affiliated company investments, at fair value	$ 2,081,379	$ 1,641,686

CONSOLIDATED STATEMENTS OF AS_2

CONSOLIDATED STATEMENTS OF ASSETS AND LIABILITIES (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Amortized cost	$ 2,098,575	$ 1,666,169
Deferred financing costs	$ 6,668	$ 7,941
Common shares, par value (in dollars per share)	$ 0.01	$ 0.01
Common shares, authorized (in shares)	500,000,000	500,000,000
Common shares, issued (in shares)	53,387,277	41,242,105
Common shares, outstanding (in shares)	53,387,277	41,242,105
Non-controlled/Non-affiliated
Amortized cost	$ 2,098,575	$ 1,666,169

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Investment income:
Payment-in-kind interest income	$ 8,299,000	$ 3,644,000	$ 789,000
Dividend income	614,000	101,000	225,000
Other income	2,031,000	1,143,000	1,571,000
Expenses:
Interest and debt financing expenses	79,879,000	61,206,000	25,695,000
Management fees (See Note 5)	14,683,000	10,509,000	7,464,000
Incentive fees on net investment income	17,447,000	0	0
Professional fees	3,100,000	3,455,000	1,811,000
Directors' fees	510,000	383,000	383,000
Administration fees (See Note 5)	1,861,000	1,598,000	1,111,000
Other general and administrative expenses	1,068,000	751,000	684,000
Total expenses before expense support and incentive fees waived	118,548,000	77,902,000	37,148,000
Expense support (See Note 5)	0	(158,000)	(179,000)
Incentive fees waived (See Note 5)	(17,447,000)	0	0
Net Expenses after expense support	101,101,000	77,744,000	36,969,000
Net investment income before excise taxes	122,939,000	84,012,000	45,484,000
Excise taxes	551,000	6,000	0
Net investment income	122,388,000	84,006,000	45,484,000
Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on non-controlled/non-affiliated company investments	(13,198,000)	(7,952,000)	(262,000)
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated company investments	7,287,000	714,000	(27,912,000)
Net increase (decrease) in net assets resulting from operations	$ 116,323,000	$ 75,938,000	$ 17,286,000
Per share data:
Net investment income per share - basic (in dollars per share)	$ 2.26	$ 2.52	$ 1.95
Net investment income per share - diluted (in dollars per share)	2.26	2.52	1.95
Net increase (decrease) in net assets resulting from operations per share - basic and diluted (in dollars per share)	$ 2.15	$ 2.27	$ 0.74
Weighted average common shares outstanding - basic (in shares)	54,118,379	33,385,880	23,279,341
Weighted average common shares outstanding - diluted (in shares)	54,118,379	33,385,880	23,279,341
Non-controlled/Non-affiliated
Investment income:
Interest income	$ 213,096,000	$ 156,868,000	$ 79,868,000
Payment-in-kind interest income	8,299,000	3,644,000	789,000
Dividend income	614,000	101,000	225,000
Other income	2,031,000	1,143,000	1,571,000
Total investment income	224,040,000	161,756,000	82,453,000
Realized and unrealized gain (loss) on investments:
Net realized gain (loss) on non-controlled/non-affiliated company investments	(13,198,000)	(7,952,000)	(262,000)
Net change in unrealized appreciation (depreciation):
Non-controlled/non-affiliated company investments	7,287,000	714,000	(27,912,000)
Income tax (provision) benefit	(154,000)	(830,000)	(24,000)
Total net change in unrealized gain (loss)	7,133,000	(116,000)	(27,936,000)
Total net realized and unrealized gain (loss) on investments	$ (6,065,000)	$ (8,068,000)	$ (28,198,000)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Increase (decrease) in net assets resulting from operations:
Net investment income	$ 122,388	$ 84,006	$ 45,484
Net realized gain (loss) on investments	(13,198)	(7,952)	(262)
Net change in unrealized appreciation (depreciation) on investments	7,133	(116)	(27,936)
Net increase (decrease) in net assets resulting from operations	116,323	75,938	17,286
Shareholder distributions:
Distributions declared from distributable earnings	(114,278)	(81,206)	(44,567)
Net increase (decrease) in net assets resulting from shareholder distributions	(114,278)	(81,206)	(44,567)
Capital share transactions:
Issuance of common shares, net	241,657	218,542	174,964
Reinvestment of shareholder distributions	12,262	9,654	3,223
Repurchases of common stock	(33,529)	0	0
Net increase (decrease) in net assets resulting from capital share transactions	220,390	228,196	178,187
Total increase (decrease) in net assets	222,435	222,928	150,906
Net assets, beginning of period	747,885	524,957	374,051
Net assets, end of period	$ 970,320	$ 747,885	$ 524,957

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net increase (decrease) in net assets resulting from operations	$ 116,323	$ 75,938	$ 17,286
Adjustments to reconcile net increase (decrease) in net assets resulting from operations to net cash provided by (used in) operating activities
Purchase of investments	(863,570)	(589,000)	(502,250)
Proceeds from principal repayments and sales of investments	429,953	146,428	49,264
Payment-in-kind interest	(8,299)	(3,268)	(789)
Amortization of (premium)/accretion of discount, net	(3,688)	(2,708)	(1,762)
Net realized (gain) loss on investments	13,198	7,952	262
Net change in unrealized (appreciation) depreciation on investments	(7,287)	(714)	27,912
Amortization of deferred financing costs	4,166	2,216	1,408
Amortization of offering costs	0	(23)	(82)
Changes in operating assets and liabilities:
Due from adviser for expense support	0	1,147	1,504
Interest receivable	(297)	(5,776)	(7,150)
Receivable for investments sold	2,895	(3,200)	4,488
Prepaid expenses	(34)	28	23
Other assets	127	0	0
Payable for investments purchased	14,973	(56)	(25,688)
Interest payable	3,130	1,025	6,739
Due to adviser for expense support	(632)	(515)	(1,504)
Management fees payable	950	795	835
Directors’ fees payable	32	0	0
Accounts payable and accrued expenses	863	206	1,660
Net cash provided by (used in) operating activities	(297,197)	(369,525)	(427,844)
Cash flows from financing activities:
Proceeds from issuance of common shares	241,657	218,896	174,588
Shareholder distributions	(95,231)	(63,194)	(34,659)
Repurchases of common shares	(33,529)	0	0
Proceeds from secured borrowings	884,150	810,900	762,200
Repayments of secured borrowings	(721,098)	(564,470)	(466,800)
Payments of deferred financing costs	(2,893)	(4,482)	(3,401)
Net cash provided by (used in) financing activities	273,056	397,650	431,928
Net increase (decrease) in Cash and Cash Equivalents and Restricted Cash	(24,141)	28,125	4,084
Cash and Cash Equivalents and Restricted Cash, beginning of period	67,445	39,320	35,236
Cash and Cash Equivalents and Restricted Cash, end of period	43,304	67,445	39,320
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	72,583	57,965	17,548
Cash paid during the period for excise taxes	6	0	0
Supplemental disclosure of non-cash flow financing activity:
Distributions payable	29,468	22,683	14,325
Reinvestment of shareholder distributions	12,262	9,654	3,223
Reconciliation of cash and cash equivalents and restricted cash
Cash	2,412	2,918	21,698
Cash equivalents	40,842	64,477	17,572
Restricted cash	50	50	50
Total cash and cash equivalents and restricted cash shown on the Consolidated Statements of Cash Flows	$ 43,304	$ 67,445	$ 39,320

CONSOLIDATED SCHEDULE OF INVEST

CONSOLIDATED SCHEDULE OF INVESTMENTS - USD ($) $ in Thousands		Dec. 31, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Spread above reference rate		5%	[1],[2],[3],[4]	6.25%	[5],[6],[7],[8]
Amortized Cost		$ 2,139,417		$ 1,730,646
Fair Value		$ 2,122,221	[9]	$ 1,706,163	[10]
Fair Value as % of Net Assets		218.71%	[11]	228.13%	[12]
Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,064,366		$ 1,640,574
Fair Value		$ 2,044,781	[9]	$ 1,610,879	[10]
Fair Value as % of Net Assets		210.74%	[11]	215.39%	[12]
Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 34,209		$ 25,595
Fair Value		$ 36,598	[9]	$ 30,807	[10]
Fair Value as % of Net Assets		3.77%	[11]	4.12%	[12]
Cash Equivalents
Schedule of Investments [Line Items]
Amortized Cost		$ 40,842		$ 64,477
Fair Value		$ 40,842	[9]	$ 64,477	[10]
Fair Value as % of Net Assets		4.20%	[11]	8.62%	[12]
Aerospace & Defense | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 67,466		$ 50,644
Fair Value		$ 68,232	[9]	$ 49,851	[10]
Fair Value as % of Net Assets		7.04%	[11]	6.67%	[12]
Aerospace & Defense | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 1,530		$ 1,530
Fair Value		$ 1,775	[9]	$ 1,614	[10]
Fair Value as % of Net Assets		0.18%	[11]	0.22%	[12]
Automotive | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 67,313		$ 82,339
Fair Value		$ 66,427	[9]	$ 80,284	[10]
Fair Value as % of Net Assets		6.85%	[11]	10.73%	[12]
Automotive | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 3,520		$ 1,528
Fair Value		$ 2,961	[9]	$ 1,021	[10]
Fair Value as % of Net Assets		0.31%	[11]	0.14%	[12]
Banking, Finance, Insurance, Real Estate | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 68,987		$ 66,633
Fair Value		$ 68,188	[9]	$ 64,923	[10]
Fair Value as % of Net Assets		7.03%	[11]	8.68%	[12]
Beverage, Food & Tobacco | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 140,518		$ 124,399
Fair Value		$ 140,607	[9]	$ 123,423	[10]
Fair Value as % of Net Assets		14.48%	[11]	16.50%	[12]
Beverage, Food & Tobacco | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 3,517		$ 3,481
Fair Value		$ 4,035	[9]	$ 3,912	[10]
Fair Value as % of Net Assets		0.42%	[11]	0.52%	[12]
Capital Equipment | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 105,999		$ 62,328
Fair Value		$ 105,587	[9]	$ 61,803	[10]
Fair Value as % of Net Assets		10.88%	[11]	8.26%	[12]
Capital Equipment | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 5,207		$ 4,427
Fair Value		$ 8,087	[9]	$ 7,324	[10]
Fair Value as % of Net Assets		0.83%	[11]	0.98%	[12]
Chemicals, Plastics, & Rubber | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 33,651		$ 41,481
Fair Value		$ 28,297	[9]	$ 37,535	[10]
Fair Value as % of Net Assets		2.91%	[11]	5.02%	[12]
Construction & Building | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 111,577		$ 61,992
Fair Value		$ 111,836	[9]	$ 61,958	[10]
Fair Value as % of Net Assets		11.52%	[11]	8.28%	[12]
Construction & Building | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,433		$ 1,161
Fair Value		$ 3,493	[9]	$ 2,055	[10]
Fair Value as % of Net Assets		0.36%	[11]	0.27%	[12]
Consumer Goods: Durable | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 20,210		$ 30,122
Fair Value		$ 20,097	[9]	$ 24,814	[10]
Fair Value as % of Net Assets		2.07%	[11]	3.32%	[12]
Consumer Goods: Non-durable | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 47,949		$ 55,909
Fair Value		$ 48,402	[9]	$ 54,134	[10]
Fair Value as % of Net Assets		5%	[11]	7.24%	[12]
Consumer Goods: Non-durable | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 273		$ 273
Fair Value		$ 315	[9]	$ 209	[10]
Fair Value as % of Net Assets		0.03%	[11]	0.03%	[12]
Containers, Packaging & Glass | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 80,233		$ 64,852
Fair Value		$ 79,776	[9]	$ 64,328	[10]
Fair Value as % of Net Assets		8.23%	[11]	8.60%	[12]
Containers, Packaging & Glass | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 1,279		$ 1,171
Fair Value		$ 838	[9]	$ 822	[10]
Fair Value as % of Net Assets		0.09%	[11]	0.11%	[12]
Energy: Electricity | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 51,557		$ 28,825
Fair Value		$ 52,006	[9]	$ 28,728	[10]
Fair Value as % of Net Assets		5.36%	[11]	3.84%	[12]
Environmental Industries | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 80,697		$ 44,853
Fair Value		$ 80,182	[9]	$ 44,758	[10]
Fair Value as % of Net Assets		8.28%	[11]	5.98%	[12]
Healthcare & Pharmaceuticals | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 308,935		$ 210,326
Fair Value		$ 299,711	[9]	$ 207,327	[10]
Fair Value as % of Net Assets		30.87%	[11]	27.72%	[12]
Healthcare & Pharmaceuticals | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,102		$ 2,102
Fair Value		$ 1,533	[9]	$ 1,251	[10]
Fair Value as % of Net Assets		0.16%	[11]	0.17%	[12]
High Tech Industries
Schedule of Investments [Line Items]
Amortized Cost				$ 835
Fair Value	[10]			$ 1,460
Fair Value as % of Net Assets	[12]			0.20%
High Tech Industries | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 180,110		$ 147,765
Fair Value		$ 179,789	[9]	$ 145,702	[10]
Fair Value as % of Net Assets		18.53%	[11]	19.48%	[12]
High Tech Industries | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 313
Fair Value	[9]	$ 154
Fair Value as % of Net Assets	[11]	0.02%
Hotel, Game & Leisure | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 3,122
Fair Value	[9]	$ 3,116
Fair Value as % of Net Assets	[11]	0.32%
Media: Advertising, Printing & Publishing | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 18,847		$ 19,017
Fair Value		$ 18,769	[9]	$ 18,452	[10]
Fair Value as % of Net Assets		1.94%	[11]	2.47%	[12]
Media: Diversified & Production | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 20,518		$ 16,791
Fair Value		$ 18,276	[9]	$ 15,818	[10]
Fair Value as % of Net Assets		1.89%	[11]	2.12%	[12]
Media: Diversified & Production | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 853
Fair Value	[9]	$ 665
Fair Value as % of Net Assets	[11]	0.07%
Retail | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 5,786		$ 5,850
Fair Value		$ 5,775	[9]	$ 5,747	[10]
Fair Value as % of Net Assets		0.60%	[11]	0.77%	[12]
Services: Business | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 341,554		$ 302,368
Fair Value		$ 340,181	[9]	$ 298,732	[10]
Fair Value as % of Net Assets		35.05%	[11]	39.94%	[12]
Services: Business | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 3,566		$ 4,099
Fair Value		$ 2,813	[9]	$ 3,613	[10]
Fair Value as % of Net Assets		0.29%	[11]	0.48%	[12]
Services: Consumer | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 105,871		$ 77,979
Fair Value		$ 105,088	[9]	$ 76,923	[10]
Fair Value as % of Net Assets		10.82%	[11]	10.29%	[12]
Services: Consumer | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 2,882		$ 2,629
Fair Value		$ 2,774	[9]	$ 2,940	[10]
Fair Value as % of Net Assets		0.29%	[11]	0.39%	[12]
Sovereign & Public Finance | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 12,033		$ 9,218
Fair Value		$ 12,162	[9]	$ 9,329	[10]
Fair Value as % of Net Assets		1.25%	[11]	1.25%	[12]
Sovereign & Public Finance | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 634		$ 634
Fair Value		$ 1,104	[9]	$ 1,370	[10]
Fair Value as % of Net Assets		0.11%	[11]	0.18%	[12]
Telecommunications | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 65,696		$ 52,901
Fair Value		$ 66,404	[9]	$ 52,116	[10]
Fair Value as % of Net Assets		6.86%	[11]	6.97%	[12]
Transportation: Cargo | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 56,563		$ 50,134
Fair Value		$ 56,371	[9]	$ 49,851	[10]
Fair Value as % of Net Assets		5.81%	[11]	6.67%	[12]
Transportation: Cargo | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 5,240		$ 1,271
Fair Value		$ 5,110	[9]	$ 2,746	[10]
Fair Value as % of Net Assets		0.51%	[11]	0.36%	[12]
Transportation: Consumer | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 12,682		$ 2,027
Fair Value		$ 12,648	[9]	$ 2,026	[10]
Fair Value as % of Net Assets		1.30%	[11]	0.27%	[12]
Transportation: Consumer | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 102		$ 174
Fair Value		$ 162	[9]	$ 189	[10]
Fair Value as % of Net Assets		0.02%	[11]	0.03%	[12]
Utilities: Electric | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 23,609		$ 14,238
Fair Value		$ 23,849	[9]	$ 14,352	[10]
Fair Value as % of Net Assets		2.46%	[11]	1.92%	[12]
Utilities: Electric | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 280		$ 280
Fair Value		$ 213	[9]	$ 281	[10]
Fair Value as % of Net Assets		0.02%	[11]	0.04%	[12]
Utilities: Water | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 8,100
Fair Value	[9]	$ 8,170
Fair Value as % of Net Assets	[11]	0.84%
Utilities: Water | Equity Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 478
Fair Value	[9]	$ 566
Fair Value as % of Net Assets	[11]	0.06%
Wholesale | Debt Investments
Schedule of Investments [Line Items]
Amortized Cost		$ 24,783		$ 17,583
Fair Value		$ 24,835	[9]	$ 17,965	[10]
Fair Value as % of Net Assets		2.55%	[11]	2.40%	[12]
Investment, Identifier [Axis]: 360 Holdco, Inc. (360 Training) 1
Schedule of Investments [Line Items]
Spread above reference rate	[4],[13]	5%
Interest rate	[4],[13]	9.36%
Par Amount	[13]	$ 3,438
Amortized Cost	[13]	3,408
Fair Value	[9],[13]	$ 3,438
Fair Value as % of Net Assets	[11],[13]	0.35%
Investment, Identifier [Axis]: 360 Holdco, Inc. (360 Training) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.36%
Par Amount	[1],[2]	$ 3,093
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ 0
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: A&R Logistics Holdings, Inc. (Quantix SCS, LLC) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	2.50%
Interest rate	[3],[4],[14]	7.24%
Interest rate, PIK	[3],[4],[14]	4.25%
Par Amount	[3],[14]	$ 258
Amortized Cost	[3],[14]	257
Fair Value	[3],[9],[14]	$ 240
Fair Value as % of Net Assets	[3],[11],[14]	0.02%
Investment, Identifier [Axis]: A&R Logistics Holdings, Inc. (Quantix SCS, LLC) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	2.50%
Interest rate	[3],[4],[14]	7.24%
Interest rate, PIK	[3],[4],[14]	4.25%
Par Amount	[3],[14]	$ 895
Amortized Cost	[3],[14]	894
Fair Value	[3],[9],[14]	$ 832
Fair Value as % of Net Assets	[3],[11],[14]	0.09%
Investment, Identifier [Axis]: A&R Logistics Holdings, Inc. (Quantix SCS, LLC) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	2.50%
Interest rate	[3],[4],[14]	7.24%
Interest rate, PIK	[3],[4],[14]	4.25%
Par Amount	[3],[14]	$ 181
Amortized Cost	[3],[14]	181
Fair Value	[3],[9],[14]	$ 168
Fair Value as % of Net Assets	[3],[11],[14]	0.02%
Investment, Identifier [Axis]: A&R Logistics Holdings, Inc. (Quantix SCS, LLC) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	2.50%
Interest rate	[3],[4],[14]	7.24%
Interest rate, PIK	[3],[4],[14]	4.25%
Par Amount	[3],[14]	$ 4,369
Amortized Cost	[3],[14]	4,361
Fair Value	[3],[9],[14]	$ 4,060
Fair Value as % of Net Assets	[3],[11],[14]	0.42%
Investment, Identifier [Axis]: A&R Logistics Holdings, Inc. (Quantix SCS, LLC) 5
Schedule of Investments [Line Items]
Spread above reference rate	[4],[14]	2.50%
Interest rate	[4],[14]	7.24%
Interest rate, PIK	[4],[14]	4.25%
Par Amount	[14]	$ 1,359
Amortized Cost	[14]	1,355
Fair Value	[9],[14]	$ 1,263
Fair Value as % of Net Assets	[11],[14]	0.13%
Investment, Identifier [Axis]: AB Centers Acquisition Corporation (Action Behavior Centers) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	5.25%
Interest rate	[1],[4],[13]	9.84%
Par Amount	[1],[13]	$ 15,673
Amortized Cost	[1],[13]	15,520
Fair Value	[1],[9],[13]	$ 15,588
Fair Value as % of Net Assets	[1],[11],[13]	1.60%
Investment, Identifier [Axis]: AB Centers Acquisition Corporation (Action Behavior Centers) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.80%
Par Amount	[1],[2]	$ 2,850
Amortized Cost	[1],[2]	189
Fair Value	[1],[2],[9]	$ 180
Fair Value as % of Net Assets	[1],[2],[11]	0.02%
Investment, Identifier [Axis]: AB Centers Acquisition Corporation (Action Behavior Centers) 3
Schedule of Investments [Line Items]
Spread above reference rate	[4]	5.25%
Interest rate	[4]	9.61%
Par Amount		$ 1,477
Amortized Cost		1,470
Fair Value	[9]	$ 1,469
Fair Value as % of Net Assets	[11]	0.15%
Investment, Identifier [Axis]: ACP Tara Holdings, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	4.50%
Interest rate	[3],[4],[13],[14]	8.93%
Par Amount	[3],[13],[14]	$ 12,475
Amortized Cost	[3],[13],[14]	12,415
Fair Value	[3],[9],[13],[14]	$ 12,475
Fair Value as % of Net Assets	[3],[11],[13],[14]	1.29%
Investment, Identifier [Axis]: ACP Tara Holdings, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.18%
Par Amount	[3],[14]	$ 1,706
Amortized Cost	[3],[14]	1,683
Fair Value	[3],[9],[14]	$ 1,706
Fair Value as % of Net Assets	[3],[11],[14]	0.18%
Investment, Identifier [Axis]: ADPD Holdings LLC (NearU) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	6%
Interest rate	[1],[3],[4],[13],[14]	11.03%
Par Amount	[1],[3],[13],[14]	$ 9,307
Amortized Cost	[1],[3],[13],[14]	9,268
Fair Value	[1],[3],[9],[13],[14]	$ 8,862
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	0.91%
Investment, Identifier [Axis]: ADPD Holdings LLC (NearU) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	6%
Interest rate	[1],[2],[4],[14]	11.03%
Par Amount	[1],[2],[14]	$ 709
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (34)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: ADPD Holdings LLC (NearU) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	6%
Interest rate	[1],[2],[4],[14]	11.03%
Par Amount	[1],[2],[14]	$ 1,427
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (68)
Fair Value as % of Net Assets	[1],[2],[11],[14]	(0.01%)
Investment, Identifier [Axis]: ADPD Holdings, LLC (a/k/a NearU)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6%
Interest rate	[5],[6],[7],[8],[15]			11.68%
Par Amount	[5],[6],[7],[15]			$ 8,474
Amortized Cost	[5],[6],[7],[15]			8,474
Fair Value	[5],[6],[7],[10],[15]			$ 7,920
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.06%
Investment, Identifier [Axis]: ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			6%
Interest rate	[6],[8],[15],[16]			11.68%
Par Amount	[6],[15],[16]			$ 1,577
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (103)
Fair Value as % of Net Assets	[6],[12],[15],[16]			(0.01%)
Investment, Identifier [Axis]: ADPD Holdings, LLC (a/k/a NearU) (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			6%
Interest rate	[6],[8],[15],[16]			11.68%
Par Amount	[6],[15],[16]			$ 1,714
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (112)
Fair Value as % of Net Assets	[6],[12],[15],[16]			(0.01%)
Investment, Identifier [Axis]: ADPD Holdings, LLC (a/k/a NearU) 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[15],[17],[18]			$ 243
Fair Value	[6],[10],[15],[17],[18]			$ 156
Fair Value as % of Net Assets	[6],[12],[15],[17],[18]			0.02%
Shares/Units	[6],[15],[17],[18]			2,432
Investment, Identifier [Axis]: AEgis Technologies
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.50%
Interest rate	[5],[6],[7],[8]			12.04%
Par Amount	[5],[6],[7]			$ 14,657
Amortized Cost	[5],[6],[7]			14,592
Fair Value	[5],[6],[7],[10]			$ 14,311
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.91%
Investment, Identifier [Axis]: AG MDC Holdings, Inc
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 245
Fair Value	[6],[10],[17],[18],[19]			$ 177
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.02%
Shares/Units	[6],[17],[18],[19]			245
Investment, Identifier [Axis]: ALKU Intermediate Holdings, LLC
Schedule of Investments [Line Items]
Spread above reference rate		6.25%	[1],[4]	6.25%	[5],[6],[8]
Interest rate		10.50%	[1],[4]	11.61%	[5],[6],[8]
Par Amount		$ 4,474	[1]	$ 4,519	[5],[6]
Amortized Cost		4,401	[1]	4,434	[5],[6]
Fair Value		$ 4,512	[1],[9]	$ 4,480	[5],[6],[10]
Fair Value as % of Net Assets		0.47%	[1],[11]	0.60%	[5],[6],[12]
Investment, Identifier [Axis]: AMS Parent, LLC (All My Sons)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.47%
Par Amount	[3]	$ 5,204
Amortized Cost	[3]	5,172
Fair Value	[3],[9]	$ 5,175
Fair Value as % of Net Assets	[3],[11]	0.53%
Investment, Identifier [Axis]: ARMstrong
Schedule of Investments [Line Items]
Interest rate	[5],[6],[7],[8]			11.70%
Par Amount	[5],[6],[7]			$ 11,447
Amortized Cost	[5],[6],[7]			11,279
Fair Value	[5],[6],[7],[10]			$ 11,284
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.51%
Investment, Identifier [Axis]: ARMstrong (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.70%
Par Amount	[6],[16]			$ 3,847
Amortized Cost	[6],[16]			(28)
Fair Value	[6],[10],[16]			$ (55)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: ASTP Holdings CO-Investment LP (American Student Transportation Partners)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 102
Fair Value	[1],[9],[20]	$ 162
Fair Value as % of Net Assets	[1],[11],[20]	0.02%
Shares/Units	[1],[20]	102,475
Investment, Identifier [Axis]: ASTP Holdings Co-Investment LP
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 174
Fair Value	[6],[10],[17],[18]			$ 189
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.03%
Shares/Units	[6],[17],[18]			173,844
Investment, Identifier [Axis]: Accession Risk Management Group, Inc. (f/k/a RSC Acquisition Inc)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	4.75%
Interest rate	[1],[3],[4],[14]	9.08%
Par Amount	[1],[3],[14]	$ 9,744
Amortized Cost	[1],[3],[14]	9,744
Fair Value	[1],[3],[9],[14]	$ 9,620
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.99%
Investment, Identifier [Axis]: Acclaim MidCo, LLC (dba ClaimLogiQ)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6%
Interest rate	[5],[6],[7],[8]			11.35%
Par Amount	[5],[6],[7]			$ 8,021
Amortized Cost	[5],[6],[7]			7,870
Fair Value	[5],[6],[7],[10]			$ 7,951
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.06%
Investment, Identifier [Axis]: Acclaim MidCo, LLC (dba ClaimLogiQ) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.35%
Par Amount	[6],[16]			$ 3,225
Amortized Cost	[6],[16]			(15)
Fair Value	[6],[10],[16]			$ (28)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Affinity Hospice
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			4.75%
Interest rate	[6],[7],[8]			10.20%
Par Amount	[6],[7]			$ 7,872
Amortized Cost	[6],[7]			7,817
Fair Value	[6],[7],[10]			$ 7,048
Fair Value as % of Net Assets	[6],[7],[12]			0.94%
Investment, Identifier [Axis]: Affinity Hospice Intermediate Holdings, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	4.75%
Interest rate	[1],[3],[4]	9.18%
Par Amount	[1],[3]	$ 7,792
Amortized Cost	[1],[3]	7,748
Fair Value	[1],[3],[9]	$ 6,531
Fair Value as % of Net Assets	[1],[3],[11]	0.67%
Investment, Identifier [Axis]: All My Sons
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.75%
Interest rate	[7],[8]			10.36%
Par Amount	[7]			$ 5,261
Amortized Cost	[7]			5,222
Fair Value	[7],[10]			$ 5,206
Fair Value as % of Net Assets	[7],[12]			0.69%
Investment, Identifier [Axis]: Allstar Holdings
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			3%
Par Amount	[6]			$ 2,114
Amortized Cost	[6]			2,053
Fair Value	[6],[10]			$ 2,054
Fair Value as % of Net Assets	[6],[12]			0.27%
Investment, Identifier [Axis]: Allstar Holdings (Delayed Draw) 1
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			3%
Par Amount	[6],[16]			$ 4,043
Amortized Cost	[6],[16]			2,803
Fair Value	[6],[10],[16]			$ 2,745
Fair Value as % of Net Assets	[6],[12],[16]			0.37%
Investment, Identifier [Axis]: Allstar Holdings (Delayed Draw) 2
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			3%
Par Amount	[6],[16]			$ 6,188
Amortized Cost	[6],[16]			(88)
Fair Value	[6],[10],[16]			$ (175)
Fair Value as % of Net Assets	[6],[12],[16]			(0.02%)
Investment, Identifier [Axis]: Alta Buyer, LLC (GoEngineer) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5%
Interest rate	[3],[4],[13],[14]	9.33%
Par Amount	[3],[13],[14]	$ 11,454
Amortized Cost	[3],[13],[14]	11,426
Fair Value	[3],[9],[13],[14]	$ 11,363
Fair Value as % of Net Assets	[3],[11],[13],[14]	1.17%
Investment, Identifier [Axis]: Alta Buyer, LLC (GoEngineer) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5%
Interest rate	[3],[4],[14]	9.33%
Par Amount	[3],[14]	$ 3,120
Amortized Cost	[3],[14]	3,102
Fair Value	[3],[9],[14]	$ 3,095
Fair Value as % of Net Assets	[3],[11],[14]	0.32%
Investment, Identifier [Axis]: Alta Buyer, LLC (GoEngineer) 3
Schedule of Investments [Line Items]
Spread above reference rate	[4],[14]	5%
Interest rate	[4],[14]	9.33%
Par Amount	[14]	$ 5,338
Amortized Cost	[14]	5,290
Fair Value	[9],[14]	$ 5,295
Fair Value as % of Net Assets	[11],[14]	0.55%
Investment, Identifier [Axis]: AmerCareRoyal, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.36%
Par Amount	[3]	$ 720
Amortized Cost	[3]	713
Fair Value	[3],[9]	$ 713
Fair Value as % of Net Assets	[3],[11]	0.07%
Investment, Identifier [Axis]: AmerCareRoyal, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.36%
Par Amount	[1],[2]	$ 165
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ (2)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: AmerCareRoyal, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.36%
Par Amount	[1]	$ 115
Amortized Cost	[1]	114
Fair Value	[1],[9]	$ 114
Fair Value as % of Net Assets	[1],[11]	0.01%
Investment, Identifier [Axis]: American Auto Auction Group
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5%
Interest rate	[6],[7],[8]			10.50%
Par Amount	[6],[7]			$ 10,520
Amortized Cost	[6],[7]			10,443
Fair Value	[6],[7],[10]			$ 10,266
Fair Value as % of Net Assets	[6],[7],[12]			1.37%
Investment, Identifier [Axis]: American Student Transportation Partners, Inc.
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	3%
Par Amount	[1]	$ 2,264
Amortized Cost	[1]	2,217
Fair Value	[1],[9]	$ 2,212
Fair Value as % of Net Assets	[1],[11]	0.23%
Investment, Identifier [Axis]: American Student Transportaton Partners, Inc
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			3.50%
Par Amount	[6]			$ 2,081
Amortized Cost	[6]			2,027
Fair Value	[6],[10]			$ 2,026
Fair Value as % of Net Assets	[6],[12]			0.27%
Investment, Identifier [Axis]: Anne Arundel (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate, PIK	[6],[8],[16]			11%
Par Amount	[6],[16]			$ 2,396
Amortized Cost	[6],[16]			2,022
Fair Value	[6],[10],[16]			$ 1,790
Fair Value as % of Net Assets	[6],[12],[16]			0.24%
Investment, Identifier [Axis]: Anne Arundel 1
Schedule of Investments [Line Items]
Interest rate, PIK	[6],[8]			12.75%
Par Amount	[6]			$ 3,282
Amortized Cost	[6]			3,247
Fair Value	[6],[10]			$ 2,656
Fair Value as % of Net Assets	[6],[12]			0.36%
Investment, Identifier [Axis]: Anne Arundel 2
Schedule of Investments [Line Items]
Interest rate, PIK	[6],[8]			11%
Par Amount	[6]			$ 1,972
Amortized Cost	[6]			1,957
Fair Value	[6],[10]			$ 1,776
Fair Value as % of Net Assets	[6],[12]			0.24%
Investment, Identifier [Axis]: Anne Arundel 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 880
Fair Value	[6],[10],[17],[18]			$ 2
Fair Value as % of Net Assets	[6],[12],[17],[18]			0%
Shares/Units	[6],[17],[18]			12,175
Investment, Identifier [Axis]: Anne Arundel Dermatology Management, LLC 1
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4],[21]	12.75%
Par Amount	[1],[21]	$ 3,282
Amortized Cost	[1],[21]	3,266
Fair Value	[1],[9],[21]	$ 535
Fair Value as % of Net Assets	[1],[11],[21]	0.06%
Investment, Identifier [Axis]: Anne Arundel Dermatology Management, LLC 2
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4],[21]	13.25%
Par Amount	[1],[21]	$ 1,972
Amortized Cost	[1],[21]	1,965
Fair Value	[1],[9],[21]	$ 780
Fair Value as % of Net Assets	[1],[11],[21]	0.08%
Investment, Identifier [Axis]: Anne Arundel Dermatology Management, LLC 3
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4]	4.71%
Par Amount	[1]	$ 533
Amortized Cost	[1]	533
Fair Value	[1],[9]	$ 533
Fair Value as % of Net Assets	[1],[11]	0.05%
Investment, Identifier [Axis]: Anne Arundel Dermatology Management, LLC 4
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[2],[4],[21]	13.25%
Par Amount	[1],[2],[21]	$ 2,396
Amortized Cost	[1],[2],[21]	2,026
Fair Value	[1],[2],[9],[21]	$ 581
Fair Value as % of Net Assets	[1],[2],[11],[21]	0.06%
Investment, Identifier [Axis]: Apex Companies Holdings, LLC
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			2.50%
Par Amount	[6]			$ 3,964
Amortized Cost	[6]			3,879
Fair Value	[6],[10]			$ 3,953
Fair Value as % of Net Assets	[6],[12]			0.53%
Investment, Identifier [Axis]: Apex Companies Holdings, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			2.50%
Par Amount	[6],[16]			$ 1,197
Amortized Cost	[6],[16]			69
Fair Value	[6],[10],[16]			$ 79
Fair Value as % of Net Assets	[6],[12],[16]			0.01%
Investment, Identifier [Axis]: Apex Companies Holdings, LLC 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 117
Fair Value	[6],[10],[17],[18],[19]			$ 127
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.02%
Shares/Units	[6],[17],[18],[19]			1,173
Investment, Identifier [Axis]: Apex Service Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.50%
Par Amount	[1],[2],[14]	$ 154
Amortized Cost	[1],[2],[14]	44
Fair Value	[1],[2],[9],[14]	$ 43
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Apex Service Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5%
Interest rate	[1],[4],[14]	9.51%
Par Amount	[1],[14]	$ 155
Amortized Cost	[1],[14]	155
Fair Value	[1],[9],[14]	$ 154
Fair Value as % of Net Assets	[1],[11],[14]	0.02%
Investment, Identifier [Axis]: Apex Service Partners, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.51%
Par Amount	[1],[2],[14]	$ 55
Amortized Cost	[1],[2],[14]	37
Fair Value	[1],[2],[9],[14]	$ 37
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Apex Service Partners, LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5%
Interest rate	[1],[4],[14]	9.51%
Par Amount	[1],[14]	$ 633
Amortized Cost	[1],[14]	627
Fair Value	[1],[9],[14]	$ 627
Fair Value as % of Net Assets	[1],[11],[14]	0.06%
Investment, Identifier [Axis]: Arcadia Consumer Health
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			4.50%
Interest rate	[5],[7],[8],[15]			9.98%
Par Amount	[5],[7],[15]			$ 12,604
Amortized Cost	[5],[7],[15]			12,522
Fair Value	[5],[7],[10],[15]			$ 12,192
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.63%
Investment, Identifier [Axis]: Arcadia Consumer Health (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[15]			5.75%
Interest rate	[5],[6],[8],[15]			11.23%
Par Amount	[5],[6],[15]			$ 2,256
Amortized Cost	[5],[6],[15]			2,216
Fair Value	[5],[6],[10],[15]			$ 2,251
Fair Value as % of Net Assets	[5],[6],[12],[15]			0.30%
Investment, Identifier [Axis]: Archer Acquisition, LLC (ARMstrong) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.43%
Par Amount	[3]	$ 11,333
Amortized Cost	[3]	11,185
Fair Value	[3],[9]	$ 11,225
Fair Value as % of Net Assets	[3],[11]	1.16%
Investment, Identifier [Axis]: Archer Acquisition, LLC (ARMstrong) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.67%
Par Amount	[1],[2]	$ 1,096
Amortized Cost	[1],[2]	298
Fair Value	[1],[2],[9]	$ 294
Fair Value as % of Net Assets	[1],[2],[11]	0.03%
Investment, Identifier [Axis]: Argano, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.69%
Par Amount	[7]			$ 5,634
Amortized Cost	[7]			5,602
Fair Value	[7],[10]			$ 5,510
Fair Value as % of Net Assets	[7],[12]			0.74%
Investment, Identifier [Axis]: Argano, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			11.69%
Par Amount	[5],[7]			$ 2,494
Amortized Cost	[5],[7]			2,494
Fair Value	[5],[7],[10]			$ 2,440
Fair Value as % of Net Assets	[5],[7],[12]			0.33%
Investment, Identifier [Axis]: Argano, LLC (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.69%
Par Amount	[7]			$ 1,705
Amortized Cost	[7]			1,676
Fair Value	[7],[10]			$ 1,667
Fair Value as % of Net Assets	[7],[12]			0.22%
Investment, Identifier [Axis]: Armstrong Midco, LLC (Armstrong Transport Group)
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4]	17%
Par Amount	[1]	$ 1,108
Amortized Cost	[1]	1,091
Fair Value	[1],[9]	$ 1,083
Fair Value as % of Net Assets	[1],[11]	0.11%
Investment, Identifier [Axis]: Armstrong Transport Group, LLC
Schedule of Investments [Line Items]
Interest rate	[1],[4]	7%
Interest rate, PIK	[1],[4]	7%
Par Amount	[1]	$ 7,618
Amortized Cost	[1]	7,494
Fair Value	[1],[9]	$ 7,450
Fair Value as % of Net Assets	[1],[11]	0.77%
Investment, Identifier [Axis]: Arotech
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			6.25%
Interest rate	[6],[7],[8]			11.70%
Par Amount	[6],[7]			$ 9,202
Amortized Cost	[6],[7]			9,127
Fair Value	[6],[7],[10]			$ 8,945
Fair Value as % of Net Assets	[6],[7],[12]			1.20%
Investment, Identifier [Axis]: Arotech (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.25%
Interest rate	[5],[6],[7],[8]			11.70%
Par Amount	[5],[6],[7]			$ 448
Amortized Cost	[5],[6],[7]			446
Fair Value	[5],[6],[7],[10]			$ 435
Fair Value as % of Net Assets	[5],[6],[7],[12]			0.06%
Investment, Identifier [Axis]: Arotech Corporation 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6%
Interest rate	[1],[3],[4]	10.69%
Par Amount	[1],[3]	$ 14,965
Amortized Cost	[1],[3]	14,459
Fair Value	[1],[3],[9]	$ 14,965
Fair Value as % of Net Assets	[1],[3],[11]	1.54%
Investment, Identifier [Axis]: Arotech Corporation 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6%
Interest rate	[1],[3],[4]	10.45%
Par Amount	[1],[3]	$ 728
Amortized Cost	[1],[3]	705
Fair Value	[1],[3],[9]	$ 728
Fair Value as % of Net Assets	[1],[3],[11]	0.08%
Investment, Identifier [Axis]: Ascend Partner Services LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	4.50%
Interest rate	[1],[4],[13]	8.86%
Par Amount	[1],[13]	$ 7,358
Amortized Cost	[1],[13]	7,286
Fair Value	[1],[9],[13]	$ 7,289
Fair Value as % of Net Assets	[1],[11],[13]	0.75%
Investment, Identifier [Axis]: Ascend Partner Services LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.50%
Interest rate	[1],[2],[4]	8.86%
Par Amount	[1],[2]	$ 12,642
Amortized Cost	[1],[2]	(60)
Fair Value	[1],[2],[9]	$ (119)
Fair Value as % of Net Assets	[1],[2],[11]	(0.01%)
Investment, Identifier [Axis]: Ascensus
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[22]			6.50%
Interest rate	[6],[8],[22]			12.18%
Par Amount	[6],[22]			$ 9,000
Amortized Cost	[6],[22]			8,935
Fair Value	[6],[10],[22]			$ 8,691
Fair Value as % of Net Assets	[6],[12],[22]			1.16%
Investment, Identifier [Axis]: Ascensus Specialties
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			4.25%
Interest rate	[5],[7],[8],[15]			9.71%
Par Amount	[5],[7],[15]			$ 9,731
Amortized Cost	[5],[7],[15]			9,589
Fair Value	[5],[7],[10],[15]			$ 8,776
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.17%
Investment, Identifier [Axis]: Athlete Buyer, LLC (Allstar Holdings) 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	3%
Par Amount	[1]	$ 2,239
Amortized Cost	[1]	2,187
Fair Value	[1],[9]	$ 2,162
Fair Value as % of Net Assets	[1],[11]	0.22%
Investment, Identifier [Axis]: Athlete Buyer, LLC (Allstar Holdings) 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	3%
Par Amount	[1]	$ 4,263
Amortized Cost	[1]	4,213
Fair Value	[1],[9]	$ 4,114
Fair Value as % of Net Assets	[1],[11]	0.42%
Investment, Identifier [Axis]: Athlete Buyer, LLC (Allstar Holdings) 3
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	3%
Par Amount	[1]	$ 5,409
Amortized Cost	[1]	5,344
Fair Value	[1],[9]	$ 5,221
Fair Value as % of Net Assets	[1],[11]	0.54%
Investment, Identifier [Axis]: Azalea TopCo, Inc. (Press Ganey)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14],[23]	3.25%
Interest rate	[1],[4],[13],[14],[23]	7.61%
Par Amount	[1],[13],[14],[23]	$ 5,840
Amortized Cost	[1],[13],[14],[23]	5,784
Fair Value	[1],[9],[13],[14],[23]	$ 5,864
Fair Value as % of Net Assets	[1],[11],[13],[14],[23]	0.60%
Investment, Identifier [Axis]: B2B Industrial Products, LLC (AMW Acquisition Company, Inc.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	6.75%
Interest rate	[3],[4],[13]	11.43%
Par Amount	[3],[13]	$ 14,284
Amortized Cost	[3],[13]	14,266
Fair Value	[3],[9],[13]	$ 13,536
Fair Value as % of Net Assets	[3],[11],[13]	1.40%
Investment, Identifier [Axis]: B2B Industrial Products, LLC (AMW Acquisition Company, Inc.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	6.75%
Interest rate	[3],[4]	11.41%
Par Amount	[3]	$ 113
Amortized Cost	[3]	112
Fair Value	[3],[9]	$ 107
Fair Value as % of Net Assets	[3],[11]	0.01%
Investment, Identifier [Axis]: B2B Packaging
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.75%
Interest rate	[5],[7],[8]			12.28%
Par Amount	[5],[7]			$ 14,696
Amortized Cost	[5],[7]			14,663
Fair Value	[5],[7],[10]			$ 14,398
Fair Value as % of Net Assets	[5],[7],[12]			1.93%
Investment, Identifier [Axis]: B2B Packaging (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6.75%
Interest rate	[7],[8]			12.29%
Par Amount	[7]			$ 116
Amortized Cost	[7]			114
Fair Value	[7],[10]			$ 114
Fair Value as % of Net Assets	[7],[12]			0.02%
Investment, Identifier [Axis]: BCM One
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			9.96%
Par Amount	[7]			$ 6,074
Amortized Cost	[7]			6,074
Fair Value	[7],[10]			$ 5,966
Fair Value as % of Net Assets	[7],[12]			0.80%
Investment, Identifier [Axis]: BCM One (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			9.96%
Par Amount	[7]			$ 1,827
Amortized Cost	[7]			1,827
Fair Value	[7],[10]			$ 1,794
Fair Value as % of Net Assets	[7],[12]			0.24%
Investment, Identifier [Axis]: BCM One, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.50%
Interest rate	[3],[4]	8.89%
Par Amount	[3]	$ 5,713
Amortized Cost	[3]	5,713
Fair Value	[3],[9]	$ 5,713
Fair Value as % of Net Assets	[3],[11]	0.59%
Investment, Identifier [Axis]: BCM One, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.50%
Interest rate	[3],[4]	8.96%
Par Amount	[3]	$ 1,808
Amortized Cost	[3]	1,808
Fair Value	[3],[9]	$ 1,808
Fair Value as % of Net Assets	[3],[11]	0.19%
Investment, Identifier [Axis]: BCPE North Star US Holdco 2, Inc. (Dessert Holdings) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14],[23]	7.25%
Interest rate	[1],[3],[4],[14],[23]	11.72%
Par Amount	[1],[3],[14],[23]	$ 9,000
Amortized Cost	[1],[3],[14],[23]	8,891
Fair Value	[1],[3],[9],[14],[23]	$ 8,359
Fair Value as % of Net Assets	[1],[3],[11],[14],[23]	0.86%
Investment, Identifier [Axis]: BCPE North Star US Holdco 2, Inc. (Dessert Holdings) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[23],[24]	4%
Interest rate	[3],[4],[13],[23],[24]	8.47%
Par Amount	[3],[13],[23],[24]	$ 10,518
Amortized Cost	[3],[13],[23],[24]	10,070
Fair Value	[3],[9],[13],[23],[24]	$ 10,147
Fair Value as % of Net Assets	[3],[11],[13],[23],[24]	1.05%
Investment, Identifier [Axis]: BPC Kodiak LLC (Turbine Engine Specialist, Inc)
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[25]			$ 1,530
Fair Value	[6],[10],[17],[18],[25]			$ 1,614
Fair Value as % of Net Assets	[6],[12],[17],[18],[25]			0.22%
Shares/Units	[6],[17],[18],[25]			1,530,000
Investment, Identifier [Axis]: BPC Kodiak LLC (Turbine Engine Specialists)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[26]	$ 1,530
Fair Value	[1],[9],[20],[26]	$ 1,775
Fair Value as % of Net Assets	[1],[11],[20],[26]	0.18%
Shares/Units	[1],[20],[26]	1,530,000
Investment, Identifier [Axis]: Badger Sportswear Acquisition Inc
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			10.03%
Par Amount	[7]			$ 3,800
Amortized Cost	[7]			3,800
Fair Value	[7],[10]			$ 3,800
Fair Value as % of Net Assets	[7],[12]			0.51%
Investment, Identifier [Axis]: Bakeovations Intermediate, LLC (d/b/a Commercial Bakeries)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[19],[27]			6.25%
Interest rate	[5],[6],[7],[8],[19],[27]			11.60%
Par Amount	[5],[6],[7],[19],[27]			$ 17,282
Amortized Cost	[5],[6],[7],[19],[27]			16,958
Fair Value	[5],[6],[7],[10],[19],[27]			$ 16,940
Fair Value as % of Net Assets	[5],[6],[7],[12],[19],[27]			2.27%
Investment, Identifier [Axis]: Bardstown PPC Buyer LLC (Bardstown Bourbon Company) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	7.75%
Interest rate	[1],[4]	12.96%
Par Amount	[1]	$ 9,300
Amortized Cost	[1]	9,188
Fair Value	[1],[9]	$ 9,221
Fair Value as % of Net Assets	[1],[11]	0.95%
Investment, Identifier [Axis]: Bardstown PPC Buyer LLC (Bardstown Bourbon Company) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 1,860
Fair Value	[1],[9],[20],[24]	$ 2,497
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.26%
Shares/Units	[1],[20],[24]	14,777
Investment, Identifier [Axis]: Bardstown PPC Holdings LLC
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			7.75%
Interest rate	[6],[8]			13.18%
Par Amount	[6]			$ 9,300
Amortized Cost	[6]			9,154
Fair Value	[6],[10]			$ 9,154
Fair Value as % of Net Assets	[6],[12]			1.22%
Investment, Identifier [Axis]: Bardstown PPC Holdings LLC 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[18],[19]			$ 1,860
Fair Value	[6],[10],[18],[19]			$ 2,114
Fair Value as % of Net Assets	[6],[12],[18],[19]			0.28%
Shares/Units	[6],[18],[19]			14,777
Investment, Identifier [Axis]: Big Apple Advisory, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	3.50%
Interest rate	[1],[2],[4]	11%
Par Amount	[1],[2]	$ 4,305
Amortized Cost	[1],[2]	(21)
Fair Value	[1],[2],[9]	$ (41)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Big Apple Advisory, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	3.50%
Interest rate	[1],[2],[4]	11%
Par Amount	[1],[2]	$ 1,740
Amortized Cost	[1],[2]	(17)
Fair Value	[1],[2],[9]	$ (17)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Big Apple Advisory, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	3.50%
Interest rate	[1],[4]	11%
Par Amount	[1]	$ 8,955
Amortized Cost	[1]	8,866
Fair Value	[1],[9]	$ 8,869
Fair Value as % of Net Assets	[1],[11]	0.91%
Investment, Identifier [Axis]: Big Truck Rental 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			8%
Interest rate	[6],[8]			13.47%
Par Amount	[6]			$ 10,000
Amortized Cost	[6]			9,858
Fair Value	[6],[10]			$ 10,000
Fair Value as % of Net Assets	[6],[12]			1.34%
Investment, Identifier [Axis]: Big Truck Rental 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			8%
Interest rate	[6],[8]			13.47%
Par Amount	[6]			$ 2,500
Amortized Cost	[6]			2,500
Fair Value	[6],[10]			$ 2,500
Fair Value as % of Net Assets	[6],[12]			0.33%
Investment, Identifier [Axis]: BlackRock Liquidity Funds T-Fund - Institutional Class
Schedule of Investments [Line Items]
Interest rate		4.27%
Amortized Cost		$ 40,812
Fair Value	[9]	$ 40,812
Fair Value as % of Net Assets	[11]	4.20%
Shares/Units		40,811,529
Investment, Identifier [Axis]: BlackRock Liquidity Funds Treasury
Schedule of Investments [Line Items]
Interest rate	[8]			5.18%
Amortized Cost				$ 46,784
Fair Value	[10]			$ 46,784
Fair Value as % of Net Assets	[12]			6.26%
Shares/Units				46,784,000
Investment, Identifier [Axis]: BlueHalo Global Holdings, LLC (AEgis Technologies)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	6%
Interest rate	[1],[3],[4],[13]	10.41%
Par Amount	[1],[3],[13]	$ 19,949
Amortized Cost	[1],[3],[13]	19,888
Fair Value	[1],[3],[9],[13]	$ 19,852
Fair Value as % of Net Assets	[1],[3],[11],[13]	2.05%
Investment, Identifier [Axis]: Boardwalk Buyer LLC (Death Wish Coffee)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5%
Interest rate	[3],[4],[13],[14]	9.43%
Par Amount	[3],[13],[14]	$ 9,700
Amortized Cost	[3],[13],[14]	9,653
Fair Value	[3],[9],[13],[14]	$ 9,700
Fair Value as % of Net Assets	[3],[11],[13],[14]	1%
Investment, Identifier [Axis]: Boulder Scientific Company LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			10.04%
Par Amount	[7]			$ 2,064
Amortized Cost	[7]			2,073
Fair Value	[7],[10]			$ 1,996
Fair Value as % of Net Assets	[7],[12]			0.27%
Investment, Identifier [Axis]: Boulder Scientific Company, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.45%
Par Amount	[3]	$ 2,040
Amortized Cost	[3]	2,049
Fair Value	[3],[9]	$ 1,975
Fair Value as % of Net Assets	[3],[11]	0.20%
Investment, Identifier [Axis]: Bounteous (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5.25%
Interest rate	[6],[7],[8]			10.74%
Par Amount	[6],[7]			$ 2,768
Amortized Cost	[6],[7]			2,750
Fair Value	[6],[7],[10]			$ 2,631
Fair Value as % of Net Assets	[6],[7],[12]			0.35%
Investment, Identifier [Axis]: Bounteous (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.25%
Interest rate	[6],[8],[16]			10.74%
Par Amount	[6],[16]			$ 4,467
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (221)
Fair Value as % of Net Assets	[6],[12],[16]			(0.03%)
Investment, Identifier [Axis]: Bounteous 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.25%
Interest rate	[5],[6],[7],[8]			10.74%
Par Amount	[5],[6],[7]			$ 5,347
Amortized Cost	[5],[6],[7]			5,310
Fair Value	[5],[6],[7],[10]			$ 5,083
Fair Value as % of Net Assets	[5],[6],[7],[12]			0.68%
Investment, Identifier [Axis]: Bounteous 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5.25%
Interest rate	[6],[7],[8]			10.74%
Par Amount	[6],[7]			$ 2,189
Amortized Cost	[6],[7]			2,173
Fair Value	[6],[7],[10]			$ 2,080
Fair Value as % of Net Assets	[6],[7],[12]			0.28%
Investment, Identifier [Axis]: Bounteous, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	4.75%
Interest rate	[1],[4],[13]	9.36%
Par Amount	[1],[13]	$ 5,293
Amortized Cost	[1],[13]	5,266
Fair Value	[1],[9],[13]	$ 5,287
Fair Value as % of Net Assets	[1],[11],[13]	0.54%
Investment, Identifier [Axis]: Bounteous, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.36%
Par Amount	[1]	$ 2,166
Amortized Cost	[1]	2,155
Fair Value	[1],[9]	$ 2,164
Fair Value as % of Net Assets	[1],[11]	0.22%
Investment, Identifier [Axis]: Bounteous, Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.36%
Par Amount	[1]	$ 2,739
Amortized Cost	[1]	2,727
Fair Value	[1],[9]	$ 2,736
Fair Value as % of Net Assets	[1],[11]	0.28%
Investment, Identifier [Axis]: Bounteous, Inc. 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.36%
Par Amount	[1]	$ 3,541
Amortized Cost	[1]	3,541
Fair Value	[1],[9]	$ 3,537
Fair Value as % of Net Assets	[1],[11]	0.36%
Investment, Identifier [Axis]: Bridges Consumer Healthcare Intermediate LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.53%
Par Amount	[1],[2]	$ 2,760
Amortized Cost	[1],[2]	(14)
Fair Value	[1],[2],[9]	$ (27)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Bridges Consumer Healthcare Intermediate LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.25%
Interest rate	[1],[3],[4]	9.53%
Par Amount	[1],[3]	$ 5,814
Amortized Cost	[1],[3]	5,756
Fair Value	[1],[3],[9]	$ 5,756
Fair Value as % of Net Assets	[1],[3],[11]	0.59%
Investment, Identifier [Axis]: BroadcastMed Holdco, LLC
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			3.75%
Par Amount	[6]			$ 3,483
Amortized Cost	[6]			3,424
Fair Value	[6],[10]			$ 3,369
Fair Value as % of Net Assets	[6],[12]			0.45%
Investment, Identifier [Axis]: BroadcastMed Holdco, LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	3.75%
Par Amount	[1]	$ 3,615
Amortized Cost		3,568	[1]	$ 853	[6],[18]
Fair Value		$ 3,480	[1],[9]	$ 888	[6],[10],[18]
Fair Value as % of Net Assets		0.36%	[1],[11]	0.12%	[6],[12],[18]
Shares/Units	[6],[18]			56,899
Investment, Identifier [Axis]: BroadcastMed Holdco, LLC 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 853
Fair Value	[1],[9],[20]	$ 665
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	56,899
Investment, Identifier [Axis]: Buckeye Group Holdings, L.P. (JEGS Automotive) 3
Schedule of Investments [Line Items]
Amortized Cost	[1],[14],[20]	$ 402
Fair Value	[1],[9],[14],[20]	$ 399
Fair Value as % of Net Assets	[1],[11],[14],[20]	0.04%
Shares/Units	[1],[14],[20]	998,311
Investment, Identifier [Axis]: Buckeye Group Holdings, L.P. (JEGS Automotive) 4
Schedule of Investments [Line Items]
Amortized Cost	[1],[14],[20]	$ 404
Fair Value	[1],[9],[14],[20]	$ 404
Fair Value as % of Net Assets	[1],[11],[14],[20]	0.04%
Shares/Units	[1],[14],[20]	1,836,884
Investment, Identifier [Axis]: Buckeye Group Holdings, L.P. (JEGS Automotive) 5
Schedule of Investments [Line Items]
Amortized Cost	[1],[14],[20]	$ 0
Fair Value	[1],[9],[14],[20]	$ 0
Fair Value as % of Net Assets	[1],[11],[14],[20]	0%
Shares/Units	[1],[14],[20]	998,311
Investment, Identifier [Axis]: Bullhorn Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			5.75%
Interest rate	[5],[6],[7],[8],[15]			10.96%
Par Amount	[5],[6],[7],[15]			$ 13,706
Amortized Cost	[5],[6],[7],[15]			13,609
Fair Value	[5],[6],[7],[10],[15]			$ 13,706
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.83%
Investment, Identifier [Axis]: Bullhorn, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	5%
Interest rate	[1],[3],[4],[13],[14]	9.36%
Par Amount	[1],[3],[13],[14]	$ 13,671
Amortized Cost	[1],[3],[13],[14]	13,606
Fair Value	[1],[3],[9],[13],[14]	$ 13,808
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.42%
Investment, Identifier [Axis]: BusinesSolver
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			5.50%
Interest rate	[6],[7],[8],[15]			10.96%
Par Amount	[6],[7],[15]			$ 7,741
Amortized Cost	[6],[7],[15]			7,686
Fair Value	[6],[7],[10],[15]			$ 7,738
Fair Value as % of Net Assets	[6],[7],[12],[15]			1.03%
Investment, Identifier [Axis]: BusinesSolver (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.50%
Interest rate	[6],[8],[15],[16]			10.96%
Par Amount	[6],[15],[16]			$ 1,149
Amortized Cost	[6],[15],[16]			176
Fair Value	[6],[10],[15],[16]			$ 179
Fair Value as % of Net Assets	[6],[12],[15],[16]			0.02%
Investment, Identifier [Axis]: Businessolver.com, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.50%
Interest rate	[3],[4],[14]	9.93%
Par Amount	[3],[14]	$ 7,662
Amortized Cost	[3],[14]	7,621
Fair Value	[3],[9],[14]	$ 7,662
Fair Value as % of Net Assets	[3],[11],[14]	0.79%
Investment, Identifier [Axis]: Businessolver.com, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.50%
Interest rate	[1],[2],[4],[14]	9.93%
Par Amount	[1],[2],[14]	$ 1,146
Amortized Cost	[1],[2],[14]	271
Fair Value	[1],[2],[9],[14]	$ 274
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.03%
Investment, Identifier [Axis]: CDL Marketing Group, LLC (Career Now)
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4]	13%
Par Amount	[1]	$ 3,742
Amortized Cost	[1]	3,711
Fair Value	[1],[9]	$ 2,673
Fair Value as % of Net Assets	[1],[11]	0.28%
Investment, Identifier [Axis]: CDL Marketing Group, LLC (Career Now) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 624
Fair Value	[1],[9],[20]	$ 0
Fair Value as % of Net Assets	[1],[11],[20]	0%
Shares/Units	[1],[20]	624
Investment, Identifier [Axis]: CDL Marketing Group, LLC (Career Now) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 22
Fair Value	[1],[9],[20]	$ 0
Fair Value as % of Net Assets	[1],[11],[20]	0%
Shares/Units	[1],[20]	222
Investment, Identifier [Axis]: CLS Management Services, LLC (Contract Land Staff) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.33%
Par Amount	[3],[13]	$ 7,507
Amortized Cost	[3],[13]	7,437
Fair Value	[3],[9],[13]	$ 7,439
Fair Value as % of Net Assets	[3],[11],[13]	0.77%
Investment, Identifier [Axis]: CLS Management Services, LLC (Contract Land Staff) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.62%
Par Amount	[3]	$ 3,018
Amortized Cost	[3]	3,011
Fair Value	[3],[9]	$ 2,990
Fair Value as % of Net Assets	[3],[11]	0.31%
Investment, Identifier [Axis]: CLS Management Services, LLC (Contract Land Staff) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.62%
Par Amount	[1],[2]	$ 4,999
Amortized Cost	[1],[2]	(12)
Fair Value	[1],[2],[9]	$ (45)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: CMG HoldCo, LLC (Crete)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 249
Fair Value	[1],[9],[20]	$ 858
Fair Value as % of Net Assets	[1],[11],[20]	0.09%
Shares/Units	[1],[20]	24
Investment, Identifier [Axis]: CMP Ren Partners I-A LP (LMI Consulting, LLC)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 634
Fair Value	[1],[9],[20]	$ 1,104
Fair Value as % of Net Assets	[1],[11],[20]	0.11%
Shares/Units	[1],[20]	633,980
Investment, Identifier [Axis]: COP Exterminators Acquisition, Inc.
Schedule of Investments [Line Items]
Interest rate	[6],[8]			9%
Interest rate, PIK	[6],[8]			4%
Par Amount	[6]			$ 838
Amortized Cost	[6]			816
Fair Value	[6],[10]			$ 816
Fair Value as % of Net Assets	[6],[12]			0.11%
Investment, Identifier [Axis]: COP Exterminators Acquisition, Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			9%
Interest rate, PIK	[6],[8],[16]			4%
Par Amount	[6],[16]			$ 652
Amortized Cost	[6],[16]			(8)
Fair Value	[6],[10],[16]			$ (17)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: COP Exterminators Investment, LLC
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 1,117
Fair Value	[6],[10],[17],[18]			$ 1,163
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.16%
Shares/Units	[6],[17],[18]			997,000
Investment, Identifier [Axis]: CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	5%
Interest rate	[1],[4],[13],[14]	9.36%
Par Amount	[1],[13],[14]	$ 10,460
Amortized Cost	[1],[13],[14]	10,358
Fair Value	[1],[9],[13],[14]	$ 10,488
Fair Value as % of Net Assets	[1],[11],[13],[14]	1.08%
Investment, Identifier [Axis]: CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.36%
Par Amount	[1],[2],[14]	$ 2,615
Amortized Cost	[1],[2],[14]	(12)
Fair Value	[1],[2],[9],[14]	$ 7
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.36%
Par Amount	[1],[2],[14]	$ 1,925
Amortized Cost	[1],[2],[14]	848
Fair Value	[1],[2],[9],[14]	$ 872
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.09%
Investment, Identifier [Axis]: Caldwell & Gregory LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	9.25%
Interest rate, PIK	[1],[4]	13.86%
Par Amount	[1]	$ 1,035
Amortized Cost	[1]	1,016
Fair Value	[1],[9]	$ 1,034
Fair Value as % of Net Assets	[1],[11]	0.11%
Investment, Identifier [Axis]: Calienger Acquisition, L.L.C. (Wpromote, LLC)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.40%
Par Amount	[3]	$ 4,335
Amortized Cost	[3]	4,273
Fair Value	[3],[9]	$ 4,339
Fair Value as % of Net Assets	[3],[11]	0.45%
Investment, Identifier [Axis]: Career Now
Schedule of Investments [Line Items]
Interest rate, PIK	[6],[8]			13%
Par Amount	[6]			$ 3,277
Amortized Cost	[6]			3,237
Fair Value	[6],[10]			$ 2,425
Fair Value as % of Net Assets	[6],[12]			0.32%
Investment, Identifier [Axis]: Career Now 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 22
Fair Value	[6],[10],[17],[18]			$ 0
Fair Value as % of Net Assets	[6],[12],[17],[18]			0%
Shares/Units	[6],[17],[18]			222
Investment, Identifier [Axis]: Career Now 2
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 624
Fair Value	[6],[10],[17],[18]			$ 0
Fair Value as % of Net Assets	[6],[12],[17],[18]			0%
Shares/Units	[6],[17],[18]			624
Investment, Identifier [Axis]: Cedar Services Group, LLC (Evergreen Services Group II) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	5.50%
Interest rate	[1],[3],[4],[14]	9.83%
Par Amount	[1],[3],[14]	$ 15,994
Amortized Cost	[1],[3],[14]	15,780
Fair Value	[1],[3],[9],[14]	$ 15,994
Fair Value as % of Net Assets	[1],[3],[11],[14]	1.65%
Investment, Identifier [Axis]: Cedar Services Group, LLC (Evergreen Services Group II) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.50%
Interest rate	[1],[4],[14]	9.83%
Par Amount	[1],[14]	$ 12,931
Amortized Cost	[1],[14]	12,903
Fair Value	[1],[9],[14]	$ 12,931
Fair Value as % of Net Assets	[1],[11],[14]	1.33%
Investment, Identifier [Axis]: Chroma Color Corporation (dba Chroma Color)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6%
Interest rate	[5],[7],[8]			11.41%
Par Amount	[5],[7]			$ 6,314
Amortized Cost	[5],[7]			6,197
Fair Value	[5],[7],[10]			$ 6,199
Fair Value as % of Net Assets	[5],[7],[12]			0.83%
Investment, Identifier [Axis]: Chroma Color Corporation (dba Chroma Color) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.41%
Par Amount	[6],[16]			$ 1,379
Amortized Cost	[6],[16]			(12)
Fair Value	[6],[10],[16]			$ (25)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Chroma Color Corporation 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	6%
Interest rate	[3],[4]	10.63%
Par Amount	[3]	$ 6,250
Amortized Cost	[3]	6,153
Fair Value	[3],[9]	$ 6,205
Fair Value as % of Net Assets	[3],[11]	0.64%
Investment, Identifier [Axis]: Chroma Color Corporation 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	6%
Interest rate	[1],[4]	10.35%
Par Amount	[1]	$ 1,379
Amortized Cost	[1]	1,370
Fair Value	[1],[9]	$ 1,369
Fair Value as % of Net Assets	[1],[11]	0.14%
Investment, Identifier [Axis]: Classic Collision (Delayed Draw) (Incremental Tranche A-4)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.29%
Par Amount	[6],[16]			$ 25,225
Amortized Cost	[6],[16]			3,304
Fair Value	[6],[10],[16]			$ 3,016
Fair Value as % of Net Assets	[6],[12],[16]			0.40%
Investment, Identifier [Axis]: Classic Collision (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.75%
Interest rate	[5],[6],[7],[8]			11.29%
Par Amount	[5],[6],[7]			$ 6,941
Amortized Cost	[5],[6],[7]			6,941
Fair Value	[5],[6],[7],[10]			$ 6,847
Fair Value as % of Net Assets	[5],[6],[7],[12]			0.92%
Investment, Identifier [Axis]: Classic Collision (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5.75%
Interest rate	[6],[7],[8]			11.29%
Par Amount	[6],[7]			$ 7,751
Amortized Cost	[6],[7]			7,707
Fair Value	[6],[7],[10]			$ 7,646
Fair Value as % of Net Assets	[6],[7],[12]			1.02%
Investment, Identifier [Axis]: Clean Solutions Buyer, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.50%
Interest rate	[3],[4]	8.86%
Par Amount	[3]	$ 998
Amortized Cost	[3]	988
Fair Value	[3],[9]	$ 988
Fair Value as % of Net Assets	[3],[11]	0.10%
Investment, Identifier [Axis]: Cobalt Service Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.08%
Par Amount	[1],[2],[14]	$ 3,165
Amortized Cost	[1],[2],[14]	137
Fair Value	[1],[2],[9],[14]	$ 123
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.01%
Investment, Identifier [Axis]: Cobalt Service Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	4.75%
Interest rate	[3],[4],[14]	9.08%
Par Amount	[3],[14]	$ 1,835
Amortized Cost	[3],[14]	1,817
Fair Value	[3],[9],[14]	$ 1,818
Fair Value as % of Net Assets	[3],[11],[14]	0.19%
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	5%
Interest rate	[1],[4],[13],[14]	9.25%
Par Amount	[1],[13],[14]	$ 12,288
Amortized Cost	[1],[13],[14]	12,207
Fair Value	[1],[9],[13],[14]	$ 12,193
Fair Value as % of Net Assets	[1],[11],[13],[14]	1.25%
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.43%
Par Amount	[1],[2],[14]	$ 1,872
Amortized Cost	[1],[2],[14]	(4)
Fair Value	[1],[2],[9],[14]	$ (14)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.43%
Par Amount	[1],[2],[14]	$ 1,246
Amortized Cost	[1],[2],[14]	1,079
Fair Value	[1],[2],[9],[14]	$ 1,081
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.11%
Investment, Identifier [Axis]: Coding Solutions Acquisitions
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.75%
Interest rate	[7],[8],[15]			11.11%
Par Amount	[7],[15]			$ 6,432
Amortized Cost	[7],[15]			6,380
Fair Value	[7],[10],[15]			$ 6,304
Fair Value as % of Net Assets	[7],[12],[15]			0.84%
Investment, Identifier [Axis]: Coding Solutions Acquisitions (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.75%
Interest rate	[6],[8],[15]			11.11%
Par Amount	[6],[15]			$ 1,966
Amortized Cost	[6],[15]			1,966
Fair Value	[6],[10],[15]			$ 1,927
Fair Value as % of Net Assets	[6],[12],[15]			0.26%
Investment, Identifier [Axis]: Cohen Advisory, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.50%
Interest rate	[1],[2],[4]	8.83%
Par Amount	[1],[2]	$ 4,825
Amortized Cost	[1],[2]	(24)
Fair Value	[1],[2],[9]	$ (48)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Cohen Advisory, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.50%
Interest rate	[1],[4]	8.83%
Par Amount	[1]	$ 8,685
Amortized Cost	[1]	8,599
Fair Value	[1],[9]	$ 8,599
Fair Value as % of Net Assets	[1],[11]	0.88%
Investment, Identifier [Axis]: Collision Right (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8]			9%
Interest rate, PIK	[6],[8]			3.75%
Par Amount	[6]			$ 996
Amortized Cost	[6]			985
Fair Value	[6],[10]			$ 968
Fair Value as % of Net Assets	[6],[12]			0.13%
Investment, Identifier [Axis]: Collision Right 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.25%
Interest rate	[5],[6],[7],[8]			10.50%
Par Amount	[5],[6],[7]			$ 5,294
Amortized Cost	[5],[6],[7]			5,269
Fair Value	[5],[6],[7],[10]			$ 5,282
Fair Value as % of Net Assets	[5],[6],[7],[12]			0.71%
Investment, Identifier [Axis]: Collision Right 2
Schedule of Investments [Line Items]
Interest rate	[6],[8]			9%
Interest rate, PIK	[6],[8]			3.75%
Par Amount	[6]			$ 1,411
Amortized Cost	[6]			1,380
Fair Value	[6],[10]			$ 1,371
Fair Value as % of Net Assets	[6],[12]			0.18%
Investment, Identifier [Axis]: Commercial Bakeries Corp. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[24]	5.50%
Interest rate	[1],[3],[4],[24]	9.83%
Par Amount	[1],[3],[24]	$ 17,109
Amortized Cost	[1],[3],[24]	16,829
Fair Value	[1],[3],[9],[24]	$ 16,905
Fair Value as % of Net Assets	[1],[3],[11],[24]	1.74%
Investment, Identifier [Axis]: Commercial Bakeries Corp. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[24]	5.50%
Interest rate	[3],[4],[24]	9.99%
Par Amount	[3],[24]	$ 2,024
Amortized Cost	[3],[24]	2,009
Fair Value	[3],[9],[24]	$ 2,000
Fair Value as % of Net Assets	[3],[11],[24]	0.21%
Investment, Identifier [Axis]: Concord FG Holdings, LP (E78)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 860
Fair Value	[1],[9],[20],[24]	$ 921
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.10%
Shares/Units	[1],[20],[24]	816
Investment, Identifier [Axis]: Conversion Holdings, L.P. (Specialized Packaging Group)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 148
Fair Value	[1],[9],[20],[24]	$ 165
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.02%
Shares/Units	[1],[20],[24]	147,708
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.07%
Par Amount	[7]			$ 210
Amortized Cost	[7]			210
Fair Value	[7],[10]			$ 210
Fair Value as % of Net Assets	[7],[12]			0.03%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.07%
Par Amount	[7]			$ 308
Amortized Cost	[7]			306
Fair Value	[7],[10]			$ 308
Fair Value as % of Net Assets	[7],[12]			0.04%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.07%
Par Amount	[7]			$ 2,295
Amortized Cost	[7]			2,283
Fair Value	[7],[10]			$ 2,295
Fair Value as % of Net Assets	[7],[12]			0.31%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	9.85%
Par Amount	[3]	$ 305
Amortized Cost	[3]	304
Fair Value	[3],[9]	$ 305
Fair Value as % of Net Assets	[3],[11]	0.03%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	9.85%
Par Amount	[3]	$ 2,271
Amortized Cost	[3]	2,263
Fair Value	[3],[9]	$ 2,271
Fair Value as % of Net Assets	[3],[11]	0.23%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	9.85%
Par Amount	[3]	$ 208
Amortized Cost	[3]	208
Fair Value	[3],[9]	$ 208
Fair Value as % of Net Assets	[3],[11]	0.02%
Investment, Identifier [Axis]: Cornerstone Advisors of Arizona, LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	9.85%
Par Amount	[3]	$ 3,423
Amortized Cost	[3]	3,399
Fair Value	[3],[9]	$ 3,423
Fair Value as % of Net Assets	[3],[11]	0.35%
Investment, Identifier [Axis]: Corporate Visions 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			9.96%
Par Amount	[7]			$ 2,887
Amortized Cost	[7]			2,867
Fair Value	[7],[10]			$ 2,752
Fair Value as % of Net Assets	[7],[12]			0.37%
Investment, Identifier [Axis]: Corporate Visions 2
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			9.96%
Par Amount	[7]			$ 2,538
Amortized Cost	[7]			2,509
Fair Value	[7],[10]			$ 2,419
Fair Value as % of Net Assets	[7],[12]			0.32%
Investment, Identifier [Axis]: Corporate Visions, Inc. (CVI Parent, Inc.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	1%
Interest rate	[3],[4]	5.43%
Interest rate, PIK	[3],[4]	4%
Par Amount	[3]	$ 2,583
Amortized Cost	[3]	2,562
Fair Value	[3],[9]	$ 2,107
Fair Value as % of Net Assets	[3],[11]	0.22%
Investment, Identifier [Axis]: Corporate Visions, Inc. (CVI Parent, Inc.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	1%
Interest rate	[3],[4]	5.43%
Interest rate, PIK	[3],[4]	4%
Par Amount	[3]	$ 2,939
Amortized Cost	[3]	2,924
Fair Value	[3],[9]	$ 2,398
Fair Value as % of Net Assets	[3],[11]	0.25%
Investment, Identifier [Axis]: Covercraft
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			0.75%
Par Amount	[6]			$ 7,478
Amortized Cost	[6]			7,373
Fair Value	[6],[10]			$ 6,892
Fair Value as % of Net Assets	[6],[12]			0.92%
Investment, Identifier [Axis]: Covercraft (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			0.75%
Par Amount	[6],[16]			$ 4,386
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (344)
Fair Value as % of Net Assets	[6],[12],[16]			(0.04%)
Investment, Identifier [Axis]: Covercraft 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 768
Fair Value	[6],[10],[17],[18]			$ 357
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.05%
Shares/Units	[6],[17],[18]			768
Investment, Identifier [Axis]: Covercraft Parent III, Inc.
Schedule of Investments [Line Items]
Interest rate	[1]	10%
Interest rate, PIK	[1]	0.75%
Par Amount	[1]	$ 7,534
Amortized Cost	[1]	7,454
Fair Value	[1],[9]	$ 6,701
Fair Value as % of Net Assets	[1],[11]	0.69%
Investment, Identifier [Axis]: Covercraft Parent III, Inc. 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 768
Fair Value	[1],[9],[20]	$ 86
Fair Value as % of Net Assets	[1],[11],[20]	0.01%
Shares/Units	[1],[20]	768
Investment, Identifier [Axis]: Crete Mechanical Group
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5%
Interest rate	[7],[8]			10.37%
Par Amount	[7]			$ 4,823
Amortized Cost	[7]			4,785
Fair Value	[7],[10]			$ 4,708
Fair Value as % of Net Assets	[7],[12]			0.63%
Investment, Identifier [Axis]: Crete Mechanical Group (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5%
Interest rate	[7],[8]			10.37%
Par Amount	[7]			$ 2,846
Amortized Cost	[7]			2,807
Fair Value	[7],[10]			$ 2,778
Fair Value as % of Net Assets	[7],[12]			0.37%
Investment, Identifier [Axis]: Crete Mechanical Group (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5%
Interest rate	[6],[8],[16]			10.37%
Par Amount	[6],[16]			$ 7,153
Amortized Cost	[6],[16]			5,710
Fair Value	[6],[10],[16]			$ 5,539
Fair Value as % of Net Assets	[6],[12],[16]			0.74%
Investment, Identifier [Axis]: Crete Mechanical Group 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 230
Fair Value	[6],[10],[17],[18]			$ 534
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.07%
Shares/Units	[6],[17],[18]			23
Investment, Identifier [Axis]: CrossCountry Consulting
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.21%
Par Amount	[5],[7],[15]			$ 8,174
Amortized Cost	[5],[7],[15]			8,037
Fair Value	[5],[7],[10],[15]			$ 8,217
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.10%
Investment, Identifier [Axis]: CrossCountry Consulting (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.75%
Interest rate	[6],[8],[15],[16]			11.21%
Par Amount	[6],[15],[16]			$ 3,320
Amortized Cost	[6],[15],[16]			(26)
Fair Value	[6],[10],[15],[16]			$ 17
Fair Value as % of Net Assets	[6],[12],[15],[16]			0%
Investment, Identifier [Axis]: D&H United Fueling Solutions
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			11.03%
Par Amount	[5],[7]			$ 7,491
Amortized Cost	[5],[7]			7,368
Fair Value	[5],[7],[10]			$ 7,290
Fair Value as % of Net Assets	[5],[7],[12]			0.97%
Investment, Identifier [Axis]: D&H United Fueling Solutions (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.50%
Interest rate	[7],[8]			11.03%
Par Amount	[7]			$ 2,384
Amortized Cost	[7]			2,365
Fair Value	[7],[10]			$ 2,320
Fair Value as % of Net Assets	[7],[12]			0.31%
Investment, Identifier [Axis]: D&H United Fueling Solutions (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.50%
Par Amount	[6],[16]			$ 1,567
Amortized Cost	[6],[16]			(7)
Fair Value	[6],[10],[16]			$ (13)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: D&H United Fueling Solutions (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6%
Interest rate	[5],[7],[8]			11.50%
Par Amount	[5],[7]			$ 3,465
Amortized Cost	[5],[7]			3,401
Fair Value	[5],[7],[10]			$ 3,436
Fair Value as % of Net Assets	[5],[7],[12]			0.46%
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.50%
Par Amount	[3],[13]	$ 7,415
Amortized Cost	[3],[13]	7,315
Fair Value	[3],[9],[13]	$ 7,342
Fair Value as % of Net Assets	[3],[11],[13]	0.76%
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.62%
Par Amount	[3]	$ 2,360
Amortized Cost	[3]	2,345
Fair Value	[3],[9]	$ 2,337
Fair Value as % of Net Assets	[3],[11]	0.24%
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.81%
Par Amount	[3]	$ 1,555
Amortized Cost	[3]	1,550
Fair Value	[3],[9]	$ 1,540
Fair Value as % of Net Assets	[3],[11]	0.16%
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.48%
Par Amount	[3],[13]	$ 3,431
Amortized Cost	[3],[13]	3,377
Fair Value	[3],[9],[13]	$ 3,397
Fair Value as % of Net Assets	[3],[11],[13]	0.35%
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) 5
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.50%
Interest rate	[1],[2],[4],[14]	9.72%
Par Amount	[1],[2],[14]	$ 5,141
Amortized Cost	[1],[2],[14]	4,318
Fair Value	[1],[2],[9],[14]	$ 4,290
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.44%
Investment, Identifier [Axis]: DMC HoldCo LLC (DMC Power)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6%
Interest rate	[5],[6],[7],[8]			11.39%
Par Amount	[5],[6],[7]			$ 5,000
Amortized Cost	[5],[6],[7]			4,927
Fair Value	[5],[6],[7],[10]			$ 4,981
Fair Value as % of Net Assets	[5],[6],[7],[12]			0.67%
Investment, Identifier [Axis]: DMC HoldCo LLC (DMC Power) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.39%
Par Amount	[6],[16]			$ 1,671
Amortized Cost	[6],[16]			(4)
Fair Value	[6],[10],[16]			$ (7)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: DMC Holdco, LLC (DMC Power) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.15%
Par Amount	[3]	$ 4,950
Amortized Cost	[3]	4,889
Fair Value	[3],[9]	$ 4,979
Fair Value as % of Net Assets	[3],[11]	0.51%
Investment, Identifier [Axis]: DMC Holdco, LLC (DMC Power) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.75%
Interest rate	[1],[2],[4]	10.15%
Par Amount	[1],[2]	$ 1,671
Amortized Cost	[1],[2]	(3)
Fair Value	[1],[2],[9]	$ 10
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Davidson Hotel Company LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[2],[4]	9.36%
Par Amount	[1],[2]	$ 1,052
Amortized Cost	[1],[2]	(3)
Fair Value	[1],[2],[9]	$ (10)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Davidson Hotel Company LLC 2
Schedule of Investments [Line Items]
Interest rate	[3],[4]	9.36%
Par Amount	[3]	$ 3,156
Amortized Cost	[3]	3,125
Fair Value	[3],[9]	$ 3,126
Fair Value as % of Net Assets	[3],[11]	0.32%
Investment, Identifier [Axis]: Death Wish Coffee
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			4.75%
Interest rate	[5],[7],[8],[15]			10.20%
Par Amount	[5],[7],[15]			$ 9,800
Amortized Cost	[5],[7],[15]			9,739
Fair Value	[5],[7],[10],[15]			$ 9,800
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.31%
Investment, Identifier [Axis]: Dermatology Intermediate Holdings III, Inc. (Forefront Dermatology)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14],[23]	4.25%
Interest rate	[3],[4],[14],[23]	8.84%
Par Amount	[3],[14],[23]	$ 3,281
Amortized Cost	[3],[14],[23]	3,242
Fair Value	[3],[9],[14],[23]	$ 3,174
Fair Value as % of Net Assets	[3],[11],[14],[23]	0.33%
Investment, Identifier [Axis]: Dessert Holdings
Schedule of Investments [Line Items]
Spread above reference rate	[8]			7.25%
Interest rate	[8]			12.72%
Par Amount				$ 9,000
Amortized Cost				8,874
Fair Value	[10]			$ 7,628
Fair Value as % of Net Assets	[12]			1.02%
Investment, Identifier [Axis]: Diligent Corporation (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			6.25%
Interest rate	[6],[8],[15]			11.78%
Par Amount	[6],[15]			$ 168
Amortized Cost	[6],[15]			168
Fair Value	[6],[10],[15]			$ 166
Fair Value as % of Net Assets	[6],[12],[15]			0.02%
Investment, Identifier [Axis]: Diligent Corporation (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			6.25%
Interest rate	[6],[8],[15]			11.78%
Par Amount	[6],[15]			$ 106
Amortized Cost	[6],[15]			106
Fair Value	[6],[10],[15]			$ 105
Fair Value as % of Net Assets	[6],[12],[15]			0.01%
Investment, Identifier [Axis]: Diligent Corporation (fka Diamond Merger Sub II, Corp.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	10.09%
Par Amount	[1],[2],[14]	$ 3,830
Amortized Cost	[1],[2],[14]	(17)
Fair Value	[1],[2],[9],[14]	$ 25
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Diligent Corporation (fka Diamond Merger Sub II, Corp.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	5%
Interest rate	[1],[4],[13],[14]	10.09%
Par Amount	[1],[13],[14]	$ 3,830
Amortized Cost	[1],[13],[14]	3,811
Fair Value	[1],[9],[13],[14]	$ 3,855
Fair Value as % of Net Assets	[1],[11],[13],[14]	0.40%
Investment, Identifier [Axis]: Diligent Corporation (fka Diamond Merger Sub II, Corp.) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	5%
Interest rate	[1],[4],[13],[14]	10.09%
Par Amount	[1],[13],[14]	$ 22,340
Amortized Cost	[1],[13],[14]	22,230
Fair Value	[1],[9],[13],[14]	$ 22,489
Fair Value as % of Net Assets	[1],[11],[13],[14]	2.32%
Investment, Identifier [Axis]: Diligent Corporation 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			6.25%
Interest rate	[6],[7],[8],[15]			11.78%
Par Amount	[6],[7],[15]			$ 12,469
Amortized Cost	[6],[7],[15]			12,451
Fair Value	[6],[7],[10],[15]			$ 12,366
Fair Value as % of Net Assets	[6],[7],[12],[15]			1.65%
Investment, Identifier [Axis]: Diligent Corporation 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[15]			5.75%
Interest rate	[5],[6],[8],[15]			11.28%
Par Amount	[5],[6],[15]			$ 3,387
Amortized Cost	[5],[6],[15]			3,372
Fair Value	[5],[6],[10],[15]			$ 3,334
Fair Value as % of Net Assets	[5],[6],[12],[15]			0.45%
Investment, Identifier [Axis]: Diligent Corporation 3
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.75%
Interest rate	[6],[8],[15]			11.28%
Par Amount	[6],[15]			$ 1,476
Amortized Cost	[6],[15]			1,469
Fair Value	[6],[10],[15]			$ 1,453
Fair Value as % of Net Assets	[6],[12],[15]			0.19%
Investment, Identifier [Axis]: E-Tech Holdings partnership, L.P. (E-Technologies Group, Inc.)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 1,000
Fair Value	[1],[9],[20]	$ 714
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	1,000,000
Investment, Identifier [Axis]: E78 (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.75%
Interest rate	[5],[7],[8]			11.21%
Par Amount	[5],[7]			$ 4,210
Amortized Cost	[5],[7]			4,180
Fair Value	[5],[7],[10]			$ 4,127
Fair Value as % of Net Assets	[5],[7],[12]			0.55%
Investment, Identifier [Axis]: E78 (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.21%
Par Amount	[6],[16]			$ 3,550
Amortized Cost	[6],[16]			979
Fair Value	[6],[10],[16]			$ 909
Fair Value as % of Net Assets	[6],[12],[16]			0.12%
Investment, Identifier [Axis]: E78 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.75%
Interest rate	[7],[8]			11.21%
Par Amount	[7]			$ 5,600
Amortized Cost	[7]			5,560
Fair Value	[7],[10]			$ 5,489
Fair Value as % of Net Assets	[7],[12]			0.74%
Investment, Identifier [Axis]: E78 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5.75%
Interest rate	[5],[8]			11.21%
Par Amount	[5]			$ 1,438
Amortized Cost	[5]			1,426
Fair Value	[5],[10]			$ 1,409
Fair Value as % of Net Assets	[5],[12]			0.19%
Investment, Identifier [Axis]: E78 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 860
Fair Value	[6],[10],[17],[18]			$ 835
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.11%
Shares/Units	[6],[17],[18]			816
Investment, Identifier [Axis]: EFC Holdings, LLC
Schedule of Investments [Line Items]
Interest rate	[6],[8]			11%
Interest rate, PIK	[6],[8]			2.50%
Par Amount	[6]			$ 3,167
Amortized Cost	[6]			3,083
Fair Value	[6],[10]			$ 3,137
Fair Value as % of Net Assets	[6],[12]			0.42%
Investment, Identifier [Axis]: EFC Holdings, LLC (EFC International) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 60
Fair Value	[1],[9],[20],[24]	$ 129
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.01%
Shares/Units	[1],[20],[24]	148
Investment, Identifier [Axis]: EFC Holdings, LLC (EFC International) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 148
Fair Value	[1],[9],[20],[24]	$ 172
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.02%
Shares/Units	[1],[20],[24]	148
Investment, Identifier [Axis]: EFC Holdings, LLC 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 60
Fair Value	[6],[10],[17],[18],[19]			$ 113
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.02%
Shares/Units	[6],[17],[18],[19]			148
Investment, Identifier [Axis]: EFC Holdings, LLC 2
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 148
Fair Value	[6],[10],[17],[18],[19]			$ 158
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.02%
Shares/Units	[6],[17],[18],[19]			148
Investment, Identifier [Axis]: ERA Industries, LLC (BTX Precision) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.36%
Par Amount	[1]	$ 1,567
Amortized Cost	[1]	1,548
Fair Value	[1],[9]	$ 1,549
Fair Value as % of Net Assets	[1],[11]	0.16%
Investment, Identifier [Axis]: ERA Industries, LLC (BTX Precision) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.43%
Par Amount	[1],[2]	$ 898
Amortized Cost	[1],[2]	743
Fair Value	[1],[2],[9]	$ 735
Fair Value as % of Net Assets	[1],[2],[11]	0.08%
Investment, Identifier [Axis]: EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	5.50%
Interest rate	[1],[3],[4],[13],[14]	9.86%
Par Amount	[1],[3],[13],[14]	$ 10,560
Amortized Cost	[1],[3],[13],[14]	10,465
Fair Value	[1],[3],[9],[13],[14]	$ 10,464
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.07%
Investment, Identifier [Axis]: EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.50%
Interest rate	[1],[2],[4],[14]	9.86%
Par Amount	[1],[2],[14]	$ 3,040
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (28)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.50%
Interest rate	[1],[4]	9.96%
Par Amount	[1]	$ 5,543
Amortized Cost	[1]	5,511
Fair Value	[1],[9]	$ 5,543
Fair Value as % of Net Assets	[1],[11]	0.57%
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) 2
Schedule of Investments [Line Items]
Spread above reference rate	[4]	5.50%
Interest rate	[4]	9.96%
Par Amount		$ 1,423
Amortized Cost		1,414
Fair Value	[9]	$ 1,423
Fair Value as % of Net Assets	[11]	0.15%
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	10.05%
Par Amount	[1],[2]	$ 15,233
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ 0
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.50%
Interest rate	[1],[4]	9.96%
Par Amount	[1]	$ 4,168
Amortized Cost	[1]	4,144
Fair Value	[1],[9]	$ 4,168
Fair Value as % of Net Assets	[1],[11]	0.43%
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) 5
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	9.97%
Par Amount	[1],[2]	$ 3,524
Amortized Cost	[1],[2]	3,118
Fair Value	[1],[2],[9]	$ 3,118
Fair Value as % of Net Assets	[1],[2],[11]	0.32%
Investment, Identifier [Axis]: Elevation Labs
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.75%
Interest rate	[5],[7],[8]			11.23%
Par Amount	[5],[7]			$ 6,789
Amortized Cost	[5],[7]			6,733
Fair Value	[5],[7],[10]			$ 6,335
Fair Value as % of Net Assets	[5],[7],[12]			0.85%
Investment, Identifier [Axis]: Elevation Labs (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.23%
Par Amount	[6],[16]			$ 3,125
Amortized Cost	[6],[16]			(24)
Fair Value	[6],[10],[16]			$ (209)
Fair Value as % of Net Assets	[6],[12],[16]			(0.03%)
Investment, Identifier [Axis]: Eliassen Group LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			5.50%
Interest rate	[5],[6],[7],[8],[15]			10.85%
Par Amount	[5],[6],[7],[15]			$ 12,069
Amortized Cost	[5],[6],[7],[15]			11,976
Fair Value	[5],[6],[7],[10],[15]			$ 12,083
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.62%
Investment, Identifier [Axis]: Eliassen Group LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.50%
Interest rate	[6],[8],[15],[16]			10.85%
Par Amount	[6],[15],[16]			$ 2,771
Amortized Cost	[6],[15],[16]			864
Fair Value	[6],[10],[15],[16]			$ 872
Fair Value as % of Net Assets	[6],[12],[15],[16]			0.11%
Investment, Identifier [Axis]: Eliassen Group, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.75%
Interest rate	[3],[4],[13],[14]	10.08%
Par Amount	[3],[13],[14]	$ 11,947
Amortized Cost	[3],[13],[14]	11,871
Fair Value	[3],[9],[13],[14]	$ 11,947
Fair Value as % of Net Assets	[3],[11],[13],[14]	1.23%
Investment, Identifier [Axis]: Eliassen Group, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.30%
Par Amount	[3],[14]	$ 860
Amortized Cost	[3],[14]	859
Fair Value	[3],[9],[14]	$ 860
Fair Value as % of Net Assets	[3],[11],[14]	0.09%
Investment, Identifier [Axis]: Empower Brands Franchising, LLC (f/k/a Lynx Franchising LLC) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6.25%
Interest rate	[3],[4],[14]	10.75%
Par Amount	[3],[14]	$ 9,700
Amortized Cost	[3],[14]	9,637
Fair Value	[3],[9],[14]	$ 9,700
Fair Value as % of Net Assets	[3],[11],[14]	1%
Investment, Identifier [Axis]: Empower Brands Franchising, LLC (f/k/a Lynx Franchising LLC) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	6.75%
Interest rate	[1],[4],[13],[14]	11.25%
Par Amount	[1],[13],[14]	$ 6,723
Amortized Cost	[1],[13],[14]	6,613
Fair Value	[1],[9],[13],[14]	$ 6,794
Fair Value as % of Net Assets	[1],[11],[13],[14]	0.70%
Investment, Identifier [Axis]: Engineered Fastener Company, LLC (EFC International)
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Interest rate, PIK	[1],[4]	2.50%
Par Amount	[1]	$ 3,269
Amortized Cost	[1]	3,199
Fair Value	[1],[9]	$ 3,266
Fair Value as % of Net Assets	[1],[11]	0.34%
Investment, Identifier [Axis]: Ensono, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[23]	4%
Interest rate	[1],[3],[4],[23]	8.47%
Par Amount	[1],[3],[23]	$ 14,081
Amortized Cost	[1],[3],[23]	14,046
Fair Value	[1],[3],[9],[23]	$ 14,095
Fair Value as % of Net Assets	[1],[3],[11],[23]	1.45%
Investment, Identifier [Axis]: Entomo Brands Acquisitions, Inc. (Palmetto Exterminators)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 1,117
Fair Value	[1],[9],[20]	$ 1,026
Fair Value as % of Net Assets	[1],[11],[20]	0.11%
Shares/Units	[1],[20]	997,000
Investment, Identifier [Axis]: Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	9%
Interest rate, PIK	[1],[4]	4%
Par Amount	[1]	$ 872
Amortized Cost	[1]	853
Fair Value	[1],[9]	$ 845
Fair Value as % of Net Assets	[1],[11]	0.09%
Investment, Identifier [Axis]: Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	9%
Interest rate, PIK	[1],[4]	4%
Par Amount	[1]	$ 666
Amortized Cost	[1]	659
Fair Value	[1],[9]	$ 645
Fair Value as % of Net Assets	[1],[11]	0.07%
Investment, Identifier [Axis]: Erie Construction
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			4.75%
Interest rate	[5],[7],[8]			10.21%
Par Amount	[5],[7]			$ 10,153
Amortized Cost	[5],[7]			10,083
Fair Value	[5],[7],[10]			$ 10,153
Fair Value as % of Net Assets	[5],[7],[12]			1.36%
Investment, Identifier [Axis]: Erie Construction 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[18]			$ 166
Fair Value	[6],[10],[18]			$ 606
Fair Value as % of Net Assets	[6],[12],[18]			0.08%
Shares/Units	[6],[18]			166
Investment, Identifier [Axis]: Erie Construction Mid-West, LLC (Erie Construction)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.75%
Interest rate	[3],[4],[13]	10.09%
Par Amount	[3],[13]	$ 9,604
Amortized Cost	[3],[13]	9,554
Fair Value	[3],[9],[13]	$ 9,604
Fair Value as % of Net Assets	[3],[11],[13]	0.99%
Investment, Identifier [Axis]: Erie Construction, LLC (Erie Construction)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 166
Fair Value	[1],[9],[20],[24]	$ 535
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.06%
Shares/Units	[1],[20],[24]	166
Investment, Identifier [Axis]: Esquire Deposition Solutions, LLC
Schedule of Investments [Line Items]
Interest rate, PIK	[1],[4]	14%
Par Amount	[1]	$ 1,800
Amortized Cost	[1]	1,760
Fair Value	[1],[9]	$ 1,765
Fair Value as % of Net Assets	[1],[11]	0.18%
Investment, Identifier [Axis]: Evergreen Services Group
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6.25%
Interest rate	[5],[6],[7],[8],[15]			11.70%
Par Amount	[5],[6],[7],[15]			$ 11,966
Amortized Cost	[5],[6],[7],[15]			11,766
Fair Value	[5],[6],[7],[10],[15]			$ 11,733
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.57%
Investment, Identifier [Axis]: Evergreen Services Group (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			6.25%
Interest rate	[6],[8],[15]			11.70%
Par Amount	[6],[15]			$ 2,863
Amortized Cost	[6],[15]			2,839
Fair Value	[6],[10],[15]			$ 2,807
Fair Value as % of Net Assets	[6],[12],[15]			0.38%
Investment, Identifier [Axis]: Evergreen Services Group II
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6%
Interest rate	[5],[6],[7],[8],[15]			11.35%
Par Amount	[5],[6],[7],[15]			$ 16,156
Amortized Cost	[5],[6],[7],[15]			15,917
Fair Value	[5],[6],[7],[10],[15]			$ 15,926
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			2.13%
Investment, Identifier [Axis]: Evergreen Services Group II (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			6%
Interest rate	[6],[8],[15],[16]			11.35%
Par Amount	[6],[15],[16]			$ 13,014
Amortized Cost	[6],[15],[16]			8,495
Fair Value	[6],[10],[15],[16]			$ 8,342
Fair Value as % of Net Assets	[6],[12],[15],[16]			1.11%
Investment, Identifier [Axis]: Excel Fitness
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.25%
Interest rate	[5],[7],[8]			10.75%
Par Amount	[5],[7]			$ 9,875
Amortized Cost	[5],[7]			9,778
Fair Value	[5],[7],[10]			$ 9,616
Fair Value as % of Net Assets	[5],[7],[12]			1.29%
Investment, Identifier [Axis]: Excel Fitness Holdings, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.25%
Interest rate	[3],[4],[13]	9.58%
Par Amount	[3],[13]	$ 9,850
Amortized Cost	[3],[13]	9,766
Fair Value	[3],[9],[13]	$ 9,826
Fair Value as % of Net Assets	[3],[11],[13]	1.01%
Investment, Identifier [Axis]: Excel Fitness Holdings, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	9.83%
Par Amount	[1],[2]	$ 2,371
Amortized Cost	[1],[2]	459
Fair Value	[1],[2],[9]	$ 474
Fair Value as % of Net Assets	[1],[2],[11]	0.05%
Investment, Identifier [Axis]: Exterro
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			5.50%
Interest rate	[5],[6],[7],[8],[15]			11.03%
Par Amount	[5],[6],[7],[15]			$ 9,474
Amortized Cost	[5],[6],[7],[15]			9,462
Fair Value	[5],[6],[7],[10],[15]			$ 9,503
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.27%
Investment, Identifier [Axis]: Exterro, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.50%
Interest rate	[3],[4],[13]	10.12%
Par Amount	[3],[13]	$ 9,474
Amortized Cost	[3],[13]	9,432
Fair Value	[3],[9],[13]	$ 9,569
Fair Value as % of Net Assets	[3],[11],[13]	0.99%
Investment, Identifier [Axis]: Eyesouth Eye Care Holdco LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.50%
Interest rate	[3],[4],[13]	9.96%
Par Amount	[3],[13]	$ 7,398
Amortized Cost	[3],[13]	7,341
Fair Value	[3],[9],[13]	$ 7,264
Fair Value as % of Net Assets	[3],[11],[13]	0.75%
Investment, Identifier [Axis]: Eyesouth Eye Care Holdco LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.50%
Interest rate	[1],[4]	10%
Par Amount	[1]	$ 2,425
Amortized Cost	[1]	2,425
Fair Value	[1],[9]	$ 2,381
Fair Value as % of Net Assets	[1],[11]	0.25%
Investment, Identifier [Axis]: FH DMI Buyer, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.33%
Par Amount	[1],[2]	$ 1,104
Amortized Cost	[1],[2]	(3)
Fair Value	[1],[2],[9]	$ (10)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: FH DMI Buyer, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.33%
Par Amount	[3]	$ 1,987
Amortized Cost	[3]	1,968
Fair Value	[3],[9]	$ 1,969
Fair Value as % of Net Assets	[3],[11]	0.20%
Investment, Identifier [Axis]: FS NU Investors, LP (NearU)
Schedule of Investments [Line Items]
Amortized Cost	[1],[14],[20]	$ 243
Fair Value	[1],[9],[14],[20]	$ 159
Fair Value as % of Net Assets	[1],[11],[14],[20]	0.02%
Shares/Units	[1],[14],[20]	2,432
Investment, Identifier [Axis]: FS Parent Holding, LLC (FoodScience LLC) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 5
Fair Value	[1],[9],[20]	$ 5
Fair Value as % of Net Assets	[1],[11],[20]	0%
Shares/Units	[1],[20]	5,168
Investment, Identifier [Axis]: FS Parent Holding, LLC (FoodScience LLC) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 98
Fair Value	[1],[9],[20]	$ 98
Fair Value as % of Net Assets	[1],[11],[20]	0.01%
Shares/Units	[1],[20]	98
Investment, Identifier [Axis]: FSK Pallet Holding Corp. (DBA Kamps Pallets)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6%
Interest rate	[5],[7],[8]			11.53%
Par Amount	[5],[7]			$ 9,875
Amortized Cost	[5],[7]			9,725
Fair Value	[5],[7],[10]			$ 9,616
Fair Value as % of Net Assets	[5],[7],[12]			1.29%
Investment, Identifier [Axis]: FSK Pallet Holding Corp. (Kamps Pallets)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	6%
Interest rate	[3],[4],[13]	10.74%
Par Amount	[3],[13]	$ 9,775
Amortized Cost	[3],[13]	9,675
Fair Value	[3],[9],[13]	$ 9,510
Fair Value as % of Net Assets	[3],[11],[13]	0.98%
Investment, Identifier [Axis]: Fairway Lawns
Schedule of Investments [Line Items]
Interest rate	[6],[8]			8%
Interest rate, PIK	[6],[8]			5%
Par Amount	[6]			$ 2,730
Amortized Cost	[6]			2,662
Fair Value	[6],[10]			$ 2,659
Fair Value as % of Net Assets	[6],[12]			0.35%
Investment, Identifier [Axis]: Fairway Lawns (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			8%
Interest rate, PIK	[6],[8],[16]			5%
Par Amount	[6],[16]			$ 6,287
Amortized Cost	[6],[16]			5,867
Fair Value	[6],[10],[16]			$ 5,704
Fair Value as % of Net Assets	[6],[12],[16]			0.76%
Investment, Identifier [Axis]: Fineline Merger
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9.26%
Interest rate	[6],[8]			14.61%
Par Amount	[6]			$ 2,453
Amortized Cost	[6]			2,427
Fair Value	[6],[10]			$ 2,453
Fair Value as % of Net Assets	[6],[12]			0.33%
Investment, Identifier [Axis]: First American Government Obligations Fund
Schedule of Investments [Line Items]
Interest rate	[8]			5.19%
Amortized Cost				$ 32
Fair Value	[10]			$ 32
Fair Value as % of Net Assets	[12]			0%
Shares/Units				32,000
Investment, Identifier [Axis]: First American Government Obligations Fund - Class Z
Schedule of Investments [Line Items]
Interest rate		4.28%
Amortized Cost		$ 30
Fair Value	[9]	$ 30
Fair Value as % of Net Assets	[11]	0%
Shares/Units		29,771
Investment, Identifier [Axis]: FirstCall Mechanical Group, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.08%
Par Amount	[1],[2]	$ 19,984
Amortized Cost	[1],[2]	6,361
Fair Value	[1],[2],[9]	$ 6,196
Fair Value as % of Net Assets	[1],[2],[11]	0.64%
Investment, Identifier [Axis]: FirstCall Mechanical Group, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	4.75%
Interest rate	[1],[4],[13]	9.08%
Par Amount	[1],[13]	$ 9,950
Amortized Cost	[1],[13]	9,857
Fair Value	[1],[9],[13]	$ 9,856
Fair Value as % of Net Assets	[1],[11],[13]	1.02%
Investment, Identifier [Axis]: Five Star Lower Holding LLC (Five Star Packaging)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[23]	4.25%
Interest rate	[3],[4],[13],[23]	8.68%
Par Amount	[3],[13],[23]	$ 7,500
Amortized Cost	[3],[13],[23]	7,421
Fair Value	[3],[9],[13],[23]	$ 7,468
Fair Value as % of Net Assets	[3],[11],[13],[23]	0.77%
Investment, Identifier [Axis]: Five Star Packing
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[22]			4.25%
Interest rate	[5],[7],[8],[22]			9.63%
Par Amount	[5],[7],[22]			$ 7,576
Amortized Cost	[5],[7],[22]			7,482
Fair Value	[5],[7],[10],[22]			$ 7,482
Fair Value as % of Net Assets	[5],[7],[12],[22]			1%
Investment, Identifier [Axis]: FoodScience 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			6%
Interest rate	[6],[7],[8]			11.73%
Par Amount	[6],[7]			$ 7,744
Amortized Cost	[6],[7]			7,696
Fair Value	[6],[7],[10]			$ 7,081
Fair Value as % of Net Assets	[6],[7],[12]			0.95%
Investment, Identifier [Axis]: FoodScience 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			6%
Interest rate	[6],[7],[8]			12.23%
Par Amount	[6],[7]			$ 6,880
Amortized Cost	[6],[7]			6,831
Fair Value	[6],[7],[10]			$ 6,291
Fair Value as % of Net Assets	[6],[7],[12]			0.84%
Investment, Identifier [Axis]: FoodScience 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 5
Fair Value	[6],[10],[17],[18]			$ 0
Fair Value as % of Net Assets	[6],[12],[17],[18]			0%
Shares/Units	[6],[17],[18]			5,168
Investment, Identifier [Axis]: FoodScience 4
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 98
Fair Value	[6],[10],[17],[18]			$ 51
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.01%
Shares/Units	[6],[17],[18]			98
Investment, Identifier [Axis]: FoodScience, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.08%
Par Amount	[1],[2]	$ 6,322
Amortized Cost	[1],[2]	(16)
Fair Value	[1],[2],[9]	$ (61)
Fair Value as % of Net Assets	[1],[2],[11]	(0.01%)
Investment, Identifier [Axis]: FoodScience, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.08%
Par Amount	[1]	$ 5,927
Amortized Cost	[1]	5,868
Fair Value	[1],[9]	$ 5,870
Fair Value as % of Net Assets	[1],[11]	0.60%
Investment, Identifier [Axis]: Forefront Dermatology
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15],[22]			4.25%
Interest rate	[6],[7],[8],[15],[22]			9.63%
Par Amount	[6],[7],[15],[22]			$ 3,315
Amortized Cost	[6],[7],[15],[22]			3,268
Fair Value	[6],[7],[10],[15],[22]			$ 3,215
Fair Value as % of Net Assets	[6],[7],[12],[15],[22]			0.43%
Investment, Identifier [Axis]: Fresh Edge
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			4.50%
Interest rate	[6],[8]			10.07%
Interest rate, PIK	[6],[8]			5.13%
Par Amount	[6]			$ 3,853
Amortized Cost	[6]			3,772
Fair Value	[6],[10]			$ 3,765
Fair Value as % of Net Assets	[6],[12]			0.50%
Investment, Identifier [Axis]: Fresh Edge (Incremental) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			4.50%
Interest rate	[6],[8]			9.98%
Interest rate, PIK	[6],[8]			5.13%
Par Amount	[6]			$ 914
Amortized Cost	[6]			891
Fair Value	[6],[10]			$ 893
Fair Value as % of Net Assets	[6],[12]			0.12%
Investment, Identifier [Axis]: Fresh Edge (Incremental) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			4.50%
Interest rate	[6],[8]			9.76%
Interest rate, PIK	[6],[8]			5.13%
Par Amount	[6]			$ 769
Amortized Cost	[6]			752
Fair Value	[6],[10]			$ 752
Fair Value as % of Net Assets	[6],[12]			0.10%
Investment, Identifier [Axis]: Fresh Edge - Common
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 0
Fair Value	[6],[10],[17],[18]			$ 99
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.01%
Shares/Units	[6],[17],[18]			667
Investment, Identifier [Axis]: Fresh Edge - Preferred
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 667
Fair Value	[6],[10],[17],[18]			$ 745
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.10%
Shares/Units	[6],[17],[18]			667
Investment, Identifier [Axis]: GHR Healthcare
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5%
Interest rate	[7],[8],[15]			10.50%
Par Amount	[7],[15]			$ 6,401
Amortized Cost	[7],[15]			6,359
Fair Value	[7],[10],[15]			$ 6,255
Fair Value as % of Net Assets	[7],[12],[15]			0.84%
Investment, Identifier [Axis]: GHR Healthcare (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5%
Interest rate	[5],[7],[8],[15]			10.50%
Par Amount	[5],[7],[15]			$ 2,002
Amortized Cost	[5],[7],[15]			2,002
Fair Value	[5],[7],[10],[15]			$ 1,957
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.26%
Investment, Identifier [Axis]: GHR Healthcare (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5%
Interest rate	[5],[8]			10.50%
Par Amount	[5]			$ 4,983
Amortized Cost	[5]			4,904
Fair Value	[5],[10]			$ 4,869
Fair Value as % of Net Assets	[5],[12]			0.65%
Investment, Identifier [Axis]: GHR Healthcare, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.25%
Interest rate	[3],[4],[14]	9.99%
Par Amount	[3],[14]	$ 6,336
Amortized Cost	[3],[14]	6,302
Fair Value	[3],[9],[14]	$ 6,183
Fair Value as % of Net Assets	[3],[11],[14]	0.64%
Investment, Identifier [Axis]: GHR Healthcare, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.25%
Interest rate	[3],[4],[14]	9.99%
Par Amount	[3],[14]	$ 1,982
Amortized Cost	[3],[14]	1,982
Fair Value	[3],[9],[14]	$ 1,934
Fair Value as % of Net Assets	[3],[11],[14]	0.20%
Investment, Identifier [Axis]: GHR Healthcare, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.25%
Interest rate	[1],[2],[4],[14]	9.99%
Par Amount	[1],[2],[14]	$ 1,946
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (47)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: GHR Healthcare, LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.25%
Interest rate	[1],[2],[4],[14]	9.99%
Par Amount	[1],[2],[14]	$ 648
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (16)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: GHR Healthcare, LLC 5
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.25%
Interest rate	[3],[4],[14]	9.99%
Par Amount	[3],[14]	$ 4,933
Amortized Cost	[3],[14]	4,870
Fair Value	[3],[9],[14]	$ 4,814
Fair Value as % of Net Assets	[3],[11],[14]	0.50%
Investment, Identifier [Axis]: GHR Healthcare, LLC 6
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.25%
Interest rate	[3],[4],[13],[14]	9.99%
Par Amount	[3],[13],[14]	$ 8,048
Amortized Cost	[3],[13],[14]	7,979
Fair Value	[3],[9],[13],[14]	$ 7,854
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.81%
Investment, Identifier [Axis]: GHR Healthcare, LLC 7
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.25%
Interest rate	[3],[4],[13],[14]	9.99%
Par Amount	[3],[13],[14]	$ 3,742
Amortized Cost	[3],[13],[14]	3,710
Fair Value	[3],[9],[13],[14]	$ 3,652
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.38%
Investment, Identifier [Axis]: Gabriel Partners LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.53%
Par Amount	[5],[7],[15]			$ 9,192
Amortized Cost	[5],[7],[15]			9,144
Fair Value	[5],[7],[10],[15]			$ 9,192
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.23%
Investment, Identifier [Axis]: Gabriel Partners LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.53%
Par Amount	[5],[7],[15]			$ 1,531
Amortized Cost	[5],[7],[15]			1,531
Fair Value	[5],[7],[10],[15]			$ 1,531
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.20%
Investment, Identifier [Axis]: Gabriel Partners LLC (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			5.75%
Interest rate	[5],[8],[15]			11.53%
Par Amount	[5],[15]			$ 3,794
Amortized Cost	[5],[15]			3,771
Fair Value	[5],[10],[15]			$ 3,794
Fair Value as % of Net Assets	[5],[12],[15]			0.51%
Investment, Identifier [Axis]: Gabriel Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	6.25%
Interest rate	[1],[4]	10.73%
Par Amount	[1]	$ 663
Amortized Cost	[1]	657
Fair Value	[1],[9]	$ 653
Fair Value as % of Net Assets	[1],[11]	0.07%
Investment, Identifier [Axis]: Gabriel Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	6.25%
Interest rate	[3],[4],[13],[14]	10.91%
Par Amount	[3],[13],[14]	$ 9,096
Amortized Cost	[3],[13],[14]	9,068
Fair Value	[3],[9],[13],[14]	$ 8,954
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.92%
Investment, Identifier [Axis]: Gabriel Partners, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	6.25%
Interest rate	[3],[4],[13],[14]	10.91%
Par Amount	[3],[13],[14]	$ 1,515
Amortized Cost	[3],[13],[14]	1,515
Fair Value	[3],[9],[13],[14]	$ 1,492
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.15%
Investment, Identifier [Axis]: Gabriel Partners, LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6.25%
Interest rate	[3],[4],[14]	10.91%
Par Amount	[3],[14]	$ 3,755
Amortized Cost	[3],[14]	3,741
Fair Value	[3],[9],[14]	$ 3,696
Fair Value as % of Net Assets	[3],[11],[14]	0.38%
Investment, Identifier [Axis]: Gannett Fleming
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.60%
Interest rate	[5],[7],[8]			11.95%
Par Amount	[5],[7]			$ 9,900
Amortized Cost	[5],[7]			9,730
Fair Value	[5],[7],[10]			$ 9,913
Fair Value as % of Net Assets	[5],[7],[12]			1.32%
Investment, Identifier [Axis]: Gannett Fleming 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 570
Fair Value	[6],[10],[17],[18]			$ 830
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.11%
Shares/Units	[6],[17],[18]			569,505
Investment, Identifier [Axis]: Gannett Fleming 2
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[25]			$ 425
Fair Value	[6],[10],[17],[18],[25]			$ 619
Fair Value as % of Net Assets	[6],[12],[17],[18],[25]			0.08%
Shares/Units	[6],[17],[18],[25]			424,742
Investment, Identifier [Axis]: Gannett Fleming, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[14]	4.75%
Interest rate	[1],[4],[13],[14]	9.23%
Par Amount	[1],[13],[14]	$ 17,824
Amortized Cost	[1],[13],[14]	17,568
Fair Value	[1],[9],[13],[14]	$ 17,669
Fair Value as % of Net Assets	[1],[11],[13],[14]	1.83%
Investment, Identifier [Axis]: Gannett Fleming, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.23%
Par Amount	[1],[2],[14]	$ 2,131
Amortized Cost	[1],[2],[14]	(30)
Fair Value	[1],[2],[9],[14]	$ (19)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Geds Equity Investors, LP (Esquire Deposition Services)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 320
Fair Value	[1],[9],[20]	$ 300
Fair Value as % of Net Assets	[1],[11],[20]	0.03%
Shares/Units	[1],[20]	2,424
Investment, Identifier [Axis]: Genesee Scientific
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.50%
Interest rate	[7],[8],[15]			10.95%
Par Amount	[7],[15]			$ 5,959
Amortized Cost	[7],[15]			5,922
Fair Value	[7],[10],[15]			$ 5,839
Fair Value as % of Net Assets	[7],[12],[15]			0.78%
Investment, Identifier [Axis]: Genesee Scientific (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.50%
Interest rate	[6],[8],[15]			10.95%
Par Amount	[6],[15]			$ 1,560
Amortized Cost	[6],[15]			1,560
Fair Value	[6],[10],[15]			$ 1,528
Fair Value as % of Net Assets	[6],[12],[15]			0.20%
Investment, Identifier [Axis]: Genesee Scientific LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.10%
Par Amount	[3],[14]	$ 5,898
Amortized Cost	[3],[14]	5,870
Fair Value	[3],[9],[14]	$ 5,176
Fair Value as % of Net Assets	[3],[11],[14]	0.53%
Investment, Identifier [Axis]: Genesee Scientific LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.75%
Interest rate	[1],[4],[14]	10.10%
Par Amount	[1],[14]	$ 1,544
Amortized Cost	[1],[14]	1,544
Fair Value	[1],[9],[14]	$ 1,355
Fair Value as % of Net Assets	[1],[11],[14]	0.14%
Investment, Identifier [Axis]: Gloves Buyer, Inc. (PIP)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4%
Interest rate	[3],[4],[13]	8.47%
Par Amount	[3],[13]	$ 9,052
Amortized Cost	[3],[13]	9,037
Fair Value	[3],[9],[13]	$ 9,052
Fair Value as % of Net Assets	[3],[11],[13]	0.93%
Investment, Identifier [Axis]: Go Engineer
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.38%
Interest rate	[5],[7],[8],[15]			10.87%
Par Amount	[5],[7],[15]			$ 11,572
Amortized Cost	[5],[7],[15]			11,490
Fair Value	[5],[7],[10],[15]			$ 11,409
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.53%
Investment, Identifier [Axis]: Go Engineer (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.38%
Interest rate	[6],[8],[15]			10.87%
Par Amount	[6],[15]			$ 3,152
Amortized Cost	[6],[15]			3,130
Fair Value	[6],[10],[15]			$ 3,107
Fair Value as % of Net Assets	[6],[12],[15]			0.42%
Investment, Identifier [Axis]: Good2Grow 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			5.50%
Interest rate	[5],[6],[8]			11.04%
Par Amount	[5],[6]			$ 6,362
Amortized Cost	[5],[6]			6,270
Fair Value	[5],[6],[10]			$ 6,362
Fair Value as % of Net Assets	[5],[6],[12]			0.85%
Investment, Identifier [Axis]: Good2Grow 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			4.50%
Interest rate	[5],[7],[8]			10.04%
Par Amount	[5],[7]			$ 9,265
Amortized Cost	[5],[7]			9,201
Fair Value	[5],[7],[10]			$ 9,137
Fair Value as % of Net Assets	[5],[7],[12]			1.22%
Investment, Identifier [Axis]: HBB Parent, LLC (High Bar Brands)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 303
Fair Value	[1],[9],[20],[24]	$ 376
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.04%
Shares/Units	[1],[20],[24]	303,000
Investment, Identifier [Axis]: HMA Equity, LP (Health Management Associates)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 400
Fair Value	[1],[9],[20]	$ 547
Fair Value as % of Net Assets	[1],[11],[20]	0.06%
Shares/Units	[1],[20]	399,904
Investment, Identifier [Axis]: HMN Acquirer Corp. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.08%
Par Amount	[1],[2]	$ 2,426
Amortized Cost	[1],[2]	(6)
Fair Value	[1],[2],[9]	$ (23)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: HMN Acquirer Corp. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.08%
Par Amount	[3]	$ 6,598
Amortized Cost	[3]	6,533
Fair Value	[3],[9]	$ 6,535
Fair Value as % of Net Assets	[3],[11]	0.67%
Investment, Identifier [Axis]: Halo Buyer Inc
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[22]			4.50%
Interest rate	[7],[8],[22]			9.96%
Par Amount	[7],[22]			$ 5,668
Amortized Cost	[7],[22]			5,641
Fair Value	[7],[10],[22]			$ 4,284
Fair Value as % of Net Assets	[7],[12],[22]			0.57%
Investment, Identifier [Axis]: Halo Buyer, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[23]	4.50%
Interest rate	[3],[4],[23]	8.96%
Par Amount	[3],[23]	$ 5,607
Amortized Cost	[3],[23]	5,597
Fair Value	[3],[9],[23]	$ 5,348
Fair Value as % of Net Assets	[3],[11],[23]	0.55%
Investment, Identifier [Axis]: Handgards
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			7%
Interest rate	[5],[7],[8]			12.54%
Par Amount	[5],[7]			$ 14,513
Amortized Cost	[5],[7]			14,364
Fair Value	[5],[7],[10]			$ 14,513
Fair Value as % of Net Assets	[5],[7],[12]			1.94%
Investment, Identifier [Axis]: Harvest Hill Beverage Company
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9%
Interest rate	[6],[8]			14.46%
Par Amount	[6]			$ 3,640
Amortized Cost	[6]			3,540
Fair Value	[6],[10]			$ 3,573
Fair Value as % of Net Assets	[6],[12]			0.48%
Investment, Identifier [Axis]: Health Management Associates
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6.50%
Interest rate	[5],[6],[8]			11.73%
Par Amount	[5],[6]			$ 8,307
Amortized Cost	[5],[6]			8,154
Fair Value	[5],[6],[10]			$ 8,233
Fair Value as % of Net Assets	[5],[6],[12]			1.10%
Investment, Identifier [Axis]: Health Management Associates (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.50%
Interest rate	[6],[8],[16]			11.73%
Par Amount	[6],[16]			$ 1,499
Amortized Cost	[6],[16]			444
Fair Value	[6],[10],[16]			$ 460
Fair Value as % of Net Assets	[6],[12],[16]			0.06%
Investment, Identifier [Axis]: Health Management Associates 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 400
Fair Value	[6],[10],[17],[18]			$ 427
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.06%
Shares/Units	[6],[17],[18]			399,904
Investment, Identifier [Axis]: Health Management Associates, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6.25%
Interest rate	[1],[3],[4]	10.82%
Par Amount	[1],[3]	$ 8,264
Amortized Cost	[1],[3]	8,135
Fair Value	[1],[3],[9]	$ 8,264
Fair Value as % of Net Assets	[1],[3],[11]	0.85%
Investment, Identifier [Axis]: Health Management Associates, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	6.25%
Interest rate	[1],[2],[4]	10.77%
Par Amount	[1],[2]	$ 1,497
Amortized Cost	[1],[2]	715
Fair Value	[1],[2],[9]	$ 742
Fair Value as % of Net Assets	[1],[2],[11]	0.08%
Investment, Identifier [Axis]: Healthspan Buyer, LLC (Thorne HealthTech)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	9.58%
Par Amount	[3]	$ 10,546
Amortized Cost	[3]	10,452
Fair Value	[3],[9]	$ 10,495
Fair Value as % of Net Assets	[3],[11]	1.07%
Investment, Identifier [Axis]: Heartland Home Services
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6%
Interest rate	[5],[7],[8],[15]			11.36%
Par Amount	[5],[7],[15]			$ 6,467
Amortized Cost	[5],[7],[15]			6,428
Fair Value	[5],[7],[10],[15]			$ 6,382
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.85%
Investment, Identifier [Axis]: Heartland Home Services (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6%
Interest rate	[5],[7],[8],[15]			11.36%
Par Amount	[5],[7],[15]			$ 5,608
Amortized Cost	[5],[7],[15]			5,589
Fair Value	[5],[7],[10],[15]			$ 5,533
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.74%
Investment, Identifier [Axis]: Heartland Home Services (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6%
Interest rate	[5],[7],[8],[15]			11.36%
Par Amount	[5],[7],[15]			$ 2,571
Amortized Cost	[5],[7],[15]			2,571
Fair Value	[5],[7],[10],[15]			$ 2,537
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.34%
Investment, Identifier [Axis]: Heartland Home Services, Inc. (Helios Buyer, Inc.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6%
Interest rate	[3],[4],[14]	10.43%
Par Amount	[3],[14]	$ 6,400
Amortized Cost	[3],[14]	6,375
Fair Value	[3],[9],[14]	$ 6,123
Fair Value as % of Net Assets	[3],[11],[14]	0.63%
Investment, Identifier [Axis]: Heartland Home Services, Inc. (Helios Buyer, Inc.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	6%
Interest rate	[3],[4],[13],[14]	10.43%
Par Amount	[3],[13],[14]	$ 5,550
Amortized Cost	[3],[13],[14]	5,538
Fair Value	[3],[9],[13],[14]	$ 5,310
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.55%
Investment, Identifier [Axis]: Heartland Home Services, Inc. (Helios Buyer, Inc.) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	6%
Interest rate	[3],[4],[13],[14]	10.43%
Par Amount	[3],[13],[14]	$ 2,545
Amortized Cost	[3],[13],[14]	2,545
Fair Value	[3],[9],[13],[14]	$ 2,435
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.25%
Investment, Identifier [Axis]: Heartland Paving Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.08%
Par Amount	[1],[2]	$ 5,714
Amortized Cost	[1],[2]	(14)
Fair Value	[1],[2],[9]	$ (54)
Fair Value as % of Net Assets	[1],[2],[11]	(0.01%)
Investment, Identifier [Axis]: Heartland Paving Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.08%
Par Amount	[1],[2]	$ 5,714
Amortized Cost	[1],[2]	(14)
Fair Value	[1],[2],[9]	$ (54)
Fair Value as % of Net Assets	[1],[2],[11]	(0.01%)
Investment, Identifier [Axis]: Heartland Paving Partners, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.08%
Par Amount	[3]	$ 8,550
Amortized Cost	[3]	8,466
Fair Value	[3],[9]	$ 8,469
Fair Value as % of Net Assets	[3],[11]	0.87%
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			7.50%
Interest rate	[6],[8]			12.96%
Par Amount	[6]			$ 1,900
Amortized Cost	[6]			1,872
Fair Value	[6],[10]			$ 1,875
Fair Value as % of Net Assets	[6],[12]			0.25%
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC (Incremental) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			7.50%
Interest rate	[6],[8]			12.96%
Par Amount	[6]			$ 9,500
Amortized Cost	[6]			9,500
Fair Value	[6],[10]			$ 9,377
Fair Value as % of Net Assets	[6],[12]			1.25%
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[2],[4]	7.50%
Interest rate, PIK	[1],[2],[4]	7%
Par Amount	[1],[2]	$ 3,637
Amortized Cost	[1],[2]	2,222
Fair Value	[1],[2],[9]	$ 2,218
Fair Value as % of Net Assets	[1],[2],[11]	0.23%
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	7.50%
Interest rate, PIK	[1],[4]	7%
Par Amount	[1]	$ 10,014
Amortized Cost	[1]	10,014
Fair Value	[1],[9]	$ 10,003
Fair Value as % of Net Assets	[1],[11]	1.03%
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC 3
Schedule of Investments [Line Items]
Interest rate	[1],[4]	7.50%
Interest rate, PIK	[1],[4]	7%
Par Amount	[1]	$ 2,003
Amortized Cost	[1]	1,984
Fair Value	[1],[9]	$ 2,001
Fair Value as % of Net Assets	[1],[11]	0.21%
Investment, Identifier [Axis]: Helios Aggregator Holdings I LP (Pinnacle Supply Partners, LLC)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 280
Fair Value	[1],[9],[20]	$ 213
Fair Value as % of Net Assets	[1],[11],[20]	0.02%
Shares/Units	[1],[20]	279,687
Investment, Identifier [Axis]: HemaSource Inc.
Schedule of Investments [Line Items]
Interest rate	[6],[8]			8.50%
Interest rate, PIK	[6],[8]			5%
Par Amount	[6]			$ 5,292
Amortized Cost	[6]			5,153
Fair Value	[6],[10]			$ 5,147
Fair Value as % of Net Assets	[6],[12]			0.69%
Investment, Identifier [Axis]: HemaSource, Inc.
Schedule of Investments [Line Items]
Interest rate	[1],[4]	12.25%
Par Amount	[1]	$ 5,292
Amortized Cost	[1]	5,169
Fair Value	[1],[9]	$ 5,277
Fair Value as % of Net Assets	[1],[11]	0.54%
Investment, Identifier [Axis]: High Bar Brands
Schedule of Investments [Line Items]
Interest rate	[6],[8]			9%
Interest rate, PIK	[6],[8]			4%
Par Amount	[6]			$ 2,088
Amortized Cost	[6]			2,035
Fair Value	[6],[10]			$ 2,036
Fair Value as % of Net Assets	[6],[12]			0.27%
Investment, Identifier [Axis]: High Bar Brands (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			9%
Interest rate, PIK	[6],[8],[16]			4%
Par Amount	[6],[16]			$ 596
Amortized Cost	[6],[16]			(7)
Fair Value	[6],[10],[16]			$ (15)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: High Bar Brands 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 303
Fair Value	[6],[10],[17],[18],[19]			$ 303
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.04%
Shares/Units	[6],[17],[18],[19]			303,000
Investment, Identifier [Axis]: High Bar Brands Operating, LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	13%
Par Amount	[1]	$ 2,088
Amortized Cost	[1]	2,043
Fair Value	[1],[9]	$ 2,061
Fair Value as % of Net Assets	[1],[11]	0.21%
Investment, Identifier [Axis]: High Bar Brands Operating, LLC 2
Schedule of Investments [Line Items]
Interest rate	[1],[2],[4]	13%
Par Amount	[1],[2]	$ 596
Amortized Cost	[1],[2]	(6)
Fair Value	[1],[2],[9]	$ (8)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Hyperion Materials & Technologies, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13],[23]	4.50%
Interest rate	[1],[4],[13],[23]	9.06%
Par Amount	[1],[13],[23]	$ 2,627
Amortized Cost	[1],[13],[23]	2,625
Fair Value	[1],[9],[13],[23]	$ 2,588
Fair Value as % of Net Assets	[1],[11],[13],[23]	0.27%
Investment, Identifier [Axis]: ICE USA Infrastructure, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.25%
Interest rate	[3],[4],[13]	9.58%
Par Amount	[3],[13]	$ 6,572
Amortized Cost	[3],[13]	6,512
Fair Value	[3],[9],[13]	$ 6,511
Fair Value as % of Net Assets	[3],[11],[13]	0.67%
Investment, Identifier [Axis]: IF&P Holding Company, LLC (Fresh Edge) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.50%
Interest rate	[1],[4]	9.16%
Interest rate, PIK	[1],[4]	5.13%
Par Amount	[1]	$ 4,077
Amortized Cost	[1]	4,007
Fair Value	[1],[9]	$ 3,963
Fair Value as % of Net Assets	[1],[11]	0.41%
Investment, Identifier [Axis]: IF&P Holding Company, LLC (Fresh Edge) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.50%
Interest rate	[1],[4]	9.16%
Interest rate, PIK	[1],[4]	5.13%
Par Amount	[1]	$ 814
Amortized Cost	[1]	798
Fair Value	[1],[9]	$ 791
Fair Value as % of Net Assets	[1],[11]	0.08%
Investment, Identifier [Axis]: IF&P Holding Company, LLC (Fresh Edge) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.50%
Interest rate	[1],[4]	9.16%
Interest rate, PIK	[1],[4]	5.13%
Par Amount	[1]	$ 963
Amortized Cost	[1]	943
Fair Value	[1],[9]	$ 937
Fair Value as % of Net Assets	[1],[11]	0.10%
Investment, Identifier [Axis]: INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.50%
Interest rate	[5],[7],[8]			12.03%
Par Amount	[5],[7]			$ 7,961
Amortized Cost	[5],[7]			7,822
Fair Value	[5],[7],[10]			$ 7,973
Fair Value as % of Net Assets	[5],[7],[12]			1.06%
Investment, Identifier [Axis]: INS Intermediate II, LLC (Ergotech Controls, Inc. – d/b/a INS) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.50%
Interest rate	[6],[8],[16]			12.03%
Par Amount	[6],[16]			$ 1,979
Amortized Cost	[6],[16]			(34)
Fair Value	[6],[10],[16]			$ 3
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	6.50%
Interest rate	[3],[4],[13]	11.24%
Par Amount	[3],[13]	$ 7,881
Amortized Cost	[3],[13]	7,766
Fair Value	[3],[9],[13]	$ 7,890
Fair Value as % of Net Assets	[3],[11],[13]	0.81%
Investment, Identifier [Axis]: INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	6.50%
Interest rate	[1],[2],[4]	11.24%
Par Amount	[1],[2]	$ 1,979
Amortized Cost	[1],[2]	(27)
Fair Value	[1],[2],[9]	$ 2
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: ISG Enterprises, LLC (Industrial Service Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.34%
Par Amount	[3]	$ 6,459
Amortized Cost	[3]	6,365
Fair Value	[3],[9]	$ 6,344
Fair Value as % of Net Assets	[3],[11]	0.65%
Investment, Identifier [Axis]: ISG Enterprises, LLC (Industrial Service Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.34%
Par Amount	[3]	$ 3,363
Amortized Cost	[3]	3,352
Fair Value	[3],[9]	$ 3,303
Fair Value as % of Net Assets	[3],[11]	0.34%
Investment, Identifier [Axis]: ISG Merger Sub, LLC (dba Industrial Service Group)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.25%
Interest rate	[5],[7],[8]			11.60%
Par Amount	[5],[7]			$ 6,525
Amortized Cost	[5],[7]			6,412
Fair Value	[5],[7],[10]			$ 6,569
Fair Value as % of Net Assets	[5],[7],[12]			0.88%
Investment, Identifier [Axis]: ISG Merger Sub, LLC (dba Industrial Service Group) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			6.25%
Interest rate	[6],[8]			11.60%
Par Amount	[6]			$ 3,397
Amortized Cost	[6]			3,383
Fair Value	[6],[10]			$ 3,420
Fair Value as % of Net Assets	[6],[12]			0.46%
Investment, Identifier [Axis]: ITSavvy LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.25%
Interest rate	[5],[7],[8]			10.89%
Par Amount	[5],[7]			$ 7,794
Amortized Cost	[5],[7]			7,730
Fair Value	[5],[7],[10]			$ 7,794
Fair Value as % of Net Assets	[5],[7],[12]			1.04%
Investment, Identifier [Axis]: ITSavvy LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.25%
Interest rate	[6],[8],[16]			10.89%
Par Amount	[6],[16]			$ 1,049
Amortized Cost	[6],[16]			883
Fair Value	[6],[10],[16]			$ 891
Fair Value as % of Net Assets	[6],[12],[16]			0.12%
Investment, Identifier [Axis]: ITSavvy LLC 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 522
Fair Value	[6],[10],[17],[18]			$ 1,250
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.17%
Shares/Units	[6],[17],[18]			522
Investment, Identifier [Axis]: Illumifin Corporation (Long Term Care Group)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	3.27%
Interest rate	[1],[3],[4],[14]	11.88%
Par Amount	[1],[3],[14]	$ 7,274
Amortized Cost	[1],[3],[14]	7,257
Fair Value	[1],[3],[9],[14]	$ 6,650
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.69%
Investment, Identifier [Axis]: ImageFirst Holdings, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	4.25%
Interest rate	[1],[3],[4],[13]	8.58%
Par Amount	[1],[3],[13]	$ 8,442
Amortized Cost	[1],[3],[13]	8,427
Fair Value	[1],[3],[9],[13]	$ 8,442
Fair Value as % of Net Assets	[1],[3],[11],[13]	0.87%
Investment, Identifier [Axis]: Impact Environmental Group
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6%
Interest rate	[5],[6],[8]			11.28%
Par Amount	[5],[6]			$ 6,776
Amortized Cost	[5],[6]			6,650
Fair Value	[5],[6],[10]			$ 6,721
Fair Value as % of Net Assets	[5],[6],[12]			0.90%
Investment, Identifier [Axis]: Impact Environmental Group (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.28%
Par Amount	[6],[16]			$ 3,166
Amortized Cost	[6],[16]			2,770
Fair Value	[6],[10],[16]			$ 2,759
Fair Value as % of Net Assets	[6],[12],[16]			0.37%
Investment, Identifier [Axis]: Impact Environmental Group (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.28%
Par Amount	[6],[16]			$ 6,822
Amortized Cost	[6],[16]			(32)
Fair Value	[6],[10],[16]			$ (55)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Impact Environmental Group (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			6%
Interest rate	[6],[8]			11.28%
Par Amount	[6]			$ 1,736
Amortized Cost	[6]			1,703
Fair Value	[6],[10]			$ 1,722
Fair Value as % of Net Assets	[6],[12]			0.23%
Investment, Identifier [Axis]: Impact Parent Corporation (Impact Environmental Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5%
Interest rate	[1],[3],[4]	9.43%
Par Amount	[1],[3]	$ 6,708
Amortized Cost	[1],[3]	6,600
Fair Value	[1],[3],[9]	$ 6,661
Fair Value as % of Net Assets	[1],[3],[11]	0.69%
Investment, Identifier [Axis]: Impact Parent Corporation (Impact Environmental Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.43%
Par Amount	[3]	$ 3,134
Amortized Cost	[3]	3,121
Fair Value	[3],[9]	$ 3,112
Fair Value as % of Net Assets	[3],[11]	0.32%
Investment, Identifier [Axis]: Impact Parent Corporation (Impact Environmental Group) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.43%
Par Amount	[1]	$ 6,792
Amortized Cost	[1]	6,766
Fair Value	[1],[9]	$ 6,745
Fair Value as % of Net Assets	[1],[11]	0.70%
Investment, Identifier [Axis]: Impact Parent Corporation (Impact Environmental Group) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.43%
Par Amount	[3]	$ 1,718
Amortized Cost	[3]	1,691
Fair Value	[3],[9]	$ 1,706
Fair Value as % of Net Assets	[3],[11]	0.18%
Investment, Identifier [Axis]: Infinite Electronics (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6.25%
Interest rate	[5],[7],[8],[15]			11.88%
Par Amount	[5],[7],[15]			$ 6,313
Amortized Cost	[5],[7],[15]			6,152
Fair Value	[5],[7],[10],[15]			$ 6,100
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.82%
Investment, Identifier [Axis]: Infobase Acquisition, Inc.
Schedule of Investments [Line Items]
Spread above reference rate		5.50%	[3],[4]	5.50%	[5],[7],[8]
Interest rate		10.03%	[3],[4]	10.93%	[5],[7],[8]
Par Amount		$ 4,287	[3]	$ 4,331	[5],[7]
Amortized Cost		4,259	[3]	4,297	[5],[7]
Fair Value		$ 4,287	[3],[9]	$ 4,297	[5],[7],[10]
Fair Value as % of Net Assets		0.44%	[3],[11]	0.57%	[5],[7],[12]
Investment, Identifier [Axis]: Infobase Acquisition, Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.50%
Interest rate	[6],[8],[16]			10.93%
Par Amount	[6],[16]			$ 721
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (6)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: InfuCare RX
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			4.50%
Interest rate	[5],[6],[7],[8]			9.95%
Par Amount	[5],[6],[7]			$ 9,248
Amortized Cost	[5],[6],[7]			9,182
Fair Value	[5],[6],[7],[10]			$ 9,045
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.21%
Investment, Identifier [Axis]: Infucare Rx Inc
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.25%
Interest rate	[3],[4],[13]	8.68%
Par Amount	[3],[13]	$ 5,788
Amortized Cost	[3],[13]	5,756
Fair Value	[3],[9],[13]	$ 5,788
Fair Value as % of Net Assets	[3],[11],[13]	0.60%
Investment, Identifier [Axis]: Integrated Power Services Holdings, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.50%
Interest rate	[1],[2],[4]	8.97%
Par Amount	[1],[2]	$ 3,598
Amortized Cost	[1],[2]	(9)
Fair Value	[1],[2],[9]	$ 0
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Integrated Power Services Holdings, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.50%
Interest rate	[1],[4]	8.97%
Par Amount	[1]	$ 3,551
Amortized Cost	[1]	3,547
Fair Value	[1],[9]	$ 3,551
Fair Value as % of Net Assets	[1],[11]	0.37%
Investment, Identifier [Axis]: Ivex Holdco Inc. (Specialized Packaging Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[4],[24]	5.50%
Interest rate	[4],[24]	10.19%
Par Amount	[24]	$ 4,365
Amortized Cost	[24]	4,336
Fair Value	[9],[24]	$ 4,333
Fair Value as % of Net Assets	[11],[24]	0.45%
Investment, Identifier [Axis]: Ivex Holdco Inc. (Specialized Packaging Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[24]	6.25%
Interest rate	[1],[3],[4],[24]	10.99%
Par Amount	[1],[3],[24]	$ 6,825
Amortized Cost	[1],[3],[24]	6,777
Fair Value	[1],[3],[9],[24]	$ 6,776
Fair Value as % of Net Assets	[1],[3],[11],[24]	0.70%
Investment, Identifier [Axis]: Ivex Holdco Inc. (Specialized Packaging Group) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.75%
Interest rate	[1],[4]	10.49%
Par Amount	[1]	$ 3,291
Amortized Cost	[1]	3,271
Fair Value	[1],[9]	$ 3,267
Fair Value as % of Net Assets	[1],[11]	0.34%
Investment, Identifier [Axis]: Ivex Holdco Inc. (Specialized Packaging Group) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.50%
Interest rate	[3],[4],[13]	10.19%
Par Amount	[3],[13]	$ 10,153
Amortized Cost	[3],[13]	10,119
Fair Value	[3],[9],[13]	$ 10,080
Fair Value as % of Net Assets	[3],[11],[13]	1.04%
Investment, Identifier [Axis]: JEGS Automotive
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6%
Interest rate	[7],[8]			11.46%
Par Amount	[7]			$ 3,999
Amortized Cost	[7]			3,970
Fair Value	[7],[10]			$ 3,381
Fair Value as % of Net Assets	[7],[12]			0.45%
Investment, Identifier [Axis]: JEGS Automotive 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	6%
Interest rate	[1],[4]	11.33%
Par Amount	[1]	$ 203
Amortized Cost	[1]	203
Fair Value	[1],[9]	$ 203
Fair Value as % of Net Assets	[1],[11]	0.02%
Investment, Identifier [Axis]: JEGS Automotive 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	6%
Interest rate	[3],[4]	11.33%
Par Amount	[3]	$ 1,222
Amortized Cost	[3]	1,222
Fair Value	[3],[9]	$ 1,222
Fair Value as % of Net Assets	[3],[11]	0.13%
Investment, Identifier [Axis]: Java Buyer, Inc. (Sciens Building Solutions, LLC) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.20%
Par Amount	[3],[14]	$ 9,220
Amortized Cost	[3],[14]	9,118
Fair Value	[3],[9],[14]	$ 9,220
Fair Value as % of Net Assets	[3],[11],[14]	0.95%
Investment, Identifier [Axis]: Java Buyer, Inc. (Sciens Building Solutions, LLC) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	5.75%
Interest rate	[1],[3],[4],[14]	10.39%
Par Amount	[1],[3],[14]	$ 4,870
Amortized Cost	[1],[3],[14]	4,845
Fair Value	[1],[3],[9],[14]	$ 4,870
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.50%
Investment, Identifier [Axis]: Jetson Buyer, Inc. (E-Technologies Group, Inc.)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.50%
Interest rate	[3],[4],[13]	9.86%
Par Amount	[3],[13]	$ 7,277
Amortized Cost	[3],[13]	7,209
Fair Value	[3],[9],[13]	$ 7,138
Fair Value as % of Net Assets	[3],[11],[13]	0.74%
Investment, Identifier [Axis]: KENG Acquisition, Inc. (Engage PEO) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5%
Interest rate	[3],[4],[14]	9.36%
Par Amount	[3],[14]	$ 9,570
Amortized Cost	[3],[14]	9,446
Fair Value	[3],[9],[14]	$ 9,483
Fair Value as % of Net Assets	[3],[11],[14]	0.98%
Investment, Identifier [Axis]: KENG Acquisition, Inc. (Engage PEO) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.36%
Par Amount	[1],[2],[14]	$ 9,285
Amortized Cost	[1],[2],[14]	4,127
Fair Value	[1],[2],[9],[14]	$ 4,061
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.42%
Investment, Identifier [Axis]: KENG Acquisition, Inc. (Engage PEO) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.36%
Par Amount	[1],[2],[14]	$ 1,074
Amortized Cost	[1],[2],[14]	(2)
Fair Value	[1],[2],[9],[14]	$ (10)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: KL Bronco Acquisition, Inc. (Elevation Labs) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	9.94%
Par Amount	[3]	$ 6,720
Amortized Cost	[3]	6,677
Fair Value	[3],[9]	$ 6,721
Fair Value as % of Net Assets	[3],[11]	0.69%
Investment, Identifier [Axis]: KL Bronco Acquisition, Inc. (Elevation Labs) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.70%
Par Amount	[1],[2]	$ 3,118
Amortized Cost	[1],[2]	912
Fair Value	[1],[2],[9]	$ 931
Fair Value as % of Net Assets	[1],[2],[11]	0.10%
Investment, Identifier [Axis]: KRIV Acquisition, Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.50%
Interest rate	[5],[6],[7],[8]			11.85%
Par Amount	[5],[6],[7]			$ 10,764
Amortized Cost	[5],[6],[7]			10,476
Fair Value	[5],[6],[7],[10]			$ 10,453
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.40%
Investment, Identifier [Axis]: KRIV Acquisition, Inc (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.50%
Interest rate	[6],[8],[16]			11.85%
Par Amount	[6],[16]			$ 1,607
Amortized Cost	[6],[16]			(19)
Fair Value	[6],[10],[16]			$ (46)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: KRIV Acquisition, Inc 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 790
Fair Value	[6],[10],[17],[18]			$ 930
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.12%
Shares/Units	[6],[17],[18]			790
Investment, Identifier [Axis]: KRIV Acquisition, Inc. (Riveron) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5.75%
Interest rate	[1],[3],[4],[13]	10.08%
Par Amount	[1],[3],[13]	$ 10,656
Amortized Cost	[1],[3],[13]	10,407
Fair Value	[1],[3],[9],[13]	$ 10,556
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.09%
Investment, Identifier [Axis]: KRIV Acquisition, Inc. (Riveron) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.75%
Interest rate	[1],[4]	10.08%
Par Amount	[1]	$ 1,598
Amortized Cost	[1]	1,582
Fair Value	[1],[9]	$ 1,583
Fair Value as % of Net Assets	[1],[11]	0.16%
Investment, Identifier [Axis]: KRIV Co-Invest Holdings, L.P. (Riveron)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 790
Fair Value	[1],[9],[20]	$ 697
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	790
Investment, Identifier [Axis]: KSLB Holdings LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			4.50%
Interest rate	[5],[8]			10.03%
Par Amount	[5]			$ 2,858
Amortized Cost	[5]			2,844
Fair Value	[5],[10]			$ 2,712
Fair Value as % of Net Assets	[5],[12]			0.36%
Investment, Identifier [Axis]: Kenco Group, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5%
Interest rate	[5],[7],[8]			10.39%
Par Amount	[5],[7]			$ 8,498
Amortized Cost	[5],[7]			8,349
Fair Value	[5],[7],[10]			$ 8,498
Fair Value as % of Net Assets	[5],[7],[12]			1.14%
Investment, Identifier [Axis]: Kenco Group, Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5%
Interest rate	[6],[8],[16]			10.39%
Par Amount	[6],[16]			$ 1,416
Amortized Cost	[6],[16]			(24)
Fair Value	[6],[10],[16]			$ 0
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Kenco PPC Buyer LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	4.25%
Interest rate	[1],[3],[4],[13]	8.99%
Par Amount	[1],[3],[13]	$ 21,883
Amortized Cost	[1],[3],[13]	21,724
Fair Value	[1],[3],[9],[13]	$ 22,073
Fair Value as % of Net Assets	[1],[3],[11],[13]	2.28%
Investment, Identifier [Axis]: Kenco PPC Buyer LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.25%
Interest rate	[1],[2],[4]	8.99%
Par Amount	[1],[2]	$ 3,839
Amortized Cost	[1],[2]	(25)
Fair Value	[1],[2],[9]	$ 33
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Kenco PPC Buyer LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.25%
Interest rate	[1],[2],[4]	8.99%
Par Amount	[1],[2]	$ 4,111
Amortized Cost	[1],[2]	(37)
Fair Value	[1],[2],[9]	$ 36
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Keng Acquisition, Inc. (Engage Group Holdings, LLC)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[15]			6.25%
Interest rate	[5],[6],[8],[15]			11.60%
Par Amount	[5],[6],[15]			$ 9,667
Amortized Cost	[5],[6],[15]			9,526
Fair Value	[5],[6],[10],[15]			$ 9,528
Fair Value as % of Net Assets	[5],[6],[12],[15]			1.27%
Investment, Identifier [Axis]: Keng Acquisition, Inc. (Engage Group Holdings, LLC) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			6.25%
Interest rate	[6],[8],[15],[16]			11.60%
Par Amount	[6],[15],[16]			$ 9,314
Amortized Cost	[6],[15],[16]			1,179
Fair Value	[6],[10],[15],[16]			$ 1,067
Fair Value as % of Net Assets	[6],[12],[15],[16]			0.14%
Investment, Identifier [Axis]: LHS Acquistion, LLC (Summit Hill Foods)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.26%
Par Amount	[3]	$ 8,053
Amortized Cost	[3]	7,946
Fair Value	[3],[9]	$ 8,024
Fair Value as % of Net Assets	[3],[11]	0.83%
Investment, Identifier [Axis]: LMI Consulting, LLC (LMI)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			6.50%
Interest rate	[5],[8]			11.90%
Par Amount	[5]			$ 4,351
Amortized Cost	[5]			4,280
Fair Value	[5],[10]			$ 4,370
Fair Value as % of Net Assets	[5],[12]			0.59%
Investment, Identifier [Axis]: LMI Consulting, LLC (LMI) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6.50%
Interest rate	[7],[8]			11.89%
Par Amount	[7]			$ 4,938
Amortized Cost	[7]			4,938
Fair Value	[7],[10]			$ 4,959
Fair Value as % of Net Assets	[7],[12]			0.66%
Investment, Identifier [Axis]: LMI Renaissance
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 634
Fair Value	[6],[10],[17],[18]			$ 1,370
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.18%
Shares/Units	[6],[17],[18]			633,980
Investment, Identifier [Axis]: LRN Corporation (Lion Merger Sub, Inc.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[4],[14]	6.50%
Interest rate	[4],[14]	10.93%
Par Amount	[14]	$ 7,246
Amortized Cost	[14]	7,228
Fair Value	[9],[14]	$ 7,193
Fair Value as % of Net Assets	[11],[14]	0.74%
Investment, Identifier [Axis]: LRN Corporation (Lion Merger Sub, Inc.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	6.50%
Interest rate	[1],[4],[14]	10.93%
Par Amount	[1],[14]	$ 7,222
Amortized Cost	[1],[14]	7,189
Fair Value	[1],[9],[14]	$ 7,170
Fair Value as % of Net Assets	[1],[11],[14]	0.74%
Investment, Identifier [Axis]: LSCS Holdings Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[22]			4.50%
Interest rate	[5],[7],[8],[22]			9.86%
Par Amount	[5],[7],[22]			$ 9,800
Amortized Cost	[5],[7],[22]			9,762
Fair Value	[5],[7],[10],[22]			$ 9,675
Fair Value as % of Net Assets	[5],[7],[12],[22]			1.30%
Investment, Identifier [Axis]: LSCS Holdings, Inc. (Dohmen)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[23]	4.50%
Interest rate	[1],[3],[4],[13],[23]	8.97%
Par Amount	[1],[3],[13],[23]	$ 9,911
Amortized Cost	[1],[3],[13],[23]	9,871
Fair Value	[1],[3],[9],[13],[23]	$ 9,991
Fair Value as % of Net Assets	[1],[3],[11],[13],[23]	1.03%
Investment, Identifier [Axis]: LYNX FRANCHISING, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6.75%
Interest rate	[7],[8],[15]			12.47%
Par Amount	[7],[15]			$ 9,800
Amortized Cost	[7],[15]			9,725
Fair Value	[7],[10],[15]			$ 9,699
Fair Value as % of Net Assets	[7],[12],[15]			1.30%
Investment, Identifier [Axis]: Lapmaster Co-Investment, LLC (Precision Surfacing Solutions)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 3,750
Fair Value	[1],[9],[20],[24]	$ 6,214
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.64%
Shares/Units	[1],[20],[24]	3,750,000
Investment, Identifier [Axis]: Legacy Parent Holdings, LLC (Legacy Service Partners)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 491
Fair Value	[1],[9],[20]	$ 647
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	4,907
Investment, Identifier [Axis]: Legacy Service Partners, LLC (“LSP”)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.50%
Interest rate	[5],[6],[7],[8]			12%
Par Amount	[5],[6],[7]			$ 10,161
Amortized Cost	[5],[6],[7]			9,983
Fair Value	[5],[6],[7],[10]			$ 10,306
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.38%
Investment, Identifier [Axis]: Legacy Service Partners, LLC (“LSP”) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.50%
Interest rate	[6],[8],[16]			12%
Par Amount	[6],[16]			$ 4,734
Amortized Cost	[6],[16]			3,949
Fair Value	[6],[10],[16]			$ 4,037
Fair Value as % of Net Assets	[6],[12],[16]			0.54%
Investment, Identifier [Axis]: Legacy Service Partners, LLC (“LSP”) 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 491
Fair Value	[6],[10],[17],[18]			$ 544
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.07%
Shares/Units	[6],[17],[18]			4,907
Investment, Identifier [Axis]: Legacy Service Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[4]	5.25%
Interest rate	[4]	9.75%
Par Amount		$ 2,934
Amortized Cost		2,905
Fair Value	[9]	$ 2,921
Fair Value as % of Net Assets	[11]	0.30%
Investment, Identifier [Axis]: Legacy Service Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5.25%
Interest rate	[1],[3],[4],[13]	9.73%
Par Amount	[1],[3],[13]	$ 10,059
Amortized Cost	[1],[3],[13]	9,908
Fair Value	[1],[3],[9],[13]	$ 10,015
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.03%
Investment, Identifier [Axis]: Legacy Service Partners, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	9.77%
Par Amount	[3]	$ 4,688
Amortized Cost	[3]	4,672
Fair Value	[3],[9]	$ 4,668
Fair Value as % of Net Assets	[3],[11]	0.48%
Investment, Identifier [Axis]: Liberty Buyer
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			5.50%
Interest rate	[5],[8],[15]			11.18%
Par Amount	[5],[15]			$ 3,929
Amortized Cost	[5],[15]			3,898
Fair Value	[5],[10],[15]			$ 3,945
Fair Value as % of Net Assets	[5],[12],[15]			0.53%
Investment, Identifier [Axis]: Liberty Buyer (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.50%
Interest rate	[6],[8],[15],[16]			11.18%
Par Amount	[6],[15],[16]			$ 744
Amortized Cost	[6],[15],[16]			295
Fair Value	[6],[10],[15],[16]			$ 298
Fair Value as % of Net Assets	[6],[12],[15],[16]			0.04%
Investment, Identifier [Axis]: Liberty Buyer, Inc. (Liberty Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.11%
Par Amount	[3],[14]	$ 3,889
Amortized Cost	[3],[14]	3,865
Fair Value	[3],[9],[14]	$ 3,842
Fair Value as % of Net Assets	[3],[11],[14]	0.40%
Investment, Identifier [Axis]: Liberty Buyer, Inc. (Liberty Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.75%
Interest rate	[1],[2],[4],[14]	10.93%
Par Amount	[1],[2],[14]	$ 741
Amortized Cost	[1],[2],[14]	292
Fair Value	[1],[2],[9],[14]	$ 283
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.03%
Investment, Identifier [Axis]: Lion Merger Sub Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			6%
Interest rate	[5],[8],[15]			11.45%
Par Amount	[5],[15]			$ 7,342
Amortized Cost	[5],[15]			7,308
Fair Value	[5],[10],[15]			$ 7,259
Fair Value as % of Net Assets	[5],[12],[15]			0.97%
Investment, Identifier [Axis]: Lion Merger Sub Inc (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[15]			6%
Interest rate	[5],[6],[8],[15]			11.45%
Par Amount	[5],[6],[15]			$ 7,317
Amortized Cost	[5],[6],[15]			7,252
Fair Value	[5],[6],[10],[15]			$ 7,234
Fair Value as % of Net Assets	[5],[6],[12],[15]			0.97%
Investment, Identifier [Axis]: Loc Performance Products
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5.25%
Interest rate	[6],[7],[8]			10.71%
Par Amount	[6],[7]			$ 6,557
Amortized Cost	[6],[7]			6,502
Fair Value	[6],[7],[10]			$ 6,270
Fair Value as % of Net Assets	[6],[7],[12]			0.84%
Investment, Identifier [Axis]: Long Term Care Group
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			1%
Interest rate	[6],[7],[8],[15]			6.66%
Interest rate, PIK	[6],[7],[8],[15]			6%
Par Amount	[6],[7],[15]			$ 6,858
Amortized Cost	[6],[7],[15]			6,812
Fair Value	[6],[7],[10],[15]			$ 5,916
Fair Value as % of Net Assets	[6],[7],[12],[15]			0.79%
Investment, Identifier [Axis]: MBS Holdings, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			6.25%
Interest rate	[5],[8],[15]			11.71%
Par Amount	[5],[15]			$ 1,828
Amortized Cost	[5],[15]			1,797
Fair Value	[5],[10],[15]			$ 1,824
Fair Value as % of Net Assets	[5],[12],[15]			0.24%
Investment, Identifier [Axis]: MBS Holdings, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6.25%
Interest rate	[3],[4],[14]	11.09%
Par Amount	[3],[14]	$ 1,810
Amortized Cost	[3],[14]	1,788
Fair Value	[3],[9],[14]	$ 1,828
Fair Value as % of Net Assets	[3],[11],[14]	0.19%
Investment, Identifier [Axis]: MBS Holdings, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.75%
Interest rate	[3],[4],[13],[14]	10.59%
Par Amount	[3],[13],[14]	$ 9,950
Amortized Cost	[3],[13],[14]	9,910
Fair Value	[3],[9],[13],[14]	$ 9,950
Fair Value as % of Net Assets	[3],[11],[13],[14]	1.03%
Investment, Identifier [Axis]: MBS Holdings, Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6.50%
Interest rate	[3],[4],[14]	11.34%
Par Amount	[3],[14]	$ 1,301
Amortized Cost	[3],[14]	1,284
Fair Value	[3],[9],[14]	$ 1,314
Fair Value as % of Net Assets	[3],[11],[14]	0.14%
Investment, Identifier [Axis]: MDC Group Holdings, LP (Mosaic Dental)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 245
Fair Value	[1],[9],[20],[24]	$ 191
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.02%
Shares/Units	[1],[20],[24]	245
Investment, Identifier [Axis]: MDC Intermediate Holdings II, LLC
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			2.25%
Par Amount	[6]			$ 1,749
Amortized Cost	[6]			1,711
Fair Value	[6],[10]			$ 1,690
Fair Value as % of Net Assets	[6],[12]			0.23%
Investment, Identifier [Axis]: MDC Intermediate Holdings II, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			2.25%
Par Amount	[6],[16]			$ 721
Amortized Cost	[6],[16]			160
Fair Value	[6],[10],[16]			$ 143
Fair Value as % of Net Assets	[6],[12],[16]			0.02%
Investment, Identifier [Axis]: MDC Intermediate Holdings II, LLC (Mosaic Dental) 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	2.25%
Par Amount	[1]	$ 1,789
Amortized Cost	[1]	1,757
Fair Value	[1],[9]	$ 1,719
Fair Value as % of Net Assets	[1],[11]	0.18%
Investment, Identifier [Axis]: MDC Intermediate Holdings II, LLC (Mosaic Dental) 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	12.25%
Par Amount	[1]	$ 477
Amortized Cost	[1]	473
Fair Value	[1],[9]	$ 458
Fair Value as % of Net Assets	[1],[11]	0.05%
Investment, Identifier [Axis]: MEI Buyer LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5%
Interest rate	[1],[3],[4],[13]	9.36%
Par Amount	[1],[3],[13]	$ 11,316
Amortized Cost	[1],[3],[13]	11,130
Fair Value	[1],[3],[9],[13]	$ 11,319
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.17%
Investment, Identifier [Axis]: MEI Buyer LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.48%
Par Amount	[1]	$ 1,810
Amortized Cost	[1]	1,803
Fair Value	[1],[9]	$ 1,810
Fair Value as % of Net Assets	[1],[11]	0.19%
Investment, Identifier [Axis]: MEI Rigging & Crating
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.50%
Interest rate	[5],[6],[7],[8]			11.86%
Par Amount	[5],[6],[7]			$ 11,431
Amortized Cost	[5],[6],[7]			11,212
Fair Value	[5],[6],[7],[10]			$ 11,329
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.51%
Investment, Identifier [Axis]: MEI Rigging & Crating (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.50%
Interest rate	[6],[8],[16]			11.86%
Par Amount	[6],[16]			$ 1,814
Amortized Cost	[6],[16]			(8)
Fair Value	[6],[10],[16]			$ (16)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: MGM Transformer Company
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6%
Interest rate	[5],[6],[7],[8]			11.38%
Par Amount	[5],[6],[7]			$ 23,612
Amortized Cost	[5],[6],[7]			23,259
Fair Value	[5],[6],[7],[10]			$ 23,271
Fair Value as % of Net Assets	[5],[6],[7],[12]			3.11%
Investment, Identifier [Axis]: MGM Transformer Company (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.38%
Par Amount	[6],[16]			$ 6,388
Amortized Cost	[6],[16]			(16)
Fair Value	[6],[10],[16]			$ (92)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: MPG Parent Holdings, LLC (Market Performance Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.33%
Par Amount	[3],[13]	$ 12,525
Amortized Cost	[3],[13]	12,413
Fair Value	[3],[9],[13]	$ 12,650
Fair Value as % of Net Assets	[3],[11],[13]	1.31%
Investment, Identifier [Axis]: MPG Parent Holdings, LLC (Market Performance Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.59%
Par Amount	[1]	$ 3,075
Amortized Cost	[1]	3,075
Fair Value	[1],[9]	$ 3,106
Fair Value as % of Net Assets	[1],[11]	0.32%
Investment, Identifier [Axis]: MSM Acquisitions, Inc. (Spectrio) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	6%
Interest rate	[1],[3],[4],[14]	10.51%
Par Amount	[1],[3],[14]	$ 8,163
Amortized Cost	[1],[3],[14]	8,137
Fair Value	[1],[3],[9],[14]	$ 7,301
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.75%
Investment, Identifier [Axis]: MSM Acquisitions, Inc. (Spectrio) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	6%
Interest rate	[1],[3],[4],[14]	10.51%
Par Amount	[1],[3],[14]	$ 2,900
Amortized Cost	[1],[3],[14]	2,886
Fair Value	[1],[3],[9],[14]	$ 2,594
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.27%
Investment, Identifier [Axis]: MSM Acquisitions, Inc. (Spectrio) 3
Schedule of Investments [Line Items]
Spread above reference rate	[4],[14]	6%
Interest rate	[4],[14]	10.51%
Par Amount	[14]	$ 442
Amortized Cost	[14]	441
Fair Value	[9],[14]	$ 396
Fair Value as % of Net Assets	[11],[14]	0.04%
Investment, Identifier [Axis]: Market Performance Group 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			11.03%
Par Amount	[5],[7]			$ 2,505
Amortized Cost	[5],[7]			2,489
Fair Value	[5],[7],[10]			$ 2,505
Fair Value as % of Net Assets	[5],[7],[12]			0.33%
Investment, Identifier [Axis]: Market Performance Group 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			11.03%
Par Amount	[5],[7]			$ 7,275
Amortized Cost	[5],[7]			7,256
Fair Value	[5],[7],[10]			$ 7,275
Fair Value as % of Net Assets	[5],[7],[12]			0.97%
Investment, Identifier [Axis]: Matador US Buyer, LLC (Insulation Technology Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[24]	5%
Interest rate	[1],[3],[4],[13],[24]	9.36%
Par Amount	[1],[3],[13],[24]	$ 22,354
Amortized Cost	[1],[3],[13],[24]	22,142
Fair Value	[1],[3],[9],[13],[24]	$ 22,155
Fair Value as % of Net Assets	[1],[3],[11],[13],[24]	2.28%
Investment, Identifier [Axis]: Matador US Buyer, LLC (Insulation Technology Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[24]	5%
Interest rate	[1],[2],[4],[24]	9.36%
Par Amount	[1],[2],[24]	$ 5,912
Amortized Cost	[1],[2],[24]	0
Fair Value	[1],[2],[9],[24]	$ (53)
Fair Value as % of Net Assets	[1],[2],[11],[24]	(0.01%)
Investment, Identifier [Axis]: Micronics
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			5.25%
Interest rate	[6],[8]			10%
Par Amount	[6]			$ 2,450
Amortized Cost	[6]			2,401
Fair Value	[6],[10]			$ 2,401
Fair Value as % of Net Assets	[6],[12]			0.32%
Investment, Identifier [Axis]: Micronics Filtration Holdings, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.50%
Interest rate	[1],[4]	13.18%
Par Amount	[1]	$ 2,450
Amortized Cost	[1]	2,416
Fair Value	[1],[9]	$ 2,413
Fair Value as % of Net Assets	[1],[11]	0.25%
Investment, Identifier [Axis]: Midwest Eye Consultants
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			4.50%
Interest rate	[5],[7],[8]			10.04%
Par Amount	[5],[7]			$ 9,021
Amortized Cost	[5],[7]			8,962
Fair Value	[5],[7],[10]			$ 8,790
Fair Value as % of Net Assets	[5],[7],[12]			1.18%
Investment, Identifier [Axis]: Midwest Eye Services, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.50%
Interest rate	[3],[4],[13]	8.96%
Par Amount	[3],[13]	$ 8,929
Amortized Cost	[3],[13]	8,886
Fair Value	[3],[9],[13]	$ 8,923
Fair Value as % of Net Assets	[3],[11],[13]	0.92%
Investment, Identifier [Axis]: Mobile Communications America Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6%
Interest rate	[5],[6],[7],[8]			11.35%
Par Amount	[5],[6],[7]			$ 18,505
Amortized Cost	[5],[6],[7]			18,232
Fair Value	[5],[6],[7],[10]			$ 18,241
Fair Value as % of Net Assets	[5],[6],[7],[12]			2.44%
Investment, Identifier [Axis]: Mobile Communications America Inc (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.35%
Par Amount	[6],[16]			$ 5,970
Amortized Cost	[6],[16]			(43)
Fair Value	[6],[10],[16]			$ (85)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Mobile Communications America, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.25%
Interest rate	[1],[3],[4]	9.86%
Par Amount	[1],[3]	$ 18,320
Amortized Cost	[1],[3]	18,110
Fair Value	[1],[3],[9]	$ 18,466
Fair Value as % of Net Assets	[1],[3],[11]	1.90%
Investment, Identifier [Axis]: Mobile Communications America, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.86%
Par Amount	[1],[2]	$ 5,965
Amortized Cost	[1],[2]	1,102
Fair Value	[1],[2],[9]	$ 1,186
Fair Value as % of Net Assets	[1],[2],[11]	0.12%
Investment, Identifier [Axis]: Momentum Telecom II
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.21%
Par Amount	[5],[7],[15]			$ 10,054
Amortized Cost	[5],[7],[15]			9,992
Fair Value	[5],[7],[10],[15]			$ 9,891
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.32%
Investment, Identifier [Axis]: Momentum Telecom II (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			6.50%
Interest rate	[6],[8],[15]			11.96%
Par Amount	[6],[15]			$ 1,314
Amortized Cost	[6],[15]			1,290
Fair Value	[6],[10],[15]			$ 1,320
Fair Value as % of Net Assets	[6],[12],[15]			0.18%
Investment, Identifier [Axis]: NFM & J, L.P. (The Facilities Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.44%
Par Amount	[3],[14]	$ 4,822
Amortized Cost	[3],[14]	4,799
Fair Value	[3],[9],[14]	$ 4,806
Fair Value as % of Net Assets	[3],[11],[14]	0.50%
Investment, Identifier [Axis]: NFM & J, L.P. (The Facilities Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.75%
Interest rate	[3],[4],[13],[14]	10.37%
Par Amount	[3],[13],[14]	$ 8,950
Amortized Cost	[3],[13],[14]	8,885
Fair Value	[3],[9],[13],[14]	$ 8,920
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.92%
Investment, Identifier [Axis]: NFM & J, L.P. (The Facilities Group) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.44%
Par Amount	[3],[14]	$ 4,902
Amortized Cost	[3],[14]	4,902
Fair Value	[3],[9],[14]	$ 4,885
Fair Value as % of Net Assets	[3],[11],[14]	0.50%
Investment, Identifier [Axis]: NFM & J, L.P. (The Facilities Group) 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.75%
Interest rate	[1],[2],[4],[14]	10.42%
Par Amount	[1],[2],[14]	$ 5,026
Amortized Cost	[1],[2],[14]	561
Fair Value	[1],[2],[9],[14]	$ 544
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.06%
Investment, Identifier [Axis]: NJEye LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.75%
Interest rate	[7],[8]			10.39%
Par Amount	[7]			$ 5,340
Amortized Cost	[7]			5,331
Fair Value	[7],[10]			$ 5,283
Fair Value as % of Net Assets	[7],[12]			0.71%
Investment, Identifier [Axis]: NJEye LLC (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.75%
Interest rate	[7],[8]			10.39%
Par Amount	[7]			$ 700
Amortized Cost	[7]			700
Fair Value	[7],[10]			$ 692
Fair Value as % of Net Assets	[7],[12]			0.09%
Investment, Identifier [Axis]: NJEye LLC (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			4.75%
Interest rate	[6],[8],[16]			10.39%
Par Amount	[6],[16]			$ 1,373
Amortized Cost	[6],[16]			883
Fair Value	[6],[10],[16]			$ 870
Fair Value as % of Net Assets	[6],[12],[16]			0.12%
Investment, Identifier [Axis]: NJEye LLC (Delayed Draw) 3
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			4.75%
Interest rate	[6],[8]			10.44%
Par Amount	[6]			$ 890
Amortized Cost	[6]			890
Fair Value	[6],[10]			$ 881
Fair Value as % of Net Assets	[6],[12]			0.12%
Investment, Identifier [Axis]: NJEye LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	10.25%
Par Amount	[3]	$ 5,284
Amortized Cost	[3]	5,281
Fair Value	[3],[9]	$ 5,284
Fair Value as % of Net Assets	[3],[11]	0.54%
Investment, Identifier [Axis]: NJEye LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	10.25%
Par Amount	[3]	$ 693
Amortized Cost	[3]	693
Fair Value	[3],[9]	$ 693
Fair Value as % of Net Assets	[3],[11]	0.07%
Investment, Identifier [Axis]: NJEye LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.58%
Par Amount	[1]	$ 884
Amortized Cost	[1]	884
Fair Value	[1],[9]	$ 884
Fair Value as % of Net Assets	[1],[11]	0.09%
Investment, Identifier [Axis]: NJEye LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.39%
Par Amount	[3]	$ 881
Amortized Cost	[3]	881
Fair Value	[3],[9]	$ 881
Fair Value as % of Net Assets	[3],[11]	0.09%
Investment, Identifier [Axis]: National Power
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6%
Interest rate	[5],[6],[8]			11.36%
Par Amount	[5],[6]			$ 5,674
Amortized Cost	[5],[6]			5,589
Fair Value	[5],[6],[10]			$ 5,593
Fair Value as % of Net Assets	[5],[6],[12]			0.75%
Investment, Identifier [Axis]: National Power (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.36%
Par Amount	[6],[16]			$ 3,051
Amortized Cost	[6],[16]			(7)
Fair Value	[6],[10],[16]			$ (44)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: National Renovations LLC (Repipe Specialists) 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	3.33%
Interest rate, PIK	[1],[4]	9.17%
Par Amount	[1]	$ 2,611
Amortized Cost	[1]	2,577
Fair Value	[1],[9]	$ 2,200
Fair Value as % of Net Assets	[1],[11]	0.23%
Investment, Identifier [Axis]: National Renovations LLC (Repipe Specialists) 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	3.33%
Interest rate, PIK	[1],[4]	9.17%
Par Amount	[1]	$ 226
Amortized Cost	[1]	226
Fair Value	[1],[9]	$ 190
Fair Value as % of Net Assets	[1],[11]	0.02%
Investment, Identifier [Axis]: North Haven CS Acquisition Inc
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.25%
Interest rate	[7],[8]			10.78%
Par Amount	[7]			$ 5,787
Amortized Cost	[7]			5,787
Fair Value	[7],[10]			$ 5,787
Fair Value as % of Net Assets	[7],[12]			0.77%
Investment, Identifier [Axis]: North Haven CS Acquisition, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	10.02%
Par Amount	[3]	$ 5,717
Amortized Cost	[3]	5,717
Fair Value	[3],[9]	$ 5,774
Fair Value as % of Net Assets	[3],[11]	0.60%
Investment, Identifier [Axis]: North Haven CS Acquisition, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5.25%
Interest rate	[1],[3],[4],[13]	10.02%
Par Amount	[1],[3],[13]	$ 22,187
Amortized Cost	[1],[3],[13]	22,023
Fair Value	[1],[3],[9],[13]	$ 22,409
Fair Value as % of Net Assets	[1],[3],[11],[13]	2.31%
Investment, Identifier [Axis]: North Haven Fairway Buyer, LLC (Fairway Lawns) 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	8%
Interest rate, PIK	[1],[4]	5%
Par Amount	[1]	$ 2,908
Amortized Cost	[1]	2,852
Fair Value	[1],[9]	$ 2,869
Fair Value as % of Net Assets	[1],[11]	0.30%
Investment, Identifier [Axis]: North Haven Fairway Buyer, LLC (Fairway Lawns) 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	8%
Interest rate, PIK	[1],[4]	5%
Par Amount	[1]	$ 6,681
Amortized Cost	[1]	6,681
Fair Value	[1],[9]	$ 6,592
Fair Value as % of Net Assets	[1],[11]	0.68%
Investment, Identifier [Axis]: North Haven Fairway Buyer, LLC (Fairway Lawns) 3
Schedule of Investments [Line Items]
Interest rate	[1],[2],[4]	8%
Interest rate, PIK	[1],[2],[4]	5%
Par Amount	[1],[2]	$ 6,276
Amortized Cost	[1],[2]	4,637
Fair Value	[1],[2],[9]	$ 4,554
Fair Value as % of Net Assets	[1],[2],[11]	0.47%
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6.25%
Interest rate	[7],[8]			11.63%
Par Amount	[7]			$ 2,503
Amortized Cost	[7]			2,501
Fair Value	[7],[10]			$ 2,497
Fair Value as % of Net Assets	[7],[12]			0.33%
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6.25%
Interest rate	[7],[8]			11.63%
Par Amount	[7]			$ 217
Amortized Cost	[7]			217
Fair Value	[7],[10]			$ 217
Fair Value as % of Net Assets	[7],[12]			0.03%
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.18%
Par Amount	[3]	$ 2,477
Amortized Cost	[3]	2,476
Fair Value	[3],[9]	$ 2,477
Fair Value as % of Net Assets	[3],[11]	0.26%
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.34%
Par Amount	[3]	$ 215
Amortized Cost	[3]	215
Fair Value	[3],[9]	$ 215
Fair Value as % of Net Assets	[3],[11]	0.02%
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[2],[4],[13]	5.75%
Interest rate	[2],[4],[13]	10.34%
Par Amount	[2],[13]	$ 3,260
Amortized Cost	[2],[13]	(7)
Fair Value	[2],[9],[13]	$ 0
Fair Value as % of Net Assets	[2],[11],[13]	0%
Investment, Identifier [Axis]: North Haven Terrapin IntermediateCo, LLC (Apex Companies)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 117
Fair Value	[1],[9],[20],[24]	$ 127
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.01%
Shares/Units	[1],[20],[24]	1,173
Investment, Identifier [Axis]: Nutrition 101 Buyer LLC (a/k/a 101, Inc.)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.25%
Interest rate	[5],[7],[8]			10.73%
Par Amount	[5],[7]			$ 6,648
Amortized Cost	[5],[7]			6,596
Fair Value	[5],[7],[10]			$ 6,518
Fair Value as % of Net Assets	[5],[7],[12]			0.87%
Investment, Identifier [Axis]: Nutrition 101 Buyer, LLC (101 Inc)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	9.94%
Par Amount	[3]	$ 6,581
Amortized Cost	[3]	6,541
Fair Value	[3],[9]	$ 6,109
Fair Value as % of Net Assets	[3],[11]	0.63%
Investment, Identifier [Axis]: OCM System One Buyer CTB, LLC (System One)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	3.75%
Interest rate	[1],[3],[4]	8.08%
Par Amount	[1],[3]	$ 3,204
Amortized Cost	[1],[3]	3,204
Fair Value	[1],[3],[9]	$ 3,204
Fair Value as % of Net Assets	[1],[3],[11]	0.33%
Investment, Identifier [Axis]: OEP Glass Purchaser
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.25%
Interest rate	[5],[6],[7],[8]			10.55%
Par Amount	[5],[6],[7]			$ 12,563
Amortized Cost	[5],[6],[7]			12,467
Fair Value	[5],[6],[7],[10]			$ 12,508
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.67%
Investment, Identifier [Axis]: OEP Glass Purchaser, LLC (PGW Auto Glass) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.39%
Par Amount	[3],[13]	$ 12,563
Amortized Cost	[3],[13]	12,485
Fair Value	[3],[9],[13]	$ 12,484
Fair Value as % of Net Assets	[3],[11],[13]	1.29%
Investment, Identifier [Axis]: OEP Glass Purchaser, LLC (PGW Auto Glass) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.39%
Par Amount	[1]	$ 2,425
Amortized Cost	[1]	2,403
Fair Value	[1],[9]	$ 2,410
Fair Value as % of Net Assets	[1],[11]	0.25%
Investment, Identifier [Axis]: OSG Topco Holdings, LLC (Output Services Group, Inc.)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 833
Fair Value	[1],[9],[20],[24]	$ 768
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.08%
Shares/Units	[1],[20],[24]	47,021
Investment, Identifier [Axis]: OSP Gannett Aggregator, LP (Gannett Fleming)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[26]	$ 895
Fair Value	[1],[9],[20],[26]	$ 1,180
Fair Value as % of Net Assets	[1],[11],[20],[26]	0.12%
Shares/Units	[1],[20],[26]	894,607
Investment, Identifier [Axis]: Oceansound Partners Co-Invest II, LP (Gannett Fleming)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 1,272
Fair Value	[1],[9],[20]	$ 1,678
Fair Value as % of Net Assets	[1],[11],[20]	0.17%
Shares/Units	[1],[20]	1,272,139
Investment, Identifier [Axis]: Oliver Investors, LP (Oliver Packaging)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 1,131
Fair Value	[1],[9],[20]	$ 673
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	11,916
Investment, Identifier [Axis]: Oliver Packaging
Schedule of Investments [Line Items]
Interest rate	[6],[8]			1%
Interest rate, PIK	[6],[8]			10%
Par Amount	[6]			$ 2,510
Amortized Cost	[6]			2,471
Fair Value	[6],[10]			$ 2,377
Fair Value as % of Net Assets	[6],[12]			0.32%
Investment, Identifier [Axis]: Oliver Packaging 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 1,023
Fair Value	[6],[10],[17],[18]			$ 640
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.09%
Shares/Units	[6],[17],[18]			10,230
Investment, Identifier [Axis]: Oliver Packaging, LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Par Amount	[1]	$ 2,510
Amortized Cost	[1]	2,479
Fair Value	[1],[9]	$ 2,366
Fair Value as % of Net Assets	[1],[11]	0.24%
Investment, Identifier [Axis]: Oliver Packaging, LLC 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	12.50%
Par Amount	[1]	$ 465
Amortized Cost	[1]	456
Fair Value	[1],[9]	$ 460
Fair Value as % of Net Assets	[1],[11]	0.05%
Investment, Identifier [Axis]: Olympic Buyer, Inc. (Ascensus)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	4.35%
Interest rate	[3],[4],[13],[14]	8.71%
Par Amount	[3],[13],[14]	$ 9,631
Amortized Cost	[3],[13],[14]	9,516
Fair Value	[3],[9],[13],[14]	$ 8,132
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.84%
Investment, Identifier [Axis]: Olympus US Bidco LLC (Phaidon International)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[24]	5.50%
Interest rate	[3],[4],[13],[24]	9.96%
Par Amount	[3],[13],[24]	$ 13,260
Amortized Cost	[3],[13],[24]	13,165
Fair Value	[3],[9],[13],[24]	$ 13,025
Fair Value as % of Net Assets	[3],[11],[13],[24]	1.34%
Investment, Identifier [Axis]: One World Fitness PFF LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.25%
Interest rate	[7],[8]			10.70%
Interest rate, PIK	[7],[8]			1%
Par Amount	[7]			$ 3,872
Amortized Cost	[7]			3,873
Fair Value	[7],[10]			$ 3,637
Fair Value as % of Net Assets	[7],[12]			0.48%
Investment, Identifier [Axis]: One World Fitness PFF, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.25%
Interest rate	[3],[4]	10.68%
Par Amount	[3]	$ 3,881
Amortized Cost	[3]	3,882
Fair Value	[3],[9]	$ 3,781
Fair Value as % of Net Assets	[3],[11]	0.39%
Investment, Identifier [Axis]: Online Labels Group
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5.25%
Interest rate	[5],[8]			10.61%
Par Amount	[5]			$ 3,328
Amortized Cost	[5]			3,295
Fair Value	[5],[10]			$ 3,296
Fair Value as % of Net Assets	[5],[12]			0.44%
Investment, Identifier [Axis]: Online Labels Group (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.25%
Interest rate	[6],[8],[16]			10.61%
Par Amount	[6],[16]			$ 403
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (4)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Online Labels Group (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.25%
Interest rate	[6],[8],[16]			10.61%
Par Amount	[6],[16]			$ 403
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (4)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Online Labels Group, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[4],[13]	5.25%
Interest rate	[4],[13]	9.58%
Par Amount	[13]	$ 3,295
Amortized Cost	[13]	3,267
Fair Value	[9],[13]	$ 3,295
Fair Value as % of Net Assets	[11],[13]	0.34%
Investment, Identifier [Axis]: Online Labels Group, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.58%
Par Amount	[1],[2]	$ 403
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ 0
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Online Labels Group, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.25%
Interest rate	[1],[2],[4]	9.58%
Par Amount	[1],[2]	$ 403
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ 0
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (Leo Facilities) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.50%
Interest rate	[1],[3],[4]	9.83%
Par Amount	[1],[3]	$ 8,464
Amortized Cost	[1],[3]	8,356
Fair Value	[1],[3],[9]	$ 8,359
Fair Value as % of Net Assets	[1],[3],[11]	0.86%
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (Leo Facilities) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	10.48%
Par Amount	[1],[2]	$ 6,405
Amortized Cost	[1],[2]	4,721
Fair Value	[1],[2],[9]	$ 4,654
Fair Value as % of Net Assets	[1],[2],[11]	0.48%
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (Leo Facilities) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	9.75%
Par Amount	[3]	$ 1,589
Amortized Cost	[3]	1,573
Fair Value	[3],[9]	$ 1,569
Fair Value as % of Net Assets	[3],[11]	0.16%
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (Leo Facilities) 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	10.58%
Par Amount	[1],[2]	$ 13,446
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ (167)
Fair Value as % of Net Assets	[1],[2],[11]	(0.02%)
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (dba Leo Facilities Maintenance)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6.25%
Interest rate	[5],[6],[7],[8]			11.65%
Par Amount	[5],[6],[7]			$ 8,550
Amortized Cost	[5],[6],[7]			8,426
Fair Value	[5],[6],[7],[10]			$ 8,429
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.13%
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (dba Leo Facilities Maintenance) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.65%
Par Amount	[6],[16]			$ 6,429
Amortized Cost	[6],[16]			(15)
Fair Value	[6],[10],[16]			$ (91)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Output Services Group, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate		8%	[1],[4],[24]	8%	[6],[8],[19]
Interest rate		12.86%	[1],[4],[24]	13.39%	[6],[8],[19]
Par Amount		$ 155	[1],[24]	$ 155	[6],[19]
Amortized Cost		155	[1],[24]	155	[6],[19]
Fair Value		$ 155	[1],[9],[24]	$ 155	[6],[10],[19]
Fair Value as % of Net Assets		0.02%	[1],[11],[24]	0.02%	[6],[12],[19]
Investment, Identifier [Axis]: Output Services Group, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate		6.25%	[1],[4]	6.25%	[6],[8]
Interest rate		11.11%	[1],[4]	7.32%	[6],[8]
Interest rate, PIK	[6],[8]			4.75%
Par Amount		$ 837	[1]	$ 837	[6]
Amortized Cost		837	[1]	837	[6]
Fair Value		$ 837	[1],[9]	$ 837	[6],[10]
Fair Value as % of Net Assets		0.09%	[1],[11]	0.11%	[6],[12]
Investment, Identifier [Axis]: Output Services Group, Inc. 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 833
Fair Value	[6],[10],[17],[18],[19]			$ 833
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.11%
Shares/Units	[6],[17],[18],[19]			47,021
Investment, Identifier [Axis]: Ovation Holdings, Inc 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5%
Interest rate	[3],[4],[13]	9.59%
Par Amount	[3],[13]	$ 7,954
Amortized Cost	[3],[13]	7,824
Fair Value	[3],[9],[13]	$ 7,946
Fair Value as % of Net Assets	[3],[11],[13]	0.82%
Investment, Identifier [Axis]: Ovation Holdings, Inc 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.59%
Par Amount	[1]	$ 1,882
Amortized Cost	[1]	1,864
Fair Value	[1],[9]	$ 1,880
Fair Value as % of Net Assets	[1],[11]	0.19%
Investment, Identifier [Axis]: Ovation Holdings, Inc 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.59%
Par Amount	[1],[2]	$ 7,901
Amortized Cost	[1],[2]	(78)
Fair Value	[1],[2],[9]	$ (8)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Ovation Holdings, Inc 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.50%
Par Amount	[1]	$ 948
Amortized Cost	[1]	939
Fair Value	[1],[9]	$ 947
Fair Value as % of Net Assets	[1],[11]	0.10%
Investment, Identifier [Axis]: Ovation Holdings, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.25%
Interest rate	[5],[7],[8]			11.78%
Par Amount	[5],[7]			$ 8,035
Amortized Cost	[5],[7]			7,876
Fair Value	[5],[7],[10]			$ 7,949
Fair Value as % of Net Assets	[5],[7],[12]			1.06%
Investment, Identifier [Axis]: Ovation Holdings, Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.78%
Par Amount	[6],[16]			$ 1,899
Amortized Cost	[6],[16]			1,535
Fair Value	[6],[10],[16]			$ 1,536
Fair Value as % of Net Assets	[6],[12],[16]			0.21%
Investment, Identifier [Axis]: PAG Holding Corp. (Precision Aviation Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.25%
Interest rate	[3],[4],[13]	9.58%
Par Amount	[3],[13]	$ 14,889
Amortized Cost	[3],[13]	14,628
Fair Value	[3],[9],[13]	$ 14,836
Fair Value as % of Net Assets	[3],[11],[13]	1.53%
Investment, Identifier [Axis]: PAG Holding Corp. (Precision Aviation Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.25%
Interest rate	[1],[4]	9.58%
Par Amount	[1]	$ 4,936
Amortized Cost	[1]	4,894
Fair Value	[1],[9]	$ 4,918
Fair Value as % of Net Assets	[1],[11]	0.51%
Investment, Identifier [Axis]: PLZ Corp (PLZ Aeroscience)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	7.50%
Interest rate	[1],[4]	11.97%
Par Amount	[1]	$ 13,500
Amortized Cost	[1]	13,252
Fair Value	[1],[9]	$ 12,272
Fair Value as % of Net Assets	[1],[11]	1.26%
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.98%
Interest rate	[5],[7],[8],[15]			11.52%
Par Amount	[5],[7],[15]			$ 8,735
Amortized Cost	[5],[7],[15]			8,711
Fair Value	[5],[7],[10],[15]			$ 8,664
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.16%
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.98%
Interest rate	[5],[7],[8],[15]			11.47%
Par Amount	[5],[7],[15]			$ 1,068
Amortized Cost	[5],[7],[15]			1,059
Fair Value	[5],[7],[10],[15]			$ 1,059
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.14%
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	3.25%
Interest rate	[1],[3],[4],[13],[14]	7.58%
Interest rate, PIK	[1],[3],[4],[13],[14]	1.75%
Par Amount	[1],[3],[13],[14]	$ 12,276
Amortized Cost	[1],[3],[13],[14]	12,238
Fair Value	[1],[3],[9],[13],[14]	$ 12,352
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.26%
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	3.25%
Interest rate	[1],[2],[4],[14]	7.58%
Interest rate, PIK	[1],[2],[4],[14]	1.75%
Par Amount	[1],[2],[14]	$ 1,106
Amortized Cost	[1],[2],[14]	(1)
Fair Value	[1],[2],[9],[14]	$ 7
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Palmetto Acquisitionco, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.75%
Interest rate	[5],[6],[7],[8]			11.10%
Par Amount	[5],[6],[7]			$ 13,314
Amortized Cost	[5],[6],[7]			13,091
Fair Value	[5],[6],[7],[10]			$ 13,085
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.74%
Investment, Identifier [Axis]: Palmetto Acquisitionco, Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.10%
Par Amount	[6],[16]			$ 4,842
Amortized Cost	[6],[16]			1,169
Fair Value	[6],[10],[16]			$ 1,103
Fair Value as % of Net Assets	[6],[12],[16]			0.15%
Investment, Identifier [Axis]: Palmetto Acquisitionco, Inc. (Tech24) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.08%
Par Amount	[3]	$ 13,181
Amortized Cost	[3]	12,987
Fair Value	[3],[9]	$ 12,986
Fair Value as % of Net Assets	[3],[11]	1.33%
Investment, Identifier [Axis]: Palmetto Acquisitionco, Inc. (Tech24) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.75%
Interest rate	[1],[2],[4]	10.24%
Par Amount	[1],[2]	$ 4,821
Amortized Cost	[1],[2]	3,091
Fair Value	[1],[2],[9]	$ 3,035
Fair Value as % of Net Assets	[1],[2],[11]	0.31%
Investment, Identifier [Axis]: Patriot Growth Insurance Service (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.75%
Interest rate	[6],[8],[15]			11.25%
Par Amount	[6],[15]			$ 7,166
Amortized Cost	[6],[15]			7,109
Fair Value	[6],[10],[15]			$ 7,003
Fair Value as % of Net Assets	[6],[12],[15]			0.94%
Investment, Identifier [Axis]: Patriot Growth Insurance Services, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5%
Interest rate	[1],[4],[14]	9.48%
Par Amount	[1],[14]	$ 7,100
Amortized Cost	[1],[14]	7,052
Fair Value	[1],[9],[14]	$ 7,091
Fair Value as % of Net Assets	[1],[11],[14]	0.73%
Investment, Identifier [Axis]: Pegasus Aggregator Holdings LP (S&S Truck Parts)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 668
Fair Value	[1],[9],[20]	$ 644
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	7
Investment, Identifier [Axis]: Perennial Services Group, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	10.11%
Par Amount	[3]	$ 6,665
Amortized Cost	[3]	6,586
Fair Value	[3],[9]	$ 6,732
Fair Value as % of Net Assets	[3],[11]	0.69%
Investment, Identifier [Axis]: Perennial Services Group, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.50%
Interest rate	[1],[3],[4]	10.11%
Par Amount	[1],[3]	$ 5,965
Amortized Cost	[1],[3]	5,958
Fair Value	[1],[3],[9]	$ 6,024
Fair Value as % of Net Assets	[1],[3],[11]	0.62%
Investment, Identifier [Axis]: Perennial Services Investors LLC
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 778
Fair Value	[6],[10],[17],[18],[19]			$ 1,077
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.14%
Shares/Units	[6],[17],[18],[19]			7,784
Investment, Identifier [Axis]: Perennial Services Investors LLC (Perennial Services Group)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 778
Fair Value	[1],[9],[20],[24]	$ 894
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.09%
Shares/Units	[1],[20],[24]	7,784
Investment, Identifier [Axis]: Perennial Services, Group, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6%
Interest rate	[5],[7],[8]			11.49%
Par Amount	[5],[7]			$ 6,733
Amortized Cost	[5],[7]			6,637
Fair Value	[5],[7],[10]			$ 6,634
Fair Value as % of Net Assets	[5],[7],[12]			0.89%
Investment, Identifier [Axis]: Perennial Services, Group, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			6%
Interest rate	[6],[8]			11.49%
Par Amount	[6]			$ 6,025
Amortized Cost	[6]			6,011
Fair Value	[6],[10]			$ 5,937
Fair Value as % of Net Assets	[6],[12]			0.79%
Investment, Identifier [Axis]: Petmate
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			5.50%
Interest rate	[6],[7],[8],[15]			11.23%
Par Amount	[6],[7],[15]			$ 9,825
Amortized Cost	[6],[7],[15]			9,753
Fair Value	[6],[7],[10],[15]			$ 5,846
Fair Value as % of Net Assets	[6],[7],[12],[15]			0.78%
Investment, Identifier [Axis]: Phaidon International
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[19],[27]			5.50%
Interest rate	[5],[6],[7],[8],[19],[27]			10.96%
Par Amount	[5],[6],[7],[19],[27]			$ 14,010
Amortized Cost	[5],[6],[7],[19],[27]			13,892
Fair Value	[5],[6],[7],[10],[19],[27]			$ 14,010
Fair Value as % of Net Assets	[5],[6],[7],[12],[19],[27]			1.88%
Investment, Identifier [Axis]: Phoenix Topco Holdings LP (S&S Truck Parts) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 974
Fair Value	[1],[9],[20],[24]	$ 1,052
Fair Value as % of Net Assets	[1],[11],[20],[24]	0.11%
Shares/Units	[1],[20],[24]	1,000
Investment, Identifier [Axis]: Phoenix Topco Holdings LP (S&S Truck Parts) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 1
Fair Value	[1],[9],[20],[24]	$ 0
Fair Value as % of Net Assets	[1],[11],[20],[24]	0%
Shares/Units	[1],[20],[24]	1,000
Investment, Identifier [Axis]: Pinnacle Supply Partners, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6%
Interest rate	[5],[7],[8]			11.47%
Par Amount	[5],[7]			$ 6,332
Amortized Cost	[5],[7]			6,214
Fair Value	[5],[7],[10]			$ 6,287
Fair Value as % of Net Assets	[5],[7],[12]			0.84%
Investment, Identifier [Axis]: Pinnacle Supply Partners, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.47%
Par Amount	[6],[16]			$ 3,636
Amortized Cost	[6],[16]			(30)
Fair Value	[6],[10],[16]			$ (26)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Pinnacle Supply Partners, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	6.25%
Interest rate	[3],[4]	10.81%
Par Amount	[3]	$ 6,268
Amortized Cost		6,167	[3]	$ 280	[6],[17],[18]
Fair Value		$ 6,168	[3],[9]	$ 281	[6],[10],[17],[18]
Fair Value as % of Net Assets		0.64%	[3],[11]	0.04%	[6],[12],[17],[18]
Shares/Units	[6],[17],[18]			279,687
Investment, Identifier [Axis]: Pinnacle Supply Partners, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	6.25%
Interest rate	[1],[2],[4]	10.94%
Par Amount	[1],[2]	$ 3,626
Amortized Cost	[1],[2]	1,362
Fair Value	[1],[2],[9]	$ 1,325
Fair Value as % of Net Assets	[1],[2],[11]	0.14%
Investment, Identifier [Axis]: Plaze
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			7.50%
Interest rate	[6],[8]			12.97%
Par Amount	[6]			$ 13,500
Amortized Cost	[6]			13,201
Fair Value	[6],[10]			$ 12,465
Fair Value as % of Net Assets	[6],[12]			1.67%
Investment, Identifier [Axis]: Precision Aviation Group
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.75%
Interest rate	[5],[6],[7],[8]			11.12%
Par Amount	[5],[6],[7]			$ 15,039
Amortized Cost	[5],[6],[7]			14,740
Fair Value	[5],[6],[7],[10]			$ 14,740
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.97%
Investment, Identifier [Axis]: Precision Aviation Group (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.12%
Par Amount	[6],[16]			$ 4,961
Amortized Cost	[6],[16]			(49)
Fair Value	[6],[10],[16]			$ (99)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Precision Surfacing
Schedule of Investments [Line Items]
Interest rate	[6],[8]			15%
Par Amount	[6]			$ 713
Amortized Cost	[6]			713
Fair Value	[6],[10]			$ 713
Fair Value as % of Net Assets	[6],[12]			0.09%
Investment, Identifier [Axis]: Precision Surfacing - Common
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19]			$ 3,750
Fair Value	[6],[10],[17],[18],[19]			$ 6,513
Fair Value as % of Net Assets	[6],[12],[17],[18],[19]			0.87%
Shares/Units	[6],[17],[18],[19]			3,750,000
Investment, Identifier [Axis]: PromptCare
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6%
Interest rate	[5],[7],[8],[15]			11.46%
Par Amount	[5],[7],[15]			$ 8,204
Amortized Cost	[5],[7],[15]			8,121
Fair Value	[5],[7],[10],[15]			$ 8,079
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.08%
Investment, Identifier [Axis]: PromptCare (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6%
Interest rate	[5],[6],[7],[8],[15]			11.46%
Par Amount	[5],[6],[7],[15]			$ 1,278
Amortized Cost	[5],[6],[7],[15]			1,271
Fair Value	[5],[6],[7],[10],[15]			$ 1,258
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			0.17%
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	6%
Interest rate	[1],[2],[4],[14]	10.44%
Par Amount	[1],[2],[14]	$ 2,868
Amortized Cost	[1],[2],[14]	1,430
Fair Value	[1],[2],[9],[14]	$ 1,430
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.15%
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6%
Interest rate	[3],[4],[14]	10.44%
Par Amount	[3],[14]	$ 8,120
Amortized Cost	[3],[14]	8,077
Fair Value	[3],[9],[14]	$ 8,120
Fair Value as % of Net Assets	[3],[11],[14]	0.84%
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	6%
Interest rate	[3],[4],[14]	10.44%
Par Amount	[3],[14]	$ 1,265
Amortized Cost	[3],[14]	1,262
Fair Value	[3],[9],[14]	$ 1,265
Fair Value as % of Net Assets	[3],[11],[14]	0.13%
Investment, Identifier [Axis]: Prosci, Inc.
Schedule of Investments [Line Items]
Spread above reference rate		4.50%	[3],[4]	4.50%	[7],[8]
Interest rate		8.96%	[3],[4]	9.99%	[7],[8]
Par Amount		$ 4,733	[3]	$ 4,733	[7]
Amortized Cost		4,713	[3]	4,704	[7]
Fair Value		$ 4,733	[3],[9]	$ 4,708	[7],[10]
Fair Value as % of Net Assets		0.49%	[3],[11]	0.63%	[7],[12]
Investment, Identifier [Axis]: Protective Industrial Products (“PIP”)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			5%
Interest rate	[5],[6],[7],[8],[15]			10.47%
Par Amount	[5],[6],[7],[15]			$ 4,860
Amortized Cost	[5],[6],[7],[15]			4,684
Fair Value	[5],[6],[7],[10],[15]			$ 4,909
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			0.66%
Investment, Identifier [Axis]: QHR Health, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[24]	5.25%
Interest rate	[3],[4],[13],[24]	9.93%
Par Amount	[3],[13],[24]	$ 7,601
Amortized Cost	[3],[13],[24]	7,560
Fair Value	[3],[9],[13],[24]	$ 7,675
Fair Value as % of Net Assets	[3],[11],[13],[24]	0.79%
Investment, Identifier [Axis]: QHR Health, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[24]	5.25%
Interest rate	[3],[4],[24]	9.71%
Par Amount	[3],[24]	$ 3,215
Amortized Cost	[3],[24]	3,210
Fair Value	[3],[9],[24]	$ 3,246
Fair Value as % of Net Assets	[3],[11],[24]	0.33%
Investment, Identifier [Axis]: QHR Health, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.25%
Interest rate	[3],[4],[13]	9.71%
Par Amount	[3],[13]	$ 3,215
Amortized Cost	[3],[13]	3,180
Fair Value	[3],[9],[13]	$ 3,246
Fair Value as % of Net Assets	[3],[11],[13]	0.33%
Investment, Identifier [Axis]: Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6.50%
Interest rate	[7],[8],[15]			12.04%
Par Amount	[7],[15]			$ 258
Amortized Cost	[7],[15]			257
Fair Value	[7],[10],[15]			$ 254
Fair Value as % of Net Assets	[7],[12],[15]			0.03%
Investment, Identifier [Axis]: Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 2
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6%
Interest rate	[7],[8],[15]			11.54%
Par Amount	[7],[15]			$ 895
Amortized Cost	[7],[15]			891
Fair Value	[7],[10],[15]			$ 877
Fair Value as % of Net Assets	[7],[12],[15]			0.12%
Investment, Identifier [Axis]: Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 3
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6.50%
Interest rate	[7],[8],[15]			12.04%
Par Amount	[7],[15]			$ 181
Amortized Cost	[7],[15]			180
Fair Value	[7],[10],[15]			$ 178
Fair Value as % of Net Assets	[7],[12],[15]			0.02%
Investment, Identifier [Axis]: Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 4
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6.50%
Interest rate	[7],[8],[15]			12.04%
Par Amount	[7],[15]			$ 4,367
Amortized Cost	[7],[15]			4,350
Fair Value	[7],[10],[15]			$ 4,306
Fair Value as % of Net Assets	[7],[12],[15]			0.57%
Investment, Identifier [Axis]: Quantix (f/k/a A&R Logistics Holdings, Inc.) (Incremental) 5
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			6.50%
Interest rate	[5],[8],[15]			11.90%
Par Amount	[5],[15]			$ 1,359
Amortized Cost	[5],[15]			1,343
Fair Value	[5],[10],[15]			$ 1,340
Fair Value as % of Net Assets	[5],[12],[15]			0.18%
Investment, Identifier [Axis]: Quartz Holding Company (Quickbase)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	3.50%
Interest rate	[1],[3],[4],[13]	7.86%
Par Amount	[1],[3],[13]	$ 6,833
Amortized Cost	[1],[3],[13]	6,811
Fair Value	[1],[3],[9],[13]	$ 6,803
Fair Value as % of Net Assets	[1],[3],[11],[13]	0.70%
Investment, Identifier [Axis]: Quorum Health Resources, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.75%
Interest rate	[5],[7],[8]			11.50%
Par Amount	[5],[7]			$ 7,680
Amortized Cost	[5],[7]			7,627
Fair Value	[5],[7],[10]			$ 7,552
Fair Value as % of Net Assets	[5],[7],[12]			1.01%
Investment, Identifier [Axis]: Quorum Health Resources, LLC (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[19]			6.25%
Interest rate	[6],[7],[8],[19]			11.68%
Par Amount	[6],[7],[19]			$ 3,248
Amortized Cost	[6],[7],[19]			3,240
Fair Value	[6],[7],[10],[19]			$ 3,240
Fair Value as % of Net Assets	[6],[7],[12],[19]			0.43%
Investment, Identifier [Axis]: Quorum Health Resources, LLC (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[19]			6.25%
Interest rate	[5],[6],[8],[19]			11.68%
Par Amount	[5],[6],[19]			$ 3,248
Amortized Cost	[5],[6],[19]			3,201
Fair Value	[5],[6],[10],[19]			$ 3,240
Fair Value as % of Net Assets	[5],[6],[12],[19]			0.43%
Investment, Identifier [Axis]: R1 Holdings, LLC (RoadOne)
Schedule of Investments [Line Items]
Interest rate	[1],[4]	8.75%
Interest rate, PIK	[1],[4]	5%
Par Amount	[1]	$ 4,944
Amortized Cost	[1]	4,839
Fair Value	[1],[9]	$ 4,815
Fair Value as % of Net Assets	[1],[11]	0.50%
Investment, Identifier [Axis]: RA Parent Holdings LP (S&S Truck Parts) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.62%
Par Amount	[3]	$ 7,935
Amortized Cost	[3]	7,883
Fair Value	[3],[9]	$ 7,830
Fair Value as % of Net Assets	[3],[11]	0.81%
Investment, Identifier [Axis]: RA Parent Holdings LP (S&S Truck Parts) 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.46%
Par Amount	[3]	$ 97
Amortized Cost	[3]	97
Fair Value	[3],[9]	$ 96
Fair Value as % of Net Assets	[3],[11]	0.01%
Investment, Identifier [Axis]: RA Parent Holdings LP (S&S Truck Parts) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.61%
Par Amount	[3]	$ 1,707
Amortized Cost	[3]	1,707
Fair Value	[3],[9]	$ 1,685
Fair Value as % of Net Assets	[3],[11]	0.17%
Investment, Identifier [Axis]: RA Parent Holdings LP (S&S Truck Parts) 5
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5%
Interest rate	[1],[3],[4],[13]	9.46%
Par Amount	[1],[3],[13]	$ 20,033
Amortized Cost	[1],[3],[13]	19,849
Fair Value	[1],[3],[9],[13]	$ 19,767
Fair Value as % of Net Assets	[1],[3],[11],[13]	2.04%
Investment, Identifier [Axis]: REP Coinvest III AAD, L.P. (Anne Arundel)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 880
Fair Value	[1],[9],[20]	$ 0
Fair Value as % of Net Assets	[1],[11],[20]	0%
Shares/Units	[1],[20]	12,175
Investment, Identifier [Axis]: REP HS Holdings, LLC (HemaSource)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 577
Fair Value	[1],[9],[20]	$ 795
Fair Value as % of Net Assets	[1],[11],[20]	0.08%
Shares/Units	[1],[20]	577,000
Investment, Identifier [Axis]: REP HS Topco Holdings (HemaSource Inc.)
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 577
Fair Value	[6],[10],[17],[18]			$ 645
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.09%
Shares/Units	[6],[17],[18]			577,000
Investment, Identifier [Axis]: REP RO Coinvest IV-A, LP (RoadOne)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 939
Fair Value	[1],[9],[20]	$ 809
Fair Value as % of Net Assets	[1],[11],[20]	0.07%
Shares/Units	[1],[20]	938,576
Investment, Identifier [Axis]: RPI Investments LP (Rose Paving)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 100
Fair Value	[1],[9],[20]	$ 100
Fair Value as % of Net Assets	[1],[11],[20]	0.01%
Shares/Units	[1],[20]	690
Investment, Identifier [Axis]: RTH Buyer LLC (dba Rhino Tool House)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6.25%
Interest rate	[5],[6],[8]			11.97%
Par Amount	[5],[6]			$ 8,052
Amortized Cost	[5],[6]			7,902
Fair Value	[5],[6],[10]			$ 7,986
Fair Value as % of Net Assets	[5],[6],[12]			1.07%
Investment, Identifier [Axis]: RTH Buyer LLC (dba Rhino Tool House) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.97%
Par Amount	[6],[16]			$ 1,885
Amortized Cost	[6],[16]			956
Fair Value	[6],[10],[16]			$ 949
Fair Value as % of Net Assets	[6],[12],[16]			0.13%
Investment, Identifier [Axis]: Randys Holdings, Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6.50%
Interest rate	[5],[6],[7],[8],[15]			11.88%
Par Amount	[5],[6],[7],[15]			$ 11,138
Amortized Cost	[5],[6],[7],[15]			10,943
Fair Value	[5],[6],[7],[10],[15]			$ 10,997
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.47%
Investment, Identifier [Axis]: Randys Holdings, Inc (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			6.50%
Interest rate	[6],[8],[15],[16]			11.88%
Par Amount	[6],[15],[16]			$ 3,750
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (47)
Fair Value as % of Net Assets	[6],[12],[15],[16]			(0.01%)
Investment, Identifier [Axis]: Randys Holdings, Inc. (Randy's Worldwide Automotive) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	5%
Interest rate	[1],[3],[4],[13],[14]	9.57%
Par Amount	[1],[3],[13],[14]	$ 11,025
Amortized Cost	[1],[3],[13],[14]	10,865
Fair Value	[1],[3],[9],[13],[14]	$ 10,908
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.12%
Investment, Identifier [Axis]: Randys Holdings, Inc. (Randy's Worldwide Automotive) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.57%
Par Amount	[1],[2],[14]	$ 3,744
Amortized Cost	[1],[2],[14]	1,108
Fair Value	[1],[2],[9],[14]	$ 1,068
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.11%
Investment, Identifier [Axis]: Red Griffin TopCo, LLC (Seko Global Logistics LLC) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 2,820
Fair Value	[1],[9],[20]	$ 2,820
Fair Value as % of Net Assets	[1],[11],[20]	0.29%
Shares/Units	[1],[20]	778
Investment, Identifier [Axis]: Red Griffin TopCo, LLC (Seko Global Logistics LLC) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 1,481
Fair Value	[1],[9],[20]	$ 1,481
Fair Value as % of Net Assets	[1],[11],[20]	0.15%
Shares/Units	[1],[20]	409
Investment, Identifier [Axis]: Redwood Services Group, LLC (Evergreen Services Group) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	6.25%
Interest rate	[1],[3],[4],[14]	10.68%
Par Amount	[1],[3],[14]	$ 11,845
Amortized Cost	[1],[3],[14]	11,672
Fair Value	[1],[3],[9],[14]	$ 11,845
Fair Value as % of Net Assets	[1],[3],[11],[14]	1.22%
Investment, Identifier [Axis]: Redwood Services Group, LLC (Evergreen Services Group) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	6.25%
Interest rate	[1],[4],[14]	10.68%
Par Amount	[1],[14]	$ 2,834
Amortized Cost	[1],[14]	2,813
Fair Value	[1],[9],[14]	$ 2,834
Fair Value as % of Net Assets	[1],[11],[14]	0.29%
Investment, Identifier [Axis]: Refresh Buyer, LLC (Sunny Sky Products) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	4.50%
Interest rate	[1],[3],[4]	9.58%
Par Amount	[1],[3]	$ 7,023
Amortized Cost	[1],[3]	6,965
Fair Value	[1],[3],[9]	$ 6,963
Fair Value as % of Net Assets	[1],[3],[11]	0.72%
Investment, Identifier [Axis]: Refresh Buyer, LLC (Sunny Sky Products) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.50%
Interest rate	[1],[2],[4]	9.58%
Par Amount	[1],[2]	$ 1,773
Amortized Cost	[1],[2]	0
Fair Value	[1],[2],[9]	$ (15)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Renaissance Buyer, LLC (LMI Consulting, LLC)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5.50%
Interest rate	[1],[3],[4],[13]	9.88%
Par Amount	[1],[3],[13]	$ 12,132
Amortized Cost	[1],[3],[13]	12,033
Fair Value	[1],[3],[9],[13]	$ 12,162
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.25%
Investment, Identifier [Axis]: Repipe Aggregator, LLC (Repipe Specialists)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20],[24]	$ 253
Fair Value	[1],[9],[20],[24]	$ 48
Fair Value as % of Net Assets	[1],[11],[20],[24]	0%
Shares/Units	[1],[20],[24]	253
Investment, Identifier [Axis]: Repipe Specialists
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			1%
Par Amount	[6]			$ 2,433
Amortized Cost	[6]			2,393
Fair Value	[6],[10]			$ 2,207
Fair Value as % of Net Assets	[6],[12]			0.30%
Investment, Identifier [Axis]: Repipe Specialists (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			10%
Interest rate, PIK	[6],[8],[16]			1%
Par Amount	[6],[16]			$ 901
Amortized Cost	[6],[16]			210
Fair Value	[6],[10],[16]			$ 126
Fair Value as % of Net Assets	[6],[12],[16]			0.01%
Investment, Identifier [Axis]: Repipe Specialists 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 239
Fair Value	[6],[10],[17],[18]			$ 6
Fair Value as % of Net Assets	[6],[12],[17],[18]			0%
Shares/Units	[6],[17],[18]			239
Investment, Identifier [Axis]: Revalize (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.21%
Par Amount	[5],[7],[15]			$ 4,243
Amortized Cost	[5],[7],[15]			4,232
Fair Value	[5],[7],[10],[15]			$ 4,064
Fair Value as % of Net Assets	[5],[7],[12],[15]			0.54%
Investment, Identifier [Axis]: Revalize (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			5.75%
Interest rate	[6],[7],[8],[15]			11.21%
Par Amount	[6],[7],[15]			$ 1,090
Amortized Cost	[6],[7],[15]			1,083
Fair Value	[6],[7],[10],[15]			$ 1,044
Fair Value as % of Net Assets	[6],[7],[12],[15]			0.14%
Investment, Identifier [Axis]: Revalize (Delayed Draw) 3
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.75%
Interest rate	[6],[8],[15]			11.25%
Par Amount	[6],[15]			$ 244
Amortized Cost	[6],[15]			243
Fair Value	[6],[10],[15]			$ 234
Fair Value as % of Net Assets	[6],[12],[15]			0.03%
Investment, Identifier [Axis]: Revalize Inc. (f/k/a AQ Holdco Inc.) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.75%
Interest rate	[3],[4],[13],[14]	10.49%
Par Amount	[3],[13],[14]	$ 4,200
Amortized Cost	[3],[13],[14]	4,192
Fair Value	[3],[9],[13],[14]	$ 3,934
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.41%
Investment, Identifier [Axis]: Revalize Inc. (f/k/a AQ Holdco Inc.) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	5.75%
Interest rate	[1],[3],[4],[14]	10.49%
Par Amount	[1],[3],[14]	$ 1,079
Amortized Cost	[1],[3],[14]	1,074
Fair Value	[1],[3],[9],[14]	$ 1,010
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.10%
Investment, Identifier [Axis]: Revalize Inc. (f/k/a AQ Holdco Inc.) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.75%
Interest rate	[1],[4],[14]	10.49%
Par Amount	[1],[14]	$ 239
Amortized Cost	[1],[14]	239
Fair Value	[1],[9],[14]	$ 224
Fair Value as % of Net Assets	[1],[11],[14]	0.02%
Investment, Identifier [Axis]: Rhino Intermediate Holding Company, LLC (Rhino Tool House) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.25%
Interest rate	[1],[3],[4]	9.79%
Par Amount	[1],[3]	$ 9,524
Amortized Cost	[1],[3]	9,389
Fair Value	[1],[3],[9]	$ 9,456
Fair Value as % of Net Assets	[1],[3],[11]	0.97%
Investment, Identifier [Axis]: Rhino Intermediate Holding Company, LLC (Rhino Tool House) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.25%
Interest rate	[1],[4]	10.14%
Par Amount	[1]	$ 1,831
Amortized Cost	[1]	1,825
Fair Value	[1],[9]	$ 1,818
Fair Value as % of Net Assets	[1],[11]	0.19%
Investment, Identifier [Axis]: Ridge Trail US Bidco, Inc. (Options IT) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	4.50%
Interest rate	[1],[4],[14]	8.86%
Par Amount	[1],[14]	$ 685
Amortized Cost	[1],[14]	678
Fair Value	[1],[9],[14]	$ 679
Fair Value as % of Net Assets	[1],[11],[14]	0.07%
Investment, Identifier [Axis]: Ridge Trail US Bidco, Inc. (Options IT) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.50%
Interest rate	[1],[2],[4],[14]	8.86%
Par Amount	[1],[2],[14]	$ 236
Amortized Cost	[1],[2],[14]	(1)
Fair Value	[1],[2],[9],[14]	$ (2)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Ridge Trail US Bidco, Inc. (Options IT) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.50%
Interest rate	[1],[2],[4],[14]	8.83%
Par Amount	[1],[2],[14]	$ 79
Amortized Cost	[1],[2],[14]	21
Fair Value	[1],[2],[9],[14]	$ 21
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Rise Baking
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			6.25%
Interest rate	[5],[7],[8],[15]			11.71%
Par Amount	[5],[7],[15]			$ 14,700
Amortized Cost	[5],[7],[15]			14,554
Fair Value	[5],[7],[10],[15]			$ 14,852
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.99%
Investment, Identifier [Axis]: Rise Baking (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.50%
Interest rate	[6],[8],[15]			10.96%
Par Amount	[6],[15]			$ 4,454
Amortized Cost	[6],[15]			4,432
Fair Value	[6],[10],[15]			$ 4,400
Fair Value as % of Net Assets	[6],[12],[15]			0.59%
Investment, Identifier [Axis]: Risk Strategies (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.50%
Interest rate	[6],[8],[15]			11%
Par Amount	[6],[15]			$ 14,869
Amortized Cost	[6],[15]			14,869
Fair Value	[6],[10],[15]			$ 14,606
Fair Value as % of Net Assets	[6],[12],[15]			1.95%
Investment, Identifier [Axis]: RoadOne
Schedule of Investments [Line Items]
Interest rate	[6],[8]			8.75%
Interest rate, PIK	[6],[8]			5%
Par Amount	[6]			$ 4,699
Amortized Cost	[6]			4,579
Fair Value	[6],[10]			$ 4,604
Fair Value as % of Net Assets	[6],[12]			0.62%
Investment, Identifier [Axis]: RoadOne (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8],[16]			8.75%
Interest rate, PIK	[6],[8],[16]			5%
Par Amount	[6],[16]			$ 1,397
Amortized Cost	[6],[16]			(18)
Fair Value	[6],[10],[16]			$ (28)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: RoadOne - Common
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 939
Fair Value	[6],[10],[17],[18]			$ 1,525
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.20%
Shares/Units	[6],[17],[18]			1,173,220
Investment, Identifier [Axis]: Rose Paving, LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[2],[4]	12.50%
Par Amount	[1],[2]	$ 191
Amortized Cost	[1],[2]	(1)
Fair Value	[1],[2],[9]	$ (2)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Rose Paving, LLC 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	12.50%
Par Amount	[1]	$ 2,937
Amortized Cost	[1]	2,900
Fair Value	[1],[9]	$ 2,901
Fair Value as % of Net Assets	[1],[11]	0.30%
Investment, Identifier [Axis]: Royal Holdco Corporation (Delayed Draw A)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.21%
Par Amount	[6],[16]			$ 4,690
Amortized Cost	[6],[16]			4,303
Fair Value	[6],[10],[16]			$ 4,246
Fair Value as % of Net Assets	[6],[12],[16]			0.57%
Investment, Identifier [Axis]: Royal Holdco Corporation (Delayed Draw B)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.21%
Par Amount	[6],[16]			$ 3,134
Amortized Cost	[6],[16]			(7)
Fair Value	[6],[10],[16]			$ (45)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Royal Holdco Corporation (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[19]			5.75%
Interest rate	[5],[6],[8],[19]			11.21%
Par Amount	[5],[6],[19]			$ 3,118
Amortized Cost	[5],[6],[19]			3,074
Fair Value	[5],[6],[10],[19]			$ 3,073
Fair Value as % of Net Assets	[5],[6],[12],[19]			0.41%
Investment, Identifier [Axis]: Royal Holdco Corporation (RMA Companies) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.24%
Par Amount	[3]	$ 5,229
Amortized Cost	[3]	5,178
Fair Value	[3],[9]	$ 5,178
Fair Value as % of Net Assets	[3],[11]	0.53%
Investment, Identifier [Axis]: Royal Holdco Corporation (RMA Companies) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.75%
Interest rate	[1],[3],[4]	10.44%
Par Amount	[1],[3]	$ 4,582
Amortized Cost	[1],[3]	4,575
Fair Value	[1],[3],[9]	$ 4,582
Fair Value as % of Net Assets	[1],[3],[11]	0.47%
Investment, Identifier [Axis]: Royal Holdco Corporation (RMA Companies) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.75%
Interest rate	[1],[4]	10.31%
Par Amount	[1]	$ 3,132
Amortized Cost	[1]	3,127
Fair Value	[1],[9]	$ 3,132
Fair Value as % of Net Assets	[1],[11]	0.32%
Investment, Identifier [Axis]: Royal Holdco Corporation (RMA Companies) 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.44%
Par Amount	[3]	$ 3,087
Amortized Cost	[3]	3,053
Fair Value	[3],[9]	$ 3,087
Fair Value as % of Net Assets	[3],[11]	0.32%
Investment, Identifier [Axis]: S&S Truck Parts (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5%
Interest rate	[6],[8],[16]			10.19%
Par Amount	[6],[16]			$ 98
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (1)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: S&S Truck Parts (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5%
Interest rate	[6],[8],[16]			10.19%
Par Amount	[6],[16]			$ 1,724
Amortized Cost	[6],[16]			1,576
Fair Value	[6],[10],[16]			$ 1,556
Fair Value as % of Net Assets	[6],[12],[16]			0.21%
Investment, Identifier [Axis]: S&S Truck Parts 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5%
Interest rate	[7],[8]			10.19%
Par Amount	[7]			$ 6,858
Amortized Cost	[7]			6,803
Fair Value	[7],[10]			$ 6,779
Fair Value as % of Net Assets	[7],[12]			0.91%
Investment, Identifier [Axis]: S&S Truck Parts 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5%
Interest rate	[5],[8]			10.19%
Par Amount	[5]			$ 1,159
Amortized Cost	[5]			1,150
Fair Value	[5],[10]			$ 1,146
Fair Value as % of Net Assets	[5],[12]			0.15%
Investment, Identifier [Axis]: S&S Truck Parts 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 378
Fair Value	[6],[10],[17],[18]			$ 299
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.04%
Shares/Units	[6],[17],[18]			4
Investment, Identifier [Axis]: S&S Truck Parts 4
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 79
Fair Value	[6],[10],[17],[18]			$ 62
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.01%
Shares/Units	[6],[17],[18]			78,541
Investment, Identifier [Axis]: SCP Eye Care Holdco, LLC (DBA EyeSouth Partners)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.75%
Interest rate	[5],[7],[8]			11.21%
Par Amount	[5],[7]			$ 7,474
Amortized Cost	[5],[7]			7,408
Fair Value	[5],[7],[10]			$ 7,382
Fair Value as % of Net Assets	[5],[7],[12]			0.99%
Investment, Identifier [Axis]: SCP Eye Care Holdco, LLC (DBA EyeSouth Partners) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.21%
Par Amount	[6],[16]			$ 2,443
Amortized Cost	[6],[16]			1,558
Fair Value	[6],[10],[16]			$ 1,528
Fair Value as % of Net Assets	[6],[12],[16]			0.21%
Investment, Identifier [Axis]: SEKO Global Logistics (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9%
Interest rate	[6],[8]			6.04%
Interest rate, PIK	[6],[8]			4.50%
Par Amount	[6]			$ 912
Amortized Cost	[6]			912
Fair Value	[6],[10]			$ 887
Fair Value as % of Net Assets	[6],[12]			0.12%
Investment, Identifier [Axis]: SEKO Global Logistics (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			5%
Interest rate	[6],[8]			10.72%
Par Amount	[6]			$ 4,485
Amortized Cost	[6]			4,485
Fair Value	[6],[10]			$ 4,444
Fair Value as % of Net Assets	[6],[12]			0.59%
Investment, Identifier [Axis]: SEKO Global Logistics (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5%
Interest rate	[5],[7],[8]			10.72%
Par Amount	[5],[7]			$ 1,517
Amortized Cost	[5],[7]			1,506
Fair Value	[5],[7],[10]			$ 1,503
Fair Value as % of Net Assets	[5],[7],[12]			0.20%
Investment, Identifier [Axis]: SEKO Global Logistics 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9%
Interest rate	[6],[8]			6.04%
Interest rate, PIK	[6],[8]			4.50%
Par Amount	[6]			$ 5,840
Amortized Cost	[6]			5,765
Fair Value	[6],[10]			$ 5,676
Fair Value as % of Net Assets	[6],[12]			0.76%
Investment, Identifier [Axis]: SEKO Global Logistics 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9%
Interest rate	[6],[8]			9.86%
Interest rate, PIK	[6],[8]			4.50%
Par Amount	[6]			$ 4,053
Amortized Cost	[6]			3,997
Fair Value	[6],[10]			$ 3,939
Fair Value as % of Net Assets	[6],[12]			0.53%
Investment, Identifier [Axis]: SEKO Global Logistics 3
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5%
Interest rate	[7],[8]			10.72%
Par Amount	[7]			$ 1,125
Amortized Cost	[7]			1,118
Fair Value	[7],[10]			$ 1,115
Fair Value as % of Net Assets	[7],[12]			0.15%
Investment, Identifier [Axis]: SEKO Global Logistics 4
Schedule of Investments [Line Items]
Amortized Cost	[6],[18]			$ 332
Fair Value	[6],[10],[18]			$ 1,221
Fair Value as % of Net Assets	[6],[12],[18]			0.16%
Shares/Units	[6],[18]			671,203
Investment, Identifier [Axis]: SEKO Global Logistics Network, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	8%
Interest rate	[1],[4]	12.52%
Par Amount	[1]	$ 427
Amortized Cost	[1]	418
Fair Value	[1],[9]	$ 427
Fair Value as % of Net Assets	[1],[11]	0.04%
Investment, Identifier [Axis]: SEKO Global Logistics Network, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	12%
Interest rate	[1],[4]	16.52%
Par Amount	[1]	$ 1,630
Amortized Cost	[1]	1,630
Fair Value	[1],[9]	$ 1,630
Fair Value as % of Net Assets	[1],[11]	0.17%
Investment, Identifier [Axis]: SI Solutions, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.34%
Par Amount	[3]	$ 11,872
Amortized Cost	[3]	11,758
Fair Value	[3],[9]	$ 11,888
Fair Value as % of Net Assets	[3],[11]	1.22%
Investment, Identifier [Axis]: SI Solutions, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.34%
Par Amount	[1],[2]	$ 5,601
Amortized Cost	[1],[2]	(13)
Fair Value	[1],[2],[9]	$ 7
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: SM Wellness Holdings, Inc
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			4.75%
Interest rate	[5],[6],[7],[8]			10.14%
Par Amount	[5],[6],[7]			$ 14,665
Amortized Cost	[5],[6],[7]			14,573
Fair Value	[5],[6],[7],[10]			$ 14,187
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.90%
Investment, Identifier [Axis]: SM Wellness Holdings, Inc. (Solis Mammography)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	4.50%
Interest rate	[1],[3],[4],[13]	9.35%
Par Amount	[1],[3],[13]	$ 13,022
Amortized Cost	[1],[3],[13]	12,960
Fair Value	[1],[3],[9],[13]	$ 12,920
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.32%
Investment, Identifier [Axis]: STS Holding, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.08%
Par Amount	[3]	$ 3,865
Amortized Cost	[3]	3,827
Fair Value	[3],[9]	$ 3,829
Fair Value as % of Net Assets	[3],[11]	0.39%
Investment, Identifier [Axis]: Safety Infrastructure Services Intermediate LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	4.75%
Interest rate	[1],[4],[13]	9.08%
Par Amount	[1],[13]	$ 7,103
Amortized Cost	[1],[13]	7,037
Fair Value	[1],[9],[13]	$ 7,018
Fair Value as % of Net Assets	[1],[11],[13]	0.72%
Investment, Identifier [Axis]: Sagebrush Buyer, LLC (Province)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[13]	5%
Interest rate	[1],[4],[13]	9.36%
Par Amount	[1],[13]	$ 4,793
Amortized Cost	[1],[13]	4,747
Fair Value	[1],[9],[13]	$ 4,748
Fair Value as % of Net Assets	[1],[11],[13]	0.49%
Investment, Identifier [Axis]: Sandlot Buyer, LLC (Prime Time Healthcare)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			6%
Interest rate	[5],[6],[7],[8]			11.28%
Par Amount	[5],[6],[7]			$ 8,958
Amortized Cost	[5],[6],[7]			8,729
Fair Value	[5],[6],[7],[10]			$ 8,854
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.18%
Investment, Identifier [Axis]: Sandlot Buyer, LLC (Prime Time Healthcare) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6%
Interest rate	[5],[6],[8]			11.52%
Par Amount	[5],[6]			$ 10,122
Amortized Cost	[5],[6]			9,924
Fair Value	[5],[6],[10]			$ 10,004
Fair Value as % of Net Assets	[5],[6],[12]			1.34%
Investment, Identifier [Axis]: Sandlot Buyer, LLC (Prime Time Healthcare) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6.25%
Interest rate	[1],[3],[4]	10.63%
Par Amount	[1],[3]	$ 7,833
Amortized Cost	[1],[3]	7,667
Fair Value	[1],[3],[9]	$ 7,746
Fair Value as % of Net Assets	[1],[3],[11]	0.80%
Investment, Identifier [Axis]: Sandlot Buyer, LLC (Prime Time Healthcare) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	6.25%
Interest rate	[1],[3],[4],[13]	10.80%
Par Amount	[1],[3],[13]	$ 9,609
Amortized Cost	[1],[3],[13]	9,455
Fair Value	[1],[3],[9],[13]	$ 9,502
Fair Value as % of Net Assets	[1],[3],[11],[13]	0.98%
Investment, Identifier [Axis]: Sapphire Telecom Inc
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			6%
Interest rate	[7],[8],[15]			11.53%
Par Amount	[7],[15]			$ 6,650
Amortized Cost	[7],[15]			6,627
Fair Value	[7],[10],[15]			$ 6,650
Fair Value as % of Net Assets	[7],[12],[15]			0.89%
Investment, Identifier [Axis]: Sapphire Telecom, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5%
Interest rate	[1],[3],[4],[13]	9.33%
Par Amount	[1],[3],[13]	$ 19,043
Amortized Cost	[1],[3],[13]	18,867
Fair Value	[1],[3],[9],[13]	$ 19,187
Fair Value as % of Net Assets	[1],[3],[11],[13]	1.98%
Investment, Identifier [Axis]: Sara Lee Frozen Bakery, LLC (f/k/a KSLB Holdings, LLC)
Schedule of Investments [Line Items]
Spread above reference rate	[4]	4.50%
Interest rate	[4]	9.24%
Par Amount		$ 2,820
Amortized Cost		2,815
Fair Value	[9]	$ 2,762
Fair Value as % of Net Assets	[11]	0.28%
Investment, Identifier [Axis]: Scaled Agile
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.50%
Interest rate	[7],[8],[15]			10.95%
Par Amount	[7],[15]			$ 7,936
Amortized Cost	[7],[15]			7,875
Fair Value	[7],[10],[15]			$ 7,623
Fair Value as % of Net Assets	[7],[12],[15]			1.02%
Investment, Identifier [Axis]: Scaled Agile (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.50%
Interest rate	[6],[8],[15]			10.95%
Par Amount	[6],[15]			$ 390
Amortized Cost	[6],[15]			390
Fair Value	[6],[10],[15]			$ 375
Fair Value as % of Net Assets	[6],[12],[15]			0.05%
Investment, Identifier [Axis]: Scaled Agile, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.50%
Interest rate	[3],[4],[14]	9.93%
Par Amount	[3],[14]	$ 7,855
Amortized Cost	[3],[14]	7,804
Fair Value	[3],[9],[14]	$ 7,079
Fair Value as % of Net Assets	[3],[11],[14]	0.73%
Investment, Identifier [Axis]: Scaled Agile, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.50%
Interest rate	[1],[4],[14]	10.25%
Par Amount	[1],[14]	$ 386
Amortized Cost	[1],[14]	386
Fair Value	[1],[9],[14]	$ 348
Fair Value as % of Net Assets	[1],[11],[14]	0.04%
Investment, Identifier [Axis]: Sciens Building Solutions, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.23%
Par Amount	[5],[7],[15]			$ 9,315
Amortized Cost	[5],[7],[15]			9,183
Fair Value	[5],[7],[10],[15]			$ 9,128
Fair Value as % of Net Assets	[5],[7],[12],[15]			1.22%
Investment, Identifier [Axis]: Sciens Building Solutions, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15],[16]			5.75%
Interest rate	[5],[6],[7],[8],[15],[16]			11.23%
Par Amount	[5],[6],[7],[15],[16]			$ 4,915
Amortized Cost	[5],[6],[7],[15],[16]			3,259
Fair Value	[5],[6],[7],[10],[15],[16]			$ 3,193
Fair Value as % of Net Assets	[5],[6],[7],[12],[15],[16]			0.43%
Investment, Identifier [Axis]: Service Logic Acquisition, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	3.50%
Interest rate	[3],[4],[14]	8.09%
Par Amount	[3],[14]	$ 7,919
Amortized Cost	[3],[14]	7,934
Fair Value	[3],[9],[14]	$ 7,939
Fair Value as % of Net Assets	[3],[11],[14]	0.82%
Investment, Identifier [Axis]: Signia Aerospace, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	3%
Interest rate	[1],[2],[4],[14]	7.40%
Par Amount	[1],[2],[14]	$ 122
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ 0
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Signia Aerospace, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	3%
Interest rate	[3],[4],[14]	7.40%
Par Amount	[3],[14]	$ 1,470
Amortized Cost	[3],[14]	1,466
Fair Value	[3],[9],[14]	$ 1,467
Fair Value as % of Net Assets	[3],[11],[14]	0.15%
Investment, Identifier [Axis]: Smart Wave Technologies, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6%
Interest rate	[1],[3],[4]	10.74%
Par Amount	[1],[3]	$ 8,725
Amortized Cost	[1],[3]	8,676
Fair Value	[1],[3],[9]	$ 7,579
Fair Value as % of Net Assets	[1],[3],[11]	0.78%
Investment, Identifier [Axis]: SmartWave
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			6%
Interest rate	[6],[7],[8]			11.53%
Par Amount	[6],[7]			$ 9,214
Amortized Cost	[6],[7]			9,145
Fair Value	[6],[7],[10]			$ 7,744
Fair Value as % of Net Assets	[6],[7],[12]			1.04%
Investment, Identifier [Axis]: Smile Brands
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			8.50%
Interest rate, PIK	[6],[8]			14.99%
Par Amount	[6]			$ 9,947
Amortized Cost	[6]			9,866
Fair Value	[6],[10]			$ 8,665
Fair Value as % of Net Assets	[6],[12]			1.16%
Investment, Identifier [Axis]: Smile Brands Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	9.52%
Interest rate, PIK	[1],[4]	14.10%
Par Amount	[1]	$ 11,396
Amortized Cost	[1]	11,353
Fair Value	[1],[9]	$ 9,352
Fair Value as % of Net Assets	[1],[11]	0.96%
Investment, Identifier [Axis]: Smith & Howard Advisory LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.23%
Par Amount	[1],[2]	$ 2,351
Amortized Cost	[1],[2]	(6)
Fair Value	[1],[2],[9]	$ (23)
Fair Value as % of Net Assets	[1],[2],[11]	0%
Investment, Identifier [Axis]: Smith & Howard Advisory LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.11%
Par Amount	[3]	$ 2,915
Amortized Cost	[3]	2,886
Fair Value	[3],[9]	$ 2,887
Fair Value as % of Net Assets	[3],[11]	0.30%
Investment, Identifier [Axis]: Soliant Health
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4%
Interest rate	[7],[8]			9.47%
Par Amount	[7]			$ 2,628
Amortized Cost	[7]			2,615
Fair Value	[7],[10]			$ 2,628
Fair Value as % of Net Assets	[7],[12]			0.35%
Investment, Identifier [Axis]: Solve Group Holdings, L.P. (Solve Industrial)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 313
Fair Value	[1],[9],[20]	$ 154
Fair Value as % of Net Assets	[1],[11],[20]	0.02%
Shares/Units	[1],[20]	313
Investment, Identifier [Axis]: Solve Industrial Motion Group (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8]			5%
Interest rate, PIK	[6],[8]			8%
Par Amount	[6]			$ 2,046
Amortized Cost	[6]			2,046
Fair Value	[6],[10]			$ 1,947
Fair Value as % of Net Assets	[6],[12]			0.26%
Investment, Identifier [Axis]: Solve Industrial Motion Group 1
Schedule of Investments [Line Items]
Interest rate	[6],[8]			5%
Interest rate, PIK	[6],[8]			8%
Par Amount	[6]			$ 1,786
Amortized Cost	[6]			1,760
Fair Value	[6],[10]			$ 1,700
Fair Value as % of Net Assets	[6],[12]			0.23%
Investment, Identifier [Axis]: Solve Industrial Motion Group 2
Schedule of Investments [Line Items]
Interest rate	[6],[8]			5%
Interest rate, PIK	[6],[8]			8%
Par Amount	[6]			$ 763
Amortized Cost	[6]			749
Fair Value	[6],[10]			$ 739
Fair Value as % of Net Assets	[6],[12]			0.10%
Investment, Identifier [Axis]: Solve Industrial Motion Group 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 313
Fair Value	[6],[10],[17],[18]			$ 210
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.03%
Shares/Units	[6],[17],[18]			313
Investment, Identifier [Axis]: Solve Industrial Motion Group LLC 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	2%
Par Amount	[1]	$ 1,888
Amortized Cost	[1]	1,866
Fair Value	[1],[9]	$ 1,787
Fair Value as % of Net Assets	[1],[11]	0.18%
Investment, Identifier [Axis]: Solve Industrial Motion Group LLC 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	2.50%
Par Amount	[1]	$ 811
Amortized Cost	[1]	800
Fair Value	[1],[9]	$ 779
Fair Value as % of Net Assets	[1],[11]	0.08%
Investment, Identifier [Axis]: Solve Industrial Motion Group LLC 3
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10%
Interest rate, PIK	[1],[4]	2%
Par Amount	[1]	$ 2,162
Amortized Cost	[1]	2,162
Fair Value	[1],[9]	$ 2,046
Fair Value as % of Net Assets	[1],[11]	0.21%
Investment, Identifier [Axis]: Southern Veterinary Partners, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14],[23]	3.25%
Interest rate	[3],[4],[13],[14],[23]	7.71%
Par Amount	[3],[13],[14],[23]	$ 9,424
Amortized Cost	[3],[13],[14],[23]	9,414
Fair Value	[3],[9],[13],[14],[23]	$ 9,502
Fair Value as % of Net Assets	[3],[11],[13],[14],[23]	0.98%
Investment, Identifier [Axis]: Spartech
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			4.75%
Interest rate	[5],[6],[7],[8],[15]			10.16%
Par Amount	[5],[6],[7],[15]			$ 14,768
Amortized Cost	[5],[6],[7],[15]			14,699
Fair Value	[5],[6],[7],[10],[15]			$ 11,898
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.59%
Investment, Identifier [Axis]: Specialized Packaging Group (Incremental) 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[19],[27]			6.25%
Interest rate	[5],[8],[19],[27]			11.98%
Par Amount	[5],[19],[27]			$ 4,409
Amortized Cost	[5],[19],[27]			4,354
Fair Value	[5],[10],[19],[27]			$ 4,375
Fair Value as % of Net Assets	[5],[12],[19],[27]			0.58%
Investment, Identifier [Axis]: Specialized Packaging Group (Incremental) 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8],[19],[27]			6.25%
Interest rate	[5],[6],[8],[19],[27]			11.78%
Par Amount	[5],[6],[19],[27]			$ 6,894
Amortized Cost	[5],[6],[19],[27]			6,798
Fair Value	[5],[6],[10],[19],[27]			$ 6,751
Fair Value as % of Net Assets	[5],[6],[12],[19],[27]			0.90%
Investment, Identifier [Axis]: Specialized Packaging Group 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[19],[27]			5.50%
Interest rate	[5],[7],[8],[19],[27]			11.23%
Par Amount	[5],[7],[19],[27]			$ 2,983
Amortized Cost	[5],[7],[19],[27]			2,968
Fair Value	[5],[7],[10],[19],[27]			$ 2,921
Fair Value as % of Net Assets	[5],[7],[12],[19],[27]			0.39%
Investment, Identifier [Axis]: Specialized Packaging Group 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[19],[27]			5.50%
Interest rate	[5],[7],[8],[19],[27]			11.23%
Par Amount	[5],[7],[19],[27]			$ 7,275
Amortized Cost	[5],[7],[19],[27]			7,236
Fair Value	[5],[7],[10],[19],[27]			$ 7,123
Fair Value as % of Net Assets	[5],[7],[12],[19],[27]			0.95%
Investment, Identifier [Axis]: Specialized Packaging Group 3
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18],[19],[27]			$ 148
Fair Value	[6],[10],[17],[18],[19],[27]			$ 182
Fair Value as % of Net Assets	[6],[12],[17],[18],[19],[27]			0.02%
Shares/Units	[6],[17],[18],[19],[27]			147,708
Investment, Identifier [Axis]: Spectrio II
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			6%
Interest rate	[5],[6],[7],[8],[15]			6.50%
Interest rate, PIK	[5],[6],[7],[8],[15]			5%
Par Amount	[5],[6],[7],[15]			$ 8,143
Amortized Cost	[5],[6],[7],[15]			8,100
Fair Value	[5],[6],[7],[10],[15]			$ 7,556
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			1.01%
Investment, Identifier [Axis]: Spectrio II (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			6%
Interest rate	[6],[7],[8],[15]			6.50%
Interest rate, PIK	[6],[7],[8],[15]			5%
Par Amount	[6],[7],[15]			$ 2,893
Amortized Cost	[6],[7],[15]			2,875
Fair Value	[6],[7],[10],[15]			$ 2,684
Fair Value as % of Net Assets	[6],[7],[12],[15]			0.36%
Investment, Identifier [Axis]: Spectrio II (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			6%
Interest rate	[5],[8],[15]			6.50%
Interest rate, PIK	[5],[8],[15]			5%
Par Amount	[5],[15]			$ 441
Amortized Cost	[5],[15]			440
Fair Value	[5],[10],[15]			$ 407
Fair Value as % of Net Assets	[5],[12],[15]			0.06%
Investment, Identifier [Axis]: Summit Hill Foods
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			6%
Interest rate	[7],[8]			11.39%
Par Amount	[7]			$ 9,835
Amortized Cost	[7]			9,689
Fair Value	[7],[10]			$ 9,690
Fair Value as % of Net Assets	[7],[12]			1.30%
Investment, Identifier [Axis]: Sunny Sky Products
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			5.25%
Interest rate	[5],[6],[8]			10.60%
Par Amount	[5],[6]			$ 7,093
Amortized Cost	[5],[6]			7,025
Fair Value	[5],[6],[10]			$ 7,026
Fair Value as % of Net Assets	[5],[6],[12]			0.94%
Investment, Identifier [Axis]: Sunny Sky Products (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.25%
Interest rate	[6],[8],[16]			10.60%
Par Amount	[6],[16]			$ 1,773
Amortized Cost	[6],[16]			0
Fair Value	[6],[10],[16]			$ (17)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Syndigo
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.50%
Interest rate	[7],[8]			9.97%
Par Amount	[7]			$ 5,835
Amortized Cost	[7]			5,850
Fair Value	[7],[10]			$ 5,747
Fair Value as % of Net Assets	[7],[12]			0.77%
Investment, Identifier [Axis]: Syndigo LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.50%
Interest rate	[3],[4]	9.28%
Par Amount	[3]	$ 5,775
Amortized Cost	[3]	5,786
Fair Value	[3],[9]	$ 5,775
Fair Value as % of Net Assets	[3],[11]	0.60%
Investment, Identifier [Axis]: TBRS, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.26%
Par Amount	[1],[2],[14]	$ 2,209
Amortized Cost	[1],[2],[14]	(11)
Fair Value	[1],[2],[9],[14]	$ (21)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: TBRS, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.26%
Par Amount	[1],[2],[14]	$ 1,406
Amortized Cost	[1],[2],[14]	71
Fair Value	[1],[2],[9],[14]	$ 71
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.01%
Investment, Identifier [Axis]: TBRS, Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	4.75%
Interest rate	[3],[4],[14]	9.26%
Par Amount	[3],[14]	$ 8,101
Amortized Cost	[3],[14]	8,020
Fair Value	[3],[9],[14]	$ 8,023
Fair Value as % of Net Assets	[3],[11],[14]	0.83%
Investment, Identifier [Axis]: TI ACQUISITION NC LLC
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			4.75%
Interest rate	[7],[8]			10.08%
Par Amount	[7]			$ 2,780
Amortized Cost	[7]			2,719
Fair Value	[7],[10]			$ 2,642
Fair Value as % of Net Assets	[7],[12]			0.35%
Investment, Identifier [Axis]: TI Acquisition NC, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	4.75%
Interest rate	[3],[4]	9.03%
Par Amount	[3]	$ 2,751
Amortized Cost	[3]	2,706
Fair Value	[3],[9]	$ 2,751
Fair Value as % of Net Assets	[3],[11]	0.28%
Investment, Identifier [Axis]: TIDI Products
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8],[15]			5.50%
Interest rate	[5],[6],[7],[8],[15]			10.86%
Par Amount	[5],[6],[7],[15]			$ 15,523
Amortized Cost	[5],[6],[7],[15]			15,368
Fair Value	[5],[6],[7],[10],[15]			$ 15,369
Fair Value as % of Net Assets	[5],[6],[7],[12],[15]			2.05%
Investment, Identifier [Axis]: TIDI Products (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.50%
Interest rate	[6],[8],[15],[16]			10.86%
Par Amount	[6],[15],[16]			$ 4,085
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (40)
Fair Value as % of Net Assets	[6],[12],[15],[16]			(0.01%)
Investment, Identifier [Axis]: TJC Spartech Acquisition Corp.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14],[23]	4.75%
Interest rate	[1],[3],[4],[14],[23]	9.41%
Par Amount	[1],[3],[14],[23]	$ 14,617
Amortized Cost	[1],[3],[14],[23]	14,563
Fair Value	[1],[3],[9],[14],[23]	$ 10,616
Fair Value as % of Net Assets	[1],[3],[11],[14],[23]	1.09%
Investment, Identifier [Axis]: TPC Wire & Cable
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10%
Interest rate, PIK	[6],[8]			1%
Par Amount	[6]			$ 2,240
Amortized Cost	[6]			2,220
Fair Value	[6],[10]			$ 2,215
Fair Value as % of Net Assets	[6],[12]			0.29%
Investment, Identifier [Axis]: TPC Wire & Cable (Delayed Draw)
Schedule of Investments [Line Items]
Interest rate	[6],[8]			11%
Interest rate, PIK	[6],[8]			1.50%
Par Amount	[6]			$ 913
Amortized Cost	[6]			911
Fair Value	[6],[10]			$ 902
Fair Value as % of Net Assets	[6],[12]			0.12%
Investment, Identifier [Axis]: TPC Wire & Cable Corp. 1
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Interest rate, PIK	[1],[4]	1.50%
Par Amount	[1]	$ 2,269
Amortized Cost	[1]	2,253
Fair Value	[1],[9]	$ 2,249
Fair Value as % of Net Assets	[1],[11]	0.23%
Investment, Identifier [Axis]: TPC Wire & Cable Corp. 2
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Interest rate, PIK	[1],[4]	1.50%
Par Amount	[1]	$ 929
Amortized Cost	[1]	928
Fair Value	[1],[9]	$ 920
Fair Value as % of Net Assets	[1],[11]	0.09%
Investment, Identifier [Axis]: TPC Wire & Cable Corp. 3
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Interest rate, PIK	[1],[4]	1.50%
Par Amount	[1]	$ 1,730
Amortized Cost	[1]	1,730
Fair Value	[1],[9]	$ 1,714
Fair Value as % of Net Assets	[1],[11]	0.18%
Investment, Identifier [Axis]: TSS Buyer, LLC (Technical Safety Services) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.50%
Interest rate	[3],[4]	10.24%
Par Amount	[3]	$ 6,703
Amortized Cost	[3]	6,654
Fair Value	[3],[9]	$ 6,703
Fair Value as % of Net Assets	[3],[11]	0.69%
Investment, Identifier [Axis]: TSS Buyer, LLC (Technical Safety Services) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5.50%
Interest rate	[1],[2],[4]	10.05%
Par Amount	[1],[2]	$ 6,359
Amortized Cost	[1],[2]	4,862
Fair Value	[1],[2],[9]	$ 4,922
Fair Value as % of Net Assets	[1],[2],[11]	0.51%
Investment, Identifier [Axis]: TSS Buyer, LLC (Technical Safety Services) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.50%
Interest rate	[1],[3],[4]	10.24%
Par Amount	[1],[3]	$ 1,871
Amortized Cost	[1],[3]	1,848
Fair Value	[1],[3],[9]	$ 1,871
Fair Value as % of Net Assets	[1],[3],[11]	0.19%
Investment, Identifier [Axis]: Tech24
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 954
Fair Value	[6],[10],[17],[18]			$ 954
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.13%
Shares/Units	[6],[17],[18]			954
Investment, Identifier [Axis]: Technical Safety Services
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			11%
Par Amount	[5],[7]			$ 6,772
Amortized Cost	[5],[7]			6,716
Fair Value	[5],[7],[10]			$ 6,712
Fair Value as % of Net Assets	[5],[7],[12]			0.90%
Investment, Identifier [Axis]: Technical Safety Services (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.50%
Interest rate	[6],[8],[16]			11%
Par Amount	[6],[16]			$ 6,404
Amortized Cost	[6],[16]			3,903
Fair Value	[6],[10],[16]			$ 3,918
Fair Value as % of Net Assets	[6],[12],[16]			0.52%
Investment, Identifier [Axis]: Technical Safety Services (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			5.50%
Interest rate	[6],[8]			11%
Par Amount	[6]			$ 1,890
Amortized Cost	[6]			1,863
Fair Value	[6],[10]			$ 1,873
Fair Value as % of Net Assets	[6],[12]			0.25%
Investment, Identifier [Axis]: The Facilities Group (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.75%
Interest rate	[6],[8],[15],[16]			11.22%
Par Amount	[6],[15],[16]			$ 5,028
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (25)
Fair Value as % of Net Assets	[6],[12],[15],[16]			0%
Investment, Identifier [Axis]: The Facilities Group (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			5.75%
Interest rate	[6],[7],[8],[15]			11.22%
Par Amount	[6],[7],[15]			$ 4,952
Amortized Cost	[6],[7],[15]			4,952
Fair Value	[6],[7],[10],[15]			$ 4,927
Fair Value as % of Net Assets	[6],[7],[12],[15]			0.66%
Investment, Identifier [Axis]: The Facilities Group 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.75%
Interest rate	[7],[8],[15]			11.23%
Par Amount	[7],[15]			$ 4,872
Amortized Cost	[7],[15]			4,840
Fair Value	[7],[10],[15]			$ 4,847
Fair Value as % of Net Assets	[7],[12],[15]			0.64%
Investment, Identifier [Axis]: The Facilities Group 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			5.75%
Interest rate	[5],[8],[15]			11.22%
Par Amount	[5],[15]			$ 9,051
Amortized Cost	[5],[15]			8,963
Fair Value	[5],[10],[15]			$ 9,006
Fair Value as % of Net Assets	[5],[12],[15]			1.20%
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	4.25%
Interest rate	[1],[3],[4],[14]	8.58%
Par Amount	[1],[3],[14]	$ 4,635
Amortized Cost	[1],[3],[14]	4,633
Fair Value	[1],[3],[9],[14]	$ 4,635
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.48%
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.25%
Interest rate	[1],[2],[4],[14]	8.58%
Par Amount	[1],[2],[14]	$ 2,787
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ 0
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Thorne HealthTech
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[7],[8]			5.75%
Interest rate	[5],[6],[7],[8]			11.10%
Par Amount	[5],[6],[7]			$ 10,652
Amortized Cost	[5],[6],[7]			10,549
Fair Value	[5],[6],[7],[10]			$ 10,553
Fair Value as % of Net Assets	[5],[6],[7],[12]			1.41%
Investment, Identifier [Axis]: Tidi Legacy Products, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	5.25%
Interest rate	[1],[3],[4],[13],[14]	9.61%
Par Amount	[1],[3],[13],[14]	$ 15,367
Amortized Cost	[1],[3],[13],[14]	15,234
Fair Value	[1],[3],[9],[13],[14]	$ 15,418
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.59%
Investment, Identifier [Axis]: Tidi Legacy Products, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.25%
Interest rate	[1],[2],[4],[14]	9.61%
Par Amount	[1],[2],[14]	$ 4,085
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ 13
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Tinuiti
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.25%
Interest rate	[7],[8],[15]			10.70%
Par Amount	[7],[15]			$ 2,948
Amortized Cost	[7],[15]			2,928
Fair Value	[7],[10],[15]			$ 2,823
Fair Value as % of Net Assets	[7],[12],[15]			0.38%
Investment, Identifier [Axis]: Tinuiti (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.25%
Interest rate	[7],[8],[15]			10.70%
Par Amount	[7],[15]			$ 1,926
Amortized Cost	[7],[15]			1,926
Fair Value	[7],[10],[15]			$ 1,845
Fair Value as % of Net Assets	[7],[12],[15]			0.25%
Investment, Identifier [Axis]: Tinuiti (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8]			5.25%
Interest rate	[6],[7],[8]			10.70%
Par Amount	[6],[7]			$ 9,863
Amortized Cost	[6],[7]			9,863
Fair Value	[6],[7],[10]			$ 9,445
Fair Value as % of Net Assets	[6],[7],[12]			1.26%
Investment, Identifier [Axis]: Tinuiti Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	5.25%
Interest rate	[1],[3],[4],[14]	9.68%
Par Amount	[1],[3],[14]	$ 2,918
Amortized Cost	[1],[3],[14]	2,904
Fair Value	[1],[3],[9],[14]	$ 2,886
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.30%
Investment, Identifier [Axis]: Tinuiti Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	5.25%
Interest rate	[1],[3],[4],[14]	9.68%
Par Amount	[1],[3],[14]	$ 1,907
Amortized Cost	[1],[3],[14]	1,907
Fair Value	[1],[3],[9],[14]	$ 1,886
Fair Value as % of Net Assets	[1],[3],[11],[14]	0.19%
Investment, Identifier [Axis]: Tinuiti Inc. 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.25%
Interest rate	[1],[4],[14]	9.68%
Par Amount	[1],[14]	$ 9,763
Amortized Cost	[1],[14]	9,763
Fair Value	[1],[9],[14]	$ 9,658
Fair Value as % of Net Assets	[1],[11],[14]	1%
Investment, Identifier [Axis]: TouchTunes Interactive
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[22]			5%
Interest rate	[5],[7],[8],[22]			10.35%
Par Amount	[5],[7],[22]			$ 9,875
Amortized Cost	[5],[7],[22]			9,793
Fair Value	[5],[7],[10],[22]			$ 9,825
Fair Value as % of Net Assets	[5],[7],[12],[22]			1.31%
Investment, Identifier [Axis]: Transit Buyer LLC (dba“Propark”)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			6.25%
Interest rate	[5],[7],[8]			11.69%
Par Amount	[5],[7]			$ 6,823
Amortized Cost	[5],[7]			6,705
Fair Value	[5],[7],[10]			$ 6,801
Fair Value as % of Net Assets	[5],[7],[12]			0.91%
Investment, Identifier [Axis]: Transit Buyer LLC (dba“Propark”) (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.69%
Par Amount	[6],[16]			$ 3,125
Amortized Cost	[6],[16]			1,275
Fair Value	[6],[10],[16]			$ 1,318
Fair Value as % of Net Assets	[6],[12],[16]			0.18%
Investment, Identifier [Axis]: Transit Buyer, LLC (Propark Mobility) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.36%
Par Amount	[3]	$ 6,755
Amortized Cost	[3]	6,657
Fair Value	[3],[9]	$ 6,749
Fair Value as % of Net Assets	[3],[11]	0.70%
Investment, Identifier [Axis]: Transit Buyer, LLC (Propark Mobility) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.37%
Par Amount	[1],[2]	$ 3,108
Amortized Cost	[1],[2]	2,642
Fair Value	[1],[2],[9]	$ 2,683
Fair Value as % of Net Assets	[1],[2],[11]	0.28%
Investment, Identifier [Axis]: Transit Buyer, LLC (Propark Mobility) 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5%
Interest rate	[1],[3],[4]	9.45%
Par Amount	[1],[3]	$ 10,173
Amortized Cost	[1],[3]	10,149
Fair Value	[1],[3],[9]	$ 10,164
Fair Value as % of Net Assets	[1],[3],[11]	1.05%
Investment, Identifier [Axis]: Trilon Group, LLC (Delayed Draw) 1
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			6.25%
Interest rate	[6],[8]			11.78%
Par Amount	[6]			$ 7,425
Amortized Cost	[6]			7,425
Fair Value	[6],[10]			$ 7,330
Fair Value as % of Net Assets	[6],[12]			0.98%
Investment, Identifier [Axis]: Trilon Group, LLC (Delayed Draw) 2
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			6.25%
Interest rate	[6],[8]			11.78%
Par Amount	[6]			$ 1,985
Amortized Cost	[6]			1,985
Fair Value	[6],[10]			$ 1,959
Fair Value as % of Net Assets	[6],[12]			0.26%
Investment, Identifier [Axis]: Trilon Group, LLC (Delayed Draw) 3
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6.25%
Interest rate	[6],[8],[16]			11.78%
Par Amount	[6],[16]			$ 6,373
Amortized Cost	[6],[16]			1,935
Fair Value	[6],[10],[16]			$ 1,884
Fair Value as % of Net Assets	[6],[12],[16]			0.25%
Investment, Identifier [Axis]: Trilon Group, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate		5.50%	[1],[3],[4],[13]	6.25%	[5],[8]
Interest rate		10.31%	[1],[3],[4],[13]	11.78%	[5],[8]
Par Amount		$ 27,756	[1],[3],[13]	$ 2,978	[5]
Amortized Cost		27,599	[1],[3],[13]	2,958	[5]
Fair Value		$ 27,584	[1],[3],[9],[13]	$ 2,939	[5],[10]
Fair Value as % of Net Assets		2.84%	[1],[3],[11],[13]	0.39%	[5],[12]
Investment, Identifier [Axis]: Trilon Group, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate		5.50%	[1],[4]	6.25%	[5],[7],[8]
Interest rate		10.22%	[1],[4]	11.75%	[5],[7],[8]
Par Amount		$ 1,875	[1]	$ 7,406	[5],[7]
Amortized Cost		1,866	[1]	7,345	[5],[7]
Fair Value		$ 1,863	[1],[9]	$ 7,311	[5],[7],[10]
Fair Value as % of Net Assets		0.19%	[1],[11]	0.98%	[5],[7],[12]
Investment, Identifier [Axis]: Trilon Group, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6.25%
Interest rate	[5],[6],[8]			11.78%
Par Amount	[5],[6]			$ 3,733
Amortized Cost	[5],[6]			3,661
Fair Value	[5],[6],[10]			$ 3,685
Fair Value as % of Net Assets	[5],[6],[12]			0.49%
Investment, Identifier [Axis]: Turbine Engine Specialist, Inc
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			9.50%
Interest rate	[6],[8]			14.96%
Par Amount	[6]			$ 2,556
Amortized Cost	[6]			2,494
Fair Value	[6],[10]			$ 2,509
Fair Value as % of Net Assets	[6],[12]			0.33%
Investment, Identifier [Axis]: Turbine Engine Specialists, Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	9.50%
Interest rate	[1],[4]	13.96%
Par Amount	[1]	$ 2,530
Amortized Cost	[1]	2,478
Fair Value	[1],[9]	$ 2,530
Fair Value as % of Net Assets	[1],[11]	0.26%
Investment, Identifier [Axis]: Tyto Athene, LLC
Schedule of Investments [Line Items]
Spread above reference rate		4.75%	[1],[3],[4]	5.50%	[6],[7],[8]
Interest rate		9.49%	[1],[3],[4]	11.04%	[6],[7],[8]
Par Amount		$ 7,157	[1],[3]	$ 7,157	[6],[7]
Amortized Cost		7,114	[1],[3]	7,105	[6],[7]
Fair Value		$ 6,952	[1],[3],[9]	$ 6,515	[6],[7],[10]
Fair Value as % of Net Assets		0.72%	[1],[3],[11]	0.87%	[6],[7],[12]
Investment, Identifier [Axis]: U.S. Bank National Association Money Market Deposit Account
Schedule of Investments [Line Items]
Interest rate	[8]			2.05%
Amortized Cost				$ 17,661
Fair Value	[10]			$ 17,661
Fair Value as % of Net Assets	[12]			2.36%
Shares/Units				17,661,000
Investment, Identifier [Axis]: US Fertility
Schedule of Investments [Line Items]
Interest rate, PIK	[6],[8]			13.75%
Par Amount	[6]			$ 12,391
Amortized Cost	[6]			12,084
Fair Value	[6],[10]			$ 12,066
Fair Value as % of Net Assets	[6],[12]			1.61%
Investment, Identifier [Axis]: US MetalCo Holdings LLC (MGM Transformer Company) 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.50%
Interest rate	[1],[3],[4]	10.09%
Par Amount	[1],[3]	$ 23,376
Amortized Cost	[1],[3]	23,073
Fair Value	[1],[3],[9]	$ 23,511
Fair Value as % of Net Assets	[1],[3],[11]	2.43%
Investment, Identifier [Axis]: US MetalCo Holdings LLC (MGM Transformer Company) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5.50%
Interest rate	[1],[4]	9.83%
Par Amount	[1]	$ 6,356
Amortized Cost	[1]	6,342
Fair Value	[1],[9]	$ 6,393
Fair Value as % of Net Assets	[1],[11]	0.66%
Investment, Identifier [Axis]: USA Water Intermediate Holdings, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	4.75%
Interest rate	[1],[3],[4]	9.34%
Par Amount	[1],[3]	$ 7,837
Amortized Cost	[1],[3]	7,767
Fair Value	[1],[3],[9]	$ 7,837
Fair Value as % of Net Assets	[1],[3],[11]	0.81%
Investment, Identifier [Axis]: USA Water Intermediate Holdings, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	4.75%
Interest rate	[1],[2],[4]	9.34%
Par Amount	[1],[2]	$ 3,036
Amortized Cost	[1],[2]	333
Fair Value	[1],[2],[9]	$ 333
Fair Value as % of Net Assets	[1],[2],[11]	0.03%
Investment, Identifier [Axis]: USAW Parent LLC (USA Water)
Schedule of Investments [Line Items]
Amortized Cost	[20],[24]	$ 478
Fair Value	[9],[20],[24]	$ 566
Fair Value as % of Net Assets	[11],[20],[24]	0.06%
Shares/Units	[20],[24]	4,781
Investment, Identifier [Axis]: Ultima Health Holdings, Inc.
Schedule of Investments [Line Items]
Interest rate	[1],[4]	11%
Interest rate, PIK	[1],[4]	1.50%
Par Amount	[1]	$ 1,761
Amortized Cost	[1]	1,737
Fair Value	[1],[9]	$ 1,761
Fair Value as % of Net Assets	[1],[11]	0.18%
Investment, Identifier [Axis]: Ultima Health Holdings, LLC
Schedule of Investments [Line Items]
Interest rate	[6],[8]			11%
Interest rate, PIK	[6],[8]			1.50%
Par Amount	[6]			$ 1,734
Amortized Cost		$ 170	[1],[20]	1,706	[6]
Fair Value		$ 212	[1],[9],[20]	$ 1,704	[6],[10]
Fair Value as % of Net Assets		0.02%	[1],[11],[20]	0.23%	[6],[12]
Shares/Units	[1],[20]	15
Investment, Identifier [Axis]: Ultima Health Holdings, LLC 1
Schedule of Investments [Line Items]
Amortized Cost	[6],[17],[18]			$ 170
Fair Value	[6],[10],[17],[18]			$ 158
Fair Value as % of Net Assets	[6],[12],[17],[18]			0.02%
Shares/Units	[6],[17],[18]			15
Investment, Identifier [Axis]: VCP Tech24 Co-Invest Aggregator LP (Tech24)
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 954
Fair Value	[1],[9],[20]	$ 957
Fair Value as % of Net Assets	[1],[11],[20]	0.10%
Shares/Units	[1],[20]	954
Investment, Identifier [Axis]: VMG Holdings LLC (VMG Health) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.75%
Interest rate	[3],[4],[13]	9.33%
Par Amount	[3],[13]	$ 15,892
Amortized Cost	[3],[13]	15,742
Fair Value	[3],[9],[13]	$ 15,744
Fair Value as % of Net Assets	[3],[11],[13]	1.61%
Investment, Identifier [Axis]: VMG Holdings LLC (VMG Health) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	4.75%
Interest rate	[1],[4]	9.08%
Par Amount	[1]	$ 1,139
Amortized Cost	[1]	1,127
Fair Value	[1],[9]	$ 1,128
Fair Value as % of Net Assets	[1],[11]	0.12%
Investment, Identifier [Axis]: VRC Companies, LLC (Vital Records Control) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.50%
Interest rate	[3],[4],[14]	10.35%
Par Amount	[3],[14]	$ 4,535
Amortized Cost	[3],[14]	4,508
Fair Value	[3],[9],[14]	$ 4,489
Fair Value as % of Net Assets	[3],[11],[14]	0.46%
Investment, Identifier [Axis]: VRC Companies, LLC (Vital Records Control) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.75%
Interest rate	[3],[4],[14]	10.27%
Par Amount	[3],[14]	$ 331
Amortized Cost	[3],[14]	328
Fair Value	[3],[9],[14]	$ 329
Fair Value as % of Net Assets	[3],[11],[14]	0.03%
Investment, Identifier [Axis]: VSTG Intermediate Holdings, Inc. (Vistage Worldwide, Inc.)
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	4.75%
Interest rate	[3],[4],[14]	9.08%
Par Amount	[3],[14]	$ 4,939
Amortized Cost	[3],[14]	4,917
Fair Value	[3],[9],[14]	$ 4,989
Fair Value as % of Net Assets	[3],[11],[14]	0.51%
Investment, Identifier [Axis]: Valkyrie
Schedule of Investments [Line Items]
Interest rate	[6],[8]			10.50%
Interest rate, PIK	[6],[8]			1%
Par Amount	[6]			$ 2,836
Amortized Cost	[6]			2,792
Fair Value	[6],[10]			$ 2,740
Fair Value as % of Net Assets	[6],[12]			0.37%
Investment, Identifier [Axis]: Valkyrie Intermediate, LLC
Schedule of Investments [Line Items]
Interest rate	[1],[4]	10.50%
Interest rate, PIK	[1],[4]	1%
Par Amount	[1]	$ 2,865
Amortized Cost	[1]	2,830
Fair Value	[1],[9]	$ 2,823
Fair Value as % of Net Assets	[1],[11]	0.29%
Investment, Identifier [Axis]: Vensure Employer Services
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			4.75%
Interest rate	[5],[7],[8]			10.12%
Par Amount	[5],[7]			$ 14,656
Amortized Cost	[5],[7]			14,628
Fair Value	[5],[7],[10]			$ 14,326
Fair Value as % of Net Assets	[5],[7],[12]			1.92%
Investment, Identifier [Axis]: Vensure Employer Services, Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5%
Interest rate	[1],[4],[14]	9.34%
Par Amount	[1],[14]	$ 2,733
Amortized Cost	[1],[14]	2,708
Fair Value	[1],[9],[14]	$ 2,718
Fair Value as % of Net Assets	[1],[11],[14]	0.28%
Investment, Identifier [Axis]: Vensure Employer Services, Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5%
Interest rate	[1],[2],[4],[14]	9.65%
Par Amount	[1],[2],[14]	$ 567
Amortized Cost	[1],[2],[14]	(3)
Fair Value	[1],[2],[9],[14]	$ (3)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Venture Buyer, LLC (Velosio) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.25%
Interest rate	[3],[4],[13],[14]	9.84%
Par Amount	[3],[13],[14]	$ 6,201
Amortized Cost	[3],[13],[14]	6,147
Fair Value	[3],[9],[13],[14]	$ 6,207
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.64%
Investment, Identifier [Axis]: Venture Buyer, LLC (Velosio) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.25%
Interest rate	[1],[2],[4],[14]	9.84%
Par Amount	[1],[2],[14]	$ 1,284
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ 1
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13],[14]	4.75%
Interest rate	[1],[3],[4],[13],[14]	9.43%
Par Amount	[1],[3],[13],[14]	$ 13,706
Amortized Cost	[1],[3],[13],[14]	13,570
Fair Value	[1],[3],[9],[13],[14]	$ 13,573
Fair Value as % of Net Assets	[1],[3],[11],[13],[14]	1.39%
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.43%
Par Amount	[1],[2],[14]	$ 4,569
Amortized Cost	[1],[2],[14]	1,181
Fair Value	[1],[2],[9],[14]	$ 1,159
Fair Value as % of Net Assets	[1],[2],[11],[14]	0.12%
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	4.75%
Interest rate	[1],[2],[4],[14]	9.43%
Par Amount	[1],[2],[14]	$ 1,726
Amortized Cost	[1],[2],[14]	(16)
Fair Value	[1],[2],[9],[14]	$ (17)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Victors CCC Buyer LLC (CrossCountry Consulting) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	4.75%
Interest rate	[3],[4],[14]	9.13%
Par Amount	[3],[14]	$ 8,091
Amortized Cost	[3],[14]	7,975
Fair Value	[3],[9],[14]	$ 8,127
Fair Value as % of Net Assets	[3],[11],[14]	0.84%
Investment, Identifier [Axis]: Victors CCC Buyer LLC (CrossCountry Consulting) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	4.75%
Interest rate	[1],[4],[14]	9.30%
Par Amount	[1],[14]	$ 830
Amortized Cost	[1],[14]	825
Fair Value	[1],[9],[14]	$ 834
Fair Value as % of Net Assets	[1],[11],[14]	0.09%
Investment, Identifier [Axis]: Vital Records Control (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5.75%
Interest rate	[6],[8],[15]			11.12%
Par Amount	[6],[15]			$ 183
Amortized Cost	[6],[15]			181
Fair Value	[6],[10],[15]			$ 182
Fair Value as % of Net Assets	[6],[12],[15]			0.03%
Investment, Identifier [Axis]: Vital Records Control 1
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8],[15]			5.50%
Interest rate	[7],[8],[15]			11.14%
Par Amount	[7],[15]			$ 4,582
Amortized Cost	[7],[15]			4,544
Fair Value	[7],[10],[15]			$ 4,515
Fair Value as % of Net Assets	[7],[12],[15]			0.60%
Investment, Identifier [Axis]: Vital Records Control 2
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8],[15]			5.75%
Interest rate	[5],[8],[15]			11.12%
Par Amount	[5],[15]			$ 151
Amortized Cost	[5],[15]			149
Fair Value	[5],[10],[15]			$ 150
Fair Value as % of Net Assets	[5],[12],[15]			0.02%
Investment, Identifier [Axis]: WCHG Buyer, Inc. (Handgards, LLC)
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[13]	5.50%
Interest rate	[1],[3],[4],[13]	9.75%
Par Amount	[1],[3],[13]	$ 24,369
Amortized Cost	[1],[3],[13]	24,140
Fair Value	[1],[3],[9],[13]	$ 24,613
Fair Value as % of Net Assets	[1],[3],[11],[13]	2.54%
Investment, Identifier [Axis]: WPP Fairway Aggregator B, L.P (Fresh Edge) 1
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 5
Fair Value	[1],[9],[20]	$ 0
Fair Value as % of Net Assets	[1],[11],[20]	0%
Shares/Units	[1],[20]	698
Investment, Identifier [Axis]: WPP Fairway Aggregator B, L.P (Fresh Edge) 2
Schedule of Investments [Line Items]
Amortized Cost	[1],[20]	$ 698
Fair Value	[1],[9],[20]	$ 581
Fair Value as % of Net Assets	[1],[11],[20]	0.06%
Shares/Units	[1],[20]	698
Investment, Identifier [Axis]: WSB Engineering Holdings Inc.
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6%
Interest rate	[5],[6],[8]			11.39%
Par Amount	[5],[6]			$ 6,519
Amortized Cost	[5],[6]			6,426
Fair Value	[5],[6],[10]			$ 6,424
Fair Value as % of Net Assets	[5],[6],[12]			0.86%
Investment, Identifier [Axis]: WSB Engineering Holdings Inc. (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.39%
Par Amount	[6],[16]			$ 4,357
Amortized Cost	[6],[16]			(31)
Fair Value	[6],[10],[16]			$ (64)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: WSB Engineering Holdings Inc. 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	6%
Interest rate	[1],[3],[4]	10.51%
Par Amount	[1],[3]	$ 6,454
Amortized Cost	[1],[3]	6,376
Fair Value	[1],[3],[9]	$ 6,432
Fair Value as % of Net Assets	[1],[3],[11]	0.66%
Investment, Identifier [Axis]: WSB Engineering Holdings Inc. 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	6%
Interest rate	[1],[2],[4]	10.59%
Par Amount	[1],[2]	$ 4,325
Amortized Cost	[1],[2]	3,733
Fair Value	[1],[2],[9]	$ 3,743
Fair Value as % of Net Assets	[1],[2],[11]	0.39%
Investment, Identifier [Axis]: Watermill Express, LLC
Schedule of Investments [Line Items]
Spread above reference rate		4.75%	[1],[2],[4],[14]	5%	[7],[8],[15]
Interest rate		9.23%	[1],[2],[4],[14]	10.50%	[7],[8],[15]
Par Amount		$ 2,374	[1],[2],[14]	$ 3,256	[7],[15]
Amortized Cost		573	[1],[2],[14]	3,236	[7],[15]
Fair Value		$ 578	[1],[2],[9],[14]	$ 3,241	[7],[10],[15]
Fair Value as % of Net Assets		0.06%	[1],[2],[11],[14]	0.43%	[7],[12],[15]
Investment, Identifier [Axis]: Watermill Express, LLC (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15]			5%
Interest rate	[6],[8],[15]			10.50%
Par Amount	[6],[15]			$ 314
Amortized Cost	[6],[15]			315
Fair Value	[6],[10],[15]			$ 313
Fair Value as % of Net Assets	[6],[12],[15]			0.04%
Investment, Identifier [Axis]: Watermill Express, LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4],[14]	5.25%
Interest rate	[1],[4],[14]	9.77%
Par Amount	[1],[14]	$ 3,162
Amortized Cost	[1],[14]	3,162
Fair Value	[1],[9],[14]	$ 3,162
Fair Value as % of Net Assets	[1],[11],[14]	0.33%
Investment, Identifier [Axis]: Watermill Express, LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.25%
Interest rate	[3],[4],[13],[14]	9.73%
Par Amount	[3],[13],[14]	$ 6,311
Amortized Cost	[3],[13],[14]	6,256
Fair Value	[3],[9],[13],[14]	$ 6,311
Fair Value as % of Net Assets	[3],[11],[13],[14]	0.65%
Investment, Identifier [Axis]: Watermill Express, LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.25%
Interest rate	[3],[4],[14]	9.73%
Par Amount	[3],[14]	$ 3,220
Amortized Cost	[3],[14]	3,205
Fair Value	[3],[9],[14]	$ 3,220
Fair Value as % of Net Assets	[3],[11],[14]	0.33%
Investment, Identifier [Axis]: Watermill Express, LLC 4
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	5.25%
Interest rate	[3],[4],[14]	9.73%
Par Amount	[3],[14]	$ 311
Amortized Cost	[3],[14]	311
Fair Value	[3],[9],[14]	$ 311
Fair Value as % of Net Assets	[3],[11],[14]	0.03%
Investment, Identifier [Axis]: Wellspring Pharmaceutical
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5.75%
Interest rate	[5],[8]			11.03%
Par Amount	[5]			$ 3,378
Amortized Cost	[5]			3,323
Fair Value	[5],[10]			$ 3,298
Fair Value as % of Net Assets	[5],[12]			0.44%
Investment, Identifier [Axis]: Wellspring Pharmaceutical (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8]			5.75%
Interest rate	[6],[8]			11.03%
Par Amount	[6]			$ 1,571
Amortized Cost	[6]			1,561
Fair Value	[6],[10]			$ 1,534
Fair Value as % of Net Assets	[6],[12]			0.21%
Investment, Identifier [Axis]: Wellspring Pharmaceutical (Delayed Draw) (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			6%
Interest rate	[6],[8],[16]			11.18%
Par Amount	[6],[16]			$ 3,756
Amortized Cost	[6],[16]			(16)
Fair Value	[6],[10],[16]			$ (55)
Fair Value as % of Net Assets	[6],[12],[16]			(0.01%)
Investment, Identifier [Axis]: Wellspring Pharmaceutical (Incremental)
Schedule of Investments [Line Items]
Spread above reference rate	[5],[6],[8]			6%
Interest rate	[5],[6],[8]			11.18%
Par Amount	[5],[6]			$ 1,246
Amortized Cost	[5],[6]			1,223
Fair Value	[5],[6],[10]			$ 1,228
Fair Value as % of Net Assets	[5],[6],[12]			0.16%
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5%
Interest rate	[1],[3],[4]	9.43%
Par Amount	[1],[3]	$ 7,312
Amortized Cost	[1],[3]	7,267
Fair Value	[1],[3],[9]	$ 7,245
Fair Value as % of Net Assets	[1],[3],[11]	0.75%
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5%
Interest rate	[3],[4]	9.43%
Par Amount	[3]	$ 3,344
Amortized Cost	[3]	3,298
Fair Value	[3],[9]	$ 3,314
Fair Value as % of Net Assets	[3],[11]	0.34%
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation 4
Schedule of Investments [Line Items]
Spread above reference rate	[1],[4]	5%
Interest rate	[1],[4]	9.43%
Par Amount	[1]	$ 1,555
Amortized Cost	[1]	1,547
Fair Value	[1],[9]	$ 1,541
Fair Value as % of Net Assets	[1],[11]	0.16%
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation 5
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4]	5%
Interest rate	[1],[2],[4]	9.43%
Par Amount	[1],[2]	$ 3,750
Amortized Cost	[1],[2]	2,547
Fair Value	[1],[2],[9]	$ 2,526
Fair Value as % of Net Assets	[1],[2],[11]	0.26%
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation 6
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5%
Interest rate	[1],[3],[4]	9.43%
Par Amount	[1],[3]	$ 1,233
Amortized Cost	[1],[3]	1,215
Fair Value	[1],[3],[9]	$ 1,222
Fair Value as % of Net Assets	[1],[3],[11]	0.13%
Investment, Identifier [Axis]: World Insurance Associates (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[7],[8],[15]			6%
Interest rate	[6],[7],[8],[15]			11.35%
Par Amount	[6],[7],[15]			$ 14,881
Amortized Cost	[6],[7],[15]			14,869
Fair Value	[6],[7],[10],[15]			$ 14,841
Fair Value as % of Net Assets	[6],[7],[12],[15]			1.98%
Investment, Identifier [Axis]: World Insurance Associates, LLC
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4],[14]	6%
Interest rate	[1],[3],[4],[14]	10.33%
Par Amount	[1],[3],[14]	$ 14,731
Amortized Cost	[1],[3],[14]	14,720
Fair Value	[1],[3],[9],[14]	$ 14,716
Fair Value as % of Net Assets	[1],[3],[11],[14]	1.51%
Investment, Identifier [Axis]: Wpromote
Schedule of Investments [Line Items]
Spread above reference rate	[5],[8]			5.75%
Interest rate	[5],[8]			11.19%
Par Amount	[5]			$ 4,379
Amortized Cost	[5]			4,304
Fair Value	[5],[10]			$ 4,344
Fair Value as % of Net Assets	[5],[12]			0.58%
Investment, Identifier [Axis]: Wpromote (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[16]			5.75%
Interest rate	[6],[8],[16]			11.19%
Par Amount	[6],[16]			$ 588
Amortized Cost	[6],[16]			(4)
Fair Value	[6],[10],[16]			$ (5)
Fair Value as % of Net Assets	[6],[12],[16]			0%
Investment, Identifier [Axis]: Wrench Group LLC
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[14]	4%
Interest rate	[3],[4],[14]	8.59%
Par Amount	[3],[14]	$ 9,975
Amortized Cost	[3],[14]	9,959
Fair Value	[3],[9],[14]	$ 9,959
Fair Value as % of Net Assets	[3],[11],[14]	1.03%
Investment, Identifier [Axis]: XpressMyself.com LLC (SmartSign) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	5.50%
Interest rate	[3],[4],[13]	10.03%
Par Amount	[3],[13]	$ 9,775
Amortized Cost	[3],[13]	9,713
Fair Value	[3],[9],[13]	$ 9,775
Fair Value as % of Net Assets	[3],[11],[13]	1.01%
Investment, Identifier [Axis]: XpressMyself.com LLC (SmartSign) 2
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4]	5.75%
Interest rate	[3],[4]	10.25%
Par Amount	[3]	$ 4,974
Amortized Cost	[3]	4,900
Fair Value	[3],[9]	$ 4,974
Fair Value as % of Net Assets	[3],[11]	0.51%
Investment, Identifier [Axis]: Xpressmyself.com LLC (a/k/a SmartSign) 1
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8]			5.50%
Interest rate	[5],[7],[8]			10.98%
Par Amount	[5],[7]			$ 9,875
Amortized Cost	[5],[7]			9,796
Fair Value	[5],[7],[10]			$ 9,701
Fair Value as % of Net Assets	[5],[7],[12]			1.30%
Investment, Identifier [Axis]: Xpressmyself.com LLC (a/k/a SmartSign) 2
Schedule of Investments [Line Items]
Spread above reference rate	[7],[8]			5.75%
Interest rate	[7],[8]			11.22%
Par Amount	[7]			$ 5,025
Amortized Cost	[7]			4,932
Fair Value	[7],[10]			$ 4,983
Fair Value as % of Net Assets	[7],[12]			0.67%
Investment, Identifier [Axis]: YI, LLC (Young Innovations) 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13],[14]	5.75%
Interest rate	[3],[4],[13],[14]	10.39%
Par Amount	[3],[13],[14]	$ 16,386
Amortized Cost	[3],[13],[14]	16,249
Fair Value	[3],[9],[13],[14]	$ 16,244
Fair Value as % of Net Assets	[3],[11],[13],[14]	1.66%
Investment, Identifier [Axis]: YI, LLC (Young Innovations) 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[2],[4],[14]	5.75%
Interest rate	[1],[2],[4],[14]	10.39%
Par Amount	[1],[2],[14]	$ 3,448
Amortized Cost	[1],[2],[14]	0
Fair Value	[1],[2],[9],[14]	$ (30)
Fair Value as % of Net Assets	[1],[2],[11],[14]	0%
Investment, Identifier [Axis]: Young Innovations
Schedule of Investments [Line Items]
Spread above reference rate	[5],[7],[8],[15]			5.75%
Interest rate	[5],[7],[8],[15]			11.09%
Par Amount	[5],[7],[15]			$ 16,552
Amortized Cost	[5],[7],[15]			16,386
Fair Value	[5],[7],[10],[15]			$ 16,391
Fair Value as % of Net Assets	[5],[7],[12],[15]			2.19%
Investment, Identifier [Axis]: Young Innovations (Delayed Draw)
Schedule of Investments [Line Items]
Spread above reference rate	[6],[8],[15],[16]			5.75%
Interest rate	[6],[8],[15],[16]			11.09%
Par Amount	[6],[15],[16]			$ 3,448
Amortized Cost	[6],[15],[16]			0
Fair Value	[6],[10],[15],[16]			$ (34)
Fair Value as % of Net Assets	[6],[12],[15],[16]			0%
Investment, Identifier [Axis]: good2grow LLC 1
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.50%
Interest rate	[3],[4],[13]	9.16%
Par Amount	[3],[13]	$ 8,699
Amortized Cost	[3],[13]	8,653
Fair Value	[3],[9],[13]	$ 8,699
Fair Value as % of Net Assets	[3],[11],[13]	0.90%
Investment, Identifier [Axis]: good2grow LLC 2
Schedule of Investments [Line Items]
Spread above reference rate	[1],[3],[4]	5.50%
Interest rate	[1],[3],[4]	10.16%
Par Amount	[1],[3]	$ 4,981
Amortized Cost	[1],[3]	4,927
Fair Value	[1],[3],[9]	$ 4,981
Fair Value as % of Net Assets	[1],[3],[11]	0.51%
Investment, Identifier [Axis]: good2grow LLC 3
Schedule of Investments [Line Items]
Spread above reference rate	[3],[4],[13]	4.75%
Interest rate	[3],[4],[13]	9.41%
Par Amount	[3],[13]	$ 14,266
Amortized Cost	[3],[13]	14,149
Fair Value	[3],[9],[13]	$ 14,408
Fair Value as % of Net Assets	[3],[11],[13]	1.48%
[1] Denotes that all or a portion of the assets are owned by the Company or NCDL Equity Holdings (each as defined in Note 1 "Organization"). The Company entered into a senior secured revolving credit agreement (the “Revolving Credit Facility”). The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future. 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 value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See Note 7 "Commitments and Contingencies". Denotes that all or a portion of the assets are owned by CLO-I, CLO-II and/or CLO-III (each as defined in Note 1 "Organization"), which serve as collateral for the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization (each as defined in the Notes). See Note 6 "Secured Borrowings". The majority of the investments bear interest at rates that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at December 31, 2024. As of December 31, 2024, rates for 1M S, 3M S, 6M S, 12M S ("SOFR") are 4.33%, 4.31%, 4.25%, and 4.18% respectively. Certain investments are subject to a SOFR floor or may utilize an alternative reference rate such as U.S. Prime Rate (“P”). For fixed rate loans, a spread above a reference rate is not applicable. Denotes that all or a portion of the assets are owned by SPV II and/or SPV III (each as defined in Note 1 "Organization"). SPV II has entered into a senior secured revolving credit facility (the “SMBC Financing Facility”). The lenders of the SMBC Financing Facility have a first lien security interest in substantially all of the assets of SPV II. Accordingly, such assets are not available to other creditors of the Company. SPV III has entered into a senior secured revolving credit facility (the “Wells Fargo Financing Facility”). The lenders of the Wells Fargo Financing Facility have a first lien security interest in substantially all of the assets of SPV III. Accordingly, such assets are not available to other creditors of the Company. Denotes that all or a portion of the assets are owned by the Company or NCDL Equity Holdings (each as defined in Note 1 "Organization"). The Company entered into a senior secured revolving credit agreement (the “Revolving Credit Facility”). The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future. Denotes that all or a portion of the assets are owned by CLO-I and/or CLO-II (each as defined in the Note 1 "Organization"), which serve as collateral for the 2022 and 2023 Debt Securitization (as defined in the Notes). See Note 6 "Secured Borrowings". The majority of the investments bear interest at rates that may be determined by reference to London Interbank Offered Rate (“SOFR” or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at December 31, 2023. As of December 31, 2023, rate for 1M S, 3M S, 6M S, 12M S ("SOFR") are 5.35%, 5.33%, 5.16%, and 4.77% respectively. Certain investments are subject to a SOFR floor. For fixed rate loans, a spread above a reference rate is not applicable. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Percentage is based on net assets of $970,320 as of December 31, 2024. Percentage is based on net assets of $747,885 as of December 31, 2023. Denotes that all or a portion of the assets are owned by SPV V (as defined in Note 1 "Organization"). SPV V has entered into a senior secured revolving credit facility (the “Wells Fargo Financing Facility”). The lenders of the Wells Fargo Financing Facility have a first lien security interest in substantially all of the assets of SPV V. Accordingly, such assets are not available to other creditors of the Company. Investment is a unitranche position. Position or portion thereof is an unfunded loan commitment, and no interest is being earned on the unfunded portion. See Note 7 "Commitments and Contingencies". The investment may be subject to unused commitment fees. Equity investments are non-income producing securities unless otherwise noted. Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be a “restricted security” under the Securities Act. As of December 31, 2023, the Company held forty-four restricted securities with an aggregate fair value of 30,807, or 4.12% of the Company’s net assets. The investment is considered as a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company cannot acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of December 31, 2023, total non-qualifying assets at fair value represented 4.24% of the Company's total assets calculated in accordance with the 1940 Act. Security acquired in transaction exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may be deemed to be a “restricted security” under the Securities Act. As of December 31, 2024, the Company held fifty-two restricted securities with an aggregate fair value of $36,598, or 3.77% of the Company’s net assets. Loan was on non-accrual status as of December 31, 2024. Investments valued using observable inputs (Level 2). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investments valued using observable inputs (Level 2). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. The investment is considered a non-qualifying asset under Section 55(a) of the 1940 Act. Under the 1940 Act, the Company cannot acquire any non-qualifying asset unless, at the time the acquisition is made, qualifying assets represent at least 70% of the Company's total assets. As of December 31, 2024, total non-qualifying assets at fair value represented 4.71% of the Company's total assets calculated in accordance with the 1940 Act. Represents an investment held through an aggregator vehicle organized as a pooled investment vehicle. This portfolio company is not domiciled in the United States. The principal place of business for Specialized Packing Group is Canada. The principal place of business for Phaidon International is the United Kingdom.

CONSOLIDATED SCHEDULE OF INVE_2

CONSOLIDATED SCHEDULE OF INVESTMENTS (Parenthetical) $ in Thousands	Dec. 31, 2024 USD ($) investment		Dec. 31, 2023 USD ($) investment
Schedule of Investments [Line Items]
Effective interest rate (as a percent)	5%	[1],[2],[3],[4]	6.25%	[5],[6],[7],[8]
Net assets	$ 970,320		$ 747,885
Fair Value	$ 2,122,221	[9]	$ 1,706,163	[10]
Percent of net assets	218.71%	[11]	228.13%	[12]
Restricted Security
Schedule of Investments [Line Items]
Number of restricted securities held | investment	52		44
Fair Value	$ 36,598		$ 30,807
Percent of net assets	3.77%		4.12%
Non Qualifying Assets
Schedule of Investments [Line Items]
Percent of net assets	4.71%		4.24%
Qualifying Assets
Schedule of Investments [Line Items]
Percent of net assets	70%		70%
One Month SOFR
Schedule of Investments [Line Items]
Effective interest rate (as a percent)	4.33%		5.35%
Three Month SOFR
Schedule of Investments [Line Items]
Effective interest rate (as a percent)	4.31%		5.33%
Six Month SOFR
Schedule of Investments [Line Items]
Effective interest rate (as a percent)	4.25%		5.16%
Twelve Month SOFR
Schedule of Investments [Line Items]
Effective interest rate (as a percent)	4.18%		4.77%
[1] Denotes that all or a portion of the assets are owned by the Company or NCDL Equity Holdings (each as defined in Note 1 "Organization"). The Company entered into a senior secured revolving credit agreement (the “Revolving Credit Facility”). The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future. 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 value results from unamortized fees, which are capitalized to the investment cost. The unfunded loan commitment may be subject to a commitment termination date that may expire prior to the maturity date stated. See Note 7 "Commitments and Contingencies". Denotes that all or a portion of the assets are owned by CLO-I, CLO-II and/or CLO-III (each as defined in Note 1 "Organization"), which serve as collateral for the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization (each as defined in the Notes). See Note 6 "Secured Borrowings". The majority of the investments bear interest at rates that may be determined by reference to Secured Overnight Financing Rate ("SOFR" or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at December 31, 2024. As of December 31, 2024, rates for 1M S, 3M S, 6M S, 12M S ("SOFR") are 4.33%, 4.31%, 4.25%, and 4.18% respectively. Certain investments are subject to a SOFR floor or may utilize an alternative reference rate such as U.S. Prime Rate (“P”). For fixed rate loans, a spread above a reference rate is not applicable. Denotes that all or a portion of the assets are owned by SPV II and/or SPV III (each as defined in Note 1 "Organization"). SPV II has entered into a senior secured revolving credit facility (the “SMBC Financing Facility”). The lenders of the SMBC Financing Facility have a first lien security interest in substantially all of the assets of SPV II. Accordingly, such assets are not available to other creditors of the Company. SPV III has entered into a senior secured revolving credit facility (the “Wells Fargo Financing Facility”). The lenders of the Wells Fargo Financing Facility have a first lien security interest in substantially all of the assets of SPV III. Accordingly, such assets are not available to other creditors of the Company. Denotes that all or a portion of the assets are owned by the Company or NCDL Equity Holdings (each as defined in Note 1 "Organization"). The Company entered into a senior secured revolving credit agreement (the “Revolving Credit Facility”). The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future. Denotes that all or a portion of the assets are owned by CLO-I and/or CLO-II (each as defined in the Note 1 "Organization"), which serve as collateral for the 2022 and 2023 Debt Securitization (as defined in the Notes). See Note 6 "Secured Borrowings". The majority of the investments bear interest at rates that may be determined by reference to London Interbank Offered Rate (“SOFR” or "S"), which reset monthly or quarterly. For each such investment, the Company has provided the spread over SOFR and the current contractual interest rate in effect at December 31, 2023. As of December 31, 2023, rate for 1M S, 3M S, 6M S, 12M S ("SOFR") are 5.35%, 5.33%, 5.16%, and 4.77% respectively. Certain investments are subject to a SOFR floor. For fixed rate loans, a spread above a reference rate is not applicable. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Percentage is based on net assets of $970,320 as of December 31, 2024. Percentage is based on net assets of $747,885 as of December 31, 2023.

ORGANIZATION

ORGANIZATION	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Nuveen Churchill Direct Lending Corp., a Maryland corporation (the “Company”, which refers to either Nuveen Churchill Direct Lending Corp. or Nuveen Churchill Direct Lending Corp. together with its consolidated subsidiaries, as the context may require), is a closed-end, externally managed, non-diversified management investment company that has elected to be regulated as a business development company (“BDC”) under the Investment Company Act of 1940, as amended (the “1940 Act”). In addition, the Company has elected, and intends to qualify annually, to be treated for U.S. federal income tax purposes as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). Effective June 1, 2020, the Company changed its name from “Nuveen Churchill BDC, Inc.” to “Nuveen Churchill Direct Lending Corp.” The Company’s investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which the Company defines as companies with approximately $10 million to $250 million of annual earnings before interest, taxes, depreciation and amortization (“EBITDA”). The Company primarily focuses on investing in U.S. middle market companies with $10 million to $100 million in EBITDA, which it considers the core middle market. The Company's portfolio is comprised primarily of first-lien senior secured debt and unitranche loans. Although it is not the Company's primary strategy, the Company also opportunistically invests in junior capital opportunities, including second-lien loans, subordinated debt, and equity co-investments and similar equity-related securities. The Company entered into the Advisory Agreement with Churchill DLC Advisor LLC (f/k/a Nuveen Churchill Advisors LLC) (the “Adviser”), under which the Adviser has delegated substantially all of its day-to-day portfolio management obligations through the CAM Sub-Advisory Agreement with Churchill Asset Management LLC (“Churchill”). In addition, the Adviser and Churchill have entered into the NAM Sub-Advisory Agreement with Nuveen Asset Management, LLC (“Nuveen Asset Management” and, together with the Adviser and Churchill, the “Advisers”), pursuant to which Nuveen Asset Management may manage a portion of the Company's portfolio consisting of cash and cash equivalents, liquid fixed-income securities (including broadly syndicated loans) and other liquid credit instruments, subject to the pace and amount of investment activity in the middle market investment program. Under the Administration Agreement, the Company is provided with certain services by an administrator, Churchill BDC Administration LLC (f/k/a Nuveen Churchill Administration LLC) (the “Administrator”). The Advisers and Administrator are all affiliates and subsidiaries of Nuveen, LLC, a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). See Note 5 , Related Party Transactions. Churchill NCDLC CLO-I, LLC (“CLO-I”), Churchill NCDLC CLO-II, LLC (“CLO-II”), Churchill NCDLC CLO-III, LLC (“CLO-III”), Nuveen Churchill BDC SPV IV, LLC (“SPV IV”), Nuveen Churchill BDC SPV V, LLC (“SPV V”) and NCDL Equity Holdings LLC ("NCDL Equity Holdings") are wholly owned subsidiaries of the Company and are consolidated in these financial statements commencing from the date of their respective formation, in accordance with the Company's consolidation policy discussed in Note 2 . CLO-I, CLO-II and CLO-III completed term debt securitizations in May 2022, December 2023 and March 2024, respectively. SPV IV and SPV V primarily invest in first-lien senior secured debt and unitranche loans. NCDL Equity Holdings was formed to hold certain equity-related securities. Beginning with its initial closing in March 2020, the Company conducted private offerings ("Private Offerings") of its shares of common stock to accredited investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Company held its final closing on April 28, 2023. On January 29, 2024, the Company closed its initial public offering (“IPO”). The Company’s common stock began trading on the New York Stock Exchange (“NYSE”) under the symbol “NCDL” on January 25, 2024.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The Company is an investment company for the purposes of accounting and financial reporting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies (“ASC 946”), and pursuant to Regulation S-X. In the opinion of management, all adjustments, which are of a normal recurring nature and considered necessary for the fair statement of the consolidated financial statements for the periods presented have been included. The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. U.S. GAAP for an investment company requires investments to be recorded at fair value. The carrying value for all other assets and liabilities approximates their fair value, unless otherwise disclosed herein. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates based on assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Cash, Cash Equivalents and Restricted Cash Cash and restricted cash represent cash deposits held at financial institutions, which at times may exceed U.S. federally insured limits. The Company's cash held by SPV V is restricted, based on the terms of the Wells Fargo Financing Facility (as defined in Note 6 below). Cash equivalents include short-term highly liquid investments, such as money market funds, that are readily convertible to cash and have original maturities of three months or less. Cash, restricted cash and cash equivalents are carried at cost, which approximates fair value. Valuation of Portfolio Investments Investments are valued in accordance with the fair value principles established by FASB ASC Topic 820, Fair Value Measurement (“ASC Topic 820”), and in accordance with the 1940 Act. ASC Topic 820’s definition of fair value focuses on the amount that would be received to sell the asset or paid to transfer the liability in the principal or most advantageous market, and prioritizes the use of market-based inputs (observable) over entity-specific inputs (unobservable) within a measurement of fair value. ASC Topic 820 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. ASC Topic 820 also provides guidance regarding a fair value hierarchy, which prioritizes information used to measure fair value and the effect of fair value measurements on earnings, and provides for enhanced disclosures determined by the level within the hierarchy of information used in the valuation. In accordance with ASC Topic 820, these inputs are summarized in the three levels listed below: • Level 1 — Valuations are based on unadjusted, quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. • Level 2 — Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 — Valuations based on inputs that are unobservable and significant to the overall fair value measurement. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of observable input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Active, publicly traded instruments are classified as Level 1 and their values are generally based on quoted market prices, even if both the market’s normal daily trading volume is not sufficient to absorb the quantity held and placing orders to sell the position in a single transaction might affect the quoted price. Fair value is generally determined as the price that would be received for an investment in a current sale, which assumes an orderly market is available for the market participants at the measurement date. If available, fair value of investments is based on directly observable market prices or on market data derived from comparable assets. The Company’s valuation policy considers the fact that no ready market may exist for many of the securities in which it invests and that fair value for its investments must be determined using unobservable inputs. Pursuant to Rule 2a-5 under the 1940 Act, the Company's board of directors (the “Board”) has designated the Adviser as the Company's valuation designee (the “Valuation Designee”) to determine the fair value of the Company's investments that do not have readily available market quotations. Pursuant to the Company's valuation policy approved by the Board, a valuation committee comprised of employees of the Adviser (the “Valuation Committee”) is responsible for determining the fair value of the Company’s assets for which market quotations are not readily available, subject to the oversight of the Board. With respect to investments for which market quotations are not readily available (Level 3), the Valuation Designee, subject to the oversight of the Board as described below, defined further below in Note 5 , undertakes a multi-step valuation process each quarter, as follows: i. the quarterly valuation process begins with each portfolio company or investment being initially valued by either the professionals of the applicable investment team that are responsible for the portfolio investment or an independent third-party valuation firm; ii. to the extent that an independent third-party valuation firm has not been engaged by, or on behalf of, the Company to value 100% of the portfolio, then at a minimum, an independent third-party valuation firm will be engaged by, or on behalf of, the Company will provide positive assurance of the portfolio each quarter (such that each investment is reviewed by a third-party valuation firm at least once on a rolling 12-month basis and each watch-list investment will be reviewed each quarter), including a review of management’s preliminary valuation and recommendation of fair value; iii. the Valuation Committee then reviews and discusses the valuations with any input, where appropriate, from the independent third-party valuation firm(s), and determine the fair value of each investment in good faith based on the Company’s valuation policy, subject to the oversight of the Board; and iv. the Valuation Designee provides the Board with the information relating to the fair value determination pursuant to the Company’s valuation policy in connection with each quarterly Board meeting, comply with the periodic board reporting requirements set forth in the Company’s valuation policy, and discuss with the Board its determination of the fair value of each investment in good faith. The Valuation Designee makes this fair value determination on a quarterly basis and in such other instances when a decision regarding the fair value of the portfolio investments is required. Factors considered by the Valuation Designee as part of the valuation of investments include each portfolio company's credit ratings/risk, current and projected earnings, current and expected leverage, ability to make interest and principal payments, liquidity, compliance with applicable loan covenants, and price to earnings (or other financial) ratios and those of comparable companies, as well as the estimated remaining life of the investment and current market yields and interest rate spreads of similar securities as of the measurement date. Other factors taken into account include changes in the interest rate environment and credit markets that may affect the price at which similar investments would trade. The Valuation Designee also may base its valuation of an investment on recent transactions of investments and securities with similar structure and risk characteristics. The Valuation Designee obtains market data from its ongoing investment purchase efforts, in addition to monitoring transactions that have closed or are discussed in industry publications. External information may include (but is not limited to) observable market data derived from the U.S. loan and equity markets. As part of compiling market data as an indication of current market conditions, management may utilize third-party sources. The values assigned to investments are based on available information and may fluctuate from period to period. In addition, such values do not necessarily represent the amount that ultimately might be realized upon a portfolio investment's sale. Due to the inherent uncertainty of valuation, the estimated fair value of an investment may differ from the value that would have been used had a ready market for the security existed, and the difference could be material. The Board is responsible for overseeing the Valuation Designee’s process for determining the fair value of the Company’s assets for which market quotations are not readily available, taking into account the Company’s valuation risks. To facilitate the Board’s oversight of the valuation process, the Valuation Designee provides the Board with quarterly reports, annual reports, and prompt reporting of material matters affecting the Valuation Designee’s determination of fair value. As part of the Board’s oversight role, the Board may request and review additional information to be informed of the Valuation Designee’s process for determining the fair value of the Company's investments. Investment Transactions and Revenue Recognition Investment transactions are recorded on the applicable trade date. Any amounts related to purchases, sales and principal paydowns that have traded, but not settled, are reflected as either a receivable for investments sold or payable for investments purchased on the consolidated statements of assets and liabilities. Realized gains or losses are measured by the difference between the net proceeds received from repayments and sales and the cost basis of the investment using the specific identification method without regard to unrealized appreciation or depreciation previously recognized are included as net realized gain (loss) on investments in the consolidated statements of operations. Net change in unrealized appreciation (depreciation) on investments is recognized in the consolidated statements of operations and reflects the period-to-period change in fair value and cost of investments, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized. Interest income, including amortization of premium and accretion of discount on loans, and expenses are recorded on the accrual basis. The Company accrues interest income if it expects that ultimately it will be able to collect such income. The Company may have loans in its portfolio that contain payment-in-kind (“PIK”) income provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. This non-cash source of income is included when determining what must be paid out to shareholders in the form of distributions in order for the Company to maintain its tax treatment as a RIC, even though the Company has not yet collected cash. For the years ended December 31, 2024, 2023, and 2022 the Company earned $8,299, $3,644, and $789 respectively, in PIK income provisions, representing 3.70%, 2.25%, and 0.96% of total investment income, respectively. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies. For the years ended December 31, 2024, 2023, and 2022, the Company earned $614, $101, and $225 respectively, of dividend income on its equity investments. Other income may include income such as consent, waiver, amendment, unused, and prepayment fees associated with the Company’s investment activities, as well as any fees for managerial assistance services rendered by the Company to its portfolio companies. Such fees are recognized as income when earned or the services are rendered. For the years ended December 31, 2024, 2023, and 2022 the Company earned other income of $2,031, $1,143, and $1,571 respectively, primarily related to prepayment and amendment fees. Loans are generally placed on non-accrual status when a payment default occurs or if management otherwise believes that the issuer of the loan will not be able to make contractual interest payments or principal payments. The Company will cease recognizing interest income on that loan until all principal and interest is current through payment or until a restructuring occurs, such that the interest income is deemed to be collectible. However, the Company remains contractually entitled to this interest. The Company may make exceptions to this policy if the loan has sufficient collateral value and is in the process of collection. Accrued interest is written-off when it becomes probable that the interest will not be collected and the amount of uncollectible interest can be reasonably estimated. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through PIK income. As of December 31, 2024, the Company had one portfolio company on non-accrual status with an aggregate fair value of $1,896 which represented approximately 0.09% of total investments at fair value. As of December 31, 2023, there were no portfolio companies on non-accrual. Deferred Financing Costs Deferred financing costs include capitalized expenses related to the closing or amendments of borrowings. Amortization of deferred financing costs is computed on the straight-line basis over the term of the borrowings. The unamortized balance of such costs is included as a direct deduction from the related liability in the accompanying consolidated statements of assets and liabilities. The amortization of such costs is included in interest and debt financing expenses in the accompanying consolidated statements of operations. Offering Costs Offering costs associated with the Private Offerings were recognized as a deferred charge on the consolidated statement of assets and liabilities and amortized on a straight-line basis over 12 months. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s continuous Private Offering of its shares. For the years ended December 31, 2024, 2023, and 2022 the Company incurred offering costs of $0, $23, and $82 respectively. Deferred offering costs include registration expenses related to any shelf registration statement filed by the Company. These expenses consist primarily of SEC registration fees, legal fees and accounting fees incurred related thereto. Upon the completion of an equity offering or a debt offering, the deferred expenses are charged to additional paid-in capital or debt issuance costs, respectively. The Adviser paid the offering costs associated with the IPO on behalf of the Company. The Company is not obligated to reimburse any such offering costs paid by the Adviser. Income Taxes For U.S. federal income tax purposes, the Company has elected, and intends to qualify annually, to be treated as a RIC under the Code. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay U.S. federal income taxes only on the portion of its taxable income and capital gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its shareholders at least 90% of its investment company taxable income (“ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% U.S. nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ended October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to U.S. federal income tax at corporate rates is considered to have been distributed. The Company intends to timely distribute to our shareholders substantially all of our annual taxable income for each year, except that the Company may retain certain net capital gains for reinvestment and, depending upon the level of taxable income earned in a year, we may choose to carry forward ICTI for distribution in the following year and pay any applicable U.S. federal excise tax. The Company evaluates tax positions taken or expected to be taken in the course of preparing its consolidated financial statements to determine whether the tax positions are “more-likely than not” to be sustained by the applicable tax authority. CLO-I, CLO-II, CLO-III, SPV IV and SPV V are disregarded entities for tax purposes and are consolidated with the tax return of the Company. NCDL Equity Holdings has elected to be classified as a corporation for U.S. federal income tax purposes. All penalties and interest associated with income taxes, if any, are included in income tax expense. For the years ended December 31, 2024 and 2023, the Company incurred $551 and $6 of excise tax expense, respectively. For the year ended December 31, 2022, the Company did not incur any excise tax expense. Dividends and Distributions to Common Shareholders To the extent that the Company has taxable income, the Company intends to continue to make quarterly distributions to its common shareholders. Dividends and distributions to common shareholders are recorded on the applicable record date. The amount to be distributed to common shareholders is determined by the Board each quarter and is generally based upon the taxable earnings estimated by management and available cash. Net realized capital gains, if any, will generally be distributed at least annually, although the Company may decide to retain such capital gains for investment. In connection with the IPO, the Board approved an amended and restated dividend reinvestment plan (the "Amended DRIP"), which became effective on January 29, 2024, concurrent with the consummation of the IPO. The Amended DRIP changed the dividend reinvestment plan from an “opt in” dividend reinvestment plan to an “opt out” dividend reinvestment plan. As a result of the foregoing, if the Board authorizes, and the Company declares, a cash dividend or distribution, shareholders that acquired their shares in the IPO and do not “opt out” of the Amended DRIP will have their cash distributions automatically reinvested in additional shares rather than receiving cash. Notwithstanding the foregoing, a shareholder’s election (or deemed election) under the dividend reinvestment plan, dated December 19, 2019, will remain in effect for such shareholder and no further action is required by such shareholder with respect to their election under the Amended DRIP. With respect to each distribution under the Amended DRIP, the Company reserves the right to either issue new shares of common stock or purchase shares of common stock in the open market for the accounts of participants in the Amended DRIP. If newly issued shares are used to implement the Amended DRIP, the number of shares to be issued to a shareholder will be determined by dividing the total dollar amount of the distribution payable to such participant by the market price per share of the Company's common stock at the close of regular trading of the NYSE on the distribution payment date, or if no sale is reported for such day, the average of the reported bid and asked prices. However, if the market price per share on the distribution payment date exceeds the most recently computed net asset value ("NAV") per share, the Company will issue shares at the greater of (i) the most recently computed NAV per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeds the most recently computed NAV per share). If shares are purchased in the open market to implement the Amended DRIP, the number of shares to be issued to a participant will be determined by dividing the dollar amount of the distribution payable to such participant by the weighted average price per share for all shares of common stock purchased by the plan administrator in the open market in connection with the dividend or distribution. Although each participant may from time to time have an undivided fractional interest in a share, no certificates for a fractional share will be issued. However, dividends and distributions on fractional shares will be credited to each participant’s account. Functional Currency The functional currency of the Company is the U.S. Dollar and all transactions were in U.S. Dollars. Segment Reporting The Company is externally managed and has a single reportable segment in accordance with ASC Topic 280, Segment Reporting (“ASC 280”), which derives investment income from its portfolio of investments. The Company's accounting policies are further described above in Note 2 , Significant Accounting Policies. The chief operating decision makers assesses performance for the Company based on net investment income, net realized and unrealized gains (losses) from investments, and net increase (decrease) in net assets resulting from operations, which are reported on the consolidated statements of operations. The chief operating decision makers also may assess the Company's performance by completing an industry benchmarking analysis using the metrics disclosed in Note 10 , Consolidated Financial Highlights. The Company's chief operating decision makers are the Company's investment committee, which is comprised of senior investment personnel of the Churchill investment teams, and the chief executive officer and chief financial officer. Subject to the overall supervision of the Company's board of directors, Churchill manages the day-to-day operations of, and provides investment advisory and management services to, the Company. All investment decisions for the Company require the unanimous approval of the members of the investment committee. The information and operating expense categories included in the consolidated statements of operations are fully reflective of the significant expense categories and amounts that are regularly provided to the chief operating decision makers. Recent Accounting Pronouncements In November 2024, the FASB issued Accounting Standard Update (“ASU”) No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”). The amendments in ASU 2024-03 improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS	INVESTMENTS As of December 31, 2024 and December 31, 2023, our investments consisted of the following (dollar amounts in thousands): December 31, 2024 December 31, 2023 Amortized Cost Fair Value % of Fair Value Amortized Cost Fair Value % of Fair Value First-Lien Debt $ 1,893,409 $ 1,885,643 90.59 % $ 1,450,120 $ 1,427,492 86.95 % Subordinated Debt 1 170,957 159,138 7.65 % 190,454 183,387 11.17 % Equity Investments 34,209 36,598 1.76 % 25,595 30,807 1.88 % Total $ 2,098,575 $ 2,081,379 100.00 % $ 1,666,169 $ 1,641,686 100.00 % _____________________ 1 As of December 31, 2024, Subordinated Debt is comprised of second lien term loans and/or second lien notes of $67,780, mezzanine debt of $89,740 and $1,618 of structured debt at fair value and second lien term loans and/or second lien notes of $71,622, mezzanine debt of $94,978 and $4,357 of structured debt at amortized cost. As of December 31, 2023, Subordinated Debt is comprised of second lien term loans and/or second lien notes of $97,203, mezzanine debt of $83,528 and $2,656 of structured debt at fair value and second lien term loans and/or second lien notes of $100,711, mezzanine debt of $86,495 and $3,247 of structured debt at amortized cost. The industry composition of our portfolio as a percentage of fair value as of December 31, 2024 and December 31, 2023 was as follows: Industry December 31, 2024 December 31, 2023 Aerospace & Defense 3.36 % 3.13 % Automotive 3.33 % 4.95 % Banking, Finance, Insurance & Real Estate 3.28 % 3.95 % Beverage, Food & Tobacco 6.95 % 7.76 % Capital Equipment 5.46 % 4.21 % Chemicals, Plastics & Rubber 1.36 % 2.29 % Construction & Building 5.54 % 3.90 % Consumer Goods: Durable 0.97 % 1.51 % Consumer Goods: Non-durable 2.34 % 3.31 % Containers, Packaging & Glass 3.87 % 3.97 % Energy: Electricity 2.50 % 1.75 % Environmental Industries 3.85 % 2.73 % Healthcare & Pharmaceuticals 14.47 % 12.72 % High Tech Industries 8.65 % 8.97 % Hotel, Gaming & Leisure 0.15 % — % Media: Advertising, Printing & Publishing 0.90 % 1.12 % Media: Diversified & Production 0.91 % 0.96 % Retail 0.28 % 0.35 % Services: Business 16.48 % 18.43 % Services: Consumer 5.18 % 4.86 % Sovereign & Public Finance 0.64 % 0.65 % Telecommunications 3.19 % 3.17 % Transportation: Cargo 2.95 % 3.20 % Transportation: Consumer 0.62 % 0.13 % Utilities: Electric 1.16 % 0.89 % Utilities: Water 0.42 % — % Wholesale 1.19 % 1.09 % Total 100.00 % 100.00 % The geographic composition of investments at cost and fair value was as follows: December 31, 2024 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets United States $ 2,019,779 $ 2,002,726 96.22 % 206.40 % Canada 43,489 43,526 2.09 % 4.49 % Germany 22,142 22,102 1.06 % 2.28 % United Kingdom 13,165 13,025 0.63 % 1.34 % Total $ 2,098,575 $ 2,081,379 100.00 % 214.51 % December 31, 2023 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets United States $ 1,613,815 $ 1,589,384 96.82 % 212.52 % Canada 38,462 38,292 2.33 % 5.12 % United Kingdom 13,892 14,010 0.85 % 1.87 % Total $ 1,666,169 $ 1,641,686 100.00 % 219.51 % As of December 31, 2024 and December 31, 2023, on a fair value basis, 94.68% and 94.61%, respectively, of the Fund’s debt investments bore interest at a floating rate, and 5.32% and 5.39%, respectively, of the Fund’s debt investments bore interest at a fixed rate.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Fair Value Disclosures The following tables present fair value measurements of investments, by major class, and cash equivalents as of December 31, 2024 and December 31, 2023, according to the fair value hierarchy: As of December 31, 2024 Level 1 Level 2 Level 3 Total Assets: First-Lien Debt $ — $ 78,793 $ 1,806,850 $ 1,885,643 Subordinated Debt 1 — 8,359 150,779 159,138 Equity Investments — — 36,598 36,598 Cash Equivalents 40,842 — — 40,842 Total $ 40,842 $ 87,152 $ 1,994,227 $ 2,122,221 ______________ 1 Subordinated Debt is further comprised of second lien term loans and/or second lien notes of $67,780, mezzanine debt of $89,740 and $1,618 of structured debt. As of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: First-Lien Debt $ — $ 34,481 $ 1,393,011 $ 1,427,492 Subordinated Debt 1 — 8,691 174,696 183,387 Equity Investments — — 30,807 30,807 Cash Equivalents 64,477 — — 64,477 Total $ 64,477 $ 43,172 $ 1,598,514 $ 1,706,163 _______________ 1 Subordinated Debt is further comprised of second lien term loans and/or second lien notes of $97,203, mezzanine debt of $83,528 and $2,656 of structured debt. The following tables provide a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the following periods: For the Year Ended December 31, 2024 First-Lien Debt Subordinated Debt Equity Investments Total Balance as of December 31, 2023 $ 1,393,011 $ 174,696 $ 30,807 $ 1,598,514 Purchase of investments and other adjustments to cost (1) 743,619 30,366 9,542 783,527 Proceeds from principal repayments and sales of investments (1) (338,142) (40,147) (1,993) (380,282) Payment-in-kind interest 956 7,343 — 8,299 Amortization of premium/accretion of discount, net 931 524 — 1,455 Net realized gain (loss) on investments (5,852) (8,667) 1,064 (13,455) Net change in unrealized appreciation (depreciation) on investments 14,401 (5,708) (2,822) 5,871 Transfers out of Level 3 (2) (11,898) (7,628) — (19,526) Transfers to Level 3 (2) 9,824 — — 9,824 Balance as of December 31, 2024 $ 1,806,850 $ 150,779 $ 36,598 $ 1,994,227 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held as of December 31, 2024 $ 7,551 $ (6,050) $ (1,301) $ 200 _______________ (1) Includes reorganizations and restructuring of investments (2)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the year ended December 31, 2024, transfers into Level 3 from Level 2 were a result of changes in the observability of significant inputs for certain portfolio companies. For the Year Ended December 31, 2023 First-Lien Debt Subordinated Debt Equity Investments Total Balance as of December 31, 2022 $ 1,016,856 $ 133,243 $ 27,313 $ 1,177,412 Purchase of investments 513,487 65,296 9,110 587,893 Proceeds from principal repayments and sales of investments (118,469) (14,915) (8,667) (142,051) Payment-in-kind interest 221 3,047 — 3,268 Amortization of premium/accretion of discount, net 1,386 426 833 2,645 Net realized gain (loss) on investments (14,339) 238 6,112 (7,989) Net change in unrealized appreciation (depreciation) on investments 8,871 (4,191) (3,894) 786 Transfers out of Level 3 (1) (23,350) (8,448) — (31,798) Transfers to Level 3 (1) 8,348 — — 8,348 Balance as of December 31, 2023 $ 1,393,011 $ 174,696 $ 30,807 $ 1,598,514 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held as of December 31, 2023 $ 364 $ (4,167) $ 2,154 $ (1,649) _______________ (1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the year ended December 31, 2023, transfers into Level 3 from Level 2 were a result of changes in the observability of significant inputs for certain portfolio companies. Significant Unobservable Inputs ASC Topic 820 requires disclosure of quantitative information about the significant unobservable inputs used in the valuation of assets and liabilities classified as Level 3 within the fair value hierarchy. The valuation techniques and significant unobservable inputs used in Level 3 fair value measurements of assets as of December 31, 2024 and December 31, 2023 were as follows: Investment Type Fair Value at December 31, 2024 Valuation Techniques Unobservable Inputs Ranges Weighted Average First-Lien Debt $ 1,680,013 Yield Method Market Yield Discount Rates 5.83% 20.50% 10.13% First-Lien Debt 16,215 Market Approach EBITDA Multiple 6.50x 15.50x 7.32x Subordinated Debt 143,952 Yield Method Market Yield Discount Rates 12.00% 26.41% 15.46% Subordinated Debt 2,032 Market Approach EBITDA Multiple 5.25x 14.00x 12.85x Subordinated Debt 1,896 Black-Scholes EBITDA Multiple 11.00x 11.00x 11.00x Equity 1,224 Yield Method Market Yield Discount Rates 8.00% 9.25% 9.07% Equity 35,147 Market Approach EBITDA Multiple 5.25x 19.50x 11.18x Equity 24 Market Approach Revenue Multiple 0.95x 0.95x 0.95x Total $ 1,880,503 First-Lien Debt in the amount of $110,622, Subordinated Debt in the amount of $2,899 and equity investments in the amount of $203 at December 31, 2024 have been excluded from the table above, because the investments are valued using a recent transaction. Investment Type Fair Value at December 31, 2023 Valuation Techniques Unobservable Inputs Ranges Weighted Average First-Lien Debt $ 1,192,190 Yield Method Market Yield Discount Rates 6.13% 18.73% 10.63% First-Lien Debt 19,519 Market Approach EBITDA Multiple 6.50x 9.25x 7.21x Subordinated Debt 162,646 Yield Method Market Yield Discount Rates 9.70% 24.91% 14.44% Equity 158 Yield Method Market Yield Discount Rates 8.36% 8.36% 8.36% Equity 29,390 Market Approach EBITDA Multiple 6.50x 19.50x 10.96x Equity 2 Market Approach Blended EBITDA Multiple 13.25x 13.25x 13.25x Blended Revenue Multiple 1.40x 1.40x 1.40x Total $ 1,403,905 First-Lien Debt in the amount of $181,302, Subordinated Debt in the amount of $12,050 and equity investments in the amount of $1,257 at December 31, 2023 have been excluded from the table above, because the investments are valued using a recent transaction. Debt investments are generally valued using the yield method. Under the yield method, a price is ascribed for each investment based upon an assessment of current and expected market yields for similar investments and risk profiles. Additional consideration is given to the expected life, portfolio company performance since close, and other terms and risks associated with an investment. Among other factors, a determinant of risk is the amount of leverage used by the portfolio company relative to its total enterprise value, and the rights and remedies of the Company’s investment within the portfolio company’s capital structure. Debt investments may also be valued using a market approach. The market approach utilizes market value (EBITDA) multiples of publicly traded comparable companies and available precedent sales transactions of comparable companies. Certain factors are considered when selecting the appropriate companies whose multiples are used in the valuation. These factors may include the type of organization, similarity to the business being valued and, relevant risk factors, as well as size, profitability and growth expectations. A recent transaction, if applicable, also may be factored into the valuation if the transaction price is believed to be an indicator of value. Equity investments are generally valued using a market approach, which utilizes market value (EBITDA or revenue) multiples of publicly traded comparable companies and available precedent sales transactions of comparable companies. The selected multiple is used to estimate the enterprise value of the underlying investment. The significant unobservable input used under the yield method is a discount rate based on comparable market yields. Significant increases in discount rates in isolation would result in a significantly lower fair value measurement. The significant unobservable input used in the market approach is the performance multiple, which may include a revenue multiple, EBITDA multiple, or forward-looking metrics. The multiple is used to estimate the enterprise value of the underlying investment. An increase or decrease in the multiple would result in an increase or decrease, respectively, in the fair value. Alternative valuation methodologies may be used as deemed appropriate for debt or equity investments, and may include, but are not limited to, a market approach, income approach, or liquidation (recovery) approach. Weighted average inputs are calculated based on the relative fair value of the investments. Financial Instruments disclosed but not carried at fair value The fair value of the Company's credit facilities, which would be categorized as Level 3 within the fair value hierarchy approximates their carrying values. These fair value measurements were based on significant inputs not observable and thus represent Level 3 measurements. The fair value of the 2022 Debt, the 2023 Debt and the 2024 Debt (as defined in Note 6 ) were based on market quotations(s) received from broker/dealer(s). These fair value measurements were based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly and thus represent Level 2 measurements. The carrying value and fair value of the Company’s debt obligations were as follows: December 31, 2024 December 31, 2023 Carrying Value (1) Fair Value Carrying Value (1) Fair Value Wells Fargo Financing Facility $ 106,000 $ 106,000 $ 231,000 $ 231,000 SMBC Financing Facility — — 37,377 37,377 Revolving Credit Facility 237,750 237,750 126,500 126,500 2022 Debt 342,000 343,766 342,000 338,345 2023 Debt 214,429 217,446 215,000 213,976 2024 Debt 214,750 216,611 — — Total $ 1,114,929 $ 1,121,573 $ 951,877 $ 947,198 _______________ (1)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Advisory Agreements On December 31, 2019, immediately prior to its election to be regulated as a BDC, the Company entered into the investment advisory agreement with the Adviser. On January 29, 2024, the Company entered into an amended and restated investment advisory agreement (the “Advisory Agreement”), which became effective upon the consummation of the IPO on January 29, 2024. On December 31, 2019, immediately prior to the Company’s election to be regulated as a BDC, the Adviser entered into an investment sub-advisory agreement with Churchill, which was subsequently amended and restated on December 11, 2020, October 7, 2021 and March 8, 2022 (the “CAM Sub-Advisory Agreement”). The Adviser has delegated substantially all of its day-to-day portfolio-management obligations under the Advisory Agreement to Churchill pursuant to the CAM Sub-Advisory Agreement. The Adviser has general oversight over the investment process on behalf of the Company and manages the capital structure of the Company, including, but not limited to, asset and liability management. The Adviser also has ultimate responsibility for the Company’s performance under the terms of the Advisory Agreement. The Adviser retains 32.5% of the management fee and incentive fee payable by the Company. The remaining amount is paid by the Adviser to Churchill as compensation for services provided by Churchill pursuant to the CAM Sub-Advisory Agreement. On January 29, 2024, the Adviser and Churchill entered into an investment sub-advisory agreement with Nuveen Asset Management (the “NAM Sub-Advisory Agreement”, and together with the Advisory Agreement and the CAM Sub-Advisory Agreement, the “Advisory Agreements”), pursuant to which Nuveen Asset Management may manage a portion of the Company’s portfolio consisting of cash and cash equivalents, liquid fixed-income securities (including broadly syndicated loans) and other liquid credit instruments (“Liquid Investments”), subject to the pace and amount of investment activity in the middle market investment program. The Company typically refers to an investment as liquid if the investment is, or we expect it to be, actively traded (with a typical settlement period of one month with respect to broadly syndicated loans). The percentage of the Company’s portfolio allocated to the Liquid Investments strategy managed by Nuveen Asset Management is at the discretion of Churchill. The fees payable to Nuveen Asset Management pursuant to the NAM Sub-Advisory Agreement to manage the Company’s Liquid Investment allocation is payable by Churchill and does not impact the advisory fees payable by the Company’s shareholders. Churchill will pay Nuveen Asset Management monthly in arrears, 0.375% of the daily weighted average principal amount of the Liquid Investments managed by Nuveen Asset Management pursuant to the NAM Sub-Advisory Agreement. The fees payable to Nuveen Asset Management pursuant to the NAM Sub-Advisory Agreement will not impact the advisory fees payable by the Company's shareholders. Advisory agreements remain in effect for an initial period of two years from its respective effective date and will remain in effect on a year-to-year basis thereafter if approved annually either by the Board or by the affirmative vote of the holders of a majority of our outstanding voting securities and, in each case, a majority of our Independent Directors. On October 27, 2023, the Board, including a majority of the directors who are not “interested persons” (as defined in the 1940 Act) of the Company (the “Independent Directors”), approved the Advisory Agreement and the NAM Sub-Advisory Agreement. In connection therewith, the Advisory Agreement and the NAM Sub-Advisory were approved by the Company's shareholders on December 15, 2023 and became effective on January 29, 2024 upon the consummation of the IPO. Most recently, on October 29, 2024, the Board, including a majority of the Independent Directors, approved the renewal of each of the Advisory Agreement, the CAM Sub-Advisory Agreement, and the NAM Sub-Advisory Agreement for a one-year term commencing on December 1, 2024, resulting in the continuation of each agreement until December 1, 2025. Although the two-year term of the Advisory Agreement and the NAM Sub-Advisory Agreement would not have expired until January 29, 2026, the Board considered it to be in the best interests of the Company's shareholders to align the annual considerations of such agreements with other annual approvals, including the annual review and renewal of the CAM Sub-Advisory Agreement. Each Advisory Agreement will automatically terminate in the event of its assignment, as defined in the 1940 Act, by the applicable investment adviser and may be terminated by either the Company or the applicable investment adviser without penalty upon not less than 60 days’ written notice to the other. The holders of a majority of our outstanding voting securities may also terminate any of the Advisory Agreements without penalty. Compensation of the Adviser - Management Fee Under the Advisory Agreement, for the first five quarters beginning with the calendar quarter in which the IPO was consummated (i.e., beginning with the calendar quarter ended March 31, 2024 through the calendar quarter ending March 31, 2025), the management fee is calculated at an annual rate of 0.75% of average total assets, excluding cash and cash equivalents and including assets financed using leverage (“Average Total Assets”), at the end of the two most recently completed calendar quarters, and thereafter, the management fee will step up to 1.00% of Average Total Assets. For purposes of this calculation, cash and cash equivalents include any temporary investments in cash-equivalents, U.S. government securities and other high quality investment grade debt investments that mature in 12 months or less from the date of investment. Any management fees will be payable quarterly in arrears. Compensation of the Adviser - Incentive Fee Under the Advisory Agreement, the Adviser is waiving the incentive fee on income and incentive fee on capital gains for the first five quarters beginning with the calendar quarter in which the IPO was consummated (i.e., beginning with the calendar quarter ended March 31, 2024 through the calendar quarter ending March 31, 2025). Following the expiration of the fee waiver, the Company will pay an incentive fee to the Adviser that will consist of two parts. The incentive fees will be based on income and capital gains, each as described below. The portion of the incentive fee based on income will be calculated, subject to a cap (the “Incentive Fee Cap”), and payable quarterly in arrears based on pre-incentive fee net investment income in respect of the current calendar quarter and the eleven preceding calendar quarters (or, if fewer, the number of calendar quarters beginning with the calendar quarter in which the IPO was consummated) (such period, the “Trailing Twelve Quarters”) commencing from the beginning of the calendar quarter in which the IPO was consummated, as follows: • no incentive fee in any calendar quarter in which the aggregate pre-incentive fee net investment income (as defined below) in respect of the Trailing Twelve Quarters does not exceed the hurdle rate of 1.50% (6% annually) for such Trailing Twelve Quarters; • 100% of our aggregate pre-incentive fee net investment income in respect of the Trailing Twelve Quarters with respect to that portion of such pre-incentive fee net investment income, if any, that exceeds the hurdle rate but is less than 1.7647% in any calendar quarter following the consummation of the IPO. The Company refers to this portion of the pre-incentive fee net investment income as the “catch-up” provision. The catch-up is meant to provide the Adviser with 15% of the pre-incentive fee net investment income as if a hurdle rate did not apply if this net investment income exceeds 1.7647% multiplied by our NAV at the beginning of each applicable calendar quarter comprising of the relevant Trailing Twelve Quarters; and • 15% of the aggregate pre-incentive fee net investment income, if any, in respect of the Trailing Twelve Quarters that exceeds 1.7647%. Under the Advisory Agreement, the incentive fee on income for a particular quarter will be subject to the Incentive Fee Cap. The Incentive Fee Cap will be equal to the difference between (x) 15% of the Cumulative Pre-Incentive Fee Net Return (as defined below) over the Trailing Twelve Quarters and (y) the aggregate incentive fee on income that was paid to the Adviser by the Company in respect of the first eleven calendar quarters (or, if fewer, the number of calendar quarters beginning with the calendar quarter in which the IPO was consummated) included in the relevant Trailing Twelve Quarters. These calculations will be adjusted for any share issuances or repurchases during the applicable calendar quarter. “Cumulative Pre-Incentive Fee Net Return” during the relevant Trailing Twelve Quarters, beginning with the calendar quarter in which the IPO was consummated, means (x) the pre-incentive fee net investment income in respect of the relevant Trailing Twelve Quarters less (y) any Net Capital Loss (as defined below), if any, in respect of the relevant Trailing Twelve Quarters. If, in any quarter, the Incentive Fee Cap is zero or a negative value, the Company will pay no incentive fee on income to the Adviser in respect of that quarter. If, in any quarter, the Incentive Fee Cap for such quarter is a positive value but is less than the incentive fee on income that is payable to the Adviser for such quarter calculated as described above, the Company will pay an incentive fee on income to the Adviser equal to the Incentive Fee Cap in respect of such quarter. If, in any quarter, the Incentive Fee Cap for such quarter is equal to or greater than the incentive fee on income that is payable to the Adviser for such quarter calculated as described above, the Company will pay an incentive fee on income to the Adviser equal to the incentive fee calculated as described above for such quarter without regard to the Incentive Fee Cap. “Net Capital Loss” in respect of a particular period, beginning with the calendar quarter in which the IPO was consummated, means the difference, if positive, between (i) aggregate capital losses, whether realized or unrealized, in respect of such period and (ii) aggregate capital gains, whether realized or unrealized, in respect of such period. Pre-incentive fee net investment income means interest income, dividend income and any other income (including any other fees, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies but excluding fees for providing managerial assistance) accrued during the relevant calendar quarters, minus operating expenses for the relevant calendar quarters (including the management fee, any expenses payable under the Administration Agreement (as defined below), interest expense and dividends paid on any outstanding preferred shares, but excluding the incentive fee). Pre-incentive fee net investment income will include, in the case of investments with a deferred interest feature such as market discount, debt instruments with PIK interest, preferred shares with PIK dividends and zero-coupon securities, accrued income that the Company has not yet received in cash. The Adviser is not under any obligation to reimburse the Company for any part of the incentive fee it received that was based on accrued interest that the Company never received. Pre-incentive fee net investment income will not include any realized capital gains, realized capital losses or unrealized capital gains or losses. If any distributions from portfolio companies are characterized as a return of capital, such returns of capital would affect the capital gains incentive fee to the extent a gain or loss is realized. Under the Advisory Agreement, the second part of the incentive fee will be a capital gains incentive fee that will be determined and payable in arrears as of the end of each fiscal year (or upon termination of the Advisory Agreement, as of the termination date), and equals 15.0% of our realized capital gains as of the end of the fiscal year following the IPO. In no event will the capital gains incentive fee payable pursuant to the Advisory Agreement be in excess of the amount permitted by the Advisers Act, including Section 205 thereof. In determining the capital gains incentive fee payable to the Adviser, the Company will calculate the cumulative aggregate realized capital gains and cumulative aggregate realized capital losses beginning with the calendar quarter in which the IPO was consummated, and the aggregate unrealized capital depreciation as of the date of the calculation, as applicable, with respect to each of the investments in our portfolio. For this purpose, cumulative aggregate realized capital gains, if any, equals the sum of the differences between the net sales price of each investment, when sold, and the amortized cost of such investment. Cumulative aggregate realized capital losses equals the sum of the amounts by which the net sales price of each investment, when sold, is less than the amortized cost of such investment beginning with the calendar quarter in which this offering is consummated. Aggregate unrealized capital depreciation equals the sum of the difference, if negative, between the valuation of each investment as of the applicable calculation date and the amortized cost of such investment. At the end of the applicable year, the amount of capital gains that will serve as the basis for the calculation of the capital gains incentive fee equals the cumulative aggregate realized capital gains less cumulative aggregate realized capital losses, less aggregate unrealized capital depreciation, with respect to our portfolio of investments. For the years ended December 31, 2024, 2023, and 2022 base management fees were $14,683, $10,509, and $7,464 respectively. As of December 31, 2024 and December 31, 2023, $3,956 and $3,006, respectively, of such base management fees, were unpaid and are included in management fees payable in the accompanying consolidated statements of assets and liabilities. For the year ended December 31, 2024, income based incentive fees of $17,447 were waived in accordance with the terms of the Advisory Agreement. For the years ended December 31, 2023 and 2022 the Adviser was not entitled to any incentive fees under the Advisory Agreement. Administration Agreement On December 31, 2019, the Company entered into an administration agreement (the "Administration Agreement"), which was approved by the Board. Pursuant to the Administration Agreement, the Administrator furnishes the Company with office facilities and equipment and provides clerical, bookkeeping and record keeping and other administrative services at such facilities. The Administrator performs, or oversees the performance of, the required administrative services, which include, among other things, assisting the Company with the preparation of the financial records that the Company is required to maintain and with the preparation of reports to shareholders and reports filed with the SEC. At the request of the Adviser or Churchill, the Administrator also may provide significant managerial assistance on the Company’s behalf to those portfolio companies that have accepted the Company’s offer to provide such assistance. U.S. Bank Trust Company, National Association (as successor in interest to U.S. Bank National Association), provides the Company with certain fund administration and bookkeeping services pursuant to a sub-administration agreement with the Administrator. For the years ended December 31, 2024, 2023, and 2022 the Company incurred $1,861, $1,598, and $1,111 respectively, in fees under the Administration Agreement, which are included in administration fees in the accompanying consolidated statements of operations. As of December 31, 2024 and December 31, 2023, fees of $981 and $505, respectively, were unpaid and included in accounts payable and accrued expenses in the accompanying consolidated statements of assets and liabilities. Expense Support Agreement On December 31, 2019, the Company entered into an expense support and conditional reimbursement agreement (the “Expense Support Agreement”) with the Adviser. The Expense Support Agreement automatically terminated pursuant to its terms upon the consummation of the IPO on January 29, 2024. Under the Expense Support Agreement, the Adviser was able to pay certain expenses of the Company, provided that no portion of the payment was used to pay any interest expense of the Company (each, an “Expense Payment”). Such Expense Payment was made in any combination of cash or other immediately available funds no later than forty-five days after a written commitment from the Adviser to pay such expense, and/or by an offset against amounts due from the Company to the Adviser or its affiliates. The cumulative amount of expense payments by the Adviser under the Expense Support Agreement was $2,979, of which $1,101 was reimbursed by the Company prior to the termination of the Expense Support Agreement. Directors' Fees The Board consists of seven members, five of whom are Independent Directors. The Board established an Audit Committee, a Nominating and Corporate Governance Committee, a Compensation Committee, and a Co-Investment Committee, each consisting solely of the Independent Directors, and may establish additional committees in the future. For the years ended December 31, 2024, 2023, and 2022, the Company incurred $510, $383, and $383 respectively, in fees which are included in Directors’ fees in the accompanying consolidated statements of operations. As of December 31, 2024 and December 31, 2023, $128 and $96, respectively, were unpaid and are included in Directors’ fees payable in the accompanying consolidated statements of assets and liabilities. Other Related Party Transactions From time to time, Churchill, in its capacity as sub-adviser, and the Administrator may pay amounts owed by the Company to third-party providers of goods or services and the Company will subsequently reimburse Churchill and Administrator for such amounts paid on its behalf. Amounts payable to Churchill and the Administrator are settled in the normal course of business without formal payment terms. As of December 31, 2024 and December 31, 2023, the Company owed Churchill and the Administrator $1,320 and $353, respectively, for reimbursements including the Company's allocable portion of overhead, which are included in accounts payable and accrued expenses in the accompanying consolidated statements of assets and liabilities.

SECURED BORROWINGS

SECURED BORROWINGS	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
SECURED BORROWINGS	SECURED BORROWINGS The Company, CLO-I, CLO-II, CLO-III and SPV V are party to credit facilities or debt obligations as described below. In accordance with the 1940 Act, the Company is currently only allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is maintained at a level of at least 150% after such borrowings. As of December 31, 2024 and December 31, 2023, asset coverage was 187.03% and 178.57%, respectively. Proceeds of the credit facilities or debt obligations are used for general corporate purposes, including the funding of portfolio investments. The Company and its wholly owned subsidiaries were in compliance with all covenants and other requirements of their respective agreements. Subscription Facility On September 10, 2020, the Company entered into a revolving credit agreement (the “Subscription Facility Agreement” and the facility thereunder, the “Subscription Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”), as the administrative agent for certain secured parties, the syndication agent, the lead arranger, the book manager, the letter of credit issuer and the lender. The Subscription Facility had a maximum commitment of $50,000, subject to availability under the "Borrowing Base." The Borrowing Base was calculated based on the unfunded capital commitments of certain investors that had subscribed to purchase shares of the Company, to the extent the capital commitments of such investors also had been approved by SMBC for inclusion in the Borrowing base and met certain additional criteria. The Subscription Facility Agreement expired on September 8, 2023, and the Company fully paid down the outstanding balance including the accrued interest expense. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Subscription Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ — $ 611 $ 769 Unused fees — 64 72 Amortization of deferred financing costs — 115 150 Total interest and debt financing expenses $ — $ 790 $ 991 Wells Fargo Financing Facility On December 31, 2019, a wholly owned subsidiary of the Company entered into a credit agreement ("the “Wells Fargo Financing Facility” and the agreement relating thereto, as amended from time to time, the “Wells Fargo Financing Facility Agreement”), with Wells Fargo Bank, N.A. as lender (“Wells Fargo”) and administrative agent. The Wells Fargo Financing Facility Agreement was amended on October 28, 2020, March 31, 2022, March 14, 2024 and August 27, 2024. The most recent amendment on August 27, 2024, among other things, increased the maximum facility amount available from $150,000 to $225,000. The Wells Fargo Financing Facility reinvestment period expires on March 31, 2025 and has a maturity date of March 31, 2027. The Wells Fargo Financing Facility Agreement also requires the Company to maintain an asset coverage ratio equal to at least 1.50:1.00. Advances under the Wells Fargo Financing Facility may be prepaid and reborrowed at any time during the reinvestment period, but any termination or reduction of the facility amount prior to the first anniversary of the date of the amendment (subject to certain exceptions) is subject to a commitment reduction fee of 1%. Under the Wells Fargo Financing Facility Agreement, the Company paid a fee on daily undrawn amounts under the Wells Fargo Financing Facility of 0.25% per annum during the period ended June 14, 2024. For the six months following June 14, 2024, the Company paid a fee on daily undrawn amounts under the Wells Fargo Facility of 0.50% per annum, and, thereafter, pays 0.50% per annum on undrawn amounts of up to 40% of the maximum facility amount and 1.50% per annum on undrawn amounts in excess of 40% of the maximum facility amount. As of December 31, 2024 and December 31, 2023, the Wells Fargo Financing Facility bore interest at a rate of SOFR, reset daily, plus 2.20%, per annum. On March 14, 2024, SPV V entered into the borrower joinder agreement to become party to the Wells Fargo Financing Facility Agreement and pledged all of its assets to the collateral agent to secure their obligations under the Wells Fargo Financing Facility. The Company and SPV V have made customary representations and warranties and are required to comply with various financial covenants related to liquidity and other maintenance covenants, reporting requirements and other customary requirements for similar facilities. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Wells Fargo Financing Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 7,285 $ 12,120 $ 4,653 Unused fees 457 567 464 Amortization of deferred financing costs 1,024 482 286 Total interest and debt financing expenses $ 8,766 $ 13,169 $ 5,403 The Wells Fargo Financing Facility was terminated subsequent to fiscal year ended December 31, 2024. See " Note 12 . Subsequent Events" for more information. SMBC Financing Facility On November 24, 2020, a wholly owned subsidiary of the Company entered into a senior secured revolving credit facility (the “SMBC Financing Facility” and the agreement relating thereto the “SMBC Financing Facility Agreement”) with SMBC, as the administrative agent, the collateral agent and the lender. On October 19, 2023, SPV IV entered into the borrower joinder agreement (the “SMBC Joinder”) to become party to the SMBC Financing Facility Agreement. The SMBC Financing Facility Agreement was amended on December 23, 2021, June 29, 2022 and November 21, 2023. The SMBC Financing Facility Agreement was most recently amended on November 21, 2023 (the "SMBC Financing Facility Amendment"), among other things, to: (i) extend (A) the reinvestment period from November 24, 2023 to November 24, 2024 and (B) the stated maturity date from November 24, 2025 to November 24, 2026; (ii) change the interest rate for loans under the SMBC Financing Facility Agreement from (A) either the Base Rate (as defined in the SMBC Financing Facility Agreement) plus 1.15% or the Term SOFR (as defined in the SMBC Financing Facility Agreement) plus 2.15% to (B) either the Base Rate plus 1.65% or Term SOFR plus 2.65%; (iii) reduced the maximum facility amount from $300,000 to $150,000 upon the occurrence of a permitted securitization, subject to a subsequent increase to $250,000, in the sole discretion of the administrative agent, if so requested by the borrowers; and (iv) provide for an unused commitment fee of, from the three month anniversary of the SMBC Financing Facility Amendment date to the six-month anniversary of the SMBC Financing Facility Amendment date, 0.50% per annum on the unused commitments and on or after the six month anniversary of the SMBC Financing Facility Amendment date, 0.50% per annum on the unused commitments if such unused commitments are less than 50% of the total commitments and 1.00% per annum on the unused commitments if such unused commitments are greater than or equal to 50% of the total commitments. In connection with the SMBC Financing Facility Amendment, the borrowers paid an extension fee of $450 plus an annualized fee of 0.30% multiplied by $150,000 based on the length of time (in years) until the occurrence of a permitted securitization. Advances under the SMBC Financing Facility Agreement may be prepaid and reborrowed at any time during the reinvestment period. Effective December 7, 2023, following the closing of the 2023 Debt Securitization (discussed further below), the maximum facility amount available was reduced to $150,000 from $300,000 and SPV IV began borrowing under the SMBC Financing Facility. On November 5, 2024, the Company terminated in full the SMBC Financing Facility Agreement and the SMBC Financing Facility thereunder. In connection with the termination of the SMBC Financing Facility, the Company also terminated the security interest over the collateral granted to SMBC and the lenders pursuant to the SMBC Financing Facility Agreement. The SMBC Financing Facility was terminated concurrent with the satisfaction of all obligations and liabilities of the Company to the lenders thereunder, including, without limitation, payments of principal and interest, other fees, breakage costs and other amounts owing to the lenders. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the SMBC Financing Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 6,326 $ 17,745 $ 8,204 Unused fees 215 110 327 Amortization of deferred financing costs 1,287 768 495 Total interest and debt financing expenses $ 7,828 $ 18,623 $ 9,026 Revolving Credit Facility On June 23, 2023, the Company entered into a senior secured revolving credit agreement (the “Senior Secured Revolving Credit Agreement" and facility thereunder, the “Revolving Credit Facility”) with SMBC as the lender, administrative agent, and one of the lead arrangers along with Wells Fargo. The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain subsidiaries of the Company that are formed or acquired by the Company in the future (collectively, the “Guarantors”). The Revolving Credit Facility was amended on April 9, 2024 and October 4, 2024. The most recent amendment on October 4, 2024 ("the Revolving Credit Facility Amendment"), among other things, (i) extended the Commitment Termination Date and Final Maturity Date (each as defined below); (ii) added a term loan tranche: (iii) increased the total committed facility amount from $250,000 to $325,000 and (iv) reduced (a) the applicable margin with respect to SONIA borrowings, from 2.125% to 2.00% and (b) the credit spread adjustment from 0.15% to 0.10% for Term SOFR borrowings with a three-month tenor and from 0.25% to 0.10% for Term SOFR borrowings with a six-month tenor and (c) the applicable margin with respect to all other permitted borrowing rates, from 1.125% to 1.000%. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each guarantor, subject to certain exceptions, and includes a $25,000 limit for swingline loans. The availability period under the Revolving Credit Facility will terminate on October 4, 2028 (the “Commitment Termination Date”) and will mature on October 4, 2029 (the “Final Maturity Date”). During the period from the Commitment Termination Date to the Final Maturity Date, the Company will be obligated to make mandatory prepayments out of the proceeds of certain asset sales and other recovery events and equity and debt issuances. The Company may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn in U.S. dollars will bear interest at either term SOFR plus a margin, or the prime rate plus a margin. The Company may elect either the term SOFR or prime rate at the time of drawdown, and loans denominated in U.S. dollars may be converted from one rate to another at any time at the Company’s option, subject to certain conditions. Amounts drawn in other permitted currencies will bear interest at the relevant rate specified therein plus an applicable margin. The Company also will pay a fee of 0.375% per annum on average daily undrawn amounts. As of December 31, 2024, the Revolving Credit Facility bore interest at one-month SOFR plus 2.00% per annum. As of December 31, 2023, the Revolving Credit Facility bore interest at one-month SOFR plus 2.25% per annum. The Senior Secured Revolving Credit Agreement includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events and certain financial covenants related to asset coverage and minimum shareholders’ equity, as well as customary events of default. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Revolving Credit Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 7,559 $ 2,783 $ — Unused fees 466 269 — Amortization of deferred financing costs 487 220 — Total interest and debt financing expenses $ 8,512 $ 3,272 $ — CLO-I On May 20, 2022 (the “Closing Date”), the Company completed a $448,325 term debt securitization (the “2022 Debt Securitization”). Term debt securitization is also known as a collateralized loan obligation and is a form of secured financing incurred by the Company. The notes offered in the 2022 Debt Securitization (the “2022 Notes”) were issued by CLO-I, an indirect, wholly owned, consolidated subsidiary of the Company. The 2022 Notes consist of $199,000 of AAA Class A-1 2022 Notes, which bear interest at the three-month Term SOFR plus 1.80%; $34,250 of AAA Class A-1F 2022 Notes, which bear interest at 4.42%; $47,250 of AA Class B 2022 Notes, which bear interest at the three-month Term SOFR plus 2.30%; $31,500 of A Class C 2022 Notes, which bear interest at the three-month Term SOFR plus 3.15%; $27,000 of BBB Class D 2022 Notes, which bear interest at the three-month Term SOFR plus 4.15%; and $79,325 of Subordinated 2022 Notes, which do not bear interest. The Company directly owns all of the BBB Class D 2022 Notes and the Subordinated 2022 Notes and, as such, these notes are eliminated in consolidation. As part of the 2022 Debt Securitization, CLO-I also entered into a loan agreement (the “CLO-I Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-I Loan Agreement as lenders (the “Lenders”) committed to make $30,000 of AAA Class A-L 2022 Loans to CLO-I (the “2022 Loans” and, together with the 2022 Notes, the “2022 Debt”). The 2022 Loans bear interest at the three-month Term SOFR plus 1.80% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all of the Class A-L 2022 Loans held by such Lenders into Class A-1 2022 Notes upon written notice to CLO-I in accordance with the CLO-I Loan Agreement. The 2022 Debt is backed by a diversified portfolio of senior secured and second lien loans. Through April 20, 2026, all principal collections received on the underlying collateral may be used by CLO-I to purchase new collateral under the direction of the Company, in its capacity as collateral manager of CLO-I and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2022 Debt Securitization. The 2022 Notes are due on April 20, 2034. The 2022 Loans are scheduled to mature, and, unless earlier repaid, the entire unpaid principal balance thereof is due and payable on April 20, 2034. The 2022 Debt is the secured obligation of CLO-I, and the indenture and the CLO-I Loan Agreement, as applicable, governing the 2022 Debt includes customary covenants and events of default. The 2022 Debt has not been, and will not be, registered under the Securities Act, or any state “blue sky” laws. The Company serves as collateral manager to CLO-I under a collateral management agreement (the “Collateral Management Agreement”) and has waived the management fee due to it in consideration for providing these services. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-I were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 23,969 $ 23,572 $ 9,798 Unused fees — — — Amortization of deferred financing costs 603 601 477 Total interest and debt financing expenses $ 24,572 $ 24,173 $ 10,275 CLO-II On December 7, 2023 (the “Closing Date”), the Company completed a $298,060 term debt securitization (the “2023 Debt Securitization”). The notes offered in the 2023 Debt Securitization (the “2023 Notes”) were issued by CLO-II, an indirect, wholly owned, consolidated subsidiary of the Company. The 2023 Notes consist of $2,000 of AAA Class X 2023 Notes, which bear interest at the three-month Term SOFR plus 2.00%, $100,500 of AAA Class A-1 2023 Notes, which bear interest at the three-month Term SOFR plus 2.35%; $37,500 of AA Class B 2023 Notes, which bear interest at three-month Term SOFR plus 3.20% and approximately $83,060 of Subordinated 2023 Notes, which do not bear interest. The Company directly owns all of the Subordinated 2023 Notes and as such, these notes are eliminated in consolidation. As part of the 2023 Debt Securitization, CLO-II also entered into a loan agreement (the “CLO-II Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-II Loan Agreement as lenders (the “Lenders”) committed to make $25,000 of AAA Class A-L-A 2023 Loans and $50,000 AAA Class A-L-B 2023 Loans to CLO-II (the “2023 Loans” and, together with the 2023 Notes, the “2023 Debt”). The 2023 Loans bear interest at the three-month Term SOFR plus 2.35% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all or a portion of the Class A-L-A 2023 Loans held by such Lenders into Class A-1 2023 Notes upon written notice to CLO-II in accordance with the CLO-II Loan Agreement. The 2023 Debt is backed by a diversified portfolio of senior secured and second lien loans. Through January 20, 2028, all principal collections received on the underlying collateral may be used by CLO-II to purchase new collateral under the direction of the Company, in its capacity as collateral manager of CLO-II and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2023 Debt Securitization. The 2023 Notes are due on January 20, 2036. The 2023 Loans are scheduled to mature, and, unless earlier repaid, the entire unpaid principal balance thereof is due and payable on January 20, 2036. The 2023 Debt is the secured obligation of CLO-II, and the indenture and the CLO-II Loan Agreement, as applicable, governing the 2023 Debt includes customary covenants and events of default. The 2023 Debt has not been, and will not be, registered under the Securities Act, or any state “blue sky” laws. The Company serves as collateral manager to CLO-II under a collateral management agreement (the “Collateral Management Agreement”) and has waived the management fee due to it in consideration for providing these services. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-II were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 16,789 $ 1,149 $ — Unused fees — — — Amortization of deferred financing costs 444 30 — Total interest and debt financing expenses $ 17,233 $ 1,179 $ — CLO-III On March 14, 2024 (the “Closing Date”), the Company completed a $296,970 term debt securitization (the “2024 Debt Securitization”). The notes offered in the 2024 Debt Securitization (the “2024 Notes” or “2024 Debt”) were issued by Churchill NCDLC CLO-III, LLC (formerly known as Nuveen Churchill BDC SPV III, LLC) (the “2024 Issuer”), a direct, wholly owned, consolidated subsidiary of the Company, pursuant to an indenture (the “Indenture”) dated as of the Closing Date. The 2024 Notes consist of $2,000 of AAA Class X 2024 Notes, which bear interest at the three-month Term SOFR plus 1.40%; $175,500 of AAA Class A 2024 Notes, which bear interest at the three-month Term SOFR plus 2.00%; $37,500 of AA Class B 2024 Notes, which bear interest at the three-month Term SOFR plus 2.65%; and $81,970 of Subordinated 2024 Notes, which do not bear interest. The Company directly retained all of the Subordinated 2024 Notes and as such, these notes are eliminated in consolidation. The 2024 Notes are backed by a diversified portfolio of senior secured and second lien loans. The Indenture contains certain conditions pursuant to which loans can be acquired by the 2024 Issuer, in accordance with rating agency criteria or as otherwise agreed with certain institutional investors who purchased the 2024 Notes. Through April 20, 2028, all principal collections received on the underlying collateral may be used by the 2024 Issuer to purchase new collateral under the direction of the Company, in its capacity as collateral manager of the 2024 Issuer and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2024 Debt Securitization. The 2024 Notes are due on April 20, 2036. The 2024 Notes are the secured obligation of the 2024 Issuer, and the Indenture governing the 2024 Notes includes customary covenants and events of default. The 2024 Notes have not been, and will not be, registered under the Securities Act or any state “blue sky” laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or applicable exemption from registration. The Company serves as collateral manager to the 2024 Issuer under a collateral management agreement (the “Collateral Management Agreement”) and has waived any management fee due to it in consideration for providing these services. For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-III were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 12,647 $ — $ — Unused fees — — — Amortization of deferred financing costs 321 — — Total interest and debt financing expenses $ 12,968 $ — $ — Summary of Secured Borrowings The Company's debt obligations consisted of the following as of December 31, 2024 and December 31, 2023: December 31, 2024 Wells Fargo Financing Facility CLO-I CLO-II CLO-III Revolving Credit Facility Total Total Commitment $ 225,000 $ 342,000 $ 214,429 $ 214,750 $ 325,000 $ 1,321,179 Amount Outstanding (1) 106,000 342,000 214,429 214,750 237,750 1,114,929 Unused Portion (2) 119,000 — — — 87,250 206,250 Amount Available (3) 119,000 — — — 87,250 206,250 _______________ (1) Amount outstanding on the consolidated statements of assets and liabilities is net of deferred financing costs. (2) The unused portion on the credit facilities is the amount upon which commitment fees are based. (3) Available for borrowing on the credit facilities based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. December 31, 2023 Wells Fargo Financing Facility SMBC Financing Facility CLO -I CLO-II Revolving Credit Facility Total Total Commitment $ 275,000 $ 150,000 $ 342,000 $ 215,000 $ 185,000 $ 1,167,000 Amount Outstanding (1) 231,000 37,377 342,000 215,000 126,500 951,877 Unused Portion (2) 44,000 112,623 — — 58,500 215,123 Amount Available (3) 43,837 112,623 — — 58,500 214,960 _______________ (1) Amount outstanding on the consolidated statements of assets and liabilities is net of deferred financing costs. (2) The unused portion on the credit facilities is the amount upon which commitment fees are based. (3) Available for borrowing on the credit facilities based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. For the years ended December 31, 2024, 2023, and 2022, the components of interest expense and debt financing expenses were as follows: For the Years Ended December 31, 2024 2023 2022 Interest expense $ 74,575 $ 57,980 $ 23,424 Unused fees 1,138 1,010 863 Amortization of deferred financing costs 4,166 2,216 1,408 Total interest and debt financing expenses $ 79,879 $ 61,206 $ 25,695 Average interest rate (1) 7.61 % 7.23 % 4.29 % Average daily borrowings $ 995,137 $ 816,221 $ 566,195 _______________ (1) Average interest rate includes borrowing interest expense and unused fees. Contractual Obligations The following tables show the contractual maturities of the Company's debt obligations as of December 31, 2024 and December 31, 2023: Payments Due by Period As of December 31, 2024 Total Less than 1 Year 1 to 3 years 3 to 5 years More than 5 Years Wells Fargo Financing Facility $ 106,000 $ — $ 106,000 $ — $ — Revolving Credit Facility 237,750 — — 237,750 — CLO-I 342,000 — — — 342,000 CLO-II 214,429 — — — 214,429 CLO-III 214,750 — — — 214,750 Total debt obligations $ 1,114,929 $ — $ 106,000 $ 237,750 $ 771,179 Payments Due by Period As of December 31, 2023 Total Less than 1 Year 1 to 3 years 3 to 5 years More than 5 Years Wells Fargo Financing Facility $ 231,000 $ — $ — $ 231,000 $ — SMBC Financing Facility 37,377 — 37,377 — — Revolving Credit Facility 126,500 — — 126,500 — CLO-I 342,000 — — — 342,000 CLO-II 215,000 — — — 215,000 Total debt obligations $ 951,877 $ — $ 37,377 $ 357,500 $ 557,000

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES In the ordinary course of its business, the Company enters into contracts or agreements that contain indemnifications or warranties. Future events could occur that might lead to the enforcement of these provisions against the Company. The Company believes that the likelihood of such an event is remote; however, the maximum potential exposure is unknown. No accrual has been made in the consolidated financial statements as of December 31, 2024 and December 31, 2023 for any such exposure. As of December 31, 2024 and December 31, 2023, the Company had the following unfunded investment commitments: Portfolio Company December 31, 2024 December 31, 2023 360 Holdco, Inc. (360 Training) - Delayed Draw Loan $ 3,093 $ — AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan 2,654 — ADPD Holdings LLC (NearU) - Delayed Draw Loan 2,136 3,291 AmerCareRoyal, LLC - Delayed Draw Loan 165 — Anne Arundel Dermatology Management, LLC - Delayed Draw Loan 366 366 Apex Service Partners, LLC - Delayed Draw Loan 110 — Apex Service Partners, LLC - Revolving Loan 18 — Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan 792 3,847 Ascend Partner Services LLC - Delayed Draw Loan 12,642 — ASTP Holdings CO-Investment LP (American Student Transportation Partners) 106 34 Athlete Buyer, LLC (Allstar Holdings) - Delayed Draw Loan — 7,373 Big Apple Advisory, LLC - Delayed Draw Loan 4,305 — Big Apple Advisory, LLC - Revolving Loan 1,740 — Bounteous, Inc. - Delayed Draw Loan — 4,467 Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan 2,760 — Businessolver.com, Inc. - Delayed Draw Loan 873 970 Calienger Acquisition, L.L.C. (Wpromote, LLC) - Delayed Draw Loan — 588 Cedar Services Group, LLC (Evergreen Services Group II) - Delayed Draw Loan — 4,488 Chroma Color Corporation - Delayed Draw Loan — 1,379 ClaimLogiq - Delayed Draw Loan — 3,225 Classic Collision - Delayed Draw Loan — 21,867 CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan 4,999 — CMP Ren Partners I-A LP (LMI Consulting, LLC) 15 15 Cobalt Service Partners, LLC - Delayed Draw Loan 3,012 — Coding Solutions Acquisition, Inc. - Delayed Draw Loan 1,872 — Coding Solutions Acquisition, Inc. - Revolving Loan 156 — Cohen Advisory, LLC - Delayed Draw Loan 4,825 — Covercraft Parent III, Inc. - Delayed Draw Loan — 4,386 CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan 2,615 — CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan 1,059 — Crete - Delayed Draw Loan — 1,443 Davidson Hotel Company LLC - Delayed Draw Loan 1,052 — DH United Holdings, LLC (D&H United Fueling Solutions) - Delayed Draw Loan 800 1,567 Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan 3,830 — DMC Holdco, LLC (DMC Power) - Delayed Draw Loan 1,671 1,671 Element 78 Partners, LLC (E78) - Delayed Draw Loan 15,639 2,570 Eliassen Group, LLC - Delayed Draw Loan — 1,903 Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) - Delayed Draw Loan — 652 ERA Industries, LLC (BTX Precision) - Delayed Draw Loan 153 — EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan 3,040 — Excel Fitness Holdings, Inc. - Delayed Draw Loan 1,897 — Eyesouth Eye Care Holdco LLC - Delayed Draw Loan — 885 FH DMI Buyer, Inc. - Delayed Draw Loan 1,104 — FirstCall Mechanical Group, LLC - Delayed Draw Loan 13,600 — FoodScience, LLC - Delayed Draw Loan 6,322 — Gannett Fleming, Inc. - Revolving Loan 2,131 — Portfolio Company December 31, 2024 December 31, 2023 GHR Healthcare, LLC - Delayed Draw Loan $ 2,594 $ — Health Management Associates, Inc. - Delayed Draw Loan 754 1,026 Heartland Paving Partners, LLC - Delayed Draw Loan 11,428 — Heartland Veterinary Partners LLC - Delayed Draw Loan 1,415 — High Bar Brands Operating, LLC - Delayed Draw Loan 596 596 HMN Acquirer Corp. - Delayed Draw Loan 2,426 — Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan — 7,203 Infobase Acquisition, Inc. - Delayed Draw Loan — 721 INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) - Delayed Draw Loan 1,979 1,979 Integrated Power Services Holdings, Inc. - Delayed Draw Loan 3,598 — ITSavvy - Delayed Draw Loan — 158 Java Buyer, Inc. (Sciens Building Solutions, LLC) - Delayed Draw Loan — 1,623 Kenco PPC Buyer LLC - Delayed Draw Loan 7,950 1,416 KENG Acquisition, Inc. (Engage PEO) - Delayed Draw Loan 6,214 8,113 KL Bronco Acquisition, Inc. (Elevation Labs) - Delayed Draw Loan 2,188 3,125 KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan — 1,607 Legacy Parent Holdings, LLC (Legacy Service Partners) - Delayed Draw Loan — 764 Liberty Buyer, Inc. (Liberty Group) - Delayed Draw Loan 449 449 Matador US Buyer, LLC (Insulation Technology Group) - Delayed Draw Loan 5,912 — MDC Intermediate Holdings II, LLC (Mosaic Dental) - Delayed Draw Loan — 553 MEI Buyer LLC - Delayed Draw Loan — 1,814 Mobile Communications America, Inc. - Delayed Draw Loan 4,826 5,970 National Power - Delayed Draw Loan — 3,051 National Renovations LLC (Repipe Specialists) - Delayed Draw Loan — 691 NFM & J, L.P. (The Facilities Group) - Delayed Draw Loan 4,465 5,028 NJEye LLC - Delayed Draw Loan — 489 North Haven Fairway Buyer, LLC (Fairway Lawns) - Delayed Draw Loan 1,639 419 North Haven Spartan US Holdco LLC - Delayed Draw Loan 3,260 — North Haven Terrapin IntermediateCo, LLC (Apex Companies) - Delayed Draw Loan — 1,115 Online Labels Group, LLC - Delayed Draw Loan 806 807 Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan 15,117 6,429 Ovation Holdings, Inc - Delayed Draw Loan 7,901 343 PAG Holding Corp. (Precision Aviation Group) - Delayed Draw Loan — 4,961 Palmetto Acquisitionco, Inc. (Tech24) - Delayed Draw Loan 1,715 3,655 Pinnacle Supply Partners, LLC - Delayed Draw Loan 2,242 3,636 Promptcare Infusion Buyer, Inc. - Delayed Draw Loan 1,437 — PT Intermediate Holdings III, LLC - Delayed Draw Loan 1,106 — R1 Holdings, LLC (RoadOne) - Delayed Draw Loan — 1,397 RA Parent Holdings LP (S&S Truck Parts) - Delayed Draw Loan — 246 Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan 2,636 3,750 Refresh Buyer, LLC (Sunny Sky Products) - Delayed Draw Loan 1,773 1,773 REP RO Coinvest IV-A, LP (RoadOne) 235 235 Rhino Intermediate Holding Company, LLC (Rhino Tool House) - Delayed Draw Loan — 921 Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan 236 — Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan 57 — Rose Paving, LLC - Delayed Draw Loan 191 — Royal Holdco Corporation (RMA Companies) - Delayed Draw Loan — 3,510 SI Solutions, LLC - Delayed Draw Loan 5,601 — Signia Aerospace, LLC - Delayed Draw Loan 122 — Smith & Howard Advisory LLC - Delayed Draw Loan 2,351 — Portfolio Company December 31, 2024 December 31, 2023 TBRS, Inc. - Delayed Draw Loan $ 2,209 $ — TBRS, Inc. - Revolving Loan 1,322 — Thermostat Purchaser III, Inc. - Delayed Draw Loan 2,787 — Tidi Legacy Products, Inc. - Delayed Draw Loan 4,085 4,085 Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan 422 1,797 Trilon Group, LLC - Delayed Draw Loan — 4,407 TSS Buyer, LLC (Technical Safety Services) - Delayed Draw Loan 1,437 2,429 US MetalCo Holdings LLC (MGM Transformer Company) - Delayed Draw Loan — 6,388 USA Water Intermediate Holdings, LLC - Delayed Draw Loan 2,703 — Vensure Employer Services, Inc. - Delayed Draw Loan 567 — Venture Buyer, LLC (Velosio) - Delayed Draw Loan 1,284 — Vessco Midco Holdings, LLC - Delayed Draw Loan 3,365 — Vessco Midco Holdings, LLC - Revolving Loan 1,726 — Victors CCC Buyer LLC (CrossCountry Consulting) - Delayed Draw Loan — 3,320 Watermill Express, LLC - Delayed Draw Loan 1,796 — Wellspring Pharmaceutical Corporation - Delayed Draw Loan 1,190 3,756 WSB Engineering Holdings Inc. - Delayed Draw Loan 566 4,357 YI, LLC (Young Innovations) - Delayed Draw Loan 3,448 3,448 Total unfunded commitments $ 235,678 $ 180,547 The Company seeks to carefully consider its unfunded investment commitments for the purpose of planning its ongoing liquidity. As of December 31, 2024, the Company had adequate financial resources to satisfy the unfunded investment commitments.

NET ASSETS

NET ASSETS	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
NET ASSETS	NET ASSETS The Company has the authority to issue 500,000,000 shares of common stock, par value $0.01 per share. IPO and Private Offerings On January 29, 2024, the Company closed its IPO, issuing 5,500,000 shares of its common stock at a public offering price of $18.05 per share. The Company received total cash proceeds of $99,275. The Company's common stock began trading on the NYSE under the symbol “NCDL” on January 25, 2024. Prior to April 28, 2023, in connection with the Private Offerings, the Company entered into subscription agreements (“Subscription Agreements”) with investors, pursuant to which investors were required to fund drawdowns to purchase the Company's shares of common stock up to the amount of their respective capital commitment each time the Company delivered a drawdown notice. Following the final drawdown notice dated December 21, 2023 and due on January 5, 2024, all capital commitments had been drawn. The following table summarizes total shares issued and proceeds received in connection with the IPO and the Company's capital drawdowns delivered pursuant to the Subscription Agreements from inception through December 31, 2024: Date Shares Issued Proceeds Received Issuance Price per Share January 29, 2024 5,500,000 $99,275 $18.05 January 5, 2024 7,888,094 $142,382 $18.05 November 3, 2023 5,497,609 $100,000 $18.19 July 17, 2023 4,357,515 $78,565 $18.03 April 20, 2023 2,205,038 $40,000 $18.14 December 21, 2022 3,193,195 $60,000 $18.79 August 1, 2022 2,652,775 $50,082 $18.88 April 25, 2022 1,800,426 $34,964 $19.42 January 21, 2022 1,541,568 $30,000 $19.46 December 9, 2021 1,491,676 $29,207 $19.58 November 1, 2021 1,546,427 $30,000 $19.40 August 23, 2021 2,593,357 $50,000 $19.28 July 26, 2021 1,564,928 $30,000 $19.17 June 22, 2021 1,034,668 $20,000 $19.33 April 23, 2021 1,845,984 $35,000 $18.96 March 11, 2021 785,751 $15,000 $19.09 November 6, 2020 1,870,660 $35,000 $18.71 October 16, 2020 1,057,641 $20,000 $18.91 August 6, 2020 1,105,425 $20,000 $18.09 May 7, 2020 1,069,522 $20,000 $18.70 December 31, 2019 3,310,540 $66,211 $20.00 December 19, 2019 50 $1 $20.00 Distributions The following table summarizes the Company's distributions declared from inception through December 31, 2024: Date Declared Record Date Payment Date Dividend per Share November 4, 2024 December 31, 2024 January 28, 2025 $0.45 July 31, 2024 September 30, 2024 October 28, 2024 $0.45 May 1, 2024 June 28, 2024 July 29, 2024 $0.45 January 10, 2024 February 12, 2025 April 28, 2025 $0.10 (3) January 10, 2024 November 11, 2024 January 28, 2025 $0.10 (3) January 10, 2024 August 12, 2024 October 28, 2024 $0.10 (3) January 10, 2024 May 13, 2024 July 29, 2024 $0.10 (3) January 10, 2024 March 30, 2024 April 29, 2024 $0.45 December 28, 2023 December 29, 2023 January 10, 2024 $0.50 December 28, 2023 December 29, 2023 January 10, 2024 $0.05 (2) September 28, 2023 September 28, 2023 October 12, 2023 $0.50 September 28, 2023 September 28, 2023 October 12, 2023 $0.05 (2) June 28, 2023 June 28, 2023 July 12, 2023 $0.50 June 28, 2023 June 28, 2023 July 12, 2023 $0.05 (2) March 30, 2023 March 30, 2023 April 12, 2023 $0.50 March 30, 2023 March 30, 2023 April 12, 2023 $0.26 (1) December 29, 2022 December 29, 2022 January 17, 2023 $0.50 September 28, 2022 September 28, 2022 October 11, 2022 $0.47 June 30, 2022 June 30, 2022 July 12, 2022 $0.43 March 30, 2022 March 31, 2022 April 12, 2022 $0.41 December 29, 2021 December 29, 2021 January 18, 2022 $0.40 September 29, 2021 September 29, 2021 October 11, 2021 $0.38 June 29, 2021 June 29, 2021 July 12, 2021 $0.31 March 29, 2021 March 29, 2021 April 19, 2021 $0.30 December 29, 2020 December 29, 2020 January 18, 2021 $0.28 November 4, 2020 November 4, 2020 November 11, 2020 $0.23 August 4, 2020 August 4, 2020 August 11, 2020 $0.28 April 16, 2020 April 16, 2020 April 21, 2020 $0.17 ________________ (1) Represents a special dividend and a supplemental dividend. (2) Represents a supplemental dividend. (3) Represents a special dividend. The distributions declared were derived from investment company taxable income and net capital gain, if any. The federal income tax characterization of distributions declared and paid for the fiscal year are determined at fiscal year-end based upon the Company’s investment company taxable income for the full fiscal year and distributions paid during the full year. Refer to Note 11 , Income Tax for further information. The following table reflects the shares issued pursuant to the dividend reinvestment from inception through December 31, 2024: Date Declared Record Date Payment Date Shares Issued (1) July 31, 2024 September 30, 2024 October 28, 2024 103,743 January 10, 2024 August 12, 2024 October 28, 2024 22,959 May 1, 2024 June 28, 2024 July 29, 2024 168,527 January 10, 2024 May 13, 2024 July 29, 2024 37,333 January 10, 2024 March 30, 2024 April 29, 2024 189,256 December 28, 2023 December 29, 2023 January 10, 2024 185,541 September 28, 2023 September 28, 2023 October 12, 2023 158,545 June 28, 2023 June 28, 2023 July 12, 2023 128,818 March 30, 2023 March 30, 2023 April 12, 2023 150,703 December 29, 2022 December 29, 2022 January 17, 2023 93,329 September 28, 2022 September 28, 2022 October 11, 2022 68,093 June 30, 2022 June 30, 2022 July 12, 2022 45,341 March 30, 2022 March 31, 2022 April 12, 2022 32,320 December 29, 2021 December 29, 2021 January 18, 2022 23,017 September 29, 2021 September 29, 2021 October 11, 2021 10,639 June 29, 2021 June 29, 2021 July 12, 2021 3,039 March 29, 2021 March 29, 2021 April 19, 2021 1,824 December 29, 2020 December 29, 2020 January 18, 2021 1,550 November 4, 2020 November 4, 2020 November 11, 2020 98 August 4, 2020 August 4, 2020 August 11, 2020 34 ________________ (1) All shares issued to shareholders are newly issued shares. Share Repurchase Plan On March 5, 2024, the Company entered into a share repurchase plan (the “Company 10b5-1 Plan”), pursuant to which the Company may purchase up to $99,275 in the aggregate of its outstanding shares of common stock in the open market at prices below its NAV per share over a specified period. Any purchase of the shares pursuant to the Company 10b5-1 Plan are conducted in accordance with the guidelines and conditions of Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The Company adopted the Company 10b5-1 Plan because it believes that, if its common stock is trading below its then-current NAV per share, it will be in the best interest of its stockholders for the Company to reinvest in its portfolio. The Company 10b5-1 Plan is designed to allow the Company to repurchase its shares of common stock at times when the Company otherwise might be prevented from doing so under insider trading laws. The Company 10b5-1 Plan requires BofA Securities, Inc., as agent, to repurchase shares of common stock on the Company's behalf when the market price per share is below the most recently reported NAV per share (including any updates, corrections or adjustments publicly announced by the Company to any previously announced NAV per share). Under the Company 10b5-1 Plan, the agent will increase the volume of purchases made as the price of the shares of the Company's common stock declines, subject to volume restrictions. The timing and amount of any share repurchases will depend on the terms and conditions of the Company 10b5-1 Plan, the market price of the shares of the Company's common stock and trading volumes, and no assurance can be given that any particular amount of shares of the common stock will be repurchased. The Company 10b5-1 Plan became effective on March 29, 2024 and commenced on April 1, 2024. The 10b5-1 Plan will terminate upon the earliest to occur of (i) 12-months from the effective date (tolled for periods during which the Company 10b5-1 Plan is suspended), (ii) the end of the trading day on which the aggregate purchase price for all shares of common stock purchased under the Company 10b5-1 Plan equals $99,275 and (iii) the occurrence of certain other events described in the Company 10b5-1 Plan. The following table reflects the shares repurchased pursuant to the Company 10b5-1 Plan for each month from inception through December 31, 2024 (dollar amounts in thousands, except per share data): Period Total Number of Shares Repurchased Average Price Paid per Share Approximate Dollar Value of Shares that have been Purchased Under the Plan Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan April 1, 2024 - April 30, 2024 104,075 $ 17.57 $ 1,828 $ 97,447 May 1, 2024 - May 31, 2024 96,598 $ 17.56 1,696 95,751 June 1, 2024 - June 30, 2024 91,637 $ 17.73 1,625 94,126 July 1, 2024 - July 31, 2024 75,675 $ 17.61 1,333 92,793 August 1, 2024 - August 31, 2024 154,668 $ 17.24 2,666 90,127 September 1, 2024 - September 30, 2024 109,646 $ 17.69 1,940 88,187 October 1, 2024 - October 31, 2024 155,122 $ 17.27 2,680 85,508 November 1, 2024 - November 30, 2024 375,949 $ 17.06 6,412 79,095 December 1, 2024 - December 31, 2024 780,004 $ 17.11 13,349 65,746 Total 1,943,374 $ 33,529

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE The following table presents the computation of basic and diluted earnings per common share for the following periods ($ in thousands, except per share amounts) : For the Year Ended December 31, 2024 2023 2022 Net increase (decrease) in net assets resulting from operations $ 116,323 $ 75,938 $ 17,286 Weighted average common shares outstanding - basic and diluted 54,118,379 33,385,880 23,279,341 Net increase (decrease) in net assets resulting from operations per share - basic and diluted $ 2.15 $ 2.27 $ 0.74

CONSOLIDATED FINANCIAL HIGHLIGH

CONSOLIDATED FINANCIAL HIGHLIGHTS AND SENIOR SECURITIES	12 Months Ended
	Dec. 31, 2024
Investment Company [Abstract]
CONSOLIDATED FINANCIAL HIGHLIGHTS AND SENIOR SECURITIES	CONSOLIDATED FINANCIAL HIGHLIGHTS AND SENIOR SECURITIES The following is a schedule of financial highlights for the years ended December 31, 2024, 2023, 2022, 2021, and 2020: For the Year Ended December 31, 2024 2023 2022 2021 2020 Per share data: Net asset value, beginning of period $ 18.13 $ 18.32 $ 19.39 $ 18.74 $ 20.00 Net investment income (1) 2.26 2.52 1.95 1.58 1.05 Net realized gain (loss) (1) (0.24) (0.24) (0.01) 0.06 0.08 Total net change in unrealized gain (loss) (1) 0.13 (0.01) (1.20) 0.48 (0.70) Net increase (decrease) in net assets resulting from operations (1) 2.15 2.27 0.74 2.12 0.43 Shareholder distributions (2) (2.10) (2.41) (1.81) (1.39) (0.68) Other (3) — (0.05) — (0.08) (1.01) Net asset value, end of period $ 18.18 $ 18.13 $ 18.32 $ 19.39 $ 18.74 Net assets, end of period $ 970,320 $ 747,885 $ 524,957 $ 374,051 $ 157,641 Shares outstanding, end of period 53,387,277 41,242,105 28,650,548 19,293,813 8,413,970 Per share market value, end of period $ 16.78 N/A N/A N/A N/A Total return based on NAV (4) 13.02 % 12.83 % 3.83 % 11.22 % (2.88) % Total return based on market value (5) 4.77 % N/A N/A N/A N/A Ratio/Supplemental data: Ratio of net expenses to average net assets before expense support and waived fees (6) (7) 12.69 % 13.04 % 8.45 % 6.63 % 9.05 % Ratio of net expenses to average net assets after expense support and waived fees (6) (7) 10.83 % 13.01 % 8.41 % 6.42 % 8.60 % Ratio of net investment income to average net assets (6) 13.04 % 14.06 % 10.34 % 8.11 % 5.55 % Portfolio turnover rate (8) 22.50 % 10.56 % 5.04 % 33.87 % 24.53 % Total committed capital, end of period N/A $ 906,408 $ 905,178 $ 567,526 $ 352,555 Ratio of total contributed capital to total committed capital, end of period N/A 84.29 % 60.26 % 65.27 % 45.73 % Asset coverage ratio (9) 187.03 % 178.57 % 174.41 % 191.22 % 182.03 % ________________ (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions recorded during the period. (3) Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (4) Total return is calculated as the change in NAV per share during the period, plus distributions per share, if any, reinvested in accordance with the Company’s dividend reinvestment plan effective during each relevant period divided by the beginning NAV per share. (5) Total return based on market value is calculated as the change in market value per share during the respective periods, taking into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. The beginning market value per share is based on the initial public offering price of $18.05 per share and is not annualized. (6) The ratio of total expenses to average net assets before expense support and waived fees was 12.69%, 13.04%, 8.45%, 6.63%, and 9.05% for the years ended December 31, 2024, 2023, 2022, 2021, and 2020 respectively, excluding the effect of expense support and waived fees which represented (1.86)%, (0.03)%, (0.04)%, (0.21)%, and (0.45)% of average net assets, respectively. The Expense Support Agreement terminated upon consummation of the IPO on January 29, 2024. Average net assets is calculated utilizing quarterly net assets. (7) The ratio of interest and debt financing expenses to average net assets for the years ended December 31, 2024, 2023, 2022, 2021, and 2020 was 8.51%, 10.25%, 5.84% , 3.93% and 4.77% , respectively. Average net assets is calculated utilizing quarterly net assets. (8) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. (9) Asset coverage ratio is equal to (i) the sum of (a) net assets at the end of the period and (b) debt outstanding at the end of the period, divided by (ii) total debt outstanding at the end of the period. The following is information about the Company’s senior securities for the years ended December 31, 2024, 2023, 2022, 2021, 2020, and 2019 ($ in thousands, except per share amounts): Class and Period Total Amount Outstanding Exclusive of Treasury Securities (1) Asset Coverage Per Unit (2) Involuntary Liquidating Preference Per Unit (3) Average Market Value Per Unit (4) Subscription Facility (5) December 31, 2022 $ — 1,744 — N/A December 31, 2021 34,000 1,912 — N/A December 31, 2020 17,500 1,820 — N/A Wells Fargo Financing Facility December 31, 2024 $ 106,000 1,870 — N/A December 31, 2023 231,000 1,786 — N/A December 31, 2022 111,300 1,744 — N/A December 31, 2021 231,600 1,912 — N/A December 31, 2020 146,135 1,820 — N/A December 31, 2019 118,435 1,552 — N/A SMBC Financing Facility (6) December 31, 2023 $ 37,377 1,786 — N/A December 31, 2022 252,147 1,744 — N/A December 31, 2021 144,447 1,912 — N/A December 31, 2020 28,547 1,820 — N/A CLO-I December 31, 2024 $ 342,000 1,870 — N/A December 31, 2023 342,000 1,786 — N/A December 31, 2022 342,000 1,744 — N/A CLO-II December 31, 2024 $ 214,429 1,870 — N/A December 31, 2023 215,000 1,786 — N/A CLO-III December 31, 2024 $ 214,750 1,870 — N/A Revolving Credit Facility December 31, 2024 $ 237,750 1,870 — N/A December 31, 2023 126,500 1,786 — N/A ______________ (1) Total amount of each class of senior securities outstanding at the end of the period presented. (2) Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis. (3) The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities. (4) Not applicable because the senior securities are not registered for public trading. (5) The Subscription Facility expired on September 8, 2023. (6)

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAX	INCOME TAX The Company elected to be treated for U.S. federal income tax purposes as a RIC under Subchapter M of the Code beginning with its taxable year ending December 31, 2019 and intends to continue to qualify annually as a RIC. As a result, the Company must timely distribute substantially all of its net taxable income each tax year as dividends to its shareholders. Accordingly, no provision for federal income tax has been made in the consolidated financial statements. The Company will file income tax returns in U.S. federal and applicable state and local jurisdictions. The Company’s federal income tax return is generally subject to examination for a period of three fiscal years after being filed. State and local tax returns may be subject to examination for an additional period of time depending on the jurisdiction. Management has analyzed the Company’s tax positions taken for the open tax year and has concluded that no provision for income tax is required in the Company’s consolidated financial statements. Taxable income generally differs from net increase (decrease) in net assets resulting from operations for financial reporting purposes due to the timing of temporary and permanent differences in the recognition of gains and losses on investment transactions. Temporary differences do not require reclassification. For the years ended December 31, 2024 and 2023, permanent differences that resulted in reclassifications among the components of net assets resulting from operations relate primarily to paydowns, amendment fees, excise taxes, investments in partnerships, and distribution reallocations. Temporary and permanent differences have no impact on the Company’s net assets. For the years ended December 31, 2024 and 2023, the Company's cost of investments for federal income tax purposes and gross unrealized appreciation and depreciation on investments were as follows: December 31, 2024 December 31, 2023 Tax cost of investments $ 2,106,490 $ 1,665,824 Gross unrealized appreciation on investments 18,503 13,351 Gross unrealized (depreciation) on investments (43,614) (37,834) Net unrealized appreciation (depreciation) on investments $ (25,111) $ (24,483) As of December 31, 2024 and 2023, the components of accumulated earnings (losses) on a tax basis were as follows: December 31, 2024 December 31, 2023 Undistributed ordinary income, net $ 14,923 $ 2,375 Undistributed long-term income, net — — Total undistributed earnings $ 14,923 $ 2,375 Capital loss carryforward (9,910) (6,679) Unrealized appreciation (depreciation), net (25,111) (25,286) Other book-to-tax differences (6,402) 344 Total accumulated earnings (losses), net $ (26,500) $ (29,246) Capital losses in excess of capital gains earned in a tax year generally may be carried forward and used to offset capital gains, subject to certain limitations. Under the Regulated Investment Company Modernization Act of 2010, capital losses incurred after September 30, 2011 will not be subject to expiration. As of December 31, 2024, the Company had $9,910 of capital loss carryforward available for use in future tax years. For income tax purposes, dividends paid and distributions made to the Company's shareholders are reported by the Company to the shareholders as ordinary income, capital gains, or a combination thereof. The tax character of the distributions paid for the years ended December 31, 2024 and 2023, was as follows: December 31, 2024 December 31, 2023 Distributions paid from: Ordinary income $ 112,712 $ 81,206 Net long-term capital gains 1,566 — Total taxable distributions $ 114,278 $ 81,206 The Company is subject to a 4.0% nondeductible federal excise tax on certain undistributed income unless the Company distributes, in a timely manner as required by the Code, an amount at least equal to the sum of (1) 98.0% of its respective net ordinary income earned for the calendar year and (2) 98.2% of its respective capital gain net income for the one-year period ending October 31 in the calendar year. For the years ended December 31, 2024 and 2023, the Company incurred $551 and $6, respectively, in excise tax expense. The Company's wholly owned subsidiary, NCDL Equity Holdings, is subject to U.S. federal and state corporate-level income taxes. As a result the Company recorded a net deferred tax liability related to US GAAP to tax outside basis differences in NCDL Equity Holdings' investments in certain partnership interests of $1,008 and $855 as of December 31, 2024 and December 31, 2023, respectively, which are included in accounts payable and accrued expenses in the accompanying consolidated statements of assets and liabilities. For the years ended December 31, 2024 and 2023, the Company recorded a net tax provision of $(154) and $(830), respectively, which are included in income tax (provision) benefit in the accompanying consolidated statements of operations. The Company accounts for income taxes in conformity with ASC Topic 740, Income Taxes ("ASC 740"). ASC 740 provides guidelines for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. ASC 740 requires the evaluation of tax positions taken in the course of preparing the Company’s tax returns to determine whether the tax positions are "more-likely-than-not" to be sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold are recorded as a tax benefit or expense in the current year. Based on its analysis of its tax position for all open tax years (the current and prior years, as applicable), the Company has concluded that it does not have any uncertain tax positions that met the recognition or measurement criteria of ASC 740.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS The Company’s management evaluated subsequent events through the date of issuance of the consolidated financial statements. There have been no subsequent events that occurred during such period that would require disclosure in, or would be required to be recognized in, the consolidated financial statements as of December 31, 2024, except as discussed below. Issuance of the March 2030 Notes On January 22, 2025, the Company issued $300,000 in aggregate principal amount of the Company’s 6.650% Notes due 2030 (the “March 2030 Notes”). The March 2030 Notes bear interest at a rate of 6.650% per year payable semi-annually in arrears on March 15 and September 15 of each year, beginning September 15, 2025. The March 2030 Notes will mature on March 15, 2030, and may be redeemed in whole or in part at the Company’s option at any time prior to February 15, 2030, at par plus a “make-whole” premium plus accrued interest, and thereafter at par. The March 2030 Notes are the direct unsecured obligations of the Company and rank pari passu with all existing and future unsubordinated unsecured indebtedness issued by the Company, senior to any of the Company’s future indebtedness that expressly provides it is subordinated to the March 2030 Notes, effectively subordinated to all of the existing and future secured indebtedness issued by the Company (including indebtedness that is initially unsecured in respect of which the Company subsequently grants security), to the extent of the value of the assets securing such indebtedness, and structurally subordinated to all existing and future indebtedness and other obligations of any of the Company’s subsidiaries. The indenture governing the March 2030 Notes contains certain covenants, including certain covenants requiring the Company to comply with Section 18(a)(1)(A) as modified by Section 61(a) of the 1940 Act, or any successor provisions, whether or not the Company continues to be subject to such provisions of the 1940 Act, but giving effect, in either case, to any exemptive relief granted to the Company by the SEC; and to provide financial information to the holders of the March 2030 Notes and the trustee if the Company is no longer subject to the reporting requirements under the Exchange Act. These covenants are subject to important limitations and exceptions that are described in the indenture. On January 22, 2025, in connection with the issuance of the March 2030 Notes, the Company entered into an interest rate swap agreement for a total notional amount of $300,000 that matures on March 15, 2030. Under the interest rate swap agreement for the March 2030 Notes, the Company receives a fixed interest rate of 6.65% and pays a floating interest rate of three-month SOFR + 2.3015%. Termination of the Wells Fargo Financing Facility On January 23, 2025, the Company terminated in full the Wells Fargo Financing Facility Agreement. In connection with the termination of the Wells Fargo Financing Facility Agreement, the Company also terminated the security interest over the collateral granted to Wells Fargo and the lenders pursuant to the Wells Fargo Financing Facility Agreement. The Wells Fargo Financing Facility Agreement was terminated concurrent with the satisfaction of all obligations and liabilities of the Company to the lenders thereunder, including, without limitation, payments of principal and interest, other fees, breakage costs and other amounts owing to the lenders. Director Resignation On February 10, 2025, Michael Perry notified the Board that he was resigning as a director of the Board, effective immediately. In submitting his resignation, Mr. Perry did not express any disagreement on any matter relating to the Company's operations, policies or practices. In connection with Mr. Perry's resignation, the Board reduced the size of the Board from seven (7) directors to six (6) directors. Dividend Declaration On February 19, 2025, the Board declared a regular dividend of $0.45 per share payable on or around April 28, 2025 to shareholders of record as of March 31, 2025. Company 10b5-1 Plan For the period January 1, 2025 through February 25, 2025, BofA Securities, Inc., as agent, repurchased an additional 1,419,967 shares of the Company’s common stock pursuant to the Company 10b5-1 Plan for approximately $24,076. 2025 Debt Securitization Refinancing On February 24, 2025, the Company priced a refinancing of a term debt securitization (the “2025 Debt Securitization Refinancing”). Term debt securitization is also known as a collateralized loan obligation and is a form of secured financing incurred by Churchill NCDLC CLO-I, LLC (the “2025 Issuer”), a direct, wholly-owned, consolidated subsidiary of the Company. The Company expects that the 2025 Issuer will, on or around March 20, 2025 (the “Refinancing Date”), enter into a supplemental indenture (the “Supplemental Indenture”) with U.S. Bank Trust Company, National Association, as trustee (in such capacity, the “Trustee”), and the Company, as collateral manager, retention holder and as holder of all of the Subordinated Notes (as described below), to amend the indenture (the “Indenture”), dated as of May 20, 2022 (the “Original Closing Date”), by and between the 2025 Issuer and the Trustee. In connection with closing of the 2025 Debt Securitization Refinancing, on the Refinancing Date, the 2025 Issuer expects to enter into (1) a note purchase agreement (the “Purchase Agreement”) with SG Americas Securities, LLC, as initial purchaser, pursuant to which the 2025 Issuer will agree to sell certain of the notes (the “2025 Notes”) to be issued pursuant to the Indenture as amended by the Supplemental Indenture and (2) an amended and restated Class A-L-R loan agreement (the “Loan Agreement”) with U.S. Bank Trust Company, National Association, as loan agent and as Trustee and each of the Class A-L-R lenders party thereto pursuant to which the 2025 Issuer will agree to incur certain of the loans (the “2025 Loans” and together with the 2025 Notes, the “2025 Debt”). The 2025 Debt is expected to consist of $1,900 of AAA Class X Notes, which will bear interest at the three-month Term SOFR plus 1.05%; $233,250 of AAA Class A-R Notes, which will bear interest at the three-month Term SOFR plus 1.38%; $30,000 of AAA Class A-L-R Loans, which will bear interest at the three-month Term SOFR plus 1.38%; $56,250 of AA Class B-R Notes, which will bear interest at the three-month Term SOFR plus 1.70%; and $136,575 of Subordinated Notes (which includes $79,325,000 Subordinated Notes issued on the Original Closing Date), which do not bear interest. The Company will directly retain all of the Subordinated Notes. The 2025 Debt is backed by a diversified portfolio of senior secured and second lien loans. Through April 20, 2030, all principal collections received on the underlying collateral may be used by the 2025 Issuer to purchase new collateral under the direction of the Company, in its capacity as collateral manager of the 2025 Issuer and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2025 Debt Securitization. The Company expects that the 2025 Debt, including the Subordinated Notes issued on the Original Closing Date, whose maturity will be extended by the Supplemental Indenture, will mature on April 20, 2038. The closing of the issuance and incurrence of the 2025 Debt is subject to customary closing conditions, including that the closing occur on or prior to the Refinancing Date and that certain of the 2025 Debt has been assigned agreed-upon ratings by S&P Global Ratings, an S&P Global Inc. business, or any respective successor or successors thereto. The Company will continue to serve as collateral manager to the 2025 Issuer under a collateral management agreement to be amended and restated on the Refinancing Date and will continue to waive any management fee due to it in consideration for providing these services.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net increase (decrease) in net assets resulting from operations	$ 116,323	$ 75,938	$ 17,286

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

N-2

N-2 - USD ($)

3 Months Ended

12 Months Ended

Sep. 30, 2024

Jun. 30, 2024

Mar. 31, 2024

Dec. 31, 2024

Jan. 29, 2024

Jan. 05, 2024

Dec. 31, 2023

Nov. 03, 2023

Jul. 17, 2023

Apr. 20, 2023

Dec. 31, 2022

Dec. 21, 2022

Aug. 01, 2022

Apr. 25, 2022

Jan. 21, 2022

Dec. 31, 2021

Dec. 09, 2021

Nov. 01, 2021

Aug. 23, 2021

Jul. 26, 2021

Jun. 22, 2021

Apr. 23, 2021

Mar. 11, 2021

Dec. 31, 2020

Nov. 06, 2020

Oct. 16, 2020

Aug. 06, 2020

May 07, 2020

Dec. 31, 2019

Dec. 19, 2019

Cover [Abstract]

Entity Central Index Key

0001737924

Amendment Flag

false

Securities Act File Number

000-56133

Document Type

10-K

Entity Registrant Name

NUVEEN CHURCHILL DIRECT LENDING CORP.

Entity Address, Address Line One

375 Park Avenue, 9th Floor

Entity Address, City or Town

New York

Entity Address, State or Province

NY

Entity Address, Postal Zip Code

10152

City Area Code

212

Local Phone Number

478-9200

Entity Well-known Seasoned Issuer

Yes

Entity Emerging Growth Company

false

Fee Table [Abstract]

Shareholder Transaction Expenses [Table Text Block]

Shareholder transaction expenses (as a percentage of offering price): Sales load paid — (1) Offering expenses borne by us — (2) Dividend reinvestment plan expenses — (3) Total shareholder transaction expenses — % Annual expenses (as a percentage of net assets attributable to common stock) Management fee 2.02 % (4) Incentive fees 1.72 % (5) Interest payments on borrowed funds 8.64 % (6) Other expenses 0.67 % (7) Total annual expenses 13.05 % __________________ (1) In the event that the securities are sold to or through underwriters, a related prospectus supplement will disclose the applicable sales load (underwriting discount or commission). (2) A related prospectus supplement will disclose the estimated amount of offering expenses, the offering price and the estimated amount of offering expenses borne by the Company as a percentage of the offering price. (3) The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator’s fees will be paid by us. There will be no brokerage charges or other charges to shareholders who participate in the dividend reinvestment plan. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 2 . Significant Accounting Policies” in this Annual Report Form 10-K. (4) The management fee is 0.75% of our average total assets, excluding cash and cash equivalents and including assets financed using leverage (“Average Total Assets”) for the first five quarters beginning with the calendar quarter in which the IPO was consummated (i.e., beginning with the calendar quarter ending March 31, 2024 through the calendar quarter ending March 31, 2025), and thereafter, the management fee will step up to 1.00% of Average Total Assets. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 5. Related Party Transactions” in this Annual Report Form 10-K. The management fee reflected in the table above is based on the terms of the Advisory Agreement, and is calculated by determining the ratio that the management fee of 1.00% bears to our net assets attributable to common stock (rather than our total assets). For avoidance of doubt, the above table reflects the management fee of 1.00% that will be effective as of March 31, 2025 and does not give effect for the reduced management fee of 0.75% in effect as of December 31, 2024. The management fee referenced in the table above is based on each quarter’s Average Total Assets during the year ended December 31, 2024. The estimate of our management fee referenced in the table assumes that our Average Total Assets are 2.03x our average net assets, calculated by utilizing (a) the average of the most recent four quarter total assets over (b) the average of the most recent four quarter net assets. (5) Under the Advisory Agreement, the Adviser waived both the incentive fee on income and incentive fee on capital gains for the first five quarters beginning in which the IPO was consummated (i.e., beginning with the calendar quarter ending March 31, 2024 through the calendar quarter ending March 31, 2025) (the "Incentive Fee Waiver"). Following the expiration of the Incentive Fee Waiver, an incentive fee will be payable to the Adviser, consisting of two parts that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee will be based on income and a portion will be based on our capital gains. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 5. Related Party Transactions” in this Annual Report Form 10-K. The fee waiver is not considered in the above table, which is based on actual pre-incentive net investment income and capital gains incurred during the year ended December 31, 2024. The pre-incentive net investment income reflected in the above table assumes a management fee of 1.00% of Average Total Assets as described in footnote (4). (6) As of December 31, 2024, we had in place one special purpose vehicle asset credit facility (the “Wells Fargo Financing Facility”), a revolving credit facility (the “Revolving Credit Facility”), and three term debt securitizations (the “2022 Debt Securitization,” the “2023 Debt Securitization,” and the “2024 Debt Securitization”). Interest payments on borrowed funds referenced in the table above (a) represent our estimated annual interest payments (inclusive of unused fees and financing costs) based on our actual interest expense (inclusive of unused fees and financing costs) under the Wells Fargo Financing Facility, the Revolving Credit Facility, the notes offered in the 2022 Debt Securitization, the notes offered in the 2023 Debt Securitization, and the notes offered in the 2024 Debt Securitization, and (b) give effect to the termination of the Wells Fargo Financing Facility and the issuance of the 6.650% Notes due March 15, 2030 subsequent to fiscal year ended December 31, 2024. The assumed weighted average interest rate on our total debt outstanding was 7.61% (inclusive of unused fees) for the year ended December 31, 2024. We may borrow additional funds from time to time to make investments to the extent we determine that the economic situation is conducive to doing so. We may issue additional debt securities or preferred stock, subject to our compliance with applicable requirements under the 1940 Act. See “Part II, Item 8 — Consolidated Financial Statements— Note 6 . Secured Borrowings” and “Part II, Item 8 — Consolidated Financial Statements — Note 12 . Subsequent Events” in this Annual Report Form 10-K. (7) Other expenses referenced in the table above represent our estimated annual other expenses based on actual amounts incurred by us during the fiscal year ended December 31, 2024. Other expenses include, but are not limited to, overhead expenses, such as payments under the Administration Agreement for certain expenses incurred by the Administrator. See “Part II, Item 8 — Consolidated Financial Statements — Note 5

Sales Load [Percent]

0%

Dividend Reinvestment and Cash Purchase Fees

$ 0

Other Transaction Expenses [Abstract]

Other Transaction Expense 1 [Percent]

0%

Annual Expenses [Table Text Block]

Shareholder transaction expenses (as a percentage of offering price): Sales load paid — (1) Offering expenses borne by us — (2) Dividend reinvestment plan expenses — (3) Total shareholder transaction expenses — % Annual expenses (as a percentage of net assets attributable to common stock) Management fee 2.02 % (4) Incentive fees 1.72 % (5) Interest payments on borrowed funds 8.64 % (6) Other expenses 0.67 % (7) Total annual expenses 13.05 % __________________ (1) In the event that the securities are sold to or through underwriters, a related prospectus supplement will disclose the applicable sales load (underwriting discount or commission). (2) A related prospectus supplement will disclose the estimated amount of offering expenses, the offering price and the estimated amount of offering expenses borne by the Company as a percentage of the offering price. (3) The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator’s fees will be paid by us. There will be no brokerage charges or other charges to shareholders who participate in the dividend reinvestment plan. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 2 . Significant Accounting Policies” in this Annual Report Form 10-K. (4) The management fee is 0.75% of our average total assets, excluding cash and cash equivalents and including assets financed using leverage (“Average Total Assets”) for the first five quarters beginning with the calendar quarter in which the IPO was consummated (i.e., beginning with the calendar quarter ending March 31, 2024 through the calendar quarter ending March 31, 2025), and thereafter, the management fee will step up to 1.00% of Average Total Assets. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 5. Related Party Transactions” in this Annual Report Form 10-K. The management fee reflected in the table above is based on the terms of the Advisory Agreement, and is calculated by determining the ratio that the management fee of 1.00% bears to our net assets attributable to common stock (rather than our total assets). For avoidance of doubt, the above table reflects the management fee of 1.00% that will be effective as of March 31, 2025 and does not give effect for the reduced management fee of 0.75% in effect as of December 31, 2024. The management fee referenced in the table above is based on each quarter’s Average Total Assets during the year ended December 31, 2024. The estimate of our management fee referenced in the table assumes that our Average Total Assets are 2.03x our average net assets, calculated by utilizing (a) the average of the most recent four quarter total assets over (b) the average of the most recent four quarter net assets. (5) Under the Advisory Agreement, the Adviser waived both the incentive fee on income and incentive fee on capital gains for the first five quarters beginning in which the IPO was consummated (i.e., beginning with the calendar quarter ending March 31, 2024 through the calendar quarter ending March 31, 2025) (the "Incentive Fee Waiver"). Following the expiration of the Incentive Fee Waiver, an incentive fee will be payable to the Adviser, consisting of two parts that are independent of each other, with the result that one component may be payable even if the other is not. A portion of the incentive fee will be based on income and a portion will be based on our capital gains. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 5. Related Party Transactions” in this Annual Report Form 10-K. The fee waiver is not considered in the above table, which is based on actual pre-incentive net investment income and capital gains incurred during the year ended December 31, 2024. The pre-incentive net investment income reflected in the above table assumes a management fee of 1.00% of Average Total Assets as described in footnote (4). (6) As of December 31, 2024, we had in place one special purpose vehicle asset credit facility (the “Wells Fargo Financing Facility”), a revolving credit facility (the “Revolving Credit Facility”), and three term debt securitizations (the “2022 Debt Securitization,” the “2023 Debt Securitization,” and the “2024 Debt Securitization”). Interest payments on borrowed funds referenced in the table above (a) represent our estimated annual interest payments (inclusive of unused fees and financing costs) based on our actual interest expense (inclusive of unused fees and financing costs) under the Wells Fargo Financing Facility, the Revolving Credit Facility, the notes offered in the 2022 Debt Securitization, the notes offered in the 2023 Debt Securitization, and the notes offered in the 2024 Debt Securitization, and (b) give effect to the termination of the Wells Fargo Financing Facility and the issuance of the 6.650% Notes due March 15, 2030 subsequent to fiscal year ended December 31, 2024. The assumed weighted average interest rate on our total debt outstanding was 7.61% (inclusive of unused fees) for the year ended December 31, 2024. We may borrow additional funds from time to time to make investments to the extent we determine that the economic situation is conducive to doing so. We may issue additional debt securities or preferred stock, subject to our compliance with applicable requirements under the 1940 Act. See “Part II, Item 8 — Consolidated Financial Statements— Note 6 . Secured Borrowings” and “Part II, Item 8 — Consolidated Financial Statements — Note 12 . Subsequent Events” in this Annual Report Form 10-K. (7) Other expenses referenced in the table above represent our estimated annual other expenses based on actual amounts incurred by us during the fiscal year ended December 31, 2024. Other expenses include, but are not limited to, overhead expenses, such as payments under the Administration Agreement for certain expenses incurred by the Administrator. See “Part II, Item 8 — Consolidated Financial Statements — Note 5

Management Fees [Percent]

2.02%

Interest Expenses on Borrowings [Percent]

8.64%

Incentive Fees [Percent]

1.72%

Other Annual Expenses [Abstract]

Other Annual Expenses [Percent]

0.67%

Total Annual Expenses [Percent]

13.05%

Expense Example [Table Text Block]

The following example demonstrates the projected dollar amount of total cumulative expenses that would be incurred over various periods with respect to a hypothetical investment in our common stock. In calculating the following expense amounts, we have assumed that our borrowings and annual operating expenses would remain at the levels set forth in the table above. 1 Year 3 Years 5 Years 10 Years You would pay the following expenses on a $1,000 investment, assuming a 5.0% annual return without realization of any capital gains $113 $317 $494 $839 The example should not be considered a representation of future expenses, and actual expenses may be greater or less than those shown. While the example assumes, as required by the applicable rules of the SEC, a 5.0% annual return, our performance will vary and may result in a return greater or less than 5.0%. The incentive fee under the Advisory Agreement, which, assuming a 5.0% annual return, would either not be payable or would have an insignificant impact on the expense amounts shown above, is not included in the above example. The above illustration assumes that we will not realize any capital gains (computed net of all realized capital losses and unrealized capital depreciation) in any of the indicated time periods. If we achieve sufficient returns on our investments, including through the realization of capital gains, to trigger an incentive fee of a material amount, our expenses and returns to our investors would be higher. For example, if we assumed that we received our 5.0% annual return completely in the form of net realized capital gains on our investments, computed net of all cumulative unrealized depreciation on our investments, the projected dollar amount of total cumulative expenses set forth in the above illustration would be as follows: 1 Year 3 Years 5 Years 10 Years You would pay the following expenses on a $1,000 investment, assuming a 5.0% annual return completely in the form of net realized capital gains $115 $326 $512 $864 The example assumes no sales load. In addition, while the examples assume reinvestment of all distributions at NAV, participants in our dividend reinvestment plan will receive a number of shares of our common stock determined by dividing the total dollar amount of the distribution payable to a participant by the market price per share of our common stock at the close of trading on the dividend payment date. The market price per share of our common stock may be at, above or below NAV. See “Item 8 — Consolidated Financial Statements— Note 2

Expense Example, Year 01

$ 113

Expense Example, Years 1 to 3

317

Expense Example, Years 1 to 5

494

Expense Example, Years 1 to 10

$ 839

Purpose of Fee Table , Note [Text Block]

The following table is intended to assist you in understanding the costs and expenses that you will bear directly or indirectly. We caution you that some of the percentages indicated in the table below are estimates and may vary. The expenses shown in the table under “Annual expenses” are based on estimated amounts for our current fiscal year. The following table should not be considered a representation of our future expenses. Actual expenses may be greater or less than shown. Except where the context suggests otherwise, whenever this Form 10-K contains a reference to fees or expenses paid by “us” or “the Company” or that “we” will pay fees or expenses, you will indirectly bear these fees or expenses as an investor in the Company.

Basis of Transaction Fees, Note [Text Block]

The expenses of the dividend reinvestment plan are included in “other expenses.” The plan administrator’s fees will be paid by us. There will be no brokerage charges or other charges to shareholders who participate in the dividend reinvestment plan. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 2

Other Transaction Fees, Note [Text Block]

A related prospectus supplement will disclose the estimated amount of offering expenses, the offering price and the estimated amount of offering expenses borne by the Company as a percentage of the offering price.

Other Expenses, Note [Text Block]

Other expenses referenced in the table above represent our estimated annual other expenses based on actual amounts incurred by us during the fiscal year ended December 31, 2024. Other expenses include, but are not limited to, overhead expenses, such as payments under the Administration Agreement for certain expenses incurred by the Administrator. See “Part II, Item 8 — Consolidated Financial Statements — Note 5

Management Fee not based on Net Assets, Note [Text Block]

The management fee is 0.75% of our average total assets, excluding cash and cash equivalents and including assets financed using leverage (“Average Total Assets”) for the first five quarters beginning with the calendar quarter in which the IPO was consummated (i.e., beginning with the calendar quarter ending March 31, 2024 through the calendar quarter ending March 31, 2025), and thereafter, the management fee will step up to 1.00% of Average Total Assets. For additional information, see “Part II, Item 8 — Consolidated Financial Statements — Note 5.

Financial Highlights [Abstract]

Senior Securities [Table Text Block]

The following is information about the Company’s senior securities for the years ended December 31, 2024, 2023, 2022, 2021, 2020, and 2019 ($ in thousands, except per share amounts): Class and Period Total Amount Outstanding Exclusive of Treasury Securities (1) Asset Coverage Per Unit (2) Involuntary Liquidating Preference Per Unit (3) Average Market Value Per Unit (4) Subscription Facility (5) December 31, 2022 $ — 1,744 — N/A December 31, 2021 34,000 1,912 — N/A December 31, 2020 17,500 1,820 — N/A Wells Fargo Financing Facility December 31, 2024 $ 106,000 1,870 — N/A December 31, 2023 231,000 1,786 — N/A December 31, 2022 111,300 1,744 — N/A December 31, 2021 231,600 1,912 — N/A December 31, 2020 146,135 1,820 — N/A December 31, 2019 118,435 1,552 — N/A SMBC Financing Facility (6) December 31, 2023 $ 37,377 1,786 — N/A December 31, 2022 252,147 1,744 — N/A December 31, 2021 144,447 1,912 — N/A December 31, 2020 28,547 1,820 — N/A CLO-I December 31, 2024 $ 342,000 1,870 — N/A December 31, 2023 342,000 1,786 — N/A December 31, 2022 342,000 1,744 — N/A CLO-II December 31, 2024 $ 214,429 1,870 — N/A December 31, 2023 215,000 1,786 — N/A CLO-III December 31, 2024 $ 214,750 1,870 — N/A Revolving Credit Facility December 31, 2024 $ 237,750 1,870 — N/A December 31, 2023 126,500 1,786 — N/A ______________ (1) Total amount of each class of senior securities outstanding at the end of the period presented. (2) Asset coverage per unit is the ratio of the carrying value of our total assets, less all liabilities excluding indebtedness represented by senior securities in this table, to the aggregate amount of senior securities representing indebtedness. Asset coverage per unit is expressed in terms of dollar amounts per $1,000 of indebtedness and is calculated on a consolidated basis. (3) The amount to which such class of senior security would be entitled upon our involuntary liquidation in preference to any security junior to it. The “—” in this column indicates information that the SEC expressly does not require to be disclosed for certain types of senior securities. (4) Not applicable because the senior securities are not registered for public trading. (5) The Subscription Facility expired on September 8, 2023. (6)

General Description of Registrant [Abstract]

Investment Objectives and Practices [Text Block]

Our investment objective is to generate attractive risk-adjusted returns primarily through current income by investing primarily in senior secured loans to private equity-owned U.S. middle market companies, which we define as companies with approximately $10 million to $250 million of annual earnings before interest, taxes, depreciation and amortization (“EBITDA”). We primarily focus on investing in U.S. middle market companies, with $10 million to $100 million in EBITDA, which we consider the core middle market. Our portfolio is comprised primarily of first-lien senior secured debt and unitranche loans. Although it is not our primary strategy, we also opportunistically invest in junior capital opportunities, including second-lien loans, subordinated debt, and equity co-investments and similar equity-related securities. We have entered into an investment advisory agreement (as amended and restated, the “Advisory Agreement”) with Churchill DLC Advisor LLC (f/k/a Nuveen Churchill Advisors LLC) (the “Adviser”), under which the Adviser has delegated substantially all of its day-to-day portfolio management obligations through a sub-advisory agreement (as amended and restated, the “CAM Sub-Advisory Agreement”) to Churchill Asset Management LLC (“Churchill”). In addition, the Adviser and Churchill have engaged Nuveen Asset Management, LLC (“Nuveen Asset Management” and together with the Adviser and Churchill, the "Advisers") pursuant to a sub-advisory agreement (the "NAM Sub-Advisory Agreement"), pursuant to which Nuveen Asset Management may manage a portion of our portfolio consisting of cash and cash equivalents, liquid fixed-income securities (including broadly syndicated loans) and other liquid credit instruments, subject to the pace and amount of investment activity in the middle market investment program. Under the administration agreement (the “Administration Agreement”), we are provided with certain services by an administrator, Churchill BDC Administration LLC (f/k/a Nuveen Churchill Administration LLC) (the “Administrator”). The Adviser, Churchill, Nuveen Asset Management and Administrator are all affiliates and subsidiaries of Nuveen, LLC (“Nuveen”), a wholly owned subsidiary of Teachers Insurance and Annuity Association of America (“TIAA”). Churchill NCDLC CLO-I, LLC (“CLO-I”), Churchill NCDLC CLO-II, LLC (“CLO-II”), Churchill NCDLC CLO-III, LLC (“CLO-III”), Nuveen Churchill BDC SPV IV, LLC (“SPV IV”), Nuveen Churchill BDC SPV V, LLC (“SPV V”) and NCDL Equity Holdings LLC ("NCDL Equity Holdings") are wholly owned subsidiaries of the Company and are consolidated in these financial statements commencing from the date of their formation. CLO-I, CLO-II and CLO-III completed term debt securitizations in May 2022, December 2023 and March 2024, respectively. SPV IV and SPV V primarily invest in first-lien senior secured debt and unitranche loans. NCDL Equity Holdings was formed to hold certain equity-related securities. Beginning with our initial closing in March 2020, we conducted private offerings ("Private Offerings") of our shares of common stock to accredited investors in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). We held our final closing on April 28, 2023. On January 29, 2024, we closed our initial public offering (“IPO”) and our common stock began trading on the New York Stock Exchange (“NYSE”) under the symbol “NCDL” on January 25, 2024.

Risk Factors [Table Text Block]

The following is a summary of the principal risk factors associated with an investment in the Company. Further details regarding each risk included in the below summary list can be found further below. We are subject to risks related to our business and structure. • We depend upon the senior management of Churchill for our success, and upon its access to the investment professionals of Nuveen and its affiliates. • There may be conflicts related to obligations that senior investment professionals of Churchill and members of its investment committee have to other clients. There may be conflicts related to the investment and related activities of TIAA, Nuveen and Churchill. • The recommendations given to us by Churchill may differ from those rendered to its other clients. • Our management and incentive fee structure may create incentives for Churchill and certain of its investment professionals that are not fully aligned with the interests of our shareholders. • Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us. • We will be subject to U.S. federal income tax imposed at corporate rates if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code. • Regulations governing our operation as a BDC affect our ability to and the way in which we raise additional capital. • We are exposed to risks associated with changes in interest rates. • Many of our portfolio investments will be recorded at fair value as determined in good faith by the Adviser, and, as a result, there may be uncertainty as to the value of our portfolio investments. • We may experience fluctuations in our quarterly operating results. • Global economic, political and market conditions may adversely affect our business or cause us to alter our business strategy. • We are currently operating in a period of significant market disruption and economic uncertainty, which may have a negative impact on our business, financial condition and operations. • New or modified laws or regulations governing our operations could adversely affect our business. • The failure of cybersecurity protection systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively. We are subject to risks related to our operations. • Economic recessions or downturns could impair our portfolio companies and harm our operating results. • We intend to invest in middle market, privately owned companies, which may present a greater risk of loss than loans to larger companies. • We may be subject to risks associated with our investments in Senior Loans, unitranche secured loans and securities, junior debt securities, “covenant-lite” loans and equity-related securities. • The lack of liquidity in our investments may adversely affect our business. • Defaults by our portfolio companies will harm our operating results. We are subject to risks related to an investment in our common stock. • Purchases of our shares of common stock by us under the Company 10b5-1 Plan may result in the price of our shares of common stock being higher than the price might otherwise exist in the open market and may result in dilution in our NAV per share. • Sales of substantial amounts of our common stock in the public market may have an adverse effect on the market price of our common stock. We are subject to risks relating to an investment in our unsecured notes. • The March 2030 Notes are unsecured and therefore are effectively subordinated to any existing and future secured indebtedness, including indebtedness under the Revolving Credit Facility. The March 2030 Notes are structurally subordinated to the indebtedness and other liabilities of our subsidiaries, including the SMBC Financing Facility and the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization. • We may not be able to repurchase the March 2030 upon a Change of Control Repurchase Event. • If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the March 2030 Notes. Risks Related to our Business and Structure We are currently operating in a period of significant market disruption and economic uncertainty, which may have a negative impact on our business, financial condition and operations. An extended disruption in the capital markets and the credit markets could negatively affect our business. From time to time, capital markets may experience periods of disruption and instability. The U.S. capital markets have experienced extreme volatility and disruption following the global outbreak of COVID-19 that began in December 2019, the conflict between Russia and Ukraine that began in late February 2022 and the ongoing war in the Middle East. Even after the COVID-19 pandemic subsided, the U.S. economy, as well as most other major economies, have continued to experience unpredictable economic conditions, and we anticipate our businesses would be materially and adversely affected by any prolonged economic downturn or recession in the United States and other major markets. In addition, disruptions in the capital markets have increased the spread between the yields realized on risk-free and higher risk securities, resulting in illiquidity in parts of the capital markets. The current economic conditions have resulted in an adverse impact on the ability of lenders to originate loans, the volume and type of loans originated, the ability of borrowers to make payments and the volume and type of amendments and waivers granted to borrowers and remedial actions taken in the event of a borrower default, each of which could negatively impact the amount and quality of loans available for investment by the Company and returns to the Company, among other things. The U.S. credit markets (in particular for middle market loans) have experienced the following, among other things: (i) increased draws by borrowers on revolving lines of credit and other financing instruments; (ii) increased requests by borrowers for amendments and waivers of their credit agreements to avoid default, increased defaults by such borrowers and/or increased difficulty in obtaining refinancing at the maturity dates of their loans and increased uses of PIK features; and (iii) greater volatility in pricing and spreads and difficulty in valuing loans during periods of increased volatility, and liquidity issues. These conditions and future market disruptions and/or illiquidity could have an adverse effect on our (and our portfolio companies’) business, financial condition, results of operations and cash flows. Ongoing unfavorable economic conditions may increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to our portfolio companies and/or us. These events have limited and could continue to limit our investment originations, limit our ability to grow and have a material negative impact on our operating results and the fair values of our debt and equity investments. We may have to access, if available, alternative markets for debt and equity capital, and a severe disruption in the global financial markets, deterioration in credit and financing conditions, continued increase in interest rates or uncertainty regarding U.S. government spending and deficit levels or other global economic conditions could have a material adverse effect on our business, financial condition and results of operations. While we intend to continue to source and invest in new loan transactions to U.S. middle market companies, we cannot be certain that we will be able to do so successfully or consistently. A lack of suitable investment opportunities may impair our ability to make new investments, and may negatively impact our earnings and result in decreased dividends to our shareholders. If current economic conditions continue for an extended period of time, loan delinquencies, loan non-accruals, problem assets, and bankruptcies may increase. In addition, collateral for our loans may decline in value, which could cause loan losses to increase and the net worth and liquidity of loan guarantors could decline, impairing their ability to honor commitments to us. An increase in loan delinquencies and non-accruals or a decrease in loan collateral and guarantor net worth could result in increased costs and reduced income which would have a material adverse effect on our business, financial condition or results of operations. We also continue to observe supply chain interruptions, labor difficulties, commodity inflation and elements of economic and financial market instability both globally and in the United States, which could adversely impact our results of operations and financial condition. We will need to raise additional capital in the future in order to continue to make investments in accordance with our business and investing strategy and to pursue new business opportunities. Ongoing disruptive conditions in the financial industry and the impact of new legislation in response to those conditions could restrict our business operations and could adversely impact our results of operations and financial condition. In addition, we generally are required to distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our shareholders to qualify for the tax benefits available to RICs. As a result, these earnings will not be available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have a material adverse effect on our business, results of operations and financial performance. We cannot be certain as to the duration or magnitude of the ongoing economic condition in the markets in which we and our portfolio companies operate and corresponding declines in economic activity that may negatively impact the U.S. economy and the markets for the various types of goods and services provided by U.S. middle market companies. Depending on the duration, magnitude and severity of these conditions and their related economic and market impacts, certain of our portfolio companies may suffer declines in earnings and could experience financial distress, which could cause them to default on their financial obligations to us and their other lenders. In consideration of these and related factors, we have downgraded our internal ratings with respect to certain companies and may make additional downgrades with respect to other portfolio companies in the future as conditions warrant and new information becomes available. Our financial condition and results of operations depend on our ability to manage our business effectively. Our ability to achieve our investment objective and grow depends on our ability to manage our business. This depends, in turn, on the ability of Churchill to identify, invest in and monitor companies that meet our investment criteria. The achievement of our investment objective depends upon Churchill’s execution of our investment process, their ability to provide competent, attentive and efficient services to us and, to a lesser extent, our access to financing on acceptable terms. Churchill is responsible for the day-to-day portfolio management of the Company under the CAM Sub-Advisory Agreement. The origination professionals and other personnel of Churchill and its affiliates may be called upon to provide managerial assistance to our portfolio companies. These activities may distract them or slow our rate of investment. Any failure to manage our business and our future growth effectively could have a material adverse effect on our business, financial condition and results of operations. Our results of operations depend on many factors, including the availability of opportunities for investment, readily accessible short and long-term funding alternatives in the financial markets and economic conditions. Furthermore, if we cannot successfully operate our business or implement our investment policies and strategies, it could negatively impact our ability to pay dividends or other distributions and you may lose all or part of your investment. We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses. We compete with a number of specialty and commercial finance companies to make the types of investments that we make in middle market companies, including BDCs, traditional commercial banks, private investment funds, regional banking institutions, small business investment companies, investment banks and insurance companies. Additionally, with increased competition for investment opportunities, alternative investment vehicles such as hedge funds may seek to invest in areas they have not traditionally invested in or from which they had withdrawn during the economic downturn, including investing in middle market companies. As a result, competition for investments in middle market companies has intensified, and we expect that trend to continue. Certain of our existing and potential competitors are large and may have greater financial, technical and marketing resources than we do. For example, some competitors may have a lower cost of funds and access to funding sources that are not available to us. In addition, some of our competitors may have higher risk tolerances or different risk assessments, which could allow them to consider a wider variety of investments and establish more relationships than us. These characteristics could allow our competitors to consider a wider variety of investments, establish more relationships and offer better pricing and more flexible structuring than we offer. We may lose investment opportunities if we do not match our competitors’ pricing, terms and structure. If we are forced to match our competitors’ pricing, terms and structure, however, we may not be able to achieve acceptable returns on our investments or may bear substantial risk of capital loss. Furthermore, many of our competitors are not subject to the regulatory restrictions that the 1940 Act imposes on us as a BDC or the source-of-income, asset diversification and distribution requirements we must satisfy to obtain and maintain our RIC tax treatment. The competitive pressures we face may have a material adverse effect on our business, financial condition and results of operations. As a result of this competition, we may not be able to take advantage of attractive investment opportunities from time to time, and we may not be able to identify and make investments that are consistent with our investment objective. Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies, which may, in turn, impact the valuation of such portfolio companies. Certain of our portfolio companies may be impacted by inflation, which may, in turn, impact the valuation of such portfolio companies. If such portfolio companies are unable to pass any increases in their costs along to their customers, it could adversely affect their results and their ability to pay interest and principal on our loans, particularly if interest rates rise in response to inflation. In addition, any projected future decreases in our portfolio companies’ operating results due to inflation could adversely impact the fair value of those investments. Any decreases in the fair value of our investments could result in future unrealized losses and therefore reduce our net assets resulting from operations. We are exposed to risks associated with changes in interest rates. Because we have borrowed and intend to continue to borrow money to make investments, our net investment income depends, in part, upon the difference between the rate at which we borrow funds and the rate at which we invest those funds. As a result, we can offer no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income. Following a period of elevated interest rates to address inflation concerns, in the third quarter of 2024, the Federal Reserve cut rates for the first time since March 2020 and, most recently, cut rates in the fourth quarter of 2024. The Federal has indicated that there may be additional rate cuts in the future; however, future reductions to benchmark rates are not certain. An increase in interest rates could decrease the value of any investments we hold which earn fixed interest rates and also could increase our interest expense, thereby decreasing our net income. Also, an increase in interest rates available to investors could make an investment in shares of our common stock less attractive if we are not able to increase our distribution rate, which could reduce the value of our common stock. Further, rising interest rates could also adversely affect our performance if such increases cause our borrowing costs to rise at a rate in excess of the rate that our investments yield. It is possible that the Federal Reserve's tightening cycle could also result in a recession in the United States, which could have a material adverse effect on our business, results of operations and financial condition. In the current and future periods of rising interest rates, to the extent we borrow money subject to a floating interest rate (such as under the SMBC Financing Facility and the Revolving Credit Facility), our cost of funds would increase, which could reduce our net investment income if there is not a corresponding increase in interest income generated by our investment portfolio. Further, rising interest rates could also adversely affect our performance if we hold investments with floating interest rates, subject to specified minimum (or “floor”) interest rates, while at the same time engaging in borrowings subject to floating interest rates not subject to such minimums. In such a scenario, rising interest rates may temporarily increase our interest expense, even though our interest income from investments is not increasing in a corresponding manner if market rates remain lower than the existing floor rate. If interest rates rise, there is also a risk that the portfolio companies in which we hold floating rate securities will be unable to pay escalating interest amounts, which could result in a default under their loan documents with us. Rising interest rates could also cause portfolio companies to shift cash from other productive uses to the payment of interest, which may have a material adverse effect on their business and operations and could, over time, lead to increased defaults. In addition, rising interest rates may increase pressure on us to provide fixed rate loans to our portfolio companies, which could adversely affect our net investment income, as increases in our cost of borrowed funds would not be accompanied by increased interest income from such fixed-rate investments. We are exposed to risks associated with hedging transactions. We seek to hedge against interest rate and credit risk by using structured financial instruments such as interest rate swaps, subject to the requirements of the 1940 Act. Use of structured financial instruments for hedging purposes may present significant risks, including the risk of loss of the amounts invested. Defaults by the other party to a hedging transaction can result in losses in the hedging transaction. Hedging activities also involve the risk of an imperfect correlation between the hedging instrument and the asset being hedged, which could result in losses both on the hedging transaction and on the instrument being hedged. Use of hedging activities may not prevent significant losses and could increase our losses. Further, hedging transactions may reduce cash available to pay distributions to our shareholders. The success of our hedging strategy will depend on our ability to correctly identify appropriate exposures for hedging. In connection with our issuance of the March 2030 Notes, which bear interest at a fixed rate, we entered into interest rate swaps to continue to align the interest rates of our liabilities with our investment portfolio, which predominately consists of floating rate loans. In addition, the degree of correlation between price movements of the instruments used in a hedging strategy and price movements in the portfolio positions being hedged may vary, as may the time period in which the hedge is effective relative to the time period of the related exposure. We may experience fluctuations in our quarterly operating results. We could experience fluctuations in our quarterly operating results due to a number of factors, including our ability or inability to make investments in companies that meet our investment criteria, the interest rate payable on the debt securities we acquire and the default rate on such securities, the level of our expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which we encounter competition in the markets in which we operate and general economic conditions. As a result of these factors, results for any period should not be relied upon as being indicative of performance in future periods. The effect of global climate change may impact the operations and valuation of our portfolio companies. Climate change creates physical and financial risk and some of our portfolio companies may be adversely affected by climate change. For example, the needs of customers of energy companies vary with weather conditions, primarily temperature and humidity. To the extent weather conditions are affected by climate change, energy use could increase or decrease depending on the duration and magnitude of any changes. Increases in the cost of energy could adversely affect the cost of operations of our portfolio companies if the use of energy products or services is material to their business. A decrease in energy use due to weather changes may affect some of our portfolio companies’ financial condition through, for example, decreased revenues, which may, in turn, impact the valuation of such portfolio companies. Extreme weather events (including wildfires, droughts, hurricanes, and floods) in general require more system backup, adding to costs, and can contribute to increased system stresses, including service interruptions, which, in turn, may impact the business operations of our portfolio companies. Some of our portfolio companies may periodically become subject to new or strengthened regulations or legislation to address global climate change, which could increase their operating costs and/or decrease their revenues, which may, in turn, impact their ability to make payments on our investments. Environmental, social and governance factors may adversely affect our business or cause us to alter our business strategy. Our business faces increasing public scrutiny related to ESG activities. We risk damage to our brand and reputation if we fail to act responsibly in a number of areas, such as environmental stewardship, corporate governance and transparency, and the consideration of ESG factors in our investment processes. Additionally, we risk damage to our brand and reputation if Churchill fails to originate, underwrite and manage assets on our behalf consistent with its ESG disclosures and practices. Adverse incidents with respect to ESG activities could impact the value of Churchill's and the Company's brand, the cost of our operations, and relationships with investors, all of which could adversely affect our business and results of operations. Additionally, new regulatory initiatives related to ESG could adversely affect our business. On the other hand, we may similarly face damage to our brand or reputation if we do not adequately address differing stakeholder and regulator perspectives on ESG policies and disclosure. Some stakeholders and regulators have increasingly expressed or pursued opposing views, legislation and investment expectations with respect to ESG initiatives. This divergence increases the risk that any action or lack thereof with respect to ESG matters will be perceived negatively by at least some stakeholders and could adversely impact our reputation and business. Rules, regulations and stakeholder expectations concerning ESG matters have been subject to increased attention and shifting focus in recent years. If Churchill fails or is perceived to fail to comply with applicable rules, regulations and stakeholder expectations, it could negatively impact our reputation and our business results. Regional and investor specific sentiment may differ in what constitutes a material positive or negative ESG corporate practice. There is no guarantee that Churchill’s ESG and sustainability practices will uniformly fit every investor’s definition of best practices for all environmental, social and governance considerations across geographies and investor types. If we do not successfully manage expectations across varied stakeholder interests, it could erode stakeholder trust, impact our reputation and constrain our investment opportunities. Churchill’s consideration of ESG factors could, to the extent material economic risks or opportunities associated with an investment are identified, cause Churchill to consider taking a different action than may have been taken in the absence of such consideration, which could cause us to perform differently compared to funds or other investors that do not consider such risks and opportunities. Although Churchill’s view is that considering ESG factors as part of the investment process could potentially enhance or protect the performance of investments over the long-term, Churchill cannot guarantee that any consideration of ESG factors will positively impact the performance of the Company. The data we use to make ESG-related determinations may not guarantee that our investments satisfy applicable ESG criteria. Churchill receives ESG-related data from third parties and evaluates potential investments in part based on third party ESG rating systems. The criteria used in these ratings systems may conflict with actual results and may change frequently. We cannot predict how these third parties will score our portfolio companies nor can we have any assurance that they score our portfolio companies accurately. Downgrades of the U.S. credit rating, impending automatic spending cuts or government shutdowns could negatively impact our liquidity, financial condition and earnings. U.S. debt ceiling and budget deficit concerns have increased the possibility of credit-rating downgrades or a recession in the United States. U.S. lawmakers have passed legislation to raise the federal debt ceiling on multiple occasions, but there is no guarantee that any such legislation will be passed in the future. Despite taking action to suspend the debt ceiling, ratings agencies have threatened to lower the long-term sovereign credit rating on the United States, including Fitch downgrading the U.S. government’s credit rating from AAA to AA+ in August 2023 and Moody’s lowering the U.S. government’s credit rating outlook from “stable” to “negative” in November 2023. There is no guarantee that there will not be a further downgrade in the future. The impact of the increased debt ceiling and/or downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. These developments could cause interest rates and borrowing costs to rise, which may negatively impact our ability to access the debt markets on favorable terms. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time, and may lead to additional shutdowns in the future. Continued adverse political and economic conditions could have a material adverse effect on our business, financial condition and results of operations. Global economic, political and market conditions may adversely affect our business or cause us to alter our business strategy. The current worldwide financial market situation, as well as various social and political tensions in the United States and around the world, may contribute to increased market volatility, may have long-term effects on the U.S. and worldwide financial markets, and may cause economic uncertainties or deterioration in the United States and worldwide. The U.S. and global capital markets experienced extreme volatility and disruption during the economic downturn that began in mid-2007, and the U.S. economy was in a recession for several consecutive calendar quarters during the same period. In 2010, a financial crisis emerged in Europe, triggered by high budget deficits and rising direct and contingent sovereign debt, which created concerns about the ability of certain nations to continue to service their sovereign debt obligations. Risks resulting from such debt crisis, including any austerity measures taken in exchange for bailout of certain nations, and any future debt crisis in Europe or any similar crisis elsewhere could have a detrimental impact on the global economic recovery, sovereign and non-sovereign debt in certain countries and the financial condition of financial institutions generally. On January 31, 2020, the United Kingdom ended its membership in the European Union, referred to as Brexit. Following the termination of a transition period, the United Kingdom and the European Union entered into a trade and cooperation agreement to govern the future relationship between the parties, which entered into force on May 1, 2021 following ratification by the European Union. In addition, on December 24, 2020, the European Union and United Kingdom governments signed a trade deal that governs the relationship between the United Kingdom and the European Union (the “Trade Agreement”). The Trade Agreement implements significant regulation around trade, transport of goods and travel restrictions between the United Kingdom and the European Union. Notwithstanding the foregoing, the longer term economic, legal, political and social implications of Brexit are unclear at this stage and are likely to continue to lead to ongoing political and economic uncertainty and periods of increased volatility in both the United Kingdom and in wider European markets for some time. In particular, Brexit could lead to calls for similar referendums in other European Union jurisdictions, which could cause increased economic volatility in the European and global markets. This mid- to long-term uncertainty could have adverse effects on the economy generally and on our ability to earn attractive returns. In particular, currency volatility could mean that our returns are adversely affected by market movements and could make it more difficult, or more expensive, for us to execute prudent currency hedging policies. New or modified laws or regulations governing our operations could adversely affect our business. We and our portfolio companies are subject to regulation by laws at the U.S. federal, state and local levels. These laws and regulations, as well as their interpretation, could change from time to time, including as the result of interpretive guidance or other directives from the U.S. President and others in the executive branch, and new laws, regulations and interpretations could also come into effect. Following the November 2024 elections in the United States, the Republican Party controls the Presidency, the Senate and the House of Representatives. Any new or changed laws or regulations, as well as changes in the positions of regulatory agencies, which may lead to changes in the level of oversight in the financial service industry, could have a material adverse effect on our business, and political uncertainty could increase regulatory uncertainty in the near term. The nature, timing and economic effects of any potential changes to the current legal and regulatory framework affecting the financial service industry remains uncertain. The effects of legislative and regulatory proposals directed at the financial services industry or affecting taxation, could negatively impact the operations, cash flows or financial condition of us or our portfolio companies, impose additional costs on us or our portfolio companies, intensify the regulatory supervision of us or our portfoli

Effects of Leverage [Text Block]

The use of borrowings, also known as leverage, increases the volatility of investments by magnifying the potential for loss on invested equity capital. When we use leverage to partially finance our investments, through borrowing from banks and other lenders, shareholders will experience increased risks of investing in our shares. If the value of our assets decreases, leveraging would cause NAV to decline more sharply than it otherwise would have had we not leveraged. Similarly, any decrease in our income would cause net income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to make distributions to our shareholders. In addition, our shareholders will bear the burden of any increase in our expenses as a result of our use of leverage, including interest expenses and any increase in the management fees or incentive fees (beginning in fiscal quarter ending June 30, 2025 following the expiration of the fee waiver) payable to the Adviser. We use and intend to continue to use leverage to finance our investments. The amount of leverage that we employ will depend on the Adviser’s and our Board’s assessment of market and other factors at the time of any proposed borrowing. There can be no assurance that leveraged financing will be available to us on favorable terms or at all. However, to the extent that we use leverage to finance our assets, our financing costs will reduce cash available for distributions to shareholders. Moreover, we may not be able to meet our financing obligations and, to the extent that we cannot, we risk the loss of some or all of our assets to liquidation or sale to satisfy the obligations. In such an event, we may be forced to sell assets at significantly depressed prices due to market conditions or otherwise, which may result in losses. We generally are required to meet a coverage ratio of total assets to total borrowings and other senior securities, which include all of our borrowings and any preferred shares that we may issue in the future, of at least 150%. If this ratio were to fall below 150%, we could not incur additional debt and could be required to sell a portion of our investments to repay some debt when it is disadvantageous to do so. This could have a material adverse effect on our operations and investment activities. Moreover, our ability to make distributions to shareholders may be significantly restricted or we may not be able to make any such distributions whatsoever. The amount of leverage that we will employ will be subject to oversight by our Board, a majority of whom are independent directors with no material interests in such transactions. Although leverage has the potential to enhance overall returns that exceed our cost of funds, they will further diminish returns (or increase losses on capital) to the extent overall returns are less than our cost of funds. In addition, borrowings may be secured by the shareholders’ investments as well as by our assets and the documentation relating to such transactions may provide that during the continuance of a default under such arrangement, the interests of the holders of shares may be subordinated to the interests of our lenders or debt holders. Our credit facilities and other borrowing arrangements impose financial and operating covenants that restrict our business activities, including limitations that could hinder our ability to finance additional loans and investments or to make the distributions required to maintain our qualification as a RIC under the Code. A failure to renew our facilities or to add new or replacement debt facilities or issue additional debt securities or other evidences of indebtedness could have a material adverse effect on our business, financial condition, results of operations and liquidity. The following table illustrates the effect of leverage on returns from an investment in our shares assuming various annual returns on our portfolio, net of expenses. The calculations in the table below are hypothetical, and actual returns may be higher or lower than those appearing in the table below. Assumed Return on Portfolio (10)% (5)%) 0% 5% 10% Corresponding Return to Common Shareholders (1) (13.71)% (8.71)% (3.71)% 1.29% 6.29% ________________ (1) Based on (i) $2.2 billion in total assets as of December 31, 2024, (ii) 1.1 billion in outstanding indebtedness at par, as of December 31, 2024, (iii) $1.0 billion in net assets as of December 31, 2024 and (iv) an average interest rate, including fees (such as fees on undrawn amounts and amortization of financing costs), on our indebtedness, as of December 31, 2024, of 7.61%.

Effects of Leverage [Table Text Block]

Assumed Return on Portfolio (10)% (5)%) 0% 5% 10% Corresponding Return to Common Shareholders (1) (13.71)% (8.71)% (3.71)% 1.29% 6.29% ________________ (1) Based on (i) $2.2 billion in total assets as of December 31, 2024, (ii) 1.1 billion in outstanding indebtedness at par, as of December 31, 2024, (iii) $1.0 billion in net assets as of December 31, 2024 and (iv) an average interest rate, including fees (such as fees on undrawn amounts and amortization of financing costs), on our indebtedness, as of December 31, 2024, of 7.61%.

Return at Minus Ten [Percent]

(13.71%)

Return at Minus Five [Percent]

(8.71%)

Return at Zero [Percent]

(3.71%)

Return at Plus Five [Percent]

1.29%

Return at Plus Ten [Percent]

6.29%

Effects of Leverage, Purpose [Text Block]

The following table illustrates the effect of leverage on returns from an investment in our shares assuming various annual returns on our portfolio, net of expenses. The calculations in the table below are hypothetical, and actual returns may be higher or lower than those appearing in the table below.

Share Price [Table Text Block]

The following table sets forth, for each fiscal quarter since our common stock began trading on the NYSE on January 25, 2024, the range of high and low sales price of our common stock as reported on the NYSE and the sales price as a percentage of the NAV per share of our common stock. Price Range Period NAV (1) High Low High Sales Price Premium (Discount) to Net Asset Value (2) Low Sales Price Premium (Discount) to Net Asset Value (2) For the Year Ended December 31, 2024 First Quarter $ 18.21 $ 18.10 $ 16.00 (0.60) % (12.14) % Second Quarter $ 18.03 $ 18.10 $ 16.96 0.39 % (5.93) % Third Quarter $ 18.15 $ 18.00 $ 16.40 (0.83) % (9.64) % Fourth Quarter $ 18.18 $ 17.80 $ 16.50 (2.09) % (9.24) % ___________ (1) NAV per share is determined as of the last day in the relevant quarter and therefore may not reflect the NAV per share on the date of the high and low sales prices. The NAVs shown are based on outstanding shares at the end of each relevant quarter. (2) Calculated as the respective high or low closing sales price less NAV, divided by NAV (in each case, as of the applicable quarter).

Lowest Price or Bid

$ 16.40

$ 16.96

$ 16

$ 16.50

Highest Price or Bid

$ 18

$ 18.10

$ 18.10

$ 17.80

Highest Price or Bid, Premium (Discount) to NAV [Percent]

(0.83%)

0.39%

(0.60%)

(2.09%)

Lowest Price or Bid, Premium (Discount) to NAV [Percent]

(9.64%)

(5.93%)

(12.14%)

(9.24%)

Share Price

$ 18.05

$ 18.05

$ 18.19

$ 18.03

$ 18.14

$ 18.79

$ 18.88

$ 19.42

$ 19.46

$ 19.58

$ 19.40

$ 19.28

$ 19.17

$ 19.33

$ 18.96

$ 19.09

$ 18.71

$ 18.91

$ 18.09

$ 18.70

$ 20

$ 20

NAV Per Share

$ 18.15

$ 18.03

$ 18.21

$ 18.18

$ 18.13

$ 18.32

$ 19.39

$ 18.74

$ 20

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt [Table Text Block]

Secured Borrowings See Note 6 to the consolidated financial statements in Part II, Item 8 of this Annual Report on Form 10-K for more information on our secured borrowings. Subscription Facility On September 10, 2020, we entered into a revolving credit agreement (the “Subscription Facility Agreement” and the facility thereunder, the “Subscription Facility”) with Sumitomo Mitsui Banking Corporation (“SMBC”), as the administrative agent for certain secured parties, the syndication agent, the lead arranger, the book manager, the letter of credit issuer and the lender. The Subscription Facility had a maximum commitment of $50 million, subject to availability under the "Borrowing Base." The Borrowing Base was calculated based on the unfunded capital commitments of certain investors that had subscribed to purchase shares of the Company, to the extent the capital commitments of such investors also had been approved by SMBC for inclusion in the Borrowing base and met certain additional criteria. The Subscription Facility Agreement expired on September 8, 2023, and we fully paid down the outstanding balance including the accrued interest expense. Wells Fargo Financing Facility On December 31, 2019, a wholly owned subsidiary of the Company entered into a credit agreement ("the “Wells Fargo Financing Facility” and the agreement relating thereto, as amended from time to time, the “Wells Fargo Financing Facility Agreement”), with Wells Fargo Bank, N.A. as lender (“Wells Fargo”) and administrative agent. The Wells Fargo Financing Facility Agreement was amended on October 28, 2020, March 31, 2022, March 14, 2024 and August 27, 2024. The most recent amendment on August 27, 2024, among other things, increased the maximum facility amount available from $150 million to $225 million. The Wells Fargo Financing Facility reinvestment period expires on March 31, 2025 and has a maturity date of March 31, 2027. The Wells Fargo Financing Facility Agreement also requires the Company to maintain an asset coverage ratio equal to at least 1.50:1.00. The amount of the borrowings under the Wells Fargo Financing Facility equals the amount of the outstanding advances. Advances under the Wells Fargo Financing Facility may be prepaid and reborrowed at any time during the reinvestment period, but any termination or reduction of the facility amount prior to the first anniversary of the date of the amendment (subject to certain exceptions) is subject to a commitment reduction fee of 1%. Under the Wells Fargo Financing Facility Agreement, we paid a fee on daily undrawn amounts under the Wells Fargo Financing Facility of 0.25% per annum during the period ended June 14, 2024. For the six months following June 14, 2024, the Company paid a fee on daily undrawn amounts under the Wells Fargo Facility of 0.50% per annum. and, thereafter, pays 0.50% per annum on undrawn amounts of up to 40% of the maximum facility amount and 1.50% per annum on undrawn amounts in excess of 40% of the maximum facility amount. As of December 31, 2024 and December 31, 2023, the Wells Fargo Financing Facility bore interest at a rate of SOFR, reset daily, plus 2.20% per annum. On March 14, 2024, SPV V entered into the borrower joinder agreement to become party to the Wells Fargo Financing Facility Agreement and pledged all of its assets to the collateral agent to secure their obligations under the Wells Fargo Financing Facility. The Company and SPV V have made customary representations and warranties and are required to comply with various financial covenants related to liquidity and other maintenance covenants, reporting requirements and other customary requirements for similar facilities. The Wells Fargo Financing Facility was terminated subsequent to fiscal year ended December 31, 2024. See " Recent Developments " for more information. SMBC Financing Facility On November 24, 2020, a wholly owned subsidiary of the Company entered into a senior secured revolving credit facility (the “SMBC Financing Facility” and the agreement relating thereto the “SMBC Financing Facility Agreement”) with SMBC, as the administrative agent, the collateral agent and the lender. On October 19, 2023, SPV IV entered into the borrower joinder agreement (the “SMBC Joinder”) to become party to the SMBC Financing Facility Agreement. The SMBC Financing Facility Agreement was amended on December 23, 2021, June 29, 2022 and November 21, 2023. The most recent amendment on November 21, 2023 (the "SMBC Financing Facility Amendment"), among other things: (i) extended the reinvestment period from November 24, 2023 to November 24, 2024 and the stated maturity date from November 24, 2025 to November 24, 2026; (ii) changed the interest rate for loans under the SMBC Financing Facility Agreement from (A) either the Base Rate (as defined in the SMBC Financing Facility Agreement) plus 1.15% or the Term SOFR (as defined in the SMBC Financing Facility Agreement) plus 2.15% to (B) either the Base Rate plus 1.65% or Term SOFR plus 2.65%; (iii) reduced the maximum facility amount from $300 million to $150 million upon the occurrence of a permitted securitization, subject to a subsequent increase to $250 million, in the sole discretion of the administrative agent, if so requested by the borrowers; and (iv) provided for an unused commitment fee of, from the three month anniversary of the SMBC Financing Facility Amendment date to the six month anniversary of the SMBC Financing Facility Amendment date, 0.50% per annum on the unused commitments and on or after the six month anniversary of the SMBC Financing Facility Amendment date, 0.50% per annum on the unused commitments if such unused commitments are less than 50% of the total commitments and 1.00% per annum on the unused commitments if such unused commitments are greater than or equal to 50% of the total commitments. In connection with the SMBC Financing Facility Amendment, the borrowers paid an extension fee of $450 thousand plus an annualized fee of 0.30% multiplied by $150 million based on the length of time (in years) until the occurrence of a permitted securitization. Advances under the SMBC Financing Facility Agreement may be prepaid and reborrowed at any time during the reinvestment period. Effective December 7, 2023, following the closing of the 2023 Debt Securitization (discussed further below), the maximum facility amount available was reduced to $150 million from $300 million and SPV IV began borrowing under the SMBC Financing Facility. On November 5, 2024, the Company terminated in full the SMBC Financing Facility Agreement and the SMBC Financing Facility thereunder. In connection with the termination of the SMBC Financing Facility, the Company also terminated the security interest over the collateral granted to SMBC and the lenders pursuant to the SMBC Financing Facility Agreement. The SMBC Financing Facility was terminated concurrent with the satisfaction of all obligations and liabilities of the Company to the lenders thereunder, including, without limitation, payments of principal and interest, other fees, breakage costs and other amounts owing to the lenders. Revolving Credit Facility On June 23, 2023, we entered into a senior secured revolving credit agreement (the “Senior Secured Revolving Credit Agreement” and facility thereunder, the “Revolving Credit Facility” and together with the Wells Fargo Financing Facility, the “Financing Facilities”) with SMBC as the lender, administrative agent, and one of the lead arrangers along with Wells Fargo. The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain of our subsidiaries that are formed or acquired in the future (collectively, the “Guarantors”). The Revolving Credit Facility was amended on April 9, 2024 and October 4, 2024. The most recent amendment on October 4, 2024 ("the Revolving Credit Facility Amendment"), among other things, (i) extended the Commitment Termination Date and Final Maturity Date (each as defined below); (ii) added a term loan tranche: (iii) increased the total committed facility amount from $250 million to $325 million and (iv) reduced (a) the applicable margin with respect to the SONIA borrowings from 2.125% to 2.00% and (b) the credit spread adjustment from 0.15% to 0.10% for Term SOFR borrowings with a three-month tenor and from 0.25% to 0.10% for Term SOFR borrowings with a six-month tenor and (c) the applicable margin with respect to all other permitted borrowing rates, from 1.125% to 1.000%. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each guarantor, subject to certain exceptions, and includes a $25 million limit for swingline loans. The availability period under the Revolving Credit Facility will terminate on October 4, 2028 (the “Commitment Termination Date”) and will mature on October 4, 2029 (the “Final Maturity Date”). During the period from the Commitment Termination Date to the Final Maturity Date, the Company will be obligated to make mandatory prepayments out of the proceeds of certain asset sales and other recovery events and equity and debt issuances. We may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn in U.S. dollars will bear interest at either term SOFR plus a margin, or the prime rate plus a margin. We may elect either the term SOFR or prime rate at the time of drawdown, and loans denominated in U.S. dollars may be converted from one rate to another at any time at our option, subject to certain conditions. Amounts drawn in other permitted currencies will bear interest at the relevant rate specified therein plus an applicable margin. We also will pay a fee of 0.375% per annum on average daily undrawn amounts. As of December 31, 2024, the Revolving Credit Facility bore interest at one-month SOFR plus 2.00% per annum. As of December 31, 2023, the Revolving Credit Facility bore interest at one-month SOFR plus 2.25% per annum. The Senior Secured Revolving Credit Agreement includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and certain financial covenants related to asset coverage and minimum shareholders’ equity, as well as customary events of default. CLO-I On May 20, 2022 (the “Closing Date”), the Company completed a $448.3 million term debt securitization (the “2022 Debt Securitization”). Term debt securitization is also known as a collateralized loan obligation and is a form of secured financing incurred by the Company. The notes offered in the 2022 Debt Securitization (the “2022 Notes”) were issued by CLO-I, an indirect, wholly owned, consolidated subsidiary of the Company. The 2022 Notes consist of $199.0 million of AAA Class A-1 2022 Notes, which bear interest at the three-month Term SOFR plus 1.80%; $34.3 million of AAA Class A-1F 2022 Notes, which bear interest at 4.42%; $47.3 million of AA Class B 2022 Notes, which bear interest at the three-month Term SOFR plus 2.30%; $31.5 million of A Class C 2022 Notes, which bear interest at the three-month Term SOFR plus 3.15%; $27.0 million of BBB Class D 2022 Notes, which bear interest at the three-month Term SOFR plus 4.15%; and approximately $79.3 million of Subordinated 2022 Notes, which do not bear interest. The Company directly owns all of the BBB Class D 2022 Notes and the Subordinated 2022 Notes and as such, these notes are eliminated in consolidation. As part of the 2022 Debt Securitization, CLO-I also entered into a loan agreement (the “CLO-I Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-I Loan Agreement as lenders (the “Lenders”) committed to make $30.0 million of AAA Class A-L 2022 Loans to CLO-I (the “2022 Loans” and, together with the 2022 Notes, the “2022 Debt”). The 2022 Loans bear interest at the three-month Term SOFR plus 1.80% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all of the Class A-L 2022 Loans held by such Lenders into Class A-1 2022 Notes upon written notice to CLO-I in accordance with the CLO-I Loan Agreement. The 2022 Debt is backed by a diversified portfolio of senior secured and second lien loans. Through April 20, 2026, all principal collections received on the underlying collateral may be used by CLO-I to purchase new collateral under the direction of the Company, in its capacity as collateral manager of CLO-I and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2022 Debt Securitization. The 2022 Notes are due on April 20, 2034. The 2022 Loans are scheduled to mature, and, unless earlier repaid, the entire unpaid principal balance thereof is due and payable on April 20, 2034. The 2022 Debt is the secured obligation of CLO-I, and the indenture and the CLO-I Loan Agreement, as applicable, governing the 2022 Debt includes customary covenants and events of default. The 2022 Debt has not been, and will not be, registered under the Securities Act, or any state “blue sky” laws. The Company serves as collateral manager to CLO-I under a collateral management agreement (the “Collateral Management Agreement”) and has waived the management fee due to it in consideration for providing these services. CLO-II On December 7, 2023 (the “Closing Date”), the Company completed a $298.1 million term debt securitization (the “2023 Debt Securitization”). The notes offered in the 2023 Debt Securitization (the “2023 Notes”) were issued by CLO-II, an indirect, wholly owned, consolidated subsidiary of the Company. The 2023 Notes consist of $2.0 million of AAA Class X 2023 Notes, which bear interest at the three-month Term SOFR plus 2.00%, $100.5 million of AAA Class A-1 2023 Notes, which bear interest at the three-month Term SOFR plus 2.35%; $37.5 million of AA Class B 2023 Notes, which bear interest at three-month Term SOFR plus 3.20% and approximately $83.1 million of Subordinated 2023 Notes, which do not bear interest. The Company directly owns all of the Subordinated 2023 Notes and as such, these notes are eliminated in consolidation. As part of the 2023 Debt Securitization, CLO-II also entered into a loan agreement (the “CLO-II Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-II Loan Agreement as lenders (the “Lenders”) committed to make $25.0 million of AAA Class A-L-A 2023 Loans and $50.0 million AAA Class A-L-B 2023 Loans to CLO-II (the “2023 Loans” and, together with the 2023 Notes, the “2023 Debt”). The 2023 Loans bear interest at the three-month Term SOFR plus 2.35% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all or a portion of the Class A-L-A 2023 Loans held by such Lenders into Class A-1 2023 Notes upon written notice to CLO-II in accordance with the CLO-II Loan Agreement. The 2023 Debt is backed by a diversified portfolio of senior secured and second lien loans. Through January 20, 2028, all principal collections received on the underlying collateral may be used by CLO-II to purchase new collateral under the direction of the Company, in its capacity as collateral manager of CLO-II and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2023 Debt Securitization. The 2023 Notes are due on January 20, 2036. The 2023 Loans are scheduled to mature, and, unless earlier repaid, the entire unpaid principal balance thereof is due and payable on January 20, 2036. The 2023 Debt is the secured obligation of CLO-II, and the indenture and the CLO-II Loan Agreement, as applicable, governing the 2023 Debt includes customary covenants and events of default. The 2023 Debt has not been, and will not be, registered under the Securities Act, or any state “blue sky” laws. The Company serves as collateral manager to CLO-II under a collateral management agreement (the “Collateral Management Agreement”) and has waived the management fee due to it in consideration for providing these services. CLO-III On March 14, 2024 (the “Closing Date”), the Company completed a $297.0 million term debt securitization (the “2024 Debt Securitization”). The notes offered in the 2024 Debt Securitization (the “2024 Notes” or “2024 Debt”) were issued by Churchill NCDLC CLO-III, LLC (formerly known as Nuveen Churchill BDC SPV III, LLC) (the “2024 Issuer”), a direct, wholly owned, consolidated subsidiary of the Company, pursuant to an indenture (the “Indenture”) dated as of the Closing Date. The 2024 Notes consist of $2.0 million of AAA Class X 2024 Notes, which bear interest at the three-month Term SOFR plus 1.40%; $175.5 million of AAA Class A 2024 Notes, which bear interest at the three-month Term SOFR plus 2.00%; $37.5 million of AA Class B 2024 Notes, which bear interest at the three-month Term SOFR plus 2.65%; and $82.0 million of Subordinated 2024 Notes, which do not bear interest. The Company directly retained all of the Subordinated 2024 Notes and as such, these notes are eliminated in consolidation. The 2024 Notes are backed by a diversified portfolio of senior secured and second lien loans. The Indenture contains certain conditions pursuant to which loans can be acquired by the 2024 Issuer, in accordance with rating agency criteria or as otherwise agreed with certain institutional investors who purchased the 2024 Notes. Through April 20, 2028, all principal collections received on the underlying collateral may be used by the 2024 Issuer to purchase new collateral under the direction of the Company, in its capacity as collateral manager of the 2024 Issuer and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2024 Debt Securitization. The 2024 Notes are due on April 20, 2036. The 2024 Notes are the secured obligation of the 2024 Issuer, and the Indenture governing the 2024 Notes includes customary covenants and events of default. The 2024 Notes have not been, and will not be, registered under the Securities Act of 1933, as amended, or any state “blue sky” laws and may not be offered or sold in the United States absent registration with the Securities and Exchange Commission or applicable exemption from registration. The Company serves as collateral manager to the 2024 Issuer under a collateral management agreement (the “Collateral Management Agreement”) and has waived any management fee due to it in consideration for providing these services.

Long Term Debt, Dividends and Covenants [Text Block]

The Senior Secured Revolving Credit Agreement includes customary covenants, including certain limitations on the incurrence by the Company of additional indebtedness and on the Company’s ability to make distributions to its shareholders, or redeem, repurchase or retire shares of stock, upon the occurrence of certain events, and certain financial covenants related to asset coverage and minimum shareholders’ equity, as well as customary events of default.

Business And Structure Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks related to our business and structure. • We depend upon the senior management of Churchill for our success, and upon its access to the investment professionals of Nuveen and its affiliates. • There may be conflicts related to obligations that senior investment professionals of Churchill and members of its investment committee have to other clients. There may be conflicts related to the investment and related activities of TIAA, Nuveen and Churchill. • The recommendations given to us by Churchill may differ from those rendered to its other clients. • Our management and incentive fee structure may create incentives for Churchill and certain of its investment professionals that are not fully aligned with the interests of our shareholders. • Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us. • We will be subject to U.S. federal income tax imposed at corporate rates if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code. • Regulations governing our operation as a BDC affect our ability to and the way in which we raise additional capital. • We are exposed to risks associated with changes in interest rates. • Many of our portfolio investments will be recorded at fair value as determined in good faith by the Adviser, and, as a result, there may be uncertainty as to the value of our portfolio investments. • We may experience fluctuations in our quarterly operating results. • Global economic, political and market conditions may adversely affect our business or cause us to alter our business strategy. • We are currently operating in a period of significant market disruption and economic uncertainty, which may have a negative impact on our business, financial condition and operations. • New or modified laws or regulations governing our operations could adversely affect our business. •

Operation Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks related to our operations. • Economic recessions or downturns could impair our portfolio companies and harm our operating results. • We intend to invest in middle market, privately owned companies, which may present a greater risk of loss than loans to larger companies. • We may be subject to risks associated with our investments in Senior Loans, unitranche secured loans and securities, junior debt securities, “covenant-lite” loans and equity-related securities. • The lack of liquidity in our investments may adversely affect our business. • Defaults by our portfolio companies will harm our operating results.

Investment In Common Stock Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks related to an investment in our common stock. • Purchases of our shares of common stock by us under the Company 10b5-1 Plan may result in the price of our shares of common stock being higher than the price might otherwise exist in the open market and may result in dilution in our NAV per share. • Sales of substantial amounts of our common stock in the public market may have an adverse effect on the market price of our common stock.

Investment In Unsecured Notes Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks relating to an investment in our unsecured notes. • The March 2030 Notes are unsecured and therefore are effectively subordinated to any existing and future secured indebtedness, including indebtedness under the Revolving Credit Facility. The March 2030 Notes are structurally subordinated to the indebtedness and other liabilities of our subsidiaries, including the SMBC Financing Facility and the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization. • We may not be able to repurchase the March 2030 upon a Change of Control Repurchase Event. • If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the March 2030 Notes.

Economic Uncertainty, Capital Markets And Credit Markets Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are currently operating in a period of significant market disruption and economic uncertainty, which may have a negative impact on our business, financial condition and operations. An extended disruption in the capital markets and the credit markets could negatively affect our business. From time to time, capital markets may experience periods of disruption and instability. The U.S. capital markets have experienced extreme volatility and disruption following the global outbreak of COVID-19 that began in December 2019, the conflict between Russia and Ukraine that began in late February 2022 and the ongoing war in the Middle East. Even after the COVID-19 pandemic subsided, the U.S. economy, as well as most other major economies, have continued to experience unpredictable economic conditions, and we anticipate our businesses would be materially and adversely affected by any prolonged economic downturn or recession in the United States and other major markets. In addition, disruptions in the capital markets have increased the spread between the yields realized on risk-free and higher risk securities, resulting in illiquidity in parts of the capital markets. The current economic conditions have resulted in an adverse impact on the ability of lenders to originate loans, the volume and type of loans originated, the ability of borrowers to make payments and the volume and type of amendments and waivers granted to borrowers and remedial actions taken in the event of a borrower default, each of which could negatively impact the amount and quality of loans available for investment by the Company and returns to the Company, among other things. The U.S. credit markets (in particular for middle market loans) have experienced the following, among other things: (i) increased draws by borrowers on revolving lines of credit and other financing instruments; (ii) increased requests by borrowers for amendments and waivers of their credit agreements to avoid default, increased defaults by such borrowers and/or increased difficulty in obtaining refinancing at the maturity dates of their loans and increased uses of PIK features; and (iii) greater volatility in pricing and spreads and difficulty in valuing loans during periods of increased volatility, and liquidity issues. These conditions and future market disruptions and/or illiquidity could have an adverse effect on our (and our portfolio companies’) business, financial condition, results of operations and cash flows. Ongoing unfavorable economic conditions may increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to our portfolio companies and/or us. These events have limited and could continue to limit our investment originations, limit our ability to grow and have a material negative impact on our operating results and the fair values of our debt and equity investments. We may have to access, if available, alternative markets for debt and equity capital, and a severe disruption in the global financial markets, deterioration in credit and financing conditions, continued increase in interest rates or uncertainty regarding U.S. government spending and deficit levels or other global economic conditions could have a material adverse effect on our business, financial condition and results of operations. While we intend to continue to source and invest in new loan transactions to U.S. middle market companies, we cannot be certain that we will be able to do so successfully or consistently. A lack of suitable investment opportunities may impair our ability to make new investments, and may negatively impact our earnings and result in decreased dividends to our shareholders. If current economic conditions continue for an extended period of time, loan delinquencies, loan non-accruals, problem assets, and bankruptcies may increase. In addition, collateral for our loans may decline in value, which could cause loan losses to increase and the net worth and liquidity of loan guarantors could decline, impairing their ability to honor commitments to us. An increase in loan delinquencies and non-accruals or a decrease in loan collateral and guarantor net worth could result in increased costs and reduced income which would have a material adverse effect on our business, financial condition or results of operations. We also continue to observe supply chain interruptions, labor difficulties, commodity inflation and elements of economic and financial market instability both globally and in the United States, which could adversely impact our results of operations and financial condition. We will need to raise additional capital in the future in order to continue to make investments in accordance with our business and investing strategy and to pursue new business opportunities. Ongoing disruptive conditions in the financial industry and the impact of new legislation in response to those conditions could restrict our business operations and could adversely impact our results of operations and financial condition. In addition, we generally are required to distribute at least 90% of our net ordinary income and net short-term capital gains in excess of net long-term capital losses, if any, to our shareholders to qualify for the tax benefits available to RICs. As a result, these earnings will not be available to fund new investments. An inability to access the capital markets successfully could limit our ability to grow our business and execute our business strategy fully and could decrease our earnings, if any, which may have a material adverse effect on our business, results of operations and financial performance. We cannot be certain as to the duration or magnitude of the ongoing economic condition in the markets in which we and our portfolio companies operate and corresponding declines in economic activity that may negatively impact the U.S. economy and the markets for the various types of goods and services provided by U.S. middle market companies. Depending on the duration, magnitude and severity of these conditions and their related economic and market impacts, certain of our portfolio companies may suffer declines in earnings and could experience financial distress, which could cause them to default on their financial obligations to us and their other lenders. In consideration of these and related factors, we have downgraded our internal ratings with respect to certain companies and may make additional downgrades with respect to other portfolio companies in the future as conditions warrant and new information becomes available.

Financial Condition And Results Of Operations Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our financial condition and results of operations depend on our ability to manage our business effectively. Our ability to achieve our investment objective and grow depends on our ability to manage our business. This depends, in turn, on the ability of Churchill to identify, invest in and monitor companies that meet our investment criteria. The achievement of our investment objective depends upon Churchill’s execution of our investment process, their ability to provide competent, attentive and efficient services to us and, to a lesser extent, our access to financing on acceptable terms. Churchill is responsible for the day-to-day portfolio management of the Company under the CAM Sub-Advisory Agreement. The origination professionals and other personnel of Churchill and its affiliates may be called upon to provide managerial assistance to our portfolio companies. These activities may distract them or slow our rate of investment. Any failure to manage our business and our future growth effectively could have a material adverse effect on our business, financial condition and results of operations. Our results of operations depend on many factors, including the availability of opportunities for investment, readily accessible short and long-term funding alternatives in the financial markets and economic conditions. Furthermore, if we cannot successfully operate our business or implement our investment policies and strategies, it could negatively impact our ability to pay dividends or other distributions and you may lose all or part of your investment.

Market For Investment Opportunities Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We operate in a highly competitive market for investment opportunities, which could reduce returns and result in losses. We compete with a number of specialty and commercial finance companies to make the types of investments that we make in middle market companies, including BDCs, traditional commercial banks, private investment funds, regional banking institutions, small business investment companies, investment banks and insurance companies. Additionally, with increased competition for investment opportunities, alternative investment vehicles such as hedge funds may seek to invest in areas they have not traditionally invested in or from which they had withdrawn during the economic downturn, including investing in middle market companies. As a result, competition for investments in middle market companies has intensified, and we expect that trend to continue. Certain of our existing and potential competitors are large and may have greater financial, technical and marketing resources than we do. For example, some competitors may have a lower cost of funds and access to funding sources that are not available to us. In addition, some of our competitors may have higher risk tolerances or different risk assessments, which could allow them to consider a wider variety of investments and establish more relationships than us. These characteristics could allow our competitors to consider a wider variety of investments, establish more relationships and offer better pricing and more flexible structuring than we offer. We may lose investment opportunities if we do not match our competitors’ pricing, terms and structure. If we are forced to match our competitors’ pricing, terms and structure, however, we may not be able to achieve acceptable returns on our investments or may bear substantial risk of capital loss. Furthermore, many of our competitors are not subject to the regulatory restrictions that the 1940 Act imposes on us as a BDC or the source-of-income, asset diversification and distribution requirements we must satisfy to obtain and maintain our RIC tax treatment. The competitive pressures we face may have a material adverse effect on our business, financial condition and results of operations. As a result of this competition, we may not be able to take advantage of attractive investment opportunities from time to time, and we may not be able to identify and make investments that are consistent with our investment objective.

Inflation Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Inflation may adversely affect the business, results of operations and financial condition of our portfolio companies, which may, in turn, impact the valuation of such portfolio companies. Certain of our portfolio companies may be impacted by inflation, which may, in turn, impact the valuation of such portfolio companies. If such portfolio companies are unable to pass any increases in their costs along to their customers, it could adversely affect their results and their ability to pay interest and principal on our loans, particularly if interest rates rise in response to inflation. In addition, any projected future decreases in our portfolio companies’ operating results due to inflation could adversely impact the fair value of those investments. Any decreases in the fair value of our investments could result in future unrealized losses and therefore reduce our net assets resulting from operations.

Hedging Transactions Risks [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are exposed to risks associated with hedging transactions. We seek to hedge against interest rate and credit risk by using structured financial instruments such as interest rate swaps, subject to the requirements of the 1940 Act. Use of structured financial instruments for hedging purposes may present significant risks, including the risk of loss of the amounts invested. Defaults by the other party to a hedging transaction can result in losses in the hedging transaction. Hedging activities also involve the risk of an imperfect correlation between the hedging instrument and the asset being hedged, which could result in losses both on the hedging transaction and on the instrument being hedged. Use of hedging activities may not prevent significant losses and could increase our losses. Further, hedging transactions may reduce cash available to pay distributions to our shareholders. The success of our hedging strategy will depend on our ability to correctly identify appropriate exposures for hedging. In connection with our issuance of the March 2030 Notes, which bear interest at a fixed rate, we entered into interest rate swaps to continue to align the interest rates of our liabilities with our investment portfolio, which predominately consists of floating rate loans. In addition, the degree of correlation between price movements of the instruments used in a hedging strategy and price movements in the portfolio positions being hedged may vary, as may the time period in which the hedge is effective relative to the time period of the related exposure.

Quarterly Operating Results Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may experience fluctuations in our quarterly operating results. We could experience fluctuations in our quarterly operating results due to a number of factors, including our ability or inability to make investments in companies that meet our investment criteria, the interest rate payable on the debt securities we acquire and the default rate on such securities, the level of our expenses, variations in and the timing of the recognition of realized and unrealized gains or losses, the degree to which we encounter competition in the markets in which we operate and general economic conditions. As a result of these factors, results for any period should not be relied upon as being indicative of performance in future periods.

Global Climate Change Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The effect of global climate change may impact the operations and valuation of our portfolio companies. Climate change creates physical and financial risk and some of our portfolio companies may be adversely affected by climate change. For example, the needs of customers of energy companies vary with weather conditions, primarily temperature and humidity. To the extent weather conditions are affected by climate change, energy use could increase or decrease depending on the duration and magnitude of any changes. Increases in the cost of energy could adversely affect the cost of operations of our portfolio companies if the use of energy products or services is material to their business. A decrease in energy use due to weather changes may affect some of our portfolio companies’ financial condition through, for example, decreased revenues, which may, in turn, impact the valuation of such portfolio companies. Extreme weather events (including wildfires, droughts, hurricanes, and floods) in general require more system backup, adding to costs, and can contribute to increased system stresses, including service interruptions, which, in turn, may impact the business operations of our portfolio companies. Some of our portfolio companies may periodically become subject to new or strengthened regulations or legislation to address global climate change, which could increase their operating costs and/or decrease their revenues, which may, in turn, impact their ability to make payments on our investments.

Environmental, Social And Governance Risks [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Environmental, social and governance factors may adversely affect our business or cause us to alter our business strategy. Our business faces increasing public scrutiny related to ESG activities. We risk damage to our brand and reputation if we fail to act responsibly in a number of areas, such as environmental stewardship, corporate governance and transparency, and the consideration of ESG factors in our investment processes. Additionally, we risk damage to our brand and reputation if Churchill fails to originate, underwrite and manage assets on our behalf consistent with its ESG disclosures and practices. Adverse incidents with respect to ESG activities could impact the value of Churchill's and the Company's brand, the cost of our operations, and relationships with investors, all of which could adversely affect our business and results of operations. Additionally, new regulatory initiatives related to ESG could adversely affect our business. On the other hand, we may similarly face damage to our brand or reputation if we do not adequately address differing stakeholder and regulator perspectives on ESG policies and disclosure. Some stakeholders and regulators have increasingly expressed or pursued opposing views, legislation and investment expectations with respect to ESG initiatives. This divergence increases the risk that any action or lack thereof with respect to ESG matters will be perceived negatively by at least some stakeholders and could adversely impact our reputation and business. Rules, regulations and stakeholder expectations concerning ESG matters have been subject to increased attention and shifting focus in recent years. If Churchill fails or is perceived to fail to comply with applicable rules, regulations and stakeholder expectations, it could negatively impact our reputation and our business results. Regional and investor specific sentiment may differ in what constitutes a material positive or negative ESG corporate practice. There is no guarantee that Churchill’s ESG and sustainability practices will uniformly fit every investor’s definition of best practices for all environmental, social and governance considerations across geographies and investor types. If we do not successfully manage expectations across varied stakeholder interests, it could erode stakeholder trust, impact our reputation and constrain our investment opportunities. Churchill’s consideration of ESG factors could, to the extent material economic risks or opportunities associated with an investment are identified, cause Churchill to consider taking a different action than may have been taken in the absence of such consideration, which could cause us to perform differently compared to funds or other investors that do not consider such risks and opportunities. Although Churchill’s view is that considering ESG factors as part of the investment process could potentially enhance or protect the performance of investments over the long-term, Churchill cannot guarantee that any consideration of ESG factors will positively impact the performance of the Company.

ESG-Related Risks [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The data we use to make ESG-related determinations may not guarantee that our investments satisfy applicable ESG criteria. Churchill receives ESG-related data from third parties and evaluates potential investments in part based on third party ESG rating systems. The criteria used in these ratings systems may conflict with actual results and may change frequently. We cannot predict how these third parties will score our portfolio companies nor can we have any assurance that they score our portfolio companies accurately.

U.S. Credit Rating Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Downgrades of the U.S. credit rating, impending automatic spending cuts or government shutdowns could negatively impact our liquidity, financial condition and earnings. U.S. debt ceiling and budget deficit concerns have increased the possibility of credit-rating downgrades or a recession in the United States. U.S. lawmakers have passed legislation to raise the federal debt ceiling on multiple occasions, but there is no guarantee that any such legislation will be passed in the future. Despite taking action to suspend the debt ceiling, ratings agencies have threatened to lower the long-term sovereign credit rating on the United States, including Fitch downgrading the U.S. government’s credit rating from AAA to AA+ in August 2023 and Moody’s lowering the U.S. government’s credit rating outlook from “stable” to “negative” in November 2023. There is no guarantee that there will not be a further downgrade in the future. The impact of the increased debt ceiling and/or downgrades to the U.S. government’s sovereign credit rating or its perceived creditworthiness could adversely affect the U.S. and global financial markets and economic conditions. These developments could cause interest rates and borrowing costs to rise, which may negatively impact our ability to access the debt markets on favorable terms. In addition, disagreement over the federal budget has caused the U.S. federal government to shut down for periods of time, and may lead to additional shutdowns in the future. Continued adverse political and economic conditions could have a material adverse effect on our business, financial condition and results of operations.

Global Economic, Political And Market Conditions Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Global economic, political and market conditions may adversely affect our business or cause us to alter our business strategy. The current worldwide financial market situation, as well as various social and political tensions in the United States and around the world, may contribute to increased market volatility, may have long-term effects on the U.S. and worldwide financial markets, and may cause economic uncertainties or deterioration in the United States and worldwide. The U.S. and global capital markets experienced extreme volatility and disruption during the economic downturn that began in mid-2007, and the U.S. economy was in a recession for several consecutive calendar quarters during the same period. In 2010, a financial crisis emerged in Europe, triggered by high budget deficits and rising direct and contingent sovereign debt, which created concerns about the ability of certain nations to continue to service their sovereign debt obligations. Risks resulting from such debt crisis, including any austerity measures taken in exchange for bailout of certain nations, and any future debt crisis in Europe or any similar crisis elsewhere could have a detrimental impact on the global economic recovery, sovereign and non-sovereign debt in certain countries and the financial condition of financial institutions generally. On January 31, 2020, the United Kingdom ended its membership in the European Union, referred to as Brexit. Following the termination of a transition period, the United Kingdom and the European Union entered into a trade and cooperation agreement to govern the future relationship between the parties, which entered into force on May 1, 2021 following ratification by the European Union. In addition, on December 24, 2020, the European Union and United Kingdom governments signed a trade deal that governs the relationship between the United Kingdom and the European Union (the “Trade Agreement”). The Trade Agreement implements significant regulation around trade, transport of goods and travel restrictions between the United Kingdom and the European Union.

Modified Laws Or Regulations [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

New or modified laws or regulations governing our operations could adversely affect our business. We and our portfolio companies are subject to regulation by laws at the U.S. federal, state and local levels. These laws and regulations, as well as their interpretation, could change from time to time, including as the result of interpretive guidance or other directives from the U.S. President and others in the executive branch, and new laws, regulations and interpretations could also come into effect. Following the November 2024 elections in the United States, the Republican Party controls the Presidency, the Senate and the House of Representatives. Any new or changed laws or regulations, as well as changes in the positions of regulatory agencies, which may lead to changes in the level of oversight in the financial service industry, could have a material adverse effect on our business, and political uncertainty could increase regulatory uncertainty in the near term. The nature, timing and economic effects of any potential changes to the current legal and regulatory framework affecting the financial service industry remains uncertain. The effects of legislative and regulatory proposals directed at the financial services industry or affecting taxation, could negatively impact the operations, cash flows or financial condition of us or our portfolio companies, impose additional costs on us or our portfolio companies, intensify the regulatory supervision of us or our portfolio companies or otherwise adversely affect our business or the business of our portfolio companies. In addition, if we do not comply with applicable laws and regulations, we could lose any licenses that we then hold for the conduct of our business and could be subject to civil fines and criminal penalties. We invest in securities of issuers that are subject to governmental and non-governmental regulations, including by federal and state regulators and various self-regulatory organizations. Companies participating in regulated activities could incur significant costs to comply with these laws and regulations. If a company in which we invest fails to comply with an applicable regulatory regime, it could be subject to fines, injunctions, operating restrictions or criminal prosecution, any of which could materially and adversely affect the value of our investment. Additionally, changes to the laws and regulations governing our operations, including those associated with RICs, could cause us to alter our investment strategy in order to avail ourselves of new or different opportunities or result in the imposition of U.S. federal income taxes on us. Such changes could result in material differences to our strategies and plans and could shift our investment focus from the areas of expertise of Churchill to other types of investments in which Churchill may have little or no expertise or experience. Any such changes, if they occur, could have a material adverse effect on our results of operations and the value of an investment in us. If we invest in commodity interests in the future, the Advisers could determine not to use investment strategies that trigger additional regulation by the U.S. Commodity Futures Trading Commission (“CFTC”) or could determine to operate subject to CFTC regulation, if applicable. If we or the Advisers were to operate subject to CFTC regulation, we could incur additional expenses and would be subject to additional regulation. Over the last several years, there also has been an increase in regulatory attention to the extension of credit outside of the traditional banking sector, raising the possibility that some portion of the non-bank financial sector will be subject to new regulations. While it cannot be known at this time whether any regulation will be implemented or what form it will take, increased regulation of non-bank credit extension could negatively impact our operations, cash flows or financial condition, impose additional costs on us, intensify the regulatory supervision of us or otherwise adversely affect our business, financial condition and results of operations.

Tax Legislation Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We cannot predict how new tax legislation will affect us, our Advisers, our investments, or our shareholders, and any such legislation could adversely affect our business. Legislative or other actions relating to taxes could have a negative effect on us. Matters pertaining to U.S. federal income tax are constantly under review by persons involved in the legislative process, the Internal Revenue Service, and the U.S. Treasury Department. The Trump Administration has proposed significant changes to the Code and existing U.S. federal income tax regulations and there are a number of proposals in Congress that would similarly modify the Code. The likelihood of any such legislation being enacted is uncertain, but new legislation and any U.S. Treasury regulations, administrative interpretations or court decisions interpreting such legislation could have adverse consequences, including affecting our ability to qualify as a RIC or otherwise impacting the U.S. federal income tax consequences applicable to us and our investors. Investors are urged to consult with their tax advisor regarding tax legislative, regulatory, or administrative developments and proposals and their potential effect on an investment in our shares.

U.S Tariff And Import/Export Regulations [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Changes to U.S. tariff and import/export regulations may have a negative effect on our portfolio companies and, in turn, negatively impact us. There has been ongoing discussion and commentary regarding potential significant changes to U.S. trade policies, treaties and tariffs. The current U.S. presidential administration, along with the U.S. Congress, has created significant uncertainty about the future relationship between the United States and certain other countries with respect to trade policies, treaties and tariffs. These developments, or the perception that any of them could occur, may have a material adverse effect on global economic conditions and the stability of global financial markets, and may significantly reduce global trade and, in particular, trade between the impacted nations and the United States. Any of these factors could depress economic activity and restrict our portfolio companies’ access to suppliers or customers or the cost of such goods and have a material adverse effect on their business, financial condition and results of operations, which in turn could negatively impact us.

Board Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The Board may change our investment objective, operating policies and strategies without prior notice or shareholder approval, the effects of which may be adverse. Our Board has the authority, except as otherwise prohibited by the 1940 Act or the Maryland General Corporation Law (“MGCL”), to modify or waive certain of our operating policies and strategies without prior notice and without shareholder approval. However, absent shareholder approval, we may not change the nature of our business so as to cease to be, or withdraw our election as, a BDC. We cannot predict the effect any changes to our current operating policies and strategies would have on our business, operating results and the price value of our shares. Nevertheless, any such changes could adversely affect our business and impair our ability to make distributions.

Terrorist Attacks, Acts Of War, Global Health Emergencies Or Natural Disasters [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Terrorist attacks, acts of war, global health emergencies or natural disasters may affect any market for our shares, impact the businesses in which we invest and harm our business, operating results and financial condition. Terrorist acts, acts of war, global health emergencies or natural disasters may disrupt our operations, as well as the operations of the businesses in which we invest. Such acts have created, and continue to create, economic and political uncertainties and have contributed to global economic instability. Future terrorist activities, military or security operations, global health emergencies or natural disasters could further weaken the domestic/global economies and create additional uncertainties, which may negatively impact the businesses in which we invest directly or indirectly and, in turn, could have a material adverse impact on our business, operating results and financial condition. Losses from terrorist attacks, global health emergencies and natural disasters are generally uninsurable. In late February 2022, Russia launched a large scale military attack on Ukraine. The invasion significantly amplified already existing geopolitical tensions among Russia, Ukraine, Europe, NATO and the West, including the United States. In response to the ongoing military action by Russia, various countries, including the United States, the United Kingdom, and European Union issued broad-ranging economic sanctions against Russia. Additional sanctions may be imposed in the future. Such sanctions (and any future sanctions) and other actions against Russia may adversely impact, among other things, the Russian economy and various sectors of the economy, including but not limited to, financials, energy, metals and mining, engineering and defense and defense-related materials sectors; result in a decline in the value and liquidity of Russian securities; result in boycotts, tariffs, and purchasing and financing restrictions on Russia’s government, companies and certain individuals; weaken the value of the ruble; downgrade the country’s credit rating; freeze Russian securities and/or funds invested in prohibited assets and impair the ability to trade in Russian securities and/or other assets; and have other adverse consequences on the Russian government, economy, companies and region. Further, several large corporations and U.S. states have announced plans to divest interests or otherwise curtail business dealings with certain Russian businesses. In addition, the recent outbreak of hostilities in the Middle East and escalating tensions in the region may create volatility and disruption of global markets. The ramifications of the hostilities and sanctions, however, may not be limited to Russia and the Middle East and Russian and Middle Eastern companies, respectively, but may spill over to and negatively impact other regional and global economic markets (including Europe and the United States), companies in other countries (particularly those that have done business with Russia) and on various sectors, industries and markets for securities and commodities globally, such as oil and natural gas. Accordingly, the actions discussed above and the potential for a wider conflict could increase financial market volatility, cause severe negative effects on regional and global economic markets, industries, and companies and have a negative effect on the Company’s investments and performance, which may, in turn, impact the valuation of such portfolio companies. In addition, parties in such conflicts may take retaliatory actions and other countermeasures, including cyberattacks and espionage against other countries and companies around the world, which may negatively impact such countries and the companies in which we invest. The extent and duration of the military action or future escalation of such hostilities, the extent and impact of existing and future sanctions, market disruptions and volatility, and the result of any diplomatic negotiations cannot be predicted. These and any related events could have a significant impact on our performance and the value of an investment in us.

Cybersecurity Protections Systems [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The failure of cybersecurity protection systems, as well as the occurrence of events unanticipated in our disaster recovery systems and management continuity planning, could impair our ability to conduct business effectively. We, and others in our industry, are the targets of malicious cyber activity, which we work hard to prevent. A successful cyber-attack, whether perpetrated by criminal or state-sponsored actors, against us or our service providers, or an accidental disclosure of non-public information, could have an adverse effect on our ability to conduct business and on our results of operations and financial condition, particularly if those events affect our computer-based data processing, transmission, storage, and retrieval systems or destroy data. If a significant number of the members of our management were unavailable in the event of a disaster, our ability to effectively conduct our business could be severely compromised. The Advisers and third-party service providers with which we do business depend heavily upon computer systems to perform necessary business functions. Despite the implementation of a variety of security measures, computer systems could be subject to unauthorized access, acquisition, use, alteration, or destruction, such as from the insertion of malware (including ransomware), physical and electronic break-ins or unauthorized tampering. The Advisers may experience threats to their data and systems, including malware and computer virus attacks, unauthorized access, system failures and disruptions. If one or more of these events occurs, it could potentially jeopardize the confidential, proprietary, personal and other information processed and stored in, and transmitted through, the Advisers’ computer systems and networks, or otherwise cause interruptions or malfunctions in operations, which could result in damage to our reputation, financial losses, litigation, increased costs, regulatory enforcement action and penalties and/or customer dissatisfaction or loss. Third parties with which we do business are sources of cybersecurity or other technological risks. We outsource certain functions and these relationships allow for the storage and processing of our information, as well as customer, counterparty, employee and borrower information. Cybersecurity failures or breaches by our Advisers and other service providers (including, but not limited to, accountants, custodians, transfer agents and administrators), and the issuers of securities in which we invest, also have the ability to cause disruptions and impact business operations, potentially resulting in financial losses, interference with our ability to calculate our NAV, impediments to trading, the inability of our shareholders to transact business, violations of applicable privacy and other laws, regulatory fines, penalties, reputation damages, reimbursement of other compensation costs, or additional compliance costs. While we engage in actions to reduce our exposure resulting from outsourcing, ongoing threats may result in unauthorized access, acquisition, use, alteration or destruction of data, or other cybersecurity incidents, with increased costs and other consequences, including those described above. In addition, substantial costs may be incurred in order to prevent any cyber incidents in the future. Privacy and information security laws and regulation changes, and compliance with those changes, may result in cost increases due to system changes and the development of new administrative processes. In addition, we may be required to expend significant additional resources to modify our protective measures and to investigate and remediate vulnerabilities or other exposures arising from operational and security risks. Currently, we are covered under TIAA’s insurance policy relating to cybersecurity risks; however, we may be required to expend significant additional resources to modify our protective measures or to investigate and remediate vulnerabilities or other exposures, and we may be subject to litigation and financial losses that are not fully insured. We and our service providers may be impacted by operating restrictions, which may include requiring employees to continue to work from remote locations. Policies of extended periods of remote working, whether by us or our service providers, could strain technology resources, introduce operational risks and otherwise heighten the risks described above. Remote working environments may be less secure and more susceptible to hacking attacks, including phishing and social engineering attempts that seek to exploit weaknesses in a remote work environment. Accordingly, the risks described above are heightened under current conditions, which may continue for an unknown duration.

Bank Relationship Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our business is dependent on bank relationships and recent strain on the banking system may adversely impact us. The financial markets have encountered volatility associated with concerns about the balance sheets of banks, especially small and regional banks that may have significant losses associated with investments that make it difficult to fund demands to withdraw deposits and other liquidity needs. Although the federal government previously announced measures to assist these banks and protect depositors, there can be no assurance that similar measures will be implemented during future periods of volatility. Our business is dependent on bank relationships, including small and regional banks, and we proactively monitor the financial health of banks with which we (or our portfolio companies) do or may in the future do business. To the extent that our portfolio companies work with banks that are negatively impacted by the foregoing, such portfolio companies’ ability to access their own cash, cash equivalents and investments may be threatened. In addition, such affected portfolio companies may not be able to enter into new banking arrangements or credit facilities, or receive the benefits of their existing banking arrangements or credit facilities. Any such developments could harm our business, financial condition, and operating results, and prevent us from fully implementing our investment plan. Continued strain on the banking system may adversely impact our business, financial condition and results of operations.

Electronic Data Systems [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

If the Advisers or the Administrator are unable to maintain the availability of their electronic data systems and safeguard the security of their data, their and our ability to conduct business may be compromised, which could impair liquidity, disrupt business, damage their and our reputation and cause losses. Cybersecurity refers to the combination of technologies, processes, and procedures established to protect information technology systems and data from unauthorized access, attack, or damage. We, the Advisers, and the Administrator are subject to cybersecurity risks. Information cybersecurity risks have significantly increased in recent years and, while we, the Advisers and the Administrator have not experienced any material losses relating to cyber-attacks or other information security breaches, we could suffer such losses in the future. The Advisers’ and the Administrator’s computer systems, software and networks may be vulnerable to unauthorized access, computer viruses or other malicious code, network failures, computer and technology failures, infiltration by unauthorized persons and other security breaches, usage errors by their respective professionals or service providers, or other events that could have a security impact. If one or more of such events occur, this potentially could jeopardize confidential and other information, including nonpublic personal information relating to shareholders (and their beneficial owners) and sensitive business data (including material nonpublic information of our portfolio companies), processed and stored in, and transmitted through, the Advisers’ and the Administrator’s computer systems and networks, or otherwise cause interruptions or malfunctions in our operations or the operations of our customers or counterparties. Breaches such as those involving covertly introduced malware, impersonation of authorized users and industrial or other espionage may not be identified even with sophisticated prevention and detection systems, potentially resulting in further harm and preventing them from being addressed appropriately. This could result in significant losses, reputational damage, litigation, regulatory fines or penalties, or otherwise adversely affect our business, financial condition or results of operations and the business, financial condition or results of operations of the Advisers, the Administrator and their affiliates. Privacy and information security laws and regulation changes, and compliance with those changes, may result in cost increases due to system changes and the development of new administrative processes. In the future, the Advisers, the Administrator and our portfolio companies may be required to expend significant additional resources to modify their protective measures and to investigate and remediate vulnerabilities or other exposures arising from operational and security risks. In addition, we, the Advisers and the Administrator may be subject to litigation and financial losses that are not fully insured. Third parties with which we, the Advisers, the Administrator, and our portfolio companies do business also may be sources of cybersecurity or other technological risks. We outsource certain functions, and these relationships allow for the storage and processing of our information, as well as customer, counterparty, employee and borrower information. While we, the Advisers, the Administrator, and our portfolio companies engage in actions to reduce our exposure resulting from outsourcing, ongoing threats may result in unauthorized access, loss, exposure or destruction of data, or other cybersecurity incidents, with increased costs and other consequences, including those described above. Further, the continued remote working conditions have heightened ours and our portfolio companies' vulnerability to a cybersecurity risk or incident.

Lender Liability Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may incur lender liability as a result of our lending activities. A number of judicial decisions have upheld the right of borrowers and others to sue lending institutions on the basis of various evolving legal theories, collectively termed “lender liability.” Generally, lender liability is founded on the premise that a lender has either violated a duty, whether implied or contractual, of good faith and fair dealing owed to the borrower or has assumed a degree of control over the borrower resulting in the creation of a fiduciary duty owed to the borrower or its other creditors or shareholders. We may be subject to allegations of lender liability, which could be time-consuming and expensive to defend and result in significant liability.

Managerial Assistance Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may incur liability as a result of providing managerial assistance to our portfolio companies. In the course of providing significant managerial assistance to certain portfolio companies, certain of our management and directors may serve as directors on the boards of such companies. To the extent that litigation arises out of investments in these companies, our management and directors may be named as defendants in such litigation, which could result in an expenditure of our funds, through our indemnification of such officers and directors, and the diversion of management time and resources.

Returns Achieved By Senior Management And Investment Personnel [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Churchill may not be able to achieve the same or similar returns as those achieved by our senior management and investment personnel while they were employed at prior positions. The track record and achievements of the senior investment professionals of Churchill are not necessarily indicative of future results that will be achieved by Churchill. As a result, Churchill may not be able to achieve the same or similar returns as those previously achieved by the senior investment professionals of Churchill.

Soft Dollars And Research Received And Conducted [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Soft dollars and research received and conducted on our behalf will be shared by others.

Significant Financial And Other Resources Necessary To Comply [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

There are significant financial and other resources necessary to comply with the requirements of being an SEC reporting entity, and non-compliance may adversely affect us. As a public entity, we are subject to the reporting requirements of the Exchange Act and requirements of the Sarbanes-Oxley Act. These requirements may place a strain on our systems and resources. The Exchange Act requires that we file annual, quarterly and current reports with respect to our business and financial condition. The Sarbanes-Oxley Act requires that we maintain effective disclosure controls and procedures and internal controls over financial reporting, as well as requires that our independent registered public accounting firm to attest to the effectiveness of our internal controls over financial reporting. We also are required to review on an annual basis our internal controls over financial reporting, and evaluate and disclose changes in our internal controls over financial reporting on a quarterly basis. In order to maintain and improve the effectiveness of our disclosure controls and procedures and internal controls, significant resources and management oversight will be required. We have implemented procedures, processes, policies and practices for the purpose of addressing such standards and requirements applicable to public companies. These activities may divert management’s attention from other business concerns, which could have a material adverse effect on our business, financial condition, results of operations and cash flows. We expect to incur significant additional annual expenses related to these act and, among other things, directors’ and officers’ liability insurance, director fees, reporting requirements of the SEC, transfer agent fees, additional administrative expenses payable to the Administrator to compensate them for hiring additional accounting, legal and administrative personnel, increased auditing and legal fees and similar expenses. If we are not able to implement the requirements of the Sarbanes-Oxley Act with adequate compliance, our operations, financial reporting or financial results could be adversely affected. Matters impacting our internal controls may cause us to be unable to report our financial information on a timely basis and thereby subject us to adverse regulatory consequences, including sanctions by the SEC, violations of the NYSE listing rules, and result in a breach of the covenants under the agreements governing any of our financing arrangements. There could also be a negative reaction in the financial markets due to a loss of investor confidence in us and the reliability of our financial statements. Confidence in the reliability of our financial statements could also suffer if we or our independent registered public accounting firm were to report a material weakness in our internal controls over financial reporting. This could materially adversely affect us and lead to a decline in the market price of our shares.

Economic Recessions Or Downturns [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Economic recessions or downturns could impair our portfolio companies and harm our operating results. Many of our portfolio companies will be susceptible to economic slowdowns or recessions, and as a result, may be unable to repay our loans during these periods. Therefore, any non-performing assets are likely to increase and the value of our portfolio is likely to decrease during these periods. Adverse economic conditions may decrease the value of collateral securing some of our loans and the value of our equity investments and could lead to financial losses in our portfolio and a corresponding decrease in revenues, net income and assets. Unfavorable economic conditions also could increase our funding costs, limit our access to the capital markets or result in a decision by lenders not to extend credit to us. These events could prevent us from increasing our investments and harm our operating results. A portfolio company’s failure to satisfy financial or operating covenants imposed by us or other lenders could lead to defaults and, potentially, acceleration of its loans and foreclosure on its assets, which could trigger cross-defaults under other agreements and jeopardize our portfolio company’s ability to meet its obligations under the debt securities that we hold. We may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms with a defaulting portfolio company. It is possible that we could become subject to a lender liability claim, including as a result of actions taken if we or Churchill renders significant managerial assistance to the borrower. Furthermore, if one of our portfolio companies were to file for bankruptcy protection, even though we may have structured our investment as senior secured debt, depending on the facts and circumstances, including the extent to which we or Churchill provided managerial assistance to that portfolio company or otherwise exercise control over it, a bankruptcy court might re-characterize our debt as a form of equity and subordinate all or a portion of our claim to claims of other creditors.

Market Conditions Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Market conditions have materially and adversely affected debt and equity capital markets in the United States and around the world. In the past, the global capital markets experienced periods of disruption resulting in increasing spreads between the yields realized on riskier debt securities and those realized on securities perceived as being risk-free and a lack of liquidity in parts of the debt capital markets, significant write-offs in the financial services sector relating to subprime mortgages and the re-pricing of credit risk in the broadly syndicated market. These events, along with the deterioration of the housing market, illiquid market conditions, declining business and consumer confidence and the failure of major financial institutions in the United States, led to a general decline in economic conditions. This economic decline materially and adversely affected the broader financial and credit markets and reduced the availability of debt and equity capital for the market as a whole and to financial firms in particular. If such a period of disruption were to occur in the future, to the extent that we wish to use debt to fund our investments, the debt capital that will be available to us, if at all, may be at a higher cost, and on terms and conditions that may be less favorable, than what we expect, which could negatively affect our financial performance and results. A prolonged period of market illiquidity may cause us to reduce the volume of loans we originate and/or fund below historical levels and adversely affect the value of our portfolio investments, which could have a material and adverse effect on our business, financial condition, and results of operations. The spread between the yields realized on riskier debt securities and those realized on securities perceived as being risk-free has remained narrow on a relative basis recently. If these spreads were to widen or if there were deterioration of market conditions, these events could materially and adversely affect our business.

Investments In Leveraged Portfolio Companies [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our investments in leveraged portfolio companies may be risky, and we could lose all or part of our investment. Investment in leveraged companies involves a number of significant risks. Leveraged companies in which we invest may have limited financial resources and may be unable to meet their obligations under their debt securities that we hold. Such developments may be accompanied by a deterioration in the value of any collateral and a reduction in the likelihood of our realizing any guarantees that we may have obtained in connection with our investment. In addition, our junior secured loans are generally subordinated to senior loans. As such, other creditors may rank senior to us in the event of an insolvency.

Investment In Middle Market, Privately Owned Comapnies Risks [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We typically invest in middle market, privately owned companies, which may present a greater risk of loss than loans to larger companies. We invest in loans to middle market, privately owned companies. Compared to larger, publicly traded firms, these companies generally have more limited access to capital and higher funding costs, may be in a weaker financial position and may need more capital to expand, compete and operate their business. In addition, many of these companies may be unable to obtain financing from public capital markets or from traditional sources, such as commercial banks. Accordingly, loans made to these types of borrowers may entail higher risks than loans made to companies that have larger businesses, greater financial resources or are otherwise able to access traditional credit sources on more attractive terms. Investing in middle market, privately owned companies involves a number of significant risks, including, but not limited to, that middle market companies: • may have shorter operating histories, narrower product lines and smaller market shares than larger businesses, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as general economic downturns; • are more likely to depend on the management talents and efforts of a small group of persons; therefore, the death, disability, resignation or termination of one or more of these persons could have a material adverse impact on our portfolio company and, in turn, on us; • typically have more limited access to the capital markets, which may hinder their ability to refinance borrowings; • will be unable to refinance or repay at maturity the unamortized loan balance as we structure our loans such that a significant balance remains due at maturity; • generally have less predictable operating results, may be particularly vulnerable to changes in customer preferences or market conditions, and may depend on one or a limited number of major customers; • may be parties to litigation from time to time, may be engaged in rapidly changing businesses with products subject to a substantial risk of obsolescence, and may require substantial additional capital to support their operations, finance expansion or maintain their competitive position; and • generally have less publicly available information about their businesses, operations and financial condition, and, if we are unable to uncover all material information about these companies, we may not make a fully informed investment decision, and may lose all or part of our investment. Any of these factors or changes thereto could impair a portfolio company’s financial condition, results of operation, cash flow or result in other adverse events, such as bankruptcy, any of which could limit a portfolio company’s ability to make scheduled payments on loans from us. This, in turn, may lead to their inability to make payments on outstanding borrowings, which could result in losses in our loan portfolio and a decrease in our net interest income and book value.

Investments In Senior Loans Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our investments in senior loans. We invest in senior loans, which are usually rated below investment grade or also may be unrated. As a result, the risks associated with senior loans may be considered by credit rating agencies to be similar to the risks of below investment grade fixed-income instruments. Investment in senior loans rated below investment grade is considered speculative because of the credit risk of the company incurring the indebtedness. Such companies are more likely than investment grade issuers to default on their payments of interest and principal owed to us, and such defaults could have a material adverse effect on our performance. An economic downturn would generally lead to a higher non-payment rate, and a senior loan may lose significant market value before a default occurs. Moreover, any specific collateral used to secure a senior loan may decline in value or become illiquid, which would adversely affect the senior loan’s value. There may be less readily available and reliable information about most senior loans than is the case for many other types of securities, including securities issued in transactions registered under the Securities Act or registered under the Exchange Act. As a result, Churchill will rely primarily on its own evaluation of a borrower’s credit quality rather than on any available independent sources. Therefore, we will be particularly dependent on the analytical abilities of Churchill. In general, the secondary trading market for senior secured loans is not well developed. No active trading market may exist for certain senior loans, which may make it difficult to value them. Illiquidity and adverse market conditions may mean that we may not be able to sell senior loans quickly or at a fair price. To the extent that a secondary market does exist for certain senior loans, the market for them may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods.

Investments And Trading Of Liquid Assets [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our investments and trading of liquid assets, including broadly syndicated loans. From time to time, we may invest in liquid assets, such as broadly syndicated loans, high yield bonds, structured finance securities, shares of investment companies and other instruments that may be traded in public or institutional financial markets and have a readily available market value. These investments may expose us to various risks, including with respect to liquidity, price volatility, interest rate risk, ability to restructure in the event of distress, credit risks and less protective issuing documentation, than is the case with the private middle market loans that comprise the majority of our investment portfolio. Certain of these instruments may be fixed rate assets, thereby exposing us to interest rate risk in the valuation of such investments. Additionally, the financial markets in which these assets may be traded are subject to significant volatility (including due to macroeconomic conditions), which may

Investments In Junior Or Subordinated Debt Securities Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our investments in junior or subordinated debt securities. We invest in junior debt securities, which may be subordinated to substantial amounts of a portfolio company’s senior debt, all or a significant portion of which may be secured. Such junior or subordinated investments may be characterized by greater credit risks than those associated with the senior obligations of the same portfolio company. These subordinated securities may not be protected by financial covenants, such as limitations on the incurrence of additional indebtedness, that may apply to certain types of senior secured debt instruments. Holders of junior and subordinated debt generally are not entitled to receive full payments in bankruptcy or liquidation until senior creditors are paid in full. In addition, the remedies available to holders of junior debt are normally limited by restrictions benefiting senior creditors.

Investment In Unitranche Secured Loans And Securities [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our investments in unitranche secured loans and securities.

Covenant-Lite Loans Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with “covenant-lite” loans. We invest in “covenant-lite” loans, which generally refers to loans that do not have a complete set of financial maintenance covenants. Generally, “covenant-lite” loans provide borrower companies more freedom to negatively impact lenders because their covenants are incurrence-based, which means they are only tested and can only be breached following an affirmative action of the borrower, rather than by a deterioration in the borrower’s financial condition. Accordingly, to the extent we are exposed to “covenant-lite” loans, we may have a greater risk of loss on such investments as compared to investments in or exposure to loans with financial maintenance covenants.

Syndicated Loans Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with syndicated loans. From time to time, our investments may consist of syndicated loans. Under the documentation for such loans, a financial institution or other entity typically is designated as the administrative agent and/or collateral agent. This agent is granted a lien on any collateral on behalf of the other lenders and distributes payments on the indebtedness as they are received. The agent is the party responsible for administering and enforcing the loan and generally may take actions only in accordance with the instructions of a majority or two-thirds in commitments and/or principal amount of the associated indebtedness. In most cases, we do not expect to hold a sufficient amount of the indebtedness to be able to compel any actions by the agent. Accordingly, we may be precluded from directing such actions unless we act together with other holders of the indebtedness. If we are unable to direct such actions, we cannot assure you that the actions taken will be in our best interests. There is a risk that a loan agent may become bankrupt or insolvent. Such an event would delay, and possibly impair, any enforcement actions undertaken by holders of the associated indebtedness, including attempts to realize upon the collateral securing the associated indebtedness and/or direct the agent to take actions against the related obligor or the collateral securing the associated indebtedness and actions to realize on proceeds of payments made by obligors that are in the possession or control of any other financial institution. In addition, we may be unable to remove the agent in circumstances in which removal would be in our best interests. Moreover, agented loans typically allow for the agent to resign with certain advance notice.

Investments In Equity-Related Securities Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may be subject to risks associated with our investments in equity-related securities. We invest in equity-related securities, such as rights and warrants that may be converted into or exchanged for the issuer’s common stock or the cash value of the issuer’s common stock. The equity interests we hold may not appreciate in value and, in fact, may decline in value. Accordingly, we may not be able to realize gains from our equity interests, and any gains that we realize in the disposition of any equity interests may not be sufficient to offset any other losses we experience. We will generally have little, if any, control over the timing of any gains we may realize from our equity investments. We also may be unable to realize any value if a portfolio company does not have a liquidity event, such as a sale of the business, recapitalization or public offering, which would allow us to sell the underlying equity interests. We may be unable to exercise any put rights we acquire, which would grant us the right to sell our equity securities back to the portfolio company, for the consideration provided in its investment documents if the issuer is in financial distress. Additionally, we may make equity or equity-related investments alongside a Senior Loan investment, which may result in conflicts related to the rights of those investments.

Loans In Portfolio Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The loans we make in portfolio companies may become non-performing. A loan or debt obligation may become non-performing for a variety of reasons. Such non-performing loans may require substantial workout negotiations or restructuring that may entail, among other things, a substantial reduction in the interest rate, a substantial write-down of the principal amount of the loan and/or the deferral of payments. In addition, such negotiations or restructuring may be quite extensive and protracted over time, and therefore may result in substantial uncertainty with respect to the ultimate recovery. We also may incur additional expenses to the extent that it is required to seek recovery upon a default on a loan or participate in the restructuring of such obligation. The liquidity for defaulted loans may be limited, and, to the extent that defaulted loans are sold, it is highly unlikely that the proceeds from such sale will be equal to the amount of unpaid principal and interest thereon. In connection with any such defaults, workouts or restructuring, although we exercise voting rights with respect to an individual loan, we may not be able to exercise votes in respect of a sufficient percentage of voting rights with respect to such loan to determine the outcome of such vote.

Lack Of Liquidity In Investments Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The lack of liquidity in our investments may adversely affect our business. Generally, all of our assets are invested in illiquid securities, and a substantial portion of our investments in leveraged companies will be subject to legal and other restrictions on resale or will otherwise be less liquid than more broadly traded public securities. The illiquidity of these investments may make it difficult for us to sell such investments when desired. In addition, if we are required to liquidate all or a portion of our portfolio quickly, we may realize significantly less than the value at which we have previously recorded these investments. As a result, we do not expect to achieve liquidity in our investments in the near-term. However, to comply with the requirements applicable to us as a BDC and maintain our qualification as a RIC, we may have to dispose of investments if we do not satisfy one or more of the applicable criteria under the respective regulatory frameworks. Additionally, any disruption in economic activity may have a negative effect on the potential for liquidity events involving our investments. The illiquidity of our investments may make it difficult for us to sell such investments to access capital if required, and as a result, we could realize significantly less than the value at which we have recorded our investments if we were required to sell them for liquidity purposes. An inability to raise or access capital, and any required sale of all or a portion of our investments as a result, could have a material adverse effect on our business, financial condition or results of operations.

Price Declines And Illiquidity Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Price declines and illiquidity in the corporate debt markets may adversely affect the fair value of our portfolio investments, reducing our NAV through increased net unrealized depreciation. We are required to carry our investments at market value or, if no market quotation is readily available, at fair value as determined in good faith by the Adviser as our valuation designee. When an external event such as a purchase transaction, public offering or subsequent equity sale occurs, we use the pricing indicated by the external event to corroborate our valuation. We record decreases in the market values or fair values of our investments as unrealized depreciation. Declines in prices and liquidity in the corporate debt markets may result in significant net unrealized depreciation in our portfolio. The effect of all of these factors on our portfolio may reduce our NAV by increasing net unrealized depreciation in our portfolio. Depending on market conditions, we could incur substantial realized losses and may suffer additional unrealized losses in future periods, which could have a material adverse effect on our business, financial condition and results of operations.

Prepay Loans Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our portfolio companies may prepay loans, which may reduce stated yields if capital returned cannot be invested in transactions with equal or greater expected yields. Some of the loans and other investments that we make to our portfolio companies may be callable at any time, and many of them can be repaid with no premium to par. Whether a loan is called will depend both on the continued positive performance of the portfolio company and the existence of favorable financing market conditions that allow such company the ability to replace existing financing with less expensive capital. As market conditions change frequently, it is unknown when, and if, this may be possible for each portfolio company. In addition, prepayments may occur at any time, sometimes without premium or penalty, and that the exercise of prepayment rights during periods of declining spreads could cause us to reinvest prepayment proceeds in lower-yielding instruments. In the case of some of these loans, having the loan called early may reduce our achievable yield if the capital returned cannot be invested in transactions with equal or greater expected yields.

Investments In Special Situation Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our investments in special situation companies. We may make investments in companies involved in (or the target of) acquisition attempts or tender offers, or companies involved in spin-offs and similar transactions. In any investment opportunity involving any such type of business enterprise, the transaction in which such business enterprise is involved will either be unsuccessful, take considerable time or result in a distribution of cash or a new security, the value of which will likely be less than the purchase price to us of the security or other financial instrument in respect of which such distribution is received. Similarly, if an anticipated transaction does not occur, we may be required to sell our investment at a loss. In connection with such transactions, we may purchase securities on a when-issued basis, which means that delivery and payment take place sometime after the date of the commitment to purchase and are often conditioned upon the occurrence of a subsequent event, such as approval and consummation of a merger, reorganization or debt restructuring. The purchase price and/or interest rate receivable with respect to a when-issued security are typically fixed when we enter into the commitment, but such securities are subject to changes in market value prior to their delivery.

Investments In Business Services Industry Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may be subject to risks associated with our investments in the business services industry. Portfolio companies in the business services sector are subject to many risks, including the negative impact of regulation, changing technology, a competitive marketplace and difficulty in obtaining financing. Portfolio companies in the business services industry must respond quickly to technological changes and understand the impact of these changes on customers’ preferences. Adverse economic, business, or regulatory developments affecting the business services sector could have a negative impact on the value of our investments in portfolio companies operating in this industry, and therefore could negatively impact our business and results of operations.

Investments In Healthcare Sector Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our investments in the healthcare sector face considerable uncertainties. Our investments in the healthcare sector are subject to substantial risks. The laws and rules governing the business of healthcare companies and interpretations of those laws and rules are subject to frequent change. Broad latitude is given to the agencies administering those regulations. Existing or future laws and rules could force our portfolio companies engaged in healthcare to change how they do business, restrict revenue, increase costs, change reserve levels and change business practices. Healthcare companies often must obtain and maintain regulatory approvals to market many of their products, change prices for certain regulated products and consummate some of their acquisitions and divestitures. Delays in obtaining or failing to obtain or maintain these approvals could reduce revenue or increase costs. Policy changes on the local, state and federal level, such as the expansion of the government’s role in the healthcare arena and alternative assessments and tax increases specific to the healthcare industry or healthcare products as part of federal health care reform initiatives, could fundamentally change the dynamics of the healthcare industry.

Investments In Life Sciences-Related Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Any investments in life sciences-related companies may be subject to extensive government regulation, litigation risk and certain other risks particular to that industry. We invest in life sciences-related companies that may be subject to extensive regulation by federal, state and other foreign agencies. If any of these portfolio companies fail to comply with applicable regulations, they could be subject to significant penalties and claims that could materially and adversely affect their operations. Portfolio companies that produce medical devices or drugs are subject to the expense, delay and uncertainty of the regulatory approval process for their products and, even if approved, these products may not be accepted in the marketplace. In addition, governmental budgetary constraints effecting the regulatory approval process, new laws, regulations or judicial interpretations of existing laws and regulations might adversely affect a portfolio company in this industry. Life sciences-related portfolio companies also may have a limited number of suppliers of necessary components or a limited number of manufacturers for their products, and therefore face a risk of disruption to their manufacturing process if they are unable to find alternative suppliers when needed. Any of these factors could materially and adversely affect the operations of a life sciences-related portfolio company and, in turn, impair our ability to timely collect principal and interest payments owed to us.

Investments In Technology-Related Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our investment strategy focuses on technology-related companies, which are subject to many risks, including volatility, intense competition, shortened product life cycles, changes in regulatory and governmental programs and periodic downturns. We invest in technology-related companies, many of which may have narrow product lines and small market shares, which tend to render them more vulnerable to competitors’ actions and market conditions, as well as to general economic downturns. The revenues, income (or losses), and valuations of technology-related companies can and often do fluctuate suddenly and dramatically. In addition, technology-related industries are generally characterized by abrupt business cycles and intense competition. Overcapacity in technology-related industries, together with cyclical economic downturns, may result in substantial decreases in the market capitalization of many technology-related companies. Such decreases in market capitalization may occur again, and any future decreases in technology-related company valuations may be substantial and may not be temporary in nature. Therefore, our portfolio companies may face considerably more risk of loss than do companies in other industry sectors. Because of rapid technological change, the average selling prices of products and some services provided by technology-related companies have historically decreased over their productive lives. As a result, the average selling prices of products and services offered by technology-related companies may decrease over time, which could adversely affect their operating results, their ability to meet obligations under their debt securities and the value of their equity securities. This could, in turn, materially adversely affect our business, financial condition and results of operations. A natural disaster also may impact the operations of our portfolio companies, including the technology-related companies in our portfolio. The nature and level of natural disasters cannot be predicted and may be exacerbated by global climate change. Technology-related companies rely on items assembled or produced in areas susceptible to natural disasters, and may sell finished goods into markets susceptible to natural disasters. A major disaster, such as an earthquake, tsunami, flood or other catastrophic event could result in disruption to the business and operations of the technology-related companies in our portfolio.

OID Income And PIK Interest Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are exposed to risks associated with any OID income and PIK interest required to be included in taxable and accounting income prior to receipt of cash representing such income. Our investments include OID components and PIK interest or PIK dividend components. We are exposed to risks associated with any OID income and PIK interest, including, but not limited to, the following: • We must include in income each year a portion of the OID that accrues over the life of the obligation, regardless of whether cash representing such income is received by us in the same taxable year. Because any OID or other amounts accrued will be included in investment company taxable income for the year of the accrual, we may be required to make a distribution to our shareholders in order to satisfy our annual distribution requirements, even though we will not have received any corresponding cash amount. As a result, we may have to sell some of our investments at times or at prices that would not be advantageous to us, raise additional debt or equity capital or forgo new investment opportunities. • OID instruments may create heightened credit risks because the inducement to the borrower to accept higher interest rates in exchange for the deferral of cash payments typically represents, to some extent, speculation on the part of the lender. • Even if the accounting conditions for income accrual are met, the borrower could still default when our actual collection is supposed to occur at the maturity of the obligation. • OID instruments may have unreliable valuations because their continuing accruals require continuing judgments about the collectability of the deferred payments and the value of the collateral. • OID instruments generally represent a significantly higher credit risk than coupon loans. • OID income received by us may create uncertainty about the source of our cash distributions to shareholders. For accounting purposes, any cash distributions to shareholders representing OID or market discount income are not treated as coming from paid-in capital, even though the cash to pay them comes from the offering proceeds. Thus, although a distribution of OID or market discount interest comes from the cash invested by the shareholders, Section 19(a) of the 1940 Act does not require that shareholders be given notice of this fact by reporting it as a return of capital. • The deferral of PIK interest has a negative impact on liquidity, as it represents non-cash income that may require distribution of cash dividends to shareholders in order to maintain our RIC tax treatment. In addition, the deferral of PIK interest also increases the LTV ratio at a compounding rate, thus, increasing the risk that we will absorb a loss in the event of foreclosure. •

Proportion Of Assets That May Be Invested In Securities Of A Single Issuer Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are a non-diversified investment company within the meaning of the 1940 Act, and therefore we are not limited by the 1940 Act with respect to the proportion of our assets that may be invested in securities of a single issuer.

Debt Securities Of Leverage Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may hold the debt securities of leveraged companies that may, due to the significant volatility of such companies, enter into bankruptcy proceedings. Leveraged companies may experience bankruptcy or similar financial distress. The bankruptcy process has a number of significant inherent risks. Many events in a bankruptcy proceeding are the product of contested matters and adversary proceedings and are beyond the control of the creditors. A bankruptcy filing by a portfolio company may adversely and permanently affect the portfolio company. If the proceeding is converted to a liquidation, the value of the issuer may not equal the liquidation value that was believed to exist at the time of the investment. The duration of a bankruptcy proceeding is also difficult to predict, and a creditor’s return on investment can be adversely affected by delays until the plan of reorganization or liquidation ultimately becomes effective. The administrative costs in connection with a bankruptcy proceeding are frequently high and would be paid out of the debtor’s estate prior to any return to creditors. Because the standards for classification of claims under bankruptcy law are vague, our influence with respect to the class of securities or other obligations we own may be lost by increases in the number and amount of claims in the same class or by different classification and treatment. In the early stages of the bankruptcy process, it is often difficult to estimate the extent of, or even to identify, any contingent claims that might be made. In addition, certain claims that have priority by law (for example, claims for taxes) may be substantial.

Failure To Make Follow-On Investments In Portfolio Companies [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our failure to make follow-on investments in our portfolio companies could impair the value of our portfolio. Following an initial investment in a portfolio company, we may make additional investments in that portfolio company as “follow-on” investments, in seeking to: • increase or maintain in whole or in part our position as a creditor or equity ownership percentage in a portfolio company; • exercise warrants, options or convertible securities that were acquired in the original or subsequent financing; or • preserve or enhance the value of our initial and overall investment.

Control Over Portfolio Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may not be able to exercise control over our portfolio companies or to prevent decisions by management of our portfolio companies, which could decrease the value of our investments. We do not hold controlling equity positions in any of our portfolio companies and do not expect to hold controlling positions in the future. Our debt investments in portfolio companies may provide limited control features such as restrictions, for example, on the ability of a portfolio company to incur additional debt and limitations on a portfolio company’s discretion to use the proceeds of our investment for certain specified purposes. “Control” under the 1940 Act is presumed at more than 25% equity ownership, and also may be present at lower ownership levels where we provide managerial assistance. When we do not acquire a controlling equity position in a portfolio company, we may be subject to the risk that a portfolio company may make business decisions with which we disagree, and that the management and/or shareholders of a portfolio company may take risks or otherwise act in ways that are adverse to our interests. Due to the lack of liquidity of the debt and equity investments that we typically hold in our portfolio companies, we may not be able to dispose of our investments in the event we disagree with the actions of a portfolio company and may therefore suffer a decrease in the value of our investments.

Defaults By Portfolio Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Defaults by our portfolio companies will harm our operating results.

Debt Incurred By Portfolio Companies Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our portfolio companies may incur debt that ranks equally with, or senior to, the loans and other investments we make in such portfolio companies. Although we expect that most of our investments in our portfolio companies will be secured, some investments may be unsecured and subordinated to substantive amounts of senior indebtedness incurred by our portfolio companies. The portfolio companies in which we invest usually have, or may be permitted to incur, other debt that ranks equally with, or senior to, the debt securities in which we invest and such debt instruments may provide that the holders are entitled to receive payment of interest or principal on or before the dates on which we are entitled to receive payments on our debt investments. Also, in the event of insolvency, liquidation, dissolution, reorganization or bankruptcy of a portfolio company, holders of debt instruments ranking senior to our investment in that portfolio company would typically be entitled to receive payment in full before we receive any distribution in respect of our investment. After repaying senior creditors, the portfolio company may not have any remaining assets to use for repaying its obligation to us. In the case of debt ranking equally with debt securities in which we invest, we would have to share any distributions on an equal and ratable basis with other creditors holding such debt in the event of an insolvency, liquidation, dissolution, reorganization or bankruptcy of the relevant portfolio company. Additionally, certain loans that we make to portfolio companies may be secured on a second-priority basis by the same collateral securing senior secured debt of such companies. The first-priority liens on the collateral will secure the portfolio company’s obligations under any outstanding senior debt and may secure certain other future debt that may be permitted to be incurred by the portfolio company under the agreements governing the loans. The holders of obligations secured by first-priority liens on the collateral will generally control the liquidation of, and be entitled to receive proceeds from, any realization of the collateral to repay their obligations in full before us. In addition, the value of the collateral in the event of liquidation will depend on market and economic conditions, the availability of buyers and other factors. There can be no assurance that the proceeds, if any, from sales of all of the collateral would be sufficient to satisfy the loan obligations secured by the second-priority liens after payment in full of all obligations secured by the first-priority liens on the collateral. If such proceeds were not sufficient to repay amounts outstanding under the loan obligations secured by the second-priority liens, then, to the extent not repaid from the proceeds of the sale of the collateral, we will only have an unsecured claim against the portfolio company’s remaining assets, if any. The rights we may have with respect to the collateral securing the loans we make to our portfolio companies with senior debt outstanding also may be limited pursuant to the terms of one or more intercreditor agreements that we enter into with the holders of such senior debt, including in unitranche transactions. Under a typical intercreditor agreement, at any time that obligations that have the benefit of the first-priority liens are outstanding, any of the following actions that may be taken in respect of the collateral will be at the direction of the holders of the obligations secured by the first-priority liens: • the ability to cause the commencement of enforcement proceedings against the collateral; • the ability to control the conduct of such proceedings; • the approval of amendments to collateral documents; • releases of liens on the collateral; and • waivers of past defaults under collateral documents. We may not have the ability to control or direct such actions, even if our rights are adversely affected. In addition, a bankruptcy court may choose not to enforce an intercreditor agreement or other agreement with creditors.

Disposition Of Investments In Private Companies [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The disposition of our investments in private companies may result in contingent liabilities. We make a number of investments in securities of portfolio companies that are private companies. If we are required or desire to dispose of an investment in a private company, we may be required to make representations about the business and financial affairs of the portfolio company typical of those representations made by an owner in connection with the sale of its business. We also may be required to indemnify the purchasers of such investment to the extent that any such representations turn out to be inaccurate or with respect to potential liabilities. These arrangements may result in contingent liabilities that could result in the satisfaction of funding obligations through our return of distributions previously made to us.

Syndicating Our Co-Investments Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may be unsuccessful in syndicating our co-investments, which may cause us to have more exposure to an investment than was originally intended. From time to time, we may make an investment with the expectation of offering a portion of our interests therein as a co-investment opportunity to third-party investors. There can be no assurance that we will be successful in syndicating any such co-investment, in whole or in part, that the closing of such co-investment will be consummated in a timely manner, that any syndication will take place on terms and conditions that will be preferable for the Company or that expenses incurred by us with respect to any such syndication will not be substantial. In the event that we are not successful in syndicating any such co-investment, in whole or in part, we may consequently hold a greater concentration and have more exposure in the related investment than initially was intended, which could make us more susceptible to fluctuations in value resulting from adverse economic and/or business conditions with respect thereto. Moreover, an investment by us that is not syndicated to co-investors as originally anticipated could significantly reduce our overall investment returns.

Senior Management And Investment Professionals Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We depend upon the senior management of Churchill for our success, and upon the strong referral relationships of Churchill’s investment professionals with financial institutions, sponsors and investment professionals. Any inability of Churchill to maintain or develop these relationships, or the failure of these relationships to generate investment opportunities, could adversely affect our business. We do not have any internal management capacity or employees. We depend on the investment expertise, skill and network of business contacts of the senior investment professionals of Churchill, who evaluate, negotiate, structure, execute, monitor and service our investments in accordance with the terms of the CAM Sub-Advisory Agreement and the investment professionals of Nuveen Leveraged Finance with respect to certain of our liquid investments managed by Nuveen Asset Management in accordance with the terms of the NAM Sub-Advisory Agreement. Our success depends to a significant extent on the continued service and coordination of the senior investment professionals of Churchill. These individuals may have other demands on their time now and in the future, and we cannot assure you that they will continue to be actively involved in our management. Each of these individuals is not subject to an employment contract with us, and the departure of any of these individuals or competing demands on their time in the future could have a material adverse effect on our ability to achieve our investment objective. In addition, we depend upon the senior investment professionals of Churchill to maintain their relationships with financial institutions, sponsors and investment professionals, and we rely to a significant extent upon these relationships to provide us with potential investment opportunities. If the senior investment professionals of Churchill fail to maintain such relationships, or to develop new relationships with other sources of investment opportunities, we will not be able to grow our investment portfolio. In addition, individuals with whom the senior investment professionals of Churchill have relationships are not obligated to provide us with investment opportunities, and, therefore, we can offer no assurance that these relationships will generate investment opportunities for us in the future. Churchill evaluates, negotiates, structures, closes and monitors our investments in accordance with the terms of the CAM Sub-Advisory Agreement, and Nuveen Asset Management will evaluate, negotiate, structure and monitor certain of our liquid investments in accordance with the NAM Sub-Advisory Agreement. We can offer no assurance, however, that the current senior investment professionals of Churchill or Nuveen Asset Management will continue to provide investment advice to us. If these individuals do not maintain their existing relationships with Nuveen and its affiliates and do not develop new relationships with other sources of investment opportunities, we may not be able to grow our investment portfolio or achieve our investment objective. The Investment Committee that oversees our investment activities is comprised of representatives of investment teams. The loss of any member of the Investment Committee or of other Churchill or Nuveen senior investment professionals could negatively impact our ability to achieve our investment objective and operate as anticipated. This could have a material adverse effect on our financial condition and results of operations.

Obligations Of Senior Investment Professionals Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

There may be conflicts related to obligations that senior investment professionals of the Advisers and members of their investment committee have to other clients. There may be conflicts related to the investment and related activities of TIAA and the Advisers and these conflicts could prevent us from making or disposing of certain investments on the terms desired. The senior investment professionals and members of the investment committee of each investment team serve or may serve as officers, directors, members or principals of entities that operate in the same or a related line of business as we do, or of investment funds, accounts or other investment vehicles sponsored or managed by Churchill or its affiliates. Similarly, Churchill may have other clients or other accounts with similar, different or competing investment objectives as us. In serving in these multiple capacities, they may have obligations to other clients or investors in those entities, the fulfillment of which may not be in our best interests or in the best interest of our shareholders. For example, certain members of the investment committee have and will continue to have management responsibilities for other investment funds, including NC SLF Inc., a closed-end investment company registered under the 1940 Act, Nuveen Churchill Private Capital Income Fund, a BDC, and other accounts or other investment vehicles sponsored or managed by affiliates of Churchill, or other third-party registered investment advisors. Churchill seeks to allocate investment opportunities among eligible accounts in a manner that is fair and equitable over time and consistent with their respective allocation policies. In addition, Churchill or its affiliates also earn additional fees related to the securities in which we invest, which may result in conflicts of interests for the senior investment professionals and members of the investment committee making investment decisions. For example, Churchill and its affiliates may act as an arranger, syndication agent or in a similar capacity with respect to securities in which we invest, where Churchill’s investment staff sources and arranges financing transactions that may be eligible for investment by its client accounts (including us), and in connection therewith commits to source, arrange and issue such financing instruments as may be required by the related issuer(s). In connection with such sourcing and arranging activity, such issuer(s) agree to pay to Churchill and its affiliates compensation in the form of closing or arrangement fees, which compensation is paid to them at or immediately prior to the funding of such financing, separately from management fees paid by us. Additionally, affiliates of Churchill may act as the administrative agent on credit facilities under which such securities are issued, which may contemplate additional compensation to such affiliates for the service of acting as administrative agent thereunder. Each of Churchill and Nuveen Asset Management has separate account, fund-of-one or other managed account arrangements in place with TIAA or subsidiaries thereof. Consistent with their respective investment allocation policies and the Order, Churchill and Nuveen Asset Management also may be managing certain securities for us and allocating the same investments to TIAA (or subsidiaries thereof) pursuant to such arrangements, which may lead to conflicts of interest. In certain instances, it is possible that other entities managed by Churchill or Nuveen Asset Management or a proprietary account of TIAA may be invested in the same or similar loans or securities as held by us, and which may be acquired at different times at lower or higher prices. Those investments also may be in securities or other instruments in different parts of the company’s capital structure that differ significantly from the investments held by us, including with respect to material terms and conditions, including without limitation seniority, interest rates, dividends, voting rights and participation in liquidation proceeds. Consequently, in certain instances these investments may be in positions or interests that are potentially adverse to those taken or held by us. In such circumstances, measures will be taken to address such actual or potential conflicts, which may include, as appropriate, establishing an information barrier between or among the applicable personnel of the relevant affiliated entities (including as between officers of Churchill), requiring recusal of certain personnel from participating in decisions that give rise to such conflicts, or other protective measures as shall be established from time to time to address such conflicts. Further, an affiliate of TIAA may serve as the administrative or other named agent on behalf of the lenders with respect to investments by us and/or one or more of our affiliates. In some cases, investments that are originated or otherwise sourced by Churchill may be funded by a loan syndicate organized by Churchill or its affiliates. The participants in such loan syndicate (the “Loan Syndicate Participants”), in addition to us and our affiliates may include other lenders and various institutional and sophisticated investors (through private investment vehicles in which they invest). The entity acting as agent may serve as an agent with respect to loans made at varying levels of a borrower’s capital structure. Loan Syndicate Participants may hold investments in the same or distinct tranches in the loan facilities of which the portfolio investment is a part or in different positions in the capital structure under such portfolio investment. As is typical in such agency arrangements, the agent is the party responsible for administering and enforcing the terms of the loan facility, may take certain actions and make certain decisions in its discretion and generally may take material actions only in accordance with the instructions of a designated percentage of the lenders. In the case of loan facilities that include both senior and subordinate tranches, the agent may take actions in accordance with the instructions of the holders of one or more of the senior tranches without any right to vote or consent (except in certain limited circumstances) by the subordinated tranches of such indebtedness. Churchill expects that the portfolio investments held by us and our affiliates may represent less than the amount of debt sufficient to direct, initiate or prevent actions with respect to such loan facility or a tranche thereof of which our investment is a part (other than preventing those that require the consent of each lender). As a result of an affiliate of TIAA acting as agent for an agented loan where a Loan Syndicate Participant may own more of the related indebtedness of the obligor or hold indebtedness in a position in the capital structure of an obligor different from that of us and our affiliates, such Loan Syndicate Participants will be in a position to exercise more control with respect to the related loan facility than that which Churchill could exercise on behalf of us, and may exercise such control in a manner adverse to our interests. In addition, TIAA and other client accounts of Churchill, in connection with an advisory relationship with Churchill, may be a limited partner investor in many of the private equity funds that own the portfolio companies in which we will invest or TIAA may otherwise have a relationship with the private equity funds or portfolio companies, which may give rise to certain conflicts or limit our ability to invest in such portfolio companies. TIAA (and other private clients managed by Churchill and its affiliates) also may hold passive equity co-investments in such private equity funds or portfolio companies owned by such fund, or in holding companies elsewhere in the capital structure of the private equity fund or portfolio company, which may give rise to certain conflicts for the investment professionals of affiliates of the Advisers when making investment decisions. Nuveen Asset Management may manage certain of our liquid investments pursuant to the NAM Sub-Advisory Agreement. The percentage of our portfolio allocated to the liquid investment strategy managed by Nuveen Asset Management will be at the discretion of Churchill. Nuveen Asset Management may serve as managing member, adviser or sub-adviser to one or more affiliated private funds or other pooled investment vehicles. Investment professionals associated with Nuveen Asset Management are actively involved in other investment activities not concerning us and will not devote all of their professional time to our affairs. For example, Nuveen Asset Management may compete with other affiliates and other accounts for investments for us, subjecting Nuveen Asset Management to certain conflicts of interest in evaluating the suitability of investment opportunities and making or recommending acquisitions on our behalf. In the event that a conflict of interest arises, Nuveen Asset Management will endeavor, so far as it is able, to ensure that such conflict is resolved in a manner consistent with applicable law and its internal policies. There can be no assurance that Nuveen Asset Management will resolve all conflicts of interest in a manner that is favorable to us and any such conflicts of interest could have a material adverse effect on us.

Recommendations Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The recommendations that Churchill gives to us may differ from those rendered to its other clients. Churchill and its affiliates may give advice and recommend securities to other clients which may differ from advice given to, or securities recommended or bought for, us even though such other clients’ investment objectives may be similar to us, which could have an adverse effect on our business, financial condition and results of operations.

Material Nonpublic Information Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Each investment team or each Investment Committee may, from time to time, possess material nonpublic information, limiting our investment discretion. The managing members and the senior origination professionals of each investment team and the senior professionals and members of each investment committee of Churchill and Nuveen Asset Management may serve as directors of, or in a similar capacity with, companies in which we invest, the securities of which are purchased or sold on our behalf. In the event that material nonpublic information is obtained with respect to such companies, or we become subject to trading restrictions under the internal trading policies of those companies or as a result of applicable law or regulations, we could be prohibited for a period of time from purchasing or selling the securities of such companies, and this prohibition may have a material adverse effect on us.

Management And Incentive Fee Structure [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our management and incentive fee structure may create incentives for Churchill and certain of its investment professionals that are not fully aligned with the interests of our shareholders. In the course of our investing activities, we pay a management fee and will pay an incentive fee (beginning in fiscal quarter ending June 30, 2025, following the expiration of the fee waiver) to the Adviser. Management fees are based on our Average Total Assets (which include assets purchased with borrowed amounts but exclude cash and cash equivalents). As a result, investors in our shares invest on a “gross” basis and receive distributions on a “net” basis after expenses, resulting in a lower rate of return than one might achieve through direct investments. Because these fees are based on our total assets, including assets purchased with borrowed amounts but excluding cash and cash equivalents, the Adviser benefit when we incur debt or otherwise use leverage. This fee structure may encourage Churchill to cause us to borrow money to finance additional investments or to maintain leverage when it would otherwise be appropriate to pay off our indebtedness. Under certain circumstances, the use of borrowed money may increase the likelihood of default, which would disfavor our shareholders. The Board is charged with protecting our interests by monitoring how the Advisers address these and other conflicts of interest associated with their management services and compensation. Our independent directors periodically review Churchill’s services and fees as well as its portfolio management decisions and portfolio performance. In connection with these reviews, our independent directors consider whether our fees and expenses (including those related to leverage) remain appropriate. As a result of this arrangement, the Advisers or their affiliates may from time to time have interests that differ from those of our shareholders, giving rise to a conflict. In addition, certain investment professionals share directly in the management fee. Such professionals would face similar conflicts when considering investments for and making decisions on behalf of us. The part of the incentive fee payable to the Adviser that relates to our net investment income is computed and paid on income that may include interest income that has been accrued but not yet received in cash. This fee structure may be considered to involve a conflict of interest for Churchill to the extent that it may encourage Churchill to favor debt financings that provide for deferred interest, rather than current cash payments of interest. Churchill may have an incentive to invest in PIK interest securities in circumstances where it would not have done so but for the opportunity to continue to earn the incentive fee even when the issuers of the deferred interest securities would not be able to make actual cash payments to us on such securities. This risk could be increased because the Adviser are not obligated to reimburse us for any incentive fees received even if we subsequently incur losses or never receive in cash the deferred income that was previously accrued. In addition, the incentive fee based on our net investment income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Any net investment income incentive fee would not be subject to repayment.

Incentive Fee Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our incentive fee may induce Churchill to make certain investments, including speculative investments. Beginning in fiscal quarter ending June 30, 2025, following the expiration of the fee waiver, the Adviser will receive an incentive fee based, in part, upon net capital gains realized on our investments. Unlike that portion of the incentive fee based on income, there is no hurdle rate applicable to the portion of the incentive fee based on net capital gains. As a result, Churchill may have a tendency to invest more capital in investments that are likely to result in capital gains as compared to income producing securities. Such a practice

Significant Investment Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

TIAA has made a significant investment in us, which may present certain conflicts of interest. TIAA, the ultimate parent of the Advisers, has made a significant investment in us. This may result in TIAA’s ownership of a significant percentage of our shares. This may be detrimental to other shareholders as TIAA may control a significant percentage of the shareholder vote and may vote in a manner that is beneficial to the Advisers. TIAA and other shareholders may from time to time hold equity and other interests in the Advisers or their affiliates, which may present conflicts of interest for the Advisers, including senior investment professionals and members of the investment committee making investment decisions for us that also provide investment advice to TIAA.

Restricted Transactions With Affiliates Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our ability to enter into transactions with our affiliates is restricted, which may limit the scope of investments available to us. We are prohibited under the 1940 Act from participating in certain transactions with our affiliates, including NC SLF Inc., Nuveen Churchill Private Capital Income Fund, Corient Registered Alternatives Fund and other funds and accounts that the Advisers manage, without the prior approval of our independent directors and, in some cases, of the SEC. Any person that owns, directly or indirectly, five percent or more of our outstanding voting securities is our affiliate for purposes of the 1940 Act, and we are generally prohibited from buying any security from such affiliate, absent the prior approval of our independent directors. The 1940 Act also prohibits us from participating in certain “joint transactions” with certain of our affiliates, including NC SLF Inc., Nuveen Churchill Private Capital Income Fund, Corient Registered Alternatives Fund and other funds and accounts that the Advisers manage, which could include investments in the same portfolio company without prior approval of our independent directors and, in some cases, of the SEC. For example, we are prohibited from buying or selling any security from or to any person (or certain affiliates of a person) who owns more than 25% of our voting securities, or entering into prohibited joint transactions with such persons, absent the prior approval of the SEC. As a result of these restrictions, we may be prohibited from buying or selling any security (other than any security of which we are the issuer) from or to any portfolio company at the same time as another fund managed by any of the Advisers or their affiliates without the prior approval of the SEC, which may limit the scope of investment opportunities that would otherwise be available to us. We may, however, co-invest with each Adviser and its affiliates’ other clients in certain circumstances where doing so is consistent with applicable law and SEC staff interpretations. For example, we may co-invest with such accounts consistent with guidance promulgated by the SEC staff permitting us and such other accounts to purchase interests in a single class of privately placed securities so long as certain conditions are met, including that the applicable Adviser, acting on our behalf and on behalf of other clients, negotiates no term other than price. We also may co-invest with the Advisers’ or their affiliates’ other clients as otherwise permissible under regulatory guidance, applicable regulations, and Churchill’s allocation policy, which Churchill maintains in writing. Under this allocation policy, a portion of each opportunity, which may vary based on asset class and from time to time, is offered to us and similar eligible accounts, as periodically determined by Churchill. However, we can offer no assurance that investment opportunities will be allocated to us fairly or equitably in the short-term or over time. Additionally, we, the Advisers, and certain other funds and accounts sponsored or managed by the Advisers and their affiliates have been granted the Order by the SEC, which permits us greater flexibility to negotiate the terms of co-investments if the Board determines that it would be advantageous for us to co-invest with other accounts sponsored or managed by the Advisers or their affiliates in a manner consistent with our investment objective, positions, policies, strategies and restrictions as well as regulatory requirements and other pertinent factors. In situations where co-investment with other funds managed by one of the Advisers or its affiliates is not permitted or appropriate, such as when there is an opportunity to invest in different securities of the same issuer on a differential basis between clients or where the different investments could be expected to result in a conflict between our interests and those of other clients of the Advisers that cannot be mitigated or otherwise addressed pursuant to the policies and procedures of the applicable Adviser, the applicable Adviser must decide which client will proceed with the investment. Each Adviser makes these determinations based on its policies and procedures, which generally require that such opportunities be offered to eligible accounts on a basis that will be fair and equitable over time (and which takes into consideration the ability of the relevant account(s) to acquire securities in an amount and on terms suitable for the relevant transaction). Moreover, there will be a conflict of interest if we invest in any issuer in which a fund managed by the Advisers or their affiliates, including NC SLF Inc., Nuveen Churchill Private Capital Income Fund, Corient Registered Alternatives Fund and other funds and accounts that the Advisers manage, has previously invested, and in some cases, we will be restricted from making such investment. Similar restrictions limit our ability to transact business with our officers or directors or their affiliates.

Resignation Of Advisers And Nuveen Asset Management Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Each Adviser and Nuveen Asset Management can resign on 60 days’ notice, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations. Each Adviser and Nuveen Asset Management has the right to resign under the Advisory Agreements and the NAM Sub-Advisory Agreement, respectively, without penalty at any time upon 60 days’ written notice to us, whether we have found a replacement or not. If an Adviser resigns, we may not be able to find a new investment adviser or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms within 60 days, or at all. If Nuveen Asset Management resigns, we may not be able to find a new sub-adviser or hire internal management with similar expertise to manage certain of our liquid investments and ability to provide the same or equivalent services on acceptable terms within 60 days, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our financial condition, business and results of operations as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares may decline. In addition, the coordination of our internal management and investment activities is likely to suffer if we are unable to identify and reach an agreement with a single institution or group of executives having the expertise possessed by each Adviser, Nuveen Asset Management and their affiliates. Even if we were able to retain comparable management, whether internal or external, the integration of such management and their lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our financial condition, business and results of operations.

Resignation Of Administrator [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The Administrator can resign on 60 days’ notice from its role as our administrator under the Administration Agreement, and we may not be able to find a suitable replacement within that time, resulting in a disruption in our operations that could adversely affect our financial condition, business and results of operations. The Administrator has the right to resign under the Administration Agreement without penalty upon 60 days’ written notice to us, whether we have found a replacement or not. If the Administrator resigns, we may not be able to find a new administrator or hire internal management with similar expertise and ability to provide the same or equivalent services on acceptable terms, or at all. If we are unable to do so quickly, our operations are likely to experience a disruption, our financial condition, business and results of operations as well as our ability to pay distributions are likely to be adversely affected and the market price of our shares of common stock may decline. In addition, the coordination of our internal management and administrative activities is likely to suffer if we are unable to identify and reach an agreement with a service provider or individuals with the expertise possessed by the Administrator. Even if we were able to retain a comparable service provider or individuals to perform such services, whether internal or external, their integration into our business and lack of familiarity with our investment objective may result in additional costs and time delays that may adversely affect our financial condition, business and results of operations.

Access To Confidential Information Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our access to confidential information may restrict our ability to take action with respect to some of our investments, which, in turn, may negatively affect our results of operations. We, directly or through the Advisers, may obtain confidential information about the companies in which we may invest or be deemed to have such confidential information. The Advisers may come into possession of material, non-public information through its members, officers, directors, employees, principals or affiliates. The possession of such information may, to our detriment, limit the ability of us and the Advisers to buy or sell a security or otherwise to participate in an investment opportunity. In certain circumstances, employees of the Advisers may serve as board members or in other capacities for portfolio or potential portfolio companies, which could restrict our ability to trade in the securities of such companies. For example, if personnel of our Advisers come into possession of material non-public information with respect to our investments, such personnel will be restricted by our Advisers’ information-sharing policies and procedures or by law or contract from sharing such information with our management team, even where the disclosure of such information would be in our best interests or would otherwise influence decisions taken by the members of the management team with respect to that investment. This conflict and these procedures and practices may limit the freedom of the Advisers to enter into or exit from potentially profitable investments for us, which could have an adverse effect on our results of operations. Accordingly, there can be no assurance that we will be able to fully leverage the resources and industry expertise of our Advisers in the course of their duties. Additionally, there may be circumstances in which one or more individuals associated with our Advisers will be precluded from providing services to us because of certain confidential information available to those individuals or to other parts of our Advisers.

Limited Transactions With Derivatives And Unfunded Commitment Transactions [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our ability to enter into transactions involving derivatives and unfunded commitment transactions may be limited. In 2020, the SEC adopted Rule 18f-4 under the 1940 Act, which relates to the use of derivatives and other transactions that create future payment or delivery obligations by BDCs (and other funds that are registered investment companies). Under Rule 18f-4, BDCs that use derivatives are subject to a value-at-risk (“VaR”) leverage limit, certain derivatives risk management program and testing requirements, and requirements related to board reporting. These requirements apply unless the BDC qualifies as a “limited

Failure To Qualify As Business Development Company Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

If we do not invest a sufficient portion of our assets in qualifying assets, we could fail to qualify as a BDC, which would have a material adverse effect on our business, financial condition and results of operations. As a BDC, we may not acquire any assets other than “qualifying assets” unless, at the time the acquisition is made, at least 70% of our total assets are qualifying assets. We believe that most of the investments that we may acquire in the future will constitute qualifying assets. However, we may be precluded from investing in what we believe are attractive investments if such investments are not qualifying assets for purposes of the 1940 Act. If we do not invest a sufficient portion of our assets in qualifying assets, we could violate the 1940 Act provisions applicable to BDCs. As a result of such violation, specific rules under the 1940 Act could prevent us, for example, from making follow-on investments in existing portfolio companies, which could result in the dilution of our position or could require us to dispose of investments at inappropriate times in order to come into compliance with the 1940 Act. If we need to dispose of investments quickly, it could be difficult to dispose of such investments on favorable terms. We may not be able to find a buyer for such investments and, even if we do find a buyer, we may have to sell the investments at a substantial loss. Any such outcomes would have a material adverse effect on our business, financial condition, results of operations, and cash flows.

Fair Value Of Portfolio Investments Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Many of our portfolio investments will be recorded at fair value as determined in good faith by the Adviser, as the valuation designee, subject to the oversight of the Board, and, as a result, there may be uncertainty as to the value of our portfolio investments. Our Board designated the Adviser as our valuation designee (the “Valuation Designee”) pursuant to Rule 2a-5 under the 1940 Act to determine the fair value of our investments that do not have readily available market quotations. Under the 1940 Act, we are required to carry our portfolio investments at market value or if there is no readily available market value, at fair value as determined by the Valuation Designee, subject to the oversight of the Board. Many of our portfolio investments may take the form of securities that are not publicly traded. The fair value of securities and other investments that are not publicly traded may not be readily determinable, and we value these securities at fair value as determined in good faith by the Valuation Designee, including to reflect significant events affecting the value of our securities. As part of the valuation process, we may take into account the following types of factors, if relevant, in determining the fair value of our investments: • a comparison of the portfolio company’s securities to publicly traded securities; • the enterprise value of a portfolio company; • the nature and realizable value of any collateral; • the portfolio company’s ability to make payments and its earnings and discounted cash flow; • the markets in which the portfolio company does business; and • changes in the interest rate environment and the credit markets generally that may affect the price at which similar investments may be made in the future and other relevant factors. We expect that most of our investments (other than cash and cash equivalents) will be classified as Level 3 in the fair value hierarchy and require disclosures about the level of disaggregation along with the inputs and valuation techniques we use to measure fair value. This means that our portfolio valuations are based on unobservable inputs and our own assumptions about how market participants would price the asset or liability in question. Inputs into the determination of fair value of our portfolio investments require significant management judgment or estimation. Even if observable market data is available, such information may be the result of consensus pricing information or broker quotes, which include a disclaimer that the broker would not be held to such a price in an actual transaction. The non-binding nature of consensus pricing and/or quotes accompanied by disclaimers materially reduces the reliability of such information. We employ the services of one or more independent service providers to review the valuation of these securities. The types of factors that the Valuation Designee may take into account in determining the fair value of our investments generally include, as appropriate, comparison to publicly traded securities including such factors as yield, maturity and measures of credit quality, the enterprise value of a portfolio company, the nature and realizable value of any collateral, the portfolio company’s ability to make payments and its earnings and discounted cash flow, the markets in which the portfolio company does business and other relevant factors. Because such valuations, and particularly valuations of private securities and private companies, are inherently uncertain, may fluctuate over short periods of time and may be based on estimates, our determinations of fair value may differ materially from the values that would have been used if a ready market for these securities existed. Due to this uncertainty in the value of our portfolio investments, a fair value determination may cause NAV on a given date to materially understate or overstate the value that we may ultimately realize upon one or more of our investments. As a result, investors purchasing our shares based on an overstated NAV would pay a higher price than the value of the investments might warrant. Conversely, investors selling shares during a period in which the NAV understates the value of investments will receive a lower price for their shares than the value the investment portfolio might warrant. We will adjust quarterly the valuation of our portfolio to reflect the determination of the Valuation Designee of the fair value of each investment in our portfolio. Any changes in fair value are recorded in our statements of operations as net change in unrealized gain (loss) on investments.

Tax Status Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We will be subject to U.S. federal income tax imposed at corporate rates on our earnings if we are unable to qualify or maintain qualification as a RIC under Subchapter M of the Code. We have elected, and intend to qualify annually thereafter, to be treated as a RIC under Subchapter M of the Code; however, no assurance can be given that we will be able to qualify for and maintain RIC tax treatment. To qualify as a RIC, we must meet certain requirements, including source-of-income, asset diversification and distribution requirements. The annual distribution requirement applicable to RICs generally is satisfied if we timely distribute (or are deemed to distribute) for each taxable year at least 90% of our net ordinary taxable income plus the excess of realized net short-term capital gains over realized net long-term capital losses, if any,. We will be subject to U.S. federal income tax imposed at corporate rates on any income that we do not timely distribute. In addition, we may be subject to a 4% U.S. federal excise tax on undistributed earnings of a RIC unless we distribute each calendar year at least the sum of (i) 98% of our ordinary income for each calendar year, (ii) 98.2% of the amount by which our capital gain exceeds our capital loss (adjusted for certain ordinary losses) for the one-year period ending on October 31 of the calendar year, and (iii) any certain undistributed amounts from previous years on which we paid no U.S. federal income tax. To the extent we use debt financing, we will be subject to certain asset coverage ratio requirements under the 1940 Act and may be subject to financial covenants under loan and credit agreements, each of which could, under certain circumstances, restrict us from making annual distributions necessary to receive RIC tax treatment. If we are unable to obtain cash needed to pay such annual distributions from other sources, we may fail to be taxed as a RIC and, thus, may be subject to U.S. federal income tax imposed at corporate rates on our entire taxable income without regard to any distributions made by us. In order to be taxed as a RIC, we must also meet certain asset diversification requirements at the end of each quarter of our taxable year. Failure to meet these tests may result in our having to dispose of certain investments quickly in order to prevent the loss of RIC tax treatment. Because most of our investments are in private or thinly traded public companies, any such dispositions could be made at disadvantageous prices and may result in substantial losses. If we fail to be taxed as a RIC for any reason and become subject to U.S. federal income tax imposed at corporate rates, the resulting tax could substantially reduce our net assets, the amount of income available for distributions to shareholders and the amount of our distributions and the amount of funds available for new investments. Such a failure would have a material adverse effect on us and our shareholders.

Recognizing Income Before Receiving Cash Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may have difficulty paying our required distributions if we recognize income before, or without, receiving cash representing such income. For U.S. federal income tax purposes, we will include in income certain amounts that we have not yet received in cash, such as OID, or through contracted PIK interest, which represents contractual interest added to the loan balance and due at the end of the loan term. OID, which could be significant relative to our overall investment activities, or increases in loan balances as a result of contracted PIK arrangements, will be included in income before we receive any corresponding cash payments. We also may be required to include in income certain other amounts that we will not receive in cash. Beginning in fiscal quarter ending June 30, 2025, following the expiration of the fee waiver, the part of the incentive fee that will be payable by us that relates to our net investment income is computed and will be paid on income that may include interest that has been accrued but not yet received in cash, such as OID and PIK interest. If we pay a net investment income incentive fee on interest that has been accrued, but not yet received in cash, it will increase the basis of our investment in that loan, which will reduce the capital gains incentive fee that we would otherwise pay in the future. Nevertheless, if we pay a net investment income incentive fee on interest that has been accrued but not yet received, and if that portfolio company defaults on such a loan, it is possible that accrued interest previously included in the calculation of the incentive fee will become uncollectible.

Business Development Company Regulations Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Regulations governing our operation as a BDC affect our ability to and the way in which we raise additional capital. We may issue debt securities or preferred shares and/or borrow money from banks or other financial institutions, which we refer to collectively as “senior securities,” up to the maximum amount permitted by the 1940 Act. Under the provisions of the 1940 Act, we are permitted as a BDC to issue senior securities in amounts such that our asset coverage ratio, as defined in the 1940 Act, equals at least 150% of total assets less all liabilities and indebtedness not represented by senior securities, immediately after each issuance of senior securities. If the value of our assets declines, we may be unable to satisfy this requirement. If that happens, we may be required to sell a portion of our investments and, depending on the nature of our leverage, repay a portion of our indebtedness at a time when such sales may be disadvantageous. This could have a material adverse effect on our operations and we may not be able to make distributions in an amount sufficient to qualify as a RIC, or at all. In addition, issuance of securities could dilute the percentage ownership of our current shareholders in us. No person or entity from which we borrow money will have a veto power or a vote in approving or changing any of our fundamental policies. If we issue preferred shares, the preferred shares would rank “senior” to shares in our capital structure, preferred shareholders would have separate voting rights on certain matters and might have other rights, preferences or privileges more favorable than those of our shareholders, and the issuance of preferred shares could have the effect of delaying, deferring or preventing a transaction or a change of control that might involve a premium price for holders of our shares or otherwise be in your best interest. Holders of our shares will directly or indirectly bear all of the costs associated with offering and servicing any preferred shares that we issue. In addition, any interests of preferred shareholders may not necessarily align with the interests of holders of our shares and the rights of holders of preferred shares to receive dividends would be senior to those of holders of our shares. As a BDC, we generally are not able to issue our shares at a price below NAV per share without first obtaining the approval of our shareholders and our independent directors. If we raise additional funds by issuing more shares or senior securities convertible into, or exchangeable for, our shares, then percentage ownership of our shareholders at that time would decrease, and you might experience dilution. We may seek shareholder approval to sell shares below NAV in the future.

Publicly Offered Regulated Investment Company Status Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

If we are not treated as a “publicly offered regulated investment company,” certain shareholders will be treated as having received certain income and their allocable share of expenses, which may not be deductible. A “publicly offered regulated investment company” is a RIC whose shares are either (i) continuously offered pursuant to a public offering within the meaning of Section 4 of the Securities Act, (ii) regularly traded on an established securities market or (iii) held by at least 500 persons at all times during the taxable year. While we anticipate that we will continue to constitute a publicly offered RIC, there can be no assurance that we will in fact so qualify for any of our taxable years. If we are not treated as a publicly offered regulated investment company for any calendar year, each U.S. shareholder that is an individual, trust or estate will be treated as having received a dividend from us in the amount of such U.S. shareholder’s allocable share of the base management fee and incentive fees paid to the Adviser and certain of our other expenses for the calendar year, and these fees and expenses will be treated as miscellaneous itemized deductions of such U.S. shareholder. For taxable years beginning before 2026, miscellaneous itemized deductions generally are not deductible by a U.S. shareholder that is an individual, trust or estate. For taxable years beginning in 2026 or later, miscellaneous itemized deductions generally are deductible by a U.S. shareholder that is an individual, trust or estate only to the extent that the aggregate of such U.S. shareholder’s miscellaneous itemized deductions exceeds 2% of such U.S. shareholder’s adjusted gross income for U.S. federal income tax purposes, are not deductible for purposes of the alternative minimum tax and are subject to the overall limitation on itemized deductions under the Code.

Leverage, Potential For Loss Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

When we use leverage, the potential for loss on amounts invested in us will be magnified and may increase the risk of investing in us. Leverage also may adversely affect the return on our assets, reduce cash available for distribution to our shareholders, and result in losses. The use of borrowings, also known as leverage, increases the volatility of investments by magnifying the potential for loss on invested equity capital. When we use leverage to partially finance our investments, through borrowing from banks and other lenders, shareholders will experience increased risks of investing in our shares. If the value of our assets decreases, leveraging would cause NAV to decline more sharply than it otherwise would have had we not leveraged. Similarly, any decrease in our income would cause net income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to make distributions to our shareholders. In addition, our shareholders will bear the burden of any increase in our expenses as a result of our use of leverage, including interest expenses and any increase in the management fees or incentive fees (beginning in fiscal quarter ending June 30, 2025 following the expiration of the fee waiver) payable to the Adviser. We use and intend to continue to use leverage to finance our investments. The amount of leverage that we employ will depend on the Adviser’s and our Board’s assessment of market and other factors at the time of any proposed borrowing. There can be no assurance that leveraged financing will be available to us on favorable terms or at all. However, to the extent that we use leverage to finance our assets, our financing costs will reduce cash available for distributions to shareholders. Moreover, we may not be able to meet our financing obligations and, to the extent that we cannot, we risk the loss of some or all of our assets to liquidation or sale to satisfy the obligations. In such an event, we may be forced to sell assets at significantly depressed prices due to market conditions or otherwise, which may result in losses. We generally are required to meet a coverage ratio of total assets to total borrowings and other senior securities, which include all of our borrowings and any preferred shares that we may issue in the future, of at least 150%. If this ratio were to fall below 150%, we could not incur additional debt and could be required to sell a portion of our investments to repay some debt when it is disadvantageous to do so. This could have a material adverse effect on our operations and investment activities. Moreover, our ability to make distributions to shareholders may be significantly restricted or we may not be able to make any such distributions whatsoever. The amount of leverage that we will employ will be subject to oversight by our Board, a majority of whom are independent directors with no material interests in such transactions. Although leverage has the potential to enhance overall returns that exceed our cost of funds, they will further diminish returns (or increase losses on capital) to the extent overall returns are less than our cost of funds. In addition, borrowings may be secured by the shareholders’ investments as well as by our assets and the documentation relating to such transactions may provide that during the continuance of a default under such arrangement, the interests of the holders of shares may be subordinated to the interests of our lenders or debt holders. Our credit facilities and other borrowing arrangements impose financial and operating covenants that restrict our business activities, including limitations that could hinder our ability to finance additional loans and investments or to make the distributions required to maintain our qualification as a RIC under the Code. A failure to renew our facilities or to add new or replacement debt facilities or issue additional debt securities or other evidences of indebtedness could have a material adverse effect on our business, financial condition, results of operations and liquidity. The following table illustrates the effect of leverage on returns from an investment in our shares assuming various annual returns on our portfolio, net of expenses. The calculations in the table below are hypothetical, and actual returns may be higher or lower than those appearing in the table below. Assumed Return on Portfolio (10)% (5)%) 0% 5% 10% Corresponding Return to Common Shareholders (1) (13.71)% (8.71)% (3.71)% 1.29% 6.29% ________________ (1) Based on (i) $2.2 billion in total assets as of December 31, 2024, (ii) 1.1 billion in outstanding indebtedness at par, as of December 31, 2024, (iii) $1.0 billion in net assets as of December 31, 2024 and (iv) an average interest rate, including fees (such as fees on undrawn amounts and amortization of financing costs), on our indebtedness, as of December 31, 2024, of 7.61%.

Capital Markets Disruption And Economic Uncertainty Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

A period of capital markets disruption and economic uncertainty may make it difficult to raise additional capital and any failure to do so could have a material adverse effect on our business, financial condition or results of operations. Disruptions in the capital markets may result in market conditions that could make it difficult to raise additional capital with similar terms and any failure to do so could have a material adverse effect on our business. The debt capital that may be available to us in the future, if at all, may be at a high cost and on unfavorable terms and conditions, including being at a higher cost in rising rate environments. If we were unable to raise additional debt, then our equity investors may not benefit from the potential for increased returns on equity resulting from leverage and we may be limited in our ability to make new commitments or to fund existing commitments to our portfolio companies. In these circumstances, if we were unable to obtain credit facilities on commercially reasonable terms, our liquidity may be reduced significantly. If we are unable to repay amounts outstanding under any facility we may enter into and be declared in default or were unable to renew or refinance any such facility, it would limit our ability to initiate significant originations or to operate our business in the normal course. These situations may arise due to circumstances that we may be unable to control, such as inaccessibility of the credit markets, a severe decline in the value of the U.S. dollar, a further economic downturn or an operational problem that affects third parties or us, and could materially damage our business. Moreover, we are unable to predict when economic and market conditions may become more favorable. An inability to obtain new indebtedness could have a material adverse effect on our business, financial condition or results of operations.

Asset Coverage Requirement Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our asset coverage requirement was reduced from 200% to 150%, which could increase the risk of investing in the Company. The 1940 Act generally prohibits BDCs from incurring indebtedness unless immediately after such borrowing it has an asset coverage for total borrowings of at least 200% or 150% if certain requirement under the 1940 Act are met. The Board and TIAA (as the Company’s initial shareholder) approved a proposal to adopt an asset coverage ratio of 150% in connection with the organization of the Company, which became effective on December 26, 2019. Incurring additional indebtedness could increase the risk of investing in the Company. Leverage magnifies the potential for loss on investments in our indebtedness and on invested equity capital. As we use leverage to partially finance our investments, you will experience increased risks of investing in our shares. If the value of our assets increases, then leveraging would cause the NAV attributable to our shares to increase more sharply than it would have had we not leveraged. Conversely, if the value of our assets decreases, leveraging would cause NAV to decline more sharply than it otherwise would have had we not leveraged our business. Similarly, any increase in our income in excess of interest payable on the borrowed funds would cause our net investment income to increase more than it would without the leverage, while any decrease in our income would cause net investment income to decline more sharply than it would have had we not borrowed. Such a decline could negatively affect our ability to pay dividends, scheduled debt payments or other payments related to our securities. Leverage is generally considered a speculative investment technique.

Provisions In Credit Facilities Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Provisions in our credit facilities may limit our investment discretion. Our existing and any future credit facilities may be backed by all or a portion of our loans and securities on which the lenders will have a security interest. We may pledge up to 100% of our assets and may grant a security interest in all of our assets under the terms of any debt instrument we enter into with lenders. We expect that any security interests we grant will be set forth in a pledge and security agreement and evidenced by the filing of financing statements by the agent for the lenders. In addition, we expect that the custodian for our securities serving as collateral agent for such loan would include in its electronic systems notices indicating the existence of such security interests and, following notice of occurrence of an event of default, if any, and during its continuance, will only accept transfer instructions with respect to any such securities from the lender or its designee. If we were to default under the terms of any debt instrument, the agent for the applicable lenders would be able to assume control of the timing of disposition of any or all of our assets securing such debt, which would have a material adverse effect on our business, financial condition, results of operations and cash flows. In connection with one or more credit facilities entered into by the Company, distributions to shareholders may be subordinated to payments required in connection with any indebtedness contemplated thereby. In addition, any security interests and/or negative covenants required by a credit facility may limit our ability to create liens on assets to secure additional debt and may make it difficult for us to restructure or refinance indebtedness at or prior to maturity or obtain additional debt or equity financing. In addition, if our borrowing base under a credit facility were to decrease, we may be required to secure additional assets in an amount sufficient to cure any borrowing base deficiency. In the event that all of our assets are secured at the time of such a borrowing base deficiency, we could be required to repay advances under a credit facility or make deposits to a collection account, either of which could have a material adverse impact on our ability to fund future investments and to make distributions. In addition, we may be subject to limitations as to how borrowed funds may be used, which may include restrictions on geographic and industry concentrations, loan size, payment frequency and status, average life, collateral interests and investment ratings, as well as regulatory restrictions on leverage which may affect the amount of funding that may be obtained. There also may be certain requirements relating to portfolio performance, including required minimum portfolio yield and limitations on delinquencies and charge-offs, a violation of which could limit further advances and, in some cases, result in an event of default. An event of default under a credit facility could result in an accelerated maturity date for all amounts outstanding thereunder, which could have a material adverse effect on our business and financial condition. This could reduce our liquidity and cash flow and impair our ability to grow our business.

Credit Facility Defaults Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Any defaults under a credit facility could adversely affect our business. In the event we default under a credit facility or other borrowings, our business could be adversely affected as we may be forced to sell a portion of our investments quickly and prematurely at what may be disadvantageous prices to us in order to meet our outstanding payment obligations and/or support working capital requirements under such borrowing facility, any of which would have a material adverse effect on our business, financial condition, results of operations and cash flows. In addition, following any such default, the agent for the lenders under such borrowing facility could assume control of the disposition of any or all of our assets, including the selection of such assets to be disposed and the timing of such disposition, which would have a material adverse effect on our business, financial condition, results of operations and cash flows.

Debt Securitizations Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are subject to risks associated with our debt securitizations. As a result of debt securitizations sponsored by us, including the 2022 Debt Securitization, the 2023 Debt Securitization and the 2024 Debt Securitization, we are subject to a variety of risks, including those set forth below. We use the term “debt securitization” to describe a form of secured borrowing under which an operating company (sometimes referred to as an “originator” or “sponsor”) acquires or originates loans or other assets that earn income, whether on a one-time or recurring basis (collectively, “income producing assets”), and borrows money on a non-recourse basis against a legally separate pool of loans or other income producing assets. In a typical debt securitization, the originator transfers the loans or income producing assets to a single-purpose, bankruptcy-remote subsidiary (also referred to as a “special purpose entity”), which is established solely for the purpose of holding loans and income producing assets and issuing debt secured by these income producing assets. The special purpose entity completes the borrowing through the issuance of notes secured by the loans or other assets. The special purpose entity may issue the notes in the capital markets to a variety of investors, including banks, non-bank financial institutions and other investors. In our debt securitizations, institutional investors purchase certain notes issued by our indirect, wholly-owned subsidiary, in private placements. Pursuant to a collateral management agreement governing our debt securitization, we may incur liability as the collateral manager to our indirect, wholly-owned subsidiary. Additionally, as collateral manager to our indirect, wholly-owned subsidiary, we manage multiple tranches of debt associated with the debt securitization. We also hold equity in the debt securitization, and this first loss position may create a more concentrated risk of loss compared to our overall portfolio. See “Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources” for more information about CLO-I, CLO-II and CLO-III.

Notes And Membership Interests Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The Notes and membership interests that we hold that were issued in our debt securitizations are subordinated obligations of the respective CLO and we could be prevented from receiving cash from such CLO. The notes offered in each of the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization (together, the “Notes”) were issued by our indirect, wholly-owned, consolidated subsidiaries (each, a “CLO”). The Notes that were issued by each CLO and retained by us are the most junior class of notes issued by the respective CLO, are subordinated in priority of payment to the other notes issued by the CLO and will be subject to certain payment restrictions set forth in the respective indenture governing the Notes issued by such CLO. Therefore, we only receive cash distributions on the Notes if such CLO has made all cash interest payments to all other notes it has issued. Consequently, to the extent that the value of the portfolio of loan investments held by the CLO has been reduced as a result of conditions in the credit markets, or as a result of defaulted loans or individual fund assets, the value of the Notes that we have retained at their redemption could be reduced. If the CLO does not meet the asset coverage tests or the interest coverage test set forth in the documents governing such debt securitization, cash would be diverted from the Notes that we hold to first pay the more senior notes issued by the CLO in amounts sufficient to cause such tests to be satisfied. Separately, we may incur expenses to the extent necessary to seek recovery upon default or to negotiate new terms, which may include the waiver of certain financial covenants, with the CLO or any other investment we may make. If any of these occur, it could materially and adversely affect our operating results and cash flows. Each CLO is the residual claimant on funds, if any, remaining after holders of all classes of notes issued by such CLO have been paid in full on each payment date or upon maturity of such notes under such debt securitization documents. As the holder of the membership interests in the CLO, we could receive distributions, if any, only to the extent that the CLO makes distributions out of funds remaining after holders of all classes of notes issued by the CLO have been paid in full on the payment date any amounts due and owing on such payment date or upon maturity of such notes. In the event that we fail to receive cash directly from the CLO, we could be unable to make distributions in amounts sufficient to qualify as a RIC, or at all.

Conflicts Of Interest With CLO Transactions Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may be subject to conflicts of interest caused by our role as a collateral manager in CLO transactions. We serve as collateral manager to each CLO under a collateral management agreement, and we may serve as collateral manager for additional CLOs in the future. There may be conflicts of interest associated with sponsoring and managing a CLO, including from the issuance of debt securitizations through CLOs we create to refinance our secured borrowings. In creating a CLO, we depend in part on distributions from the CLO’s assets out of its earnings and cash flows to enable us to make distributions to shareholders. The ability of a CLO to make distributions will be subject to various limitations, including the terms and covenants of the debt it issues. A CLO also may take actions that delay distributions in order to preserve ratings and to keep the cost of present and future financings lower or the CLO may be obligated to retain cash or other assets to satisfy over-collateralization requirements commonly provided for holders of the CLO’s debt, which could impact our ability to receive distributions from the CLO. Our use of CLOs that we manage to satisfy financing needs, including through the declaration of distributions or the negotiation of terms and covenants in the debt it issues, may create conflicts of interest.

Common Stock Market Value Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We cannot assure you that the market price of our common stock will not decline below our NAV. The market value of our common stock may be volatile and fluctuate significantly. Our common stock is listed on the NYSE under the symbol “NCDL.” We cannot assure you that the trading market can be sustained. In addition, we cannot predict the prices at which our common stock will trade. Also, shares of closed-end investment companies, including BDCs, frequently trade at a discount from their NAV and our shares may also be discounted in the market. This characteristic of closed-end investment companies is separate and distinct from the risk that our NAV per share may decline. We cannot predict whether our common stock will trade at, above or below NAV. The risk of loss associated with this characteristic of closed-end management investment companies may be greater for investors expecting to sell common stock purchased in the offering soon after the offering. In addition, if our common stock trades below its NAV, we will generally not be able to sell additional common stock to the public at its market price without first obtaining the approval of a majority of our shareholders (including a majority of our unaffiliated shareholders) and our independent directors for such issuance. The market value and liquidity, if any, for shares of our common stock may be significantly affected by numerous factors, some of which are beyond our control and may not be directly related to our operating performance. These factors include, but are not limited to: • changes in the value of our portfolio of investments as a result of changes in market factors, such as interest rate shifts, and also portfolio specific performance, such as portfolio company defaults, among other reasons; • changes in regulatory policies or tax guidelines, particularly with respect to RICs or BDCs; • failure to maintain our qualification as a RIC; • distributions that exceed our net investment income and net income as reported according to U.S. GAAP; • changes in earnings or variations in operating results; • changes in accounting guidelines governing valuation of our investments; • any shortfall in revenue or net income or any increase in losses from levels expected by investors or securities analysts; • departure of our Advisers or certain of their key personnel; • general economic trends and other external factors; and • loss of a major funding source. If any of the above and other factors currently unknown to us were to occur, it could have a material adverse effect on the market price of our common stock.

Shareholder Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our shareholders may experience dilution. Our shareholders will not have preemptive rights to subscribe for or purchase any of our shares issued in the future. Under the 1940 Act, we generally are prohibited from issuing or selling our common shares at a price below NAV, which may be a disadvantage as compared with other public companies. We may, however, sell our common shares, or warrants, options, or rights to acquire our common shares, at a price below NAV if our independent directors determine that such sale is in our best interests and the best interests of our shareholders, and our shareholders, including a majority of unaffiliated shareholders, approve such sale. At a special meeting of shareholders held on December 15, 2023, our shareholders authorized us, subject to approval of our Board, to sell or otherwise issue shares of our common stock during the next year at a price below our NAV per share, subject to certain conditions. The authorization was effective until December 15, 2024. We expect to present a similar proposal to our shareholders at our 2025 Annual Meeting of Shareholders. In any such case, the price at which our securities are to be issued and sold may not be less than a price that, in the determination of our Board, closely approximates the fair value of such securities (less any distributing commission or discount). If we issue additional equity interests, including in a follow-on public offering, a rights offering, or private offering, a shareholder’s percentage ownership interest in us will be diluted. If we sell or otherwise issue shares of our common stock at a discount to NAV, it will pose a risk of dilution to our shareholders. In particular, shareholders who do not purchase additional shares at or below the discounted price in proportion to their current ownership will experience an immediate decrease in NAV per share (as well as in the aggregate NAV of their shares if they do not participate at all). These shareholders will also experience a disproportionately greater decrease in their participation in our earnings

Purchase Of Common Stock Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Purchases of our shares of common stock by us under the Company 10b5-1 Plan may result in the price of our shares of common stock being higher than the price that otherwise might exist in the open market. On March 5, 2024, we entered into a share repurchase program (the “Company 10b5-1 Plan”), pursuant to which we may purchase up to $99,275,000 in the aggregate of our shares of common stock in the open market at prices below our NAV per share over a specified period. The Company 10b5-1 Plan will terminate upon the earliest to occur of (i) 12-months from the effective date of March 29, 2024 (tolled for periods during which the Company 10b5-1 Plan is suspended), (ii) the end of the trading day on which the aggregate purchase price for all shares purchased under the Company 10b5-1 Plan equals $99,275,000 and (iii) the occurrence of certain other events described in the Company 10b5-1 Plan.

Purchase Of Common Stock, NAV Per Share Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Purchases of our shares of common stock by us under the Company 10b5-1 Plan may result in dilution to our NAV per share. The Company 10b5-1 Plan requires BofA Securities, Inc., as our agent, to repurchase shares of common stock on our behalf when the market price per share is below the most recently reported NAV per share (including any updates, corrections or adjustments publicly announced by us to any previously announced NAV per share). Under the Company 10b5-1 Plan, the agent will increase the volume of purchases made as the price of our shares of common stock declines, subject to volume restrictions. Because purchases under the Company 10b5-1 Plan will be made beginning at any price below our most recently reported NAV per share, if our NAV per share as of the end of a quarter is lower than the net asset per share as of the end of the prior quarter, purchases under the Company 10b5-1 Plan during the period from the end of a quarter to the time of our earnings release announcing the new NAV per share for that quarter may result in dilution to our NAV per share. This dilution would occur because we would repurchase shares under the Company 10b5-1 Plan at a price above the NAV per share as of the end of the most recent quarter end, which would cause a proportionately smaller increase in our shareholders’ interest in our earnings and assets and their voting interest in us than the decrease in our assets resulting from such repurchase. As a result of any such dilution, our market price per share may decline. The actual dilutive effect will depend on the number of shares of common stock that could be so repurchased, the price and the timing of any repurchases under the Company 10b5-1 Plan.

Common Stock Distributions Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Investors in our common stock may not receive distributions consistent with historical levels or at all or that our distributions may not grow over time and a portion of our distributions may be a return of capital. We intend to make distributions on a quarterly basis to our shareholders out of assets legally available for distribution. However, we cannot assure you that we will achieve investment results that will allow us to make a specified level of cash distributions. Our ability to pay distributions may be adversely affected by the impact of one or more of the risk factors described herein, including market and economic disruptions. If we violate certain covenants under existing or future agreements governing our credit facilities and other indebtedness arrangements, we may be limited in our ability to make distributions. If we declare a distribution and if more shareholders opt to receive cash distributions rather than participate in our dividend reinvestment plan, we may be forced to sell some of our investments in order to make cash distribution payments. To the extent we make distributions to shareholders that include a return of capital, such portion of the distribution essentially constitutes a return of the shareholders’ investment. Although such return of capital may not be taxable, such distributions would generally decrease a shareholder's adjusted tax basis in our shares and may therefore increase such shareholder’s tax liability for capital gains upon the future sale of such stock. A return of capital distribution may cause a shareholder to recognize a capital gain from the sale of our shares even if the shareholder sells its shares for less than the original purchase price.

Current Market Condition Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Due to current market conditions, we may reduce or defer our dividends and choose to incur U.S. federal excise tax in order preserve cash and maintain flexibility. We are not required to make any distributions to shareholders other than in connection with our election to be treated as a RIC under Subchapter M of the Code, the requirements of which are described above. Under the Code, we may satisfy certain of our RIC distribution requirements with dividends paid after the end of the current year. In particular, if we pay a distribution in January of the following year that was declared in October, November, or December of the current year and is payable to shareholders of record in the current year, the dividend will be treated for all U.S. federal tax purposes as if it were paid on December 31 of the current year. In addition, under the Code, we may pay dividends, referred to as “spillover dividends,” that are paid during the following taxable year that will allow us to maintain our qualification as a RIC and eliminate our liability for U.S. federal income tax. Under these spillover dividend procedures, we may defer distribution of income earned during the current year until December of the following year. For example, we may defer distributions of income earned during 2024 until as late as December 31, 2025. If we choose to pay a spillover dividend, we may incur the 4% U.S. federal excise tax on some or all of the distribution. Due to these disruptive conditions (as described herein), we may take certain actions with respect to the timing and amounts of our distributions in order to preserve cash and maintain flexibility. For example, we may reduce the amount of our dividends and/or defer our dividends to the following taxable year. If we defer our dividends, we may choose to utilize the spillover dividend rules discussed above and we may be subject to the 4% U.S. federal excise tax on such amounts. To further preserve cash, we may combine these reductions or deferrals of dividends with one or more distributions that are payable partially in our stock (see “We may choose to pay a portion of our dividends in our own shares, in which case you may be required to pay U.S. federal income taxes in excess of the cash you receive” for more information).

Paying Dividends In Own Shares Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may choose to pay a portion of our dividends in our own shares, in which case you may be required to pay U.S. federal income taxes in excess of the cash you receive. We have adopted an “opt-out” dividend reinvestment plan that provides for reinvestment of our dividends and other distributions on behalf of our shareholders if such shareholder fails to “opt-out” of the plan. Shareholders that opt in to our dividend reinvestment plan will receive dividends that are payable in part in our shares. Shareholders receiving such dividends will be required to include the full amount of the dividend as ordinary income (or as long-term capital gain or qualified dividend income to the extent such distribution is properly reported as such) to the extent of our current and accumulated earnings and profits for U.S. federal income tax purposes. For individuals, the top marginal U.S. federal income tax rate applicable to ordinary income is 37%. To the extent distributions paid by us to non-corporate shareholders (including individuals) are attributable to dividends from U.S. corporations and certain qualified foreign corporations, such “qualified dividends” may be subject to U.S. federal income tax imposed at a rate of 20%. However, it is anticipated that distributions paid by us will generally not be attributable to qualified dividends and, therefore, generally will not qualify for such preferential U.S. federal income tax rate. Distributions of our net capital gains (which is generally our realized net long-term capital gains in excess of realized net short-term capital losses) properly reported by us as “capital gain dividends” will be taxable to a U.S. shareholder as long-term capital gains currently at a maximum U.S. federal income tax rate of 20%. As a result of receiving dividends in the form of our shares, a U.S. shareholder may be required to pay tax with respect to such dividends in excess of any cash received. Under certain applicable provisions of the Code and the published guidance, distributions payable of a publicly offered RIC that are in cash or in shares of stock at the election of shareholders may be treated as taxable distributions. The Internal Revenue Service has issued a revenue procedure indicating that this rule will apply if the total amount of cash to be distributed is not less than 20% of the total distribution. Under this revenue procedure, if too many shareholders elect to receive their distributions in cash, the cash available for distribution must be allocated among the shareholders electing to receive cash (with the balance of distributions paid in stock). A “publicly offered regulated investment company” is a RIC whose shares are either (i) continuously offered pursuant to a public offering within the meaning of Section 4 of the Securities Act, (ii) regularly traded on an established securities market or (iii) held by at least 500 persons at all times during the taxable year. If we qualify as a publicly offered RIC and decide to make any distributions consistent with this revenue procedure that are payable in part in our stock, taxable shareholders receiving such distributions will be required to include the full amount of the distribution (whether received in cash, our stock, or a combination thereof) as ordinary income (or as long-term capital gain to the extent such distribution is properly reported as a capital gain distribution) to the extent of our current and accumulated earnings and profits for U.S. federal income tax purposes. As a result, a U.S. shareholder may be required to pay tax with respect to such distributions in excess of any cash received. If a U.S. shareholder sells the shares it receives as a dividend in order to pay this tax, the sales proceeds may be less than the amount included in income with respect to the dividend, depending on the market price of our shares at the time of the sale. Furthermore, with respect to non-U.S. shareholders, we may be required to withhold U.S. federal tax with respect to such dividends, including in respect of all or a portion of such dividend that is payable in shares. In addition, if a significant number of our shareholders determine to sell our shares in order to pay taxes owed on dividends, it may put downward pressure on the value of our shares. In addition, as discussed above, our loans may contain a PIK interest provision. The PIK interest, computed at the contractual rate specified in each loan agreement, is added to the principal balance of the loan and recorded as interest income. To avoid the imposition of U.S. federal income tax, we will need to make sufficient distributions, a portion of which may be paid in our shares, regardless of whether our recognition of income is accompanied by a corresponding receipt of cash.

Investing In Shares Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Investing in our shares may involve an above-average degree of risk. The investments we make in accordance with our investment objective may result in a higher amount of risk than alternative investment options and a higher risk of volatility or loss of principal. Our investments in portfolio companies may be highly speculative and aggressive and, therefore, an investment in our shares may not be suitable for someone with lower risk tolerance.

Provisions Of Charter And Bylaws [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Provisions of the MGCL and our Charter and Bylaws could deter takeover attempts and have an adverse effect on the price of our shares. The MGCL and our Articles of Amendment and Restatement (as amended, the “Charter”) and our Bylaws (the “Bylaws”) contain provisions that may discourage, delay or make more difficult a change in control of us or the removal of our directors. We are subject to the Maryland Business Combination Act, subject to any applicable requirements of the 1940 Act. The Board has adopted a resolution exempting from the Maryland Business Combination Act any business combination between us and any other person, subject to prior approval of such business combination by the Board, including approval by a majority of our independent directors. If the resolution exempting business combinations is repealed or the Board does not approve a business combination, the Maryland Business Combination Act may discourage third parties from trying to acquire control of us and increase the difficulty of consummating such an offer. The SEC has rescinded its position that, under the 1940 Act, an investment company may not avail itself of the Maryland Control Share Acquisition Act. As a result, we will amend our Bylaws to be subject to the Maryland Control Share Acquisition Act, only if the Board determines that it would be in our best interests to do so, including in light of the Board's fiduciary obligations, applicable federal and state laws, and the particular circumstances surrounding the Board's decision. If such conditions are met, and we amend our Bylaws to repeal the exemption from the Maryland Control Share Acquisition Act, the Maryland Control Share Acquisition Act also may make it more difficult for a third party to obtain control of us and increase the difficulty of consummating such a transaction. We have adopted certain measures that may make it difficult for a third-party to obtain control of us, including provisions of our Charter classifying the Board in three staggered terms and authorizing the Board to classify or reclassify shares of our capital stock in one or more classes or series and to cause the issuance of additional shares of our stock. These provisions, as well as other provisions of our Charter and Bylaws, may delay, defer or prevent a transaction or a change in control that might otherwise be in the best interests of our shareholders.

Exclusive Forum Selection Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

Our Bylaws include an exclusive forum selection provision, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers or other agents. As permitted by the MGCL, our Bylaws require that, unless we consent in writing to the selection of an alternative forum, the Circuit Court for Baltimore City (or, if that court does not have jurisdiction, the United States District Court for the District of Maryland, Northern Division) shall be the sole and exclusive forum for (i) any derivative action or proceeding brought on behalf of the Company (ii) any action asserting a claim of breach of any standard of conduct or legal duty owed to (1) the Company by any of the Company’s directors, officers or other agents or (2) its stockholders, (iii) any action asserting a claim arising pursuant to any provision of the MGCL or the Charter or the Bylaws (as either may be amended from time to time), or (iv) any action asserting a claim governed by the internal affairs doctrine. There is uncertainty as to whether a court would enforce such a provision to claims arising under the federal securities laws, including the Securities Act and the Exchange Act, and stockholders cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In addition, this provision may increase costs for stockholders in bringing a claim against us or our directors, officers or other agents by requiring that such claims be brought in the designated forum. The exclusive forum selection provision in our Bylaws may limit our stockholders’ ability to select and obtain a favorable judicial forum for disputes with us or our directors, officers or other agents, which may discourage lawsuits against us and such persons. It is also possible that, notwithstanding such exclusive forum selection provision and the MGCL, a court could rule that such provision is inapplicable or unenforceable. If this occurred, we may incur additional costs associated with resolving such action in another forum, which could materially adversely affect our business, financial condition and results of operations.

March 2030 Notes, Subordinated To Any Secured Indebtedness Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The March 2030 Notes are unsecured and therefore are effectively subordinated to any secured indebtedness we have incurred or may incur in the future. The March 2030 Notes are not secured by any of our assets or any of the assets of our subsidiaries. As a result, the March 2030 Notes are effectively subordinated, or junior, to any secured indebtedness or other obligations we or our subsidiaries have incurred and may incur in the future (or any indebtedness that is initially unsecured that we later secure) to the extent of the value of the assets securing such indebtedness, including the Revolving Credit Facility. In any liquidation, dissolution, bankruptcy or other similar proceeding, the holders of any of our existing or future secured indebtedness and the secured indebtedness of our subsidiaries may assert rights against the assets pledged to secure that indebtedness in order to receive full payment of their indebtedness before the assets may be used to pay other creditors, including the holders of the March 2030 Notes. The indebtedness under the Revolving Credit Facility is effectively senior to the March 2030 Notes to the extent of the value of such assets.

March 2030 Notes, Subordinated To Indebtedness And Other Liabilities Of Subsidiaries Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The March 2030 Notes are structurally subordinated to the indebtedness and other liabilities of our subsidiaries. The March 2030 Notes are obligations exclusively of the Company and not of any of our subsidiaries. None of our subsidiaries is a guarantor of the March 2030 Notes and the March 2030 Notes are not required to be guaranteed by any subsidiaries we may acquire or create in the future. Except to the extent we are a creditor with recognized claims against our subsidiaries, all claims of creditors (including trade creditors) and holders of preferred stock, if any, of our subsidiaries will have priority over our equity interests in such subsidiaries (and therefore the claims of our creditors, including holders of the March 2030 Notes) with respect to the assets of such subsidiaries. Even if we are recognized as a creditor of one or more of our subsidiaries, our claims would still be effectively subordinated to any security interests in the assets of any such subsidiary and to any indebtedness or other liabilities of any such subsidiary senior to our claims. Consequently, the March 2030 Notes are structurally subordinated, or junior, to all existing and future indebtedness and other obligations (including trade payables) incurred by any of our subsidiaries, financing vehicles or similar facilities and any subsidiaries, financing vehicles or similar facilities that we may in the future acquire or establish, including each of the SMBC Financing Facility, the 2022 Debt Securitization, the 2023 Debt Securitization,

Optional Redemption Provision Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

The optional redemption provision may materially adversely affect your return on the March 2030 Notes.

Obligation Default Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

If we default on our obligations to pay our other indebtedness, we may not be able to make payments on the March 2030 Notes. Any default under the agreements governing our indebtedness, including a default under the Revolving Credit Facility, the SMBC Financing Facility, the 2022 Debt Securitization, the 2023 Debt Securitization, and the 2024 Debt Securitization, or under other indebtedness to which we may be a party, that is not waived by the required lenders or holders and the remedies sought by the holders of such indebtedness could make us unable to pay principal, premium, if any, and interest on the March 2030 Notes and substantially decrease the market value of the March 2030 Notes. If we are unable to generate sufficient cash flow and are otherwise unable to obtain funds necessary to meet required payments of principal, premium, if any, and interest on our indebtedness, or if we otherwise fail to comply with the various covenants, including financial and operating covenants, in the instruments governing our indebtedness, we could default under the terms of the agreements governing such indebtedness. In the event of such default, the holders of such indebtedness could elect to declare all the funds borrowed thereunder to be due and payable, together with accrued and unpaid interest, the lenders under the Revolving Credit Facility, the SMBC Financing Facility, the 2022 Debt Securitization, the 2023 Debt Securitization, or the 2024 Debt Securitization or debt we may incur in the future could elect to terminate their commitments, cease making further loans and institute foreclosure proceedings against our assets, and we could be forced into bankruptcy or liquidation. If our operating performance declines, we may, in the future, need to seek to obtain waivers from the required lenders or holders under the agreements governing our indebtedness, or other indebtedness that we may incur in the future, to avoid being in default. If we breach our covenants under the agreements governing our indebtedness and seek a waiver, we may not be able to obtain a waiver from the required lenders or holders. If this occurs, we would be in default and our lenders or debt holders could exercise their rights as described above, and we could be forced into bankruptcy or liquidation.

March 2030, Change Of Control Repurchase Event Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We may not be able to repurchase the March 2030 Notes upon a Change of Control Repurchase Event. We may not be able to repurchase the March 2030 Notes upon a Change of Control Repurchase Event (as defined in the indenture governing the March 2030 Notes) because we may not have sufficient funds. Upon the occurrence of a Change of Control Repurchase Event, subject to certain conditions, we will be required to offer to repurchase all outstanding March 2030 Notes at 100% of their principal amount, plus accrued and unpaid interest. The source of funds for that purchase of March 2030 Notes will be our available cash or cash generated from our operations or other potential sources, including borrowings, investment repayments, sales of assets or sales of equity. We cannot assure you that sufficient funds from such sources will be available at the time of any Change of Control Repurchase Event to make required repurchases of March 2030 Notes tendered. The terms of the Revolving Credit Facility and the SMBC Financing Facility provide that certain change of control events will constitute an event of default thereunder entitling the lenders to accelerate any indebtedness outstanding under the credit facility at that time and to terminate the credit facility.

March 2030 Notes, Trading Market Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

While a trading market developed after issuing the March 2030 Notes, we cannot assure you that an active trading market for the March 2030 Notes will be maintained. While a trading market developed after issuing the March 2030 Notes, we cannot assure you that an active and liquid market for the March 2030 Notes will be maintained. We do not intend to list the March 2030 Notes on any securities exchange or for quotation of the March 2030 Notes on any automated dealer quotation system. If the March 2030 Notes are traded after their initial issuance, they may trade at a discount to their public offering price depending on prevailing interest rates, the market for similar securities, our credit ratings, general economic conditions, our financial condition, performance and prospects, and other factors.

Interest Rate Risk [Member]

General Description of Registrant [Abstract]

Risk [Text Block]

We are exposed to risks associated with changes in interest rates. Because we have borrowed and intend to continue to borrow money to make investments, our net investment income depends, in part, upon the difference between the rate at which we borrow funds and the rate at which we invest those funds. As a result, we can offer no assurance that a significant change in market interest rates will not have a material adverse effect on our net investment income. Following a period of elevated interest rates to address inflation concerns, in the third quarter of 2024, the Federal Reserve cut rates for the first time since March 2020 and, most recently, cut rates in the fourth quarter of 2024. The Federal has indicated that there may be additional rate cuts in the future; however, future reductions to benchmark rates are not certain. An increase in interest rates could decrease the value of any investments we hold which earn fixed interest rates and also could increase our interest expense, thereby decreasing our net income. Also, an increase in interest rates available to investors could make an investment in shares of our common stock less attractive if we are not able to increase our distribution rate, which could reduce the value of our common stock. Further, rising interest rates could also adversely affect our performance if such increases cause our borrowing costs to rise at a rate in excess of the rate that our investments yield. It is possible that the Federal Reserve's tightening cycle could also result in a recession in the United States, which could have a material adverse effect on our business, results of operations and financial condition. In the current and future periods of rising interest rates, to the extent we borrow money subject to a floating interest rate (such as under the SMBC Financing Facility and the Revolving Credit Facility), our cost of funds would increase, which could reduce our net investment income if there is not a corresponding increase in interest income generated by our investment portfolio. Further, rising interest rates could also adversely affect our performance if we hold investments with floating interest rates, subject to specified minimum (or “floor”) interest rates, while at the same time engaging in borrowings subject to floating interest rates not subject to such minimums. In such a scenario, rising interest rates may temporarily increase our interest expense, even though our interest income from investments is not increasing in a corresponding manner if market rates remain lower than the existing floor rate. If interest rates rise, there is also a risk that the portfolio companies in which we hold floating rate securities will be unable to pay escalating interest amounts, which could result in a default under their loan documents with us. Rising interest rates could also cause portfolio companies to shift cash from other productive uses to the payment of interest, which may have a material adverse effect on their business and operations and could, over time, lead to increased defaults. In addition, rising interest rates may increase pressure on us to provide fixed rate loans to our portfolio companies, which could adversely affect our net investment income, as increases in our cost of borrowed funds would not be accompanied by increased interest income from such fixed-rate investments.

Wells Fargo Financing Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 106,000,000

$ 231,000,000

$ 111,300,000

$ 231,600,000

$ 146,135,000

$ 118,435,000

Senior Securities Coverage per Unit

$ 1,870

$ 1,786

$ 1,744

$ 1,912

$ 1,820

$ 1,552

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

Wells Fargo Financing Facility

Long Term Debt, Structuring [Text Block]

On December 31, 2019, a wholly owned subsidiary of the Company entered into a credit agreement ("the “Wells Fargo Financing Facility” and the agreement relating thereto, as amended from time to time, the “Wells Fargo Financing Facility Agreement”), with Wells Fargo Bank, N.A. as lender (“Wells Fargo”) and administrative agent. The Wells Fargo Financing Facility Agreement was amended on October 28, 2020, March 31, 2022, March 14, 2024 and August 27, 2024. The most recent amendment on August 27, 2024, among other things, increased the maximum facility amount available from $150 million to $225 million.

Long Term Debt, Dividends and Covenants [Text Block]

The Wells Fargo Financing Facility reinvestment period expires on March 31, 2025 and has a maturity date of March 31, 2027. The Wells Fargo Financing Facility Agreement also requires the Company to maintain an asset coverage ratio equal to at least 1.50:1.00. The amount of the borrowings under the Wells Fargo Financing Facility equals the amount of the outstanding advances. Advances under the Wells Fargo Financing Facility may be prepaid and reborrowed at any time during the reinvestment period, but any termination or reduction of the facility amount prior to the first anniversary of the date of the amendment (subject to certain exceptions) is subject to a commitment reduction fee of 1%. Under the Wells Fargo Financing Facility Agreement, we paid a fee on daily undrawn amounts under the Wells Fargo Financing Facility of 0.25% per annum during the period ended June 14, 2024. For the six months following June 14, 2024, the Company paid a fee on daily undrawn amounts under the Wells Fargo Facility of 0.50% per annum. and, thereafter, pays 0.50% per annum on undrawn amounts of up to 40% of the maximum facility amount and 1.50% per annum on undrawn amounts in excess of 40% of the maximum facility amount.

Revolving Credit Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 237,750,000

$ 126,500,000

Senior Securities Coverage per Unit

$ 1,870

$ 1,786

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

Revolving Credit Facility

Long Term Debt, Structuring [Text Block]

On June 23, 2023, we entered into a senior secured revolving credit agreement (the “Senior Secured Revolving Credit Agreement” and facility thereunder, the “Revolving Credit Facility” and together with the Wells Fargo Financing Facility, the “Financing Facilities”) with SMBC as the lender, administrative agent, and one of the lead arrangers along with Wells Fargo. The Revolving Credit Facility is guaranteed by NCDL Equity Holdings and will be guaranteed by certain of our subsidiaries that are formed or acquired in the future (collectively, the “Guarantors”). The Revolving Credit Facility was amended on April 9, 2024 and October 4, 2024. The most recent amendment on October 4, 2024 ("the Revolving Credit Facility Amendment"), among other things, (i) extended the Commitment Termination Date and Final Maturity Date (each as defined below); (ii) added a term loan tranche: (iii) increased the total committed facility amount from $250 million to $325 million and (iv) reduced (a) the applicable margin with respect to the SONIA borrowings from 2.125% to 2.00% and (b) the credit spread adjustment from 0.15% to 0.10% for Term SOFR borrowings with a three-month tenor and from 0.25% to 0.10% for Term SOFR borrowings with a six-month tenor and (c) the applicable margin with respect to all other permitted borrowing rates, from 1.125% to 1.000%. The Revolving Credit Facility is secured by a perfected first-priority interest in substantially all of the portfolio investments held by the Company and each guarantor, subject to certain exceptions, and includes a $25 million limit for swingline loans. The availability period under the Revolving Credit Facility will terminate on October 4, 2028 (the “Commitment Termination Date”) and will mature on October 4, 2029 (the “Final Maturity Date”). During the period from the Commitment Termination Date to the Final Maturity Date, the Company will be obligated to make mandatory prepayments out of the proceeds of certain asset sales and other recovery events and equity and debt issuances. We may borrow amounts in U.S. dollars or certain other permitted currencies. Amounts drawn in U.S. dollars will bear interest at either term SOFR plus a margin, or the prime rate plus a margin. We may elect either the term SOFR or prime rate at the time of drawdown, and loans denominated in U.S. dollars may be converted from one rate to another at any time at our option, subject to certain conditions. Amounts drawn in other permitted currencies will bear interest at the relevant rate specified therein plus an applicable margin. We also will pay a fee of 0.375% per annum on average daily undrawn amounts. As of December 31, 2024, the Revolving Credit Facility bore interest at one-month SOFR plus 2.00% per annum. As of December 31, 2023, the Revolving Credit Facility bore interest at one-month SOFR plus 2.25% per annum.

CLO-I [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 342,000,000

$ 342,000,000

$ 342,000,000

Senior Securities Coverage per Unit

$ 1,870

$ 1,786

$ 1,744

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

CLO-I

Long Term Debt, Structuring [Text Block]

On May 20, 2022 (the “Closing Date”), the Company completed a $448.3 million term debt securitization (the “2022 Debt Securitization”). Term debt securitization is also known as a collateralized loan obligation and is a form of secured financing incurred by the Company. The notes offered in the 2022 Debt Securitization (the “2022 Notes”) were issued by CLO-I, an indirect, wholly owned, consolidated subsidiary of the Company. The 2022 Notes consist of $199.0 million of AAA Class A-1 2022 Notes, which bear interest at the three-month Term SOFR plus 1.80%; $34.3 million of AAA Class A-1F 2022 Notes, which bear interest at 4.42%; $47.3 million of AA Class B 2022 Notes, which bear interest at the three-month Term SOFR plus 2.30%; $31.5 million of A Class C 2022 Notes, which bear interest at the three-month Term SOFR plus 3.15%; $27.0 million of BBB Class D 2022 Notes, which bear interest at the three-month Term SOFR plus 4.15%; and approximately $79.3 million of Subordinated 2022 Notes, which do not bear interest. The Company directly owns all of the BBB Class D 2022 Notes and the Subordinated 2022 Notes and as such, these notes are eliminated in consolidation. As part of the 2022 Debt Securitization, CLO-I also entered into a loan agreement (the “CLO-I Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-I Loan Agreement as lenders (the “Lenders”) committed to make $30.0 million of AAA Class A-L 2022 Loans to CLO-I (the “2022 Loans” and, together with the 2022 Notes, the “2022 Debt”). The 2022 Loans bear interest at the three-month Term SOFR plus 1.80% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all of the Class A-L 2022 Loans held by such Lenders into Class A-1 2022 Notes upon written notice to CLO-I in accordance with the CLO-I Loan Agreement.

CLO-II [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 214,429,000

$ 215,000,000

Senior Securities Coverage per Unit

$ 1,870

$ 1,786

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

CLO-II

Long Term Debt, Structuring [Text Block]

On December 7, 2023 (the “Closing Date”), the Company completed a $298.1 million term debt securitization (the “2023 Debt Securitization”). The notes offered in the 2023 Debt Securitization (the “2023 Notes”) were issued by CLO-II, an indirect, wholly owned, consolidated subsidiary of the Company. The 2023 Notes consist of $2.0 million of AAA Class X 2023 Notes, which bear interest at the three-month Term SOFR plus 2.00%, $100.5 million of AAA Class A-1 2023 Notes, which bear interest at the three-month Term SOFR plus 2.35%; $37.5 million of AA Class B 2023 Notes, which bear interest at three-month Term SOFR plus 3.20% and approximately $83.1 million of Subordinated 2023 Notes, which do not bear interest. The Company directly owns all of the Subordinated 2023 Notes and as such, these notes are eliminated in consolidation. As part of the 2023 Debt Securitization, CLO-II also entered into a loan agreement (the “CLO-II Loan Agreement”) on the Closing Date, pursuant to which various financial institutions and other persons which are, or may become, parties to the CLO-II Loan Agreement as lenders (the “Lenders”) committed to make $25.0 million of AAA Class A-L-A 2023 Loans and $50.0 million AAA Class A-L-B 2023 Loans to CLO-II (the “2023 Loans” and, together with the 2023 Notes, the “2023 Debt”). The 2023 Loans bear interest at the three-month Term SOFR plus 2.35% and were fully drawn upon the closing of the transactions. Any Lender may elect to convert all or a portion of the Class A-L-A 2023 Loans held by such Lenders into Class A-1 2023 Notes upon written notice to CLO-II in accordance with the CLO-II Loan Agreement.

CLO-III [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 214,750,000

Senior Securities Coverage per Unit

$ 1,870

Capital Stock, Long-Term Debt, and Other Securities [Abstract]

Long Term Debt, Title [Text Block]

CLO-III

Long Term Debt, Structuring [Text Block]

On March 14, 2024 (the “Closing Date”), the Company completed a $297.0 million term debt securitization (the “2024 Debt Securitization”). The notes offered in the 2024 Debt Securitization (the “2024 Notes” or “2024 Debt”) were issued by Churchill NCDLC CLO-III, LLC (formerly known as Nuveen Churchill BDC SPV III, LLC) (the “2024 Issuer”), a direct, wholly owned, consolidated subsidiary of the Company, pursuant to an indenture (the “Indenture”) dated as of the Closing Date. The 2024 Notes consist of $2.0 million of AAA Class X 2024 Notes, which bear interest at the three-month Term SOFR plus 1.40%; $175.5 million of AAA Class A 2024 Notes, which bear interest at the three-month Term SOFR plus 2.00%; $37.5 million of AA Class B 2024 Notes, which bear interest at the three-month Term SOFR plus 2.65%; and $82.0 million of Subordinated 2024 Notes, which do not bear interest. The Company directly retained all of the Subordinated 2024 Notes and as such, these notes are eliminated in consolidation. The 2024 Notes are backed by a diversified portfolio of senior secured and second lien loans. The Indenture contains certain conditions pursuant to which loans can be acquired by the 2024 Issuer, in accordance with rating agency criteria or as otherwise agreed with certain institutional investors who purchased the 2024 Notes. Through April 20, 2028, all principal collections received on the underlying collateral may be used by the 2024 Issuer to purchase new collateral under the direction of the Company, in its capacity as collateral manager of the 2024 Issuer and in accordance with the Company’s investment strategy, allowing the Company to maintain the initial leverage in the 2024 Debt Securitization. The 2024 Notes are due on April 20, 2036.

Subscription Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 0

$ 34,000,000

$ 17,500,000

Senior Securities Coverage per Unit

$ 1,744

$ 1,912

$ 1,820

SMBC Financing Facility [Member]

Financial Highlights [Abstract]

Senior Securities Amount

$ 37,377,000

$ 252,147,000

$ 144,447,000

$ 28,547,000

Senior Securities Coverage per Unit

$ 1,786

$ 1,744

$ 1,912

$ 1,820

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	Cybersecurity The Company depends on and engages various third parties and service providers, including suppliers, custodians, transfer agents, administrative agents, fund administrators and other third parties to source, make and manage its investments. Accordingly, the Company’s business is dependent on the communications and information technology (“IT”) systems that it shares with the Advisers and their ultimate parent company, TIAA, which further relies upon the systems of third-party IT service providers to TIAA. TIAA has established a cybersecurity program across its enterprise, which applies to certain of its affiliates, including the Advisers and the Company. When identifying and overseeing risks from cybersecurity threats associated with its use of third-party service providers, the Company further relies upon the expertise of risk management, legal, information technology, and compliance personnel of TIAA. TIAA conducts onboarding and ongoing due diligence of certain of the Company’s key third-party service providers to identify and oversee risks from cybersecurity threats associated with the Company’s use of such entities. Cybersecurity Program Overview TIAA has instituted an enterprise cybersecurity program designed to identify, assess, and mitigate cyber risks applicable to TIAA and its affiliates, which applies to the Company and the Advisers. Cyber risk management is integrated into TIAA’s overall risk management program and involves risk assessments, implementation of security measures, and ongoing monitoring of systems and networks, including networks on which the Company relies. TIAA relies on its internal subject matter experts and external experts, as needed, including, but not limited to, cybersecurity assessors, consultants, and auditors, to evaluate cybersecurity measures and risk management processes applicable to the Advisers, the Company and other affiliates of TIAA. Oversight of Cybersecurity Risk The potential impact of risks from cybersecurity threats on the Company is assessed on an ongoing basis, as well as how such risks could materially affect the Company’s business strategy, operational results, and financial condition. Cybersecurity risk remains heightened to the financial industry, including the Company, and a failure in or breach of our systems or infrastructure, or those of a material third party or service provider, could cause disruption and adversely impact the Company’s operations. TIAA and the Advisers continue to invest in the cybersecurity program to protect against emerging threats, including threats against third parties and service providers. The Company has not experienced any material cybersecurity incident, and the Company is not aware of any cybersecurity risks that are reasonably likely to materially affect its business.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	TIAA has instituted an enterprise cybersecurity program designed to identify, assess, and mitigate cyber risks applicable to TIAA and its affiliates, which applies to the Company and the Advisers. Cyber risk management is integrated into TIAA’s overall risk management program and involves risk assessments, implementation of security measures, and ongoing monitoring of systems and networks, including networks on which the Company relies. TIAA relies on its internal subject matter experts and external experts, as needed, including, but not limited to, cybersecurity assessors, consultants, and auditors, to evaluate cybersecurity measures and risk management processes applicable to the Advisers, the Company and other affiliates of TIAA.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	TIAA’s cybersecurity team periodically reports to the Company’s management on cybersecurity matters, primarily through presentations. Such reporting will include updates on TIAA’s cybersecurity program as it relates to the Company, the external cybersecurity threat environment, and TIAA’s programs to address and mitigate the risks associated with the evolving cybersecurity threat environment. These reports also include updates on TIAA’s preparedness, prevention, detection, responsiveness and recovery with respect to cybersecurity incidents. The Board has the primary responsibility for overseeing and reviewing the guidelines and policies with respect to risk assessment and risk management, including cybersecurity. The Board receives periodic updates from the Company’s management regarding TIAA’s cybersecurity program, information on current threat landscape and risks from cybersecurity threats and cybersecurity incidents impacting the Company.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board has the primary responsibility for overseeing and reviewing the guidelines and policies with respect to risk assessment and risk management, including cybersecurity.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The Board has the primary responsibility for overseeing and reviewing the guidelines and policies with respect to risk assessment and risk management, including cybersecurity. The Board receives periodic updates from the Company’s management regarding TIAA’s cybersecurity program, information on current threat landscape and risks from cybersecurity threats and cybersecurity incidents impacting the Company.
Cybersecurity Risk Role of Management [Text Block]	TIAA actively monitors the current cyber threat landscape in an effort to identify material risks arising from new and evolving cybersecurity threats, including material risks faced by the Company and the Advisers, in connection with their day-to-day operations. TIAA’s cybersecurity leadership team are responsible for maintaining and overseeing the overall state of TIAA’s cybersecurity program, information on the current threat landscape, and risks from cybersecurity threats and cybersecurity incidents impacting TIAA and its affiliates, including the Company, the Advisers and their respective third-party service providers. TIAA’s management team, including its Chief Information Security Officer, is responsible for assessing and managing material risks from cybersecurity threats to the TIAA organization, including the Company and the Advisers. TIAA’s Chief Information Security Officer and cybersecurity leaders have significant expertise in in this area, including in IT and cybersecurity engineering, and have cybersecurity leadership experience in other major financial institutions.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	TIAA’s management team, including its Chief Information Security Officer, is responsible for assessing and managing material risks from cybersecurity threats to the TIAA organization, including the Company and the Advisers.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	TIAA’s Chief Information Security Officer and cybersecurity leaders have significant expertise in in this area, including in IT and cybersecurity engineering, and have cybersecurity leadership experience in other major financial institutions.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	Management of the Company is informed about and monitors the prevention, detection, mitigation, and remediation of cybersecurity incidents impacting the Company, including through the receipt of notifications from third party service providers and reliance on communications with cybersecurity, risk management, legal, IT, and/or compliance personnel of TIAA. TIAA’s cybersecurity team periodically reports to the Company’s management on cybersecurity matters, primarily through presentations. Such reporting will include updates on TIAA’s cybersecurity program as it relates to the Company, the external cybersecurity threat environment, and TIAA’s programs to address and mitigate the risks associated with the evolving cybersecurity threat environment. These reports also include updates on TIAA’s preparedness, prevention, detection, responsiveness and recovery with respect to cybersecurity incidents.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The consolidated financial statements have been prepared on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). The Company is an investment company for the purposes of accounting and financial reporting in accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 946, Financial Services—Investment Companies
Consolidation	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to the current period presentation. U.S. GAAP for an investment company requires investments to be recorded at fair value. The carrying value for all other assets and liabilities approximates their fair value, unless otherwise disclosed herein.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires the Company to make estimates based on assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements, as well as the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.
Cash, Cash Equivalents and Restricted Cash	Cash, Cash Equivalents and Restricted Cash Cash and restricted cash represent cash deposits held at financial institutions, which at times may exceed U.S. federally insured limits. The Company's cash held by SPV V is restricted, based on the terms of the Wells Fargo Financing Facility (as defined in Note 6 below). Cash equivalents include short-term highly liquid investments, such as money market funds, that are readily convertible to cash and have original maturities of three months or less. Cash, restricted cash and cash equivalents are carried at cost, which approximates fair value.
Valuation of Portfolio Investments	Valuation of Portfolio Investments Investments are valued in accordance with the fair value principles established by FASB ASC Topic 820, Fair Value Measurement (“ASC Topic 820”), and in accordance with the 1940 Act. ASC Topic 820’s definition of fair value focuses on the amount that would be received to sell the asset or paid to transfer the liability in the principal or most advantageous market, and prioritizes the use of market-based inputs (observable) over entity-specific inputs (unobservable) within a measurement of fair value. ASC Topic 820 specifies a hierarchy of valuation techniques based on whether the inputs to those valuation techniques are observable or unobservable. ASC Topic 820 also provides guidance regarding a fair value hierarchy, which prioritizes information used to measure fair value and the effect of fair value measurements on earnings, and provides for enhanced disclosures determined by the level within the hierarchy of information used in the valuation. In accordance with ASC Topic 820, these inputs are summarized in the three levels listed below: • Level 1 — Valuations are based on unadjusted, quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date. • Level 2 — Valuations are based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly. • Level 3 — Valuations based on inputs that are unobservable and significant to the overall fair value measurement. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment’s level within the fair value hierarchy is based on the lowest level of observable input that is significant to the fair value measurement. The assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment, and considers factors specific to the investment. Active, publicly traded instruments are classified as Level 1 and their values are generally based on quoted market prices, even if both the market’s normal daily trading volume is not sufficient to absorb the quantity held and placing orders to sell the position in a single transaction might affect the quoted price. Fair value is generally determined as the price that would be received for an investment in a current sale, which assumes an orderly market is available for the market participants at the measurement date. If available, fair value of investments is based on directly observable market prices or on market data derived from comparable assets. The Company’s valuation policy considers the fact that no ready market may exist for many of the securities in which it invests and that fair value for its investments must be determined using unobservable inputs. Pursuant to Rule 2a-5 under the 1940 Act, the Company's board of directors (the “Board”) has designated the Adviser as the Company's valuation designee (the “Valuation Designee”) to determine the fair value of the Company's investments that do not have readily available market quotations. Pursuant to the Company's valuation policy approved by the Board, a valuation committee comprised of employees of the Adviser (the “Valuation Committee”) is responsible for determining the fair value of the Company’s assets for which market quotations are not readily available, subject to the oversight of the Board. With respect to investments for which market quotations are not readily available (Level 3), the Valuation Designee, subject to the oversight of the Board as described below, defined further below in Note 5 , undertakes a multi-step valuation process each quarter, as follows: i. the quarterly valuation process begins with each portfolio company or investment being initially valued by either the professionals of the applicable investment team that are responsible for the portfolio investment or an independent third-party valuation firm; ii. to the extent that an independent third-party valuation firm has not been engaged by, or on behalf of, the Company to value 100% of the portfolio, then at a minimum, an independent third-party valuation firm will be engaged by, or on behalf of, the Company will provide positive assurance of the portfolio each quarter (such that each investment is reviewed by a third-party valuation firm at least once on a rolling 12-month basis and each watch-list investment will be reviewed each quarter), including a review of management’s preliminary valuation and recommendation of fair value; iii. the Valuation Committee then reviews and discusses the valuations with any input, where appropriate, from the independent third-party valuation firm(s), and determine the fair value of each investment in good faith based on the Company’s valuation policy, subject to the oversight of the Board; and iv. the Valuation Designee provides the Board with the information relating to the fair value determination pursuant to the Company’s valuation policy in connection with each quarterly Board meeting, comply with the periodic board reporting requirements set forth in the Company’s valuation policy, and discuss with the Board its determination of the fair value of each investment in good faith. The Valuation Designee makes this fair value determination on a quarterly basis and in such other instances when a decision regarding the fair value of the portfolio investments is required. Factors considered by the Valuation Designee as part of the valuation of investments include each portfolio company's credit ratings/risk, current and projected earnings, current and expected leverage, ability to make interest and principal payments, liquidity, compliance with applicable loan covenants, and price to earnings (or other financial) ratios and those of comparable companies, as well as the estimated remaining life of the investment and current market yields and interest rate spreads of similar securities as of the measurement date. Other factors taken into account include changes in the interest rate environment and credit markets that may affect the price at which similar investments would trade. The Valuation Designee also may base its valuation of an investment on recent transactions of investments and securities with similar structure and risk characteristics. The Valuation Designee obtains market data from its ongoing investment purchase efforts, in addition to monitoring transactions that have closed or are discussed in industry publications. External information may include (but is not limited to) observable market data derived from the U.S. loan and equity markets. As part of compiling market data as an indication of current market conditions, management may utilize third-party sources. The values assigned to investments are based on available information and may fluctuate from period to period. In addition, such values do not necessarily represent the amount that ultimately might be realized upon a portfolio investment's sale. Due to the inherent uncertainty of valuation, the estimated fair value of an investment may differ from the value that would have been used had a ready market for the security existed, and the difference could be material. The Board is responsible for overseeing the Valuation Designee’s process for determining the fair value of the Company’s assets for which market quotations are not readily available, taking into account the Company’s valuation risks. To facilitate the Board’s oversight of the valuation process, the Valuation Designee provides the Board with quarterly reports, annual reports, and prompt reporting of material matters affecting the Valuation Designee’s determination of fair value. As part of the Board’s oversight role, the Board may request and review additional information to be informed of the Valuation Designee’s process for determining the fair value of the Company's investments.
Investment Transactions	Investment transactions are recorded on the applicable trade date. Any amounts related to purchases, sales and principal paydowns that have traded, but not settled, are reflected as either a receivable for investments sold or payable for investments purchased on the consolidated statements of assets and liabilities. Realized gains or losses are measured by the difference between the net proceeds received from repayments and sales and the cost basis of the investment using the specific identification method without regard to unrealized appreciation or depreciation previously recognized are included as net realized gain (loss) on investments in the consolidated statements of operations. Net change in unrealized appreciation (depreciation) on investments is recognized in the consolidated statements of operations and reflects the period-to-period change in fair value and cost of investments, including the reversal of previously recorded unrealized appreciation or depreciation when gains or losses are realized.
Revenue Recognition	Interest income, including amortization of premium and accretion of discount on loans, and expenses are recorded on the accrual basis. The Company accrues interest income if it expects that ultimately it will be able to collect such income. The Company may have loans in its portfolio that contain payment-in-kind (“PIK”) income provisions. PIK represents interest that is accrued and recorded as interest income at the contractual rates, increases the loan principal on the respective capitalization dates, and is generally due at maturity. This non-cash source of income is included when determining what must be paid out to shareholders in the form of distributions in order for the Company to maintain its tax treatment as a RIC, even though the Company has not yet collected cash. For the years ended December 31, 2024, 2023, and 2022 the Company earned $8,299, $3,644, and $789 respectively, in PIK income provisions, representing 3.70%, 2.25%, and 0.96% of total investment income, respectively. Dividend income on preferred equity securities is recorded on the accrual basis to the extent that such amounts are payable by the portfolio company and are expected to be collected. Dividend income on common equity securities is recorded on the record date for private portfolio companies or on the ex-dividend date for publicly traded portfolio companies. For the years ended December 31, 2024, 2023, and 2022, the Company earned $614, $101, and $225 respectively, of dividend income on its equity investments. Other income may include income such as consent, waiver, amendment, unused, and prepayment fees associated with the Company’s investment activities, as well as any fees for managerial assistance services rendered by the Company to its portfolio companies. Such fees are recognized as income when earned or the services are rendered. For the years ended December 31, 2024, 2023, and 2022 the Company earned other income of $2,031, $1,143, and $1,571 respectively, primarily related to prepayment and amendment fees.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs include capitalized expenses related to the closing or amendments of borrowings. Amortization of deferred financing costs is computed on the straight-line basis over the term of the borrowings. The unamortized balance of such costs is included as a direct deduction from the related liability in the accompanying consolidated statements of assets and liabilities. The amortization of such costs is included in interest and debt financing expenses in the accompanying consolidated statements of operations.
Offering Costs	Offering Costs Offering costs associated with the Private Offerings were recognized as a deferred charge on the consolidated statement of assets and liabilities and amortized on a straight-line basis over 12 months. These expenses consist primarily of legal fees and other costs incurred in connection with the Company’s continuous Private Offering of its shares. For the years ended December 31, 2024, 2023, and 2022 the Company incurred offering costs of $0, $23, and $82 respectively. Deferred offering costs include registration expenses related to any shelf registration statement filed by the Company. These expenses consist primarily of SEC registration fees, legal fees and accounting fees incurred related thereto. Upon the completion of an equity offering or a debt offering, the deferred expenses are charged to additional paid-in capital or debt issuance costs, respectively. The Adviser paid the offering costs associated with the IPO on behalf of the Company. The Company is not obligated to reimburse any such offering costs paid by the Adviser.
Income Taxes	Income Taxes For U.S. federal income tax purposes, the Company has elected, and intends to qualify annually, to be treated as a RIC under the Code. In order to qualify as a RIC, the Company must meet certain minimum distribution, source-of-income and asset diversification requirements. If such requirements are met, then the Company is generally required to pay U.S. federal income taxes only on the portion of its taxable income and capital gains it does not distribute. The minimum distribution requirements applicable to RICs require the Company to distribute to its shareholders at least 90% of its investment company taxable income (“ICTI”), as defined by the Code, each year. Depending on the level of ICTI earned in a tax year, the Company may choose to carry forward ICTI in excess of current year distributions into the next tax year. Any such carryover ICTI must be distributed before the end of that next tax year through a dividend declared prior to filing the final tax return related to the year which generated such ICTI. In addition, based on the excise distribution requirements, the Company is subject to a 4% U.S. nondeductible federal excise tax on undistributed income unless the Company distributes in a timely manner an amount at least equal to the sum of (1) 98% of its ordinary income for each calendar year, (2) 98.2% of capital gain net income (both long-term and short-term) for the one-year period ended October 31 in that calendar year and (3) any income realized, but not distributed, in the preceding year. For this purpose, however, any ordinary income or capital gain net income retained by the Company that is subject to U.S. federal income tax at corporate rates is considered to have been distributed. The Company intends to timely distribute to our shareholders substantially all of our annual taxable income for each year, except that the Company may retain certain net capital gains for reinvestment and, depending upon the level of taxable income earned in a year, we may choose to carry forward ICTI for distribution in the following year and pay any applicable U.S. federal excise tax.
Dividends and Distributions to Common Shareholders	Dividends and Distributions to Common Shareholders To the extent that the Company has taxable income, the Company intends to continue to make quarterly distributions to its common shareholders. Dividends and distributions to common shareholders are recorded on the applicable record date. The amount to be distributed to common shareholders is determined by the Board each quarter and is generally based upon the taxable earnings estimated by management and available cash. Net realized capital gains, if any, will generally be distributed at least annually, although the Company may decide to retain such capital gains for investment. In connection with the IPO, the Board approved an amended and restated dividend reinvestment plan (the "Amended DRIP"), which became effective on January 29, 2024, concurrent with the consummation of the IPO. The Amended DRIP changed the dividend reinvestment plan from an “opt in” dividend reinvestment plan to an “opt out” dividend reinvestment plan. As a result of the foregoing, if the Board authorizes, and the Company declares, a cash dividend or distribution, shareholders that acquired their shares in the IPO and do not “opt out” of the Amended DRIP will have their cash distributions automatically reinvested in additional shares rather than receiving cash. Notwithstanding the foregoing, a shareholder’s election (or deemed election) under the dividend reinvestment plan, dated December 19, 2019, will remain in effect for such shareholder and no further action is required by such shareholder with respect to their election under the Amended DRIP. With respect to each distribution under the Amended DRIP, the Company reserves the right to either issue new shares of common stock or purchase shares of common stock in the open market for the accounts of participants in the Amended DRIP. If newly issued shares are used to implement the Amended DRIP, the number of shares to be issued to a shareholder will be determined by dividing the total dollar amount of the distribution payable to such participant by the market price per share of the Company's common stock at the close of regular trading of the NYSE on the distribution payment date, or if no sale is reported for such day, the average of the reported bid and asked prices. However, if the market price per share on the distribution payment date exceeds the most recently computed net asset value ("NAV") per share, the Company will issue shares at the greater of (i) the most recently computed NAV per share and (ii) 95% of the current market price per share (or such lesser discount to the current market price per share that still exceeds the most recently computed NAV per share). If shares are purchased in the open market to implement the Amended DRIP, the number of shares to be issued to a participant will be determined by dividing the dollar amount of the distribution payable to such participant by the weighted average price per share for all shares of common stock purchased by the plan administrator in the open market in connection with the dividend or distribution. Although each participant may from time to time have an undivided fractional interest in a share, no certificates for a fractional share will be issued. However, dividends and distributions on fractional shares will be credited to each participant’s account.
Functional Currency	Functional Currency The functional currency of the Company is the U.S. Dollar and all transactions were in U.S. Dollars.
Segment Reporting	Segment Reporting The Company is externally managed and has a single reportable segment in accordance with ASC Topic 280, Segment Reporting (“ASC 280”), which derives investment income from its portfolio of investments. The Company's accounting policies are further described above in Note 2 , Significant Accounting Policies. The chief operating decision makers assesses performance for the Company based on net investment income, net realized and unrealized gains (losses) from investments, and net increase (decrease) in net assets resulting from operations, which are reported on the consolidated statements of operations. The chief operating decision makers also may assess the Company's performance by completing an industry benchmarking analysis using the metrics disclosed in Note 10
Recent Accounting Pronouncements	Recent Accounting Pronouncements In November 2024, the FASB issued Accounting Standard Update (“ASU”) No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40) (“ASU 2024-03”). The amendments in ASU 2024-03 improve financial reporting by requiring that public business entities disclose additional information about specific expense categories in the notes to financial statements at interim and annual reporting periods. This information is generally not presented in the financial statements today. The amendments in ASU 2024-03 are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adopting ASU 2024-03.

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Schedule of Investments, Portfolio Composition by Industry at Fair Value and Portfolio Composition by Geographic Composition of Investments at Cost and Fair Value	As of December 31, 2024 and December 31, 2023, our investments consisted of the following (dollar amounts in thousands): December 31, 2024 December 31, 2023 Amortized Cost Fair Value % of Fair Value Amortized Cost Fair Value % of Fair Value First-Lien Debt $ 1,893,409 $ 1,885,643 90.59 % $ 1,450,120 $ 1,427,492 86.95 % Subordinated Debt 1 170,957 159,138 7.65 % 190,454 183,387 11.17 % Equity Investments 34,209 36,598 1.76 % 25,595 30,807 1.88 % Total $ 2,098,575 $ 2,081,379 100.00 % $ 1,666,169 $ 1,641,686 100.00 % _____________________ 1 As of December 31, 2024, Subordinated Debt is comprised of second lien term loans and/or second lien notes of $67,780, mezzanine debt of $89,740 and $1,618 of structured debt at fair value and second lien term loans and/or second lien notes of $71,622, mezzanine debt of $94,978 and $4,357 of structured debt at amortized cost. As of December 31, 2023, Subordinated Debt is comprised of second lien term loans and/or second lien notes of $97,203, mezzanine debt of $83,528 and $2,656 of structured debt at fair value and second lien term loans and/or second lien notes of $100,711, mezzanine debt of $86,495 and $3,247 of structured debt at amortized cost. The industry composition of our portfolio as a percentage of fair value as of December 31, 2024 and December 31, 2023 was as follows: Industry December 31, 2024 December 31, 2023 Aerospace & Defense 3.36 % 3.13 % Automotive 3.33 % 4.95 % Banking, Finance, Insurance & Real Estate 3.28 % 3.95 % Beverage, Food & Tobacco 6.95 % 7.76 % Capital Equipment 5.46 % 4.21 % Chemicals, Plastics & Rubber 1.36 % 2.29 % Construction & Building 5.54 % 3.90 % Consumer Goods: Durable 0.97 % 1.51 % Consumer Goods: Non-durable 2.34 % 3.31 % Containers, Packaging & Glass 3.87 % 3.97 % Energy: Electricity 2.50 % 1.75 % Environmental Industries 3.85 % 2.73 % Healthcare & Pharmaceuticals 14.47 % 12.72 % High Tech Industries 8.65 % 8.97 % Hotel, Gaming & Leisure 0.15 % — % Media: Advertising, Printing & Publishing 0.90 % 1.12 % Media: Diversified & Production 0.91 % 0.96 % Retail 0.28 % 0.35 % Services: Business 16.48 % 18.43 % Services: Consumer 5.18 % 4.86 % Sovereign & Public Finance 0.64 % 0.65 % Telecommunications 3.19 % 3.17 % Transportation: Cargo 2.95 % 3.20 % Transportation: Consumer 0.62 % 0.13 % Utilities: Electric 1.16 % 0.89 % Utilities: Water 0.42 % — % Wholesale 1.19 % 1.09 % Total 100.00 % 100.00 % The geographic composition of investments at cost and fair value was as follows: December 31, 2024 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets United States $ 2,019,779 $ 2,002,726 96.22 % 206.40 % Canada 43,489 43,526 2.09 % 4.49 % Germany 22,142 22,102 1.06 % 2.28 % United Kingdom 13,165 13,025 0.63 % 1.34 % Total $ 2,098,575 $ 2,081,379 100.00 % 214.51 % December 31, 2023 Amortized Cost Fair Value % of Total Investments at Fair Value Fair Value as % of Net Assets United States $ 1,613,815 $ 1,589,384 96.82 % 212.52 % Canada 38,462 38,292 2.33 % 5.12 % United Kingdom 13,892 14,010 0.85 % 1.87 % Total $ 1,666,169 $ 1,641,686 100.00 % 219.51 %

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value Measurements of Investments, by Major Class, and Cash Equivalents	The following tables present fair value measurements of investments, by major class, and cash equivalents as of December 31, 2024 and December 31, 2023, according to the fair value hierarchy: As of December 31, 2024 Level 1 Level 2 Level 3 Total Assets: First-Lien Debt $ — $ 78,793 $ 1,806,850 $ 1,885,643 Subordinated Debt 1 — 8,359 150,779 159,138 Equity Investments — — 36,598 36,598 Cash Equivalents 40,842 — — 40,842 Total $ 40,842 $ 87,152 $ 1,994,227 $ 2,122,221 ______________ 1 Subordinated Debt is further comprised of second lien term loans and/or second lien notes of $67,780, mezzanine debt of $89,740 and $1,618 of structured debt. As of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: First-Lien Debt $ — $ 34,481 $ 1,393,011 $ 1,427,492 Subordinated Debt 1 — 8,691 174,696 183,387 Equity Investments — — 30,807 30,807 Cash Equivalents 64,477 — — 64,477 Total $ 64,477 $ 43,172 $ 1,598,514 $ 1,706,163 _______________ 1 Subordinated Debt is further comprised of second lien term loans and/or second lien notes of $97,203, mezzanine debt of $83,528 and $2,656 of structured debt.
Schedule of Reconciliation of the Beginning and Ending Balances for Investments	The following tables provide a reconciliation of the beginning and ending balances for investments that use Level 3 inputs for the following periods: For the Year Ended December 31, 2024 First-Lien Debt Subordinated Debt Equity Investments Total Balance as of December 31, 2023 $ 1,393,011 $ 174,696 $ 30,807 $ 1,598,514 Purchase of investments and other adjustments to cost (1) 743,619 30,366 9,542 783,527 Proceeds from principal repayments and sales of investments (1) (338,142) (40,147) (1,993) (380,282) Payment-in-kind interest 956 7,343 — 8,299 Amortization of premium/accretion of discount, net 931 524 — 1,455 Net realized gain (loss) on investments (5,852) (8,667) 1,064 (13,455) Net change in unrealized appreciation (depreciation) on investments 14,401 (5,708) (2,822) 5,871 Transfers out of Level 3 (2) (11,898) (7,628) — (19,526) Transfers to Level 3 (2) 9,824 — — 9,824 Balance as of December 31, 2024 $ 1,806,850 $ 150,779 $ 36,598 $ 1,994,227 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held as of December 31, 2024 $ 7,551 $ (6,050) $ (1,301) $ 200 _______________ (1) Includes reorganizations and restructuring of investments (2)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the year ended December 31, 2024, transfers into Level 3 from Level 2 were a result of changes in the observability of significant inputs for certain portfolio companies. For the Year Ended December 31, 2023 First-Lien Debt Subordinated Debt Equity Investments Total Balance as of December 31, 2022 $ 1,016,856 $ 133,243 $ 27,313 $ 1,177,412 Purchase of investments 513,487 65,296 9,110 587,893 Proceeds from principal repayments and sales of investments (118,469) (14,915) (8,667) (142,051) Payment-in-kind interest 221 3,047 — 3,268 Amortization of premium/accretion of discount, net 1,386 426 833 2,645 Net realized gain (loss) on investments (14,339) 238 6,112 (7,989) Net change in unrealized appreciation (depreciation) on investments 8,871 (4,191) (3,894) 786 Transfers out of Level 3 (1) (23,350) (8,448) — (31,798) Transfers to Level 3 (1) 8,348 — — 8,348 Balance as of December 31, 2023 $ 1,393,011 $ 174,696 $ 30,807 $ 1,598,514 Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held as of December 31, 2023 $ 364 $ (4,167) $ 2,154 $ (1,649) _______________ (1)Transfers between levels, if any, are recognized at the beginning of the period in which the transfers occur. For the year ended December 31, 2023, transfers into Level 3 from Level 2 were a result of changes in the observability of significant inputs for certain portfolio companies.
Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Level 3 Fair Value Measurements of Assets	The valuation techniques and significant unobservable inputs used in Level 3 fair value measurements of assets as of December 31, 2024 and December 31, 2023 were as follows: Investment Type Fair Value at December 31, 2024 Valuation Techniques Unobservable Inputs Ranges Weighted Average First-Lien Debt $ 1,680,013 Yield Method Market Yield Discount Rates 5.83% 20.50% 10.13% First-Lien Debt 16,215 Market Approach EBITDA Multiple 6.50x 15.50x 7.32x Subordinated Debt 143,952 Yield Method Market Yield Discount Rates 12.00% 26.41% 15.46% Subordinated Debt 2,032 Market Approach EBITDA Multiple 5.25x 14.00x 12.85x Subordinated Debt 1,896 Black-Scholes EBITDA Multiple 11.00x 11.00x 11.00x Equity 1,224 Yield Method Market Yield Discount Rates 8.00% 9.25% 9.07% Equity 35,147 Market Approach EBITDA Multiple 5.25x 19.50x 11.18x Equity 24 Market Approach Revenue Multiple 0.95x 0.95x 0.95x Total $ 1,880,503 First-Lien Debt in the amount of $110,622, Subordinated Debt in the amount of $2,899 and equity investments in the amount of $203 at December 31, 2024 have been excluded from the table above, because the investments are valued using a recent transaction. Investment Type Fair Value at December 31, 2023 Valuation Techniques Unobservable Inputs Ranges Weighted Average First-Lien Debt $ 1,192,190 Yield Method Market Yield Discount Rates 6.13% 18.73% 10.63% First-Lien Debt 19,519 Market Approach EBITDA Multiple 6.50x 9.25x 7.21x Subordinated Debt 162,646 Yield Method Market Yield Discount Rates 9.70% 24.91% 14.44% Equity 158 Yield Method Market Yield Discount Rates 8.36% 8.36% 8.36% Equity 29,390 Market Approach EBITDA Multiple 6.50x 19.50x 10.96x Equity 2 Market Approach Blended EBITDA Multiple 13.25x 13.25x 13.25x Blended Revenue Multiple 1.40x 1.40x 1.40x Total $ 1,403,905 First-Lien Debt in the amount of $181,302, Subordinated Debt in the amount of $12,050 and equity investments in the amount of $1,257 at December 31, 2023 have been excluded from the table above, because the investments are valued using a recent transaction.
Schedule of Carrying Value and Fair Value of Debt Obligations	The carrying value and fair value of the Company’s debt obligations were as follows: December 31, 2024 December 31, 2023 Carrying Value (1) Fair Value Carrying Value (1) Fair Value Wells Fargo Financing Facility $ 106,000 $ 106,000 $ 231,000 $ 231,000 SMBC Financing Facility — — 37,377 37,377 Revolving Credit Facility 237,750 237,750 126,500 126,500 2022 Debt 342,000 343,766 342,000 338,345 2023 Debt 214,429 217,446 215,000 213,976 2024 Debt 214,750 216,611 — — Total $ 1,114,929 $ 1,121,573 $ 951,877 $ 947,198 _______________ (1)

SECURED BORROWINGS (Tables)

SECURED BORROWINGS (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Components of Interest Expense and Debt Financing Expenses and Debt Obligations	For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Subscription Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ — $ 611 $ 769 Unused fees — 64 72 Amortization of deferred financing costs — 115 150 Total interest and debt financing expenses $ — $ 790 $ 991 For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Wells Fargo Financing Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 7,285 $ 12,120 $ 4,653 Unused fees 457 567 464 Amortization of deferred financing costs 1,024 482 286 Total interest and debt financing expenses $ 8,766 $ 13,169 $ 5,403 For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the SMBC Financing Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 6,326 $ 17,745 $ 8,204 Unused fees 215 110 327 Amortization of deferred financing costs 1,287 768 495 Total interest and debt financing expenses $ 7,828 $ 18,623 $ 9,026 For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the Revolving Credit Facility were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 7,559 $ 2,783 $ — Unused fees 466 269 — Amortization of deferred financing costs 487 220 — Total interest and debt financing expenses $ 8,512 $ 3,272 $ — For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-I were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 23,969 $ 23,572 $ 9,798 Unused fees — — — Amortization of deferred financing costs 603 601 477 Total interest and debt financing expenses $ 24,572 $ 24,173 $ 10,275 For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-II were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 16,789 $ 1,149 $ — Unused fees — — — Amortization of deferred financing costs 444 30 — Total interest and debt financing expenses $ 17,233 $ 1,179 $ — For the years ended December 31, 2024, 2023, and 2022 the components of interest expense related to the CLO-III were as follows: For the Years Ended December 31, 2024 2023 2022 Borrowing interest expense $ 12,647 $ — $ — Unused fees — — — Amortization of deferred financing costs 321 — — Total interest and debt financing expenses $ 12,968 $ — $ — The Company's debt obligations consisted of the following as of December 31, 2024 and December 31, 2023: December 31, 2024 Wells Fargo Financing Facility CLO-I CLO-II CLO-III Revolving Credit Facility Total Total Commitment $ 225,000 $ 342,000 $ 214,429 $ 214,750 $ 325,000 $ 1,321,179 Amount Outstanding (1) 106,000 342,000 214,429 214,750 237,750 1,114,929 Unused Portion (2) 119,000 — — — 87,250 206,250 Amount Available (3) 119,000 — — — 87,250 206,250 _______________ (1) Amount outstanding on the consolidated statements of assets and liabilities is net of deferred financing costs. (2) The unused portion on the credit facilities is the amount upon which commitment fees are based. (3) Available for borrowing on the credit facilities based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. December 31, 2023 Wells Fargo Financing Facility SMBC Financing Facility CLO -I CLO-II Revolving Credit Facility Total Total Commitment $ 275,000 $ 150,000 $ 342,000 $ 215,000 $ 185,000 $ 1,167,000 Amount Outstanding (1) 231,000 37,377 342,000 215,000 126,500 951,877 Unused Portion (2) 44,000 112,623 — — 58,500 215,123 Amount Available (3) 43,837 112,623 — — 58,500 214,960 _______________ (1) Amount outstanding on the consolidated statements of assets and liabilities is net of deferred financing costs. (2) The unused portion on the credit facilities is the amount upon which commitment fees are based. (3) Available for borrowing on the credit facilities based on the computation of collateral to support the borrowings and subject to compliance with applicable covenants and financial ratios. For the years ended December 31, 2024, 2023, and 2022, the components of interest expense and debt financing expenses were as follows: For the Years Ended December 31, 2024 2023 2022 Interest expense $ 74,575 $ 57,980 $ 23,424 Unused fees 1,138 1,010 863 Amortization of deferred financing costs 4,166 2,216 1,408 Total interest and debt financing expenses $ 79,879 $ 61,206 $ 25,695 Average interest rate (1) 7.61 % 7.23 % 4.29 % Average daily borrowings $ 995,137 $ 816,221 $ 566,195 _______________ (1) Average interest rate includes borrowing interest expense and unused fees.
Schedule of Contractual Maturities of Debt Obligations	The following tables show the contractual maturities of the Company's debt obligations as of December 31, 2024 and December 31, 2023: Payments Due by Period As of December 31, 2024 Total Less than 1 Year 1 to 3 years 3 to 5 years More than 5 Years Wells Fargo Financing Facility $ 106,000 $ — $ 106,000 $ — $ — Revolving Credit Facility 237,750 — — 237,750 — CLO-I 342,000 — — — 342,000 CLO-II 214,429 — — — 214,429 CLO-III 214,750 — — — 214,750 Total debt obligations $ 1,114,929 $ — $ 106,000 $ 237,750 $ 771,179 Payments Due by Period As of December 31, 2023 Total Less than 1 Year 1 to 3 years 3 to 5 years More than 5 Years Wells Fargo Financing Facility $ 231,000 $ — $ — $ 231,000 $ — SMBC Financing Facility 37,377 — 37,377 — — Revolving Credit Facility 126,500 — — 126,500 — CLO-I 342,000 — — — 342,000 CLO-II 215,000 — — — 215,000 Total debt obligations $ 951,877 $ — $ 37,377 $ 357,500 $ 557,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Unfunded Commitments to Fund Delayed Draw Loans and Equity Investments	As of December 31, 2024 and December 31, 2023, the Company had the following unfunded investment commitments: Portfolio Company December 31, 2024 December 31, 2023 360 Holdco, Inc. (360 Training) - Delayed Draw Loan $ 3,093 $ — AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan 2,654 — ADPD Holdings LLC (NearU) - Delayed Draw Loan 2,136 3,291 AmerCareRoyal, LLC - Delayed Draw Loan 165 — Anne Arundel Dermatology Management, LLC - Delayed Draw Loan 366 366 Apex Service Partners, LLC - Delayed Draw Loan 110 — Apex Service Partners, LLC - Revolving Loan 18 — Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan 792 3,847 Ascend Partner Services LLC - Delayed Draw Loan 12,642 — ASTP Holdings CO-Investment LP (American Student Transportation Partners) 106 34 Athlete Buyer, LLC (Allstar Holdings) - Delayed Draw Loan — 7,373 Big Apple Advisory, LLC - Delayed Draw Loan 4,305 — Big Apple Advisory, LLC - Revolving Loan 1,740 — Bounteous, Inc. - Delayed Draw Loan — 4,467 Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan 2,760 — Businessolver.com, Inc. - Delayed Draw Loan 873 970 Calienger Acquisition, L.L.C. (Wpromote, LLC) - Delayed Draw Loan — 588 Cedar Services Group, LLC (Evergreen Services Group II) - Delayed Draw Loan — 4,488 Chroma Color Corporation - Delayed Draw Loan — 1,379 ClaimLogiq - Delayed Draw Loan — 3,225 Classic Collision - Delayed Draw Loan — 21,867 CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan 4,999 — CMP Ren Partners I-A LP (LMI Consulting, LLC) 15 15 Cobalt Service Partners, LLC - Delayed Draw Loan 3,012 — Coding Solutions Acquisition, Inc. - Delayed Draw Loan 1,872 — Coding Solutions Acquisition, Inc. - Revolving Loan 156 — Cohen Advisory, LLC - Delayed Draw Loan 4,825 — Covercraft Parent III, Inc. - Delayed Draw Loan — 4,386 CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan 2,615 — CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan 1,059 — Crete - Delayed Draw Loan — 1,443 Davidson Hotel Company LLC - Delayed Draw Loan 1,052 — DH United Holdings, LLC (D&H United Fueling Solutions) - Delayed Draw Loan 800 1,567 Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan 3,830 — DMC Holdco, LLC (DMC Power) - Delayed Draw Loan 1,671 1,671 Element 78 Partners, LLC (E78) - Delayed Draw Loan 15,639 2,570 Eliassen Group, LLC - Delayed Draw Loan — 1,903 Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) - Delayed Draw Loan — 652 ERA Industries, LLC (BTX Precision) - Delayed Draw Loan 153 — EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan 3,040 — Excel Fitness Holdings, Inc. - Delayed Draw Loan 1,897 — Eyesouth Eye Care Holdco LLC - Delayed Draw Loan — 885 FH DMI Buyer, Inc. - Delayed Draw Loan 1,104 — FirstCall Mechanical Group, LLC - Delayed Draw Loan 13,600 — FoodScience, LLC - Delayed Draw Loan 6,322 — Gannett Fleming, Inc. - Revolving Loan 2,131 — Portfolio Company December 31, 2024 December 31, 2023 GHR Healthcare, LLC - Delayed Draw Loan $ 2,594 $ — Health Management Associates, Inc. - Delayed Draw Loan 754 1,026 Heartland Paving Partners, LLC - Delayed Draw Loan 11,428 — Heartland Veterinary Partners LLC - Delayed Draw Loan 1,415 — High Bar Brands Operating, LLC - Delayed Draw Loan 596 596 HMN Acquirer Corp. - Delayed Draw Loan 2,426 — Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan — 7,203 Infobase Acquisition, Inc. - Delayed Draw Loan — 721 INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) - Delayed Draw Loan 1,979 1,979 Integrated Power Services Holdings, Inc. - Delayed Draw Loan 3,598 — ITSavvy - Delayed Draw Loan — 158 Java Buyer, Inc. (Sciens Building Solutions, LLC) - Delayed Draw Loan — 1,623 Kenco PPC Buyer LLC - Delayed Draw Loan 7,950 1,416 KENG Acquisition, Inc. (Engage PEO) - Delayed Draw Loan 6,214 8,113 KL Bronco Acquisition, Inc. (Elevation Labs) - Delayed Draw Loan 2,188 3,125 KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan — 1,607 Legacy Parent Holdings, LLC (Legacy Service Partners) - Delayed Draw Loan — 764 Liberty Buyer, Inc. (Liberty Group) - Delayed Draw Loan 449 449 Matador US Buyer, LLC (Insulation Technology Group) - Delayed Draw Loan 5,912 — MDC Intermediate Holdings II, LLC (Mosaic Dental) - Delayed Draw Loan — 553 MEI Buyer LLC - Delayed Draw Loan — 1,814 Mobile Communications America, Inc. - Delayed Draw Loan 4,826 5,970 National Power - Delayed Draw Loan — 3,051 National Renovations LLC (Repipe Specialists) - Delayed Draw Loan — 691 NFM & J, L.P. (The Facilities Group) - Delayed Draw Loan 4,465 5,028 NJEye LLC - Delayed Draw Loan — 489 North Haven Fairway Buyer, LLC (Fairway Lawns) - Delayed Draw Loan 1,639 419 North Haven Spartan US Holdco LLC - Delayed Draw Loan 3,260 — North Haven Terrapin IntermediateCo, LLC (Apex Companies) - Delayed Draw Loan — 1,115 Online Labels Group, LLC - Delayed Draw Loan 806 807 Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan 15,117 6,429 Ovation Holdings, Inc - Delayed Draw Loan 7,901 343 PAG Holding Corp. (Precision Aviation Group) - Delayed Draw Loan — 4,961 Palmetto Acquisitionco, Inc. (Tech24) - Delayed Draw Loan 1,715 3,655 Pinnacle Supply Partners, LLC - Delayed Draw Loan 2,242 3,636 Promptcare Infusion Buyer, Inc. - Delayed Draw Loan 1,437 — PT Intermediate Holdings III, LLC - Delayed Draw Loan 1,106 — R1 Holdings, LLC (RoadOne) - Delayed Draw Loan — 1,397 RA Parent Holdings LP (S&S Truck Parts) - Delayed Draw Loan — 246 Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan 2,636 3,750 Refresh Buyer, LLC (Sunny Sky Products) - Delayed Draw Loan 1,773 1,773 REP RO Coinvest IV-A, LP (RoadOne) 235 235 Rhino Intermediate Holding Company, LLC (Rhino Tool House) - Delayed Draw Loan — 921 Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan 236 — Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan 57 — Rose Paving, LLC - Delayed Draw Loan 191 — Royal Holdco Corporation (RMA Companies) - Delayed Draw Loan — 3,510 SI Solutions, LLC - Delayed Draw Loan 5,601 — Signia Aerospace, LLC - Delayed Draw Loan 122 — Smith & Howard Advisory LLC - Delayed Draw Loan 2,351 — Portfolio Company December 31, 2024 December 31, 2023 TBRS, Inc. - Delayed Draw Loan $ 2,209 $ — TBRS, Inc. - Revolving Loan 1,322 — Thermostat Purchaser III, Inc. - Delayed Draw Loan 2,787 — Tidi Legacy Products, Inc. - Delayed Draw Loan 4,085 4,085 Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan 422 1,797 Trilon Group, LLC - Delayed Draw Loan — 4,407 TSS Buyer, LLC (Technical Safety Services) - Delayed Draw Loan 1,437 2,429 US MetalCo Holdings LLC (MGM Transformer Company) - Delayed Draw Loan — 6,388 USA Water Intermediate Holdings, LLC - Delayed Draw Loan 2,703 — Vensure Employer Services, Inc. - Delayed Draw Loan 567 — Venture Buyer, LLC (Velosio) - Delayed Draw Loan 1,284 — Vessco Midco Holdings, LLC - Delayed Draw Loan 3,365 — Vessco Midco Holdings, LLC - Revolving Loan 1,726 — Victors CCC Buyer LLC (CrossCountry Consulting) - Delayed Draw Loan — 3,320 Watermill Express, LLC - Delayed Draw Loan 1,796 — Wellspring Pharmaceutical Corporation - Delayed Draw Loan 1,190 3,756 WSB Engineering Holdings Inc. - Delayed Draw Loan 566 4,357 YI, LLC (Young Innovations) - Delayed Draw Loan 3,448 3,448 Total unfunded commitments $ 235,678 $ 180,547

NET ASSETS (Tables)

NET ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Stockholders' Equity Note [Abstract]
Schedule of Total Shares Issued and Proceeds Received	The following table summarizes total shares issued and proceeds received in connection with the IPO and the Company's capital drawdowns delivered pursuant to the Subscription Agreements from inception through December 31, 2024: Date Shares Issued Proceeds Received Issuance Price per Share January 29, 2024 5,500,000 $99,275 $18.05 January 5, 2024 7,888,094 $142,382 $18.05 November 3, 2023 5,497,609 $100,000 $18.19 July 17, 2023 4,357,515 $78,565 $18.03 April 20, 2023 2,205,038 $40,000 $18.14 December 21, 2022 3,193,195 $60,000 $18.79 August 1, 2022 2,652,775 $50,082 $18.88 April 25, 2022 1,800,426 $34,964 $19.42 January 21, 2022 1,541,568 $30,000 $19.46 December 9, 2021 1,491,676 $29,207 $19.58 November 1, 2021 1,546,427 $30,000 $19.40 August 23, 2021 2,593,357 $50,000 $19.28 July 26, 2021 1,564,928 $30,000 $19.17 June 22, 2021 1,034,668 $20,000 $19.33 April 23, 2021 1,845,984 $35,000 $18.96 March 11, 2021 785,751 $15,000 $19.09 November 6, 2020 1,870,660 $35,000 $18.71 October 16, 2020 1,057,641 $20,000 $18.91 August 6, 2020 1,105,425 $20,000 $18.09 May 7, 2020 1,069,522 $20,000 $18.70 December 31, 2019 3,310,540 $66,211 $20.00 December 19, 2019 50 $1 $20.00
Schedule of Dividends Declared	The following table summarizes the Company's distributions declared from inception through December 31, 2024: Date Declared Record Date Payment Date Dividend per Share November 4, 2024 December 31, 2024 January 28, 2025 $0.45 July 31, 2024 September 30, 2024 October 28, 2024 $0.45 May 1, 2024 June 28, 2024 July 29, 2024 $0.45 January 10, 2024 February 12, 2025 April 28, 2025 $0.10 (3) January 10, 2024 November 11, 2024 January 28, 2025 $0.10 (3) January 10, 2024 August 12, 2024 October 28, 2024 $0.10 (3) January 10, 2024 May 13, 2024 July 29, 2024 $0.10 (3) January 10, 2024 March 30, 2024 April 29, 2024 $0.45 December 28, 2023 December 29, 2023 January 10, 2024 $0.50 December 28, 2023 December 29, 2023 January 10, 2024 $0.05 (2) September 28, 2023 September 28, 2023 October 12, 2023 $0.50 September 28, 2023 September 28, 2023 October 12, 2023 $0.05 (2) June 28, 2023 June 28, 2023 July 12, 2023 $0.50 June 28, 2023 June 28, 2023 July 12, 2023 $0.05 (2) March 30, 2023 March 30, 2023 April 12, 2023 $0.50 March 30, 2023 March 30, 2023 April 12, 2023 $0.26 (1) December 29, 2022 December 29, 2022 January 17, 2023 $0.50 September 28, 2022 September 28, 2022 October 11, 2022 $0.47 June 30, 2022 June 30, 2022 July 12, 2022 $0.43 March 30, 2022 March 31, 2022 April 12, 2022 $0.41 December 29, 2021 December 29, 2021 January 18, 2022 $0.40 September 29, 2021 September 29, 2021 October 11, 2021 $0.38 June 29, 2021 June 29, 2021 July 12, 2021 $0.31 March 29, 2021 March 29, 2021 April 19, 2021 $0.30 December 29, 2020 December 29, 2020 January 18, 2021 $0.28 November 4, 2020 November 4, 2020 November 11, 2020 $0.23 August 4, 2020 August 4, 2020 August 11, 2020 $0.28 April 16, 2020 April 16, 2020 April 21, 2020 $0.17 ________________ (1) Represents a special dividend and a supplemental dividend. (2) Represents a supplemental dividend. (3) Represents a special dividend. The distributions declared were derived from investment company taxable income and net capital gain, if any. The federal income tax characterization of distributions declared and paid for the fiscal year are determined at fiscal year-end based upon the Company’s investment company taxable income for the full fiscal year and distributions paid during the full year. Refer to Note 11 , Income Tax for further information. The following table reflects the shares issued pursuant to the dividend reinvestment from inception through December 31, 2024: Date Declared Record Date Payment Date Shares Issued (1) July 31, 2024 September 30, 2024 October 28, 2024 103,743 January 10, 2024 August 12, 2024 October 28, 2024 22,959 May 1, 2024 June 28, 2024 July 29, 2024 168,527 January 10, 2024 May 13, 2024 July 29, 2024 37,333 January 10, 2024 March 30, 2024 April 29, 2024 189,256 December 28, 2023 December 29, 2023 January 10, 2024 185,541 September 28, 2023 September 28, 2023 October 12, 2023 158,545 June 28, 2023 June 28, 2023 July 12, 2023 128,818 March 30, 2023 March 30, 2023 April 12, 2023 150,703 December 29, 2022 December 29, 2022 January 17, 2023 93,329 September 28, 2022 September 28, 2022 October 11, 2022 68,093 June 30, 2022 June 30, 2022 July 12, 2022 45,341 March 30, 2022 March 31, 2022 April 12, 2022 32,320 December 29, 2021 December 29, 2021 January 18, 2022 23,017 September 29, 2021 September 29, 2021 October 11, 2021 10,639 June 29, 2021 June 29, 2021 July 12, 2021 3,039 March 29, 2021 March 29, 2021 April 19, 2021 1,824 December 29, 2020 December 29, 2020 January 18, 2021 1,550 November 4, 2020 November 4, 2020 November 11, 2020 98 August 4, 2020 August 4, 2020 August 11, 2020 34 ________________
Schedule of Shares Repurchased	The following table reflects the shares repurchased pursuant to the Company 10b5-1 Plan for each month from inception through December 31, 2024 (dollar amounts in thousands, except per share data): Period Total Number of Shares Repurchased Average Price Paid per Share Approximate Dollar Value of Shares that have been Purchased Under the Plan Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan April 1, 2024 - April 30, 2024 104,075 $ 17.57 $ 1,828 $ 97,447 May 1, 2024 - May 31, 2024 96,598 $ 17.56 1,696 95,751 June 1, 2024 - June 30, 2024 91,637 $ 17.73 1,625 94,126 July 1, 2024 - July 31, 2024 75,675 $ 17.61 1,333 92,793 August 1, 2024 - August 31, 2024 154,668 $ 17.24 2,666 90,127 September 1, 2024 - September 30, 2024 109,646 $ 17.69 1,940 88,187 October 1, 2024 - October 31, 2024 155,122 $ 17.27 2,680 85,508 November 1, 2024 - November 30, 2024 375,949 $ 17.06 6,412 79,095 December 1, 2024 - December 31, 2024 780,004 $ 17.11 13,349 65,746 Total 1,943,374 $ 33,529

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Schedule of Computation of Basic and Diluted Earnings Per Common Share	The following table presents the computation of basic and diluted earnings per common share for the following periods ($ in thousands, except per share amounts) : For the Year Ended December 31, 2024 2023 2022 Net increase (decrease) in net assets resulting from operations $ 116,323 $ 75,938 $ 17,286 Weighted average common shares outstanding - basic and diluted 54,118,379 33,385,880 23,279,341 Net increase (decrease) in net assets resulting from operations per share - basic and diluted $ 2.15 $ 2.27 $ 0.74

CONSOLIDATED FINANCIAL HIGHLI_2

CONSOLIDATED FINANCIAL HIGHLIGHTS AND SENIOR SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Investment Company [Abstract]
Schedule of Financial Highlights	The following is a schedule of financial highlights for the years ended December 31, 2024, 2023, 2022, 2021, and 2020: For the Year Ended December 31, 2024 2023 2022 2021 2020 Per share data: Net asset value, beginning of period $ 18.13 $ 18.32 $ 19.39 $ 18.74 $ 20.00 Net investment income (1) 2.26 2.52 1.95 1.58 1.05 Net realized gain (loss) (1) (0.24) (0.24) (0.01) 0.06 0.08 Total net change in unrealized gain (loss) (1) 0.13 (0.01) (1.20) 0.48 (0.70) Net increase (decrease) in net assets resulting from operations (1) 2.15 2.27 0.74 2.12 0.43 Shareholder distributions (2) (2.10) (2.41) (1.81) (1.39) (0.68) Other (3) — (0.05) — (0.08) (1.01) Net asset value, end of period $ 18.18 $ 18.13 $ 18.32 $ 19.39 $ 18.74 Net assets, end of period $ 970,320 $ 747,885 $ 524,957 $ 374,051 $ 157,641 Shares outstanding, end of period 53,387,277 41,242,105 28,650,548 19,293,813 8,413,970 Per share market value, end of period $ 16.78 N/A N/A N/A N/A Total return based on NAV (4) 13.02 % 12.83 % 3.83 % 11.22 % (2.88) % Total return based on market value (5) 4.77 % N/A N/A N/A N/A Ratio/Supplemental data: Ratio of net expenses to average net assets before expense support and waived fees (6) (7) 12.69 % 13.04 % 8.45 % 6.63 % 9.05 % Ratio of net expenses to average net assets after expense support and waived fees (6) (7) 10.83 % 13.01 % 8.41 % 6.42 % 8.60 % Ratio of net investment income to average net assets (6) 13.04 % 14.06 % 10.34 % 8.11 % 5.55 % Portfolio turnover rate (8) 22.50 % 10.56 % 5.04 % 33.87 % 24.53 % Total committed capital, end of period N/A $ 906,408 $ 905,178 $ 567,526 $ 352,555 Ratio of total contributed capital to total committed capital, end of period N/A 84.29 % 60.26 % 65.27 % 45.73 % Asset coverage ratio (9) 187.03 % 178.57 % 174.41 % 191.22 % 182.03 % ________________ (1) The per share data was derived by using the weighted average shares outstanding during the period. (2) The per share data for distributions reflects the actual amount of distributions recorded during the period. (3) Includes the impact of different share amounts used in calculating per share data as a result of calculating certain per share data based on weighted average shares outstanding during the period and certain per share data based on shares outstanding as of a period end or transaction date. (4) Total return is calculated as the change in NAV per share during the period, plus distributions per share, if any, reinvested in accordance with the Company’s dividend reinvestment plan effective during each relevant period divided by the beginning NAV per share. (5) Total return based on market value is calculated as the change in market value per share during the respective periods, taking into account distributions, if any, reinvested in accordance with the Company’s dividend reinvestment plan. The beginning market value per share is based on the initial public offering price of $18.05 per share and is not annualized. (6) The ratio of total expenses to average net assets before expense support and waived fees was 12.69%, 13.04%, 8.45%, 6.63%, and 9.05% for the years ended December 31, 2024, 2023, 2022, 2021, and 2020 respectively, excluding the effect of expense support and waived fees which represented (1.86)%, (0.03)%, (0.04)%, (0.21)%, and (0.45)% of average net assets, respectively. The Expense Support Agreement terminated upon consummation of the IPO on January 29, 2024. Average net assets is calculated utilizing quarterly net assets. (7) The ratio of interest and debt financing expenses to average net assets for the years ended December 31, 2024, 2023, 2022, 2021, and 2020 was 8.51%, 10.25%, 5.84% , 3.93% and 4.77% , respectively. Average net assets is calculated utilizing quarterly net assets. (8) Portfolio turnover rate is calculated using the lesser of year-to-date sales or year-to-date purchases over the average of the invested assets at fair value for the periods reported. (9)

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Schedule of Tax-basis Cost for Federal Income Tax Purposes	For the years ended December 31, 2024 and 2023, the Company's cost of investments for federal income tax purposes and gross unrealized appreciation and depreciation on investments were as follows: December 31, 2024 December 31, 2023 Tax cost of investments $ 2,106,490 $ 1,665,824 Gross unrealized appreciation on investments 18,503 13,351 Gross unrealized (depreciation) on investments (43,614) (37,834) Net unrealized appreciation (depreciation) on investments $ (25,111) $ (24,483)
Schedule of Components of Accumulated Earnings (Losses)	As of December 31, 2024 and 2023, the components of accumulated earnings (losses) on a tax basis were as follows: December 31, 2024 December 31, 2023 Undistributed ordinary income, net $ 14,923 $ 2,375 Undistributed long-term income, net — — Total undistributed earnings $ 14,923 $ 2,375 Capital loss carryforward (9,910) (6,679) Unrealized appreciation (depreciation), net (25,111) (25,286) Other book-to-tax differences (6,402) 344 Total accumulated earnings (losses), net $ (26,500) $ (29,246)
Schedule of Tax Character of Distributions	The tax character of the distributions paid for the years ended December 31, 2024 and 2023, was as follows: December 31, 2024 December 31, 2023 Distributions paid from: Ordinary income $ 112,712 $ 81,206 Net long-term capital gains 1,566 — Total taxable distributions $ 114,278 $ 81,206

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) portfolioCompany		Dec. 31, 2023 USD ($)		Dec. 31, 2022 USD ($)
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Payment-in-kind interest income	$ 8,299,000		$ 3,644,000		$ 789,000
Dividend income	614,000		101,000		225,000
Other income	$ 2,031,000		1,143,000		1,571,000
Number of portfolio companies | portfolioCompany	1
Investments at fair value	$ 2,122,221,000	[1]	1,706,163,000	[2]
Offering costs	0		23,000		82,000
Excise taxes	551,000		6,000		$ 0
Non-Accrual Loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Investments at fair value	$ 1,896,000		$ 0
Investment Type Concentration Risk | Investment Owned at Fair Value
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
% of Total Investments at Fair Value	100%		100%
Investment Type Concentration Risk | Investment Owned at Fair Value | Payment in Kind (PIK) Note
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
% of Total Investments at Fair Value	3.70%		2.25%		0.96%
Investment Type Concentration Risk | Investment Owned at Fair Value | Non-Accrual Loans
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
% of Total Investments at Fair Value	0.09%
[1] Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information.

INVESTMENTS - Schedule of Inves

INVESTMENTS - Schedule of Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024		Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 2,098,575		$ 1,666,169
Fair Value	2,081,379		1,641,686
Investments at fair value	2,122,221	[1]	1,706,163	[2]
Subordinated Debt, Second Lien
Schedule of Investments [Line Items]
Amortized Cost	71,622		100,711
Investments at fair value	67,780		97,203
Subordinated Debt, Mezzanine Debt
Schedule of Investments [Line Items]
Amortized Cost	94,978		86,495
Investments at fair value	89,740		83,528
Structured Debt
Schedule of Investments [Line Items]
Amortized Cost	4,357		3,247
Investments at fair value	$ 1,618		$ 2,656
Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Fair Value	100%		100%
First-Lien Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 1,893,409		$ 1,450,120
Fair Value	$ 1,885,643		$ 1,427,492
First-Lien Debt | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Fair Value	90.59%		86.95%
Subordinated Debt
Schedule of Investments [Line Items]
Amortized Cost	$ 170,957		$ 190,454
Fair Value	$ 159,138		$ 183,387
Subordinated Debt | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Fair Value	7.65%		11.17%
Equity Investments
Schedule of Investments [Line Items]
Amortized Cost	$ 34,209		$ 25,595
Fair Value	36,598		30,807
Investments at fair value	$ 36,598	[1]	$ 30,807	[2]
Equity Investments | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Fair Value	1.76%		1.88%
[1] Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information.

INVESTMENTS - Schedule of Portf

INVESTMENTS - Schedule of Portfolio Composition by Industry at Fair Value (Details) - Investment Owned at Fair Value - Investment Type Concentration Risk	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	100%	100%
Aerospace & Defense
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.36%	3.13%
Automotive
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.33%	4.95%
Banking, Finance, Insurance & Real Estate
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.28%	3.95%
Beverage, Food & Tobacco
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	6.95%	7.76%
Capital Equipment
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	5.46%	4.21%
Chemicals, Plastics & Rubber
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	1.36%	2.29%
Construction & Building
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	5.54%	3.90%
Consumer Goods: Durable
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.97%	1.51%
Consumer Goods: Non-durable
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	2.34%	3.31%
Containers, Packaging & Glass
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.87%	3.97%
Energy: Electricity
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	2.50%	1.75%
Environmental Industries
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.85%	2.73%
Healthcare & Pharmaceuticals
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	14.47%	12.72%
High Tech Industries
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	8.65%	8.97%
Hotel, Gaming & Leisure
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.15%	0%
Media: Advertising, Printing & Publishing
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.90%	1.12%
Media: Diversified & Production
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.91%	0.96%
Retail
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.28%	0.35%
Services: Business
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	16.48%	18.43%
Services: Consumer
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	5.18%	4.86%
Sovereign & Public Finance
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.64%	0.65%
Telecommunications
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	3.19%	3.17%
Transportation: Cargo
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	2.95%	3.20%
Transportation: Consumer
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.62%	0.13%
Utilities: Electric
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	1.16%	0.89%
Utilities: Water
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.42%	0%
Wholesale
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	1.19%	1.09%

INVESTMENTS - Schedules of Port

INVESTMENTS - Schedules of Portfolio Composition by Geographic Composition of Investments at Cost and Fair Value (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
Amortized Cost	$ 2,098,575	$ 1,666,169
Fair Value	$ 2,081,379	$ 1,641,686
Fair Value as % of Net Assets	214.51%	219.51%
Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	100%	100%
United States
Schedule of Investments [Line Items]
Amortized Cost	$ 2,019,779	$ 1,613,815
Fair Value	$ 2,002,726	$ 1,589,384
Fair Value as % of Net Assets	206.40%	212.52%
United States | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	96.22%	96.82%
Canada
Schedule of Investments [Line Items]
Amortized Cost	$ 43,489	$ 38,462
Fair Value	$ 43,526	$ 38,292
Fair Value as % of Net Assets	4.49%	5.12%
Canada | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	2.09%	2.33%
Germany
Schedule of Investments [Line Items]
Amortized Cost	$ 22,142
Fair Value	$ 22,102
Fair Value as % of Net Assets	2.28%
Germany | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	1.06%
United Kingdom
Schedule of Investments [Line Items]
Amortized Cost	$ 13,165	$ 13,892
Fair Value	$ 13,025	$ 14,010
Fair Value as % of Net Assets	1.34%	1.87%
United Kingdom | Investment Owned at Fair Value | Investment Type Concentration Risk
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	0.63%	0.85%

INVESTMENTS - Narrative (Detail

INVESTMENTS - Narrative (Details) - Investment Owned at Fair Value - Investment Type Concentration Risk	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	100%	100%
Debt Securities, Variable Rate
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	94.68%	94.61%
Debt Securities, Fixed Rate
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	5.32%	5.39%

FAIR VALUE MEASUREMENTS - Sched

FAIR VALUE MEASUREMENTS - Schedule of Fair Value Measurements of Investments, by Major Class, and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2024		Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,122,221	[1]	$ 1,706,163	[2]
First-Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,885,643		1,427,492
Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	159,138		183,387
Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	36,598		30,807
Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,842		64,477
Subordinated Debt, Second Lien
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	67,780		97,203
Subordinated Debt, Mezzanine Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	89,740		83,528
Structured Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,618		2,656
Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,842		64,477
Level 1 | First-Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 1 | Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	40,842		64,477
Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	87,152		43,172
Level 2 | First-Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	78,793		34,481
Level 2 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	8,359		8,691
Level 2 | Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 2 | Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0		0
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,994,227		1,598,514
Level 3 | First-Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	1,806,850		1,393,011
Level 3 | Subordinated Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	150,779		174,696
Level 3 | Equity Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	36,598		30,807
Level 3 | Cash Equivalents
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0		$ 0
[1] Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information. Investment valued using unobservable inputs (Level 3). See Note 2 “Significant Accounting Policies – Valuation of Portfolio Investments” and Note 4 "Fair Value Measurements" for more information.

FAIR VALUE MEASUREMENTS - Sch_2

FAIR VALUE MEASUREMENTS - Schedule of Reconciliation of the Beginning and Ending Balances for Investments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	$ 1,598,514	$ 1,177,412
Purchase of investments and other adjustments to cost	783,527	587,893
Proceeds from principal repayments and sales of investments	(380,282)	(142,051)
Payment-in-kind interest	8,299	3,268
Amortization of premium/accretion of discount, net	1,455	2,645
Transfers out of level 3	(19,526)	(31,798)
Transfers to level 3	9,824	8,348
Ending balance	1,994,227	1,598,514
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held	200	(1,649)
First-Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	1,393,011	1,016,856
Purchase of investments and other adjustments to cost	743,619	513,487
Proceeds from principal repayments and sales of investments	(338,142)	(118,469)
Payment-in-kind interest	956	221
Amortization of premium/accretion of discount, net	931	1,386
Transfers out of level 3	(11,898)	(23,350)
Transfers to level 3	9,824	8,348
Ending balance	1,806,850	1,393,011
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held	7,551	364
Subordinated Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	174,696	133,243
Purchase of investments and other adjustments to cost	30,366	65,296
Proceeds from principal repayments and sales of investments	(40,147)	(14,915)
Payment-in-kind interest	7,343	3,047
Amortization of premium/accretion of discount, net	524	426
Transfers out of level 3	(7,628)	(8,448)
Transfers to level 3	0	0
Ending balance	150,779	174,696
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held	(6,050)	(4,167)
Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Beginning balance	30,807	27,313
Purchase of investments and other adjustments to cost	9,542	9,110
Proceeds from principal repayments and sales of investments	(1,993)	(8,667)
Payment-in-kind interest	0	0
Amortization of premium/accretion of discount, net	0	833
Transfers out of level 3	0	0
Transfers to level 3	0	0
Ending balance	36,598	30,807
Net change in unrealized appreciation (depreciation) on non-controlled/non-affiliated company investments still held	(1,301)	2,154
Net realized gain (loss) on investments | Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	(13,455)	(7,989)
Net realized gain (loss) on investments | First-Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	(5,852)	(14,339)
Net realized gain (loss) on investments | Subordinated Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	(8,667)	238
Net realized gain (loss) on investments | Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	1,064	6,112
Net change in unrealized appreciation (depreciation) on investments | Total
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	5,871	786
Net change in unrealized appreciation (depreciation) on investments | First-Lien Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	14,401	8,871
Net change in unrealized appreciation (depreciation) on investments | Subordinated Debt
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	(5,708)	(4,191)
Net change in unrealized appreciation (depreciation) on investments | Equity Investments
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Total gains (losses) included in earnings	$ (2,822)	$ (3,894)

FAIR VALUE MEASUREMENTS - Sch_3

FAIR VALUE MEASUREMENTS - Schedule of Valuation Techniques and Significant Unobservable Inputs Used in Level 3 Fair Value Measurements of Assets (Details) - Level 3 $ in Thousands	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,880,503	$ 1,403,905
First-Lien Debt | Yield Method | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,680,013	$ 1,192,190
First-Lien Debt | Yield Method | Low | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0583	0.0613
First-Lien Debt | Yield Method | High | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.2050	0.1873
First-Lien Debt | Yield Method | Weighted Average | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1013	0.1063
First-Lien Debt | Market Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 16,215	$ 19,519
First-Lien Debt | Market Approach | Low | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	6.5	6.5
First-Lien Debt | Market Approach | High | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	15.5	9.25
First-Lien Debt | Market Approach | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	7.32	7.21
First-Lien Debt | Valuation, Recent Transactions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments valued using recent transactions	$ 110,622	$ 181,302
Subordinated Debt | Yield Method | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 143,952	$ 162,646
Subordinated Debt | Yield Method | Low | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1200	0.0970
Subordinated Debt | Yield Method | High | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.2641	0.2491
Subordinated Debt | Yield Method | Weighted Average | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1546	0.1444
Subordinated Debt | Market Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 2,032
Subordinated Debt | Market Approach | Low | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	5.25
Subordinated Debt | Market Approach | High | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	14
Subordinated Debt | Market Approach | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	12.85
Subordinated Debt | Valuation, Recent Transactions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments valued using recent transactions	$ 2,899	$ 12,050
Subordinated Debt | Black-Scholes | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,896
Subordinated Debt | Black-Scholes | Low | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11
Subordinated Debt | Black-Scholes | High | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11
Subordinated Debt | Black-Scholes | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11
Equity | Yield Method | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 1,224	$ 158
Equity | Yield Method | Low | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0800	0.0836
Equity | Yield Method | High | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0925	0.0836
Equity | Yield Method | Weighted Average | Market Yield Discount Rates
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.0907	0.0836
Equity | Market Approach | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 35,147	$ 29,390
Equity | Market Approach | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value	$ 24
Equity | Market Approach | Blended EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value		$ 2
Equity | Market Approach | Low | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	5.25	6.5
Equity | Market Approach | Low | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.95
Equity | Market Approach | Low | Blended EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		13.25
Equity | Market Approach | Low | Blended Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.4
Equity | Market Approach | High | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	19.5	19.5
Equity | Market Approach | High | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.95
Equity | Market Approach | High | Blended EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		13.25
Equity | Market Approach | High | Blended Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.4
Equity | Market Approach | Weighted Average | EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	11.18	10.96
Equity | Market Approach | Weighted Average | Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.95
Equity | Market Approach | Weighted Average | Blended EBITDA Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		13.25
Equity | Market Approach | Weighted Average | Blended Revenue Multiple
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input		1.4
Equity | Valuation, Recent Transactions
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Investments valued using recent transactions	$ 203	$ 1,257

FAIR VALUE MEASUREMENTS - Sch_4

FAIR VALUE MEASUREMENTS - Schedule of Carrying Value and Fair Value of Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	$ 1,114,929	$ 951,877
Secured Debt | 2022 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	342,000	342,000
Secured Debt | 2023 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	214,429	215,000
Secured Debt | 2024 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	214,750
Carrying value | Secured Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	1,114,929	951,877
Carrying value | Secured Debt | Wells Fargo Financing Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	106,000	231,000
Carrying value | Secured Debt | SMBC Financing Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	0	37,377
Carrying value | Secured Debt | Revolving Credit Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	237,750	126,500
Carrying value | Secured Debt | 2022 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	342,000	342,000
Carrying value | Secured Debt | 2023 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	214,429	215,000
Carrying value | Secured Debt | 2024 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Carrying value	214,750	0
Fair Value | Secured Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	1,121,573	947,198
Fair Value | Secured Debt | Wells Fargo Financing Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	106,000	231,000
Fair Value | Secured Debt | SMBC Financing Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	0	37,377
Fair Value | Secured Debt | Revolving Credit Facility
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	237,750	126,500
Fair Value | Secured Debt | 2022 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	343,766	338,345
Fair Value | Secured Debt | 2023 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	217,446	213,976
Fair Value | Secured Debt | 2024 Debt
Fair Value, Option, Quantitative Disclosures [Line Items]
Fair Value	$ 216,611	$ 0

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands			12 Months Ended
	Jan. 29, 2024	Dec. 31, 2019	Dec. 31, 2024 USD ($) member	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Management fees			$ 14,683	$ 10,509	$ 7,464
Management fees payable			3,956	3,006
Voluntary fees waived			17,447
Administration fees			1,861	1,598	1,111
Administration fees payable			$ 981	505
Number of board members | member			7
Number of independent directors | member			5
Directors' fees			$ 510	383	$ 383
Directors’ fees payable			128	96
Accounts payable and accrued expenses			3,652	2,789
Expense Support Agreement
Related Party Transaction [Line Items]
Period of interest expense payment		45 days
Related Party | Investment Advisory Agreements
Related Party Transaction [Line Items]
Incentive fee percentage		32.50%
Daily weighted average principal amount (as a percent)	0.375%
Period of agreement will remain in effect		2 years
Investment advisory agreement, renewal term	1 year
Term of advisory agreement		2 years
Period of written notice	60 days
Related Party | Investment Advisory Agreement - Compensation of the Adviser, Management Fee First Five Quarters
Related Party Transaction [Line Items]
Base management fee percentage	0.75%
Related Party | Investment Advisory Agreement - Compensation of the Adviser, Management Fee, Thereafter
Related Party Transaction [Line Items]
Daily weighted average principal amount (as a percent)	1%
Related Party | Quarterly Hurdle Rate
Related Party Transaction [Line Items]
Incentive fee percentage	1.50%
Related Party | Annualized Hurdle Rate
Related Party Transaction [Line Items]
Incentive fee percentage	6%
Related Party | Pre-Incentive Fee Net Investment Income below Catch-Up Threshold
Related Party Transaction [Line Items]
Incentive fee percentage	100%
Related Party | Quarterly Catch-Up Threshold
Related Party Transaction [Line Items]
Incentive fee percentage	1.7647%
Related Party | Pre-Incentive Fee Net Investment Income Exceeds Catch-Up Threshold
Related Party Transaction [Line Items]
Incentive fee percentage	15%
Related Party | Investment Advisory Agreement - Cumulative Pre-Incentive Fee Net Return
Related Party Transaction [Line Items]
Incentive fee percentage	15%
Related Party | Realized Capital Gains
Related Party Transaction [Line Items]
Incentive fee percentage	15%
Related Party | Expense Support Agreement
Related Party Transaction [Line Items]
Investment company, fee paid indirectly			2,979
Reimbursement of previously supported expense			1,101
Related Party | Advisor and Administrator
Related Party Transaction [Line Items]
Accounts payable and accrued expenses			$ 1,320	$ 353

SECURED BORROWINGS - Narrative

SECURED BORROWINGS - Narrative (Details)

9 Months Ended

12 Months Ended

Oct. 04, 2024 USD ($)

Mar. 14, 2024 USD ($)

Dec. 07, 2023 USD ($)

Nov. 21, 2023 USD ($)

Nov. 20, 2023 USD ($)

Jun. 23, 2023 USD ($)

May 20, 2022 USD ($)

May 05, 2022

Sep. 30, 2024 USD ($)

Dec. 31, 2024 USD ($)

Dec. 31, 2023 USD ($)

Aug. 27, 2024 USD ($)

Aug. 26, 2024 USD ($)

Dec. 06, 2023 USD ($)

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Sep. 10, 2020 USD ($)

Debt Instrument [Line Items]

Asset coverage ratio (as a percent)

187.03%

178.57%

174.41%

191.22%

182.03%

Total committed facility amount

$ 1,321,179,000

$ 1,167,000,000

Amount available

206,250,000

214,960,000

Credit Facility | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

$ 325,000,000

$ 250,000,000

Percentage of interest rate

2%

2.125%

Three Month SOFR | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Credit spread adjustment (as a percent)

0.10%

0.15%

Six Month SOFR | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Credit spread adjustment (as a percent)

0.10%

0.25%

All Other Borrowing Rates | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Credit spread adjustment (as a percent)

1%

1.125%

Subscription Facility | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

$ 50,000,000

Wells Fargo Financing Facility | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

225,000,000

275,000,000

Amount available

$ 119,000,000

$ 43,837,000

$ 225,000,000

$ 150,000,000

Covenant asset coverage ratio

1.50

Commitment reduction fee, percentage

1%

Line of credit facility, unused capacity, commitment fee percentage, less than forty percent of total commitments

0.50%

Line of credit facility, maximum borrowing capacity percentage

40%

Line of credit facility, unused capacity, commitment fee percentage, in excess of forty percent of total commitments

1.50%

Wells Fargo Financing Facility | Secured Overnight Financing Rate (SOFR) | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.20%

2.20%

Wells Fargo Financing Facility - Daily Undrawn Amounts During the Period | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Unused commitment fee, percentage

0.25%

Wells Fargo Financing Facility - for Next Six Months and Thereafter | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Unused commitment fee, percentage

0.50%

SMBC Financing Facility | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

$ 150,000,000

$ 150,000,000

$ 300,000,000

$ 150,000,000

$ 300,000,000

Amount available

112,623,000

Unused commitment fee, percentage

0.50%

Subsequent increase

$ 250,000,000

Unused commitment fee percentage, less than fifty percent of total commitments

0.50%

Unused commitment fee percentage, more than fifty percent of total commitments

1%

Debt instrument, extension fee

$ 450,000

Annualized fee percentage

0.30%

SMBC Financing Facility | Secured Overnight Financing Rate (SOFR) | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.65%

2.15%

SMBC Financing Facility | Base Rate | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

1.65%

1.15%

Revolving Credit Facility | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

$ 325,000,000

185,000,000

Amount available

$ 87,250,000

$ 58,500,000

Unused commitment fee, percentage

0.375%

Revolving Credit Facility | Credit Facility | Bridge Loan

Debt Instrument [Line Items]

Total committed facility amount

$ 25,000,000

Revolving Credit Facility | Secured Overnight Financing Rate (SOFR) | Credit Facility | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2%

2.25%

2022 Debt | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

$ 342,000,000

$ 342,000,000

Amount available

0

0

Debt securitization

$ 448,325,000

AAA Class A-1 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 199,000,000

AAA Class A-1 2022 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

1.80%

AAA Class A-1F 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

4.42%

Debt securitization

$ 34,250,000

AA Class B 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 47,250,000

AA Class B 2022 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.30%

A Class C 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 31,500,000

A Class C 2022 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

3.15%

BBB Class D 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 27,000,000

BBB Class D 2022 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

4.15%

Subordinated 2022 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 79,325,000

AAA Class A-L 2022 Loans to CLO-I | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 30,000,000

AAA Class A-L 2022 Loans to CLO-I | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

1.80%

2023 Debt | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

214,429,000

215,000,000

Amount available

0

$ 0

Debt securitization

298,060,000

AAA Class X 2023 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 2,000,000

AAA Class X 2023 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2%

AAA Class A-1 2023 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 100,500,000

AAA Class A-1 2023 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.35%

AA Class B 2023 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 37,500,000

AA Class B 2023 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

3.20%

Subordinated 2023 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 83,060,000

AAA Class A-L-A 2023 to CLO-II | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 25,000,000

AAA Class A-L-A 2023 to CLO-II | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.35%

AAA Class A-L-B 2023 Loans to CLO-II | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 50,000,000

AAA Class A-L-B 2023 Loans to CLO-II | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.35%

2024 Debt | Secured Debt

Debt Instrument [Line Items]

Total committed facility amount

214,750,000

Amount available

$ 0

Debt securitization

$ 296,970,000

AAA Class X 2024 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 2,000,000

AAA Class X 2024 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

1.40%

AAA Class A 2024 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 175,500,000

AAA Class A 2024 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2%

AA Class B 2024 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 37,500,000

AA Class B 2024 Notes | Secured Overnight Financing Rate (SOFR) | Secured Debt

Debt Instrument [Line Items]

Percentage of interest rate

2.65%

Subordinated 2024 Notes | Secured Debt

Debt Instrument [Line Items]

Debt securitization

$ 81,970,000

SECURED BORROWINGS - Schedule o

SECURED BORROWINGS - Schedule of Components of Interest Expense and Debt Financing Expenses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Borrowing interest expense	$ 74,575	$ 57,980	$ 23,424
Unused fees	1,138	1,010	863
Amortization of deferred financing costs	4,166	2,216	1,408
Total interest and debt financing expenses	$ 79,879	$ 61,206	$ 25,695
Average interest rate	7.61%	7.23%	4.29%
Average daily borrowings	$ 995,137	$ 816,221	$ 566,195
Subscription Facility | Credit Facility | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	0	611	769
Unused fees	0	64	72
Amortization of deferred financing costs	0	115	150
Total interest and debt financing expenses	0	790	991
Wells Fargo Financing Facility | Credit Facility | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	7,285	12,120	4,653
Unused fees	457	567	464
Amortization of deferred financing costs	1,024	482	286
Total interest and debt financing expenses	8,766	13,169	5,403
SMBC Financing Facility | Credit Facility | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	6,326	17,745	8,204
Unused fees	215	110	327
Amortization of deferred financing costs	1,287	768	495
Total interest and debt financing expenses	7,828	18,623	9,026
Revolving Credit Facility | Credit Facility | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	7,559	2,783	0
Unused fees	466	269	0
Amortization of deferred financing costs	487	220	0
Total interest and debt financing expenses	8,512	3,272	0
CLO-I | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	23,969	23,572	9,798
Unused fees	0	0	0
Amortization of deferred financing costs	603	601	477
Total interest and debt financing expenses	24,572	24,173	10,275
CLO-II | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	16,789	1,149	0
Unused fees	0	0	0
Amortization of deferred financing costs	444	30	0
Total interest and debt financing expenses	17,233	1,179	0
CLO-III | Secured Debt
Debt Instrument [Line Items]
Borrowing interest expense	12,647	0	0
Unused fees	0	0	0
Amortization of deferred financing costs	321	0	0
Total interest and debt financing expenses	$ 12,968	$ 0	$ 0

SECURED BORROWINGS - Schedule_2

SECURED BORROWINGS - Schedule of Debt Obligations (Details) - USD ($)	Dec. 31, 2024	Oct. 04, 2024	Sep. 30, 2024	Aug. 27, 2024	Aug. 26, 2024	Dec. 31, 2023	Dec. 07, 2023	Dec. 06, 2023	Nov. 21, 2023	Nov. 20, 2023
Debt Instrument [Line Items]
Total Commitment	$ 1,321,179,000					$ 1,167,000,000
Amount outstanding	1,114,929,000					951,877,000
Unused portion	206,250,000					215,123,000
Amount available	206,250,000					214,960,000
CLO-I | Secured Debt
Debt Instrument [Line Items]
Total Commitment	342,000,000					342,000,000
Amount outstanding	342,000,000					342,000,000
Unused portion	0					0
Amount available	0					0
CLO-II | Secured Debt
Debt Instrument [Line Items]
Total Commitment	214,429,000					215,000,000
Amount outstanding	214,429,000					215,000,000
Unused portion	0					0
Amount available	0					0
CLO-III | Secured Debt
Debt Instrument [Line Items]
Total Commitment	214,750,000
Amount outstanding	214,750,000
Unused portion	0
Amount available	0
Secured Debt | Credit Facility
Debt Instrument [Line Items]
Total Commitment		$ 325,000,000	$ 250,000,000
Secured Debt | Wells Fargo Financing Facility | Credit Facility
Debt Instrument [Line Items]
Total Commitment	225,000,000					275,000,000
Amount outstanding	106,000,000					231,000,000
Unused portion	119,000,000					44,000,000
Amount available	119,000,000			$ 225,000,000	$ 150,000,000	43,837,000
Secured Debt | SMBC Financing Facility | Credit Facility
Debt Instrument [Line Items]
Total Commitment						150,000,000	$ 150,000,000	$ 300,000,000	$ 150,000,000	$ 300,000,000
Amount outstanding						37,377,000
Unused portion						112,623,000
Amount available						112,623,000
Secured Debt | Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Total Commitment	325,000,000					185,000,000
Amount outstanding	237,750,000					126,500,000
Unused portion	87,250,000					58,500,000
Amount available	$ 87,250,000					$ 58,500,000

SECURED BORROWINGS - Schedule_3

SECURED BORROWINGS - Schedule of Contractual Maturities of Debt Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Total	$ 1,114,929	$ 951,877
1 to 3 years	106,000	37,377
3 to 5 years	237,750	357,500
More than 5 Years	771,179	557,000
Wells Fargo Financing Facility | Credit Facility
Debt Instrument [Line Items]
Total	106,000	231,000
1 to 3 years	106,000	0
3 to 5 years	0	231,000
More than 5 Years	0	0
SMBC Financing Facility | Credit Facility
Debt Instrument [Line Items]
Total		37,377
1 to 3 years		37,377
3 to 5 years		0
More than 5 Years		0
Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Total	237,750	126,500
1 to 3 years	0	0
3 to 5 years	237,750	126,500
More than 5 Years	0	0
CLO-I | Secured Debt
Debt Instrument [Line Items]
Total	342,000	342,000
1 to 3 years	0	0
3 to 5 years	0	0
More than 5 Years	342,000	342,000
CLO-II | Secured Debt
Debt Instrument [Line Items]
Total	214,429	215,000
1 to 3 years	0	0
3 to 5 years	0	0
More than 5 Years	214,429	$ 215,000
CLO-III | Secured Debt
Debt Instrument [Line Items]
Total	214,750
1 to 3 years	0
3 to 5 years	0
More than 5 Years	$ 214,750

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	$ 235,678	$ 180,547
Investment, Identifier [Axis]: 360 Holdco, Inc. (360 Training) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,093	0
Investment, Identifier [Axis]: AB Centers Acquisition Corporation (Action Behavior Centers) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,654	0
Investment, Identifier [Axis]: ADPD Holdings LLC (NearU) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,136	3,291
Investment, Identifier [Axis]: ASTP Holdings CO-Investment LP (American Student Transportation Partners)
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	106	34
Investment, Identifier [Axis]: AmerCareRoyal, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	165	0
Investment, Identifier [Axis]: Anne Arundel Dermatology Management, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	366	366
Investment, Identifier [Axis]: Apex Service Partners, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	110	0
Investment, Identifier [Axis]: Apex Service Partners, LLC - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	18	0
Investment, Identifier [Axis]: Archer Acquisition, LLC (ARMstrong) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	792	3,847
Investment, Identifier [Axis]: Ascend Partner Services LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	12,642	0
Investment, Identifier [Axis]: Athlete Buyer, LLC (Allstar Holdings) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	7,373
Investment, Identifier [Axis]: Big Apple Advisory, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,305	0
Investment, Identifier [Axis]: Big Apple Advisory, LLC - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,740	0
Investment, Identifier [Axis]: Bounteous, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	4,467
Investment, Identifier [Axis]: Bridges Consumer Healthcare Intermediate LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,760	0
Investment, Identifier [Axis]: Businessolver.com, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	873	970
Investment, Identifier [Axis]: CLS Management Services, LLC (Contract Land Staff) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,999	0
Investment, Identifier [Axis]: CMP Ren Partners I-A LP (LMI Consulting, LLC)
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	15	15
Investment, Identifier [Axis]: CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,615	0
Investment, Identifier [Axis]: CRCI Longhorn Holdings, Inc. (CRCI Holdings Inc) - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,059	0
Investment, Identifier [Axis]: Calienger Acquisition, L.L.C. (Wpromote, LLC) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	588
Investment, Identifier [Axis]: Cedar Services Group, LLC (Evergreen Services Group II) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	4,488
Investment, Identifier [Axis]: Chroma Color Corporation - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,379
Investment, Identifier [Axis]: ClaimLogiq - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	3,225
Investment, Identifier [Axis]: Classic Collision - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	21,867
Investment, Identifier [Axis]: Cobalt Service Partners, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,012	0
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,872	0
Investment, Identifier [Axis]: Coding Solutions Acquisition, Inc. - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	156	0
Investment, Identifier [Axis]: Cohen Advisory, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,825	0
Investment, Identifier [Axis]: Covercraft Parent III, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	4,386
Investment, Identifier [Axis]: Crete - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,443
Investment, Identifier [Axis]: DH United Holdings, LLC (D&H United Fueling Solutions) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	800	1,567
Investment, Identifier [Axis]: DMC Holdco, LLC (DMC Power) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,671	1,671
Investment, Identifier [Axis]: Davidson Hotel Company LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,052	0
Investment, Identifier [Axis]: Diligent Corporation (fka Diamond Merger Sub II, Corp.) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,830	0
Investment, Identifier [Axis]: ERA Industries, LLC (BTX Precision) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	153	0
Investment, Identifier [Axis]: EVDR Purchaser, Inc. (Alternative Logistics Technologies Buyer, LLC) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,040	0
Investment, Identifier [Axis]: Element 78 Partners, LLC (E78) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	15,639	2,570
Investment, Identifier [Axis]: Eliassen Group, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,903
Investment, Identifier [Axis]: Entomo Brands Acquisitions, Inc. (Palmetto Exterminators) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	652
Investment, Identifier [Axis]: Excel Fitness Holdings, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,897	0
Investment, Identifier [Axis]: Eyesouth Eye Care Holdco LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	885
Investment, Identifier [Axis]: FH DMI Buyer, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,104	0
Investment, Identifier [Axis]: FirstCall Mechanical Group, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	13,600	0
Investment, Identifier [Axis]: FoodScience, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	6,322	0
Investment, Identifier [Axis]: GHR Healthcare, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,594	0
Investment, Identifier [Axis]: Gannett Fleming, Inc. - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,131	0
Investment, Identifier [Axis]: HMN Acquirer Corp. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,426	0
Investment, Identifier [Axis]: Health Management Associates, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	754	1,026
Investment, Identifier [Axis]: Heartland Paving Partners, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	11,428	0
Investment, Identifier [Axis]: Heartland Veterinary Partners LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,415	0
Investment, Identifier [Axis]: High Bar Brands Operating, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	596	596
Investment, Identifier [Axis]: INS Intermediate II, LLC (Ergotech DBA Industrial Networking Solutions) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,979	1,979
Investment, Identifier [Axis]: ITSavvy - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	158
Investment, Identifier [Axis]: Impact Parent Corporation (Impact Environmental Group) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	7,203
Investment, Identifier [Axis]: Infobase Acquisition, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	721
Investment, Identifier [Axis]: Integrated Power Services Holdings, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,598	0
Investment, Identifier [Axis]: Java Buyer, Inc. (Sciens Building Solutions, LLC) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,623
Investment, Identifier [Axis]: KENG Acquisition, Inc. (Engage PEO) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	6,214	8,113
Investment, Identifier [Axis]: KL Bronco Acquisition, Inc. (Elevation Labs) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,188	3,125
Investment, Identifier [Axis]: KRIV Acquisition, Inc. (Riveron) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,607
Investment, Identifier [Axis]: Kenco PPC Buyer LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	7,950	1,416
Investment, Identifier [Axis]: Legacy Parent Holdings, LLC (Legacy Service Partners) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	764
Investment, Identifier [Axis]: Liberty Buyer, Inc. (Liberty Group) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	449	449
Investment, Identifier [Axis]: MDC Intermediate Holdings II, LLC (Mosaic Dental) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	553
Investment, Identifier [Axis]: MEI Buyer LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,814
Investment, Identifier [Axis]: Matador US Buyer, LLC (Insulation Technology Group) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	5,912	0
Investment, Identifier [Axis]: Mobile Communications America, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,826	5,970
Investment, Identifier [Axis]: NFM & J, L.P. (The Facilities Group) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,465	5,028
Investment, Identifier [Axis]: NJEye LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	489
Investment, Identifier [Axis]: National Power - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	3,051
Investment, Identifier [Axis]: National Renovations LLC (Repipe Specialists) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	691
Investment, Identifier [Axis]: North Haven Fairway Buyer, LLC (Fairway Lawns) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,639	419
Investment, Identifier [Axis]: North Haven Spartan US Holdco LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,260	0
Investment, Identifier [Axis]: North Haven Terrapin IntermediateCo, LLC (Apex Companies) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,115
Investment, Identifier [Axis]: Online Labels Group, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	806	807
Investment, Identifier [Axis]: Orion Group FM Holdings, LLC (Leo Facilities) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	15,117	6,429
Investment, Identifier [Axis]: Ovation Holdings, Inc - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	7,901	343
Investment, Identifier [Axis]: PAG Holding Corp. (Precision Aviation Group) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	4,961
Investment, Identifier [Axis]: PT Intermediate Holdings III, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,106	0
Investment, Identifier [Axis]: Palmetto Acquisitionco, Inc. (Tech24) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,715	3,655
Investment, Identifier [Axis]: Pinnacle Supply Partners, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,242	3,636
Investment, Identifier [Axis]: Promptcare Infusion Buyer, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,437	0
Investment, Identifier [Axis]: R1 Holdings, LLC (RoadOne) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	1,397
Investment, Identifier [Axis]: RA Parent Holdings LP (S&S Truck Parts) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	246
Investment, Identifier [Axis]: REP RO Coinvest IV-A, LP (RoadOne)
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	235	235
Investment, Identifier [Axis]: Randys Holdings, Inc. (Randy's Worldwide Automotive) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,636	3,750
Investment, Identifier [Axis]: Refresh Buyer, LLC (Sunny Sky Products) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,773	1,773
Investment, Identifier [Axis]: Rhino Intermediate Holding Company, LLC (Rhino Tool House) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	921
Investment, Identifier [Axis]: Ridge Trail US Bidco, Inc. (Options IT) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	236	0
Investment, Identifier [Axis]: Ridge Trail US Bidco, Inc. (Options IT) - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	57	0
Investment, Identifier [Axis]: Rose Paving, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	191	0
Investment, Identifier [Axis]: Royal Holdco Corporation (RMA Companies) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	3,510
Investment, Identifier [Axis]: SI Solutions, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	5,601	0
Investment, Identifier [Axis]: Signia Aerospace, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	122	0
Investment, Identifier [Axis]: Smith & Howard Advisory LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,351	0
Investment, Identifier [Axis]: TBRS, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,209	0
Investment, Identifier [Axis]: TBRS, Inc. - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,322	0
Investment, Identifier [Axis]: TSS Buyer, LLC (Technical Safety Services) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,437	2,429
Investment, Identifier [Axis]: Thermostat Purchaser III, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,787	0
Investment, Identifier [Axis]: Tidi Legacy Products, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	4,085	4,085
Investment, Identifier [Axis]: Transit Buyer, LLC (Propark Mobility) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	422	1,797
Investment, Identifier [Axis]: Trilon Group, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	4,407
Investment, Identifier [Axis]: US MetalCo Holdings LLC (MGM Transformer Company) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	6,388
Investment, Identifier [Axis]: USA Water Intermediate Holdings, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	2,703	0
Investment, Identifier [Axis]: Vensure Employer Services, Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	567	0
Investment, Identifier [Axis]: Venture Buyer, LLC (Velosio) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,284	0
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	3,365	0
Investment, Identifier [Axis]: Vessco Midco Holdings, LLC - Revolving Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,726	0
Investment, Identifier [Axis]: Victors CCC Buyer LLC (CrossCountry Consulting) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	0	3,320
Investment, Identifier [Axis]: WSB Engineering Holdings Inc. - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	566	4,357
Investment, Identifier [Axis]: Watermill Express, LLC - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,796	0
Investment, Identifier [Axis]: Wellspring Pharmaceutical Corporation - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	1,190	3,756
Investment, Identifier [Axis]: YI, LLC (Young Innovations) - Delayed Draw Loan
Financial Support for Nonconsolidated Legal Entity [Line Items]
Total unfunded commitments	$ 3,448	$ 3,448

NET ASSETS - Narrative (Details

NET ASSETS - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Jan. 29, 2024	Dec. 31, 2024	Mar. 05, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Common stock, shares authorized (in shares)		500,000,000		500,000,000
Common shares, par value (in dollars per share)		$ 0.01		$ 0.01
Share Repurchase Plan
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 99,275
IPO
Class of Stock [Line Items]
Sale of stock, number of shares issued (in shares)	5,500,000
Issuance price per share (in dollars per share)	$ 18.05
Sale of stock, consideration received	$ 99,275

NET ASSETS - Schedule of Total

NET ASSETS - Schedule of Total Shares Issued and Proceeds Received (Details) - USD ($) $ / shares in Units, $ in Thousands																							12 Months Ended
	Jan. 29, 2024	Jan. 05, 2024	Nov. 03, 2023	Jul. 17, 2023	Apr. 20, 2023	Dec. 21, 2022	Aug. 01, 2022	Apr. 25, 2022	Jan. 21, 2022	Dec. 09, 2021	Nov. 01, 2021	Aug. 23, 2021	Jul. 26, 2021	Jun. 22, 2021	Apr. 23, 2021	Mar. 11, 2021	Nov. 06, 2020	Oct. 16, 2020	Aug. 06, 2020	May 07, 2020	Dec. 31, 2019	Dec. 19, 2019	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Shares issued (in shares)	5,500,000	7,888,094	5,497,609	4,357,515	2,205,038	3,193,195	2,652,775	1,800,426	1,541,568	1,491,676	1,546,427	2,593,357	1,564,928	1,034,668	1,845,984	785,751	1,870,660	1,057,641	1,105,425	1,069,522	3,310,540	50
Proceeds Received	$ 99,275	$ 142,382	$ 100,000	$ 78,565	$ 40,000	$ 60,000	$ 50,082	$ 34,964	$ 30,000	$ 29,207	$ 30,000	$ 50,000	$ 30,000	$ 20,000	$ 35,000	$ 15,000	$ 35,000	$ 20,000	$ 20,000	$ 20,000	$ 66,211	$ 1	$ 241,657	$ 218,896	$ 174,588
Issuance price per share (in dollars per share)	$ 18.05	$ 18.05	$ 18.19	$ 18.03	$ 18.14	$ 18.79	$ 18.88	$ 19.42	$ 19.46	$ 19.58	$ 19.40	$ 19.28	$ 19.17	$ 19.33	$ 18.96	$ 19.09	$ 18.71	$ 18.91	$ 18.09	$ 18.70	$ 20	$ 20

NET ASSETS - Schedule of Divide

NET ASSETS - Schedule of Dividends Declared (Details) - $ / shares

12 Months Ended

Oct. 28, 2024

Jul. 29, 2024

Apr. 29, 2024

Jan. 10, 2024

Oct. 12, 2023

Jul. 12, 2023

Apr. 12, 2023

Jan. 17, 2023

Oct. 11, 2022

Jul. 12, 2022

Apr. 12, 2022

Jan. 18, 2022

Oct. 11, 2021

Jul. 12, 2021

Apr. 19, 2021

Jan. 18, 2021

Nov. 11, 2020

Aug. 11, 2020

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Dec. 31, 2021

Class of Stock [Line Items]

Shares Issued (in shares)

103,743

168,527

189,256

185,541

158,545

128,818

150,703

93,329

68,093

45,341

32,320

23,017

10,639

3,039

1,824

1,550

98

34

O 2025 Q1 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.45

Dividend per share, special (in dollars per share)

0.10

O 2024 Q4 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.45

Dividend per share, special (in dollars per share)

0.10

Shares Issued (in shares)

22,959

O 2024 Q3 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.45

Dividend per share, special (in dollars per share)

0.10

Shares Issued (in shares)

37,333

O 2025 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, special (in dollars per share)

0.10

O 2024 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.45

O 2024 Q1 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.50

Dividend per share, supplemental (in dollars per share)

$ 0.05

O 2023 Q4 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.50

Dividend per share, supplemental (in dollars per share)

0.05

O 2023 Q3 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.50

Dividend per share, supplemental (in dollars per share)

0.05

O 2023 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.50

Dividend per share, supplemental (in dollars per share)

0.26

O 2023 Q1 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.50

O 2022 Q4 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.47

O 2022 Q3 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.43

O 2022 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.41

O 2022 Q1 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.40

O 2021 Q4 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.38

O 2021 Q3 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.31

O 2021 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.30

O 2021 Q1 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.28

O 2020 Q4 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.23

O 2020 Q3 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

0.28

O 2020 Q2 Dividends

Class of Stock [Line Items]

Dividend per share, ordinary (in dollars per share)

$ 0.17

NET ASSETS - Schedule of Shares

NET ASSETS - Schedule of Shares Repurchased (Details) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended									12 Months Ended
	Dec. 31, 2024	Nov. 30, 2024	Oct. 31, 2024	Sep. 30, 2024	Aug. 31, 2024	Jul. 31, 2024	Jun. 30, 2024	May 31, 2024	Apr. 30, 2024	Dec. 31, 2024
Investment Company [Abstract]
Total number of shares repurchased (in shares)	780,004	375,949	155,122	109,646	154,668	75,675	91,637	96,598	104,075	1,943,374
Average price paid per share (in dollars per share)	$ 17.11	$ 17.06	$ 17.27	$ 17.69	$ 17.24	$ 17.61	$ 17.73	$ 17.56	$ 17.57
Approximate Dollar Value of Shares that have been Purchased Under the Plan	$ 13,349	$ 6,412	$ 2,680	$ 1,940	$ 2,666	$ 1,333	$ 1,625	$ 1,696	$ 1,828	$ 33,529
Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plan	$ 65,746	$ 79,095	$ 85,508	$ 88,187	$ 90,127	$ 92,793	$ 94,126	$ 95,751	$ 97,447	$ 65,746

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Earnings Per Share [Abstract]
Net increase (decrease) in net assets resulting from operations	$ 116,323	$ 75,938	$ 17,286
Weighted average common shares outstanding - basic (in shares)	54,118,379	33,385,880	23,279,341
Weighted average common shares outstanding - diluted (in shares)	54,118,379	33,385,880	23,279,341
Net increase (decrease) in net assets resulting from operations per share - basic and diluted (in dollars per share)	$ 2.15	$ 2.27	$ 0.74

CONSOLIDATED FINANCIAL HIGHLI_3

CONSOLIDATED FINANCIAL HIGHLIGHTS AND SENIOR SECURITIES (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Investment Company, Financial Highlights [Roll Forward]
Net asset value, beginning of period (in dollars per share)	$ 18.13	$ 18.32	$ 19.39	$ 18.74	$ 20
Net investment income (in dollars per share)	2.26	2.52	1.95	1.58	1.05
Net realized gain (loss) (in dollars per share)	(0.24)	(0.24)	(0.01)	0.06	0.08
Total net change in unrealized gain (loss) (in dollars per share)	0.13	(0.01)	(1.20)	0.48	(0.70)
Net increase (decrease) in net assets resulting from operations (in dollars per share)	2.15	2.27	0.74	2.12	0.43
Shareholder distributions from net investment income (in dollars per share)	(2.10)	(2.41)	(1.81)	(1.39)	(0.68)
Other (in dollars per share)	0	(0.05)	0	(0.08)	(1.01)
Net asset value, end of period (in dollars per share)	$ 18.18	$ 18.13	$ 18.32	$ 19.39	$ 18.74
Net assets, end of period	$ 970,320	$ 747,885	$ 524,957	$ 374,051	$ 157,641
Shares outstanding, end of period (in shares)	53,387,277	41,242,105	28,650,548	19,293,813	8,413,970
Per share market value, end of period (in dollars per share)	$ 16.78	$ 18.05
Total return based on NAV	13.02%	12.83%	3.83%	11.22%	(2.88%)
Total return based on market value	4.77%
Ratio/Supplemental data:
Ratio of net expenses to average net assets before expense support and waived fees	12.69%	13.04%	8.45%	6.63%	9.05%
Ratio of net expenses to average net assets after expense support and waived fees	10.83%	13.01%	8.41%	6.42%	8.60%
Ratio of net investment income to average net assets	13.04%	14.06%	10.34%	8.11%	5.55%
Portfolio turnover rate	22.50%	10.56%	5.04%	33.87%	24.53%
Total committed capital, end of period		$ 906,408	$ 905,178	$ 567,526	$ 352,555
Ratio of total contributed capital to total committed capital, end of period		84.29%	60.26%	65.27%	45.73%
Asset coverage ratio (as a percent)	187.03%	178.57%	174.41%	191.22%	182.03%
Ratio of total expenses to average net assets (as a percent)	12.69%	13.04%	8.45%	6.63%	9.05%
Effect of expense support to average net assets ratio (as a percent)	(1.86%)	(0.03%)	(0.04%)	(0.21%)	(0.45%)
Ratio of interest and debt financing expenses to average net assets (as a percent)	8.51%	10.25%	5.84%	3.93%	4.77%

INCOME TAX - Schedule of Tax-ba

INCOME TAX - Schedule of Tax-basis Cost for Federal Income Tax Purposes (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Tax cost of investments	$ 2,106,490	$ 1,665,824
Gross unrealized appreciation on investments	18,503	13,351
Gross unrealized (depreciation) on investments	(43,614)	(37,834)
Net unrealized appreciation (depreciation) on investments	$ (25,111)	$ (24,483)

INCOME TAX - Schedule of Compon

INCOME TAX - Schedule of Components of Accumulated Earnings (Losses) (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Undistributed ordinary income, net	$ 14,923	$ 2,375
Undistributed long-term income, net	0	0
Total undistributed earnings	14,923	2,375
Capital loss carryforward	(9,910)	(6,679)
Unrealized appreciation (depreciation), net	(25,111)	(25,286)
Other book-to-tax differences	(6,402)	344
Total accumulated earnings (losses), net	$ (26,500)	$ (29,246)

INCOME TAX - Narrative (Details

INCOME TAX - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Valuation Allowance [Line Items]
Capital loss carryforward	$ (9,910,000)	$ (6,679,000)
Excise taxes	551,000	6,000	$ 0
Net deferred tax liability	1,008,000	855,000
Non-controlled/Non-affiliated
Valuation Allowance [Line Items]
Income tax (provision) benefit	$ 154,000	$ 830,000	$ 24,000

INCOME TAX - Schedule of Tax Ch

INCOME TAX - Schedule of Tax Character of Distributions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Ordinary income	$ 112,712	$ 81,206
Net long-term capital gains	1,566	0
Total taxable distributions	$ 114,278	$ 81,206

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details)	Feb. 24, 2025 USD ($)	Feb. 19, 2025 $ / shares	Feb. 25, 2025 USD ($) shares	Feb. 10, 2025 director	Feb. 09, 2025 director	Jan. 22, 2025 USD ($)	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Subsequent Event [Line Items]
Total committed facility amount							$ 1,321,179,000	$ 1,167,000,000
Subsequent Event
Subsequent Event [Line Items]
Number of directors | director				6	7
Additional shares repurchased (in shares) | shares			1,419,967
Stock repurchase program, authorized amount			$ 24,076,000
Subsequent Event | O 2024 Q4 Regular Dividends
Subsequent Event [Line Items]
Dividend per share (in dollars per share) | $ / shares		$ 0.45
6.650% Notes due March 2030 | Subsequent Event
Subsequent Event [Line Items]
Total committed facility amount						$ 300,000,000
Interest rate						6.65%
6.650% Notes due March 2030 | Subsequent Event | Interest Rate Swap
Subsequent Event [Line Items]
Derivative, notional amount						$ 300,000
Fixed interest rate						6.65%
Floating interest rate						2.3015%
AAA Class X Notes | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 1,900,000
Percentage of interest rate	1.05%
AAA Class A-R Notes | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 233,250,000
Percentage of interest rate	1.38%
AAA Class A-L-R Loans | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 30,000,000
Percentage of interest rate	1.38%
AA Class B-R Notes | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 56,250,000
Percentage of interest rate	1.70%
Subordinated 2025 Notes | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 136,575,000
Subordinated Notes Issued On Original Closing Date | Subsequent Event | Secured Debt
Subsequent Event [Line Items]
Debt securitization	$ 79,325,000