Diameter Credit 10-Q 8 Aug 24 2024 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2024	Aug. 08, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2024
Document Quarterly Report	true
Document Transition Report	false
Entity Registrant Name	Diameter Credit Company
Entity Central Index Key	0001916099
Current Fiscal Year End Date	--12-31
Securities Act File Number	000-56624
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	88-1389797
Entity Address, Address Line One	55 Hudson Yards
Entity Address, Address Line Two	29th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10001
City Area Code	212
Local Phone Number	655-1419
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,555,274

Consolidated Statements of Asse

Consolidated Statements of Assets and Liabilities (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Investments, at fair value
Total investments, at fair value (amortized cost $433,672)	$ 436,224
Cash and cash equivalents (restricted cash of $41,046 and $0 at June 30, 2024 and December 31, 2023 respectively)	79,612	$ 2,880
Interest receivable	3,476
Deferred financing costs	2,290
Deferred offering costs	342	545
Other assets	25	40
Total Assets	521,969	3,465
Liabilities
Revolving Credit Facilities	204,200
Repurchase Obligations	34,460
Distributions payable	4,764
Interest payable	2,503
Management Fees payable	564
Due to affiliates	759	154
Preferred shareholders dividends payable		5
Board of Trustees' fees payable	59	16
Accrued expenses and other liabilities		1,136
Liabilities	247,309	1,311
Commitments and contingencies (Note 7)
Series A Preferred Shares, $0.001 par value; unlimited shares authorized; 500 shares issued and outstanding; liquidation preference of $3,000 per share	1,500	1,500
Components of Net Assets Applicable to Common Stock
Common Shares, $0.001 par value; unlimited shares authorized; 10,585,443 and 60,000 shares issued and outstanding at June 30, 2024 and December 31, 2023, respectively	10
Additional paid in capital	269,459	1,356
Distributable earnings (loss)	3,691	(702)
Total Net Assets Applicable to Common Shares	273,160	654
Total Liabilities, Series A Preferred Shares and Net Assets Applicable to Common Shares	$ 521,969	$ 3,465
Net Asset Value Per Common Share	$ 25.81	$ 10.9
Non-controlled/non-affiliated investments
Investments, at fair value
Total investments, at fair value (amortized cost $433,672)	$ 436,224

Consolidated Statements of As_2

Consolidated Statements of Assets and Liabilities (Parenthetical) (Unaudited) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Amortized cost	$ 433,672
Restricted cash	$ 41,046	$ 0
Common stock per share par value	$ 0.001	$ 0.001
Common stock, shares authorized	Unlimited	Unlimited
Common stock, shares issued	10,585,443	60,000
Common stock, shares outstanding	10,585,443	60,000
Series A Preferred Shares
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	Unlimited	Unlimited
Preferred stock, shares issued	500	500
Preferred stock, shares outstanding	500	500
Preferred stock, liquidation preference	$ 3,000	$ 3,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
From non-controlled/non-affiliated investments:
Interest income	$ 10,041	$ 13,991
Fee income	18	18
Total investment income	10,059	14,009
Operating Expenses
Interest expense	3,680	4,495
Management Fees	1,129	1,515
Income based incentive Fees	794	1,317
Administrative services	434	929
Professional fees	345	790
Board of Trustees' fees	54	92
Other general and administrative	340	571
Amortization of deferred offering costs	199	377
Total Operating Expenses	6,975	10,086
Management Fees waived	(565)	(758)
Incentive Fees waived	(794)	(1,317)
Expense support	(900)	(2,875)
Net Operating Expenses	4,716	5,136
Net Investment Income	5,343	8,873
Net Unrealized Gains
Net Unrealized Gain	1,968	2,552
Net Increase in Net Assets Resulting from Operations	7,311	11,425
Series A Preferred Shares dividends	45	90
Net Increase in Net Assets Resulting from Operations Applicable to Common Shareholders	$ 7,266	$ 11,335
Earnings per common share, basic	$ 0.96	$ 2.08
Earnings per common share. diluted	$ 0.96	$ 2.08
Weighted average shares of Common Shares outstanding, basic	7,567,551	5,441,161
Weighted average shares of Common Shares outstanding, diluted	7,567,551	5,441,161
Non-controlled/non-affiliated investments
Net Unrealized Gains
Net Unrealized Gain	$ 1,968	$ 2,552

Consolidated Statement of Chang

Consolidated Statement of Changes in Net Assets (Unaudited) - USD ($) $ in Thousands		3 Months Ended	6 Months Ended
		Jun. 30, 2024	Jun. 30, 2024
Balance		$ 122,621	$ 654
Issuance of Common Shares		147,935	268,011
Reinvestment of distributions		102	102
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net investment income		5,343	8,873
Net unrealized gain		1,968	2,552
Series A Preferred Shares dividends		(45)	(90)
Common shares distributions from earnings		(4,764)	(6,942)
Total increase for the period		150,539	272,506
Balance		273,160	273,160
Series A Preferred Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Series A Preferred Shares dividends		(45)	$ (90)
Common Shares
Balance	[1]	$ 5
Balance, shares		4,840,654	60,000
Issuance of Common Shares	[1]	$ 5	$ 10	[2]
Issuance of Common Shares, shares		5,740,781	10,521,435
Reinvestment of distributions, shares		4,007	4,007
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total increase for the period	[1]	$ 5	$ 10	[2]
Total increase for the period, shares		5,744,789	10,525,443
Balance, shares		10,585,443	10,585,443
Balance	[1],[2]	$ 10	$ 10
Additional paid-in capital
Balance		121,427	1,356
Issuance of Common Shares		147,930	268,001
Reinvestment of distributions		102	102
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Total increase for the period		148,032	268,103
Balance		269,459	269,459
Distributable Earnings (Loss)
Balance		1,189	(702)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net investment income		5,343	8,873
Net unrealized gain		1,968	2,552
Common shares distributions from earnings		(4,764)	(6,942)
Total increase for the period		2,502	4,393
Balance		3,691	3,691
Distributable Earnings (Loss) | Series A Preferred Shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Series A Preferred Shares dividends		$ (45)	$ (90)
[1] The par amount on reinvestment of distributions is less than 1 . The par amount at December 31, 2023 is less than 1 .

Consolidated Statement of Cha_2

Consolidated Statement of Changes in Net Assets (Unaudited) (Parenthetical) - USD ($) $ in Thousands		Jun. 30, 2024		Mar. 31, 2024	Dec. 31, 2023
Par amount		$ 273,160		$ 122,621	$ 654
Common Shares
Par amount	[2]	$ 10	[1]	$ 5
Maximum | Common Shares
Par amount					1
Maximum | Reinvestment of Distributions
Par amount					$ 1
[1] The par amount at December 31, 2023 is less than 1 . The par amount on reinvestment of distributions is less than 1 .

Statements of Cash Flows

Statements of Cash Flows $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Operating Activities
Net increase in net assets resulting from operations	$ 11,425
Adjustments to reconcile net increase in net assets resulting from operations to net cash (used in) operating activities:
Purchases of investments	(460,325)
Proceeds from principal repayments	27,925
Net unrealized (gain) on investments	(2,552)
Net accretion of discounts and amortization of premiums	(980)
Payment in-kind interest capitalized	(292)
Amortization of deferred financing costs	303
Amortization of deferred offering costs	377
Changes in operating assets and liabilities:
Interest receivable	(3,476)
Other assets	15
Interest payable	2,503
Management Fees payable	564
Due to affiliates	605
Board of Trustees fees payable	43
Accrued expenses and other liabilities	(1,136)
Net Cash Used in Operating Activities	(425,001)
Financing Activities
Proceeds from Repurchase Obligations	54,060
Repayments of Repurchase Obligations	(19,600)
Borrowings of Revolving Credit Facilities	425,100
Repayments of Revolving Credit Facilities	(220,900)
Deferred financing costs paid	(2,593)
Proceeds from issuance of Common Shares, net of deferred offering costs of $174	267,837
Dividends paid in cash	(2,171)
Net Cash Provided by Financing Activities	501,733
Net Increase in Cash, Cash Equivalents and Restricted Cash	76,732
Cash, Cash Equivalents and Restricted Cash, Beginning of Period	2,880
Cash, Cash Equivalents and Restricted Cash, End of Period	79,612
Supplemental Information and Non-Cash Activities
Interest paid during the period	1,690
Reinvestment of distributions during the period	$ 102

Statements of Cash Flows (Paren

Statements of Cash Flows (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($)
Deferred offering costs	$ 174

Consolidated Schedule of Invest

Consolidated Schedule of Investments (Unaudited) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Amortized Cost	$ 433,672
Fair Value	436,224
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated
Schedule of Investments [Line Items]
Principal	440,049	[1]
Amortized Cost	433,672	[1]
Fair Value	$ 436,224	[1],[2]
% of Net Assets Applicable to Common Shares	159.70%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt
Schedule of Investments [Line Items]
Principal	$ 440,049	[1]
Amortized Cost	433,672	[1]
Fair Value	$ 436,224	[1],[2]
% of Net Assets Applicable to Common Shares	159.70%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Automobiles
Schedule of Investments [Line Items]
Principal	$ 30,000	[1]
Amortized Cost	29,721	[1]
Fair Value	$ 29,730	[1],[2]
% of Net Assets Applicable to Common Shares	10.88%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Automobiles Neutron Holdings, Inc. Term Loan Interest Rate 10.00% Maturity Date 9/30/2026
Schedule of Investments [Line Items]
Interest Rate	10%	[1],[3]
Maturity Date	Sep. 30, 2026	[1]
Principal	$ 30,000	[1]
Amortized Cost	29,721	[1]
Fair Value	29,730	[1],[2]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies
Schedule of Investments [Line Items]
Principal	38,822	[1]
Amortized Cost	38,160	[1]
Fair Value	$ 38,851	[1],[2]
% of Net Assets Applicable to Common Shares	14.22%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies Amspec Parent LLC Delayed Draw Term Loan Reference Rate SOFR Spread 5.50% Maturity Date 12/5/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	Dec. 05, 2030	[1],[4],[5],[6]
Amortized Cost	$ (7)	[1],[4],[5],[6]
Fair Value	$ 35	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies Amspec Parent LLC Revolving Line of Credit Reference Rate SOFR Spread 5.50% Maturity Date 12/5/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	Dec. 05, 2029	[1],[4],[5],[6]
Amortized Cost	$ (17)	[1],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies Amspec Parent LLC Term Loan Interest Rate 11.08% Reference Rate SOFR Spread 5.50% Maturity Date 12/5/2030
Schedule of Investments [Line Items]
Interest Rate	11.08%	[1],[3],[4]
Investments, Spread Rate	5.50%	[1],[4]
Maturity Date	Dec. 05, 2030	[1],[4]
Principal	$ 15,595	[1],[4]
Amortized Cost	15,470	[1],[4]
Fair Value	$ 15,719	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies One Silver Serve, LLC Delayed Draw Term Loan Interest Rate 11.43% Reference Rate SOFR Spread 6.00% Maturity Date 12/18/2028
Schedule of Investments [Line Items]
Interest Rate	11.43%	[1],[3],[4],[5]
Investments, Spread Rate	6%	[1],[4],[5]
Maturity Date	Dec. 18, 2028	[1],[4],[5]
Principal	$ 7,621	[1],[4],[5]
Amortized Cost	7,428	[1],[4],[5]
Fair Value	$ 7,595	[1],[2],[4],[5]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies One Silver Serve, LLC Revolving Line of Credit Interest Rate 11.40% Reference Rate SOFR Spread 6.00% Maturity Date 12/18/2028
Schedule of Investments [Line Items]
Interest Rate	11.40%	[1],[3],[4],[5],[6]
Investments, Spread Rate	6%	[1],[4],[5],[6]
Maturity Date	Dec. 18, 2028	[1],[4],[5],[6]
Principal	$ 1,592	[1],[4],[5],[6]
Amortized Cost	1,532	[1],[4],[5],[6]
Fair Value	$ 1,572	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Commercial Services & Supplies One Silver Serve, LLC Term Loan Interest Rate 11.44% Reference Rate SOFR Spread 6.00% Maturity Date 12/18/2028
Schedule of Investments [Line Items]
Interest Rate	11.44%	[1],[3],[4]
Investments, Spread Rate	6%	[1],[4]
Maturity Date	Dec. 18, 2028	[1],[4]
Principal	$ 14,014	[1],[4]
Amortized Cost	13,754	[1],[4]
Fair Value	13,930	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Construction & Engineering
Schedule of Investments [Line Items]
Principal	37,000	[1]
Amortized Cost	36,129	[1]
Fair Value	$ 36,244	[1],[2]
% of Net Assets Applicable to Common Shares	13.27%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Construction & Engineering Kelso Industries, LLC Delayed Draw Term Loan Reference Rate SOFR Spread 6.50% Maturity Date 5/16/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	6.50%	[1],[4],[5],[6]
Maturity Date	May 17, 2027	[1],[4],[5],[6]
Amortized Cost	$ (72)	[1],[4],[5],[6]
Fair Value	$ (48)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Construction & Engineering Kelso Industries, LLC Revolving Line of Credit Reference Rate SOFR Spread 6.50% Maturity Date 5/16/2027
Schedule of Investments [Line Items]
Investments, Spread Rate	6.50%	[1],[4],[5],[6]
Maturity Date	May 17, 2027	[1],[4],[5],[6]
Amortized Cost	$ (131)	[1],[4],[5],[6]
Fair Value	$ (116)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Construction & Engineering Kelso Industries, LLC Term Loan Interest Rate 11.98% Reference Rate SOFR Spread 6.50% Maturity Date 5/17/2027
Schedule of Investments [Line Items]
Interest Rate	11.98%	[1],[3],[4]
Investments, Spread Rate	6.50%	[1],[4]
Maturity Date	May 17, 2027	[1],[4]
Principal	$ 37,000	[1],[4]
Amortized Cost	36,332	[1],[4]
Fair Value	36,408	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Diversified Consumer Services
Schedule of Investments [Line Items]
Principal	36,385	[1]
Amortized Cost	36,133	[1]
Fair Value	$ 36,136	[1],[2]
% of Net Assets Applicable to Common Shares	13.23%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Diversified Consumer Services Summit Buyer, LLC Delayed Draw Term Loan Interest Rate 10.34% Reference Rate SOFR Spread 5.00% Maturity Date 5/31/2031
Schedule of Investments [Line Items]
Interest Rate	10.34%	[1],[3],[4],[5],[6]
Investments, Spread Rate	5%	[1],[4],[5],[6]
Maturity Date	May 31, 2031	[1],[4],[5],[6]
Principal	$ 515	[1],[4],[5],[6]
Amortized Cost	464	[1],[4],[5],[6]
Fair Value	$ 467	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Diversified Consumer Services Summit Buyer, LLC Revolving Line of Credit Reference Rate SOFR Spread 5.00% Maturity Date 5/31/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	5%	[1],[4],[5],[6]
Maturity Date	May 31, 2031	[1],[4],[5],[6]
Amortized Cost	$ (23)	[1],[4],[5],[6]
Fair Value	$ (23)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Diversified Consumer Services Summit Buyer, LLC Term Loan Interest Rate 5.00% Reference Rate SOFR Spread 5.00% Maturity Date 5/31/2031
Schedule of Investments [Line Items]
Interest Rate	10.35%	[1],[3],[4]
Investments, Spread Rate	5%	[1],[4]
Maturity Date	May 31, 2031	[1],[4]
Principal	$ 35,870	[1],[4]
Amortized Cost	35,692	[1],[4]
Fair Value	35,692	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Financial Services
Schedule of Investments [Line Items]
Principal	29,337	[1]
Amortized Cost	29,027	[1]
Fair Value	$ 29,249	[1],[2]
% of Net Assets Applicable to Common Shares	10.71%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Financial Services BDO USA, P.C. Term Loan Interest Rate 11.34% Reference Rate SOFR Spread 6.00% Maturity Date 8/31/2028
Schedule of Investments [Line Items]
Interest Rate	11.34%	[1],[3],[4]
Investments, Spread Rate	6%	[1],[4]
Maturity Date	Aug. 31, 2028	[1],[4]
Principal	$ 29,337	[1],[4]
Amortized Cost	29,027	[1],[4]
Fair Value	29,249	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Health Care Technology
Schedule of Investments [Line Items]
Principal	11,062	[1]
Amortized Cost	10,940	[1]
Fair Value	$ 11,068	[1],[2]
% of Net Assets Applicable to Common Shares	4.05%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Health Care Technology Next Holdco, LLC Delayed Draw Term Loan Reference Rate SOFR Spread 6.00% Maturity Date 11/11/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	6%	[1],[4],[5],[6]
Maturity Date	Nov. 11, 2030	[1],[4],[5],[6]
Amortized Cost	$ (7)	[1],[4],[5],[6]
Fair Value	$ 18	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Health Care Technology Next Holdco, LLC Revolving Line of Credit Reference Rate SOFR Spread 6.00% Maturity Date 11/9/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	6%	[1],[4],[5],[6]
Maturity Date	Nov. 09, 2029	[1],[4],[5],[6]
Amortized Cost	$ (10)	[1],[4],[5],[6]
Fair Value	$ (1)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Health Care Technology Next Holdco, LLC Term Loan Interest Rate 11.32% Reference Rate SOFR Spread 6.00% Maturity Date 11/11/2030
Schedule of Investments [Line Items]
Interest Rate	11.32%	[1],[3],[4]
Investments, Spread Rate	6%	[1],[4]
Maturity Date	Nov. 11, 2030	[1],[4]
Principal	$ 11,062	[1],[4]
Amortized Cost	10,957	[1],[4]
Fair Value	11,051	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Hotels, Restaurants & Leisure
Schedule of Investments [Line Items]
Principal	25,321	[1]
Amortized Cost	24,961	[1]
Fair Value	$ 25,018	[1],[2]
% of Net Assets Applicable to Common Shares	9.16%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Hotels, Restaurants & Leisure Equinox Holdings, Inc. Term Loan Interest Rate 13.58% Reference Rate SOFR Spread 8.25% Maturity Date 3/8/2029
Schedule of Investments [Line Items]
Interest Rate	13.58%	[1],[3],[4]
Investments, Spread Rate	8.25%	[1],[4]
Maturity Date	Mar. 08, 2029	[1],[4]
Principal	$ 25,321	[1],[4]
Amortized Cost	24,961	[1],[4]
Fair Value	25,018	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance
Schedule of Investments [Line Items]
Principal	58,420	[1]
Amortized Cost	57,637	[1]
Fair Value	$ 58,125	[1],[2]
% of Net Assets Applicable to Common Shares	21.28%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance Accuserve Solutions, Inc. Delayed Draw Term Loan Interest Rate 10.42% Reference Rate SOFR Spread 5.25% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Interest Rate	10.42%	[1],[3],[4],[5],[6]
Investments, Spread Rate	5.25%	[1],[4],[5],[6]
Maturity Date	Mar. 15, 2030	[1],[4],[5],[6]
Principal	$ 10,960	[1],[4],[5],[6]
Amortized Cost	10,828	[1],[4],[5],[6]
Fair Value	$ 10,871	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance Accuserve Solutions, Inc. Revolving Line of Credit Interest Rate 10.56% Reference Rate SOFR Spread 5.25% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Interest Rate	10.56%	[1],[3],[4],[5],[6]
Investments, Spread Rate	5.25%	[1],[4],[5],[6]
Maturity Date	Mar. 15, 2030	[1],[4],[5],[6]
Principal	$ 636	[1],[4],[5],[6]
Amortized Cost	606	[1],[4],[5],[6]
Fair Value	$ 618	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance Accuserve Solutions, Inc. Term Loan Interest Rate 10.42% Reference Rate SOFR Spread 5.25% Maturity Date 3/15/2030
Schedule of Investments [Line Items]
Interest Rate	10.42%	[1],[3],[4]
Investments, Spread Rate	5.25%	[1],[4]
Maturity Date	Mar. 15, 2030	[1],[4]
Principal	$ 10,901	[1],[4]
Amortized Cost	10,804	[1],[4]
Fair Value	$ 10,836	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance Higginbotham Insurance Agency, Inc. Delayed Draw Term Loan Interest Rate 10.09% Reference Rate SOFR Spread 4.75% Maturity Date 11/24/2028
Schedule of Investments [Line Items]
Interest Rate	10.09%	[1],[3],[4],[5],[6]
Investments, Spread Rate	4.75%	[1],[4],[5],[6]
Maturity Date	Nov. 24, 2028	[1],[4],[5],[6]
Principal	$ 3,339	[1],[4],[5],[6]
Amortized Cost	3,181	[1],[4],[5],[6]
Fair Value	$ 3,262	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance Patriot Growth Insurance Services, LLC Delayed Draw Term Loan Interest Rate 11.08% Reference Rate SOFR Spread 5.75% Maturity Date 10/14/2028
Schedule of Investments [Line Items]
Interest Rate	11.08%	[1],[3],[4],[5]
Investments, Spread Rate	5.75%	[1],[4],[5]
Maturity Date	Oct. 14, 2028	[1],[4],[5]
Principal	$ 7,646	[1],[4],[5]
Amortized Cost	7,537	[1],[4],[5]
Fair Value	$ 7,857	[1],[2],[4],[5]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance SG Acquisition, Inc. Revolving Line of Credit Reference Rate SOFR Spread 5.00% Maturity Date 4/3/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	5%	[1],[4],[5],[6]
Maturity Date	Apr. 03, 2030	[1],[4],[5],[6]
Amortized Cost	$ (15)	[1],[4],[5],[6]
Fair Value	$ (15)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Insurance SG Acquisition, Inc. Term Loan Interest Rate 10.30% Reference Rate SOFR Spread 5.00% Maturity Date 4/3/2030
Schedule of Investments [Line Items]
Interest Rate	10.30%	[1],[3],[4]
Investments, Spread Rate	5%	[1],[4]
Maturity Date	Apr. 03, 2030	[1],[4]
Principal	$ 24,938	[1],[4]
Amortized Cost	24,696	[1],[4]
Fair Value	24,696	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Interactive Media & Services
Schedule of Investments [Line Items]
Principal	52,095	[1]
Amortized Cost	51,264	[1]
Fair Value	$ 51,219	[1],[2]
% of Net Assets Applicable to Common Shares	18.75%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Interactive Media & Services Arches Buyer Inc. Term Loan Interest Rate 10.84% Reference Rate SOFR Spread 5.50% Maturity Date 12/6/2027
Schedule of Investments [Line Items]
Interest Rate	10.84%	[1],[3],[4]
Investments, Spread Rate	5.50%	[1],[4]
Maturity Date	Dec. 06, 2027	[1],[4]
Principal	$ 29,925	[1],[4]
Amortized Cost	29,581	[1],[4]
Fair Value	$ 29,536	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Interactive Media & Services Questex, LLC Revolving Line of Credit Reference Rate SOFR Spread 5.50% Maturity Date 5/15/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	May 15, 2029	[1],[4],[5],[6]
Amortized Cost	$ (55)	[1],[4],[5],[6]
Fair Value	$ (55)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Interactive Media & Services Questex, LLC Term Loan Interest Rate 10.79% Reference Rate SOFR Spread 5.50% Maturity Date 5/15/2029
Schedule of Investments [Line Items]
Interest Rate	10.79%	[1],[3],[4]
Investments, Spread Rate	5.50%	[1],[4]
Maturity Date	May 15, 2029	[1],[4]
Principal	$ 22,170	[1],[4]
Amortized Cost	21,738	[1],[4]
Fair Value	21,738	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software
Schedule of Investments [Line Items]
Principal	121,607	[1]
Amortized Cost	119,700	[1]
Fair Value	$ 120,584	[1],[2]
% of Net Assets Applicable to Common Shares	44.14%	[1]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Blitz 24-34 GmbH Delayed Draw Term Loan Reference Rate SOFR Spread 6.00% Maturity Date 5/2/2030
Schedule of Investments [Line Items]
Investments, Spread Rate	6%	[1],[4],[5],[6],[7]
Maturity Date	May 02, 2030	[1],[4],[5],[6],[7]
Amortized Cost	$ (63)	[1],[4],[5],[6],[7]
Fair Value	$ (63)	[1],[2],[4],[5],[6],[7]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Blitz 24-34 GmbH Term Loan Interest Rate 11.33% Reference Rate SOFR Spread 6.00% Maturity Date 5/2/2031
Schedule of Investments [Line Items]
Interest Rate	11.33%	[1],[3],[4],[7]
Investments, Spread Rate	6%	[1],[4],[7]
Maturity Date	May 02, 2031	[1],[4],[7]
Principal	$ 43,548	[1],[4],[7]
Amortized Cost	42,697	[1],[4],[7]
Fair Value	$ 42,698	[1],[2],[4],[7]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Bullhorn, Inc. Delayed Draw Term Loan Interest Rate 10.33% Reference Rate SOFR Spread 5.00% Maturity Date 10/1/2029
Schedule of Investments [Line Items]
Interest Rate	10.33%	[1],[3],[4],[5]
Investments, Spread Rate	5%	[1],[4],[5]
Maturity Date	Oct. 01, 2029	[1],[4],[5]
Principal	$ 22,421	[1],[4],[5]
Amortized Cost	22,297	[1],[4],[5]
Fair Value	$ 22,297	[1],[2],[4],[5]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Bullhorn, Inc. Revolving Line of Credit Reference Rate SOFR Spread 5.00% Maturity Date 10/1/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	5%	[1],[4],[5],[6]
Maturity Date	Oct. 01, 2029	[1],[4],[5],[6]
Amortized Cost	$ (8)	[1],[4],[5],[6]
Fair Value	$ (8)	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Enverus Holdings, Inc. Delayed Draw Term Loan Reference Rate SOFR Spread 5.50% Maturity Date 12/24/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	Dec. 24, 2029	[1],[4],[5],[6]
Amortized Cost	$ (5)	[1],[4],[5],[6]
Fair Value	$ 22	[1],[2],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Enverus Holdings, Inc. Revolving Line of Credit Reference Rate SOFR Spread 5.50% Maturity Date 12/24/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	Dec. 24, 2029	[1],[4],[5],[6]
Amortized Cost	$ (20)	[1],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Enverus Holdings, Inc. Term Loan Interest Rate 10.84% Reference Rate SOFR Spread 5.50% Maturity Date 12/24/2029
Schedule of Investments [Line Items]
Interest Rate	10.84%	[1],[3],[4]
Investments, Spread Rate	5.50%	[1],[4]
Maturity Date	Dec. 24, 2029	[1],[4]
Principal	$ 31,889	[1],[4]
Amortized Cost	31,624	[1],[4]
Fair Value	$ 32,081	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Hyland Software, Inc. Revolving Line of Credit Reference Rate SOFR Spread 6.00% Maturity Date 9/19/2029
Schedule of Investments [Line Items]
Investments, Spread Rate	6%	[1],[4],[5],[6]
Maturity Date	Sep. 19, 2029	[1],[4],[5],[6]
Amortized Cost	$ (9)	[1],[4],[5],[6]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Hyland Software, Inc. Term Loan Interest Rate 11.34% Reference Rate SOFR Spread 6.00% Maturity Date 9/19/2030
Schedule of Investments [Line Items]
Interest Rate	11.34%	[1],[3],[4]
Investments, Spread Rate	6%	[1],[4]
Maturity Date	Sep. 19, 2030	[1],[4]
Principal	$ 23,749	[1],[4]
Amortized Cost	23,559	[1],[4]
Fair Value	$ 23,797	[1],[2],[4]
Investment, Identifier [Axis]: Investments Non-Controlled/Non-Affiliated First Lien Debt Software Riskonnect Parent, LLC Delayed Draw Term Loan Reference Rate SOFR Spread 5.50% Maturity Date 2/28/2031
Schedule of Investments [Line Items]
Investments, Spread Rate	5.50%	[1],[4],[5],[6]
Maturity Date	Feb. 28, 2031	[1],[4],[5],[6]
Amortized Cost	$ (372)	[1],[4],[5],[6]
Fair Value	$ (240)	[1],[2],[4],[5],[6]
[1] The terms “the Company” “we” “us” and “our” mean Diameter Credit Company unless the context specifically requires otherwise. The securities in which the Company has invested were acquired in transactions that were exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”), and may therefore be deemed to be "restricted securities" under the Securities Act. These securities may be resold only in transactions that are exempt from registration under the Securities Act. Fair value is determined by or under the direction of our Board of Trustees (the "Board"). All of our investments are valued using significant unobservable inputs. In accordance with ASC Topic 820, Fair Value Measurement , such investments are classified as Level 3 within the fair value hierarchy. See Note 5 within the accompanying notes to consolidated financial statements for further discussion. Variable rate loans to the portfolio companies bear interest at a rate that is determined by reference to Secured Overnight Financing Rate ("SOFR"), which generally resets periodically. For each loan, we have indicated the reference rate used and provided the spread and the interest rate in effect as of June 30, 2024 . Variable rate loans typically include an interest reference rate floor feature. Loan includes interest rate floor feature. 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 or fair market value adjustments. See below for more information on the Company’s unfunded commitments (all commitments are first lien, unless otherwise noted): Investments - non-controlled/non-affiliated Commitment Type Unfunded Commitment Accuserve Solutions, Inc. Delayed Draw Term Loan $ 3,933 Accuserve Solutions, Inc. Revolving Line of Credit 2,444 Amspec Parent LLC Delayed Draw Term Loan 2,254 Amspec Parent LLC Revolving Line of Credit 2,113 Blitz 24-34 GmbH Delayed Draw Term Loan 6,452 Bullhorn, Inc. Delayed Draw Term Loan 6,000 Bullhorn, Inc. Revolving Line of Credit 1,579 Enverus Holdings, Inc. Delayed Draw Term Loan 1,598 Enverus Holdings, Inc. Revolving Line of Credit 2,432 Higginbotham Insurance Agency, Inc. Delayed Draw Term Loan 26,653 Hyland Software, Inc. Revolving Line of Credit 1,131 Kelso Industries, LLC Delayed Draw Term Loan 8,000 Kelso Industries, LLC Revolving Line of Credit 7,250 Next Holdco, LLC Delayed Draw Term Loan 2,843 Next Holdco, LLC Revolving Line of Credit 1,067 One Silver Serve, LLC Delayed Draw Term Loan 5,073 One Silver Serve, LLC Revolving Line of Credit 1,592 Patriot Growth Insurance Services, LLC Delayed Draw Term Loan 17,350 Questex, LLC Revolving Line of Credit 2,830 Riskonnect Parent, LLC Delayed Draw Term Loan 40,000 SG Acquisition, Inc. Revolving Line of Credit 1,518 Summit Buyer, LLC Delayed Draw Term Loan 19,050 Summit Buyer, LLC Revolving Line of Credit 4,565 Total Unfunded Commitments $ 167,727 These debt investments are not pledged as collateral under the Company's Revolving Credit Facilities (as defined below) or Repurchase Obligations (as defined below). Any other debt investments listed above are pledged as collateral under our Revolving Credit Facilities or Repurchase Obligations and are not available to satisfy the other creditors of the Company. The investment is not a qualifying asset under Section 55(a) of the Investment Company Act of 1940, as amended (the "1940 Act"). The Company may not acquire any non-qualifying asset unless, at the time of acquisition, qualifying assets represent at least 70 % of the Company's total assets. As of June 30, 2024, non-qualifying assets represented 8.17 % of total assets as in accordance with regulatory requirements.

Consolidated Schedule of Inve_2

Consolidated Schedule of Investments (Unfunded Commitments) (Unaudited) $ in Thousands	Jun. 30, 2024 USD ($)
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Accuserve Solutions, Inc. Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	$ 3,933
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Accuserve Solutions, Inc. Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	2,444
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Amspec Parent LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	2,254
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Amspec Parent LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	2,113
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Blitz 24-34 GmbH Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	6,452
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Bullhorn, Inc. Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	6,000
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Bullhorn, Inc. Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	1,579
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Enverus Holdings, Inc. Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	1,598
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Enverus Holdings, Inc. Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	2,432
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Higginbotham Insurance Agency, Inc. Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	26,653
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Hyland Software, Inc. Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	1,131
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Kelso Industries, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	8,000
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Kelso Industries, LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	7,250
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Next Holdco, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	2,843
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Next Holdco, LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	1,067
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated One Silver Serve, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	5,073
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated One Silver Serve, LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	1,592
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Patriot Growth Insurance Services, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	17,350
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Questex, LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	2,830
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Riskonnect Parent, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	40,000
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated SG Acquisition, Inc. Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	1,518
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Summit Buyer, LLC Commitment Type Delayed Draw Term Loan
Schedule of Investments [Line Items]
Unfunded Commitment	19,050
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Summit Buyer, LLC Commitment Type Revolving Line of Credit
Schedule of Investments [Line Items]
Unfunded Commitment	4,565
Investment, Identifier [Axis]: Investments - non-controlled/non-affiliated Total Unfunded Commitments
Schedule of Investments [Line Items]
Unfunded Commitment	$ 167,727

Consolidated Schedule of Inve_3

Consolidated Schedule of Investments (Parenthetical)	Jun. 30, 2024
Qualifying Assets [Member]
Schedule of Investments [Line Items]
Percentage of Net Assets	70%
Non Qualifying Assets [Member]
Schedule of Investments [Line Items]
Percentage of Net Assets	8.17%

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Pay vs Performance Disclosure
Net Income (Loss)	$ 7,311	$ 11,425

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 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

Organization

Organization	6 Months Ended
	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	Note 1. Organization In this report, the terms the “Company”, "we", "us", and "our" mean Diameter Credit Company and its subsidiaries unless the context specifically requires otherwise. Diameter Credit Company is a Delaware statutory trust formed on February 24, 2022. The Company is a recently organized, non-diversified, closed-end management investment company that was formed primarily to lend to, and selectively invest in, middle-market companies in the United States. The Company has elected to be regulated as a business development company (“BDC”) under the 1940 Act. In addition, for tax purposes, the Company intends to elect to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Code”). The Company is externally managed by Diameter Principal Finance LLC (the “Adviser”), a Delaware limited liability company and an affiliate of Diameter Capital Partners LP (“Diameter”). Both the Adviser and Diameter are investment advisers that are registered with the SEC under the Investment Advisers Act of 1940, as amended (the “Advisers Act”). On November 29, 2023, the Company formed a wholly-owned subsidiary, Diameter Credit Company Holdings LLC ("DCC Holdings I"), a Delaware limited liability company. On February 28, 2024, the Company formed a wholly-owned subsidiary, Diameter Credit Company Holdings II LLC ("DCC Holdings II"), a Delaware limited liability company. The Company commenced operations on December 20, 2023, in connection with the issuance of 500 shares of the Company’s 12.0% Series A cumulative preferred shares, par value $ 0.001 per share (“Series A Preferred Shares”). No income was earned and no expenses were incurred by the Company prior to the Company’s commencement of operations. The Company is conducting a private offering (the “Private Offering”) of its Common Shares of beneficial interest, par value $ 0.001 per share (the “Common Shares”) to accredited investors, as defined in Regulation D under the Securities Act in reliance on exemptions from the registration requirements of the Securities Act. Common Shares will be offered for subscription continuously throughout the initial closing period and may be offered from time to time thereafter. The initial closing (the “Initial Closing”) for the acceptance of Subscription Agreements (defined below) occurred on December 21, 2023. Subsequent closings may occur at the beginning of any calendar quarter (or such other times as may be determined by the Adviser in its sole discretion) until (and including) the 12-month anniversary date of the Initial Closing, which may be extended for two (2) additional six-month periods by the Adviser . Each investor in the Private Offering will make a capital commitment (a “Capital Commitment”) to purchase Common Shares pursuant to a Subscription Agreement entered into with the Company. Investors will be required to fund drawdowns to purchase the Company’s Common Shares up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivers a drawdown notice to the investors.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Significant Accounting Policies	Note 2. Significant Accounting Policies Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. In the opinion of management, all adjustments are normal and recurring and considered necessary for the fair presentation of the consolidated financial statements have been included. All intercompany balances and transactions have been eliminated in consolidation. The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies ("ASC Topic 946"). Fiscal Year End The Company’s fiscal year ends on December 31. Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and 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. Actual amounts could differ from those estimates and such differences could be material. Consolidation As provided under Regulation S-X and ASC Topic 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the Company’s wholly-owned subsidiaries, DCC Holdings I and DCC Holdings II. Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents, other than investments in money market funds which are recorded using the published net asset value per share, are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. At June 30, 2024, the Company had an investment in the Morgan Stanley Institutional Liquidity Money Market Fund totaling $ 36,726 and an investment in the JPMorgan Federal Money Market Fund totaling $ 35,918 . Restricted cash and cash equivalents include amounts that are collected and are held by a trustee who has been appointed as custodian of the assets securing certain of the Company’s financing transactions. Restricted cash and cash equivalents are held by a trustee for payment of interest expense and principal on the outstanding borrowings or reinvestment into new assets. Investments Investment transactions are recorded on a trade date basis. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries, and are recorded within net realized gain (loss) on the Consolidated Statements of Operations, if any. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period, and is recorded within net unrealized gain s on the Consolidated Statements of Operations. Valuation of Investments The Company applies fair value to all of its financial instruments in accordance with ASC Topic 820, Fair Value Measurement (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC Topic 820, the Company has categorized its financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity-specific measure. Therefore, when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date. The availability of observable inputs can vary depending on the financial instrument and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new, whether the product is traded on an active exchange or in the secondary market and the current market conditions. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for financial instruments classified as Level 3. Any changes to the valuation methodology are reviewed by management and the Company’s Board to confirm that the changes are appropriate. As markets change, new products develop and the pricing for products becomes more or less transparent, the Company will continue to refine its valuation methodologies. See further description of fair value methodology in Note 5 Fair Value Measurements. Repurchase Obligations Transactions whereby the Company sells an investment it currently holds with a concurrent agreement to repurchase the same investment at an agreed upon price at a future date are accounted for as secured borrowings in accordance with ASC Topic 860, Transfers and Servicing. The investment subject to the repurchase agreement remains on the Company's Consolidated Statements of Assets and Liabilities, and a secured borrowing is recorded for the future repurchase obligation. The secured borrowing is collateralized by the investment subject to the repurchase agreement. Interest expense associated with the repurchase obligations are reported on the Company's Consolidated Statements of Operations within interest expense. Receivables/Payables From Investments Sold/Purchased Receivables/payables from investments sold/purchased, if any, consist of amounts receivable to or payable by the Company for transactions that have not settled at the reporting date. Foreign Currency Transactions The Company's books and records are maintained in U.S. dollars. Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (i) investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the last business day of the period; and (ii) purchases and sales of investments, borrowings and repayments of such borrowings, income, and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The Company includes net changes in fair values on investments resulting from foreign exchange rate fluctuations in translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations, if any. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities. Revenue Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. For the three and six months ended June 30, 2024, the Company recorded $ 825 and $ 1,500 , respectively, in non-recurring interest income (e.g., prepayment premiums and accelerated accretion of upfront loan origination fees and unamortized discounts). PIK Income The Company has loans in its portfolio that contain payment-in-kind (“PIK”) 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. Such income is included in interest income in the Consolidated Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through interest income. To satisfy the Company's annual RIC distribution requirements, this non-cash source of income must be included in determining the amounts to be paid out to shareholders in the form of dividends, even though the Company has not yet collected cash. For the three and six months ended June 30, 2024, the Company recorded $ 261 and $ 329 , respectively, in PIK income. Fee Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned, as services are rendered. Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt whether principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and/or market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection. Organization Expenses and Offering Expenses Organization and offering costs are borne by the Company and have been advanced from Diameter subject to recoupment. Costs associated with the organization of the Company have been expensed as incurred, subject to the limitation described below. These organization expenses consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Shares and Series A Preferred Shares of the Company are capitalized as deferred offering costs on the Consolidated Statements of Assets and Liabilities and are being amortized over a twelve-month period from the Company's commencement of operations. These deferred offering costs consist primarily of legal fees and other costs incurred in connection with the offering of Common Shares and the offering of the Series A Preferred Shares. Prior to any Liquidity Event (as defined below) that may occur, the Company will not bear more than an amount equal to 0.15 % of the aggregate Capital Commitments of the Company for organization and offering costs incurred. If actual organization and offering costs incurred exceed 0.15 % of the Company’s total Capital Commitments, the Adviser or its affiliates will bear the excess costs. To the extent that the Company’s Capital Commitments later increase, the Adviser or its affiliates may be reimbursed for past payments of excess organization and offering costs made on the Company’s behalf, provided that the total organization and offering costs borne by the Company do not exceed 0.15 % of total Capital Commitments and provided further that the Adviser or its affiliates may not be reimbursed for payment of excess organization and offering expenses that were incurred more than three years prior to the proposed reimbursement. A “Liquidity Event” may include (i) consummating an Exchange Listing (as defined below) or (ii) commencing a general or limited tender offer program in which each shareholder is given the opportunity to tender Common Shares at a per share price based on the Company’s net asset value or other applicable measurement; provided, however, that the Company will not commence such a tender offer program without the approval of at least a majority of Common Shares outstanding. For these purposes, an “Exchange Listing” is a quotation or listing of the Company’s securities on a national securities exchange (including through an initial public offering) or a sale of all or substantially all of our assets to, or a merger or other liquidity transaction with, an entity in which the Company’s shareholders receive shares of a publicly-traded company which continues to be managed by the Adviser or an affiliate thereof; provided, however, that the Company will not commence such an Exchange Listing unless such Exchange Listing is approved by our Board, including a majority of the members of the Board who are not “interested persons” of the Fund or the Adviser as defined in the 1940 Act (“Independent Trustees”). As of June 30, 2024 , the Company did not incur any organization and offering costs in excess of 0.15 % of the Company’s total Capital Commitments. Any sales load, platform fees, servicing fees or similar fees or expenses charged directly to an investor in an offering by a placement agent or similar party will not be considered organization or offering expenses of the Company for purposes of the Company’s cap on organization and offering expenses. Deferred Financing Costs and Debt Issuance Costs Deferred financing and debt issuance costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Consolidated Statements of Assets and Liabilities. Income Taxes The Company has elected to be regulated as a BDC under the 1940 Act. The Company also intends to elect to be treated as a RIC under the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s investors and would not be reflected in the consolidated financial statements of the Company. 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. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4 % U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that the estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company accrues excise tax on estimated excess taxable income. The Company makes certain adjustments to the classification of net assets as a result of permanent book-to-tax differences such as non-deductible expenses. To the extent these differences are permanent, they are charged to additional paid in capital. For the three and six months ended June 30, 2024 , the Company did not incur any U.S. federal excise tax. Distributions To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Board and will depend on the Company’s earnings, financial condition, maintenance of the Company's tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time. New Accounting Standards Management does not believe any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

Agreements and Related Party Tr

Agreements and Related Party Transactions	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Agreements and Related Party Transactions	Note 3. Agreements and Related Party Transactions Investment Advisory Agreement On December 12, 2023, the Company entered into an investment advisory agreement (the “Investment Advisory Agreement”) with the Adviser. Under the terms of the Investment Advisory Agreement, the Adviser provides investment advisory services to the Company. The Adviser’s services under the Investment Advisory Agreement are not exclusive, and the Adviser is free to furnish similar or other services to others so long as its services to the Company are not impaired. Pursuant to the Investment Advisory Agreement, the Company will pay the Adviser a fee for its investment advisory and management services consisting of two components—a base management fee (the “Management Fee”) and an incentive fee (the “Incentive Fee”). The cost of both the Management Fee and the Incentive Fee will be borne by the Company’s shareholders. Management Fee The Management Fee is calculated at an annual rate of 1.25 % of the Company’s gross assets, payable quarterly in arrears, subject to the fee waiver described below. The Management Fee will be calculated based on the average value of the Company’s gross assets at the end of the two most recently completed calendar quarters, and adjusted for any share issuances or repurchases during the current calendar quarter. Management Fees for any partial quarter will be prorated. For these purposes, “gross assets” means the Company’s total assets determined on a consolidated basis in accordance with U.S. GAAP, excluding undrawn commitments but including assets purchased with borrowed amounts. For the six months ended June 30, 2024, gross assets were measured as the average of gross assets at the initial date that investors are required to purchase Common Shares (the "Effective Date") and at June 30, 2024, adjusted for share issuances during the quarter. The Adviser has agreed to waive all Management Fees in excess of 0.625 % of the Company's gross assets until the four-year anniversary of the Effective Date, which occurred on January 19, 2024. For the three and six months ended June 30, 2024, Management Fees earned were $ 1,129 and $ 1,515 , respectively, $ 565 and $ 758 of which were waived by the Adviser. As of June 30, 2024, $ 564 was payable to the Adviser relating to Management Fees. Incentive Fee The Incentive Fee consists of two components 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 is based on a percentage of the Company’s pre-Incentive Fee net investment income, and a portion is based on a percentage of the Company’s capital gains, each as described below. Incentive Fee on Pre-Incentive Fee Net Investment Income: The first component of the Incentive Fee, which is payable only following the four-year anniversary of the Effective Date, will be payable at the end of each quarter in arrears, and will equal 100 % of the Company’s pre-Incentive Fee net investment income in excess of a 1.75 % quarterly “hurdle rate”, the calculation of which is further explained below, until the Adviser has received 15.0 % of the Company’s total pre-Incentive Fee net investment income for that quarter and for pre-Incentive Fee net investment income in excess of 2.0588 % ( 8.2352 % annualized) quarterly, 15.0 % of all remaining pre-Incentive Fee net investment income for that quarter. The 100 % “catch-up” provision for pre-Incentive Fee net investment income in excess of the 1.75 % “hurdle rate” ( 7.0 % annualized) is intended to provide the Adviser with an Incentive Fee of 15.0 % on all pre-Incentive Fee net investment income when that amount equals 2.0588 % in a quarter ( 8.2352 % annualized), which is the rate at which catch-up is achieved. Once the hurdle rate is reached and catch-up is achieved, 15.0 % of all remaining pre-Incentive Fee net investment income for that quarter is payable to the Adviser. Pre-Incentive Fee net investment income means dividends (including reinvested dividends), interest and fee income accrued by the Company during the calendar quarter, minus the Company’s operating expenses for the quarter (including the Management Fee, expenses payable under the Administration Agreement to the Administrator, and any interest expense and dividends paid on any issued and outstanding Series A Preferred Shares, but excluding the Incentive Fee). Pre-Incentive Fee net investment income includes, in the case of investments with a deferred interest feature (such as original issue discount, debt instruments with pay-in-kind interest and zero coupon securities), accrued income that the Company may not have received in cash. Pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital gains or losses. To determine whether pre-Incentive Fee net investment income exceeds the hurdle rate, prior to the Exchange Listing, if applicable, the pre-Incentive Fee net investment income will be expressed as a rate of return on an average daily hurdle calculation value. The average daily hurdle calculation value, on any given day, will equal: • the Company’s net assets as of the end of the calendar quarter immediately preceding the day; plus • the aggregate amount of capital drawn from investors (or reinvested pursuant to the Company’s DRIP (as defined below) from the beginning of the current quarter to the day; minus • the aggregate amount of distributions (including share repurchases) made by the Company from the beginning of the current quarter to the day (but only to the extent the distributions were not declared and accounted for on the Company’s books and records in a previous quarter). Following and in the event of an Exchange Listing, for purposes of determining whether pre-Incentive Fee net investment income exceeds the hurdle rate, pre-Incentive Fee net investment income will be expressed as a rate of return on the value of the Company’s net assets at the end of the immediately preceding calendar quarter. For the three and six months ended June 30, 2024, Incentive Fees earned based on pre-Incentive Fee net investment income were $ 794 and $ 1,317 , respectively, all of which were waived by the Adviser. As of June 30, 2024 , no amounts were payable to the Adviser for Incentive Fees based on pre-Incentive Fee net investment income. Capital Gains Fee: The second component of the Incentive Fee, which is payable only following the four-year anniversary of the Effective Date, will be payable at the end of each fiscal year in arrears, and will equal 15.0 % of the Company’s cumulative realized capital gains from the fiscal quarter following the four-year anniversary of the Effective Date to the end of that fiscal year, less cumulative realized capital losses and unrealized capital depreciation (the "Capital Gains Fee"). Each year, the fee paid for this component of the Incentive Fee is net of the aggregate amount of any previously paid Capital Gains Fee for prior periods. The Company accrues, but does not pay, a Capital Gains Fee with respect to unrealized appreciation because a Capital Gains Fee would be owed to the Adviser if the Company were to sell the relevant investments and realize a capital gain. For the three and six months ended June 30, 2024 , no Incentive Fees on capital gains were earned. As of June 30, 2024 , no amounts were payable to the Adviser for Incentive Fees based on capital gains. Pre-Incentive Fee net investment income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation. Because of the structure of the Incentive Fee, it is possible that the Company may pay an Incentive Fee in a quarter in which the Company incurs a loss. For example, if the Company receives pre-Incentive Fee net investment income in excess of the quarterly minimum hurdle rate, the Company will pay the applicable Incentive Fee even if the Company has incurred a loss in that quarter due to realized and unrealized capital losses. In addition, because the quarterly minimum hurdle rate is calculated based on the Company’s net assets, decreases in the Company’s net assets due to realized or unrealized capital losses in any given quarter may increase the likelihood that the hurdle rate is reached and therefore the likelihood of the Company paying an Incentive Fee for that quarter. The Company’s net investment income used to calculate this component of the Incentive Fee is also included in the amount of the Company’s gross assets used to calculate the Management Fee because gross assets are total assets (including cash received) before deducting liabilities (such as declared dividend payments). The Company accrues the Incentive Fee taking into account unrealized gains and losses; however, Section 205(b)(3) of the Advisers Act, as amended, prohibits the Adviser from receiving the payment of fees until those gains are realized, if ever. The fees that are payable under the Investment Advisory Agreement for any partial period will be appropriately prorated and adjusted for any share issuances or repurchases. Administration Agreement On December 12, 2023, the Company entered into an administration agreement (the “Administration Agreement”) with an affiliate of the Adviser, Diameter Finance Administration LLC (the “Administrator”). Under the terms of the Administration Agreement, the Administrator provides administrative services to the Company. These services include, but are not limited to, providing office space, equipment and office services, maintaining financial records, preparing reports to shareholders and reports filed with the SEC, and managing the payment of expenses and the oversight of the performance of administrative and professional services rendered by others. Certain of these services are reimbursable to the Administrator under the terms of the Administration Agreement. In addition, the Administrator is permitted to delegate its duties under the Administration Agreement to affiliates or third parties, and the Company pays or reimburses the Administrator for certain expenses incurred by any such affiliates or third parties for work done on its behalf. No person who is an officer, director or employee of the Adviser or its affiliates and who serves as a trustee of the Company receives any compensation from the Company for his or her services as a trustee. However, the Company reimburses the Adviser (or its affiliates) for the allocable portion of the costs of compensation, benefits, and related administrative expenses of the Company’s officers who provide operational and administrative services to the Company pursuant to the Administration Agreement, their respective staffs and other professionals who provide services to the Company (including, in each case, employees of the Adviser or its affiliates). Such reimbursable amounts include the allocable portion of the compensation paid by the Adviser or its affiliates to the Company’s Chief Financial Officer, Chief Compliance Officer, and other professionals who provide operational and administrative services to the Company pursuant to the Administration Agreement, including individuals who provide “back office” or “middle office” financial, operational, legal and/or compliance services to the Company. The Company reimburses the Adviser (or its affiliates) for the allocable portion of the compensation paid by the Adviser (or its affiliates) to such individuals based on the percentage of time those individuals devote, on an estimated basis, to the business and affairs of the Company and in acting on behalf of the Company. The Company may also reimburse the Adviser or its affiliates for the allocable portion of overhead expenses (including rent, office equipment and utilities) attributable thereto. Trustees who are not affiliated with the Adviser receive compensation for their services and reimbursement of expenses incurred to attend meetings. For the three and six months ended June 30, 2024, the Company incurred $ 434 and $ 929 , respectively, in expenses under the Administration Agreement, which were recorded in administrative services in the Company’s Consolidated Statements of Operations. As of June 30, 2024 and December 31, 2023, $ 780 and $ 5 , respectively, was unpaid and included in Due to affiliates, subject to amounts waived by the Adviser, in the Consolidated Statements of Assets and Liabilities. Sub-Administration Agreement On December 21, 2023, the Administrator entered into a sub-administration agreement (the “Sub-Administration Agreement”) with HedgeServ Corporation (the “Sub-Administrator”) under which the Sub-Administrator provides various accounting and administrative services to the Company. The initial term of the Sub-Administration Agreement is one year from the Effective Date, and, after expiration of the initial term, the Sub-Administration Agreement shall automatically renew for successive six month periods, unless a written notice of non-renewal is delivered prior to 90 days prior to the expiration of the initial term or renewal term. Expense Support Agreement On December 12, 2023, the Company entered into an expense support and conditional reimbursement agreement (the “Expense Support Agreement”) with the Adviser. The Adviser may elect to pay certain of the Company’s expenses on the Company’s behalf (each, an “Expense Payment”), provided that no portion of the payment will be used to pay any interest expense or shareholder servicing and/or distribution fees of the Company. Any Expense Payment that the Adviser has committed to pay must be paid by the Adviser to the Company in any combination of cash or other immediately available funds no later than forty-five days after such commitment was made in writing, and/or offset against amounts due from the Company to the Adviser or its affiliates. Following any calendar month in which the Company’s Available Operating Funds (as defined below) exceed the cumulative distributions accrued to the Company’s shareholders based on distributions declared with respect to record dates occurring in such calendar month (the amount of such excess being hereinafter referred to as “Excess Operating Funds”), the Company shall pay such Excess Operating Funds, or a portion thereof, to the Adviser until such time as all Expense Payments made by the Adviser to the Company within three years prior to the last business day of such calendar month have been reimbursed. Any payments required to be made by the Company shall be referred to herein as a “Reimbursement Payment.” “Available Operating Funds” means the sum of (i) the Company’s net investment company taxable income (including net short-term capital gains reduced by net long-term capital losses), (ii) the Company’s net capital gains (including the excess of net long-term capital gains over net short-term capital losses) and (iii) dividends and other distributions paid to the Company on account of investments in portfolio companies (to the extent such amounts listed in clause (iii) are not included under clauses (i) and (ii) above). No Reimbursement Payment for any month will be made if: (1) the “Effective Rate of Distributions Per Share” (as defined below) declared by the Company at the time of such Reimbursement Payment is less than the Effective Rate of Distributions Per Share at the time the Expense Payment was made to which such Reimbursement Payment relates, or (2) the Company’s “Operating Expense Ratio” (as defined below) at the time of such Reimbursement Payment is greater than the Operating Expense Ratio at the time the Expense Payment was made to which such Reimbursement Payment relates. Pursuant to the Expense Support Agreement, “Effective Rate of Distributions Per Share” means the annualized rate (based on a 365 day year) of regular cash distributions per share exclusive of returns of capital, distribution rate reductions due to distribution and shareholder fees, and declared special dividends or special distributions, if any. The “Operating Expense Ratio” is calculated by dividing operating expenses, less organizational and offering expenses, Management Fees and Incentive Fees owed to the Adviser, and interest expense, by the Company’s net assets. The Company’s obligation to make a Reimbursement Payment shall automatically become a liability of the Company on the last business day of the applicable calendar month, except to the extent the Adviser has waived its right to receive such payment for the applicable month. The following table presents a summary of Expense Payments and Reimbursement Payments since the Company's commencement of operations: For the Quarter Ended Expense Payments by Adviser Reimbursement Payments to Adviser Unreimbursed Expense Payments March 31, 2024 $ 2,300 $ — $ 2,300 June 30, 2024 900 — 900 $ 3,200 $ — $ 3,200 As of June 30, 2024, the Adviser has provided written commitments for Expense Payments for $ 3,200 . The Company has no t made any Reimbursement Payments to the Adviser. The Company may or may not reimburse remaining expense support in the future.

Investments

Investments	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Investments	Note 4. Investments The composition of the Company’s investment portfolio at amortized cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total First lien debt $ 433,672 $ 436,224 100.00 % Total $ 433,672 $ 436,224 100.00 % The industry composition of investments at fair value was as follows: June 30, 2024 Automobiles 6.82 % Commercial Services & Supplies 8.90 Construction & Engineering 8.31 Diversified Consumer Services 8.28 Financial Services 6.71 Health Care Technology 2.54 Hotels, Restaurants & Leisure 5.74 Insurance 13.32 Interactive Media & Services 11.74 Software 27.64 Total 100.00 % The geographic composition of investments at amortized cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total Germany $ 42,634 $ 42,635 9.77 % United States 391,038 393,589 90.23 Total $ 433,672 $ 436,224 100.00 % On January 22, 2024 and April 23, 2024, the Company acquired securities for $ 93,174 and $ 99,334 , respectively, from DLF I, LLC (“DLF”), an entity under common control with AP DLF Offshore Investor, L.P., a remote affiliate of the Company (the “Transaction”). The Board, including a “required majority” (as defined in Section 57(o) of the 1940 Act) of the Board, consisting of a majority of Trustees who have no financial interest in the Transaction and who are Independent Trustees, approved the Transaction in accordance with the requirements of the 1940 Act. As of June 30, 2024 , no loans in the portfolio were on non-accrual status. As of June 30, 2024, on a fair value basis, 93.18 %, of our performing debt investments bore interest at a floating rate and 6.82 % of our performing debt investments bore interest at a fixed rate.

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Note 5. Fair Value Measurements The Company follows ASC Topic 820 for measuring fair value. Fair value is the price that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Where available, fair value is based on observable market prices or parameters, or derived from such prices or parameters. Where observable prices or inputs are not available, valuation models are applied. These valuation models involve some level of management estimation and judgment, the degree of which is dependent on the price transparency for the assets or liabilities or market and the assets’ or liabilities’ complexity. The Company’s fair value analysis includes an analysis of the value of any unfunded loan commitments. Assets and liabilities are categorized for disclosure purposes based upon the level of judgment associated with the inputs used to measure their value. The valuation hierarchical levels are based upon the transparency of the inputs to the valuation of the asset or liability as of the measurement date. The three levels are defined as follows: Level 1: Inputs are unadjusted, quoted prices in active markets for identical assets or liabilities at the measurement date. Level 2: Inputs include quoted prices for similar assets or liabilities in active markets and inputs that are observable for the assets or liabilities, either directly or indirectly, for substantially the full term of the assets or liabilities. Level 3: Inputs include significant unobservable inputs for the assets or liabilities and include situations where there is little, if any, market activity for the assets or liabilities. The inputs into the determination of fair value are based upon the best information available and require significant management judgment or estimation. In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, an asset’s or a liability’s categorization within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. The Company assesses the levels of assets and liabilities at each measurement date, and transfers between levels are recognized on the actual date of the event or change in circumstances that caused the transfers. There were no transfers among Level 1, 2 and 3 of the fair value hierarchy for assets and liabilities during the three and six months ended June 3 0 , 2024 . The following section describes the valuation techniques used by the Company to measure different assets and liabilities at fair value and includes the level within the fair value hierarchy in which the assets and liabilities are categorized. Investments Level 1 investments are valued using quoted market prices. Level 2 investments are valued using market consensus prices that are corroborated by observable market data and quoted market prices for similar assets and liabilities. Level 3 investments are valued at fair value as determined in good faith by the Board, based on input of management, the audit committee and independent valuation firms that have been engaged at the direction of the Board to assist in the valuation of each portfolio investment without a readily available market quotation at least once during a trailing twelve-month period under a valuation policy and a consistently applied valuation process. This valuation process is conducted at the end of each fiscal quarter, with all portfolio companies originated on or prior to March 31, 2024 without readily available market quotations subject to review by an independent valuation firm. All investments originated after March 31, 2024 were held at amortized cost due to recency of an open market transaction, with the exception of the investments purchased from DLF. All investments as of June 30, 2024 were valued using Level 3 inputs. As of June 30, 2024, all money market funds included in cash and cash equivalents and restricted cash and cash equivalents were valued using Level 1 inputs. When determining fair value of Level 3 debt and equity investments, the Company takes into account the following factors, where relevant: 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 flows, the markets in which the portfolio company does business, comparisons to publicly traded securities, and changes in the interest rate environment and the credit markets generally that affect the price at which similar investments are made and other relevant factors. The primary method for determining enterprise value uses a multiple analysis whereby appropriate multiples are applied to the portfolio company’s net income before net interest expense, income tax expense, depreciation and amortization (“EBITDA”). A portfolio company’s EBITDA can include pro forma adjustments for items such as acquisitions, divestitures, or expense reductions. The enterprise value analysis is performed to determine the value of equity investments and to determine if debt investments are credit impaired. If debt investments are credit impaired, the Company will use the enterprise value analysis or a liquidation basis analysis to determine fair value. For debt investments that are not determined to be credit impaired, the Company uses a market interest rate yield analysis to determine fair value. To determine fair value using a yield analysis, the expected cash flows are projected based on the contractual terms of the debt security and discounted back to the measurement date based on a market yield. A market yield is determined based upon an assessment of current and expected market yields for similar investments and risk profiles. The Company considers the current contractual interest rate, the maturity and other terms of the investment relative to risk of the company and the specific investment. A key determinant of risk, among other things, is the leverage through the investment relative to the enterprise value of the portfolio company. As debt investments held by the Company are substantially illiquid with no active transaction market, the Company depends on primary market data, including newly funded transactions, as well as secondary market data with respect to high yield debt instruments and syndicated loans, as inputs in determining the appropriate market yield, as applicable. The fair value of loans with call protection is generally capped at par plus applicable prepayment premium in effect at the measurement date. Due to the inherent uncertainty of determining the fair value of Level 3 investments that do not have a readily available market value, the fair value of the investments may differ significantly from the values that would have been used had a ready market existed for such investments and may differ materially from the values that are ultimately received or settled. Further, such investments are generally subject to legal and other restrictions or otherwise are less liquid than publicly traded instruments. If the Company were required to liquidate a portfolio investment in a forced or liquidation sale, the Company could realize significantly less than the value at which such investment had previously been recorded. The Company’s investments are subject to market risk. Market risk is the potential for changes in the value due to market changes. Market risk is directly impacted by the volatility and liquidity in the markets in which the investments are traded. The following table presents the fair value hierarchy of financial instruments: June 30, 2024 Level 1 Level 2 Level 3 Total First lien debt $ — $ — $ 436,224 $ 436,224 Total $ — $ — $ 436,224 $ 436,224 The following table presents changes in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value: Three Months Ended June 30, 2024 First Lien Debt Fair value, beginning of period $ 167,278 Purchases of investments including capitalized PIK interest 267,508 Proceeds from principal repayments ( 1,421 ) Accretion of discounts 891 Net unrealized gain 1,968 Fair value, end of period $ 436,224 Net unrealized gain included in earnings related to financial instruments still held as of June 30, 2024 included in net unrealized gain on the Consolidated Statements of Operations $ 1,968 Six Months Ended June 30, 2024 First Lien Debt Fair value, beginning of period $ — Purchases of investments including capitalized PIK interest 460,617 Proceeds from principal repayments ( 27,925 ) Accretion of discounts 980 Net unrealized gain 2,552 Fair value, end of period $ 436,224 Net unrealized gain included in earnings related to financial instruments still held as of June 30, 2024 included in net unrealized gain on the Consolidated Statements of Operations $ 2,552 The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. June 30, 2024 Range Fair Value Valuation Technique Unobservable Input Low High Weighted Average (1) Investments in first lien debt $ 288,800 Yield analysis Discount rate 9.60 % 12.94 % 10.86 % 147,424 Transaction price N/A N/A N/A N/A Total $ 436,224 (1) Weighted averages are calculated based on fair value of investments. The significant unobservable input used in the yield analysis is the discount rate based on comparable market yields. Significant increases in discount rates would result in a significantly lower fair value measurement. Financial Instruments Not Carried at Fair Value Debt The fair value of the Company’s Revolving Credit Facilities, which would be categorized as Level 3 within the fair value hierarchy, as of June 30, 2024, approximates carrying value as the Revolving Credit Facilities have variable interest based on selected short-term rates. The fair value of the Company’s Repurchase Obligations, which would be categorized as Level 3 within the fair value hierarchy, as of June 30, 2024 , approximates carrying value due to the short maturity of the Repurchase Obligations.

Borrowings

Borrowings	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowings	Note 6. Borrowings In accordance with the 1940 Act, with certain limitations, the Company is allowed to borrow amounts such that its asset coverage, as defined in the 1940 Act, is at least 150 % after such borrowing. As of June 30, 2024, the Company’s asset coverage was 213.7 %. Citi Revolving Credit Facility On January 10, 2024, the Company entered into a revolving credit facility (which was subsequently amended on May 22, 2024, the “Citi Revolving Credit Facility”) with Citibank, N.A., as administrative agent, and the lenders and issuing banks party thereto. Borrowings under the Citi Revolving Credit Facility bear interest at Term SOFR plus an interest rate margin of 2.50 %. Any amounts borrowed under the Citi Revolving Credit Facility will mature, and all accrued and unpaid interest will be due and payable, on January 11, 2029. The total commitments under the Citi Revolving Credit Facility are $ 200,000 . The Citi Revolving Credit Facility also has an accordion feature, subject to the satisfaction of various conditions, which could bring total commitments under the Citi Revolving Credit Facility to $ 300,000 . Proceeds from borrowings may be used for general corporate purposes, including the funding of portfolio investments. The Citi Revolving Credit Facility is guaranteed by DCC Holdings I. MS Revolving Credit Facility On April 19, 2024 the Company entered into a revolving credit facility (the “MS Revolving Credit Facility”), with Morgan Stanley Senior Funding, Inc., as administrative agent, and the lenders and issuing banks party thereto. Borrowings under the MS Revolving Credit Facility bear interest at Term SOFR plus an interest rate margin of 2.50 %. Any amounts borrowed under the MS Revolving Credit Facility will mature, and all accrued and unpaid interest will be due and payable, on April 19, 2029. The total commitments under the MS Revolving Credit Facility are $ 200,000 . Proceeds from borrowings may be used for general corporate purposes, including the funding of portfolio investments. The MS Revolving Credit Facility is guaranteed by DCC Holdings II. Repurchase Obligations In order to finance certain investment transactions, the Company may, from time to time, enter into repurchase agreements with Macquarie Bank Limited (“Macquarie”), whereby the Company sells to Macquarie an investment that it holds and concurrently enters into an agreement to repurchase the same investment at an agreed-upon price at a future date, not to exceed 90-days from the date it was sold (the “Macquarie Transaction”). In accordance with ASC Topic 860, these Macquarie Transactions meet the criteria for secured borrowings. Accordingly, the investment financed by the Macquarie Transaction remains on the Company’s Consolidated Statements of Assets and Liabilities as an asset, and the Company records a liability to reflect its repurchase obligation to Macquarie (the “Repurchase Obligations”). The Repurchase Obligations are secured by the respective investment that is the subject of the repurchase agreement. As of June 30, 2024, the Company had outstanding Repurchase Obligations of $ 34,460 associated with repurchase agreements for first lien term loan investments in Blitz 24-34 GmbH and Summit Buyer, LLC. The repurchase agreements for Blitz 24-34 GmbH and Summit Buyer, LLC were entered into on May 2, 2024 and June 5, 2024, respectively. Interest expense under these Repurchase Obligations is calculated as the product of (i) the difference in days between the trade date and the settlement date, which will occur on or prior to the 90th calendar day following the trade date, of the respective Macquarie Transaction and (ii) the interest rates listed in the table below, as stipulated in the respective repurchase agreements. Issuer Investment Trade Date Interest Rate Blitz 24-34 GmbH Term Loan 5/2/2024 0.00023240 Summit Buyer, LLC Term Loan 6/5/2024 0.00023256 The Company’s outstanding debt obligations were as follows: June 30, 2024 Aggregate Principal Committed Outstanding Carrying Unused Amount Citi Revolving Credit Facility $ 200,000 $ 144,700 $ 144,700 $ 55,300 $ 24,526 MS Revolving Credit Facility 200,000 59,500 59,500 140,500 49,929 Repurchase Obligations 34,460 34,460 34,460 — — Total $ 434,460 $ 238,660 $ 238,660 $ 195,800 $ 74,455 (1) The unused portion is the amount upon which commitment fees, if any, are based. (2) The amount available reflects any limitations related to each respective credit facility's borrowing base. As of June 30, 2024, $ 2,287 of interest expense and $ 216 of unused commitment fees were included in interest payable. For the three and six months ended June 30, 2024, the weighted average interest rate on all borrowings outstanding was 8.06 % and 8.15 %, respectively, and the average principal debt outstanding was $ 158,471 and $ 108,689 , respectively. The components of interest expense were as follows: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Borrowing interest expense $ 3,193 $ 3,704 Facility commitment fees 285 488 Amortization of financing costs 202 303 Total interest expense $ 3,680 $ 4,495 Cash paid for interest expense $ 1,576 $ 1,690

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 7. Commitments and Contingencies Portfolio Company Commitments The Company’s investment portfolio contains debt investments which are in the form of lines of credit or delayed draw commitments, which require the Company to provide funding when requested by portfolio companies in accordance with underlying loan agreements. As of June 30, 2024, the Company had unfunded delayed draw terms loans and revolvers in the aggregate principal amount of $ 167,727 . Litigation and Regulatory Matters In the ordinary course of business, the Company may become subject to litigation, claims, and regulatory matters. The Company has no knowledge of material legal or regulatory proceedings pending or known to be contemplated against the Company at this time. Indemnifications In the ordinary course of its business, the Company may enter into contracts or agreements that contain indemnifications or warranties. Future events could occur that lead to the execution of these provisions against the Company. Based on its history and experience, management feels that the likelihood of such an event is remote. Accordingly, the Company has not accrued any liability in conjunction with such indemnifications.

Net Assets

Net Assets	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
Net Assets	Note 8. Net Assets Shares Issued The Company has the authority to issue an unlimited number of Common Shares at $ 0.001 per share par value. On September 29, 2023 and December 19, 2023, the Adviser purchased $ 2 and $ 1,498 , respectively, of Common Shares of the Company at a price of $ 25.00 per common share as the Company’s initial capital. These Common Shares were issued and sold in reliance upon Section 4(a)(2) of the Securities Act, which provides an exemption from the registration requirements of the Securities Act. From time to time the Company enters into subscription agreements (the “Subscription Agreements”) with investors providing for the private placement of the Company’s shares. Under the terms of the Subscription Agreements, investors are required to fund drawdowns to purchase the Company’s shares up to the amount of their respective Capital Commitment on an as-needed basis each time the Company delivers a drawdown notice to its investors. As of June 30, 2024, the Company had received Capital Commitments totaling $ 1,618,370 ($ 1,348,859 remaining undrawn), of which $ 32,650 ($ 26,720 remaining undrawn) were from affiliates of the Adviser. The following table summarizes the total common shares issued and proceeds received related to the Company’s drawdowns of Capital Commitments delivered pursuant to the Subscription Agreements for the six months ended June 30, 2024: Common Share Issuance Date Number of Common Shares Issued Aggregate Proceeds January 19, 2024 3,765,200 $ 94,130 March 11, 2024 1,015,454 25,946 April 22, 2024 2,992,649 76,445 June 17, 2024 2,748,132 71,490 Total 10,521,435 $ 268,011 Series A Preferred Shares On December 20, 2023, the Company received proceeds of $ 1,380 relating to the issuance of 500 shares of the Company’s Series A Preferred Shares at a price of $ 3,000 per share, net of offering costs and an administration fee. Each individual investor in the Series A Preferred Shares offering was entitled to purchase only one Series A Preferred Share. Each holder of Series A Preferred Shares is entitled to a liquidation preference of $ 3,000 per share, or the “Liquidation Value” with respect to distributions, including the payment of dividends and distribution of the Company’ assets upon dissolution, liquidation, or winding up, the Series A Preferred Shares are senior to all other classes and series of Common Shares, and rank on parity with any other class or series of preferred shares, whether such class or series is now existing or is created in the future, to the extent of the aggregate Liquidation Value and all accrued but unpaid dividends and any applicable redemption premium on the Series A Preferred Shares. Dividends on each Series A Preferred Share accrue on a daily basis at the rate of 12.0 % per annum (computed on the basis of a 360-day year consisting of twelve 30-day months) of the sum of the Liquidation Value thereof plus all accumulated and unpaid dividends thereon, from and including December 20, 2023 to and including the earlier of (1) the date of any liquidation, dissolution, or winding up of the Company or (2) the date on which such Series A Preferred Share is redeemed. Dividends will accrue whether or not they have been authorized or declared, whether or not the Company has earnings, and whether or not there are funds legally available for payment of dividends. Dividends are payable semi-annually. The outstanding Series A Preferred Shares are subject to redemption at any time by notice of such redemption on a date selected by the Company for such redemption, such date being referred to as (the "Redemption Date"). If the Company elects to cause the redemption of the Series A Preferred Shares, each Series A Preferred Share will be redeemed for a price, payable in cash on the Redemption Date, equal to 100 % of such share’s Liquidation Value, plus all accrued and unpaid dividends to and including the Redemption Date, plus a redemption premium per share as follows: (1) until the date that is two years from the date of original issuance, $ 300 ; and (2) thereafter, no redemption premium. From and after the close of business on the Redemption Date, all dividends on the outstanding Series A Preferred Shares will cease to accrue, such shares will no longer be deemed to be outstanding, and all rights of the holders of such shares (except the right to receive the redemption price for such shares from us) will cease. The Company classifies the Series A Preferred Shares as temporary equity outside of shareholders’ equity on its accompanying Consolidated Statements of Assets and Liabilities due to certain redemption features that are not solely within the Company’s control. Distributions The following table summarized the Company's distributions to common shareholders for the six months ended June 30, 2024: Date Declared Record Date Payment Date Per Share Amount Total Amount March 26, 2024 March 29, 2024 May 15, 2024 $ 0.45 $ 2,178 June 30, 2024 June 30, 2024 August 14, 2024 0.45 4,764 Total distributions $ 0.90 $ 6,942 The following table summarizes the Company’s distributions to preferred shareholders for the six months ended June 30, 2024: Date Declared Record Date Payment Date Per Share Amount Total Amount May 8, 2024 June 15, 2024 June 28, 2024 $ 191.00 $ 90 Total distributions $ 191.00 $ 90 Distribution Reinvestment The Company has adopted a distribution reinvestment plan (“DRIP”), pursuant to which it will reinvest all cash dividends declared by the Board on behalf of its shareholders who do not elect to receive their dividends in cash as provided below. As a result, if the Board and the Company declares, a cash dividend or other distribution, then the Company’s shareholders who have not opted out of its DRIP will have their cash distributions automatically reinvested in additional shares as described below, rather than receiving the cash dividend or other distribution. Distributions on fractional shares will be credited to each participating shareholder’s account to three decimal places. A participating shareholder will receive an amount of shares equal to the amount of the distribution on that participant’s shares divided by the most recent quarter-end net asset value (“NAV”) per share that is available on the date such distribution was paid (unless the Board determines to use the NAV per share as of another time). Shareholders who receive distributions in the form of shares will generally be subject to the same U.S. federal, state and local tax consequences as if they received cash distributions; however, since their cash distributions will be reinvested, those shareholders will not receive cash with which to pay any applicable taxes. The Company intends to use newly issued shares to implement the plan. Shares issued under the DRIP will not reduce outstanding Capital Commitments. The following table summarizes the amounts and shares issued to shareholders who have not opted out of the Company's DRIP during the six months ended June 30, 2024: Payment Date DRIP Shares Value DRIP Shares Issued May 15, 2024 $ 102 4,007 Total distributions $ 102 4,007

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Earnings Per Share	Note 9. Earnings Per Share The following information sets forth the computation of the net increase in net assets per common share resulting from operations: For the Three Months Ended June 30, 2024 For the Six Months Ended June 30, 2024 Net increase in net assets resulting from operations applicable to common shareholders $ 7,266 $ 11,335 Weighted average shares of common shares outstanding 7,567,551 5,441,161 Earnings per common share $ 0.96 $ 2.08

Financial Highlights

Financial Highlights	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Financial Highlights	Note 10. Financial Highlights The following are the financial highlights: Per Share Data (1) For the Six Months Ended June 30, 2024 Net asset value per common share at beginning of period $ 10.90 Net investment income 1.63 Net unrealized gain (2) 0.47 Distributions to preferred shareholders ( 0.02 ) Net increase from operations 2.08 Distributions declared ( 0.90 ) Impact of issuance of common shares 13.73 Total increase in net assets applicable to common shareholders from capital share transactions 12.83 Total increase in net assets applicable to common shareholders 14.91 Net asset value per common share at end of period $ 25.81 Total return (3) 6.84 % Ratios to Average Net Assets Annualized ratio of net investment income to average net assets applicable to common shares (4) 12.58 % Annualized ratio of operating expenses to average net assets applicable to common shares, gross (4) 14.30 % Annualized ratio of operating expenses to average net assets applicable to common shares, net of waivers and expense support (4) 7.28 % Portfolio turnover 12.38 % (1) The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share. (2) Unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per common share for the period, and may not reconcile with the aggregate gains and losses in the Consolidated Statements of Operations. (3) Total return is calculated as the change in net asset value per common share between the initial offering price per share of $ 25.00 and ending net asset value per common share for the period, plus distributions per common share (assuming distributions are reinvested in accordance with the Company's DRIP). Total returns of less than 1 year are not annualized. (4) The amounts reflected do not reflect the effect of dividend payments to preferred shareholders.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Note 11. 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 June 30, 2024, except as discussed below. July Common Share Issuance On July 29, 2024, the Company received $ 51,298 ($ 600 of which are from affiliates) of proceeds, relating to the issuance of 1,969,832 ( 23,040 of which are for affiliates) Common Shares. Citi Revolving Credit Facility Commitment Increase On August 7, 2024, the Company utilized the accordion feature of its Citi Revolving Credit Facility to increase total commitments from $ 200,000 to $ 250,000 .

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), and include the accounts of the Company and its subsidiaries. In the opinion of management, all adjustments are normal and recurring and considered necessary for the fair presentation of the consolidated financial statements have been included. All intercompany balances and transactions have been eliminated in consolidation. The Company is an investment company and, therefore, applies the specialized accounting and reporting guidance in Accounting Standards Codification (“ASC”) Topic 946, Financial Services – Investment Companies ("ASC Topic 946").
Fiscal Year End	Fiscal Year End The Company’s fiscal year ends on December 31.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and 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. Actual amounts could differ from those estimates and such differences could be material.
Consolidation	Consolidation As provided under Regulation S-X and ASC Topic 946, the Company will not consolidate its investment in a company other than an investment company subsidiary or a controlled operating company whose business consists of providing services to the Company. Accordingly, the Company consolidated the Company’s wholly-owned subsidiaries, DCC Holdings I and DCC Holdings II.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents consist of demand deposits and highly liquid investments, such as money market funds, with original maturities of three months or less. Cash and cash equivalents, other than investments in money market funds which are recorded using the published net asset value per share, are carried at cost, which approximates fair value. The Company deposits its cash and cash equivalents with financial institutions and, at times, may exceed the Federal Deposit Insurance Corporation insured limit. At June 30, 2024, the Company had an investment in the Morgan Stanley Institutional Liquidity Money Market Fund totaling $ 36,726 and an investment in the JPMorgan Federal Money Market Fund totaling $ 35,918 . Restricted cash and cash equivalents include amounts that are collected and are held by a trustee who has been appointed as custodian of the assets securing certain of the Company’s financing transactions. Restricted cash and cash equivalents are held by a trustee for payment of interest expense and principal on the outstanding borrowings or reinvestment into new assets.
Repurchase Obligations	Repurchase Obligations Transactions whereby the Company sells an investment it currently holds with a concurrent agreement to repurchase the same investment at an agreed upon price at a future date are accounted for as secured borrowings in accordance with ASC Topic 860, Transfers and Servicing. The investment subject to the repurchase agreement remains on the Company's Consolidated Statements of Assets and Liabilities, and a secured borrowing is recorded for the future repurchase obligation. The secured borrowing is collateralized by the investment subject to the repurchase agreement. Interest expense associated with the repurchase obligations are reported on the Company's Consolidated Statements of Operations within interest expense.
Investments	Investments Investment transactions are recorded on a trade date basis. Realized gains or losses are measured by the difference between the net proceeds received (excluding prepayment fees, if any) and the amortized cost basis of the investment using the specific identification method without regard to unrealized gains or losses previously recognized, and include investments charged off during the period, net of recoveries, and are recorded within net realized gain (loss) on the Consolidated Statements of Operations, if any. The net change in unrealized gains or losses primarily reflects the change in investment values, including the reversal of previously recorded unrealized gains or losses with respect to investments realized during the period, and is recorded within net unrealized gain s on the Consolidated Statements of Operations. Receivables/Payables From Investments Sold/Purchased Receivables/payables from investments sold/purchased, if any, consist of amounts receivable to or payable by the Company for transactions that have not settled at the reporting date.
Valuation of Investments	Valuation of Investments The Company applies fair value to all of its financial instruments in accordance with ASC Topic 820, Fair Value Measurement (“ASC Topic 820”). ASC Topic 820 defines fair value, establishes a framework used to measure fair value and requires disclosures for fair value measurements. In accordance with ASC Topic 820, the Company has categorized its financial instruments carried at fair value, based on the priority of the valuation technique, into a three-level fair value hierarchy. Fair value is a market-based measure considered from the perspective of the market participant who holds the financial instrument rather than an entity-specific measure. Therefore, when market assumptions are not readily available, the Company’s own assumptions are set to reflect those that management believes market participants would use in pricing the financial instrument at the measurement date. The availability of observable inputs can vary depending on the financial instrument and is affected by a wide variety of factors, including, for example, the type of product, whether the product is new, whether the product is traded on an active exchange or in the secondary market and the current market conditions. To the extent that the valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised by the Company in determining fair value is greatest for financial instruments classified as Level 3. Any changes to the valuation methodology are reviewed by management and the Company’s Board to confirm that the changes are appropriate. As markets change, new products develop and the pricing for products becomes more or less transparent, the Company will continue to refine its valuation methodologies. See further description of fair value methodology in Note 5 Fair Value Measurements.
Foreign Currency Transactions	Foreign Currency Transactions The Company's books and records are maintained in U.S. dollars. Amounts denominated in foreign currencies are translated into U.S. dollars on the following basis: (i) investments and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates effective on the last business day of the period; and (ii) purchases and sales of investments, borrowings and repayments of such borrowings, income, and expenses denominated in foreign currencies are translated into U.S. dollars based upon currency exchange rates prevailing on the transaction dates. The Company includes net changes in fair values on investments resulting from foreign exchange rate fluctuations in translation of assets and liabilities in foreign currencies on the Consolidated Statements of Operations, if any. Foreign security and currency translations may involve certain considerations and risks not typically associated with investing in U.S. companies and U.S. government securities. These risks include, but are not limited to, currency fluctuations and revaluations and future adverse political, social and economic developments, which could cause investments in foreign markets to be less liquid and prices more volatile than those of comparable U.S. companies or U.S. government securities.
Revenue Recognition	Revenue Recognition Interest Income Interest income is recorded on an accrual basis and includes the accretion of discounts and amortization of premiums. Discounts from and premiums to par value on debt investments purchased are accreted/amortized into interest income over the life of the respective security. The amortized cost of debt investments represents the original cost, including loan origination fees and upfront fees received that are deemed to be an adjustment to yield, adjusted for the accretion of discounts and amortization of premiums. Upon prepayment of a loan or debt security, any prepayment premiums, unamortized upfront loan origination fees and unamortized discounts are recorded as interest income in the current period. For the three and six months ended June 30, 2024, the Company recorded $ 825 and $ 1,500 , respectively, in non-recurring interest income (e.g., prepayment premiums and accelerated accretion of upfront loan origination fees and unamortized discounts). PIK Income The Company has loans in its portfolio that contain payment-in-kind (“PIK”) 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. Such income is included in interest income in the Consolidated Statements of Operations. If at any point the Company believes PIK is not expected to be realized, the investment generating PIK will be placed on non-accrual status. When a PIK investment is placed on non-accrual status, the accrued, uncapitalized interest is generally reversed through interest income. To satisfy the Company's annual RIC distribution requirements, this non-cash source of income must be included in determining the amounts to be paid out to shareholders in the form of dividends, even though the Company has not yet collected cash. For the three and six months ended June 30, 2024, the Company recorded $ 261 and $ 329 , respectively, in PIK income. Fee Income The Company may receive various fees in the ordinary course of business such as structuring, consent, waiver, amendment, syndication and other miscellaneous fees as well as fees for managerial assistance rendered by the Company to the portfolio companies. Such fees are recognized as income when earned, as services are rendered. Non-Accrual Income Loans are generally placed on non-accrual status when there is reasonable doubt whether principal or interest will be collected in full. Accrued interest is generally reversed when a loan is placed on non-accrual status. Additionally, any original issue discount and/or market discount are no longer accreted to interest income as of the date the loan is placed on non-accrual status. Interest payments received on non-accrual loans may be recognized as income or applied to principal depending upon management’s judgment regarding collectability. Non-accrual loans are restored to accrual status when past due principal and interest is paid current and, in management’s judgment, are likely to remain current. Management may make exceptions to this treatment and determine to not place a loan on non-accrual status if the loan has sufficient collateral value and is in the process of collection.
Organization Expenses and Offering Expenses	Organization Expenses and Offering Expenses Organization and offering costs are borne by the Company and have been advanced from Diameter subject to recoupment. Costs associated with the organization of the Company have been expensed as incurred, subject to the limitation described below. These organization expenses consist primarily of legal fees and other costs of organizing the Company. Costs associated with the offering of Common Shares and Series A Preferred Shares of the Company are capitalized as deferred offering costs on the Consolidated Statements of Assets and Liabilities and are being amortized over a twelve-month period from the Company's commencement of operations. These deferred offering costs consist primarily of legal fees and other costs incurred in connection with the offering of Common Shares and the offering of the Series A Preferred Shares. Prior to any Liquidity Event (as defined below) that may occur, the Company will not bear more than an amount equal to 0.15 % of the aggregate Capital Commitments of the Company for organization and offering costs incurred. If actual organization and offering costs incurred exceed 0.15 % of the Company’s total Capital Commitments, the Adviser or its affiliates will bear the excess costs. To the extent that the Company’s Capital Commitments later increase, the Adviser or its affiliates may be reimbursed for past payments of excess organization and offering costs made on the Company’s behalf, provided that the total organization and offering costs borne by the Company do not exceed 0.15 % of total Capital Commitments and provided further that the Adviser or its affiliates may not be reimbursed for payment of excess organization and offering expenses that were incurred more than three years prior to the proposed reimbursement. A “Liquidity Event” may include (i) consummating an Exchange Listing (as defined below) or (ii) commencing a general or limited tender offer program in which each shareholder is given the opportunity to tender Common Shares at a per share price based on the Company’s net asset value or other applicable measurement; provided, however, that the Company will not commence such a tender offer program without the approval of at least a majority of Common Shares outstanding. For these purposes, an “Exchange Listing” is a quotation or listing of the Company’s securities on a national securities exchange (including through an initial public offering) or a sale of all or substantially all of our assets to, or a merger or other liquidity transaction with, an entity in which the Company’s shareholders receive shares of a publicly-traded company which continues to be managed by the Adviser or an affiliate thereof; provided, however, that the Company will not commence such an Exchange Listing unless such Exchange Listing is approved by our Board, including a majority of the members of the Board who are not “interested persons” of the Fund or the Adviser as defined in the 1940 Act (“Independent Trustees”). As of June 30, 2024 , the Company did not incur any organization and offering costs in excess of 0.15 % of the Company’s total Capital Commitments. Any sales load, platform fees, servicing fees or similar fees or expenses charged directly to an investor in an offering by a placement agent or similar party will not be considered organization or offering expenses of the Company for purposes of the Company’s cap on organization and offering expenses.
Deferred Financing Costs and Debt Issuance Costs	Deferred Financing Costs and Debt Issuance Costs Deferred financing and debt issuance costs represent fees and other direct incremental costs incurred in connection with the Company’s borrowings. These expenses are deferred and amortized into interest expense over the life of the related debt instrument. Deferred financing costs related to revolving credit facilities are presented separately as an asset on the Company’s Consolidated Statements of Assets and Liabilities.
Income Taxes	Income Taxes The Company has elected to be regulated as a BDC under the 1940 Act. The Company also intends to elect to be treated as a RIC under the Code. So long as the Company maintains its status as a RIC, it generally will not pay corporate-level U.S. federal income taxes on any ordinary income or capital gains that it distributes at least annually to its shareholders as dividends. Rather, any tax liability related to income earned and distributed by the Company would represent obligations of the Company’s investors and would not be reflected in the consolidated financial statements of the Company. 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. Tax positions not deemed to meet the “more-likely-than-not” threshold are reserved and recorded as a tax benefit or expense in the current year. All penalties and interest associated with income taxes are included in income tax expense. Conclusions regarding tax positions are subject to review and may be adjusted at a later date based on factors including, but not limited to, on-going analyses of tax laws, regulations and interpretations thereof. To qualify for and maintain qualification as a RIC, the Company must, among other things, meet certain source-of-income and asset diversification requirements. In addition, to qualify for RIC tax treatment, the Company must distribute to its shareholders, for each taxable year, at least 90 % of its “investment company taxable income” for that year, which is generally its ordinary income plus the excess, if any, of its realized net short-term capital gains over its realized net long-term capital losses. Depending on the level of taxable income earned in a tax year, the Company can be expected to carry forward taxable income (including net capital gains, if any) in excess of current year dividend distributions from the current tax year into the next tax year and pay a nondeductible 4 % U.S. federal excise tax on such taxable income, as required. To the extent that the Company determines that the estimated current year annual taxable income will be in excess of estimated current year dividend distributions from such income, the Company accrues excise tax on estimated excess taxable income. The Company makes certain adjustments to the classification of net assets as a result of permanent book-to-tax differences such as non-deductible expenses. To the extent these differences are permanent, they are charged to additional paid in capital. For the three and six months ended June 30, 2024 , the Company did not incur any U.S. federal excise tax.
Distributions	Distributions To the extent that the Company has taxable income available, the Company intends to make quarterly distributions to its shareholders. Distributions to shareholders are recorded on the record date. All distributions will be paid at the discretion of the Board and will depend on the Company’s earnings, financial condition, maintenance of the Company's tax treatment as a RIC, compliance with applicable BDC regulations and such other factors as the Board may deem relevant from time to time.
New Accounting Standards	New Accounting Standards Management does not believe any recently issued, but not yet effective, accounting standards, if currently adopted, would have a material effect on the accompanying consolidated financial statements.

Agreements and Related Party _2

Agreements and Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
Summary of Expense Payments and Reimbursement Payments	The following table presents a summary of Expense Payments and Reimbursement Payments since the Company's commencement of operations: For the Quarter Ended Expense Payments by Adviser Reimbursement Payments to Adviser Unreimbursed Expense Payments March 31, 2024 $ 2,300 $ — $ 2,300 June 30, 2024 900 — 900 $ 3,200 $ — $ 3,200

Investments (Tables)

Investments (Tables)	6 Months Ended
	Jun. 30, 2024
Schedule of Investments [Abstract]
Summary of the Composition of Investment	The composition of the Company’s investment portfolio at amortized cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total First lien debt $ 433,672 $ 436,224 100.00 % Total $ 433,672 $ 436,224 100.00 % The industry composition of investments at fair value was as follows: June 30, 2024 Automobiles 6.82 % Commercial Services & Supplies 8.90 Construction & Engineering 8.31 Diversified Consumer Services 8.28 Financial Services 6.71 Health Care Technology 2.54 Hotels, Restaurants & Leisure 5.74 Insurance 13.32 Interactive Media & Services 11.74 Software 27.64 Total 100.00 % The geographic composition of investments at amortized cost and fair value was as follows: June 30, 2024 Amortized Cost Fair Value % of Total Germany $ 42,634 $ 42,635 9.77 % United States 391,038 393,589 90.23 Total $ 433,672 $ 436,224 100.00 %

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Summary of Fair Value Hierarchy of Financial Instruments	The following table presents the fair value hierarchy of financial instruments: June 30, 2024 Level 1 Level 2 Level 3 Total First lien debt $ — $ — $ 436,224 $ 436,224 Total $ — $ — $ 436,224 $ 436,224
Summary of Changes in Fair Value of Financial Instruments Level 3 Inputs	The following table presents changes in the fair value of financial instruments for which Level 3 inputs were used to determine the fair value: Three Months Ended June 30, 2024 First Lien Debt Fair value, beginning of period $ 167,278 Purchases of investments including capitalized PIK interest 267,508 Proceeds from principal repayments ( 1,421 ) Accretion of discounts 891 Net unrealized gain 1,968 Fair value, end of period $ 436,224 Net unrealized gain included in earnings related to financial instruments still held as of June 30, 2024 included in net unrealized gain on the Consolidated Statements of Operations $ 1,968 Six Months Ended June 30, 2024 First Lien Debt Fair value, beginning of period $ — Purchases of investments including capitalized PIK interest 460,617 Proceeds from principal repayments ( 27,925 ) Accretion of discounts 980 Net unrealized gain 2,552 Fair value, end of period $ 436,224 Net unrealized gain included in earnings related to financial instruments still held as of June 30, 2024 included in net unrealized gain on the Consolidated Statements of Operations $ 2,552
Summary of Quantitative Information about the Significant Unobservable Inputs of the Company's Level 3 Financial Instruments	The following table presents quantitative information about the significant unobservable inputs of the Company’s Level 3 financial instruments. The table is not intended to be all-inclusive but instead captures the significant unobservable inputs relevant to the Company’s determination of fair value. June 30, 2024 Range Fair Value Valuation Technique Unobservable Input Low High Weighted Average (1) Investments in first lien debt $ 288,800 Yield analysis Discount rate 9.60 % 12.94 % 10.86 % 147,424 Transaction price N/A N/A N/A N/A Total $ 436,224 (1) Weighted averages are calculated based on fair value of investments.

Borrowings (Tables)

Borrowings (Tables)	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
Schedule of Repurchase Obligations	As of June 30, 2024, the Company had outstanding Repurchase Obligations of $ 34,460 associated with repurchase agreements for first lien term loan investments in Blitz 24-34 GmbH and Summit Buyer, LLC. The repurchase agreements for Blitz 24-34 GmbH and Summit Buyer, LLC were entered into on May 2, 2024 and June 5, 2024, respectively. Interest expense under these Repurchase Obligations is calculated as the product of (i) the difference in days between the trade date and the settlement date, which will occur on or prior to the 90th calendar day following the trade date, of the respective Macquarie Transaction and (ii) the interest rates listed in the table below, as stipulated in the respective repurchase agreements. Issuer Investment Trade Date Interest Rate Blitz 24-34 GmbH Term Loan 5/2/2024 0.00023240 Summit Buyer, LLC Term Loan 6/5/2024 0.00023256
Schedule of Outstanding Debt Obligations	The Company’s outstanding debt obligations were as follows: June 30, 2024 Aggregate Principal Committed Outstanding Carrying Unused Amount Citi Revolving Credit Facility $ 200,000 $ 144,700 $ 144,700 $ 55,300 $ 24,526 MS Revolving Credit Facility 200,000 59,500 59,500 140,500 49,929 Repurchase Obligations 34,460 34,460 34,460 — — Total $ 434,460 $ 238,660 $ 238,660 $ 195,800 $ 74,455 (1) The unused portion is the amount upon which commitment fees, if any, are based. (2) The amount available reflects any limitations related to each respective credit facility's borrowing base.
Components of Interest Expense	The components of interest expense were as follows: Three Months Ended June 30, 2024 Six Months Ended June 30, 2024 Borrowing interest expense $ 3,193 $ 3,704 Facility commitment fees 285 488 Amortization of financing costs 202 303 Total interest expense $ 3,680 $ 4,495 Cash paid for interest expense $ 1,576 $ 1,690

Net Assets (Tables)

Net Assets (Tables)	6 Months Ended
	Jun. 30, 2024
Class of Stock [Line Items]
Summary of Shares Issued and Proceeds Received	The following table summarizes the total common shares issued and proceeds received related to the Company’s drawdowns of Capital Commitments delivered pursuant to the Subscription Agreements for the six months ended June 30, 2024: Common Share Issuance Date Number of Common Shares Issued Aggregate Proceeds January 19, 2024 3,765,200 $ 94,130 March 11, 2024 1,015,454 25,946 April 22, 2024 2,992,649 76,445 June 17, 2024 2,748,132 71,490 Total 10,521,435 $ 268,011
Summary of Distributions	The following table summarized the Company's distributions to common shareholders for the six months ended June 30, 2024: Date Declared Record Date Payment Date Per Share Amount Total Amount March 26, 2024 March 29, 2024 May 15, 2024 $ 0.45 $ 2,178 June 30, 2024 June 30, 2024 August 14, 2024 0.45 4,764 Total distributions $ 0.90 $ 6,942 The following table summarizes the Company’s distributions to preferred shareholders for the six months ended June 30, 2024: Date Declared Record Date Payment Date Per Share Amount Total Amount May 8, 2024 June 15, 2024 June 28, 2024 $ 191.00 $ 90 Total distributions $ 191.00 $ 90
Distribution Reinvestment Plan ("DRIP")
Class of Stock [Line Items]
Summary of Shares Issued and Value Under Distribution Reinvestment Plan	The following table summarizes the amounts and shares issued to shareholders who have not opted out of the Company's DRIP during the six months ended June 30, 2024: Payment Date DRIP Shares Value DRIP Shares Issued May 15, 2024 $ 102 4,007 Total distributions $ 102 4,007

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2024
Earnings Per Share [Abstract]
Schedule of computation of Net Increase (Decrease) in Net Assets per Common Share Resulting from Operations	The following information sets forth the computation of the net increase in net assets per common share resulting from operations: For the Three Months Ended June 30, 2024 For the Six Months Ended June 30, 2024 Net increase in net assets resulting from operations applicable to common shareholders $ 7,266 $ 11,335 Weighted average shares of common shares outstanding 7,567,551 5,441,161 Earnings per common share $ 0.96 $ 2.08

Financial Highlights (Tables)

Financial Highlights (Tables)	6 Months Ended
	Jun. 30, 2024
Investment Company [Abstract]
Schedule of Financial Highlights	The following are the financial highlights: Per Share Data (1) For the Six Months Ended June 30, 2024 Net asset value per common share at beginning of period $ 10.90 Net investment income 1.63 Net unrealized gain (2) 0.47 Distributions to preferred shareholders ( 0.02 ) Net increase from operations 2.08 Distributions declared ( 0.90 ) Impact of issuance of common shares 13.73 Total increase in net assets applicable to common shareholders from capital share transactions 12.83 Total increase in net assets applicable to common shareholders 14.91 Net asset value per common share at end of period $ 25.81 Total return (3) 6.84 % Ratios to Average Net Assets Annualized ratio of net investment income to average net assets applicable to common shares (4) 12.58 % Annualized ratio of operating expenses to average net assets applicable to common shares, gross (4) 14.30 % Annualized ratio of operating expenses to average net assets applicable to common shares, net of waivers and expense support (4) 7.28 % Portfolio turnover 12.38 % (1) The per share data was derived by using the weighted average common shares outstanding during the period except for distributions declared to common shareholders which is based on actual rate per share. (2) Unrealized gains and losses per share in this caption are balancing amounts necessary to reconcile the change in net asset value per common share for the period, and may not reconcile with the aggregate gains and losses in the Consolidated Statements of Operations. (3) Total return is calculated as the change in net asset value per common share between the initial offering price per share of $ 25.00 and ending net asset value per common share for the period, plus distributions per common share (assuming distributions are reinvested in accordance with the Company's DRIP). Total returns of less than 1 year are not annualized. (4) The amounts reflected do not reflect the effect of dividend payments to preferred shareholders.

Organization - Additional Infor

Organization - Additional Information (Details) - $ / shares	6 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Dec. 20, 2023
Organization [Line Items]
Common stock per share par value	$ 0.001	$ 0.001
Initial closing period of anniversary date	12 months
Final closing date description	which may be extended for two (2) additional six-month periods by the Adviser
12.0% Series A Cumulative Preferred Shares
Organization [Line Items]
Preferred stock, shares issued			500
Preferred stock, par value			$ 0.001

Significant Accounting Polici_3

Significant Accounting Policies - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024	Dec. 31, 2023
Cash and Cash Equivalents [Line Items]
Interest Income	$ 825	$ 1,500
Percentage of aggregate capital commitments for organization and offering costs incurred	0.15%	0.15%
Percentage of organization and offering costs incurred	0.15%	0.15%
Maximum percentage of capital commitments	0.15%	0.15%
Reimbursement payment period		3 years
Percentage of investment company taxable income	90%	90%
Nondeductible federal excise tax percentage		4%
Cash and cash equivalents	$ 79,612	$ 79,612	$ 2,880
PIK income	261	329
Fee income	18	18
Morgan Stanley Institutional Liquidity | Money Market Funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	36,726	36,726
JP Morgan Federal | Money Market Funds
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 35,918	$ 35,918

Agreements and Related Party _3

Agreements and Related Party Transactions - Additional Information (Details)			3 Months Ended		6 Months Ended
	Dec. 21, 2023	Dec. 12, 2023	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Jun. 30, 2024 USD ($) Component	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Administrative service expenses			$ 434,000		$ 929,000
Management fees			1,129,000		1,515,000
Management fees voluntarily waived			565,000		758,000
Management fees payable			564,000		564,000
Due to affiliates			759,000		$ 759,000	$ 154,000
Percentage of realized capital gains					15%
Incentive fees earned based pre-incentive fee net investment income			794,000		$ 1,317,000
Payments for expense on written commitments			900,000	$ 2,300,000	3,200,000
Reimbursement payments			0		$ 0
Incentive fees payable term					4 years
Capital gains incentive fee earned			0		$ 0
Payable amount of incentive fees based on pre-incentive fee net investment income			0		0
Capital gains based incentive fees payable			0		$ 0
Investment Advisory Agreement
Related Party Transaction [Line Items]
Management fees ,base rate					0.625%
Management fee rate					1.25%
Management fees			1,129,000		$ 1,515,000
Management fees payable			564,000		$ 564,000
Percentage of pre incentive fee net investment income annualized hurdle rate					7%
Percentage of catch up provision for pre incentive fee net investment income					100%
Percentage of all pre-Incentive Fee net investment income					15%
Percentage of remaining pre incentive fee net investment income					15%
Percentage of pre incentive fee net investment income annualized					8.2352%
Percentage of pre incentive fee net investment income quarterly after catch up achieved					2.0588%
Percentage of pre-Incentive fee net investment income					100%
Percentage of pre incentive fee net investment income annualized					8.2352%
Percentage of pre incentive fee net investment income for quarter					15%
Investment Advisory Agreement | Minimum
Related Party Transaction [Line Items]
Percentage of quarterly hurdle rate					1.75%
Percentage of pre incentive fee net investment income for quarter					2.0588%
Administration Agreement
Related Party Transaction [Line Items]
Administrative service expenses			434,000		$ 929,000
Due to affiliates			$ 780,000		$ 780,000	$ 5,000
Sub-Administration Agreement
Related Party Transaction [Line Items]
Related party transaction, initial term	1 year
Related party transaction, renewal term	6 months
Termination notice period	90 days
Expense Support Agreement
Related Party Transaction [Line Items]
Expense payment period		45 days
Expense Support Agreement Excess Operating Funds
Related Party Transaction [Line Items]
Expense payment period		3 years
Affiliated Entity | Investment Advisory Agreement
Related Party Transaction [Line Items]
Number of components | Component					2

Agreements and Related Party _4

Agreements and Related Party Transactions - Summary of Expense Payments and Reimbursement Payments (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2024
Related Party Transactions [Abstract]
Expense Payments by Adviser	$ 900,000	$ 2,300,000	$ 3,200,000
Reimbursement Payments to Adviser	0		0
Unreimbursed Expense Payments	$ 900,000	$ 2,300,000	$ 3,200,000

Investments - Investment Portfo

Investments - Investment Portfolio at Cost and Fair Value (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Cost	$ 433,672
Fair Value	$ 436,224
% of Total Investments at Fair Value	100%
First Lien Debt
Schedule of Investments [Line Items]
Cost	$ 433,672
Fair Value	$ 436,224
% of Total Investments at Fair Value	100%

Investments - Industry Composit

Investments - Industry Composition Of Investments at Fair Value (Details)	Jun. 30, 2024
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	100%
Automobiles
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	6.82%
Commercial Services & Supplies
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	8.90%
Construction & Engineering
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	8.31%
Diversified Consumer Services
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	8.28%
Financial Services
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	6.71%
Health Care Technology
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	2.54%
Hotels, Restaurants & Leisure
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	5.74%
Insurance
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	13.32%
Interactive Media & Services
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	11.74%
Software
Schedule of Investments [Line Items]
% of Total Investments at Fair Value	27.64%

Investments - Geographic Compos

Investments - Geographic Composition of Investments at Cost and Fair Value (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Schedule of Investments [Line Items]
Cost	$ 433,672
Fair Value	$ 436,224
% of Total Investments at Fair Value	100%
Germany
Schedule of Investments [Line Items]
Cost	$ 42,634
Fair Value	$ 42,635
% of Total Investments at Fair Value	9.77%
United States
Schedule of Investments [Line Items]
Cost	$ 391,038
Fair Value	$ 393,589
% of Total Investments at Fair Value	90.23%

Investments - Additional Inform

Investments - Additional Information (Details) $ in Thousands	Apr. 23, 2024 USD ($)	Jan. 22, 2024 USD ($)	Jun. 30, 2024 Loan
Schedule of Investments [Line Items]
Number of loans in non-accrual status | Loan			0
Percent of investments bearing interest at floating rate			93.18%
Percent of investments bearing interest at fixed rate			6.82%
DLF
Schedule of Investments [Line Items]
Business combination acquired securities | $	$ 99,334	$ 93,174

Net Assets - Additional Informa

Net Assets - Additional Information (Details) - USD ($)			3 Months Ended	6 Months Ended
		Dec. 20, 2023	Jun. 30, 2024	Jun. 30, 2024		Dec. 31, 2023	Dec. 19, 2023	Sep. 29, 2023
Class of Stock [Line Items]
Common stock per share par value			$ 0.001	$ 0.001		$ 0.001
Sale of stock, price per share								$ 25
Adviser purchased of common shares							$ 1,498,000	$ 2,000
Issuance of Common Shares			$ 147,935,000	$ 268,011,000
Preferred stock redemption terms				(1) until the date that is two years from the date of original issuance, $300; and (2) thereafter, no redemption premium. From and after the close of business on the Redemption Date, all dividends on the outstanding Series A Preferred Shares will cease to accrue, such shares will no longer be deemed to be outstanding, and all rights of the holders of such shares (except the right to receive the redemption price for such shares from us) will cease.
Declared a dividend per share of common stock				$ 0.9
Capital commitment received form investors			1,618,370	$ 1,618,370
Capital commitments remaining undrawn			1,348,859	1,348,859
Capital commitment received from affiliates			32,650	32,650
Capital commitments remaining undrawn from affiliates			26,720	26,720
Common Stock
Class of Stock [Line Items]
Issuance of Common Shares	[1]		$ 5,000	$ 10,000	[2]
Series A Preferred Shares
Class of Stock [Line Items]
Issuance of Common Shares		$ 1,380,000
Preferred stock, shares issued		500
Preferred stock, par or stated value per share		$ 3,000
Liquidation preference		$ 3,000
Preferred stock, dividend rate, percentage		12%
Preferred stock, redemption percentage		100%
Preferred stock original issuance		$ 300,000
Preferred stock redemption premium		$ 0
[1] The par amount on reinvestment of distributions is less than 1 . The par amount at December 31, 2023 is less than 1 .

Net Assets - Summary of Shares

Net Assets - Summary of Shares Issued and Proceeds Received (Details) - USD ($)					3 Months Ended	6 Months Ended
	Jun. 17, 2024	Apr. 22, 2024	Mar. 11, 2024	Jan. 19, 2024	Jun. 30, 2024	Jun. 30, 2024
Class of Stock [Line Items]
Aggregate Proceeds						$ 267,837,000
Common Stock
Class of Stock [Line Items]
Number of Common Shares Issued	2,748,132	2,992,649	1,015,454	3,765,200	5,740,781	10,521,435
Aggregate Proceeds	$ 71,490	$ 76,445	$ 25,946	$ 94,130		$ 268,011

Net Assets - Summary of Distrib

Net Assets - Summary of Distributions (Details)	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares
Dividends Payable [Line Items]
Distributions, Per Share Amount | $ / shares	$ 0.9
Total Distributions Amount | $	$ 6,942
Distributions Date Declared, Tuesday, March 26, 2024
Dividends Payable [Line Items]
Distributions, Date Declared	Mar. 26, 2024
Distributions, Record Date	Mar. 29, 2024
Distributions, Payment Date	May 15, 2024
Distributions, Per Share Amount | $ / shares	$ 0.45
Total Distributions Amount | $	$ 2,178
Distributions Date Declared, Sunday, June 30, 2024
Dividends Payable [Line Items]
Distributions, Date Declared	Jun. 30, 2024
Distributions, Record Date	Jun. 30, 2024
Distributions, Payment Date	Aug. 14, 2024
Distributions, Per Share Amount | $ / shares	$ 0.45
Total Distributions Amount | $	$ 4,764
Distributions Date Declared, Wednesday, May 8, 2024 | Preferred Stock
Dividends Payable [Line Items]
Distributions, Date Declared	May 08, 2024
Distributions, Record Date	Jun. 15, 2024
Distributions, Payment Date	Jun. 28, 2024
Distributions, Per Share Amount | $ / shares	$ 191
Total Distributions Amount | $	$ 90

Net Assets - Summary of Share_2

Net Assets - Summary of Shares Issued and Value under Distribution Reinvestment Plan (Details) - Distribution Reinvestment Plan ("DRIP")	6 Months Ended
	Jun. 30, 2024 USD ($) shares
Class of Stock [Line Items]
DRIP Shares Value | $	$ 102
DRIP shares issued | shares	4,007
May 15, 2024
Class of Stock [Line Items]
Distributions, Payment Date	May 15, 2024
DRIP Shares Value | $	$ 102
DRIP shares issued | shares	4,007

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Fair Value Disclosures [Abstract]
Fair value assets level 1 transfers amount	$ 0	$ 0
Fair value assets level 2 transfers amount	0	0
Fair value assets level 3 transfers amount	0	0
Fair value liabilities level 1 transfers amount	0	0
Fair value liabilities level 2 transfers amount	0	0
Fair value liabilities level 3 transfers amount	$ 0	$ 0

Fair Value Measurements - Summa

Fair Value Measurements - Summary of Fair Value Hierarchy of Financial Instruments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value	$ 436,224
First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value	436,224
Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value	436,224
Level 3 | First Lien Debt
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total fair value	$ 436,224

Fair Value Measurements - Sum_2

Fair Value Measurements - Summary of Changes in Fair Value of Financial Instruments Level 3 Inputs (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
First Lien Debt
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Fair value, beginning of period	$ 167,278
Purchases of investments including capitalized PIK interest	267,508	$ 460,617
Proceeds from principal repayments	(1,421)	(27,925)
Accretion of discounts	891	980
Fair value, end of period	436,224	436,224
Net unrealized gain included in earnings related to financial instruments still held as of June 30, 2024 included in net unrealized gain on the Consolidated Statements of Operations	1,968	2,552
First Lien Debt Unrealized Gain Loss
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Net unrealized gain	$ 1,968	$ 2,552

Fair Value Measurements - Sum_3

Fair Value Measurements - Summary of Quantitative Information about the Significant Unobservable Inputs of the Company's Level 3 Financial Instruments (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 436,224
Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	436,224
First Lien Debt | Yield analysis | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	147,424
First Lien Debt | Yield analysis | Discount Rate | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair Value	$ 288,800
First Lien Debt | Yield analysis | Discount Rate | Minimum | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.096
First Lien Debt | Yield analysis | Discount Rate | Maximum | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1294
First Lien Debt | Yield analysis | Discount Rate | Weighted Average | Level 3
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Measurement input	0.1086	[1]
[1] Weighted averages are calculated based on fair value of investments.

Borrowings - Additional Informa

Borrowings - Additional Information (Details) - USD ($)			3 Months Ended	6 Months Ended
	Apr. 19, 2024	Jan. 10, 2024	Jun. 30, 2024	Jun. 30, 2024
Line of Credit Facility [Line Items]
Minimum percentage of asset coverage ratio			150%	150%
Asset coverage ratio			213.70%	213.70%
Interest Expense			$ 3,193,000	$ 3,704,000
Citi Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, spread on variable rate		2.50%
Investment, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of credit		$ 200,000,000
Total commitments subject to satisfaction of various conditions		$ 300,000,000
MS Revolving Credit Facility
Line of Credit Facility [Line Items]
Debt instrument, spread on variable rate	2.50%
Investment, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Total commitments subject to satisfaction of various conditions	$ 200,000,000
Repurchase Agreement
Line of Credit Facility [Line Items]
Interest Expense				2,287,000
Average principal debt outstanding			158,471,000	108,689,000
Repurchase Agreement | Unused Commitment Fees [Member]
Line of Credit Facility [Line Items]
Interest Payable			$ 216,000	$ 216,000
Repurchase Agreement | Weighted Average [Member]
Line of Credit Facility [Line Items]
Weighted average interest rate			8.06%	8.15%
Repurchase Agreement | Macquarie
Line of Credit Facility [Line Items]
Outstanding repurchase obligation			$ 34,460,000	$ 34,460,000

Borrowings - Schedule of Repurc

Borrowings - Schedule of Repurchase Agreements (Details) - Repurchase Agreement - Term Loan	6 Months Ended
	Jun. 30, 2024
Blitz 24-34 GmbH
Debt Instrument [Line Items]
Trade Date	May 02, 2024
Interest Rate	0.00023%
Summit Buyer, LLC
Debt Instrument [Line Items]
Trade Date	Jun. 05, 2024
Interest Rate	0.00023%

Borrowings - Schedule of Outsta

Borrowings - Schedule of Outstanding Debt Obligations (Details)	Jun. 30, 2024 USD ($)
Debt Instrument [Line Items]
Aggregate Principal Committed	$ 434,460,000
Outstanding principal	238,660,000
Carrying Value	238,660,000
Unused Portion	195,800,000
Amount Available	74,455,000
Citi Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate Principal Committed	200,000,000
Outstanding principal	144,700,000
Carrying Value	144,700,000
Unused Portion	55,300,000
Amount Available	24,526,000
MS Revolving Credit Facility
Debt Instrument [Line Items]
Aggregate Principal Committed	200,000,000
Outstanding principal	59,500,000
Carrying Value	59,500,000
Unused Portion	140,500,000
Amount Available	49,929,000
Repurchase Obligation
Debt Instrument [Line Items]
Aggregate Principal Committed	34,460,000
Outstanding principal	34,460,000
Carrying Value	$ 34,460,000

Borrowings - Components of Inte

Borrowings - Components of Interest Expense (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Debt Disclosure [Abstract]
Borrowing interest expense	$ 3,193	$ 3,704
Facility commitment fees	285	488
Amortization of financing costs	202	303
Total interest expense	3,680	4,495
Cash paid for interest expense	$ 1,576	$ 1,690

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Delayed Draw Commitment
Other Commitments [Line Items]
Unfunded commitment	$ 167,727

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of computation of Net Increase (Decrease) in Net Assets per Common Share Resulting from Operations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2024
Earnings Per Share [Abstract]
Net increase in net assets resulting from operations applicable to common shareholders	$ 7,266	$ 11,335
Weighted average shares of common shares outstanding, basic	7,567,551	5,441,161
Weighted average shares of common shares outstanding, diluted	7,567,551	5,441,161
Earnings per common share, basic	$ 0.96	$ 2.08
Earnings per common share. diluted	$ 0.96	$ 2.08

Financial Highlights - Schedule

Financial Highlights - Schedule of Financial Highlights (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares
Investment Company [Abstract]
Net asset value per common share at beginning of period	$ 10.9
Net investment income	1.63
Net unrealized gain	0.47
Distributions to preferred shareholders	(0.02)
Net increase from operations	2.08
Distributions declared	(0.9)
Impact of issuance of common shares	13.73
Total increase in net assets applicable to common shareholders from capital share transactions	12.83
Total increase in net assets applicable to common shareholders	14.91
Net asset value per common share at end of period	$ 25.81
Total return	6.84%
Ratios to Average Net Assets
Annualized ratio of net investment income to average net assets applicable to common shares	12.58%
Annualized ratio of operating expenses to average net assets applicable to common shares, gross	14.30%
Annualized ratio of operating expenses to average net assets applicable to common shares, net of waivers and expense support	7.28%
Portfolio turnover	12.38%

Financial Highlights - Schedu_2

Financial Highlights - Schedule of Financial Highlights (Parenthetical) (Details)	6 Months Ended
	Jun. 30, 2024 $ / shares
Investment Company [Abstract]
Net asset value per common share initial offering price	$ 25

Subsequent Events - Additional

Subsequent Events - Additional Information (Details) - USD ($)						3 Months Ended	6 Months Ended
	Jul. 29, 2024	Jun. 17, 2024	Apr. 22, 2024	Mar. 11, 2024	Jan. 19, 2024	Jun. 30, 2024	Jun. 30, 2024	Aug. 07, 2024	Apr. 19, 2024	Jan. 10, 2024	Dec. 31, 2023
Subsequent Event [Line Items]
Proceeds from issuance of common shares							$ 267,837,000
Issuance of Common Shares						10,585,443	10,585,443				60,000
Cost						$ 433,672,000	$ 433,672,000
MS Revolving Credit Facility
Subsequent Event [Line Items]
Investment, Variable Interest Rate, Type [Extensible Enumeration]									Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Citi Revolving Credit Facility
Subsequent Event [Line Items]
Investment, Variable Interest Rate, Type [Extensible Enumeration]										Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of credit										$ 200,000,000
Common Shares
Subsequent Event [Line Items]
Proceeds from issuance of common shares		$ 71,490	$ 76,445	$ 25,946	$ 94,130		$ 268,011
Issuance of Common Shares, shares		2,748,132	2,992,649	1,015,454	3,765,200	5,740,781	10,521,435
Subsequent Event | Citi Revolving Credit Facility | Minimum
Subsequent Event [Line Items]
Line of credit								$ 200,000
Subsequent Event | Citi Revolving Credit Facility | Maximum
Subsequent Event [Line Items]
Line of credit								$ 250,000
Subsequent Event | Common Shares
Subsequent Event [Line Items]
Proceeds from issuance of common shares	$ 51,298
Proceeds from issuance of common stock received from affiliates	$ 600
Issuance of Common Shares, shares	1,969,832
Issuance of common shares for affiliates, shares	(23,040)